Companies news of 2008-03-11 (page 4)
Bay Area's Crystal Springs Golf Course Now Sports ProLink GPSPlayers Get Strategic Aid and...
Shares of MyStarU.com, Inc. Begin Trading on the Frankfurt Stock Exchange
Waytronx Introduces Industry's First Single-Slot, Integrated 400-Watt CPU Cooler to the...
Oracle Releases Oracle(R) CRM On Demand Release 15Oracle CRM On Demand Release 15 Delivers...
AT&T Announces OPT-E-WAN a Virtual Private LAN Service With National and Global...
NetSuite CEO Zach Nelson to Provide Keynote Address at Societe Generale Global Software On...
AltiGen Communications and SYNNEX Corporation Advance Distribution Partnership
Oracle Integrates Oracle's JD Edwards EnterpriseOne and Oracle's DemantraLatest...
Directed Electronics, Inc. Announces Date of Fourth Quarter and Full Year 2007 Conference...
TELUS Deploys Appfluent to Improve BI and Data Warehouse Performance ManagementAppfluent...
EGIL Completes Beta Test with Action Electric and Reports a Total Success
City of Clearwater Implements Oracle(R) Utilities Work and Asset ManagementFlorida...
Oracle Introduces Oracle(R) Mobile Sales Assistant for Oracle CRM On Demand for...
Seagate Among '100 Best Corporate Citizens' According to CRO Magazine
SAIC Awarded $48 M Task Order Under GSA Millennia ContractCompany to Provide IT Services...
Magal Receives an Order to Protect an International Airport in Central Asia
New Study Forecasts Explosive Growth of the Digital Universe; Spotlights Worldwide...
International Game Technology Management to Present at the Deutsche Bank Securities...
ATA Announces Results for Fiscal Third Quarter 2008
Ormat Technologies, Inc. to Participate in the Citi Small and Mid-Cap Conference
/C O R R E C T I O N -- Qualcomm Incorporated/
FiberTower Announces Investor Day at CTIA 2008
U.S. Computer Manufacturer to Use Dow Corning Electronics' TC-5121 Thermally Conductive...
GigaMedia: Record Profit of $38.9 Million in 2007 on 77% Revenue Growth
Trimble Demonstrates the Connected Community and Interactive Real-Time Communication for...
Hutchison Telecom 2007 Annual Results Announcement Press Conference
Trimble Introduces Real-time Material Density Information for Earthworks CompactionNew...
Rainmaker Signs New Client to Deploy Comprehensive Global Marketing, Sales and Event...
Trimble SCS900 Site Controller Software Increases Efficiency and Productivity Through...
CBIU Signs Agreement with LGLY Advertising LTD
Bay Area's Crystal Springs Golf Course Now Sports ProLink GPSPlayers Get Strategic Aid and Quicker Pace of Play
CHANDLER, Ariz., March 11 /PRNewswire-FirstCall/ -- ProLink Solutions, a wholly-owned subsidiary of ProLink Holdings Corp. (BULLETIN BOARD: PLKH) and the world's leading provider of Global Positioning Satellite ("GPS") golf course management systems and digital out-of-home on-course advertising, today announced that Crystal Springs Golf Course (Burlingame, Calif.) now features the ProLink Solutions GPS system used at many of the world's most famous golf courses.
Designed by legendary architect William Herbert Fowler and opened in 1924, Crystal Springs is one of the most unique golf courses in the Bay Area. The hilly layout challenges golfers with uneven lies and well bunkered greens, following the natural lay of the land near Crystal Springs Reservoir. The course is part of a 32,000-acre wildlife refuge and offers splendid views of the reservoir and nearby Coastal Range.
"Crystal Springs is a classic layout that requires golfers to think their way around, and the ProLink GPS system is a great strategic aid," said Steve Bratcher, general manager at Crystal Springs. "Pace of play picks up when golfers can access their yardage right from the cart, and that makes for a better experience. ProLink also helps us manage our cart fleet and delivers increased customer service from food-and-beverage to tournament operations, so it's a win-win for golfers and Crystal Springs Golf Course."
"We are proud to call Crystal Springs a trusted partner -- it is one of Northern California's truly original courses," said Lawrence D. Bain, CEO of ProLink Solutions. "Whether classic or modern, golf courses enhance the playing experience and boost the bottom line with ProLink GPS."
With ProLink's patented, 10.4" high-resolution color screen -- the industry's largest -- Crystal Springs' cart-mounted units display dynamic, easy-to-read graphics including distances to the pin and hazards, pro tips, pace-of-play timer and radial arc for cart-path-only holes. Golfers at Crystal Springs will also be able to order food and beverage items with a touch of a button on the ProLink screen.
For more information on Crystal Springs Golf Course, visit http://www.playcrystalsprings.com/ or call 650.342.4188.
About ProLink
ProLink Solutions is the world's leading provider of GPS golf course management systems and revenue-generating on-course advertising. ProLink Solutions' core philosophy is to be a "Trusted Partner" to its golf-course customers. From enhancing golfers' overall experience and improving pace-of-play, to increasing current revenue streams and creating new profit centers for golf courses, ProLink Solutions' products and services have captured markets both nationally and globally. For more information about ProLink, visit http://www.goprolink.com/, call 480.753.2337 or email info@goprolink.com.
CONTACT:
Daniel Mitchell
Buffalo Communications
253.312.4536
dmitchell@billycaspergolf.com
Investor Relations Contact:
CEOcast, Inc.
Gary Nash
212.732.4300
gnash@ceocast.com
ProLink Holdings Corp.
CONTACT: Daniel Mitchell of Buffalo Communications, +1-253-312-4536, dmitchell@billycaspergolf.com; or Investor Relations, Gary Nash of CEOcast, Inc., +1-212-732-4300, gnash@ceocast.com, both for ProLink Holdings Corp.
Web site: http://www.goprolink.com/ http://www.playcrystalsprings.com/
Shares of MyStarU.com, Inc. Begin Trading on the Frankfurt Stock Exchange
BEIJING, March 11 /Xinhua-PRNewswire-FirstCall/ MyStarU.com, Inc., (BULLETIN BOARD: MYST) , is pleased to announce that its common stock is now listed for trading on the Frankfurt Stock Exchange under the symbol (FWB: TQF). The International Security Identification Number (ISIN) number is US6286361026.
The Frankfurt exchange is the third-largest organized exchange-trading market in the world (just behind the NYSE and NASDAQ), in terms of turnover and dealings in securities. Consequently, MYST anticipates a much wider, international market access for its shares. The listing on the Frankfurt Stock Exchange will provide increased exposure to worldwide capital markets and will enable European institutional and individual investors to trade the Corporation's common stock in Euros. This new listing will not dilute MYST shares in any way.
886 AG, a major German investment banking and brokerage firm acted as the designated sponsor of MYST for the Frankfurt listing. 886 AG has extensive experience on the FWB and XETRA. 886 AG is a full member of the Frankfurt Stock Exchange and XETRA.
"With our increased business dealings in Germany and our increasing European shareholder base we felt a presence on one of the European stock exchanges was important for MYST and its shareholders," stated Alan Lun, CEO of MyStarU.com, Inc.
The Frankfurt Exchange was founded over four hundred years ago and is operated by Deutsche Borse AG. The Frankfurt Exchange Open Market is home to equities from over 60 different countries, with North American companies representing approximately 40% of the stocks listed. For more information, visit the Frankfurt Stock Exchange at http://deutsche-boerse.com/ .
About MyStarU.com, Inc.
MyStarU.com, Inc. (MYST) is a Total Solutions Provider that offers Integrated Communications Network Solutions and Internet Content Service in universal voice, video, data web and mobile communications for interactive media applications, technology and content leaders in interactive multimedia communications. It develops, markets and sells a universal media software solution for enterprise-wide deployment of integrated voice, video, data web and mobile communications and media applications. MyStarU.com, Inc. does business in Asia via its wholly-owned subsidiaries, Mystaru Ltd. ( http://www.mystaru.com/ , http://www.skyestar.com/ , http://www.goongreen.org/ , http://www.icurls.com/ ) and majority owned subsidiary Subaye.com, Inc. ( http://www.subaye.com/ ).
Safe Harbor
The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward- looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
For more information, please contact:
Ms. Helen Wang
MyStarU.com, Inc.
Tel: +86-10-67026968
Email: IR@MyStarU.com
MyStarU.com, Inc.
CONTACT: Ms. Helen Wang of MyStarU.com, Inc., +86-10-67026968, or IR@MyStarU.com
Web site: http://www.mystaru.com/ http://www.skyestar.com/ http://www.goongreen.org/ http://www.icurls.com/ http://www.subaye.com/
Waytronx Introduces Industry's First Single-Slot, Integrated 400-Watt CPU Cooler to the European Market; Confirms Initial Delivery of WayCool Carbon Interface to OCZ TechnologyWayCool(TM) U400NT supports the industry's move toward integrated computing systems that deliver ultimate performance and rich graphics from a compact design
VISTA, Calif., March. 11 /PRNewswire-FirstCall/ -- Waytronx, Inc. (BULLETIN BOARD: WYNX) , the leading provider of openly licensable advanced systems cooling solutions, today announced that it has introduced the WayCool(TM) U400NT reference design to the European market. WayCool U400NT, the revolutionary single-slot 400-Watt integrated CPU and peripherals cooler, simplifies cooling architecture by replacing heat sinks, active air fans and coolers, as well as liquid CPU coolers, and is compatible with Intel and AMD processors.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080116/CLW101-b )
The extremely quiet, fan-less WayCool U400NT reference design is the industry's first cooler that can manage multiple heat sources on the motherboard in a single slot configuration. These features make the WayCool U400NT a critical component of integrated computing systems that can deliver superior multimedia, memory, connectivity, performance and display flexibility from ultra compact designs. The WayCool U400NT reference design, introduced to the U.S. market at the 2008 Consumer Electronics Show in January, and now available in Europe, supports systems designers looking to build smaller and more powerful workstations, portable devices and PCs.
Some of the industry's leading cooling solution manufacturers, graphic chip suppliers and system designers attending the CeBIT 2008 Conference in Hannover, Germany last week responded enthusiastically to the technology's compact feature and cooling capabilities during demonstrations of the WayCool U400NT plumbed to two of the industry's most powerful graphic cards.
"It was very apparent at CeBIT that the graphics card market, in particular, is eager to have a truly silent cooling solution which takes up less real estate on the motherboard. The ability of our U400NT to cool multiple high-end GPU cards with a fan-less, single slot solution dramatically and efficiently addresses both of those concerns," said William Clough, chief executive officer of Waytronx, Inc.
The licensable WayCool U400NT reference design is a complete cooling platform which includes the innovative WayCool(TM) carbon technology. WayCool carbon technology, which will soon ship to OCZ Technology to power one the industry's most powerful CPU coolers, offers up to four times the heat transfer capability of copper plates, which are commonly used in cooling solutions today.
Leveraging science and advance materials technology, the WayCool U400NT is able to address extreme heat from multiple sources in a compact configuration that is also efficient in terms of power consumption. Demonstration of the plumbed architecture confirmed that the WayCool U400NT is capable of up to 400 Watts of thermal management capacity for the hottest graphics CPUs and peripherals.
Additionally, Waytronx confirms that the first order of WayCool carbon interfaces will be shipped to OCZ Technology later this month. The carbon interface material is to be used in OCZ's new HydroJet CPU cooler, which incorporates a key technology from the WayCool U400DT cooler reference design.
According to Cliff Melby, Waytronx chief operating officer, "I was gratified to confirm at CeBIT that OCZ is moving forward on this exciting project. The implementation of such new and unique technology is always a challenging and time consuming proposition, but we are nearing the first commercialization of the WayCool Technology in a market-leading product, the OCZ HydroJet."
About the WayCool U400NT
The WayCool U400NT is a pre-defined, tested and optimized reference design to address extreme heat and improve system performance in specific engineering combinations. The WayCool U400NT replaces heat sinks, active air fans and coolers, and liquid CPU coolers, and is compatible with Intel and AMD processors. WayCool U400NT can be plumbed to alternative heat sources such as graphic cards, memory or northbridge chipsets. The design allows one cooler to manage multiple heat sources on the motherboard without fans, multiple pumps or additional loss of real estate, for improved processor performance and maximum over-clocking performance.
About Waytronx, Inc.
Waytronx, Inc. has pioneered and is commercializing innovative thermal management solutions capable of revolutionizing industries including semiconductor, solar, government and electronic packaging, among others. Utilizing its patented WayCool(TM) hybrid mesh architecture, Waytronx can enhance system performance and remove thermal barriers caused by "microwarming" in today's advanced computing devices. The Company delivers licensable reference designs for central and graphics processors, solar energy cooling and power supply cooling. These solutions deliver more cost effective and efficient thermal management to the industry. Waytronx is headquartered in the San Diego area. For more information, please visit http://www.waytronx.com/.
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the company and its operations, are included in certain forms the company has filed with the Securities and Exchange Commission.
WayCool, WayFast, Waytronx and OnScreen are trademarks of Waytronx, Inc. Other names and brands are the property of their respective owners.
Photo: http://www.newscom.com/cgi-bin/prnh/20080116/CLW101-b AP Archive: http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
Waytronx, Inc.
CONTACT: Josie Lee, Brodeur, +1-602-808-1162, Jlee@brodeur.com, for Waytronx, Inc.
Web site: http://www.waytronx.com/
Oracle Releases Oracle(R) CRM On Demand Release 15Oracle CRM On Demand Release 15 Delivers End-User Productivity Enhancements With New Social Networking, Collaboration and Mobile Capabilities
REDWOOD SHORES, Calif., March 11 /PRNewswire-FirstCall/ --
-- Oracle announced Oracle(R) CRM On Demand Release 15, the
latest release of Oracle's industry-leading on demand CRM service that
continues Oracle's commitment to CRM innovation by introducing powerful
new Social CRM capabilities, including social networking and
collaboration capabilities to enhance end-user productivity.
-- Social CRM enables users to become more effective and productive in
their jobs through easy-to-use, focused collaborative applications that
become 'smarter' by leveraging the collective intelligence of social
networks and work both within and outside the barriers of companies.
-- Enhanced collaboration in Oracle CRM On Demand Release 15 is driven by
the combination of Sticky Notes and a Message Center, allowing
back-and-forth commentary that is up-to-date, consolidated,
centralized, and easily accessible and viewable through a home page,
without having to navigate to specific records. For example, pertinent
team members can subscribe to sticky notes, creating a social network
that is associated with an opportunity where all members of the network
are kept up to date simultaneously.
-- With 15 releases in the past four and a half years, Oracle delivers
even more ease-of-use enhancements to Oracle CRM On Demand customers,
including end-user customization of Oracle CRM On Demand objects via
widgets, gadgets and personal portals, as well as user interface
integration with other Web applications.
-- Customers can take Oracle CRM On Demand objects, such as top accounts
or contacts and include them within their web portal applications, such
as iGoogle or MyYahoo!, and easily incorporate content from other web
applications and RSS feeds. This enables users to continuously access
updated key CRM information without having to leave their preferred
portal.
-- Oracle CRM On Demand Release 15 also builds on its leading analytics
features with customizable dashboards that can be tailored for specific
business needs and metrics of individual organizations.
-- Today Oracle also announces Oracle Mobile Sales Assistant, a new
product that redefines mobile CRM access and productivity for Oracle
CRM On Demand customers.
Supporting Quotes
-- "The Message Center and Widgets in Oracle CRM On Demand Release 15 will
enable disparate teams in ADP's Tax Credit Services to work with the
application in the manner that best suits their needs," said Onyeka
Shakur, Project Manager, ADP Tax Credit Services. "Our Client Services
team loves the capability of Message Center to leave notes for and send
notes to other team members about a particular entity, while our
Product Management team is equally excited about using Widgets to
populate a favorite list from Oracle CRM On Demand into another
application."
-- "The collaborative Social CRM capabilities in Oracle CRM On Demand
Release 15 meshes extremely well with Business Link North East's goals
to provide our customers with the services they need in a timely manner
so they in turn are successful in the marketplace," said Gary Slater,
Head of Business Systems, Business Link North East. "We believe that
the enhanced collaboration capabilities Release 15 brings to the table
will further unite our 140 field-based staff and their
headquarters-based colleagues to create more value for all parties."
-- "'Enterprise 2.0' has set a new bar for software applications
providers," said Mary Wardley, VP CRM Applications, IDC. "With Release
15 of Oracle CRM On Demand, Oracle is making the concept of Enterprise
2.0 tangible by tying social networking and collaboration directly into
their CRM offering."
-- "Oracle continues to be an innovation trailblazer with the introduction
of Oracle CRM On Demand Release 15," said Oracle Senior Vice President
of CRM Anthony Lye. "This heralds a radically new Web 2.0 approach to
end-user collaboration and productivity that drives further
ease-of-use, while providing management with real-time pipeline
visibility and security for the underlying corporate data."
Supporting Resources
-- Oracle Introduces Mobile Sales Assistant for Oracle CRM On Demand (see
related announcement) --
http://www.oracle.com/corporate/press/2008_mar/msa.html
-- Oracle CRM On Demand Homepage --
http://www.oracle.com/crmondemand/index.html
-- Product Page --
http://www.oracle.com/crmondemand/products/release15/index.html
-- Datasheet -- http://tinyurl.com/2t4389
-- Demo Video -- http://tinyurl.com/26jyrx
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
This document is for informational purposes only and may not be incorporated into a contract or agreement.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Oracle
CONTACT: Susie Penner of Oracle, +1-650-506-1973, susanne.penner@oracle.com; or Aaron Wessels of Blanc and Otus, +1-415-378-8090, awessels@blancandotus.com, for Oracle
Web site: http://www.oracle.com/
AT&T Announces OPT-E-WAN a Virtual Private LAN Service With National and Global ReachCompany Also Expands Midband Ethernet Capability by Introducing Three New Connection Speeds Below 10 Mbps
SAN ANTONIO, March 11 /PRNewswire-FirstCall/ -- AT&T Inc. today announced the introduction of expanded capabilities of AT&T's Ethernet portfolio with the rollout of a global virtual private local area network service (VPLS) and expanded midband Ethernet connection speeds -- including speeds below 10 Mbps -- that enable businesses to use Ethernet services over copper wires.
AT&T's VPLS service called OPT-E-WAN(SM), will enable businesses to link multiple locations -- whether across town or around the world -- with all the ease and efficiency of a point-to-point Ethernet connection. The service is expected to be available beginning this summer. Throughout 2008, AT&T plans to make these services available in the U.S. and in 14 overseas locations -- Frankfurt, London, Brussels, Paris, Amsterdam, Stockholm, Dublin/Cork, Milan, Madrid and Zurich in Europe; and Hong Kong, Sydney, Singapore, Tokyo in the Asia/Pacific region.
Because OPT-E-WAN uses the same simple and highly scalable Ethernet interfaces, businesses will have a great deal of flexibility to mix and match bandwidth and security among locations. This will allow network managers to assign network resources across the virtual LANs with a level of sophistication not possible before.
Demand for Ethernet services worldwide continues to expand, reaching a global market size of nearly $12 billion in 2007, according to the research firm, Ovum(1). That growth is being driven by the need that businesses of all sizes have for affordable and easy-to-manage bandwidth to support next-generation enterprise applications including disaster recovery, storage and converged voice and video. Ovum also notes that Ethernet service over copper wires is the fastest-growing segment of the Ethernet market, with growth expected to continue.
