Companies news of 2007-04-02 (page 1)
NAVTEQ Announces Consideration for Traffic.com Common Stock and Options
U.S. Auto Parts Network, Inc. Appoints Robert J. Majteles as Chairman of the Board of...
Telular Strengthens Management Team with the Addition of Experienced ExecutiveJoseph A....
Informatica Sets Date to Announce First Quarter Results
Cimetrix Announces 2006 Year-End Financial Results
Encryption: the New Frontier
Agile Announces General Availability of its Latest Agile 9.2 ReleaseAgile Enhances User...
Agilysys Acquires Stack Computer-- Premier Technology Integrator, with Strong Storage...
Ticketmaster Appoints Don Orris Regional Vice President for West Region of United States
AT&T négocie en vue d'investir dans Telecom Italia
Hittite Microwave Corporation to Release First Quarter 2007 Financial Results on April 26,...
Warwick Doctor Conducts Class From Atop Mount EverestVerizon's Revolutionary FiOS TV...
Arrow Enterprise Computing Solutions Announces New Management TeamNew structure reflects...
Schwab Launches Fundamental Index(TM) Mutual Funds
China Public Security Appoints William Ho as its Chief Financial Officer
Schwab Institutional Announces Second Annual Impact Awards(TM)New Pacesetter Award for...
Rogers Wireless Offers Canadian Mobile Users Fastest Access to the Internet With Option's...
Harris Corporation Names Industry Veteran Cheryl L. Janey President of Civil Programs in...
S1 Allies With Andera to Enable Seamless New Account Opening and FundingAndera's Online...
Protection One and IASG Successfully Close Merger, Join To Create a Market Leader in...
Media Advisory - Alliance Atlantis Communications Inc. Special Meeting of ShareholdersTSX:...
Provision Networks Expands Global Footprint and ScaleValue-Added Distributors Worldwide...
Verizon High Speed Internet Customers Can Now Benefit From Advanced Technical SupportWith...
Chelsio and AMCC Demonstrate Complete Low-Cost iSCSI Storage Solution at ESC 2007...
AT&T Announces 2007 AT&T Excelerator Grant Program in Alabama$9 Million Program Pledges To...
Consumers Can Get Verizon High Speed Internet at Price Comparable to Many Dial-Up PlansNew...
Synopsys Discovery AMS Delivers New Level of Performance and Accuracy for Integrated...
AsiaInfo to Hold Annual Meeting of Shareholders in Beijing, China on April 24, 2007
AMCC Selects TeamF1's Secure Gateway Solution-with Comprehensive UTM Capabilities-for...
NAVTEQ Announces Consideration for Traffic.com Common Stock and Options
CHICAGO, April 2 /PRNewswire-FirstCall/ -- NAVTEQ announced today the final results of the elections made by Traffic.com stockholders and option holders to be received in connection with NAVTEQ's acquisition of Traffic.com. Election results were as follows:
-- 46.5% and 82.9% of the Traffic.com shares and exchanged options,
respectively, elected to receive cash;
-- 48.7% and 5.2% of the Traffic.com shares and exchanged options,
respectively, elected to receive NAVTEQ common stock; and
-- 4.7% and 11.8% of the Traffic.com shares and exchanged options,
respectively, did not make a valid election.
Based on the election results and applying the pro-ration provisions set forth in the merger agreement to stay within the limitations of $49 million in total cash consideration and 4.3 million shares of NAVTEQ common stock in total stock consideration (less the shares of NAVTEQ common stock issued to holders of warrants to purchase shares of Traffic.com common stock that are exchanged for NAVTEQ common stock), the consideration to be received will be as follows:
-- stockholders making an election to receive cash will receive $4.65 in
cash and 0.098 shares of NAVTEQ common stock for each share of
Traffic.com;
-- stockholders making an election to receive stock will receive 0.235
shares of NAVTEQ common stock for each share of Traffic.com; and
-- non-electing stockholders will receive 0.235 shares of NAVTEQ common
stock for each share of Traffic.com.
The consideration with respect to exchanged Traffic.com options will equal the consideration for Traffic.com stock detailed above, net of exercise price and applicable withholdings. Exchanged Traffic.com warrants will receive 0.235 shares of NAVTEQ common stock for each underlying share of Traffic.com, net of exercise price.
NAVTEQ is a leading global provider of digital maps for vehicle navigation and location-based solutions and Traffic.com is a leading provider of personalized traffic information for drivers coast-to-coast.
About NAVTEQ
NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. NAVTEQ creates the digital maps and map content that power navigation and location-based services solutions around the world. The Chicago-based company was founded in 1985 and has approximately 2,200 employees located in 144 offices in 27 countries.
NAVTEQ is a trademark in the U.S. and other countries. All rights reserved.
About Traffic.com
Traffic.com is a leading provider of personalized traffic information for drivers coast-to-coast. Through the industry's most advanced data collection infrastructure, Traffic.com provides comprehensive coverage to 50 Designated Market Areas (DMAs) encompassing 83 of the most traffic congested U.S. cities. Traffic.com(R) solutions include predictive traffic trends, vehicle speeds, congestion levels, travel times, and delay times. Customers include broadcast media, interactive, portable navigation, data services businesses and government agencies, and solutions are delivered via radio, television, Web, wireless device, and in-vehicle navigation systems. Traffic.com's unique multi-platform distribution network creates unique, powerful branding opportunities for advertisers, enabling them to expand their reach and target consumers with useful, relevant content multiple times per day. Traffic.com's business partners include AOL, Comcast, Garmin International Inc., Microsoft, The Weather Channel, and XM Satellite Radio.
This document may include certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or words of similar meaning. The statements are based on our current beliefs or expectations and are inherently subject to various risks and uncertainties, including those set forth under "Item 1A. Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2006, as filed with the Securities and Exchange Commission.
Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. NAVTEQ does not undertake any obligation to update any forward-looking statements contained in this document.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060313/NAVTEQLOGO )
Photo: http://www.newscom.com/cgi-bin/prnh/20060313/NAVTEQLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
NAVTEQ
CONTACT: Jennifer Schuh of NAVTEQ Corporation, +1-312-894-3913, jennifer.schuh@navteq.com , or Bob Richter for NAVTEQ Corporation, +1-212-802-8588, bob@richtermedia.com ; or Investor Relations Contact: Thomas R. Fox of NAVTEQ Corporation, +1-312-894-7500, investorrelations@navteq.com
Web site: http://www.navteq.com/
U.S. Auto Parts Network, Inc. Appoints Robert J. Majteles as Chairman of the Board of Directors
CARSON, Calif., April 2 /PRNewswire-FirstCall/ -- U.S. Auto Parts Network, Inc. , a leading online provider of aftermarket auto parts and accessories, today announced it has appointed Robert J. Majteles to serve as the Chairman of the Board of the Company's Board of Directors.
"I am looking forward to working closely with Rob as we continue to build U.S. Auto Parts," said Mehran Nia, President and Chief Executive Officer. "We are growing rapidly and I am excited to have Rob's help in ensuring that we grow in a manner that provides sustainable, long-term benefit to all of our stockholders."
"I have known Rob for many years," said Frederic W. Harman of Oak Investment Partners, the Company's largest institutional investor. "Although he just joined the Company's Board of Directors prior to our initial public offering, I am confident Rob will be a tremendous asset to U.S. Auto Parts and its leadership team as we continue to build the Company. We anticipate that Rob's operating experience as a former chief executive officer of several companies and his experience as an investor, as well as an active board member in a number of privately-held and publicly-traded companies will be invaluable to the Company."
Mr. Majteles is the founder of Treehouse Capital, LLC, an investment firm. Through Treehouse, Mr. Majteles joins the boards of his portfolio companies and becomes an active board member, typically embracing and extending the management teams of those companies as they work to create world-class returns for their shareholders. Prior to launching Treehouse, Mr. Majteles was a successful chief executive officer of three different technology companies, and was an investment banker and a mergers and acquisitions attorney. In addition to leading Treehouse, Mr. Majteles is a Lecturer at the Haas School of Business, University of California, Berkeley and at Stanford Law School, Stanford University.
"I am honored to serve as the Chairman of the Board of U.S. Auto Parts," said Robert J. Majteles. "U.S. Auto Parts has a strong management team and is well positioned as an online industry leader in the auto parts market. I look forward to working closely with the Company's executive team and Board of Directors."
About U.S. Auto Parts Network, Inc.
Established in 1995, U.S. Auto Parts is a leading online provider of aftermarket auto parts, including body parts, engine parts, performance parts and accessories. Through the Company's network of websites, U.S. Auto Parts provides individual consumers with a comprehensive selection of approximately 550,000 competitively priced products which are mapped by a proprietary product database to over 4.3 million product applications based on vehicle makes, models and years. U.S. Auto Parts' flagship websites are located at http://www.partstrain.com/ and http://www.autopartswarehouse.com/ and the Company's corporate website is located at http://www.usautoparts.net/.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are based on management's current expectations, estimates and projections about the Company's business and its industry, as well as certain assumptions made by the Company. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will" and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, the Company's expectations regarding the impact of the Company's new Chairman of the Board, the Company's long-term prospects, future financial operating results and potential growth. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Important factors that may cause such a difference include, but are not limited to, the demand for and pricing of the Company's products; the competitive environment in the Company's industry; the Company's ability to expand its product offerings; the time and effort that the new Chairman commits to the Company; the Company's ability to control costs and meet the analysts' expectations; potential litigation or regulatory inquiries; changes in general economic or market conditions; and other factors discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"), including the Risk Factors contained in the Company's Annual Report on Form 10-K, and available at http://www.usautoparts.net/ and the SEC's website at http://www.sec.gov/. You are urged to consider these factors carefully in evaluating the forward-looking statements in this release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. Unless otherwise required by law, the Company expressly disclaims any obligation to update publicly any forward-looking statements, whether as result of new information, future events or otherwise.
Investor Contacts:
Michael McClane, Chief Financial Officer
U.S. Auto Parts Network, Inc.
michael@usautoparts.com
(310) 735-0085
Anne Rakunas / Laura Foster
Integrated Corporate Relations, Inc.
(310) 954-1100
anne.rakunas@icrinc.com
laura.foster@icrinc.com
Media Contacts:
Megan McDonnell / Matt Lindberg
Integrated Corporate Relations, Inc.
(203) 682-8200
megan.mcdonnell@icrinc.com
matthew.lindberg@icrinc.com
U.S. Auto Parts Network, Inc.
CONTACT: Investors, Michael McClane, Chief Financial Officer of U.S. Auto Parts Network, Inc., +1-310-735-0085, michael@usautoparts.com; or Anne Rakunas, anne.rakunas@icrinc.com, or Laura Foster, laura.foster@icrinc.com, both of Integrated Corporate Relations, Inc., +1-310-954-1100, for U.S. Auto Parts Network, Inc.; or Media, Megan McDonnell, megan.mcdonnell@icrinc.com, or Matt Lindberg, matthew.lindberg@icrinc.com, both of Integrated Corporate Relations, Inc., +1-203-682-8200, for U.S. Auto Parts Network, Inc.
Web site: http://www.usautoparts.net/
Telular Strengthens Management Team with the Addition of Experienced ExecutiveJoseph A. Beatty Joins with 22 Years of Telecom and Wireless Experience as Chief Financial Officer
CHICAGO, April 2 /PRNewswire-FirstCall/ -- Telular Corporation today announced its intent to nominate Joseph A. Beatty as Chief Financial Officer and that Jeffrey Herrmann, current Chief Financial Officer, will be transitioning to full time Chief Operating Officer. Beatty adds a wealth of wireless and telecom experience to the CFO position. Most recently as President and CEO of Concourse Communications Group, LLC, an in building wireless services provider operating voice and data networks in large, public venues such as airports. The company was sold to Boingo Wireless, Inc. in June 2006. Before that, he was an advisor to a private equity firm, Cardinal Growth L.P., and acted as an Interim CFO for Novaxess B.V. Previously, he co-founded and was CFO of Focal Communications Corporation, a competitive local exchange carrier where he raised approximately $800 million in capital to fund the company and successfully led Focal in its initial public offering. Beatty is joining Telular effective today, April 2, 2007.
"We are delighted that Joe will be joining our team," said Mike Boyle, President and Chief Executive Officer of Telular Corporation. "I am confident his business acumen and breadth of experience will be instrumental in leading Telular's finance team as we continue to focus our business on the higher value Telguard business and growing market opportunity."
"Jeff is looking forward to dedicating all of his time to being COO, managing operations and administration and operating our FCP business. I believe the transition of both roles will be seamless and that we will benefit from adding to the talent here and depth of our management team," added Mr. Boyle.
About Telular Corporation
Telular Corporation is a leader in the design and manufacturing of wireless products. Telular's proprietary telecommunications interface technology enables standard phone, fax machines, computer modems or monitored alarm systems to utilize available cellular wireless service for either primary or back-up telecommunications. Their product lines incorporate the world's leading cellular standards and are marketed worldwide. Headquartered in Chicago Illinois, Telular has regional sales offices in Atlanta, Delhi, Mexico City, Miami and Singapore. For further company information, visit Telular at http://www.telular.com/ .
Please be advised that some of the information in this release presents the Company's intentions, beliefs, judgments and expectations of the future and are forward-looking statements. It is important to note that the Company's actual results could differ materially from these forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company's SEC filings, including but not limited to the Company's report on Form 10-K for the fiscal year ended September 30, 2006. Copies of these filings may be obtained by contacting the Company or the SEC.
Telular Corporation
CONTACT: Brinlea Johnson of The Blueshirt Group, +1-415-489-2189, brinlea@blueshirtgroup.com
Web site: http://www.telular.com/
Informatica Sets Date to Announce First Quarter Results
REDWOOD CITY, Calif., April 2 /PRNewswire-FirstCall/ -- Informatica Corporation , a leading provider of data integration software, today announced it will release its first quarter results on April 19, 2007 at 4:00 p.m. ET. The company will host a conference call at 5:00 p.m. ET to discuss the results. The call will be hosted by Sohaib Abbasi, chairman and CEO, and Earl Fry, executive vice president and CFO, and can be accessed on the company's Web site at http://www.informatica.com/investor.
About Informatica
Informatica Corporation is a leading provider of enterprise data integration software. Using Informatica products, companies can access, integrate, migrate and consolidate enterprise data across systems, processes and people to reduce complexity, ensure consistency and empower the business. More than 2,700 companies worldwide rely on Informatica for their end-to-end enterprise data integration needs. For more information, call 650-385-5000 (800-970-1179 in the U.S.), or visit http://www.informatica.com/.
NOTE: Informatica is a registered trademark of Informatica Corporation in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.
Informatica Corporation
CONTACT: media, Stacey Torman, +1-650-862-5389, or storman@informatica.com, or investors, Stephanie Wakefield, +1-650-385-5261, or swakefield@informatica.com, both of Informatica Corporation
Web site: http://www.informatica.com/
Cimetrix Announces 2006 Year-End Financial Results
SALT LAKE CITY, April 2 /PRNewswire-FirstCall/ -- Cimetrix, Inc. , a leading provider of factory automation software and solutions for the global semiconductor and electronics industries, today reported financial results for the year ended December 31, 2006.
Revenue for the fourth quarter increased 14% compared to the same period in 2005. Total revenue for 2006 increased 19% year-over-year to $5,556,000. Total operating costs in 2006 increased to $6,664,000 from $5,261,000 in 2005. The Company reported a net loss of $1,149,000, or $0.04 per basic and diluted share in 2006, compared to a net loss of $706,000, or $0.02 per basic and diluted share in 2005.
