Blue Nile State, Sudan
Blue Nile State, Sudan

Blue Nile University is a public university located in Damazeen, Sudan.It was established in 1995.It is a member of the Federation of the Universities of the Islamic World. Wikipedia.


Time filter

Source Type

News Article | November 7, 2016
Site: globenewswire.com

In a Separate Press Release Today, the Company Announced It Entered a Definitive Agreement to be Acquired by Bain Capital Private Equity and Bow Street LLC for $40.75 per Common Share In Light of the Announcement, the Company Canceled Its Previously Scheduled Earnings Conference Call Third Quarter Net Sales of $105.1 million Third Quarter Earnings Per Diluted Share of $0.11 SEATTLE, Nov. 07, 2016 (GLOBE NEWSWIRE) -- Blue Nile, Inc. (Nasdaq:NILE), a leading online retailer of diamonds and fine jewelry, today reported financial results for its third quarter ended October 2, 2016. Net sales decreased to $105.1 million for the third quarter ended October 2, 2016 compared to $109.9 million for the third quarter ended October 4, 2015. Operating income for the quarter totaled $1.8 million, representing an operating margin of 1.7% of net sales, compared to $3.0 million in operating income and 2.8% operating margin for the third quarter 2015. Net income totaled $1.3 million, or $0.11 per diluted share versus $2.0 million, or $0.17 per diluted share for the third quarter 2015. Non-GAAP adjusted EBITDA for the quarter totaled $4.2 million compared to $5.3 million for the third quarter 2015. For the trailing twelve month period ended October 2, 2016, net cash provided by operating activities totaled $18.6 million compared to $14.7 million for the trailing twelve month period ended October 4, 2015. For the trailing twelve month period ended October 2, 2016, non-GAAP free cash flow totaled $13.3 million, as compared to $10.8 million for the trailing twelve month period ended October 4, 2015. This press release contains forward-looking statements that include risks and uncertainties, including, without limitation, all statements related to future financial and business performance, market opportunity and plans to grow our business. Words such as “expect,” “anticipate,” “believe,” “project,” “will” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon our current expectations. Forward-looking statements involve risks and uncertainties. Our actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to commodity prices, general economic conditions, consumer spending (particularly spending by high-end consumers), product assortment, our fluctuating operating results, currency fluctuations, seasonality in our business, our ability to acquire products on reasonable terms, our online business model, demand for our products, our ability to attract customers in a cost effective manner, the strength of our brand, competition, fraud, system interruptions, our ability to fulfill orders and other risks detailed in our filings with the Securities and Exchange Commission, including our quarterly reports on Form 10-Q and our Annual Report on Form 10-K for the year ended January 3, 2016.  Additional information will also be set forth in our Quarterly Report on Form 10-Q for the quarter ended October 2, 2016, which we expect to file with the Securities and Exchange Commission on or before November 14, 2016. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and Blue Nile undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof. To supplement Blue Nile’s consolidated financial statements presented in accordance with generally accepted accounting principles (“GAAP”), Blue Nile uses non-GAAP adjusted EBITDA and non-GAAP free cash flow as measures of certain components of financial performance. Blue Nile defines non-GAAP adjusted EBITDA as earnings before interest and other income, taxes, depreciation and amortization, adjusted to exclude the effects of stock-based compensation expense. Blue Nile defines non-GAAP free cash flow as net cash provided by (used in) operating activities less cash outflows for purchases of fixed assets, including internal-use software and website development. Blue Nile reports sales information in accordance with GAAP. Internally, management monitors its sales performance on a non-GAAP basis that eliminates the positive or negative effects that result from translating international sales into U.S. dollars (the “constant exchange rate basis”). Blue Nile’s management does not itself, nor does it suggest that investors should, consider such non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors should also note that the non-GAAP financial measures used by Blue Nile may not be the same non-GAAP financial measures, and may not be calculated in the same manner, as that of other companies. Whenever Blue Nile uses such non-GAAP financial measures, it provides a reconciliation of non-GAAP financial measures to the most closely applicable GAAP financial measures. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. Blue Nile’s management believes that non-GAAP adjusted EBITDA and non-GAAP free cash flow, as defined, as well as international sales on a constant exchange rate basis provide meaningful supplemental information to the company and to investors. Blue Nile believes that both management and investors benefit from referring to these non-GAAP measures in assessing the performance of Blue Nile and when planning and forecasting future periods. Further, management believes that the inclusion of the non-GAAP adjusted EBITDA and non-GAAP free cash flow calculations provide consistency in Blue Nile’s financial reporting and comparability with similar companies in Blue Nile’s industry. Management believes the constant exchange rate measurement provides a more representative assessment of the sales performance and provides better comparability between reporting periods. A reconciliation of non-GAAP adjusted EBITDA to net income is as follows (in thousands): A reconciliation of differences of non-GAAP free cash flow from the comparable GAAP measure of net cash (used in) provided by operating activities is as follows (in thousands): The non-GAAP free cash flow for the twelve months ended October 4, 2015 presented above includes financial information from the Company’s fiscal 2014 reporting period which included 53 weeks, with an additional week falling into the fourth quarter. The following table reconciles year-over-year international net sales percentage (decreases) increases from the GAAP sales measures to the non-GAAP constant exchange rate basis: Blue Nile, Inc. is the original online jeweler. The company offers a smarter way to buy engagement rings, wedding rings, and fine jewelry by providing in-depth educational materials and unique online tools that place consumers in control of the jewelry shopping process. Blue Nile has some of the highest quality standards in the industry and offers thousands of independently certified diamonds and fine jewelry at prices significantly below traditional retail. Blue Nile can be found online at www.bluenile.com. Blue Nile’s shares are traded on the Nasdaq Stock Market LLC under the symbol NILE.


