Billion-Dollar Alliances and Corporate Shifts

Strategic Insights -

Motorola Inc. and Cisco Systems Inc. have joined forces in a $1 billion alliance to create the world's first wireless Internet network, bridging the gap between wired and wireless Internet users. This ambitious project, which is expected to revolutionize global data, voice, and video services, has been in the works for about a year. Meanwhile, Nicor and Dynegy Inc. have begun constructing the Rocky Road Power Plant in East Dundee, Illinois, a 250-megawatt natural gas-fueled power generation facility that will supply power to various utilities and municipalities. Additionally, Rockwell International is relocating its world headquarters from Costa Mesa, California to Milwaukee, while Spyglass Inc.'s President and CEO, Douglas Colbeth, has taken a temporary medical leave due to a cardiac condition. Nalco Chemical Co. has also made significant acquisitions in Europe, expanding its share in the key water treatment market. Furthermore, Tribune Media Services has acquired JDTV, Inc., and the Metzler Group, Inc. has completed its merger with Strategic Decision Group Inc.

Key Takeaways:

  • Motorola and Cisco Systems have launched a $1 billion alliance to create the world's first wireless Internet network, which plans to provide data, voice, and video services worldwide.
  • The system has been in development for approximately one year and is expected to begin offering services in May.
  • Nicor and Dynegy Inc. are constructing the Rocky Road Power Plant, a 250-megawatt natural gas-fueled power generation facility in East Dundee, Illinois, with commercial operations scheduled to begin this summer.
  • Rockwell International is relocating its world headquarters from Costa Mesa, California to Milwaukee, with the aim of bringing staff closer to company businesses.
  • Spyglass Inc.'s President and CEO, Douglas Colbeth, is taking an eight-week temporary medical leave effective immediately due to a cardiac condition.
  • Nalco Chemical Co. has acquired three European businesses to increase its share in the key water treatment market, with total sales of approximately $10 million.
  • Tribune Media Services has acquired JDTV, Inc., which distributes television listings information to the cable and satellite television industries.
  • The Metzler Group, Inc. has completed its merger with Strategic Decision Group Inc. for approximately $125 million in Metzler Group stock, valued as a pooling of interests.

Statistics:

  • $1 billion: Motorola and Cisco Systems' alliance to create the world's first wireless Internet network.
  • 250 megawatts: The capacity of the Rocky Road Power Plant being constructed by Nicor and Dynegy Inc.
  • 8 weeks: The expected duration of Spyglass Inc.'s President and CEO, Douglas Colbeth's, temporary medical leave.
  • $10 million: The total sales of the three European businesses acquired by Nalco Chemical Co.
  • $125 million: The transaction value of The Metzler Group, Inc.'s merger with Strategic Decision Group Inc.
  • May: The month when Motorola and Cisco Systems plan to begin offering services for their wireless Internet network.

Sources:

  • Motorola Inc. and Cisco Systems Inc.
  • Nicor and Dynegy Inc.
  • Rockwell International
  • Spyglass Inc.
  • Nalco Chemical Co.
  • Tribune Media Services
  • The Metzler Group, Inc.
  • UPI News Provided by COMTEX (http://www.comtexnews.com)