The year-over-year increase in revenue resulted from strong runtime software license sales associated with the shipment of equipment by the Company's equipment supplier customers, combined with across the board increases in professional services projects. The year-over-year increase in operating expenses was attributable to increased cost of revenues associated with the increase in professional services revenues, an increase in non-cash depreciation and amortization, which grew to $432,000 in 2006 from $191,000 in the prior year, and a charge of $350,000 during 2006 in non-cash, share-based compensation resulting from the adoption of SFAS 123R on January 1, 2006. Deprecation and amortization increased as a result of the acquisition of EFS Solutions in the fourth quarter of 2005, while the non-cash share-based compensation expense was not required in prior years. Without the increase in these two non-cash expenses, the Company's operating results would have improved comparatively from 2005.
"Although total revenue increased 19% year-over-year, two primary factors contributed to lower than anticipated results in 2006. First, the industry adoption of the Interface A standards by leading semiconductor integrated device manufacturers (IDMs) proceeded slower than anticipated. This resulted in lower than expected revenues for new software licenses. Second, several large end-user projects were delayed by customers and this resulted in lower than anticipated services revenue from our newly-formed Data Management Solution Center," said Bob Reback, president and CEO. "Our long-term strategy is on track. Today, 50% of the top-tier semiconductor equipment suppliers worldwide have now selected the CIMPortal(TM) product line for Interface A compliance and Cimetrix is viewed as the leader in semiconductor equipment connectivity. This positions us to receive a future stream of new software license revenue as IDMs start requiring Interface A on new tool deliveries."
"Additionally, Cimetrix's strategy to be the full solution provider to its existing base of semiconductor equipment supplier customers continues to make progress. In 2006, we achieved a significant increase in services revenue from our Original Equipment Manufacturer Solution Center (OEM Solution Center)," said Mr. Reback. "Each of these services projects will lead to new software license revenue as equipment suppliers begin shipping tools using Cimetrix's software that is embedded within the equipment control system."
2006 Highlights
* Strengthened reputation for providing "best-in-class" products for
semiconductor equipment suppliers with introduction of CIMPortal
product line.
o CIMPortal 1.0 released after one year of use in fab production
environments.
o Received Semiconductor International magazine's Editor's Choice
Best Product Award, joining CIMConnect(TM) and CIM300(TM) in
Cimetrix's family of award-winning connectivity products.
o Achieved new milestone with ten of the top 20 semiconductor
300mm equipment suppliers worldwide adopting Cimetrix
connectivity products.
* Expanded Global Services capabilities to provide better factory
automation and outsourcing with new OEM Solution Center.
* Launched new Data Management Solution Center, which we anticipate
will leverage Cimetrix's leadership with equipment suppliers into
new end user market opportunities.
Outlook for 2007
Industry analysts have estimated that the semiconductor equipment market will be flat to negative in 2007 as semiconductor chipmakers digest capital purchases made in 2006. However, Cimetrix is projecting a double-digit increase in year-over-year revenue as its growth initiatives gain momentum. The Company has a corporate goal to post positive EBITDA on a quarterly basis in 2007. "While the overall semiconductor capital equipment industry may be flat year-over-year, we expect to have another year of revenue growth," said Mr. Reback. "We entered the year with a strong backlog of professional services projects and a number of customer programs that will begin to ship in volume after the successful completion of development projects. We also expect continued growth in the Interface A marketplace where we have a leadership position, particularly as chipmakers begin more comprehensive implementation of this new standard."
About Cimetrix Incorporated
Cimetrix designs, develops, markets and supports factory automation software for the global semiconductor and electronics industries. Cimetrix's connectivity software allows equipment manufacturers to quickly implement the SECS/GEM standards, with over 10,000 connections shipped worldwide. It also provides solutions to meet the 300mm SEMI communications standards, with OEM customer installations in all major 300mm fabs, and products designed for the new Interface A standards. Cimetrix's PC-based motion control software is used by leading equipment manufacturers for demanding robotic applications. Cimetrix provides total solutions for its customers with engineering services and passionate technical support. Major products include CIMConnect(TM), CIM300(TM), CIMPortal and CODE(TM) (Cimetrix Open Development Environment). For more information, please visit http://www.cimetrix.com/.
Safe Harbor Statement:
The matters discussed in this news release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements about the Company's prospects for future growth and results of operations are forward- looking statements. The comments made by the Company's senior management in regards to future revenue and results are based on current expectations and involve risks and uncertainties that may adversely affect expected results including but not limited to capital expenditures by semiconductor chip manufacturers, market acceptance of the Company's products, the timing and degree of adoption of Interface A by the semiconductor industry, the ability of the Company to control its costs associated with providing products and services, the mix between products and services (which generally have higher associated costs of revenue) provided by the Company, the competitive position of the Company and its products, which include CODE, CIMConnect, CIM300 and CIMPortal product families, the economic climate in the markets in which the Company's products are sold, technological improvements, and other risks discussed more fully in filings by the Company with the Securities and Exchange Commission. Many of these factors are beyond the control of the Company. Reference is made to the Company's most recent filing on Form 10-K, which further details such risk factors.
CIMETRIX INCORPORATED AND SUBSIDIARIES
Consolidated Balance Sheets
December 31,
ASSETS 2006 2005
Current assets:
Cash and cash equivalents $313,000 $778,000
Accounts receivable, net 1,337,000 1,289,000
Inventories 11,000 -
Prepaid expenses and other current assets 45,000 61,000
Total current assets 1,706,000 2,128,000
Property and equipment, net 177,000 189,000
Intangible assets, net 563,000 894,000
Goodwill 64,000 64,000
Other assets 28,000 20,000
$2,538,000 $3,295,000
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $153,000 $162,000
Accrued expenses 378,000 269,000
Deferred revenue 614,000 405,000
Current portion of notes payable -
related parties, net - 199,000
Current portion of notes payable, net 25,000 502,000
Total current liabilities 1,170,000 1,537,000
Long-term liabilities:
Notes payable - related parties, net 154,000 -
Notes payable, net 292,000 -
Total long-term liabilities 446,000 -
Total liabilities 1,616,000 1,537,000
Commitments and contingencies
Stockholders' equity:
Common stock; $.0001 par value, 100,000,000
shares authorized, 31,952,432 shares issued 3,000 3,000
Additional paid-in capital 31,753,000 31,440,000
Treasury stock, at cost (49,000) (49,000)
Accumulated deficit (30,785,000) (29,636,000)
Total stockholders' equity 922,000 1,758,000
$2,538,000 $3,295,000
CIMETRIX INCORPORATED AND SUBSIDIARIES
Consolidated Statements of Operations
Years Ended December 31,
2006 2005 2004
Revenues:
New software licenses $2,783,000 $2,649,000 $2,841,000
Software license updates
and product support 1,095,000 1,098,000 902,000
Total software revenues 3,878,000 3,747,000 3,743,000
Professional services 1,678,000 923,000 799,000
Total revenues 5,556,000 4,670,000 4,542,000
Operating costs and expenses:
Cost of revenues 2,275,000 1,539,000 1,338,000
Sales and marketing 1,234,000 1,028,000 948,000
Research and development 1,037,000 1,153,000 718,000
General and administrative 1,686,000 1,350,000 1,016,000
Depreciation and
amortization 432,000 191,000 131,000
Total operating costs
and expenses 6,664,000 5,261,000 4,151,000
Income (loss) from
operations (1,108,000) (591,000) 391,000
Other income (expense):
Interest income 26,000 42,000 12,000
Interest expense (72,000) (165,000) (269,000)
Gain on extinguishment
of debt - 8,000 22,000
Other income (expense) 5,000 - 8,000
Total other expense, net (41,000) (115,000) (227,000)
Income (loss) before
income taxes (1,149,000) (706,000) 164,000
Provision for income taxes - - -
Net income (loss) $(1,149,000) $(706,000) $164,000
Income (loss) per common share:
Basic $(0.04) $(0.02) $0.01
Diluted $(0.04) $(0.02) $0.01
Weighted average number of
shares outstanding:
Basic 31,927,000 30,458,000 27,730,000
Diluted 31,927,000 30,458,000 28,311,000
Cimetrix, Inc.
CONTACT: company, Dave Faulkner of Cimetrix, Incorporated, +1-801-256-6500, fax, +1-801-256-6510, dave.faulkner@cimetrix.com; or media & analysts, Stew Chalmers of Positio Public Relations, +1-408-453-2400, fax, +1-408-453-2404, stew@positio.com, for Cimetrix, Incorporated
Web site: http://www.cimetrix.com/
Encryption: the New Frontier
SARASOTA, Fla., April 2 /PRNewswire-FirstCall/ -- Compress Technologies, Inc. , is a technology-based company with patented and protected applications that improve bandwidth and Network Topographies. CTLG's CEO, John Medico, today announced the company's planned development for release in 2007 of a new cryptology transmission method that will revolutionize and insure the safe transmission of date in the fields of security, finance, medical, DNA data, military, government, banking and many more applications.
CTLG has worldwide exclusive rights to US patent 6,748,022. This patent and other related technologies are the foundation of this development.
CTLG believes this technology application will prove to be the most secure methodology for the safe transmission of all types of sensitive data.
ABOUT COMPRESS TECHNOLOGIES, INC. -- Compress Technologies, Inc., (CTLG), is a Nevada based technology company with regional offices in the Tampa, Florida area and Engineering laboratories in Miami, Florida. CTLG has garnered a group of Patented and protected core technology solutions utilizing both hardware and software applications designed to greatly improve the efficiencies of bandwidth and Network Topographies for the Cable TV, FM-SCA Radio, Satellite and Wireless Industries. Many of CTLG's technologies in short claim that they "without loss of integrity shrink the size of bandwidth for digital packets to about 2% to 5% of their original size."
You may have heard of HD or "High Definition" radio being advertised as the new wave of radio. CTLG's technology goes beyond High Definition to HDE (High Definition Expanded) radio. CTLG's High Definition Expanded radio offers more than just one or two new programs next to an existing FM radio station. Currently CTLG engineers have developed HDE to 15 channels and expect soon move the capacity to (50) fifty MPEG 3 fully digital channels next to an existing FM radio station.
CTLG is in various stages of negotiations with several potential major companies interested in CTLG's application technology for International and Domestic deployment.
ADDITIONAL INFORMATION about Compress Technologies, Inc., as well as Corporate structure and stock capitalization, can be viewed on the Company's Web site: http://www.coteinc.com/.
SAFE HARBOR
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by Compress Technologies, Inc. are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward- looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Compress Technologies, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition.
Compress Technologies, Inc.
CONTACT: John Medico, CEO of Compress Technologies, Inc., +1-941-373-1335, ceo@coteinc.com, or Investor Relations information: investor_relations@coteinc.com
Web site: http://www.coteinc.com/
Agile Announces General Availability of its Latest Agile 9.2 ReleaseAgile Enhances User Experience, Enriches Decision Support and Better Enables the Global Product Network with Latest Version of Leading PLM Solution
SAN JOSE, Calif., April 2 /PRNewswire-FirstCall/ -- Agile Software Corporation , a leading provider of product lifecycle management (PLM) solutions, today announced the general availability of its latest version of the Agile 9.2 product line. The release, Agile 9.2.2, provides a broad and rich set of new capabilities that better enable companies to automate cross-functional business processes and promote secure collaboration across global operations and outsourced partners. Embedded and enriched decision support capabilities in the release help companies to make better strategic and operational decisions about their products. Also featured in the release is an enhanced and streamlined user experience, which improves usability and performance to drive user adoption and efficiencies.
"As one of the world's leading providers of advanced semiconductor solutions, Micron has relied on Agile PLM to build a solid product development process and consistently execute against it," said Dean Klein, vice president of market development for Micron. "The increased visibility into our product portfolio has allowed us to optimize and improve our business processes, product selection process and product success ratios. We look forward to this latest release of Agile 9.2, which delivers exciting new decision support capabilities to help us continue to make better product decisions, and improved usability, which will continue to drive adoption of Agile PLM within Micron and across our extended product network."
"Agile has traditionally been recognized for its support of engineering- to-manufacturing business processes across a supply network, particularly related to high-tech electronics product-related businesses," said Ed Miller, president, CIMData. "The new Agile 9.2.2 continues with this theme and includes numerous enhancements to improve the user experience and significantly expand its embedded decision support capabilities. Agile customers should benefit from these new capabilities and the expanded breadth and flexibility offered to support daily decision-making operations."
Latest Release Delivers Powerful New and Enhanced Capabilities Across the Agile 9.2 Product Line
-- Intuitive and Innovative Enhancements Improve Overall Agile User Experience
The latest Agile 9.2 release incorporates a host of new and improved capabilities, which make interacting with the Agile product easier and more intuitive to help drive user adoption. Streamlined user interface and navigation simplify the process of accessing valuable product record information. Project summary pages, bookmarks and quick-links enable users to quickly access frequently used information. Powerful parametric search and virtual classification make design reuse fast and simple.
-- Embedded Decision Support Provides Greater Visibility and Enables Better Decision Making
The out-of-the-box, extensible decision support capabilities now available in the latest version of Agile 9.2 offers customers an opportunity to drive significant value to their businesses. Personalized, easily configurable dashboards provide insights and views into the enterprise product record for both executives and those in operational roles. Event-based subscriptions provide users with proactive, exception-based notifications as to product lifecycle status. Pre-packaged PLM performance and analytic applications, specifically in the areas of product quality and portfolio management, deliver rapid time-to-value, clear executive-level visibility, and proactive analysis of PLM process performance. All of these next generation decision support capabilities provide customers with more insight than ever before, arming them with the critical information needed to make better product development and portfolio decisions.
-- Cross-Functional Business Process Automation and Collaboration Enables the Global Product Network
Agile 9.2 provides industry-leading business process and collaboration capabilities, enabling companies and their product networks to securely manage and collaborate on shared business processes. Enhanced and significantly expanded relationship capabilities connect and fully automate end-to-end business processing across functions and enterprises. Agile provides a number of out-of-the-box best practice relationship capabilities, and customers can easily configure their own relationships based on their specific business practices, without any code or customizations. Additionally, enhancements to the Agile Product Portfolio Management (PPM) application allows companies to better coordinate deliverables, tasks, and schedules across organizations, global sites and partners. Synchronization of the deployment and timing of activities and resources across the product network improves the ability of manufacturers to manage their product portfolio, reducing costs, maximizing resources and improving time to market.
-- Comprehensive Integration and Extensibility Capabilities Allow Users to Leverage Current Information and Streamline Business Processes
Agile has continued to enhance the capabilities introduced in the Agile 9 platform, built on open industry standards, to better enable customers to share information with other enterprise systems. In this current release, Agile allows customers to better leverage the Internet and public product data sources to streamline the design for cost and compliance business processes. Agile PLM seamlessly connects to part catalog information, retrieving timely information such as part cost, end of life, and compliance attributes. These capabilities, combined with robust, standards based integration services that enable data and business process connectivity to upstream design systems and downstream execution systems, help companies better develop and introduce products across complex design and supply chains.
"PLM is taking on a broader and more strategic role at manufacturing companies by improving processes across global design and supply chains, including compliance, cost management, new product development and introduction, quality, and outsourcing," said Jim Brown, vice president, Global Product Innovation, Aberdeen Group. "Global manufacturers are also facing increased complexities across their supply chains, their design networks, and within their own product portfolios. In order to address these complexities and stay competitive, best in class companies will continue to adopt PLM solutions that will enable decision support and portfolio management, leading to greater product profitability."
"At Agile, we are laser-focused on the success of our customers. This latest version of Agile came to fruition through the valuable input and collaborative efforts of our customers," said Jay Fulcher, Agile president and CEO. "Agile PLM solutions enable companies to accelerate product innovation and maximize product profitability by managing the information, processes and decisions about their products, throughout their product lifecycle and across their global product network. This release of Agile 9.2 greatly improves the overall user experience for our customers and more broadly enables cross- functional business process automation and collaboration. The functional enhancements of this release, coupled with the embedded decision support capabilities, are unique and unprecedented in PLM."
