Companies news of 2008-03-26 (page 4)
Oracle Releases Clusterware for Oracle(R) Unbreakable Linux Support CustomersContinues...
DigitalFX International's helloWorld to Promote Tourism to the Caribbean Island of...
CSC Achieves Record-Setting Milestone for IRS Modernization ProgramCADE System Processes...
Wonder Auto Technology Wins First Supply Contract from a Major North American OEM...
China Yingxia International Announces 2007 Fourth Quarter and Full Year Financial Results...
Motorola Announces Common Wireless Broadband Platform to Support Both WiMAX and...
BEA Systems to Power New On-Line Workspace at Procter & GambleProcter & Gamble Focuses On...
China Sunergy Announces Financial Results for the Fourth Quarter and Full Year 2007
Motorola Commences Process to Create Two Independent, Industry-Leading CompaniesSeparate...
Chrome(R) Systems Launches Spanish Version of New Vehicle Data Product
Overland Storage Again Earns Prestigious Gold 5-Star Award From CMP Channel's VARBusiness...
Orangeburg Schools Implements High Speed Network to Create Dynamic Learning...
CSC Signs Five-Year, Multimillion Dollar Enterprise Service Desk Contract With Eaton...
ProLogis Pre-Leases 186,000 Square Feet in China to Third-Party Logistics Provider Serving...
The9 Limited Announces Appointment of President
Illinois Technology Association Appoints Steve Barnhart to Board of Directors
The Allied Defense Group, Inc. Receives Foreign Weapons Service Contract for $5.5...
Comarco Announces Finance Staff TransitionWinston Hickman Appointed Interim CFO
Pharsight to Present at B. Riley & Co. 9th Annual Las Vegas Investor Conference
PACT Displays Latest Technologies At WETEX Exhibition In Dubai
ViewCast Niagara GoStream Plus Chosen for Streaming Media Magazine 2008 Editors' Picks
ASE Test Limited & Subsidiaries Announce Unaudited Fourth Quarter and Audited Full Year...
Erste Bank Extends its Cooperation With Misys Midas, Thus Underlining its International...
VIASPACE Subsidiary Delivers Fuel Cell Cartridges and Valves to Samsung
Erste Bank Extends its Cooperation With Misys Midas, Thus Underlining its International...
ViewCast Niagara GoStream Plus Chosen for Streaming Media Magazine 2008 Editors' Picks
China Mobile Group Guangdong Co., Ltd Builds Next-Generation Customer Unified Application...
DemandTec and Industry Leaders to Showcase Strategies and Best Practices for Consumer...
Intelenet Selects Verizon Business to Host and Manage Secure Portal for Exchange of Client...
Intelenet Selects Verizon Business to Host and Manage Secure Portal for Exchange of Client...
Oracle Releases Clusterware for Oracle(R) Unbreakable Linux Support CustomersContinues Long-Standing Commitment to Enhancing Linux for the Enterprise
REDWOOD SHORES, Calif., March 26 /PRNewswire-FirstCall/ --
-- Oracle today announced that Oracle Unbreakable Linux support customers
at the Basic and Premier support levels can download and deploy
Oracle(R) Clusterware at no additional license fee or support cost.
-- Oracle Clusterware is portable cluster software that groups together
individual servers so they can cooperate as a single system. A
fundamental component of Oracle Real Application Clusters, Oracle
Clusterware can operate independently and helps ensure the protection
of an application, Oracle or third-party.
-- Oracle Clusterware enables high availability, an essential component of
business continuity, for applications and databases managed in the
cluster environment -- including Oracle Single Instance Databases,
Oracle Application Servers, Oracle Enterprise Manager components, third
party databases, and other applications.
-- Based on Oracle Clusterware as well as the Oracle Cluster File System
Version 2, which Oracle contributed to the mainline Linux kernel in
2006, Oracle's cluster solutions for Linux can be utilized together or
separately as required.
-- Since its inception just over a year ago, Oracle Unbreakable Linux has
delivered end-to-end enterprise quality Linux support to more than
2,000 customers. By providing a single point of contact for the entire
software infrastructure stack, along with Oracle's top-to-bottom
software compatibility, Oracle Unbreakable Linux support helps Oracle
deliver improved responsiveness, reduced system downtime and increased
system reliability for customers.
Supporting Quotes
-- "Based on Oracle's two decades of experience in cluster software,
Oracle Clusterware for Oracle Unbreakable Linux is one of the first
fully supported clustering solutions available for Linux," said Angelo
Pruscino, vice president, Oracle Server Technologies, Oracle. "This
announcement is yet another proof point highlighting Oracle's
commitment to advancing Linux through technology enhancements and
enterprise-quality Linux support -- all of which make Linux more
scalable, available, cost-effective and overall a better enterprise
platform for our customers."
Supporting Resources
-- Oracle Unbreakable Linux Support:
http://www.oracle.com/technologies/linux/index.html
-- More information on Oracle Clusterware: http://tinyurl.com/33jwas
-- Download Oracle Clusterware at: http://tinyurl.com/yuy8f8
-- Oracle Free and Open Source Software: http://oss.oracle.com/
Related Links
Information Sources
Oracle Clusterware Whitepaper: http://tinyurl.com/33nkmo
Oracle Unbreakable Linux FAQ: http://www.oracle.com/technologies/linux/ubl-faq.pdf
Leading Organizations Entrust Their Linux Support to Oracle: http://www.oracle.com/corporate/press/2007_nov/ubl-1st-yr-ow.html
Oracle Management Pack for Linux: http://www.oracle.com/technology/products/oem/omp_linux.html
Oracle Validated Configurations: http://www.oracle.com/features/hp/linux-validated-0606.html
Linux Customer Success: http://www.oracle.com/customers/technologies/linux.html
Oracle Unbreakable Linux Customers: http://www.oracle.com/technologies/linux/customers.html
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
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Oracle
CONTACT: Teri Whitaker of Oracle, +1-650-506-9914, teri.whitaker@oracle.com; or Kristin Reeves of Blanc & Otus, +1-415-856-5145, kreeves@bando.com, for Oracle
Web site: http://www.oracle.com/
DigitalFX International's helloWorld to Promote Tourism to the Caribbean Island of DominicaCompany Forms Strategic Relationship with Caribbean Technology Vision to Create 24/7 Live Broadcast Promoting Scenic Destinations on the Island
LAS VEGAS, March 26 /PRNewswire-FirstCall/ -- DigitalFX International, Inc. , which just opened operations in the Caribbean Islands, today announced a strategic relationship with Caribbean Technology Vision for the formation of a live internet channel to promote tourism in the Caribbean Island of Dominica, as well as create an internet community, or, social network, among Dominicans in the Caribbean and citizens spread throughout the world.
Caribbean Technology Vision, located in Bowie, Maryland, is working with the Dominica Ministry of Tourism to promote the island's natural beauty as a tourist destination. Ian Douglas, the Dominica Minster of Tourism, noted that National Geographic magazine named the Island of Dominica the eighth most environmentally pristine place in the world. Minister Douglas added, "We look forward to working with Caribbean Technology Vision and DigitalFX to promote Dominica's outstanding natural beauties to attract visitors from all over the world."
Under the terms of the agreement, DigitalFX will create a video channel for Caribbean Technology Vision on its helloWorld video sharing website. Caribbean Technology Vision, in turn, shall arrange with the Ministry of Tourism of Dominica, the Dominica Hotel & Tourism Association or individual tourism industry companies to install web cameras in scenic spots on the Island of Dominica. These cameras will be available 24 hours a day, seven days a week, for online viewing.
DigitalFX Chief Executive Officer Craig Ellins said, "We are delighted to join forces with Caribbean Technology Vision to help promote the island's natural beauty. We are also hopeful this connection will bridge the distance among the hundreds of thousands of Dominicans who have left the island for educational and employment opportunities. This initiative is the first of its kind and we hope to extend its reach throughout the Caribbean."
Gabriel J. Christian, President of Caribbean Technology Vision, located in Bowie, Maryland said, "Through helloWorld, it is Caribbean Technology Vision's goal to gain awareness of the Island of Dominica, and also to create business opportunities for its 70,000 inhabitants through communication with those people who have left the Caribbean islands."
About DigitalFX:
DigitalFX International is a creator of digital communications and social networking solutions, as showcased on its social network http://www.helloworld.com/. The company develops and markets proprietary communication and collaboration services, and social networking software applications, including video email, video instant messaging and live webcasting. DigitalFX International, Inc. is democratizing the world of online streaming video and digital media archiving with its flagship product, called The Studio. The Studio is an affordable, cross digital platform web-based solution. Only the DigitalFX Studio brings together all this capability, simply and in one place.
To receive public information, including press releases, conference calls, SEC filings, profiles, investor kits, News Alerts and other pertinent information, please click on the following link: http://www.b2i.us/irpass.asp?BzID=1407&to=ea&s=0
About Caribbean Technology Vision
Caribbean Technology Vision provides legal support for several Caribbean startup companies in technology, tourism and the professions to deepen the insertion of state-of-the-art technologies into the Caribbean economy and to inspire its economic vitality.
FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward- looking statements. Forward-looking statements include statements regarding extending the tourism initiative throughout the Caribbean and creating business opportunities for Dominican residents. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward- looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
Contact Info:
Alison Simard
Media Relations
Stern & Co.
323-650-7117
arsimard@sternco.com
Investor Relations:
Communication Initiatives
888-724-0208
IR@digitalfx.com
Corporate Development
Amy Black
Founder and President
702-743-9412
amy@helloworld.com
DigitalFX International, Inc.
CONTACT: Alison Simard, Media Relations, of Stern & Co. for DigitalFX International, Inc., +1-323-650-7117, arsimard@sternco.com; Investor Relations, Communication Initiatives for DigitalFX International, Inc., +1- 888-724-0208, IR@digitalfx.com; or Corporate Development, Amy Black, Founder and President of helloWorld, +1-702-743-9412, amy@helloworld.com
Web site: http://www.digitalfx.com/ http://www.b2i.us/irpass.asp?BzID=1407&to=ea&s=0 http://www.helloworld.com/
CSC Achieves Record-Setting Milestone for IRS Modernization ProgramCADE System Processes More Than 25 Percent of All 2007 Individual Returns To Date
EL SEGUNDO, Calif., March 26 /PRNewswire/ -- Computer Sciences Corporation today announced that the Customer Account Data Engine (CADE), the cornerstone of the IRS Modernization program, has set a record by processing more than 15 million individual tax returns through March 7, 2008 -- more than 25 percent of the total processed to date by the IRS for the 2007 tax season.
"Through extraordinary teamwork, CSC and the IRS have worked relentlessly and with unwavering determination to deliver an important milestone for this critical component of our nation's modernized tax processing system," said James W. Sheaffer, president of CSC's North American Public Sector business unit. "Together, we have achieved success in improving the effectiveness of our nation's tax administration capability."
CADE is being implemented in a series of releases, each improving on and adding to system capabilities. The current release, deployed to production in January, permits CADE to process certain 1040, 1040A and 1040EZ forms, as well as schedules C, E and F for Form 1040 and a number of other IRS schedules such as the Earned Income Tax Credit.
The number of tax returns processed this year by CADE has already exceeded the 11.2 million returns the system handled last year.
About CSC
Computer Sciences Corporation is a leading information technology (IT) services company. CSC's mission is to be a global leader in providing technology-enabled business solutions and services.
With approximately 91,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. CSC reported revenue of $16.1 billion for the 12 months ended Dec. 28, 2007. For more information, visit the company's Web site at http://www.csc.com/.
Computer Sciences Corporation
CONTACT: Chuck Taylor, Director, Communications, North American Public Sector, +1-703-641-3430, ctaylor26@csc.com, or Mike Dickerson, Director, Media Relations, Corporate, +1-310-615-1647, mdickers@csc.com, or Bill Lackey, Director, Investor Relations, Corporate, +1-310-615-1700, blackey3@csc.com, all of Computer Sciences Corporation
Web site: http://www.csc.com/
Wonder Auto Technology Wins First Supply Contract from a Major North American OEM Automotive Manufacturer
-- Orders Exceed US$13.5 Million Over a 4-Year Period --
-- Units to be Exported to North America --
JINZHOU, Liaoning, China, March 26 /Xinhua-PRNewswire-FirstCall/ -- Wonder Auto Technology, Inc. ("Wonder Auto" or the "Company"), a leading manufacturer of automotive electrical and suspension parts in China, today announced that its subsidiary, Jinzhou Halla Electrical Equipment Co., Ltd., has entered into a 4-year supply agreement and received supply orders for its starter and alternator products from a major North American OEM automotive manufacturer.
Shipments from these orders are expected to begin in June 2009 with an even number of units shipped each year through June 2013. Units will be delivered to the customer's facility in North America. The total value of the contracts is in excess of US$13.5 million.
Mr. Qingjie Zhao, Wonder Auto's CEO and Chairman, commented, "We are very excited about winning this milestone contract which confirms Wonder Auto's technologically advanced starters and alternators have reached global quality standard. This contract win validates our efforts in technology accumulation, quality improvement and market expansion. We will continue to execute our strategies to develop more products to meet the stringent requirements of the global auto makers as we have achieved a solid foothold in the large North American market."
"With this success, we look forward to continuing to penetrate the North American market and other large automotive markets around the world," Mr. Zhao concluded.
About Wonder Auto
Based in Jinzhou City, Liaoning, China, Wonder Auto Technology, Inc., through its Chinese subsidiaries, designs, develops, manufactures and sells automotive electrical parts and suspension products. Wonder Auto was ranked second in sales revenue in the China market for automotive alternator and starter in 2006. With respective 5 different series and over 150 models of alternators, 70 models of starters and various suspension related parts, the Company supplies to a wide range of automakers, engine producers and auto parts suppliers both in domestic China and overseas. Wonder Auto's main customers include Beijing Hyundai Motor Company, Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., Ltd., Harbin Dongan Automotive Engine Manufacturing Co., Ltd., and Tianjin FAW Xiali Automotive Co., Ltd. For more information, please log on to http://www.watg.cn/ .
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, those concerning our estimated sales and expected expansion of our production capacity as well as all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to new and existing products, product defects and any related product recall; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China; any statements of belief or intention; any of the factors and risks mentioned in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2007 and any subsequent SEC filings. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.
For further information, please contact:
Yuechun Xie
Investor Relations Manager
Wonder Auto Technology, Inc.
