BY NICK WAD
Mitel’s (TSX:MNW, Nasdaq:MITL) aggressive move to acquire a competitor is a signal that the integration of Aastra is going well.
it sent to ShoreTel’s board on October 2nd.This morning, Mitel announced it has made a proposal to the board of ShoreTel (Nasdaq:SHOR) to acquire all its outstanding shares for $8.10 per share in cash, or about $540-million. The offer is a 24% premium to ShoreTel’s closing stock price on Oct. 17th. The company was rebuffed in a letter
“The business communications market is rapidly consolidating and Mitel has clearly stated that we intend to be a consolidator in this market. We see a compelling opportunity to bring together two market innovators with strong and complementary market footprints, particularly in the United States, where ShoreTel does more than 90 per cent of its
business, in a way that delivers significant value and opportunities to the shareholders, customers and employees of both companies,” said CEO Rich McBee. “We are disappointed that the ShoreTel board has rejected our proposal and refused to engage with us. Mitel continues to believe that the proposal offers ShoreTel shareholders an attractive premium. We remain open to constructive and progressive discussions and for that reason I have advised the ShoreTel board that our proposal will remain open until 5 p.m. ET on Nov. 20, 2014.”
Tse says he sees Mitel’s move to acquire ShoreTel as a positive for two reasons. First, he thinks its signals that the massive integration of Aastra is going well. Second, he believes the company’s move to consolidate a mature market can create cost synergies. He thinks the ShoreTel pickup could add more than $0.20 to Mit
“In our travels, we’d note that the big concern of investors has been with the confidence in Mitel’s ability to surface $75MM in synergies,” says Tse. “No doubt, the move to acquire ShoreTel should signal the contrary. And with an eye for acquisitions, we see meaningful upside to this stock looking ahead.”el’s EPS in Fiscal 2015.
In a research update to clients this morning, Tse reiterated his “Top Pick” rating and $16.00 one-year target on Mitel.
ET&T is proud to be Cetronia’s preferred vendor of choice.
Congratulations Larry Wiersch, great friend, great customer.
The Heroes Campaign is conducted by companies, groups, individuals, and schools to raise money for local Red Cross services during March ( National Red Cross Month).
ET&T will be hosting a “Heroes for the American Red Cross” event on April 2, 2014, at P.J. Whelihan’s, 4595 Broadway, Allentown, PA. Please click on the flyer below to download and print. Please present this flyer to your server. 15% of all the evenings proceeds will go to the Greater Lehigh Valley Chapter of The American Red Cross. There will also be a raffle being held at this event with a chance to win 4 tickets for Zip Lining at Camelback Mountain Resort! HOPE TO SEE YOU AT THE EVENT!
EXAMPLES OF HOW YOUR DONATIONS ARE USED:
After working for years to build business in Lehigh County, a local economic development professional is launching – with her husband – a new business of her own.
Feinberg Real Estate Advisors LLC in South Whitehall Township will offer commercial and industrial brokerage services, in addition to development consulting, investment sales, government relations, real estate law closings and title insurance. The firm is headed by Cindy McDonnell Feinberg and Gregg Feinberg.
“For a client who is looking for the full package, we think my development, legal experience, our qualifications for brokers, offers a set of skills you don’t get from a typical brokerage firm,” Gregg Feinberg said.
Their goal is to offer clients “from contract to closing” services.
Feinberg, an attorney, said he has performed real estate law for years and serves as general counsel for firms that include Computer Aid Inc., IntegraOne and Boyle Construction. He formed Feinberg & Associates, now Feinberg Law Office, and since 1997 has worked as a commercial and industrial real estate developer and is a principal in Ridgeview Limited Partners and multiple real estate partnerships. He said he developed more than 3.5 million square feet of commercial and industrial space.
As an example, Bethlehem Mayor John Callahan hired Feinberg to be a project manager and principal consultant to handle construction financing and approvals for the $22 million development of public spaces at SteelStacks in Bethlehem, including Levitt Pavilion and Bethlehem Landing Visitors Center on the former Bethlehem Steel site.
Feinberg coordinated, supervised and managed the architects, engineers, multiple construction managers and stakeholders in this urban revitalization project. He also is immediate past chairman of the Greater Lehigh Valley Chamber of Commerce.