"OPT-E-WAN will provide users with a new level of choices for establishing virtual LAN or WAN connections, unlike other services -- such as traditional Frame Relay -- that typically limit users to point-to-point connections," said Sanford Brown, vice president, AT&T Connectivity and Metro Network Services. "Because it uses Ethernet interfaces, OPT-E-WAN can be configured easily in a variety of ways to meet customer needs whether they require point-to-point, multipoint or multipoint-to-multipoint connections.
"And when combined with the power and global reach of AT&T's Multiprotocol Label Switching (MPLS) core, customers will get the look and feel of a metro Ethernet network that can handle converged voice, data and video applications globally, along with the ability to scale it seamlessly," Brown said.
New OPT-E-MAN Connection Speeds
At the same time, AT&T is adding new connection speeds of 2 Mbps, 4 Mbps, and 8 Mbps to its OPT-E-MAN(R) switched metro Ethernet service that uses AT&T's MPLS network backbone to transport voice, data and video applications to multiple locations. The new speeds will be available in AT&T's 13-state legacy footprint, and will be supported by AT&T's industry-leading service level agreements offered with OPT-E-MAN service. AT&T already offers 2 Mbps, 4 Mbps, and 8 Mbps Metro Ethernet(R) speeds in the nine-state Southeast footprint.
The lower speeds will help businesses connect to Ethernet services over fiber facilities or over copper facilities, eliminating the need for businesses to invest in expensive fiber build outs when copper facilities are readily available. For example, businesses with large data centers located in a metro area may need to connect multiple smaller offices, or branch offices, to their centrally located centers. These smaller locations may require less bandwidth and may reside in suburban or rural areas where copper facilities are more accessible.
Pricing for the new connection speeds is based on a combination of the rate, level of support and grade of service, and contract terms range from one to five years.
For more information on AT&T's portfolio of Ethernet services, go to http://www.business.att.com/access_and_local
(1) Ovum RHK, "Forecast: Enterprise Ethernet Services, Global,"
Oct. 15, 2007
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Michael Lordi, +1-908-234-6071, mobile, +1-908-329-4854, mlordi@attnews.us, for AT&T; or Janet Wyles of AT&T, +1-908-234-6067, mobile, +1-732-331-6754, wyles@att.com
Web site: http://www.att.com/
NetSuite CEO Zach Nelson to Provide Keynote Address at Societe Generale Global Software On Demand Conference in London
SAN MATEO, California and LONDON, March 11 /PRNewswire/ --
- Keynote to Showcase Advances in NetSuite's ERP / Accounting Software,
CRM Software and Ecommerce Software Suite
- Event to be Webcast Live on NetSuite's Investor Relations Website
NetSuite Inc. (NYSE: N), a leading vendor of on-demand, integrated
business software suites that include Enterprise Resource Planning (ERP) /
Accounting software, Customer Relationship Management (CRM) and Ecommerce
software for small and midsized businesses and divisions of large companies,
today announced that Zach Nelson, CEO of NetSuite, will deliver the keynote
presentation on Tuesday, March 18, 2008, at 4:30 a.m. (PDT) / 7:30 a.m. (EDT)
/ 11:30 a.m. (GMT) at the Societe Generale Global Software On Demand
Conference to be held at the Landmark Hotel in London.
(Logo: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO)
An audio webcast of Mr. Nelson's presentation will be available on
NetSuite's website at http://www.netsuite.com/investors.
About NetSuite
NetSuite Inc. is a leading vendor of on-demand, integrated business
software suites that include Accounting / Enterprise Resource Planning (ERP),
Customer Relationship Management (CRM) and Ecommerce software for small and
midsized businesses and divisions of large companies. NetSuite enables
companies to manage core business operations in a single system. NetSuite's
patent-pending "real-time dashboard" technology provides an easy-to-use view
into up-to-date, role-specific business information.
NOTE: NetSuite and the NetSuite logo are registered service marks of
NetSuite Inc.
Web site: http://www.netsuite.com
NetSuite Inc.
Investor Inquiries, IR@netsuite.com, or Media, Mei Li, Senior VP, Corporate Communications of NetSuite Inc., +1-650-627-1063, meili@netsuite.com/ Photo: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO/ AP Archive: http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
AltiGen Communications and SYNNEX Corporation Advance Distribution Partnership
FREMONT, Calif., March 11 /PRNewswire-FirstCall/ -- AltiGen(R) Communications, Inc. , a leading provider of VoIP business telephone systems and unified communications solutions for small-to-medium businesses (SMBs), including companies with multiple distributed locations, advances its distribution relationship with SYNNEX Corporation , a leading business process services company.
"Increasing our channel presence is a key element of our growth plan. Over the years, we have built a strong partner relationship with SYNNEX," said AltiGen President and COO Jeremiah Fleming. "SYNNEX has done an excellent job supporting our reseller partners. Together, AltiGen and SYNNEX will now conduct new joint sales, marketing, training and education campaigns that are focused on both the reseller and the end user. We are very excited about the next phase of our relationship."
"SYNNEX's long standing partnership with AltiGen Communications provides a strong base to drive new sales of AltiGen's comprehensive VoIP telephone systems, especially in the fast growing SMB VoIP and unified communications markets," said Bob Stegner, Senior Vice President, Marketing, North America at SYNNEX. "Together, AltiGen and SYNNEX are well positioned to leverage the next wave of business communications."
AltiGen and SYNNEX will launch new joint sales and marketing campaigns to expand the existing reseller and customer bases. These programs will consist of jointly hosted webinars, co-branded direct mail campaigns, email campaigns, and targeted telemarketing. In addition, a series of in-house and online training and education courses will be developed to serve resellers and customers.
About AltiGen Communications
AltiGen Communications, Inc. is a pioneering manufacturer of VoIP business telephone systems and call-center solutions. AltiGen designs, manufactures and markets advanced IP-PBX telephone systems and IP call centers that leverage both the Internet and the public telephone network. These products enable an array of applications that take advantage of the convergence of voice and data communications to achieve superior business results. AltiGen Communications products are available from independent, authorized resellers and strategic partners. AltiGen's AltiServ(TM) family of telephony solutions has been recognized for excellence with more than 40 industry awards since 1996. Focused on the small- to mid- sized and multi-site businesses, AltiGen customers benefit from integrated solutions that protect their existing investments, while providing new ways to be more competitive, productive and to save money. For more information, call 1-888-ALTIGEN or visit the Web site at http://www.altigen.com/.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements regarding the continued market acceptance of our voice-over-IP telephone systems and call-center solutions. our expected joint sales, marketing, training and education campaigns with SYNNEX Corporation, and the ability for SYNNEX Corporation to significantly contribute to our revenue in 2008. These statements reflect management's current expectation. However, actual results could differ materially as a result of unknown risks and uncertainties, including but not limited to, risks related to AltiGen's limited operating history. For a more detailed description of these and other risks and uncertainties affecting AltiGen's performance, please refer to AltiGen's Annual Report on Form 10-K for the fiscal year ended September 30, 2007, and all subsequent current reports on Form 8-K and quarterly reports on Form 10-Q. All forward-looking statements in this press release are based on information available to AltiGen as of the date hereof, and AltiGen assumes no obligation to update these forward-looking statements.
AltiGen Communications, Inc.
CONTACT: Niel Levonius, Sr. Product Marketing Manager of AltiGen Communications, Inc., +1-510-252-9712, ext. 415, nlevonius@altigen.com; or Investor Relations, Christiane Pelz of Lippert | Heilshorn & Associates, +1-415-433-3777, ext. 110, cpelz@lhai.com, for AltiGen Communications, Inc.
Web site: http://www.altigen.com/
Oracle Integrates Oracle's JD Edwards EnterpriseOne and Oracle's DemantraLatest Integration Enables Consumer Goods Companies to Increase Profitability and Efficiently Monitor and Control Trade Spending
REDWOOD SHORES, Calif., March 11 /PRNewswire-FirstCall/ --
-- Oracle today announced the general availability of Oracle's JD Edwards
EnterpriseOne Trade Promotions Management powered by Oracle's
Demantra.
-- By integrating Oracle's JD Edwards EnterpriseOne 8.12 and Oracle's
Demantra 7.2, consumer goods companies are equipped to efficiently
monitor and control trade spending, validate compliance, and improve
the return on investment of promotional dollars.
-- The integrated trade promotion management solution extends the
existing JD Edwards EnterpriseOne integrations to Oracle's Demantra
Demand Management, providing increased visibility into the impact of
promotions on supply chain costs, constraints and performance.
-- Oracle's Demantra is being successfully used by more than 50 JD
Edwards EnterpriseOne customers across a variety of industries and
platforms including Bush Brothers, Dal-Tile, DeRoyal, Mohawk,
Pharmavite, Red Gold, Schiff Nutrition, and Tetra Technologies.
-- With this announcement, Oracle demonstrates its commitment to
preserving customers' investments in existing Oracle Applications
while integrating best-in-class capabilities between Oracle's
different offerings.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
Oracle's JD Edwards EnterpriseOne and Oracle's Demantra Integration Details
-- By integrating the industry-leading predictive trade planning,
promotion optimization, and deduction and settlement management
functionality of Oracle's Demantra 7.2 with Oracle's JD Edwards
EnterpriseOne 8.12, companies can implement best-in-class trade
promotions management processes across their enterprise.
-- Supply chain managers can now benefit from increased visibility of
promotion data with the integration between JD Edwards EnterpriseOne
and Oracle's Demantra's Predictive Trade Planning, Oracle's Demantra
Trade Promotion Optimization, and Oracle's Demantra Deduction and
Settlement Management.
-- This integration features many enhancements that give customers an
understanding of the impact of promotions on supply chain costs and
constraints in order to optimize supply chain performance. With the
ability to execute more accurate volume forecasts, customers are
equipped to improve service levels, reduce inventory and lower
distribution costs.
Supporting Quotes
-- "With Oracle rating the highest on TPM [trade promotion management]
strategic vendor importance, the company is a strong contender to
close the application gaps in TPM."(i)
-- "Typically sales and marketing managers do not get adequate
information about the impact of their promotional initiatives on the
performance of the supply chain," said Oracle Vice President of SCM
Product Strategy, Jon Chorley. "With the integrated analysis and
insight now available between Demantra and JD Edwards EnterpriseOne,
customers can reduce ineffective promotions to spend more time on
profitable campaigns that impact both top and bottom line
performance."
Supporting Resources
Oracle Data Sheets
JD Edwards EnterpriseOne Integration: Trade Promotion Management
http://tinyurl.com/3xo9f4
JD Edwards EnterpriseOne Integration: Demantra Demand Management
http://tinyurl.com/37rkjb
Recent Press Releases
Oracle Unveils Demantra 7.1.1
http://www.oracle.com/corporate/press/2007_jun/demantra.7.html
Kehe Food Distributors Invests in Oracle's JD Edwards EnterpriseOne and Oracle's Demantra
http://www.oracle.com/corporate/press/2007_aug/kehe.html
Industry Analyst Reports
AMR Research "What is Effective Trade Promotion? Part 2," by Lora Cecere and Fenella Sirkisoon, December 11, 2007
http://tinyurl.com/2yzund
Gartner, Inc. "Oracle OpenWorld: Oracle Offers Manufacturers More Than It Communicates," by Dan Miklovic, Carol Rozwell, Peter Bambridge, Thilo Koslowski, December 13, 2007
http://mediaproducts.gartner.com/reprints/oracle/153644.html
Podcasts
Oracle's JD Edwards EnterpriseOne
http://tinyurl.com/38qp8h
Related Resources
About Oracle's Demantra
http://www.oracle.com/demantra/index.html
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
i AMR Research "What is Effective Trade Promotion? Part 2," by
Lora Cecere and Fenella Sirkisoon, December 11, 2007
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Oracle
CONTACT: Jessica Moore of Oracle, +1-650-506-8741, jessica.moore@oracle.com; or Neil Torres of Blanc & Otus, +1-415-856-5140, ntorres@blancandotus.com, for Oracle
Web site: http://www.oracle.com/
Directed Electronics, Inc. Announces Date of Fourth Quarter and Full Year 2007 Conference Call
VISTA, Calif., March 11 /PRNewswire-FirstCall/ -- Directed Electronics, Inc. announced today that it will report financial results for the fourth quarter and full year ended December 31, 2007 after the market close on Monday, March 17, 2008. The Company also announced that it will host a conference call on the same day at 5:00 p.m. Eastern Time. The Company will discuss its results for the fourth quarter and full year of 2007. The conference call may include forward-looking statements.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020424/DIRECTLOGO)
To participate in the conference call, investors should dial 800-762-8779 ten minutes prior to the call. International callers should dial 480-248-5081. A telephone replay of the call will be available through 11:59 p.m. Eastern Time on March 31, 2008 by calling 800-406-7325 (passcode: 3853738). International callers should dial 303-590-3030 and use the same passcode.
The call will be open to all interested investors through a live audio Web broadcast via the Internet at http://www.directed.com/. For those who are not available to listen to the live broadcast, the call will be archived for a period of 90 days.
About Directed Electronics
Headquartered in Southern California, Directed Electronics is the largest designer and marketer in North America of premium home theater loudspeakers sold under the Polk Audio(R) and Definitive Technology(R) brand names, and consumer-branded vehicle security and remote start systems sold under the Viper(R), Clifford(R), Python(R) and Autostart(R) brand names. Directed is also the largest aftermarket supplier of SIRIUS satellite radios and accessories, and a major supplier of mobile audio and video. Directed markets its broad portfolio of products through many channels including leading national retailers and specialty chains throughout North America, and around the world. Founded in 1982, the company has more than 500 employees and operations in California, Maryland, Canada, Europe and Asia. For more information, please visit http://www.directed.com/.
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Directed Electronics, Inc.
CONTACT: Kevin Duffy, Chief Financial Officer of Directed Electronics, Inc., +1-760-598-6200; or John Mills of Integrated Corporate Relations, +1-310-954-1100, for Directed Electronics, Inc.
Web site: http://www.directed.com/
TELUS Deploys Appfluent to Improve BI and Data Warehouse Performance ManagementAppfluent Product Suite Non-Disruptively and Comprehensively Monitors and Analyzes IBM Cognos 8 BI Environment across both IBM DB2 and Oracle Data Warehouses
ROCKVILLE, Md., March 11 /PRNewswire/ -- Appfluent Technology, Inc. today announced that TELUS has successfully deployed the Appfluent Product Suite to improve its BI and Data Warehouse performance and increase the agility and effectiveness of its IT staff.
"We are entering into the era of pervasive BI, where low latency, in-process 'actionable' information is required to support critical tactical and strategic business decisions. Appfluent gives our Business Intelligence Competency Centre (BICC) holistic and non-invasive insight into corporate data usage, infrastructure utilization and query performance," said Simon Gratton, Director, Business Transformation at TELUS. "With ever-increasing quantities of data requiring consolidation, aggregation and transformation, and changing business needs from the resulting data warehouse information, ongoing proactive usage analytics after solution deployment are crucial to both reducing the total cost of ownership and ensuring ongoing customer satisfaction with the performance and content of the enterprise BI solution."
TELUS required the ability to accurately diagnose and remedy performance problems before they happen, provide visibility to data usage and system utilization to efficiently scale its BI and Data Warehouse environment, and reduce the complexity of its database and application systems while increasing the collaboration of their BI/ Data Warehouse teams. Appfluent answered the TELUS call by providing non-disruptive, comprehensive monitoring and analysis of the TELUS BI/ Data Warehouse environment. Because Appfluent's award-winning product suite delivers analysis via the Cognos 8 Business Intelligence platform, every member of the BI and Data Warehousing team is able to easily leverage Appfluent's usage and performance analysis.
Today, the Appfluent product suite is deployed to monitor large-scale data warehouses on both IBM DB2 and Oracle data warehouse platforms.
"Appfluent not only provided us a solution that supports our heterogeneous database environment but uniquely offered an analytical application designed for our IT team via the Cognos 8 BI Platform," added Mr.Gratton. "For the first time, we are able to directly link performance problems with specific end-user reports and queries."
IBM recently announced the DB2 Warehouse Performance Management suite teaming with Appfluent Technology to deliver the most comprehensive data warehouse lifecycle management solution that combines the Performance Optimization feature already available in DB2 Warehouse with the new Performance Monitoring feature that takes advantage of Appfluent's monitoring and workload analysis software. (http://www-03.ibm.com/press/us/en/pressrelease/22708.wss)
Cognos, an IBM Company, also recently announced a strategic partnership with Appfluent Technology to deliver software and services to improve scalability of BI applications and reduce total cost of ownership for enterprise customers. (http://www.cognos.com/news/releases/2007/0627.html)
"We are extremely pleased to add TELUS to our rapidly growing customer base of leading organizations that are deploying the Appfluent Product Suite to gain critical insight into their IT investments and to better align them with business activity and utilization," said Frank Gelbart, President and CEO, Appfluent Technology, Inc. "TELUS' selection of Appfluent validates our unique position in offering an enterprise-class solution for managing large-scale, IBM DB2 and Oracle Data Warehouse systems and Cognos BI applications."
About TELUS
TELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications company in Canada, with $9.1 billion of annual revenue and 11.1 million customer connections including 5.6 million wireless subscribers, 4.4 million wireline network access lines and 1.2 million Internet subscribers. TELUS provides a wide range of communications products and services including data, Internet protocol (IP), voice, entertainment and video. Committed to being Canada's premier corporate citizen, we give where we live. Since 2000, TELUS and our team members have contributed more than $113 million to charitable and not-for-profit organizations and volunteered more than 2.1 million hours of service to local communities. Eight TELUS Community Boards across Canada lead our local philanthropic initiatives. For more information about TELUS, please visit telus.com.
About Appfluent Technology
Appfluent Technology is the pioneer and leader of enterprise business intelligence (BI) and data warehouse management software. Appfluent's software non-disruptively captures and correlates user activity, application data, and database information for detailed usage and workload analysis.
BI and data warehousing professionals rely on Appfluent's award-winning product suite to help resolve critical query performance issues, guide data consolidation and migrations projects, and mitigate regulatory risk. With these solutions, BI and data warehousing teams and the IT support staff rely on the Appfluent Product Suite to provide daily improvements in systems performance, quarterly savings from data consolidation and migration projects, and a 24/7/365 oversight for regulatory risks. For more information about Appfluent Technology, please visit http://www.appfluent.com/.
Appfluent is a registered trademark of Appfluent Technology, Inc. All other products, services and company names mentioned herein may be trademarks of their respective owners.
Appfluent Technology, Inc.
CONTACT: Santosh Chitakki of Appfluent Technology, +1-301-770-8643
Web Site: http://www.appfluent.com/ http://www.cognos.com/news/releases/2007/0627.html http://www-03.ibm.com/press/us/en/pressrelease/22708.wss
EGIL Completes Beta Test with Action Electric and Reports a Total Success
LAUDERDALE BY THE SEA, Fla., March 11 /PRNewswire-FirstCall/ -- Edgetech International, Inc. (together with its wholly-owned subsidiary, "Edgetech" or the "Company") is proud to announce that the Company has completed a Beta Test with Action Electric to provide a Mobile Computing Solution for its field service organization. Action Electric has selected The PC Edge to manage their daily schedules, receive e-mail notifications of pending appointments, and open attached documents for job specifications. In addition The PC Edge also provides Action Electric's field service personnel GPS location information, driving directions, and remotely access inventory information.
