Companies news of 2007-04-17 (page 1)
MSC.Software Reports Preliminary Revenue Results for the First Quarter Ended March 31,...
Organic, Inc. Named Web Design Leader by Independent Research FirmOrganic's...
RR Donnelley to Announce First Quarter 2007 Results and Host a Conference Call on May 1
KEMET Announces Final Results of Public Tender Offer for All Shares and Convertible...
Actions Semiconductor to Report First Quarter 2007 Financial Results on May 10, 2007
RRSat First Quarter 2007 Results Release Scheduled for Tuesday, May 8, 2007Conference Call...
Seagate Technology Reports Fiscal Third Quarter 2007 Results
Linear Technology Announces Proposed Private Placement of $1.7 Billion of Convertible...
Linear Technology Reports Lower Revenue and Net Income From the Third Quarter of the...
Ricoh Debuts New EFI Digital StorefrontWeb-to-Print Platform Provides Customers with 24/7...
Expedia, Inc. to Audiocast Earnings Conference Call
Compress Technologies Receives $500K Fee
Netflix Announces Revised Date for First Quarter Earnings
Renaissance Learning, Inc. Announces First Quarter, 2007 Results
Frost & Sullivan Lauds Dassault Systemes for Its Pioneering Technological Innovations in...
Enpath Medical Appoints Industry Veteran as New General ManagerAnthony Headley Named Vice...
AMICAS Acquires IMAGINEradiology Practice Management SoftwareNew Windows-Based Radiology...
EMC Implements Support for SNIA SMI-S V1.2 in Leading Storage PlatformsEMC Helps Advance...
Comcast to Open New Customer Support Center in Newark, DE; Announces 800 Additional Local...
Oregon Consumers Win as Washington County and 10 Cities Approve Video Services Franchise
/C O R R E C T I O N -- SI International/
For Verizon Customers Who are Moving, One Call Does it All; Seamless Termination and...
Websense Positioned in Leaders Quadrant by Leading Analyst Firm for Content Monitoring and...
Secure Computing Shares Research Innovations and Best Practices In Email, Web and Domain...
Butler Special Shareholder Committee to Refile Complaint Against CEO, Board
Shutterfly Chooses DataDirect Networks S2A9550 Storage Solution to Power Its Image...
Systems Xcellence to Host Conference Call for Fiscal 2007 First Quarter Financial Results
Perot Systems to Webcast First Quarter 2007 Results of Operations on May 1st
AT&T Services Inc. Obtains Permanent Injunctions Against Alleged Data Brokers With More to...
MSC.Software Reports Preliminary Revenue Results for the First Quarter Ended March 31, 2007
SANTA ANA, Calif., April 17 /PRNewswire-FirstCall/ -- MSC.Software Corporation , the leading global provider of enterprise simulation solutions including simulation software and services, today announced preliminary revenue results for the first quarter ended March 31, 2007.
For the first quarter ended March 31, 2007, the Company expects to report revenue in the range of $56 to $58 million compared to revenue of $67.4 million in the first quarter last year. Last year's first quarter included $2.5 million of revenue associated with the Company's PLM business which was sold in March 2006 (of the total $2.5 million of PLM revenue, $1.3 million was software and $1.2 million was services revenue), and approximately $6.8 million in software revenue that resulted from restatement adjustments. The restatement adjustments arise from software revenue recognized in the first quarter of last year for transactions that occurred prior to January 2005. Adjusting for PLM and the accounting restatement impact in the first quarter last year, it is estimated that software license revenue increased by approximately 8% in the first quarter 2007, while maintenance revenue increased by approximately 4% and services declined by approximately 40%. Additionally, as previously reported, the company expects to take a restructuring charge in the first quarter of approximately $7.0 million. The company expects to report a GAAP net loss for the first quarter both before and after adjusting for the restructuring charge.
The revenue range and revenue growth rate are estimates and may change pending the Company's management and independent auditor's completion of their normal quarterly closing and review procedures. The Company expects to report first quarter results on May 9, 2007 and file its Form 10-Q for the first quarter on May 10, 2007. The Company will discuss in detail these first quarter results and forward guidance and outlook for 2007 on its Q1 conference call on May 9th.
About MSC.Software Corporation
MSC.Software Corporation is a leading global provider of enterprise simulation solutions including simulation software and services, that help companies make money, save time and reduce costs associated with designing and testing manufactured products. MSC.Software works with thousands of companies in hundreds of industries to develop better products faster by utilizing information technology, software and services. MSC.Software employs more than 1100 people in 23 countries. For additional information about MSC.Software's products and services, please visit http://www.mscsoftware.com/.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including, without limitation, statements regarding our expectations, beliefs, intentions or strategies regarding the future. All forward-looking statements included in this press release are based on information available to us on the date hereof. These statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results to differ materially from those implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "targets," "goals," "projects," "continue," or variations of such words, similar expressions, or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Neither we nor any other person can assume responsibility for the accuracy and completeness of forward-looking statements. Important factors that may cause actual results to differ from expectations include, but are not limited to, those discussed in "Risk Factors" on our 2006 Form 10-K filed with the Securities and Exchange Commission. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
MSC.Software Corporation
CONTACT: Joanne Keates, Vice President, Investor Relations of MSC.Software, +1-714-444-8551, joanne.keates@mscsoftware.com
Web site: http://www.mscsoftware.com/
Organic, Inc. Named Web Design Leader by Independent Research FirmOrganic's Empathy-building Approach and Use of Personas in 'Standout User Research' Sets Firm Apart
SAN FRANCISCO, April 17 /PRNewswire/ -- Organic, Inc., a leading digital communications agency, was named as a leader in both "Transaction-Led" and "Image-Led" web site design projects, according to a report released by Forrester Research. The report, entitled "The Forrester Wave(TM): Interactive Marketing Agencies -- Web Design Capabilities, Q2 2007" (April 2007) evaluated Organic alongside 14 other agencies against 18 criteria.
In this evaluation, Organic was cited as a leader and one of four "leaders of the pack." According to the report, "Organic's vision to be 'the go-to- agency for empathy-based experience design' is well within its reach." The report continues, "Rigorous user research tactics, empathy-building exercises, and standout persona application make it a good choice for companies that need help transitioning to user-centered design. Similar to the results from the 2005 evaluation, its reference sites earned consistently high markets for usability ... "
Forrester used a rigorous methodology that evaluated the web design agencies against 18 criteria, including scores derived from two reference sites that included both a "Web Site Review" and a "Brand Image Review," which evaluated both the usability and the brand representation of each site -- both critical building blocks of an exceptional digital experience.
According to highlights of the report, "The agency is an especially good fit for buyers who want:
"In-depth understanding of consumer attitudes and behavior. The firm
scores top marks for its rigorous user research tactics and its best
practices in bringing personas to life within a company. Clients that
need help with aligning their organizations around user needs will
benefit from techniques like short videos that highlight key messages
from ethnographic research, portable collections of physical objects that
individual personas would use in every day life, and "persona rooms" that
literally put stakeholders in the personal space of customers.
"An equal focus on usability and branding. With its unusually broad
range of experience design skills, Organic effectively translates its
deep understanding of consumer needs into Web sites that help users
achieve their goals ... This makes Organic a top pick for companies that
need highly usable sites that also adequately support their brand."
"Being recognized as a leader in our category is truly an honor," said Mark Kingdon, CEO of Organic. "At Organic, two things guide our work: our unique empathy-focused methodology and our passion for emerging technologies. We are delighted that these guiding principals are apparent in our work, and ultimately deliver value to our clients."
Organic's clients include leading brands such as DaimlerChrysler, Sprint, Bank of America, and Geek Squad. In addition to being named a "Leader" by Forrester, Organic is also a top 10 interactive agency, according to Advertising Age.
The report was authored by Forrester's Kerry Bodine with Harley Manning and Moira Dorsey. To view the entire independent report and the summary of Organic's scorecard evaluation, go to http://www.organic.com/about/reportlist.jsp.
About Organic, Inc.
Organic(R) is a leading digital communications agency that designs and builds exceptional interactive experiences that help tell brand stories, grow and nurture customer relationships, and make the online channel more accountable for leading companies. Founded in 1993, Organic has offices in Detroit, Los Angeles, New York, San Francisco, and Toronto. Advertising Age named Organic a top ten interactive agency. To learn more about Organic, please visit http://www.organic.com/ or read our blog at http://threeminds.organic.com/.
Organic, Inc. is a part of Omnicom Group Inc. (http://www.omnicomgroup.com/). Omnicom is a leading global advertising, marketing and corporate communications company. Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries.
The Forrester Wave is a trademark of Forrester Research. Organic is a registered trademark of Organic, Inc. All rights reserved.
Organic, Inc.
CONTACT: Amanda Van Nuys of Organic, Inc., +1-415-581-5834, avannuys@organic.com
Web site: http://www.organic.com/
RR Donnelley to Announce First Quarter 2007 Results and Host a Conference Call on May 1
CHICAGO, April 17 /PRNewswire-FirstCall/ -- R.R. Donnelley & Sons Company announced today that it will release its financial results for the first quarter ended March 31, 2007 on Tuesday, May 1, before the market opens. On the same day, at 9:00 am central time, management will host a conference call to be broadcast simultaneously over the Internet to review the company's results.
The live webcast will be accessible on RR Donnelley's web site: http://www.rrdonnelley.com/ . Individuals wishing to participate can join the conference call by dialing 706.634.1139.
A webcast replay will be archived on the Company's web site for 30 days after the call. In addition, a telephonic replay of the call will be available for seven days at 706.645.9291, passcode 5969650.
About RR Donnelley
RR Donnelley is the world's premier full-service provider of print and related services, including business process outsourcing. Founded more than 140 years ago, the company provides solutions in commercial printing, direct mail, financial printing, print fulfillment, labels, forms, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management to customers in the publishing, healthcare, advertising, retail, technology, financial services and many other industries. The largest companies in the world and others rely on RR Donnelley's scale, scope and insight through a comprehensive range of online tools, variable printing services and market-specific solutions. For more information, visit the company's web site at http://www.rrdonnelley.com/ .
RR Donnelley Investor Contact: RR Donnelley Media Contact:
Dan Leib Doug Fitzgerald
Sr. Vice President, Finance Executive Vice President,
312.326.7710 Marketing & Communications
dan.leib@rrd.com 630.322.6830
doug.fitzgerald@rrd.com
R.R. Donnelley & Sons Company
CONTACT: Investors, Dan Leib, Sr. Vice President of Finance, +1-312-326-7710, dan.leib@rrd.com, Media, Doug Fitzgerald, Executive Vice President of Marketing & Communications, +1-630-322-6830, doug.fitzgerald@rrd.com, both of RR Donnelley
Web site: http://www.rrdonnelley.com/
KEMET Announces Final Results of Public Tender Offer for All Shares and Convertible Capital Loan Notes in Evox Rifa Group Oyj
GREENVILLE, S.C., April 17 /PRNewswire-FirstCall/ -- KEMET Corporation today announced the final results of the public tender offer by KEMET Electronics Corporation ("KEMET"), a wholly-owned direct subsidiary of KEMET Corporation, for all the shares and convertible capital loan notes in Evox Rifa Group Oyj ("Evox Rifa") which commenced on March 12, 2007, and ended on April 12, 2007.
According to the final result of the tender offer, the shares tendered in the tender offer represent approximately 92.5% of the shares and votes in Evox Rifa. In addition, holders of approximately 95.7% of the convertible capital loan notes issued by Evox Rifa have tendered their loan notes pursuant to the tender offer. If KEMET were to convert the loan notes tendered into new shares in Evox Rifa, KEMET's total holding in Evox Rifa would amount to approximately 93.9% of the shares and votes in Evox Rifa after the relevant increase of the share capital.
All the conditions for completion of the tender offer have now been satisfied and, accordingly, KEMET will proceed with the completion of the tender offer. The offer consideration will be paid to the shareholders and the holders of loan notes who have validly accepted the tender offer in accordance with the terms and conditions of the tender offer on or about April 24, 2007.
About Evox Rifa:
Evox Rifa Group Oyj manufactures passive electronic components, specializing in plastic film, paper and electrolytic capacitors. Their major customer groups are in industrial, automotive and consumer electronics and the lighting industry. Evox Rifa's strength lies in the design and production of customized products that require specialist expertise. Evox Rifa, with headquarters in Finland, has a worldwide sales and distribution network. Its production plants are located in Indonesia, Great Britain, China, Sweden and Finland. Evox Rifa has two global business areas: Electrolytic Capacitors and Film and Paper Capacitors. Additional information can be found at http://www.evoxrifa.com/ or by contacting Mr. Jerker Molander, Vice Chairman of the Board of Directors, 358-50-380-3845.
About KEMET:
KEMET Corporation applies world-class service and quality to deliver industry-leading, high-performance capacitance solutions to its customers around the world. KEMET offers the world's most complete line of surface-mount capacitor technologies across tantalum, ceramic and solid aluminum dielectrics. KEMET's common stock is listed on the New York Stock Exchange under the symbol KEM.
Contact: David E. Gable
Senior Vice President and Chief Financial Officer
davidgable@kemet.com
864-963-6484
KEMET Corporation
CONTACT: David E. Gable, Senior Vice President and Chief Financial Officer of KEMET Corporation, +1-864-963-6484, davidgable@kemet.com
Web site: http://www.kemet.com/ http://www.evoxrifa.com/
Actions Semiconductor to Report First Quarter 2007 Financial Results on May 10, 2007
ZHUHAI, China, April 17 /PRNewswire-FirstCall/ -- Actions Semiconductor Co., Ltd. , one of China's leading fabless semiconductor companies, today announced that it will release full financial results for the first quarter ended March 31, 2007, following the close of the market on Thursday, May 10, 2007. The company will host a corresponding conference call and live webcast at 5:30 p.m. Eastern Time (ET).
