OSLO, Norway and LONDON, July 26 /PRNewswire/ --
- FAST Leads in UK Enterprise Search Market
Fast Search & Transfer(TM) (OSEAX: FAST.OL) (FAST(TM)), the leading developer of enterprise search technologies and solutions, today announced new enterprise search deals with Fish4, FT Business and Norton Rose, adding to a strong roster of recent UK client wins including, Reuters, Reed Business, FT.com, Nomura International, Nottingham Trent University, Associated New Media, ProQuest, Thompson Financial and Loot.com.
"We chose FAST, because we felt they were the best in the enterprise search space and the only provider that could satisfy the demand of our professional users. The products do exactly what they say on the tin, delivering the scalability and security we need to transform our business model, provide instant, relevant responses, and unify over 900 of Reed Business titles into a single vertical portal. We wanted to deploy quickly and the FAST team delivered," stated Graeme McCracken, Reed Business project director.
FAST's solutions are being adopted to speed the implementation and maximize the value of diverse applications such as business intelligence (BI), competitive analysis and regulatory and policy compliance. FAST's focus and product development investment has also allowed it to move into vertical-specific areas such as e-commerce, mobile, new media, publishing, risk management, surveillance, and enforcement.
According to Matt Brown, senior analyst at Forrester Research and Wave report author, "FAST Enterprise Search Platform (FAST ESP(TM)) is quickly becoming an enterprise search standard for major corporations and effectively addresses the broadest set of market needs - from basic corporate search to very large, high-scale search applications." Brown continued, "FAST ESP 5 is particularly strong in business analyst-facing search management tools and scales efficiently to very demanding scenarios." ("The Forrester Wave(TM): Enterprise Search Platforms, Q2 2006," Forrester, June 2006).
FAST uniquely supports its customers' innovation through its Research and Development team which comprises over 20 percent of its total employees, Search Best Practices Consulting offerings and the recent creation of its FAST Center for Search Innovation. FAST is providing industry-leading investments in product development to ensure that FAST Enterprise Search Platform(TM) (FAST ESP(TM)) is a secure choice for organizations that need enterprise search innovation now and in the future.
"We chose FAST because they are the right choice as a strategic, long-term enterprise search partner. FAST has supported us during a key transitional period and has the proven deep domain expertise to provide a secure footprint for the future," said Lee Wilkinson, head of business products, Financial Times.
"We chose FAST ESP because it is functionally very rich and highly scalable. Most importantly FAST was prepared to underwrite the performance of FAST ESP," commented Fish4 CTO Richard Yeo. "I also felt FAST understood our diverse search requirements better than their competitors."
FAST has not only built significant momentum in sales but is growing its personnel to continue to offer the highest levels of support and customer service. In this quarter's independent customer survey, satisfaction levels have been confirmed at 99%. FAST's product and service leadership has enabled it to attract the very best talent in the enterprise search industry.
"The UK market represents a sophisticated and advanced client group that demands a full set of technical requirements in addition to local consulting, delivery, and support capabilities. The FAST team and FAST offerings are perfectly suited to meet the most challenging enterprise search requirements," said Ali I. Riaz, president of FAST. "With our UK team led by Regional Vice President Spencer Young, FAST is prepared to support customers that are driving search innovation as well as continuing to grow our leading position in this market."
FAST is the leading developer of enterprise search technologies and solutions that are behind the scenes at the world's best known companies with the most demanding search problems. FAST's flexible and scalable enterprise search platform (FAST ESP) elevates the search capabilities of enterprise customers and connects people to the relevant information they seek regardless of medium. This drives revenues and reduces total cost of ownership by effectively leveraging IT infrastructure. FAST's solutions are used by more than 2,600 global customers and partners, including America Online (AOL), Cardinal Health, CareerBuilder.com, Chordiant, CIGNA, CNET, Computer Associates, Dell, EMC Documentum, Factiva, Fidelity Investments, Findexa, IBM, Knight Ridder, LexisNexis, Merrill Lynch, Rakuten, Reed Elsevier, Reuters, Sensis, Stellent, Tenet Healthcare, Thomas Industrial Networks, T-Online, US Army, Virgilio (Telecom Italia), Vodafone, and Wanadoo.
FAST is headquartered in Norway and is publicly traded under the ticker symbol 'FAST' on the Oslo Stock Exchange. The FAST Group operates globally with presence in Europe, the United States, Asia Pacific, Australia, South America, and the Middle East and Africa. For further information about FAST, please visit www.fastsearch.com.
(c) 2006 Fast Search & Transfer ASA - Fast Search & Transfer, FAST, FAST ESP, Contextual Insight and the FAST logo are trademarks of Fast Search & Transfer ASA. All rights reserved.Fast Search & Transfer ASA
For more information, please contact: Fast Search & Transfer, Laurena McKenna, +44-(020)-8297-5388, firstname.lastname@example.org
PARIS, July 26 /PRNewswire/ -- GENERIX, éditeur de solutions logicielles pour le Commerce, publie aujourd'hui son Chiffre d'Affaires pour le 1er semestre 2006, clos au 30 juin.
Chiffre d'Affaires (MEUR) S1 05 S1 06 variation Licences Progiciels 2,42 2,72 + 13% Maintenance 2,44 3,08 + 26% Consulting 4,57 5,28 + 16% Total 9,44 11,08 + 17%
GENERIX a enregistré au cours du 1er semestre 2006 un chiffre d'affaires de 11,08 MEUR, en hausse de 17% sur un an. Les revenus de l'activité d'édition (Licences Progiciels et Maintenance) progressent de 19,3% sur la mÃªme période. Cette performance s'explique par une activité soutenue au cours des deux trimestres.
- LICENCES PROGICIELS
Avec un chiffre d'affaires de 2,72 MEUR, les revenus de l'activité stratégique des Licences Progiciels ont augmenté de 13%.
GENERIX a enregistré au cours du semestre des contrats significatifs avec des enseignes à forte notoriété ou en pleine expansion, parmi lesquelles :
- Lalique, enseigne de réputation internationale dans le secteur du luxe,
- Delbard, réseau de 40 magasins de jardinerie,
- Club, dynamique enseigne dans le secteur culture et loisirs (26 magasins) et Planet Parfum, enseigne ndegrees1 de parfumerie et de cosmétiques en Belgique (67 magasins), appartenant au groupe Distripar, leader de la distribution spécialisée en Belgique,
- Literie Diffusion, réseau hard discount en pleine expansion (50 magasins) spécialiste de << l'univers du sommeil >>.
Ces enseignes ont choisi Generix Collaborative Entreprise pour leur centrale, l'encaissement et la gestion multi-canaux des ventes, leur logistique et leur finance.
Par ailleurs, GENERIX a enregistré au cours du semestre de nouvelles signatures auprès de sociétés déjà clientes, parmi lesquelles : Groupe King Jouet, Belgium Sky Shop, General Electric, et CDiscount. Ce dernier a d'ailleurs choisi GENERIX pour l'accompagner dans sa stratégie de développement multi-canal ; GENERIX équipera la nouvelle plate-forme logistique ultra-moderne de l'enseigne.
En choisissant de développer ou de compléter leur système d'information de vente avec Generix Collaborative Entreprise, ces entreprises soulignent les forces du modèle GENERIX : une offre verticale parfaitement adaptée, une pertinence technologique, une réelle modularité et des capacités d'accompagnement.
Les revenus de Maintenance marquent une progression de 26%, à 3,08 MEUR. L'activité bénéficie de la forte croissance du parc de Logiciels et du déploiement de Generix-en-Ligne, l'offre de Services à forte valeur ajoutée.
Les revenus de l'activité Consulting augmentent de 16%, à 5,28MEUR.
La performance s'explique par une augmentation régulière du taux d'activité tout au long du semestre et sur l'accueil très favorable des clients au développement de prestations à plus forte valeur ajoutée.
Le semestre a été marqué par le démarrage de deux projets d'envergure :
- L'ouverture de boostore.com, le site e-commerce spécialisé de Carrefour, dont l'ambition est de s'imposer à terme comme le leader français du secteur. Generix Collaborative Entreprise gère l'ensemble des flux administratifs et physiques du back-office du site : référentiel achats, approvisionnement, gestion du stock et intégration des ventes.
- Le déploiement du nouveau système d'information de Locapharm, leader français de la vente de matériel médical et des soins à domicile en plein essor.
Le 2nd semestre devrait une nouvelle fois permettre à GENERIX de sur-performer nettement son marché, grâce :
- à l'avance technologique et fonctionnelle du produit,
- à la récurrence des revenus dans le business model mis en place
- au pipeline de grands projets.
Jean-Charles DECONNINCK, Président du Directoire de GENERIX,
conclut : <
Prochain communiqué : Résultats Semestriels 2006, le 9 octobre 2006, après Bourse Contact GENERIX Sylvie BRUNET Direction de la Communication email@example.com - +33-(0)1-47-49-36-66 Contact Presse Stéphanie STAHR CM-CIC EMETTEUR firstname.lastname@example.org - +33-(0)1-45-96-77-83Generix
Contact GENERIX: Sylvie BRUNET, Direction de la Communication, email@example.com - +33-(0)1-47-49-36-66. Contact Presse: Stéphanie STAHR, CM-CIC EMETTEUR, firstname.lastname@example.org - +33-(0)1-45-96-77-83
CHICAGO, July 26 /PRNewswire/ -- CareerBuilder.com, the nation's largest online job site with more than 1.5 million jobs and over 23 million unique visitors, is at the center of a major turn in the history of online recruitment. After leading the industry in job postings and traffic for more than two years, CareerBuilder.com has passed its largest competitor in U.S. revenue. This means CareerBuilder.com now commands the leadership position in all major categories of online recruitment in the U.S., delivering on its promise to take top ranking domestically before full expansion overseas.
Five years ago, CareerBuilder.com was an emerging contender in the online recruitment space, one-fifth the revenue size of the market leader(1). Setting the stage for success with cutting-edge technology, dedicated customer service and aggressive sales and marketing strategies, CareerBuilder.com grew its revenue annually by more than 75 percent and quickly closed the gap between it and its main competitor.
In the second quarter of 2006, CareerBuilder.com pulled ahead of its rival. The company and its local affiliates generated $172 million in market revenues in the U.S., $9 million more than its largest competitor in all of North America. For the first six months of the year, CareerBuilder's North American revenues were $329 million, compared to $323 million for its largest competitor.
"We know the greatest asset of any organization is its people, and we take our job of delivering world class talent very seriously," said Matt Ferguson, CEO of CareerBuilder.com. "That's why employers and job seekers across the country now use CareerBuilder.com more than any other site. We offered a better solution and customers took notice, as evidenced in our leadership in job postings, traffic and revenue. We didn't invent the industry, but in five years, we have taken it over."
How did they do it? CareerBuilder.com built a distribution network of more than 900 partners and, in a bold maneuver, replaced its rival as the exclusive job search engine for America Online and MSN. While CareerBuilder.com's traffic soared, its competitor's dwindled.
At the same time, CareerBuilder.com unleashed a widely successful national marketing campaign valued at over $200 million. Critically acclaimed appearances in the Super Bowl TV ad lineup for the last two years punctuated a multifaceted marketing strategy that cleverly blended grassroots outreach with high profile venues.
Since January 2004, CareerBuilder.com has captured the most traffic in the industry every month, according to reports from comScore Media Metrix. The CareerBuilder network now draws more than 23 million unique visitors per month, approximately 9 million more than its largest competitor.
With more than 1,900 salespeople in-house and at its newspaper partners, the company has aggressively pushed forward into new markets and captured a greater portion of recruitment spend amongst FORTUNE 1000 and small and medium-sized businesses. For 40 consecutive months, CareerBuilder.com has posted the most jobs in the industry, according to Corzen. The company has experienced a 12-point gain in market share over the last two years and is certain to increase its share in 2006.
The company has also led the industry in technology advancement, creating a unique job matching functionality to hasten the job search process. The company serves on FAST Search & Transfer's Technology Advisory Board and works exclusively with FAST on product development for online recruitment, keeping CareerBuilder.com at the forefront of best-of-breed search engine technology.
"Working together with a network of over 900 partners and hundreds of thousands of customers, we have harnessed the power of the Internet to unite millions of employers and job seekers," said Ferguson. "We have helped businesses -- and people -- build their futures. We're grateful for the support from our customers and partners and promise to continue our tradition of excellence as we take our leadership to a global level."
(1) Morgan Stanley, "Publishing: The Publishing Handbook: June 16, 2006" and CareerBuilder pro forma results. About CareerBuilder.com
CareerBuilder.com is the nation's largest online job site with more than 23 million unique visitors and over 1.5 million jobs. Owned by Gannett Co., Inc. , Tribune Company , and The McClatchy Company , the company offers a vast online and print network to help job seekers connect with employers. CareerBuilder.com powers the career centers for more than 900 partners that reach national, local, industry and niche audiences. These include more than 150 newspapers and leading portals such as America Online and MSN. More than 250,000 employers take advantage of CareerBuilder.com's easy job postings, 18 million-plus resumes, Diversity Channel and more. Millions of job seekers visit the site every month to search for opportunities by industry, location, company and job type, sign up for automatic email job alerts, and get advice on job hunting and career management. For more information about CareerBuilder.com products and services, visit http://www.careerbuilder.com/.
Media Contact: Jennifer Sullivan 773-527-1164 Jennifer.Sullivan@careerbuilder.comCareerBuilder.com
CONTACT: Jennifer Sullivan of CareerBuilder.com, +1-773-527-1164,
Web site: http://www.careerbuilder.com/
HOLLY SPRINGS, N.C., July 26 /PRNewswire/ -- Paragon Application Systems, the leading global provider of ATM and EFT simulation, configuration and testing tools, today announced the licensing of its ATMulator Plus and FASTest software to Information Technology, Inc. (ITI), a leading core software and services solutions provider to financial institutions, and a unit of Fiserv, Inc. . ITI will use Paragon's software to optimize quality control of ATM and EFT products they support.
"Paragon tools provide a user-friendly interface to simulate any ATM or EFT message, and the comparison and reporting tools enable us to identify discrepancies easily and efficiently," says Kent E. White, ITI Senior Quality Control Manager. "Use of the tools has greatly decreased development time, plus we're able to create new ATM switch interfaces with fewer programming challenges."
ITI uses Paragon's ATMulator Plus and FASTest products to conduct unit and regression testing of any ATM changes, new ATM program development, and EFT switch interface development. ATMulator Plus provides a desktop virtual ATM interface enabling ITI to see what customers see and do what customers do at their Diebold, NCR or Wincor ATMs. With ATMulator Plus, ITI can simulate and test virtually any ATM condition or device fault. With Paragon's Professional FASTest, ITI has the freedom to customize EFT message formats in order to test EFT interfaces between their customers and various host systems.
"We're pleased to have the opportunity to work with ITI and enhance their competitiveness through the Paragon WorkSmart product suite," says Harold Pruitt, Account Manager for Paragon Application Systems. "ITI personnel are committed to fully using Paragon products, including many advanced features, in order to maximize testing effectiveness and efficiency."
"Initial indicators demonstrate that Paragon's ATMulator Plus and FASTest will be excellent tools to enhance ITI's ability to provide even higher quality ATM application products and service to our clients," adds White. "We appreciate the fact that Paragon has treated ITI as a valued partner and not just another client using their software."
About Paragon Application Systems
Paragon Application Systems is the leading global provider of ATM, EFT and POS simulation, configuration and testing software tools to the financial industry. More than 350 financial institutions in over 70 countries use Paragon tools to improve quality and reduce time-to-market. Paragon's broad customer base includes major interchanges, processors, leading software providers, banks and credit unions. Visit Paragon Application Systems at http://www.paragonedge.com/.
About Information Technology, Inc.
Serving more U.S. banks and savings institutions than any other software and services vendor, ITI offers several core solutions, including the service oriented architecture-based Premier(R) and PCS Vision(TM) suites, and a broad range of supporting products and services available on the nation's most popular IBM and Unisys hardware platforms for in-house and outsourced account processing. Founded in 1976, ITI works closely with some of the best-known technology companies in the world, and has grown to incorporate businesses and offices nationwide, including its Premier, Precision Computer Systems (PCS), Branch Automation, eSolutions, Digital Solutions, Decision Metrics and Professional Services operating units. A subsidiary of Fiserv, Inc., ITI can be found on the Internet at http://www.itiwnet.com/.
About Fiserv, Inc.
Fiserv, Inc. , a Fortune 500 company, provides information management systems and services to the financial and health benefits industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company serves more than 17,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2005 and 2004 FinTech 100 surveys. Fiserv Health provides health plan management, pharmacy benefits management, and BPO services to the managed care market and self-funded commercial and government employers and health plans. Headquartered in Brookfield, Wis., Fiserv reported more than $4 billion in total revenue for 2005. For more information, please visit http://www.fiserv.com/.Paragon Application Systems
CONTACT: Kathryn Cameron of Paragon, +1-919-567-9890
Web site: http://www.parappsys.com/
ORLANDO, Fla., July 26 /PRNewswire/ -- There is only one thing Teen Trendsetters(TM) might possibly like more than mentoring, and that is talking on a wireless phone! In recognition of the positive difference these young leaders are making in the lives of children throughout Florida, Cingular Wireless will donate GoPhones to all 250 of the 2006-2007 Teen Trendsetters(TM) on July 28 during the Grand Finale Luncheon with Governor Jeb Bush at the Fifth Annual Teen Trendsetters(TM) Reading Mentors Summit being held at the Wyndham Orlando Resort.
Teen Trendsetters(TM) began in 2002, through the partnership of Florida Trend's NEXT magazine for teens and nonprofit Volunteer Florida Foundation. VFF manages the Florida Mentoring Partnership, of which the Teen Trendsetters(TM) Reading Mentors program is a part. The program provides training and support to selected teen leaders who recruit classmates to help them mentor elementary students in reading.
"We realize the impact education has on a person's quality of life, as well as on our community and society," said Rudy Hermond, vice president and general manager for Cingular's Central, West and North Florida markets. "The young adults participating in the Teen Trendsetters program are more than just mentors to younger students; they are role models, a glimpse of what the future could hold for them."
In addition to the $15,000 phone donation, Cingular is a Diamond Sponsor for the Fifth Annual Teen Trendsetters(TM) Reading Mentors Summit. During the two day summit, the teen volunteers learn ways to make reading a fun part of children's lives and learn how to get the program started in their hometowns.
For more information on the Teen Trendsetters(TM) program, please visit http://www.flamentoring.org/.
About the Teen Trendsetters(TM) Reading Mentors Program
Volunteer Florida Foundation, in partnership with Florida Trend's NEXT magazine for teens, developed and launched the Teen Trendsetters(TM) Reading Mentors program in 2002. The Trendsetters program recruits and trains Florida's teens to mentor third-graders in reading. A specialized curriculum, developed by VFF and Scholastic, guides teens and is enhanced by selected readers from Scholastic. This detailed guide ensures teens know what to do, and when, in tutoring third-grade students. The Trendsetters program is the proud recipient of the national Harris Wofford Award for exemplary performance in engaging youth in community service, given by Youth Service America in Washington, DC. Trendsetters is part of the Florida Mentoring Partnership. For more information, go to http://www.flamentoring.org/.
