Companies news of 2007-04-20 (page 1)
JobsInNH.com Releases First Quarter Employment Index Showing Small Business Growth
STMicroelectronics Extends Secure MCU Portfolio with Dedicated Family for 2.5G and 3G...
JobsInRI.com Releases First Quarter Employment Index Showing Small Business Growth
JobsInTheUS.com Releases First Quarter Employment Index Showing Small Business Growth
JobsInME.com Releases First Quarter Employment Index Showing Small Business Growth
JobsInVT.com Releases First Quarter Employment Index Showing a Strong Job Market
U.S. Cellular and TDS Webcasting Fourth Quarter 2006 Conference Call on April 23, 2007
Zoran Corporation Announces First Quarter 2007 Conference Call
SunCom Wireless Announces Special Meeting Voting ResultsShareholders Approve Exchange...
CAE further increases its position in the modelling and simulation market with the...
Axia Group Inc. Receives New Order for Equipment Shelters From Major Radio Station in Sri...
Atlanta-Area Companies Drive Efficiency, Performance and Growth with SAPAcross the Region,...
Nelnet Agrees With Nebraska Attorney General to Voluntarily Adopt Student Loan Code of...
Continental Airlines Now Has Interline eTicket Capabilities With All Alliance Partners
Verizon's FiOS TV Approved in Williston Park, N.Y.Consumers One Step Closer to Choice and...
Erroneous NASD 'E' Designation Results From NASD Administrative ErrorCompany Current in...
Honeywell Reports First Quarter Sales Up 11% to US$8.0 Billion; Earnings Up 27% to 66...
CommScope Plans to Release First Quarter 2007 Results on April 26
MediaREADY Update on 10-KSB Filing
BT to Acquire Comsat InternationalLatin American acquisition to improve BT's global reach
Regal Beloit Corporation to Hold First Quarter Earnings Conference Call on Monday, April...
Salesforce.com Foundation Celebrates Earth Day by Bringing Together the Power of...
Zoran Corporation Releases Record 2006 Financial Results- Company files reports with...
KCSA Worldwide Launches Energy Practice
Cars.com Deploys Centive Compel via Salesforce.com's AppExchangeLeading Automotive Website...
Bull publiera son chiffre d'affaires du premier trimestre 2007 le 25 avril 2007
Circuit City Teams with Napster to Launch New Digital Music Service; Circuit City +...
Peerless Systems Announces Appointment of William B. Patton as Independent Director;...
Vyyo Names Rich Bilotti, Wall Street's Cable and Media Forward Thinker, to Board of...
JobsInNH.com Releases First Quarter Employment Index Showing Small Business Growth
WESTBROOK, Maine, April 20 /PRNewswire/ -- JobsInTheUS.com, one of the largest Internet recruiting companies in the Northeast and the fastest growing recruiting site in the South, released JobsInNH.com's Employment Index for First Quarter 2007. JobsInTheUS.com is owned by Journal Register Company and operates 19 web sites including JobsInMS.com (Mississippi), JobsInAL.com (Alabama), JobsInME.com (Maine), JobsInNH.com (New Hampshire), JobsInVT.com (Vermont) and JobsInRI.com (Rhode Island) and others.
The index reveals job growth in New Hampshire is strong over all with small businesses posting more than 45% of the jobs in the first quarter. Manufacturing continues to show strength in the job market with more 15% of the jobs posted on the site.
First Quarter 2007 Summary
Background:
JobsInNH.com is the largest internet job site in the state. With nearly 8,043, job openings this quarter and more than 400,000 searches being done, we are in a unique position to monitor and report on the employment trends within the state with data available on a county level. The JobsInNH.com Jobs Index is a statistical summary of the data compiled for the quarter by month. The Index identifies key trends based on job openings posted, searches performed by job seekers and key metrics from the web site. Taken together they offer a unique perspective into the key trends for employment in New Hampshire.
Job Trends: The following are the significant trends for Q1 2007:
-- The number of job openings this quarter (8,043) is up 27% from Q4 2006.
There is general strength in many areas of the state and across many
industries.
-- A majority of the new job openings were in Rockingham County (24.6% of
all job openings posted), Hillsborough County (28.1%) and Strafford
County (13.5%).
-- Job openings activity covered a number of job types:
-- Manufacturing (15.6% of all jobs posted)
-- Customer Service (8.6%)
-- Sales (8.6%)
-- Healthcare (7.2%)
-- Banking/Finance (5.3%)
-- 48.1% of the job openings posted were from companies with 50 or fewer
employees.
-- Companies with 51-100 employees accounted for 17.8% of the total.
-- Companies with 101-250 employees accounted for 19.2%.
-- 78.8% of job openings were for Full-time positions.
-- 17.5% were part-time
-- 3.7% were contract or per diem
Job Search Trends: The following are the significant trends for Q1 2007:
-- The number of qualified (job seeker used specific parameters to search
for a position) searches for the quarter was 421,566, down 13% from Q4
2006.
-- The top job categories searched by job seekers were:
-- Clerical (7.1%)
-- Healthcare (7.2%)
-- Accounting (6.4%)
-- Manufacturing (4.8%)
-- Customer Support (3.9%)
-- 34.6% of the qualified searches also contained a geographic preference:
-- Rockingham County (24.6% of qualified searches)
-- Hillsborough County (28.1%)
-- Stafford (13.5%)
-- A majority of the job seekers prefer to look for positions within close
proximity to their home. The commuting preference for job seekers was:
-- 1-30 miles -- 53.9%
-- 31-40 miles -- 19.5%
-- > 40 miles -- 26.6%
Web Site Trends:
JobsInNH.com had a total of 828,141 unique visits for the quarter, up 19% from Q4 2006. Average time spent per visit increased slightly to 8 minutes, 42 seconds. During an average visit, a job seeker will download 10.7 pages.
* For more information and complete data breakdown please call
(888) 883-1294.
About JobsInTheUS
Founded in 1999, JobsInTheUS is one of the fastest-growing local job Internet sites -- both in terms of unique visits to the Web sites and jobs posted. Headquartered in Westbrook, Maine, the company specializes in state-specific job Internet sites where qualified candidates who want to work in a particular state find a match with local employers at a lower cost for employers than other recruiting methods. JobsInTheUS operates JobsInME.com, JobsInNH.com, JobsInVT.com, JobsInRI.com, JobsInMA.com, JobsInCT.com, JobsInDE.com, JobsInAL.com, JobsInLouisiana.com, JobsInMS.com, JobsInKS.com, JobsInMD.com, JobsInDC.com, JobsInVA.com, JobsInWV.com, and JobsInAK.com.
About Journal Register Company
Journal Register Company is a leading U.S. media company. Journal Register Company owns 22 daily newspapers and 345 non-daily publications. Journal Register Company currently operates 222 individual Web sites that are affiliated with the Company's daily newspapers, non-daily publications and its network of employment Web sites. These Web sites can be accessed at http://www.journalregister.com/ . All of the Company's operations are strategically clustered in six geographic areas: Greater Philadelphia; Michigan; Connecticut; Greater Cleveland; and the Capital-Saratoga and Mid- Hudson regions of New York. The Company owns JobsInTheUS, a network of 19 premier employment Web sites.
Safe-Harbor
This release contains forward-looking information about Journal Register Company that is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe", "expect", "may", "will", "should", "project", "plan", "seek", "intend", or "anticipate" or the negative thereof or comparable terminology, and include discussions of the proposed sale of assets, strategy, financial projections and estimates and their underlying assumptions, the extent or timing of cost savings, charges and statements about the future performance, operations, growth rates, products and services of the Company. These forward- looking statements involve a number of risks and uncertainties, which could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the success of the Company's acquisition strategy, dispositions, the ability of the Company to achieve cost reductions and integrate acquisitions, failure or interruptions in the software or systems that support our product and services, competitive pressures, general or regional economic conditions and advertising trends, the unavailability or a material increase in the price of newsprint and increases in interest rates. These and additional risk factors are outlined in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
JobsInTheUS
CONTACT: Angie Helton, Northeast Media Associates, +1-207-653-0365, nema@maine.rr.com, for JobsInTheUS
Web site: http://www.jobsintheus.com/ http://www.journalregister.com/
STMicroelectronics Extends Secure MCU Portfolio with Dedicated Family for 2.5G and 3G Mobile Communications ProductsShort lead times for high volumes combine with cost-effective and proven technology
GENEVA, April 20 /PRNewswire-FirstCall/ -- STMicroelectronics today introduced two new secure microcontrollers designed specifically for high-volume 2.5G and 3G (third-generation) mobile-phone SIM cards. The ST21Y036 and ST21Y144 provide 36 Kbytes and 144 Kbytes of user EEPROM, respectively, and they join the ST21Y068, which was announced towards the end of 2006 and is already in volume production. Based on an enhanced 8/16-bit CPU core with up to 16-Mbytes linear addressing capability, the family is produced in a state-of-the-art 0.13-micron EEPROM technology to meet industry demands for high volumes, short lead times and competitive pricing.
Operators need secure SIM products with increased memory capacity to store and handle the large amounts of data now used in a growing number of applications and services in mobile communications products, while maintaining overall performance and user-friendliness. The ST21Y platform delivers an excellent performance-to-power-consumption ratio, meeting current GSM consumption standards.
"With more than 20 years smart card experience behind us, and world-class manufacturing capability, ST can ship these new ST21 devices in the high volumes and short timescales that the mobile industry demands," said Andreas Raschmeier, Director of Smart Card Sales and Marketing. "They're optimized for 2.5G and 3G products, delivering the high performance with low power drain required by the latest applications."
The ST21Y036 and ST21Y144 both include a hardware DES (Data Encryption Standard) accelerator and user-accessible CRC (Cyclic Redundency Code) calculation block. The user EEPROM areas - which include 64 bytes of user OTP (One Time Programmable) memory - use highly reliable CMOS submicron technology, and provide 10-year data retention with a typical Erase/Write endurance of 500,000 cycles. Software and firmware generation are supported by a comprehensive set of dedicated development tools for software design and validation.
The ST21Y036 is entering volume production now; the ST21Y144 is available in sample quantities, with volume production planned for June 2007. ST has the unique ability to offer smartcard ICs as sawn wafers and in advanced micro- modules that combine integration and security. The ST21Y devices are available in 6-contact (D17) and 8-contact (D95) RoHS-compliant modules, with contact assignment compatible with ISO 7816-2. In wafer form, the ST21Y036 is priced at $0.20 and the ST21Y144 at $0.75, in quantities of 10,000.
This press release is also available at
http://www.st.com/stonline/stappl/cms/press/news/year2007/p2166.htm
... .....with links to further information on the ST21Y036 and ST21Y144
About STMicroelectronics
STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2006, the Company's net revenues were $9.85 billion and net earnings were $782 million. Further information on ST can be found at http://www.st.com/.
STMicroelectronics
CONTACT: Michael Markowitz of STMicroelectronics, +1-212-821-8959, or michael.markowitz@st.com
Web site: http://www.st.com/
JobsInRI.com Releases First Quarter Employment Index Showing Small Business Growth
WESTBROOK, Maine, April 20 /PRNewswire/ -- JobsInTheUS.com, one of the largest Internet recruiting companies in the Northeast and the fastest growing recruiting site in the South, released JobsInRI.com's Employment Index for First Quarter 2007. JobsInTheUS.com is owned by Journal Register Company and operates 19 web sites including JobsInMS.com (Mississippi), JobsInAL.com (Alabama), JobsInME.com (Maine), JobsInNH.com (New Hampshire), JobsInVT.com (Vermont) and JobsInRI.com (Rhode Island) and others.
The index reveals job growth in Rhode Island is strong over all with small businesses posting more than 55% of the jobs in the first quarter. Healthcare continued to be one of the leading industries posting jobs while seasonal jobs were the most searched on the site.
First Quarter 2007 Summary
Background:
JobsInRI.com is one of the fastest growing internet job sites in the state. With 3,303 jobs posted this quarter, and over 200,000 searches being done, we are in a unique position to monitor and report on the employment trends within the state. The JobsInRI.com Jobs Index is a statistical summary of the data compiled for the quarter by month. The Index identifies key trends based on job openings posted, searches performed by job seekers and key metrics from the web site. Taken together they offer a unique perspective into the key trends for employment in Rhode Island.
Job Trends: The following are the significant trends for Q1 2007:
-- The number of jobs posted this quarter (3,303) is up 41% from Q4 2006.
There is also general strength in many areas of the state and across
many industries.
-- A majority of the new job openings were in Providence County
(41.9% of all job openings), Kent County (20.8%) and Newport County
(6.6%).
-- Job openings activity covered a number of job types:
-- Health Care (12.8% of all job openings)
-- Nonprofit (9.2%)
-- Sales (8.3%)
-- Customer Support (6.8%)
-- Advertising/Marketing (5.5%)
-- 55.4% of the job openings posted were from companies with 50 or fewer
employees.
-- Companies with 51 - 100 employees accounted for 11.2% of the total.
-- Companies with 101 - 250 employees accounted for 14.7% of the total.
-- 64. 2% of job openings were for Full-time positions.
-- 31.1% were part-time
-- 4.7% were contract or per diem
Job Search Trends: The following are the significant trends for Q1 2007:
-- The number of qualified (job seeker used specific parameters to search
for a position) searches this quarter was 608,427, up slightly from Q4
2006.
-- The top job categories searched by job seekers were:
-- Health Care (9.4%)
-- Clerical (7.7% of all qualified searches)
-- Customer Service (4.5%)
-- Seasonal Nov-Apr (5.8%)
-- Seasonal May-Oct (5.8%)
-- 31% of the qualified searches also contained a geographic preference:
-- Providence County (56.5% of qualified searches)
-- Kent County (18.1%)
-- Washington County (10.6%)
-- A majority of the job seekers prefer to look for positions within close
proximity to their home. The commuting preference for job seekers was:
-- 1-30 miles - 62.5%
-- 31-40 miles - 17.3%
-- > 40 miles - 20.2%
Web Site Trends:
JobsInRI.com had a total of 433,305 unique visits for the quarter, up 32% from the Q4 2006 figure. Average time per visit increased substantially from 3 minutes, 54 seconds to 6 minutes and 52 seconds, well above industry averages. During an average visit, a job seeker will download 7.9 pages.
* For more information and complete data breakdown please call (888) 883-1294.
About JobsInTheUS
Founded in 1999, JobsInTheUS is one of the fastest-growing local job Internet sites -- both in terms of unique visits to the Web sites and jobs posted. Headquartered in Westbrook, Maine, the company specializes in state-specific job Internet sites where qualified candidates who want to work in a particular state find a match with local employers at a lower cost for employers than other recruiting methods. JobsInTheUS operates JobsInME.com, JobsInNH.com, JobsInVT.com, JobsInRI.com, JobsInMA.com, JobsInCT.com, JobsInDE.com, JobsInAL.com, JobsInLouisiana.com, JobsInMS.com, JobsInKS.com, JobsInMD.com, JobsInDC.com, JobsInVA.com, JobsInWV.com, and JobsInAK.com.
About Journal Register Company
Journal Register Company is a leading U.S. media company. Journal Register Company owns 22 daily newspapers and 345 non-daily publications. Journal Register Company currently operates 222 individual Web sites that are affiliated with the Company's daily newspapers, non-daily publications and its network of employment Web sites. These Web sites can be accessed at http://www.journalregister.com/. All of the Company's operations are strategically clustered in six geographic areas: Greater Philadelphia; Michigan; Connecticut; Greater Cleveland; and the Capital-Saratoga and Mid-Hudson regions of New York. The Company owns JobsInTheUS, a network of 19 premier employment Web sites.
