BNET Industries
Market Cap:$234.9M
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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mci inc. and telephony - All News and Analysis
In The United States, Recent Years Have Seen a Significant Degree of Consolidation amongst Telecommunications Operators Such As MCI Agreed To Be Acquired By Verizon Communications.
M2 PRESSWIRE-4 October 2006-Research and Markets: In The United States, Recent Years Have Seen a Significant Degree of Consolidation amongst Telecommunications Operators Such As MCI Agreed To Be Acquired By Verizon CommunicationsC1994-2006 M2 COMMUNICATIONS LTD RDATE:06102006 Dublin - Research and Markets...
Verizon profit dips on merger costs
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...
Axtel eyes acquiring Alestra or Avantel of Mexico.(MEXICO)
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...
US Justice Dept. approves SBC-AT&T, Verizon-MCI mergers
WASHINGTON AFP — The US Justice Department approved the telecommunications industry mega-mergers of Verizon with MCI and SBC Communications with AT&T, subject to the divestiture of some operations by both groups. The approvals clear a major hurdle to the deals that create two telecom powerhouses in the United States....
Telecom Mid-day Update.
M2 PRESSWIRE-31 March 2005-Hansel Capital: Telecom Mid-day UpdateC1994-2005 M2 COMMUNICATIONS LTD RDATE:30032005 Houston, TX - Hansel Capital Report -Both the DOW 10,507.67 +101.97 (+0.98) and the NASDAQ 2,000.62 +26.74 (+1.35) are up big today. Thanks, in part, to the...
Telecom Review.
M2 PRESSWIRE-31 March 2005-Hansel Capital: Telecom ReviewC1994-2005 M2 COMMUNICATIONS LTD RDATE:31032005 Houston, TX - Hansel Capital Report -Both the DOW 10,540.93 +135.23 (+1.30) and the NASDAQ 2,005.67+31.79 (+1.61) were up big yesterday. MCI Inc (NASDAQ: MCIP) is the center...
Interview with David Barden
MARK HAINES, CNBC ANCHOR: We`re back. In today`s "Sector Spotlight": telecom. Banc of America Securities hosting its media, telecom and entertainment conference in New York. Three themes dominating the telecom agenda: consolidation; the emerging battle between cable and phone companies; and the...
Nightly Business Report
JEFF YASTINE, NIGHTLY BUSINESS REPORT ANCHOR: More wedding bells could be in the works for the telecom industry, with Qwest eyeing MCI. A look at the combination and what the $6 billion deal would do to the telecom landscape. LINDA O`BRYON, NIGHTLY BUSINESS REPORT ANCHOR: Then, President...
Lies, phones and UNE-P.(Consultant's Corner)(Unbundled Network Element-Platform)
In late 2002, when the FCC decided not to eliminate the Unbundled Network Element-Platform (UNE-P) requirement, I fully expected the RBOCs to appeal the decision, but I didn't think they'd prevail. I was right on the first issue, the RBOCs did appeal, but wrong about the ...
Drawing The Battle Lines On Telecom Reform
MCI's Proposal Establishes A Framework For The Debate Unlike the decade of debate leading up to the 1996 Telecom Act, the next long and bitter legislative fight waged in the U.S. Congress will not be about local exchange competition or Bell company access to the interstate long distance market....
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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