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Companies news of 2007-12-31 (page 1)

  • e-Smart Technologies, Inc. Responds to Information Subpoenas From Securities & Exchange...
  • Fryeburg, Maine Residents to Benefit from Verizon Wireless Network ExpansionInvesting to...
  • Motorola and Metrologic Resolve Patent Disputes
  • Merrimac Announces Sale of Substantially All of the Assets of Filtran Microcircuits Inc....
  • Consolidated Communications Completes Acquisition of North Pittsburgh Systems, Inc. and...
  • SPX Corporation Completes Acquisition of APV
  • Ninetowns Reports Second Quarter 2007 Results
  • Nam Tai Completes Previously Announced Reorganization of Nam Tai GroupAfter the...
  • Limelight Networks Response to Litigation With Level 3 Communications Inc.
  • Maxcom Telecomunicaciones Announces Expiration of the Exchange Offer for its 11% Senior...
  • Vonage and Nortel Agree to Settle Patent Dispute
  • Radware Announces Q4 Earnings Conference CallMonday, January 28, 2008 08:45 AM (EST)
  • Verizon Wireless Customers Expected to Exchange More Than 300 Million Messages This New...
  • Magic Software Announces Sale of AOD Subsidiary to Fortissimo Capital for $17M
  • Billerica, Burlington and Wilmington, Massachusetts Residents to Benefit From Verizon...
  • Buxton, Maine Residents to Benefit From Verizon Wireless Network ExpansionInvesting to...
  • Eddington and Orono, Maine Residents to Benefit From Verizon Wireless Network...



    e-Smart Technologies, Inc. Responds to Information Subpoenas From Securities & Exchange Commission

    NEW YORK, Dec. 31 /PRNewswire-FirstCall/ -- via COMTEX -- As discussed by e-Smart Technologies, Inc. (Pink Sheets: ESMT); ("e-Smart" or the Company") during its December 27, 2007 Telephonic Shareholder Conference Call, the Securities and Exchange Commission (SEC) has initiated an inquiry and has issued subpoenas to the Company for documents including those relating to certain loans made to e-Smart from its parent company IVI Smart Technologies Inc., ("IVI") and Intermarket Ventures, Inc. As in all such inquiries, the SEC has confirmed that it is conducting a "non-public fact-finding inquiry" and that its inquiry "does not mean that [the SEC] have a negative opinion of any person, entity or security" or "that anyone has broken the law." As confirmed by the Company's legal counsel during that telephonic conference, "we received those requests for information, we've reviewed them and we're in the process of complying with all requests for information that come from the SEC."

    The Company's legal counsel, Maranda Fritz, also provided an update relating to other important legal issues affecting the Company including the Company's pending litigation in the Northern District of California which resulted from the actions taken by two convicted felons, Wayne Drizin and Michael Gardiner, and Gardiner's company, ID Smart. Fritz advised that the court issued an order prohibiting Drizin from any involvement in the biometric smart card industry, and barring Gardiner from using any e-Smart technology. The court further ordered that those defendants return to e-Smart any and all property of the Company that they possessed. The Company is seeking a permanent injunction to prevent any use in the future of e-Smart's technology by Drizin and Gardiner and ID Smart.

    The issuance of subpoenas by the SEC may also relate to further efforts by Gardiner and the other defendants to damage the Company and its shareholders. In November of 2007, Gardiner issued a public release stating that he had written a letter to the SEC claiming that the Company should have but did not publicly report their own -- Gardiner's and Drizin's -- wrongful conduct and their attempted theft of the Company's property. Details of these actions by Drizin and Gardiner were made public by the Company in a November 14, 2007 press release "e-Smart Technologies Responds to Press Release Issued by IDsmart LLC," and is available on the Company's website http://www.e-smart.com/.

    In response to the SEC's inquiry, Mary Grace, CEO of e-Smart said, "The SEC is dedicated to the protection of the shareholders of public companies, and as the protection of our shareholders is my utmost concern, I am grateful that the SEC is looking into these issues. The actions of Gardiner and Drizin did cause damage to our shareholders because the Company was forced to take legal action to protect its intellectual property, and experienced delays in production. That Gardiner then tried to use his own fraudulent conduct to support his claims to the SEC, we believe, makes a mockery of the SEC and constitutes another act of securities fraud, the same conduct for which he already stands convicted. The Company will make available all information requested by the SEC so they can fully review the actions of Wayne Drizin and Michael Gardiner/ID Smart against our shareholders and our Company. I am confident that, after the SEC looks at all matters relating to our Company, they will take appropriate steps to address the repeated instances of wrongful conduct by Drizin and Gardiner, and protect our Company and others from such conduct in the future."

    e-Smart Technologies, Inc., is the exclusive supplier of the Biometric Verification Security(TM) (BVS2(TM)) system, the Super Smart Card(TM) system technology and related system technologies for Asia, Africa and the US, which e-Smart believes to be the world's first smartcard of its kind with an on-card sensor and a full match on-card system and other unique technologies for secure biometric ID verification. e-Smart's next generation technologies allow governments, public and private institutions, healthcare providers and insurers, companies large and small, to provide a superior level of protection. The Super Smart Card(TM) system technology and BVS2(TM) security system can secure countries from criminal and terrorist threats, stop ID and payment fraud, along with identity theft in connection with physical and logical access and financial transactions, including telephone, Internet payment and other financial and data related transactions all while protecting individual privacy.

    SAFE HARBOR STATEMENT

    Statements in this news release that relate to future plans, financial results or projections, events or performance are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. While these statements are made to convey to the public the Company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent the management's opinion. While management believes such representations to be true and accurate based on information available to the Company at this time, actual results may differ materially from those described.

    For more information about e-Smart Technologies, please visit http://www.e-smart.com/ or contact Media Relations at 703-768-7477 or mediarelations@e-smart.com

    e-Smart Technologies, Inc.

    CONTACT: Media Relations of e-Smart Technologies, Inc., +1-703-768-7477,
    mediarelations@e-smart.com

    Web site: http://www.e-smart.com/




    Fryeburg, Maine Residents to Benefit from Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Voice, Multimedia and Internet Access

    FRYEBURG, Maine, Dec. 31 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local residents in Oxford County, Verizon Wireless, operator of the nation's most reliable wireless network, has expanded its network with a new cell site. The new site provides coverage and capacity along Routes 302, 5, and 113 in the town of Fryeburg, as well as the surrounding area.

    Verizon Wireless invested $145 million during the first six months of the year to enhance wireless capacity and coverage throughout the six states of New England, elevating the cumulative network investment in the region to more than $2 billion since 2000. Nationally the company invests more than $1 billion every 90 days to stay ahead of the growing demand for Verizon Wireless voice and data services, including picture messaging, text messaging, BroadbandAccess high-speed internet and the company's exclusive V CAST service. The company's ongoing network investment now totals more than $40 billion nationally over the past seven years.

    BroadbandAccess Revision A offers computer users the nation's most reliable high-speed wireless mobile broadband network, operating at average upload speeds between 500 and 800 kbps, and download speeds between 600 kbps and 1.4 mbps. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones over Verizon Wireless' high-speed EV-DO network.

    Strong demand for Verizon Wireless services continued during the third quarter of 2007 as the company added 1.6 million net new customers and also reported the lowest customer turnover (highest customer loyalty) rate in the wireless industry.

    The company's 'nation's most reliable wireless network' reputation is based on network studies performed by real-life test men and test women throughout the country who inspired the "can you hear me now" national advertising campaign. Nationally, these test men and women drive nearly 100 specially equipped vehicles almost 1,000,000 miles annually on Interstate, U.S. and state highways as well as major roads and surface streets in high- population areas, based upon U.S. Census counts, to confirm that voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.