Safe-Harbor
This release contains forward-looking information about Journal Register Company that is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe", "expect", "may", "will", "should", "project", "plan", "seek", "intend", or "anticipate" or the negative thereof or comparable terminology, and include discussions of the proposed sale of assets, strategy, financial projections and estimates and their underlying assumptions, the extent or timing of cost savings, charges and statements about the future performance, operations, growth rates, products and services of the Company. These forward- looking statements involve a number of risks and uncertainties, which could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the success of the Company's acquisition strategy, dispositions, the ability of the Company to achieve cost reductions and integrate acquisitions, failure or interruptions in the software or systems that support our product and services, competitive pressures, general or regional economic conditions and advertising trends, the unavailability or a material increase in the price of newsprint and increases in interest rates. These and additional risk factors are outlined in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
JobsInTheUS
CONTACT: Angie Helton of Northeast Media Associates, +1-207-653-0365, nema@maine.rr.com, for JobsInTheUS.com
Web site: http://www.jobsintheus.com/ http://www.journalregister.com/
JobsInTheUS.com Releases First Quarter Employment Index Showing Small Business Growth
WESTBROOK, Maine, April 20 /PRNewswire/ -- JobsInTheUS.com, one of the largest Internet recruiting companies in the Northeast while becoming the fastest growing recruiting site in the South, released JobsInTheUS.com's Employment Index for First Quarter 2007. JobsInTheUS.com is owned by Journal Register Company and operates 19 web sites including JobsInMS.com (Mississippi), JobsInAL.com (Alabama), JobsInME.com (Maine), JobsInNH.com (New Hampshire), JobsInVT.com (Vermont) and JobsInRI.com (Rhode Island) and others.
The index reveals job growth throughout the Northeast with Healthcare and Manufacturing among the top industries posting jobs. Small business accounted for more than 45% of the jobs posted.
First Quarter 2007 Summary
Background:
JobsInTheUS.com is the largest internet job site in the Northeast while becoming the fastest growing recruiting site in the South. With nearly 36,063 job openings posted this quarter and more than 2,000,000 searches being done, we are in a unique position to monitor and report on the employment trends within the state. The JobsInTheUS.com Jobs Index is a statistical summary of the data compiled for the quarter by month. The Index identifies key trends based on job openings posted, searches performed by job seekers and key metrics from the web site. Taken together they offer a unique perspective into the key trends for employment in the Northeast.
Job Trends: The following are the significant trends for Q1 2007:
-- The number of job openings posted this quarter (36,063) is up 12% from
Q4 2006. There is general continuing strength in many areas of the
state and across many industries.
-- Job openings activity covered a number of job types:
-- Healthcare positions (15.9% of all job openings)
-- Manufacturing (6.4%)
-- Customer Support (9%)
-- Sales (4.3%)
-- Clerical (6.5%)
-- 48% of the job openings posted were from companies with 50 or fewer
employees.
-- Companies with 51-100 employees accounted for 15.9% of the total.
-- Companies with 101-250 employees accounted for 20.8%.
-- 84.4% of job openings were for Full-time positions.
-- 21.6% were part-time
-- 6.2% were contract or per diem
Job Search Trends: The following are the significant trends for Q1 2007:
-- The number of qualified (job seeker used specific parameters to search
for a position) searches for the quarter was 2,040,559, down 7% from Q4
2006.
-- The top job categories searched by job seekers were:
-- Healthcare (8.4% of qualified searches)
-- Clerical (7.3%)
-- Accounting (5.5%)
-- Banking/Finance (4.3%)
-- IT/Computers (4.1)
-- A majority of the job seekers prefer to look for positions within close
proximity to their home. The commuting preference for job seekers was:
-- 1-30 miles - 56.4%
-- 31-40 miles - 19.1%
-- > 40 miles - 24.5%
Web Site Trends:
JobsInTheUS.com had 1,453,426 unique visits for the quarter, a 24% increase from 1,173,256 in Q1 2006. The average time per visit increased from 3 minutes, and 24 seconds to 5 minutes and 41 seconds. During an average visit, a job seeker will download 7 pages.
* For more information and complete data breakdown please call (888) 883-1294.
About JobsInTheUS
Founded in 1999, JobsInTheUS is one of the fastest-growing local job Internet sites -- both in terms of unique visits to the Web sites and jobs posted. Headquartered in Westbrook, Maine, the company specializes in state-specific job Internet sites where qualified candidates who want to work in a particular state find a match with local employers at a lower cost for employers than other recruiting methods. JobsInTheUS operates JobsInME.com, JobsInNH.com, JobsInVT.com, JobsInRI.com, JobsInMA.com, JobsInCT.com, JobsInDE.com, JobsInAL.com, JobsInLouisiana.com, JobsInMS.com, JobsInKS.com, JobsInMD.com, JobsInDC.com, JobsInVA.com, JobsInWV.com, and JobsInAK.com.
About Journal Register Company
Journal Register Company is a leading U.S. media company. Journal Register Company owns 22 daily newspapers and 344 non-daily publications. Journal Register Company currently operates 222 individual Web sites that are affiliated with the Company's daily newspapers, non-daily publications and its network of employment Web sites. These Web sites can be accessed at http://www.journalregister.com/. All of the Company's operations are strategically clustered in six geographic areas: Greater Philadelphia; Michigan; Connecticut; Greater Cleveland; and the Capital-Saratoga and Mid- Hudson regions of New York. The Company owns JobsInTheUS, a network of 19 premier employment Web sites.
Safe-Harbor
This release contains forward-looking information about Journal Register Company that is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe", "expect", "may", "will", "should", "project", "plan", "seek", "intend", or "anticipate" or the negative thereof or comparable terminology, and include discussions of the proposed sale of assets, strategy, financial projections and estimates and their underlying assumptions, the extent or timing of cost savings, charges and statements about the future performance, operations, growth rates, products and services of the Company. These forward- looking statements involve a number of risks and uncertainties, which could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the success of the Company's acquisition strategy, dispositions, the ability of the Company to achieve cost reductions and integrate acquisitions, failure or interruptions in the software or systems that support our product and services, competitive pressures, general or regional economic conditions and advertising trends, the unavailability or a material increase in the price of newsprint and increases in interest rates. These and additional risk factors are outlined in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
JobsInTheUS
CONTACT: Angie Helton of Northeast Media Associates, +1-207-653-0365, nema@maine.rr.com, for JobsInTheUS
Web site: http://www.jobsintheus.com/ http://www.journalregister.com/
JobsInME.com Releases First Quarter Employment Index Showing Small Business Growth
WESTBROOK, Maine, April 20 /PRNewswire/ -- JobsInTheUS.com, one of the largest Internet recruiting companies in the Northeast and the fastest growing recruiting site in the South, released JobsInME.com's Employment Index for First Quarter 2007. JobsInTheUS.com is owned by Journal Register Company and operates 19 web sites including JobsInMS.com (Mississippi), JobsInAL.com (Alabama), JobsInME.com (Maine), JobsInNH.com (New Hampshire), JobsInVT.com (Vermont) and JobsInRI.com (Rhode Island) and others.
The index reveals job growth in Maine is strong over all with small businesses posting more than 35% of the jobs in the first quarter. Healthcare continues to be the leading industry for job postings on the site.
First Quarter 2007 Summary
Background:
JobsInME.com is the largest internet job site in the state. With nearly 15,513 job openings posted this quarter and more than 800,000 searches being done, we are in a unique position to monitor and report on the employment trends within the state. The JobsInME.com Jobs Index is a statistical summary of the data compiled for the quarter by month. The Index identifies key trends based on job openings posted, searches performed by job seekers and key metrics from the web site. Taken together they offer a unique perspective into the key trends for employment in ME.
Job Trends: The following are the significant trends for Q1 2007:
-- The number of job openings posted this quarter (15,513) is up 4% from
Q4 2006. There is general continuing strength in many areas of the
state and across many industries.
-- A majority of the new job openings were in Cumberland County (36.7% of
all job openings posted, Androscoggin County (9.6%) and Kennebec County
(11.0%). A majority of the job openings appears in Maine's southern
counties.
-- Job openings activity covered a number of job types:
-- Healthcare positions (22.8% of all job openings)
-- Customer Support (8.8%)
-- Clerical (5.5%)
-- Manufacturing (4.3%)
-- Sales (4.9%)
-- 38.2% of the job openings posted were from companies with 50 or fewer
employees.
-- Companies with 251-499 employees accounted for 15.3% of the total.
-- Companies with 500-1000 employees accounted for 17.7%.
-- 72. 2% of job openings were for Full-time positions.
-- 20.1% were part-time
-- 7.7% were contract or per diem
Job Search Trends: The following are the significant trends for Q1 2007:
-- The number of qualified (job seeker used specific parameters to search
for a position) searches for the quarter was 855,389 down 4% from Q4
2006.
-- The top job categories searched by job seekers were:
-- Healthcare (7.2% of qualified searches)
-- Clerical (6.2%)
-- Accounting (5.0%)
-- Banking/Finance (4.7%)
-- Advertising/Marketing (4.4%)
-- 28% of the qualified searches also contained a geographic preference:
-- Cumberland County (37.3 of qualified searches)
-- York County (18.4%)
-- Penobscot County (9.4%)
-- A majority of the job seekers prefer to look for positions within close
proximity to their home. The commuting preference for job seekers was:
-- 1-30 miles - 55.2%
-- 31-40 miles - 19.1%
-- > 40 miles - 25.7%
Web Site Trends:
JobsInME.com had 2,130,258 unique visits for the 1st quarter, a 29% increase from Q4 2006. Average time per visit increased slightly this quarter to 6 minutes, 40 seconds, still well above industry averages. During an average visit, a job seeker will download 7.82 pages.
For more information and complete data breakdown please call (888) 883-1294.
About JobsInTheUS
Founded in 1999, JobsInTheUS is one of the fastest-growing local job Internet sites -- both in terms of unique visits to the Web sites and jobs posted. Headquartered in Westbrook, Maine, the company specializes in state-specific job Internet sites where qualified candidates who want to work in a particular state find a match with local employers at a lower cost for employers than other recruiting methods. JobsInTheUS operates JobsInME.com, JobsInNH.com, JobsInVT.com, JobsInRI.com, JobsInMA.com, JobsInCT.com, JobsInDE.com, JobsInAL.com, JobsInLouisiana.com, JobsInMS.com, JobsInKS.com, JobsInMD.com, JobsInDC.com, JobsInVA.com, JobsInWV.com, and JobsInAK.com.
About Journal Register Company
Journal Register Company is a leading U.S. media company. Journal Register Company owns 22 daily newspapers and 345 non-daily publications. Journal Register Company currently operates 222 individual Web sites that are affiliated with the Company's daily newspapers, non-daily publications and its network of employment Web sites. These Web sites can be accessed at http://www.journalregister.com/. All of the Company's operations are strategically clustered in six geographic areas: Greater Philadelphia; Michigan; Connecticut; Greater Cleveland; and the Capital-Saratoga and Mid- Hudson regions of New York. The Company owns JobsInTheUS, a network of 19 premier employment Web sites.
Safe-Harbor
This release contains forward-looking information about Journal Register Company that is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe", "expect", "may", "will", "should", "project", "plan", "seek", "intend", or "anticipate" or the negative thereof or comparable terminology, and include discussions of the proposed sale of assets, strategy, financial projections and estimates and their underlying assumptions, the extent or timing of cost savings, charges and statements about the future performance, operations, growth rates, products and services of the Company. These forward- looking statements involve a number of risks and uncertainties, which could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the success of the Company's acquisition strategy, dispositions, the ability of the Company to achieve cost reductions and integrate acquisitions, failure or interruptions in the software or systems that support our product and services, competitive pressures, general or regional economic conditions and advertising trends, the unavailability or a material increase in the price of newsprint and increases in interest rates. These and additional risk factors are outlined in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
JobsInTheUS
CONTACT: Angie Helton of Northeast Media Associates, +1-207-653-0365, nema@maine.rr.com, for JobsInTheUS
Web site: http://www.jobsintheus.com/ http://www.journalregister.com/
JobsInVT.com Releases First Quarter Employment Index Showing a Strong Job Market
WESTBROOK, Maine, April 20 /PRNewswire/ -- JobsInTheUS.com, one of the largest Internet recruiting companies in the Northeast and the fastest growing recruiting site in the South, released JobsInVT.com's Employment Index for First Quarter 2007. JobsInTheUS.com is owned by Journal Register Company and operates 19 web sites including JobsInMS.com (Mississippi), JobsInAL.com (Alabama), JobsInME.com (Maine), JobsInNH.com (New Hampshire), JobsInVT.com (Vermont) and JobsInRI.com (Rhode Island) and others.
The index reveals job growth in Vermont strong despite a decline in Healthcare jobs. Customer support jobs increased significantly in the 1st Quarter.
First Quarter 2007 Summary
Background:
JobsInVT.com is the largest internet job site in the state. With 4,500 jobs posted this quarter and more than 190,000 searches being done, we are in a unique position to monitor and report on the employment trends within the state. The JobsInVT.com Jobs Index is a statistical summary of the data compiled for the quarter by month. The Index identifies key trends based on job openings posted, searches performed by job seekers and key metrics from the web site. Taken together they offer a unique perspective into the key trends for employment in Vermont.
Job Trends: The following are the significant trends for Q1 2007:
-- The number of job openings posted (4,500) is up 47% from Q4 2006.
-- A majority of the new jobs posted this quarter were in Chittenden
County (25.7% of all job openings), Addison County (7.7%), and
Rutland County (6.1%).
-- Job openings activity covered a number of job types:
- Healthcare (8.2%)
- Customer Support (15.9%)
- Seasonal May-Oct (11.7%)
- Sports/Recreation (11.4%)
- Healthcare (8.2%)
- Sales (5.6%)
-- 24% of the job openings posted were from companies with 50 or fewer
employees.
-- Companies with 101-250 employees accounted for 42% of the total.
-- Companies with 251-499 employees accounted for 10.4%.
-- 78.8% of the quarter's jobs posted were for full-time positions, up
73% from Q2 2005.
- 17.5% were part-time
- 3.7% were contract or per diem
Job Search Trends: The following are the significant trends for Q1 2007:
-- The total number of qualified (job seeker used specific parameters to
search for a position) searches this quarter was 570,843, down 5%
from Q4 2006.
-- The top job categories searched by job seekers were:
- Healthcare (7.4% of qualified searches)
- Clerical (4.8%)
- Seasonal Nov-Apr (7.1%)
- Accounting (5.4%)
- Seasonal May-Oct (7.1%)
-- 20.1% of the qualified searches also contained a geographic
preference:
- Chittendon County (33.8% of qualified searches)
- Washington County (11.3%)
- Windsor County (10.3%)
-- A majority of the job seekers prefer to look for positions within
close proximity to their home. The commuting preference for job
seekers was:
- 1-30 miles - 44.9%
- 31-40 miles - 25.6%
- > 40 miles - 29.6%
Web Site Trends:
JobsInVT.com had more than 402,165 unique visits for the quarter, up 21% from Q4 2006. We see average time per visit of 5 minutes 43 seconds, well above industry averages. During an average visit, a job seeker will download 7.6 pages.
* For more information and complete data breakdown please call (888) 883-1294.
About JobsInTheUS
Founded in 1999, JobsInTheUS is one of the fastest-growing local job Internet sites -- both in terms of unique visits to the Web sites and jobs posted. Headquartered in Westbrook, Maine, the company specializes in state- specific job Internet sites where qualified candidates who want to work in a particular state find a match with local employers at a lower cost for employers than other recruiting methods. JobsInTheUS operates JobsInME.com, JobsInNH.com, JobsInVT.com, JobsInRI.com, JobsInMA.com, JobsInCT.com, JobsInDE.com, JobsInAL.com, JobsInLouisiana.com, JobsInMS.com, JobsInKS.com, JobsInMD.com, JobsInDC.com, JobsInVA.com, JobsInWV.com, and JobsInAK.com.
About Journal Register Company
Journal Register Company is a leading U.S. media company. Journal Register Company owns 22 daily newspapers and 345 non-daily publications. Journal Register Company currently operates 222 individual Web sites that are affiliated with the Company's daily newspapers, non-daily publications and its network of employment Web sites. These Web sites can be accessed at http://www.journalregister.com/. All of the Company's operations are strategically clustered in six geographic areas: Greater Philadelphia; Michigan; Connecticut; Greater Cleveland; and the Capital-Saratoga and Mid- Hudson regions of New York. The Company owns JobsInTheUS, a network of 19 premier employment Web sites.
