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En nuestro Radar ponemos la mira en Broadcom y sus resultados que impresionaron al mercado. Las acciones del fabricante de chips tuvieron subidas del 13% y sus cuentas superaron todas las estimaciones. Su beneficio por acción fue de 1,60 dólares, superando en nueve centavos el consenso del mercado. Sus ingresos también superaron previsiones y aumentaron un 25%, llegando a los 14.900 millones de dólares, 300 más de lo esperado por los analistas. Estos ingresos provocaron que el beneficio neto se multiplicara por 5, superando los 5.000 millones de dólares. El beneficio neto anterior fue de 1300 millones. Para Hock E. Tan, CEO de Broadcom, una de las razones de estos grandes resultados es el impulso que ha hecho la compañía por la inteligencia artificial. Las subidas de Broadcom son una rara avis dentro de las bajadas mayoritarias que sufren los valores relacionados con los chips. Las acciones de NVIDIA arrastran una caída del 13% en este 2025 y los malos resultados de Marvell Technologies arrastraron a otras compañías de semiconductores. Qualcomm cayó más de un punto y medio, los títulos de MicroChip perdieron un 2,55 % de su valor y las acciones de IBM bajaron más de un punto. El CEO de Broadcom piensa además que en el campo del software se verá un importante crecimiento en este 2025. ¿Cuál es la estrategia de la compañía para este año? Hock Tan Broadcom se fundó en 1961 como una división de productos de semiconductores de Hewlett-Packard. La historia de la compañía es una historia de fusiones y adquisiciones. La compañía tecnológica Agilent la compró en el 2000. Sólo 16 años después, la también empresa tecnológica Avago anunció la compra de Broadcom Corporation, formando un consorcio que pasó a llamarse Broadcom. También tiene un historial con adquisiciones fallidas, muy polémicas y comentadas. En 2017, la compañía que seguía con su afán de expansión quiso hacerse con el fabricante de chips Qualcomm. El directorio de la tecnológica rechazó la propuesta de 117.000 millones de dólares y después la administración Trump bloqueó la operación con una orden ejecutiva, alegando razones de seguridad nacional.
Oral Arguments for the Court of Appeals for the Federal Circuit
Avago Technologies International Sales Pte. Ltd. v. Netflix, Inc.
Oral Arguments for the Court of Appeals for the Federal Circuit
Netflix, Inc. v. Avago Technologies International Sales Pte. Ltd.
Oral Arguments for the Court of Appeals for the Federal Circuit
Netflix, Inc. v. Avago Technologies International Sales Pte. Ltd.
Get Opto's best content every day by subscribing to our FREE Newsletter: www.cmcmarkets.com/en/opto/newsletterToday, we have the pleasure of speaking with Rex Jackson, CFO of ChargePoint, the world's largest electric vehicle (EV) charging network and the first ever to be publicly traded, counting over 48,000 charging stations across the globe.“We want to be everywhere,” says Rex, discussing the company's infrastructure expansion ambitions relying on four pillars: ‘ubiquity, accessibility, usability and reliability.' In the episode, Rex shares insights on the growth trajectory of the EV market, emphasising that the transition to mass adoption could take between 15 and 30 years. Rex also walks us through the firm's revenue stream and profitability target, set for the end of 2024. We conclude with Rex commenting on the recent Tesla Supercharger's network deals and their impact on ChargePoint's future.Before joining ChargePoint in 2018, Rex served as CFO for Gigamon, Rocket Fuel Inc., JDS Uniphase Corp. and Symyx Technologies Inc, and held senior executive positions at leading public and private companies, including Avago (now Broadcom Inc.) and Synopsys.Twitter: @ChargePointnetThanks to Cofruition for consulting on and producing the podcast. Want further Opto insights? Check out our daily newsletter: https://www.cmcmarkets.com/en-gb/opto/newsletter------------------Past performance is not a reliable indicator of future results.CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment, or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person.The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.CMC Markets does not endorse or offer opinions on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.
