Companies news of 2008-05-15 (page 6)
Garmin Mobile(TM) for BlackBerry(R) Introduces a Lifetime of Navigation
Belgacom Selects Alcatel-Lucent's Midmarket Solutionas its Preferred Choice for Enterprise...
D-STAR Begins Trials of PLAY MPE(TM)
AU Optronics Corp. Announces 13 Technical Papers at 2008 SID Technical Symposium
Belgacom Selects Alcatel-Lucent's Midmarket Solutionas its Preferred Choice for Enterprise...
Pointer Telocation Announces Record Quarter - $752 Thousand Net Income in Q1 2008 Compared...
Autonomy to Host Pan-Enterprise Search Platform Presentation at Enterprise Search Summit...
DSGi - New CEO Strategy
DSGi - New CEO Strategy
Eutelsat Communications Annonce une Augmentation de 8,9% de son Chiffre d'affaires du...
Eutelsat Communications Reports 8.9% Revenue Increase for Third Quarter 2007-2008
McAfee, Inc. Endpoint Encryption Deployed by NHS for Widespread Data Protection
Camtek Announces First Quarter 2008 ResultsGrowth in Revenues, Gross Margin and Net Income...
ILOG to Participate in 36th Annual JP Morgan Technology Conference
/C O R R E C T I O N -- Fuwei Films (Holdings) Co. Limited /
NetDragon annonce ses premiers résultats trimestriels de 2008 : le chiffre d'affaires...
Verizon Business Expands Access to Global Audio-Conferencing ServicesCustomers Globally...
China Recycling Energy Corp. Announces Preliminary Financials for First Quarter 2008 and...
Dr. Henry Samueli and David A. Dull Take Leaves of Absence as Executive Officers of...
AT&T Wins Award From the Department of Homeland Security for Advanced Networking...
Verizon Business Expands Access to Global Audio-Conferencing Services
Verizon Business développe l'accès à ses services d'audioconférence internationaux
Garmin Mobile(TM) for BlackBerry(R) Introduces a Lifetime of Navigation
OLATHE, Kan., May 15 /PRNewswire-FirstCall/ -- Garmin International Inc., a unit of Garmin Ltd. , the global leader in satellite navigation, announced today a one-time-purchase plan for Garmin Mobile for BlackBerry. This one-time, $99.99 purchase is only available in North America and will give customers who own BlackBerry devices unlimited use of Garmin Mobile's turn-by-turn, voice prompted directions for the life of their specific BlackBerry. Users will also have unlimited access to Garmin Mobile's dynamic content such as traffic, weather conditions and forecasts, fuel prices and more. The one-time purchase Garmin Mobile for BlackBerry is designed to meet the navigation needs of customers who prefer a one-time purchase rather than continuous monthly payments.
(Logo: http://www.newscom.com/cgi-bin/prnh/20061026/CGTH082LOGO)
"Garmin is one of the first to offer a one-time purchase navigation package for BlackBerry devices," said Charles Morse, Garmin's director of mobile and online marketing. "Having turn-by-turn directions on a BlackBerry is essential to mobile professionals because it takes the stress out of navigating to that important business meeting or child's soccer game. It helps people arrive at their destination every time, while taking into consideration uncontrollable variables like traffic."
Garmin Mobile for BlackBerry is easy to use and offers users extreme utility especially when traveling in unfamiliar areas. Users can navigate to addresses in North America, or search millions of points of interest (POI's) -- places like hotels, restaurants, shopping, and tourist attractions. Once a destination is selected, Garmin Mobile for BlackBerry automatically calculates the fastest route to the destination, and provides voice-prompted turn-by-turn directions along the way. If a turn is missed en route, Garmin Mobile automatically recalculates the route based on the user's current location. Map data is provided by NAVTEQ -- a world leader in premium-quality mapping.
Since Garmin Mobile for BlackBerry's mapping data is stored online and not on the BlackBerry device itself, customers have the advantage of the most up-to-date mapping information available directly from Garmin. In order to access Garmin's network with the mapping data, the BlackBerry device must have a data plan.
BlackBerry customers will also have access to real-time traffic, fuel, and weather information. The real-time traffic service identifies accidents, road construction, or other incidents affecting traffic, and routes users around the congestion. The fuel feature displays helpful fuel information such as the filling station's name, fuel price, type of fuel, and distance to the station. Real-time weather information lets users see weather conditions and forecasts at their current location or anywhere in North America.
Those customers using a BlackBerry without embedded GPS may need to pair their BlackBerry with the GPS 10x(TM), a highly sensitive, portable GPS sensor that receives location data from the GPS and transmits that information to the BlackBerry via Bluetooth wireless technology. The GPS 10x is not included in the $99.99 one-time purchase.
Garmin Mobile for BlackBerry's $99.99 one-time purchase is available directly from Garmin at http://www.garmin.com/mobilephones. The one-time purchase plan for Garmin Mobile for BlackBerry is not transferable between BlackBerry devices.
About Garmin International Inc.
Garmin International Inc. is a subsidiary of Garmin Ltd. , the global leader in satellite navigation. Since 1989, this group of companies has designed, manufactured, marketed and sold navigation, communication and information devices and applications -- most of which are enabled by GPS technology. Garmin's products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Garmin Ltd. is incorporated in the Cayman Islands, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual pressroom at http://www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200. Garmin is a registered trademark, and Garmin Mobile is a trademark of Garmin Ltd. or its subsidiaries.
BlackBerry is a registered trademark of Research in Motion Ltd. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on forward-looking statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. All statements regarding the company's future product introductions are forward-looking statements. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 29, 2007, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of Garmin's Form 10-K can be downloaded at http://www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Photo: http://www.newscom.com/cgi-bin/prnh/20061026/CGTH082LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Garmin International Inc.
CONTACT: Jessica Myers of Garmin International Inc., +1-913-397-8200, media.relations@garmin.com
Web site: http://www.garmin.com/
Belgacom Selects Alcatel-Lucent's Midmarket Solutionas its Preferred Choice for Enterprise CustomersAlcatel-Lucent BiCS Platform Lets Sennheiser Streamline Communications for Multi-Site, Mobile Workforce
PARIS, May 15 /PRNewswire-FirstCall/ -- Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced that Belgacom, Alcatel-Lucent's Enterprise Business Partner in Belgium, has selected Alcatel-Lucent's Business Integrated Communications Solution (BiCS) portfolio as its preferred midmarket communications offer. With BiCS, Belgacom can now offer its enterprise customers simplified one-stop shopping with a single server bundled communications solution that includes state-of-the-art unified communications tools and centralized management capabilities for a highly mobile, always-on workforce.
As a proof point of this announcement, Sennheiser Benelux, part of the Sennheiser Group, has selected Alcatel-Lucent's BiCS platform to meet the demanding communications requirements of its very mobile workforce. The new communications system provides Sennheiser with a consistent user experience regardless of location through unified communications, mobility, and advanced IP telephony services.
Through innovative offerings like BiCS, Alcatel-Lucent helps dynamic enterprises worldwide interconnect their networks, people, processes and knowledge for competitive advantage through strengthened relationships, simplified communications and improved performance.
"The Alcatel-Lucent BiCS solution creates a seamless environment for all our employees whether they are in Belgium, the Netherlands, or on the road, no matter what device they're using to stay connected. Centralized management for our voice and data communications will also significantly improve our customer's experience," said Eddy De Moortel, Director Finance & Operations Sennheiser Benelux. "We chose Belgacom because of their great experience in IP telephony, competitive pricing, and the convenience of having a single partner able to meet all of our communication needs."
"BiCS lets our professional customers deliver competitive and reliable advanced telephony services with integrated unified communications tools," said Hendrik Van De Velde, Vice President Products & Solutions Belgacom. "By offering pre-integrated applications that can be implemented as needed through the Alcatel-Lucent BiCS solution, Belgacom is ideally positioned as the preferred partner along our customers' life cycle of communication needs."
"We are pleased to provide Sennheiser, through our strong partnership with Belgacom, with a platform that creates unique value. The BiCS solution fulfills customer requirements with a single PBX server and it lets customers easily deploy advanced applications like mobility and collaboration, delivered the way they want it and when they want it," said Hanizan Massod, director of Alcatel-Lucent's Medium Enterprise Solutions Unit. "Alcatel-Lucent believes dynamic communications, where knowledge sharing among people is facilitated by a flexible network and streamlined processes, is a real competitive differentiator."
About Alcatel-Lucent BiCS
The Alcatel-Lucent Business Integrated Communication Solution is a multi-service, single-server communication solution for enterprises with 500 users, supporting 1000 users later this year. With pre-integrated applications, BiCS enables users to deploy key communication services at their own pace, enabling "pay-as-you-grow" expansion and keeping costs under control. Specifically, it features:
- Communication server: OmniPCX Enterprise IP telephony & Alcatel-Lucent
4645 voice mail
- Management: OmniVista 4760 Network Management System
- Contact Center: OmniTouch Contact Center Standard Edition
- Communication: My Instant Communicator
- Openness to third party application: XML APIs for simplified third
party application integration
- High reliability: hard disk mirroring
- " Try before Buying," five free licences of key communication
applications (e.g. UC, contact center agents)
About Belgacom
The Belgacom Group [Euronext: BELG]. Combining its strong background as the national telecoms operator and the multiples talents of its teams, Belgacom Group is the principal supplier of integrated telecommunications services in Belgium. As a result of our continuous investments in leading-edge technology, we are able to offer our clients high-capacity solutions on all networks, fixed or mobile. At the forefront of technology, we provide our clients, private or professional, with telephone, Internet and television services, at every moment of the day, wherever the place, and whatever type of equipment is being used. For the fiscal year ending 31 December 2007, the Group posted a total revenue of EUR 6.065 billion and a net operating profit before depreciation and amortization (EBITDA) of EUR 2.031 billion. More info:http://www.belgacom.com
About Sennheiser
The Sennheiser Group is one of the world's leading manufacturers of microphones, headphones and wireless transmission systems. A family firm established in 1945 and based in Wedemark near Hanover, Germany, the company recorded sales of over 356 million euros in 2006, 82% of which was generated abroad. Sennheiser employs over 1,800 people worldwide, around 55% of whom are in Germany. Sennheiser has manufacturing plants in Germany, Ireland and the USA, and is represented worldwide by subsidiaries in France, Great Britain, Belgium, the Netherlands, Denmark (Nordic), Russia, Hong Kong, India, Singapore, Japan, Canada, Mexico and the USA, as well as through long-term trading partners in other countries. Also part of the Sennheiser Group are Georg Neumann GmbH, Berlin (studio microphones), K + H Vertriebs- und Entwicklungsgesellschaft mbH (Klein + Hummel studio monitors, installed sound) and the joint venture Sennheiser Communications A/S (headsets for PCs, offices and call centres). For more information http://www.sennheiser.com/
About Alcatel-Lucent
Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprise and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com/
Alcatel-Lucent
CONTACT: Alcatel-Lucent Press Contacts Regine Coqueran Tel: +33(0)1-40-76-49-24, regine.coqueran@alcatel-lucent.com; Theresa Cede, Tel: +33(0)1-40-76-13-70, theresa.cede@alcatel-lucent.com; Alcatel-Lucent, Investor Relations, Remi Thomas, Tel: +33(0)1-40-76-50-61, remi.thomas@alcatel-lucent.com; John DeBono, Tel: +1-908-582-7793, debono@alcatel-lucent.com; Tony Lucido, Tel: +33(0)1-40-76-49-80, alucido@alcatel-lucent.com; Don Sweeney, Tel: +1-908-582-6153, dsweeney@alcatel-lucent.com
D-STAR Begins Trials of PLAY MPE(TM)
SYDNEY, Australia, May 15 /PRNewswire/ -- The Shooting Star Picture Company's D-STAR division is pleased to announce the start of trials of PLAY MPE(TM), the new generation of B2B music delivery in Australia.
PLAY MPE(TM) is already the #1 digital delivery platform in North America and commences trials this week with content from both major and independent labels from around the country.
"We have had much success in the last few years with our D-STAR Video product and the time was right to launch a new generation product to revolutionize the delivery of audio from Record Labels to their numerous media partners," said CEO Peter Skillman.
"In a world where around 80% of singles are being bought digitally by the public, it makes no sense to still have CDs floating around Australia Post vans in jiffy bags on their way to media. For the first time, D-STAR's PLAY MPE (TM) provides radio stations with a technologically advanced, simple, reliable and secure platform to obtain music in the formats they require."
The trial of PLAY MPE (TM) will initially concentrate on radio, with plans to expand to other media later in 2008. The company is currently allocating logins for the system to music programmers around Australia as part of their trial phase of the system. If you would like to learn more, visit http://www.dstarmpe.com/ and email your details for the trial to stephen@dstarmpe.com
About Shooting Star Picture Company
Shooting Star (http://www.shootingstar.com.au) was established 16 years ago and is now at the forefront of commercial and television production, post-production and -- with D-Star -- the digital delivery of promotional assets. Shooting Star has also become a major force with its cinema advertising sales arm, Star Media, and is pioneering the delivery of highdefinition cinema advertising.
About PLAY MPE(R)
With almost 21,000 users and over 82,000 songs from more than 1,000 record labels, including Universal Music Group, EMI Music Group, Sony BMG and Warner Music Group, Destiny's PLAY MPE(R) system is the most widely used digital distribution system available to the recording and radio industries. PLAY MPE(R) is a secure distribution system that features state-of-the-art encryption to protect content while delivering high definition audio to users in radio, marketing and media. A powerful promotional tool, PLAY MPE(R) also allows record companies to distribute video, text and graphics including music videos, CD covers, credits, lyrics, promotions, and other content. More information on PLAY MPE(R) can be found at http://www.plaympe.com
About Destiny Media Technologies
Destiny (http://www.dsny.com) is a software development company which provides tools that some of the world's largest media companies use to distribute their content on the Internet. Products include PLAY MPE(R), Clipstream(R) and Radio Destiny(TM).
Safe Harbor Statement
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact: Peter Skillman
+61 2 9660 6969
peter@shootingstar.com
Shooting Star Picture Company
CONTACT: Peter Skillman of Shooting Star Picture Company, +61 2 9660 6969, peter@shootingstar.com
Web site: http://www.dsny.com/ http://www.dstarmpe.com/ http://www.plaympe.com/
AU Optronics Corp. Announces 13 Technical Papers at 2008 SID Technical Symposium
AUO Advanced Capacitor Coupling Technology Honored as Distinguished Paper
HSINCHU, Taiwan, May 15 /Xinhua-PRNewswire-FirstCall/ -- SID (Society for Information Display) will roll out Display Week 2008 (its 46th seminar) from May 18 through 23 at the Los Angeles Convention Center. AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) will unveil a series of complete and innovated TFT-LCD panel technologies. Mr. Paul Peng, Executive VP of AUO's Global Business Unit, is also going to join the opening of the Symposium with a keynote speech about the evolution and application of AUO Green Solutions.
SID, based in the U.S. with over 8000 members worldwide, consists of professionals involved in both the technical and business aspects of display research, design, manufacturing, applications, marketing, and sales. To assist in the continual development of next generation TFT-LCD technologies, SID holds this seminar and announces selected papers every year. This year a total of 13 AUO papers were chosen to be announced, which is the best record that AUO has ever achieved. One paper in particular was honored this year as a distinguished paper; this paper discusses the innovative threshold voltage design of AUO Advanced Capacitor Coupling Technology, which can make the reflective gamma curve closer to the transmissive gamma curve in a single-gap transflective LCD.
Dr. Fang-Chen Luo, AUO's CTO and Vice President will also join the AMLCD panel on May 20, representing AUO to discuss the future development trends of AMLCD. Dr. Luo will also receive a 2008 Presidential Citation for AUO's dedicated contribution to the global TFT-LCD industry.
