Enterprising Investor
3 years ago
HC2 Holdings Announces Closing of Rights Offering (11/25/20)
NEW YORK, Nov. 25, 2020 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2” or the “Company”) (NYSE: HCHC), a diversified holding company, announced today the closing of its successful rights offering, which expired at 5:00 p.m., New York City time, on November 20, 2020. Pursuant to the terms of the rights offering, 13,979,674 shares of common stock are being purchased pursuant to the exercise of basic subscription rights and 2,763,148 shares of common stock are being purchased under the over-subscription privilege.
In addition, in accordance with the Investment Agreement entered into by the Company with Lancer Capital LLC (“Lancer Capital”), an investment fund led by Avram Glazer, the Chairman of the Board of Directors of the Company and the Company’s largest stockholder, Lancer Capital partially backstopped the rights offering in the amount of $21,433,793.53 by purchasing Series B Non-Voting Convertible Participating Preferred Stock, par value $0.001 per share (the “preferred stock”), excluding $5,560,000 previously purchased. Concurrently with the closing of the rights offering, Lancer Capital converted all of its shares of preferred stock into 11,891,539 shares of common stock (the “conversion”).
In the aggregate, the Company is issuing 28,634,361 new shares of common stock at the subscription price of $2.27 per whole share for total gross proceeds of approximately $65 million to the Company, which includes shares of common stock issued to Lancer Capital pursuant to the conversion. After giving effect to the rights offering and the conversion, the Company will have 76,586,573 shares of common stock issued and outstanding.
HC2 expects to use the proceeds from the rights offering for general corporate purposes, including debt service and for working capital.
Investors who have participated in the rights offering should expect to see the shares of common stock issued to them in uncertificated book-entry form. Any excess subscription payments received by Computershare Trust Company, N.A. (the "subscription agent") will be returned by the subscription agent to investors, without interest or deduction, through the same method by which they participated in the rights offering.
The rights offering was made pursuant to HC2’s effective shelf registration statement on Form S-3, filed with the SEC on September 9, 2020, and a prospectus supplement containing the detailed terms of the rights offering filed with the SEC on October 7, 2020. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any offer, solicitation or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of such state or jurisdiction. The rights offering was made only by means of a prospectus and a related prospectus supplement, copies of which were distributed to all eligible stockholders as of October 2, 2020 on or about October 7, 2020 and may also be obtained free of charge at the website maintained by the SEC at www.sec.gov or by contacting the information agent for the rights offering.
About HC2
HC2 Holdings, Inc. is a publicly traded (NYSE:HCHC) diversified holding company, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders. HC2 has a diverse array of operating subsidiaries across multiple reportable segments, including Infrastructure, Clean Energy, Life Sciences, Spectrum, Insurance and Other. HC2’s largest operating subsidiary is DBM Global Inc., a family of companies providing fully integrated structural and steel construction services. Founded in 1994, HC2 is headquartered in New York, New York.
https://www.globenewswire.com/news-release/2020/11/25/2134116/0/en/HC2-Holdings-Announces-Closing-of-Rights-Offering.html
stocktrademan
9 years ago
$HCHC DD Notes ~ http://www.ddnotesmaker.com/HCHC
bullish
$HCHC recent news/filings
## source: finance.yahoo.com
Tue, 25 Nov 2014 22:00:00 GMT ~ Philip Falcone Departs Harbinger Group Inc. and Will Continue to Advance HC2 Holdings, Inc.
[Marketwired] - HC2 Holdings, Inc. announced today that Philip A. Falcone is resigning from his positions of Chief Executive Officer and Chairman of the Board of Directors of Harbinger Group Inc., effective December 1, ...
read full: http://finance.yahoo.com/news/philip-falcone-departs-harbinger-group-220000001.html
*********************************************************
Fri, 21 Nov 2014 19:16:21 GMT ~ BeneVir Biopharm, Inc. Announces Investment From HC2's Subsidiary Pansend, LLC
[at noodls] - BeneVir Biopharm, Inc. Announces Investment From HC2's Subsidiary Pansend, LLC ROCKVILLE, MD -- (Marketwired) -- 11/21/14 -- BeneVir Biopharm, Inc., a biotechnology company developing a pipeline of cancer ...
