Excerpts: “Zeglis the Zealot.” The AT&T Wireless network, jammed to capacity, struggles to keep the number of blocked calls under 6 million a day or 180 million a month. Add calls that are connected but then dropped and the botch rate is even higher. This, despite AT&T’s having spent $8.7 billion in two years on […]
Excerpt: Global Crossing slides on lawsuit news Global Crossing alleges Tyco stole trade secrets to develop a rival business building and operating undersea fiber-optic telecommunication networks. The lawsuit, filed in the United States District Court for the Southern District of New York, is seeking damages in excess of $1 billion. The complaint alleges “tortious conduct
Michael Spindler updates Leo Hindery
Deepak Moorjani recently visited you in New York to provide an update on Upstart Capital. It must be hard for you to stay focused and positive following the terrible events in the city. My thoughts are with the people in New York. I wanted to provide my sense of where we are with Upstart given
Excerpt: Bass Family, in Need of Money, Forced to Sell 6.4% of Disney Sid Richardson Bass and Lee Marshall Bass, brothers who parlayed an oil inheritance into fortunes estimated last year at more than $4 billion each, and their father, Perry Richardson Bass, have sold 135 million shares of Disney stock to shore up their
Excerpt: Redpoint Ventures struggling to crank out results In 1999, Geoff Yang and a fraternity of five others — male, relatively young and most with Stanford, Harvard or Princeton degrees — founded Redpoint Ventures with great expectations. They hoped to leverage their reputation as a dream team of venture capitalists — a status they’d gained
Excerpts: Global Crossing Ltd, Exhibits
Excerpts: Global Crossing Ltd, Exhibits 10.39 Employment Agreement dated as of December 5, 1999 between the Registrant and Leo J. Hindery, Jr. (incorporated by reference to Exhibit 10.33 to the Registrant’s Annual Report on Form 10-K filed on March 16, 2000). 10.40 Clarification letter dated April 17, 2000, relating to the Employment Agreement dated as
CalPERS Flexes Its Venture Capital Muscles
The harsh fundraising climate facing venture capital firms could be a great opportunity for CalPERS, which manages a whopping $170 billion in retirement assets on behalf of California’s public employees. Indeed, at a time when some pension funds are reducing their allocation to venture funds, CalPERS is increasing its exposure to venture investments. Earlier this
Excerpts: GT Group Telecom, Form F-1. We used substantial capital to fund our acquisitions of the businesses of Shaw FiberLink and Videon FiberLink, our acquisition of the Cable Atlantic competitive local exchange carrier and commercial telecommunications operations and our acquisitions from 360networks, and will have significant capital expenditures, working capital, debt service and cash flow
Excerpts: Global Crossing Form 10-K, filed on February 04, 2001 2.12 Agreement and Plan of Merger among Exodus Communications, Inc., Einstein Acquisition Corp., Global Crossing GlobalCenter Holdings, Inc., GlobalCenter Holding Co., GlobalCenter Inc., and Global Crossing North America, Inc., dated as of September 28, 2000 (incorporated by reference to the Registrant’s Current Report on Form
An introduction to Upstart Capital, a venture capital fund
Upstart Capital is a Silicon Valley-based venture capital fund. The principals of Upstart include Aymerik Renard (France Telecom’s U.S. venture capitalist), Michael Spindler (former Apple CEO) and Deepak Moorjani (The Lodestar Group). Upstart was launched in late 1999 with an investor base including Sumitomo Corporation, France Telecom, Societe Generale, the partners of two multi-billion dollar
An introduction to Upstart Capital, a venture capital fund Read More »