"We are honored to receive this award and pleased to have this opportunity to showcase our innovative TFT-LCD technologies during SID. AUO has always focused on developing new TFT-LCD technologies. This is also the first time we are exhibiting a series of power-saving TFT-LCD technologies for all screen sizes with our green solutions, which offer our clients products with better performance and energy-saving functions. This is part of our continued commitment to society for being a better enterprise citizen," Dr. Luo states.
From May 20 through 23, AUO will exhibit new technologies at SID 2008, including Ultra Slim 42" LCD TV with LED with less than 10 mm module thickness, the latest 46" ECO-Friendly LCD TV panel with power-savings of up to 50%, the latest Ink-Jet Printing Color Filter Technology with 1/3 material saving and waste reducing, and in-cell multi-touch technology and curved display.
In terms of public information display applications, this will be the first time that AUO showcases its 42" double-side display and 65" full HD portrait display with built-in AMVA technology. With its vivid, rich and colorful image quality, it is the best choice for digital signage applications. The new 42" double-side display shares a single backlight module with the thickness of just 60 mm. In addition, it can display different images on both sides simultaneously therefore create higher advertising benefits. For general applications, AUO is exhibiting a series of TFT-LCD displays with LED backlights, which can be applied to handheld devices, ATMs or other business and entertainment applications.
Pictures for the above news release can be downloaded from AUO corporate website URL: http://auo.com/auoDEV/pressroom.php?sec=Photos&ls=en .
Any use of photographs must cite the source thereof is from AU Optronics Corporation
About AU Optronics
AU Optronics Corp. ("AUO") is the world's 2nd largest manufacturer* of large-sized thin film transistor liquid crystal display panels ("TFT-LCD"), with approximately 20%* of global market share in Q1/2008 and revenues of NT$480.2 billion (US$14.81billion)* in 2007. TFT-LCD technology is currently the most widely used flat panel display technology. Targeted for 40"+ sized LCD TV panels, AUO's new generation (7.5-generation) fabrication facility production started mass production in the fourth quarter of 2006. The Company currently operates one 7.5-generation, two 6th-generation, four 5th-generation, one 4th-generation, and four 3.5-generation TFT-LCD fabs, in addition to eight module assembly facilities and the AUO Technology Center specializes in new technology platform and new product development. AUO is one of few top-tier TFT-LCD manufacturers capable of offering a wide range of small- to large- sized (1.5"-65") TFT-LCD panels, which enables it to offer a broad and diversified product portfolio.
* DisplaySearch 1Q2008 WW Large-Area TFT-LCD Shipment Report dated Apr
24, 2008. This data is used as reference only and AUO does not make any
endorsement or representation in connection therewith. 2007 year end
revenue converted by an exchange rate of NTD32.43:USD1.
AU Optronics Corp.
CONTACT: Fiona Chiu, Corporate Communications Dept of AU Optronics Corp, +886-3-5008899 ext 3206, or fax, +886-3-5772730, or fiona.chiu@auo.com; Yawen Hsiao, Corporate Communications Dept. of AU Optronics Corp., +886-3-5008899 ext 3211, fax, +886-3-5772730, or yawen.hsiao@auo.com
Web site: http://auo.com/auoDEV/pressroom.php?sec=Photos&ls=en
Belgacom Selects Alcatel-Lucent's Midmarket Solutionas its Preferred Choice for Enterprise Customers
PARIS, May 15 /PRNewswire/ --
- Alcatel-Lucent BiCS Platform Lets Sennheiser Streamline Communications
for Multi-Site, Mobile Workforce
Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced
that Belgacom, Alcatel-Lucent's Enterprise Business Partner in Belgium, has
selected Alcatel-Lucent's Business Integrated Communications Solution
(BiCS) portfolio as its preferred midmarket communications offer. With BiCS,
Belgacom can now offer its enterprise customers simplified one-stop shopping
with a single server bundled communications solution that includes
state-of-the-art unified communications tools and centralized management
capabilities for a highly mobile, always-on workforce.
As a proof point of this announcement, Sennheiser Benelux,
part of the Sennheiser Group, has selected Alcatel-Lucent's BiCS platform to
meet the demanding communications requirements of its very mobile workforce.
The new communications system provides Sennheiser with a consistent user
experience regardless of location through unified communications, mobility,
and advanced IP telephony services.
Through innovative offerings like BiCS, Alcatel-Lucent helps
dynamic enterprises worldwide interconnect their networks, people, processes
and knowledge for competitive advantage through strengthened relationships,
simplified communications and improved performance.
"The Alcatel-Lucent BiCS solution creates a seamless
environment for all our employees whether they are in Belgium, the
Netherlands, or on the road, no matter what device they're using to stay
connected. Centralized management for our voice and data communications will
also significantly improve our customer's experience," said Eddy De Moortel,
Director Finance & Operations Sennheiser Benelux. "We chose Belgacom because
of their great experience in IP telephony, competitive pricing, and the
convenience of having a single partner able to meet all of our communication
needs."
"BiCS lets our professional customers deliver competitive and
reliable advanced telephony services with integrated unified communications
tools," said Hendrik Van De Velde, Vice President Products & Solutions
Belgacom. "By offering pre-integrated applications that can be implemented as
needed through the Alcatel-Lucent BiCS solution, Belgacom is ideally
positioned as the preferred partner along our customers' life cycle of
communication needs."
"We are pleased to provide Sennheiser, through our strong
partnership with Belgacom, with a platform that creates unique value. The
BiCS solution fulfills customer requirements with a single PBX server and it
lets customers easily deploy advanced applications like mobility and
collaboration, delivered the way they want it and when they want it," said
Hanizan Massod, director of Alcatel-Lucent's Medium Enterprise Solutions
Unit. "Alcatel-Lucent believes dynamic communications, where knowledge
sharing among people is facilitated by a flexible network and streamlined
processes, is a real competitive differentiator."
About Alcatel-Lucent BiCS
The Alcatel-Lucent Business Integrated Communication Solution
is a multi-service, single-server communication solution for enterprises with
500 users, supporting 1000 users later this year. With pre-integrated
applications, BiCS enables users to deploy key communication services at
their own pace, enabling "pay-as-you-grow" expansion and keeping costs under
control. Specifically, it features:
- Communication server: OmniPCX Enterprise IP telephony &
Alcatel-Lucent 4645 voice mail
- Management: OmniVista 4760 Network Management System
- Contact Center: OmniTouch Contact Center Standard Edition
- Communication: My Instant Communicator
- Openness to third party application: XML APIs for simplified
third party application integration
- High reliability: hard disk mirroring
- " Try before Buying," five free licences of key
communication applications (e.g. UC, contact center agents)
About Belgacom
The Belgacom Group [Euronext: BELG]. Combining its strong
background as the national telecoms operator and the multiples talents of its
teams, Belgacom Group is the principal supplier of integrated
telecommunications services in Belgium. As a result of our continuous
investments in leading-edge technology, we are able to offer our clients
high-capacity solutions on all networks, fixed or mobile. At the forefront of
technology, we provide our clients, private or professional, with telephone,
Internet and television services, at every moment of the day, wherever the
place, and whatever type of equipment is being used. For the fiscal year
ending 31 December 2007, the Group posted a total revenue of EUR 6.065
billion and a net operating profit before depreciation and amortization
(EBITDA) of EUR 2.031 billion. More info:http://www.belgacom.com
About Sennheiser
The Sennheiser Group is one of the world's leading
manufacturers of microphones, headphones and wireless transmission systems. A
family firm established in 1945 and based in Wedemark near Hanover, Germany,
the company recorded sales of over 356 million euros in 2006, 82% of which
was generated abroad. Sennheiser employs over 1,800 people worldwide, around
55% of whom are in Germany. Sennheiser has manufacturing plants in Germany,
Ireland and the USA, and is represented worldwide by subsidiaries in France,
Great Britain, Belgium, the Netherlands, Denmark (Nordic), Russia, Hong Kong,
India, Singapore, Japan, Canada, Mexico and the USA, as well as through
long-term trading partners in other countries. Also part of the Sennheiser
Group are Georg Neumann GmbH, Berlin (studio microphones), K + H Vertriebs-
und Entwicklungsgesellschaft mbH (Klein + Hummel studio monitors, installed
sound) and the joint venture Sennheiser Communications A/S (headsets for PCs,
offices and call centres). For more information http://www.sennheiser.com
About Alcatel-Lucent
Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides
solutions that enable service providers, enterprise and governments
worldwide, to deliver voice, data and video communication services to
end-users. As a leader in fixed, mobile and converged broadband networking,
IP technologies, applications and services, Alcatel-Lucent offers the
end-to-end solutions that enable compelling communications services for
people at home, at work and on the move. With operations in more than 130
countries, Alcatel-Lucent is a local partner with global reach. The company
has the most experienced global services team in the industry, and one of the
largest research, technology and innovation organizations in the
telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8
billion in 2007 and is incorporated in France, with executive offices located
in Paris. For more information, visit Alcatel-Lucent on the Internet:
http://www.alcatel-lucent.com
Alcatel-Lucent
Alcatel-Lucent Press Contacts, Régine Coqueran, Tel: +33(0)1-40-76-49-24, regine.coqueran@alcatel-lucent.com; Theresa Cede, Tel: +33(0)1-40-76-13-70, theresa.cede@alcatel-lucent.com; Alcatel-Lucent Investor Relations, Rémi Thomas, Tel: +33(0)1-40-76-50-61, remi.thomas@alcatel-lucent.com; John DeBono, Tel: +1-908-582-7793 debono@alcatel-lucent.com; Tony Lucido, Tel: +33(0)1-40-76-49-80, alucido@alcatel-lucent.com; Don Sweeney,Tel: +1-908-582-6153, dsweeney@alcatel-lucent.com
Pointer Telocation Announces Record Quarter - $752 Thousand Net Income in Q1 2008 Compared With Net Loss of $180 Thousand in Q1 2007Revenue Increased 63% to Record $18.5 Million Over the First Quarter of 2007Non-GAAP Net Income Increased 340% to $1.8 Million Over the First Quarter of 2007EBITDA Increased 94% to $3.8 Million Over the First Quarter of 2007
ROSH HAAYIN, Israel, May 15 /PRNewswire-FirstCall/ -- Pointer Telocation Ltd. (Nasdaq Capital Market: PNTR, Tel-Aviv Stock Exchange: PNTR) - a leading provider of Automatic Vehicle Location (AVL) technology, stolen vehicle retrieval services, fleet management, car & driver safety, public safety, vehicle security, asset management and road side assistance, announced today its financial results for the first quarter of 2008.
The successful merger of Cellocator's business together with strong internal growth has resulted in an exceedingly good quarter. Following first indications in the fourth quarter of 2007, Q1 2008 presents the second consecutive quarter of improved profits. Pointer's technologies and services businesses continue to attract more companies worldwide and increase their business and financial strength.
Financial Highlights:
Revenues: Pointer's revenues for the first quarter of 2008 increased by 63%, to $18.5 million from $11.3 million, in the comparable period in 2007. International activities consist of 28% of total revenues compared with 10% in the comparable period in 2007. Revenues from products were $7.6 million and consist of 41% of total revenues, as compared to $2.9 million in the first quarter of 2007 - which indicate growth of 158%. Revenues from services increased 30% to $10.9 million and 59% of total revenue, compared to $8.4 million and 74%, respectively, in the first quarter of 2007.
Gross Profit: For the first quarter of 2008, gross profit increased 76% to $7.2 million from $4.1 million in the first quarter of 2007. As a percentage of revenues, gross profit is approximately 39% in the first quarter of 2008, as compared to approximately 36% in the same period in 2007. Gross margin increased mainly as a result of increased portion of products contribution of total revenue.
Operating Income: Pointer reported a $2.3 million operating income for the first quarter of 2008, compared to an operating income of $0.95 million for the first quarter of 2007.
Minority share: For the first quarter of 2008, Pointer reported a $561 thousand minority share, compared to $434 thousands in the first quarter of 2007.
Net Income: Pointer recorded a net income of $752 thousand, or $0.16 per share during the first quarter of 2008, as compared to a net loss of $180 thousand, or $(0.06) per share in the first quarter of 2007. Improved bottom line is in line with internal growth and the successful merger of Cellocator business into Pointer Telocation, taking place from September 2007.
Non-GAAP net income:
Pointer's non-GAAP net income in the first quarter of 2008 was $1.8 million, as compared to non-GAAP net income of $0.4 million in the first quarter of 2007. The non-GAAP net income in the first quarter of 2008 excludes amortization of $ 0.85 million and non-cash taxes on income of $ 218 thousand.
EBITDA:
Pointer's EBITDA increased to $3.8 million in the first quarter of 2008, as compared to $2 million in the comparable period in 2007.
Danny Stern, Pointer CEO, said: "We are proud to present the 12th consecutive quarter of revenue growth and a second consecutive quarter of improved profits following our Cellocator acquisition. Our operating parameters continue to improve as a result of both internal growth and the successful merger of Cellocator's business. International revenue was responsible for 28% of revenue in Q1 2008 and was derived from exports and activities in over 25 countries. 41% of revenue was generated from our technology and products sales. In addition, all our subsidiaries presented improved operating results, which further provides evidence that internal growth is a major business driver. Pointer's technology, know-how and stronger market presence continue to draw an increased number of business partners from additional countries and from various sectors - car dealers, fleet operators as well as insurance companies - who are motivated by an increase in the demand for high-quality technology and services", concluded Mr. Stern.
Reconciliation between results on a GAAP and Non-GAAP basis is provided in a table immediately following the Condensed Interim Consolidated Statements of Cash Flows. Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude amortization of acquired intangible assets and deferred income tax, as well as certain business combination accounting entries. The purpose of such adjustments is to give an indication of our performance exclusive of non-GAAP charges and other items that are considered by management to be outside of our core operating results. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read in conjunction with our consolidated financial statements prepared in accordance with GAAP.
Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. We believe that these non- GAAP measures help investors to understand our current and future operating cash flow and performance, especially as our three most recent acquisitions have resulted in amortization and non-cash items that have had a material impact on our GAAP profits. These non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies. Reconciliation between results on a GAAP and non-GAAP basis is provided in a table immediately following the consolidated statements of operations.
Pointer uses EBITDA as a non-GAAP financial performance measurement. EBITDA is calculated by adding back to net income interest, taxes, depreciation, amortization and minority interest. EBITDA is provided to investors to complement results provided in accordance with GAAP, as management believes the measure helps illustrate underlying operating trends in the Company's business and uses the measure to establish internal budgets and goals, manage the business and evaluate performance. EBITDA should not be considered in isolation or as a substitute for comparable measures calculated and presented in accordance with GAAP. A reconciliation of EBITDA to GAAP measures is included in the financial tables accompanying this press release.
Conference Call Information:
Pointer Telocation's management will host a conference call with the investment community to review and discuss the financial results:
Conference call will take place on 9:30 AM EST, 16:30 Israel time.
To listen to the call, please dial in to one of the following teleconferencing numbers. Please begin placing your call at least 5 minutes before the conference call commences.
From USA: +1-800-994-4498
From Israel: 03-918-0688
A replay of the conference call will be available through May 16th, 2008 on the Company's website at http://www.pointer.com/.
