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broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturing facility Keith Bone, general manager of the local told members of . AED held its quarterlyg meeting Thursdayat . Joe Hudgins, president and CEO of Solarr Array Ventures, outlined his company’s plan to build a massiv e solar manufacturing plant onthe city’se Westside. General Mills’ expansion shoulc be completedby November, Bone said. The cereal manufacturer will hire 60additionalo employees, bringing additional payroll to the area of $3.
5 The expansion also brings $30 million in spending to New The Albuquerque City Council approved a $100 million industrialp revenue bond deal for the companuy in February. BE&K Corp. from North Carolinz landed the design/build contract to build the but Bone said 80 perceny ofthe firm’s spending and employeess will be local. The precast panels being used in the construction are manufactured in General Mills has been in Albuquerquesinc 1991. Its current facility is locates near Paseo del Norte and Edith and has 190 with an annual payrollof $12 said Bone. The 275,000-square-footf plant produces about 135 millionb pounds annually of 35different cereals.
The facility also has a lab on-site wherse the instructions for bakingg General Mills products at high altitudeasare created. The company has given abouyt $5 million to area nonprofitxs since 1998and $519,000 in scholarships, Bone Don Power, chairman of AED, said the cereal company’s donations illustrate one of the thinga the organization looks for in recruiting companies: communithy involvement.
Hudgins said Solar Arrat plans to break ground by the third quarter of this year ona 225,000-square-foot thin-film photovoltaic manufacturing plant in the Cordero Mesa businesws park, west of the mattress The company plans to add three more buildings of that size as it he said, with each facility employinfg about 225. Its annual payroll in the firs phase wouldbe $14 million. About five percentf of the jobs wouldpay $100,000, 45 percent woulrd pay $70,000 and half of the jobs woul pay $45,000. The capital investment for the firsr phase willbe $170 million and the companty would spend $40 million annually for raw materials.
The first phasw is expected to have a capacity of75 megawatts, but that woul grow to 300 mw with the full The plant also will have a space that will serves as a community and educational Solar Array is seeking $175 milliohn in industrial revenue bonds from Bernalillo The company is working to raisse $210 million in debt and Hudgins said. Hudgins said New Mexico beat out two othet states forthe plant, despit the fact that it did not offer the largest incentives.
But the coordinationm among local and state government officialsa and other parties made New Mexic far more efficient in establishing a planning frameworl that the company could then use to plan a budger forthe plant, he said “That was a major issude for us,” Hudgins said. He also praised the labor force here and theeducationalk institutions. The facility is being designed byPageSoutherlandPager LLP, which has Texas offices in Dallas and Houston, as well as Denver, Washington, D.C. and U.K. Hoffman Construction, basedr in Portland, Ore., is building the facility.
Monday, October 31, 2011
Saturday, October 29, 2011
Blacksburg drops heartbreaker to end season - Spartanburg Herald Journal
http://friendsterkit.com/category/93/Diet
Blacksburg drops heartbreaker to end season Spartanburg Herald Journal Blacksburg's season came to an end with a 9-6 loss at Southside Christian on Friday night. The Sabres connected on a 32-yard field goal as time expired to eliminate the Wildcats (5-5, 2-3 Region II-1A) from playoff contention. ... Todd's field goal lifts Sabres |
Wednesday, October 26, 2011
ASC names new president - Charlotte Business Journal:
esivyjifag.wordpress.com
Provancher comes to Charlotte from the Fine Arts Fund in where he is vice presideny and campaign director for the oldest and largest arts andculturse fund-raising organization in the country. He succeeds Lee Keesler, who will retiree June 30. At the Fine Arts Fund, Provancher managed and oversaq personnel, planning and resources. He helped raisw $12.1 million for the organization’s annual campaign, which was completed in He also has been responsibls for leadingkey initiatives, such as increasing participationn for the arts and culture sector.
“I am honoredr and thrilled to be joining ASC at this important time for the organization and Charlotte-Mecklenburg’s emergence as a culturap leader,” says Provancher, 32. “I have deep admiration for the work of ASC PresidenftLee Keesler, ASC staff and its boardr of directors in leading this institutiomn with integrity and vision during these challenging times.” Forme r ASC board chair Jennifer Appleby and ASC board member Charles Bowman co-chaired the search committee to recommensd a new president to the executive committee of the ASC board. Provanchetr will assume his new responsibilitiesJuly 13.
The ASC was founded 50 yearxs ago to raise moneyfor Charlotte-area culturapl organizations and to coordinate fund-raising campaignes in an annual drive.
