Companies news of 2008-03-26 (page 1)
Parker Awarded Ohio Grant to Advance Wind Energy Technology
Garmin(R) GPSMAP(R) 495: A Feature Rich, Great Value GPS for Pilots
180 Connect Inc. 2007 year end earnings teleconferenceStock Symbols: OTCBB: CNCT.OB,...
Atari, Inc. Receives Staff Determination Letter from Nasdaq-Common Stock Subject to...
Icahn Publishes an Open Letter to Motorola Board
Rogers Sets First Quarter 2008 Investment Community Teleconference and Annual...
Avistar Announces Cost Restructuring in Response to Patent Challenge by Microsoft
CommScope Signs Definitive Agreement to Divest Andes Business InterestMinority Holding...
Intrusion Inc. Books $700,000 of TraceCop(TM) Orders
Intrusion Inc. Announces Fourth Quarter and Annual Results
Oracle Reports Q3 GAAP EPS Up 30% to 26 Cents, Non-GAAP EPS Up 23% to 30 centsDatabase and...
ASAT Holdings Receives Notice of Delisting from NASDAQ; Company Expects American...
Verizon Wireless Files Lawsuit to Stop Telemarketers Offering Extended Automobile...
Micrel Receives Request to Call a Special Meeting of Shareholders
North American Technologies Group, Inc. Announces Changes in Management
eCollege's Enterprise Reporting Provides Data for Online Learning SuccessNew Reporting...
Level 3 Communications Sets First Quarter 2008 Earnings Call Date
Eutelsat and Speedcast Announce the Launch of a New Global Maritime Broadband Service
On Air, On The Go & Online, MTV Is On Fire!"The Hills" Sets 2008 Cable Record As #1...
Publicis Groupe Expands Digital Activities in South Asia
Publicis Groupe développe ses activités numériques en Asie du Sud
Eutelsat et Speedcast annoncent le lancement d'un nouveau service maritime mondial à haut...
Emageon Receives 'Best in KLAS' Cardiology PACS Award
New Computer Security Feature Added to Writing Roadmap, CTB/McGraw-Hill's Premiere Online...
Delta SKY Magazine Reviews ClearOne's Chat 50ClearOne's award-winning Chat 50 Personal...
Pay88 and Junfang Technology Co. Ltd. Announce Agreement for the Distribution of the 51...
Thomson Shareholders Approve Acquisition of Reuters
Peterson's and U.S. Navy Provide Education and Career Guidance to Service Members and...
Global Med Technologies(R), Inc. Announces the Sale of Approximately 3.3 Million Shares of...
Parker Awarded Ohio Grant to Advance Wind Energy Technology
CLEVELAND, March 26 /PRNewswire-FirstCall/ -- Parker Hannifin , the world leader in motion and control technologies, today announced that it was awarded a $1 million grant from the Ohio Third Frontier Advanced Energy Program for the commercialization of a hydraulic system developed by Parker for use in wind turbines. The targeted global wind turbine market for this technology is growing at over 20 percent per year.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990816/PHLOGO )
Hydraulic systems are integral to hundreds of markets and industries and have the potential to revolutionize and grow alternative energy applications, including wind power. The Parker hydraulic system uses components in wind turbines to convert wind energy into electricity, to improve their overall energy generating capacity and reliability, and to reduce maintenance expenses over their service lives.
Parker believes that Ohio has a tremendous opportunity to grow its economy by building on the strengths of its existing business base in advanced energy technologies. Parker's Hydraulic Wind Turbine project aims to invest in these strengths to better ensure the enhancement and expansion of next-generation energy production in Ohio. In addition to wind power, Parker is currently playing a significant role in developing energy technologies and solutions for geothermal, ocean energy, fuel cell, solar and hydropower applications.
Parker is working in partnership with the State of Ohio to accelerate the development and growth of the state's advanced energy initiatives, which include the delivery of reliable, efficient and cost effective wind energy.
The Parker-led project team combines Parker personnel with wind industry experts, potential customers and end users of these technologies. Project collaborators include the Manufacturing Advocacy & Growth Network (MAGNET), the Cleveland Foundation, North Coast Wind & Power, Wintec Energy Ltd., the Great Lakes Wind Network and the LNE Group.
Parker is pleased to play a leading role in Ohio's Advanced Energy Program funding, which strives to accelerate the development and growth of advanced energy industries for organizations seeking to improve energy independence and environmental sustainability.
With annual sales exceeding $10 billion, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs more than 57,000 people in 43 countries around the world. Parker has increased its annual dividends paid to shareholders for 51 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index. For more information, visit the company's web site at http://www.parker.com/, or its investor information site at http://www.phstock.com/
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/19990816/PHLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Parker Hannifin
CONTACT: Media, Christopher M. Farage, Vice President, Corp. Communications, +1-216-896-2750, cfarage@parker.com, or Financial Analysts, Pamela Huggins, Vice President - Treasurer, +1-216-896-2240, phuggins@parker.com, both of Parker Hannifin
Web site: http://www.phstock.com/
Garmin(R) GPSMAP(R) 495: A Feature Rich, Great Value GPS for Pilots
OLATHE, Kan., March 26 /PRNewswire-FirstCall/ -- Garmin International Inc., a unit of Garmin Ltd. , the global leader in satellite navigation, announced today the GPSMAP 495, a portable aviation device designed for pilots who want many of the same features as the popular GPSMAP 496 at a fraction of the cost. The GPSMAP 495 includes Garmin's SafeTaxi(R) airport diagrams, Garmin's Smart Airspace, AOPA's Airport Directory data, enhanced high-resolution terrain database, aviation database with private airports and heliports, accelerated GPS update rate, and European VFR reporting waypoints.
(Logo: http://www.newscom.com/cgi-bin/prnh/20061026/CGTH082LOGO)
"Those familiar with our aviation handheld product line will see the GPSMAP 495 as a cross between the GPSMAP 296 and GPSMAP 496 because it provides some of the advanced features found on the GPSMAP 496, but is closer to the GPSMAP 296's price point," said Gary Kelley, Garmin's vice president of marketing.
The GPSMAP 495 incorporates the same, higher resolution terrain database found on the GPSMAP 496. The land graphics have over ten times as much data as other Garmin handhelds and vividly display proximity hazards. In aviation mode, pilots have the benefit of terrain and obstacle alerting, pop-up alerts, and customizable minimum clearance limits that give audible terrain alerts at specified altitudes. Pilots will also appreciate Garmin's Smart Airspace feature that automatically highlights airspace close to the pilot's current altitude and de-emphasizes airspace away from the current altitude.
Like the GPSMAP 496, the GPSMAP 495 has an increased GPS update rate that is five times faster than other handheld GPS devices. This impressive speed gives fluid updates of GPS derived data including the aircraft's flight indicators, such as the HSI and turn rate indicator.
The GPSMAP 495's SafeTaxi diagrams and Aircraft Owners and Pilots Association (AOPA) Airport Directory data help reduce the headaches associated with navigating unfamiliar taxiways and airports. With over 850 US airport diagrams preloaded, SafeTaxi lets pilots see the aircraft's exact location on the field in relation to charts that identify runways, taxiways and hangars. The preloaded AOPA Airport Directory data includes information for over 5,300 public-use airports and more than 7,000 FBOs, such as pilot services, ground transportation, lodging, restaurants, and local attractions. In addition, Garmin's version of the AOPA's Airport Directory highlights airports where pilots can save on fuel by using self-service fueling locations.
Those who want to use the GPSMAP 495 on the road or water can do so by adding optional MapSource(R) City Navigator(R) street maps or BlueChart(R) marine cartography. City Navigator helps drivers navigate unfamiliar streets with turn-by-turn, voice-prompted directions to specific addresses and points of interests. When MapSource BlueChart(R) marine cartography is installed, the waterproof GPSMAP 495 displays information like depth contours, inter-tidal zones, spot soundings, wrecks, navaids, port plans, restricted areas, cable areas and anchorages.
The GPSMAP 495 is expected to be available April 8-13, 2008, at the Sun 'n Fun Fly-In in Lakeland, Florida. The expected street price is $1,595.00. Those who purchase a GPSMAP 495 at the 2008 Sun 'n Fun Fly-In are also eligible to receive a $100 rebate. The GPSMAP 495 package includes a yoke mount, cigarette-lighter adapter, AC adapter cable, USB-to-PC interface cable, low-profile remote GPS antenna, carrying case, free Jeppesen update certificate, owner's manual and quick-reference guide. The GPSMAP 495 does not include the GXM 30A smart antenna with XM WX Satellite Weather and it is not compatible with the GXM(TM) 30A smart antenna.
About Garmin International Inc.
Garmin International Inc. is a subsidiary of Garmin Ltd. , the global leader in satellite navigation. Since 1989, this group of companies has designed, manufactured, marketed and sold navigation, communication and information devices and applications -- most of which are enabled by GPS technology. Garmin's products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Garmin Ltd. is incorporated in the Cayman Islands, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual pressroom at http://www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200. Garmin, GPSMAP, SafeTaxi, City Navigator, MapSource and BlueChart are registered trademarks, and GXM is a trademark of Garmin Ltd. or its subsidiaries.
All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on forward-looking statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. All statements regarding the company's future product introductions are forward-looking statements. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 29, 2007, filed by Garmin with the Securities and Exchange Commission (Commission file number 000-31983). A copy of Garmin's Form 10-K can be downloaded at http://www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Photo: http://www.newscom.com/cgi-bin/prnh/20061026/CGTH082LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Garmin International Inc.
CONTACT: Jessica Myers of Garmin International Inc., +1-913-397-8200, media.relations@garmin.com
Web site: http://www.garmin.com/
180 Connect Inc. 2007 year end earnings teleconferenceStock Symbols: OTCBB: CNCT.OB, CNCTU.OB, CNCTW.OB
TORONTO, ON and ENGLEWOOD, CO, March 26 /PRNewswire-FirstCall/ -- 180 Connect Inc. ("180 Connect" or the "Company") (OTCBB: CNCT.OB, CNCTU.OB, CNCTW.OB), one of North America's largest providers of installation, integration and fulfillment services to the home entertainment, communications and home integration service industries, will be hosting a teleconference call to discuss the Company's 2007 year end financial and operating results. The financial results will be released at 4:00 p.m. EST Monday March 31, 2008.
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DATE: Monday, March 31, 2008
TIME: 5:00 p.m. EST
ACCESS NUMBER: 617.213.8853 International dial or 866.831.6224
pass code 15653962
REBROADCAST: 617.801.6888 International dial or 888.286.8010,
pass code 92229639
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We invite you to participate via teleconference. Please dial the access number five minutes prior to the scheduled start time. A taped rebroadcast of the teleconference will be available upon completion of the meeting on March 31, 2008 at 7:00 p.m. EST to April 7, 2008 at 11:59 p.m. EST. The rebroadcast will also be available on the Company's website http://www.180connect.net/.
About 180 Connect Inc.
180 Connect Inc. is one of North America's largest providers of installation, integration and fulfillment services to the home entertainment, communications and home integration service industries. With more than 4,000 skilled technicians and 750 support personnel based in over 85 operating locations, 180 Connect is well positioned as the only pure play national residential service provider in the market. 180 Connect shares are traded under the name of 180 Connect Inc. on the OTCBB under the symbols CNCT.OB, CNCTU.OB and CNCTW.OB.
For Information please contact Investor Relations or visit our website at http://www.180connect.net/.
180 Connect Inc.
CONTACT: Investor Relations: Claudia A. Di Maio, Director, Investor Relations, TEL: 866-995-8888, DIRECT LINE: (416) 930-7710, EMAIL: cdimaio@180connect.net; Devlin Lander, Integrated Corporate Relations, TEL.: (415) 292-6855
Atari, Inc. Receives Staff Determination Letter from Nasdaq-Common Stock Subject to Delisting--Atari, Inc. Intends to Initiate Appeal Process-
NEW YORK, March 26 /PRNewswire-FirstCall/ -- Atari, Inc. , an interactive entertainment company, announced today that on March 24, 2008 it received a Staff Determination Letter from the Nasdaq Listing Qualifications Department stating that Atari, Inc. has not gained compliance with the requirements of Nasdaq Marketplace Rule 4450(b)(3), and that its securities are therefore subject to delisting from The Nasdaq Global Market.
As previously announced, on December 21, 2007, the Nasdaq Listing Qualifications Department notified Atari, Inc. that, pursuant to Nasdaq Marketplace Rule 4450(e)(1), unless the market value of Atari, Inc.'s publicly held shares (which is calculated by reference to Atari, Inc.'s total shares outstanding, less any shares held by officers, directors or beneficial owners of 10% or more) maintains an aggregate market value of $15.0 million or more for a minimum of 10 consecutive business days prior to March 20, 2008, Atari, Inc.'s securities would be subject to delisting. The value of Atari, Inc.'s publicly held shares did not reach that level within the required period. Atari, Inc. intends to request a hearing before a Nasdaq Listing Qualifications Panel in order to appeal the Nasdaq Staff's determination in light of, among other things, the pending proposal by Infogrames Entertainment SA (IESA) to acquire all of the outstanding shares of common stock not held by IESA. The hearing request will stay the delisting and, as a result, Atari, Inc.'s securities will remain listed on The Nasdaq Global Market until the Panel issues its decision following the hearing. There can be no assurance that the Panel will grant Atari, Inc.'s request for continued listing on The Nasdaq Global Market.
About Atari, Inc.
New York-based Atari, Inc. publishes and distributes interactive entertainment software in the U.S. The Company's 1,000+ published titles distributed by the Company include hard-core, genre- defining franchises such as Test Drive(R); and mass-market and children's franchises such Dragon Ball Z(R). Atari, Inc. is a majority-owned subsidiary of France- based Infogrames Entertainment SA (Euronext - ISIN: FR-0000052573), an interactive games publisher in Europe. For more information, visit http://www.atari.com/.
Safe Harbor Statement
With the exception of the historical information contained in this release, the matters described herein contain certain "forward-looking statements" that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release are not promises or guarantees and are subject to risks and uncertainties that could cause actual occurrences to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements.
The Company undertakes no duty to update any forward-looking statements to conform the statement to actual results or changes in the Company's expectations.
Atari, Inc.
CONTACT: Arturo Rodriguez of Atari, Inc., +1-212-726-4234, arturo.rodriguez@atari.com
Web site: http://www.atari.com/
Icahn Publishes an Open Letter to Motorola Board
NEW YORK, March 26 /PRNewswire/ -- Carl Icahn is sending the following letter to the Board of Directors of Motorola, Inc. (NYSE MOT):
Carl C. Icahn
c/o Icahn Associates Corp.
767 Fifth Avenue, 47th Floor
New York, NY 10153
March 26, 2008
Board of Directors
Motorola, Inc.
131 E. Algonquin Road
Schaumberg, Illinois 60196
Ladies and Gentlemen:
Today's -- much delayed and long overdue -- announcement regarding the spin-off of the Mobile Devices business and the establishment of two fully independent companies with separate management teams and Boards is clearly a step in the right direction. As you know, for some time I have argued that this should be done. However, as one of the largest Motorola stockholders, I continue to have concerns about the speed and manner in which a new management team is selected for the Mobile Devices business and the separation transaction is consummated. Time is of the essence and decisive action is required to reposition the Mobile Devices business for success as an independent company. Furthermore, today's announcement begs a few key questions:
1. Why will it take you until sometime in 2009 to accomplish the
separation?
2. Why does it take the threat of a proxy fight for you to make
promises we all want to hear?
3. Do you intend to carry out your proposals or will it be a repeat of
last year's proxy fight strewn with a string of broken commitments?
Obviously the tepid reaction of the market manifests shareholders'
views concerning the value of your commitment. The only statement
made in your conference call we totally agree with is that . . .
"there can be no assurances that any transaction will ultimately
occur."
You stated during today's conference call, "we discussed Board Nominees with Carl Icahn and we proposed two nominees and he declined." Again this is only partially true. It is true that Sandy Warner, head of the Nominating Committee called me and offered seats to two of my Nominees if I would drop the proxy fight. However, you failed to mention in your conference call that I told Mr. Warner that I would gladly accept this offer if the Board would also accept Keith Meister. Mr. Warner replied summarily to this offer that Meister did not "qualify." I asked Mr. Warner what does one have to do to qualify -- lose $37 billion dollars? Mr. Warner then replied that the Board did not "know" Meister. My answer was that Meister would fly anywhere at any time to meet the Board so they could "know" him (I did mention that the situation at Motorola is too serious for the Board to remain a country club). My offer to Motorola stills stands.
You have stated to the press that our request for information about what steps the Board actually took to correct the problem at Motorola is an unnecessary distraction. We disagree. In a political election when constituents believe their representatives' performance was inadequate, they are certainly not denied information as to whether their representative acted in a grossly negligent fashion. Why should it be different in Corporate America?
I do however agree with you that this proxy fight is a distraction that Motorola at this junction can ill afford. If as you have stated, we all want to benefit the stockholders of Motorola, then what possible reason is there for not putting Keith Meister on the Board. After all, how much can he eat at the Board meetings? On a positive side, having a highly intelligent, energetic individual like Keith, who has 145 million reasons to spend his time working toward the spin-off being accomplished, may well make this promise come true in a timely fashion.
We ask the Board meet with Meister, put egos aside and let's get on with the urgent business at hand.
Sincerely,
Carl C. Icahn
SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY Carl C. Icahn, FRANK BIONDI, JR., WILLIAM R. HAMBRECHT, LIONEL C. KIMERLING, KEITH MEISTER, ICAHN Partners LP, Icahn Partners Master Fund LP, Icahn Partners Master Fund II LP, Icahn Partners Master Fund III LP, High River Limited Partnership, Barberry Corp., Icahn Enterprises G.P. Inc., Icahn Enterprises Holdings L.P., IPH GP LLC, Icahn Capital L.P., Icahn Onshore LP, Icahn Offshore LP, Beckton Corp., AND CERTAIN OF THEIR RESPECTIVE AFFILIATES FROM THE STOCKHOLDERS OF MOTOROLA, INC. FOR USE AT ITS ANNUAL MEETING, BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE PARTICIPANTS IN THIS PROXY SOLICITATION. A DEFINITIVE PROXY STATEMENT AND A FORM OF PROXY WILL BE MAILED TO STOCKHOLDERS OF MOTOROLA, INC., WILL BE AVAILABLE TO STOCKHOLDERS OF MOTOROLA, INC. FROM THE PARTICIPANTS AT NO CHARGE AND WILL ALSO BE AVAILABLE AT NO CHARGE AT THE SECURITIES AND EXCHANGE COMMISSION'S WEBSITE AT http://www.sec.gov/. INFORMATION RELATING TO THE PARTICIPANTS IN THIS PROXY SOLICITATION IS CONTAINED IN SCHEDULE 14A FILED BY MR. ICAHN AND CERTAIN OF HIS AFFILIATES WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 24, 2008, WHICH DOCUMENT IS AVAILABLE AT NO CHARGE AT THE SECURITIES AND EXCHANGE COMMISSION'S WEBSITE AT http://www.sec.gov/.