To listen to the live conference call, please dial 800-706-7748 or 617-614-3473 and enter passcode 32512237 at 5:20 p.m. Eastern Time (ET) on May 10, 2007. An audio replay of the call will be available to investors through May 17, 2007, by dialing 888-286-8010 or 617-801-6888 and entering the passcode 42789823.
A live webcast of the call will be available from the "Investor Relations" section of the company's website at http://www.actions-semi.com/.
About Actions Semiconductor
Actions Semiconductor is one of China's leading fabless semiconductor companies that provides mixed-signal and multimedia SoC solutions for portable consumer electronics. Actions Semiconductor products include SoCs, firmware, software, solution development kits, as well as detailed specifications of other required components and the providers of those components. Actions Semiconductor also provides total product and technology solutions that allow customers to quickly introduce new portable consumer electronics to the mass market in a cost effective way. The company is headquartered in Zhuhai, China, with offices in Beijing and Shenzhen. For more information, please visit the Actions Semiconductor website at http://www.actions-semi.com/.
For More Information
Lisa Laukkanen Calvin Lau
The Blueshirt Group Investor Relations
for Actions Semiconductor at Actions Semiconductor
lisa@blueshirtgroup.com calvin.lau@actions-semi.com
415-217-4967 +86-756 3392 353 *1018
Actions Semiconductor Co., Ltd.
CONTACT: Lisa Laukkanen of The Blueshirt Group for Actions Semiconductor, +1-415-217-4967, lisa@blueshirtgroup.com; or Investor Relations, Calvin Lau of Actions Semiconductor, +86-756 3392 353 *1018, calvin.lau@actions-semi.com
Web site: http://www.actions-semi.com/
RRSat First Quarter 2007 Results Release Scheduled for Tuesday, May 8, 2007Conference Call Scheduled for May 8, 2007 at 10:00am EDT
OMER, Israel, April 17 /PRNewswire-FirstCall/ -- RRSat Global Communications Network Ltd. , a rapidly growing provider of comprehensive content management and global distribution services to the television and radio broadcasting industries, announced today that it will be releasing its first quarter 2007 results on Tuesday, May 8th 2007, before the US market opens.
The Company will also be hosting a conference call on the same day, at 10:00am EDT. On the call, Mr. David Rivel, Founder & CEO and Mr. Gil Efron, CFO will review and discuss the results and will be available to answer investor questions.
To participate, please call one of the following teleconferencing numbers. Please begin placing your calls at least 10 minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number.
US Dial-in Number: 1-888-668-9141
UK Dial-in Number: 0800-917-5108
Israel Dial-in Number: 03-918-0610
International Dial-in Number: +972-3-918-0610
at:
10:00am Eastern Time
7:00am Pacific Time
3:00pm UK Time
5:00pm Israel Time
A replay of the call will be available from the day after the call. The link to the replay will be accessible from RRSat's website at: http://www.rrsat.com/. In addition, there will be a telephone replay available for two days following the call. The replay numbers are:
1-888-254-7270 (US); 0800-917-4256 (UK) and +972-3-925-5927 (International).
About RRSat Global Communications Network Ltd.
RRSat Global Communications Network Ltd. provides global, comprehensive, content management and distribution services to the rapidly expanding television and radio broadcasting industries. Through its proprietary "RRSat Global Network," composed of satellite and terrestrial fiber optic transmission capacity and the public Internet, RRSat is able to offer high-quality and flexible global distribution services for content providers. RRSat's comprehensive content management services include producing and playing out TV content as well as providing satellite newsgathering services (SNG). RRSat concurrently provide these services to more than 365 television and radio channels, covering more than 150 countries. Visit the company's website http://www.rrsat.com/ for more information.
Company Contact Information: External Investor Relations Contacts:
Gil Efron, CFO Ehud Helft / Kenny Green
Tel: +972-8-861-0000 Tel: +1-866-704-6710
Email: investors@rrsat.com
RRSat Global Communications Network Ltd
CONTACT: Company Contact Information: Gil Efron, CFO, Tel: +972-8-861-0000, Email: investors@rrsat.com; External Investor Relations Contacts: Ehud Helft / Kenny Green, Tel: +1-866-704-6710
Seagate Technology Reports Fiscal Third Quarter 2007 Results
SCOTTS VALLEY, Calif., April 17 /PRNewswire-FirstCall/ -- Seagate Technology today reported revenue of $2.8 billion, GAAP net income of $212 million, and diluted net income per share of $0.37 for the quarter ended March 30, 2007. Net income and diluted net income per share includes approximately $62 million of charges associated with recent acquisitions. Excluding these charges, non-GAAP net income and diluted net income per share were $274 million and $0.47.
For the nine months ended March 30, 2007 Seagate reported revenue of $8.6 billion, GAAP net income of $371 million and diluted net income per share of $0.62. Net income and diluted net income per share include charges of approximately $219 million associated with recent acquisitions and $19 million for the early retirement of the 8% notes. Excluding these charges, non-GAAP net income and diluted net income per share were $609 million and $1.02.
"We are disappointed in our results for the March quarter," said Bill Watkins, Seagate chief executive officer. "We clearly miscalculated the market, and in this unusually challenging environment failed to deliver the projected results. However, it is worth noting that the fundamentals of our business and that of the industry remain solid. Seagate's revenue remained strong, our balance sheet is healthy, and we continued to generate cash for ongoing investments in the capital and R&D required for growth. We are operating at the kind of scale that will allow us to continue to innovate while driving down costs, and thus exercise a great deal of market flexibility. Moving forward, we will align spending with the current outlook, and continue to drive the cost improvements necessary to thrive in this environment."
Adjustments made to GAAP net income and diluted net income per share can be found with the financial statements included with this press release. Additional information relating to the financial results for the third fiscal quarter of 2007 can be found online at seagate.com.
Business Outlook
For fiscal year 2007, Seagate now expects $11.3 - $11.4 billion in revenue and $0.92 - $0.96 GAAP diluted net income per share. Including Maxtor's operating result but excluding approximately $247 million of expected acquisition related costs, and $19 million of fees associated with the early redemption of the 8% notes, non-GAAP diluted net income per share is expected to fall within the range of $1.37 - $1.41.
For the June quarter, Seagate expects to report revenue of $2.65 - $2.75 billion, and GAAP diluted net income per share of $0.29 - $0.33. Excluding approximately $28 million of expected acquisition related costs, Non-GAAP diluted net income per share for the June quarter is expected to fall within the range of $0.34 - $0.38.
This guidance does not include the impact of any future acquisitions, stock repurchases or restructuring activities the company may undertake.
Dividend and Stock Repurchase
The company has declared a quarterly dividend of $0.10 per share to be paid on or before May 18, 2007 to all common shareholders of record as of May 4, 2007.
During the quarter ended March 30, 2007, the company took delivery of approximately 22.6 million of its common shares related to its share repurchase plan. The average price of the shares delivered to the company in the March quarter was $26.26. The company has authorization to purchase approximately $1.175 billion of additional shares under the current stock repurchase program.
Conference Call
Seagate will hold a conference call to review the fiscal second quarter results at 2:30 p.m. Pacific Time today. The conference call can be accessed online at seagate.com or by phone as follows:
USA: (877) 223-6202
International: (706) 679-3742
Conference ID: 3512136
Replay
A replay will be available beginning April 17 at 6:30 p.m. Pacific Time through April 24 at 8:59 p.m. Pacific Time. The replay can be accessed from seagate.com or by phone as follows:
USA: (800) 642-1687
International: (706) 645-9291
Conference ID: 3512136
Podcast
A podcast featuring Bill Watkins discussing Seagate's performance during the quarter and the outlook going forward can be heard and downloaded from http://www.podtech.net/seagate beginning at 2:30 p.m. Pacific Time.
About Seagate
Seagate is the worldwide leader in the design, manufacture and marketing of hard disc drives, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. Seagate's business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers, and to be the low cost producer in all markets in which it participates. The company is committed to providing award- winning products, customer support and reliability to meet the world's growing demand for information storage. Seagate can be found around the globe and at http://www.seagate.com/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements related to the company's future operating and financial performance, including expected revenue, net income and diluted earnings per share (presented on a GAAP basis as well as on a non-GAAP adjusted basis), price and product competition, customer demand for our products, and general market conditions. These forward-looking statements are based on information available to Seagate as of the date of this press release. Current expectations, forecasts and assumptions involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward- looking statements. Such risks and uncertainties include a variety of factors, some of which are beyond the company's control. In particular, such risks and uncertainties include the impact of the variable demand and the aggressive pricing environment for disc drives; dependence on Seagate's ability to successfully qualify, manufacture and sell its disc drive products in increasing volumes on a cost-effective basis and with acceptable quality, particularly the new disc drive products with lower cost structures and those that address the 1.8-inch form factor; the impact of competitive product announcements and possible excess industry supply with respect to particular disc drive products, particularly now that there are no material limitations on disc drive component supply for our competitors; the impact of the acquisition of Maxtor on the company's financial results, including, without limitation, due to charges associated with retention, integration, purchase accounting and other related transaction costs; and the possibility that the combination of Seagate and Maxtor will not provide the anticipated benefits to the combined company on the projected timeline, if at all. Information concerning additional factors that could cause results to differ materially from those projected in the forward-looking statements is contained in the company's Annual Report on Form 10-K as filed with the U.S. Securities and Exchange Commission on September 11, 2006 and in the company's Quarterly Report on Form 10-Q as filed with the U.S. Securities and Exchange Commission on February 2, 2007. These forward-looking statements should not be relied upon as representing the company's views as of any subsequent date and Seagate undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made.
SEAGATE TECHNOLOGY
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)
March 30, June 30,
2007 2006 (a)
ASSETS
Cash and cash equivalents $909 $910
Short-term investments 301 823
Accounts receivable, net 1,367 1,445
Inventories 832 891
Other current assets 400 264
Total Current Assets 3,809 4,333
Property, equipment and leasehold
improvements, net 2,279 2,106
Goodwill 2,452 2,475
Other intangible assets 219 307
Other assets, net 517 323
Total Assets $9,276 $9,544
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable $1,397 $1,692
Accrued employee compensation 156 385
Accrued restructuring 25 210
Accrued expenses, other 775 648
Accrued income taxes 77 72
Current portion of long-term debt 330 330
Total Current Liabilities 2,760 3,337
Accrued restructuring 21 23
Other non-current liabilities 342 332
Long-term debt, less current portion 1,733 640
Total Liabilities 4,856 4,332
Shareholders' Equity 4,420 5,212
Total Liabilities and Shareholders'
Equity $9,276 $9,544
(a) The information in this column was derived from the Company's audited consolidated balance sheet as of June 30, 2006.
SEAGATE TECHNOLOGY
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share data)
(Unaudited)
Three Months Ended Nine Months Ended
March 30, March 31, March 30, March 31,
2007 2006 2007 2006
Revenue $2,828 $2,289 $8,616 $6,677
Cost of revenue 2,225 1,733 7,025 4,995
Product development 214 195 683 573
Marketing and
administrative 126 108 446 303
Amortization of
intangibles 13 -- 36 --
Restructuring, net 3 -- -- 4
Total operating
expenses 2,581 2,036 8,190 5,875
Income from operations 247 253 426 802
Interest income 15 19 59 48
Interest expense (33) (7) (107) (31)
Other, net 1 12 11 22
Other income
(expense), net (17) 24 (37) 39
Income before income
taxes 230 277 389 841
Provision for income
taxes 18 3 18 8
Net income $212 $274 $371 $833
Net income per share:
Basic $0.39 $0.56 $0.66 $1.72
Diluted 0.37 0.53 0.62 1.63
Number of shares used in
per share calculations:
Basic 546 489 564 483
Diluted 577 521 595 511
SEAGATE TECHNOLOGY
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)
Nine Months Ended
March 30, March 31,
2007 2006
OPERATING ACTIVITIES
Net income $371 $833
Adjustments to reconcile net income to
net cash from operating activities:
Depreciation and amortization 650 436
Stock-based compensation 101 57
Allowance for doubtful accounts receivable 42 --
Redemption charges on 8% Senior Notes due 2009 19 --
In-process research and development 4 --
Tax benefit from stock options -- (14)
Other non-cash operating activities, net 16 (13)
Changes in operating assets and liabilities:
Current assets and liabilities (703) 49
Other assets and liabilities 70 (53)
Net cash provided by operating activities 570 1,295
INVESTING ACTIVITIES
Acquisition of property, equipment and
leasehold improvements (688) (606)
Proceeds from sale of fixed assets 29 --
Purchases of short-term investments (322) (2,627)
Maturities and sales of short-term investments 851 2,724
Acquisitions, net of cash acquired (178) (28)
Other investing activities, net (44) (134)
Net cash used in investing activities (352) (671)
FINANCING ACTIVITIES
Net proceeds from issuance of long-term debt 1,477 --
Repayment of long-term debt (405) (340)
Redemption premium on 8% Senior Notes due 2009 (16) --
Issuance of common shares for employee stock plans 207 106
Dividends to shareholders (158) (115)
Tax benefit from stock options -- 14
Repurchases of common stock (1,324) --
Net cash used in financing activities (219) (335)
Increase (decrease) in cash and cash
equivalents (1) 289
Cash and cash equivalents at the beginning
of the period 910 746
Cash and cash equivalents at the end
of the period $909 $1035
Use of non-GAAP financial information
Our results of operations have undergone significant change in the past year, most significantly in connection with our acquisition of Maxtor. To help the readers of our condensed consolidated financial statements prepared on a GAAP basis better understand our past financial performance and our expectations of our future results, we supplementally disclose, after making certain non-GAAP adjustments, non-GAAP net income and non-GAAP diluted net income per share. We also provide forecasts of these non-GAAP financial measures. A reconciliation of the adjustments to GAAP net income and diluted net income per share for the periods is presented in the tables below. In addition, an explanation of the ways in which our board of directors and management use these non-GAAP financial measures to evaluate the business, the substance behind our management's decision to use these non-GAAP financial measures, the material limitations associated with the use of these non-GAAP financial measures, the manner in which Seagate management compensates for those limitations, and the substantive reasons why we believe that these non-GAAP financial measures provide useful information to investors is included under the caption "Use of Non-GAAP Financial Measures" in the Form 8-K furnished today with the U.S. Securities and Exchange Commission. This additional non-GAAP financial information is not meant to be considered in isolation or as a substitute for net income or diluted net income per share prepared in accordance with GAAP. You should not compare our non-GAAP net income or non-GAAP net income per share results with those of other companies, as the adjustments made to our GAAP results are unique to Seagate.
