Equinix, Inc., provider of global data center services, reported yesterday that it has reached a definitive agreement to acquire Switch & Data Facilities Company, Inc. (NASDAQ: SDXC), a leading provider of data center and Internet exchange services, for approximately $689 million in cash and stock. The acquisition represents a significant market expansion for Equinix and will expand the company’s market presence by adding 16 new markets across North America, including additional 34 data centers in 22 markets in the U.S. and Canada.

The combination of the two companies will further strengthen Equinix’s position in the global data center services market by extending the company’s presence to 16 new markets across North America. Equinix will integrate Switch and Data’s data center business and operations in the U.S. and Canada. It will also increase the Global presence of Equinix leaving the new combined entity with 79 data centers in 34 markets and more

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At a recent press release, Equinix Inc. (EQIX) unveiled its plan to set up a 4,500 square meter or 48,400 square foot data center in Geneva , Switzerland . The company is in the process of expanding its global data center network to meet the global demand for data center services. This second data center in Geneva falls within the company’s $1.4 billion expansion plan to be executed within 2007 – 2010 in which the company expects to expand its operation in 15 out of 18 markets.  This new GV2 data center will be completed in phases. The first phase is scheduled to open in December 2009, increasing the company’s cabinet capacity by 380. The data center will have a total capacity of 780 cabinets after completion. This GV2 data center will run on the services of the company’s existing data center (GV1) which supports functions of ...

According to Wall Street Journal, EMC Corp. (EMC) and Cisco Systems (CSCO) will form a new joint venture. EMC is a leader in the storage hardware and software segment while Cisco is a leading provider of IP-based networking and other products.   The Journal cited that the joint venture would provide data center services to large businesses and would use Cisco’s new blade server for data centers. However, both the companies declined to provide further details.   EMC had agreements with Cisco earlier. The strategic alliance with Cisco in the data center and security business as well as enterprise market enables EMC to drive new growth opportunities within large virtualized next-gen data centers and help target the company’s next generation virtualization efforts.   We believe this relationship with Cisco will help EMC compete against Hewlett-Packard (HPQ), a leader in data center automation and has been continuously ...

PennyOmega.com Short Highlights Before the Bell!

PennyOmega.com Short Highlights Before The Bell!

PennyOmega.com Stocks Upgraded, Downgraded and Short Highlights Before the Bell Thursday August 27, 2009

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Vector Group Ltd. (NYSE: VGR) announced today that it is offering $60 million aggregate principal amount of 11% Senior Secured Notes due 2015 (the “Notes”) to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), to persons outside of the United States in compliance with Regulation S under the Securities Act and to a limited number of other institutional accredited investors within the meaning of Rule 501(a)(1), (2), (3) or (7) of the Securities Act. The Notes

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