Companies news of 2008-04-03 (page 4)
Spansion Announces 65nm Sampling of MirrorBit(R) Eclipse(TM) Flash Memory Solutions for...
Endeavors Application Jukebox Hits the Streets
Alesayi attribue à ACS un contrat visant à fournir une expertise automatisée de gestion du...
AltiGen(R) Communications Announces AltiWare 5.2 With Enhanced Scalability and Multi-Site...
CACI Awarded Prime Contract on $1 Billion, Multiple-Award Program With Defense...
Comcast Unleashes New 50/5 Mbps Extreme High-Speed Internet Service Using DOCSIS 3.0...
Industry Survey Finds MicroStrategy Customers Analyzed Largest Data VolumesSeventh...
Logility Voyager Solutions(TM) Further Green Supply Chain Initiatives
Embarq Corporation Provides Details for First Quarter 2008 Earnings Release and Conference...
With OutStart, Cummins Powers the Exchange of Two Kinds of Knowledge
Alliance Data Completes Renewal of Final Portion of $2.7 Billion Financing Goal
Careful Planning, Communication Critical in Selecting Managed Network Service Provider,...
MEMC Provides First Quarter Update
Home of Free HD: Now Even More High Definition Channels and Enhanced HDTV coming to New...
VoiceXML Forum Certifies Verizon Business' Hosted Interactive Voice Response...
EDS Acquires UK-based Vistorm Holdings, a Leading Information Security Services...
China Public Security Technology, Inc. Closes the Acquisition of Wuda Geoinformatics Co.,...
Turkey Selects Trimble to Build a Nationwide GNSS Infrastructure Network
Shanda Announces Key Executive Appointments
VisionChina to Report First Quarter 2008 Financial Results on April 24, 2008
Shanda Announces Departure of President Jun Tang
Presstek Announces Fourth Quarter 2007 Financial Results
Home & Garden Advertisers Tap Into 9.4 Million Monthly Unique Users at Move(R)Site...
XsunX Announces Selection of Facility for its New Thin Film Solar Module Manufacturing...
Oracle Prices $5 Billion of Investment Grade Notes
Alesayi Awards ACS Contract to Provide Automated Traffic Management Expertise for Kingdom...
Lottomatica Subsidiary GTECH Corporation to Acquire St Enodoc Holdings Limited, the Owner...
Alesayi Awards ACS Contract to Provide Automated Traffic Management Expertise for Kingdom...
Middle East Operator Uses Comptel Dynamic OSS for Data Retention
Middle East Operator Uses Comptel Dynamic OSS for Data Retention
Spansion Announces 65nm Sampling of MirrorBit(R) Eclipse(TM) Flash Memory Solutions for Wireless Handsets
SUNNYVALE, Calif., April 3, 2008 /PRNewswire-FirstCall/ -- Spansion Inc. , the world's largest pure-play provider of Flash memory solutions, today announced that it is sampling its 65nm MirrorBit(R) Eclipse(TM) Flash memory solutions for wireless handsets to strategic OEM customers. Combining the high random access performance of standard NOR Flash, and industry leading programming performance of the MirrorBit Eclipse architecture, MirrorBit Eclipse architecture-based MCPs offer exceptional user experience in mid- to high-end mobile phone platforms. Production in volume is planned at Spansion's new flagship 300mm SP1 fab in Japan in the second half of 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060118/SFW077LOGO)
With the increase in digital content on phones and multimedia portable devices, such as pictures, music and video, MirrorBit Eclipse architecture-based memory solutions can enable improved user experience, such as fast application loading, shortened boot times, as well as fast image storage and retrieval. Based on 2-bit per cell MirrorBit technology, these solutions have the ability to run code at the high speed of traditional NOR, while moving multimedia at very fast rates.
"Compatibility with existing platforms for device manufacturers reduces time to market for new handsets," said Alan Niebel, analyst, Web-Feet Research. "Solutions such as MirrorBit Eclipse MCPs provide greater flexibility for handset OEMs to reduce costs, and enable faster programming and produce innovative feature phones more quickly."
In addition, the eXecute-In-Place (XIP) interface provides direct access to code and data in the non-volatile memory, and allows handset OEMs to save 20 percent or more on their handset memory subsystem bill of materials costs by reducing the system DRAM footprint used for code shadowing, while experiencing greater design flexibility.
"The introduction of the 65nm MirrorBit Eclipse family marks an important technology milestone for Spansion, and is one of the first products out of our 300mm leading-edge fab, SP1 in Japan," said Ahmed Nawaz, executive vice president, Wireless Solutions Division at Spansion. "MirrorBit Eclipse strengthens our product family offering, enabling code and data storage on the same die, giving handset OEMs significant cost savings and improved performance, including high-speed programming, low power, high density and fast application switching."
Additionally, MirrorBit Eclipse solutions integrate a programmable microcontroller, which replaces the conventional state machine typically used in Flash memory and also supports built-in self test (BIST). Specifically designed to reduce costs associated with testing, BIST reduces both the test cycle duration and the complexity of the test set-up, which directly reduces the need for automated test equipment (ATE).
About Spansion
Spansion is a leading Flash memory solutions provider, dedicated to enabling, storing and protecting digital content in wireless, automotive, networking and consumer electronics applications. Spansion, previously a joint venture of AMD and Fujitsu, is the largest company in the world dedicated exclusively to designing, developing, manufacturing, marketing and selling Flash memory solutions. For more information, visit http://www.spansion.com/.
Cautionary Statement
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding plans to produce in volume 65nm MirrorBit(R) Eclipse(TM) Flash memory solutions at the company's 300mm SP1 fab in the second half of 2008, the expectation of enabling OEMs to save 20 percent or more on their handset memory subsystem bill of materials costs by reducing their system DRAM footprint, the anticipation that MirrorBit Eclipse will strengthen our product family offering, enable code and data storage on the same die, and provide handset OEMs significant cost savings and improved performance, and the expectation that MirrorBit Eclipse will reduce costs associated with testing, test cycle duration and the complexity of the test set-up, thereby reducing the need for automated test equipment. Investors are cautioned that the forward-looking statements in this release involve risks and uncertainties that could cause actual results to differ materially from the company's current expectations. The company urges investors to review in detail the risks and uncertainties in the company's Securities and Exchange Commission filings, including but not limited to the company's Annual Report on Form 10-K for the fiscal year ended December 30, 2007. The company assumes no obligation to update any forward-looking statements or information included in this press release.
Spansion(R), the Spansion Logo(R) , MirrorBit(R), MirrorBit(R) Eclipse(TM), ORNAND(TM), ORNAND2(TM), HD-SIM(TM) and combinations thereof, are trademarks of Spansion LLC. Spansion, the Spansion Logo and MirrorBit are registered in the US and other countries. Other names used are for informational purposes only and may be trademarks of their respective owners.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060118/SFW077LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Spansion Inc.
CONTACT: Press, Courtney Brigham, +1-408-616-5056, or Investors, Russ Barck, +1-408-616-8025, both of Spansion Inc.
Web site: http://www.spansion.com/
Endeavors Application Jukebox Hits the Streets
IRVINE, California and LONDON, April 3 /PRNewswire/ --
Endeavors Technologies, the pioneer in application streaming and
virtualization technology, and its parent company, Tadpole Technology plc,
today announced the immediate availability of Application Jukebox Enterprise
Edition and Application Jukebox SaaS Edition. Application Jukebox is the
next-generation application virtualization and streaming solution that
provides a highly flexible and secure platform for on-demand application
delivery.
The two versions of Application Jukebox available today include
Endeavors' unique, fully-configurable virtualization that provides
administrators with the flexibility to publish applications in fully isolated
(sandboxed) mode, fully integrated mode, or any combination between the two
options. Application Jukebox SaaS Edition features usage metering and a kiosk
mode to support a pay-as-you-go model for application rental, plus portals
that provide an easy-to-use environment for service providers and ISVs to
create a custom application landing site. Application Jukebox Enterprise
Edition supports Active Directory and offers user and group monitoring, as
well as extensive tracking and support for cost-effective license management.
"We performed extensive testing of the beta version of Application
Jukebox and are extremely impressed and excited with the product," said Ty
Schwab, CEO/CTO at Blackhawk Technology Consulting. "The studio component of
Application Jukebox allowed us to easily package Microsoft Office 2007
Enterprise and subsequently stream the application to a laptop in less than
12 seconds, which is very positive from a usability perspective. We are also
impressed by the licensing model and reporting, which we found significantly
more robust and reliable than what is offered in the new versions of SoftGrid
and AppStream products."
"We have seen a great deal of interest in Application Jukebox from
current and prospective customers," said Peter Bondar, CEO at Endeavors
Technologies. "We are excited by the positive feedback from participants in
our beta program and believe this will continue to grow as customers now
begin deploying Application Jukebox."
About Application Jukebox
The Application Jukebox family of products contain three key components.
Application Jukebox Player sits on the client to create the virtual
application environment and provides user authentication and application
license enforcement. Application Jukebox Server controls and delivers
applications, provides usage monitoring and logging, plus group, user and
application level administration. Application Jukebox Studio allows ISVs and
IT administrators to create a streamable, virtualized "appset" from standard,
Windows-based applications that is then published to the server.
About Endeavors Technologies
Endeavors Technologies creates, develops and markets innovative
application virtualization and streaming technologies that allow servers to
stream pc-based applications to client computers where they are subsequently
executed. These "next stage" technologies replace thin client computing
paradigms. Application virtualization and streaming enables organizations to
reduce the total cost of ownership while improving service levels,
simplifying the management of computers and improving security and
reliability. This innovative application distribution methodology provides
companies with new revenue opportunities while reducing IT costs and
increasing user productivity. Endeavors Technologies is a pioneer and thought
leader with eight patents granted and 25 pending, including the first patents
granted for streaming applications. Endeavors Technologies provides its
solutions through licensing, royalty and technology transfer models. Visit
http://www.endeavors.com for more details.
About Tadpole Technology plc
Tadpole Technology plc (LSE: TAD) is a company in transition. The company
was formed in 1983 as a developer and manufacturer of high performance
portable workstations. In 2003, Tadpole transitioned to a software group
focused on two sectors; geospatial solutions and system level software
technologies. In mid 2007, Tadpole made a strategic decision to focus
exclusively on the application streaming and virtualization marketplace and
in November 2007 announced the sale of its geospatial interests. The company
established Endeavors Technologies Ltd. as its European trading arm,
complementing the existing Endeavors Technologies Inc. in the US. Subject to
shareholder approval, Tadpole Technology plc intends to rebrand itself under
the Endeavors' name to reflect its focus on a single brand and product set.
For information on Tadpole Technology plc, visit
http://www.tadpoletechnology.com
Web site: http://www.endeavors.com
Endeavors Technologies
Jan Tarzia of Endeavors Technologies Inc, +1-949-296-3998, jtarzia@endeavors.com, or Peter Bondar of Endeavors Technologies Ltd, +44-1845501202, pbondar@endeavors.com
Alesayi attribue à ACS un contrat visant à fournir une expertise automatisée de gestion du trafic dans le royaume d'Arabie Saoudite
DALLAS, April 3 /PRNewswire/ --
- Un programme visionnaire sera la stratégie nationale la plus
sophistiquée au monde concernant la gestion du trafic
Une utilisation innovante de la technologie de gestion automatisée du
trafic améliorera la sécurité et réduira les encombrements dans toute
l'Arabie Saoudite grâce à un programme, premier en son genre, parrainé par le
Ministère de l'intérieur du royaume. Dans le cadre du programme, Affiliated
Computer Services, Inc. (NYSE: ACS) s'est vu attribuer un contrat par la
société saoudienne Omar K. Alesayi Communications and Space Services Company
Ltd. (Alesayi) afin de mettre en oeuvre le projet.
Alesayi s'est vu attribuer un contrat pour la mise en oeuvre et la
gestion du programme Automatic Traffic Violations Administering and
Monitoring (ATVAM) pour la région centrale du royaume, laquelle comprend la
ville de Riyadh et la région d'Al-Qassim. La mise en oeuvre durera deux ans,
au cours desquels ACS fournira des services d'intégration de système et de
gestion de projet pour superviser et coordonner toutes les activités et tous
les fournisseurs du projet.
Ce programme visionnaire de gestion du trafic est le plus important au
monde en son genre. Il est destiné à aider le royaume à réduire le nombre de
morts et de blessés sur les routes en modifiant le comportement des
conducteurs. Le programme ATVAM comporte des systèmes photographiques
sophistiqués destinés à l'application de la loi ainsi que des systèmes de
gestion du trafic et de la sécurité dans tout le royaume. Les amendes pour
excès de vitesse et refus d'arrêt à un feu rouge financeront le projet.
<< Nous avons choisi ACS pour ce programme innovant suite à son
expérience considérable dans les déploiements de technologie de transport
complexe, les systèmes photographiques d'application de la loi et l'important
volume de traitement des infractions >>, a déclaré Mohammed Omar Alesayi,
président et directeur général du Omar Kassem Alesayi Group. << Nous
souhaitons la bienvenue à ACS au sein de notre équipe qui offrira la solution
la plus complète au monde en matière de gestion de trafic du pays et nous
sommes impatients de procéder à sa mise en oeuvre en douceur sous la
supervision d'ACS. >>
En tant qu'intégrateur des systèmes, ACS se chargera du déploiement des
technologies d'infrastructure du trafic qui comprennent les systèmes
d'application de la loi, les centres de gestion du trafic et les centres de
commandement et de contrôle.
<< ACS possède une profonde expérience de nombreuses technologies de
trafic automatisées qui seront nécessaires sur ce projet complexe >>, a
affirmé Michael Huerta, directeur général des solutions de transport à ACS.
<< Notre partenariat avec Alesayi améliorera l'infrastructure routière du
royaume, ce qui entraînera une amélioration de la sécurité publique ainsi
qu'une diminution des encombrements. >>
ACS est l'un des principaux fournisseurs de services de transport aux
gouvernements du monde entier. Les solutions de transport d'ACS, qui
assistent les agences gouvernementales dans plus de 30 pays, répondent à
leurs défis grâce à des services d'encaissement de recettes et de conformité
aux réglementations. Nos solutions de pointe dans ce secteur comprennent des
services télépéage, de collecte des frais de transports publics et de parcs
de stationnement, de mesures de photographie de sécurité publique,
d'accréditation de véhicules commerciaux, de collecte et de traitement
d'infractions au code de la route et dans les parcs de stationnement ainsi
que de gestion de ports.
Alesayi est un membre du Omar Kassem Alesayi Group (OKAG), travaillant
essentiellement dans le secteur des technologies de l'information. Il s'agit
de l'une des plus importantes sociétés saoudiennes des technologies de
l'information. Ses solutions technologiques sont présentes dans différents
domaines. La société a récemment participé à des solutions commerciales pour
différents ministères du gouvernement d'Arabie Saoudite. Depuis ses débuts,
la société a toujours été reconnue comme un pionnier de l'introduction de
nouvelles technologies et solutions dans le Royaume, loin devant ses
concurrents (aussi bien locaux qu'internationaux). Découvrez davantage
d'informations concernant Alesayi en accédant à http://www.acssco.com.
ACS, une société du classement Global FORTUNE 500 avec 62 000 personnes,
gérant des opérations clients touchant plus de 100 pays, offre des solutions
informatiques et d'externalisation de processus d'affaires à des clients
commerciaux et gouvernementaux de niveau mondial. Les actions ordinaires de
catégorie A de la société s'échangent à la bourse de New York sous le symbole
<< ACS >>. Découvrez davantage d'informations concernant ACS en accédant à
http://www.acs-inc.com.
Les déclarations de ce communiqué de presse qui ne sont pas directement
en rapport avec des faits historiques constituent des << déclarations de
nature prévisionnelle >> conformément au Private Securities Litigation Reform
Act de 1995. Ces déclarations sont soumises à des risques et incertitudes
dont beaucoup sont hors du contrôle de la Société. De fait, il n'y a aucune
garantie que les événements et résultats actuels ne soient pas matériellement
différents des résultats escomptés mentionnés dans les déclarations de nature
prévisionnelle. Divers facteurs pourraient être à l'origine de différences
matérielles par rapport auxdites déclarations de nature prévisionnelles. Pour
obtenir une description de ces facteurs, consultez les dossiers précédents de
la Société auprès de la Commission des Opérations de Bourse, y compris notre
dossier le plus récent. ACS décline toute intention ou obligation
d'actualiser ou de revoir les énoncés prospectifs, suite à de nouvelles
informations, perspectives futures ou autres.
Site Web : http://www.acs-inc.com
Affiliated Computer Services, Inc.
