BNET Industries
Market Cap:$234.1M
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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government and mci inc. - All News and Analysis
In Our Opinion: AT&T, MCI Verizon Continues To Harvest Customers
The following feature is part of a larger report just released by activist group TeleTruth. Telecom Policy Report welcomes your comments on this subject. Please send them to Debra Wayne at dwayne@accessintel.com. In 2001, AT&T and MCI had 62 percent of households using their long- distance service. What...
Justice near OK of AT& T-BellSouth deal with no restrictions
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...
Looking Back: The Telecom Year In Review
How 2005 Did And Didn't Shape Up Welcome to 2006. Right after New Year's Day is a traditional time for reflection, so Telecom Policy Report once again offers a glimpse at the past year's highlights (TPR, Dec. 22, 2004). The 2005 regulatory and legislative scene saw...
Verizon's MCI acquisition approved by FCC
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
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
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...
SBC, Verizon deals expected to get Justice's OK today
The Justice Department plans to clear the SBC-AT&T and Verizon-MCI mergers today, paving the way for the landmark deals to speed to completion, people with direct knowledge say. SBC, meantime, is proceeding with plans to change its corporate name to AT&T, people with direct knowledge say. SBC's name change...
Telecom mergers make progress
Two big mergers that will reshape the telecom industry appear set to clear major hurdles as early as this week. SBC Communications tentatively has agreed to a key concession to win antitrust approval for its purchase of AT&T, and Verizon has done the same for its merger with MCI,...
FCC Rumored In 'Mega-Merger' Debate With Conditions In Play
The Federal Communications Commission reportedly is in the final stages of deliberating how to acceptably approve the proposed $16 billion SBC Communications/AT&T and the $8.5 billion Verizon Communications/MCI deals, with a heavy focus of debate among commissioners and staff on whether or to what extent conditions...
AT& T to live on after merger
NEW YORK -- SBC plans to dump its corporate moniker and adopt the fabled AT&T name once federal regulators bless the two companies' merger, people with direct knowledge of the matter say. Those people caution that it's possible SBC's plan could still change. The company might also choose to...
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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