Sabre Industries of North Wales withdraws IPO

Sabre Industries, a North Wales, PA, provider of equipment and services to the energy transmission and wireless industries, announced today it was withdrawing its planned IPO, "due to the current pricing environment for initial public offerings". It had planned to go public later this week, selling seven million shares at between $12 and $14 per share.


PE firm Corinthian Capital Group is the majority investor in Sabre Industries, whose primary products are towers and poles for wireless communications an energy transmission. Sabre reported a net loss of $9.6 million on revenues of $264.3 million for the 12 months ended Jan. 31.

Daily Links 6/7/2011: NBC wins Olympic rights; 76ers deal may be close

Comcast bids for Olympic-coverage rights (Philadelphia Inquirer)
Comcast should be finishing its presentation to the IOC right about now.

NBC wins U.S. TV rights to four Olympic Games through 2020 (USA Today)

NBC holds onto Olympics through 2020 with $4.3-billion bid (LA Times: Company Town)

Sources: 76ers sales talks ongoing (ESPN)

Clearwire, Comcast And Sprint Widen WiMax In Philly, Pittsburgh
Philadelphia 4G Network Now Covers 4.37 Million People; Pittsburgh Up to 830,000 (Multichannel News)

Liberty Media Reports Appeal in Bank of New York Bank Case (Bloomberg)

SAP Wins Court Approval of Sybase Shareholder Settlement (Bloomberg)

2011 Be Together: The Bentley User Conference ‘Keynote Report’ (Business Wire)

Cloud Expo: Talking to Rick Nucci, Boomi CTO (Dell Community: Inside Enterprise IT)

Felix Zandman: The Man Who Wouldn't Quit (EBN)

Google's Eric Schmidt Will Be Featured Keynote at Kenexa 2011 World Conference (Marketwire)

Google VP Mohan Speaks Display Ads, Invite Media At Conversational Marketing Summit (AdExchanger.com)

An Epic Morning in the Exam Room (Wrench in the System)





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