Companies news of 2008-05-13 (page 4)
SPX Corporation Named to Barron's 500 for 2008Ranks #43 on Annual List of America's Best...
SAIC Awarded Air Force $12 Million Contract for New Aircraft Component Repair Facility
Metalink Schedules First Quarter 2008 Conference Call
The Quaker Oats Company Names Tribal DDB Digital Agency of Record
Verizon Employees Throughout the Country Collect $400,000 Worth of Household Items to...
PR Newswire Signs Exclusive Agreement with BIOCOM to Provide News Distribution Services...
bioMETRX, Inc. Files for Several New Patents
Verizon Wireless Prepares Florida Network for 2008 Hurricane Season$150 Million Invested...
RSA, the Security Division of EMC, Unveils New Two-Factor Authentication Advancements for...
CACI Awarded Prime Contract on Multiple-Award Defense Information Systems Agency ENCORE II...
Mainichi Broadcasting System, Inc. Uses SRS Circle Surround for First Commercial One...
Virtela Appoints Steven R. King President and CEOJoins Award-Winning Managed Services...
Anything Brands Online, Inc. Launches Internet Super MallAnything Brands Online, Inc....
CCID Consulting: How Far Can China's IT Enterprises' Global Olympic Strategy Go?
Verizon Wireless Activates New Cell Site in Clark County, Ohio
RealEstate.com Wins National Award
Oracle Buys AdminServerExpands Oracle's Applications Drive into Insurance
City of Kent Improves Efficiency and Strengthens Disaster Recovery Preparation With Oracle...
Ikanos Communications Executives to Present at Lehman Brothers Worldwide Wireless and...
StumbleUpon Announces New Content for StumbleVideoStumbleVideo now includes content from...
McAfee, Inc. to Present at JP Morgan Technology Conference
Phonetime reports strong first quarter resultsRevenue of $36.5 million up 71% - Gross...
Yucheng Technologies to Participate in Upcoming Investor Events
Wonder Auto Technology to Present at the ROTH 3rd Annual China Discovery Tour
KEMET Reports Preliminary Results of Fiscal Year 2008 and 4th Quarter-- Net sales for...
Canon Marketing Japan Deploys Salesforce.com's Mobile Solution to 1,100...
Sam Houston Electric Cooperative Implementing Oracle(R) Utilities Suite to Integrate...
Visage Mobile Announces MobilityCentral for BlackBerry SmartphonesOn-demand enterprise...
Seagate Secure(TM) Self-Encrypting Laptop Hard Drives Earn National Security Agency...
Current-Sourced WLED Drivers From AnalogicTech Address Unique Lighting Needs of...
SPX Corporation Named to Barron's 500 for 2008Ranks #43 on Annual List of America's Best Companies
CHARLOTTE, N.C., May 13 /PRNewswire-FirstCall/ -- SPX Corporation today announced that it has been named to the Barron's 500, the financial magazine's annual list of "America's Best Companies" for 2008.
The Barron's 500 ranks the largest (by sales) publicly traded companies in the United States and Canada with the best record of boosting their sales and cash flow. SPX ranked #43 overall, earning a cumulative grade-point average of 3.25 out of a possible 4.0. The Barron's 500 rankings, including detailed information about the methodology, can be found in the May 12 issue of Barron's and at http://www.barrons.com/ .
"The fact that SPX ranked among the top 50 companies in this year's Barron's 500 is extremely gratifying, and points to the significant growth and positive momentum we have achieved over the past year," said Chris Kearney, Chairman, President and Chief Executive Officer of SPX. "The foundation for SPX's success has been the commitment to excellence our employees demonstrate each day, and it is their hard work and dedication that will continue to drive SPX in the years ahead."
SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.
SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many environmentally friendly products, includes cooling systems for all types of power plants throughout the world; custom engineered pumps, valves and mixers that assist a variety of flow processes including food and beverage manufacturing, oil and gas exploration, distribution and refinement and power generation; handheld diagnostic tools that aid in vehicle maintenance and repair, and power transformers that regulate voltage for electrical transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and employs over 17,000 people worldwide in over 30 countries. Visit http://www.spx.com/ .
SPX Corporation
CONTACT: Investors, Jeremy W. Smeltser, +1-704-752-4478, investor@spx.com, Media, Jennifer H. Epstein, +1-704-752-7403, jennifer.epstein@spx.com, both of SPX Corporation
Web site: http://www.spx.com/ http://www.barrons.com/
SAIC Awarded Air Force $12 Million Contract for New Aircraft Component Repair Facility
SAN DIEGO and McLEAN, Va., May 13 /PRNewswire-FirstCall/ -- Science Applications International Corporation announced today that it has been awarded a contract by the U.S. Air Force to design, engineer and construct a new fixed and rotary-wing aircraft component repair facility at Robins Air Force Base (AFB) in Warner Robins, Ga. The award has an 18-month period of performance and a contract value of $12 million. Work will be performed by SAIC's wholly-owned subsidiary, The Benham Companies LLC.
Robins AFB, part of the Air Force Materiel Command, is the principal air logistics base on the East Coast for aircraft repair, modification and overhaul. The base is the largest industrial complex in Georgia employing more than 15,000 civilian workers.
The contract includes demolishing three existing structures, grading the site and constructing a 63,000 sq.ft. repair center. The structure has an open bay design to accommodate the installation of four bridge cranes.
The scope of work also includes the engineering design and construction of water, sewer, industrial waste, electrical and gas service systems; a fire protection and alarm system; storm drainage, erosion control, information systems; security fencing, force protection/antiterrorism protection measures; concrete paving of an 18-space parking lot; and workstations and interior finishes. The building design must meet LEED (Leadership in Energy and Environmental Design) certification standards.
"Our subsidiary, Benham, has been building facilities for the Air Force for more than 50 years," said Bob Shokes, SAIC senior vice president and business unit general manager. "We look forward to designing and building a quality repair facility that will support the critical mission at Robins AFB for many years to come."
About SAIC
SAIC is a FORTUNE 500(R) scientific, engineering and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 44,000 employees serve customers in the Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. SAIC had annual revenues of $8.9 billion for its fiscal year ended January 31, 2008. For more information, visit http://www.saic.com/.
SAIC: From Science to Solutions(R)
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward- looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2008, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
Contact: Melissa Koskovich Laura Luke
703/676-6762 703/676-6533
koskovichm@saic.com laura.luke@saic.com
SAIC
CONTACT: Melissa Koskovich, +1-703-676-6762, koskovichm@saic.com, or Laura Luke, +1-703-676-6533, laura.luke@saic.com, both of SAIC
Web site: http://www.saic.com/
Metalink Schedules First Quarter 2008 Conference Call
YAKUM, Israel, May 13 /PRNewswire-FirstCall/ -- Metalink Ltd. today announced that its first quarter 2008 results conference will be broadcast "live" in listen-only mode via its website on Tuesday, May 20th, 2008 at 9:00 AM (EDT). Metalink's first quarter 2008 results will be released at 7:30 AM EST on the same day.
To listen to the web broadcast of the conference call, click on the investor relations icon of the Company's website at http://www.mtlk.com/
About Metalink
Metalink Ltd. is a leading provider of high performance wireless and wireline broadband communication silicon solutions. Metalink's WLAN and DSL technologies are designed to enable true broadband connectivity in every home, and its products revolutionize the broadband experience by facilitating the convergence of telecommunication, networking and entertainment.
Metalink's WLANPlus(TM) is a high-throughput, 802.11n-draft-compliant wireless LAN technology optimized for the networked home entertainment environment. Featuring advanced MIMO technology and full support of QoS, and operating in both 2.4GHz and 5GHz bands, WLANPlus enables multi-room networking of multiple high-definition video streams. In addition, Metalink offers a broad range of symmetric DSL and VDSL products used by operators as a cost-effective network upgrade to support triple-play services.
Headquartered in Yakum, Israel, the company has design centers in USA (Atlanta, GA) and Taiwan, and sales offices in USA (Atlanta, GA), South Korea, Japan, China and Taiwan. Further information is available at http://www.mtlk.com/
This press release contains "forward looking" information within the meaning of the United States securities laws that involve risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. Additional factors that could cause actual results to differ materially from these forward-looking statements are set forth from time to time in Metalink's filings with the Securities and Exchange Commission, including Metalink's Annual Report in Form F-20. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to republish or revise forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrences of unanticipated events. The Company cannot guarantee future results, events, and levels of activity, performance, or achievements.
Contact:
Yuval Ruhama Mor Abraham
CFO Marketing Communications Manager
Metalink Ltd. Metalink Ltd.
Tel: +972-9-9605395 Tel: +972-9-9605406
Fax: +972-9-9605544 Fax: +972-9-9605399
yuvalr@MTLK.com amor@MTLK.com
Metalink Ltd
CONTACT: Contact: Yuval Ruhama, CFO, Metalink Ltd, Tel: +972-9-9605395, Fax: +972-9-9605544, yuvalr@MTLK.com; Mor Abraham, Marketing Communications Manager, Metalink Ltd., Tel: +972-9-9605406, Fax: +972-9-9605399, amor@MTLK.com
The Quaker Oats Company Names Tribal DDB Digital Agency of Record
NEW YORK, May 13 /PRNewswire/ -- The Quaker Oats Company announced today that it has named Tribal DDB its Digital Agency of Record for the Quaker brands in the United States. This decision consolidates the digital marketing of the Quaker brands, which were previously held by multiple digital agencies. The Quaker portfolio includes brands such as Quaker Oatmeal, Quaker Snack Bars, Quaker Simple Harvest, Quaker Rice Snacks and Quaker Life Cereal, among others.
Tribal DDB previously worked on Quaker Snack Bars. This win represents a significant growth in business for the agency. "We're excited to extend our relationship with Quaker and PepsiCo. These companies encompass strong and well loved brands and we look forward to building their equity in the digital space," said Paul Gunning, President of Tribal DDB East.
Tribal DDB, Advertising Age's Global Agency Network of the Year for 2007, is charged with driving leadership in the digital space across the Quaker Foods brands. Upcoming assignments include QuakerOats.com and online campaigns.
"It became increasingly important to invest in a single relationship with one digital partner for our brands to provide strategic thought leadership across businesses with similar objectives and marketplace challenges," said Marie Devlin, Chief Marketing Officer for Quaker Foods & Snacks. "In choosing Tribal DDB, we have more than great branding and strategic thinking; we have a true partner in growing our ideas and our business."
ABOUT TRIBAL DDB WORLDWIDE
Tribal DDB Worldwide (http://www.tribalddb.com/) is headquartered in New York and includes 44 offices spanning 25 countries throughout the Americas, Europe and Asia Pacific region. The first digital agency to ever win Global Agency Network of the Year by Advertising Age in 2007, Tribal DDB has received accolades from The Wall Street Journal, Businessweek, Forrester Research Inc. and more. In 2005 Tribal DDB was named Interactive Agency of the Year by Adweek and the Cannes International Advertising Festival, where it took home the most Lions and the Cyber Grand Prix. Tribal DDB Worldwide is part of Omnicom Group's DDB Worldwide.
Tribal DDB Worldwide
CONTACT: Christina Cubeta of Tribal DDB Worldwide, +1-212-515-8349, Christina.cubeta@ny.tribalddb.com
Web site: http://www.tribalddb.com/
Verizon Employees Throughout the Country Collect $400,000 Worth of Household Items to Assist Victims of Domestic ViolenceItems to Be Distributed to 245 Domestic Violence Shelters
NEW YORK, May 13 /PRNewswire/ -- Hundreds of Verizon volunteers across the country have collected $400,000 worth of household items to assist the victims of domestic violence. The employees participated in a two-week Shower for the Shelter campaign to collect needed clothing, personal items and household supplies for domestic violence shelters.
The Verizon Foundation partnered with the National Network to End Domestic Violence Fund to organize the recent drive at more than 375 Verizon, Verizon Business and Verizon Wireless locations across the country.
"Shower for the Shelter provides sorely needed necessities for the families we serve and spreads the word about our services," said Sharon Hoahing, director of development and facilities at the Nassau County (N.Y.) Coalition Against Domestic Violence Inc., which benefited from Shower for the Shelter. "The generosity of Verizon volunteers tells our clients that people understand and support their decision to live a life free of violence."
All items collected will be distributed later this month to 245 domestic violence shelters in the local communities where the items were collected.
"Domestic violence programs are serving more and more individuals each day with limited resources," said Sue Else, president of the National Network to End Domestic Violence (NNEDV) Fund. "Verizon's Shower for the Shelter is a wonderful example of how individuals can help domestic violence programs provide comfort and support to victims."
According to the National Census of Domestic Violence Services conducted by NNEDV, domestic violence programs have served as many as 53,000 adults and children in a single day. "Domestic violence is a pervasive problem that affects people in every community," said Verizon Foundation President Patrick Gaston. "We are tremendously proud that so many of our Verizon volunteers have given of their own time and resources to support the victims of domestic violence."
The Verizon Foundation, the philanthropic arm of Verizon Communications, supports the advancement of literacy and K-12 education through its signature program, Thinkfinity.org, and fosters awareness and prevention of domestic violence. In 2007, the foundation awarded more than $67.4 million in grants to nonprofit agencies in the United States and abroad. The foundation also matched the charitable donations of Verizon employees and retirees, resulting in $25.1 million in combined contributions. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered more than 3 million hours of community service since Verizon's inception in 2000.
For more information on the foundation, visit http://www.verizon.com/foundation.
The National Network to End Domestic Violence Fund (NNEDV Fund) is a 501(c)3 organization dedicated to providing public education, training and technical assistance to maintain and develop the professional expertise of advocates working to end domestic violence. The NNEDV Fund strives to strengthen advocates as organizers and activists in the tradition of social change movements. For more information, please visit http://www.nnedvfund.org/.
Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 67 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employed a diverse workforce of approximately 232,000 as of the end of the first quarter 2008 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit http://www.verizon.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon
CONTACT: Brian C. Malina, +1-908-559-6434, Brian.c.malina@verizon.com; or Cheryl O'Donnell, NNEDV Fund, +1-202-543-5566, ext. 118, codonnell@nnedv.org
Web site: http://www.verizon.com/ http://www.nnedvfund.org/ http://www.verizon.com/foundation
Company News On-Call: http://www.prnewswire.com/comp/618232.html
PR Newswire Signs Exclusive Agreement with BIOCOM to Provide News Distribution Services for the Southern California Life Science Community
NEW YORK, May 13 /PRNewswire/ -- PR Newswire has signed an exclusive agreement with the BIOCOM Purchasing Group to become a preferred provider of news distribution services for members of BIOCOM, the association for the Southern California life science community.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000306/PRNLOGO )
BIOCOM's more than 570 members, which includes the biotech and medical device community throughout Southern California, will receive special rates for news release distribution and optional search engine optimization enhancement on all news releases distributed domestically. BIOCOM members will also be offered special rates for PR Newswire's Media Intelligence Products including eWatch, ProfNet and MEDIAtlas, and will receive complimentary annual membership to PR Newswire Association, LLC.
"Life science companies need to be visible to key audiences in all the places these audiences seek information, from traditional media outlets to 'next-generation' communities and social networks," said Pamela Bartlett, director of strategic channels at PR Newswire. "As the exclusive news distribution provider for BIOCOM, PR Newswire looks forward to helping BIOCOM members communicate their research breakthroughs, technology advancements and corporate developments to those organizations and individuals that will help grow their businesses and, eventually, enable these companies to better the lives of people around the world."
The exclusive agreement enables BIOCOM members to issue news through PR Newswire's advanced distribution network at special rates, reaching mainstream and trade journalists who cover biotech and health news, the financial community and the general public. The PR Newswire distribution network includes tens of thousands of journalists, over one million equities terminals and thousands of Web sites and online databases. In addition, some Southern California life science releases distributed over PR Newswire will be featured at http://www.biocom.org/.
"Today's exclusive agreement with PR Newswire enables BIOCOM to add world class communications services as another valuable tool that we offer to our members," said Ian Wisenberg, president of the BIOCOM Purchasing Group. "PR Newswire's ability to deliver news globally while simultaneously targeting key investor and media contacts is extremely important in building corporate recognition and validating their position in the global life sciences industry."
About PR Newswire
PR Newswire Association LLC (http://www.prnewswire.com/) provides electronic distribution, targeting, measurement and broadcast services on behalf of tens of thousands of corporate, government, association, labor, non-profit, and other customers worldwide. Using PR Newswire, these organizations reach a variety of critical audiences including the news media, the investment community, government decision-makers, and the general public with their up-to-the-minute, full-text news developments.
Established in 1954, PR Newswire has offices in 14 countries and routinely sends its customers' news to outlets in more than 170 countries and in more than 40 languages. Utilizing the latest in communications technology, PR Newswire content is considered a mainstay among news reporters, investors and individuals who seek breaking news from the source. PR Newswire's leading services include ProfNet(SM), eWatch(TM), MEDIAtlas(TM), Search Engine Optimization, MediaRoom, MediaSense(TM), MultiVu(TM), U.S. Newswire, the preeminent policy newswire in the industry, Vintage Filings, the fastest growing Edgar filing company, and Hispanic PR Wire, LatinClips and Hispanic Digital Network, the foremost Hispanic communications services. PR Newswire is a subsidiary of United Business Media plc of London.
About the BIOCOM Purchasing Group:
The BIOCOM Purchasing Group gives the Southern California life science community volume-based savings on products and services frequently used by biotech, medical device and diagnostic firms and the service providers that work with them. Through strategic group buying power, BIOCOM Purchasing Group negotiates and maintains contracts that provide members, regardless of size, with substantial bottom-line savings. In 2007, BIOCOM members saved more than $20 million through the BIOCOM Purchasing Group Premier Supplier Portfolio. Please click here for more information: http://www.biocom.org/Default.aspx?tabid=75
About BIOCOM
BIOCOM is the largest regional life science association in the world, representing more than 570 member companies in Southern California. The association focuses on initiatives that position the region's life science industry competitively on the world stage, and on the development and delivery of innovative products that improve health and quality of life. This includes initiatives in capital formation, public policy, workforce development, and member services. For more information on BIOCOM or the Southern California biotechnology and medical device community, please visit the organization's Web site at http://www.biocom.org/ or call (858) 455-0300.
Media Contacts:
Rachel Meranus, Vice President, Public Relations, PR Newswire at 201-360-6776 or rachel.meranus@prnewswire.com.
Tim Ingersoll, communications director, BIOCOM, 858-455-0300 or tingersoll@biocom.org.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000306/PRNLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
PR Newswire Association LLC; BIOCOM
CONTACT: Rachel Meranus, Vice President, Public Relations of PR Newswire, +1-201-360-6776, rachel.meranus@prnewswire.com; or Tim Ingersoll, communications director of BIOCOM, +1-858-455-0300, tingersoll@biocom.org
Web site: http://www.prnewswire.com/ http://www.biocom.org/
bioMETRX, Inc. Files for Several New Patents
JERICHO, N.Y., May 13 /PRNewswire-FirstCall/ -- bioMETRX, Inc. (BULLETIN BOARD: BMRX) a leading developer of biometric based consumer products, today announced that it has filed 5 new patent applications with the United States Patent and Trademark Office.
The products covered by the filings include tool storage chests, liquor cabinets, gun display cases, portable luggage and mailboxes. The traditional products that are the subject of the filings can all, to some substantial measure, benefit from the integration of biometric technology that will allow for easy locking and secure access. The company currently owns several patents integrating biometrics into padlocks, thermostats and garage door openers, as well as the use of biometrics as is applied to securing and retrieving electronic medical records.
"The patent filings confirm the continued commitment of this company to build our intellectual property portfolio as we identify, develop and improve products for consumers and their busy lifestyles," noted Mark Basile, Chief Executive Officer of bioMETRX, Inc. "Through our growing Patent portfolio, we strengthen our ability to protect our innovative products from competition as we continue to establish smartTOUCH(TM) as the trusted brand in consumer biometric products."
About bioMETRX, Inc.
bioMETRX, Inc. is rapidly becoming the leader in designing and bringing to market, practical, secure, everyday consumer biometric products for the garage door, door hardware, HVAC, home security, PC, automotive and portable lock markets. Utilizing its proprietary technology, the smartTOUCH(TM) platform, bioMETRX has developed an entire family of products so smart, they recognize you. The company's product line is branded under the protected trade name smartTOUCH(TM). bioMETRX also designs and provides fingerprint technology to a number of Original Equipment Manufacturers (OEM's).
For more information on bioMETRX and/or the company's smartTOUCH line of products, including the Master Lock smartTOUCH garage door opener, visit the Company's Web site at http://www.biometrx.net/.
Safe Harbor Statement: This release may contain certain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release with respect to bioMETRX's business, financial condition or results of operations, as well as matters of timing and the prospective terms of any transaction described are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond bioMETRX's control with respect to market acceptance of their technology and/or products, whether financing will be available, the effect of the application of acquisition accounting policies as well as certain other risk factors which are and may be detailed from time to time in bioMETRX's filings with the Securities and Exchange Commission.
Website: http://www.biometrx.net/
bioMETRX, Inc.
CONTACT: bioMETRX, Inc., +1-516-937-2828, +1-866-9NO-KEYS, prinquiries@biometrx.net
Web site: http://www.biometrx.net/
Verizon Wireless Prepares Florida Network for 2008 Hurricane Season$150 Million Invested in Past Year to Strengthen Coverage, Service for Floridians
TAMPA, Fla., May 13 /PRNewswire/ -- Verizon Wireless, builder and operator of the nation's most reliable wireless network, has completed wide-ranging preparations for the 2008 Hurricane Season to ensure Floridians have strong, comprehensive wireless coverage and service in case of severe weather and every day.
In the 12 months since the start of the 2007 Hurricane Season, the company has spent more than $150 million in Florida to strengthen and enhance its wireless network. Highlights of these enhancements include expanding and enhancing regional switching facilities, erecting new digital cell sites with on-site back-up power, expanding statewide the company's high-speed Evolution-Data Optimized (EV-DO) Revision A (Rev. A) digital network and completing a Disaster Response Trailer (DRT) mobile customer service unit.
In addition, the Verizon Wireless team of "test men" has been rolling across the state in a new fleet of test vehicles to fine tune its all-digital network and ensure reliable, comprehensive coverage in special preparation for the upcoming storm season as well as throughout the year.
While Florida has been spared the last couple of hurricane seasons, these kinds of intensive investments and preparations proved critical in the extraordinary storm seasons of 2004 and 2005. In those years, the Verizon Wireless network in Florida remained strong, while many other wireless communication networks struggled to serve residents and emergency response officials.
"We're not going to let our guard down because wireless communication is so important during emergencies," said Pam Tope, Florida region president of Verizon Wireless. "We're going to continue to heavily invest, thoroughly prepare and tirelessly work to provide Floridians with the most reliable wireless service in an emergency and each time they use their phones."
Additional highlights of the Verizon Wireless 2008 Hurricane Season preparation and network enhancement include:
-- A comprehensive emergency response plan, including preparing emergency
command centers across Florida in case of a storm or other crisis.
-- A $20 million enhancement to its Tampa Bay switching facility, which
doubled its traffic capacity and back-up power redundancies. The
facility is designed to withstand a Category 5 hurricane and will serve
as the region's emergency operations center in the event of a storm or
other disaster.
-- A new 35-foot $150,000 Disaster Response Trailer to be used as a
temporary customer service location in areas impacted by a disaster.
-- Nearly 100 new digital cell sites erected during the past year, of
which about 85 percent have their own on-site generators and new
expanded fuel tanks to extend their power-generating capacity.
-- Verizon Wireless network technicians (who serve as the inspiration for
the famous TV Test Man) have traveled more than 150,000 miles across
the state this past year in six vehicles ($250,000 each) equipped with
phones, wireless data devices and computers to measure the quality of
voice and data calls on Verizon Wireless' network and the networks of
other carriers.
-- A fleet of Cells on Wheels (COWs) and Cells on Light Trucks (COLTs),
and generators on trailers (GOaTS) that can be rolled into hard-hit
locations or areas that need extra network capacity.
-- Pre-arranging fuel delivery to mobile units and generators to keep the
network operating at full strength even if power is lost for an
extended period of time.
-- The expansion of its EV-DO wireless broadband network, including
launching its high-speed Rev. A network throughout the state. This
allows the most advanced wireless services (downloads, location-based
applications, video messaging, etc.) and makes the network more robust
for usage by residents and emergency agencies.
These new technologies, facilities and other network-strengthening efforts are part of an investment exceeding $1.7 billion in the state over the past eight years. Nationally, in that time period, Verizon Wireless has spent about $45 billion to enhance its digital wireless network.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Chuck Hamby of Verizon Wireless, +1-813-404-6029, Chuck.Hamby@verizonwireless.com
Web site: http://www.verizonwireless.com/ http://www.verizonwireless.com/multimedia
RSA, the Security Division of EMC, Unveils New Two-Factor Authentication Advancements for BlackBerry SmartphonesRSA SecurID(R) Token for BlackBerry(R) provides direct access to BlackBerry Mobile Virtual Private Network, new provisioning options and tighter integration with BlackBerry Enterprise Server
ORLANDO, Fla., May 13 /PRNewswire/ -- Wireless Enterprise Symposium 2008 -- RSA, The Security Division of EMC , today announced major developments in its mission to deliver flexibility, choice and enablement in enterprise deployments of strong authentication technology. The new RSA SecurID(R) Token for BlackBerry(R) smartphones, available in late Q2 2008, is designed to provide greater convenience to users and IT administrators, and features more cost-effective deployment and management capabilities.
The latest fruits of the four-year technical relationship between RSA and Research in Motion (RIM) (Nasdaq: RIMM; TSX: RIM) now allow BlackBerry smartphones to be more easily activated and deployed for use as RSA SecurID two-factor authenticators, and enable users to leverage enterprise wireless networks for secure, no-cost access to corporate applications. RSA's authentication solutions, including the RSA SecurID Token for BlackBerry smartphones, are engineered to assure identities and mitigate risk according to the value and criticality of the data, application or transaction.
"Aberdeen's latest benchmarking of best practices in strong user authentication showed a very strong trend towards increasing diversity of form factors as 'containers' for authentication credentials, underscoring the market shift towards flexibility and choice," said Derek E. Brink, vice president and research director for IT Security at Aberdeen Group. "RSA's enhancements in provisioning, user support, and integration with the BlackBerry Enterprise environment are well-aligned with the selection criteria valued most highly by the companies in our research who achieved best-in-class results."
New Features of RSA SecurID Token for BlackBerry smartphones:
The following new technology advancements will help enable organizations to truly leverage employees' identities as a business asset, as well as helping to increase convenience for administrators and end users and decrease overall costs:
-- Direct Access to the BlackBerry Mobile VPN (Virtual Private Network)
-- This allows a user with a BlackBerry smartphone enabled with
Wi-Fi(R) technology to securely and easily connect to in-office
enterprise wireless network access points. Once connected, the user
can leverage their company's wireless connection for email and
application access, without accumulating charges on their data plans
that can get charged back to the business.
-- New Dynamic Seed Provisioning based on CT-KIP Protocol
-- This feature provides customers with a simplified process for a
BlackBerry smartphone to function as an RSA SecurID authenticator by
more easily provisioning the software tokens that produce one-time
passwords (OTP). This more cost-effective 'over the air' method of
token provisioning simplifies and automates the end user experience
that can result in reduced call volume to technical support
resources.
-- Tighter Integration with BlackBerry Enterprise Server
-- By implementing IT policies through BlackBerry Enterprise Server,
administrators of the RSA SecurID Token for BlackBerry now have an
increased ability to customize and configure the application for
better centralized control. For example, administrators can choose
to mask users' PINs and passwords to help enforce compliance with
corporate policies.
