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Sunday, April 19 2015 12:38am ET - U.S. Markets Closed.
Industry Center - Telecom Services - Foreign
Industry Center > Telecom Services - Foreign
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Industry Market Summary
Telecom Services - Foreign
Composite Value: 2516.5
Today's Change: -2.07%
S&P 500: -1.13%
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[Telecom Services - Foreign (^YHOh905)]
Telecom Services - Foreign News
Group of Concerned iPass Inc. Shareholders Combine to Form "iPass Shareholders for Change"
Thu Apr 16 (PR Newswire)
LAGUNA BEACH, Calif., April 16, 2015 /PRNewswire/ -- A group of iPass Inc. (IPAS) ("iPass" or the "Company") investors, led by Maguire Asset Management, Francis Capital Management, and Foxhill Opportunity Fund, who collectively own approximately 7.7% of iPass' shares outstanding, announced today that they have combined to form "iPass Shareholders for Change" and that they will be seeking to reconstitute the Board of Directors of iPass (the "Board") at the Company's upcoming 2015 Annual Meeting, which is expected to be held in June. iPass Shareholders for Change also announced today that it has issued an open letter to iPass shareholders in which the group, among other things, details how certain of its members have attempted for many years to work constructively with the Board to improve the Company's performance and governance, enhance value and restore investor confidence, but to no avail. Also in the letter, the investor group expresses its profound disappointment with the failure of leadership at iPass under the current Board, and the group's belief that new leadership is not only warranted at iPass, but long overdue. To that end, iPass Shareholders for Change expects to file later today preliminary proxy materials with the Securities and Exchange Commission for the election of five new, highly-qualified director nominees at the 2015 Annual Meeting. iPass Shareholders for Change's director nominees are Richard A. Karp, Brent S. Morrison, Damien J. Park, Norman J. Rice, III and Kenneth H. Traub. Bios for each of the director nominees are included in the letter below.
Orange Business Services Acquires Ocean to Strengthen Its Vehicle Fleet Management Activities - (Business Wire)
Kicking off the Gigabit Age: Participants in first-ever multi-city gigabit hackathon to create new generation of tools, applications and immersive experiences - (PR Newswire)
More News on Telecom Services - Foreign: Latest News,
Industry Top Performers
Intraday Price Performance% ChangeMarket Cap
More Top Intraday Price Performers...
Market Capitalization% ChangeMarket Cap
Nippon Telegraph and Telephone [NTT] -1.16% $70.3 B
Telefonica SA Common Stock [TEF] -0.48% $63.9 B
China Telecom Corp Ltd ADS [CHA] -5.56% $61.8 B
Orange [ORAN] -2.23% $43.4 B
Philippine Long Distance Teleph [PHI] +0.28% $14.3 B
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Industry Calendar
Recent Events
Date Co Event
02/19/15 IPAS iPass Inc. downgraded by Chardan Capital Markets
02/18/15 IPAS iPass Inc. upside earnings surprise (+20.00%)
11/06/14 IPAS iPass Inc. upside earnings surprise (+37.50%)
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Industry Statistics
Market Capitalization:263B
Price / Earnings:15.5
Price / Book:5.9
Net Profit Margin (mrq):6.4%
Price To Free Cash Flow (mrq):36.5
Return on Equity:10.8%
Total Debt / Equity:106.8
Dividend Yield:4.5%
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