Archive for July, 2006
July 31st, 2006 | 
Author: The Business Journal of Phoenix – July 27, 2006
ON Semiconductor Corp. Thursday announced second-quarter revenue of $375 million compared with $303 million for the same period in 2005.
The company also reported net income of $67.5 million, or 19 cents per share, which included approximately $3.3 million of restructuring, asset impairments and other charges. That’s a considerable jump from second-quarter 2005’s $18.5 million, or 5 cents per share.
“The second quarter was another strong quarter for ON Semiconductor,” said Keith Jackson, president and chief executive. “Our improving mix, new product introductions and cost competitive manufacturing capabilities helped drive record quarterly gross margin percentage, net income and earnings per share.”
Phoenix-based ON Semiconductor (NASDAQ:ONNN) supplies power solutions to engineers, purchasing professionals, distributors and contract manufacturers in the computer, cell phone, portable devices, automotive and industrial markets.
Posted in 
Max Jarman
The Arizona Republic
Jul. 31, 2006 12:00 AM
Freescale Semiconductor Inc. chips are embedded in billions of devices around the world, from automobiles to computer networks to wireless devices. Still, when the company was spun off from Motorola Inc. two years ago, its ability to power itself was uncertain.
Aggressive new management, a revamped product line and an improving semiconductor market have helped make the Austin, Texas-based Freescale a success story.
Earlier this month, Freescale unveiled a new generation memory chip called MRAM that was developed in Chandler and puts the company ahead of its competitors in a race to find more efficient ways to store information. The chip also will be manufactured in Chandler. Read the rest of this entry »
Monday, Jul 31, 2006 8:45 AM ET
IN ANOTHER TROUBLING SIGNAL FOR newspapers and TV news organizations, the Pew Research Center for People and the Press released a new study Sunday indicating more Americans are using the Internet to get their news. One in three Americans now rely regularly on the Internet for accessing news, up from one in 50 ten years ago.Â
Some voted for employer sanctions
Howard Fischer
Capitol Media Services
Jul. 27, 2006 12:00 AM
The state’s largest business lobby is willing to forgive some legislators for supporting penalties on companies that knowingly hire undocumented workers.
But not all those seeking election got a bye.
In its annual list of endorsements, the Arizona Chamber of Commerce and Industry is backing 35 candidates for 60 House seats and 20 contenders for 30 Senate posts. In most cases, an incumbent got the support. Five Democrats are on the endorsement list, all incumbents. Read the rest of this entry »
Catherine Reagor
The Arizona Republic
Jul. 29, 2006 12:00 AM
The former headquarters for The Arizona Republic in downtown Phoenix has sold for $175 million.
San Francisco-based Digital Realty Trust Inc. bought the building at 120 E. Van Buren St.
The firm plans to add 30,000 square feet to the property to accommodate a growing demand for data space in the Phoenix area. Read the rest of this entry »
SCOTTSDALE, Ariz., July 26 /PRNewswire-FirstCall/ — Celtic Cross Ltd. (OTC Bulletin Board: CCRO – News) is pleased to announce today that their e-Commerce website, www.eSavingsStore.com has been completed and successfully launched on the World Wide Web. Completion of the official launch of the website is a second generation expansion of the Company’s existing business direction and Celtic Cross Ltd. has officially changed its name to eSavingsStore.com, Inc. better reflecting the Company’s continued internet growth and expanded direction. The Board of Directors have also approved a 30 – 1 forward split which it hopes will improve the liquidity of its shares. NASDAQ has verbally notified the company that its new symbol will be ESAV on the OTC/BB. Read the rest of this entry »
Three Emerging News Media and Niche Communities Added to the VoiceAmerica(TM) Network Through Business Partnership
PHOENIX, July 27, 2006 /PRNewswire-FirstCall via COMTEX/ — A dynamic business partnership has formed between MagnaBand.Net, a leading internet video news network, and Modavox, Inc. (OTC Bulletin Board: MDVX) utilizing its VoiceAmerica(TM) Network ( http://www.voiceamerica.com ), one of the worlds leading live internet talk-radio operations. Together these two internet media powerhouses combine to bring cutting edge internet streaming audio/video technologies and programming directly into offices and homes of a forecasted 400 million plus hi-speed internet subscribers.
Read the rest of this entry »
Offer to Purchase Outstanding Shares for $22.50 Per Share
   TEMPE, Ariz., July 28 /PRNewswire/ — Steven G. Mihaylo, the founder,former Chairman and Chief Executive Officer and largest shareholder of Inter-Tel (Delaware), Incorporated (Nasdaq: INTL), together with Vector Capital Corporation (”Vector”), announced today that they have resubmitted their offer to the Board of Directors of Inter-Tel to acquire all of the outstanding common shares of the Company, other than shares that Mr.Mihaylo will contribute to the transaction, for $22.50 per share in cash. Read the rest of this entry »
PRIVATE EQUITY NEWS
Northern Dynasty Completes $87.5 Million Financing
Northern Dynasty has been engaged in comprehensive engineering, environmental and socioeconomic studies on the Pebble West deposit since 2004, and is currently expanding this work to include the Pebble East deposit, and create an integrated development plan for the Project
http://www.vfinance.com/invest/invest.asp?ToolPage=vcim_detail.asp&id=6019
Intrepid Learning Solutions Raises $11.7 Million in Financing Led by FTVentures
Intrepid will use the new funding to continue to build its training services business, expanding its innovative, bottom-line focused learning solutions
http://www.vfinance.com/invest/invest.asp?ToolPage=vcim_detail.asp&id=6021
SuiteLinq, Inc. Leaps Forward with Venture Round Financing from Zon Capital Partners
The Company will use the expansion capital to immediately increase market share of its eRoomsuite offering for hotels, consisting of a 32″ LCD HD TV and SuiteLinq(TM), the premier in-room Internet total solution for the gaming, hospitality and extended stay industries
http://www.vfinance.com/invest/invest.asp?ToolPage=vcim_detail.asp&id=6020
by Wendy Davis, Friday, Jul 28, 2006 6:00 AM ET (thanks to MediaPost for this article)
A STATE JUDGE IN ARIZONA has approved a deal that Google struck with search marketers to settle a click-fraud lawsuit for up to $60 million in ad credits and $30 million in attorneys’ fees.
In a written ruling signed Wednesday, Judge Joe Griffin found the deal “fair, reasonable and adequate,” rebuffing objections of lawyers who represent search marketers in another click-fraud case. Read the rest of this entry »
