Sirit Reports First Quarter 2008 Results
Compuware Corporation to Announce Fourth Quarter and Fiscal Year 2008 Results on May 15, 2008
DETROIT, May 13 /PRNewswire-FirstCall/ -- Compuware Corporation today announced that it will report final results for its fourth quarter and fiscal year -- ended March 31, 2008 -- after market-close on May 15, 2008. The company will also hold a conference call to discuss these results at 5:00 p.m. Eastern time (21:00 GMT) on May 15.
To join the conference call, interested parties from the United States should call 800-230-1074. For international access, the conference call number is +1-612-332-0107. No password is required.
A conference call replay will also be available. The United States replay number will be 800-475-6701, and the international replay number will be +1-320-365-3844. The replay passcode will be 906724. Additionally, investors can listen to the conference call via webcast by visiting the Compuware Corporation Investor Relations web site at http://www.compuware.com/.
Compuware Corporation
Compuware Corporation maximizes the value IT brings to the business by helping CIOs more effectively manage the business of IT. Compuware solutions accelerate the development, improve the quality and enhance the performance of critical business systems while enabling CIOs to align and govern the entire IT portfolio, increasing efficiency, cost control and employee productivity throughout the IT organization. Founded in 1973, Compuware serves the world's leading IT organizations, including more than 90 percent of the Fortune 100 companies. Learn more about Compuware at http://www.compuware.com/.
Press Contact
Lisa Elkin, Vice President, Compuware Communications and Investor Relations, lisa.elkin@compuware.com, 313-227-7345
For Sales and Marketing Information
Compuware Corporation, One Campus Martius, Detroit, MI 48226, 800-521-9353, http://www.compuware.com/
Compuware Corporation
CONTACT: Media, Lisa Elkin, Vice President, Compuware Communications and
Investor Relations, +1-313-227-7345, lisa.elkin@compuware.com; Sales and
Marketing, +1-800-521-9353
Web site: http://www.compuware.com/
Company News On-Call: http://www.prnewswire.com/comp/112310.html
New Microsoft LifeCam Bends Over Backward for YouLifeCam VX-5000, LifeCam VX-500 and LifeChat LX-2000 deliver fun features and great performance at affordable prices.
REDMOND, Wash., May 13 /PRNewswire-FirstCall/ -- Today, Microsoft Corp. reshapes the webcam experience with the LifeCam VX-5000, a webcam with a unique bendable attachment base that molds to virtually any surface -- from a notebook to a desktop -- so users can take it anywhere.
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For personalized flair, the LifeCam VX-5000 features a brightly colored ring around the front of the webcam in the colors Cool Blue, Lucky Green and Fire Red, allowing consumers to choose their favorite to suit their style. To complement the fresh, new look, the LifeCam VX-5000 features MSN Photo Swap,(1) a special feature that lets consumers share digital photos in midvideo conversation and see real-time reactions as both callers view the pictures. The new webcam arrives just in time to help share summer vacation memories and keep consumers connected throughout the year.
"With the LifeCam VX-5000 we are changing the perception of webcams from boring and bulky to fun and flexible," said Michael Cowan, product marketing manager for the Hardware Division at Microsoft. "We designed this LifeCam to match the experience its technology delivers -- it's all about fun and letting consumers share their personalities."
Microsoft is also offering the LifeCam VX-500 and the LifeChat LX-2000 -- two affordable products, each with a unique, compact design. The LifeCam VX-500 is a versatile webcam designed to fit on notebooks and desktop PCs. The LifeChat LX-2000 is a full-size headset that folds down into a small, portable shape. Both are perfect products for consumers on the go.
Photo Swap: A Feature You'll Flip Over
Digital camera owners have on average more than 1,200 photos stored on their computer,(2) and Photo Swap helps bring the pictures to life as a virtual photo album. Using Windows Live Messenger, consumers easily can share pictures from summer vacations or holiday gatherings. The best part is with Photo Swap they can see and hear the reaction of their friends and family -- whether across town or across the country -- and feel like they are sitting right next to each other.
See, Hear, Share -- Easy as 1, 2, 3
The VX-5000 comes with Windows Live optimizations and the latest version of LifeCam software, making it easier than ever for users to experience a great video call. Key features and benefits include the following:
-- Windows Live Call Button, located on top of the LifeCam, allows users
to open their Contact Picker (a tool showing which contacts are
currently online) with one touch, so they can quickly initiate video
calls to friends and family.(1)
-- LifeCam Dashboard incorporates full LifeCam navigational controls (pan,
tilt, zoom, face tracking and Video Effects) within the Windows Live
Messenger interface, enabling a seamless and easy navigating
experience.(1)
-- World-class VGA optics with a VGA sensor, 640x480 video resolution and
1.3-megapixel still photography (interpolated) offer high picture
quality.
-- Built-in unidirectional microphone with acoustic noise cancellation
delivers crystal-clear audio.
-- Pan, tilt and 3X digital zoom features allow users to adjust the image
to see more clearly.
LifeCam VX-500 and LifeChat LX-2000
Microsoft continues to bring friends and family together with the additional announcement of two affordable products made to enhance the computing experience: the LifeCam VX-500 and LifeChat LX-2000. With true VGA video, the LifeCam VX-500 enhances the webcam experience with brilliant video quality, and its compact design allows for easy mobility -- working seamlessly with both notebooks and desktop PCs.
The LifeChat LX-2000 delivers supreme comfort as a portable, full-size headset that is perfect for music, gaming, online chatting and more. The unique collapsible design allows the headset to fold into a compact shape for easy portability -- just throw it into the carrying case and go. Both the LifeCam VX-500 and the LifeChat LX-2000 can be easily used with major instant messaging programs, and the setup is quicker than ever, with no software needed.
Pricing and Availability
The LifeCam VX-5000 will be widely available in June 2008 for an estimated retail price of $49.95 (U.S.).(3) The LifeCam VX-500 and LifeChat LX-2000 will be available in May 2008 for the following estimated retail prices:(3)
-- Microsoft LifeCam VX-500, $16.95 (U.S.)
-- Microsoft LifeChat LX-2000, $29.95 (U.S.)
The LifeCam VX-5000 and LifeChat LX-2000 are available for pre-sale on Amazon.com, and all three products will be backed worldwide by a three-year limited hardware warranty from Microsoft.
About MSN and Windows Live
MSN attracts more than 465 million unique users worldwide per month. With localized versions available globally in 42 markets and 21 languages, MSN is a world leader in delivering compelling programmed content experiences to consumers and online advertising opportunities to businesses worldwide. Windows Live, a set of personal Internet services and software, is designed to bring together in one place all the relationships, information and interests people care about most, with enhanced safety and security features across their PC, devices and the Web. MSN and Windows Live are offered alongside each other as complementary services. Some Windows Live services entered an early beta phase on Nov. 1, 2005; these and future beta updates can be found at http://ideas.live.com/. Windows Live is available at http://www.live.com/. MSN is located on the Web at http://www.msn.com/. MSN worldwide sites are located at http://www.msn.com/worldwide.ashx.
About Microsoft Hardware
For 25 years, the Hardware Group has employed innovative engineering, cutting-edge industrial design and extensive usability testing to create products of exceptional quality and durability that enhance the software experience and strengthen the connection between consumers and their PC. Microsoft Hardware leads the industry in ergonomic engineering, industrial design and hardware/software compatibility, offering consumers an easier, more convenient and more enjoyable computing experience. Microsoft IntelliMouse Explorer, which launched in 1999, earned a place on PCWorld.com's December 2005 list of "The 50 Greatest Gadgets of the Past 50 Years" as the first mainstream optical mouse that "brought gunk-free pointing devices" to a broad consumer base. More information about the Hardware Group is available at http://www.microsoft.com/hardware.
About Microsoft
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
(1) These features are available only through Windows Live Messenger.
(2) Parks Associates, Digital Cameras and Imaging: Analysis and Forecasts
1Q 2006.
(3) Actual retail prices may vary.
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Microsoft Corp.
CONTACT: Kerry Rickert, kerry.rickert@edelman.com or Brittany Turner,
brittany.turner@edelman.com, both of Edelman, +1-206-223-1606, for Microsoft
Corp.
Web site: http://www.microsoft.com/
Microsoft Releases Insurance Value Chain 'Factory' for ACORD StandardsNew IVC Software Factory helps insurance companies integrate applications and Web services in both property and casualty and life and annuity businesses via ACORD industry standards.
LAS VEGAS, May 13 /PRNewswire-FirstCall/ -- Helping insurance companies jump-start development projects for line-of-business software applications that use common ACORD standards, Microsoft Corp. today released the Microsoft Insurance Value Chain (IVC) Software Factory for ACORD Standards at ACORD LOMA Insurance Systems Forum 2008.
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The IVC Software Factory for ACORD Standards is a set of development tools and assets that use the Microsoft .NET Framework to aid insurance firms and software vendors in the integration of existing applications and business logic with ACORD Web services. Targeting the property and casualty and life and annuity businesses, the IVC Software Factory is an extension of Microsoft's broader IVC Architecture Framework, released in 2006.
Hosted on CodePlex, Microsoft's open source development portal (http://www.codeplex.com/), and available free to the insurance community, the IVC Software Factory includes ready-to-run Microsoft Visual Studio development projects, samples, white papers and a next-generation Microsoft Silverlight 2 reference user interface -- all of which can be consumed and implemented within insurance environments today.
"While successful, the IVC Architecture Framework did not originally have a specific development asset to help with integration scenarios between ACORD Web services standards and the Microsoft .NET Framework," said Colin Cole, U.S. insurance industry technology strategist at Microsoft. "The Insurance Value Chain Software Factory for ACORD builds on Microsoft's long-standing IVC program by providing the resources for firms and developers to successfully integrate new, enhanced Web services into existing applications, ultimately reducing development costs and ensuring interoperability with existing systems."
The development schemas, white papers and other resources within the IVC Software Factory for ACORD Standards address the insurance industry's changing demands by showcasing techniques for enhancing existing applications with Web services and supporting an enterprise service-oriented architecture (SOA) strategy. The Silverlight 2 reference user interface included in the IVC Software Factory helps insurance developers create next-generation Web experiences for customers, including advanced video streaming, high-resolution graphics and more.
"ACORD standards strive to unify siloed systems and fragmented business requirements by empowering the insurance industry with common business capabilities, processes and vocabulary," said John Kellington, senior vice president, ACORD. "Web services are vital for insurance companies seeking to expand current IT systems with new, enhanced offerings, and we appreciate the efforts of innovative partners like Microsoft to provide insurance companies with a road map for integrating these emerging technologies with existing infrastructure through ACORD standards."
More information on Microsoft's IVC Software Factory for ACORD Standards is available through the CodePlex portal at http://www.codeplex.com/IVC.
About the Microsoft Insurance Value Chain Program
Microsoft's IVC program is a growing ecosystem of insurance partners that address key solution areas across the industry -- from point-of-sale and service to policy administration and claims processing -- by utilizing Microsoft's core strengths in front- and back-office technologies. The IVC program has grown from a handful of insurance application partners to more than 70 insurance solution and service providers, with the common goal of providing innovative, straight-through processing for insurance on the Microsoft platform using Web services, Extensible Markup Language (XML) and industry-specific standards.
More information about Microsoft's IVC partners can be found at http://www.microsoft.com/industry/financialservices/insurance/ivcpartners.mspx
About Microsoft in Financial Services
Microsoft's Financial Services Group provides software that helps financial firms transform the customer, employee and operations experience so they can maximize opportunities for increased market share and profitability. Microsoft software helps empower people and IT staff within financial firms -- and across key focus areas such as advisor platforms, channel renewal, insurance value chain, enterprise risk management and compliance, and payments. Through a combination of Microsoft- and partner-provided solutions, customers enable their employees to turn data into insight, transform ideas into action and turn change into opportunity. More information about Microsoft's Financial Services Group can be found at http://www.microsoft.com/financialservices.
About Microsoft
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
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Microsoft Corp.
CONTACT: Matt Pennacchio of Ruder Finn, +1-212-715-1613,
pennacchiom@ruderfinn.com, for Microsoft Corp.; or Ted Ladd of Microsoft
Corp., +1-646-225-4722, tedladd@microsoft.com
Web site: http://www.microsoft.com/
http://www.codeplex.com/
Technology Plays Critical Role for Insurance Firms Seeking to Recruit and Market to Millennials, Reports New Insurity-Microsoft SurveyGraying industry faces 'brain drain' as nearly 60 percent of employees are now over age 45.
LAS VEGAS, May 13 /PRNewswire-FirstCall/ -- As the estimated 80 million people nationwide born between 1981 and 2000(1) enter the work force and become active consumers, technology will play a critical role for insurance firms recruiting those in the so-called "millennial generation" as potential employees and customers, according to a new survey released today by Insurity and Microsoft Corp. at the ACORD LOMA Insurance Systems Forum 2008.
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The Insurity-Microsoft "Millennials in Insurance Survey 2008," conducted by Washington, D.C.-based KRC Research, found that not only do millennials want to use newer, more innovative technologies in the workplace -- such as company portals similar to social networking sites, instant messaging and virtual meetings -- they also have heightened expectations as to how insurance companies should interact with them as consumers, such as the ability to view their full accounts online, access Web-based support and send instant messages directly to agents.
"This is an industry still struggling with 'green screens' on desks, legacy mainframes in the back office and an employee population rapidly approaching retirement age," said Bill Hartnett, director of U.S. Insurance Industry Solutions at Microsoft. "Insurance companies face serious challenges in attracting millennials into their work forces and interacting with them as consumers. We believe technology can play a constructive role in addressing these issues."
Millennials as Insurance Workers
As expected, millennials queried in the Insurity-Microsoft "Millennials in Insurance Survey 2008" reported using a wide variety of technology tools in their day-to-day lives, including social networking sites (77 percent), instant messaging (71 percent) and wikis (59 percent). Half subscribed to more than one social networking site, 64 percent frequented them daily and 17 percent reported spending 30 minutes to an hour each visit.
"Millennials have been marinated in digital technology almost since birth," said Rob Salkowitz, workplace expert and author of "Generation Blend." "When they come to work, their expectations are shaped by their experiences as students and consumers, and access to social computing technology is a big part of that. Employers should factor in those expectations when trying to recruit, retain and motivate young workers."
Because of this proclivity to use technology in their personal lives, millennials surveyed had expectations of their employers providing similar technologies for their use in the workplace. These included company-provided PCs (76 percent), mobile phones or smartphones (48 percent), internal company instant messaging (50 percent), access to social networking sites (40 percent), company intranet or portal (62 percent), and company-provided virtual meetings (42 percent).
More important, technology appears to be a recruitment driver for the insurance industry, which faces a shortage of new workers; 60 percent of its current employees are older than age 45.(1) In fact, 91 percent of millennials stated that being able to work with "newer, innovative technologies" in the workplace would make them more likely to consider a potential job opportunity. Other drivers included the ability to telecommute or work from home (77 percent); flexible work schedules and locations (91 percent); and opportunities to work on collaborative team projects (72 percent).