Tel: +86-416-266-1186
Email: ycxie@watg.cn
Kevin Theiss
Investor Relations
The Global Consulting Group
Tel: +1-646-284-9409
Email: ktheiss@hfgcg.com
Stacy Dimakakos
Media Relations
The Global Consulting Group
Tel: +1-646-284-9417
Email: sdimakakos@hfgcg.com
Wonder Auto Technology, Inc.
CONTACT: Yuechun Xie, Investor Relations Manager of Wonder Auto Technology, Inc., +86-416-266-1186, or ycxie@watg.cn; Kevin Theiss, Investor Relations of The Global Consulting Group, +1-646-284-9409, or ktheiss@hfgcg.com; or Stacy Dimakakos, Media Relations of The Global Consulting Group, +1-646-284-9417, or sdimakakos@hfgcg.com
Web site: http://www.watg.cn/
China Yingxia International Announces 2007 Fourth Quarter and Full Year Financial Results Conference Call
NEW YORK, March 26 /Xinhua-PRNewswire-FirstCall/ -- China Yingxia International, Inc. (BULLETIN BOARD: CYXI) , a leading provider in the nutraceutical industry engaged in the development, manufacture and distribution of organic nutritional food products, supplements, and personal care products in China, today announced that Ms. Yingxia Jiao, CEO and Chairwoman of China Yingxia, will host a conference call to discuss the Company's financial results for the fourth quarter and full year ended December 31, 2007.
The conference call will take place at 9:00 a.m. Eastern Standard Time, on Monday, March 31, 2008. Anyone interested in participating should call 1-800- 762-8779 if calling within the United States, or 1-480-248-5081 if calling internationally, approximately 5 to 10 minutes prior to 9:00 a.m. There will be a playback available until April 8, 2008. To listen to the playback, please call 1-800-406-7325 if calling within the United States, or 1-303-590-3030 if calling internationally. Please use pass code 3861152 for the replay.
This call is being webcast by ViaVid Broadcasting. The webcast may be accessed at ViaVid's Web site at http://www.viavid.net/ .
About China Yingxia International, Inc.
China Yingxia International, Inc., through its 100%-owned subsidiary, Harbin Yingxia Industrial Group Co., Ltd. ('Yingxia'), is primarily engaged in the development, production and sales of health food products in China. Yingxia is located in the Province of Heilongjiang in mainland China. Yingxia's products include soybean-based foods and drinks, longgu golden millet enriched products, cactus-based herbal supplements, personal care products, Nestle products, and organic rice products.
Safe Harbor Statement
The statements contained herein that are not historical facts are 'forward-looking statements' within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as 'believes,' 'expects,' 'may,' 'will,' 'should,' or 'anticipates' or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, our statements regarding the potential growth of the markets are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including but not limited to, general economic conditions and regulatory developments, not within our control. The factors discussed herein and expressed from time to time in our filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed or implied by such statements. The forward-looking statements are made only as of the date of this filing, and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
For more information, please contact:
Peter Zhou
Tel: +1-212-232-0058
China Yingxia International, Inc.
CONTACT: Peter Zhou, +1-212-232-0058
Motorola Announces Common Wireless Broadband Platform to Support Both WiMAX and LTEContinues delivering innovative, new products that help operators bring personal media experiences to consumers
ARLINGTON HTS., Ill., March 26 /PRNewswire-FirstCall/ -- Motorola, Inc. today announced a new common wireless broadband platform that will be used to support both WiMAX 802.16e access points and the Long Term Evolution (LTE) evolved Node-B (eNodeB). The new common platform is physically smaller than the first generation WiMAX product, further reducing operators' deployment and operating costs. Motorola's flexible modem technology allows the common platform to be software configurable to support either WiMAX or LTE.
"We're building upon our OFDM expertise and early success in WiMAX 802.16e as we develop our LTE product solutions," said Fred Wright, senior vice president, Motorola Home & Networks Mobility. "We can reuse about 75 percent of the basic application software and platform technology we developed for WiMAX in our LTE products, thereby advancing our development efforts. For example, the new common wireless broadband platform is expected to be commercially deployed in WiMAX networks in 2008, followed by the LTE application available by late 2009 giving us the advantage of deploying LTE technology on a field proven platform."
Motorola's LTE solution is comprised of the common wireless broadband wireless platform and a selection of radio options that include MIMO and smart antennas. The portfolio includes frame based-mounted radios, remote radio heads and tower top radios to support a wide variety of LTE deployment scenarios across newly available spectrum as well as existing GSM and CDMA spectrum.
Motorola's WiMAX solution is comprised of a number of tower top and ground based access point configurations utilizing MIMO B or smart antenna technology and can be operated in the 2.3, 2.5 and 3.5 GHz frequency bands.
Motorola will showcase the new wireless common broadband platform as part of its media mobility showcase in booth #1806 at CTIA Wireless 2008 in the Las Vegas Convention Center (LVCC) Apr. 1-3.
For more details about Motorola's LTE solutions please visit: http://www.motorola.com/lte and http://www.motorola.com/experiencelte
Motorola is a global leader in mobile WiMAX with 19 WiMAX contracts and more than 75 engagements in 44 countries worldwide. More information on Motorola's global WiMAX activity can be found at Motorola WiMAX World Tour. For more information on Motorola's wi4 WiMAX and MOTOwi4(TM) solutions, please visit: http://direct.motorola.com/hellomoto/motowi4.
Motorola at CTIA
For more news and information about Motorola at CTIA WIRELESS, please visit: http://www.motorola.com/events/ctia.
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
MOTOROLA and the stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. (C) Motorola, Inc. 2008. All rights reserved.
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Motorola, Inc.
CONTACT: Media, Kathi Haas, +1-480-748-6456, kathi.haas@motorola.com, or Industry Analyst, Kathy Wiesner, +1-847-875-0166, k.wiesner@motorola.com, both of Motorola
Web site: http://www.motorola.com/
BEA Systems to Power New On-Line Workspace at Procter & GambleProcter & Gamble Focuses On Dramatically Increasing Information And Knowledge Access: Enhancing Efficiency And Empowering Decision-Making
SAN JOSE, Calif., March 26 /PRNewswire-FirstCall/ -- BEA Systems, Inc. , a world leader in enterprise infrastructure software, today announced that Procter & Gamble implemented a service-oriented architecture (SOA) powered by BEA technologies.
The SOA powers a new on-line workspace at Procter & Gamble. It has been designed to improve decision making, increase access to knowledge assets, and support decision making.
The new workspace uses numerous BEA technologies, including BEA AquaLogic(R) User Interaction as the front door into the workspace, BEA AquaLogic(R) Service Bus as the integration and messaging hub of the SOA, BEA AquaLogic(R) Data Service Platform to allow data from a variety of sources to be accessed on demand, BEA AquaLogic(R) Enterprise Security to protect sensitive data and files, and BEA WebLogic(R) Server, which provides the foundation for many essential applications.
"Our vision is a fundamental transformation of the way we operate: using innovative technologies to help us work smarter, faster and more efficiently," said Filippo Passerini, CIO and Global Services Officer at Procter & Gamble. "BEA is an important contributor to that vision."
The new workstation has initially been rolled out to 2,000 users. Procter & Gamble is now targeting an additional 30,000 users.
About BEA
BEA Systems, Inc. is a world leader in enterprise infrastructure software. Information about how BEA helps customers build a Liquid Enterprise(TM) that transforms their business can be found at bea.com.
About Procter & Gamble
Three billion times a day, P&G brands touch the lives of people around the world. The company has one of the strongest portfolios of trusted, quality, leadership brands, including Pampers(R), Tide(R), Ariel(R), Crest(R), Duracell(R), Olay(R), Pantene(R), Head & Shoulders(R), Gillette(R), and Braun(R). The P&G community consists of 138,000 employees working in over 80 countries worldwide. Please visit http://www.pg.com/ for the latest news and in-depth information about P&G and its brands.
BEA Systems, Inc.
CONTACT: BEA Systems, Inc., +1-408-570-8004
Web site: http://www.bea.com/ http://www.pg.com/
China Sunergy Announces Financial Results for the Fourth Quarter and Full Year 2007
Full Year Revenues of US$234.9 Million, Up 57.1% from 2006; Annual Production
of 80.3 MW of Solar Cells Represents a Year-over-Year Increase of 67.6%.
NANJING, China, March 26 /Xinhua-PRNewswire/ -- China Sunergy Co., Ltd. , ("China Sunergy" or the "Company") a specialized solar cell manufacturer based in Nanjing, China, announced today its financial results for the fourth quarter and full year 2007.
Fourth Quarter Financial Results
-- Revenues were US$71.5 million, representing a 1.1% increase compared
to the same period last year, and a 46.0% increase compared to the
previous quarter; core cell revenue increased 46.1% sequentially
from US$46.3 million to US$67.7 million.
-- Gross profit and gross margin were US$4.6 million and 6.4%,
respectively compared to US$1.0 million and 2.1% during the third
quarter of 2007.
-- Quarterly net loss was US$2.3 million, compared to a net loss of
US$4.4 million in the third quarter and a US$10.5 million net profit
for the fourth quarter of 2006.
-- GAAP basic and diluted net loss attributable to holders of ordinary
shares was US$0.06 per ADS in the fourth quarter compared to a net
loss per ADS of US$0.11 in the third quarter 2007.
-- Quarterly production of 22.3 megawatts ("MW") of solar cells
represented a 12.6% increase on a year-over-year basis and a 25.3%
increase sequentially.
-- Shipments amounted to approximately 23.2 MW, representing an 8.9%
increase year-over-year and a 39.8% increase sequentially.
Full Year Financial Results
-- Revenues were US$234.9 million, a 57.1% increase from US$149.5
million in 2006.
-- Gross profit of US$18.0 million, a decline from US$26.6 million in
2006, and gross margin of 7.7% compared to 17.8% in 2006.
-- Full year net loss was US$4.9 million, compared to net profit of
US$11.8 million in 2006, mainly due to lower gross margins in 2007.
-- GAAP basic and diluted net loss attributable to holders of ordinary
shares was $0.21 per ADS.
-- Full year production of 80.3 MW of solar cells represented a 67.6%
increase compared to 47.9 MW in 2006.
-- Shipments amounted to approximately 74.0 MW, representing a 59.5%
increase from 46.4MW in 2006.
Commenting on the quarter, Allen Wang, CEO of China Sunergy remarked:
"During the quarter we began commercial production of our selective emitter cells and increased production levels beyond what we had guided for in November. At the same time we expanded our presence in Europe by signing noteworthy sales agreements and opening an office in Munich. I have been pleased by the response many of our customers have shown towards our high efficiency cells and believe that these products will help drive revenue growth in Europe's new solar markets."
Fourth Quarter and Recent Operational Highlights:
-- Commercial mass production of high-efficiency selective emitter
cells ("SE") commenced in mid-November. A total of 2.4 MW was
produced with 0.8MW shipped during the fourth quarter.
-- Average SE cell efficiency continued to improve from 16.5% in the
third quarter to an average efficiency of 17.3% in the fourth
quarter. A maximum conversion efficiency of 18.2% was achieved on
pilot runs of selective emitter cells during November 2007.
-- The signing of the following agreements for 2008; a 30MW solar cell
agreement with aleo solar, a 25MW sales agreement with Canadian
Solar and a 10.2MW agreement with asola.
-- Revenue from overseas grew from 20.3% for the full-year 2006 to
35.7% for the full-year 2007.
-- In the quarter we began developing HP cells, a more efficient
version of our current P-type cells. The limited pilot run of 0.3 MW
in the fourth quarter achieved an average conversion efficiency rate
of over 17%, higher than the 16.1% achieved with P-type cells during
the same period.
"During 2008 we will focus on improving margins and profitability by deriving a greater proportion of overall revenues from our high efficiency solar cell products," continued Mr. Wang. "We remain confident that as we expand production of our SE and HP products, margins can improve further during the coming year. Our confidence in achieving this objective is based on strong indications of customer preference for our high-efficiency cells."
Key Sales Agreements
During the quarter, the Company recently signed significant sales contracts with:
-- aleo solar AG ("aleo"), a leading German solar module manufacturer,
to supply at least 30 MW of high quality silicon solar cells in 2008.
-- Canadian Solar Inc., a leading China-based module manufacturer, for
a total volume of 25MW of solar cells for delivery in 2008.
-- asola, a reputable German module manufacturing company to supply a
total volume of 10.2MW of solar cells during 2008.
Technological Developments
During the quarter the Company continued to make significant progress with the production of its high efficiency cell technology.
Average selective emitter efficiency continued to improve from 16.5% in the third quarter to 17.3% in the fourth quarter of 2007. A maximum conversion efficiency of 18.2% was achieved on pilot production runs during November 2007.
The Company is now enhancing its current P-type cell production facilities by converting existing lines to high-efficiency P-type (or "HP") lines. HP cells are a more efficient version of our standard P-type cells and achieve a higher conversion efficiency ratio as a result of an enhanced production process. HP cells of mono-crystalline 125 millimeter achieved an average conversion efficiency rate of over 17% on a 0.3 MW limited pilot run during the fourth quarter, and maximum conversion efficiency of 17.5%.
The development of the Company's patented N-type cells continues to move along smoothly. During 2008, China Sunergy intends to invest US$8 million in an R&D centre in Shanghai aimed at further developing N-type and other types of high efficiency cells. The center is expected to house 100 research employees. Construction of the center is scheduled to be completed by early 2009.
Fourth Quarter 2007 Financial and Business Review
Revenue, shipment and production
During the fourth quarter of 2007, revenues grew 1.1% on a year-over-year basis, and increased 46.0% compared to the previous quarter to US$71.5 million.
Sales from solar cells, polysilicon, and modules accounted for 94.7%, 1.0% and 4.3%, of total revenue respectively. Shipments, including 0.8MW for module sales, amounted to approximately 23.2 MW, compared to 21.3MW during the fourth quarter of 2006 and 16.6MW during the third quarter of 2007.
Revenue and Shipment Comparison between Q4 and Q3 2007
Q4 Q3
Value Value
Volume* (US$mm) Volume* (US$mm)
Core cell sales 22.4 67.7 16.2 46.3
Polysilicon sales 0.8 0.7 4.5 1.1
Module sales 0.8 3.1 0.4 1.5
* All volumes are expressed in MW except for Polysilicon sales expressed
in metric tons.
During the fourth quarter the Company increased its quarter-on-quarter sales of core cell products by 46.1% as compared to the previous quarter. The percentage of overall cell sales in overseas markets declined in percentage terms from 47.7% to 40.6% compared to the previous quarter, particularly in Europe where sales declined from 42.7% to 35.0% sequentially even though in absolute terms cell sales to Europe increased from 6.7 MW to 7.6 MW sequentially.
