NEW YORK--Tyco International's stock hit a 52-week high on May 31, one month before the expected split of the conglomerate into three separately traded entities. It's a possible indication, said Jack Mallon, managing partner of Mallon Associates, that Wall Street "expects that there are better things ahead with the break up.
PROVO, Utah--ApxAlarm--which emerged as a major player in the home security market in 2006 by generating upwards of 90,000 accounts--is well into its 2007 summer selling season, and Apx executives say they're on track to sell 130,000 accounts this summer.
Looking beyond this year, the company is considering expanding into Mexico and abroad.
BOCA RATON, Fla.--Devcon president Robert Farenhem described news discussed during the company's May 29 investor call as "anecdotal" evidence of the company's progress toward becoming a pure-play security company.
BOCA RATON, Fla.--Although it's still dogged by a disgruntled investor who's taking legal action, Devcon is following up the March announcement of the sale of its construction division with movement on several fronts in early May: reorganizing its executive management team and discussing its intention to move into acquisition mode--soon.
TALLAHASSEE, Fla.--Florida cities looking to adopt an alarm ordinance now have a Model Alarm Ordinance, a short, concise, "user-friendly document," to help them out, said Glen Mowry, national law enforcement liaison for the Security Industry Alarm Coalition.
PALO ALTO, Calif.--Hewlett-Packard announced in late March that it is discontinuing the manufacture of its Digital Entertainment Center, which is part of the home automation package DSC unveiled at ISC West along with Exceptional Innovation, a manufacturer of the Life|ware home automation software (see "DSC unveils home automation partnership" at www.