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Archive for April, 2018

IT’S OFFICIAL: T-Mobile and Sprint are coming together to form a $146 billion new company to take on Verizon and AT&T by Joe Ciolli – Business Insider

Posted in Uncategorized, tagged , , , , on April 30, 2018| Leave a Comment »

IT’S OFFICIAL: T-Mobile and Sprint are coming together to form a $146 billion new company to take on Verizon and AT&T

Joe Ciolli
john legere t-mobile
T-Mobile CEO John Legere.
Steve Marcus/Reuters
  • It’s official: T-Mobile and Sprint have announced plans to merge, with a combined company valued at $146 billion.
  • John Legere, T-Mobile’s CEO, is expected to serve in that role for the merged entity, which would retain the T-Mobile name.
  • The agreement marks the culmination of four years of on-again, off-again discussions.
  • The deal is likely to draw scrutiny from antitrust regulators, considering the Trump administration’s treatment of AT&T and Time Warner’s attempted merger.
  • Sprint dropped by 13% in premarket trading on Monday, while T-Mobile slid 2.4%. Follow live trading on Markets Insider.

The boards of T-Mobile and Sprint have put the finishing touches on a massive merger agreement that values a combined company at $146 billion.

T-Mobile’s CEO, John Legere, made the announcement on Sunday by tweeting a seven-minute video breaking down the merger and linking to a website that further explains the combination.

Deutsche Telekom, which owns two-thirds of T-Mobile, would control the newly formed company.

—John Legere (@JohnLegere) April 29, 2018 //platform.twitter.com/widgets.js ” data-e2e-name=”embed-container” data-media-container=”embed”>

Legere is expected to be the CEO of the combined entity, which would keep the T-Mobile name and have headquarters in Bellevue, Washington, and Overland Park, Kansas.

The deal, which would combine the third- and fourth-largest US wireless carriers, is expected to come under serious scrutiny from antitrust regulators, as the Trump administration has fervently opposed AT&T’s proposed mega-acquisition of Time Warner.

The agreement marks the culmination of four years of on-again, off-again discussions between T-Mobile and Sprint; this is the third time the two rivals have tried to merge.

With a combined 127 million customers, the two firms are expected to compete directly with Verizon, the US’s largest carrier, and AT&T.

“This isn’t a case of going from four to three wireless companies — there are now at least seven or eight big competitors in this converging market,” Legere said on Sunday.

The agreement involves T-Mobile exchanging 9.75 Sprint shares per unit of T-Mobile. Deutsche Telekom would own 42% of the combined company, while SoftBank, which controls 85% of Sprint, would own 27%. The public would hold the remaining 31%.

Sprint and T-Mobile discussed a deal in November, but talks broke down amid disagreement over who would control the new company. A Wall Street Journal report suggests that SoftBank’s founder, Masayoshi Son, may have since become more willing to give up control amid mounting pressure on Sprint to roll out 5G technology.

“This combination will create a fierce competitor with the network scale to deliver more for consumers and businesses in the form of lower prices, more innovation, and a second-to-none network experience — and do it all so much faster than either company could on its own,” Legere said in an official statement.

Sprint’s CEO, Marcelo Claure, added: “We intend to bring this same competitive disruption as we look to build the world’s best 5G network that will make the US a hotbed for innovation and will redefine the way consumers live and work across the US, including in rural America.”

The all-stock transaction values Sprint at 0.10256 per T-Mobile share, or $6.62 a share, based on T-Mobile’s latest closing price, for a total of about $26 billion.

T-Mobile had a market value of $55 billion as of Friday’s close, and the two companies have roughly $60 billion of combined debt.

