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newratings.com  Jul 8  Comment 
WASHINGTON (dpa-AFX) - While strength is visible among most of the major sectors on Friday, networking stocks have shown a particularly strong move to the upside. Reflecting the strength in the networking sector, the NYSE Arca Networking Index has...
Motley Fool  Jul 8  Comment 
The two companies called off their merger as the video conferencing specialist accepted a better deal.
Reuters  May 19  Comment 
* Mitel receives U.S. Federal Trade Commission approval for proposed acquisition of Polycom Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)
Motley Fool  Apr 20  Comment 
Hot on the heels of agreeing to be acquired by Mitel, here's what investors need to know about the video conferencing specialist's latest quarter.
Reuters  Apr 20  Comment 
* Elliott Associates And Affiliates Say They Have Combined Economic Exposure In Mitel Networks Corp Of about 10.7 percent as of april 19 - sec filing




 
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Mitel Networks (MITL) (NASDAQ:MITL) is a service company that provides integrated communication solutions for small-to-medium corporations (SME). Its products integrates voice, video, and data communications with business applications. The company heavily invests in Internet Protocol (IP) based communications to research new technologies, having over 1,600 patents and pending applications. [1]

Many companies have a data network which uses Internet Protocol, while separating its voice communication by using telephones. The use of the simple telephone network prevents it from integrating with other business applications. As a result, businesses are shifting to using IP-based communications. [1]

The company's initial public offering of stock filed on the NASDAQ exchange on 22 December 2009. The proposed offer price range is $18.00-$20.00. The company is offering 10.5 million shares and raising $200 million. [1]

For the nine months ended 31 January 2010, the company reported $484.0 million in total revenue, down 14% from $563.7 million in total revenue for the nine months ended 31 January 2009. Furthermore, the company had $15.2 million in net income for the nine months ended 31 January 2010, down 74% from $58.5 million in net income for the nine months ended 31 January 2009. [1]

References

  1. 1.0 1.1 1.2 1.3 Mitel Networks F-1/A
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