Hong Kong (CNN Business) — SoftBank's record-breaking sale of a prized chip designer to Nvidia has officially been called off. At an initial value of $40 billion, the US chipmaker's acquisition of British design firm ARM would have been the largest semiconductor deal on record. But regulators around . Hong Kong (CNN Business) SoftBank's record-breaking sale of a prized chip designer to Nvidia has officially been called off. At an initial value of $40 billion, the US chipmaker's acquisition of British design firm ARM would have been the largest semiconductor deal on record. But regulators around the world have long raised concerns about the deal, eventually leading to its collapse on Tuesday. In a statement, SoftBank cited "significant regulatory challenges" that prevented it from completing the deal. It said that it would instead prepare ARM for a public offering within the fiscal year ending March 2023. Under the terms of the agreement, SoftBank had already received a deposit of $1.25 billion during the signing. That payment was non-refundable, and "will be recognized as profit" in the Japanese conglomerate's earnings for the quarter ending this March, it said. FTC sues to block Nvidia's $40 billion takeover of Arm AAPL) and other major smartphone makers. The firm is based in Cambridge and is known as one of Britain's most successful tech companies. ARM designs chips used byand other major smartphone makers. The firm is based in Cambridge and is known as one of Britain's most successful tech companies. The transaction was first announced in 2020, four years after SoftBank bought ARM for $32 billion, marking the largest foreign takeover by a Japanese firm at the time. It was originally expected to close within 18 months, which would have been around this time. But it ran out of steam as it became a subject of global regulatory scrutiny, including from China and the United Kingdom. Just days after the announcement, an opinion piece in Chinese state-run tabloid Global Times had dubbed the move "disturbing." "If ARM falls into US hands, Chinese technology companies would certainly be placed at a big disadvantage in the market," read the op-ed. In December, the US Federal Trade Commission sued to block the deal, saying it would stifle competition and give the combined company too much control over chip technology and designs. The European Commission also launched an investigation into the deal late last year. The deal would have had to pass regulatory approvals from the United Kingdom, the European Union, the United States and China. Had it gone through, it would have been the semiconductor industry's biggest-ever deal, topping Avago's acquisition of Broadcom in 2015, according to Dealogic. SoftBank COO Marcelo Claure is leaving after a reported pay dispute SFTBF) CEO Masayoshi Son remained optimistic about future plans for ARM. Speaking at an earnings presentation on Tuesday,CEO Masayoshi Son remained optimistic about future plans for ARM. While he acknowledged that his company was now pivoting toward a "plan B," he said that SoftBank had originally hoped to take ARM public after acquiring it years ago. "[So] this is [the] original plan again," he said. Still, the billionaire hit out at those who had opposed the deal, arguing that critics had appeared "eager to block" a deal between "two totally different businesses." In the history of antitrust complaints, "this could be the first case" involving claims about two such "different companies," he said, likening Nvidia and ARM to the makers of car engines and tires. "Why do they have to block this transaction?" he asked. ARM also announced a new leader on Tuesday, saying that longtime CEO Simon Segars would be replaced by executive Rene Haas. In a statement, Son thanked Segars for his 30-year tenure at the company and said that "Rene is the right leader to accelerate ARM's growth as the company starts making preparations to reenter the public markets." Rishi Iyengar contributed ...
In this episode of the Hewlett Packard Labs podcast, Dejan Milojicic goes deep into the world of VCSEL (Vertical-Cavity Surface-Emitting Lasers) photonics with Mike Tan. Mike, Hewlett Packard Labs Distinguished Technologist, talks about low cost optical solutions for HPE computers. Mike had an intriguing Odyssey by starting in HP Labs, then he was spun into Agilent, then he was part of the team that was moved to another company that became Avago, and he finally closed the loop by coming back to HP to lead the work on short distance optical links. Mike also discusses HP Culture, called HP Way.
