December 15, 2003
Changes for Atlanta Site
MetroNexus is looking at alternate uses for at least part of its 1 million square foot MetroNexus Atlanta telecom building. The options for the site may be expanding, as the shrinking pool of land for residential development in Atlanta has builders eyeing open space in the industrial corridor that includes the MetroNexus site.
Continue reading "Changes for Atlanta Site"December 04, 2003
Breakthrough for Navisite
It's been a breakthrough week for NaviSite, which has been among the most aggressive acquirers of distressed hosting assets in the past two years. The company's faith in the long-term outlook for managed hosting was rewarded with a major expansion of a government contract and a big pop in its stock price.
Back on Nov. 24, shares of the Andover, Mass. provider were trading at $5.07 a share. The next day, the company announced that the New York State Department of Labor is adding $52 million to its existing contract with NaviSite's ClearBlue Technologies Management unit. Navisite provides the state with development and hosting services for America's Job Bank, a labor exchange network that links employers and job seekers.
November 26, 2003
Momentum for DCML
The list of industry members embracing the Data Center Markup Language (DCML) standard continues to grow, with BMC Software and Fujitsu Siemens Computers joining the effort to create an industrywide standard for reducing the cost of operating corporate data centers. The DCML Organization now has 37 members, with prominent backers including EDS, Opsware and Inflow.
Thus far, major systems makers such as IBM, Hewlett-Packard, Sun Microsystems and Dell have not joined the organization. And Microsoft, which has proposed its own Extensible Markup Language (XML)-based alternative to DCML, called System Definition Model, is not a member.
More Money for Equinix
Thanksgiving is here, but the folks at Equinix could be forgiven for wondering if Christmas came early. On Friday, the Internet exchange operator raised $105 million by selling 5.5 million shares of common stock, with strong demand leading the company to issue 2 million shares more than initially planned. The Equinix sale, along with a $6.9 million initial public offering Nov. 10 by Access Integrated Technologies, marked the first public stock sales by American hosting specialists since Loudcloud's IPO in March 2001.
Concerns that the additional shares would dilute the company's stock price also proved unfounded. The new shares were priced at $20, and Equinix stock closed Friday at $22.35, and had risen further to $25.48 by yesterday's close. The Foster City, Calif. company's stock was at $3.39 a share on May 1.