“We’ve worked with all types of companies,” McDonnell-Feinberg said. “We have a lot of experience with government relations. A lot of the new businesses we have want to be a part of a community. We’re very fortunate in the Lehigh Valley that we do have a lot of interest in the Lehigh Valley.”
As the former director of Community and Economic Development for Lehigh County, she was directly responsible for the county’s community and economic development programs, regional partnerships, urban revitalization efforts, job creation, grants, affordable housing programs and quality of life programs, many of which help land new businesses such as Ocean Spray, Avantor Performance Materials and Hillwood Investment Properties.
She will continue to serve on the board of the Lehigh-Northampton Airport Authority until her term expires at the end of the year.
Prior to her county career, she was director of Markward Group, a commercial real estate brokerage firm. McDonnell-Feinberg is a Certified Commercial Investment Member, a designation with the Commercial Investment Real Estate Institute, an affiliate of the National Association of Realtors.
“It’s something that’s always been at the back of my mind,” she said of the new business.
The address is Feinberg Real Estate Advisors LLC, 1390 Ridgeview Drive, Suite 301, Allentown, its phone number is 610-709-6233, and its website is www.feinbergrea.com.
ET&T will be presenting the latest and greatest technology products that are available today to help business owners save time and money. We are looking forward to seeing everyone there.
Presenting Platinum Sponsor
Indian Valley Chamber Of Commerce
Celebrates it’s 17th Annual Business Expo
Cultivating Business: Cherishing our roots…Planting the seeds of the future.
The Business Expo is an ideal way to promote your business to other business people and the entire community. The past sixteen years have been a huge success and we anticipate this year to be the biggest yet. Don’t be left out – make sure to reserve your space early!
Doors open: 1:00 – 6:00 p.m.
Business Card Exchange 5:00 – 6:00 p.m.
Please feel free to click on any of the links or images above for more information.
ET&T is proud to announce that our President, Fusun Bubernack, has been nominated for Lehigh Valley Business’ CFO of the Year Award of the Greater Lehigh Valley. Fusun is being recognized for the critical role she plays in making ET&T successful and for contributing to the success of our region’s economic growth and stability.
Fusun will be recognized at the “CFO of the Year” awards breakfast ceremony on September 19th at DeSales University in Center Valley.
CONGRATULATIONS AND BEST OF LUCK!
Click on the image above for more information on this event.
Daku’s Auto Body Shop is a valued, loyal customer of ET&T. They were recently featured on WFMZ Channel 69 News for their innovative approach to customer service; affording their customers the luxury of watching their cars being repaired on Daku’s website.
Daku employees take pictures with their iPhones or iPads and upload them to the shop’s website so customers can log on and actually watch their cars being worked on.
ET&T is Daku’s outsourced IT department. We are the team behind the scenes of Daku’s state-of-the -art technology services. Their web is hosted and maintained by ET&T.
ET&T provides all of the benefits of an internal IT department for a fraction of the price of staffing one yourself. Let us take care of your IT needs so you can concentrate on your business.
Click on the play button to view the video featured on WFMZ below.
Congratulations to Mark Yablonski! He LIKED US on Facebook and won the tickets to our Fifth Annual Picnic and Ball Game on the Party Porch at Coca Cola Park.
Thanks to all who participated. We appreciate your support.
Vinart Dealerships are dedicated to providing a superior customer experience through their automotive sales, service and parts departments. The family atmosphere and dedication to personal services has helped their company grow to five locations with over 250 employees servicing eastern Pennsylvania and western New Jersey’s automotive needs.
Vinart holds a Triple A rating with the Better Business Bureau and is a multi-year winner of DealerRater.com’s Pennsylvania Dealer of the Year Award. Vinart’s award winning team of customer service professionals is always dedicated to finding new ways to improve customer satisfaction.
In their latest venture, Vinart partnered with ET&T for a comprehensive upgrade of their communication platform. Their new Mitel Communication Platforms deployed at Lehigh Valley Hyundai, Lehigh Valley Acura, Vinart Value Lot and the Vinart Collision Center were networked together to offer seamless integration, allowing Vinart to respond to customers’ needs with even greater precision.