    About Verizon Wireless

    Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 63.7 million customers. The largest U.S. wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 68,000 employees nationwide. The company is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). Find more information on the Web at http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

    Verizon Wireless

    CONTACT: Michael Murphy of Verizon Wireless, +1-781-932-1213,
    Michael.murphy@verizonwireless.com, or Anne Elise O'Connor of Thomson
    Communications, +1-617-548-2765, Aeoc@thomsoncommunications.com, for Verizon
    Wireless

    Web site: http://www.verizonwireless.com/




    Motorola and Metrologic Resolve Patent Disputes

    SCHAUMBURG, Ill. and BLACKWOOD, N.J., Dec. 31 /PRNewswire-FirstCall/ -- Motorola, Inc. and Metrologic Instruments, Inc. of Blackwood, New Jersey announced today that Motorola together with its subsidiary, Symbol Technologies, Inc., and Metrologic Instruments, Inc. and its subsidiaries have reached an agreement that settles all outstanding patent infringement disputes between the two companies.

    Since 2002, Metrologic and Symbol have been engaged in a number of patent disputes involving technology in the fields of barcode scanning and mobile computing. The agreement announced today ends all pending litigation.

    Under the settlement agreement the parties have entered into a patent cross-license for a limited term in the field of barcode scanning and mobile computing. The specific terms of the settlement are confidential.

    About Motorola

    Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of Seamless Mobility, the people of Motorola are committed to helping you get and stay connected simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $42.8 billion in 2006. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.

    About Metrologic

    As Metrologic Instruments, Inc. celebrates its 40th anniversary, it continues to be a global supplier of choice for data capture and collection hardware and software. Metrologic delivers innovative products that are reliable and supported by a superior level of personal service. Metrologic products are sold worldwide through sales, service and distribution offices located in North & South America, Europe, Australia and Asia. For more information, please visit http://www.metrologic.com/.

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO
    http://www.newscom.com/cgi-bin/prnh/20020415/MOTNOTAGLOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Motorola, Inc.

    CONTACT: Bill Abelson of Motorola Enterprise Mobility business,
    +1-631-738-4751, bill.ableson@motorola.com; or Michael Coluzzi of Metrologic
    Instruments, Inc., +1-856-228-8100, M.Coluzzi@metrologic.com

    Web site: http://www.motorola.com/
    http://www.metrologic.com/




    Merrimac Announces Sale of Substantially All of the Assets of Filtran Microcircuits Inc. to Firan Technology Group Corporation

    WEST CALDWELL, N.J., Dec. 31 /PRNewswire-FirstCall/ -- Merrimac Industries, Inc. , a leader in the design and manufacture of RF Microwave components, subsystem assemblies and micro-multifunction modules (MMFM(R)), today announced that it has sold substantially all of the assets of its wholly-owned subsidiary, Filtran Microcircuits Inc. ("Filtran"), to Firan Technology Group Corporation ("FTG") (TSX: FTG), a manufacturer of high technology/high reliability printed circuit boards, that has operations in Toronto, Ontario, Canada and Chatsworth, California.

    The transaction was effected pursuant to an asset purchase agreement entered into between Merrimac, Filtran and FTG. The total consideration payable by FTG is Canadian $1,450,000 plus the assumption of certain liabilities of approximately Canadian $360,000. FTG paid Canadian $800,000 of the purchase price at closing, with the balance payable near the conclusion of an eight-week transitional period.

    About Merrimac

    Merrimac Industries, Inc. is a leader in the design and manufacture of RF Microwave signal processing components, subsystem assemblies, and Multi-Mix(R) micro-multifunction modules (MMFM(R)), for the worldwide Defense, Satellite Communications (Satcom), Commercial Wireless and Homeland Security market segments. Merrimac is focused on providing Total Integrated Packaging Solutions(R) with Multi-Mix(R) Microtechnology, a leading edge competency providing value to our customers through miniaturization and integration. Multi-Mix(R) MMFM(R) provides a patented and novel packaging technology that employs a platform modular architecture strategy that incorporates embedded semiconductor devices, MMICs, resistors, passive circuit elements and plated- through via holes to form a three-dimensional integrated module used in High Power, High Frequency and High Performance mission-critical applications. Merrimac Industries facilities are registered under ISO 9001:2000, an internationally developed set of quality criteria for manufacturing operations.

    Merrimac Industries, Inc. has facilities located in West Caldwell, NJ and San Jose, Costa Rica and has approximately 180 co-workers dedicated to the design and manufacture of signal processing components, gold plating of high- frequency microstrip and bonded stripline Teflon (PTFE) circuits and subsystems providing Total Integrated Packaging Solutions(R) for wireless applications. Merrimac (MRM) is listed on the American Stock Exchange. Multi- Mix(R), Multi-Mix PICO(R), MMFM(R), System In A Package(R), SIP(R) and Total Integrated Packaging Solutions(R) are registered trademarks of Merrimac Industries, Inc. For more information about Merrimac Industries, Inc. please visit our website http://www.merrimacind.com/ .

    This press release contains statements relating to future results of the Company (including certain projections and business trends) that are "forward- looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: risks associated with demand for and market acceptance of existing and newly developed products as to which the Company has made significant investments, particularly its Multi-Mix(R) products; the possibilities of impairment charges to the carrying value of our Multi-Mix(R) assets, thereby resulting in charges to our earnings; risks associated with adequate capacity to obtain raw materials and reduced control over delivery schedules and costs due to reliance on sole source or limited suppliers; slower than anticipated penetration into the satellite communications, defense and wireless markets; failure of our Original Equipment Manufacturer or OEM customers to successfully incorporate our products into their systems; changes in product mix resulting in unexpected engineering and research and development costs; delays and increased costs in product development, engineering and production; reliance on a small number of significant customers; the emergence of new or stronger competitors as a result of consolidation movements in the market; the timing and market acceptance of our or our OEM customers' new or enhanced products; general economic and industry conditions; the ability to protect proprietary information and technology; competitive products and pricing pressures; our ability and the ability of our OEM customers to keep pace with the rapid technological changes and short product life cycles in our industry and gain market acceptance for new products and technologies; risks relating to governmental regulatory actions in communications and defense programs; and inventory risks due to technological innovation and product obsolescence, as well as other risks and uncertainties as are detailed from time to time in the Company's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact: Mason N. Carter, Chairman & CEO 973-575-1300, ext. 1202 mnc@merrimacind.com

    Merrimac Industries, Inc.

    CONTACT: Mason N. Carter, Chairman & CEO, Merrimac Industries, Inc.,
    +1-973-575-1300, ext. 1202, mnc@merrimacind.com

    Web site: http://www.merrimacind.com/

    Company News On-Call: http://www.prnewswire.com/comp/567525.html




    Consolidated Communications Completes Acquisition of North Pittsburgh Systems, Inc. and Plans First Quarter 2008 Launch of IPTV Service in Pennsylvania

    MATTOON, Ill., Dec. 31 /PRNewswire-FirstCall/ -- Consolidated Communications Holdings, Inc. ("Consolidated") announced today that it has completed the previously announced acquisition of North Pittsburgh Systems, Inc. ("North Pittsburgh") , for approximately $362.6 million, based upon the closing price of Consolidated's common stock on December 28, 2007. The acquired company will operate in Pennsylvania under the Consolidated Communications brand name.

    "We are excited to complete this transaction and are looking forward to the opportunities that lie ahead," said Bob Currey, Consolidated's President and Chief Executive Officer. "We have said from the start that North Pittsburgh has a strong network that, when coupled with Consolidated's back office platforms and technical experience, can be leveraged to roll out enhanced broadband services. We plan to launch our IPTV product in the North Pittsburgh area in the first quarter of 2008 and expect to pass approximately 12,000 homes at that time. By the end of 2008, we anticipate passing a total of approximately 34,000 homes."