In this episode of the Hewlett Packard Labs podcast, Dejan Milojicic goes deep into the world of VCSEL (Vertical-Cavity Surface-Emitting Lasers) photonics with Mike Tan. Mike, Hewlett Packard Labs Distinguished Technologist, talks about low cost optical solutions for HPE computers. Mike had an intriguing Odyssey by starting in HP Labs, then he was spun into Agilent, then he was part of the team that was moved to another company that became Avago, and he finally closed the loop by coming back to HP to lead the work on short distance optical links. Mike also discusses HP Culture, called HP Way.
Welcome to the History of Computing Podcast, where we explore the history of information technology. Because understanding the past prepares us for the innovations of the future! Todays episode is on the History of chip-maker Broadcom. This is actually two stories. The first starts with a movement called fabless semiconductors. LSI had been part of Control Data Corporation and spun off to make chips. Kickstarted by LSI in the late sixties and early seventies, fabless companies started popping up. These would have what are known as foundries make their chips. The foundries didn't compete with the organizations they were making chips for. This allowed the chip designers to patent, design, and sell chips without having to wield large manufacturing operations. Such was the state of the semiconductor industry when Henry Nicholas met Dr Henry Samueli while working at TRW in the 1980s. Samueli had picked up an interest in electronics early on, while building an AM/FM radio in school. By the 80s he was a professor at UCLA and teamed up with Nicholas, who was a student as well, to form Broadcom in 1991. They began designing integrated circuit (also referred to as a microchip). These are electronic circuits on a small flat piece (or "chip") of semiconductor material, usually silicon. Jack Kilby and Robert Noyce had been pioneers in the field in the late 50s and early 60s and by the 80s, there were lots and lots of little transistors in there and people like our two Henry's were fascinated with how to shove as many transistors into as small a chip as possible. So the two decided to leave academia and go for it. They founded Broadcom Corporation, Henry Nicholas' wife made them a logo and they started selling their chips. They made chips for power management, memory controllers, control units, and early mobile devices. But most importantly, they made chips for wi-fi. Today, their chips provide the chips for most every Apple device sold. They also make chips for use in network switches, are responsible for the raspberry pi and more. Samueli holds over 70 patents on his own, although in-all Broadcom has over 20,000, many in mobile, internet of things, and data center! By 1998 sales were good and Broadcom went public. In 2000, UCLA renamed the school of engineering to the Henry Samueli School of Engineering. Nicholas retired from Broadcom in 2003, Samueli bought the Anaheim Ducks in 2005. They continued to grow, make chips, and by 2009 they hit the Fortune 500 list. They were purchased by Avago Technologies in 2016. Samueli became the Chief Technology officer of the new combined company. Wait, who's Avago?!?! Avago started in 1961 as the semiconductor division of Hewlett-Packard. In the 60s they were pioneers in using LEDs in displays. They moved into fiber in the 70s and semiconductors by the 90s, giving the world the optical mouse and cable modems along the way. They spun out of HP in 99 as part of Agilent and then were acquired from there to become Avago in 2005, naming Hock Tan as CEO. The numbers were staggering. Not only did they ship over a billion optical mouse chips, but they also pushed the boudoirs of radio frequency chips, enabling industries like ATMs and cash registers but also gave us IR on computers as a common pre-bluetooth way of wirelessly connecting peripherals. They were also key in innovations giving us wifi+bluetooth+fm combo chips for phones, pushing past the 100Gbps transfer speeds for optical and doing innovative work with touch screens. Their 20,000 patents combined with the Broadcom patents give them over 40,000 patents in just those companies. They went public in 2009 and got pretty good at increasing revenue and margins concurrently. By 2016 they went out and purchased Broadcom for $37 Billion. They helped Broadcom diversify the business and kept the name. They bought Brocade for $5.9B in 2017 and CA for $18.9 billion in 2018. Buying Symantec in 2019 bumps the revenue of Broadcom up from $2.5 billion to 24.6 billion and EBITDA margins from 33 percent to 56 percent. The aggressive acquisitions caught the eyes of Donald Trump who shut down a $117 billion dollar attempted takeover of Qualcomm, a rival of both the old Broadcom and the new Broadcom. Broadcom makes the Trident+ chips, the network interface controllers used in Dell PowerEdge blade servers, the systems on a chip used in the raspberry pi, the wifi chipsets used in the Nexus, the wifi + bluethooth chips used in every iPhone since the iPhone 3GS, the Jericho chip, the tomahawk chip. They employ some of the best chip designers of the day, including Sophie Wilson who designed the instruction set for an early RISC processor and designed the ARM chip in the 80s when she was at Acorn. Ultimately cash is cheap these days. Broadcom CEO Hock Tan has proven he can raise and deploy capital quickly. Mostly building