-- Support for Software Token Backup and Restoration Across New or Wiped
Devices
-- This new feature enables the automatic restoration of a software
token to a user's new or wiped handset, removing the time-consuming
task of deploying the software token - from scratch - to existing
and established customers facing this scenario.
"There is no 'one-size-fits-all' security solution, so RSA offers a full range of solutions to authenticate and store credentials that balance cost, end-user convenience and security. As BlackBerry smartphones have become standard business devices, our joint customers are able to leverage integrated two-factor authentication technology to streamline IT operations," said Sam Curry, Vice President of Product Management and Product Marketing, Identity and Access Assurance Group at RSA. "By providing a more convenient and cost- effective strong authentication mechanism, we can help our customers gain the most value from their BlackBerry smartphone deployments by enabling more seamless and secure access to sensitive assets."
About RSA
RSA, The Security Division of EMC, is the premier provider of security solutions for business acceleration, helping the world's leading organizations succeed by solving their most complex and sensitive security challenges. RSA's information-centric approach to security guards the integrity and confidentiality of information throughout its lifecycle - no matter where it moves, who accesses it or how it is used.
RSA offers industry-leading solutions in identity assurance & access control, data loss prevention & encryption, compliance & security information management and fraud protection. These solutions bring trust to millions of user identities, the transactions that they perform, and the data that is generated. For more information, please visit http://www.rsa.com/ and http://www.emc.com/.
RSA and SecurID are registered trademarks and/or trademarks of RSA Security Inc. in the U.S. and/or other countries. EMC is a registered trademark of EMC Corporation. WiFi is a registered trademark of the Wi-Fi Alliance. The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited. All other brands, product names, company names, trademarks and service marks are the properties 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) risks associated with acquisitions and investments, including the challenges and costs of integration, restructuring and achieving anticipated synergies; (iv) competitive factors, including but not limited to pricing pressures and new product introductions; (v) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (vi) component and product quality and availability; (vii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii) insufficient, excess or obsolete inventory; (ix) war or acts of terrorism; (x) the ability to attract and retain highly qualified employees; (xi) fluctuating currency exchange rates; and (xii) 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 and RSA disclaim any obligation to update any such forward-looking statements after the date of this release.
EMC Corporation
CONTACT: David Seuss of RSA, The Security Division of EMC, +1-781-515-6279, david.seuss@rsa.com; or Sandra Heikkinen of OutCast Communications, +1-212-905-6043, sandra@outcastpr.com
Web site: http://www.emc.com/
CACI Awarded Prime Contract on Multiple-Award Defense Information Systems Agency ENCORE II Program With Ceiling Value of $12.225 BillionNew Award Positions Company to Provide Enterprise IT and Network Services
ARLINGTON, Va., May 13 /PRNewswire-FirstCall/ -- CACI International Inc announced today that it has been awarded a prime contract to support Defense Information Systems Agency (DISA) ENCORE II information technology solutions. CACI received one of 26 prime awards for the 10-year (five base years, five one-year option periods) indefinite delivery/indefinite quantity (ID/IQ) task order contract, which has an estimated ceiling value of $12.225 billion. This new business for CACI represents the largest contract award with DISA in CACI's 46-year history and positions the company to significantly increase its size and strength as a top-tier information technology (IT) provider to the Department of Defense (DoD) and the federal government. Concurrently, the award expands the scope of CACI's core competency in enterprise IT and network services.
ENCORE II is a follow-on to DISA's original ENCORE, a $3.1 billion program that was highly successful in delivering a wide range of information technology and communications solutions to DoD and federal clients. The contract is open for use by all military services, the Department of Defense, and other agencies of the federal government.
Under the terms of the award, CACI and its team will offer a broad array of enterprise-wide IT solutions to improve information-sharing and interoperability for DoD networks. CACI solutions include support for enterprise IT policy and planning, business process reengineering, performance benchmarking, communications and security engineering, telecommunications integration, and web services, as well as hardware and software requirements, when such products are incidental to the implementation of the solution.
CACI has proven expertise in the enterprise-wide IT arena, as well as a demonstrated track record of successfully supporting large ID/IQ contracts for the DoD, providing efficient, focused solutions on time and within budget. The ENCORE II award enables the company to support DISA's efforts to achieve information superiority and provide information on demand to warfighters, policy makers, and supporting personnel.
According to President of U.S. Operations Bill Fairl, "We're pleased that this new ENCORE II award from the Defense Information Systems Agency Defense Information Technology Contracting Organization -- Scott Field Office recognizes CACI's capability to be one of the agency's primary IT providers. It demonstrates our understanding of the complex enterprise IT infrastructure needed in today's net-centric environment."
CACI President and CEO Paul Cofoni, said, "CACI's award as a prime contractor for the Defense Information Systems Agency Defense Information Technology Contracting Organization -- Scott Field Office is gratifying because it allows us to partner with DISA to speed solutions to warfighters in the field. It's another example of how we continue to provide solutions to the DoD and serve the nation by helping to counter global terrorism."
CACI International Inc provides the professional services and IT solutions needed to prevail in today's defense, intelligence, homeland security and federal civilian government arenas. We deliver enterprise IT and network services; data, information, and knowledge management services; business system solutions; logistics and material readiness; C4ISR integration services; information assurance, information operations, and cyber security services; integrated security and intelligence solutions; and program management and SETA support services. CACI services and solutions help our federal clients provide for national security, improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. We add value to our clients' operations, increase their skills and capabilities, and enhance their missions. CACI is a member of the Fortune 1000 Largest Companies of 2007 and the Russell 2000 index. CACI provides dynamic careers for approximately 11,800 employees working in over 120 offices in the U.S. and Europe. CACI is the IT provider for a networked world. Visit CACI on the web at http://www.caci.com/.
There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the following: the accretiveness of the Dragon Development Corporation and Athena Innovative Solutions, Inc. transactions to our earnings; regional and national economic conditions in the United States and the United Kingdom, including conditions that result from terrorist activities or war; changes in interest rates; currency fluctuations; failure to achieve contract awards in connection with recompetes for present business and/or competition for new business; the risks and uncertainties associated with client interest in and purchases of new products and/or services; continued funding of U.S. government or other public sector projects, based on a change in spending patterns, or in the event of a priority need for funds, such as homeland security, the war on terrorism or rebuilding Iraq; government contract procurement (such as bid protest, small business set asides, etc.) and termination risks; the results of government investigations into allegations of improper actions related to the provision of services in support of U.S. military operations in Iraq; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and/or competition to hire and retain employees (particularly those with security clearances); material changes in laws or regulations applicable to our businesses, particularly in connection with (i) government contracts for services, (ii) outsourcing of activities that have been performed by the government, (iii) competition for task orders under Government Wide Acquisition Contracts ("GWACs") and/or schedule contracts with the General Services Administration; and (iv) accounting for convertible debt instruments; our own ability to achieve the objectives of near term or long range business plans; and other risks described in the company's Securities and Exchange Commission filings.
For investor information contact:
David Dragics, Senior Vice President, Investor Relations
(866) 606-3471, ddragics@caci.com
For other information contact:
Jody Brown, Executive Vice President, Public Relations
(703) 841-7801, jbrown@caci.com
CACI International Inc
CONTACT: David Dragics, Senior Vice President, Investor Relations, +1-866-606-3471, ddragics@caci.com, or Jody Brown, Executive Vice President, Public Relations, +1-703-841-7801, jbrown@caci.com, both of CACI International Inc
Web site: http://www.caci.com/
Mainichi Broadcasting System, Inc. Uses SRS Circle Surround for First Commercial One Segment 5.1ch Surround Sound Broadcast- The mobile terrestrial broadcasting system, One Segment, delivers content to mobile phones, mobile TVs and car navigation units- SRS Circle Surround(R) delivers full-bandwidth multichannel surround over a stereo transmission path
SANTA ANA, Calif., May 13 /PRNewswire-FirstCall/ -- SRS Labs, Inc. , the industry leader in surround sound, audio and voice technologies, announced today that Mainichi Broadcasting System, Inc. (MBS) of Osaka City, Japan has chosen to use SRS Labs' Circle Surround (CS) encoding for the variety entertainment telecast of Tsukai! Akashiya Denshidai. Beginning April 28, 2008 this popular show, which has been broadcast in monaural sound for the last 18 years, will now be broadcast using SRS Circle Surround formatted 5.1ch surround. This also marks the first commercial based One Segment broadcast using SRS Circle Surround. Tsukai! Akashiya Denshidai airs every Monday at 11:55pm.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070322/LATH036LOGO)
One Segment is a mobile terrestrial digital TV and data broadcasting service in Japan that delivers content to mobile phones, mobile TVs and car navigations systems. In addition to airing on One Segment, the series from MBS will also be broadcast over their analog, digital (12 segment) and CS (Communication Satellite) Digital broadcasting system in SRS Circle Surround.
An advanced surround encoding format for broadcasters and content providers, SRS Circle Surround delivers up to six full-bandwidth channels of surround sound content over any stereo transmission path. Car navigation systems that feature SRS CS Auto(TM), mobile phones that include the SRS CS Headphone(TM) feature and TVs connected to an A/V receiver with Circle Surround II(TM) will receive high-quality 5.1 surround sound during the One Segment broadcast. Viewers who do not have the appropriate Circle Surround decoders will enjoy an immersive stereo entertainment experience.
Over the last three years, MBS has used SRS Circle Surround to telecast live programs, mainly baseball games. They recognize SRS Circle Surround for its advanced capabilities to encode and decode multichannel content. "After our experience with SRS Circle Surround on select programs we have decided to telecast our regular TV program over all TV systems including the One Segment system using SRS Circle Surround, which only transmits stereo audio," said Mr. Shuji Ueno, Chief Technical Manager of MBS. "We believe our viewers will enjoy the fully immersive surround experience of our programs when using the SRS Circle Surround encoding system."
"We are excited about this opportunity to provide the first commercial broadcast of SRS Circle Surround over Japan's One Segment system, which is experiencing tremendous growth," says Allen Gharapetian, Vice President of Marketing for SRS Labs. "This builds upon the successes we have already encountered with SRS Circle Surround encoding in Japan's broadcasting system." Currently, SRS Circle Surround-encoding and decoding system is being used in over 40 TV and FM stations in Japan.
About SRS Labs, Inc.
Founded in 1993, SRS Labs is the industry leader in audio signal processing for consumer electronics. Beginning with the audio technologies originally developed at Hughes Aircraft, SRS Labs holds over 150 worldwide patents and is recognized by the industry as the foremost authority in research and application of human auditory principals. Through partnerships with leading global CE companies, semiconductor manufacturers and software partners, SRS audio, surround sound and voice processing technologies have been included in over one billion electronic products sold worldwide including HDTVs, mobile phones, portable media devices, PCs and automotive entertainment. In fact, SRS Labs is the de-facto standard of HDTV audio processing with nine of the top ten name brand flat panel TVs featuring SRS technology. Additionally, SRS Labs surround sound solutions provide the professional broadcast and recording industries with high-performance production, back-haul, storage, and transmission capability. SRS Labs supports manufacturers worldwide with offices in the US, China, Europe, Japan, Korea and Taiwan. For more information, visit http://www.srslabs.com/.
Except for historical information contained in this release, statements in this release, including those by Mr. Gharapetian, may constitute forward-looking statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events that are based on management's belief, as well as assumptions made by, and information currently available to, management. While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that the Company's goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect the Company's actual results and may cause results to differ materially from those expressed in forward-looking statements made by or on behalf of the Company. Some of these factors include the acceptance of new SRS Labs' products and technologies, the impact of competitive products and pricing, the timely development and release of technologies by the Company, general business and economic conditions, especially in Asia, and other factors detailed in the Company's Form 10-K and other periodic reports filed with the SEC. SRS Labs specifically disclaims any obligation to update or revise any forward-looking statement whether as a result of new information, future developments or otherwise.
SRS Labs, Inc. Contact: Press Contact:
Cyndee Pelino, Sr. Marketing Manager Jim Noyd, Noyd Communications Inc.
949-442-5518 310-374-8100
cyndeep@srslabs.com jim.noyd@noydcom.com
Photo: http://www.newscom.com/cgi-bin/prnh/20070322/LATH036LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
SRS Labs, Inc.
CONTACT: Cyndee Pelino, Sr. Marketing Manager of SRS Labs, Inc., +1-949-442-5518, cyndeep@srslabs.com; or Press, Jim Noyd of Noyd Communications Inc., +1-310-374-8100, jim.noyd@noydcom.com, for SRS Labs, Inc.
Web site: http://www.srslabs.com/
Virtela Appoints Steven R. King President and CEOJoins Award-Winning Managed Services Provider to Drive Next Phase of Global Growth
DENVER, May 13 /PRNewswire/ -- Virtela, the global network solutions company, today announced the appointment of Steven R. King as president and CEO. King also becomes a member of the company's board of directors.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080513/LATU034)
King assumes leadership as Virtela builds upon its exceptional growth, recently marking its eight-year anniversary with continued record financial and operational achievements. Virtela reached seven consecutive quarters of positive net income, and sales orders jumped 40% in the first quarter over the same period last year.
Fueling its momentum, Virtela is setting an innovative new standard for delivering superior agility and global connectivity for today's enterprises: Network as a Service (NaaS). While Software as a Service (SaaS) has gained traction with enterprises because of benefits such as eliminating the need for extensive IT support, Virtela is applying this on-demand model to transform managed network and security services delivery, and King will help accelerate the charge.
As President and CEO, King brings more than 25 years of leadership experience in the information technology industry. Most recently, he was president and CEO of ZANTAZ Inc., a pioneer in compliance content archiving and e-discovery leveraging the SaaS model. Under his seven-year leadership, the company grew to be profitable and a recognized market leader, and was acquired in 2007 by The Autonomy Group.
