Companies news of 2007-04-13 (page 1)
Anixter International Announces First Quarter 2007 Earnings Conference Call
Gerber Scientific Announces Signing of Letter of Intent to Acquire Data Technology, Inc.
Idea Integration to Exhibit at 2007 SAS(R) Global Forum
Anaren, Inc. Earnings Release and Conference Call Reporting Information
Next Inning Technology Publishes State of Tech Report: Updates Outlooks for Apple, Dell,...
Interactive 3-D Holographic Display Firm Teams With CREDITZ(R) Digital Currency
Canadian Solar Schedules First Quarter 2007 Results Conference Call
GI Joe's Turned 'Joe's' Launches Updated Webstore Redesigned by E-Commerce Partner GSI...
Atari's 'ArmA: Combat Operations' Goes Gold- New Realistic Military Combat Simulation Game...
SunCom Wireless Announces Preliminary First Quarter 2007 ResultsImproved EBITDA Supported...
Blockbuster Inc. Names Nick Shepherd Senior Executive Vice President and Chief Operating...
PC World ranks two Lexmark color laser printers in top five
Magna Confirms Involvement in Potential Sale of Chrysler Group
Raytheon Receives $13 Million in Army Contracts for Patriot Missile Facility Support
Motorola First-Quarter 2007 Earnings Results to be Issued on 18 AprilPresentation by...
ChipMOS ANNOUNCES SHARE EXCHANGE TRANSACTION WITH ChipMOS TAIWAN
ChipMOS RELEASED UNAUDITED PRO FORMA FINANCIAL INFORMATION AS OF AND FOR THE YEAR ENDED...
Broadcom Charges Qualcomm with Unfair Competition, Fraud and Breach of Contract
Semitool Provides Update on Second Quarter Revenue and Bookings
ChipMOS SCHEDULES FIRST QUARTER 2007 RESULTS CONFERENCE CALL
Plateau Wireless Selects TruePosition to Provide E-911 Phase II Location Solution
Digital Home Sets Getting Closer to Common Chinese Consumers
Bull annonce la signature d'un accord avec le Gouvernement du Royaume du Maroc pour...
Mark Lucas Named to Imation Board
China Technology Announces the Proposed Change of Board of Directors
ALONG Mobile Technologies Inc Announces Its New WAP Strategy
Autonomy Corporation plc: Scheduling of First Quarter 2007 Results and Conference Call
FEI Company Announces Dates for Investor Meetings and First Quarter Financial Release
WebSideStory Reports Option Grants Under NASDAQ Marketplace Rule 4350
Anixter International Announces First Quarter 2007 Earnings Conference Call
GLENVIEW, Ill., April 13 /PRNewswire-FirstCall/ -- Anixter International Inc. , the world's leading distributor of communication products, electrical and electronic wire & cable and a leading distributor of fasteners and other small parts ("C" Class inventory components) to Original Equipment Manufacturers, today announced that it will report final results for the first quarter of 2007 on Tuesday, April 24th, 2007, and broadcast a conference call to discuss these results at 9:30 am central time.
The call will be Webcast by CCBN and can be accessed at Anixter's Website at http://www.anixter.com/webcasts. The Webcast also will be available over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at http://www.companyboardroom.com/, or by visiting any of the investor sites in CCBN's Individual Investor Network (such as America Online's Personal Finance Channel and Fidelity.com). Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (http://www.streetevents.com/). The Webcast will be archived on all of these sites for 30 days.
About Anixter
Anixter is the world's leading distributor of communication products, electrical and electronic wire & cable and a leading distributor of fasteners and other small parts ("C" Class inventory components) to Original Equipment Manufacturers. The company adds value to the distribution process by providing its customers access to 1) more than 350,000 products and over $900 million in inventory, 2) 220 warehouses with more than 5.5 million square feet of space, and 3) locations in 247 cities in 49 countries. Founded in 1957 and headquartered near Chicago, Anixter trades on The New York Stock Exchange under the symbol AXE.
Additional information about Anixter is available on the Internet at http://www.anixter.com/
Anixter International Inc.
CONTACT: Dennis Letham, Chief Financial Officer of Anixter International Inc., +1-224-521-8601; or Investor Inquiries, Chris Kettmann of Ashton Partners, +1-312-553-6716, for Anixter International Inc.
Web site: http://www.anixter.com/
Gerber Scientific Announces Signing of Letter of Intent to Acquire Data Technology, Inc.
SOUTH WINDSOR, Conn., April 13 /PRNewswire-FirstCall/ -- Gerber Scientific, Inc. announced today that it has signed a non-binding letter of intent to acquire Data Technology, Inc., a leading manufacturer of automated cutting hardware for the design, die making and short run production segments of the packaging and graphics industries.
Data Technology, Inc., a privately owned company based in Wilmington, MA with annual revenue of approximately $10 million, has a long history of providing innovative solutions. The recent release of its M platform cutting solutions extends the company's performance and technical capabilities. With about 3,000 installations worldwide, Data Technology has established itself as a trusted industry leader.
Marc T. Giles, President and CEO of Gerber Scientific, Inc., stated: "Our corporate strategy has been to supplement organic growth with key strategic acquisitions. Data Technology will enable Gerber to provide the sign making, specialty graphics and package and print industries with the greatest range of precision cutting technologies. These products will also be attractive to Gerber Technology customers, and we plan to leverage this opportunity. We are excited about this addition to our product offering and look forward to building on our combined heritage of innovation and process automation for our customers."
David H. Buckley, President and CEO of Data Technology, Inc., added: "We are looking forward to joining the Gerber team. This strategic alignment will provide Data Technology with the opportunity to expand its global market reach through Gerber's vast distribution channels."
Greg McCarter, COO of Tubelite Inc., a leading distributor of Gerber's sign making and specialty graphics products, commented: "As one of Gerber's largest distributors, we believe that this acquisition will significantly enhance Gerber's product offerings in this fast growing marketplace. We look forward to working with the Data Technology team over the coming months and years."
Gerber Scientific and Data Technology are in the process of concluding a definitive purchase agreement. We expect to complete the acquisition early in the first quarter of fiscal year 2008, which ends July 31, 2007.
About Gerber Scientific, Inc.
Gerber Scientific, Inc. (http://www.gerberscientific.com/) is a leading international supplier of sophisticated automated manufacturing systems for sign making and specialty graphics, apparel and flexible materials, and ophthalmic lens processing. Headquartered in South Windsor, Connecticut, the company operates through four businesses: Gerber Scientific Products and Spandex Ltd., Gerber Technology, and Gerber Coburn.
Forward-looking Statements:
In addition to the historical information contained herein, there are matters discussed that are considered to be "forward-looking statements." These forward-looking statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental, and technological factors affecting the Company's operations, markets, products, and services, that could significantly affect results in the future. For a discussion of other risk factors relating to the Company's business, see the Company's Annual Report on Form 10-K for the year ended April 30, 2006, as filed with the Securities and Exchange Commission. The forward-looking statements contained in this release are made as of the date of this release, and the Company expressly disclaims any obligation to update or revise any forward- looking statements contained in this release, except as required by law.
Gerber Scientific, Inc.
CONTACT: Jay Zager, of Gerber Scientific, Inc., +1-860-644-1551
Web site: http://www.gerberscientific.com/
Idea Integration to Exhibit at 2007 SAS(R) Global Forum
JACKSONVILLE, Fla., April 13 /PRNewswire-FirstCall/ -- Idea Integration, the technology solutions unit of MPS Group, Inc. , will be exhibiting at the SAS Global Forum on April 16-19, in Orlando, Florida, at the Walt Disney World Dolphin Resort.
Idea is an Alliance Cafe sponsor and will be exhibiting at booth #79 to discuss current challenges and upcoming SAS initiatives. As an SAS Silver Alliance partner, Idea will be presenting the benefits of its SAS national practice specific to business intelligence, analytics, data integration, ESRI and SAS solutions. Idea's SAS practice encompasses many verticals, including financial services, health and life sciences, retail, CPG and many others.
SAS Global Forum is a non-profit organization that is open to all SAS software users throughout the world. The organization was formed to provide a means for SAS software users to exchange ideas, explore ways of using SAS software, and participate in activities of mutual interest. For more information on the SAS Global Forum, please visit http://support.sas.com/events/sasglobalforum/2007/index.html. SAS is a registered trademark of the SAS Institute.
About Idea Integration
Idea Integration is an IT consulting and technology solutions firm specializing in application development, digital data management, business intelligence, infrastructure, information security, and interactive marketing. Idea serves clients throughout the United States with high value application consulting services. For more information, please visit http://www.idea.com/.
About MPS Group
MPS Group is a leading provider of staffing, consulting, and solutions in the disciplines of information technology, finance and accounting, law, engineering, and healthcare. MPS Group delivers its services to government entities and businesses in virtually all industries throughout the United States, Canada, the United Kingdom, and Europe. A Fortune 1000 company with headquarters in Jacksonville, Florida, MPS Group trades on the New York Stock Exchange. For more information about MPS Group, please visit http://www.mpsgroup.com/.
MPS Group, Inc.
CONTACT: Tyra Tutor, Senior Vice President, Corporate Development of MPS Group, Inc., +1-904-360-2500, tyra.tutor@mpsgroup.com
Web site: http://www.idea.com/ http://www.mpsgroup.com/ http://support.sas.com/events/sasglobalforum/2007/index.html
Anaren, Inc. Earnings Release and Conference Call Reporting Information
SYRACUSE, N.Y., April 13 /PRNewswire-FirstCall/ -- Anaren, Inc.'s 3rd Quarter 2007 financial results will be released after the market closes on Thursday, April 26, 2007 via "PR Newswire".
(Logo: http://www.newscom.com/cgi-bin/prnh/20021022/NYTU197LOGO )
Anaren's President and CEO, Lawrence A. Sala, will host a live teleconference, open to the public on the Anaren Investor Info, Live Webcast Web Site (http://www.anaren.com/) and http://www.thomson.com/financial at http://www.streetevents.com/ the same day at 5:00 p.m. (ET). A replay of the conference call will be available at 8:00 p.m. (ET) beginning April 26, 2007 through midnight April 30, 2007. To listen to the replay, interested parties may dial in the U.S. at 888-203-1112 and International at 719-457-0820. The access code is 8436051. If you are unable to access the Live Webcast, the dial in number for the U.S. is 800-269-6183 and International is 719-457-2682.
Anaren designs, develops, manufactures and sells highly integrated microwave component assemblies and subsystems for the wireless communications, satellite communications and defense electronics markets.
Photo: http://www.newscom.com/cgi-bin/prnh/20021022/NYTU197LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Anaren, Inc.
CONTACT: Lawrence A. Sala, President-CEO, or Joseph E. Porcello, VP Finance, of Anaren, Inc., +1-315-432-8909
Web site: http://www.anaren.com/
Next Inning Technology Publishes State of Tech Report: Updates Outlooks for Apple, Dell, Gateway, and Hewlett-Packard
PRINCETON, N.J., April 13 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), a subscription service focused on semiconductor and technology stocks, announced it has published the State of Tech report with updated outlooks for Apple , Dell , Gateway , and Hewlett-Packard .
New subscribers will also receive Next Inning's March State of Tech report, a $149 value, free when they sign up for a complimentary 21-day trial subscription to Next Inning. In its entirety, the State of Tech report is nearly 100 pages chock-full of charts, tables, and actionable investment commentary designed to help investors capitalize on the upcoming earnings season:
https://www.nextinning.com/subscribe/index.php?refer=prn463
In his State of Tech report, Editor Paul McWilliams wrote: "As I've written frequently, when it comes to developing technology that people enjoy using, no one does it better than Apple. This is largely due to the fact that Apple leverages easy and intuitive human interfaces to what would otherwise be complex technology. While the press was calling the iPod nothing more than a hard disk with a go button, those who understood how people prefer to interact with technology were quick to say, 'exactly'..."
McWilliams also looks at these topics:
-- Why does McWilliams believe that Apple TV is potentially a more
important product than the iPhone? Should investors consider buying
shares of Apple at current prices? Is McWilliams concerned about
Apple's stock option investigation?
-- Does McWilliams believe that Michael Dell will be able to successfully
resurrect the value of his namesake brand?
-- What strategy does McWilliams recommend for investors interested in
Hewlett-Packard?
-- Does Gateway have any realistic upside potential from current prices?
Founded in September 2002, Next Inning's model portfolio has returned 302% since its inception versus 91% for the Nasdaq.
About Next Inning:
Next Inning is a subscription financial newsletter focused on technology stocks. Editor Paul McWilliams is a 20+-year industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC (CRD #131926), a registered investment advisor with the NASD and State of NJ. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcie Martin Next Inning Technology Research, +1-888-278-5515
Indie Research Advisors, LLC
CONTACT: Marcie Martin of Next Inning Technology Research, +1-888-278-5515
Web site: http://www.findprofit.com/ https://www.nextinning.com/subscribe/index.php?refer=prn463
Interactive 3-D Holographic Display Firm Teams With CREDITZ(R) Digital Currency
LAS VEGAS, April 13 /PRNewswire-FirstCall/ -- CEO America, Inc. (Pink Sheets: CEOA), exclusive US licensee of CREDITZ(R) Digital Currency, today announced the signing of a joint marketing agreement with Provision Interactive Technologies, Inc. ("Provision"), a leading purveyor of intelligent interactive 3D holographic display technologies, software, and integrated solutions for both commercial and consumer focused applications. The agreement is designed to provide both organizations with a unique, integrated promotional system for their retail clients.
The agreement will enable Provision to market CREDITZ Digital Currency as promotional currency in conjunction with Provision's innovative digital signage systems. Provision will also represent CREDITZ to its retail clients, to facilitate co-op advertising, loyalty and promotional programs.