News Article | February 17, 2017
Site: globenewswire.com

SEATTLE, Feb. 17, 2017 (GLOBE NEWSWIRE) -- Leading online jeweler Blue Nile (NASDAQ:NILE) today announced the successful completion of the acquisition of the Company by an Investor Group, comprised of Bain Capital Private Equity, Bow Street and Adama Partners, for $40.75 per share in cash.  The transaction, originally announced on November 7, 2016, was approved by Blue Nile's shareholders on February 2, 2017. "Blue Nile has disrupted and transformed the way consumers shop for and purchase diamonds and fine jewelry by creating price transparency while simultaneously providing value to suppliers," said Blue Nile Chairman, CEO and President Harvey Kanter.  "As we enter the next phase of growth, Blue Nile will continue to expand our vision and focus on putting the customer first by reaching them the way they prefer to shop whether it’s a computer, mobile device, or in one of our Webrooms.” “Blue Nile is a unique business with a strong platform in an industry that is rapidly evolving and migrating online,” said Ryan Cotton, a Managing Director at Bain Capital Private Equity.  “We are excited to partner with Bow Street, as well as with Adama Partners who brings a great deal of industry experience, in order to help Blue Nile continue to lead the transformation of the customer purchase experience in engagement rings and fine jewelry.” As a result of the completion of the transaction, trading in Blue Nile’s common stock on the NASDAQ will be suspended effective Tuesday, February 21, 2017. BofA Merrill Lynch served as exclusive financial advisor to Blue Nile, and Wilson Sonsini Goodrich & Rosati served as its legal advisor.  Goldman Sachs & Co provided debt for the transaction, and Kirkland & Ellis LLP served as legal advisor to the Investor Group. About Blue Nile, Inc. Blue Nile, Inc. is a leading online jeweler. The company offers a smarter way to buy engagement rings, wedding rings, and fine jewelry by providing in-depth educational materials and unique online tools that place consumers in control of the jewelry shopping process. Blue Nile has some of the highest quality standards in the industry and offers thousands of independently graded diamonds and fine jewelry at prices significantly below traditional retail. Blue Nile can be found online at www.bluenile.com and in its Webrooms in Long Island, New York, White Plains, New York, Portland, Oregon, Fairfax County, Virginia, and Bellevue, Washington. About Bain Capital Private Equity Bain Capital Private Equity (www.baincapitalprivateequity.com) has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since our founding in 1984. Our team of more than 400 investment professionals creates value for our portfolio companies through our global platform and depth of expertise in key vertical industries including consumer/retail, financial and business services, healthcare, industrials, and technology, media and telecommunications. In addition to private equity, Bain Capital invests across asset classes including credit, public equity and venture capital, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus. About Bow Street LLC Founded in 2011, Bow Street is a New York-based investment manager that partners with institutional investors and family offices globally to invest opportunistically across public and private securities. About Adama Partners Adama Partners is a New York-based firm that focuses on the global diamond, gemstone and jewelry industry. Adama Partners builds and operates transformational or high-impact businesses across the industry value chain leveraging unique and proprietary knowledge in supply analytics, product sourcing, pricing, manufacturing, branding and distribution.


