latest news releases from the newsroom
Cree, Inc. to Webcast Upcoming Conference Presentations
DURHAM, N.C., Aug. 2, 2007 (PRIME NEWSWIRE) -- Cree, Inc. (Nasdaq:CREE), a market-leading innovator of semiconductors that enhance the value of solid-state lighting, power and communications products, today announced it will webcast its presentation at two upcoming conferences. Chuck Swoboda, chairman and CEO, will provide a company overview at the Canaccord Adams Summer Conference on Thursday, August 9, at 10:00 a.m. EDT. John Kurtzweil, executive vice president and chief financial officer, will provide a company overview at the Morgan Keegan 2007 Equity Conference on Friday, September 7, at 8:25 a.m. EDT.
Purple Communications, Inc.
GoAmerica(R) Announces Agreement to Acquire Verizon's Telecommunications Relay Services Division
HACKENSACK, N.J., Aug 02, 2007 -- GoAmerica, Inc. (Nasdaq:GOAM) today announced the execution of a definitive agreement under which it will acquire the assets of Verizon's Telecommunications Relay Services (TRS) division for $50 million in cash and up to an additional $8 million in contingent cash consideration. This acquisition will be financed by the issuances of new GoAmerica preferred stock and debt totaling $65 million to Clearlake Capital Group, pursuant to agreements and a commitment letter executed concurrently with the Verizon agreement.