"CREDITZ has a unique system that combines a cost effective transaction engine and marketing capabilities, when combined with our 3-D holographic displays, can demonstrate Provision as an innovator in the retail space," said Curt Thornton, CEO of Provision. "We are excited about the potential impact CREDITZ will bring to our products and services and we believe that our clients and prospects will quickly realize the value of the CREDITZ system, especially when combined with our 3D holographic displays."
"CREDITZ Digital Currency and Provision's truly amazing visual experience for retailers and their customers represents the future of retail," stated Charlie Weber, CEO of CEOA. "Imagine the consumer being greeted at the store entrance with a floating 3D image, informing them about new products and services and then offered Digital Currency to purchase or look for products in aisle 14 of the store!" He further stated, "Retailers are seeking marketing solutions using today's technologies to increase revenues, reduce costs and most importantly enhance the intimacy with their customers." Weber also added, "We are thrilled to be working with Provision to bring this exciting value proposition to the American retail industry."
Provision's display systems represent a revolutionary technology that provides the projection of high resolution holographic like 3D aerial images into space detached from any screen, without any glasses. Their interactive display technologies deliver images that engage and inform customers at point of sale and in-store advertising locations in a dramatic and persuasive manner, thereby influencing customers in their purchase-making decisions.
About CEO America, Inc.
CEO America Inc. (Pink Sheets: CEOA) has the exclusive U.S. license of the CREDITZ(R) Digital Currency System. Using IBM's latest database and infrastructure technology, CREDITZ is a unique global payment, marketing and loyalty system that is universal, replaces cash, and provides spendable CREDITZ Digital Currency to consumers. CREDITZ are paid to customers for behavior, and merchants can earn incremental revenue from that behavior. CREDITZ is the first payment system to integrate 21st century technology for micro-payments, loyalty, marketing and business intelligence into its operating platform. It is also the world's first digital currency -- the transaction and marketing engine for the digital economy. For more information, go to http://www.creditz.com/ .
About Provision
Provision Interactive Technologies, Inc. is the leading purveyor of intelligent interactive 3D holographic display technologies, software, and integrated solutions for both commercial and consumer focused applications. Provision's 3D holographic display systems represent a revolutionary technology that provides the projection of high resolution aerial images into space detached from any screen, without any special glasses. Provision is currently the market leader in true 3D consumer advertising display products being implemented by leading consumer focused Fortune 100 companies. Founded in 2001 Provision is headquartered in the greater Los Angeles area. To learn more, please visit http://www.provision.tv/
Forward-looking statement disclaimer. This document contains forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, particularly statements words such as "anticipates," "estimates," "expects," "projects," "intends," "plans," "believes" and words and terms of similar substance used in connection with any discussion of future operating or financial performance identify forward-looking statements. Our business is subject to numerous risks and uncertainties including our ability to raise sufficient capital to finance our operations. Other factors and risks could adversely affect our business in the future and could also cause actual results to differ materially from those contained in the forward- looking statements.
CEO America, Inc.
CONTACT: Larry Bracco of CEO America, Inc., +1-310-395-6500, ext. 214, lawrence.bracco@creditz.com
Web site: http://www.creditz.com/ http://www.provision.tv/
Canadian Solar Schedules First Quarter 2007 Results Conference Call
JIANGSU, China, April 13 /Xinhua-PRNewswire/ -- Canadian Solar Inc. ("the Company'') today announced that it will hold a conference call with investors and analysts on Monday, May 14, 2007 (in Jiangsu) at 9 p.m. to discuss results for the Company's first quarter 2007 and business outlook. This will be 9 a.m. in New York on Monday, May 14, 2007.
The news release announcing the first quarter 2007 results will be disseminated on May 14, 2007 after the Nasdaq stock market closes.
The dial-in number for the live audio call beginning at 9 p.m. (in Jiangsu) on Monday, May 14, 2007 or 9 a.m. (in New York) on Monday, May 14, 2007 is +1-800-322-2803 or +1-617-614-4925 (international). The passcode is 46828385. A live webcast of the conference call will be available on Canadian Solar's website at http://www.csisolar.com/ .
A replay of the call will be available 1 hour after the conclusion of the conference call through noon on Monday, May 21, 2007 (in Jiangsu) or midnight on Monday, May 21, 2007 (in New York) at http://www.csisolar.com/ and by telephone at +1-888-286-8010 or +1-617-801-6888 (international). The passcode to access the replay is 89796178.
About Canadian Solar Inc.
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar module and customer-designed solar application products serving worldwide customers. CSI is incorporated in Canada but conducts its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information visit http://www.csisolar.com/ .
For more information, please contact:
In Jiangsu, P.R. China
Bing Zhu, Chief Financial Officer
Canadian Solar Inc.
Tel: +86-512-6269-6755
Email: ir@csisolar.com
In the U.S.
David Pasquale
The Ruth Group
Tel: +1-646-536-7006
Email: dpasquale@theruthgroup.com
Canadian Solar Inc.
CONTACT: In Jiangsu, P.R. China, Bing Zhu, Chief Financial Officer of Canadian Solar Inc., +86-512-6269-6755, or ir@csisolar.com; or In the U.S., David Pasquale of The Ruth Group, +1-646-536-7006, or dpasquale@theruthgroup.com, for CSIQ
Web Site: http://www.csisolar.com/
GI Joe's Turned 'Joe's' Launches Updated Webstore Redesigned by E-Commerce Partner GSI CommerceNew Site Reflects Re-Naming and Focus on Broader Consumer Audience
KING OF PRUSSIA, Pa., April 13 /PRNewswire-FirstCall/ -- As outdoor sporting enthusiasts shed their winter layers and gear up for spring, GI Joe's has shed its outer layer to reveal a redesigned and reorganized webstore under its new identity, "Joe's." The updated webstore, http://www.joessports.com/, was redesigned by Joe's e-commerce platform provider GSI Commerce, Inc. to reflect its new brand and align its online presence with its physical stores. Joe's became the company's official name on April 1. In addition to updated branding and a reorganized product catalog, Joe's new online store incorporates enhanced features and functionality to address the online shopping needs of its expanding consumer base as Joe's broadens its appeal to women and children.
"Joe's has evolved quite a bit during its 55-year history, and the re-branding of our company, our physical stores and our online store is an accurate reflection of who we are today and how our customers view us," said Norm Daniels, president and CEO of Joe's. "As we continue to grow as a company and expand our product offerings to appeal to a broader audience, we want to ensure every customer touch point -- online and off -- supports our brand promise and results in a positive interaction. With their expertise in e-commerce and interactive design, GSI is helping us deliver on that promise."
A few of the additional features GSI integrated into Joe's new webstore include dynamic displays of top brands, additional content layers that let visitors select from sub-category links, and graphic displays that change automatically by recognizing the time of day at the site visitor's location.
"We're glad to be a part of Joe's re-naming effort, through which they're embracing the present and the future, without losing sight of their roots," said Rob Schmults, GSI's vice president, Sporting Goods Business Management. "GSI recognizes how important it is for leading retailers like Joe's to ensure customers have a consistently branded experience across channels. Our design and marketing services division worked closely with Joe's to ensure the new site reflects their core brand components and messaging to support their business both online and in Joe's physical stores."
About GSI Commerce
GSI Commerce is a leading provider of e-commerce solutions that enable retailers, branded manufacturers, entertainment companies and professional sports organizations to operate e-commerce businesses. We provide solutions for our partners through our integrated e-commerce platform, which is comprised of three components: technology, logistics and customer care, and marketing services. We provide e-commerce solutions for more than 60 partners. Visit us at http://www.gsicommerce.com/.
Forward-Looking Statements
All statements made in this release, other than statements of historical fact, are forward-looking statements. Actual results might differ materially from what is expressed or implied by these forward-looking statements. Additional information about potential factors that could affect GSI Commerce can be found in its most recent Form 10-K, Form 10-Q and other reports and statements filed by GSI Commerce with the SEC. GSI Commerce expressly disclaims any intent or obligation to update these forward-looking statements.
GSI Commerce, Inc.
Corporate Marketing
610.491.7474
Fax: 610.265.2866
news@gsicommerce.com
GSI Commerce
CONTACT: Corporate Marketing of GSI Commerce, Inc., +1-610-491-7474, fax, +1-610-265-2866, news@gsicommerce.com
Web site: http://www.gsicommerce.com/ http://www.joessports.com/
Atari's 'ArmA: Combat Operations' Goes Gold- New Realistic Military Combat Simulation Game Set to Ship May 1 in North America -
NEW YORK, April 13 /PRNewswire-FirstCall/ -- Atari, Inc. , one of the world's most recognized brands and a third-party video game publisher, today announced that ArmA: Combat Operations has gone gold and is on schedule to ship to stores nationwide on May 1. Developed by Bohemia Interactive, ArmA: Combat Operations is a military combat simulation game and will be available for the Windows platform for the suggested retail price of $39.95. The game is currently available in Europe under the name ArmA: Armed Assault.
In ArmA: Combat Operations, players will engage in a story-driven single- player campaign or take part in huge multiplayer battles with more than 50 players on one battlefield simultaneously. Featuring a vast environment with more than 250 square miles to explore, ArmA: Combat Operations allows players to pilot or drive more than 30 vehicles including APCs, tanks, self-propelled anti-aircraft guns, helicopters and fighter planes. The game features an extremely powerful built-in editor which encourages players to create and share complex missions as well as import user-created units and maps.
"Fans of Operation Flashpoint(TM) have been eagerly awaiting the next game from the talented team at Bohemia Interactive," said Jeremiah Cohn, Product Manager, Atari, Inc. "We are thrilled to deliver an incredibly realistic military combat title for the PC."
ArmA: Combat Operations will offer the ultimate realistic combat simulation experience in a modern day setting. With exceptional freedom of movement, actions and tactics, the game allows players to immerse themselves in realistic and engaging battles.
For more information on ArmA: Combat Operations, please visit http://www.atari.com/arma.
About Atari, Inc.
New York-based Atari, Inc. develops interactive games for all platforms and is a third-party publisher of interactive entertainment software in the U.S. The Company's 1,000+ titles include hard-core, genre- defining franchises such as Test Drive(R); and mass-market and children's franchises such Dragon Ball Z(R). Atari, Inc. is a majority-owned subsidiary of France-based Infogrames Entertainment SA (Euronext - ISIN: FR-0000052573), an interactive games publisher in Europe. For more information, visit http://www.atari.com/.
Safe Harbor Statement
With the exception of the historical information contained in this release, the matters described herein contain certain "forward-looking statements" that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may vary materially from those expressed or implied by the statements herein. Some of the factors which could cause our results to differ materially include the following: the loss of key customers, such as Wal-Mart, Best Buy, Target, and GameStop; delays in product development and related product release schedules; inability to secure capital; adapting to the rapidly changing industry technology, including new console technology; maintaining relationships with leading independent video game software developers; maintaining or acquiring licenses to intellectual property; fluctuations in the Company's quarterly net revenues and results of operations based on the seasonality of our industry; the termination or modification of our agreements with hardware manufacturers; and other factors described in our SEC filings.
The Company undertakes no duty to update any forward-looking statements to conform the statement to actual results or changes in the Company's expectations.
(C) 2007, Atari, Inc. All rights reserved. ATARI, the ATARI logo, and classic Atari game titles and logos are trademarks or registered trademarks of Atari Interactive, Inc. or its affiliates.
ArmA: Combat Operations Copyright (C) 2007 Bohemia Interactive a.s. All rights reserved. Developed by Bohemia Interactive a.s. Published and marketed by Atari, Inc., New York, NY.
Operation Flashpoint is the trademark of the Codemasters Software Company Limited ("Codemasters"). The game "Operation Flashpoint" was developed by Bohemia Interactive Studio and published by Codemasters. ARMA: Combat Operations was developed by Bohemia and is published by Atari. Neither Bohemia nor Atari are affiliated with, authorized by or related to Codemasters.
All other trademarks are the property of their respective owners.
Atari, Inc.
CONTACT: Alissa Bell of Atari, Inc., +1-212-726-4217, alissa.bell@atari.com; or Laura Weir of fortyseven communications, +1-323-658-1200, laura@fortyseven.com, for Atari, Inc.
Web site: http://www.atari.com/ http://www.atari.com/arma
SunCom Wireless Announces Preliminary First Quarter 2007 ResultsImproved EBITDA Supported by Higher ARPU, Cost Improvements and Subscriber Count
BERWYN, Pa., April 13 /PRNewswire-FirstCall/ -- SunCom Wireless Holdings, Inc. (BULLETIN BOARD: SWSH.OB) today released preliminary first quarter 2007 subscriber results and an expected range of Adjusted EBITDA for the quarter. Adjusted EBITDA for the first quarter 2007 is expected to be in a range of $42.0 to $44.0 million compared with $7.4 million in the first quarter 2006. We estimate that cash flow from operations will be a positive $9.0 million in the first quarter of 2007 compared with a usage of $21.6 million a year ago.
The increase in Adjusted EBITDA over the prior year period reflects a greater than $4 increase in average revenue per user (ARPU), improvements in the company's cost structure and a 113,000 increase in subscribers.
Service revenues for the quarter were approximately $186.4 million compared with $155.5 million in the first quarter of 2006. The increased service revenue was driven by higher ARPU of $55.70 and the increased subscriber count. The higher ARPU reflects the addition of subscribers at higher access points, and higher feature and miscellaneous revenues. Roaming revenues were approximately $22.0 million compared with $21.5 million a year ago.
"The increase in ARPU during the first quarter 2007 is strong evidence that the consumer continues to see tremendous value in SunCom's offerings and reflects the fourth consecutive quarter of improving ARPU." said Michael E. Kalogris, Chairman and CEO of SunCom.
