GE Capital to wind down equity fund
STAMFORD, Conn. - GE Capital announced in late October it would wind down its investment in its $3 billion private equity fund, called GE Equity, to protect the company against what it termed "volatile investments."
Spokesman Peter Stack said the fund would no longer be making new investments in private companies, but GE Capital's investments in its current 250 or so ventures would remain.
GE Capital is a partner with Security Alarm Financing Enterprises, offering funding to security dealers. Officials at that company said the changes to the fund would have no effect on operations at SAFE.GE Capital to wind down equity fund
Internet Home Alliance gains new members
MONTEREY, Calif. - The Internet Home Alliance, a network of companies active in the home technology market, announced in late October it had gained eight new members, including Motive Communications, SimpleDay Technologies and Symbol Technologies, which have joined as contributors. IBM joined as a board member and principal.
Others, including Premise Systems, a Lantronix Inc. company, Samsung and Sunbeam Products joined the alliance as Associate members, while ADT and CompUSA elevated their status to contributor from associate.
MDTV subscriber base grows 125 percent
TOTOWA, N.J.- - MDU, a communications provider to the multi-dwelling market, announced in late October that its subscriber base grew about 125 percent over the past fiscal year, ending Sept. 30.
MDU, which provides high-speed Internet and digital satellite television services to 13,704 subscribers in 231 properties, saw its subscriber base grow organically by 5,067 new accounts in fiscal 2002.