Companies news of 2007-06-27 (page 3)
CommScope Raises Second Quarter 2007 Guidance
LBSU, PLM and ASIA Update the Investment Community in All-new Interviews With WallSt.net
AeroMechanical Services Ltd. CFO Featured in Exclusive Interview with WallSt.net
CommScope to Acquire Andrew for $2.6 BillionExpands CommScope's Global Leadership in...
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CommScope Raises Second Quarter 2007 Guidance
HICKORY, N.C., June 27 /PRNewswire-FirstCall/ -- CommScope, Inc. , a global leader in infrastructure solutions for communications networks, today raised its financial guidance for the second quarter of 2007.
For the second quarter of 2007, CommScope expects revenue to be $500 - $510 million. Due to the continued execution of the company's strategy to reduce costs, favorable market conditions and increased demand for bandwidth, CommScope now expects its operating margin for the second quarter of 2007 to be 15% - 16%, excluding special items. The company previously expected to report revenue of $490 - $510 million and operating margin of 14.5% - 15.5%, excluding special items.
CommScope also reconfirmed its calendar year 2007 financial guidance. As previously announced on April 26, 2007, the company expects calendar year 2007 revenue to be in the range of $1.84 - $1.89 billion and operating margin to be in the range of 13.5% - 14.5%, excluding special items.
CommScope expects to announce its financial results for the second quarter of 2007 at the end of July.
In a separate announcement today, CommScope and Andrew Corporation announced that the companies have entered into a definitive agreement, unanimously approved by their respective Boards of Directors, under which CommScope will acquire all of the outstanding shares of Andrew for $15.00 per share, at least 90 percent in cash, creating a global leader in infrastructure solutions for communications networks. The companies expect to close the transaction by the end of 2007, subject to completion of customary closing conditions.
About CommScope
CommScope, Inc. is a world leader in infrastructure solutions for communication networks. Through its SYSTIMAX(R) Solutions(TM) and Uniprise(R) Solutions brands CommScope is the global leader in structured cabling systems for business enterprise applications. It is also the world's largest manufacturer of coaxial cable for Hybrid Fiber Coaxial applications and one of the leading North American providers of environmentally secure cabinets for DSL and FTTN 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.
Forward-Looking Statements
This press release contains forward-looking statements regarding, among other things, the proposed business combination between CommScope and Andrew and the anticipated consequences and benefits of such transaction, and other financial and operational items relating to CommScope and Andrew. Statements made in the future tense, and statements using words such as "intend," "goal," "estimate," "expect," "expectations," "project," "projections," "plans," "anticipates," "believe," "think," "confident" and "scheduled" and similar expressions are intended to identify forward-looking statements. Forward- looking statements are not a guarantee of performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and are beyond the control of CommScope or Andrew. These risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward-looking statements, and therefore should be carefully considered. Relevant risks and uncertainties relating to the proposed transaction include, but are not limited to: the fact that Andrew may be required to write off a portion of the $412 million of Base Station Subsystems goodwill as a non-cash charge to earnings as reported in Andrew's quarterly report on Form 10-Q for the period ended March 31, 2007; the risk that required regulatory review and approval may not be obtained in a timely manner, if at all; Andrew's shareholders may not approve the proposed transaction; the anticipated benefits and synergies of the proposed transaction may not be realized; the integration of Andrew's operations with CommScope could be materially delayed or may be more costly or difficult than expected; the proposed transaction may not be consummated; legal proceedings may be commenced by or against CommScope or Andrew. Relevant risks and uncertainties generally applicable to CommScope and Andrew include, but are not limited to: changes in cost and availability of key raw materials and the ability to recover these costs from customers through price increases; customer demand for products and the ability to maintain existing business alliances with key customers or distributors; the risk that internal production capacity and that of contract manufacturers may be insufficient to meet customer demand for products; the risk that customers might cancel orders placed or that orders currently placed may affect order levels in the future; continuing consolidation among customers; competitive pricing and acceptance of products; industry competition and the ability to retain customers through product innovation; possible production disruption due to supplier or contract manufacturer bankruptcy, reorganization or restructuring; successful ongoing operation of our vertical integration activities; ability to achieve expected sales, growth and earnings goals; costs of protecting or defending intellectual property; ability to obtain capital on commercially reasonable terms; regulatory changes affecting us or the industries we serve. For a more complete description of factors that could cause such a difference, please see CommScope's filings with the Securities and Exchange Commission (SEC), which are available on CommScope's website or at http://www.sec.gov/, and Andrew's filings with the SEC, which are available on Andrew's website or at http://www.sec.gov/. In providing forward-looking statements, neither CommScope nor Andrew intends, and neither undertakes any duty or obligation, to update these statements as a result of new information, future events or otherwise.
Additional Information
In connection with the proposed merger, CommScope intends to file a registration statement with the SEC on Form S-4 and CommScope and Andrew expect to mail a proxy statement/prospectus to Andrew's stockholders containing information about the merger. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND THE PROXY STATEMENT/PROSPECTUS CAREFULLY WHEN THEY ARE AVAILABLE.
The registration statement and the proxy statement/prospectus will contain important information about CommScope, Andrew, the merger, and related matters. Investors and security holders will be able to obtain free copies of these documents through the web site maintained by the SEC at http://www.sec.gov/. In addition to the registration statement and the proxy statement/prospectus, CommScope and Andrew file annual, quarterly, and special reports, proxy statements, and other information with the SEC. Printed copies of these documents can also be obtained free of charge (other than a reasonable duplicating charge for exhibits to our reports on Form 10-K, Form 10-Q and Form 8-K) by any stockholder who requests them from either CommScope's or Andrew's Investor Relations Department:
Investor Relations
CommScope, Inc.
1100 CommScope Place, SE
P.O. Box 339
Hickory, North Carolina 28602 U.S.A.
Phone: 1-828-324-2200
Fax: 1-828-982-1708
E-mail: investor.relations@commscope.com
Investor Relations
Andrew Corporation
3 Westbrook Corporate Center
Suite 900
Westchester, Illinois 60154 U.S.A.
Phone: 1-800-232-6767 or 1-708-236-6616
Fax: 1-708-492-3774
E-mail: GlbWWW-Contact-InvestRelations@andrew.com
CommScope, Andrew and their respective directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from Andrew stockholders in connection with the proposed transaction. Information about CommScope's directors and executive officers and their ownership of CommScope common stock is set forth in the definitive proxy statement for CommScope's 2007 annual meeting of stockholders, as filed by CommScope with the SEC on Schedule 14A on March 16, 2007. Information about Andrew's directors and executive officers and their ownership of Andrew common stock is set forth in the definitive proxy statement for Andrew's 2007 annual meeting of stockholders, as filed by Andrew with the SEC on Schedule 14A on December 29, 2006. Other information regarding the participants in the proxy solicitation will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available.
Contact:
Phil Armstrong
Investor Relations & Corporate Communications
+1-828-323-4848
phil.armstrong@commscope.com
CommScope, Inc.
CONTACT: Phil Armstrong, Investor Relations & Corporate Communications for CommScope, Inc., +1-828-323-4848, phil.armstrong@commscope.com
Web site: http://www.commscope.com/
LBSU, PLM and ASIA Update the Investment Community in All-new Interviews With WallSt.net
NEW YORK, June 27 /PRNewswire/ -- On June 1, James Briscoe, CEO of Liberty Star Uranium and Metals Corp. (BULLETIN BOARD: LBSU) (http://www.libertystaruranium.com/) updated the investment community in an all-new interview with http://www.wallst.net/. Interview highlights include detailed discussions on the following topics:
-- the company's working interest properties, and their potential
-- discovering new targets at the company's working interest properties,
and uranium production potential
-- recently secured $4 million financing
-- the company's focus on uranium exploration
-- joint ventures
-- upcoming development milestones for investors to watch for
To hear the interview in its entirety, and to read an in-depth report on the company, visit http://www.wallst.net/superstocks/superstocks_profile.asp?ticker=lbsu
On June 8, Douglas Newby, Chief Financial Officer for Polymet Mining Corp. (http://www.polymetmining.com/) updated the investment community in an all-new interview with http://www.wallst.net/. Interview highlights include detailed discussions on the following topics:
-- timeline for construction phase to commence
-- commodities trends bolstering the company's growth prospects
-- benefits of being located in northern Minnesota
-- reasons the company "is very well positioned" to benefit from industry
trends
-- revenue projections for production estimates
-- upcoming milestones for investors to watch for
To hear the interview in its entirety, and to read an in-depth article on the company, visit http://www.wallst.net/editorials/article.asp?id=724
On June 25, Kevin Ma, General Manager of Marketing for AsiaInfo Holdings, Inc. (http://www.asiainfo.com.cn/) updated the investment community in an all-new interview with http://www.wallst.net/. Interview highlights include detailed discussions on the following topics:
-- why the company's business intelligence solutions are well-suited for
the Chinese mobile market
-- other industry trends bolstering the company's growth prospects
-- plans to expand the company's global footprint
-- relationships with China's largest telecom operators
-- reasons the company has a competitive edge
-- upcoming milestones for investors to watch for
To hear the interview in its entirety, visit http://www.wallst.net/audio/audio.asp?ticker=ASIA&id=3543
About WallSt.net:
http://www.wallst.net/ is owned and operated by WallStreet Direct, Inc., a wholly owned subsidiary of Financial Media Group, Inc. (http://www.financialmediagroupinc.com/). The Web site is a leading provider of timely business news, executive interviews, multimedia content, and research tools. Financial Media Group, Inc. also owns http://www.mywallst.net/, a financial social network for investors, and Financial Filings Corp. (http://www.financialfilings.com/), a provider of media and compliance solutions to publicly traded companies. In addition to WallSt.net, WallStreet Direct, Inc. owns and operates WallStRadio (http://www.wallstradio.com/), a business and finance podcast Web site. We have received three thousand four hundred thirty dollars from Liberty Star Uranium and Metals Corp. for media and advertising services. For a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.asp .
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CONTACT: Nick Iyer of Digital Wall Street, Inc., +800-4-WALL-ST
Web site: http://www.asiainfo.com.cn/
Web site: http://www.libertystaruranium.com/
Web site: http://www.wallst.net/
AeroMechanical Services Ltd. CFO Featured in Exclusive Interview with WallSt.net
NEW YORK, June 27 /PRNewswire/ -- On June 18, William Tempany, Chief Financial Officer of AeroMechanical Services Ltd. (TSX.V: AMA) (http://www.amscanada.com/) updated the investment community in an all-new interview with http://www.wallst.net/. Topics covered in the interview include an overview of the company and its growth strategy, recent press releases, market opportunity, and upcoming milestones investors should watch for.
To hear the interview in its entirety, visit http://www.wallst.net/, and click on "Interviews." The interview can be accessed either by locating the company's ticker symbol under the appropriate exchange on the left-hand column of the "Interviews" section of the site, or by entering the company's ticker symbol in the Search Archive window.