Improvements in the company's cost structure were driven by the decommissioning of its TDMA network, efficiencies in its GSM network, a reduction of incollect expenses and the benefits of fixed-cost leverage.
SunCom added a net 33,646 subscribers on gross additions of 107,851 to end the quarter with 1,120,838 subscribers. Bill Robinson, Executive Vice President of Operations said, "The slight decline in gross and net add performance in the first quarter reflects a conscious strategy to pursue higher ARPU subscribers." In the first quarter 2006, the company added 41,292 net subscribers on gross additions of 116,315.
Continental U.S. operations accounted for 20,136 net additions with the Puerto Rico operations accounting for 13,510 net additions in the first quarter of 2007. Gross additions were 68,106 in the continental U.S. and 39,745 in Puerto Rico compared with 78,960 and 37,355, respectively, a year ago.
The results reported in this release are preliminary and subject to further review and refinement by management and SunCom's independent auditors. The company expects to update first quarter earnings to include more detailed results in early May 2007.
About SunCom Wireless
SunCom Wireless is a leader in offering digital wireless communications services to consumers in the Southeastern United States, Puerto Rico and the U.S. Virgin Islands. With more than 1 million subscribers, SunCom is committed to being a different kind of wireless company focused on treating customers with respect, offering simple, straightforward plans and providing access to the largest GSM network and the latest technology choices. SunCom Wireless is a proud provider of Wireless AMBER Alerts. For more information about SunCom products and services, visit http://www.suncom.com/ or call 877-CALL-SUN (1-877-225- 5786).
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
We utilize certain financial measures that are not calculated in accordance with accounting principles generally accepted in the United States (GAAP) to assess our financial performance. A non-GAAP financial measure is defined as a numerical measure of a company's financial performance that (i) excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the comparable measure calculated and presented in accordance with GAAP in the statement of income or statement of cash flows; or (ii) includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the comparable measure so calculated and presented. Our method of computation may or may not be comparable to other similarly titled measures of other companies. The following tables reconcile our non-GAAP financial measures with our financial results presented in accordance with GAAP. Both the non-GAAP and GAAP figures for the three months ended March 31, 2007 are preliminary and subject to change. The Adjusted EBITDA reconciliation, for the three months ended March 31, 2007, reconciles the high and low of the range provided for our preliminary Adjusted EBITDA with cash flow provided by operations.
Three
Range for Months
Three Months Ended Ended
March 31, March 31,
Adjusted EBITDA (in millions) 2007 2007 2006
Net cash provided by (used in)
operating activities $ 9.0 $ 9.0 ($21.6)
Change in operating assets and liabilities 3.9 5.9 1.9
Deferred income taxes (2.7) (2.7) (3.3)
Interest expense 38.4 38.4 37.7
Accretion of interest (1.2) (1.2) (1.1)
Interest and other income (2.4) (2.4) (4.1)
Bad debt expense (6.5) (6.5) (5.9)
Income tax expense 3.5 3.5 3.8
Adjusted EBITDA $ 42.0 $ 44.0 $7.4
The table above reconciles Adjusted EBITDA with what management believes is the most directly comparable GAAP measure of liquidity, cash provided by (used in) operating activities. Adjusted EBITDA can also be calculated as net loss plus net interest expense, income taxes, depreciation and asset disposal and amortization and non-cash compensation. We believe Adjusted EBITDA provides a meaningful measure of liquidity, providing additional information on our cash earnings from on-going operations, our ability to service our long-term debt and other fixed obligations and our ability to fund continued growth with internally generated funds. Adjusted EBITDA is also considered by many financial analysts to be a meaningful indication of an entity's ability to meet its future financial obligations. Adjusted EBITDA should not be construed as an alternative to cash flows from operating activities as determined in accordance with GAAP.
Three Months Ended
March 31,
Average revenue per user (ARPU) 2007 2006
(Dollars in thousands,
except ARPU)
Service revenue $ 186,435 $ 155,467
Subscriber retention credits 358 256
Revenues not generated by wireless
subscribers (2,309) (3,175)
Adjusted service revenue $ 184,484 $ 152,548
Average subscribers 1,104,015 986,468
ARPU $ 55.70 $ 51.55
We believe ARPU, which calculates the average service revenue billed to an individual subscriber, is a useful measure to evaluate our past billable service revenue and assist in forecasting our future billable service revenue. ARPU is exclusive of service revenue credits made to retain existing subscribers and revenue not generated by wireless subscribers. Service revenue credits are discretionary reductions of the amount billed to a subscriber. We have no contractual obligation to issue these credits; therefore, ARPU reflects the amount subscribers have contractually agreed to pay us based on their specific usage pattern. Revenue not generated by wireless subscribers, which primarily consists of Universal Service Fund program revenue, is excluded from our calculation of ARPU, as this revenue does not reflect amounts billed to subscribers. ARPU is calculated by dividing service revenue, exclusive of service revenue credits made to existing subscribers and revenue not generated by wireless subscribers, by our average subscriber base for the respective period. For quarterly periods, average subscribers is calculated by adding subscribers at the beginning of the quarter to subscribers at the end of the quarter and dividing by two.
SunCom Wireless Holdings, Inc.
CONTACT: media, Rose B. Cummings, APR, Executive Director of Corporate Communications, +1-704-858-5199, or media@suncom.com, or investors, Steven M. Somers, CFA Executive Director of Investor Relations & Corporate Development, +1-610-651-5900, or ssomers@suncom.com
Web site: http://www.suncom.com/
Blockbuster Inc. Names Nick Shepherd Senior Executive Vice President and Chief Operating Officer
DALLAS, April 13 /PRNewswire-FirstCall/ -- Blockbuster Inc. announced today it has named company veteran Nick Shepherd Senior Executive Vice President and Chief Operating Officer. In his new position Shepherd will be responsible for all aspects of the company's global store and online operations. He will continue reporting to John F. Antioco, Blockbuster Chairman and CEO.
"This appointment reinforces Blockbuster's ongoing efforts to maximize the synergies of its online and retail store operations so that we can continue to build on the success of BLOCKBUSTER Total Access(TM) and better serve our customers," said John Antioco, Blockbuster Chairman and CEO. "This move also recognizes the many valuable contributions Nick has made to Blockbuster in his 12 years with the company. His unique domestic and international experience, combined with his keen leadership skills, is a tremendous benefit to Blockbuster."
Prior to this announcement Shepherd was executive vice president and president, worldwide stores for Blockbuster. He now assumes responsibility for Blockbuster's online operations, and continues to be responsible for Blockbuster's global marketing, product, merchandising and distribution efforts, and studio relations.
Shepherd has been with Blockbuster since 1995 and has served in a variety of capacities including president worldwide stores; executive vice president and chief marketing and merchandising officer; chief concept officer; senior vice president of international; and vice president and managing director of the company's United Kingdom business.
Prior to joining Blockbuster, Shepherd worked in the retail consumer electronics industry, the restaurant and retail food store business, and food and drink manufacturing. He has held senior positions both in the UK and other foreign countries with a number of major corporations, including Grand Metropolitan Plc, Allied Lyons Plc and British retailer Kingfisher Plc.
About Blockbuster
Blockbuster Inc. is a leading global provider of in- home movie and game entertainment, with more than 8,000 stores throughout the Americas, Europe, Asia and Australia. The company may be accessed worldwide at http://www.blockbuster.com/.
Blockbuster Inc.
CONTACT: Media: Karen Raskopf, SVP, Corporate Communications, or Randy Hargrove, Sr. Director, Corporate Communications, +1-214-854-3190, or Investors: Angelika Torres, Director, Investor Relations, +1-214-854-4279, all of Blockbuster
Web site: http://www.blockbuster.com/
PC World ranks two Lexmark color laser printers in top five
LEXINGTON, Ky., April 13 /PRNewswire-FirstCall/ -- PC World, a leading technology publication, recently ranked the Lexmark C500n and the Lexmark C530dn in the top five of its Top 10 Color Laser Printers list. The printers were chosen based on print quality, speed and price.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020819/LEXMARKLOGO )
"Lexmark's line of color laser printers offers high quality, reliable performance for businesses ranging from the small office to the large enterprise, giving them affordable access to color printing capabilities," said Paul Rooke, Lexmark executive vice president and president of its Printing Solutions and Services Division. "We are pleased to receive this recognition from PC World."
Priced at just $349* with fast speeds of up to 31 pages per minute (ppm) in monochrome and 8 ppm in color, the Lexmark C500n can easily serve as the primary printing device for customers who require color but also print large volumes of black and white documents. The Lexmark C500n also comes standard with networking so the printer can easily be shared by several users in a small workgroup, reducing the cost of maintenance and supplies.
"The Lexmark C500n prints fast, high-quality text at a competitive price," PC World said. "Text print quality was superb in our tests."
The Lexmark C530dn prints up to 22 ppm in color and up to 24 ppm in monochrome and comes standard with two-sided printing to reduce paper waste and drive down costs. This network-ready printer also features Lexmark's award-winning operator panel design with advanced functionality to make it easy for customers to get more done. The Lexmark C530dn offers exceptional value for customers who want to save time and money by printing color documents, brochures and signage in-house.
"Priced at just $499*, the nicely designed Lexmark C530dn offers high- quality double-sided color printing," PC World said. "The Lexmark C530dn is a good match for a small office in need of good-quality color output. Its ability to handle double-sided printing helps you save on paper, partially offsetting the cost of color printing and making the standard paper trays go farther."
PC World's Top 10 Color Laser Printers list was published online March 13.
About Lexmark
Lexmark International, Inc. provides businesses and consumers in more than 150 countries with a broad range of printing and imaging products, solutions and services that help them to be more productive. In 2006, Lexmark reported $5.1 billion in revenue. Learn how Lexmark can help you get more done at http://www.lexmark.com/.
Lexmark and Lexmark with diamond design are trademarks of Lexmark International, Inc., registered in the U.S. and/or other countries. All other trademarks are the property of their respective owners.
*All prices are estimated street prices in U.S. dollars -- actual prices may vary.
All prices, features, specifications and capabilities are subject to change without notice.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020819/LEXMARKLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Lexmark International, Inc.
CONTACT: Emily Rardin of Lexmark International, Inc., +1-859-232-7818, erardin@lexmark.com
Web site: http://www.lexmark.com/
Magna Confirms Involvement in Potential Sale of Chrysler Group
AURORA, Canada, April 13 /PRNewswire/ -- Magna International Inc. (TSX: MG.A, MG.B; NYSE: MGA) today
confirmed that it continues to review potential alternatives regarding the
future of the Chrysler Group. Magna has previously commented that, as
DaimlerChrysler is one of its largest customers, Magna is seeking a full
understanding of the situation regarding the future of the Chrysler Group,
and any constructive role Magna may play in a potential transaction.
There is no assurance that any transaction will result from
Magna's current involvement.
The previous discussion may contain statements that, to the
extent that they are not recitations of historical fact, constitute
"forward-looking statements" within the meaning of applicable securities
legislation. Forward-looking statements may include financial and other
projections, as well as statements regarding our future plans, objectives or
economic performance, or the assumptions underlying any of the foregoing. We
use words such as "may", "would", "could", "will", "likely", "expect",
"anticipate", "believe", "intend", "plan", "forecast", "project", "estimate"
and similar expressions to identify forward-looking statements. Any such
forward-looking statements are based on assumptions and analyses made by us
in light of our experience and our perception of historical trends, current
conditions and expected future developments, as well as other factors we
believe are appropriate in the circumstances. However, whether actual results
and developments will conform with our expectations and predictions is
subject to a number of risks, assumptions and uncertainties. These risks,
assumptions and uncertainties include, but are not limited to, the impact of:
declining production volumes and changes in consumer demand for vehicles; a
reduction in the production volumes of certain vehicles, such as certain
light trucks; our ability to offset increases in the cost of commodities,
such as steel and resins, as well as energy prices; fluctuations in relative
currency values; our ability to offset price concessions demanded by our
customers; our dependence on outsourcing by our customers; our ability to
compete with suppliers with operations in low cost countries; changes in our
mix of earnings between jurisdictions with lower tax rates and those with
higher tax rates, as well as our ability to fully benefit tax losses; other
potential tax exposures; the financial distress of some of our suppliers and
customers; the inability of our customers to meet their financial obligations
to us; our ability to fully recover pre-production expenses; warranty and
recall costs; the termination by our customers of any material contracts;
product liability claims in excess of our insurance coverage; expenses
related to the restructuring and rationalization of some of our operations;
impairment charges; our ability to successfully identify, complete and
integrate acquisitions; risks associated with new program launches; legal
claims against us; risks of conducting business in foreign countries;
unionization activities at our facilities; work stoppages and labour
relations disputes; changes in laws and governmental regulations; costs
associated with compliance with environmental laws and regulations; potential
conflicts of interest involving our controlling shareholder, the Stronach
Trust; and other factors set out in our Annual Information Form filed with
securities commissions in Canada and our annual report on Form 40-F filed
with the United States Securities and Exchange Commission, and subsequent
filings. In evaluating forward-looking statements, readers should
specifically consider the various factors which could cause actual events or
results to differ materially from those indicated by such forward-looking
statements. Unless otherwise required by applicable securities laws, we do
not intend, nor do we undertake any obligation, to update or revise any
forward-looking statements to reflect subsequent information, events, results
or circumstances or otherwise.
Magna International Inc.
For further information, please contact Vincent J. Galifi, Executive Vice-President and Chief Financial Officer at +1-(905)-726-7100
Raytheon Receives $13 Million in Army Contracts for Patriot Missile Facility Support
TEWKSBURY, Mass., April 13, 2007 /PRNewswire/ -- Raytheon Company received two contract modifications totaling $13 million from the U.S. Army Aviation and Missile Command to continue to provide technical and material support of the Patriot Missile Field Surveillance program in the United States and at overseas locations.