SEAGATE TECHNOLOGY
ADJUSTMENTS TO GAAP NET INCOME AND DILUTED NET INCOME PER SHARE
(Unaudited)
(In millions, except per share amounts)
Three Months Nine Months
Ended March 30, Ended March 30,
2007 2007
GAAP net income $212 $371
Non-GAAP adjustments:
Redemption charges on 8% Senior Notes
due 2009 A -- 19
Maxtor and EVault acquisition related
adjustments:
- Amortization of purchased intangible
assets B 53 127
- Write-off of in-process research and
development C 4 4
- Stock-based compensation D 3 24
- Integration and retention costs E 1 53
- Customer compensatory claims F -- 18
- Fair market value lease-interest
expense amortization G 2 5
Adjustments for taxes H (1) (12)
Non-GAAP net income 274 609
Diluted net income per share:
GAAP $ 0.37 $ 0.62
Non-GAAP $ 0.47 $ 1.02
Shares used in diluted net income per
share calculation: 577 595
A To exclude charges of $19 million related to the redemption of
Seagate's $400 million 8% Senior Notes due 2009 (allocated to Interest
expense)
B For the three and nine months ended March 30, 2007, amortization of
purchased intangible assets acquired in the Maxtor and EVault
acquisitions was allocated as follows:
Three Months Nine Months
Ended March 30, Ended March 30,
2007 2007
Cost of revenue $40 $92
Amortization of intangibles 13 35
Total amortization of purchased intangible
assets $53 $127
C To exclude the write-off of in-process research and development related
to the EVault acquisition (allocated to Product development)
D For the three and nine months ended March 30, 2007, stock-based
compensation expense related to the Maxtor acquisition was allocated as
follows:
Three Months Nine Months
Ended March 30, Ended March 30,
2007 2007
Cost of revenue $-- $3
Product development 3 15
Marketing and administrative -- 6
Total stock-based compensation expense $3 $24
E For the three and nine months ended March 30, 2007, integration and
retention costs related to the Maxtor acquisition were allocated as
follows:
Three Months Nine Months
Ended March 30, Ended March 30,
2007 2007
Cost of revenue $-- $18
Product development -- 20
Marketing and administrative 1 15
Total integration and retention costs $1 $53
F To exclude the settlement of $18 million in customer compensatory
claims relating to legacy Maxtor products (allocated to Cost of
revenue)
G To exclude interest expense related to purchase accounting treatment
for fair market value lease amortization
H To exclude the tax effects, where applicable, of adjustments to GAAP
net income
Seagate Technology
CONTACT: Media Relations, Brian Ziel, +1-831-439-5429, or brian.ziel@seagate.com, or Investor Relations, Rod Cooper, +1-831-439-2371, or rod.j.cooper@seagate.com, both of Seagate Technology
Web site: http://www.seagate.com/
Linear Technology Announces Proposed Private Placement of $1.7 Billion of Convertible Senior Notes
MILPITAS, Calif., April 17 /PRNewswire-FirstCall/ -- Linear Technology Corporation (NasdaqGS: LLTC) announced today that it intends to offer, subject to market and other conditions, $1.7 billion aggregate principal amount of its Convertible Senior Notes due May 1, 2027, which notes will be issued in a $1 billion tranche and a $700 million tranche, through an offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933.
Each series of notes will be initially convertible, upon satisfaction of certain conditions, into a combination of cash up to the principal amount of the notes and cash, common stock or a combination thereof, at Linear's election, with respect to any excess conversion value over the principal amount. The interest rate, conversion rate and other terms for each series of notes are to be determined by negotiations between Linear and the initial purchaser of the notes.
Linear intends to use the entire net proceeds of the offering to fund a portion of its planned repurchase of approximately $3 billion of its common stock pursuant to an accelerated stock repurchase transaction it expects to enter into with an affiliate of the initial purchaser simultaneously with the offering of the notes.
The initial purchaser has advised Linear that, in connection with the counterparty to the accelerated stock repurchase establishing its initial hedge of the accelerated stock repurchase transaction, it expects such counterparty or its affiliate to enter into various derivative and/or common stock purchase transactions in secondary market transactions concurrently with or shortly after the pricing of the notes. This counterparty or its affiliate is likely to modify such hedge position by entering into or unwinding various derivative transactions with respect to Linear common stock and/or by purchasing or selling Linear common stock in secondary market transactions prior to final settlement of the accelerated stock repurchase transaction. In addition, during the term of the accelerated stock repurchase transaction, which is expected to last approximately nine months, this counterparty or its affiliate will purchase shares of Linear common stock in connection with the accelerated stock repurchase transaction.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
The securities will not be registered under the Securities Act of 1933 or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act of 1933 and applicable state laws.
This press release contains certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, whether or not Linear will offer the notes or consummate the offering, the anticipated terms of the notes and the offering and the anticipated use of the proceeds of the offering.
Linear and the Linear logo are registered trademarks of Linear Technology Corporation. All other trademarks or registered trademarks are the property of their respective owners.
For further information contact Paul Coghlan at Linear Technology Corporation, 1630 McCarthy Blvd., Milpitas, California 95035-7417, (408) 432-1900.
Linear Technology Corporation
CONTACT: Paul Coghlan, Vice President, Finance, of Linear Technology Corporation, +1-408-432-1900
Web site: http://www.linear.com/
Linear Technology Reports Lower Revenue and Net Income From the Third Quarter of the Previous Fiscal Year and Announces Plans for a $3.0 Billion Accelerated Stock Repurchase Transaction
MILPITAS, Calif., April 17 /PRNewswire-FirstCall/ -- Linear Technology Corporation , a leading, independent manufacturer of high performance linear integrated circuits, today announced that revenue for its quarterly period ended April 1, 2007, was $255.0 million, a decrease of 9% or $23.9 million from revenue of $278.9 million for the third quarter of the previous fiscal year. Net income computed in accordance with U.S. Generally Accepted Accounting Principles (GAAP) for the third quarter of fiscal year 2007 of $98.6 million or $0.32 diluted earnings per share decreased 11% or $12.0 million from net income of $110.6 million or $0.35 diluted earnings per share for the third quarter of the previous fiscal year.
Sequentially, revenue for the third quarter of fiscal year 2007 of $255.0 million decreased 5% or $12.9 million from revenue of $267.9 million from the sequential December quarter. Net income computed in accordance with GAAP for the third quarter of fiscal year 2007 was $98.6 million, or $0.32 diluted earnings per share, a decrease of 6% from GAAP net income of $105.0 million or $0.34 diluted earnings per share reported in the second quarter of the current fiscal year. During the most recent quarter the Company's cash and short-term investments balance increased $24.9 million over the second quarter of the current fiscal year net of spending $25.2 million to purchase 0.8 million shares of its common stock. A cash dividend of $0.18 per share will be paid on May 16, 2007 to stockholders of record on April 27, 2007.
Non-GAAP net income for the third quarter of fiscal year 2007 was $111.8 million or $0.37 diluted earnings per share a decrease of $6.0 million from non-GAAP net income of $117.8 million or $0.39 diluted earnings per share reported from the sequential December quarter. On a quarter-over-quarter basis, fiscal year 2007 third quarter non-GAAP net income of $111.8 million decreased 7% or $8.0 million from non-GAAP net income of $119.7 million for the third quarter of the previous fiscal year. The Company's non-GAAP measures set forth above exclude charges related to stock-based compensation. The Company's management uses non-GAAP net income and non-GAAP net income per diluted share to evaluate the Company's current operating results and financial results and to compare them against historical financial results. Reconciliations of reported net income and reported net income per diluted share to non-GAAP net income and non-GAAP net income per diluted share, respectively, are included at the end of this press release.
According to Lothar Maier, CEO, "This was a difficult quarter for us in that quarterly revenue and net income were down both sequentially from the December quarter and from the similar quarter last year. However, Linear continues to be very profitable with a return on sales of 39%. In addition, the Company continues to have positive cash flow from operations. Moreover, orders placed on the Company increased during the quarter and we had a positive book to bill ratio. The upcoming June quarter is a challenge to accurately forecast. Although inventory in the marketplace appears to be more balanced than in previous quarters, visibility continues to be low and customers remain guarded in their forecasting and inventory management. In summary, we currently expect revenue to increase 3% to 6% with operating margins up similarly."
Linear Announces Plans for a $3 Billion Accelerated Stock Repurchase Transaction
The Company also announced its plans to enter into an accelerated stock repurchase transaction, subject to market and other conditions, pursuant to which it will repurchase approximately $3 billion of its shares of common stock. The Company intends to finance such repurchase with existing cash and the proceeds of a $1.7 billion convertible note offering. The accelerated stock repurchase transaction would be conditioned on the closing of the convertible note offering.
Robert H. Swanson, founder and Executive Chairman, said "Over the last twenty-five years we have built a strong profitable analog franchise. During this period we have grown entirely organically without any Company acquisitions and have accumulated roughly $2.0 billion in cash. We believe that our best investment continues to be ourselves, Linear Technology Corporation. Accordingly, we plan to purchase $3.0 billion of Linear stock in this transaction."
"This substantial share repurchase underscores our belief in Linear's future" said Lothar Maier, Linear's CEO. "Repurchasing stock at this time represents an opportunity to use our strong cash position, together with some leveraging of our strong cash flow, to enhance long-term shareholder value."
Except for historical information contained herein, the matters set forth in this press release are forward-looking statements. In particular, the statements regarding the demand for our products, our customers' ordering patterns and the anticipated trends in our sales and profits are forward- looking statements. The forward-looking statements are dependent on certain risks and uncertainties, including such factors, among others, as the timing, volume and pricing of new orders received and shipped, the timely introduction of new processes and products, general conditions in the world economy and financial markets and other factors described in our 10-K for the fiscal year ended July 2, 2006.
Company officials will be discussing these results in greater detail in a conference call tomorrow, Wednesday, April 18, 2007 at 7:30 a.m. Pacific Coast Time. Those investors wishing to listen in may call (719) 955-1566 before 8:15 a.m. to be included in the audience. There will be a live webcast of this conference call that can be accessed through http://www.linear.com/ or http://www.streetevents.com/. A replay of the conference call will be available from April 18 through April 24, 2007. You may access this post view by calling (719) 457-0820 and entering reservation #6574365. An archive of the webcast will also be available at http://www.linear.com/ and http://www.streetevents.com/ as of April 18, 2007 until the third quarter earnings release next year.
Linear Technology Corporation was founded in 1981 as a manufacturer of high performance linear integrated circuits. Linear Technology products include high performance amplifiers, comparators, voltage references, monolithic filters, linear regulators, DC-DC converters, battery chargers, data converters, communications interface circuits, RF signal conditioning circuits, and many other analog functions. Applications for Linear Technology's high performance circuits include telecommunications, cellular telephones, networking products such as optical switches, notebook and desktop computers, computer peripherals, video/multimedia, industrial instrumentation, security monitoring devices, high-end consumer products such as digital cameras and MP3 players, complex medical devices, automotive electronics, factory automation, process control, and military and space systems.
For further information contact Paul Coghlan at Linear Technology Corporation, 1630 McCarthy Blvd., Milpitas, California 95035-7417, (408) 432-1900.
