Acer announced it has entered into a definitive agreement to acquire E-TEN, the world-renowned designer and manufacturer of smart handheld devices.
Under the terms of the agreement, Acer Inc. will offer a share exchange with ratio of 1: 1.07 for all the outstanding shares of E-TEN, which represents total equity value consideration of approximately NT$9 billion. The new issued shares will represent approximately 6% of total Acer outstanding shares.
The acquisition has been unanimously approved by the boards of directors of both E-TEN and Acer and is subject to standard closing conditions, including obtaining approval from Shareholders Meetings and the Governmental Regulators.
We expect the acquisition to close during Q3 2008.
Mobility is in constant evolution. To stay ahead of the changes, the technology and applications must adapt to the true needs of business and consumer users alike.
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AT&T announced a new three-year networking contract with Louisiana-based LAMMICO, a preferred insurer dedicated to developing and delivering insurance products and services to Louisiana physicians and other health care providers.
Under terms of the agreement, AT&T will deliver Virtual Private Network (VPN) services to LAMMICO’s four domestic locations; three in Louisiana and an off-site disaster recovery data center in Denver. The enterprise-class network also provides the flexibility and scalability to expand upon existing services as the company’s communications needs grow. The any-to-any solution, which uses AT&T’s Multiprotocol Label Switching (MPLS) network, will allow LAMMICO to prioritize and transfer critical data to alternative locations throughout the network. AT&T’s MPLS network also provides high levels of redundancy for network reliability.
E-TEN Information Systems has unveiled the Glofiish M810 and V900, the first in a new range of Pocket PC Phones focusing on portable entertainment and go-anywhere communications tailored for the web savvy consumer market.
At its booth at the Mobile World Congress, Barcelona, E-TEN has showcased two new products that mark a change in track for Pocket PC Phones – from productivity and communications tools for mobile professionals to always-on-hand entertainment and connectivity devices designed for the modern web-enthusiast.
