| Patent auctions generate big sales
An innovativeChicago intellectual property firm is creating a live auction marketplace, which is rare in an age where many companies are shifting their business online. More than 200 attended Ocean Tomo Auctions LLCs auction Thursday at the Union League Club of Chicago. It was the third such event hosted by Ocean Tomo. This is like the Christies or Sothebys of patent auctions, said George Kelakos of Kelakos Advisors LLC. Opening bids ranged from $10,000 to hundreds of thousands of dollars. Bids were solicited in at least $5,000 increments. The main advantage of the auction is simply that it is one-stop shopping for patents, said Bruce Lehman, former head of the U.S. Patent and Trademark Office. There really isnt any other place you can go to get a wide variety of patents.
Intelsat auction
Intelsat, the world's largest operator of commercial satellites, has hit the auction block, say people familiar with the matter. Its private equity owners, who bought the company just three years ago, hope to fetch an equity value of as much as $6bn (4.4bn) for the company, which already carries an $11bn debt load. .
The India School Fund Needs You
The vision of ISF is so brilliant that when the "India treckers" of 2007-08 visited the education center, they decided to contribute. Thanks to Francesco Cefalu and Ankit Singhvi's support, eight students gave a total of $650 immediately after their return on campus, and SABA gave an additional $5,000 for purchasing school materials and equipment such as desks, chairs and school uniforms. Thank you!!!
Although these donations help finance the opening of the school this year, they are not sufficient to cover the annual operation costs (estimated at
$25,000). Annie Bertrand, one of the co-founders and current President of ISF, asked for help from the RC sections to fund the remaining expenses through their charity auctions. Section F, H and I decided to join the coalition by selecting ISF as one of their lucky charities.
Bidding begins on Maritime Park
Emmitt Smith, the NFL's all-time leading rusher, has some world-class competition in his bid to help build the Vince Whibbs Sr. Community Maritime Park in his hometown of Pensacola.Smith, a former Dallas Cowboy and Arizona Cardinal, is president, CEO and controlling partner in Smith/Cypress Partners LP, a development arm of The Staubach Company, a global real estate advisory firm launched by another former Cowboy giant, Roger Staubach.Smith's company has teamed up with Trinity Capital Advisors, a Pennsylvania commercial real-estate company, to seek the master developer position for the $70 million park to be located on 30 waterfront acres south of City Hall."With our experience, we can be both flexible and creative when structuring new deals," Smith stated on his company's Web site.Trinity Capital is one of six companies that answered the call of the Community Maritime Park Associates board for companies interested in becoming the master developer to oversee the public-private venture for a park, multiuse stadium, maritime museum and retail and office space.The company is up against heavyweight developers, including Atlanta-based Carter Real Estate and Hammes Company in Wisconsin, both of which have built major sports facilities and major mixed-use developments in other cities.Another interested contender, New Orleans developer Clifton C.
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