on past successes in go-to-market infrastructure. But, if you remember from our previous episode on the history of Symantec, that's exactly what Symantec had been doing when they became a portfolio company! But here's the thing. If you acquire companies and your EBITDA drops, you're stuck. You have to increase revenues and reduce EBITDA. If you can do that in Mergers and Acquisitions, investors are likely to allow you to build as big a company as you want! With or without a unified strategy. But the recent woes of GE should be a warning. As you grow, you have to retool your approach. Otherwise, the layers upon layers of management begin to eat away at those profits. But you dig too far into that and quality suffers, as Symantec learned with their merger and then demerger with Veritas. Think about this. CA is strong in Identity and Access Management, with 1,500 patents. Symantec is strong in endpoint, web, and DLP security, with 3,600 patents. Brocade has over 900 in switching and fiber in the data center. The full device trust and reporting could, if done properly go from the user to the agent on a device to the data center and then down to the chip in a full zero trust model. Or Broadcom could just be a holding company, sitting on around 50,000 patents and eeking out profit where they can. Only time will tell. But the lesson to learn from the history of both of these companies is that if you're innovating, increasing revenues and reducing EBITDA, you too can have tens of billions of dollars, because you've proven to be a great investment.
Welcome to the History of Computing Podcast, where we explore the history of information technology. Because understanding the past prepares us for the innovations of the future! Todays episode is on the History of Symantec. This is really more part one of a part two series. Broadcom announced they were acquiring Symantec in August of 2019, the day before we recorded this episode. Who is this Symantec and what do they do - and why does Broadcom want to buy them for 10.7 Billion dollars? For starters, by themselves Symantec is a Fortune 500 company with over $4 billion dollars in annual revenues so $10.7 Billion is a steal for an enterprise software company. Except they're just selling the Enterprise software division and keeping Norton in the family. With just shy of 12,000 employees, Symantec has twisted and turned and bought and sold companies for a long time. But how did they become a Fortune 500 company? It all started with Eisenhower. ARPA or the Advanced Research Projects Agency, which would later add the word Defense to their name, become DARPA and build a series of tubes call the interweb. While originally commissioned so Ike could counter Sputnik, ARPA continued working to fund projects in computers and in the 1970s, this kid out of the University of Texas named Gary Hendrix saw that they were funding natural language understanding projects. This went back to Turing and DARPA wanted to give some AI-complete a leap forward, trying to make computers as intelligent as people. This was obviously before Terminator told us that was a bad idea (pro-tip, it's a good idea). Our intrepid hero Gary saw that sweet, sweet grant money and got his PhD from the UT Austin Computational Linguistics Lab. He wrote some papers on robotics and the Stanford Research Institute, or SRI for short. Yes, that's the same SRI that invented the hosts.txt file and is responsible for keeping DNS for the first decade or so of the internet. So our pal Hendrix joins SRI and chases that grant money, leaving SRI in 1980 with about 15 other Stanford researchers to start a company they called Machine Intelligence Corporation. That went bust and so he started Symantec Corporation in 1982 got a grant from the National Science foundation to build natural language processing software; it turns out syntax and semantics make for a pretty good mashup. So the new company Symantec built out a database and some advanced natural language code, but by 1984 the PC revolution was on and that code had been built for a DEC PDP so could not be run on the emerging PCs in the industry. Symantec was then acquired by C&E Software short for the names of its founders, Dennis Coleman and Gordon Eubanks. The Symantec name stayed and Eubanks became the chairman of the board for the new company. C&E had been working on PC software called Q&A, which the new team finished and then added natural language processing to make using the tools easier to use. They called that “The Intelligent Assistant” and they now had a tool that would take them through the 80s. People swapped rolls, and due to a sharp focus on sales they did well. During the early days of the PC, dealers - or small computer stores that were popping up all over the country, were critical to selling hardware and software. Every Symantec employee would go on the road for six days a week, visiting 6 dealers a day. It was grueling but kept them growing and building. They became what we now call a “portfolio” company in 1985 when they introduced NoteIt, a natural language processing tool used to annotate docs in Lotus 1-2-3. Lotus was in the midst of eating the lunch of previous tools. They added another devision and made SQZ a Lotus 1-2-3 spreadsheet tool. This is important, they were a 3 product company with divisions when in 1987 they got even more aggressive and purchased Breakthrough Software who made an early project