LINEAR TECHNOLOGY CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
GAAP (unaudited)
Three Months Ended Nine Months Ended
April 1, April 2, April 1, April 2,
2007 2006 2007 2006
Revenues $254,992 $278,888 $814,962 $800,047
Cost of sales (1) 56,535 60,021 180,175 174,785
Gross profit 198,457 218,867 634,787 625,262
Expenses:
Research & development (1) 45,364 40,982 136,844 116,801
Selling, general
& administrative (1) 32,807 32,252 100,829 95,733
78,171 73,234 237,673 212,534
Operating income 120,286 145,633 397,114 412,728
Interest income, net 16,589 13,439 48,493 37,633
Income before income taxes 136,875 159,072 445,607 450,361
Provision for income taxes 38,325 48,517 129,656 137,361
Net income $98,550 $110,555 $315,951 $313,000
Earnings per share:
Basic $ 0.33 $ 0.36 $ 1.05 $ 1.02
Diluted $ 0.32 $ 0.35 $ 1.03 $ 1.00
Shares used in the calculation of
earnings per share:
Basic 299,455 306,136 300,212 305,873
Diluted 304,640 314,046 305,677 314,326
(1) Includes stock-based compensation charges as follows:
Cost of sales $2,933 $2,323 $8,535 $5,836
Research and development 9,563 5,878 27,746 17,331
Sales, general
and administrative 5,839 5,017 16,901 17,120
LINEAR TECHNOLOGY CORPORATION
CONSOLIDATED CONDENSED BALANCE SHEETS
(Dollars in thousands)
April 1, July 2,
2007 2006
(unaudited) (audited)
ASSETS
Current assets:
Cash, cash equivalents and
short-term investments $1,808,408 $1,819,587
Accounts receivable, net of
allowance for doubtful
accounts of $1,779 ($1,808
at July 2, 2006) 142,245 154,297
Inventories 50,743 39,031
Deferred tax assets and
other current assets 67,943 64,221
Total current assets 2,069,339 2,077,136
Property, plant & equipment, net 264,297 247,969
Other noncurrent assets 65,765 65,790
Total assets $2,399,401 $2,390,895
LIABILITIES & STOCKHOLDERS'
EQUITY:
Current liabilities:
Accounts payable $12,082 $14,574
Accrued income taxes, payroll &
other accrued liabilities 121,474 174,239
Deferred income on shipments
to distributors 42,302 48,013
Total current liabilities 175,858 236,826
Deferred tax and other long-term
liabilities 46,571 49,571
Stockholders' equity:
Common stock 1,147,878 1,063,446
Retained earnings 1,029,770 1,046,137
Accumulated other comprehensive income (676) (5,085)
Total stockholders' equity 2,176,972 2,104,498
$2,399,401 $2,390,895
LINEAR TECHNOLOGY CORPORATION
RECONCILIATION OF GAAP NET INCOME TO NON-GAAP NET INCOME
(In thousands, except per share amounts)
Three Months Ended Nine Months Ended
April 1, April 2, April 1, April 2
2007 2006 2007 2006
Reported net income
(GAAP basis) $98,550 $110,555 $315,951 $313,000
Stock-based compensation (1) 18,335 13,218 53,182 40,287
Income tax effect of
non-GAAP adjustments (5,134) (4,031) (15,474) (12,287)
Non-GAAP net income $111,751 $119,742 $353,659 $341,000
Non-GAAP earnings per share
excluding the effects of stock
based compensation:
Basic $ 0.37 $ 0.39 $ 1.18 $ 1.11
Diluted $ 0.37 $ 0.38 $ 1.17 $ 1.09
Shares used in the calculation of
Non-GAAP earnings per share:
Basic 299,455 306,136 300,212 305,873
Diluted 302,924(2) 312,088(2) 303,065(3) 312,383(3)
(1) Linear began expensing stock options in the first quarter of fiscal
year 2006.
(2) Excludes 1,716 and 1,958 shares for the three months ended
April 1, 2007 and April 2, 2006, respectively, to conform diluted
outstanding shares calculated under FAS123R to diluted shares
calculated under prior accounting standards.
(3) Excludes 2,612 and 1,943 shares for the nine months ended
April 1, 2007 and April 2, 2006, respectively, to conform diluted
outstanding shares calculated under FAS123R to diluted shares
calculated under prior accounting standards.
The Company's non-GAAP measures set forth above exclude charges related to stock-based compensation. The Company's management uses non-GAAP net income and non-GAAP net income per diluted share to evaluate the Company's current operating results and financial results and to compare them against historical financial results. The Company excludes stock-based compensation expenses and the related tax effects primarily because they are significant non-cash expense estimates which management separates for consideration when evaluating and managing business operations.
In addition, the Company believes that providing investors with these non- GAAP measurements enhances their ability to compare the Company's business against that of its many competitors who employ and disclose similar non-GAAP measures. This financial measure may be different from non-GAAP methods of accounting and reporting used by the Company's competitors to the extent their non-GAAP measures include other items. The presentation of this additional information should not be considered a substitute for net income or net income per diluted share prepared in accordance with GAAP.
Linear Technology Corporation
CONTACT: Paul Coghlan, Vice President, Finance of Linear Technology Corporation, +1-408-432-1900
Web site: http://www.linear.com/
Ricoh Debuts New EFI Digital StorefrontWeb-to-Print Platform Provides Customers with 24/7 Access to Printing Services
BOSTON, April 17 /PRNewswire/ -- Ricoh Americas Corporation, the leader in document and printing solutions, and EFI , the world leader in color digital print servers, superwide format printers and inks, and print management solutions, today introduced Version 3.0 of EFI Digital StoreFront(TM) (DSF), the intuitive and powerful Web-to-Print solution. Compatible with Ricoh's high-volume color and black and white multifunction products (MFPs), DSF provides customers with around-the-clock access to print shop services, with a unique visual and customizable shopping experience. DSF increases the profitability and efficiency of print shop services by enabling printers to meet customers' diverse print needs and create a streamlined production workflow.
Version 3.0 of DSF is on display at On Demand, through April 19th at the Boston Convention & Exhibition Center, in Ricoh's booth #619. Developed with input from hundreds of EFI customers, this latest version of DSF encompasses a completely redesigned and highly customizable user interface, easier and faster web-based administration, new variable data print (VDP) choices, and hundreds of new features across the entire system.
In today's fast-paced business environment, it is increasingly important for print shops to create full-service solutions for clients that operate on a 24/7 schedule. As such, DSF offers several capabilities to make ordering, monitoring and paying for print services easier. With DSF, customers need only to submit information that pertains to their specific print job. These instructions are delivered between sender and recipient via a structured, electronic workflow that moves information easily from customers' desktops to production and business units. DSF also delivers real-time visibility into the printer's manufacturing process that enables clients to see the status of their print job at any interval. Furthermore, to make purchasing even easier, DSF allows customers and service providers to customize payment options. No matter if the client is paying with a credit card, cost center or cash, DSF collects billing information before the print job enters production workflow, therefore minimizing lost revenue and time.
In addition to its intuitive self-service web storefront, DSF also supports value-add print products to help print shops cater to the individual needs of each client. Customized print products or variable data print (VDP) template-driven documents can be hosted on DSF, allowing customers to add personal touches to standard formats for unique print products. DSF integrates two powerful and popular VDP offerings -- XMPie and FusionPro -- enabling the MFP to produce both single record products such as business cards and personalized 1:1 products such as direct mail campaign materials.
DSF offers several solutions to simplify the print process from idea to end product. An intuitive on-ramp provides easy access to DSF from clients' desktops, and DSF seamlessly integrates with other EFI products. Additionally, EFI PrintMessenger(TM) enables users to quickly and fluidly transfer content from their desktop to the Ricoh MFP, bypassing bulky attachments, outdated software applications or slow networks -- all scenarios where efficiency is reduced and cost is incurred. Instead, users can "print" to DSF, which automatically converts documents to a PDF workflow. Print shops receive clients' projects in a clean, organized copy with fonts, images and graphics intact. PrintMessenger comes standard on all DSF platforms.
DSF offers direct integration with the new MicroPress 7.5, a unique raster-based workflow solution that is also on display in Ricoh's booth. MicroPress 7.5 is compatible with ColorWise(r) Pro Tools, EFI's popular color print production management suite, and Spot-On, a feature that provides the ability to measure and manage spot colors. Production speed for both black & white and color is optimized via several MicroPress functions, and particularly because MicroPress minimizes the need for re-RIPing in complex production, including Make-ready. With MicroPress, print service providers have an unprecedented workflow two-punch power -- top speed and accurate, high-quality color.
To learn more about Ricoh's full line of products, please visit http://www.ricoh-usa.com/.
About Ricoh Americas Corporation
Ricoh Americas Corporation, headquartered in West Caldwell, N.J., is a subsidiary of Ricoh Company Ltd., the 71-year-old leading supplier of office automation equipment and electronics, with fiscal year 2005 sales in excess of $17 billion, a 5.6 percent increase over the previous year.
Ricoh Americas Corporation is a leading provider of document solutions. Ricoh's fully integrated hardware and software products help businesses share information efficiently and effectively by enabling customers to control the input, management and output of documents. Ricoh's line of document management devices include, color and black & white digital imaging systems, facsimile products, printers, scanners, digital duplicators and wide format engineering systems. Additionally, Ricoh offers a wide variety of document and printing solutions directly and through strategic alliances enhancing office productivity and document workflow. Ricoh's document management software enhances workgroup collaboration and offers secure storage, retrieval and sharing of critical information.
Ricoh Americas Corporation directly or through its subsidiaries markets and distributes products in North, Central and South America. For fiscal year 2005, Ricoh Corporation sales exceeded $3 billion, an increase of 8.1 percent over the previous year.
Information about Ricoh's complete range of products and services can be accessed on the World Wide Web at http://www.ricoh-usa.com/.
About EFI
EFI (http://www.efi.com/) is the world leader in color digital print servers, superwide format printers and inks, and commercial and enterprise print management solutions. EFI's award-winning solutions, integrated from creation to print, deliver increased performance, cost savings and productivity. The company's robust product portfolio includes Fiery(R) digital color print servers; VUTEk superwide digital inkjet printers, UV and solvent inks; industrial inkjet printing systems; print production workflow and management information software; and corporate printing solutions. EFI maintains 23 offices worldwide.
All referenced product names are the trademarks of their respective companies.
Ricoh Web Site: http://www.ricoh-usa.com/
CONTACT: Russell Marchetta Jennifer Kuhl
Ricoh Americas Corporation Peppercom
(973) 882-2075 (212) 931-6111
russell.marchetta@ricoh-usa.com jkuhl@peppercom.com
Ricoh Americas Corporation
CONTACT: Russell Marchetta, of Ricoh Americas Corporation, +1-973-882- 2075, russell.marchetta@ricoh-usa.com; Jennifer Kuhl, of Peppercom for Ricoh Americas Corporation, +1-212-931-6111, jkuhl@peppercom.com
Web site: http://www.ricoh-usa.com/
Expedia, Inc. to Audiocast Earnings Conference Call
BELLEVUE, Wash., April 17 /PRNewswire-FirstCall/ -- Expedia, Inc. will host a conference call to discuss financial results for its first quarter ended March 31, 2007 on Tuesday, May 8, 2007, at 8:00 a.m. Pacific Time (PT) / 11:00 a.m. Eastern Time (ET). Expedia, Inc. will issue a press release reporting its results before the market opens on May 8.
The press release, live audiocast and audiocast replay will be available to the public at http://www.expediainc.com/ir. Replays of the conference call are expected to be available for at least three months after the call date.
About Expedia, Inc.
Expedia, Inc. is the world's leading online travel company, empowering business and leisure travelers with the tools and information they need to easily research, plan, book, and experience travel. Expedia, Inc. also provides wholesale travel to offline retail travel agents. Expedia, Inc.'s portfolio of brands includes: Expedia.com(R), hotels.com(R), Hotwire(R), Expedia(R) Corporate Travel, TripAdvisor(R) and Classic Vacations(R). Expedia, Inc.'s companies also operate internationally with sites in Canada, the United Kingdom, Germany, France, Italy, the Netherlands, Norway, Sweden, Denmark, Australia, Japan and China, through its investment in eLong(TM). For more information, visit http://www.expediainc.com/.
NOTE: Expedia and Expedia.com are either registered trademarks or trademarks of Expedia, Inc. in the U.S. and/or other countries. Other logos or product and company names mentioned herein may be the property of their respective owners.
Expedia, Inc.
CONTACT: Investor Relations, +1-425-679-3555, or Communications, +1-425-679-4317, both of Expedia, Inc.
Web site: http://www.expedia.com/
Compress Technologies Receives $500K Fee
SARASOTA, Fla., April 17 /PRNewswire-FirstCall/ -- Compress Technologies, Inc. , is a technology-based company with patented and protected applications that improve bandwidth and Network Topographies. John Medico, CTLG's CEO, is pleased to announce that CTLG has received $500,000.00 from its North American licensee. Ludwig Enterprises, Inc. is currently developing markets in the United States, Mexico, Canada and Haiti utilizing CTLG's revolutionary new FM-SCA technology. The company expects substantial additional licensee fees to be received during this current quarter.
CTLG anticipates use of these and addition funds 1) to expand the company's engineering and research facility including employment of additional technical staff, and 2) to seek potential strategic acquisitions and alliances.
ABOUT COMPRESS TECHNOLOGIES, INC. - Compress Technologies, Inc., (CTLG), is a Nevada based technology company with regional offices in the Tampa, Florida area and Engineering laboratories in Miami, Florida. CTLG has garnered a group of Patented and protected core technology solutions utilizing both hardware and software applications designed to improve the efficiencies of bandwidth and Network Topographies for the Cable TV, FM-SCA Radio, Satellite and Wireless Industries. Many of CTLG's technologies in short claim that they "without loss of integrity shrink the size of bandwidth for digital packets to about 2% to 5% of their original size."
You may have heard of HD or "High Definition" radio being advertised as the new wave of radio. CTLG's technology goes beyond High Definition to HDE (High Definition Expanded) radio. CTLG's High Definition Expanded radio offers more than just one or two new programs next to an existing FM radio station. Currently CTLG engineers have developed HDE to 15 channels and expect to soon move the capacity to (50) fifty MPEG 3 fully digital channels next to an existing FM radio station.
CTLG is in various stages of negotiations with several potential major companies interested in CTLG's application technology for International and Domestic deployment.
ADDITIONAL INFORMATION about Compress Technologies, Inc., as well as Corporate structure and stock capitalization, can be viewed on the Company's Web site: http://www.coteinc.com/ .
SAFE HARBOR
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by Compress Technologies, Inc. are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward- looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Compress Technologies, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition.
Compress Technologies, Inc.
CONTACT: Investor Relations, investor_relations@coteinc.com, or John Medico, CEO, Compress Technologies, Inc., +1-941-373-1335, ceo@coteinc.com
Web site: http://www.coteinc.com/
Netflix Announces Revised Date for First Quarter Earnings
LOS GATOS, Calif., April 17 /PRNewswire-FirstCall/ -- Netflix, Inc. today announced a revised date for its first quarter earnings. The Company will report its first quarter 2007 financial results on Wednesday, April 18, 2007. The company will host a conference call to discuss its first quarter financial results on Wednesday, April 18, 2007 at 5:30 a.m. Pacific Time / 8:30 a.m. Eastern Time. The conference call will follow the release of the Company's quarterly financial results at approximately 5:00 a.m. Pacific Time.