read full: http://www.noodls.com/view/083CA5F37F0536C62CABA1B3BDF6307D7E406350
*********************************************************
Fri, 21 Nov 2014 18:00:28 GMT ~ BeneVir Biopharm, Inc. Announces Investment From HC2's Subsidiary Pansend, LLC
[Marketwired] - BeneVir Biopharm, Inc., a biotechnology company developing a pipeline of cancer immunotherapies, today announced it closed a Series A investment round with Pansend, LLC, an indirect wholly owned subsidiary ...
read full: http://finance.yahoo.com/news/benevir-biopharm-inc-announces-investment-180028624.html
*********************************************************
Fri, 21 Nov 2014 13:00:30 GMT ~ HC2 HOLDINGS, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Obl
read full: http://biz.yahoo.com/e/141121/hchc8-k.html
*********************************************************
Tue, 18 Nov 2014 18:04:25 GMT ~ HC2 HOLDINGS, INC. Financials
read full: http://finance.yahoo.com/q/is?s=hchc
*********************************************************
$HCHC charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$HCHC company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/HCHC/company-info
Ticker: $HCHC
OTC Market Place: OTCQB
CIK code: 0001006837
Company name: HC2 Holdings, Inc.
Company website: http://www.primustel.com
Incorporated In: DE, USA
$HCHC share structure
## source: otcmarkets.com
Market Value: $190,516,808 a/o Nov 28, 2014
Shares Outstanding: 23,814,601 a/o Oct 31, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
$HCHC extra dd links
Company name: HC2 Holdings, Inc.
Company website: http://www.primustel.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/HCHC/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/HCHC/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=HCHC+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=HCHC+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=HCHC+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/HCHC/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/HCHC/news - http://finance.yahoo.com/q/h?s=HCHC+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/HCHC/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/HCHC/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/HCHC/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/HCHC/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/HCHC/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/HCHC/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/HCHC/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/HCHC/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=HCHC+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/HCHC
DTCC (dtcc.com): http://search2.dtcc.com/?q=HC2+Holdings%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=HC2+Holdings%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=HC2+Holdings%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.primustel.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.primustel.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.primustel.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/HCHC/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/HCHC
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/HCHC/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/HCHC/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/HCHC/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001006837&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/HCHC/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/HCHC/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/HCHC/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/HCHC/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=HCHC&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=HCHC
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/HCHC/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=HCHC+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=HCHC+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=HCHC
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=HCHC
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=HCHC+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/HCHC/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=HCHC+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/HCHC.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=HCHC
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/HCHC/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/HCHC/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/HCHC/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/HCHC/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/HCHC
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/HCHC
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/HCHC:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=HCHC
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=HCHC
$HCHC DD Notes ~ http://www.ddnotesmaker.com/HCHC
Penny Roger$
12 years ago
Primus Telecommunications Group, Incorporated (Primus) is an integrated facilities-based communications services provider offering a portfolio of international and domestic voice, wireless, Internet, voice over Internet protocol (VoIP), data, colocation and data center services to customers located primarily in the Australia, Canada, the United States and Brazil. It classifies the services into three categories: Growth Services, Traditional Services and International Carrier Services. The Company’s segments include Australia, Canada, International Carrier Services, United States, Europe and Brazil. The Company’s growth services include data center services (colocation and managed services); Internet, including business and residential broadband services; residential and business VoIP services. On February 28, 2011, the Company acquired Arbinet Corporation.
http://www.google.com/finance?q=PTGI
billgatesjr
15 years ago
Jul 01, 2009 17:16 ET
Primus Telecommunications Group Successfully Emerges From Chapter 11
MCLEAN, VA--(Marketwire - July 1, 2009) - Primus Telecommunications Group, Incorporated ("Group"), together with three affiliated non-operating holding companies, Primus Telecommunications Holding, Inc. ("Holding"), Primus Telecommunications International, Inc. and Primus Telecommunications IHC, Inc. ("IHC" and together, the "Holding Companies"), today completed the necessary steps to implement their consensual Plan of Reorganization and have successfully emerged from Chapter 11 bankruptcy protection. The Plan of Reorganization was confirmed on June 12, 2009.
