Infocrossing Buying Colo. It Company for $82m ; Expects Revenues to Rise, but Net Income to Fall in '06
The Record, Bergen County, NJ › October 26, 2005
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Summary
Infocrossing will pay $81.5 million for (i)Structure, a Colorado business that manages large computer systems, the company said Tuesday.
In a separate announcement, Leonia-based Infocrossing said that, including the acquisition, it expects 2006 revenues to rise but net income to fall below 2004 levels.See the full content of this document
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Infocrossing Buying Colo. It Company for $82m ; Expects Revenues to Rise, but Net Income to Fall in '06
Infocrossing shares dropped more than 10 percent Tuesday to close at $7.40, down 84 cents.
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