About AeroMechanical Services:
AeroMechanical Services Ltd. provides proprietary technologies and services designed to reduce costs and improve efficiencies in the airline industry. The corporation has successfully commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology Automated Flight Information Reporting System (AFIRS) and UpTime allows airlines to monitor and manage aircraft operations in real time, all the time, anywhere on the planet.
About WallSt.net:
http://www.wallst.net/ is owned and operated by WallStreet Direct, Inc., a wholly owned subsidiary of Financial Media Group, Inc. (http://www.financialmediagroupinc.com/). The Web site is a leading provider of timely business news, executive interviews, multimedia content, and research tools. Financial Media Group, Inc. also owns http://www.mywallst.net/, a financial social network for investors, and Financial Filings Corp. (http://www.financialfilings.com/), a provider of media and compliance solutions to publicly traded companies. In addition to WallSt.net, WallStreet Direct, Inc. owns and operates WallStRadio (http://www.wallstradio.com/), a business and finance podcast Web site. We are expecting to receive two hundred eighty dollars from AeroMechanical Services Ltd. for the dissemination of this press release. For a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.asp.
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CONTACT: Nick Iyer of WallSt.net, 1-800-4-WALLST
Web site: http://www.wallst.net/ http://www.amscanada.com/ http://www.financialmediagroupinc.com/ http://www.mywallst.net/ http://www.wallstradio.com/
CommScope to Acquire Andrew for $2.6 BillionExpands CommScope's Global Leadership in Infrastructure Solutions for Communications NetworksExpected to be Accretive to CommScope's Cash Earnings per Share, Excluding Special Items, in First Full Year after Closing
HICKORY, N.C. and WESTCHESTER, Ill., June 27 /PRNewswire-FirstCall/ -- CommScope, Inc. and Andrew Corporation today announced that the companies have entered into a definitive agreement, unanimously approved by their respective Boards of Directors, under which CommScope will acquire all of the outstanding shares of Andrew for $15.00 per share, at least 90 percent in cash, creating a global leader in infrastructure solutions for communications networks.
The transaction, which is valued at approximately $2.6 billion, is expected to be accretive to CommScope's cash earnings per share, excluding special items, in the first full year after closing. The $15.00 per share purchase price represents a premium of approximately 13 percent over Andrew's average closing share price for the last 30 trading days, a 21 percent premium over Andrew's average closing share price for the last 60 trading days, and a 16 percent premium over the closing price of Andrew's common stock on Tuesday, June 26, 2007, the last trading day prior to this announcement.
Key Strategic Benefits of the Transaction
The combined company will be a global leader in infrastructure solutions for communications networks, including structured cabling solutions for the business enterprise; broadband cable and apparatus for cable television applications; and antenna and cable products, base station subsystems, coverage and capacity systems, and network solutions for wireless applications. The combination of the companies' respective operations is expected to result in meaningful operating, cost and sales synergies, and other important benefits to shareholders, customers and employees, including:
- Building upon complementary global product offerings that will provide
customers with a broader array of infrastructure solutions for video,
voice, data and mobility;
- Expanding global distribution and manufacturing capabilities;
- Enhancing growth opportunities by combining marquee brands, innovative
technologies, and global service models;
- Strengthening industry-leading R&D and intellectual property portfolio;
- Affording scale in procurement, logistics and manufacturing in an
increasingly competitive market;
- Diversifying top-tier customer base; and
- Providing greater opportunities for employees as part of a larger, more
diversified global corporation.
Based on CommScope's and Andrew's results for fiscal year 2006, on a pro forma basis, the combined companies would have had sales of approximately $3.8 billion comprised of approximately 35 percent in wireless antenna and cable products; 29 percent in carrier and network solutions; 21 percent in enterprise products; and 15 percent in broadband/cable television solutions. The combined companies' revenues on a geographic basis would have been approximately 57 percent in North America; 24 percent in Europe, the Middle East and Africa; 12 percent in Asia/Pacific Rim; and 7 percent in Latin America. The combined company will have more than 2,200 global patents and pending patent applications and approximately 16,000 employees serving more than 130 countries.
"We are pleased to have reached this agreement with Andrew, which we believe is extremely beneficial to the shareholders of both companies," said Frank M. Drendel, Chairman and Chief Executive Officer of CommScope. "By combining CommScope and Andrew, we are enhancing CommScope's position as a worldwide leader in 'last mile' solutions. Combining our innovative technologies, premier brands and a top-tier customer base, we will expand our global service model and create an enhanced offering of communications infrastructure solutions that addresses a broader spectrum of customer needs. With the acquisition of Andrew, we are advancing CommScope's stated global strategy and creating important cost reduction and growth opportunities that we believe will drive increased shareholder value."
Mr. Drendel continued, "We are also pleased to welcome Andrew's talented and dedicated employees to the CommScope team. We intend to invest in the combined business for profitable growth, and the employees of both companies will be important to our continued success. CommScope is a proven and successful integrator of strategic transactions and we expect to begin realizing the benefits of this combination immediately after the transaction closes and enjoy them fully over the next few years."
"We believe that the combination of Andrew and CommScope creates a strong company with long-term advantages for our customers and employees," said Ralph Faison, President and Chief Executive Officer of Andrew Corporation. "Our two companies fit together strategically with leading complementary product offerings and geographical strengths. This transaction provides our shareholders with a significant cash premium and offers our global employees an even more promising future as part of a larger and more diversified company. We are excited to unite the strengths of Andrew and CommScope and further expand our range of services to the benefit of our many customers around the world."
Cost Savings and Revenue Synergies
Given CommScope's track record of successfully integrating acquisitions, manufacturing discipline and commitment to operational excellence, the combined company expects to generate substantial annual pretax cost savings, excluding one-time transition items, of approximately $90 million to $100 million in the second full year after completion of the transaction, of which approximately $50 million to $60 million are expected to be achieved in the first full year after completion. The cost savings are expected to come from a combination of procurement savings, rationalization of duplicate locations, streamlining overhead and integration of infrastructure, and building upon best practices in technology and manufacturing. No assurance can be given that these cost savings can be achieved in the amounts or during the periods predicted. Transition cash costs are expected to total approximately $70 million to $80 million in the first two years after completion.
CommScope has also identified potential revenue synergies, including expected benefits from the combination of Andrew's industry-leading in- building wireless products with CommScope's global leadership in the Enterprise market. In addition, CommScope sees the potential to increase sales of its integrated cabinet solutions through Andrew's leading global channel to wireless carriers as well as opportunities to expand broadband connectivity product offerings.
Following the close of the transaction, Andrew will become a wholly-owned subsidiary of CommScope. Frank Drendel will remain Chairman and CEO of CommScope, and CommScope will retain its global headquarters in Hickory, North Carolina. The combined company also plans to maintain its Chicago-area presence, exemplified by building upon Andrew's state-of-the-art manufacturing and office facility in Joliet, Illinois.
Terms, Financing and Capital Structure
Under the terms of the agreement, each share of Andrew common stock will be converted into $15.00, comprised of $13.50 per share in cash and an additional $1.50 per share in either cash, CommScope common stock, or a combination of cash and CommScope common stock totaling $1.50 per share, at CommScope's option.
If CommScope determines to pay the $1.50 portion of the purchase price entirely in CommScope common stock, each share of Andrew common stock would be converted into $13.50 in cash, plus a fraction of a share of CommScope common stock equal to $1.50 divided by the volume weighted average of the closing sale price of CommScope common stock over the ten consecutive trading days ending two trading days prior to the closing date of the merger.
The total transaction value is approximately $2.6 billion, based on Andrew's estimated 176 million shares outstanding on a fully diluted basis, which includes shares associated with Andrew's existing convertible notes.
CommScope expects to fund the cash portion of the purchase price through a combination of new credit facilities and available cash on hand. CommScope has obtained customary fully underwritten debt financing commitment letters from Bank of America and Wachovia Bank, N.A. (and their respective affiliates).
Following completion of the transaction, CommScope plans to reduce leverage by continuing to grow its historically strong cash flow, improving the combined company's operational performance, and by identifying and selectively divesting non-core or underperforming assets during the first year after completion. CommScope expects to grow its earnings per share through a combination of increased top-line performance, operational improvements and debt reduction.
Approvals and Timing
The companies expect to close the transaction by the end of 2007, subject to completion of customary closing conditions, including effectiveness of a registration statement on Form S-4, approval by Andrew's shareholders, clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and any other applicable laws or regulations. The transaction is not conditioned on receipt of financing by CommScope.
Advisors
Banc of America Securities LLC is acting as financial advisor to CommScope and Duff & Phelps LLC provided a fairness opinion to CommScope. Fried, Frank, Harris, Shriver & Jacobson LLP, Baker & McKenzie LLP and Robinson, Bradshaw & Hinson, P.A. are acting as CommScope's legal counsel. Citi is acting as the primary financial advisor to Andrew, and Merrill Lynch provided a fairness opinion. Mayer, Brown, Rowe & Maw LLP is acting as Andrew's primary outside legal counsel.
Conference Call Information
CommScope and Andrew executives will discuss the transaction with analysts and investors on a conference call today at 10:00 a.m. ET (9:00 a.m. CT). To participate in the conference call, please dial 1-888-802-8577 (U.S. dial-in) or +1-973-935-8754 (international dial-in). The conference ID number is: 8957647. Please dial in 10-15 minutes before the start of the call to facilitate a timely connection. A live webcast of the call will be available to all interested parties on CommScope's and Andrew's websites at http://www.commscope.com/ (under "Investor Relations") and http://www.andrew.com/ (under "Investors"). Accompanying slides will be available on CommScope's and Andrew's websites.
For those unable to listen to the live conference call, a telephone replay will be available at 1-877-519-4471 (U.S. dial-in) or +1-973-341-3080 (international dial-in). The conference ID number for the replay is: 8957647. The telephone replay will be available beginning June 28, 2007 at 8:00 am ET through July 6, 2007 at 11:59 pm ET.
About CommScope
CommScope, Inc. is a world leader in infrastructure solutions for communication networks. Through its SYSTIMAX(R) Solutions(TM) and Uniprise(R) Solutions brands CommScope is the global leader in structured cabling systems for business enterprise applications. It is also the world's largest manufacturer of coaxial cable for Hybrid Fiber Coaxial applications and one of the leading North American providers of environmentally secure cabinets for DSL and FTTN 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.
About Andrew
Andrew Corporation designs, manufactures and delivers innovative and essential equipment and solutions for the global communications infrastructure market. The company serves operators and original equipment manufacturers from facilities in 35 countries. Andrew (http://www.andrew.com/), headquartered in Westchester, Ill., is an S&P MidCap 400 company founded in 1937.