The contract modifications, which include options for up to $12 million, call for Raytheon to provide technical personnel and material to support the processing of Patriot missile rounds and the operation of the Patriot missile facilities, missile assembly/disassembly facilities and the Patriot missile transmitter facility. The modifications exercise $13 million in options for 2007 against the basic 2005-2006 contract award that now totals $43 million.
"It is very important to our country and our allies that our Patriot air and missile defense system facilities are in an optimal state of readiness to ensure that when our Patriot systems are needed, they provide premier air and missile defense capabilities," said Pete Franklin, vice president for Integrated Air and Missile Defense, Raytheon Integrated Defense Systems. "This effort reflects the continued commitment by the Army and Raytheon to ensure our Patriot missiles continue to provide our warfighters with a cost- effective, premier, no doubt air defense capability."
This effort will be performed at Raytheon's Integrated Air Defense Center, Andover, Mass., IDS Headquarters, Tewksbury, Mass., and Raytheon Technical Services Company, Burlington, Mass., as well as in Texarkana, Texas, and overseas locations.
The facilities process Patriot Advanced Configuration-2 and Guidance Enhanced Missile-T (GEM-T) missiles for stockpile reliability testing, recertification and repair in support of the Patriot Field Surveillance program. The program is an international cooperative effort, in which foreign partners fund and benefit from common support. International partners include Germany, the Netherlands, the Kingdom of Saudi Arabia, Japan, Israel, Kuwait, Taiwan, Greece, and Spain.
Raytheon IDS is the prime contractor for the Patriot system and the system integrator for the Configuration-3 system that includes the GEM-T missile. As the system integrator, Raytheon IDS ensures that all Patriot system components provide the warfighter a reliable and lethal capability to defeat the threats in current and future combat environments.
The Patriot Air and Missile Defense System is the world's most advanced ground-based air defense system and is a cornerstone of the U.S. Army's integrated air defense system. Patriot is a long-range, high-altitude, all- weather system designed to defeat advanced threats, including aircraft, tactical ballistic missiles and cruise missiles. Combat proven during Operation Desert Storm, Patriot can simultaneously engage multiple targets under the most severe electronic countermeasure conditions.
The Patriot system remains the pre-eminent theater air and missile defense system and the nation's only deployed, land-based, short-to-medium range ballistic missile defense capability, further exemplified by President Bush's statement to "deploy our Patriot air defense systems to reassure our friends and allies." To maintain combat effectiveness, the Patriot system's growth roadmap leads the U.S. Army's Air & Missile Defense transformation, for which Patriot becomes part of an integrated network of sensors, fire control, command and intelligence under a composite battalion to provide a layered system of protection and prosecution.
Integrated Defense Systems is Raytheon's leader in Joint Battlespace Integration providing affordable, integrated solutions to a broad international and domestic customer base, including the U.S. Missile Defense Agency, the U.S. Armed Forces and the Department of Homeland Security.
Raytheon Company, with 2006 sales of $20.3 billion, is a technology leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning more than 80 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 73,000 people worldwide.
CONTACT:
Guy Shields
978-858-5246
Raytheon Company
CONTACT: Guy Shields of Raytheon Company, +1-978-858-5246
Web site: http://www.raytheon.com/
Motorola First-Quarter 2007 Earnings Results to be Issued on 18 AprilPresentation by Executives Following Earnings Release to be Webcast
SCHAUMBURG, Ill., April 13 /PRNewswire-FirstCall/ -- Motorola, Inc. first-quarter results are scheduled to be issued at approximately 6:00 a.m. Central Time (USA) on Wednesday, 18 April. Motorola will host its quarterly conference call with financial analysts following the earnings release at 7:00 a.m. Central Time (USA) on 18 April. The conference call will be webcast live with audio and slides at http://www.motorola.com/investor.
A replay of the conference call will be available over the Internet at http://www.motorola.com/investor, approximately two hours after the call has been completed.
About Motorola
Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of Seamless Mobility, the people of Motorola are committed to helping you get and stay connected simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $42.9 billion in 2006. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO http://www.newscom.com/cgi-bin/prnh/20020415/MOTNOTAGLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Motorola, Inc.
CONTACT: Paul Alfieri of Motorola, Inc., +1-847-435-5320, Paul.Alfieri@motorola.com
Web site: http://www.motorola.com/
ChipMOS ANNOUNCES SHARE EXCHANGE TRANSACTION WITH ChipMOS TAIWAN
HSINCHU, Taiwan, April 13 /Xinhua-PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") announced today that the Company and ChipMOS TECHNOLOGIES INC. ("ChipMOS Taiwan") have agreed to conduct a share exchange transaction (the "Transaction") in accordance with the Corporate Merger and Acquisition Law of the Republic of China. ChipMOS will offer to exchange one (1) ChipMOS share for each eight point four (8.4) ChipMOS Taiwan shares outstanding, rounded downward to the nearest whole ChipMOS share. Cash payments will also be made in lieu of fractional shares and to any dissenting shareholders of ChipMOS Taiwan in accordance with the Republic of China law.
Following the Transaction, ChipMOS Taiwan will become a wholly-owned subsidiary of ChipMOS after the cancellation of treasury shares held by ChipMOS Taiwan. ChipMOS currently owns approximately 99.2% of the outstanding shares of ChipMOS Taiwan.
Up to approximately 858,847 new ChipMOS shares will be issued in connection with the Transaction, which would represent approximately 1% of the ChipMOS shares that will be issued and outstanding following the Transaction. The number of new ChipMOS shares that will be issued, and the foregoing percentage, will be reduced to the extent that any ChipMOS Taiwan shareholders exercise dissenter rights to receive cash in lieu of ChipMOS shares.
Closing of the Transaction, which currently is expected to occur in the second half of 2007, is subject to the approval of the shareholders of ChipMOS Taiwan in the annual general shareholders meeting scheduled in June 2007, the receipt of certain regulatory approvals in Taiwan and satisfaction of other customary closing conditions.
The common shares of ChipMOS to be issued in connection with the Transaction have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Today's announcement does not constitute an offer to sell or the solicitation of an offer to buy securities.
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS (http://www.chipmos.com/ ) is a leading independent provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.
Forward-Looking Statements
Certain statements contained in this announcement, including closing of the share exchange transaction, may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.
Legends Pursuant to Section (b) of Rule 802 of the United States Securities Act of 1933
The exchange offer is made for the securities of ChipMOS TECHNOLOGIES INC., a company incorporated under the laws of the Republic of China, and is subject to disclosure requirements of the Republic of China that are different from those of the United States. Financial statements included in this document, if any, have been prepared in accordance with auditing standards generally accepted in the Republic of China that may not be comparable to the financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the United States federal securities laws, since ChipMOS TECHNOLOGIES (Bermuda) LTD. is located in Bermuda, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a Bermuda company or its officers or directors in a foreign court for violations of the United States securities laws. It may be difficult to compel a Bermuda company and its affiliates to subject themselves to a United States court's judgment.
You should be aware that ChipMOS TECHNOLOGIES (Bermuda) LTD. may purchase the securities otherwise than under the exchange offer, such as in open market or privately negotiated purchases.
Contacts:
In Taiwan, R.O.C.
Dr. S.K. Chen
ChipMOS TECHNOLOGIES (Bermuda) LTD.
Tel: +886-6-507-7712
Email: s.k._chen@chipmos.com
In the U.S.
David Pasquale
The Ruth Group
Tel: +1-646-536-7006
Email: dpasquale@theruthgroup.com
ChipMOS TECHNOLOGIES (Bermuda) LTD.
CONTACT: Dr. S.K. Chen of ChipMOS, +886-6-507-7712, or s.k._chen@chipmos.com; David Pasquale of The Ruth Group for ChipMOS, +1-646-536-7006, or dpasquale@theruthgroup.com
Web site: http://www.chipmos.com/
ChipMOS RELEASED UNAUDITED PRO FORMA FINANCIAL INFORMATION AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2006
HSINCHU, Taiwan, April 13 /Xinhua-PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") released today its unaudited pro forma statement of operations for the year ended December 31, 2006 and its unaudited pro forma balance sheet as of December 31, 2006. The unaudited pro forma statement of operations was prepared as if the share purchase and acquisition transaction (the "Transaction") that was completed on March 27, 2007 among the Company, ChipMOS TECHNOLOGIES INC. and Siliconware Precision Industries Co., Ltd. ("SPIL") (TAIEX: 2325; Nasdaq: SPIL) was completed on January 1, 2006. The unaudited pro forma balance sheet as of December 31, 2006 was prepared as if the Transaction was completed on December 31, 2006. The Company's unaudited pro forma financial information as of and for the year ended December 31, 2006 is set forth below.
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS ( http://www.chipmos.com/ ) is a leading independent provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.
Forward-Looking Statements
Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC" ) and in the Company's other filings with the SEC.
- UNAUDITED PRO FORMA FINANCIAL INFORMATION FOLLOWS BELOW -
ChipMOS TECHNOLOGIES (Bermuda) LTD. AND SUBSIDIARIES
UNAUDITED PRO FORMA FINANCIAL INFORMATION
December 31, 2006
Introduction
On March 27, 2007, ChipMOS TECHNOLOGIES (Bermuda) LTD. (ChipMOS Bermuda), ChipMOS TECHNOLOGIES INC. (ChipMOS Taiwan) and Siliconware Precision Industries Co., Ltd. (SPIL) completed a share purchase and subscription transaction (Transaction) pursuant to which ChipMOS Bermuda and ChipMOS Taiwan purchased all of SPIL's equity interest in ChipMOS Taiwan at US$0.75 per share for an aggregate amount of approximately NT$6,229 million (US$191 million), and SPIL subscribed for 12,174,998 newly issued common share of ChipMOS Bermuda through a private placement at US$6.28 per share for an aggregate amount of approximately NT$2,492 million (US$76 million). Immediately following the Transaction, ChipMOS Bermuda owned approximately 99.14% of the outstanding shares of ChipMOS Taiwan.
The following unaudited pro forma statement of operations has been prepared giving pro forma effects on the statement of operations for the year ended December 31, 2006 as if the share purchase were completed on January 1, 2006. The actual transaction occurred on March 27, 2007.
The following unaudited pro forma balance sheet has been prepared giving pro forma effects on the balance sheet as of December 31, 2006 as if the share purchase were completed on December 31, 2006.
The unaudited pro forma financial information is based upon the consolidated financial statements of ChipMOS Bermuda as of and for the year ended December 31, 2006 after giving effect to pro forma adjustments described in the accompanying notes. The consolidated financial statements of ChipMOS Bermuda will be included in the future filing of Form 20-F.
The unaudited pro forma financial information does not purport to represent, and are not necessarily indicative of, what the results of operations of ChipMOS Bermuda and its subsidiaries would actually have been if the events described below had in fact occurred at the beginning of 2006 or December 31, 2006, or any other date, or to project the net profit of ChipMOS Bermuda and its subsidiaries for any future period. The adjustments are based on currently available information and certain estimates and assumptions. However, management believes that the assumptions provide a reasonable basis for presenting the unaudited pro forma financial information and that pro forma adjustments give effect to those assumptions and are properly applied in the unaudited pro forma financial information.
