Goldman IPO gives Sumitomo golden chance

Article Abstract:

Goldman, Sachs & Co.'s plan for a public stock offering of 10% to 15% of it shares valued at $20 billion to $30 billion could turn into a windfall for Sumitomo Bank of Japan which has an equity stake in Goldman at just below 10%. Goldman is a US-based 129-year-old investment banking firm. The windfall could reach up to $3 billion in lieu of Sumitomo's investment of only $500 million in 1986. The gains to Sumitomo would help offset the cost of its considerable problem loans. For the year ended Mar. 31, 1998, Sumitomo wrote off roughly 1.04 trillion yen equivalent to US$7.1 billion in problem loans.

Comment:

Could gain a windfall of up to $3 billion if Goldman Sachs decides on a public stock offering

Japan, Diversified Companies, Securities Dealers, Investment Banking and Securities Dealing, Financial management, Goldman Sachs and Co., Sumitomo Corp., Article

H-P spinoff Agilent boosts profit 5.7% and its orders 38%

Article Abstract:

Agilent Technologies Inc. posted a 5.7% increase in its net income for the 2000 second-quarter. the company's orders also rose 38% to nearly $3 billion. Agilent posted $166 million in net income for the period.

Instruments to measure electricity, Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals, Test & Measuring Equip, Instrument industry (Equipment), Finance, Testing and measuring equipment industry, Agilent Technologies Inc.

TriQuint agrees to acquire Sawtek in an all-stock deal

Article Abstract:

TriQuint Semiconductor Inc. will acquire Sawtek Inc. in an all-stock transaction. The deal is valued at $1.29 billion (1.47 billion euros).

Semiconductors and related devices, Semiconductor Devices, Semiconductor and Related Device Manufacturing, Asset sales & divestitures, Acquisitions & mergers, Solid State Devices NEC, Semiconductor industry, Mergers, acquisitions and divestments, Sawtek Inc., SAWS, Solid state devices, TriQuint Semiconductor Inc., TQNT