In terms of MW volumes, mono-crystalline 125-millimeter cells accounted for a proportion of overall production and cell sales at 57.1% and 57.5% (in terms of volume) respectively as we increased production and sale of multi- crystalline to cater for the increasing demands of European customers.
Gross profit, gross margin and Average Selling Price ("ASP")
Gross profit for the quarter was US$4.6 million, which led to a blended gross margin of 6.4%, up from 2.1% in the third quarter, as a result of the gross margin contribution from high efficiency cell products.
Margin Breakdown
Gross margin
Q4 Q3
Core cell sales 6.3% 1.5%
Polysilicon sales 12.2% 27.0%
Module sales 7.8% 0.8%
Blended 6.4% 2.1%
The sequential gross margin expansion on core cell sales from 1.5% to 6.3% was mainly attributed to higher ASP as a result of a greater proportion of sales coming from high-efficiency cells.
Blended ASP for the fourth quarter rose from US$2.85 per watt in the previous quarter to US$3.02 per watt due to strong product demand and the strengthening of the Renminbi.
Wafer costs continued to account for a large portion of overall manufacturing costs. In the fourth quarter, wafer costs rose to US$2.54 per watt compared to US$2.45 per watt in the third quarter. Wafer costs per watt as a percentage of total production costs per watt increased from 89.2% in the third quarter to 90.1% in the fourth quarter. Other production costs, which mainly consisted of other raw materials, labor, depreciation and utilities, were US$0.28 per watt and largely the same as the first three quarters of this year.
SG&A and net income
Our SG&A expenses increased from US$4.2 million to US$5.3 million sequentially mainly due to an increase in professional expenses.
Due primarily to higher gross margin, the Company reduced its sequential operating loss to US$1.2 million. This compares to an operating profit of US$11.4 million and an operating loss of US$3.6 million for the fourth quarter 2006 and third quarter of 2007, respectively.
With higher gross margin, the Company reduced its sequential net loss for the quarter to US$2.3 million.
Balance sheet
As of December 31, 2007, the Company had cash and cash equivalents of US$60.5 million. Net operating cash outflow for the fourth quarter was US$5.3 million. In the fourth quarter of 2007 depreciation was US$1.2 million and capital expenditures were US$7.0 million. The capital expenditures were related to prepayments made for equipment relating to the phase III expansion of our SE lines.
Full Year 2007 Financial and Business Review
Revenue, shipment and production
Revenues in 2007 grew 57.1% to US$234.9 million, compared to US$149.5 million in 2006.
Sales from solar cells, polysilicon, modules and OEM business during the year accounted for 87.0%, 9.9%, 2.5% and 0.6% of total revenue respectively. Shipments, including 1.6MW for module sales, amounted to approximately 74.0 MW, compared to 46.4MW during 2006.
Revenue and Shipment Comparison between 2007 and 2006
Year 2007 Year 2006
Value Value
Volume* (US$mm) Volume* (US$mm)
Core cell sales 70.0 204.3 46.4 147.7
OEM 2.4 1.5 -- --
Polysilicon sales 97.9 23.3 10.9 1.8
Module sales 1.6 5.8 -- --
* All volumes are expressed in MW except for Polysilicon sales expressed
in metric tons.
During 2007 the Company increased its sales of core cell products by 38.3% to US$204.3 million. The percentage of overall cell sales in overseas markets, particularly Europe, increased from 14.5% in 2006 to 38.3% in 2007, primarily driven by an overall strengthening of our European presence during 2007. The overall percentage of sales in the China market for 2007 was 64.3% compared to 79.7% in 2006.
In terms of MW volume, mono-crystalline 125-millimeter cells accounted for 71% and 78% of overall production and sales respectively.
Gross profit, gross margin and ASP
Gross profit for the year was US$18.0 million, a decline from US$26.6 million in 2006, and gross margin of 7.7% compared to 17.8% in 2006.
Margin Breakdown
Gross margin
2007 2006
Core cell sales 7.1% 17.2%
OEM 48.6% --
Polysilicon sales 11.1% 74.2%
Module sales 4.7% --
Blended 7.7% 17.8%
Blended ASP was US$2.92 per watt during 2007 compared to US$3.22 per watt during 2006.
Wafer costs continued to account for a large portion of overall manufacturing costs. In 2007, wafer costs rose to US$2.43 per watt compared to US$2.42 per watt in 2006. Wafer costs per watt as a percentage of total production costs per watt declined from 91.8% in 2006 to 89.9% in 2007 due to improvements in operational efficiency. Other production costs, which mainly consisted of; other raw materials, labor, depreciation and utilities, were US$0.28 per watt in 2007.
SG&A and net income
Our SG&A expenses were US$15.3 million for 2007, compared to US$10.9 million in 2006 mainly due to the expansion of the business and additional expenses relating to our operation as a public company after our initial public offering in May 2007.
The Company incurred an operating income of US$0.16 million for 2007. This compares to an operating profit of US$15.2 million in 2006. Full year net loss was US$4.9 million, compared to net profit of US$11.8 million in 2006, mainly due to lower gross margins in 2007. GAAP basic and diluted net loss attributable to holders of ordinary shares was US$0.21 per ADS in 2007 compared to a GAAP basic and diluted net loss of US$2.16 per ADS in 2006.
Balance sheet
As of December 31, 2007, the Company had cash and cash equivalents of US$60.5 million. Net operating cash outflow for 2007 was US$62.8 million. In 2007 depreciation was US$4.3 million and capital expenditures were US$16.8 million.
Commenting of the financial results, Kenneth Luk, CFO of China Sunergy, said:
"We intend to ensure that margin improvements translate into profitability during the coming year. Based on the margins we are achieving on our SE and HP type cells I believe that we will be able to achieve a blended gross margin of at least 7.5% during the first quarter of 2008. In addition, a core focus is on implementing strict cost control measures and better cash management to ensure that we are able to maximize internal cashflow and liquidity during 2008 and that at an operational level we should be cashflow positive during the first quarter of 2008."
Outlook
Given the success of our pilot HP cell production run, the company has decided to convert all of its four existing P-type lines to HP. This conversion will be completed by the end of the first half of 2008. In addition, all four of our new SE lines are expected to be in mass production during the fourth quarter of 2008. In the current pricing environment, we expect to achieve an additional margin improvement over traditional P-type cells of 8- 10% on HP cells, and 12% on SE cells.
As a result of the conversion of P-type production lines and a delay in the delivery of equipment required for SE production lines, as well as some impact from the bad weather we experienced during the first quarter, the Company is revising its 2008 production target to 125-145 MW with approximately 65 to 85 MW expected to come from high efficiency cell products (which we define as cells that yield a higher than 17% conversion efficiency rate). This is projected to comprise of approximately 25-35 MW of SE cells and 40-50 MW of HP cells.
The Company anticipates its gross margin for first quarter of 2008 to be between 7.5% and 8.5%.
Management Updates
During the quarter, China Sunergy announced that it appointed Mr. Kenneth Luk as its new Chief Financial Officer ("CFO") as of December 17th. Mr. Luk brings over 25 years experience in finance and accounting to China Sunergy, having previously worked at Motorola Semiconductors for 14 years and most recently for 3 years for Freescale Semiconductor. Mr. Luk began his career with HSBC, where he worked for 7 years as Resident Officer.
Additionally, as of March 24th, 2008 Mr. Guangyou Yin, a Director and Vice President of Operations has resigned to pursue other opportunities. There are no plans to fill the COO role at this time and a search for a new Board member is ongoing.
Quarterly Earnings Conference Call Details
China Sunergy's management team will host a conference call to discuss results from 4Q 2007 on Wednesday 26th March at 5:00 am (US Pacific Time)/8:00 am (US Eastern Time)/8:00 pm (Beijing/Hong Kong Time). A live audio webcast of the conference call will be available on China Sunergy's website at http://www.chinasunergy.comwww.chinasunergy.com/. To listen to the conference call, please use the dial in numbers below:
Dial-in numbers and pass code:
U.S. callers please dial: +1.866.831.6267
International callers please dial: +1.617.213.8857
Pass code: 73311295
A replay of the call will be available for one week following the call and can be accessed on the Company website or by dialing the numbers below:
U.S callers please dial: +1.888.286.8010
International callers please dial: +1.617.801.6888
Pass code: 80898447
About China Sunergy Co., Ltd.:
China Sunergy Co., Ltd. ("China Sunergy") is a leading manufacturer of solar cell products in China as measured by production capacity. China Sunergy manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect. China Sunergy sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble solar cells into solar modules and solar power systems for use in various markets. For more information please visit http://www.chinasunergy.com/
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the company's ability to raise additional capital to finance the company's activities; the effectiveness, profitability, and the marketability of its products; the future trading of the common stock of the company; the ability of the company to operate as a public company; the period of time for which its current liquidity will enable the company to fund its operations; the company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; the company's ability to attract or retain qualified senior management personnel and research and development staff; future shortage or availability of the supply of raw materials and other risks detailed in the company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
The following financial information is extracted from the Company's condensed consolidated financial statements for the respective periods.
China Sunergy Co., Ltd. Unaudited Condensed Consolidated Income Statement Information (In US$ '000, except share and per share data)
For the 3 Months Ended
Dec 31, Sep 30, Dec 31,
2007 2007 2007
Net sales 71,497 48,956 70,691
Cost of goods sold (66,888) (47,944) (56,255)
Gross profit 4,609 1,012 14,436
Operating expenses:
Selling expenses (571) (432) (552)
General and administrative expenses (4,771) (3,731) (2,107)
Research and development expenses (449) (446) (345)
Total operating expenses (5,791) (4,609) (3,004)
(Loss)/Income from operations (1,182) (3,597) 11,432
Interest expense (2,027) (2,047) (923)
Interest income 456 560 (27)
Other income/(expenses), net 32 524 (2)
(Loss)/Income before income tax (2,721) (4,560) 10,480
Income tax benefit 467 133 40
Net (loss)/income (2,254) (4,427) 10,520
Dividend on Series A redeemable
convertible preferred shares (13,206)
Dividend on Series B redeemable
convertible preferred shares (28,212)
Dividend on Series C redeemable
convertible preferred shares (7,091)
Net (loss)/income attributable to
ordinary shareholders (2,254) (4,427) (37,989)
Net (loss)/income per ADS
Basic $ (0.06) $ (0.11) $ (2.18)
Diluted $ (0.06) $ (0.11) $ (2.18)
Weighted average ADS outstanding
Basic 39,555,463 39,555,463 17,423,333
Diluted 395,554,633 39,555,463 17,423,333
China Sunergy Co., Ltd. Unaudited Condensed Consolidated Income Statement Information (In US$ '000, except share and per share data)
For the Year Ended
December 31
2007 2006
Net sales 234,908 149,521
Cost of goods sold (216,881) (122,889)
Gross profit 18,027 26,632
Operating expenses:
Selling expenses (1,644) (1,014)
General and administrative expenses (13,664) (9,901)
Research and development expenses (2,555) (546)
Total operating expenses (17,863) (11,461)
Income from operations 164 15,171
Interest expense (7,394) (3,002)
Interest income 1,577 420
Other income/(expenses), net 93 (845)
(Loss)/Income before income tax (5,560) 11,744
Income tax benefit 705 70
Net (loss)/income (4,855) 11,814
Dividend on Series A redeemable
convertible preferred shares (155) (13,377)
Dividend on Series B redeemable
convertible preferred shares (330) (28,552)
Dividend on Series C redeemable
convertible preferred shares (233) (7,097)
Net (loss)/income attributable to
ordinary shareholders (5,573) (37,212)
Net (loss)/income per ADS
Basic $ (0.21) $ (2.16)
Diluted $ (0.21) $ (2.16)
Weighted average ADS outstanding
Basic 30,860,960 17,263,863
Diluted 30,860,960 17,263,863
China Sunergy Co., Ltd. Unaudited Condensed Consolidated Balance Sheet Information (In US$ '000, except share and per share data)
Dec 31, Sep 30, Dec 31,
2007 2007 2006
Assets
Current Assets
Cash and cash equivalents 60,458 76,369 14,750
Restricted cash 23,473 26,837 4,952
Accounts Receivable (net) 26,817 25,961 43,048
Other receivable (net) 16,316 11,453 1,082
Inventories 56,092 58,435 44,331
Advance to suppliers 79,912 79,711 26,281
Amount due from related companies 2,112 2,275 1,977
Total current assets 265,180 281,041 136,421
Property, plant and equipment, net 52,929 45,517 38,730
Land use rights 2,179 2,191 1,026
Deferred tax assets 856 390 150
Total assets 321,144 329,139 176,327
Liabilities and shareholders' equity
Current liabilities
Short-term bank borrowings 121,841 122,291 69,263
Current portion of long-term
borrowings -- 8,674 8,674
Accounts payable 7,157 10,591 11,845
Advance from customers 4,893 1,965 950
Amount due to related companies 8 1,088 4
Deferred other income 815
Accrued expenses and other payables 2,582 2,072 1,526
Total liabilities 137,296 146,681 92,262
Series A redeemable convertible
preferred shares:
US$0.0001 par value; nil, nil and
128,473 shares authorized, issued and
outstanding as of December 31, 2007,
September 30, 2007 and December 31,
2006, respectively. 13,228
Series B redeemable convertible
preferred shares:
US$0.0001 par value; nil, nil and
239,051 shares authorized, issued and
outstanding as of December 31, 2007,
September 30, 2007 and December 31,
2006, respectively. 28,502
Series C redeemable convertible
preferred shares:
US$0.0001 par value; nil, nil and
69,010 shares authorized, issued and
outstanding as of December 31, 2007,
September 30, 2007 and December 31,
2006, respectively. 20,056
Shareholders' equity
Ordinary shares: US$0.0001 par value;
237,332,777 and 237,332,777
shares issued outstanding as of
September 30, 2007 and June 30,
2007, respectively 24 24 10
Additional paid-in capital 178,361 178,218 20,145
Retained earnings (4,854) (2,601) --
Accumulated other comprehensive income 10,317 6,817 2,124
Total shareholders' equity 183,848 182,458 84,065
Total liabilities and shareholders'
equity 321,144 329,139 176,327
For further information contact:
Financial Dynamics
Julian Wilson:
Email: julian.wilson@fd.com
Tel: +86-10-8591-1951
Peter Schmidt:
Email: peter.schmidt@fd.com
Tel: +86-10-8591-1953
China Sunergy Co., Ltd.
