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 […]
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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
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
Excerpts: Global Crossing’s 10-K. In January 2001, we sold our GlobalCenter web hosting business to Exodus Communications, Inc. for 108.2 million Exodus common shares, representing approximately 20.0% of its outstanding shares at the effective time of the merger. As of that date, the value of the transaction was approximately $1.95 billion. As part of the
Excerpts: “Global Crossing’s Recurring Adjusted EBITDA up 91%, Cash Revenue up 46%, from Third Quarter of 1999, Pro Forma for M&A Activity.” Results for continuing operations exclude Global Crossing’s incumbent local exchange carrier business (ILEC), which the Company has agreed to sell to Citizens Communications for an estimated $3.65 billion in cash. GlobalCenter, which the
Excerpts: Global Crossing Ltd. Form 10-K, Exhibit 4.5 (“Am No. 1 to Corporate Credit Facility”) AMENDMENT NO. 1 dated as of October 16, 2000 among GLOBAL CROSSING LTD., a Bermuda corporation (“Limited”), GLOBAL CROSSING HOLDINGS LTD., a Bermuda corporation (“GCHL”), GLOBAL CROSSING NORTH AMERICA, INC., a New York corporation (“GCNA” and, together with GCHL, the
Excerpts: Global Crossing’s 8-K. On October 11, 2000, the Board of Directors of the Registrant named Thomas J. Casey as Chief Executive Officer. Mr. Casey is also a director of the Registrant and a member of its Office of the Chairman, and had been Vice Chairman of the Registrant prior to his appointment as CEO.
Excerpts: “Global Crossing’s Leo Hindery for Hire: Quits After Just 10 Mos.” A year later, he repeated the fix-and-flip process at Global Crossing by packaging its fiber optic Internet pipelines and selling them to Exodus Communications for $6.1 billion. That gave Hindery a profit of $205 million for his 10 months of work there. Global
Excerpt: “Global Crossing: CEO Leo Hindery is Out, Thomas Casey is In” Leo Hindery, former head of AT&T Corp.’s cable television operations, had only been at the job seven months. He joined Global Crossing last December and succeeded former CEO Bob Annunziata in March. But in the past few months, Global Crossing stock has tumbled