About Pointer Telocation:
Pointer Telocation is a leading provider of technology and services to the automotive and insurance industries, offering a set of services including Road Side Assistance, Stolen Vehicle Recovery and Fleet Management. Pointer has a growing client list with products installed in over 400,000 vehicles across the globe: the UK, Greece, Mexico, Argentina, Russia, Croatia, Germany, Czech Republic, Latvia, Turkey, Hong Kong, Singapore, India, Costa Rica, Norway, Venezuela, Hungary, Israel and more. Cellocator, a Pointer Products Division, is a leading AVL (Automatic Vehicle Location) solutions provider for stolen vehicle retrieval, fleet management, car & driver safety, public safety, vehicle security and more. In 2004, Cellocator was selected as the official security and location equipment supplier for the Olympic Games in Athens. For more information: http://www.pointer.com/
Safe Harbor Statement
This press release contains forward-looking statements with respect to the business, financial condition and results of operations of Pointer and its affiliates. These forward-looking statements are based on the current expectations of the management of Pointer, only, and are subject to risk and uncertainties relating to changes in technology and market requirements, the company's concentration on one industry in limited territories, decline in demand for the company's products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. Pointer undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risks and uncertainties affecting the company, reference is made to the company's reports filed from time to time with the Securities and Exchange Commission.
CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands
March 31, December 31,
2008 2007
_________ ____________
Unaudited
_________
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 648 $ 1,200
Trade receivables, net 14,973 11,756
Other accounts receivable and prepaid expenses 2,937 2,001
Inventories 2,542 2,657
_________ _________
Total current assets 21,100 17,614
_________ _________
LONG-TERM ASSETS:
Long-term accounts receivable 465 337
Severance pay fund 5,300 4,866
Property and equipment, net 8,208 7,708
Deferred income taxes 1,019 941
Other intangible assets, net 17,835 18,058
Goodwill 53,954 50,712
_________ _________
Total long-term assets 86,781 82,622
_________ _________
Total assets $ 107,881 $ 100,236
_________ _________
_________ _________
CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands (except share and per share data)
March 31, December 31,
2008 2007
__________ ____________
Unaudited
__________
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Short-term bank credit and current maturities
of long-term loans $ 11,383 $ 10,564
Trade payables 8,540 8,001
Deferred revenues and customer advances 11,326 8,253
Other accounts payable and accrued expenses 5,182 6,123
_________ _________
Total current liabilities 36,431 32,941
_________ _________
LONG-TERM LIABILITIES:
Long-term loans from banks 18,610 18,460
Long-term loans from shareholders and others 5,665 5,767
Other long-term liabilities 112 89
Accrued severance pay 6,565 5,730
Convertible debentures 1,995 1,979
_________ _________
32,947 32,025
_________ _________
MINORITY INTEREST 3,911 3,067
_________ _________
SHAREHOLDERS' EQUITY:
Share capital -
Ordinary shares of NIS 3 par value:
Authorized - 8,000,000 shares at March 31, 2008
and December 31, 2007, respectively; Issued and
outstanding - 4,612,875 shares at March 31, 2008
and December 31, 2007, respectively 3,139 3,139
Additional paid-in capital 116,981 116,910
Accumulated other comprehensive income 3,332 1,766
Accumulated deficit (88,860) (89,612)
_________ _________
Total shareholders' equity 34,592 32,203
_________ _________
Total liabilities and shareholders' equity $ 107,881 $ 100,236
_________ _________
_________ _________
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS
U.S. dollars in thousands (except share and per share data)
Three months ended Year ended
March 31, December 31,
___________________
2008 2007 2007
______ ______ ____________
Unaudited
___________________
Revenues:
Products $ 7,607 $ 2,949 $ 15,821
Services 10,871 8,396 35,806
_______ _______ ________
Total revenues 18,478 11,345 51,627
_______ _______ ________
Cost of revenues:
Products 3,957 1,906 9,414
Services 7,107 5,369 23,034
Amortization of intangible assets 245 - 277
_______ _______ ________
Total cost of revenues 11,309 7,275 32,725
_______ _______ ________
Gross profit 7,169 4,070 18,902
_______ _______ ________
Operating expenses:
Research and development, net 673 332 1,675
Selling and marketing 1,700 1,112 4,934
General and administrative 1,925 1,260 6,209
Amortization of intangible assets 606 415 1,877
_______ _______ ________
Total operating expenses 4,904 3,119 14,695
Operating income 2,265 951 4,207
Financial expenses, net 750 525 2,814
Other income, net 16 10 (12)
_______ _______ ________
Income before taxes on income 1,531 436 1,381
Taxes on income 218 182 353
_______ _______ ________
Net income before minority
interest 1,313 254 1,028
Minority interest 561 434 1,366
_______ _______ ________
Net income (loss) $ 752 $ (180) $ (338)
_______ _______ ________
_______ _______ ________
Basic and Diluted net earnings
(loss) per share $ 0.16 $ (0.06) $ (0.08)
_______ _______ ________
_______ _______ ________
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS
INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands
Three months
ended Year ended
March 31, December 31,
_______________
2008 2007 2007
____ ____ ____________
Unaudited
Cash flows from operating activities:
Net income (loss) $ 752 $ (180) $ (338)
Adjustments required to reconcile net
income (loss) to net cash provided by
operating activities:
Depreciation and amortization 1,779 1,194 5,273
Accrued interest and exchange rate
changes of convertible debenture and
long-term loans 185 (14) 750
Accrued severance pay, net 345 (54) (70)
Gain from sale of property and
equipment, net (88) (80) (182)
Amortization of deferred stock-based
compensation 71 172 783
Increase in minority interest 561 543 1,366
Increase in trade receivables, net (2,443) (1,334) (1,172)
Inecrease in other accounts receivable
and prepaid expenses (843) (536) (421)
Decrease (increase) in inventories 68 118 (395)
Write-off of inventories - - 150
Increase in deferred income taxes - - (174)
Increase in other long-term accounts
receivable - - (141)
Increase in trade payables 36 324 730
Increase in other accounts payable and
accrued expenses 1,241 1,558 1,855
_______ _______ _______
Net cash provided by operating
activities 1,664 1,711 8,014
_______ _______ _______
Cash flows from investing activities:
Purchase of property and equipment (719) (820) (2,638)
Proceeds from sale of property and
equipment 242 254 860
Increase in long-term accounts
receivable, net (102) - -
Acquisition of Cellocator (a) - (16,571)
Acquisition of other intangible assets - - (117)
_______ _______ _______
Net cash used in investing activities (579) (566) (18,466)
_______ _______ _______
Cash flows from financing activities:
Receipt of long-term loans from banks - - 5,000
Repayment of long-term loans from
banks (1,012) (500) (4,347)
Repayment of long-term loans from
others (823) (656) (2,767)
Proceeds from issuance of shares and
exercise of warrants, net - 1,853 9,588
Short-term bank credit, net 226 (1,350) (1,752)
_______ _______ _______
Net cash provided by (used in)
financing activities (1,609) (653) 5,722
_______ _______ _______
Effect of exchange rate on cash and cash
equivalents (28) 19 80
_______ _______ _______
Increase(decrease) in cash and cash
equivalents (552) 511 (4,650)
Cash and cash equivalents at the
beginning of the period 1,200 5,850 5,850
_______ _______ _______
Cash and cash equivalents at the end of
the period $ 648 $ 6361 $ 1,200
_______ _______ _______
_______ _______ _______
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands
Year ended
Three months ended December
March 31, 31,
__________________
2008 2007 2007
____ ____ __________
Unaudited
__________________
(a) Acquisition of Cellocator and
Matan activities:
Fair value of assets acquired
and liabilities assumed at date
of acquisition:
Working capital $ - $ - $ (1,323)
Property and equipment - - (151)
Customer related intangibles - - (3,943)
Brand name (1,775)
Developed technology - - (4,890)
Goodwill - - (8,750)
Accrued severance pay, net - - 20
_________ _________ _________
- - (20,812)
Fair value of shares issued - - 1,430
Fair value of convertible
debentures - - 1,951
Accrued expenses - - 860
_________ _________ _________
4,241
_________ _________ _________
$ - $ - $ (16,571)
_________ _________ _________
_________ _________ _________
Reconciliation Table of Non-GAAP Measures
U.S. dollars in thousands
Three months ended Year ended
March 31, December 31,
__________________ _____________
2008 2007 2007
________________________________
Net income (loss) as reported $ 752 $ (180) $ (338)
Amortization of intangible assets
and impairment of long-lived assets 851 415 2,154
Taxes on income 218 182 353
Non-GAAP Net income (loss) $ 1,821 $ 417 $ 2,169
Reconciliation of GAAP to NON-GAAP Operating Results
To supplement the consolidated financial statements presented in accordance with generally accepted accounting principles ("GAAP"), the Company uses EBITDA as a non-GAAP financial performance measurement. EBITDA is calculated by adding back to net income interest, taxes, depreciation, amortization and minority interest. EBITDA is provided to investors to complement results provided in accordance with GAAP, as management believes the measure helps illustrate underlying operating trends in the Company's business and uses the measure to establish internal budgets and goals, manage the business and evaluate performance. EBITDA should not be considered in isolation or as a substitute for comparable measures calculated and presented in accordance with GAAP. Reconciliation the GAAP to non-GAAP operating results:
CONDENSED EBITDA
US dollars in thousands
Three months ended Year ended
March 31, December 31,
__________________ ____________
2008 2007 2007
_______________________________
Net income (loss) as reported $ 752 $ (180) $ (338)
Non GAAP adjustment:
Financial expenses, net 750 525 2,814
Taxes on income 218 182 353
Depreciation and amortization 1,562 1,016 4,787
Minority interest 561 434 1,366
_______ _______ _______
EBITDA $ 3,843 $ 1,977 $ 8,982
_______ _______ _______
_______ _______ _______
Contact:
Zvi Fried, V.P. and Chief Financial Officer
Tel.; +972-3-572-3111
E-mail: zvif@pointer.com
Yael Nevat,Commitment-IR.com
Tel: +972-9-741-8866
E-mail: yael@commitment-IR.com
Pointer Telocation Ltd
CONTACT: Contact: Zvi Fried, V.P. and Chief Financial Officer, Tel.; +972-3-572-3111, E-mail: zvif@pointer.com; Yael Nevat,Commitment-IR.com, Tel: +972-9-741-8866, E-mail: yael@commitment-IR.com
Autonomy to Host Pan-Enterprise Search Platform Presentation at Enterprise Search Summit 2008
SAN FRANCISCO, May 15 /PRNewswire-FirstCall/ -- Autonomy Corporation plc , a global leader in infrastructure software for the enterprise today announced that it will host a presentation on Pan-Enterprise Search Platforms at the Enterprise Search Summit 2008 in New York, NY on Wednesday, May 21, 2008.
When: Wednesday, May 21, 2008, 10:15am to 10:45am ET
Who: Jerry Hawk, Founder and Principal, Advantage Professionals
What: Pan-Enterprise Search Platforms: Moving Beyond Single-Application Search
(Breakout Session H)
During this executive briefing, Hawk will discuss the latest technologies and deployment approaches for automating the retrieval, processing, and management of information throughout a global organization. Known as pan-enterprise search, these platforms transcend company divisions, operating systems, language barriers and file types to deliver the highest business value. Numerous real-world case studies will be discussed across media, financial services, healthcare and life sciences, leveraging Hawk's extensive experience with advanced search deployments. Advanced capabilities such as categorization, clustering, education, trending, visualization, and sentiment analysis will be discussed. Platform scalability, high availability, performance, and security approaches will also be covered.
Where: The Hilton New York Hotel, New York, NY
About Enterprise Search Summit
Enterprise Search Summit is a highly intense, in-depth, 2-day conference that covers how to develop, implement and enhance cutting-edge internal search capabilities. The emphasis for Enterprise Search Summit 2008 is on "extending search," as search becomes not just an application but a major computing platform. The agenda focuses on how enterprise search software and related applications really work inside organizations and covers the complex issues and problems that challenge experienced search managers. Expert speakers tackle tough topics such as tuning search to deliver optimum results, making the most of search logs and analytics, applying Web services solutions to metadata challenges, developing topic maps, and much more. Breakout sessions pack more hours of programming into the concentrated conference schedule and give you the chance to select topics of special interest to customize your conference experience.
About Autonomy
Autonomy Corporation plc is a global leader in infrastructure software for the enterprise and is spearheading the meaning-based computing movement. Autonomy's technology forms a conceptual and contextual understanding of any piece of electronic data including unstructured information, be it text, email, voice or video. Autonomy's software powers the full spectrum of mission-critical enterprise applications including information access technology, BI, CRM, KM, call center solutions, rich media management, information risk management solutions and security applications, and is recognized by industry analysts as the clear leader in enterprise search.
Autonomy's customer base comprises of more than 17,000 global companies and organizations including: 3, ABN AMRO, AOL, BAE Systems, BBC, Bloomberg, Boeing, Citigroup, Coca Cola, Daimler Chrysler, Deutsche Bank, Ericsson, Ford, GlaxoSmithKline, Lloyd TSB, NASA, Nestle, the New York Stock Exchange, Reuters, Shell, T-Mobile, the U.S. Department of Energy, the U.S. Department of Homeland Security and the U.S. Securities and Exchange Commission. Autonomy also has over 300 OEM partners and more than 400 VARs and Integrators, numbering among them leading companies such as BEA, Business Objects, Citrix, EDS, IBM Global Services, Novell, Satyam, Sybase, Symantec, TIBCO, Vignette and Wipro. The company has offices worldwide.
The Autonomy Group includes: Autonomy ZANTAZ, the leader in the archiving, e-Discovery and Proactive Information Risk Management (IRM) markets; Autonomy Cardiff, a leading provider of Intelligent Document solutions; Autonomy etalk, award-winning provider of enterprise-class contact center products, Autonomy Virage, a visionary in rich media management and security and surveillance technology and Autonomy Meridio, a leading provider of records management software.
Autonomy and the Autonomy logo are registered trademarks or trademarks of Autonomy Corporation plc. All other trademarks are the property of their respective owners.
Autonomy Editorial Contacts:
Winifred Shum,
Autonomy,
+1-408-771-6668,
wshum@autonomy.com ;
Tania Kempf,
Cohn & Wolfe (US),
+1-650-281-7556,
Tania_Kempf@sfo.cohnwolfe.com ;
Edward Bridges,
Financial Dynamics (UK),
+44-207-831-3113,
edward.bridges@fd.com ;
Clare Gayner,
Bite Communications (UK),
+44(0)20-8834-3454,
Clare.Gayner@bitepr.com .
Autonomy Corporation plc
CONTACT: Autonomy Editorial Contacts: Winifred Shum, Autonomy, +1-408-771-6668, wshum@autonomy.com ; Tania Kempf, Cohn & Wolfe (US), +1-650-281-7556, Tania_Kempf@sfo.cohnwolfe.com ; Edward Bridges, Financial Dynamics (UK), +44-207-831-3113, edward.bridges@fd.com ; Clare Gayner, Bite Communications (UK), +44(0)20-8834-3454, Clare.Gayner@bitepr.com .
DSGi - New CEO Strategy
LONDON, May 15 /PRNewswire-FirstCall/ -- DSG International plc, one of Europe's largest specialist electrical retailers, today announces it's strategic business review. In a video interview Group Chief Executive John Browett talks through the detail of his five point plan for renewal and transformation of the group, which owns brands such as Curry's, PC World, Currys.digital and Pixmania. There will also be a live presentation to analysts at 0900BST.
The interviews, transcript, podcast and vodcast are available now on http://www.cantos.com/. Cantos interviews are also available on our CEO Direct page in iTunes.
It's free to view. All you need to do is register at http://www.cantos.com/. Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333.
DSG International
CONTACT: If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333.
DSGi - New CEO Strategy
LONDON, May 15 /PRNewswire/ -- DSG International plc, one of Europe's largest specialist electrical
retailers, today announces it's strategic business review. In a video
interview Group Chief Executive John Browett talks through the detail of his
five point plan for renewal and transformation of the group, which owns
brands such as Curry's, PC World, Currys.digital and Pixmania. There will
also be a live presentation to analysts at 0900BST.