About Agile Software Corporation
Agile Software Corporation helps companies drive profits, accelerate innovation, improve quality, enable globalization and ensure regulatory compliance throughout the product lifecycle. With a broad suite of enterprise class PLM solutions and time-to-value focused implementations, Agile helps companies get the most from their products. 3COM, Acer, Bayer, Broadcom, CooperVision, Dell Inc., Flextronics International, Foxconn, GE Medical Systems, Harris, Heinz, Johnson & Johnson, Johnson Diversey, Lockheed Martin, McAfee, McDonald's, Micron, Philips, QUALCOMM, Sharp, Shell, Siemens and ZF are among the over 11,000 customers in the automotive, aerospace and defense, consumer packaged goods, electronics, high tech, industrial products, and life sciences industries that have licensed Agile solutions. For more information, call 408-284-4000 or visit http://www.agile.com/.
SAFE HARBOR STATEMENT: This press release contains "forward-looking statements" as defined under securities laws, including statements relating to the functionality, capabilities, performance characteristics and profit driving potential of Agile 9.2.2, and the ability of Agile 9.2.2 to meet customer expectations and needs. Actual results may differ materially and adversely from those expressed in any forward-looking statements. Forward- looking statements address matters that are subject to a number of risks and uncertainties that can cause actual results to differ materially. Such risks and uncertainties include, but are not limited to: our ability to ensure that Agile 9.2.2 provides all of the attributes described in this release; customer rate of adoption of new technologies, and Agile 9.2.2 in particular; risks inherent in the implementation of complex technology; the timing and competitiveness of new product releases by the Company's competitors; overall spending patterns for enterprise software in general and for PLM in particular; and other risk factors detailed in the Company's filings with the Securities and Exchange Commission. For additional information regarding the risks inherent in our business, please see "Risk Factors" included in our Annual Report on Form 10-K for the year ended April 30, 2006, as filed with the Securities and Exchange Commission. We undertake no obligation to revise our forward-looking statements to reflect events or circumstances after the date hereof as a result of new information, future events or otherwise.
NOTE: Agile, Agile Software and the Agile logo are registered trademarks and Agile On Demand, Agile Advantage, Agile Product Collaboration, Agile Product Cost Management, Agile Product Governance & Compliance, Agile Product Quality Management, Agile Product Portfolio Management, Agile Engineering Collaboration, Agile Product Interchange and AgileMD are trademarks of Agile Software Corporation in the U.S. and/or other countries. All other brand or product names are trademarks and registered trademarks of their respective holders.
Agile Software Corporation
CONTACT: Terri Pruett of Agile Software Corporation, +1-408-284-4048, or Terri.Pruett@agile.com
Web site: http://www.agile.com/
Agilysys Acquires Stack Computer-- Premier Technology Integrator, with Strong Storage Focus, Significantly Enhances Agilysys Technology Solutions Offering and Geographic Footprint-- Agilysys Professional Services and Stack's Industry-Renowned Technical Solutions to Form Core of Agilysys High-Value Technical Services Offering-- Acquisition Underscores New Strategic Direction After Divestiture of KeyLink Systems Distribution Business
BOCA RATON, Fla., April 2 /PRNewswire-FirstCall/ -- Agilysys, Inc. , a leading provider of innovative IT solutions, today announced it has acquired Stack Computer, a privately held company based in Irvine, Calif. Stack is a premier technology integrator with a strong focus in high availability storage infrastructure solutions. Stack's customers, primarily concentrated on the West Coast, include leading corporations in the financial services, healthcare and manufacturing industries.
Stack also operates a highly sophisticated solution center, which is used to emulate customer IT environments, train staff and evaluate technology. The center allows customers to preview and test their solution designs prior to implementation. This facility has enabled Stack to position itself as the number one Advanced Customer Test and Beta Site for EMC for the past six years. In addition, the center allows Stack to test and evaluate SAN products for both Cisco and Veritas, along with other suppliers. Agilysys plans to make this facility available to current and future customers for testing and providing proof of concept for various enterprise solutions.
"The acquisition of Stack strategically provides Agilysys with product solutions and services offerings that significantly enhance our existing storage and professional services businesses," said Arthur Rhein, chairman, president and chief executive officer of Agilysys. "As one of EMC's largest resellers, Stack has a deep bench of talented, technical experts with a vast array of knowledge to be leveraged. This acquisition epitomizes the strategic fit and focus that we are looking for in building shareholder and customer value following the just-completed divestiture of our former KeyLink Systems Distribution Business."
The purchase further diversifies the Agilysys supplier and revenue base and, combined with its business prior to the acquisition, positions Agilysys as a leading EMC storage partner. Agilysys now expects more than 13% of its revenues will be derived from EMC storage products and software.
Rhein said the acquisition also provides Agilysys an opportunity to sell Stack's industry-recognized storage-related services to Agilysys customers. Similarly, Stack customers will benefit from access to Agilysys current solutions offerings.
The $28 million transaction was funded by cash and closed earlier today. Stack has annual revenues of approximately $55 million and earnings before interest, taxes, depreciation and amortization ("EBITDA") margins of
approximately 8%. The company's product category sales mix consists of approximately 62% hardware, 27% software and 11% services.
Forward-Looking Language
Portions of this release, particularly the statements made by management and those that are not historical facts, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current assumptions and expectations, and are subject to risks and uncertainties, many of which are beyond the control of Agilysys. Many factors could cause Agilysys actual results to differ materially from those anticipated by the forward- looking statements. These factors include those referenced in the Annual Report on Form 10-K or as may be described from time to time in Agilysys subsequent SEC filings.
Potential factors that could cause actual results to differ materially from those expressed or implied by such statements include, but are not limited to, those relating to Agilysys anticipated revenue gains, sales volume, margin improvements, cost savings, and new product introductions.
Other associated risks include geographic factors, political and economic risks, the actions of Agilysys competitors, changes in economic or industry conditions or in the markets served by Agilysys, and the ability to appropriately integrate acquisitions, strategic alliances, and joint ventures.
In addition, this release contains time-sensitive information and reflects management's best analysis only as of the date of this release. Agilysys does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Information on the potential factors that could affect Agilysys actual results of operations is included in its filings with the Securities and Exchange Commission, including, but not limited to, its Annual Report on Form 10-K for the fiscal year ended March 31, 2006. Interested persons can obtain it free at the Securities and Exchange Commission's website, which is located at http://www.sec.gov/.
About Stack Computer
Stack Computer is a privately held S-corporation. From its inception, Stack's mission has been to drive sales through the development of extremely high-end technical consultants capable of delivering complex, fully integrated technology solutions for the most demanding IT customers. Stack's talented consulting team holds numerous technical and sales certifications from IBM, HP, Sun Microsystems, EMC, Brocade, StorageTek, Veritas, Cisco, VMware and others.
About Agilysys, Inc.
Agilysys is a leading provider of innovative IT solutions to corporate and public-sector customers, with special expertise in select vertical markets, including retail and hospitality. The company uses technology -- including hardware, software and services -- to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, and business continuity; and provides industry-specific software, services and expertise to the retail and hospitality markets. Headquartered in Boca Raton, Fla., Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom and China. For more information, visit http://www.agilysys.com/.
Agilysys, Inc.
CONTACT: Analysts-Investor Contact, Martin Ellis, Executive Vice President, Treasurer and Chief Financial Officer, +1-561-999-8780, martin.ellis@agilysys.com; or Media Contact, Julie Young, Director, Corporate Communications, +1-440-519-8160, or julie.young@agilysys.com, both of Agilysys, Inc.
Ticketmaster Appoints Don Orris Regional Vice President for West Region of United States
WEST HOLLYWOOD, Calif., April 2 /PRNewswire/ -- Ticketmaster, the world's leading ticketing company, has appointed Don Orris to the position of Regional Vice President for the company's West region of the United States. Mr. Orris will oversee all aspects of Ticketmaster's business operations in the Western region of the United States including California, Colorado, Hawaii, Nevada, Arizona, Washington, Oregon and New Mexico.
Mr. Orris joined Ticketmaster in 1988 and most recently served as Senior General Manager for the company's Dallas, TX regional operation. During his tenure at Ticketmaster, Mr. Orris has held a variety of management positions of increased responsibility, including General Manager posts for Ticketmaster's Pittsburgh, Denver and Dallas operations.
"Don is an eighteen year Ticketmaster veteran with outstanding knowledge of the live event industry and most importantly the ticketing business of our clients," said Mike McGee, EVP, North America Business Operations for Ticketmaster. "Don's move to the West will certainly infuse the region with valuable direction and innovation."
"I am honored to be given the opportunity to contribute to Ticketmaster's continued successes in this new role," said Mr. Orris. "I am excited to move to the company's Los Angeles offices and I plan to hit the ground running."
Mr. Orris will be located in Ticketmaster's Mid-Wilshire Los Angeles offices and he will continue to oversee the company's Dallas operations in the interim until the company names his replacement in that market.
About Ticketmaster:
Ticketmaster is the world's leading ticketing company, operating in 20 global markets, providing ticket sales, ticket resale services, marketing and distribution through http://www.ticketmaster.com/, one of the largest e-commerce sites on the Internet; approximately 6,500 retail outlets; and 20 worldwide call centers. Ticketmaster celebrated its 30th anniversary in 2006 and currently serves more than 9,000 clients worldwide across multiple event categories, providing exclusive ticketing services for hundreds of leading arenas, stadiums, performing arts venues, museums, and theaters. In 2006, the company sold more than 128 million tickets valued at over $7 billion on behalf of its clients. Ticketmaster is headquartered in West Hollywood, California and is an operating business of IAC .
Ticketmaster
CONTACT: Bonnie Poindexter of Ticketmaster, +1-310-360-2321
Web site: http://www.ticketmaster.com/
AT&T négocie en vue d'investir dans Telecom Italia
SAN ANTONIO, April 2 /PRNewswire/ --
AT&T Inc. (NYSE : T) a déclaré aujourd'hui qu'elle poursuit des
négociations en vue d'effectuer un investissement indirect dans la société
Telecom Italia S.p.A. L'offre d'AT&T consiste ŕ acquérir une participation
d'un tiers dans Olimpia S.p.A., une société de holding détenant environ 18
pour cent du capital de Telecom Italia, sous réserve de résultats
satisfaisants ŕ la procédure de vérification préalable d'AT&T, de l'accord
sur les conditions de la transaction et du respect des autres conditions.
Dans le cadre de ces négociations, America Movil, S.A.B. de C.V. (AMX)
envisage également l'acquisition d'une participation d'un tiers des parts
d'Olimpia. L'investissement d'AT&T dépend de l'investissement d'America
Movil.
AT&T négocie en vue de l'acquisition potentielle de la participation de
Pirelli & C S.p.A., qui détient 80 pour cent d'Olimpia. Olimpia ne détient
que des avoirs dans Telecom Italia.
L'évaluation des participations dans Olimpia qui font l'objet de la vente
éventuelle serait basée sur un prix par action Telecom Italia de 2,82 euros,
moins la dette nette d'Olimpia ŕ la date de rčglement de la transaction, sous
réserve du respect des conditions de l'offre.
En tant que société de télécommunications leader dans le monde dans les
domaines des réseaux sans fil, ŕ large bande et IP et disposant de clients
dans 137 pays, AT&T étudie en permanence les opportunités qui vont lui
permettre de répondre au mieux aux attentes de sa clientčle mondiale en
pleine croissance. AT&T estime que son éventuel investissement dans la
société Olimpia permettrait ŕ Telecom Italia de disposer d'un partenaire
stratégique avec lequel elle pourrait partager ses pratiques et poursuivre
des intérĂŞts communs.
AT&T a déjŕ prouvé par le passé sa compétence et son engagement lors de
ses investissements internationaux, dans ses accords de partenariat avec des
propriétaires et dirigeants locaux, et en travaillant avec les états pour
fournir aux consommateurs et aux entreprises des réseaux, produits et
services de télécommunications ŕ la pointe de l'innovation. Le partenariat
qu'a conclu AT&T avec Telmex il y a 17 ans est la parfaite illustration d'une
collaboration réussie qui a donné naissance ŕ l'un des réseaux de
télécommunications les plus modernes d'Amérique du Nord. Autre exemple, celui
de l'investissement d'AT&T en Afrique du Sud, qui a débouché sur une relation
mutuellement bénéfique qui a aidé tant les clients privés que professionnels.
Telecom Italia est un des principaux fournisseurs de services de
télécommunications en Europe avec une capitalisation boursičre d'environ 40
milliards d'euros (53,4 milliards de dollars). Il dispose de 24 millions de
connexions terrestres, 57,9 millions de connexions mobiles et 8,6 millions de
connexions haut débit, notamment des connexions sans fil au Brésil et des
connexions haut débit aux Pays-Bas, en France et en Allemagne.
AT&T, désignée << Company of the Year >> (Entreprise de l'année) en 2006
par le magazine Forbes, est une société leader dans les domaines de la
convergence, de l'intégration de réseaux et des applications permettant de
fournir des services aux << trois écrans >> les plus importants pour les
consommateurs : la télévision, l'ordinateur personnel et le périphérique sans
fil. AT&T prévoit d'engager 18 milliards de dollars d'investissements en 2007
pour renforcer ses réseaux sans fil, filaires et internationaux.
Remarque : Ce communiqué de presse d'AT&T ainsi que d'autres nouvelles
sont disponibles sous forme de flux RSS sur www.att.com/rss.
A propos d'AT&T
AT&T Inc. est une holding de premier plan dans le secteur des
télécommunications. Elle possčde des filiales et des sociétés affiliées, des
sociétés en exploitation, offrant leurs services sous la marque AT&T aux
Ătats-Unis et dans le monde entier. Les sociétés d'AT&T proposent les
services de communications IP pour les entreprises les plus innovants sur le
plan mondial et représentent le premier fournisseur américain de prestations
sans fil, d'accčs Internet haut débit et de services vocaux. Dans le cadre de
sa stratégie d'intégration des trois écrans, AT&T élargit ses offres de
divertissement vidéo qui comprendront des services de télévision de nouvelle
génération tels que AT&T U-verse(SM) TV. Aux Etats-Unis, AT&T détient les
sociétés Yellow Pages et YELLOWPAGES.COM., leaders dans l'édition d'annuaires
et la vente de publicité. La marque AT&T est utilisée sous licence par des
sociétés innovantes dans des domaines tels que les équipements de
communications. Des informations supplémentaires sur AT&T Inc. et sur les
produits et services qu'offrent les filiales et sociétés affiliées d'AT&T
sont disponibles sur http://www.att.com.
SAN ANTONIO, April 2 /PRNewswire/ --
AT&T et le logo AT&T sont des marques commerciales d'AT&T Knowledge
Ventures.
Site Web : http://www.att.com
http://www.att.com/rss
AT&T Inc.
Etats-Unis - Ashley Blaker pour AT&T, +1-210-351-5036, ashley.blaker@att.com, Europe - Niall Hickey, +44-771-577-1451, niall.hickey@att.com; Italie - Marco Palocci pour AT&T, +39-335-5648280, mpalocci@brunswickgroup.com
Hittite Microwave Corporation to Release First Quarter 2007 Financial Results on April 26, 2007
CHELMSFORD, Mass., April 2 /PRNewswire-FirstCall/ -- Hittite Microwave Corporation plans to announce its financial results for the first quarter ended March 31, 2007 after the close of market on Thursday, April 26, 2007. In conjunction with the release, Hittite Microwave will conduct a conference call at 5:00 p.m. ET on April 26, 2007, hosted by Mr. Stephen Daly, Chairman, President and Chief Executive Officer, and Mr. William Boecke, Vice President and Chief Financial Officer.
A live webcast of the call will be available online on the Hittite Microwave website. To access the live webcast, go to the Investor Relations page of the Hittite Microwave website at http://www.hittite.com/ and click on the webcast icon located under the Events Calendar. Hittite Microwave encourages each visitor to review the site prior to the call to ensure that the visitor's computer is configured properly. A telephonic replay of the call also will be available for one week after the live call by dialing (719) 457-0820, access code 4608250. The webcast replay of the call will also be available after the live call by visiting the Investor Relations page at http://www.hittite.com/.