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The Bronx Wanderers- one of the best shows in Las Vegas

Posted in Uncategorized on April 28, 2018| Leave a Comment »

 The Bronx Wanderers – outstanding – 50’s, 60’s, 70’s rock n roll
You want to smile, you want to dance, you “remember when”
Highly recommend from a “Bronx Boy”
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With superlative vocals and musicianship, dynamic enthusiasm and a genuine love of the music they perform, The Bronx Wanderers recreate the magic of the era and build an energetic bond with their audience, guaranteeing an evening of toe-tapping, hand-clapping and dancing in the aisles all night long. Their show tells the stories and plays the music that will take you as close as you can get to having lived the actual experience. The Wanderers arrive at every show with new material all the time but never leave out the favorites that their fans and audiences have come to love. Not to be forgotten, are the popular Frankie Valli medleys that this group “nails” say the critics. “It never gets old, says lead singer Yo’ Vinny. It just doesn’t get better than this. We don’t rest on our laurels. We never will.”

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“Take it from me, Danny Aiello, spend an evening with the Bronx Wanderers, you’re going to have a ball.”

— Danny Aiello

“I honestly feel a part of their family and you will too. It’s honestly one of my favorite shows of all time.

— Tony Orlando

“Whenever I’m in New York I stop at two places. Gino’s Pastry Shop for Cannoli’s and then find out where the Bronx Wanderers are playing.

— Chazz Palminteri

“They’re the hardest working band in show business today. I guarantee that you’ll come back for more.

— Paul Shlisky, Caesars Entertainment

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Terminating/Restructuring Prohibitive Real Estate, License, Payables & Contingent Liabilities

Posted in Uncategorized, tagged , on April 22, 2018| Leave a Comment »

 

Terminating/Restructuring Prohibitive Real Estate, License, Payables & Contingent Liabilities

Gerbsman Partners has been involved with numerous national and international equity sponsors, senior/junior lenders, investment banks and equipment lessors in the restructuring or termination of various balance sheet issues for their technology, life science, medical device, cyber security, solar and cleantech portfolio companies.

These companies were not necessarily in crisis, but had cash (in some cases significant cash reserves) and/or investor groups that were about to provide additional funding. In order to stabilize their Go-Forward-Plan and maximize cash resources for future growth, there were specific needs to address Balance Sheet and Contingent Liability issues as soon as possible.

Some of these areas where Gerbsman Partners has assisted, these companies have been in the process of termination, restructuring and/or reduction of:

 

Prohibitive Executory Real Estate Leases, Computer and Hardware-related Leases and Senior/Sub-debt Obligations

Gerbsman Partners was the “innovator” in creating strategies to terminate or restructure prohibitive real estate leases and senior and sub-debt obligations.To date, we have terminated or restructured $810 million of such obligations for private and public companies, and which has allowed them to return to financial viability.

 

Accounts/Trade Payable Obligations

 Companies in a crisis, turnaround or restructuring situation typically have account and trade payable obligations that become prohibitive for the viability of the company on a go-forward-basis. Gerbsman Partners has successfully negotiated mutually beneficial restructurings that allowed all parties to maximize value based on the reality or practicality of the situation.

 

Software and Technology-related Licenses

 As per the above, software and technology-related licenses need to be restructured/terminated in order for additional capital to be invested in restructured companies. Gerbsman Partners has a significant, successful track record in these areas.

 

About Gerbsman Partners

Gerbsman Partners focuses on maximizing enterprise value for stakeholders and shareholders in underperforming, undercapitalized and undervalued companies and their intellectual properties. Since 2001, Gerbsman Partners has successfully maximized the values of 103 companies in a wide and diverse spectrum of industries. In the process, GP has successfully restructured/terminated over $810 million of real estate executor contracts and equipment lease/sub-debt obligations, and has assisted in over $2.3 billion of financings, restructurings and M&A transactions.

 

Gerbsman Partners has offices and strategic alliances in Boston, New York, Washington DC, McLean VA, San Francisco, Orange County, Europe and Israel.

 

Steven R. Gerbsman
Principal
Gerbsman Partners

steve@gerbsmanpartners.com
http://www.gerbsmanpartners.com

BLOG of Intellectual Capital

http://blog.gerbsmanpartners.com

Skype: thegerbs

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People using their phones while driving is a huge problem, but a new iPhone feature is helping by Kif Leswing – Business Insider

Posted in Uncategorized, tagged , , , on April 18, 2018| Leave a Comment »

People using their phones while driving is a huge problem, but a new iPhone feature is helping

Kif Leswing
Phone while driving Getty
  • 37% of trips include at least some significant phone usage while the car is moving, according to a new study.
  • But features like Apple’s “Do Not Disturb While Driving” can reduce phone use by as much as 8%.
  • The results show that small software changes on big platforms like Apple’s can nudge people to make safer decisions.