"Steve brings a wealth of experience and complementary strengths to Virtela, notably his proven expertise in sales, marketing and financial leadership and ability to execute in highly competitive environments," said Promod Haque, Virtela chairman and managing partner of Norwest Venture Partners. "His most recent accomplishments in the SaaS space will directly enhance Virtela's Network as a Service strategy, putting the company in an excellent position to further optimize the delivery of enterprise applications through its premier managed services."
Prior to ZANTAZ, King held a number of executive positions at E*TRADE Group Inc., where he played a key role in growing the company from under $100 million to more than $1.5 billion in revenues. He ultimately became CEO of E*OFFERING, the pioneering online investment bank of E*TRADE, acquired by Wit SoundView Group. Previously, King held senior management positions at the Thomson Corporation and Ziff-Davis. In 2006, he received the prestigious Ernst & Young Entrepreneur of the Year Award.
"I'm excited to join Virtela and seize the incredible market opportunity before us, building upon the company's impressive growth and industry position achieved via an innovative and proven approach to enterprise services," said Steve King. "The company is in an enviable position and I am eager to build on its success."
About Virtela
Virtela Communications Inc. delivers award-winning network and security solutions to many of the world's largest and fastest-growing multinational companies. Currently serving customers across six continents, Virtela's network reach spans more than 190 countries. Virtela's unique Global Service Fabric(SM) offers the foundation for delivering critical applications via the company's acclaimed service methodology, with a services suite that includes MPLS- and IP-based virtual private networks (VPNs), security services, remote monitoring and management of WAN/LAN infrastructure, and converged services (data, video, voice).
Virtela is headquartered in Denver, Colorado, with a second Network Operations Center in Mumbai, India. Virtela is a member of Juniper Networks' Managed Network Solutions Preferred Alliance Program. For more information, please call +1 (720) 475-4000 or visit http://www.virtela.com/.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080513/LATU034 PRN Photo Desk, photodesk@prnewswire.com
Virtela
CONTACT: Jane Morrissey of Virtela Communications, office, +1-720-475-4012, mobile, +1-303-808-7671, jmorrissey@virtela.com
Web site: http://www.virtela.net/
Anything Brands Online, Inc. Launches Internet Super MallAnything Brands Online, Inc. through its Anything Super Mall website begins offering products that will greatly expand its market-reach for the sales of its goods and services.
TUCSON, Ariz., May 13 /PRNewswire-FirstCall/ -- Anything Brands Online, Inc. (Pink Sheets: ANYT) announces the launch of Anything Super Mall (http://www.anythingsupermall.com/) as its newest online marketplace just in time for the summer season. We have established a tradition and solid reputation at Anything RV Inc. that has resulted in a track record of success within the e-business environment. Anything Super Mall continues the tradition established by our flagship Anything RV Brand and we are proud to serve RV, transportation and other recreational markets with a variety of premium products including: audio, video, GPS, navigation, tire pressure monitoring and a full line of mobile electronics products and accessories and other lifestyle products.
Anything Super Mall was designed to offer consumers a shopping experience that is both efficient and friendly presenting its product offerings by major category. We have taken what we believe to be the best, most interesting, the safest and the most essential items and presented them in a manner that is easy to find, simple to learn about and secure to order. At Anything Super Mall, we guarantee customer satisfaction bringing consumers the best possible deal for their purchases. We are committed to featuring 'cutting-edge' products and services that consistently deliver high-quality, direct from the manufacturer to the customer at competitive pricing. It is our mission to provide a convenient, one-stop source with an unsurpassed dedication to quality and customer service.
According to Ms. Jean Morgan, President of Anything Brands Online, Inc., "The addition of our Anything Super Mall online marketplace is another example and continues our tradition of offering premium on-line websites that showcase products and provide our shoppers with one-stop shopping experiences. We recognize that buyers have many choices when selecting products online and we strive to make their shopping experience as friendly and straightforward as possible."
About Anything Brands Online, Inc.
Anything Brands Online, Inc. is a leader in the consumer and general recreational vehicle and transportation markets and its products serve RV, trucking, marine, outdoor recreation, automotive, commercial and OEM applications. For more information, visit http://www.anythingbrandsonline.com/ or contact the Investor Relations department at 520-742-1890.
Anything Brands Online, Inc.
CONTACT: Investor Relations of Anything Brands Online, Inc., +1-520-742-1890
Web site: http://www.anythingbrandsonline.com/ http://www.anythingsupermall.com/
CCID Consulting: How Far Can China's IT Enterprises' Global Olympic Strategy Go?
BEIJING, May 13 /Xinhua-PRNewswire/ -- CCID Consulting, China's leading research, consulting and IT outsourcing service provider, and the first Chinese consulting firm listed in Hong Kong , recently released its article on China's IT enterprises' global Olympic strategy.
At the end of December 2007, China's first International Olympic Committee's global cooperative TOP partner, Lenovo, announced it will exit the Olympic cooperative plan after 2008. Acer will take Lenovo's place. What's more, the competition between Acer and Lenovo is heating up in global PC market. Since Lenovo is quitting, China's sponsor enterprises are calmly examining the challenges and opportunities they face.
Taking a wide view of Olympic global cooperative partner list in the last twenty years, TOP sponsors were constantly changing. We consider four years as a cycle. From 1997 to 2000, the TOP 4 of Olympic cooperative partners are Xerox, IBM and Samsung; the TOP 5 are Panasonic and Samsung; the TOP 6 are Lenovo, Panasonic and Samsung; the Olympic cooperative partners in the IT field, such as Acer, Panasonic and Samsung after 2009 are adjusting. We could summarize that there are three important factors to decide the persistence of IT enterprises' global Olympic strategy.
Enterprises' important clients' positioning
Consumer demands of the IT market have grown fast in the past five years, which is driving the development of market. For example, according to CCID Consulting's research, the sales volume of Lenovo's notebook computer in China's market accounts for 27.1% of its total sales volume in 2007, up 146.8% over 2006. The industrial users account for 72.9% of the total market, but its growth rate in 2007 is 32.6%. Because the professional IT product market is transferring to a consumer IT product market, facing the huge consumer customer group, IT enterprises' traditional industrial channel advantage is dilution. Individual users' consumption demand decides whether companies can sustainably develop, such as Lenovo.
Olympic spirit emphasizes containment and understanding of cultural differences. This core value has powerful containment capability and participation. Therefore, this platform guarantees its propagation influence. With Xerox and IBM after 2000, the former mostly faces enterprises; the latter carries through business transformation according to users' demands. However, the Olympic strategy doesn't fit their customer positioning, so they give up the TOP cooperation. Therefore, according to their customer positioning, Lenovo and Acer choose to be or not to be global cooperative TOP partners.
Enterprises' global brand strategy
Enterprises' Olympic strategies have to fall in line with their brand strategies. First of all, clear brand strategy should have clear core brand value, clear brand identity and philosophy, and seek to spread them.
In 2003, after Lenovo changed its logo, its core brand value became honesty, innovation, energy, quality and professional service. Both of the functions in core value or emotional appeal accord with Lenovo's market positioning. With Lenovo's overseas acquisition in 2005, the relationship between brand and products is the harmonious cooperation of one brand for several products (Lenovo's notebook computer, desktop, mobile phone) and one product for several brands (Lenovo and Thinkpad notebook). On the international market, Lenovo brand bears enterprise's image and product line. However, core brand value has not caught up with expansion, which is difficult to adapt internationalized demand.
Clear brand strategy should insist on core brand value. Around core brand value, brand recognition and philosophy include a series of visible and invisible carriers to compose enterprise brand recognition system, such as product spokespeople.
The essence of IT enterprises' Olympic strategies is to enhance their enterprise brand recognition system by means of the Olympic platform's integrated spread, marketing strategy and united coordination. On this platform, IT enterprises can attain not only brand awareness, but also customer recognition and loyalty.
Enterprises' investment returns
As for TOP qualifications, the income from Olympic tickets is not very high, but the Olympic Games will bring great investment return in four years. The Olympic Games is a global gathering but not a regional gathering. Besides the huge funds bestowed on the Olympic hosting country so as to insure advantages to local markets, enterprises should pay attention to the global market, especially new emerging markets and competitors' weak areas. Through the global operational platform enterprises will need to share overall Olympic investment. It is then possible for enterprises to gain investment return.
In fact, it is difficult to quantitatively evaluate enterprises' investment returns in a cooperative period, because factors which decide enterprises' growth and profit are too numerous and changing. Thus, IT enterprises should revise their global strategic goal in the next four years, carefully calculate market shares, put forward a quantitative index aimed at important strategic markets and carry out resources dynamic configuration according to index implementation results, when they join in TOP. It is a prerequisite to ensure the realization of strategic goals. Enterprises should rationally arrange resources so as to ensure a relatively continuous Olympic strategy.
The Beijing Olympic Games is coming soon, TOP game will continue, China's economic rise will provide Chinese enterprises with more opportunities to join TOP. Lenovo and Acer have many things in common: both of them are Chinese enterprises in the PC industry; both changed their logo during their development; both are seeking international development in the process of acquiring overseas business; both competed to enter the global PC Top 3; both are the TOP cooperative partners of Olympic Games.
About CCID Consulting
CCID Consulting Co., Ltd. (hereinafter known as CCID Consulting), the first Chinese consulting firm listed in the Growth Enterprise Market of the Stock Exchange (GEM) of Hong Kong (stock code: 8235.HK), is directly affiliate to China Center for Information Industry Development (hereinafter known as CCID Group). Headquartered in Beijing, CCID Consulting has so far set up branch offices in Shanghai, Guangzhou, Shenzhen, Wuhan and Chengdu, with over 300 professional consultants after many years of development. The company's business scope has covered over 200 large and medium-sized cities in China.
Based on major areas of competitiveness: industrial resources, information technology and data channels, CCID Consulting provides customers with public policy establishment, industry competitiveness upgrading, development strategy and planning, marketing strategy and research, HR management, IT programming and management. CCID Consulting's customers range from industrial users in electronics, telecommunications, energy, finance, automobile, to government departments at all levels and diversified industrial parks. CCID Consulting commits itself to becoming the No. 1 advisor for enterprise management, the No. 1 consultancy for government decisions and the No. 1 brand for informatization consulting.
For more information, please contact:
Cynthia Liu
Coordinating Manager
CCID Consulting Co., Ltd.
Tel: +86-10-8855-9080
Email: liuyan@ccidconsulting.com
CCID Consulting Co., Ltd.
CONTACT: Cynthia Liu, Coordinating Manager of CCID Consulting Co., Ltd., +86-10-8855-9080, or liuyan@ccidconsulting.com, of CCID Consulting Co., Ltd.
Verizon Wireless Activates New Cell Site in Clark County, Ohio
LONDON, Ohio, May 13 /PRNewswire/ -- Verizon Wireless, the wireless company with the highest customer loyalty, has activated a new cell site in Clark County that improves coverage along U.S. Route 42 between London and Cedarville.
With the improved network coverage, more customers can use their wireless phones to make calls; send and receive email and text, picture and video messages; download music, games and ringtones; and view high-quality videos while enjoying clearer reception and fewer dropped calls.
"Network reliability is the No. 1 reason that customers choose and stay with Verizon Wireless," said Roger Tang, president - Ohio/Pennsylvania/West Virginia region, Verizon Wireless. "Getting through on the first try and maintaining a connection are important to our customers. We continue to optimize our network so that it remains the most reliable in the nation."
This new cell site is part of Verizon Wireless' continual effort to expand coverage, increase capacity and enhance the quality of its wireless voice and data network in Ohio and throughout the country. Verizon Wireless has invested more than $45 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services. Last year, the company invested nearly $190 million in its Ohio network improvements.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/ . To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Laura Merritt of Verizon Wireless, +1-614-560-2605, laura.merritt@verizonwireless.com; or Laura Deaton for Verizon Wireless, +1-513-271-7222 ext. 15, ldeaton@wordsworthweb.com
Web site: http://www.verizonwireless.com/
RealEstate.com Wins National Award
CHARLOTTE, N.C., May 13 /PRNewswire/ -- RealEstate.com was named a Gold Winner by 2008 Hermes Creative Awards for its overall Web site, http://www.realestate.com/. RealEstate.com is the nation's leading online destination dedicated to helping data hungry house hunters find comprehensive national real estate information in their neighborhood and across the U.S.
RealEstate.com's Web site was one of more than 4,000 entries in 136 categories in the 2008 Hermes Creative Awards competition. The event is administered and judged by industry professionals from the Association of Marketing and Communications Professionals who look for companies whose talent exceeds a high standard of excellence and whose work serves as a benchmark for the industry. 2008 Hermes Creative Awards winners can be seen here: http://www.hermesawards.com/.
"We're extremely excited for our Web site to be a Gold Winner at this year's Hermes Creative Awards competition," says Bret Violette, president of RealEstate.com. "We've put a lot of blood, sweat and tears into making RealEstate.com the top online real estate destination for millions of Americans and this honor certainly proves that all of our hard work is paying off."
The RealEstate.com Web site is the gateway for national real estate shoppers looking for a rich database of homes for sale, comprehensive property values or a connection with a top-notch real estate professional anywhere in the U.S. The Web site has recently undergone a series of enhancements including adding detailed neighborhood information for more than 22,000 cities nationwide, the addition of Google Maps Street View(TM) imagery, as well as home values for more than 97 million properties around the country. Additional innovations will be integrated throughout the year ensuring RealEstate.com remains the most helpful location on the Web for those interested in buying, selling or researching real estate.
For more information about RealEstate.com and to test drive this award winning Web site, please visit http://www.realestate.com/.
About RealEstate.com
RealEstate.com gives consumers a better way to buy or sell a home through a comprehensive suite of real estate services, tools and helpful advice as they progress through their home buying or selling process. The site provides access to nearly 2 million home listings, 97 million home values and a unique deep-dive view into more than 22,000 cities across the US (100% US city coverage).