Carl C. Icahn
CONTACT: Susan Gordon for Carl C. Icahn, +1-212-702-4309
Rogers Sets First Quarter 2008 Investment Community Teleconference and Annual Shareholders' Meeting for April 29, 2008
TORONTO, March 26 /PRNewswire-FirstCall/ -- Rogers plans to release its first quarter 2008 financial results before North American markets open the morning of April 29, 2008. Company management will host a teleconference with the financial community at 12:00 p.m. ET the same day to discuss the Company's results and outlook.
Those wishing to listen to the teleconference should access the live webcast on the Investor Relations section of Rogers' web site at http://www.rogers.com/ or http://www.rogers.com/webcast. The webcast will be available on Rogers' web site for re-broadcast following the teleconference for at least two weeks.
Members of the financial community wishing to ask questions during the call may access the teleconference by dialing 416.640.1907 ten minutes prior to the scheduled start time and requesting access to Rogers' first quarter 2008 earnings teleconference. In addition to the webcast archive, a telephonic re-broadcast will also be available following the teleconference by dialing 416.640.1917, pass code 21267426 followed by the number sign.
Rogers Communications will also hold its annual general shareholders' meeting the same day, Tuesday, April 29, 2008 at 3:00 p.m. in Toronto, Ontario. Details of the meeting are included in the proxy circular that is being delivered to shareholders and which has been filed with securities regulators in Canada and the United States.
About The Company:
Rogers Communications is a diversified Canadian communications and media company. We are engaged in wireless voice and data communications services through Wireless, Canada's largest wireless provider and the operator of the country's only Global System for Mobile Communications ("GSM") based network. Through Cable and Telecom we are one of Canada's largest providers of cable television, cable telephony and high-speed Internet access, and are also a full-service, facilities-based telecommunications alternative to the traditional telephone companies. Through Media, we are engaged in radio and television broadcasting, televised shopping, magazines and trade publications, and sports entertainment. We are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B), and on the New York Stock Exchange . For further information about the Rogers group of companies, please visit http://www.rogers.com/.
Rogers Communications Inc.
CONTACT: Deborah DeRoche on (416) 935-3551 or deborah.deroche@rci.rogers.com
Avistar Announces Cost Restructuring in Response to Patent Challenge by Microsoft
SAN MATEO, Calif., March 26 /PRNewswire-FirstCall/ -- Avistar Communications Corporation today announced decisive cost cutting measures. As part of this cost management program, the company will reduce its US and European workforce by approximately 25%, largely by the end of Q1 2008. In addition, Avistar is suspending the formation of its previously-announced China-based development capacity. This cost structure realignment is prompted in large part by Microsoft Corporation's recent challenge to all of Avistar's US patents through the US Patent and Trademark Office (USPTO).
Following extended in-depth licensing discussions, Microsoft moved to challenge all of Avistar's 29 US patents using the USPTO's re-examination process. "This single action against Avistar's complete US patent portfolio represents over 5% of the entire 2007 third-party re-examination challenges at the USPTO," observed Simon Moss, Avistar's CEO. "This leads to only one logical conclusion -- Microsoft must be taking our patent portfolio very seriously in regard to it's relevance to their present or future products. Why else would it take such a dramatic action?"
"Avistar has 80 US and foreign patents in its current portfolio relevant to the burgeoning unified communications market. The patents submitted for re-examination have a 1993 priority date, have already been examined over a large body of prior art, and include patents that have successfully withstood two litigations," added Tony Rodde, Avistar's President; Intellectual Property Division. "Accordingly, we believe that the re-examination process, if undertaken by the USPTO, will validate these patents and make them even stronger."
Avistar remains hopeful of reaching a favorable resolution with Microsoft on licensing Avistar's intellectual property in the near future. In the meantime, however, the prospect of an extensive re-examination process and the potential impact on Avistar's financial outlook have left Avistar with no alternative but to proactively and decisively execute this set of cost reductions in order to protect its intellectual property and its associated product business.
These cost management efforts are structured to effectively align operations to deal with Microsoft's challenges, while still allowing Avistar to continue investing in its C3 video communications and collaboration product line, as well as continuing to license its intellectual property and technology. In expanding its C3 product suite, Avistar has scheduled the introduction of new, market-leading software solutions which implement additional unified communication features, add turnkey room-based videoconferencing solutions targeted at small to medium meeting rooms and executive offices, as well as incorporating significant progress in key community and supply chain innovations.
Avistar is recognized as one of the early pioneers in unified communications. Wainhouse Research expects the market for Unified Communications to expand 104% annually to $16.6B by 2012. The relevance of Avistar's patent portfolio has never been more important to the firm. An analysis conducted last year by Ocean Tomo, LLC, a leading appraisal and services firm with specialized expertise in valuing patents, indicated that, subject to certain qualifications, the potential net present value of monetizing Avistar's intellectual property could represent an income of between $300 and $500 million.
About Avistar Communications Corporation
Avistar creates technology that provides the missing critical element in unified communications: bringing people in organizations face-to-face, through enhanced communications, for true collaboration anytime, anyplace. Its latest product, Avistar C3, draws on over a decade of market experience to deliver a single-click desktop videoconferencing and collaboration experience that moves business communications into a new era. Available as a stand-alone solution, or integrated with existing unified communications software from other vendors, Avistar C3 users gain instant messaging-style ability to initiate video communications across and outside the enterprise. Patented bandwidth management enables thousands of users to access desktop videoconferencing, Voice over IP (VoIP) and streaming media, without requiring substantial new network investment or impairing network performance.
Avistar's desktop videoconferencing and collaboration installations are among the world's largest, including more than 18,000 seats in more than 40 countries. Clients report as much as a 20 percent reduction in travel expense and carbon emissions, increases in productivity, and immeasurably improved relationship building within their organizations, as well as with suppliers and customers. Avistar holds a portfolio of 80 patents for inventions in video and network technology and licenses IP to videoconferencing, rich-media services, public networking and related industries. Current licensees include Sony Corporation, Polycom, Inc., Tandberg ASA, Radvision Ltd. and Emblaze- VCON.
For more information, visit http://www.avistar.com/
Forward Looking Statements
Statements made in this news release that are not purely historical, including but not limited to statements regarding the validation and strengthening of Avistar's patents as a result of the re-examination process, Avistar's prospects for achieving a favorable resolution with Microsoft on licensing Avistar's intellectual property in the near future, the impact of Avistar's cost reductions on its ability to protect its intellectual property and its associated product business, growth in the market for Unified Communications and the net present value of monetizing Avistar's intellectual property portfolio, are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act. Such statements are subject to risks and uncertainties that could cause actual results to differ materially, including such factors, among others, as uncertainty associated with the USPTO's review and determination process, the time and expense to Avistar of responding to the re-examination requests and defending its patent portfolio, difficulties associated with enforcing or licensing Avistar's patent portfolio to Microsoft or others during the review and possible re-examination process, the risk that Avistar's existing and pending patents could be revoked by the USPTO, Avistar's lengthy sales cycle, volatility associated with Avistar's sales and licensing activities which make it difficult to match Avistar's expenses with its revenue and risks that the assumptions and qualifications upon which the Ocean Tomo report was based do not materialize. As a result of these and other factors, Avistar expects to experience significant fluctuations in its licensing activities and operating results, and there can be no assurance that Avistar's future results will meet expectations. These and other risk factors are discussed in Avistar's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission from time to time. Avistar disclaims any intent or obligation to update these forward-looking statements.
Avistar Communications Corporation
CONTACT: Ken Lempit of Austin Lawrence Group for Avistar Communications Corporation, +1 203-391-3006, k.lempit@austinlawrence.com
Web site: http://www.avistar.com/
CommScope Signs Definitive Agreement to Divest Andes Business InterestMinority Holding Divested Pursuant to December 2007 DOJ Consent Decree
HICKORY, N.C., March 26 /PRNewswire-FirstCall/ -- CommScope, Inc. , a global leader in infrastructure solutions for communications networks, signed a definitive agreement to divest its minority interest in Andes Industries, Inc. pursuant to a December 6, 2007 consent decree with the United States Department of Justice. This agreement was entered into to comply with the terms of the settlement agreement among CommScope, Andrew Corporation and the DOJ that allowed CommScope to complete its acquisition of Andrew.
Pursuant to the agreement, CommScope will transfer its equity and other financial interests in Andes and its affiliates, as well as certain other related assets, to Andes, and each of the parties will release all claims against each other, including claims relating to prior transactions between Andrew and Andes. Andes has agreed to make payments of up to $16 million to CommScope, but only upon the occurrence of certain extraordinary events, such as the sale of Andes to a third party, during a two year period following the consummation of the agreement.
The consummation of the agreement is subject to the approval of the DOJ as well as satisfaction of other customary closing conditions.
About CommScope
CommScope, Inc. (http://www.commscope.com/) is a world leader in infrastructure solutions for communication networks. Through its Andrew Wireless Solutions(TM) brand, it is a global leader in radio frequency subsystem solutions for wireless networks. Through its SYSTIMAX(R) and Uniprise(R) brands, CommScope is the global leader in structured cabling systems for business enterprise applications. It is also the premier manufacturer of coaxial cable for broadband cable television networks and one of the leading North American providers of environmentally secure cabinets for DSL and FTTN applications. Backed by strong research and development, CommScope combines technical expertise and proprietary technology with global manufacturing capability to provide customers with infrastructure solutions for evolving global communications networks in more than 130 countries around the world.
This press release includes forward-looking statements that are based on information currently available to management, management's beliefs, as well as on a number of assumptions concerning future events. Forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, which could cause the actual results to differ materially from those currently expected. For a more detailed description of the factors that could cause such a difference, please see CommScope's filings with the Securities and Exchange Commission. In providing forward-looking statements, the company does not intend, and is not undertaking any obligation or duty, to update these statements as a result of new information, future events or otherwise.
CommScope, Inc.
CONTACT: Investors, Phil Armstrong, +1-828-323-4848, or Media, Rick Aspan, +1-708-236-6568, publicrelations@commscope.com, both of CommScope
Web site: http://www.commscope.com/
Intrusion Inc. Books $700,000 of TraceCop(TM) Orders
RICHARDSON, Texas, March 26 /PRNewswire-FirstCall/ -- Intrusion Inc. (BULLETIN BOARD: INTZ) announced today it received orders totaling $700,000 from the U.S. Government and a U.S. Defense Contractor for TraceCop projects during the first quarter. These orders are expected to mostly produce revenue during the second and third quarters of 2008. TraceCop is Intrusion's product family that provides abilities to trace the source of cyber based attacks and other types of network crime.
About Intrusion Inc.
Intrusion Inc. is a global provider of entity identification systems, regulated information compliance, and data privacy protection and network intrusion prevention and detection products. Intrusion's product families include TraceCop(TM) for identity identification, the Compliance Commander(TM) for regulated information and data privacy protection, and Intrusion SecureNet for network intrusion prevention and detection. Intrusion's products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks. For more information, please visit http://www.intrusion.com/.
This release, other than historical information, may include forward- looking statements regarding future events or the future financial performance of the Company. Such statements include, without limitations, statements regarding future revenue growth and profitability, as well as other statements. These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the following: the difficulties in forecasting future sales caused by current economic and market conditions, the effect of military actions on government and corporate spending on information security products, spending patterns of, and appropriations to, U.S. government departments, the impact of our cost reduction programs and our refocused product line, the difficulties and uncertainties in successfully developing and introducing new products in emerging markets, market acceptance of our products, the impact of our sustained losses on our ability to successfully operate and grow our business, our stock price and the recent loss of our Nasdaq listing, our ability to generate sufficient cash flow or obtain additional financing on acceptable terms in order to fund ongoing liquidity needs, the highly competitive market for our products, the effects of sales and implementation cycles for our products on our quarterly results, difficulties in accurately estimating market growth, the consolidation of the information security industry, the impact of changing economic conditions, business conditions in the information security industry, our ability to manage acquisitions effectively, the impact of market peers and their products as well as risks concerning future technology and others identified in our Annual Report on Form 10-KSB, as amended, and other Securities and Exchange Commission filings. These filings can be obtained by contacting Intrusion Investor Relations.
Contact:
Michael L. Paxton, VP, CFO
972.301.3658, mpaxton@intrusion.com
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Intrusion Inc.
CONTACT: Michael L. Paxton, VP, CFO, Intrusion Inc., +1-972-301-3658, mpaxton@intrusion.com
Web site: http://www.intrusion.com/
Intrusion Inc. Announces Fourth Quarter and Annual Results
RICHARDSON, Texas, March 26 /PRNewswire-FirstCall/ -- Intrusion Inc. (BULLETIN BOARD: INTZ) , ("Intrusion") today announced financial results for the quarter and year ended December 31, 2007.
Revenue for the fourth quarter 2007 was $0.5 million, compared to $1.5 million for the fourth quarter 2006. Revenue for the year 2007 was $3.5 million, compared to $5.2 million in 2006.
Intrusion's net loss was $0.8 million in the fourth quarter 2007, compared to $0.2 million for the fourth quarter 2006. Net loss was $2.4 million for the year 2007, compared to $3.0 million for the year 2006.
Gross profit margin was 61% of revenue in the fourth quarter of 2007, compared to 60% of revenue in the fourth quarter 2006. For the year 2007, the gross profit margin was 61%, compared to 58% in 2006.
Intrusion's fourth quarter 2007 operating expenses were $1.1 million; the same as the fourth quarter 2006. For the year 2007, operating expenses were $4.5 million, down from $6.0 million in 2006.
As of December 31, 2007, Intrusion reported cash and cash equivalents of $0.4 million, working capital of $(0.4) million and debt of $0.1 million.
"Revenue in the fourth quarter was reduced by slippage of contracts from the U.S. Government which was impacted by Congress' delay in approving the 2008 U.S. Government budget," stated G. Ward Paxton.
Intrusion's management will host its regularly scheduled quarterly conference call to discuss the Company's financial and operational progress at 4:00 P.M., CDT today. Interested investors can access the call at 1-800-399-2043 (if outside the United States, 1-706-634-5518). For those unable to participate in the live conference call, a replay will be accessible beginning today at 7:00 P.M., CDT until April 2, 2008 by calling 1-800-642-1687 (if outside the United States, 1-706-645-9291). At the replay prompt, enter conference identification number 41042829. Additionally, a live and archived audio webcast of the conference call will be available at http://www.intrusion.com/.
About Intrusion Inc.
Intrusion Inc. is a global provider of entity identification systems, regulated information compliance, and data privacy protection and network intrusion prevention and detection products. Intrusion's product families include TraceCop(TM) for identity identification, the Compliance Commander(TM) for regulated information and data privacy protection, and Intrusion SecureNet for network intrusion prevention and detection. Intrusion's products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks. For more information, please visit http://www.intrusion.com/.
This release, other than historical information, may include forward-looking statements regarding future events or the future financial performance of the Company. Such statements include, without limitations, statements regarding future revenue growth and profitability, as well as other statements. These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the following: the difficulties in forecasting future sales caused by current economic and market conditions, the effect of military actions on government and corporate spending on information security products, spending patterns of, and appropriations to, U.S. government departments, the impact of our cost reduction programs and our refocused product line, the difficulties and uncertainties in successfully developing and introducing new products in emerging markets, market acceptance of our products, the impact of our sustained losses on our ability to successfully operate and grow our business, our stock price and the recent loss of our Nasdaq listing, our ability to generate sufficient cash flow or obtain additional financing on acceptable terms in order to fund ongoing liquidity needs, the highly competitive market for our products, the effects of sales and implementation cycles for our products on our quarterly results, difficulties in accurately estimating market growth, the consolidation of the information security industry, the impact of changing economic conditions, business conditions in the information security industry, our ability to manage acquisitions effectively, the impact of market peers and their products as well as risks concerning future technology and others identified in our Annual Report on Form 10-KSB, as amended, and other Securities and Exchange Commission filings. These filings can be obtained by contacting Intrusion Investor Relations.
INTRUSION INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands except par value amounts)
December 31, December 31,
2007 2006
ASSETS
Current Assets:
Cash and cash equivalents $ 362 $ 933
Accounts receivable, net of allowance for
doubtful accounts of $40 in 2007 and $90 in 2006 110 844
Inventories, net 146 209
Prepaid expenses 75 198
Total current assets 693 2,184
Property and equipment, net 144 162
Other assets 39 41
TOTAL ASSETS $ 876 $ 2,387
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Line of credit $ 100 $ 200
Accounts payable and accrued expenses 688 1,099
Deferred revenue 312 367
Total current liabilities 1,100 1,666
Stockholders' Equity (Deficit):
Preferred stock, $.01 par value:
Authorized shares - 5,000
Series 1 shares issued and outstanding - 260
Liquidation preference of $1,315 in 2007 918 918
Series 2 shares issued and outstanding - 460
Liquidation preference of $1,155 in 2007 724 724
Series 3 shares issued and outstanding -
354 in 2007, 469 in 2006
Liquidation preference of $776 in 2007 504 667
Common stock, $.01 par value:
Authorized shares - 80,000
Issued shares - 11,648 in 2007 and 8,306
in 2006
Outstanding shares - 11,638 in 2007 and
8,296 in 2006 116 83
Common stock held in treasury, at cost - 10
shares (362) (362)
Additional paid-in capital 55,527 53,947
Accumulated deficit (57,472) (55,077)
Accumulated other comprehensive loss (179) (179)
Total stockholders' equity (deficit) (224) 721
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 876 $ 2,387
INTRUSION INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands except per share amounts)
Three Months Ended Year Ended
December 31, December 31,
2007 2006 2007 2006
Revenue $ 496 $ 1,451 $ 3,510 $ 5,242
Cost of revenue 192 580 1,376 2,204
Gross profit 304 871 2,134 3,038
Operating expenses:
Sales and marketing 413 487 1,933 2,714
Research and development 486 388 1,655 2,067
General and administrative 218 222 947 1,261
Operating loss (813) (226) (2,401) (3,004)
Interest income, net 3 1 5 45
Other income (expense), net - - 1 (65)
Loss before income taxes (810) (225) (2,395) (3,024)
Income tax provision - - - -
Net loss (810) (225) (2,395) (3,024)
Preferred stock dividends
accrued (43) (44) (173) (175)
Net loss attributable to common
stockholders $ (853) $ (269) $ (2,568) $ (3,199)
Net loss per share attributable
to common stockholders
(basic and diluted) $(0.07) $(0.04) $(0.26) $(0.45)
Weighted average shares
outstanding (basic and diluted) 11,539 7,100 9,929 7,043
Contact
Michael L. Paxton, VP, CFO
972.301.3658, mpaxton@intrusion.com
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Intrusion Inc.