Relations avec les investisseurs, Jon Puckett, vice président, Relations avec les investisseurs, au +1-214-841-8281, jon.puckett@acs-inc.com, ou pour les médias, Andy Wilson, directeur, Communication d'entreprise, au +1-214-841-8004, andy.wilson@acs-inc.com, tous deux de Affiliated Computer Services, Inc.
AltiGen(R) Communications Announces AltiWare 5.2 With Enhanced Scalability and Multi-Site Management Capabilities- Extends Support to 5,000 Users and 100 Sites -
FREMONT, Calif., April 3, 2008 /PRNewswire-FirstCall/ -- AltiGen(R) Communications, Inc. , a leading provider of VoIP business telephone systems and unified communications solutions for small-to-medium businesses (SMBs), including companies with multiple distributed locations, released new system software, AltiWare 5.2, that enhances AltiGen's award-winning VoIP business telephone systems capabilities, including increased support from 5 to 5,000 users and up to 100 locations per enterprise.
"AltiWare 5.2 significantly increases the scalability of AltiGen phone systems," said Jerry Fleming, president and COO. "We are committed to providing our customers the highest levels of satisfaction while continuing to achieve our goal of enhancing and extending our product line. We believe our expanded scalability and multi-site integration provides us with a market advantage which will drive additional orders and attract new customers."
"Using our capacity to support multiple locations, we take advantage of advanced new system and increased VoIP capabilities to enable a new set of business improvements for companies looking to maximize communications effectiveness, and reduce costs and maintenance required by multiple sites," said Jimmin Yao, vice president of product management at AltiGen.
As part of AltiGen's commitment to delivering world class Unified Communications solutions, AltiWare 5.2 updates the Enterprise Manager application, AltiGen's administration tool designed to help customers configure and synchronize several distributed AltiGen VoIP phone systems from a single location, with support for enhanced functionality:
-- Global Unified Extension Presence allows users to see the current
status of an extension located anywhere in the enterprise
environment -- remote or local.
-- Global Intercom extends AltiGen's paging and intercom capabilities
allowing users to hands-free page phone system extensions located in
any company location.
In addition to the Enterprise Manager enhancements, AltiWare 5.2 also offers software enhancements in the following areas:
-- 3rd party SIP device support
-- Enhanced multi-site Super Queue / ACD functionality
-- Extended Auto Attendant capabilities
AltiWare 5.2 is available through AltiGen's Authorized Partner Channel.
About AltiGen Communications
AltiGen Communications, Inc. is a leading provider of VoIP business phone systems and Microsoft-based unified communications solutions for small-to-medium businesses (SMBs), including companies with multiple distributed locations, branch offices and call centers. AltiGen's scalable, integrated, and easy to manage all-in-one unified communications solutions enable an array of applications like standards based SIP VoIP phones and servers, unified messaging, voicemail, call recording, conferencing, call activity reporting and mobility solutions that leverage both the Internet and the public telephone network to take advantage of the convergence of voice and data communications. AltiGen's systems are designed with an open architecture and are built on an industry standard platform. This adherence to widely used standards allows products to integrate with and leverage the existing technology investment of partners and customers. For more information, call 1-888-ALTIGEN or visit the website at http://www.altigen.com/.
AltiGen Communications, Inc.
CONTACT: Niel Levonius, Sr. Product Marketing Manager of AltiGen Communications, Inc., +1-510-252-9712, ext. 415, nlevonius@altigen.com; or investors, Christiane Pelz of Lippert | Heilshorn & Associates, +1-415-433-3777, ext. 110, cpelz@lhai.com, for AltiGen Communications, Inc.
Web site: http://www.altigen.com/
CACI Awarded Prime Contract on $1 Billion, Multiple-Award Program With Defense Intelligence AgencyCompany to Support Intelligence Analysis Program That Collects, Disseminates, and Analyzes Intelligence for Department of Defense
ARLINGTON, Va., April 3, 2008 /PRNewswire-FirstCall/ -- CACI International Inc announced today that it has been awarded a prime contract to support the multiple-award Solutions for Intelligence Analysis (SIA) program with the Defense Intelligence Agency (DIA). CACI received one of eight prime awards. The SIA program has a total estimated ceiling value of $1 billion. The five-year indefinite delivery/indefinite quantity task order contract was awarded to CACI for a one-year base and a four-year option period. The new work expands CACI's business in the critical military intelligence analysis arena managed by the DIA and executed by regional and functional combatant commanders.
The SIA program will provide the Department of Defense Intelligence Community with a responsive, efficient, and reliable means to satisfy requirements for intelligence analysis and related services. Services will meet the full range of defense intelligence requirements in 29 functional mission areas, including global and regional terrorism, WMD programs and proliferation, counterintelligence, strategy and doctrine, and joint force requirements. It will streamline the procurement process for contract intelligence analysis services across the intelligence analysis cycle, including collaboration and dissemination of finished intelligence products to DoD policymakers, combatant commands, and warfighters aloft, afloat, and in the field.
CACI provides solutions that optimize intelligence capabilities, using the deep expertise and experience required to design and implement sophisticated information architectures and knowledge management solutions for the Intelligence Community. The company's end-to-end intelligence capabilities and services encompass the entire life-cycle management of data -- from sensor to exploitation, to conversion into knowledge, and timely delivery to decision-makers.
According to Bill Fairl, CACI's President of U.S. Operations, "The Solutions for Intelligence Analysis award with the Defense Intelligence Agency is a very important, strategic win for CACI. We're confident we have the resources, people, and partners in place to make a major contribution to the intelligence missions at the DIA and the throughout the DoD Intelligence Community."
CACI President and CEO Paul Cofoni said, "This new work with the Defense Intelligence Agency to help collect and streamline the flow of intelligence from all sources to in-theater warfighters provides the ideal platform for CACI to grow our significant intelligence business. Our ongoing strategy is to provide high-value solutions at the critical nexus of intelligence and security. We're proud to be able to help our nation meet its national security priorities."
CACI International Inc provides the IT and network solutions needed to prevail in today's new era of national security, intelligence, and e-government. From systems integration and managed network solutions to knowledge management, engineering, simulation, and information assurance, we deliver the IT applications and infrastructures our federal customers use to improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. Our solutions lead the transformation of national security and intelligence, assure homeland security, enhance decision-making, and help government to work smarter, faster, and more responsively. CACI is a member of the Fortune 1000 Largest Companies of 2007 and the Russell 2000 index. CACI provides dynamic careers for approximately 11,800 employees working in over 120 offices in the U.S. and Europe. CACI is the IT provider for a networked world. Visit CACI on the web at http://www.caci.com/.
There are statements made herein which do not address historical facts and, therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the following: regional and national economic conditions in the United States and the United Kingdom, including conditions that result from terrorist activities or war; failure to achieve contract awards in connection with recompetes for present business and/or competition for new business; the risks and uncertainties associated with client interest in and purchases of new products and/or services; continued funding of U.S. Government or other public sector projects in the event of a priority need for funds, such as homeland security, the war on terrorism or rebuilding Iraq; government contract procurement (such as bid protest, small business set asides, etc.) and termination risks; the results of government investigations into allegations of improper actions related to the provision of services in support of U.S. military operations in Iraq; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and/or competition to hire and retain employees (particularly those with security clearances); material changes in laws or regulations applicable to our businesses, particularly in connection with (i) government contracts for services, (ii) outsourcing of activities that have been performed by the government, and (iii) competition for task orders under Government Wide Acquisition Contracts ("GWACs") and/or schedule contracts with the General Services Administration; our own ability to achieve the objectives of near term or long range business plans; and other risks described in the company's Securities and Exchange Commission filings.
For investor information contact: For other information contact:
David Dragics, Jody Brown,
Senior Vice President, Executive Vice President,
Investor Relations Public Relations
(866) 606-3471, (703) 841-7801,
ddragics@caci.com jbrown@caci.com
CACI International Inc
CONTACT: Investor Relations, David Dragics, Senior Vice President, +1-866-606-3471, ddragics@caci.com, Public Relations, Jody Brown, Executive Vice President, +1-703-841-7801, jbrown@caci.com, both of CACI International Inc
Web site: http://www.caci.com/
Comcast Unleashes New 50/5 Mbps Extreme High-Speed Internet Service Using DOCSIS 3.0 Technology in the Twin CitiesMinneapolis and St. Paul Markets First to Showcase Power of Wideband and Unveil a New Generation of Speed Enhancements for Consumers
MINNEAPOLIS, ST. PAUL, Minn. and PHILADELPHIA, April 3, 2008
/PRNewswire/ -- Comcast, the nation's leading provider of entertainment, information and communications products and services, today unveiled a new extreme high-speed Internet service in its first DOCSIS 3.0, or wideband, market in the Twin Cities region. For the first time, Comcast is offering residents and businesses one of the fastest broadband services available in the U.S. today: up to 50 Megabits per second (Mbps) downloads and 5 Mbps uploads.
The new speed tier option is a demonstration of Comcast's first deployment of next-gen DOCSIS 3.0 (Data Over Cable Service Interface Specifications) technology, which sets a new standard for delivering high-speed Internet service across fiber-optic cable networks. Comcast expects to deliver even faster speeds of up to 100 Mbps to its customers over the next two years with the capability of delivering higher speeds of 160 Mbps or more in the future.
"This announcement marks the beginning of the evolution from broadband to wideband," said Mitch Bowling, Senior Vice President and General Manager of Comcast High-Speed Internet, Comcast Cable. "Wideband is the future and it's coming fast. We believe wideband will usher-in a new era of speed and Internet innovation for today's digital consumers."
Comcast is rolling out these extreme speeds in the Twin Cities region beginning today. With download speeds of up to 50 Mbps and upload speeds of up to 5 Mbps, customers will be able to download movies, music and television shows, as well as upload digital photographs faster than ever. For example, Comcast customers using the 50 Mbps service could download a 4 GB HD movie in about 10 minutes. To download the same file on Qwest's 1.5 Mbps DSL service would take more than 6 hours. Even on Qwest's fastest 7 Mbps DSL service, the file would take more than an hour to download. The new 50 Mbps / 5 Mbps speed tier will be offered at $149.95 per month.
"As Minnesota's leading broadband provider, we're thrilled to be offering this exciting new option for high-speed Internet customers," said Bill Wright, Vice President, Comcast Twin Cities Region. "This is nothing less than a watershed moment for the future of this region. Today's announcement emphasizes our commitment to help keep the Twin Cities and Minnesota on the cutting edge of new technology."
More Speed -- Same Price
Coupled with the new extreme tier offering, Comcast High-Speed Internet residential customers in the Twin Cities region will also enjoy increased upload speeds on their existing services for no additional cost. Comcast will nearly triple the upload speed of its 6 Mbps / 384 Kbps Performance tier to 6 Mbps / 1 Mbps and more than double the upload speed of its 8 Mbps / 768 Kbps Performance Plus tier to 8 Mbps / 2 Mbps. In addition, with Comcast's PowerBoost(TM) technology, customers are able to enjoy even faster speeds of up to 12 Mbps downloads and 2 Mbps uploads on the Performance tier and 16 Mbps downloads on the Performance Plus tier for files like videos, games, music and digital photographs.
These announcements propel the Twin Cities region into one of the most advanced high-speed Internet communities in the nation and showcase the power of Comcast's advanced digital, high-capacity fiber-optic network. Comcast has invested hundreds of millions of dollars in the Twin Cities to create an advanced fiber-optic network that is flexible, scalable and ready to expand into the future. The result is an unmatched consumer and business experience that will continue to converge video, high-speed Internet and digital phone services with future applications like Universal Caller ID to the TV and PC, viewable voice mail and the ability to program DVRs remotely.
About Comcast
Comcast Corporation (http://www.comcast.com/) is the nation's leading provider of entertainment, information and communications products and services. With 24.1 million cable customers, 13.2 million high-speed Internet customers, and 4.6 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.
Comcast's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, VERSUS, G4, PBS KIDS Sprout, TV One, ten Comcast SportsNet networks and Comcast Interactive Media, which develops and operates Comcast's Internet business. Comcast also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia.
Comcast
CONTACT: National, Charlie Douglas, +1-215-286-3353, charlie_douglas@comcast.com, or Twin Cities Region, Mary Beth Schubert, +1-651-222-3333, marybeth_schubert@cable.comcast.com, both of Comcast
Web site: http://www.comcast.com/
Industry Survey Finds MicroStrategy Customers Analyzed Largest Data VolumesSeventh Consecutive Year MicroStrategy Ranks #1 in Data Volumes
MCLEAN, Va., April 3, 2008 /PRNewswire-FirstCall/ -- MicroStrategy(R) Incorporated , a leading worldwide provider of business intelligence software, today announced that The BI Survey 7, a leading independent survey of the business intelligence (BI) software market, has recognized the large data handling capabilities of MicroStrategy's software. For the seventh consecutive year, MicroStrategy customers reported the largest data volumes, as compared to customers of other business intelligence products, including BusinessObjects and Cognos.
The BI Survey 7, conducted annually by independent analyst Nigel Pendse, compiled real-world BI experiences of some 1,900 organizations and found that MicroStrategy customers accessed the largest data volumes by a significant margin. MicroStrategy customers are accessing a median of 258 Gigabytes (GB) in this latest survey. These median data volumes are larger, by more than a factor of 3, than that of customers of SAP BW, the second-place product, and larger, by a factor of 258, than that of customers of Cognos Analysis.
Median Reported Data Input Volumes of Peer Group
BI Vendor Input Data Volume (GB)
MicroStrategy 257.8
SAP BW 83.3
BusinessObjects 79.2
Cognos Reporting 26.0
Hyperion Essbase 4.2
Crystal Reports 2.7
Cognos Analysis 1.0
"MicroStrategy continues to be the clear leader in the enterprise-scale BI segment, with seven consecutive years of MicroStrategy sites reporting by far the largest data volumes of all vendors surveyed," said Nigel Pendse, author of The BI Survey 7. "Despite most vendors claiming to be able to handle large, detailed applications, it is clear that only MicroStrategy's customers are actually implementing such transaction-level BI databases."
Cube-based OLAP products, such as those employed by certain Hyperion and Cognos products, inherently limit the data that can be analyzed. These products are optimized for analysis of summary level or small volumes of data, but are not suitable for transaction-level BI applications. In contrast, MicroStrategy's proprietary Relational OLAP (ROLAP) technology allows interactive analysis of terabyte-sized relational databases.
"MicroStrategy is known for its data scalability and we are pleased that The BI Survey 7 has once again confirmed that our customers analyzed the largest amounts of data," said Sanju Bansal, MicroStrategy's COO. "MicroStrategy's ROLAP technology delivers advanced query performance for the terabyte-sized data warehouses that are becoming more commonplace, enabling customers to efficiently access large data volumes to improve business performance."
MicroStrategy will host a one-hour Webcast, "Selecting BI Technology for Enterprise Success - Lessons Learned from over 1,800 Companies' Experiences," on April 24, 2008, featuring Nigel Pendse and findings from The BI Survey 7. To register for the Webcast, visit: http://www.microstrategy.com/BISelectionWebcast.
To view a summary of The BI Survey 7 results, go to http://www.microstrategy.com/BISurvey7.
About The BI Survey
The BI Survey is an annual report based on the world's largest independent survey of Business Intelligence (BI) and Performance Management (PM) users in the world. The BI Survey 7 is published by BARC (The Business Application Research Center), and the author, Nigel Pendse, is a highly respected industry expert and lead analyst for The OLAP Report. With over 1,900 users and consultants plus 365 vendor staff participating in The BI Survey 7, the analysis covers a broad range of business intelligence tools. For more information, visit http://www.bi-survey.com/
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy is available at http://www.microstrategy.com/.
MicroStrategy and MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Contact:
Wende Cover
MicroStrategy Incorporated
(703) 770-1646
wcover@microstrategy.com
MicroStrategy Incorporated
CONTACT: Wende Cover of MicroStrategy Incorporated, +1-703-770-1646, wcover@microstrategy.com
Web site: http://www.microstrategy.com/ http://www.bi-survey.com/
Logility Voyager Solutions(TM) Further Green Supply Chain Initiatives
ATLANTA, April 3, 2008 /PRNewswire-FirstCall/ -- Logility, Inc. , a leading supplier of collaborative solutions to optimize the supply chain, today announced that Logility Voyager Solutions enable companies to further green supply chain initiatives by helping reduce energy consumption, lowering carbon emissions, and reducing excess inventories to minimize the overall impact on the environment.
"Companies are moving beyond thinking about a green supply chain and are setting specific goals and investing in initiatives to improve supply chain operations with a more eco-conscious approach," said Mike Edenfield, president and CEO, Logility. "Since these sustainability initiatives touch all areas of the supply chain, each company must evaluate the impact on costs and revenue growth within their specific global network. Logility Voyager Solutions help companies advance sustainability objectives while also maximizing supply chain efficiencies to achieve and maintain a competitive advantage."
