Old news, but still pertinent:
Comdisco Wants to Add $750 Mln to Investment Fund, Crain's Says
Rosemont, Illinois, Jan. 30 (Bloomberg) -- Comdisco Inc., a supplier of leased computers and management services, wants to raise $750 million from institutional investors to bolster its investment fund, Crain's Chicago Business said, without citing sources. Comdisco has invested more than $2 billion in 700 technology startups, including Ariba Inc., Ask Jeeves Inc., Copper Mountain Networks Inc. and eToys Inc. Comdisco's investment fund accounted for 27% of the company's $261 million in pretax earnings, before charges, for the fiscal year ended Sept. 30, the paper said, citing company filings.
Comdisco's shares have more than doubled in the past 12 months, and the company reported record profit from operations in the fourth quarter of $59 million, or 36 cents a share.
(Crain's Chicago Business 1/31; crainschicagobusiness.com)
Jan/30/2000 12:58 |
