BNET Industries
Market Cap:$226.5M
Last Fiscal Year Sales:$29.1M
- Public
- US
Dow Jones Description
Investment Fund
President
Clifford M. NoreenContact Information
c/o Babson Capital Management LLC 1500 Main St Ste 600
Springfield, Massachusetts 01115
(413) 226-1516
Peer Companies
NAICS Code Floor Covering Stores: 442210
News & Analysis
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embratel and mci inc. - All News and Analysis
MCI, TELMEX Close Embratel Transaction
- 2004-07-23
ASHBURN, Va. & MEXICO CITY -- MCI, Inc. (NASDAQ:MCIP) and Telefonos de Mexico, S.A. de C.V. (NYSE:TMX; NASDAQ:TFONY) today announced that TELMEX has completed its acquisition of MCI's equity stake in Brazilian telecommunications provider Embratel Participacoes (NYSE:EMT).
MCI can sell stake in Embratel to Telmex.(Brazil)(Brief Article)
- 2004-06-01
U.S. Bankruptcy Judge, Arthur J. Gonzalez has ruled that MCI can sell its Brazilian unit, Embratel Participacoes to Mexico's largest phone company, Telmex, instead of selling it to a rival group, Calais Participacoes SA. Although Calais is giving a higher offer of $550 million, MCI will...
Telmex to have complete control of Embratel in 3 months.(Telefonos de Mexico S.A. de C.V.)(Brief Article)
- 2004-04-01
Telmex, which recently acquired the leading long distance operator in Brazil from MCI, expects to take over the company's operations in the next 90 days. The transaction still awaits approval from the local regulator but it is expected to get a clean bill of health. Telmex ...
MCI.(Company news)
- 2004-04-01
Bankrupt U.S. telecom firm MCI sold its stake in Brazilian provider Embratel Participaceos to Telefonos de Mexico for US$360 million. MCI paid ... Bankrupt U.S. telecom firm MCI sold its stake in Brazilian provider Embratel Participaceos to Telefonos de Mexico for US$360 million. MCI paid...
MCI to sell share of Embratel to Telmex.
- 2004-03-17
Mexico, Mar 15, 2004 (El Economista/SABI via COMTEX) Mexico, Mar 15, 2004 (El Economista/SABI via COMTEX)
Telmex acquires Embratel for US$360mn.
- 2004-03-17
MEXICO CITY, Mar 16, 2004 (El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Telefonos de Mexico Telmex has acquired the stake of WorldCom MCI in the Brazilian telecom company Embratel for US$360 million, reported the com MEXICO CITY, Mar 16, 2004 (El Economista/Corporate Mexico...
MCI signs agreement to sell stake in Embratel to Telmex.
- 2004-03-16
MEXICO CITY, Mar 15, 2004 (Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- WorldCom has signed an agreement to sell its stake in Brazilian telephone company Embratel to Telefonos de Mexico Telmex for US$360 million. MEXICO CITY, Mar 15, 2004 (Notimex/Corporate Mexico by Internet ...
Five years after privatization Telesp is most profitable.(Brazil)(Brief Article)
- 2003-07-01
It has been five years since the privatization of the Brazilian telecommunications assets, formerly known as Telebras, and the local incumbent of the state of Sao Paolo, Telesp, ranks as the most profitable. Telefonica has invested US$4.9 billion in Telesp and obtained a 41.1% return on...
Brazil: WorldCom unbinding process knocks down Embratel" shares.
- 2000-11-03
The US WorldCom is to unbind its assets from the long distance carrier MCI, following the steps of its main competitor AT&T which is to splitinto four companies. The unbind of WorldCom knocked down the shares of the Brazilian Embratel, controlle The US WorldCom is...
