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Re: industry news posted from east orange, simonwide
- From: Glenn Barry <glenn@xxxxxxxxxxx>
- Subject: Re: industry news posted from east orange, simonwide
- Date: Wed, 27 Oct 1999 19:00:13 +1000
Helmet Dersch!
Statewide Photo wrote:
> huh?????
>
> -----Original Message-----
> From: Glenn Barry [mailto:glenn@xxxxxxxxxxx]
> Sent: Tuesday, October 26, 1999 8:23 PM
> To: panorama-l@xxxxxxxxxxxxxxxxx
> Subject: Re: industry news posted from east orange,
> simonwide
>
> Are bamboo.com as Evil as IPIX?
>
> Simon Nathan wrote:
>
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> > bamboo.com, IPIX Merge
> >
> > October 26, 1999
> > By Cyrus Afzali
> > InternetNews.com Managing Editor
> >
> > Business News Archives
> >
> > Interactive Pictures and
> > bamboo.com Tuesday
> > merged in a deal that will create an
> > $850 million company specializing
> > in interactive
> > visual content for the Internet.
> >
> > IPIX shareholders will receive
> > 1.3690 shares of
> > Bamboo (BAMB) for each share
> > they own. The combined company
> > will be split
> > between shareholders of both.
> >
> > Jim Phillips, IPIX chairman and
> > chief executive
> > officer, will be chairman and chief
> > executive of the new company which
> > will be
> > headquartered in Oak Ridge, Tenn.
> > The deal is expected to close in
> > the first
> > quarter of next year.
> >
> > The companies said the merger will
> > allow IPIX
> > to:
> >
> > Accelerate awareness and
> > market adoption of
> > immersive photography and
> > establishing an industry
> > standard for
> > virtual tours
> > Expand the company's market
> > position
> > through an increased distribution and
> > sales force
> > Create a leading industry
> > provider through
> > the combination of complementary
> > technologies
> > Provide opportunities for
> > significant
> > revenue acceleration
> >
> > "We are very excited about the
> > combination of
> > our two companies as it brings
> > together the two leaders in
> > Internet imaging,
> > enabling us to dramatically accelerate
> > the adoption of IPIX technology
> > for business and
> > consumer applications. The
> > addition of bamboo.com's
> > distribution
> > capabilities, seasoned sales force and
> > strategic relationships in the
> > real estate
> > industry enhances our collective position in
> > the marketplace," Phillips said.
> >
> > Kevin B. McCurdy, bamboo.com
> > founder, said the
> > deal will allow bamboo.com to
> > build on its lead in the virtual
> > tour industry.
> >
> > "With the combined resources and
> > shared vision
> > of bamboo.com and IPIX, the new
> > company will be an industry leader
> > in many key
> > vertical markets," he said.
> >
> > Bamboo went public in late August,
> > selling 4
> > million shares at $7. The stock has
> > traded as high as 27-3/4.
> >
> > Go
> > to a printable
> > version of this
> >
> > story
> >
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>
> --
> Glenn Barry Photography
> Studio 1, Level 1
> 2-14 Mountain St
> Ultimo N.S.W. 2007
> Australia
> Ph (612) 9211 3080
> Mobile 0415 279 366
> E-Mail: mailto:glenn@xxxxxxxxxxx
> Web: http://www.acay.com.au/~glenn
>
>
--
Glenn Barry Photography
Studio 1, Level 1
2-14 Mountain St
Ultimo N.S.W. 2007
Australia
Ph (612) 9211 3080
Mobile 0415 279 366
E-Mail: mailto:glenn@xxxxxxxxxxx
Web: http://www.acay.com.au/~glenn
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