BCE plan of arrangement approved - Debenture holders' lawsuits dismissed
Siemens PLM Software Sponsored Race Teams Off to a Roaring StartRoush Fenway Racing Driver Carl Edwards Wins Back-to-Back NASCAR Sprint Cup Series RacesHendrick Motorsports Driver Dale Earnhardt Jr. and Joe Gibbs Racing Driver Denny Hamlin Win Pre-Season RacesKB Racing's Greg Anderson Wins NHRA Season Opener
PLANO, Texas, March 8 /PRNewswire/ -- Siemens PLM Software, a business unit of the Siemens Industry Automation Division and a leading global provider of product lifecycle management (PLM) software and services, today announced that Siemens PLM Software-sponsored racing teams -- whose cars are developed with the help of Siemens PLM Software technology -- are off to a strong start to the 2008 racing season.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO )
Roush Fenway Racing's Carl Edwards won back-to-back NASCAR(R) Sprint Cup Series races. Edwards won the Auto Club 500 at California Speedway and the UAW-Dodge 400 at Las Vegas Motor Speedway.
Dale Earnhardt Jr., the newest Hendrick Motorsports driver, won the Budweiser Shootout, the traditional kickoff to the NASCAR Sprint Cup season held the week before the Daytona 500 at Daytona International Speedway.
Earnhardt also won the Gatorade Duel 1 and Joe Gibbs Racing driver Denny Hamlin won the Gatorade Duel 2 at Daytona International Speedway.
KB Racing's Greg Anderson, the three-time NHRA Pro Stock world champion, won the CARQUEST AUTO PARTS WINTERNATIONALS, the season opener in Pomona, Calif.
"Siemens PLM Software congratulates the winning teams and we wish the teams good luck in the 2008 season," said Dave Shirk, executive vice president of Global Marketing for Siemens PLM Software. "Siemens PLM Software is proud of our relationship with the racing teams and along with our customers is pleased to know that our solutions help the teams succeed."
A Tradition of Technology and Tracks
Siemens PLM Software has a long tradition of providing NX(TM) software, Siemens' comprehensive digital product development solution, and Teamcenter(R) software, Siemens' digital lifecycle management solution and the world's most widely used PLM portfolio, through racing sponsorships. Hendrick Motorsports, winner of the 2006 and 2007 NASCAR Sprint Cup Championship; Joe Gibbs Racing, winner of the 2005 NASCAR Sprint Cup Championship; Roush Fenway Racing, winner of the 2003 and 2004 NASCAR Sprint Cup Championship; and Andretti Green Racing, winner of the 2004, 2005 and 2007 Indy Racing League(R) (IRL) IndyCar(R) Series Championship; have been using Siemens PLM Software for many years to help develop their cars and improve their performance on the race track. KB Racing, winner of the 2003, 2004, 2005 and 2006 National Hot Rod Association (NHRA) Pro Stock Championship, began using Siemens PLM Software technology in 2005, and the Renault F1 Team, winner of the 2005 Formula One Drivers and Constructors Championships, established a partnership in 2004 using Tecnomatix(R) software, Siemens PLM Software's best-in-class digital manufacturing solution.
About Siemens PLM Software
Siemens PLM Software, a business unit of the Siemens Industry Automation Division, is a leading global provider of product lifecycle management (PLM) software and services with 4.6 million licensed seats and 51,000 customers worldwide. Headquartered in Plano, Texas, Siemens PLM Software's open enterprise solutions enable a world where organizations and their partners collaborate through Global Innovation Networks to deliver world-class products and services. For more information on Siemens PLM Software products and services, visit http://www.siemens.com/plm.
About the Siemens Industry Automation Division
The Siemens Industry Automation Division (Nuremberg), a division of the Siemens Industry Sector, is a worldwide leader in the fields of automation systems, low-voltage switchgear and industrial software. Its portfolio ranges from standard products for the manufacturing and process industry to solutions for whole industries and systems that encompass the automation of entire automobile production facilities and chemical plants. As a leading software supplier, Industry Automation optimizes the entire value added chain of manufacturers -- from product design and development to production, sales and a wide range of maintenance services.