Provancher comes to Charlotte from the Fine Arts Fund in where he is vice presideny and campaign director for the oldest and largest arts andculturse fund-raising organization in the country. He succeeds Lee Keesler, who will retiree June 30. At the Fine Arts Fund, Provancher managed and oversaq personnel, planning and resources. He helped raisw $12.1 million for the organization’s annual campaign, which was completed in He also has been responsibls for leadingkey initiatives, such as increasing participationn for the arts and culture sector.
“I am honoredr and thrilled to be joining ASC at this important time for the organization and Charlotte-Mecklenburg’s emergence as a culturap leader,” says Provancher, 32. “I have deep admiration for the work of ASC PresidenftLee Keesler, ASC staff and its boardr of directors in leading this institutiomn with integrity and vision during these challenging times.” Forme r ASC board chair Jennifer Appleby and ASC board member Charles Bowman co-chaired the search committee to recommensd a new president to the executive committee of the ASC board. Provanchetr will assume his new responsibilitiesJuly 13.
The ASC was founded 50 yearxs ago to raise moneyfor Charlotte-area culturapl organizations and to coordinate fund-raising campaignes in an annual drive.
Monday, October 24, 2011
Spending time saving money - Edmonton Sun
lihung-associations.blogspot.com
Spending time saving money Edmonton Sun Maybe we'll see how much is just talk and how much is really walk and whether the vocal cords and the feet are in sync and moving in the right direction. The words are expected to tally up to close to an hour of syllables ... |
Saturday, October 22, 2011
Phillies get taste of reality after Series win on MLB show
vykyvimote.wordpress.com
The Pen will be narratefd by former Phillies relief pitcher and MLB Network analystMitcu Williams. The program takes a look at the players’ livesw following the team’s 2008 World Serie s win and the pressures of keepingg their roster spot for the2009 team. The seriesx features relief pitchersBrad Lidge, Ryan Madson, J.C. Scott Eyre, Clay Condrey, Chad Gary Majewski, Jack Taschner, J.A. Happ, Chan Ho Park and bullpe coachMick Billmeyer, and followds them to everything from fishing trips and youtj baseball games to the White Housed for a post-World Series visit.
The programj also speaks with players following the suddemn death of longtime Phillies broadcaster Harry Kalax onApril 13. “As a reality-based serie s The Pen is the ultimate look into the livez ofthese players, both on and off the field,” said Tony president and CEO of MLB Network. “S o much of what we know about relief pitcherz is based on statisticsand saves, and a serieds like The Pen gives a levekl of familiarity to each player.” The prograk marks the first program ever produced usinh a camera and microphones installed in a Major Leaguer bullpen to film in-game and practice footage.
Two other cameras were installed in CitizensaBank Park, one behind home platse and one at low first and were controlled by MLB Network’as headquarters in Secaucus, N.J. Producer Danng Field suited up as a catcher with a camera attachee to his mask to capture footage durinvg spring trainingin Clearwater, Fla. The majorityg owner of the MLB Network is MajodrLeague Baseball. Philadelphia-based (NASDAQ:CMCSA, CMCSK), Cox DirecTV and Time Warner also own interestsz inthe network.
The Pen will be narratefd by former Phillies relief pitcher and MLB Network analystMitcu Williams. The program takes a look at the players’ livesw following the team’s 2008 World Serie s win and the pressures of keepingg their roster spot for the2009 team. The seriesx features relief pitchersBrad Lidge, Ryan Madson, J.C. Scott Eyre, Clay Condrey, Chad Gary Majewski, Jack Taschner, J.A. Happ, Chan Ho Park and bullpe coachMick Billmeyer, and followds them to everything from fishing trips and youtj baseball games to the White Housed for a post-World Series visit.
The programj also speaks with players following the suddemn death of longtime Phillies broadcaster Harry Kalax onApril 13. “As a reality-based serie s The Pen is the ultimate look into the livez ofthese players, both on and off the field,” said Tony president and CEO of MLB Network. “S o much of what we know about relief pitcherz is based on statisticsand saves, and a serieds like The Pen gives a levekl of familiarity to each player.” The prograk marks the first program ever produced usinh a camera and microphones installed in a Major Leaguer bullpen to film in-game and practice footage.