    The merger agreement provided that North Pittsburgh shareholders could elect to receive either $25.00 in cash, without interest, or 1.1061947 shares of Consolidated common stock for each share of North Pittsburgh common stock, subject to proration so that 80 percent of the North Pittsburgh shares are exchanged for cash and 20 percent are exchanged for stock. Consolidated also announced the preliminary results of elections made by North Pittsburgh shareholders and the preliminary effect of proration. Of the 15,005,000 shares of North Pittsburgh common stock outstanding immediately prior to closing the merger, approximately:

    -- 13,378,590 shares, or 89.2 percent, elected to receive cash; -- 1,361,806 shares, or 9.1 percent, elected to receive stock; -- 264,604 shares, or 1.8 percent, did not make an effective election.

    As a result, on a preliminary basis, North Pittsburgh shares as to which a stock election was made will receive Consolidated common stock; North Pittsburgh shares as to which a cash election was made will receive cash for approximately 89.73 percent of those shares and Consolidated common stock for the remainder; and shares with respect to which no effective election was made will receive Consolidated common stock. Consolidated will not issue any fractional shares of stock and, instead, each North Pittsburgh shareholder immediately prior to the merger who would otherwise be entitled to a fractional share of Consolidated common stock (based on the total stock consideration into which the holder's North Pittsburgh shares have been converted in the merger) will receive an amount in cash equal to $18.53 multiplied by the fractional share interest to which the shareholder would otherwise be entitled.

    About Consolidated

    Consolidated Communications Holdings, Inc. is an established rural local exchange company providing voice, data and video services to residential and business customers in Illinois, Texas and Pennsylvania. Each of the operating companies has been operating in its local market for over 100 years. With approximately 286,500 ILEC access lines, 67,802 Competitive Local Exchange Carrier (CLEC) access line equivalents (including 42,317 access lines and 2,286 DSL subscribers), 79,400 DSL subscribers across all subsidiaries, and 11,100 IPTV subscribers, Consolidated Communications offers a wide range of telecommunications services, including local and long distance service, custom calling features, private line services, high-speed Internet access, digital TV, carrier access services, and directory publishing. Consolidated Communications is the 12th largest local telephone company in the United States.

    Forward-Looking Statements

    Any statements other than statements of historical facts, including statements about management's beliefs and expectations, are forward-looking statements and should be evaluated as such. These statements are made on the basis of management's views and assumptions regarding future events and business performance. Words such as "estimate," "believe," "anticipate," "expect," and similar expressions are intended to identify forward-looking statements. Forward-looking statements (including oral representations) involve risks and uncertainties that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. These risks and uncertainties include the ability of Consolidated Communications Holdings, Inc. (the "Company") to successfully integrate the operations of North Pittsburgh Systems, Inc. ("North Pittsburgh") and realize the synergies from the acquisition, as well as a number of other factors related to the businesses of the Company and North Pittsburgh, including various risks to stockholders of not receiving dividends and risks to the Company's ability to pursue growth opportunities if the Company continues to pay dividends according to the current dividend policy; various risks to the price and volatility of the Company's common stock; the substantial amount of debt and the Company's ability to incur additional debt in the future; the Company's need for a significant amount of cash to service and repay the debt and to pay dividends on the Company's common stock; restrictions contained in the Company's debt agreements that limit the discretion of management in operating the business; the ability to refinance the existing debt as necessary; regulatory changes, rapid development and introduction of new technologies and intense competition in the telecommunications industry; risks associated with the Company's possible pursuit of acquisitions; economic conditions in the Company's and North Pittsburgh's service areas in Illinois, Texas and Pennsylvania; system failures; losses of large customers or government contracts; risks associated with the rights-of-way for the network; disruptions in the relationship with third party vendors; losses of key management personnel and the inability to attract and retain highly qualified management and personnel in the future; changes in the extensive governmental legislation and regulations governing telecommunications providers and the provision of telecommunications services; telecommunications carriers disputing and/or avoiding their obligations to pay network access charges for use of the Company's network; high costs of regulatory compliance; the competitive impact of legislation and regulatory changes in the telecommunications industry; and liability and compliance costs regarding environmental regulations. These and other risks and uncertainties are discussed in more detail in the Company's and North Pittsburgh's filings with the Securities and Exchange Commission, including their respective reports on Form 10-K and Form 10-Q.

    Many of these risks are beyond management's ability to control or predict. All forward-looking statements attributable to the Company or persons acting on behalf of the Company are expressly qualified in their entirety by the cautionary statements and risk factors contained in this communication and the Company's and North Pittsburgh's respective filings with the Securities and Exchange Commission. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under the federal securities laws or the rules and regulations of the Securities and Exchange Commission, we do not undertake any obligation to update or review any forward-looking information, whether as a result of new information, future events or otherwise.

    Consolidated Communications Holdings, Inc.

    CONTACT: Stephen Jones, Vice President - Investor Relations, of
    Consolidated Communications Holdings, Inc., +1-217-258-9522,
    investor.relations@consolidated.com; or Investor Relations, Kirsten Chapman or
    Dahlia Bailey, dbailey@lhai.com, both of Lippert | Heilshorn & Associates,
    +1-415-433-3777, for Consolidated Communications Holdings, Inc.

    Web site: http://www.consolidated.com/




    SPX Corporation Completes Acquisition of APV

    CHARLOTTE, N.C., Dec. 31 /PRNewswire-FirstCall/ -- SPX Corporation today announced that it completed the acquisition of APV, a global manufacturer of process equipment and engineered solutions primarily for the sanitary market.

    "The acquisition of APV greatly enhances our process equipment operations serving key markets around the world, particularly in Europe and Asia Pacific," said Chris Kearney, Chairman, President and CEO of SPX. "With APV's broad spectrum of proven process solutions, rich heritage of innovation and wealth of engineering expertise, we are better positioned than ever to capitalize on the growing global demand for flow technology products and solutions," he added.

    APV was previously a division of Invensys PLC, an international industrial automation, transportation and controls group headquartered in London. APV's primary products include pumps, valves, heat exchangers and homogenizers for the food, dairy, beverage and pharmaceutical industries.

    SPX first announced that it had entered into a definitive agreement to acquire APV on October 31. APV will be operated as part of SPX's flow technology segment.

    SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.

    SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many environmentally friendly products, includes cooling systems for all types of power plants throughout the world; custom engineered pumps, valves and mixers that assist a variety of flow processes including oil and gas exploration, distribution and refinement; handheld diagnostic tools that aid in vehicle maintenance and repair, and power transformers that regulate voltage for electrical transmission and distribution by utility companies.

    SPX is headquartered in Charlotte, North Carolina and employs over 17,000 people worldwide in over 30 countries. Visit http://www.spx.com/ .

    Certain statements in this press release, including any statements as to the results of the transaction, benefits and synergies of the proposed transaction, and future results of operations or market opportunities, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. Other risks include difficulties in integrating APV's businesses or in achieving synergies and failure to achieve anticipated financial results from the transaction. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Statements in the press release speak only as of the date of this press release, and SPX disclaims any responsibility to update or revise such statements.

    SPX Corporation

    CONTACT: Investors, Jeremy W. Smeltser, +1-704-752-4478,
    investor@spx.com, or Media, Jennifer H. Epstein, +1-704-752-7403,
    jennifer.epstein@spx.com, both of SPX Corporation

    Web site: http://www.spx.com/




    Ninetowns Reports Second Quarter 2007 Results

    BEIJING, Dec. 31 /PRNewswire/ -- Ninetowns Internet Technology Group Company Limited , China's leading provider of online solutions for international trade, today reported its financial results for the second quarter of 2007.

