[Date Prev][Date Next][Thread Prev][Thread Next][Date Index
][Thread Index
]
Mary Fong's Rose GArden Rangoon Hot
Subject: Mary Fong's Rose GArden Rangoon Hotel
any follow-up on "Mary Fong", CEO, and here also cited as founder
Rose GArden hotel, Rangoon.??? Is this a drug/money laundering operation
front, because obviously or did someone put her up to this, why would a
smart ceo otherwise build a hotel in drugville, southeast asia? Nice
Taiwan, Hongkong, Rangoon connxtion. ds
Rangoon Post Co-Editor wrote:>
> NOTE: Read the entire article....
>
> C-Cor Signs Letter of Intent
> to Acquire Silicon Valley
> Communications (SVCI)
>
> PRNewswire
> 25-MAY-99
>
> STATE COLLEGE, Pa., May 25 /PRNewswire/ -- C-COR
> Electronics, Inc. (Nasdaq: CCBL), to be renamed
> C-COR.net, pending completion of its merger with
> Convergence.com, announced today that the company has
> signed a letter of intent to acquire Silicon Valley
> Communications, Inc., a leading edge technology company
> and key supplier of high quality, comprehensive fiber
> optic
> transmission systems used in advanced, hybrid fiber/coax
> (HFC) networks. The transaction, which is expected to be
> completed in summer 1999, is subject to the satisfaction
> of a
> number of conditions. The estimated value of the
> transaction, including issuance of stock and the
> assumption
> of debt, is over $50 million.
>
> Silicon Valley Communications, founded in 1994, has its
> headquarters, research laboratory and manufacturing
> facilities based in Santa Clara, California. The SVCI
> product
> line includes 1310 nm forward and return path
> transmitters
> and receivers, 1550 nm DWDM transmitters, 1550 nm
> externally- modulated transmitters, erbium-doped fiber
> amplifiers (EDFAs) in 3 RU and 1 RU sizes and SNMP
> compliant NMS. The design philosophy behind the products
> has been to address the changing domestic and
> international market needs by providing flexibility,
> modularity
> and efficiency for today's broadband video and
> interactive
> Internet network applications.
>
> David A. Woodle, President and CEO of C-COR, stated,
> "This move will allow us to round out our fiber optic
> product
> offering while meeting our strategic objective of
> providing
> advanced technology, broadband HFC products to our
> domestic and international customers. We continue to see
> a
>
> growing need for high-performance, high quality fiber
> optic
> products for the evolving architectures and feel the SVCI
> products will significantly expand our ability to meet
> the
> requirements today and into the future for superior
> network
> integrity."
>
> Mary Fong, Chairman of SVCI, commented, "We feel very
> positive about joining forces with C-COR, which has a
> strong
> 45-year legacy in the industry. The combination of our
> Silicon Valley Communications products with C-COR's RF
> amplifiers, Navicor(TM) nodes, network management
> systems, network design and activation capabilities, and
> Internet enabling technical services form a total set of
> product and service solutions for customers throughout
> the
> full broadband network life cycle."
>
> C-COR, headquartered in State College, Pennsylvania,
> provides products and support to customers as they plan,
> design, build and maintain complex broadband
> communications networks. The company is an innovator,
> developer and supplier of robust, high-quality
> distribution
> electronics, network management systems and technical
> services for two-way HFC networks around the world.
> Recently C-COR announced that the company and
> Convergence.com, an Atlanta- based provider of
> Internet-enabling technical services, had entered into a
> definitive merger agreement, under which Convergence.com
> will become a wholly- owned subsidiary of C-COR and will
> operate as a segment of a separate business unit called
> Broadband Management Services. The merger is expected
> to be completed in June 1999.
>
> C-COR, founded over 45 years ago, designs and
> manufactures robust, high- quality network distribution
> products for two-way hybrid fiber/coax (HFC) networks.
> C-COR's headquarters is in State College, Pennsylvania,
> with production facilities in State College and Tipton,
> Pennsylvania; and Tijuana, Mexico. C-COR maintains
> offices in Toronto, Canada; Almere, The Netherlands; and
> Hong Kong. C-COR's common stock is listed in the Nasdaq
> National Market under the symbol CCBL. C-COR's website
> is http://www.c-cor.com. C-COR was named to Forbes
> Magazine's 200 Best Small Companies in America List
> (1998).
>
> Some of the information presented in this announcement,
> including, but not limited to the company's expectations
> in
> connection with the merger with Silicon Valley
> Communications Inc., constitutes forward looking
> statements
> within the meaning of the Private Securities Litigation
> Reform
>
> Act of 1995. Although the Company believes that its
> expectations are based on reasonable assumptions within
> the bounds of its knowledge of its business and
> operations,
> there can be no assurance that actual results will not
> differ
> materially from its expectations. Factors which could
> cause
> actual results to differ from expectations include the
> ability to
> consummate the mergers with Convergence.com
> Corporation and Silicon Valley Communications, Inc. and
> integrate Convergence.com's and Silicon Valley
> Communications' businesses, the timing of orders received
> from customers; the gain or loss of significant
> customers;
> changes in the mix of products sold; changes in the cost
> and
> availability of parts and supplies; fluctuations in
> warranty
> costs; new product development activities; the Company's
> ability to implement its strategies of product, service,
> and
> global market expansion; economic conditions affecting
> domestic and international markets; regulatory changes
> affecting the telecommunications industry, in general,
> and
> the Company's operations, in particular; competition and
> changes in domestic and international demand for the
> Company's products; the Company's ability to assess the
> risks of the year 2000 issue, with respect to its
> operations,
> and resolve them in a timely manner; and other factors
> which
> may impact operations and manufacturing. For additional
> information concerning these and other important factors
> which may cause the Company's actual results to differ
> materially from expectations and underlying assumptions,
> please refer to the reports filed by the Company with the
> Securities and Exchange Commission. Background
> Information
>
> C-COR Electronics, Inc. (Nasdaq: CCBL) Headquarters:
> State College, Pennsylvania - USA President and
>
> Chief Executive Officer: David A. Woodle Corporate
> Description: Products and services for network operators
> as
>
> they plan, design, build and maintain complex,
>
> broadband communications networks. Included are
>
> robust, high-quality RF and AM fiber optic
>
> distribution electronics and a full complement
>
> of technical services, network management
>
> systems, and technical services. Through an
>
> alliance with Convergence.com, a provider of
>
> Internet enabling technical services, C-COR is
>
> the exclusive reseller of Convergence.com's
>
> products and services in North America.