Note: Siemens and the Siemens logo are registered trademarks of Siemens AG. NX, Teamcenter and Tecnomatix are trademarks or registered trademarks of Siemens Product Lifecycle Management Software Inc. or its subsidiaries in the United States and in other countries. Indy Racing League, IRL and IndyCar are trademarks or registered marks of Brickyard Trademarks Inc. or its subsidiaries in the United States and in other countries. NASCAR is a trademark or registered mark of National Association for Stock Car Auto Racing, Inc. or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Siemens PLM Software
CONTACT: Salim Rahimi of Siemens PLM Software, +1-972-987-3206,
salim.rahimi@siemens.com
Web site: http://www.siemens.com/plm
http://www.automation.siemens.com/
Global Crossing Announces Conference Call for Fourth Quarter and Full Year 2007 Financial Results
FLORHAM PARK, N.J., March 7 /PRNewswire-FirstCall/ -- Global Crossing will conduct a conference call on Wednesday, March 12, 2008 at 9:00 a.m. EDT. CEO John Legere and CFO Jean Mandeville will discuss financial results for the fourth quarter and full year 2007.
The call may be accessed by dialing +1 212 271 4606 or +44 (0) 870 001 3120. Callers are advised to dial in 15 minutes prior to the 9:00 a.m. EDT start time. The call also will be Webcast at http://investors.globalcrossing.com/events.cfm.
A replay of the call will be available on Wednesday, March 12, 2008 beginning at 11:00 a.m. EDT and will be accessible until Wednesday, March 19, 2008 at 11:00 a.m. EDT. To access the replay, North American callers should dial +1 402 977 9140 or +1 800 633 8284 and enter reservation number 21378561. Callers in the United Kingdom should dial +44 (0) 870 000 3081 or +44 (0) 800 692 0831 and enter reservation number 21378561.
ABOUT GLOBAL CROSSING
Global Crossing provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects approximately 390 cities in more than 30 countries worldwide, and delivers services to approximately 690 cities in more than 60 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide.
Global Crossing IP services are global in scale, linking the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of data, voice and security products to approximately 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs. Its Professional Services and Managed Solutions provide VoIP, security and network consulting and management services to support its Global Crossing IP VPN service and Global Crossing VoIP services. Global Crossing was the first global communications provider with IPv6 natively deployed in both its private and public backbone networks.
Please visit http://www.globalcrossing.com/ or blogs.globalcrossing.com/ for more information about Global Crossing.
Statements in this press release about expected future events and financial results are forward-looking and subject to risks and uncertainties that could cause the actual results to differ materially, including risks referenced from time to time in the company's filings with the Securities and Exchange Commission. Global Crossing undertakes no duty to update information contained in this press release or in other public disclosures at any time.
CONTACT GLOBAL CROSSING:
Press Contact
Becky Yeamans
+ 1 973 937 0155
PR@globalcrossing.com
Analysts/Investors Contact
Suzanne Lipton
+ 1 800 836 0342
glbc@globalcrossing.com
IR/PR1
Global Crossing
CONTACT: Press Contact, Becky Yeamans, +1-973-937-0155,
PR@globalcrossing.com; or Analysts, Investors Contact, Suzanne Lipton,
1-800-836-0342, glbc@globalcrossing.com
Web site: http://www.globalcrossing.com/
http://investors.globalcrossing.com/events.cfm
http://blogs.globalcrossing.com/
BCE plan of arrangement approved - Debenture holders' lawsuits dismissed
MONTREAL, Quebec, March 7 /PRNewswire-FirstCall/ -- BCE Inc. (TSX, NYSE: BCE) today announced that the Quebec Superior Court has approved BCE's plan of arrangement for the company's privatization transaction and dismissed all claims asserted by or on behalf of certain holders of Bell Canada debentures.