Chairman and Chief Executive Officer K. Paul Singh said, "This is an exciting day for PRIMUS which marks the official completion of our financial restructuring. We emerge with significantly reduced debt and a strengthened capital structure." Under the terms of the Plan of Reorganization PRIMUS has reduced its debt by $316 million, or 55%, and will emerge from bankruptcy with approximately $255 million of debt. Additionally, PRIMUS reduced interest payments by approximately 50% and extended certain debt maturities.
On July 1, 2009 (the "Effective Date"), Group's common stock was cancelled and Group issued 4,800,000 shares of common stock, par value of $0.001 per share (the "New Common Stock") to holders of IHC's 14 1/4% Senior Secured Notes due 2011 and 4,800,000 shares of New Common Stock to holders of the 5% Exchangeable Senior Notes due 2010 and 8% Senior Notes due 2014 issued by Holding (collectively, the "Holding Notes"). The 9,600,000 aggregate shares of New Common Stock represent 100% of the issued and outstanding common stock of reorganized Group as of the Effective Date. The Company expects the New Common Stock to be traded on the OTC Bulletin Board within a few days of the Effective Date.
On the Effective Date, the Holding Notes and the 3 3/4% Senior Notes due 2010, the 12 3/4% Senior Notes due 2009 and the Step Up Convertible Subordinated Debentures due 2009 issued by Group (collectively, the "Group Notes") were cancelled. Also, on the Effective Date, $173 million of outstanding 14 1/4% Senior Secured Notes due 2011 were cancelled and replaced with $123 million of 14 1/4% Senior Subordinated Secured Notes of IHC with an extended maturity until 2013, and $96 million in an outstanding variable rate Term Loan due 2011 issued by Holding was reinstated and amended.
Also on the Effective Date, Group issued Class A warrants to purchase up to an aggregate of 3,000,000 shares of New Common Stock to holders of the Holding Notes and Class B warrants to purchase up to an aggregate of 1,500,000 shares of New Common Stock to holders of the Group Notes. The warrants have a five-year term. The Class A warrants consist of three classes of 1,000,000 each entitling the holders to purchase up to 1,000,000 shares of New Common Stock at initial exercise prices of $12.22 per share, $16.53 per share and $20.50 per share, respectively. The Class B warrants have a five-year term and entitle the holders to purchase up to 1,500,000 shares of New Common Stock at an initial exercise price of $26.01 per share. Group also issued to holders of the Old Common Stock a pro rata share of contingent value rights representing the right to receive up to 2,665,000 shares of New Common Stock after the equity value reaches a certain threshold.
On the Effective Date, Group's new Management Compensation Plan became effective and grants to acquire shares of New Common Stock were reserved for certain senior officers and employees of Group and its operating subsidiaries as follows: 400,000 restricted stock units were reserved for certain senior officers; service-based stock options to purchase 400,000 shares of New Common Stock were granted to certain executive officers and employees; and performance-based stock options to purchase 100,000 shares of New Common Stock were granted to certain senior officers.
As planned, none of PRIMUS's operating companies in the United States, Australia, Canada, India, Europe or Brazil were included in the restructuring. The operating units have and will continue to manage and to operate their businesses normally.
"Our ability to achieve an efficient and effective financial restructuring is due, in large part, to the dedication of our employees, the loyalty of our customers, and the support and cooperation of our vendors and major creditor groups," said Mr. Singh. "We now ask them to join us as our new journey begins."