Safe-Harbor
This release contains forward-looking information about Journal Register Company that is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe", "expect", "may", "will", "should", "project", "plan", "seek", "intend", or "anticipate" or the negative thereof or comparable terminology, and include discussions of the proposed sale of assets, strategy, financial projections and estimates and their underlying assumptions, the extent or timing of cost savings, charges and statements about the future performance, operations, growth rates, products and services of the Company. These forward- looking statements involve a number of risks and uncertainties, which could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the success of the Company's acquisition strategy, dispositions, the ability of the Company to achieve cost reductions and integrate acquisitions, failure or interruptions in the software or systems that support our product and services, competitive pressures, general or regional economic conditions and advertising trends, the unavailability or a material increase in the price of newsprint and increases in interest rates. These and additional risk factors are outlined in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
JobsInTheUS
CONTACT: Angie Helton of Northeast Media Associates, +1-207-653-0365, or nema@maine.rr.com , for JobsInTheUS
Web site: http://www.jobsintheus.com/ http://www.journalregister.com/
U.S. Cellular and TDS Webcasting Fourth Quarter 2006 Conference Call on April 23, 2007
CHICAGO, April 20 /PRNewswire-FirstCall/ -- Telephone and Data Systems, Inc. and United States Cellular Corporation are hosting a joint fourth quarter 2006 conference call on Mon., Apr. 23, 2007 at 10:00 Chicago time (11:00 Eastern). You can listen to the conference call by accessing http://audioevent.mshow.com/331399/ or the conference call page of the Investor Relations section of http://www.teldta.com/ .
For more information about TDS and its subsidiaries, visit the web sites at:
TDS: http://www.teldta.com/ TDS Telecom: http://www.tdstelecom.com/
USM: http://www.uscellular.com/
Telephone and Data Systems, Inc.; United States Cellular Corporation
CONTACT: Julie D. Mathews, Manager, Investor Relations, of Telephone and Data Systems, Inc., +1-312-592-5341, or julie.mathews@teldta.com
Web site: http://www.teldta.com/ http://www.uscellular.com/ http://www.tdstelecom.com/ http://audioevent.mshow.com/331399/
Zoran Corporation Announces First Quarter 2007 Conference Call
SUNNYVALE, Calif., April 20 /PRNewswire-FirstCall/ -- Zoran Corporation today announced that it plans to release its first quarter 2007 financial results after market close on Tuesday, April 24, 2007. The earnings release will be available on the company's website at http://www.zoran.com/ and PR Newswire. On April 24, at 2:00 p.m. PT (5:00 p.m. ET), Zoran management will host a conference call to discuss first quarter financial results.
To listen to the call, please dial 617-847-8706 approximately five minutes prior to the start of the call. For those who cannot listen to the live conference call, a replay will be available from approximately 4:00 p.m. PT on April 24, 2007, until 4:00 p.m. PT on May 8, 2006. The access number for the replay is 617-801-6888, confirmation number 35651096.
Additionally, the conference call will be broadcast live over the Internet and can be accessed by all interested parties through the investor relations section of Zoran's website at http://www.zoran.com/. Please access the website at least fifteen minutes prior to the start of the call to register and to download or install any necessary audio software.
About Zoran Corporation
Zoran Corporation, based in Sunnyvale, California, is a leading provider of digital solutions for applications in the growing digital entertainment and digital imaging markets. With two decades of expertise developing and delivering digital signal processing technologies, Zoran has pioneered high- performance digital audio and video, imaging applications, and Connect and Share technologies for the digital home. Zoran's proficiency in integration delivers major benefits for OEM customers, including greater capabilities within each product generation, reduced system costs, and shorter time to market. Zoran-based DVD, digital camera, DTV, multimedia mobile phone, and multifunction peripheral printer products have received recognition for excellence and are now in millions of homes and offices worldwide. With headquarters in the U.S. and operations in Canada, China, England, Germany, Israel, Japan, Korea, and Taiwan, Zoran may be contacted on the World Wide Web at http://www.zoran.com/ or at 408-523-6500.
Zoran Corporation
CONTACT: Karl Schneider, Chief Financial Officer of Zoran Corporation, +1-408-523-6500, or Bonnie McBride, +1-323-466-0960, or bonnie@avalonir.com
Web site: http://www.zoran.com/
SunCom Wireless Announces Special Meeting Voting ResultsShareholders Approve Exchange Agreement and Adopt Agreement and Plan of Merger
BERWYN, Pa., April 20 /PRNewswire-FirstCall/ -- SunCom Wireless Holdings, Inc. (BULLETIN BOARD: SWSH) today announced that at its Special Meeting of Stockholders, its shareholders voted to approve Proposal 1 and Proposal 2 as described in its Proxy Statement dated March 20, 2007. The vote for these Proposals approves the Exchange Agreement between SunCom Investment Co. LLC and holders of certain of SunCom Wireless Inc.'s subordinated notes as well as the adoption of the Agreement and Plan of Merger between the Company and SunCom Merger Corp. Both Proposals passed with the required majority of the outstanding SunCom shares, representing in each case over 80% of the total votes cast on the Proposals.
Consummation of the Exchange Agreement cannot occur until the necessary approval is received from the Federal Communications Commission ("FCC"). Parties to the Exchange Agreement are actively working with the FCC to obtain the necessary approval.
About SunCom Wireless
SunCom Wireless is a leader in offering digital wireless communications services to consumers in the Southeastern United States, Puerto Rico and the U.S. Virgin Islands. With more than 1 million subscribers, SunCom is committed to being a different kind of wireless company focused on treating customers with respect, offering simple, straightforward plans and providing access to the largest GSM network and the latest technology choices. SunCom Wireless is a proud provider of Wireless AMBER Alerts. For more information about SunCom products and services, visit http://www.suncom.com/ or call 877-CALL-SUN (1- 877-225-5786).
SunCom Wireless Holdings, Inc.
CONTACT: Rose B. Cummings, APR, Executive Director of Corporate Communications, +1-704-858-5199, media@suncom.com ; or, ANALYST CONTACT, Steven M. Somers, CFA, Executive Director of Investor Relations & Corporate Development, +1-610-651-5900, ssomers@suncom.com , both of SunCom Wireless Holdings, Inc.
Web site: http://www.suncom.com/
CAE further increases its position in the modelling and simulation market with the acquisition of MultiGen-Paradigm
MONTREAL, April 20 /PRNewswire-FirstCall/ -- (NYSE: CGT; TSX: CAE) - CAE announced today the company has signed an agreement with Parallax Capital Partners, LLC and others to acquire MultiGen Paradigm Inc., for US$16 million (C$18 million) in cash. The acquisition is expected to be concluded in May 2007, subject to US government approvals.
MultiGen-Paradigm is a leading supplier of real-time, commercial-off-the-shelf (COTS) software for creating and visualizing simulation solutions.
"We want to offer our customers a one-stop shop for their modelling and simulation needs, where they will be able to receive the industry's most comprehensive, integrated suite of COTS software products, and, in addition, have access to a full complement of professional services. The acquisition of MultiGen-Paradigm is expected to accelerate our growth in this important market," said Marc Parent, CAE's Group President, Simulation Products and Military Training & Services (MT&S).
"Becoming part of one of the world's leading simulation and training companies is great news for MultiGen-Paradigm," said Sandeep Divekar, Chief Executive Officer of MultiGen-Paradigm. "As CAE builds its COTS software capabilities, we have the opportunity to play a key role in contributing to the growth and expansion of modelling and simulation."
MultiGen-Paradigm develops COTS software used by a range of customers to create and visualize three-dimensional (3D), real-time simulations. The company's core products include MultiGen Creator(TM), a simulation software toolset for real-time 3D modelling, terrain, and synthetic environment creation; Creator Terrain Studio(TM), a software framework that helps manage the synthetic environment creation process; Vega-Prime(TM), software designed for the rapid creation and deployment of real-time 3D simulation applications; and Lyra(TM), a visual simulation application that provides plug-and-play compatibility for various image generators. In addition, MultiGen-Paradigm created and continues to develop industry standard visual simulation file formats, including OpenFlight and MetaFlight. The company presently has more than 3,000 customers.
CAE's Modelling and Simulation Growth Strategy
CAE is recognized as a global leader in the provision of modelling and simulation-based training solutions. Modelling and simulation is used in many areas that go beyond traditional pilot training, and involve civil, government and military markets. Recognizing the larger value of CAE's core modelling and simulation technologies, the Company embarked on a growth strategy two years ago that has involved a number of acquisitions and developments.
On the services side, CAE has established a simulation-based professional services practice with locations in Canada, the United States, Europe and Australia. On the products side, CAE is working to provide the industry's most comprehensive and most fully integrated suite of COTS software products available for modelling and simulation. The past acquisition of TERREX, recent acquisition of control of Engenuity, and this acquisition of MultiGen Paradigm, will be combined with some of CAE's internal resources to create a single, integrated COTS software business. CAE expects the acquisition of MultiGen Paradigm to be slightly accretive in the coming years. The COTS software business within CAE will include separate engineering and sales staff who operate independently from CAE's traditional simulation and training business. The recent addition of Kesem International Pty in Australia will also contribute modelling and simulation COTS products to the product line in the future.
MultiGen-Paradigm was formed in 1998 following the merger of MultiGen, founded in 1981 in San Jose, California, and Paradigm Simulation, founded in 1990 in Dallas, Texas. The company is based in Dallas with offices in Santa Clara, California. MultiGen Paradigm's products and services support corporations, government agencies, and universities in several markets, including: commercial and military simulation, urban simulation, and 3D geographical information system simulation. MultiGen-Paradigm sells its products and services through direct and indirect channels in North America and Europe, and licenses its technology to original equipment manufacturers.
CAE is a world leader in providing simulation and modelling technologies, and integrated training services to the civil aviation industry and defence forces around the globe. We design, manufacture and supply simulation equipment and offer training and services. This includes integrated modelling, simulation and training solutions for commercial airlines, business aircraft operators, aircraft manufacturers and military organizations and a global network of training centres for pilots, and in some instances, cabin crew and maintenance workers. With annual revenues of over C$1 billion, CAE operates in 19 countries around the world. CAE has sold nearly 700 simulators and training devices to airlines, aircraft manufacturers, training centres and defence forces for air and ground purposes in more than 40 countries. We have over 110 full-flight simulators in more than 20 aviation training centres, serving approximately 3,500 airlines, aircraft operators and manufacturers across the globe. CAE licenses its simulation software to various market segments and has a professional services division assisting customers with a wide range of simulation-based needs.
CAE INC.
CONTACT: CAE: Nathalie Bourque, Vice President, Global Communications, (514) 734-5788, nathalie.bourque@cae.com; Trade media: Chris Stellwag, Director, Marketing Communications, Simulation Products and Military Training & Services, (813) 887-1242, chris.stellwag@cae.com; Investor relations: Andrew Arnovitz, Director, Investor Relations, (514) 734-5760, andrew.arnovitz@cae.com; On the Web: http://www.cae.com/
Axia Group Inc. Receives New Order for Equipment Shelters From Major Radio Station in Sri Lanka
SAN DIEGO, April 20 /PRNewswire-FirstCall/ -- Axia Group, Inc. (Pinksheets: AXGJ) today announced that is has secured a new order to build equipment and communications shelters for a major radio station in Sri Lanka. This order comes after having built the first telecom structures in Sri Lanka with the panel system.
Stated Jeffrey Flannery, CEO of Axia Group, Inc., "There are hundreds if not thousands of structures such as these equipment and telecom shelters that can be built quickly and efficiently with our system. What's more, our system offers greater strength and durability over other buildings methods, an important consideration for a communications company that has equipment or networks deployed in areas with strong storms and wind."
More information on Axia Group, Inc. can be found on the company web site at http://www.axiagroup.info/.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of AXGJ officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future AXGJ actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and AXGJ has no specific intention to update these statements.
Axia Group, Inc.
CONTACT: Janet Whitehead of Axia Group, Inc., +1-619-466-4701, jwhitehead@axiagroup.info
Web site: http://www.axiagroup.info/
Atlanta-Area Companies Drive Efficiency, Performance and Growth with SAPAcross the Region, Leading Businesses of All Sizes Power Business Strategy by Choosing SAP
ATLANTA, April 20 /PRNewswire-FirstCall/ -- Showcasing its growing presence in the region and the depth of its solutions to serve businesses of diverse size and industry requirements, SAP AG today announced that increasing numbers of Atlanta-area companies are leveraging SAP software for ongoing innovation, more efficient operations and sustainable growth. In addition to expanding relationships with established customers across the region, SAP and its partners have added new customers -- from small businesses and midsize companies to global industry leaders -- to the hundreds of companies and thousands of end users running SAP software in the Atlanta area. The announcement was made on the eve of SAPPHIRE(R) '07, SAP's international customer conference, being held from April 23 - 25, for the first time in Atlanta, Georgia.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a )
Atlanta companies ranging from Coca-Cola Enterprises, Georgia Pacific and The Home Depot, to Checkfree, Dhaksha Technologies, Gwinnett County, MacGregor Golf, and a growing number of small businesses including Structural Products Corporation, Georgia State Floral Distributors and Industriaplex, are among the area businesses which have expanded or established new relationship with SAP in recent quarters by deploying SAP applications. The growth in SAP's local customer base comes as SAP delivers the benefits of solutions designed on the business-driven blueprint of enterprise service-oriented architecture (enterprise SOA) to companies across the globe, and at an inflection point in the transition to SOA, an architecture that enables software functions, or "services," to be combined quickly and flexibly to perform new business processes.
MacGregor Golf Drives with SAP
MacGregor Golf, a leading designer and manufacturer of golf equipment, completed an implementation of ARIS SmartPath for Durable Goods, an IDS Scheer offering of SAP(R) All-in-One software bundled with ARIS Reference Models and SAP implementation services. Working with SAP partner IDS Scheer, MacGregor Golf has improved its customer order entry system and begun to take advantage of lean manufacturing practices. The solution will also be rolled out to the company's offices in Japan and the United Kingdom.
"MacGregor Golf is one of the oldest golf companies in the world with 109 years of tradition, innovation and product excellence," said Jay Verenakis, chief information officer, MacGregor Golf. "With the deployment of ARIS SmartPath for Durable Goods, based on SAP All-in-One, we are now in position to better serve our customers and realize business process efficiencies."
Local Small Businesses Drive Efficiency, Customer Service with SAP
A premier provider of retail, commercial and industrial infrastructure products and services, Industriaplex manages international supply chain logistics required to plan for and respond to the needs of its customers. As a startup that rapidly outgrew Peachtree and spreadsheet applications, Industriaplex first implemented SAP(R) Business One with SAP partner ASE to manage financials, standard light manufacturing, and standard sales order processes. To support its ongoing business strategy, Industriaplex next worked with ASE to integrate SAP Business One with a hosted facility management service from Corrigo so that call center and dispatch services can now programmatically feed SAP purchasing and goods receipt functions.
"With the solution from SAP, we have reduced our reliance on manual spreadsheets, taken complexities out of our business, achieved greater visibility and control," said John Drake, general manager - IT, Industriaplex. "We are now postured to handle our rapid growth in our ever-changing marketplace."
Based in Norcross, Ga., Structural Products Corporation (formerly Atlanta Structural Products) began servicing metro Atlanta's engineered floor system needs in 1984, specializing in engineering, designing and selling engineered floor systems for residential construction. When the company outgrew homegrown IT systems, it looked for an integrated business management package that could provide visibility in a consolidated view of mission-critical across the company. It also looked for a solution that would allow the company to easily customize applications specific to the unique needs of its business.
"We evaluated several competing packages, including Great Plains, but none provided the integrated set of applications and straightforward pricing of SAP Business One," said Jason Shehane, systems and logistics engineer, and leader of the SAP deployment at Structural Products, which implemented the solution working with the Baer Group, a local SAP partner. "The solution's software development kit is easy to use and allows us to develop the custom applications we need to remain responsive to changing business challenges."
Atlanta Companies Shine at SAPPHIRE '07
The SAPPHIRE '07 event will bring thousands of SAP users to Atlanta and feature presentations on hundreds of SAP customer companies. On Monday, April 23, 2007, SAP and The Coca-Cola Company will be hosting a media visit -- for media registered for SAPPHIRE -- at The Coca-Cola Company's headquarters in Atlanta.
In addition to its growing local customer base and SAPPHIRE '07 event, SAP Americas' presence in the Atlanta area also extends to a variety of philanthropic activities and causes including cash and in-kind contributions to non-profit organizations and higher-education institutions in the state of Georgia. SAP's local community partners in Atlanta include Hands on Atlanta, Hands on Network, Bobby Dodd Institute, Techbridge, Knowledge is Power Program (KIPP) and Habitat for Humanity.
