Summary
Equinix, Inc. (EQIX) filed an 8-K on April 21, 2010, primarily to announce its financial results for the quarter ended March 31, 2010, via a press release (Exhibit 99.1). While the specific financial details are not included in this filing itself, the report indicates that Equinix will hold a conference call to discuss these results. Investors should note that the provided press release contains non-GAAP financial information, with a reconciliation to GAAP measures attached.
Key Highlights
- 1Equinix released its financial results for the quarter ended March 31, 2010, on April 21, 2010.
- 2A press release detailing these financial results is attached as Exhibit 99.1.
- 3The company scheduled a conference call for April 21, 2010, to discuss the financial results.
- 4The press release includes non-GAAP financial information, with a reconciliation to GAAP measures provided.
- 5Equinix waived a condition related to lease consents for the Switch & Data merger, clearing another hurdle.
- 6The Switch & Data merger is nearing completion, with only the Hart-Scott-Rodino antitrust waiting period and other closing conditions remaining.
- 7The expected closing date of the Switch & Data merger will be announced at least five business days prior.
Frequently Asked Questions
The 8-K filing does not contain the detailed financial results. However, it states that Equinix issued a press release on April 21, 2010, announcing these results. Investors should refer to Exhibit 99.1 (the press release) for the specific financial performance details and a conference call was held to discuss them.
Equinix has waived a condition related to lease assignment consents for Switch & Data. This means all conditions are now satisfied except for the expiration of the Hart-Scott-Rodino antitrust waiting period and standard closing conditions. The merger is progressing towards completion.
The 8-K does not provide an exact closing date. However, it states that Equinix expects Switch & Data to announce the anticipated closing date via a press release at least five business days before the actual closing.
Yes, the press release (Exhibit 99.1) announcing the financial results for the quarter ended March 31, 2010, includes certain non-GAAP information. The filing also states that a reconciliation of this non-GAAP information to GAAP measures is attached to the press release.