IPO Profile: VSN Inc.
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Tokyo, Dec. 7 (Jiji Press)--Japanese personnel service firm VSN Inc.  will make its debut on the Jasdaq Securities Exchange on Dec. 20.  The Tokyo-based company dispatches engineers trained at its own facilities to client firms and workers to factories. It has about 350 such clients.
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InfoWorld - Cisco Systems has finalized an agreement to purchase privately held BCN Systems, a provider of networking software design. Under the terms of the agreement, Cisco will pay approximately &#36;34 million in cash for BCN. The price could increase by as much as &#36;122 million if BCN meets certain development and product milestones. BCN's architecture will be incorporated across Cisco's broad routing portfolio and will support Cisco's delivery of next-generation data, voice, and video services over a converged network.
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NEW YORK/LOS ANGELES  - DreamWorks Animation SKG  Inc.'s initial public offering raised a more-than-expected $812  million on Wednesday in a deal that marked the first IPO by a  major movie studio in seven years.
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NetSuite Inc, a software maker  majority-owned by Oracle Corp  Chief Executive Larry  Ellison, on Tuesday raised the estimated price range for its  initial public offering to $16 to $19 per share and said it is  conducting the IPO as a modified Dutch auction.
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3GSM WORLD CONGRESS -- VeriSign, Inc. (NASDAQ: VRSN), the leading provider of digital infrastructure for the networked world, today announced that Iraqi based Al Mazaya Telecommunications chose VeriSign PrePayIN to support its prepay service in Iraq.
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Och-Ziff Capital Management Group, a  large alternative asset manager, said on Monday it filed for an  initial public offering, making it the latest large investment  firm to seek a public listing.
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(InfoWorld) - Verizon Business on Monday rolled out a nationwide WAN service, allowing large organizations to use Ethernet to connect offices spread across the U.S. Verizon's Virtual Private LAN Service, or E-VPLS, is the first such service from large telecom carriers, the company said. The service, delivered over Verizon Business' existing converged packet network, allows customers the flexibility to adjust their networks' bandwidth from 1M bps (bits per second) to 1G bps, Verizon said. The new service is aimed at companies that want the simplicity and cost-effectiveness of Ethernet service paired with a nationwide WAN, Verizon said. "We have extreme coverage," said Michael Volgende, Verizon Business' director of Ethernet services. "We're not starting from scratch in terms of network deployment." In addition, the new service, available throughout most of the U.S. Monday, comes with service-level agreements that guarantee on-network Ethernet access 100 percent of the time, and 99.99 percent for off-network Ethernet access. The agreements include a mean time to repair of two hours for on-net Ethernet access. By using Verizon Business' current packet network, Verizon can offer a "very strong" service-level agreement, Volgende said. "It kind of demonstrates the confidence we have in the service offering," he added. E-VPLS allows customers to maintain control of their routing, instead of sharing it with Verizon, said Verizon Business, part of Verizon Communications Inc. E-VPLS will allow customers to set priorities for applications through four classes of service: real time, priority, business and basic data. Real-time service is aimed at VOIP (voice over Internet Protocol) and digital video applications, while applications like e-mail can get a lower priority. In addition to commercial applications, the U.S. General Services Administration requested the service as part of its Networx program, designed to help federal agencies make the transition to next-generation networking services, Verizon said. The service will cost about $48,000 a month for a typical Fortune 100 customer using E-VPLS to connect six sites spread across the U.S., Verizon said. That price includes bandwidth ranging from 10M bps to 100M bps. The same network would cost more than 25 percent more using traditional leased lines in a hub-and-spoke network, Verizon said.
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NewStep Networks, Inc., the leader in convergence solutions for carriers  and enterprises, was named by NetworkWorld as one of 10 companies to  watch as VoIP (Voice over Internet Protocol) overtakes traditional  telephony.
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Och-Ziff Capital Management Group, a large alternative asset manager, said on Monday it filed for an initial public offering, making it the latest large investment firm to seek a public listing.
