Via News Release
“MINNEAPOLIS–(BUSINESS WIRE)– (Nasdaq: SSYS) Stratasys today announced the tenth anniversary of its Dimension 3D Printer line, the first of its kind to bring 3D printing technology to a broad audience and accelerate the trend of 3D printer use in the market today.”
Via News Release
“MINNEAPOLIS– Stratasys, Inc. (NASDAQ:SSYS) today announced fourth quarter and full year financial results.
The company reported record revenue of $43.6 million for the fourth quarter ended December 31, 2011, a 28% increase from the $34.0 million for the same period last year. System shipments totaled 700 units for the fourth quarter of 2011, compared to 632 units for the same period last year.
The company reported net income of $5.8 million for fourth quarter, or $0.27 per share, representing a 34% increase over the net income of $4.3 million, or $0.20 per share, for the same period last year.”
Via News Release
“MINNEAPOLIS, Jan.16, 2012 – Best Buy Co., Inc. (NYSE: BBY), today announced leadership changes to accelerate its strategy by aligning the company’s senior operating talent with its highest priorities.
“To make the most of the profitable opportunities we see both domestically and internationally, we are establishing dedicated responsibility with two of our senior executive leaders, Shari Ballard [named President, Best Buy International] and Mike Vitelli [named President, Best Buy U.S.],” said Brian J. Dunn, Best Buy CEO.”
By Elizabeth Woyke, Forbes
“In a bid to boost revenues and capitalize on the connected devices trend, Best Buy has combined several of its retail groups to into what it calls a “connectivity business group”. The group will sell a range of devices from computers to tablets, e-readers and cellphones along with associated service plans in Best Buy and Best Buy Mobile stores. Best Buy made the announcement at a small reporters event on the sidelines of the Consumer Electronics Show (CES).”
By Larry Downes, Forbes
“Electronics retailer Best Buy is headed for the exits. I can’t say when exactly, but my guess is that it’s only a matter of time, maybe a few more years.
Consider a few key metrics. Despite the disappearance of competitors including Circuit City, the company is losing market share. Its last earnings announcement disappointed investors. In 2011, the company’s stock has lost 40% of its value. Forward P/E is a mere 6.23 (industry average is 10.20). Its market cap down to less than $9 billion. Its average analyst rating, according to The Street.com, is a B-.”
Bu Josh Gingold, ZDNet
Next week’s expected closing of Best Buy’s $167 million deal to purchase mindSHIFT Technologies represents a watershed moment for small business IT services. In the acquisition announced last month, Best Buy will add more than 5,000 small and medium business clients for cloud, data center, and professional services on top of its existing (and considerable) business and retail services.
The move is especially important not only for what it means to Best Buy and mindSHIFT, which both stand to gain a great deal in terms of business and customers, but also what it may mean for independent managed service providers who may find it more difficult to compete in markets where the new company operates.”
Via News Release
“OAKDALE, Minn.–Dec. 20, 2011– Imation Corp. (NYSE: IMN), a leading global technology company dedicated to helping people and organizations store, protect and connect their digital world, today announced it has acquired intellectual property and other assets, including key data deduplication technology, from Nine Technology.”
Via News Release
“Minneapolis – December 20, 2011 – MakeMusic, Inc. (NASDAQ: MMUS) today announced it has signed an agreement to acquire Garritan Corporation, the world’s leading provider of software musical instruments. Under the terms of the agreement, Garritan Corporation will become a wholly-owned subsidiary of MakeMusic. Founder Gary Garritan will be joining MakeMusic as director of instrumental sciences. Closing is subject to customary conditions and is expected to occur within the next few weeks.”
By Sam Black, Minneapolis-St.Paul Business Journal
“Target Corp. plans to relocate 3,900 of its corporate technology workers from downtown Minneapolis to its Brooklyn Park campus over the next three years, according to spokeswoman Molly Snyder.
“Due to continued, steady growth, Target has outgrown the company’s available downtown Minneapolis space,” Snyder said in an e-mail. “Therefore, as part of strategic, long-term growth planning, Target hopes to begin to develop a corporate technology campus on our Brooklyn Park site.”
Via News Release
“MINNEAPOLIS, Dec. 6, 2011 - SPS Commerce (Nasdaq:SPSC), a leading provider of on-demand supply chain management solutions, today announced that it has partnered with DropShip.com, a leading drop-shipping software platform provider.
Members of SPS’ Retail Universe online community will be able to enhance their company profiles to include web-ready content from DropShip.com and demonstrate their e-commerce readiness to potential retail partners.”
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