About Cingular Wireless
Cingular Wireless is the largest wireless carrier in the United States, serving 57.3 million customers. Cingular, a joint venture between AT&T Inc. and BellSouth Corporation , has the largest digital voice and data network in the nation -- the ALLOVER(TM) network -- and the largest mobile-to-mobile community of any national wireless carrier. Cingular is a leader in third generation wireless technology. Its 3G network is the first widely available service in the world to use HSDPA (High Speed Downlink Packet Access) technology. Cingular is the only U.S. wireless carrier to offer Rollover(r), the wireless plan that lets customers keep their unused monthly minutes. Details of the company are available at http://www.cingular.com/. Get Cingular Wireless press releases emailed to you automatically. Sign up at http://cingular.mediaroom.com/.Cingular Wireless; Volunteer Florida Foundation
CONTACT: Kelly Starling of Cingular Wireless, +1-561-775-4259, or
email@example.com; or Fonda Anderson of Volunteer Florida
Foundation-Teen Trendsetters(TM) Reading Mentors, +1-727-821-2056, or
Web site: http://www.cingular.com/
PENNSAUKEN, N.J., July 26 /PRNewswire-FirstCall/ -- Science Dynamics Corporation (BULLETIN BOARD: SIDY) , a provider of advanced technological solutions to key government agencies and enterprise customers, announced today it has entered into an agreement to restructure its debenture with the Laurus Master Fund.
CEO Paul Burgess said, "This restructuring represents a critical achievement for Science Dynamics. We have agreed to pay off the entire $2 million debenture with Laurus in exchange for a waiver of previous defaults and removal of all related liens and indebtedness. In addition to saving Science Dynamics significant fees and penalties, this agreement strengthens our balance sheet and enables us to seek additional financing more favorable to shareholder growth.
"Science Dynamics is in a dramatically different financial position as a result of this agreement," said Burgess. "Laurus played an important role in the progress we have made over the past several years, enabling us to finance the acquisition of SMEI and providing us with working capital as we transformed our business. Since placing the convertible with Laurus in February of last year, we completed a transformative acquisition, grew sales to $4.7 million on a trailing 12-month basis and became EBITDA positive as we grew the value of our service contracts with clients to more than $16 million. We appreciate Laurus' assistance and their continuing confidence in us. Laurus will continue to be an important shareholder."
Science Dynamics will pay off the existing Laurus $2 million debenture by August 31, 2006. The company will pay Laurus $500,000 in cash and issue 1 million restricted common shares immediately and will pay another $250,000 in cash to Laurus on August 1, 2006. By August 31, 2006, Science Dynamics will issue an additional 8,333,333 restricted common shares and pay $750,000 in cash to Laurus. In exchange, Laurus will consider the existing convertible debenture repaid in full and will waive all previous defaults and liens on the company. Upon fulfilling the terms of this agreement, Science Dynamics will have no outstanding indebtedness to Laurus.
For additional details on the terms of the agreement between the company and Laurus, see Form 8-K filed by the company with the Securities and Exchange Commission on January 26, 2006.
About Science Dynamics Corporation
Science Dynamics Corporation (SciDyn) is a provider of advanced information and communications technology to the government and commercial markets. The company's technology services division designs, deploys and manages advanced technological solutions at key government agencies and mid- to large-sized enterprises. SciDyn's technology products division consists of several core proprietary platforms used to develop customized software applications with military grade security in multiple vertical markets. For more information, visit http://www.scidyn.com/ .
An investment profile about Science Dynamics may be found at http://www.hawkassociates.com/sciencedynamics/profile.php .
For investor relations information regarding Science Dynamics, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: firstname.lastname@example.org . An online investor relations kit including copies of press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com/ and http://www.americanmicrocaps.com/ .
Forward-Looking Statements: Certain statements made in this press release by Science Dynamics Corporation are forward-looking statements. Although such statements are based on current expectations, they are subject to a number of future uncertainties and risks, and actual results may differ materially. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Statements made in this document that are not purely historical are forward- looking statements, including any statements as to beliefs, plans, expectations, anticipations or intentions regarding the future. Science Dynamics Corporation assumes no obligation to update information concerning the forward-looking statements contained herein.Science Dynamics Corporation
CONTACT: Frank Hawkins or Julie Marshall, both of Hawk Associates,
+1-305-451-1888, or email@example.com, for Science Dynamics
Web site: http://www.scidyn.com/
BANNING, Calif., July 26 /PRNewswire/ -- Banning residents are a major step closer to having more choice for their cable television services, thanks to a City Council vote last night (July 25) in favor of allowing Verizon to offer its fiber-optic-powered FiOS TV in the community.
"This vote is great news for the residents of Banning," Verizon West Region President Tim McCallion said. "We commend the mayor, council members, city staff and city attorney for their dedication and hard work throughout this process. Competition drives innovation, value and service quality, and we will compete aggressively for business in Banning with our FiOS services, which are fueled by our lightning-fast fiber-optic network."
Banning, with approximately 9,000 households, is the 11th community in California to vote on a video-franchise application from Verizon.
"Verizon has worked hard to negotiate franchise agreements over the past two years, but so far only 11 communities have voted to approve an agreement," McCallion said. "All the votes have been favorable, but tens of thousands of consumers in other communities served by Verizon have been denied a new alternative to their cable company because the current video-franchising system is slow and inefficient. Californians deserve a state-based franchising process that will accelerate competition, bringing lower prices and improved technology."
The California Assembly voted 77-0 to pass legislation that would move franchising to the state level. The bill is currently in the state Senate, where it received a unanimous vote from the Energy, Utilities and Communications Committee.
Verizon already offers FiOS TV in Beaumont and Murrieta and plans to launch the service later this year in Hermosa Beach, Apple Valley, Lake Elsinore, Temecula and Manhattan Beach. Verizon also has franchise agreements with Camarillo, Perris and (pending final council approval) Malibu. No launch date has been set yet for Banning.
FiOS TV is designed to be a formidable competitor to cable and satellite, offering a broad collection of all-digital programming, two dozen high- definition channels, more than 2,500 video-on-demand titles and more. It is delivered over Verizon's fiber-to-the-premises network, which has industry- leading quality and reliability. Fiber delivers amazingly sharp pictures and sound, and has the capacity to transmit a wide array of high-definition programming that is so clear and intense it seems to leap from the TV screen. Verizon's network design includes backup facilities not common to traditional cable systems, such as duplicate "head ends" where the TV service receives national programming.
The fiber network, known as fiber to the premises or FTTP, will link homes and businesses to Verizon's network. The new network will unleash a range of advanced communications services. In addition to video services, the network also allows the company to offer consumers and businesses high-speed FiOS Internet Service at download speeds of up to 30 Mbps (megabits per second) and upload speeds up to 5 Mbps.*
* NOTE: Actual (throughput) speeds will vary.
Verizon Communications Inc. , a Dow 30 company, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving 53 million customers nationwide. Verizon Business operates one of the most expansive wholly-owned global IP networks. Verizon Telecom is deploying the nation's most advanced fiber-optic network to deliver the benefits of converged communications, information and entertainment services to customers. Based in New York, Verizon has a diverse workforce of more than 250,000 and generates annual consolidated operating revenues of approximately $90 billion. For more information, visit http://www.verizon.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.Verizon
CONTACT: Kevin Laverty, +1-425-261-5855, or firstname.lastname@example.org
Web site: http://www.verizon.com/
Company News On-Call: http://www.prnewswire.com/comp/618232.html
DALLAS, July 26 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc. , a premier provider of business process outsourcing and information technology solutions, announced today that it has been awarded an expansion of its human resources outsourcing (HRO) contract with The Goodyear Tire & Rubber Company , the world's largest tire company. The expanded agreement adds HRO support for Goodyear's Latin America Region to ACS' existing 10-year contract supporting Goodyear employees in North America.
ACS has been providing a variety of HRO services for Goodyear's North American operations since February 2004. Among ACS' current services are benefits administration, training, payroll, staffing and recruiting, HRIS/HRIT, relocation and ex-patriot tax services. Under the terms of the expanded agreement, ACS will add HRO support for nine countries in Latin America and the Caribbean, implementing SAP HR software to provide systems for organizational management, personnel administration, and benefits management information. The agreement furthers ACS' position as a leading provider of global HRO solutions.
ACS will also implement payroll services in five major Goodyear manufacturing locations, replacing legacy systems and creating a single, modern software and architecture for information delivery. Transactions will be supported by a regional dual-language, Spanish and Portuguese, service center located in Brazil.
"We look forward to extending ACS' support beyond North America to include our Latin American and Caribbean operations," said Kathleen T. Geier, senior vice president of human resources for Goodyear. "Goodyear is all about innovation. Whether it's the products and services we provide to our dealers, and ultimately to consumers, or it's the systems and processes we employ in our day to day business operations, Goodyear strives to be at the leading edge. I believe that our agreement with ACS is further evidence of this innovative thinking that sets Goodyear apart from our competition," she said.
"This contract underscores ACS as a preeminent player in the global HRO arena," said Ann Vezina, Group President of ACS Commercial Solutions. "We have built a seamless global delivery model in HRO, and maintain a steadfast commitment to providing critical and accurate information available in real- time to business and HR leaders. We are focused on providing training and tools that support our employees so they can deliver the best and latest in technology and customized systems that enable our clients to provide superior HR services for their workforce."
ACS offers a full range of integrated, end-to-end HRO services, and is renowned for its pioneering initiatives that have opened a complete spectrum of customized HRO solutions to large-scale clients around the world. ACS provides human resources outsourcing services for more than three million people around the globe, delivering services from more than 135 global locations in more than 60 countries and supporting 20 languages. ACS' comprehensive suite of HRO capabilities includes total benefits outsourcing -- complete employee services and benefits administration -- as well as strategy and consulting to engineer and improve HR operations and services.
Goodyear is the world's largest tire company. The company manufactures tires, engineered rubber products and chemicals in more than 90 facilities in 28 countries around the world. Goodyear employs close to 80,000 people worldwide. For more information on Goodyear, please visit http://www.goodyear.com/ .
ACS, a global FORTUNE 500 company with more than 55,000 people supporting client operations reaching nearly 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The Company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS". ACS makes technology work. Visit ACS on the Internet at http://www.acs-inc.com/ .
The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.ACS, Inc.
CONTACT: investor relations, Warren Edwards, Executive Vice President-
Chief Financial Officer, +1-214-841-8082, or email@example.com , or
media, Lesley Pool, Senior Vice President-Chief Marketing Officer,
+1-214-841-8028, or firstname.lastname@example.org , both of Affiliated Computer
Web site: http://www.acs-inc.com/
WASHINGTON, July 26 /PRNewswire-FirstCall/ -- Microsoft Corp. today announced that it has agreed to acquire the health intelligence software Azyxxi(TM) and to forge a strategic alliance with MedStar Health.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO )
Designed by doctors for doctors in one of the country's busiest hospitals, Azyxxi (rhymes with "Trixie") was created by Craig Feied, M.D., Mark Smith, M.D., and Fidrik Iskandar using Microsoft(R) development tools. It brings together all types of patient data from hundreds of sources and makes them instantly available at the point of care.
Azyxxi was first deployed in 1996 in the emergency department of one of MedStar Health's hospitals, Washington Hospital Center, in Washington, D.C. In addition to serving as a repository for all of a patient's routine clinical information, Azyxxi provides caregivers with instant access to a comprehensive view of each patient that includes EKGs, scanned documents, X-rays, CT scans, MRI scans, PET scans and even dynamic angiograms and ultrasound images. The acquisition of Azyxxi deepens Microsoft's commitment to the healthcare industry while making a proven solution more widely available to its customers. Financial terms were not disclosed as part of the agreement between the organizations.
Under the terms of the acquisition, the Azyxxi creators will continue to support the development and expansion of the Azyxxi solution. Drs. Feied and Iskandar, along with approximately 40 employees from the development team at Washington Hospital Center, will join Microsoft and continue to work on research and future enhancements to the product. Dr. Smith will remain as chairman of the emergency medicine department at Washington Hospital Center and will also serve as chief clinical liaison to Microsoft.
A newly formed division at Microsoft led by Peter Neupert, corporate vice president of the health solutions group, will incorporate the new employees and manage product development and delivery. Neupert rejoined Microsoft in September 2005 to coordinate its global health strategy. He reports to Craig Mundie, the company's chief research and strategy officer.
"Healthcare delivery is one of the top global challenges for governments, employers, caregivers and consumers. Microsoft believes that information technology can positively impact the situation by removing barriers and empowering physicians with instant access to critical patient data," Neupert said. "Azyxxi has demonstrated strong and clear benefits to physicians and other clinicians. We're excited to work with the original architects, MedStar Health and Washington Hospital Center, to increase R&D investment in Azyxxi and deliver a technology environment that will help advance the quality of healthcare for patients."
"Successful innovation requires collaboration, and we are honored to work with Microsoft to advance our shared vision for using information technology to improve patient care," said Kenneth A. Samet, president and chief operating officer of MedStar Health. "The Azyxxi technology is an amazing tool that enables clinicians to treat their patients more quickly, efficiently and accurately with the click of a mouse. Putting patients first is what we're all about, and Azyxxi helps us do that every day."
"Instant access to patient information is key to lifesaving care, especially in the emergency room and intensive-care unit, where delays may mean the difference between life and death," Dr. Smith said. "Azyxxi was developed in the crucible of a real-time, high-acuity hospital environment, not in an offsite office or research laboratory."
"The reality is that most hospitals have islands of data that can't easily be shared with other systems because of disparate data types," Dr. Feied added. "We developed Azyxxi to address this challenge. Now, as part of Microsoft, we'll be able to make an even greater contribution to healthcare systems, hopefully worldwide."
Microsoft and MedStar Health have also agreed on a strategic alliance designed to deliver collaborative innovation to customers as the technology becomes commercially available. Building on more than 10 years of experience, Washington Hospital Center will serve as the development laboratory and continue to develop prototypes and deploy new features that support and enhance the Azyxxi technology.
Azyxxi was designed and developed to capture, integrate and display data from wherever it was created. The system can answer clinician-specific questions with great speed; it uses existing data in new ways to enable situational awareness and facilitate the recognition of patterns in the data.
The Azyxxi system excels in environments with fragmented systems that traditionally don't share data. It manages more than 40 terabytes of live data while offering sub-second response times, and delivers data through a dynamic interface that can be defined by the user and accommodate almost any query. In use at Washington Hospital Center, Azyxxi has increased hospital efficiency, enhanced operational capacity for emergency room cases, improved patient safety, and reduced time for rounds reporting. Azyxxi was so successful that it was exported and deployed throughout MedStar Health's other hospitals.
Built on the Microsoft .NET Framework and with Microsoft SQL Server(TM) database software, Azyxxi is able to scale across a range of devices including Tablet and Pocket PCs, and handle a large volume of work stations and terabytes of data to address the needs of any size of institution. Azyxxi's intuitive, user-friendly interface also supports easy installation by requiring minimal training, and has proved itself to be extremely stable in mission-critical hospital environments, with almost zero downtime.
Azyxxi is being acquired by Microsoft from two technology companies, Datomics Licensing and General Datomics, founded by Azyxxi's creators. MedStar Health was a co-owner of General Datomics.
Washington Hospital Center is the largest hospital in the nation's capital with more than 400,000 patient visits per year. Its parent company, MedStar Health, is the largest healthcare provider in the Washington and Baltimore region.
About Microsoft Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
NOTE: Microsoft is a registered trademark of Microsoft Corp. in the United States and/or other countries.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO
CONTACT: press only, Shaina Taylor, +1-425-638-7000, or
email@example.com, or Rapid Response Team, +1-503-443-7070, or
firstname.lastname@example.org, both of Waggener Edstrom Worldwide for Microsoft
Web site: http://www.microsoft.com/
PARIS, July 26 /PRNewswire/ --
- Croissance du chiffre d'affaires : +17%
- Signature de contrats << operateurs >> pour EUR40 millions
- Accord tarifaire pour la terminaison d'appel de 2006 a 2008
Principales données financières:
- +17,1% : croissance du chiffre d'affaires total en T2'06 vs T2'05.
- Marge brute et REAA1 en T2'06 conforme au plan.
- Expansion du réseau conforme au calendrier prévu et aux estimations de coÃ»ts. Achévement prévu pour la fin de T3'06.
T2'05 T1'06 T2'06 Evolution Evolution En millions d'euros T2'06/T2'05 T2'06/T1'06 Chiffre d'affaires 37,6 42,4 42,8 +13,8% +0,9% entreprises Chiffre d'affaires 9,2 12,1 12,0 +30,4% 0,0% opérateurs Chiffre d'affaires 46,8 54,5 54,8 +17,1% +0,1% total Marge brute 1 20,3 20,8 20,8 +2,5% 0,0% REAA 1 8,1 4,3 3,3 (59,3%) (23,3%) Trésorerie (en fin de 44,9 118,0 77,4 NS NS période)
PARIS, July 26 /PRNewswire/ --
- +21,6% : croissance du nombre d'immeubles raccordés en fibre au réseau en T2'06 vs T2'05.
- +92,7% : croissance du nombre d'immeubles raccordés en DSL au réseau en T2'06 vs T2'05.
- +15,9% : croissance du nombre de clients raccordés en fibre au réseau en T2'06 vs T2'05.
T2'05 T3'05 T4'05 T1'06 T2'06 INDICATEURS Nombre total de bâtiments 3 151 3 281 3 476 3 685 3 833 raccordés en fibre Nombre total de bâtiments 2 587 3 075 3 741 4 485 4 984 raccordés en DSL Nombre total de clients 2 185 2 268 2 379 2 462 2 532 raccordés Chiffre d'affaires moyen par 5 800 5 800 5 700 5 800 5 700 client entreprise raccordé (euros/mois) 1
- Droits d'usage irrévocable (IRU) d'une durée de 15 ans vendus à trois opérateurs, pour plus de EUR40 millions.
- Tarifs de terminaison d'appel sur la période 2006-2008 supérieurs aux estimations de Completel.
1 Voir notes détaillées en page 9
Completel Europe NV, opérateur de télécommunications, a annoncé aujourd'hui ses résultats pour le trimestre clos le 30 juin 2006.
Jérôme de Vitry, President et CEO de Completel Europe N.V., a déclaré: << L'achèvement du réseau DSL couvrant plus de 110 villes est prévu pour la fin de l'été 2006, dans les délais et les coÃ»ts estimés il y a un an pour 80 villes. A ce jour, nous disposons d'environ 450 répartiteurs en service.
Le deuxième trimestre 2006 a également enregistré la réalisation de ventes importantes à de grands clients grâce à notre réseau étendu. Nous avons acquis de nouveaux clients, comme les Caisses d'Epargne et la Générale de Santé, pour lesquels notre réseau étendu a constitué un critère décisif dans leur décision de sélectionner Completel pour leur réseau national d'échange de données.
