A local business contact of mine, who I’ll just say is not an outsider to the the discussions surrounding Robert Pera’s bid to buy the Memphis Grizzlies, told me this today about Ubiquiti Networks, Pera’s technology company that’s been whipsawed lately by the stock market:
“Anytime you can be worth $1 billion and then lose a few hundred million on paper the next day, ok, that’s a scary thing,” my source said. “But – Ubiquiti’s cash flow is something like $50 million a year, and he (Pera) owns most of it.
“When you have a technology company, you have to always to reinvent and get better. It’s the same thing even with Apple. Usually, any technology in 18 months is going to be obsolete anyway.”
Just found his remarks interesting. Especially because it suggests a different way of looking at the company and about its founder. It’s like one analyst has already told me – Pera is doing something with Ubiquiti that hasn’t really been done before.
Congratulations to the Memphiscompanies that made this year’s Inc. 5000 list – a list of the fastest-growing companies in the country published each year by Inc. Magazine.
- Interactive Solutions Inc. (2512)
- Harvest Creative (727)
- Monogram Food Solutions (914)
- Duncan-Williams (2607)
- Baker Donelson Bearman Caldwell & Berkowitz PC (4762)
- EnSafe (3841)
- StatLink Systems (3271)
- TreadmillDoctor.com (3623)
- Wunderlich Securities (1881)
- DirectFX Solutions (2485)
- International Sourcing (4311)
- ServiceMaster (4945)
Downtown’s The Little Tea Shop will reopen its doors on Tuesday, Aug. 21.
The Southern-style restaurant at 69 Monroe Ave. closed in July following the passing of co-owner James “Jimmy” Phillip Lauck.
The sign announcing the reopening is posted on the door next to a photo of Jimmy, sitting Indian-style on a curb, comfortably clad in a Christian Brothers High School polo, suspenders, ball cap and sunglasses. His obituary is posted to the left.
Jimmy is survived by many loved ones, including his wife, Suhair “Su” Lauck. Everyone give Su a big hello and pass along the news of the reopening to your friends and colleagues.
Memphis will be the site of the 2012 Convention of Classic Thunderbird Club International Tuesday, Aug. 21 to Saturday, Aug. 25.
Nearly 300 Thunderbirds (1955-57 models) will be on display in Main Exhibit Hall of Memphis Cook Convention Center, 255 N. Main St., Friday, Aug. 24, from 11 a.m. to 4 p.m.
There will also be public displays Saturday, Aug. 25, from 11 a.m. to 1:45 p.m. at Graceland and from 2 p.m. to 5 p.m. on Beale Street for the Birds on Beale event.
An estimated 1,800 visitors are expected to attend the free event, which benefits the Memphis Exchange Club. It’s the largest gathering of Classic Ford Thunderbirds in the world.
There are lots of numbers floating around in the whole schools reformation discussion we’ve been chronicling.
And attendance numbers in particular for a school system as well as a particular school can be tricky. There are different ways of counting for different funding.
Which brings us to the question of who attends the schools in the suburban municipalities.
Where those students live figures quite prominently in the ongoing and still very preliminary discussions about who gets or who keeps the school buildings in what is now the Shelby County Schools system.
Ken Hoover, who will be serving on the Germantown School Board by virtue of running unopposed in the set of suburban school elections in November, provides us with some Germantown schools number a bit different from the ones we have for our weekly cover story “After The Vote.”
His numbers are from an SCS report on students place of residence and the schools they attend.
By that count, there are three Germantown schools where Germantown residents are less than half the student population. They are Germantown Middle School, Germantown High School and Houston High School. Germantown Elementary is majority Germantown with 418 of the 749 students there Germantown residents.
The premise in our story for some kind of arrangement still holds.
There could also be arrangements among the suburban school boards after an agreement with the countywide board by one of them – two levels of contracts.
The Houston High School student population numbers show most of Houston’s students – 754 – live in Colliervile. Another 678 live in Germantown and 334 live in unincorporated Shelby County.
We can’t emphasize enough how tentative this all is for those of you just wading into this very complex topic. It would be discussions between the countywide school board and the municipal school district boards that would determine whether something can be worked out. And the fate of both the municipal school systems as well as the boards to be elected in November hang on a ruling in the federal court lawsuit challenging the state law that created both.