Cloud Computing Deal with Verizon and Terremark Creates Top Trader for Investors
POINT ROBERTS, Wash., January 28th 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on late morning trading on the NASDAQ.com.
The top gainers include: CHMP, TMRK, ARAY, OPLK.
Trading Close-Up
Company Last Sale* Change Net / %
CHMP Champion Industries, Inc. trading at $ 2.12 0.77, up 57.04%
TMRK Terremark Worldwide, Inc. trading at $ 18.96 4.91 34.95%
ARAY Accuray Incorporated trading at $ 8.431 1.57 22.90%
OPLK Oplink Communications, Inc. trading at $ 23.45, trading up 4.13 21.38%
Market Snapshot (at time of release)
Dow 11,847.51 -142.32 -1.19%
Nasdaq 2,692.78 -62.50 -2.27%
S&P 500 1,280.92 -18.62 -1.43%
10 Yr Bond (%) 3.3330% -0.0520
Oil 89.42 +3.78 +4.41%
Gold 1,341.90 +23.50 +1.78%
Company Snapshot: Cloud Computing Stocks
Terremark Worldwide TMRK is a leading global provider of IT infrastructure services
delivered on the industry's most robust and advanced technology platform. Leveraging data
centers in the United States, Europe and Latin America with access to massive and diverse
network connectivity, Terremark delivers government and enterprise customers a comprehensive
suite of managed solutions including managed hosting, colocation, disaster recovery, security,
data storage and cloud computing services. Terremark's Enterprise Cloud computing architecture
delivers the agility, scale and economic benefits of cloud computing to mission-critical enterprise
and Web 2.0 applications and its DigitalOps(R) service platform combines end-to-end systems
management workflow with a comprehensive customer portal. More information about Terremark
Worldwide can be found at www.Terremark.com.
Recent news: Cloud Computing Stocks; Verizon to Acquire Terremark, Boosting Cloud Strategy
through Powerful Unified Enterprise IT Delivery Platform
Acquisition Will Accelerate 'Everything as-a-Service' Strategy by Leveraging the Companies'
Collective Strengths
Wholly Owned Subsidiary to Retain Terremark Name, Extend Leadership in Rapidly Evolving
Global Cloud Services Market
NEW YORK and MIAMI, Jan. 27, 2011 ( www.investorideas.comnewswire ) In a move that will
decisively reshape the rapidly evolving global business technology solutions market, Verizon
Communications Inc. (NYSE, Nasdaq: VZ) and Terremark Worldwide Inc. TMRK today
announced a definitive agreement under which Verizon will acquire Terremark, a global provider
of managed IT infrastructure and cloud services, for $19.00 per share in cash, or a total equity
value of $1.4 billion.
Pursuant to the agreement, Verizon anticipates that it will commence a tender offer between
Feb. 10, 2011, and Feb. 17, 2011, for all shares of common stock of Terremark. The tender offer
price constitutes a premium of 35 percent per share over today's closing price. The transaction
is subject to the valid tender of a majority of the shares of Terremark; the expiration or early
termination of the Hart-Scott-Rodino antitrust waiting period; and other customary closing
conditions. The Board of Directors of Terremark has unanimously approved the transaction,
and the transaction was unanimously approved by the directors of Verizon present and voting.
Verizon has also entered into agreements with three stockholders of Terremark to tender their
shares into the offer, representing approximately 27.6 percent of the outstanding voting shares of
Terremark. Verizon expects to close the tender offer late in the first quarter of 2011.
This transaction will accelerate Verizon's "everything-as-a-service" cloud strategy by delivering
a powerful portfolio of highly secure, scalable on-demand solutions to business and government
customers globally through a unified enterprise IT platform and unique business cloud offerings
that leverage the companies' collective strengths.
Verizon plans to operate the new unit as a wholly owned subsidiary retaining the Terremark name
and with Terremark's current management team continuing to manage the company.
"Cloud computing continues to fundamentally alter the way enterprises procure, deploy and
manage IT resources, and this combination helps create a tipping point for 'everything-as-a-
service,'" said Lowell McAdam, president and chief operating officer of Verizon. "Our collective
vision will foster innovation, enhance business processes and dynamically deliver business
intelligence and collaboration services to anyone, anywhere and on any device."
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