Thursday, April 24, 2008

BREAKING NEWS: Star Jones Files for Divorce

BREAKING NEWS: Star Jones Files for Divorce

Former View co-host Star Jones has filed for divorce from husband Al Reynolds.

In a statement to Entertainment Tonight, Jones says: “Several years ago I made an error in judgment by inviting the media into the most intimate area of my life. A month ago I filed for divorce. The dissolution of a marriage is a difficult time in anyone’s life that requires privacy with one’s thoughts.”

The statement concludes: “I have committed myself to handling this situation with dignity and grace and look forward to emerging from this period as a stronger and wiser woman.”

Jones and Reynolds, a banker who is seven years’ Jones’s junior, married in 2004 in an elaborate ceremony - complete with controversial corporate sponsors - that included 500 guests and the bride’s arrival at the church in a horse-drawn carriage.

“Every single wedding fantasy I ever had was fulfilled, down to the most handsome groom in the history of the world,” Reynolds told PEOPLE at the time.
As early as 2006, however, Jones was putting to rest rumors that her marriage was on the rocks. “These categorically false stories and their continuation are clearly being generated by someone for vindictive reasons alone,” Jones said through her publicist.

In all, it has been a bumpy two years for the former View cohost, who parted ways with the ABC daytime program - and with its chief host and executive producer, Barbara Walters - in 2006.

In early February of this year, when her eponymous TruTV (formerly Court TV) show left the air, Jones expressed pride in her efforts and in herself.

In a statement at the time, she said, “Whenever there is a change in life, you re-assess, re-evaluate and decide if what you are doing … is what you should be doing. My answer is yes.”

Posted by InterNetics eMagazine at 16:56:54 | Permalink | Comments (2)

Arby’s owner buying Wendy’s for $2.34 billion in stock deal

By MARK WILLIAMS

COLUMBUS, Ohio (AP) - The owner of Arby’s said Thursday it is buying Wendy’s International Inc. in an all-stock deal worth $2.34 billion that comes after the burger chain’s board rejected at least two earlier offers by the company.

Triarc Companies Inc., which is owned by billionaire investor Nelson Peltz, will pay about $26.78 per share for the company, which has about 87 million shares outstanding. The price is a premium of 6 percent from the company’s closing price of $25.32 Wednesday.

Pam Thomas Farber, 53, daughter of Wendy’s founder Dave Thomas, said the family was devastated by the news.

TRIARC COS INC
Stock Ticker Chart
 NYSE:TRY
 Updated: 11:07 ET
 6.19  -0.11

WENDYS INTL INC
Stock Ticker Chart
 NYSE:WEN
 Updated: 11:09 ET
 25.20  -0.12

“It’s a very sad day for Wendy’s, and our family. We just didn’t think this would be the outcome,” she said.

If her father were alive to hear news of the buyout, “he would not be amused,” Farber said.

Wendy’s deferred comment to Triarc, which said it would discuss the deal later Thursday.
 

Under the terms of the deal, shareholders at Wendy’s, the nation’s No. 3 hamburger chain, will receive 4.25 shares of Triarc Class A stock for each share of Wendy’s stock they own.

Atlanta-based Triarc said its shareholders will have to approve a charter amendment in which each share of its Class B stock will be converted into Class A stock.

Triarc said it will also change its name to include the Wendy’s name.

The Wendy’s board has been studying strategic alternatives since early last year. Sales have slid in struggling economy that has hurt many restaurant chains.

Wendy’s shares fell 32 cents to $25 in electronic premarket trading.

Farber said the family had a supported an alternate bid led by Wendy’s franchisee David Karam, president of Cedar Enterprises Inc.

“We knew what Dave Karam’s commitment was to Wendy’s, his family’s commitment - just as ours. His dad was a very good friend of our dad’s and was one of the very first franchisees, so there’s a lot of history.”

Wendy’s also reported first quarter earnings fell 72 percent in part because of expenses tied to a board committee’s search for alternatives that would boost the company’s shares.

Wendy’s said Thursday that its profits totaled $4.1 million, or 5 cents, a share for the quarter ended March 30 compared with a profit of $14.7 million, or 15 cents a share, a year ago. Revenue was down slightly to $513 million from $522 million a year ago.

Associated Press writer Doug Whiteman contributed to this story.

04/24/08 09:17 © Copyright The Associated Press. All rights reserved. The information contained In this news report may not be published, broadcast or otherwise distributed without the prior written authority of The Associated Press.

Posted by InterNetics eMagazine at 16:33:41 | Permalink | Comments (2)

Wednesday, April 23, 2008

Star Jones Files for Divorce

Former “View” co-host Star Jones has filed for divorce from Al Reynolds, her husband of three-and-a-half years, “Entertainment Tonight” reports.

The filing took place on March 26 in New York Supreme Court in Manhattan. Starlet M. Jones versus Al S. Reynolds was marked as an “Uncontested Matrimonial” case by the court and the records were sealed, “E.T.” said.

In a statement released to “Entertainment Tonight,” the 46-year-old former “View” co-host says: “Several years ago I made an error in judgment by inviting the media into the most intimate area of my life. A month ago I filed for divorce. The dissolution of a marriage is a difficult time in anyone’s life that requires privacy with one’s thoughts. I have committed myself to handling this situation with dignity and grace and look forward to emerging from this period as a stronger and wiser woman.”

Jones married Al Reynolds, 39, at Saint Bartholomew’s Church in New York City on Nov. 13, 2004. The wedding, which had 500 hundred guests, three matrons of honors, 12 bridesmaids and four flower girls, came under scrutiny when Jones discussed its sponsors at length on her ABC show.