    Second Quarter 2007 Business Highlights

    During the second quarter 2007, Ninetowns remained focused on developing its B2B business by completing the acquisition of Ample Spring Holdings Limited(1), a vertical search engine provider, and by formally launching tootoo.com, Ninetowns' B2B search and service platform. Ninetowns will continue to optimize tootoo.com and will deploy a nationwide sales and marketing network to support its B2B services in the coming months.

    At the same time, Ninetowns continued to maintain the value contribution from the sale and servicing of the existing iDeclare package, Ninetowns' import/export enterprise software solution. During the quarter, the Company sold 2,100 iDeclare software packages and 11,800 iDeclare service contracts. The installed customer base reached 134,300 and the free import/export e- filing software user base had 32,200 user accounts at the end of the quarter. In addition, the percentage of iDeclare customers who purchase software service renewals was around 26% at the end of the second quarter.

    Second Quarter 2007 Financial Results

    Total net revenue for the second quarter of 2007 was US$3.1 million, representing a 40.7% decrease, as compared to US$5.0 million for the second quarter of 2006. Net revenue from sales of enterprise software for the second quarter of 2007 was US$2.5 million, representing 79.4% of total net revenue, as compared to 80.0% for the second quarter of 2006. Net revenue from software development services for the second quarter of 2007 was US$0.6 million, representing 20.5% of total net revenue, as compared to 20.0% for the second quarter of 2006. The decrease in total net revenues was primarily due to the reduced sale of our iDeclare packages, resulted from the negative impact from the government agency's free software provisioning.

    Gross profit for the second quarter of 2007 was US$2.5 million, or 79.0% of total net revenue, representing a decrease of 49.3% compared to US$4.6 million, or 92.4% of total net revenue for the second quarter of 2006. The decrease in gross profit was mainly attributable to the decrease in the sales of enterprise software.

    Total operating expenses for the second quarter of 2007 were US$5.2 million, representing an increase of 70.3% from the second quarter of 2006. The increase of operating expenses is primarily attributable to the increased investment to develop and promote our B2B initiatives.

    As a result, operating loss for the second quarter of 2007 was US$2.7 million, representing a decrease as compared to operating income of US$1.8 million for the second quarter of 2006. Operating margin for the second quarter of 2007 was (85.0%), compared to 35.2% for the second quarter of 2006.

    Net loss for the second quarter of 2007 was US$1.7 million, representing a decrease as compared to net income of US$2.3 million for the second quarter of 2006. Both basic and diluted net loss per ADS for the second quarter of 2007 were US$0.05, compared to basic and diluted net income per ADS of US$0.07 and US$0.06 for the second quarter of 2006, respectively.

    The conversion of Renminbi into U.S. dollars in this release, made solely for the convenience of the reader, is based on the noon buying rate in the City of New York for cable transfers of Renminbi as certified for customs purposes by the Federal Reserve Bank of New York as of June 30, 2007, which was RMB7.6120 to US$1.00. Certain comparative figures extracted from the past releases are converted by using the rate as of the respective balance sheet date. The percentages stated in this earnings release are calculated based on Renminbi.

    Management Commentary

    Mr. Shuang Wang, Chief Executive Officer of Ninetowns, said, "We are pleased to have completed several milestones within our B2B business, including the integration of the business operation and the technology platform for tootoo.com, the launch of the third generation tootoo.com platform, and continuing expansion of our service offerings through tootoo.com. For example, we recently executed a strategic investment into a leading Chinese B2B food and beverage trade facilitator. Furthermore, in an ongoing effort to promote our expanding B2B search and value-added services, we are in the process of deploying a nationwide sales and marketing network. We are encouraged by our progress to date, and remain focused on improving our revenue streams by diversifying and enhancing our services, expanding our customer bases, and converting free users to our paid services."

    Mr. Tommy Fork, Chief Financial Officer of Ninetowns, said, "We have made good progress to expand our service offerings over the B2B platform and revitalize the value contribution of our existing import/export enterprise solutions as we firmly committed on our strategic initiative to provide total online solutions for international trade. In addition to the business operation efforts, we have also been cautious in our financial management such as maintaining a total cash and term deposit balance of US$103 million as of the end of the second quarter 2007."

    About Ninetowns Internet Technology Group Company Limited

    Ninetowns is the leading provider of online solutions for international trade, with its key services in automating import/export e- filing, as well as in operating tootoo.com, the leading B2B search and service provider for international trade. Ninetowns has been listed on the NASDAQ Stock Exchange since December 2004 under the symbol "NINE." More information can be found at http://www.ninetowns.com/english

    Forward-Looking Statements

    Certain statements in this press release include forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "project" or "continue" or the negative thereof or other similar words. All forward-looking statements involve risks and uncertainties, including, but not limited to, customer acceptance and market share gains, competition from companies that have greater financial resources; introduction of new products into the marketplace by competitors; successful product development; dependence on significant customers; the ability to recruit and retain quality employees as the Company grows; and economic and political conditions globally. Actual results may differ materially from those discussed in, or implied by, the forward-looking statements. The forward-looking statements speak only as of the date of this release and the Company assumes no duty to update them to reflect new, changing or unanticipated events or circumstances.

    Contacts: Xiaoyan Su Investor Relations Ninetowns Internet Technology Group Company Limited (+86-10) 6588-2256 ir@ninetowns.com Investor Relations (US): Mahmoud Siddig, Director Taylor Rafferty +1 (212) 889-4350 ninetowns@taylor-rafferty.com Investor Relations (HK): Ruby Yim, Managing Director Taylor Rafferty +852 3196-3712 ninetowns@taylor-rafferty.com

    (1) As of the date of this earnings release, valuation and purchase price allocation relating to the accounting for the acquisition of Ample Spring is still in progress, therefore, certain balance sheet amounts, including goodwill and acquired intangible assets, may be adjusted in subsequent periods when valuation and purchase price allocation are completed.

