DMOI - NewMarket Technology, Inc. Files 8k on Binding Agreement and Vodafone, Essar in Joint Venture Talks
Wireless Communications industry alert provided by U.S. Equity News. NewMarket Technology, Inc. (OTCBB:NMKT) has filed an 8k on the binding agreement with Paragon Financial Corporation (OTC: PGNF) to combine NewMarket's Latin American operations into Paragon. NewMarket and Diamond I, Inc. (OTCBB:DMOI) have signed a letter of intent (LOI) agreement to consolidate the companies' Wi-Fi technologies. Diamond I, Inc., a development-stage company, develops hand-held wireless gaming systems primarily in the United States.
Vodafone (NYSE:VOD), the world's largest mobile telephone company, will continue talks with India's Essar Group about jointly running mobile phone operator Hutchison Essar, the Britain-based company's chief executive said on Thursday. Britain-based Vodafone Group PLC is in the process of acquiring Hutchison Essar Ltd., India's fourth-largest mobile phone operator with about 23.3 million customers and 16.4 percent of the market. Airspan Networks, Inc. (Nasdaq:AIRN) recently announced that it has entered into an agreement to supply WiMAX equipment to MNI Telecom, a telecommunications company owned by MNI SA, a Polish publicly traded multimedia group. A provider of telecommunications services and multimedia solutions, MNI SA is headquartered in Warsaw, Poland. French telecommunications equipment maker Alcatel-Lucent SA (NYSE:ALU) will cut 1,500 jobs in France over the next three years, a union member said Tuesday. The company disclosed the figures at works council meetings with employee representatives Tuesday, a union member said. "Management gave us a total figure of 1,500 job cuts for French operations," said CFDT-union member and works council president Francis Cauchy.
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Source: U.S. Equity News (February 16, 2007 - 9:01 AM EST)
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