About Hittite Microwave Corporation
Hittite Microwave is an innovative designer and developer of high-performance integrated circuits, or ICs, modules and subsystems for technically demanding radio frequency, or RF, microwave and millimeterwave applications. Products include amplifiers, attenuators, data converters, frequency dividers and detectors, frequency multipliers, mixers and converters, modulators and demodulators, oscillators, phase shifters, power detectors, sensors, switches and synthesizers. Hittite's products are used in a variety of applications and end markets including automotive, broadband, cellular infrastructure, fiber optic, microwave and millimeterwave communications, military, space, and test and measurement. The company utilizes radio frequency integrated circuits (RFIC), monolithic microwave integrated circuits (MMIC), multi-chip modules (MCM) and microwave integrated circuit (MIC) technologies. The company is headquartered in Chelmsford, MA.
Hittite Microwave Corporation
CONTACT: William W. Boecke, Vice President and Chief Financial Officer of Hittite Microwave Corporation, +1-978-250-3343
Web site: http://www.hittite.com/
Warwick Doctor Conducts Class From Atop Mount EverestVerizon's Revolutionary FiOS TV Supports Unique Social Studies Lesson
WARWICK, R.I., April 2 /PRNewswire/ -- Dr. Tim Warren, a Warwick chiropractor who is climbing Mount Everest for charity, will pause in his ascent Tuesday (April 3) to teach a social studies lesson to elementary school students in his home town and in other schools across the country. The students will be able to see and interact with Dr. Warren through a special TV hookup, using Verizon's FiOS Internet service.
Warren will appear on camera to conduct the 15-minute lesson, which is specifically designed for students at the Park Elementary School in Warwick, and answer the students' questions. In addition, an estimated 400 students from 12 schools in the United States will join the class by logging on to a Web site.
"This is going to be a once-in-a-lifetime experience not only for Dr. Tim but for all of the students who participate in the lesson," said Lillian McGee, Verizon regional director-public affairs. "They are so excited about being able to hear from and communicate with Tim from half a world away at one of the highest points on earth."
With the backing of Verizon and Telecom Pioneers of America, Warren set out last year to climb Mount Everest to raise money for A Wish Come True, an organization that grants wishes to children suffering from life-threatening illnesses. One of the highlights of Warren's excursion is Tuesday's classroom lesson.
"This Verizon/Pioneer groupwide project will integrate technology and information for school children throughout the Verizon Pioneer footprint," said Deb Foley, president of the Denver (Pa.) Chapter of the Verizon Telecomm Pioneers and one of the organizers of the Mount Everest Klimb For Kids event.
Warren will kick off the video webcast by explaining the technology being used, including the Verizon FiOS Internet connection that enables the broadband transmission. Warren will then talk about his climb, his base camp activities, and his plans for the next day and the duration of the climb. He will then answer questions from students.
Warren will also encourage students to learn more about his excursion by visiting his Web site (http://www.drtimwarren.com/), where he will be providing updates on his trip and answering student e-mails. Teachers in participating classrooms around the country will augment his lesson by using Verizon's Thinkfinity Web site, an online educational resource.
Thinkfinity.org is a free, comprehensive digital learning program. It includes authoritative, standards-based, K-12 educational resources, best-in- class literacy programs and rich professional development opportunities for educators. In partnership with leading educational and literacy organizations, Verizon Thinkfinity offers more than 55,000 resources for teachers and students, including lesson plans, interactive content and access to Web sites.
Warren, who has been making mountain climbs for many years, left Warwick for Mount Everest on March 15 and is due to return June 1.
Verizon, which is introducing its revolutionary new FiOS TV service in Rhode Island later this spring, provided a $15,000 grant to A Wish Come True to support Warren's climb. The Verizon Telecom Pioneers, a volunteer group of Verizon employees and retires, donated $4,000 to purchase the satellite broadcast equipment Warren is using for the event. The Pioneers also are coordinating efforts at their local schools.
In addition to the Park School in Warwick, other participating schools include: Cranston High School West, Cranston, R.I.; Visitation School, Philadelphia; St. Ignatious Loyola School, Hicksville, N.Y.; Ritchie Elementary School, Wheeling, W.Va.; Western School of Technology and Environmental Science, Baltimore; Clark School, Clark, N.J.; Stewartsville Elementary School, Goodview, Va.; Bedford Middle School, Bedford, Va.; Taft Elementary School, Uxbridge, Mass.; Union Hill School, Worcester, Mass.; Ellis School, Fremont, N.H.; and the Cocalico Middle School, Denver, Pa.
Verizon Communications Inc. , headquartered in New York, 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 more than 59 million customers nationwide. Verizon's Wireline operations include Verizon Business, which operates one of the most expansive wholly owned global IP networks, and Verizon Telecom, which is deploying the nation's most advanced fiber-optic network to deliver the benefits of converged communications, information and entertainment services to customers. A Dow 30 company, Verizon has a diverse workforce of approximately 242,000 and last year generated consolidated operating revenues of more than $88 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: Phil Santoro of Verizon, +1-617-743-4760, or philip.g.santoro@verizon.com
Web site: http://www.verizon.com/ http://www.drtimwarren.com/ http://www.verizon.com/news
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Arrow Enterprise Computing Solutions Announces New Management TeamNew structure reflects Arrow ECS' global leadership in computer products distribution industry
ENGLEWOOD, Colo., April 2 /PRNewswire/ -- Arrow Enterprise Computing Solutions (ECS) today announced a new management team that includes senior leaders from both Arrow ECS and the legacy KeyLink Systems Group (KSG). With this announcement, Arrow ECS has established global business units to oversee its IBM and software business.
"Through this and our other recent acquisitions, Arrow ECS is the No. 1 value-added distributor of enterprise products for HP and IBM, the No. 1 distributor of enterprise storage, and the No. 1 distributor of security and virtualization software," said Kevin Gilroy, president of Arrow ECS. "One of Arrow ECS' main attractions to KSG was the people who made that business so successful. Our new management team reflects a true integration of the best of both companies."
Gilroy continued: "The creation of global business units for our IBM and software business is not only a reflection of the significant opportunities that exist for Arrow ECS in these areas but also ensures that Arrow ECS is prepared to meet our partners' future needs as end-user demand for global service and solutions increases."
Due to the large scope of the global IBM business unit, Arrow ECS will retain the segmentation of the legacy Arrow ECS and KSG IBM groups. KSG will be fully integrated into all other business units across Arrow ECS.
The following executives have been appointed to lead Arrow ECS new global business units, effective immediately:
-- Eric Williams, vice president of the Arrow ECS' IBM group for Arrow
ECS' global IBM business unit
-- Mark Taylor, vice president of the Arrow KeyLink IBM group for Arrow
ECS' global IBM business unit
-- Lance Sedlak, director of retail services for Arrow ECS' global IBM
business unit
-- Matt Reaves, vice president of North American enterprise software for
Arrow ECS' global software business unit
-- John Szabo, vice president, Arrow KeyLink group, for Arrow ECS'
customer programs
Robert Boulet will continue to serve as vice president of Arrow ECS' storage group, which has been renamed the Arrow ECS North American storage business unit; Richard Severa will continue to serve as vice president of Arrow ECS' MOCA group, which has been renamed the Arrow ECS North American Sun business unit; and Andrew Bratton will continue to serve as vice president of Arrow ECS' government group.
Williams previously served as vice president of the Arrow ECS' legacy IBM group and was responsible for planning the strategic direction and overseeing daily operations for Arrow ECS' IBM business. Prior, he served as vice president of sales and product for Arrow's former Gates/Arrow division and as vice president of sales for Arrow/Schweber. He also is the former vice president of sales for Bell Industries. Williams will co-lead supplier, marketing and joint business strategies for Arrow ECS' IBM business with Taylor.
As vice president and general manager of the legacy KSG IBM business group, Taylor was responsible for field sales, profit and loss, and the overall growth and strategy for KSG's IBM business. Taylor joined Agilysys KSG in 1994 and held several positions during his tenure.
Sedlak previously established and served as general manager for Arrow ECS' legacy software group. Sedlak joined Arrow ECS in 2001 after managing the SGI business group for GE Access. He previously held positions ranging from vice president of sales to product management roles for Integration Alliance Corporation. In his new role, Sedlak will oversee business initiatives with the legacy KSG point-of-sale and retail services business.
Reaves is the former vice president for the legacy KSG software business unit, where he was responsible for all software sales, marketing and operations for all non-application specific products. Reaves joined Agilysys in 1990 and held several other positions with the company. Prior, he held positions at PTXI and Medical Information Systems, a value-added reseller (VAR). Reaves also previously owned his own VAR business.
John Szabo previously served as vice president of sales operations for KSG. He was with Agilysys for 14 years and has extensive asset management experience. He held various management positions within the company including resource center director and branch operations manager. In his current role, Szabo will manage inside sales for legacy KSG partners.
ABOUT ARROW ENTERPRISE COMPUTING SOLUTIONS
Arrow ECS, a business unit of Arrow Electronics, Inc. , provides enterprise and midrange computing products, services and solutions to value-added resellers, system integrators, and independent software vendors. Based in Englewood, Colo., Arrow ECS connects its customers to an exclusive network of the world's foremost technology suppliers, including HP, IBM, Sun Microsystems, EMC, NetApp, Hitachi Data Systems, and other leading storage networking, software, and security suppliers. Arrow ECS reported $2.5 billion in worldwide computer products sales in 2006. Visit us at http://www.arrowecs.com/.
Arrow Enterprise Computing Solutions
CONTACT: Dawn Small, Communications Manager of Arrow Enterprise Computing Solutions, +1-303-824-4188, dsmall@arrow.com
Web site: http://www.arrowecs.com/
Schwab Launches Fundamental Index(TM) Mutual Funds
SAN FRANCISCO, April 2 /PRNewswire-FirstCall/ -- With the introduction today of three Fundamental Index(TM) mutual funds from Schwab Funds(R), investors have a new alternative to traditional index funds. The Schwab Fundamental US Large Company Index Fund, the Schwab Fundamental US Small-Mid Company Index Fund, and the Schwab Fundamental International Large Company Index Fund are based on the FTSE RAFI(TM) Index Series(1). The new funds leverage the groundbreaking research of Robert D. Arnott and his company, Research Affiliates, as well as FTSE Group's global indexing expertise.
The Fundamental Index approach attempts to offset the risks of overexposure to inflated or understated valuations of individual equities that may occur in market capitalization-weighted indexing, subjecting an investor to the extremes of market cycles. Unlike traditional market capitalization weighted indexes, the FTSE RAFI Index Series selects and weights stocks based on four fundamental financial measures that better reflect underlying company strengths and potential for future performance: sales, cash flow, book value and dividends. This different approach provides the potential for higher investment returns with lower volatility.
"The Fundamental Index methodology is the most important innovation in passive investing since indexing was popularized in the 1970s," said Charles R. Schwab, chairman and CEO of The Charles Schwab Corporation. "Investors who need broad exposure to markets and diversification within their portfolios at a low cost are going to appreciate this new investment tool and its potential to capture greater return with lower volatility. I think we'll look back at this innovation as a watershed moment for the mutual fund investor and for the $5 trillion index fund industry."
Robert D. Arnott first introduced his concepts of fundamentally-derived indexes with the publication of his seminal research in 2005(2) in which he analyzed 45 years' worth of U.S. and international market data comparing results of capitalization-weighted versus fundamental indexing. His research laid the groundwork for the FTSE RAFI Indexes.
"The Fundamental Index reflects a more rational view of a company's success by looking at factors that are reliable signs of a company's strength, such as sales and profits, rather than a narrow view focused simply on how much the market thinks a company is worth," said Mr. Arnott. "Historical analysis shows that the traditional cap-weighting approach tends to overweight overvalued stocks and underweight undervalued stocks. While conventional indexes mirror the composition of the broad stock market, and so are drawn in by the fads, bubbles and crashes of the market, the Fundamental Index(TM) mirrors the composition of the broad economy."
By testing the concept over the last one-, three-, five-, 10- and 15-year periods, Arnott found that the FTSE RAFI U.S. 1000 Index would have outperformed both the Russell 1000(R) Index and the S&P 500(R) in all time periods.
"We are pleased that FTSE's partnership with Schwab makes it possible for investors to reap the benefits of the FTSE RAFI index for the first time in a non-exchange-traded equity mutual fund," said Jerry Moskowitz, president, FTSE Americas. "Now investors have access to the benefits of indexing, but with the advantage of achieving potentially higher investment returns."
Schwab's Fundamental Index funds are available through Schwab on a no-load, no transaction fee basis in three share classes. The Investor Shares have an expense ratio of 0.59 percent per year ($5.90/$1,000 invested) and a $2,500 minimum investment ($100 for custodial accounts, $1,000 for retirement and educational accounts); Select Shares have expenses of 0.44 percent and a $50,000 minimum. Because the funds were designed with investment advisors in mind, Schwab Funds is also offering an Institutional share class with expenses of 0.35 percent and a $500,000 minimum investment. Advisors may aggregate client funds to meet the investment minimums for Select and Institutional Shares. The share class expense ratios are guaranteed through February 27, 2009 (excluding interest, taxes and certain non-routine expenses).
Jeff Mortimer, senior vice president and chief investment officer of equities for Charles Schwab Investment Management, Inc., has overall responsibility for the management of the Schwab Fundamental Index(TM) Funds. He joined Schwab in 1997 after working for nine years in asset allocation and manager selection. Larry Mano, managing director and portfolio manager, and Tom Brown, portfolio manager, are responsible for day-to-day co-management of the funds. More information is available at http://www.schwabfunds.com/fundamentalindex/
About Charles Schwab Investment Management
Founded in 1991, Charles Schwab Investment Management, Inc., a subsidiary of the Charles Schwab Corporation, is one of the nation's largest asset management companies with $197 billion in assets under management as of Feb. 28, 2007. It is among the country's largest money market fund managers and is the third- largest provider of retail index funds. In addition to managing Schwab proprietary funds, CSIM provides oversight for the institutional-style, sub- advised Laudus Fund family. CSIM also manages over $1.3 billion in separately managed accounts as of Feb. 28, 2007. CSIM currently manages 69 mutual funds including 33 actively managed funds and five separate account model portfolios.
About Charles Schwab
The Charles Schwab Corporation (SCHW) is a leading provider of financial services, with more than 300 offices and 6.8 million client brokerage accounts, more than one million corporate retirement plan participants, 150,000 banking accounts, and $1.3 trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org/), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Schwab Institutional division. The Charles Schwab Bank, N.A. (member FDIC) provides banking and mortgage services and products. CyberTrader(R), Inc. (member SIPC, http://www.sipc.org/) is an electronic trading technology and brokerage firm providing services to highly active, online traders. More information is available at http://www.schwab.com/. (0407-6011)
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND DOES NOT INDICATE FUTURE RESULTS. INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE: THEREFORE, REDEMPTION OF SHARES MAY RESULT IN LOSS OF PRINCIPAL.
INVESTORS SHOULD CONSIDER CAREFULLY INFORMATION CONTAINED IN THE MUTUAL FUND PROSPECTUS, INCLUDING INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES. YOU CAN REQUEST A MUTUAL FUND PROSPECTUS BY CALLING SCHWAB AT 800-435-4000. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE INVESTING.
THE SCHWAB FUNDAMENTAL INDEX FUNDS DO NOT YET HAVE PERFORMANCE. PERFORMANCE OF THE FTSE RAFI INDEXES INCLUDE DATA THAT PREDATE THE INCEPTION OF THESE INDEXES. THEREFORE, PERFORMANCE MEASUREMENTS FOR THE INDEX PRIOR TO THE INCEPTION DATES ARE THE RESULTS OF BACK TESTED DATA AND REPRESENT WHAT THE INDEX MIGHT HAVE ACHIEVED, BUT DOES NOT REFLECT THE ACTUAL PERFORMANCE OF THE INDEX.