CONTACT: Julian Wilson of Financial Dynamics, +86-10-8591-1951, or julian.wilson@fd.com; Or Peter Schmidt, +86-10-8591-1953, or peter.schmidt@fd.com
Motorola Commences Process to Create Two Independent, Industry-Leading CompaniesSeparate Publicly-Traded Mobile Devices Business and Broadband & Mobility Solutions Business AnticipatedCompany to Host Conference Call Today at 8:30 am ET
SCHAUMBURG, Ill., March 26 /PRNewswire-FirstCall/ -- Motorola, Inc. today announced that the Company's Board of Directors has commenced a process to create two independent, publicly-traded companies. Today's decision follows the Company's January 31, 2008 announced evaluation of the structural and strategic realignment of its businesses and represents affirmative steps to position its Mobile Devices and Broadband & Mobility Solutions businesses for success, while creating value for all Motorola shareholders.
"Our decision to separate our Mobile Devices and Broadband & Mobility Solutions businesses follows a review process undertaken by our management team and Board of Directors, together with independent advisors," said Greg Brown, Motorola's president and chief executive officer. "Creating two industry-leading companies will provide improved flexibility, more tailored capital structures, and increased management focus - as well as more targeted investment opportunities for our shareholders."
Based on current plans, the creation of the two stand-alone businesses is expected to take the form of a tax-free distribution to Motorola's shareholders, subject to further financial, tax and legal analysis, resulting in shareholders holding shares of two independent and publicly-traded companies:
-- The Mobile Devices business is an industry leader in multi-mode,
multi-band communications products and technologies. The business
designs, manufactures and sells mobile handsets and accessories
globally with integrated software solutions that incorporate the
latest personal communications technologies. It also licenses a
portfolio of intellectual property.
-- The Broadband & Mobility Solutions business includes Motorola's
Enterprise Mobility, Government and Public Safety, and Home and
Networks businesses. These businesses manufacture, design, integrate,
and service voice and data communication solutions and wireless
broadband networks for enterprises and government and public safety
customers worldwide. These businesses also provide end-to-end digital
and Internet Protocol (IP) video solutions, cellular and high speed
broadband network infrastructure, cable set-top receivers, and
associated customer premise equipment for residential and commercial
wireless network system access.
"Our priorities have not changed with today's announcement," added Brown. "We remain committed to improving the performance of our Mobile Devices business by delivering compelling products that meet the needs of customers and consumers around the world. As part of that effort, we have undertaken a global search for a new chief executive officer for the Mobile Devices business. We believe strongly in our brand, our people and our intellectual property, and expect that the Mobile Devices business will be well-positioned to regain market leadership as a focused, independent company."
The completion of any separation transaction would be subject to certain customary conditions, including implementation of inter-company agreements, filing of required documents with the Securities and Exchange Commission and receipt of an opinion of counsel or a ruling from the Internal Revenue Service as to the tax-free nature of any transaction. The Company expects that the separation of its businesses, if consummated, would take place in 2009. The Company noted that there can be no assurance that any separation transaction will ultimately occur or, if one does occur, its terms or timing.
About Motorola
Motorola is known around the world for innovation in communications. The Company develops technologies, products and services that make mobile experiences possible. The Company's portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next-generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
Conference Call and Webcast
Motorola will host a conference call today March 26, beginning at 8:30 a.m. Eastern Time (USA) to discuss this press release. The conference call will be webcast live at http://www.motorola.com/investor.
Business Risks
This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to statements about: the separation of the Company into two independent publicly-traded companies, the nature and impact of such a separation and other possible actions related to the Company's businesses. Motorola cautions the reader that the risk factors below, as well as those on pages 18 through 27 in Item 1A of Motorola's 2007 Annual Report on Form 10-K and in its other filings with the Securities and Exchange Commission (SEC), could cause Motorola's actual results to differ materially from those estimated or predicted in the forward- looking statements. Factors that may impact forward-looking statements include, but are not limited to: market conditions in general and those applicable to possible alternatives for the businesses, and tax and regulatory matters. Motorola undertakes no obligation to publicly update any forward- looking statement or risk factor, whether as a result of new information, future events or otherwise.
Additional Information and Where to Find It
While Motorola does not believe that this communication constitutes solicitation material in respect of Motorola's solicitation of proxies in connection with its 2008 Annual Meeting of Stockholders, this communication may be deemed to be solicitation material. In connection with the solicitation of proxies, Motorola has filed with the SEC a preliminary proxy statement and will file a definitive proxy statement and other relevant documents concerning the proposals to be presented at the 2008 Annual Meeting of Stockholders. THE PROXY STATEMENT CONTAINS IMPORTANT INFORMATION ABOUT MOTOROLA AND THE 2008 ANNUAL MEETING OF STOCKHOLDERS. When filed, the definitive proxy statement will be available free of charge at the SEC's web site at http://www.sec.gov/ or from Motorola at http://www.motorola.com/. The contents of the websites referenced herein are not deemed to be incorporated by reference into the proxy statement.
Motorola and its directors and executive officers may be deemed to be participants in the solicitation of proxies in connection with the 2008 Annual
Meeting of Stockholders. Information regarding Motorola directors and executive officers will be included in the proxy statement.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO http://www.newscom.com/cgi-bin/prnh/20020415/MOTNOTAGLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Motorola, Inc.
CONTACT: Media, Jennifer Erickson, +1-847-435-5320, jennifer.erickson@motorola.com; or Investor Relations, Dean Lindroth, +1-847-576-6899, dean.lindroth@motorola.com, both of Motorola, Inc.
Web site: http://www.motorola.com/
Chrome(R) Systems Launches Spanish Version of New Vehicle Data Product
PORTLAND, Ore., March 26 /PRNewswire/ -- Chrome Systems Inc., a subsidiary of DealerTrack Holdings, Inc. and an industry leader in collecting, enhancing, and distributing best-in-class automotive data, today announced the availability of a Spanish version of its New Vehicle Data (NVD) for use in vehicle comparisons.
"The Hispanic population represents the nation's largest minority group, and we are pleased to provide a solution to help our customers meet the growing demand for Spanish language automotive websites and portals," said Peter Batten, General Manager of Chrome Systems. "Our new Spanish Language product makes it easy for web developers to create consumer-facing websites incorporating translated data descriptions, equipment and technical specifications, so users can make new vehicle comparisons entirely in Spanish."
Data products are the backbone of Chrome's product offerings, from the detailed and complete descriptive data for current new vehicles to VIN data, historical data, content, and interactive media. Chrome regularly tracks over 40 vehicle makes, and can provide as much or as little detail as users need. That could include only critical information such as engine size, type and fuel, or more esoteric details such as the number of cup holders and the full list of interior and exterior colors available, along with their ordering codes.
About Chrome (http://www.chrome.com/)
Chrome provides vehicle content, software, technology and services to deliver complete enterprise solutions to all segments of the automotive retail industry. Chrome pioneered the technology behind electronic vehicle configuration with the introduction of PC Carbook(R), and since 1986 has collected, analyzed and enhanced "raw" automotive data from all manufacturers. Chrome Systems Inc. is a subsidiary of DealerTrack Data Services, Inc., a DealerTrack Holdings, Inc. company .
Safe Harbor for Forward-Looking and Cautionary Statements
Statements in this press release regarding the benefits of Chrome's New Vehicle Data and all other statements in this release other than the recitation of historical facts are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of DealerTrack to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements.
Factors that might cause such a difference include: selling additional products and services to existing and new customers; Chrome's success in expanding its customer base and product and service offerings; and other risks listed in DealerTrack's reports filed with the SEC, including its 2007 Form 10-K. These filings can be found on DealerTrack's website at http://www.dealertrack.com/ and the SEC's website at http://www.sec.gov/. Forward-looking statements included herein speak only as of the date hereof and DealerTrack disclaims any obligation to revise or update such statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or circumstances.
TRAK-G
CONTACT:
Gary McKenzie
Chrome Systems
(866) 901-9784
gary.mckenzie@chrome.com
Stephanie Lowenthal
RF|Binder Partners
(212) 994-7619
stephanie.lowenthal@rfbinder.com
Chrome Systems Inc.
CONTACT: Gary McKenzie, Chrome Systems, 1-866-901-9784, gary.mckenzie@chrome.com; Stephanie Lowenthal, RF|Binder Partners, +1-212-994-7619, stephanie.lowenthal@rfbinder.com
Web site: http://www.chrome.com/ http://www.dealertrack.com/
Overland Storage Again Earns Prestigious Gold 5-Star Award From CMP Channel's VARBusiness for Channel Program ExcellenceOverland Maintains Highest Rating from Leading Technology Publication for its Comprehensive Storage Channel Partner Program
SAN DIEGO, March 26 /PRNewswire-FirstCall/ -- Overland Storage, Inc. today announced that CMP Channel's VARBusiness has recognized the company as one of the best information-technology (IT) vendors in North America for its Storage Partner Program. Overland was certified as a Gold 5-Star Overall Winner in VARBusiness' 2008 Partner Program Guide that acknowledges the commitment and strength of a vendor's partner programs for its Channel resellers, IT integrators and technology consultants.
Of the hundreds of vendor program entries reviewed for this year's guide, Overland Storage was one of only 10 Gold 5-Star Overall Winners chosen for the 14th annual VARBusiness Partner Programs Guide survey. The vendor programs considered for selection were reviewed and measured across six partner program categories, consisting of sales support, marketing support, partner profitability, channel operations, partner recruitment and communications. Overland received Silver 5-Star recognition in five of the six categories along with the overall Gold designation.
"The quality of a vendor's partner program reflects the true commitment they have to the thriving Solution Provider Channel, and this year's 5-Star Partner Programs Guide winners are the cream of the crop of Channel-friendly vendors," said Robert C. DeMarzo, vice president and editorial director, CMP Channel. The full results of this year's findings will be published in the upcoming annual VARBusiness Partner Program Guide issue, which will appear this month.
According to Vern LoForti, president and CEO of Overland Storage, the industry recognition from VARBusiness reinforces the company's continuing commitment to the ongoing success of its channel partners. "We strive daily to make sure our channel partners have all the ingredients they need to deliver optimal tiered data protection solutions to their customers," he says. "To receive this prestigious industry recognition again this year underscores Overland's untiring allegiance to our indirect sales model and to our branded sales channel, which we believe is one of our most valuable assets."
About VARBusiness Magazine
For the past 20 years, VARBusiness' strategic resources have been the gateway to the Solution Provider community. VARBusiness provides strategic insight for technology integrators through industry-defining research, in-depth editorial, channel events and innovative Web services, enabling these IT professionals to make educated decisions for their businesses, partnerships and customers. VARBusiness has been the recipient of numerous industry awards for both editorial content and design. Additional information about VARBusiness products, events and services, is available at its Web site, http://www.varbusiness.com/.
About Overland Storage
Now in its 27th year, Overland Storage is a market leader and innovative provider of smart, affordable data protection appliances that help midrange and distributed enterprises ensure business-critical data is constantly protected, readily available and always there. Overland's award-winning products include NEO SERIES(R) and ARCvault(TM) tape libraries, REO SERIES(R) disk-based appliances with Virtual Tape Library (VTL) capabilities and ULTAMUS(TM) RAID high-performance, high-density storage. Overland sells its products through leading OEMs, commercial distributors, storage integrators and value-added resellers. For more information, visit Overland's web site at http://www.overlandstorage.com/
Overland, Overland Storage, REO Series, REO, NEO Series, NEO, ARCvault Series, ARCvault and ULTAMUS are trademarks of Overland Storage, Inc.
Overland Storage, Inc.
CONTACT: Sue Hetzel of HetzelMeade Communications, +1-760-434-9927, sue@hetzelmeade.com, for Overland Storage, Inc.
Web site: http://www.overlandstorage.com/
Orangeburg Schools Implements High Speed Network to Create Dynamic Learning EnvironmentsConverged Networks Installs Extreme Networks Education Solution Enabling State-of-the-Art Communications and e-Learning
SANTA CLARA, Calif., March 26 /PRNewswire-FirstCall/ -- Extreme Networks, Inc. , and its Channel Partner Converged Networks, LLC of Charleston SC, today announced that its network solutions, including leading products, network design and ongoing maintenance expertise were selected by the Orangeburg Consolidated School District Four of S.C., where an advanced Ethernet network now supports ten separate school sites.
Today, the Orangeburg SD4 is excelling in providing its students with advanced communications and applications that allow for e-learning. The Orangeburg network was designed and installed to efficiently support the rapid growth of emerging multimedia and e-learning initiatives, and connect staff, students and visitors over the multiple campuses. In addition to providing speedy Internet access to each school in the district, classrooms are implementing advanced technology supporting 'class rooms of the future,' with wireless network connectivity to LCD televisions for a visually rich display system.
The network, built with Extreme Networks Summit(R) fixed switches, has the enterprise-class features and performance, centralized device management and protocol resiliency so that the district is ready to handle cutting-edge educational applications. Orangeburg District Four Schools are ready from the start to support convergence, and other bandwidth-sensitive applications and services that promote the latest and most advanced educational programs available.
"We are fully committed to providing our students, teachers and staff with a state-of-the-art network that supports high-bandwidth applications," said Randy Johnson, Technology Director for the Orangeburg Consolidated School District Four. "With the support of Converged Networks and Extreme Networks, the entire district now has an easy-to-manage, advanced network that enables us to live up to that commitment. The network provided by Extreme Networks, which is designed and installed by the experts from Converged Networks exceeds our current educational needs, and we are confident that it will continue to do so as the demands for technology grows."
To design and implement its new network, Orangeburg Consolidated School District Four worked with Converged Networks, a value-added reseller and communications systems integrator with deep experience designing, building, and maintaining full converged solutions for K-12 school districts and commercial businesses.
Working closely with Converged Networks, Orangeburg has implemented Extreme Networks Summit Gigabit and 10/100 fixed edge switches. Network management is centralized and monitored with Extreme Networks EPICenter(TM) management suite, a scalable full-featured network management platform capable of establishing and maintaining networks that are undergoing rapid change. Additionally, the open architecture of EPICenter accommodates a multi-vendor, service-rich environment to provide voice-class availability and the enforcement of complex security policies.
"We are pleased to partner with Extreme Networks to provide Orangeburg with its network, providing a superior learning experience to students and increased levels of efficiency for its staff," said Robert Thorn of Converged Networks. "We have combined the right technology for the needs of Orangeburg to build a highly available, feature-rich, and standards-based network which provides a boost to local education."
Extreme Networks, Inc.