In addition to the RealEstate.com portal, the company operates five distinct business lines including RealEstate.com, REALTORS(R), a company-owned real estate brokerage that operates in 14 markets with more than 900 sales agents; a Broker Network, a strategic lead generation program for real estate brokers that provides them with incremental, targeted, and high-quality leads; iNest, a lead generator that specializes in newly-constructed homes and offers consumers an exclusive cash bonus program; Domania, a provider or innovative customer acquisition and retention products for banks, mortgage lenders and REALTORS(R); and also, a network of geo-targeted advertising opportunities throughout the RealEstate.com portal.
RealEstate.com is an operating company of IAC .
RealEstate.com
CONTACT: Allison Vail of RealEstate.com, +1-704-943-8339, Allison.vail@realestate.com
Web site: http://www.realestate.com/ http://www.hermesawards.com/
Oracle Buys AdminServerExpands Oracle's Applications Drive into Insurance
REDWOOD SHORES, Calif., May 13 /PRNewswire-FirstCall/ -- Oracle announced today that it has agreed to acquire AdminServer, a rapidly growing provider of insurance policy administration software. AdminServer's product offering will become a core component of Oracle's existing insurance industry software that is used by more than one thousand insurers, including 20 of the top 20 global insurance companies.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
The AdminServer product line will significantly accelerate Oracle's investment in the insurance industry and be complemented by Oracle's existing insurance products such as Oracle Billing, Siebel Claims and Siebel CRM for Insurance.
The combination of Oracle and AdminServer will result in a comprehensive, end-to-end insurance policy management solution that can manage multiple insurance product lines such as life, annuities and reinsurance. Additionally, AdminServer's management and employees will form a dedicated global business unit within Oracle, which will focus on providing critical operational applications to the insurance industry. AdminServer's CEO Rick Connors is expected to lead the business unit as General Manager.
"Most insurers still rely on legacy policy administration applications that are extremely inflexible and impede enterprise agility and efficiency," said Oracle President Charles Phillips. "Together, Oracle and AdminServer plan to deliver the most modern, comprehensive, standards-based and well-integrated enterprise software suite for the insurance industry."
"To meet their growth and profitability goals, insurers need flexible software systems that can effectively support new product introductions, sales channel diversity and cost reduction," said AdminServer President and CEO Rick Connors. "We expect our combined solutions will deliver insurers greater business insight and increased customer loyalty."
The transaction is expected to close in the first half of 2008. Until the deal closes, each company will continue to operate independently. Financial details of the transaction were not disclosed. More information is available at http://www.oracle.com/adminserver.
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
This document is for informational purposes only and may not be incorporated into a contract.
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Oracle
CONTACT: Kevin Ruane of Oracle, +1-650-506-6610, kevin.ruane@oracle.com
Web site: http://www.oracle.com/
City of Kent Improves Efficiency and Strengthens Disaster Recovery Preparation With Oracle Content Management SoftwareVarious City Departments Use Oracle(R) Imaging and Process Management to Manage More than 500,000 Documents
REDWOOD SHORES, Calif., May 13 /PRNewswire-FirstCall/ --
-- Oracle today announced that the City of Kent, Wash., is using Oracle(R)
Imaging and Process Management, a component of Oracle Fusion
Middleware, in conjunction with Oracle Applications and Oracle
Database, to improve information processing, management, retention and
disposition across multiple departments within the city.
-- Oracle's software provides the City of Kent a centralized, integrated
digital platform for content storage, retrieval and workflow
functionality, which helps improve disaster recovery capabilities,
reduce the physical space required to maintain paper files and increase
departmental efficiency by consolidating manual and redundant filing
systems.
-- The City of Kent, with a population of more than 86,000, is comprised
of several departments, each with its own business processes, data
retrieval requirements and records. Previously the city managed data
with a solution that could not scale to meet its growing needs and
restricted the flow of information between departments. As a result,
city employees were spending valuable time tracking down documents that
resided in other departments' files.
-- For example, many of the police department's detectives worked across a
parking lot from the physical case files, so every time they needed to
access files they had to walk across the lot, find the physical files
and walk back to their office to continue their work. Using Oracle
Imaging and Process Management, those files are now accessible and
easily searchable right at the detectives' desktops.
-- The City of Kent partnered with ImageSource, a member of the Oracle
PartnerNetwork, to integrate Oracle Imaging and Process Management with
Oracle Database, Oracle's JD Edwards EnterpriseOne and several third-
party applications.
-- Prior to implementing the Oracle content management software, the
city's lack of a central document repository was a strain on physical
resources and a security and disaster recovery risk, as employees
generated multiple copies of a single document and stored it in various
departments' filing cabinets across city offices. Documents, such as
permits, often required signatures from multiple city departments. In
many cases, each department signed the document and kept a copy in a
physical file within its office. This wasted valuable storage space as
city departments repeated this process for thousands of permits each
year, and it became a growing concern for the city, which has nearly
doubled in population in the last five years.
-- Further, by saving multiple copies of individual documents, there was
the potential for confusion about which version was the official
document. Using Oracle software, the City of Kent eliminated its
offsite document storage and secured its official documents and records
against disaster through multiple electronic backups. The city's
electronic document repository is recognized and approved by the State
of Washington as the city's primary repository.
-- Oracle Imaging and Process Management's seamless integration with
Oracle's JD Edwards EnterpriseOne and third-party applications provides
the City of Kent with an image-enabled enterprise resource planning
(ERP) system. As a result, the city has streamlined its accounts
payable and accounts receivable processes, which helps increase
accuracy and reduce the overall costs associated with maintaining and
providing access to information regarding the city's economic
performance.
-- Based on the City of Kent's use of Oracle Fusion Middleware with Oracle
Applications to increase its capacity for growth and change, as well as
to empower users for more productive interactions, Oracle recently
selected the city to receive a 2007 Oracle Excellence Award.
Supporting Quote
-- "With the Oracle system in place, it is much easier for our employees
to share and access information. We also freed up significant space in
our offices. The public works department alone was able to empty 10
large filing cabinets. As the City of Kent continues to grow, we can
put that room to use instead of building new offices to house employees
and files," said James McKenney, senior system analyst for the City of
Kent.
Supporting Resources
Analyst Reports
Independent Analyst Reports on Oracle Enterprise Content Management http://www.oracle.com/corporate/analyst/reports/infrastructure/index.html#ocs
Related Press Releases
Oracle Strengthens Content Security, Enhances Content Management Platform http://www.oracle.com/corporate/press/2008_mar/contentmanagementenhance.html?r ssid=rss_ocom_pr
Related Articles
InfoWorld 2008 Technology of the Year Awards
http://www.infoworld.com/archives/t.jsp?N=s&V=94327
Controlling the Content Evolution
http://www.oracle.com/technology/oramag/oracle/07-nov/o67content.html
Oracle Expert Blogs
Billy Cripe -- Oracle Fusion ECM
http://blogs.oracle.com/fusionecm/
Related Resources
Download Oracle Software
http://www.oracle.com/technology/software/index.html
Terms, conditions and restrictions apply.
About Oracle Content Management
Oracle content management software is a unified enterprise content management platform that enables customers to leverage industry-leading document management, Web content management, digital asset management, and records management functionality to build their business applications. Building a strategic enterprise content management infrastructure for content and applications helps customers to reduce costs, easily share content across the enterprise, minimize risk, automate expensive, time-intensive and manual processes, and consolidate multiple Web sites onto a single platform. For more information about Oracle content management software, visit http://www.oracle.com/goto/contentmanagement.
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Oracle
CONTACT: Greg Lunsford, +1-650-506-6523, greg.lunsford@oracle.com, or Katie Barron, +1-703-364-2448, katie.barron@oracle.com, both of Oracle
Web site: http://www.oracle.com/
Ikanos Communications Executives to Present at Lehman Brothers Worldwide Wireless and Wireline Conference
FREMONT, Calif., May 13 /PRNewswire-FirstCall/ -- Ikanos Communications, Inc. , a leading provider of advanced broadband solutions for the digital home, today announced that members of its executive team are scheduled to present at Lehman Brothers Worldwide Wireless and Wireline Conference to be held at the Hilton Hotel in New York, New York on Thursday, May 29, 2008 at 3:00 p.m. Eastern Time. The live webcast and replay of Ikanos' presentation will be available on the investor relations page of the Ikanos Communications web site at http://ir.ikanos.com/.
About Ikanos Communications, Inc.
Ikanos Communications, Inc. is a leading provider of advanced broadband solutions for the digital home. The company's multi-mode VDSL2/ADSLx, network processor and other products power the access infrastructure and customer premises equipment for many of the world's leading network equipment manufacturers and telecommunications service providers. For more information, visit http://www.ikanos.com/.
(C) 2008 Ikanos Communications, Inc. All Rights Reserved. Ikanos Communications, Ikanos, the Ikanos logo, Ikanos Programmable Operating System, Arion, CleverConnect, Eagle, Fiber Fast, Fusiv, Fx, FxS, LoopNostics, Maximus, Palladia, RRA, SmartLeap and VLR are among the trademarks or registered trademarks of Ikanos.
Ikanos Communications, Inc.
CONTACT: Investor Relations, Bonnie Mott, +1-510-438-5360, bmott@ikanos.com, or Media Relations, Margo Westfall, +1-510-438-6276, mwestfall@ikanos.com, both of Ikanos Communications
Web site: http://www.ikanos.com/
StumbleUpon Announces New Content for StumbleVideoStumbleVideo now includes content from College Humor, Funny or Die, Vimeo, Dailymotion, veoh.com and vbs.tv.
SAN FRANCISCO, May 13 /PRNewswire/ -- StumbleUpon (http://www.stumbleupon.com/), one of the most popular ways to discover new Web sites and videos on the Internet, announces the addition of six new content providers to StumbleVideo (http://www.stumblevideo.com/), including: College Humor, Funny or Die, Vimeo, Dailymotion, veoh.com and vbs.tv. These six new sites are added to StumbleUpon's current list of content providers including YouTube, Google, MySpace and Metacafe.
Launched in December 2006, StumbleVideo discovers videos based on your interests, learns what you like and brings you more. Each video on StumbleVideo has been discovered and rated by StumbleUpon's fast growing community of 5 million users.
A recent study by comScore found that there were over 10 billion videos viewed online in February 2008; a 66% gain from February 2007. As the popularity of online video content continues to soar, users need a more engaging way to discover videos that are personally relevant to them. With StumbleVideo, users can easily channel surf the best rated videos that are suited to their interests -- directly within the StumbleVideo page.
"With so much video continuing to go online, people are moving away from their televisions for entertainment and looking to the Web," said Michael Buhr, general manager, StumbleUpon. "StumbleVideo provides a very simple and engaging way for StumbleUpon fans to experience and discover new video content."
StumbleUpon also delivers the engaging simplicity of online video discovery into the living room with a customized version of StumbleVideo for the Wii, Nintendo's acclaimed video game console. According to BusinessWeek, there are approximately 24.5M Wiis in the market today. Wii users simply need to open their browser to http://www.stumblevideo.com/ to be entertained.
Start discovering new videos with StumbleVideo by visiting http://www.stumblevideo.com/.
About StumbleUpon
StumbleUpon discovers Web sites based on your interests, learns what you like, and brings you more. With more than 5 million users and approximately 10 million stumbles daily, StumbleUpon is one of the most popular ways to discover great content on the Internet. The company was founded in 2001 and is based in San Francisco. eBay Inc. acquired StumbleUpon in May 2007. For more information, visit http://www.stumbleupon.com/.
StumbleUpon
CONTACT: Kristen Whisenand of OutCast Communications, +1-415-392-8282, kristen@outcastpr.com, for StumbleUpon
Web site: http://www.stumbleupon.com/ http://www.stumblevideo.com/
McAfee, Inc. to Present at JP Morgan Technology Conference
SANTA CLARA, Calif., May 13 /PRNewswire-FirstCall/ -- McAfee, Inc. today announced that Dave DeWalt, chief executive officer and president of McAfee, Inc., will discuss recent business performance and initiatives at the JP Morgan Technology Conference in Boston on Tuesday, May 20 at 9:20 a.m. EDT.
The presentation will be webcast live and a replay will be archived for two weeks on the McAfee investor relations Web site at http://investor.mcafee.com/. Investors interested in accessing the live webcast should go to the appropriate link listed above at least 10 minutes prior to the broadcast.
About McAfee, Inc.
McAfee, Inc., headquartered in Santa Clara, California, is the world's largest dedicated security technology company. It delivers proactive and proven solutions and services that secure systems and networks around the world, allowing users to browse and shop the Web securely. With its unmatched security expertise and commitment to innovation, McAfee empowers home users, businesses, the public sector and service providers by enabling them to comply with regulations, protect data, prevent disruptions, identify vulnerabilities and continuously monitor and improve their security. http://www.mcafee.com/.
McAfee, Inc. 3965 Freedom Circle, Santa Clara, CA 95054, 888.847.8766, http://www.mcafee.com/
McAfee and/or other noted McAfee related products contained herein are registered trademarks or trademarks of McAfee, Inc., and/or its affiliates in the US and/or other countries. McAfee Red in connection with security is distinctive of McAfee brand products. Any other non-McAfee related products, registered and/or unregistered trademarks contained herein is only by reference and are the sole property of their respective owners. (C) 2008 McAfee, Inc. All rights reserved.
McAfee, Inc.
CONTACT: Investors, Brandie Claborn, +1-972-987-2124, brandie_claborn@mcafee.com, or Media, Tracy Ross, +1-408-346-5965, tracy_ross@mcafee.com, both of McAfee, Inc.
Web site: http://www.mcafee.com/
Phonetime reports strong first quarter resultsRevenue of $36.5 million up 71% - Gross profit up 74%
MISSISSAUGA, ON, May 13 /PRNewswire-FirstCall/ -- Phonetime Inc. (TSX: PHD), a leading supplier of international long distance telecommunication products and services, announced today its financial results for the first quarter ended March 31, 2008. All figures are in Canadian currency.
Highlights of the First Quarter
- Revenue was $36.5 million, an increase of 71% over $21.3 million in
the first quarter of 2007.
- Gross profit was $4.9 million, up 74% over $2.8 million in Q1 2007.