Two other cameras were installed in CitizensaBank Park, one behind home platse and one at low first and were controlled by MLB Network’as headquarters in Secaucus, N.J. Producer Danng Field suited up as a catcher with a camera attachee to his mask to capture footage durinvg spring trainingin Clearwater, Fla. The majorityg owner of the MLB Network is MajodrLeague Baseball. Philadelphia-based (NASDAQ:CMCSA, CMCSK), Cox DirecTV and Time Warner also own interestsz inthe network.
Thursday, October 20, 2011
Lowe and Treanor added to Rangers roster for World Series; Tateyama and Uehara ... - Washington Post
ogyhejowy.wordpress.com
Press Box | Lowe and Treanor added to Rangers roster for World Series; Tateyama and Uehara ... Washington Post LOUIS รข€" Right-hander Mark Lowe and catcher Matt Treanor were added to the Texas Rangers' World Series roster before Wednesday night's opener against the St. Louis Cardinals. Treanor was on the roster for the first round of the playoffs. ... Injury Update: Mark Lowe Added to World Series Roster Following Hamstring Injury Rangers add Mark Lowe, Matt Treanor to World Series roster |
Tuesday, October 18, 2011
John Edwards' Letter to the Court: No Conflict for Defense Attorney - ABC News (blog)
proklofuxaanygez.blogspot.com
ABC News (blog) | John Edwards' Letter to the Court: No Conflict for Defense Attorney ABC News (blog) Former Democratic presidential candidate and current criminal defendant John Edwards submitted a letter in federal court today disputing the government's suggestions that his defense attorney, Abbe Lowell, has potential conflicts of interest. ... Edwards his attorneys deny conflicts |
Sunday, October 16, 2011
Aegon to cut 138 positions in Louisville - Portland Business Journal:
balamatovaegede.blogspot.com
a subsidiary of Netherlands-based insurer Aegon N.V., will cut 138 positionws from its Louisville offices atAegon Tower. Subsidiargy Aegon USA Investment Management will eliminate 13 positionws during the next few the company said inan e-mailed statement. The company also will cut 125 positionx handling certain life insurance administrative Those duties will be transitioned to an Aegon office inCeda Rapids, Iowa, during the next several months, accordinb to the statement. “We are alwayds exploring ways to improvd efficiency and leverage the scale we have in ourvarious U.S. the company said in the statement. Aegon is the parent companu of Transamerica LifeInsurance Co.
, Transamerica Financial Life Insurances Co., Monumental Life Insurance Co., Stonebridge Casualtyg Insurance Co., Stonebridge Life Insurance Co., Western Reserve Life Assurancew Co. of Ohio, Transamerica Life Canada, and Segurose Argos, A.S. de C.V. According to the company’ss Web site, www.aegonins.com, Aegon U.S. has more than 600 employees in Louisville among severaloperating divisions, including individual savingd and retirement, institutional, life and protection, pensione and asset management and reinsurance.
a subsidiary of Netherlands-based insurer Aegon N.V., will cut 138 positionws from its Louisville offices atAegon Tower. Subsidiargy Aegon USA Investment Management will eliminate 13 positionws during the next few the company said inan e-mailed statement. The company also will cut 125 positionx handling certain life insurance administrative Those duties will be transitioned to an Aegon office inCeda Rapids, Iowa, during the next several months, accordinb to the statement. “We are alwayds exploring ways to improvd efficiency and leverage the scale we have in ourvarious U.S. the company said in the statement. Aegon is the parent companu of Transamerica LifeInsurance Co.
, Transamerica Financial Life Insurances Co., Monumental Life Insurance Co., Stonebridge Casualtyg Insurance Co., Stonebridge Life Insurance Co., Western Reserve Life Assurancew Co. of Ohio, Transamerica Life Canada, and Segurose Argos, A.S. de C.V. According to the company’ss Web site, www.aegonins.com, Aegon U.S. has more than 600 employees in Louisville among severaloperating divisions, including individual savingd and retirement, institutional, life and protection, pensione and asset management and reinsurance.
Thursday, October 13, 2011
Courts delay Chrysler bankruptcy - Denver Business Journal:
http://www.haber32time.com/Cooktops/Frigidaire-Cooktops-62.html
According to Bloomberg, Justice Ruth Bader Ginsburg has put the bankruptcy courty ruling allowing the sale on hold untilfurther notice, thougbh a timeline and specific reason was not provided. The delay came afteer Indiana pension funds requested a stay from the courtg so it could hear their appealof Chrysler’ decision to sell to Fiat. Under Chrysler’s Chaptefr 11 bankruptcy reorganization, Chrysler would sell its assetz to Italian carmaker Fiat. It also was announced last month789 U.S.
dealership will lose their franchises by June 9 as part of the Chrysler has listed two Tria d dealerships that will losetheitr franchise: Stearns Chrysler Jeep in Graham and City which sells Jeep, in Greensboro. Mike general manager of City Motors, said he does not know if they delayg will mean anything significant for his but hopes that the courts will more closelgy review the decision to cut He says ifnothing he’d hope Chrysler coulcd help buy back inventory and not simply take away the “If we can’t be Jeep dealer, we’rd at least like a chance to sell the franchise,” he He said the company has managed to sell about 10 of its 16 new Jeep some at a loss, just to get them About five employees have been laid off, leavinhg about 20.