By optimizing global supply chain management, Logility Voyager Solutions support sustainability efforts in a number of ways including: improving forecasting for new product introductions that are focused on environmentally friendly products; planning the roll-out of enhanced packaging that minimizes waste and includes recycled materials; reducing inventories by quickly sensing changes in consumer demand and synchronizing market demand with production goals; increasing manufacturing efficiency by optimizing changeovers and tracking specific green Key Performance Indicators (KPIs) featured within Logility Voyager Solutions; and modeling complex supply chain networks to better plan production and distribution.
Logility Voyager Solutions also enable companies to "go green" by improving transportation planning and management which leads to reduced fuel consumption and lower emissions. With Logility, companies can more efficiently and cost-effectively plan distribution routes with suppliers and customers; maximize capacity and move full containers; consolidate multiple customer orders and eliminate expedited and extra shipping costs for on-time delivery while honoring customer delivery dates.
"Sustainability efforts have certainly changed the way companies look at their global supply chain operations and Logility Voyager Solutions provides the flexibility to model a variety of factors and support better decision-making as each enterprise navigates through specific sustainability initiatives," continued Edenfield. "Logility Voyager Solutions help our customers plan multiple scenarios, visualize the trade-offs and merits of each plan and implement the best plan for both their business and the environment."
Logility recently participated in an APICS vendor webcast, "Thinking about a Green Supply Chain" with John Davies, vice president, sustainability forum, AMR Research. To access the on-demand replay of the webcast and learn more about integrating green initiatives into your supply chain, visit http://www.logility.com/greensupplychain .
About Logility
With more than 1,250 customers worldwide, Logility is a leading provider of collaborative, best-of-breed supply chain solutions that help small, medium, large and Fortune 1000 companies realize substantial bottom-line results in record time. Logility Voyager Solutions is a complete supply chain management solution that features performance monitoring capabilities in a single Internet-based framework and provides supply chain visibility; demand, inventory and replenishment planning; Sales and Operations Planning (S&OP); supply and global sourcing optimization; manufacturing planning and scheduling; transportation planning and management; and warehouse management. Logility customers include Brown Shoe Company, McCain Foods, Pernod Ricard, Sigma Aldrich, and VF Corporation. Logility is a majority owned subsidiary of American Software . For more information about Logility, call 1-800-762-5207 or visit http://www.logility.com/.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results to differ materially from those anticipated by statements made herein. These factors include, but are not limited to, changes in general economic conditions, technology and the market for the Company's products and services including economic conditions within the e-commerce markets; the timely availability and market acceptance of these products and services; the effect of competitive products and pricing; the uncertainty of the viability and effectiveness of strategic alliances; and the irregular pattern of the Company's revenues. For further information about risks the Company could experience as well as other information, please refer to the Company's Form 10-K for the year ended April 30, 2007 and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information about risks the Company could face as well as other information, contact Vincent C. Klinges, Chief Financial Officer, Logility, Inc., 470 East Paces Ferry Rd., Atlanta, GA 30305, (404) 261-9777. FAX: (404) 264-5206 INTERNET: http://www.logility.com/ or E-mail: asklogility@logility.com.
All trademarks are properties of their respective owners.
Logility, Inc.
CONTACT: Michelle Duke of Logility, Inc., +1-404-264-5485, mduke@logility.com
Web site: http://www.logility.com/
Company News On-Call: http://www.prnewswire.com/comp/120967.html
Embarq Corporation Provides Details for First Quarter 2008 Earnings Release and Conference Call
OVERLAND PARK, Kan., April 3, 2008 /PRNewswire-FirstCall/ -- EMBARQ will release results for its first quarter 2008 after U.S. markets close on April 29, 2008. Interested parties are invited to listen to the earnings conference call at 4:30 p.m. EDT. Additional information about the call is as follows:
Live Call
Date: April 29, 2008 (Tuesday)
Time: 4:30 p.m. EDT
Dial-In Number (U.S. and Canada): (866) 245-2310
Dial-In Number (International): (816) 650-2838
Conference ID: 38553950
Audio Webcast and Presentation: embarq.com/investors
Replay
Dates: April 29, 2008 - May 13, 2008
Dial-In Number (U.S. and Canada): (800) 642-1687
Dial-In Number (International): (706) 645-9291
Conference ID: 38553950
Audio Webcast and Presentation: embarq.com/investors
About EMBARQ
Embarq Corporation , headquartered in Overland Park, Kan., offers a complete suite of communications services. The company has approximately 18,000 employees and operates in 18 states. EMBARQ is included in the S&P 500.
For consumers, EMBARQ offers an innovative portfolio of services that includes reliable local and long distance home phone service, high-speed Internet, wireless, and satellite TV from DISH Network(R) -- all on one monthly bill.
For businesses, EMBARQ has a comprehensive range of flexible and integrated services designed to help businesses of all sizes be more productive and communicate with their customers. This service portfolio includes local voice and data services, long distance, Business Class High Speed Internet, wireless, satellite TV from DIRECTV(R), enhanced data network services, voice and data communication equipment and managed network services.
For more information, visit embarq.com.
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EMBARQ
CONTACT: Media, Debra Peterson, +1-913-323-4881, debra.d.peterson@embarq.com, or Investor Relations, Trevor Erxleben, 1-866-591-1964, investorrelations@embarq.com, both of EMBARQ
Web site: http://www.embarq.com/
With OutStart, Cummins Powers the Exchange of Two Kinds of Knowledge
BOSTON, April 3, 2008 /PRNewswire/ -- Cummins Power Generation, the Minneapolis maker of electrical generators, decided people need to exchange two kinds of knowledge -- structured and informal -- to work with its products. So the company has purchased OutStart TrainingEdge.com software to deliver on-demand training and spark collaboration, in one place. The goal is to upgrade the way the Minneapolis company, a division of Cummins Inc. , teaches its global network of employees, distributors and customers about its products.
Initially, the software will deliver on-demand training courses -- which Cummins Power Generation (http://www.cumminspower.com/) calls "structured knowledge" -- to employees, dealers and customers. The online training focuses on the company's products and services.
But TrainingEdge.com (http://www.outstart.com/product/OutStart_TrainingEdge.html ) also rips a page from the social networking playbook by serving up online communities, wikis, and tools for finding and interacting with experts. Communities, wikis and expertise exchange spur the trading of what Cummins Power Generation calls "informal knowledge." Think of this as the online equivalent of asking a colleague in the next office for the best way to solve a problem, or searching a stack of business cards for an expert you met at a seminar. Cummins Power Generation plans to unveil TrainingEdge.com to its employees and customers this spring.
The Minneapolis company isn't alone in investing in software for unlocking the knowledge that's in people's minds. AMR Research expects companies in the United States and Europe to spend $73 billion through 2008 on software for capturing, archiving and sharing knowledge.
Cummins Power Generation's Training Manager Geraldine John said, "We will use the tool to disseminate product knowledge to our sales and service channel. The content hosted on TrainingEdge.com is integral to our product qualification programs."
TrainingEdge.com will help Cummins Power Generation do this in several ways. For instance, before launching new products, dealers can tap into TrainingEdge.com to learn about service and maintenance. Employees can also use the software to view their on-the-job certification requirements. And customers can take training online, which will serve as a prerequisite for hands-on courses.
"We're very excited about online collaboration through communities and expertise exchange. We aim to put that in place after the structured knowledge piece is launched," added John. "We believe it will be powerful to have an environment that connects employees and dealers with either peers or experts. We see our employees, dealers and customers using the collaborative tools in TrainingEdge.com for sharing ideas and trouble-shooting. This will be the first time our dealers will have a method for connecting outside of emails and phone calls."
"People don't consume knowledge in a document-centric way," (http://www.learningsystems08.com/outstart ) said Massood Zarrabian, president and chief executive for OutStart. "Your performance isn't going to improve by reading pages and pages of documents. Your performance will improve with collaboration, exploration and experimentation, which you initiate. And Cummins Power Generation is designing its knowledge exchange with this in mind."
"Most traditional learning technologies separate structured and informal learning to the point of sometimes creating separate content silos," added Bryan Chapman of Chapman Alliance (http://www.chapmanalliance.com/), a training industry consultancy. "What makes TrainingEdge.com unique is its ability to centrally locate both types of learning, creating a single site where people can either contribute knowledge or access knowledge via their participation in an online community. Almost all employers have a vision for developing something like the solution Cummins Power Generation is planning to implement. It's impressive that Cummins is making that vision real."
About OutStart
OutStart software powers formal and on-demand learning, knowledge sharing and community/expert collaboration solutions that enable knowledge workers -- employees, partners, and customers -- to perform their roles far more efficiently and effectively. AgustaWestland, Autodesk, British Telecom, CVS Caremark, the U.S. Navy, Verizon Wireless and others rely on OutStart to increase individual and organizational performance, improve knowledge transfer and lower operating costs. Located in Boston, Mass., OutStart has offices throughout the U.S. and Europe and can be found on the web at http://www.outstart.com/
OutStart
CONTACT: Bill Perry of MARCH 24 Media LLC for OutStart, +1-614-975-7538, bperry@march24media.com; or Kerri Renshaw of OutStart, +1-617-897-6800, krenshaw@outstart.com
Web site: http://www.outstart.com/ http://www.cumminspower.com/
Alliance Data Completes Renewal of Final Portion of $2.7 Billion Financing Goal
DALLAS, April 3, 2008 /PRNewswire-FirstCall/ -- Alliance Data Systems Corporation , a leading provider of loyalty and marketing solutions derived from transaction-rich data, today announced that its private label credit card banking subsidiary, World Financial Network National Bank, has completed the renewal of its $400 million conduit facility. This $400 million conduit facility renewal completes the Company's final portion of its $2.7 billion financing goal.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051024/ADSLOGO )
The facility, which will fund existing and new private label credit card programs, currently holds approximately $265 million in card assets, providing both current financing as well as an additional source of currently untapped liquidity. The facility was renewed by the Company's current group of conduit providers including Barclays Capital and JPMorgan.
Ed Heffernan, executive vice president and chief financial officer of Alliance Data, commented, "Despite the current volatility in the capital markets, this transaction once again demonstrates that liquidity is readily available for companies with strong track records and high-quality assets. As we entered the latter part of 2007, we had approximately $2.7 billion of off- balance sheet facilities that would need to be renewed or established. The renewal of our $400 million conduit facility completes our $2.7 billion financial goal.
"Liquidity for the Company remains at an all-time high," Mr. Heffernan continued. "We continue to benefit from the financial flexibility of $3.8 billion in immediate liquidity, of which $1.8 billion remains unused, as well as from an overall leverage ratio of less than 1x. The Company's ability to continue to access the capital markets at favorable rates, significant committed but unused liquidity and an exceptionally conservative leverage ratio all position Alliance Data well for another successful year in 2008."
The "all-in" funding rate on Alliance Data's renewed facility is approximately 100 basis points below the Company's budgeted rate for this transaction. Although spreads on funding have widened in recent months, the base rates used on transactions of this nature (e.g., LIBOR, Fed Funds, commercial paper) have improved at more dramatic rates. The expected savings from lower funding costs will serve as a natural hedge against an anticipated moderate increase in credit losses. Funding saves remain firmly on track to mitigate those increases.
Thus, Alliance Data's private label credit card business continues to offer stability and visibility in these uncertain macro-economic times. Alliance Data's business model is also enhanced by its recession-resistant and high-growth engines, namely its Loyalty AIR MILES(R) Reward Program in Canada and its Epsilon transaction-based marketing business.
About Alliance Data
Alliance Data is a leading provider of marketing, loyalty and transaction services, managing over 120 million consumer relationships for some of North America's most recognizable companies. Using transaction-rich data, Alliance Data creates and manages customized solutions that change consumer behavior and that enable its clients to create and enhance customer loyalty to build stronger, mutually beneficial relationships with their customers. Headquartered in Dallas, Alliance Data employs over 9,000 associates at more than 60 locations worldwide. Alliance Data's brands include AIR MILES(R), North America's premier coalition loyalty program, and Epsilon(R), a leading provider of multi-channel, data-driven technologies and marketing services. For more information about the Company, visit its website, http://www.alliancedata.com/.
Alliance Data's Safe Harbor Statement/Forward Looking Statements
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements may use words such as "anticipate," "believe," "estimate," "expect," "intend," "predict," "project" and similar expressions as they relate to us or our management. When we make forward-looking statements, we are basing them on our management's beliefs and assumptions, using information currently available to us. Although we believe that the expectations reflected in the forward-looking statements are reasonable, these forward-looking statements are subject to risks, uncertainties and assumptions, including those discussed in our filings with the Securities and Exchange Commission.
If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary materially from what we projected. Any forward-looking statements contained in this presentation reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. These risks, uncertainties and assumptions include those made with respect to and any developments related to the proposed merger with an affiliate of The Blackstone Group, including the risk that conditions to closing, including the condition relating to regulatory approvals, may not be satisfied and that the proposed merger may not be consummated, as well as risks and uncertainties arising from actions that the respective parties to the merger agreement may take in connection therewith. The Company cannot provide any assurance that the conditions to closing the transaction will be satisfied or that the proposed merger will be completed. We have no intention, and disclaim any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this presentation regarding Alliance Data Systems Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the company's Annual Report on Form 10-K for the most recently ended fiscal year. Risk factors may be updated in Item 1A in each of the Company's Quarterly Reports on Form 10-Q for each quarterly period subsequent to the Company's most recent Form 10-K.
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Alliance Data Systems Corporation
CONTACT: Investors-Analysts, Julie Prozeller of Financial Dynamics for Alliance Data, +1-212-850-5721, alliancedata@fd.com, or Media, Shelley Whiddon of Alliance Data, +1-972-348-4310, Shelley.whiddon@alliancedata.com
Web site: http://www.alliancedata.com/
Careful Planning, Communication Critical in Selecting Managed Network Service Provider, Says Verizon BusinessProvider With Right Mix of Capabilities, Expertise Can Help Companies Unleash the Power of IP
BASKING RIDGE, N.J., April 3, 2008 /PRNewswire/ -- You're the top information technology (IT) professional for a large business or government agency. You've already transitioned to an Internet protocol (IP) network, and you want to make sure you are using your network to its full strategic potential.
With limited in-house technical resources and personnel, how do you balance management of this complex network with other critical business initiatives to meet your strategic goals and objectives? How do you enhance employee productivity, connect remote workers, and leverage next-generation applications such as unified communications and collaboration? In short, how do you enable your network to match your business potential?
The answer starts with selecting the right managed service provider. Verizon Business offers the following tips to help chief information officers and IT professionals select a provider that can enable their organizations to better focus on their core business goals:
-- Evaluate service provider capabilities. Does the managed service
provider offer a wide range of services, including security and network
professional services capabilities that match your specific
requirements? Can the provider help you use IP to transform your
business and better serve your customers? Can you start with a limited
engagement and add services as business requirements evolve? How
quickly can the provider integrate new technology into your service
package? Does the provider offer management on a wide range of
equipment vendor platforms, devices and applications?
-- Assess breadth of technological and personnel expertise. Has the
service provider consistently invested in people, processes and
technology? How many employees hold certifications? Are technicians
certified across a wide range of products? How current are
certifications? Are network control facilities ISO9001 certified?
What about processes and procedures? Has the provider invested in
automated fault isolation and capabilities to issue trouble tickets?
-- Determine service provider financial stability and long-term
commitment. Are industry analysts and news reports positive about the
service provider's future prospects and fiscal health? Does it have a
history of and commitment to investing in new capabilities and
services? Does it invest in new technology platforms? Will it evolve
with the ever-changing technology environment? Can the provider detail
recent investments in systems and personnel?
-- Investigate past performance and check customer references. How long
has the provider been offering managed services? How many customer
networks and devices are currently under management? Are these numbers
growing? Can the provider offer customer references? What do these
references have to say about the performance of the provider?
-- Discuss strategic partnerships. Does the service provider offer and
support equipment from multiple vendors? What about its strategic
relationships with key network management vendors? Can your existing
equipment be retained, or will new equipment purchases be necessary?
-- Obtain detailed service level agreement documentation. What types of
service level agreements are available? Do they vary in different
parts of the world? Are there multiple classes of service? Are the
service level agreements based on actual repair times or just average
response times?
-- Request fully documented service resolution procedures. How does the
service provider handle service-affecting events in a multi-vendor
environment? How quickly can the provider respond? How will the
provider communicate with you? Can it provide detailed information on
change-management processes and methodologies? How is problem
resolution handled? Who handles problem resolution activities? Does
the service provider use automated systems to reduce response times and
solve network issues? Can it provide relevant statistics?