Nous avons ouvert des antennes commerciales dans six nouvelles régions. Nos forces de vente sont désormais positionnées pour, dès septembre, augmenter le volume de commandes sur notre marché élargi à partir de notre offre de services DSL récemment développée.
En T2'06, nous avons également accru notre pénétration du segment de marché des << opérateurs >>, avec la signature de contrats bande passante (IRU) sur notre réseau étendu avec trois opérateurs. Ces contrats représentent un chiffre d'affaires données supérieur à EUR40 millions, réparti au cours des 15 prochaines années, à partir de T4'06. Plus de EUR15 millions seront encaissés avant la fin 2006, et, pour leur plus grande part, financeront l'extension de capacité de bande passante de notre réseau en prévision de contrats potentiels analogues. Après l'important contrat signé avec Darty en février dernier, ces contrats renforcent notre confiance dans notre capacité à accroître notre part de marché sur le segment << opérateurs >>.>>
Alexandre Westphalen, Directeur Financier, a ajouté: "Les ventes de capacité signées en T2'06 nous ouvrent la possibilité contractuelle de rembourser notre dette obligataire à des conditions favorables, à partir de T3'07, pour un montant maximal de EUR20 millions. Cela nous permettra une plus grande flexibilité pour optimiser notre structure financière et réduire notre charge d'intérÃªt.
La décision de l'ARCEP sur les tarifs de terminaison d'appel, rendue publique le 1er juillet 2006, a permis la résolution de notre différend avec France Telecom portant sur les tarifs 2006. Notre accord avec France Telecom fixe les tarifs de terminaison d'appel pour les années 2006 à 2008 à un niveau légèrement supérieur à nos estimations initiales et met fin à l'incertitude réglementaire qui affectait la reconnaissance de chiffre d'affaires de terminaison d'appel pour le passé comme pour le futur. Ce premier accord pour les tarifs 2006-2008 ne met pas fin à notre différend portant sur les tarifs pour l'année 2005. Cependant, compte tenu des termes de la décision de l'ARCEP, nous anticipons de régler dans les prochains mois le différend tarifaire 2005, dans la fourchette d'estimation déjà communiquée.>>
Résumé des informations financières
Détail du chiffre T2'05 T1'06 T2'06 Evolution Evolution d'affaires T2'06/T2'05 T2'06/T1'06 en millions d'euros Entreprises : Voix 26,1 28,3 27,6 +5,7% (2,5%) Entreprises : Internet, 11,5 14,1 15,2 +32,2% +7,8% Données, Hébergement Total Entreprises 37,6 42,4 42,8 +13,8% +0,9% Opérateurs 9,2 12,1 12,0 +30,4% 0,0% Total 46,8 54,5 54,8 +17,1% +0,1%
INDICATEURS T2'05 T3'05 T4'05 T1'06 T2'06 Nombre total de bâtiments 3 151 3 281 3 476 3 685 3 833 raccordés en fibre Nombre total de bâtiments 2 587 3 075 3 741 4 485 4 984 raccordés en DSL Nombre total de clients 2 185 2 268 2 379 2 462 2 532 raccordés en fibre Nombre total de clients 2 049 2 120 2 221 2 300 2 357 entreprises raccordés en fibre Chiffre d'affaires moyen par 5 800 5 800 5 700 5 800 5 700 client entreprise raccordé en fibre (euros/mois)1
Completel publie un chiffre d'affaires de EUR54,8 millions en T2'06 contre EUR46,8 millions en T2'05 et EUR54,5 millions en T1'06, soit une croissance de 17,1% et de 0,1%, respectivement. Le chiffre d'affaires sur le marché des entreprises a atteint EUR42,8 millions en T2'06 contre EUR37,6 millions en T2'05 et EUR42,4 millions en T1'06, soit une croissance de 13,8% et de 0,9%, respectivement. La croissance annuelle à deux chiffres du chiffre d'affaires total et du chiffre d'affaires réalisé sur le marché des entreprises s'explique par la progression des segments opérateurs et services de données entreprises. La stagnation du chiffre d'affaires total et du chiffre d'affaires entreprises en T2'06 par rapport au T1'06 est due au nombre de jours ouvrés réduit en T2'06 qui a impacté négativement le chiffre d'affaires voix entreprises et opérateurs en T2'06.
Le chiffre d'affaires lié aux services de données réalisé sur le marché des entreprises a atteint EUR15,2 millions en T2'06 contre EUR11,5 millions en T2'05 et EUR14,1 millions en T1'06, soit une croissance de 32,2% et de 7,8%, respectivement. La part du chiffre d'affaires entreprises réalisée sur le segment données s'est renforcée. La croissance du chiffre d'affaires sur le marché des entreprises résulte de cette forte progression du chiffre d'affaires données issue des offres de solutions réseaux pour les clients entreprises, telles que les offres LAN-to-LAN et VPN sur réseau Ethernet et IP. Cette croissance est due à la signature de nouveaux clients, ainsi qu'à la vente de produits et de services de données supplémentaires aux clients existants. En T2'06, les services de données ont représenté 35,5% du chiffre d'affaires entreprises contre 30,6% en T2'05 et 33,2% en T1'06.
1 Voir notes détaillées en page 9
Le chiffre d'affaires voix réalisé sur le marché des entreprises s'est élevé à EUR27,6 millions en T2'06 contre EUR26,1 millions en T2'05 et EUR28,3 millions en T1'06, soit une progression de 5,7% et une contraction de 2,5%, respectivement.
La croissance annuelle du chiffre d'affaires voix, limitée à 5,7%, reflète la pression sur les prix obervée au cours des années précédentes, en dépit d'une croissance de 15% du nombre de clients entreprises raccordés au réseau au cours de la mÃªme période. La baisse enregistrée en T2'06 par rapport au T1'06 était prévue et s'explique par une baisse de 7.6% du nombre de jours ouvrés en T2'06 (60 jours ouvrés en T2'06 contre 65 jours ouvrés en T1'06 en raison de nombreux jours fériés) qui ont impacté négativement le chiffre d'affaires voix réalisé sur la base installée. Le chiffre d'affaires issu des nouveaux clients et des contrats additionnels de clients existants a permis de compenser partiellement cette baisse de 7,6% du nombre de jours ouvrés, en limitant la contraction du chiffre d'affaires voix à 2,5%. Le nombre de jours ouvrés n'affecte pas le chiffre d'affaires données (entreprises et opérateurs) issu d'abonnements mensuels.
La croissance du chiffre d'affaires enregistré sur le marché des entreprises a été également soutenue par de solides progrès opérationnels réalisés sur le nombre d'entreprises clientes raccordées. La base de la clientèle d'entreprises de Completel a progressé de 15,9% pour s'établir à 2 532 clients à la fin juin 2006 contre 2 185 clients un an auparavant.
Le nombre de bâtiments raccordés en fibre optique et en DSL a respectivement atteint 3 833 et 4 984 au 30 juin 2006 contre 3 151 et 2 587 au 30 juin 2005, soit une croissance de 21,6% et 92,7%. La proportion de sites secondaires raccordés en DSL par rapport aux sites principaux raccordés en fibre est en augmentation, démontrant la capacité de Completel à commercialiser son offre DSL pour les sites secondaires de ses clients existants raccordés en fibre, et de développer une nouvelle clientèle aux besoins de couverture nationale.
Le chiffre d'affaires sur le marché des opérateurs s'est élevé à EUR12,0 millions d'euros en T2'06 contre EUR9,2 millions d'euros en T2'05 et EUR12,1 millions en T1'06, soit une progression de 30,4% et une stabilisation, respectivement. Completel anticipe que son chiffre d'affaires sur le marché des opérateurs va reprendre sa croissance dans les trimestres à venir, grâce à l'augmentation de sa capacité de terminaison d'appels dans les villes récemment couvertes.
En T2'06, la marge brute s'est établie à EUR20,5 millions contre EUR20,3 millions en T2'05 et EUR20,8 millions en T1'06. La marge brute a ainsi représenté 38.0% du chiffre d'affaires en T2'06 contre 43,4% et 38,1% en T2'05 et en T1'06, respectivement.
La marge brute s'est stabilisée à près de EUR20 millions en T2'06 et, en % du chiffre d'affaires, s'est contractée en T2'06 par rapport au T2'05 et s'est stabilisée en T2'06 par rapport au T1'06. La baisse enregistrée sur un an s'explique principalement par la croissance des coÃ»ts de réseau de la Société liée à l'extension du réseau précédant les futures ventes. En T2'06, les coÃ»ts de réseau se sont élevés à EUR34,0 millions contre EUR26,5 millions en T2'05 et EUR33,7 millions en T1'06, soit une part respective du chiffre d'affaires de 62,0% en T2'06 contre 56,6% et 61,8% en T2'05 et T1'06.
L'évolution des coÃ»ts de réseau, en valeur absolue comme en % du chiffre d'affaires, provient de plusieurs facteurs :
- des coÃ»ts fixes de location et de maintenance d'un plus grand nombre de sites réseau, des coÃ»ts de maintenance pour un nombre supérieur de kilomètres de réseau et d'équipements de transmission, et des capacités d'interconnexion louées à l'opérateur historique dans un nombre de sites plus élevé. L'augmentation de ces coÃ»ts fixes, amorcée en T3'05 avec la mise en oeuvre du plan d'expansion, se poursuivra jusqu'à l'achèvement de l'extension du réseau de la Société, prévue en T3'06. Ces coÃ»ts, principalement liés à la taille et à l'organisation des réseaux, reviendront à des niveaux historiques, exprimés en % du chiffre d'affaires, après achèvement de cette extension.
- la progression des coÃ»ts salariaux des équipes réseaux. La Société renforce progressivement ses équipes pour déployer et maintenir son réseau étendu. Elle continuera durant les prochains trimestres à renforcer ses équipes réseaux, en fonction de l'extension de son réseau.
La Société prévoit que sa marge brute, en valeur absolue, s'établira autour de EUR20 millions en T3'06, avant de renouer avec la croissance, en valeur absolue et % du chiffre d'affaires, en T4'06 lorsque les ventes incrémentales sur son marché potentiel élargi et actuel commenceront à couvrir les coÃ»ts fixes de son réseau étendu.
CoÃ»ts généraux, administratifs et commerciaux
En T2'06, les coÃ»ts généraux, administratifs et commerciaux se sont établis à EUR17,5 millions contre EUR12,3 millions en T2'05 et EUR16,5 millions en T1'06. Les coÃ»ts généraux, administratifs et commerciaux ont représenté 31,9% du chiffre d'affaires en T2'06 contre 26,3% en T2'05 et 30,3% en T1'06. Cette augmentation résulte principalement du renforcement des équipes commerciales et des fonctions de support afin de proposer les services de la Société sur son marché potentiel élargi. Completel employait 670 collaborateurs au 30 juin 2006 contre 645 au 31 mars 2006 et 498 au 30 juin 2005.
La Société estime que ses coÃ»ts généraux, administratifs et commerciaux trimestriels, principalement composés des coÃ»ts salariaux, ont désormais atteint le niveau requis par son périmètre opérationnel élargi. La Société prévoit que ses coÃ»ts généraux, administratifs et commerciaux devrait dans le futur prévisible se maintenir autour de EUR17 à 18 millions par trimestre, avec une faible corrélation au rythme de croissance du chiffre d'affaires. La part des coÃ»ts généraux, administratifs et commerciaux, exprimé en % du chiffre d'affaires, devrait diminuer à partir de T4'06, renouant avec la tendance enregistrée avant le lancement du plan d'expansion, oÃ¹ leur niveau s'est, pendant deux exercices consécutifs, stabilisé à EUR12-13 millions par trimestre tandis que le chiffre d'affaires doublait.
Le Résultat d'Exploitation Avant Amortissements et éléments exceptionnels (REAA) s'est élevé à EUR3,3 millions en T2'06 contre EUR8,1 millions en T2'05 et EUR4,3 millions en T1'06, soit 6,0%, 17,3% et 7,9% du chiffre d'affaires, respectivement.
Cette baisse anticipée du REAA, en valeur absolue comme en % du chiffre d'affaires, traduit la contraction de la marge brute et la hausse des coÃ»ts généraux, administratifs et commerciaux. Ces deux évolutions sont directement liées à la mise en oeuvre du plan d'expansion.
La Société confirme que son REAA se stabilisera en T3'06 avant de renouer avec la croissance à partir du T4'06, les ventes incrémentales sur le marché potentiel élargi couvrant alors progressivement les coÃ»ts fixes de réseau et les coÃ»ts généraux, administratifs et commerciaux liés à l'extension de son réseau.
Les pertes opérationnelles se sont établies à EUR7,7 millions en T2'06 contre EUR0,7 million en T2'05 et EUR5,0 millions en T1'06. Leur évolution entre T2'06 et T2'05 résulte de la mise en oeuvre du plan d'expansion (augmentation des coÃ»ts de réseau et des coÃ»ts généraux, administratifs et commerciaux comme précédemment décrit).
En T2'06, les pertes opérationnelles de EUR7,7 millions incluent EUR10,2 millions de dotations aux amortissements et une charge de rémunération non monétaire de EUR0,8 million liée aux stock-options et à l'attribution d'actions gratuites conditionnelles. En T2'05, les pertes opérationnelles de EUR0,6 million incluaient EUR8,4 millions de dotations aux amortissements et une charge de rémunération non monétaire de EUR0,1 million liée aux stock-options.
La perte nette s'est élevée à EUR9,3 millions en T2'06 contre EUR0,5 million en T2'05 et EUR6,6 millions en T1'06.
En T2'06, le résultat net a été positivement impacté par les produits financiers générés par la trésorerie disponible de la Société et négativement impacté par les charges financières liées à l'emprunt obligataire 2012.
Les dépenses d'investissements se sont établies à EUR34,1 millions en T2'06 contre EUR6,5 millions en T2'05 et EUR38,0 millions en T1'06. En T2'06, la Société a consacré EUR6,4 millions au raccordement de nouveaux clients et EUR27,7 millions à l'extension de son réseau qui a débuté fin juillet 2005. L'essentiel de ces EUR27,7 millions a été consacré au déploiement du réseau de transport national et à la mise en service de répartiteurs. Ce montant inclut également des dépenses mineures liées aux systèmes d'information.
La Société estime que ses investissements vont demeurer à un niveau comparable en T3'06, avec l'achèvement du réseau étendu. Le montant d'investissements de Completel restera à un niveau élevé en T4'06 en raison de la mise en service du contrat DARTY et des droits d'usage irrévocable (IRU) cédés à trois opérateurs en T2'06.
Au 30 juin 2006, Completel disposait d'une trésorerie de EUR77,4 millions contre EUR118,0 millions au 31 mars 2006. La Société estime que sa trésorerie va diminuer durant les prochains trimestres, en raison des investissements mentionnés plus haut.
Besoin en fonds de roulement
En T2'06, la variation du besoin de fonds de roulement a impacté négativement le solde de trésorerie disponible de la Société pour EUR10,5 millions après avoir eu une incidence positive de EUR8,7 millions en T1'06. Cette variation négative s'explique à la fois par une diminution des dettes à court terme << fournisseurs d'immobilisations >> et une augmentation des créances clients. Cette baisse des dettes à court terme résulte du proche achèvement du plan d'expansion. La hausse des créances clients est principalement imputable au gonflement des créances de France Telecom en T2'06, antérieur au règlement de différend sur le tarif de terminaison d'appel intervenu en juillet 2006. Consécutivement à ce règlement de différend, la Société anticipe que ses créances envers France Telecom retrouveront un niveau habituel dans les prochains mois.
Droits d'usage irrévocable (IRU) d'une durée de 15 ans signés avec trois opérateurs, pour plus de EUR40 millions.
En T2'06, Completel a cédé des capacités de bande passante sur son réseau national en fibre optique et son réseau DSL à trois opérateurs différents pour un montant total de plus de EUR40 millions. La reconnaissance des revenus sera étalée sur une durée de 15 ans, à partir de T4'06.
Plus de EUR15 millions seront encaissés en T3'06 et T4'06. L'essentiel de ces fonds sera réinvesti au cours de la mÃªme période en matériel de transmission permettant d'accroître la bande passante du réseau DSL, jusqu'à 10 Gbts, au delà des besoins de ces contrats. Cette capacité supplémentaire sera disponible pour des contrats futurs de ce type et viendra en complément de l'extension de réseau actuellement en cours.
Après un premier contrat long terme signé en juillet 2005 avec Afone, et un deuxième signé avec Darty en février 2006, ces trois nouveaux accords confirme la capacité du réseau de Completel à servir les opérateurs sur l'ensemble du territoire.
Tarifs de terminaison d'appel avec France Telecom définis
Le 1er juin 2006, l'ARCEP a publié sa décision sur la demande de règlement de différend entre France Telecom et Neuf Cegetel, fixant les tarifs de terminaison d'appel pour Neuf Cegetel du 1er janvier 2006 au 30 septembre 2008. Cette décision détermine un tarif d'environ EUR1,11 cents par minute en 2006 et de EUR1,08 cents par minute en 2007 et 2008.
La décision de l'ARCEP du 1er juin 2006 ne s'applique pas directement à la Société, qui n'était pas partie prenante à la demande de règlement de différend déposée auprès de L'ARCEP. En juillet 2006, Completel et France Telecom ont cependant mis fin à leur désaccord sur la base de la décision de l'ARCEP, aux mÃªmes conditions tarifaires pour la période du 1er janvier 2006 au 30 septembre 2008. Completel comptabilise ainsi son chiffre d'affaires pour la terminaison d'appel à EUR1,11 cents par minute, valeur légèrement supérieure à son estimation précédente.
La Société estime que cette décision conduira également, plus tard en 2006, au règlement de son litige avec France Telecom sur les tarifs de terminaison d'appel pour 2005, dans la fourchette d'estimation déjà communiquée.
Enfin, Completel prévoit que cette décision de l'ARCEP conduira à la fixation définitive de tarifs de terminaison d'appel applicables à l'ensemble des opérateurs, y compris Completel, et mettra ainsi fin à l'incertitude tarifaire sur la terminaison d'appel qui a pénalisé le secteur et l'activité de la Société au cours de nombreuses années.
Considérant les résultats de la Société au deuxième trimestre 2006, la Direction reconfirme les objectifs de chiffre d'affaires et de REAA précédemment communiqués pour l'exercice 2006. Le montant d'investissements pour l'exercice 2006 est révisé en hausse dans une fourchette de EUR115 à 125 millions contre EUR105 à 115 millions précédemment. Ce relèvement des investissements est lié aux ventes de capacité, d'un montant total de EUR40 millions, conclues avec trois opérateurs en T2'06, dont la mise en service est prévue au T4'06. Ces investissements complémentaires nécessités par ces réussites commerciales seront entièrement financés par les premiers encaissements réalisés sur ces contrats.
La Société prévoit l'achèvement de l'extension de son réseau à la fin de l'été 2006. Les équipes commerciales commencent à prospecter les marchés potentiels et les nouvelles agglomérations desservies dès qu'elles deviennent accessibles par ses réseaux. La Société prévoit l'accélération de la croissance de son chiffre d'affaires au cours du quatrième trimestre 2006, après la saisonnalité estivale habituelle constatée au troisième trimestre.
