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Micron Electronics Inc. said yesterday that it would acquire a rival Web site operating company, Interland Inc., for $130 million in stock, as it exits its mainstay personal computer business.
It suggests the country would enjoy investor support when it exits its international rescue programme.
As it exits its bailout stake in AIG, Treasury officials say their goal is to recover the initial investment rather than make a profit, although media reports suggest it made a small profit on the sale.
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Singapore Airlines has eyed Ansett, the only significant competitor to Qantas in its home market, for years, and the proposed deal would let it exit its tarnished position in Air New Zealand, whose stock has slid in recent months.
Costa, the former mayor of Lisbon, has insisted his government will meet international commitments on its budget and debts, a year and a half after it exited its bailout programme.
HDS has been in the storage business for years, but didn't turn on the juice until about a year ago, when it exited its bread-and-butter mainframe business to focus exclusively on storage.
WorldCom, the struggling long-distance telephone and data services company, said it will exit its unprofitable wireless resale business and cut some jobs as it tries to reduce expenses and ward off a cash crunch.
In a separate filing, Greenlight Capital, the hedge fund run by David Einhorn, said it had exited its stake in Yahoo in the first quarter.
PAYLESS SHOESOURCE INC., Topeka, Kan., the shoe seller, said it would exit its 181 Parade shoe stores by the end of its fiscal year in January.
The clothing retailer Children's Place said Thursday that it was exiting its Disney Stores business in North America and would reduce spending and cut jobs.
American Eagle Outfitters, the teenage-apparel retailer with more than 1,000 stores in North America, said it would exit its children's apparel business, which had a loss in the last fiscal year.
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