    NINETOWNS INTERNET TECHNOLOGY GROUP COMPANY LIMITED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS INFORMATION THREE MONTHS ENDED JUNE 30, 2006, MARCH 31, 2007 AND JUNE 30, 2007 (In thousands, except share-related data) For the three months ended June 30, June 30, Mar. 31, 2006 2006 2007 RMB US$ RMB (unaudited) (unaudited) (unaudited) Total net revenues 40,223 5,031 21,801 Cost of revenues (3,059) (383) (2,558) ______ ______ ______ Gross profit 37,164 4,648 19,243 Selling expenses (2,682) (335) (7,491) General and administrative expenses (15,588) (1,950) (15,908) Research and development expenses (4,751) (594) (7,501) Other operating income - - 310 ______ ______ ______ Income(loss) from operations 14,143 1,769 (11,347) Interest income 4,605 576 4,822 Gain on sale of marketable equity securities - - 480 ______ ______ ______ Income(loss) before provision for income taxes and minority interest 18,748 2,345 (6,045) Provision for income taxes (519) (65) (136) ______ ______ ______ 18,229 2,280 (6,181) Income (loss) before minority interest - - - Minority interest ______ ______ ______ Net income(loss) 18,229 2,280 (6,181) ______ ______ ______ Net income(loss) per share: Basic RMB 0.52 US$0.07 (RMB0.17) Diluted RMB 0.51 US$0.06 (RMB0.17) ______ ______ ______ Weighted average number of shares used in computing net income per share: Basic 34,991,834 34,991,834 34,954,753 Diluted 35,561,327 35,561,327 34,954,753 ______ _______ _______ NINETOWNS INTERNET TECHNOLOGY GROUP COMPANY LIMITED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS INFORMATION THREE MONTHS ENDED JUNE 30, 2006, MARCH 31, 2007 AND JUNE 30, 2007 (In thousands, except share-related data) For the three months ended Mar. 31, June 30, June 30, 2007 2007 2007 US$ RMB US$ (unaudited) (unaudited) (unaudited) Total net revenues 2,823 23,870 3,136 Cost of revenues (331) (5,014) (659) ______ ______ ______ Gross profit 2,492 18,856 2,477 Selling expenses (970) (9,949) (1,307) General and administrative expenses (2,060) (21,808) (2,865) Research and development expenses (971) (7,447) (978) Other operating income 40 65 9 ______ ______ ______ Income(loss) from operations (1,469) (20,283) (2,664) Interest income 624 4,000 525 Gain on sale of marketable equity securities 62 3,416 449 ______ ______ ______ Income(loss) before provision for income taxes and minority interest (783) (12,867) (1,690) Provision for income taxes (18) (52) (7) ______ ______ ______ (801) (12,919) (1,697) Income (loss) before minority interest - - - Minority interest ______ ______ ______ Net income(loss) (801) (12,919) (1,697) ______ ______ ______ Net income(loss) per share: Basic (US$0.02) (RMB0.37) (US$0.05) Diluted (US$0.02) (RMB0.37) (US$0.05) ______ ______ ______ Weighted average number of shares used in computing net income per share: Basic 34,954,753 34,962,068 34,962,068 Diluted 34,954,753 34,962,068 34,962,068 _______ _______ _______ NINETOWNS INTERNET TECHNOLOGY GROUP COMPANY LIMITED CONDENSED CONSOLIDATED BALANCE SHEET INFORMATION AS OF DECEMBER 31, 2006 AND JUNE 30, 2007 (In thousands, except share-related data) December 31, June 30, 2006 2006 2007 2007 RMB US$ RMB US$ (note) (note) (unaudited)(unaudited) ASSETS Current assets: Cash and cash equivalents and term deposits 905,857 116,074 785,324 103,169 Investment in available-for-sale securities - - 8,252 1,084 Inventories 6,820 874 4,711 619 Trade receivable, net 47,105 6,036 52,696 6,923 Other current assets 30,207 3,871 28,784 3,782 _______ _______ _______ _______ Total current assets 989,989 126,855 879,767 115,577 Goodwill 193,570 24,804 305,858 40,181 Other non-current assets 181,730 23,286 231,336 30,391 _______ _______ _______ _______ TOTAL ASSETS 1,365,289 174,945 1,416,961 186,149 _______ _______ _______ _______ LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Deferred revenue 26,383 3,381 27,950 3,672 Other current liabilities 33,299 4,267 59,366 7,799 _______ _______ _______ _______ Total current liabilities 59,682 7,648 87,316 11,471 Non-current liabilities: - - 1,020 134 FIN 48 liabilities Deferred tax liabilities 627 80 12,028 1,580 _______ _______ _______ _______ 60,309 7,728 100,364 13,185 Total liabilities Minority interest - - 30,788 4,045 Total shareholders' equity 1,304,980 167,217 1,285,809 168,919 _______ _______ _______ _______ TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 1,365,289 174,945 1,416,961 186,149 _______ _______ _______ _______ Note: The condensed balance sheet information is derived from the Company's audited financial statements included in the annual report on Form 20-F.

    Ninetowns Internet Technology Group Company Limited

    CONTACT: Xiaoyan Su, Investor Relations Ninetowns Internet Technology
    Group Company Limited, (+86-10) 6588-2256, ir@ninetowns.com; Investor
    Relations (US): Mahmoud Siddig, Director, +1-212-889-4350, Investor Relations
    (HK): Ruby Yim, Managing Director, +852 3196-3712, both of Taylor Rafferty,
    ninetowns@taylor-rafferty.com, for Ninetowns Internet Technology Group Company
    Limited

    Web site: http://www.ninetowns.com/
    http://www.ninetowns.com/english




    Nam Tai Completes Previously Announced Reorganization of Nam Tai GroupAfter the extraordinary general meeting of December 20, Implementation of the Reorganization Proposals Involving Nam Tai and its Hong Kong-Listed Subsidiaries Effectuated as of December 31, 2007

    MACAO, China, Dec. 31 /PRNewswire-FirstCall/ -- Nam Tai Electronics, Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTE) today announced that it had completed its previously announced reorganization of the Nam Tai Group structure involving its Hong Kong Stock Exchange-listed subsidiaries, Nam Tai Electronic & Electrical Products Limited ("NTEEP") and J.I.C. Technology Company Limited ("JIC"). As previously announced by Nam Tai on December 20, 2007, the minority shareholders of both NTEEP and JIC approved their company's reorganization on December 20, 2007 and as of December 31, 2007 (Hong Kong time), the Reorganization Proposals had been implemented in Macao, PRC, resulting in an organization structure of the Company and its subsidiaries in the chart below.

    (Chart: http://www.newscom.com/cgi-bin/prnh/20071231/NYM006-a ) ABOUT NAM TAI ELECTRONICS, INC.

    We are an electronics manufacturing and design services provider to a select group of the world's leading OEMs of telecommunications and consumer electronic products. Through our electronics manufacturing services operations, we manufacture electronic components and subassemblies, including LCD panels, LCD modules, RF modules, DAB modules, FPC subassemblies and image sensors modules and PCBAs for headsets containing Bluetooth wireless technology. These components are used in numerous electronic products, including mobile phones, laptop computers, digital cameras, electronic toys, handheld video game devices, and entertainment devices. We also manufacture finished products, including mobile phone accessories, home entertainment products and educational products. We assist our OEM customers in the design and development of their products and furnish full turnkey manufacturing services that utilize advanced manufacturing processes and production technologies.

    Nam Tai has two Hong Kong listed subsidiaries, Nam Tai Electronic & Electrical Products Limited ("NTEEP") and J.I.C. Technology Company Limited ("J.I.C."). Interested investors may go to the website of The Stock Exchange of Hong Kong at http://www.hkex.com.hk/ to obtain the information. The stock codes of NTEEP and JIC in The Stock Exchange of Hong Kong are 2633 and 987, respectively. Investors are reminded to exercise caution when assessing such information and not to deal with the shares of the Company based solely upon reliance on such information.

    The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

    J.I.C. Technology Company Limited (Incorporated in the Cayman Islands with limited liability) (Stock Code: 987) Completion of

    A Very Substantial Disposal, A Major Transaction and Connected Transactions

    Involving the sale of the Jetup Interest by J.I.C. Technology Company Limited to Nam Tai Electronics, Inc., and the acquisition of the Namtek Interests by J.I.C. Technology Company Limited from Nam Tai Electronic & Electrical Products Limited

    The JIC Board is pleased to announce that the Reorganization was completed on

    31st December, 2007.

    Reference is made to the circular dated 5th December, 2007 (the "Circular") and the announcement dated 20th December, 2007 made by NTEEP. Terms used in this announcement shall have the same meanings as defined in the Circular, unless the context otherwise requires.

    The JIC Board is pleased to announce that as all conditions of the JIC Agreement, the Namtek Agreement and the NTEEP Agreement had been fulfilled, completion of the Reorganization took place on 31st December, 2007 accordingly.

    Upon completion of the Reorganization, the group structure is as follows: (Chart: http://www.newscom.com/cgi-bin/prnh/20071231/NYM006-b )

    As at the date of this announcement, the executive directors are Mr. Chui Kam Wai and Dr. Yeoh Teck Hooi, the non-executive directors are Mr. Koo Ming Kown and Mr. John Quinto Farina and the independent non-executive directors are Mr. Cham Yau Nam, Mr. Leung Wai Hung and Mr. Choi Man Chau, Michael.