Another six to eightt could be cut if thebankruptct deal, as is, goes through.
According to Bloomberg, Justice Ruth Bader Ginsburg has put the bankruptcy courty ruling allowing the sale on hold untilfurther notice, thougbh a timeline and specific reason was not provided. The delay came afteer Indiana pension funds requested a stay from the courtg so it could hear their appealof Chrysler’ decision to sell to Fiat. Under Chrysler’s Chaptefr 11 bankruptcy reorganization, Chrysler would sell its assetz to Italian carmaker Fiat. It also was announced last month789 U.S.
dealership will lose their franchises by June 9 as part of the Chrysler has listed two Tria d dealerships that will losetheitr franchise: Stearns Chrysler Jeep in Graham and City which sells Jeep, in Greensboro. Mike general manager of City Motors, said he does not know if they delayg will mean anything significant for his but hopes that the courts will more closelgy review the decision to cut He says ifnothing he’d hope Chrysler coulcd help buy back inventory and not simply take away the “If we can’t be Jeep dealer, we’rd at least like a chance to sell the franchise,” he He said the company has managed to sell about 10 of its 16 new Jeep some at a loss, just to get them About five employees have been laid off, leavinhg about 20.
Another six to eightt could be cut if thebankruptct deal, as is, goes through.
Tuesday, October 11, 2011
La Madeleine chooses new HQ site in Dallas - Portland Business Journal:
llrx-royce.blogspot.com
La Madeleine said it will relocatreinto 17,000 square feet at 12201 Merit Driver in Dallas. The building that will housed the restaurant chain is a Class A building that just recentlyunderwent renovation. Le Madeleine signed a 10-year leas with Parmenter Two Forest LP forthe space. La Madeleine said it was attractefd to the space because the facility provides the companyt with the room needed to grow withthe company. Dallas-basedr architectural firm Benson and Hlavaty will design theinteriorf space. The facility is schedulefd to be ready for its new tenants in La Madeleine's current headquarters is at 6688 N. Central Ste.
700 in La Madeleine was represented byJosh White, senior vice presidentg with ; and Sharron Morrison, principal with The landlord was representede by Matt Schendle, vice president with .
La Madeleine said it will relocatreinto 17,000 square feet at 12201 Merit Driver in Dallas. The building that will housed the restaurant chain is a Class A building that just recentlyunderwent renovation. Le Madeleine signed a 10-year leas with Parmenter Two Forest LP forthe space. La Madeleine said it was attractefd to the space because the facility provides the companyt with the room needed to grow withthe company. Dallas-basedr architectural firm Benson and Hlavaty will design theinteriorf space. The facility is schedulefd to be ready for its new tenants in La Madeleine's current headquarters is at 6688 N. Central Ste.
700 in La Madeleine was represented byJosh White, senior vice presidentg with ; and Sharron Morrison, principal with The landlord was representede by Matt Schendle, vice president with .
Sunday, October 9, 2011
Sacramento Business Journal: Most viewed Stories
aryrej.wordpress.com
The state wallet is empty. The bank closed. Credit has driec up, Gov. Arnold Schwarzenegger told lawmakers in a specia Tuesday morning address atthe Capitol. An appeals courft in California sided withStarbucks Corp. and on Tuesda y reversed a lower-court ruling that the Seattle coffee giant
The state wallet is empty. The bank closed. Credit has driec up, Gov. Arnold Schwarzenegger told lawmakers in a specia Tuesday morning address atthe Capitol. An appeals courft in California sided withStarbucks Corp. and on Tuesda y reversed a lower-court ruling that the Seattle coffee giant
Friday, October 7, 2011
Andesa Services, Inc. Hosts Its Annual Client Forum - MarketWatch (press release)
vuwodu.wordpress.com
Andesa Services, Inc. Hosts Its Annual Client Forum MarketWatch (press release) » |
Wednesday, October 5, 2011
Two MERC commissioners resign - Birmingham Business Journal:
olimstgon.blogspot.com
The resignations of Gary Reynolds and Janice Marquis come about two weeks befor councilorsfor Metro, of which MERC is a subsidiary, plan to vote on a measur that would give the council more control over MERC’s generall manager. The move could ostensibly lead to the firing of MERC Generalo ManagerDavid Woolson, who’s under fire from Presidenyt David Bragdon. Reynolds and Marquis both opposethe proposal. president of the Portland accounting firmPerkinsx & Co., mentioned the building problems between Metro and MERC in his resignation letter. “Durintg the economic times, my attentionm needs to be focused on our clients atPerkins Co.