However, a clear hurdle for recruiting younger workers into the insurance industry is the perception of the industry itself among millennials, the survey found. Seventy-one percent of millennials want to "work with people their own age," yet large percentages of respondents stated that they perceive the industry as having "older workers" (58 percent), being "old in general" (63 percent), being "not innovative" (53 percent) and having a "poor public image" (65 percent).
"Insurers already face a shortage of qualified staff, and the gap that retiring baby boomers will create could be crippling," said Karen Pauli, senior analyst covering the insurance industry at TowerGroup. "As part of a comprehensive strategy to leverage technology for competitive advantage, carriers and agents need to adopt collaboration and business intelligence technologies today that will multiply the impact that their existing staff can have. They also need to look toward the consumer experience and adopt technologies that will attract and be familiar to the newer generation of workers and customers, such as social networking sites, instant messaging and mobility."
Millennials as Customers
While the insurance industry faces a challenge recruiting millennials to replace retirees, a bigger issue might be recruiting them as customers. Of those queried in the Insurity-Microsoft "Millennials in Insurance Survey 2008," many currently own car insurance (55 percent) and health insurance (41 percent). However, as more millennials enter the work force and purchase other insurance offerings, companies will need to adjust to better communicate and connect with younger consumers.
The majority of millennials currently interact with their insurance companies via phone or call centers (55 percent) versus the Web (8 percent). However, when asked about their preferred methods of interaction, millennials are less likely to choose phone or call centers (35 percent, down 20 percentage points) and more likely to gravitate toward the Web (13 percent, up 5 percentage points). In fact, when asked what technologies companies should adopt to better serve customers, a large percentage of millennials ranked the following as "important":
-- Personal Web portals with full view of their accounts (86 percent)
-- Web-based support (89 percent)
-- Automated phone responses (69 percent)
-- Live online chats with agents (76 percent)
-- Instant messaging with agents (67 percent)
-- Company blog to post concerns and questions (69 percent)
-- Mobile alerts (59 percent)
Another consideration for insurance companies centers on brand reputation and customer feedback in chat rooms. A combined 48 percent of millennials would "frequently" or "occasionally" blog in chat rooms or social networking sites if they encountered a poor customer experience with their carriers.
"In our experience delivering solutions to the insurance industry, we're seeing carriers starting to put consumers at the center of their experience, using technology and tools to provide more transparency, control and functionality in their products and associated processes," said Bill Dochterman, vice president, marketing at Hartford, Conn.-based Insurity, a ChoicePoint Asset Company. "This is in part driven by overall market dynamics, but also very much a reflection of this new wave of millennial workers and consumers."
About the Insurity-Microsoft "Millennials in Insurance Survey 2008"
Washington, D.C.-based KRC Research conducted the Insurity-Microsoft "Millennials in Insurance Survey 2008" from April 21 to 27, and garnered responses from more than 700 young adults in the United States and Canada born between 1980 and 1990. To download the full survey results and a white paper with more information on how technology and other key market trends will impact the insurance workplace of the future, readers can visit http://www.microsoft.com/industry/financialservices/insurance/acord.mspx.
About Microsoft in Financial Services
Microsoft's Financial Services Group provides software that helps financial firms transform the customer, employee and operations experience so they can maximize opportunities for increased market share and profitability. Microsoft software helps empower people and IT staff within financial firms -- and across key focus areas such as advisor platforms, channel renewal, insurance value chain, enterprise risk management and compliance, and payments. Through a combination of Microsoft- and partner-provided solutions, customers enable their employees to turn data into insight, transform ideas into action and turn change into opportunity. More information about Microsoft's Financial Services Group can be found at http://www.microsoft.com/financialservices.
About Microsoft
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
(1) Source: U.S. Bureau of Labor Statistics
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Microsoft Corp.
CONTACT: Matt Pennacchio of Ruder Finn, +1-212-715-1613,
pennacchiom@ruderfinn.com, for Microsoft Corp.; or Ted Ladd of Microsoft
Corp., +1-646-225-4722, tedladd@microsoft.com
Web site: http://www.microsoft.com/
California Micro Devices Develops New Display Controller Architecture That Supports Both MDDI and MIPI Based Serial Interface Standards
MILPITAS, California, May 13 /PRNewswire/ --
California Micro Devices (Nasdaq: CAMD) announced that the Company has
developed an innovative display controller architecture that serves both the
Mobile Display Digital Interface (MDDI) and Mobile Industry Processor
Interface (MIPI) standards for high speed serial display interfaces for use
in today's most advanced mobile handsets. The unique architecture, developed
in collaboration with major handset and device manufacturers, will permit
advanced handsets that utilize CPUs and application processors with on-chip
MDDI compatible hosts to interface with liquid crystal display (LCD) modules
that feature either MDDI or MIPI based clients.
The existence of the two standards for high speed serial display
interfaces has compelled handset makers to procure different LCD modules
which are based on the serial interface standard supported by their selection
of CPU architecture. With the development of products based on the new
MDDI-to-MIPI bridge architecture, handset makers utilizing a CPU with an MDDI
based host will have the flexibility to procure either a display module with
an MDDI based client or a MIPI based client. This will allow handset makers
that produce models utilizing both MDDI and MIPI based CPUs to satisfy all of
their display requirements with modules based on the MIPI standard, resulting
in higher volumes and lower module prices.
In addition to providing multi-standard display module support for MDDI
based CPU handset designs, products based on the new MDDI-to-MIPI bridge
architecture will also be able to interface to existing GSM and WCDMA
baseband and application processors via an industry standard CPU interface.
This will provide handset makers seeking an early introduction of MIPI based
handset designs the flexibility of utilizing widely available GSM and WCDMA
CPUs without an integrated MIPI host. Handset makers can reduce product
launch risks associated with dependence upon new product development
schedules while taking full advantage of the benefits of a high speed serial
display interface which include a reduced number of interface signals, lower
power consumption and reduced electromagnetic interference (EMI).
"Handset makers that produce systems based on both the GSM and CDMA
standards, and associated 3G standards, will have the opportunity to achieve
cost savings as a result of concentrating their purchasing power on procuring
LCD modules based on a single standard while also enjoying the cost, space,
power and EMI reduction advantages inherent in the use of the serial
interface," commented Kyle Baker, CMD's vice president of marketing.
Products based upon the architecture are expected to be available for
sampling in September 2008 with production targeted for March 2009. Details
of the new architecture will be presented by CMD at the upcoming SID 2008
International Symposium, Seminar and Exhibition to be held May 20th - 22nd in
Los Angeles, California.
About California Micro Devices
California Micro Devices Corporation is a leading supplier of application
specific analog and mixed signal semiconductor products for the mobile
handset, digital consumer electronics and personal computer markets. Key
products include protection devices for mobile handsets, digital consumer
electronics products such as digital TVs and personal computers as well as
analog and mixed signal ICs for mobile handset displays. Detailed corporate
and product information may be accessed at http://www.cmd.com.
All statements contained in this press release that are not historical
facts are forward-looking statements which are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
They are not guarantees of future performance or events. Rather, they are
based on current expectations, estimates, beliefs, assumptions, and goals and
objectives and are subject to uncertainties that are difficult to predict. As
a result, our actual results may differ materially from the statements made.
Often such statements can be identified by their use of words such as will,
intends, expects, plans, believes, anticipates, and estimates.
Forward-looking statements made in this release include the expected
capabilities and performance of products based on the new architecture, the
potential applications of such products, the benefits that customers will
receive from using such products, and the dates that such products are
expected to be available for sampling and in production. These
forward-looking statements are based upon our assumptions about and
assessment of the future, which may or may not prove true, and involve a
number of risks and uncertainties including, but not limited to whether CMD
encounters technical difficulties and delays in completing the design of such
controller devices, whether the devices will function as designed, whether
there will be issues and delays in moving the product from engineering into
production, and whether there will be quality or cost issues in volume
manufacturing of the product as well as the risk factors detailed in the
company's Form 8K, 10K, and 10Q filings with the Securities and Exchange
Commission. Due to these and other risks, the company's future actual results
could differ materially from those discussed above. These forward-looking
statements speak only as to the date of this release, and, except as required
by law, we undertake no obligation to publicly release updates or revisions
to these statements whether as a result of new information, future events, or
otherwise.
All trademarks are property of their respective owners.
Web site: http://www.cmd.com
California Micro Devices
Richard Haas of California Micro Devices, +1-408-934-3108, richardh@cmd.com
Texas Instruments acquires Commergy Technologies for energy-saving power supply innovationAcquisition strengthens TI power management and high-performance analog business
DALLAS, May 13 /PRNewswire-FirstCall/ -- Texas Instruments (TI) Incorporated today announced that it has acquired Ireland-based Commergy Technologies, Ltd., a power supply reference design provider that specializes in energy efficient and compact architectures. The acquisition allows TI to broaden its focus on improving energy efficiency in today's end-equipment designs, especially in the areas of AC adapters and high-power-density computing and server systems.
"Adding Commergy's products and expertise in power conversion technology gives us a tremendous advantage when solving our customers' complex energy requirements and critical power design challenges," said Art George, senior vice president for TI's High Performance Analog division. "New acquisitions such as this continue to enhance our portfolio of analog products that allow our customers to quickly adapt to the ever-changing computing and communications markets."
Dr. George Young, chief executive and technology officer of Commergy, said, "Combining our talent, technology and products with TI's manufacturing capabilities and power management business will give equipment designers quicker access to products that solve any energy management issue."
Commergy, based in Cork, Ireland, provides easy-to-implement standard and customized reference designs for applications in the notebook, PC, server and communications markets. The company develops extremely high-efficiency power supply solutions, such as those for notebook adapters, that meet and exceed the latest ENERGY STAR and Climate Savers Computing Initiative recommendations for PCs. Commergy has expertise in several design areas, such as planar magnetics, power factor correction (PFC), power topology design, thermal management, EMC design and high-power density design.
Industry-Leading Power Management Portfolio
TI is focused on meeting the power design needs of its customers through innovative products, easy-to-use design tools and local technical support. TI uses its application knowledge and high-performance analog manufacturing capabilities to provide discrete and integrated power management solutions for any portable or line-powered power design challenge -- from cell phones and portable medical equipment to telecom, industrial and computing applications. For more information about TI's complete power management portfolio, visit http://power.ti.com/.
About Texas Instruments
Texas Instruments helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through manufacturing, design and sales operations in more than 25 countries. For more information, go to http://www.ti.com/.
Trademarks
All registered trademarks and other trademarks belong to their respective owners.
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Texas Instruments Incorporated
CONTACT: Matt McKinney, +1-214-480-6894, m-mckinney1@ti.com, or Janell
Mirochna, +1-214-480-6663, j-mirochna1@ti.com, both of Texas Instruments
Incorporated [Please do not publish these numbers or e-mail addresses.]
Web site: http://www.ti.com/
Agilysys Updates Annual Guidance for Fiscal 2008- Sales expected to be approximately $781 million- Gross margin expected to be approximately 23.4%- Adjusted earnings before interest, taxes, depreciation, and amortization forecast to be approximately 1% of sales
BOCA RATON, Fla., May 13 /PRNewswire-FirstCall/ -- Agilysys, Inc. , a leading provider of innovative IT solutions, today announced that its unaudited fiscal 2008 sales will be at the low end of previously stated guidance; however, adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA" is operating income plus depreciation and amortization) as a percentage of sales is anticipated to come in below management's previous expectations issued on February 1, 2008.
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Agilysys expects unaudited sales for the fiscal year ended March 31, 2008 to be approximately $781 million - a 65% increase over fiscal 2007. Previously, the company had estimated fiscal 2008 sales to be in the range of $780 million to $800 million. Unaudited gross margin for fiscal 2008 is expected to be 23.4% of unaudited sales, which is slightly below the company's previous guidance of 23.5%. The company expects adjusted EBITDA for the full fiscal year to be approximately 1% of unaudited sales, which is an improvement over the prior year, but well below the company's previous guidance of 2%.
"Our quarter-end sales were significantly softer than anticipated," said Arthur Rhein, chairman, president and chief executive officer of Agilysys. "With disappointing adjusted EBITDA performance for fiscal 2008 and economy-related reductions in IT spending in the marketplace, we have performed a detailed review of our businesses and have developed an iterative process to reduce expenses and identify opportunities to improve operating efficiencies. As we implement these expense and efficiency measures, we will continue to assess the timing and implementation of our strategic growth strategy, particularly in light of the macroeconomic environment. We have re-engaged JPMorgan to assist in this process," Rhein added.
On Thursday, May 29, 2008, Agilysys will hold a conference call to review fiscal 2008 financial results, discuss expense reduction actions and provide fiscal 2009 guidance. The conference call will be broadcast over the Internet at 11 a.m. ET and a replay will be accessible on the investor relations page of the company's Web site: http://www.agilysys.com/.
Forward-Looking Language
Portions of this release, particularly the statements made by management and those that are not historical facts, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current assumptions and expectations, and are subject to risks and uncertainties, many of which are beyond the control of Agilysys. Many factors could cause the actual results of Agilysys to differ materially from those anticipated by the forward-looking statements. These factors include those referenced in the Annual Report on Form 10-K or as may be described from time to time in Agilysys subsequent Securities and Exchange Commission (SEC) filings.
Potential factors that could cause actual results to differ materially from those expressed or implied by such statements include, but are not limited to, those relating to Agilysys long-term financial goals, anticipated revenue gains, sales volume, margin improvements, cost savings, capital expenditures, depreciation and amortization, and new product introductions.
Other associated risks include geographic factors, political and economic risks, the actions of Agilysys competitors and vendors, changes in economic or industry conditions or in the markets served by Agilysys, and the ability to appropriately integrate and derive performance from acquisitions, strategic alliances, and joint ventures.
In addition, this release contains time-sensitive information and reflects management's best analysis only as of the date of this release. Agilysys does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Information on the potential factors that could affect Agilysys actual results of operations is included in its filings with the SEC, including, but not limited to, its Annual Report on Form 10-K for the fiscal year ended March 31, 2007. Interested persons can obtain it free at the SEC's Web site, http://www.sec.gov/.
About Agilysys
Agilysys is a leading provider of innovative IT solutions to corporate and public-sector customers, with special expertise in select markets, including retail and hospitality. The company uses technology - including hardware, software and services - to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity; and provides industry-specific software, services and expertise to the retail and hospitality markets. Headquartered in Boca Raton, Fla., Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom and China. For more information, visit http://www.agilysys.com/.
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PRN Photo Desk, photodesk@prnewswire.com
Agilysys, Inc.
CONTACT: Martin Ellis, Executive Vice President, Treasurer, and Chief
Financial Officer, Agilysys, Inc., +1-561-999-8780, martin.ellis@agilysys.com
Web site: http://www.agilysys.com/
openSUSE Joins Google Summer of CodeThe openSUSE project will be working with students from around the world to develop new code and improve existing projects
WALTHAM, Mass., May 13 /PRNewswire-FirstCall/ -- The openSUSE(R) project today announced it has 10 projects being funded through the Google Summer of Code this year. Through Google Summer of Code, openSUSE will be working with students from around the world to develop new code and improve existing projects. Google Summer of Code offers student developers stipends to write code for various open source projects to inspire young developers to begin participating in open source development and to help open source projects identify and bring in new developers.
"I'm very pleased that Google has chosen to provide us with 10 slots in the Summer of Code program," said Joe "Zonker" Brockmeier, openSUSE community manager. "It's a great program that allows community projects to develop new features or applications, and more important, to provide a way for new contributors to learn how to work with open source projects. We not only get valuable code, but we are also able to work closely with the next generation of contributors."
According to Brockmeier, interest was high as the openSUSE project received more than 50 applications for its 10 allocated slots, and he is confident the students they're working with will be valuable contributors in the long run.
The projects funded by Google include:
-- LTSP GUI management for openSUSE; by Jan Weber, mentored by Jigish
Gohil.
-- Interactive crash analysis; by Nikolay Derkach, mentored by Jan Blunck.
-- Face-based authentication; by Rohan Anil, mentored by Alex Lau Chun
Yin.
-- Grub4ext4: enable ext4 file system as boot partition; by PengTao,
mentored by Coly Li.
-- New approach for (RPM) packages creation; by Andrei Oprisan, mentored
by Stanislav Brabec.
-- Libzypp download failover; by Gerard Farras i Ballabriga, mentored by
Peter Poeml.
-- GNOME Build Service client for openSUSE; by Mario Danic, mentored by
Rodrigo Moya.
-- Integration of OpenID Consumer to Build Service; by Hameedullah Khan,
mentored by Cornelius Schumacher.
-- Migration assistant reloaded; by Peter Libic, mentored by Pavol Rusnak.
-- Build Service-Eclipse integration; by Long Hong, mentored by Michal
Marek.
Google Summer of Code has funded more than 1,500 students and 2,000 mentors from 90 countries over the past three years. This year the project is funding 1,125 students with 175 open source projects, including openSUSE. For more information on openSUSE's activities in Google Summer of Code, visit http://code.google.com/soc/2008/suse/about.html.
OpenSUSE is a community distribution sponsored by Novell to promote the use of Linux* everywhere. OpenSUSE delivers everything Linux developers and enthusiasts need to get started with Linux. Hosted at http://www.opensuse.org/, the project features easy access to builds and releases. It also offers extensive community development programs for open access to the development process used to create SUSE(R) Linux Enterprise.
About Novell
Novell, Inc. delivers the best engineered, most interoperable Linux platform and a portfolio of integrated IT management software that helps customers around the world reduce cost, complexity and risk. With our infrastructure software and ecosystem of partnerships, Novell harmoniously integrates mixed IT environments, allowing people and technology to work as one. For more information, visit http://www.novell.com/.
Novell, openSUSE and SUSE are registered trademarks of Novell, Inc. in the United States and other countries. *Linux is a registered trademark of Linus Torvalds. All other third-party trademarks are the property of their respective owners.
Novell
CONTACT: Kevan Barney of Novell, +1-801-861-2931, kbarney@novell.com; or
Amy Anderson of SHIFT Communications, +1-617-779-1825,
aanderson@shiftcomm.com, for Novell
Web site: http://www.novell.com/
http://www.opensuse.org/
Synopsys HSIM-XA Adopted by STMicroelectronics for Its Advanced Smart Power TechnologyXA Delivers Productivity Gains in Analog/Mixed-Signal Verification
MOUNTAIN VIEW, Calif., May 13 /PRNewswire-FirstCall/ -- Synopsys, Inc. , a world leader in software and IP for semiconductor design and manufacturing, today announced the successful outcome of an extensive collaboration with Synopsys HSIM-XA and STMicroelectronics, a global leader in developing and delivering semiconductor solutions across a broad spectrum of microelectronics applications. The result of this joint effort enables ST to significantly accelerate their high-accuracy, transistor level verification of complex analog ICs using ST's Smart Power technology for highly integrated automotive applications.
"Our Smart Power ICs cover a broad spectrum of different applications that continue to grow in complexity. Coupled with wide operating ranges for both voltage and temperature, these designs have posed great challenges for us in the AMS verification domain," said Lyes Djama, AMS Design Platform manager of STMicroelectronics' Smart Power & High Voltage Competence Center. "Using XA technology allows us to significantly improve the AMS verification of these leading-edge designs and meet the challenges we are currently facing."
Synopsys' XA acceleration technology allows customers to achieve HSPICE(R) accuracy while delivering orders-of-magnitude-higher performance and capacity than existing FastSPICE solutions. XA's superior performance derives from a combination of advanced technologies, including compiled code simulation algorithms for faster transient analysis, topology and behavior-driven recognition algorithms to optimize simulation capacity, and an adaptive multi- rate evaluation engine. When combined with either NanoSim(R) or HSIM(TM), XA acceleration technology delivers a complete transistor-level verification solution with higher accuracy and higher throughput.
"Our collaboration with ST on the new XA technology is another example of a mutually beneficial alliance between Synopsys and our customers," said Paul Lo, vice president and general manager of the Analog/Mixed-signal Group at Synopsys, "Combining Synopsys' expertise in circuit simulation and STMicroelectronics' deep knowledge in analog design, we are able to deliver technology that uniquely addresses the requirements of AMS designers. Simply stated, XA technology enables 'out-of-the-box' SPICE accuracy with FastSPICE capacity and performance."
ST's proprietary smart power technology allows analog, digital and power circuits to be integrated on a single chip, producing a complete system - including the MCU - on a single piece of silicon. This exceptional level of integration facilitates more compact packaging and delivers significant benefits to manufacturers of automotive systems through lower costs and increased reliability.
About Synopsys
Synopsys, Inc. is a world leader in electronic design automation (EDA) software for semiconductor design. The company delivers technology-leading system and semiconductor design and verification platforms, IC manufacturing and yield optimization solutions, semiconductor intellectual property and design services to the global electronics market. These solutions enable the development and production of complex integrated circuits and electronic systems. Through its comprehensive solutions, Synopsys addresses the key challenges designers and manufacturers face today, including power management, accelerated time to yield and system-to-silicon verification. Synopsys is headquartered in Mountain View, California, and has more than 60 offices located throughout North America, Europe, Japan and Asia. Visit Synopsys online at http://www.synopsys.com/.
Synopsys, HSIM, HSPICE and NanoSim are registered trademarks or trademarks of Synopsys, Inc. Any other trademarks mentioned in this release are the intellectual property of their respective owners.
Editorial Contacts:
Sheryl Gulizia
Synopsys, Inc.
650-584-8635
sgulizia@synopsys.com
Stephen Brennan
MCA, Inc.
650-968-8900
sbrennan@mcapr.com
Synopsys, Inc.
CONTACT: Sheryl Gulizia of Synopsys, Inc., +1-650-584-8635,
sgulizia@synopsys.com; or Stephen Brennan of MCA, Inc., +1-650-968-8900,
sbrennan@mcapr.com
Web site: http://www.synopsys.com/
Lexmark X9575 Professional Wireless All-in-One receives Highly Recommended rating from BERTL
LEXINGTON, Ky., May 13 /PRNewswire-FirstCall/ -- BERTL, a leading independent test lab, recently awarded Lexmark International, Inc.'s X9575 Professional Wireless All-in-One (AIO) a Highly Recommended rating, noting that the AIO "performed very well" and "is very competitively priced."
"In light of the X9575's quality software, superior ease of use, and above-average image and photo quality, BERTL highly recommends the Lexmark X9575," said BERTL. "During BERTL's extensive testing of the Lexmark X9575, this color inkjet AIO, which is intended for a single user, SOHO or very small workgroup, performed very well."
BERTL highlighted several ease-of-use features on the Lexmark X9575 that were impressive, including the exceptionally easy installation, removable paper drawer and state-of-the-art color LCD.
"The X9575 Professional Wireless AIO is a great example of the many robust products Lexmark offers for the small office and home office user," said Paul A. Rooke, Lexmark executive vice president and president of its Consumer Printer Division. "This all-in-one is packed with productivity-enhancing features, including wireless and automatic two-sided printing."
The Lexmark X9575 Professional Wireless All-in-One warranty includes lifetime phone support and a dedicated, priority phone line, as well as Lexmark's Protection Guarantee with next-business-day replacement(1). In addition, the X9575 ships with high-yield ink cartridges that deliver twice the yield of Lexmark's standard cartridges.
The Lexmark X9575 Professional Wireless AIO has an estimated street price of $249(2) and can be found at retailers including Office Depot and Office Max, as well as online at http://www.lexmark.com/ .
About Lexmark
Lexmark International, Inc. provides businesses and consumers in more than 150 countries with a broad range of printing and imaging products, solutions and services that help them to be more productive. In 2007, Lexmark reported $5.0 billion in revenue. Learn how Lexmark can help you get more done at http://www.lexmark.com/ .
Lexmark and Lexmark with diamond design are trademarks of Lexmark International, Inc., registered in the U.S. and/or other countries. All other trademarks are the property of their respective owners.
All prices, features, specifications and capabilities are subject to change without notice.
(1) This limited warranty does not cover accidental damage, misuse, theft or loss. See Statement of Limited Warranty available at purchase locations for details. Warranty availability can vary by product and country.
(2) All prices are estimated street prices in U.S. dollars -- actual prices may vary.
Lexmark International, Inc.
CONTACT: Shannon Lyman of Lexmark International, Inc., +1-859-232-5532,
slyman@lexmark.com
Web site: http://www.lexmark.com/
Chiefs, YTB International, Inc. Launch Innovative Travel PartnershipFans Already Book Travel Online - Now Chiefs' Travel Site Provides Competitive Rates and Allows Loyal Fans a Unique Opportunity to Make Dreams Come True
ST. LOUIS, May 13 /PRNewswire-FirstCall/ -- The Kansas City Chiefs have launched an innovative travel partnership with YTB Travel Network, Inc. -- a wholly owned subsidiary of YTB International, Inc. (BULLETIN BOARD: YTBLA) ("YTB" or the "Company"). YTB will administer the Chiefs on-line and fan-based travel. The Chiefs travel website, http://www.chiefstravel.com/, will provide the Chiefs loyal fans with the opportunity to book all their business and personal travel while offering multiple entry opportunities to win Game Day Packages, a "Suite Experience," autographed memorabilia, the opportunity to become a "Chief for a Day," a cabin on a Chiefs celebrity cruise and more.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080513/NYTU007 )
"Fan support at home and also on the road has been a vital ingredient in the success of this franchise over the last 20 years," said Chiefs President Carl Peterson. "Moreover, with this new travel program we can reward our fans for that support, as each time they book travel -- whether business or personal, related to Chiefs games or not -- they have the opportunity to win any number of special prizes from watching a preseason game from a luxury suite, becoming a Chiefs player for a day and enjoying other fan friendly experiences."
The Chiefs Travel Web site offers competitive rates on the top airlines, thousands of hotels and many rental car companies, as well as a wide selection of offerings by leading vacation package providers and cruise lines. Site visitors will still enjoy the ability to earn airline miles, rental car and hotel points that they typically receive. In addition, the Chiefs will be offering celebrity cruises, featuring Pro Football Hall of Fame LB Bobby Bell, current players and special guests. Also, the site offers options such as exclusive tour packages to China and Europe, limousine service, restaurant reservations, golf tee times and vacation packages, flowers, gift baskets, concert tickets, passports, airport parking and much more. Each purchase will qualify a fan to enter the Chiefs giveaways.
"We at YTB and our outside representatives are excited by our partnership agreement with the Kansas City Chiefs and the opportunity to enhance the fans' travel experience throughout the year," stated J. Kim Sorensen, President, and CEO of YTB Travel Network, Inc. "There are Kansas City Chiefs season ticket holders across the country and Chiefs fans throughout the world. We welcome the opportunity to serve all the travel needs of every Chiefs fan and to further strengthen the Chiefs relationship with their loyal fans."
About YTB International
YTB International, Inc. is ranked among the top travel providers in the nation. YTB provides Internet-based travel booking services for representatives in the United States, Puerto Rico, the Bahamas, Canada, Bermuda, and the U.S. Virgin Islands.
YTB operates through three subsidiaries: YourTravelBiz.com, Inc., YTB Travel Network, Inc., and REZconnect Technologies, Inc. YourTravelBiz.com focuses on marketing online travel websites through a nationwide group of independent business people. YTB Travel Network, Inc. establishes and maintains travel vendor relationships, processes travel transactions of online travel agents and affiliates, collects travel commissions and pays sales commissions. Each independent-business person directs consumers to the YTB Internet-based travel website. REZconnect Technologies hosts a travel agency for traditional travel agents and offers franchises of brick and mortar travel agencies. For more information, visit http://www.ytbi.com/investor.
Media Contacts:
High Impact Marketing
mark@himemail.com
Marcia Dempsey
Director of Public Relations
YourTravelBiz.com
618.216.4646
mdempsey@ytb.com
ytbi.com/investor/
Investor Contact:
Garth Russell/Yemi Rose
KCSA Worldwide for YTB International, Inc.
212.896.1250 / 212.896.1233
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AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network: PRN3
PRN Photo Desk, photodesk@prnewswire.com
YTB International, Inc.
CONTACT: High Impact Marketing, mark@himemail.com; or Marcia Dempsey,
Director of Public Relations, YourTravelBiz.com, +1-618-216-4646,
mdempsey@ytb.com; or Investors, Garth Russell, +1-212-896-1250, or Yemi Rose,
+1-212-896-1233, both of KCSA Worldwide for YTB International, Inc.
Web site: http://www.ytb.com/
http://www.ytbi.com/investor
http://www.chiefstravel.com/
Rentrak Inks Deal With Knology, Inc.- Agreement Capitalizes on Rentrak's Leadership in Media Measurement as Knology Begins to Roll Out Video-On-Demand (VOD) Offerings -
PORTLAND, Ore., May 13 /PRNewswire-FirstCall/ -- Rentrak Corporation today announced it has entered into a multi-year deal with Knology Inc., a leading provider of business and residential communications and entertainment services throughout the Southeast and South Dakota. Knology is ranked 17th out of the top-25 ranked operators and is committed to bringing the most innovative and state-of-the-art products available to consumers. The partnership with Rentrak utilizes the company's leading measurement services as Knology expands its VOD services.
Knology serves both residential and business customers with one of the most technologically advanced broadband networks in the country, including over 200 channels of digital cable TV and also provides advanced communications services, such as video-on-demand (VOD), subscriber video-on- demand (SVOD), digital video recorders (DVR), High-Definition Television (HDTV), IP Centrex and Passive Optical Network services (PON).
"As Knology builds unique VOD services, Rentrak will continue to enhance its on-demand measurement and analytic services, as well as set the pace and develop new and improved standards for more accurate, transaction-based measurement across all content types," said Carol Hinnant, Vice President of Business Development for the OnDemand Essentials Suite of Services.
"Timely and accurate measurement is critical to the success of Knology's On Demand services. Rentrak's service will allow our team to manage and ensure that we are delivering the right content at the right time and better serve our customers" said Lynn Hall, Director of Product Management.
Rentrak processes daily, census-level on demand data representing 51 million set-top boxes from 26 MSOs with their extensive on demand data being used by more than 100 content provider partners every day to meet their measurement needs. Rentrak processed more than 3.3 billion transactions from its operator partners in 2007 -- representing a 52% increase over the same period for 2006.
About OnDemand Essentials(R)
OnDemand Essentials, a service of Rentrak's Advanced Media & Information Division, provides operators, content providers (including broadcast/cable networks, studios) and advertisers with a transactional tracking and reporting system to view and analyze on-demand content. The product is an extension of Rentrak's Essentials suite of business intelligence products customized for the entertainment industry. OnDemand Essentials clients have password protected, near real-time, Web browser-based 24/7 access to on demand consumer usage data at various access levels based on business and privacy rules. A sophisticated toolset aggregates and reports data across multiple vendors in one easy to use report system. Clients using the OnDemand Essentials system are able to instantly analyze and interpret their own business data to identify trends, program and promote more effectively, as well as track their performance against the broader business sector in which they operate.
About Knology, Inc.
Knology Inc., headquartered in West Point, Georgia, is a leading provider of interactive communications and entertainment services in the Southeast and has recently added South Dakota to its growing service area. The Company provides its full suite of video, voice and data services in Huntsville, Montgomery and Dothan, Alabama; Panama City and Pinellas County, Florida; Augusta, Columbus, and West Point, Georgia; Charleston, South Carolina; and Sioux Falls and Rapid City South Dakota and Knoxville, Tennessee. For further information, please visit Knology's corporate web site at http://www.knology.com/.
About Rentrak Corporation
Rentrak Corporation, based in Portland, Oregon, is an information management company serving clients in the media, entertainment, retail, advertising and manufacturing industries. The company's Entertainment Essentials(TM) suite of services is redefining media measurement in the digital broadband era. Entertainment Essentials provides customers with near- real-time, actionable insight into performance of content distributed over a wide variety of modern media technologies. Available by license or subscription, each Entertainment Essentials application allows executives to analyze detailed industry-wide and title-specific data to make decisions that enhance the bottom line and provide competitive advantage. For further information, please visit Rentrak's corporate Web site at http://www.rentrak.com/.
Contacts: Sallie Olmsted/Amanda Bartz
Rentrak Corporation
310/854-8124/8151
Rentrak Corporation
CONTACT: Sallie Olmsted, +1-310-854-8124, or Amanda Bartz,
+1-310-854-8151, both of Rentrak Corporation
Web site: http://www.rentrak.com/
Fisker Automotive's Karma Prototype on the Test Track for Initial DevelopmentFirst Production Car from Green American Premium Sports Car Company Remains on Track for 2009 Delivery
IRVINE, Calif., May 13 /PRNewswire/ -- Fisker Automotive, Inc. and Quantum Technologies announced today they are performing initial vehicle testing and fine tuning the battery software management system for the Fisker Karma plug-in hybrid production car. These initial test track developments are taking place in Southern California.
Three Fisker Karma prototypes have been built, and are currently undergoing testing for the electric powertrain developed by Quantum Technologies. Concurrently, the Fisker Automotive engineering team is working on crash test simulation. Further validation and certification on the vehicles will be performed over the coming months.
"We are very excited about the initial test results of the Fisker Karma prototype," said Henrik Fisker, CEO, Fisker Automotive. "The vehicle dynamics and fuel economy have performed better than expected and we remain on target for our fourth quarter 2009 initial delivery."
In sport mode the Fisker Karma will offer a continuous top speed of 125 miles per hour (200km/h). Electric only, or stealth mode, is capped at 95 miles per hour (150 km/h). Preliminary testing of the lithium-ion battery that powers the Fisker Karma has indicated a life expectancy of more than 10 years.
Configured to meet the demands of today's driver, the Fisker Karma's proprietary design allows consumers to drive the car emission free for up to 50 miles a day provided the car is charged every evening. With more than 80 percent of daily commuters driving less than 50 miles (80 km) a day, consumers who drive the Fisker Karma could conceivably only need to refuel the car but once a year.
Fisker Automotive is preparing to deliver its first Premium Edition vehicles by fourth quarter 2009. Currently, Fisker Automotive has received more than 500 orders for the Fisker Karma since its 2008 debut at the North American International Auto Show (NAIAS) in January. Fisker Automotive will reach a full production of 1,250 vehicles per month by the end of 2010. The starting estimated MSRP for the Fisker Karma will be approximately $80,000 or EURO 80,000.
Fisker Automotive, Inc.
Fisker Automotive is a privately owned car company with Henrik Fisker as the CEO. Fisker Coachbuild, LLC will be the exclusive design house for Fisker Automotive through the entire range of product development. The company has backing from Kleiner Perkins Caufield & Byers and Palo Alto Investors.
About Quantum Technologies :
Quantum is a publicly traded, world leader and OEM supplier of state-of-the-art clean propulsion technologies, fuel and energy storage technologies and services including propulsion systems for hydrogen fuel cell vehicles, hydrogen internal combustion engine vehicles, compressed natural gas vehicles, liquid petroleum vehicles, hybrid electric vehicles and plug-in hybrids based on advanced electronic control systems and Lithium Ion batteries developed by Quantum's strategic alliance partner. Quantum also provides engineering services including vehicle development and homologation.
Fisker Automotive, Inc.
CONTACT: Sylvia Lopez-Navarro of Fisker Automotive, Inc.,
+1-714-925-6643, fax, +1-714-888-4256, press@fiskerautomotive.com
Web site: http://www.fiskerautomotive.com/
Inbound Logistics Magazine Names New Generation Computing (NGC) a Top 100 Logistics IT Provider
MIAMI, May 13 /PRNewswire-FirstCall/ -- NGC(R) (New Generation Computing(R)) today announced that Inbound Logistics Magazine has selected NGC as one of the Top 100 Logistics IT Companies for 2008. This prestigious recognition is designed to provide supply chain and logistics executives with a complete guide to the industry's best-in-class technology and service providers.
Every April, Inbound Logistics editors recognize 100 logistics IT companies that support and enable logistics excellence. The editors compiled this year's list after evaluating more than 300 companies through a comprehensive process of questionnaires, research, and feedback from readers.
"During 2008, New Generation Computing consistently provided the kinds of technology solutions that enable companies to successfully manage their global enterprises," said Felecia Stratton, editor, Inbound Logistics. "Our readers face complex, demanding challenges that include reducing time to market and gaining end-to-end visibility of products across the entire supply chain. Inbound Logistics is proud to honor New Generation Computing as a 2008 Top 100 Logistics IT Provider, based on the company's excellence in delivering solutions that answer our readers' needs for ROI, ease of use, and efficient implementation."
"For more than 25 years, NGC has focused on helping our customers harness the power of IT to transform their supply chain efficiencies," said Alan Brooks, president, NGC. "We are pleased that Inbound Logistics has recognized NGC as one of the industry's leading logistics and supply chain providers."
About Inbound Logistics
Inbound Logistics is the pioneering publication of demand-driven logistics practices, also known as supply chain management. IL's educational mission is to help businesses efficiently manage logistics, reduce and speed inventory, and neutralize transportation cost increases by aligning their supply to demand and adjusting enterprise functions to support that paradigm shift. More information about demand-driven logistics practices is available at http://www.inboundlogistics.com/
About New Generation Computing
NGC(R) is a leading Fashion, Apparel, Footwear and Retail software company. NGC's SQL Series is a comprehensive suite of "end-to-end" solutions for PLM (e-PLM), Global Sourcing (e-SPS(R)) and ERP (RedHorse(R)). The SQL Series provides real-time visibility to product information, accelerates speed to market, and enables quality control throughout the supply chain to help deliver superior products. NGC customers include leading brands and retailers such as VF Corporation(R), A|X Armani Exchange(R), Carter's(R), Casual Male Retail Group(R), Maggy London, Goody's Family Clothing, Hugo Boss(R), Dick's Sporting Goods, Isda & Co., Tristan & America(R), Axis(R), Parigi Group, Wilson's Leather(R), and many others. NGC has offices in Miami, New York, Los Angeles, China, India, Mexico and El Salvador and is a wholly owned subsidiary of American Software Inc. . For more information, visit http://www.ngcsoftware.com/.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results to differ materially from those anticipated by statements made herein. These factors include, but are not limited to, changes in general economic conditions, technology and the market for the Company's products and services, including economic conditions within the e-commerce markets; the timely availability and market acceptance of these products and services; the Company's ability to satisfy in a timely manner all SEC required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; the challenges and risks associated with integration of acquired product lines and companies; the effect of competitive products and pricing; the uncertainty of the viability and effectiveness of strategic alliances; and the irregular pattern of the Company's revenues. For further information about risks the Company could experience as well as other information, please refer to the Company's Form 10-K for the year ended April 30, 2007 and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information, contact: Vincent C. Klinges, Chief Financial Officer, American Software, Inc., (404) 264-5477 or fax: (404) 237-8868.
TRADEMARKS: e-SPS, NGC and RedHorse are registered trademarks of New Generation Computing, Inc. All other trademarks or registered trademarks are properties of their respective companies.
American Software, Inc.
CONTACT: Nancy Brooks, Vice President, Marketing, +1-305-556-9122 x 369,
nancy@ngcsoftware.com, or Jeff Ketner, KetnerBarnes Inc. (for NGC),
+1-512-794-8876, jeff@ketnerbarnes.com
Web site: http://www.amsoftware.com/
http://www.ngcsoftware.com/
http://www.inboundlogistics.com/
Company News On-Call: http://www.prnewswire.com/comp/048263.html
Apple Executives to Showcase Mac OS X Leopard and OS X iPhone Development Platforms at WWDC 2008 Keynote
CUPERTINO, Calif., May 13 /PRNewswire-FirstCall/ -- Apple(R) today announced that a team of Apple executives, led by CEO Steve Jobs, will kick off the company's annual Worldwide Developers Conference (WWDC) with a keynote address beginning at 10:00 a.m. on Monday, June 9, 2008 at San Francisco's Moscone West. This year's WWDC will showcase two revolutionary development platforms, the ground-breaking innovations of OS X Leopard(R) and OS X iPhone(TM), the world's most advanced mobile operating system.
The five-day WWDC event, which runs from June 9 to June 13, will feature the first ever iPhone track for mobile developers with in-depth sessions and hands-on labs to fully explore the capabilities of the OS X iPhone 2.0 software, including the iPhone SDK and the App Store, a breakthrough way for developers to wirelessly deliver their applications to iPhone and iPod(R) touch users.
The iPhone track will also enable mobile developers to work side by side with Apple engineers to create amazing applications that leverage iPhone's revolutionary Multi-Touch(TM) user interface, animation technology, rich set of APIs, including programming interfaces for Core OS, Core Services, Media and Cocoa(R) Touch technologies, built-in three axis accelerometer and geographical location technology to deliver truly innovative mobile applications.
This year's Mac(R) track will give newcomers and seasoned veterans alike the technical foundation and techniques needed to develop world-class OS X Leopard applications with sessions that discuss every level of the system, including interface design and implementation, application frameworks, security, localization and networking.
WWDC 2008 will offer over 150 information-rich sessions and labs where Apple engineers will go in-depth on the innovative technologies that power OS X iPhone and OS X Leopard. Developers can bring code to the labs and work one-to-one with Apple engineers, applying development methods and best-practices gained from sessions to enhance their applications.
Other activities at Apple's WWDC 2008 include:
-- presentation sessions led by engineers that provide an in-depth look at
OS X iPhone, OS X Leopard and innovative tools and technologies such as
the iPhone SDK, Cocoa Touch, Interface Builder, Xcode(R) and more;
-- practical hands-on sessions where attendees can learn Apple's own
coding strategies and techniques;
-- technology labs where attendees can work one-to-one with Apple
engineers; and
-- special events, including the Welcome Reception, Apple Design Awards,
Lunchtime Speakers and Stump the Experts.
Visit Apple's WWDC website for registration and complete session details at http://developer.apple.com/wwdc. Members of the media and industry analysts are invited to attend the keynote presentation and can register by contacting Simon Pope at simonp@apple.com.
Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications. Apple is also spearheading the digital media revolution with its iPod portable music and video players and iTunes online store, and has entered the mobile phone market with its revolutionary iPhone.
(C) 2008 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS, Macintosh, Leopard, iPhone, iPod, Multi-Touch, Cocoa and Xcode are trademarks of Apple. Other company and product names may be trademarks of their respective owners.
Apple
CONTACT: Simon Pope, +1-408-974-0457, simonp@apple.com, or Anuj Nayar,
+1-408-974-8388, anuj@apple.com, both of Apple
Web site: http://www.apple.com/
SulphCo Announces Annual Meeting Scheduled for June 18th
HOUSTON, May 13 /PRNewswire-FirstCall/ -- SulphCo, Inc. (the "Company" or "SulphCo") announced today that it will hold its annual meeting on June 18, 2008 at 9:30 a.m. Eastern Daylight Time at the offices of Kirkpatrick & Lockhart Preston Gates Ellis LLP at 599 Lexington Avenue, New York, NY 10022.
About SulphCo, Inc.
The Company has developed a patented safe and economic process employing ultrasound technology to desulfurize and hydrogenate crude oil and other oil related products. The Company's technology is designed to upgrade sour heavy crude oils into sweeter, lighter crude oils, producing more gallons of usable oil per barrel.
From time to time, the Company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
Contact: Adam Mazur
Rubenstein PR
212-843-8073
amazur@rubensteinpr.com
Tim Clemensen
Rubenstein IR
212-843-9337
tclemensen@rubensteinir.com
SulphCo, Inc.
CONTACT: Adam Mazur, +1-212-843-8073, amazur@rubensteinpr.com, or Tim
Clemensen, +1-212-843-9337, tclemensen@rubensteinir.com, both of Rubenstein PR
for SulphCo, Inc.
Web site: http://www.sulphco.com/
BigString Corporation Enters into International Distribution Agreement with VIP Connectz- Projected Revenues of at least $250,000 Per Year -
RED BANK, N.J., May 13 /PRNewswire-FirstCall/ -- BigString Corporation (BULLETIN BOARD: BSGC) , a provider of social networking messaging applications and user-controllable email and instant messaging services, announced today that it has entered into an international distribution agreement with VIP Connectz, an international marketing and sales company specializing in the Internet and telecommunications industry. BigString's self-destructing email and instant messaging (IM) services will be private labeled for VIP Connectz, which will add both services to its existing VoIP (Voice-over-Internet Protocol) product line.
VIP Connectz primarily focuses on providing services to the fast growing small home office and residential markets. VIP Connectz offers premium pay-for-service products as well as free accounts with advertiser support. It has a worldwide network of over 50,000 subscribers. Pursuant to the distribution agreement, VIP Connectz will serve as the exclusive worldwide multi-level marketing distributor of BigString's email and IM services. Multi-level marketing, also known as network marketing, is a business distribution model that allows a parent multi-level marketing company, such as VIP Connectz, to market their products directly to consumers by means of relationship referral and direct selling. BigString and VIP Connectz will share in the advertising revenues generated through their relationship. In addition, BigString will receive a payment for each email and IM account originated by VIP Connectz. In order to remain the exclusive worldwide multi-level marketing distributor of BigString's email and IM services, VIP Connectz is required to originate in each year of the distribution agreement a minimum of 10,000 in paid email accounts, resulting in at least $150,000 in fees payable to BigString, and 10,000 paid IM accounts, resulting in at least $100,000 in fees payable to BigString.
"On the heels of launching our self-destructing IM service, we are very excited to enter into a comprehensive distribution agreement with VIP Connectz. VIP Connectz has established distribution channels in the expanding South America and Asian telephony markets. Latin American regions, in particular, are still in the early stages of acquiring advanced, highly reliable Internet and email services that are also cost-effective. VIP Connectz's VoIP, when added with BigString's private labeled email and IM services, creates a perfect suite of next-generation Internet services at a favorable price point," commented Darin Myman, President and CEO of BigString Corporation. He added that, "Pursuant to this distribution agreement, we anticipate annual revenues of at least $250,000."
Edward Weaver, Co-Founder, President and CEO of VIP Connectz, said, "VIP Connectz focuses on international commerce, dynamic new IP technologies, and direct sales distribution. In BigString, we see a tremendous opportunity to advance in the international VoIP market by offering user-controlled email and IM services that deliver the highest levels of privacy, security and control to its end users. We anticipate a very successful partnership with BigString and look forward to rolling out our offering to our global network this month."
About VIP Connectz
VIP Connectz is an international marketing and sales company that offers VoIP (Voice over Internet Protocol) "flat-rate" service packages to customers in both residential and small business markets across the globe. In addition to VoIP services, VIP Connectz provides a growing list of other digital components devised to enhance the personal experience through interaction with others. Most notably, VIP Connectz presents a compelling business opportunity for those who choose to pursue financial independence through VoIP services and new digital ways to relate that are now the wave of the future. For more information, visit http://www.vipconnectz.com/.
About BigString Corporation
BigString Corporation, owner and operator of BigString.com, is a provider of social networking messaging applications and user-controllable email services. In addition to permitting users to send recallable, erasable, self-destructing emails and video emails, Big String's patent-pending technology allows emails and pictures to be rendered non-forwardable, non-printable and non-savable before or after the recipients read them, no matter what email service provider is used. For more information, visit http://www.bigstring.com/.
Statements about the future expectations of BigString Corporation, and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as that term is defined in the Private Securities Litigation Reform Act of 1995. BigString Corporation intends that such forward-looking statements shall be subject to the safe harbors created thereby. Since these statements involve certain risks and uncertainties and are subject to change at any time, BigString Corporation's actual results could differ materially from expected results.
Contact:
BigString Corporation
Darin Myman, 732-741-2840
darin@bigstring.com
Media Inquiries:
Greene Inc.
Howard Greene, 516-825-0400
greenepr@bigstring.com or greenepr@aol.com
Investor Relations:
OTC Financial Network
Rick McCaffrey
781-444-6100x625
rick@otcfn.com
http://www.otcfn.com/bsgc
BigString Corporation
CONTACT: Darin Myman of BigString Corporation, +1-732-741-2840,
darin@bigstring.com; or Media, Howard Greene of Greene Inc., +1-516-825-0400,
greenepr@bigstring.com, greenepr@aol.com; or Investors, Rick McCaffrey of OTC
Financial Network, +1-781-444-6100, ext. 625, rick@otcfn.com
Web site: http://www.bigstring.com/
http://www.otcfn.com/bsgc
Dimension Data Builds Integrated Post-Merger IT Infrastructure for NewBridge BankScalable Network Architecture Supports Bank's Future Acquisition Goals
NEW YORK, May 13 /PRNewswire/ -- Dimension Data, a $3.8 billion leading IT solutions and services provider, today announced the successful creation of a new IT infrastructure for Greensboro, N.C.-based NewBridge Bank. NewBridge Bank was formed in late 2007 as the result of a merger between Lexington State Bank and FNB Southeast, making it the sixth largest bank in North Carolina. Meeting stringent timelines associated with the merger, Dimension Data designed and built an IT infrastructure that will enhance NewBridge Bank's ability to incorporate new technologies -- in the event of future acquisitions -- and respond to evolving business needs.
With 600 employees, NewBridge Bank serves banking, brokerage and business customers through 40 full-service banking offices. As part of the merger, NewBridge needed to quickly integrate the IT architectures, applications and personnel from both banks, as well as technology from third-party providers. To avoid detracting from its own internal IT resources, NewBridge Bank turned to Dimension Data to merge the IT infrastructures of two separate entities into a single infrastructure that is both flexible and scalable, allowing for future growth.
Dimension Data began the project by assessing the IT infrastructures of the two merging banks and then developed an architectural roadmap to address the different technologies that crossed the combined lines of business. From there, Dimension Data worked with NewBridge to conduct a data center transformation assessment, implement new network and virtualized server infrastructures, develop a new messaging infrastructure and create a disaster recovery plan. Today, Dimension Data personnel remain on-site at NewBridge Bank to support IT personnel in running the new infrastructure.
"We selected Dimension Data because of its expertise in integrating IT infrastructures in support of mergers and acquisitions in the financial industry," said Richard Balentine, executive vice president and chief information officer at NewBridge Bank. "Dimension Data helped us to plan and build an IT architecture that can scale to meet our internal bank needs and our customers' needs well into the future. In addition, NewBridge now has a reliable, more secure data center infrastructure, and our disaster recovery plan has already been blessed by compliance auditors. These advantages, combined with our ongoing relationship with Dimension Data, enable NewBridge to better serve our growing customer base throughout North Carolina and Virginia."
NewBridge Bank's new server architecture enables efficient usage of data center floor space and power consumption, consolidating 60 physical servers down to 10 machines harnessing virtualization technology. The infrastructure also provides NewBridge Bank with streamlined directories and messaging systems standardized on a Microsoft framework and migrated into a single domain to improve manageability and minimize user impact. Additionally, a "hot" disaster recovery site supported by the integration of new Cisco switches provides NewBridge with continuous remote replication of critical data and superior business continuity. Because of these improvements, NewBridge now has a solid IT infrastructure that can easily scale with the bank's growth and readily accommodate future acquisitions.
"Our IT infrastructure work at NewBridge Bank builds upon the successful projects Dimension Data handled for one of its predecessors, Lexington State Bank," said Kris Domich, principal consultant of data centers and storage for Dimension Data. "As a solutions provider, we are committed to helping our clients align technology practices with their business goals -- a mission that is particularly rewarding when our work has a direct impact on business growth as it has at NewBridge Bank. Today, NewBridge Bank is ideally positioned for future expansion and is poised to deliver the best possible experience to its customers."
About Dimension Data
Dimension Data , a specialist IT services and solutions provider, helps clients plan, build, support and manage their network and IT infrastructures. Dimension Data applies its expertise in networking, security, operating environments, storage and contact center technologies and its unique skills in consulting, integration and managed services to create customized client services. For more information: Call 866-DIDATA-US or visit http://www.dimensiondata.com/na.
About NewBridge Bank
NewBridge Bank is the banking subsidiary of NewBridge Bancorp, formed on July 31, 2007 upon the merger of LSB Bancshares, Inc. and FNB Southeast. NewBridge Bank, headquartered in Greensboro, N.C., ranks among the 10 largest banks in North Carolina with assets of approximately $2 billion. NewBridge Bank has 40 banking offices in the Piedmont Triad of North Carolina, the Wilmington, N.C. area and the area surrounding Harrisonburg, Va. The bank maintains operations facilities in Lexington and Reidsville, N.C. The stock of NewBridge Bancorp trades on the NASDAQ Global Select Market under the symbol "NBBC."
Media Contacts:
Lisa Grimes Mike Broberg
Dimension Data Davies Murphy Group
(703) 217-2692 (781) 418-2442
lisa.grimes@us.didata.com ddna@daviesmurphy.com
Dimension Data
CONTACT: Lisa Grimes of Dimension Data, +1-703-217-2692,
lisa.grimes@us.didata.com, or Mike Broberg of Davies Murphy Group,
+1-781-418-2442, ddna@daviesmurphy.com, for Dimension Data
Web site: http://www.dimensiondata.com/na
EMC Empowers Broad Range of Organizations to Reap the Benefits of XMLUnveils EMC Documentum XML Store and Documentum Dynamic Delivery Services Enabling Users to Improve Information Access, Compliance, and Knowledge Sharing Leveraging XML
HOPKINTON, Mass., May 13 /PRNewswire/ -- EMC Corporation , the world leader in information infrastructure solutions, today unveiled two new EMC Documentum products designed to bring the power of XML (eXtensible Markup Language) technology to a broader range of enterprise information. EMC Documentum XML Store and Documentum Dynamic Delivery Services represent an important milestone in EMC's expanded commitment to XML as the underpinning for a variety of content formats, as well as the technology that facilitates convergence of structured and unstructured information.
"Far too often, companies cannot exploit their content, unable to break down the silos between unstructured and structured information," said Rita Knox, Research Vice President, Gartner, Inc. "XML technologies and solutions are quickly becoming the answer for those companies hoping to unlock the intelligence captured in all forms of information by identifying their meaning and relationships."
Leading today's announcement is EMC Documentum XML Store, a new native XML repository that seamlessly integrates into the Documentum platform to provide fast and scalable XML processing. Unlike other enterprise content management (ECM) products and XML point solutions, the Documentum repository gives organizations a full range of ECM management for their XML content, along with new capabilities for granular content reuse, standards-based search/retrieval, dynamic publishing, and archiving.
Documentum XML Store is the foundation for the second product announced today, EMC Documentum Dynamic Delivery Services. This server-based content delivery technology dramatically improves the way XML can be delivered dynamically to various applications. With Documentum Dynamic Delivery Services, organizations can transform traditional content publishing from a static activity to an on-demand process where personalized, relevant content is delivered to users based on their specific requests, preferences and profiles.
As XML has become the de facto standard for representing all types of information, many organizations have adopted it as a self-describing data format that enables application integration, improves information access, enables repurposed content and satisfies record retention requirements. With the addition of Documentum XML Store to the Documentum enterprise content management platform, XML can be now be a driver for any type of content-rich application using office documents, blogs, wikis, RSS feeds, mash-ups, business processes, or messages.
"Customers today face a tremendous challenge in effectively harnessing their unstructured information -- the very content that drives a majority of business processes," said Balaji Yelamanchili, Senior Vice President and General Manager, EMC Content Management and Archiving. "With these announcements, EMC now provides the market's very best ECM capabilities for XML content -- offering a powerful, standards-based XML information repository within an enterprise content management system. The end result is an integrated, end-to-end solution for creating, managing, accessing, archiving, and delivering XML alongside all forms of enterprise information."
Documentum Dynamic Delivery Services embeds XML Store to aggregate and cache content from any number of source systems. Documentum XML Store's full text engine and one of the industry's fastest XQuery engines combine to support search and retrieval of any type of content. Output documents are dynamically constructed from content fragments, and Documentum Dynamic Delivery Services' scalable architecture allows it to serve high volumes of personalized requests.
EMC's Documentum XML Store and Documentum Dynamic Delivery Services are available now. More information on EMC's content management products can be found at http://www.emc.com/products/category/content-management.htm
About EMC
EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at http://www.emc.com/.
EMC and Documentum are registered trademarks of EMC Corporation and its subsidiaries. All other trademarks are the property of their respective owners.
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.
EMC Corporation
CONTACT: Craig Librett of EMC Corporation, +1-508-293-7298,
librett_craig@emc.com
Web site: http://www.emc.com/
Iron Mountain, ACC, and IACCM Offer Expert Strategies to Attorneys for Reducing the Risks of Technology Licensing AgreementsWeb Seminar Scheduled for May 27
BOSTON, May 13 /PRNewswire-FirstCall/ -- Iron Mountain Incorporated , the global leader in information protection and storage services, together with the Association for Corporate Counsel (ACC) and the International Association for Contract and Commercial Management (IACCM) will host a Web seminar on strategies for attorneys to help their clients to reduce the risk for both developers and licensees of technology when executing technology licensing agreements. This Web seminar features experts John Boruvka of Iron Mountain and Tim Cummins of IACCM, and will be moderated by Jason Anderman of Becton, Dickinson and Company, who is also Vice Chair of the ACC Law Department Management Committee.
Topic: Attorney Best Practices for Minimizing Risk for Technology
Licensees and Licensors
When: Tuesday, May 27, 2008 at 1:00 PM ET
Where: Free registration at:
http://webcasts.acc.com/register.php?reglist=190630
This webcast will also be available on-demand after the
live event.
What: Companies in the U.S. spend billions of dollars each year on
licensing technology for critical day-to-day operations.
Mission-critical software applications are in place to keep
manufacturing, payroll, heath care, customer relationship
management (CRM), and database management up and running.
However, inherent to every technology license agreement is a level
of risk.
Attorneys can help reduce risk for their clients -- whether they
are technology licensees or technology developers -- through a
solid technology escrow agreement. This webcast will give
attorneys the information needed to help clients reduce risk and
will offer best practices for implementing a successful technology
escrow program. The first 30 minutes of the session will be
dedicated to the basics of technology escrow, and the second 30
minutes will cover advanced topics such as Software as a Service
(SaaS), off-shore licensing, exclusive supply agreements, and
Verification best practices.
Who: Presenters:
John Boruvka, Vice President, Intellectual Property Management,
Iron Mountain Digital
Tim Cummins, President and Executive Director, IACCM
Moderator:
Jason Anderman, Corporate Counsel, Becton, Dickinson and Company,
and Vice Chair of the ACC Law Department Management Committee
About ACC
The Association of Corporate Counsel (ACC) serves the professional needs of attorneys who practice in the legal departments of corporations and private sector organizations worldwide by promoting the common interests of its members, contributing to their continuing education and providing a voice on issues of national importance. With over 23,000 members in 80 countries, employed by over 10,000 organizations, ACC's community connects its members to the people and resources necessary for both personal and professional growth. Visit ACC online at http://www.acc.com/.
About IACCM
The International Association for Contract and Commercial Management (IACCM) is a global community of senior contracts, sourcing, and commercial management executives and managers with over 5,000 members and an extended network of more than 1,200 corporations from more than 80 countries. The organization's mission is to help our worldwide members develop innovation, best practices, and operational excellence within their organizations, and ultimately, through sharing these goals and methods, to raise professional status and practices on an international basis. Learn more at: http://www.iaccm.com/.
About Iron Mountain Digital
Iron Mountain Digital is the world's leading provider of software- and storage-as-a service solutions for backup and archiving. The technology arm of Iron Mountain Incorporated offers a comprehensive suite of data protection, archiving and intellectual property management solutions to thousands of companies around the world, directly and through a world-wide network of channel partners. Iron Mountain Digital is based in Southborough, Mass. with European headquarters in Frankfurt, Germany.
About Iron Mountain
Iron Mountain Incorporated helps organizations around the world reduce the costs and risks associated with information protection and storage. The company offers comprehensive records management and data protection solutions, along with the expertise and experience to address complex information challenges such as rising storage costs, litigation, regulatory compliance and disaster recovery. Founded in 1951, Iron Mountain is a trusted partner to more than 100,000 corporate clients throughout North America, Europe, Latin American and Asia Pacific. For more information, visit the company's Web site at http://www.ironmountain.com/.
Media Contact:
Maria Doyle
Public Relations
(781) 964-3536
dmmkdoyle@comcast.net
Iron Mountain Incorporated
CONTACT: Maria Doyle, Public Relations, +1-781-964-3536, for Iron
Mountain Incorporated
Web site: http://www.ironmountain.com/
http://www.acc.com/
http://www.iaccm.com/
TI's newest VoIP gateway solutions offer manufacturers increased performance, scalability and support for video capabilities over enterprise networks
DALLAS, May 13 /PRNewswire/ -- Texas Instruments Incorporated (TI) today announced the newest members of its Voice over IP (VoIP) gateway silicon and software solutions that will enable equipment manufacturers to achieve higher channel densities with improved voice quality. TI's newest gateway solutions are powered by its TMS320C64x+(TM) digital signal processor (DSP) that significantly increases performance for VoIP and video encode, decode and transcode applications. The flexible architecture of TI's new solutions allows equipment manufacturers to transition to a common hardware and software architecture that scales from eight to several hundreds of channels while supporting advanced voice and video features. For more information, go to: http://www.ti.com/voip.
The TNETV2664, TNETV2666, TNETV2686 and TNETV2689 are the newest additions to TI's field-proven medium density VoIP gateway product family. These solutions support an Ethernet interface and full IP encapsulation that allows the DSPs to put voice media directly on the network. This integration enables manufacturers to choose a smaller, more cost-effective host processor thereby simplifying their hardware design and reducing overall bill of material (BOM) costs. TI's gateway solutions include pin compatible options with different channel densities, which gives equipment manufacturers the ability to design a common hardware architecture that can scale across a range of product configurations and applications.
"The power and performance of TI's C64x DSP enables our newest family of enterprise gateway solutions to deliver improved voice transmission and high quality video," said Fred Zimmerman, director of CPE solutions for TI's voice solutions business unit. "We are listening to our enterprise and service provider customers' needs and equipping them with the most sophisticated voice gateway solutions that will allow them to expand their application offerings and meet the growing demands of service providers."
As the first of TI's medium density gateway solutions to operate on the C64x+ DSP core, manufacturers will now be able to integrate video capabilities to their products and still support voice and fax communications between TDM and packet telephony networks. The improved processing power enabled by the C64x+ architecture combined with increased on-chip memory significantly improves voice gateway performance while enabling higher channel densities.
The number of enterprise VoIP deployments continues to increase globally as businesses increasingly invest in IP-based systems, demanding more cost-effective telecommunications services that can transmit high-quality voice and video data, as well as advanced voice applications. According to Infonetics Research, the enterprise telephony market rose to $9.6 billion for 2007, up six percent over 2006, with hybrid IP-PBX systems accounting for two thirds of all lines shipped last year.
"End users are clearly sold on the idea of VoIP, with sales of enterprise VoIP systems far outpacing those of legacy systems," said Matthias Machowinski, Infonetics Research, directing analyst, Enterprise Voice & Data. "But to stay ahead and meet the next wave of customer demand, manufacturers will need to continue enhancing their products. TI's latest gateway solution is a great example of a system that has many of the features necessary to allow OEMs to strengthen their offerings, such as echo cancellation, conference bridging, and video transcoding, while at the same time keeping development costs in check."
With over 750 million VoIP ports shipped to date, TI supplies the industry's widest portfolio of voice silicon and software products deployed worldwide, including solutions for IP phones, enterprise VoIP gateways and carrier class equipment.
About Texas Instruments
Texas Instruments helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through manufacturing, design and sales operations in more than 25 countries. For more information, go to http://www.ti.com/.
Trademarks
TMS320C64x is a trademark of Texas Instruments. All registered trademarks and other trademarks belong to their respective owners.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010105/NEF016LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com
Texas Instruments Incorporated
CONTACT: Debbie Shemony of Texas Instruments, +1-301-515-6643,
dshemony@ti.com; or Nisha Chhabra of GolinHarris, +1-713-513-9572,
nchhabra@golinharris.com, for Texas Instruments
Web site: http://www.ti.com/
VIASPACE Subsidiary Receives Contract From NASA's Jet Propulsion Lab
PASADENA, Calif., May 13 /PRNewswire-FirstCall/ -- VIASPACE Inc. (BULLETIN BOARD: VSPC) , a company that works to transform proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions, announced today that its subsidiary, Ionfinity, LLC has been awarded a contract by NASA's Jet Propulsion Laboratory (JPL), managed by Caltech, to optimize and characterize third-generation Soft Ionization Membrane (SIM) devices and associated components which are to be interfaced with a JPL built mass spectrometer.
Dr. Carl Kukkonen, CEO of VIASPACE, said, "Ionfinity's contract with the Jet Propulsion Laboratory will continue ground breaking advances in micro scale detection devices previously considered too challenging a leap in technology to accomplish. This new generation soft ionization membrane, using miniaturized electronic packaging processes, will lead to much smaller chemical element and compound detection systems for Homeland Security, military and commercial uses."
Ionfinity is working to develop the next-generation mass spectrometry (MS) technology, which could not only revolutionize the traditional applications of MS for industrial process control and environmental monitoring, but could also ring in a new era of detection systems for homeland security. The technology combines inventions made at NASA Jet Propulsion Laboratory, which should enable the system to provide a 10x increase in sensitivity, a 10x increase in mass range and the ability to miniaturize the product to make it portable and low cost.
About VIASPACE: Founded in 1998 with the objective of transforming proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions that solve today's complex problems, VIASPACE benefits from important patent and software licenses from Caltech, which manages NASA's Jet Propulsion Laboratory. For more information, please see http://www.viaspace.com/, or contact Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com.
This news release includes forward-looking statements. These forward- looking statements relate to future events or our future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Such factors include the risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-KSB, for the fiscal year ended December 31, 2007, as well as general economic and business conditions, the ability to acquire and develop specific projects and technologies, the ability to fund operations, changes in consumer and business consumption habits, and other factors over which VIASPACE has little or no control.
VIASPACE Inc.
CONTACT: Carl Kukkonen of VIASPACE Inc., +1-626-768-3360
Web site: http://www.viaspace.com/
Tianyin Pharmaceutical's Ginkgo Mihuan Oral Solution Wins Critical Government Tenders in Four Provinces
CHENGDU, China, May 13 /Xinhua-PRNewswire-FirstCall/ -- Tianyin Pharmaceutical, Co., Inc., (BULLETIN BOARD: TYNP) , a manufacturer and supplier of modernized traditional Chinese medicine ("TCM") based in Chengdu, China, today announced that the Company has won official government tenders for its proprietary Ginkgo Mihuan Oral Solution in Liaoning, Guangxi, Yunnan, and Shanxi province in China. The centralized tendering procurement system operates in two ways. First, several hospitals and medical institutions join together to invite tenders from pharmaceutical manufactures and distributors, which are based on price. Second, they appoint qualified agents to handle tenders who are prohibited from having ties with the industry regulatory or administrative bodies to determine who will be awarded the tenders. The majority of public hospitals at the county or above level have implemented this system.
This successful tender gives Ginkgo Mihuan priority to be prescribed and used over the eight other competing products in the marketplace by hospitals in these four provinces. The winning price is approximately $3.67 per 10*10 ml package and $4.08 per 12*10 ml package. This is the Company's fourth drug which has received government tenders in addition to its Arpu Shuangxin, Granule Baoxinning Capsules, and Radix Sophorae Flavescentis Vaginal Effervescent Tablets.
Ginkgo Mihuan Oral Solution is a Traditional Chinese Medicine (TCM) which is highly effective in treating sequelas of Cerebral thrombosis coronary heart diseases and myocardial infarction. The drug was Tianyin Pharmaceutical's No. 1 selling drug in 2007 and contributed approximately 31 percent of the Company's 2007 fiscal revenue. The Company's estimates that its Ginkgo Mihuan Oral Solution currently maintains over 80 percent of the Compound Ginkgo prescription market and approximately 0.23 percent of the heart disease market in China, which is estimated to be an addressable market of approximately $4.3 billion annually (source: Southern Pharmaceutical Economic Research Institute).
"We are very pleased to announce four major provincial governments' tenders for our flagship product Ginkgo Mihuan Oral Solution as our focused sales and marketing efforts have successfully created awareness among many provincial pharmaceutical markets. The tenders enable us to immediately leverage our current production capacity and established distribution channels to capture additional market share. We expect Ginkgo Mihuan Oral Solution will continue to be our flagship product and a significant contributor to our growth during fiscal 2008," commented Dr. Guoqing Jiang, Chairman and CEO.
About Tianyin Pharmaceuticals
Tianyin is a manufacturer and supplier of modernized Traditional Chinese Medicine ("TCM") in China. It was established in 1994 and acquired by the current management team in August 2003. It has a comprehensive product portfolio of 34 modernized TCMs in the market, 22 of which are listed in the highly selective National Medicine Catalog of the National Medical Insurance Program. Tianyin owns and operates two GMP manufacturing facilities and an R&D platform supported by leading Chinese academic institutions. The Company has a pipeline of 51 pharmaceutical products pending approval. Tianyin has an extensive nationwide distribution network throughout China with a sales force of 523 salespeople. Tianyin is headquartered in Chengdu, Sichuan Province with two manufacturing facilities and a total of 869 employees. Tianyin achieved revenue of $20.4 million and net income of $3.95 million in FY2007 ending June 30, 2007.
Safe Harbor Statement
The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
For more information, please contact:
For the Company:
Allen Tang, Ph.D., MBA, Assistant to the CEO
Tel: +86-158-2122-5642 (China)
Email: Allen.y.tang@gmail.com
Investors:
HC International, Inc.
Alan Sheinwald
Tel: +1-914-669-0222 (U.S.)
Email: Alan.Sheinwald@hcinternational.net
Tianyin Pharmaceutical, Co., Inc.
CONTACT: For the Company: Allen Tang, Ph.D., MBA, Assistant to the CEO,
+86-15821225642 (China), or Allen.y.tang@gmail.com; Or Investors: Alan
Sheinwald of HC International, Inc., +1-914-669-0222 (U.S.), or
Alan.Sheinwald@hcinternational.net
U.S. Army Awards Software Contract to Savi to Sustain Ammunition Depot Automation Applications
RICHMOND, Va., May 13 /PRNewswire-FirstCall/ -- Savi, a Lockheed Martin company, has been awarded a contract with the U.S. Army Joint Munitions Command (JMC) for a government-developed, automated information system (AIS) that supports depot-level ammunition logistics functions. The award was made by Army Sustainment Command on behalf of the JMC. The announcement was made today at the opening of the Association of the U.S. Army's (AUSA) Logistics Symposium and Exhibition (Savi Booth #249).
(Logo: http://www.newscom.com/cgi-bin/prnh/20080123/AQW081LOGO)
Munitions Total Management Systems-Field Module (MTMS-FM) provides extensive business process automation functionality for employees at all ammunition locations throughout the United States. MTMS-FM software, which Savi has provided since 1999, automates, integrates and streamlines depot operations, allowing users visibility of shipment data throughout the outloading process. The software application automates about 40,000 movement transactions per year and dramatically reduces keystrokes, dual-entry notations, manual errors and inventory reconciliation time.
"We're honored that Savi's asset management software has earned the trust of the U.S. Army through its nine-year track record of ensuring that soldiers know precisely where munitions are stored to meet the needs of war fighters in the field," said David Stephens, chief executive officer of Savi Technology.
The software provides features that enable users to automatically manage, update and reconcile inventory records, generate receipts of incoming supplies, and keep track of internal warehouse movements and outbound shipments. Real-time data identifying munitions supplies that are equipped with 2D bar codes or active Radio Frequency Identification (RFID) tags is uploaded by handheld computers to Savi's asset management software. Information from Savi's software also is integrated with the U.S. Army's Standard Depot System software for network-wide visibility.
With over 17 years of experience, Savi is a leading provider of active RFID solutions for the management and security of supply chain assets, shipments and consignments. Savi is a wholly owned subsidiary of Lockheed Martin [NYSE: LMT], with headquarters in Mountain View, Calif., and offices in Washington D.C., London, Singapore, and Melbourne. Savi Technology is a Savi line of business that provides an integrated suite of complementary Automatic Identification Technology (including RFID) products and solutions (hardware, software, services) for enterprise-wide asset and supply chain management and security to defense, defense suppliers and other government customers.
For more information, visit http://www.savi.com/.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion. For additional information, visit http://www.lockheedmartin.com/.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080123/AQW081LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Lockheed Martin-Savi
CONTACT: Mark Nelson, +1-650-316-4872, mnelson@savi.com
Web site: http://www.savi.com/
http://www.lockheedmartin.com/
TIBCO Named to START-IT's List of the Hottest Companies of 2008Award Recognizes IT Industry Leaders Servicing the Manufacturing Industry
PALO ALTO, Calif., May 13 /PRNewswire-FirstCall/ -- TIBCO Software Inc. today announced that it has been named one of START-IT Magazine's "Hottest Companies of 2008," an annual listing that recognizes software and technology providers for innovative solutions targeting the manufacturing industry. Selected by the START-IT editors, winners were singled out for their revenue growth, important client wins, and significant events and accomplishments during the past year.
"The companies who have been named 'hot' this year are among the leading-edge technology providers within manufacturing. These innovative companies are driving manufacturing solutions into the next generation," said Peggy Smedley, editorial director of START-IT. "As the manufacturing industry evolves, so must the technology companies that provide solutions to advanced manufacturers. The 25 winning companies this year are having a great impact on the manufacturing space as they strive to provide the most complete, innovative technology possible to their customers."
TIBCO reached a number of milestones impacting the manufacturing industry in 2007. TIBCO added a host of new enhancements to its flagship MDM solution, TIBCO Collaborative Information Manager(TM), enabling manufacturers to more effectively leverage critical information across the supply chain. TIBCO CIM provides a single platform to manage core assets such as product information and to automate critical processes such as new product introduction. Further, the TIBCO solution integrates seamlessly into a service-oriented architecture.
It offers an industry-first: cross-domain relationship capabilities for greater control and visibility of information, giving users improved ability to model and enforce key relationships, such as between products and vendors or products and geographies. This is vital to engaging in strategic activities such as optimizing a distribution network or strategic sourcing. In the last year, TIBCO has expanded its manufacturing customer base outside of its traditional Consumer Packaged Goods and Retail verticals to other areas, including Energy, Telecomm Equipment, Electronic Parts, Durables and Tools.
"This further validates our customers who are committed to a strategic approach to IT," said Ram Menon, executive vice president, Worldwide Marketing, TIBCO. "We are honored to be recognized for these efforts by START-IT, and look forward to continuing to provide manufacturers with the best technologies to enable efficiency and innovation throughout their business."
For more information on TIBCO's manufacturing solutions, visit: http://www.tibco.com/solutions/industry/manufacture/default.jsp
About TIBCO
TIBCO digitized Wall Street in the '80s with its event-driven "Information Bus" software, which helped make real-time business a strategic differentiator in the '90s. Today, TIBCO's infrastructure software gives customers the ability to constantly innovate by connecting applications and data in a service-oriented architecture, streamlining activities through business process management, and giving people the information and intelligence tools they need to make faster and smarter decisions, what we call The Power of Now(R). TIBCO serves more than 3,000 customers around the world with offices in over 20 countries and an ecosystem of over 200 partners. Learn more at http://www.tibco.com/.
TIBCO, The Power of Now, Collaborative Information Manager and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.
TIBCO
CONTACT: Phillip Tree, TIBCO Software Inc., +1-650-846-8529,
ptree@tibco.com; or Bill Bourdon of Bateman Group, +1-415-602-1491,
bbourdon@bateman-group.com, for TIBCO
Web site: http://www.tibco.com/
HBO & Apple Bring Critically Acclaimed Television Programming to the iTunes StoreFavorites Including 'The Sopranos' and 'Sex and the City' Now Available on iTunes
NEW YORK and CUPERTINO, Calif., May 13 /PRNewswire-FirstCall/ -- HBO and Apple(R) today announced that programming from HBO is now available for purchase and download on the iTunes(R) Store (http://www.itunes.com/). New HBO programs on iTunes include the Emmy Award-winning programs "The Sopranos," "Sex and the City," "Deadwood" and "Rome," as well as the critically acclaimed hits "Flight of the Conchords" and "The Wire." The iTunes Store is the world's most popular online TV store with over 150 million episodes sold and features the world's largest catalog with over 800 shows (over 20,000 episodes).
"We're very excited to make these legendary HBO programs available on the iTunes Store," said Henry McGee, president of HBO Video. "Whether catching up on 'Sex and the City' in anticipation of its upcoming movie release or reliving a favorite 'Sopranos' episode, we think viewers will love being able to watch these shows on their iPod or iPhone."
"We're thrilled to bring this incredible lineup of programming from HBO to the iTunes Store," said Eddy Cue, Apple's vice president of iTunes. "These are some of the most talked about television shows ever, as well as some of the most requested by our customers."
"Sex and the City: The Movie" premieres in theaters on May 30, and in preparation for the movie's debut, fans can choose any or all 94 episodes from the entire six seasons of the program.
Television shows purchased and downloaded from the iTunes Store can be viewed on a Mac(R) or PC, iPod(R) nano with video, iPod classic, iPod touch, fifth generation iPod, iPhone(TM) or on a widescreen TV with Apple TV(R). "Sex and the City," "The Wire" and "Flight of the Conchords" are $1.99 per episode, and "The Sopranos," "Deadwood" and "Rome" are priced at $2.99 per episode. iTunes customers can also choose to purchase entire seasons of their favorite programs.
Pricing & Availability
iTunes 7.6.2 for Mac and Windows includes the iTunes Store and is available as a free download from (http://www.itunes.com/). Purchase and download of songs and videos from the iTunes Store requires a valid credit card from a financial institution in the country of purchase. Television shows are available in the US, UK, Canada and Germany, and video availability varies by country.
Home Box Office, Inc. is the premium television programming subsidiary of Time Warner Inc., providing two 24-hour pay television services -- HBO and Cinemax -- to over 40 million U.S. subscribers. The services offer the most popular subscription video on demand products, HBO On Demand and Cinemax On Demand, as well as HBO on Broadband, HD feeds, and multiplex channels. Internationally, HBO's branded television networks, along with the subscription video on demand products HBO On Demand and HBO Mobile, bring HBO services to over 50 countries. HBO programming is sold into over 150 countries worldwide.
Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications. Apple is also spearheading the digital media revolution with its iPod portable music and video players and iTunes online store, and has entered the mobile phone market with its revolutionary iPhone.
(C) 2008 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS, Macintosh, iTunes, iPod, iPhone and Apple TV are trademarks of Apple. Other company and product names may be trademarks of their respective owners.
Apple
CONTACT: Tom Neumayr of Apple, +1-408-974-1972, tneumayr@apple.com; or
Jeff Cusson of HBO, +1-212-512-1343, jeff.cusson@hbo.com
Web site: http://www.apple.com/
http://www.itunes.com/
SonicWALL Speeds Point-of-Sale Deployment for Palm Beach TanSonicWALL Virtual Assist Speeds New Franchise POS Deployment Remotely over the Web
SUNNYVALE, Calif., May 13 /PRNewswire-FirstCall/ -- SonicWALL, Inc. , a leading secure network infrastructure company, today announced that Texas-based Palm Beach Tan has deployed SonicWALL Virtual Assist remote support to streamline the deployment of POS endpoints. By implementing SonicWALL Virtual Assist on the company's SonicWALL SSL VPN solution, Palm Beach Tan gets new franchises selling faster while leveraging established infrastructure, resulting in a greater return on the company's technology investment.
Palm Beach Tan, Inc. operates a leading national chain of over 150 retail tanning salons, with roughly half of those franchised. "Our IT department is a full-service provider," said Ben Gray, IT Director. "When a franchise comes on board, there's a lot of software we have to install on their store computer. Virtual Assist made setting up a remote POS a simple process. We've cut support call times in half."
Virtual Assist enables Palm Beach Tan IT technicians to assume full control of the franchisee's remote computer, eliminating costs and delays associated with equipment cross-shipping or technician off-site travel. With the franchisee's permission, the technician can gain instant access to the computer using a Web browser, making it easy to configure the POS system on the remote device.
Now, when a new Palm Beach Tan franchisee requests a machine set-up, IT sends them an email with a link to the Virtual Assist portal. "They just click the link, and then we take over the machine," said Gray. "It gets us off the phone, let's us do our job. The file download feature is great." Franchisees may also interact directly with the technician in real time during the session using a robust built-in chat feature.
"Anyone who has tried to set up a remote POS over the phone knows how frustrating that can be," said Gray. Previously, setting up new franchise computers had involved making lengthy long distance calls, sending file attachments, and hand-holding remote end users of various technical skill levels through the installation. Gray had tried an alternate software solution, but his team found that solution frustrating as well. "Sometimes it just wouldn't work. It did not meet the demands of our corporate environment."
Palm Beach Tan had previously deployed a SonicWALL SSL-VPN 2000 to provide franchisees with easy-to-use remote access to corporate network resources, with the security of 256-bit AES SSL encryption. Each retail location has two or three computers running the POS front end, each connecting to the database over high-speed cable, DSL, or dedicated T1. To firewall these retail environments, Gray has implemented SonicWALL TZ 170 and 190 UTM appliances. "I have no problem deploying SonicWALL both on the enterprise level and at the store level," said Gray. "Every store has a SonicWALL in it."
"Virtual Assist provides an easy-to-use technician Web portal to facilitate the management and scheduling of the support queue, or invite specific users via e-mail, said Upa Hazarika, SonicWALL SSL-VPN Product Manager. "Furthermore, Virtual Assist integrates seamlessly with the SonicWALL SSL-VPN administrative interface, enabling IT administrators to easily configure the module for a variety of deployment configurations, including internal IT help desk, global call centers, or support from trusted third- party consultants."
About SonicWALL, Inc.
SonicWALL is committed to improving the performance and productivity of businesses of all sizes by engineering the cost and complexity out of running a secure network. Over one million SonicWALL appliances have been shipped through its global network of ten thousand channel partners to keep tens of millions of worldwide business computer users safe and in control of their data. SonicWALL's award-winning solutions include network security, secure remote access, content security, backup and recovery, and policy and management technology. For more information, visit the company web site at http://www.sonicwall.com/.
Safe Harbor Regarding Forward-Looking Statements
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements include but are not limited to statements regarding the benefits associated with implementing SonicWALL's Virtual Assist as part of a SonicWALL SSL-VPN solution. These forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward- looking statements. In addition, please see the "Risk Factors" described in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the year ended December 31, 2007, for a more detailed description of the risks facing our business. All forward-looking statements included in this release are based upon information available to SonicWALL as of the date of the release, and we assume no obligation to update any such forward-looking statement.
NOTE: SonicWALL is a registered trademark of SonicWALL, Inc. Other product and company names mentioned herein may be trademarks and/or registered trademarks of their respective companies.
SonicWALL, Inc.
CONTACT: Colleen Nichols, +1-408-962-6131, cnichols@sonicwall.com, or
Sarah London, +1-408-962-6163, slondon@sonicwall.com, both of SonicWALL, Inc.
Web site: http://www.sonicwall.com/
FLO Corporation Completes Acquisition of rtGO(SM) Registered Traveler Solution from UnisysFirm Completes Key Technology Acquisition Offering Consumers a Clear Alternative for Registered Traveler
CHANTILLY, Va., May 13 /PRNewswire-FirstCall/ -- FLO Corporation (BULLETIN BOARD: FLRP) , a leading Registered Traveler (RT) services provider, today announced the completion of the acquisition of Unisys Corporation's RT solution, rtGO(SM), a world-class, scalable technology that is certified by the U.S. Transportation Security Administration (TSA). The transaction helps position FLO as a major participant in the RT industry and strengthens its standing as the only public company focused exclusively on Registered Traveler.
FLO Chief Executive Officer Glenn Argenbright stated, "Today FLO achieved another important strategic goal by acquiring from Unisys the rtGO(SM) technology platform, a leading solution in the personal credentialing industry. Our agreement with Unisys also includes an agreement to receive services from Unisys through May of 2012. We look forward to continuing our very productive partnership with Unisys and in continuing to bring to market distinctive innovation in products and services for our members."
FLO has responded to traveler needs with a next-generation business model purpose-built to provide members with benefits, choice and value beyond the airport security lane, an approach that has been coined RT 2.0. Complete membership information, enrollment options and a variety of useful features can be found at Flu's newly designed Web portal at http://www.flocard.com/ .
About FLO
FLO Corporation provides a comprehensive solution for the Registered Traveler program that is built on world-class, scalable technology and administered by the U.S. Transportation Security Administration. The Registered Traveler program is designed to identify air passengers who pose a minimal security risk and then to provide those passengers with access to faster and simpler processing at airport security checkpoints. FLO Corporation has formed the "FLO Alliance" - strategic relationships with several companies with extensive expertise in credentialing, security, access control, customer service, travel services, political lobbying and corporate and consumer marketing - designed to develop, market, sell and deploy an end-to-end solution and to provide Registered Traveler benefits to qualified individuals for expedited security screening in designated lanes at participating airports in addition to receiving promotional offers and discounts offered by retail partners. The FLO Alliance consists of strategic relationships FLO has with Johnson Controls Federal Systems, Inc., JPMorgan Chase Bank, N.A., Smiths Detection Inc., Unisys Corporation and International RAM . For more information about the FLO program and Alliance visit http://www.flocard.com/.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release contains information about our management's view of our future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors. For example, our business will depend on our ability to establish and maintain strategic relationships with travel services, technology, and other companies. If we are unable to establish and maintain such relationships or if current relationships were to weaken, our actual results may differ materially from those indicated by the statements made in this release and our business could suffer. In addition, we expect to incur substantial transaction and restructuring charges as we integrate the rtGO solution with our solution, and there may be additional unanticipated costs. The integration of any acquisition involves numerous risks, including, among others, difficulties in assimilating operations and products, diversion of management's time and attention from other business concerns, potential exposure to unknown or contingent liabilities and possible loss of significant customers or impairment of relationships. We may not achieve the expected benefits of the transaction in the near term, or at all. Our failure to successfully, timely integrate the Unisys rtGO solution with our business could harm our business and future prospects. Other factors that could cause actual results to differ materially from historical results or those indicated by the statements in this release include, but are not limited to, risks and uncertainties associated with our financial condition and our efforts to meet the TSA's requirements to offer Registered Traveler services to sponsoring entities as well as those included in our annual report on Form 10-K filed with the Securities and Exchange Commission on April 15, 2008, and other documents we periodically file with the Securities and Exchange Commission.
NOTE REGARDING TRADEMARKS
"FLO" is a trademark of FLO Corporation. The names of actual companies mentioned herein may be the trademarks of their respective owners.
Media Contact:
Kevin Mitchell - 610.341.1850
FLO Corporation
CONTACT: Kevin Mitchell for FLO Corporation, +1-610-341-1850
Web site: http://www.flocard.com/
Brocade Extends Data Center Performance With Advanced, Integrated Server-to-Storage NetworkNew Family of Switches and Host Bus Adapters (HBAs) Deliver Unmatched Data Center Performance, Virtualization Support and Integrated Management
SAN JOSE, Calif., May 13 /PRNewswire-FirstCall/ -- Brocade(R) , the leader in data center networking solutions that help enterprises connect and manage their information, today announced a series of industry-leading data center fabric switches and server HBAs that deliver a new level of end-to-end data center networking performance. In addition, the Company announced new advanced networking capabilities across both switches and HBAs that greatly simplifies the end-to-end management of server and storage environments, including data migration and data security, in data centers.
Augmenting the industry-leading performance of the Brocade DCX Backbone and 48000 director, the new family of 8Gbit/sec fibre channel switches ranges in capacity from 8 to 80 ports, and offers the highest levels of performance in the industry. Brocade's new 8Gbit/sec HBAs also set new performance standards, and leverage Brocade's technological expertise in delivering advanced capabilities for storage and data center networks. Together, the new products offer unmatched server-to-storage connectivity and capabilities, supporting features such as fabric Quality of Service (QoS), traffic management and other Adaptive Networking services that benefit evolving data centers.
"The use of server virtualization for optimized asset utilization and cost-effective disaster recovery is driving the need for more dynamic movement of data and applications across different physical server environments," said Enterprise Strategy Group (ESG) Analyst Bob Laliberte. "QoS and flow control characteristics associated with these 'mobile' applications need to follow the application as it moves among systems. Brocade's 8Gbit/sec switches and HBAs provide the performance levels and end-to-end adaptive networking services capabilities to address these real 'next-generation' challenges."
According to a recent ESG survey, enterprise customers currently using server virtualization expect to double the number of physical servers equipped for virtualization and increase the number of virtual servers running on them by more than 150%. With this tremendous growth, data center managers will require high performance networks with the capability to assign network services like bandwidth or priority to each guest on a virtual server. Brocade is the first company to offer these "end-to-end" capabilities that extend from the application to the physical and virtual server, through the data center fabric and to storage devices with adaptive networking capabilities.
Brocade server-to-storage connectivity solutions are an integral component of Brocade's Data Center Fabric (DCF) architecture. The Brocade DCF architecture is an open framework that allows customers to evolve their data center infrastructures for maximum performance, flexibility, and investment protection. As data centers become increasingly virtualized, Brocade's DCF architecture and products will deliver integrated server-to-storage management to better support and manage virtual servers and applications for improved performance and uptime.
"Brocade's reputation as a leader in enterprise data centers is built on our track record of providing high performance, flexible, and intelligent infrastructure for today's, and tomorrow's demanding business applications," said Tom Buiocchi, Brocade Vice President, Worldwide Marketing. "Brocade-engineered innovation and reliability are now extended from the data center network to server platforms for better end-to-end manageability, virtual mobility, security and performance in the data center."
