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Round of Financing; Brings Total Equity Funding to $34.5 Million 11/08/2007 22:48:00 Business Wire About Intel Capital Intel Capital, Intel s global investment organization, makes equity investments in innovative technology start-ups and companies worldwide.
Intel Capital invests in a broad range of companies offering hardware, software and services targeting enterprise, home, mobility, health, consumer Internet and semiconductor manufacturing.
Since 1991, Intel Capital has invested more than US$6 billion in nearly 1,000 companies in more than 40 countries.
In that time, about 180 portfolio companies have been acquired by other companies and another 155 have gone public on various exchanges around the world.
In 2006, Intel Capital invested about US$1.07 billion in 163 deals with approximately 60 percent of funds (excluding Clearwire) invested outside the United States.
Mortgage market not new, some say
NEW YORK -- While the disruption roiling the mortgage financing industry may seem like panic, some market veterans say it is actually a return to normal following a period of excess. Without trillions of dollars in easy money pouring into bonds backed by mortgages in the last few years, many of the lenders going bankrupt this year would never have thrived. And the American consumer never would have grown accustomed to a market where someone with a spotty credit history and no verifiable income could borrow lavishly with little or no down payment. "There is a little bit of rationality returning to the markets," said Richard Bookstaber, a former risk manager at a number of Wall Street investment banks. Bookstaber is author of a book called "A Demon of Our Own Design," which argues crises like this are inevitable because of the way markets are structured.
Small Businesses Caught in Credit Crunch
A running-scared Wall Street is impacting business in North Texas, as Dallas investment banker David Mahmood saw this week when he tried to complete $90 million in private financing for a California client. The client, a technology company that makes electronic consumer goods, needed money to see it through the manufacturing process in China, then to retail sales during the make-or-break Christmas season. "The lender backed out yesterday, so now we're scrambling," Mr. Mahmood said Friday. "If we can't raise enough money, [the company] will lose tens of millions of orders." Mr. Mahmood's firm, Allegiance Capital Corp., managed to secure $50 million, but the lender is demanding that Allegiance come up with $10 million from another source before it will put in the remaining $40. "We're not concerned about getting it done, but it's indicative of the fact that the market is tightening up," said Mr.
China's Economic Blackmail
Massive amounts of Chinese imports are threatening public health and safety. Many food and consumer products pose risks. Lead in children's toys and jewelry. Toxins in foods for pets and humans, and in toothpaste. Unsafe automobile tires. Many prescription drugs made with few safeguards. The list is endless. The federal government is not safeguarding American citizens through thorough testing of imports. Why? Simple: The Chinese have us by our budget-deficit balls. Our government depends on China for loaning us money and for not dumping the vast hoard of over one trillion dollars it has accumulated by financing our huge deficits and selling us virtually everything. Dumping dollars is called the Chinese economic nuclear option. They can wreck the American economy any time they want.
Cappelli executive has the nerve to accuse United Water of greed
Every now and then, the right message gets delivered by the strangest of messengers. Case in point was an Aug. 8 "In Reply" editorial-page column in which the writer denounced a certain set of "greedy executives" and the "monopoly" business they operate in New Rochelle and elsewhere. Good message: Let's shut down the monopolies and put a harness on stampeding corporate greed. But the odd thing was that the piece was written by, of all people, Joe Apicella, the executive vice president of Cappelli Enterprises, Inc. It's odd because Cappelli and company have not escaped the tag of avarice themselves - and they certainly have cornered, if not actually monopolized, much of the development scene in Westchester. That's like Jay Gould blasting Standard Oil.
People discuss complaints about water company being sued by state (Watch VIDEO)
Destin resident Delores Wood got a card in the mail from Avian Environmental Services warning her about poor water quality and offering a free test. Concerned abut her health, she responded and a salesman showed up at her door. He spread out a test kit over her kitchen counter and drew some water from the faucet. He then dropped chemicals into tubes, which formulated a range of different colors he said meant the water was unhealthy. "He said it was very bad, polluted," she said. "He had a whole laundry list of what was wrong with it." The 74-year-old Wood suffers from high blood pressure, diabetes and cancer, and was told filtered water would help her ailments. "Their tactics were fear, mostly," she said.
Cover Story / STORM CLOUDS FOR BUILDERS / With the tightening mortgage market and a backlog of unsold homes, conditions ...
For California's home builders, it has gone from a perfect storm to a pathetic one. Each week, it seems, there is more bad news as potential buyers stay away in droves. A recent wave of discounting has lured some shoppers to subdivisions, where a backlog of unsold dwellings await ... something ... anything. But the price cuts, ranging from $10,000 to more than $150,000 on $1 million-plus homes, have yet to turn many of the looky-loos into buyers, according to anecdotal information from homebuilding executives. "This is the first recession (in the housing market) that isn't being driven by job losses," said Steve Delva, president of the South Bay division of Standard Pacific Corp., a major Northern California builder. "Somebody called (the housing bubble of 2005-06) a perfect storm of cheap interest rates, a lack of supply and rampant speculation.
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