Investor Group to acquire all outstanding Blue Nile common stock for $40.75 per share in take-private transaction SEATTLE, Nov. 07, 2016 (GLOBE NEWSWIRE) -- Leading online jeweler Blue Nile (NASDAQ:NILE), today announced that it has entered into a definitive agreement to be acquired by an Investor Group comprised of funds managed by Bain Capital Private Equity and Bow Street LLC (collectively the “Investor Group”). The terms of the all-cash deal provide substantial value to Blue Nile’s stockholders. The Investor Group will acquire 100 percent of the outstanding shares of Blue Nile common stock for approximately $500 million. Blue Nile stockholders will receive $40.75 in cash per share, representing a premium of approximately 34 percent over Blue Nile’s closing price on November 4, 2016. “Since its inception, Blue Nile’s guiding principle has been to provide value to its customers, suppliers, and shareholders, and this transaction provides tremendous value to all,” said Blue Nile Chairman, CEO and President Harvey Kanter. “Blue Nile will continue its innovative drive that has disrupted the diamond industry and made us the smartest, easiest, and most pressure-free way for consumers to buy a diamond.” “This is an opportunity to acquire a true disruptor in a fundamentally attractive and growing segment of the diamond industry,” said Ryan Cotton, a Managing Director at Bain Capital Private Equity. “Blue Nile provides a clearly superior consumer value proposition and offers a convenient delivery model that enables choice and selection in a no-pressure environment. We believe the company will continue to grow as educated consumers continue to seek easy and convenient shopping experiences that deliver transparent pricing and enhanced value.” “Blue Nile is a unique business with a strong platform in an industry that is rapidly evolving and migrating online,” said Howard Shainker, Managing Partner at Bow Street.  “We are excited to work alongside Blue Nile management and Bain Capital to execute on the Company’s strategy.” Blue Nile’s Board of Directors unanimously approved the deal and recommended that stockholders vote their shares in favor of the transaction. Blue Nile will become a privately-held company and continue to be headquartered in Seattle, WA. Closing of the deal is subject to customary closing conditions, including the approval of Blue Nile’s stockholders and required regulatory approvals. There are no financing conditions associated with the proposed acquisition. The transaction is expected to close in the first calendar quarter of 2017. Under the terms of the merger agreement, Blue Nile may solicit alternative acquisition proposals from third parties during a 30-day "go-shop" period, following the date of execution of the merger agreement. BofA Merrill Lynch is serving as exclusive financial advisor to Blue Nile, and Wilson Sonsini Goodrich & Rosati is serving as its legal advisor. Goldman Sachs & Co is providing debt for the transaction, and Kirkland & Ellis LLP is serving as legal advisor to the Investor Group. Concurrent with this press release, Blue Nile announced in a separate earnings press release financial results for the third quarter of 2016. For the quarter ended October 2, 2016, Blue Nile’s net revenues in accordance with Generally Accepted Accounting Principles (“GAAP”) were $105.1 million and net income totaled $1.3 million, or $0.11 per diluted share. About Blue Nile, Inc. (Nasdaq:NILE) Blue Nile, Inc. is a leading online jeweler. The company offers a smarter way to buy engagement rings, wedding rings, and fine jewelry by providing in-depth educational materials and unique online tools that place consumers in control of the jewelry shopping process. Blue Nile has some of the highest quality standards in the industry and offers thousands of independently graded diamonds and fine jewelry at prices significantly below traditional retail. Blue Nile's shares are traded on the Nasdaq Stock Market LLC under the symbol NILE. More information about Blue Nile can be found at www.bluenile.com. About Bain Capital Private Equity Bain Capital Private Equity (www.baincapitalprivateequity.com) has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since our founding in 1984. Our team of more than 400 investment professionals creates value for our portfolio companies through our global platform and depth of expertise in key vertical industries including consumer/retail, financial and business services, healthcare, industrials, and