Extreme Networks designs, builds, and installs Ethernet infrastructure solutions that solve the toughest business communications challenges. The Company's commitment to open networking sets it apart from the alternatives by delivering meaningful insight and unprecedented control to applications and services. Extreme Networks believes openness is the best foundation for growth, freedom, flexibility, and choice. Extreme Networks focuses on enterprises and service providers who demand high performance, converged networks that support voice, video and data, over a wired and wireless infrastructure. For more information, visit: http://www.extremenetworks.com/
Extreme Networks, EPICenter and Summit are either trademarks or registered trademarks of Extreme Networks in the United States and/or other countries.
Extreme Networks, Inc.
CONTACT: Greg Cross, Extreme Networks Public Relations, +1-408-579-3483, gcross@extremenetworks.com
Web site: http://www.extremenetworks.com/
CSC Signs Five-Year, Multimillion Dollar Enterprise Service Desk Contract With Eaton Corporation
EL SEGUNDO, Calif., March 26 /PRNewswire-FirstCall/ -- Computer Sciences Corporation today announced a five-year, multimillion dollar information technology (IT) services contract with Eaton Corporation. Under the agreement, CSC will provide service desk support for all of Eaton's worldwide locations.
CSC's Enterprise Service Desk solution offers customers seamless, global, multi-lingual support through the company's growing network of Enterprise Service Management centers. Designed to proactively enhance the quality of IT service CSC provides to its customers, these centers operate using cutting-edge technology and are compliant with ITIL standards and company and industry best practices in end-to-end service management.
"We are excited about utilizing CSC to support the role of our Information Technology team as a strategic partner in Eaton's continuing growth," said William W. Blausey Jr., Eaton vice president and chief information officer. "CSC's leadership in responding to and resolving incidents, reducing call volumes and providing global service desk support for our expanding worldwide locations were key contributors to CSC winning our business."
"We are extremely pleased that Eaton has chosen CSC and our Enterprise Service Desk solution to support their global business operations," said Richard Ricks, president of CSC's Global Outsourcing Services organization. "Through Project Accelerate, our strategic growth initiative, we are unifying global efforts to cultivate deeper manufacturing industry expertise and offer higher value solutions to our manufacturing customers. We are enthusiastic about adding this prestigious global company to our portfolio of clients."
About Eaton
Eaton Corporation is a diversified industrial manufacturer with 2007 sales of $13.0 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; fluid power systems and services for industrial, mobile and aircraft equipment; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has 70,000 employees and sells products to customers in more than 150 countries. For more information, visit http://www.eaton.com/.
About CSC
Computer Sciences Corporation is a leading IT services company. CSC's mission is to be a global leader in providing technology-enabled business solutions and services.
With approximately 91,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. CSC reported revenue of $16.1 billion for the 12 months ended Dec. 28, 2007. For more information, visit the company's Web site at http://www.csc.com/.
Computer Sciences Corporation
CONTACT: Janet Herin, Manager, Media Relations, Corporate, +1-310-615-1693, jherin@csc.com, or Bill Lackey, Director, Investor Relations, Corporate, +1-310-615-1700, blackey3@csc.com, both of Computer Sciences Corporation
Web site: http://www.csc.com/ http://www.eaton.com/
ProLogis Pre-Leases 186,000 Square Feet in China to Third-Party Logistics Provider Serving Samsung
TIANJIN, China, March 26 /PRNewswire-FirstCall/ -- ProLogis , the world's largest owner, manager and developer of distribution facilities, announced today that it has pre-leased 186,000 square feet of distribution space near Beijing to Jinji Total Logistics, a third-party logistics company and provider of services for Samsung, a global technology company, in China.
Jinji's lease is for space in a new, 437,000-square-foot facility under construction at ProLogis Park Xiqing in Tianjin, the sixth largest city in China and a growing industrial hub. Jinji will operate the facility as a domestic distribution center for Samsung, which has established one of its largest overseas manufacturing bases less than 2 kilometers from the new park. Construction of the building is scheduled for completion in early 2009.
Samsung is a multi-continent customer leasing more than 1.2 million square feet from ProLogis at locations in China and the United States.
"Tianjin is a major economic and industrial center in northern China," said Ming Mei, president for ProLogis in China. "Its proximity to the Tianjin Container Port, China's fifth largest container port by volume, and large local population has drawn the attention of leading logistics companies and customers with local and regional warehousing requirements. Demand for high-quality space continues to rise, and, in consideration of the park's strategic location and ProLogis' reputation for developing modern distribution facilities, we anticipate continued demand from the region's top domestic and multinational customers."
"Samsung continues to expand its investment in southern Tianjin and had an immediate need for warehousing space from which to serve local demand," said Hyun-duk Hong, president of Jinji Total Logistics. "As the provider of logistics services for the company, we required space that could facilitate the efficient distribution of product from their manufacturing plant nearby. ProLogis was able to meet our strategic facility needs and we appreciate their dedication to customer care."
ProLogis Park Xiqing is ProLogis' third distribution park in Tianjin. The site is located less than 15 kilometers from five major expressways, near the Tianjin International Airport, and is 30 kilometers from the Tianjin Container Port, reporting throughput of 5.95 million TEUs in 2006. The city is home to the China operations of more than 120 Global 500 companies, including Hyundai, Motorola, P&G, Samsung, Toshiba and Toyota. At full build-out, ProLogis Park Xinging will comprise two buildings totaling 874,000 square feet.
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2006 parent company sales of US$63.4 billion. The company employs approximately 138,000 people in 124 offices in 56 countries.
ProLogis is one of the leading providers of industrial distribution space in China with more than 11.3 million square feet (1.05 million square meters) in operation and another 11 million square feet under development at December 31, 2007. Major customers in China include adidas, Best Buy, DHL, L'Oreal, Menlo Worldwide, Nokia, NYK, Samsung, UPS and Yum! Brands.
About ProLogis
ProLogis is the world's largest owner, manager and developer of distribution facilities, with operations in 118 markets across North America, Europe and Asia. The company has $36.3 billion of assets owned, managed and under development, comprising 510.2 million square feet (47.4 million square meters) in 2,773 properties as of December 31, 2007. ProLogis' customers include manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. Headquartered in Denver, Colorado, ProLogis employs more than 1,500 people worldwide. For additional information about the company, go to http://www.prologis.com/.
ProLogis
CONTACT: media, Jessica Crow of ProLogis, +1-303-567-5137, jcrow@prologis.com; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc., +1-212-329-1420, sdawson@lakpr.com, for ProLogis; or investors, Melissa Marsden of ProLogis, +1-303-567-5622, mmarsden@prologis.com
Web site: http://www.prologis.com/
The9 Limited Announces Appointment of President
SHANGHAI, China, March 26 /Xinhua-PRNewswire/ -- The9 Limited ("The9"), a leading online game operator in China, today announced that it has appointed Ms. Xiaowei Chen as President of the company, effective May 16, 2008. Ms. Chen will be responsible for managing the company's operations and strategic development, and will report to Mr. Jun Zhu, The9's Chairman and Chief Executive Officer.
Prior to joining The9, Ms. Chen served as President of CDC Games and China.com. From August 2003 to June 2005, she was a consultant at McKinsey & Company, New York. Prior to that, Ms. Chen served as anchor and executive producer at China Central Television (CCTV), as well as an independent TV producer. In 2006, Ms. Chen was recognized as one of the outstanding female figures in China for her contributions to the Chinese economy. Ms. Chen received her Ph.D. in Molecular Genetics & Biochemistry from the University of Pittsburgh. She completed her undergraduate education at the University of Science & Technology of China.
Mr. Zhu commented: "We are pleased to have Xiaowei join our management team as President. Xiaowei brings a unique international background and global vision, rich management and strategic development experiences in the gaming industry, as well as her expertise in related industries such as media and entertainment, which are all very important elements to The9's future development. We believe the appointment of Xiaowei as President will be a strong addition to our management team and will lay a solid foundation for our further development."
About The9 Limited
The9 Limited is a leading online game operator in China. The9's business is primarily focused on operating and developing high-quality games for the Chinese online game market. The9 directly or through affiliates operates licensed MMORPGs, consisting of MU(R), Blizzard Entertainment(R)'s World of Warcraft(R), Soul of The Ultimate Nation(TM), Granado Espada, and its first proprietary MMORPG, Joyful Journey West(TM), in mainland China. It has also obtained exclusive licenses to operate additional MMORPGs and advanced casual games in mainland China, including Guild Wars, Hellgate: London, Ragnarok Online 2, Emil Chronicle Online, Huxley(TM), FIFA Online 2, Audition 2, Field of Honor and Audition. In addition, The9 is also developing two proprietary MMORPG games, Fantastic Melody Online(TM) and Warriors of Fate Online.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this press release contain forward-looking statements. The9 may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about The9's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, The9's limited operating history as an online game operator, political and economic policies of the Chinese government, the laws and regulations governing the online game industry, information disseminated over the Internet and Internet content providers in China, intensified government regulation of Internet cafes, The9's ability to retain existing players and attract new players, license, develop or acquire additional online games that are appealing to users, anticipate and adapt to changing consumer preferences and respond to competitive market conditions, and other risks and uncertainties outlined in The9's filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 20-F. The9 does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For further information, please contact:
Ms. Dahlia Wei
Senior Manager, Investor Relations
The9 Limited
Tel: +86-21-5172-9990
Email: IR@corp.the9.com
Website: http://www.corp.the9.com/
The9 Limited
CONTACT: Ms. Dahlia Wei, Senior Manager of Investor Relations, The9 Limited, +86-21-5172-9990, or IR@corp.the9.com
Web site: http://www.corp.the9.com/
Illinois Technology Association Appoints Steve Barnhart to Board of Directors
CHICAGO, March 26 /PRNewswire-FirstCall/ -- Orbitz Worldwide , a leading global online travel company, today announced the appointment of its CEO and president, Steve Barnhart, to the Board of Directors of the Illinois Technology Association (ITA).
Mr. Barnhart joins the board as a leader of one of the larger Midwestern technology organizations in Illinois. He has been with Chicago-based Orbitz Worldwide since May 2003.
"Orbitz Worldwide wants to demonstrate leadership in the community by helping to build a stronger, more connected technology industry in Chicago," said Steve Barnhart, CEO and president of Orbitz Worldwide. "I look forward to collaborating with other business leaders through the Illinois Technology Association as we build a competitive technology marketplace in this city."
"ITA is excited Steve Barnhart has joined the leadership of this association," said Fred Hoch, president of ITA. "His strong ties to the Chicago business community combined with his company's dedication to technology make him and Orbitz Worldwide an ideal addition to our board."
About Orbitz Worldwide
Orbitz Worldwide is a leading global online travel company that uses innovative technology to enable leisure and business travelers to research, plan and book a broad range of travel products. Orbitz Worldwide owns and operates a portfolio of consumer brands that includes Orbitz (http://www.orbitz.com/), CheapTickets (http://www.cheaptickets.com/), ebookers (http://www.ebookers.com/), discount hotels provider HotelClub (http://www.hotelclub.com/), late rate hotel specialists RatesToGo (http://www.ratestogo.com/) and the Away Network (http://www.away.com/) and corporate travel brand Orbitz for Business (http://www.orbitzforbusiness.com/). For more information on how your company can partner with Orbitz Worldwide, visit http://corp.orbitz.com/.
About the ITA
The Illinois Information Technology Association (ITA) was introduced in early 2005 to reflect the expanded scope and vision of the Chicago Software Association. The organization benefits its members by providing networking, advocacy, resources and leadership to drive growth, development and retention of IT-focused business and talent in Illinois. Providing a platform for industry collaboration, the ITA has more than 400 member companies and is the largest Midwest trade organization dedicated to fostering support for the IT industry. Additional information is available at http://www.illinoistech.org/
Orbitz Worldwide
CONTACT: Brian Hoyt of Orbitz Worldwide, +1-312-894-6890, bhoyt@orbitz.com
Web site: http://www.orbitz.com/ http://www.illinoistech.org/
The Allied Defense Group, Inc. Receives Foreign Weapons Service Contract for $5.5 MillionThe Company Continues To Successfully Diversify Its Products, Customers And Markets.
VIENNA, Va., March 26 /PRNewswire-FirstCall/ -- The Allied Defense Group, Inc. announces its wholly owned subsidiary, MECAR USA, has received a $5.5 million indefinite delivery/indefinite quantity (ID/IQ) service contract from the U.S. Army to provide weapons used by foreign military for U.S. military training purposes.
Major General (Ret) John J. Marcello, President and Chief Executive Officer of The Allied Defense Group said, "MECAR USA is growing rapidly. This small Texas facility had approximately $2M in sales in 2007 and has accumulated $12.5M in contracted backlog thus far in 2008. Increased sales and earnings are the direct results of two years of diligence and investment in our business development staff and processes.
"As a company, ADG has successfully implemented new business development initiatives, including strategic partnerships and teaming relationships, penetrated important new markets and expanded our traditional business, added new products and services to accumulate years of backlog. This was a result of our planned and designed expansion in business strategy to consciously grow our customers, markets and products.
"This contract represents an important step in the evolution of the MECAR USA business model. That model supplies our clients with materials, products and now services, which we can either manufacture or procure from an expanding network of reliable suppliers. We are able to diversify in this manner because of our unique knowledge of weapons, weapon systems, ammunitions, and associated military products, as well as specific knowledge of export regulations and international shipping."
About The Allied Defense Group, Inc.
The Allied Defense Group, Inc. is a diversified international defense and security firm which: develops and produces conventional ammunition marketed to defense departments worldwide; designs, produces and markets sophisticated electronic and microwave security systems principally for European and North American markets; manufactures battlefield effects simulators and other training devices for the military; and designs and produces state-of-the-art weather and navigation software, data, and systems for commercial and military customers.
For more information, please visit the Company web site:
http://www.allieddefensegroup.com/
Certain statements contained herein are "forward looking" statements as such term is defined in the Private Securities Litigation Reform Act of 1995. Because statements include risks and uncertainties, actual results may differ materially from those expressed or implied and include, but are not limited to, those discussed in filings by the Company with the Securities and Exchange Commission.
For More Information, Contact:
Jim Drewitz Investor Relations
830-669-2466
The Allied Defense Group, Inc.
CONTACT: Jim Drewitz, Investor Relations of The Allied Defense Group, Inc., +1-830-669-2466
Web site: http://www.allieddefensegroup.com/
Comarco Announces Finance Staff TransitionWinston Hickman Appointed Interim CFO
LAKE FOREST, Calif., March 26 /PRNewswire-FirstCall/ -- Comarco, Inc. today announced the appointment of Winston E. Hickman, 65, as Interim Chief Financial Officer. He replaces Daniel Lutz, former Executive Vice President and CFO, who has resigned from his position effective April 4, 2008 to pursue other interests. The Company also promoted Alisha Charlton, 38, to the position of Vice President and Corporate Controller. The Company intends to reports its financial results for the fourth quarter and full year ended January 31, 2008 during the week of April 14, 2008.