management tool called TimeLine. And this is when they did something unique for a PC software company: they split each product into groups that leveraged a shared pool of resources. Each product had a GM that was responsible for the P&L. The GM ran the development, Quality Assurance, Tech Support, and Product Market - those teams reported directly to the GM, who reported to then CEO Eubanks. But there was a shared sales, finance, and operations team. This laid the framework for massive growth, increased sales, and took Symantec to their IPO in 1989. Symantec purchased what was at the time the most popular CRM app called ACT! In 1993 Meanwhile, Peter Norton had a great suite of tools for working with DOS. Things that, well, maybe should have been built into operating systems (and mostly now are). Norton could compress files, do file recovery, etc. The cash Symantec raised allowed them to acquire The Peter Norton Company in 1999 which would completely change the face of the company. This gave them development tools for PC and Mac as Norton had been building those. This lead to the introduction of Symantec Antivirus for the Macintosh and called the anti-virus for PC Norton Antivirus because people already trusted that name. Within two years, with the added sales and marketing air cover that the Symantec sales machine provided, the Norton group was responsible for 82% of Symantecs total revenues. So much so that Symantec dropped building Q&A because Microsoft was winning in their market. I remember this moment pretty poignantly. Sure, there were other apps for the Mac like Virex, and other apps for Windows, like McAfee. But the Norton tools were the gold standard. At least until they later got bloated. The next decade was fast, from the outside looking in, except when Symantec acquired Veritas in 2004. This made sense as Symantec had become a solid player in the security space and before the cloud, backup seemed somewhat related. I'd used Backup Exec for a long time and watched Veritas products go from awesome to, well, not as awesome. John Thompson was the CEO through that decade and Symantec grew rapidly - purchasing systems management solution Altiris in 2007 and got a Data Loss Prevention solution that year in Vontu. Application Performance Management, or APM wasn't very security focused so that business until was picked up by Vector Capital in 2008. They also picked up MessageLabs and AppStream in 2008. Enrique Salem replaced Thompson and Symantec bought Versign's CA business in 2010. If you remember from our encryption episode, that was already spun off of RSA. Certificates are security-focused. Email encryption tool PGP and GuardianEdge were also picked up in 2010 providing key management tools for all those, um, keys the CA was issuing. These tools were never integrated properly though. They also picked up Rulespace in 2010 to get what's now their content filtering solution. Symantec acquired LiveOffice in 2012 to get enterprise vault and instant messaging security - continuing to solidify the line of security products. They also acquired Odyssey Software for SCCM plugins to get better at managing embedded, mobile, and rugged devices. Then came Nukona to get a MAM product, also in 2012. During this time, Steve Bennett was hired as CEO and fired in 2014. Then Michael Brown, although in the interim Veritas was demerged in 2014 and as their products started getting better they were sold to The Carlyle Group in 2016 for $8B. Then Greg Clark became CEO in 2016, when Symantec purchased Blue Coat. Greg Clark then orchestrated the LifeLock acquisition for $2.3B of that $8B. Thoma Bravo then bought CA business to merge with DigiCert in 2017. Then in 2019 Rick Hill became CEO. Does this seem like a lot of buying and selling? It is. But it also isn't. If you look at what Symantec has done, they have a lot of things they can sell customers for various needs in the information security space. At times, they've felt like a holding company. But ever since the Norton acquisition, they've had very specific moves that continue to solidify them as one of the top security vendors in the space. Their sales teams don't spend six days a week on the road and go to six customers a day, but they have a sales machine. And the've managed to leverage that to get inside what we call the buying tornado of many emergent technologies and then sell the company before the tornado ends. They still have Norton, of course. Even though practically every other product in the portfolio has come and gone over the years. What does all of this mean? The Broadcom acquisition of the enterprise security division maybe tells us that Symantec is about to leverage that $10+ billion dollars to buy more software companies. And sell more companies after a little integration and incubation, then getting out of it before the ocean gets too red, the tech too stale, or before Microsoft sherlocks them. Because that's what they do. And they do it profitably every single time. We often think of how an acquiring company gets a new product - but next time you see a company buying another one, think about this: that company probably had multiple offers. What did the team at the company being acquired get out of this deal? And we'll work on that in the next episode, when we explore the history of Broadcom. Thank you for sticking with us through this episode of the History of Computing Podcast and have a great day!