It shouldn’t be surprising that people love to use their phones while driving — if you commute in a car, you see it every day, either in your car or other people’s.

But it’s somewhat surprising how many people drive while distracted: there’s significant phone use during as many as 37% of trips logged by Everdrive, an app developed by car insurance company Everquote.

During those trips, people were using their phones for as much as 11% of the time, or about 3 minutes during a 29 minute drive on average, according to the Everdrive study released on Wednesday, which examined 781 million miles of driving data from sensors like your phone’s GPS and accelerometer.

But there is one silver lining to the study: Apple’s new “Do Not Disturb While Driving” feature designed to reduce distracted driving is working. Basically, if your iPhone detects you’re in a moving car, it will turn off all notifications and you can set an automatic text response to tell your friends and family you can’t respond because you’re behind the wheel.

Everquote found that 70% of people in its study kept the DND While Driving feature turned on after Apple released it last September. And between September 19 and October 25 last year, people with DND on used their phones 8% less, according to the study.

So it’s not a silver bullet, but it turns out a software update can reduce distracted driving.

Other interesting stats from the study:

  • States with laws prohibiting phone use while driving showed the least phone use while driving.
  • Drivers tend to make a hard brake on 25% of trips.
  • The states with the worst driving scores are Maryland, Delaware, Pennsylvania, Rhode Island, and Connecticut.
  • The states with the best driving scores are Montana, Wyoming, South Dakota, Alaska, and Idaho.

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HOW DO YOU DECIDE WHO TO MARRY? (written by kids) – this will make you laugh and smile

Posted in Uncategorized on April 16, 2018| Leave a Comment »

 

 

HOW DO YOU DECIDE WHO TO MARRY?

(written  by kids)

1. You  got to find somebody who likes the same stuff. Like, if you like sports, she should like it that you like sports, and she should keep the chips and dip coming. —  Alan, age 10

-No  person really decides before they grow up who they’re going to  marry. God decides it all the way before, and you get to find out later  who you’re stuck with. —  Kristen, age 10

2. WHAT IS THE RIGHT AGE TO GET MARRIED?
Twenty-three is the best age because you know the person FOREVER by then..  —  Camille, age 10

3. HOW CAN A STRANGER TELL IF TWO PEOPLE ARE MARRIED?

You might have to guess, based on whether they seem to be yelling at the same kids. —  Derrick, age 8

4. WHAT DO YOU THINK YOUR MOM AND DAD HAVE IN COMMON?

Both don’t want any more kids. —  Lori, age 8

5. WHAT DO MOST PEOPLE DO ON A DATE?

-Dates are for having fun, and people should use them to get to know each other. Even boys have something to say if you listen long enough.  —  Lynnette, age 8

– On the first date, they just tell each other lies and that usually gets them interested enough to go for a second date.  —  Martin, age 10

6. WHEN IS IT OKAY TO KISS SOMEONE?
-When they’re rich. —  Pam, age 7

-The law says you have to be eighteen, so I wouldn’t want to mess with that. – – Curt, age 7

-The rule goes like this: If you kiss someone, then you should marry them and have kids with them. It’s the right thing to do. Howard, age 8

7. IS IT BETTER TO BE SINGLE OR MARRIED
It’s better for girls to be single but not for boys. Boys need someone to clean up after them. —  Anita, age 9

8. HOW WOULD THE WORLD BE DIFFERENT IF PEOPLE DIDN’T GET MARRIED?

There sure would be a lot of kids to explain, wouldn’t there?  —  Kelvin, age 8

And the #1 Favorite is…….
9. HOW WOULD YOU MAKE A MARRIAGE WORK?
Tell your wife that she looks pretty, even if she looks like a dump truck. —  Ricky, age 9

 

 

 

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