"The Atlanta area is a thriving hub of commercial activity, recognized across the globe as an international destination and home to many of the world's leading companies," said Bill McDermott, president and CEO, SAP Americas and Asia Pacific Japan. "As we prepare to host thousands of SAP customers and partners in Atlanta at our 2007 SAPPHIRE conference, we are pleased to showcase our growing customer base and commitment to businesses across the region."
Next Major Events: SAPPHIRE(R) '07 Atlanta and SAPPHIRE(R) '07 Vienna
Join SAP and its growing ecosystem of partners to discover how co- innovation and open technologies are enabling customers to do "business at the speed of change," improving business processes, expediting time to market and outthinking and out-executing the competition. Learn first-hand how organizations of all sizes and industries around the world are using SAP(R) applications to accelerate innovation and energize growth at SAPPHIRE(R) '07, SAP's international customer conference, being held in Atlanta, Georgia, April 22-25, and in Vienna, Austria, May 14-16, 2007. For more information, please visit http://www.sap.com/sapphire.
This year, SAP and the Americas' SAP Users' Group (ASUG) are co-locating their premier events in Atlanta, where the 2007 ASUG Annual Conference takes place April 22-25.
About SAP
SAP is the world's leading provider of business software*. Today, more than 39,400 customers in more than 120 countries run SAP(R) applications -- from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations. Powered by the SAP NetWeaver(R) platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol "SAP." (Additional information at http://www.sap.com/)
(*) SAP defines business software as comprising enterprise resource planning and related applications such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright (C) 2007 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Jim Dever, SAP, +1 (610) 661-2161, james.dever@sap.com, EDT
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT; press@sap.com
Torrey Fazen, Burson-Marsteller for SAP, +1 617 764 0146, torrey.fazen@bm.com, EDT
Photo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
SAP AG
CONTACT: Jim Dever of SAP, +1-610-661-2161, james.dever@sap.com, EDT; SAP Press Office, +49 (6227) 7-46315, CET, +1-610-661-3200, EDT, press@sap.com; or Torrey Fazen of Burson-Marsteller, +1-617-764-0146, torrey.fazen@bm.com, EDT, for SAP
Web site: http://www.sap.com/
Nelnet Agrees With Nebraska Attorney General to Voluntarily Adopt Student Loan Code of Conduct; Makes Commitment to Help Families Plan and Pay for Their Education
LINCOLN, Neb., April 20 /PRNewswire-FirstCall/ -- Nelnet , a leading education planning and financing company, today announced it will assume a leadership role in a movement towards greater transparency and choice for students seeking to borrow money for their college education. Through a voluntary letter of agreement with Nebraska Attorney General Jon Bruning, Nelnet pledges to adopt the Nelnet Student Loan Code of Conduct, post a copy of a review of the company's business practices on its Web site, and commit $1 million to help educate students and families on how to plan and pay for their education.
"We appreciate the attention Attorney General Bruning and others are focusing on education lending practices and, importantly, on efforts to ensure transparency in the relationships between lenders and institutions of higher education," said Mike Dunlap, Nelnet Chairman and Co-Chief Executive Officer. "For nearly 30 years, Nelnet has established itself as a leader for making available the best terms, benefits and services for students and families. We have accomplished this with the highest ethical standards. To this end, we firmly believe in the integrity of our existing business practices and our relationships with the colleges and universities.
"Our goal, however, is to set a new standard for transparency and full disclosure to demonstrate our commitment to families. Adopting a voluntary Code of Conduct, making publicly available a review of our business practices, and committing to help educate families on financial aid literacy is a positive step toward ensuring families can make informed financial aid decisions."
The Code of Conduct makes the following promises to students and families seeking financial aid to pay for their education:
I. Prohibition of Certain Remuneration to Institutions of Higher
Education / Revenue Sharing Prohibition
Nelnet shall not provide anything of value to an institution of
higher education in exchange for any advantage or consideration
related to our student loan activity with respect to the financial
aid office, including but not limited to placement on any
institution preferred FFELP loan lender list.
II. Prohibition of Certain Remuneration to Higher Education Employees /
Gift and Trip Prohibition
Nelnet shall not provide anything of more than nominal value ($10,
or such other amount as may be provided by Federal law) to any
officer, trustee, director, employee or agent of an institution of
higher education who is involved in the student lending process in
such institution's financial aid office.
III. Limitations on Lender Advisory Boards / Advisory Board Compensation
Rules
Nelnet shall not provide anything of value, including reimbursement
of expenses, to any officer, trustee, director, employee or agent of
an institution of higher education involved in the student lending
process in such institution's financial aid office.
IV. Limitations on Staffing of Financial Aid Offices
Nelnet will not provide, without proper disclosure and transparency,
staff for an institution of higher education's financial aid offices
at any time where that employee has contact with students other than
general debt counseling.
V. Prohibition on Use of Opportunity Loans
Nelnet shall not arrange with an institution of higher education to
provide any private loans to borrowers who would otherwise not
satisfy Nelnet's credit criteria (so-called "Opportunity Loans") in
exchange for other specified loan volume from the institution of
higher education or placement on the institution's preferred FFELP
loan lender list.
VI. Maintenance of Borrower Benefits
Nelnet shall take all commercially reasonable steps to ensure that
all benefits originally available on a loan remain in force (or
offer other benefits substantially identical or better during the
repayment phase of the loan) if that loan is transferred or the
servicer is changed as long as the original loan is outstanding.
VII. Full Disclosure of Sales of Loans to Another Lender
Nelnet will disclose to borrowers any agreement between Nelnet and
any unaffiliated entity to sell loans if the sale results in Nelnet
no longer servicing such loan.
VIII. Disclosure at the Request of Institutions of Higher Education
Upon the request of any institution of higher education, Nelnet
shall disclose information concerning the historic default rates of
borrowers from said institution, and the rates of interest charged
to borrowers from the institution.
IX. Private Education loans
If a borrower comes through Nelnet's direct-to-consumer channel and
Nelnet has a relationship with the school the borrower is attending,
Nelnet will offer the borrower the lower of the rate available
directly from Nelnet or the rate available if the borrower had gone
through the financial aid office to receive their private loan.
X. Preferred Lender Lists
In connection with recently proposed legislation, Nelnet wants to
address choice and competition within the education finance process.
Nelnet believes competition and choice on lender lists are critical
at both FFELP and Direct Lending schools, and Nelnet supports the
proposed requirement of having a minimum of three lenders on each
preferred FFELP loan lender list, with at least two being
unaffiliated lenders.
Nelnet will adopt the Code of Conduct nationally and will have completed the necessary modifications to its business practices to align with the Code of Conduct by August 15, 2007.
The company also agreed to commit $1 million for a national campaign to educate and inform families on education finance. Nelnet will work together with the Nebraska Attorney General to direct the funds to help educate students and families on how to plan and pay for their education.
"Through our support we can assist students and families in reaching their education goals and promote transparency in financial aid practices," added Dunlap.
Nelnet recently conducted a review of the company's historical business practices and has posted a copy of the findings to the company's Web site (http://www.nelnet.net/) for the public to review.
For 28 years, Nelnet has been helping the education-seeking family plan for their education, pay for their education, and prepare for their careers. The company has invested hundreds of millions of dollars in products, services, and technology improvements for students and the educational institutions they attend. These services include live counseling to help families through all aspects of the financial aid process, benefits for borrowers, including tens of millions of dollars in fee reductions, and Nelnet sponsored scholarships. Nelnet serves students in 50 states, employs approximately 4,000 associates, and has $23.8 billion in net student loan assets.
Additional information is available at http://www.nelnet.net/.
Information contained or incorporated in this press release, other than historical information, may be considered forward looking in nature and is subject to various risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or expected. Among the key factors that may have a direct bearing on the Company's operating results, performance, or financial condition expressed or implied by the forward-looking statements are the uncertain nature of the future impact of the agreement, any future developments with respect to the regulatory framework, changes in terms of student loans and the educational credit marketplace, changes in the demand for educational financing or in financing preferences of educational institutions, students and their families, or changes in the general interest rate environment and in the securitization markets for education loans.
(code #: nnig)
Nelnet
CONTACT: Media, Ben Kiser, +1-402-458-3024, or Investors, Cheryl Watson, +1-317-469-2064, both for Nelnet
Web site: http://www.nelnet.net/
Continental Airlines Now Has Interline eTicket Capabilities With All Alliance Partners
HOUSTON, April 20 /PRNewswire-FirstCall/ -- Continental Airlines today announced that with the implementation of interline eTicket with Air Europa, it has completed interline eTicket capability with all of its alliance partners, including all current and planned members of SkyTeam and planned SkyTeam associates, as well as all other codeshare and frequent flyer partners.
Continental expects to eliminate issuing and accepting paper tickets by the end of 2007 in accordance with the International Air Transport Association's (IATA) mandate for 100 percent eTicket implementation worldwide by the end of the year. Continental is the IATA global industry leader in interline eTicket implementation, currently having interline eTicket capabilities with 77 carriers.
Interline eTickets permit customers to fly and check baggage on Continental and other carriers on a single paperless eTicket itinerary. Continental expects all of its travelers to soon be using convenient eTickets, which reduce loss, theft and paperwork hassles for customers and the airline. Currently, 98 percent of Continental's customers system-wide travel on eTickets. eTickets are valid at all of the over 280 airports served by Continental around the world.
"The implementation of eTicket capabilities with all of our alliance partners is a significant milestone in our effort to achieve 100 percent eTicketing," said Mark Erwin, senior vice president, Asia/Pacific and Corporate Development. "We will continue to work with our remaining interline partners and require them to adopt interline eTicket technology as soon as possible, to comply with the IATA mandate, as we lead the industry in this critical initiative."
Continental Airlines is the world's fifth largest airline. Continental, together with Continental Express and Continental Connection, has more than 3,100 daily departures throughout the Americas, Europe and Asia, serving 144 domestic and 138 international destinations. More than 400 additional points are served via SkyTeam alliance airlines. With more than 44,000 employees, Continental has hubs serving New York, Houston, Cleveland and Guam, and together with Continental Express, carries approximately 67 million passengers per year. Continental consistently earns awards and critical acclaim for both its operation and its corporate culture.
In 2006, Continental Airlines won its sixth J.D. Power and Associates award since 1996. The carrier received the highest rank in customer satisfaction among network carriers in North America in the J.D. Power and Associates 2006 Airline Satisfaction Index Survey(SM). For the fourth consecutive year, FORTUNE magazine named Continental the No. 1 Most Admired Global Airline on its 2007 list of Most Admired Global Companies. Continental was also named the No. 1 airline on the publication's 2007 America's Most Admired airline industry list. Additionally, Continental again won major awards at the OAG Airline of the Year Awards including "Best Airline Based in North America" for the third year in a row, and "Best Executive/Business Class" for the fourth consecutive year. For more company information, visit continental.com .
Continental Airlines
CONTACT: Corporate Communications of Continental Airlines, +1-713-324-5080, or corpcomm@coair.com
Web site: http://www.continental.com/ http://www.continental.com/company/news
Verizon's FiOS TV Approved in Williston Park, N.Y.Consumers One Step Closer to Choice and Competition
WILLISTON PARK, N.Y., April 20 /PRNewswire/ -- Residents of this Long Island village are a major step closer to having a real choice for their cable television services, thanks to a vote Wednesday night (April 18) by the Williston Park Board of Trustees to approve a video franchise that authorizes Verizon to offer its FiOS TV service, delivered over the most advanced fiber- optic network straight to customers' homes.
"This is great news for residents of Williston Park, who now will have a new choice for their video entertainment," said Monica Azare, Verizon senior vice president for New York and Connecticut. "Verizon's FiOS TV offers consumers something they've never had before, with incredible pictures and sound clarity and innovative new services - all from a brand they know and trust."
Williston Park joins a growing list of New York communities that are paving the way for competition and choice in the television market. In addition to Williston Park, Verizon has been granted video franchises on Long Island in the villages of Massapequa Park, Cedarhurst, Laurel Hollow, Lynbrook, Mineola, East Rockaway, Farmingdale, Valley Stream and Freeport, and in the towns of Huntington, Smithtown, Hempstead and Oyster Bay. Verizon also has video franchises in the Westchester County communities of White Plains, Irvington, Ardsley, Dobbs Ferry, Tarrytown, Eastchester, Mount Kisco, Elmsford, Port Chester, Tuckahoe and the Town of Greenburgh; and in the Rockland County communities of Airmont, Piermont, Orangetown, Clarkstown, Nyack, South Nyack, Upper Nyack and Grandview-on-Hudson.
As with all local franchise approvals in New York, the agreement between Verizon and Williston Park is subject to review by the New York State Public Service Commission.
Verizon's FiOS TV is a formidable competitor to cable and satellite, offering a broad collection of all-digital programming, more than 20 high- definition (HD) channels in the New York market and access to more than 8,600 on-demand titles, 60 percent of which are free.
Verizon's fiber network delivers amazingly sharp pictures and sound, and has the capacity to transmit a wide array of high-definition programming that is so clear and intense it seems to leap from the TV screen. In addition to FiOS TV, Verizon's fiber network also delivers Internet download speeds of up to 50 Mbps (megabits per second) and upload speeds of up to 5 Mbps, as well as high-quality voice service.*
*NOTE: actual (throughput) speeds will vary.
Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 59 million customers nationwide. Verizon's Wireline operations include Verizon Business, which operates one of the most expansive wholly owned global IP networks, and Verizon Telecom, which is deploying the nation's most advanced fiber-optic network to deliver the benefits of converged communications, information and entertainment services to customers. A Dow 30 company, Verizon has a diverse workforce of approximately 242,000 and last year generated consolidated operating revenues of more than $88 billion. For more information, visit http://www.verizon.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon
CONTACT: Heather Wilner of Verizon, +1-212-321-8333, heather.b.wilner@verizon.com
Web site: http://www.verizon.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Erroneous NASD 'E' Designation Results From NASD Administrative ErrorCompany Current in All SEC FilingsTrading to Continue Under 'Twere' Through Monday April 23.
MIDDLETOWN, R.I., April 20 /PRNewswire-FirstCall/ -- Towerstream Corp. (BULLETIN BOARD: TWER.OB) today stated that as a result of the change in the Company's fiscal year-end from November 30, the NASD erroneously issued an "E" designation prior to the opening of today's trading. The NASD's "E" designation is utilized for late or missing SEC reports. Towerstream is current in all of its SEC filings and reports. The Company changed its fiscal year end to December 31 on January 24, 2007.
About Towerstream
Towerstream is a leading fixed WiMAX service provider in the U.S., delivering high-speed Internet access to businesses. Founded in 2000, the company has established networks in such markets as New York City, Los Angeles, Chicago, San Francisco, Seattle, Miami, the greater Boston, Providence and Newport, R.I. areas, and continues to expand coverage throughout the country. The company was the first carrier selected to join the WiMAX Forum to assist leading vendors in establishing industry compliance with international broadband wireless access standards and cross-vendor interoperability. For more information on Towerstream, please visit their website at: http://www.towerstream.com/.
Towerstream Corporation
CONTACT: Kristin Conforti of Dukas Public Relations, +1-516-320-6839, kristin@dukaspr.com
Web site: http://www.towerstream.com/
Honeywell Reports First Quarter Sales Up 11% to US$8.0 Billion; Earnings Up 27% to 66 Cents Per Share; Free Cash Flow of US$458 Million
MORRIS TOWNSHIP, New Jersey, April 20 /PRNewswire/ --
- Company Increases 2007 Sales, EPS and Free Cash Flow Guidance
Honeywell (NYSE: HON) today announced first quarter 2007 sales increased
11% to US$8.0 billion from US$7.2 billion in 2006, driven by 9% organic sales
growth. Earnings were up 27% to US$0.66 per share, versus US$0.52 per share
in the prior year. Cash flow from operations was US$578 million versus US$239
million in the first quarter of 2006 and free cash flow (cash flow from
operations less capital expenditures) was US$458 million, compared to US$117
million last year. The company repurchased more than 25 million shares of
stock in the quarter, reducing its average fully diluted share count to 802
million shares.
"Honeywell had a terrific start to 2007 with strong sales, double-digit
earnings growth and higher free cash flow," said Honeywell Chairman and CEO
Dave Cote. "Our great positions in good industries and global presence helped
drive organic growth in each of our businesses. While we are maintaining a
conservative view of global growth this year, we are increasing our full-year
financial guidance to reflect strong first quarter performance and continued
confidence in our businesses for the remainder of 2007."