-- Determine geographic fit and resource availability. Does the service
provider have a network footprint -- national and international -- that
matches your business? What about personnel and other resources? Does
the provider offer staff augmentation services, if required? Where are
the closest facilities?
-- Identify the scope and scale of service provider responsibility. Will
the service provider take responsibility for your entire network from
end-to-end? How does the provider communicate with other carriers?
Via e-mail? Via e-bonding? How will the provider communicate with
you, and vice versa?
-- Tour network management facilities and meet key personnel. Will your
account be serviced by a dedicated team? What type of information does
the service provider deliver? Are network engineering resources
available to interpret network performance data? What about built-in
system redundancy and related processes and procedures? Does the
provider have a plan to maintain continued operations during unforeseen
circumstances?
-- Communicate. Will technical staff be in contact on a day-to-day basis?
Does the service provider consider its staff an extension of your own?
How do you contact technical or network management staff? What about
communications with senior service provider staff? How often will the
provider have strategic discussions with you?
While tips can be helpful, selecting the right provider to handle day-to-day network management and related activities, including security and network professional services, requires more than just a check list.
"As a leading managed services provider, Verizon Business recognizes that selecting the right provider is a complicated and highly personal process," said Nancy Gofus, senior vice president and chief marketing officer, Verizon Business. "We work closely with customers of all types and sizes on a daily basis to help them assess their needs and determine what makes sense for them in terms of outsourcing.
"A successful partnership develops solutions that help transform and improve organizational performance," she said. "That's the bottom line."
About Verizon Business
Verizon Business, a unit of Verizon Communications , is a global IP leader and network-based partner for delivering integrated communications and information technology (IT) solutions to large-business and government customers worldwide. Combining unsurpassed reach with managed services, security, mobility, collaboration and professional services capabilities, Verizon Business delivers global solutions that power innovation and enable its customers to do business better. For more information, visit http://www.verizonbusiness.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon Business
CONTACT: Kevin W. Irland of Verizon Business, +1-703-886-1117, kevin.w.irland@verizon.com
Web site: http://www.verizon.com/
Company News On-Call: http://www.prnewswire.com/comp/618232.html
MEMC Provides First Quarter Update
ST. PETERS, Mo., April 3, 2008 /PRNewswire-FirstCall/ -- MEMC Electronic Materials, Inc. today provided an update to its first quarter financial targets.
The company reported that during the first quarter it experienced accelerated buildup of chemical deposits inside the new expansion unit ("Unit 3") at its Pasadena, Texas facility. These buildups occurred multiple times, and each instance required downtime of several days for premature maintenance to clean and re-stabilize the unit. The company also delayed the remaining maintenance (from the prior quarter) on the existing units ("Unit 1" and "Unit 2") waiting for Unit 3 to stabilize, but eventually had to perform the maintenance on Unit 2. The combination of these items caused the utilization of the Pasadena facility to be approximately 20% lower than the fourth quarter, resulted in much lower than anticipated output, and caused the company to not achieve the financial targets for the first quarter as disclosed on January 24, 2008.
The company now anticipates revenue for the first quarter will be approximately $500 million with gross margin of approximately 52% and operating expenses of approximately $42 million. This compares to the company's previously announced targets of $560 million in revenue with gross margin of approximately 54.8% and operating expenses of approximately $42 million.
MEMC's first quarter 2008 conference call is scheduled for April 24, 2008, at which time the company will discuss final financial results for the first quarter and provide financial targets for the second quarter.
"It is unfortunate that issues with our new unit prevented us from taking advantage of available market opportunities; however we were able to limit the impact to approximately 10% of our targeted revenue in spite of the utilization being 20% lower than fourth quarter levels," stated Nabeel Gareeb, MEMC's President and Chief Executive Officer. "Although our anticipated revenue is between the levels of the 2007 third and fourth quarters, we are pleased that our cost reductions and product mix enabled us to keep margins between the third and fourth quarter levels as well, in spite of sequential price reductions in the mid-to-high single digit percentage range and a significant reduction in spot polysilicon sales volume compared to the fourth quarter. The reduction in spot polysilicon sales was intended to minimize disruptions to our wafer customers."
"As of today, we believe we have implemented actions to prevent a recurrence of the accelerated buildup, the new unit is ramping and the overdue maintenance on the existing unit is underway and on track to be completed in the coming week. We look forward to recovering our production rates and utilization in the second quarter, which should enable our revenues and margins to improve significantly during the second quarter. In addition, our next phase of expansion (to 8,000MT) is proceeding better than previously communicated. This should allow us the opportunity to recover most of this revenue in the second half of the year, but we will have greater visibility and be in a position to provide more specific guidance at our semi-annual update in July 2008," concluded Gareeb.
Conference Call
MEMC will host a conference call today, April 3, 2008, at 9:00 a.m. ET to answer any questions. A live webcast will be available on the company's web site at http://www.memc.com/. Please go to the web site at least fifteen minutes prior to the call to register, download and install any necessary audio software.
A replay of the conference call will be available from approximately 11:00 a.m. ET on April 3, 2008, until 4:00 p.m. ET on April 10, 2008. To access the replay, please dial (320) 365-3844 at any time during that period, using passcode 918253. A replay will also be available until 11:59 p.m. ET on April 10, 2008 on the company's web site at http://www.memc.com/.
About MEMC
MEMC is a global leader in the manufacture and sale of wafers and related intermediate products to the semiconductor and solar industries. MEMC has been a pioneer in the design and development of wafer technologies over the past four decades. With R&D and manufacturing facilities in the U.S., Europe and Asia, MEMC enables the next generation of high performance semiconductor devices and solar cells. MEMC's common stock is listed on the New York Stock Exchange under the symbol 'WFR' and is included in the S&P 500 Index.
Certain matters discussed in this news release are forward-looking statements, including that the company now anticipates that revenue for the first quarter of 2008 will be approximately $500 million, with gross margin of approximately 52% and operating expenses of approximately $42 million; that maintenance on one of the existing units will be completed in the coming week; that we can recover our production rates and utilization in the second quarter, which should enable our revenues and margins to improve significantly during the second quarter; and that our next phase of expansion should allow us the opportunity to recover most of the revenue in the second half of the year. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include market demand for wafers and semiconductors as well as polysilicon; customer acceptance of our new products; utilization of manufacturing capacity; our ability to reduce manufacturing and operating costs; inventory levels of our customers; changes in the pricing environment for both silicon wafers and polysilicon; supply chain difficulties or problems; interruption of production; delays in capacity expansion; assumptions underlying management's financial estimates; general economic conditions; actions by competitors, customers and suppliers; changes in product specifications and manufacturing processes; changes in financial market conditions; changes in the composition of worldwide taxable income; the impact of competitive products and technologies; changes in interest and currency exchange rates and other risks described in the company's filings with the Securities and Exchange Commission. These forward-looking statements represent the company's judgment as of the date of this release. The company disclaims, however, any intent or obligation to update these forward-looking statements.
MEMC Electronic Materials, Inc.
CONTACT: Bill Michalek, Director, Investor Relations, MEMC Electronic Materials, Inc., +1-636-474-5443
Web site: http://www.memc.com/
Home of Free HD: Now Even More High Definition Channels and Enhanced HDTV coming to New York & New Jersey50 High Definition Channels Available on April 30
NEW YORK, April 3, 2008 /PRNewswire/ -- Time Warner Cable of New York and New Jersey is poised to carry 100 High Definition (HD) channels and add more than 250 HD On Demand choices by the end of 2008 across the company's service area, starting with a total of 50 on April 30.
On April 30, the company plans to launch the following 50 channels to all of its digital customers in Brooklyn, Queens, and Staten Island. Later this year, all channels will be available to digital customers in Manhattan, New Jersey, the Hudson Valley region and Mt. Vernon.
Free with Digital Service
A&E HD
ABC Family HD
Animal Planet HD
CNN HD
Discovery HD
Disney HD
ESPN HD
ESPN2 HD
ESPN NEWS HD
Food Network HD
Fox Business News HD
Fox News HD
Hallmark Movie Channel HD
HD Theater (Discovery)
HGTV HD
History Channel HD
The Learning Channel HD
Lifetime Movie Network HD
M HD
MSG HD
MSG+ HD
National Geographic HD
NY1 HD
Science Channel HD
SportsNet New York HD
TBS HD
TNT HD
Toon Disney HD
Travel Channel HD
Universal HD
Versus/Golf HD
WABC HD
WCBS HD
Weather Channel HD
WNBC HD
WNET - Thirteen HD
WNYW Fox HD
WPIX - CW HD
WWOR - My Network HD
YES HD
Free With Sports Packages HD Premium Tier
MLB HD HD Net
NHL HD HD Net Movies
Mojo HD
Free with Premium Services Pay Per View
HBO HD HD PPV
Cinemax HD
SHOWTIME HD
The Movie Channel HD
Starz HD
Over the next year in an area-by-area rollout, Time Warner Cable of NY/NJ will launch "Enhanced HDTV" which includes the cable-exclusive Start Over(R) service for standard and high definition programs. Start Over(R) is a service that allows customers to start a program over during its allotted time slot without the need for a DVR. Customers with HD set-tops will be able to "Start Over" more than 13,000 standard definition and 1,500 HD choices a month with the click of a button at no additional charge. By augmenting its HD content offerings with Enhanced HD features, Time Warner Cable offers a combination of HD content and features unparalleled by any competing video or internet provider. Channel locations will be available on our website at the end of this month. Visit timewarnercable.com/nynj.
"By delivering the most HD choices and Enhanced HD for free to its Digital Cable customers, Time Warner Cable reaffirms our position as the preeminent multimedia provider in New York City," stated Howard Szarfarc, Executive Vice President for the company's New York City region. "The added capacity for HD channels and content didn't require significant upgrade expenditures or labor costs, and reflects the robust and flexible nature of our existing advanced fiber network."
"Unlike with DIRECTV(R), DISH(R) and some telecommunications companies which charge extra for these HD services, our customers can watch what they want, when they want, in HD ... for free," added Szarfarc. Current digital customers can upgrade to an HD set-top at no additional cost. With the vast majority of our HD channels included free with digital service, Time Warner Cable offers the easiest transition to and best value in HD of any provider today.
About Time Warner Cable of New York and New Jersey
Time Warner Cable of New York and New Jersey serves over 1.4 million customers in four NYC boroughs (Manhattan, Queens, Staten Island and western Brooklyn), Mt. Vernon, Hudson Valley (Orange, Sullivan, Ulster Counties and parts of Dutchess, Greene and Delaware Counties) and Bergen and Hudson Counties, New Jersey. Visit timewarnercable.com/nynj
Time Warner Cable is the second-largest cable operator in the U.S., with technologically advanced, well-clustered systems located mainly in five geographic areas - New York State (including New York City), the Carolinas, Ohio, southern California (including Los Angeles) and Texas. As of December 31, 2007, Time Warner Cable served approximately 14.6 million customers who subscribed to one or more of its video, high-speed data and voice services.
Time Warner Cable of New York and New Jersey
CONTACT: Harriet Novet, +1-212-379-5980, Harriet.Novet@twcable.com, of Time Warner Cable of New York and New Jersey
Web site: http://www.timewarnercable.com/nynj
VoiceXML Forum Certifies Verizon Business' Hosted Interactive Voice Response PlatformPlatform Conforms to VoiceXML 2.0 Standard; Reinforces Company's Commitment to Open Development Standards
BASKING RIDGE, N.J., April 3, 2008 /PRNewswire/ -- Verizon Business' award-winning Hosted Interactive Voice Response (IVR) platform has been certified by the VoiceXML Forum as compliant with the VoiceXML 2.0 standard and the latest release of the forum's VoiceXML 2.0 test suite. The forum is a global industry organization chartered to promote and accelerate the worldwide adoption of VoiceXML-based applications.
The VoiceXML open standard enables telephone-based speech applications to interoperate with Web applications. For example, a Verizon Business customer is currently using speech recognition to enable callers to check road conditions via the telephone, with an underlying VoiceXML application retrieving updates in real time from the customer's Web site.
Verizon Business has found that customers prefer open standards that facilitate integration with a variety of speech services over proprietary code that would lock them into a particular platform.
"VoiceXML platform certification has helped to mature the industry by encouraging the cross-vendor interoperability of platforms, tools and applications," said Ken Rehor, chair of the VoiceXML Forum's Conformance Committee. "Moreover, certification gives customers the confidence that the VoiceXML platforms they purchase are sound speech-technology investments. We applaud Verizon Business for successfully completing its VoiceXML platform certification."
Mike Marcellin, vice president of global product marketing for Verizon Business, said, "Verizon Business is committed to doing business in a flexible way that supports individual customer requirements, and this certification underscores that commitment. We support the freedom of choice that VoiceXML affords our customers and, in fact, have delivered VoiceXML applications to our enterprise clients for several years."
The VoiceXML Forum's Platform Certification Program has been extremely successful since its initial launch in 2004. Increasingly, platform certification has become a requirement for technology decision makers in organizations deploying speech systems.
Hosted IVR Among Award-Winning Products in Verizon Business' Contact Center Suite
Verizon Business' Hosted IVR suite of products is part of the company's comprehensive contact center portfolio. The Hosted IVR product line, which uses speech technology and touch-tone commands to provide information to callers or to route calls to representatives, includes Enhanced Call Routing (ECR), Global ECR, Speech Services and Internet Protocol (IP) IVR.
In addition to Hosted IVR, Verizon Business offers a range of contact center services, such as Automatic Call Distributor (ACD) and Intelligent Contact Routing (ICR), to manage the distribution of voice and data traffic to agents, based on business rules, agent skills and real-time priorities. Verizon Business' Professional Services and Service Delivery teams can provide hosted, managed and premises-based contact center solutions, as well as tailored combinations of all three.
Verizon Business is one of the largest providers of and a recognized leader in delivering advanced data, Internet and voice communications services for large-business customers around the world.
About the VoiceXML Forum
Founded in 1999, the VoiceXML Forum is an industry organization whose mission is to promote and to accelerate the worldwide adoption of VoiceXML- based applications. To this end, the Forum serves as an educational and technical resource, a certification authority and a contributor and liaison to international standards bodies, such as the World Wide Web Consortium (W3C) IETF, ANSI and ISO. The VoiceXML Forum is organized as a program of the IEEE Industry Standards and Technology Organization (IEEE-ISTO). Membership in the Forum is open to any interested company. For more information, please visit the Web site at http://www.voicexml.org/ .
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'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon Business
CONTACT: Lisa Fels, +1-703-886-6042, Lisa.Fels@verizon.com
Web site: http://www.verizon.com/ http://www.voicexml.org/ http://www.verizonbusiness.com/
Company News On-Call: http://www.prnewswire.com/comp/618232.html
EDS Acquires UK-based Vistorm Holdings, a Leading Information Security Services CompanyAcquisition will create one of the largest dedicated Information Assurance and Managed Security Services firms in Europe
PLANO, Texas and LONDON, April 3, 2008 /PRNewswire-FirstCall/ -- EDS today announced it has acquired UK-based Vistorm Holdings Limited, a leading provider of information assurance and managed security services. Financial terms were not disclosed.
Vistorm is focused on provisioning information assurance and managed security services in the UK and globally and serves organizations of all sizes, particularly commercial and financial services firms. Vistorm will operate as a separate entity led by its existing management team with a direct sales channel to the market leveraging EDS' existing IT infrastructure, security and privacy capabilities. Vistorm will also retain its market-leading brand in IT security.
EDS will combine its existing capabilities in IT security in the UK into the new Vistorm entity. The combination of resources will create an organization with approximately 400 information security specialists in the EMEA market and make it a formidable European provider of information security services, as well as having industry leading tools, software platforms and methodologies in IT security.
Vistorm, founded in 1991 with annual revenues of approximately $100 million, offers a complete portfolio of information security services, including professional services and managed security services. The company has 220 employees and associates in the UK and serves a broad base of UK clients in a range of industries, including such leading companies as Royal Bank of Scotland, Nationwide and Balfour Beatty.
"The IT security market is a strategic priority area for EDS globally and the strong information security expertise of Vistorm reinforces EDS' existing capabilities in this critical and growing area," said Bill Thomas, executive vice president of EDS' Europe, Middle East and Africa (EMEA) region. "The combination of Vistorm's industry-leading IT security portfolio of products and deep understanding of technology needs in security -- together with EDS' global resources and demonstrated strengths in managing complex infrastructure and applications securely -- will provide unmatched, end-to-end security solutions for our clients," stated Thomas.
"We are delighted to be joining with EDS to become part of a global IT services leader. The combination will enable Vistorm to benefit from EDS' strong security and privacy capabilities, grow our client base and expand into new industries and markets. We will roll out our Information Assurance tools, IP, and capability globally whilst continuing to stay focused on being a specialist-service provider to our existing UK clients in a very important marketplace," said Jim Kent, CEO of Vistorm.