PRIMUS Telecommunications Group, Incorporated is an integrated communications services provider offering international and domestic voice, voice-over-Internet protocol (VOIP), Internet, wireless, data and hosting services to business and residential retail customers and other carriers located primarily in the United States, Canada, Australia, the United Kingdom and Western Europe. PRIMUS provides services over its global network of owned and leased transmission facilities, including approximately 500 points-of-presence (POPs) throughout the world, ownership interests in undersea fiber optic cable systems, 18 carrier-grade international gateway and domestic switches, and a variety of operating relationships that allow it to deliver traffic worldwide. Founded in 1994, PRIMUS is based in McLean, Virginia.
nWo
15 years ago
No Offense that does not impress me at all you should not have even brought that article you mentioned one of the worst known companies, that Primus is doing something with...Nortel, or as the nickname goes "Norhell", your kidding me right? do you honestly think Nortel can do anything for primus, I mean they cant even watch there own backs never mind work with another company, Nortell is also headed for the crapper, a stock that was once 800 on todays money with a 10-1 split is now the stock is trading at .50 cents .50 cents!!! Not to mention Nortel lost 3.2billion dollars as they keep losing revenue and you think what Nortell and Primus are doing is going to do anything for either of them the two companies cant even make 1....O the clock will soon be ticking on Nortell 8 trading days and they will be receiving the NYSE letter of there share price under a dollar, just another problem for them, nboth companies are headed out, telecoms have been hrting since the tecxh bubble burst and with primus being small coupled with the recession and the huge bearish trend there heading right out, and Norhell aint far behind and u know it, dont worry they will do another 10-1 split I see your a big poster of them over in that chat room, some of you think theres hope for that stock they have only been saying this for the last 6 years "well Nortell cant get much cheaper" but it always does, and no one will buy them out either, it to would have already happened, the only thing thats worth anything for Nortell is the methro ethernet Business and they cant even find a seller for that, I hope you people really start looking the mirror dont talk to me about Nortell, or Primus though If i had to pick one its Primus, because another thing working against Nortell is there hated amoung big time investors and mutual funds only thing left in that stock is pymping and dumping and thats the bottom line
~ TRT ~
15 years ago
Seems like new stuff to me...
Nortel's Optical, Ethernet Chief Morin talks 40G
Dec 3, 2008 2:13 PM, By Ed Gubbins
http://telephonyonline.com/global/news/nortel-40-g-1203/?smte=wl
Nortel Networks today announced its 36th and 37th customer wins for the 40-gigabit-per-second optical gear it released in April: US cable TV provider Mediacom Communications and Canadian carrier Telus. The news comes just weeks after analysis firm Ovum declared that the 40G market is finally beginning to enter a “generalized deployment phase,” with 40G revenue growing 48% annually from a base of $178 million last year. Philippe Morin, president of Nortel’s Metro Ethernet Networks group (which includes optical gear) spoke with Telephony’s Ed Gubbins today about the market.
On 40G applications: The biggest part of our 40G business right now is not router-to-router connectivity; it’s 4 by 10. What you’ve seen from Ovum is that in the past -- until Nortel came out with a solution – 40G deployments were predominantly routers to routers. Because our solution is more cost-effective than 4 by 10, we’re now replacing – it’s a bit what we did with 2.5G and 10G in ‘99 and 2000 – we’re now going after the 4 by 10 market. That’s why we’ve got so many wins in such a short time frame. We’ve gone from April to sitting here in December with 37 wins -- that’s a pretty steep ramp. And in a third of these wins, we were not the incumbent. [Note: Nortel was the incumbent at Telus, however, and at another recent 40G win, Alaska Communications Systems.]
On 40G drivers: It’s all about bandwidth growth around the world, driven by our appetite for video. Cable TV providers, for example, are looking at video on demand and high-definition VOD. Every minute, 10 hours of video are uploaded onto YouTube. The long-haul 40G solution we provided Telus with is to help them manage bandwidth growth, predominantly driven by data-center connectivity -- especially in Canada, being a pretty big geography, helping them reach those data centers [is important].
On 40G and carrier spending: [Carriers] need to go to 40G because it’s more cost-effective than continuing with 10G. In a recession, they’re still going to be looking for ways to cost-reduce their solutions, and that’s why they’re jumping up to the 40G. When you can show them there’s a very simple path to 100G by just replacing a circuit pack, in our case, it makes it more compelling to upgrade the network.
On 100G: We’re targeting the end of next year for productizing [100G]. From a market demand point of view, the real trigger initially on 100G will be driven by router-to-router connectivity, once they have that 100G interface.
