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Dreamstime Zoom Video Communications shares are on the mend after the company priced an offering of 5.15 million shares at $340 each, generating proceeds of $1.75 billion before expenses. That is a little larger than the $1.5 billion originally targeted. The offering will nearly double the company’s holdings in cash and marketable securities, which stood at $1.87 billion as of the end of the October quarter. Zoom (ticker: ZM) has no long-term debt. Stifel analyst Tom Roderick says the deal adds financial flexibility, but that he thinks the total would have to be higher in...

Petersburg School Board to hear budget revisions at next meeting Posted by Angela Denning | Jan 11, 2021 Petersburg School District Finance Director, Karen Morrison, was named 2020-2021 Business Official of the Year by the Alaska Association of School Business Officials. (Photo courtesy of Karen Morrison) The Petersburg School Board is meeting Tuesday night to vote on opening negotiations with the teacher’s union, Associated Teachers of Petersburg. The union has requested opening negotiations this month, through a letter from Co-Presidents Jo Ann Day and Ginger Evens. The school district is...

Microsoft (MSFT), as well as worries about how much the company’s growth will slow as the economy reopens. During the pandemic, at least, Zoom has continued to produce spectacular growth—for the fiscal third quarter ended Oct. 31, it posted revenue of $777.2 million, up 367% from a year ago. For the fiscal fourth quarter ending in January, Zoom is projecting revenue of $806 million to $811 million, with non-GAAP profits of 77 to 79 cents per share. Wall Street consensus calls for $814.4 million in revenue and profits of 80 cents per share. Prior to the offering announced today, Zoo...

Fosters Daily Democrat DOVER — The Holocaust is one of the most studied topics in history and still leaves people wondering how something so horrific could have taken place. Presenter Mick Grzonka hopes to provide some answers in his virtual presentation: “The Duty to Remember – But What? Holocaust 80 Years After” at the Dover Public Library on Wednesday, Jan. 27 at 6:30 p.m. The event is sponsored by the library and its Friends group. The carefully researched lecture will provide some historical context of events in Nazi Germany and the reason behind the Nazi regime’s rise to power...

Petersburg School Board meetings are held in the High School Library - KFSK continues to provide live broadcast of these community meetings. Next meeting Tuesday, March 21st, 7pm Find the Archive of past meetings here: KFSK Borough Meeting Archive