The interviews, transcript, podcast and vodcast are available now on
http://www.cantos.com. Cantos interviews are also available on our CEO Direct
page in iTunes.
It's free to view. All you need to do is register at
http://www.cantos.com. Cantos.com, the online financial broadcaster, features
in-depth interviews, documentaries and webcasts with senior company
executives. If you would like to contact us, please email
enquiries@cantos.com or phone +44-207-936-1333.
DSG International
If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333.
Eutelsat Communications Annonce une Augmentation de 8,9% de son Chiffre d'affaires du Troisieme Trimestre de l'Exercice 2007-2008
PARIS, May 15 /PRNewswire/ --
- Information Financiere Trimestrielle
- Le Groupe Revise a la Hausse son Objectif de Chiffre d'Affaires
pour l'Annee
- Forte Augmentation du Chiffre d'Affaires par Rapport au Troisième
Trimestre de l'Exercice Précédent, Tirée par la Croissance Continue
des Applications Vidéo et des Services à Valeur Ajoutée
- Objectif de Chiffre d'Affaires pour l'Exercice 2007-2008 Porté à
860-870 Millions d'Euros Contre 850-860 millions d'Euros Précédemment
Eutelsat Communications (Euronext Paris : ETL), l'un des premiers
opérateurs mondiaux de satellites, publie aujourd'hui son information
financière pour le troisième trimestre clos le 31 mars 2008.
Chiffre d'affaires par application
3ème trimestre Var 9 mois clos Var.
clos le 31 mars en% le 31 mars en%
En millions d'euros 2007 2008 2007 2008
Applications Vidéo 148, 164,9 +10,8% 438,6 484,2 +10,4%
Services Données & Valeur 39,2 40,0 +1,9% 120,8 114,9 -4,8%
Ajoutée
Dont Services à valeur 8,5 9,7 +13,4% 23,5 26,6 +13,5%
ajoutée
Multiusages 15,1 14,2 -5,6% 44,5 43,8 -1,7%
Autres 2,5 4,8 5,7 10,4
Sous-total 205,7 223,9 +8,9% 609,6 653,3 +7,2%(1)
Revenus non récurrents - - 11,4 -
Total 205,7 223,9 +8,9[2]% 621,0 653,3 +5,2%
Commentant ces résultats, Giuliano Berretta,
Président-directeur général d'Eutelsat Communications, a déclaré : << Notre
performance continue à refléter parfaitement une stratégie qui allie
croissance, visibilité et innovation, en nous positionnant sur les marchés
les plus porteurs. Avec une augmentation de près de 20% en un an du nombre de
chaînes de télévision diffusées par notre flotte de satellites, les
applications vidéo confirment leur dynamique. Elles consolident également la
forte visibilité de nos revenus avec des contrats de long terme comme en
témoigne le récent renouvellement jusqu'en 2020 des capacités louées par le
bouquet NOVA, premier bouquet grec de télévision, sur notre position HOT
BIRD(TM). D'autres exemples de nouveaux contrats confirment le rôle croissant
de nos satellites dans la distribution des services numériques : Faisant
suite au lancement fin 2007 du bouquet BIS sur nos satellites HOT BIRD(TM) et
ATLANTIC BIRD(TM) 3, notre activité en France se consolide avec l'annonce
faite par Orange d'assurer depuis ces positions orbitales la diffusion en
France de la partie TV de son offre triple play lorsque celle-ci n'est pas
accessible par ADSL. En Allemagne, le contrat avec Tele Columbus pour la
distribution de chaînes numériques vers les réseaux câblés vient renforcer
notre position dans ce marché clé du câble européen. La sélection par
Swisscom de notre nouveau service TOOWAY(TM) pour offrir aux foyers suisses
une couverture universelle d'accès au haut débit confirme également le rôle
essentiel joué par le satellite dans la résolution de la fracture numérique.
La forte progression de notre chiffre d'affaires nous conduit
ainsi à réviser en hausse notre objectif de chiffre d'affaires pour
l'exercice à 860 - 870 millions d'euros >>.
PARIS, May 15 /PRNewswire/ --
FAITS MARQUANTS DU TROISIEME TRIMESTRE 2007-2008
Les Applications Vidéo (164,9 millions d'euros) continuent à se
développer à un rythme élevé, avec une progression de 10,8% par rapport
au troisième trimestre de l'exercice précédent. Les principaux éléments
de cette croissance sont :
- L'arrivée depuis mars 2007 de 472 nouvelles chaînes de télévision (+
19%) qui portent à 2 977 le nombre total de programmes diffusés par les
satellites du Groupe au 31 mars 2008 ;
- Les marchés de la Russie, de l'Afrique, de la Turquie et du
Moyen-Orient représentent près de 60% de ces nouvelles chaînes de
télévision. On notera en particulier la signature depuis mars 2007 de
contrats majeurs avec l'opérateur Intersputnik pour la Russie ou encore
les bouquets de télévision Entertainment Highway et Gateway en Afrique,
et CanalSat Réunion pour les îles de l'Océan indien ;
- La montée en puissance du satellite EUROBIRD(TM) 9, qui est entré en
service à la fin de l'exercice précédent à la position orbitale 9degrees
Est. Cette position diffuse 78 chaînes de télévision au 31 mars 2008.
EUROBIRD(TM) 9 a été sélectionné au cours du trimestre par Tele Columbus,
l'un des trois câblo-opérateurs majeurs allemands, pour le prochain
lancement d'une offre de chaînes numériques dans le cadre de la
transition du câble allemand de l'analogique vers le numérique ;
- Enfin, sur un an, le Groupe a plus que doublé son nombre de chaînes en
Haute Définition avec 35 chaînes HD au 31 mars 2008. Les nouvelles
chaînes lancées au cours du trimestre comprennent notamment Rush HD pour
le Royaume Uni, FilmBox HD et HBO Polska pour la Pologne ou encore Movie
Max HD pour la Turquie.
L'évolution des Services de Données et à Valeur Ajoutée (40,0 millions
d'euros, +1,9%), résulte de plusieurs facteurs :
- En forte progression de 13,4%, le chiffre d'affaires des Services à
Valeur Ajoutée s'établit à 9,7 millions d'euros au 31 mars 2008. Cette
croissance est principalement titrée par le déploiement continu des
services D-STAR d'accès Internet haut débit en Afrique et au
Moyen-Orient. Le trimestre a également enregistré la livraison de
nouveaux équipements dans le cadre du contrat signé avec la SNCF pour
tester l'accès haut débit à bord des trains sur la ligne TGV Est. Enfin,
les Services à Valeur Ajoutée ont bénéficié du déploiement par Swisscom,
le premier opérateur suisse de télécommunications, des premiers terminaux
du service TOOWAYTM d'Eutelsat pour assurer un accès universel au haut
débit à tous les foyers suisses ;
- Les Services de Données s'inscrivent en quasi stabilité (-0,4 million
d'euros) par rapport au troisième trimestre de l'exercice précédent.
Ils ont enregistré l'activation de nouveaux contrats avec les opérateurs
de télécommunication et de réseaux d'entreprise Telespazio (Italie),
Teles (Allemagne), Orascom (Algérie) ou encore GulfSat (Moyen Orient).
Les revenus des services Multiusages (14,2 millions d'euros) enregistrent
un léger recul par rapport au troisième trimestre de l'exercice précédent,
imputable à un effet défavorable de change entre le dollar US et l'euro. A
taux de change constant, le chiffre d'affaires se serait apprécié de 9,4% par
rapport au troisième trimestre 2006-2007.
Enfin, le poste << Autres Revenus >> s'établit à 4,8 millions d'euros. Il
correspond essentiellement à l'effet de la politique de couverture de change
mise en place au cours de l'exercice précédent sur le chiffre d'affaires (3,7
millions d'euros).
ACTIVITE DES NEUF PREMIERS MOIS DE L'EXERCICE 2007-2008
Le chiffre d'affaires des neuf premiers mois de l'exercice 2007-2008
s'élève à 653,3 millions d'euros, (+5,2% par rapport à la même période de
l'exercice précédent). Hors revenus non récurrents et à taux de change
constant, la croissance s'établit à 9,5%.
Cette performance traduit les évolutions suivantes :
- L'augmentation des ressources en orbite au cours de l'exercice
précédent avec l'ouverture de trois nouvelles positions orbitales :
7degrees Ouest (ATLANTIC BIRD(TM) 4), 4degrees Est (EUROBIRD(TM) 4) et
9degrees Est(EUROBIRD(TM) 9). Le Groupe a donc disposé de 43 nouveaux
répéteurs opérationnels durant l'exercice en cours(3) ;
- La dynamique des Applications Vidéo, illustrée par la croissance
continue du nombre de chaînes diffusées par les satellites du Groupe pour
la réception directe par les foyers et l'alimentation des réseaux du
câble et de la TNT ;
- La progression soutenue des Services à Valeur Ajoutée, portés par le
déploiement régulier du service D-STAR, ainsi que par les services
d'accès haut débit en mobilité dans les transports et le lancement des
premières offres d'accès au haut débit TOOWAY(TM) pour les particuliers.
PARIS, May 15 /PRNewswire/ --
SITUATION FINANCIERE ET PERSPECTIVES POUR l'EXERCISE 2007-2008
Compte tenu de la performance enregistrée, Eutelsat Communications ajuste
ses perspectives de chiffre d'affaires pour l'exercice en cours et vise à
présent un objectif compris entre 860 et 870 millions d'euros. Ceci est à
comparer à la fourchette précédemment communiquée d'un chiffre d'affaires
compris entre 850 et 860 millions d'euros.
Le Groupe maintient son objectif de marge d'EBITDA à plus de 78% du
chiffre d'affaires pour l'exercice en cours, confirmant une solide situation
financière.
PARIS, May 15 /PRNewswire/ --
EVENEMENTS RECENTS SIGNIFICATIFS: SIGNATURE D'UNE POLICE D'ASSURANCES
POUR TOUS LES LANCEMENTS DE SATELITES EN COMMMANDE
Au cours du mois d'avril 2008, le Groupe a conclu l'un des plus
importants contrats d'assurances jamais signé par un opérateur de Services
Fixes par Satellite. Ce contrat, passé à des conditions très favorables,
couvre l'assurance << lancement + 1 an en orbite >> des sept satellites
actuellement en construction. Elle ouvre au Groupe la possibilité d'utiliser
la totalité des lanceurs disponibles sur le marché, lui donnant une
flexibilité maximale pour conduire son programme d'expansion en orbite sur
les trois prochaines années.
Calendrier financier prévisionnel
Résultats de l'exercice 2007-2008 : 31 juillet 2008
A propos d'Eutelsat Communications
Eutelsat Communications (Euronext Paris : ETL, code ISIN : FR0010221234)
est la société holding d'Eutelsat S.A. Avec des ressources en orbite sur 24
satellites offrant une couverture sur toute l'Europe, le Moyen-Orient,
l'Afrique et l'Inde, et sur de larges zones de l'Asie et du continent
américain, Eutelsat est l'un des trois premiers opérateurs mondiaux de
satellites en terme de chiffre d'affaires. Au 31 mars 2008, la flotte des
satellites d'Eutelsat assure la diffusion de près de 3 000 chaînes de
télévision et 1 100 stations de radio. Plus de 1 100 programmes de télévision
sont diffusés par les satellites HOT BIRD(TM) à la position orbitale
13degrees Est vers une audience de plus de 120 millions de foyers en Europe,
Moyen-Orient et Afrique du Nord. La flotte d'Eutelsat sert également une
large gamme de services fixes et mobiles de télécommunication et de diffusion
de données pour les réseaux vidéo professionnels et les réseaux d'entreprise,
ainsi qu'un portefeuille d'applications de services haut débit pour les
fournisseurs d'accès Internet, les collectivités locales ainsi que pour les
transports routiers, maritimes et aériens. Filiale d'Eutelsat dédiée à
l'exploitation de services IP sur les téléports d'Eutelsat en France et en
Italie, Skylogic commercialise ses services en Europe, en Afrique, en Asie et
sur le continent américain. Eutelsat, dont le siège est à Paris, regroupe 538
hommes et femmes issus de 27 pays.
Annexe : Evolution du chiffre d'affaires trimestriel par application
Exercice 2006-2007 Exercice 2007-2008
En millions d'euros T1 T2 T3 T4 T1 T2 T3
Applications Vidéo 142,8 147,0 148,8 151,8 158,1 161,2 164,9
Services de Données & à 40,8 40,8 39,2 38,2 37,3 37,7 40,0
Valeur Ajoutée
Dont Services à Valeur 7,4 7,5 8,5 7,9 8,2 8,7 9,7
Ajoutée
Multiusages 14,7 14,8 15,1 14,6 14,5 15,0 14,2
Autres 1,3 1,9 2,5 3,6 2,0 3,6 4,8
Sous-total 199,5 204,4 205,7 208,1 211,9 217,5 223,9
Revenus non récurrents - 11,4 - - - - -
Total 199,5 215,8 205,7 208,1 211,9 217,5 223,9
http://www.eutelsat.com
(1) A taux de change constant et hors revenus non-récurrents, la
croissance du chiffre d'affaire des neuf premiers mois de l'exercice ressort
à 9,5% par rapport à la même période de l'exercice précédent.
(2) A taux de change constant, la croissance du chiffre d'affaire du
troisième trimestre de l'exercice ressort à 11,2% par rapport à la même
période de l'exercice précédent.
(3) Le Groupe dispose de 505 répéteurs opérationnels au 31 mars 2008
Pour plus d'information
Contacts Presse
Vanessa O'Connor
Tel: +33-1-53-98-38-88 voconnor@eutelsat.fr
Frédérique Gautier
Tel: +33-1-53-98-38-88 fgautier@eutelsat.fr
Relations investisseurs
Gilles Janvier
Tel: +33-1-53-98-35-35 investors@eutelsat-communications.com
Eutelsat Communications
Pour plus d'information, Contacts Presse: Vanessa O'Connor, Tel: +33-1-53-98-38-88, voconnor@eutelsat.fr; Frédérique Gautier, Tel: +33-1-53-98-38-88, fgautier@eutelsat.fr; Relations investisseurs, Gilles Janvier, Tel: +33-1-53-98-35-35, investors@eutelsat-communications.com
Eutelsat Communications Reports 8.9% Revenue Increase for Third Quarter 2007-2008
PARIS, May 15 /PRNewswire-FirstCall/ --
- Quarterly Financial Information
Revenue Objective For Current Fiscal Year Revised Upwards
- Strong revenue increase compared to third quarter of the previous
fiscal year driven by continued growth of Video Applications and Value
Added Services
- Upward revision of revenue objective for fiscal year 2007-2008 to
860-870 million euros, compared to previous objective of 850-860
million euros
Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL), one of the world's leading satellite operators, today reported financial information for the third quarter ended March 31, 2008.