"The transaction with Vistorm demonstrates EDS' commitment to this rapidly growing sector and our strategy to provide mission-critical security and privacy offerings," continued Thomas. "Vistorm has an impressive track record of success and a strong, dynamic management team along with leverageable tools and software platforms that complement EDS' strategic approach to serving the security needs of our clients. A combined EDS and Vistorm organization will give EDS the size and scope it needs to gain excellent market coverage, deep subject matter expertise which can service enterprise-level clients, and the capabilities to compete for some of the world's largest security projects, particularly in key defense, government and financial sectors."
According to IDC, the Worldwide Security Market is expected to double from $35.7 billion in 2006 to $71.8 billion by 2011 with a 15 percent CAGR (compounded annual growth rate) for the 2006-2011 forecast period. The Worldwide Security Services Market was valued at $17 billion in 2006 and is expected to grow to $37.9 billion in 2011, with a CAGR forecast for the 2006-2011 period of 17.4 percent.
"As security has become a critical business concern, many customers are looking for a holistic approach to secure their IT infrastructures. The Vistorm acquisition will significantly enhance EDS' existing IT security capabilities and enable them to provide leading Information Assurance and Managed Security Services to both existing and new customers," said Irida Xheneti, Research Analyst, IT Security Services with IDC. "This as an important strategic acquisition that will significantly differentiate EDS in the marketplace."
EDS works with government and commercial clients around the world to secure their critical information technology and assets. With more than 2,500 security, compliance, privacy and continuity professionals, EDS helps clients stay ahead of the changing threat landscape by using leading-edge intelligence and resources to design, configure, deploy and reduce risk with secure, compliant solutions. EDS manages more than nine million user accounts and secures one million applications and 2.5 billion lines of code globally.
About Vistorm
Founded in 1991, Vistorm is an information security services company delivering industry leading security solutions. It offers a complete portfolio of information security services delivered by specialist Professional and Managed Services teams. Vistorm's understanding of securing client sites, secure mobile working and secure application infrastructures, combined with its expertise in the management of security information, enables organisations to gain competitive advantage, whilst their information capital remains secure and compliant. Vistorm is headquartered in Daresbury, Cheshire, UK with 220 employees and associates in the UK. For further information please visit http://www.vistorm.com/
About EDS
EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.
The statements in this news release that are not historical statements, including statements regarding earnings and free cash flow, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond EDS' control, which could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see EDS' 2008 Form 10-K. EDS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT:
Travis Jacobsen - Media Relations
972.797.8751
travis.jacobsen@eds.com
Roxane Barry - Investor Relations
972.605.6420
roxane.barry@eds.com
Electronic Data Systems Corporation
CONTACT: Travis Jacobsen - Media Relations, +1-972-797-8751, travis.jacobsen@eds.com, or Roxane Barry - Investor Relations, +1-972-605-6420, roxane.barry@eds.com, both of Electronic Data Systems
Web site: http://www.eds.com/ http://www.vistorm.com/
China Public Security Technology, Inc. Closes the Acquisition of Wuda Geoinformatics Co., Ltd. (Geo)
SHENZHEN, China, April 3, 2008 /Xinhua-PRNewswire-FirstCall/ -- China Public Security Technology, Inc., (BULLETIN BOARD: CPBY) (''China Public Security'' or the ''Company''), a leading provider of public security information technology and Geographic Information Systems (''GIS'') software services, today announced that its variable interest entity, iASPEC Software Company Limited (''iASPEC''), has closed the acquisition of 57% of the total equity interest in Wuda Geoinformatics Co., Ltd. (''Geo''), a leading provider of GIS software products and integrated solutions in China.
iASPEC acquired its 57% controlling interest in Geo, for an aggregate purchase price of RMB49.5 million (approximately US$6.8 million) in cash, of which RMB20.0 million (approximately US$2.7 million) is to be used to supplement Geo's working capital. As a result of the purchase, iASPEC is now Geo's controlling shareholder, and Wuhan University, Geo's founder, is now the second largest Geo shareholder, through direct and indirect investments. Geo's financial results will be consolidated into the financial statements of the Company, beginning April 1, 2008, with 57% of projected net income of US$1.2 million and US$1.56 million for 2008 and 2009, respectively.
Geo was founded in 1999 by Wuhan University, a leading university in Asia for GIS-related studies. Geo develops and sells GIS software, contracts surveying and mapping projects, produces space measurement data and provides technical consulting and supervision services for GIS projects. Geo's affiliation with Wuhan University has enabled it to develop impressive research and development capabilities and has resulted in the development of the copyrighted, award winning GeoStar(R) system. The GeoStar(R) system consists of a large-scale GIS and software series, covering the whole GIS product family, from data acquisition through data processing and huge database management, GIS customization, and the publication of geographic data on the internet. In 2005, Geo was granted a Level A Certificate for Surveying & Mapping, the highest qualification for providing the widest range of GIS services in China.
Management believes that the acquisition of Geo will positively impact the future business of the Company in the following respects:
First, the Company expects that the acquisition of Geo will enable the Company to provide its Civil-use GIS and Police-use GIS customers with complete, integrated solutions through innovative technology, covering the entire life cycle of spatial information. The Company also believes that Geo will enable it to immediately access the fast growing Civil-use GIS market through Geo's existing customer base and well-known brand and through the combined efforts of China Public Security's and Geo's research and development teams.
Second, the Company believes that the acqusition of Geo will enhance the competitiveness of the Company's existing Police-GIS product, primarily due to the acquisition of Geo's mapping data. Having direct access to and ownership of mapping data through Geo will eliminate the need for third party providers of mapping data and will enable the Company to price its public security products and services more competitively.
Third, through its acquisition of Geo, the Company has gained access to Geo's valuable mapping permits. Management believes that access to these mapping permits will provide the Company with numerous commercial licensing and recurring revenue opportunities both in China and in foreign markets. ''We are pleased to now have Geo as part of our product portfolio and we look forward to in depth cooperation with Wuhan University in the future,'' said Mr. Jiang Huai Lin, CEO of China Public Security. ''We expect that our acquisition of Geo will enhance our competitiveness through our offering of more integrated products and services.''
About Wuda Geoinformatics Co., Ltd.
Wuda Geoinformatics Co., Ltd. (Geo) provides integrated solutions through innovative technology that covers the whole life cycle of spatial information: including acquiring, processing and updating geospatial data; database establishment, integration and management: and analysis, application and publishing of spatial information. Geo has over 200 employees and supplies a wide range of customers with expertise and professional services, including data production and supervision, application and development, technical support and consultation. Geo's customers are engaged in many industries, including surveying and mapping, city planning, territorial management and electric power, in more than thirty provinces and municipalities in China. Its key customers include the Urban Planning and Land Resource Bureau of Shenzhen City, the Informatization Office of Nanchang City, the National Basic Geographic Information Center, the Urban Planning and Land Resource Bureau of Shenyang City, the Land Resource Information Center of Guangdong Province, the Land Resource Department of Guangxi Province, the Land Resource Bureau of Dongguan City, Urban Planning Reconnaissance and Design Institute of Guangzhou City and the Urban Planning and Design Institute of Dongguan City. Geo also provides integrated data processing services to customers in the U.S. and Europe.
About China Public Security Technology, Inc.
Through its wholly-owned Chinese subsidiary, China Public Security is focused on the development and implementation of large scale, high-tech public security and GIS related projects. The Company provides a broad portfolio of fully integrated solutions and services, including public security information technology (First Responder Coordination Platform, Intelligent Border Control and Intelligent Security Surveillance), Geographic Information System (Police- use GIS and Civil-use GIS), and e-Government Platform services, software sales and maintenance. Through its exclusive contractual arrangement with Shenzhen iASPEC Software Engineering Company Limited (iASPEC), China Public Security has the licenses to 16 registered and copyrighted software applications in China. In addition, iASPEC is considered the Company's variable interest entity, and its financial data and information is consolidated into the Company's accounts. To learn more about the Company, please visit the corporate website at http://www.chinacpby.com/ .
Safe Harbor Statement
This press release may contain certain ''forward-looking statements" relating to the business of China Public Security Technology, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are ''forward-looking statements" including statements regarding the effect of the Wuda Geoinformatics Co., Ltd. acquisition on the Company's ability to market its products and services; the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," ''expects'' or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov/ ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
Company Contact:
Mr. Michael Lin
Vice President, Investor Relations
China Public Security Technology, Inc.
Tel: +1-949-743-0868
Email: mlin@chinacpby.com
Investor Relations Contact:
Mr. Crocker Coulson
President
CCG Elite Investor Relations
Tel: +1-646-213-1915 (NY office)
Email: crocker.coulson@ccgir.com
China Public Security Technology, Inc.
CONTACT: Company Contact - Mr. Michael Lin, Vice President, Investor Relations, China Public Security Technology, Inc., +1-949-743-0868, or mlin@chinacpby.com, or Investor Relations Contact - Mr. Crocker Coulson, President, CCG Elite Investor Relations, +1-646-213-1915 (NY office), or crocker.coulson@ccgir.com
Web site: http://www.chinacpby.com/
Turkey Selects Trimble to Build a Nationwide GNSS Infrastructure Network
SUNNYVALE, Calif., April 3, 2008 /PRNewswire-FirstCall/ -- Trimble announced today it has been selected by ISTANBUL KULTUR UNIVERSITESI (IKU) to supply 150 Trimble(R) NetR5(TM) Reference Stations, 150 Trimble Zephyr Geodetic(TM) 2 Antennas, and Trimble VRS(TM) technology to establish a nationwide Global Navigation Satellite System (GNSS) infrastructure network for the country of Turkey. The Trimble VRS network will provide a geospatial infrastructure for surveying, engineering and Geographic Information System (GIS) professionals that enables high accuracy real-time kinematic (RTK) GNSS positioning without the need of separate base stations or software, significantly increasing efficiency and productivity.
In addition to supplying the technology, Trimble is providing a turnkey solution that includes building the GNSS network, known as CORS-TR(R) (Continuous Operating Reference Station-Turkey or TUSAGA AKTIF), as well as installing the network's control centers. The first of its kind in Turkey, the GNSS network will be operated by the Turkish General Directorate of Land Registry and Cadastre (TKGM) and General Command of Mapping (GCM), and financially supported by The Scientific and Technological Research Council of Turkey (TUBITAK), the country's leading agency for management, funding and research. The main control center will be managed by the TKGM backed by the one in GCM.
"The national CORS-TR project provides new opportunities for national mapping and the use of information technologies in Turkey," said Dr. Kamil Eren, of the Faculty of Engineering & Architecture -- Department of Civil Engineering, of Istanbul Kultur University. "The Trimble VRS network will also make it easier to use GNSS technology for a variety of high-tech applications."
One of the largest GNSS networks in the world, the CORS-TR system will supply centimeter-level RTK GNSS data for a variety of positioning applications including geodetic and cadastral surveying, road and bridge construction, earthquake and tectonic plate movement monitoring and analysis, and scientific research, as well as other high-accuracy positioning applications. Turkey also plans to use the network to improve and maintain the vertical and horizontal quality control network as well as calculate the nationwide datum transformation parameters.
The nationwide Turkey VRS network follows more than 150 Trimble infrastructure installations networks throughout the world including: China, Germany, Poland, Austria, Switzerland, U.S., Singapore, Portugal, Canada, Norway, Sweden, Finland, Denmark, Belgium, France, Spain, Italy, United Kingdom, Netherlands, Serbia, Slovenia, Slovakia, New Caledonia, Australia, Malaysia, Taiwan, South Korea, Southern Poland and Japan. For a partial reference list of Trimble VRS installations visit: http://www.trimble.com/vrsinstallations.shtml.
About IKU, TKGM and TUBITAK
ISTANBUL KULTUR UNIVERSITESI (Istanbul Kultur University or IKU) is one of Turkey's most respected private universities. The CORS-TR project is overseen by IKU's engineering faculty. Established in 1997, IKU has over 7000 graduate and undergraduate students studying in the faculties of Science, Engineering and Architecture, Economics and Administrative Sciences, Law, and Art and Design.
The Turkish General Directorate Land Registry and Cadastre (TKGM) is the governmental agency that carries out land registry and cadastral works in Turkey.
The Scientific and Technological Research Council of Turkey (TUBITAK) is the leading agency for management, funding and conduct of research in Turkey. Established in 1963, its mission is to advance science and technology, conduct research and support Turkish researchers. The Council is an autonomous institution and is governed by a Scientific Board whose members are selected from prominent scholars from universities, industry and research institutions.
About Trimble VRS Technology
Trimble VRS technology uses Trimble RTKNet(TM) software and provides high- accuracy, RTK GNSS positioning for wider areas. The VRS network can be continuously available without setting up a base station and provide common control anywhere in the network.
Because Trimble RTKNet software is able to process the entire network simultaneously, Trimble VRS networks offer greater quality control and higher data accuracy at longer distances. In the field, the farther users get from a reference station using conventional RTK, the more susceptible they become to reduced accuracy and performance due to systematic errors such as ionospheric and tropospheric effects. In a Trimble VRS network, RTKNet software provides a fully modeled solution that factor in potential systematic errors. Users connect into the system using a wireless connection; the software acknowledges the users field positions and allows them to operate as though there is a reference station -- a virtual reference station -- right next to their rover. As a result, the PPM error is eliminated or significantly reduced, allowing surveyors to achieve RTK precision over much greater distances with fewer reference stations. Users can also retrieve stored GNSS and modeled data from the control center via the Internet for post-processing.
About Trimble's Engineering and Construction Business
Trimble, a world leader in GPS, construction lasers, robotic total stations and machine control solutions, is creating a broad range of innovative solutions that changes the way construction work is done. The Engineering and Construction business of Trimble is focusing on the development of technology and solutions in the core areas of surveying, construction and infrastructure. From concept to completion, Trimble's integrated systems streamline jobs and improve productivity.
About Trimble
Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location -- including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has a worldwide presence with more than 3,600 employees in over 18 countries.
For more information Trimble's Web site at http://www.trimble.com/.
Certain statements made in this press release are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, and actual events and results may differ materially from those described in this press release. Factors that could cause or contribute to such differences include, but are not limited to: the ability of Trimble VRS hardware and software to meet the future needs of the CORS-TR network, or to create new opportunities or significant efficiencies; unanticipated delays or difficulties in launching or operating the CORS-TR network; and the future accuracy, reliability or continuous availability of the network. More information about potential factors which could affect Trimble's business and financial results is set forth in reports filed with the SEC, including Trimble's quarterly reports on Form 10-Q and its annual report on Form 10-K. All forward looking statements are based on information available to Trimble as of the date hereof, and Trimble assumes no obligation to update such statements.
GTRMB
Trimble
CONTACT: Lea Ann McNabb of Trimble , +1- 408-481-7808, leaann_mcnabb@trimble.com
Web site: http://www.trimble.com/
Shanda Announces Key Executive Appointments
SHANGHAI, China, April 3, 2008 /Xinhua-PRNewswire-FirstCall/ -- Shanda Interactive Entertainment Limited , or Shanda, a leading interactive entertainment media company in China, announced today key executive appointments within the senior leadership team and business units to support the continued expansion and execution of the Company's 3C strategy of Content, Community, and Commerce.
Qunzhao Tan, who is a co-founder of Shanda, has been named President and will continue in his role as Chief Technology Officer of Shanda. Mr. Tan has served in various capacities at Shanda, most recently as Shanda's Executive Senior Vice President and President of Shanda Games (''SDG''), Shanda's online game business unit.
Danian Chen, who is a co-founder of Shanda, has been named Chief Operating Officer of Shanda. Danian Chen has served in various capacities at Shanda, most recently as Shanda's Executive Senior Vice President and President of Shanda Online (''SDO''), Shanda's business unit that operates its integrated platform and independent e-commerce system.
Diana Li has been named as Chief Executive Officer of SDG. Li, who joined Shanda in 2005 after holding various managerial positions at Expedia and Microsoft, has served in various capacities at Shanda, most recently as vice president of SDG.
Judy Wang has been named as Chief Executive Officer of SDO. Wang, who joined Shanda in 2002 after holding various managerial positions at Waterman Drinks and Mary Kay Cosmetics, has served in various capacities at Shanda, most recently as vice president of SDO.
''As we embark on our next stage of growth and expansion, we have drawn on our deep talent pool to support the implementation of our long term growth strategy and to strengthen Shanda's leadership in the interactive entertainment industry,'' said Tianqiao Chen. ''Qunzhao Tan and Danian Chen have been an integral part in guiding the Company's operating strategies over the past few years. One of the greatest challenges to any fast growing company like ours is having the highest quality management team. We are delighted to announce the appointments of two outstanding professionals to lead Shanda's two major business units, SDG and SDO. Both Li and Wang have demonstrated strong execution skills in their prior roles. I am confident that they will continue to make significant contribution to Shanda in their new positions.''