Mr. Hickman is a seasoned financial executive with over 30 years of experience in executive level financial positions, including CFO, for several public companies. Throughout his career, Mr. Hickman has served as the CFO of Ashworth, Inc., REMEC Inc., Paradigm Wireless Systems, Inc., Pacific Scientific Company and Amerinet Financial Systems. He also served as a senior financial executive at Allied Signal and Rockwell earlier in his career. He is currently a Board member and Chairman of the Audit Committee for SRS Labs, Inc. and since 1998 has been engaged as a business advisor to other companies on a selected basis. Mr. Hickman received his undergraduate degree from California State University, Long Beach and an MBA from the University of Southern California.
"We are very pleased that someone with Winston's experience and qualifications recognized the opportunities ahead for Comarco and was available to step in as CFO during this very exciting time for the Company," said Sam Inman, Interim President and CEO of Comarco. "I have known Winston for many years. He has strong operational and financial skills and an extensive background in mergers and acquisitions. The Company has initiated a search for a permanent CFO. In the interim, Winston will be able to step in and add value immediately, while playing a key role in helping the Company to maximize shareholder value as we evaluate the alternatives associated with non-strategic parts of our business."
"We are also happy to announce the well-deserved promotion of Alisha Charlton. During her seven years with Comarco, she has been a strong contributor to the accounting team and we look forward to working with her in her new position. On behalf of the Board of Directors, I would also like to thank Dan Lutz for his contributions during his tenure at Comarco and wish him the best of success with his future endeavors."
Mrs. Charlton joined Comarco as Assistant Controller in October 2000 and became Corporate Controller in May 2003. Before joining the Company, Mrs. Charlton held various accounting and finance positions with CKE Restaurants, Inc. from 1995 to 2000. Prior to CKE, Mrs. Charlton was a supervisor with KPMG Peat Marwick. She is also a Certified Public Accountant in the State of California. Mrs. Charlton graduated from the University of California at Santa Barbara with a B.A. in business economics.
About Comarco
Based in Lake Forest, Calif., Comarco is a leading provider of innovative mobile power solutions through its ChargeSource(TM) line of multi-function universal mobile power products which can simultaneously power and charge multiple devices such as notebook computers, mobile phones, iPods(R), and many other rechargeable mobile devices. Comarco is also a provider of wireless test solutions and wireless emergency call box systems. More information about Comarco's product lines can be found at http://www.comarco.com/ and http://www.chargesource.com/.
Comarco, Inc.
CONTACT: Doug Sherk, dsherk@evcgroup.com, or Jenifer Kirtland, jkirtland@evcgroup.com, both of EVC Group, for Comarco, Inc., +1-415-896-6820
Web site: http://www.comarco.com/
Pharsight to Present at B. Riley & Co. 9th Annual Las Vegas Investor Conference
MOUNTAIN VIEW, Calif., March 26 /PRNewswire-FirstCall/ -- Pharsight Corporation , a leading provider of software, strategic consulting, and regulatory services for optimizing clinical drug development announced today that it will be presenting at B. Riley & Co. 9th Annual Las Vegas Investor Conference on April 2, 2008 at the Palms Las Vegas. Shawn O'Connor, Pharsight's President and CEO, and William Frederick, Senior Vice President and CFO, will be presenting on April 2nd, at 1:30 p.m. PT.
Attendance at the conference is by invitation only. A live audio webcast of the presentation with slides will be broadcast via the Internet. The webcast can be viewed at the company's website under the investor relations section at http://www.pharsight.com/.
About Pharsight Corporation
Pharsight Corporation develops and markets integrated products and services that enable pharmaceutical and biotechnology companies to achieve significant and enduring improvements in the development and use of therapeutic products. Pharsight's goal is to help customers reduce the time, cost and risk of drug development, as well as optimize the post-approval marketing and use of pharmaceutical products.
Pharsight's approach enhances the fundamental element of drug development success: strong decision-making. By adopting the Pharsight approach, customers acquire a new decision-making process with the potential to systematically improve every level and phase of their business and scientific processes. Pharsight Corporation is headquartered in Mountain View, California. Information about Pharsight is available at http://www.pharsight.com/
Pharsight Corporation
CONTACT: Investors, Douglas Sherk, +1-415-896-6820, or Matthew Selinger, +1-415-896-6817, or Media, Steve DiMattia +1-646-201-5445, all of EVC Group, for Pharsight Corporation
Web site: http://www.pharsight.com/
PACT Displays Latest Technologies At WETEX Exhibition In Dubai
HONG KONG, March 26 /Xinhua-PRNewswire-FirstCall/ -- Euro Tech Holdings Company Limited today announced that its subsidiary, Pact Environmental Equipment Co. Ltd., (Pact) presented its environmental equipment and locally-applied engineering solutions at Water, Energy Technology & Environment Exhibition (WETEX) 2008 which was held from March 11th to March 13th 2008, at the Dubai International Convention & Exhibition Centre in Dubai, UAE.
WETEX 2008 is organized by the Dubai Electricity and Water Authority (DEWA), it holds the convergence of decision-makers, representatives from government organizations, policy markers, trade associations and chambers of commerce from all over the world.
During the exhibition, PACT highlighted its innovative package sewage treatment plant COMPACT(TM) MBR (Membrane BioReactor) and MBBR (Moving Bed Biofilm Reactor) systems as well as PACT's high efficiency belt filter presses, clarifiers, sludge scrapers and decanters. Among the PACT exhibits was a small scale representation of a wastewater treatment plant installed in Kuwait that incorporates components manufactured at PACT. The MBR is of particular interest in the Middle East due to scarcity of fresh water and demand for recycled water generated by the MBR.
The exhibition met PACT's goals in introducing PACT to thousands of prospects in the Middle East, North Africa and other visitors from Europe, USA and Asia who have presence in the Gulf states. Several serious inquiries were generated and currently being processed by PACT's proposal department.
About Pact:
PACT, based in Shanghai, is a global provider of environmental solutions for industrial and municipal clients, focusing on water and wastewater treatment. Pact's capabilities cover design, manufacturing, sourcing, installation and servicing of water/wastewater treatment, water desalination plants and equipment.
Certain statements in this news release regarding the Company's expectations, estimates, present view of circumstances or events, and statements containing words such as estimates, anticipates, intends, or expects, or words of similar import, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements indicate uncertainty and the Company can give no assurance with regard to actual outcomes. Specific risk factors may include, without limitation, having the Company's offices and operations situated in Hong Kong and China, doing business in China, competing with Chinese manufactured products, competing with the Company's own suppliers, dependence on vendors, and lack of long term written agreements with suppliers and customers, development of new products, entering new markets, possible downturns in business conditions, increased competition, loss of significant customers, availability of qualified personnel, negotiating definitive agreements, new marketing efforts and the timely development of resources. See the "Risk Factor" discussions in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F for its fiscal year ended December 31, 2006.
CONTACT:
Euro Tech Holdings Company Limited, Hong Kong
T.C. Leung, Chairman and CEO, or Jerry Wong, CFO
Tel: +852-2814-0311
Fax: +852-2873-4887
Website: http://www.euro-tech.com/
Pact's Website: http://www.pact-mfg.com/
http://www.pactchina.com/
Euro Tech Holdings Company Limited
CONTACT: T.C. Leung, or Jerry Wong, both of Euro Tech, +852-2814-0311, or fax, +852-2873-4887
Web site: http://www.euro-tech.com/ http://www.pact-mfg.com/ http://www.pactchina.com/
ViewCast Niagara GoStream Plus Chosen for Streaming Media Magazine 2008 Editors' Picks
PLANO, Texas, March 26 /PRNewswire-FirstCall/ -- Streaming Media magazine chose the ViewCast Niagara(R) GoStream(R) Plus portable streaming media encoder appliance for its 2008 Editors' Picks award. The annual Editors' Picks list (http://www.viewcast.com/download/2008EditorsPicks.pdf) showcases what their industry-savvy writers judge to be the "best products" in the industry. Powered by Osprey(R) technology, the Niagara GoStream and Niagara GoStream Plus have forged the way in the portable streaming appliance market, which ViewCast Corporation (BULLETIN BOARD: VCST) has significantly shaped.
Editor of Streaming Media magazine, Eric Schumacher-Rasmussen said: "ViewCast introduced the original Niagara GoStream in 2006, but it was such a hot ticket that our reviewer, Steve Mack, wasn't able to get his hands on it for review until our April/May 2007 issue. Steve called it both idiot-proof and bullet-proof, and praised both its rugged portability and the results he got encoding to Windows Media(R), RealVideo(R), and Adobe(R) Flash(R). By that time, though, ViewCast had introduced the Niagara GoStream Plus, which made a good thing even better by adding the ability to encode to multiple formats and resolutions simultaneously." MPEG-4 and Adobe Flash Live formats are also available on the Niagara GoStream Plus.
Niagara GoStream is a powerful, portable streaming media encoder product line designed to make capturing and streaming video a simple, effortless process. The appliance is created for video content providers seeking to reach broader audiences via the Internet through computers, portable laptops and cell phone devices.
Each of these delivery devices requires differing formats, bit rates and resolutions for an optimal viewing experience. That's what the Niagara encoders do best. Thanks to the empowering Osprey SimulStream(R) software, which comes standard on all Niagara encoders, multiple video streams can be configured in multiple formats, in multiple resolutions, at multiple bit rates -- all simultaneously.
ViewCast President and Chief Operating Officer, Dave Stoner commented: "These appliances are designed to provide the flexibility to stream live from a studio or on location where the action is. Therefore, they offer a great method for broadcasting late-breaking news from the field, live entertainment, government open meetings, mobile device delivery, corporate announcements, online training, webcasts, and more."
Streaming Media noted: "For additional simplicity, the Niagara GoStream products feature Niagara SCX(R) remote encoder management software, which utilizes a Web-based user interface for the creation and editing of custom encoding profiles, system configuration and alert logs. The software also allows users to remotely start and stop encoding sessions via IP network connectivity."
Another feature of this product family's user-friendliness is its three EZStream(R) buttons on the front panel, which allow users to select from pre-defined encoding profiles with the touch of a single button. From its front panel interface, the EASE menu system provides a complete set of controls for local, basic encode and setup, including live control of multiple encoder sessions and feedback on system performance, as well as direct access for system configuration.
Schumacher-Rasmussen added: "This is the fourth edition of our Streaming Media Editors' Picks, and it was harder than ever to settle on which of the multitude of new products -- and improvements to familiar ones -- merited a spot on this short list. We had no hard and fast criteria, since 'streaming media' is such a big tent these days. Rather, we tried to pick the best from a cross-section of entertainment and enterprise, deep technology and consumer gadget, and production and playback."
Stoner remarked: "We are very pleased that our Niagara GoStream product family was chosen for this prestigious award, because, as Eric states, the field is so broad and encompasses such a wide variety of solutions. This honor is a tribute to our Niagara GoStream product line's extreme versatility and ease of use."
About ViewCast Corporation
ViewCast, a pioneer in the Internet streaming industry, develops and markets products that prepare media content for live (streaming) and video-on-demand (VOD) delivery over IP and mobile networks. ViewCast products include the legendary Osprey(R) video capture cards and the award winning Niagara Pro and Niagara(R) GoStream(R) family of streaming encoders. ViewCast's user-friendly encoding and streaming hardware works in conjunction with Niagara SCX(R) management/control software and Niagara SCX SDK development software, allowing users to easily capture, process and deliver live audio/video content over the Internet. Osprey SimulStream(R), which comes standard on all Niagara encoders, enables multiple video streams to be configured in multiple formats, in multiple resolutions, at multiple bit rate speeds -- all simultaneously. This array of tools offers broadcasters, businesses, governments and other organizations the ability to expand their audience. http://www.viewcast.com/.
ViewCast, Osprey, Niagara, Niagara SCX, GoStream, SimulStream and EZStream are trademarks or registered trademarks of ViewCast Corporation or its subsidiaries. All other trademarks appearing herein are the property of their respective owners.
ViewCast Contact:
Mica Matlock
Director of Marketing
Tel: +1 (972) 488-7200
E-mail: micam@viewcast.com
PR Agency Contact:
David Netz
Wall Street Communications
Tel: +1 (303) 329-0359
E-mail: dave@wallstcom.com
Investor Contact:
Dan Matsui
Allen & Caron
Tel: +1 (949) 474-4300
E-mail: d.matsui@allencaron.com
ViewCast Corporation
CONTACT: Mica Matlock, Director of Marketing of ViewCast Corporation, +1-972-488-7200, micam@viewcast.com; or David Netz of Wall Street Communications, +1-303-329-0359, dave@wallstcom.com; or Investors, Dan Matsui of Allen & Caron, +1-949-474-4300, d.matsui@allencaron.com, both for ViewCast Corporation
Web site: http://www.viewcast.com/
ASE Test Limited & Subsidiaries Announce Unaudited Fourth Quarter and Audited Full Year Results for the Periods Ended December 31, 2007
TAIPEI, Taiwan, March 26 /Xinhua-PRNewswire-FirstCall/ -- ASE Test Limited today announced its diluted earnings under accounting principles generally accepted in the Republic of China ("ROC GAAP") and generally accepted accounting principles in the United States of America ("U.S. GAAP") for the fourth quarter and full year ended December 31, 2007.
The audited consolidated financial statements of ASE Test Limited and its subsidiaries for the fiscal years ended December 31, 2005, 2006 and 2007 will be included in the Scheme Document as an exhibit to the Amendment No. 3 to the Schedule 13E-3 to be filed jointly by ASE Test Limited and Advanced Semiconductor Engineering, Inc. on March 26, 2008.
About ASE Test Limited
ASE Test Limited is one of the world's largest independent providers of semiconductor testing services. ASE Test Limited provides customers with a complete range of semiconductor testing services, including front-end engineering testing, wafer probing, final production testing of packaged semiconductors and other test-related services. ASE Test Limited has been quoted on Nasdaq since 1996 under the symbol "ASTSF".