Forward-Looking Statements
This press release contains forward-looking statements regarding, among other things, the proposed business combination between CommScope and Andrew and the anticipated consequences and benefits of such transaction, and other financial and operational items relating to CommScope and Andrew. Statements made in the future tense, and statements using words such as "intend," "goal," "estimate," "expect," "expectations," "project," "projections," "plans," "anticipates," "believe," "think," "confident" and "scheduled" and similar expressions are intended to identify forward-looking statements. Forward- looking statements are not a guarantee of performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and are beyond the control of CommScope or Andrew. These risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward-looking statements, and therefore should be carefully considered. Relevant risks and uncertainties relating to the proposed transaction include, but are not limited to: the fact that Andrew may be required to write off a portion of the $412 million of Base Station Subsystems goodwill as a non-cash charge to earnings as reported in Andrew's quarterly report on Form 10-Q for the period ended March 31, 2007; the risk that required regulatory review and approval may not be obtained in a timely manner, if at all; Andrew's shareholders may not approve the proposed transaction; the anticipated benefits and synergies of the proposed transaction may not be realized; the integration of Andrew's operations with CommScope could be materially delayed or may be more costly or difficult than expected; the proposed transaction may not be consummated; legal proceedings may be commenced by or against CommScope or Andrew. Relevant risks and uncertainties generally applicable to CommScope and Andrew include, but are not limited to: changes in cost and availability of key raw materials and the ability to recover these costs from customers through price increases; customer demand for products and the ability to maintain existing business alliances with key customers or distributors; the risk that internal production capacity and that of contract manufacturers may be insufficient to meet customer demand for products; the risk that customers might cancel orders placed or that orders currently placed may affect order levels in the future; continuing consolidation among customers; competitive pricing and acceptance of products; industry competition and the ability to retain customers through product innovation; possible production disruption due to supplier or contract manufacturer bankruptcy, reorganization or restructuring; successful ongoing operation of our vertical integration activities; ability to achieve expected sales, growth and earnings goals; costs of protecting or defending intellectual property; ability to obtain capital on commercially reasonable terms; regulatory changes affecting us or the industries we serve. For a more complete description of factors that could cause such a difference, please see CommScope's filings with the Securities and Exchange Commission (SEC), which are available on CommScope's website or at http://www.sec.gov/, and Andrew's filings with the SEC, which are available on Andrew's website or at http://www.sec.gov/. In providing forward-looking statements, neither CommScope nor Andrew intends, and neither undertakes any duty or obligation, to update these statements as a result of new information, future events or otherwise.
Additional Information
In connection with the proposed merger, CommScope intends to file a registration statement with the SEC on Form S-4 and CommScope and Andrew expect to mail a proxy statement/prospectus to Andrew's stockholders containing information about the merger. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND THE PROXY STATEMENT/PROSPECTUS CAREFULLY WHEN THEY ARE AVAILABLE.
The registration statement and the proxy statement/prospectus will contain important information about CommScope, Andrew, the merger, and related matters. Investors and security holders will be able to obtain free copies of these documents through the web site maintained by the SEC at http://www.sec.gov/. In addition to the registration statement and the proxy statement/prospectus, CommScope and Andrew file annual, quarterly, and special reports, proxy statements, and other information with the SEC. Printed copies of these documents can also be obtained free of charge (other than a reasonable duplicating charge for exhibits to our reports on Form 10-K, Form 10-Q and Form 8-K) by any stockholder who requests them from either CommScope's or Andrew's Investor Relations Department:
Investor Relations
CommScope, Inc
1100 CommScope Place, SE
P.O. Box 339
Hickory, North Carolina 28602 U.S.A.
Phone: 1-828-324-2200
Fax: 1-828-982-1708
E-mail: investor.relations@commscope.com
Investor Relations
Andrew Corporation
3 Westbrook Corporate Center
Suite 900
Westchester, Illinois 60154 U.S.A.
Phone: 1-800-232-6767 or 1-708-236-6616
Fax: 1-708-492-3774
E-mail: GlbWWW-Contact-InvestRelations@andrew.com
CommScope, Andrew and their respective directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from Andrew stockholders in connection with the proposed transaction. Information about CommScope's directors and executive officers and their ownership of CommScope common stock is set forth in the definitive proxy statement for CommScope's 2007 annual meeting of stockholders, as filed by CommScope with the SEC on Schedule 14A on March 16, 2007. Information about Andrew's directors and executive officers and their ownership of Andrew common stock is set forth in the definitive proxy statement for Andrew's 2007 annual meeting of stockholders, as filed by Andrew with the SEC on Schedule 14A on December 29, 2006. Other information regarding the participants in the proxy solicitation will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available.
Contacts:
For CommScope For Andrew
Investor Relations: Investor Relations:
Phil Armstrong Lisa Fortuna
Investor Relations & Corporate Director of Investor Relations
Communications Telephone: +1 (708) 236-6507
Telephone: +1 (828) 323-4848 Email: lisa.fortuna@andrew.com
Email: phil.armstrong@commscope.com
Media Relations: Media Relations:
Matthew Sherman / Jeremy Jacobs Rick Aspan
Joele Frank, Wilkinson Brimmer Director of Public Relations
Katcher Telephone: +1 (708) 236-6568
Telephone: +1 (212) 355-4449 Email: publicrelations@andrew.com
Email: msherman@joelefrank.com /
jjacobs@joelefrank.com
CommScope, Inc.
CONTACT: For CommScope: Investor Relations: Phil Armstrong, Investor Relations & Corporate Communications, +1-828-323-4848, phil.armstrong@commscope.com, or Media Relations: Matthew Sherman, msherman@joelefrank.com, or Jeremy Jacobs, jjacobs@joelefrank.com, both of Joele Frank, Wilkinson Brimmer Katcher, +1-212-355-4449; For Andrew: Investor Relations: Lisa Fortuna, Director of Investor Relations, +1-708-236-6507, lisa.fortuna@andrew.com, or Media Relations: Rick Aspan, Director of Public Relations, +1-708-236-6568, publicrelations@andrew.com
Web site: http://www.commscope.com/ http://www.andrew.com/
Savi Networks and Emprevi 'Go Live' With Automated Network That Secures and Tracks Colombian Cargo ShipmentsRadio Frequency Identification (RFID)-based Information Network Improves Supply Chain Security, Visibility, and Management
BOGOTA, Colombia, June 27 /PRNewswire-FirstCall/ -- During ceremonies yesterday sponsored by the U.S. Embassy, Savi Networks and Emprevi Ltda. officially launched the first Radio Frequency Identification (RFID)-based information network operating in South America that automatically tracks the location and security status of cargo shipments from in-country factories to sea ports. The event signified the transition from a pilot testing phase to full operational production of the information network.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060109/NYM086LOGO )
Emprevi, a Colombia-based provider of logistics and security services for major importers and exporters, contracted with Savi Networks to build the information network. The network extends between Emprevi's customers' manufacturing facilities, intermediate transportation checkpoints and ports. Real-time "actionable visibility" provided by Savi's web-hosted, transportation security software helps to cut administrative costs, improve inventory management, decrease safety stock, and reduce the potential for drug trafficking and smuggling, theft, loss, or terrorist intrusions.
"With Savi Networks, we are going live with a fully operational network that leverages the most advanced information and security technologies to give our customers best-of-breed logistics and security services," said Mauricio Barberan Canas, President of Emprevi. "We have rigorously tested and validated the Savi Networks' information system, and now offer it as a value-added service to our customers in the pharmaceutical and healthcare, consumer product goods, food and beverage, transportation and logistics services industries."
"Savi Networks is providing Emprevi and its customers with greater actionable visibility to improve decision-making as well as safeguard global shipments moving in and out of Colombia," said Vic Verma, chief executive officer of Savi Networks. "We plan to expand the network footprint in Colombia, and to integrate it with SaviTrak(TM), our worldwide information network so that Emprevi's customers can have end-to-end visibility of their shipments throughout the global supply chain."
The network of readers capture data transmitted over radio waves from RFID-based e-Seals affixed to containers, and route the information to the transportation security software. In addition to ongoing location and security status information, the software also provides automated alerts on security breaches and other exceptions that users can receive via their emails, cell phones, or PDAs. The network is built on an open technology platform that is compatible with ISO standard 18000-7 for active RFID devices and ISO standard 18185 for electronic container security devices, both operating at the 433.92 MHz radio frequency.
Emprevi is a 100 percent Colombian owned and operated company with more than 20 years of experience in the management and prevention of logistics risks. Emprevi's services have been a fundamental part of the logistics strategy of important multinationals, incorporating deep logistics knowledge, experience and advanced technologies. Clients include Johnson & Johnson, Pfizer, Gillette, Cadbury Adams, DHL Danzas, NYK Logistics, and Eagle Logistics.
Savi Networks, the operator of a global network providing real-time information services on in-transit inventory, is a joint venture between Savi Technology, Inc., a Lockheed Martin company [NYSE: LMT], and Hutchison Port Holdings. To learn more about Savi Networks, visit: http://www.savinetworks.com/
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Savi Networks - Lockheed Martin
CONTACT: Mark Nelson of Savi Networks, +1-650-316-4872, mnelson@savi.com
Web site: http://www.savi.com/
Clear Shape's InShape in TSMC's Reference Flow 8.0 and DFM Data Kit (DDK)InShape qualifies for TSMC's 45nm technology and is included in Reference Flow 8.0
SANTA CLARA, Calif., June 27 /PRNewswire/ -- Clear Shape Technologies, Inc., a leader in variability analysis and optimization solutions, announced today that Taiwan Semiconductor Manufacturing Company , has qualified InShape for 45nm process technology and included it in Reference Flow 8.0.
TSMC has very stringent criteria to qualify layout printability checking tools used to ensure printability of nanometer designs. Clear Shape's InShape was qualified for 65nm and 55nm nodes in 2006 and now 45nm. In addition to this qualification, it was also included in Reference Flow 8.0 as a lithography analysis tool to enable litho-aware routing.
"DFM analysis is critical to advanced technologies and our customers benefit by implementing highly printable layouts," said Kuo Wu, deputy director of design service marketing at TSMC. "Based on TSMC's Active Accuracy Assurance Initiative, we worked with Clear Shape to ensure that their models are silicon-accurate for each process node. We have now qualified InShape for all layers for 45nm technology and included it in our Reference Flow 8.0 to deliver litho-aware routing to our customers," he added.
"This is a significant step in our partnership with the world's leading foundry," said Atul Sharan, President and CEO of Clear Shape. "We have worked with TSMC to qualify silicon-accuracy and full-chip performance of our tools to adhere to their high standards to preserve accuracy for every process node. Now our mutual customers can leverage the reference flow and start designing 45nm chips," he concluded.