An attorney, Jones began her broadcasting career as a commentator on Court TV and spent several years as a legal correspondent for NBC’s “Today” show. She joined “The View” in 1997 and on June 27, 2006, announced she would be leaving the show after being told that her contract wasn’t going to be renewed.

Jones also hosted her own show on cable’s truTV (formerly Court TV). She has authored two books: “You Have to Stand for Something, or You’ll Fall for Anything” and “Shine.”

Posted by InterNetics eMagazine at 19:40:23 | Permalink | Comments (2)

Wednesday, April 16, 2008

April - SDC InterNetics Magazine Cover

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Monday, April 7, 2008

The Grid: The Next-Gen Internet?

By Douglas Heingartner 


AMSTERDAM, Netherlands — The Matrix may be the future of virtual reality, but researchers say the Grid is the future of collaborative problem-solving.

More than 400 scientists gathered at the Global Grid Forum this week to discuss what may be the Internet’s next evolutionary step.

Though distributed computing evokes associations with populist initiatives like SETI@home, where individuals donate their spare computing power to worthy projects, the Grid will link PCs to each other and the scientific community like never before.

The Grid will not only enable sharing of documents and MP3 files, but also connect PCs with sensors, telescopes and tidal-wave simulators.

IBM’s Brian Carpenter suggested “computing will become a utility just like any other utility.”

Carpenter said, “The Grid will open up … storage and transaction power in the same way that the Web opened up content.” And just as the Internet connects various public and private networks, Cisco Systems’ Bob Aiken said, “you’re going to have multiple grids, multiple sets of middleware that people are going to choose from to satisfy their applications.”

As conference moderator Walter Hoogland suggested, “The World Wide Web gave us a taste, but the Grid gives a vision of an ICT (Information and Communication Technology)-enabled world.”

Though the task of standardizing everything from system templates to the definitions of various resources is a mammoth one, the GGF can look to the early days of the Web for guidance. The Grid that organizers are building is a new kind of Internet, only this time with the creators having a better knowledge of where the bottlenecks and teething problems will be.

The general consensus at the event was that although technical issues abound, the thorniest issues will involve social and political dimensions, for example how to facilitate sharing between strangers where there is no history of trust.

Amsterdam seemed a logical choice for the first Global Grid Forum because not only is it the world’s most densely cabled city, it was also home to the Internet Engineering Task Force’s first international gathering in 1993. The IETF has served as a model for many of the GGF’s activities: protocols, policy issues, and exchanging experiences.

The Grid Forum, a U.S.-based organization combined with eGrid - the European Grid Forum, and Asian counterparts to create the Global Grid Forum (GGF) in November, 2000.

The Global Grid Forum organizers said grid communities in the United States and Europe will now run in synch.

The Grid evolved from the early desire to connect supercomputers into “metacomputers” that could be remotely controlled. The word “grid” was borrowed from the electricity grid, to imply that any compatible device could be plugged in anywhere on the Grid and be guaranteed a certain level of resources, regardless of where those resources might come from.

Scientific communities at the conference discussed what the compatibility standards should be, and how extensive the protocols need to be.

As the number of connected devices runs from the thousands into the millions, the policy issues become exponentially more complex. So far, only draft consensus has been reached on most topics, but participants say these are the early days.

As with the Web, the initial impetus for a grid came from the scientific community, specifically high-energy physics, which needed extra resources to manage and analyze the huge amounts of data being collected.

The most nettlesome issues for industry are security and accounting. But unlike the Web, which had security measures tacked on as an afterthought, the Grid is being designed from the ground up as a secure system.


Conference participants debated what types of services (known in distributed computing circles as resource units) provided through the Grid will be charged for. And how will the administrative authority be centralized?

Corporations have been slow to cotton to this new technology’s potential, but the suits are in evidence at this year’s Grid event. As GGF chairman Charlie Catlett noted, “This is the first time I’ve seen this many ties at a Grid forum.”

In addition to IBM, firms such as Boeing, Philips and Unilever are already taking baby steps toward the Grid.

Though commercial needs tend to be more transaction-focused than those of scientific pursuits, most of the technical requirements are common. Furthermore, both science and industry participants say they require a level of reliability that’s not offered by current peer-to-peer initiatives: Downloading from Napster, for example, can take seconds or minutes, or might not work at all.

Garnering commercial interest is critical to the Grid’s future. Cisco’s Aiken explained that “if grids are really going to take off and become the major impetus for the next level of evolution in the Internet, we have to have something that allows (them) to easily transfer to industry.”

Other potential Grid components include creating a virtual observatory, and doctors performing simulations of blood flows. While some of these applications have existed for years, the Grid will make them routine rather than exceptional.

The California Institute of Technology’s Paul Messina said that by sharing computing resources, “you get more science from the same investment.”

Ian Foster of the University of Chicago said that Web precursor Arpanet was initially intended to be a distributed computing network that would share CPU-intensive tasks but instead wound up giving birth to e-mail and FTP.

The Grid may give birth to a global file-swapping network or a members-only citadel for moneyed institutions. But just as no one ten years ago would have conceived of Napster — not to mention AmIHotOrNot.com — the future of the Grid is unknown.

An associated DataGrid conference continues until Friday, focusing on a project in which resources from Pan-European research institutions will analyze data generated by a new particle collider being built at Swiss particle-physics lab CERN.

Posted by InterNetics eMagazine at 16:40:19 | Permalink | Comments (2)