On April 23, 2019, just one week after argument, the Supreme Court decided Emulex Corp. v. Varjabedian, a case involving a circuit split regarding Section 14(e) of the Securities Exchange Act of 1934 and whether it supports an inferred private right of action based on negligence or scienter. Emulex Corp. is a computer component seller that entered into a merger agreement with Avago Technologies Wireless Manufacturing. In the merger agreement, Avago offered to pay $8 per share, which reflected a premium of 26.4% on the price of Emulex stock the day before the merger was announced. Emulex filed with the Commission a public recommendation statement supporting the tender offer, recommending that Emulex shareholders tender their shares and noting that that Emulex shareholders would receive a premium on their stock. The statement also included a summary of a “fairness opinion” generated by Goldman Sachs, indicating its view that the tender offer was fair to shareholders. Omitted from the recommendation statement, however, was a one-page premium analysis by Goldman indicating that the takeover premium offered by Avago was actually below average, though within the normal range for mergers involving similar companies. The merger went forward, but thereafter Gary Varjabedian and other Emulex shareholders collectively brought suit against Emulex under Section 14(e) of the Securities Exchange Act, alleging that omission of the premium analysis page rendered the recommendation statement materially misleading. Emulex moved to dismiss, arguing that the facts alleged by plaintiffs did not sufficiently support the scienter required under Section 14(e). The district court agreed and ruled for Emulex but the U.S. Court of Appeals for the Ninth Circuit reversed. Although five other federal circuit courts of appeals had interpreted Section 14(e) to require scienter, the Ninth Circuit reasoned that the better reading of the provision in light of its legislative history required merely a showing negligence and not scienter.The Supreme Court granted certiorari to address whether Section 14(e) of the Securities Exchange Act of 1934 supports an inferred private right of action based on the negligent misstatement or omission made in connection with a tender offer. During oral argument, however, the Justices questioned whether certiorari had properly been granted, as the courts below had not thoroughly considered whether Section 14(e) authorizes a private right of action at all. Indeed, just over one week after oral argument, the Supreme Court issued a per curiam opinion dismissing the writ of certiorari as improvidently granted. To discuss the case, we have Cory Andrews, Senior Litigation Counsel at the Washington Legal Foundation.