technology, media and telecommunications. In addition to private equity, Bain Capital invests across asset classes including credit, public equity and venture capital, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus. About Bow Street LLC Founded in 2011, Bow Street is a New York-based investment manager that partners with institutional investors and family offices globally to invest opportunistically across public and private securities. Additional Information and Where to Find It Blue Nile, Inc. (“Blue Nile”) plans to file with the Securities and Exchange Commission (the “SEC”), and furnish to its stockholders a proxy statement in connection with the proposed merger with BC Cyan Acquisition Inc., pursuant to which Blue Nile would be acquired by BC Cyan Parent Inc., an affiliate of Bain Capital Fund XI and Bow Street LLC (the “Merger”).  The proxy statement described above will contain important information about the proposed Merger and related matters.  INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT CAREFULLY WHEN IT BECOMES AVAILABLE.  Investors and stockholders will be able to obtain free copies of these documents and other documents filed with the SEC by Blue Nile through the website maintained by the SEC at www.sec.gov.  In addition, investors and stockholders will be able to obtain free copies of these documents from Blue Nile by contacting Blue Nile’s Investor Relations by telephone at 206.336.6745, by e-mail at investor@bluenile.com, or by going to Blue Nile’s Investor Relations page on its corporate web site at http://investor.bluenile.com and clicking on the link titled “SEC Filings” under the “Financials & Filings” heading. Blue Nile and certain of its directors, executive officers, and certain other members of management and employees of Blue Nile may be deemed to be participants in the solicitation of proxies from the stockholders of Blue Nile in connection with the proposed Merger.  Information regarding these individuals and other persons who may be deemed to be participants in the solicitation of proxies, as well as any interests they may have in the transaction described herein, will be included in the proxy statement described above.  Additional information regarding Blue Nile’s directors and executive officers is also included in Blue Nile’s proxy statement for its 2016 Annual Meeting of Stockholders, which was filed with the SEC on April 15, 2016. These documents are available free of charge as described in the preceding paragraph. Note on Forward-Looking Statements This information contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 with respect to the proposed transaction between Blue Nile and BC Cyan Parent Inc., including statements regarding the benefits of the transaction, the anticipated timing of the transaction, the expected closing of the proposed Merger and future performance and plans of Blue Nile. In some cases, you can identify forward-looking statements by terms such as “would,” “could,” “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “might,” “predict,” “potential,” “targets,” “seek,” or “continue,” the negative of these terms or other variations of such terms. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those indicated in such forward-looking statements, including, but not limited to, the ability to obtain approval of Blue Nile’s stockholders, the ability to obtain required regulatory approvals, the ability of the parties to satisfy other conditions to the consummation of the proposed Merger, the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, the risk that the the transaction may involve unexpected costs, liabilities or delays and such other risks as identified in Blue Nile’s Annual Report on Form 10-K for the fiscal year ended January 3, 2016, Quarterly Report on Form 10-Q for the fiscal quarter ended April 3, 2016 and Quarterly Report on Form 10-Q for the fiscal quarter ended July 3, 2016, each as filed with the SEC, which contain and identify important factors that could cause the actual results to differ materially from those contained in the forward-looking statements.  While Blue Nile may elect to update forward-looking statements at some point in the future, Blue Nile specifically disclaims any obligation to update the forward-looking statements provided to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, and, therefore, you should not rely on these forward-looking statements as representing Blue Nile’s views as of any date subsequent to today.