    By order of the board of directors of J.I.C. TECHNOLOGY COMPANY LIMITED Chui Kam Wai Chairman Hong Kong, 31st December, 2007

    The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

    Nam Tai Electronic & Electrical Products Limited (Incorporated in the Cayman Islands with limited liability) (Stock Code: 2633) Completion of A Very Substantial Acquisition, A Discloseable Transaction and Connected Transactions Involving the sale of the Namtek Interests by Nam Tai Electronic & Electrical Products Limited to J.I.C. Technology Company Limited, and the sale of the Zastron Interest and the Jetup Interest by Nam Tai Electronics, Inc. to Nam Tai Electronic & Electrical Products Limited

    The NTEEP Board is pleased to announce that the Reorganization was completed

    on 31st December, 2007.

    Reference is made to the circular dated 5th December, 2007 (the "Circular") and the announcement dated 20th December, 2007 made by NTEEP. Terms used in this announcement shall have the same meanings as defined in the Circular, unless the context otherwise requires.

    The NTEEP Board is pleased to announce that as all conditions of the JIC Agreement, the Namtek Agreement and the NTEEP Agreement had been fulfilled, completion of the Reorganization took place on 31st December, 2007 accordingly.

    Upon completion of the Reorganization, the group structure is be as follows :

    (Chart: http://www.newscom.com/cgi-bin/prnh/20071231/NYM006-c )

    As at the date of this announcement, the executive directors are Mr. Kazuhiro Asano and Ms. Wong Kuen Ling, Karene, the non-executive directors are Mr. Koo Ming Kown and Mr. John Quinto Farina and the independent non-executive directors are Mr. Chan Tit Hee, Charles, Mr. Thaddeus Thomas Beczak and Mr. Roger Simon Pyrke.

    By order of the board of directors of NAM TAI ELECTRONIC & ELECTRICAL PRODUCTS LIMITED Kazuhiro Asano Chairman Hong Kong, 31st December, 2007

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20071231/NYM006-a
    http://www.newscom.com/cgi-bin/prnh/20071231/NYM006-b
    http://www.newscom.com/cgi-bin/prnh/20071231/NYM006-c
    PRN Photo Desk, photodesk@prnewswire.com Nam Tai Electronics, Inc.

    CONTACT: Investors, John Farina of Nam Tai Electronics, Inc.,
    +853-2835-6333, or fax +853-2835-6262, shareholder@namtai.com

    Web site: http://www.namtai.com/




    Limelight Networks Response to Litigation With Level 3 Communications Inc.

    TEMPE, Ariz., Dec. 31 /PRNewswire-FirstCall/ -- Limelight Networks , the leading content delivery network (CDN) for digital media, today announced that Level 3 Communications Inc. has filed a lawsuit against Limelight Networks in which it is alleged that Limelight Networks infringes certain of Level 3's patents. Limelight Networks is aware of the allegations made against it, believes that these allegations are without merit, and intends to defend itself vigorously. Limelight Networks confirms that it respects the intellectual property rights of others and does not knowingly make use of any third party intellectual property without consent or authorization.

    About Limelight Networks

    Limelight Networks is a high performance content delivery network for digital media, providing massively scalable, global delivery solutions for on-demand and live Internet distribution of video, music, games, software and social media. Limelight Networks' infrastructure is optimized for the large object sizes, large content libraries, and large audiences associated with compelling rich media content. Limelight is the content delivery network of choice for over 1,000 companies, including many of the world's top Internet, media and entertainment companies, including Microsoft Xbox LIVE, Sony Playstation 3, Akimbo, Amazon Unbox(TM), Belo Interactive, Brightcove, "BuyMusic" @ Buy.com, DreamWorks, LLC, Facebook, FOXNews.com, IFILM, ITV Play, MSNBC.com, NC Interactive and Valve Software. For more information, visit http://www.llnw.com/.

    Safe-Harbor Statement

    This press release contains forward-looking statements concerning the company's operations and use of intellectual property. Forward-looking statements are not guarantees and are subject to a number of risks and uncertainties that could cause actual results to differ materially including, the inherent risks associated with litigation, particularly intellectual property-based litigation. The Company assumes no duty or obligation to update or revise any forward-looking statements for any reason.

    Limelight Networks

    CONTACT: Matt Hale, Chief Financial Officer, +1-602-850-5000, of
    Limelight Networks; or Phil Bourdillon or Gene Heller, +1-310-208-2550, both
    of Silverman Heller Associates; or Kristen Leon, +1-415-547-7027,
    kristenl@waggeneredstrom.com, of Waggener Edstrom Worldwide

    Web site: http://www.limelightnetworks.com/




    Maxcom Telecomunicaciones Announces Expiration of the Exchange Offer for its 11% Senior Notes Due 2014

    MEXICO CITY, Dec. 31 /PRNewswire-FirstCall/ -- -- Maxcom Telecomunicaciones, S.A.B. de C.V. ("Maxcom" or the "Company"), announced today the expiration of its offer, upon the terms and subject to the conditions set forth in the prospectus dated November 16, 2007 (as supplemented from time to time), to exchange an aggregate principal amount of U.S.$200 million of its 11% Senior Notes Due 2014 originally issued on December 20, 2006, January 10, 2007 and September 5, 2007 (collectively, the "Existing Notes") for a like amount of 11% Senior Due 2014 which have been registered with the Securities and Exchange Commission ("SEC") under the Securities Act of 1933.

    The exchange offer expired on December 28, 2007 at 5:00 p.m., New York City Time. Approximately U.S.$11.3 million in aggregate principal amount (or 100%) of the outstanding 11% Senior Notes issued pursuant to Regulation 144A under CUSIP numbers 57773AAG7 and 57773AAH5 were tendered upon expiration of the exchange offer. Approximately U.S.$188.2 million in aggregate principal amount of the outstanding 11% Senior Notes issued pursuant to Regulation S under CUSIP numbers P6464EAE8 and P6464EAG3 (or 99.7%) were tendered upon expiration of the exchange offer. The Existing Notes which were not tendered in the exchange offer will remain subject to existing transfer restrictions.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy any Existing Notes or any other security, and shall not constitute an offer, solicitation or sale in any jurisdiction in which or to any persons to whom such offering, solicitation or sale would be unlawful.

    Maxcom Telecomunicaciones, S.A.B. de C.V., headquartered in Mexico City, Mexico, is a facilities-based telecommunications provider using a "smart- build" approach to deliver last-mile connectivity to micro, small and medium-sized businesses and residential customers in the Mexican territory. Maxcom launched commercial operations in May 1999 and is currently offering local, long distance, data, value-added, CATV and IP-based services on a full basis in greater metropolitan Mexico City, Puebla, Queretaro and Toluca, and on a selected basis in several cities in Mexico. The information contained in this press release is the exclusive responsibility of Maxcom Telecomunicaciones, S.A.B. de C.V. and has not been reviewed by the Mexican National Banking and Securities Commission (CNBV) or any other authority. The registration of the securities described in this press release before the National Registry of Securities (Registro Nacional de Valores) held by the CNBV, shall it be the case, does not imply a certification of the investment quality of the securities or of Maxcom's solvency. The trading of these securities by an investor will be made under such investor's own responsibility.

    This document may include forward-looking statements that involve risks and uncertainties that are detailed from time to time in the U.S. Securities and Exchange Commission filings of the Company. Words such as "estimate," "project," "plan," "believe," "expect," "anticipate," "intend," and similar expressions may identify such forward-looking statements. The Company wants to caution readers that any forward-looking statements in this document or made by the company's management involves risks and uncertainties that may change based on various important factors not under the Company's control. These forward-looking statements represent the Company's judgment as of the date of this document. The Company disclaims, however, any intent or obligation to update these forward-looking statements.

    Maxcom Telecomunicaciones, S.A.B. de C.V.