ChipMOS TECHNOLOGIES (Bermuda) LTD. AND SUBSIDIARIES
UNAUDITED PRO FORMA STATEMENT OF OPERATIONS
Year ended December 31, 2006
(In Thousands of New Taiwan and U.S. Dollars, Except Earnings Per Share)
ChipMOS Adjustments Pro forma
Bermuda (Note 1)
NT$ NT$ NT$ US$
(Note 3)
NET REVENUE 20,375,187 20,375,187 625,198
COST OF REVENUE 14,253,345 14,253,345 437,353
GROSS PROFIT 6,121,842 6,121,842 187,845
OPERATING EXPENSES
Research and development 274,752 274,752 8,430
General and administrative 813,046 813,046 24,948
Sales and marketing 107,450 107,450 3,297
Total Operating Expenses 1,195,248 1,195,248 36,675
INCOME FROM OPERATIONS 4,926,594 4,926,594 151,170
NON-OPERATING INCOME
Interest 102,033 102,033 3,131
Other 260,474 260,474 7,992
Total Non-Operating Income 362,507 362,507 11,123
NON-OPERATING EXPENSES
Interest 398,964 398,964 12,242
Other 186,712 186,712 5,729
Total Non-Operating Expenses 585,676 585,676 17,971
INCOME BEFORE INCOME TAX,
MINORITY INTERESTS
AND INTEREST
IN BONUSES PAID
BY SUBSIDIARIES 4,703,425 4,703,425 144,322
INCOME TAX EXPENSE (636,499) (636,499) (19,531)
INCOME BEFORE MINORITY
INTERESTS AND INTEREST IN
BONUSES PAID BY
SUBSIDIARIES 4,066,926 4,066,926 124,791
MINORITY INTERESTS (1,799,405) 1,188,511(a) (610,894) (18,745)
INTEREST IN BONUSES
PAID BY
SUBSIDIARIES (149,456) (63,576)(a) (213,032) (6,537)
CUMULATIVE EFFECT OF
CHANGES IN ACCOUNTING
PRINCIPLES 3,277 3,277 100
NET INCOME under ROC
GAAP 2,121,342 3,246,277 99,609
ChipMOS TECHNOLOGIES (Bermuda) LTD. AND SUBSIDIARIES
UNAUDITED PRO FORMA STATEMENT OF OPERATIONS
Year ended December 31, 2006
(In Thousands of New Taiwan and U.S. Dollars, Except Earnings Per Share)
ChipMOS Adjustments
Bermuda (Note 1) Pro forma
NT$ NT$ NT$ US$
(Note 3)
U.S. GAAP Adjustments(Note 5)
Amortization of
deferred charge (4,935) (4,935) (151)
Amortization of
start-up costs 2,237 2,237 68
Depreciation of
property, plant and
equipment and employee
dormitory building (22,200) (22,200) (681)
Equity accounting for
long-term investment (16,129) (16,129) (495)
Transfer of building and
facilities from MVI 741 741 23
Marketable securities - trading 2,613 2,613 80
Accrual for bonuses to
employees, directors and 10,641(b)
supervisors (314,485) 63,576(c) (240,268) (7,373)
Reversal of impairment loss on
long-term investment 33,130 33,130 1,016
Amortization of discount on
convertible notes (237,497) (237,497) (7,287)
Interest capitalization (19,793) (19,793) (607)
Stock-based compensation (90,870) (90,870) (2,788)
Effect of U.S. GAAP adjustments
on income taxes 10,512 10,512 323
Loss on embedded derivative
liabilities (394,646) (394,646) (12,109)
Loss on redemption of
convertible notes (10,549) (10,549) (324)
Minority interests 193,635 (136,028)(d) 57,607 1,768
(868,236) (930,047) (28,537)
NET INCOME under
U.S. GAAP 1,253,106 2,316,230 71,072
EARNINGS PER SHARE
under ROC GAAP
- BASIC 30.84 40.10 1.23
EARNINGS PER SHARE
under ROC GAAP
- DILUTED 25.00 33.16 1.02
EARNINGS PER SHARE
under U.S. GAAP
- BASIC 18.22 28.61 0.88
EARNINGS PER SHARE
under U.S. GAAP
- DILUTED 17.52 27.68 0.85
WEIGHTED AVERAGE
NUMBER OF SHARES
OUTSTANDING -
BASIC 68,781 80,956 80,956
WEIGHTED AVERAGE
NUMBER OF SHARES
OUTSTANDING -
DILUTED
(ROC GAAP) 88,296 100,471 100,471
WEIGHTED AVERAGE
NUMBER OF SHARES
OUTSTANDING -
DILUTED
(U.S.GAAP) 71,504 83,679 83,679
ChipMOS TECHNOLOGIES (Bermuda) LTD. AND SUBSIDIARIES
UNAUDITED PRO FORMA BALANCE SHEET
December 31, 2006
(In Thousands of New Taiwan and U.S. Dollars)
ChipMOS Adjustments
Bermuda (Note 1) Pro forma
NT$ NT$ NT$ US$
(Note 3)
ASSETS
CURRENT ASSETS
Cash and cash 5,895,904 2,491,798(e) 2,158,206 66,223
equivalents (6,229,496)(f)
Accounts
receivable 5,029,650 5,029,650 154,331
Others 3,307,005 3,307,005 101,473
Total Current
Assets 14,232,559 10,494,861 322,027
LONG-TERM
INVESTMENTS 366,742 366,742 11,253
PROPERTY, PLANT
AND EQUIPMENT -
NET 30,494,323 30,494,323 935,696
INTANGIBLE
ASSETS - NET 352,971 352,971 10,831
OTHER ASSETS 565,270 918,046(f) 1,483,316 45,514
TOTAL ASSETS
UNDER ROC GAAP 46,011,865 43,192,213 1,325,321
U.S. GAAP
Adjustments:
--Start-up costs (5,523) (5,523) (169)
--Depreciation
of fixed assets
and employee
dormitory
building (147,613) (147,613) (4,530)
--Transfer of
building and
facilities
from MVI (3,304) (3,304) (101)
--Interest
capitalization 47,195 47,195 1,448
--Negative
goodwill (20,275) (20,275) (622)
--Deferred
Charge 93,765 93,765 2,877
(35,755) (35,755) (1,097)
TOTAL ASSETS
UNDER U.S. GAAP 45,976,110 43,156,458 1,324,224
LIABILITIES AND
SHAREHOLDERS'
EQUITY
CURRENT
LIABILITIES 6,747,480 6,747,480 207,041
LONG-TERM
LIABILITIES
Convertible
notes 5,133,837 5,133,837 157,528
Derivative
liabilities 77,902 77,902 2,391
Long-term loans 10,688,780 10,688,780 327,977
15,900,519 15,900,519 487,896
OTHER
LIABILITIES 478,999 478,999 14,698
TOTAL
LIABILITIES
UNDER ROC GAAP 23,126,998 23,126,998 709,635
U.S. GAAP
Adjustments:
--Accrual for
bonuses to
employees,
directors
and
supervisors 459,539 (10,641)(b) 448,898 13,774
--Loss on
redemption of
convertible
notes 10,549 10,549 324
--Equity
component of
convertible
notes 370,209 370,209 11,360
--Fair value of
embedded
derivative
liabilities 244,914 244,914 7,515
--Amortization
of discount on
convertible
notes 309,977 309,977 9,511
--Pension
expense 65,293 65,293 2,003
--Effect of U.S.
GAAP adjustment
on income taxes (21,813) (21,813) (670)
--Negative
goodwill (20,275) (20,275) (622)
1,418,393 1,407,752 43,195
TOTAL
LIABILITIES
UNDER U.S. GAAP 24,545,391 24,534,750 752,830
ChipMOS TECHNOLOGIES (Bermuda) LTD. AND SUBSIDIARIES
UNAUDITED PRO FORMA BALANCE SHEET
December 31, 2006
(In Thousands of New Taiwan and U.S. Dollars)
ChipMOS Adjustments
Bermuda (Note 1) Pro forma
NT$ NT$ NT$ US$
(Note 3)
SHAREHOLDERS'
EQUITY
Capital stock 23,022 3,968(e) 26,990 828
Capital surplus 9,631,181 2,487,830(e) 12,100,120 371,283
(18,891)(f)
Option warrants 140,695 140,695 4,317
Deferred
compensation (56,574) (56,574) (1,736)
Retained
earnings 4,322,151 (165,426)(f) 4,156,725 127,546
Cumulative
translation
adjustments 68,074 68,074 2,089
Minority
interests 8,756,318 (5,127,133)(f) 3,629,185 111,359
TOTAL
SHAREHOLDERS'
EQUITY UNDER
ROC GAAP 22,884,867 20,065,215 615,686
U.S. GAAP
Adjustments:
--Start-up costs (5,523) (5,523) (170)
--Depreciation
of property,
plant and
equipment
and
employee
dormitory
building (122,589) (122,589) (3,762)
--Transfer of
building and
facilities
from MVI (3,304) (3,304) (101)
--Accrual for
bonuses to
employees,
directors
and
supervisors (459,539) 10,641(b) (448,898) (13,774)
--Pension
expenses (65,293) (65,293) (2,003)
--Interest
capitalization 118,757 118,757 3,644
Amortization
of interest
capitalization (96,586) (96,586) (2,964)
--Effect of U.S.
GAAP adjustments
on income taxes 21,813 21,813 670
--Equity
component of
convertible
notes (271,509) (271,509) (8,331)
--Loss on
redemption of
convertible
notes (10,549) (10,549) (324)
--Amortization
of deferred
charge (4,935) (4,935) (151)
--Amortization
of discount on
convertible
notes (309,977) (309,977) (9,511)
--Gain on
embedded
derivative
liabilities (244,914) (244,914) (7,515)
(1,454,148) (1,443,507) (44,292)
TOTAL
SHAREHOLDERS'
EQUITY UNDER
U.S. GAAP 21,430,719 18,621,708 571,394
TOTAL
LIABILITIES AND
SHAREHOLDERS'
EQUITY UNDER
ROC GAAP 46,011,865 43,192,213 1,325,321
TOTAL
LIABILITIES AND
SHAREHOLDERS'
EQUITY UNDER
U.S. GAAP 45,976,110 43,156,458 1,324,224
ChipMOS TECHNOLOGIES (Bermuda) LTD. AND SUBSIDIARIES
NOTES TO UNAUDITED PRO FORMA FINANCIAL INFORMATION
December 31, 2006
(In Thousands of New Taiwan and U.S. Dollars)
(1) Description of pro forma adjustments
(a) To reflect the reduction in minority shareholders' share of profits
of ChipMOS Taiwan from 29.58% to 0.86% and increase in ChipMOS
Bermuda's interest in bonuses paid by ChipMOS Taiwan from 70.42% to
99.14% under ROC GAAP.
(b) To reflect the reduction of bonuses paid to SPIL as a corporate
director of ChipMOS Taiwan under U.S. GAAP.
(c) To reverse the increase in ChipMOS Bermuda's interest in bonuses
paid by ChipMOS Taiwan from 70.42% to 99.14% under ROC GAAP.
(d) To reflect the reduction in minority shareholders' interest in
bonuses paid by ChipMOS Taiwan from 29.58% to 0.86% under U.S. GAAP.
(e) To reflect the issuance of 12,174,998 shares by ChipMOS Bermuda to
SPIL at US$6.28 each.
(f) To reflect the acquisition of 254,863,285 shares of ChipMOS Taiwan
(including 42,695,821 shares repurchased by ChipMOS Taiwan) at
US$0.75 each and the corresponding increase in goodwill and
reduction in minority interests.
(2) Weighted average number of shares outstanding
Pro forma basic and diluted earnings per share amounts are calculated
based on the pro forma weighted average number of shares outstanding
of 80,956 thousand and 100,471 thousand, respectively, as of December
31, 2006.
(3) Translation into U.S. Dollar amounts
ChipMOS Bermuda maintains its accounts and presents its financial
statements in New Taiwan dollars. For convenience purposes, U.S.
dollar amounts presented in the accompanying pro forma financial
statements have been translated from New Taiwan dollars at the noon
buying rate in the City of New York cable transfers in New Taiwan
dollars as certified for customers purposes by the Federal Reserve
Bank of New York as of December 29, 2006, which was NT$32.59 to
US$1.00. These convenience translations should not be construed as
representations that the New Taiwan dollar amounts have been, or could
in the future be, converted into U.S. dollars at this or any other
rate of exchange.
(4) Purchase accounting
The purchase price of NT$6,229 million (US$191 million) was determined
based on the fair value of the existing assets and liabilities of
ChipMOS Taiwan for the purpose of applying purchase accounting in
accordance with generally accepted accounting principles in the United
States (U.S. GAAP). A goodwill of NT$918 million (US$28 million)
arises on acquisition of ChipMOS Taiwan.
(5) Summary of significant differences between accounting principles
followed by ChipMOS Bermuda and generally accepted accounting
principles in the United States
The unaudited pro forma financial information has been prepared in
accordance with generally accepted accounting principles in the
Republic of China, which differ in certain respects from U.S. GAAP.
Please refer to Note 27 to the audited consolidated financial
statements of ChipMOS Bermuda as of and for the year ended December
31, 2005 included in its Annual Report on Form 20-F for the year ended
December 31, 2005 and for further information on reconciling items.
These differences will also be discussed in the audited consolidated
financial statements of ChipMOS Bermuda as of and for the year ended
December 31, 2006 to be included in the Annual Report on Form 20-F.
Contacts:
In Taiwan, R.O.C.
Dr. S.K. Chen
ChipMOS TECHNOLOGIES (Bermuda) LTD.
Tel: +886-6-507-7712
Email: s.k._chen@chipmos.com
In the U.S.
David Pasquale
The Ruth Group
Tel: +1-646-536-7006
Email: dpasquale@theruthgroup.com
ChipMOS TECHNOLOGIES (Bermuda) LTD.
CONTACT: Dr. S.K. Chen of ChipMOS, +886-6-507-7712, or s.k._chen@chipmos.com; David Pasquale of The Ruth Group for ChipMOS, +1-646-536-7006, or dpasquale@theruthgroup.com
Web site: http://www.chipmos.com/
Broadcom Charges Qualcomm with Unfair Competition, Fraud and Breach of Contract
IRVINE, Calif., April 13 /PRNewswire-FirstCall/ -- Broadcom Corporation , a global leader in semiconductors for wired and wireless communications, today announced that it has commenced new litigation against Qualcomm Incorporated asserting that Qualcomm's conduct before prominent industry standards organizations violates California law.
In a 37-page complaint filed late Thursday in California Superior Court in Orange County, Broadcom asserts that Qualcomm's misconduct before standards setting bodies includes improperly concealing its patents, reneging on licensing obligations, and exerting dominance through hidden affiliations. The complaint alleges that Qualcomm has engaged in a pattern of misconduct across multiple technologies and multiple standards bodies, including those responsible for setting cellular, video, and mobile broadband standards. Broadcom maintains that this misconduct constitutes fraud, breach of contract, and violation of California's unfair competition statute.
San Diego, Calif.-based Qualcomm claims that other industry participants require licenses to its patent portfolio because its patents allegedly cover various telecommunications and other industry standards.
In its complaint, Broadcom cites numerous instances of improper conduct by Qualcomm relating to industry standards bodies, including two recent and public ones: On March 22, the U.S. District Court in San Diego adopted a unanimous jury finding that Qualcomm violated its duty to disclose patents to the international organization that developed the H.264 video compression standard. That court is scheduled to hold a hearing on the proper remedy for Qualcomm's violation on May 2. Separately, in June 2006 the Institute of Electrical and Electronics Engineers (IEEE) suspended its 802.20 standards working group, which had been developing a "4G" wireless communication standard, after an investigation revealed that Qualcomm covertly dominated that group by hiring working group members who did not disclose their affiliations with Qualcomm.
"We now know that Qualcomm has been playing games with industry standards processes for years, leaving both consumers and competitors like Broadcom to pay a heavy price," said David A. Dull, Broadcom's Senior Vice President and General Counsel. "Our goal is to put a stop to this improper behavior and force Qualcomm to play by the same rules that apply to its competitors as well as its own customers."