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Riding the tail of a shark, DreamWorks Animation Inc. arrives on Wall Street today in the most high-profile entertainment company initial public offering in years.
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(InfoWorld) - Hosted business software provider NetSuite hopes to raise $75 million in an initial public offering. The company, started in 1998 by two former Oracle executives, plans to use the money for working capital, to pay the balance of a line of credit, and possibly to acquire other businesses or technologies, the company said in a filing made on Monday with the U.S. Securities and Exchange Commission. NetSuite, which targets its hosted CRM and ERP software at small and medium-size businesses, hasn't yet turned a profit. It reported revenue of $67.2 million and a net loss of $23.4 million for 2006 The company competes with giants such as Salesforce.com, Microsoft, SAP, and Intuit. NetSuite also competes with Oracle, even though Oracle's founder and chief executive officer Larry Ellison controls about 74 percent of NetSuite, individually and through his family members and an investment entity. NetSuite notes that Ellison will continue to have control over most matters that require stockholder approval, such as the appointment of the majority of directors of the company and potential acquisitions. His interests could differ from other stockholders, NetSuite noted. The SEC filing includes a long list of other risks to NetSuite's business in the future, including the likelihood of increased competition as more companies will probably enter the business. NetSuite will have to continue to convince medium-size businesses to use software as a service rather than buy software outright, and the company will have to upsell to those customers in order to grow the business, it said in the filing. NetSuite's success in the future also is dependent on companies that it relies on, including Oracle, which supplies database software that NetSuite uses, as well as telecommunications operators that deliver the service to end customers, the company said.
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Internet- and cable-TV video startup Current Media has filed for an initial public offering. The company, which counts former Vice President Al Gore among its backers, has yet to turn a profit.
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Buys board seat to watch IPO Reinforcing its status as the software darling of the moment, VMware has secured a whopping $219m investment from Intel.â¦
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Cisco Systems has finalized an agreement to purchase privately held BCN Systems, a provider of networking software design. Under the terms of the agreement, Cisco will pay approximately $34 million in cash for BCN. The price could increase by as much as $122 million if BCN meets certain development and product milestones. BCN's architecture will be incorporated across Cisco's broad routing portfolio and will support Cisco's delivery of next-generation data, voice, and video services over a converged network.
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DreamWorks&#39; IPO was expected to raise more than US$812 million in the first IPO by a major movie studio in seven years. Earlier this month, the company debuted &quot;Shark Tale,&quot; and it has become a hit generating
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Online auction The long-rumoured and speculated Initial Public Offering (IPO) by Netsuite, the software as a service (SaaS) specialist, is at last underway. and it looks like it will use a novel way to determine the share price and the volume of shares to be issued.â¦
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NetSuite on Wednesday&#160;boosted the estimated price range for its IPO&#160;(initial public offering) for the second time in just two days, according to a filing with the U.S. Securities and Exchange Commission. The range now stands at $19 to $22, after NetSuite raised it to $16 to $19 on Tuesday.The hosted business software company initially set the range at $13 to $16.NetSuite is running the IPO as an&#160;online auction, in the same fashion of search giant Google, rather than following the traditional route of having underwriters set the price.The stock is expected to be priced after the stock market&#39;s close Wednesday. It will be listed on the New York Stock Exchange under the symbol &quot;N.&quot;NetSuite, which sells a line of hosted business software, is putting up 6.2 million shares of common stock. The company said Wednesday it believes it will net about $115.9 million from the IPO after expenses.NetSuite has said it plans to use proceeds from its IPO to pay off an $8 million balance on a line of credit with Tako Ventures, an entity controlled by Oracle CEO Larry Ellison, and to possibly make acquisitions.Ellison controls about 60 percent of NetSuite&#39;s outstanding stock -- some 31.9 million shares.NetSuite said Wednesday that Ellison has now completed the transfer of those shares into a holding company, NetSuite Restricted Holdings. The move is meant to &quot;effectively eliminate&quot; Ellison&#39;s voting power and avoid potential conflicts of interests, NetSuite said.&#160;