Honeywell is increasing its previously stated 2007 sales guidance by
US$700 million to US$33.5 billion, its earnings per share range by 15 cents
to US$3.00 - 3.10 and free cash flow range by US$100 million to US$2.6 - 2.8
billion (cash flow from operations of US$3.4 - 3.6 billion).
First-Quarter Segment Highlights
Aerospace
-- Sales were up 8%, compared with the first quarter of 2006, driven by
9% growth in Commercial and 6% growth in Defense and Space sales.
Commercial sales reflected growth of 10% in original equipment and 9%
in aftermarket spares and services.
-- Segment margins were 17.6%, compared with 16.7% a year ago, driven by
volume growth, price and productivity gains, which more than offset
the negative impact from inflation.
-- Honeywell was selected by the U.S. Army to refurbish medium-sized
tactical vehicles in Kuwait (five and eight ton tankers, cargo
vehicles and wreckers) as part of the Theater Provided Equipment
Refurbishment program. The program is expected to generate sales of up
to US$125 million over four years.
-- Honeywell's Military Airborne Collision Avoidance System - Formation
Rendezvous (MILACAS-FR) has been certified by the FAA for use on all
military aircraft. The company is currently producing 180 MILACAS-FR
systems for Boeing's entire C-17 fleet under a contract valued at
US$20 million.
-- Honeywell's 131-9A Auxiliary Power Unit (APU) has been selected by
Skybus Airlines for its fleet of 65 new Airbus A319 aircraft. The
company will also provide an Integrated Service Solutions support
program for the assets and APU maintenance throughout the term of the
12-year, US$37 million agreement.
Automation and Control Solutions
-- Sales were up 18%, compared with the first quarter of 2006, driven by
organic sales growth of 12% (9% in the Products and 18% in the
Solutions businesses) and the net impact of acquisitions and
divestitures of 6%.
-- Segment margins were 9.8% compared with 9.3% a year ago, due to volume
growth and productivity savings, which more than offset the negative
impacts of inflation, sales mix and the dilutive impact of
acquisitions.
-- Honeywell Life Safety recorded over US$4 million of contract wins in
the quarter related to continued non-residential construction growth
and business expansion in emerging regions.
-- Building Solutions announced a US$28 million contract by the U.S.
General Services Administration (GSA) to upgrade building systems and
reduce energy costs at the new Food and Drug Administration
headquarters in Silver Spring, MD. The upgrades are expected to help
the GSA cut energy costs by US$3 million per year while improving
comfort for building occupants.
-- Process Solutions announced a US$7 million contract to implement an
Experion(R) Process Knowledge System at a new chemical plant operated
by Kuwait Paraxylene Production Company to reduce installation and
maintenance costs while boosting the plant's performance.
Transportation Systems
-- Sales were up 10%, compared with the first quarter of 2006, driven by
increased light vehicle Turbo Technologies sales, the positive impact
of foreign exchange and higher sales of aftermarket products, which
were partially offset by an expected decline in Turbo Technologies
commercial vehicle sales in North America.
-- Segment margins were 13.0%, flat to last year, due to pricing actions
and productivity savings, which were offset by inflation and increased
spending for new product launches.
-- Turbo Technologies won programs on four new passenger vehicle diesel
platforms and one gasoline platform estimated to be worth
approximately US$300 million in annual revenues at full production.
The programs represent platforms in Europe, Asia and the United
States. The first of these platforms is expected to launch in 2008.
-- Consumer Products Group launched Blink, an innovative new line of
products designed for quick interior car clean-up. Initial acceptance
by retailers has been positive and at full launch the Blink product
line will be available in 30,000 outlets throughout the U.S.,
including Wal-Mart.
Specialty Materials
-- Sales were up 4% compared with the first quarter of 2006, driven by
stronger than anticipated performance on UOP projects, which were
partially offset by lower refrigerant sales.
-- Segment margins were 16.0% compared with 14.1% a year ago, due to
favorable sales mix, price and productivity actions, which more than
offset the negative impact of inflation.
-- Specialty Materials and DuPont signed an agreement to accelerate
development and commercialization of next generation, low global
warming refrigerants for the automotive air conditioning industry.
-- UOP commissioned its 200th CCR Platforming(TM) process unit, a
significant milestone for refining process technology. Located in the
Hainan Province of China, the unit will enable Sinopec, the region's
largest producer and supplier of oil and petrochemical products to
supply clean fuel and chemical feedstocks throughout China.
Honeywell will discuss its results during its investor conference call
today starting at 8:00 a.m. EDT. To participate, please dial +1-706-643-7681
a few minutes before the 8:00 a.m. start. Please mention to the operator that
you are dialing in for Honeywell's investor conference call. The live webcast
of the investor call will be available through the "Investor Relations"
section of the company's Website (http://www.honeywell.com/investor).
Investors can access a replay of the investor call starting at 11:00 a.m.
EDT, April 20, until midnight, April 27, by dialing +1-706-645-9291. The
access code is 3774642.
Honeywell International is a US$33 billion diversified technology and
manufacturing leader, serving customers worldwide with aerospace products and
services; control technologies for buildings, homes and industry; automotive
products; turbochargers; and specialty materials. Based in Morris Township,
N.J., Honeywell's shares are traded on the New York, London and Chicago Stock
Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial
Average and is also a component of the Standard & Poor's 500 Index. For
additional information, please visit www.honeywell.com.
This release contains "forward-looking statements" within the meaning of
Section 21E of the Securities Exchange Act of 1934. All statements, other
than statements of fact, that address activities, events or developments that
we or our management intend, expect, project, believe or anticipate will or
may occur in the future are forward-looking statements. Forward-looking
statements are based on management's assumptions and assessments in light of
past experience and trends, current conditions, expected future developments
and other relevant factors. They are not guarantees of future performance,
and actual results, developments and business decisions may differ from those
envisaged by our forward-looking statements. Our forward-looking statements
are also subject to risks and uncertainties, which can affect our performance
in both the near- and long-term. We identify the principal risks and
uncertainties that affect our performance in our Form 10-K and other filings
with the Securities and Exchange Commission.
Contacts:
Media Investor Relations
Robert C. Ferris Nicholas Noviello
+1-973-455-3388 +1-973-455-2222
rob.ferris@honeywell.com nicholas.noviello@honeywell.com
(All amounts in $US unless specified otherwise)
Honeywell International Inc.
Consolidated Statement of Operations (Unaudited)
------------------------------------------------
(In millions except per share amounts)
Three Months Ended March 31,
----------------------------
2007 2006
------ ------
Product sales $6,450 $5,806
Service sales 1,591 1,435
------ ------
Net sales 8,041 7,241
------ ------
Costs, expenses and other
Cost of products sold 5,010 (A) 4,566 (A)
Cost of services sold 1,140 (A) 1,034 (A)
------ ------
6,150 5,600
Selling, general and
administrative expenses 1,089 (A) 1,002 (A)
Other (income) expense (11) (25)
Interest and other financial
charges 97 89
------ ------
7,325 6,666
------ ------
Income from continuing
operations before taxes 716 575
Tax expense 190 144
------ ------
Income from continuing
operations 526 431
Income from discontinued
operations, net of taxes - 5
------ ------
Net income $526 $436
====== ======
Earnings per share of common
stock - basic:
Income from continuing
operations $0.66 $0.51
Income from discontinued
operations - 0.01
------ ------
Net income $0.66 $0.52
====== ======
Earnings per share of common
stock - assuming dilution:
Income from continuing
operations $0.66 $0.51
Income from discontinued
operations - 0.01
------ ------
Net income $0.66 $0.52
====== ======
Weighted average number of
shares outstanding-basic 795 830
====== ======
Weighted average number of
shares outstanding -
assuming dilution 802 836
====== ======
(A) Cost of products and services sold and selling, general and
administrative expenses include amounts for repositioning and
other charges, pension and other post-retirement expense, and
stock option expense.
Honeywell International Inc.
Segment Data (Unaudited)
------------------------
(Dollars in millions)
Net Sales Three Months Ended March 31,
--------- ----------------------------
2007 2006
------ ------
Aerospace $2,840 $2,629
Automation and Control Solutio 2,801 2,365
Specialty Materials 1,199 1,152
Transportation Systems 1,201 1,095
Corporate - -
------ ------
Total $8,041 $7,241
====== ======
Reconciliation of Segment Profit to Income From Continuing
----------------------------------------------------------
Before Taxes
------------
Segment Profit Three Months Ended March 31,
-------------- ----------------------------
2007 2006
------ ------
Aerospace $500 $440
Automation and Control Solutions 274 221
Specialty Materials 192 162
Transportation Systems 156 142
Corporate (43) (45)
------ ------
Total Segment Profit 1,079 920
Other income / (expense) 11 25
Interest and other financial
charges (97) (89)
Stock option expense (A) (24) (25)
Pension and other postretirement
expense (A) (74) (126)
Repositioning and other charges
(A) (179) (130)
------ ------
Income from continuing
operations before taxes $716 $575
====== ======
(A) Amounts included in cost of products and services sold and
selling, general and administrative expenses.
Honeywell International Inc.
Consolidated Balance Sheet (Unaudited)
--------------------------------------
(Dollars in millions)
March 31, December 31,
2007 2006
ASSETS ------- -------
Current assets:
Cash and cash equivalents $1,378 $1,224
Accounts, notes and other
receivables 5,873 5,740
Inventories 3,749 3,588
Deferred income taxes 1,197 1,215
Other current assets 433 470
Assets held for disposal 66 67
------- -------
Total current assets 12,696 12,304
Investments and long-term
receivables 405 382
Property, plant and equipment -
net 4,710 4,797
Goodwill 8,400 8,403
Other intangible assets - net 1,223 1,247
Insurance recoveries for asbestos
related liabilities 1,104 1,100
Deferred income taxes 1,002 1,075
Prepaid pension benefit cost 733 695
Other assets 940 938
------- -------
Total assets $31,213 $30,941
======= =======
LIABILITIES AND SHAREOWNERS'
EQUITY
Current liabilities:
Accounts payable $3,582 $3,518
Short-term borrowings 65 62
Commercial paper 997 669
Current maturities of long-
term debt 227 423
Accrued liabilities 5,493 5,455
Liabilities related to assets
held for disposal 10 8
------- -------
Total current liabilities 10,374 10,135
Long-term debt 4,704 3,909
Deferred income taxes 367 352
Postretirement benefit obligations
other than pensions 2,085 2,090
Asbestos related liabilities 1,249 1,262
Other liabilities 3,271 3,473
Shareowners' equity 9,163 9,720
------- -------
Total liabilities and
shareowners' equity $31,213 $30,941
======= =======
Honeywell International Inc.
Consolidated Statement of Cash Flows (Unaudited)
------------------------------------------------
(Dollars in millions)
Three Months Ended
March 31,
-----------------------
2007 2006
Cash flows from operating -------- --------
activities:
Net income $526 $436
Adjustments to reconcile net
income to net cash provided
by operating activities:
Depreciation and amortization 200 188
Repositioning and other charges 179 130
Net (payments) receipts for
repositioning and other charges (132) 7
Pension and other postretirement
expense 74 126
Pension and other postretirement
benefit payments (45) (115)
Stock option expense 24 25
Deferred income taxes 17 56
Excess tax benefits from share
based payment arrangements (8) -
Other 6 (57)
Changes in assets and liabilities,
net of the effects of acquisitions
and divestitures:
Accounts, notes and other
receivables (136) (147)
Inventories (161) (183)
Other current assets 36 (11)
Accounts payable 65 10
Accrued liabilities (67) (226)
Net cash provided by operating -------- --------
activities 578 239
-------- --------
Cash flows from investing
activities:
Expenditures for property,
plant and equipment (120) (122)
Proceeds from disposals of
property, plant and equipment 33 7
Cash paid for acquisitions,
net of cash acquired (13) (56)
Proceeds from sales of
businesses, net of fees paid 9 475
Net cash (used for)/ provided by -------- --------
investing activities (91) 334
-------- --------
Cash flows from financing
activities:
Net increase/(decrease) in
commercial paper 328 (637)
Net increase/(decrease) in
short-term borrowings 3 (180)
Payment of debt assumed with
acquisitions - (209)
Proceeds from issuance of
common stock 119 174
Proceeds from issuance of
long-term debt 988 1,239
Payments of long-term debt (398) (237)
Excess tax benefits from share
based payment arrangements 8 -
Repurchases of common stock (1,186) (325)
Cash dividends paid on common
stock (199) (189)
Net cash (used for) financing -------- --------
activities (337) (364)
-------- --------
Effect of foreign exchange rate
changes on cash and cash
equivalents 4 (1)
-------- --------
Net increase in cash and cash
equivalents 154 208
Cash and cash equivalents at
beginning of period 1,224 1,234
Cash and cash equivalents at end -------- --------
of period $1,378 $1,442
======== ========
Honeywell International Inc.
Reconciliation of Cash Provided by Operating Activities to Free
Cash Flow
------------------------------------------------------------------
(Unaudited)
(Dollars in millions)
Three Months Ended
March 31,
-----------------------
2007 2006
------ ------
Cash provided by operating
activities $578 $239
Expenditures for property, plant
and equipment (120) (122)
------ ------
Free cash flow $458 $117
====== ======
We define free cash flow as cash provided by operating activities, less
cash expenditures for property, plant and equipment.
We believe that this metric is useful to investors and management as a
measure of cash generated by business operations that will be used to
repay scheduled debt maturities and can be used to invest in future
growth through new business development activities or acquisitions, and
to pay dividends, repurchase stock, or repay debt obligations prior to
their maturities. This metric can also be used to evaluate our ability to
generate cash flow from business operations and the impact that this cash
flow has on our liquidity.
Web site: http://www.honeywell.com
Honeywell
Media: Robert C. Ferris, +1-973-455-3388, rob.ferris@honeywell.com; Investor Relations: Nicholas Noviello, +1-973-455-2222, nicholas.noviello@honeywell.com, both of Honeywell
CommScope Plans to Release First Quarter 2007 Results on April 26
HICKORY, N.C., April 20 /PRNewswire-FirstCall/ -- CommScope, Inc. plans to release its first quarter 2007 financial results after the market closes on Thursday, April 26, and will webcast a conference call to discuss these results at 5:00 p.m. (EDT).
To participate in the conference call, domestic and international callers should dial +1-415-537-1802. Please plan to dial in 10-15 minutes before the start of the call to facilitate a timely connection. The live, listen-only audio of the conference call will be available through a link on the ''Events/Presentations'' tab of the Investor Relations section of CommScope's website at http://www.commscope.com/.
If you are unable to participate on the call and would like to hear a replay, you may dial 800-633-8284. International callers should dial +1-402-977-9140 for the replay. The replay ID is 21336728 and it will be available through Thursday, May 3. A webcast replay will also be archived on CommScope's website for a limited period of time following the conference call.
CommScope is a world leader in infrastructure solutions for communications networks. Through its SYSTIMAX(R) Solutions and Uniprise(R) brands, CommScope is the global leader in structured cabling systems for business enterprise applications. CommScope is also the world's largest manufacturer of coaxial cable for Hybrid Fiber Coaxial (HFC) applications. Backed by strong research and development, CommScope combines technical expertise and proprietary technology with global manufacturing capability to provide customers with high-performance wired or wireless cabling solutions.
CommScope, Inc.
CONTACT: Phil Armstrong, Investor Relations & Corporate Communications of CommScope, Inc., +1-828-323-4848
Web site: http://www.commscope.com/
MediaREADY Update on 10-KSB Filing
FT. LAUDERDALE, Fla., April 20 /PRNewswire-FirstCall/ -- MediaREADY, Inc. (OTC Bulletin Board: MRED; MREDE), a provider of innovative interactive, media-convergent entertainment devices, is pleased to announce the Company's 10-KSB filing will be done in the very near future and within OTC Bulletin Board reporting guidelines. The delay has been attributed to changing accounting firms to Sherb & Co., LLP as previously announced in an 8-K on March 14, 2007. The transition to the new firm has taken longer than expected but will better serve the company as it grows. MediaREADY is also confident the first quarter 10-QSB will be filed without delay.