The relief Broadcom seeks from Qualcomm in the lawsuit includes disgorgement of profits, restitution, compensatory and punitive damages, and a permanent injunction barring Qualcomm from seeking to enforce certain cellular, video, and mobile broadband patents against Broadcom or Broadcom's customers.
Additional Actions
While Qualcomm has either lost or dismissed all of its patent infringement claims against Broadcom, Broadcom continues to pursue various claims against Qualcomm. Last fall, a United States International Trade Commission (ITC) judge ruled that Qualcomm's cellular baseband chips infringe five claims of a Broadcom patent. The full Commission affirmed that ruling in December and is expected to issue a decision May 8 on the appropriate remedy for Qualcomm's infringement. Beginning May 1, the U.S. District Court in Santa Ana, Calif. is scheduled to try Broadcom's claims that Qualcomm infringes three additional Broadcom patents relating to cellular technology.
Separately, in other actions, Broadcom has joined five other leading mobile wireless technology companies in filing complaints with the European Commission alleging that Qualcomm has engaged in anticompetitive conduct in the licensing of its patents and the sale of its chipsets for mobile wireless devices and systems. The six companies assert that Qualcomm is violating EU competition law and failing to meet the commitments it made to international standards bodies to license its technology on fair, reasonable and non- discriminatory terms. Broadcom and other wireless technology companies have filed similar complaints before the Korean Fair Trade Commission.
About Broadcom
Broadcom Corporation is a major technology innovator and global leader in semiconductors for wired and wireless communications. Broadcom products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. We provide the industry's broadest portfolio of state-of-the-art, system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. These solutions support our core mission: Connecting everything(R).
Broadcom is one of the world's largest fabless semiconductor companies, with 2006 revenue of $3.67 billion, and holds over 2,000 U.S. and 800 foreign patents, more than 6,000 additional pending patent applications, and one of the broadest intellectual property portfolios addressing both wired and wireless transmission of voice, video and data.
Broadcom is headquartered in Irvine, Calif., and has offices and research facilities in North America, Asia and Europe. Broadcom may be contacted at +1.949.926.5900 or at http://www.broadcom.com/.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward- looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.
Important factors that may cause such a difference for Broadcom include, but are not limited to, our ability to prevail in the various federal and state lawsuits against Qualcomm; our ability to secure an appropriate remedy in the U.S. International Trade Commission proceeding against Qualcomm; the ability of our patents to protect our intellectual property and products; our ability to enforce our intellectual property rights; and the risks associated with litigation in general, including the costs and time that must be devoted to litigation, the potential diversion of management's attention that may result from being engaged in litigation, and the possibility of adverse results.
Our Annual Report on Form 10-K, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release speak only as of this date. We undertake no obligation to revise or update publicly any forward-looking statement for any reason.
Broadcom(R), the pulse logo, Connecting everything(R) and the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Any trademarks or trade names mentioned are the property of their respective owners.
Broadcom Business Press Contact
Bill Blanning
Vice President, Global Media Relations
949-926-5555
blanning@broadcom.com
Broadcom Investor Relations Contact
T. Peter Andrew
Vice President, Corporate Communications
949-926-5663
andrewtp@broadcom.com
Photo: http://www.newscom.com/cgi-bin/prnh/20060609/BROADCOMLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Broadcom Corporation; BRCM Corporate
CONTACT: Business Press: Bill Blanning, Vice President, Global Media Relations, Broadcom, +1-949-926-5555, blanning@broadcom.com; Investors: T. Peter Andrew, Vice President, Corporate Communications, Broadcom, +1-949-926-5663, andrewtp@broadcom.com
Web site: http://www.broadcom.com/
Semitool Provides Update on Second Quarter Revenue and Bookings
KALISPELL, Mont., April 13 /PRNewswire-FirstCall/ -- Semitool, Inc. , a leading manufacturer of wafer processing equipment for the semiconductor industry, today announced that revenue for the second fiscal quarter ended March 31, 2007, is expected to be in a range of $51 million and $53 million versus the company's prior revenue forecast of between $55 million and $57 million. Net bookings for the quarter were $37.8 million versus $50.9 million in the second quarter last year. The company also updated its 2007 fiscal year revenue forecast to a range of $210 million to $230 million versus its prior forecast of between $260 million and $310 million.
Management said second quarter bookings were impacted by delays in anticipated orders, as purchasing postponements occurred in all of the company's target markets. Semitool expects to report consolidated second quarter financial results during the week of April 23, 2007. Details related to the specific release date and associated conference call and webcast will be presented in a subsequent news release.
About Semitool, Inc.
Semitool designs, manufactures and supports highly engineered, multi- chamber single-wafer and batch wet chemical processing equipment used in the fabrication of semiconductor devices. The company's primary suites of equipment include electrochemical deposition systems for electroplating copper, gold, solder and other metals; surface preparation systems for cleaning, stripping and etching silicon wafers; and wafer transport container cleaning systems. The company's equipment is used in semiconductor fabrication front-end and back-end processes, including wafer level packaging.
Headquartered in Kalispell, Montana, Semitool maintains sales and support centers in the United States, Europe and Asia. The company's stock trades on Nasdaq under the symbol SMTL. For more information, please visit the company's website at http://www.semitool.com/.
Semitool is a registered trademark of Semitool, Inc.
Safe Harbor Statement
This news release contains forward-looking statements, including statements related to the company's financial guidance for fiscal 2007. It also states the company's earnings results will be announced during the week of April 23, 2007, at which time the bookings information in this release will be supplemented with other consolidated financial results for the second quarter of fiscal year 2007. These statements are based on management's estimates, projections and assumptions as of the date hereof and are subject to risks and uncertainties that are discussed in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended September 30, 2006. Many factors can adversely affect future financial performance, including cancellations and push-backs, unanticipated manufacturing and delivery considerations, customers' on-site acceptance of our products, unanticipated costs, as well as a number of other risk factors described in our Annual Report on Form 10-K. Our business in general is subject to risks that can cause actual results to differ materially from those anticipated in our forward-looking statements, including, without limitation, demand being adversely affected by the cyclicality in the semiconductor industry, delays in acceptance and payment for shipped tools, the company's ability to timely deliver and support its products, technological changes that affect our ability to compete, the risks associated with competing on a global basis and possible volatility in key markets such as Asia. We assume no obligation to update forward-looking statements that become untrue because of subsequent events.
Semitool, Inc.
CONTACT: Larry Viano, Chief Financial Officer of Semitool, Inc., +1-406-752-2107, lviano@semitool.com; or Geoff High of Pfeiffer High Investor Relations, Inc., +1-303-393-7044, for Semitool, Inc.
Web site: http://www.semitool.com/
ChipMOS SCHEDULES FIRST QUARTER 2007 RESULTS CONFERENCE CALL
HSINCHU, Taiwan, April 13 /Xinhua-PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") today announced that it will hold a conference call with investors and analysts at 7:00 PM EDT on Thursday, May 3, 2007 to discuss its first quarter 2007 financial results and the management's outlook for the second quarter 2007. The news release announcing the first quarter 2007 results will be disseminated after 4:00 PM EDT on May 3, 2007. The call may be accessed by dialing +1-201-689-8562. The playback will be available 2 hours after the conclusion of the conference call and will be accessible by dialing +1-201-612-7415. The account number to access the replay is 3055 and the confirmation ID number is 238639. The Company will also webcast the conference call live on its website http://www.chipmos.com/ .
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS (http://www.chipmos.com/ ) is a leading independent provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.
Forward-Looking Statements
Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.
Contacts:
In Taiwan R.O.C.
Dr. S.K. Chen
ChipMOS TECHNOLOGIES (Bermuda) LTD.
Tel: +886-6-507-7712
Email: s.k._chen@chipmos.com
In the U.S.
The Ruth Group
David Pasquale
Tel: +1-646-536-7006
Email: dpasquale@theruthgroup.com
ChipMOS TECHNOLOGIES (Bermuda) LTD.
CONTACT: Dr. S.K. Chen of ChipMOS, +886-6-507-7712, or s.k._chen@chipmos.com; David Pasquale of The Ruth Group for ChipMOS, +1-646-536-7006, or dpasquale@theruthgroup.com
Web site: http://www.chipmos.com/
Plateau Wireless Selects TruePosition to Provide E-911 Phase II Location Solution
BERWYN, Pa., April 13 /PRNewswire/ -- TruePosition, Inc., a leading provider of wireless location technologies and solutions and a subsidiary of Liberty Media Corporation that is attributed to its Liberty Capital Group, announced its agreement to provide its wireless location system to Plateau Wireless. The system enables the New Mexico-based wireless carrier to satisfy the Phase II requirements of the Federal Communication Commission's Enhanced- 911 mandate.
TruePosition provides complete end-to-end wireless location solutions that employ a wide array of position determining techniques. This wireless location system, in an implementation specifically-designed for Plateau Wireless, uses network-based Uplink Time Difference of Arrival (U-TDOA). Plateau Wireless has a coverage area that spans 67,000 square miles in eastern New Mexico and western Texas.
"Location-enabling our network and becoming E-911 compliant is simply one more step toward our goal of offering the best possible service to our customers," stated Joel Drahman, Chief Operating Officer for Plateau Wireless. "TruePosition shared our vision and understood our commitment to offer Enhanced-911 to our subscribers as soon as possible. At Plateau, we live and work in the communities that we serve, so we wanted to make sure that everyone could take advantage of this technology and have the ability to be located in times of need."
One of the major benefits of TruePosition's network-based location solution is that the calculations take place within the wireless network, which means that subscribers do not need to replace or modify their current cell phones in any way. As a result, all wireless subscribers can be located when they dial 911 on their cell phones. Consequently, this system also lays the foundation for Plateau Wireless to launch location based services -- like local search and family minder services -- to all of their customers.
"This project was unique and challenging due to the aggressive timelines that we set for ourselves," noted Todd Elliott, Vice President of North American Sales for TruePosition. "TruePosition and Plateau Wireless rose to the challenge, however. Plateau Wireless is a forward-thinking company, and we are pleased to be working with them to add location capabilities to their wireless network."
About TruePosition
TruePosition is dedicated to the development and implementation of advanced wireless location products, services and devices, providing complete solutions to support the wireless location needs of the global marketplace. In addition to providing industry leading core location technologies, TruePosition supports all levels of the wireless location value chain to offer turnkey solutions.
TruePosition's foundation was built on the development of advanced location systems, which include handset, network and hybrid location solutions. Today, TruePosition can offer hybrid location systems that incorporate Cell ID, Enhanced Cell ID, Uplink Time Difference of Arrival, Angle of Arrival, and Assisted GPS to power the next generation of location- based services. TruePosition is a subsidiary of Liberty Media Corporation that is attributed to its Liberty Capital Group . For more information, visit http://www.trueposition.com/
About Plateau Wireless
Plateau Wireless headquartered in Clovis, NM operates on behalf of partnerships to provide advanced wireless communication services in 16 counties of eastern New Mexico and 10 in the Texas Panhandle. The company also operates 15 retail store locations in the region.
For more information, please contact:
Beth Hespe
Garfield Group Public Relations
Tel: 215-867-8600 ext. 235
tppr@garfieldgroup.com
TruePosition, Inc.
CONTACT: Beth Hespe of Garfield Group Public Relations, for TruePosition, Inc., +1-215-867-8600, Ext. 235 or tppr@garfieldgroup.com
Web site: http://www.trueposition.com/
Digital Home Sets Getting Closer to Common Chinese Consumers
BEIJING, April 13 /Xinhua-PRNewswire/ -- CCID Consulting, China's leading research, consulting and IT outsourcing service provider, and the first Chinese consulting firm listed in Hong Kong, forecasts that digital home sets will get closer to Chinese consumers in 2007.
The year 2006 was an extremely important year for the development of digital homes in China. A series of major events in the fields of policy environment, development of standards and technological evolution are producing a profound impact on the future development of digital homes in China. The digital home is now gradually entering consumers' lives. Shanghai Telecom was the first to pilot digital home services among 5,000 ADSL users. CCID Consulting's research report shows:
Digital home users rapidly expand in numbers, while products grow fast
CCID Consulting's statistics show that by 2006, digital home users in China had reached 13.726 million. These included cable digital TV users, IPTV users and intelligent home users. Compared with 2005, the overall number of users grew by 244.8%.
For Fig. 1, "Number of Digital Home Users and its Growth in China, 2004- 2006", please refer to http://www.ccidconsulting.com/upload/11426.gif .*
In 2006, the overall conversion to digital TV gathered pace. The structure of cable network operators underwent a period of transformation as former city-centered cable TV network companies started to integrate towards provincial networks in an effort to improve the regional competitiveness of their cable TV networks. With the introduction of several digital TV standards in 2006, the whole industry was placed under a clearer development direction and entered a period of fast growth. Industry cooperation and service innovations have provided a powerful driving force for the development of IPTV. Although intelligent homes are still in a starting stage, the overall market will gradually enter a stage of industry integration, while products will develop along the practical, convenient and modular lines, eventually made suitable for common consumers.
Entry thresholds in some links are low, while there are still development bottlenecks
The digital home industry chain mainly consists of chip, OS and other core component firms, whole system firms, content providers, network operators and end users. Among these 4 major areas, core component suppliers and operators have obvious industry monopoly and the entry threshold is rather high. Relatively speaking, whole terminal system firms and contents providers are distributed in a wide range of industries, and the entry threshold is rather low. Particularly in the whole terminal firm link, leading color TV and PC makers have relatively mature technologies. It will not be too difficult for them to grasp future customer demand, connect with the upstream and downstream links and introduce some products to attract attention from consumers.
