where the costs really start adding up is in storage and disaster recovery (particularly when you consider we have DR plans for 18 countries). So when you take unified messaging, storage, DR and admin costs which come to $500k and add the original $500k we were looking at $1 million USD per year as a total..
Patterson-UTI Energy (NASDAQ:PTEN) traded in a range yesterday that spanned from a low of $22.83 to a high of $23.57. Yesterday, the shares fell 3.9%, which took the trading range below the 3-day low... PTEN : 22.72 (-2.86%)
The merger calls for GTE to acquire Contel by issuing 1.27 shares of its common stock for each share of Contel common stock. It would be a tax-free exchange of shares for Contel shareholders. News of the merger plan sent Contel share prices soaring $7.12 1/2 to $35.12 1/2. GTE, however, lost $1.25 in value to close at $29.75 as investors worried that the takeover would depress its earnings.