BNET Industries
Market Cap:$232.0M
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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finance and mci inc. - All News and Analysis
Justice near OK of AT& T-BellSouth deal with no restrictions
- 2006-10-11
The Justice Department is expected to clear AT&T's $67 billion purchase of BellSouth as early as today without requiring any divestitures, say people with knowledge of the matter. Justice could still shift course and require some last-minute concessions, these people say. But the department typically acts on telecom mergers before...
Verizon profit dips on merger costs
- 2006-05-02
NEW YORK AFP — Verizon Communications said first-quarter profits slipped 11 percent from a year ago after the cost of upgrading its network and integrating the recently acquired MCI business. The second-largest US telecom group posted a profit of 1.6 billion dollars, or 56 cents a share. But...
AT&T wins contract from Progress Software and Frost & Sullivan names MCI Asia Pacific most comprehensive data service provider.
- 2005-12-22
M2 PRESSWIRE-22 December 2005-US Financial Network: AT&T wins contract from Progress Software and Frost & Sullivan names MCI Asia Pacific most comprehensive data service providerC1994-2005 M2 COMMUNICATIONS LTD RDATE:22122005 City of Industry, CA - Wireless Communication industry news provided by...
Axtel eyes acquiring Alestra or Avantel of Mexico.(MEXICO)
- 2005-12-01
Axtel announced that it is interested in buying Alestra (49 percent of AT&T) or Avantel (49 percent of MCI) and may even make bids to acquire both long-distance and data companies. Axtel expects to close 2005 with a positive cash flow, and for next year it expects...
Hitting the merger pause button: AT&T and MCI were the big ones to watch in the long-distance industry, and now they've been gobbled up by Baby Bells. Are there lessons to be learned for wireless?
- 2005-11-15
WASHINGTON -- Wireless carriers could glean a lesson or two from last month's FCC approved of the SBC Communications/AT&T and Verizon Communications/MCI mergers, which marked an end to the two toughest long-distance competitors, analysts say. The wireless children of SBC and Verizon...
Hitting the Merger Pause Button (Wireless Week)
- 2005-11-15
AT&T and MCI were the big ones to watch in the long-distance industry, and now they've been gobbled up by Baby Bells. Are there lessons to be learned for wireless? WASHINGTON-Wireless carriers could glean a lesson or two from last month's FCC...
FCC OKs SBC/AT&T, and Verizon/MCI mergers
- 2005-11-04
The Federal Communications Commission approved the mergers of SBC Communications Inc. with AT&T Corp. and Verizon Communications Inc. with MCI Inc. The Commission concluded that consumers will reap the rewards of the public-interest benefits that will flow from these mergers. These benefits include integration of complementary networks, which will...
Verizon's MCI acquisition approved by FCC
- 2005-11-01
TELECOMWORLDWIRE-1 November 2005-Verizon's MCI acquisition approved by FCCC1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com The proposed acquisition of MCI Inc (Nasdaq:MCIP) by communications company Verizon Communications Inc (NYSE:VZ) has been approved by the US Federal Communications Commission FCC. The acquisition, which has already been approved by the US Department of...
FCC allows SBC, Verizon mergers — with conditions
- 2005-11-01
WASHINGTON -- Regulators agreed Monday to approve SBC Communications' takeover of AT&T and Verizon Communications' purchase of MCI -- deals that allow the nation's biggest phone companies to grow bigger -- but with conditions. By 4-0 votes, the Federal Communications Commission approved the multibillion-dollar mergers with conditions that...
US FCC approves two huge telecom mergers
- 2005-10-31
WASHINGTON AFP — The Federal Communications Commission approved SBC Communications' acquisition of AT and T Corp. and Verizon's purchase of MCI, increasing the size of the two largest US telecom groups. The FCC's four commissioners -- one seat is vacant -- voted just days after antitrust reviewers at the...
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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