Want to get a CEO's dander up? Say his company could be sold to a competitor. The dander is up at UGS PLM Solutions, which parent company EDS is considering selling. There was an initial public offering last October. But since then, there have been rumors that a competitor would buy the company. Not so, says John J. Clendening, the company's senior vice president of marketing communications. EDS is only talking to private equity firms and IPO underwriters, not competitors. Expected price EDS expects to get: more than two times the subsidiary's 2003 revenues of approximately $900 million.
The Internet happened.” Those three words spoken yesterday by Marc Ostertag, North America president of B&R Automation at Pacific Design & Manufacturing, now taking place in Anaheim through Feb. 11, continues to bring ever-lasting changes to our ways of life and will undoubtedly transform manufacturing.
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