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Archive for the ‘Board Of Intellectual Capital’ Category

Where Are Rates Headed And Why? – John Mauldin’s Outside the Box – InvestorsInsight.com | Financial Intelligence, Advice & Research / Investment Strategies & Planning for Individual Investors.

“This week we look at two brief essays for your Outside the Box. The first is my friend Barry Habib talking to us about where mortgage rates are headed. Barry gives us a very simple, but logical analysis on why rates are headed up. Then we jump to Spencer Jakab writing in the Financial Times about the problems in the municipal markets. Seems we may be under funded on our public pensions by about $3.5 trillion. As a tease to his column:

“Taking a page out of Greece’s playbook, the peeved treasurer of America’s largest state fired off letters this week to the chiefs of Goldman Sachs and other banks questioning their marketing of credit default swaps on California’s debt . The instruments, he complained, “wrongly brand our bonds as a greater risk than those issued by such nations as Kazakhstan.”

“Insulting indeed, but who exactly should be insulted?”

It helps if you have seen Borat, or at least a trailer, but the message is the same.”

Read more here.

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Here is an opportunity for all entrepreneurs.

“IBM Global Entrepreneur initiative will provide ISVs with access to software, scientists and technology experts, dedicated project managers, mentoring and networking workshops with VC firms, government leaders, academics, and industry experts, and social networking with other entrepreneurs and more than eight million IT professionals.

Money isn’t everything, and IBM intends to prove that adage with a comprehensive new initiative that will help emerging entrepreneurs succeed, hopefully helping Big Blue and its channel grow their sales and profits. To qualify for the IBM Global Entrepreneur initiative, applicants must be privately-held, in business less than three years; and actively developing software aligned to IBM’s Smarter Planet focus areas.

The company says a large number of venture capital investments in the technology industry will be targeted at entrepreneurs in the US, China, Israel, UK, Germany, France and India. Under the initiative, start-ups can access IBM’s software portfolio, IBM scientists and technology experts, and dedicated IBM project managers; attend new IBM SmartCamp mentoring and networking workshops with VC firms, government leaders, academics, and industry experts; and, connect with other entrepreneurs and more than eight million IT professionals on IBM developerWorks.”

Read the full story here.

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Here is an Cleantech story from BusinessGreen.

“Global investment in clean technology will rise 35 per cent this year, despite ongoing uncertainty over climate change policy in the US and EU, according to a report published today by research firm Datamonitor.

The report, entitled Challenges and opportunities for energy utility companies post-Copenhagen, predicts clean tech investment will bounce back strongly this year, led by the wind energy sector, which has received a major boost from government-backed economic stimulus packages.

Alex Desbarres, senior renewables analyst at Datamonitor, said that despite the failure to deliver an international climate change deal and ongoing uncertainty about the future of the carbon markets in the US and Europe, growing numbers of businesses are increasing their investment in clean technologies.

“Copenhagen did not deliver the low-carbon vision, clear policy landscape and regulatory frameworks that the energy clean tech investment community had hoped for,” he said. “For all its flaws, however, the Copenhagen Accord gave the clean tech community the sense that private investors will drive the transition to a low-carbon economy.”

The report said there was little evidence that an overarching global regulatory framework would be developed within the next few years, but argued that with new national and sub-national legislation and initiatives emerging all the time, investors will continue to flock to the clean tech sector.

“Datamonitor expects that progress on new global and US climate regimes will be slow and unconvincing this year, but that the race to dominate the emerging clean economy will accelerate regardless, fuelled by unprecedented quantities of green and clean stimulus funding,” the report states.

The study is the latest in a series of reports to suggest that the clean tech sector is recovering well after venture capital investment levels collapsed following the onset of recession in 2008.”

Read the full story here.

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Here is an interresting article from SF gate´s tech section.

“As companies such as Google, Facebook and Twitter push their technologies around the world, recent events show that they’re not just exporting the latest in online tools, but a basic tenet of the American way of life – freedom of speech.

That has led to Google defying the government of China over censorship issues, to Facebook and Twitter playing a role in fueling opposition protests in Iran and to a Nigerian court banning a civil rights group from using social media to debate amputations for convicted thieves.

“It highlights the fact that technology has political impacts beyond its business model,” said Eddan Katz, international affairs director for San Francisco’s Electronic Frontier Foundation. “It’s not just a form of communication, but a political opportunity in terms of freedom of expression.”

The United States has in the past used media such as movies and radio broadcasts to help spread a view of American life and values around the world.

Avoiding state control

But new technologies such as social networks, text messaging, YouTube, Wikipedia and search engines can now be delivered at lightening speed directly into the hands of ordinary people, providing an end-run around government-controlled media or corporations.

It’s ingrained into Silicon Valley culture, where “there’s still kind of a romanticized view of information technologies being by nature open and free and equalizing,” said Steven Weber, a professor of political science at UC Berkeley. “But to be perfectly honest, there’s an enormous amount of evidence to say that most of that is wishful thinking.”

Nevertheless, the U.S. government has recognized that those tools are to the age of digital technology what sledgehammers were when the Iron Curtain divided Europe.

Last year, the State Department asked San Francisco’s Twitter Inc. to delay scheduled maintenance to let people in Iran continue to use the microblogging network to coordinate protests after the re-election of President Mahmoud Ahmadinejad. At the time, a State Department spokesman said the request was “about giving their voices a chance to be heard.”

Earlier this month, the Treasury Department’s Office of Foreign Assets Control relaxed sanctions against Iran, Sudan and Cuba to allow the export of some software, freely available elsewhere, for Web browsing, blogging, e-mail, instant messaging, chat, social networking, and sharing photos and movies.

Those applications make it easier for citizens of those countries to “exercise their most basic human rights” and “communicate with each other and the outside world,” Deputy Treasury Secretary Neal Wolin said in a statement.”

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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 and cleantech portfolio companies. These companies were not necessarily in Crisis, had CASH (in some cases significant CASH) and/or investor groups that were about to provide additional funding. In order stabilize their go forward plan and maximize CASH resources for future growth, there was a specific need to address the Balance Sheet and Contingent Liability issues as soon as possible.

Some of the areas in which Gerbsman Partners has assisted these companies have been in the 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, computer and hardware related leases and senior and sub-debt obligations. To date, Gerbsman Partners has terminated or restructured over $790 million of such obligations. These were a mixture of both public and private companies, and allowed the restructured company to return to a path of financial viability.
  • Accounts/Trade payable obligations – Companies in a crisis, turnaround or restructuring situation typically have accounts 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 enterprise value based on the reality and 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 track record in this area.

Date Certain M&A Process

Gerbsman Partners developed its proprietary “Date Certain M&A Process” in 2002. Since that time, the process has evolved into a 6-8 week time frame vehicle for maximizing enterprise and asset value for under-performing venture capital and senior lender backed medical device, life science and technology Intellectual Property based companies. To date, Gerbsman Partners has maximized enterprise and asset value for over 60 of these companies. A description of this proven process can be reviewed on the Gerbsman Partners website.

About Gerbsman Partners

Gerbsman Partners focuses on maximizing enterprise value for stakeholders and shareholders in under-performing, under-capitalized and under-valued companies and their Intellectual Property. Since 2001, Gerbsman Partners has been involved in maximizing value for 60 Technology, Life Science and Medical Device companies and their Intellectual Property, through its proprietary “Date Certain M&A Process” and has restructured/terminated over $790 million of real estate executory contracts and equipment lease/sub-debt obligations. Since inception, Gerbsman Partners has been involved 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, Alexandria, VA, San Francisco, Europe and Israel.

For additional information please visit www.gerbsmanpartners.com

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