PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: Celframe, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Technology Giant Celframe to Enter Natural Resources Sector with Billions - Celframe the New York based technology giant who ended another year with its huge surge in profits is now looking for new sectors to invest their huge war chest of cash - Celframe.com
Technology Giant Celframe to Enter Natural Resources Sector with Billions

 

NewswireToday - /newswire/ - New York, NY, United States, 2012/02/20 - Celframe the New York based technology giant who ended another year with its huge surge in profits is now looking for new sectors to invest their huge war chest of cash - Celframe.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

While the whole world is talking about Apple’s cash of $81 billion dollars, similarly, many other technology firms like Celframe are also left with deep pockets of cash. While Tim Cook of Apple is still figuring out what to do with its cash, a decisive Celframe President Arun Pudur is determined to invest it on Natural Resources opportunities. Which in plain English entails mining, forestry, water and other bio-geodiversity likes. Celframe’s ever-increasing cash hoard was touched upon briefly during Celframe’s earning conference via videocon yesterday. When asked if Celframe was pursuing a different investment strategy vis-a-vis its cash holdings, Celframe President Arun Pudur responded.

“We want to maintain flexibility and agility with our growth. I think everyone who knows us knows that we don’t burn cash that much compared to most other Technology companies. We don’t want to do things that will jeopardise the company, and will continue to invest conservatively like we have done all these years. We’ve done a very good job in an extremely difficult market and have done things in Celframe’s best interest. We acquired a few companies, acquired intellectual property, invested in new emerging products including our cloud security and now moving our product line into cloud. What we’re doing with cash, the cash we do spend, we’re doing an extremely good job and are very frugal. Now we have decided that we have more cash than what is needed for our day to day operations and have decided to enter the natural resources sector and invest on environmentally sustainable technologies to extract resources with minimal impact to nature and also the community”.

And while no one can dispute Celframe’s frugality, Celframe went on an investing spree last 3-4 years acquiring small and medium enterprises who have immense potential to grow and have in turn absorbed those technologies to make their billions. Arun Pudur continued,“I’m not sentimental about holding on to the cash. We will continually ask ourselves what’s in Celframe’s best interest and always do what is needed to achieve that. It’s a topic for the board on an on-going basis and we will continue to discuss it."

Promptly squashing that notion of a query raised by a business analyst that Celframe (celframe.com) was reluctant to initiate an IPO because it might indicate its ability to innovate is sloping downward, Arun says “I think that anyone looking at us and our track record would not come to any conclusion that we’re waving a white flag on technology innovation. We’ve had a series of unbelievable products, the best products of the world according to our customers. We’ve got a pipeline that’s unbelievable. Our focus is now to create more value for our cash. You must note that all this cash was privately earned without a single dollar of loans or public money”

Still, Celframe in typical fashion said that the perception that accompanies an IPO wouldn’t prevent it from listing its company shares if that was deemed to be in the company’s best interest. For now we can only warn Rio-Tinto, Anglo-American, Glencore and all other mining giants to watch out for this new entry who has bought companies like Microsoft & its likes to their knees and will do the same in the resources venture.

James Green, Investor Insight, New York, USA

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Celframe, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


Technology Giant Celframe to Enter Natural Resources Sector with Billions

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Celframe.com 
323-247-3422 pr[.]celframe.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Celframe, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Celframe, Inc. / Company Profile


Read Software Most Recent Related Newswires:

Infor Delivers Enhanced Mobile Equipment Solution
Mentor Graphics and SiliconIndia Announce 2016 Leadership Awards for the Embedded/VLSI Industry
Korean Retailer Homeplus Optimizes Store Planning with JDA Category Management
IBM and Pfizer to Accelerate Immuno-oncology Research with Watson for Drug Discovery
The VELUX Group to Drive Smart Product Innovation with Implementation of PTC Windchill Across the Enterprise
KPIT Takes A Strategic Stake in A Germany Headquartered Automotive Engineering Services Company
Pegasystems Named Silver Winner for Best New Product of the Year in Best in Biz Awards 2016
Kentico Releases its Most Enterprise-Ready Solution Yet
OneLogin Delivers First-Ever Multi-Environment AWS User Resource Provisioning
Mahindra and IBM to Develop Blockchain Solution for Supply Chain Finance
Toyota Motor Corporation Approves Mentor Graphics Volcano™ VSTAR AUTOSAR Stack for Deployment in Toyota Vehicles
Wiley Launches New Spectra Lab Applications to Help Scientists Manage Analytical Data
Earthlite Drastically Simplifies and Expedites Accounts Receivable Analysis with Datawatch Monarch
PTC Achieves AWS IoT Competency Status
Umbra, VM Backup Appliance Based on NAKIVO Backup & Replication, Generates Business for Integrative

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)