“The Mitel communications platform has been instrumental in helping us improve customer communications by improving call flow, answer times and processing while helping us accurately identify appropriate staffing levels based on hourly and daily call volume,” said Andrew Wright, Vice President of Lehigh Valley Acura Honda Hyundai.
With the installation of Mitel’s Customer Service Manager Software, the Vinart family of dealerships receives reports of historical phone call data which is presented to key personnel via an email every day. There is also a monitor in the BDC that displays live call activity to insure they are responding to customers’ needs in a timely fashion. Alerts are sent to managers cell phones when key queue measurements are exceeded.
“ET&T was great to work with throughout the entire process. Michael Yablonski did a great job throughout the entire sales process including post-sale follow up. The entire technical support team has been very attentive,” said Andrew Wright. “They obviously know the product well and they came through with excellent pricing and have always delivered quality service. We liked doing business with them so much that we just purchased another system for a new location we are bringing on line in late July.”
Discover why successful organizations like Vinart count on ET&T for their communications and support needs. We’re ready to help your business with innovative, reliable voice communications that you and your clients can count on. Contact ET&T today at 800-733-8229 or firstname.lastname@example.org.
The 2013 Hasan Fehmi Erel S.T.E.M. Scholarship
The Women’s Business Council (WBC) of the Greater Lehigh Valley Chamber of Commerce provides a local forum for business women to discuss important issues and provides networking opportunities with the Chamber membership.
The Women’s Leadership Initiative (WLI) of the Greater Lehigh Valley United Way is a donor group that supports the community goals of the United Way by improving the lives of women and children through philanthropy, and volunteerism in the Lehigh Valley.
These two organizations come together in gratitude for Fusun Bubernack, a Philanthropist and Entrepreneurial woman, who has generously provided the funding for this scholarship in honor of her loving father, Hasan Fehmi Erel, and his commitment to the importance of quality education and the pursuit of excellence.
The Lehigh Valley Women’s Summit was a fabulous opportunity to spend the day with the Valley’s most influential women in business, philanthropy, government, education, healthcare and the arts.
The Frances Hesselbein Scholarship for the 2012-2013, was presented at The Summit along with additional scholarships from WLI, the Women’s Business Council and a STEM scholarship from Fusun Bubernack. The recipient of the STEM scholarship was Elivonne Mendez.
A Successful Event Thanks to Sponsors, Donors and Patrons
[Bethlehem], May 1, 2013 — The Red Cross Greater Lehigh Valley Chapter would like to take this opportunity to thank all those involved in making the recent annual Cabaret & Cuisine fundraiser a huge success. Just over $70,000 was raised to support the chapter’s lifesaving programs and services like disaster relief, health and human safety, blood services and service to the armed forces. Peter M. Brown, Regional CEO said, “It was a wonderful evening and a great start in my new role with the Red Cross. Events like these are only possible with the efforts of dedicated volunteers and the generous financial support of our business sponsors, board and community members.”
The event was held on Friday, April 12, 2013 at the Musikfest Café at ArtsQuest Center in Bethlehem.
About the American Red Cross: The American Red Cross shelters, feeds and provides emotional support to victims of disasters; supplies about 40 percent of the nation’s blood; teaches skills that save lives; provides international humanitarian aid; and supports military members and their families. The Red Cross is a not-for-profit organization that depends on volunteers and the generosity of the American public to perform its mission. For more information, please visit redcross.org.
SAVE THE DATE … SATURDAY, AUGUST 31, 2013
Join ET&T at Coca-Cola Park on Saturday, August 31, 2013 for our fifth annual Iron Pigs baseball game and picnic on the Party Porch. LEHIGH VALLEY IRON PIGS vs SCRANTON/WILKES-BARRE RAIL RIDERS. First pitch 6:35 PM. Food buffet from 5:30 to 7:30 PM.
Deadline to enter is July 1, 2013.
Click HERE to enter today
GOOD LUCK – HOPE TO SEE YOU AT THE BALL PARK!
LINDA ZAHORCHAK IS RETIRING AFTER 11 1/2 YEARS OF DEDICATED SERVICE!
ET&T would like to congratulate and send special wishes to Linda on her retirement. We wish her all the best. Linda’s last date will be April 26, 2013. After that, she will be enjoying her summer days at her cabin.
WE WILL MISS YOU LINDA!