The live webcast of the conference call will be available at http://ir.netflix.com/. For those without access to the Internet, the conference call may be accessed by dialing (719) 457-2620. The access code is 7466889. Following completion of the call, a recorded replay of the webcast will be available at http://ir.netflix.com/. The telephone replay of the call will be available from approximately 8:30 a.m. Pacific Time on April 18, 2007 through April 24, 2007 at 9:00 p.m. Pacific Time. To listen to the telephone replay, call (719) 457-0820, access code 7466889.
About Netflix
Netflix is the world's largest online movie rental service, providing more than six million subscribers access to over 75,000 DVD titles. The company offers a variety of subscription plans, starting at $4.99 a month. There are no due dates, no late fees and no shipping fees. DVDs are delivered for free by the USPS from regional shipping centers located throughout the United States. Netflix can reach more than 90 percent of its subscribers with generally one business-day delivery. Netflix offers personalized movie recommendations to its members and has more than one billion movie ratings. Netflix also allows members to share and recommend movies to one another through its Friends(SM) feature. For more information, visit http://www.netflix.com/.
Netflix, Inc.
CONTACT: investors, Erin Kasenchak, Senior Manager, Investor Relations, +1-408-540-3691, or media, Ken Ross, VP, Corporate Communications, +1-408-540-3931, both of Netflix, Inc.
Web site: http://www.netflix.com/
Renaissance Learning, Inc. Announces First Quarter, 2007 Results
WISCONSIN RAPIDS, Wis., April 17 /PRNewswire-FirstCall/ -- Renaissance Learning(R), Inc., , a leading provider of technology for personalizing reading, math, and writing instruction and practice in pre-K-12 schools and districts, today announced financial results for the quarter ended March 31, 2007. Revenues for the first quarter of 2007 were $26.7 million, a decrease of 14.2% from first quarter 2006 revenues of $31.1 million. Deferred revenue increased by $0.5 million in the first quarter of 2007 versus a $2.6 million decline in the prior year's first quarter. Net income, which included pre-tax restructuring costs of approximately $0.5 million, or $.01 per share, was $1.3 million, or $.05 per share, compared to net income of $3.5 million, or $.12 per share, for the first quarter last year. 2006 first quarter results included pre-tax costs for executive separation expenses of $1.9 million or $.04 cents per share.
(Logo: http://www.newscom.com/cgi-bin/prnh/20001108/RENAISSANCELOGO )
"First quarter results, excluding pre-tax restructuring costs, were similar to the trailing fourth quarter," commented Terrance D. Paul, Chief Executive Officer of Renaissance Learning. "Although the first quarter is seasonally not our strongest period, we continue to see trends that support our expectation of improved financial results in the future. Reading orders were strong, the number of new math and reading customers increased year over year for the first time in several years, and laptop sales were down just 6% compared to declines of 18% and 38% in the fourth and third quarters, respectively. In addition, we have done some restructuring involving our laptop line which will reduce annual operating costs by approximately $1 million."
Renaissance Learning added about 500 new customer schools in the U.S. and Canada during the quarter, bringing total North American schools that are actively using the Company's products to over 71,000. Of these, over 60,000 are using the Company's reading products, over 27,000 are using the Company's math products and over 16,000 are using at least one Renaissance Place product.
The Company will hold a conference call at 4:00 p.m. CDST today to discuss its financial results, quarterly highlights and business outlook. The teleconference may be accessed in listen-only mode by dialing 888-373-2605, ID number 8623016 at 4:00 p.m. CDST. Please call a few minutes before the scheduled start time to ensure a proper connection.
A digital recording of the conference call will be made available on April 17, 2007 at 8:00 p.m. through April 24, 2007 at 11:59 p.m. The replay dial-in is 877-519-4471. The conference ID number to access the replay is 8623016.
Renaissance Learning, Inc.
Renaissance Learning, Inc. is a leading provider of technology for personalizing reading, math, and writing instruction and practice in pre-K-12 schools and districts. Renaissance Learning products give students and teachers continuous feedback to inform instruction and help teachers and administrators motivate students, dramatically accelerate learning and improve test scores. Renaissance Learning has seven U.S. locations and subsidiaries in Canada, India and the United Kingdom.
This press release contains forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements regarding 2007 financial results, growth initiatives and management's revenue expectations and growth prospects for future periods. Any such forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Factors that could cause or contribute to such differences include risks associated with the implementation of the Company's strategic growth plan and other risks affecting the Company's business as described in the Company's filings with the Securities and Exchange Commission, including the Company's 2006 Annual Report on Form 10-K and later filed quarterly reports on Form 10-Q and Current Reports on Form 8-K, which factors are incorporated herein by reference. The Company expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences.
RENAISSANCE LEARNING(R), INC.
CONSOLIDATED STATEMENTS OF INCOME
(dollar amounts in thousands, except per share amounts)
(unaudited)
Three Months
Ended March 31,
2007 2006
Net sales:
Products $21,701 $25,323
Services 4,987 5,794
Total net sales 26,688 31,117
Cost of sales:
Products 3,703 4,328
Services 2,867 2,806
Total cost of sales 6,570 7,134
Gross profit 20,118 23,983
Operating expenses:
Product development 5,065 4,182
Selling and marketing 9,406 9,356
General and administrative 3,842 5,205
Total operating expenses 18,313 18,743
Operating income 1,805 5,240
Other income (expense), net 302 282
Income before income taxes 2,107 5,522
Income taxes 790 2,043
Net Income $1,317 $3,479
Income per share:
Basic $0.05 $0.12
Diluted $0.05 $0.12
Weighted average shares outstanding:
Basic 28,858,799 30,144,940
Diluted 28,881,276 30,165,995
RENAISSANCE LEARNING(R), INC.
CONSOLIDATED BALANCE SHEETS
(dollar amounts in thousands)
(unaudited)
March 31, December 31,
2007 2006
ASSETS:
Current assets:
Cash and cash equivalents $22,123 $25,978
Investment securities 2,005 2,500
Accounts receivable, net 11,387 10,528
Inventories 5,395 4,108
Prepaid expenses 1,880 1,895
Income taxes receivable 3,316 4,104
Deferred tax asset 3,596 3,596
Other current assets 140 97
Total current assets 49,842 52,806
Investment securities 6,592 1,625
Property, plant and equipment, net 11,541 11,811
Goodwill 46,977 46,973
Other noncurrent assets 6,750 7,308
Total assets $121,702 $120,523
LIABILITIES AND SHAREHOLDERS' EQUITY:
Current liabilities:
Accounts payable $3,905 $2,782
Deferred revenue 23,731 23,751
Payroll and employee benefits 4,092 4,750
Other current liabilities 3,663 3,429
Total current liabilities 35,391 34,712
Deferred revenue 1,357 885
Deferred compensation and other
employee benefits 1,693 1,665
Deferred tax liability 875 878
Income taxes payable 3,083 2,812
Total liabilities 42,399 40,952
Total shareholders' equity 79,303 79,571
Total liabilities and
shareholders' equity $121,702 $120,523
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Renaissance Learning, Inc.
CONTACT: Susan Sutherland of Renaissance Learning, Inc., 1-877-988-8048, Fax, +1-715-424-3414, pr@renlearn.com
Web site: http://www.renlearn.com/
Frost & Sullivan Lauds Dassault Systemes for Its Pioneering Technological Innovations in Digital Manufacturing
PALO ALTO, Calif., April 17 /PRNewswire/ -- Frost & Sullivan selected Dassault Systemes and DELMIA as the recipient of the 2007 Company of the Year Award within the North American product lifecycle management (PLM) solutions space.
Recognized as the leader in the global PLM solutions market, the company is known for its pioneering technological innovations in digital manufacturing that help customers innovate throughout the product lifecycle.
"Innovations at Dassault Systemes have been inspired by consistent focus to provide value-added solutions and services to the end-users and have taken on new meaning with the introduction of DELMIA Automation solutions," notes Frost & Sullivan Industry Manager Kishan M. Bhat. "DELMIA is the premier brand of Dassault Systemes for digital manufacturing solutions, focused on two unique software applications that streamline manufacturing processes, DELMIA PLM and DELMIA Automation."
The solutions assist industries where the optimization of manufacturing processes is critical, including automotive, aerospace, fabrication and assembly, electrical and electronics, consumer goods, plant, and shipbuilding sectors.
"DELMIA Automation has strengthened the core of the Dassault Systemes PLM offering," states Bhat. "With this innovative automation solution, the company has taken digital manufacturing to new heights by integrating the mechanical definition of the factory with the control logic built in the programmable logic controllers (PLC)."
Process and manufacturing industries are leveraging these solutions to increase their throughput and obtain advanced visibility into the process and manufacturing lifecycle on a virtual commissioning platform.
The DELMIA Automation virtual commissioning solution enables greater efficiency in validation and the control engineer can leverage the virtual model of the machine or cell to explore as many 'what if?' scenarios that are otherwise extremely difficult to validate.
"A critical success factor for the market adoption of virtual commissioning is the speed and ease-of-use in building the virtual environment," remarks Bhat. "DELMIA Automation's re-useable smart devices allow any company to build a library of smart devices that describe the behavior of a device, without the need to re-write that behavior. As a result, less time is spent in building the virtual environment while using pre-validated components at the same time."
The entire DELMIA suite of applications comprises leading digital manufacturing solutions that integrate with the PLM solutions from Dassault Systemes, like CATIA, ENOVIA, and SIMULIA.
Leading manufacturers in the automotive, aerospace, shipbuilding, consumer-packaged goods (CPG) and hi-tech industries have deployed the PLM offering from Dassault Systemes and have continuously raised the bar on operational excellence.
The company also provides efficient integration with enterprise resource planning (ERP) solutions to complete the business lifecycle management.
Each year Frost & Sullivan presents this Award to the company that has demonstrated excellence within its industry based on numerous factors including business development, competitive strategy and market leadership. The Award recognizes outstanding management, consistent growth, and positive social and economic impact on local and national communities and customers.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
About Dassault Systemes
As a world leader in 3D and Product Lifecycle Management (PLM) solutions, Dassault Systemes brings value to more than 90,000 customers in 80 countries. A pioneer in the 3D software market since 1981, Dassault Systemes develops and markets PLM application software and services that support industrial processes and provide a 3D vision of the entire lifecycle of products from conception to maintenance. The Dassault Systemes portfolio consists of CATIA for designing the virtual product -- SolidWorks for 3D mechanical design -- DELMIA for virtual production -- SIMULIA for virtual testing and ENOVIA for global collaborative lifecycle management, including ENOVIA VPLM, ENOVIA MatrixOne and ENOVIA SmarTeam. Dassault Systemes is listed on the Nasdaq (DASTY) and Euronext Paris (#13065, DSY.PA) stock exchanges. For more information, visit http://www.3ds.com/
CATIA, DELMIA, ENOVIA, SIMULIA and SolidWorks are registered trademarks of Dassault Systemes or its subsidiaries in the US and/or other countries. All other companies and products mentioned herein may be the trademarks of their respective owners.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.awards.frost.com/.
Contact:
Stacie Jones
210.247.2450
Stacie.jones@frost.com
Frost & Sullivan
CONTACT: Stacie Jones of Frost & Sullivan, +1-210-247-2450, Stacie.jones@frost.com
Web site: http://www.frost.com/ http://www.3ds.com/
Enpath Medical Appoints Industry Veteran as New General ManagerAnthony Headley Named Vice President & General Manager for Leads & Catheter Products
MINNEAPOLIS, April 17 /PRNewswire-FirstCall/ -- Enpath Medical, Inc. , a leading developer and manufacturer of introducers and other proprietary therapeutic device delivery products, announced today that F. Anthony Headley, Jr. (age 40) has been named Vice President & General Manager for Enpath's stimulation leads and advanced steerable catheter product lines. Mr. Headley started his new position on Monday, April 16, 2007 and reports directly to John C. Hertig, Enpath's Chief Executive Officer. Most recently, Mr. Headley served as Director of Research and Development at Boston Scientific Corporation and oversaw the Endoscopy Division's Advanced Stenting product lines including the development of the WallFlex(TM) stent platform for a variety of gastrointestinal applications
"We have achieved good success increasing our articulating catheter yields and implementing lean manufacturing initiatives within our stimulation lead operations during the past year and are very excited about the leadership Anthony will provide for the Leads and Catheter group at Enpath," said John C. Hertig, Chief Executive Officer. "Our leads and catheters product line revenues accounted for approximately $11.5 million of our $36.8 million in 2006 revenues and we believe Anthony's background in medical device research and development and operations is an excellent fit for our business. He will enhance our experienced and talented senior management team and we look forward to his contributions."
Mr. Headley, a professional engineer, brings 15 years of expertise in research and development and operations from his tenure with several companies. Prior to Mr. Headley's experience at Boston Scientific Corporation, he held positions at Parvacure Medical, Auxis Inc., and Boston Scientific - Symbiosis where he served as Engineering & Operations Manager for the Radial Jaw(TM) biopsy forceps products. Mr. Headley earned his Bachelor of Science in Mechanical Engineering and his Masters of Science in Mechanical Engineering from Georgia Institute of Technology.
About Enpath Medical
Enpath Medical, Inc., headquartered in Plymouth, Minnesota, is a leader in the design, development, manufacture and marketing of percutaneous delivery systems and stimulation leads technologies. Its proprietary products include venous vessel introducers, articulating and fixed curve delivery catheters, epicardial and endocardial stimulation leads, and other products for use in pacemaker, defibrillator, catheter and infusion port procedures as well as neuromodulation markets. Its products, which are primarily finished goods, are sold worldwide through partnering relationships with other medical device companies.