- EBITDA (earnings before interest, taxes, depreciation, amortization
and stock compensation expenses) was $1.72 million compared to
$594,000 in the first quarter of 2007.
- Net income was $618,000 compared to a net loss of $364,000.
- Paid down $2.2 million debt related to Symphony acquisition.
- Completed an upgrade to network infrastructure.
- Processed approximately 1.5 billion minutes of long-distance calls.
Overview
"Phonetime set new record highs for revenue, income and performance in the first quarter, strongly validating our decision to focus on the wholesale sector and acquire Symphony to capitalize on the growth of emerging markets," said Wayne Silver, President of Phonetime Inc. "We are particularly pleased with the positive cash flow from operations of $2.2 million. In a period of hyper-growth that can cause cash flow challenges, we were able to rapidly pay down our debt and begin to solidify our financial position. As already evidenced by our preliminary results in the second quarter, we are continuing to build momentum through increased sales, profit, call volumes and new client/vendor relationships, and we expect these growth trends to continue throughout 2008."
Results for the First Quarter
Consolidated revenue for the first quarter was $36.5 million, an increase of 71% over $21.3 million generated in the first quarter of 2007. The increase is due to higher sales from the company's wholesale division, which included the full first quarter contribution of Symphony. Phonetime acquired Symphony, a South-Africa based provider of wholesale telecommunications long-distance services, in December 2007.
Gross profit margin for Q1 2008 was 13.4%, compared to 13.1% in the first quarter of 2007.
The net income for Q1 2008 was $618,000 or $0.006 per basic share, compared to a net loss of $364,000 or $0.004 per basic share in the first quarter of 2007. The growth was due to performance gains by the Company's wholesale division.
Phonetime's cash flow from operating activities in the first quarter 2008 was $2.2 million, compared to a negative cash flow of $523,000 in the first quarter of 2007. The improvement was attributable to increased performance of the wholesale division, including Symphony.
As a result of the Symphony acquisition, the company had a debt position of $1.9 million at the end of the quarter, compared to $2.8 million in cash and cash equivalents at the end of first quarter 2007. The debt, which was reduced by $2.2 million in the quarter, is expected to be eliminated by the end of 2009.
Financial Highlights
(000's except share data)
---------------------
Three Months Ended
(unaudited)
---------------------
March 31, March 31,
2008 2007
---------------------
Sales $ 36,495 $ 21,348
Gross profit $ 4,917 $ 2,814
Gross profit percentage 13.4% 13.1%
Net Income 619 (364)
Cash flow from operating activities 2,245 (522)
Cash and cash equivalents (1,910) 2,840
Total long term liabilities 4,611 5,289
Weighted average number of common shares basic 106.7 94.2
About Phonetime Inc.
Established in 1994, Phonetime is a leading supplier of international wholesale long distance telecommunications services to carriers of all sizes around the globe. Phonetime also competitively markets a range of pre-paid and subscription-based long distance products and services to individual consumers and businesses across Canada. Phonetime has operations on six continents, including facilities in Canada, Europe, Africa and South East Asia. In Canada, Phonetime operates one of the country's largest private networks with 40 Points-of-Presence available locally to 85% of the population. Phonetime is registered as a Class A International Carrier with the CRTC and whose stock is publicly traded on the Toronto Stock Exchange (TSX: PHD). More information may be found on the Company's website - http://www.phonetime.com/.
Caution Regarding Forward Looking Information:
This press release contains forward-looking statements within the meaning of securities laws, including the "safe harbour" provisions of the Ontario Securities Act and the United States Private Securities Litigation Reform Act of 1995. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "intend", "forecast", "target", "project", "may", "will", "should", "could", "estimate", "predict" or similar words suggesting future outcomes or language suggesting an outlook.
Forward-looking statements and information are based on current beliefs as well as assumptions made by and information currently available to Phonetime concerning anticipated financial performance, business prospects, strategies and regulatory developments. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to: incorrect assessments of value when making acquisitions; increases in debt service charges; fluctuations in foreign currency and exchange rates; inadequate insurance coverage; changes in tax laws; and Phonetime's ability to access external sources of debt and equity capital.
The foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Furthermore, the forward-looking statements contained in this press release are made as of the date of this press release, and Phonetime does not undertake any obligation to up-date publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
Phonetime Inc.
CONTACT: Ian Hochberg, Director, Phonetime Inc., (416) 505-4382, ian@phonetime.com; Wayne Silver, President & CEO, (905) 361-8304, wayne@phonetime.com; Rodney Franklin, Chairman & CFO, (905) 361-8305, rodney@phonetime.com
Yucheng Technologies to Participate in Upcoming Investor Events
BEIJING, May 13 /Xinhua-PRNewswire-FirstCall/ -- Yucheng Technologies Limited , a leading provider of IT solutions and services to China's banking industry, today announced that it will participate in the following investor events:
Roth Capital Partners 3rd Annual China Discovery Tour
Event: Corporate presentation and one-on-one meetings
Time: May 19th, 2008
Location: The Regent Hotel, Beijing, China
Speaker: Remington Hu, Chief Financial Officer
Brean Murray, Carret & Co. All- Cap All-China Conference
Event: Corporate presentation and one-on-one meetings
Time: May 20th, 2008
Location: The Waldorf Astoria, New York City, USA
Speaker: Remington Hu, Chief Financial Officer
Oppenheimer & Co. Inc 2nd Annual China Dragon Call Conference
Event: Corporate presentation and one-on-one meetings
Time: May 20th, 2008
Location: Oppenheimer Executive Conference Center, 300 Madison Avenue,
New York City, USA
Speaker: Remington Hu, Chief Financial Officer
About Yucheng Technologies Limited
Yucheng Technologies Limited (YTEC) is a leading IT service provider to the Chinese banking industry. Headquartered in Beijing, China, Yucheng has more than 1,700 employees and has established an extensive footprint to serve its banking clients nationwide, with subsidiaries and representative offices in fourteen cities. Yucheng provides a comprehensive suite of IT solutions and services to Chinese banks including 1) channel-related IT solutions, such as web banking and call centers, 2) business-related processing solutions, such as core banking systems, foreign exchange and treasury management, and 3) management-related IT solutions, such as risk analytics and business intelligence. It is also a leading third party provider of POS merchant acquiring services in partnership with banks in China.
Safe Harbor Statement
This press release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "project" or "continue" or the negative thereof or other similar words. Such forward-looking statements, based upon the current beliefs and expectations of Yucheng's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: current dependence on the PRC banking industry demand for the products and services of Yucheng; competition from other service providers in the PRC and international consulting firms; the ability to update and expand product and service offerings; retention and hiring of qualified employees; protection of intellectual property; creating and maintaining quality product offerings; operating a business in the PRC with its changing economic and regulatory environment; and the other relevant risks detailed in Yucheng filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Yucheng assumes no obligation to update the information contained in this press release.
For further information, please contact:
In Beijing, China
Ms. Yvonne Young
Investor Relations
Tel: +86-10-6442-0533
Email: investors@yuchengtech.com
In the U.S.A.
Mr. Jim Preissler
Advisor, Investor Relations
Tel: +1-646-383-4832
Email: jpreissler@yuchengtech.com
Yucheng Technologies Limited
CONTACT: In Beijing, China, Ms. Yvonne Young, Investor Relations, +86- 10-6442-0533, or investors@yuchengtech.com, or in the U.S.A., Mr. Jim Preissler, Advisor, Investor Relations, +1-646-383-4832, or jpreissler@yuchengtech.com, both of YTEC
Wonder Auto Technology to Present at the ROTH 3rd Annual China Discovery Tour
JINZHOU CITY, Liaoning, China, May 13 /Xinhua-PRNewswire-FirstCall/ -- Wonder Auto Technology, Inc. ("Wonder Auto" or the "Company"), a leading manufacturer of automotive electrical and suspension parts in China, today announced that it will make a presentation at the ROTH 3rd Annual China Discovery Tour on Monday, May 19, 2008 in Beijing.
The Company's presentation will be at 8:00 AM at The Regent Beijing hotel in the Diamond One room. Management is available with investors for one-on-one meetings arranged during the day as well.
Representing Wonder Auto at the conference will be Mr. Qingjie Zhao, Wonder Auto's CEO and Chairman, Mr. Meirong Yuan, Chief Financial Officer, Miss Lydia Zhao, Assistant CFO and Mr. Yuechun Xie, Investor Relations Manager.
About Wonder Auto
Based in Jinzhou City, Liaoning, China, Wonder Auto Technology, Inc., through its Chinese subsidiaries, designs, develops, manufactures and sells automotive electrical parts and suspension products. Wonder Auto was ranked second in sales revenue in the China market for automotive alternator and starter in 2006. With respective 5 different series and over 150 models of alternators, 70 models of starters and various suspension related parts, the Company supplies to a wide range of automakers, engine producers and auto parts suppliers both in domestic China and overseas. Wonder Auto's main customers include Beijing Hyundai Motor Company, Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., Ltd., Harbin Dongan Automotive Engine Manufacturing Co., Ltd., and Tianjin FAW Xiali Automotive Co., Ltd. For more information, please log on to http://www.watg.cn/
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, those concerning our goal for net income growth as well as all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to new and existing products, product defects and any related product recall; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China; any statements of belief or intention; any of the factors and risks mentioned in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2007 and any subsequent SEC filings. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.
For further information, please contact:
Yuechun Xie
Investor Relations Manager
Wonder Auto Technology, Inc.
Tel: +86-800-890-2696
Tel: +86-416-266-1186
Email: ycxie@watg.cn
Kevin Theiss
Investor Relations
The Global Consulting Group
Tel: +1-646-284-9409
Email: ktheiss@hfgcg.com
Stacy Dimakakos
Media Relations
The Global Consulting Group
Tel: +1-646-284-9417
Email: sdimakakos@hfgcg.com
Wonder Auto Technology, Inc.
CONTACT: Yuechun Xie, Investor Relations Manager of Wonder Auto Technology, Inc., +86-800-890-2696 or +86-416-266-1186, or ycxie@watg.cn; or Kevin Theiss, Investor Relations, +1-646-284-9409, or ktheiss@hfgcg.com, or Stacy Dimakakos, Media Relations, +1-646-284-9417, or sdimakakos@hfgcg.com, both of The Global Consulting Group for WATG
Web Site: http://www.watg.cn/
KEMET Reports Preliminary Results of Fiscal Year 2008 and 4th Quarter-- Net sales for fiscal 2008 were $850 million, up 29% over fiscal 2007-- Net income for fiscal 2008 before special charges was $19.8 million, or $0.24 per share-- Net sales for the 4th quarter were $241.2 million, up 5% over the previous quarter
GREENVILLE, S.C., May 13 /PRNewswire-FirstCall/ -- KEMET Corporation today reported preliminary results for fiscal year 2008 and the fourth quarter ended March 31, 2008. Net sales for the quarter ended March 31, 2008, were $241.2 million, which is a 53.5% increase over the same quarter last year and 5.5% higher than the prior quarter. Net loss before special charges was $(2.0) million, or $(0.02) per share, compared to net income before special charges last quarter of $3.9 million, or $0.05 per share, and net income before special charges of $8.3 million, or $0.10 per share, for the same quarter last year. On a GAAP basis, net loss was $(20.7) million, or $(0.25) per share for the current quarter, compared to net loss of $(8.2) million for the prior quarter and net income of $0.1 million for the same quarter last year. KEMET reports results before special charges because the results offer an alternative depiction of normal operations. Comparisons to prior periods are as follows:
Fiscal Quarters Ended Fiscal Years Ended
Mar 2008 Dec 2007 Mar 2007 Mar 2008 Mar 2007
(In Millions, Except Per Share Data)
Net sales $241.2 $228.7 $157.1 $850.1 $658.7
Before special charges
(non-GAAP)
Net income (loss) $(2.0) $3.9 $8.3 $19.8 $42.7
Net income (loss) per
basic and diluted share (0.02) 0.05 0.10 0.24 0.50
After special charges
(GAAP)
Net income (loss) $(20.7) $(8.2) $0.1 $(17.8) $6.9
Net income (loss) per
basic and diluted share (0.25) (0.10) - (0.21) 0.08
"Fiscal 2008 revenue grew 29% over fiscal 2007 as a result of our acquisition strategy and growth in our core business," stated Per Loof, Chief Executive Officer. "Revenue in the March 2008 quarter was up 5% over the December 2007 quarter. Increased shipments, particularly to the U.S. and European markets, were the drivers behind our improved revenue performance. Book to bill was positive and end market demand was relatively strong in the quarter, particularly in the European automotive and U.S. and European industrial markets. We are now approaching our sales objective of $1 billion annually, as presented in our plan three years ago; however, the bottom-line is not where it needs to be."
"Consistent with others in the industry, we are experiencing margin pressures as the macro-economic environment continues to be challenging. Raw material price increases and higher fuel costs put additional strains on margins. To address margin pressure, we initiated a number of cost reduction initiatives during the quarter. We are confident of an improvement to our operating performance as a result of these initiatives. Our Arcotronics business experienced unanticipated work stoppages in connection with labor strikes in Italy. This delayed our integration efforts, and resulted in a negative impact on margins. However, I am pleased to report that we have now come to an agreement with the unions that will allow us to move forward quickly with our integration activities and the movement of production to lower cost regions. These planned moves and consolidations will commence in the near future."
"We continue to be very pleased with our integration efforts at Evox Rifa, which turned in above target performance for the entire fiscal year. Because Arcotronics has taken longer to integrate, we have not been able to achieve the benefits of the planned synergies between Arcotronics and Evox Rifa as quickly as projected. With the labor and union issues concerning the Arcotronics integration finally behind us, our current focus is now on cutting costs and achieving the planned synergies."
"We believe we have addressed the challenges presented during this quarter effectively, and will be relentless in our focus to improve the future operating performance of KEMET."