ASE Test Limited
Consolidated Statements of Income
(US$ thousands, except per share data)
For the three For the year
months ended
ended Dec. 31, 2007 Dec. 31, 2007
(Unaudited) (Audited)
ROC GAAP:
Net revenues 134,659 475,089
Cost of revenues 75,630 305,966
Gross profit 59,029 169,123
Operating expenses:
Selling, general and administrative 11,571 49,936
Research and development 5,116 19,262
Income from operations 42,342 99,925
Non-operating income (expense):
Interest income 800 3,342
Interest expense (1,172) (5,627)
Equity in earnings of equity method
investees 5,520 17,224
Gain on valuation of financial
assets, net 639 1,690
Loss on valuation of financial
liabilities, net (365) (2,424)
Foreign exchange loss, net (933) (318)
Other, net 935 12,194
Income before income tax 47,766 126,006
Income tax expense 12,722 37,531
Net income (ROC GAAP) 35,044 88,475
Net income (U.S. GAAP) 29,863 75,271
Earnings per share:
Basic (ROC GAAP) 0.35 0.88
Diluted (ROC GAAP) 0.34 0.86
Diluted (U.S. GAAP) 0.29 0.73
Shares used in earnings per share
calculation:
Basic (in thousands) 101,263 100,679
Diluted (ROC GAAP) (in thousands) 103,971 102,974
Diluted (U.S. GAAP) (in thousands) 103,744 102,908
ASE Test Limited
Consolidated Balance Sheet
(US$ thousands)
(Audited)
Dec. 31,
2007
Cash 143,308
Financial assets at fair value through profit or loss 46
Available-for-sale financial assets - current 149,840
Notes and accounts receivable, net 77,839
Receivables from related parties 22,458
Inventories, net 10,809
Deferred income tax assets, net 15,947
Prepayments and other 9,608
Total current assets 429,855
Long-term investments 301,345
Property, plant and equipment, net 366,752
Goodwill 20,646
Other 21,311
Total assets 1,139,909
Short-term borrowings 370
Financial liabilities at fair value through profit or
loss 116
Notes and accounts payable 14,617
Payable to related parties 6,179
Payable for property, plant and equipment 15,103
Current portion of long-term debts 19,639
Deferred income tax liabilities, net 3,745
Other current liabilities 39,849
Total current liabilities 99,618
Long-term debts 68,709
Deferred income tax liabilities 4,272
Other liabilities 10,828
Total liabilities 183,427
Shareholders' equity 956,482
Total liabilities and shareholders' equity 1,139,909
Media contact:
Ken Hsiang, Chief Financial Officer
Tel: +1-510-687-2475
Email: ken_hsiang@aseglobal.com
ASE Test Limited
CONTACT: Ken Hsiang, CFO of ASE Test, +1-510-687-2475, or ken_hsiang@aseglobal.com
Web site: http://www.asetest.com/
Erste Bank Extends its Cooperation With Misys Midas, Thus Underlining its International Businesses Expansion
LONDON, March 26 /PRNewswire-FirstCall/ -- Misys plc (FTSE: MSY.L), the global application software and services company, today announces that Erste Bank der oesterreichischen Sparkassen AG (Erste Bank) has chosen the core banking solution Misys Midas for all its international business operations having benefited from implementations in New York, London, Hong Kong and Malta for several years.
Robert Schneider, Head of Capital Markets at Erste Bank, comments: "The core banking system that we use across Erste Group is one of the decisive factors influencing the efficiency and professionalism of the business. Our international branch network and our customers all require modern, flexible and state-of-the-art technology, which can provide us with the continuity and stability we need. Misys' expertise in this area and its core banking solution, Misys Midas, more than satisfy our business needs."
Erste Bank serves 16.4 million customers in Central and Eastern Europe and has a clear focus on retail banking and financial services for small and medium-sized businesses. With its strong investments into the fastest-growing economies in Central and Eastern Europe in the past ten years, the bank is focusing strongly on ensuring operational efficiency is kept high while continuing to expand.
Claus Schuenemann, Head of Sales for Europe of Misys, adds, "Working with the world's leading banks for over a quarter of a century, Misys has developed an in-depth industry knowledge globally and a deep understanding of our customers' priorities. This experience has enabled us to work closely with Erste Bank to provide the bank with the right solution for their international branch banking network. We look forward to continuing to work alongside the team at Erste Bank and maintain a high level of service and support."
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks. In healthcare, Misys is a market leader, serving more than 100,000 physicians in 18,000 practice locations and 600 home care providers. Misys employs around 4,500 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.
About Erste Bank
Erste Bank was founded in 1819 as the first Austrian savings bank. Today, Erste Bank Group is with its almost 52,500 employees serving over 16 million clients in almost 3,000 branches in 8 countries one of the leading financial providers in Central and Eastern Europe. As of 31 December 2007 Erste Bank has reached 200.5 billion EUR total assets, net profit of EUR 1.174,7 million and ROE of 14.6 %.
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys Banking
+44(0)208-486-1661
edward.taylor@misys.com
http://www.misys.com/
Sebastian Mathews
Financial Dynamics
+44(0)207-269-7158
sebastian.mathews@fd.com
Misys plc
CONTACT: For further information please contact: Edward Taylor, Global Head of Public Relations, Misys Banking, +44(0)208-486-1661, edward.taylor@misys.com; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews@fd.com
VIASPACE Subsidiary Delivers Fuel Cell Cartridges and Valves to Samsung
PASADENA, Calif., March 26 /PRNewswire-FirstCall/ -- VIASPACE Inc. (http://www.viaspace.com/) (BULLETIN BOARD: VSPC) , announced today that its Direct Methanol Fuel Cell Corporation (DMFCC) (http://www.viaspace.com/dmfcc.php) division has successfully delivered sample methanol fuel cell cartridges and interface valves to Samsung SDI. The DMFCC cartridges and valves have been integrated with Samsung SDI fuel cells in a portable electronics application.
Samsung SDI Co. Ltd., a world leading Samsung subsidiary company, produces plasma and liquid crystal displays, rechargeable lithium-based batteries, and has publicly demonstrated a notebook computer powered by a direct methanol fuel cell instead of a battery. Details of the cartridges and valves and their applications are confidential, but Samsung has now allowed DMFCC to make this announcement. Interactions with Samsung are ongoing.
VIASPACE CEO Dr. Carl Kukkonen stated, "We are delighted that our cartridges and valves have been able to meet Samsung's initial requirements. This project involved extremely tight deadlines for several months, and I'm quite proud of our team for meeting these milestones and keeping Samsung's development project on schedule. I particularly want to thank our manufacturing partner, Sato Group of Japan, for their outstanding work."
"We are looking forward to taking the necessary additional steps with Samsung in order to bring a methanol fuel cell cartridge to market," added Kukkonen.
Direct Methanol Fuel Cell Corporation produces disposable fuel cartridges that provide the energy source for portable electronics powered by fuel cells.
About VIASPACE: Originally founded in 1998 with the objective of transforming proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions that solve today's complex problems, VIASPACE benefits from important patent and software licenses from Caltech, which manages NASA's Jet Propulsion Laboratory. For more information, please visit our website at http://www.viaspace.com/, or contact for Investor Relations, Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com.
This news release includes forward-looking statements. These forward-looking statements relate to future events or our future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Such factors include the risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-KSB, as amended, for the fiscal year ended December 31, 2006, and our Quarterly Report on Form 10-Q for the period ended September 30, 2007, as well as general economic and business conditions, the ability to acquire and develop specific projects and technologies, the ability to fund operations, changes in consumer and business consumption habits, and other factors over which VIASPACE has little or no control.
VIASPACE Inc.
CONTACT: Carl Kukkonen, +1-626-768-3360, or Investor Relations, Dr. Jan Vandersande, Director of Communications, 1-800-517-8050, IR@VIASPACE.com, both of VIASPACE Inc.
Web site: http://www.viaspace.com/
Erste Bank Extends its Cooperation With Misys Midas, Thus Underlining its International Businesses Expansion
LONDON, March 26 /PRNewswire/ -- Misys plc (FTSE: MSY.L), the global application software and services
company, today announces that Erste Bank der oesterreichischen Sparkassen AG
(Erste Bank) has chosen the core banking solution Misys Midas for all its
international business operations having benefited from implementations in
New York, London, Hong Kong and Malta for several years.
Robert Schneider, Head of Capital Markets at Erste Bank, comments: "The
core banking system that we use across Erste Group is one of the decisive
factors influencing the efficiency and professionalism of the business. Our
international branch network and our customers all require modern, flexible
and state-of-the-art technology, which can provide us with the continuity and
stability we need. Misys' expertise in this area and its core banking
solution, Misys Midas, more than satisfy our business needs."
Erste Bank serves 16.4 million customers in Central and Eastern Europe
and has a clear focus on retail banking and financial services for small and
medium-sized businesses. With its strong investments into the fastest-growing
economies in Central and Eastern Europe in the past ten years, the bank is
focusing strongly on ensuring operational efficiency is kept high while
continuing to expand.
Claus Schuenemann, Head of Sales for Europe of Misys, adds, "Working with
the world's leading banks for over a quarter of a century, Misys has
developed an in-depth industry knowledge globally and a deep understanding of
our customers' priorities. This experience has enabled us to work closely
with Erste Bank to provide the bank with the right solution for their
international branch banking network. We look forward to continuing to work
alongside the team at Erste Bank and maintain a high level of service and
support."
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions
that deliver significant results to organisations in the financial services
and healthcare industries. We maximise value for our customers by combining
our deep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, with
over 1,200 customers, including all of the world's top 50 banks. In
healthcare, Misys is a market leader, serving more than 100,000 physicians in
18,000 practice locations and 600 home care providers. Misys employs around
4,500 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and services
company, delivering results for the most important industries in the world.
About Erste Bank
Erste Bank was founded in 1819 as the first Austrian savings bank. Today,
Erste Bank Group is with its almost 52,500 employees serving over 16 million
clients in almost 3,000 branches in 8 countries one of the leading financial
providers in Central and Eastern Europe. As of 31 December 2007 Erste Bank
has reached 200.5 billion EUR total assets, net profit of EUR 1.174,7 million
and ROE of 14.6 %.
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys Banking
+44(0)208-486-1661
edward.taylor@misys.com
http://www.misys.com
Sebastian Mathews
Financial Dynamics
+44(0)207-269-7158
sebastian.mathews@fd.com
Misys plc
For further information please contact: Edward Taylor, Global Head of Public Relations, Misys Banking, +44(0)208-486-1661, edward.taylor@misys.com; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews@fd.com
ViewCast Niagara GoStream Plus Chosen for Streaming Media Magazine 2008 Editors' Picks
PLANO, Texas, March 26 /PRNewswire/ --
Streaming Media magazine chose the ViewCast Niagara(R) GoStream(R) Plus
portable streaming media encoder appliance for its 2008 Editors' Picks award.
The annual Editors' Picks list
(http://www.viewcast.com/download/2008EditorsPicks.pdf) showcases what their
industry-savvy writers judge to be the "best products" in the industry.
Powered by Osprey(R) technology, the Niagara GoStream and Niagara GoStream
Plus have forged the way in the portable streaming appliance market, which
ViewCast Corporation (OTC Bulletin Board: VCST) has significantly shaped.
Editor of Streaming Media magazine, Eric Schumacher-Rasmussen said:
"ViewCast introduced the original Niagara GoStream in 2006, but it was such a
hot ticket that our reviewer, Steve Mack, wasn't able to get his hands on it
for review until our April/May 2007 issue. Steve called it both idiot-proof
and bullet-proof, and praised both its rugged portability and the results he
got encoding to Windows Media(R), RealVideo(R), and Adobe(R) Flash(R). By
that time, though, ViewCast had introduced the Niagara GoStream Plus, which
made a good thing even better by adding the ability to encode to multiple
formats and resolutions simultaneously." MPEG-4 and Adobe Flash Live formats
are also available on the Niagara GoStream Plus.
Niagara GoStream is a powerful, portable streaming media encoder product
line designed to make capturing and streaming video a simple, effortless
process. The appliance is created for video content providers seeking to
reach broader audiences via the Internet through computers, portable laptops
and cell phone devices.
Each of these delivery devices requires differing formats, bit rates and
resolutions for an optimal viewing experience. That's what the Niagara
encoders do best. Thanks to the empowering Osprey SimulStream(R) software,
which comes standard on all Niagara encoders, multiple video streams can be
configured in multiple formats, in multiple resolutions, at multiple bit
rates -- all simultaneously.
ViewCast President and Chief Operating Officer, Dave Stoner commented:
"These appliances are designed to provide the flexibility to stream live from
a studio or on location where the action is. Therefore, they offer a great
method for broadcasting late-breaking news from the field, live
entertainment, government open meetings, mobile device delivery, corporate
announcements, online training, webcasts, and more."
Streaming Media noted: "For additional simplicity, the Niagara GoStream
products feature Niagara SCX(R) remote encoder management software, which
utilizes a Web-based user interface for the creation and editing of custom
encoding profiles, system configuration and alert logs. The software also
allows users to remotely start and stop encoding sessions via IP network
connectivity."
Another feature of this product family's user-friendliness is its three
EZStream(R) buttons on the front panel, which allow users to select from
pre-defined encoding profiles with the touch of a single button. From its
front panel interface, the EASE menu system provides a complete set of
controls for local, basic encode and setup, including live control of
multiple encoder sessions and feedback on system performance, as well as
direct access for system configuration.
Schumacher-Rasmussen added: "This is the fourth edition of our Streaming
Media Editors' Picks, and it was harder than ever to settle on which of the
multitude of new products -- and improvements to familiar ones -- merited a
spot on this short list. We had no hard and fast criteria, since 'streaming
media' is such a big tent these days. Rather, we tried to pick the best from
a cross-section of entertainment and enterprise, deep technology and consumer
gadget, and production and playback."
Stoner remarked: "We are very pleased that our Niagara GoStream product
family was chosen for this prestigious award, because, as Eric states, the
field is so broad and encompasses such a wide variety of solutions. This
honor is a tribute to our Niagara GoStream product line's extreme versatility
and ease of use."
About ViewCast Corporation
ViewCast, a pioneer in the Internet streaming industry, develops and
markets products that prepare media content for live (streaming) and
video-on-demand (VOD) delivery over IP and mobile networks. ViewCast
products include the legendary Osprey(R) video capture cards and the award
winning Niagara Pro and Niagara(R) GoStream(R) family of streaming encoders.
ViewCast's user-friendly encoding and streaming hardware works in conjunction
with Niagara SCX(R) management/control software and Niagara SCX SDK
development software, allowing users to easily capture, process and deliver
live audio/video content over the Internet. Osprey SimulStream(R), which
comes standard on all Niagara encoders, enables multiple video streams to be
configured in multiple formats, in multiple resolutions, at multiple bit rate
speeds -- all simultaneously. This array of tools offers broadcasters,
businesses, governments and other organizations the ability to expand their
audience. www.viewcast.com.