Safe Harbor
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by some statements made herein. All forward-looking statements involve risks and uncertainties. A number of factors that could cause results to differ materially are discussed in our Annual Report on Form 10-K for the year ended December 31, 2006, as well as in our quarterly reports on Form 10-Q and Current Reports on Form 8-K. Among the factors that could cause results to differ materially are the following: Enpath's dependence upon a limited number of key customers for its revenue; Enpath's ability to successfully protect its intellectual property against misappropriation or claims of infringement by third parties including its ability to successfully resolve, or defend itself in, pending litigation; the ability of Enpath's customers to successfully develop and market therapies that utilize the Company's advanced delivery systems; Enpath's ability to effectively manufacture its products, specifically steerable catheters, in anticipated required quantities; Enpath's ability to develop or acquire new products to increase its revenues; Enpath's ability to attract and retain key personnel; introduction of competitive products; government regulatory matters; economic conditions; and Enpath's ability to raise capital. All forward-looking statements of Enpath, whether written or oral, and whether made by or on behalf of Enpath, are expressly qualified by these cautionary statements. In addition, Enpath disclaims any obligation to update forward-looking statements to reflect events or circumstances after the date hereof.
Enpath Medical, Inc.
CONTACT: Scott Youngstrom, CFO of Enpath Medical, +1-763-951-8211, syoungstrom@enpathmed.com
Web site: http://www.enpathmed.com/
AMICAS Acquires IMAGINEradiology Practice Management SoftwareNew Windows-Based Radiology Billing Software Added to World-Class Suite of End-to-End Radiology Automation Products and Services
BOSTON, and CHARLOTTE, N.C., April 17 /PRNewswire-FirstCall/ -- AMICAS, Inc. , a leader in radiology and medical image and information management solutions, and Technology Partners, Inc., today announced that AMICAS has acquired certain ownership rights to the IMAGINEradiology practice management software platform. Under the terms of the agreement, AMICAS purchased a copy of the source code to the IMAGINEradiology software and a comprehensive array of transition services from Technology Partners. IMAGINEradiology will be re-branded and developed by AMICAS as Vision Series Financials(TM).
(Logo: http://www.newscom.com/cgi-bin/prnh/20060202/AMICASLOGO )
The IMAGINEradiology platform is a next generation radiology practice management and billing software system designed to meet the challenges of today's complex radiology billing environment. The billing system serves over 100 practices ranging from radiology groups to large billing services. IMAGINEradiology makes extensive use of modern Microsoft products, including the Microsoft Windows(R) operating system and Microsoft SQL Server(TM) database.
As the new Vision Series Financials platform, IMAGINEradiology will be combined with AMICAS' world-class, Windows-based RIS and PACS to create a unique radiology automation solution. As Vision Series Financials, IMAGINEradiology will also be integrated with other AMICAS revenue cycle management modules, including Insight Dashboards(TM), Insight Services(TM), and Vision Series Document Management(TM).
"At the heart of every radiology practice is a world-class medical billing application," said Stephen Kahane, M.D., chairman and CEO of AMICAS. "The new Vision Series Financials platform will expand on the functionality available in traditional systems with enhanced capabilities that are real game-changers for radiology practices and billing services."
Sam Khashman, president and CEO of Technology Partners, said, "It is a big compliment for us that AMICAS has chosen to add IMAGINEradiology as a platform within the Vision Series product suite. AMICAS is the leader in outpatient radiology automation, and we believe that our collaboration will bring tremendous value to the industry." Mr. Khashman continued, "AMICAS will be combining its considerable knowledge of radiology billing with world-class engineering, implementation, and support resources to create an integrated suite of radiology automation products and services that we believe is not offered by any other provider in this market."
AMICAS already provides radiology billing software and services to over 400 billing services, radiology groups, and imaging center networks. As part of the partnership established by the agreement announced today between AMICAS and Technology Partners, Technology Partners will provide a comprehensive suite of transition services to AMICAS. Services will include engineering support, new client implementation assistance, and customer support assistance.
Peter McClennen, president and COO of AMICAS, said, "We see IMAGINEradiology as a complementary solution to Sentinel(TM), our flagship billing product. We will continue to develop, market, and sell both solutions as they suit different needs and segments of the broad radiology billing market. Additionally, we will continue to support our other platforms, as they continue to be successful applications for our clients."
AMICAS intends to build the cross functional team necessary to expand and support the new product. Investments will be made in engineering, sales, implementation, and support teams for the new Vision Series Financials platform. AMICAS will utilize its customer center in Florida and expand existing distribution channels.
AMICAS will launch the new Vision Series Financials platform at the upcoming AMICAS National Client Conference and at the Radiology Business Management Association Radiology Summit from May 6 to 9 in St. Louis, MO.
AMICAS, Vision Series Financials, Insight Dashboards, Vision Series Document Management, and Sentinel are trademarks or registered trademarks of AMICAS, Inc. All other company and trademark names are the property of their respective owners.
About AMICAS, Inc.
AMICAS, Inc. (http://www.amicas.com/) is a leader in radiology and medical image and information management solutions. The AMICAS(R) Vision Series(TM) products provide a complete, end-to-end solution for imaging centers, ambulatory care facilities, and radiology practices. Acute care and hospital clients are provided a fully-integrated, HIS/RIS-independent PACS, featuring advanced enterprise workflow support and scalable design. Complementing the Vision Series product family is AMICAS Insight(TM) Solutions, a set of client- centered professional and consulting services that assist our customers with a well-planned transition to a digital enterprise. HIS and RIS mean hospital information system and radiology information system, respectively.
About IMAGINEradiology
IMAGINEradiology provides cutting edge billing and collection software to the radiology industry with a complete suite of tightly integrated products. Practice Manager, the billing and collection engine, provides advanced billing and collection capabilities improving profitability and reducing the lifecycle of claims. IMAGINEradiology has incorporated its own advanced document imaging technology. Auto Coder reduces manual coding time and effort, by automatically coding CPT and ICD-9 from both paper and electronic x-ray reports. The EOB Reader reduces manual payment entry by automatically posting payments from both paper EOB's, as well as electronic remittance. medICE(TM), an advanced document management tool, provides the ability to scan, electronically store, index, and retrieve important and sensitive paper medical documents, both non- billing and collection related, enabling a paperless office environment. To learn more, visit http://www.imagineradiology.com/
Safe Harbor Statement
Except for the historical information herein, the matters discussed in this release include forward-looking statements. The forward-looking statements contained in this release include, without limitation, statements about future product and service performance and implementation. When used in this press release, the words: believes, intends, plans, anticipates, expects, estimates, and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions, and uncertainties that could cause actual results to differ materially as set forth in AMICAS' most recent filings with the Securities and Exchange Commission. All forward-looking statements in this release are qualified by these cautionary statements and are made only as of the date of this release.
CONTACT:
Aine Cryts
Marketing Communications Manager
617.779.7878
acryts@amicas.com
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060202/AMICASLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
AMICAS, Inc.
CONTACT: Aine Cryts, Marketing Communications Manager of AMICAS, Inc., +1-617-779-7878, acryts@amicas.com
Web site: http://www.amicas.com/ http://www.imagineradiology.com/
EMC Implements Support for SNIA SMI-S V1.2 in Leading Storage PlatformsEMC Helps Advance Interoperability and Customer Ease of Use as One of First Vendors to Implement and Extend Latest SMI-S v1.2 Profiles in EMC Storage Arrays
HOPKINTON, Mass., April 17 /PRNewswire/ -- EMC Corporation , the world leader in information infrastructure solutions, today announced its continued commitment to interoperability and customer ease of use in support of open standards for storage management. EMC has completed early implementation of key profiles and features of the Storage Networking Industry Association's (SNIA) Storage Management Initiative Specification (SMI-S) version 1.2 for 36 current and previous models of its EMC(R) Symmetrix(R) and EMC(R) CLARiiON(R) storage arrays.
EMC is one of the first vendors to implement the new SMI-S v1.2 profiles and features including Block Storage Views, Storage Server Asymmetry and Volume Composition. EMC has also upgraded its existing SMI-S v1.1 profiles to the requirements of the v1.2 specification and added platform-specific extensions beyond what is required by SMI-S. This upgrade offers customers access to additional rich management features within EMC's arrays. Collectively, EMC storage platforms are open to be managed by any SMI-S- compliant storage management application, including EMC ControlCenter(R) software.
"As a forerunner and leading supporter of open standards, EMC is committed to helping its customers and the SNIA advance SMI-S by developing and implementing complete, feature-rich profiles into its products," said Jeff Nick, EMC's Senior Vice President and Chief Technology Officer. "EMC is moving ahead aggressively to help accelerate SMI-S momentum and to be a catalyst for widespread adoption of the specification in end-user environments."
EMC storage platforms implementing the latest SMI-S v1.1 and v1.2 profiles offer new enhancements that expose a range of rich device management features. These features include Block Storage Views, Storage Server Asymmetry, Volume Composition, Access Points, Block Server Performance, Disk Drive Lite, Extent Composition, FC Initiator Ports, FC Target Ports, iSCSI Target Ports, Location, Masking and Mapping, Multiple Computer System and Software.
The following EMC storage platforms support the latest SMI-S updates and improvements:
EMC Symmetrix systems: Symmetrix DMX(TM) Series (DMX-3, DMX-2, DMX-1), and Symmetrix 8000 Series.
EMC CLARiiON systems: CX3 Series, CX Series and AX Series.
EMC ControlCenter software: Supports SMI-S v1.1 profiles. To learn more about SMI-S support in ControlCenter, visit: http://www.snia.org/ctp/smi_conform/smi_client_emc
EMC encourages customers wishing to update their EMC products immediately with the latest SMI-S profiles to contact their EMC support representative and request EMC SMI-S Provider v3.2. Customers can also perform their own upgrades by obtaining the software through the EMC Powerlink(R) web portal: http://www.emc.com/partnersalliances/powerlink/index.jsp.
EMC will demonstrate the new SMI-S capabilities in its products as part of the Storage Management Solution Center at Storage Networking World Spring, April 16-19 in San Diego. General information on SMI-S can be found on the SNIA web site at: http://www.snia.org/smi.
About EMC
EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at http://www.emc.com/.
EMC, Symmetrix, Powerlink, EMC ControlCenter and CLARiiON are registered trademarks, and Symmetrix DMX is a trademark of EMC Corporation. All other trademarks are the property of their respective owners.
Contact: Kevin Kempskie
(508) 293-6278
kempskie_kevin@emc.com
EMC Corporation
CONTACT: Kevin Kempskie of EMC Corporation, +1-508-293-6278, or kempskie_kevin@emc.com
Web site: http://www.emc.com/ http://www.snia.org/ctp/smi_conform/smi_client_emc http://www.emc.com/partnersalliances/powerlink/index.jsp http://www.snia.org/smi
Comcast to Open New Customer Support Center in Newark, DE; Announces 800 Additional Local Hires in Next Year800-Seat, State-of-the-Art Call Center to Support Local Customers as Comcast's Eastern Division Continues Rapid Growth with Triple Play Bundle, Digital Cable
NEW CASTLE, Del., April 17 /PRNewswire/ -- Comcast Cable's Eastern Division today announced plans to open a new 800-seat, state-of-the-art customer support center in Newark, Delaware. The Division also announced it will hire an additional 800 employees in Delaware over the next 12 months, bringing its total to 2,300 across the state. In the past year, Comcast's Eastern Division has increased its employee base by more than 25%, and earlier this year announced plans to fill more than 2,800 new positions in 2007, the majority in frontline, customer-impacting roles. Once fully operational, the Newark center will handle customer service, sales and support for all of Comcast products and services. It joins Comcast's four existing local call centers in the Philadelphia Metro Region, including one in New Castle, DE; the Eastern Division also operates a customer service center in Dover, DE that serves the lower two counties of Delaware and Maryland's Eastern Shore.
Situated at 300 North Wakefield Drive, the 115,000 square-foot center will provide 24x7 support for Comcast customers in the northern Delaware and greater Philadelphia areas. The space will feature state-of-the-art technology and a host of employee-oriented amenities including an exercise center, cafeteria, auditorium, break rooms, training/meeting facilities and convenient on-site parking, and is located just off I-95, convenient to a host of shopping, restaurants and entertainment venues. The lease for the new customer support center was brokered by American Financial Realty Trust of Jenkintown, PA, and Comcast expects to have its first employees situated there late this summer, with a grand opening event slated for end of year.
"In an age where more companies are outsourcing customer service jobs overseas, I am pleased that Comcast has committed to further investment and continued growth here in Delaware," Governor Ruth Ann Minner said. "I believe this is a testament to our state's attractive business climate, and I look forward to Comcast's expansion and continued commitment to Delaware."
Comcast's Eastern Division credits its expansion to phenomenal growth in all aspects of its business, with an emphasis on the Triple Play bundle of video, high-speed Internet and residential phone service, introduced in Northern Delaware last spring. The Division expects to end 2007 with more than one million Comcast Digital Voice customers, and is seeing unprecedented growth in its Digital Cable business, with more than three million subscribers who used its ON DEMAND service almost half a billion times last year. More than one in three new customers are signing up for the Triple Play bundle, and a strong majority of the Division's customers now have Digital Cable and Comcast High Speed Internet.
"Our new customer support center will utilize the most advanced technologies and tools to help us deliver an outstanding experience to every one of our customers, every time," said Michael Doyle, president, Comcast Cable Eastern Division and founder, CN8, The Comcast Network. "We have always believed in investing in and giving back to the local communities in which we live and work, and are excited that we have the opportunity to welcome hundreds of talented, passionate Delaware residents into the Comcast family to help us better serve our customers."
"Comcast's expansion in the suburban Newark area will bring hundreds of new employment opportunities for residents and a renewed commitment to our community by a well respected corporate citizen," said New Castle County Executive Chris Coons. "We are excited to work with Comcast and look forward to their plans for additional hiring in the next few years. I thank Governor Ruth Ann Minner and the Delaware Economic Development Office for their dedicated leadership in this effort and others to ensure our local economy continues to grow."