CONTACT: Michael L. Paxton, VP, CFO, of Intrusion Inc., +1-972-301-3658, mpaxton@intrusion.com
Web site: http://www.intrusion.com/
Oracle Reports Q3 GAAP EPS Up 30% to 26 Cents, Non-GAAP EPS Up 23% to 30 centsDatabase and Middleware New License Revenues Up 20%, Total GAAP Revenues Up 21%
REDWOOD SHORES, Calif., March 26 /PRNewswire-FirstCall/ -- Oracle Corporation today announced fiscal 2008 Q3 GAAP earnings per share were up 30% to $0.26, compared to the same quarter last year. Third quarter total GAAP revenues were up 21% to $5.3 billion, while quarterly GAAP operating income was up 35% to $1.9 billion and GAAP net income was up 30% to $1.3 billion. Total GAAP software revenues were up 21% to $4.2 billion with GAAP new software license revenues up 16% to $1.6 billion. Database and middleware new license revenues were up 20% and applications new license revenues were up 7%. GAAP software license updates and product support revenues were up 25% to $2.6 billion. Service revenues were up 21% to $1.1 billion, compared to the same quarter last year.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO )
Third quarter non-GAAP earnings per share were up 23% to $0.30, and non- GAAP net income was up 22% to $1.6 billion, compared to the same quarter last year.
"Oracle delivered another quarter of strong financial results and earnings growth. In Q3, we once again exceeded our non-GAAP EPS growth target of 20%," said Oracle President and CFO, Safra Catz. "For the first three quarters of this year we have grown our operating cash flow 55%, 3 times faster than at this point in the past five years."
"Database and middleware new software license revenues growth accelerated to 20% in the third quarter," said Oracle President, Charles Phillips. "We continue to grow faster and take market share from IBM."
"Software license updates and product support revenues were up 23% on a non-GAAP basis to $2.6 billion. By next quarter we expect to pass $10 billion for the year," said Oracle CEO, Larry Ellison. "Our non-GAAP operating income grew to $2.2 billion with our margins increasing nearly 200 basis points to 41% up from 39% in Q3 of last year. Our operating margins are now substantially higher than our competitors, including Microsoft, reflecting the unique leverage in our business."
Q3 Earnings Announcement
Oracle will hold a conference call and web broadcast today to discuss these results at 2:00 p.m. (PDT) / 5:00 p.m. (EDT). To access the live web broadcast of this event, please visit the Oracle Investor Relations website at http://www.oracle.com/investor. Please hold down your control key while pressing refresh to ensure that the weblink is visible.
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, including supplemental financial information, please visit http://www.oracle.com/investor or call Investor Relations at (650) 506-4073.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
"Safe Harbor" Statement: Statements in this press release relating to Oracle's future plans and prospects are "forward-looking statements" and are subject to material risks and uncertainties. Many factors could affect our current expectations and our actual results, and could cause actual results to differ materially. We presently consider the following to be among the important factors that could cause actual results to differ materially from expectations: (1) Economic, political and market conditions could adversely affect our revenue growth and profitability through reductions in IT budgets and expenditures. (2) We may fail to achieve our financial forecasts due to such factors as delays or size reductions in transactions, fewer large transactions in a particular quarter, unanticipated fluctuations in currency exchange rates, delays in delivery of new products or releases, or a decline in our renewal rates for software license updates and product support. (3) We cannot assure market acceptance of new products or new versions of existing or acquired products. (4) We have an active acquisition program (including our recently announced proposed acquisition of BEA Systems, Inc.) and our acquisitions may not be successful, may involve unanticipated costs or other integration issues, or may disrupt our existing operations. (5) Periodic changes to our pricing model and sales organization could temporarily disrupt operations and cause a decline or delay in sales. (6) Intense competitive forces demand rapid technological advances and frequent new product introductions, and could require us to reduce prices. A detailed discussion of these factors and other risks that affect our business is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or by contacting Oracle Corporation's Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on Oracle's Investor Relations website at http://www.oracle.com/investor. All information set forth in this release is current as of March 26, 2008. Oracle undertakes no duty to update any statement in light of new information or future events.
ORACLE CORPORATION
Q3 FISCAL 2008 FINANCIAL RESULTS
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
Three Months Ended %Increase
------------------------------------ %Increase (Decrease)
February 29, % of February 28, % of (Decrease) in Constant
2008 Revenues 2007 Revenues in US $ Currency(1)
------------------------------------------------------------
REVENUES
New software
licenses $1,616 30% $1,390 31% 16% 9%
Software
license
updates
and product
support 2,624 49% 2,108 48% 25% 18%
--------------------------------------
Software
Revenues 4,240 79% 3,498 79% 21% 15%
--------------------------------------
Services 1,109 21% 916 21% 21% 14%
--------------------------------------
Total
Revenues 5,349 100% 4,414 100% 21% 15%
--------------------------------------
OPERATING EXPENSES
Sales and
marketing 1,083 20% 967 22% 12% 6%
Software
license
updates
and product
support 254 5% 210 5% 22% 16%
Cost of
services 989 19% 820 18% 21% 14%
Research and
development 682 13% 570 13% 20% 17%
General and
administrative 206 4% 175 4% 18% 12%
Amortization of
intangible
assets 292 5% 222 5% 32% 31%
Acquisition
related and
other (2) (40) (1%) 53 1% (176%) (178%)
Restructuring 8 0% 3 0% 134% 125%
--------------------------------------
Total
Operating
Expenses 3,474 65% 3,020 68% 15% 10%
--------------------------------------
OPERATING INCOME 1,875 35% 1,394 32% 35% 24%
Interest
expense (82) (2%) (82) (2%) 0% 0%
Non-operating
income, net 84 2% 94 2% (11%) (13%)
--------------------------------------
INCOME BEFORE
PROVISION
FOR INCOME
TAXES 1,877 35% 1,406 32% 33% 23%
--------------------------------------
Provision for
income taxes 537 10% 373 9% 44% 40%
--------------------------------------
NET INCOME $1,340 25% $1,033 23% 30% 17%
======================================
EARNINGS PER SHARE:
Basic $0.26 $0.20
Diluted $0.26 $0.20
WEIGHTED AVERAGE
COMMON SHARES
OUTSTANDING:
Basic 5,148 5,159
Diluted 5,235 5,257
(1) We compare the percent change in the results from one period to
another period using constant currency disclosure. We present
constant currency information to provide a framework for assessing
how our underlying businesses performed excluding the effect of
foreign currency rate fluctuations. To present this information,
current and comparative prior period results for entities reporting
in currencies other than United States dollars are converted into
United States dollars at the exchange rate in effect on May 31,
2007, which was the last day of our prior fiscal year, rather than
the actual exchange rates in effect during the respective periods.
The United States dollar weakened relative to major international
currencies in the three months ended February 29, 2008 compared with
the corresponding prior year period, contributing 6 percentage
points of revenue, 5 percentage points of operating expense and 11
percentage points of operating income growth.
(2) Acquisition related and other expenses for the three months ended
February 29, 2008 include a gain on property sale of $57 million.
Please see Appendix A for further discussion.
ORACLE CORPORATION
Q3 FISCAL 2008 FINANCIAL RESULTS
RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1)
(in millions, except per share data)
% Increase
(Decrease)
Three Months Ended in US $
-----------------------------------------------------------------
February February February February
29, 2008 29, 2008 28, 2007 28, 2007 Non-
GAAP Adj. Non-GAAP GAAP Adj. Non-GAAP GAAP GAAP
-----------------------------------------------------------------
TOTAL
REVENUES(2) $5,349 $22 $5,371 $4,414 $35 $4,449 21% 21%
TOTAL
SOFTWARE
REVENUES(2) $4,240 $22 $4,262 $3,498 $35 $3,533 21% 21%
New software
licenses 1,616 - 1,616 1,390 - 1,390 16% 16%
Software
license
updates
and product
support(2) 2,624 22 2,646 2,108 35 2,143 25% 23%
TOTAL
OPERATING
EXPENSES $3,474 $(322) $3,152 $3,020 $(326) $2,694 15% 17%
Stock-based
compens-
ation(3) 62 (62) - 48 (48) - 30% *
Amortization
of intangible
assets (4) 292 (292) - 222 (222) - 32% *
Acquisition
related
and other (40) 40 - 53 (53) - (176%) *
Restructuring 8 (8) - 3 (3) - 134% *
OPERATING
INCOME $1,875 $344 $2,219 $1,394 $361 $1,755 35% 26%
OPERATING
MARGIN % 35% 41% 32% 39% 11% 5%
INCOME TAX
EFFECTS
ON ABOVE
ADJUSTMENTS(5)$537 $98 $635 $373 $93 $466 44% 36%
NET INCOME $1,340 $246 $1,586 $1,033 $268 $1,301 30% 22%
DILUTED
EARNINGS
PER SHARE(6) $0.26 $0.30 $0.20 $0.25 30% 23%
DILUTED
WEIGHTED
AVERAGE
COMMON
SHARES
OUTSTAND-
ING(6) 5,235 5,235 5,257 5 5,262 0% (1%)
(1) This presentation includes non-GAAP measures. Our non-GAAP measures
are not meant to be considered in isolation or as a substitute for
comparable GAAP measures, and should be read only in conjunction
with our condensed consolidated financial statements prepared in
accordance with GAAP. For a detailed explanation of the adjustments
made to comparable GAAP measures, the reasons why management uses
these measures, the usefulness of these measures and the material
limitations on the usefulness of these measures, please see Appendix
A.
(2) As of February 29, 2008, approximately $9 million in estimated
revenues related to assumed support contracts will not be recognized
in fiscal 2008 due to business combination accounting rules.
(3) Stock-based compensation is included in the following GAAP operating
expense categories:
Three Months Ended Three Months Ended
February 29, 2008 February 28, 2007
----------------------- -----------------------
GAAP Adj. Non-GAAP GAAP Adj. Non-GAAP
----------------------- -----------------------
Sales and marketing $12 $(12) $- $9 $(9) $-
Software license updates
and product support 1 (1) - 3 (3) -
Cost of services 2 (2) - 3 (3) -
Research and development 31 (31) - 21 (21) -
General and administrative 16 (16) - 12 (12) -
------ ------ ------ ------ ------ ------
Subtotal 62 (62) - 48 (48) -
------ ------ ------ ------ ------ ------
Acquisition related and other 3 (3) - - - -
------ ------ ------ ------ ------ ------
Total stock-based
compensation $65 $(65) $- $48 $(48) $-
====== ====== ====== ====== ====== ======
(4) Estimated future annual amortization expense related to intangible
assets as of February 29, 2008 is as follows:
Remainder of Fiscal 2008 $317
Fiscal 2009 1,153
Fiscal 2010 1,029
Fiscal 2011 799
Fiscal 2012 660
Fiscal 2013 306
Thereafter 1,142
------
Total $5,406
======
(5) The income tax provision was calculated reflecting an effective tax
rate of 28.6% and 26.5% in the third quarter of fiscal 2008 and
2007, respectively.
(6) Non-GAAP diluted earnings per share and non-GAAP diluted weighted
average shares outstanding were calculated excluding the effects of
expensing stock options under Statement 123R.
* Not meaningful
ORACLE CORPORATION
Q3 FISCAL 2008 YEAR TO DATE FINANCIAL RESULTS
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share data)
Nine Months Ended % Increase
-------------------------------------- % Increase (Decrease)
February 29, % of February 28, % of (Decrease) in Constant
2008 Revenues 2007 Revenues in US $ Currency(1)
--------------------------------------------------------------
REVENUES
New software
licenses $4,371 29% $3,401 28% 29% 22%
Software
license
updates
and product
support 7,497 49% 6,056 50% 24% 18%
------------------------------------------
Software
Revenues 11,868 78% 9,457 78% 25% 20%
------------------------------------------
Services 3,323 22% 2,710 22% 23% 16%
------------------------------------------
Total
Revenues 15,191 100% 12,167 100% 25% 19%
------------------------------------------
OPERATING
EXPENSES
Sales and
marketing 3,153 21% 2,632 21% 20% 14%
Software
license
updates
and product
support 729 5% 613 5% 19% 13%
Cost of
services 2,911 19% 2,419 20% 20% 14%
Research and
development 2,007 13% 1,596 13% 26% 23%
General and
administrative 608 4% 503 4% 21% 16%
Amortization of
intangible
assets 867 6% 623 5% 39% 39%
Acquisition
related and
other(2) 28 0% 65 1% (57%) (60%)
Restructuring 14 0% 23 0% (41%) (44%)
------------------------------------------
Total
Operating
Expenses 10,317 68% 8,474 69% 22% 17%
------------------------------------------
OPERATING
INCOME 4,874 32% 3,693 31% 32% 24%
Interest
expense (265) (2%) (248) (2%) 7% 7%
Non-operating
income, net 284 2% 277 2% 2% 0%
------------------------------------------
INCOME BEFORE
PROVISION FOR
INCOME TAXES 4,893 32% 3,722 31% 31% 23%
------------------------------------------
Provision for
income taxes 1,409 9% 1,052 9% 34% 31%
------------------------------------------
NET INCOME $3,484 23% $2,670 22% 30% 20%
==========================================
EARNINGS PER SHARE:
Basic $0.68 $0.51
Diluted $0.67 $0.51
WEIGHTED
AVERAGE
COMMON
SHARES
OUTSTANDING:
Basic 5,128 5,186
Diluted 5,228 5,284
(1) We compare the percent change in the results from one period to
another period using constant currency disclosure. We present
constant currency information to provide a framework for assessing
how our underlying businesses performed excluding the effect of
foreign currency rate fluctuations. To present this information,
current and comparative prior period results for entities reporting
in currencies other than United States dollars are converted into
United States dollars at the exchange rate in effect on May 31,
2007, which was the last day of our prior fiscal year, rather than
the actual exchange rates in effect during the respective periods.
The United States dollar weakened relative to major international
currencies in the nine months ended February 29, 2008 compared with
the corresponding prior year period, contributing 6 percentage
points of revenue, 5 percentage points of operating expense and 8
percentage points of operating income growth.
(2) Acquisition related and other expenses for the nine months ended
February 29, 2008 include a gain on property sale of $57 million.
Acquisition related and other expenses for the nine months ended
February 28, 2007 include a benefit of $52 million related to the
settlement of a pre-acquisition lawsuit against PeopleSoft, Inc.
Please see Appendix A for further discussion.
ORACLE CORPORATION
Q3 FISCAL 2008 YEAR TO DATE FINANCIAL RESULTS
RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1)
(in millions, except per share data)
% Increase
(Decrease)
Nine Months Ended in US $
-----------------------------------------------------------------
February February February February
29, 2008 29, 2008 28, 2007 28, 2007 Non-
GAAP Adj. Non-GAAP GAAP Adj. Non-GAAP GAAP GAAP
-----------------------------------------------------------------
TOTAL
REVENUES(2) $15,191 $138 $15,329 $12,167 $158 $12,325 25% 24%
TOTAL
SOFTWARE
REVENUES(2) $11,868 $138 $12,006 $9,457 $158 $9,615 25% 25%
New software
licenses 4,371 - 4,371 3,401 - 3,401 29% 29%
Software
license
updates
and product
support(2) 7,497 138 7,635 6,056 158 6,214 24% 23%
TOTAL
OPERATING
EXPENSES $10,317 $(1,103) $9,214 $8,474 $(856) $7,618 22% 21%
Stock-based
compen-
sation(3) 194 (194) - 145 (145) - 34% *
Amortization
of intangible
assets(4) 867 (867) - 623 (623) - 39% *
Acquisition
related and
other 28 (28) - 65 (65) - (57%) *
Restructuring 14 (14) - 23 (23) - (41%) *
OPERATING
INCOME $4,874 $1,241 $6,115 $3,693 $1,014 $4,707 32% 30%
OPERATING
MARGIN % 32% 40% 31% 38% 6% 4%
INCOME TAX
EFFECTS
ON ABOVE
ADJUST-
MENTS(5) $1,409 $357 $1,766 $1,052 $287 $1,339 34% 32%
NET INCOME $3,484 $884 $4,368 $2,670 $727 $3,397 30% 29%
DILUTED
EARNINGS
PER SHARE(6) $0.67 $0.84 $0.51 $0.64 32% 30%
DILUTED
WEIGHTED
AVERAGE
COMMON
SHARES
OUTSTAND-
ING(6) 5,228 1 5,229 5,284 9 5,293 (1%) (1%)
(1) This presentation includes non-GAAP measures. Our non-GAAP measures
are not meant to be considered in isolation or as a substitute for
comparable GAAP measures, and should be read only in conjunction
with our condensed consolidated financial statements prepared in
accordance with GAAP. For a detailed explanation of the adjustments
made to comparable GAAP measures, the reasons why management uses
these measures, the usefulness of these measures and the material
limitations on the usefulness of these measures, please see
Appendix A.
(2) As of February 29, 2008, approximately $9 million in estimated
revenues related to assumed support contracts will not be recognized
in fiscal 2008 due to business combination accounting rules.