About MediaREADY, Incorporated:
MediaREADY, Inc. (OTC Bulletin Board: MRED; MREDE) is a pioneer in the media center and portable media device markets offering products and services that provide consumers with new gateways to today's digital media and online services, therefore influencing how consumers are entertained, become informed, and communicate. The Company has launched several products in categories including media center and portable media center products, customer support and affiliate promotion services. MediaREADY is focused on delivering products and solutions that are innovative, affordable, and easy to use.
For more information on the MediaREADY product line, including purchasing information, visit http://www.mediareadyinc.com/.
MediaREADY, MyMediaREADY.com, Recon, Recon Pro, BlingPlayer, Glider, Flyboy, Aero, CoPilot, and PromotionREADY are trademarks of MediaREADY, Inc. All other trademarks or registered trademarks are the property of their respective owners.
Forward-Looking Statements:
Forward-looking statements and comments in this document are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Such statements relating to, among other things, the prospects for the Company to increase its level of sales, maintain current sales levels, add new products and services are necessarily subject to risks and uncertainties, some of which are significant in scope and nature, including risks related to the demand for the Company's products and services, competition, and availability of working capital.
MediaREADY, Inc.
CONTACT: Alyssa Miller, +1-212-584-4290, amiller@5wpr.com, or Karl Banks, +1-212-584-4309, kbanks@5wpr.com, both of 5W Public Relations for MediaREADY, Inc.; or Investor Relations of MediaREADY, Inc., +1-954-527-7780, investor@mediareadyinc.com
Web site: http://www.mediareadyinc.com/
BT to Acquire Comsat InternationalLatin American acquisition to improve BT's global reach
LONDON, April 20 /PRNewswire/ -- BT has announced today that it has entered into an agreement to acquire Comsat International, a leading provider of data communication services for corporations and public sector organizations in Latin America.
The acquisition of Comsat International, through its parent company, CI Holding Corporation, will bolster BT's global reach and reinforce its ability to help customers address the challenges and opportunities of globalization. Comsat International employs over 700 professionals with in-depth knowledge of Latin American markets and provides services directly in 15 countries. The company has a well-established track record in the delivery of complex projects and the management of network solutions for enterprise, public sector and carrier customers. It has its own extensive regional network and also provides customers with data centre, hosting and security services.
Francois Barrault, President BT International, said: "This acquisition will be an exciting milestone in the execution of our strategy of well targeted acquisitions around the world, and will strengthen BT's position as one of the global leaders in the digital networked economy. Comsat International has an excellent reputation and is widely recognized for its regional expertise. This will help us take our 21st Century network and services portfolio to customers and prospects operating in the region. This acquisition significantly enhances BT's position in the increasingly important Latin American market. It also underlines our commitment to providing world class services to our customers wherever they do business."
George M. Kappaz, President and CEO of Comsat International, said: "Comsat is a leading provider of high-end communications services to the corporate and government sectors in Latin America, and BT Global Services' capabilities and experience in global networking and IT for major corporations are second to none. The combination of our businesses and capabilities in the region presents an exciting and compelling opportunity for our customers and employees. This represents a validation of our strategy to focus on corporate and government customers, which now will further benefit from the substantial ICT and solutions expertise, increased product and service portfolio and enhanced global coverage that BT brings to the table."
As at the last audited balance sheet on 31 December 2005, the gross assets of Comsat International were $145 million.
Closing of the transaction is subject to regulatory and anti-trust clearances and the satisfaction of other conditions.
About Comsat International
Comsat International, Inc. provides local, national and pan-regional network services and solutions for approximately 2,000 enterprise, government and service-provider customers over modern, integrated terrestrial and satellite network facilities throughout Latin America. It owns domestic networks in Argentina, Brazil, Colombia, Mexico, Peru, Venezuela and throughout Central America, with two gateway interconnect points in the USA. The company also provides services in Turkey. In addition, it operates over 2,000 square meters of data centre and hosting facilities in the region. Comsat International, Inc. is headquartered in McLean, Virginia USA, and has operating subsidiaries in 15 countries. CI Holding Corporation is the parent company of Comsat International, Inc. For more information, visit http://www.comsatint.com/.
About BT
BT is one of the world's leading providers of communications solutions and services operating in 170 countries. Its principal activities include networked IT services, local, national and international telecommunications services, and higher-value broadband and internet products and services. BT consists principally of four lines of business: BT Global Services, Openreach, BT Retail and BT Wholesale.
In the year ended 31 March 2006, BT Group plc's revenue was 19,514 million pounds sterling with profit before taxation of 2,040 million pounds sterling.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York. For more information, visit http://www.bt.com/aboutbt
BT
CONTACT: Barbara Cattolica of BT, +1-925-242-0882
Web site: http://www.btplc.com/ http://www.bt.com/aboutbt http://www.comsatint.com/
Regal Beloit Corporation to Hold First Quarter Earnings Conference Call on Monday, April 30, 2007
BELOIT, Wis., April 20 /PRNewswire-FirstCall/ -- Regal Beloit Corporation announced today that it plans to release its 2007 first quarter financial results at 7:30 AM CDT (8:30 AM EDT) on Monday, April 30.
At 1:30 PM CDT (2:30 PM EDT) on Monday, April 30, the Company will hold a telephone conference call on its earnings release. Interested parties should call 800-288-8960, access code 871624.
A replay of the call will be available through May 14, 2007 at 800-475- 6701, access code 871624.
Regal Beloit Corporation is a leading manufacturer of electrical and mechanical motion control and power generation products serving markets throughout the world. Regal Beloit is headquartered in Beloit, Wisconsin, and has manufacturing, sales, and service facilities throughout North America and in Mexico, Europe and Asia.
Regal Beloit Corporation
CONTACT: David A. Barta, Vice President, Chief Financial Officer, of Regal Beloit Corporation, +1-608-361-7405
Web site: http://www.regal-beloit.com/
Salesforce.com Foundation Celebrates Earth Day by Bringing Together the Power of Technology, Employees and Nonprofits to Help Combat the Climate CrisisSalesforce.com Foundation Extends Its Earthforce Commitment to Salesforce.com Employees, the Community and Environmental Nonprofits
SAN FRANCISCO, April 20 /PRNewswire-FirstCall/ -- Salesforce.com , the market and technology leader in on-demand business services, and the Salesforce.com Foundation, today announced that they are celebrating Earth Day by engaging salesforce.com employees, the community and environmental nonprofits in activities to extend Salesforce.com Foundation's commitment to be "one" with the earth. All of the activities taking place around Earth Day compliment the Salesforce.com Foundation's unique 1/1/1/1 philanthropy model. The Salesforce.com Foundation operates under salesforce.com's 1/1/1/1 Model -- a commitment to deliver 1% Time, 1% Equity and 1% Product to nonprofit organizations and, most recently, to be "one" with the earth. These activities include the launch of a global team of over 30 salesforce.com employees to help design future salesforce.com environmental programs and practices, the introduction of a biodiesel employee shuttle, technology support for environmental organizations and extensive earth friendly volunteer activities across the globe.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO )
"Since formally announcing our Earthforce initiative in January, the Salesforce.com Foundation is excited to celebrate Earth Day with a number of new projects focused on environmental causes," said Suzanne DiBianca, executive director of the Salesforce.com Foundation. "With the establishment of the Sustainability Council, the Salesforce.com Foundation is tapping into our valuable salesforce.com employees to examine all of our business practices to determine how we can reduce our carbon footprint as a company. Increasing awareness and participation in Earth Day activities is key as we strive to make every day Earth Day in salesforce.com's offices around the world."
Sustainability Council
This week, the Salesforce.com Foundation formally launched the Sustainability Council, a global council of salesforce.com employees focused on making salesforce.com a more environmentally aware business. The Sustainability Council will help the Salesforce.com Foundation define initiatives that salesforce.com can take to reduce its carbon footprint and recycle more materials. Initiatives include everything from engaging in a formalized recycling program for technology hardware and other equipment to increasing the use of recycled paper and soy-based ink to examining facilities use of lighting after hours.
Biodiesel Shuttle
Since opening the salesforce.com office in San Mateo earlier this year, salesforce.com has been looking for a convenient way to transport employees between the two offices. The Salesforce.com Foundation has made plans for a biodiesel shuttle to provide transportation for employees. Biodiesel is a fuel made from vegetable oil that runs in any unmodified diesel engine, is non toxic and is carbon neutral.
Technology Support for Environmental Organizations
Salesforce.com has donated its application to over 20 global environmental organizations around the world to help them better manage their business including Global Footprint Network and Rare. The San Francisco Community Power organization, an organization focused on sustainable energy initiatives to help businesses and individuals save money, energy and the environment, has been using Salesforce for more than a year as its lifeline to customers. In addition, ONE/Northwest has been helping environmental organizations for more than a decade to use technology to help advance their mission. For the last year, ONE/Northwest has been using donated Salesforce applications to help those organizations increase their productivity and broaden their outreach.
"Environmental groups bring about change through engaging with key decision makers and the public at large. Salesforce applications allow a group to have a detailed history of its relationships by tracking all aspects of supporter interaction. Using Salesforce with the help of the Salesforce.com Foundation allows environmental groups to be more effective in their engagement, which quickens the pace of positive environmental change," said Steve Andersen of ONE/Northwest.
Global Volunteer Activities
In fiscal year 2007, salesforce.com employees donated over 20,000 volunteer hours, hundreds of which were dedicated to environmental causes. Salesforce.com employees will be volunteering at some of San Francisco's most beloved natural resources in the days leading up to and immediately following Earth Day on April 22nd. These volunteer activities include restoration projects at Crissy Field, the Presidio, Ocean Beach and Alcatraz.
As the Salesforce.com Foundation has a presence across the globe, international salesforce.com employees will also be volunteering with organizations such as the Plant a Tree Foundation in Thailand, Clean-up the Broadmeadow Estuary in Ireland and Conservation Volunteers in the UK.
About Salesforce.com Foundation
The Salesforce.com Foundation mission is to remain the leaders in pioneering, evangelizing and implementing the 1% Model, and using this model as a means to improve the lives of people around the world. The Salesforce.com Foundation harnesses the power of product and people to improve the lives of those in need. Using the unique 1/1/1/1 Model -- 1% Time, 1% Equity, 1% Product, and "one" with the earth -- the Foundation reaches out to the community and increases the effectiveness of nonprofit organizations so they can better achieve their goals, which the Salesforce.com Foundation calls the Power of Us. The Salesforce.com Foundation concentrates on the use of technology, specifically as it relates to organizations with youth development programs. The Salesforce.com Foundation has supported technology projects around the world that help kids in technology -- bereft urban and rural areas create a better future for themselves. Since July of 2000, salesforce.com employees have given over 50,000 hours of their time and expertise, feeding the homeless, tutoring kids, improving nonprofit spaces, and offering hundreds of helping hands when the world is faced with devastating natural disasters.
About salesforce.com
Salesforce.com is the market and technology leader in on-demand business services. The company's Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand. Apex, the world's first on-demand platform, enables customers, developers and partners to build powerful new on-demand applications that extend beyond CRM to deliver the benefits of multi-tenancy and The Business Web across the enterprise. All Apex components and applications can be easily shared, exchanged and installed via salesforce.com's AppExchange directory, available at http://www.salesforce.com/appexchange. Customers can also take advantage of Successforce, salesforce.com's world-class training, support, consulting and best practices offerings.
As of January 31, 2007, salesforce.com manages customer information for approximately 29,800 customers and approximately 646,000 paying subscribers including Advanced Micro Devices (AMD), America Online (AOL), Avis Budget Group, Inc, Dow Jones Newswires, Polycom and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO- SOFTWARE.
NOTE: Salesforce.com is a registered trademark of salesforce.com, and Apex, AppExchange, The Business Web, IdeaExchange and Successforce are trademarks of salesforce.com, Inc., San Francisco, California. Other names used may be trademarks of their respective owners.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
salesforce.com, Inc.
CONTACT: Katy Dormer of salesforce.com, +1-415-901-8595, or kdormer@salesforce.com
Web site: http://www.salesforce.com/
Zoran Corporation Releases Record 2006 Financial Results- Company files reports with restated financial information and is now current with its SEC reporting obligations- Achieves net income of $16.3 million for 2006- Non-GAAP net income grows 94% to $52.1 million, or $1.03 per diluted share
SUNNYVALE, Calif., April 20 /PRNewswire-FirstCall/ -- Zoran Corporation , a leading provider of digital solutions for applications in the growing digital entertainment and digital imaging markets, today reported its 2006 financial results, including detail for each of the quarters of 2006. The Company also filed its 2006 Annual Report on Form 10-K, containing restated financial statements reflecting accounting adjustments required as a result of the Company's recently-completed independent review of historical stock option practices. In this report the Company is restating prior fiscal periods to reflect $11.7 million of additional stock-based compensation expense relating to stock option grants made during the period January 1, 1997 to December 31, 2003, a well as certain other adjustments.
For the full year 2006, total revenues grew 25 percent to $495.8 million, up from $395.8 million for 2005. 2006 revenues include $35.8 million received pursuant to the settlement of litigation reached during the first quarter. Excluding that settlement amount, 2006 revenues were $460.0 million, an increase of 16 percent over 2005. The Company reported 2006 net income of $16.3 million, or $0.33 per diluted share, compared with a 2005 net loss of $30.3 million, or $0.68 per share. Non-GAAP net income for 2006 was $52.1 million, or $1.03 per diluted share, compared with $26.8 million, or $0.59 per diluted share for 2005. Non-GAAP net income excludes the proceeds from the litigation settlement revenues and the associated provision for income tax expense, charges related to the amortization of acquisition-related purchased intangible assets, stock-based compensation expenses recorded under FAS 123R.
Additionally, Zoran released the following financial information:
-- Net income for the first, second, third quarters of 2006 was $20.7
million, $4.8 million and $1.8 million, respectively, and net loss for
the fourth quarter was $11.0 million.
-- Non-GAAP net income for the first, second, third and fourth quarters of
2006 was $14.8 million, $14.6 million, $18.0 million and $4.7 million,
respectively.
-- Hardware product revenues for the first, second, third and fourth
quarters of 2006 were $99.2 million, $108.2 million, $115.6 million and
$80.7 million, respectively. Hardware product revenues declined in the
fourth quarter in line with the seasonally weak period as well as
increased price erosion in the DVD market and delays in customer
product launches in the DTV business.
-- Software royalties, licensing and other revenues were $12.9 million,
$14.1 million, $13.8 million and $15.5 million, for the first, second,
third and fourth quarters of 2006, respectively.
-- Excluding litigation settlement revenues, overall gross margin was 52%,
51%, 48% and 53% for the first, second, third and fourth quarters of
2006, respectively. Overall gross margin in the third quarter was
impacted by a mix shift towards DVD as well as pricing erosion.
-- Hardware gross margin was 46%, 44%, 42% and 44% for the first, second,
third and fourth quarters of 2006, respectively.
-- Expenses under FAS 123R were allocated as follows: For the first
quarter, $0.2 million was allocated to manufacturing overhead included
in the cost of sales, $1.6 million was allocated to research and
development (R&D) and $3.0 million was allocated to sales, general and
administration (SG&A); for the second quarter, $0.1 million was
allocated to manufacturing overhead included in the cost of sales, $1.4
million was allocated to R&D and $3.6 million was allocated to SG&A;
for the third quarter, $0.1 million was allocated to manufacturing
overhead included in the cost of sales, $1.2 million was allocated to
R&D and $2.4 million was allocated to SG&A; and, for the fourth
quarter, $0.1 million was allocated to manufacturing overhead included
in the cost of sales, $1.2 million was allocated to R&D and $2.2
million was allocated to SG&A.
-- Operating income was $26.7 million for the first quarter of 2006 and
operating losses were $0.5 million, $1.0 million and $14.6 million for
the second, third and fourth quarters of 2006, respectively.
-- Legal and accounting expenses in connection with the stock option
review included in net income for the third and fourth quarters were
$3.3 million $2.5 million respectively.
-- 2006 sales by geographic region were 33% China, 22% Japan, 26% Taiwan,
19% Korea, United States, Europe and other.
Zoran also filed its Quarterly Reports on Form 10-Q for the three-month periods ended September 30, 2006 and June 30, 2006, and an amendment to its previously-filed Quarterly Report on Form 10-Q for the three month period ended March 31, 2006. With today's filings, the Company is now current it its SEC reporting obligations and believes that it has satisfied all of the conditions of the NASDAQ Listing Qualifications Panel for the continued listing of its common stock on the NASDAQ Global Select Market.
