JPMorgan Chase & Co. (NYSE:JPM) may soon start letting employees use the iPhone for corporate e-mail instead of BlackBerry devices manufactured by Research In Motion. According to a source with Bloomberg, JPMorgan is testing the iPhone device and smartphones that run on Android. JPMorgan has about 220,000 employees across the globe.

DigitalGlobe is a Longmont, Colorado based company that sells space imagery and geospatial content. DigitalGlobe also operates a remote sensing spacecraft. The company was started in 1992 and has 350 employees. Some of their customers include Google (Google Earth, Google Maps), GeoEye, Spot Image, NASA, and the U.S. Department of Defense.

The company is planning for an IPO this month in order to raise money for building a new satellite.  They were planning to go IPO last year but postponed it due to the weak economy.  Morgan Stanley, Lehman Brothers, Citi, UBS Investment Bank, JPMorgan, and Jefferies will be handling the offering.  Lehman will be helping despite their Chapter 11 bankruptcy protection.

Lehman has $20 million in debt owed by DigitalGlobe.  After the IPO, Lehman also has the right to appoint five out of nine of DigitalGlobe’s board members due to being a large enough investor.  DigitalGlobe’s WorldView-2 orbiter will cost roughly $283 million which will be fully paid for after going IPO.

GeoEye Inc. is DigitalGlobe’s biggest competitor.  GeoEye is based in Dulles, Virginia and they employ about 130 people.  DigitalGlobe earned about $95.8 million on $151.7 million in revenue in 2007.

DigitalGlobe will be the fifth IPO this year in the United States.

[via alarmclock/StreetInsider]

Napster, Inc. (NASDAQ:NAPS) has hired UBS AG (NYSE:UBS) to help them with their proxy battle and to solicit an acquisition. Napster is a small competitor of iTunes and Amazon.com and was the talk of the tech town in the late 90′s/early 2000′s.

There are three shareholders that are looking to have the current Board of Napster ousted. Perry H. Rod, Thomas Sailors, and Kavan P. Singh are the three shareholders that are having a proxy battle with the current Board. Napster’s annual shareholder meeting is taking place on September 18. The Board is seeking to have Richard J. Boyko, Philip J. Holthouse and Robert Rodin re-elected.

The letter to shareholders is available after the jump.

TheMarkets.com is a website that reports financial resources and estimations to institutional investors.  Today the company announced that it has “completed a $30 million Series S Rights Offering to its existing broker-owners^[1].”

“This investment is a tangible validation of our business model to provide value-added content and workflow solutions to the buy-side,” stated David Eisner, the CEO and President of TheMarkets.com. “Together with our already strong cash flow and balance sheet, this round of financing will propel our growth in the coming years. The funding will enable us to pursue strategic investments and acquisitions, as we continue to expand globally by leveraging our existing distribution platform and our unique relationships with the sell-side to introduce new products and services requested by our clients.”

Who owns TheMarkets.com?  The company was formed in 2000 by eleven of the top investment banks: Banc of America Securities, Citigroup, Credit Suisse, Deutsche Bank, Dresdner Kleinwort, Goldman Sachs, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, UBS Investment Bank.  The site also offers information regarding company financial filings and pending equity deals straight from the source.  TheMarkets.com is based in New York and also has offices in London.

TheMarkets.com serves over 1500 firms in 43 countries.  “TheMarkets.com has a proven management team and a sound business model,” stated Mark Steinert, a new Board Member of and also a Global Head of Research at UBS. “We view the Company as an ideal vehicle through which to develop new tools for the buy-side that uniquely leverage our services, and we were delighted to be a significant investor in the round.”

[1] TheMarkets.com Press release: TheMarkets.com Closes $30 Million to Fund Strategic Growth Plans

References:
[2] PaidContent: Online Financial Researcher TheMarkets.com Closes $30 Million Investment