En millions d'euros Objectifs 2006 Chiffre d'affaires 170 - 180 entreprises Chiffre d'affaires 55 - 60 opérateurs Chiffre d'affaires 225 - 240 total REAA 17 - 20 Investissements 115 - 125
Ces objectifs sont fondés sur les anticipations et hypothèses actuelles de la direction de la Société et impliquent des risques et incertitudes connus ou inconnus, tels que les tarifs de terminaison d'appel, qui pourraient entraîner des résultats, performances et réalisations significativement différents de ce qui est prévu.
Ces résultats seront commentés lors de la conférence téléphonique trimestrielle de la société qui aura lieu jeudi 27 juillet 2006 à 16 heures (heure de Paris). Toutes les informations sont disponibles sur www.completel.fr.
Marge brute : définie comme le chiffre d'affaires moins les coÃ»ts réseaux.
Résultat d'Exploitation Avant Amortissements et éléments exceptionnels (anciennement EBITDA ajusté) - REAA exclut (en plus des intérÃªts, taxes, dépréciations et amortissements) les provisions liées aux plans de rémunérations en actions ne donnant pas lieu à des mouvements de trésorerie, les pertes de change, les charges de restructuration, les dépréciations d'actifs et autres charges non récurrentes. La notion de REAA n'est pas un principe comptable généralement accepté et ne doit pas Ãªtre considéré comme un substitut au résultat net, aux flux de trésorerie provenant de l'exploitation ou encore à une mesure de liquidité. Par ailleurs, la société n'a pas connaissance de principe comptable standard définissant le REAA. Le REAA peut Ãªtre calculé de façon différente par des sociétés différentes ayant une activité similaire ou différente. Ainsi, le Résultat d'Exploitation Avant Amortissements et éléments exceptionnels reporté par la Société peut ne pas Ãªtre comparable au Résultat d'Exploitation Avant Amortissements utilisé par d'autres sociétés.
ARCEP: Autorité de Régulation des Communications Electroniques et des Postes.
ARPU : chiffre d'affaires moyen par client entreprise raccordé directement en fibre optique.
Réconciliation du Résultat d'Exploitation Avant Amortissements et éléments exceptionnels (REAA) au Résultat Net :
En millions d'Euros T2'05 T1'06 T2'06 REAA 8,1 4,3 3,3 Charges de rémunération non 0,1 0,2 0,8 monétaires Amortissements liés au 7,5 8,3 9,2 réseau Amortissements liés aux 1,0 1,0 1,0 frais généraux et administratifs Autres charges / (produits) 0,2 (0,1) - Résultat opérationnel / (0,7)(5,0) (7,7) (perte)
Résultat financier / 0,2 (1,6) (1,7) (perte) Impôt sur les sociétés - - Résultat net / (perte) (0,5)(6,6) (9,3)
La direction de Completel considère que le REAA est plus une mesure opérationnelle qu'une mesure de liquidité de sa performance financière. En conséquence, la direction de Completel réconcilie le REAA avec son résultat net.
Les prévisions de chiffre d'affaires, marge brute et trésorerie ainsi que d'autres informations figurant dans ce communiqué de presse ne se fondent que sur les anticipations et hypothèses actuelles de la direction de Completel, qui ne prend aucun engagement de mettre à jour ou réviser publiquement ces déclarations, que ce soit à la lumière d'informations nouvelles, d'événements futurs ou de toute autre raison. Ces déclarations de nature prospective sont sujettes à des aléas connus et inconnus, ainsi qu'à des incertitudes et autres facteurs, en raison desquels les résultats, performances et réalisations effectifs futurs de Completel peuvent s'avérer sensiblement différents de ce qui est prévu ou suggéré dans le présent communiqué de presse. Ces facteurs comprennent entre autres : (a) une baisse de la demande pour les produits de télécommunications de Completel ; (b) des pressions sur les prix venant des concurrents directs de Completel ou des prestataires de services pouvant remplacer les services commercialisés par Completel ; (c) des interruptions ou perturbations affectant les réseaux de Completel ; (d) l'incapacité de Completel de développer ou maintenir un support opérationnel efficace ; (e) des développements en matières législatives, réglementaire ou de régulation, défavorables à Completel, (f) les changements technologiques pouvant affecter le marché de Completel ou son offre de services. Pour une analyse détaillée des risques affectant la Société, se reporter au rapport annuel de la Société pour l'année 2005 disponible sur www.completel.com, ou pouvant Ãªtre gratuitement obtenu auprès de la Société.
Completel Europe N.V.
Completel est un important opérateur de réseaux dédié aux grandes et moyennes entreprises en France. L'action ordinaire Completel est cotée sur le compartiment des valeurs étrangères du marché Eurolist d'Euronext Paris sous le mnémonique CPT et est éligible au SRD. Completel fait partie des indices Euronext suivants : CAC Small 90, CAC Mid & Small 190, SBF 250, IT CAC et du segment Next Economy.
Code ISIN Bloomberg Ticker Reuters RIC Action NL0000262822 CPT FP Equity CPT.PA Ordinaire
Contact Investisseurs : Catherine Blanchet, Directeur des Relations Investisseurs Sophie Robin, Tél.: +33-01-72-92-20-32 e-mail : email@example.com Contact Presse : Directrice de la Communication Tel. : +33-01-72-92-20-43 e-mail : firstname.lastname@example.org
Prochains évènements :
Conférence call des résultats de T2'06 : 27 juillet 2006 à 16 heures (heure locale) 'Midcap Events' de Paris : 28 et 29 septembre 2006 Publication des résultats de T3'06 9 novembre 2006Completel Europe NV
Contact Investisseurs : Catherine Blanchet, Directeur des Relations, Investisseurs Sophie Robin, Tél.: +33-01-72-92-20-32, e-mail : email@example.com; Contact Presse : Directrice de la Communication, Tel. : +33-01-72-92-20-43, e-mail : firstname.lastname@example.org
SAN JOSE, Calif., July 26 /PRNewswire-FirstCall/ -- Bell Microproducts, Inc. today announced its financial results for the second quarter ended June 30, 2006.
Revenues were $777 million in the second quarter. This represented a 1% decrease from last year's record second quarter revenue of $788 million. Net earnings, excluding the impact of non-cash stock based compensation expense, for the quarter ended June 30, 2006 were $2.3 million, or $0.07 per share on 30.6 million diluted shares. GAAP net earnings were $1.7 million, or $0.05 per share on 30.6 million diluted shares. This compares to last year's second quarter GAAP net earnings of $3.2 million, or $0.11 per share on 29.7 million diluted shares.
Revenues of $1.64 billion were a record for the first six months of 2006, increasing 3% compared to $1.59 billion in the first six months of 2005. Net earnings for the first six months, excluding the impact of non-cash stock based compensation expense, were $5.2 million, or $0.16 per share on 31.6 million diluted shares. GAAP net earnings were $4.1 million, or $0.13 per share on 31.6 million diluted shares.
Commenting on the second quarter 2006 financial results, W. Donald Bell, President and Chief Executive Officer of Bell Microproducts said, "In the second quarter we experienced two different market conditions for our products. The Enterprise and Industrial/OEM markets, where we have relatively higher margins, experienced improving sales and profits as compared to last year and Q1. Conversely, demand in the System Builder marketplace, comprised primarily of disk drives and microprocessors, was weaker due to seasonal and industry-specific issues. The strength we experienced in the quarter in our Enterprise and Industrial sectors, and the resulting mix towards higher margin products, drove an increase in gross profit margins of 70 basis points to 7.9% compared to the second quarter of 2005, the highest level since 2004."
During the second quarter, the company's European operations continued to improve and were a contributor to the year-over-year improvement in gross margin and operating margin. The operating margin in the company's European business was 37 basis points in the second quarter compared with being slightly below break even in the second quarter of 2005. The European operation is benefiting from increased focus on higher margin markets and cost control.
The company's North American operations again generated solid profitability during the second quarter of 2006 despite the softness in the System Builder market, and the company posted strong profit performance in Latin America in a seasonally soft quarter.
-- Revenue in the second quarter of 2006 was split among the company's geographies as follows: North America 40%, Europe 45%, and Latin America 15%.
-- North American revenue declined 8% compared to the second quarter of 2005. The Enterprise and Industrial/OEM markets had strong growth year-to- year, while there were seasonal and other market specific factors resulting in softness in the System Builder market. The operating margin in North America was 2.49%.
-- Latin American revenue increased 16% compared to the second quarter of 2005. The Latin America business had a solid quarter, generating strong growth from last year and record profitability. This unit experienced growth across the region compared with last year, with strength in the higher margin, in- country operations. The Operating Margin in Latin America was 1.89%.
-- European revenue was flat compared to the second quarter of 2005. In local currency, total European revenue grew 4%. OpenPSL, the higher margin enterprise solutions unit, had another strong sales quarter increasing 20% in dollars and 22% in local currency. As indicated, the operating margin in Europe was 37 basis points.
Solutions and Components and Peripherals Highlights
-- For the second quarter of 2006, Solutions represented 53% of the company's product mix and Components and Peripherals accounted for 47% of the mix.
-- Revenue in the Solutions category of the company's business increased 1% compared to the second quarter of 2005. During the latter part of 2005 and early 2006, the company exited sales of certain PC products in Europe, resulting in a decline in computer platform sales. Sales of storage systems and Bell Micro services grew in the quarter year-over-year.
-- Components and Peripherals sales declined 4% as compared to the second quarter of 2005, with an increase in peripherals and a decrease in microprocessors and disk drives. Disk drives were 28% of total sales in the quarter.
Gross profit margins in the second quarter increased to 7.9% compared to 7.2% in the second quarter of 2005 and 7.3% in the first quarter of 2006. The year-over-year and sequential improvement in gross margin percentage was primarily due to strong performance in the higher margin Enterprise and Industrial/OEM sectors and the three dedicated Enterprise units -- Rorke Data, TotalTec and OpenPSL.
Operating expenses decreased by 3% compared with the first quarter of 2006. As a percent of sales, operating expenses increased to 6.7% from 5.9% in the second quarter of 2005 and from 6.2% in the first quarter of 2006 as a result of lower sales volume in the quarter. The year-over-year increase in operating expenses was primarily due to the expenses associated with the acquisition and integration of MCE late in 2005 and Net Storage in the third quarter of 2005, as well as the expenses related to the growth in the Solutions business units TotalTec and Rorke Data in North America.
The total company operating margin increased sequentially by 13 basis points to 1.25% in the quarter from 1.12% in the first quarter of 2006 and compared with 1.35% in the second quarter of 2005.
Inventories were $361 million at June 30, 2006 compared to $318 million at December 31, 2005. Days in inventory (DIO) were 46 days in the second quarter of 2006, compared to 37 days at the end of 2005. Inventory levels were higher on average throughout the quarter, resulting in higher interest charges in the second quarter. Shipments by manufacturers at the end of June resulted in approximately $50 million in product receipts in July that were counted in inventory at June 30, 2006. The company expects to sell this product in the third quarter, which will result in reduced inventory levels.
Accounts receivable were $413 million at June 30, 2006 compared to $422 million at December 31, 2005. Days sales outstanding (DSO) were 48 days in the second quarter of 2006 versus 45 days at the end of 2005. DSO's increased primarily due to shipments late in the quarter and the fact that Enterprise and Industrial accounts have longer payment terms in contrast to System Builder accounts where the terms are customarily 30 days.
The company's cash conversion cycle was 52 days in the second quarter of 2006 compared to 42 days at December 31, 2005. Total debt net of cash was $293 million as of June 30, 2006 compared to $266 million on December 31, 2005.
Net interest / other expense increased to $7.3 million from $6.0 million in the first quarter of 2006 due to the higher debt level associated with the acquisition of MCE and increased working capital levels, as well as higher interest rates on the variable portion of the company's debt.
As part of the quarterly review process, the company analyzes its goodwill and is currently working to determine whether an impairment charge is necessary. This analysis has not been completed and the company is unable to quantify the amount of the charge, if any, at this time. If it is determined that goodwill is impaired, the resulting charge, while a non-cash item, may have a material impact on the company's reported results.
Management Discussion and Outlook
Mr. Bell continued, "The demand from the computer System Builder market was lower in the channel in Q2. We believe that competitive issues in the microprocessor segment of the marketplace had a temporary, but significant, negative effect on channel demand for these and related products during the quarter, as product announcements and price reductions scheduled for the third quarter were pre-announced in the second quarter. We expect improvement in the market for these product categories in the third quarter. The Enterprise and Industrial/OEM markets are also expected to remain strong in the third quarter."
"We expect seasonal strength, the benefits of operating leverage based on additional volume, and increased profitability as we move into the second half of the year. We believe we are positioned for further improvements in our results as the year progresses."
Conference Call on the Web
Bell Microproducts will host a conference call to discuss second quarter 2006 results at 11:00 Eastern time on Wednesday, July 26, 2006. A live Internet broadcast of the company's conference call will be available via the company's web site at http://www.bellmicro.com/ .
About Bell Microproducts
Bell Microproducts is an international, value-added distributor of a wide range of high-tech products, solutions and services, including storage systems, servers, software, computer components and peripherals, as well as maintenance and professional services. An industry-recognized specialist in storage products, this Fortune 1000 company is one of the world's largest storage-centric value-added distributors.
Bell Microproducts is uniquely qualified with deep technical and application expertise to service a broad range of information technology needs. From design to deployment, its products are available at any level of integration, from components to subsystem assemblies and fully-integrated, tested and certified system solutions. More information can be found in the company's SEC filings, or by visiting the Bell Microproducts Web site at http://www.bellmicro.com/.
Use of Non-GAAP Financial Measures
The company believes presentation of earnings and operating expense information excluding non-cash stock based compensation expense to be useful information regarding the operational performance of the company's business and to allow investors to more accurately compare 2006 performance to 2005 performance during which time the company was not required to recognize all of such expenses. Investors should consider these non-GAAP measures in addition to, and not as a substitute for, financial performance measures prepared in accordance with GAAP. The company has included tables, which compare the GAAP and non-GAAP financial results as part of this release.
Safe Harbor Statement
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, which reflect the company's current views of our expectations for improvement in performance for the remainder of 2006 and the effect of any potential goodwill impairment involve known and unknown risks and uncertainties which could cause actual results or facts to differ materially from such statements for a variety of reasons including, but not limited to: changing industry and economic conditions; changes in product supply, pricing, and customer demand; competition; other vagaries in the computer and electronic components markets; effects of acquisitions and restructuring initiatives; changes in relationships with key suppliers; availability of financing; foreign currency fluctuations; the goodwill analysis and the other risks described from time to time in the company's reports to the Securities and Exchange Commission (including the company's Annual Report on Form 10-K). Investors should take such risks into account when making investment decisions. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company undertakes no obligation to update publicly or revise any forward-looking statements.
BELL MICROPRODUCTS INC. Condensed Consolidated Balance Sheets (In thousands) (Unaudited) June 30, December 31, 2006 2005 ASSETS Current assets: Cash $8,643 $29,927 Accounts receivable, net 413,185 421,535 Inventories 360,848 318,174 Prepaid expenses and other current assets 30,464 29,039 Total current assets 813,140 798,675 Property and equipment, net 13,320 13,212 Goodwill and other intangibles 112,615 109,968 Other assets 10,671 11,477 Total assets $949,746 $933,332 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $332,725 $346,275 Borrowings under lines of credit 49,566 28,747 Short-term note payable and current portion of long-term notes payable 10,633 10,639 Other accrued liabilities 71,752 66,832 Total current liabilities 464,676 452,493 Borrowings under lines of credit 100,502 107,733 Long-term notes payable 140,109 147,353 Other long-term liabilities 6,774 5,372 Total liabilities 712,061 712,951 Shareholders' equity: Common Stock 181,042 178,872 Retained earnings 36,769 32,655 Other comprehensive income 19,874 8,854 Total shareholders' equity 237,685 220,381 Total liabilities and shareholders' equity $949,746 $933,332 BELL MICROPRODUCTS INC. Condensed Consolidated Statements of Operations (In thousands, except per share data) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2006 2005 2006 2005 Net sales $777,163 $788,471 $1,643,678 $1,592,419 Cost of sales 715,551 731,341 1,518,791 1,477,990 Gross profit 61,612 57,130 124,887 114,429 Selling, general and administrative expenses 51,913 46,463 105,447 91,908 Income from operations 9,699 10,667 19,440 22,521 Interest expense and other income (7,267) (5,562) (13,253) (10,380) Income before income taxes 2,432 5,105 6,187 12,141 Provision for income taxes 778 1,930 2,073 4,590 Net income $1,654 $3,175 $4,114 $7,551 Earnings per share Basic $0.05 $0.11 $0.14 $0.26 Diluted $0.05 $0.11 $0.13 $0.25 Shares used in per share calculation Basic 30,338 28,999 30,265 28,897 Diluted 30,613 29,696 31,580 29,665 BELL MICROPRODUCTS INC. Non-GAAP Statements of Operations (In thousands, except per share data) (Unaudited) Excluding Stock-based Compensation Expense Three Months Ended June 30, Six Months Ended June 30, 2006 2005 2006 2005 Net sales $777,163 $788,471 $1,643,678 $1,592,419 Cost of sales 715,551 731,341 1,518,791 1,477,990 Gross profit 61,612 57,130 124,887 114,429 Selling, general and administrative expenses 50,980 46,094 103,830 91,225 Income from operations 10,632 11,036 21,057 23,204 Interest expense and other income (7,267) (5,562) (13,253) (10,380) Income before income taxes 3,365 5,474 7,804 12,824 Provision for income taxes 1,077 1,930 2,608 4,873 Net income $2,288 $3,544 $5,196 $7,951 Earnings per share Basic $ 0.08 $ 0.12 $ 0.17 $0.28 Diluted $ 0.07 $ 0.12 $ 0.16 $0.27 Shares used in per share calculation Basic 30,338 28,999 30,265 28,897 Diluted 30,613 29,696 31,580 29,665
Non-GAAP presentation does not include pre-tax stock based compensation expense of $933,000 and $369,000 for the three months ended June 30, 2006 and 2005, and $1.6 million and $683,000 for the six months ended June 30, 2006 and 2005, respectively.Bell Microproducts, Inc.
CONTACT: Rob Damron, Investor Relations Representative of Bell
Microproducts Inc., +1-414-224-1668, or email@example.com
Web site: http://www.bellmicro.com/
CHICAGO, July 26 /PRNewswire-FirstCall/ -- Morningstar, Inc. , a leading provider of independent investment research, today launched its latest version of Morningstar Direct(SM) -- a Web-based global research platform that connects institutional investment professionals directly to Morningstar's investment research and data. Morningstar Direct is designed for asset managers, consultants, insurance companies, investor relations professionals, and retirement plan sponsors. The most significant additions to Morningstar Direct are a U.S. stock database, a global stock ownership database, hedge fund firm portfolio information, and an expanded European mutual fund database.