About Clear Shape
Clear Shape Technologies, Inc. is focused on delivering a complete Variability Platform that allows designers to control and optimize the parametric and catastrophic impact of systematic manufacturing variations. Clear Shape products are targeted to cell-based, custom analog, IP, and library designers using sub-90 nm processes. Clear Shape's products utilize innovative, patented model-based technology which contains secure fab data to capture RET, OPC, CMP, mask, etch and lithography effects on both device and interconnect. Clear Shape's products are in the DFM qualification programs of all three major foundry platforms. Clear Shape is backed by top-tier venture investors that include USVP, Intel Capital and KT Ventures (KLA Tencor). The company is headquartered at 3255-3 Scott Blvd, Suite 102 Santa Clara, Calif. 95054. For more information, visit http://www.clearshape.com/ or call +1 (408) 833-7130.
Clear Shape Technologies, Inc.
CONTACT: Gloria Nichols of Launch Marketing, +1-650-851-6919, gloria@launchm.com, for Clear Shape Technologies, Inc.; or Nitin Deo of Clear Shape Technologies, Inc., +1-408-960-1578, nitin@clearshape.com
Web site: http://www.clearshape.com/
STMicroelectronics' Digital Satellite Broadcast Chips Enable In-Vehicle SIRIUS Backseat TV(TM)SIRIUS Satellite Radio digital video receiver provides consumers with high-quality reception in several new Chrysler Group vehicles
GENEVA, June 27 /PRNewswire-FirstCall/ -- STMicroelectronics today announced it is providing the digital broadcasting chipset for SIRIUS Backseat TV(TM), a ground-breaking TV service that delivers live TV from the best family TV programmers directly to vehicles. SIRIUS Backseat TV will be launched later this year in select 2008 model Chrysler, Jeep(R) and Dodge vehicles.
SIRIUS Backseat TV, which offers consumers three channels of family TV programming, can be received via an in-vehicle satellite video receiver and two small roof-mounted antennas. The SIRIUS Backseat TV digital audio and video signal is broadcast over the same frequency spectrum allocation as SIRIUS radio.
The core of the in-vehicle satellite video receiver, which is manufactured by Delphi for SIRIUS, is based on three ST chips: the STA210 RF tuner IC; the STA240 channel, service and source decoder IC; and the STA264 advanced hierarchical demodulator chip, which extracts the video stream and performs error correction on the received signal.
ST has been a strong partner with SIRIUS since 2004 in the development of its radio receiver chipsets.
"SIRIUS is dedicated to delivering the best in-vehicle entertainment available anywhere," said James E. Meyer, SIRIUS President, Operations and Sales. "ST is helping us deliver a high-quality entertainment experience to make our new SIRIUS Backseat TV the Best TV in the Backseat."
"SIRIUS is a major player in the automotive entertainment field and its choice of ST's chips to provide the core of this new in-vehicle TV receiver is a significant endorsement of ST's digital broadcast expertise," said Ugo Carena, Corporate VP and General Manager of ST's Automotive Product Group. "ST's has leveraged its digital radio design expertise, world-class manufacturing machine and know-how in System-on-Chip technology to deliver leading-edge solutions to the fast-growing US in-vehicle entertainment market."
ST has been at the forefront of digital broadcast radio technology for more than ten years and is now the world's leading supplier of the microchip components that power the digital radio receivers made by leading consumer and automotive radio manufacturers. Specifically in the US digital satellite radio market, ST is also the chip supplier for XM Radio receivers, in addition to SIRIUS digital satellite radios.
About SIRIUS
SIRIUS, "The Best Radio on Radio," delivers more than 130 channels of the best programming in all of radio. SIRIUS is the original and only home of 100% commercial free music channels in satellite radio, offering 69 music channels. SIRIUS also delivers 65 channels of sports, news, talk, entertainment, traffic, weather and data. SIRIUS is the Official Satellite Radio Partner of the NFL, NASCAR, NBA and NHL, and broadcasts live play-by-play games of the NFL, NBA and NHL, as well as live NASCAR races. All SIRIUS programming is available for a monthly subscription fee of only $12.95.
SIRIUS Internet Radio (SIR) is a CD-quality, Internet-only version of the SIRIUS radio service, without the use of a radio, for the monthly subscription fee of $12.95. SIR delivers more than 75 channels of talk, entertainment, sports, and 100% commercial free music. SIRIUS products for the car, truck, home, RV and boat are available in more than 25,000 retail locations, including Best Buy, Circuit City, Crutchfield, Costco, Target, Wal-Mart, Sam's Club, RadioShack and at shop.sirius.com.
SIRIUS radios are offered in vehicles from Audi, Bentley, BMW, Chrysler, Dodge, Ford, Infiniti, Jaguar, Jeep(R), Land Rover, Lexus, Lincoln, Mercury, Maybach, Mazda, Mercedes-Benz, MINI, Mitsubishi, Nissan, Rolls Royce, Scion, Toyota, Volkswagen, and Volvo. Hertz also offers SIRIUS in its rental cars at major locations around the country.
Click on http://www.sirius.com/ to listen to SIRIUS live, or to purchase a SIRIUS radio and subscription.
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/.
"SIRIUS" is a trademark of SIRIUS Satellite Radio Inc.
STMicroelectronics
CONTACT: Michael Markowitz of STMicroelectronics, +1-212-821-8959, or michael.markowitz@st.com
Web site: http://www.st.com/ http://www.sirius.com/
Nokia 6086 Phone Debuts in US and Supports T-Mobile Hotspot @Home- Compact, easy-to-use Nokia 6086 phone delivers powerful performance over cellular and Wi-Fi networks -
WHITE PLAINS, N.Y., June 27 /PRNewswire-FirstCall/ -- Nokia today unveiled the Nokia 6086 phone as part of the new T-Mobile(R) HotSpot @HomeSM service, which launched nationwide today. With the ability to seamlessly connect to a home Wi-Fi connection or thousands of T-Mobile HotSpots across the country, the Nokia 6086 phone paired with T-Mobile HotSpot @Home delivers great wireless coverage in an easy-to-use package.
While at home, customers can enjoy great mobile coverage and unlimited nationwide calling over a home Wi-Fi network. They also receive the same benefits at all of T-Mobile's HotSpot locations across the country while on-the-go. When leaving home or a T-Mobile HotSpot, calls intuitively transfer onto T-Mobile's GSM/GPRS/EDGE wireless network.
"T-Mobile is always looking for ways to provide our customers with innovative products and services designed to make it easier to stay connected to those who matter most -- together T-Mobile HotSpot @Home and the Nokia 6086 do just that," said Britt Wehrman, director of product development for T-Mobile USA. "Combining the power of T-Mobile's nationwide network, thousands of T-Mobile HotSpot locations and great in-home coverage with T-Mobile HotSpot @Home, the Nokia 6086 is the only phone you need for home and mobile calling."
Along with the ability to use both GSM and Wi-Fi networks, the Nokia 6086 phone offers a wide range of features including an integrated camera and video recorder, Bluetooth wireless technology, and a microSD card slot for storing up to 2GB of images, videos, digital music tracks and other mobile content. Additionally, the Nokia 6086 phone is myFavesSM enabled, allowing customers to effortlessly stay in touch with their 'fave' five.*
"The Nokia 6086 phone and T-Mobile HotSpot @Home together offer great coverage, both in-home and on the road, and a powerful, yet very intuitive handset -- an unbeatable combination for customers wanting to stay connected." said Frank Vium, vice president of sales for Nokia. "The nationwide availability of the Nokia 6086 phone and T-Mobile HotSpot @Home service marks another chapter in our shared history of delivering quality and value to consumers."
*myFaves rate plan required
About T-Mobile USA
Based in Bellevue, Wash., T-Mobile USA, Inc. is a member of the T-Mobile International group, one of the world's leading companies in mobile communications, and the mobile telecommunications subsidiary of Deutsche Telekom AG. At the end of March 2007, more than 110 million mobile customers were served by companies of the Deutsche Telekom group -- more than 26 million by T-Mobile USA -- all via a common technology platform based on GSM, the world's most successful digital wireless standard. T-Mobile's innovative wireless products and services help empower people to connect effortlessly to those who matter most. Multiple independent research studies continue to rank T-Mobile highest, in numerous regions throughout the U.S., in wireless call quality and wireless customer care. For more information, please visit the company's Web site at http://www.t-mobile.com/. T-Mobile(R) is a federally registered trademark of Deutsche Telekom AG. Stick Together, myFaves, and the myFaves design are service marks of T-Mobile USA, Inc.
About Nokia
Nokia is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices and solutions for imaging, games, media and businesses. Nokia provides equipment, solutions and services for network operators and corporations. http://www.nokia.com/
Media Relations
Nokia Americas
+1-972-894-4573
communication.corp@nokia.com
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040130/NOKIALOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
Nokia
CONTACT: Media Relations of Nokia Americas, +1-972-894-4573, communication.corp@nokia.com
Web site: http://www.nokia.com/
Genesys Teams with Merced Systems to Extend Reporting, Performance Management of Genesys Customer Interaction Management SuiteGenesys and Merced Systems Help Customer Service Organizations Increase Revenue and Operational Effectiveness
REDWOOD SHORES, Calif., June 27 /PRNewswire-FirstCall/ -- Merced Systems, the leader in customer operations performance management applications, today announced it has partnered with Genesys Telecommunications Laboratories, Inc., an Alcatel-Lucent company (Euronext Paris and NYSE: ALU), to integrate the Genesys 7.5 Suite of software with the Merced Performance Suite. The integration of the two key platforms for customer service will enable contact centers to optimize their responsiveness and improve performance. The integrated suites are available immediately and the two companies will also jointly offer the systems under a co-selling agreement.
The combined systems leverage Genesys as the core platform and data source to orchestrate customer interactions across the web, through the contact center and via mobile devices, while using Merced Systems' performance management capabilities to measure and optimize operations. By unifying Genesys data with Merced Performance Suite, the two systems can deliver more sophisticated scorecards, analytics, and fully integrated workflow, and enterprise customers will be able to improve their customer service more quickly, and create a culture of continuous improvement.
Genesys, the world's leading software platform for customer interactions, leverages customer information and analytics models to orchestrate and improve business processes applied to customer service across all channels. Used by the largest customer service organizations in the world, Genesys captures millions of interactions each day, creating an integrated source of web, voice self-service, and assisted-service interactions.
Merced Performance Suite is the most advanced, fully integrated performance management application on the market. Designed from the ground up to turn customer operations into higher performing, data-driven functions, Merced Performance Suite integrates data from disparate sources while delivering advanced analytics, personalized dashboards, and critical workflows to every employee in the operation -- from front line agent to executive.
"Merced is a leader in performance management software for contact centers," said Steve Rutledge, vice president of product marketing for Genesys. "By integrating these two suites, which are typically deployed together, we can streamline the implementation process for our customers and tap into the core strengths of each of our products," Rutledge added.
"We're proud to be collaborating with Genesys," said Matt Glickman, Merced Systems' CEO. "We look forward to providing Genesys customers easy access to the critical operational insight they need to make better, fact-based decisions at every level of the operation."
About Genesys Telecommunications Laboratories, Inc.
