posted
nyse BE at 1.13-more big news out--3rd big contract in 2 weeksBearingPoint Wins Navy Recruiting Command Business Process Improvement Contract Valued Up to $12.3 Million Wednesday June 18, 10:23 am ET
MCLEAN, Va.--(BUSINESS WIRE)--BearingPoint, Inc. (NYSE:BE - News), one of the world’s largest management and technology consulting firms, today announced it has been awarded a Blanket Purchase Agreement to support the U.S. Navy’s Recruiting Command with business improvement methodology and operations support. BearingPoint's contract is for one year with two annual options, and has a three-year ceiling of $12.3 million. The Navy Recruiting Command, also referred to as Commander, Navy Recruiting Command (CNRC), leads the Navy’s recruitment efforts to find the highest quality men and women from the United States’ diverse population. CNRC has a mission to fill the U.S. Navy’s ranks while using best business practices and maintaining an effective, motivated and integrated active and reserve recruiting force. The command employs approximately 7,000 civilian and military personnel.
BearingPoint will provide a wide array of services under the contract, including:
Process-based cost modeling to determine the costs of recruiting enlisted and officers in the active and reserve forces; Lean Six Sigma, a business improvement methodology that is being widely-deployed throughout many Department of Defense Organizations; Creation and implementation of a “balanced scorecard,” a strategic planning and management tool; and Operational Support The initial contract work will be performed at CNRC headquarters in Millington, Tenn., with potential work opportunity at several other locations such as Washington D.C., Pensacola, Fla., and Great Lakes, Ill.
“Helping agencies and commands drive through process improvements to better meet their missions is a core strength BearingPoint brings to market,” said Beth Smith, senior vice president of BearingPoint’s Navy sector. “With a robust team of experts in Lean and Six Sigma, as well as a portfolio of similar work we’ve done across other DoD commands, BearingPoint is excited to have the opportunity to provide services to the Navy Recruiting Command.”
About BearingPoint, Inc.
BearingPoint, Inc. (NYSE:BE - News) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in more than 60 countries worldwide. Based in McLean, Va., the firm has more than 16,000 employees focusing on the Public Services, Commercial Services and Financial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to “next-generation” technology. For more information, visit the Company's Web site at www.BearingPoint.com.
Some of the statements in this press release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, estimates and projections. Words such as “will,” “expects,” “believes” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: BearingPoint, Inc. Steve Lunceford Director Global Communications 703-747-4545 steve.lunceford*bearingpoint.com
-------------------------------------------------------------------------------- Source: BearingPoint, Inc. --
Posts: 3056 | Registered: Feb 2005
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quote:Originally posted by eddy: nyse BE at 1.13-more big news out--3rd big contract in 2 weeksBearingPoint Wins Navy Recruiting Command Business Process Improvement Contract Valued Up to $12.3 Million Wednesday June 18, 10:23 am ET
MCLEAN, Va.--(BUSINESS WIRE)--BearingPoint, Inc. (NYSE:BE - News), one of the world’s largest management and technology consulting firms, today announced it has been awarded a Blanket Purchase Agreement to support the U.S. Navy’s Recruiting Command with business improvement methodology and operations support. BearingPoint's contract is for one year with two annual options, and has a three-year ceiling of $12.3 million. The Navy Recruiting Command, also referred to as Commander, Navy Recruiting Command (CNRC), leads the Navy’s recruitment efforts to find the highest quality men and women from the United States’ diverse population. CNRC has a mission to fill the U.S. Navy’s ranks while using best business practices and maintaining an effective, motivated and integrated active and reserve recruiting force. The command employs approximately 7,000 civilian and military personnel.
BearingPoint will provide a wide array of services under the contract, including:
Process-based cost modeling to determine the costs of recruiting enlisted and officers in the active and reserve forces; Lean Six Sigma, a business improvement methodology that is being widely-deployed throughout many Department of Defense Organizations; Creation and implementation of a “balanced scorecard,” a strategic planning and management tool; and Operational Support The initial contract work will be performed at CNRC headquarters in Millington, Tenn., with potential work opportunity at several other locations such as Washington D.C., Pensacola, Fla., and Great Lakes, Ill.
“Helping agencies and commands drive through process improvements to better meet their missions is a core strength BearingPoint brings to market,” said Beth Smith, senior vice president of BearingPoint’s Navy sector. “With a robust team of experts in Lean and Six Sigma, as well as a portfolio of similar work we’ve done across other DoD commands, BearingPoint is excited to have the opportunity to provide services to the Navy Recruiting Command.”
About BearingPoint, Inc.
BearingPoint, Inc. (NYSE:BE - News) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in more than 60 countries worldwide. Based in McLean, Va., the firm has more than 16,000 employees focusing on the Public Services, Commercial Services and Financial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to “next-generation” technology. For more information, visit the Company's Web site at www.BearingPoint.com.
Some of the statements in this press release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, estimates and projections. Words such as “will,” “expects,” “believes” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: BearingPoint, Inc. Steve Lunceford Director Global Communications 703-747-4545 steve.lunceford*bearingpoint.com
-------------------------------------------------------------------------------- Source: BearingPoint, Inc. --
happens every time--big buys after lunch-will take it up-g/l __________________
Posts: 3056 | Registered: Feb 2005
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posted
Down 20% today. Needs to stay above $1.10 for at least one entire day to stay on the NYSE. Will it bounce soon? or bankruptcy next?
Trading of BearingPoint stock on the New York Stock Exchange was halted after falling below $1.05 a share.
The drop triggered the exchange's Sub-Penny Rule, which halts trading on any listed stock if it falls below $1.05 per share. BearingPoint stock remains listed on the New York Stock Exchange, but will not resume trading there until it has traded on at least one other automated trading center for at least one entire day at a price above $1.10 per share, according to the New York Stock Exchange's Sub-Penny Rule.
The Sub-Penny rule was adopted by the exchange in March 2007.
BearingPoint continues to trade on all electronic exchanges, including NYSE Arca.
BearingPoint (NYSE: BE) stock fell more than 10 percent June 6 after the company disclosed its chief financial officer had resigned after less than a month on the job.
Its stock is down more than 90 percent in the last 12 months.
BearingPoint has not had a profitable quarter in three years.
Posts: 110 | From: Washington | Registered: Nov 2006
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