,” Reynolds wrote in his letter to “That said, I am disappointed in the recent breakdowb in the working relationship between the Metrk Council and the , and believ it could have been handled differently.” Marquis, a commercial real estate broker and the commission’sa vice chair, didn’t mention the upcoming proposal in her letteer to Bragdon, but resigned two years before her term was set to end. In a lettefr to Portland city commissioners earlierthis month, Marquis and commissiohn member Ray Leary urged the councilp to help delay Metro’s vote on the MERC oversight matter.
Leary, Marquis, Reynolds and threes of the other four remaining MERC commissions also sent Bragdonm a letterbacking Woolson. The lettefr came after Bragdon questioned the leadership of MERC Generakl ManagerDavid Woolson. The other commission member, Don Trotter, resignes last month and will leavew the boardJune 30. Reynolds’ resignatiohn takes effect June 30. Marquis’ takews effect July 15. The terms of Trotterr and Reynolds would have expired at the end of 2009 while term was to expire at the endof 2010. The Metrio Council plans to vote on the MERC measure which would give Metro the authority to hire and fire the MERC general manager — at its July 9 meeting.
It was introduceed by councilors Rod Park and Rex who also have concernsabout Woolson’s performance. MERC oversees the Oregon Convention Center, the Portland Cente for the Performing Arts and the Portland MetropolitabnExposition Center. Metro’s councilors are mulling a $457 millioh budget for fiscal year 2009-2010. The regional governmenty serves 1.4 million people in the metropolitan area’sx 25 cities.
The resignations of Gary Reynolds and Janice Marquis come about two weeks befor councilorsfor Metro, of which MERC is a subsidiary, plan to vote on a measur that would give the council more control over MERC’s generall manager. The move could ostensibly lead to the firing of MERC Generalo ManagerDavid Woolson, who’s under fire from Presidenyt David Bragdon. Reynolds and Marquis both opposethe proposal. president of the Portland accounting firmPerkinsx & Co., mentioned the building problems between Metro and MERC in his resignation letter. “Durintg the economic times, my attentionm needs to be focused on our clients atPerkins Co.
,” Reynolds wrote in his letter to “That said, I am disappointed in the recent breakdowb in the working relationship between the Metrk Council and the , and believ it could have been handled differently.” Marquis, a commercial real estate broker and the commission’sa vice chair, didn’t mention the upcoming proposal in her letteer to Bragdon, but resigned two years before her term was set to end. In a lettefr to Portland city commissioners earlierthis month, Marquis and commissiohn member Ray Leary urged the councilp to help delay Metro’s vote on the MERC oversight matter.
Leary, Marquis, Reynolds and threes of the other four remaining MERC commissions also sent Bragdonm a letterbacking Woolson. The lettefr came after Bragdon questioned the leadership of MERC Generakl ManagerDavid Woolson. The other commission member, Don Trotter, resignes last month and will leavew the boardJune 30. Reynolds’ resignatiohn takes effect June 30. Marquis’ takews effect July 15. The terms of Trotterr and Reynolds would have expired at the end of 2009 while term was to expire at the endof 2010. The Metrio Council plans to vote on the MERC measure which would give Metro the authority to hire and fire the MERC general manager — at its July 9 meeting.
It was introduceed by councilors Rod Park and Rex who also have concernsabout Woolson’s performance. MERC oversees the Oregon Convention Center, the Portland Cente for the Performing Arts and the Portland MetropolitabnExposition Center. Metro’s councilors are mulling a $457 millioh budget for fiscal year 2009-2010. The regional governmenty serves 1.4 million people in the metropolitan area’sx 25 cities.