Revenue by application
3rd quarter Change 9 months ended Change
ended March 31 March 31
In million euros 2007 2008 in % 2007 2008 in %
Video Applications 148.8 164.9 +10.8% 438.6 484.2 +10.4%
Data & Value Added 39.2 40.0 +1.9% 120.8 114.9 -4.8%
Services
Of which Value Added 8.5 9.7 +13.4% 23.5 26.6 +13.5%
Services
Multi-usage 15.1 14.2 -5.6% 44.5 43.8 -1.7%
Other 2.5 4.8 5.7 10.4
Sub-total 205.7 223.9 +8.9% 609.6 653.3 +7.2%(1)
Non-recurring revenues - - 11.4 -
Total 205.7 223.9 +8.9(2)% 621.0 653.3 +5.2%
Commenting on the Group's results, Giuliano Berretta, Chairman and Chief Executive Officer of Eutelsat Communications said:
"Our performance continues to perfectly reflect a strategy combining growth, visibility and innovation, positioning us in the most attractive markets. The strong dynamic of Video Applications is reconfirmed by the almost 20% increase in the number of television channels broadcast by our satellites over one year. Video activity has also further consolidated our strong visibility on revenues, illustrated by long-term contracts that include the recent renewal to 2020 of capacity at our HOT BIRD(TM) position for NOVA, the leading pay-TV platform in Greece. Further examples of new business underscore the increasing role of our satellites for distributing digital services: following the launch at the end of 2007 of the BIS TV platform from our HOT BIRD(TM) and ATLANTIC BIRD(TM) 3 neighbourhoods, our activity in France has been further strengthened by the announcement last month by Orange of its selection of our satellites to deliver the TV component of its triple play offer in cases where it is not accessible via ADSL. The contract concluded in Germany with Tele Columbus for delivery of digital channels to cable networks increases our participation in Europe's leading cable market, while the selection by Swisscom of our new TOOWAY(TM) service to ensure universal broadband access for homes throughout Switzerland is a positive signal of the demand for satellite broadband to close the digital divide.
Our strong increase in revenues leads us to revise upwards our revenue objective for the current fiscal year to 860-870 million euros".
Q3 2007-2008 highlights
Video Applications (164.9 million euros) continue to develop rapidly. Strong year-on-year growth of 10.8% mainly reflects:
- The launch since March 2007 of 472 new channels (+19%), taking to 2,977
the total number of channels broadcast by the Group's satellites at
March 31, 2008;
- The markets of Russia, Africa, Turkey and the Middle East account for
almost 60% of new channels, notably as a consequence of major contracts
signed since March 2007 with the Russian operator Intersputnik, as well
as with the pay-TV operators Entertainment Highway and Gateway for
Africa, and with CanalSat Réunion for Indian Ocean islands;
- The take-up of the EUROBIRD(TM) 9 satellite which entered into service
at 9 degrees East at the end of the last fiscal year, and which was
broadcasting 78 channels at March 31, 2008. EUROBIRD(TM) 9 was selected
during the third quarter by Tele Colombus, one of the three leading
cable operators in Germany for the upcoming launch of an offer of
digital channels within the framework of the transition of German cable
from analogue to digital;
- Finally, the Group more than doubled the number of HDTV channels
broadcast by its satellites over one year, with 35 HDTV channels
broadcasting at March 31, 2008. New HDTV channels launched in the third
quarter include Rush HD for the UK, FilmBox HD and HBO Polska for Poland
and Movie Max HD for Turkey.
The development of Data and Value Added Services (40.0 million euros,
+1.9%) is attributed to factors that include:
- Strong increase of 13.4% of Value Added Services to 9.7 million euros
at March 31, 2008. This growth is principally fuelled by continued
deployment of D-STAR broadband access services in Africa and the Middle
East. The third quarter was also marked by delivery of new equipment to
test broadband services on TGV Est high-speed trains within the scope
of the contract with France's SNCF. Value-Added Services also benefited
from the deployment by Swisscom, the leading telecom operator in
Switzerland, of the first terminals for Eutelsat's TOOWAYTM service to
ensure universal broadband access to homes throughout Switzerland;
- The quasi stability of Data Services (down 0.4 million euros
year-on-year). This activity included the activation of new contracts
with the telecom and corporate network operators Telespazio (Italy),
Teles (Germany), Orascom (Algeria) and GulfSat (Middle East).
Revenue from Multi-usage (14.2 million euros) is slightly down year-on-year due to the depreciation of the US dollar versus the euro. At a constant exchange rate, year-on-year revenue growth would have been 9.4%.
Other Revenues of 4.8 million euros mainly reflect the impact on revenue (+3.7 millions euros) of the currency hedging policy put in place during the preceding fiscal year.
Year-to-Date 2007-2008 Revenue Highlights
Revenue for the first nine months of the 2007-2008 fiscal year amounts to 653.3 million euros, up 5.2% year-on-year. Excluding non-recurring revenue and at a constant exchange rate, revenue would have risen by 9.5%.
This performance reflects:
- Expansion of in-orbit resources during the previous fiscal year, with
the opening of three new neighbourhoods: 7 degrees West (ATLANTIC
BIRD(TM) 4), 4 degrees East (EUROBIRD(TM) 4) and 9 degrees East
(EUROBIRD(TM) 9), bringing 43 additional operational transponders
during the current fiscal year(3);
- Strong momentum of Video Applications, illustrated by the continued
increase of channels broadcast by the Group's satellites for DTH
(Direct-to-Home) reception and for feeding cable and DTT networks;
- Continued take-up of Value Added Services, notably sustained by
deployment of the D-STAR service, by mobile broadband services for
transport markets and also by the launch of the first offers of the
TOOWAY(TM) satellite consumer broadband service.
Fiscal Year 2007-2008 Financial Situation and Objectives
In view of its performance, Eutelsat Communications is revising upwards its revenue objective for the current fiscal year: the Group now targets revenue between 860 and 870 million euros compared with the previous objective of 850 to 860 million euros.
The Group maintains its EBITDA margin objective for the current fiscal year at above 78%, confirming its strong financial situation.
Recent Significant Events:
Insurance Policy Signed for the Launch of all Satellites in Procurement
In April 2008, Eutelsat concluded one of the largest insurance packages by a Fixed Satellite Services operator. The highly favourable conditions of this contract, which covers insurance "launch plus one year in orbit" of the Group's seven satellites currently in construction equips Eutelsat with the possibility to use the full range of launch vehicles available in the market. It delivers the Group maximum flexibility in the deployment of its in-orbit expansion programme over the coming three years.
Financial calendar
Full year results: July 31, 2008
About Eutelsat Communications
Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is the holding company of Eutelsat S.A.. With capacity commercialised on 24 satellites that provide coverage over the entire European continent, as well as the Middle East, Africa, India and significant parts of Asia and the Americas, Eutelsat is one of the world's three leading satellite operators in terms of revenues. At 31 March 2008, Eutelsat's satellites were broadcasting almost 3,000 television channels and 1,100 radio stations. More than 1,100 channels broadcast via its HOT BIRD(TM) video neighbourhood at 13 degrees East which serves over 120 million cable and satellite homes in Europe, the Middle East and North Africa. The Group's satellites also serve a wide range of fixed and mobile telecommunications services, TV contribution markets, corporate networks, and broadband markets for Internet Service Providers and for transport, maritime and in-flight markets. Eutelsat's broadband subsidiary, Skylogic, markets and operates services through teleports in France and Italy that serve enterprises, local communities, government agencies and aid organisations in Europe, Africa, Asia and the Americas. Headquartered in Paris, Eutelsat and its subsidiaries employ 538 commercial, technical and operational experts from 27 countries.
http://www.eutelsat.com/
Appendix
Quarterly revenues by business application
2006-2007 2007-2008
In million euros Q1 Q2 Q3 Q4 Q1 Q2 Q3
Video Applications 142.8 147.0 148.8 151.8 158.1 161.2 164.9
Data & Value Added Services 40.8 40.8 39.2 38.2 37.3 37.7 40.0
Of which Value Added Services 7.4 7.5 8.5 7.9 8.2 8.7 9.7
Multi-usage 14.7 14.8 15.1 14.6 14.5 15.0 14.2
Others 1.3 1.9 2.5 3.6 2.0 3.6 4.8
Sub-total 199.5 204.4 205.7 208.1 211.9 217.5 223.9
Non-recurring revenues - 11.4 - - - - -
Total 199.5 215.8 205.7 208.1 211.9 217.5 223.9
(1) At a constant exchange rate and excluding non-recurring revenues, year-to-date revenue growth would have been 9.5% compared with the same period of the previous fiscal year.
(2) At a constant exchange rate, revenue growth would have been 11.2% compared with the third quarter of the previous fiscal year.
(3) The Group had 505 operational transponders at March 31, 2008
For further information
Press
Vanessa O'Connor
Tel: +33-1-53-98-38-88
voconnor@eutelsat.fr
Frédérique Gautier
Tel: +33-1-53-98-38-88
fgautier@eutelsat.fr
Investors
Gilles Janvier
Tel: +33-1-53-98-35-30
investors@eutelsat-communications.com
Eutelsat Communications
CONTACT: For further information: Press: Vanessa O'Connor, Tel: +33-1-53-98-38-88, voconnor@eutelsat.fr; Frédérique Gautier, Tel: +33-1-53-98-38-88, fgautier@eutelsat.fr; Investors: Gilles Janvier, Tel: +33-1-53-98-35-30, investors@eutelsat-communications.com
McAfee, Inc. Endpoint Encryption Deployed by NHS for Widespread Data Protection
SANTA CLARA, Calif., May 15 /PRNewswire-FirstCall/ -- McAfee, Inc. today announced that National Health Service Connecting for Health (NHS CFH) has selected solutions from McAfee to provide encryption and port control, to protect confidential data on NHS computers and devices. As part of the NHS contract, McAfee Data Protection will provide 700,000 licenses for device encryption, port control, secure content encryption and mobile encryption to NHS organizations and related bodies across England.
McAfee Data Protection's world-class enterprise solution will encrypt confidential staff and patient data, helping to safeguard the NHS from data breaches and protect those whose data resides on NHS systems. Data will be protected on all devices such as PCs, laptops, PDAs and smartphones, content on hard drives and removable media; and computer ports to prevent unauthorized use of portable media connected to USB, serial and parallel ports.
The technology integrates with existing software deployment tools and can be deployed centrally across the network to all endpoints. The installation process is quick and effective. The technology is completely transparent to the end-user and does not impact productivity or require any specialized training. It also mitigates human error, thereby reducing data security threats. Its central reporting function aids compliance and the graphical presentation of information assists ICT teams in their management reporting.
"McAfee Data Protection technology closely matched our extensive requirements and at a price that represents exceptional value for the taxpayer," said Mark Ferrar, director of infrastructure, technology office, NHS Connecting for Health. "Protecting patient data and NHS operational data against data security threats is essential. The McAfee product is an enterprise class solution that integrates with existing software deployment tools, can be deployed in both standalone and organization-wide scenarios and meets the required stringent security standards."
"The desire for a national agreement for encryption software followed guidance to NHS organizations issued by NHS Chief Executive David Nicholson," said Jan Van Vliet, vice president of sales, McAfee Data Protection Business Unit, EMEA. "As part of the agreement, we are also working closely with our partner, Trustmarque Solutions, to set up a nationwide structure to offer training and implementation for IT managers within the applicable NHS bodies across England."
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 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.
McAfee, Inc.
CONTACT: Sal Viveros of McAfee, Inc., +1-408-346-3696, Sal_Viveros@McAfee.com; or Ian Bain of Red Consultancy, +1-415-618-8806, ian.bain@redconsultancy.com, for McAfee, Inc.
Web site: http://www.mcafee.com/
Camtek Announces First Quarter 2008 ResultsGrowth in Revenues, Gross Margin and Net Income
MIGDAL HAEMEK, Israel, May 15 /PRNewswire-FirstCall/ -- Camtek Ltd. , today announced its financial results for the first quarter ended March 31, 2008.
The Company reported revenues for the first quarter of $21.3 million, an increase of 47% over the $14.5 million reported in the first quarter of last year and a slight increase sequentially from the $21.0 million reported in the fourth quarter of 2007.
Gross profit margin for the first quarter of 2008 improved to 44.5%, as compared to 41.5% for the first quarter of 2007, and 43.7% for the fourth quarter of 2007.
Operating income for the first quarter of 2008 was $114 thousand (0.5% of revenues), compared with an operating loss of $4.3 million in the first quarter of 2007 and an operating income of $126 thousand (0.6% of revenues) in the prior quarter.
The Company's profitability was affected by strong devaluation of the US dollar against the Israeli shekel in the first quarter of 2008, which increased Israel-based shekel costs in dollar terms. However, the company hedged its dollar/shekel exposure and subsequently reported increased financial income which compensated for the increase in expenses due to the devaluation of the dollar.
Financial income in the quarter of $467 thousand, compared with $133 thousand in the first quarter of 2007 and $66 thousand in the prior quarter.
Net income for the first quarter of 2008 was $493 thousand, or $0.02 per diluted share. This is compared to a net loss of $4.3 million, or $0.14 per share, in the first quarter of 2007. For the previous quarter in 2007, net income was $247 thousand, or $0.01 per diluted share.
The Company reported a positive operating cash flow of $307 thousand in the quarter. As of March 31st, 2008, the Company reported a net cash and equivalents of $20.7 million as compared with $20.0 million at December 31st, 2007.
"We are satisfied with our first quarter results, especially with the increase in profitability and positive cash flow", commented Rafi Amit, Camtek's CEO. "We maintained our revenues at similar level to that of the last two quarters in spite of the on-going macroeconomic situation and the weakness of the electronic industry. Our activity in the PCB sector has been stable, while we recorded a slight increase in revenues from the semiconductors manufacturing and packaging industry. We attribute this growth to technology-driven demand for our wafer inspection systems.
Mr. Amit continued, "Following our continuous investment in R&D, we have recently introduced three new lines of inspection systems: Planet, for ultra-fine line PCB panels; Mustang for finished boards of mobile products; and Falcon 1000, enhanced performance wafer inspection systems. Products from all the new lines have already been sold to customers.
"At the same time, we continue to look for additional growth opportunities - both internal and external - in related markets into which we can leverage our technologies and global organization."
Mr. Amit concluded, "We expect second quarter revenues at a similar level to that of the current quarter, between $20 and 22 million."
The Company also announced the appointment of Roy Porat to the newly created position of General Manager at the Company's headquarters in Israel. Roy's previous role was President of Camtek HK, where he oversaw all of Camtek's activities in Asia. Aharon Sela, previously VP of Sales at Camtek Europe, was appointed to replace Mr. Porat in Camtek HK.
Conference call
Camtek will host a conference call today, May 15, at 9:00am ET. Rafi Amit, Chief Executive Officer, and Ronit Dulberg, Chief Financial Officer will host the call and will be available to answer questions after presenting the results.
To participate, please call one of the following telephone numbers at least 10 minutes before the start of the call, referencing the "Camtek results conference call".
US toll free: 1-888-935-4577 at 9:00 a.m. Eastern Time
Israel toll free: 1-809-246-002 at 4:00 p.m. Israel Time
International: +1-718-354-1389
For those unable to participate, the teleconference will be available for replay on Camtek's website http://www.camtek.co.il/ beginning 24 hours after the call.
Upcoming presentations
Camtek's management will be presenting at a number of upcoming industry and investor events:
- Oppenheimer Investor Conference in Tel Aviv, Israel on May 18
- IEEE SW_TEST in San Diego on June 8-11 and
- Semicon West in San Francisco - Yield Management session on
July 15, and test session on July 17;
Should you like to schedule a meeting with management, please contact Camtek's investor relations team.
About Camtek Ltd.
With headquarters in Migdal Ha'Emek Israel, Camtek Ltd., designs, develops, manufactures, and markets automatic optical inspection systems and related products. Camtek's automatic inspection systems are used to enhance both production processes and yield for manufacturers in the printed circuit board industry, the high density interconnect substrate industry and the semiconductor manufacturing and packaging industry.
This press release is available at http://www.camtek.co.il/
This press release may contain projections or other forward-looking statements regarding future events or the future performance of the Company. These statements are only predictions and may change as time passes. We do not assume any obligation to update that information. Actual events or results may differ materially from those projected, including as a result of changing industry and market trends, reduced demand for our products, the timely development of our new products and their adoption by the market, increased competition in the industry, price reductions as well as due to risks identified in the documents filed by the Company with the SEC.
Camtek Ltd.