INDEX FIGURES DO NOT INCLUDE TRADING AND MANAGEMENT COSTS, WHICH WOULD LOWER PERFORMANCE OF THE FUNDS. INDEXES ARE UNMANAGED, AND YOU CANNOT INVEST IN THEM DIRECTLY. ALTHOUGH THE FUNDS SEEK TO DUPLICATE THE METHODOLOGY AND PERFORMANCE OF THE FTSE(TM) RAFI(TM) INDEXES, EXPENSES TAXES, TRADING COSTS AND ANY ADJUSTMENT TO THE INDEX METHODOLOGY WILL CAUSE THE TWO TO HAVE DIFFERENT PERFORMANCE RESULTS.
The Fund is not in any way sponsored, endorsed, sold or promoted by FTSE Limited ("FTSE") or by the London Stock Exchange Plc ("Exchange") or by the Financial Times Limited ("FT") or by Research Affiliates LLC ("RA"), and neither FTSE nor Exchange nor FT nor RA makes any warranty or representation whatsoever, expressly or implicitly, as to the results to be obtained from the use of the FTSE(TM) RAFI(TM) 1000 Index ("Index") and/or the figure at which the said index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSE in conjunction with RA; however, neither FTSE nor Exchange nor FT nor RA shall be liable (whether in negligence or otherwise) to any person for any error in the index, and neither FTSE nor the Exchange nor FT nor RA shall be under any obligation to advise an person of any error therein. FTSE, Rob Arnott and Research Affiliates are not affiliated with Charles Schwab & Co. its subsidiaries and affiliates and parents. The Fundamental Index(TM) and RAFI(TM) trade names and patent pending concept are the exclusive property of Research Affiliates LLC and are used by Charles Schwab Investment Management under license through FTSE(TM). Each Fund offers Select and investor share classes with lower investment minimums.
(1) FTSE is an independent company jointly owned by The Financial Times
and the London Stock Exchange and is the global distributor of the
FTSE RAFI Indexes. It calculates over 100,000 indexes covering 98% of
the world's investable market capitalization. It is estimated that
$2.5 trillion of assets are under management globally using FTSE
indexes. RAFI is the Research Affiliates Fundamental Index.
(2) Financial Analysts Journal, March/April 2005
Charles Schwab
CONTACT: Sondra Harris of Charles Schwab, +1-415-636-3292, or sondra.harris@schwab.com; or Melissa Murphy of SunStar PR, +1-703-894-1056, or mmurphy@isunstar.com, for Charles Schwab
Web site: http://www.schwab.com/
China Public Security Appoints William Ho as its Chief Financial Officer
SHENZHEN CITY, China, April 2 /Xinhua-PRNewswire-FirstCall/ -- China Public Security Technology, Inc., (BULLETIN BOARD: CPBY.OB) ("China Public Security" or "the Company"), a public security software and real-time Geographic Information System (GIS) solution provider in China, today announced the appointment of Mr. William Ho as their Chief Financial Officer, effective on March 30, 2007.
At this position, Mr. Ho will report directly to Mr. Jiang Huai Lin, China Public Security's Chief Executive Officer, and will be in charge of the company's overall financial planning and control, financial reporting and investor relations activities. Mr. Ho has served as China Public Security's Financial Controller since February 2007. Before joining China Public Security Mr. Ho was a Corporate Finance Executive for First Asia Finance Group Limited, responsible for advising clients on accounting, deal structure and tax issues associated with going public on the U.S. stock market. In that role, Mr. Ho successfully assisted several Chinese enterprises to go public on the OTCBB market. Prior to that, Mr. Ho served as an auditor in the Assurance and Advisory Services group of Deloitte Hong Kong and was responsible for assuring internal controls and advising clients on their accounting issues.
"We are delighted to have Mr. Ho as our Chief Financial Officer, as we continue to strengthen our management team to operate effectively as a public company. Mr. Ho's hands-on experience in providing financial and accounting leadership will be extremely valuable to the development of our company," remarked Mr. Jiang Huai Lin, China Public Security's Chief Executive Officer.
"As a new public company in the US, China Public Security is entering a very important phase of its development," remarked Mr. Ho. "I look forward to adding my financial management and capital markets expertise to help China Public Security develop to its full potential and to create lasting shareholder value," Mr. Ho said of his appointment.
About China Public Security Technology, Inc.
Through its indirect wholly-owned Chinese subsidiary, China Public Security Technology, Inc. is a public security software solution and real-time Geographic Information System (GIS) solution provider in China. The Company provides a broad portfolio of fully integrated products and services, including system design and database management for Police-Use GIS, Civil-Use GIS, and e-Government and other security related products. The Company currently has an exclusive license of 16 patents in China, through its exclusive business turnkey agreement with Shenzhen iASPEC Software Engineering Company Limited (iASPEC). Under this agreement the Company acts as iASPEC's exclusive subcontractor to key customers, including Shenzhen City Public Security Bureau, China Unicom Shenzhen Division, Shenzhen Urban Planning Bureau and the Shenzhen Fire Department. To learn more about the Company, please visit the corporate website at http://www.chinapsh.com/.
Safe Harbor Statement
This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov/). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Company Contact: Investor Relations Contact:
Mr. Michael Lin Mr. Crocker Coulson
Vice President, Investor Relations President
China Public Security Technology, Inc. CCG Elite Investor Relations
Tel: +1-949-743-0868 Tel: +1-646-213-1915 (NY office)
Email: mlin@chinapsh.com Email: crocker.coulson@ccgir.com
China Public Security Technology, Inc.
CONTACT: Mr. Michael Lin, Vice President, Investor Relations, China Public Security Technology, Inc., +1-949-743-0868, mlin@chinapsh.com; Mr. Crocker Coulson, President, CCG Elite Investor Relations, +1-646-213-1915 (NY office), crocker.coulson@ccgir.com
Web site: http://www.chinapsh.com/
Schwab Institutional Announces Second Annual Impact Awards(TM)New Pacesetter Award for Independent Advisors to Debut
SAN FRANCISCO, April 2 /PRNewswire-FirstCall/ -- Building on a successful program debut in 2006, Schwab Institutional, a leading provider of custodial, operational and trading support for more than 5,000 independent investment advisors, today began the call for nominations for its second annual IMPACT Awards(TM), an industry-wide awards program that honors independent advisors and firms. SEC-registered advisors who meet the eligibility guidelines are encouraged to participate - regardless of their custodial relationships. Nominations will be accepted April 2 through June 1, 2007 at http://impactawards.schwab.com/.
This year's IMPACT Awards program, which recognizes those who have advanced the independent investment advisory industry through their visionary leadership, operational excellence and technology innovation, will feature a new category, the Pacesetter Award, for an "up-and-coming" advisor. The Pacesetter Award will recognize an emerging, fast-growing independent investment advisory firm for accelerated growth and excellence in all aspects of their business.
"We know that advisors today place a tremendous amount of emphasis on growth," said Deborah Doyle McWhinney, president of Schwab Institutional. "We added the Pacesetter Award to the IMPACT Awards program to recognize the significant strides advisors are taking in terms of both planning for and achieving growth and to highlight the entrepreneurial spirit that is at the heart of how these advisors run their businesses."
Accounting and consulting firm Moss Adams LLP will score all entries and select the finalists. A distinguished panel of judges from across the business world and financial services industry will select the winners in each of four IMPACT Awards categories with final approval by Schwab Institutional:
-- A special award, The Charles R. Schwab IMPACT Award(TM), will honor an individual trailblazer whose sustained vision, outstanding leadership, client commitment and community engagement clearly demonstrate the value of independent investment advice.
-- The Best-in-Business Award will be presented to an independent investment advisory firm for excellence in business management and client services.
-- The Best-in-Tech Award will honor an independent investment advisory firm that serves as a model for success in harnessing technology to extend the reach, responsiveness and growth of its business.
-- The Pacesetter Award will recognize an independent investment advisory firm in business for 10 years or less that has realized accelerated growth through strategic management, innovative practices, and ongoing investments in business capabilities.
The IMPACT Awards will be presented at a ceremony at IMPACT(R) 2007, which will be held October 28-31, 2007 in Las Vegas, NV. This year's IMPACT conference also marks the culmination of an important milestone for Schwab Institutional -- its 20th anniversary serving the independent investment advisor industry. For the Charles R. Schwab IMPACT Award, Schwab Institutional will make a donation of $25,000 to a charitable organization of the honoree's choice. For the Best-in-Business, Best-in-Tech, and Pacesetter Awards, a donation of $10,000 will be made to a charity of the firm's choice.
Eligibility
SEC-registered independent investment advisory firms with primarily fee- based practices and at least $25 million in assets under management are eligible. To be considered for the Best-in-Business, Best-in-Tech and Pacesetter Awards, a firm must currently have a minimum of 75 percent of revenue from fees and at least 75 percent of its total client base as individual investors - or manage at least $100 million on behalf of individual investors. For the Best-in-Business Award, a firm must have been in business for at least 10 years. For the Best-in-Tech Award, a firm must have been in business for at least five years. For the Pacesetter Award, a firm must have been in business for 10 years or less.
Individuals considered for the Charles R. Schwab IMPACT Award must have at least 10 years of personal experience managing investments in securities as an independent investment advisor, providing investment advice to individual investors as an officer or employee of a Registered Investment Advisor (RIA). Individuals must also serve as a principal or founder of an independent investment advisory firm that meets the eligibility criteria noted for the other three awards.
How to Participate
Candidates for the Charles R. Schwab IMPACT Award will be identified only through peer nominations; self-nominations will not be considered. For the Best-in-Business, Best-in-Tech, and Pacesetter Awards, firms must submit themselves to be considered; firms cannot submit other firms. There is a limit of one nomination per award category.
For the Best-in-Business and Pacesetter Awards, firms must demonstrate measurable success in areas such as business strategy, practice management and employee development, and client loyalty. For the Best-in-Tech Award, firms must display success in technology strategy, operational efficiencies and client servicing. Charles R. Schwab IMPACT Award candidates will be considered for their leadership, business management, community engagement and other career distinctions.
There is no cost to participate in the IMPACT Awards program.
About the IMPACT Awards
Independent investment advisors have fundamentally changed the financial services landscape by providing independent advice to affluent investors. The IMPACT Awards, established by Schwab Institutional in 2006, recognize these contributions by honoring advisors and firms that have advanced the industry through their visionary leadership, operational excellence and technology innovation. The IMPACT Awards are judged by a panel of recognized experts and presented at IMPACT(R), one of the industry's leading conferences. For more information, visit http://impactawards.schwab.com/.
About Schwab Institutional
Schwab Institutional is a leading provider of custodial, operational and trading support for independent fee-based investment advisors. This year marks Schwab InstitutionaI's 20th anniversary serving the independent investment advisor industry. Since 1987, Schwab Institutional has supported independent investment advisors by offering support and services to help grow their businesses and help their clients reach their financial goals. As of December 31, 2006, client assets custodied with Schwab Institutional stood at $502 billion. These assets, managed by the approximately 5,000 independent advisor firms Schwab Institutional currently serves, represent approximately one-third of total client assets custodied with The Charles Schwab Corporation.
About Charles Schwab
The Charles Schwab Corporation is a leading provider of financial services, with more than 300 offices and 6.8 million client brokerage accounts, more than one million corporate retirement plan participants, 150,000 banking accounts, and $1.3 trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org/), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee- based investment advisors through its Schwab Institutional division. The Charles Schwab Bank, N.A. (member FDIC) provides banking and mortgage services and products. CyberTrader(R), Inc. (member SIPC, http://www.sipc.org/) is an electronic trading technology and brokerage firm providing services to highly active, online traders. More information is available at http://www.schwab.com/. (0307-0380)
Charles Schwab
CONTACT: Michael Cianfrocca of Charles Schwab, +1-415-667-3252, or michael.cianfrocca@schwab.com
Web site: http://www.schwab.com/
Rogers Wireless Offers Canadian Mobile Users Fastest Access to the Internet With Option's GT MAX "7.2 Ready" Data Card
LEUVEN, Belgium, April 2 /PRNewswire-FirstCall/ -- Option (Euronext: OPTI; OTC:OPNVY), the wireless technology company, today announced that Rogers Wireless will be offering its Canadian mobile customers the world's fastest cellular connection following the selection of Option's GlobeTrotter GT MAX "7.2 Ready" HSDPA data card. As well as its cutting-edge performance, Option's GT MAX series features the unique integrated flip-out antenna: for ease and convenience, the antenna is simply retracted for briefcase or carry bag transport without the need to remove the wireless data card from the laptop. Canadian users are in for a great experience both in speed and user friendliness.
Sold under the GT MAX "7.2 Ready" brand, the data card delivers tri-band HSDPA at data speeds up to 3.6 Mbps. Option's broadband wireless data card is already compatible with mobile network infrastructure equipment capable of supporting higher HSDPA data rates of up to 7.2 Mbps. Backward compatibility ensures HSDPA connections at lower data rates of 3.6 Mbps and 1.8 Mbps. The wireless data card also has inherent support for 3G operation at 384 kbps as well as quad-band EDGE and GPRS. The GT MAX's support for this low frequency band and the built-in Advanced Radio Technology further enhances indoor connectivity.
Rogers Wireless is the largest Canadian wireless communications service provider, serving nearly 6.8 million wireless voice and data subscribers. Rogers Wireless is the only wireless service provider in Canada operating on the world standard GSM/GPRS/EDGE and HSDPA technology platform with coverage to approximately 94% of Canada's population. Moreover, the data card will also be available to the more than 1.3 million Fido subscribers in Canada. Fido has been a subsidiary of Rogers Wireless Inc. since November 2004.
Jan Callewaert, CEO Option commented: "With Rogers Wireless we are expanding our global footprint to the Canadian territory. We are very pleased that they have selected our GT MAX data card as their flagship product. I am looking forward to a long term relationship with Rogers."
Option's unique Advanced Radio Technology (ART) internal architecture differentiates the GlobeTrotter GT MAX "7.2 Ready" from other HSDPA devices by introducing Receive Diversity and Receive Equalization into the product design, delivering important performance benefits to users and operators.
Receive Diversity exploits dual antenna and receive chains to improve signal reception and reduce the impact of spatial variations in signal strength. Receive Equalization, on the other hand, improves immunity to interference of the radio signal. In usage scenarios tested during GT MAX field trials, ART improved average throughput speeds up to 50% compared with non-ART devices giving greater connection stability and higher data throughput vastly improving the overall user experience. For operators, mobile receive diversity increases network capacity by up to a factor of two while reducing base station power requirements.
Unique Features of GlobeTrotter GT MAX commercialised by Rogers Wireless:
Unrivalled features in a single wireless Data Card device;
Five Band flip-out Antenna design (Patented technology);
No need to remove the card from the laptop for transport;
Tri-band HSDPA/UMTS 2100/1900/850 MHz bands - compatible with World Wide usage;
Advanced Receiver Technology (Receive Diversity & Equalisation);
Quad Band EDGE/GPRS 1900/1800/900/850 MHz bands - compatible with World Wide usage;
Future Proof "7.2 Mbps Ready" - No need to purchase a new wireless data card;
Designed for Windows XP and Windows Vista Capable.