"The PC Edge" is a robust, handheld wireless internet access device which delivers High Speed Internet Access, displaying full content HTML, web pages, graphics and java script. "The PC Edge" offers a full desktop web experience, together with a larger functional keyboard than competitive products.
Edgetech Vice President of Sales, Keith R. Jones, stated, "We are very excited to announce the success of the Action Electric service industry vertical application. We look forward to working with the service industry trade publications to share this success story within the industry and leveraging this success to roll-out this solution to this vertical market."
Action Electric Field Service Manager, Douglas Hammer, stated, "The PC Edge is now providing Action Electric with a cost effective mobile computing solution that provides our company with operating efficiencies and better customer service. The combination of size, speed, capabilities, and price makes The PC Edge a compelling solution for organizations with field service personnel."
About Edgetech International:
We are an authorized distributor of "The PC Edge". "The PC Edge" is a robust, handheld wireless internet access device which delivers High Speed Internet Access, displaying full content HTML, web pages, graphics and java script. "The PC Edge" offers a full desktop web experience, together with a larger functional keyboard than competitive products.
The Company's executive office facility is located at 218 E. Commercial Blvd., Suite 208 I, Lauderdale by the Sea, Florida 33308. Its telephone number is 954-772-7782 and its website address is http://www.thepcedge.com/.
Except for historical information, the matters discussed in this press release are "forward looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward looking statements are subject to risks and uncertainties that could cause actual results to be materially different from historical results or from any results expressed or implied by such forward looking statements. Any forward looking statements speak only as of the date on which such statement is made, are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward looking statements, whether as result of new information, future events or otherwise. Factors that could cause such results to differ materially from the results discussed in such forward looking statements include, without limitation: uncertain continued ability to meet our operational needs in view of continued severe ongoing working capital constraints; need for substantial additional capital to fully implement our plan of operations; no assurances of and uncertainty of profitability; no assurances of the Company's ability to effect sufficient product sales so as to maintain exclusivity in certain territorial markets, the result of which could materially adversely effect the Company's results of operations; need for additional management, sales and marketing personnel, which is contingent upon our receipt of additional capital; competition from companies having substantially great financial, marketing and other resources than the Company, including name and brand recognition; the impact of competitive services and pricing; changing consumer tastes and trends; and the legal, auditing and administrative cost of compliance associated with the Sarbanes Oxley Act. Many of such risk factors are beyond the Company's control. New factors emerge from time to time and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on the business of the Company or the extent to which any factor, or combination of factors may cause actual results to differ materially from those contained in any forward looking statements. In light of these risks and uncertainties, there can be no assurance that the results anticipated in these forward looking statements will in fact occur. The Company undertakes no obligation to update any such forward looking statements.
Edgetech International, Inc.
CONTACT: Gabriel Goldfine, Southeastern Financial Holdings LLC, +1-786- 629-0334, for Edgetech International, Inc.; Keith R. Jones, Vice President of Sales, Edgetech International, Inc., +1-954-772-7782
Web site: http://www.thepcedge.com/
City of Clearwater Implements Oracle(R) Utilities Work and Asset ManagementFlorida Municipality Enhances Visibility into Public Works Assets to Strengthen Budgeting, Streamline Operations and Manage Costs
REDWOOD SHORES, Calif., March 11 /PRNewswire-FirstCall/ --
-- Oracle today announced that the City of Clearwater has successfully
implemented Oracle(R) Utilities Work and Asset Management to gain a
comprehensive view of its infrastructure assets to help enhance
planning, streamline operations and contain costs.
-- The City of Clearwater's gas department is the city's fourth
department to deploy Oracle Utilities Work and Asset Management,
joining the city's Public Utilities, Solid Waste/General Services and
Police Departments on the Oracle system.
-- The City of Clearwater -- located in the Pinellas peninsula midway on
Florida's West Coast, and home to more than 110,000 permanent
residents and 20,000 additional winter residents -- required a single
asset management solution that would provide a cohesive view of
citywide capital resources while also supporting tailored requirements
for multiple departments. The city was migrating from a legacy system
that did not provide visibility across multiple departments or the
applications required to enhance asset management processes.
-- To maintain high levels of service to its citizens and complete field
maintenance to prepare for Florida's tropical storm season, the City
of Clearwater is using Oracle Utilities Work and Asset Management to
improve budgeting and planning throughout the asset lifecycle, and to
optimize its field maintenance workforce and manage costs effectively.
-- Oracle Utilities Work and Asset Management provides city managers with
an enhanced understanding of field asset maintenance costs, which is
essential to budget effectively for significant equipment repairs and
replacements. The application allows the City to take a proactive
approach to asset maintenance -- resulting in fewer unplanned system
outages due to faulty equipment. City managers also use the
information from the Oracle application to provide elected officials
and residents with quantifiable information and increased visibility
into the City's asset management operations. Further, the Oracle
system supports enhanced recordkeeping that is available to any
authorized user.
Phasing In Oracle Utilities Work and Asset Management
-- The City's leaders directed a phased, department-by-department rollout
for the Oracle Work and Asset Management application. The City
initially implemented the Oracle application in 2004 at its Public
Utilities department, which included the Water, Wastewater and
Reclaimed Water divisions. In 2006, the City rolled out the
application at the Solid Waste/General Services department, which is
responsible for citywide building and fleet maintenance. This rollout
also addressed users in the Police department responsible for asset
and property management.
-- The City's gas department, Clearwater Gas System, also went live with
the Oracle application in summer 2007. Clearwater Gas System provides
natural and propane gas equipment installation and services to 19,000
customers across a 330-square-mile service territory. The
department's 90 employees use Oracle Utilities Work and Asset
Management to proactively maintain assets, as well as more effectively
align the workforce to department priorities and develop accurate
budget forecasts.
Increasing Efficiencies Across City Government
-- Currently 200 city employees use the Oracle application. The City of
Clearwater will continue to implement Oracle Utilities Work and Asset
Management for additional asset-centric departments, including the
Parks and Recreation Department. The City will also enable mobile
asset management updates by deploying the application on laptops for
field maintenance and repairs, which will help the City make immediate
updates to the system and simplify the administration process for
employees.
Supporting Quotes
-- "Establishing visibility across multiple departments is essential to
optimizing equipment and associated staffing resources, while also
closely tracking costs. We look forward to continuing to work with
the City of Clearwater to help it maintain its highly efficient
operations," said Quentin Grady, senior vice president and general
manager, Oracle Utilities.
-- "We continue to focus on expanding our services while increasing
employee efficiency. Oracle Utilities Work and Asset Management
provides us with a clearer understanding of the maintenance status of
our diverse field assets. We are using this information to schedule
service proactively and map priorities to staff resources, which
enables us to increase productivity and service to our residents. In
the past, much of our valuable data resided with key employees. The
Oracle system provides a central source of accurate, up-to-date data,
allowing us to share information citywide and better serve our
citizens," said Dan Mayer, director of IT, Information Technology
Department, City of Clearwater.
Supporting Resources http://www.oracle.com/industries/utilities/index.html http://www.oracle.com/industries/utilities/oracle-utilities-work-asset- management.html http://www.myclearwater.com/
About Oracle Utilities
Oracle Utilities delivers the proven software applications that help utilities achieve competitive advantage, business performance excellence and a lower total cost of technology ownership. Oracle Utilities integrates industry-specific customer care and billing, network management, work and asset management, mobile workforce management and meter data management applications with the capabilities of Oracle's industry-leading enterprise applications, business intelligence tools, middleware and database technologies. Oracle Utilities enables its customers to adapt more nimbly to market deregulation, meet ever-evolving customer demands, and deliver on commitments to environmental conservation. For more information, visit http://www.oracle.com/industries/utilities.
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Trademark
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
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Oracle
CONTACT: Caroline Yu of Oracle, +1-650-506-8920, caroline.yu@oracle.com; or Janice Hazen of O'Keeffe & Company, +1-770-938-4753, jhazen@okco.com, for Oracle
Web site: http://www.oracle.com/
Oracle Introduces Oracle(R) Mobile Sales Assistant for Oracle CRM On Demand for BlackBerryOracle Redefines Mobile CRM And Continues Its Commitment to Industry-Leading CRM Innovation
REDWOOD SHORES, Calif., March 11 /PRNewswire-FirstCall/ --
-- Oracle announced Oracle(R) Mobile Sales Assistant, a new
product that redefines mobile CRM access and productivity for Oracle
CRM On Demand customers using the BlackBerry(R) wireless platform from
Research In Motion (Nasdaq: RIMM; TSX: RIM).
-- Optimized for mobile professionals, Oracle Mobile Sales Assistant is a
simple, highly intuitive application designed to help users collaborate
with colleagues and customers, complete frequent tasks while out in the
field and close deals more quickly while on the road.
-- Oracle Mobile Sales Assistant's intuitive user interface helps sales
representatives become more efficient with frequently executed tasks,
including managing appointments, collaborating with sales team members
and connecting with customer contacts.
-- With a single click, users can view account team information and
customer contact information; communicate with the team through a call,
email, or text message; and get driving directions through PIM and Web
integration.
-- Oracle Mobile Sales Assistant enables automated prompts to remind users
to follow-up or enter notes at the end of a conversation, ensuring
vital information is stored locally on their smartphone or saved to the
Oracle CRM On Demand in real-time.
-- In contrast to browser-based mobile CRM solutions on the market today,
Oracle Mobile Sales Assistant is a rich (Java) client application that
also supports offline usage and a rich, streamlined user experience.
-- Since Oracle Mobile Sales Assistant is delivered as a service, there
are low-predictable costs without set-up fees or administrative
overhead, and it is easy to deploy and manage because synchronization
is not required.
-- Oracle Mobile Sales Assistant for BlackBerry(R) smartphones on the
BlackBerry(R) Enterprise Server leverages the wireless platform's
inherent security features and push-based architecture.
-- Oracle Mobile Sales Assistant is available on BlackBerry(R) OS 4.2 for
the following devices: BlackBerry(R) 8800, 8820, 8830, BlackBerry(R)
Curve 8300, 8310 and BlackBerry(R) 8700, 8703e, 8707.
-- Oracle Mobile Sales Assistant is available for Oracle CRM On Demand
customers on the BlackBerry wireless platform for $30 per user per
month.
Oracle Mobile Sales Assistant and Social CRM
-- Since collaborative applications, social networking, and mobile are
driving forces behind Web 2.0 innovations, Oracle is investing heavily
to integrate these into Oracle technologies.
-- Social CRM enables users to become more effective and productive in
their jobs through easy-to-use, focused collaborative applications that
become 'smarter' by leveraging the collective intelligence of social
networks and work both within and outside the barriers of companies.
-- Oracle Mobile Sales Assistant embraces Social CRM to provide immediate
access to critical information -- virtually anytime, anywhere --
removing barriers to productivity and collaboration, resulting in
better customer insight that helps improve customer satisfaction,
reduce costs, and increase sales.
Supporting Quotes
-- "In a recent Yankee Group survey of on demand CRM offerings, sales
users overwhelmingly expressed interest in being connected to their CRM
data via mobile devices," said Sheryl Kingstone, Director of Enterprise
Research, Yankee Group. "Combined with an equally high number of
responses expressing interest in application ease-of-use, it is clear
that there exists a pent-up demand for consumable mobile applications
such as Oracle Mobile Sales Assistant. There is a big difference
between wireless CRM and mobile CRM."
-- "The face of mobile CRM is changing with the release of Oracle Mobile
Sales Assistant," said Oracle Senior Vice President of CRM Anthony Lye.
"Traditional mobile CRM tries to put the kitchen sink onto a mobile
device; sales professionals often don't like cumbersome CRM on their
laptops and like it even less squeezed onto a tiny screen and keyboard.
Oracle Mobile Sales Assistant takes a new, consumable approach to
delivering CRM on mobile devices with a user interface that works the
way sales teams work and finally enables significant productivity gains
over traditional mobile CRM solutions."
Supporting Resources
-- Oracle Releases Oracle CRM On Demand Release 15 (see related
announcement) --
http://www.oracle.com/corporate/press/2008_mar/crmondemand15.html
-- Main CRM On Demand Page -- http://www.oracle.com/crmondemand/index.html
-- Product Page --
http://www.oracle.com/crmondemand/products/mobile/index.html
-- Datasheet -- http://tinyurl.com/25dpy9
-- Demo -- http://tinyurl.com/26jyrx
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited. Other names may be trademarks of their respective owners.
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Oracle
CONTACT: Susie Penner of Oracle, +1-650-506-1973, susanne.penner@oracle.com; or Aaron Wessels of Blanc and Otus, +1-415-378-8090, awessels@blancandotus.com, for Oracle
Web site: http://www.oracle.com/
Seagate Among '100 Best Corporate Citizens' According to CRO Magazine
SCOTTS VALLEY, Calif., March 11 /PRNewswire-FirstCall/ -- Seagate Technology has been named to CRO Magazine's Ninth Annual top "100 Best Corporate Citizen" list, in recognition of the company's performance across a wide range of corporate citizenship and social responsibility issues.
"We are proud to receive this recognition from an organization such as CRO (Corporate Responsibility Officer Magazine), who for nine years has researched and acknowledged the companies that lead in corporate social responsibility across a variety of key criteria," said Dave Wickersham, president of Seagate. "While our efforts are ongoing, this recognition underscores the hard work Seagate has been doing to advance and sustain its position in all areas of corporate citizenship."
CRO Methodology
With transparency being such an important component of corporate responsibility, IW Financial relies on publicly-available data from company financial disclosures, sustainability/environment/citizenship reports, websites, EPA databases, and a number of other sources as part of its standardized research processes.
CRO also culled the initial rankings and excluded eight companies that numerically qualified as one of the 100 Best Corporate Citizens because of alleged transgressions that ranged from suppression of information about product risks to accounting scandals.
"Some companies have good environmental policies," says Mark Bateman, IW Financial's director of Research. "Some companies have great employee relations. Some companies have exemplary human rights records. CRO's 100 Best Corporate Citizens list answers the question: Which companies do best across a wide variety of citizenship issues? Companies can't make it onto the list if they do poorly in too many categories."
The 2008 list marks the 100 Best Corporate Citizens' ninth year in publication. Business Ethics magazine, which CRO acquired in 2006, published the list for the first seven years and CRO continued the tradition in 2007 and 2008. The list's methodology for 2008 includes two significant changes. First, CRO changed rating agencies, switching from KLD Analytics to IW Financial. The change was driven by IW Financial's dedication to basing rankings solely on publicly-available data, as compared with KLD's interview-and- questionnaire-based methodology. Second, the 2008 rankings are limited to the Russell 1000-companies that represent the largest impact on B2B and consumer markets. In previous years, the rankings also included the Domini 400 companies, which resulted in a perceived bias in favor of smaller companies.
The 100 Best companies will be honored in a special reception at the conclusion of the Spring CRO Conference March 27, 2008 at the Union League Club in NYC. For more information on the CRO Conferences, please go to http://www.thecro.com/conferences.
For more details about CRO's 100 best corporate citizens 2008, the methodology and CRO magazine, visit http://www.thecro.com/.
About The CRO
CRO is the only membership media platform for Corporate Responsibility practitioners, and the professional service providers and non-profit influencers that serve them. The CRO publishes the 20,000-subscriber 'CRO' Magazine and 200,000+ subscriber TheCRO.com, bi-weekly e-newsletters, webinars, and produces the four-time-annual CRO Conferences. With over 100 members including leading companies Sara Lee, Amtrak, IBM, Citigroup, Chubb Insurance, Mattel, Intel, Dell, Pepsi, Home Depot, Starbucks, Avon, Gap, State Street, Xerox, leading providers such as Deloitte, Baker & McKenzie, SAP, Hogan & Hartson, Edelman, Manning Selvage & Lee, Grant Thornton, Golin Harris, Ketchum, Cone, LRN, Integrity Interactive, and non-profits including Stanford University, Boston College, UCLA, and Harvard. Corporate membership information can be found at TheCRO.com, or by calling 732-476-6160.
About IW Financial
IW Financial is a leading provider of objective research and technology solutions that help financial professionals evaluate the environmental, social, and governance performance of companies. IW Financial's solutions help organizations identify risks, enhance productivity, provide higher levels of service, increase revenues, and retain productive advisors. IW Financial's clients include investment firms, banks, endowments, religious organizations, universities, and advisors. Portfolio managers, research analysts, marketing and customer service professionals, compliance professionals, and investment committees at these organizations rely on IW Financial for in-depth and actionable information. More information at IWFinancial.com.
About Seagate
Seagate is the worldwide leader in the design, manufacture and marketing of hard disc drives, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. Seagate's business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers, with the goal of being the low cost producer in all markets in which it participates. The company is committed to providing award-winning products, customer support and reliability to meet the world's growing demand for information storage. Seagate can be found around the globe and at http://www.seagate.com/.
Seagate, Seagate Technology and the Wave logo are registered trademarks of Seagate Technology LLC.
Seagate Technology
CONTACT: Brian Ziel, +1-831-439-5429, brian.ziel@seagate.com
Web site: http://www.seagate.com/
SAIC Awarded $48 M Task Order Under GSA Millennia ContractCompany to Provide IT Services to the Naval Meteorology and Oceanography Command at Stennis Space Center
SAN DIEGO and MCLEAN, Va., March 11 /PRNewswire-FirstCall/ -- Science Applications International Corporation today announced it has been awarded a task order by the U.S. General Services Administration (GSA) to provide Information Technology (IT) services to the Commander, Naval Meteorology and Oceanography Command (CNMOC), at Stennis Space Center, Mississippi. The task order was awarded under the Millennia Governmentwide Acquisition Contract (GWAC) by GSA's Southeast Sunbelt Region 4. It has a one- year base period of performance and four one-year options, with a total contract value of $48 million if all options are exercised.
Under this task order, SAIC will provide a broad range of IT services to support operations and maintenance, manage and integrate complex systems and facilities, and help integrate multiple clients in a shared environment. The SAIC team will deliver system engineering, computer operations and facility management services and solutions.
"We are extremely pleased that the GSA and CNMOC have expressed their confidence in SAIC by allowing us to provide operations and maintenance services for NCCIPS, CNMOC and the Naval Oceanographic Office at Stennis Space Center," said Randy Cash, SAIC senior vice president and business unit general manager. "SAIC has provided similar services since 2004 and we look forward to continuing our support of their important mission."
SAIC's team for the contract includes WareOnEarth Communication Inc. (WCI), a small business providing Information Security and IT related services. WCI will assist in planning and establishing policies for managing information assurance programs.
About SAIC
SAIC is a leading provider of scientific, engineering, systems integration and technical services and solutions to all branches of the U.S. military, agencies of the Department of Defense, the intelligence community, the U.S. Department of Homeland Security and other U.S. Government civil agencies, as well as to customers in selected commercial markets. With approximately 44,000 employees in more than 150 cities worldwide, SAIC engineers and scientists solve complex technical challenges requiring innovative solutions for customers' mission-critical functions. SAIC had annual revenues of $8.3 billion for its fiscal year ended January 31, 2007.
SAIC: FROM SCIENCE TO SOLUTIONS(R)
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward- looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2007, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
Contact: Melissa Koskovich, McLean Laura Luke, McLean
703/676-6762 703/676-6533
koskovichm@saic.com laura.luke@saic.com
SAIC
CONTACT: Melissa Koskovich, +1-703-676-6762, koskovichm@saic.com, or Laura Luke, +1-703-676-6533, laura.luke@saic.com, both of SAIC
Web site: http://www.saic.com/
Magal Receives an Order to Protect an International Airport in Central Asia
YAHUD, Israel, March 11 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ GM: MAGS; TASE: MAGS), today announced that it recently received a 7-digit order for perimeter protection of an international airport in Central Asia.
