latest news releases from the newsroom
Bell Industries, Inc.
Bell Industries Completes Sale of SkyTel Division for $7.5 Million
INDIANAPOLIS, June 16, 2008 (PRIME NEWSWIRE) -- Bell Industries, Inc. (Pink Sheets:BIUI) today announced it has completed the sale of its SkyTel division to Velocita Wireless LLC for total consideration of $7.5 million, comprised of $3.0 million in cash at closing, $3.0 million in cash 30 days after closing and a deferred payment of $1.5 million to be paid one year after closing. The company and Velocita recently amended the terms of the asset purchase agreement originally entered into on March 30, 2008 to accelerate the cash proceeds in exchange for reducing the total consideration to $7.5 million from $8.0 million.
QLogic Executive to Present At 18th Annual Wachovia Nantucket Equity Conference
ALISO VIEJO, Calif., June 16, 2008 (PRIME NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leader in networking for storage and high performance computing (HPC), today announced that Simon Biddiscombe, senior vice president and chief financial officer, will present at the 18th Annual Wachovia Nantucket Equity Conference on Tuesday, June 24, 2008 in Nantucket, Mass. at 8 a.m. Eastern Time. The conference will be held at the White Elephant Hotel.
Coleman Cable, Inc.
Coleman Cable, Inc. Named One of Chicago's 'Fast Fifty'
WAUKEGAN, Ill., June 16, 2008 (PRIME NEWSWIRE) -- Coleman Cable, Inc. (Nasdaq:CCIX), a leading manufacturer and innovator of electrical and electronic wire and cable products, announced that it has been named to the "Fast Fifty" list for 2008 as published recently in Crain's Chicago Business. The list ranks the Chicago metropolitan area's fastest growing public and private companies based on revenue growth between 2003 and 2007. Coleman Cable ranked 30th on the list, posting an impressive 270% overall growth since 2003.