With the national economy in a deep recession and the Obama administration putting billions of dollars into recovery and bailout programs, venture capital firms are simultaneously cautious about new investments and guardedly optimistic about the future.
The National Telecommunications and Information Administration will begin a planned series of meetings to discuss the broadband grant programs funded by the economic stimulus law.
As large prime contractors seek to replace business lost from potential budget cuts, they look to the universe of publicly held midtier companies as targets.
States will use federal stimulus dollars to create technology-related opportunities in health care, transportation, public works modernization, and eligibility and fraud verification.
Officials intend to review sole-source contracts and cost-type contracts, which offer awards for good performance, while clarifying the types of work only government employees can do.
Company officials said the move has allowed them to reach a financial restructuring agreement with senior secured lenders that will significantly reduce the company’s debt and improve its capital structure.