Consolidated Balance Sheets
(in thousands, except share data)
March December
2008 2007
U.S. Dollars
ASSETS
CURRENT ASSETS
Cash and cash equivalents 19,758 18,601
Marketable securities 900 1,395
Accounts receivable, net 26,375 23,500
Inventories 32,215 34,243
Due from affiliates 278 251
Other current assets 2,535 2,616
Deferred tax 158 158
Total current assets 82,219 80,764
Fixed assets, net 15,084 15,325
Marketable securities 575 1,075
Deferred tax 308 308
Other assets 1,211 993
2,094 2,376
Total assets 99,397 98,465
LIABILITIES
CURRENT LIABILITIES
Convertible loan 1,666 1,666
Accounts payable -trade 7,552 7,960
Due to affiliates 852 866
Other current liabilities 12,235 11,465
Total current liabilities 22,305 21,957
Convertible loan 3,334 3,334
Liability for employee severance benefits 290 268
Total liabilities 25,929 25,559
SHAREHOLDERS' EQUITY
Ordinary shares NIS 0.01 par value,
authorized 100,000,000 shares, issued
31,149,934 in 2008 and 31,145,334 in 2007,
outstanding 30,138,315 in 2008 and
30,133,715 in 2007. 132 132
Additional paid-in capital 59,947 59,878
Accumulated other comprehensive loss
Unrealized loss on marketable securities - -
Retained earnings 14,382 13,889
74,461 73,899
Treasury stock, at cost (1,011,619 shares
in 2008 and (993) (993)
2007)
Total shareholders' equity 73,468 72,906
Total liabilities and shareholders' equity 99,397 98,465
Camtek Ltd.
Consolidated Statements of Operations
(in thousands, except share data)
Three Months ended Year ended
March 31, December 31,
2008 2007 2007
U.S. dollars U.S. dollars
Revenues 21,292 14,468 70,969
Cost of revenues 11,815 8,442 41,940
Gross profit 9,477 6,026 29,029
Research and development costs 2,995 3,724 12,111
Selling, general and
administrative expenses 6,368 6,606 24,119
9,363 10,330 36,230
Operating income (loss) 114 (4,304) (7,201)
Financial income (expenses), net 466 133 (128)
Income (loss) before income taxes 580 (4,171) (7,329)
Income tax (87) (66) (362)
Net income (loss) 493 (4,237) (7,691)
Net income (loss) per ordinary
share:
Basic 0.02 (0.14) (0.25)
Diluted 0.02 (0.14) (0.25)
Weighted average number of
ordinary shares outstanding:
Basic 30,231 30,208 30,145
Diluted 30,247 30,208 30,145
Contact Details
CAMTEK IR INTERNATIONAL
Ronit Dulberg, CFO GK International IR
Tel: +972-4-604-8308 Ehud Helft / Kenny Green
Fax: +972-4-604 8300 Tel: (US) +1-646-201-9246
Mobile: +972-54-9050776 info@gkir.com
ronitd@camtek.co.il
Camtek Ltd
CONTACT: CAMTEK: Ronit Dulberg, CFO, Tel: +972-4-604-8308, Fax: +972-4-604 8300, Mobile: +972-54-9050776, ronitd@camtek.co.il; IR INTERNATIONAL, GK International IR, Ehud Helft / Kenny Green, Tel: (US) +1-646-201-9246, info@gkir.com
ILOG to Participate in 36th Annual JP Morgan Technology Conference
PARIS and SUNNYVALE, Calif., May 15 /PRNewswire-FirstCall/ -- ILOG(R) (Nasdaq: ILOG; Euronext: ILO, ISIN: FR0004042364) today announced that ILOG Chairman and CEO, Pierre Haren, will present at the 36th Annual JP Morgan Technology Conference on Monday, May 19 at 2:20 p.m. Pierre Haren's presentation will be available the day of the event at ILOG's investor relations page at http://www.ilog.com/corporate/investor/.
The 36th Annual JP Morgan Technology Conference will be held May 19-21, 2008 at The Westin Boston Waterfront Hotel, Boston, MA. According to JP Morgan, the invitation-only conference is the largest tech event of the year, hosting more CEOs than any other technology investor conference in existence today.
About ILOG
ILOG delivers software and services that empower customers to make better decisions faster and manage change and complexity. Over 3,000 corporations and more than 465 leading software vendors rely on ILOG's market-leading business rule management systems, supply chain applications as well as its optimization and visualization software components, to achieve dramatic returns on investment, create market-defining products and services, and sharpen their competitive edge. ILOG was founded in 1987 and employs more than 850 people worldwide. For more information, please visit http://www.ilog.com/.
ILOG is a registered trademark of ILOG Inc and ILOG S.A. All other trademarks are the properties of their respective owners.
ILOG
CONTACT: Investors, Jerome Arnaud, +33 6 07 35 80 87, +1-408-991-7103, jarnaud@ilog.com, or Press, Susan Peters, +1-408-991-7109, speters@ilog.com, both of ILOG; or Andrew Jones of Gavin Anderson & Company, +44 20 7554 1400, for ILOG
Web site: http://www.ilog.com/
/C O R R E C T I O N -- Fuwei Films (Holdings) Co. Limited /
In the news release, "Fuwei Films Announces First Quarter 2008 Financial Results", issued yesterday, May 14, by Fuwei Films (Holding) Co., Ltd. over Xinhua PR Newswire, we are advised by the company that the "FINANCIAL TABLES" section had several minor typos, as originally issued inadvertently. The corrected tables are hereby appended at the end of the press release:
Fuwei Films Announces First Quarter 2008 Financial Results
- Teleconference to be Held Thursday, May 15, 2008, at 8:30 a.m. EDT -
BEIJING, May 14, 2008 /Xinhua-PRNewswire-FirstCall/ -- Fuwei Films (Holdings) Co. Limited ("Fuwei" or "the Company"), a manufacturer and distributor of high-quality BOPET plastic films in China, today released the financial results for the first quarter of 2008 ended March 31, 2008.
First Quarter 2008 Financial Highlights
-- Revenues rose 4.8% to US$14.5 million (RMB 104.0 million) from the
first quarter of 2007
-- Net income declined to US$1.1 million (RMB 7.9 million) from RMB 13.3
million in first quarter 2007, but rose from RMB 1.0 million in fourth
quarter 2007
"We entered 2008 facing a number of challenges," said Xiaoan He, Chairman and CEO of Fuwei. "However, our newly strengthened R&D platform is expected to increase our ability to develop more high value-added specialty film products to counter the unfavorable trend of higher energy and raw material costs."
First Quarter 2008 Financial Results
Revenues for the first quarter of 2008 rose 4.8% to US$14.5 million (RMB 104.0 million), from RMB 99.3 million in the first quarter of 2007. Revenues of specialty films in first quarter 2008 were US$4.7 million (RMB 33.8 million), or 32.5% of total revenues.
The following is a breakdown of commodity and specialty film sales for the three-month periods ended March 31, 2008 and March 31, 2007 (amounts in thousands):
Three months period ended
March
March 31,2008 31,2007
RMB US$ % of Total RMB % of Total
Printing film 19,230 2,686 18.5% 19,585 19.7%
Stamping film 21,211 2,963 20.4% 23,128 23.3%
Metallization film 2,901 405 2.8% 5,936 6.0%
Base film for other
Applications 26,927 3,761 25.9% 12,128 12.2%
Specialty film 33,765 4,716 32.5% 38,489 38.8%
Total 104,034 14,530 100.0% 99,265 100.0%
Revenues from overseas in the first quarter of 2008 were US$3.4 million (RMB 24.1 million), or 23.2% of total revenues.
The following is a breakdown of domestic versus overseas sales for the three-month periods ended March 31, 2008 and March 31, 2007 (amounts in thousands):
Three months period ended
March
March 31,2008 31,2007
RMB US$ % of Total RMB % of Total
Sales in China 79,899 11,160 76.8% 66,247 66.7%
Sales in other
countries 24,135 3,371 23.2% 33,018 33.3%
Total 104,034 14,530 100.0% 99,265 100.0%
Gross profit for the first quarter of 2008 was US$3.0 million (RMB 21.6 million), compared with RMB 23.6 million in same period 2007. The Company generated a gross margin of 20.8% in the first quarter 2008, versus 23.7% in the same period of 2007. The decrease in gross margin was due to increased consumption of raw materials, labor and power.
Operating expenses in the first quarter of 2008 were US$1.6 million (RMB 11.2 million), compared with RMB 6.2 million in same period 2007. The increase was mainly due to the increased legal expenses related to ongoing litigation and increased staffing costs. Selling expenses in the first quarter 2008 decreased to US$0.5 million (RMB 3.4 million) from RMB 3.7 million in the same period 2007. Administrative expenses increased to US$1.1 million (RMB 7.7 million) from RMB 2.5 million in the first quarter of 2007.
Net income for the first quarter of 2008 decreased to US$1.1 million (RMB 7.9 million), or diluted EPS of US$0.08 (RMB 0.61), from RMB 13.3 million, or diluted EPS of RMB 1.02 in the same period of 2007. On a sequential basis, net income rose from RMB 1.0 million, or RMB 0.08 per share, in the fourth quarter of 2007.
Total cash and cash equivalents as of March 31, 2008 were US$1.6 million (RMB 11.4 million) as compared with RMB 30.9 million as of December 31, 2007.
Total shareholders' equity increased to US$74.3 million (RMB 521.1 million) as of March 31, 2008 from RMB 512.5 million as of December 31, 2007.
As of March 31, 2008, the Company had 13,062,500 basic and diluted total ordinary shares outstanding.
Anti-Dumping Case Updates
In April, the Company received notice of a preliminary anti-dumping assessment issued by the Korean Trade Commission (KTC). The initial assessment of the tariff rate for Fuwei was 6.13%, versus 24.37% for Chinese companies on average.
The KTC began its anti-dumping investigation of BOPET film products from China and India in November 2007. After studying the trade practices of six Chinese BOPET manufacturers, including Fuwei, and several Indian manufacturers, the KTC issued its preliminary tariff assessment. Fuwei was notified by the KTC that its tarrif rate will be 6.13%, the single-lowest rate received among all the Chinese and Indian manufacturers involved in the investigation. KTC will announce a formal resolution of the anti-dumping case in the summer, upon which the new rates will become effective.
"The decision reached by the KTC is expected to strengthen Fuwei's reputation as a Chinese exporter of BOPET films to Korea," said Mr. Xiaoan He, Chairman and CEO of Fuwei. "Fuwei first entered the Korean market in 2005 and since then we have been adding higher-end specialty film products to our export offerings, which makes our products less liable for the anti-dumping case. While tariffs have always been a distortion of the market force, we expect the Korean assessment to work to our advantage to further expand our presence in the overseas market."
Additionally, the U.S. Department of Commerce has also informed the Company of its preliminary assessment of dumping margins, which has been set at 46.82%, also the lowest among Chinese companies investigated. The Department of Commerce is expected to make its final determination in July 2008.
Conference Call Information
The Company will host a teleconference tomorrow, Thursday, May 15, 2008, at 8:30 a.m. EDT / 8:30 p.m. Beijing time to discuss the quarterly results. To participate in the call, please dial +1 877-407-9205 in North America, or +1 201-689-8054 internationally, approximately 10 minutes prior to the scheduled call start time. The call is being simultaneously Webcast and can be accessed on the Fuwei Films Website at http://www.fuweiholdings.com/. Please visit the Web site at least 15 minutes prior to the scheduled call time to register for the Web cast and download any necessary audio software.
A replay of the call can also be accessed via telephone from 12:00 p.m. EDT on Thursday, May 15, 2008, through 11:59 p.m. EST on Friday, May 23, 2008, by calling +1-877-660-6853 in North America, or +1-201-612-7415 internationally, and entering the following access codes: Account #: 286 and Conference ID: 283212. A Web cast replay of the call will also be made and can be accessed on the Fuwei Films site at http://www.fuweiholdings.com/.
About Fuwei Films
Fuwei Films conducts its business through its wholly owned subsidiary Shandong Fuwei Films Co., Ltd. Shandong Fuwei develops, manufactures and distributes high-quality plastic films using the biaxial oriented stretch technique, otherwise known as BOPET film (biaxially oriented polyethylene terephthalate). Fuwei's BOPET film is widely used to package food, medicine, cosmetics, tobacco and alcohol, as well as in the imaging, electronics, and magnetic products industries.
For more information about the Company, please visit the Company's website at http://www.fuweiholdings.com/ .
Safe Harbor
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fiscally disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward- looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.
The forward-looking statements included in this press release are subject to risks, uncertainties and assumptions about our businesses and business environments. These statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual results of our operations may differ materially from information contained in the forward-looking statements as a result of risk factors some of which are include, among other things, competition in the BOPET film industry; growth of, and risks inherent in, the BOPET film industry in China; uncertainty as to future profitability and our ability to obtain adequate financing for our planned capital expenditure requirements; uncertainty as to our ability to continuously develop new BOPET film products and keep up with changes in BOPET film technology; risks associated with possible defects and errors in our products; uncertainty as to our ability to protect and enforce our intellectual property rights; uncertainty as to our ability to attract and retain qualified executives and personnel; and uncertainty in acquiring raw materials on time and on acceptable terms, particularly in view of the volatility in the prices of petroleum products in recent years.
For more information, please contact:
In China:
Christina He
Investor Relations Manager
Tel: +86-10-8518-5620
Email: fuweiIR@fuweifilms.com
In the U.S.:
Leslie Wolf-Creutzfeldt
Investor Relations
Grayling Global
Tel: +1-646-284-9472
Email: lwolf-creutzfeldt@hfgcg.com
Financial Tables to Follow
FUWEI FILMS (HOLDINGS) CO., LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF MARCH 31, 2008 AND DECEMBER 31, 2007
(amounts in thousands except share and per share value)
As of Mar. 31, 2008 As of Dec.
31, 2007
RMB US$ RMB
(Unaudited) (Audited)
ASSETS
Current assets
Cash and cash equivalents 11,416 1,628 30,909
Restricted cash 31,444 4,484 64,909
Accounts receivables, net 57,428 8,190 58,195
Inventories 49,690 7,086 41,670
Prepayments and other receivables 34,118 4,866 16,160
Total current assets 184,096 26,254 211,842
Property, plant and equipment,
net 223,346 31,852 228,309
Construction in progress 290,926 41,490 265,253
Lease prepayments, net 22,915 3,268 22,290
Deposit 26,000 3,708 --
Intangible assets 3 0.4 36
Goodwill 10,276 1,465 10,276
Deferred tax assets 969 138 969
Total assets 758,531 108,176 738,975
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Short-term borrowings 185,669 26,479 188,027
Accounts payables 21,300 3,038 19,609
Accrued expenses and other
payables 30,209 4,308 18,544
Deferred tax liabilities 265 38 265
Total liabilities 237,443 33,863 226,445
Shareholders' equity
Ordinary shares of US$0.129752
par value; 20,000,000 shares
authorized; 13,062,500 issued
and outstanding 13,323 1,900 13,323
Additional paid-in capital 311,907 44,482 311,907
Retained earnings 194,089 27,679 186,152
Cumulative translation adjustment 1,769 252 1,148
Total shareholders' equity 521,088 74,313 512,530
Total liabilities and
shareholders' equity 758,531 108,176 738,975
FUWEI FILMS (HOLDINGS) CO., LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME
FOR THE THREE MONTH PERIODS ENDED MARCH 31, 2008 AND 2007
(amounts in thousands except share and per share value)
(UNAUDITED)
Period Ended Period Ended
Mar.31,2008 Mar. 31, 2007
RMB US$ RMB
Revenue 104,034 14,530 99,265
Cost of goods sold (82,409) (11,510) (75,709)
Gross profit 21,625 3,020 23,556
Operating expenses
- Distribution expenses (3,438) (480) (3,666)
- Administrative expenses (7,724) (1,079) (2,509)
Total operating expenses (11,163) (1,559) (6,175)
Operating income 10,463 1,461 17,381
Other income/(expense)
- Interest income 16 2 190
- Interest expense (3,790) (529) (3,150)
- Other income, net 2,241 313 331
Total other expense (1,533) (214) (2,629)
Income before income tax expense 8,930 1,247 14,752
Income tax expense (993) (139) (1,489)
Net income 7,937 1,109 13,263
Other comprehensive income
- Foreign currency translation
adjustments 620 87 3,977
Comprehensive income 8,557 1,195 17,240
Earnings per share
- Basic 0.61 0.08 1.02
- Diluted 0.61 0.08 1.02
Weighted average number of
ordinary
shares
- Basic 13,062,500 13,062,500 13,062,500
- Diluted 13,062,500 13,062,500 13,062,500
FUWEI FILMS (HOLDINGS) CO., LTD. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE THREE MONTH PERIODS ENDED MARCH 31, 2008 AND 2007
(amounts in thousands except share and per share value)
(UNAUDITED)
Period Ended
Period Ended Mar. Mar.