MCI WorldCom Reports Fourth Quarter 1999 Results - Company Financial Information
- 2000-02-14
MCI WorldCom, Inc. (Nasdaq:WCOM) Thursday reported fourth quarter earnings before goodwill amortization ("cash earnings") of $1.6 billion, or $0.54 per common share. Reported net income, after goodwill amortization, was $1.3 billion, or $0.44 per common share. Reported net income, excluding net gain items of $112 million before...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Clifford M. Noreen | President |
| William J. Barrett | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Donald Glickman | Board of Directors |
| Marshall D Butler | Board of Directors |
| Martin T. Hart | Board of Directors |
| Robert E. Joyal | Board of Directors |
President (since 2008), Vice Chairman (2007-2008), Member of the Board of Managers (since 2006), Managing Director, Babson Capital; President (2005 - 1/2009), Vice President (1993- 2005) of the Trusts. Vice President (since 1996), HYP Management LLC (LLC Manager); Director (since 2005), MassMutual Corporate Value Limited (investment company); Director (since 2005), MassMutual Corporate Value Partners Limited (investment company); Senior Vice President (since 1996), MMHC Investment LLC (passive investor); Managing Director (since 2006), MassMutual Capital Partners LLC (investment company); Director (since 2008), Jefferies Finance LLC (a finance company); Member of Investment Committee (since 1999), Diocese of Springfield.
| Organization | Position | Status |
|---|---|---|
| MassMutual Corporate Investors | President | Current |
| MassMutual Corporate Investors | Chair of Board | Current |
Chairman (since 1992), Donald Glickman and Company, Inc. (private investments); and Partner (since 1992), J.F. Lehman & Co. (private investments). Director (since 1984), Monro Muffler and Brake, Inc. (automobile repair service); and Lead Director (since 1998), MSC Software Corp. (simulation software).
| Organization | Position | Status |
|---|---|---|
| MassMutual Corporate Investors | Board of Directors | Current |
| MassMutual Participation Investors | Board of Directors | Current |
| Monro Muffler Brake, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Infinity Venture Capital Fund | Chairman of the Board | Current |
| MassMutual Corporate Investors | Board of Directors | Current |
| Alpha Technologies | Board of Directors | Current |
| Kyocera Corporation | Director | Former |
MARTIN T. HART has been a director of ValueClick since March 1999. Mr. Hart has been a private investor in the Denver area since 1969. He has owned and developed a number of companies into successful businesses, and has served on the board of directors for many public and private corporations. Presently, Mr. Hart is serving on the board of the following public companies: MassMutual Corporate Investors, an investment company; MassMutual Participation Investors, an investment company; Texas Roadhouse, a restaurant chain; and Spectranetics Corporation, a medical device company. He also continues to serve on the board of directors of several private companies. Mr. Hart graduated with a B.A. from Regis University and is a Certified Public Accountant.
| Organization | Position | Status |
|---|---|---|
| ValueClick, Inc. | Director | Current |
| Private Lessons Channel | Board Member | Current |
| MassMutual Corporate Investors | Board of Directors | Current |
| Mediaplex | Director | Current |
| Texas Roadhouse, Inc. | Board of Directors | Current |
| The Spectranetics Corporation | Board Director | Current |
| Willie's Corner | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Beacon Power Corporation | Current | |
| Private Equity | Director | Current |
| Scottish Re Limited | Board of Directors | Current |
| Corporate Governance | Board of Directors | Current |
| Alabama Aircraft Industries, Inc. | Director | Current |
| Jefferies Group, Inc. | Director | Current |
| MassMutual Corporate Investors | Board of Directors | Current |
| MassMutual Corporate Investors | Trustee | Current |
| MassMutual Corporate Investors | trustee | Former |
William J. Barrett , 69, Secretary of the Company since 2001, was a director of the Company from 1996 to 1997 and rejoined the Board of Directors in 2001. Mr. Barrett is President of Barrett-Gardner Associates, Inc., a private merchant banking firm; Director of MassMutual Corporate Investors and MassMutual Participation Investors, closed-end investment trusts; Director, Executive Vice President, Assistant Treasurer and Secretary of Supreme Industries, Inc., a specialized manufacturer of truck bodies and shuttle buses; Director of TGC Industries, Inc., a geophysical services company; and Chairman of the Board of Rumson-Fair Haven Bank and Trust Company, a New Jersey state independent, commercial bank and trust company.
| Organization | Position | Status |
|---|---|---|
| MassMutual Corporate Investors | Director | Current |
| Chase Packaging Corp | Secretary | Current |
| Tgc Industries, Inc. | Director | Current |
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