The driving philosophy of corporate America used to be based on the principle of in-house development. If it wasn’t made in-house, companies simply weren’t interested. Companies wanted things over which they had full control, and from which they could enjoy 100% of the profits. Total independence. Total control. If a good idea came along that wasn’t developed in-house, the temptation was to find some way to tweak it and claim that it was developed in-house.

All of this led to some pretty nasty lawsuits. One of the best known cases, popularized in the movie Flash Of Genius, was that of Robert Kearns. Kearns was a Detroit engineer who developed the electronic intermittent windshield wiper for automobiles, getting his first patent for it in 1967. When he failed to get the major automakers to buy his idea and then saw them come

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Affiliated Computer Services, Inc. (ACS) reported pro forma earnings of 95 cents per share, an increase of 6 cents per share from the same quarter a year ago and beating the Zacks Consensus Estimate by a penny. Total revenue increased 5% to $1.68 billion from the year-ago quarter, including internal revenue growth of 2%. The increase in revenue was driven by strength in both the Commercial and Government segments. The Commercial segment contributed 61% of revenues and grew 6% year over year, with internal growth of 2%. The Government segment contributed 39% of revenues and grew 2%, all of which were from internal growth. Adjusted non-GAAP operating income was $162 million or 9.7% of total revenue in the quarter compared to $178 million or 11.1% of total revenue in the year-ago period. Operating income was negatively affected by deferred compensation costs of approximately $9 million ...

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Tuesday October 20, 2009

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Cavitation Technologies, Inc.  (OTC Bulletin Board: CVAT) has signed Miura Engineering Co., Ltd. Tokyo, Japan (www.miura21.co.jp) as its new agent to serve markets in Japan for CTI’s Nano-Cavitation Process Systems. Miura is a leading Engineering Company specialized in Edible Oil Processing Plants in the Far East.

Speakeasy (www.speakeasy.net), a Best Buy company (NYSE: BBY), today introduced EasyVoice® Mobile for iPhone(TM), published by JNSoftware LLC. EasyVoice Mobile brings the savings and flexibility of Speakeasy Hosted Voice

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U.S. stocks broke a three-day slide and rose more than 1% Monday as a fresh round of strategic corporate deal-making spurred hopes that normalcy is returning to the financial system.  The multi-billion dollar merger announcements signaled a resurrection in merger activity and investors picked up stocks. 

The Dow Jones industrial average jumped 124 points, or 1.3% and the broader S&P 500 index rallied 19 points, or 1.8% and the Nasdaq composite index advanced 40 points, or 1.9%.  The share gains were broad based with 28 of the 30 Dow components advancing.  On the New York Stock Exchange, four stocks rose for each one that declined in price.  Only 978 million shares exchanged hands on the NYSE.  Trading was light due to the Jewish holiday of Yom Kippur.     

In a spate of big corporate merger announcements, Abbott Labs (NYSE:ABT) said it will pay $6.5 billion for Solvay's pharmaceutical business, and

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Another Monday… Another “Game-Changing” Deal

by Martin Denholm, Senior Editor

Monday is Merge Day.

A few weeks ago, the market saw the busiest day of deal-making in three months, as the news-wires lit up with news of several big takeover announcements, including Walt Disney (NYSE: DIS) buying Marvel (NYSE: MVL).

It happened again the following week. In fact, over a 10-day period, more than $40 billion worth of deals were announced.

And even as the third quarter winds down, the pace is still frenetic in the M&A market.

Today saw technology equipment firm Xerox (NYSE: XRX) announce a $6.4 billion deal to buy Affiliated Computer Services (NYSE: ACS) – its biggest acquisition on record.

Xerox investors greeted the news with a collective “ugh,” as shares of the photocopying and business supplies giant spiraled down by 17%. While perhaps

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Monday September 28, 2009

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XRX, PWRM, ABT, CSRH, CMCSA, CVAT, FMCN

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XRX, Xerox Corp.

XRX engages in the development, manufacture, marketing, servicing, and financing of document equipment, software, solutions, and services worldwide.

XRX said Monday it will buy Affiliated Computer Services Inc. for $6.4 billion in cash and stock to create a $22 billion business that combines XRX’s copiers, printers and document management services with the “business process outsourcing” of Dallas-based ACS., joining the expensive race among technology companies to broaden their offerings.

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PWRM, Power 3 Medical Products Inc, PWRM.OB

Power3 Medical Products, Inc. is a leading bio-medical company engaged in

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• Xerox (NYSE:XRX) is buying Affiliated Computer Services (NYSE:ACS) for $6.4 billion or $63.11 per share, equaling $18.60 in cash plus 4.935 Xerox shares for each ACS share owned.

• Johnson & Johnson (NYSE:JNJ) said they have purchased 18.1% of Crucell (NASDAQ:CRXL) for $440 million, a 30% premium to Friday's close.

• Kraft Foods (NYSE:KFT) is likely to launch a hostile bid for Cadbury (NYSE:CBY), in a deal worth $17.6 billion, as the London Observer noted.

• Toyota Motor (NYSE:TM) increased its global sales projection for 2009 by 3% to 6.7 million cars.

Zacks Investment Research

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Monday September 28, 2009

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Xerox Corporation (NYSE: XRX) and Affiliated Computer Services, Inc. (NYSE: ACS) today announced a definitive agreement for Xerox to acquire ACS in a cash and stock transaction valued at $63.11 per share or $6.4 billion as of the closing price of Xerox stock on Sept. 25. This acquisition will transform Xerox into the leading global enterprise for document and business process management, and will accelerate its growth in an expanding market.

Cover-All Technologies Inc. (OTC Bulletin Board: COVR),

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Friday September 11, 2009

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How Cummins Inc. (NYSE:CMI) and its Chinese customers cooperate in developing and using clean power was highlighted this week during a visit from Indiana Gov. Mitch Daniels, who is leading an Indiana delegation on a six-day visit to China. The governor was joined by representatives from the Zhejiang provincial government, technical officer of Hangzhou Public Transit Group (HZPT) and Steve Chapman, Group Vice President of Cummins.

Genzyme Corporation (Nasdaq: GENZ) reported today that four-year follow-up data from its completed Phase 2 multiple sclerosis (MS) trial continued to show durable reductions in relapse rate and sustained

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Wednesday September 2nd, 2009

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Xilinx, Inc. (Nasdaq: XLNX) today announced China Electronics News (CEN) honored Xilinx Targeted Design Platforms with the “2009 Best FPGA Product Award” at the 2009 China FPGA Industry Development Forum held in Chengdu, August 28, 2009. The award recognizes the outstanding advantages of the platforms in helping designers greatly reduce development

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