31, 2008 31, 2007
RMB US$ RMB
CASH FLOWS FROM OPERATING ACTIVITIES
Net income 7,937 1,109 13,263
Adjustments to reconcile net income to
net cash
Provided by operating activities
- Depreciation of property, plant and
equipment 5,909 825 5,847
- Amortization of lease prepayments
and intangible assets (149) (21) 149
- Deferred income taxes -- -- 507
- Bad debt expense 73 10 (872)
Changes in operating assets and
liabilities, net of
- Share capital contribution - rental
and interest paid by shareholders 2,756 385
- Accounts receivable 856 120 985
- Inventories (8,020) (1,120) (1,127)
- Prepaid expenses and other current
assets (18,859) (2,634) 2,054
- Accounts payable 1,695 237 4,913
- Accrued expenses and other payables 11,667 1,629 834
Net cash provided by operating
activities 4,162 581 26,553
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and
equipment (946) (132) (134)
Restricted cash related to trade
finance 33,464 4,674 13,900
Addition to construction in progress (25,673) (3,586) (47,604)
Deposit for purchase (26,000) (3,631)
Net cash used in investing activities (19,155) (2,675) (33,838)
CASH FLOW FROM FINANCING ACTIVITIES
Principal payments of short-term bank
loans (12,869) (1,797) (237,670)
Proceeds from short-term bank loans 11,139 1,556 169,090
Net cash used in financing activities (1, 730) (242) (68,580)
Effect of foreign exchange rate changes (2,770) (273) (1,008)
Net increase/(decrease) in cash and
cash equivalent (1,9,493) (2,609) (76,798)
- Cash and cash equivalent at
beginning of period 30,909 4,237 253,250
- Cash and cash equivalent at end of
period 11,416 1,628 176,452
Supplemental disclosure of cash flow
information
Cash paid during the period for
- Interest paid 2,966 414 4,774
- Income taxes paid 802 112 --
Fuwei Films (Holdings) Co. Limited
CONTACT: In China: Christina He, Investor Relations Manager at +86-10- 8518-5620 or fuweiIR@fuweifilms.com; or in the U.S.: Leslie Wolf-Creutzfeldt, Investor Relations at Grayling Global at +1-646-284-9472 or lwolf- creutzfeldt@hfgcg.com
Web Site: http://www.fuweiholdings.com/
NetDragon annonce ses premiers résultats trimestriels de 2008 : le chiffre d'affaires grimpe de 63,7 %, comparativement à la même période de l'année dernière
HONG KONG, May 15 /PRNewswire/ --
L'un des principaux développeurs et exploitants de jeux vidéo en RPC,
NetDragon Websoft Inc. (<< NetDragon >> ou la << Société >>, avec toutes ses
filiales, le << Groupe >> ; code boursier : 8288.HK), a présenté aujourd'hui
ses résultats non vérifiés pour les trois mois clos le 31 mars 2008 (la
<< période considérée >>), représentant ses premiers résultats trimestriels
de 2008.
Les faits marquants
-- Le chiffre d'affaires total s'élève à approximativement
175 556 000 RMB, ce qui représente une augmentation de près de
63,7 %, comparativement à la même période de l'année
précédente.
-- Les bénéfices bruts et les bénéfices de la période étaient
d'approximativement 159 023 000 RMB et 69 934 000 RMB
respectivement, ce qui représente des augmentations de près de
57,7 % et 19,6 % par rapport à la période correspondante de
2007.
-- Les directeurs ne recommandent aucun paiement de dividendes
intermédiaires pour les trois mois clos le 31 mars 2008.
Principaux faits financiers et commerciaux
L'augmentation du chiffre d'affaires total du Groupe est essentiellement
due à la popularité continue de ses principaux jeux tels que Conquer Online,
Eudemons Online, Zero Online et Tou Ming Zhuang Online. Afin d'améliorer la
qualité de ces jeux, le Groupe a permis aux joueurs de télécharger
gratuitement des mises à niveau pour chacun d'entre eux, et ce chaque
semaine.
Eudemons Online -- Ce jeu est un jeu de rôle en ligne massivement
multi-joueurs (MMORPG) 2.5D qui s'adresse aux joueurs appréciant les jeux de
fiction avec des personnages diaboliques, et il a été lancé à la fin du mois
de mars 2006. Le chiffre d'affaires qu'il a généré pendant la période
considérée s'élève à approximativement 105,4 millions RMB, ce qui représente
une augmentation de près de 37,4 %, comparativement à la même période de
l'année précédente, et un apport général au chiffre d'affaires total du
Groupe d'environ 60 %. Durant la période de référence, le jeu a obtenu un PCU
(Peak Concurrent User) et un ACU (Average Concurrent User) de 479 000 et
210 000 respectivement, ce qui représente une hausse de près de 9,4 % et une
baisse de près de 1,4 % respectivement, lorsqu'on les compare à la même
période de l'année dernière. Le Groupe a également conclu un accord de
concession de licence avec UserJoy Technology Co., Ltd. pour l'exploitation
d'une version en chinois traditionnel d'Eudemons Online à Taïwan. Selon les
prévisions, le jeu sera lancé à Taïwan cet été.
Conquer Online -- Ce jeu est un MMORPG 2.5D visant les joueurs qui
apprécient les jeux évoquant l'esprit héroïque de l'ancienne ère guerrière,
et il a été lancé en septembre 2003. Au cours de la période considérée, il a
généré un chiffre d'affaires de près de 39,4 millions de RMB, et il a apporté
approximativement 22,4 % du chiffre d'affaires total du Groupe. Ce jeu a
obtenu un PCU et un ACU de près de 99 000 et 64 000 respectivement durant la
période de référence, ce qui représente des augmentations respectives de près
de 16,5 % et de 4,9 % par rapport à la même période de l'année précédente.
Zero Online -- Ce jeu est un MMORPG 2.5D destiné aux joueurs qui
apprécient les jeux de combats de robots, et il a été lancé à la fin du mois
d'avril 2007. Le chiffre d'affaires généré par Zero Online durant la période
de référence est de l'ordre de 19,3 millions RMB approximativement, et il a
apporté près de 11 % du chiffre d'affaires total du Groupe. Il a obtenu un
PCU et un ACU de près de 67 000 et 30 000 respectivement, durant la période
de référence. Le Groupe a également conclu un accord de concession de licence
avec Wayi International Digital pour l'exploitation d'une version en chinois
traditionnel de Zero Online à Taïwan.
Tou Ming Zhuang Online -- Ce jeu est un MMORPG basé sur le film en
costumes orientaux du même nom qui a été produit grâce aux efforts conjoints
de NetDragon et de China Film Group. Le jeu a été lancé à la fin de l'année
2007 et il a déjà généré près de 11,2 millions de RMB de chiffre d'affaires,
en apportant approximativement 6,4 % du chiffre d'affaires total du Groupe
durant la période de référence. Il a obtenu un PCU et un ACU de près de
24 000 et de 9 000 respectivement, durant la période considérée.
Sur la base de ses résultats exceptionnels et de ses perspectives
extrêmement favorables pour un futur développement, le Groupe a été reconnu
en janvier 2008 comme l'une des meilleures petites et moyennes entreprises
chinoises de 2008 (<< China's Best Small and Medium Sized Enterprises
2008 >>) par Forbes, la revue financière de renommée internationale (édition
chinoise). En outre, le tout dernier jeu du Groupe, << Way of the Five >>, a
été officiellement reconnu par le Ministère chinois de la culture comme un
<< jeu en ligne qui convient aux enfants >>. De plus, les valeurs mobilières
de la Société seront cotées à l'indice MSCI Chine à la fin du mois de mai
2008.
Perspectives commerciales
Actuellement, le Groupe développe activement trois MMORPG 2.5D, à savoir
<< Heroes of Might and Magic Online >>, << Way of the Five >> et << Tian
Yuan >>. Selon les prévisions, << Heroes of Might and Magic Online >> et
<< Way of the Five >> seront lancés au cours du second trimestre de cette
année, tandis que << Tian Yuan >> devrait être commercialisé au troisième
trimestre.
M. Liu Dejian, président de NetDragon, a conclu : << En attendant, nous
poursuivrons nos efforts afin de renforcer encore plus les capacités de
développement de nos principaux jeux. Nous le ferons en recrutant des
développeurs de jeux plus expérimentés, en mettant au point un logiciel de
développement de jeux pour remplacer certaines opérations manuelles, et en
achetant quelques ordinateurs supplémentaires et certains logiciels
nécessaires pour le développement de jeux avancé. Nous consoliderons
également notre position actuelle de leader grâce à différentes stratégies
commerciales. >>
<< En outre, le conseil a demandé d'avoir ses actions cotées sur le
tableau principal de la bourse de Hong Kong en guise de présentation, une
démarche qui pourrait offrir de nouvelles avancées pour notre futur
développement commercial.>>
À propos de NetDragon Websoft Inc.
NetDragon Websoft Inc. est l'un des principaux développeurs et
exploitants de jeux vidéo en ligne en RPC. Le portefeuille de jeux du Groupe
comprend une gamme de jeux MMORPG (jeux de rôle en ligne massivement
multi-joueurs, de l'anglais Massively Multiplayer Online Role-Playing Games)
qui répondent aux différentes préférences de jeux et satisfont différents
types de joueurs. Le Groupe a développé et commercialisé avec succès de
nombreux jeux en ligne très populaires et dans plusieurs styles. Son offre de
jeux actuelle comprend << Eudemons Online >>, << Conquer Online >>, << Zero
Online >>, << Tou Ming Zhuang Online >>, << Era of Faith >>, et << Monster &
Me >>. Certains des jeux sont disponibles en langues étrangères, notamment
l'anglais, le français et l'espagnol. Le Groupe a également trois nouveaux
jeux en cours de développement, à savoir << Heroes of Might and Magic
Online >>, << Way of the Five >> et << Tian Yuan >>, qui seront
vraisemblablement lancés en 2008. La société NetDragon est cotée sur marché
GEM de la bourse de Hong Kong depuis le 2 novembre 2007 (code boursier :
8288.HK). Pour de plus informations, veuillez consulter le site
http://www.nd.com.cn.
Publié par Porda International (Finance) PR Group pour et au nom de
NetDragon Websoft Inc. Pour obtenir de plus amples informations, veuillez
contacter :
NetDragon Websoft Inc.
Mme Angelina Li (responsable des relations avec les
investisseurs)
Tél.: +852-6303-1722 ou +86-1380-9508-688
Fax : +852-2850-7066
Courrier électronique : angelinali@nd.com.hk
Annexe :
Le tableau ci-dessous montre la répartition du chiffre d'affaires du
Groupe par jeu en ligne sur :
Trois mois clos le 31 mars
2008 2007
RMB'000 % RMB'000 %
Eudemons Online 105 395 60,0 76 684 71,5
Conquer Online 39 43 22,4 29 883 27,8
Zero Online 19 271 11,0 -- --
Tou Ming Zhuang Online 11 173 6,4 -- --
Autres 280 0,2 707 0,7
CA total 175 556 100,0 107 274 100,0
NetDragon Websoft Inc.
Mme Angelina Li (responsable des relations avec les investisseurs), +852-6303-1722, ou +86-1380-9508-688, ou fax : +852-2850-7066, ou angelinali@nd.com.hk
Verizon Business Expands Access to Global Audio-Conferencing ServicesCustomers Globally Now Benefit From Cost Effective Local Conferencing Access From China
BASKING RIDGE, N.J., May 14 /PRNewswire/ -- Verizon Business has further expanded global access to its audio-conferencing services, enabling even more of its multinational customers to realize cost efficiencies by accessing audio meetings through local dial-in numbers from around the globe.
The company, a leading global provider of audio, Web and video-conferencing services, has expanded Verizon Global Access services in China, enabling customers anywhere in the country to join audio conferences for the cost of a local call from landline or mobile phones. A local national access number, now accessible from more than 300 cities within China, routes directly to Verizon Business' global conferencing service.
In addition, the company is planning to soon launch new country access points in Estonia, Latvia, Romania and the Middle East. This continued expansion is designed to ensure customers have access to conferencing services from all key business centers around the world, supporting customers' evolving business needs.
"Global connectivity with a high level of local reach is one of the key differentiating factors for any conferencing service, especially with businesses being increasingly globalized," said Pranabesh Nath, industry analyst at global growth consulting company Frost & Sullivan. "Many corporations today are also looking for a larger presence in China. By increasing the local access points in such a substantial manner, Verizon Business has met some of the key requirements for most businesses in China: cost-effective communications with worldwide offices and business partners; vast local reach for high flexibility, anywhere access; and high-quality conferencing services with their robust network."
Verizon Business' audio conferencing services utilize the company's expansive network capabilities, offering customers a high-quality, simple means of collaborating around the world. Customer calls are connected through local access points to provide customers with a cost-effective means of improving communication and productivity in globally dispersed teams. Millions of audio conference meetings using Verizon Business solutions are currently held every month.
"Achieving cost-effective global collaboration continues to be a key objective for multinational corporations," said Roberta Mackintosh, executive director, global voice, Verizon Business. "More access points make it easier for companies to cost-effectively enhance their productivity and business performance as they expand in high-growth economies around the world."
Mackintosh concluded, "Our customers are showing more interest than ever in collaboration. With growing awareness of the impact of business travel on the environment, companies are experiencing increased pressure from customers, employees and regulatory bodies to reduce their overall carbon footprint. Our audio-conferencing service is part of an integrated and expanding portfolio of collaboration solutions, which are designed to support our customers' own business needs."
With more than 30 years' experience delivering conferencing services, Verizon Business is a pioneer in the conferencing industry. The company offers the convenience of one-stop shopping and a wide range of global customised products and services, including audio, video and net conference services, IP-based services, and some of the most advanced meeting tools available today.
About Verizon Business
Verizon Business, a unit of Verizon Communications , is a global IP leader and network-based partner for delivering integrated communications and information technology (IT) solutions to large-business and government customers worldwide. Combining unsurpassed reach with managed services, security, mobility, collaboration and professional services capabilities, Verizon Business delivers global solutions that power innovation and enable its customers to do business better. For more information, visit http://www.verizonbusiness.com/.
