Terremark Worldwide, Inc.(TMRK)- NASDAQ
TMRK is defunct.
  • Jan. 31, 2011, 3:59 PM
    With Verizon's (VZ -0.1%) buyout of Terremark (TMRK +0.1%) potentially changing the cloud game, the CEO of rival Savvis (SVVS +1.6%) admits he doesn't know if his firm will be in standalone mode in 12 months. "It’s very difficult to say," he says. "But right now, we’re running business just like we did last week."
    | Jan. 31, 2011, 3:59 PM
  • Jan. 28, 2011, 3:20 PM
    Verizon's (VZ -1.8%) $1.4B bid for Terremark (TMRK +34.7%) has not only lifted the latter's stock to a 52-week high, but also those of at least two other web/cloud companies that might be the next takeover targets. They are Savvis (SVVS +15.4%) and Rackspace (RAX +6%).
    | Jan. 28, 2011, 3:20 PM
  • Jan. 28, 2011, 1:48 PM

    Verizon's (VZ -2%) plans to keep cloud infrastructure provider Terremark's (TMRK +34.9%) management in place is puzzling. Terremark has lost money for 2 years - but at least the company's real estate is "both valuable in its own right and an asset that Verizon can wring some profit out of." Terremark owns 13 data centers globally.

    | Jan. 28, 2011, 1:48 PM
  • Jan. 28, 2011, 8:46 AM

    Some of Terremark's (TMRK) peers are enjoying a premarket boost after the Verizon (VZ) takeover announced late yesterday: SVVS +16.7%, RAX +7.7%, INAP +7.6%, EQIX +6.1%. TMRK +36.2%, VZ -0.2% premarket.

    | Jan. 28, 2011, 8:46 AM
  • Jan. 27, 2011, 5:10 PM

    Verizon (VZ) says it will buy Terremark Worldwide (TMRK) for $19/share in cash, or $1.4B, a 35% premium over today's closing price of $14.05/share. Verizon expects to close the tender offer late in Q1. TMRX halted; VZ +0.4% AH. (PR)

    | Jan. 27, 2011, 5:10 PM
Company Description
We are a global provider of managed IT solutions with data centers in the United States, Europe and Latin America. We provide carrier neutral colocation, managed services and exchange point services to approximately 1,100 customers worldwide across a broad range of sectors, including... More
Sector: Technology
Industry: Telecom Services - Foreign
Country: United States