Morningstar Direct 3.0 users will have access to analyst reports and statistics on more than 7,000 U.S. stocks and American Depository Receipts (ADRs). Specifically, the data now includes daily trailing returns, valuation information, financial statements, and Morningstar proprietary information such as economic moat ratings, consider buy/sell recommendations, and the Morningstar Rating(TM) for stocks. Also now available is a stock ownership database with global ownership coverage derived from the Morningstar portfolio holdings database and institutional portfolio filings (13-Fs). Users will not only be able to determine who owns a given stock, but also who is buying or selling that stock. Additionally, the company has almost doubled the size of its European and offshore mutual fund coverage with approximately 20,000 new funds.
To enhance hedge fund research, equity holdings for approximately 600 of the largest hedge fund firms have been added to the latest version of Morningstar Direct. Company-wide equity holdings compiled from 13-F filings allow insight into the investment strategies of many of the most prominent hedge fund firms. And, as previously announced, Morningstar Direct now includes hedge fund research reports written by Morningstar's new hedge fund analysts.
"Our goal with Morningstar Direct is to create a comprehensive investment research platform," said Joe Mansueto, chairman and CEO of Morningstar. "The addition of securities data, expanded European mutual fund statistics, and hedge fund research reports rounds out our offering to include all major investment categories."
Other enhancements include news feeds from Morningstar.com, Dow Jones, and PR Newswire and a library of pre-formatted graphs and data tables that users can incorporate into their investment fact sheets. More information on Morningstar Direct can be found at: http://corporate.morningstar.com/US/asp/subject.aspx?xmlfile=40.xml .
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in the United States and in major international markets. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 145,000 investment offerings, including stocks, mutual funds, and similar vehicles. The company has operations in 13 countries and ownership interests in companies in three other countries.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements. These statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," or "continue" or the negative of these terms or other comparable terminology. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control and that could materially affect actual results, levels of activity, performance, or achievements.
Other factors that could materially affect actual results, levels of activity, performance, or achievements can be found in Morningstar's filings with the SEC, including Morningstar's Annual Report on Form 10-K for the year ended Dec. 31, 2005. If any of these risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary significantly from what we projected. Any forward-looking statement you read in this press release reflects our current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to our operations, results of operations, growth strategy, and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise.
Contact: Media: Alexa Auerbach 312-696-6481 firstname.lastname@example.org Investors: Please submit questions to email@example.com or by fax to 312-696-6009.Morningstar, Inc.
CONTACT: Media, Alexa Auerbach, +1-312-696-6481,
firstname.lastname@example.org , or Investors, Please submit questions to
email@example.com or by fax to +1-312-696-6009
Web site: http://www.morningstar.com/
PRINCETON, N.J., July 26 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), a subscription service focused on semiconductor and technology stocks, has published earnings previews for Harmonic , Taiwan Semiconductor Manufacturing , Tellabs , and Microsemi , among others.
New subscribers will also receive Next Inning's Q2 State of Tech report, a $149 value, free when they sign up for a complimentary 21-day trial subscription to Next Inning. In its entirety, Next Inning's Q2 State of Tech report is nearly 100 pages chock-full of charts, tables, and actionable investment commentary:
In the report, Editor Paul McWilliams wrote: "The interesting thing about TSMC that I don't believe the market credits is that the company managed to go through the entire 2001/02 down market, which for semiconductor fabricators was particularly brutal, without reporting pro forma operating losses. It came close, but while TSMC managed to eke out modest profits during the worst of it, its competition reported operating losses that in some cases were in excess of 30% of sales. However, even at that, Wall Street seems to lump TSMC in with the inferior operating models of other companies."
McWilliams looks at these topics:
-- Does McWilliams see the AMD/ATI Technology merger as a threat to TSMC? How does McWilliams expect the market to react to TSMC's second-quarter earnings report?
-- Does McWilliams see the possibility of an upside surprise from Harmonic's second-quarter earnings report?
-- How does Tellabs compare to other large telecom supply companies? Does McWilliams expect Tellabs' second-quarter report to exceed expectations?
-- What does McWilliams expect from Microsemi's fiscal third-quarter report?
Founded in September 2002, Next Inning's model portfolio has returned 233% since its inception versus 66% for the Nasdaq.
About Next Inning:
Next Inning is a subscription financial newsletter focused on technology stocks. Editor Paul McWilliams is a 20+ year industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC (CRD #131926), a registered investment advisor with the NASD and State of NJ. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Rusty Szurek, Next Inning Technology Research, +1-888-278-5515Indie Research Advisors, LLC
CONTACT: Rusty Szurek, Next Inning Technology Research, +1-888-278-5515
Web site: http://www.nextinning.com/
GATESHEAD, UK, July 26 /PRNewswire-FirstCall/ -- Remote Technology Company Medify Solutions (Pink Sheets: MFYS) is delighted to announce its expansion into the European market with Oracle as business partner, the world's largest enterprise software company. Following the positive collaborative achievements of Medify with Oracle on the NHS project, Oracle will support Medify Solutions Ltd in its European expansion.
Medify is going live as announced to its NHS customers on the 1st of September 2006. There are approximately 1.4m NHS employees and circa 500 000 healthcare professionals working for the NHS.
The first roll out site is for approximately 2500 users ($85 per customer per month for two years with an expected revenue stream of $5.1m).
The company will float its European subsidiary on the Frankfurt Exchange, the announcement to follow shortly. This expansion is supported, as announced by Oracle, the world's largest enterprise software company.
Medify does have an exclusive contract with EMIS to provide its technology to EMIS users. Currently EMIS supplies its service to 60% of the NHS UK primary care market (circa 150 000 healthcare professionals).
Medify has commercial activities in place in the European market justifying the impending floatation.
Medify Press Office: firstname.lastname@example.org Company Website : http://www.medifysolutions.com/ This press release was constructed in conjunction with StockTargets Inc. http://www.stocktargets.com/
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of Medify Solutions Limited, see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.Medify Solutions Ltd.
CONTACT: Jonathan Bryant, Group Chairman, Medify Solutions, Tel: +44 (0)
845 034 4090, Fax: +44 (0) 1785 214474, email@example.com
WILMINGTON, Del., July 26 /PRNewswire-FirstCall/ -- DuPont has reached significant milestones with the sale of the company's 500th Cyrel(R) FAST system and launches of the Cromaprint(TM) wide format digital printing system and DuPont(TM) Artistri(TM) 3320 grand format textile printing system.
Cyrel(R) FAST is one of the fastest growing technologies for advanced packaging graphics, with installations in 40 countries on six continents. DuPont's printing system businesses are growing at double-digit rates annually, targeting multi-billion-dollar industries that include textiles, graphic arts, signage and consumer packaging.
Based on DuPont proprietary technology, DuPont can now deliver superior color digitally in a variety of formats and sizes. DuPont developed the Cyrel(R) FAST, Cromaprint(TM) and DuPont(TM) Artistri(TM) printing systems for customers who require faster, more reliable printing with consistent quality and superior color on a broad variety of substrates, from paper, film and vinyl to all types of fabrics. All three provide or enable on-demand printing and complete system solutions - from color management to digital workflow to the finished product.
"DuPont has been a leader in color science since we developed color pigments for the automotive industry almost a century ago," said Barry M. Granger, vice president and general manager, DuPont Imaging Technologies. "Now, with our digital inks and expanded portfolio of digital printing systems, we can offer our customers color any way they want it, when they want it, so they can better service their customers' needs."
They are environmentally smart technologies, with no processing solvents to handle, store or recycle. In addition, they use significantly less water, ink and energy, versus conventional printing systems. For instance, DuPont collects developer rolls used in Cyrel(R) FAST printing to eliminate waste disposal, and then recycles them to generate steam energy. Cromaprint(TM) systems also offer substantial reduction of waste materials that are usually used in screen-printing processes, and Artistri(TM) systems use on-demand technology and DuPont aqueous inks.
The latest Cyrel(R) FAST system, Cyrel(R) FAST TD4260, was introduced last year to meet the needs of consumer package goods companies for consistent, high-quality color images on their packaging. The speed of Cyrel(R) FAST allows companies to better promote their brands with superior quality colors in less time, making it the ideal just-in-time system for applications that demand a fast turnaround.
In April, DuPont commercialized its Cromaprint(TM) 22UV fully integrated digital printing system. The total package is specifically designed to meet the high volume and high-speed production needs for digital printing onto the widest variety of rigid and flexible surfaces. The Cromaprint(TM) 22UV system offers flexibility to print onto substrates such as PVC, foam boards, acrylics, corrugated, glass, styrene, aluminum, wood, and, within two minutes, switch over to print onto flexible media such as DuPont(TM) Tyvek(R), vinyl, and polyester film such as DuPont Teijin Melinex(R).
DuPont recently launched its grand format DuPont(TM) Artistri(TM) 3320 digital textile printing system, which offers 3.3 meter wide roll-to-roll printing and access to new applications for digital printing on textiles. It is the latest in a product line to meet on-demand digital textile printing needs. DuPont(TM) Artistri(TM) digital printing systems consist of three main components: digital textile printers, brilliant textile inks and innovative color and control management software. Customers use the systems for applications such as interior textiles, window coverings, bedding, upholstery, flags and banners, trade show displays, point-of-sale displays, apparel, silk accessories and swimwear, among many other applications.
DuPont(TM) Cyrel(R) FAST, Cromaprint(TM) and Artistri(TM) are part of DuPont Imaging Technologies, which provides products for industrial print markets, commercial graphics, textile printing, packaging graphics, signage and electronic displays.
DuPont is a science company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.
(Photos are available at http://onlinepressroom.net/DuPont/MultimediaGallery/. Enter "digital color technology" into the "Search Gallery" text box.)
The DuPont Oval Logo, DuPont(TM), The miracles of science(TM), Cyrel(R), Artistri(TM), Cromaprint(TM), Tyvek(R) and Melinex(R) are registered trademarks or trademarks of DuPont or its affiliates.DuPont
CONTACT: Cathy Andriadis, DuPont, +1-302-774-4249,
Web site: http://www.dupont.com/
KERPEN, Germany, July 26 /PRNewswire/ --
Cross reference: Picture is distributed via EPA (European Pressphoto Agency) and can be downloaded free of charge under:
Ford of Europe's new-generation Ford Galaxy and all-new Ford S-MAX models feature various systems reflecting Visteon Corporation's (NYSE: VC) climate, electronics and interior expertise.
A total of 127 Visteon end items, grouped into 48 different products, are featured on the S-MAX and Galaxy, both of which were launched at the 2006 Geneva Motor Show. Visteon's climate, electronics, interior, powertrain and chassis components have been developed under Ford Motor Company's global 'Shared Technologies' initiative, which has allowed the car manufacturer to significantly expand its worldwide presence.
"Visteon is supporting Ford as it takes its model range into an exciting new future," said Michael Enders, director of Visteon's Ford Customer Group CD Car Program. "Visteon content on the Galaxy and S-MAX has been developed to meet Ford's demand for supreme driving quality and high levels of interior sophistication. Both these new models support Ford's new kinetic design philosophy, which expresses 'energy in motion,' and will filter through its future model range."
Visteon is a leading global supplier of automotive electronics and instrument clusters to original equipment manufacturers. The Galaxy and S-MAX instrument clusters serve as the HMI (Human Machine Interface) message center for driver personalization settings and navigation display. Visteon engineered the instrument clusters in the United Kingdom and India, and produces them at plants in Alba, Hungary, and Cadiz, Spain.
The infotainment features are provided through Visteon's audio system - available in tape, CD and CD6 Music System - and the Visteon DVD Family Entertainment System, which is a key enabler to delivering full vehicle passenger entertainment. The CD6 Music System radio combines the utility of a six-disc CD changer with the convenience of dashboard loading while maintaining a standard 100 mm chassis and an AM/FM receiver. Visteon's CD6 Music System offers approximately 70 songs at the consumer's fingertips.
Visteon's leadership in developing electronics components and systems that have an impact on performance, fuel economy and driving dynamics is also evident in other products supplied on the new Ford models. This includes the powertrain control module (gasoline), which is engineered at Basildon, U.K., and manufactured in Cadiz, Spain.
The climate control components - climate controls (dual zone front automatic and rear controls), compressor, HVAC units and refrigerant circuit - are provided by Visteon from a number of plants in Europe. This includes the Alba plant in Hungary, which supports the supply of compressors for a variety of Ford models. Development work on these features was done at Visteon's state-of-the-art climate control facility in Kerpen, Germany.
Other Visteon products on the Galaxy and S-MAX include door trims manufactured at the supplier's Berlin, Germany, plant, and assembled at the Genk, Belgium, plant, near Ford's plant in Genk where the Ford S-Max and Ford Galaxy are produced.
Powertrain and Chassis Systems
Visteon offers a durable, high-power alternator designed for package flexibility and optimized system performance. Visteon alternators are manufactured at Chenai, India. Other chassis components on the Ford Galaxy and Ford S-MAX, which are manufactured at plants in Wuelfrath and Dueren, Germany, include disc brakes, front wheel drive differentials, front wheel drive halfshaft, hub and bearing, and steering gears.
Visteon Corporation is a leading global automotive supplier that designs, engineers and manufactures innovative climate, interior, electronic and lighting products for vehicle manufacturers, and also provides a range of products and services to aftermarket customers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Kerpen, Germany; the company has more than 170 facilities in 24 countries and employs approximately 50,000 people.
Visteon news releases, photographs and product specification details are available at www.visteon.com
Contacts: UK & Northern Europe Jonna Christensen +44-1268-701094 firstname.lastname@example.org Germany & Eastern Europe Britta Lange +49-2273-595-2667 email@example.com France & Southern Europe Dolores Muniz +49-2273-595-2828 firstname.lastname@example.org Visteon European Corporate Office Visteon Deutschland GmbH Communications Visteonstrasse 4-10 D- 50170 Kerpen
Visteon Deutschland GmbH
Contacts: UK & Northern Europe: Jonna Christensen, +44-1268-701094, email@example.com; Germany & Eastern Europe: Britta Lange, +49-2273-595-2667, firstname.lastname@example.org; France & Southern Europe: Dolores Muniz, +49-2273-595-2828, email@example.com; Visteon European Corporate Office, Visteon Deutschland GmbH, Communications, Visteonstrasse 4-10 D- 50170 Kerpen
BOSTON, Massachusetts, July 26 /PRNewswire/ --
- Featuring Over 200 Small & Mid-Cap Growth Companies
- Private Company Showcase Will Target Next-Generation Companies
- Knowledge Sessions Offer Deep Understanding of 12 Key Themes
Canaccord Adams, Inc. today announced the line-up for its 26th Annual Summer Seminar, which will feature more than 200 small- and mid-cap growth companies, a select list of private companies and a dozen in-depth "Knowledge Sessions" that will explore important industry themes and topics. This is the first year that the conference is hosted under the Canaccord Adams brand, reflecting the acquisition of Adams Harkness Financial Group earlier this year by Canaccord Capital Inc.
This year's Summer Seminar theme - "Ideas are the Engine of our Business" - will focus on companies poised to shape the growth market in the years ahead in the key sectors followed by the firm's research team: Metals & Mining, Energy, Technology, Life Sciences, Real Estate & Gaming, and Consumer and Industrial Growth. The three-day conference takes place in Boston, August 8-10.
"This year's conference marks an important occasion since our new global platform allows us to substantially expand the scope of the event," said Kevin Dunn, President and CEO of Canaccord Adams Inc. "We will have a broad array of Canadian- and UK-based companies joining our traditional lineup of domestic presenters, thus bringing greater geographic scope to the program. The Summer Seminar strives to be a top-quality event for institutional clients and venture capitalists, connecting them with excellent growth industries while also giving corporate clients access to investing insights and valuable information. Our goal is providing a premier forum for information flow and networking for public and private growth companies, venture capitalists and institutional investors."
In keeping with past seminars, this year's agenda features 12 Knowledge Sessions, during which experts will address important topics, changes and trends in growth investing. These panels will be made up of institutional investors, industry experts, Canaccord Adams research analysts, bankers and venture capital professionals. Some of the key panels are:
AIM - Growth Market of the LSE - US companies are challenged in accessing capital while some may be too small to go public domestically and face other challenges as well. This panel will discus this issue as well as compare and contrast AIM with other emerging marketplaces.
Accelerated Approval for Oncology Drugs - This discussion will explore the role of the FDA Accelerated Approval pathway and its usefulness in getting new drugs approved.
Big Opportunities in the NANO World - An overview of how NANO technology holds promise for advancement yet is quite challenging for investors to sort through.
A Bright Idea - A discussion of solid state lighting creating investment opportunities as additional developments take place in next-generation solid state solutions.
Communications Technology: Key Themes, Issues and Opportunities - Executives and industry experts to discuss the key issues facing communications equipment companies today.
The 2006 Summer Seminar will also feature a Private Company Showcase of over 30 select, early- to mid-stage technology companies. These companies are involved in many aspects of technology, including software, semiconductors and semiconductor equipment; technology-enabled services; communications; and energy technology. Most of the companies have completed initial product development and are launching or expanding product commercialization.
"Our Private Company Showcase aims to introduce a group of next-generation companies to the venture and private equity communities," said Jamie Brown, Managing Director, Head of US Investment Banking of Canaccord Adams. "We believe that the Private Company Showcase is an excellent complement to the Summer Seminar, providing investors with an opportunity to learn more about these emerging private companies and their growth prospects."
Presenting Public Companies Include:
3D Systems, Abiomed, Adobe, ADTRAN, Advanced Energy, Airspan, Akamai, Alliance Data Systems, Angiodynamics, Ansoft, Answers.com, Aptimus, Art Technology, Aspen Technology, ATMI, Avid Technology, Aviza, Bankrate, Bottomline Tech., Brooks Automation, Brush Engineered Materials, California Micro Devices, Carmanah Technologies, CDT, Ceradyne, Click Commerce, Cognex, Color Kinetics, Corel, Credence Systems, Cybersource, Dolby, Dynamics Res., Eagle Test, Emcore, Endologix, Entegris, Equinix, E-Z-EM, F5, FalconStor, First Advantage, Forrester, Gerber Scientific, Global Options Group, GSI Group, Harris & Harris Group, Hologic, ICT Group, iLinc, Imaging Dynamics, Integra LifeSciences, Intermap, iRobot, Ixia, Jupitermedia, Lantronics, LECG Inc., LivePerson, Medwave, Mentor Graphics, Merit Medical, MKS Instruments, Moldflow, Nanometrics, Nanophase, Neoware Systems, Neteller, Network Equip Tech, Newport, Nuance, Open Solutions, Packeteer, PDF Solutions, Perficient, PLX Technology, Powerwave, QuickLogic, RealNetworks, RightNow Tech., Sandvine, Savvis, SMSC, Sonic Solutions, SonoSite, Spectranetics, SRA International, Symyx, Synrax-Brillian, Telular Corp., Terremark Worldwide, Thoratec, Tut Systems, Universal Display, Universal Electronics, Vascular Solutions, Virage Logic, Vital Images, Vitalstream Holdings, Vocus, WebSideStory, Westaim, Xyratex.