(3) Stock-based compensation is included in the following GAAP operating
expenses:
Nine Months Ended Nine Months Ended
February 29, 2008 February 28, 2007
--------------------- -------------------
GAAP Adj. Non-GAAP GAAP Adj. Non-GAAP
--------------------- -------------------
Sales and marketing $38 $(38) $- $27 $(27) $-
Software license updates
and product support 8 (8) - 8 (8) -
Cost of services 9 (9) - 11 (11) -
Research and development 84 (84) - 63 (63) -
General and administrative 55 (55) - 36 (36) -
------ ------ ------ ------ ------ ------
Subtotal 194 (194) - 145 (145) -
------ ------ ------ ------ ------ ------
Acquisition related
and other 39 (39) - 1 (1) -
------ ------ ------ ------ ------ ------
Total stock-based
compensation $233 $(233) $- $146 $(146) $-
====== ====== ====== ====== ====== ======
(4) Estimated future amortization expense related to intangible assets
as of February 29, 2008 is as follows:
Remainder of Fiscal 2008 $317
Fiscal 2009 1,153
Fiscal 2010 1,029
Fiscal 2011 799
Fiscal 2012 660
Fiscal 2013 306
Thereafter 1,142
------
Total $5,406
======
(5) The income tax provision was calculated reflecting a tax rate of
28.8% and 28.3% in the first nine months of fiscal 2008 and 2007,
respectively.
(6) Non-GAAP diluted earnings per share and non-GAAP diluted weighted
average shares outstanding were calculated excluding the effects of
expensing stock options under Statement 123R.
* Not meaningful
ORACLE CORPORATION
Q3 FISCAL 2008 FINANCIAL RESULTS
CONDENSED CONSOLIDATED BALANCE SHEETS
($ in millions)
February 29, May 31,
2008 2007
-------------------------
ASSETS
Current Assets:
Cash and cash equivalents $8,409 $6,218
Marketable securities 2,097 802
Trade receivables, net 3,235 4,074
Deferred tax assets 964 968
Other current assets 1,026 821
-------------------------
Total Current Assets 15,731 12,883
Non-Current Assets:
Property, net 1,570 1,603
Intangible assets, net 5,406 5,964
Goodwill 13,677 13,479
Deferred tax assets 257 48
Other assets 675 595
-------------------------
Total Non-Current Assets 21,585 21,689
-------------------------
TOTAL ASSETS $37,316 $34,572
=========================
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Commercial paper and other
short-term borrowings $1 $1,358
Accounts payable 383 315
Income taxes payable - 1,237
Accrued compensation and
related benefits 1,292 1,349
Accrued restructuring 168 201
Deferred revenues 3,683 3,492
Other current liabilities 1,303 1,435
-------------------------
Total Current Liabilities 6,830 9,387
Non-Current Liabilities:
Notes payable, non-current 6,237 6,235
Income taxes payable 1,522 -
Deferred tax liabilities 742 1,121
Accrued restructuring 229 258
Deferred revenues 257 93
Minority interests 341 316
Other long-term liabilities 343 243
-------------------------
Total Non-Current Liabilities 9,671 8,266
Stockholders' Equity 20,815 16,919
-------------------------
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY $37,316 $34,572
=========================
ORACLE CORPORATION
Q3 FISCAL 2008 FINANCIAL RESULTS
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
($ in millions)
Nine Months Ended
--------------------------------
February 29, 2008 February 28, 2007
---------------------------------
Cash Flows From Operating Activities:
Net income $3,484 $2,670
Adjustments to reconcile net income
to net cash provided by operating
activities:
Depreciation 202 184
Amortization of intangible assets 867 623
Deferred income taxes (130) (20)
Minority interests in income 45 52
Stock-based compensation 233 146
Tax benefit on the exercise of stock
options 492 259
Excess tax benefits from stock-based
compensation (403) (204)
In-process research and development 7 95
Other gains, net (64) (20)
Changes in operating assets and
liabilities, net of effects from
acquisitions:
Decrease in trade receivables, net 980 501
Decrease (increase) in prepaid
expenses and other assets 61 (33)
Decrease in accounts payable and
other liabilities (482) (817)
Decrease in income taxes payable (273) (110)
Increase (decrease) in deferred
revenues 88 (21)
------------------------
Net cash provided by operating
activities 5,107 3,305
-------------------------
Cash Flows From Investing Activities:
Purchases of marketable securities
and other investments (3,629) (4,686)
Proceeds from maturities and sales
of marketable securities and other
investments 2,532 4,653
Acquisitions, net of cash acquired (700) (2,290)
Capital expenditures (195) (183)
Proceeds from sale of property 153 2
-------------------------
Net cash used for investing
activities (1,839) (2,504)
-------------------------
Cash Flows From Financing Activities:
Payments for repurchases of common stock (1,520) (2,933)
Proceeds from issuance of common stock 1,047 684
Payments of debt (1,362) (175)
Excess tax benefits from stock-based
compensation 403 204
Distributions to minority interests (49) (46)
-------------------------
Net cash used for financing
activities (1,481) (2,266)
-------------------------
Effect of exchange rate changes on
cash and cash equivalents 404 56
-------------------------
Net increase (decrease) in cash and
cash equivalents 2,191 (1,409)
-------------------------
Cash and cash equivalents at
beginning of period 6,218 6,659
-------------------------
Cash and cash equivalents at end of
period $8,409 $5,250
=========================
ORACLE CORPORATION
Q3 FISCAL 2008 FINANCIAL RESULTS
FREE CASH FLOW - TRAILING 4-QUARTERS (1)
($ in millions)
Fiscal 2007 Fiscal 2008
----------------------------------------------------------
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
----------------------------------------------------------
GAAP Operating
Cash Flow $4,706 $4,651 $4,984 $5,520 $6,598 $6,957 $7,322
Capital
Expenditures(2) (233) (256) (258) (319) (357) (369) (331)
----------------------------------------------------------
Free Cash Flow $4,473 $4,395 $4,726 $5,201 $6,241 $6,588 $6,991
==========================================================
% Growth over
prior year 32% 32% 29% 21% 40% 50% 48%
----------------------------------------------------------
GAAP Net Income $3,532 $3,702 $3,970 $4,274 $4,444 $4,781 $5,088
Free Cash Flow
as a % of Net
Income 127% 119% 119% 122% 140% 138% 137%
(1) To supplement our statements of cash flows presented on a GAAP
basis, we use non-GAAP measures of cash flows on a trailing
4-quarter basis to analyze cash flow generated from operations. We
believe free cash flow is also useful as one of the bases for
comparing our performance with our competitors. The presentation of
non-GAAP free cash flow is not meant to be considered in isolation
or as an alternative to net income as an indicator of our
performance, or as an alternative to cash flows from operating
activities as a measure of liquidity.
(2) Represents capital expenditures as reported in cash flows from
investing activities on our cash flow statements presented in
accordance with GAAP.
ORACLE CORPORATION
Q3 FISCAL 2008 FINANCIAL RESULTS
SUPPLEMENTAL ANALYSIS OF GAAP REVENUES AND HEADCOUNT (1)
(in millions, except headcount data)
Fiscal 2007
----------------------------------------
Q1 Q2 Q3 Q4 TOTAL
----------------------------------------
REVENUES
New software licenses $804 $1,207 $1,390 $2,481 $5,882
Software license updates
and product support 1,941 2,007 2,108 2,272 8,329
----------------------------------------
Software Revenues 2,745 3,214 3,498 4,753 14,211
Consulting 640 716 694 819 2,869
On Demand 125 140 142 151 557
Education 81 93 80 105 359
----------------------------------------
Services Revenues 846 949 916 1,075 3,785
----------------------------------------
Total Revenues $3,591 $4,163 $4,414 $5,828 $17,996
========================================
AS REPORTED REVENUE GROWTH RATES
New software licenses 28% 14% 27% 17% 20%
Software license updates
and product support 29% 29% 24% 21% 25%
Software Revenues 29% 23% 25% 19% 23%
Consulting 33% 42% 38% 30% 35%
On Demand 49% 61% 48% 16% 40%
Education 13% 14% 8% 10% 11%
Services Revenues 33% 41% 36% 26% 33%
Total Revenues 30% 26% 27% 20% 25%
CONSTANT CURRENCY GROWTH
RATES
New software licenses 26% 10% 23% 13% 17%
Software license updates
and product support 27% 25% 20% 17% 22%
Software Revenues 27% 19% 21% 15% 20%
Consulting 31% 37% 34% 24% 31%
On Demand 47% 56% 43% 12% 37%
Education 11% 11% 4% 6% 8%
Services Revenues 31% 36% 32% 20% 29%
Total Revenues 28% 23% 23% 16% 22%
----------------------------------------
GEOGRAPHIC REVENUES
REVENUES
Americas $1,956 $2,170 $2,315 $3,018 $9,460
Europe, Middle East &
Africa 1,140 1,422 1,484 1,992 6,037
Asia Pacific 495 571 615 818 2,499
----------------------------------------
Total Revenues $3,591 $4,163 $4,414 $5,828 $17,996
========================================
HEADCOUNT (2)
GEOGRAPHIC AREA
Americas 26,798 27,444 27,873 29,830
Europe, Middle East &
Africa 14,199 14,640 14,758 15,680
Asia Pacific 24,129 26,350 27,850 29,164
----------------------------------------
Total Company 65,126 68,434 70,481 74,674
========================================
Fiscal 2008
-----------------------------------------
Q1 Q2 Q3 Q4 TOTAL
-----------------------------------------
REVENUES
New software licenses $1,087 $1,668 $1,616 $4,371
Software license updates and
product support 2,383 2,491 2,624 7,497
-----------------------------------------
Software Revenues 3,470 4,159 4,240 11,868
Consulting 801 877 843 2,520
On Demand 158 167 174 500
Education 100 110 92 303
-----------------------------------------
Services Revenues 1,059 1,154 1,109 3,323
-----------------------------------------
Total Revenues $4,529 $5,313 $5,349 $15,191
=========================================
AS REPORTED REVENUE GROWTH RATES
New software licenses 35% 38% 16% 29%
Software license updates and
product support 23% 24% 25% 24%
Software Revenues 26% 29% 21% 25%
Consulting 25% 23% 21% 23%
On Demand 27% 20% 23% 23%
Education 24% 17% 16% 19%
Services Revenues 25% 22% 21% 23%
Total Revenues 26% 28% 21% 25%
CONSTANT CURRENCY GROWTH RATES
New software licenses 32% 31% 9% 22%
Software license updates and
product support 19% 18% 18% 18%
Software Revenues 23% 23% 15% 20%
Consulting 20% 15% 14% 16%
On Demand 23% 15% 17% 18%
Education 20% 10% 9% 13%
Services Revenues 21% 15% 14% 16%
Total Revenues 22% 21% 15% 19%
-----------------------------------------
GEOGRAPHIC REVENUES
REVENUES
Americas $2,375 $2,674 $2,707 $7,756
Europe, Middle East & Africa 1,530 1,865 1,871 5,265
Asia Pacific 624 774 771 2,170
-----------------------------------------
Total Revenues $4,529 $5,313 $5,349 $15,191
=========================================
HEADCOUNT (2)
GEOGRAPHIC AREA
Americas 30,455 30,654 30,624
Europe, Middle East & Africa 15,985 16,140 16,383
Asia Pacific 31,212 32,855 33,212
-----------------------------------------
Total Company 77,652 79,649 80,219
=========================================
(1) The sum of the quarterly financial information may vary from
year-to-date financial information due to rounding.
(2) Headcount has increased primarily due to our acquisitions.
ORACLE CORPORATION
Q3 FISCAL 2008 FINANCIAL RESULTS
SUPPLEMENTAL TOTAL SOFTWARE PRODUCT REVENUE ANALYSIS (1)
($ in millions)
Fiscal 2007
-----------------------------------------
Q1 Q2 Q3 Q4 TOTAL
-----------------------------------------
APPLICATIONS REVENUES
New software licenses $228 $340 $423 $726 $1,716
Software license updates and
product support 703 728 769 832 3,032
-----------------------------------------
Software Revenues $931 $1,068 $1,192 $1,558 $4,748
=========================================
AS REPORTED GROWTH RATES
New software licenses 80% 28% 57% 13% 32%
Software license updates and
product support 51% 45% 27% 23% 35%
Software Revenues 57% 39% 36% 18% 34%
CONSTANT CURRENCY GROWTH RATES
New software licenses 78% 25% 52% 10% 29%
Software license updates and
product support 49% 41% 23% 19% 32%
Software Revenues 55% 35% 32% 15% 31%
-----------------------------------------
DATABASE & MIDDLEWARE REVENUES
New software licenses $576 $867 $967 $1,755 $4,166
Software license updates and
product support 1,238 1,279 1,339 1,440 5,297
-----------------------------------------
Software Revenues $1,814 $2,146 $2,306 $3,195 $9,463
=========================================
AS REPORTED GROWTH RATES
New software licenses 15% 9% 17% 18% 16%
Software license updates and
product support 19% 21% 22% 20% 21%
Software Revenues 18% 16% 20% 19% 18%
CONSTANT CURRENCY GROWTH RATES
New software licenses 13% 5% 13% 15% 12%
Software license updates and
product support 18% 18% 19% 17% 18%
Software Revenues 16% 13% 16% 16% 15%
Fiscal 2008
-----------------------------------------
Q1 Q2 Q3 Q4 TOTAL
-----------------------------------------
APPLICATIONS REVENUES
New software licenses $376 $553 $451 $1,380
Software license updates and
product support 886 929 974 2,789
-----------------------------------------
Software Revenues $1,262 $1,482 $1,425 $4,169
=========================================
AS REPORTED GROWTH RATES
New software licenses 65% 63% 7% 39%
Software license updates and
product support 26% 28% 27% 27%
Software Revenues 36% 39% 20% 31%
CONSTANT CURRENCY GROWTH RATES
New software licenses 61% 56% 2% 34%
Software license updates and
product support 22% 21% 20% 21%
Software Revenues 32% 32% 14% 25%
-----------------------------------------
DATABASE & MIDDLEWARE REVENUES
New software licenses $711 $1,115 $1,165 $2,991
Software license updates and
product support 1,497 1,562 1,650 4,708
-----------------------------------------
Software Revenues $2,208 $2,677 $2,815 $7,699
=========================================
AS REPORTED GROWTH RATES
New software licenses 23% 29% 20% 24%
Software license updates and
product support 21% 22% 23% 22%
Software Revenues 22% 25% 22% 23%
CONSTANT CURRENCY GROWTH RATES
New software licenses 20% 22% 13% 18%
Software license updates and
product support 17% 16% 17% 17%
Software Revenues 18% 18% 15% 17%
(1) The sum of the quarterly financial information may vary from
year-to-date financial information due to rounding.
ORACLE CORPORATION
Q3 FISCAL 2008 FINANCIAL RESULTS
SUPPLEMENTAL GEOGRAPHIC NEW SOFTWARE LICENSE REVENUE ANALYSIS (1) (2)
($ in millions)
Fiscal 2007
-----------------------------------------
Q1 Q2 Q3 Q4 TOTAL
-----------------------------------------
AMERICAS
Database & Middleware $232 $333 $383 $795 $1,743
Applications 126 195 250 415 986
-----------------------------------------
New Software License
Revenues $358 $528 $633 $1,210 $2,729
=========================================
AS REPORTED GROWTH RATES
Database & Middleware 19% 2% 15% 20% 15%
Applications 69% 19% 69% 5% 26%
New Software License
Revenues 33% 8% 31% 14% 19%
CONSTANT CURRENCY GROWTH RATES
Database & Middleware 18% 2% 15% 19% 14%
Applications 69% 19% 69% 4% 26%
New Software License
Revenues 32% 7% 31% 13% 18%
-----------------------------------------
EUROPE / MIDDLE EAST / AFRICA
Database & Middleware $184 $341 $363 $619 $1,507
Applications 69 101 124 224 518
-----------------------------------------
New Software License
Revenues $253 $442 $487 $843 $2,025
=========================================
AS REPORTED GROWTH RATES
Database & Middleware 12% 21% 15% 20% 18%
Applications 83% 35% 29% 42% 42%
New Software License
Revenues 25% 24% 18% 25% 23%
CONSTANT CURRENCY GROWTH RATES
Database & Middleware 8% 11% 6% 12% 10%
Applications 78% 25% 19% 34% 33%
New Software License
Revenues 21% 14% 9% 18% 15%
-----------------------------------------
ASIA PACIFIC
Database & Middleware $149 $185 $213 $322 $869
Applications 33 44 49 87 212
-----------------------------------------
New Software License
Revenues $182 $229 $262 $409 $1,081
=========================================
AS REPORTED GROWTH RATES
Database & Middleware 12% 5% 26% 10% 13%
Applications 126% 58% 89% (1%) 36%
New Software License
Revenues 23% 12% 34% 8% 17%
CONSTANT CURRENCY GROWTH RATES
Database & Middleware 13% 2% 24% 7% 11%
Applications 124% 53% 83% (4%) 33%
New Software License
Revenues 24% 9% 32% 5% 15%
-----------------------------------------
TOTAL COMPANY
Database & Middleware $565 $859 $959 $1,736 $4,119
Applications 228 340 423 726 1,716
-----------------------------------------
New Software License
Revenues $793 $1,199 $1,382 $2,462 $5,835
=========================================
AS REPORTED GROWTH RATES
Database & Middleware 15% 9% 17% 18% 15%
Applications 80% 28% 57% 13% 32%
New Software License
Revenues 28% 14% 27% 17% 20%
CONSTANT CURRENCY GROWTH RATES
Database & Middleware 13% 5% 13% 14% 12%
Applications 78% 25% 52% 10% 29%
New Software License
Revenues 27% 10% 23% 13% 16%
Fiscal 2008
-----------------------------------------
Q1 Q2 Q3 Q4 TOTAL
-----------------------------------------
AMERICAS
Database & Middleware $286 $438 $476 $1,200
Applications 199 306 252 757
-----------------------------------------
New Software License
Revenues $485 $744 $728 $1,957
=========================================
AS REPORTED GROWTH RATES
Database & Middleware 23% 32% 24% 27%
Applications 58% 57% 1% 33%
New Software License
Revenues 35% 41% 15% 29%
CONSTANT CURRENCY GROWTH RATES
Database & Middleware 22% 29% 21% 24%
Applications 57% 54% (1%) 31%
New Software License
Revenues 34% 38% 12% 26%
-----------------------------------------
EUROPE / MIDDLE EAST / AFRICA
Database & Middleware $253 $420 $446 $1,119
Applications 123 174 141 438
-----------------------------------------
New Software License
Revenues $376 $594 $587 $1,557
=========================================
AS REPORTED GROWTH RATES
Database & Middleware 38% 23% 23% 26%
Applications 77% 72% 14% 49%
New Software License
Revenues 49% 34% 21% 32%
CONSTANT CURRENCY GROWTH RATES
Database & Middleware 30% 12% 11% 16%
Applications 69% 58% 6% 39%
New Software License
Revenues 41% 23% 10% 21%
-----------------------------------------
ASIA PACIFIC
Database & Middleware $155 $244 $231 $630
Applications 54 73 58 185
-----------------------------------------
New Software License
Revenues $209 $317 $289 $815
=========================================
AS REPORTED GROWTH RATES
Database & Middleware 4% 32% 8% 15%
Applications 67% 66% 18% 47%
New Software License
Revenues 15% 39% 10% 21%
CONSTANT CURRENCY GROWTH RATES
Database & Middleware 1% 26% 0% 9%
Applications 60% 57% 5% 37%
New Software License
Revenues 12% 32% 1% 14%
-----------------------------------------
TOTAL COMPANY
Database & Middleware $694 $1,102 $1,153 $2,949
Applications 376 553 451 1,380
-----------------------------------------
New Software License
Revenues $1,070 $1,655 $1,604 $4,329
=========================================
AS REPORTED GROWTH RATES
Database & Middleware 23% 28% 20% 24%
Applications 65% 63% 7% 39%
New Software License
Revenues 35% 38% 16% 28%
CONSTANT CURRENCY GROWTH RATES
Database & Middleware 19% 21% 12% 17%
Applications 61% 56% 2% 34%
New Software License
Revenues 31% 31% 9% 22%
(1) The sum of the quarterly financial information may vary from
year-to-date financial information due to rounding.