Genesys, an Alcatel-Lucent company, is the only company that focuses 100% on software to manage customer interactions over the phone, web and in e-mail. The Genesys software suite dynamically connects customers with the right resources -- self-service or assisted-service -- to fulfill customer requests, optimize customer care goals and efficiently use resources. Genesys software directs more than 100 million customer interactions every day for 4,000 companies and government agencies in 80 countries. These companies and agencies can leverage their entire organization, from the contact center to the back office, to improve the overall customer experience. As a result, Genesys helps stop customer frustration, drive efficiency, and accelerate business innovation. For more information, go to http://www.genesyslab.com/ or visit the industry blog at http://www.betterinteractions.com/
About Alcatel-Lucent
Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprises and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications, and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved adjusted proforma revenues of Euro 18.3 billion in 2006 and is incorporated in France, with executive offices located in Paris. [All figures exclude impact of activities transferred to Thales]. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com/
About Merced Systems
Merced Systems is the leading provider of customer operations performance management applications to contact centers, field service, channel, and back-office operations. Merced Systems' award winning products serve Fortune 100 and smaller customers in a variety of different industries including Banking, Brokerage, Insurance, Consumer Credit, Telecommunications, Healthcare, High Technology and Consumer Goods. With integrated dashboards, reports, analytics, workflow, and data integration, over 100,000 people worldwide use Merced Systems' products to drive performance improvement in their customer operations. A privately held venture capital-backed company based in Redwood City, CA. Merced Systems has grown profitably at over 100% annually for the past four years. For more information on Merced Systems, please visit http://www.mercedsystems.com/.
Genesys Telecommunications Laboratories, Inc.
CONTACT: Mark Gally of Merced Systems, +1-650-486-4052, mgally@mercedsystems.com; or Leigh Anne Varney of Varney Business Communication, +1-415-387-7250, la@varneybusiness.com, for Genesys Telecommunications Laboratories, Inc.; or David Radoff of Genesys Telecommunications Laboratories, Inc., +1-650-466-1078, dradoff@genesyslab.com
Web site: http://www.genesyslab.com/ http://www.alcatel-lucent.com/ http://www.mercedsystems.com/
Amdocs Chosen By Cambodian Service Provider Applifone For Convergent Billing and Value-Added ServicesSolutions allow Applifone to deliver value-added services to customers, including call management and mobile data services
ST. LOUIS, Mo., June 27 /PRNewswire-FirstCall/ -- Amdocs , the leading provider of customer experience systems, announced today that Applifone, an emerging Cambodian service provider, has selected Amdocs Compact Convergence suite to support rapid delivery of next-generation products and services. The Amdocs solution will provide Applifone with flexible and innovative ways to market new value-added services to its customers. This win expands Amdocs' presence in the Asia Pacific region and marks the company's entry into Cambodia.
The emerging Cambodia telecom market is fast-growing and highly competitive. By choosing Amdocs solutions, Applifone will benefit from competitive advantages such as the ability to introduce new products and services to subscribers rapidly and cost effectively. Applifone will also now be able to easily integrate new value-added services such as money transfer, short message service (SMS), personal "Internet Protocol Web-phones" for roamers, call management and mobile data onto a single platform. In addition to the rapid service launch integrated with real-time convergent rating, the solution provides integrated business process support with Voice over Internet Protocol (VoIP) capability. This enables customers using self-service on the web to contact Applifone customer service representatives from their personal computer.
"We were looking for solutions that would provide us with the resources necessary to enable us to quickly enter the market with a significant impact," said Applifone CEO Damir Karassayev. "We selected Amdocs' comprehensive solutions to not only help us meet this goal, but also allow us to grow in this market."
The Amdocs Compact Convergence suite offers Applifone convergent prepaid/postpaid charging, invoicing and taxation functions, scratch cards and inventory management, as well as customer care and self-service abilities. The suite provides Applifone with voice and SMS charging, data charging, and charging via any third party applications using the open Web Services interface for both prepaid and postpaid accounts.
The Amdocs Compact Convergence Suite is delivered by the Amdocs Network Business Unit, which focuses on providing real-time, network connected solutions to services providers in emerging markets around the world. "The Cambodian market is growing at a rapid rate, so the introductions of new services such as convergent billing and a platform capable of supporting multiple concurrent mobile data services will be major factors in helping service providers retain customers and acquire new ones," said Patrick McGrory, Network Business Unit president, Amdocs. "By choosing Amdocs, Applifone will be able to deliver new services as we provide the network service platform, the real-time rating and the business process support."
About Amdocs
Amdocs is the market leader in customer experience systems innovation, enabling world-leading service providers to deliver an integrated, innovative and the intentional customer experience(TM) -- at every point of service. Amdocs provides solutions that deliver customer experience excellence, combining the software, service and expertise to help our customers execute their strategies and achieve service, operational & financial excellence. A global company with revenue of $2.48 billion in fiscal 2006, Amdocs has over 16,000 employees and serves customers in more than 50 countries around the world. For more information, visit Amdocs at http://www.amdocs.com/.
About Applifone
Applifone Company Ltd. is a new Global System for Mobile communications (GSM) operator in the Kingdom of Cambodia with the brand name Star-Cell (http://www.star-cell.net/). Applifone is owned and managed by VISOR, an investment company based in Kazakhstan.
Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs' ability to grow in the business segments it serves, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future, however the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2006, filed on December 13, 2006 and in our quarterly 6-K furnished on February 6 and May 11, 2007.
Media Contacts:
Darcy Hansen
Amdocs Corporate Communications
Tel : (201) 631-3226
E-Mail: Darcy.Hansen@amdocs.com
Amdocs
CONTACT: Darcy Hansen, Amdocs Corporate Communications, +1-201-631-3226, Darcy.Hansen@amdocs.com
Web site: http://www.amdocs.com/
Sun's Network.com Powers Dynamic On Demand Financial Services Software From CDO2AC Capital Partners Limited Selects the New CDOSheet Application Available from Network.com for Structured Credit Portfolio Management
SANTA CLARA, Calif., June 27 /PRNewswire-FirstCall/ -- Sun Microsystems, Inc. today announced the availability of a Dynamic On Demand financial risk simulation and pricing service from Network.com offered by CDO2, a provider of innovative pricing and risk technology for organizations trading structured credit products.
The new version of CDOSheet application, available from Network.com, delivers the latest pricing models and risk analysis technology to AC Capital Partners Limited and other customers in a secure and cost effective way. Financial modelers can now run simulations directly from their desktops without any awareness of the advanced grid computing technologies powering the service as the application utilizes newly introduced Sun Grid Compute Utility features, including programmatic access to the grid and secure bidirectional data transfers over the Internet, that make grid applications easy to deploy and transparent to the end user.
"Network.com powered by Solaris 10 OS helps our partners and customers derive immediate benefits from the Sun Grid Compute Utility by giving them more choice and control over how they purchase and deploy IT infrastructure," said Aisling MacRunnels, vice-president of Software Marketing, Sun Microsystems, Inc. "CDO2's deployment reinforces the opportunities created, particularly for smaller independent software vendors, to reach broader audiences; and for their smaller business customers to take advantage of the computing resources and software previously available only to larger institutions."
CDOSheet application users capture the necessary deal indicatives and model parameters from within an intuitive spreadsheet interface. The Sun Grid Compute Utility, powered by the Solaris 10 OS and Sun Grid Engine running on Sun's x64 hardware, allows a single risk analysis from CDOSheet application to be performed in parallel on the grid thereby minimizing the time necessary to complete the simulation.
"We are excited to be part of Network.com since 2005, when our CDOSheet application went live as a service on Sun Grid Compute Utility," said Gary Kendall, Director of CDO2. "The latest release of Network.com allows customers of our structured credit pricing and risk application a new level of "on-demand" availability without the need to reserve grid access in advance."
Customers from the financial services industry have already started using the new dynamic on demand CDOSheet solution offered via Network.com. "CDOSheet running on Network.com allows us to price and risk manage complex deals quickly using built-in, grid-enabled analytics," said Jana Becher, Managing Director of AC Capital Partners Limited, a specialized asset management company that provides customized credit solutions to an institutional client base and one of the leading global asset managers in structured credit. "As an active manager of our CDO portfolios, we have a varied and unpredictable demand on our systems depending on the market conditions. Network.com meets that demand for our utilization spikes with an efficient and cost effective infrastructure."
About Sun Microsystems, Inc.
A singular vision -- "The Network Is The Computer"(TM) -- guides Sun in the development of technologies that power the world's most important markets. Sun's philosophy of sharing innovation and building communities is at the forefront of the next wave of computing: the Participation Age. Sun can be found in more than 100 countries and on the Web at http://sun.com/.
About CDO2
CDO2 is a provider of innovative pricing and risk technology for organizations trading structured credit products. The company was founded on the belief that all financial organizations should have access to the latest pricing models and enterprise technology, irrespective of their size or trading volume. CDOSheet allows users to harness the power of grid computing to price and risk manage their structured credit portfolios using simple spreadsheet functions. More information on CDO2 and CDOSheet can be found at http://cdo2.com/.
FOR MORE INFORMATION:
Chhandomay Mandal
Sun Microsystems
(603) 589-0576
chhandomay.mandal@sun.com
Sun, Sun Microsystems, the Sun logo, Solaris and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries.
CDO2 and CDOSheet are trademarks or registered trademarks of CDO2 Limited.
Sun Microsystems, Inc.
CONTACT: Chhandomay Mandal of Sun Microsystems, +1-603-589-0576, chhandomay.mandal@sun.com
Web site: http://sun.com/ http://cdo2.com/
Microsoft Technical Fellow Keynotes on the Reinvention of ComputingMicrosoft's high-performance computing business gains adoption across industries.
DRESDEN, Germany, June 27 /PRNewswire-FirstCall/ -- Fresh off the revelation that Microsoft(R) high-performance computing (HPC) technologies are being widely adopted by customers, software and hardware partners, a technical leader from Microsoft Corp. today discussed how the foundations of computer science and engineering must be reinvented to deal with the mass-market adoption of processors with many computing cores.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO )
In a keynote address at the International Supercomputing Conference in Dresden, Germany, Microsoft technical fellow Dr. Burton Smith talked about new approaches to software development where everyday computer programs must be able to execute in parallel on multiple microprocessor cores, allowing developers to build more powerful, humanistic software applications that incorporate speech, conversation, rich visualization and anticipatory execution of tasks. The many-core inflection point was presented as a new challenge for the computing industry, namely general-purpose parallel computing.
"Our industry and the universities must work together to reinvent not only computing, but also the computing profession," Dr. Smith said. "The coming years will fundamentally reshape software and transform the way people use and interact with computers. In order for consumers to enjoy performance improvements in the future, mass-market technology providers will have to embrace parallel computing to differentiate and compete. It's vital that software and hardware adapt to new models of computing."