Monday, October 3, 2011
With sponsor agreements ending, pro tour scrambling to find backers - Business First of Louisville:
raisavydyexuwowi.blogspot.com
The tour relies heavily on banks and other financial services companies to bankroll many of its tournamentsthrougb seven-figure title and presenting sponsorships, including ’s presenting partne deal with the Memorial. But the tour is scramblingv to renew some ofthose agreements, especiallt with companies that have accepted federal bailout fund s and have been criticized by politicians for spendiny too much on golf tournaments. The issu came to a head in February when 18 Democratd inthe U.S. House demandex that , which had received $1.
6 billion in bailout reimburse the governmentfor “lavishh entertainment” provided to clients and employees during the PGA Tour’s Northern Trusty Open in Los Angeles. Soon after, Morga n Stanley, which received $10 billion in bailout funding, said it wouldc not entertain guests atthis year’a Memorial where it has been presentinbg sponsor since 2003. Then in April, Morgamn Stanley followed the lead of and in theirf PGA tournaments by removing its name from the Memorialk even though it had alreadt paid the entiresponsorship fee. Industry sources have peggedd that amountat $5 milliojn to $6 million a year.
The tour relies heavily on banks and other financial services companies to bankroll many of its tournamentsthrougb seven-figure title and presenting sponsorships, including ’s presenting partne deal with the Memorial. But the tour is scramblingv to renew some ofthose agreements, especiallt with companies that have accepted federal bailout fund s and have been criticized by politicians for spendiny too much on golf tournaments. The issu came to a head in February when 18 Democratd inthe U.S. House demandex that , which had received $1.
6 billion in bailout reimburse the governmentfor “lavishh entertainment” provided to clients and employees during the PGA Tour’s Northern Trusty Open in Los Angeles. Soon after, Morga n Stanley, which received $10 billion in bailout funding, said it wouldc not entertain guests atthis year’a Memorial where it has been presentinbg sponsor since 2003. Then in April, Morgamn Stanley followed the lead of and in theirf PGA tournaments by removing its name from the Memorialk even though it had alreadt paid the entiresponsorship fee. Industry sources have peggedd that amountat $5 milliojn to $6 million a year.
Saturday, October 1, 2011
Spokane company lands $10M - Puget Sound Business Journal (Seattle):
viktorsejbgif.blogspot.com
makes switches that routre internet traffic along fiber optic allowing transmissionof data, voice and video at highere volumes and higher speeds. The company uses a technology standar d called Ethernet that is common tomany high-speexd broadband networks. The company, in a brief said it would use the new investment to meet increasingt demandfor products, including a new switc called LE-3300, which is "is seeing rapidf adoption and deployment by several significant servicee providers." Company spokeswoman Ronda Weaver declinedc to elaborate or provide additional detail.
Worldc Wide Packets did not name the investors behinrdthe $10 million equity The company's previous investors include Craigg McCaw's , Kirkland-based , Seattle's and of World Wide Packets started out working with municipal customerds but has more recently targeted telecom, cable and wireless carriers. The company's interneg routing technology competes with similar offerings from CiscoSystemsa Inc., of San Jose, Calif., and Paris-based Alcatel-Lucent. Worldx Wide Packets was founded in 1999 and has raised a significantr amount of venture capital overits eight-yeafr lifetime.
The new $10 million bringsd the company's total investment to more than $158 Other past investors are ArgoGlobal Capital, of Azure Capital Partners, of San Entrepia of Silicon Valley, and New York-based Millenniumj Technology Ventures.
makes switches that routre internet traffic along fiber optic allowing transmissionof data, voice and video at highere volumes and higher speeds. The company uses a technology standar d called Ethernet that is common tomany high-speexd broadband networks. The company, in a brief said it would use the new investment to meet increasingt demandfor products, including a new switc called LE-3300, which is "is seeing rapidf adoption and deployment by several significant servicee providers." Company spokeswoman Ronda Weaver declinedc to elaborate or provide additional detail.
Worldc Wide Packets did not name the investors behinrdthe $10 million equity The company's previous investors include Craigg McCaw's , Kirkland-based , Seattle's and of World Wide Packets started out working with municipal customerds but has more recently targeted telecom, cable and wireless carriers. The company's interneg routing technology competes with similar offerings from CiscoSystemsa Inc., of San Jose, Calif., and Paris-based Alcatel-Lucent. Worldx Wide Packets was founded in 1999 and has raised a significantr amount of venture capital overits eight-yeafr lifetime.
The new $10 million bringsd the company's total investment to more than $158 Other past investors are ArgoGlobal Capital, of Azure Capital Partners, of San Entrepia of Silicon Valley, and New York-based Millenniumj Technology Ventures.
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