>
> Convergence.com's products and services enable
>
> delivery of cost-effective, high-speed,
>
> broadband Internet and data services to
>
> businesses, residential customers, schools and
>
> other institutions. Locations: Headquarters in State
> College,
> Pennsylvania and
>
> production facilities in State College and
>
> Tipton, Pennsylvania; and Tijuana, Mexico.
>
> Offices in Toronto, Canada; Almere, The
>
> Netherlands; and Hong Kong. Revenues: $152 million*
>
> Earnings: $0.78 per share from continuing operations*
>
> Assets: $75,518,000*
>
> Capital Expenditures: $8,782,000*
>
> Market Capitalization: $215 million (as of May 14, 1999)
>
> Shareholders of Record: 599*
>
> Total Employees: 1646 (April 1999) *Effective Fiscal Year
> Ending June 26, 1998 Background Information
>
> Silicon Valley Communications, Inc. (SVCI) Headquarters:
> Santa Clara, California - USA Chairperson and
>
> Chief Executive Officer: Mary Fong Corporate Description:
> SVCI's technology and products serve the rapidly
>
> growing optical communications and multimedia
>
> markets with advanced fiber-optic transmission
>
> and distribution systems for broadband video and
>
> digital networks. SVCI provides a complete family of
> modular,
> high
>
> performance, optical communications products
>
> including 1310 nm and 1550 nm fiber-optic
>
> transmitters, erbium-doped fiber amplifiers
>
> (EDFAs), indoor and outdoor fiber-optic
>
> receivers, return path transmitters and return
>
> path receivers for cable networks. SVCI's
>
> products are available in 3-RU and 1-RU high
>
> sizes for flexibility of insertion into a
>
> Universal Chassis together with AC or DC power
>
> supply modules. SVCI is actively focused on advanced
> research
>
> and product development activities to satisfy
>
> the interactive bi-directional needs of the
>
> Information Superhighway. Due to the various
>
> cable network systems now deployed, SVCI is
>
> listening carefully to engineering and economic
>
> requirements and working with cable operator
>
> upgrade and conversion teams to understand the
>
> most effective applications of our research and
>
> development efforts for advanced HFC networks. Revenues:
> N.A.
>
> Earnings: N.A.
>
> Assets: N.A.
>
> Capital Expenditures: N.A.
>
> Market Capitalization: N.A.
>
> Shareholders of Record: N.A.
>
> Total Employees: 70 David A. Woodle
>
> President and Chief Executive Officer
>
> C-COR Electronics, Inc. David A. Woodle was appointed
> President and Chief Executive Officer of C-COR
> Electronics,
>
> Inc. in August 1998 and has been a member of the C-COR
> Board of Directors since October 1998. Under Mr. Woodle's
> leadership, C-COR has launched a major corporate
> repositioning strategy to tap into the rapidly growing
> demand
> by the broadband communications industry for expertise in
> launching, managing and delivering high-speed broadband
> Internet and data services.
>
> Prior to joining C-COR, Mr. Woodle led merger transition
> efforts as Vice President and General Manager of Raytheon
> E-Systems/HRB Systems, and successfully positioned the
> company in the wireless data telecommunications
> marketplace. Subsequently, as General Manager of
> Strategic Systems for Raytheon Systems Company, he was
> responsible for managing a one-half billion dollar
> business
> focused on real-time information systems integration. Mr.
> Woodle has had over 20 years business and management
> experience in engineering and manufacturing, with
> recognized expertise in strategic planning, global
> business
> development and partnerships, business acquisitions and
> mergers, and technical innovation.
>
> Mr. Woodle serves as a Director on several Boards
> including
> the Chamber of Business and Industry of Centre County,
> the
> Centre County United Way, and the Shaner Sports Complex.
> He is also the Chairman of the CEO Group for Centre
> County and an Elder at St. John's United Church of
> Christ.
> Mr. Woodle holds a Bachelor of Science degree in Computer
> Science from the Pennsylvania State University. Mary Fong
>
> Chairperson, Chief Executive Officer
>
> Silicon Valley Communications, Inc. Mary Fong,
> Chairperson, CEO and co-founder, has more than thirty
> years of experience in building new firms and developing
> them into fully operational and profitable companies.
>
> Her expertise covers operation, finance, international
> trading, and investment. She was co-founder of
> Genexco/Newtimes Ltd, a Taiwanese textile and garment
> manufacturer and exporter, with offices and factories
> internationally. She was also the co-founder of Thai
> Wonderful Wire & Cable (a cable and wire manufacturer)
> and AT Research (an industrial automation company) in
> Thailand.
>
> >>>>> She is also the founder and developer of Rose
> Garden Hotel in Yangon, Myanmar (under construction).
>
> Mary earned a business degree from California State
> University at Northrop.