For Fig. 2, "Simplified Diagram of the Digital Home Industry Chain", please refer to http://www.ccidconsulting.com/upload/11427.gif .*
Currently, there are 3 major development bottlenecks for digital homes in China: non-unified standards, high cost and low customer cognition. The biggest problem in the promotion of digital homes is lack of unified industry standards. All standard alliances and their member firms have their own strategic intentions and starting points. To a certain extent, too many industry standards hamper the further development of the industry. Currently, the overall price of digital home products is still very high. In a price- sensitive consumer electronics market, high prices are not good for products to achieve a high penetration rate. Many consumers are not very receptive or enthusiastic about digital homes. The different concepts introduced by vendors in their promotion have made consumers have an ambiguous understanding.
The digital home industry will gradually mature, while competition will intensify
CCID Consulting believes that as consumers are more receptive to digital homes and product prices gradually drop, the digital home BOX will become the backbone of digital homes. Based on the current digital home development in China, CCID Consulting makes the following forecast for the growth of digital home user numbers in the next 5 years:
Table: Forecast for Digital Home User Numbers in China, 2007-2011
Year 2007 2008 2009 2010 2011
Number of
Users (10,000) 4081.6 6775.1 8909.6 10630.9 11891.4
Growth Rate 197.36% 65.99% 31.51% 19.32% 11.86%
Source: CCID Consulting, Jan. 07
For Fig. 3, "Forecast for Number of Digital Home Users and Growth in China, 2007-2011", please refer to http://www.ccidconsulting.com/upload/11428.gif .*
Digital homes will have the following development trends in the future:
1. PC and TV to be integrated into one body
Future digital homes will see a digital home BOX which integrates PC and TV terminals into one unit. BOX products also possess computing and processing capacities and large-screen display equipment. The BOX will be able to carry out multimedia information processing, network (TV and IP) access and intelligent home control. Its display technology will also meet the demand for home digital entertainment. Moreover, as the market is more receptive to the digital home BOX, and as product prices gradually drop, the digital home BOX will become the main part of the core of digital homes.
2. HD, wireless and energy-saving technologies to become the main trend
The development of digital home products will produce a major impact on technological succession. From the current situation, HD, wireless and energy-saving will be the main 3 product technology trends in the next few years.
3. Competitions between the 2 major standards will gradually intensify
With the acceleration of 3C integration, the boundaries between the 3 major modules of digital home will gradually be blurred. The boundaries between office-oriented IGRS and family-focused ITopHome are also bound to be broken. In order to become the digital home standard at home and abroad, competitions between the two camps will gradually intensify. Networking, standardization, intelligence, collaboration and remote control will be important features of digital homes in the future.
*Source: CCID Consulting, Jan. 07
About CCID Consulting
CCID Consulting Co., Ltd. (also known as CCID Consulting), the first Chinese consulting firm listed in the Growth Enterprise Market of the Stock Exchange (GEM) of Hong Kong (stock code: HK08235), is a direct affiliate of the China Center for Information Industry Development (hereinafter known as CCID Group). Headquartered in Beijing, CCID Consulting has so far set up branch offices in Shanghai, Guangzhou, Shenzhen and Harbin, with over 300 professional consultants and industry experts. The Company's business scope has covered over 200 large- and medium-sized cities in China. Apart from home market development, CCID Consulting is establishing international cooperation links across the United States, the Asia-Pacific region and Europe, by setting up agents in the U.S., Japan, South Korea, Australia, Singapore, Italy and Russia, with the aim of going global.
Based on four major competitive areas of the powerful data channels, industrial resources, intense knowledge and deep understanding of information technology, CCID Consulting provides customers with consulting, research and IT outsourcing services covering strategy planning, IT application, marketing strategy, human resources and information technology outsourcing. Our customers range from industrial users in IT, telecommunications, energy, finance, automobile, to government departments at all levels and diversified industrial parks.
CCID Consulting is committed to becoming the No. 1 brand for strategy consulting, the No. 1 consultant for enterprise management and the No. 1 expert in market research. For more information, please visit our website at http://en.ccidconsulting.com/ .
For more information, please contact:
Cynthia Liu
Coordinating Manager
CCID Consulting Co., Ltd
Tel: +86-10-88559080
Email: liuyan@ccidconsulting.com
CCID Consulting Co., Ltd
CONTACT: Cynthia Liu of CCID Consulting Co., Ltd, +86-10-88559080, or liuyan@ccidconsulting.com
Web site: http://en.ccidconsulting.com/
Bull annonce la signature d'un accord avec le Gouvernement du Royaume du Maroc pour l'ouverture d'un centre de services
RABAT, Paris, April 13 /PRNewswire/ -- Bull annonce la signature d'un accord avec le Gouvernement du
Royaume du Maroc aux termes duquel Bull va créer, au sein de Casashore, un
centre de services dédié à l'offshoring.
L'accord a été signé le 12 avril, au siège de la Primature, en
présence de Monsieur Didier Lamouche, Président Directeur Général de Bull.
Selon monsieur Didier Lamouche : << Ce centre de services sera
dédié aux projets de maîtrise d'oeuvre et d'intégration dans le secteur des
télécommunications ainsi qu'aux projets de e-gouvernement, activités où Bull
Maroc peut capitaliser sur ses succès récents pour devenir l'un des leaders
du marché >>.
Dans un marché de l'offshoring en croissance continue, le Gouvernement
marocain a décidé, de faire de l'offshoring, ou activité de services à
distance, un axe stratégique de développement pour l'économie marocaine au
cours des prochaines années. De son côté, fort de sa présence de plus de
cinquante ans au Maroc, et de l'expérience accumulée sur les grands projets
de services, Bull est devenu aujourd'hui un partenaire stratégique pour le
Royaume du Maroc et parmi les mieux à même de soutenir les ambitions que
s'est fixé le Gouvernement en matière de modernisation.
Avec 200 emplois nouveaux à créer d'ici 2009, venant s'ajoutant à un
effectif actuel de 100 personnes déjà en place, les objectifs de croissance
du Centre de Services sont ambitieux et contribueront à l'élargissement de
l'offre services de Bull et à son développement à l'international.
<< Ce centre sera, pour le Groupe, un lieu d'accumulation de savoir-faire
et de rayonnement international à partir du Maroc, en particulier sur les
marchés des pays francophones >> poursuit monsieur Didier Lamouche. << Il
s'inscrit dans la dynamique internationale du Groupe qui compte déjà des
centres de services au Brésil, en Chine, en France et en Pologne >>.
A propos de Bull, architecte d'un monde ouvert
Expert des systèmes d'information ouverts, flexibles et
sécurisés, Bull est l'un des premiers acteurs informatiques européens. Le
Groupe accompagne les grandes entreprises et les administrations dans la
transformation de leur système d'information en leur apportant son expérience
et son savoir-faire dans trois domaines fondamentaux :
- serveurs ouverts, robustes et performants basés sur des
technologies standard, bénéficiant de son savoir-faire historique dans le
domaine des grands serveurs d'entreprise ;
- infrastructures applicatives flexibles et communicantes,
grâce à ses alliances avec les principaux éditeurs et son engagement de
longue date dans les logiciels libres ;
- sécurité de bout en bout des échanges et des données pour
préserver la souveraineté de ses clients.
Bull est particulièrement présent dans le secteur public, la
santé, la finance, les télécommunications, l'industrie et la défense. Son
réseau de distribution et de partenaires s'étend sur plus de 60 pays.
Pour plus d'informations : http://www.bull.fr
Contacts presse :
Bull
Anne Marie Jourdain - Tel : +33-01-30-80-32-52 -
anne-marie.jourdain@bull.net
Financial Dynamics
Elodie Marchand - Tel : +33-01-47-03-68-17 - elodie.marchand@fd.com /
Tiphaine Bannelier - Tel :+33-01-47-03-68-59 - tiphaine.bannelier@fd.com
BULL
Contacts presse : Bull, Anne Marie Jourdain - Tel : +33-01-30-80-32-52, marie.jourdain@bull.net; Financial Dynamics, Elodie Marchand - Tel : +33-01-47-03-68-17 - elodie.marchand@fd.com / Tiphaine Bannelier - Tel :+33-01-47-03-68-59 - tiphaine.bannelier@fd.com
Mark Lucas Named to Imation Board
OAKDALE, Minn., April 13 /PRNewswire-FirstCall/ -- Imation Corp. today announced that Mark E. Lucas, Chairman and Chief Executive Officer of Geneva Watch Group, has been elected to the Company's Board of Directors. The addition of Mr. Lucas increases the size of Imation's Board of Directors to ten.
"We are very pleased to have Mark join Imation's Board," said Linda W. Hart, Non-Executive Chairman of the Board. "His broad business background and brand management expertise will further strengthen the Imation Board and provide additional depth and breadth of experience."
Frank P. Russomanno, Imation CEO and board member said: "Mark's track record -- from strategic development to sales, marketing and brand management -- will provide a valuable perspective to Imation as we strengthen our brand portfolio. He has run consumer durables and packaged goods businesses, led companies in development and marketing of short life-cycle, technology-based products, and has successfully tapped into competitive global markets."
Mr. Lucas has been Chairman and Chief Executive Officer of Geneva Watch Group since November 2005. Geneva Watch Group, a privately held company based in Long Island City, NY, is a leading designer, manufacturer and distributor of watches, pens and clocks under both its own brand and licensed brands representing fashion leaders including Kenneth Cole New York, Tommy Bahama, BCBG Max Azria, Betsey Johnson, Mudd, and XGames. Previously, he had been President and CEO of Altec Lansing Technologies, a leading provider of powered, portable, personal and interactive audio products. He has also held executive management positions at Iomega Corporation, Gillette and Duracell and started his career at Nestle Corp. He received both a Bachelor of Science in Industrial Engineering and a Masters of Business Administration from Rensselaer Polytechnic Institute.
Lucas was elected as a Class III board member, for a term to expire at the Annual Meeting of Shareholders in 2008 and will serve on the Audit and Finance Committee and the Compensation Committee of the Board of Directors.
Other members of Imation's Board of Directors include:
-- Michael S. Fields, Chairman and Chief Executive Officer, KANA Software,
Inc. Chairman, The Fields Group
-- Linda W. Hart, Vice Chairman and Chief Executive Officer, Hart Group,
Inc., and Non-Executive Chairman of the Board, Imation Corp.
-- Charles A. Haggerty, Chief Executive Officer, LeConte Associates, LLC,
Retired Chairman and Chief Executive Officer, Western Digital
Corporation.
-- Ronald T. LeMay, Industrial Partner, Ripplewood Holdings LLC; Executive
Chairman and Chief Executive Officer, Last Mile Connections, Inc.;
Chairman, AirCell, Inc.; Chairman, October Capital
-- L. White Matthews, III, retired Executive Vice President and Chief
Financial Officer, Ecolab, Inc.; former Executive Vice President and
Chief Financial Officer; Union Pacific
-- Charles Reich, retired Executive Vice President, 3M Company, Health
Care Business
-- Frank P. Russomanno; Chief Executive Officer and President, Imation
Corp.
-- Glen A Taylor; Chairman, Taylor Corporation
-- Daryl J. White, retired President and Chief Financial Officer,
Legerity, Inc; former Senior Vice President of Finance and Chief
Financial Officer, Compaq Computer Corporation
About Imation Corp.
Imation Corp. is the only company in the world solely focused on the development, manufacture and supply of removable data storage products spanning the four pillars of magnetic, optical, flash and removable hard disk storage. Additional information about Imation is available at http://www.imation.com/ or by calling 1-888-466-3456.
Imation Corp.
CONTACT: Brad Allen of Imation Corp., +1-651-704-5818, bdallen@imation.com
Web site: http://www.imation.com/
China Technology Announces the Proposed Change of Board of Directors
HONG KONG, April 13 /Xinhua-PRNewswire-FirstCall/ -- China Technology Development Group Corporation (Nasdaq: CTDC; "CTDC" or the "Company") today announced proposed change of Board of Directors of the Company (the "Board") subject to the Shares Sale and Purchase Agreements (the "SPAs") dated April 12, 2007. The SPAs are agreed and signed by Beijing Holdings Limited ("Beijing Holdings") and China Biotech Holdings Limited as well as by Beijing Holdings and ChinaDragon Pacific Limited ("ChinaDragon Pacific") respectively. Two executive directors of the Company, Mr. Changshan Zhao and Mr. Xu Qian, will resign following the completion of the SPAs. Mr. Kang Li and Mr. Wenhan Bi will be appointed by the Board as new executive directors of the Company. Prior to joining the Company, Mr. Kang Li was the Vice President of China Science & Merchants Venture Capital Management Co., Ltd., which is a subsidiary of China Merchants Group, focusing on venture capital investments in China. And Mr. Wenhan Bi currently serves as the Managing Director of Guo Kang Pharmaceutical & Medical Supplies Limited, which is the sole shareholder of ChinaDragon Pacific. Mr. Alan Li, the current Chief Executive Officer and executive director of the Company, will be appointed as Chairman of the Board.
In addition, the number of warrants to be issued pursuant to the Subscription Agreements entered into on April 12, 2007 will be 1,250,000 warrants rather than 1,500,000 warrants as reported previously.
About CTDC:
CTDC is engaged in information network security and nutraceutical business in China. CTDC's ultimate principal shareholder is China Merchants Group (http://www.cmhk.com/), one of the leading Chinese state-owned enterprises in China. For more information, please visit our website at http://www.chinactdc.com/ .