ViewCast, Osprey, Niagara, Niagara SCX, GoStream, SimulStream and
EZStream are trademarks or registered trademarks of ViewCast Corporation or
its subsidiaries. All other trademarks appearing herein are the property of
their respective owners.
ViewCast Contact:
Mica Matlock
Director of Marketing
Tel: +1-972-488-7200
E-mail: micam@viewcast.com
PR Agency Contact:
David Netz
Wall Street Communications
Tel: +1-303-329-0359
E-mail: dave@wallstcom.com
Investor Contact:
Dan Matsui
Allen & Caron
Tel: +1-949-474-4300
E-mail: d.matsui@allencaron.com
Web site: http://www.viewcast.com
ViewCast Corporation
Mica Matlock, Director of Marketing of ViewCast Corporation, +1-972-488-7200, micam@viewcast.com; or David Netz of Wall Street Communications, +1-303-329-0359, dave@wallstcom.com; or Investors, Dan Matsui of Allen & Caron, +1-949-474-4300, d.matsui@allencaron.com, both for ViewCast Corporation
China Mobile Group Guangdong Co., Ltd Builds Next-Generation Customer Unified Application Platform Using Radware SolutionLeading Chinese Mobile Operator Selects Radware to Ensure High Availability, Reliability, and Security for Key New Customer Platform
BEIJING, March 26 /PRNewswire-FirstCall/ -- Radware , the leading provider of integrated application delivery solutions for business-smart networking, announced today that China Mobile Group Guangdong Co., Ltd (Guangdong Mobile) has successfully deployed Radware's AppDirector in its Unified Application Platform (UAP) across 20 of its subsidiaries. This enables Guangdong Co. to better manage load balancing resulting in high availability, reliability and security for network applications so that users can enjoy higher quality services.
"Radware's AppDirector will improve the reliability of our UAP and ensures a 24 by 7 availability of network applications," said Wang Jun, Manager of IT management Department of Guangdong Mobile. "For example, AppDirector can allocate network capacity intelligently, as it is able to differentiate the network demands between server and external users effectively. Such functions ensure high availability and integrity of our network system while improving the capabilities of network applications and services. These are crucial to keep our new business operation effective and stable."
With more than 74 million customers, Guangdong Mobile executes an enterprise-wide information system computerization initiative as a strategy to transform its business and propel the company for development and growth. The UAP is, hence, launched to let users enjoy more convenience and professional services. From the UAP, all Guangdong Mobile users can log in to one platform via the internet to enjoy services, such as mobile business assistant services, voice mail alerts and call meetings. To support such a heavy load on the existing network, Guangdong Mobile chose Radware's AppDirector to create a resilient and high availability next generation customer platform.
AppDirector uses advanced Layer 4-7 policies with advanced health checking capability based on HTTP, WAS, and URL, and granular application intelligent to eliminate traffic surges, server bottlenecks, connectivity disconnects and downtime ensuring full application access, continuity and redundancy of Guangdong Mobile's platform.
"The mature and dynamic load balancing mechanism of Radware's AppDirector significantly increases the capability of the UAP of Guangdong Mobile," said Zhu Wei, General Manager of Radware South China. "The all-rounded advanced health checking capability and seamless interoperation of multiple hosts means that Guangdong Mobile's key businesses and databases on the UAP can enjoy the best performance and security protection, while a redundant back-up mechanism provides the mission-critical reliability for the telecommunication service provider."
About Radware
Radware , the global leader in integrated application delivery solutions, assures the full availability, maximum performance, and complete security of business-critical applications for more than 5,000 enterprises and carriers worldwide. With APSolute(TM), Radware's comprehensive and award-winning suite of intelligent front-end, access, and security products, companies in every industry can drive business productivity, improve profitability, and reduce IT operating and infrastructure costs by making their networks "business smart." For more information, please visit http://www.radware.com/.
About China Mobile Group Guangdong Co., Ltd
Guangdong Mobile Communication Corporation Limited (Guangdong Mobile), established in January 1998, is now a whole subsidiary of China Mobile HK holdings, which is listed both on the Hong Kong and New York Stock Exchanges. Guangdong Mobile is the biggest mobile communication operator in Guangdong province as well as the largest subsidiary company of China Mobile Group. With network across the whole Guangdong province, Guangdong Mobile had over 74 million mobile users by the end of October 2007.
This press release may contain forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the Application Switching or Network Security industry, changes in demand for Application Switching or Network Security products, the timing and amount or cancellation of orders and other risks detailed from time to time in Radware's filings with the Securities and Exchange Commission, including Radware's Form 20-F.
Media Relations:
Joyce Anne Shulman
+1-201-785-3209
joyceannes@radware.com
Radware Ltd
CONTACT: Media Relations: Joyce Anne Shulman, +1-201-785-3209, joyceannes@radware.com
DemandTec and Industry Leaders to Showcase Strategies and Best Practices for Consumer Demand Management at DemandBetter 2008
SAN CARLOS, Calif., March 26 /PRNewswire-FirstCall/ -- DemandTec, Inc. , a leading provider of on-demand software services for retailers and consumer products companies, today announced that executives from retail and consumer products companies, industry analysts, and solution providers from around the world will share strategies and best practices in Consumer Demand Management at DemandBetter 2008.
To be held from April 22-24 in San Francisco, DemandTec's sixth annual customer conference will feature in-depth solution, customer, partner, and analyst sessions to help retailer and manufacturer attendees better understand consumer behavior, use that understanding to optimize pricing, promotion, assortment, and other decisions, and collaborate to increase efficiency and effectiveness.
"DemandBetter provides an opportunity for leaders in our retailer and consumer products industry network to discuss innovative practices in using demand, consumer, and market intelligence to make more effective decisions and operate more efficiently. In the current challenging economic environment, DemandBetter participants will walk away with information and tools that will have an immediate, positive effect on their business," said Dan Fishback, CEO of DemandTec.
In addition to presentations by DemandTec product and service experts, DemandBetter 2008 will feature presentations by leading retailers and consumer products manufacturers including Ahold USA, Casino, BI-LO, Cadbury-Schweppes Americas Beverages, Kraft, and Tyson.
Additional sessions will be led by industry experts, including:
-- Dr. Brian Harris, founder and co-chairman of The Partnering Group,
speaking about how advanced analytics, consumer-centricity, and
collaboration are defining the next generation of category management
-- Hans Van Delden, Vice President at Booz Allen Hamilton, speaking about
"Shelf-Centered Collaboration"
-- Brian Ross, General Manager of Precima / Alliance Data Systems,
speaking on driving long-term profitable growth through customer-
centric merchandising and marketing
-- Scott Langdoc, Vice President, Research and Business Leader, Global
Retail Insights/ IDC, providing insights into the global retail
opportunity for demand intelligence
-- Mike Griswold and Lora Cecere, research directors from AMR Research,
highlighting technology trends and best practices in the retail and
consumer products industries, respectively.
For more information on DemandBetter 2008, please contact events@demandtec.com or visit http://www.demandtec.com/news/demand_better08.htm.
About DemandTec
DemandTec's on-demand software services empower retailers and consumer products companies to optimize strategic decisions and collaborate in order to achieve their revenue, profitability and sales volume objectives. DemandTec has managed more than one million trade promotion deals between retailers and their manufacturer partners. DemandTec customers include leading retailers such as Advance Auto Parts, Best Buy, Circle K Stores, Delhaize America, Giant-Carlisle, H-E-B Grocery Co., Monoprix and Safeway, as well as more than 100 consumer products companies. For more information, please visit http://www.demandtec.com/.
DemandTec Safe Harbor
This press release contains forward-looking statements regarding DemandTec's expectations, hopes, plans, intentions or strategies, including statements about the impact of DemandTec's solutions on customers' business. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties include those described in DemandTec's documents filed with or furnished to the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to DemandTec as of the date hereof, and DemandTec assumes no obligation to update these forward-looking statements.
DemandTec and the DemandTec logo are registered trademarks of DemandTec, Inc.
DemandTec, Inc.
CONTACT: Cassandra Moren of DemandTec, Inc., +1-650-226-4690, cassandra.moren@demandtec.com; or Michael Kern of ICR, +1-617-956-6731, michael.kern@icrinc.com, for DemandTec, Inc.
Web site: http://www.demandtec.com/
Intelenet Selects Verizon Business to Host and Manage Secure Portal for Exchange of Client InformationNew Portal Enhances Service for Global Business Process Outsourcing Provider
MUMBAI, India, March 25 /PRNewswire/ -- Intelenet Global Services, a leading provider of business process outsourcing services, has selected Verizon Business to develop, host and manage a secure portal for the exchange of information with clients, partners and vendors. The objective is to enhance the company's collaborative capabilities and improve business transaction efficiency.
Intelenet provides contact-center, finance, accounting and transaction processing services to Fortune 500 companies in the financial services, retail, insurance, telecom, manufacturing, travel and hospitality industries. The India-based company employs more than 25,000 people at 24 locations globally.
Intelenet's expanding business increased the number of users connecting to its systems, slowing file-transfer time, which affected customer service. The company therefore decided to develop a customized portal to facilitate high- speed file exchange in a secure environment. By outsourcing the work to Verizon Business' IP Application Hosting group, the new portal was developed faster and the enhanced services delivered more cost-effectively than if Intelenet had invested in additional in-house resources.
"The secure file-exchange portal has significantly improved file and information transfer speed, increasing our overall productivity and service levels," said Rajendra Deshpande, chief technology officer, Intelenet Global Services. "Importantly, the secure environment also helps to increase trust among our customers and partners throughout the transaction process. We were confident that Verizon Business would cost-effectively deliver exactly what we needed in both application development and hosting services at a reasonable cost, thanks to our long-standing relationship with the company. We were not disappointed."
John Samuel, president of Verizon Business India, said, "Intelenet's ability to interface effectively with its partners, vendors and customers is crucial to its business. Verizon Business' expertise in the development and delivery of hosted Web applications is empowering Intelenet to deliver enhanced customer service in a cost-efficient manner and therefore maintain its position in a competitive marketplace."
Verizon IP Application Hosting provides a comprehensive suite of managed service capabilities to support customers' Web-enabled business sites. Delivered from Verizon Business' global data centers, the services offer fast, reliable and scalable bandwidth capabilities coupled with secure hosting capabilities and round-the-clock support. Customers benefit from lower total cost of ownership as well as enhanced service level agreements and performance.
About Intelenet Global Services
Intelenet Global Services is a leading global third party BPO Company that delivers Business Process Outsourcing (BPO) services to Fortune 500 companies in the UK, USA, Australia and India. Its solutions extend across all strata of BPO, technology and consulting. The company is backed by Blackstone, a leading global private equity player.
About Verizon Business
Verizon Business, a unit of Verizon Communications , is a leading provider of advanced communications and information technology (IT) solutions to large-business and government customers worldwide. Combining unsurpassed global network reach with advanced communications, security and other professional service capabilities, Verizon Business delivers innovative and seamless business solutions to customers around the world. For more information, visit http://www.verizonbusiness.com/ .
Verizon Business
CONTACT: Janet Brumfield, +1-614-723-1060, Janet.brumfield@verizonbusiness.com, or Jo Perrin, +44-770-252-5868, jo.perrin@verizonbusiness.com, both of Verizon Business
Web site: http://www.verizonbusiness.com/
Company News On-Call: http://www.prnewswire.com/comp/618232.html
Intelenet Selects Verizon Business to Host and Manage Secure Portal for Exchange of Client Information
MUMBAI, India, March 26 /PRNewswire/ --
- New Portal Enhances Service for Global Business Process Outsourcing
Provider
Intelenet Global Services, a leading provider of business process
outsourcing services, has selected Verizon Business to develop, host and
manage a secure portal for the exchange of information with clients, partners
and vendors. The objective is to enhance the company's collaborative
capabilities and improve business transaction efficiency.
Intelenet provides contact-center, finance, accounting and transaction
processing services to Fortune 500 companies in the financial services,
retail, insurance, telecom, manufacturing, travel and hospitality industries.
The India-based company employs more than 25,000 people at 24 locations
globally.
Intelenet's expanding business increased the number of users connecting
to its systems, slowing file-transfer time, which affected customer service.
The company therefore decided to develop a customised portal to facilitate
high-speed file exchange in a secure environment. By outsourcing the work to
Verizon Business' IP Application Hosting group, the new portal was developed
faster and the enhanced services delivered more cost-effectively than if
Intelenet had invested in additional in-house resources.
"The secure file-exchange portal has significantly improved file and
information transfer speed, increasing our overall productivity and service
levels," said Rajendra Deshpande, chief technology officer, Intelenet Global
Services. "Importantly, the secure environment also helps to increase trust
among our customers and partners throughout the transaction process. We were
confident that Verizon Business would cost-effectively deliver exactly what
we needed in both application development and hosting services at a
reasonable cost, thanks to our long-standing relationship with the company.
We were not disappointed."
John Samuel, president of Verizon Business India, said, "Intelenet's
ability to interface effectively with its partners, vendors and customers is
crucial to its business. Verizon Business' expertise in the development and
delivery of hosted Web applications is empowering Intelenet to deliver
enhanced customer service in a cost-efficient manner and therefore maintain
its position in a competitive marketplace."
Verizon IP Application Hosting provides a comprehensive suite of managed
service capabilities to support customers' Web-enabled business sites.
Delivered from Verizon Business' global data centers, the services offer
fast, reliable and scalable bandwidth capabilities coupled with secure
hosting capabilities and round-the-clock support. Customers benefit from
lower total cost of ownership as well as enhanced service level agreements
and performance.
About Intelenet Global Services
Intelenet Global Services is a leading global third party BPO Company
that delivers Business Process Outsourcing (BPO) services to Fortune 500
companies in the UK, USA, Australia and India. Its solutions extend across
all strata of BPO, technology and consulting. The company is backed by
Blackstone, a leading global private equity player.
About Verizon Business
Verizon Business, a unit of Verizon Communications (NYSE: VZ), is a
leading provider of advanced communications and information technology (IT)
solutions to large-business and government customers worldwide. Combining
unsurpassed global network reach with advanced communications, security and
other professional service capabilities, Verizon Business delivers innovative
and seamless business solutions to customers around the world. For more
information, visit www.verizonbusiness.com.
Web site: http://www.verizonbusiness.com
Verizon Business
Jo Perrin of Verizon Business, +44-770-252-5868, jo.perrin@verizonbusiness.com ; Company News On-Call: http://www.prnewswire.com/comp/094251.html
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