As a leading provider of co-location services, Equinix Inc. (EQIX) is well positioned in the market. The company is moving on with its leadership position in the energy efficient data center management segment. The company recently announced that its SV2 International Business Exchange (IBX) data center has earned the Leadership in Energy and Environmental Design (LEED) Certification from the U.S. Green Building Council (USGBC). Securing a LEED certification shows the company’s commitment to setting up energy efficient data center operations. It is also likely to encourage companies across sectors to use EQIX data centers, as it helps them adhere to the strict energy saving guidelines put forward by the different regulatory bodies. Extending its Data center business, the company recently entered into an agreement with Boston Options Exchange Group, LLC (BOX). This is an all-electronic equity options market, which has announced the shifting of its operations to ...

Global data center service provider Equinix Inc. (EQIX) recently announced an underwriting agreement to sell $750.0 million aggregate principal amount of 8.125% senior unsecured notes due in 2018.

The company is expected to derive net proceeds of approximately $736,275,000, excluding underwriting discounts and estimated offering expenses. The company will be using the net proceeds from this debt issue for general purposes, such as capital expenditure for expansion and to repay the existing debts raised in connection with the acquisition of the Switch & Data facilities Company Inc.

The interest will be paid semi-annually at the rate of 8.125% per year. We believe that the company can productively use this debt, as it is constantly acquiring new companies that could enhance its revenue potential and expand its geographic reach. It is also expanding its current facilities, and at the same time exercising fiscal discipline.

This apart, in October 2009, Equinix unveiled its plan

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Equinix Inc. (EQIX) and Switch & Data Facilities Co. (SDXC) can now move forward with their merger plan, as the shareholders of Switch & Data has approved the merger for a consideration of $689.0 million.

More than 85% of Switch & Data's outstanding common stock holders participated in the vote, among which in excess of 99% were in favor of the merger. We believe this is positive news for Equinix, as this acquisition is expected to further strengthen the company’s leadership position in the global data center services market by extending its presence to 16 new markets across North America.

During October 2009, Equinix and Switch & Data announced their merger plans. After the completion of the acquisition, Equinix will gain access to Switch & Data Facilities’ 34 data centers in 22 markets in the U.S. and Canada. One million gross square feet of data center capacity, will be added

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Equinix Inc’s. (EQIX) fourth quarter 2009 EPS of 44 cents exceeded the Zacks Consensus Estimate of 34 cents per share.   Revenue   Revenue for the third quarter was $242.6 million, up 7% over the previous quarter and 27.2% over the same quarter last year. This reflects the continued benefit of strong demand across all three geographic regions. This apart, the company witnessed revenue growth across all its business segments.   Recurring revenues, consisting primarily of colocation, interconnection and managed services were $231.5 million (95.4% of total revenues), a 7% increase over the previous quarter and a 27.6% increase over the same quarter last year. Non-recurring revenues of $11.1 million (4.6% of total revenues), remained almost flat sequentially and 19.6% from the same quarter last year.   Operating Results   Cash gross margins, (defined as gross profit less depreciation, amortization, accretion and stock-based compensation, divided by revenues) for the

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Equinix, Inc. (EQIX) declared that  it will expand ACTIV Financial’s (ACTIV) operations to Equinix's Singapore International Business Exchange (IBX) data center as part of its global expansion to provide customers with the most direct and low latency access to its high-volume market data services. By operating together with Equinix Singapore data center, ACTIV will also be in close proximity to the aggregation service providers and financial market participants already operating within the center, which includes the major trading platforms and exchanges in Asia.   The financial service provider is currently using the Chicago, New York, London and Frankfurt data centers in order to optimize the performance of its data solutions in the U.S. and Europe. It is expected that ACTIV’s installation in the Singapore data center will strengthen its distribution infrastructure across Asia and make the delivery process faster.   Since the volume of automated and algorithmic trading ...

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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Through a recent press release, Equinix Inc. (EQIX) announced that the company, in collaboration with Alcatel-Lucent (ALU), is developing an enhanced solution for the exchange of data traffic between carriers providing Ethernet services.  Equinix will use Alcatel-Lucent’s service router to equip the Equinix Carrier Ethernet Exchange platform in order to deliver high performance global Ethernet services. Equinix is looking to apply its expertise in interconnection for resolving the challenges faced by different carriers planning to enhance their Ethernet services.  Ethernet connection generally provides quality, cost advantage and speed, but is generally provided within a geographical region. The Equinix Carrier Ethernet Exchange platform is different in the sense that it will focus on developing a multi-provider carrier Ethernet interconnection that meets Metro Ethernet Forum standards.  This solution will be delivered through Equinix International Business Exchange (IBX) data centers located across the globe. Additionally, the company ...

Through a recent press release, Equinix Inc. (EQIX) announced that the company, in collaboration with Alcatel-Lucent (ALU), is developing an enhanced solution for the exchange of data traffic between carriers providing Ethernet services. Equinix will use Alcatel-Lucent’s service router to equip the Equinix Carrier Ethernet Exchange platform in order to deliver high performance global Ethernet services.  Equinix is looking to apply its expertise in interconnection for resolving the challenges faced by different carriers with a plan to enhance their Ethernet services. Ethernet connection generally provides quality, cost advantage and speed, but is generally provided within a geographical region. The Equinix Carrier Ethernet Exchange platform is different in the sense that it will focus on developing a multi-provider carrier Ethernet interconnection that meets Metro Ethernet Forum standards. This solution will be delivered through Equinix International Business Exchange (IBX) data centers located across the globe.   Additionally, the company is ...

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 ...

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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