Comcast offers extensive career-path options along with competitive pay, medical, dental and prescription benefits, retirement investment options, and free and discounted Comcast services. Applicants can learn more about specific positions at a number of upcoming area career fairs and are encouraged to review job profiles and opportunities at http://www.comcast.com/, where they can also apply for positions online.
About Comcast and Comcast Cable's Eastern Division
Headquartered in Philadelphia, Comcast Cable is a division of Comcast Corporation , the nation's leading provider of cable, entertainment and communications products and services. With 24.2 million cable customers, 11.5 million high-speed Internet customers and 2.5 million digital voice customers, Comcast is principally involved in the development, management and operation of broadband cable networks and in the delivery of programming content.
Comcast's Cable's Eastern Division currently serves more than 5.4 million customers along the New York to DC corridor, including New Jersey, Pennsylvania, Delaware, Maryland, Washington, DC, Virginia and North Carolina. The Eastern Division also founded and manages CN8, The Comcast Network, one of the nation's largest and most honored regional 24-hour diversified television networks, seen by more than nine million homes on the East Coast. The Eastern Division is based in Oaks, Pennsylvania.
Comcast Cable Eastern Division
CONTACT: Jeff Alexander of Comcast Cable Eastern Division, +1-610-650-3065, jeff_alexander@cable.comcast.com
Web site: http://www.comcast.com/
Oregon Consumers Win as Washington County and 10 Cities Approve Video Services Franchise
BEAVERTON, Ore., April 17 /PRNewswire/ -- On Feb. 8, the MACC (Metropolitan Area Communications Commission) Board of Commissioners recommended the approval of a video franchise agreement reached with Verizon for 10 municipalities and Washington County. Today, Washington County formally approved the MACC recommendation, following earlier approvals by the 10 municipalities.
Verizon, connecting the nation's largest fiber-optic network directly to customers' homes, is building its all-fiber-optic network in most of the wireline telephone areas it serves in the Portland metro area. The 100 percent fiber-optic network is the technological platform from which customers receive Verizon's crystal-clear FiOS TV, ultra-fast FiOS Internet service and reliable FiOS phone service.
The following statement should be attributed to Verizon Northwest Region Senior Vice President David S. Valdez:
"Today's approval by Washington County of the MACC's video franchise agreement with Verizon means consumer choice in cable TV is on the way for more than 156,000 Washington County households early next year.
"Verizon, which continues to build out its all-fiber-optic network in Washington County, already offers ultra-fast FiOS Internet and reliable FiOS phone service. This agreement now sets the stage for us to offer our competitive cable service, FiOS TV.
"Customer acceptance of Verizon's FiOS services continues to grow at a record pace because we have established best-in-class standards for TV picture quality, programming choice, broadband speeds and customer service."
Verizon
CONTACT: Kevin Laverty of Verizon, +1-425-261-5855, or kevin.laverty@verizon.com
Web site: http://www.verizon.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
/C O R R E C T I O N -- SI International/
In the news release, "SI International Hosting 'The New New Internet: IPv6 Conference' on May 10, 2007" issued earlier today by SI International over PR Newswire, we are advised by the company that the URL in the seventh paragraph, second sentence, should read "http://www.ipv6.thenewnewinternet.com/" rather than "http://www.ipv6.thenewinternet.com/" as originally issued inadvertently.
SI International
For Verizon Customers Who are Moving, One Call Does it All; Seamless Termination and Activation Available With Verizon's New Mover's ServiceBest Service Fit, Best Price at New Home Are Easy to Arrange in Advance; Dial 1-866-VZMoves, Put in the New Zip Code, and Verizon Does the Rest
NEW YORK, April 17 /PRNewswire/ -- With a single call, Verizon customers who are moving can schedule termination of service at their old home, be sure service is active when they arrive at their new home, and be sure they are getting the best deal on all the Verizon services they want at the new address.
By dialing 1-866-VZMoves (1-866-896-6837) and entering the zip code at their new address, customers can speak with a Verizon customer service representative familiar with all the services and prices available at the new home. The representatives are trained to help customers analyze their family's calling pattern and the Internet and entertainment services they want, and then help them order the best combination available at the best price, including options for Verizon's Double Freedom, Triple Freedom and Ultimate Freedom bundles or, where available, Verizon FiOS Internet and Verizon FiOS TV services delivered over fiber-optic facilities all the way to the home.
Representatives will arrange for all services at the old home to be terminated on the move-out day and turned on and ready for customers at the new home on move-in day, or whatever days the customer selects.
"The most important part of the Movers program is the opportunity it represents for customers to review their service needs and get the very best value possible at their new home," said Eileen Cassidy, vice president of voice and bundled services for Verizon. "Many customers have not reviewed their service needs recently and can add services or get discounts now available in their new neighborhoods."
Without checking with Verizon, customers might not be aware that the popular FiOS services are available in the area to which they are moving. Verizon is building out its fiber optic network in 16 states and will pass 9 million homes by the end of 2007.
The new toll-free mover's service supplements Verizon's very successful online mover's feature, available via links on the Verizon home page at http://www.verizon.com/. Several hundred customers each week arrange to move their service via the online link.
Among the options available nationwide are the Double, Triple and Ultimate Freedom bundles introduced this winter that offer six combinations of calling, Verizon High Speed Internet service, DIRECTV service and wireless calling from Verizon Wireless. The bundles are priced competitively in all markets with offers from cable TV companies and offer more service combinations than cable. In some areas, two-service bundles start at under $65 a month, three-service bundles at under $95 a month, and bundles of all four services at under $135 a month.
Customers also can order a Verizon Freedom calling plan and, if they order Verizon FiOS Internet Service and Verizon FiOS TV service where these services are available, they can save a significant amount per month a month off the combined price of these services.
Current calling and High Speed Internet customers who order qualifying voice and data services for their new homes will not pay setup charges.
"It's important that customers call us first to be sure they know all their options for getting their services from us over our reliable nationwide network," said Cassidy. "Cable promotions can be deceiving, and we encourage customers to review their options for true value because our technology and our network are the real underpinnings of quality -- the most important element in the value proposition."
Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 59 million customers nationwide. Verizon's Wireline operations include Verizon Business, which operates one of the most expansive wholly owned global IP networks, and Verizon Telecom, which is deploying the nation's most advanced fiber-optic network to deliver the benefits of converged communications, information and entertainment services to customers. A Dow 30 company, Verizon has a diverse workforce of approximately 242,000 and last year generated consolidated operating revenues of more than $88 billion. For more information, visit http://www.verizon.com/.
Verizon Communications Inc.
CONTACT: Jim Smith of Verizon Communications Inc., +1-908-559-3477, james.albert.smith@verizon.com
Web site: http://www.verizon.com/ http://www.verizon.com/news
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Websense Positioned in Leaders Quadrant by Leading Analyst Firm for Content Monitoring and Filtering/Data Loss Prevention
SAN DIEGO, April 17 /PRNewswire-FirstCall/ -- Websense, Inc. , announced today that the company, with its Websense(R) Content Protection Suite(TM) software, has been positioned in the Leaders Quadrant of Gartner's recently released "Magic Quadrant for Content Monitoring and Filtering/Data Loss Prevention [CMF/DLP], 2Q07" (by Paul E. Proctor, Rich Mogull, and Eric Ouellet, April 13, 2007).
Gartner defines leaders as performing well today, having a clear vision of market direction and actively building competencies to sustain their leadership position in the market. The report states that Gartner "gives strong preference to vendors that demonstrate completeness of vision - in terms of strategy for the future - and ability to execute on that vision." (1)
"We are not surprised by this placement in the Leaders Quadrant," said Pamela Fusco, executive director of security solutions at FishNet Security and former EVP, Global Information Security, Citigroup Technology Infrastructure (CTI). "Websense has a powerful solution and is a terrific partner for us as well as customers. We expect to see tremendous growth in the data loss prevention market and in our business with Websense."
In the report the analysts write that "[CMF/DLP technologies'] true value lies in helping management to identify and correct faulty business processes and - crucially - identify and prevent accidental disclosures of sensitive data. This concern is becoming more and more important because of the compliance demands of regulatory initiatives (for example, breach disclosure laws and HIPAA) and industry initiatives, such as the PCI standard."
"We believe Gartner's evaluation and placement of Websense in the Leaders Quadrant of the Magic Quadrant demonstrates our commitment to providing comprehensive, leading-edge software to help organizations protect themselves from information leaks," said Gene Hodges, CEO, Websense. "Organizations need to not only have the systems in place to protect themselves from outside threats, but also ensure sensitive data doesn't leave the company either accidentally or maliciously."
Websense Content Protection Suite enables organizations to accurately and efficiently discover, monitor and prevent information leaks through commonly used resources including instant messaging, email, and network printing. For more information about the Websense Content Protection Suite please visit: http://www.websense.com/global/en/ProductsServices/CPS/
About The Magic Quadrant: Magic Quadrant Disclaimer
The Magic Quadrant is copyrighted 2007 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Websense, Inc.
Websense, Inc. protects more than 25 million employees from external and internal computer security threats. Using a combination of preemptive ThreatSeeker(TM) malicious content identification and categorization technology and information leak prevention technology, Websense helps make computing safe and productive. Distributed through its global network of channel partners, Websense software helps organizations block malicious code, prevent the loss of confidential information and manage Internet and wireless access. For more information, visit http://www.websense.com/ .
(1) Magic Quadrant for Content Monitoring and Filtering/Data Loss Prevention (CMF/DLP), 2Q07" (by Paul E. Proctor, Rich Mogull, and Eric Ouellet).
Media contact:
Sarah Thornton
(858) 320-9500
sthornton@websense.com
Websense, Inc.
CONTACT: Sarah Thornton of Websense, Inc., +1-858-320-9500, or sthornton@websense.com
Web site: http://www.websense.com/ http://www.websense.com/global/en/ProductsServices/CPS
Secure Computing Shares Research Innovations and Best Practices In Email, Web and Domain AuthenticationTechnologists Discuss Reputation Systems and Authentication Protocols at 2007 Authentication Summit
SAN JOSE, Calif., April 17 /PRNewswire-FirstCall/ -- Secure Computing Corporation , a leading enterprise gateway security company, today announced its participation in Authentication Summit 2007, a two-day intensive program that outlines best practices in email, Web and domain authentication. The Secure Computing-sponsored event -- intended to highlight authentication techniques proven to help eliminate online security risks -- will feature two of the company's spokespeople.
Secure Computing experts will address industry and company-specific best practices in email, web and domain authentication. Secure Computing's expertise is evidenced in its security products. For example, IronMail(R) and Webwasher(R) appliances employ a suite of authentication techniques such as SenderID, Domain Keys and signature verification to ensure that communications that are not proven to be from the claimed sender are blocked. This helps to prevent end users from even receiving phishing and other fraudulent emails by blocking them at the gateway -- even when they are masquerading as authentic email from a valid sender. In addition, Secure Computing's Webwasher product can determine whether an executable file has been signed and verified, thus helping to ensure that incoming files are legitimate and not malware disguised as friendly correspondence.
The long-term result of using these authentication products is to help prevent end users from providing personal information to cybercriminals. The authentication in IronMail and Webwasher helps to prevent some would-be cases of identity theft or, in the cases of re-selling credit card or bank information, transnational organized crime.
At the summit, Dr. Paul Judge, Secure Computing chief technology officer, will moderate a panel discussion, April 19th at 1:30pm, titled "360 Degree View -- Real World Authentication; Protecting the Customer." The session will review lessons learned from the deployment of Sender ID/Domain Key Identified Mail, one technique for authenticating email messages so that phishing emails -- or emails that use fraudulent tactics to elicit personal information -- are identified and blocked.
In a separate panel, on April 18th at 3:50pm, "Evolving Threat Research Review - Image Base Spam & More," Dr. Phyllis Schneck, Secure Computing's vice president of research integration, will detail emerging image spam randomization and image manipulation tools as well as the importance of authentication, reputation and other counter-measures.
"Today, spam comprises well over 90-percent of all emails and continues to wreak havoc on organizations that have not taken appropriate measures to defend themselves," said Dr. Phyllis Schneck. "This summit is a perfect forum for us to take all of the information gleaned through our experiences, which include identifying and blocking spam messages for thousands of customers each day. We've long been involved in authentication techniques and can provide significant insight into how they can help eliminate phishing emails and other threats when properly deployed."
For more information about the summit taking place in Boston, Mass. on April 18 and 19, 2007, visit http://www.aotalliance.org/summit2007/index.html .
About Secure Computing:
Secure Computing , a leading provider of enterprise gateway security, delivers a comprehensive set of solutions that help customers protect their critical Web, email and network assets. Over half the Fortune 50 and Fortune 500 are part of our more than 20,000 global customers in 106 countries, supported by a worldwide network of more than 2,300 partners. The company is headquartered in San Jose, Calif., and has offices worldwide. For more information, see http://www.securecomputing.com/ .
This press release contains forward-looking statements relating to Secure Computing's involvement at the Authentication Summit and its scheduled presentations, and such statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are delays in product development, undetected software errors or bugs, competitive pressures, technical difficulties, changes in customer requirements, general economic conditions and the risk factors detailed from time to time in Secure Computing's periodic reports and registration statements filed with the Securities and Exchange Commission.