    CONTACT: Jose-Antonio Solbes, Maxcom Telecomunicaciones, S.A.B. de C.V.,
    (52 55) 1163 1005, investor.relations@maxcom.com; Lucia Domville,
    +1-646-284-9416, ldomville@hfgcg.com, for Maxcom Telecomunicaciones, S.A.B. de
    C.V.

    Web site: http://www.maxcom.com/




    Vonage and Nortel Agree to Settle Patent Dispute

    HOLMDEL, N.J., Dec. 31 /PRNewswire-FirstCall/ -- Vonage and Nortel today announced that they have agreed in principle to end the litigation pending between them. The contemplated settlement involves a limited cross license to three Nortel and three Vonage patents and will not call for any monetary payments by any party. Claims relating to past damages and the remaining patents will be dismissed without prejudice. The settlement is subject to final documentation.

    "We are pleased to resolve this issue and enter into a productive relationship with Nortel," said Vonage Chief Legal Officer Sharon O'Leary.

    About Vonage

    Vonage is a leading provider of digital phone services with over 2.5 million subscriber lines. Our award-winning technology enables anyone to make and receive phone calls with a touch tone telephone almost anywhere a broadband Internet connection is available. We offer feature-rich and cost-effective communication services that offer users an experience similar to traditional telephone services.

    Our Residential Premium Unlimited and Small Business Unlimited calling plans offer consumers unlimited local and long distance calling, and popular features like call waiting, call forwarding and voicemail -- for one low, flat monthly rate. For more information about Vonage's products and services, please visit http://www.vonage.com/.

    Vonage Holdings Corp. is headquartered in Holmdel, New Jersey. Vonage(R) is a registered trademark of Vonage Marketing Inc., a subsidiary of Vonage Holdings Corp.

    Vg-a

    Vonage

    CONTACT: Charles Sahner of Vonage, +1-732-528-2677,
    Charles.Sahner@vonage.com

    Web site: http://www.vonage.com/




    Radware Announces Q4 Earnings Conference CallMonday, January 28, 2008 08:45 AM (EST)

    TEL AVIV, Israel, December 31 /PRNewswire-FirstCall/ -- Radware , the leading provider of integrated application delivery solutions for business-smart networking, will present its fourth quarter financial results in a conference call on Monday, January 28, 2008 at 08:45 AM (EST).

    Radware management will host a teleconference at 8:45 EDT, to discuss the fourth quarter results and the company's outlook. Please call the following dial-in numbers to participate in the fourth quarter 2007 call:

    PARTICIPANTS IN THE US CALL: Toll Free 1-888-428-4480 PARTICIPANTS INTERNATIONALLY CALL: +1-612-332-0345 About Radware

    Radware , the global leader in integrated application delivery solutions, assures the full availability, maximum performance, and complete security of business-critical applications for more than 5,000 enterprises and carriers worldwide. With APSolute(TM), Radware's comprehensive and award-winning suite of intelligent front end, access, and security products, companies in every industry can drive business productivity, improve profitability, and reduce IT operating and infrastructure costs by making their networks "business-smart". For more information, please visit http://www.radware.com/.

    This press release may contain forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the Application Switching or Network Security industry, changes in demand for Application Switching or Network Security products, the timing and amount or cancellation of orders and other risks detailed from time to time in Radware's filings with the Securities and Exchange Commission, including Radware's Form 20-F.

    Contact: Meir Moshe, Chief Financial Officer, Radware Ltd. +011-972-3766-8610

    Radware Ltd

    CONTACT: Contact: Meir Moshe, Chief Financial Officer, Radware Ltd.
    +011-972-3766-8610




    Verizon Wireless Customers Expected to Exchange More Than 300 Million Messages This New Year's Eve

    BASKING RIDGE, N.J., Dec. 31 /PRNewswire/ -- Spreading New Year's wishes is more fun with text, picture and video messages from Verizon Wireless, the leading wireless company with the nation's most reliable wireless voice and data network. This New Year's Eve, Verizon Wireless expects its customers to send and receive more than 300 million messages in the 16 hours between 12 p.m. today and 4 a.m. ET New Year's Day.

    Mike Lanman, vice president and chief marketing officer for Verizon Wireless, said, "During holidays such as New Year's Eve, text, picture and video messages allow our customers to personalize their communications with friends and family. Last New Year's Eve, our customers sent and received more than 284 million text messages and nearly 4.75 million multimedia messages, so we fully expect to surpass the 300 million mark tonight."

    Verizon Wireless currently offers more than two dozen phones that allow customers to send and receive text, picture and video messages, including two of this year's holiday favorites -- the Venus(TM) and Voyager(TM) by LG. During the third quarter of 2007, customers exchanged more than 721 million picture and video messages over Verizon Wireless' nationwide network and sent or received nearly 36.5 billion text messages. In June 2007, Verizon Wireless customers helped the company set an industry record -- more than 10 billion text messages were exchanged in a single month.

    For more information about Verizon Wireless products and services, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com/.

    About Verizon Wireless

    Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 63.7 million customers. The largest U.S. wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 68,000 employees nationwide. The company is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). Find more information on the Web at http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

    Verizon Wireless

    CONTACT: Tom Pica of Verizon Wireless, +1-908-559-7516,
    Thomas.Pica@verizonwireless.com

    Web site: http://www.verizonwireless.com/




    Magic Software Announces Sale of AOD Subsidiary to Fortissimo Capital for $17M

    OR YEHUDA, Israel, December 31 /PRNewswire-FirstCall/ -- Magic Software Enterprises Ltd. , a leading provider of business integration and application development technology, today announced the sale of the entire share capital of Advanced Answers on Demand (AOD), a wholly owned subsidiary, to Fortissimo Capital for the sum of $17 million in cash. The purchase price is payable in two installments that are payable by the end of January 2008.

    In addition, as part of the transaction, Magic Software has entered into a three years license agreement with AOD which will allow AOD to continue and resell Magic's portfolio of leading products. The Company expects to record a one-time capital gain of over $9M from the sale in the fourth quarter of 2007.

    AOD develops application software targeted at the long-term care industry, including retirement and continuing care facilities, home health and rehabilitation agencies.

    "We are pleased with this transaction, which we view as an important step forward in our long-term strategy focused on developing our core business," said Eitan Naor, President and CEO of Magic Software. "During the past few months, we have made encouraging progress in our main business, and this transaction allows us to dedicate resources to our strategic priorities. As we look forward into 2008 we aim to continue growing and improving our core business while selling other vertical assets not related to our main focus. We commence 2008 well positioned as a focused company with over $30M in cash after giving effect to this transaction."

    Details of the transaction and its impact on Magic Software's financials will be provided in the Company's fourth quarter and year end earnings release and conference call.

    Yuval Cohen, Founding and Managing Partner of Fortissimo Capital Fund stated: "We are excited about the opportunity presented by AOD whose software applications are based on Magic's leading product portfolio. Together with AOD's existing management team and solid customer base, we believe we can further enhance its leadership position in a large and growing market and capitalize on its unique business model."

    About Fortissimo Capital

    Fortissimo Capital is a special situations private equity fund investing primarily in public and private technology companies that require a capital infusion to expand their business. Fortissimo Capital executes long term investments and seeks to partner with management to facilitate growth and maximize value. Fortissimo is backed by 15 financial institutions including insurance companies, banks and pension funds. For more information about Fortissimo Capital, please visit http://www.ffcapital.com/.