The order calls for the design, supply and commissioning of the Omnitrax-Buried Cable system and the Intelli-Wave - Microwave Protection System, both controlled by Magal's StarNet 1000 -Security Monitoring and Control System. Omnitrax is Magal's newest buried cable product utilizing unique ranging technology. This allows pinpointing an intruder's location within the accuracy of a few meters.
The order is expected to be completed by the end of the third quarter of 2008.
Mr. Izhar Dekel, CEO of Magal, commented, "Over the years Magal and its subsidiaries have gained significant experience in protecting airports worldwide. This airport in Central Asia joins an outstanding list of dozens of other airports that are already successfully using Magal's products to protect their perimeters."
About Magal Security Systems, Ltd.:
Magal Security Systems Ltd. (Magal) is engaged in the development, manufacturing and marketing of computerized security systems, which automatically detect, locate and identify the nature of unauthorized intrusions. The Company's products are currently used in more than 70 countries worldwide to protect national borders, airports, correctional facilities, nuclear power stations and other sensitive facilities from terrorism, theft and other threats. Magal trades under the symbol MAGS in the U.S. on the NASDAQ since 1993 and in Israel on the Tel-Aviv Stock Exchange (TASE) since July 2001.
This press release contains forward-looking statements, which are subject to risks and uncertainties. Such statements are based on assumptions and expectations which may not be realized and are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, financial and otherwise, may differ from the results discussed in the forward-looking statements. A number of these risks and other factors that might cause differences, some of which could be material, along with additional discussion of forward-looking statements, are set forth in the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission.
Contacts:
Company:
Magal Security Systems, Ltd,
Lian Goldstein, CFO,
Tel: +972-3-5391444,
Fax: +972-3-5366245,
E-mail: magalssl@trendline.co.il;
Investor Relations:
G.K. Investor Relations,
Ehud Helft/Kenny Green,
Tel: +1-866-704-6710,
E-mail: info@gkir.com.
Magal Security Systems Ltd
CONTACT: Contacts: Company: Magal Security Systems, Ltd, Lian Goldstein, CFO, Tel: +972-3-5391444, Fax: +972-3-5366245, E-mail: magalssl@trendline.co.il; Investor Relations: G.K. Investor Relations, Ehud Helft/Kenny Green, Tel: +1-866-704-6710, E-mail: info@gkir.com.
New Study Forecasts Explosive Growth of the Digital Universe; Spotlights Worldwide Phenomenon of 'Digital Shadow'For First Time the 'Digital Shadow' - Amount of Digital Information Being Generated About People - Surpasses the Amount They Create ThemselvesDigital Universe Bigger Than Estimated Due to Explosion of Digital Cameras, Digital TVs, Surveillance Cameras and Social Networks
HOPKINTON, Mass., March 11 /PRNewswire/ -- EMC Corporation, the world leader in information infrastructure solutions, today announced new findings to the groundbreaking EMC-sponsored research from IDC that measures and forecasts the vast amounts and diverse types of digital information created and copied in the world.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080311/NETU032 )
"The Diverse and Exploding Digital Universe: An Updated Forecast of Worldwide Information Growth Through 2011" highlights newly updated research first revealed in IDC's inaugural forecast of the digital universe published in March 2007. IDC's whitepaper offers updated growth projections and new findings expected to impact business and society based on new data and analysis that indicate:
-- At 281 billion gigabytes (281 exabytes), the digital universe in 2007
was 10% bigger than previously estimated
-- With a compound annual growth rate of almost 60%, the digital universe
is growing faster and is projected to be nearly 1.8 zettabytes
(1,800 exabytes) in 2011, a 10-fold increase over five years
-- Your "Digital Shadow" -- that is, all the digital information generated
about the average person on a daily basis -- now surpasses the amount
of digital information individuals actively create themselves
IDC's new research shows the digital universe is bigger and growing more rapidly than original estimates as a result of accelerated growth in worldwide shipments of digital cameras, digital surveillance cameras, and digital televisions as well as a better understanding of information replication trends. The digital universe in 2007 was equal to almost 45 gigabytes (GB) of digital information for every person on earth -- or the equivalent of over 17 billion 8 GB iPhones. Other fast-growing corners of the digital universe include those related to Internet access in emerging countries, sensor-based applications, data centers supporting "cloud computing" and social networks comprised of digital content created by many millions of online users.
IDC's research also examines how society and the digital universe interact with each another, addressing how individuals actively participate in contributing to the digital universe -- leaving a digital footprint as Internet and social network users, email use, through use of cell phones, digital cameras and credit card transactions. The white paper also highlights the fast-growing passive contributions that individuals make to the digital universe, something known as the "digital shadow."
"In the updated study, we discovered that only about half of your digital footprint is related to your individual actions -- taking pictures, sending emails, or making digital voice calls," said John Gantz, Chief Research Officer and Senior Vice President, IDC. "The other half is what we call the 'digital shadow' -- information about you -- names in financial records, names on mailing lists, web surfing histories or images taken of you by security cameras in airports or urban centers. For the first time your digital shadow is larger than the digital information you actively create about yourself."
Enterprise IT organizations that gather the information comprising our digital shadows have a tremendous responsibility -- in many cases mandated by law -- for the security, privacy protection, reliability and legal compliance of this information.
"Society is already feeling the early effects of the world's digital information explosion. Organizations need to plan for the limitless opportunities to use information in new ways and for the challenges of information governance," said Joe Tucci, EMC Chairman, President and CEO. "As people's digital footprints continue growing, so too will the responsibility of organizations for the privacy, protection, availability and reliability of that information. The burden is on IT departments within organizations to address the risks and compliance rules around information misuse, data leakage and safeguarding against security breaches."
Due to its vast size and rapid expansion, both consumers and businesses experience the impact of the digital universe in many profound ways. IDC reports the information explosion creates new complexity for IT organizations charged with managing digital information that is rapidly growing in size and becoming more diverse. Consumers will also struggle with the growth of their own digital information as they attempt to figure out what to do with all the data they're creating.
Other key findings:
-- The "Visual" Universe -- the information explosion -- at least in raw
gigabytes -- is predominately visual: images, camcorder clips, digital
TV signals, and surveillance streams.
-- Enterprise Responsibility -- The picture related to the source and
governance of digital information remains intact: Approximately 70% of
the digital universe is created by individuals, yet enterprises are
responsible for the security, privacy, reliability, and compliance
of 85%.
-- Digital Diversity -- Because of the growth of VoIP, sensors, and RFID,
the number of electronic information "containers" -- files, images,
packets, tag contents -- is growing 50% faster than the number of
gigabytes. The information created in 2011 will be contained in more
than 20 quadrillion -- 20 million billion -- of such containers, a
tremendous management challenge for both businesses and consumers.
-- Information Governance -- To deal with this explosion of the digital
universe in size and complexity, organizations will need to spearhead
the development of organization-wide policies for information
governance: information security, information retention, data access,
and compliance.
-- Digital Cameras -- In 2007, the number of digital cameras and camera
phones in the world surpassed 1 billion, and fewer than 10% of all
still images were captured on film.
-- Digital Surveillance -- Shipments of networked digital surveillance
cameras are doubling every year.
-- Share by Industry -- The enterprise share of the digital universe is
widely skewed by industry, having little relationship to GDP or IT
spending. The finance industry accounts for almost 20% of worldwide IT
spending but only 6% of the digital universe. Meanwhile, media,
entertainment, and communications industries will account for 10 times
their share of the digital universe in 2011 as their share of global
GDP.
-- "eWaste" an Environmental Concern -- Electronic waste is accumulating
at more than 1 billion units a year -- mostly mobile phones, but also
personal digital electronics and PCs. The switch to digital TV will
place a lot more analog TV sets and obsolete set top boxes and DVDs on
the waste pile, which will double by 2011.
-- Energy Use Increases -- Power consumption that was 1 kilowatt (kW) per
server rack in 2000 is now closer to 10kW. Enterprises building new
data centers are planning for 20kW per rack.
EMC and IDC have assembled numerous resources regarding the ongoing research, interaction with and public discussion of the digital universe.
-- To calculate the size of your own digital footprint, download a copy of
the Personal Digital Footprint Calculator
-- To read the complete IDC digital universe whitepaper or to find out
more about information trends, history and preservation, go to:
http://www.emc.com/digital_universe
About EMC
EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at http://www.emc.com/.
EMC is a registered trademark of EMC Corporation. All other trademarks are the property of their respective owners.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080311/NETU032 AP Archive: http://photoarchive.ap.org/ AP PhotoExpress Network: PRN5 PRN Photo Desk, photodesk@prnewswire.com
EMC Corporation
CONTACT: Kevin Kempskie of EMC Corporation, +1-508-293-6278, kempskie_kevin@emc.com
Web site: http://www.emc.com/ http://www.emc.com/digital_universe
International Game Technology Management to Present at the Deutsche Bank Securities Hospitality and Gaming Conference
RENO, Nev., March 11 /PRNewswire-FirstCall/ -- International Game Technology management will present at the Deutsche Bank Securities Hospitality and Gaming Conference on March 12, 2008 in Boston, MA. A link to the webcast and a copy of the presentation can be found at our website at http://www.igt.com/InvestorRelations.
International Game Technology (http://www.igt.com/) is a global company specializing in the design, development, manufacturing, distribution and sales of computerized gaming machines and systems products.
International Game Technology
CONTACT: Patrick Cavanaugh, Vice President, Corporate Finance and Investor Relations, of International Game Technology, 1-866-296-4232
Web site: http://www.igt.com/
ATA Announces Results for Fiscal Third Quarter 2008
-- Net Revenues Increased by 83.8% Year-Over-Year
-- Net Income Increased by 151.5% Year-Over-Year
BEIJING, March 11 /Xinhua-PRNewswire-FirstCall/ -- ATA Inc. ("ATA" or the "Company") , the leading provider of computer-based testing and testing-related services in China, today announced its unaudited financial results for its third quarter ended December 31, 2007 ("Third Quarter 2008"). The Company's 2008 fiscal year ends on March 31, 2008.
Highlights for the Third Quarter Fiscal 2008
-- Net revenues increased by 83.8% year-over-year to RMB66.7 million
(US$9.1 million).
-- Gross profit increased by 76.5% year-over-year to RMB45.7 million
(US$6.3 million).
-- Income from operations increased by 227.3% year-over-year to
RMB21.5 million (US$2.9 million).
-- Net income increased by 151.5% year-over-year to RMB17.4 million
(US$2.4 million), and net income excluding share-based compensation
expense and foreign currency exchange losses, net (non-GAAP) increased
by 183.7% year-over-year to RMB22.1 million (US$3.0 million).
-- Basic and diluted earnings per ADS were RMB1.59 (US$0.22) and RMB0.95
(US$0.13), respectively. Basic and diluted earnings per ADS
excluding share-based compensation expense and foreign currency
exchange losses (non-GAAP) were RMB2.02 (US$0.28) and RMB1.21
(US$0.17), respectively. Each ADS represents two common shares of
the Company.
-- For the quarter, ATA successfully completed the delivery of 221,006
exams, the second set of tests in calendar 2007 for the China Banking
Association, concluding China's initial year launch of large-scale
nationwide bankers certification and driving ATA's testing service
revenue to increase 242.5% year over year.
"This was a record quarter in the history of ATA, as we experienced substantial growth in net revenues driven by the delivery of a record number of computer-based tests for the financial sector in China," said Kevin Ma, ATA's Chairman and Chief Executive Officer. "We continue to benefit from the large-scale implementation of computer-based testing for the banking, securities and futures industries in China. In addition, the outlook for our business remains promising as we look forward to penetrating other industries and as Chinese regulatory bodies begin to exploit the powerful benefit of computer-based testing from the cost, security and flexibility perspective and work with ATA to deploy large-scale nationwide testing."
ATA's Chief Financial Officer, Carl Yeung, stated, "The third quarter is generally ATA's strongest quarter of the year in terms of net revenues. For the quarter, we saw good results from our management strategy focusing on higher growth and higher margin services. We enjoyed rapid revenue growth in our highest margin services, including test-preparation solutions, as well as the rapid growth in the delivery of tests for the finance sector, including tests administered by the China Banking Association, Securities Association of China and China Futures Association. Due to our unique market position as the only commercial provider of large-scale nationwide testing, we look forward to completing our most successful fiscal year in terms of net revenues and net income in the fiscal year ending March 31, 2008."
Financial Results for the Third Quarter 2008
For the third quarter of 2008, ATA reported net revenues of RMB66.7 million (US$9.1 million), representing an 83.8% increase year- over-year. This increase was mainly driven by a 242.5% increase in net revenues from testing services and a 48.0% increase in net revenues from test preparation solutions, while net revenues from test-based educational programs increased by 1.4%.
The overall number of tests delivered declined by 4.4% year-over-year to approximately 970,341 in the third quarter 2008, while the average price per test delivered rose to RMB38.4 in the Third Quarter 2008 from RMB10.7 in the same period of fiscal year 2007. This increase in average revenue per test was due, in part, to a significant increase in the number of higher priced financial industry-related tests delivered.
Gross profit increased by 76.5% year-over-year to RMB45.7 million (US$6.3 million) from RMB25.9 million in the same period of the prior fiscal year. Gross margin declined to 68.5% in the Third Quarter 2008 from 71.3% in the quarter ended December 31, 2006, driven by lower contribution from the Company's highest gross margin test preparation solutions business as a percentage of net revenue.
Operating expenses increased by 25.3% year-over-year to RMB24.2 million (USS$3.3 million) from RMB19.3 million, primarily due to the increase in sales and marketing expenses to support the rapid growth of the Company's business.
Sales and marketing expenses increased by 49.4% year-over-year to RMB8.4 million (US$1.1 million) from RMB5.6 million, primarily due to share-based compensation expense related to the Company's October 2007 option grant, an increase in payroll and welfare expenses as ATA grew sales and marketing staff to 103 at the end of December 2007 from 91 people at the end of December 2006, and agent fees paid to distributors of the Company's educational programs.
General and administrative expenses increased slightly by 4.9% year-over- year to RMB11.5 million (US$1.5 million) from RMB11.0 million, primarily due to share-based compensation expense related to the Company's October 2007 option grant.
Research and development expenses increased by 57.6% year-over-year to RMB4.3 million (US$0.6 million) from RMB2.7 million, primarily due to increased use of outsourced research and development ("R&D") to prepare pre- occupational training and online test prep solutions and increased bonuses paid to R&D staff.
Income from operations increased by 227.3% year-over-year to RMB21.5 million (US$2.9 million) from RMB6.6 million in the same period of the prior fiscal year. Operating margin increased to 32.2% in the Third Quarter 2008 compared to 18.1% for the comparable period of the prior fiscal year.
ATA's effective tax rate for the third quarter 2008 was 18.1%, slightly higher than ATA's highest statutory tax rate of 15% on any of its PRC subsidiaries and affiliates due to non-tax deductible expenses.
Net income for the third quarter 2008 was RMB17.4 million (US$2.4 million), representing a 151.5% increase from the comparable period of the prior fiscal year. Basic and diluted earnings per common share amounted to RMB0.79 (US$0.11) and RMB0.48 (US$0.07), respectively, and basic and diluted earnings per ADS were RMB1.59 (US$0.22) and RMB0.95 (US$0.13), respectively.
Net Income excluding share-based compensation expense and foreign currency exchange losses (non-GAAP) was RMB22.1 million (US$3.0 million) for the third quarter 2008 compared to RMB7.8 million in the same period last year. Basic and diluted earnings per ADS excluding share-based compensation expense and foreign currency exchange losses (non- GAAP) were RMB2.02 (US$0.28) and RMB1.21 (US$0.17), respectively.
Cost of revenues and operating expenses included RMB4.3 million (US$0.6 million) in share-based compensation expense, which was lower than the RMB9.3 (US$1.3 million) million in share-based compensation expenses that the Company estimated it would incur in its prospectus dated January 28, 2008 filed with the U.S. Securities and Exchange Commission.
As of December 31, 2007, ATA had cash of RMB44.4 million (US$6.1 million). Net operating cash outflow for the Third Quarter 2008 was RMB38,799 (US$5,320). Capital expenditures for the third quarter of fiscal year 2008 were RMB1.8 million (US$0.2 million), mainly for the leasehold decoration for new office and the addition of computers and servers.
Other Operating Data
As of December 31, 2007, ATA had 339 staff, 114 of which were in client service and support, 103 in sales and marketing, 63 in research and development and 59 in general and administrative functions.
As of December 31, 2007, ATA had 1,835 authorized test centers located throughout China.
Fourth Quarter 2008 and Fiscal Year 2009 Guidance
For the fiscal fourth quarter 2008, which is generally ATA's slowest quarter in terms of net revenues, ATA forecasts net revenues will be in the range of RMB29 million to RMB31 million, representing year-over-year growth in the range of 79% to 85%, and that ATA will incur a net loss for the quarter, consistent with ATA's disclosure in its prospectus dated January 28, 2008. ATA expects net revenues for the fiscal year ended March 31, 2009 to be in the range of RMB340 million to RMB350 million, which is expected to represent a 95% to 103% growth over fiscal year 2008. This is ATA's current and preliminary view, which is subject to change. Our results of operations for the fiscal third quarter 2008 are not necessarily indicative of our operating results for any future periods.
Conference Call
The Company will host a conference call at 9:00 a.m. ET on March 11, 2008, to discuss the results for the Third Quarter 2008. Joining Kevin Ma, CEO of ATA Inc., will be Walter Wang, Director and President, and Carl Yeung, Chief Financial Officer. To participate in the conference call, please dial +1(800)299-7635 five to ten minutes prior to the scheduled conference call time and ask to join the ATA Inc call. International callers should dial +1(617)786-2901.
If you are unable to participate in the call at this time, a replay will be available on March 11 at 11:00 a.m. ET, through March 18, 2008. To access the replay, dial +1(888)286-8010, international callers should dial +1(617)801-6888, and enter the pass code 91631251.
This conference call will be broadcast live over the Internet and can be accessed by all interested parties on ATA Inc.'s website at http://www.ata.net.cn/. To listen to the live webcast, please go to ATA Inc.'s website at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a replay will be available shortly after the call on ATA Inc.'s website for 90 days.
Additional Information:
Alec Tsui, who joined ATA as an independent director on January 28, 2008 and is a member of ATA's audit committee, also serves on the audit committee of eleven other publicly traded companies, including a number of companies listed on the Stock Exchange of Hong Kong and Melco PBL Entertainment (Macau) Ltd., which is listed on the Nasdaq Global Market. While ATA's audit committee charter, adopted by its board of directors on January 7, 2008, states that "no Committee member shall simultaneously serve on the audit committees of more than two other companies," ATA determined that an exception should be made for Mr. Tsui given his extensive relevant experience and other strong credentials, as well as assurances from Mr. Tsui that he has sufficient time to perform his duties as an independent director and audit committee member of ATA.