KEMET's common stock is listed on the New York Stock Exchange under the symbol KEM. At the Investor Relations section of our web site at http://www.kemet.com/IR , users may subscribe to KEMET news releases and find additional information about our Company.
OUR BUSINESS
The following statements are based on current expectations. These statements may contain forward-looking information, and consequently actual results may differ materially. Current global economic conditions make it particularly difficult at present to predict product demand and other related matters. In addition, as part of our normal year-end review, we are engaged in an analysis of our business in order to determine whether any impairment charges should be taken. This analysis is ongoing and not yet completed.
-- Net sales for the March 2008 quarter were $106.8 million for the Tantalum Business Group, $57.9 million for the Ceramic Business Group and $76.5 million for the Film and Electrolytic Business Group.
-- By region, 25.7% of net sales for the March 2008 quarter were to customers in the Americas, 32.7% were to customers in Asia Pacific and 41.6% were to customers in Europe.
-- By channel, 48.1% of net sales for the March 2008 quarter were to distribution customers, 36.4% were to Original Equipment Manufacturing ("OEM") customers and 15.5% were to Electronics Manufacturing Services ("EMS") customers. Average selling prices for the March 2008 quarter, adjusted for changes in product mix, were basically flat over the prior quarter.
-- Cash and cash equivalents decreased $45.9 million to $93.7 million during the quarter ended March 31, 2008, from $139.6 million at December 31, 2007. The decrease was primarily due to $18.2 million used to repurchase 3.7 million outstanding shares of KEMET's common stock, approximately $15.8 million for restructuring and severance payments and $9.1 million for capital expenditures.
-- During the March 2008 quarter, inventories increased $22.2 million to $244.2 million from $222.0 million at December 31, 2007. Raw materials and supplies increased $9.3 million in the March 2008 quarter, and work in process and finished goods increased $12.9 million.
Fiscal Quarters Ended Fiscal Years Ended
Mar Dec Sep Jun Mar Mar Mar
2008 2007 2007 2007 2008 2007 2006
(In Millions)
Raw materials and
supplies $ 98.7 $ 89.4 $ 73.0 $ 76.5 $ 98.7 $ 54.6 $ 45.7
Work in process
and finished goods 145.5 132.6 98.2 107.6 145.5 99.3 79.4
Total inventory $244.2 $222.0 $171.2 $184.1 $244.2 $153.9 $125.1
-- Capital expenditures for the March 2008 quarter were $9.1 million. Depreciation and amortization expense in the quarter was $11.1 million. We anticipate capital expenditures to be within a range of $40 to $45 million for fiscal year 2009.
Fiscal Quarters Ended Fiscal Years Ended
Mar Dec Sep Jun Mar Mar Mar
2008 2007 2007 2007 2008 2007 2006
(In Millions)
Capital expenditures $9.1 $11.6 $15.8 $9.1 $45.6 $28.7 $ 22.8
-- Operating expenses for the March 2008 quarter increased $2.1 million to $38.8 million primarily due to increased integration costs associated with our recent acquisitions and the inclusion of a full quarter of Arcotronics' operating expense compared to a partial December 2007 quarter.
Fiscal Quarters Ended Fiscal Years Ended
Mar Dec Sep Jun Mar Mar Mar
2008 2007 2007 2007 2008 2007 2006
(In Millions)
Selling, general &
administrative $29.0 $28.1 $20.2 $21.8 $99.0 $89.4 $49.7
Research and
development 9.8 8.6 8.2 9.1 35.7 33.4 26.0
-- Special charges for the quarter were primarily related to manufacturing moves to low-cost regions of Mexico and China, and a global reduction in workforce, both of which are designed to reduce our costs and further capitalize on Lean Manufacturing initiatives.
Summary of special charges:
Fourth Quarter Fiscal Year
Ended Ended
March 31, 2008 March 31, 2008
(In Millions)
Manufacturing relocations $3.0 $8.2
Reduction in workforce 11.0 17.1
Impairment charge 2.0 4.2
Total restructuring
and impairment charges 16.0 29.5
Other non-cash income
tax expense - 2.8
Other non-cash
acquisition expense 0.9 0.9 (included in Cost of sales)
Business acquisition
integration costs 1.8 4.4 (included in SG&A)
Total special charges $ 18.7 $37.6
QUIET PERIOD
Beginning July 1, 2008, we will observe a quiet period during which the information provided in this news release and our annual report on Form 10-K will no longer constitute our current expectations. During the quiet period, this information should be considered to be historical, applying prior to the quiet period only and not subject to update by management. The quiet period will extend until the day when our next quarterly earnings release is published.
This release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. We intend that these forward-looking statements be subject to the safe harbor created by that provision. These forward-looking statements involve risks and uncertainties and include, but are not limited to, statements regarding future events and our plans, goals, and objectives. Our actual results may differ materially from these statements. These risks, trends, and uncertainties, which in some instances are beyond our control, include: risks associated with the cyclical nature of the electronics industry, the requirement to continue to reduce the cost of our products, the competitiveness of our industry, cost increases of our raw materials, the location of several of our plants in international locations, and the possible loss of key employees. Although we believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be inaccurate. Therefore, we can give no assurance that the results contemplated in these forward-looking statements will be realized. The inclusion of this forward-looking information should not be regarded as a representation by our Company or any person that the future events, plans, or expectations contemplated by our Company will be achieved. Furthermore, past performance in operations and share price is not necessarily predictive of future performance.
Contact: David E. Gable
Executive Vice President and Chief Financial Officer
davidgable@KEMET.com
864-963-6484
KEMET CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in Thousands Except Per Share Data)
Unaudited
Fiscal Quarters Ended Fiscal Years Ended
March 31, March 31,
2008 2007 2008 2007
Summary of Operations:
Net sales $241,178 $157,078 $850,120 $658,714
Cost of sales 202,280 124,744 693,795 517,443
Selling, general and
administrative expenses 28,970 23,077 99,048 89,450
Research and development 9,813 9,418 35,699 33,385
Restructuring and
impairment charges 16,057 2,658 29,559 12,572
Operating income (loss) (15,942) (2,819) (7,981) 5,864
Interest expense 5,302 2,110 14,074 7,174
Interest income (1,030) (2,361) (6,061) (6,283)
Other (income) expense, net (1,570) (1,665) (4,412) (2,487)
Income (loss) before
income taxes (18,644) (903) (11,582) 7,460
Income tax expense (benefit) 2,056 (1,031) 6,226 563
Net income (loss) $(20,700) $128 $(17,808) $6,897
Net Income (Loss) Per
Share Data:
Net income (loss) per share:
Basic $(0.25) $- $(0.21) $0.08
Diluted (0.25) - (0.21) 0.08
KEMET CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in Thousands)
Unaudited
March 31, 2008 March 31, 2007
ASSETS
Cash and cash equivalents $93,749 $212,202
Accounts receivable, net 192,348 108,830
Inventories 244,208 153,868
Deferred income taxes 4,085 5,181
Other current assets 9,142 6,816
Total current assets 543,532 486,897
Property, plant and equipment, net 476,248 349,174
Assets held for sale 4,638 3,647
Long-term investments in marketable securities - 45,767
Goodwill 177,896 36,552
Intangible assets, net 35,786 14,260
Other assets 11,125 7,229
Total assets $1,249,225 $943,526
LIABILITIES AND STOCKHOLDERS' EQUITY
Current portion of long-term debt $101,387 $20,000
Accounts payable 132,374 70,799
Accrued expenses 59,625 49,777
Income taxes payable 3,029 7,225
Total current liabilities 296,415 147,801
Long-term debt 311,294 238,744
Other non-current obligations 80,130 19,587
Deferred income taxes 18,927 1,636
Common stock 882 882
Additional paid-in capital 323,359 321,059
Retained earnings 213,965 228,118
Accumulated other comprehensive income 65,447 30,418
Treasury stock, at cost (61,194) (44,719)
Total stockholders' equity 542,459 535,758
Total liabilities and
stockholders' equity $1,249,225 $943,526
KEMET Corporation
CONTACT: David E. Gable Executive Vice President and Chief Financial Officer of KEMET Corporation, +1-864-963-6484, davidgable@KEMET.com
Web site: http://www.kemet.com/
Canon Marketing Japan Deploys Salesforce.com's Mobile Solution to 1,100 UsersSoftware-as-a-Service enables business mobility for Canon Group companies
SAN FRANCISCO, May 13 /PRNewswire-FirstCall/ -- Salesforce.com , the market and technology leader in Software-as-a-Service and Platform-as-a-Service, today announced that Canon Marketing Japan, Inc. (hereafter Canon MJ) has deployed salesforce.com's mobile solution to 1,100 users, dramatically streamlining and speeding up sales processes by enabling anytime, anywhere access to critical customer and company information.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO)
Canon MJ is one of the 41,000 companies of all sizes, industries and geographies that comprised the salesforce.com customer base as of January 31, 2008. Revenue and subscribers will be recognized as the service is delivered.
Thanks to salesforce.com's mobile solution, the Canon Group's 1,100 subscribers throughout Japan have complete visibility into the sales process and can confirm or update opportunities MJ and sales activities in their spare time from virtually anywhere without logging on to their laptops. Canon sees the number of mobile users growing as the company expands its Salesforce subscriber base to 4,000 by the end of the year.
Canon MJ had been using disparate SFA systems on a departmental basis since 2005. The company decided to consolidate its systems with Salesforce in October 2007, and selected salesforce.com's Software-as-a-Service because it could be implemented more rapidly than packaged software and because salesforce.com had a proven track record of customer success. Canon MJ integrated 22 different systems using Force.com Platform-as-a-Service. The company went live with its integrated Salesforce system in February 2007.
"Our sales organization is more efficient, we're moving a lot faster, and we don't carry around laptops anymore," said Hiroaki Sasaki, director of business solutions administration at Canon Marketing Japan Business Solutions Company. "We can do most of our work on a single handset anytime, anywhere."
Force.com Platform and the AppExchange
Force.com (http://www.force.com/) reinvents the traditional development, deployment and distribution of any business application with platform-as-a-service. Developers, customers and partners can use Force.com to easily create a new generation of on-demand applications and deploy them worldwide as a service. Force.com allows applications to be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange marketplace, enabling all the innovation that Force.com unleashes to be easily distributed to the entire on-demand community.
About salesforce.com
Salesforce.com is the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS). The company's portfolio of SaaS applications, including its award-winning CRM, available at http://www.salesforce.com/products/, has revolutionized the ways that customers manage and share business information over the Internet. The company's Force.com PaaS enables customers, developers and partners to build powerful on-demand applications that deliver the benefits of multi-tenancy across the enterprise. Applications built on the Force.com platform, available at http://www.force.com/, can be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange marketplace available at http://www.salesforce.com/appexchange/.
As of January 31, 2008, salesforce.com manages customer information for approximately 41,000 customers including ABN AMRO, Dow Jones Newswires, Japan Post, Kaiser Permanente, KONE, Sprint Nextel, and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO-SOFTWARE.
Copyright (c) 2008 salesforce.com, inc. All rights reserved. Salesforce and the "no software" logo are registered trademarks of salesforce.com, inc., and salesforce.com owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.
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salesforce.com
CONTACT: Katy Dormer of salesforce.com, +1-415-901-8595, kdormer@salesforce.com
Web site: http://www.salesforce.com/ http://www.force.com/
Sam Houston Electric Cooperative Implementing Oracle(R) Utilities Suite to Integrate Mission-Critical Systems and Enhance ServicesLeading Electricity Provider Uses Oracle Utilities Network Management System to Help Reduce Outage Duration and Deliver Superior Customer Service
REDWOOD SHORES, Calif., May 13 /PRNewswire-FirstCall/ --
-- Oracle today announced that Sam Houston Electric Cooperative, a
member-owned electricity provider based in Livingston, Texas, is
implementing the Oracle(R) Utilities application suite -- including
Oracle Utilities Network Management System, Oracle Utilities Mobile
Workforce Management, Oracle Utilities Customer Care and Billing and
Oracle Utilities Work and Asset Management -- to help improve
operational efficiency and control costs for its members.
-- Sam Houston Electric Cooperative ranks as one of the largest of the 66
electric cooperatives in Texas, maintaining over 6,000 miles of line
and serving more than 51,000 members. Because it is a not-for-profit
organization, the Cooperative maintains a very lean workforce and
relies on technology to help keep its costs low. In addition, its
rural service area requires Sam Houston Electric Cooperative's field
service representatives to travel more than two million miles on the
road each year. The utility needed an integrated application suite
that would help it to realize new efficiencies, lower costs, manage its
workforce more effectively and provide excellent customer service.
-- Sam Houston Electric Cooperative has already implemented an integrated
Oracle Utilities Network Management System and Oracle Utilities Mobile
Workforce Management solution in Phase 1 of the Oracle Utilities
product suite deployment. With Oracle Utilities Network Management
System, Sam Houston Electric Cooperative has reduced the duration of
outages and improved customer satisfaction by providing customers with
up-to-date and accurate information regarding outages and restoration
times. The Oracle Utilities Network Management System accepts
trouble-call input to identify probable outage locations and then the
system automatically notifies Oracle Utilities Mobile Workforce
Management so the Cooperative can immediately dispatch crews to restore
service.
-- Oracle Utilities Mobile Workforce Management has helped Sam Houston
Electric Cooperative improve route planning, as well as communication
between its operations and field personnel, mobilizing the right
technicians for each job to efficiently complete repair and maintenance
work.
-- Sam Houston Electric Cooperative is implementing Oracle Utilities
Customer Care and Billing to improve visibility into customer data,
allowing its customer service representatives to improve service and
reduce issue-resolution times. The integrated Oracle system is
expected to greatly reduce the flow of paperwork for Sam Houston
Electric Cooperative. The Cooperative will also use the application to
streamline bill printing and distribution.
-- The Cooperative will also implement Oracle Utilities Work and Asset
Management to gain a comprehensive view of its infrastructure assets to
more proactively plan maintenance and repair work thus enabling it to
reduce long-term repair costs.
