COMAIR CRASH: THE AIG-9/11 CONNECTION
Summary: Rebecca Adams, a SENIOR PROJECT MANAGER for
Intergraph Corp., died on Comair. (She was the subject
of an earlier installment on the Lexington crash
detailing some of the company's CIA connections.)
Update: Her company had just been taken over by two
equity investment/takeover firms,Texas Pacific Group
and Hellman & Friedman. The purpose of the takeover
has been stated specifically - to acquire "mapping
software" patents for homeland security purposes.
A key managing director at Hellman & Friedman is Frank
G. Zarb - INTERIM CHAIRMAN OF AIG, AND AN OFFICIAL OF
THE NIXON, FORD, REAGAN, BUSH and CLINTON
administrations.
Ms. Adams, "a project manager for Intergraph, a
Lexington company that designs emergency dispatch
systems, was heading to Elk Grove, Calif., to help a
police department install one there." As project
manager, she would have been involved in any homeland
security work done by Intergraph, which derives 21
percent of its income from government grants.
AIG, in league with Warren Buffett, were key
participants in the 9/11 covert operation. The Comair
crash, which has already been shown to have a number
of connections to Buffett, appears to have been a step
in nailing down 9/11 objectives - in the case of
Intergraph and Ms. Adams, the targetting of
geo-spatial mapping technology, a recurring theme in
the September 2001 covert op.
- AC
----------------------
Another passenger on the doomed Comair flight:
Rebecca Smith, Intergraph Corp.
http://www.kentucky.com/mld/kentucky/news/local/15440617.htm
Sep. 05, 2006
A mother and a friend worth emulating
By Beth Musgrave
HERALD-LEADER STAFF WRITER
Rebecca Adams was a great cook, but she would never
admit it.
She was a lover of words, a wizard at crossword
puzzles.
"That was something she would admit to," joked
Christopher Adams, her son.
Rebecca Adams, 47, of Harrodsburg was one of 49 people
who died Aug. 27 when Comair Flight 5191 crashed on
takeoff from Blue Grass Regional Airport.
At St. Raphael's Church in Lexington today, Adams'
friends, family and colleagues packed the quaint stone
church to celebrate the life of the senior project
manager for INTERGRAPH Corp....
------------
http://www.bizjournals.com/sanfrancisco/stories/2006/08/28/daily37.html?t=printable
Hellman & Friedman, Texas Pacific lead deal to buy
Intergraph
San Francisco Business Times - August 31, 2006
Intergraph Corp. said Thursday that it will be
acquired by an investor group led by Hellman &
Friedman and Texas Pacific Group for about $1.3
billion.
http://www.bloomberg.com/apps/news?pid=20601087&sid=asoxCe9xTTRo&refer=home
Aug 31, 2006 | Bloomberg Asia
Texas Pacific Group and Hellman & Friedman LLC AGREED
TO BUY INTERGRAPH CORP. FOR $1.3 BILLION BECAUSE OF
INCREASING DEMAND FOR MAPPING SOFTWARE FOR HOMELAND
SECURITY, and oil and gas exploration.
http://aec.cadalyst.com/aec/article/articleDetail.jsp?id=369045&ref=25
Deal, valued at $1.3 billion, aims to bring company
increased flexibility to serve customers, develop
technology.
Sep 1, 2006
Cadalyst
Intergraph yesterday announced that it will be
acquired by an investor group led by Hellman &
Friedman and Texas Pacific Group. Shareholders will
receive $44 in cash for each share of Intergraph
common stock, a 22% premium over the average closing
share price for the past 20 trading days. The deal is
valued at about $1.3 billion.
Intergraph develops and sells software for plant and
ship design, as well as GIS applications. The company
is in the midst of transitioning its user base to its
next-generation SmartPlant product. Half of the
company's revenue in 2005 came from outside the United
States, and 21% came from sales to the U.S.
government.
In recent years, the company has also capitalized on
its intellectual property assets, in particular its
Clipper patents. Intergraph has recorded settlements
with most major PC manufacturers, including Intel,
AMD, HP, Dell, IBM and Sony. These patents protected
microprocessor technology developed by Fairchild
Semiconductor and acquired by Intergraph in 1987.
Intergraph exited the hardware business in 2000 to
focus on software and services.
Total revenue for 2005 was $576.8 million, a 4.7%
increase from 2004. Net income for the year was $114.4
million. That includes $89.4 million in after-tax
revenue from Intergraph's intellectual property
division. The 2005 income was down from $159 million
in 2004, when Intergraph brought in $121.6 million
from intellectual property.
For the first six months of 2006, Intergraph reported
$24 million in pretax income from intellectual
property and filed patent infringement actions against
Fujitsu-Siemens, NEC and Toshiba.
"Intergraph remains deeply committed to the markets we
serve, and we now expect to have even greater
flexibility to invest in our customers, technology,
people and future," said R. Halsey Wise, Intergraph
President and CEO.
"Intergraph is well-positioned to continue to provide
its market-leading software and services solutions to
the energy, chemical and shipbuilding infrastructure
design markets, as well as to the increasingly
relevant areas of critical infrastructure protection
and homeland security," said Bryan Taylor, partner at
Texas Pacific Group.
The transaction is subject to stockholder approval and
is expected to close in the fourth quarter of 2006.
Wise expects the senior management team to remain in
place once the transaction is complete.
-----------------------
Hellman & Friedman
Managing Directors
http://www.hf.com/team/Team.aspx?membercode=fZarb
Frank G. Zarb
Mr. Zarb is a Managing Director of Hellman & Friedman.
His primary area of focus is the financial services
industry. Mr. Zarb is currently Interim Chairman of
AMERICAN INTERNATIONAL GROUP and Non-Executive
Chairman of the Promontory Financial Group.
Prior to joining the Firm in 2002, he was Chairman and
Chief Executive Officer of NASD, Inc. and The Nasdaq
Stock Market, Inc. Previously, Mr. Zarb was Chairman,
Chief Executive Officer and President of insurance
brokerage firm Alexander & Alexander Services, Inc.,
Vice Chairman and Group Chief Executive of The
Travelers, Inc. and Chairman and Chief Executive
Officer of Smith Barney. Before joining Smith Barney,
he served as a Senior Partner at Lazard Frfieres & Co.
and a General Partner at Goodbody and Co. Mr. Zarb has
also served in various capacities in the NIXON, FORD,
REAGAN, BUSH and CLINTON administrations.
Mr. Zarb graduated from Hofstra University where he
also received his MBA and an honorary Doctor of Law
degree.
Brian M. Powers
Mr. Powers is Chief Executive Officer of Hellman &
Friedman. He serves as Chairman of the Firm's
Investment and Compensation Committees, as well as
overseeing the Firm's day-to-day activities. He is a
Director of AXEL SPRINGER AG [FOUNDED WITH CIA FUNDS]
and ProSiebenSat....
Jeffrey A. Goldstein
Mr. Goldstein serves as a Member of the Board of
Trustees and Chairman of the Investment Committee of
Vassar College, Trustee of the German Marshall Fund of
the United States, Director of the International
Center for Research on Women, and is a Member of the
Council on Foreign Relations.
. Mark Fariborz
Mr. Fariborz is a Director at Hellman & Friedman in
the New York office.
Prior to joining the Firm in 2006, Mr. Fariborz was
employed by The Carlyle Group ...