CONTACTS:
Ally Zwahlen Avi Dines or Ross Levanto
Secure Computing Schwartz Communications
925-288-4175 781-684-0770
ally_zwahlen@securecomputing.com scur@schwartz-pr.com
(Logo: http://www.newscom.com/cgi-bin/prnh/20060808/LATU027LOGO )
Photo: http://www.newscom.com/cgi-bin/prnh/20060808/LATU027LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
Secure Computing Corporation
CONTACT: Ally Zwahlen of Secure Computing Corporation, +1-925-288-4175, or ally_zwahlen@securecomputing.com ; or Avi Dines or Ross Levanto, both of Schwartz Communications, +1-781-684-0770, or scur@schwartz-pr.com , for Secure Computing Corporation
Web site: http://www.securecomputing.com/ http://www.aotalliance.org/summit2007/index.html
Butler Special Shareholder Committee to Refile Complaint Against CEO, Board
PORTLAND, Ore., April 17 /PRNewswire-FirstCall/ -- The Special Shareholders Committee of Butler International, Inc. announced today its intention to make demand on Butler to pursue allegations that Butler's CEO, Edward Kopko ("Kopko") and the Board of Directors breached their fiduciary duties to the shareholders, disenfranchised shareholders' rights to vote, and diluted shareholder value. The demand arises from a series of self-interested transactions, pursuant to which Butler's Board blindly and/or recklessly approved onerous financing transactions that benefited Kopko and diluted the shares of the Butler shareholders.
The Committee intends to make the demand after an amended complaint filed by three shareholders against Butler, Kopko, and the other Board members was dismissed by Judge Thomas J. Bollinger of the Circuit Court for Baltimore County, Maryland, on April 2, 2007, on the grounds that the plaintiffs improperly pled their claims as a direct action rather than as a derivative action.
Questions regarding the demand may be directed to counsel for the Special Committee, Mr. Lawrence J. Quinn, Tydings & Rosenberg LLP, 100 East Pratt Street, 26th Floor, Baltimore, Maryland 21202, Phone: 410.752.9700, Fax: 410.727.5460
Butler Special Shareholder Committee
CONTACT: Counsel for the Special Committee, Mr. Lawrence J. Quinn of Tydings & Rosenberg LLP, +1-410-752-9700, or fax, +1-410-727-5460
Shutterfly Chooses DataDirect Networks S2A9550 Storage Solution to Power Its Image ArchiveShutterfly Deploys 2.5PB of Primary Storage - Touts S2A9550's Fault Tolerance
LAS VEGAS, April 17 /PRNewswire/ -- DataDirect Networks Inc., the storage performance and capacity leader, announced today that it has delivered and installed multiple S2A9550 storage solutions equal to 2.5 PB, to Shutterfly, Inc. , an Internet-based social expression and personal publishing service. DataDirect's S2A9550 is the industry's highest performing and most dense storage solution.
Shutterfly chose the S2A9550 based on its ability to meet the company's requirements for scalability, high performance, high availability and fault tolerance. DataDirect's S2A9550 is being used as the primary storage pool to store customer data.
"Preserving our customers' digital memories is crucial to maintaining our customers' trust," said Jeff Whitehead, vice president of internet operations & chief information officer at Shutterfly. "Shutterfly selected DataDirect Networks in large part due to their high density storage, total cost of ownership, fault tolerance and availability, which helps us to further secure our rapidly growing archive of over one billion images."
The S2A9550 incorporates enterprise-class data protection like on-the-fly parity checking of all read I/Os, and hardware RAID 6. The S2A9550's pioneering hardware RAID 6 controller protects data in the event of a double disk failure in the same redundancy group, without adversely affecting data availability or system performance.
"We're pleased that the S2A9550 met Shutterfly's benchmarks for a scalable, robust and easy-to-manage storage sub-system for their proprietary architecture," added Paul Bloch, president of DataDirect Networks. "The S2A9550 allows Shutterfly to easily scale their storage without expensive re-architecting while providing the highest levels of Quality of Service for consistent, predictable data delivery to real-life application environments."
About Shutterfly
Founded in 1999, Shutterfly, Inc. is an Internet-based social expression and personal publishing service. Shutterfly provides high quality products and world class services that make it easy, convenient and fun for consumers to preserve their digital photos and to tell their stories in a creative and thoughtful manner. Shutterfly has more than one billion images stored in its digital archive. More information about Shutterfly is available at http://www.shutterfly.com/. Shutterfly and Shutterfly.com are trademarks of Shutterfly, Inc.
About DataDirect Networks
DataDirect Networks is the world's leading provider of high performance, high capacity networked storage solutions. DataDirect's S2A (Silicon Storage Appliance) architecture enables modern applications such as video streaming, content delivery, modeling and simulation, backup and archiving, cluster and supercomputing, and real-time collaborative workflows, that are driving the explosive demand for storage performance and capacity. DataDirect's S2A technology and solutions solve today's most challenging storage requirements, including providing shared, high-speed access to a common pool of data, minimizing data center footprints and storage costs for massive archives, reducing simulation computational times, and capturing and serving multiple streams of high-quality audio and video.
DataDirect's customers include the world's leading high-performance computing centers, broadcast and post production facilities, Internet sites, telecommunications providers, and government agencies.
Launched in 1998 and headquartered in Chatsworth, California, DataDirect Networks has an established global presence with research and development, and operations in the United States, Europe and Asia. For more information, contact DataDirect Networks at +1-818-700-7600 or info@datadirectnet.com, or visit http://www.datadirectnet.com/.
Media Contact:
Curtis Chan
CHAN & ASSOCIATES, INC.
Ph: 714.447.4993, x100
Email: cj_chan@chanandassoc.com
DataDirect Networks Inc.
CONTACT: Curtis Chan of CHAN & ASSOCIATES, INC., +1-714-447-4993, ext. 100, cj_chan@chanandassoc.com, for DataDirect Networks Inc.
Web site: http://www.datadirectnet.com/ http://www.shutterfly.com/
Systems Xcellence to Host Conference Call for Fiscal 2007 First Quarter Financial Results
LISLE, IL, April 17 /PRNewswire-FirstCall/ -- Systems Xcellence today announced that it will host a conference call on Thursday, May 3, 2007 at 8:30 a.m. ET to discuss its fiscal 2007 first quarter financial results. Mr. Gordon Glenn, Chairman and Chief Executive Officer will host the call.
A press release announcing the quarterly results will be issued at 7:00 a.m. ET on May 3rd.
All interested parties can join the call by dialing 416-644-3416 or 1-800-731-6941. Please dial in 15 minutes prior to the call to secure a line. The conference call will be archived for replay until Thursday, May 10, 2007 at midnight. To access the archived conference call, please dial 416-640-1917 or 1-877-289-8525 and enter the reservation code 21227433 followed by the number sign.
A live audio webcast of the conference call will be available http://www.sxc.com/ and http://www.newswire.ca/. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast. An archived replay of the webcast will be available for 360 days.
About SXC Health Solutions
SXC Health Solutions, Inc. (SXC) is a leading provider of pharmacy benefits management (PBM) services and healthcare IT solutions to the healthcare benefits management industry. The Company's product offerings and solutions combine a wide range of software applications, application service provider (ASP) processing services and professional services, designed for many of the largest organizations in the pharmaceutical supply chain, such as Federal, provincial, and, state and local governments, pharmacy benefit managers, managed care organizations, retail pharmacy chains and other healthcare intermediaries. SXC is based in Lisle, Illinois with locations in; Scottsdale, Arizona; Warminster, Pennsylvania; Milton, Ontario and Victoria, British Columbia. For more information please visit http://www.sxc.com/.
Forward-Looking Statements
Certain statements included herein, including those that express management's expectations or estimates of our future performance, constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risks that may cause our actual financial results, performance, or achievements to be materially different from our estimated future results, performance or achievements expressed or implied by those forward-looking statements. Numerous factors could cause actual results to differ materially from those in the forward-looking statements, including without limitation, our ability to achieve increased market acceptance for our product offerings and penetrate new markets; consolidation in the healthcare industry; the existence of undetected errors or similar problems in our software products; our ability to identify and complete acquisitions, manage our growth and integrate acquisitions; our ability to compete successfully; potential liability for the use of incorrect or incomplete data; the length of the sales cycle for our healthcare software solutions; interruption of our operations due to outside sources; our dependence on key customers; maintaining our intellectual property rights and litigation involving intellectual property rights; our ability to obtain, use or successfully integrate third-party licensed technology; compliance with existing laws, regulations and industry initiatives and future change in laws or regulations in the healthcare industry; breach of our security by third parties; our dependence on the expertise of our key personnel; our access to sufficient capital to fund our future requirements; and potential write-offs of goodwill or other intangible assets. This list is not exhaustive of the factors that may affect any of our forward-looking statements. Investors are cautioned not to put undue reliance on forward-looking statements. All subsequent written and oral forward-looking statements attributable to SXC or persons acting on our behalf are expressly qualified in their entirety by this notice. We disclaim any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise. Risks and uncertainties about our business are more fully discussed in our Annual Information Form.
Certain of the assumptions made in preparing forward-looking information and management's expectations include: maintenance of our existing customers and contracts, our ability to market our products successfully to anticipated customers, the impact of increasing competition, the growth of prescription drug utilization rates at predicted levels, the retention of our key personnel, our customers continuing to process transactions at historical levels, that our systems will not be interrupted for any significant period of time, that our products will perform free of major errors, our ability to obtain financing on acceptable terms and that there will be no significant changes in the regulation of our business.
Systems Xcellence Inc.
CONTACT: Jeff Park, Chief Financial Officer, Systems Xcellence Inc., Tel: (630) 577-3206, investors@sxc.com; Dave Mason, Investor Relations, The Equicom Group Inc., (416) 815-0700, ext. 237, dmason@equicomgroup.com
Perot Systems to Webcast First Quarter 2007 Results of Operations on May 1st
PLANO, Texas, April 17 /PRNewswire-FirstCall/ -- Perot Systems Corporation today announced that the company will webcast a conference call with senior management on Tuesday, May 1, 2007 at 10:15 a.m. (EDT) to discuss the First Quarter 2007 Results of Operations. Interested parties may access the webcast via the company's web site at http://www.perotsystems.com/.
About Perot Systems
Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations, and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2006 revenue of $2.3 billion. The company has more than 21,000 associates located in North America, Europe, and Asia. Additional information on Perot Systems is available at http://www.perotsystems.com/.
Perot Systems Corporation
CONTACT: Investors: John Lyon, 1-877-PER-NYSE, fax: +1-972-577-6790, Invest@ps.net, or Media Contact: Joe McNamara, +1-972-577-6165, fax: +1-972- 577-4484, joe.mcnamara@ps.net, both of Perot Systems Corporation
Web site: http://www.perotsystems.com/
Company News On-Call: http://www.prnewswire.com/comp/122686.html
AT&T Services Inc. Obtains Permanent Injunctions Against Alleged Data Brokers With More to FollowCompany Aggressively Pursues Defendants' Alleged Use of Computer Fraud to Improperly Obtain Customer Information
SAN ANTONIO, April 17 /PRNewswire-FirstCall/ -- AT&T Services Inc. ("AT&T") today announced that it has reached confidential settlements and obtained court-ordered injunctions against 13 alleged pretexters in the federal lawsuits it filed in San Antonio and San Francisco. Similar settlements have been reached with two more defendants, and the courts' entry of permanent injunctions is expected to follow shortly. The settlements reflect undisclosed cash payments together with agreed permanent injunctions that forbid each defendant from engaging in any future unlawful pretexting activity.
Separately, following a hearing on Friday, March 23 in the United States District Court for the Northern District of California, the court granted a preliminary injunction against Lobel Financial Corporation, which will be the only remaining defendant in the lawsuits.
"We stated at the time we filed these suits that AT&T would use every means available to vigorously pursue individuals and companies who, through fraud, attempt to obtain unauthorized access to customer information," said Dorothy Attwood, chief privacy officer for AT&T. "We have done just that and are very pleased with the results of these cases. We believe that the results send a clear and decisive message that has had a significant and chilling effect on the pretexting community."
In addition to seeking the legal sanctions, AT&T has taken additional steps to prevent this type of activity in the future. "We intend to remain vigilant in order to keep information about our customers secure," Attwood said.
AT&T originally filed the federal lawsuits against unidentified "John Doe" defendants in the U.S. District Court for the Western District of Texas on Aug. 23, 2006, and in the U.S. District Court for the Northern District of California on Sept. 6, 2006. The lawsuits allege that the defendants used fraudulent means to gain access to AT&T's business records containing confidential customer information, including calling-record information. The lawsuits, together with AT&T's successful motions for expedited discovery, gave AT&T the authority to issue subpoenas to Internet service providers in an effort to obtain the identities of the perpetrators. Ultimately, 16 businesses and individuals were identified and named as defendants in the lawsuits.
The 13 defendants for whom agreed permanent injunctions have already been obtained are: Brett Alford of Jacksonville, Fla.; A L Skip, Inc. of Brentwood, Calif.; Michael Alan, Inc. of Arvada, Colo.; Autostar U.S.A., Inc. of Corpus Christi, Texas; DWC Research, Inc. of Tampa, Fla.; EZ Auto Solutions, Inc. of Galt, Calif.; Katherine Martens of Lutz, Fla.; Kym McDaniel of Ellijay, Ga.; Nae-Mo Corporation d/b/a Mathews and Michaels of Dallas, Texas; Nowcom Corporation of Los Angeles, Calif.; Receivables Specialist, Inc. of Tamarac, Fla.; SRG, Inc. of Richardson, Texas; and Trace America, Inc. of Bonita Springs, Fla. AT&T has also reached agreements with two other defendants: Data Research Inc. of Tucson, Ariz., and WMADM, Inc. d/b/a Wm. Maloy Company of Anaheim, Calif., and expects that agreed permanent injunctions against those defendants will be entered soon.
Note: This AT&T release and other news announcements are available as part of an RSS feed at http://www.att.com/rss.
ABOUT AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(c)2007 AT&T Knowledge Ventures. All rights reserved. AT&T and the AT&T logo are trademarks of AT&T Knowledge Ventures. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Walt Sharp of AT&T Inc., +1-210-351-3349, walt.sharp@att.com
Web site: http://www.att.com/
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