About Shanda Interactive Entertainment Limited
Shanda Interactive Entertainment Limited is a leading interactive entertainment media company in China. Shanda offers a portfolio of diversified entertainment content including some of the most popular massively multi-player online role-playing games (MMORPGs) and casual online games in China, as well as online chess and board games, network PC games and a variety of cartoons, literature works and music. Shanda's interactive entertainment platform attracts a large and loyal user base. Each user can interact with thousands of other users and enjoy the interactive entertainment content that Shanda provides. Interaction enriches your life. For more information about Shanda, please visit http://www.snda.com/ .
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. Statements in this announcement that are not historical facts represent only the Company's current expectations, assumptions, estimates and projections and are forward-looking statements. These forward-looking statements involve various risks and uncertainties. Important risks and uncertainties that could cause the Company's actual results to be materially different from expectations include but are not limited to the risks set forth in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's annual report on Form 20-F. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Shanda Interactive Entertainment Limited
CONTACT: Maggie Yun Zhou, Investor Relations Manager of Shanda Interactive Entertainment Limited, +86-21-5050-4740 (Shanghai), or IR@shanda.com.cn
Web Site: http://www.snda.com/
VisionChina to Report First Quarter 2008 Financial Results on April 24, 2008
BEIJING, China, April 3, 2008 /Xinhua-PRNewswire/ -- VisionChina Media Inc. , one of China's largest mass transportation mobile television advertising networks, today announced that it will report its financial results for the first quarter 2008, after the U.S. markets close on April 24, 2008. VisionChina's management will hold an earnings conference call at 8:00 PM on April 24, 2008 U.S. Eastern Time (8:00 AM on April 25, 2008 Beijing/Hong Kong Time).
Dial-in details for the earnings conference call are as follows:
US Toll Free: +1-866-713-8564
Hong Kong: +852-3002-1672
International: +1-617-597-5312
Passcode for all regions: VisionChina Earnings Call
A replay of the conference call may be accessed by phone at the following numbers until May 1, 2008.
US Toll Free: +1-888-286-8010
International: +1-617-801-6888
Passcode: 47582768
Additionally, a live and archived webcast of this conference call will be available on the Investor Relations section of VisionChina's website at http://www.visionchina.cn/ .
About VisionChina Media Inc.
VisionChina operates an out-of-home advertising network on mass transportation systems, including buses and subways that reach approximately 26 million viewers each day in China, according to CTR Market Research. As of December 31, 2007, VisionChina's advertising network included over 41,400 mobile digital displays on mass transportation systems in 15 of China's most affluent cities, including Beijing, Guangzhou and Shenzhen. VisionChina has the unique ability to deliver real-time, location-specific broadcasting, including news, stock quotes, weather and traffic reports and other entertainment programming. For more information, please visit http://www.visionchina.cn/ .
For investor and media inquiries, please contact:
In China:
Mr. AJ Wang
Senior IR Manager, VisionChina Media, Inc.
Tel: +86-10-8418-6339
Email: aj.wang@visionchina.cn
Mrs. Helen Plummer
Ogilvy Public Relations Worldwide (Beijing)
Tel: +86-10-8520-3090
Email: helen.plummer@ogilvy.com
In the United States:
Mr. Jeremy Bridgman
Ogilvy Public Relations Worldwide (New York)
Tel: +1-212-880-5363
Email: jeremy.bridgman@ogilvypr.com
VisionChina Media, Inc.
CONTACT: In China, Mr. AJ Wang, Senior IR Manager, VisionChina Media, Inc., +86-10-8418-6339, or aj.wang@visionchina.cn, or Mrs. Helen Plummer of Ogilvy Public Relations Worldwide (Beijing), +86-10-8520-3090, or helen.plummer@ogilvy.com; or in the United States, Mr. Jeremy Bridgman of Ogilvy Public Relations Worldwide (New York), +1-212-880-5363, or jeremy.bridgman@ogilvypr.com
Web Site: http://www.visionchina.cn/
Shanda Announces Departure of President Jun Tang
SHANGHAI, China, April 3, 2008 /Xinhua-PRNewswire-FirstCall/ -- Shanda Interactive Entertainment Limited , or Shanda, a leading interactive entertainment media company in China, announced today that Jun Tang has resigned as its president to pursue other opportunities. Mr. Tang will remain as a member of Shanda's board of directors and serve as an advisor to the CEO, Mr. Tianqiao Chen.
''Mr. Jun Tang joined Shanda as president in February 2004 and has been an important contributor to our growth and strategic initiatives. I would like to express my sincere appreciation to Jun for his service and support to Shanda during the past four years,'' said Tianqiao Chen, Chairman and Chief Executive Officer of Shanda. ''We wish him well in all of his future endeavors.''
Shanda also announced today a number of key executive appointments, including the appointment of Qunzhao Tan, Shanda's Executive Senior Vice President and Chief Technology Officer, as its President. Mr. Tan will continue to serve as Shanda's CTO.
About Shanda Interactive Entertainment Limited
Shanda Interactive Entertainment Limited is a leading interactive entertainment media company in China. Shanda offers a portfolio of diversified entertainment content including some of the most popular massively multi-player online role-playing games (MMORPGs) and casual online games in China, as well as online chess and board games, network PC games and a variety of cartoons, literature works and music. Shanda's interactive entertainment platform attracts a large and loyal user base. Each user can interact with thousands of other users and enjoy the interactive entertainment content that Shanda provides. Interaction enriches your life. For more information about Shanda, please visit http://www.snda.com/ .
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. Statements in this announcement that are not historical facts represent only the Company's current expectations, assumptions, estimates and projections and are forward-looking statements. These forward-looking statements involve various risks and uncertainties. Important risks and uncertainties that could cause the Company's actual results to be materially different from expectations include but are not limited to the risks set forth in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's annual report on Form 20-F. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Shanda Interactive Entertainment Limited
CONTACT: Maggie Yun Zhou, Investor Relations Manager of Shanda Interactive Entertainment Limited, +86-21-5050-4740 (Shanghai), or IR@shanda.com.cn
Web Site: http://www.snda.com/
Presstek Announces Fourth Quarter 2007 Financial Results
HUDSON, N.H., April 3, 2008 /PRNewswire-FirstCall/ -- Presstek, Inc. today reported a net loss from continuing operations in fourth quarter 2007 of ($2.8) million, or ($.08) per share, versus net income from continuing operations of $7.5 million, or $.21 per share in the fourth quarter of 2006. 2006 operating results include a tax benefit of $10.7 million related to the reversal of certain deferred tax asset reserves.
Fourth quarter 2007 results include pre-tax charges of $1.2 million primarily due to severance related to organizational changes made in support of the company's previously announced Business Improvement Plan ("BIP"), and $1.5 million of professional fees and other adjustments related primarily to previously announced reviews of inventory, receivables and European operations conducted during the fourth quarter of 2007. In addition, fourth quarter 2007 results include $1.4 million of accruals related to legal matters. Fourth quarter 2006 operating results included pre-tax charges of $5.7 million related primarily to the expensing of goodwill related to the company's discontinued analog plate business, Precision Lithograining, and the expensing of previously capitalized legal costs.
"We have made significant, tangible progress on the BIP we announced on October 25, 2007," commented Presstek President and Chief Executive Officer Jeff Jacobson. "We have reduced headcount by 10% since the second quarter of 2007 which exceeded our 9% goal, consolidated distribution centers, and reduced costs. Our focus on cash has also been effective, and the company has reduced debt net of cash by $14.8 million, or 40%, since its peak at the end of the first quarter 2007. When compared to the fourth quarter of 2006, our annuity growth portfolio businesses, consumables and services, increased 35% in the current quarter and sales of our 52DI(R) presses almost doubled. Consumables sales increases were driven by a 36% increase in DI plate sales and a 16% increase in CTP plate sales. Our consolidated gross margin improved significantly in the quarter, and service margins were particularly strong versus the previous three quarters. We are driving our operations to a leaner business model with a higher concentration of sales in our annuity growth portfolio that can deliver long term sustainable growth."
In the fourth quarter of 2007, consolidated revenue from continuing operations was $61.3 million, a decrease of $4.7 million, or 7% from the fourth quarter of 2006. Gains in growth portfolio sales were more than offset by declines in sales of the company's traditional products. Revenue from the company's growth product portfolio comprised 53% of total revenue in the fourth quarter of 2007 versus 47% of total revenue in the same quarter last year.
Consolidated gross margins in the fourth quarter of 2007 were 30.7% versus 29.3% a year ago. Operating expenses were $22.4 million in the quarter versus $23.2 million in 2006. Fourth quarter 2007 operating expense includes $1.2 million in pre-tax charges primarily due to severance related to organizational changes made in support of the company's BIP, as well as $3.4 million of accounting and legal fees primarily related to the review of inventory, receivables, and European Operations, as well as accruals related to certain legal matters. Fourth quarter 2006 operating expense of $23.2 million included pre-tax charges of $5.7 million due primarily to the expensing of goodwill related to the company's discontinued analog plate business, Precision Lithograining, and the expensing of previously capitalized legal costs. Excluding these charges, operating expense levels in the fourth quarter of 2007 were slightly higher ($0.3 million) than 2006 levels. Earnings before interest, taxes, depreciation and amortization in the fourth quarter of 2007, adjusted for special charges and one time costs, was $4.2 million, and debt net of cash was $22.3 million as of December 29, 2007.
Presstek's Lasertel operation recorded external sales of $2.4 million for the fourth quarter of 2007, a 30% increase from the same quarter last year. Lasertel recorded an operating loss in Q4 of ($0.9) million.
First Quarter 2008 Commentary
In the first quarter of 2008, the company expects positive adjusted EBITDA from continuing operations and continued progress at reducing costs and expenses as a result of its BIP program execution. The company expects revenue in the first quarter of 2008 to be as much as 20% below prior year levels driven primarily by an approximately $8 million reduction in European revenues. The decline in European revenues, in comparison to a particularly strong first quarter 2007 performance, is largely due to the disruption in the company's European operations related to recently completed business reviews, as well as tightened commercial terms. In addition, challenging U.S. economic conditions and customer anticipation of a major industry convention in Germany in May 2008 are also expected to have a negative impact on first quarter 2008 revenue.
Information Regarding Non-GAAP Measures
In the fourth quarter of 2007, in addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, the company provides non-GAAP financial measures, including debt net of cash, which is defined as debt minus cash, and other GAAP measures adjusted for certain charges, which the company believes are useful to help investors better understand its past financial performance and prospects for the future. A full reconciliation of GAAP to non-GAAP measures is provided in the financial tables below. Supplemental financial information has been provided with this release to provide additional details on the company's performance.
Conference Call and Webcast
Management will discuss Presstek's fourth quarter 2007 results in a conference call today at 8:30 a.m. (ET). Conference call information is below:
CONFERENCE CALL ACCESS
Domestic Dial In: (866) 362-5158
International Dial In: (617) 597-5397
Passcode: 49516636
In addition, for those unable to participate at the time of the call, a rebroadcast will be available following the call from Thursday, April 3, 2008 at 10:30 AM Eastern Standard Time until Thursday April 10, 2008 Eastern Standard Time at midnight.
REBROADCAST ACCESS
Domestic Dial In: (888) 286-8010
International Dial In: (617) 801-6888
Passcode: 75496937
An archived web cast of this conference call will also be available on the "Investor Events Calendar" page of the company's web site, at http://www.presstek.com/investors/calendar.html.
About Presstek
Presstek, Inc. is the leading manufacturer and marketer of high tech digital imaging solutions to the graphic arts and laser imaging markets. Presstek's patented DI(R), CTP and plate products provide a streamlined workflow in a chemistry-free environment, thereby reducing printing cycle time and lowering production costs. Presstek solutions are designed to make it easier for printers to cost effectively meet increasing customer demand for high-quality, shorter print runs and faster turnaround while providing improved profit margins.
Presstek subsidiary, Lasertel, Inc., manufactures semiconductor laser diodes for Presstek's and external customers' applications.
For more information visit http://www.presstek.com/, or call 603-595-7000 or email: info@presstek.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this News Release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expected revenue, operating income (loss), EBITDA from continuing operations, the continuation of progress at reducing costs and expenses, customer demand, the results of the company's Business Improvement Plan, and the ability of the company to achieve its stated objectives. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, market acceptance of and demand for the company's products and resulting revenue, the results and impact of the company's internal reviews, the timing of the filing of the company's 10-K for the period ending December 29, 2007, the ability of the company to meet its stated financial and operational objectives, the possible delisting of the company's stock from the Nasdaq Stock Market, the company's dependency on its strategic partners (both manufacturing and distribution), the results of the pending investigation of the Company by the Securities and Exchange Commission, and other risks and uncertainties detailed in the company's Annual Report on Form 10-K and the company's other reports on file with the Securities and Exchange Commission. The words "looking forward," "looking ahead," "believe(s)," "should," "may," "expect(s)," "anticipate(s)," "project(s)," "likely," "opportunity," and similar expressions, among others, identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. The company undertakes no obligation to update any forward-looking statements contained in this news release.
Contact Information
Kathleen Makrakis
Director of Investor Relations
203-485-7534 ext 1432
kmakrakis@presstek.com
PRESSTEK, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per-share data)
(Unaudited)
Three months ended Twelve months ended
December December December December
29, 2007 30, 2006 29, 2007 30, 2006
Revenue
Product $51,636 $55,800 $215,875 $220,724
Service and parts 9,692 10,266 38,968 44,970
Total revenue 61,328 66,066 254,843 265,694
Cost of revenue
Product 35,459 39,288 152,545 154,250
Service and parts 7,054 7,392 31,622 32,466
Total cost of revenue 42,513 46,680 184,167 186,716
Gross profit 18,815 19,386 70,676 78,978
Operating expenses
Research and development 1,471 1,524 6,217 6,409
Sales, marketing and customer
support 9,551 9,950 39,870 39,970
General and administrative 9,804 5,397 34,211 19,938
Amortization of intangible
assets 409 644 2,408 2,980
Restructuring and other charges 1,187 5,689 2,714 5,481
Total operating expenses 22,422 23,204 85,420 74,778
Income (loss) from operations (3,607) (3,818) (14,744) 4,200
Interest and other expense, net 52 (562) (2,424) (1,826)
Income (loss) before income taxes (3,555) (4,380) (17,168) 2,374
Provision (benefit) for income
taxes (751) (11,880) (5,018) (10,643)
Income (loss) from continuing
operations (2,804) 7,500 (12,150) 13,017
Gain (loss) from discontinued
operations, net of tax $24 (2,803) $(54) (3,273)
Net income (loss) $(2,780) $4,697 $(12,204) $9,744
Earnings (loss) per share - basic
Income (loss) from continuing
operations $(0.08) $0.21 $(0.34) $0.36
Gain (loss) from discontinued
operations 0.00 (0.08) (0.00) (0.09)
$(0.08) $0.13 $(0.34) $0.27
Earnings (loss) per share - diluted
Income (loss) from continuing
operations $(0.08) $0.21 $(0.34) $0.36
Gain (loss) from discontinued
operations 0.00 (0.08) (0.00) (0.09)
$(0.08) $0.13 $(0.34) $0.27
Weighted average shares outstanding
Weighted average shares
outstanding - basic 36,549 35,626 36,199 35,565
Dilutive effect of options - 62 - 291
Weighed average shares
outstanding - diluted 36,549 35,688 36,199 35,856
PRESSTEK, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands)
(Unaudited)
December 29, December 30,
2007 2006
ASSETS
Current assets
Cash and cash equivalents $13,249 $9,449
Accounts receivable, net 42,879 53,158
Inventories, net 49,084 46,050
Assets of discontinued operations 15 3,321
Deferred income taxes 6,740 4,162
Other current assets 2,016 2,600
Total current assets 113,983 118,740
Property, plant and equipment, net 38,023 42,194
Goodwill 19,891 20,280
Intangible assets, net 6,287 8,741
Deferred income taxes 11,124 7,515
Other noncurrent assets 3,519 544
Total assets $192,827 $198,014
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Current portion of long-term debt
and capital lease obligation $7,035 $7,037
Line of credit 20,000 15,000
Accounts payable 18,603 27,126
Accrued expenses 23,713 10,471
Deferred revenue 7,196 7,901
Liabilities of discontinued operations 888 3,707
Total current liabilities 77,435 71,242
Long-term debt and capital lease
obligation, less current portion 8,500 15,535
Total liabilities 85,935 86,777
Commitments and contingencies
Stockholders' equity
Preferred stock - -
Common stock 366 357
Additional paid-in capital 115,884 108,769
Accumulated other comprehensive income 1,032 297
Retained earnings (accumulated deficit) (10,390) 1,814
Total stockholders' equity 106,892 111,237
Total liabilities and
stockholders' equity $192,827 $198,014
PRESSTEK, INC.