About Option
Option, the wireless technology company, is a leading innovator in the design, development and manufacture of 3G WCDMA (HSPA and UMTS), EDGE, GPRS, GSM and WLAN technology products for wireless connectivity solutions. Option has built up an enviable reputation for creating exciting products that enhance the performance and functionality of wireless communications. Option's headquarters are in Leuven, Belgium. The company has Research & Development in Leuven, a Software and Applications development centre in Adelsried (Germany), a Wireless Router development centre in Stockholm (Sweden), an ISO 9002 production engineering and logistics facility in Cork, Ireland. Option also has sales & support operations in the US, Japan, Hong Kong and Taiwan. For more information please visit http://www.option.com/
Option N V
CONTACT: For more information please contact Douglas Ros, Vice President Business, Development +32(0)16317411, d.ros@option.com; Frederic Convent, CFO Option, +32(0)16317471, investor@option.com
Harris Corporation Names Industry Veteran Cheryl L. Janey President of Civil Programs in Its Government Segment
WASHINGTON and MELBOURNE, Fla., April 2 /PRNewswire-FirstCall/ -- Harris Corporation , an international communications and information technology company, has named Cheryl L. Janey president of the Civil Programs business unit within the company's Government Communications Systems Division. She joins Harris from Northrop Grumman, where she served as vice president of Business Development and Strategy for the Commercial, State and Local group of the company's Information Technology Sector.
Janey will be based at the new headquarters of Harris Civil Programs in Falls Church, Virginia, a suburb of Washington, D.C.
The Civil Programs business unit designs, deploys and manages complex communications and information networks for government agencies including the Federal Aviation Administration (FAA), the U.S. Census Bureau, the National Oceanic and Atmospheric Administration, and the Department of Homeland Security.
"Cheryl's breadth of management experience, visionary leadership style, and strong business acumen align perfectly with our strategic growth objectives," said Howard L. Lance, Harris chairman, president and chief executive officer. "She will lead one of our fastest-growing government businesses and will be responsible for directing two of the company's largest and most strategic programs - the FAA Telecommunications Infrastructure (FTI) program and the Field Data Collection Automation (FDCA) program for the 2010 Census. She is a great addition to the Harris leadership team."
As vice president of Business Development and Strategy for the Commercial, State and Local group of Northrop Grumman's Information Technology Sector, Janey was responsible for business development, sales, marketing communications, strategic planning, capture operations, and proposal center operations. She helped to position the company as a strong competitor in the state and local government market. Previously, Janey had general management responsibilities for multiple facets of Northrop's multimillion dollar business in state and local government.
Prior to joining Northrop Grumman, Janey was vice president, Marketing and Business Development for American Management Systems. She previously held leadership positions at Unisys Corporation and SCT Corporation. She is a member of Women in Technology and serves on the board of the Virginia High- Tech Partnership, the Executive Advisory Board of the Virginia Coalfield Economic Development Authority and is a member of the Information Technology Association of America's State and Local Executive Committee. Janey has been recognized by the Career Communications Group for significant achievement and was awarded its 2003 Women of Color, Technology and Business President's Award.
About Harris Corporation
Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has annual revenue of about $4 billion and more than 14,000 employees - including more than 6,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications(TM) products, systems, and services for global markets, including government communications, RF communications, broadcast communications, and wireless transmission network solutions. Additional information about Harris Corporation is available at http://www.harris.com/.
Harris Corporation
CONTACT: Investor Relations inquiries, Pamela Padgett, +1-321-727-9383, pamela.padgett@harris.com, or Media inquiries, Jim Burke, +1-321-727-9131, jim.burke@harris.com, both of Harris Corporation
Web site: http://www.harris.com/
S1 Allies With Andera to Enable Seamless New Account Opening and FundingAndera's Online Account Opening solution is a compelling new feature for S1 Internet Banking Users
ATLANTA, April 2 /PRNewswire-FirstCall/ -- S1 Corporation, a leading global provider of customer interaction financial and payment solutions, today announced a strategic alliance with Andera, Inc., the leading provider of account opening and funding solutions to the retail financial market. Delivered through Postilion, Inc. and its S1 Enterprise divisions, all of S1's Internet banking solution customers can capitalize on the power of Andera's new account opening capabilities to facilitate easy account opening via the Internet.
Eva Weber, Analyst with Aite Group, a leading independent research and advisory firm, recently described the importance of new account opening in her report, Something for Everyone: Online Account Opening Delivers the Goods. She found the potential savings from online account opening solutions is compelling. For example, a mid-sized bank with 20 per cent of their new accounts opened online could realize an enormous $1,125,000 in savings over traditional account opening methods. Weber will present these findings today at the Postilion Roadshow in Austin, Texas where Andera will also present their solution to Postilion customers from across the country.
Charlie Kroll, CEO of Andera observed, "Andera has continuously demonstrated its value, meeting the most demanding requirements of financial institutions of every size, all in the effort to enhance the user experience. Integrating Andera within the market leading solutions from S1 enables more banks and credit unions to significantly streamline the account acquisition process, leading towards a more profound experience for the user."
The integrated Account Opening solution from Andera and S1 provides the following benefits:
-- allows customers to open new accounts from their institution's Web site
as well as from within their online S1 solutions
-- is available to all existing and new Postilion retail Internet banking,
Postilion business Internet banking, S1 Personal Banking and S1
Business Banking customers
-- significantly streamlines the account opening process while
facilitating cross-selling for more organic growth
-- integrates the ability to fund a new account online in a highly secure
way
-- enables customers to open accounts 7 x 24, verifies an applicant's
information in real time, and offers customers faster account setup
-- offers greater convenience to the customer and positions the
institution as providing convenience and availability
"Creating an easy process for opening an account - for both the user and the institution - is the goal of our partnership with Andera," said Johann Dreyer, CEO of S1 Corporation. "This integrated solution not only leads to smooth account opening and a better user experience, but will help institutions facilitate cross-selling of products for critical organic growth."
About S1 Corporation
S1 Corporation delivers customer interaction software for financial and payment services. Worldwide, more than 3,000 customers use S1 software solutions, which are comprised of applications that address virtually every market segment and every delivery channel. Community banks, regional banks, national banks, credit unions, retailers, telcos, and processors all rely on the banking and payments software delivered under three brand names: Postilion, S1 Enterprise and FSB Solutions. Additional information about S1 is available at http://www.s1.com/.
About Postilion
Postilion, a subsidiary of S1 Corporation , is a leading provider of integrated solutions for self-service banking and payment processing. Our offices, on five continents, serve customers in more than 50 countries. The Postilion product drives self-service financial transactions and payments, including advanced transactions such as prepay, through Internet access points, ATMs, POS terminals, and phones. This multi-channel architecture - built on open systems - provides consolidated management information, card management, 3DES and EMV enablement, and loyalty software solutions. We are at the forefront of compliance with new regulations and security enhancements. For example, our payment applications are validated for Visa's Cardholder Information Security Program Payment Application Best Practices (CISP PABP), indicating that we can help you achieve compliance with the latest data security standards developed by the payment card industry (PCI DSS). More information is available http://www.postilion.com/.
About S1 Enterprise
More than 100 banks and three million consumer, small business, and corporate users worldwide rely on S1 Enterprise solutions to access and manage their financial information. An independent division of S1 Corporation , S1 Enterprise is a leading provider of integrated banking solutions that deliver financial service providers a holistic view of their customer via a common technology platform regardless of delivery channel - branch, call center, Internet, or voice. Additional information about S1 Enterprise is available at http://www.s1enterprise.com/.
About Andera
Andera is the leader in integrated account opening technologies for retail financial institutions. Dedicated to helping banks and credit unions use the Web as a tool for sales and growth, Andera offers a suite of integrated products and services for automated online account opening, funding, and cross-selling. Andera is headquartered in Providence, R.I. and can be found on the Internet at http://www.andera.com/.
Forward-Looking Statements
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act. These statements include statements with respect to our financial condition, results of operations and business. The words "believes," "expects," "may," "will," "should," "projects," "contemplates," "anticipates," "forecasts," "intends" or similar terminology identify forward-looking statements. These statements are based on our beliefs as well as assumptions made using information currently available to us. Because these statements reflect our current views concerning future events, they involve risks, uncertainties and assumptions. Therefore, actual results may differ significantly from the results discussed in the forward-looking statements. The risk factors included in our reports filed with the Securities and Exchange Commission (and available on our web site at http://www.s1.com/ or the SEC's web site at http://www.sec.gov/) provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Except as provided by law, we undertake no obligation to update any forward-looking statement.
S1 Corporation
CONTACT: Carmen Crutchfield of Postilion, +1-404-923-6672, carmen.crutchfield@postilion.com; or Nicole Crowe of S1 Enterprise, +1-404-923-6080, nicole.crowe@s1.com; or Caroline Traylor of Porter Novelli, +1-512-241-2239, caroline.traylor@porternovelli.com; or Kyle F Flaherty of Horn Group, +1-781-356-7166, kflaherty@horngroup.com
Web site: http://www.s1.com/ http://www.postilion.com/ http://www.andera.com/ http://www.s1enterprise.com/
Protection One and IASG Successfully Close Merger, Join To Create a Market Leader in Retail, Wholesale and Multifamily Monitored Security ServicesProtection One Stock Commences Trading on Nasdaq(R) Global Market under new 'PONE' Symbol Effective Today
LAWRENCE, Kan. and ALBANY, N.Y., April 2 /PRNewswire-FirstCall/ -- Protection One, Inc. and Integrated Alarm Services Group today announced the closing of their previously announced merger, pursuant to which IASG will merge with a wholly owned subsidiary of Protection One.
In addition, today, Protection One stock ceased trading on the OTC Bulletin Board and commenced trading on the Nasdaq(R) Global Market. With its move to Nasdaq, Protection One's trading symbol changed to PONE.
On March 27, 2007, IASG shareholders voted overwhelmingly in favor of the merger, which received 99.9% of the 17.7 million shares cast. Pursuant to the merger, shareholders of IASG will receive 0.29 shares of Protection One, Inc. common stock for each share of IASG common stock owned, plus cash for any fractional shares. Approximately 7.1 million shares of Protection One common stock will be issued resulting in a total of 25.3 million shares outstanding, of which IASG and Protection One shareholders will own approximately 28% and 72%, respectively.
Market Leadership and Financial Expectations
With the completion of the merger, Protection One assumes ownership of the nation's No. 1 provider of wholesale alarm monitoring services, Criticom International, which will combine with Protection One's wholesale monitoring provider, CMS, and will soon operate under a new name, Criticom Monitoring Services(TM) (also to be known as CMS).
Protection One also remains one of the nation's largest providers of security alarm monitoring services to residential, commercial and national account customers, which will continue operating under the name Protection One(R), as well as the largest provider to the multifamily market, operating under the name Network Multifamily(R). In total, the merged company, which will remain based in Lawrence, Kansas, will have 73 branches across the country, six state-of-the-art monitoring response centers, and a dedicated disaster recovery center.
Management believes that larger scale operations, elimination of redundancies and greater purchasing power generated by this merger will, within 12 months, result in net savings of $11 million to $13 million on an annualized basis. On a combined basis, Protection One and IASG had revenues and adjusted EBITDA of $364.9 million and $106.0 million, respectively, for the 12-month period ended Dec. 31, 2006 (with adjusted EBITDA being measured prior to the realization of any operating synergies). As of Dec. 31, 2006, Protection One and IASG on a combined basis had recurring monthly revenue ("RMR"), a well known valuation metric used for monitoring services companies, of $26.9 million.
Richard Ginsburg, President and CEO of Protection One, said, "Our successful completion of this merger paves the way to create a leading security monitoring services company with a diversified portfolio of security assets. It is a logical step for both Protection One and IASG and one that we believe will create value for shareholders, enhanced services for our customers and a growing company, with many new opportunities, for our employees. I would also like to thank IASG's shareholders for supporting the merger so decisively."
Ginsburg continued, "Given our team's track record of overcoming challenges brought on by rapid growth through acquisitions and of completing a successful restructuring, we are confident that we, along with the many talented IASG employees who are joining us, can execute our plan to take the combined company forward and reach new levels of success. We can now begin work on our important goals of increasing customer retention and of improving operating performance by taking advantage of synergies that allow us to increase EBITDA, and, again, create value for our shareholders. For our valued retail, wholesale and multifamily customers, we are excited to offer an unmatched network of central stations and the infrastructure to further enhance our product and service offerings. We are optimistic that the clients of our wholesale business, which will continue to operate separately from our retail side, will respond well to our new monitoring capabilities, expanded service offerings and a renewed focus on dealer support."
Charles May, President and CEO of IASG, said, "Like other IASG shareholders, I look forward to Richard and his team delivering the many potential benefits of this merger. I know I speak for the Board of IASG in wishing the new company much success."
The companies will begin merging operations today, with a transition period occurring before IASG residential and commercial customers will begin seeing the Protection One name as their service provider and before Protection One will begin servicing or billing customers. In addition, Criticom dealers will soon receive information about the specific benefits of this merger for them. More information about what this merger means for customers can be found on the companies' respective Web sites.
Letter of Transmittal for IASG Shareholders
Following the effective time of the merger, Mellon Investor Services, Protection One's exchange agent, will send a letter of transmittal to each former holder of record of shares of IASG common stock. The transmittal letter will contain instructions for obtaining the merger consideration. Stockholders are urged to carefully read, complete and return the Letter of Transmittal so that they may promptly receive their merger consideration. Stockholders whose shares are held by brokers should contact their brokers for more information.
New Board Members
As part of the merger closing, current IASG Board members, Arlene M. Yocum and Raymond C. Kubacki, will join the new Protection One Board of Directors. Protection One expects to announce the appointment of a ninth member to the board shortly.
About Protection One
Protection One, Inc. is one of the largest providers of security monitoring services in the United States. Including its Network Multifamily subsidiary, a leading security provider to the multifamily housing market, Protection One provides monitoring and related security services to approximately one million residential and commercial customers. For more information about Protection One, visit http://www.protectionone.com/ .
About IASG
Integrated Alarm Services Group provides total integrated solutions to independent security alarm dealers located throughout the United States to assist them in serving the residential and commercial security alarm market. IASG's services include alarm contract financing, including the purchase of dealer alarm contracts for its own portfolio and providing loans to dealers collateralized by alarm contracts. IASG, with approximately 4,000 independent dealer relationships, is also the largest wholesale provider of alarm contract monitoring and servicing. For more information about IASG, please visit its Web site at http://www.iasg.us/ .
Forward-Looking Statements
Certain statements in this press release may contain forward-looking information regarding Protection One and IASG and the combined company after the completion of the transaction that is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified as such because the context of the statement includes words such as "believe," "expect," "anticipate," "will," "should" or other words of similar import. These statements also include, but are not limited to, the companies' plans, objectives, expectations and intentions and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of the management of Protection One and IASG and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements.
The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the risk that the businesses of Protection One and IASG will not be integrated successfully; the risk that the cost savings and any other synergies from the transaction may not be fully realized or may take longer to realize than expected; disruption from the transaction, making it more difficult to maintain relationships with customers, management, employees or suppliers; costs and availability of alarm equipment; competition and its effect on pricing, spending, third-party relationships and revenues; social and political conditions such as war, political unrest or terrorism; general economic conditions and normal business uncertainty.
Additional risks and factors are identified in Protection One's and IASG's filings with the Securities and Exchange Commission ("SEC"), including Protection One's Annual Report on Form 10-K for the fiscal year ended December 31, 2006 and IASG's Annual Report on Form 10-K for the fiscal year ended December 31, 2006, which are available on Protection One's Web site ( http://www.protectionone.com/ ) and IASG's Web site ( http://www.iasg.us/ ), respectively. Protection One and IASG undertake no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date of this press release.
Protection One, Inc.
CONTACT: Media, Robin J. Lampe, +1-785-856-9350, or, Investors, Darius G. Nevin, +1-785-856-9368, both of Protection One, Inc.; or, Joseph L. Reinhart of Integrated Alarm Services Group, Inc., +1-518-426-1515
Web site: http://www.protectionone.com/ http://www.iasg.us/
Media Advisory - Alliance Atlantis Communications Inc. Special Meeting of ShareholdersTSX: AAC.A, AAC.B
TORONTO, April 2 /PRNewswire-FirstCall/ --
- WHAT: Alliance Atlantis will hold a Special Meeting of
Shareholders. As previously announced on January 10, 2007,
Alliance Atlantis has entered into an Arrangement Agreement with
AA Acquisition Corp. (formerly 6681859 Canada Inc.), a corporation
wholly owned by CanWest MediaWorks Inc., providing for the
Arrangement of Alliance Atlantis. At the Special Meeting
Shareholders will be asked to consider a special resolution to
approve the Arrangement pursuant to section 192 of the Canada
Business Corporations Act.