ACADIA, Array Biopharma, AtheroGenics, Cell Genesys, Chemokine, Coley Pharmaceutical Group, ConjuChem Biotechnologies, Excapsa, FoxHollow Technologies, Hana Biosciences, Hollis Eden, Introgen Therapeutics, Medivation, Methylgene, NUCRYST Pharma, Ondine Pharma, Pharmacopeia, SemBioSys, TIR Systems, TM Bioscience, Vasogen, Vertex Pharmaceuticals, XOMA, YM Biosciences.
CNS, Lifetime Brands, Lifetime Fitness, Matrixx Initiatives Inc., Nautilus, Nutrisystem, Select Comfort, Tempur-Pedic, DIET eDiets, Green Mtn Coffee, Hain Celestial, Herbalife, Martek, Medifast, NBTY, Nu Skin, Reliv, Sanfilippo, SunOpta, United Natural Foods, USANA.
Metals and Mining
Coal Corp., Corriente Resources, Eastern Platinum, Endeavour Mining Corp., Niko Resources, Northern Orion, Oriel Resources, Peter Hambro Mining, UrAsia Energy, Yamana.
Bankers Petroleum, Baytex Energy Trust, Bear Ridge, BPI Energy, Endeavour International, Energy Savings Income Fund, Evergreen Energy Trust, First Calgary, Pengrowth, Verenex Energy, Warren Resources, West Energy.
ADA ES, Badger Meter, Basin Water, Distributed Energy, Esco, Fuel Cell Energy, FuelTech, Hanfeng Evergreen, Headwaters, Impco, Itron, Millennium Cell, Quantum, Spire, WFI Industries, Royal Laser.
Presenting Private Companies Include:
A123, Archemix, Authoria, Bio Energy International, Brightcove, Did-It, Dynogen, E Ink, e-Dialogue, eLutions, EnerNOC, eSilicon, Gen3 Consulting, HighRoads, Ibrix, Koko Fitness, LGC Wireless, Linux Networx, Luminus, Moo Bella, Nanofilm, NanoInk, Netezza, Ocean Nutrition, Organogenesis, Paratek Pharmaceuticals, Quadrem, enal Solutions, Rubicon, SemEquip, Syndesis, UMD Technology, Wyse.
The Canaccord Adams Annual Summer Seminar is one of the oldest and largest programs showcasing both publicly traded and privately held growth companies. Most of the presenting public companies are covered by Canaccord Adams' global team of equity analysts. To learn more about the conference, please contact Nadine Miller at +1-617-371-3842 or Nadine.Miller@CanaccordAdams.com. The link below also features more information about the conference: http://www.summerseminar.canaccordadams.com
Canaccord Adams is a leading independent financial services firm committed to fostering the entrepreneurial economy by bringing corporate and institutional clients unique perspective on global investment opportunities. With operations in research, sales and trading, and investment banking, our 225 professionals seek out emerging opportunities in our key sectors - Mining and Metals, Energy, Technology, Life Sciences, Real Estate, and Industrial Growth. Located in nine offices internationally, our experienced team generates focused, actionable ideas that identify opportunity and facilitate growth. Canaccord Adams, the international capital markets division of Canaccord Capital Inc., has operations in Toronto, London, Boston, Vancouver, New York, Calgary, Montreal, San Francisco and Houston.
More information is available at www.canaccordadams.com. Canaccord Adams Inc., Member NASD/SIPC. Canaccord Adams Limited is regulated and authorised by the Financial Services Authority and a member of the LSE. Canaccord Adams is a division of Canaccord Capital Corporation, Member IDA/CIPF.
ABOUT CANACCORD CAPITAL INC.:
Through its principal subsidiaries, Canaccord Capital Inc. (CCI: TSX & AIM) is a leading independent full service investment dealer in Canada with capital markets operations in the United Kingdom and the United States of America. Canaccord is publicly traded on both the Toronto Stock Exchange and AIM. Canaccord has operations in two of the principal segments of the securities industry: private client services (offered exclusively in Canada) and capital markets. Together, these operations offer a wide range of complementary investment products, brokerage services and investment banking services to Canaccord's private, institutional and corporate clients. Canaccord has approximately 1,480 employees worldwide in 32 offices, including 26 Private Client Services offices located across Canada.Canaccord Capital Inc.
For further information: Nadine Miller, Canaccord Adams, +1-(617)-371-3842, Nadine.Miller@CanaccordAdams.com
KERPEN, Allemagne, July 26 /PRNewswire/ --
- Cross reference: Picture is distributed via EPA (European Pressphoto Agency) and can be downloaded free of charge under: http://www.presseportal.de/story.htx?firmaid=8878
Les véhicules de nouvelle génération de Ford Europe, le Ford Galaxy et le tout nouveau Ford S-MAX, comportent différents systèmes qui reflètent les savoir-faire de Visteon Corporation (VC à la Bourse de New-York) dans les domaines de la climatisation, de l'électronique et de l'intérieur.
En tout, 127 composants Visteon regroupés en 48 produits différents équipent les S-MAX et Galaxy qui sont sortis lors du salon automobile 2006 de Genève. Les composants de climatisation, d'électronique, d'intérieur et de groupe motopropulseur de Visteon ont été conçus dans le cadre de << Shared Technologies >>, le programme mondial de Ford Motor Company qui lui a permis de renforcer sa présence internationale de manière significative.
<< Visteon soutient Ford, car sa gamme de véhicules ouvre des perspectives d'avenir fantastiques, >> dit Michael Enders, directeur du programme de véhicules C et D de l'organisation compte client Ford de Visteon . << Les produits Visteon montés sur le Galaxy et le S-MAX répondent aux exigences de Ford en termes de qualité supérieure de conduite et de grand raffinement intérieur. Ces deux nouveaux modèles traduisent la nouvelle philosophie cinétique de Ford en matière de design qui s'articule autour de << l'énergie en mouvement >> et qui modèlera toute sa future gamme. >>
Visteon est l'un des principaux équipementiers automobiles mondiaux de première monte en termes d'électronique et de tableaux de bord. Le tableau de bord du Galaxy et du S-MAX sert de centre de messagerie IHM (Interface Homme-Machine) pour le réglage des paramètres de personnalisation conducteur et l'écran de navigation. L'ingénierie des tableaux de bord Visteon vient du Royaume-Uni et d'Inde, la fabrication se fait à Alba (Hongrie) et à Cadix (Espagne).
Les équipements d'info divertissement comprennent le système audio Visteon (disponible avec lecteurs de cassette, de CD ou chargeur 6 CD) et le système DVD de divertissement familial Visteon qui joue un rôle central en vue d'offrir un divertissement complet aux passagers du véhicule. Le système audio à chargeur 6CD allie l'utilité d'un chargeur 6CD au confort du chargement par la planche de bord, tout en conservant un châssis standard de 100 mm et un récepteur AM/FM. Le système audio 6CD de Visteon met ainsi environ 70 chansons à portée de main du consommateur.
Visteon prouve son avance technologique dans la mise au point de composants et systèmes ayant une incidence sur les performances, les économies de carburant et la dynamique de conduite en fournissant d'autres éléments sur les nouveaux modèles Ford. On retiendra le module de gestion du groupe motopropulseur (à essence) conçu à Basildon (Royaume-Uni) et fabriqué à Cadix (Espagne).
Systèmes de climatisation
Les composants de climatisation (commandes de climatisation automatiques bizone avant et arrière, compresseur, système de climatisation HVAC et circuit réfrigérant) sont fournis par Visteon à partir d'un certain nombre de ses usines en Europe, dont celle d'Alba en Hongrie qui fournit des compresseurs pour divers modèles Ford. La conception de ces produits a été réalisée au centre d'excellence dédié aux systèmes de climatisation de Kerpen en Allemagne.
Parmi les autres produits Visteon embarqués sur le Galaxy et le S-MAX, on notera les panneaux de porte fabriqués à l'usine Visteon de Berlin et montés à l'usine de Genk en Belgique, à proximité de l'usine Ford de cette mÃªme ville oÃ¹ sont assemblés le Ford S-Max et le Ford Galaxy.
Systèmes groupes motopropulseurs et châssis
Visteon fournit un alternateur durable, haute puissance, conçu pour offrir une grande flexibilité et une performance de système optimisée. Les alternateurs Visteon sont fabriqués à Chennai en Inde. Parmi les autres composants de châssis montés sur les Ford Galaxy et Ford S-MAX, citons les freins à disque, les différentiels et les demi-arbres de liaison des systèmes de roulement avant, les moyeux et coussinets ainsi que les boîtiers de direction qui sont fabriqués dans les usines de Wuelfrath et Dueren en Allemagne.
Visteon Corporation est l'un des principaux équipementiers automobiles mondiaux. La société conçoit, met au point et fabrique d'innovants produits électroniques, de climatisation, d'intérieur et d'éclairage à destination des constructeurs automobiles, et offre également toute une gamme de produits et de services aux clients du marché des accessoires et des pièces de rechange. L'entreprise dispose de sièges sociaux à Van Buren Township, dans le Michigan (Etats-Unis), à ShanghaÃ¯ (Chine) et à Kerpen (Allemagne) et emploie environ 50 000 personnes réparties sur plus de 170 sites à travers 24 pays.
Les communiqués de presse, les photographies et les informations concernant les produits Visteon sont disponibles sur www.visteon.com
UK & Northern Europe Jonna Christensen +44-1268-701094 firstname.lastname@example.org Germany & Eastern Europe Britta Lange +49-2273-595-2667 email@example.com France & Southern Europe Dolores Muniz +49-2273-595-2828 firstname.lastname@example.org Visteon European Corporate Office Visteon Deutschland GmbH Communications Visteonstrasse 4-10 D-50170 Kerpen
Visteon Deutschland GmbH
UK & Northern Europe - Jonna Christensen, +44-1268-701094, email@example.com; Germany & Eastern Europe, Britta Lange, +49-2273-595-2667, firstname.lastname@example.org; France & Southern Europe, Dolores Muniz, +49-2273-595-2828, email@example.com; Visteon European Corporate Office, Visteon Deutschland GmbH, Communications, Visteonstrasse 4-10 D-50170 Kerpen
ARLINGTON, Va., July 26 /PRNewswire-FirstCall/ -- CACI International Inc will announce its fourth quarter and full fiscal year FY06 results at 4:05 p.m. Eastern Time on Wednesday, August 16, 2006. Following the release of this information, the company has scheduled a conference call for Thursday, August 17, 2006 at 8:30 a.m. Eastern Time, during which management will be making a brief presentation focusing on fourth quarter and year-end results and operating trends. A question-and-answer session will follow to further discuss the results and the company's future performance expectations.
Interested parties can listen to the conference call and view accompanying exhibits over the Internet by logging on to CACI's Internet site at http://www.shareholder.com/caci/medialist.cfm at the scheduled time. A replay of the call will also be available over the Internet beginning on August 17th at 1:00 p.m. Eastern Time, and can be accessed through CACI's homepage (http://www.caci.com/).
CACI International Inc provides the IT and network solutions needed to prevail in today's new era of defense, intelligence, and e-government. From systems integration and managed network solutions to knowledge management, engineering, simulation, and information assurance, we deliver the IT applications and infrastructures our federal customers use to improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. Our solutions lead the transformation of defense and intelligence, assure homeland security, enhance decision-making, and help government to work smarter, faster, and more responsively. CACI has been named to the Fortune 1000 Largest Companies of 2006. A member of the Russell 1000 index, CACI provides dynamic careers for approximately 10,450 employees working in over 130 offices in the U.S. and Europe. CACI is the IT provider for a networked world. Visit CACI on the web at http://www.caci.com/.
For investor information contact: For media information contact: David Dragics, Vice President, Jody Brown, Executive Vice President, Investor Relations Public Relations (703) 841-7835, firstname.lastname@example.org (703) 841-7801, email@example.comCACI International Inc
CONTACT: For investor information: David Dragics, Vice President,
Investor Relations, +1-703-841-7835, firstname.lastname@example.org, or for media
information: Jody Brown, Executive Vice President, Public Relations,
+1-703-841-7801, email@example.com, both of CACI International Inc
Web site: http://www.caci.com/
NEW YORK, July 26 /PRNewswire/ -- Aircraft safety and management strategies for maintaining aircraft in a growing Asian aviation market -- issues that affect airlines, OEMs, suppliers, service providers and the military -- will be the focus of discussions and displays during AVIATION WEEK'S MRO Asia Conference & Exhibition, September 19-21 in Xiamen, China.
MRO Asia is the largest conference and exhibition in the region dedicated to the aircraft maintenance, repair and overhaul (MRO) market, and brings together more than 1,000 global leaders in aviation maintenance from airlines and the government/military sectors who serve the industry.
In addition to a sold out exhibition hall with more than 60 companies displaying the latest services and technologies, the conference will offer educational and informative sessions with over 25 speakers addressing:
-- Outsourcing or In House - Chinese Airlines Maintenance -- Outsourcing - Influencing the Airlines Decision -- Cargo Conversion -- Lower Wages -- Joint Ventures
"Within the next ten years the MRO industry in Asia is expected to reach $12.2 billion, accounting for 24% of the global market, but the challenge today for MRO executives is create strategies to manage growth and reduce cost while maintaining profitability and quality," said Tom Henricks, President of AVIATION WEEK. "Industry executives, their suppliers and customers attending this year's MRO Asia Conference & Exhibition will find a comprehensive one- stop business environment that will help them manage the extraordinary challenges of today's rapidly changing MRO marketplace, and help them plan for tomorrow."
Additional information and online registration for MRO Asia is available at http://www.aviationnow.com/conferences or by calling +1 800 240 7645 (U.S. & Canada only) or +1 212 904 6344.
Airlines attending MRO Asia include: Air China, Air China Cargo, Changan Airlines, China Cargo, China Eastern Airlines, China Eastern Airlines Jiangsu Co., China Eastern Airlines Northwest Co., China Eastern Airlines Wuhan Co., China Postal Airlines, China Southern Airlines, China Southern Airlines Group Hainan Co., China Southern Airlines Northern Co., China Southern Airlines Shantou Co., China United Airlines, China Xinhua Airlines, Deer Jet, East Star Airlines, Greatwall Airlines, Guangxi Airlines, Guizhou Airlines, Hainan Airlines, JADE Cargo International, OK Airlines, Rainbow Jet, Shandong Airlines, Shanghai Airlines, Shanxi Airlines, Shenzhen Airlines, Sichuan
Airlines, Spring Airlines, United Eagle Airlines, Xiamen Airlines, Yangtze River Express Airlines, Zhuhai Airlines.
MRO Asia is produced by Aviation Week Conferences & Exhibitions in association with Civil Aviation Administration of China - CAAC, China Aviation Supplies Imp. & Exp. Group Corp. (CASGC), International, Aviation Group (IAG), and Overhaul & Maintenance magazine. Gold sponsors are Boeing Commercial Airplanes, Pratt & Whitney, and United Services. Silver sponsors are Goodrich, Honeywell, and Sargent/Avborne. Bronze sponsors are Airbus and HEICO Corp. MRO Asia is supported by Xiamen Aviation Industry Co. Ltd. (XAICO), Beijing Kailan Aviation Technology Co. Ltd/IAG's MRO China. Airline support is from Air China, JetBlue Airways and Quantas Airways and Xiamen Airlines.
About AVIATION WEEK
AVIATION WEEK, a division of The McGraw-Hill Companies, is the largest multimedia information and services provider to the global aviation, aerospace and defense industries, and includes the publications Aviation Week & Space Technology, Defense Technology International, Business & Commercial Aviation, Overhaul & Maintenance, ShowNews, Aviation Daily, The Weekly of Business Aviation, Aerospace Daily & Defense Report and the World Aerospace Database. The group's web portal, http://www.aviationweek.com/, offers the industry's most reliable news, information, intelligence and features, and its Aviation Week Intelligence Network (AWIN) at http://www.aviationweek.com/awin is the industry's most integrated business tool for managers, business developers, buyers and technical professionals across the entire aviation and aerospace field. The group also produces 12 major conferences and exhibitions in the MRO, defense and programs sectors. Information is available at http://www.aviationweek.com/conferences.
About The McGraw-Hill Companies
Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The corporation has more than 290 offices in 38 countries. Sales in 2005 were $6.0 billion. Additional information is available at http://www.mcgraw-hill.com/.AVIATION WEEK
CONTACT: Media Contact:
MILWAUKEE, July 26 /PRNewswire-FirstCall/ -- The Directors of Johnson Controls, Inc. (JCI) today authorized a regular quarterly cash dividend of $.28 per common share. The dividend is payable September 29, 2006 to shareholders of record September 13, 2006.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030423/JCILOGO ) Johnson Controls has paid consecutive dividends since 1887.
Johnson Controls is a global leader in interior experience, building efficiency and power solutions. The company provides innovative automotive interiors that help make driving more comfortable, safe and enjoyable. For buildings, it offers products and services that optimize energy use and improve comfort and security. Johnson Controls also provides batteries for automobiles and hybrid electric vehicles, along with systems engineering and service expertise. Johnson Controls , founded in 1885, has its headquarters in Milwaukee, Wisconsin. For additional information, visit http://www.johnsoncontrols.com/ .Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030423/JCILOGO
CONTACT: Glen L. Ponczak of Johnson Controls, Inc., +1-414-524-2375
Web site: http://www.johnsoncontrols.com/
Company News On-Call: http://www.prnewswire.com/comp/473547.html
CULVER CITY, Calif., July 26 /PRNewswire/ -- Leading retail marketing services agency Creative Channel Services, LLC (CCS) is pleased to announce that the online training site it developed for client Virgin Mobile USA has been recognized as a Finalist in the 4th Annual American Business Awards (the "Stevies(SM)") and as an "Official Honoree" in the 10th Annual Webby Awards, the leading international honor for web sites. In addition to custom-designing the "Virgin Mobile: Train on Your Terms" web site, CCS hosts the site on CyberScholar(R).com, the #1 resource for consumer electronics retail sales training.
"At CCS, we take pride in creating best-in-class solutions for our client-partners," said Andy Restivo, president of CCS. "We are pleased that both the Webby Awards and American Business Awards have recognized the hard work, creativity and vision of CCS' creative and learning development teams."
Since its launch in November 2005, the Virgin Mobile training site on CyberScholar.com has been key to Virgin Mobile's campaign to increase brand awareness and product knowledge among wireless and electronics salespeople nationwide at retailers such as Best Buy, Radio Shack and Target, among others. To align the site with Virgin Mobile's customer-centric goals and youth-oriented image, CCS custom-designed visuals, cast and ran photo shoots and voice-over sessions, and wrote scripts and quizzes that incorporate effective e-learning principles to help salespeople retain product information and apply that knowledge on the sales floor.
The Webby Awards are determined by the International Academy of Digital Arts & Sciences, a global organization with a membership that includes such notables as musician David Bowie, "Simpsons" creator Matt Groening, and Real Networks CEO Rob Glaser. The 10th Annual Webby Awards received a record number of entries from over 40 countries and all 50 states. Out of over 5,500 entries submitted, fewer than 20% received the honor of being designated an Official Honoree.
The American Business Awards are the only national, all-encompassing business awards program honoring great performances in the workplace. In 2006, more than 1,500 entries from companies of all sizes and virtually every industry were submitted for consideration in more than 40 categories.