"We are very pleased with the Superior Court's decisions. On every point of contention, the Court ruled in favour of BCE," said Martine Turcotte, Chief Legal Officer of BCE and Bell Canada. "The Court's decisions affirm our long-standing position that the claims of these debentureholders are without merit and that BCE acted in accordance with its rights and obligations with respect to the debentureholders. We now look forward to closing the privatization transaction with the investor group led by Teachers' Private Capital, the private investment arm of the Ontario Teachers' Pension Plan, Providence Equity Partners, Madison Dearborn Partners, and Merrill Lynch Global Private Equity," added Martine Turcotte.
The remaining conditions to the closing of the privatization transaction include the required approvals of the Canadian Radio-television and Telecommunications Commission and Industry Canada. Subject to any appeal by the debentureholders and the timing and terms of such an appeal, BCE expects the transaction to close in the first part of the second quarter of 2008.
In the event the debentureholders decide to appeal the Quebec Superior Court's judgments, they have agreed the appeal must be filed with the Quebec Court of Appeal by March 17, 2008.
Caution Concerning Forward-Looking Statements
This news release contains forward-looking statements relating to the proposed privatization of BCE, legal proceedings related thereto and other statements that are not historical facts. Such forward-looking statements are subject to important risks, uncertainties and assumptions including, in particular, the inherent uncertainty regarding the conduct, outcome and timing of any litigation. The results or events predicted in these forward-looking statements may differ materially from actual results or events. As a result, we cannot guarantee that any forward-looking statement will materialize.
The completion of the proposed privatization transaction is subject to a number of terms and conditions, including, without limitation: (i) approval of the CRTC and Industry Canada, (ii) resolution of any appeal filed by the debentureholders, if any, with regard to the approval of the plan of arrangement and any related stay or injunction that would prevent closing pending resolution of such appeal, and (iii) certain termination rights available to the parties under the definitive agreement dated June 29, 2007 governing the terms of the transaction. These approvals may not be obtained, the other conditions to the transaction may not be satisfied in accordance with their terms, and/or the parties to the definitive agreement may exercise their termination rights, in which case the proposed privatization transaction could be modified, restructured or terminated, as applicable. Failure to complete the proposed privatization transaction could have a material adverse impact on the market price of BCE's shares
The forward-looking statements contained in this news release are made as of the date of this release and, accordingly, are subject to change after such date. Except as may be required by Canadian securities laws, we do not undertake any obligation to update or revise any forward-looking statements contained in this news release, whether as a result of new information, future events or otherwise. Additionally, we undertake no obligation to comment on expectations of, or statements made by, third parties in respect of the proposed privatization transaction. For additional information with respect to certain of these and other assumptions and risks, please refer to the definitive agreement dated June 29, 2007, as well as BCE's 2007 Second Quarter MD&A dated July 31, 2007, BCE's 2007 Third Quarter MD&A dated November 6, 2007 and BCE's management proxy circular dated August 7, 2007, all filed by BCE with the Canadian securities commissions (available at http://www.sedar.com/) and with the U.S. Securities and Exchange Commission (available at http://www.sec.gov/). These documents are also available on BCE's website at http://www.bce.ca/.
About BCE Inc.
BCE is Canada's largest communications company, providing the most comprehensive and innovative suite of communication services to residential and business customers in Canada. Under the Bell brand, the Company's services include local, long distance and wireless phone services, high-speed and wireless Internet access, IP-broadband services, information and communications technology services (or value-added services) and direct-to-home satellite and VDSL television services. BCE also holds an interest in CTVglobemedia, Canada's premier media company. BCE shares are listed in Canada and the United States.
BCE Inc
CONTACT: Jacques Bouchard, Media Relations, (514) 391-2007,
1-877-391-2007, jacques.bouchard1@bell.ca; Thane Fotopoulos, Investor
Relations, (514) 870-4619, thane.fotopoulos@bell.ca; Bernard le Duc, Investor
Relations, (514) 870-8276, bernard.leduc@bell.ca
News Archives of March 2008
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
News Archives other dates
2009: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2008: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2007: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2006: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec