Companies news of 2008-04-23 (page 4)
Microsoft Announces Vida Digital Latina CampaignMicrosoft embarks on a four-city tour to...
EMC Posts Record First-Quarter RevenueAchieves Double-Digit Revenue Growth in Systems,...
UCN Signs Significant Enterprise Contact Center Accounts in First Quarter 2008UCN Secures...
Shiner International Awarded Entrepreneurs Creativity Medal by the World Federation of...
New Study From The Wharton School and CareerBuilder.com Identifies Jobs at Risk for...
New Iomega(R) ScreenPlay(TM) HD Multimedia Drive Brings High-Definition Content, via...
SmartCard Marketing Systems Inc. (Pink Sheets: SMKG) To Launch Smartcarddirect.com...
Powell Industries Announces Fiscal 2008 Second Quarter Earnings Release and Conference...
The9 Limited Announces Equity Investment in G10 Entertainment
LIONAX et T-COMM Tracking & Tracing lancent une nouvelle offre de surveillance de pression...
LIONAX and T-COMM Tracking & Tracing Jointly Launch a New Solution for Tire Pressure...
ECtel Strengthens Market Position With Launch of Fraudview(R) 8.2The New Version Expands...
Card Activation Technologies Inc. to Present at the LD MICRO Conference
Oberthur Technologies XPon Offer
E-Marketers, ISPs Take Fresh Look at Battling Spam With Revised MAAWG Best Practices for...
Oberthur Technologies Offre XPon
Microsoft Announces Worldwide Availability of E-Government PlatformCitizen Service...
Zebra Technologies Announces Chief Financial Officer TransitionRandy Whitchurch to retire...
Zebra Technologies Announces 2008 First Quarter Financial ResultsStrong sales growth in...
Microsoft Announces Worldwide Availability of E-Government Platform
Northrop Grumman Demonstrates Mobile Broadband Wireless Capability in UK Public Safety...
Les cybermarchands et les FAI disposent d'un nouveau moyen de lutter contre le spam grâce...
Global Sources Scheduled to Report First Quarter 2008 Results on May 22, 2008
FAST and 100% Fotball Help Norwegian Soccer Fans Score Best Information on Sport
The Scientific Business of Thomson Reuters and King's College London Host Conference on...
The Scientific Business of Thomson Reuters and King's College London Host Conference on...
Mercury Computer Systems Signs Exclusive Licensing Agreement with Honeywell for Mercury's...
Broadcom Expands Networking Portfolio With Turnkey Solution for Enterprise Wireless Access...
Federal Signal Declares Quarterly Cash Dividend
Microsoft Announces Vida Digital Latina CampaignMicrosoft embarks on a four-city tour to bring free technology education to the U.S. Hispanic community.
REDMOND, Wash., April 23 /PRNewswire-FirstCall/ -- Microsoft Corp. today announced the official launch of the Vida Digital Latina campaign to promote computer literacy among Hispanics. Microsoft joined forces with ASPIRA, a national nonprofit organization devoted to the education and leadership development of Latino youth, and Latinos in Information Sciences and Technology Association (LISTA), an organization founded to close the digital divide among Latino communities. Together they will offer free computer literacy education to Hispanics in Los Angeles, Miami, New York City and San Francisco. A series of free Spanish-language classes will be offered in each market and will highlight the safety features of Windows Vista and the overall program benefits.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)
As part of the educational seminars, technology expert and Latino cyberguy Jose Ulloa will join local Windows Vista Ambassadors to share their expertise and personal stories on integrating technology and Windows Vista into their daily lives.
"Latinos are more likely to adapt to new technology such as computers, mobile phones, cameras, MP3 players and game consoles than the general market consumer," Ulloa said, on behalf of Microsoft's Vida Digital Latina program.
The Vida Digital Latina platform was created to further engage and increase technology education among U.S. Latinos. Windows Vista classes and presentations are free and open to the public and will be held on the following dates:
* New York: April 25, Compass Community Center, Bronx, 10:30 a.m.
* Miami: May 14, Jobing.com offices, 8:30 a.m.
* San Francisco: May 20, Hilton San Francisco, 8:30 a.m.
* Los Angeles: June 11, Jobing.com offices, 8:30 a.m.
"Microsoft is excited to partner with organizations such as ASPIRA and LISTA to further promote computer literacy and educational outreach among the Hispanic community. Together, we hope to empower Hispanics to use technology in ways that allow them to advance in the workplace, promote communication with loved ones back home and retain valuable family memories," said Jose Pinero, director of multicultural marketing at Microsoft. "By entering these markets and providing interactive events that allow the Hispanic community to engage and learn one-on-one, we hope to increase awareness of technology tools that widely go unused or unnoticed."
Windows Vista provides innovative tools to help create a safer computing experience for the family and allow parents to better manage and monitor their children's PC and Internet activities. Parents can manage and monitor PC and Internet access with a few simple clicks in the new Windows Vista Parental Controls center and decide what kinds of TV, music and games are appropriate for their children. New features in Windows Vista include the following:
* Parental Controls with monitoring and activity reports. Windows
Vista allows parents not only to set the rules, but also to
supervise how the rules are followed by the different users of a
Windows Vista-equipped PC. The new monitoring system provides
parents with reports that show computer activity and time online per
user, and also has the ability to limit Internet access to certain
times for specific users.
* Multilingual User Interface. Windows Vista Ultimate edition with
Multilingual User Interface allows users to keep one or several
languages installed on the same computer. Now, depending on the
user, the Windows menus can appear in English or Spanish.
* Windows Media Center music. With the Windows Media Center in Windows
Vista Home Premium and Windows Vista Ultimate, consumers are the
disc jockeys of their own music and can control the mood. Users will
be able to find their music by looking at the compact disc covers on
screen. They can select music by genre, artist, year, song or album,
and can then transfer it to their MP3 player or sound system, or
burn a CD with their favorite mix.
* Windows Aero graphical interface. The new Windows Aero user
interface offers special features, such as the "glass" effect that
makes a clear and transparent difference by allowing users to locate
information at a glance. In addition, with live thumbnails, users
can take a look at the content of a given window from the taskbar,
without fully opening that particular window.
About ASPIRA
ASPIRA of New York is a Hispanic youth services agency founded in 1961 whose goal is to foster the social advancement of the Hispanic community by helping Latino young people aspire to improve their lives through educational excellence and to better their communities through enlightened leadership. ASPIRA serves more than 8,000 young people and their families across the city through a variety of initiatives, including school-based leadership development clubs, dropout prevention programs, college and career advisement, SAT prep and parent engagement, among other efforts.
About Latinos in Information Sciences and Technology Association (LISTA)
LISTA promotes the utilization of the technology sectors for the empowerment of the Latino community. We are an organization that is committed to bringing various elements of Technology under one central hub to facilitate our partners, members and the community with the leverage and education they need to succeed in a highly advanced technologically driven society. LISTA Mission is to educate, motivate and encourage the use of technology in the Latino community and empowering them to bridge the digital divide.
About Microsoft
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
Some product features are only available in certain Windows Vista editions and may require advanced or additional hardware and Internet service (provider subscription or other service fees may apply). For details, visit http://www.windowsvista.com/.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
Microsoft Corp.
CONTACT: Cynthia Negron of Edelman Multicultural, +1-212-704-4465, Cynthia.Negron@edelman.com, for Microsoft
Web site: http://www.microsoft.com/
EMC Posts Record First-Quarter RevenueAchieves Double-Digit Revenue Growth in Systems, Software and Services and Across U.S., Europe, and Asia Pacific
HOPKINTON, Mass., April 23 /PRNewswire-FirstCall/ -- EMC Corporation , the world leader in information infrastructure solutions, today announced all-time record first-quarter revenue and its 19th consecutive quarter of double-digit year-over-year revenue growth. EMC's total consolidated revenue for the first quarter of 2008 was $3.47 billion, an increase of 17% over the $2.98 billion reported for the first quarter of 2007.
First-quarter GAAP net income was $268.8 million, or $0.13 per diluted share, which included a $79.2 million non-cash charge for in-process research and development (IPR&D) resulting from acquisitions completed during the quarter. Excluding this charge, net income was $348.0 million or $0.16 per diluted share. Non-GAAP first-quarter net income, which excludes the IPR&D charge and other items(1), was $477.3 million or $0.23 per diluted share, 28% higher than the non-GAAP earnings per diluted share of $0.18 for the year-ago period.
During the quarter, EMC generated operating cash flow of $918.3 million, an increase of 14% compared with the same period a year ago, and free cash flow of $717.5 million, an increase of 22% year-over-year.
Joe Tucci, EMC Chairman, President and Chief Executive Officer, said, "EMC is off to a solid start to the year, and we remain on track to achieve the 2008 financial targets we set for the business at the beginning of the year. We entered the year with the strongest and most diversified product, solutions and services portfolio in our history. From the consumer to the small- and medium-sized business and up through the enterprise, we are delivering to the market high-quality, innovative IT solutions faster than ever before. These offerings remain squarely aligned with top CIO spending priorities and are optimized to help businesses manage their information and drive IT efficiency throughout their organizations."
"Looking ahead, EMC's growth opportunities are many as we continue to aggressively strengthen our core business, grow into new and adjacent markets and expand our presence around the globe," Tucci added. "The power of our technology portfolio positions us well to extend our leadership and continue gaining share."
Compared with the first quarter of 2007, EMC systems revenue increased 10% and represented 41% of total first-quarter revenue. Software license and maintenance revenue increased 18% and accounted for 41% of total revenue. Other services revenue grew 30% and represented 18% of total revenue.
From a geographic perspective, revenue from North America increased 14% compared with the same period a year ago and represented 57% of total first- quarter revenue. Revenue from operations outside of North America grew 21% year-over-year, driven by double-digit revenue growth in each of EMC's Europe, Middle East and Africa (EMEA), Asia-Pacific and Japan (APJ) and Latin America regions.
David Goulden, EMC Executive Vice President and Chief Financial Officer, said, "EMC demonstrated strong revenue growth and operating performance. Our focus on investing in and delivering the right solutions to the right markets continues as the driving force behind our successful and diversified business model. This focus will serve EMC, our customers and shareholders well as we not only sustain but extend our market and technology leadership."
In the first quarter, EMC continued to return value to shareholders by leveraging its strong cash position, spending approximately $557.2 million to repurchase approximately 36 million shares of EMC. This completed the company's $2 billion share repurchase plan it embarked upon in January 2007. In addition, EMC recently increased its share repurchase authorization by 250 million shares.
First-Quarter Highlights
Revenue from EMC's Information Storage business, which includes revenue from storage systems, storage software and related customer and professional services, reached $2.71 billion, an increase of 12% compared with the year-ago period. Growth in the Information Storage business was driven by strong demand for EMC's storage products and professional services portfolio across all major geographies. EMC Symmetrix revenue increased 8%, EMC CLARiiON revenue increased 19% and EMC Celerra network-attached storage revenue increased more than 50%, each compared with the year-ago quarter. During the quarter, EMC continued to expand its storage portfolio with new products and capabilities that provide customers with ease-of-use, proven reliability and information storage innovation. For example, EMC became the first enterprise storage vendor to integrate flash-based solid state drives (SSDs) into its core product portfolio, enabling Symmetrix DMX-4 customers to achieve unprecedented performance and energy efficiency.
EMC's Content Management and Archiving business increased first-quarter revenue 8% year-over-year to $185.2 million. Organizations around the world continued to choose EMC's enterprise content management and archiving solutions to effectively manage their growing volumes of unstructured data, while improving business efficiencies, increasing productivity, and meeting compliance and risk mitigation requirements. Also during the first quarter, EMC's Content Management and Archiving business captured several honors, including an ACE award from ECM Connection at the AIIM International Conference.
For the first quarter of 2008, revenue from RSA, The Security Division of EMC, grew 13% year-over-year, reaching $134.9 million. This growth was driven primarily by global demand for the division's risk-based authentication solutions, anti-fraud services, and security information and event management solutions. Companies across industries and around the world continued to choose the powerful portfolio of RSA security products and services to address their critical requirements around data security, security information management and data loss prevention, and to drive business acceleration and innovation across their organizations.
VMware , which is majority-owned by EMC, had first-quarter revenues of $438.2 million, an increase of approximately 71% compared to the year-ago quarter. VMware is the global leader in virtualization solutions from the desktop to the datacenter. Customers of all sizes rely on VMware to reduce capital and operating expenses, ensure business continuity, strengthen security and be more energy efficient. With 2007 revenues of $1.32 billion, more than 100,000 customers, and nearly 14,000 partners, VMware is one of the fastest growing public software companies. Visit http://ir.vmware.com/ for more information about the virtualization software leader's first-quarter financial results.
About EMC
EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at http://www.emc.com/.
(1) Other items excluded are stock-based compensation, intangible
amortization and a tax benefit recognized in the first quarter of
2007. See attached schedules for reconciliation of GAAP to non-GAAP.
EMC, Documentum, CLARiiON, Celerra and Symmetrix are registered trademarks of EMC Corporation. Symmetrix DMX is a trademark of EMC Corporation. VMware is a registered trademark of VMware, Inc. RSA is a registered trademark of RSA Security Inc. All other trademarks used are the property of their respective owners.
Forward-Looking Statements
This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) our ability to protect our proprietary technology; (iv) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (v) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (vi) competitive factors, including but not limited to pricing pressures and new product introductions; (vii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (viii) component and product quality and availability; (ix) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (x) insufficient, excess or obsolete inventory; (xi) war or acts of terrorism; (xii) the ability to attract and retain highly qualified employees; (xiii) fluctuating currency exchange rates; and (xiv) other one- time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.
Use of Non-GAAP Financial Measures
This release contains non-GAAP financial measures. These non-GAAP financial measures, which are used as measures of EMC's performance or liquidity, should be considered in addition to, not as a substitute for, measures of EMC's financial performance or liquidity prepared in accordance with GAAP. EMC's non-GAAP financial measures may be defined differently than similar terms used by other companies, and accordingly, care should be exercised in understanding how EMC defines its non-GAAP financial measures.
Where specified in the accompanying schedules for various periods entitled "Reconciliation of GAAP to Non-GAAP," certain items noted on each such specific schedule (including, where noted, amounts relating to tax benefits, in-process research and development charges, stock-based compensation expense and intangible amortization) are excluded from the non-GAAP financial measures.
EMC's management uses the non-GAAP financial measures in the accompanying schedules to gain an understanding of EMC's comparative operating performance (when comparing such results with previous periods or forecasts) and future prospects and excludes the above-listed items from its internal financial statements for purposes of its internal budgets and each reporting segment's financial goals. These non-GAAP financial measures are used by EMC's management in their financial and operating decision-making because management believes they reflect EMC's ongoing business in a manner that allows meaningful period-to-period comparisons. EMC's management believes that these non-GAAP financial measures provide useful information to investors and others (a) in understanding and evaluating EMC's current operating performance and future prospects in the same manner as management does, if they so choose, and (b) in comparing in a consistent manner the Company's current financial results with the Company's past financial results.
This release also includes disclosures regarding free cash flow which is a non-GAAP financial measure. Free cash flow is defined as net cash provided by operating activities less additions to property, plant and equipment and capitalized software development costs. EMC uses free cash flow, among other measures, to evaluate the ability of its operations to generate cash that is available for purposes other than capital expenditures and capitalized software development costs. Management believes that information regarding free cash flow provides investors with an important perspective on the cash available to make strategic acquisitions and investments, repurchase shares, service debt and fund ongoing operations. As free cash flow is not a measure of liquidity calculated in accordance with GAAP, free cash flow should be considered in addition to, but not as a substitute for, the analysis provided in the statement of cash flows.
All of the foregoing non-GAAP financial measures have limitations. Specifically, the non-GAAP financial measures that exclude the items noted above do not include all items of income and expense that affect EMC's operations. Further, these non-GAAP financial measures are not prepared in accordance with GAAP, may not be comparable to non-GAAP financial measures used by other companies and do not reflect any benefit that such items may confer on EMC. Management compensates for these limitations by also considering EMC's financial results as determined in accordance with GAAP.
EMC CORPORATION
Consolidated Income Statements
(in thousands, except per share amounts)
Unaudited
Three Months Ended
------------------------------
March 31, March 31,
2008 2007
------------------------------
Revenues:
Product sales $2,340,430 $2,112,426
Services 1,129,629 862,579
------------------------------
3,470,059 2,975,005
Cost and expenses:
Cost of product sales 1,074,583 1,038,478
Cost of services 486,081 366,587
Research and development 433,514 355,392
Selling, general and administrative 1,082,215 875,690
In-process research and development 79,204 -
Restructuring credits (357) (2,670)
------------------------------
Operating income 314,819 341,528
Investment income 77,140 52,139
Interest expense (18,042) (18,293)
Other (expense) income, net (4,763) 4,840
------------------------------
Income before taxes and minority
interest 369,154 380,214
Income tax provision 94,155 67,607
------------------------------
Income before minority interest 274,999 312,607
Minority interest, net of taxes (6,161) -
------------------------------
Net income $268,838 $312,607
==============================
Net income per weighted average
share, basic: $0.13 $0.15
==============================
Net income per weighted average
share, diluted: $0.13 $0.15
==============================
Weighted average shares, basic 2,075,152 2,080,039
Weighted average shares, diluted 2,110,805 2,121,826
Reconciliation of GAAP to Non-GAAP
For the Three Months Ended March 31, 2008
(in thousands, except per share amounts)
Unaudited
Research Selling,
Cost of and General and
Revenue Revenue Development Administrative
----------- ---------- ----------- --------------
EMC Consolidated GAAP $3,470,059 $1,560,664 $433,514 $1,082,215
IPR&D - - - -
----------- ---------- ----------- --------------
EMC Consolidated
Adjusted (1) 3,470,059 1,560,664 433,514 1,082,215
Stock-based
compensation expense - (18,312) (38,825) (61,950)
Intangible amortization - (38,198) (3,011) (24,791)
----------- ---------- ----------- --------------
EMC Consolidated
Non-GAAP (2) $3,470,059 $1,504,154 $391,678 $995,474
=========== ========== =========== ==============
EMC Information
Infrastructure GAAP $3,031,889 $1,483,604 $315,428 $890,640
IPR&D - - - -
----------- ---------- ----------- --------------
EMC Information
Infrastructure
Adjusted (3) 3,031,889 1,483,604 315,428 890,640
Stock-based
compensation
expense - (12,136) (17,912) (44,412)
Intangible
amortization - (35,888) (3,011) (23,250)
----------- ---------- ----------- --------------
EMC Information
Infrastructure
Non-GAAP (4) $3,031,889 $1,435,580 $294,505 $822,978
=========== ========== =========== ==============
VMware standalone
GAAP $438,175 $77,170 $119,255 $193,359
GAAP adjustments and
eliminations (5) (110) (1,169) (1,784)
----------- ---------- ----------- --------------
VMware within EMC 438,170 77,060 118,086 191,575
Stock-based
compensation
expense - (6,176) (20,913) (17,538)
Intangible amortization - (2,310) - (1,541)
----------- ---------- ----------- --------------
VMware within EMC
Non-GAAP (5) $438,170 $68,574 $97,173 $172,496
=========== ========== =========== ==============
Income
Before
Other Taxes and
Restructuring Operating Income, Minority
and IPR&D Income net Interest
----------- ---------- ---------- ------------
EMC Consolidated GAAP $78,847 $314,819 $54,335 $369,154
IPR&D (79,204) 79,204 - 79,204
----------- ---------- ---------- ------------
EMC Consolidated
Adjusted (1) (357) 394,023 54,335 448,358
Stock-based
compensation expense - 119,087 - 119,087
Intangible amortization - 66,000 - 66,000
----------- ---------- ---------- ------------
EMC Consolidated
Non-GAAP (2) $(357) $579,110 $54,335 $633,445
=========== ========== ========== ============
EMC Information
Infrastructure GAAP $78,847 $263,370 $51,696 $315,066
IPR&D (79,204) 79,204 - 79,204
----------- ---------- ---------- ------------
EMC Information
Infrastructure
Adjusted (3) (357) 342,574 51,696 394,270
Stock-based
compensation
expense - 74,460 - 74,460
Intangible amortization - 62,149 - 62,149
----------- ---------- ---------- ------------
EMC Information
Infrastructure
Non-GAAP (4) $(357) $479,183 $51,696 $530,879
=========== ========== ========== ============
VMware standalone
GAAP $- $48,391 $2,639 $51,030
GAAP adjustments and
eliminations - 3,058 - 3,058
----------- ---------- ---------- ------------
VMware within EMC - 51,449 2,639 54,088
Stock-based
compensation
expense - 44,627 - 44,627
Intangible amortization - 3,851 - 3,851
----------- ---------- ---------- ------------
VMware within EMC
Non-GAAP (5) $- $99,927 $2,639 $102,566
=========== ========== ========== ============
Income
Before
Income Tax Minority Minority
Provision Interest Interest Net Income
----------- ---------- ---------- ------------
EMC Consolidated GAAP $94,155 $274,999 $(6,161) $268,838
IPR&D - 79,204 - 79,204
----------- ---------- ---------- ------------
EMC Consolidated
Adjusted (1) 94,155 354,203 (6,161) 348,042
Stock-based
compensation expense 27,831 91,256 (5,095) 86,161
Intangible amortization 22,533 43,467 (349) 43,118
----------- ---------- ---------- ------------
EMC Consolidated
Non-GAAP (2) $144,519 $488,926 $(11,605) $477,321
=========== ========== ========== ============
EMC Information
Infrastructure GAAP $85,436 $229,630 $- $229,630
IPR&D - 79,204 - 79,204
----------- ---------- ---------- ------------
EMC Information
Infrastructure
Adjusted (3) 85,436 308,834 - 308,834
Stock-based
compensation
expense 18,834 55,626 - 55,626
Intangible amortization 21,122 41,027 - 41,027
----------- ---------- ---------- ------------
EMC Information
Infrastructure
Non-GAAP (4) $125,393 $405,486 $- $405,486
=========== ========== ========== ============
VMware standalone
GAAP $7,975 $43,055 $- $43,055
GAAP adjustments and
eliminations 744 2,314 (6,161) (3,847)
----------- ---------- ---------- ------------
VMware within EMC 8,719 45,369 (6,161) 39,208
Stock-based
compensation expense 8,997 35,630 (5,095) 30,535
Intangible amortization 1,411 2,440 (349) 2,091
----------- ---------- ---------- ------------
VMware within EMC
Non-GAAP (5) $19,126 $83,440 $(11,605) $71,834
=========== ========== ========== ============
Net Income per Net Income per
Weighted Average Weighted Average
Share, Basic Share, Diluted
----------- -----------
EMC Consolidated GAAP $0.130 $0.127
IPR&D $0.038 $0.038
----------- -----------
EMC Consolidated Adjusted (1) $0.168 $0.164
Stock-based compensation expense $0.042 $0.041
Intangible amortization $0.021 $0.020
----------- -----------
EMC Consolidated Non-GAAP (2) $0.230 $0.225
=========== ===========
EMC Information Infrastructure GAAP $0.111 $0.109
IPR&D $0.038 $0.038
----------- -----------
EMC Information Infrastructure
Adjusted (3) $0.149 $0.146
Stock-based compensation expense $0.027 $0.026
Intangible amortization $0.020 $0.019
----------- -----------
EMC Information Infrastructure Non-
GAAP (4) $0.195 $0.192
=========== ===========
VMware standalone GAAP $0.021 $0.020
GAAP adjustments and eliminations $(0.002) $(0.003)
----------- -----------
VMware within EMC $0.019 $0.018
Stock-based compensation expense $0.015 $0.014
Intangible amortization $0.001 $0.001
----------- -----------
VMware within EMC Non-GAAP (5) $0.035 $0.033
=========== ===========
Wtd. Average Share O/S 2,075,152 2,110,805
=========== ===========
(1) Represents EMC Consolidated GAAP excluding IPR&D.
(2) Represents EMC Consolidated Adjusted excluding stock-based
compensation expense and intangible amortization.
(3) Represents EMC Information Infrastructure GAAP excluding IPR&D.
(4) Represents EMC Information Infrastructure Adjusted less stock-based
compensation expense and intangible amortization.
(5) Represents VMware within EMC excluding stock-based compensation
expense and intangible amortization.
Note: schedule may not add due to rounding
Reconciliation of GAAP to Non-GAAP
For the Three Months Ended March 31, 2007
(in thousands, except per share amounts)
Unaudited
Research Selling,
Cost of and General and
Revenue Revenue Development Administrative
----------- ---------- ----------- --------------
EMC Consolidated GAAP $2,975,005 $1,405,065 $355,392 $875,690
Tax benefits - - - -
----------- ---------- ----------- --------------
EMC Consolidated
Adjusted (1) 2,975,005 1,405,065 355,392 875,690
Stock-based
compensation
expense - (13,558) (23,442) (46,347)
Intangible amortization - (29,007) (2,113) (17,123)
----------- ---------- ----------- --------------
EMC Consolidated
Non-GAAP (2) $2,975,005 $1,362,500 $329,837 $812,220
=========== ========== =========== ==============
EMC Information
Infrastructure GAAP $2,718,987 $1,362,538 $289,490 $761,257
Tax benefits - - - -
----------- ---------- ----------- --------------
EMC Information
Infrastructure
Adjusted (3) 2,718,987 1,362,538 289,490 761,257
Stock-based
compensation
expense - (13,028) (17,050) (41,625)
Intangible amortization - (23,792) (2,113) (16,053)
----------- ---------- ----------- --------------
EMC Information
Infrastructure
Non-GAAP (4) $2,718,987 $1,325,718 $270,327 $703,579
=========== ========== =========== ==============
VMware standalone GAAP $258,695 $44,024 $54,958 $113,331
GAAP adjustments and
eliminations (2,677) (1,497) 10,944 1,102
----------- ---------- ----------- --------------
VMware within EMC 256,018 42,527 65,902 114,433
Stock-based compensation
expense - (530) (6,392) (4,722)
Intangible amortization - (5,215) - (1,070)
----------- ---------- ----------- --------------
VMware within EMC
Non-GAAP (5) $256,018 $36,782 $59,510 $108,641
=========== ========== =========== ==============
Other Income
Restructuring Operating Income, Before
and IPR&D Income net Taxes
----------- ---------- ---------- ------------
EMC Consolidated GAAP $(2,670) $341,528 $38,686 $380,214
Tax benefits - - - -
----------- ---------- ---------- ------------
EMC Consolidated
Adjusted (1) (2,670) 341,528 38,686 380,214
Stock-based
compensation
expense - 83,347 - 83,347
Intangible amortization - 48,243 - 48,243
----------- ---------- ---------- ------------
EMC Consolidated
Non-GAAP (2) $(2,670) $473,118 $38,686 $511,804
=========== ========== ========== ============
EMC Information
Infrastructure GAAP $(2,670) $308,372 $35,360 $343,732
Tax benefits - - - -
----------- ---------- ---------- ------------
EMC Information
Infrastructure
Adjusted (3) (2,670) 308,372 35,360 343,732
Stock-based
compensation
expense - 71,703 - 71,703
Intangible amortization - 41,958 - 41,958
----------- ---------- ---------- ------------
EMC Information
Infrastructure
Non-GAAP (4) $(2,670) $422,033 $35,360 $457,393
=========== ========== ========== ============
VMware standalone GAAP $- $46,382 $3,036 $49,418
GAAP adjustments and
eliminations - (13,226) 290 (12,936)
----------- ---------- ---------- ------------
VMware within EMC - 33,156 3,326 36,482
Stock-based compensation
expense - 11,644 - 11,644
Intangible amortization - 6,285 - 6,285
----------- ---------- ---------- ------------
VMware within EMC
Non-GAAP (5) $- $51,085 $3,326 $54,411
=========== ========== ========== ============
Net Income Net Income
per per
Weighted Weighted
Average Average
Income Tax Share, Share,
Provision Net Income Basic Diluted
----------- ---------- ---------- ------------
EMC Consolidated GAAP $67,607 $312,607 $0.150 $0.147
Tax benefits 19,912 (19,912) $(0.010) $(0.009)
----------- ---------- ---------- ------------
EMC Consolidated
Adjusted (1) 87,519 292,695 $0.141 $0.138
Stock-based
compensation
expense 22,725 60,622 $0.029 $0.029
Intangible amortization 17,040 31,203 $0.015 $0.015
----------- ---------- ---------- ------------
EMC Consolidated
Non-GAAP (2) $127,284 $384,520 $0.185 $0.181
=========== ========== ========== ============
EMC Information
Infrastructure GAAP $62,240 $281,492 $0.135 $0.133
Tax benefits 19,912 (19,912) $(0.010) $(0.009)
----------- ---------- ---------- ------------
EMC Information
Infrastructure
Adjusted (3) 82,152 261,580 $0.126 $0.123
Stock-based compensation
expense 19,801 51,902 $0.025 $0.024
Intangible amortization 14,715 27,243 $0.013 $0.013
----------- ---------- ---------- ------------
EMC Information
Infrastructure
Non-GAAP (4) $116,667 $340,726 $0.164 $0.161
=========== ========== ========== ============
VMware standalone GAAP $8,338 $41,080 $0.020 $0.019
GAAP adjustments and
eliminations (2,971) (9,965) $(0.005) $(0.005)
----------- ---------- ---------- ------------
VMware within EMC 5,367 31,115 $0.015 $0.015
Stock-based compensation
expense 2,924 8,720 $0.004 $0.004
Intangible amortization 2,325 3,960 $0.002 $0.002
----------- ---------- ---------- ------------
VMware within EMC
Non-GAAP (5) $10,617 $43,794 $0.021 $0.021
=========== ========== ========== ============
Wtd. Average Share O/S 2,080,039 2,121,826
========== ============
(1) Represents EMC Consolidated GAAP excluding special tax benefits.
(2) Represents EMC Consolidated Adjusted excluding stock-based
compensation expense and intangible amortization.
(3) Represents EMC Information Infrastructure GAAP excluding special tax
benefits.
(4) Represents EMC Information Infrastructure Adjusted excluding stock-
based compensation expense and intangible amortization.
(5) Represents VMware within EMC excluding stock-based compensation
expense and intangible amortization.
Note: schedule may not add due to rounding
EMC CORPORATION
Consolidated Balance Sheets
(in thousands, except per share amounts)
Unaudited
March 31, December 31,
2008 2007
------------ ------------
ASSETS
Current assets:
Cash and cash equivalents $4,978,446 $4,482,211
Short-term investments 635,056 1,644,703
Accounts and notes receivable,
less allowance for doubtful
accounts of $33,732 and $34,389 1,897,712 2,307,512
Inventories 953,085 877,243
Deferred income taxes 515,122 475,544
Other current assets 330,673 265,889
------------ ------------
Total current assets 9,310,094 10,053,102
Long-term investments 2,246,942 1,845,572
Property, plant and equipment, net 2,141,922 2,159,396
Intangible assets, net 939,204 940,077
Other assets, net 803,190 755,001
Goodwill, net 6,774,690 6,531,506
------------ ------------
Total assets $22,216,042 $22,284,654
============ ============
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $881,481 $840,886
Accrued expenses 1,540,050 1,696,309
Income taxes payable 82,110 146,104
Deferred revenue 1,818,956 1,724,909
------------ ------------
Total current liabilities 4,322,597 4,408,208
Income taxes payable 259,117 246,951
Deferred revenue 1,153,674 1,053,394
Deferred income taxes 286,843 288,175
Long-term convertible debt 3,450,000 3,450,000
Other liabilities 159,446 127,621
------------ ------------
Total Liabilities 9,631,677 9,574,349
Minority interest 209,959 188,988
Commitments and contingencies
Stockholders' equity:
Series preferred stock, par
value $.01; authorized 25,000
shares, none outstanding - -
Common stock, par value $.01;
authorized 6,000,000 shares;
issued 2,067,237 and
2,102,187 shares 20,672 21,022
Additional paid-in capital 2,617,571 3,038,455
Retained earnings 9,739,127 9,470,289
Accumulated other comprehensive loss (2,964) (8,449)
------------ ------------
Total stockholders' equity 12,374,406 12,521,317
------------ ------------
Total liabilities and
stockholders' equity $22,216,042 $22,284,654
============ ============
EMC CORPORATION
Consolidated Statements of Cash Flows
(in thousands)
Unaudited
Three Months Ended
------------------
March 31, 2008 March 31, 2007
-------------- --------------
Cash flows from operating activities:
Cash received from customers $4,066,805 $3,298,580
Cash paid to suppliers and employees (3,027,739) (2,471,509)
Dividends and interest received 77,958 57,824
Interest paid (2,865) (3,201)
Income taxes paid (195,867) (73,011)
----------- -----------
Net cash provided by operating
activities 918,292 808,683
----------- -----------
Cash flows from investing activities:
Additions to property, plant and
equipment (146,512) (170,526)
Capitalized software development costs (54,321) (51,920)
Purchases of short and long-term
available for sale securities (608,819) (1,891,806)
Sales and maturities of short and
long-term available for sale
securities 1,196,985 2,192,202
Acquisitions, net of cash acquired (337,809) (3,261)
Other (3,030) (860)
----------- -----------
Net cash provided by investing
activities 46,494 73,829
----------- -----------
Cash flows from financing activities:
Issuance of common stock from the
exercise of stock options 27,397 103,312
Issuance of VMware's common stock
from the exercise of stock options 23,669 -
Repurchase of EMC common stock (557,244) (488,662)
Excess tax benefits from stock
based compensation 28,511 12,812
Payment of short and long-term
obligations (3,782) (620)
Proceeds from short and long-term
obligations 1,114 2,229
----------- -----------
Net cash used in financing
activities (480,335) (370,929)
----------- -----------
Effect of exchange rate changes on cash 11,784 7,685
----------- -----------
Net increase in cash and cash
equivalents 496,235 519,268
Cash and cash equivalents at
beginning of period 4,482,211 1,828,106
----------- -----------
Cash and cash equivalents at end of
period $4,978,446 $2,347,374
=========== ===========
Reconciliation of net income to net
cash provided by operating activities:
Net income $268,838 $312,607
Adjustments to reconcile net income
to net cash provided by operating
activities:
Minority interest in subsidiary 6,161 -
Depreciation and amortization 254,619 212,848
Non-cash restructuring and other
special charges 80,970 -
Stock-based compensation expense 119,087 83,347
Increase/(decrease) in provision
for doubtful accounts 3,975 (787)
Deferred income taxes, net (26,656) (457)
Excess tax benefits from stock
based compensation (28,511) (12,812)
Other (4,887) 1,980
Changes in assets and liabilities,
net of acquisitions:
Accounts and notes receivable 416,788 142,873
Inventories (28,174) 18,302
Other assets (78,881) (11,068)
Accounts payable 27,501 45,685
Accrued expenses (253,761) (150,962)
Income taxes payable (46,545) (4,952)
Deferred revenue 175,983 181,489
Other liabilities 31,785 (9,410)
----------- -----------
Net cash provided by operating
activities $918,292 $808,683
=========== ===========
EMC CORPORATION
Reconciliation of Cash Flow from Operations to Free Cash Flow
(in thousands)
Unaudited
Q1 2008 Q1 2007
--------- ---------
EMC Consolidated:
Cash flows from Operations $918,292 $808,683
Capital Expenditures (146,512) (170,526)
Capitalized Software (54,321) (51,920)
--------- ---------
Free Cash Flow $717,459 $586,237
VMware within EMC:
Cash flows from Operations $106,058 $136,418
Capital Expenditures (41,019) (47,817)
Capitalized Software (4,164) (6,959)
--------- ---------
Free Cash Flow $60,875 $81,642
EMC Information Infrastructure:
Cash flows from Operations $812,234 $672,265
Capital Expenditures (105,493) (122,709)
Capitalized Software (50,157) (44,961)
--------- ---------
Free Cash Flow $656,584 $504,595
Cash flows from operations, capital expenditures and free cash flow for VMware within EMC and EMC Information Infrastructure have been adjusted to exclude the impact of purchases of equipment by VMware from EMC which have been recorded as capital expenditures by VMware on a stand-alone basis but are eliminated in consolidation. Additionally, cash flow from operations, capital expenditures and free cash flow for VMware within EMC and EMC Information Infrastructure have been adjusted for VMware's capital expenditures for its headquarters facilities which were reimbursed by EMC during Q1 2007. Also, cash flows from operations and free cash flow for VMware within EMC have been adjusted for shares repurchased for tax withholdings on the vesting of restricted stock which have been recorded by VMware on a stand-alone basis as a financing activity but as an operating activity in consolidation. Had these items not been adjusted, cash flows from operations, capital expenditures and free cash flow for VMware within EMC would have been $133,180, $49,022 and $79,994, for Q1 2008 and $104,902, $16,584 and $81,646 for Q1 2007.
EMC Corporation
Supplemental Revenue Analysis
(in thousands)
Unaudited
Revenue Components
Q1 2007 Q2 2007 Q3 2007 Q4 2007
----------------------------------------------
Consolidated Revenues
Systems $1,305,766 $1,354,438 $1,411,367 $1,688,565
Software:
Software License 806,660 867,917 921,517 1,055,746
Software Maintenance 382,080 400,233 426,198 472,264
----------------------------------------------
Total Software License
& Maintenance 1,188,740 1,268,150 1,347,715 1,528,010
Other Services 480,499 502,084 540,672 614,199
----------------------------------------------
Total Consolidated
Revenues $2,975,005 $3,124,672 $3,299,754 $3,830,774
==============================================
Percentage impact to
EMC revenue growth
rate due to changes
in exchange rates
from the prior year 2.1% 2.1% 1.8% 3.2%
YTD 2007 Q1 2008
---------- ----------
Consolidated Revenues
Systems $5,760,136 $1,440,123
Software:
Software License 3,651,840 900,307
Software Maintenance 1,680,775 506,218
---------- ----------
Total Software License &
Maintenance 5,332,615 1,406,525
Other Services 2,137,454 623,411
---------- ----------
Total Consolidated Revenues $13,230,205 $3,470,059
========== ==========
Percentage impact to
EMC revenue growth
rate due to changes
in exchange rates
from the prior year 2.3% 2.3%
EMC Corporation
Supplemental Revenue Analysis
(in thousands)
Unaudited
Supplemental Revenue Data
Q1 2007 Q2 2007 Q3 2007 Q4 2007
----------------------------------------------
Storage Systems Revenue $1,302,740 $1,347,357 $1,405,139 $1,682,395
Storage Software:
Storage Software
License 486,558 512,521 515,056 561,622
Storage Software
Maintenance 234,796 242,940 252,642 271,848
----------------------------------------------
Total Storage Software
License & Maintenance 721,354 755,461 767,698 833,470
Storage Other Services 402,834 425,200 450,450 516,782
----------------------------------------------
Total Storage Revenue $2,426,928 $2,528,018 $2,623,287 $3,032,647
==============================================
Content Management and
Archiving Systems
Revenue $68 $1,708 $1,485 $2,157
Content Management and
Archiving Software:
Content Management
and Archiving
Software License 68,472 69,046 79,247 115,305
Content Management
and Archiving
Software Maintenance 60,339 60,416 61,595 70,590
----------------------------------------------
Total Content Management
and Archiving Software
License & Maintenance 128,811 129,462 140,842 185,895
Content Management and
Archiving Other
Services 43,319 42,432 46,985 50,074
----------------------------------------------
Total Content Management
and Archiving Revenue $172,198 $173,602 $189,312 $238,126
==============================================
Security Systems Revenue $2,958 $5,373 $4,743 $4,013
Security Software:
Security Software
License 81,934 81,300 82,979 94,604
Security Software
Maintenance 21,627 23,392 25,126 27,752
----------------------------------------------
Total Security Software
License & Maintenance 103,561 104,692 108,105 122,356
Security Other Services 13,342 14,890 20,016 21,226
----------------------------------------------
Total Security Revenue $119,861 $124,955 $132,864 $147,595
==============================================
EMC Information
Infrastructure Systems
Revenue $1,305,766 $1,354,438 $1,411,367 $1,688,565
EMC Information
Infrastructure
Software:
EMC Information
Infrastructure
Software License 636,964 662,867 677,282 771,531
EMC Information
Infrastructure
Software Maintenance 316,762 326,748 339,363 370,190
----------------------------------------------
Total EMC Information
Infrastructure Software
License & Maintenance 953,726 989,615 1,016,645 1,141,721
EMC Information
Infrastructure Other
Services 459,495 482,522 517,451 588,082
----------------------------------------------
Total EMC Information
Infrastructure Revenue $2,718,987 $2,826,575 $2,945,463 $3,418,368
==============================================
VMware Software:
VMware Software
License $169,696 $205,050 $244,235 $284,215
VMware Software
Maintenance 65,318 73,485 86,835 102,074
----------------------------------------------
Total VMware Software
License & Maintenance 235,014 278,535 331,070 386,289
VMware Other Services 21,004 19,562 23,221 26,117
----------------------------------------------
Total VMware Revenue $256,018 $298,097 $354,291 $412,406
==============================================
YTD 2007 Q1 2008
---------- ----------
Storage Systems Revenue $5,737,631 $1,433,190
Storage Software:
Storage Software License 2,075,757 470,449
Storage Software Maintenance 1,002,226 291,556
---------- ----------
Total Storage Software License &
Maintenance 3,077,983 762,005
Storage Other Services 1,795,266 516,634
---------- ----------
Total Storage Revenue $10,610,880 $2,711,829
========== ==========
Content Management and Archiving
Systems Revenue $5,418 $2,521
Content Management and Archiving
Software:
Content Management and
Archiving Software License 332,070 58,607
Content Management and
Archiving Software Maintenance 252,940 73,758
---------- ----------
Total Content Management and
Archiving Software License &
Maintenance 585,010 132,365
Content Management and Archiving
Other Services 182,810 50,317
---------- ----------
Total Content Management and
Archiving Revenue $773,238 $185,203
========== ==========
Security Systems Revenue $17,087 $4,412
Security Software:
Security Software License 340,817 77,271
Security Software Maintenance 97,897 28,785
---------- ----------
Total Security Software License &
Maintenance 438,714 106,056
Security Other Services 69,474 24,389
---------- ----------
Total Security Revenue $525,275 $134,857
========== ==========
EMC Information Infrastructure
Systems Revenue $5,760,136 $1,440,123
EMC Information Infrastructure
Software:
EMC Information Infrastructure
Software License 2,748,644 606,327
EMC Information Infrastructure
Software Maintenance 1,353,063 394,099
---------- ----------
Total EMC Information Infrastructure
Software License & Maintenance 4,101,707 1,000,426
EMC Information Infrastructure
Other Services 2,047,550 591,340
---------- ----------
Total EMC Information Infrastructure
Revenue $11,909,393 $3,031,889
========== ==========
VMware Software:
VMware Software License $903,196 $293,980
VMware Software Maintenance 327,712 112,119
---------- ----------
Total VMware Software License &
Maintenance 1,230,908 406,099
VMware Other Services 89,904 32,071
---------- ----------
Total VMware Revenue $1,320,812 $438,170
========== ==========
EMC Corporation
CONTACT: Dave Farmer of EMC Corporation, +1-508-293-7206, farmer_dave@emc.com
Web site: http://www.emc.com/
UCN Signs Significant Enterprise Contact Center Accounts in First Quarter 2008UCN Secures Long-term inContact(R) Partnerships with Fortune 1000 Companies in Strategic Verticals: All Plan to Expand Installations in 2008
SALT LAKE CITY, April 23 /PRNewswire-FirstCall/ -- UCN, Inc. innovator of all-in-one, hosted contact center software, reported it has signed 19 new customers including four enterprise-level accounts, to its off-premises contact center solutions during first quarter of 2008.
First quarter wins represent marquis clients in some of the UCN target verticals: software and services, home entertainment and gaming, retail shopping, direct sales, staffing services, cable telecommunications, and insurance. Such companies include a Fortune 100-, one Fortune 1000-, and two Fortune 500-listed companies. This growth of enterprise accounts represents an increase of 200% over the same period in 2007.
All the enterprise accounts, which UCN defines as having at least 1,000 employees, are planning to expand their usage of UCN software in 2008. "The rapid adoption of our hosted inContact all-in-one platform architecture by notable clients in large market segments provides us tremendous leverage in securing new business within the verticals," said Paul Jarman, CEO of UCN.
In the cable telecommunications industry, the success UCN demonstrated with one such customer influenced the number one provider in that segment to select UCN. Added Jarman: "The inContact platform value proposition and the competitive advantage it provides our customers with multi-site centers and distributed workforces is powerfully clear."
Several of these customers plan to use inContact outside of traditional contact center environments, giving their field agents access to key information regardless of their location. This expanded use of the inContact platform provides key competitive advantages to the customer, while further increasing the number of potential UCN licenses.
All but one of these new enterprise customers signed long-term contracts, a continuing trend for UCN. One also elected to make an advanced payment of over $500 thousand, reflecting its long-term commitment to UCN. "We see this as the beginning of greater things to come; as more customers agree to longer term contracts we add stability to our revenue base," Jarman noted. "We are positioned to surpass this quarter's accomplishments in the second quarter and beyond."
About UCN
UCN, Inc. is an innovator of software as a service (SaaS) applications for multi-site contact centers and distributed workforces. The UCN inContact(R) platform intelligently routes multi-media contacts to agents anywhere while improving management visibility, agent productivity and agent retention. UCN's patented software includes an enterprise-grade ACD with skills-based routing, IVR, speech recognition and CTI. Agent performance optimization features include customer experience surveys and agent scoring analysis, call monitoring, call recording, workforce scheduling and forecasting, hiring tools to reduce attrition, and targeted training delivered to the agent desktop. The inContact all-in-one on-demand platform delivers rapid application development tools for IT control, no capital expenditure, Fortune 500-compliant security, and a 24/7/365 managed network with carrier-grade redundancy. To learn more about UCN, visit http://www.ucn.net/.
Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the Company's behalf. All statements, other than statements of historical facts which address the Company's expectations of sources of capital or which express the Company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the Company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the Company, actual results may differ materially from the expectations expressed in the forward-looking statements. (For the complete statement please click to: http://www.ucn.net/safeharbor.)
UCN, Inc.
CONTACT: Aaron Glauser, Communications Director of UCN, Inc., +1-801-320-3468, aaron.glauser@ucn.net; or investors, Scott Liolios or Ron Both, both of Liolios Group Inc, +1-949-574-3860, info@liolios.com, for UCN, Inc.
Web site: http://www.ucn.net/
Shiner International Awarded Entrepreneurs Creativity Medal by the World Federation of Chinese Entrepreneurs Organization
HAINAN, China, April 23 /Xinhua-PRNewswire-FirstCall/ -- Shiner International, Inc. , an emerging global leader in the anti-counterfeiting and advanced packaging industry, today announced that the Company was awarded the World Chinese Entrepreneurs Creativity Medal for its industry-leading flexible packaging materials. Shiner received the award during the 4th World Summit of Chinese Entrepreneurs, held in Macau PRC late last fall.
"We are pleased to be recognized by the World Federation of Chinese Entrepreneurs Organization for our groundbreaking work in the flexible packaging industry," said Mr. Yuet Ying, Chairman of Shiner International. "This award is a great recognition of our achievements in technologically- creative packaging, and is another key validation of our business model which remains focused on the use of advanced technologies to create superior products. As a market leader in the global coated films and anti-counterfeit film industry, we pride ourselves on our research ability, both on the production line and in the finished product, and have confidence in our ability to continue bringing unique products to our customers."
About Shiner International, Inc.
Shiner International ( http://www.shinerinc.com/ ) is a U.S. corporation that has its primary operations in China. Headquartered in the city of Haikou -- China's "Hawaii" -- Shiner's products include coated packaging film, shrink-wrap film, common packaging film, anti-counterfeit laser holographic film and color-printed packaging materials. Approximately 60% of Shiner's current customers are located in China, with the remainder spanning Southeast Asia, Europe, the Middle East and North America. Shiner holds 14 patents on products and production equipment, and has additional patent applications pending. The Company's coated films meet the approval of U.S. FDA requirements, as well as those required for food packaging sold in the EU. Shiner's product manufacturing process is certified under ISO 9001:2000.
Safe Harbor Statement
All statements in this press release that are not historical are forward- looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect Shiner International, Inc.'s current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in Shiner's filings with the Securities and Exchange Commission.
For more information, please contact:
Company Contact:
Shiner International, Inc.
Ms. Maggie DanDan Xing
Phone: +86-13876687688
Email: info@shinerinc.com
Investor Relations Contact:
Lambert, Edwards & Associates
Mr. Noel Ryan
Phone: +1-616-233-0500
Email: nryan@lambert-edwards.com
Shiner International, Inc.
CONTACT: Company Contact: Shiner International, Inc. - Ms. Maggie DanDan Xing, +86-13876687688, or info@shinerinc.com; Investor Relations Contact: Lambert, Edwards & Associates - Mr. Noel Ryan, +1-616-233-0500, or nryan@lambert-edwards.com
Web Site: http://www.shinerinc.com/
New Study From The Wharton School and CareerBuilder.com Identifies Jobs at Risk for Offshoring, and Implications and Benefits for the U.S. Job Market
CHICAGO, and PHILADELPHIA, April 23 /PRNewswire/ -- An economy plagued by uncertainty is refueling debates over the impact of offshoring U.S. jobs. Which jobs are at risk? Are more companies planning to displace American workers? And what are the short-term and long-term effects of sending jobs overseas on the growth and stability of the U.S. job market?
CareerBuilder.com and researchers at the Wharton School of the University of Pennsylvania released new research today titled, "Jobs Beyond Borders," based on a survey of more than 3,000 hiring managers and HR professionals and more than 6,700 workers across the U.S. The results of this study as well as related research are available as a series of working papers.
"Among employers who offshore, half said they believe offshoring is necessary to compete in a global economy and 15 percent project more than 20 percent of their jobs will eventually be sent overseas," said Matt Ferguson, CEO of CareerBuilder.com. "This does not mean the U.S. will see a reduction in employment levels, however. One-in-four employers who offshore said it has enabled them to create a greater number of better jobs here in the U.S."
Amount of Jobs Being Offshored
Thirteen percent of employers said their companies outsourced work to third party vendors outside the country in 2007. The same amount said they would do so in 2008. Seven percent of employers offshored job functions to foreign affiliates in 2007; 9 percent plan to do so in 2008. Plans to offshore to third party vendors in 2008 are more prevalent in the Northeast and West at 15 percent compared to 12 percent in the South and 10 percent in the Midwest.
Looking forward, among employers who offshore, 44 percent estimate less than 5 percent of their jobs will ultimately be sent overseas while 39 percent project more than 10 percent of their jobs will eventually be offshored.
"We're seeing a systematic pattern in the types of positions that are vulnerable to offshoring," said Lorin Hitt, Associate Professor of Operations and Information Management at the Wharton School. "The study indicates that services that can be delivered electronically and don't require much face-to-face interaction are now at higher risk of being displaced."
High-Skill Jobs Also at Risk
According to respondents who offshore, more firms are offshoring high-wage, high-skill jobs that were once thought to be immune to global competition. Twenty-eight percent of these employers reported more high-skill services positions are being sent overseas to third parties or foreign affiliates in need of management, technology and sales and marketing know-how. The majority of employers who offshore (69 percent) believe high-skill services positions are at equal or more risk of being offshored than low-skill jobs. Examples of jobs companies plan to offshore:
-- Computer programmers - 32 percent
-- Software developers - 32 percent
-- Customer service - 25 percent
-- Systems analysts - 16 percent
-- Sales managers - 8 percent
-- Graphic designers - 8 percent
-- HR personnel - 7 percent
-- General managers - 6 percent
-- Marketing personnel - 5 percent
Among industries, technology services, telecommunications, insurance, manufacturing, engineering, banking & finance, oil, travel, utilities and communications all reported higher rates for offshoring.
Impact on the U.S. Job Market and Workers
The study indicates, of all the respondents, older workers were more susceptible to being displaced than younger workers.
Of all workers who reported being displaced by offshoring, one-in-five (21 percent) said they were reassigned within the company. Seventy-one percent were let go. Of those who were reassigned, 76 percent reported it was a lateral move while 7 percent reported they benefited from either a promotion, higher compensation or both. Of those who left the company, 81 percent went to another employer that was not aggressively offshoring.
While U.S. workers have lost jobs as a result of offshoring, companies are making the argument that offshoring is ultimately benefiting the American workforce. Twenty-eight percent of employers who offshored jobs said offshoring has already enabled them to create new, better jobs of different types in the U.S.
"The adverse impact of offshoring has been somewhat tempered by a shift of displaced workers to firms that are not yet offshoring," said Prasanna Tambe, Doctoral Student at the Wharton School. "Although offshoring has already had a significant impact on some U.S. workers, offshoring-related displacement currently accounts for a relatively small proportion of annual U.S. employment turnover, which can be close to 40 percent per year."
Cost-Savings and Other Reasons for Offshoring
Cost-savings is the primary motivator for offshoring, according to 64 percent of respondents. Looking at information technology specifically, nearly half (49 percent) say they save over $20,000 per head on average by offshoring. Fifteen percent of employers say they are saving more than $50,000 per head.
Twenty-seven percent of respondents cited availability of skills and 19 percent pointed to plans for expansion in a particular market as their main reasons for offshoring.
"As part of the Wharton team's research, we have found that firms offshoring for expansion were more likely to be moving sales and support positions overseas, suggesting that part of the offshoring that is occurring is to enable U.S. firms to better serve their overseas customers," said Tambe.
Popular Spots for Offshoring
Offshoring companies are predominantly drawn to South Asia with 44 percent of employers who offshore stating they sent jobs to India. Others key locations include China (24 percent), Mexico (12 percent), Canada (9 percent), Germany (8 percent), the Philippines (7 percent) and the U.K. (7 percent).
Reasons for Not Offshoring
When respondents who don't offshore were asked why their companies chose not to, one-in-five (21 percent) said they felt it is important to keep jobs in the U.S. Fourteen percent reported their customers would not respond favorably and 10 percent said they work with sensitive data. Difficulty to build trust across borders, the cost associated with monitoring workers and shipping/materials, and the availability of a skilled labor pool abroad were also cited.
To download a copy of the press release with a breakdown of survey results, visit http://www.careerbuilder.com/share/aboutus/pr_main.aspx
Survey Methodology
This survey was conducted online within the U.S. by Harris Interactive on behalf of CareerBuilder.com among 3,016 hiring managers and human resource professionals (employed full-time; not self-employed; with at least significant involvement in hiring decisions); and 6,704 U.S. employees (employed full-time; not self-employed) ages 18 and over between November 13, and December 3, 2007, respectively (percentages for some questions are based on a subset of respondents, based on their responses to certain questions). With a pure probability sample of 3,016 and 6,704 one could say with a 95 percent probability that the overall results have a sampling error of +/- 1.8 percentage points and +/- 1.2 percentage points, respectively. Sampling error for data from sub-samples is higher and varies. A full methodology is available upon request.
About the Wharton School
The Wharton School of the University of Pennsylvania -- founded in 1881 as the first collegiate business school -- is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. The most comprehensive source of business knowledge in the world, Wharton bridges research and practice through its broad engagement with the global business community. The school has more than 4,600 undergraduate, MBA, executive MBA, and doctoral students; more than 8,000 annual participants in executive education programs; and an alumni network of more than 82,000 graduates.
About CareerBuilder.com
CareerBuilder.com is the nation's largest online job site with more than 23 million unique visitors and over 1.6 million jobs. Owned by Gannett Co., Inc. , Tribune Company, The McClatchy Company and Microsoft Corp. , the company offers a vast online and print network to help job seekers connect with employers. CareerBuilder.com powers the career centers for more than 1,600 partners, including 140 newspapers and leading portals such as America Online and MSN. More than 300,000 employers take advantage of CareerBuilder.com's easy job postings, 26 million-plus resumes, Diversity Channel and more. CareerBuilder.com and its subsidiaries operate in the U.S., Europe, Canada and Asia. For more information, visit http://www.careerbuilder.com/.
Media Contact:
CareerBuilder.com
Jennifer Grasz
773-527-1164
Jennifer.Grasz@careerbuilder.com
CareerBuilder.com
CONTACT: Jennifer Grasz of CareerBuilder.com, +1-773-527-1164, Jennifer.Grasz@careerbuilder.com
Web site: http://www.careerbuilder.com/
New Iomega(R) ScreenPlay(TM) HD Multimedia Drive Brings High-Definition Content, via Upscaling, From the PC to the Home Theater System
SAN DIEGO, April 23 /PRNewswire-FirstCall/ -- Iomega Corporation , a global leader in data protection and security, today announced the new Iomega(R) ScreenPlay(TM) HD Multimedia Drive, a portable external hard drive that leaves the PC behind, delivering multimedia content to high-definition televisions and home theater systems.
The Iomega ScreenPlay HD Multimedia Drive is a 500GB* drive with the storage capacity to hold up to 2 million photos, 9,250 hours of music, or 750 hours of video**, enabling family and friends to share high-resolution photos, music, and video clips in the comfort of the living room, without a computer.
"Today's mainstream home entertainment products are entering the high-definition era, which presents a huge opportunity for media devices in the living room like the Iomega ScreenPlay HD Multimedia Drive," said Loren Bryner, ScreenPlay product manager, Iomega Corporation. "The ScreenPlay Drive is a great solution for Windows users -- there's no better way to leverage a big-screen LCD or plasma TV investment. The combination of ScreenPlay and today's televisions give users a seamless way to show off family photos, play music, and enjoy their videos from the best seat in the house."
The portable ScreenPlay HD Multimedia Drive comes with a remote control for easy navigation and includes both HDMI and component video outputs for displaying high-resolution digital photos and video.
"We took everything we learned from previous ScreenPlay products and created a better media-sharing tool that's right on for today's multi-media sharing experience," continued Bryner. "The new ScreenPlay HD Multimedia Drive is an intuitive, easy-to-use solution that not only makes it easier to enjoy all kinds of digital content but also facilitates moving and playing content from one display or location to another."
Iomega ScreenPlay HD Multimedia Drive Technical Description
The ScreenPlay HD Multimedia Drive 500GB weighs 2 pounds and measures a diminutive 7.7" x 2.3" x 5", or about the size of a paperback book.
Inside the ScreenPlay HD Multimedia Drive is a 500GB 3.5 inch 7200 RPM hard drive formatted with the NTFS file system. Video connection options include HDMI, component and composite video, and SCART (RGB). Audio connection options include composite RCA and coaxial S/PDIF outputs. PC transfers use the USB 2.0 interface. USB, composite video, and component video cables are included.
Using the HDMI or component outputs, the user can choose video settings from 480i/480p/720p/1080i (720p and 1080i are achieved through upscaling). Supported media formats include MP3, AC3 (Dolby(R) Digital Encoding), WAV, WMA, MPEG-1, MPEG-2 (AVI/VOB), MPEG-4 (AVI/DiVX 3.11, 4.x, 5.x/XViD) and JPEG.
System Requirements
The Iomega(R) ScreenPlay(TM) HD Multimedia Drive is designed for use with the following PC operating systems: Microsoft(R) Windows(R) 2000 Professional, XP Home/XP Professional/XP Professional x64, Windows Vista(TM).
Availability
The Iomega(R) ScreenPlay(TM) HD Multimedia Drive USB 2.0/AV 500GB is now available in the Americas for $209.95. (Price is U.S. suggested retail.) The Iomega ScreenPlay HD Multimedia Drive is expected to be available in international markets in late May for euro 179.99.
About Iomega
Iomega Corporation, headquartered in San Diego, is a worldwide leader in innovative storage and network security solutions for small and mid-sized businesses, consumers and others. The Company has sold more than 400 million digital storage drives and disks since its inception in 1980. Today, Iomega's product portfolio includes industry leading network attached storage products, external hard drives, and the award-winning removable storage technology, the REV(R) Backup Drive. OfficeScreen(R), Iomega's managed security services, available in the U.S. and select markets in Europe, provides enterprise quality perimeter security and secure remote network access for SMBs, which help protect small enterprises from data theft and liability. To learn about all of Iomega's digital storage products and managed services solutions, please go to the Web at http://www.iomega.com/. Resellers can visit Iomega at http://www.iomega.com/ipartner.
NOTE: The statements contained in this release regarding development, production and distribution of the Iomega(R) ScreenPlay(TM) HD Multimedia Drive USB 2.0/AV 500GB, anticipated product pricing and availability, expected product performance and specifications, future applications for the new product and all other statements that are not purely historical, are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are based upon information available to Iomega as of the date hereof, and Iomega disclaims any intention or obligation to update any such forward-looking statements. Actual results could differ materially from current expectations. Factors that could cause or contribute to such differences include, but are not limited to, the successful completion of product development and testing, market acceptance of, and demand for, the Iomega product, any difficulties encountered in ramping up production or other manufacturing issues, including component availability and pricing, co-development, production, and distribution issues, product pricing and conformity to specifications, dependence upon third party suppliers, competition, intellectual property rights and other risks and uncertainties identified in the reports filed from time to time by Iomega with the U.S. Securities and Exchange Commission, including Iomega's Annual Report on Form 10-K for the year ended December 31, 2007, and its most recent Quarterly Report on Form 10-Q.
* 1GB = 1,000,000,000 bytes.
** Examples refer to 3-megapixel JPEG photos (at 4 photos/MB), 128 Kbps
MP3 audio (at 1.1 min/MB), and 720 x 480 MPEG 2 video (at 11MB/min).
Copyright(C) 2008 Iomega Corporation. All rights reserved. Iomega, Zip, ScreenPlay, REV, OfficeScreen, StorCenter, and Media Xporter are either registered trademarks or trademarks of Iomega Corporation in the United States and/or other countries. All other trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.
Media please contact:
Chris Romoser, Iomega Corporation, (858) 314-7148 romoser@iomega.com
Analyst/Investors, please contact:
Preston Romm, Iomega Corporation, (858) 314-7188
Iomega Corporation
CONTACT: Media, Chris Romoser, +1-858-314-7148, romoser@iomega.com, or Analyst-Investors, Preston Romm, +1-858-314-7188, both of Iomega Corporation
Web site: http://www.iomega.com/
SmartCard Marketing Systems Inc. (Pink Sheets: SMKG) To Launch Smartcarddirect.com Software Package and Create Micro Print Lab for Smart Cards From Montreal Office
SAN ANTONIO, April 23 /PRNewswire-FirstCall/ -- As Stated by SmartCard Marketing Systems Inc. (Pink Sheets: SMKG), "We are excited to announce that our Smartcarddirect.com platform for loyalty and membership management application over the internet is going to be packaged into a retail package format as an industry first to be sold in retail locations beginning in North America. We aim to have our product on major retail shelves by beginning of August 2008 next to already recognizable software packages but in non-competing category's.
In addition as there are constant inventory issues in the industry globally for chip and plastic production our initiative will be to maintain ready inventory with micro production 4 color process services in house. As the Smart Card chip market becomes more available in the North American market we feel that our strength will be to focus on small to mid sized companies interested in participating but not financially available for the investment required which is the similar formula of success that we have been having with Velocitymoney.com .
About SmartCarddirect.com platform
At present many existing competitors in this business segment offer a point of sale solution or stand alone terminal at prices above $500.00 to $2000.00 per install plus card orders and license fee's creating a financial burden for return on investment, our USB plug in terminal and instant use over the internet gives us the edge in an already booming market. Our offering to be priced in the $180.00 to $239.00 segment with 30 to 50 cards in a starter kit.
In discussions with existing distributors stacking the shelves alone could capitalize on initial orders to reach 3000 to 5000 packages in the initial launch of delivery. As this is only preliminary order commentaries we are very encouraged by the anticipation of the launch."
We seek safe harbor.
SmartCard Marketing Systems Inc.
CONTACT: Max Barone, CEO of Smart Card Marketing Systems Inc., 1-866-774-2555, maxbarone@gosmartcard.com
Web site: http://www.gosmartcard.com/ http://www.smartcarddirect.com/ http://www.velocitymoney.com/
Powell Industries Announces Fiscal 2008 Second Quarter Earnings Release and Conference Call Schedule
HOUSTON, April 23 /PRNewswire-FirstCall/ -- Powell Industries, Inc. , a leading manufacturer of equipment and systems for the control, distribution and management of electrical and other dynamic processes, today announced that it plans to release fiscal 2008 second quarter results on Wednesday, May 7, 2008 at 6:00 a.m. eastern time. In conjunction with the release, Powell Industries has scheduled a conference call, which will be broadcast live over the Internet, for Wednesday, May 7, 2008 at 11:00 a.m. eastern time.
What: Powell Industries Second Quarter Earnings Conference Call
When: Wednesday, May 7, 2008 - 11:00 a.m. eastern time /10:00 a.m.
central time
How: Live via phone by dialing 303-262-2125 and asking for the Powell
Industries call at least 10 minutes prior to the start time, or
live over the Internet by logging on to the web at the address
below
Where: http://www.powellind.com/
A telephonic replay of the conference call will be available through May 14, 2008 and may be accessed by calling 303-590-3000 using passcode 11113198. A web cast archive will also be available at http://www.powellind.com/ shortly after the call and will be accessible for approximately 90 days. For more information, please contact Donna Washburn at DRG&E at 713-529-6600 or email dmw@drg-e.com.
Powell Industries, Inc., headquartered in Houston, designs, manufactures and packages systems and equipment for the control, distribution and management of electrical energy and other dynamic processes. Powell provides products and services to large industrial customers such as utilities, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations, commuter railways and other vehicular transportation facilities. For more information, please visit http://www.powellind.com/.
Contacts: Don R. Madison, CFO
Powell Industries, Inc.
713-947-4422
Ken Dennard / ksdennard@drg-e.com
Karen Roan / kcroan@drg-e.com
DRG&E / 713-529-6600
Powell Industries, Inc.
CONTACT: Don R. Madison, CFO of Powell Industries, Inc., +1-713-947-4422; or Ken Dennard, ksdennard@drg-e.com, or Karen Roan, kcroan@drg-e.com, both of DRG&E, +1-713-529-6600, for Powell Industries, Inc.
Web site: http://www.powellind.com/
The9 Limited Announces Equity Investment in G10 Entertainment
SHANGHAI, China, April 23 /Xinhua-PRNewswire/ -- The9 Limited ("The9"), a leading online game operator in China, today announced an equity investment in G10 Entertainment Corp. ("G10"), a leading game developer in Korea. Under the terms of the investment, The9 has acquired a minority stake in G10 in exchange for a cash investment of approximately US$38 million.
Mr. Jun Zhu, The9's Chairman and Chief Executive Officer, commented: "G10 Entertainment is a leading game developer, especially in the advanced casual game arena. Its Audition game franchise enjoys high popularity and a strong user base in China. The9's equity investment in G10 will strengthen the existing partnership between the two companies and further motivate G10 to provide the best support to The9's operation of Audition 2 in mainland China."
Mr. Kee Young Kim, the Chief Executive Officer of G10, said, "We are very excited that The9 becomes one of our key investors as we see this equity infusion as a recognition of G10's achievements in developing games and creating entertainment content. The9's outstanding game operation expertise will be a huge advantage in bringing G10's products to the growing Chinese online game market. We also look forward to learning from The9's valuable experience gleaned from the day-to-day operation in the local market, and integrating the ideas and suggestions from The9 into our game development process. Our people and teams at G10 are empowered to continue delivering high-quality game products and providing our best support to Audition 2, our prize product to be operated by The9 in mainland China."
About The9 Limited
The9 Limited is a leading online game operator in China. The9's business is primarily focused on operating and developing high-quality games for the Chinese online game market. The9 directly or through affiliates operates licensed MMORPGs, consisting of MU(R), Blizzard Entertainment(R)'s World of Warcraft(R), Soul of The Ultimate Nation(TM), Granado Espada, and its first proprietary MMORPG, Joyful Journey West(TM), in mainland China. It has also obtained exclusive licenses to operate additional MMORPGs and advanced casual games in mainland China, including Hellgate: London, Ragnarok Online 2, Emil Chronicle Online, Huxley(TM), FIFA Online 2, Audition 2, Field of Honor and Audition. In addition, The9 is also developing various proprietary games, including Warriors of Fate Online(TM) and Fantastic Melody Online(TM).
About G10 Entertainment
G10 Entertainment Corp. is a leading developer of interactive, community- based online games in Korea. G10's online games provide users with an online platform for self-expression and social interaction through playing captivating and entertaining games. G10's strong creative game design, development expertise and experience in virtual community management have enabled it to frequently introduce new features and functionality that improve the appeal of its virtual community and enhance user experience. G10 directly or through its subsidiaries develops a number of popular online games, including Audition and Audition 2. It currently has eight other online games in development that it plans to release in the near future.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this press release contain forward-looking statements. The9 may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about The9's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, The9's limited operating history as an online game operator, political and economic policies of the Chinese government, the laws and regulations governing the online game industry, information disseminated over the Internet and Internet content providers in China, intensified government regulation of Internet cafes, The9's ability to retain existing players and attract new players, license, develop or acquire additional online games that are appealing to users, anticipate and adapt to changing consumer preferences and respond to competitive market conditions, and other risks and uncertainties outlined in The9's filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 20-F. The9 does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For further information, please contact:
Ms. Dahlia Wei
Senior Manager, Investor Relations
The9 Limited
Tel: +86-21-5172-9990
Email: IR@corp.the9.com
Web: http://www.corp.the9.com/
The9 Limited
CONTACT: Ms. Dahlia Wei, Senior Manager of Investor Relations of The9 Limited, +86-21-5172-9990, or IR@corp.the9.com
LIONAX et T-COMM Tracking & Tracing lancent une nouvelle offre de surveillance de pression des pneus TPMS P-eye au salon automobile de Birmingham
PARIS, April 23 /PRNewswire/ -- LIONAX et T-COMM Tracking & Tracing, société néerlandaise, ont lancé le
11 avril leur nouveau produit TPMS P-eye à l'occasion du Salon des Véhicules
Industriels à Birmingham au Royaume Uni. Ce nouveau brevet améliore la
sécurité des véhicules industriels et contribue à réduire leur consommation
de carburant.
LIONAX a mandaté T-COMM Tracking & Tracing pour la distribution en Europe
de leur système de surveillance de pression des pneus pour véhicules
industriels. Le système TPMS P-eye a une forte dimension technologique, et a
nécessité deux ans de recherche et développement.
Cette nouvelle technologie est simple d'utilisation. Il suffit de retirer
le bouchon de la valve du pneu d'un véhicule et de le remplacer par le
système de surveillance TPMS P-eye. Ce dernier est capable de mesurer la
pression minimale programmée du pneu et de transmettre un signal au voyant
DEL sur la tige de valve. De la même façon, lorsque la surveillance porte sur
une flotte de véhicules, il suffira d'examiner les pneus sur lesquels les
voyants DEL clignotent, au lieu de contrôler les pneus de chaque véhicule
l'un après l'autre. Cela permettra aux sociétés de transport de centraliser
et rendre plus efficace la surveillance de la pression des pneus.
La technologie P-eye peut contribuer à baisser la consommation de
carburant et les émissions de CO2.
Statistiquement il est prouvé qu'un quart des véhicules industriels ont
des pneus insuffisamment gonflés, ce qui provoque une usure supplémentaire de
15 à 20%, ou 272EUR par an par véhicule. Une pression des pneus trop basse
provoque une augmentation de la consommation de carburant d'environ 7%,
entraînant également une augmentation des émissions de CO2. Pratiquement la
totalité des accidents liés à l'explosion des pneus résultent d'une pression
insuffisante. La technologie P-eye fournit une solution crédible pour lutter
contre l'impact économique et environnemental résultant des défaillances
actuelles du contrôle de pression des pneus.
M.Michael Verweij, Directeur Commercial de T-COMM Tracking & Tracing B.V.
déclare : << Les produits TPMS P-eye de LIONAX offrent une solution
compétitive pour les propriétaires et les fabricants de véhicules
industriels. Nous avons passé une commande à LIONAX de 1,14 million de pièces
pour 2008. Cette commande est une étape importante de la stratégie de T-COMM
Tracking & Tracing, pour pénétrer le marché européen des TPMS des véhicules
industriels. >>
M.James Yang, PDG de LIONAX déclare : << Les produits TPMS P-eye de
LIONAX apportent une solution innovante et attractive pour les fabricants et
les propriétaires de véhicules industriels. Depuis cette année aux
Etats-Unis, la surveillance de la pression des pneus est devenue obligatoire
pour les voitures neuves et les véhicules utilitaires légers. En Europe le
produit P-eye équipant un véhicule à quatre roues sera disponible pour un
prix de l'ordre de 25EUR, auquel il faudra ajouter 2,5EUR pour un dispositif
antivol hors frais d'installation. Les conducteurs et les sociétés de
transport qui utilisent les systèmes TPMS contribueront à rendre les routes
plus sûres, tout en faisant des économies sur le carburant et la durée de vie
des pneus. >>
A propos de T-COMM Tracking & Tracing
La société a élaboré un système de surveillance et de suivi des véhicules
destiné aux véhicules industriels, présenté au dernier salon du transport
européen d'Amsterdam.
La solution technologique adoptée par la société permet d'y adjoindre
toutes les applications qui sont en accord avec la philosophie << Easy
Intelligence >>. Pour plus d'informations, vous pouvez consulter le site web
http://www.tcomm-trackingandtracing.com .
A propos de LIONAX
La société, cotée à la bourse de Paris Euronext (code MLION), conçoit et
développe des systèmes de surveillance de la pression des pneus (SSPP) et des
capteurs de pression numériques à destination de l'industrie automobile. Les
produits LIONAX permettent à ses clients de bénéficier d'une meilleure
sécurité, d'économiser de l'argent et de répondre aux exigences
réglementaires. Le succès de LIONAX est basé sur sa technologie innovante, la
grande qualité de sa production et sa capacité de Recherche et Développement
de pointe, avec le concours des meilleures équipes d'ingénieurs, de
chercheurs et un management international performant basé en Chine et aux
Etats-Unis.
CONTACTS RP T-COMM :
T-Comm Tracking & Tracing , Adviesbureau W. van der Veer
Slauerhoffstraat 28, 3319 BT Dordrecht, Pays-Bas
Tél. +31(0)78-616-01-87
Fax +31(0)78-616-02-31
E-mail : wvdveprg@wxs.nl
CONTACTS LIONAX :
Financial Dynamics France:
PRESSE
Elodie Marchand
Elodie.Marchand@fd.com
Tél :+33(0)1-47-03-68-17
RELATIONS INVESTISSEURS
Valéry Lepinette
Valery.Lepinette@fd.com
Tél : +33(0)1-47-03-68-62
LIONAX
CONTACTS RP T-COMM : T-Comm Tracking & Tracing , Adviesbureau W. van der Veer, Slauerhoffstraat 28, 3319 BT Dordrecht, Pays-Bas, Tél. +31(0)78-616-01-87, Fax +31(0)78-616-02-31, E-mail : wvdveprg@wxs.nl; CONTACTS LIONAX : Financial Dynamics France: PRESSE, Elodie Marchand, Elodie.Marchand@fd.com, Tél :+33(0)1-47-03-68-17 ; RELATIONS INVESTISSEURS, Valéry Lepinette, Valery.Lepinette@fd.com, Tél : +33(0)1-47-03-68-62
LIONAX and T-COMM Tracking & Tracing Jointly Launch a New Solution for Tire Pressure Monitoring TPMS P-eye at the Birmingham Vehicle Show
PARIS, April 23 /PRNewswire-FirstCall/ -- LIONAX and T-COMM Tracking &Tracing, a Dutch company, launched their new TPMS P-eye product at the UK Commercial Vehicle Show, Birmingham on April 11th. This patented device makes commercial vehicles safer, and contributes to reducing their fuel consumption.
LIONAX has licensed T-COMM Tracking & Tracing to commercialise in Europe a patented solution for an efficient tire pressure check designed for commercial vehicles. The new TPMS P-eye device is packed with technology that required two years of R&D development.
The new technology is easy to use and allows a more efficient tire pressure control. It is simply a case of unscrewing the valve cap from the commercial vehicle tire and replacing it with the P-eye monitoring device. The P-eye measures the preset minimum tire pressure and passes this on to the signalling LED on the valve stem. Furthermore, when a fleet of vehicles are parked on site, it is not necessary to check every single tire, but action is only necessary on tires where the LEDs are blinking. This provides transport companies with a more centralised and efficient way to control tire pressure.
The P-eye technology will contribute to reducing fuel consumption and lowering CO2 Emissions.
Statistically it has been proved that approximately a quarter of all commercial vehicle tires are not sufficiently inflated, therefore increasing tire wear by 15 to 20 per cent, or GBP215 per year per vehicle. Low tire pressure increases CO2 emissions and fuel consumption by approximately 7 per cent. Practically all blowouts and resulting accidents are caused by an insufficient tire pressure. The P-eye product provides a credible solution for addressing all these concerns in a cost effective way for transport companies and society.
Michael Verweij, CMO of T-COMM Tracking & Tracing B.V. says: "LIONAX's patented TPMS P-eye products provide an innovative and attractive solution for trucks and semi-trailers for both manufacturers and owners. We have already ordered from LIONAX 1.14 million sets for 2008. This order is a key step for T-COMM Tracking & Tracing's implementation of its strategy penetrating the Europe trucks and semi-trailers TPMS industry."
James Yang, CEO of LIONAX says: "LIONAX's P-eye TPMS products provide a competitive solution for truck manufacturers and owners. In the United States, tire pressure monitoring has become this year a legal requirement for new cars and light trucks. In Europe, the P-Eye product for a 4-wheel vehicle is priced at about GBP20, plus an extra GBP2 for an anti theft device without installation cost. By using this product, European truck drivers and transport companies will make roads safer, and at the same time will enjoy fuel savings and longer tire life."
About T-COMM Tracking & Tracing B.V.
The company introduced the comprehensive vehicle tracking and tracing system at The European Road Transport Show in Amsterdam late last year, aimed at trucks and semi-trailers. A lot of modules can be coupled to its system which all satisfies the design philosophy "Easy Intelligence". Further information can be obtained on the website http://www.tcomm-trackingandtracing.com/.
About LIONAX
The Company, listed on Euronext, the Paris stock exchange with stock symbol "MLION", designs and develops innovative Tire Pressure Monitoring System (TPMS); navigation integrated product with GPS, TPMS and rear view camera; and digital pressure sensor for automotive industry. Lionax's products help its customers to enhance safety, save money and meet regulatory requirements affordably. To achieve this LIONAX focuses on technology innovation, manufacturing excellence, research leadership and best-in-class team of scientists, engineers and international management based in China and the USA.
T-COMM PR Contacts:
T-Comm Tracking & Tracing , Adviesbureau W. van der Veer
Slauerhoffstraat 28, 3319 BT Dordrecht, Netherlands
Tel. +31(0)78-616-01-87
Fax +31(0)78-616-02-31
E-mail : wvdveprg@wxs.nl
LIONAX Contacts:
Financial Dynamics France:
Press Investor Relations
Elodie Marchand Valery Lepinette
Elodie.Marchand@fd.com Valery.Lepinette@fd.com
Tel :+33-1-47-03-68-17 Tel : +33-1-47-03-68-62
LIONAX
CONTACT: T-COMM PR Contacts: T-Comm Tracking & Tracing , Adviesbureau W. van der Veer, Slauerhoffstraat 28, 3319 BT Dordrecht, Netherlands, Tel. +31(0)78-616-01-87, Fax +31(0)78-616-02-31, E-mail : wvdveprg@wxs.nl; LIONAX Contacts: Financial Dynamics France: Press: Elodie Marchand, Elodie.Marchand@fd.com, Tel :+33-1-47-03-68-17; Investor Relations: Valery Lepinette, Valery.Lepinette@fd.com, Tel : +33-1-47-03-68-62
ECtel Strengthens Market Position With Launch of Fraudview(R) 8.2The New Version Expands the Product's Risk Management Capabilities and Enables Unlimited Scale-Out Options and Full System Extendibility
ROSH HA'AYIN, Israel, April 23 /PRNewswire-FirstCall/ -- ECtel Ltd. , a leading provider of Integrated Revenue Management(TM) (IRM(TM)) solutions, announced today the release of a new version of Fraudview(R), ECtel's groundbreaking and market-leading fraud management platform.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010807/FLTU015LOGO )
The new version, Fraudview(R) 8.2, expands the product's fraud convergence to include new technologies and fraud schemes and improves the product's extendibility, scalability and operational effectiveness.
"Fraudview(R) 8.2 is the result of ECtel's ongoing effort to address the increased fraud risks faced by telecom operators as they employ new technologies, acquire additional subscribers and offer new services to customers," said Itzik Weinstein, CEO of ECtel. "This new version of our innovative technology will further empower our customers, allowing them to save money by addressing and neutralizing fraud threats."
Featuring a new application screening module that provides new schemes to detect subscription fraud and repeat fraudsters at the service provisioning and customer acquisition phase, as well as a new credit limit monitoring feature that continuously screens the ongoing subscriber usage and monitors the maintenance of their personal credit limits, Fraudview(R) 8.2 is the market's most complete fraud management solution for telecom operators.
Other features of Fraudview(R) 8.2 include full support for RAC (Real Application Clusters) architecture, enabling unlimited Scale-Out options and High Availability capabilities for the system; System Extendibility - the new CIT version (Configuration & Integration Toolkit) allows the customer's IT department to fully configure the system and add new interfaces and services, independent of ECtel's professional services; and the option of Multi Language - Fraudview(R) 8.2 is now fully multi-lingual across all application GUI (Graphical User Interface), allowing for non-English speaking analysts to utilize the system more effectively and efficiently.
About ECtel
ECtel is a leading global provider of Integrated Revenue Management(TM) (IRM(TM)) solutions for communications service providers. A pioneering market leader for nearly 20 years, ECtel offers carrier-grade solutions that enable wireline, wireless, converged and next generation operators to fully manage their revenue and cost processes. ECtel serves prominent Tier One operators, and has more than 100 implementations in over 50 countries worldwide. Established in 1990, ECtel maintains offices in the Americas and Europe. For more information, visit http://www.ectel.com/
Certain statements contained in this release contain forward-looking information with respect to plans, projections or future performance and products of the Company, the occurrence of which involves certain risks and uncertainties, including, but not limited to, the reoccurrence of sales to existing customers, the ability to recognize revenue in future periods as anticipated, the possible slow-down in expenditures by telecom operators, the unpredictability of the telecom market, product and market acceptance risks, ability to complete development and market introduction of new products, the impact of competitive pricing and offerings, fluctuations in quarterly and annual results of operations, dependence on several large customers, commercialization and technological difficulties, risks related to our operations in Israel and other risks detailed in the Company's annual report on Form 20-F and other filings with the Securities and Exchange Commission. ECtel undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Company Contacts:
Michael Neumann, Senior Vice President and CFO
Renee Van-Oostveen, MarCom Manager
Tel: +972-3-9002115
Fax: +972-3-9002103
mickeyne@ectel.com; ir@ectel.com
Media Contact:
Ruder Finn Israel for ECtel
Matthew Krieger
+972-544-676-950
matthew@ruderfinn.co.il
Investor Relations Contacts:
GK Investor Relations for ECtel
Ehud Helft\Kenny Green
+1-617-418-3096 \ + 1-646-201-9246
info@gkir.com
Photo: http://www.newscom.com/cgi-bin/prnh/20010807/FLTU015LOGO
ECtel Ltd
CONTACT: Company Contacts: Michael Neumann, Senior Vice President and CFO, Renee Van-Oostveen, MarCom Manager, Tel: +972-3-9002115, Fax: +972-3-9002103, mickeyne@ectel.com; ir@ectel.com; Media Contact: Ruder Finn Israel for Ectel, Matthew Krieger, +972-544-676-950, matthew@ruderfinn.co.il; Investor Relations Contacts: GK Investor Relations for Ectel, Ehud Helft\Kenny Green, +1-617-418-3096 \ +1-646-201-9246, info@gkir.com
Card Activation Technologies Inc. to Present at the LD MICRO Conference
CHICAGO, April 23 /PRNewswire-FirstCall/ -- Card Activation Technologies Inc. (BULLETIN BOARD: CDVT) , owners of a patent covering a method for the activation and processing of transactions related to debit styled cards, which include gift cards, phone cards and other stored value cards, announced that it will present at the LD MICRO Conference on Tuesday, April 29th at 12:00 PM. PDT. The conference will be held at the Omni Los Angeles Hotel in Los Angeles.
LD MICRO publishes a by-invitation only newsletter focusing on discovering undervalued companies in the micro cap space overlooked by institutional investors. Since 2002, the firm has published an annual list of recommended stocks as well as comprehensive reports on select names throughout the year.
The Card Activation patent relates to a method used by most retailers for processing debit styled cards, which include gift cards and phone cards. Card Activation currently has lawsuits pending against Walgreen Company , Sears Holding Corporation , TJX Companies and OfficeMax , as well as Barnes & Noble and Aeropostale. Card Activation has also placed on notice approximately 600 retailers relating to their potential infringement of the patent.
Card Activation Technologies, Inc. is a Chicago-based company that owns proprietary patented payment transaction technology used for processing gift cards, phone cards and other debit purchase transactions. The company is actively seeking to license its technology to the thousands of current users and believes that many retailers, gas stations, phone companies and others that utilize those stored value cards, such as gift and debit, infringe its patent. As a result, the company is aggressively pursuing litigation against these infringements. The Federal Reserve Bank of Philadelphia estimated prepaid card market to be valued in excess of $181.7 billion in transactions in 2006. According to market forecasts, the prepaid industry will grow to $421.5 Billion by 2010. For further information about Card Activation Technologies go to http://www.cardactivation.com/
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Card Activation Technologies, Inc. (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) defend its patent; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at http://www.sec.gov/ under "Search for Company Filings."
Contacts for Card Activation Technologies
Bev Jedynak Paul Knopick
Martin E. Janis & Company Inc. E & E Communications
312-943-1123 (949) 707-5365
bjedynak@janispr.com pknopick@eandecommunications.com
Card Activation Technologies Inc.
CONTACT: Bev Jedynak of Martin E. Janis & Company Inc., +1-312-943-1123, bjedynak@janispr.com; or Paul Knopick of E & E Communications, +1-949-707-5365, pknopick@eandecommunications.com, both for Card Activation Technologies Inc.
Web site: http://www.cardactivation.com/
Oberthur Technologies XPon Offer
PARIS, April 23 /PRNewswire-FirstCall/ -- This press release is not and must not be, directly or indirectly, distributed or made public in Australia, Canada, Japan, South Africa or the United States of America. The Offer is not being made to persons in those jurisdictions or elsewhere where their participation requires further offer documents, filings or other measures in addition to those required by Swedish law. This is a translation of the original Swedish language press release. In the event of a dispute, the original Swedish language press release shall prevail.
98.7% of the Shares in XPonCard Group AB (publ) Tendered in the Offer or Acquired in the Market
On 19 February 2008, Oberthur Technologies S.A. ("Oberthur") announced a recommended cash offer (the "Offer") to acquire all shares in XPonCard Group AB (publ) ("XPonCard"). On 8 April 2008, Oberthur declared the Offer unconditional and extended the acceptance period until 18 April 2008.
A total of 38,239 shares, representing 0.9% of the shares and votes in XPonCard, have been tendered during the extension of the acceptance period. Consequently, a total of 3,889,604 shares in XPonCard, representing 86.7% of the shares and votes in XPonCard, have been tendered in the Offer. Up until and including 22 April 2008, Oberthur has also acquired in total 539,250 shares in the market, representing 12.0% of the shares and votes in XPonCard. Accordingly, following the expiration of the extended acceptance period and including the shares acquired in the market, Oberthur will own in aggregate 4,428,854 shares in XPonCard, representing 98.7% of the shares and votes in XPonCard.
Settlement in respect of shares tendered during the extension of the acceptance period is expected to commence on or about 30 April 2008. The Offer will not be extended further. However, Oberthur may acquire additional shares in XPonCard in the market.
As previously announced, Oberthur will initiate mandatory redemption of the remaining, not tendered, XPonCard shares in the near term, as well as act to have the XPonCard share delisted from OMX Nordic Exchange Stockholm.
Oberthur Technologies S.A.
For further information, please contact:
Oberthur Technologies:
Jean-Michel Guichot
Chief Financial Officer
Phone: +33-1-47-64-64-08
E-Mail: jm.guichot@oberthur.com
Stephanie Cau
Investor relations
Phone: +33-1-47-85-56-57
E-mail: s.cau@oberthurcs.com
Oberthur Technologies
CONTACT: Oberthur Technologies: Jean-Michel Guichot, Chief Financial Officer, Phone: +33-1-47-64-64-08, E-Mail: jm.guichot@oberthur.com; Stephanie Cau, Investor relations, Phone: +33-1-47-85-56-57, E-mail: s.cau@oberthurcs.com
E-Marketers, ISPs Take Fresh Look at Battling Spam With Revised MAAWG Best Practices for Volume Senders
SAN FRANCISCO, April 23 /PRNewswire/ --
The Messaging Anti-Abuse Working Group (MAAWG) has released version 2.0
of its Senders Best Communications Practices defining how volume email
senders can improve the deliverability of legitimate e-newsletters and
permission-based e-marketing. The recommendations, originally issued last
year as one of the first collaborative efforts between network operators and
volume senders worldwide, has been updated to address new forms of spam and
to clarify permission options.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070124/CLW180LOGO )
Available today at the MAAWG site www.MAAWG.org, the updated best
practices include new guidelines to help legitimate email avoid being
mistaken for image-based junk mail, which has become a popular spamming
technique. List permission and opt-in recommendations have been amended to
reflect current practices, and recommended user-unsubscribe processes are
clarified, along with other updates to the document, according to Dennis
Dayman, MAAWG senders committee co-chair and Eloqua Corp. chief privacy
officer.
"The MAAWG senders best practices are intended to help protect users'
online experience by improving industry cooperation and communication. For
example, in this update we advise e-marketers not to embed unsubscribe
instructions in an image or icon, as many users' systems will automatically
block the message or not display the icon," Dayman said.
Originally issued by MAAWG last year, the best practices were developed
through the cooperative effort of the industry's largest ISPs, network
operators and vendors. The original practices also were endorsed by other
trade associations, such as CAUCE (Coalition Against Unsolicited Commercial
Email), an organization that represents Internet users and email recipients.
About the Messaging Anti-Abuse Working Group (MAAWG)
The Messaging Anti-Abuse Working Group (MAAWG) is where the messaging
industry comes together to work against spam, viruses, denial-of-service
attacks and other online exploitation. MAAWG (www.MAAWG.org) represents
almost one billion mailboxes from some of the largest network operators
worldwide. It is the only organization addressing messaging abuse
holistically by systematically engaging all aspects of the problem, including
technology, industry collaboration and public policy. MAAWG is a member of
the global London Action Plan (LAP) and StopSpamAlliance, and leverages its
members' depth and experience to tackle abuse on existing networks and new
emerging services. Headquartered in San Francisco, Calif., MAAWG is an open
forum driven by market needs and supported by major network operators and
messaging providers.
MAAWG Board of Directors: AOL; AT&T (NYSE: T); Bell Canada; Charter
Communications (Nasdaq: CHTR); Cloudmark; Comcast (Nasdaq: CMCSA); Cox
Communications; EarthLink (Nasdaq: ELNK); France Telecom (NYSE and Euronext:
FTE); Goodmail Systems; Openwave Systems (Nasdaq: OPWV); Return Path, Inc.
(Full-Member representative to the Board); Time Warner Cable; Verizon
Communications; and Yahoo! Inc.
MAAWG Full Members: 1&1 Internet AG; AG Interactive; Bizanga LTD; Eloqua
Corporation; Google Inc.; Internet Initiative Japan, (IIJ Nasdaq: IIJI);
IronPort Systems; McAfee Inc.; MX Logic; Outblaze LTD; Return Path, Inc.;
Sprint; Sun Microsystems, Inc.; Symantec; and Telefonica SA.
Complete member list at http://www.maawg.org/about/roster.
Web site: http://www.MAAWG.org
http://www.maawg.org/about/roster
Messaging Anti-Abuse Working Group
Linda Marcus, APR, +1-714-974-6356, lmarcus@astra.cc, of Astra Communications, for Messaging Anti-Abuse Working Group; Photo: http://www.newscom.com/cgi-bin/prnh/20070124/CLW180LOGO
Oberthur Technologies Offre XPon
PARIS, April 23 /PRNewswire/ -- Ce communiqué de presse n'est pas et ne doit pas être, directement ou
indirectement, diffusé ou rendu public en Australie, au Canada, au Japon, en
Afrique du sud ou aux Etats-Unis. Cette offre n'est pas adressée à des
personnes se trouvant dans ces juridictions ni dans des pays tiers, où leur
participation imposerait de remplir des documents complémentaires ou de
prendre de nouvelles mesures, en plus de celles stipulées par la législation
suédoise. Ce document est une traduction du communiqué de presse suédois. En
cas de litige, le texte suédois prévaut.
98,7 % des actions du groupe XPonCard Group AB apportées à l'offre ou
acquises sur le marché
Le 19 février 2008, Oberthur Technologies S.A. (<< Oberthur >>) a annoncé
une offre publique recommandée en numéraire (<< offre >>) pour acquérir
l'ensemble des actions du groupe XPonCard Group AB (<< XPonCard >>). Oberthur
a déclaré le 8 avril 2008 que l'offre était inconditionnelle et a prorogé la
période d'acceptation de l'offre jusqu'au 18 avril 2008.
38 239 actions au total, soit 0,9 % des actions et des droits de vote de
XPonCard, ont été apportées à l'offre au cours de la prorogation de la
période d'acceptation de l'offre. 3 889 604 actions de XPonCard, soit 86,7 %
des actions et des droits de vote de XPonCard, ont été apportées à l'offre. A
la date du 22 avril 2008, Oberthur avait acquis 539 250 actions au total sur
le marché, soit 12 % des actions et des droits de vote de XPonCard. Après
l'expiration de la prorogation de la période d'acceptation de l'offre et en
tenant compte des actions acquises sur le marché, Oberthur détiendra 4 428
854 actions XPonCard au total, soit 98,7 % des actions et des droits de vote
de XPonCard.
La date prévue pour le début du règlement pour les actions apportées au
cours de la période de prorogation de l'offre se situe autour du 30 avril
2008. Il n'y aura pas de nouvelle prorogation de la période d'acceptation de
l'offre. Oberthur se réserve toutefois la faculté d'acquérir d'autres actions
XPonCard sur le marché.
Comme ceci avait été annoncé précédemment, Oberthur lancera sous peu une
procédure d'acquisition obligatoire des actions restantes de XPonCard n'ayant
pas été apportées à l'offre, et demandera à ce que l'action XPonCard soit
radiée de la cote de la bourse nordique OMX à Stockholm.
Oberthur Technologies S.A.
Pour plus d'informations, veuillez contacter
Oberthur Technologies:
Jean-Michel Guichot - CFO
Tél. : +33-1-47-64-64-08
Mél : jm.guichot@oberthur.com
Stéphanie Cau
Relations investisseurs
Tél. : +33-1-47-85-56-57
Mél : s.cau@oberthurcs.com
Oberthur Technologies
Pour plus d'informations, veuillez contacter Oberthur Technologies: Jean-Michel Guichot - CFO Tél. : +33-1-47-64-64-08, Mél : jm.guichot@oberthur.com; Stéphanie Cau Relations investisseurs Tél. : +33-1-47-85-56-57, Mél : s.cau@oberthurcs.com
Microsoft Announces Worldwide Availability of E-Government PlatformCitizen Service Platform enables Microsoft and partners to provide governments with tools focused on efficiency and responsiveness.
REDMOND, Wash., April 23 /PRNewswire-FirstCall/ -- The Citizen Service Platform (CSP) now is available to customers along with free templates to help customers implement technological solutions to some of the most common issues governments face. The CSP application framework, announced by Microsoft Corp. in January 2008, is designed to help governments of all sizes more responsively deliver services to citizens via the Internet, which facilitates easier interaction with citizens, streamlines processes and, as a result, saves time and taxpayer dollars.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)
The CSP, a culmination of Microsoft's partnerships, programs and projects conducted with governments over several years, was developed based on challenges faced by diverse government offices and different regions worldwide.
From London to Porto, Portugal, to all the municipalities of Denmark, governments of all sizes are using technology to interact with citizens in a variety of new and innovative ways. Microsoft has developed an applications framework upon which partners can build solutions that address specific government needs, including technical guidance regarding implementation and customization for use by both partners and customers. To date, more than 90 partners have signed up to build solutions on the CSP.
"The need for a platform like the CSP is clearly demonstrated by the response we've received from our partners," said Ralph Young, vice president for the Worldwide Public Sector at Microsoft. "A common framework to build from allows partners to tailor their solutions to specific government needs and, after working with governments for the past several years on early versions of the CSP, it's exciting to watch this community effort really start to pay dividends to both citizens and the governments that serve them."
In Porto this week, the Local and Regional Government Solutions Forum will bring together almost 300 partners and customers to discuss the management challenges governments face and technology's role in solving these issues. Some already have experienced how the CSP, in combination with a tailored partner solution, can increase efficiency, decrease costs and bring constituents and government closer together. Others will be coming to view firsthand how they can make further use of their existing technology investments by using them as part of the CSP rather than starting from scratch.
"E-government initiatives can be difficult to implement as resistance is generally high due to legacy and integration issues," said A. Kaare Norgaard, CEO of Resultmaker A/S, the CSP partner on the implementation of Denmark's sickness reimbursement program. "However, now the system is appreciated as the best example of e-government in practice, which simply demonstrates how installing a platform where parts already exist is half the battle, as is often the case with the CSP."
Free Templates Allow Partners and Customers to Customize In-House
CSP availability includes templates available for existing customers to download at no cost, bolstering their ability to do more with existing technology investments. The eight new templates that focus on common government pain points are these:
-- E-Councilor template. Live Agent that allows messenger communication
with a virtual government worker to ask questions
-- Web TV template. Allows government and citizen video hosting in Web 2.0
style
-- Windows SharePoint Services 3.0 templates. Set of 40 templates to
customize scenarios that address both site and system administration
needs
-- Local government communications template. Sample portal with intranet
and extranet templates
-- Role-based My Site template. Designed for Microsoft Office SharePoint
Server 2007 and the My Site functionality
-- Agenda Management template. Allows organizations to streamline
processes
-- Electronic form templates. InfoPath form templates addressing areas
from building permitting to tax declaration
-- Microsoft Dynamics CRM templates for municipal governments. Vertical
templates including reference data models, pre-defined workflows and
role-based user experiences
With the templates, governments are able to apply them to their own CSP configurations, and customize them to further close the gap between citizen expectations and their own delivery of services. According to research conducted on behalf of Microsoft by Capgemini in 2007, features such as citizen portals, case management, intelligent forms, community Web sites and document management emerged as strong priorities for governments to focus their IT spending on; all are represented in the free template offerings.
CSP and Partner Solutions at Work
Availability of the CSP allows other cities to experience what London, Porto and the municipalities of Denmark already have:
-- The Square Mile. The City of London Corp. provides local government,
policing and other services for the financial and commercial heart of
Britain, the Square Mile. The area houses 320,000 workers a day in a
region that produces 2 percent of the U.K.'s GDP. The city worked with
CSP partner TeamKnowledge to introduce a contact center built upon
Microsoft Dynamics CRM that provides a single point of entry for
incoming citizen inquiries, from parking violations to building
permits. Results from January 2007 to January 2008 were as follows:
* Call volume went from 130,000 to various departments to just over
50,000 calls answered at the consolidated Contact Centre.
* Eighty-three percent of calls were answered within 20 seconds.
* Sixty-five percent of calls were resolved at the first point of
contact (i.e., not passed on to a specialist).
-- Connecting local and central government. Danish governments are
successfully running the digital sickness reimbursement solution with
partner Resultmaker, which allows Danish citizens absent due to illness
(as well as for maternity or paternity leave) to be paid by employers,
employers to remit that salary to the local government, and the local
government to be reimbursed by the central government. The Resultmaker
solution works atop Microsoft Office SharePoint Server and integrates a
number of central government agencies with all of the Danish
municipalities. Results to date include the following:
* An estimated 69 million euros in savings for the municipalities of
Denmark (4,000 transactions per day at 75 euros per transaction to
process, or 300,000 euros per day in direct administrative cost
reduction, based on 230 working days per year).
* Daily transactions with errors have been reduced from a range of 50
percent to 75 percent down to zero.
* Time gained by the municipality, as municipal employees now have
extra time to work on other healthcare-related tasks such as
preventive care that will save additional costs by preventing further
sickness reimbursement.
-- Saving more than time and money. The city council in Porto, the
second-largest in Portugal, needed an efficient solution to internally
manage city council meetings, which generate hundreds of thousands of
pages of documents each year. The Executive Portal project, a portion
of the CSP offering based on Microsoft SharePoint Portal 2007
technologies, computerized all the documentation needed for city
council meetings, and streamlined the entire preparation process.
* Reduction in paper equivalent to 11 trees per year
* Simplification and streamlining of city council meeting logistics and
bureaucracy
* Integration with Porto's city council document management system
* Future scalability of the solution based on existing functionality
deployed by the platform
More information on CSP, as well as further case studies, purchasing information, and details on how to locate local partners, can be found at http://www.microsoft.com/industry/publicsector/government/csp.mspx.
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Microsoft Corp.
CONTACT: Rapid Response Team of Waggener Edstrom Worldwide, +1-503-443-7070, rrt@waggeneredstrom.com, for Microsoft Corp.
Web site: http://www.microsoft.com/
Zebra Technologies Announces Chief Financial Officer TransitionRandy Whitchurch to retire after 17 years with Zebra; Michael C. Smiley appointed new CFO
VERNON HILLS, Ill., April 23 /PRNewswire-FirstCall/ -- Zebra Technologies Corporation today announced the retirement of Chief Financial Officer Charles "Randy" Whitchurch, effective June 30. Mr. Whitchurch joined Zebra in 1991 as chief financial officer. Succeeding Mr. Whitchurch, 61, will be Michael C. Smiley, effective May 1, 2008.
"Zebra's success over the past 17 years as a public company is due in significant measure to the contributions Randy has made to the organization as a member of the senior management team," said Anders Gustafsson, Zebra's chief executive officer. "During his tenure, Zebra's market capitalization has increased more than 10 times to more than $2.2 billion today. We have grown from a largely North American-based printer company to a recognized global leader delivering a broad range of specialty printing and automatic identification solutions. His leadership and business acumen in finance, strategy and other key areas will be greatly missed."
Michael Smiley, age 48, joins Zebra from Tellabs, Inc., a global provider of telecommunications networking products. At Tellabs, he led all accounting and finance functions outside of the U.S. and most recently served as General Manager for the Tellabs Denmark A/S unit, which has sales in excess of $100 million to customers around the world. During his six years at Tellabs, Mr. Smiley held various financial and operations executive positions including interim chief financial officer, vice president international finance, and treasurer. Prior to Tellabs, Mr. Smiley was located in Taipei, Taiwan, as vice president, finance, for the Asia Pacific region of General Semiconductor, with the corporation's key manufacturing and revenue-generating operations in the region. Earlier in his career, he held positions of increasing responsibility at General Instrument, GATX Corp. and Itel Corporation/Anixter Brothers. He began his professional career as an auditor with Coopers & Lybrand. Mr. Smiley holds a bachelor's degree in accounting from Brigham Young University and an MBA from the University of Chicago.
"Mike Smiley's skills and experience in global finance, international technology operations and outsourcing align with Zebra's strategic goals to move the company forward," commented Mr. Gustafsson. "His unmatched professionalism and high ethical standards will make him a valued member of Zebra's senior management team."
Mr. Smiley commented, "I look forward to joining Zebra at this time when technology and global expansion are playing an increasingly important role in the company. Zebra has tremendous growth opportunities ahead of it, and I'm pleased to become a part of this great organization."
Zebra Technologies Corporation helps companies identify, track and manage assets, transactions and people with on-demand specialty digital printing and automatic identification solutions. In more than 100 countries around the world, more than 90 percent of Fortune 500 companies use innovative and reliable Zebra printers, supplies, RFID products and software to increase productivity, improve quality, lower costs, and deliver better customer service. Information about Zebra and Zebra-brand products can be found at http://www.zebra.com/.
CONTACT: Investors: Media:
Douglas A. Fox, CFA Tim Dreyer
Vice President, Investor Relations Manager, Public Relations
+1 847 793 6735 +1 847 793 5677
dfox@zebra.com tdreyer@zebra.com
Zebra Technologies Corporation
CONTACT: Investors, Douglas A. Fox, CFA, Vice President, Investor Relations, +1-847-793-6735, dfox@zebra.com, or media, Tim Dreyer, Manager, Public Relations, +1-847-793-5677, tdreyer@zebra.com, both of Zebra Technologies Corporation
Web site: http://www.zebra.com/
Zebra Technologies Announces 2008 First Quarter Financial ResultsStrong sales growth in core Specialty Printing business and gross margin improvement lead to solid first quarter performance
VERNON HILLS, Ill., April 23 /PRNewswire-FirstCall/ -- Zebra Technologies Corporation today announced 18.1% growth in net sales to a record $246,277,000 for the first quarter of 2008 from $208,576,000 for the first quarter of 2007. Net income for the period was $27,644,000, or $0.42 per diluted share, compared with $26,716,000, or $0.39 per diluted share, a year ago.
"Strong international sales, favorable performance in our new Enterprise Solutions business unit and progress on our strategic priorities gave Zebra a solid start in 2008," stated Anders Gustafsson, Zebra's chief executive officer. "Our programs to deliver more identification and tracking solutions to targeted vertical markets are delivering real results. Customers around the world, supported by an expanding geographic Zebra presence, are responding positively to the broader range of automatic identification technologies we're now able to provide to improve their business processes. Zebra is well positioned to benefit from the demands for better management over an increasingly complex global supply chain. The diversity of our solutions portfolio, customers and geographic presence make us optimistic about further growth."
Discussion and Analysis
For the first quarter of 2008 compared with the first quarter of 2007:
-- Sales growth of 11.3% in the company's Specialty Printing business unit
and the sales contributions of its 2007 acquisitions fueled
consolidated sales growth of 18.1%. International sales increased
31.8%, with record sales in the Asia Pacific and Europe, Middle East
and Africa regions.
-- Gross profit margin increased to 49.9% from 47.8%. Profitability was
favorably affected by an improved product mix in specialty printers,
better overhead utilization and a positive contribution from the
company's Enterprise Solutions business unit.
-- Expenses for sales and marketing, research and development, and general
and administrative activities increased principally from the addition
of personnel and other expenses related to the acquisitions of
WhereNet, proveo and Navis in 2007.
-- Operating expenses were also affected by a $2,191,000 increase in the
amortization of intangible assets, as well as $3,234,000 in exit costs
related to the company's previously announced initiative to transfer
final assembly of thermal printers to a third party.
At March 29, 2008, Zebra had $306,284,000 in cash and investments, and no long-term debt. Net inventories were $89,443,000, and accounts receivable, net, were $171,862,000.
During the first quarter of 2008, the company repurchased 1,029,000 shares of Zebra Technologies Class A Common Stock under an authorization to purchase up to 3,000,000 shares.
Second Quarter Outlook
Zebra announced its financial forecast for the second quarter of 2008. Net sales are expected within a range of $248,000,000 to $260,000,000. Earnings are expected between $0.38 and $0.44 per diluted share. This outlook includes approximately $4,800,000 in exit costs.
Conference Call Notification
Investors are invited to listen to a live Internet broadcast of Zebra's conference call discussing the company's financial results for the first quarter of 2008. The conference call will be held at 11:00 a.m. Eastern Time today. To listen to the call, visit the company's Web site at http://www.zebra.com/.
Forward-looking Statement
This press release contains forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, the statements regarding the company's financial forecast for the second quarter of 2008 stated in the paragraph above. Actual results may differ from those expressed or implied in the company's forward-looking statements. These statements represent estimates only as of the date they were made. Zebra may elect to update forward-looking statements but expressly disclaims any obligation to do so, even if the company's estimates change.
These forward-looking statements are based on current expectations, forecasts and assumptions and are subject to the risks and uncertainties inherent in Zebra's industry, market conditions, general domestic and international economic conditions, and other factors. These factors include market conditions in North America and other geographic regions and market acceptance of Zebra's printer and software products and competitors' product offerings and the potential effects of technological changes. Other factors include U.S. and foreign regulations that pertain to electrical and electronic equipment, including European Union and other country directives relating to the collection, recycling, treatment and disposal of products and the reduction or elimination of certain specified materials in such products. Zebra's failure to comply with these regulations may subject Zebra to penalties, prevent Zebra from selling its products in a certain country, or increase the cost of supplying the products. Profits and profitability will be affected by the company's ability to control manufacturing and operating costs. Because of a large investment portfolio, interest rates and financial market conditions will also have an impact on results. Foreign exchange rates will have an effect on financial results because of the large percentage of our international sales. The outcome of litigation in which Zebra is involved, and particularly litigation or claims related to alleged infringement of third-party intellectual property rights, is another factor. In addition, the acquisitions of WhereNet, proveo and Navis, which were completed in 2007, and Multispectral Solutions, which was completed in April 2008, have risks relating to integrating these companies' businesses and operations with Zebra's. These and other factors could have an adverse effect on Zebra's sales, gross profit margins and results of operations and increase the volatility of our financial results. When used in this release and documents referenced, the words "anticipate," "believe," "estimate," and "expect" and similar expressions, as they relate to the company or its management, are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. Descriptions of the risks, uncertainties and other factors that could affect the company's future operations and results can be found in Zebra's filings with the Securities and Exchange Commission. In particular, readers are referred to Zebra's Form 10-K for the year ended December 31, 2007.
Zebra Technologies Corporation helps companies identify, track and manage assets, transactions and people with on-demand specialty digital printing and automatic identification solutions. In more than 100 countries around the world, more than 90 percent of Fortune 500 companies use innovative and reliable Zebra printers, supplies, RFID products and software to increase productivity, improve quality, lower costs, and deliver better customer service. Information about Zebra and Zebra-brand products can be found at http://www.zebra.com/.
CONTACT: Investors: Media:
Douglas A. Fox, CFA Tim Dreyer
Vice President, Investor Relations Manager, Public Relations
+1 847 793 6735 +1 847 793 5677
dfox@zebra.com tdreyer@zebra.com
ZEBRA TECHNOLOGIES CORPORATION
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
March 29, December 31,
2008 2007
ASSETS (Unaudited)
Current assets:
Cash and cash equivalents $58,510 $38,211
Restricted cash 1,042 2,497
Investments and marketable securities 97,407 98,438
Accounts receivable, net 171,862 150,775
Inventories, net 89,443 85,038
Deferred income taxes 14,483 14,772
Prepaid expenses 10,776 31,101
Total current assets 443,523 420,832
Property and equipment at cost, less
accumulated depreciation and amortization 69,716 67,686
Long-term deferred income taxes 31,990 28,407
Goodwill 247,670 246,510
Other intangibles, net 115,287 119,424
Long-term investments and marketable
securities 149,325 142,033
Other assets 9,095 9,386
Total assets $1,066,606 $1,034,278
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $47,119 $42,351
Accrued liabilities 85,229 69,437
Deferred revenue 11,111 9,633
Income taxes payable 13,300 751
Total current liabilities 156,759 122,172
Deferred rent 1,011 961
Other long-term liabilities 9,681 8,452
Total liabilities 167,451 131,585
Stockholders' equity:
Preferred Stock - -
Class A Common Stock 722 722
Additional paid-in capital 143,457 141,522
Treasury stock (236,722) (205,058)
Retained earnings 988,156 960,512
Accumulated other comprehensive income 3,542 4,995
Total stockholders' equity 899,155 902,693
Total liabilities and
stockholders' equity $1,066,606 $1,034,278
ZEBRA TECHNOLOGIES CORPORATION
CONSOLIDATED STATEMENTS OF EARNINGS
(Amounts in thousands, except per share data)
(Unaudited)
Three Months Ended
March 29, March 31,
2008 2007
Net sales $246,277 $208,576
Cost of sales 123,480 108,786
Gross profit 122,797 99,790
Operating expenses:
Selling and marketing 30,861 28,164
Research and development 19,789 14,185
General and administrative 25,045 17,932
Amortization of intangible assets 4,514 2,323
Exit costs 3,234 -
Acquired in-process research
and development - 1,853
Total operating expenses 83,443 64,457
Operating income 39,354 35,333
Other income (expense):
Investment income 2,405 5,304
Foreign exchange gains 700 175
Other, net (254) 76
Total other income 2,851 5,555
Income before income taxes 42,205 40,888
Income taxes 14,561 14,172
Net income $27,644 $26,716
Basic earnings per share $0.42 $0.39
Diluted earnings per share $0.42 $0.39
Basic weighted average shares outstanding 66,134 68,908
Diluted weighted average and equivalent
shares outstanding 66,518 69,367
ZEBRA TECHNOLOGIES CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Amounts in thousands)
(Unaudited)
Three Months Ended
March 29, March 31,
2008 2007
Cash flows from operating activities:
Net income $27,644 $26,716
Adjustments to reconcile net income
to net cash provided by
operating activities:
Depreciation and amortization 9,088 5,853
Stock-based compensation 3,417 3,338
Excess tax benefit from
share-based compensation (51) (479)
Acquired in-process research
and development - 1,853
Deferred income taxes (3,553) (1,097)
Changes in assets and liabilities, net of
effects of acquisitions:
Accounts receivable, net (21,393) (7,065)
Inventories (3,834) 2,779
Other assets 2,952 (123)
Accounts payable 2,901 (12,275)
Accrued liabilities 7,085 (7,619)
Deferred revenue 2,745 3,301
Income taxes payable 12,534 10,815
Other operating activities (5,635) 834
Net cash provided by
operating activities 33,900 26,831
Cash flows from investing activities:
Purchases of property and equipment (5,909) (5,333)
Acquisition of businesses acquired,
net of cash acquired - (127,200)
Purchases of investments and
marketable securities (190,530) (166,285)
Maturities of investments and
marketable securities 128,723 195,424
Sales of investments and
marketable securities 78,156 78,069
Net cash used in investing activities 10,440 (25,325)
Cash flows from financing activities:
Purchase of treasury stock (24,600) (6,048)
Proceeds from exercise of stock options
and stock purchase plan purchases 667 4,337
Excess tax benefit from
share-based compensation 51 479
Net cash used in financing activities (23,882) (1,232)
Effect of exchange rate changes on cash (159) 18
Net increase in cash and cash equivalents 20,299 292
Cash and cash equivalents at
beginning of period 38,211 39,648
Cash and cash equivalents at end of period $58,510 $39,940
Supplemental disclosures of cash
flow information:
Income taxes paid $2,471 $4,357
Supplemental disclosures of
non-cash transactions:
Purchase of treasury shares not paid
in the first quarter of 2008 $9,153 -
ZEBRA TECHNOLOGIES CORPORATION
SUPPLEMENTAL SALES INFORMATION
(Amounts in thousands)
(Unaudited)
Sales by Product Category
Three Months Ended
Mar. 29, Mar. 31, Percent Percent of
2008 2007 Change Total Sales
Hardware $180,181 $159,588 12.9 73.2
Supplies 41,902 38,081 10.0 17.0
Service and software 25,180 9,394 168.0 10.2
Shipping and handling 1,802 1,648 9.3 0.7
Cash flow from hedging
activities (2,788) (135) NM (1.1)
Total sales $246,277 $208,576 18.1 100.0
Sales by Geographic Region
Three Months Ended
Mar. 29, Mar. 31, Percent Percent of
2008 2007 Change Total Sales
Europe, Middle East
and Africa $97,370 $75,985 28.1 39.5
Latin America 15,983 12,523 27.6 6.5
Asia-Pacific 23,778 15,562 52.8 9.7
Total international 137,131 104,070 31.8 55.7
North America 109,146 104,506 4.4 44.3
Total sales $246,277 $208,576 18.1 100.0
ZEBRA TECHNOLOGIES CORPORATION
SUPPLEMENTAL SEGMENT INFORMATION
(Amounts in thousands)
(Unaudited)
Three Months Ended
March 29, March 31,
2008 2007
Sales
Specialty Printing $224,751 $201,895
Enterprise Solutions 21,526 6,681
Total 246,277 208,576
Cost of sales
Specialty Printing 112,812 104,266
Enterprise Solutions 10,668 4,520
Total 123,480 108,786
Gross profit 122,797 99,790
Operating expenses
Specialty Printing 50,334 45,837
Enterprise Solutions 17,921 5,741
Administrative and other 15,188 12,879
Total 83,443 64,457
Operating income $39,354 $35,333
Zebra Technologies Corporation
CONTACT: Investors, Douglas A. Fox, CFA, Vice President, Investor Relations, +1-847-793-6735, dfox@zebra.com, or Media, Tim Dreyer, Manager, Public Relations, +1-847-793-5677, tdreyer@zebra.com, both of Zebra Technologies Corporation
Web site: http://www.zebra.com/
Microsoft Announces Worldwide Availability of E-Government Platform
REDMOND, Washington, April 23 /PRNewswire/ --
- Citizen Service Platform enables Microsoft and partners to provide
governments with tools focused on efficiency and responsiveness.
The Citizen Service Platform (CSP) now is available to customers along
with free templates to help customers implement technological solutions to
some of the most common issues governments face. The CSP application
framework, announced by Microsoft Corp in January 2008, is designed to help
governments of all sizes more responsively deliver services to citizens via
the internet, which facilitates easier interaction with citizens, streamlines
processes and, as a result, saves time and taxpayer dollars.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)
The CSP, a culmination of Microsoft's partnerships, programmes and
projects conducted with governments over several years, was developed based
on challenges faced by diverse government offices and different regions
worldwide.
From London to Porto, Portugal, to all the municipalities of Denmark,
governments of all sizes are using technology to interact with citizens in a
variety of new and innovative ways. Microsoft has developed an applications
framework upon which partners can build solutions that address specific
government needs, including technical guidance regarding implementation and
customisation for use by both partners and customers. To date, more than 90
partners have signed up to build solutions on the CSP.
"The need for a platform like the CSP is clearly demonstrated by the
response we've received from our partners," said Ralph Young, vice president
for the Worldwide Public Sector at Microsoft. "A common framework to build
from allows partners to tailor their solutions to specific government needs
and, after working with governments for the past several years on early
versions of the CSP, it's exciting to watch this community effort really
start to pay dividends to both citizens and the governments that serve them."
In Porto this week, the Local and Regional Government Solutions Forum
will bring together almost 300 partners and customers to discuss the
management challenges governments face and technology's role in solving
these issues. Some already have experienced how the CSP, in combination
with a tailored partner solution, can increase efficiency, decrease costs
and bring constituents and government closer together. Others will be coming
to view firsthand how they can make further use of their existing technology
investments by using them as part of the CSP rather than starting from
scratch.
"E-government initiatives can be difficult to implement as resistance is
generally high due to legacy and integration issues," said A Kaare Norgaard,
CEO of Resultmaker A/S, the CSP partner on the implementation of Denmark's
sickness reimbursement programme. "However, now the system is appreciated as
the best example of e-government in practise, which simply demonstrates how
installing a platform where parts already exist is half the battle, as is
often the case with the CSP."
Free Templates Allow Partners and Customers to Customise In-House CSP
availability includes templates available for existing customers to download
at no cost, bolstering their ability to do more with existing technology
investments. The eight new templates that focus on common government pain
points are these:
-- E-Councilor template. Live Agent that allows messenger communication
with a virtual government worker to ask questions
-- Web TV template. Allows government and citizen video hosting in Web
2.0 style
-- Windows SharePoint Services 3.0 templates. Set of 40 templates to
customise scenarios that address both site and system administration
needs
-- Local government communications template. Sample portal with intranet
and extranet templates
-- Role-based My Site template. Designed for Microsoft Office SharePoint
Server 2007 and the My Site functionality
-- Agenda Management template. Allows organisations to streamline
processes
-- Electronic form templates. InfoPath form templates addressing areas
from building permitting to tax declaration
-- Microsoft Dynamics CRM templates for municipal governments. Vertical
templates including reference data models, pre-defined work flows and
role-based user experiences
With the templates, governments are able to apply them to their own CSP
configurations, and customise them to further close the gap between citizen
expectations and their own delivery of services. According to research
conducted on behalf of Microsoft by Capgemini in 2007, features such as
citizen portals, case management, intelligent forms, community web sites and
document management emerged as strong priorities for governments to focus
their IT spending on; all are represented in the free template offerings.
CSP and Partner Solutions at Work
Availability of the CSP allows other cities to experience what London,
Porto and the municipalities of Denmark already have:
-- The Square Mile. The City of London Corp provides local government,
policing and other services for the financial and commercial heart of
Britain, the Square Mile. The area houses 320,000 workers a day in a
region that produces 2 per cent of the UK's GDP. The city worked with
CSP partner TeamKnowledge to introduce a contact centre built upon
Microsoft Dynamics CRM that provides a single point of entry for
incoming citizen inquiries, from parking violations to building
permits. Results from January 2007 to January 2008 were as follows:
-- Call volume went from 130,000 to various departments to just over
50,000 calls answered at the consolidated Contact Centre.
-- Eighty-three per cent of calls were answered within 20 seconds.
-- Sixty-five per cent of calls were resolved at the first point
of contact (ie, not passed on to a specialist).
-- Connecting local and central government. Danish governments are
successfully running the digital sickness reimbursement solution with
partner Resultmaker, which allows Danish citizens absent due to
illness (as well as for maternity or paternity leave) to be paid by
employers, employers to remit that salary to the local government,
and the local government to be reimbursed by the central government.
The Resultmaker solution works atop Microsoft Office SharePoint
Server and integrates a number of central government agencies with
all of the Danish municipalities. Results to date include the
following:
-- An estimated 69 million euros in savings for the municipalities
of Denmark (4,000 transactions per day at 75 euros per
transaction to process, or 300,000 euros per day in direct
administrative cost reduction, based on 230 working days per
year).
-- Daily transactions with errors have been reduced from a range
of 50 per cent to 75 per cent down to zero.
-- Time gained by the municipality, as municipal employees now
have extra time to work on other healthcare-related tasks such
as preventive care that will save additional costs by
preventing further sickness reimbursement.
-- Saving more than time and money. The city council in Porto, the
second-largest in Portugal, needed an efficient solution to
internally manage city council meetings, which generate hundreds of
thousands of pages of documents each year. The Executive Portal
project, a portion of the CSP offering based on Microsoft SharePoint
Portal 2007 technologies, computerised all the documentation needed
for city council meetings, and streamlined the entire preparation
process.
-- Reduction in paper equivalent to 11 trees per year
-- Simplification and streamlining of city council meeting
logistics and bureaucracy
-- Integration with Porto's city council document management
system
-- Future scalability of the solution based on existing
functionality deployed by the platform
More information on CSP, as well as further case studies, purchasing
information, and details on how to locate local partners, can be found at
http://www.microsoft.com/industry/publicsector/government/csp.mspx.
About Microsoft
Founded in 1975, Microsoft (Nasdaq: MSFT) is the worldwide leader in
software, services and solutions that help people and businesses realise
their full potential.
About Microsoft EMEA (Europe, Middle East and Africa)
Microsoft has operated in EMEA since 1982. In the region Microsoft
employs more than 16,000 people in over 64 subsidiaries, delivering products
and services in more than 139 countries and territories.
This material is for informational purposes only. Microsoft Corp
disclaims all warranties and conditions with regard to use of the material
for other purposes. Microsoft Corp shall not, at any time, be liable for any
special, direct, indirect or consequential damages, whether in an action of
contract, negligence or other action arising out of or in connection with the
use or performance of the material. Nothing herein should be construed as
constituting any kind of warranty.
Web site: http://www.microsoft.com
Microsoft Corp
EMEA Response Centre, emearesponse@waggeneredstrom.com, for Microsoft Corp ; NOTE TO EDITORS: If you are interested in viewing additional information on Microsoft in EMEA, please visit http://www.microsoft.com/emea or the EMEA Press Centre at http://www.microsoft.com/emea/presscentre. Web links, telephone numbers and titles were correct at the time of publication, but may since have changed. For additional assistance, journalists and analysts may contact the appropriate contacts listed at http://www.microsoft.com/emea/presscentre/contactus.mspx. If you are interested in viewing additional information on Microsoft Corp, please visit the Microsoft web page at http://www.microsoft.com/presspass on Microsoft's corporate information pages. ; Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com
Northrop Grumman Demonstrates Mobile Broadband Wireless Capability in UK Public Safety Network Trial
LONDON, April 23 /PRNewswire/ --
- Northrop Grumman, NextWave Wireless, Successfully Test Public
Safety Network Solution and Enable First Real-time Remote Crime Scene
Investigation in the UK
Northrop Grumman Corporation (NYSE: NOC) has successfully completed a
public safety network trial in the UK, aimed at demonstrating how mobile
broadband wireless technology can help improve the responsiveness of the
emergency services.
The trial, held in collaboration with NextWave Wireless and led by the
National Policing Improvement Agency (NPIA), demonstrated how a mobile
broadband network could increase security, help the police force respond
faster to emergency services, and enable real-time transmission of
time-sensitive crime scene forensics.
"This is a robust, secure, broadband mobile wireless communications
solution that has the potential to significantly streamline and improve both
emergency and normal daily public safety operations," said Tom Afferton,
director of wireless engineering for Northrop Grumman's Information
Technology sector. "The trial builds on our successful New York City wireless
project and demonstrates the benefits of providing emergency services
responders with real-time mobile access to critical information in the
field."
The 2007 trial in Lewes, hosted by Sussex Police, used a mobile broadband
network powered by TD-CDMA technology from NextWave Wireless. The Universal
Mobile Telecommunications System standards-based mobile broadband wireless
technology delivers the broadband mobility, high capacity, reliability, and
scalability required to meet the real-time, fail-safe demands of a public
safety network.
"Northrop Grumman's experience of building wireless networks and our
systems integration expertise puts us in an excellent position to meet the
needs for this important area of technology development," said Graham
Thornton, managing director for Northrop Grumman in the UK. "We look forward
to continuing to work with the NPIA in developing ways of improving the
responsiveness of the emergency services."
Initiated through the NPIA's mobile information programme, the trial
allowed the Sussex Police to test the public safety solution jointly
developed by Northrop Grumman and NextWave Wireless in an operational
setting. The NPIA mobile information programme encourages police forces and
private sector companies to work together to provide solutions to policing
challenges such as public order, neighbourhood policing, and investigations
where mobile data can be valuable.
During the trial, the Sussex police used the mobile broadband network
successfully to transmit streaming video from fixed and body-worn cameras and
moving vehicles, even at speeds greater than 80 mph to the command station at
police headquarters. The trial also showed the value of high-speed mobile
broadband in vehicle pursuits and in potential arrest scenarios. Using the
mobile broadband network, Automated Number Plate Recognition (ANPR) databases
in police cars can be continuously updated in real time ensuring that those
on the front line have the most accurate information at all times.
Sussex Police also created simulated crime scenes to demonstrate how the
mobile broadband network could serve the police in managing multiple crime
scene investigations remotely in real time using live video feeds and the
rapid transmission of forensic evidence.
Northrop Grumman designed the overall solution and provided project
management, system integration services and technical support for
applications including CCTV cameras, shoulder-mounted video cameras, tablet
PCs, an ANPR camera and database control room facilities.
NextWave Wireless supplied the TD-CDMA Node Bs base stations and related
core equipment and provided installation, commissioning, and project
management support services.
Northrop Grumman has more than 50 years of experience designing,
integrating, and operating some of the world's most complex and secure
communications systems. It provided the core systems integration for the
Airwave Service, the secure digital radio network dedicated for the use of
the UK's emergency and public safety services and with NextWave Wireless is
delivering New York City's public safety wireless broadband network.
Northrop Grumman in the UK operates from primary locations at Chester,
Coventry, Fareham, New Malden, Peterborough, RAF Waddington and Solihull,
providing avionics, communications, electronic warfare systems, marine
navigation systems, robotics, C4ISR solutions and mission planning, IT
systems and software development.
Northrop Grumman Corporation is a US$32 billion global defence and
technology company whose 120,000 employees provide innovative systems,
products, and solutions in information and services, electronics, aerospace
and shipbuilding to government and commercial customers worldwide.
Web site: http://www.northropgrumman.com
Northrop Grumman Corporation
Ken Beedle of Northrop Grumman Corporation, +44-207-747-1910, or +44-7787-174092, Ken.beedle@euro.ngc.com
Les cybermarchands et les FAI disposent d'un nouveau moyen de lutter contre le spam grâce aux pratiques exemplaires révisées du MAAWG destinées aux expéditeurs de messages de masse
SAN FRANCISCO, April 23 /PRNewswire/ --
Le Messaging Anti-Abuse Working Group (MAAWG) (Groupe de travail contre
les abus de messagerie électronique) a lancé la version 2.0 de ses Pratiques
exemplaires de communications pour les expéditeurs qui définissent la manière
dont les expéditeurs de courriers électroniques de masse peuvent améliorer la
livrabilité de bulletins électroniques légitimes ainsi que le cybermarketing
sur permission. Les recommandations, ayant initialement été publiées l'année
dernière dans le cadre de l'une des premières mesures collaboratives entre
les opérateurs de réseau et les expéditeurs de messages de masse dans le
monde, ont été mises à jour dans le but de traiter de nouvelles formes de
spam et de clarifier les options de permission.
(Logo : http://www.newscom.com/cgi-bin/prnh/20070124/CLW180LOGO)
Disponible dès aujourd'hui sur le site Web de MAAWG à l'adresse
www.MAAWG.org, les pratiques exemplaires mises à jour comprennent de
nouvelles directives permettant aux utilisateurs de ne pas prendre les
courriers électroniques légitimes pour des courriers indésirables à partir de
leur image, ce qui est devenu une technique de spamming très prisée. Les
recommandations d'inclusion et de permission ont été modifiées afin de
refléter les pratiques actuelles, et les processus de désabonnement des
utilisateurs recommandés ont été clarifiés de même que d'autres mises à jour
au document, selon Dennis Dayman, co-président du comité des expéditeurs du
MAAWG et chef de la protection des renseignements personnels d'Eloqua Corp.
<< Les pratiques exemplaires pour les expéditeurs du MAAWG ont pour
objectif de protéger l'expérience en ligne des utilisateurs en améliorant la
coopération et la communication au sein de l'industrie. Par exemple, dans
cette mise à jour, nous informons les cybermarchands de ne pas implanter les
instructions de désabonnement dans une image ou une icône, alors que les
systèmes de nombreux utilisateurs bloqueront automatiquement le message ou
n'afficheront tout simplement pas l'icône en question >>, a déclaré M.
Dayman.
Publiées l'année dernière par le MAAWG pour la première fois, les
pratiques exemplaires ont été conçues grâce à la collaboration des plus
importants FAI, opérateurs de réseau et fournisseurs de l'industrie. La
version initiale de ces pratiques a également été appuyée par d'autres
associations professionnelles comme la CAUCE (Coalition Against Unsolicited
Commercial Email), organisation représentant les utilisateurs d'Internet et
les destinataires de courriers électroniques.
À propos du Messaging Anti-Abuse Working Group (MAAWG)
Le Messaging Anti-Abuse Working Group (MAAWG) (Groupe de travail contre
les abus de messagerie électronique) est le point de rencontre des
professionnels de l'industrie qui souhaitent lutter contre le spam, les
virus, les attaques de refus de service et d'autres formes de malveillance en
ligne. Le MAAWG (www.MAAWG.org) représente près d'un milliard de boîtes aux
lettres électroniques de certains des plus grands opérateurs de réseau dans
le monde. Il s'agit de la seule organisation apportant une réponse globale
aux messages indésirables en traitant systématiquement tous les aspects du
problème, notamment la technologie, la collaboration sectorielle et la
politique publique. Le MAAWG est membre du plan mondial London Action Plan
(LAP) et de StopSpamAlliance, et tire profit des connaissances et
l'expérience de ses membres en matière de lutte contre les abus sur les
réseaux existants et les nouveaux services émergents. Basé à San Francisco,
en Californie, le MAAWG est un forum ouvert s'adaptant aux besoins du marché
et soutenu par les principaux opérateurs de réseau et fournisseurs de
messagerie.
Conseil d'administration du MAAWG : AOL ; AT&T (NYSE : T) ; Bell Canada ;
Charter Communications (Nasdaq : CHTR) ; Cloudmark ; Comcast
(Nasdaq : CMCSA) ; Cox Communications ; EarthLink (Nasdaq : ELNK) ; France
Télécom (NYSE et Euronext : FTE) ; Goodmail Systems ; Openwave Systems
(Nasdaq : OPWV) ; Return Path, Inc. (représentant à part entière auprès
du conseil) ; Time Warner Cable ; Verizon Communications ; et Yahoo! Inc.
Membres à part entière du MAAWG : 1&1 Internet AG ; AG Interactive ;
Bizanga LTD ; Eloqua Corporation ; Google Inc. ; Internet Initiative Japan,
(IIJ Nasdaq : IIJI) ; IronPort Systems ; McAfee Inc. ; MX Logic ; Outblaze
LTD ; Return Path, Inc. ; Sprint ; Sun Microsystems, Inc. ; Symantec ; et
Telefonica SA.
Liste complète des membres disponible au
http://www.maawg.org/about/roster.
Site Web : http://www.MAAWG.org
http://www.maawg.org/about/roster
Messaging Anti-Abuse Working Group
Linda Marcus, APR, +1-714-974-6356, lmarcus@astra.cc, d'Astra Communications, pour Messaging Anti-Abuse Working Group ; Photo : http://www.newscom.com/cgi-bin/prnh/20070124/CLW180LOGO
Global Sources Scheduled to Report First Quarter 2008 Results on May 22, 2008
NEW YORK, April 23 /Xinhua-PRNewswire-FirstCall/ -- Global Sources Ltd. expects to release results for the first quarter 2008 before the market opens on May 22, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )
Chairman and CEO, Merle A. Hinrichs, is scheduled to conduct a conference call at 8:00 a.m. ET on May 22, 2008 (8:00 p.m. on May 22, 2008 in Hong Kong) to review these results in more detail. Investors in the United States may participate in the call by dialing (888) 212-8315, and international participants may dial (706) 643-0144. Investors in Hong Kong may call (852) 3011-4522. A live webcast of the conference call is scheduled to be available on Global Sources' corporate site at http://www.investor.globalsources.com/ .
For those who cannot listen to the live broadcast, a webcast replay of the call is scheduled to be available on the company's corporate site for at least 30 days. A telephone replay of the call is also scheduled to be available through May 26, 2008. To listen to the telephone replay, dial (800) 642-1687, or dial (706) 645-9291 outside the United States, and enter pass code 43874234#. For those in the Hong Kong area, the replay dial-in number is (852) 3011-4541 and enter pass code 43874234#.
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other business segment facilitates trade from the world to Greater China, and trade within China, using Chinese-language media.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 657,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 2 million products and more than 170,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 9 specialized trade shows which run 29 times a year across nine cities.
Suppliers receive more than 27 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com/ ) alone.
Global Sources has been facilitating global trade for 37 years. Global Sources' network covers more than 69 cities worldwide. In mainland China, Global Sources has over 2,100 team members in more than 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of Section 27-A of the Securities Act of 1933, as amended and Section 21-E of the Securities Exchange Act of 1934, as amended. The company's actual results could differ materially from those set forth in the forward-looking statements as a result of the risks associated with the company's business, changes in general economic conditions, and changes in the assumptions used in making such forward-looking statements.
Global Sources Press Contact in Asia:
Camellia So
Tel: +852-2555-5021
Email: cso@globalsources.com
Global Sources Investor Contact in Asia:
Investor Relations Department
Tel: +852-2555-4777
Email: investor@globalsources.com
Global Sources Press Contact in U.S.:
James W.W. Strachan
Tel: +1-480-664-8309
Email: strachan@globalsources.com
Global Sources Investor Contact in U.S.:
Kirsten Chapman & Christiane Pelz
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: investor@globalsources.com
Photo: Newscom: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b PR Newswire Photo Desk, photodesk@prnewswire.com
Global Sources
CONTACT: Press contact in Asia: Camellia So, +852-2555-5021, cso@globalsources.com; Press contact in U.S.: James W.W. Strachan of Global Sources, +1-480-664-8309, strachan@globalsources.com; Investor contact in Asia: IR Department of Global Sources, +852-2555-4777, investor@globalsources.com; Investor Contact in U.S.: Kirsten Chapman or Christiane Pelz, both of Lippert- Heilshorn & Associates, Inc., +1-415-433-3777, investor@globalsources.com, for Global Sources
Web site: http://www.globalsources.com/
FAST and 100% Fotball Help Norwegian Soccer Fans Score Best Information on Sport
OSLO, Norway, April 23 /PRNewswire/ --
- Six Local Newspapers Team Up to Provide Specialized Search Service for
Soccer Fans; FAST ESP Allows Users to Easily Navigate Wide Variety of Local
Content on Sport
Fast Search & Transfer(TM) (OSEAX: FAST.OL) (FAST(TM)), the leading
global provider of search technologies, today announced that 100% Fotball, a
soccer search service launched through collaboration between six Norwegian
newspapers, has gone live powered by the award-winning FAST Enterprise Search
Platform (FAST ESP(TM)).
100% Fotball is a collaboration between six Norwegian newspapers:
Faedrelandsvennen, Bergens Tidende, Adresseavisen, Stavanger Aftenblad,
Aftenposten and Bladet Tromso, together representing about 25% of the total
circulation in Norway. Adresseavisen, based in Trondheim and the major
newspaper in the region, is responsible for providing the 100% Fotball
service to other newspapers within the cooperative, and journalists from all
the participating newspapers contribute soccer related articles to the
service.
The 100% Fotball service previously relied on an external search solution
that did not allow for much flexibility in tailoring results for users. Since
implementing FAST ESP, the site can now offer an optimal search experience by
fine-tuning relevancy to local team information and including relevant
information from other sources like soccer match results, player and
Wikipedia information.
"We have been able to add several features that drastically enhance the
user experience, like different search profiles and boosting of local teams
for each regional newspaper," commented Rolf Dyrnes Svendsen, Digital Editor
at Adresseavisen. "We are also particularly pleased with the
community-related service that allows users to view similar searches
performed by others. Surely our users now have a unique possibility to
navigate in our rich media site."
In addition to tailoring searches, the solution provides advanced
linguistics for Norwegian, entity extraction, query completion based on
players, teams and previous searches as well as a crawler for soccer related
articles from Norwegian Wikipedia. Adresseavisen uses a publication system
from Escenic, and an Escenic connector developed by the FAST partner
Comperio.
"Being able to offer localized content that is relevant to the user is
becoming more and more of a key differentiator for regional newspapers, and
search-powered solutions allow for exactly that," said Dr. John M. Lervik,
FAST's CEO and co-founder. "We see that portals are being populated and
content enhanced by search, making for a better and deeper user experience,
increasing a site's stickiness and thereby heightening it's potential
advertising revenue. This is a win-win situation for both the users and
newspapers."
About 100% Fotball
Please click on the following links to view the service:
http://fotball.adressa.no
http://fotball.aftenposten.no
http://fotball.fvn.no
http://fotball.smp.no
http://fotball.itromso.no
http://fotball.aftenbladet.no
http://fotball.bt.no
About FAST
FAST is the leading global provider of enterprise search technologies and
solutions that are behind the scenes at the world's most innovative
companies. FAST's flexible and scalable enterprise search platform (FAST ESP)
elevates an organization's search capabilities, connecting people to relevant
information, regardless of format or where that information resides. This
drives revenues and reduces total cost of ownership by effectively leveraging
IT infrastructure. FAST's solutions are used by more than 2,600 global
customers and partners, including America Online (AOL), Cardinal Health,
CareerBuilder.com, CIGNA, CNET, Dell, Factiva, Fidelity Investments, Findexa,
IBM, Knight Ridder, LexisNexis, Overture, Rakuten, Reed Elsevier, Reuters,
Sensis, Stellent, Tenet Healthcare, Thomas Industrial Networks, T-Online, US
Army, Virgilio (Telecom Italia), and Wanadoo.
FAST is headquartered in Norway and is publicly traded under the ticker
symbol 'FAST' on the Oslo Stock Exchange. The FAST Group operates globally
with presence in Europe, the United States, Asia Pacific, Australia, South
America, and the Middle East. For further information about FAST, please
visit http://www.fastsearch.com.
(C) 2008 Fast Search & Transfer ASA - Fast Search & Transfer, FAST,
Adaptive Information Warehouse, AIW, AdMomentum, Impulse and Hubway are
trademarks of Fast Search & Transfer ASA. The FAST logo, FAST ESP, FAST
InStream, FAST InPerspective, FAST ProPublish, FAST Contextual Insight and
FAST Unity are registered trademarks of Fast Search & Transfer ASA. All
rights reserved.
Web site: http://www.fastsearch.com
FAST
Carine Zeier (EMEA), +47-48-01-13-47, or Silvie Casanova (US), +1-781-304-2545, both of FAST PR, pr@fastsearch.com
The Scientific Business of Thomson Reuters and King's College London Host Conference on Bibliometrics, League Tables and the Research Excellence FrameworkTimely Event Focuses On Increasing Importance of Bibliometric Data in the University Ranking Systems and Proposed Use of Citation Data for the REF
PHILADELPHIA AND LONDON, April 23 /PRNewswire-FirstCall/ -- The Scientific business of Thomson Reuters and King's College London today announced they will be hosting Beyond the RAE 2008: Bibliometrics, League Tables and the REF. To be held at King's College London on April 30, 2008, this one-day event will help inform universities about appropriate uses of citation data in research evaluation and provide a forum to discuss and plan for future evaluative activities around the upcoming Research Excellence Framework (REF), the successor to the Research Assessment Exercise (RAE).
The conference, developed primarily for those preparing their institutions for the REF, will feature speakers from the Higher Education Funding Council (HEFC), The Center for Science and Technology Studies (CWTS), Evidence, Ltd. and Thomson Reuters, with an external perspective provided by the Australian Research Evaluation and Policy Project. The speakers will describe best practices in citation analysis and discuss strategies to assist universities in the data collection and evaluation process. In addition, case studies from King's College London, the University of Leicester, and the University of Southampton will describe these institutions' experiences in collecting and managing research output metadata.
"This timely meeting will tackle the increasing importance of bibliometric data in the university ranking systems," said Jim Pringle, vice president of product development for the Scientific business at Thomson Reuters. "With the expertise of King's College London, we are bringing together the top minds in the industry to discuss the appropriate uses of citation data in research evaluation."
"With the advent of the REF, the UK university sector faces the challenge of bibliometrics in addition to the perennial problems of collecting and validating research output data," said Mary Davies, Deputy Director of Information Services and Systems at King's College London. "We are delighted to be hosting this conference, and hope that it will be the first of a series of events providing a forum to discuss best practice in this area."
Attendees will also participate in a survey to determine the key issues they confront and their experiences to date with research evaluation. The results will be presented in the afternoon for candid discussion and planning for future activities in the era of the REF.
For more information or to register for the conference, visit http://scientific.thomson.com/kcl/
Formerly Thomson Scientific, the Scientific business of Thomson Reuters provides information and knowledge to accelerate research, discovery and innovation. Our authoritative, accurate and timely information is essential for drug companies to discover new drugs and get them to market faster; researchers to find relevant papers and know what's newly published in their subject; and businesses to optimize their intellectual property and find competitive intelligence. We create the research platforms and services of the future that will power our customers toward business and personal success. Scientific information solutions can be found at scientific.thomsonreuters.com.
About King's College London
King's College London is one of the top 25 universities in the world (Times Higher 2007) and the fourth oldest in England. A research-led university based in the heart of London, King's has 19,700 students from more than 140 countries, and 5,400 employees. King's has an outstanding reputation for providing world-class teaching and cutting-edge research. The College is in the top group of UK universities for research earnings and has an annual income of approximately pounds Sterling 400 million. An investment of pounds 500 million has been made in the redevelopment of its estate.
King's has a particularly distinguished reputation in the humanities, law, social sciences, the health sciences, natural sciences and engineering, and has played a major role in many of the advances that have shaped modern life, such as the discovery of the structure of DNA. It is the largest centre for the education of healthcare professionals in Europe and is home to five Medical Research Council Centres - more than any other university.
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange ; Toronto Stock Exchange (TSX: TRI); London Stock Exchange ; and Nasdaq . For more information, go to http://www.thomsonreuters.com/.
Thomson Reuters
CONTACT: Sue Besaw, PR & Communications Manager, Scientific, +1-215-823-1840, susan.besaw@thomsonreuters.com
Web site: http://scientific.thomsonreuters.com/ http://www.thomsonreuters.com/
The Scientific Business of Thomson Reuters and King's College London Host Conference on Bibliometrics, League Tables and the Research Excellence Framework
PHILADELPHIA and LONDON, April 23 /PRNewswire/ --
- Timely Event Focuses On Increasing Importance of Bibliometric Data in
the University Ranking Systems and Proposed Use of Citation Data for the REF
The Scientific business of Thomson Reuters and King's College London
today announced they will be hosting Beyond the RAE 2008: Bibliometrics,
League Tables and the REF. To be held at King's College London on April 30,
2008, this one-day event will help inform universities about appropriate uses
of citation data in research evaluation and provide a forum to discuss and
plan for future evaluative activities around the upcoming Research Excellence
Framework (REF), the successor to the Research Assessment Exercise (RAE).
The conference, developed primarily for those preparing their
institutions for the REF, will feature speakers from the Higher Education
Funding Council (HEFC), The Center for Science and Technology Studies (CWTS),
Evidence, Ltd. and Thomson Reuters, with an external perspective provided by
the Australian Research Evaluation and Policy Project. The speakers will
describe best practices in citation analysis and discuss strategies to assist
universities in the data collection and evaluation process. In addition, case
studies from King's College London, the University of Leicester, and the
University of Southampton will describe these institutions' experiences in
collecting and managing research output metadata.
"This timely meeting will tackle the increasing importance of
bibliometric data in the university ranking systems," said Jim Pringle, vice
president of product development for the Scientific business at Thomson
Reuters. "With the expertise of King's College London, we are bringing
together the top minds in the industry to discuss the appropriate uses of
citation data in research evaluation."
"With the advent of the REF, the UK university sector faces the challenge
of bibliometrics in addition to the perennial problems of collecting and
validating research output data," said Mary Davies, Deputy Director of
Information Services and Systems at King's College London. "We are delighted
to be hosting this conference, and hope that it will be the first of a series
of events providing a forum to discuss best practice in this area."
Attendees will also participate in a survey to determine the key issues
they confront and their experiences to date with research evaluation. The
results will be presented in the afternoon for candid discussion and planning
for future activities in the era of the REF.
For more information or to register for the conference, visit
http://scientific.thomson.com/kcl/
Formerly Thomson Scientific, the Scientific business of Thomson Reuters
provides information and knowledge to accelerate research, discovery and
innovation. Our authoritative, accurate and timely information is essential
for drug companies to discover new drugs and get them to market faster;
researchers to find relevant papers and know what's newly published in their
subject; and businesses to optimize their intellectual property and find
competitive intelligence. We create the research platforms and services of
the future that will power our customers toward business and personal
success. Scientific information solutions can be found at
scientific.thomsonreuters.com.
About King's College London
King's College London is one of the top 25 universities in the world
(Times Higher 2007) and the fourth oldest in England. A research-led
university based in the heart of London, King's has 19,700 students from more
than 140 countries, and 5,400 employees. King's has an outstanding reputation
for providing world-class teaching and cutting-edge research. The College is
in the top group of UK universities for research earnings and has an annual
income of approximately pounds Sterling 400 million. An investment of pounds
500 million has been made in the redevelopment of its estate.
King's has a particularly distinguished reputation in the humanities,
law, social sciences, the health sciences, natural sciences and engineering,
and has played a major role in many of the advances that have shaped modern
life, such as the discovery of the structure of DNA. It is the largest centre
for the education of healthcare professionals in Europe and is home to five
Medical Research Council Centres - more than any other university.
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information
for businesses and professionals. We combine industry expertise with
innovative technology to deliver critical information to leading decision
makers in the financial, legal, tax and accounting, scientific, healthcare
and media markets, powered by the world's most trusted news organization.
With headquarters in New York and major operations in London and Eagan,
Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries.
Thomson Reuters shares are listed on the New York Stock Exchange (NYSE: TRI);
Toronto Stock Exchange (TSX: TRI); London Stock Exchange (LSE: TRIL); and
Nasdaq (Nasdaq: TRIN). For more information, go to www.thomsonreuters.com.
Web site: http://scientific.thomsonreuters.com
http://www.thomsonreuters.com
Thomson Reuters
Sue Besaw, PR & Communications Manager, Scientific, +1-215-823-1840, susan.besaw@thomsonreuters.com
Mercury Computer Systems Signs Exclusive Licensing Agreement with Honeywell for Mercury's VistaNav 3D Synthetic Vision Product Line
CHELMSFORD, Mass., April 22 /PRNewswire-FirstCall/ -- Mercury Computer Systems, Inc. a leading provider of high-performance computing solutions for HPC and embedded computing markets, announced it has licensed exclusively to the Aerospace division of Honeywell International, Inc. its VistaNav(R) Synthetic Vision IP (intellectual property) developed by its Avionics & Unmanned Systems Group (AUSG).
Mercury has exclusively licensed and will transition the VistaNav product line to Honeywell, a worldwide technology and manufacturing leader of aerospace products and services and control technologies. Honeywell will assume sales and support of the VistaNav CIS (Cockpit Information System) situational awareness products.
"Over the past three years, the AUSG team has developed a series of innovative products based on the award-winning VistaNav 3D Synthetic Vision system. While this exciting technology has garnered significant attention in the general aviation space, it is critical that we narrow our overall market focus and vigorously prioritize our R&D efforts, to improve the Company's performance and returns for our shareholders," said Mark Aslett, President and Chief Executive Officer of Mercury Computer Systems, Inc. "We're pleased to transition the VistaNav product line to Honeywell, which can provide a favorable environment to foster future growth."
"Our agreement with Honeywell enables Mercury to capture value for this IP, which was developed by the very talented and dedicated AUSG employees," Mr. Aslett added. "I want to express my gratitude to them for their contributions and support."
Product sales and sales support transition will be completed by April 30.
Mercury Computer Systems, Inc. -- Where Challenges Drive Innovation
Mercury Computer Systems (http://www.mc.com/) provides specialized, high-performance computing systems and software designed for complex HPC and embedded applications in a range of industries that include aerospace and defense, telecommunications, medical imaging, semiconductor, EDA, and more.
Our products blend unmatched expertise in algorithm optimization and silicon design with software application knowledge and industry-standard technologies. Mercury's comprehensive, purpose-built solutions capture, process, and present data for the world's largest medical imaging companies, 8 of the 10 top defense prime contractors, and other leading Fortune 500 and mid-market companies in semiconductor, energy, telecommunications, and other industries. Our dedication to performance excellence and collaborative innovation continues a 25-year history in enabling customers to gain the competitive advantage they need to stay at the forefront of the markets they serve.
Mercury is based in Chelmsford, Massachusetts, and serves customers worldwide through a broad network of direct sales offices, subsidiaries, and distributors. We are listed on the Nasdaq Global Select Market .
Forward-Looking Safe Harbor Statement
This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the definitive license agreement with Honeywell for the VistaNav 3D Synthetic Vision IP. You can identify these statements by our use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, general economic and business conditions, including unforeseen weakness in the Company's markets, effects of continued geo-political unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, continued funding of defense programs, the timing of such funding, changes in the U.S. Government's interpretation of federal procurement rules and regulations, market acceptance of the Company's products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, and difficulties in retaining key customers. These risks and uncertainties also include such additional risk factors as are discussed in the Company's recent filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2007. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.
VistaNav is a registered trademark of Mercury Computer Systems, Inc. Product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.
Contact:
Robert Hult, Executive Vice President and CFO
Mercury Computer Systems, Inc.
978-967-1990 / rhult@mc.com
Photo: http://www.newscom.com/cgi-bin/prnh/20030930/MERCURYCSLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Mercury Computer Systems, Inc.
CONTACT: Robert Hult, Executive Vice President and CFO of Mercury Computer Systems, Inc., +1-978-967-1990, rhult@mc.com
Web site: http://www.mc.com/
Broadcom Expands Networking Portfolio With Turnkey Solution for Enterprise Wireless Access PointsLeading Wi-Fi(R) Chipmaker Drives Enterprise WLAN Adoption with an End-to-End Solution for Businesses Deploying 802.11n Networks
IRVINE, Calif., April 22 /PRNewswire-FirstCall/ -- Broadcom Corporation , a global leader in semiconductors for wired and wireless communications, today expanded its network switching portfolio with an end-to-end solution for businesses deploying 802.11n Wi-Fi(R) networks. The new solution combines Broadcom's industry leading Intensi-fi(R) silicon with its proven FASTPATH(R) networking software, which extends the business-critical features from the company's popular StrataXGS(R) enterprise switches. As a result, enterprise Wi-Fi access points can deliver superior performance and scalability across a customer's entire network. This integrated platform provides significant cost and time-to-market advantages for manufacturers compared to other silicon solutions that do not include the software features that IT managers require.
"Broadcom is building on the great success we have achieved with consumer 802.11n solutions to serve the untapped enterprise wireless market," said Michael Hurlston, Vice President and General Manager of Broadcom's Wireless LAN line of business. "By marrying the industry's leading WLAN solutions with proven switch hardware and software, Broadcom is well-positioned to pursue the $2.3 billion enterprise wireless market with an end-to-end solution."(i)
Announced today are the Broadcom(R) BCM4342 single-chip 802.11n solution and BCM954342EAP enterprise access point reference design. The new solutions leverage FASTPATH Unified Access Point software to deliver the features that IT managers require across their wireless networks including robust security, quality of service (QoS), dynamic channel planning, and support for multiple basic service set identifiers (BSSIDs). The flexible design can be used for standalone access points, as well as for "thin" access points that are managed by a wireless switch or controller running Broadcom's FASTPATH Unified Wireless Switching software. This end-to-end platform provides centralized RF management, seamless mobility and wireless threat detection and prevention across the entire network. FASTPATH UAP eliminates the need for third-party software or in-house development, which can shave months off a manufacturer's development time.
"Mobility in the corporate work environment is a necessity and today's mobile workforce has come to expect wireless connectivity anywhere and at any time," said Martin Lund, Vice President and General Manager of Broadcom's Network Switching line of business. "Enterprise customers demand more reliable, secure and manageable networks than what's needed in the consumer market. Given Broadcom's switching and WLAN expertise, combined with our networking software, our platform can meet these demands and unleash the power of 802.11n in business networks."
Solving PoE Issues to Drive Enterprise Adoption of 802.11n
Broadcom's BCM4342 Wi-Fi solution is also the first to successfully address power consumption issues that have slowed business adoption of 802.11n to date. Although dual-band 802.11n access points offer greater bandwidth and capacity than previous products, simultaneous operation of both radios has traditionally exceeded the power limits of the Power over Ethernet (PoE) equipment used in nearly all large networks. This forced IT managers to use two PoE ports for each access point, or upgrade their entire network to support the new PoE+ standard (IEEE 802.3at).
Using 65nm CMOS process technology, Broadcom's single-chip BCM4342 Wi-Fi solution consumes half the power of competing 802.11n chipsets, allowing access points to operate simultaneously on the 2.4 GHz and 5 GHz frequency bands while being powered by a company's existing PoE infrastructure. This can reduce the cost of deploying or upgrading enterprise networks to support advanced wireless applications such as high definition (HD) video surveillance, voice over Internet Protocol (VoIP) and video conferencing.
In addition to reducing implementation costs, access points based on the BCM4342 will bring significant performance benefits to corporate Wi-Fi users. Broadcom's unique architecture delivers data rates of 300 Megabits per second (Mbps) and maintains wireless connections over a larger coverage area than other 802.11n solutions. Intensi-fi solutions also offer the greatest wireless capacity -- with three non-overlapping channels in the 2.4 GHz band and 24 non-overlapping channels in the 5 GHz band. This is especially important in enterprise networks, where IT managers rely on dual-band infrastructure to serve a large number of Wi-Fi users and accommodate latency-sensitive applications.
Technical Information
The BCM4342 is a complete system-on-a-chip (SoC) solution that accelerates time-to-market and reduces development costs for a variety of 802.11n access points. It combines an 802.11 medium access controller (MAC), a baseband processor, 2.4 GHz and 5 GHz radios and other WLAN components onto a single silicon die. This high level of integration reduces the number of components required for a WLAN subsystem by two-thirds, which significantly reduces the footprint and lowers a manufacturer's bill of materials (BOM) cost. Broadcom is the only wireless LAN chipmaker delivering 65nm products, which provides distinct power, size and cost advantages over 90nm and 130nm solutions.
Availability and Pricing
The BCM4342 Wi-Fi solution and BCM954342EAP enterprise access point reference design are now sampling to early access customers, with production quantities expected to ship in the second quarter of 2008. Pricing is available upon request.
About Broadcom
Broadcom Corporation is a major technology innovator and global leader in semiconductors for wired and wireless communications. Broadcom(R) products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. We provide the industry's broadest portfolio of state-of-the-art system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. These solutions support our core mission: Connecting everything(R).
Broadcom is one of the world's largest fabless semiconductor companies, with 2007 revenue of $3.78 billion, and holds over 2,600 U.S. and 1,200 foreign patents, more than 7,450 additional pending patent applications, and one of the broadest intellectual property portfolios addressing both wired and wireless transmission of voice, video, data and multimedia.
Broadcom is headquartered in Irvine, Calif., and has offices and research facilities in North America, Asia and Europe. Broadcom may be contacted at +1.949.926.5000 or at http://www.broadcom.com/.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.
Important factors that may cause such a difference for Broadcom in connection with BCM4342 Wi-Fi products include, but are not limited to, general economic and political conditions and specific conditions in the markets we address, including the volatility in the technology sector and semiconductor industry, trends in the broadband communications markets in various geographic regions, including seasonality in sales of consumer products into which our products are incorporated, and possible disruption in commercial activities related to terrorist activity or armed conflict in the United States and other locations; the rate at which our present and future customers and end-users adopt Broadcom's technologies and products in the markets for wireless LAN applications; delays in the adoption and acceptance of industry standards in those markets; the timing, rescheduling or cancellation of significant customer orders and our ability, as well as the ability of our customers, to manage inventory; the gain or loss of a key customer, design win or order; our ability to scale our operations in response to changes in demand for our existing products and services or demand for new products requested by our customers; our ability to specify, develop or acquire, complete, introduce, market and transition to volume production new products and technologies in a cost- effective and timely manner; intellectual property disputes and customer indemnification claims and other types of litigation risk; our ability to retain, recruit and hire key executives, technical personnel and other employees in the positions and numbers, with the experience and capabilities, and at the compensation levels needed to implement our business and product plans the quality of our products and any remediation costs; changes in our product or customer mix; the volume of our product sales and pricing concessions on volume sales; the effectiveness of our expense and product cost control and reduction efforts; our ability to timely and accurately predict market requirements and evolving industry standards and to identify opportunities in new markets; problems or delays that we may face in shifting our products to smaller geometry process technologies and in achieving higher levels of design integration; the risks and uncertainties associated with our international operations; competitive pressures and other factors such as the qualification, availability and pricing of competing products and technologies and the resulting effects on sales and pricing of our products; the timing of customer-industry qualification and certification of our products and the risks of non-qualification or non-certification; the availability and pricing of third party semiconductor foundry, assembly and test capacity and raw materials; fluctuations in the manufacturing yields of our third party semiconductor foundries and other problems or delays in the fabrication, assembly, testing or delivery of our products; the risks of producing products with new suppliers and at new fabrication and assembly facilities; the effects of natural disasters, public health emergencies, international conflicts and other events beyond our control; the level of orders received that can be shipped in a fiscal quarter; and other factors.
Our Annual Report on Form 10-K, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release speak only as of this date. We undertake no obligation to revise or update publicly any forward-looking statement for any reason.
Broadcom(R), the pulse logo, Connecting everything(R), the Connecting everything logo, FASTPATH(R), StrataXGS(R) and Intensi-fi(R) are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Wi-Fi(R) is a trademark of the Wi-Fi Alliance. Any other trademarks or trade names mentioned are the property of their respective owners.
(i) Dell'Oro Group Wireless LAN 5-year Forecast Report (January 2008)
Broadcom Trade Press Contact
Jeremy Hyatt
Senior Manager, Corporate Communications
949-926-5971
jhyatt@broadcom.com
Broadcom Investor Relations Contact
T. Peter Andrew
Vice President, Corporate Communications
949-926-5663
andrewtp@broadcom.com
Photo: http://www.newscom.com/cgi-bin/prnh/20060609/BROADCOMLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Broadcom Corporation; BRCM Mobile & Wireless
CONTACT: Jeremy Hyatt, Senior Manager, Corporate Communications, Broadcom Trade Press, +1-949-926-5971, jhyatt@broadcom.com, or T. Peter Andrew Vice President, Corporate Communications, Broadcom Investor Relations, +1-949-926-5663, andrewtp@broadcom.com, both of Broadcom Corporation
Web site: http://www.broadcom.com/
Federal Signal Declares Quarterly Cash Dividend
OAK BROOK, Ill., April 22 /PRNewswire-FirstCall/ -- The Board of Directors of Federal Signal Corporation today declared the regular first quarter cash dividend of six cents on its common stock. The dividend is payable July 7, 2008 to holders of record at the close of business on June 13, 2008. This represents the 241st consecutive quarterly cash dividend paid by the company to holders of common stock.
About Federal Signal
Federal Signal Corporation is a leader in advancing security and well-being for communities and workplaces around the world. The Company designs and manufactures a suite of products and integrated solutions for municipal, governmental, industrial and airport customers. Federal Signal's portfolio of trusted, high-priority products include Bronto aerial devices, Elgin and Ravo street sweepers, E-ONE fire apparatus, Federal Signal safety and security systems, Guzzler industrial vacuums, Jetstream waterblasters and Vactor sewer cleaners. Federal Signal was founded in 1901 and is based in Oak Brook, Illinois. http://www.federalsignal.com/.
Federal Signal Corporation
CONTACT: David Janek of Federal Signal Corporation, +1-630-954-2000, djanek@federalsignal.com
Web site: http://www.federalsignal.com/
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