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Globix Corporation
Globix Corporation is a company that provided internet infrastructure and network services; it went bankrupt following the dot-com bubble, recovered, and was bought by RCN Corporation in 2007. History Globix Corporation was founded in 1989 as Bell Technology Group, a value-added reseller of computers; Marc Bell served as CEO from its founding until 2001.Staff, The Wall Street Transcript. September 2, 200CEO Interview: Peter Stevenson/ref> In the mid-1990s the company expanded into Internet products and services and completed an IPO in January 1996. By June 1998 the company offered "dedicated Internet access, Web Hosting, Co-location, network and systems integration, interactive media development (including 2-D and 3-D animation) and instructor-led corporate training" and changed its name to Globix Corporation. During the dot-com bubble, Globix bought an eight-story building in New York City to serve as a data center, which was announced at Internet World 2000 by Bell, who cit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dot-com Bubble
The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 400%, only to fall 78% from its peak by October 2002, giving up all its gains during the bubble. During the dot-com crash, many online shopping companies, such as Pets.com, Webvan, and Boo.com, as well as several communication companies, such as Worldcom, NorthPoint Communications, and Global Crossing, failed and shut down. Some companies that survived, such as Amazon, lost large portions of their market capitalization, with Cisco Systems alone losing 80% of its stock value. Background Historically, the dot-com boom can be seen as similar to a number of other technology-inspired booms of the past including railroads in the 1840s, automobiles in the early 20th century, radio in the 1920s, television in the 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RCN Corporation
RCN Corporation, originally Residential Communications Network, founded in 1993 and based in Princeton, New Jersey, was the first American facilities-based ("overbuild") provider of bundled telephone, cable television, and internet service delivered over its own fiber-optic local network as well as dialup and DSL Internet service to consumers in the Boston, Chicago, Los Angeles, New York City, the Lehigh Valley in eastern Pennsylvania, and Washington, D.C. areas. , RCN claimed over 424,000 domestic customers and 130 cable franchises. RCN's network offered coverage to approximately 3.8 million people, making it the 11th largest provider of cable Internet access in the U.S. Its operations, as well as sister companies Grande Communications, and Wave Broadband are handled under affiliate Patriot Media Consulting. RCN serves in or around the following locations: Allentown, Boston, Chicago (limited coverage), New York City, Philadelphia and Washington, D.C.. History RCN (Residen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value-added
In business, total value added is calculated by tabulating the unit value added (measured by summing unit profit sale price and production cost">Price.html" ;"title="he difference between Price">sale price and production cost], unit depreciation cost, and unit Direct labor cost, labor cost) per each unit of product sold. Thus, total value added is equivalent to revenue minus intermediate consumption. Value added is a higher portion of revenue for integrated companies (e.g. manufacturing companies) and a lower portion of revenue for less integrated companies (e.g. retail companies); total value added is very closely approximated by compensation of employees, which represents a return to labor, plus earnings before taxes, representative of a return to capital. In economics, specifically macroeconomics, the term value added refers to the contribution of the factors of production (i.e. capital and labor) to raise the value of the product and increase the income of those who own the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marc Bell (entrepreneur)
Marc Bell is an American financier and entrepreneur. He is the managing partner of Marc Bell Capital, a Boca Raton, Florida-based firm founded in 2003. He is also a producer of plays, musicals and movies. Education Bell graduated from Scarsdale High School in the Class of 1985. He later on earned his Bachelor of Science degree in accounting from Babson College and a Master of Science degree in real estate development and investment from New York University. Career Bell founded the web hosting company that eventually became Globix Corporation in 1989 at the age of 21 and served as its CEO and chairman of the board through the company's IPO in 1996 and into the dot-com bubble; as the company crashed along with the stock market in 2001, Bell was replaced as CEO.Staff, The Wall Street Transcript. September 2, 200CEO Interview: Peter Stevenson/ref> Its market capitalization had fallen from almost $1 billion in 1999 to $5.87 million in 2002 when it went through Chapter 11 bankruptcy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11 Bankruptcy
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Managed Services
Managed services is the practice of outsourcing the responsibility for maintaining, and anticipating need for, a range of processes and functions, ostensibly for the purpose of improved operations and reduced budgetary expenditures through the reduction of directly-employed staff. It is an alternative to the break/fix or on-demand outsourcing model where the service provider performs on-demand services and bills the customer only for the work done. Under this subscription model, the client or customer is the entity that owns or has direct oversight of the organization or system being managed, whereas the managed services provider (MSP) is the service provider delivering the managed services. The client and the MSP are bound by a contractual, service-level agreement that states the performance and quality metrics of their relationship. Advantages and challenges Adopting managed services is intended to be an efficient way to stay up-to-date on technology, have access to skills ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quality Technology Services
QTS Realty Trust, Inc. (popularly known as Quality Technology Services, QTS or QTS Data Centers) is a provider of carrier-neutral data centers and provides colocation services within North America and Northern Amsterdam and is based in Overland Park, Kansas. The company's largest operating areas are: Northern Virginia, Dallas/Fort Worth, Chicago, Hillsboro, Oregon, and New Jersey. The company has been named the most sustainable company in the data center industry for two years in a row (2019, 2020) by World Finance Magazine. The company is also a member of the RE100, a global corporate leadership initiative bringing together influential businesses committed to 100% renewable electricity. On August 31, 2021, QTS announced that companies affiliated with the Blackstone Group had completed the acquisition of the company for approximately $10 billion. History Timeline In 2003, Chad Williams founded the company with the purchase of a data center in Kansas. In October 2005, the c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