CONTINUING OPERATIONS SUPPLEMENTAL FINANCIAL INFORMATION (1 of 2)
$000's
(Unaudited)
Q4 2006 Q1 2007 Q2 2007 Q3 2007 Q4 2007
Key Units
Presstek DI Presses
(Excludes QMDI) 54 44 51 37 44
Presstek CtP Platesetters
(Excludes DPM) 35 44 47 47 46
Revenue - Growth Portfolio
Presstek DI Presses
(Excludes QMDI) 17,248 15,215 18,873 13,071 15,380
DI Kits 429 870 462 125 0
DI Plates 3,778 3,996 4,306 4,567 5,138
Total DI Revenue 21,455 20,081 23,641 17,763 20,518
Presstek CtP Platesetters
(Excludes DPM) 2,539 3,415 3,753 2,962 2,989
Chemistry Free CtP Plates 3,976 4,953 4,914 5,034 4,613
Total CtP Revenue 6,515 8,368 8,667 7,996 7,602
Service Transfer (1,001) (913) (1,253) (1,105) (1,438)
Service Revenue 2,012 1,983 2,368 2,184 3,394
Lasertel Revenue 1,874 1,689 2,186 1,951 2,445
Total Revenue - Growth
Portfolio (B) 30,855 31,209 35,608 28,789 32,521
Revenue - Traditional
Portfolio
QMDI Platform 6,880 5,243 5,750 5,121 4,678
Polyester CtP Platform 5,257 5,477 5,529 4,961 4,785
Other DI Plates 2,289 2,263 2,571 2,541 2,536
Conventional/Other 12,782 13,276 12,039 11,109 10,782
Total Product Revenue -
Traditional 27,207 26,259 25,889 23,732 22,781
Service Transfer (249) (249) (246) (219) (277)
Service Revenue -
Traditional 8,253 7,933 7,500 7,310 6,303
Total Revenue - Traditional
Portfolio (B) 35,211 33,943 33,143 30,823 28,807
Total Revenue (B) 66,066 65,152 68,751 59,612 61,328
Product Revenue Components %
Growth 46.7% 47.9% 51.8% 48.3% 53.0%
Traditional 53.3% 52.1% 48.2% 51.7% 47.0%
Geographic Revenues
(Origination) (B)
North America 51,990 46,133 51,454 46,789 45,891
Europe 14,076 19,019 17,296 12,823 15,437
Consolidated 66,066 65,152 68,751 59,612 61,328
Gross Margin
Presstek
Equipment 11.2% 13.0% 8.5% -0.3% 11.6%
Consumables 43.6% 41.8% 46.2% 45.7% 47.7%
Service 28.0% 22.4% 11.1% 14.7% 27.2%
Lasertel 20.1% 17.6% 30.3% -16.9% -3.3%
Consolidated 29.3% 28.4% 27.1% 24.8% 30.7%
Operating Expense (Excluding
Special Charges) $17,514 $18,459 $22,290 $20,722 $21,235
Profitability
Net income (loss) $4,697 $(978) $(4,830) $(3,616) $(2,780)
Add back: Net (income)
loss from discontinued
operations $2,803 $112 $(24) $(10) $(24)
Net income (loss) from
continuing operations $7,500 $(866) $(4,854) $(3,626) $(2,804)
Add back:
Interest 612 754 842 757 824
Other (income) expense (50) 143 151 (171) (876)
Tax charge (benefit) (11,880) (317) (626) (3,324) (751)
Incremental charges 0 1,020 4,917 6,286 3,637
Other charges (credits) 5,689 335 793 398 1,187
Operating income (loss)
from continuing operations 1,871 1,069 1,223 320 1,217
Add back:
Depreciation and
amortization 2,502 2,437 2,425 2,369 2,136
Other income (expense) 50 (143) (151) 171 876
EBITDA From Continuing
Operations (A) $4,423 $3,363 $3,497 $2,860 $4,229
PRESSTEK, INC.
CONTINUING OPERATIONS SUPPLEMENTAL FINANCIAL INFORMATION (2 0f 2)
Q4 2006 Q1 2007 Q2 2007 Q3 2007 Q4 2007
Cash Earnings From
Continuing Operations
Net income from
continuing operations 7,500 (866) (4,854) (3,626) (2,804)
Add back:
Other charges
(credits) 5,689 335 793 398 1,187
Depreciation and
amortization 2,502 2,437 2,425 2,369 2,136
Non cash portion of
equity compensation
(2006 forward 123R
related) 167 306 2,491 650 542
Non cash portion
of taxes (11,234) (254) (1,408) (2,767) (1,758)
Cash Earnings
From Continuing
Operations (A) 4,624 1,958 (553) (2,976) (697)
Working Capital
Current assets
(excluding net assets
of discontinued
operations) $115,419 $122,727 $123,465 $114,843 $113,968
Current liabilities
Short-term debt 22,000 29,000 28,000 28,000 27,000
All other current
liabilities 45,498 48,067 49,354 45,602 49,512
Current liabilities 67,498 77,067 77,354 73,602 76,512
Working capital 47,921 45,660 46,111 41,241 37,456
Add back short-term
debt 22,000 29,000 28,000 28,000 27,000
Working capital,
excluding short-term
debt (A) $69,921 $74,660 $74,111 $69,241 $64,456
Debt net of cash (A)
Calculation of total debt:
Current portion of
long-term debt $7,000 $7,000 $7,000 $7,000 $7,000
Line of credit 15,000 22,000 21,000 21,000 20,000
Long-term debt, net of
current portion 15,500 13,750 12,000 10,250 8,500
Total debt 37,500 42,750 40,000 38,250 35,500
Cash 9,449 5,711 7,319 8,253 13,249
Debt net of cash $28,051 $37,039 $32,681 $29,997 $22,251
Days Sales Outstanding 63 73 68 70 58
Days Inventory Outstanding 61 69 69 78 74
Capital Expenditures $736 $1,330 $748 $455 $513
Employees 813 813 792 770 712
(A) EBITDA [earnings before interest, taxes, depreciation, amortization
and restructuring and merger-related charges (credits)]; Working
capital, excluding short-term debt; Debt net of cash; and Cash earning
from continuing operations are not measures of performance under
accounting principles generally accepted in the United States of
America ("GAAP") and should not be considered alternatives for, or in
isolation from, the financial information prepared and presented in
accordance with GAAP. Presstek's management believes that EBITDA
provides meaningful supplemental information regarding Presstek's
current financial performance and prospects for the future. Presstek's
management believes that Cash earnings from continuing operations
provides meaningful supplemental information regarding Presstek's
current financial performance and prospects for the future. Presstek's
management believes that Working capital, excluding short-term debt,
provides meaningful supplemental information regarding Presstek's
ability to meet its current liability obligations. Presstek's
management believes that Debt net of cash provides meaningful
information on Presstek's debt relative to its cash position. Presstek
believes that both management and investors benefit from referring to
these non-GAAP measures in assessing the performance of Presstek's
ongoing operations and liquidity, and when planning and forecasting
future periods. These non-GAAP measures also facilitate management's
internal comparisons to Presstek's historical operating results and
liquidity. Our presentations of these measures, however, may not be
comparable to similarly titled measures used by other companies.
Reconciliations of these measures to GAAP are included in the tables
above.
(B) Q3 2007 results reflect $1.5 million decrease in revenue due to the
correction of certain revenue transactions.
** Certain amounts may be subject to reclassification to conform to
current presentation.
Presstek, Inc.
CONTACT: Kathleen Makrakis, Director of Investor Relations of Presstek, Inc. +1-203-485-7534 ext 1432, kmakrakis@presstek.com
Web site: http://www.presstek.com/
Home & Garden Advertisers Tap Into 9.4 Million Monthly Unique Users at Move(R)Site Enhancements Optimize Advertiser Opportunity and Add New Video Content Partners, including This Old House(R), The Victory Garden(R), BeJane(R), Hometime(R)
LOS ANGELES, April 3, 2008 /PRNewswire-FirstCall/ -- Move, Inc. , the leader in online real estate, announces Move.com(R) and REALTOR.com(R) now offer advertisers a more targeted and effective venue accessing Move's network of over 9.4 million unique monthly users[1] through new video and content innovations on its Home & Garden Content Channel. Video content is now featured on the Channel from This Old House(R), The Victory Garden(R), BeJane(R), Hometime(R), and Point-Click-Home(R) (Metropolitan Home(R), Elle Decor(R)).
In addition to adding a fresh and steady stream of brand name video content, Move's Home & Garden Content Channel has been revamped to offer a new look and feel, more than double the content, cutting edge tools, and relevant links designed to help home enthusiasts at all stages of the home spending cycle turn inspiration into action.
New advertising opportunities include 15-second pre-roll video placements and companion half-page ads that help advertisers target Move's home enthusiasts, a lucrative audience of millions of homeowners passionate about their homes well beyond the first year of purchase.
"The Home & Garden Content Channel has now become an even more compelling opportunity for advertisers to increase brand awareness and drive sales through access to Move's exclusive network of real estate web sites, the largest audience of consumers searching for real estate and home-related content on the web," said Patty Mitchell, senior vice president of consumer media at Move, Inc. "Our Home & Garden Content Channel advertisers will live in an elite marketplace featuring deep, value-added information and do-it- yourself advice from well known brand names consumers trust."
With Move's expansion of its video content, Home & Garden Content Channel advertisers can now purchase 15-second pre-roll video placements and companion half-page ads that appear adjacent to video content from the site's rapidly growing list of leading home and garden brands. SEO best practices were also recently enhanced to optimize search engine placements. In addition, new performance metrics now continually monitor the site so lessons learned can be built into updates and message optimization. Sites within the Move network continue to offer leaderboard (top/bottom), half-page, medium rectangle and transitional ad positions that can be targeted by internet protocol (IP), zip code, visitor behavior or day parted.
"We've found Move's Home & Garden Content Channel to be an excellent source of home enthusiasts," said Cameron Snyder, spokesperson for Andersen Windows. "Its compelling content directs the online audience toward our brand, delivering significant time-on-site and extending our relationship with the Move.com and Realtor.com audiences."
Move is well positioned to capture a significant share of new revenue as advertisers continue to shift their spending toward the Internet. Advertising dollars have been shifting steadily online, away from traditional media from 2004 through 2007, with newspapers and broadcast TV losing $890 and $720 million per year, respectively[2]. Analysts predict that US online advertising spend will continue to grow through 2008, rising by 23%[3].
"Several elements unique to the Internet will support continued US ad spending growth even if other media falter," said David Hallerman, senior analyst at eMarketer. "The greater ability to measure ads online will likely encourage marketers with reduced budgets. Those same marketers are finding that the audiences they need to target are spending more of their media time on the Web."
Further underscoring the unique advertising opportunity at Move, a recent study by BIGresearch[4] found that adults planning to purchase a home in six months are almost twice as likely (10.8% vs. 5.7%) to be influenced by paid/sponsored links.
"Research tells us that Move's audience is more likely to be receptive to relevant advertising and promotions, making it one of the best Internet advertising values available for consumer-driven marketers," said Mitchell.
The Move home enthusiast audience is appropriate for advertising from automotive, retail, consumer packaged goods, financial services, telecommunications, Internet and other consumer-driven companies.
"By increasing the overall caliber and quality of our content and the engaging features of our sites, we fully expect to enhance both the consumer and advertiser experience," said Mitchell. "We're confident Move's Home & Garden Content Channel will continue to grow in consumer popularity as a home and lifestyle destination as our fresh and appealing content becomes even richer."
ABOUT MOVE, INC.
Move, Inc. is the leader in online real estate with 9.4 million[1] monthly visitors to its online network of websites. Move, Inc. operates: Move.com(R), a leading destination for information on new homes and rental listings, moving, home and garden and home finance; REALTOR.com(R), the official Web site of the National Association of REALTORS(R); Welcome Wagon(R); Moving.com; SeniorHousingNet(TM); and TOP PRODUCER(R) Systems. Move, Inc. is based in Westlake Village, California, and employs more than 1600 individuals throughout North America. For more information: http://www.move.com/.
[1] comScore February 2008
[2] Reasons to Shift Offline Spend Online, 10/6/06
[3] Online Advertisers To Spend Through Turbulence
[4] BIGresearch's SIMM 11: Who Is Influenced by Sponsored Links? 3/5/08
This press release may contain forward-looking statements, including information about management's view of Move's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move's future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080213/MOVEINCLOGO)
Photo: http://www.newscom.com/cgi-bin/prnh/20080213/MOVEINCLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Move, Inc.
CONTACT: Julie Reynolds of Move, Inc., +1-818-264-5594, julia.reynolds@move.com; Sierra Wilson of Edelman, +1-323-202-1416, sierra.wilson@edelman.com, for Move, Inc.
Web site: http://www.move.com/
XsunX Announces Selection of Facility for its New Thin Film Solar Module Manufacturing Operations
ALISO VIEJO, Calif., April 3, 2008 /PRNewswire-FirstCall/ -- XsunX, Inc. (BULLETIN BOARD: XSNX) , a solar technology Company engaged in the build- out of its multi-megawatt thin film photovoltaic (TFPV) solar manufacturing facilities, announced today that it had completed negotiations and entered into a lease for its new manufacturing facility to be located in Oregon, U.S.A.
The existing building, located in the City of Wood Village just east of Portland, Oregon, provides approximately 90,000 square feet for the Company's integrated TFPV manufacturing operations. The location provides strategic access to shipping and transportation corridors, and sufficient amounts of clean hydro electric power to operate the Company's manufacturing systems.
"We are happy to announce that we have selected a building, entered into a lease, and that we can begin efforts to prepare that facility for our manufacturing systems," stated Mr. Tom Djokovich, CEO for XsunX. "We conducted a design review of the facility and its suitability for our planned manufacturing system and were pleased with the results. Had we built a facility from scratch, it would have been less of a challenge to design floor space specifically to meet our needs; however, in the end we believe it was the correct choice to work with existing buildings in an effort to reduce start-up and operating costs. Overall, our timeline was to complete the lease process near the end of March and we are still on track with our efforts to establish our first 25 mega-watts of thin-film solar module manufacturing capabilities," concluded Djokovich.
The building XsunX is leasing in Oregon was operated until recently by another high tech manufacturer from whom XsunX will be subleasing the facilities. In its design and use study of the building, XsunX found certain existing support systems of the structure complementary to its operations and is negotiating with the current operator to purchase certain industrial equipment for use by XsunX in its manufacturing operations. XsunX and the current operator have worked with the primary landlord during the negotiation process as the master lease provides for sublease approval by the primary landlord. This approval is anticipated within fifteen days.
A more detailed description of the lease agreement is set forth in the Company's Current Report on Form 8-K recently filed with the SEC which the Company encourages be reviewed carefully.
For more information about XsunX, please visit http://www.xsunx.com/ .
Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
XsunX, Inc.
CONTACT: XsunX, Inc. Investor Relations, +1-888-797-4527
Web site: http://www.xsunx.com/
Oracle Prices $5 Billion of Investment Grade Notes
REDWOOD SHORES, Calif., April 3, 2008 /PRNewswire-FirstCall/ -- Oracle Corporation today announced the pricing of its sale of $1.25 billion of 4.95% Notes due 2013 (the "2013 Notes"), $2.50 billion of 5.75% Notes due 2018 (the "2018 Notes") and $1.25 billion of 6.50% Notes due 2038 (the "2038 Notes"). The offering is expected to close on April 9, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
The 2013 Notes will bear interest at the rate of 4.95% per year, the 2018 Notes will bear interest at the rate of 5.75% per year and the 2038 Notes will bear interest at the rate of 6.50% per year. Interest will be payable semi-annually on April 15 and October 15 for each of the 2013 Notes, the 2018 Notes and the 2038 Notes.
Oracle intends to use the net proceeds from the offering to fund the purchase of BEA Systems, Inc. (expected to close in Oracle's fourth quarter of fiscal 2008), for acquisition related expenses and for general corporate purposes.
The offering is being made through an underwriting syndicate led by Citi, Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. Incorporated.
The offering of these securities is made only by means of a prospectus, copies of which may be obtained by contacting: Citigroup Global Markets Inc., Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, Telephone: (877) 858-5407; Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010, Telephone: (800) 221-1037; or Morgan Stanley & Co. Incorporated, 180 Varick Street 2/F, New York, NY 10014, Attention: Prospectus Department, Telephone: (866) 718- 1648.