About ATA Inc.:
ATA is the leading provider of computer-based testing services in China. The Company offers comprehensive services for the creation and delivery of computer-based tests based on its proprietary testing technologies and test delivery platform. The Company's computer-based testing services are used for professional licensure and certification tests in various industries, including information technology, or IT, services, banking, teaching, securities, insurance and accounting. ATA's test center network comprised 1,835 authorized test centers located throughout China as of December 31, 2007, which the Company believes is the largest test center network of any commercial testing service provider in China. Combined with its test delivery technologies, this network allows ATA's clients to administer large-scale nationwide tests in a consistent, secure and cost-effective manner. ATA has delivered over 23 million tests since it commenced operations in 1999, and in July 2007 delivered tests to more than 200,000 test takers in a single day for the China Banking Association, through its test delivery platform. For further information, please visit: http://www.ata.net.cn/ .
Cautionary Note Regarding Forward-looking Statements
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "look forward to," "outlook," "forecast," "will," "expect," "anticipate," "future," "intend," "plan," "believe," "estimate" and similar terminology and include, among other things, the Company's anticipated financial and operating results for the fiscal quarter ending March 31, 2008, fiscal year ended March 31, 2008 and the fiscal year ended March 31, 2009. Among the factors that could cause the Company's actual financial and operating results to differ from what the Company currently anticipate may include the Company's ability to meet challenges associated with its rapid expansion, the Company's ability to meet the expectations of current and future clients, the Company's ability to implement and maintain effective internal controls over financial reporting, the health of the PRC economy, and uncertainties with respect to the PRC legal and regulatory environments. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's prospectus dated January 28, 2008, which was filed with the U.S. Securities and Exchange Commission and is available on the Securities and Exchange Commission's website at http://www.sec.gov/. For additional information on these and other important factors that could adversely affect our business, financial condition, results of operations and prospects, se "Risk Factors" beginning on page 9 of our prospectus. The forward-looking statements in this release involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the markets in which it operates. The Company undertakes no obligation to update forward-looking statements, which speak only of the Company's views as of the date of this release, to reflect subsequent events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, the Company cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
About Non-GAAP Financial Measures
To supplement ATA's consolidated financial results presented in accordance with U.S. generally accepted accounting principles ("GAAP"), ATA uses the following measures defined as non- GAAP financial measures by the U.S. Securities and Exchange Commission: net income excluding share-based compensation expenses and foreign currency exchange losses and basic and diluted earnings per ADS excluding share-based compensation expenses and foreign currency exchange losses. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of non-GAAP measures to the most comparable GAAP measures" set forth at the end of this release. ATA believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based expenses and foreign currency exchange losses, which may not be indicative of its operating performance from a cash perspective. ATA believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to ATA's historical performance and liquidity. ATA computes its non-GAAP financial measures using the consistent method from quarter to quarter. ATA believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using non-GAAP net income excluding share-based compensation expenses and basic and diluted earnings per share and per ADS excluding share-based compensation expenses is that share-based compensation charges have been and are expected to continue to be for the foreseeable future a significant recurring expense in ATA's business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying table captioned "Reconciliaitons of Non-GAAP measures to the most comparable GAAP measures" set forth at the end this release, has more details on the reconciliations between GAAP financial measures that are most directly comparable to the non-GAAP financial measures used by ATA.
Currency Convenience Translation
The Company's financial information is stated in RMB. The translation of RMB amounts at and for the Third Quarter 2008 into United States dollar ("US$") is included solely for the convenience of the readers and has been made at the rate of RMB7.2946 to US$1.00, the noon buying rate as of December 31, 2007 in the City of New York for cable transfers in RMB per US dollar as certified for customs purposes by the Federal Reserve Bank of New York. Such translations should not be construed as representations that RMB amounts could be converted into US$ at that rate or any other rate, or to be the amounts that would have been reported under US GAAP.
- FINANCIAL TABLES FOLLOW -
ATA INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
March 31, December 31, December 31,
2007 2007 2007
RMB RMB USD
ASSETS
Current assets:
Cash 45,019,114 44,394,611 6,085,956
Accounts receivable, net 16,977,651 67,106,107 9,199,421
Due from related parties 19,770 -- --
Inventories 2,405,912 3,011,004 412,772
Prepaid expenses and
other current assets 12,233,295 9,515,890 1,304,512
Total current assets 76,655,742 124,027,612 17,002,661
Investment in Wendu
Education 3,162,548 -- --
Property and
equipment, net 7,543,184 9,753,000 1,337,016
Goodwill 6,880,123 6,880,123 943,180
Deferred initial public
offering costs 9,462,485 19,761,696 2,709,086
Other assets 4,461,368 8,981,747 1,231,288
Total assets 108,165,450 169,404,178 23,223,231
LIABILITIES AND
SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable 5,546,140 6,789,394 930,742
Accrued expenses and
other payables 13,732,392 36,939,893 5,064,006
Deferred revenues 26,341,019 31,557,149 4,326,097
Total current liabilities 45,619,551 75,286,436 10,320,845
Deferred revenues 7,897,234 7,441,761 1,020,174
Total liabilities 53,516,785 82,728,197 11,341,019
Shareholders' equity:
Convertible preferred shares
Series A preferred shares: 533,451 533,451 73,130
Series A-1 preferred
shares: 70,848 70,848 9,712
Common shares: 2,093,877 2,093,877 287,045
Treasury shares (16,106,940) (16,106,940) (2,208,063)
Additional paid-in
capital 203,139,446 209,275,110 28,689,045
Accumulated deficit (135,082,017) (109,190,365) (14,968,657)
Total shareholders'
equity 54,648,665 86,675,981 11,882,212
Total liabilities and
shareholders' equity 108,165,450 169,404,178 23,223,231
ATA INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Three-month Period Ended
December 31,September 30, December 31, December 31,
2006 2007 2007 2007
RMB RMB RMB USD
Net revenues 36,288,060 49,778,999 66,679,479 9,140,937
Testing services 10,874,875 21,383,383 37,246,748 5,106,071
Test-based
educational
services 11,964,292 10,201,565 12,129,552 1,662,812
Test preparation
solutions 10,021,855 15,956,775 14,833,274 2,033,460
Other revenue 3,427,038 2,237,276 2,469,905 338,594
Cost of revenues 10,417,427 20,060,241 21,006,379 2,879,716
Gross profit 25,870,633 29,718,758 45,673,100 6,261,221
Operating expenses:
Research and
development 2,742,548 2,735,526 4,323,493 592,698
Sales and marketing 5,597,373 6,166,789 8,361,547 1,146,265
General and
administrative 10,967,527 10,815,611 11,503,629 1,577,006
Total operating
expenses 19,307,448 19,717,926 24,188,669 3,315,969
Income from operations 6,563,185 10,000,832 21,484,431 2,945,252
Equity in income of an
affiliate 170,445 -- -- --
Gain from sale of an
affiliate -- 2,837,451 -- --
Interest income 133,018 149,365 136,084 18,655
Foreign currency
exchange losses, net (279,373) (94,307) (428,868) (58,793)
Income before income
taxes 6,587,275 12,893,341 21,191,647 2,905,114
Income tax benefit
(expense) 316,050 (3,592,213) (3,830,160) (525,068)
Net income 6,903,325 9,301,128 17,361,487 2,380,046
Basic earnings per
common share 0.32 0.42 0.79 0.11
Diluted earnings per
common share 0.20 0.25 0.48 0.07
Basic earnings per ADS 0.63 0.85 1.59 0.22
Diluted earnings per ADS 0.40 0.50 0.95 0.13
UNAUDITED Reconciliations of non-GAAP measures to the most comparable GAAP
measures
Three-month Period Ended
2006 2007
RMB RMB
GAAP net income 6,903,325 17,361,487
Share-based compensation expenses 607,942 4,307,792
Foreign currency exchange losses 279,373 428,868
Non-GAAP net income 7,790,640 22,098,147
GAAP earnings per ADS:
Basic 0.63 1.59
Diluted 0.40 0.95
Share-based compensation expenses per ADS:
Basic 0.06 0.39
Diluted 0.03 0.24
Foreign currency exchange losses per ADS:
Basic 0.02 0.04
Diluted 0.02 0.02
Non-GAAP earnings per ADS:
Basic 0.71 2.02
Diluted 0.45 1.21
For more information, please contact:
ATA Inc.
Carl Yeung, CFO
Tel: +86-10-65181122 x5107
CCG Elite Investor Relations
Crocker Coulson, President
Tel: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Ed Job, CFA
Tel: +1-646-213-1914
Email: ed.job@ccgir.com
ATA Inc.
CONTACT: Carl Yeung, CFO of ATA Inc., +86-10-65181122 x5107; Or Crocker Coulson, President, +1-646-213-1915, or crocker.coulson@ccgir.com; Or Ed Job, CFA, +1-646-213-1914, or ed.job@ccgir.com, both of CCG Elite Investor Relations for ATA Inc.
Web site: http://www.atalearning.com/
Ormat Technologies, Inc. to Participate in the Citi Small and Mid-Cap Conference
RENO, Nev., March 11 /PRNewswire-FirstCall/ -- Ormat Technologies, Inc. today announced that Dita Bronicki, chief executive officer, will present at the Citi Small and Mid-Cap Conference in Las Vegas, Nevada.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO )
Ms. Bronicki will provide an overview of the business and financial highlights at 11:05 a.m. ET / 8:05 a.m. PT on Tuesday, March 18, 2008. The event will be available via live, listen only webcast. To access the live event, visit the Company's website at http://www.ormat.com/ and click on 'Event Calendar' under the Investor Relations heading. The presentation will be archived for up to 30 days following the conference.
About Ormat Technologies
Ormat Technologies, Inc. is a vertically integrated company primarily engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. Additionally, the Company designs, manufactures and sells geothermal and recovered energy power units and other power generating equipment, and provides related services. Ormat products and systems are covered by more than 75 patents. Ormat currently operates the following geothermal and recovered energy-based power plants: in the United States -- Brady, Heber, Mammoth, Ormesa, Puna, Steamboat and OREG 1; in Guatemala -- Zunil and Amatitlan; in Kenya -- Olkaria; and in Nicaragua -- Momotombo.
Safe Harbor Statement
Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to Ormat's plans, objectives and expectations for future operations and are based upon its management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, see "Risk Factors" as described in Ormat Technologies, Inc.'s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 5, 2008.
These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Ormat Technologies Contact: Investor Relations Contact:
Dita Bronicki Todd Fromer/ Marybeth Csaby
CEO KCSA Strategic Communications
775-356-9029 212-896-1214 (Todd) / 212-896-1236 (Marybeth)
dbronicki@ormat.com tfromer@kcsa.com / mcsaby@kcsa.com
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Ormat Technologies, Inc.
CONTACT: Dita Bronicki, CEO of Ormat Technologies, +1-775-356-9029, dbronicki@ormat.com; or Investor Relations, Todd Fromer, +1-212-896-1214, tfromer@kcsa.com, or Marybeth Csaby, +1-212-896-1236, mcsaby@kcsa.com
Web site: http://www.ormat.com/
/C O R R E C T I O N -- Qualcomm Incorporated/
SAN DIEGO, March 11 /PRNewswire/ --
In the news release, "Qualcomm Acquires Xiam Technologies Limited, Leading
Provider of Wireless Content Discovery and Recommendations Technology"
issued on 11 Mar 2008 08:00 GMT, by Qualcomm Incorporated nasdaq:QCOM over
PR Newswire, we are advised by a representative of the company that the
contact information for Richard Tinkler is incorrect. The phone number
should be "+44-7720-060619" rather than "+44-208-466-0874" as
originally issued inadvertently.
Complete, corrected release follows:
- Deal Accelerates Commercialization of Intelligent Targeting Technology
for Mobile -
Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator
of advanced wireless technologies and data solutions, today announced that it
has acquired Xiam Technologies Limited (Xiam), an Ireland-based pioneer of
wireless content targeting solutions. Xiam's My Personal Offers System (MPOS)
provides targeting and personalization technology that accelerates discovery
and individualizes the user experience by presenting relevant content offers
and advertisements to consumers.
Xiam's MPOS technology enables mobile operators and brands to make
personalized recommendations to individual consumers that are tailored to
their unique tastes and preferences using advanced profiling techniques.
Consumers can receive personalized offers of new and relevant content over
wireless and Web channels, both before and after purchase. MPOS also
leverages demographic, contextual and behavioral profiling to enable true
one-to-one mobile advertising. Coupled with the global reach of
Qualcomm's ecosystem, MPOS will provide a powerful way for operators and
brands to quickly and easily target their customers with relevant content
offers and advertisements.
Qualcomm plans to continue to offer MPOS as a standalone product through
Xiam as a wholly owned subsidiary, as well as offer the targeting technology
as part of its core solutions and products to present operators and brands
with powerful subscriber intelligence and personalization tools that help
spur wireless data growth.
"Qualcomm's acquisition of Xiam provides us with advanced content
discovery and recommendation technology that strengthens Qualcomm's services
portfolio," said Andrew Gilbert, executive vice president of Qualcomm and
president of Qualcomm Internet Services, MediaFLO Technologies and Qualcomm
Europe. "With this acquisition, we are excited to further demonstrate our
ongoing commitment to operators, brands and consumers worldwide."
"Qualcomm and Xiam are both committed to helping operators and brands
reach their customers more effectively by providing them with the technology
to make informed and relevant content recommendations," said Colm Healy, CEO
of Xiam. "Qualcomm's suite of solutions and products are designed to help
operators and brands deliver a wide range of content quickly and efficiently,
and the addition of MPOS will only make that process more intuitive as
consumers receive highly personalized offers attuned to their unique
interests."
Qualcomm will pay approximately US$32 million for Xiam and estimates the
acquisition will be neutral to FY08 earnings per share.
Founded in 2004 and funded with venture capital from Delta Partners and
Enterprise Ireland, Xiam is a software company that provides personalized
targeting and recommendations technology that enables wireless operators to
interact directly with individual customers offering them meaningful, timely
and relevant content offers, promotions and advertisements through all
wireless channels including WAP, Web and outbound messaging. These
individualized offers enable the wireless operator to increase mobile content
revenues dramatically, drive discovery of new and relevant products and
services, and accurately target customers with meaningful advertisements
while enhancing the customer experience and retention.
Qualcomm Internet Services (QIS) enables mobile retailing solutions and
Internet services that accelerate consumer adoption and usage of mobile data
worldwide for its operator, brand & affinity and content provider customers.
Q Signature Solutions, which include BREW(R), BREW Gaming and BrandXtend(TM),
are comprehensive solutions for customers seeking to bring high-value
wireless services to market and enhance the mobile experience for consumers.
Customers can also benefit from the Q Product Suite, a portfolio of
adaptable, modular products that can be used to address specific mobile
retail challenges from general merchandizing to personalized recommendations.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and
delivering innovative digital wireless communications products and services
based on CDMA and other advanced technologies. Headquartered in San Diego,
Calif., Qualcomm is included in the S&P 500 Index and is a 2007 FORTUNE
500(R) company traded on The Nasdaq Stock Market(R) under the
ticker symbol QCOM.
Except for the historical information contained herein, this news release
contains forward-looking statements that are subject to risks, uncertainties
and assumptions. If such risks or uncertainties materialize or such
assumptions prove incorrect, the results of Qualcomm could differ materially
from those expressed or implied by such forward-looking statements and
assumptions. All statements other than statements of historical fact are
statements that could be deemed forward-looking statements, including the
expected benefits and costs of the transaction; management plans relating to
the transaction; any statements of the plans, strategies and objectives of
management for future operations, including the execution of technology
integration plans; any statements of expectation or belief; and any
statements of assumptions underlying any of the foregoing. Risks,
uncertainties and assumptions include the possibility that expected benefits
may not materialize as expected; that Qualcomm is unable to successfully
implement technology integration strategies; and other risks that are
described from time to time in Qualcomm's SEC reports, including the report
on Form 10-K for the year ended September 30, 2007, and most recent
Form 10-Q.
Qualcomm and BREW are registered trademarks of Qualcomm Incorporated.
BrandXtend is a trademark of Qualcomm Incorporated. All other trademarks are
the property of their respective owners.
Qualcomm Contacts:
Chris Grandis, Qualcomm Internet Services
Phone: +1-858-651-6022
Email: qis-pr@qualcomm.com
Richard Tinkler, Qualcomm Europe
Phone: +44-7720-060619
Email: rtinkler@qualcomm.com
John Gilbert, Investor Relations
Phone: +1-858-658-4813
Email: ir@qualcomm.com
Web site: http://www.qualcomm.com
Qualcomm Incorporated
Chris Grandis, Qualcomm Internet Services, +1-858-651-6022, qis-pr@qualcomm.com; or Richard Tinkler, Qualcomm Europe, +44-7720-060619, rtinkler@qualcomm.com, or John Gilbert, Investor Relations, +1-858-658-4813, ir@qualcomm.com, all of Qualcomm
FiberTower Announces Investor Day at CTIA 2008
SAN FRANCISCO, March 11 /PRNewswire-FirstCall/ -- FiberTower Corporation , a wireless backhaul services provider, announced today that it will host its 2008 Investor Day with analysts on Tuesday, April 1, 2008 at the CTIA Convention to be held in Las Vegas, Nevada. The event will begin at 1:00 p.m. Pacific Time and conclude at approximately 4:00 p.m. Pacific Time. Additional details regarding FiberTower's Investor Day are provided below.
What: FiberTower's 2008 Investor Day to be held at the North Tower Suite
at the Las Vegas Hilton located at 3000 Paradise Road
When: Tuesday, April 1, 2008 from 1:00 p.m. to 4:00 p.m. Pacific Time
In addition to the Investor Day, FiberTower's Senior Vice President of Technology Michael Finlayson will be participating on a panel titled "Cell Site Backhaul: Addressing a Top Cost & Reliability Concern," which will be held on April 2, 2008 from 2:30 PM to 3:45 PM Pacific Time at the Las Vegas Convention Center (Room North 113).
A copy of the slide presentation used during the event will be available on the company's website at http://www.fibertower.com/.
About FiberTower
FiberTower is a backhaul and access services provider focused primarily on the wireless carrier market. With its extensive spectrum footprint in 24 GHz and 39 GHz bands, carrier-class microwave and fiber networks in 13 major markets, customer commitments from six of the leading cellular carriers, and partnerships with the largest tower operators in the U.S., FiberTower is considered to be the leading alternative carrier for wireless backhaul. FiberTower also provides backhaul and access service to government and enterprise markets. For more information, please visit our website at http://www.fibertower.com/.
Investor Contact:
Gus Okwu / DRG&E
404-532-0086
gokwu@drg-e.com
Company Contact:
Ornella Napolitano, VP and Treasurer
FiberTower Corporation
202-251-5210
onapolitano@fibertower.com
FiberTower Corporation
CONTACT: Investors, Gus Okwu of DRG&E, +1-404-532-0086, gokwu@drg-e.com; or Ornella Napolitano, VP and Treasurer of FiberTower Corporation, +1-202-251-5210, onapolitano@fibertower.com
Web site: http://www.fibertower.com/
U.S. Computer Manufacturer to Use Dow Corning Electronics' TC-5121 Thermally Conductive Compound at Facility in ChinaNew Thermally Conductive Compound Continues to Gain Global Market Acceptance
MIDLAND, Mich., March 11 /PRNewswire-FirstCall/ -- Dow Corning Corporation's Electronics and Advanced Technologies group today announced that a U.S.-based personal computer maker has qualified DOW CORNING(R) TC-5121 Thermally Conductive Compound for use in its manufacturing operations in China. This market win for Dow Corning Electronics reflects the continuing global market acceptance of TC-5121 following its introduction in December 2007.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080118/DCELOGO )
TC-5121 offers low thermal resistance at 0.1 degrees C-cm(2)/W and excellent reliability in an easily screen or stencil printable material. Designed for mid-range electronic systems such as desktop computers and graphic processing units, it is part of a family of Dow Corning high- performance thermal greases that includes TC-5022 and TC-5026, which offer even higher performance.