The Virgin Mobile training site on CyberScholar.com can be viewed at http://www.cyberscholar.com/virgin_mobile. To go through the Virgin Mobile training, take a learning assessment or qualify for prize incentives, users must first login or register at CyberScholar.com.
About Creative Channel Services, LLC (http://www.creativechannel.com/)
Creative Channel Services (CCS) is an integrated retail marketing services agency focused on helping manufacturers and retailers improve sales performance by creating influence at the point of sale. CCS offers custom field sales and marketing support, retail training development, e-learning content management, interactive services, promotional marketing and related services. Founded in 1995 and headquartered in Culver City, California, CCS is a subsidiary of Omnicom Group Inc. , a leading global advertising, marketing and corporate communications company.
About The Webby Awards
Called the "Oscars of the Internet" by the New York Times, the Webby is the leading international award honoring excellence in Web design, creativity, usability and functionality. The Webby Awards are presented by The International Academy of Digital Arts and Sciences (http://www.iadas.net/). Sponsors and partners of The Webby Awards include: AOL; The Creative Group; Verizon; Adweek, Brandweek and Mediaweek magazines; Fortune; OnRequest Images; IDG; iStockphoto; American Marketing Association; PricewaterhouseCoopers; 2advanced Studios; MX Interactive and Museum of the Moving Image. For more information, visit http://www.webbyawards.com/.
About The Stevie Awards
Hailed as "the business world's own Oscars" by the New York Post (April 27, 2005), Stevie Awards are conferred in three programs: The American Business Awards, The International Business Awards, and The Stevie Awards for Women Entrepreneurs. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at http://www.stevieawards.com/.
About Virgin Mobile USA, LLC
Launched nationally in July of 2002, Virgin Mobile USA, LLC is the nation's leading wireless youth network, a joint venture between Sir Richard Branson's Virgin Group and Sprint Nextel. J.D. Power and Associates has recognized Virgin Mobile for providing "An Outstanding Customer Service Experience" under its Certified Call Center Program.(SM) More information is available at http://www.virginmobileusa.com/.
For more information, contact: Mark Boeder, senior marketing manager Creative Channel Services 310-665-9900, ext. 245 firstname.lastname@example.org
Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Andy Restivo http://profnet.prnewswire.com/ud_public.jsp?userid=10012341Creative Channel Services, LLC
CONTACT: Mark Boeder, senior marketing manager of Creative Channel
Services, +1-310-665-9900, ext. 245, email@example.com
Web site: http://www.cyberscholar.com/
Web site: http://www.cyberscholar.com/virgin_mobile
Web site: http://www.iadas.net/
Web site: http://www.webbyawards.com/
Web site: http://www.stevieawards.com/
Web site: http://www.virginmobileusa.com/
Web site: http://www.creativechannel.com/
CHANTILLY, Va., July 26 /PRNewswire/ -- Mobile 365, the global leader in mobile messaging and data services, today announced that is has been chosen to provide SMS services to Skype(TM).
(Logo: http://www.newscom.com/cgi-bin/prnh/20040920/DCM016LOGO )
With the addition of SMS messaging via Mobile 365's global delivery network, Skype users can keep in touch by sending SMS messages to mobile subscribers anywhere in the world. Mobile 365 is at the forefront of mobile interoperability messaging and the distribution of premium content and value- added services and is the exclusive partner for Skype in China.
"Skype chose to work with Mobile 365 not only because of its unrivalled global SMS reach, but also because of its ability to access difficult, but highly important markets such as China and India," said Michael Jackson, Director, Paid Products, Skype. "As a global partner, Mobile 365 offers both service reliability and availability, using multiple routes to each destination, enabling us to deliver messages with speed, quality, and ultimately, cost effectively."
With this new service, Skype users can send an SMS to a mobile phone directly from their keyboard. The service is quick and simple to use, and features a straightforward pricing plan; users pay using their existing Skype Credit. For example, a Skype user can now contact a friend who is offline, via a mobile message, and arrange a Skype call, thus extending Skype's reach beyond the PC.
When a Skype user sends a message, Skype distributes the message via Mobile 365's global inter-operator network to over 60 countries across the world. Mobile 365 accommodates high traffic volumes via its upgraded platform, which recently benefited from a $15 million investment, further enabling the network to reliably deliver messages into over 180 countries worldwide.
Gino Picasso, CEO of Mobile 365 comments, "Skype is leading the way in global communications and we are delighted to have been chosen as a strategic partner in their quest to revolutionize the way consumers utilize SMS. Skype needed a global partner that is able to provide connectivity into rapidly growing regions including China and India."
As Mobile 365 is the only international aggregator with a local presence and premium connectivity into China and India (with over 500 million, and growing, mobile subscribers combined) it is well placed to help Skype deploy value-added services to its users, via Premium SMS, thus opening new revenue streams in such lucrative emerging markets. Picasso said, "We expect to build upon our SMS delivery and expand our product offerings with Skype for the global marketplace."
Skype is available to download at http://www.skype.com/. About Mobile 365
Delivering two billion messages per month, Mobile 365 leads the world in the global delivery and settlement of mobile messaging and data services, including SMS, MMS, and WAP. With reach to more than 500 mobile operators around the world, Mobile 365 is at the forefront of mobile interoperability messaging and the distribution of premium content and value-added services. Headquartered outside of Washington, D.C., Mobile 365 has offices in Beijing, Guangzhou, Hamburg, Hong Kong, Johannesburg, Kuala Lumpur, London, Madrid, Mexico City, Milan, New Delhi, Paris, San Francisco, Shanghai, Singapore, Sydney, and Taipei. Major operator customers include Verizon Wireless, Vodafone, Cingular Wireless, T-Mobile, Telcel, Telefonica, O2, China Mobile, China Unicom, Hutchison, and Airtel. Major brand customers include Volvo, Sony Pictures, MSN, Citibank, Siemens, Ogilvy, Yahoo!, and Dunkin' Donuts. For more information, visit: http://www.mobile365.com/.
Skype is the world's fastest-growing Internet communication offering, allowing people everywhere to make unlimited voice and video communication for free between the users of Skype software. Skype is available in 27 languages and is used in almost every country around the world. Skype generates revenue through its premium offerings such as making and receiving calls to and from landline and mobile phones, as well as voicemail and call forwarding. Skype also has relationships with a growing network of hardware and software providers. Skype is an eBay company . To learn more visit skype.com. Skype is not a replacement for your ordinary telephone and cannot be used for emergency calling.
Contact: Sara Parker SheaHedges Group Phone: 703.287.7820 Email: firstname.lastname@example.orgPhoto: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040920/DCM016LOGO
CONTACT: Sara Parker of SheaHedges Group, +1-703-287-7820,
email@example.com, for Mobile 365
Web site: http://www.mobile365.com/
GOLETA, Calif., July 26 /PRNewswire-FirstCall/ -- Commerce Planet, Inc. (BULLETIN BOARD: CPNE) announced today that recently acquired subsidiary One Source Imaging (OSI) has booked over $500,000 in business from a new customer within the last 30 days.
Commerce Planet CEO Michael Hill stated, "When we acquired OSI in June our main objective was to allow us to integrate our printing and fulfillment processes in-house as well as realize significant cost savings of approximately 15% and 40% respectively within these areas. In addition to lowering our costs, we have the added benefit of another business unit which is now also experiencing record growth." He added, "I believe the opportunities for Commerce Planet give us much to be excited about looking out through the remainder of the year and into 2007."
The Company expects to file its 10-QSB for the period ending June 30, 2006 within the next week.
About Commerce Planet
Commerce Planet, Inc. is a full service online commerce and business solutions company. Through its websites onlinesupplier.com, buydiscount.com and mysoftwaretutor.com, and its subsidiaries One Source Imaging and Legacy Media, Commerce Planet provides ecommerce, business and media solutions, and loyalty club memberships.
To find out more about Commerce Planet (BULLETIN BOARD: CPNE) , visit our websites at http://www.commerceplanet.com/, http://www.onlinesupplier.com/, http://www.buydiscount.com/ and mysoftwaretutor.com. The Company's public financial information and filings can be viewed at http://www.sec.gov/.
Forward Looking Statements
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products and services or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.Commerce Planet, Inc.
CONTACT: Michael Novielli, Chairman of Commerce Planet, Inc.,
Web site: http://www.commerceplanet.com/
SUNNYVALE, Calif., July 26 /PRNewswire-FirstCall/ -- Zoran Corporation announced that its SupraHD 660 integrated DTV processor and Cascade 2 high performance demodulator products are powering Sanyo Electric's new cost-competitive LCD and Plasma high definition television products available at a major U.S. retailer.
New integrated digital HDTV models include: 26-inch wide screen LCD DP26746, 32-inch wide screen LCD DP32746, and 42-inch wide screen Plasma DP42746.
"We are pleased to expand our high definition television product line using Zoran's SupraHD 660-Cascade 2 solution. The integrated features of Zoran's solution enabled us to deliver high definition television products at lower price points than competitive brands," said M. Matsudaira, vice president, Sanyo Manufacturing Corporation.
"Sanyo has launched new flat panel televisions with video processing quality equivalent to other brands costing twice as much. It has been a pleasure to work with Sanyo to develop high quality televisions that deliver high definition viewing to consumers without the need for an additional expensive display processor," said Ram Ofir, senior vice president and general manager at Zoran's home entertainment division.
The SupraHD 660 integrates all the necessary components required to replace existing multi-chip TV solutions. The SupraHD 660 supports full ATSC and NTSC functionality required for digital and analog televisions as well as high quality video scalar capabilities. Features include:
* Dual channel LVDS transmitters for direct connection to flat panel displays * Production proven MPEG -2 video and audio decoder * HDMI receiver with HDCP copy protection * Integrated video decoder with 3D comb filter as well as video encoder * 10-bit video processing for enhanced picture quality * HDXtreme-based motion adaptive deinterlacer * Motion adaptive temporal, spatial and impulse noise reduction * Advanced picture quality improvement engine
Zoran's Cascade 2 demodulator products offer BTSC demodulation, 8VSB demodulation with the widest equalizer range of over 110 microseconds, excellent indoor reception against severe multiphase conditions, as well as class-leading QAM demodulation with superior phase noise rejection mechanism proven in real-world field environments.
SANYO Electric Co., Ltd. is a $20 billion manufacturer and marketer of consumer and commercial appliances and electronics. Based in Chatsworth, California, SANYO Fisher Company is a division of San Diego, California-based SANYO North America Corporation, a subsidiary of SANYO Electric Co., Ltd., headquartered in Osaka, Japan. In the United States, SANYO Fisher Company markets a wide variety of SANYO home appliances, PCS phones, consumer electronics, LCD projectors, security video equipment and air conditioning systems. For further information, please visit http://www.sanyo.com/ or call 818-998-7322.
About Zoran Corporation
Zoran Corporation, based in Sunnyvale, California, is a leading provider of digital solutions for applications in the growing digital entertainment and digital imaging consumer electronics markets. With two decades of expertise developing and delivering digital signal processing technologies, Zoran has pioneered high-performance digital audio and video, imaging applications, and Connect and Share technologies for the digital home. Zoran's proficiency in integration delivers major benefits for OEM customers, including greater capabilities within each product generation, reduced system costs, and shorter time to market. Zoran-based DVD, digital camera, DTV, multimedia mobile phone, and multifunction printer products have received recognition for excellence and are now in hundreds of millions of homes worldwide. With headquarters in the U.S. and operations in Canada, China, England, Germany, India, Israel, Japan, Korea, and Taiwan, Zoran may be contacted on the World Wide Web at http://www.zoran.com/ or at 408-523-6500.
NOTE: Zoran, the Zoran logo, SupraHD, and Cascade are trademarks or registered trademarks of Zoran Corporation and/or its subsidiaries in the United States and/or other countries. All other names and brands may be claimed as property of others.Zoran Corporation
CONTACT: Betty Watkins of Zoran Corporation, +1-408-523-4373, or
Web site: http://www.sanyo.com/
Web site: http://www.zoran.com/
ENGLEWOOD, Colo., July 26 /PRNewswire-FirstCall/ -- TeleTech Holdings, Inc. , a leading global business process outsourcing (BPO) provider, today announced that a Fortune 100 healthcare services provider has signed an agreement to provide customer management services to benefits and eligibility customers.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050404/LAM124LOGO )
The client, one of the nation's largest health insurers, chose TeleTech for this work based on TeleTech's expertise in healthcare BPO in addition to its centralized infrastructure and exceptional facilities. Under the terms of the agreement, estimated at more than $20 million in future revenue, TeleTech will support customers with benefits and eligibility inquiries. After the successful launch of the first phase of the program, there may be significant opportunities available to TeleTech with the potential to expand the scope of work.
"The healthcare industry faces challenges that include severe cost pressure and the need for process improvement," said Kenneth Tuchman, chairman and chief executive officer of TeleTech. "TeleTech has a proven track record of solving these important business problems for companies in the healthcare industry. Our expertise played a key role in securing an agreement with this leading provider."
TeleTech, a pioneer in serving the healthcare industry, brings together advanced technologies and human capital to deliver superior return on investment to clients through high value innovative solutions. TeleTech assists clients in becoming agile by transforming their infrastructure and business processes to optimize existing assets, control costs, and produce new revenue streams. In addition to healthcare services clients, TeleTech provides inventive solutions and results across five other industries.
TeleTech is a leading global business process outsourcing (BPO) company that provides a full range of front-to-back office outsourced solutions including customer management, transaction-based processing, and database marketing services. TeleTech's comprehensive solutions include fully managed, OnDemand services including infrastructure, software, and business intelligence. TeleTech's ability to deliver innovative solutions globally over a centralized and standardized delivery platform ensures a high quality, consistent customer experience enabling clients to increase revenue, improve profitability, and develop stronger customer relationships around the world. TeleTech is a valued partner for clients that include Global 1000 businesses and governments. Nearly 60 percent of TeleTech's revenue is generated internationally with services offered in 150 languages from nearly every continent on the globe. For additional information, visit http://www.teletech.com/.
This press release may contain certain forward-looking statements relating to future results. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause TeleTech's and its subsidiaries' actual results to differ materially from those expressed or implied by such forward-looking statements, including but not limited to the following: our belief that we are continuing to see strong demand for our services and that sales cycles are shortening; risks associated with successfully integrating Direct Alliance Corporation and achieving anticipated future revenue growth, profitability, and synergies; estimated revenue from new, renewed, and expanded client business as volumes may not materialize as forecasted or be sufficient to achieve our Business Outlook; achieving expected profit improvement in our International BPO operations; the ability to close and ramp new business opportunities that are currently being pursued with existing clients and potential clients in order to achieve our Business Outlook; our ability to execute our growth plans, including sales of new products (such as TeleTech On Demand(TM) and TeleTech In Culture(TM); our ability to achieve our year-end 2006 and 2007 financial goals and targeted cost reductions set forth in our Business Outlook; the possibility of our Database Marketing and Consulting segment not increasing revenue, lowering costs, or returning to profitability; the possibility of lower revenue or price pressure from our clients experiencing a downturn or merger in their business; greater than anticipated competition in the Business Process Outsourcing ("BPO") and customer management market, causing adverse pricing and more stringent contractual terms; risks associated with losing or not renewing client relationships, particularly large client agreements, or early termination of a client agreement; the risk of losing clients due to consolidation in the industries we serve; consumers' concerns or adverse publicity regarding our clients' products; our ability to find cost effective locations, obtain favorable lease terms, and build or retrofit facilities in a timely and economic manner; risks associated with business interruption due to weather or terrorist-related events; risks associated with attracting and retaining cost-effective labor at our customer management centers; the possibility of additional asset impairments and restructuring charges; risks associated with changes in foreign currency exchange rates; economic or political changes affecting the countries in which we operate; changes in accounting policies and practices promulgated by standard setting bodies; and new legislation or government regulation that impacts the BPO and customer management industry.
Please refer to the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2004 and Quarterly Report on Form 10-Q for the three months ended September 30, 2005, for a detailed discussion of factors discussed above and other important factors that may impact the Company's business, results of operations, financial condition, and cash flows. The Company assumes no obligation to update its forward-looking statements to reflect actual results or changes in factors affecting such forward-looking statements.Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050404/LAM124LOGO
CONTACT: Karen Breen, Investor Relations, +1-303-397-8592, or KC
Higgins, Public Relations, +1-303-397-8325, both of TeleTech Holdings, Inc.
Web site: http://www.teletech.com/
NEW YORK, July 26 /PRNewswire-FirstCall/ -- Hearst-Argyle Television, Inc. today announced a long-term agreement with Verizon providing retransmission consent for carriage over Verizon FiOS TV, its digital fiber- optic service, of Hearst-Argyle's television stations, WCVB-TV, Boston; WMUR-TV, Manchester, NH; WBAL-TV, Baltimore; and WMOR-TV, Tampa. The agreement includes video-on-demand (VoD) and high-definition digital (HDTV) rights to the stations' local programs and carriage of digital multicast programming.
WCVB and WMUR are ABC affiliates; WBAL is an NBC affiliate; WMOR is an independent station.
The stations are available to all FiOS TV customers in their respective markets. In the Boston region, WCVB and WMUR are available on channels 5 and 9 respectively in Woburn, Reading Lynnfield, Winchester, Burlington and North Reading, where Verizon has introduced FiOS TV service. Verizon also received video franchises for Tewksbury, Wakefield, Hamilton, Wenham, Ipswich and Stoneham, Mass., and will announce FiOS TV in those communities when it is available.
In Maryland, Verizon offers WBAL on channel 11 in parts of Clarksdale, Columbia and Ellicott City, and it has franchise authorization to launch FiOS TV in Anne Arundel County, Howard County, Bowie and Laurel.
In Florida, Verizon offers WMOR on channel 12 in parts of Tampa, Temple Terrace, and Hillsborough, Pasco and Manatee counties. It recently was awarded a franchise for Sarasota County.
"Popular local video content is essential to the success of program distributors, whether that distribution is over the broadcast airwaves, or via satellite, coaxial cable or fiber-optic lines," said David Barrett, Hearst- Argyle Television President and CEO. "Our TV stations are leading providers of branded local video content because of our commitment to localism, which is characterized by continual investment in high-quality local news coverage and other local programming. For this reason, our stations are among the most- watched TV channels in our markets."
WCVB-TV, Channel 5, is the #1 TV station in Boston, the nation's 5th- largest television market. WCVB's venerable newsmagazine, "Chronicle," approaching its 25th anniversary, is among the nation's most honored local TV programs and typically leads in its competitive primetime "access" time period. WMUR-TV, Channel 9, is situated in Manchester, New Hampshire, and is New Hampshire's leading TV station though is included by Nielsen within the Boston designated market area (DMA), making it part of a "duopoly" with WCVB. In April 2006, WMUR, which also airs a popular local version of "Chronicle," reached a milestone as its 6 p.m. newscast ranked #2, behind only WCVB, in Nielsen ratings in the key demographic category of Adults 25-54, despite reaching less than 20% of the Boston DMA. WMUR's coverage of the quadrennial New Hampshire presidential primaries, including nationally televised debates, has exemplified the quality of political-news coverage that has earned Hearst- Argyle Television and its stations three Walter Cronkite Awards for excellence in television political journalism, a distinction shared only by NBC's "Meet the Press."