Dr. Smith urged commercial vendors to work with the academic and scientific communities to spur the next wave of discovery by creating software, tools and standards to help overcome existing barriers to parallel computing.
Broad Market Adoption for Windows Compute Cluster Server 2003
Since general availability in August 2006, Microsoft Windows(R) Compute Cluster Server (CCS) 2003 has been adopted in financial services, manufacturing, the oil and gas industry, digital content creation, and biosciences, with HPC cluster deployments ranging in size from distributed departmental clusters to shared clusters as large as 7,000 nodes. Recent customers include aQuantive, Areva Challenge, BAE Systems, Boeing, Bombardier Transportation GmbH, Callaway Golf Co., DALCO/Alinghi, Fraunhofer-Institute for Algorithms and Scientific Computing, Ludwig Institute for Cancer Research, Mitsubishi UFJ Securities, Pebble Bed Modular Reactor (Pty) Ltd. (PBMR), South Florida Water Management District and UniCredit Group (HVB).
In particular, Microsoft has seen strong adoption of Windows Compute Cluster Server within the financial services industry. For the Markets and Investment Banking division of UniCredit Group, one of the largest European banking groups, its structured derivatives business turned to Windows Compute Cluster Server to speed up pricing and risk-management applications, and simplify development and cluster management.
"We like the idea of Microsoft .NET as a full product family, the support for diverse programming languages, the excellent interoperability with Excel(R) and the higher developer productivity," said Andreas Kokott, responsible director for the strategy of the structured derivatives platform within Markets and Investment Banking, UniCredit Group. "The idea is to have the most standardized IT environment possible so that managing the cluster is just part of the normal workflow for IT personnel. The complexity should only be in the algorithms, not in the infrastructure."
In addition to large clusters, Windows Compute Cluster Server has also been adopted in departmental clusters to enable greater engineering productivity. In Kassel, Germany, Bombardier Transportation is using high-performance computing to perform comprehensive rail-vehicle crash analysis, which is required to comply with international standards. Based on Windows Compute Cluster Server 2003 and running Livermore Software Technology Corp.'s (LSTC) LS-DYNA application, this solution helped the company to satisfy the new extended regulations while still being able to meet project time schedules. High performance, competitive pricing and simplified implementation were the reasons Bombardier Transportation decided on Windows Compute Cluster Server.
"We were right in the middle of a customer project and needed a solution quickly; Windows Compute Cluster Server 2003 was the answer for us," said Hans-Jorg Dittmann, manager specialist engineering, Bombardier Transportation. "With Windows CCS, we are able to quickly do complex analysis computations and achieve shorter development cycles, without having exorbitant costs for the HPC solution."
In Centurion, South Africa, the employees of PBMR are using HPC to process and simulate highly complex finite element analysis and structural integrity tests using the MSC.Marc application from MSC.Software Corp. PBMR, which is developing the world's first Generation IV nuclear reactor, chose to run Windows CCS for its cluster because the Windows platform combines the performance and productivity needed to meet aggressive project timelines at the reactor.
"The Windows-based HPC environment has proven to be extremely reliable and provides for intuitive administration because we can leverage Active Directory(R) and our in-house skills," said Faure Louw, group leader of the Structural Analysis team at PBMR. "Flexible and efficient job scheduling via Windows CCS has allowed more of our employees to utilize the HPC cluster resources, which frees up time of professionals to focus on increasing their productivity."
Microsoft is also working with software partners across industries to facilitate the next wave of discovery. The following partners have publicly released applications that run on, or interoperate with, Windows Compute Cluster Server 2003:
-- Altair Engineering Inc. -- HyperWorks, RADIOSS SPMD v5
-- ANSYS Inc. -- ANSYS 11.0 and FLUENT 6.3
-- BioTeam Inc. -- iNquiry
-- CD-adapco Group -- Star-CD, Star-CCM+
-- Computer Modelling Group Ltd. -- IMEX, GEM and STARS, Builder, Results,
WinProp
-- Dassault Systemes -- Abacus
-- Decisioneering Inc. -- Crystal Ball
-- ESI Group -- PAM-STAMP 2G, PAM-CRASH 2G
-- LSTC -- LS-DYNA
-- The MathWorks Inc. -- MATLAB
-- MSC.Software Corp. -- MD Nastran, SimOffice, Marc, Dytran
-- Parallel Geoscience Corp. -- SPW
-- PipeLine FX LLC -- Qube!
-- Platform Computing Inc. -- LSF
-- Schlumberger Ltd. -- ECLIPSE, GigaViz
-- Software CRADLE Co. Ltd. -- SC/Tetra, STREAM
-- SPT Group -- MEPO
-- Visual Numerics Inc. -- IMSL Numerical Library in C, C# and Fortran
-- Wolfram Research Inc. -- Mathematica6, gridMathematica
At the same time, major system vendors from around the world are shipping integrated solutions based on Windows Compute Cluster Server 2003. These vendors include Bull SAS, Dell Inc., Equus, Fujitsu Ltd., HP, HPC Systems Inc., IBM Corp., NEC Corp., SGI, Supermicro Computer Inc., TeamHPC (a division of M&A Technology), Tyan Computer Corp., and Visual Technologies Inc.
Windows-Based Supercomputers Make Top 500 List
Illustrating the ability of Windows to deliver productivity with scalability and performance, Windows Compute Cluster Server 2003 appeared on the computing industry's semiannual top 500 list of the world's most powerful supercomputers, released earlier today.
Windows Compute Cluster Server 2003 served as the underlying operating system for a new HPC cluster at Mitsubishi UFJ Securities, which is a part of one of the largest financial services institutions in Japan. Its expanding derivatives business will leverage a Windows-based clustering to enhance risk-management practices and reduce simulation times. Mitsubishi UFJ Securities chose the Microsoft Windows platform because of the power, familiarity, and ease-of-development in Microsoft Visual Studio(R) 2005 and Visual C++(R). Its top 500 benchmark on Windows Compute Cluster Server was run on a 448-node IBM BladeCenter HS21 cluster with 1,760 processors, and placed at 193 on the top 500 list. The benchmark result of 6.52 trillion computations per second (teraflops) demonstrates the power of the advanced simulation environment that will enable the pricing, risk management and product development of its derivatives offering. The result marks one of the top supercomputers for the financial services industry.
Windows Compute Cluster Server also served as the underlying operating system for a new HPC cluster at Microsoft's datacenter in Tukwila, Wash., which ranked 106 in the top 500. This system achieved 8.99 teraflops on 256 compute nodes and 2,048 processing cores of 64-bit Intel Xeon 5300 quad-core processors, powering Dell PowerEdge 1955 blade servers and Cisco infiniband switches.
To achieve this result, Microsoft ran the benchmark over Windows Compute Cluster Server using a Microsoft Excel 2007 add-in created specifically to drive all the parameters and results required of the top 500 LINPACK benchmark. The Excel 2007 workbook contains all the necessary data needed to perform the LINPACK benchmark. This Excel add-in will be available within 90 days at http://windowshpc.net/default.aspx.
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
Microsoft Corp.
CONTACT: Rapid Response Team, Waggener Edstrom Worldwide, +1-503-443-7070, rrt@waggeneredstrom.com, for Microsoft Corp.
Web site: http://www.microsoft.com/
Digitel Chooses Ceragon's Wireless Solution for Network Expansion in the PhilippinesOver $2 Million Follow-on Full Turnkey Project
TEL AVIV, Israel, June 27 /PRNewswire-FirstCall/ -- Ceragon Networks Ltd. , a leading provider of high-capacity wireless backhaul solutions, today announced that Digitel Mobile Philippines, Inc. (DMPI), a leading cellular telecommunications provider in the Philippines has again chosen to deploy Ceragon's wireless solutions for the next stage of their network expansion. Ceragon's high-capacity solution enables Digitel to increase their cellular network capacity and coverage to accommodate a growing subscriber base and increasing network traffic. This order totaling over $2 million for products and services follows several successful deployments of Ceragon's wireless backhaul solution for Digitel over the past years for a total amount of $15 million.
The upgraded network will have the high capacity and flexibility necessary for supporting Digitel's latest mobile services and allows Digitel to generate quicker subscriber growth. Ceragon is providing DMPI which operates under the brand name of Sun Cellular, full turnkey implementation of the network including installation and commissioning, civil works, network planning and comprehensive network management solutions.
"We have had excellent experience with Ceragon's wireless backhaul solutions through previous projects," said a Digitel Mobile company official. "Ceragon's turnkey solutions are an important part of our network expansion as they enable us to evolve our networks in step with increasing capacity demands and complexities. "
"We are gratified by this important customer's repeated confidence in Ceragon," said Ira Palti, President and CEO, Ceragon Networks Ltd. "Digitel is well known for providing the highest quality of service to its subscribers. Digitel's trust in our products validates our efficient backhaul solution capable of meeting the ever-increasing capacity demands triggered by a growing subscriber base and increasing network traffic."
Digitel Mobile is also employing Ceragon's FibeAir product family in their metro area network upgrade, including SDH high-capacity protected links and covering the entire city of Manila, to allow reliable mobile and data services for the densely populated area
About Digitel
Digitel Mobile Philippines Inc. (DMPI) is the wireless subsidiary of Digital Telecommunications Philippines Inc. (Digitel), which, in turn, is 47%-owned by JG Summit Holdings. DMPI commercially launched its wireless service operations under the brand name of Sun Cellular on March 2003. Sun Cellular is the country's third and newest mobile phone service provider. It offers the latest in GSM technology, providing voice services, messaging services, outbound and inbound international roaming, and value-added services.
About Ceragon Networks Ltd.
Ceragon Networks Ltd. (NASDAQ and TASE: CRNT) is a leading provider of high-capacity wireless backhaul solutions for cellular and fixed wireless operators, enterprises and government organizations. Ceragon's modular FibeAir(R) product family is recognized as the gold standard for backhaul transmission and is also one of the top solutions chosen by cellular operators for SONET/SDH rings. A scalable, future-proof solution for wireless transport of broadband services, FibeAir operates across multiple frequencies for IP and SONET/SDH protocols, supporting the emerging needs of next-generation networks that are evolving to all-IP based services, including triple-play. It leads the market in IP backhaul, offering a unique, native IP solution that provides the efficient, robust connectivity required for WiFi, WiMAX and converged networks. Ceragon supports its growing base of more than 180 customers in 70 countries by operating an extensive sales network comprising 17 offices and numerous partners located around the world. More information is available at http://www.ceragon.com/.
Ceragon Networks(R), CeraView(R), FibeAir(R) and the FibeAir(R) design mark are registered trademarks of Ceragon Networks Ltd., and Ceragon(TM), PolyView(TM), ConfigAir(TM), CeraMon(TM), EtherAir(TM), QuickAir(TM), QuickAir Partner Program(TM), QuickAir Partner Certification Program(TM), QuickAir Partner Zone(TM), EncryptAir(TM) and Microwave Fiber(TM) are trademarks of Ceragon Networks Ltd.