(2) New Software License Revenues presented exclude documentation and
miscellaneous revenues.
APPENDIX A
ORACLE CORPORATION
Q3 FISCAL 2008 FINANCIAL RESULTS
EXPLANATION OF NON-GAAP MEASURES
To supplement our financial results presented on a GAAP basis, we use the non-GAAP measures indicated in the table, which exclude certain business combination accounting entries and expenses related to acquisitions as well as other significant expenses including stock-based compensation, that we believe are helpful in understanding our past financial performance and our future results. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is based in part on the performance of our business based on these non-GAAP measures. Our non-GAAP financial measures reflect adjustments based on the following items, as well as the related income tax effects:
-- Support deferred revenue: Business combination accounting rules require us to account for the fair value of support contracts assumed in connection with our acquisitions. Because these are typically one-year contracts, our GAAP revenues for the one-year period subsequent to our acquisitions do not reflect the full amount of software license updates and product support revenues on assumed support contracts that would have otherwise been recorded by the acquired entities. The non-GAAP adjustment is intended to reflect the full amount of such revenues. We believe this adjustment is useful to investors as a measure of the ongoing performance of our business because we have historically experienced high renewal rates on support contracts, although we cannot be certain that customers will renew these contracts.
-- Stock-based compensation expenses: We have excluded the effect of stock-based compensation expenses from our non-GAAP operating expenses and net income. Although stock-based compensation is a key incentive offered to our employees, and we believe such compensation contributed to the revenues earned during the periods presented and also believe it will contribute to the generation of future period revenues, we continue to evaluate our business performance excluding stock-based compensation expenses. Stock-based compensation expenses will recur in future periods.
-- Amortization of intangible assets expenses: We have excluded the effect of amortization of intangibles from our non-GAAP operating expenses and net income. Amortization of intangible assets expense is inconsistent in amount and frequency and is significantly affected by the timing and size of our acquisitions. Investors should note that the use of intangible assets contributed to revenues earned during the periods presented and will contribute to future period revenues as well. Amortization expenses will recur in future periods.
-- Acquisition related and other expenses, and restructuring expenses: We incurred significant expenses in connection with our acquisitions and also incurred certain other operating expenses or income, which we would not have otherwise incurred in the periods presented. Acquisition related and other expenses primarily consist of in-process research and development expenses, integration related professional services, stock-based compensation expenses (in addition to the stock-based compensation expenses described above), personnel related expenses for transitional employees, certain business combination contingency adjustments after the purchase price allocation period has ended, and certain other operating expenses or income. Stock-based compensation expenses included in acquisition related and other expenses primarily resulted from unvested options assumed in acquisitions whose vesting was fully accelerated upon termination of the employees pursuant to the terms of those options. Restructuring expenses consist of Oracle employee severance and other exit costs. We believe it is useful for investors to understand the effect of these items on our total operating expenses. Although acquisition related expenses and restructuring expenses are not recurring with respect to past acquisitions, we will incur these expenses in connection with future acquisitions.
For the three and nine months ended February 29, 2008, acquisition related and other expenses include a gain on property sale of $57 million. For the nine months ended February 28, 2007, acquisition related and other expenses included a $52 million benefit related to the settlement of a lawsuit filed against PeopleSoft, Inc. on behalf of the U.S. government. This lawsuit was filed in October 2003, prior to our acquisition of PeopleSoft and represented a pre-acquisition contingency that we identified and assumed in connection with our acquisition of PeopleSoft. In October 2006, we agreed to pay the U.S. government $98 million to settle this lawsuit. Business combination accounting standards require that after the end of the purchase price allocation period, any adjustment that results from a pre-acquisition contingency should be included as an element of net income in the period of settlement, versus an adjustment to the original purchase price allocation. Since the purchase price allocation period for PeopleSoft ended in the third quarter of fiscal 2006, the favorable difference of $52 million between the estimated exposure recorded for this lawsuit during the purchase price allocation period and the actual settlement amount has been included in our consolidated statement of operations for the nine months ended February 28, 2007 as a component of acquisition related and other expenses.
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Oracle Corporation
CONTACT: Roy Lobo of Oracle Investor Relations, +1-650-506-4073, investor_us@oracle.com, or Deborah Hellinger of Oracle Corporate Communications, +1-650-506-5158, deborah.hellinger@oracle.com
Web site: http://www.oracle.com/
ASAT Holdings Receives Notice of Delisting from NASDAQ; Company Expects American Depositary Shares Will Trade on the OTCBB
HONG KONG and MILPITAS, Calif., March 26 /PRNewswire-FirstCall/ -- ASAT Holdings Limited (the "Company"), a global provider of semiconductor package design, assembly and test services, today announced that on March 25, 2008 it received notice from the staff of the Nasdaq Stock Market regarding the Nasdaq Hearing Panel's determination on the Company's non-compliance with Nasdaq continuing listing requirements, including maintaining the market value of its listed securities above $35 million, its stockholders equity above $2.5 million, and its net income of at least $500,000 from continuing operations for the most recently completed fiscal year or two of the last three most recently completed fiscal years. The Nasdaq Hearings Panel has determined to delist the Company's securities from The Nasdaq Stock Market, and will suspend trading in the Company's shares effective at the open of business on Thursday, March 27, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080325/AQTU023LOGO)
After delisting from the Nasdaq Stock Market, the Company expects that its American Depositary Shares will be traded on the OTC Bulletin Board.
About ASAT Holdings Limited
ASAT Holdings Limited is a global provider of semiconductor package design, assembly and test services. With 19 years of experience, the Company offers a definitive selection of semiconductor packages and world-class manufacturing lines. ASAT's advanced package portfolio includes standard and high thermal performance ball grid arrays, leadless plastic chip carriers, thin array plastic packages, system-in-package and flip chip. ASAT was the first company to develop moisture sensitive level one capability on standard leaded products. Today the Company has operations in the United States, Asia and Europe. For more information, visit http://www.asat.com/.
Safe Harbor
This news release contains statements and information that involve risks, uncertainties and assumptions. These statements and information constitute "forward-looking statements" within the meaning of federal securities laws including Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements, including statements regarding trading on the OTC Bulletin Board, involve known and unknown risks, uncertainties, assumptions and other factors that could cause the actual performance of ASAT Holdings Limited to differ materially from those expressed or implied in any forward-looking statement. The risks, uncertainties and other factors also include the risk that an active trading market in the Company's American Depositary Shares will not develop or be maintained on the OTC Bulletin Board or any other trading market and those risks, uncertainties, assumptions and other factors stated in the section entitled "Risk Factors" in our Annual Report on Form 20-F filed with the United States Securities and Exchange Commission on October 15, 2007 and the section entitled "Risk Factors" in our current reports on Form 6-K containing our quarterly financial information and filed with the United States Securities and Exchange Commission. The forward-looking statements in this release reflect the current beliefs and expectations of the Company as of this date, and the Company undertakes no obligation to update these projections and forward- looking statements to reflect actual results or events or circumstances that occur after the date of this news release.
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ASAT Holdings Limited
CONTACT: Jim Fanucchi of Summit IR Group Inc., +1-408-404-5400, ir@asat.com, for ASAT Holdings Limited
Web site: http://www.asat.com/
Verizon Wireless Files Lawsuit to Stop Telemarketers Offering Extended Automobile Warranties
BASKING RIDGE, N.J., March 26 /PRNewswire/ -- Verizon Wireless said today it has filed a lawsuit to stop unknown telemarketers from calling its customers and employees with an offer of an extended car warranty. The lawsuit, filed in New Jersey Superior Court, alleges the telemarketers illegally used an autodialer to reach Verizon Wireless customers and used "spoofing" techniques to mask the origin of the calls.
The lawsuit alleges that Caller ID showed calls were made from a variety of numbers with 281, 614, 801, and 562 area codes. But, when Verizon Wireless customers and employees attempted to call the numbers found on Caller ID, they generally heard a fast busy signal, indicating a non-working number.
"Telemarketers are using increasingly sophisticated methods, such as illegal autodialing, to harass our customers," said Steven E. Zipperstein, vice president and general counsel of Verizon Wireless. "Whatever the method, these unlawful telemarketing calls are an annoyance to our customers and invade their privacy, and we will continue to use every weapon in our legal arsenal to stop this activity and protect our customers."
In the lawsuit, Verizon Wireless says that, beginning in January 2008, more than 2 million of its customers and employees received calls on their wireless telephones with a pre-recorded voice message indicating that the recipient's car warranty was about to expire, and encouraging them to press "1" for more information. When a recipient presses "1", he or she is connected to a person who asks for the make and model of the car. However, if the recipient asks for information about the company offering the policy, the representative simply hangs up and ends the call.
The lawsuit alleges violations of the Federal Telephone Consumer Protection Act, which makes it illegal to use an autodialer to make calls to wireless phones, as well as state fraud and privacy laws. By filing the lawsuit, Verizon Wireless will be able to use the discovery process to help identify the currently unknown telemarketers, and to get them to halt their practices.
Verizon Wireless' record of protecting customer privacy puts the company at the forefront of the U.S. wireless industry. Over the past several years, Verizon Wireless has won permanent injunctions against individuals and companies that have engaged in illegal telemarketing and text message spamming to Verizon Wireless customers, and against those who have attempted to obtain information about Verizon Wireless customers to sell to third parties.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 65.7 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast- quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Debra Lewis of Verizon Wireless, +1-908-559-7512, Debra.Lewis@verizonwireless.com
Web site: http://www.verizonwireless.com/
Micrel Receives Request to Call a Special Meeting of Shareholders
SAN JOSE, Calif., March 26 /PRNewswire-FirstCall/ -- Micrel, Incorporated today announced that it has received a purported request from Obrem Capital Management LLC (Obrem) and certain of its affiliates to call a special meeting of the shareholders on May 20, 2008.
The request also includes proposals to remove the Company's current Board of Directors, to amend the Company's bylaws to permit a majority of the outstanding shares to set the size of the Board, to change the size of the Board of Directors to six, to rescind the Company's Shareholder Rights Plan, and to elect six directors designated by Obrem.
Micrel's Board will review the notice and consider it in light of the best interests of all shareholders of the Company.
About Micrel, Incorporated
Micrel, Incorporated is a leading global manufacturer of IC solutions for the worldwide analog, Ethernet and high bandwidth markets. The Company's products include advanced mixed-signal, analog and power semiconductors; high performance communication, clock management, Ethernet switch and physical layer transceiver ICs. Company customers include leading manufacturers of enterprise, consumer, industrial, mobile, telecommunications, automotive, and computer products. Corporation headquarters and state-of-the-art wafer fabrication facilities are located in San Jose, California with regional sales and support offices and advanced technology design centers situated throughout the Americas, Europe and Asia. In addition, the Company maintains an extensive network of distributors and reps worldwide. Web: http://www.micrel.com/ . Nothing contained herein is intended to be part of a proxy solicitation, and none of the statements above should be deemed to be, in whole or in part, solicitation material. The Company intends to file a proxy statement with the Securities and Exchange Commission in connection with any shareholders' meeting that will be held, which will be mailed to shareholders along with a white proxy card.
Contact: Richard Crowley
Micrel, Incorporated
2180 Fortune Drive
San Jose, CA 95131
Phone: (408) 944-0800
Micrel, Incorporated
CONTACT: Richard Crowley of Micrel, Incorporated, +1-408-944-0800
Web site: http://www.micrel.com/
North American Technologies Group, Inc. Announces Changes in Management
IRVING, Texas, March 26 /PRNewswire-FirstCall/ -- North American Technologies Group, Inc. (OTC Bulletin Board: NAMC; "NATG"), world leader in engineered composite railroad ties, announced management changes in the Company.
Mr. Rod Wallace was appointed President and Chief Executive Officer on March 24, 2008, Mr. Wallace who has been with the Company since January of 2007, has lead its operations team to almost double its production and has extensive background in manufacturing with specific expertise in polymer products manufacture, injection molding, extrusion and composite materials.
Pat Long, Chairmen of the NATG's Board of Directors said, Mr. Wallace is an accomplished professional. Since joining the company he has been leading the operations team to increase production by almost 100%. Prior to joining the Company Mr. Wallace was Vice President of Sann Lii corporation where he directed operations and had P & L responsibilities for that company's Brazil, China, Europe and Mexico manufacturing facilities. Mr. Wallace appointment is a continuation of the Company's plans of strengthening the Company by providing leadership with combined technical and managerial skills."
Mr. Alex C. Rankin resigned as President and Chief Executive Officer.
Mr. Long said, "On behalf of myself, the Board and the entire North American Technologies team, we thank Alex for his service. Under Alex's leadership the company built momentum toward a successful turnaround. The company and the Board thanks Alex for his contributions and wishes him well in his future endeavors."
About NAMC
North American Technologies Group, Inc. through its wholly owned subsidiary TieTek(TM), produces engineered composite railroad ties and other engineered products. TieTek uses its patented technology to process recycled materials and mineral additives to manufacture engineered composite products that last longer and perform better than hardwood or concrete alternatives in structural applications. The Company's securities are quoted in the over-the- counter market under the symbol "NAMC". The Company's website is found at: http://www.tietek.com/.
Contact:
Joe Dorman
(972) 819- 3676
jdorman@tietek.com
North American Technologies Group, Inc.
CONTACT: Joe Dorman of North American Technologies Group, Inc., +1-972-819-3676, jdorman@tietek.com
Web site: http://www.tietek.com/
eCollege's Enterprise Reporting Provides Data for Online Learning SuccessNew Reporting Tool Offers Deeper Insights into Online Learning Programs' Daily Activity Trends
DENVER, March 26 /PRNewswire/ -- eCollege, the nation's leading provider of comprehensive eLearning technology and services to education, today announced an early access release of Enterprise Reporting-a powerful reporting suite that delivers extensive program information in an accessible, Web-based tool. Enterprise Reporting places student activity, course progress and a variety of online data at administrators' fingertips. The announcement was made at CiTE 2008, eCollege's annual users' conference.
"One of the inherent benefits of online education is that student and instructor activity can be measured," said eCollege President Matthew Leavy. "We are continually working to give our customers the very best tools and resources so they can make informed decisions to improve their online learning programs. With Enterprise Reporting, our customers have the ability to quickly gather up-to-date information about their online learning programs. Instant access to data across programs allows institutions to act on key performance indicators that can improve learning and student success."
To provide this robust reporting suite, eCollege has partnered with Cognos, an IBM company and the world leader in business intelligence and performance management solutions. Cognos' proven software approach provides an adaptive analytics framework that eCollege has leveraged for Enterprise Reporting's powerful trending and monitoring capabilities.
"Our partnership with eCollege is an exciting step forward into the fast-expanding online learning market. With a zero footprint and quick time to deployment, our IBM Cognos BI solutions are perfectly suited to empowering eCollege customers with the enterprise reporting and analysis they need to optimize program management," said Ted Jandle, Vice-President of Global OEM Partners at Cognos.
Enterprise Reporting is the evolution of eCollege's reporting strategy. It combines eCollege's analytical trending tool, Program Intelligence Manager, with the ability to monitor daily program information, such as course enrollments, student activity and grades. Institutions will use Enterprise Reporting to quickly create customized reports about their online learning programs.
Enterprise Reporting provides a flexible user interface in which users can drag and drop desired fields to execute ad-hoc reports. This reporting tool pools granular and historical course performance data, allowing users to monitor trends in daily occurrences.
The Enterprise Reporting package will allow institutions to identify at-risk students early and provide assistance to help them succeed. Enterprise Reporting gives eCollege customers the tools they need to make informed decisions that will improve learning throughout the institution, increasing student success and retention.
Enterprise reporting also will give institutions the ability to analyze data from a program-intelligence perspective. These capabilities allow administrators to make specific, measurable results for implementing strategic improvements to their online learning programs. These strategic improvement decisions offer increased program effectiveness and quicker return for the institution's online education investment.
Highlights of the On Demand Reporting tool include:
-- Advanced reporting capability that allows institutions to monitor key
performance indicators on a daily basis
-- Analyzes historic data to determine key drivers of operational and
program success
-- Flexible user interface with drag-and-drop capabilities for defining
ad-hoc reports
-- Provides comparative reports of the institution's online enrollments,
activity and grades
-- Monitors student grade and activity levels, identifying at-risk
students for follow-up action
-- Provides current seat counts to ensure optimal resource levels for
targeted student retention
-- Efficient report creation for accreditation and regulatory compliance
needs
Five eCollege customers will pilot the program. The final launch of Enterprise Reporting is targeted for 2008.
"Enterprise Reporting enables our customers to quickly and dynamically generate useful operational reports. They can pick and choose the desired data fields and filter on any parameter," said Katy Kappler, Product Director of Administrative Solutions at eCollege. "Now, with this effective tool, users can run complex, aggregate reports quickly."