    About Magic Software Enterprises

    Magic Software Enterprises Ltd. has been a leader in enterprise application development, deployment and integration technology for more than two decades. The company's service-oriented (SOA) platforms are used by companies worldwide to develop, maintain, and deploy both legacy and new business solutions, while integrating these applications across both internal and external, heterogeneous environments. Magic Software's platform-independent methodology lets companies achieve agility by quickly assembling composite applications, allowing programmers to create services and architects and business analysts to orchestrate and reuse these services to enable business processes. Through partnerships with industry leaders such as IBM and SAP and more than 2500 ISVs worldwide, Magic Software technology is used by more than 1.5 million customers around the globe. For more information on Magic Software Enterprises Ltd. and its products and services, visit http://www.magicsoftware.com/.

    Magic Software is a subsidiary of the Formula Systems and Emblaze Group of companies.

    Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.

    Contact: David Zigdon, CFO, Magic Software Enterprises Ltd. Tel. +972(0)3-538-9600, dzigdon@magicsoftware.com

    Magic Software Enterprises Ltd

    CONTACT: Contact: David Zigdon, CFO, Magic Software Enterprises Ltd.,
    Tel. +972(0)3-538-9600, dzigdon@magicsoftware.com




    Billerica, Burlington and Wilmington, Massachusetts Residents to Benefit From Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Voice, Multimedia and Internet Access

    BILLERICA, Mass., Dec. 30 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local residents in Middlesex County, Verizon Wireless, operator of the nation's most reliable wireless network, has expanded its network with a new cell site. The new site improves coverage and capacity along Routes 62, 3a, and 129 in the towns of Billerica, Burlington, and Wilmington, Massachusetts, as well as the surrounding area.

    Verizon Wireless invested $145 million during the first six months of the year to enhance wireless capacity and coverage throughout the six states of New England, elevating the cumulative network investment in the region to more than $2 billion since 2000. Nationally the company invests more than $1 billion every 90 days to stay ahead of the growing demand for Verizon Wireless voice and data services, including picture messaging, text messaging, BroadbandAccess high-speed internet and the company's exclusive V CAST service. The company's ongoing network investment now totals more than $40 billion nationally over the past seven years.

    BroadbandAccess Revision A offers computer users the nation's most reliable high-speed wireless mobile broadband network, operating at average upload speeds between 500 and 800 kbps, and download speeds between 600 kbps and 1.4 mbps. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones over Verizon Wireless' high-speed EV-DO network.

    Strong demand for Verizon Wireless services continued during the third quarter of 2007 as the company added 1.6 million net new customers and also reported the lowest customer turnover (highest customer loyalty) rate in the wireless industry.

    The company's 'nation's most reliable wireless network' reputation is based on network studies performed by real-life test men and test women throughout the country who inspired the "can you hear me now" national advertising campaign. Nationally, these test men and women drive nearly 100 specially equipped vehicles almost 1,000,000 miles annually on Interstate, U.S. and state highways as well as major roads and surface streets in high- population areas, based upon U.S. Census counts, to confirm that voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.

    About Verizon Wireless

    Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 63.7 million customers. The largest U.S. wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 68,000 employees nationwide. The company is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). Find more information on the Web at http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

    Verizon Wireless

    CONTACT: Michael Murphy, Verizon Wireless, +1-781-932-1213,
    Michael.murphy@verizonwireless.com; or Anne Elise O'Connor, Thomson
    Communications, +1-617-548-2765, Aeoc@thomsoncommunications.com

    Web site: http://www.verizonwireless.com/
    http://www.verizonwireless.com/multimedia




    Buxton, Maine Residents to Benefit From Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Voice, Multimedia and Internet Access

    BUXTON, Maine, Dec. 30 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local residents in York County, Verizon Wireless, operator of the nation's most reliable wireless network, has expanded its network with a new cell site. The new site provides coverage and capacity along Routes 4, 202, 22 and 11 in the southern part of the town of Buxton, as well as the surrounding area.

    Verizon Wireless invested $145 million during the first six months of the year to enhance wireless capacity and coverage throughout the six states of New England, elevating the cumulative network investment in the region to more than $2 billion since 2000. Nationally the company invests more than $1 billion every 90 days to stay ahead of the growing demand for Verizon Wireless voice and data services, including picture messaging, text messaging, BroadbandAccess high-speed internet and the company's exclusive V CAST service. The company's ongoing network investment now totals more than $40 billion nationally over the past seven years.

    BroadbandAccess Revision A offers computer users the nation's most reliable high-speed wireless mobile broadband network, operating at average upload speeds between 500 and 800 kbps, and download speeds between 600 kbps and 1.4 mbps. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones over Verizon Wireless' high-speed EV-DO network.

    Strong demand for Verizon Wireless services continued during the third quarter of 2007 as the company added 1.6 million net new customers and also reported the lowest customer turnover (highest customer loyalty) rate in the wireless industry.

    The company's 'nation's most reliable wireless network' reputation is based on network studies performed by real-life test men and test women throughout the country who inspired the "can you hear me now" national advertising campaign. Nationally, these test men and women drive nearly 100 specially equipped vehicles almost 1,000,000 miles annually on Interstate, U.S. and state highways as well as major roads and surface streets in high- population areas, based upon U.S. Census counts, to confirm that voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.

    About Verizon Wireless

    Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 63.7 million customers. The largest U.S. wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 68,000 employees nationwide. The company is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). Find more information on the Web at http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

    Verizon Wireless

    CONTACT: Michael Murphy, Verizon Wireless, +1-781-932-1213,
    Michael.murphy@verizonwireless.com, or Anne Elise O'Connor, Thomson
    Communications, +1-617-548-2765, Aeoc@thomsoncommunications.com

    Web site: http://www.verizonwireless.com/
    http://www.verizonwireless.com/multimedia




    Eddington and Orono, Maine Residents to Benefit From Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Voice, Multimedia and Internet Access

    EDDINGTON, Maine, Dec. 30 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local residents in York County, Verizon Wireless, operator of the nation's most reliable wireless network, has expanded its network with a new cell site. The new site provides coverage and capacity along Route 178 in the town of Eddington and Route 2 in the town of Orono, as well as the surrounding area.

    Verizon Wireless invested $145 million during the first six months of the year to enhance wireless capacity and coverage throughout the six states of New England, elevating the cumulative network investment in the region to more than $2 billion since 2000. Nationally the company invests more than $1 billion every 90 days to stay ahead of the growing demand for Verizon Wireless voice and data services, including picture messaging, text messaging, BroadbandAccess high-speed internet and the company's exclusive V CAST service. The company's ongoing network investment now totals more than $40 billion nationally over the past seven years.

    BroadbandAccess Revision A offers computer users the nation's most reliable high-speed wireless mobile broadband network, operating at average upload speeds between 500 and 800 kbps, and download speeds between 600 kbps and 1.4 mbps. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones over Verizon Wireless' high-speed EV-DO network.

    Strong demand for Verizon Wireless services continued during the third quarter of 2007 as the company added 1.6 million net new customers and also reported the lowest customer turnover (highest customer loyalty) rate in the wireless industry.

    The company's 'nation's most reliable wireless network' reputation is based on network studies performed by real-life test men and test women throughout the country who inspired the "can you hear me now" national advertising campaign. Nationally, these test men and women drive nearly 100 specially equipped vehicles almost 1,000,000 miles annually on Interstate, U.S. and state highways as well as major roads and surface streets in high- population areas, based upon U.S. Census counts, to confirm that voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.

    About Verizon Wireless

    Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 63.7 million customers. The largest U.S. wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 68,000 employees nationwide. The company is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). Find more information on the Web at http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.

    Verizon Wireless

    CONTACT: Michael Murphy, Verizon Wireless, +1-781-932-1213,
    Michael.murphy@verizonwireless.com; or Anne Elise O'Connor of Thomson
    Communications, +1-617-548-2765, Aeoc@thomsoncommunications.com

    Web site: http://www.verizonwireless.com/
    http://www.verizonwireless.com/multimedia

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    News archive of December 2009
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