Use of Non-GAAP Financial Information
In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, Zoran reports non-GAAP financial information, consisting of non-GAAP net income (loss) that excludes proceeds received as part of litigation settlements and the associated provision for income taxes, amortization of acquisition-related intangibles and stock-based compensation expenses.
The Company believes that its non-GAAP financial information provides useful information to management and investors regarding financial and business trends relating to its financial condition and results of operations because it excludes charges that management considers to be outside of the Company's core operating results. The Company believes that this non-GAAP net income (loss), in combination with the Company's financial results calculated in accordance with GAAP, provides investors with additional perspective and a more meaningful understanding of the Company's ongoing operating performance. In addition, the Company's management uses these non-GAAP measures to review and assess the financial performance of the Company and to plan and forecast performance in future periods. The Company's non-GAAP net income (loss) is not prepared in accordance with GAAP, is not an alternative to GAAP financial information, and may be calculated differently than non-GAAP financial information disclosed by other companies.
Company Profile
Zoran Corporation, based in Sunnyvale, California, is a leading provider of digital solutions for applications in the growing digital entertainment and digital imaging markets. With two decades of expertise developing and delivering digital signal processing technologies, Zoran has pioneered high- performance digital audio and video, imaging applications, and Connect Share Entertain technologies for the digital home. Zoran's proficiency in integration delivers major benefits for OEM customers, including greater capabilities within each product generation, reduced system costs, and shorter time to market. Zoran-based DVD, digital camera, DTV, multimedia mobile phone, and multifunction printer products have received recognition for excellence and are now in hundreds of millions of homes and offices worldwide. With headquarters in the U.S. and operations in Canada, China, England, Germany, India, Israel, Japan, Korea and Taiwan. Zoran may be contacted on the World Wide Web at http://www.zoran.com/ or at 408-523-6500.
Forward-Looking Statements
This press release includes forward-looking statements that reflect the Company's current view with respect to future events and financial performance. These forward-looking statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements, including risks associated with: potential litigation or regulatory action associated with our review of historical stock option practices and related financial restatements; the rapidly evolving markets for the Company's products and uncertainty regarding the development of these markets; new product development, introductions of new products by the Company and its competitors and transitions away from older products; intense competition in multiple markets; the Company's reliance on third parties for wafer supplies, product assembly and testing, and scalable manufacturing capacity; the effects of changes in revenue and product mix on the Company's gross margins; the Company's dependence on sales to large customers; fluctuations in product mix; dependence on key Company personnel; and reliance on international sales and operations, particularly operations in Israel. Further information regarding these and other risks and uncertainties can be found in the Company's most recently filed Annual Report on Form 10-K and other filings with the SEC. Zoran, the Zoran logo, SupraHD, SupraTV, Vaddis, and Quatro are trademarks of Zoran Corporation in the United States and/or other countries. All other brands or names may be claimed as property of others.
ZORAN CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS
(in thousands, except per share data)
(unaudited)
Three months ended Year Ended
March 31, June 30, Sept. 30, Dec. 31, Dec. 31,
2006 2006 2006 2006 2006
Revenues:
Hardware product
revenues $99,169 $108,236 $115,602 $80,737 $403,744
Software and other
revenues 12,909 14,069 13,777 15,514 56,269
License litigation
settlement revenues 30,168 5,624 - - 35,792
Total revenues 142,246 127,929 129,379 96,251 495,805
Costs and expenses:
Cost of hardware
product revenues 53,650 60,355 66,810 45,445 226,260
Research and
development 24,248 25,226 25,255 24,373 99,102
Selling, general and
administrative 24,901 30,109 25,907 28,908 109,825
Amortization of
intangibles 12,735 12,735 12,423 12,169 50,062
Total costs and
expenses 115,534 128,425 130,395 110,895 485,249
Operating income (loss) 26,712 (496) (1,016) (14,644) 10,556
Interest & other income,
net 2,786 2,451 2,798 3,499 11,534
Income (loss) before
income taxes 29,498 1,955 1,782 (11,145) 22,090
Provision (benefit) for
income taxes 8,815 (2,824) (70) (159) 5,762
Net income (loss) $20,683 $4,779 $1,852 $(10,986) $16,328
Basic net income (loss)
per share $0.45 $0.10 $0.04 $(0.22) $0.34
Diluted net income (loss)
per share $0.43 $0.09 $0.04 $(0.22) $0.33
Shares used to compute
basic net income (loss)
per share 46,207 48,461 49,333 49,426 48,353
Shares used to compute
diluted net income
(loss) per share 48,487 51,311 50,712 49,426 50,099
ZORAN CORPORATION
RECONCILIATION OF GAAP NET INCOME (LOSS) TO
NON-GAAP NET INCOME
(in thousands, except per share data)
(unaudited)
Three months ended Year Ended
March 31, June 30, Sept. 30, Dec. 31, Dec. 31,
2006 2006 2006 2006 2006
GAAP net income (loss) $20,683 $4,779 $1,852 $(10,986) $16,328
GAAP basic net
income per share $0.45 $0.10 $0.04 $(0.22) $0.34
GAAP diluted net
income per share $0.43 $0.09 $0.04 $(0.22) $0.33
Shares used to
compute GAAP basic net
income per share 46,207 48,461 49,333 $49,426 48,353
Shares used to compute
GAAP diluted
net income per share 48,487 51,311 50,712 $49,426 50,099
GAAP net income (loss) $20,683 $4,779 $1,852 $(10,986) $16,328
Adjusting items to
GAAP net income
(loss):
Litigation settlement
revenues (net) (23,479)(a)(8,067)(a) - - (31,546)(a)
Amortization of
intangibles 12,735(b) 12,735(b) 12,423(b) 12,169(b) 50,062(b)
Operating expenses
related to stock
based
compensation 4,813(c) 5,145(c) 3,770(c) 3,566(c) 17,294(c)
Non-GAAP net
income $14,752 $14,592 $18,045 $4,749 $52,138
Non-GAAP basic net
income per share $0.32 $0.30 $0.37 $0.10 $1.08
Non-GAAP diluted net
income per share $0.30 $0.28 $0.35 $0.09 $1.03
Shares used to compute
non-GAAP basic
net income per share 46,207 48,461 49,333 49,426 48,353
Shares used to
compute non-GAAP
diluted net income
per share 49,264 51,864 51,028 50,396 50,619
(a) This adjustment reflects the proceeds received from the settlement of
a license litigation net of associated fees and estimated income taxes.
This amount is excluded by management when evaluating our core operating
results as it is considered a non-recurring item which is not part of our
ordinary, ongoing and customary course of operations. (see (d) below)
(b) This adjustment reflects the amortization of intangible assets
associated with the acquisitions of Oak Technology, Inc. in August 2003,
Emblaze Semiconductor in July 2004 and Oren Semiconductor, Inc. in June
2005. These acquired intangible assets are amortized over their
estimated useful lives. Such amortization expense does not impact the
Company's cash flows and is excluded by management when evaluating our
core operating results. (see (d) below)
(c) This adjustment reflects the stock-based compensation expense
recorded under SFAS 123R, the incremental stock based compensation
expense as a result of the remeasurement of certain stock options as part
of the Company's stock option review and the related expenses under IRS
409(A) that will be incurred by the Company. The Company excludes these
item when it evaluates the continuing operational performance of the
Company as management believes this GAAP measure is not indicative of its
core operating performance. (see (d) below)
(d) The Company believes that its non-GAAP financial information provides
useful information to management and investors regarding financial and
business trends relating to its financial condition and results of
operations because it excludes charges that management considers to be
outside of the Company's core operating results. The Company believes
that this non-GAAP net income (loss), in combination with the Company's
financial results calculated in accordance with GAAP, provides investors
with additional perspective and a more meaningful understanding of the
Company's ongoing operating performance. In addition, the Company's
management uses these non-GAAP measures to review and assess the
financial performance of the Company and to plan and forecast performance
in future periods. The Company's non-GAAP net income (loss) is not
prepared in accordance with GAAP, is not an alternative to GAAP financial
information, and may be calculated differently than non-GAAP financial
information disclosed by other companies.
Zoran Corporation
CONTACT: Karl Schneider, Chief Financial Officer of Zoran Corporation, +1-408-523-6500, ir@zoran.com; Investors, Bonnie McBride, +1-323-466-0960, +1-415-806-0385, bonnie@mcbridegrp.com
Web site: http://www.zoran.com/
KCSA Worldwide Launches Energy Practice
NEW YORK, April 20 /PRNewswire/ -- KCSA Worldwide (http://www.kcsa.com/) has formed an industry practice group dedicated to the new energy sector.
The practice group will focus on alternative energy companies looking to launch new products and services or reach the investment community. The new initiative marries KCSA's decades of experience in these market segments with existing relationships and deep industry resources, combined to offer current and prospective clients innovative campaigns and expert counsel that produce measurable results. Clients currently or recently represented by the practice group include ConsumerPowerline, Ormat Technologies , Lighting Science Group (BULLETIN BOARD: LSGP) , Bixby Energy, Keyspan Energy and Orion Energy Systems.
Commenting on the launch of the new practice group, Jeff Corbin, chief executive officer of KCSA said, "For new and alternative energy companies to gain traction in today's marketplace, they need and deserve creative thinking, new approaches and proven solutions to break through the clutter of poor communications pervading the market. Over the past few years, KCSA has worked with some of the most innovative new energy players in the industry. We have helped them build their brands, supported their business objectives and successfully assisted them in capital markets campaigns. We are launching an energy practice because we want to bring our experience, expertise and relationships to bear in a laser-focused manner to companies that need to break out of the morass of unsuccessful communications programs."
He added, "In formalizing our energy practice group, KCSA will employ the same cross-discipline structure that has made our firm a leading strategic communications firm. We bring our investor relations, public relations and integrated marketing services experience to the forefront of each client engagement, ensuring consistency of message regardless of the target audience or delivery mechanism. Our energy practice offers companies and organizations access to our network of external relationships, such as marketing and media consultants, institutional investors, lobbying partnerships and special entree to a variety of untraditional media platforms and providers."
The new group will be led by Lewis Goldberg, managing partner, who in his more than 10 years as a communications professional, has headed up and served on numerous accounts in the energy industry.
"KCSA is committed to helping consumers, investors and businesses better understand the capabilities of alternative fuel sources, sustainability products and energy efficient devices," said Mr. Goldberg. "We want our clients who work in such new energy sectors as geothermal, solar, biomass and wind to energy to be thought of in the same light as traditional market peers. While we know that 'alternative' is hot in the investing community, consumers want to know that their lights will turn on and their air conditioners will run, regardless of the source of power. Helping to demystify some of these sectors is where we have excelled in the past, and we want to broaden our client base to support their business objectives. We have learned first hand that once the economic benefits of 'alternative' energy sources are clearly understood, our clients achieve the right market valuation, appropriate market understanding and brand awareness that most smaller companies never achieve."
Dita Bronicki, president and chief executive of Ormat Technologies stated, "KCSA has been our Investors Relations partner since our IPO. Over the last few years they have proven their deep understanding of our business and the renewable energy markets, and we have found them to be very effective in assisting us in our investors relations programs."
Ron Lusk, chairman and chief executive officer of Lighting Science Group Corporation, a leading provider of energy efficient and environmentally responsible LED lighting solutions, offered his own viewpoint on the launch of the KCSA energy practice. "In the time we have worked with KCSA, we have found the firm to have a unique understanding of the energy efficient device marketplace," said Mr. Lusk. "KCSA has not only delivered world-class results for us, they have become deeply valued business partners who we consult with on areas that go beyond communications. Their access to top-tier media, the investment community and thought leaders has proven invaluable as we have begun to bring our LED lighting solutions to market."
Bob Walker, president and chief executive officer of Bixby Energy Systems, a biomass heating company added, "I love KCSA's drive and focus. In my experience, they are great at getting new energy products in front of the media and at generating significant coverage for the unique nature of that product."
Mr. Goldberg will manage the group in collaboration with Todd Fromer, managing partner, investor relations and Josh Altman, managing director, marketing services. For more information about KCSA's energy practice, contact Lewis Goldberg, at 212-896-1216, lgoldberg@kcsa.com, Todd Fromer, at 212-896-1215, tfromer@kcsa.com or Josh Altman at 212-896-1292, jaltman@kcsa.com.
About KCSA Worldwide
Now in its 38th year, KCSA Worldwide (http://www.kcsa.com/) is an integrated communications agency that helps clients synchronize their brand messages across investor relations, public relations and all other strategic marketing channels. The firm offers its clients a rare opportunity to achieve true brand alignment and develop close, meaningful relationships with their key audiences.
This release is available on the KCSA Worldwide Web site at http://www.kcsa.com/.
CONTACT: Lewis Goldberg / Todd Fromer
KCSA Worldwide
(212) 896-1216 / (212) 896-1215
lgoldberg@kcsa.com / tfromer@kcsa.com
KCSA Worldwide
CONTACT: Lewis Goldberg, +1-212-896-1216, lgoldberg@kcsa.com, or Todd Fromer, +1-212-896-1215, tfromer@kcsa.com, both of KCSA Worldwide
Web site: http://www.kcsa.com/
Cars.com Deploys Centive Compel via Salesforce.com's AppExchangeLeading Automotive Website Selects Centive via the AppExchange for Enterprise Sales Compensation Management to Drive Performance and Productivity of Its Sales Team
BURLINGTON, Mass. and SAN FRANCISCO, April 20 /PRNewswire-FirstCall/ -- Centive, the leader in on-demand strategic sales compensation management, and salesforce.com , the market and technology leader in on-demand business services, today announced that Cars.com has deployed Centive Compel via the AppExchange for an industry-leading solution for enterprise sales compensation management to drive the performance and productivity of its sales team. Cars.com builds on more than a dozen successful Centive customer wins via salesforce.com's AppExchange. Centive Compel is one of the most widely- used, on-demand sales compensation management solutions in the industry and is now available at http://www.salesforce.com/appexchange.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO )
With more than 13,000 local advertising clients, a robust national client roster and hundreds of advertising representatives, Cars.com is using Centive Compel to model, manage and optimize sales plans and sales effectiveness. Cars.com will keep its sales team aligned and motivated by providing actual commission earnings and key performance metrics via secure, interactive dashboards deployed within Salesforce.
"Centive Compel and the AppExchange was the clear choice for Cars.com," said Lisa Campbell, VP, CFO at Cars.com. "Deploying Compel via the AppExchange was incredibly fast and smooth. In fact, Centive and salesforce.com delivered in less time and for less cost than what was originally budgeted. Compel was the only on-demand solution that met our requirements for plan and payee modeling, plan management, support for our compliance initiatives and certified integration with Salesforce."
"Our strong presence on the AppExchange allows companies like Cars.com to quickly and easily benefit from the value of the integrated solution to drive performance and productivity in their sales teams," said Bob Conlin, Chief Marketing Officer at Centive. "This integration enables our customers' sales representatives and managers to leverage the power of Compel's interactive dashboards from within Salesforce."
Compel is an award-winning on-demand sales compensation management solution that automates the entire sales compensation process in one secure, centralized system. Compel goes beyond simply calculating accurate sales commission and bonus payments; it also provides strategic value by enabling customers to model and forecast commission expense, optimize plan effectiveness, and drive sales performance and top-line revenue growth.
"More than 7,500 customers have installed on-demand applications via the AppExchange, demonstrating tremendous adoption in just over a year of availability," said Matt Holleran, vice president, AppExchange partners, salesforce.com. "Industry-leading on-demand companies like Centive are seeing strong demand and adoption for their applications as salesforce.com customers use the AppExchange and the Apex platform to extend on-demand success to all areas of the enterprise."
Apex and the AppExchange
Apex is the on-demand platform for the next generation of business applications. Apex reinvents traditional customization and integration and enables a whole new generation of on-demand applications that go beyond CRM. All Apex components and applications can be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange directory, enabling all the innovation that Apex unleashes to benefit the entire on- demand community.
Centive Compel for AppExchange is one of more than 575 applications that are now available on salesforce.com's AppExchange, the world's first on-demand application directory, found at http://www.salesforce.com/appexchange.
The Apex on-demand platform is generally available today. The Apex programming language is available today for developer preview, and is currently scheduled to be available in beta to salesforce.com customers later in 2007.