Supporting Quotes
-- "Oracle is delivering a suite of applications that will provide the
integration capabilities we need to improve efficiency across our
organization and keep costs low for our members. The Oracle Utilities
application suite's ease of use, as well as Oracle's proven successes
with similar utilities organizations, were key factors in our selection
process. Oracle will enable us to continue operating with a lean
staff, while at the same time providing the excellent service our
members expect and deserve," said Kyle J. Kuntz, P.E., chief executive
officer, Sam Houston Electric Cooperative.
-- "Oracle provides utilities with an integrated application suite that
allows them to accelerate implementation, optimize performance and
maximize return on investment. We are pleased to work with Sam Houston
Electric Cooperative to help the organization leverage Oracle's
integration capabilities to improve efficiency, reduce manual processes
and paperwork, and keep costs low to meet customers' needs," said
Quentin Grady, senior vice president and general manager, Oracle
Utilities.
Supporting Resources
http://www.oracle.com/industries/utilities/index.html
http://www.oracle.com/industries/utilities/oracle-utilities-network- management.html
http://www.oracle.com/industries/utilities/oracle-utilities-mobile- workforce.html
http://www.oracle.com/industries/utilities/oracle-utilities-customer-care- billing.html
http://www.oracle.com/industries/utilities/oracle-utilities-work-asset- management.html
http://www.samhouston.net/
About Oracle Utilities
Oracle Utilities delivers the proven software applications that help utilities achieve competitive advantage, business performance excellence and a lower total cost of technology ownership. Oracle Utilities integrates industry-specific customer care and billing, network management, work and asset management, mobile workforce management and meter data management applications with the capabilities of Oracle's industry-leading enterprise applications, business intelligence tools, middleware and database technologies. Oracle Utilities enables its customers to adapt more nimbly to market deregulation, meet ever-evolving customer demands, and deliver on commitments to environmental conservation. For more information, visit http://www.oracle.com/industries/utilities.
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
Trademark
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
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Oracle
CONTACT: Caroline Yu of Oracle, +1-650-506-8920, caroline.yu@oracle.com; or Janice Hazen of O'Keeffe & Company, +1-770-938-4753, jhazen@okco.com, for Oracle
Web site: http://www.oracle.com/
Visage Mobile Announces MobilityCentral for BlackBerry SmartphonesOn-demand enterprise software solution for monitoring and managing the BlackBerry solution and related wireless services
ORLANDO, Fla., May 13 /PRNewswire/ -- Wireless Enterprise Symposium 2008 -- Visage Mobile, based in San Francisco, today announced MobilityCentral for the BlackBerry(R) solution, an on-demand software solution for enterprises seeking a better way to monitor and manage their portfolio of mobility assets and related services from wireless carriers. MobilityCentral is a complementary offering to the BlackBerry(R) Enterprise Server from Research in Motion (RIM) (Nasdaq: RIMM; TSX: RIM). Mobility managers can use MobilityCentral to engage end-users, business managers and other key stakeholders in delivering world-class service and optimizing their company's investment in enterprise mobility.
MobilityCentral provides a broad suite of functionality that includes employee self-service, manager dashboards, inventory management, policy and compliance, wireless expense management and more. Visage Mobile has enhanced this functionality by making BlackBerry solution-specific enhancements to the software that accelerates implementation and improves ongoing management of enterprise mobility for small, medium and large businesses.
"For the majority of enterprises, BlackBerry is synonymous with enterprise mobility," said Dean Alms, general manager of Visage Mobile's enterprise mobility business. "We are excited about the opportunity to tailor our MobilityCentral platform for enterprises using BlackBerry smartphones."
Visage Mobile is a member of the BlackBerry(R) Independent Software Vendor (ISV) Alliance Program.
Visage Mobile is demonstrating MobilityCentral for the BlackBerry solution at the Wireless Enterprise Symposium 2008 conference in Orlando from May 13-15, 2008 in booth #323.
About Visage Mobile
Visage Mobile is a leading provider of on-demand communications management solutions to enterprises and telecom service providers. Visage's MobilityCentral platform brings visibility and control to the complex and fragmented world of enterprise mobility, while the proven Visage Subscriber Management Platform provides telecom operators with management of prepaid and postpaid subscribers through the entire customer lifecycle. Founded in 2001, Visage Mobile has been recognized as a Red Herring 100 winner and an IDC Ten Emerging Wireless Players to Watch. Additional information is available at http://www.visagemobile.com/.
The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited.
Visage Mobile
CONTACT: Donnelle Koselka of Visage Mobile, +1-949-690-8284, dkoselka@visagemobile.com
Web site: http://www.visagemobile.com/
Seagate Secure(TM) Self-Encrypting Laptop Hard Drives Earn National Security Agency Qualification for National Security SystemsSeagate(R) Full Disc Encryption hard drives meet high standard for securing government data
SCOTTS VALLEY, Calif., May 13 /PRNewswire-FirstCall/ -- Seagate Technology today announced that the National Security Agency (NSA) has qualified the Momentus(R) 5400 FDE.2 hard drive, the storage industry's landmark self-encrypting laptop PC hard drive, for use in laptops and other computers deployed by U.S. government agencies and contractors for national security purposes.
With the NSA qualification, the Momentus 5400 FDE.2 hard drive meets one of the highest standards for securing sensitive information -- the National Security Telecommunications and Information Systems Security Policy (NSTISSP) #11. NSTISSP #11 defines requirements for a wide variety of products that "satisfy a diversity of security requirements to include providing confidentiality for data, as well as authenticating the identities of individuals or organizations exchanging sensitive information."*
"The National Security Agency's qualification of the Momentus 5400 FDE.2 hard drive for U.S. government buy lists bears undeniable witness to the tremendous strength of the Seagate Secure(TM) portfolio of self-encrypting disk drives in protecting sensitive information for government, private enterprises and consumers alike," said Tom Major, vice president of Seagate's Personal Storage Business Unit. "With the soaring popularity of mobile computing worldwide, organizations and consumers need a simple, affordable way to secure consumer records, intellectual property and other sensitive information stored on mobile devices."
Lost or stolen mobile devices can cost companies millions of dollars in compromised intellectual property, lost business because of reputation damage, and remedies for violations of data privacy legislation, as well as expose consumers to the high risk of identity theft. According to a 2007 study** of U.S. organizations by The Ponemon Institute, lost and stolen laptops and other mobile devices continue to be the most frequent cause of data breaches, with almost half (49 percent) of the incursions tied to these missing devices.
A 2008 study*** by the institute found that encryption for laptops is the most common and that "the use of encryption is driven now more than ever by the need to mitigate the consequences of a potential data breach: 71 percent rated this as the top reason for deploying encryption, up from 66 percent in 2007." Ponemon researchers concluded that "the widespread use of encryption -- from laptops to file servers -- has already prompted many organizations to begin planning strategically."
Seagate Secure(TM) Technology -- Locking Down Mobile, Desktop and Data Center Information
The Momentus 5400 FDE.2 hard drive is powered by Seagate Secure technology, a groundbreaking security platform that couples strong, fully automated hardware-based full-disk encryption with leading security-based software applications to deliver centralized encryption key management, multi- factor user authentication and other capabilities that help lock down personal computer and data center storage. Seagate Secure technology uses AES to encrypt all hard drive information transparently and automatically at full interface speed to prevent performance drags common among traditional software encryption products, giving organizations an easy, cost-effective way to comply with the growing number of data privacy laws calling for the protection of consumer information using government-grade encryption. The data security platform also makes it easy to repurpose and retire computers and hard drives without compromising sensitive information; all data stored on the drive is rendered unreadable by simply deleting the encryption key.
The Seagate Secure portfolio of products includes Momentus 5400 FDE.2 hard drives; Maxtor(R) BlackArmor(TM) hard drives, delivering the strongest commercially available security for external storage; Barracuda(R) FDE hard drives, internal 3.5-inch drives for desktop PCs; and Cheetah(R) 15K.6 FDE, the world's first self-encrypting hard drives for mission-critical servers and storage arrays. Learn more about Seagate Secure technology by visiting http://www.seagate.com/security.
Last year, the National Institute of Standards and Technology (NIST), the U.S. federal agency focused on promoting product innovation by establishing technical standards for government and business, certified the Advanced Encryption Standard (AES) encryption algorithm that powers the Momentus 5400 FDE.2 hard drive. The 2.5-inch 5400-rpm Seagate drive, designed to protect against unauthorized access to information stored on laptop PCs, even if they are lost or stolen, is the only encrypting device from a major hard drive maker to win both NIST certification and the NSA qualification.
About Seagate
Seagate is the worldwide leader in the design, manufacture and marketing of hard disc drives and storage solutions, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. Seagate's business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers, with the goal of being the time-to-market leader in all markets in which it participates. The company is committed to providing award-winning products, customer support and reliability to meet the world's growing demand for information storage. Seagate can be found around the globe and at http://www.seagate.com/.
*More information on NSTISSP #11 is available at
http://www.niap-ccevs.org/cc-scheme/faqs/nstissp-faqs.cfm#Question_I_5.
**2007 Annual Study: U.S. Cost of a Data Breach; The Ponemon Institute
***2008 Annual Study: U.S. Enterprise Encryption Trends; The Ponemon
Institute
Seagate, Seagate Technology and the Wave logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries. Maxtor, Momentus, Barracuda, BlackArmor, Cheetah and Seagate Secure are either trademarks or registered trademarks of Seagate Technology LLC or one of its affiliated companies in the United States and/or other countries. All other trademarks or registered trademarks are the property of their respective owners. When referring to hard drive capacity, one gigabyte, or GB, equals one billion bytes and one terabyte, or TB, equals one trillion bytes. Your computer's operating system may use a different standard of measurement and report a lower capacity. In addition, some of the listed capacity is used for formatting and other functions, and thus will not be available for data storage. Quantitative usage examples for various applications are for illustrative purposes. Actual quantities will vary based on various factors, including file size, file format, features and application software. Seagate reserves the right to change, without notice, product offerings or specifications.
Seagate Technology
CONTACT: Michael Hall of Seagate Technology, +1-831-439-2731, michael.l.hall@seagate.com
Web site: http://www.seagate.com/
Current-Sourced WLED Drivers From AnalogicTech Address Unique Lighting Needs of Entry-Level Cell Phone MarketSmall Package, Minimal External Components Help Drive Down Costs
SANTA CLARA, Calif., May 13 /PRNewswire-FirstCall/ -- Advanced Analogic Technologies, Inc. (AnalogicTech) , a developer of power management semiconductors for mobile consumer electronic devices, announced today the AAT3102 and AAT3103 constant frequency, charge-pump-based, current source white LED (WLED) drivers. Designed to backlight lower-cost LCD displays in entry-level and reduced feature set cell phones, the two new devices help reduce system costs by using a small 2x2.1-mm package while requiring only two external components.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050829/SFTU089LOGO)
"Most entry-level cell phones targeted at today's rapidly growing emerging markets typically offer very basic lighting features including a small monochrome TFT-LCD panel and minimal accessory lighting," says Phil Dewsbury, product line director for AnalogicTech. "The new current-sourced AAT3102 and AAT3103 deliver up to 30 mA per channel to allow designers to cost-effectively build systems that provide high readability with these low cost panels, while keeping system costs low by using small packages and a minimal number of external components."
High Efficiency Charge Pumps
Both new WLED drivers are current-sourced devices designed for applications where an LED cathode is connected to ground. To ensure high readability in lower-cost, more opaque LCD panels, the AAT3102 drives two LEDs at up to 30 mA each. The AAT3103 drives up to three LEDs at up to 30 mA each. The charge pumps in each driver automatically switch between 1X and 2X mode to maintain high efficiency. Both new WLED drivers offer current accuracy of better than 10 percent. Channel-to-channel current matching exceeds 3 percent.
LEDs can be programmed using either a traditional PWM-compatible interface, up to 50kHz or via AnalogicTech's proprietary single-wire S(2)Cwire interface. Using the S(2)Cwire interface, designers can program each WLED over 16-, or 8- steps.
To keep solution size small and affordable, the new drivers only require two external devices: a 1uF capacitor for the charge pump and an external resistor to set full-scale LED current.
The AAT3102 and AAT3103 also offer a low-shutdown current feature which disconnects the load from IN and reduces quiescent current to < 1uA. They also feature built-in automatic soft start, and integrated thermal and short circuit protection.
Price and Availability
Both of the new devices are qualified across the -40 degrees C to +85 degrees C temperature range and come in a compact 2 x 2.1-mm SC70JW-10 package. The AAT3102 sells for $0.52 in 1K quantities, while the AAT3103 sells for $ 0.52 in 1K quantities.
About AnalogicTech
Advanced Analogic Technologies, Inc. (AnalogicTech) is a supplier of Total Power Management(TM) semiconductor solutions for mobile consumer electronic devices, such as wireless handsets, notebook and tablet computers, smartphones, digital cameras, wireless LAN, and personal media players. The company focuses its design and marketing efforts on the application-specific power management needs of consumer, communications, and computing applications in these rapidly evolving devices. AnalogicTech also develops and licenses device, process, package, and application-related technology. AnalogicTech is headquartered in Santa Clara, California and Macau, S.A.R., with offices in China (Beijing, Shanghai and Shenzhen), Hong Kong, Taiwan, Japan, South Korea, Sweden, France and United Kingdom, as well as a worldwide network of sales representatives and distributors. The company is listed on the NASDAQ exchange under the ticker symbol AATI. For more information, please visit the AnalogicTech website: http://www.analogictech.com/. (AnalogicTech - G)
AnalogicTech and the AnalogicTech logo are trademarks of Advanced Analogic Technologies Incorporated. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders.
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Advanced Analogic Technologies, Inc.
CONTACT: headquarters, Karolien Cools-Wittry of AnalogicTech, +1-408-737-4600, karoliencw@analogictech.com; or agency, Matthew Quint of Quint Public Relations, +1-650-599-9450, mquint@quintpr.com, for AnalogicTech
Web site: http://www.analogictech.com/
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