About eCollege
eCollege, a Pearson company , is a leading provider of value-added information services to postsecondary institutions and K-12 education. The company provides a comprehensive, on-demand eLearning solution that supports many of the most successful, fully online degree, certificate/diploma and professional development programs in the country, and increasingly, around the world. Pearson, the international media company, is the global leader in educational publishing, assessment, information and services, helping people of all ages to learn at their own pace, in their own way. In addition to Education, Pearson's primary operations include the Financial Times Group and the Penguin Group. For more information, visit http://www.ecollege.com/ or http://www.pearson.com/.
eCollege
CONTACT: Susan Aspey, +1-724-222-0531 or +1-347-421-2473, Susan.aspey@pearson.com
Web site: http://www.ecollege.com/ http://www.pearsoned.com/ http://www.pearson.com/
Level 3 Communications Sets First Quarter 2008 Earnings Call Date
BROOMFIELD, Colo., March 26 /PRNewswire-FirstCall/ -- Level 3 Communications, Inc. will release its first quarter 2008 results on Wednesday, April 23, and will host a conference call at 10 a.m. EDT.
The first quarter conference call will be broadcast live on Level 3's Web site at http://www.level3.com/. If you are unable to join the call via the Web, you may access the call at 888-724-9520 or 913-312-1272 access code 7889479. You may also e-mail questions to Investor.Relations@Level3.com.
The call will be archived and available on Level 3's Web site at http://www.level3.com/q0108report.html, or you may access an audio replay until 12:00 a.m. MDT on Friday, May 2, 2008, by dialing 888-203-1112 or 719-457-0820 access code 7889479. For additional information please call 720-888-2502.
About Level 3 Communications
Level 3 Communications, Inc. , an international communications company, operates one of the largest Internet backbones in the world, connecting more than 180 markets in 20 countries. The company serves a broad range of wholesale, enterprise and content customers with a comprehensive suite of services including: Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice and voice over IP services, and content delivery and media distribution services. These services provide the building blocks to enable Level 3's customers to meet their growing demands for advanced communications solutions. The company's Web address is http://www.level3.com/.
Level 3 Communications, Level 3, the red 3D brackets and the Level 3 Communications logo are registered service marks of Level 3 Communications, LLC and/or its affiliates in the United States and/or other countries. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc. Any other service, product or company names recited herein are trademarks or service marks of their respective owners.
Forward-Looking Statement
Some of the statements made in this press release are forward looking in nature. These statements are based on management's current expectations or beliefs. These forward looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Level 3's control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to the company's ability to: successfully integrate acquisitions; increase the volume of traffic on the network; defend intellectual property and proprietary rights; develop new products and services that meet customer demands and generate acceptable margins; successfully complete commercial testing of new technology and information systems to support new products and services; attract and retain qualified management and other personnel; and meet all of the terms and conditions of debt obligations. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/19990721/LVLTLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Level 3 Communications
CONTACT: Media, Chris Hardman, +1-720-888-2292, or Kimberly Tulp, +1-720-888-3675, or Investors, Robin Grey, +1-720-888-2518, or Valerie Finberg, +1-720-888-2501, all for Level 3 Communications
Web site: http://www.level3.com/
Eutelsat and Speedcast Announce the Launch of a New Global Maritime Broadband Service
SINGAPORE, March 26 /PRNewswire-FirstCall/ -- On the occasion of Asia Pacific Maritime, Eutelsat Communications (Euronext Paris: ETL) and SpeedCast announce they are jointly launching a new maritime broadband communications service addressing the commercial shipping sector. The partnership between both companies brings together expertise from Eutelsat, one of the world's largest satellite operators and SpeedCast, a major satellite communications service provider in Asia, wholly owned by AsiaSat, the leading regional satellite operator in Asia.
The new service will serve key shipping routes using Ku-band satellite capacity, mostly on Eutelsat and AsiaSat satellites. In addition to a fixed flat fee per ship, irrespective of usage, the system will provide an improved customer experience by automatically switching from one satellite coverage beam to another with no manual intervention. A major innovation of the service is the use of small one metre stabilised satellite antennas. Compared with currently used 2.4 metre C-band systems, the Ku-band antennas will reduce equipment costs by more than 50% and the space occupied on deck by more than 60%.
Eutelsat and SpeedCast, together with distribution partners, are principally targeting operators of merchant shipping and fishing fleets who wish to integrate enhanced on-board applications in order to optimise productivity and improve crew welfare. The service will enable secure offshore Virtual Private Networks to be established with land-based offices so that a ship in effect becomes a mobile office fully integrated into an overall network. The provision of additional services to crew such as Internet access, GSM connectivity, Video-on-Demand and IPTV services could also be carried through the same satellite connection.
SpeedCast CEO, Pierre-Jean Beylier said: "We are very happy to be launching this new global Ku-band service together with Eutelsat to address some of the key issues that the shipping industry is currently facing, such as crew retention and extension of corporate applications to ships. Eutelsat and SpeedCast's service combines Internet access and VoIP for the crew, and secure VPN capabilities with guaranteed bandwidth for mission critical corporate applications. The ship really becomes a mobile office with an always-on broadband connection and unlimited usage for a monthly fixed fee, as we are used to onshore."
Arduino Patacchini, Eutelsat Multimedia Director commented: "We are very excited to expand beyond our strong and well-established suite of D-STAR maritime services and regional footprint towards a worldwide coverage through this partnership with SpeedCast. This new offer enables us to respond to the maritime community and to crew who will be able to be connected to family and friends at any time. It also opens the door to new applications. Achieving these objectives with a small one metre antenna on a global basis marks a real step forward."
The service will be provided via a 24/7 Network Operations Centre operated by SpeedCast in Hong Kong connecting with a network of teleports, including SpeedCast's Hong Kong teleport and the Turin teleport operated by Eutelsat's broadband affiliate, Skylogic.
About SpeedCast
SpeedCast is a leading satellite service provider operating in over 35 countries in Asia Pacific, Middle East and Africa.
SpeedCast's powerful satellite IP-based platform delivers:
- SpeedCast Broadband: high speed Internet connectivity for enterprises and service providers - SpeedCast Private Network: satellite network infrastructure and managed solutions - SpeedCast Multimedia: Premium bouquet of over 30 world-class channels for broadband and mobile networks - SpeedCast Broadcast: content delivery solutions to ensure high-quality distribution of enterprise and media content.
Operating on many different satellites in both C-band and Ku-band, and partnering with Tier 1 carriers for fibre requirements, SpeedCast and its 80 partners worldwide provide first-class services and 24/7 technical support.
http://www.speedcast.com/
About Eutelsat Communications
Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is the holding company of Eutelsat S.A.. With capacity commercialised on 24 satellites that provide coverage over the entire European continent, as well as the Middle East, Africa, India and significant parts of Asia and the Americas, Eutelsat is one of the world's three leading satellite operators in terms of revenues. At 31 December 2007, Eutelsat's satellites were broadcasting almost 3,000 television channels and 1,100 radio stations. More than 1,100 channels broadcast via its HOT BIRD(TM) video neighbourhood at 13 degrees East which serves over 120 million cable and satellite homes in Europe, the Middle East and North Africa. The Group's satellites also serve a wide range of fixed and mobile telecommunications services, TV contribution markets, corporate networks, and broadband markets for Internet Service Providers and for transport, maritime and in-flight markets. Eutelsat's broadband subsidiary, Skylogic, markets and operates services through teleports in France and Italy that serve enterprises, local communities, government agencies and aid organisations in Europe, Africa, Asia and the Americas. Headquartered in Paris, Eutelsat and its subsidiaries employ 538 commercial, technical and operational experts from 27 countries.
http://www.eutelsat.com/
For more information please contact
Speedcast
Ms Mei Lin Kan
Tel: +60-3-2260-2269
Email: mei.lin@SpeedCast.com
Press
Vanessa O'Connor
Tel: +33-1-53-98-38-88
voconnor@eutelsat.fr
Frederique Gautier
Tel: +33-1-53-98-38-88
fgautier@eutelsat.fr
Investors
Gilles Janvier
Tel: +33-1-53-98-35-30
investors@eutelsat-communications.com
Eutelsat Communications
CONTACT: For more information please contact: Speedcast, Ms Mei Lin Kan, Tel: +60-3-2260-2269, Email: mei.lin@SpeedCast.com; Press, Vanessa O'Connor, Tel: +33-1-53-98-38-88, voconnor@eutelsat.fr; Frederique Gautier, Tel: +33-1-53-98-38-88, fgautier@eutelsat.fr; Investors, Gilles Janvier, Tel: +33-1-53-98-35-30, investors@eutelsat-communications.com
On Air, On The Go & Online, MTV Is On Fire!"The Hills" Sets 2008 Cable Record As #1 Telecast With Extended Season Premiere Scoring 5.0 P12-3428 Million Votes Cast & Counting For Anticipated Finale Of "Randy Jackson Presents: America's Best Dance Crew"Plus "Making The Band 4," "Real World/Road Rules Challenge: Gauntlet III," MTV Games' Rock Band & More Create Their Own Success Stories
SANTA MONICA, Calif., March 26 /PRNewswire/ -- Sound the alarm ... MTV (http://www.mtv.com/) is officially on fire! MTV's premiere of "The Hills" (http://www.mtv.com/ontv/dyn/the_hills/series.jhtml) Monday night was the highest rated telecast of the year-to-date for cable P12-34, posting a 5.0 rating. MTV fans have also showed their astonishing numbers by casting over 28 million votes in just the last five days to crown the best dance crew in the nation on Thursday night at 10PM ET with the LIVE finale of "Randy Jackson Presents: America's Best Dance Crew." (http://www.mtv.com/ontv/dyn/dance_crew/series.jhtml) In addition, the network also wrapped big seasons of "Making The Band 4" (http://www.mtv.com/ontv/dyn/making_the_band_4/series.jhtml) and "Real World/Road Rules Challenges: The Gauntlet III" (http://www.mtv.com/ontv/dyn/rwrr_challenge-gauntlet3/series.jhtml) celebrating everything from #1 albums to season-over-season growth. All the series speak to MTV programming head, Tony DiSanto's strategy of fast-tracking projects, supersizing orders, 'eventizing' series premieres and finales, experimenting with new formats that empower viewers, and reengineering hit series to one hour formats to give fans more of what they want.
Success wasn't limited to just programming as MTV properties ranging from video games to its network of online communities have also caught fire. MTV Games' highly acclaimed Rock Band (http://www.mtv.com/games/video_games/rock_band/index.jhtml) video game has gone six-times platinum for its downloadable content, and has sold over 1.8 million units since its launch in November 2007. MTV's dozens of unique online communities including IAmOnMTV.com, Dance.MTV.com and newly launched ParisBFF.com have been hits as well. Since the beginning of the year, viewers have generated a cumulative 47 million page views and spent more than 23 million total minutes on the sites.
"THE HILLS"
-- "The Hills" extended season three premiere was the highest rated
telecast of the year-to-date for cable, posting a 5.0 P12-34 rating;
also making it the highest rated telecast of "The Hills" franchise.
-- For the night (8PM-11PM), "The Hills" premiere was the most watched
program across all of television among P12-34, even out-delivering
broadcast.
-- The telecast over-delivered the season three premiere by 37% among
P12-34.
-- The premiere averaged over 4.7 million viewers (P2+), another franchise
high.
-- Following the premiere, Mariah Carey's
(http://www.mtv.com/music/artist/carey_mariah/artist.jhtml) performance
(11:02PM-11:12PM) posted a 3.3 P12-34 rating, growing 181% from the
time period norm.
-- In its first full day live on MTV.com (3/25), the new episode of "The
Hills" (episode 19) delivered a whopping 1.8M streams, up +29% from the
'day after' of season 3's premiere episode.
-- The day after the on-air premiere (3/25), "The Hills" content on
MTV.com delivered a staggering 2.2 million streams.
-- The Hills section of the site attracted 26% more unique visitors over
the Season 2 premiere and 59% increase compared to Season 1 premiere
(5/31/06).
"RANDY JACKSON PRESENTS: AMERICA'S BEST DANCE CREW"
Over 28 million and counting! A nation of numbers has emerged since last Thursday's airing of MTV's "Randy Jackson Presents: America's Best Dance Crew" to voice their support for the last two crews standing -- Jabbawockeez (http://www.mtv.com/ontv/dyn/dance_crew/crews.jhtml?crew=jabbawockeez) and Status Quo (http://www.mtv.com/ontv/dyn/dance_crew/crews.jhtml?crew=status_quo). It will be the ultimate dance-off as the crews' battle in the LIVE season finale Thursday, March 27th at 10PM ET. From Thursday 3/20 to date, over 28 million votes have come in via phone, text messaging and the Web with over 9 million votes cast in the first 24-hours of polling! Also, Dance Crew content alone on MTV.com generated over 1 million streams in just the first 24-hours after last week's episode. In addition to its recent success, over the last seven weeks "Randy Jackson Presents: America's Best Dance Crew" has been the top rated telecast in Thursday primetime (8PM-11PM) among P12-34 across all of cable and is the highest rated new MTV series among P12-34 for 2008-to-date. The show has also seen consistent week-to-week digital growth since its season premiere and has remained MTV.com's top show since its debut, averaging +26% growth weekly for its show pages.
"MAKING THE BAND 4" &
"REAL WORLD/ROAD RULES CHALLENGE: GAUNTLET III"
Coming off an unforgettable season which reached over 55 million viewers and delivered over 9 million streams on MTV.com, MTV and Diddy announced the pick up of another season of the hit series "Making The Band." The full season of MTV's "Making The Band 4, Season 2" ranked #1 in its time period (Mon 10PM-11PM) among F12-34 across all cable and averaged a 2.2 P12-34 rating, up 8% versus last season. Since the season 2 premiere "Making The Band 4" has consistently ranked as one of the top shows on MTV.com, attracting nearly 2.5 million visits to the show area. "Real World/Road Rules Challenge: Gauntlet III" returned with a new hour long format, making MTV #1 in cable on Wednesdays 10-11pm among P12-34. The full season delivered an impressive 2.4 P12-34 rating, up 56% from the prior season average. It reached over 64 million viewers (P2+), with over 31 million from our P12-34 core.
ROCK BAND
MTV Games' Rock Band has sold over 1.8 million units since its launch in November 2007 through February 2008 according to NPD while Rock Band downloadable content has gone 6 times platinum with music fans and gamers purchasing over 6 million levels based on songs from an amazing selection of artists ranging from classic rock to up and coming, emerging acts. MTV Games also recently announced that Rock Band for Wii will be released as a Special Edition bundle including the software, drums, microphone and a wireless guitar. Stand alone instruments will also be available on June 22nd for people who want to build their band one instrument at a time or want to play the drum versus drum game mode. The game will feature 63 songs which include five bonus songs for Wii gamers to enjoy.
ONLINE COMMUNITIES
MTV's dozens of online communities -- including its popular IAmOnMTV.com, Dance.MTV.com and newly launched ParisBFF.com -- have proven to be monster hits online as well. Since the beginning of the year, viewers have generated a cumulative 47 million page views and spent more than 23 million total minutes on the sites (with average time spent per user of 15 minutes) -- key metrics that reinforce the immersive nature of the verticals.
MTV is the dynamic, vibrant experiment at the intersection of music, creativity and youth culture. For over 26 years, MTV has evolved, challenged the norm, and detonated boundaries -- giving each new generation a creative outlet and voice that entertains, informs and unites on every platform and screen. On-air, MTV has been the number one rated 24 hour ad-supported cable network P12-24 for 16 straight years. Online, MTV.com scored double-digit growth in 2007 and MTV launched ten dynamic online communities and six new virtual worlds. On the go, MTV Mobile is the #1 music brand in the wireless space - delivering 90% more streams than in 2006. And MTV's successful sibling networks MTV2, mtvU and MTV Tr3s each deliver unprecedented customized content, super-serving music fans, college students and young American Latinos like no one else. MTV is part of MTV Networks, a unit of Viacom , one of the world's leading creators of programming and content across all media platforms. Wanna know more? Come on in ... http://www.mtvpress.com/.
MTV
CONTACT: David French, +1-212-846-6406, David.French@mtvstaff.com; or Ariana Urbont, +1-310-752-8079, Ariana.Urbont@mtvstaff.com; both of MTV
Web site: http://www.mtv.com/
Publicis Groupe Expands Digital Activities in South Asia
PARIS, March 26 /PRNewswire-FirstCall/ -- Publicis Groupe (Euronext Paris: FR0000130577) today announced the rebranding of Solutions, the India and Singapore-based marketing services arm of Publicis Groupe, as Solutions - Digitas. This strategic development marks the next step in the international deployment of the Digitas global network.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080326/298706 )
This new entity will leverage Solutions' regional leadership with Digitas' global reach and business development resources. Under the new structure, Solutions - Digitas will be led by Solutions' founders, Srikant Sastri, Managing Director, and Ms. Kanika Mathur, Director and President. The two will report in to Alan Rutherford, CEO of Digitas Global.
Solutions - Digitas will continue to service Solutions' existing clients as well as offering an Indian service for its' global clients. The new company will also develop its Prodigious division, a standalone Digital Asset production company, servicing the Groupe's agencies and their clients. With headquarters in New Delhi, it will operate in six cities in India (Mumbai, Bangalore, Chennai, Hyderabad and Kolkata) as well as in Singapore.
Since joining Publicis Groupe early last year, Digitas has expanded into the United Kingdom, Greater China including Hong Kong, Japan and France. The launch of Solutions - Digitas is a key move strengthening Digitas' presence in Asia, and reinforcing Publicis Groupe's commitment to expand digital into emerging markets, and to grow digital market share across the globe.
Solutions Integrated Marketing Services was founded in 1995, and it was acquired by Publicis Groupe in 2005. Its strength is its integrated offering which spans direct, digital, promotions and shopper marketing.
The Groupe already has a well-established presence in India through its advertising networks Publicis, Leo Burnett and Saatchi & Saatchi; media networks Starcom MediaVest Group and ZenithOptimedia; and marketing services operations including Solutions and Hanmer & Partners. Altogether, Publicis Groupe employs more than 1,700 employees in India.
Alan Rutherford, CEO, Digitas Global, said: "This decisive step once again illustrates our commitment to establishing a cutting-edge international digital network. We're thrilled to be working with Srikant, Kanika, and their teams at Solutions, the top marketing services agency in India, and bringing their talent into our global network is a huge advantage for Digitas and for our clients."