On the proposed sale of the Metro Ethernet Networks group: The exploration of the divestiture is absolutely continuing. We’re continuing the same level of investment [in the group] in terms of product and sales support.
ThePennyTrader
16 years ago
News out
MCLEAN, VA, Jul 31, 2008 (MARKET WIRE via COMTEX) -- PRIMUS Telecommunications Group, Incorporated (OTCBB: PRTL), a global, facilities-based integrated communications services provider, today announced its results for the quarter and six months ended June 30, 2008.
Second Quarter 2008 Highlights:
-- $236 Million Net Revenue, Up $10 Million or 5% From Prior Quarter
-- $15 Million Income from Operations, Up $5 Million From Prior Quarter
-- $24 Million Adjusted EBITDA, Up $9 Million From Prior Quarter
-- $64 Million of Debt Principal Reduction
-- Net Revenue and Adjusted EBITDA Guidance Adjusted Upward
PRIMUS reported second quarter 2008 net revenue of $236 million, up $10 million from $226 million in both the prior and year-ago quarters. The Company reported $44 million of net income for the quarter, compared to a net loss of $3 million in the prior quarter and net income of $12 million in the second quarter 2007. As a result, the Company reported basic and diluted net income per common share of $0.31 and $0.24, respectively, in the second quarter 2008, as compared to basic and diluted net loss per common share of ($0.02) in the prior quarter and basic and diluted net income per common share of $0.10 and $0.07, respectively, in the year-ago quarter.
"We are encouraged by our second consecutive quarter of net revenue growth. Based on this performance we are revising upward our 2008 revenue guidance. We are now targeting positive year-over-year revenue growth versus our earlier guidance of a 2% to 5% decline in 2008," said K. Paul Singh, Chairman and Chief Executive Officer of PRIMUS. "We are also pleased that continued increases in our growth products have again eclipsed the decline in legacy services."
"Growth in net revenue, together with continued cost management, has generated $24 million in Adjusted EBITDA, up sharply from $15 million in the first quarter. Even after excluding the $6 million regulatory award involving excessive pricing by Telstra, Adjusted EBITDA results represent a sequential increase of 17%."
Also during the quarter, as previously announced, PRIMUS reduced outstanding debt principal by $63 million through private exchange transactions. The Company successfully issued $67 million principal amount of new debt plus $4.7 million in cash in exchange for $130 million principal amount of outstanding debt. This transaction reduced overall debt principal levels by 10%, reduced debt maturing in the latter half of 2009 from $28.1 million to $22.8 million, and reduced debt maturing in the latter half of 2010 from $133.6 million to $57.6 million.
Subsequent to the end of the second quarter, a Canadian affiliate, of which the Company currently owns slightly less than 50% of the equity, sold certain primarily rural WIMAX spectrum assets (representing approximately 10% of its spectrum population coverage) for cash consideration of $5 million. "While we continue to pursue other potential sales of select assets to improve liquidity and to narrow geographical focus to our major franchises, prevailing uncertainty in the capital markets combined with a weak overall economic outlook is likely to extend our time horizon to meet the goal of generating $50 million in cash proceeds from assets sales, particularly if valuation parameters are not at acceptable levels," Mr. Singh said.
"In light of our revised revenue guidance and operating performance, and assuming currency exchange rates remain at current levels, we are adjusting upward our full year 2008 Adjusted EBITDA target to the vicinity of $75 million, versus a previous range of $65 million to $80 million. As in past quarters, that outcome will be influenced by the success we achieve in our expanded sales and marketing efforts. We continue to expect capital expenditures for the year to be in the $25 million to $30 million range, approximately $5 million lower than our initial guidance," Mr. Singh concluded.
Register to chat with like-minded investors on our interactive forums.
Invest-in-America
2 months ago
Monksdream
2 months ago
downthehatch
11 months ago
1hot toddy
1 year ago
whytestocks
3 years ago
ClayTrader
4 years ago
IPO$
8 years ago
bell345
8 years ago
Renee
9 years ago
protagonist12
10 years ago
Poundthetable
16 years ago
Hot Features
Premium
