GLG News by Hypercom Point of Sale Terminal Experts

Key Implications: Although Blackstone Group hasn't officially announced the date of its IPO, news of the Chinese Government investing $3 billion concurrently after Blackstone Group's IPO of its Management Division is completed, brings the much anticipated IPO to the forefront again.  On 05.21.07,...

Key Implications: U.S. IPOs raised 18% more money in the 1st Quarter of 2007, than in the past seven years, raising $12.1 Billion in proceeds. 26 of the 64 IPOs in 1st Qtr 2007 were backed by financial sponsors, which is up from 11 in 1st Qtr 2006, and financial sponsors raised $6.6 billion (55%) of...

Bank of America (NYS:BAC) and RBS are stuck between a rock and a hard place over ABN's (NYS:ABN) LaSalle Bank. B of A's current deal with ABN to buy LaSalle for $21 billion has been dragged into the Dutch and US courts. RBS also covets LaSalle, suggesting that LaSalle was worth about $24.5 billion....

Key Implications: Alliance Data, the private-label processor for speciality retailers, has agreed to be acquired by Blackstone Capital Partners for $7.8 billion, including $1.1 billion in debt.  Alliance Data is an 11-year old payments processor and sells marketing programs to clients such as Citigroup,...

Key Implications: SVPCO, the Clearing House Payments Company, announced a major milestone this week, reporting that for the first time in its history check image volumes and dollar value surpassed paper check volumes and dollar value, representing 51% of the 193.9 million items processed in April 2007....

Key Implications: The Chicago Mercantile Exchange has raised its original bid for the Chicago Board of Trade by 16% to $9.9 billion, to thwart IntercontinentalExchange bid for CBOT, who bided $10.5 billion, however, ICE's unsolicited bid has been rejected by CBOT Holdings Inc. Board of Directors. ...

Citi's recently announced $4.6 billion cost reduction program has led to speculation that the bank may consider a retail core banking system upgrade. An estimated $1.6 billion of these cost savings are tagged for IT savings. Included in these IT cost savings are a reduction of data centers from 42 to...

Key Implications:EFD announced 1st Quarter earnings on 5.9.07, reporting a dip in net income by 1.4% to $10.5 million, down from $10.7 million during the same period in 2006.  EFD's revenue also declined by 4% to $134 million, down from $140 million in 1st Quarter 2006.  EFD received a $1.3...

Key Implications:Hypercom's revenue is up by 6.3% or $64.8 million, compared to $60.9 million during the same quarter in 2006.  Hypercom acquired ACG Group and TPI Software, which resulted in $2.5 million in revenue in the 1st Quarter and the acquisitions also produced higher margins than some...

Key Implications:Heartland celebrates its 10-year anniversary in payment processing and merchant acquiring to post impressive 1st Quarter earnings and record processing volumes. HPS' 1st Quarter net income is up 56% from 2006, to $6.9 million.  In 2006, HPS processed one billion transactions and...