NEW Brocade Fabric Switches
The newest Brocade switches offer unmatched 8 Gbit/sec performance, doubling the throughput of previous products while also increasing power efficiency by approximately 40 percent. The Brocade 300 Entry-Level Switch scales from 8 to 24 ports, the Brocade 5100 Switch from 24 to 48 ports, and the Brocade 5300 Enterprise Switch ranges from 48 to 80 ports. All of the new 8 Gbit/sec switches help to protect and extend existing customer investments, as they are backward compatible with the large installed base of Brocade 1, 2 and 4 Gbit/sec SAN devices, including classic McDATA technology and products. The new fabric switches are available now from Brocade, IBM and Sun Microsystems, and are expected to be available from all Brocade OEM partners in Brocade's fiscal Q3.
NEW Brocade HBAs
Brocade's newest HBAs are designed to meet the growing performance, connectivity, and virtualization needs of enterprise data centers. The HBAs are architected to extend I/O performance at the server up to an industry-best 500,000 IOPs (Input/Output Operations Per Second) per port, an important factor in highly virtualized environments. They are also designed to support new Quality of Service (QoS), data mobility, and data encryption features that ensure faster and more secure communications between virtual servers and storage. In addition, Brocade is delivering a new, unified management tool that spans its new switches and HBAs to help customers simplify the management of their data center infrastructure. The new Brocade HBAs are expected to be generally available in June.
More information on the new Brocade fabric switches, HBAs, and Adaptive Networking features may be found at http://www.brocade.com/presskit.
About Brocade
Brocade is a leading provider of data center networking solutions that help organizations connect, share, and manage their information in the most efficient manner. Organizations that use Brocade products and services are better able to optimize their IT infrastructures and ensure compliant data management. For more information, visit the Brocade Web site at http://www.brocade.com/ or contact the company at info@brocade.com.
Brocade, Fabric OS, File Lifecycle Manager, MyView, and StorageX are registered trademarks and the Brocade B-wing symbol, DCX, and SAN Health are trademarks of Brocade Communications Systems, Inc., in the United States and/or in other countries. All other brands, products, or service names are or may be trademarks or service marks of, and are used to identify, products or services of their respective owners.
Brocade OEM Partner/Reseller Quotes
Dell -- "Dell is committed to providing customers optimized storage solutions for fast-growing virtualization environments," said Praveen Asthana, Director of Enterprise Storage & Networking for Dell. "We're pleased to offer Brocade technologies that deliver advanced networking services with a performance level that better enables more dynamic virtualization solutions."
EMC -- "Next generation data center requirements are driving the need for increased performance levels," said Barbara Robidoux, Vice President, EMC Storage Product Marketing. "We will be able to extend 8Gbps performance from the EMC Connectrix ED-DCX-B backbone so that customers will have the necessary performance and scalability to address their future data center network needs."
Engenio -- "When it comes to SAN solutions, the strategic partnership between LSI and Brocade spans the product lifecycle from development to delivery," said Phil Bullinger, executive vice president, Engenio Storage Group, LSI. "We will certify Brocade's 8Gb/s Fibre Channel switch and HBA products with LSI's family of Fibre Channel storage systems to enable customers to utilize these next generation solutions for increasingly demanding applications and virtual environments."
HP -- "Customers with virtualized data centers will improve performance and management of their Storage Area Networks by teaming HP disk arrays with Brocade's new family of switches," said Kyle Fitze, director of marketing, SAN StorageWorks, HP. "Brocade's 8Gbps switch enhance HP's SAN connectivity solutions to deliver unparalleled performance for even the most demanding storage environments by simplifying installation, management and storage provisioning."
Hitachi Data Systems -- "As data and information growth continues to escalate, data center managers must ensure that their infrastructures can support the resulting performance, scalability and reliability demands on their storage environments," said Peter Smails, senior director, global product marketing, Hitachi Data Systems. "The advanced external storage virtualization capabilities of the Hitachi Universal Storage Platform V and Universal Storage Platform VM coupled with the new Brocade 8Gbps switch provide the performance and scalability that customers are demanding to manage this growth and give customers the ability to maximize their existing investments."
IBM -- "Our customers are demanding increased performance and technology that is 'future proof'," said Robert Mahoney, IBM Business Line Executive, Storage Networking. "Brocade 8 Gbps switches offer the scalability, manageability, and performance that will enable customers to seamlessly incorporate new technology as it becomes available."
NetApp -- "As server virtualization drives new requirements in the data center, we see real value in these high performance solutions from Brocade," said Patrick Rogers, vice president of Solutions Marketing for NetApp. "Customers demand solutions that help them unify and transform their data centers. NetApp unified storage solutions, alongside Brocade 8Gbps switches, help do that and are a welcome addition for customers looking to consolidate end-to-end data center management, from servers to storage."
Sun --"We're working closely with Brocade to integrate their 8Gb switches into Sun's industry-leading storage portfolio that will allow customers to fully leverage server virtualization, data mobility and other next generation capabilities," said Jason Schaffer, senior director of storage marketing, Sun Microsystems, Inc."
Brocade
CONTACT: Media, Jil Backstrom, +1-720-558-4774,
jil.backstrom@brocade.com, or investors, Alex Lenke, +1-408-333-6758,
alenke@brocade.com, both of Brocade; or Ian Yellin of Ogilvy PR,
+1-415-677-2714, ian.yellin@ogilvypr.com, for Brocade
Web site: http://www.brocade.com/
Sirit Reports First Quarter 2008 Results
TORONTO, May 13 /PRNewswire-FirstCall/ -- Sirit Inc. ("Sirit") (TSX: SI), a leading provider of radio frequency identification ("RFID") technology, reports its financial results for the first quarter ended March 31, 2008. All amounts are stated in Canadian Dollars unless otherwise noted.
As previously announced, the first quarter of 2008 reflects a decline in total revenue from the same period last year. Total revenue for the three months ended March 31, 2008 reached $4.3 million, (US$4.3 million) compared to $6.5 million (US$5.5 million) in the prior year. The decline is due primarily to lower toll transponder sales during the quarter as well as foreign exchange impacts when compared to the prior year first quarter. The total decline, in US Dollars, is 22% compared to the prior year. This trend is expected to continue through the second quarter of 2008.
Sirit's Automatic Vehicle Identification ("AVI") applications contributed $3.3 million (US$3.3 million) or 77% of the total revenue down from $5.2 million (US$4.4 million) or 79% in the first quarter of 2007. Radio Frequency Solutions ("RFS") applications revenue contributed $1.0 million (US$1.0 million) compared to $1.3 million (US$1.2 million) in the first quarter of 2007. RFS revenue was impacted by quarterly fluctuations due to the timing of specific deliveries and deployments by our customers.
"The first quarter results were within our expectations as our largest toll customer significantly scaled back on deliveries. We effectively maintained operating expenses at the same level compared to last year and as a result had to fund operations during the quarter," commented Anastasia Chodarcewicz, Chief Financial Officer, Sirit Inc. "From a business perspective, the first quarter was very successful with the announcement of our acquisition of RSI ID Technologies, Inc., which closed on April 1, 2008 and several product and partner announcements. We are working closely with our partners and customers to ensure we make the best investment decisions today to improve results for the latter part of the year."
Gross profit in the first quarter of 2008 reached 36.2% up from the 34.8% in the first quarter of 2007. This reflects a change in the mix of toll customers during the quarter.
Operating expenses during the quarter, excluding foreign exchange, were $3.2 million, the same level as the first quarter of 2007. Development expenses increased during the first quarter of 2008 as the Company invests in key developments and people in an effort to improve future product costs and enhance product performance and offerings.
Operating loss for the quarter was $1.4 million compared to a $1.0 million loss in the same period last year. Net loss for the quarter was $1.3 million compared to a net income of $0.5 million in the first quarter of 2007 which included a gain on sale of $1.4 million from the sale of its long-term investment in Applied Data Systems, Inc.
Sirit ended the quarter with $6.8 million in cash compared to $8.9 million at December 31, 2007. Cash was used to fund operations and working capital during the quarter due to the lower sales levels experienced.
Q1 2008 Corporate Highlights
The following highlights key activities during the quarter:
- Sirit announced the signing of a cooperative marketing agreement
("CMA") with 3M's Traffic Safety Systems Division. The CMA is a
global distribution agreement to offer RFID reader and tag technology
based on open architecture protocols to support comprehensive
solutions developed for the transportation market.
- The Company announced the acquisition of RSI ID Technologies, Inc.
("RSI"). RSI is an industry leading, vertically integrated
manufacturer of antennas, inlays and tags for specialized, passive
RFID applications. The deal has been structured in an all stock
transaction with an initial payment of 10 million Sirit Common Shares
plus additional shares to be issued over a 21 month period based on
achieving certain financial targets. The deal closed on April 1,
2008.
- The Company announced a comprehensive OEM partnership with TAGSYS, a
global leader in item-level RFID infrastructure, to supply Sirit's
UHF Infinity 510 platform within TAGSYS' RXU-400 UHF fixed reader.
- Sirit received its compliance certificate from the State Radio
Regulation Committee ("SRRC") in China which confirms the IN510 meets
the qualifications of compliance under the operational bandwidth,
interoperability and performance standards established in March 2007.
- Sirit announced its collaboration with Microsoft Corporation to bring
near field communication and contactless support to the Windows
Mobile(R) operating system. The companies aim to speed the adoption
of NFC and contactless technology in Windows Mobile(R) powered
smartphones and the development of Windows Mobile(R) powered NFC
applications.
"We have had a strong quarter in terms of new partnerships and a key acquisition with RSI. As anticipated we are experiencing some short-term revenue fluctuations due to timing of specific orders from our largest customer. We continue to work on an increasing number of opportunities and are investing in our operations. If realized, these prospects are expected to convert into major announcements throughout 2008 and provide a basis to achieve profitability in 2009," added Norbert Dawalibi, President and CEO, Sirit Inc.
About Sirit Inc.
Sirit Inc. (TSX: SI) is a leading provider of Radio Frequency Identification (RFID) technology worldwide. Harnessing the power of Sirit's enabling-RFID technology, customers are able to more rapidly bring high quality RFID solutions to the market with reduced initial engineering costs. Sirit's products are built on more than 14 years of RF domain expertise addressing multiple frequencies (LF/HF/UHF), multiple protocols and are compliant with global standards. Sirit's broad portfolio of products and capabilities can be customized to address new and traditional RFID market applications including Supply Chain & Logistics, Cashless Payment (including Electronic Tolling), Access Control, Automatic Vehicle Identification, Near Field Communications, Inventory Control & Management, Asset Tracking and Product Authentication. For more information, visit http://www.sirit.com/.
Cautionary Note Regarding Forward Looking Statements
Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Sirit to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting Sirit's business which are discussed in the section entitled "Description of the Business - Risks Factors" in Sirit's Annual Information Form dated March 14, 2008 as filed with the securities regulatory authorities in Canada via SEDAR. Although Sirit has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. Sirit does not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, further events or otherwise.
"Sirit", the Sirit Design and "vision beyond sight" are all trademarks of Sirit Inc. All other names of actual companies and products mentioned herein may be the trademarks of their respective owners.
Sirit Inc.
Interim Consolidated Balance Sheets
(expressed in thousands of Canadian dollars)
Unaudited
As at As at
March 31 December 31
2008 2007
---------- ----------
Assets
Current Assets
Cash and cash equivalents $ 6,825 $ 8,855
Accounts receivable 3,528 2,951
Inventory 2,525 2,450
Prepaids, deposits and other 453 233
---------- ----------
13,331 14,489
Property and equipment 1,017 1,070
Intangible assets 1,115 1,205
Goodwill 3,905 3,905
---------- ----------
$ 19,368 $ 20,669
---------- ----------
---------- ----------
Liabilities
Current Liabilities
Accounts payable and accrued liabilities $ 4,104 $ 4,178
Deferred revenue 282 306
Warranty obligations 139 134
---------- ----------
4 ,525 4,618
Long-term deferred revenue 535 569
Long-term warranty obligations 119 124
---------- ----------
5,179 5,311
---------- ----------
Shareholders' Equity
Share capital 47,852 47,852
Contributed surplus 2,816 2,699
Deficit (36,479) (35,193)
---------- ----------
14,189 15,358
---------- ----------
$ 19,368 $ 20,669
---------- ----------
---------- ----------
Sirit Inc.
Interim Consolidated Statements of Operations, Comprehensive Income/
(Loss) and Deficit
(expressed in thousands of Canadian dollars except per share amounts)
Three Months Ended March 31
Unaudited
2008 2007
---------- ----------
Revenue $ 4,306 $ 6,499
Cost of sales 2,749 4,236
---------- ----------
Gross profit 1,557 2,263
---------- ----------
Expenses
Selling, general and administrative 1,952 2,189
Stock-based compensation 117 172
Development 923 604
Amortization 172 223
Foreign exchange (gain)/loss (249) 109
---------- ----------
2,915 3,297
---------- ----------
Operating loss (1,358) (1,034)
Gain on sale of long-term investment - 1,401
Interest income, net 72 96
---------- ----------
Net (loss)/income and comprehensive
(loss)/income for the period $ (1,286) $ 463
Deficit, beginning of period (35,193) (31,675)
---------- ----------
Deficit, end of period $(36,479) $(31,212)
---------- ----------
---------- ----------
Basic and diluted (loss)/income per share $ ( 0.01) $ 0.00
---------- ----------
---------- ----------
Sirit Inc.
Interim Consolidated Statements of Cash Flows
(expressed in thousands of Canadian dollars)
Three Months Ended March 31
Unaudited
2008 2007
---------- ----------
Cash provided by/(used in):
Operating Activities
Net (loss)/income for the period $ (1,286) $ 463
Items not involving cash and cash equivalents 289 395
Gain on sale of long term investments - (1,401)
Foreign exchange (gain)/loss (249) 109
---------- ----------
(1,246) (434)
Net change in non-cash working capital items (1,088) (780)
---------- ----------
(2,334) (1,214)
---------- ----------
Investing Activities
Additions to property and equipment (28) (193)
Proceeds on sale of long-term investment - 2,010
---------- ----------
(28) 1,817
---------- ----------
Financing Activities
Issuance of common shares upon
exercise of stock options - 14
---------- ----------
- 14
---------- ----------
Exchange rate impact on cash and cash equivalents 332 (142)
---------- ----------
Increase/(decrease) in cash and cash equivalents (2,030) 475
Cash and cash equivalents, beginning of period 8,855 9,397
---------- ----------
Cash and cash equivalents, end of period $ 6,825 $ 9,872
---------- ----------
---------- ----------
Cash and cash equivalents consist of:
Cash $ 550 $ 2,162
Short-term commercial paper 6,275 7,710
---------- ----------
$ 6,825 $ 9,872
---------- ----------
---------- ----------
Sirit Inc.
CONTACT: Anastasia Chodarcewicz, Sirit Inc., (416) 367-1897 x 227,
achodarcewicz@sirit.com
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