"We are pleased that our newest thermal compound will now be used in manufacturing in China," said David Hirschi, Dow Corning's global marketing manager for thermal management materials. "TC-5121 gives customers robust thermal performance and high reliability at a better price than most other intermediate-performance compounds."
PC manufacturers use thermally conductive compounds to carry heat away from microprocessors, graphics processors and other critical components, typically by applying a thin layer of the compound between a chip and a heat sink. Other emerging markets for these thermal materials include light- emitting diodes, flat-panel displays and a variety of communication and automotive products.
Dow Corning Electronics backs TC-5121 and its entire global product line with world class global applications support.
Dow Corning will conduct a technical workshop on the stability and reliability of thermal interface materials during the upcoming SEMI-THERM 24 conference, March 18-19 at the Fairmont Hotel in San Jose, Calif. Further information and demonstrations of Dow Corning's thermally conductive compounds will be available at booth #63 during the conference.
Dow Corning's Electronics and Advanced Technologies Industry serves the needs of the electronics, optoelectronics and semiconductor industries with specialized, high-purity silicone- and silicon-containing products and solutions.
For more information on Dow Corning's full range of thermal management materials, visit http://www.dowcorning.com/electronics.
About Dow Corning
Dow Corning Corporation is a globally integrated provider of materials, application technology and services, and is focused on providing innovative technologies that help its customers to invent the future. For more information on Dow Corning, visit http://www.dowcorning.com/. Dow Corning Corporation is equally owned by The Dow Chemical Company and Corning Incorporated . More than half of Dow Corning Corporation's sales are outside the United States.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080118/DCELOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Dow Corning Electronics
CONTACT: Rhonda Bovin of Dow Corning, +1-989-496-5489, electronics@dowcorning.com, or Bruce Hokanson of Loomis Group, +1-360-574-4000, hokanson@loomisgroup.com
Web site: http://www.dowcorning.com/electronics http://www.dowcorning.com/
GigaMedia: Record Profit of $38.9 Million in 2007 on 77% Revenue Growth
HONG KONG, March 11 /Xinhua-PRNewswire-FirstCall/ -- GigaMedia Limited announced today its outstanding full-year 2007 results with revenues climbing 77 percent to a record $166.9 million, and operating income rising 73 percent to $38.1 million, both in comparison to 2006, driven by strong growth in its poker software business in continental Europe and its online games business in Asia.
Highlights of Full-Year 2007 Unaudited Results
-- Consolidated revenues rose 77 percent to a record US$166.9 million.
-- Consolidated operating income grew 73 percent to a record US$38.1
million.
-- Consolidated net income of a record US$38.9 million, up 63 percent
after deduction of a one-time after-tax disposal gain of
approximately $7.0 million in 2006. GAAP basic and fully-diluted
earnings per share were US$0.74 and US$0.65, respectively.
-- Non-GAAP net income was US$40.6 million. Non-GAAP basic and fully-
diluted earnings per share were US$0.77 and US$0.68, respectively,
which excludes non-cash share-based compensation expenses.
-- Cash, cash equivalents and marketable securities-current totaled
US$79.9 million at year end.
Highlights of Fourth-Quarter 2007 Unaudited Results
-- Fourth-quarter poker software revenues grew 21 percent from the
third quarter of 2007.
-- Consolidated revenues climbed 59 percent to US$47.7 million from
US$30.1 million in 2006 and grew by 11 percent from the previous
quarter.
-- Consolidated operating income rose 16 percent to US$9.3 million from
US$8.0 million in 2006 and declined by 7 percent quarter-over-
quarter.
-- Consolidated net income increased 8 percent to US$10.7 million from
US$9.9 million in 2006 and grew by 10 percent from the previous
quarter. GAAP basic and fully-diluted earnings per share were
US$0.20 and US$0.18, respectively.
-- Non-GAAP net income was US$11.3 million. Non-GAAP basic and fully-
diluted earnings per share were US$0.21 and US$0.19, respectively,
which excludes non-cash share-based compensation expenses.
Recent Developments
-- World Series of Poker: Everest Poker secures key multiyear
sponsorship -- strong platform for launch into U.S., pending
legalization.
-- EA SPORTS FIFA Online 2: Southeast Asian affiliate Infocomm Asia
Holdings signs with Electronic Arts -- brings hot game to more than
20 million online gamers and over 100 million soccer fans in SE
Asia.
Net income in 2007 was a record US$38.9 million, up 63 percent after deduction of a one-time after-tax disposal gain of approximately $7.0 million in 2006. Full-year 2007 non-GAAP basic and diluted earnings per share were $0.77 and $0.68, respectively, which exclude non-cash share-based compensation expenses.
Fourth-quarter 2007 total revenues were $47.7 million and net income was $10.7 million, up 11 and 10 percent, respectively, from the third quarter of 2007. Fourth-quarter non-GAAP basic and diluted earnings per share were $0.21 and $0.19, respectively.
"GigaMedia had a great year - solid execution delivered record revenues, operating income and profit while we continued to invest strongly in our core businesses and develop new business opportunities," stated Chief Executive Officer Arthur Wang. "We made excellent progress building a powerful online entertainment brand in Europe and an enormous pan-Asian online game platform, and closed out the year with strong momentum driving an even stronger 2008."
"We are looking at a great year in 2008, a combination of strong organic growth accelerated by major deals such as the key sponsorship of the World Series of Poker driving growth in Europe," stated CEO Arthur Wang. "And in Asia, we have the honor to partner with the very best like Electronic Arts to bring top online games to our pan-Asian online entertainment platform."
Consolidated Financial Results
For the Fourth Quarter
GIGAMEDIA 4Q07 CONSOLIDATED FINANCIAL RESULTS
(unaudited, 4Q07 4Q06 Change 4Q07 3Q07 Change
all figures in (%) (%)
US$ thousands,
except per share
amounts)
Revenues 47,708 30,069 59 47,708 43,021 11
Gross Profit 37,592 23,537 60 37,592 33,190 13
Operating Income 9,299 8,032 16 9,299 10,035 -7
GAAP Net Income 10,659 9,875 8 10,659 9,695 10
GAAP Net Income
Per Share, Diluted 0.18 0.17 6 0.18 0.16 9
Non-GAAP
Net Income (A) 11,329 10,044 13 11,329 10,236 11
Non-GAAP
Net Income
Per Share,
Diluted (A) 0.19 0.17 10 0.19 0.17 10
EBITDA (B) 11,725 11,695 0 11,725 11,246 4
Cash, Cash
Equivalents
and Marketable
Securities-Current 79,917 36,187 121 79,917 71,982 11
(A) Non-GAAP net income and non-GAAP net income per share exclude non-
cash share-based compensation expenses. (See, "Use of Non-GAAP
Measures," for more details.)
(B) EBITDA (earnings before interest, taxes, depreciation, and
amortization) is provided as a supplement to results provided in
accordance with U.S. generally accepted accounting principles
("GAAP"). (See, "Use of Non-GAAP Measures," for more details.)
Consolidated revenues for the fourth quarter increased 59 percent to a record $47.7 million from $30.1 million in the same period of 2006, and grew 11 percent from $43.0 million for the third quarter of 2007. Key factors driving the year-over-year improvement were strong organic growth in GigaMedia's poker software and Asian online games businesses, as well as consolidation of T2CN. The sequential quarterly improvements were largely due to continued record-breaking performance in the poker vertical.
Consolidated gross profit for the fourth quarter increased 60 percent to $37.6 million from $23.5 million in 2006 and increased 13 percent quarter- over-quarter from $33.2 million, with year-over-year results reflecting revenue increases in the gaming software and Asian online games businesses during the periods, and quarter-over-quarter results reflecting strong growth of the poker software business. Fourth-quarter consolidated gross profit margin was 78.8 percent compared to 78.3 percent a year ago and 77.1 percent in the previous quarter. The year-over-year increase reflected a small increase in the gross margin of the online gaming software business and decreased relative contributions from the lower margin, non-core broadband ISP business, which together more than offset an expected margin decrease in the Asian online games business related to increased game licensing and royalty costs.
Consolidated operating income for the fourth quarter grew 16 percent year- over-year to $9.3 million from $8.0 million in 2006 and decreased 7 percent quarter-over-quarter from $10.0 million.
Driving the year-over-year increase in consolidated operating income from continuing operations were increased revenues from the gaming software and Asian online games businesses, which offset declining contributions from the legacy broadband ISP business. Revenue growth was partially offset by a decrease in consolidated operating margin to 19.5 percent from 26.7 percent a year ago. The year-over-year operating margin decrease reflected margin decreases in the gaming software business and the Asian online games business due to increases in selling and marketing expenses in all core business units, growth in product development and engineering expenses in the poker and casino software business, and consolidation and integration of T2CN and increased contributions from licensed games in the Asian online games business.
The quarter-over-quarter decline in consolidated operating income reflected a decline in the company's consolidated operating margin to 19.5 percent in the fourth quarter from 23.3 percent in the previous quarter, which offset revenue growth during the fourth quarter. The sequential decline in consolidated operating margin was largely due to the increase in advertising and marketing activities in the gaming software business and reflected the beneficial impact of lower product development and engineering expenses from the termination of a licensing agreement in the Asian online games business in the third quarter of 2007. (See "Business Unit Results," for more details.)
Consolidated net income for the quarter increased 8 percent to $10.7 million from $9.9 million in 2006, and grew by 10 percent from the previous quarter. The year-over-year increase was due to the aforementioned increase in operating income, which was partially offset by a decline in non-operating income. The quarter-over-quarter increase reflected the aforementioned factors impacting operating income in the fourth quarter, and the net impact of lower non-operating income, the benefit of a minority interest loss, and income tax benefits in the period.
GigaMedia also reports non-GAAP financial measures, including non-GAAP consolidated operating income, non-GAAP consolidated net income, non-GAAP basic and fully-diluted earnings per share, and consolidated EBITDA. The non- GAAP measures are described below and reconciliations to the corresponding GAAP measures are included at the end of this release. (See, "Use of Non-GAAP Measures," for more details.)
Non-GAAP consolidated operating income, non-GAAP consolidated net income, and non-GAAP basic and fully-diluted earnings per share all exclude non-cash share-based compensation charges. Fourth-quarter non-cash share-based compensation charges were $709 thousand, up from $574 thousand in the third quarter.
Non-GAAP consolidated operating income was $10.0 million in the fourth quarter of 2007, up 22 percent year-over-year and down 6 percent quarter-over- quarter. Non-GAAP consolidated net income in the fourth quarter was $11.3 million, representing an increase of 13 percent over the same period last year and an 11 percent increase over the third quarter of 2007. Non-GAAP basic earnings per share were $0.21, an 8 percent increase from 2006 and an increase of 10 percent quarter-over-quarter. Non-GAAP fully-diluted earnings per share were $0.19, a 10 percent increase from the same period last year and up 10 percent compared with the third quarter.
Consolidated EBITDA for the fourth quarter of 2007 held at $11.7 million versus the same period last year, and was up 4 percent from the third quarter of 2007. Operating cash flow for the fourth quarter of 2007 was $13.3 million. Capital expenditures totaled $3.7 million for the period.
GigaMedia continued to maintain a robust balance sheet at year end. Cash, cash equivalents and marketable securities-current totaled $79.9 million, up from $72.0 million at the end of the third quarter of 2007. Total loans amounted to $33.3 million at the end of the fourth quarter of 2007.
For the Full Year 2007
GIGAMEDIA FY07 CONSOLIDATED FINANCIAL RESULTS
(all figures in US$ FY07(unaudited) FY06(audited) Change(%)
thousands, except
per share amounts)
Revenues 166,878 94,292 77
Gross Profit 131,333 70,961 85
Operating Income 38,091 21,964 73
GAAP Net Income 38,890 30,784 26
GAAP Net Income
Per Share, Diluted 0.65 0.51 27
Non-GAAP Net Income 40,646 31,094 31
Non-GAAP Net
Income Per Share, Diluted 0.68 0.51 32
EBITDA 44,255 37,958 17
Cash, Cash Equivalents
and Marketable
Securities-Current 79,917 36,187 121
Consolidated revenues for 2007 increased 77 percent to a record $166.9 million from $94.3 million in 2006, driven by 116 percent growth in GigaMedia's gaming software business and 75 percent growth in the company's Asian online games business.
Consolidated gross profit for 2007 increased 85 percent to $131.3 million from $71.0 million in 2006, reflecting sharp revenue increases in the gaming software and Asian online games businesses during the period. Consolidated gross profit margin grew to 78.7 percent in 2007 from 75.3 percent in 2006 as a result of an increased gross margin in the gaming software business and decreased relative contributions from the legacy broadband ISP business, which more than offset a decline in the gross margin of the Asian online games business during the period related to an increase in game licensing and royalty costs.
Consolidated operating income for 2007 grew 73 percent to a record $38.1 million from $22.0 million in 2006. Driving the increase in consolidated operating income were increased revenues from the gaming software and Asian online games businesses, which offset declining contributions from the legacy broadband ISP business during 2007. Results also benefited from an increase in the operating margin of GigaMedia's gaming software business to 31.7 percent from 30.5 percent, which partially offset declines in the operating margins of the Asian online games business and the legacy broadband ISP business.
Consolidated net income for 2007 increased 26 percent to a record $38.9 million from $30.8 million in 2006, and grew 63 percent after deduction of a one-time after-tax gain of approximately $7.0 million recorded in 2006 from the sale of the company's ADSL business.
Non-GAAP measures reported by the Company for 2007 are described below and reconciliations to the corresponding GAAP measures are included at the end of this release. (See, "Use of Non-GAAP Measures," for more details.)
Non-GAAP consolidated operating income was $40.0 million in 2007, up 79 percent from 2006. Non-GAAP consolidated net income in 2007 was $40.6 million, representing an increase of 31 percent over 2006. Non-GAAP basic earnings per share in 2007 were $0.77, a 26 percent increase from 2006. Non-GAAP fully- diluted earnings per share were $0.68, a 32 percent increase from a year ago.
Consolidated EBITDA for 2007 was $44.3 million, up 17 percent from a year ago. Operating cash flow for 2007 was $53.5 million. Capital expenditures totaled $9.8 million for 2007.
Business Unit Results
GigaMedia Limited conducts its online entertainment business in two business segments. The gaming software segment develops and licenses online poker and casino gaming software solutions and application services, primarily targeting emerging Continental European markets. The Asian online games segment operates a suite of play-for-fun online games, mainly targeting online gamers in Greater China. A third segment, other business, consists of GigaMedia's legacy broadband ISP operations in Taiwan.
Gaming Software Business
(unaudited, in US$ FY07 FY06 4Q07 4Q06 3Q07
thousands)
Revenues 118,950 55,019 34,159 19,803 29,300
Gross Profit 102,750 47,195 29,734 16,978 25,170
Operating Income 37,703 16,772 9,818 6,006 9,533
Net Income Before
Minority Interests 37,858 16,529 10,561 5,896 9,488
Net Income 37,510 16,209 10,871 5,889 9,130
EBITDA 38,631 17,942 10,859 6,461 9,483
The gaming software business delivered outstanding performance in 2007, with strong organic growth in the company's poker software business driving record revenues and net income. Fourth-quarter results benefited from year-end seasonality, with revenues in the poker software business climbing 21 percent quarter-over-quarter and continuing to grow strongly into 2008. (See, "Business Outlook," for more details.)
For the Fourth Quarter
Fourth-quarter revenues in the gaming software business increased 73 percent year-over-year to $34.2 million from $19.8 million and by 17 percent quarter-over-quarter from $29.3 million.
GigaMedia's revenues from the gaming software business derived from providing poker and casino software and services to its master licensee were $15.8 million during the fourth quarter of 2007. This represented an increase of 66 percent from $9.5 million in 2006 and a 22 percent increase from the third quarter of 2007, which totaled $13.0 million. Such revenues are eliminated in consolidation.
Driving this performance was record revenue growth in GigaMedia's poker software business resulting from continued strong growth in real-money players on Everest Poker. Results also benefited from strong year-over-year growth in the casino software business.
Revenues in the poker software vertical were $26.8 million, up 107 percent from the same year-ago period and up 21 percent from the previous quarter. Poker software represented 78 percent of the business unit's total fourth- quarter 2007 revenues. Approximately 182,000 active depositing real-money customers played on the poker platform during the fourth quarter, up 12 percent from the previous quarter. During the quarter, approximately 57,000 new depositing real-money poker players were added, up 11 percent quarter- over-quarter.
The casino software business also continued to deliver strong profitability. Revenues in the casino software vertical were $7.4 million during the fourth quarter. This represented a 7 percent increase from the same period in 2006 and an increase of 2 percent from the previous quarter.
Fourth-quarter gross profit grew 75 percent to $29.7 million from $17.0 million in 2006 and was up 18 percent from $25.2 million in the third quarter, reflecting strong revenue growth over the year period and a seasonal upturn in the industry during the fourth quarter resulting in higher revenues. Gross profit margin remained relatively stable at 87.0 percent versus 85.7 percent in 2006 and 85.9 percent in the preceding quarter.
Total fourth-quarter selling and marketing expenses were $16.5 million, up 87 percent from $8.8 million in 2006 and up 44 percent quarter-over-quarter from $11.4 million, with the period increases reflecting increases in mass media promotions and payments to marketing affiliates as a result of strong revenue growth.
Operating income grew 63 percent to $9.8 million from $6.0 million in 2006 and by 3 percent quarter-over-quarter from $9.5 million. Operating margin declined to 28.7 percent from 32.5 percent in the previous quarter as selling and marketing expenses increased at a rate higher than that of revenue growth, reflecting continued strong reinvestment in the business to exploit attractive market opportunities during the seasonally strong winter months and drive continued strong growth in 2008.
Net income rose 85 percent to $10.9 million from $5.9 million in 2006 and by 19 percent sequentially from $9.1 million in the third quarter. EBITDA increased 68 percent year-over-year and grew 15 percent from the third quarter of 2007 to $10.9 million from $9.5 million. Capital expenditure totaled approximately $1.4 million for the fourth quarter.
For the Full Year 2007
Total revenues for 2007 jumped 116 percent to $119.0 million from $55.0 million in 2006, with poker software revenues climbing by 190 percent to $89.7 million from $30.9 million, and casino software revenues increasing 20 percent to $29.0 million from $24.1 million. Operating income increased 125 percent to $37.7 million in 2007 from $16.8 million in 2006, due to strong organic revenue growth and an increase in operating margin to 31.7 percent from 30.5 percent year-over-year. Net income for 2007 grew 131 percent to $37.5 million from $16.2 million in 2006. EBITDA grew 115 percent to $38.6 million from $17.9 million in 2006. Capital expenditure totaled approximately $4.4 million for 2007.
Everest Poker was awarded Poker Operation of the Year for 2007 by industry journal eGaming Review.
Asian Online Games Business
(unaudited, in US$ FY07 FY06 4Q07 4Q06 3Q07
thousands)
Revenues 32,764 18,691 10,074 5,252 10,028
Gross Profit 23,603 14,920 6,847 4,132 6,920
Operating Income 6,688 5,513 1,219 1,842 2,341
Net Income Before
Minority Interests 8,132 5,497 1,138 1,815 3,818
Net Income 7,199 5,497 1,298 1,815 2,592
EBITDA 9,537 7,259 2,058 2,286 3,246
The Asian online games business delivered solid performance in 2007 as GigaMedia continued to build out its leading pan-Asian platform.