Srikant Sastri, Managing Director, Solutions, was also enthusiastic about this development: "We're very excited to join forces with Digitas to leverage their impressive range of interactive and digital capabilities. Our goal now is to become a leading digital agency in India as well as India's top marketing services agency. The match in corporate culture is one of the key reasons I am confident that we can achieve this." Publicis Groupe is the world's fourth largest communications group. In addition, it is ranked as the world's second largest media counsel and buying group, and is a global leader in digital and healthcare communications. With activities spanning 104 countries on five continents, the Groupe employs approximately 44,000 professionals.
The Groupe offers local and international clients a complete range of communication services, through three autonomous global advertising networks, Leo Burnett, Publicis, Saatchi & Saatchi and two multi-hub networks, Fallon and 49%-owned Bartle Bogle Hegarty; to media consultancy and buying, through two worldwide networks, Starcom MediaVest Group and ZenithOptimedia; interactive and digital marketing led by Digitas; Specialized Agencies and Marketing Services offering healthcare communications, corporate and financial communications, sustainability communications, shopper marketing, public relations, CRM and direct marketing, event and sports marketing, and multicultural communications.
Web Site: http://www.publicisgroupe.com/
Digitas
Digitas is a leading digital marketing network, helping the world's biggest brands develop, engage and profit from building valuable relationships with their customers. The network pairs media, marketing, technology, creativity, imagination and analytics to ignite emotional bonds between people and brands. Digitas also operates an independent healthcare marketing brand, Digitas Health, as well as Prodigious Worldwide, the world's only standalone, global digital productions company.
Web Site: http://www.digitas.com/
Solutions
Solutions is today the Numero Uno marketing services company in India. Founded in 1995, Solutions has also emerged as the only Indian company that offers Fortune 500 companies such an integrated expertise, across Asia-Pacific.
SOLUTIONS' integrated offering- spanning direct, digital, promotions & shopper marketing - is the ideal answer for clients seeking rapid growth, e.g. HP, Microsoft, Aviva, Gillette, Pepsi, Philips and Sony-Ericson. This work has been acclaimed and awarded at prestigious forums such as Globes, PMAA, Asian Marketing Effectiveness Awards, and Abby's. For two years in a row, in 2006 & 2007, SOLUTIONS has won the 'Best in India' trophy, at PMAA.
Photo: http://www.newscom.com/cgi-bin/prnh/20080326/298706
Publicis Groupe Services
CONTACT: Contacts: Publicis Groupe - Paris: Peggy Nahmany, External Communications: +33(0)1-44-43-72-83, Martine Hue, Investors Relations: +33(0)1-44-43-65-00; Digitas - New York: Samantha Digennaro, +1-212-966-9525; Solutions - New Delhi: Srikant Sastri, +91-11-26226568
Publicis Groupe développe ses activités numériques en Asie du Sud
PARIS, March 26 /PRNewswire/ --
- Digitas lance Solutions - Digitas en Inde et à Singapour
Publicis Groupe (Euronext Paris: FR0000130577) annonce
aujourd'hui une nouvelle étape stratégique dans le déploiement international
du réseau Digitas : Solutions, la branche de marketing services du Groupe en
Inde et à Singapour, prend le nom désormais de Solutions - Digitas.
(Foto: http://www.newscom.com/cgi-bin/prnh/20080326/298706 )
Alliant l'expertise en marketing services de Solutions sur le
marché indien et l'expertise numérique internationale de Digitas, cette
nouvelle organisation bénéficiera de la solide implantation régionale de
Solutions, et de la dimension internationale et des ressources de Digitas.
Les fondateurs de Solutions, Srikant Sastri, Managing Director, et Mme Kanika
Mathur, Director & President, dirigeront la nouvelle structure et seront sous
la responsabilité d'Alan Rutherford, CEO de Digitas Global.
Solutions - Digitas proposera désormais une offre plus
complète en Inde et à Singapour à l'ensemble de ses clients ainsi qu'aux
clients internationaux de Digitas. Cette nouvelle structure permettra
également de développer l'offre de Prodigious, société de production digitale
de Digitas.
Solutions - Digitas sera basé à New Delhi et opèrera à partir
de ses entités installées à Mumbai, Bangalore, Chennai, Hyderabad et Kolkata
ainsi qu'à Singapour.
Depuis l'acquisition de Digitas par Publicis Groupe début
2007, le réseau s'est implanté au Royaume-Uni, dans la zone Grande Chine, au
Japon et en France. Le lancement de Solutions - Digitas représente une étape
clé dans le renforcement de la présence de Digitas en Asie. Ce déploiement
démontre la volonté de Publicis Groupe de renforcer le numérique dans les
marchés émergents et de gagner des parts du marché partout dans le monde.
Publicis Groupe a acquis Solutions en 2005, agence créée en
1995. Son atout concurrentiel réside dans son offre intégrée de services,
couvrant le direct, le numérique, les promotions et le marketing du
consommateur au point de vente.
Publicis Groupe est déjà bien implanté en Inde à travers ses
réseaux publicitaires Publicis, Leo Burnett et Saatchi & Saatchi, ses réseaux
médias Starcom MediaVest Group et ZenithOptimedia, ainsi que ses opérations
de marketing services notamment Solutions et Hanmer & Partners. Le Groupe
compte plus de 1 700 collaborateurs dans le pays.
Alan Rutherford, CEO de Digitas Global, déclare : << Cette
étape décisive marque, une fois de plus, notre volonté d'établir un réseau
numérique international de pointe. Nous sommes enchantés de travailler avec
Srikant, Kanika et leurs équipes de Solutions, la meilleure agence de
marketing services en Inde. L'association de leurs talents à notre réseau
mondial est un énorme avantage pour Digitas et pour nos clients. >>
Srikant Sastri, directeur général de Solutions, a déclaré,
enthousiaste : << Nous sommes très heureux de rejoindre Digitas pour tirer
parti de son impressionnante palette de capacités interactives et numériques.
Nous cherchons désormais à devenir une des premières agences numériques et la
meilleure agence de marketing services en Inde. Je suis convaincu que nous y
parviendrons, en grande partie parce que nos cultures d'entreprise sont en
parfaite adéquation. >>
Publicis Groupe (Euronext Paris : FR0000130577) est le 4ème
groupe mondial de communication, le deuxième groupe mondial en conseil et
achat media, ainsi que le leader mondial en communication digitale et dans la
santé. Le Groupe est présent dans 104 pays sur les 5 continents et compte
environ 44 000 collaborateurs.
L'offre de services en communication du Groupe, auprès de
clients locaux aussi bien qu'internationaux, comprend la publicité, à travers
trois réseaux publicitaires mondiaux fonctionnant de manière autonome, Leo
Burnett, Publicis et Saatchi & Saatchi, ainsi que deux réseaux multi-hubs :
Fallon et Bartle Bogle Hegarty (filiale à 49 %) ; le conseil et l'achat
d'espace media, à travers deux réseaux mondiaux : Starcom MediaVest Group et
ZenithOptimedia; une expertise dans la communication numérique et interactive
grâce notamment au réseau Digitas ; les marketing services et la
communication spécialisée, comme la communication santé, la communication
corporate et financière, les relations publiques, le marketing relationnel et
direct, la communication événementielle et sportive, ainsi que la
communication ethnique.
Site internet: http://www.publicisgroupe.com
Digitas
Digitas est l'un des principaux réseaux de marketing
numérique, au service des plus grandes marques mondiales, pour les aider à
développer et faire vivre des relations clients précieuses et rentables. Le
réseau associe les médias, le marketing, la technologie, la créativité,
l'imagination et les études, pour susciter des liens affectifs entre les gens
et les marques. Digitas dispose également d'une marque indépendante de
marketing santé, Digitas Health, ainsi que de la seule société de production
numérique mondiale indépendante, Prodigious Worldwide.
Site internet: http://www.digitas.com
Solutions
Solutions est aujourd'hui la première des entreprises de
marketing services en Inde. Fondée en 1995, Solutions est également la seule
société indienne qui offre une telle expertise intégrée aux 500 plus grandes
entreprises selon Fortune, et ce, dans toute l'Asie-Pacifique.
Son offre intégrée - direct, numérique, promotions, marketing
du consommateur au point de vente - est la réponse idéale pour des clients
visant une croissance rapide, comme HP, Microsoft, Aviva, Gillette, Pepsi,
Philips et Sony-Ericsson. Le travail de Solutions a obtenu de nombreux prix
prestigieux, aux Globes, Promotion Marketing Awards of Asia, Asian Marketing
Effectiveness Awards, et Abby International Awards. Solutions a obtenu le
trophée << Best in India >> du PMAA, deux années consécutives, en 2006 et
2007.
Publicis Groupe Services
CONTACTS: Publicis Groupe - Paris: Peggy Nahmany, Communication Externe: +33(0)1-44-43-72-83; Martine Hue, Relations Investisseurs: +33(0)1-44-43-65-00; Digitas - New York: Samantha Digennaro +1-212-966-9525; Solutions - New Delhi: Srikant Sastri +91-11-26226568
Eutelsat et Speedcast annoncent le lancement d'un nouveau service maritime mondial à haut débit
SINGAPOUR, March 26 /PRNewswire/ -- A l'occasion du salon Asia Pacific Maritime, Eutelsat Communications
(Euronext Paris : ETL) et SpeedCast ont annoncé le lancement conjoint d'un
nouveau service de communications maritimes de haut débit dédié au secteur de
la marine marchande. Ce partenariat réunit l'expertise technique d'Eutelsat,
l'un des premiers opérateurs mondiaux de satellites et de SpeedCast, l'un des
grands fournisseurs de services par satellite en Asie, détenu à 100% par
AsiaSat, opérateur régional de satellites leader en Asie.
Ce nouveau service offrira une couverture des grandes routes maritimes en
exploitant principalement les ressources satellitaires en bande Ku des
flottes Eutelsat et AsiaSat. Lors d'un changement de zone de couverture, le
transfert d'un faisceau satellitaire à un autre se fera automatiquement sans
intervention manuelle de la part de l'équipage, apportant un grand confort
d'utilisation. Le service sera commercialisé sur la base d'abonnements
forfaitaires sans limite de consommation. Une autre innovation majeure
importante de ce service est la réduction de la taille de l'antenne
stabilisée de 1 mètre de diamètre. Comparée aux antennes de 2,40 mètres pour
les services actuels en bande C, l'usage de la bande Ku permet ainsi de
diminuer de moitié le coût des équipements et de plus de 60% l'espace requis
de fixation sur le pont.
Eutelsat et SpeedCast, à travers leurs réseaux de distributeurs, visent
principalement les armateurs de navires de commerce et de flottes de pêche
qui souhaitent équiper leurs navires de solutions d'accès au haut débit afin
d'augmenter leur productivité et d'améliorer la vie en mer de leurs
équipages. La liaison par satellite permettra d'établir entre le bateau et
ses bases à terre un réseau privé virtuel entièrement sécurisé, le navire
devenant ainsi un << bureau mobile >> entièrement intégré dans un réseau
global. La fourniture d'autres services à l'équipage, tels que l'accès
Internet, la connexion aux réseaux GSM, le téléchargement de la vidéo à la
demande ou la réception de l'IPTV, pourra également être assurée par cette
liaison satellite.
A l'occasion de cette annonce, Pierre-Jean Beylier, Président de
SpeedCast, a déclaré : << Nous sommes très heureux de lancer aujourd'hui avec
Eutelsat ce service mondial en bande Ku unique en son genre, qui apporte une
réponse à certains des grands enjeux de la marine marchande, tels que la
pénurie de personnel et l'importance croissante des systèmes d'information
embarqués sur les navires. Le service lancé par Eutelsat et SpeedCast associe
l'accès Internet et la téléphonie sur IP pour les équipages, à une connexion
permanente des bateaux à leur réseau privé d'entreprise avec une bande
passante garantie. Le bateau devient donc une extension mobile de
l'entreprise, connectée en permanence en haut débit, avec des formules
d'abonnement mensuel illimité, comme il en existe pour les services à terre.
>>
De son côté, Arduino Patacchini, Directeur du département Multimédia
d'Eutelsat, a ajouté : << Le lancement de ce service vient consolider le
développement de notre gamme de solutions maritimes D-STAR, en nous
permettant de passer progressivement d'une empreinte régionale à une
couverture mondiale, grâce au partenariat avec SpeedCast. Cette nouvelle
offre constitue une réponse parfaitement adaptée au besoin croissant de
connexion permanente pour les professions de la mer, et notamment pour les
membres d'équipage qui pourront communiquer à tout moment avec leurs proches.
Elle ouvre en outre la voie à de nouvelles applications qui profiteront à
l'ensemble du secteur. >>
Le service sera fourni 24h/24 et 7j/7 via un centre de gestion exploité
par SpeedCast, à Hong Kong. Ce centre sera connecté à un réseau de téléports,
dont celui de SpeedCast à Hong Kong et celui de Skylogic, la filiale haut
débit d'Eutelsat, situé à Turin (Italie).
A propos d'Eutelsat Communications
Eutelsat Communications (Euronext Paris : ETL, code ISIN : FR0010221234)
est la société holding d'Eutelsat S.A. Avec des ressources en orbite sur 24
satellites offrant une couverture sur toute l'Europe, le Moyen-Orient,
l'Afrique et l'Inde, et sur de larges zones de l'Asie et du continent
américain, Eutelsat est l'un des trois premiers opérateurs mondiaux de
satellites en terme de chiffre d'affaires. Au 31 décembre 2007, la flotte des
satellites d'Eutelsat assure la diffusion de près de 3 000 chaînes de
télévision et 1 100 stations de radio. Plus de 1 100 programmes de télévision
sont diffusés par les satellites HOT BIRD(TM) à la position orbitale
13 degrés Est vers une audience de plus de 120 millions de foyers en Europe,
Moyen-Orient et Afrique du Nord. La flotte d'Eutelsat sert également une
large gamme de services fixes et mobiles de télécommunication et de diffusion
de données pour les réseaux vidéo professionnels et les réseaux d'entreprise,
ainsi qu'un portefeuille d'applications de services haut débit pour les
fournisseurs d'accès Internet, les collectivités locales ainsi que pour les
transports routiers, maritimes et aériens. Filiale d'Eutelsat dédiée à
l'exploitation de services IP sur les téléports d'Eutelsat en France et en
Italie, Skylogic commercialise ses services en Europe, en Afrique, en Asie et
sur le continent américain. Eutelsat, dont le siège est à Paris, regroupe 538
hommes et femmes issus de 27 pays.
http://www.eutelsat.com
Pour plus de renseignements :
Ms Mei Lin Kan
Tel: +60-3-2260-2269
Email: mei.lin@speedcast.com
http://www.speedcast.com
Contacts Presse
Vanessa O'Connor
Tél. : +33-1-53-98-38-88
voconnor@eutelsat.fr
Frédérique Gautier
Tél. : +33-1-53-98-38-88
fgautier@eutelsat.fr
Investisseurs
Gilles Janvier
Tél. : +33-1-53-98-35-30
investors@eutelsat-communications.com
Eutelsat Communications
Pour plus de renseignements : Ms Mei Lin Kan, Tel: +60-3-2260-2269, Email: mei.lin@speedcast.com; Contacts Presse; Vanessa O'Connor, Tél. : +33-1-53-98-38-88, voconnor@eutelsat.fr; Frédérique Gautier, Tél. : +33-1-53-98-38-88, fgautier@eutelsat.fr; Investisseurs, Gilles Janvier, Tél. : +33-1-53-98-35-30, investors@eutelsat-communications.com
Emageon Receives 'Best in KLAS' Cardiology PACS Award
BIRMINGHAM, Ala., March 26 /PRNewswire-FirstCall/ -- Emageon Inc. , a leader in enterprise medical information technology systems for hospitals and healthcare networks, announced today that its HeartSuite(TM) VERICIS(R) product received the "Best in KLAS" award for Cardiology PACS*. HeartSuite is Emageon's comprehensive suite of adult and pediatric cardiovascular tools offering cardiovascular information management, hemodynamic monitoring, advanced visualization and content management. Emageon will spotlight and demonstrate HeartSuite at the American College of Cardiology 2008 Scientific Session (Booth 6119), March 29 - April 1, 2008.
The Best in KLAS Top 20 Report (http://www.klasresearch.com/Top_20) is an annual year-end report card of vendor performance. The report provides a summary of performance data collected over 13 prior months and ranks the top overall vendors, as well as leaders in each market segment. According to KLAS, they "help healthcare providers make informed technology decisions by offering accurate, honest, impartial vendor performance information." A "Best in KLAS" rating truly represents the voice of the customer, as system users are the ones who provide the responses for the survey results. Emageon's VERICIS(R) score of 82.7 out of 100 represents the highest rating among industry competitors.
About Emageon Inc.
Emageon provides information technology systems for hospitals, healthcare networks and imaging facilities. Its enterprise family of solutions includes RadSuite(TM), HeartSuite(TM) and other specialty suites. All Emageon solutions are built on a unified Enterprise Content Management system offering advanced visualization and infrastructure tools for the clinical analysis and management of digital medical images, reports and associated clinical content. Emageon's standards-based solutions are designed to help customers enhance patient care, automate workflow, lower costs, improve productivity and provide better service to physicians. For more information, please visit http://www.emageon.com/.
About KLAS
KLAS is a research firm that specializes in monitoring and reporting the performance of healthcare's information technology (HIT) vendors. KLAS' mission is to improve HIT delivery by independently measuring vendor performance for the benefit of its healthcare provider partners, consultants, investors, and vendors. Working together with executives from over 4500 hospitals and over 2500 clinics, KLAS delivers timely reports, trends, and statistics, which provide a solid overview of vendor performance in the HIT industry. KLAS measures performance of software, professional services, and medical equipment vendors. For more information, go to http://www.klasresearch.com/
*(C) 2008 KLAS Enterprises, LLC. All rights reserved.
Emageon Inc.