- WHEN: 10:00 a.m. ET on Thursday, April 5, 2007.
- WHERE: The Metro Toronto Convention Centre, North Building,
255 Front Street West, Toronto, ON.
- RSVP: Please confirm your attendance by e-mailing
media@allianceatlantis.com.
- AUDIO WEBCAST: The Special Meeting will be audio webcast live at
http://events.streamlogics.net/allianceatlantis/apr05-07/index.asp
and archived for future playback at http://www.allianceatlantis.com/.
About Alliance Atlantis Communications
Alliance Atlantis offers Canadians 13 well-branded specialty channels boasting targeted, high-quality programming. The Company also co-produces and distributes the hit CSI franchise and indirectly holds a 51% limited partnership interest in Motion Picture Distribution LP, a leading distributor of motion pictures in Canada, with motion picture distribution operations in the United Kingdom and Spain. The Company's common shares are listed on the Toronto Stock Exchange - trading symbols AAC.A and AAC.B. The Company's website is http://www.allianceatlantis.com/.
The presentations at the Special Meeting may contain forward-looking statements, including statements regarding Alliance Atlantis's anticipated financial and operating results, plans, objectives, expectations and intentions. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those indicated by the statements. Therefore, forward-looking statements should be considered carefully and undue reliance should not be placed on them.
Alliance Atlantis Communications Inc.
CONTACT: Nicola McIsaac, Manager, Corporate Communications, Alliance Atlantis Communications Inc., Tel: (416) 969-4405, Email: nicola.mcisaac@allianceatlantis.com
Provision Networks Expands Global Footprint and ScaleValue-Added Distributors Worldwide Select Virtual Access Suite as Best-of- Breed Virtual Desktop Infrastructure Solution
RESTON, Va., April 2 /PRNewswire/ -- Provision Networks, a global provider of enterprise virtual desktop deployment and application delivery solutions announced today that the leading virtualization distributors around the globe have joined the Provision Networks partner program and selected the company's desktop and application virtualization solutions for their customers.
"We are quite pleased but not surprised by the rapid adoption and overwhelming acceptance of our solutions worldwide," said Paul Ghostine, co- founder and CEO of Provision Networks. "Value-added resellers and distributors alike have chosen our dynamic desktop deployment solutions as the de-facto standard for their go-to-market strategies."
Provision Networks is exhibiting this week at VMware TSX (http://www.vmware-tsx.com/) in Nice in support of its European partners.
The latest additions to Provision Networks' value-added distribution channel are:
-- Amosdec (France)
-- Com4U (Belgium, Luxembourg)
-- Distrilogie (Spain, Portugal, France)
-- Infotronics Software Pty Ltd (Australia, New Zealand)
-- Interactive Ideas (UK)
-- Network Based Technology (Italy)
-- Sigma Software Distribution (UK)
-- System@tika Distribution (Italy)
"We are pleased to be working with Provision Networks, the global leader in Virtual Desktop Infrastructure solutions. We are convinced their solutions will play a major role in our Desktop Virtualization market development strategy. The ability to deliver dynamic deployment solutions combining virtual PCs and physical PCs with terminal services makes it the most compelling enterprise solution," said Mr. Serge AZIZA, CEO of Amosdec.
"The next wave of virtualization is taking place not only at the server level, but also for the enterprise desktop, making VDI key to our virtualization portfolio. After extensive tests of all available solutions, Com4U has recommended and selected Provision Networks because of their extensive end-user experience features and breadth of integration. It is clear that Provision Networks provides the best solutions for application delivery and virtual desktop infrastructure. The response and acceptance from resellers and customers has been quite positive and after merely a few weeks of partnership, several first customer wins are already in production," said Mr. Rudi Voetz, CEO of Com4U.
"Network Based Technology and Provision Networks share a common strategic vision for the virtualization market. Both of our companies are looking to desktop virtualization as the next evolution of the server based computing market. Our common roots stem from a long and winning history in the SBC market, giving us a unique perspective on this emerging marketplace. Our combined market knowledge with the innovative, comprehensive and highly scalable Provision Networks product portfolio create a powerful and undeniable value proposition in the Italian market", said Flavio Ghirardi, General Manager of NBT.
"We are happy to work with Provision Networks. Their solutions allow us to complete our offering around VMware Virtual Desktop Infrastructure (VDI), giving our customers an enterprise-class solution. The Provision Networks connection broker and their virtualized application deployment solution are key differentiators in our value proposition. Furthermore, Provision Networks solutions give us the opportunity to enter into another rapidly growing strategic market with a best-of-breed server-based computing solution for Microsoft Terminal Services," said Franco Puricelli, General Manager for Systematika Distribution.
About Provision Networks
Provision Networks is a global provider of enterprise virtual desktop solutions. Provision Networks solutions embrace and extend the Microsoft Terminal Services platform and VMware Virtual Desktop Infrastructure, delivering resilient, scalable and dynamic on-demand access for enterprises worldwide.
Provision Networks produces and markets three product suites through a global network of value-added resellers:
-- Provision Management Framework -- Enterprise Edition
-- Provision Management Framework -- Standard Edition
-- Provision Networks Virtual Access Suite -- for the Virtual Desktop
Infrastructure
With a world-class client list, comprised of some of the world's largest commercial enterprises, and government organizations, Provision Networks is the most trusted name in application and access infrastructure virtualization.
To learn more about Provision Networks and our enterprise access solutions, please visit us at http://www.provisionnetworks.com/.
Provision Networks, the Provision Networks product names, and the Provision Management Framework are registered trademarks or trademarks of Provision Networks in the United States and/or other jurisdictions. All other marks and names mentioned herein may be trademarks of their respective companies.
Provision Networks Inc.
CONTACT: Kelly Sullivan of Provision Networks Inc., +1-571-748-5030, ksullivan@provisionnetworks.com
Web site: http://www.provisionnetworks.com/ http://www.vmware-tsx.com/
Verizon High Speed Internet Customers Can Now Benefit From Advanced Technical SupportWith 'Premium Technical Support,' Home and Business Customers Can Call Verizon 24 Hours a Day for Help With Broad Range of Computer-Related Problems
NEW YORK, April 2 /PRNewswire/ -- Customers with computer problems can now turn to Verizon for help any time of the day or night.
Verizon's new Premium Technical Support offers affordable, expert help for problems with spyware, adware, viruses, Internet security, hardware issues, computer operating systems and other problems not typically covered by many Internet providers' standard support services.
"Our customers need help with more than just their online service, and now they can get it from us right away," said Frank Nelson, director of Verizon Broadband Solutions Group. "Verizon support is available over the phone to solve a variety of computer problems, and customers can avoid expensive, in- home or business service calls."
Consumers and businesses who have Verizon High Speed Internet service can subscribe to Premium Technical Support for $9.99 a month. Subscribers will benefit from a single point of contact, unlimited use of the service, and expert one-on-one assistance for a wide variety of computer or Internet problems.
Subscribers receive a special 24/7 toll-free number for all their service- related calls, which connects them to service representatives trained in a broad array of computer-support issues. The advanced technical service provides help for most problems broadband users may encounter, including virus and spyware removal, firewall issues, networking configurations, malfunctioning routers, and problems with computer hardware and software.
Last year more than 40 million Internet users in the United States had problems with Internet security; 21 million had hardware or software issues; and more than 11 million struggled with home networking.
"Computer users want to turn to their Internet service provider for help with their computer-related issues when those issues are too complicated for either the users or their tech-savvy acquaintances to resolve. We're answering that call for our Verizon High Speed Internet customers," Nelson said.
Among the computer components and peripherals supported by Verizon Premium Technical Support are routers, network cards, video cards, sound cards, CD/DVD reader-writer, hard drives, flash memory systems, printers, scanners, gaming consoles and firewalls. Operating systems and software supported by the service are Windows Vista, Windows XP, Windows 2000, Windows 98 and Windows Me. Mac operating systems are not supported by Verizon Premium Technical Support.
Later this month, customers who don't have advanced technical support and who call Verizon with computer or broadband issues will be given the opportunity to tap into Verizon Premium Technical Support for help with their problems. Customers can choose to pay for the service for the one-time use or to sign up for an extended contract. Either way, they will be given prompt assistance with their technical problems.
To obtain more information about Verizon Premium Technical Support and to subscribe to the service, Verizon High Speed Internet consumer and business customers can call their regional Verizon sales and service representatives. The numbers can be found on customers' Verizon service bills. To learn more about Verizon High Speed Internet service and to check for pricing and availability in a particular area, visit http://www.verizon.com/dsl. Small business customers can visit http://www.verizon.com/business.
Verizon Communications Inc. , headquartered in New York, 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 more than 59 million customers nationwide. Verizon's Wireline operations include Verizon Business, which operates one of the most expansive wholly owned global IP networks, and Verizon Telecom, which is deploying the nation's most advanced fiber-optic network to deliver the benefits of converged communications, information and entertainment services to customers. A Dow 30 company, Verizon has a diverse workforce of approximately 242,000 and last year generated consolidated operating revenues of more than $88 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: Cliff Lee, +1-518-396-1095, clifford.p.lee@verizon.com, or Ellen Yu, +1-908-559-3496, ellen.yu@verizon.com, both of Verizon Communications Inc.
Web site: http://www.verizon.com/ http://www.verizon.com/dsl http://www.verizon.com/business http://www.verizon.com/news
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Chelsio and AMCC Demonstrate Complete Low-Cost iSCSI Storage Solution at ESC 2007 Conference
SUNNYVALE, Calif., April 2 /PRNewswire-FirstCall/ -- Chelsio Communications, Inc., the leading provider of 10-Gigabit Ethernet and iSCSI acceleration adapters and ASIC solutions, and Applied Micro Circuits Corp. (AMCC) today announced the two companies are teaming up to demonstrate a complete, low-cost iSCSI storage solution at the Embedded Systems Conference 2007, held this week in San Jose, CA.
The complete, low-cost GbE storage solution from client to storage server is running hardware accelerated RAID 5 on Linux. The storage server includes AMCC's 440SPe "Katmai" evaluation board featuring the PowerPC 440SPe storage processor with high performance hardware RAID computational capabilities.
Mounted on the board is a 2x1 GbE T3 acceleration card from Chelsio acting as the iSCSI target and an LSI Logic SAS IOC card. The Katmai platform is connected to an 8-disk storage array. The 440SPe runs Linux and the MD driver has an ADMA interface that allows it to access the RAID-specific DMA engines of the 440SPe storage processor. A Microsoft Windows laptop computer acts as the iSCSI initiator. Chelsio's iSCSI 3.1 Target software provides a fully featured target functionality. This is a complete system solution for achieving GbE iSCSI storage networking on a low-cost Linux-based platform.
"This end-to-end demonstration includes all the elements of an iSCSI storage solution and shows that such a system is readily achievable based on a low-cost, low-power PowerPC 440SPe platform," said Charlie Ashton, director of software at AMCC. "We are delighted to partner with Chelsio on this reference implementation and look forward to working with them on future programs that provide even higher system-level performance on low-cost platforms. AMCC's S-series PowerPC processors enable customers to develop affordable, power-efficient storage solutions and we are pleased that Chelsio can provide our customers with key elements of their systems."
"Our demonstration with AMCC here at ESC 2007 highlights the possibilities today for delivering low-cost and high performance iSCSI storage capabilities using T3 and Chelsio's commercial grade iSCSI 3.1 storage software, in combination with AMCC's embedded storage processor," said Kianoosh Naghshineh, president and CEO of Chelsio. "This same combination also delivers the capability of running unmodified InfiniBand and Fibre Channel applications in an Ethernet converged fabric environment, as well as the ability to easily upgrade to 10GbE functionality using the same software."
About Chelsio Communications
Chelsio Communications is leading the convergence of networking, storage and clustering interconnects with its robust, high-performance and proven unified wire technology. Featuring a highly scalable and programmable architecture, Chelsio is shipping 10-Gigabit Ethernet and multi-port Gigabit Ethernet adapter cards, delivering the low latency and superior throughput required for high-performance computing applications. For more information, visit the company online at http://www.chelsio.com/.
About AMCC
AMCC blends system hardware and software expertise to provide the essential building blocks for the processing, moving and storing of data worldwide. The #1 high-port count Serial ATA RAID controller line, AMCC's 3ware family of SATA RAID storage solutions deliver cost-effective, high-performance, high-capacity storage for enterprises and consumers worldwide in applications such as disk-to-disk backup, near-line storage, network-attached storage (NAS), video, and high-performance computing. The company is headquartered in Sunnyvale, California with offices throughout the world. For more information, visit http://www.3ware.com/ or http://www.amcc.com/.
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as expects, anticipates, plans, believes, estimates, will or words of similar meaning. Such forward-looking statements, including statements relating to the products discussed in this press release, are subject to a number of risks and uncertainties, including the risk that the products may not be successfully or timely developed, completed or manufactured or achieve market acceptance, risks relating to general economic conditions, as well as the risks and uncertainties set forth in the Company's Annual Report on Form 10-K, and in the Company's other SEC filings. As a result of these risks and uncertainties, actual results may differ materially from these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and AMCC does not assume any obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise.
Chelsio Communications, Inc.
CONTACT: Tim Helms of Helms Communications, +1-925-606-6936, timhelms@comcast.net, for Chelsio Communications, Inc.; or Tom Price of The Bernard Group, +1-512-327-2195, tprice@bernardgroup.com, for Applied Micro Circuits Corp.
Web site: http://www.chelsio.com/ http://www.amcc.com/ http://www.3ware.com/
AT&T Announces 2007 AT&T Excelerator Grant Program in Alabama$9 Million Program Pledges To Build Stronger Communities By Providing Technology Access and Tools For Nonprofit Organizations In Alabama.
BIRMINGHAM, Ala., April 2 /PRNewswire-FirstCall/ -- The AT&T Foundation - the philanthropic arm of AT&T Inc. - today launched the 2007 AT&T Excelerator competitive technology grant program. In its sixth year, AT&T Excelerator will provide $9 million to regional and local nonprofit organizations in Alabama and 21 other states, for projects that use technology to build stronger communities.
"Since 2002, AT&T has provided grants to nonprofits for technology tools that dramatically impact lives," said Tom Hamby, president of AT&T Alabama. "AT&T is committed to improving these vital organizations' operations and resources that, in turn, benefit everyone in our communities."
Since its inception in 2002, the AT&T Excelerator program has awarded more than 2,500 technology grants totaling more than $47.8 million to a diverse range of nonprofits. These grants help organizations meet their overall goals by improving technology resources, including hardware, software and networking tools. This year, the AT&T Foundation is expanding the Excelerator grant program into AT&T Southeast's nine-state service area. Of the $9 million committed to the 2007 program, $3 million has been allocated to nonprofit organizations in the Southeast region.
AT&T Excelerator Grants can be applied in many ways. For example, in Michigan, Leader Dogs for the Blind used a 2006 AT&T Excelerator grant to fund technology that assisted blind and visually impaired individuals. In California, Women's Intercultural Network received an Excelerator grant for its Connecting California Women's Voices program. And in Texas, Friends of the Dallas Public Library Inc. used the funds to support a teen center that provided various technology tools and training.
For 2007, the AT&T Excelerator grant program will be open to nonprofit organizations located in Alabama, Arkansas, California, Connecticut, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nevada, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, and Wisconsin. The 2007 AT&T Excelerator grant program will award individual grants ranging from $2,500 to $25,000 that are one year in length. Collaborations by two or more organizations will be considered for grants of up to $50,000 for one year.