During 2007, the company strengthened its position as a leader in Asia, growing its regional footprint significantly, enhancing its game portfolio by licensing expected hit titles targeting a full-range of gamers, and adding to its ability to source hot games through investments in leading game development studios. The business enters 2008 well-positioned to leverage its massive regional reach and grow profit significantly.
For the Fourth Quarter
Fourth-quarter revenues in the Asian online games business increased 92 percent to $10.1 million from $5.3 million a year ago and were comparable with the previous quarter. Organic growth of FunTown in Taiwan and Hong Kong and the consolidation of T2CN in China drove the year-over-year improvement.
Fourth-quarter revenues from FunTown grew 16 percent to $6.1 million from $5.3 million in 2006 and declined 1 percent from $6.2 million in the previous quarter. Year-over-year revenue growth was driven largely by strong contributions from the advanced casual game Tales Runner. Average monthly active paying accounts were approximately 117,000 during the fourth quarter, down 4 percent from the third quarter, and average monthly revenue per active paying account was $17.43 during the period, up 3 percent quarter-over- quarter. Peak concurrent users were approximately 49,000, a decrease of 4 percent from the third quarter.
During the fourth quarter, GigaMedia continued to build out and integrate its China platform, T2CN. Total net revenues for T2CN in the period were $4.0 million, up 2 percent from $3.9 million in the third quarter as a result of increased revenue from FreeStyle. Average monthly active paying accounts were approximately 360,000 during the fourth quarter, comparable with the third quarter, and average monthly revenue per active paying account was $3.45 during the period, up 8 percent quarter-over-quarter. Peak concurrent users of T2CN's popular online basketball game, FreeStyle, were approximately 173,000, an increase of 42 percent from the third quarter, with growth driven by the addition of new content and new promotional activities for the game during the period.
Fourth-quarter gross profit grew 66 percent to $6.8 million from $4.1 million in 2006 and decreased by 1 percent sequentially from $6.9 million, with the year-on-year results reflecting strong revenue growth in FunTown during 2007 and contributions from T2CN, and the quarterly sequential results in line with revenues in the period. Gross profit margin decreased to 68.0 percent from 78.7 percent in 2006 and from 69.0 percent in the preceding quarter, with the year-over-year decline reflecting an increase in revenue contributions from licensed games that have lower margins than self-developed games.
Total selling and marketing expenses in the fourth quarter grew 122 percent to $2.9 million from $1.3 million in 2006 and were comparable with the previous quarter. The year-over-year increase was due to increased mass media marketing of FunTown's game products and services during the period, as well as consolidation of T2CN and overall increased headcount and personnel expenses related to expansion of the Asian online games business.
Operating income declined 34 percent from the same period in 2006 to $1.2 million from $1.8 million, and decreased 48 percent from the previous quarter. Year-over-year results reflected the aforementioned decrease in gross margin and an increase in selling and marketing expenses, as well as higher general and administrative expenses related to expansion and integration of the Asian online business, which more than offset revenue growth during the period. The quarter-over-quarter variation was largely attributable to the beneficial impact of lower product development and engineering expenses from the termination of a licensing agreement on T2CN's results in the third quarter of 2007.
Fourth-quarter operating margin decreased to 12.1 percent from 35.1 percent in 2006 and from 23.3 percent in the previous quarter.
Net income declined by 29 percent to $1.3 million from $1.8 million in 2006 and by 50 percent sequentially from $2.6 million in the third quarter. The declines were due to the aforementioned factors impacting operating income. The quarterly sequential decline was also related to a quarter-over- quarter decrease in non-operating income, primarily reflecting the impact of non-operating gains from the cancellation of preferred share warrants and the termination of a licensing agreement at T2CN in the third quarter of 2007, partially offset by the benefit of a lower fourth-quarter minority interest income deduction.
EBITDA decreased 10 percent from the fourth quarter of 2006 to $2.1 million from $2.3 million and declined 37 percent from $3.2 million in the third quarter. Capital expenditure totaled approximately $663 thousand for the fourth quarter.
For the Full Year 2007
Total revenues for 2007 jumped 75 percent to a record $32.8 million from $18.7 million in 2006, with FunTown's revenues climbing 27 percent to $23.8 million and T2CN contributing revenues of approximately $9.0 million. Operating income increased 21 percent to a record $6.7 million from $5.5 million in 2006, due to strong organic revenue growth in FunTown and contributions from T2CN, partially offset by a decline in operating margin to 20.4 percent from 29.5 percent a year ago. Net income for 2007 grew 31 percent to a record $7.2 million from $5.5 million a year ago. EBITDA grew 31 percent to $9.5 million from $7.3 million in 2006. Capital expenditure totaled approximately $3.0 million for 2007.
Other Business -- Legacy Broadband ISP Business
(unaudited, in US$ FY07 FY06 4Q07 4Q06 3Q07
thousands)
Revenues 15,208 20,686 3,492 5,022 3,705
Gross profit 4,982 8,847 956 2,427 1,142
Operating Income (Loss) 715 4,290 (107) 1,316 24
Net Income (Loss) 1,156 13,037 40 3,221 6
EBITDA 2,834 16,757 271 4,073 401
In the fourth quarter of 2007, revenues were $3.5 million. Revenues during the period decreased 30 percent year-over-year and 6 percent quarter-over- quarter, primarily due to decreases in fees derived from bandwidth, consulting and support services related to the disposal of the ADSL business in 2006 and a continued decline in the consumer ISP business.
Operating income decreased from $1.3 million in the fourth quarter of 2006 and $24 thousand in the third quarter of 2007 to a loss of $107 thousand in the fourth quarter of 2007. The declines were largely due to the aforementioned decreases in revenues.
Net income in the fourth quarter of 2007 decreased from $3.2 million in 2006 and increased from $6 thousand in the third quarter to $40 thousand. The year-over-year variation reflected the aforementioned factors impacting operating income, as well as a non-operating gain of approximately $2.1 million related to a disposal gain on marketable securities recorded in the fourth quarter of 2006.
Total revenues for 2007 declined to $15.2 million from $20.7 million in 2006. Total operating income for 2007 decreased to $715 thousand from $4.3 million in 2006, primarily due to reduced revenues and operating margins. Total net income for 2007 decreased to $1.2 million from $13.0 million in 2006. The year-over-year variance in net income was due mainly to the aforementioned operating income decrease and certain non-operating gains recorded in 2006.
Business Outlook
The following forward-looking statements reflect GigaMedia's expectations as of March 11, 2008. Given potential changes in economic conditions and consumer spending, the evolving nature of broadband and online entertainment software, and various other risk factors, including those discussed in the Company's 2006 Annual Report or 20-F filing with the U.S. Securities and Exchange Commission referenced below, actual results may differ materially.
Gaming software business. GigaMedia expects continued strong revenue growth in its gaming software business in 2008 accompanied by continued strong investment to expand product offerings and strengthen the Everest brand. For the first two months of 2008, average net daily revenue was up approximately 12 percent over that achieved in the fourth quarter of 2007.
Asian online games business. The company expects revenues to climb sharply in 2008, driven by major new game launches, strong subscriber growth, and regional expansion of GigaMedia's pan-Asian platform, accompanied by continued strong investment to grow the business. In Taiwan and Hong Kong, GigaMedia expects major new game launches to include NBA Street Online, Holic and Hellgate: London in the second half of 2008. In China, GigaMedia expects to launch Holic in the fourth quarter of 2008. In the first two months of 2008, the business unit has recorded a significant increase in player activities compared to the fourth quarter of 2007.
Broadband ISP business. GigaMedia has retained financial advisors to assist with potential disposal of this legacy business unit and remains in discussions with identified buyers concerning potential sale of the business.
This outlook reflects GigaMedia's current and preliminary view, which is subject to change.
Use of Non-GAAP Measures
To supplement GigaMedia's consolidated financial statements presented in accordance with GAAP, the company uses the following measures defined as non- GAAP by the SEC: EBITDA, and US GAAP operating income, net income and basic and fully-diluted earnings per share data adjusted to exclude the impact of share-based compensation. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP.
GigaMedia believes these non-GAAP financial measures provide meaningful supplemental information regarding GigaMedia's performance by excluding certain expenses that may not be indicative of the company's operating performance. Effective January 1, 2006, GigaMedia adopted Statement of Financial Accounting Standards No. 123(R) ("SFAS 123(R)") regarding the expensing of share-based compensation. The company believes that the presentation of non-GAAP operating income, net income, and basic and fully- diluted earnings per share enables more meaningful comparisons of performances across periods to be made by excluding the effect of SFAS 123(R), and that EBITDA is a measure of performance used by some investors, equity analysts and others to make informed investment decisions. GigaMedia believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing the company's performance and when planning and forecasting future periods. GigaMedia believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using non-GAAP operating income excluding share-based compensation expenses, net income excluding share-based compensation expenses, and basic and fully-diluted earnings per share excluding share-based compensation expenses is that these non-GAAP measures exclude share-based compensation expenses that have been and will continue to be for the foreseeable future a recurring expense in the company's business. A limitation of using EBITDA is that it does not include all items that impact the company's net income for the period. In addition, EBITDA as defined by GigaMedia may not be comparable to similarly titled measures reported by other companies. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. Reconciliations of the adjusted income statement data to GigaMedia's US GAAP income statement data are provided on the attached unaudited financial statements.
About the Numbers in This Release
Full-year and quarterly figures
All 2007 figures and all 2006 quarterly figures referred to in the text, tables and attachments to this release are unaudited; all full-year 2006 amounts are audited. The financial statements from which the financial results reported in this press release are derived have been prepared in accordance with U.S. GAAP, and are presented in U.S. dollars. Consolidated financial results for the third and fourth quarters of 2007 benefited from GigaMedia's investment in T2CN. GigaMedia increased its total equity ownership of T2CN to approximately 58 percent in July 2007 and began to consolidate T2CN financial results with those of the Company in June 2007. As a result, consolidated financial results for the third and fourth quarters of 2007 and full-year 2007 may not be comparable with other periods.
Segmental results
GigaMedia's segmental financial results are based on the Company's method of internal reporting and are not necessarily in conformity with accounting principles generally accepted in the U.S. Consolidated quarterly and/or annual financial results of the Company may differ from totals of the Company's segmental financial results for the same period due to (1) the impact of certain of the Company's headquarters costs and expenses, which are not reflected in the business segment results, (2) the impact of certain non- operating subsidiaries of GigaMedia on the Company's consolidated financial results, and (3) certain inter-company eliminations.
Conference Call and Webcast
GigaMedia will hold a conference call at 8:00 p.m. Taipei/Hong Kong Time on March 11, 2008, which is 8:00 a.m. Eastern Daylight Time on March 11, 2007 in the United States, to discuss the Company's fourth-quarter and full-year performance. Individual investors can listen to a webcast of the call at http://ir.giga.net.tw/, through CCBN's individual investor center at http://www.fulldisclosure.com/, or by visiting any of the investor sites in CCBN's Individual Investor Network. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents ( http://www.streetevents.com/ ). The webcast will be available for replay.
About GigaMedia
GigaMedia Limited (Singapore registration number: 199905474H) is a major provider of online entertainment software and services. GigaMedia develops and licenses software for online gaming. GigaMedia also operates online games businesses including FunTown, a leading Asian casual games portal and the world's largest online MahJong game site in terms of revenue, and T2CN, a leading online sports game operator in China. More information on GigaMedia can be obtained from http://www.gigamedia.com.tw/ .
The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking statements are based on the Company's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia's Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in June 2007.
-- Tables to follow --
GIGAMEDIA LIMITED
CONSOLIDATED STATEMENTS OF OPERATIONS
Three months ended
12/31/2007 9/30/2007 6/30/2007 12/31/2006
unaudited unaudited unaudited unaudited
USD USD USD USD
Operating revenues
Software licensing &
online entertainment
revenues 34,158,749 29,299,559 29,220,597 19,802,743
Online game revenues 10,073,723 10,027,562 7,191,863 5,252,477
Internet access and
service revenues 3,471,812 3,689,449 3,646,204 5,007,468
Other revenues 3,440 4,365 4,725 6,446
Total operating revenues 47,707,724 43,020,935 40,063,389 30,069,134
Operating costs
Cost of software licensing
& online entertainment
revenues 4,424,939 4,129,266 4,050,000 2,824,318
Cost of online game
revenues (includes share-
based compensation
expenses under
SFAS 123(R ) of -$11,519,
$56,592, $0, $48,446, and
$0, respectively) 3,154,691 3,137,993 1,622,142 1,112,495
Cost of Internet access
and service revenues
(includes share-based
compensation expenses
under SFAS 123(R ) of
$5,928, $892, $4,661,
$8,637, and
$19,677, respectively) 2,496,242 2,515,366 2,519,135 2,425,974
Cost of other revenues 39,592 48,548 73,920 169,212
Total operating costs 10,115,464 9,831,173 8,265,197 6,531,999
Gross profit 37,592,260 33,189,762 31,798,191 23,537,135
Operating expenses
Product development &
engineering expenses
(includes share-based
compensation expenses
under SFAS 123(R ) of
$93,848, $73,437,
$92,644, $257,721,
and $127,113,
respectively) 2,766,070 1,441,986 1,881,345 1,526,907
Selling and marketing
expenses (includes share-
based compensation
expenses
under SFAS
123(R ) of $24,962,
$67,537, $15,848,
$144,542, and
$66,831, respectively) 19,988,099 14,964,237 13,829,089 10,720,740
General and administrative
expenses (includes share-
based compensation
expenses under SFAS
123(R ) of $595,695,
$376,034, $55,379,
$1,402,652,
and $96,358,
respectively) 5,379,660 6,630,458 5,858,573 3,085,338
Bad debt expenses 158,982 118,048 138,385 171,940
Total operating expenses 28,292,811 23,154,729 21,707,392 15,504,925
Income from operations 9,299,449 10,035,033 10,090,800 8,032,210
Non-operating income
(expense)
Interest income 477,495 442,143 325,633 162,222
Foreign exchange gain
(loss) - net (201,573) (209,034) (200,552) (25,184)
Gain on sales of
marketable securities 97,661 18,428 81,817 2,100,078
Gain (loss) on disposal of
property, plant & eqpmt. (63,092) (56,044) (12,260) (15,395)
Interest expense (209,855) (184,744) (152,883) (78,260)
Equity investment income
(loss) (192,938) (204,530) (29,441) 0
Other non-operating income 445,359 1,727,000 497,621 90,092
Non-operating income 353,057 1,533,219 509,935 2,233,553
Income tax benefit
(expense) 536,476 (290,580) 336,226 (383,504)
Minority interest (income)
loss 469,992 (1,582,712) 186,855 (6,950)
Net income 10,658,974 9,694,960 10,077,653 9,875,309
Earnings per share:
Basic 0.20 0.18 0.19 0.19
Fully-diluted 0.18 0.16 0.17 0.17
Weighted average shares
outstanding:
Basic 53,603,729 53,087,556 52,773,728 51,446,715
Fully-diluted 60,558,257 59,926,553 59,963,289 59,193,335
GIGAMEDIA LIMITED
CONSOLIDATED STATEMENTS OF OPERATIONS
Twelve months ended
12/31/2007 12/31/2006
unaudited audited
USD USD
Operating revenues
Software licensing & online
entertainment revenues 118,950,397 55,019,195
Online game revenues 32,763,689 18,691,438
Internet access and service revenues 15,146,509 20,537,003
Other revenues 17,071 44,326
Total operating revenues 166,877,666 94,291,962
Operating costs
Cost of software licensing & online
entertainment revenues 16,200,662 7,824,252
Cost of online game revenues
(includes share-based compensation
expenses under
SFAS 123(R ) of
-$11,519, $56,592, $0, $48,446, and
$0, respectively) 9,118,084 3,666,901
Cost of Internet access and service
revenues (includes share-based
compensation
expenses under
SFAS 123(R ) of $5,928, $892, $4,661,
$8,637,
and $19,677,
respectively) 10,002,140 11,448,584
Cost of other revenues 223,468 390,777
Total operating costs 35,544,354 23,330,514
Gross profit 131,333,312 70,961,448
Operating expenses
Product development & engineering
expenses (includes share-based
compensation
expenses under
SFAS 123(R ) of $93,848, $73,437,
$92,644, $257,721,
and
$127,113, respectively) 7,910,773 5,738,176
Selling and marketing expenses
(includes share-based compensation
expenses under SFAS 123(R ) of
$24,962, $67,537, $15,848,
$144,542, and $66,831,
respectively) 62,348,835 30,123,553
General and administrative expenses
(includes share-based compensation
expenses under SFAS 123(R ) of
$595,695, $376,034, $55,379,
$1,402,652, and $96,358,
respectively) 22,239,668 12,420,996
Bad debt expenses 743,426 714,933
Total operating expenses 93,242,702 48,997,658
Income from operations 38,090,610 21,963,790
Non-operating income (expense)
Interest income 1,440,841 722,418
Foreign exchange gain (loss) - net (674,412) (161,172)
Gain on sales of marketable
securities 204,983 2,188,818
Gain (loss) on disposal of property,
plant & eqpmt. (134,150) (36,674)
Interest expense (655,237) (582,369)
Equity investment income (loss) (369,189) 0
Other non-operating income 2,670,736 8,559,266
Non-operating income 2,483,572 10,690,287
Income tax benefit (expense) (402,723) (1,549,403)
Minority interest (income) loss (1,281,369) (320,471)
Net income 38,890,090 30,784,203
Earnings per share:
Basic 0.74 0.60
Fully-diluted 0.65 0.51
Weighted average shares outstanding:
Basic 52,875,835 50,920,834
Fully-diluted 60,022,034 61,113,711
GIGAMEDIA LIMITED
CONSOLIDATED BALANCE SHEETS
12/31/2007 9/30/2007 12/31/2006
unaudited unaudited audited
USD USD USD
Assets
Current assets
Cash and cash equivalents 68,563,199 59,402,276 22,371,582
Marketable securities - current 11,353,506 12,579,342 13,815,661
Notes and accounts receivable - - net 18,291,353 19,174,838 15,076,394
Inventories - net 177,085 249,700 122,807
Prepaid expenses 10,627,379 10,684,323 3,196,093
Restricted cash 6,247,308 3,910,581 2,697,071
Other current assets 2,669,932 5,360,865 6,896,276
Total current assets 117,929,762 111,361,925 64,175,884
Marketable securities - noncurrent 25,629,708 15,124,076 25,000,000
Property, plant & equipment - net 13,008,487 11,760,400 10,097,958
Goodwill 85,149,279 86,358,425 55,816,835
Intangible assets - net 26,060,034 24,921,992 23,067,184
Other assets 16,087,719 8,365,759 4,460,672
Total assets 283,864,989 257,892,577 182,618,533
Liabilities & shareholders' equity
Short-term loans 33,300,898 24,524,332 12,852,761
Notes and accounts payable 1,922,370 1,857,950 1,751,048
Accrued compensation 5,750,272 5,124,108 3,458,384
Accrued expenses 9,150,983 9,199,039 4,786,269
Other current liabilities 41,787,516 35,778,038 22,358,794
Total current liabilities 91,912,039 76,483,467 45,207,256
Other liabilities 1,477,789 1,501,020 1,790,374
Total liabilities 93,389,828 77,984,487 46,997,630
Minority interests 9,810,258 12,641,805 1,534,408
Shareholders' equity 180,664,903 167,266,285 134,086,495
Total liabilities & shareholders'
equity 283,864,989 257,892,577 182,618,533
GIGAMEDIA LIMITED
Reconciliations of Non-GAAP Results of Operations
Three months ended
12/31/2007 9/30/2007 12/31/2006
unaudited unaudited unaudited
USD USD USD
Income from operations
GAAP result 9,299,449 10,035,033 8,032,210
Adjustment: share-based
compensation 708,914 574,492 168,532
Non-GAAP result 10,008,363 10,609,525 8,200,742
Net income
GAAP result 10,658,974 9,694,960 9,875,309
Adjustment: share-based
compensation 669,888 541,297 168,532
Non-GAAP result 11,328,862 10,236,257 10,043,841
Basic earnings per share
GAAP result 0.20 0.18 0.19
Adjustment: share-based
compensation 0.01 0.01 0.01
Non-GAAP result 0.21 0.19 0.20
Fully-diluted earnings per share
GAAP result 0.18 0.16 0.17
Adjustment: share-based
compensation 0.01 0.01 0.00
Non-GAAP result 0.19 0.17 0.17
Reconciliation of Net Income to EBITDA
Net income 10,658,974 9,694,960 9,875,309
Depreciation 570,471 610,870 714,362
Amortization 830,934 842,158 767,033
Interest (income) expense (58,604) (166,064) (29,287)
Tax (benefit) expense (276,830) 264,330 367,622
EBITDA 11,724,945 11,246,254 11,695,039
GIGAMEDIA LIMITED
Reconciliations of Non-GAAP Results of Operations
Twelve months ended
12/31/2007 12/31/2006
unaudited unaudited
USD USD
Income from operations
GAAP result 38,090,610 21,963,790
Adjustment: share-based
compensation 1,861,998 309,979
Non-GAAP result 39,952,608 22,273,769
Net income
GAAP result 38,890,090 30,784,203
Adjustment: share-based
compensation 1,755,982 309,979
Non-GAAP result 40,646,072 31,094,182
Basic earnings per share
GAAP result 0.74 0.60
Adjustment: share-based
compensation 0.03 0.01
Non-GAAP result 0.77 0.61
Fully-diluted earnings per share
GAAP result 0.65 0.51
Adjustment: share-based
compensation 0.03 0.00
Non-GAAP result 0.68 0.51
Reconciliation of Net Income to
EBITDA
Net income 38,890,090 30,784,203
Depreciation 2,356,520 2,849,475
Amortization 3,172,969 2,871,605
Interest (income) expense (591,977) (44,321)
Tax (benefit) expense 427,498 1,497,428
EBITDA 44,255,100 37,958,390
For further information contact:
Brad Miller
Investor Relations Director
Tel: +886-2-3518-1107
Email: brad.miller@gigamedia.com.tw
GigaMedia Limited
CONTACT: Brad Miller of GIGM, +886-2-3518-1107, or brad.miller@gigamedia.com.tw
Web site: http://www.gigamedia.com.tw/
Trimble Demonstrates the Connected Community and Interactive Real-Time Communication for Construction ContractorsTrimble Connected Site Solutions Allow Greater Communication Between Construction Stakeholders
LAS VEGAS, March 11 /PRNewswire-FirstCall/ -- Trimble announced today that it will demonstrate its new Trimble Connected Community, a Web-based set of networking tools for heavy and highway construction contractors to connect with internal and external partners and clients. As part of the Trimble Connected Site(TM) portfolio of construction solutions, the Trimble Connected Community allows contractors to build information portals, share information and collaborate between head office management, site office teams, field crews, subcontractors, suppliers, engineers and clients on a project.