This press release may contain statements concerning Ceragon's future prospects that are "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and projections that involve a number of risks and uncertainties. There can be no assurance that future results will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could cause actual results to differ materially from forecasts and estimates include: Ceragon's limited operating history and history of losses; Ceragon's dependence on a limited number of key customers, independent manufacturers and suppliers; and the demand for Ceragon's products and technology. These risks and uncertainties, as well as others, are discussed in greater detail in Ceragon's Annual Report on Form 20-F and Ceragon's other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made and Ceragon undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made.
Ceragon Networks Ltd
CONTACT: Company Contact: Monique Cohen, Ceragon Networks Ltd., +972-3-766-8430, monique@ceragon.com; Investor Contact: Vered Shaked, Ceragon Networks Ltd., Office +972-3-645-5513, Mobile +972-52-573-5513, ir@ceragon.com
Buyers with US$230 Billion in Annual Sales to Meet Greater China Beauty and Personal Care Product Manufacturers
Boots, Carrefour and Sears Among Eight Big Buyers Scheduled to Participate in
Global Sources' Private Sourcing Event
HONG KONG, June 27 /Xinhua-PRNewswire-FirstCall/ -- Eight buying organizations with annual sales of US$230 billion are scheduled to meet Greater China beauty and personal care product manufacturers at Global Sources' Private Sourcing Event ( http://www.privatesourcingevents.com/ ) in Shenzhen on June 29.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )
Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "These events perfectly match the requirements of today's volume buyers who need to source the newest products in the shortest amount of time.
"When buyers show up for the event, they've already pre-screened the suppliers they want to meet with. So, they can go straight to discussing sourcing opportunities."
Sears Divisional Vice President, Randy Evans, said: "Private Sourcing Events bring us together with experienced, pre-screened suppliers who understand our markets and needs.
"We consistently find quality manufacturers who are able to meet the specs, timelines, and production volumes we need in order to get quality, private branded products to our various store formats."
Buyers scheduled to participate in the Beauty & Personal Care Products Private Sourcing Event are:
-- Boots -- the UK's largest drugstore chain
-- Brookstone -- one of the largest US specialty retailers
-- Carrefour -- the world's second-largest retailer
-- Kesa Electricals -- Europe's third-largest electronics retailing group
-- Li & Fung -- the world's largest sourcing organization
-- RadioShack -- the third-largest US electronics chain
-- Sears -- the third-largest US retailer
-- Woolworths (Australia) -- Australia's largest retailer
"Buyers who participate in these events are serious buyers ready to source new products. There's real potential for us to gain some big overseas orders and find new long-term buying partners," said Shenzhen Yingzhijian Technology Board Chairman, Lin Hanrong.
World's Top Buyers Scheduled to Attend Upcoming Private Sourcing Events
Some of the world's top buyers including Casino, Monster Cable, Sainsbury's and Sears are scheduled to attend upcoming Private Sourcing Events.
The next three scheduled events are:
-- Personal Audio, Video & Game Devices: Shenzhen -- July 10
-- Gift Packaging & Services: Shenzhen -- July 12
-- In-Car Electronics, Entertainment & Navigation: Hong Kong -- July 17
Global Sources has scheduled more than 50 Private Sourcing Events for 2007. A complete list of Private Sourcing Events to be held this year is available at http://www.privatesourcingevents.com/ .
Suppliers wishing to participate should contact csm@globalsources.com. Buyers may apply by contacting privatesourcingevents@globalsources.com.
Private Sourcing Events are part of the company's sourcing and product information services which include Global Sources trade magazines, Global Sources Online ( http://www.globalsources.com/ ), Global Sources Direct ( http://www.globalsourcesdirect.com/ ) and the China Sourcing Fairs ( http://www.chinasourcingfair.com/ ).
For more information, visit http://corporate.globalsources.com/ .
About Global Sources
Global Sources is a leading business-to-business (B2B) media company and a primary facilitator of two-way trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other key business segment facilitates trade from the world to Greater China using Chinese-language media.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 600,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 1.8 million products and more than 150,000 suppliers annually through 13 online marketplaces, 12 monthly magazines, over 100 sourcing research reports and nine specialized trade shows which run 22 times a year across seven cities.
Suppliers receive more than 13 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com/ ) alone.
Global Sources has been facilitating global trade for 36 years. In mainland China it has over 1,700 team members in 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese- language media.
Global Sources Press Contact in Asia:
Camellia So
Tel: +852-2555-5021
Email: cso@globalsources.com
Global Sources Investor Contact in Asia:
Eddie Heng
Tel: +65-6547-2850
Email: eheng@globalsources.com
Global Sources Press Contact in U.S.:
James W.W. Strachan
Tel: +1-602-978-7504
Email: strachan@globalsources.com
Global Sources Investor Contact in U.S.:
Moriah Shilton & Christiane Pelz
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: CPelz@lhai.com
Photo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b PR Newswire Photo Desk, photodesk@prnewswire.com
Global Sources
CONTACT: Press contact in Asia: Camellia So, +852-2555-5021, cso@globalsources.com; Press contact in U.S.: James W.W. Strachan, +1-602-978- 7504, strachan@globalsources.com, both of Global Sources; Investors contact in Asia, Eddie Heng of Global Sources, +65-6547-2850, eheng@globalsources.com; Investor Contacts in U.S.: Moriah Shilton & Christiane Pelz, +1-415-433-3777, or CPelz@lhai.com, both of Lippert/Heilshorn & Associates, Inc. for Global Sources
Web site: http://www.globalsources.com/ http://www.privatesourcingevents.com/ http://www.chinasourcingfair.com/ http://www.chinasourcingreports.com/ http://www.corporate.globalsources.com/
Tektronix Successfully Tests World's Fastest, Longest Infiniband Cable from Intel100 Meter Intel(R) Connects Cable Provides 20 Gb/s Throughput
BEAVERTON, Ore., June 27 /PRNewswire-FirstCall/ -- Tektronix, Inc. , a leading worldwide provider of test, measurement and monitoring solutions, announced that the company has successfully validated the performance of the new Intel 100 meter Infiniband cable operating at speeds up to 20 Gb/s. The world's longest InfiniBand optical cable has an electrical interface on either end and uses four serial data lanes at 5 Gb/s each. The cable will be useful in accelerating the performance of large computing clusters. The cables will be used as the part of the backbone network at the International Supercomputing Conference (ISC) show in Dresden, Germany.
The need for accelerating performance -- greater bandwidth and speed -- continues to grow whether to drive graphics where the CPU, graphics subsystem, and the memory must move data constantly as the image moves or creating ever faster supercomputing backplanes to help unlock the riddles of high energy physics. To keep pace, information busses -- the data conduits between electronic components -- will continue to grow wider and move data faster. The new Infiniband cable from Intel is the newest proof point.
"We are happy to have been able to validate the performance of the longest and fastest Infiniband cables in the industry from Intel," said Lynne Camp, vice president, Performance Plus Instruments, Tektronix. "As multi-gigabit data rates become common in digital systems, signal integrity -- the quality of the signal necessary for proper operation of an integrated circuit -- is becoming a paramount concern for designers. Tektronix was able to meet the exacting demands of this test by using instrumentation from our next generation serial data test bench."
"Tektronix is well recognized as being expert in signal integrity with proven knowledge in addressing complex, high-speed measurements and analysis," said Tuan Phamdo, Intel Technology Enabling Manager and Co-Chair of the IBTA Compliance Working Group. "This experience coupled with a strong focus on addressing leading and emerging serial data technologies made them an ideal choice for assisting Intel with the testing of the new Intel Connects Cables. Their engineers and expertise were a tremendous help in performing the final validation."
The Infiniband cable test specification requires that a signal with a specific impairment is provided from a signal source. This was done using the Tektronix AWG7102 Arbitrary Waveform Generator transmitting a test pattern at 5 Gb/s. The signal impairment is created using the Tektronix Direct Synthesis method. Direct synthesis is a flexible and repeatable method for creating ideal or impaired waveforms that are then directly synthesized by the Tektronix AWG7000 series of arbitrary waveform generators. The AWG is capable of providing precise, programmable impaired signals up to 6 Gb/s, providing a unique solution for both cable tests and receiver tests in high speed serial links.
On the eye diagram measurement side, a Tektronix DSA8200 sampling Digital Signal Analyzer was used to make the jitter and eye measurements. Advanced Jitter, Noise and BER Analysis Software (JNB) was used to analyze the BER of the cable down to the cable's 10-15 BER specification.
"Tektronix has been a participant in the InfiniBand ecosystem for a long time," said Jit Lim, Tektronix Technology Solutions Manager. "Since the early days of InfiniBand, we have been actively involved in the InfiniBand Compliance and Interoperability program and for years chaired the Compliance and Interoperability physical layer working group in the IBTA. When Intel came to us asking if we'd help launch their new SDR/DDR 100 Meter Intel Connects Cables, we were happy to verify the compliance of their cable per the InfiniBand specification. This technology is sure to substantially advance the high performance interconnect cable industry, as well as find its way into other high speed applications."
Tektronix has deep expertise with cable testing. Tektronix has been the industry leader in the characterization and compliance validation of SFF8470 cables since their initial release in 2002. Every SFF8470 cable that is certified in the industry today has received that certification using a Tektronix TDS/CSA/DSA 8200 based system. Tektronix has tested roughly 500 cables in the last 5 years. While generally known as an "InfiniBand" cable, a SFF8470 cable is also used in a number of other key technologies such as 10Gig Ethernet/XAUI, CX4, Fiber-Channel, SATA-M, and SAS-M.
About Tektronix
Tektronix is a leading supplier of test, measurement, and monitoring products, solutions and services for the communications, computer, and semiconductor industries -- as well as military/aerospace, consumer electronics, education and a broad range of other industries worldwide. With 60 years of experience, Tektronix enables its customers to design, build, deploy, and manage next-generation global communications networks, advanced and pervasive technologies. Headquartered in Beaverton, Oregon, Tektronix has operations in 19 countries worldwide. Tektronix' Web address is http://www.tektronix.com/.
Tektronix is a registered trademark of Tektronix, Inc. All other trade names referenced are the service marks, trademarks or registered trademarks of their respective companies.
Tektronix, Inc.
CONTACT: Media, Gary Grossman of Tektronix, Inc., +1-503-627-1097, gary.grossman@tektronix.com
Web site: http://www.tektronix.com/
BEA Systems Expands Lead in China Middleware MarketBEA's share of middleware market grows to 27.2 percentAnalyst Report Highlights1. With 27.2% middleware market share, BEA Systems is the clear leader in China middleware market, according to CCW Research.2. The total revenue of middleware in China in 2006 reached RMB1.889 billion and could reach RMB2.384 billion in 2007, according to CCW Research.