AT&T Excelerator grants help nonprofit organizations improve their operations and build stronger communities through:
-- Internet Access. Networked, high speed access to the Internet and e-
mail.
-- Data Networking. Network connectivity enabling easy sharing of database
applications and information systems.
-- Online Outreach. Interactive, Web-based applications that support
activities such as service delivery, volunteer recruiting, and e-
fundraising.
-- Staff Technology Capacity. Technology-training programs for nonprofit
staff members.
-- Pooled Technology Resources. Programs that work to address the
technology needs of multiple nonprofits.
To qualify for an AT&T Excelerator grant, an organization must emphasize education, community development, health and human services, or arts and culture. Grant funds may be used for data communications services, hardware, software, technology training, personnel, and application development. Additionally, no fewer than 50 percent of project grant funds must be used to target underserved populations, including racial and ethnic groups, low-income populations, seniors, or disabled persons.
Interested organizations can apply for this year's grant by downloading a copy of the 2007 request for proposals (RFP) from http://www.att.com/excelerator. All proposals must be received at the state-specific address provided in the RFP no later than 5 p.m., May 4, 2007. Additional guidelines and restrictions are available for review in the 2007 AT&T Excelerator application.
The AT&T Excelerator program is a key component of AT&T AccessAll, a $100 million philanthropic initiative to provide technology access to the organizations that work to strengthen underserved communities. Helping nonprofits integrate technology into their operations and community outreach, AT&T Excelerator grants also place technology tools into the hands of underserved populations and provide resources such as Internet access, computer training, math and reading programs, and job-skills development.
About Philanthropy at AT&T
AT&T Inc. supports programs that strengthen communities; improve access to information technology and technology training; advance education; and enhance professional-skills development. In 2006, AT&T contributed more than $101 million through corporate-, employee- and AT&T Foundation-giving programs. AT&T AccessAll, the company's signature philanthropic initiative, is a $100 million program that connects families and communities with technology that can improve lives. AT&T and the AT&T Foundation, the philanthropic arm of AT&T, combine more than $1.8 billion of historic charitable commitment to communities across the country.
About AT&T
AT&T Inc. is a premier communications holding company in the United States and around the world, with operating subsidiaries providing services under the AT&T brand. AT&T is the recognized world leader in providing IP-based communications services to businesses and the U.S. leader in providing wireless, high speed Internet access, local and long distance voice, and directory publishing and advertising through its Yellow Pages and YELLOWPAGES.COM organizations. As part of its three-screen integration strategy, AT&T is expanding video entertainment offerings to include such next-generation television services as AT&T U-verse(SM) TV. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
AT&T is a registered trademark of AT&T Knowledge Ventures. Subsidiaries and affiliates of AT&T Inc. provide products and services under the AT&T brand. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Ted Wagnon for AT&T, mobile, +1-501-920-3388, or ted.wagnon@att.com
Web site: http://www.att.com/ http://www.att.com/excelerator http://www.att.com/newsroom
Consumers Can Get Verizon High Speed Internet at Price Comparable to Many Dial-Up PlansNew Online Offer Brings Affordable Internet Connections without Frustrations of Slow Dialup or High Prices of Cable
NEW YORK, April 2 /PRNewswire/ -- Consumers now have another reason to shift gears away from slow dial-up Internet access or shed cable's high-priced service: a new offer from Verizon for high-speed Internet service for $14.99 a month.
Fast Internet connections are vital for everything from photo and video sharing, multi-player gaming, blogging and video conferencing. Now, for the price of many dial-up plans, consumers can avoid the frustration of slow connections and high-priced cable service by signing up online for Verizon High Speed Internet.
"Verizon is providing consumers the ability to make the Internet connections that are important to them at the speed and price of their choice," said Frank Nelson, director of Verizon Broadband Solutions Group. "They also have the security of knowing that our high-speed service is backed by the reliability of the Verizon network and the skilled Verizon employees who provide great customer care."
Consumers who go online to order Verizon High Speed Internet for one year will get service with speeds up to 768 Kbps (kilobits per second) for $14.99 a month. This is a $30 annual savings over Verizon's previous online offer for its introductory 768 Kbps speed. In addition, Verizon is offering its service with speeds up to 3 Mbps (megabits per second) for an introductory price of $19.99 a month when ordered online.
The 3 Mbps price of $19.99 is for the first six months of an annual plan; the price is $29.99 a month for the remainder of the plan.
No matter what speed or plan customers choose, Verizon High Speed Internet includes 24/7 live customer support, a 30-day money-back guarantee, self- installation kit, a choice of MSN Premium or Verizon Yahoo! services, nine e- mail accounts and 10 MB (megabytes) of personal Web space. For additional information about Verizon high-speed Internet plans consumers can call 1-800- 742-5375 or can visit http://www.verizon.net/dsl to see if the service is available to their homes and to place orders.
Verizon high-speed Internet customers can make the most of their broadband connections through access to a variety of great online experiences, including the most extensive collection of online content anywhere from Disney and ESPN Networks. This programming includes live breaking news from ABC News Now, family games and entertainment with Disney Connection, sports action and exclusive game broadcasts from ESPN360, full-screen film trailers and movie news from Movies.com MAX, and original soap opera programming and soap news from SOAPNETIC.
Verizon Online DSL customers also have access to a variety of NFL Network programs, including weekly previews of NFL Network games and off-season programming.
Verizon also has a number of high-speed Internet plans that offer excellent value for business customers, with maximum connection speeds ranging from up to 768 Kbps/128 Kbps to up to 7.1 Mbps/768 Kbps. For more information on business offerings, visit http://www.verizon.com/ .
Verizon Communications Inc. , headquartered in New York, 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 more than 59 million customers nationwide. Verizon's Wireline operations include Verizon Business, which operates one of the most expansive wholly owned global IP networks, and Verizon Telecom, which is deploying the nation's most advanced fiber-optic network to deliver the benefits of converged communications, information and entertainment services to customers. A Dow 30 company, Verizon has a diverse workforce of approximately 242,000 and last year generated consolidated operating revenues of more than $88 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: Bobbi L. Henson, +1-972-718-2225, bobbi.henson@verizon.com, or Cliff Lee, +1-518-396-1095, clifford.p.lee@verizon.com, both of Verizon
Web site: http://www.verizon.com/ http://www.verizon.net/dsl http://www.verizon.com/news
Company News On-Call: http://www.prnewswire.com/comp/618232.html
Synopsys Discovery AMS Delivers New Level of Performance and Accuracy for Integrated Analog and Mixed-Signal VerificationNew FastSPICE Simulation Technology Enables SPICE Accuracy with FastSPICE Performance
MOUNTAIN VIEW, Calif., April 2 /PRNewswire-FirstCall/ -- Synopsys, Inc. , a world leader in semiconductor design software, today announced the release of Discovery(TM) AMS 2007, a comprehensive, integrated analog and mixed-signal (AMS) verification solution for complex system-on-chip (SoC) designs. Discovery AMS 2007 features three new components-next- generation FastSPICE simulation technology, a new unified AMS debug and visualization environment, and tight integration with Synopsys' VCS(R) digital verification solution-that build upon Synopsys' technology-leading HSIM(R) and NanoSim(R) FastSPICE simulators. These enhancements address the critical need for a mixed-signal verification solution that can achieve "out-of-the-box" SPICE accuracy while maintaining FastSPICE performance and capacity.
Shrinking sub-nanometer geometries introduce significant process variations that increasingly affect circuit performance. Verifying that complex, sub-90-nanometer AMS SoC designs meet specifications while accounting for process variations exponentially increases the number of simulations required. Until now, SPICE simulators did not have the capacity, and FastSPICE simulators could not achieve the accuracy required to simulate today's mixed-signal nanometer designs.
Synopsys' new XA simulation technology allows customers to achieve "out- of-the-box" SPICE accuracy while maintaining FastSPICE performance and capacity. The XA simulation technology is a patent-pending, transistor-level simulation engine designed to augment NanoSim and HSIM as an add-on option. The combination of the XA simulation technology with NanoSim or HSIM delivers the most complete transistor-level verification solution.
"Since its introduction in 2003, Discovery AMS has been adopted by hundreds of design teams worldwide in their production flows," said George Zafiropoulos, vice president of marketing for verification products at Synopsys, Inc. "With Discovery AMS 2007, we have addressed the growing need for SPICE acceleration performance with a solution that builds upon our proven HSIM and NanoSim simulators. Working with leading IC companies such as Renesas Technology allows us to continuously improve our mixed-signal verification solution and deliver breakthrough technology in performance and accuracy, which our HSIM and NanoSim users can leverage through their current investments in our products."
Increasing analog and mixed-signal content in SoC designs is driving both the demand for mixed-signal verification and the need for a unified environment for analog and mixed-signal debug and visualization. With Discovery AMS 2007, both Synopsys' high-performance HSIM and NanoSim circuit simulators are tightly integrated with Synopsys' VCS digital verification solution through direct-kernel integration. The result is higher performance, higher verification throughput and greater flexibility in verifying mixed- signal SoC designs at all levels of abstraction, including SystemC, SystemVerilog, behavioral, gate and transistor level. In addition, Discovery AMS 2007 provides a full-featured, powerful debug and analysis environment that includes both analog and digital analysis capabilities.
"Accurate and timely verification of our complex custom and analog ICs with post-layout parasitics has become a critical factor in the success of our leading-edge IC designs," said Hisaharu Miwa, general manager, Design Technology Division, LSI Product Technology Unit, Renesas Technology Corp. "Discovery AMS, with the combination of HSIM and the XA simulation technology, enabled us to reduce verification time by an average of 5x over traditional FastSPICE and over 50x over SPICE while maintaining SPICE-like accuracy."
Availability
Synopsys' Discovery AMS 2007.03 is available immediately. The NanoSim/ HSIM XA Option is available immediately to HSIM and NanoSim customers.
About Synopsys Discovery AMS
Synopsys offers the industry's most comprehensive portfolio of analog and mixed-signal simulation solutions. The Synopsys Discovery AMS mixed-signal verification solution is based on the leading golden HSPICE simulator, NanoSim simulator, HSIM simulator and VCS simulator. The Discovery AMS solution provides a unique combination of accuracy, performance and capacity with the flexibility of simulating design abstractions in any combination of Verilog, SPICE, Verilog-A and Verilog-AMS. This comprehensive solution enables designers to achieve superior throughput and accuracy for the largest mixed- signal systems on chips (SoCs).
About Synopsys
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/.
NOTE: NanoSim, HSIM, HSPICE, VCS and Synopsys are registered trademarks of Synopsys, Inc. Discovery is a trademark of Synopsys, Inc. All trade names, trademarks or registered trademarks mentioned in this release are the intellectual property of their respective owners.
Synopsys, Inc.
CONTACT: Sheryl Gulizia of Synopsys, Inc., +1-650-584-8635, or sgulizia@synopsys.com; or Rachel Modena Barasch of MCA, Inc., +1-650-325-7547, or rbarasch@mcapr.com
Web site: http://www.synopsys.com/
AsiaInfo to Hold Annual Meeting of Shareholders in Beijing, China on April 24, 2007
BEIJING and SANTA CLARA, Calif., April 2 /PRNewswire-FirstCall/ -- AsiaInfo Holdings, Inc. , a leading provider of telecom software solutions and IT security products and services in China, today announced that it will hold its 2007 annual meeting for shareholders of record in Beijing, China at 3:00 pm on April 24, 2007. A live audio web cast of the meeting will be available on the company's web site at http://www.asiainfo.com/. The shareholder record date is March 1, 2007.
About AsiaInfo Holdings, Inc.
AsiaInfo Holdings, Inc. is a leading provider of high- quality software and customer solutions to many of China's largest enterprises. In addition to providing software and customer solutions to China's telecom carriers, the Company also offers a wide range of security products and services to small, medium and large sized Chinese enterprises across multiple vertical industries.
Organized as a Delaware corporation, AsiaInfo began operations in the United States in 1993. The Company moved its major operations to China in 1995 and played a significant role in the construction of the national Internet backbones and provincial access networks for all of China's major national telecom carriers, including China Telecom, China Mobile, China Unicom and China Netcom. Since 1998, AsiaInfo has continued to diversify its product offerings and is now a major provider of enterprise software solutions in China.
AsiaInfo Holdings, Inc.
CONTACT: US, +1-800-618-0588, or +1-408-970-9788; China, Charles Zhang of AsiaInfo Technologies (China), Inc., +8610 8216-6039, or ir@asiainfo.com; or Rory Macpherson of Ogilvy Public Relations Worldwide, +8610 8520-6553, or rory.macpherson@ogilvy.com
Web site: http://www.asiainfo.com/
AMCC Selects TeamF1's Secure Gateway Solution-with Comprehensive UTM Capabilities-for Sequoia Evaluation KitPreintegrated solution for wired, wireless, VPN applications enables OEMs/ODMs to get appliances to market faster
FREMONT, Calif., April 2 /PRNewswire/ -- TeamF1, Inc. (http://www.teamf1.com/), a leader in embedded networking and security software, has signed an agreement with Applied Micro Circuits Corp. (AMCC) to offer TeamF1's Secure Gateway Solution software on AMCC's Sequoia evaluation kit, which features the PowerPC(R) 440EPx embedded processor. AMCC is a leading vendor of embedded PowerPC processors and packetprocessors.
(Logo: http://send2press.com/mediaroom/07-0130-TeamF1.jpg )
TeamF1's Secure Gateway Solution (SGS) is a member of the SMBware(TM) family of customized turnkey solutions that enable OEMs to bring to market advanced/powerful, next-generation devices for the small-to-medium business (SMB) market.
"With its modular packaging of comprehensive software features and built- in hardware acceleration for high-performance security, our Secure Gateway Solution is a good fit with AMCC's security-enhanced processor," said Mukesh Lulla, president of TeamF1. "SGS not only provides OEMs preintegrated and validated turnkey advanced VPN/firewall/router packages, but also easy-to-use device management features under a flexible licensing model."
AMCC's Sequoia platform is based around the PowerPC 440EPx embedded processor, which includes a Turbo Security Engine that offloads and accelerates processing of standards-based security protocols such as IPsec and SSL.
"We are pleased that TeamF1 is extending their support for our PowerPC processors to include the 440EPx," said Charlie Ashton, director of software at AMCC. "By making TeamF1's Secure Gateway Solution's advanced wired secure networking and Draft 802.11n secure access point features available on the 440EPx Sequoia platform, we make it easier for OEMs and ODMs to develop best- in-class wired and wireless networking products and bring them to production in the shortest time possible."
The two companies previously announced their commitment to jointly develop highly integrated, advanced networking and security platforms for OEMs and ODMs in the Wi-Fi(R) and VPN application space. Their partnership focuses on demonstrating advanced hardware architectures and optimized software components and solutions designed to leverage specialized hardware resources.
TeamF1 will be in AMCC's booth (# 2402) at the Embedded Systems Conference-Silicon Valley, April 3-5 in San Jose, where more details on the Secure Gateway Solution will be available. In addition, TeamF1 will demonstrate its secure access point software (Air Secure Access Point or "ASAP") on the Sequoia platform.
Availability
Prototypes of the Secure Gateway Solution on Sequoia will be available in the second quarter of 2007. General availability will be in the third quarter of this year.
ASAP is available now.
About TeamF1
TeamF1, Inc. a privately held corporation headquartered in Fremont, California, is a leader in high performance embedded networking and security software. TeamF1's products enable secure networking of telecom/datacom and industrial equipment, and provide the infrastructure components needed for switching and wireless products in various market segments. For more information visit the company's website at http://www.teamf1.com/ or contact TeamF1 Public Relations at 510/505-9931 or email pr _at_ TeamF1.com.
TeamF1
CONTACT: Rica Ortiz, Public Relations of TeamF1, Inc., +1-510-505-9931, pr@TeamF1.com
Web site: http://www.teamf1.com/
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