Celestica to buy Silicon plant, lands outsourcing deal

Article Abstract:

Celestica Inc., based in Toronto, Ontario, has entered into a large outsourcing contract with Mountain View, CA-based Silicon Graphics Inc., obtaining a deal to manufacture advanced computers and pledging to purchase a Silicon Graphics manufacturing plant in Chippewa Falls, WI. The deal marks the fourth acquisition for the year for Celestica. Both companies refused to reveal amounts paid for any part of the agreement. The agreement is going to be finalized at the end of June 1998. Celestica will continue to manufacture printed circuit board assemblies for Silicon Graphics' offering of supercomputers, including the Cray T90T, Cray T3ET and Cray J90T.

Comment:

Enters into large outsourcing contract w/ Silicon Graphics Inc, obtaining deal to manufacture advanced computers

Computers, Electronic Computer Manufacturing, Facilities & equipment, New orders received, Wisconsin, Silicon Graphics Inc., Celestica Inc.

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Infocorp rejects counteroffer

Article Abstract:

Infocorp Computer Solutions Ltd. of Winnipeg, Manitoba, rejected a combined all stock counteroffer from Telemetrix Resource Group Inc. and Tracy Corporation II valued at around C$12.7 million in an unnamed firm entering an initial public offering or IPO in the US. Infocorp is currently being offered a C$6-million all-stock bid by SLM Software Inc. Infocorp's board responded by saying that it lacked information on the financial condition and prospects of the both Telemetrix and Tracy, the unnamed company entering the IPO as well as its valuation of its shares and how the combination would be pursued.

Comment:

Offers a combined all stock counteroffer w/ Telemetrix Resource Group Inc at around C$12.7 mil

Computer Services, Computer Systems Design and Related Services, Manitoba, Information technology services, Infocorp Computer Solutions Ltd., Telemetrix Resource Group Inc., Tracy Corporation

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Certicom buying U.S. security software firm

Article Abstract:

Certicom Corp. of Mississauga, Ontario, is buying Consensus Development Corp., a Berkeley, CA-based security software firm for US$24.5 million in stock and cash. Under the deal, Certicom will pay $3 million for Consensus and issue 981,419 common shares as well as convert 428,603 Consensus stock options into Certicom options for finalization on Jul. 18, 1998. The move will expand Certicom's expertise in encryption technology into corporate computer networks and strengthen its research capabilities.

Comment:

Is buying Consensus Development Corp, a Berkeley, CA-based security software firm for US$24.5 million in stock and cash

Software Publishers, Communication Software Pkgs, Ontario, Telecommunications software, Network security software, Certicom Corp., Consensus Development Corp.

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