Forward-Looking Statement Disclosure:
This press release of the Company, which is a foreign private issuer, on Form 6-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Act of 1934. These statements relate to future events or the Company's future financial performance. The Company has attempted to identify forward-looking statements by terminology including "anticipates", "believes", "expects", "can", "continue", "could", "estimates", "expects", "intends", "may", "plans", "potential", "predict", "should", or "will" or the negative of these terms or other comparable terminology. These statements are only predictions, uncertainties and other factors may cause the Company's actual results, level of activity, performance or achievements to be materially different from any future results, level of activity, performance or achievements expressed or implied by these forward-looking statements. The information in this Report on Form 6-K is not intended to project future performance of the Company. Although the Company believes that the expectations reflected in the forward- looking statements are reasonable, the Company does not guarantee future results, level of activity, performance or achievements. The Company's expectations are as of the date this Form 6-K is filed, and the Company does not intend to update any of the forward-looking statements after the date this Report on Form 6-K is filed to conform these statements to actual results, unless required by law.
Contact:
China Technology Development Group Corporation
Yibing Zhang
Chief Financial Officer and Company Secretary
Tel: +852-3112-8461
Email: investor.relations@chinactdc.com
Source: China Technology Development Group Corporation
CONTACT: Yibing Zhang, CFO of CTDC, +852-3112-8461, or investor.relations@chinactdc.com
Web site: http://www.chinactdc.com/ http://www.cmhk.com/
ALONG Mobile Technologies Inc Announces Its New WAP Strategy
XI'AN, China, April 13 /Xinhua-PRNewswire/ -- ALONG Mobile Technologies Inc. , a leading provider of wireless interactive entertainment products and services to customers in China, today announced its new strategy to bring forward a wireless entertainment platform -- "Waiting 2.0'', which will offer a brand-new experiences model to the users. Relying on its more excellent contents, more reasonable price and the better using experience, it will certainly add more entertainment experience to all the mobile phone users around China.
It is worthwhile that this system can achieve the integrity of the numerous diversified platforms that are normally used by different small- scoped customers and then to advance the accuracy and precision of the resources put-in. ALONG will as usual commit itself to developing more entertainment contents, and provides the mobile phone users more entertainment contents by virtue of the ''Waiting 2.0'' wireless entertainment platform, like rich and colorful books, music, and ring tones etc.
The client terminal of this new platform will be easily downloaded into customers' cell phones through our existing terminals. Furthermore, ALONG members will enjoy the service of loading this client terminal in their mobile phones to get served and download resources at any time and any place. Mr. Li Jianwei, CEO of ALONG Mobile, stated, '''Waiting 2.0', a wireless entertainment platform, guided by the ALONG's development strategy of integrating the internet and the wireless network, is a newly designed entertainment platform faced to mobile phone users and developed by ALONG based upon its mature system of downloading terminals. ALONG's abundant product resources and mature payment system are the unique advantages of this brand.''
Wang Zhen, CFO of ALONG Mobile commented, ''The new WAP (Wireless Application Protocol) downloading platform (''Waiting 2.0'') will aid ALONG in bringing a wider range of excellent services by making full use of its existing clients, like information services, and advertising services, etc. This will definitely be another effective way to gather more income for ALONG. Meanwhile, this will realize the mutual promotion between the MESP platform (Mobile Entertainment Service Platform) and the WAP platform and then to boost the company's wireless network strategy. Also, it will build up a quick and convenient downloading channel for the low-end mobile phone users."
Forward-looking statement
Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information.
About ALONG
ALONG Mobile Technologies, Inc. is a mobile value-added services provider in the PRC. The Company designs, produces, publishes, manufactures, provides and distributes proprietary wireless entertainment applications such as ring- tones, games, images, videos and e-books to its customers. Our Wireless Applications are intended to be downloaded by our customers on a fee-basis by means of our proprietary public downloading terminals which are installed by us in strategic locations such as shopping centers, universities, entertainment centers, cinemas, hotels, airports, restaurants and parks. Interaction enriches your life. For more information about ALONG, please visit http://www.alonggame.com/ . Our customers will soon be able to download our games via the internet from the website http://www.whatplay.cn/ .
For more information, please contact:
Michael Wang
ALONG Mobile Technologies Inc.
Tel: +86-29-8836-0097
Fax: +86-29-8836-0090
Email: michaelwang@alonggame.com
Web: http://www.alongmobile.com/
ALONG Mobile Technologies Inc.
CONTACT: Michael Wang of ALONG Mobile Technologies Inc., +86-29-8836-0097, or fax, +86-29-8836-0090, or michaelwang@alonggame.com
Web Site: http://www.alongmobile.com/ http://www.alonggame.com/ http://www.whatplay.cn/
Autonomy Corporation plc: Scheduling of First Quarter 2007 Results and Conference Call
CAMBRIDGE, England, April 13 /PRNewswire-FirstCall/ -- Autonomy Corporation plc , a leading provider of infrastructure software for the enterprise, today announced that results for the first quarter ended 31 March 2007 will be announced on 25 April 2007. A teleconference call to discuss these results will be hosted on 25 April 2007 at 9.30am BST. The call will be available live via webcast over the World Wide Web. To access the live webcast, investors are directed towards the investor relations section of Autonomy's website, http://www.autonomy.com/. Investors should go to the website approximately 15 minutes prior to the start time of the call to register.
About Autonomy
Autonomy Corporation plc is a global leader in infrastructure software for the enterprise and is spearheading the meaning-based computing movement. Autonomy's technology forms a conceptual and contextual understanding of any piece of electronic data including unstructured information, be it text, email, voice or video. Autonomy's software powers the full spectrum of mission-critical enterprise applications including information access technology, BI, CRM, KM, call center solutions, rich media management, compliance and litigation solutions and security applications, and is recognized by industry analysts as the clear leader in enterprise search.
Autonomy's customer base comprises more than 16,000 global companies and organizations including: 3, ABN AMRO, AOL, BAE Systems, BBC, Bloomberg, Boeing, Citigroup, Coca Cola, Daimler Chrysler, Deutsche Bank, Ericsson, Ford, GlaxoSmithKline, Kraft Foods, Lloyd TSB, NASA, Nestle, the New York Stock Exchange, Reuters, Shell, T-Mobile, the U.S. Department of Energy, the U.S. Department of Homeland Security and the U.S. Securities and Exchange Commission. Autonomy also has over 300 OEM partners and more than 350 VARs and Integrators, numbering among them leading companies such as BEA, Business Objects, Citrix, EDS, IBM Global Services, Novell, Stellent, Sybase, Symantec, TIBCO and Vignette. The company has offices worldwide.
The Autonomy Group includes: Aungate, specialist in real-time enterprise governance; Virage, a visionary in rich media management and security and surveillance technology; etalk, award-winning provider of enterprise-class contact center products and Cardiff, a leader in content capture and business process management solutions.
Autonomy and the Autonomy logo are registered trademarks or trademarks of Autonomy Corporation plc. All other trademarks are the property
of their respective owners.
Financial Media Contacts:
Edward Bridges/Haya Chelhot
Financial Dynamics
+44-(0)20-7831-3113
Analyst and Investor Contacts:
Sushovan Hussain, Chief Financial
Officer
Autonomy Corporation plc
+44-(0)1223-448-000
Autonomy Corporation plc
CONTACT: Financial Media Contacts: Edward Bridges/Haya Chelhot, Financial Dynamics, +44-(0)20-7831-3113; Analyst and Investor Contacts: Sushovan Hussain, Chief Financial, Officer, Autonomy Corporation plc, +44-(0)1223-448-000
FEI Company Announces Dates for Investor Meetings and First Quarter Financial Release
HILLSBORO, Ore., April 12 /PRNewswire-FirstCall/ -- FEI Company will release its financial results for the first quarter of 2007 after the financial markets close on Monday, April 30, 2007. The first quarter ended on April 1, 2007.
A conference call and simultaneous webcast to discuss the results will be held on Monday, April 30 at 2:00 p.m. PDT (5:00 p.m. EDT). Access to the call will be available at 1-800-219-6110 (U.S., toll-free) or 1-303-240-2134 (international), with the conference title: FEI Q1 Earnings Call. A telephone replay of the call will be available at 1-800-405-2236 (U.S.) or 1-303-590-3000 (international) with the passcode: 11088415#. Both live and recorded audio webcasts of the call will be available at the investor relations section of the company's web site at http://www.fei.com/.
In addition, the company announced that its management will meet with investors at three upcoming conferences. They are:
- the Merrill Lynch Tech Gathering at the Grand Hyatt New York on
May 2, 2007;
- the Credit Suisse Semis and Supply-Chain Conference at their offices
in New York at 2:15 p.m. EDT on May 16, 2007; and
- the Cowen and Company SMid-Cap Technology Conference at The New York
Palace Hotel at 10:30 a.m. EDT on June 1, 2007.
Interested investors can access an audio webcast of the group presentations at the Credit Suisse and Cowen conferences on the company's web site at http://www.fei.com/, where they will be played live and archived in the presentations area of the investor relations section.
About FEI:
FEI Company is a global leader in providing innovative instruments for nanoscale imaging, analysis and prototyping. FEI focuses on delivering solutions that provide groundbreaking results and accelerate research, development and manufacturing cycles for its customers in Semiconductor and Data Storage, Academic and Industrial R&D, and Life Sciences markets. With R&D centers in North America and Europe, and sales and service operations in more than 50 countries around the world, FEI's Tools for Nanotech(TM) are bringing the nanoscale within the grasp of leading researchers and manufacturers. More information can be found online at: http://www.fei.com/.
FEI Company
CONTACT: Fletcher Chamberlin, Treasurer and Investor Relations Director of FEI Company, +1-503-726-7710, Fletcher.chamberlin@fei.com
Web site: http://www.fei.com/
WebSideStory Reports Option Grants Under NASDAQ Marketplace Rule 4350
SAN DIEGO, April 12 /PRNewswire-FirstCall/ -- WebSideStory, Inc. , a leading provider of real-time customer intelligence solutions, today announced that in accordance with NASDAQ Marketplace Rule 4350, it has issued new inducement stock options to four non-executive employees.
The inducement stock options cover an aggregate of 15,500 shares of common stock and are classified as non-qualified stock options with an exercise price equal to the fair market value of WebSideStory's common stock at the close of the trading day immediately preceding the grant date. The options have a seven-year term and, subject to the terms and conditions of the WebSideStory, Inc. 2006 Employment Commencement Equity Incentive Award Plan, vest over four years as follows: 25% of the shares subject to each option will vest on the one year anniversary of the grant date of each option; and the remaining 75% of the shares subject to each option will vest in 36 equal monthly increments during each of the second, third and fourth years thereafter.
Pursuant to Nasdaq Marketplace Rule 4350 (i)(1)(A)(iv), the options were granted on April 4, 2007 under WebSideStory's 2006 Employment Commencement Equity Incentive Award Plan, which WebSideStory's board of directors adopted to facilitate the granting of stock options as an inducement to new employees to join WebSideStory. In accordance with NASDAQ rules, these grants of stock options were made under a stock option plan without stockholder approval. NASDAQ rules require public announcement of option grants made under this type of plan.
About WebSideStory, Inc.
Founded in 1996, WebSideStory, Inc. is a leading provider of real-time customer intelligence solutions. The services provided by WebSideStory and Visual Sciences deliver comprehensive insight into the lifetime of customer interactions across on-line and multi-channel businesses. More than 1,500 enterprises worldwide rely on the company for innovative solutions, enterprise-class services and a world-class network of partners to improve marketing, sales and operational performance. WebSideStory is headquartered in San Diego, California, and has European headquarters in Amsterdam, The Netherlands. For more information, contact WebSideStory. Voice: 858.546.0040. Fax: 858.546.0480. Address: 10182 Telesis Court, 6th Floor, San Diego, CA 92121. Web site: http://www.websidestory.com/. WebSideStory is a registered trademark of WebSideStory, Inc. Visual Sciences is a registered trademark of Visual Sciences, LLC, which is a wholly owned subsidiary of WebSideStory, Inc.
Forward-Looking Statements
Statements in this press release that are not a description of historical facts are forward-looking statements. You should not regard any forward-looking statement as a representation by WebSideStory that any of its plans will be achieved. Actual results may differ materially from those set forth in this release due to the risks and uncertainties inherent in WebSideStory's business, including, without limitation: WebSideStory's reliance on its web analytics services for the majority of its revenue; blocking or erasing of cookies or limitations on our ability to use cookies; WebSideStory's limited experience with customer intelligence applications beyond web analytics; the risks associated with integrating the operations and products of Avivo Corporation and Visual Sciences, LLC with those of WebSideStory; privacy concerns and laws or other domestic or foreign regulations that may subject WebSideStory to litigation or limit our ability to collect and use Internet user information; WebSideStory's ability to defend itself against claims of patent infringement alleged by NetRatings, Inc.; WebSideStory's ongoing ability to protect its own intellectual property rights and to avoid violating the intellectual property rights of third parties; the highly competitive markets in which we operate that could make it difficult for WebSideStory to acquire and retain customers; the risk that WebSideStory's customers fail to renew their agreements; the risks associated with the company's indebtedness, including the risk of non-compliance with the covenants in our credit facility; the risk that WebSideStory's services may become obsolete in a market with rapidly changing technology and industry standards; and other risks described in WebSideStory's Securities and Exchange Commission filings, including WebSideStory's annual report on Form 10-K for the year ended December 31, 2006 and quarterly reports on Form 10-Q. Do not place undue reliance on these forward-looking statements which speak only as of the date of this news release. All forward-looking statements are qualified in their entirety by this cautionary statement, and WebSideStory undertakes no obligation to revise or update this news release to reflect events or circumstances after the date of this news release.
WebSideStory, Inc.
CONTACT: Claire Long of WebSideStory, Inc., +1-858-754-2787, claire.long@websidestory.com
Web site: http://www.websidestory.com/
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