Eltahir M.A.,Blue Nile University | Dafa-Alla A.F.A.,Garden City College
Proceedings - 2013 International Conference on Computer, Electrical and Electronics Engineering: 'Research Makes a Difference', ICCEEE 2013 | Year: 2013

The growth of the Internet is increasing rapidly and the use of websites and web-based systems has become very common. The main problem that faces any website admin or any web application system is data increase per-second, which is stored in different types and formats in server log files about users, their future needs and maintains the structure and content of website or web services according to their previous data. Web usage mining aims at discovering useful information or knowledge from usage data registered in log files, based on primary kinds of data used in the mining process. By using one of the web mining techniques, this paper uses a web usage mining technique to procure knowledge from web server log files where all user navigation history is registered. © 2013 IEEE.


Edreis E.M.A.,Huazhong University of Science and Technology | Edreis E.M.A.,Blue Nile University | Luo G.,Huazhong University of Science and Technology | Li A.,Huazhong University of Science and Technology | And 2 more authors.
Energy Conversion and Management | Year: 2014

This study investigates the possible synergistic interactions between the Sudanese lower sulphur petroleum coke (PC) and sugar cane bagasse (SCB) during H2O co-gasification with three concentration values (25%, 50% and 75% v/v) using a thermogravimetric analyser (TGA) at 20 C/min. The kinetic thermal behaviour, and effects of both H2O concentration and fuel blending ratio were investigated. The results show that, significant interactions existed in both reaction stages of samples, and become less when PC content and H 2O concentration are 50%. Petroleum coke showed only one char gasification stage at (>700 C) at 75% H2O. Some kinetics models like homogeneous and shrinking core models were studied by the Coats-Redfern method in order to observe the optimum reaction mechanism for the H2O gasification of samples, describe the best reactive behaviour and determine the kinetic parameters. The results showed that, the co-gasification behaviour and kinetic parameters have a significantly influenced by increasing both H 2O concentration and PC content. The boundary controlled reaction model (R2) shows the lowest values of activation energy (E) for all samples and H2O concentrations. Finally, all the models are successfully utilized to predict the experimental data under all H2O concentration values. © 2013 Elsevier Ltd. All rights reserved.


Hassan M.A.,Blue Nile University
Proceedings - 2015 International Conference on Computing, Control, Networking, Electronics and Embedded Systems Engineering, ICCNEEE 2015 | Year: 2015

This paper aims to observe the dynamic behavior of synchronous generators during symmetrical faults and load rejection occurrence. So, a new proposed simulation technique was developed to simulate the synchronous generator characteristics in one simulation block using MATLAB SIMULINK Program. This block is simple, easy to use and it completely describes the electrical characteristics of synchronous generator. As a results, it was found that, the three-phase short circuit current waveforms consist of; fundamental frequency component which decays during subtransient, transient, and steady-state period, and a unidirectional component which decays exponentially in several cycles. Furthermore, it was found that at the load rejection occurrence the electrical torque and currents immediately go to zero. Accordingly it was observed that the frequency and voltage were increased to a high value which reaches more than 80 Hertz for frequency and 2.0 per unit for voltage respectively. © 2015 IEEE.


Trademark
Blue Nile University | Date: 2016-05-27

Computer application software for mobile phones and handheld computers, namely, software for use in connection with the selection, design, customization and purchase of jewelry; computer application software for mobile phones and handheld computers, namely, software for taking photographs and manipulating images.


Trademark
Blue Nile University | Date: 2012-04-03

Jewelry.


Trademark
Blue Nile University | Date: 2012-07-24

Jewelry; jewelry collections comprised primarily of jewelry.


Trademark
Blue Nile University | Date: 2012-09-25

Diamonds, rings, and jewelry; jewelry collections comprised primarily of jewelry.

Loading Blue Nile University collaborators
Loading Blue Nile University collaborators