On April 23, 2019, just one week after argument, the Supreme Court decided Emulex Corp. v. Varjabedian, a case involving a circuit split regarding Section 14(e) of the Securities Exchange Act of 1934 and whether it supports an inferred private right of action based on negligence or scienter. Emulex Corp. is a computer component seller that entered into a merger agreement with Avago Technologies Wireless Manufacturing. In the merger agreement, Avago offered to pay $8 per share, which reflected a premium of 26.4% on the price of Emulex stock the day before the merger was announced. Emulex filed with the Commission a public recommendation statement supporting the tender offer, recommending that Emulex shareholders tender their shares and noting that that Emulex shareholders would receive a premium on their stock. The statement also included a summary of a “fairness opinion” generated by Goldman Sachs, indicating its view that the tender offer was fair to shareholders. Omitted from the recommendation statement, however, was a one-page premium analysis by Goldman indicating that the takeover premium offered by Avago was actually below average, though within the normal range for mergers involving similar companies. The merger went forward, but thereafter Gary Varjabedian and other Emulex shareholders collectively brought suit against Emulex under Section 14(e) of the Securities Exchange Act, alleging that omission of the premium analysis page rendered the recommendation statement materially misleading. Emulex moved to dismiss, arguing that the facts alleged by plaintiffs did not sufficiently support the scienter required under Section 14(e). The district court agreed and ruled for Emulex but the U.S. Court of Appeals for the Ninth Circuit reversed. Although five other federal circuit courts of appeals had interpreted Section 14(e) to require scienter, the Ninth Circuit reasoned that the better reading of the provision in light of its legislative history required merely a showing negligence and not scienter.The Supreme Court granted certiorari to address whether Section 14(e) of the Securities Exchange Act of 1934 supports an inferred private right of action based on the negligent misstatement or omission made in connection with a tender offer. During oral argument, however, the Justices questioned whether certiorari had properly been granted, as the courts below had not thoroughly considered whether Section 14(e) authorizes a private right of action at all. Indeed, just over one week after oral argument, the Supreme Court issued a per curiam opinion dismissing the writ of certiorari as improvidently granted. To discuss the case, we have Cory Andrews, Senior Litigation Counsel at the Washington Legal Foundation.
Replay - Jay's guest is Sarah Case, Economic Development Officer for Lane County. Sarah will be talking about recent efforts to recruit, retain, and grow economic opportunities for Lane County. We will talk about recent news like Avago's purchase of the Hynix site and jobs the Winnebago plant in Junction City. The Boze Noze Show Hosted by West Lane County Commissioner Jay Bozievich is live at every 6:00 pm Pacific on Thursdays. Each week Jay and his guests' talks about what is happening in Lane County and national news. You can listen to the show on line or on your phone by calling 646-721-9887. Just press "1" if you want to join in the conversation. If you can't make the live show and you have a question or comment for Jay Bozievich, send him an e-mail at talk@KRBNradio.net You can find previous shows easily by searching for "ITunes KRBN" Suggestions for guests are also welcome
This week my guest will be Sarah Case, Economic Development Officer for Lane County. Sarah will be talking about recent efforts to recruit, retain, and grow economic opportunities for Lane County. We will talk about recent news like Avago's purchase of the Hynix site and jobs the Winnebago plant in Junction City. We will also talk about tools we have available for startups and entrepreneurial's and the efforts we are working on in Rural Lane County. (Other topics are fair game also!) The Boze Noze Show Hosted by West Lane County Commissioner Jay Bozievich is live at 6:00 pm Pacific every Thursday. You can listen to the show on line or on your phone by calling 646-721-9887. Just press "1" if you want to join in the conversation. If you can't make the live show and you have a question or comment for Jay Bozievich, send me an e-mail at talk@KRBNradio.net You can find previous shows easily by searching for "ITunes KRBN" Suggestions for guests are also welcome
Power Systems Design, Information to Power Your Designs
Power Systems Design, Information to Power Your Designs
Celebramos el 100, nuestro programa final, con Xavi y Esteban (Venga Monjas), Tomás Fuentes y Álvaro Carmona (DaFlowers), y Ventura y Mercedes (Ventura Time-Burnin' Percebes). Y muchísimos de nuestros amigos y oyentes. Reproches, monetización, monjas, mierda, viejos con tantos años como nosotros programas, Michael Giacchinno, voces, esclavitud disfrazada de mecenazgo, carne de pescado, Huesca, gafas, Avago, Canary Island, Marie Curie, interneeeeeeeeeeeeeee y mucha actitud mónguer. Hemos llegado a los 100, jeiters mónguers. Nos vemos la semana que viene con el 101. 4×04. Programa 100. Centenariazo Familia Mónguer con @vengamonjas, @cap0, @alvarocarmona…