About salesforce.com
Salesforce.com is the market and technology leader in on-demand business services. The company's Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand. Apex, the world's first on-demand platform, enables customers, developers and partners to build powerful new on-demand applications that extend beyond CRM to deliver the benefits of multi-tenancy and The Business Web across the enterprise. All Apex components and applications can be easily shared, exchanged and installed via salesforce.com's AppExchange directory, available at http://www.salesforce.com/appexchange. Customers can also take advantage of Successforce, salesforce.com's world-class training, support, consulting and best practices offerings.
As of January 31, 2007, salesforce.com manages customer information for approximately 29,800 customers and approximately 646,000 paying subscribers including Advanced Micro Devices (AMD), America Online (AOL), Avis Budget Group, Inc, Dow Jones Newswires, Polycom and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO- SOFTWARE.
NOTE: Salesforce.com is a registered trademark of salesforce.com, and Apex, AppExchange, The Business Web and Successforce are trademarks of salesforce.com, Inc., San Francisco, California. Other names used may be trademarks of their respective owners.
About Cars.com
Cars.com is the most comprehensive destination for those looking to buy or sell a new or used car. The site lists more than 2 million vehicles from 13,000 dealer customers, classified advertisers and private parties to offer consumers the best selection of new and used cars online, as well as the content, tools and advice to support their shopping experience. Recently selected by Forbes.com as a Best of the Web site for car shopping, Cars.com combines powerful inventory search tools and new-car configuration with pricing information, photo galleries, buying guides, side-by-side comparison tools, original editorial content and reviews to help millions of car shoppers connect with sellers each month.
Launched in June 1998, Cars.com is a division of Classified Ventures, LLC, which is owned by leading media companies, including Belo, Gannett Co., Inc., The McClatchy Company, Tribune Company and The Washington Post Company.
About Centive
Centive, headquartered in Burlington, MA, is the recognized leader in on- demand strategic sales compensation management. Companies use Centive Compel, hailed by CIO Magazine as the "most widely used choice for sales compensation management," to accurately model and forecast commission costs, calculate commission and bonus earnings and gain real-time visibility into sales performance metrics. Compel, a salesforce.com AppExchange certified solution, is a winner of the 2006 CODiE award for "Best Financial Software," the 2006 CRM Excellence award from Customer Inter@ction Solutions, and the 2007 CRM WizKids Award from Beagle Research. To learn more about Centive, please visit http://www.centive.com/ or call 1-877-CENTIVE.
NOTE: Compel and From Prospect to Paycheck are registered trademarks or trademarks of Centive, Inc. All other company or product names are or may be trademarks of their respective owners.
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salesforce.com, Inc.
CONTACT: Liz Bradley, Kel & Partners for Centive, +1-508-366-2099, ext. 119, or liz@kelandpartners.com; or Gordon Evans, Salesforce.com, +1-415-536-7608, or gevans@salesforce.com
Web site: http://www.salesforce.com/
Bull publiera son chiffre d'affaires du premier trimestre 2007 le 25 avril 2007
PARIS, April 20 /PRNewswire/ -- Bull publiera son chiffre d'affaires du premier trimestre 2007 le 25
avril 2007.
- Le communiqué de presse sera diffusé à 7h00.
- La conférence téléphonique pour les analystes et investisseurs débutera
à 14h00. Le communiqué de presse, ainsi que le diaporama qui servira du
support à la conférence seront accessibles sur le site Internet de Bull, dans
la section Investisseurs : http://www.bull.com/fr/investisseurs/
Les analystes et investisseurs souhaitant participer à la conférence
pourront téléphoner au numéro suivant :
+33-(0)1-70-99-32-12
Il est recommandé de se connecter 15 minutes avant le début de la
conférence téléphonique.
Une rediffusion de la conférence sera disponible sur le site Internet de
Bull peu de temps après la conclusion de celle-ci.
Relations Investisseurs :
Peter Campbell : Tel : +33-01-30-80-32-36
peter.campbell@bull.net
BULL
Relations Investisseurs : Peter Campbell : Tel : +33-01-30-80-32-36, peter.campbell@bull.net
Circuit City Teams with Napster to Launch New Digital Music Service; Circuit City + Napster Will ProvideExclusive Content and New Releases Weekly
RICHMOND, Va., April 20 /PRNewswire-FirstCall/ -- Building on the combination of strong offerings of both music CDs and MP3 players, Circuit City Stores, Inc. today announced that it is joining with Napster to offer a new digital music service, Circuit City + Napster, for consumers to explore and enjoy music.
The new service will be powered by Napster's award-winning digital music subscription service and will include all the same great music discovery and community features such as personalized recommendations, message boards, and the ability to browse other members' collections and share music and play lists. In addition, all customers at Circuit City + Napster will enjoy continuing access to exclusive songs and new releases on a weekly basis.
Starting April 29, 2007, consumers can sign up for Circuit City + Napster at http://www.circuitcity.com/napster and gain unlimited access to millions of songs on their PCs and compatible digital music devices for $14.95 per month. New subscribers will receive the first month of access free of charge, along with five free song downloads. Consumers will also find information about Circuit City + Napster and the introductory offer at Circuit City stores nationwide and on Circuitcity.com.
In addition to the unlimited access that digital music subscription empowers, Circuit City + Napster customers can purchase individual song downloads at 99-cents each. Pre-paid download cards can also be purchased in- store and online in bundles of 15, 25 or 60 tracks.
"Our goal with music and movies is to excite and inspire our customers to fully enjoy their portable and in-home electronics, and we're thrilled to enter this strategic relationship with Napster," said Irynne V. MacKay, Circuit City's senior vice president and general merchandise manager for entertainment. "Circuit City + Napster will offer our customers a new avenue to find, share and delight in music. Increasingly, consumers are turning to the digital environment for entertainment and this new service will give our customers easy access to the content they want, when and how they choose to enjoy it."
"We are delighted to create this new alliance with Circuit City which is one of the top destinations in the U.S. to learn about exciting, new digital entertainment products," said Chris Gorog, chairman & CEO of Napster. "Circuit City's strength both in consumer electronics and as a music retailer should be an ideal environment to introduce Napster's industry leading music subscription service."
To celebrate the new digital music service, Circuit City will host an event on April 29, coinciding with the annual meeting of the National Association of Recording Merchandisers.
About Circuit City:
Circuit City Stores, Inc. is a leading specialty retailer of consumer electronics and related services. The domestic segment operates through 643 Superstores and 12 other locations in 158 U.S. markets. The international segment operates through approximately 800 retail stores and dealer outlets in Canada. Circuit City also operates Web sites at http://www.circuitcity.com/, http://www.thesource.ca/ and http://www.firedog.com/.
About Napster:
Napster, the pioneer of digital music, offers the ultimate interactive music experience. With an expanding roster of offerings including free, Web- based music listening and sharing, subscription and portable subscription services, and an advanced mobile music platform, Napster creates better ways to discover, share, acquire and enjoy music -- anytime, anywhere. Napster is headquartered in Los Angeles, with offices in Frankfurt, Luxembourg, New York, San Diego, San Jose and Tokyo.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO )
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Circuit City Stores, Inc.
CONTACT: Jackie Foreman of Circuit City, +1-804-418-8298, jackie_foreman@circuitcity.com; or Becky Farina of Napster, +1-310-281-5005, becky.farina@napster.com
Web site: http://www.circuitcity.com/
Peerless Systems Announces Appointment of William B. Patton as Independent Director; President and CEO Rick Roll Also Appointed to Board
EL SEGUNDO, Calif., April 20 /PRNewswire-FirstCall/ -- Peerless Systems Corporation , a provider of advanced imaging and networking technologies and components to the digital document market, today announced that William B. Patton, Jr. has been appointed to the Company's board of directors effective April 17, 2007. Patton, 71, will serve as a member of the Audit Committee and the Nominating and Corporate Governance Committee, and as chairperson of the Compensation Committee.
Patton is a seasoned technology senior executive active in corporate directorships and private investing. He currently is a senior advisor to The Gores Group, LLC, a position he has held since March 2004. Over the same period, he has served as non-executive chairman of the board of Real Software Group, a public company located in Belgium, and as a member of the board of Proxicom, a private company; of both of which The Gores Group, LLC is a major shareholder.
Since July 2006, Mr. Patton also has been executive chairman of the management board of Four Star Acquisitions, a private company he founded. Prior to his semi-retirement in 1998, Patton served as executive chairman of the board of MicroOptical Devices, one of the world's leading developers of vertical cavity surface emitting laser technology. Prior to joining MicroOptical in 1996, Mr. Patton was an elected officer and one of the three members of the Office of President of Unisys Corporation and was chairman of Unisys' Federal Systems Group. Prior to that he served Unisys as senior vice president.
Active in civic and professional organizations, Patton is a co-founder of the United States Academic Decathlon. He also has served on two not-for-profit boards: the board of trustees of the University of Missouri at Rolla from 2003 to the present, and as an "Ambassador" member of the Foundation Board of the University of California, Irvine, from 1984 to 2006. He holds an A.B. in business from Santa Monica City College, a bachelor of science in engineering from the University of Missouri at Rolla, and has completed the Program for Management Development at Harvard University and a post-graduate program at Brookings Institute in Washington, D.C.
Patton fills a vacancy created by the resignation of Thomas G. Rotherham, who resigned from the Peerless board and Audit Committee, effective December 31, 2006. As a result of the appointment of Mr. Patton to the board of directors and the Audit Committee, Peerless has been advised by Nasdaq that it has regained compliance with Nasdaq's audit committee composition requirement under Rule 4350(d)(2)(A).
Peerless also announced that Richard L. Roll, president and chief executive officer, will serve as a director of the Company effective April 17, 2007. Roll replaces Howard J. Nellor, who resigned as a director effective as of April 16, 2007. Mr. Nellor is the former president and CEO of Peerless, and served as a director beginning in November 2000. He will continue as a consultant to the Company pursuant to a consulting agreement entered into on December 15, 2006.
"Bill Patton possesses a wealth of public company and technology-related experience, and we look forward to his contributions on Peerless' board," Roll said. "I am pleased to be joining Bill and our other talented directors as we help chart the Company's long-term direction. I want to express my gratitude to Howard Nellor for his many contributions during his tenure on the board, and I look forward to his assistance as a company consultant going forward."
Peerless Systems Corporation
Founded in 1982, Peerless Systems Corporation is a provider of imaging and networking technologies and components to the digital document markets, which include manufacturers of color, monochrome and multifunction office products and digital appliances. In order to process digital text and graphics, digital document products rely on a core set of imaging software and supporting electronics, collectively known as an imaging controller. Peerless' broad line of scalable software and silicon offerings enables its customers to shorten their time-to-market and reduce costs by offering unique solutions for multiple products. Peerless' customer base includes companies such as Canon, IBM, Konica Minolta, Kyocera Mita, Lenovo, OkiData, Ricoh, RISO, Seiko Epson and Xerox. Peerless also maintains strategic partnerships with Adobe and Novell. For more information, visit Peerless' web site at http://www.peerless.com/.
Safe Harbor Statement Under The U.S. Private Securities Litigation Reform Act Of 1995
Statements made by us in this press release that are not historical facts constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21 of the Securities Exchange Act of 1934. These forward-looking statements are necessarily estimates reflecting the best judgment of our senior management based on our current estimates, expectations, forecasts and projections and include comments that express our current opinions about trends and factors that may impact future operating results. Statements that use words such as we "believe," "anticipate," "estimate," "intend," "could," "plan," "expect," "project" or the negative of these, as well as similar expressions, are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, the statement that Mr. Patton will serve as a member of the Audit Committee and the Nominating and Governance Committee, and as Chairperson of the Compensation Committee. These statements are not guarantees of future performance, rely on a number of assumptions concerning future events, many of which are outside of our control, and involve known and unknown risks and uncertainties that could cause our actual results, performance or achievements, or industry results, to differ materially from any future results, performance or achievements, expressed or implied by such forward-looking statements.
The above risks, and others, are described in further detail in our reports filed with the Securities and Exchange Commission, including, but not limited to, those described under "Item 1A. Risk Factors" in our most recent Annual Report on Form 10-K for the fiscal year ended January 31, 2007, filed on April 13, 2007.
Current and prospective stockholders are urged not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We are under no obligation, and expressly disclaim any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. All forward-looking statements contained herein are qualified in their entirety by the foregoing cautionary statements.
Peerless Systems Corporation
CONTACT: John Rigali, Chief Financial Officer of Peerless Systems Corporation, +1-310-297-3172; or Investors, Geoff High of Pfeiffer High Investor Relations, Inc., +1-303-393-7044, for Peerless Systems Corporation
Web site: http://www.peerless.com/
Vyyo Names Rich Bilotti, Wall Street's Cable and Media Forward Thinker, to Board of Directors
NORCROSS, Ga., April 20 /PRNewswire-FirstCall/ -- Vyyo , a supplier of broadband access equipment for cable system operators, announced today that former Morgan Stanley analyst Richard Bilotti has accepted a seat on Vyyo's board of directors.
Bilotti, a leading analyst covering the cable television and entertainment sectors, retired earlier this year after 13 years as executive director and then managing director with Morgan Stanley. With Morgan Stanley, he was at the forefront of working with the operator and vendor communities to evaluate the costs and benefits of technologies that would help the cable industry improve its competitive position. Over the past several years, Bilotti has written extensively about how increased bandwidth investment can help cable compete with satellite and telcos, particularly in the delivery of high- definition programming, as well as support advanced data services. He replaces John Griffin, who has retired after seven and a half years on the Vyyo board.
"Rich has earned the highest levels of respect within the cable community for his keen grasp of the technological, business and regulatory challenges and opportunities that are in front of the industry," said Davidi Gilo, chairman of the board of directors of Vyyo. "We believe that his insights, his analytical thinking and his understanding of the needs of our customers and partners will be invaluable in helping us to demonstrate the value of our spectrum overlay and business services solutions.
"At the same time that we welcome Rich to our board, I would like to express my highest gratitude to John Griffin for his help in guiding the company as it defined its new strategy," Gilo continued. "John's many years of management experience and leadership in targeted markets were an immense resource to Vyyo's board."
Prior to joining Morgan Stanley in 1994, Bilotti was a high-yield fixed- income analyst specializing in cable television at Grantchester Securities. He also worked at Prudential Bache Securities, L.F. Rothschild, and Kidder, Peabody as a high-yield analyst, focusing on the communications and transportation industries. Bilotti holds a B.S. in Economics, Magna Cum Laude from the Wharton School of the University of Pennsylvania.
About Vyyo Inc.
Cable operators get more from their networks with Vyyo. Vyyo products designed for use by cable television operators include spectrum overlay solutions designed to expand cable operators' typical HFC (hybrid-fiber coax) network capacity in the "last mile" and business services solutions that can help operators meet the needs of small/medium-sized enterprises using existing cable plant. Spectrum overlay increases bandwidth by up to 2x in the downstream and 4x or more in the upstream, addressing requirements for advanced residential and business services. For more information, please visit http://www.vyyo.com/.
Safe Harbor Statement
Statements made in this press release relating to the future, including those related to the opportunities created for our customers given our ability to provide spectrum overlay solutions and our ability to dramatically increase upstream and downstream bandwidth, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our business and results of operations to differ materially from those expressed or implied by such forward-looking statements. Risks that may cause these forward-looking statements to be inaccurate include among others: whether we will be able to accelerate the movement from development stage to deployment and establish meaningful commercial relationships with cable system operators; the current limited visibility available in the telecommunications and broadband access equipment markets; the willingness and ability of operators to adopt our new technology and apply it in a manner that meets customer demands; our ability to produce and distribute our spectrum overlay and T1 solutions in the quantities, and with the quality control, desired by the market; and other risks set forth in our annual report on Form 10-K for the year ended December 31, 2006, our quarterly reports on Form 10-Q and other reports filed by us with the Securities and Exchange Commission from time to time. We assume no duty to update these statements.
NOTE: All trademarks mentioned herein are the property of their respective owners.
Vyyo Inc.
CONTACT: PUBLIC RELATIONS: Paul Schneider, Paul Schneider Public Relations, Inc., (w) +1-215-702-9784, or (m) +1-215-817-4384, or pspr@att.net; or INVESTOR RELATIONS: Walt Ungerer, VP, Corporate Communications, Vyyo Inc., +1-678-488-0468, or ir@vyyo.com
Web site: http://www.vyyo.com/
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