CONTACT: Bill Funderburk of Emageon, +1-205-980-7542, bill.funderburk@emageon.com
Web site: http://www.emageon.com/ http://www.klasresearch.com/ http://www.klasresearch.com/Top_20
New Computer Security Feature Added to Writing Roadmap, CTB/McGraw-Hill's Premiere Online Writing AssessmentFeature Meets Needs of Educators for Online Testing Environment
MONTEREY, Calif., March 26 /PRNewswire/ -- As schools increasingly move to online assessments, technology and assessment coordinators are seeking security measures that ensure a protected online testing environment. CTB/McGraw-Hill's Writing Roadmap(TM), its groundbreaking Web-based classroom writing assessment that has been demonstrated to improve student performance, meets the needs of educators with online security features that enable teachers to administer and monitor classroom writing exams with confidence.
Writing Roadmap is a powerful online essay assessment system using artificial intelligence to assess the writing skills of students in Grades 3- 12. It includes the following new security features and product enhancements:
-- Lockdown student browser: Teachers may choose to have students respond
in a secure setting which locks students in the program once they log
in and disables access to other applications on their computer
-- "Asterisk" technology: Automatically flags certain scores that might
benefit from teacher review
-- New prompts: 16 additional new writing prompts across four styles -
Narrative, Informative/Expository, Descriptive, and Persuasive
-- Improved scoring algorithm: 4, 5, and 6-point rubric scales that meet
psychometric standards for classroom assessments
"Writing Roadmap is recognized as a leading online writing assessment solution that helps improve student performance. We continually incorporate valuable feedback from teachers and administrators to maintain the highest levels of quality and flexibility in this assessment, as well as in all of our products and services," said Ellen Haley, president of CTB/McGraw-Hill. "These enhancements provide important security provisions to Writing Roadmap while giving teachers expanded abilities to develop custom tests and use new scoring features."
Writing Roadmap covers a range of essay styles with 66 classroom writing prompts, 10 training prompts and the ability for teachers to craft custom essay topics. The application contains online tools -- Tutor, Hint, Grammar Tree, and Thesaurus-to provide students with feedback as they go, while automatically generated scores enable students to make immediate revisions. Essays are evaluated along six important writing dimensions-Ideas and Content, Organization, Voice, Word Choice, Conventions, and Fluency. Graphic online reports provide an analytic roadmap to guide future instruction and move students toward the goal of achieving state standards for writing.
For more information on Writing Roadmap, call 800.538.9547 or visit http://www.ctb.com/WritingRoadmap.
About CTB/McGraw-Hill
As the nation's leading publisher of standardized and standards-based achievement tests for pre-school, elementary, middle, high school, and adult education, CTB/McGraw-Hill LLC offers a broad range of assessments, software and services. CTB/McGraw-Hill LLC is part of the Assessment and Reporting group of McGraw-Hill Education, a division of The McGraw-Hill Companies . McGraw-Hill Education is a leading global provider of instructional, assessment and reference solutions that empower professionals and students of all ages. Additional information is available at http://www.ctb.com/.
Media Inquiries
Kelley Carpenter
Director, Communications
(831) 393-7196
kelley_carpenter@mcgraw-hill.com
CTB/McGraw-Hill
CONTACT: Kelley Carpenter Director, Communications (831) 393-7196 kelley_carpenter@mcgraw-hill.com
Web site: http://www.ctb.com/ http://www.ctb.com/WritingRoadmap
Delta SKY Magazine Reviews ClearOne's Chat 50ClearOne's award-winning Chat 50 Personal Speaker Phone receives positive review in the April issue of Delta SKY Magazine.
SALT LAKE CITY, March 26 /PRNewswire-FirstCall/ -- ClearOne , the leading provider of high performance audio conferencing solutions, announced today that their award-winning Chat 50 Personal Speaker Phone will be reviewed in the "Got Gadget?" section of the MODE:ROAD feature in the April issue of Delta SKY Magazine. MODE:ROAD is a monthly feature of the magazine highlighting products and tips for the business traveler. The Chat 50 is the perfect peripheral for the traveling professional seeking high- quality audio for hands-free communication.
Delta is the world's second largest airline in terms of passengers carried. Delta SKY magazine has the largest inflight audience, reaching over 3.7 million readers each month (according to 2007 MRI Syndicated research). Delta SKY magazine is one of the most well respected inflight magazines in the world, having won the "Best Inflight Magazine in 2006" by the World Airline Entertainment Association.
ClearOne's Chat 50 is the industry's first true business class personal conference phone and connects to a variety of devices while providing crystal- clear, hands-free audio communications. The Chat 50 connects to PCs and laptops, telephones, cell phones, video conferencing systems, and MP3 players, providing remarkably clear audio in a broad range of environments.
About ClearOne
ClearOne Communications Inc. is a communications solutions company that develops and sells audio conferencing systems and related products for audio, video and web conferencing applications. The reliability, flexibility and performance of ClearOne's comprehensive solutions create a natural communications environment that saves organizations time and money by enabling more effective and efficient communication. For additional information, access http://www.clearone.com/.
http://www.b2i.us/irpass.asp?BzID=509&to=ea&s=0
CONTACT: Fred Iannotti
Iannotti Communications, LLC
802.244.8893 Day
802.318.5531 Cell
ClearOne
CONTACT: Fred Iannotti, Iannotti Communications, LLC, +1-802-244-8893, Day, +1-802-318-5531 Cell
Web site: http://www.clearone.com/
Pay88 and Junfang Technology Co. Ltd. Announce Agreement for the Distribution of the 51 Game Time Card in Western China
CHONGQING, China, March 26 /Xinhua-PRNewswire-FirstCall/ -- Pay88 Inc. (BULLETIN BOARD: PAYI) announced today that in the 4th quarter 2007 they entered into an agreement, through their wholly-owned Chinese operating company, Qianbao, with Chongqing Junfang Technology Co. Ltd. (Junfang) for the distribution of its 51 Game time card throughout western China. Junfang's website, 51.com, is an extremely popular online community and, according to Junfang management, has over 70 million registered users and an estimated 160,000 new users registering each day.
"This relationship should benefit both companies greatly," commented Mr. Guo Fan, president of Pay88. "Junfang sought out an established, reliable distribution network to provide their game cards to both its new and current users. We have the distribution networks in place and are continuing to expand throughout China. This is a very positive step towards increasing our own consumer base and continuing to promote our brand awareness. We are looking forward to building on the momentum we are experiencing as we continue to add to our product line".
Pay88 continues to expand its distribution networks through its online store http://www.iamseller.com/ and brick and mortar points of sale, such as Internet Cafes.
About Pay88
Pay88, Inc., through its wholly-owned Chinese subsidiary Chongqing Qianbao Technology, engages in the distribution and reselling of prepaid online video game time as well as a range of prepaid digital cards, including online multiplayer game cards, and education cards through distribution networks in Chongqing, China and through http://www.iamseller.com/ .
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward- looking statements involve a number of risks and uncertainties, including without limitation, market penetration of our products, competitive market conditions, and the ability to secure sufficient sources of financing. The actual results Pay88 may achieve could differ materially from any forward- looking statements due to such risks and uncertainties. Pay88 encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-KSB and Form 10-QSB. Pay88's public filings may be viewed at http://www.sec.gov/.
Pay88 Inc.
CONTACT: Guo Fan of Pay88 Inc., +1-603-776-6044, info@pay88.us
Thomson Shareholders Approve Acquisition of Reuters
STAMFORD, Connecticut, March 26 /PRNewswire/ --
- Reuters Shareholders Also Approve Acquisition; Transaction Expected to
Close on April 17, 2008
The Thomson Corporation (NYSE: TOC; TSX: TOC), a leading provider of
information solutions to business and professional customers worldwide, today
announced that its shareholders overwhelmingly approved the proposed
acquisition of Reuters Group PLC at a special meeting held today in Toronto.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020227/NYW014LOGO )
In separate meetings held today in London, Reuters shareholders also
overwhelmingly approved the transaction. Thomson and Reuters will each now
seek court approvals in Canada and the United Kingdom, respectively. The
acquisition is expected to close on April 17, 2008.
The Thomson Corporation
The Thomson Corporation (www.thomson.com) is a global leader in providing
essential electronic workflow solutions to business and professional
customers. With operational headquarters in Stamford, Conn., Thomson provides
value-added information, software tools and applications to professionals in
the fields of law, tax, accounting, financial services, scientific research
and healthcare. The Corporation's common shares are listed on the New York
and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
The directors of Thomson accept responsibility for the information
contained in this announcement. To the best of the knowledge and belief of
the directors of Thomson (who have taken all reasonable care to ensure such
is the case), the information contained herein for which they accept
responsibility is in accordance with the facts and does not omit anything
likely to affect the import of such information.
DEALING DISCLOSURE REQUIREMENTS
Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if
any person is, or becomes, 'interested' (directly or indirectly) in 1% or
more of any class of 'relevant securities' of Thomson or of Reuters, all
'dealings' in any 'relevant securities' of that company (including by means
of an option in respect of, or a derivative referenced to, any such 'relevant
securities') must be publicly disclosed by no later than 3.30 pm (London
time) on the London business day following the date of the relevant
transaction. This requirement will continue until the date on which the
acquisition of Reuters becomes, or is declared, unconditional, lapses or is
otherwise withdrawn or on which the 'offer period' otherwise ends. If two or
more persons act together pursuant to an agreement or understanding, whether
formal or informal, to acquire an 'interest' in 'relevant securities' of
Thomson or Reuters, they will be deemed to be a single person for the purpose
of Rule 8.3.
Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of Thomson or Reuters by Thomson or Reuters, or by any of their
respective 'associates', must be disclosed by no later than 12.00 noon
(London time) on the London business day following the date of the relevant
transaction.
A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities
in issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk. 'Interests in securities' arise, in summary,
when a person has long economic exposure, whether conditional or absolute, to
changes in the price of securities. In particular, a person will be treated
as having an 'interest' by virtue of the ownership or control of securities,
or by virtue of any option in respect of, or derivative referenced to,
securities.
Terms in quotation marks are defined in the Code, which can also be found
on the Panel's website. If you are in any doubt as to whether or not you are
required to disclose a 'dealing' under Rule 8, you should consult the Panel.
CAUTIONARY NOTE CONCERNING FACTORS THAT MAY AFFECT FUTURE RESULTS
This news release includes forward-looking statements that are based on
certain assumptions and reflect the Corporation's current expectations.
Forward-looking statements include the Corporation's belief that the Reuters
acquisition will close on April 17, 2008. The closing of the transaction is
subject to approval by courts in Ontario, Canada and the United Kingdom.
Forward-looking statements in this news release are subject to a number of
risks and uncertainties that could cause actual results or events to differ
materially from current expectations. These risks and uncertainties include
the failure of the courts to approve the proposed transaction. Some of the
other factors that could cause actual results or events to differ materially
from current expectations are discussed in the Corporation's materials filed
with the securities regulatory authorities in Canada and the United States
from time to time, including the Corporation's management information
circular dated February 29, 2008 for the special meeting of shareholders held
on March 26, 2008, and its latest annual information form, which is also
contained in its most recently filed annual report on Form 40-F. The
Corporation disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, other than as required by applicable law, rule or
regulation.
This document does not constitute an offer for sale of any securities or
an offer or an invitation to purchase any such securities. Documents relating
to the proposed transaction have been furnished by Thomson and Reuters to the
SEC. Shareholders are urged to read such documents regarding the proposed
transaction because they contain important information. Shareholders may
obtain free copies of Thomson's and Reuters' respective circulars, as well as
other filings containing information about the companies, without charge, at
the SEC's website at www.sec.gov, at the Canadian securities regulatory
authorities' website at www.sedar.com (in the case of Thomson) and from
Thomson and Reuters. These documents are also available for inspection and
copying at the public reference room maintained by the SEC at 100 F Street,
N.E., Washington, D.C. 20549, United States. For further information about
the public reference room, call the SEC at +1-800-732-0330. The Reuters
circular, which constitutes an offer document of Thomson for the purposes of
the UK Takeover Code, is also available for inspection during usual UK
business hours on Monday to Friday of each week (UK public holidays excepted)
at the registered office of Reuters, being The Reuters Building, South
Colonnade, Canary Wharf, London E14 5EP, United Kingdom, from the date of
this news release until the closing of the transaction.
Media Contact:
Fred Hawrysh
Global Director, External Communications
+1-203-539-8314
fred.hawrysh@thomson.com
Investor Contact:
Frank J. Golden
Vice President, Investor Relations
+1-203-539-8470
frank.golden@thomson.com
Web site: http://www.thomson.com
http://www.thetakeoverpanel.org.uk
The Thomson Corporation
Media - Fred Hawrysh, Global Director, External Communications, +1-203-539-8314, fred.hawrysh@thomson.com, or Investor - Frank J. Golden, Vice President, Investor Relations, +1-203-539-8470, frank.golden@thomson.com. Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020227/NYW014LOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com
Peterson's and U.S. Navy Provide Education and Career Guidance to Service Members and Their Families
LAWRENCEVILLE, N.J., March 26 /PRNewswire/ -- Peterson's, a leading provider of education guidance, and the U.S. Navy Library Program are working together to offer service members and their families a suite of educational products and services designed to help them reach their educational and professional goals.
The comprehensive online resource center is available 24/7 at the Navy Knowledge Online Web site to help active, as well as reserve service members and their families find the right educational program, prepare for important tests and exams and plan their military or civilian careers.
"Thanks to the expert content provided by Peterson's, the Navy Education Resource Center now offers the CLEP/DSST Center, Military Test Prep Center, Resume/Career Center and the Family College Planning Center," said Nellie S. C. Moffitt, head of the Navy General Library Program in the Media & Resource Branch. "With the tools available on our site, service members can not only identify their education and career goals, but take proactive steps to attain them."
The CLEP(R) (College Level Exam Program) and DSST (DANTES Subjects Standardized Tests) programs provide students the opportunity to demonstrate college-level proficiency through a series of exams in undergraduate college courses. The CLEP/DSST section of the resource center helps enlisted and reserve Navy personnel and their families prepare for various CLEP and DSST subject tests. One of the main benefits of successfully taking CLEP and DSST exams is that individuals can earn college credit for knowledge they have gained through their professional experiences or other alternative learning methods. This can save time and also reduce tuition expenses. By completing practice tests available in multiple subject areas, service members can identify their strengths and weaknesses and prepare an effective study plan.
The Military Test Prep Center offers diagnostic tests for the ASVAB (Armed Services Vocational Aptitude Battery), which is the military's qualification and promotion exam. Navy personnel can take the ASVAB diagnostic test and utilize full-length computer adaptive practice tests and an online ASVAB course. Peterson's technology will create an Individualized Learning Path(TM) for each user based on the results of the diagnostic test. This means that every lesson will specifically target the skills and knowledge of the user to improve his or her performance on the ASVAB.
By using the resources available in the Resume/Career Center, users learn to present their Navy background as a major asset, translating military jargon into compelling resume language. With Resume Builder, users can harness the knowledge of Certified Professional Resume Writers and create professionally formatted resumes that get results.
The Family College Planning Center is another valuable component of the resources provided to the Navy Library Program by Peterson's. Within this section of the online portal, service members and their families can find everything they need to plan, prepare and pay for college, including extensive college search and selection tools, practice tests for college admission tests, like the SAT* and ACT(R), as well as expert financial aid guidance. A database of scholarships totaling more than $8 billion is also available along with dozens of expert articles covering federal aid, college-based awards, loans and more.
About Peterson's, a Nelnet company
Peterson's Nelnet, LLC, a wholly owned subsidiary of Nelnet, Inc., is a leading provider of education solutions in print and online for students, families, schools and educators in the areas of test preparation, admissions, financial aid and career guidance.
*SAT is a registered trademark of the College Board, which was not involved in the production of, and does not endorse, this product. ACT(R) is a registered trademark of ACT, Inc., which was not involved in the production of, and does not endorse, this product. CLEP(R) is a registered trademark of the College Board, which was not involved in the production of, and does not endorse, this product.
(code #: nnig)
Peterson's
CONTACT: Krisztina Vida of Peterson's, +1-609-896-1800, ext. 53146, Krisztina.vida@nelnet.net
Web site: http://www.nelnet.com/
Global Med Technologies(R), Inc. Announces the Sale of Approximately 3.3 Million Shares of Global Med Common Stock Held by SingXpress Ltd., an Asian Company, to Five American Institutions
DENVER, March 26 /PRNewswire-FirstCall/ -- Global Med Technologies(R), Inc. ("Global Med" or the "Company") (BULLETIN BOARD: GLOB) , an international e-Health, medical information technology company, announced the sale yesterday, March 25, 2008, of approximately 3.3 million shares of Global Med common stock that was held by SingXpress Ltd., an Asian company, (previously known as Futuristic Image Builder Ltd.). The shares were sold to five American institutions and the transaction was largely completed through Noble Financial Group.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040226/GLOBALMEDLOGO)
About Global Med Technologies, Inc.
Global Med Technologies(R), Inc. is an international e-Health medical information technology company providing information management software products and services to the healthcare industry. Its Wyndgate Technologies(R) division is a leading supplier of information management systems to U.S. and international blood centers and hospital transfusion centers. Each year, Wyndgate's products and services manage more than eight million blood components, representing over 27% of the U.S. blood supply. Wyndgate's products are also being used in Canada, Africa, and the Caribbean. Wyndgate's software provides Vein-to-Vein(R) tracking from donor collection to patient transfusion through its Donor Doc(TM) interactive donor health history questionnaire, ElDorado Donor(TM) and SafeTrace(R) donor management systems, to its SafeTrace Tx(R) advanced transfusion management system. Global Med's PeopleMed(R), Inc. subsidiary provides custom software validation, consulting and compliance solutions to hospitals and blood centers. PeopleMed's in-depth knowledge of Wyndgate's products and the blood banking industry results in cost-effective validation services, which leads to more efficient software implementations and upgrades for our customers.
For more information about Global Med's products and services, please call 800-WYNDGATE or visit http://www.globalmedtech.com/, http://www.peoplemed.com/ and http://www.wyndgate.com/ .
This news release may include statements that constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expects" 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. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this news release.
Photo: http://www.newscom.com/cgi-bin/prnh/20040226/GLOBALMEDLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Global Med Technologies, Inc.
CONTACT: Michael I. Ruxin, M.D., of Global Med Technologies, Inc., +1-303-238-2000, mick@globalmedtech.com; or investors, Paul Holm, President of portfoliopr.inc, +1-212-999-5585, paulmholm@gmail.com, for Global Med Technologies, Inc.
Web site: http://www.globalmedtech.com/ http://www.peoplemed.com/ http://www.wyndgate.com/
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