The notes are being offered pursuant to an automatically effective shelf registration statement filed with the Securities and Exchange Commission on May 10, 2007.
Important Information
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Oracle
CONTACT: Roy Lobo, Oracle Investor Relations, +1-650-506-0483, investor_us@oracle.com, or Deborah Hellinger, Oracle Corporate Communications, +1-650-506-5158, deborah.hellinger@oracle.com
Alesayi Awards ACS Contract to Provide Automated Traffic Management Expertise for Kingdom of Saudi ArabiaVisionary program will be world's most sophisticated countrywide approach to traffic management
DALLAS, April 3, 2008 /PRNewswire-FirstCall/ -- Innovative use of automated traffic management technology will improve public safety and reduce traffic congestion throughout Saudi Arabia under a first-of-its-kind program sponsored by the kingdom's Ministry of the Interior. As part of the program, Affiliated Computer Services, Inc. has been awarded a contract by Saudi firm Omar K. Alesayi Communications and Space Services Company Ltd. (Alesayi) to implement the project.
Alesayi was awarded a contract for implementation and operations of the Automatic Traffic Violations Administering and Monitoring (ATVAM) program for the kingdom's central region, which includes the city of Riyadh and the region of Al-Qassim. During the two-year implementation period, ACS will provide systems integration and project management services to oversee and coordinate all project activities and suppliers.
The visionary traffic management program is the largest of its kind in the world. It is aimed at helping the kingdom reduce traffic deaths and injuries through changing driver behavior. The ATVAM program includes sophisticated photo law enforcement systems and traffic management and security systems across the entire kingdom. Speed and red-light enforcement tickets will fund the project.
"We selected ACS for this innovative program because of its extensive experience in complex transportation technology deployments, photo enforcement systems, and high volume violations processing," said Mohammed Omar Alesayi, Omar Kassem Alesayi Group's president and chief executive officer. "We welcome ACS to our team that will provide the world's most comprehensive countrywide traffic management solution, and look forward to a smooth implementation under ACS' oversight."
As the systems integrator, ACS will manage the deployment of traffic infrastructure technologies that include law enforcement systems, traffic management and command control centers.
"ACS has the deep experience across a multitude of automated traffic technologies that's needed on this complex project," said Michael Huerta, ACS managing director, Transportation Solutions. "Our partnership with Alesayi will enhance the kingdom's traffic infrastructure, resulting in improved public safety and reduced congestion."
ACS is the industry leader in providing transportation services to governments worldwide. ACS' Transportation Solutions business helps government agencies in more than 30 countries address their challenges through revenue collection and regulation compliance services. Our industry-leading solutions include electronic toll collection, public transport fare collection, parking fare collection, public safety photo enforcement, commercial vehicle credentialing, traffic and parking violation processing and collection, and port management services.
Alesayi is a member of Omar Kassem Alesayi Group (OKAG), primarily serving the information technology industry. It is one of the leading Saudi companies in the IT industry. Its technology solutions address the different domains. Recently the company has been involved in business solutions for different ministries of the Government of Saudi Arabia. Since its inception, the company has always been recognized as a pioneer in introducing new technologies and solutions in the Kingdom well ahead of its competition (both local as well as international). Learn more about Alesayi at http://www.acssco.com/
ACS, a global FORTUNE 500 company with 62,000 people supporting client operations reaching more than 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." Learn more about ACS at http://www.acs-inc.com/.
The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the Company's prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.
Affiliated Computer Services, Inc.
CONTACT: Investor Relations, Jon Puckett, Vice President, Investor Relations, +1-214-841-8281, jon.puckett@acs-inc.com, or Media, Andy Wilson, Director, Corporate Communications, +1-214-841-8004, andy.wilson@acs-inc.com, both of Affiliated Computer Services, Inc.
Web site: http://www.acs-inc.com/
Lottomatica Subsidiary GTECH Corporation to Acquire St Enodoc Holdings Limited, the Owner of St Minver, the Leading Provider of White Label Internet Gaming SolutionsAcquisition Furthers Company Strategy of Expanding Into Global Interactive Gaming Market
ROME and PROVIDENCE, R.I., April 3, 2008 /PRNewswire-FirstCall/ -- Lottomatica S.p.A. (Pink Sheets: LTTOY) announced that its wholly-owned subsidiary, GTECH Corporation, has entered into an agreement to acquire 90 percent of Gibraltar-based St Enodoc Holdings Limited and its subsidiaries including St Minver Limited, the leading provider of end-to-end white label gaming services. GTECH will pay euro 28 million for the 90 percent equity stake on a cash and debt free basis at closing, and up to an additional euro 13.6 million based on the performance of the business in 2008 and 2009. The acquisition, which is expected to be completed within the current quarter, is subject to regulatory and certain other closing conditions. Ten percent of St Enodoc will remain with Gary Shaw, Founder and Chairman, until at least 2012, at which point both Mr. Shaw and GTECH have the right to cause GTECH to acquire Mr. Shaw's shares.
The Company expects to fund the transaction from existing cash balances. In its last reported fiscal year ended June 30, 2007, St Enodoc Group had total revenues of approximately euro 13.7 million.
"As we continue to expand our presence in regulated Internet-based gaming, St Enodoc is a logical fit," said Jaymin B. Patel, GTECH President and CEO. "The St Enodoc group has provided white label management services to some of the most recognized brands in Europe operating interactive bingo, poker, and casino games including specialized support for peer-to-peer networks around managing fraud, collusion, and various tournaments. For companies in both gaming and non-gaming industries that want to offer Internet-based gaming, St Enodoc provides solutions to afford these organizations the ability to maintain their brand and customers while essentially outsourcing the gaming operation to St Enodoc."
"With more gaming markets around the globe approving and regulating interactive gaming channels, GTECH will be well positioned to provide a full- service solution or part thereof," continued Mr. Patel.
"As the market enters a new phase of development, industrial scale on a global basis will determine which businesses succeed," said Gary Shaw, Founder and Chairman of St Enodoc. "The St Enodoc management team is delighted that it can leverage its Internet gaming capability to be part of one of the companies that will shape the future of the gaming market."
The regulated Internet-based gaming market generates an estimated Gross Gaming Yield of $15.1 billion annually. Lottomatica Group believes this market is poised for continued growth, and there will be an increasing demand for Internet-based gaming services and technology in regulated markets in Europe, Asia, and Latin America.
"Given that St Enodoc's strategy has always been to operate in markets where its offerings are legal and regulated, joining a truly global, highly- regulated business like GTECH, made the most sense," said Jim Ryan, CEO of St Enodoc. "We can now leverage GTECH's unrivalled international footprint to further the reach and scale of our games and services."
Founded in September 2003, St Enodoc currently employs approximately 165 people in Europe including London and Gibraltar as well as Hyderabad, India. GTECH intends to maintain St Enodoc as a separate operation and the St Minver brand identity. The founder and entire senior management will remain with the organization to continue to help grow and develop the business. Currently, St Minver has 98 gaming sites and 76 media, lifestyle, and other branded partners using its white label services. The company does not accept wagers from the United States.
St Minver operates one of the largest bingo networks in the world and offers pooled bingo rooms by currency, each with uniquely managed and optimized schedules. In addition, St Minver supports Boss Media's IPN, the fifth largest European poker network hosting more than 12,000 players at peak times by providing support services and liquidity through some of its customers.
Lottomatica is one of the world's largest commercial lottery operators and a market leader in the Italian gaming industry. GTECH is a leading gaming technology and services company, providing innovative technology, creative content, and superior service delivery. GTECH and Lottomatica together create a fully integrated lottery operator and gaming technology solutions provider - a combined company with worldwide scale, considerable financial strength, and industry-leading customer solutions. Lottomatica is majority owned by De Agostini, which belongs to a century-old publishing, media, and financial services group. Lottomatica is publicly traded on the Italian Stock Exchange (LTO), and in 2007, had approximately €1.7 billion in revenues and 5,900 employees in over 45 countries when combined with GTECH.
For further information:
AD HOC Communication Advisors 02/7606741
Mario Pellegatta - Matteo Cidda 335/1415585
This press release and the previous ones are available on the web site: http://www.adhoccommunication.it/
Lottomatica web site: http://www.gruppolottomatica.it/
GTECH contact: Robert K. Vincent Public Affairs 1-401-392-7452
GTECH web site: http://www.gtech.com/
GTECH Corporation; Lottomatica S.p.A.
CONTACT: AD HOC Communication Advisors, 02/7606741, or Mario Pellegatta or Matteo Cidda, 335/1415585; GTECH contact: Robert K. Vincent, Public Affairs, +1-401-392-7452
Web site: http://www.gtech.com/ http://www.gruppolottomatica.it/ http://www.adhoccommunication.it/
Alesayi Awards ACS Contract to Provide Automated Traffic Management Expertise for Kingdom of Saudi Arabia
DALLAS, April 3 /PRNewswire/ --
- Visionary program will be world's most sophisticated countrywide
approach to traffic management
Innovative use of automated traffic management technology will improve
public safety and reduce traffic congestion throughout Saudi Arabia under a
first-of-its-kind program sponsored by the kingdom's Ministry of the
Interior. As part of the program, Affiliated Computer Services, Inc.
(NYSE: ACS) has been awarded a contract by Saudi firm Omar K. Alesayi
Communications and Space Services Company Ltd. (Alesayi) to implement the
project.
Alesayi was awarded a contract for implementation and operations of the
Automatic Traffic Violations Administering and Monitoring (ATVAM) program for
the kingdom's central region, which includes the city of Riyadh and the
region of Al-Qassim. During the two-year implementation period, ACS will
provide systems integration and project management services to oversee and
coordinate all project activities and suppliers.
The visionary traffic management program is the largest of its kind in
the world. It is aimed at helping the kingdom reduce traffic deaths and
injuries through changing driver behavior. The ATVAM program includes
sophisticated photo law enforcement systems and traffic management and
security systems across the entire kingdom. Speed and red-light enforcement
tickets will fund the project.
"We selected ACS for this innovative program because of its extensive
experience in complex transportation technology deployments, photo
enforcement systems, and high volume violations processing," said Mohammed
Omar Alesayi, Omar Kassem Alesayi Group's president and chief executive
officer. "We welcome ACS to our team that will provide the world's most
comprehensive countrywide traffic management solution, and look forward to a
smooth implementation under ACS' oversight."
As the systems integrator, ACS will manage the deployment of traffic
infrastructure technologies that include law enforcement systems, traffic
management and command control centers.
"ACS has the deep experience across a multitude of automated traffic
technologies that's needed on this complex project," said Michael Huerta, ACS
managing director, Transportation Solutions. "Our partnership with Alesayi
will enhance the kingdom's traffic infrastructure, resulting in improved
public safety and reduced congestion."
ACS is the industry leader in providing transportation services to
governments worldwide. ACS' Transportation Solutions business helps
government agencies in more than 30 countries address their challenges
through revenue collection and regulation compliance services. Our
industry-leading solutions include electronic toll collection, public
transport fare collection, parking fare collection, public safety photo
enforcement, commercial vehicle credentialing, traffic and parking violation
processing and collection, and port management services.
Alesayi is a member of Omar Kassem Alesayi Group (OKAG), primarily
serving the information technology industry. It is one of the leading Saudi
companies in the IT industry. Its technology solutions address the different
domains. Recently the company has been involved in business solutions for
different ministries of the Government of Saudi Arabia. Since its inception,
the company has always been recognized as a pioneer in introducing new
technologies and solutions in the Kingdom well ahead of its competition (both
local as well as international). Learn more about Alesayi at
http://www.acssco.com
ACS, a global FORTUNE 500 company with 62,000 people supporting client
operations reaching more than 100 countries, provides business process
outsourcing and information technology solutions to world-class commercial
and government clients. The company's Class A common stock trades on the New
York Stock Exchange under the symbol "ACS." Learn more about ACS at
http://www.acs-inc.com.
The statements in this news release that do not directly relate to
historical facts constitute "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. These statements are
subject to numerous risks and uncertainties, many of which are outside the
Company's control. As such, no assurance can be given that the actual events
and results will not be materially different than the anticipated results
described in the forward-looking statements. Factors could cause actual
results to differ materially from such forward-looking statements. For a
description of these factors, see the Company's prior filings with the
Securities and Exchange Commission, including our most recent filing. ACS
disclaims any intention or obligation to revise any forward-looking
statements, whether as a result of new information, future event, or
otherwise.
Web site: http://www.acs-inc.com
Affiliated Computer Services, Inc.
Investor Relations, Jon Puckett, Vice President, Investor Relations, +1-214-841-8281, jon.puckett@acs-inc.com, or Media, Andy Wilson, Director, Corporate Communications, +1-214-841-8004, andy.wilson@acs-inc.com, both of Affiliated Computer Services, Inc.
Middle East Operator Uses Comptel Dynamic OSS for Data Retention
HELSINKI, Finland, April 3 /PRNewswire/ --
- Comptel Solution Helps Comply With National Requirements for Data
Retention of Voice Call and Other Services Data
Comptel Corporation (OMX Helsinki: CTL1V), the leading vendor of dynamic
Operations Support System (OSS) software, announced today that Comptel Data
Retention Solution has been deployed by Middle Eastern operator. The operator
uses the solution to collect and retain data related to voices calls and
usage of other services. This data can then be used by authorities to combat
serious crimes, including terrorism.
Many countries around the world are enacting legislation that mandates
the retention of data related to use of telecom services. For example, the EU
Data Retention Directive came into effect last autumn. These data retention
legislations can be very problematic and costly to implement from an
operators' point of view, not least because of the wide variety of sources of
data, and the huge volumes involved.
Comptel Data Retention Solution is a turn-key solution that includes
Comptel software pre-installed on Sun Microsystems hardware. Comptel's
field-proven and market-leading data processing software is used to collect
and process the call data from the various networks. The collection and
processing process is handled by Comptel's patented billing mediation
software. The data is then compressed and stored in a database for quick and
easy access when needed. Comptel's software has off-the-shelf features
covering data processing, reporting usage and data handover auditing,
low-cost storage and other authority-based requirements needed for a data
retention solution.
Comptel Data Retention Solution was launched last year and this license
sale was concluded during the last quarter of the year.
About Comptel Corporation
Comptel provides Comptel Dynamic OSS solutions, enabling telecom service
providers to deliver services flexibly and charge them effectively. Comptel's
expertise in inventory, provisioning and activation, mediation and charging
empowers service providers to focus on delivering the innovative services.
Established in 1986, Comptel has around 550 employees worldwide. Net sales
were EUR 82.4 million in 2007. Comptel has provided solutions to 260
customers with 500 million subscribers in 85 countries.
http://www.comptel.com
Comptel Corporation
Olivier Suard, olivier.suard@comptel.com, +44-20-78874513
Middle East Operator Uses Comptel Dynamic OSS for Data Retention
HELSINKI, April 3 /PRNewswire/ --
- Comptel Solution Helps Comply With National Requirements for Data
Retention of Voice Call and Other Services Data
Comptel Corporation (OMX Helsinki: CTL1V), the leading vendor of dynamic
Operations Support System (OSS) software, announced today that Comptel Data
Retention Solution has been deployed by Middle Eastern operator. The operator
uses the solution to collect and retain data related to voices calls and
usage of other services. This data can then be used by authorities to combat
serious crimes, including terrorism.
Many countries around the world are enacting legislation that mandates
the retention of data related to use of telecom services. For example, the EU
Data Retention Directive came into effect last autumn. These data retention
legislations can be very problematic and costly to implement from an
operators' point of view, not least because of the wide variety of sources of
data, and the huge volumes involved.
Comptel Data Retention Solution is a turn-key solution that includes
Comptel software pre-installed on Sun Microsystems hardware. Comptel's
field-proven and market-leading data processing software is used to collect
and process the call data from the various networks. The collection and
processing process is handled by Comptel's patented billing mediation
software. The data is then compressed and stored in a database for quick and
easy access when needed. Comptel's software has off-the-shelf features
covering data processing, reporting usage and data handover auditing,
low-cost storage and other authority-based requirements needed for a data
retention solution.
Comptel Data Retention Solution was launched last year and this license
sale was concluded during the last quarter of the year.
About Comptel Corporation
Comptel provides Comptel Dynamic OSS solutions, enabling telecom service
providers to deliver services flexibly and charge them effectively. Comptel's
expertise in inventory, provisioning and activation, mediation and charging
empowers service providers to focus on delivering the innovative services.
Established in 1986, Comptel has around 550 employees worldwide. Net sales
were EUR 82.4 million in 2007. Comptel has provided solutions to 260
customers with 500 million subscribers in 85 countries.
http://www.comptel.com
Comptel Corporation
Olivier Suard, olivier.suard@comptel.com, +44-20-78874513
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