WBAL-TV, Channel 11, a 2005 Peabody Award recipient, is the #1 TV station in Baltimore, the nation's 24th largest TV market, and consistently delivers leading ratings in all newscast time periods; "11 TV Hill," its locally produced community affairs roundtable show, also typically leads in the ratings in its timeslot. In May 2006, the station recorded its 13th consecutive Nielsen ratings "sweeps" victory for its 5pm, 6pm and 11pm newscasts, ranking it third among all top-25-market U.S. TV stations in this benchmark.
WMOR-TV, Channel 32, is a popular viewing destination for younger audiences in the fast-growing Tampa market and is noted for its strong commitment to community service. The station produces the local portion of the United Negro College Fund "Evening of Stars" annual broadcast. WMOR's Pool Patrol initiative, to help prevent childhood drowning, includes on-air safety vignettes and a coloring/activity book for kids. WMOR is a four-time recipient of the Governors' Award in association with the partnership for Drug Free Florida and the Florida office of Drug Control.
About Verizon FiOS TV
Verizon FiOS TV provides an array of digital video and music channels, two dozen high-definition channels, up to 2,500 on-demand titles and features such as FiOS TV Widgets, which supplies on-touch, on-demand access to real-time local weather and traffic. FiOS TV is delivered over Verizon's fiber-to-the- premises network, the largest of its kind in the country. Verizon offers FiOS TV in parts of seven states: California, Florida, Maryland, Massachusetts, New York, Virginia and Texas. It is adding new markets as it obtains franchises giving it the legal authority to do so.
Hearst-Argyle Television, Inc. owns 25 television stations, and manages an additional three television and two radio stations, in geographically diverse U.S. markets. The Company's television stations reach approximately 18% of U.S. TV households, making it one of America's largest television station groups. Hearst-Argyle owns 12 ABC-affiliated stations, and manages an additional ABC station owned by the Hearst Corporation, and is the largest ABC affiliate group. The Company also owns 10 NBC affiliates, and is the second- largest NBC affiliate owner, and owns two CBS affiliates. Hearst-Argyle Series A Common Stock trades on the New York Stock Exchange under the symbol "HTV." HTV debt is rated investment grade by Moody's (Baa3), Standard & Poor's (BBB-) and Fitch (BBB-), each with a stable outlook. The Company's Web address is http://www.hearstargyle.com/.Hearst-Argyle Television, Inc.
CONTACT: Thomas W. Campo, +1-212-887-6827, firstname.lastname@example.org
Web site: http://www.hearstargyle.com/
BUFFALO, N.Y., July 25 /PRNewswire-FirstCall/ -- CTG , an international information technology (IT) staffing, solutions, and application management company, today announced its financial results for the 2006 second quarter which ended on June 30, 2006. CTG reported 2006 second quarter revenue of $85.8 million, a 17.6% increase from 2005 second quarter revenue of $72.9 million. Operating income was $1.5 million in the second quarter of 2006, a 33.2% increase from $1.2 million in the 2005 second quarter. CTG's net income for the 2006 second quarter was $0.8 million or $0.05 per diluted share, an increase of 29.7% from 2005 second quarter net income of $0.6 million, or $0.04 per diluted share. Cash net income per share(1) for the 2006 second quarter was $1.0 million or $0.06 per diluted share, and excludes equity-based compensation expense of $0.1 million.
"As expected, CTG again reported quarterly double-digit revenue and earnings growth," said CTG Chairman and Chief Executive Officer James R. Boldt. "Demand from our clients in the quarter was strong for CTG's staffing, healthcare, testing, and information security offerings. As a result, we added another 100 people to our headcount this quarter, which now stands at approximately 3,800, a 500 person increase from a year ago. Overall, our focus on in-demand services and solutions in key growth vertical markets enabled CTG to achieve a strong first half despite a technology solutions market that remains below normal levels."
On July 24, 2006, the Company was informed by a significant customer of a reduction in their need for approximately 350 existing CTG staff. The reduction is not a result of CTG's performance but rather a change in our client's business needs. The reduction in staff will occur in the Company's lower margin Strategic Staffing business.
For the 2006 first half, CTG reported revenue of $169.4 million, a 19.6% increase from 2005 first half revenue of $141.6 million. Year-to-date operating income in 2006 was $3.1 million, 48.8% higher than $2.1 million in the same 2005 period. CTG's net income in the 2006 first half increased 44.1% to $1.6 million, or $0.09 per diluted share, from 2005 first half net income of $1.1 million, or $0.06 per diluted share. Cash net income per share(1) for the 2006 first half was $1.8 million or $0.11 per diluted share, and excludes equity-based compensation expense of $0.2 million.
During the 2006 second quarter, CTG repurchased 150,400 of its shares in open market transactions. CTG has repurchased a total of 608,900 shares since announcing a 1.0 million share repurchase authorization on May 12, 2005 in addition to an existing 210,000 share authorization. Mr. Boldt commented, "We believe CTG's shares are attractively valued and intend to continue actively repurchasing our shares." CTG's debt at 2006 second quarter end was $3.2 million, compared with $1.0 million at the end of the 2006 first quarter. The increase is reflective of the timing of the payment of the company's US bi-weekly payroll on the last day of the 2006 second quarter.
CTG provided guidance on its revenue and earnings forecasts for the 2006 third quarter and updated its guidance for 2006. Based on current business and market conditions and the expected reduction in billable headcount, CTG expects that for the third quarter of 2006 its revenue will range from $81.5 million to $83.5 million, cash net income per diluted share(1) will range from $0.04 to $0.06, and net income per diluted share will range from $0.03 to $0.05. CTG now expects that its 2006 revenue will range from $330 million to $340 million, an increase of 12 to 15 percent over 2005. The Company currently anticipates its 2006 net income per diluted share will be in the range of $0.17 to $0.21 per share, an increase of 21 to 50 percent over 2005. Cash net income per diluted share (1), which excludes the equity-based compensation expense, is currently projected to be $0.20 to $0.24 per diluted share.
Mr. Boldt concluded, "Even with the reduction in our billable headcount in the third quarter, CTG expects double digit increases in revenue and earnings over 2005 for the full year. We recently secured several major new business wins that will commence in the second half of the year. These projects include a healthcare transitional outsourcing contract, an expansion of our staffing relationship with a leading global personal computer manufacturer, new testing work in the financial services and life sciences verticals, and a ramp-up in the fourth quarter of the support we are providing on the United Kingdom national healthcare systems project. This new business is expected to somewhat mitigate the impact of the third quarter reduction in billable headcount."
Backed by 40 years' experience, CTG provides IT application management, consulting, software development and integration, and staffing solutions to help Global 2000 clients focus on their core businesses and use IT as a competitive advantage to excel in their markets. CTG combines in-depth understanding of our clients' businesses with a full range of integrated services and proprietary ISO 9001:2000-certified service methodologies. Our 3,800 IT professionals based in an international network of offices in North America and Europe have a proven track record of delivering solutions that work. More information about CTG is available on the Web at http://www.ctg.com/.
This document contains certain forward-looking statements concerning the Company's current expectations as to future growth. These statements are based upon a review of industry reports, current business conditions in the areas where the Company does business, the availability of qualified professional staff, the demand for the Company's services, and other factors that involve risk and uncertainty. As such, actual results may differ materially in response to a change in such factors. Such forward-looking statements should be read in conjunction with the Company's disclosures set forth in the Company's 2005 Form 10-K and Management's Discussion and Analysis section of the Company's 2005 annual report, which are incorporated by reference. The Company assumes no obligation to update the forward-looking information contained in this release.
(1) For the purposes of this calculation, cash net income per diluted share excludes equity-based compensation expense, net of income tax. Cash net income per diluted share is not a measurement calculated in accordance with U.S. Generally Accepted Accounting Principles (GAAP), and it is not intended to be a replacement for, or considered to be more important than, net income per diluted share calculated in accordance with GAAP.
CTG will hold a conference call on Wednesday July 26, 2006 at 10:00 AM Eastern Time to discuss its financial results and business strategy. CTG Chairman and Chief Executive Officer James R. Boldt will lead the call. Interested parties can dial in to 1-888-428-4474 between 9:45 AM and 9:50 AM and ask for the CTG conference call and identify James Boldt as the conference chairperson. A replay of the call will be available between 1:00 PM Eastern Time July 26, 2006 and 1:00 PM Eastern Time July 29, 2006 by dialing 1-800-475-6701 and entering the conference ID number 816209.
COMPUTER TASK GROUP, INCORPORATED (CTG) Condensed Consolidated Statements of Income (Unaudited) (amounts in thousands except per share data) For the Quarter Ended For the Two Quarters Ended June 30, July 1, June 30, July 1, 2006 2005 2006 2005 Revenue $85,765 $72,910 $169,408 $141,593 Direct costs 67,058 56,505 132,583 108,675 Selling, general and administrative expenses 17,164 15,247 33,721 30,832 Operating income 1,543 1,158 3,104 2,086 Net other expense (149) (372) (471) (594) Income before income taxes 1,394 786 2,633 1,492 Provision for income taxes 586 163 1,038 385 Net income $808 $623 $1,595 $1,107 Net income per share: Basic $0.05 $0.04 $0.10 $0.07 Diluted $0.05 $0.04 $0.09 $0.06 Weighted average shares outstanding: Basic 16,450 16,801 16,499 16,807 Diluted 16,847 17,029 16,839 17,136
Reconciliation of GAAP Diluted Earnings Per Share to Cash Net Income Per Share(1)
For the Quarter Ended For the Two Quarters Ended June 30, July 1, June 30, July 1, 2006 2005 2006 2005 Net income $808 $623 $1,595 $1,107 Equity-based compensation, net of income tax 144 - 234 - Cash net income $952 $623 $1,829 $1,107 Cash net income per share $0.06 $0.04 $0.11 $0.06 COMPUTER TASK GROUP, INCORPORATED (CTG) Condensed Consolidated Balance Sheets (Unaudited) (amounts in thousands) June 30, July 1, 2006 2005 Current Assets: Cash and cash equivalents $4,395 $2,686 Accounts receivable, net 52,718 65,069 Other current assets 3,912 4,086 Total Current Assets 61,025 71,841 Property and equipment, net 6,380 6,724 Goodwill 35,678 35,678 Other assets 8,676 6,851 Total Assets $111,759 $121,094 Current Liabilities: Accounts payable $8,308 $8,034 Accrued compensation 24,286 20,905 Other current liabilities 7,080 7,046 Total Current Liabilities 39,674 35,985 Long-term debt 3,150 18,800 Other liabilities 9,891 9,191 Shareholders' equity 59,044 57,118 Total Liabilities and Shareholders' Equity $111,759 $121,094
Today's news release, along with CTG news releases for the past year, is available on the Web at http://www.ctg.com/.
CONTACT: James R. Boldt, Chairman & Chief Executive Officer (716) 887-7244CTG
CONTACT: James R. Boldt, Chairman & Chief Executive Officer of CTG,
Web site: http://www.ctg.com/
MOUNTAIN VIEW, Calif., July 26 /PRNewswire-FirstCall/ -- Synopsys, Inc. , a world leader in semiconductor design software, today announced that it has donated a library of advanced SystemVerilog assertion checkers defined in the ARM-Synopsys Verification Methodology Manual (VMM) for SystemVerilog to Accellera, the electronic design automation (EDA) organization focused on EDA standards. Provided as SystemVerilog source code, the checkers included in this library have been widely used by design and verification engineers for the past few years to add SystemVerilog assertions (SVA) to their designs more quickly and more easily, enhancing engineering productivity. In addition, extensive functional coverage information within each checker has provided them with automatic enhancements to existing coverage metrics, fostering a more predictable verification process.
"As the SystemVerilog leader, Synopsys has provided its customers with advanced assertion checkers for several years to enable higher designer productivity and faster adoption of assertion-based verification," said Manoj Gandhi, senior vice president and general manager of the Verification Group at Synopsys, Inc. "Synopsys' donation to Accellera puts these proven checkers on a path to become an industry standard so that even more design and verification teams can achieve similar productivity benefits."
The donated library contains 20 unique assertion checkers, entirely complementary to Accellera's current OVL of assertion monitors. These checkers are used by designers and verification engineers to capture key attributes of their RTL designs. They are easy to use because they correspond directly to widely-used design elements such as arbiters, FIFOs, memories, registers, and handshake interfaces. For example, an engineer can simply connect the "assert_arbiter" checker directly to the request and grant lines of an arbiter, without having to consider which specific assertions and functional coverage points might be appropriate for arbitration logic. This reduces hours or days of effort down to a simple five-minute task to instantiate the checker. These checkers can be used with designs expressed in SystemVerilog, Verilog, VHDL, or mixed-language RTL.
"We are certainly in favor of assertion checkers, as they help SoC designers to complete their verification work more quickly," said Mike Turpin, chair of Accellera's OVL Technical Subcommittee and principal validation engineer at ARM. "Synopsys' donation of these additional checkers to become part of the OVL industry-standard library is to be applauded."
"The success of Accellera's OVL has shown that the industry benefits from a standard library to get 'jump-started' when adding assertions to their designs," said Shrenik Mehta, chairman of the board at Accellera. "This donation will benefit the industry at large, while raising the bar of assertion checkers with valuable coverage capabilities. We are delighted that they have chosen to share their customer-proven library with the rest of the industry through Accellera."
The next meeting of the OVL technical committee will be soliciting user input at the Design Automation Conference (DAC) in San Francisco, CA. The OVL committee is responsible for adding new checkers and incorporating new donations into the OVL standard. Participation in the committee is open to all DAC attendees and interested parties. This event will be held at the Marriott Hotel, Golden Gate Room B2 in San Francisco, CA, on Wednesday, July 26, 2006, from 1:30 p.m. to 3:30 p.m.
Synopsys, Inc. is a world leader in EDA software for semiconductor design. The company delivers technology-leading semiconductor design and verification platforms and IC manufacturing software products to the global electronics market, enabling the development and production of complex systems-on-chips (SoCs). Synopsys also provides intellectual property and design services to simplify the design process and accelerate time-to-market for its customers. Synopsys is headquartered in Mountain View, California and has offices in more than 60 locations throughout North America, Europe, Japan and Asia. Visit Synopsys online at http:/www.synopsys.com.
All trade names, trademarks or registered trademarks mentioned in this release are the intellectual property of their respective owners.
Editorial Contacts: Sheryl Gulizia Synopsys, Inc. 650-584-8635 email@example.com Angela Costa Edelman 650-429-2765 firstname.lastname@example.orgSynopsys, Inc.
CONTACT: Sheryl Gulizia of Synopsys, Inc., +1-650-584-8635 or
email@example.com; or Angela Costa of Edelman, +1-650-429-2765 or
firstname.lastname@example.org, for Synopsys, Inc.
Web site: http://www.synopsys.com/
MOUNTAIN VIEW, Calif., July 26 /PRNewswire-FirstCall/ -- Synopsys, Inc. , a world leader in semiconductor design software, announced that Electronic Tools Company (also known as E-Tools), a leader in EDA (Electronic Design Automation) data interchange tools and services, has received Synopsys' sixth annual Tenzing Norgay Interoperability Achievement Award for its key contributions to the parser for the open source Liberty(TM) library format. The Liberty parser developed by Electronic Tools Company is currently in use by over 50 EDA companies and 100 end-user companies.
Electronic Tools is a strong supporter of standards like the Liberty format, EDIF and XML. In 2000, Electronic Tools developed the first version of the Liberty open-source parser for use by the entire electronics industry. Over the past 6 years, Electronic Tools has consistently updated the Liberty parser, driven by extensions of the Liberty format and via enhancements from numerous Liberty parser users. The Liberty parser has greatly speeded widespread, high-quality use of Liberty in many commercial and in-house EDA tools, by offering a ready-made solution that ensures compliance to the standard and interoperability among other tools.
"We are honored to accept the Tenzing Norgay Interoperability Achievement Award for our technical contributions to the Liberty parser," said Antoine Bigirimana, president and CEO, Electronic Tools. "The goal of our interoperability work is to simplify and reduce the costs of EDA flow integration though standardization and integrated solutions. We are committed to providing our customers with cost-effective and highly flexible solutions for integrating, migrating, and archiving design data from various EDA platforms."
Liberty, the de facto standard in the EDA industry, was amongst the first to use an open source model for standardization. The standard has been adopted by more than 60 different vendors to provide the industry with a much-needed common library format. Currently, there are over 750 libraries available in the Liberty format, enabling accurate and comprehensive modeling of nanometer effects such as timing, noise, power, and test. Since its inception, Liberty has continued to evolve quickly including its latest enhancement, the Liberty Composite Current Source (CCS) modeling technology that is already seeing significant industry-wide momentum. The current version of Liberty can be downloaded at no cost via the Synopsys' TAP-in website: http://www.synopsys.com/partners/tapin/tapin_program.html.
When the Liberty format was provided through an open source channel, free to the industry, it provided a mechanism for use and evolution by a large community of users and developers. The transformation and adoption of the format thus increased geometrically as well as the rapid maturity and usefulness of the format. This led the way to adoption as open source became a key contribution to interoperability in EDA.
"Interoperability plays a key role in elevating designers to a higher level of productivity, just as the efforts of Tenzing Norgay, a Tibetan Sherpa who facilitated the first ascent to the top of Mount Everest," said Rich Goldman, vice president, Strategic Market Development at Synopsys. "Successful EDA interoperability is a collaborative effort and Electronic Tools has contributed to the movement with their interoperability work in several areas. Their important contributions to the Liberty parser are but one example of their work to bring open and effective tools to the EDA community. We congratulate Electronic Tools and on their receipt of this award and the interoperable solutions that complement the efforts of Synopsys and other companies that continue to push for even greater tool interoperability."
Synopsys, Inc. is a world leader in EDA software for semiconductor design. The company delivers technology-leading semiconductor design and verification platforms and IC manufacturing software products to the global electronics market, enabling the development and production of complex systems-on-chips (SoCs). Synopsys also provides intellectual property and design services to simplify the design process and accelerate time-to-market for its customers. Synopsys is headquartered in Mountain View, California and has offices in more than 60 locations throughout North America, Europe, Japan and Asia. Visit Synopsys online at http://www.synopsys.com/.
Synopsys is a registered trademark of Synopsys, Inc. Liberty is a trademark of Synopsys. TAP-in is a service trademark of Synopsys, Inc. Any other trademarks or registered trademarks mentioned in this release are the intellectual property of their respective owners.
Editorial Contacts: Sheryl Gulizia Synopsys, Inc. 650-584-8635 email@example.com Angela Costa Edelman 650-429-2765 Angela.Costa@edelman.comSynopsys, Inc.
CONTACT: Sheryl Gulizia of Synopsys, Inc., +1-650-584-8635 or
firstname.lastname@example.org; or Angela Costa of Edelman, +1-650-429-2765 or
Angela.Costa@edelman.com, for Synopsys, Inc.
Web site: http://www.synopsys.com/