The live demonstrations will be held at CONEXPO-CON/AGG 2008, one of the world's largest international exhibitions for construction and construction materials industries. Trimble will be located in the Las Vegas Convention Center South Hall #S-17411 and in the Silver Lot #S-890.
In both indoor and outdoor settings, the demonstrations will feature four crucial Connected Site workflows on the modern construction job site by showing how two-way data transfer and real-time communications increase productivity for site positioning, grade control, asset management, and the Trimble Connected Community.
-- Connecting Site Positioning Systems - demonstration of real-time,
two-way data flow between the office and GPS or total station
positioning systems. By eliminating trips back to the office to
retrieve or download the latest design and work order data, the process
is streamlined and enables field crews to have the most up-to-date
information, reducing downtime and making field crews more efficient
and productive.
-- Connecting Grade Control Systems - demonstration of the productivity
improvements from real-time, two-way data for grade control systems,
which creates an intelligent "live" link between the machines and the
office. The live link enables contractors to rapidly send up-to-date
design information to the cab eliminating time consuming trips to site
and reducing errors associated with use of incorrect or out-of-date
site models. Two-way data also allows the equipment manager to monitor
the location and activity of each machine and to retrieve as graded and
compaction data from the machines to monitor site production volumes
and compaction performance.
-- Connecting Equipment and Mobile Assets - demonstration of the Trimble
Construction Manager solution, which combines GPS and wireless
communications to enable contractors to connect to their assets on
heavy and highway projects. Using an Internet-enabled interface, the
contractor can see the status of each piece of equipment on their
construction sites--live in the office. This powerful solution allows
the contractor to monitor and report cycle times, delivery status,
equipment productivity and utilization, machine run time and idle-time
hours, and fuel consumption to maximize their equipment fleet and
improve their operations by lowering costs, improving project cost
reporting and reducing project risk.
-- Connecting a Community - demonstration of the Trimble Connected
Community. Using Web communication technologies, contractors can
integrate head office, site office and field crew operations into a
communication portal that can be accessed by construction project
stakeholders. In addition, a contractor can extend their user community
to include engineers, subcontractors, suppliers and the owners of their
projects. The Connected Community can provide insight into project
operations, head office activities, and provide a collaboration site
that allows efficient sharing of information and rapid resolution of
site problems and requests for information. The collaborative
environment leverages information resources, promotes efficiencies, and
reduces delays associated with communicating and sharing information
with multiple stakeholders on the construction site.
About Trimble's Construction Business
Trimble's Construction Division is a leading innovator of productivity solutions for both the heavy and highway contractor and the building construction contractor. Trimble's solutions leverage a variety of technologies, including Global Positioning System (GPS), construction lasers, total stations, wireless data communications, the Internet, and application software. As part of the Trimble Connected Site strategy, these solutions provide a high-level of process and workflow integration from the design phase through to the finished project-delivering significant improvements in productivity throughout the construction lifecycle.
About Trimble
Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location-including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has a worldwide presence with more than 3,600 employees in over 18 countries.
For more information Trimble's Web site at http://www.trimble.com/.
GTRMB
Trimble
CONTACT: Lea Ann McNabb of Trimble, +1-408-481-7808, leaann_mcnabb@trimble.com
Web site: http://www.trimble.com/
Hutchison Telecom 2007 Annual Results Announcement Press Conference
18 March 2008 (Tuesday)
HONG KONG, March 11 /Xinhua-PRNewswire-FirstCall/ -- Hutchison Telecommunications International Limited will publish its 2007 annual results on Tuesday, 18 March 2008. Arrangements on the day are:
Upload webcast presentation, press release and announcement:
Time: About 4:20pm HK Time
Website: http://www.htil.com/
The webcast presentation will be in English.
Press Conference
Time: 4:50pm HK Time -- Registration
5:00pm HK Time -- Press conference starts
Venue: 22/F, Hutchison House
10 Harcourt Road
Central
Hong Kong
For enquiries, please contact:
Mickey Shiu
Work: +852-2128-3107
Mobile: +852-9092-8233
Email: mickeyshiu@htil.com.hk
Ada Yeung
Work: +852-2128-3106
Mobile: +852-6347-0619
Email: adayeung@htil.com.hk
Hutchison Telecommunications International Limited
CONTACT: Mickey Shiu, +852-2128-3107, mobile, +852-9092-8233, mickeyshiu@htil.com.hk; Ada Yeung, +852-2128-3106, Mobile +852-6347-0619, adayeung@htil.com.hk, both of Hutchison Telecom
Web Site: http://www.htil.com/
Trimble Introduces Real-time Material Density Information for Earthworks CompactionNew Functionality Provides Consistent Material Compaction Over the Entire Construction Project
LAS VEGAS, March 11 /PRNewswire-FirstCall/ -- Trimble today introduced the new Trimble CM310 Compaction Sensor that enables the display of real-time material density to the earthworks compactor operator. This new capability can increase machine productivity while providing complete, consistent material compaction over the entire construction project. Material surfaces can be compacted faster with better in-place densities-improving the efficiency of other earthworks operations, such as optimization of haul truck times and improved water drainage and management.
The announcement was made today at CONEXPO-CON/AGG 2008, one of the world's largest international exhibitions for construction and the construction materials industries. Trimble will be located in the Las Vegas Convention Center South Hall #S-17411 and in the Silver Lot #S-890.
Using the Trimble(R) CCS900 Compaction Control System with the new sensor, the contractor can better control the compaction process, making operations more efficient and productive. Now, the contractor can compact sub-surface material to a target density and number of machine passes, analyze sub-surface grade post-compaction for deficiencies in the surface (whether certain locations are high, low or on grade), and catch grade control mistakes in real-time, prior to the start of the final road building process.
Early detection of sub-surface material anomalies means that soft spots and hidden obstructions can be excavated and re-graded or compacted prior to the more costly phases of the construction process. Improved efficiency is accomplished by reducing unnecessary passes that might result in over compaction. Under compacted areas can be detected in the field, avoiding the need to return later and compact the area again.
The new real-time data feedback in the Trimble CCS900 Compaction Control System reinforces Trimble's leadership in providing the broadest portfolio of solutions for the heavy and highway contractor. The CCS900 system offers the same rugged durability and reliability standards that are customary of Trimble heavy construction positioning equipment. It can be installed on any single drum soil compactor with open or enclosed cab without fear of component failure or damage.
The Trimble CM310 Compaction Sensor for the Trimble CCS900 Compaction Control System is expected to be available in April 2008 through the Trimble worldwide distributor network.
About Trimble's Construction Business
Trimble's Construction Division is a leading innovator of productivity solutions for both the heavy and highway contractor and the building construction contractor. Trimble's solutions leverage a variety of technologies, including Global Positioning System (GPS), construction lasers, total stations, wireless data communications, the Internet, and application software. As part of the Trimble Connected Site strategy, these solutions provide a high-level of process and workflow integration from the design phase through to the finished project-delivering significant improvements in productivity throughout the construction lifecycle.
About Trimble
Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location-including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has a worldwide presence with more than 3,600 employees in over 18 countries.
For more information Trimble's Web site at http://www.trimble.com/.
GTRMB
Trimble
CONTACT: Lea Ann McNabb of Trimble, +1-408-481-7808, leaann_mcnabb@trimble.com
Web site: http://www.trimble.com/
Rainmaker Signs New Client to Deploy Comprehensive Global Marketing, Sales and Event Management SolutionNew Client Engages Rainmaker's Complete Integrated Solution for Lead Development, Contract Sales and Training/Event Management
CAMPBELL, Calif., March 11 /PRNewswire-FirstCall/ -- Rainmaker Systems, Inc. , a leading provider of sales and marketing solutions combining hosted application software and execution services, today announced it has signed a two-year agreement to deploy a worldwide, hosted, integrated marketing, sales and event management services solution for its new Client's Volume Business Program. The Client is the parent organization for member associations in the international technologies industries.
This new client will utilize Rainmaker's Revenue Delivery Platform as a single, cross-platform solution for lead development, contract sales and training/event management services from the inception of the engagement. Rainmaker will deploy its integrated solution on behalf of the Client's international member associations throughout their North America, EMEA and Asia-Pacific territories.
"Our Client selected us because of our demonstrated ability to provide a suite of lead generation, contract sales and event management services in a comprehensive, technology-based solution," said Michael Silton, Rainmaker's CEO. "We are pleased that our Client recognizes the value of our fully-integrated combination of hosted technology, data and expertise, and has chosen to deploy our full complement of services to support their global marketing initiatives."
About Rainmaker
Rainmaker Systems, Inc. delivers sales and marketing solutions, combining hosted application software and execution services designed to drive more revenue for our clients. Our Revenue Delivery Platform(SM) combines proprietary, on-demand application software and advanced analytics with specialized sales and marketing execution services. Rainmaker clients include large enterprises in a range of industries, including computer hardware and software, telecommunications, and financial services industries. For more information visit http://www.rmkr.com/ or call 800-631-1545.
NOTE: Rainmaker Systems, the Rainmaker logo, Sunset Direct and Contract Renewals Plus are registered with the U.S. Patent and Trademark Office. All other service marks or trademarks are the property of their respective owners.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company and its subsidiaries. We wish to caution you that these statements involve risks and uncertainties and actual events or results may differ materially. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are general market conditions, unfavorable economic conditions, our ability to execute our business strategy, our ability to integrate acquisitions and expand our operations without disruption to our business, the effectiveness of our sales team and approach, our ability to target, analyze and forecast the revenue to be derived from a client and the costs associated with providing services to that client, the date during the course of a calendar year that a new client is acquired, the length of the integration cycle for new clients and the timing of revenues and costs associated therewith, our client concentration given that the Company remains dependent on a few large client relationships, our ability to expand our channel hosted contract solution and drive adoption of this solution by resellers, potential competition in the marketplace, the ability to retain and attract employees, market acceptance of our service programs and pricing options, our ability to maintain our existing technology platform and to deploy new technology, our ability to sign new clients and control expenses, the possibility of the discontinuation of some client relationships, the financial condition of our clients' business and other factors detailed in the Company's filings with the Securities and Exchange Commission, including our filings on Forms 10-K and 10-Q.
CONTACT:
Carmela Wong Todd Kehrli or Jim Byers
Vice President, Marketing Investor Relations
Rainmaker Systems, Inc. MKR Group, Inc.
carmela.wong@rmkr.com rmkr@mkr-group.com
(408) 626-2418 (323) 468-2300
Rainmaker Systems, Inc.
CONTACT: Carmela Wong, Vice President, Marketing of Rainmaker Systems, Inc., +1-408-626-2418, carmela.wong@rmkr.com; or Todd Kehrli or Jim Byers, Investor Relations of MKR Group, Inc., +1-323-468-2300, rmkr@mkr-group.com, for Rainmaker Systems, Inc.
Web site: http://www.rmkr.com/
Trimble SCS900 Site Controller Software Increases Efficiency and Productivity Through Real-time Communication with the Construction SiteNew Functionality Eliminates Delays Associated with Transfer of Data to and from the Field
LAS VEGAS, March 11 /PRNewswire-FirstCall/ -- Trimble today announced the introduction of new wireless communication capabilities for its industry-leading Trimble SCS900 Site Controller Software. As part of the Trimble Connected Site(TM) portfolio of construction solutions, the new version of Trimble SCS900 software increases work flow efficiency by providing real-time transfer of data between the office and job site. With this new two- way data capability, field crews are more connected to the office than ever before.
The announcement was made today at CONEXPO-CON/AGG 2008, one of the world's largest international exhibitions for construction and the construction materials industries. Trimble will be located in the Las Vegas Convention Center South Hall #S-17411 and in the Silver Lot #S-890.
The addition of two-way data transfer in SCS900 Site Controller Software reinforces Trimble's leadership in providing the broadest portfolio of connected site solutions for the heavy and highway contractor.
With the Trimble SCS900 Site Controller Software version 2.33, engineers can email design changes or work orders to contractors and crews in the field. Likewise, the contractor can transfer progress reports, on-site problems, and as-built data back to the office on completion of on site operations. Contractors can realize significant savings by eliminating the time and cost of physically driving data updates to and from the field. Using the two-way data capability reduces delays and re-work associated with using outdated information and synching data only at the end of the work day. Reduced delays and re-work increase the likelihood that projects finish on time and under budget.
The Trimble SCS900 Site Controller Software operates on the Trimble TSC2(TM) or TCU hand-held controller. Using total station or the Global Positioning System (GPS) technology, the software is designed to simplify construction operations, increase efficiency in the field, and minimize downtime. The Trimble SCS900 software can be used at every stage of a heavy and highway construction project to:
-- Perform initial site measurement and verification of original ground
levels
-- Measure site features
-- Check finished grade and laid material thickness
-- Topo site or material stockpiles and compute volumes
-- Stake out points, lines, alignments, planes, surfaces, complex
roadways, side slopes, and catch points
-- Carry out as-built site measurements
Trimble SCS900 Site Controller Software v2.33 is expected to be available as a software download from the http://www.trimble.com/ website before the end of March.
About Trimble's Construction Business
Trimble's Construction Division is a leading innovator of productivity solutions for both the heavy and highway contractor and the building construction contractor. Trimble's solutions leverage a variety of technologies, including Global Positioning System (GPS), construction lasers, total stations, wireless data communications, the Internet, and application software. As part of the Trimble Connected Site strategy, these solutions provide a high-level of process and workflow integration from the design phase through to the finished project-delivering significant improvements in productivity throughout the construction lifecycle.
About Trimble
Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location-including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has a worldwide presence with more than 3,600 employees in over 18 countries.
For more information Trimble's Web site at http://www.trimble.com/.
GTRMB
Trimble
CONTACT: Lea Ann McNabb of Trimble, +1-408-481-7808, leaann_mcnabb@trimble.com
Web site: http://www.trimble.com/
CBIU Signs Agreement with LGLY Advertising LTD
XI'AN, China, March 11 /Xinhua-PRNewswire-FirstCall/ -- China Bionanometer Industries Corporation (Pink Sheets: CBIU), a leading company within the bionanometer industry has formally signed an agreement to establish long-term strategic cooperative partnership with China Guangzhou LGLY Advertising LTD.
Guangzhou LGLY Advertising LTD is China's top planning agency. It was founded in December 1997 and is well-known for its core senior advertising professionals, its convergence of diverse group of professional elite to form a dynamic creative team, its unique marketing planning and excellent performance, and its innovative sales success. LGLY Advertising LTD services well-known customers (brands), including: AT&T, Philips, Shell Oil, Konica, RT-CHINA, Yishengtang, Yangshengtang, Kelon Electric, Guangdong Union Pay, Guangzhou Oil, and Lafang Group, Huiyuan Group, Arche Group, City Crossing Group and many more.
We believe that with the cooperation of LGLY Advertising LTD in the restructuring of its brand image, including brand concept, product image and product packaging design, and advertising planning, will provide us core competitiveness and advertising sales force.
The CEO of the company, Mr. Chen Min, stated, "We are very pleased to be working with LGLY Advertising LTD in such a close cooperation, and we believe that this partnership will provide our customers and business with tremendous opportunities."
About China Bionanometer Industries Corporation
China Bionanometer Industries Corporation is a high-tech enterprise specializing in the research, development, production and sale of nanometer level health food, cosmetics, biological disinfection products, and traditional Chinese medicine. The company has obtained the state authentication for high-tech and innovative enterprises and is also an academic enterprise in the high-tech field. As a high-tech and innovative enterprise that takes scientific research as its base, profiting from the huge benefits brought by technological innovation, the company establishes an efficient scientific research development system that allows the continuation of the pursuit for newer technologies and industrial development by creating a people-orientated and innovative environment that follows the modern management model.
Forward-looking Statements
Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information.
China Bionanometer Industries Corporation
CONTACT: Maggie of Xi'an Landway Bionanometer Technology Co., Ltd., +86- 29-8837-2530, or fax, +86-29-8837-2530, or Maggie@Landway-nano.com
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