ATX Postpones Plans for Initial Public Offering.IRVING, Texas Irving (pronounced 'er-ving') is a city located in the U.S. state of Texas within Dallas County. According to the 2000 U.S. Census, the city population was 191,615; the 2006 estimate was 201,927 according to the North Central Texas Council of Governments, and 196,084 according to -- Citing adverse market conditions, ATX See ATX motherboard. (hardware, standard) ATX - An open PC motherboard specification by Intel. ATX is a development of the Baby AT specification with the motherboard rotated 90 degrees in the chassis. Group, Inc., today announced that its Board voted to withdraw its initial public offering (IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ). "ATX remains committed to delivering value to our existing shareholders. Because ATX is in a solid financial position and is not in need of additional capital, our Board saw no compelling reason to effectuate the offering in the current market," said Steve Millstein, ATX president and chief executive officer. "There simply is too much uncertainty in the market right now, particularly when evaluated as part of the technology sector," Millstein added. ATX is the largest independent (not owned by an automobile manufacturer) provider of telematics services for the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . ATX serves markets in both North America and Western Europe. The company's telematics services are provided through the two-way communication of voice and data between a subscriber's telematics-equipped automobile and the company's response center. ABOUT ATX: Based in Dallas-Fort Worth, Texas, and Dusseldorf, Germany, ATX is the world's largest independent (not owned by an automobile manufacturer) provider of telematics services for the automobile industry, serving both North America and Western Europe. ATX telematics services are designed to provide enhanced safety, security and driving convenience to vehicle owners. These services include location-specific emergency and roadside assistance, automatic collision notification, stolen vehicle recovery, remote diagnostics and real-time traffic and navigation assistance. ATX also provides telematics services designed to help automobile manufacturers and their affiliated dealerships to use telematics data to reduce costs, enhance vehicle servicing, and more closely manage customer relationships. ATX services are provided to vehicle owners through the brand names of its customers -- Mercedes-Benz, BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. , Maybach, and Rolls-Royce Motor Cars Rolls-Royce Motor Cars is a BMW subsidiary responsible for the manufacture of the Rolls-Royce Phantom. History In 1998, owners Vickers decided to sell Rolls-Royce Motors. . |
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