Pomeroy to be Acquired for $5.02 per Share

Pomeroy IT Solutions Inc. (Nasdaq: PMRY), an information technology ("IT") solutions provider, announced today that it has entered into a definitive merger agreement to be acquired by Hebron LLC, a holding company owned by David B. Pomeroy, II, a director of the Company and its founder (the "Agreement"). Mr. Pomeroy is the beneficial owner of approximately 20% of the outstanding shares of the Company's common stock. Under the terms of the Agreement, Hebron LLC will acquire all of the outstanding common stock of the Company not owned by Mr. Pomeroy and his wife for $5.02 per share. The offer represents a 30% premium over the May 19, 2009, closing price of $3.86, and a 41% premium over the last month average closing price of $3.55.

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ACTON, Mass. (May 19, 2009) – SeaChange International (NASDAQ: SEAC), the video-on-demand, IPTV and advertising systems leader, is participating in next month’s CommunicAsia exhibition in Singapore to demonstrate and discuss an unparalled range of innovations and services, including its latest IPTV service launch with Smart Digivision’s MyWay TV in India. With a major research and development facility in Shanghai and significant regional operations in India, Japan, the Philippines and elsewhere, SeaChange has played a major role in the digitally driven evolution of Asia Pacific’s television industry for more than a decade.   “SeaChange is rooted throughout Asia Pacific,” said Lincoln Owens, director of broadband for Asia Pacific, SeaChange. “Our years of experience and commitment to the special requirements across the region enable us to continue to help operators innovate with IPTV, VOD and advertising.

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tw telecom Reports First Quarter 2009 Results

- Achieved 35.1% M-EBITDA margin, a 210 basis point expansion year over year -
- Delivered $14 million levered free cash flow, or 5% of revenue -
- Produced $3 million of Net Income, reflecting $0.02 earnings per share(1), representing growth of $0.05 per share year over year -

tw telecom inc. (Nasdaq: TWTC), a leading provider of managed voice, Internet and data networking solutions for business customers, today announced its first quarter 2009 financial results, including $297.6 million of revenue, $104.4 million in Modified EBITDA(2) ("M-EBITDA") and net income of $2.9 million.

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Savvis Reports First Quarter 2009 Results

Savvis, Inc. (NASDAQ: SVVS), a global leader in IT infrastructure services, today reported its first quarter 2009 financial results, with revenue of $221.5 million, compared to $203.3 million in the first quarter of 2008. First quarter 2009 revenue included $3.0 million of non-recurring, early termination fees. Income from operations was $15.6 million, compared to ($0.4) million in the first quarter of 2008. The company also reported net income of $0.6 million, or $0.01 per share, compared to a first quarter 2008 loss of ($7.3) million, or ($0.14) per share.

Adjusted EBITDA for the first quarter of 2009 was $58.8 million, compared to $40.3 million of adjusted EBITDA in the first quarter of 2008.

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Google Announces First Quarter 2009 Results

Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended March 31, 2009.

"Google had a good quarter given the depth of the recession -- while revenues were down quarter over quarter, they grew 6% year over year thanks to continued strong query growth. These results underline both the resilience of our business model and the ongoing potential of the web as users and advertisers shift online," said Eric Schmidt, CEO of Google. "Going forward, our priority remains investing for the long term to drive future growth in our core and emerging businesses."

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