SAN JOSE, Calif. and BALI, Indonesia, June 27 /PRNewswire-FirstCall/ -- BEA Systems, Inc. , a world leader in enterprise and communications infrastructure software, was named China's middleware market leader for the third year in a row by CCW Research, a leading IT market research firm in China. BEA owns the middleware market with 27.2 percent market share, an increase of 3.8 percent from the previous year.
CCW Research defines middleware as: messaging middleware, transaction middleware, application server middleware, integration middleware, workflow middleware and portal middleware. According to the report titled "2006-2007 Development Trend of China's Middleware Market" issued by CCW Research, the total revenue of middleware in China market in 2006 reached RMB1.889 billion and BEA maintained the leader position with 27.2 percent market share.
"The CCW report confirms SOA adoption in China and the continued market leadership of BEA in the China middleware market. Customers recognize the strategic role and value of BEA's enterprise infrastructure software can play in optimizing their operations," said Marcus Tsoi, vice president and general manager, BEA China. "The success of BEA in China is based on our strength in and breadth of SOA resources. More and more Chinese customers are turning to SOA as the framework for next-generation enterprise IT systems. BEA foresaw the potential of SOA and continues to provide products, techniques, implementation methodology and services to help customers implement SOA successfully."
Industry-proven SOA concepts and solutions, together with innovative techniques and products serve as the foundation for continued success in China for BEA. The BEA SOA 360 platform is considered to be the industry's most unified, powerful and flexible SOA platform.
"SOA is a new vehicle for growth in China. With SOA 360, BEA is providing customers with a suitable approach to deploying SOA," said Kaibin Cao, vice general manager of CCW Research. "BEA has the technical prowess to help customers architect an SOA and has an understanding of customers' pain points and business requirements. BEA offers a complete SOA solution along with an award-winning product family designed to support, deploy and experience IT and business benefits of SOA."
BEA has a long history of success in China, with offices in Beijing, Shanghai, Guangzhou, and Chengdu, and regional hubs supporting customers in Nanjing, Hangzhou, Qingdao, Fuzhou, Xi'an, Chongqing, Shenyang, and Wuhan. BEA is anchored in China by a R&D Center and Telecommunications Technology Center (TTC) in Beijing, from which China-specific products and solutions are developed to meet the business needs of Chinese customers.
Key customers deploying BEA products in China include: China Mobile, China Unicom, China Netcom, China Post, China Telecom, China Power, Huaneng Dalian Power Plant, China Construction Bank and, China Eastern Aviation Import and Export amongst others.
About BEA Systems, Inc.
BEA Systems, Inc. is a world leader in enterprise and communications infrastructure software. BEA's SOA 360 platform is designed to be the industry's most unified SOA platform for business transformation and optimization, by, among other things, helping to improve cost structures and grow new revenue streams. Information about how BEA is enabling customers to achieve Business LiquidITy(TM) can be found at bea.com.
Copyright 1995-2007, BEA Systems, Inc. All rights reserved. BEA, BEA AquaLogic, BEA eLink, BEA WebLogic, BEA WebLogic Portal, BEA WebLogic Server, Connectera, Compoze Software, Jolt, JoltBeans, JRockit, SteelThread, Think Liquid, Top End, Tuxedo, and WebLogic are registered trademarks of BEA Systems, Inc. BEA Blended Application Development, BEA Blended Development Model, BEA Blended Strategy, BEA Builder, BEA Guardian, BEA Manager, BEA MessageQ, BEA microService Architecture, BEA SOA 360, BEA Workshop, BEA WorkSpace 360, Signature Editor, Signature Engine, Signature Patterns, Support Patterns, Arch2Arch, Arch2Arch Advisor, Dev2Dev, Dev2Dev Dispatch, Exec2Exec, Exec2Exec Voice, IT2IT, IT2IT Insight, Business LiquidITy, and Liquid Thinker are trademarks of BEA Systems, Inc. BEA Mission Critical Support, BEA Mission Critical Support Continuum, BEA SOA Self Assessment, and Fluid Framework are service marks of BEA Systems, Inc. All other company and product names may be the subject of intellectual property rights reserved by third parties. All other trademarks are the property of their respective companies.
BEA Systems, Inc.
CONTACT: Media, Helen Wu, +86-10-85281188-1573, helen.wu@bea.com, or Diana Wong, +1-408-570-8389, diana.wong@bea.com, or Industry Analysts, Ernest Chen, +852 2290 9257, echen@bea.com, al of BEA Systems, Inc.
Web site: http://www.bea.com/
Certicom Announces Security Builder API for Open SourceCerticom's cryptographic plug-in allows OpenSSL applications to be Suite B and FIPS compliant
MISSISSAUGA, ON, June 26 /PRNewswire-FirstCall/ -- Certicom (TSX: CIC) today announced Security Builder API for Open Source to help OpenSSL developers easily add elliptic curve cryptography (ECC) to their applications. The SSL shim, or abstraction layer, allows developers to plug SSL applications into Certicom's software cryptographic providers that include elliptic curve and Suite B algorithms as well as a pre-approved FIPS-140-2 cryptographic module.
The small size of ECC algorithms is the main driver behind its growing popularity in both commercial and government sectors. This efficiency (more security per bit) offers performance improvements with little impact on battery life and memory. For example, the use of 224-bit ECC in OpenSSL could increase performance by 3x on Apache Web Servers, resulting in 3x as many transactions being processed in a given timeframe(1). OpenSSL is the security layer used by Apache Web Server, the most dominant Web server on the Internet.
The efficiency of ECC also results in a longer cryptographic life span, which was one of the main drivers behind the National Security Agency (NSA) identifying ECC-based security mechanisms in Suite B, the recommended guidelines for protecting government communications.
"ECC offers tremendous performance and security advantages and we're providing an easy way for developers to add it to their SSL application without the need to re-code," said Jim Alfred, director of product management at Certicom.
Security Builder API for Open Source is a cost-effective way for OpenSSL developers to support ECC, including Suite B algorithms, and be FIPS 140-2 compliant. Pricing depends on the customer's platform requirements and includes developer licenses, royalties, and support services. It is available immediately. For more information, visit http://www.certicom.com/.
(1) Tests conducted by Sun Microsystems and presented at the RSA
Conference, 2007
About Certicom
Certicom protects the value of your content, applications and devices with government-approved security. Adopted by the National Security Agency (NSA) for classified and sensitive but unclassified government communications, Elliptic Curve Cryptography (ECC) provides the most security per bit of any known public-key scheme. As the undisputed leader in ECC, Certicom security offerings are currently licensed to more than 300 customers including General Dynamics, Motorola, Oracle, Research In Motion and Unisys. Founded in 1985, Certicom's corporate offices are in Mississauga, ON, Canada with worldwide sales and marketing headquarters in Reston, VA and offices in the US, Canada and Europe. Visit http://www.certicom.com/
Certicom, Certicom ECC Core, Certicom Security Architecture, Certicom Trust Infrastructure, Certicom CodeSign, Certicom KeyInject, Security Builder, Security Builder API, Security Builder BSP, Security Builder Crypto, Security Builder ETS, Security Builder GSE, Security Builder IPSec, Security Builder MCE, Security Builder NSE, Security Builder PKI and Security Builder SSL are trademarks or registered trademarks of Certicom Corp. All other companies and products listed herein are trademarks or registered trademarks of their respective holders. Information subject to change.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Factors which could cause actual results or events to differ materially from current expectations include, among other things: the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits; the ability of the Company to develop, promote and protect its proprietary technology security breaches or defects in the Company's products; competitive conditions in the businesses in which the Company participates; changes in consumer spending; the outcome of legal proceedings as they arise; general economic conditions and normal business uncertainty; consolidation in the Company's industry and by its customers; customer preferences towards product offerings; the risk that customers may cancel their contracts with the Company; reliance on a limited number of customers; demand for ECC-based technology; performance of the Company's management team and the Company's ability to attract and retain skilled employees; operating the Company's business profitably; fluctuations in revenue and foreign currency exchange rates; interest rate fluctuations and other changes in borrowing costs; the ability to develop and maintain strategic relationships; and other factors identified under the heading "Risk Factors" in the Company's annual information form dated July 26, 2006 and filed on SEDAR at http://www.sedar.com/.
Certicom Corp.
CONTACT: Lisa Courtney Lloyd, Jolita Communications, (613) 271-7512, lcourtneylloyd@jolita.ca
Atomic Guppy Announces Name Change and Reverse Stock SplitNew Stock Ticker Symbol to be OTC Bulletin Board: ATGU
FORT LAUDERDALE, Fla., June 26 /PRNewswire-FirstCall/ -- XTX Energy, Incorporated (BULLETIN BOARD: XTEG) today announced that effective June 25, 2007, the Company changed its name to Atomic Guppy, Incorporated and began trading under its new stock symbol (BULLETIN BOARD: ATGU) . Also, the company announced a 1 for 20 reverse split of its outstanding common stock shares in which one share of the Company's Common Stock will be issued in exchange for every 20 shares of holders of record of Common Stock as of the close of June 22, 2007.
The reverse split, name change and stock ticker symbol change became effective at the market open June 25, 2007. New share certificates will be issued by the Company's transfer agent when certificates are physically surrendered, by issuing one new share for every 20 shares surrendered. Fractional shares will not be issued in connection with the reverse split.
Leigh M. Rothschild, Chairman of the Board, said, "This is a very exciting time for our E-commerce and Digital Media Company as we work on building our interactive incentive community products. We believe the reverse stock split, name and stock symbol change is in the best interest of our shareholders."
CEO and President Adam Bauman also commented: "This name change better reflects the business we are in - creating a world class next-generation Internet intellectual property destination, where users can participate in super-viral rewards-based marketplaces for digital video, audio or other media."
About Atomic Guppy, Inc.
Atomic Guppy, formerly XTX Energy, is an E-commerce and digital media company that is creating a next-generation interactive incentive community based on patent pending Internet Rewards algorithms. Additional information about Atomic Guppy is available on the Company's web site at http://www.atomicguppy.com/.
Statements in this press release, including statements relating to any earnings or revenue projections, are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, regarding Atomic Guppy's future plans, revenues, cash flows, earnings, objectives, expectations, performance, business strategy and similar projections, as well as any facts or assumptions underlying these statements or projections. Actual results may differ materially from the results expressed or implied in these forward-looking statements, due to various risks, uncertainties or other factors both general and specific to the matters discussed in this press release. These and other important factors, including the company's ability to generate new revenue, acquire new strategic partners, raise additional capital and other factors mentioned in various Securities and Exchange Commission filings made periodically by the company, may cause the company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the company's expectations, new information, future events or otherwise. The Atomic Guppy, Inc. logo is a trademark of Atomic Guppy, Inc.
Atomic Guppy, Inc.
CONTACT: Mr. Adam Bauman, CEO and President, Atomic Guppy, Inc., +1-212-995-9191
Web site: http://www.atomicguppy.com/
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