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Portfolio Management Maturity Model at Chevron - Presentation & Discussion

November 13, 11:30 AM - 12:30 PM ET (GMT-4)

The fundamental goal of the model is to help IT become a business partner and earn a seat at the table. Core to the model is to establish a five year IT strategic road map that is owned by the business. Presenter Janinne Franke is manager of strategy, planning & optimization at Chevron's corporate department & services. She will share processes and lessons learned from developing and implementing the model.

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Best Buy Buys Half of Carphone Warehouse for $2.1B

 

May 08, 2008 — IDG News Service —

Consumer electronics retailer Best Buy Thursday said it will acquire 50 percent of The Carphone Warehouse for about £1.1 billion ($2.1 billion).

Best Buy hopes to take advantage of The Carphone Warehouse's expertise in sourcing mobility products, bundling services and operating smaller stores, it said. The deal should also help The Carphone Warehouse grow in Europe.

The new company will comprise The Carphone Warehouse's existing retail business, including more than 2,400 stores in nine European countries under the Carphone Warehouse and Phone House brands. It will also introduce Best Buy stores and Web sites across Europe, starting next year.

Best Buy currently operates 1,314 stores in the United States, Canada and China.

The Carphone Warehouse will use the proceeds from Best Buy to pay down debt and make investments in broadband. The deal remains subject to Carphone Warehouse shareholder approval. It is expected to close by August 30, the end of Best Buy's fiscal second quarter.

Copyright © 2008 IDG News Service. All rights reserved. IDG News Service is a trademark of International Data Group, Inc.
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