Verizon Business
CONTACT: Junaidah Dahlan, Verizon Business, +65 6248 6827, junaidah.dahlan@sg.verizonbusiness.com, Debbie Lewis, +1-610-257-7974, debbie.lewis@verizon.com
Web site: http://www.verizon.com/ http://www.verizonbusiness.com/
Company News On-Call: http://www.prnewswire.com/comp/618232.html
China Recycling Energy Corp. Announces Preliminary Financials for First Quarter 2008 and Provide Guidance for FY 2008 and 2009
XI'AN, China, May 14 /Xinhua-PRNewswire-FirstCall/ -- China Recycling Energy Corp. (BULLETIN BOARD: CREG) ("CREG" or "the Company"), a leading industrial waste-to-energy solution provider in China, today announced its preliminary financials for the first quarter of 2008 and full year guidance for fiscal year 2008 and 2009.
In the first quarter of 2008, the Company's total revenue was around US$ 0.56 million. For the full year of 2008, revenue is expected to be in the range of US$17 million to US$19 million, and net income excluding non-cash items to be between US$4.5 million to US$5 million. For full year 2009, revenue will reach the range of US$33 million and US$36 million, net income excluding non cash items will be around US$10 million.
"We are very excited about the growth prospect of our businesses in China, as more and more industrial companies are under tremendous pressure with mounting utility bills and tightening pollution regulations," said Mr. Guangyu Wu, CEO of CREG. "We provide a one-stop solution for many fast- growing Chinese steel mills and cement factories to improve energy efficiency and expand recycling program."
The Company is scheduled to report the first quarter financial results on May 15, 2008 after the market closes.
About China Recycling Energy Corp.
China Recycling Energy Corp. (BULLETIN BOARD: CREG) ("CREG" or "the Company") is based in Xi'an, China and provides environmentally friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories and coke plants in China. Byproducts include heat, steam, pressure, and exhaust to generate large amounts of lower-cost electricity and reduce the need for outside electrical sources. The Chinese government has adopted policies to encourage the use of recycling technologies to optimize resource allocation and reduce pollution. Currently, recycled energy represents only an estimated 1% of total energy consumption and this renewable energy resource is viewed as a growth market due to intensified environmental concerns and rising energy costs as the Chinese economy continues to expand. The management and engineering teams have over 20 years of experience in industrial energy recovery in China.
For more information about CREG, please visit http://www.creg-cn.com/ .
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of China Recycling Energy Corp. and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov/. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
In China:
Mr. Zhigang Wu
Investor Relations
China Recycling Energy Corp.
Tel: +86-29-8765-1096
Email: tch@creg-cn.com
In the U.S.:
Mr. Valentine Ding
Investor Relations
Grayling Global
Tel: +1-646-284-9412
Email: vding@hfgcg.com
China Recycling Energy Corp.
CONTACT: In China: Mr. Zhigang Wu, Investor Relations at China Recycling Energy Corp. at +86-29-8765-1096 or tch@creg-cn.com; In the U.S.: Mr. Valentine Ding, Investor Relations at Grayling Global at +1-646-284-9412 or vding@hfgcg.com for China Recycling Energy Corp.
Web site: http://www.creg-cn.com/
Dr. Henry Samueli and David A. Dull Take Leaves of Absence as Executive Officers of BroadcomDr. Samueli also Resigns from the Broadcom Board of Directors
IRVINE, Calif., May 14 /PRNewswire-FirstCall/ -- Broadcom Corporation announced today that Chairman of the Board and Chief Technical Officer, Dr. Henry Samueli, and Senior Vice President and General Counsel, David A. Dull, have each taken leaves of absence as executive officers of Broadcom pending resolution of a civil complaint filed against them today by the U.S. Securities and Exchange Commission relating to its previously- disclosed investigation of Broadcom's historical stock option granting practices.
Also pending resolution of the civil action, Dr. Samueli has resigned as a member of the Board of Directors and as Chairman of the Board of Directors of the company. The Board has named John E. Major, an independent director of the company since January 2003, to serve as non-executive Chairman of the Board of Directors.
Mr. Major made the following statement:
"While we will not be commenting on the allegations made in the SEC's complaint against Henry and David, or against other former Broadcom employees, it is important to note that the government's charges pertain to events that occurred half a decade to nearly a decade ago."
"In mid-2003 the company significantly strengthened its equity award practices, putting into place rigorous processes for equity awards. We believe that the company's current practices are among the best anywhere. In early 2007, our Audit Committee, comprised entirely of independent directors, engaged independent counsel to determine that Broadcom's current equity granting processes are appropriate and sound and have been consistently adhered to since June 2003."
"The Board is also confident that the company has built strong teams under the office of the Chief Technical Officer (CTO) and within the Legal Department that will discharge the daily business of the company and carry forward our strategic initiatives without missing a beat."
While Dr. Samueli and Mr. Dull are on leaves of absences from their elected officer posts (CTO and Senior Vice President and General Counsel, respectively), they will continue to serve as non-officer employees of the company, reporting to President and Chief Executive Officer, Scott A. McGregor, in their areas of expertise - Dr. Samueli in technology and Mr. Dull in strategic initiatives and litigation matters. They will not be involved in matters dealing with corporate governance, the company's financial reporting or public disclosures, and will no longer have the power to bind the Company under agreements. Dr. Samueli will not be standing for re-election to the Board of Directors at the company's 2008 Annual Meeting of Shareholders.
Last month, Broadcom entered into a settlement with the SEC relating to the SEC's investigation of Broadcom's historical stock option granting practices. Without admitting or denying the SEC's allegations, Broadcom agreed to pay a civil penalty of $12 million. The U.S. District Court for the Central District of California approved the settlement at the end of April 2008, thus concluding the SEC's investigation of this matter with respect to Broadcom.
Note to Editors
Broadcom's President and Chief Executive Officer, Scott A. McGregor, joined the company in January 2005. Senior Vice President and Chief Financial Officer Eric K. Brandt joined Broadcom in March 2007.
About Broadcom
Broadcom Corporation is a major technology innovator and global leader in semiconductors for wired and wireless communications. Broadcom(R) products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. We provide the industry's broadest portfolio of state-of-the-art system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. These solutions support our core mission: Connecting everything(R).
Broadcom is one of the world's largest fabless semiconductor companies, with 2007 revenue of $3.78 billion, and holds over 2,600 U.S. and 1,200 foreign patents, more than 7,450 additional pending patent applications, and one of the broadest intellectual property portfolios addressing both wired and wireless transmission of voice, video, data and multimedia.
Broadcom is headquartered in Irvine, Calif., and has offices and research facilities in North America, Asia and Europe. Broadcom may be contacted at +1.949.926.5000 or at http://www.broadcom.com/.
Cautions Regarding Forward Looking Statements:
All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward- looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. Examples of such forward-looking statements include, but are not limited to, references to our ability to implement our strategic initiatives going forward. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.
These risks and uncertainties include, but are not limited to:
-- general economic and political conditions and specific conditions in
the markets we address, including the continuing volatility in the
technology sector and semiconductor industry, trends in the broadband
communications markets in various geographic regions, including
seasonality in sales of consumer products into which our products are
incorporated, and possible disruption in commercial activities related
to terrorist activity or armed conflict;
-- the timing, rescheduling or cancellation of significant customer orders
and our ability, as well as the ability of our customers, to manage
inventory;
-- the gain or loss of a key customer, design win or order;
the rate at which our present and future customers and end-users adopt
Broadcom's technologies and products in our target markets;
our ability to scale our operations in response to changes in demand
for our existing products and services or demand for new products
requested by our customers;
-- our ability to specify, develop or acquire, complete, introduce, market
and transition to volume production new products and technologies in a
cost-effective and timely manner;
our dependence on a few significant customers for a substantial portion
of our revenue;
-- risks and uncertainties resulting from Broadcom's recent equity award
review, including potential claims and proceedings related to such
matters, such as shareholder litigation and any action by the SEC, U.S.
Attorney's Office or other governmental agency that could result in
civil or criminal sanctions against the company and/or certain of our
current or former officers, directors or employees, or other actions
taken or required as a result of the review;
-- intellectual property disputes and customer indemnification claims and
other types of litigation risk;
-- our ability to retain, recruit and hire key executives, technical
personnel and other employees in the positions and numbers, with the
experience and capabilities, and at the compensation levels needed to
implement our business and product plans;
-- the effectiveness of our expense and product cost control and reduction
efforts;
-- the quality of our products and any potential remediation costs;
the availability and pricing of third party semiconductor foundry,
assembly and test capacity and raw materials;
-- the risks of producing products with new suppliers and at new
fabrication and assembly and test facilities;
-- problems or delays that we may face in shifting our products to smaller
geometry process technologies and in achieving higher levels of design
integration;
-- our ability to timely and accurately predict market requirements and
evolving industry standards and to identify opportunities in new
markets;
-- delays in the adoption and acceptance of industry standards in our
target markets; changes in our product or customer mix; the volume of
-- our product sales and pricing concessions on volume sales;
-- competitive pressures and other factors such as the qualification,
availability and pricing of competing products and technologies and the
resulting effects on sales and pricing of our products;
-- the timing of customer-industry qualification and certification of our
products and the risks of non-qualification or non-certification;
-- fluctuations in the manufacturing yields of our third party
semiconductor foundries and other problems or delays in the
fabrication, assembly, testing or delivery of our products;
-- the risks and uncertainties associated with our international
operations, particularly in light of terrorist activity, armed conflict
or political unrest; and
-- the level of orders received that can be shipped in a fiscal quarter.
Our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release speak only as of the date they are made. We undertake no obligation to revise or update publicly any forward-looking statement, except required by law.
Broadcom(R), the pulse logo, Connecting everything(R) and the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.
Broadcom Media Relations Contact
Bill Blanning
Vice President, Global Media Relations
949-926-5555
blanning@broadcom.com
Broadcom Investor Relations
T. Peter Andrew
Vice President, Corporate Communications
949-926-5663
andrewtp@broadcom.com
Photo: http://www.newscom.com/cgi-bin/prnh/20060609/BROADCOMLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Broadcom Corporation; BRCM Corporate
CONTACT: Media Relations, Bill Blanning, Vice President, Global Media Relations, +1-949-926-5555, blanning@broadcom.com, or Investor Relations, T. Peter Andrew, +1-949-926-5663, andrewtp@broadcom.com, both of Broadcom Corporation
Web site: http://www.broadcom.com/
AT&T Wins Award From the Department of Homeland Security for Advanced Networking SolutionAT&T Receives $292 Million Award Via Networx Universal Contract to Help Build Data Network Solution
VIENNA, Va., May 14 /PRNewswire-FirstCall/ -- AT&T Government Solutions, a business unit of AT&T Inc. , has announced that it has won a $292 million award from the U.S. Department of Homeland Security (DHS).
AT&T Government Solutions, which has 4,000 employees dedicated to serving the federal government, will serve as the secondary network service provider in the Eastern region as well as for the Western region for OneNet, an advanced, next-generation network. OneNet will consolidate seven legacy Wide Area Networks (WANs) into one secure Internet Protocol (IP) network infrastructure that will facilitate the future convergence of IP and wireless while driving data sharing across all components of DHS.
The award was made via the General Services Administration Networx Universal contract, a 10-year $20 billion contract vehicle that allows AT&T Government Solutions and others to provide a full range of telecommunications and related network services to the federal government.
"The Department of Homeland Security is tasked with the critical mission of leading the unified national effort to protect our country from a wide variety of constantly changing threats," said Don Herring, senior vice president, AT&T Government Solutions. "AT&T looks forward to serving DHS as a trusted long-term transformational provider for OneNet."
AT&T currently provides a wide array of voice and data services to DHS agencies, such as the U.S. Customs and Border Protection, U.S. Immigration Customs Enforcement, Transportation Security Administration and others.
About AT&T Government Solutions
AT&T Government Solutions is a long-standing, trusted source of network-enabled solutions for the federal government, integrating unmatched network resources and IT and software engineering expertise with innovative technologies from AT&T Labs and industry-leading partners. With headquarters in Vienna, Va., AT&T Government Solutions is best known for network leadership in voice, data, video and managed services. AT&T Government Solutions is a proven solutions integrator, with expertise in areas such as education and training, enterprise resource planning and management, information assurance, knowledge management, modeling and simulation, network transformation and management and program management.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Alex Kepnes, +1-703-575-8900, alex.kepnes@fleishman.com, for AT&T Inc.
Web site: http://www.att.com/
Verizon Business Expands Access to Global Audio-Conferencing Services
BASKING RIDGE, New Jersey, May 15 /PRNewswire/ --
- Customers Globally Now Benefit From Cost Effective Local Conferencing
Access From China
Verizon Business has further expanded global access to its
audio-conferencing services, enabling even more of its multinational
customers to realise cost efficiencies by accessing audio meetings through
local dial-in numbers from around the globe.
The company, a leading global provider of audio, Web and
video-conferencing services, has expanded Verizon Global Access services
in China, enabling customers anywhere in the country to join audio
conferences for the cost of a local call from landline or mobile phones. A
local national access number, now accessible from more than 300 cities within
China, routes directly to Verizon Business' global conferencing service.
In addition, the company is planning to launch new country access points
in Estonia, Latvia, Romania and the Middle East shortly. This continued
expansion is designed to ensure customers have access to conferencing
services from all key business centres around the world, supporting
customers' evolving business needs.
"Global connectivity with a high level of local reach is one of the key
differentiating factors for any conferencing service, especially with
businesses being increasingly globalized," said Pranabesh Nath, Industry
Analyst at global growth consulting company, Frost & Sullivan. "Many
corporations today are also looking for a larger presence in China. By
increasing the local access points in such a substantial manner, Verizon
Business has met some of the key requirements for most businesses in China -
cost effective communications with worldwide offices and business partners;
vast local reach for high flexibility, anywhere access; and high quality
conferencing services with their robust network."
Verizon Business' audio conferencing services utilise the company's
expansive network capabilities, offering customers a high-quality, simple
means of collaborating around the world. Customer calls are connected through
local access points to provide customers with a cost-effective means of
improving communication and productivity in globally dispersed teams.
Millions of audio conference meetings using Verizon Business solutions are
currently held every month.
"Achieving cost-effective global collaboration continues to be a key
objective for multinational corporations," said Roberta Mackintosh, executive
director, global voice, Verizon Business. "More access points make it easier
for companies to cost-effectively enhance their productivity and business
performance as they expand in high-growth economies around the world."
Mackintosh concluded, "Our customers are showing more interest than ever
in collaboration. With growing awareness of the impact of business travel on
the environment, companies are experiencing increased pressure from
customers, employees and regulatory bodies to reduce their overall carbon
footprint. Our audio-conferencing service is part of an integrated and
expanding portfolio of collaboration solutions, which are designed to support
our customers' own business needs."
With more than 30 years' experience delivering conferencing services,
Verizon Business is a pioneer in the conferencing industry. The company
offers the convenience of one-stop shopping and a wide range of global
customised products and services, including audio, video and net conference
services, IP-based services, and some of the most advanced meeting tools available
today.
About Verizon Business
Verizon Business, a unit of Verizon Communications (NYSE: VZ), is a
global IP leader and network-based partner for delivering integrated
communications and information technology (IT) solutions to large-business
and government customers worldwide. Combining unsurpassed reach with managed
services, security, mobility, collaboration and professional services
capabilities, Verizon Business delivers global solutions that power
innovation and enable its customers to do business better. For more
information, visit www.verizonbusiness.com.
Web site: http://www.verizonbusiness.com
Verizon Business
Junaidah Dahlan, Verizon Business, +65-6248-6827, junaidah.dahlan@sg.verizonbusiness.com/Company News On-Call: http://www.prnewswire.com/comp/618232.html
Verizon Business développe l'accès à ses services d'audioconférence internationaux
PUTEAUX, France, May 15 /PRNewswire/ --
- Ses clients bénéficient désormais d'un accès plus économique
aux services de conférence depuis la Chine
Verizon Business poursuit le développement international de
ses services d'audio conférence afin de permettre à ses clients du monde
entier d'y avoir accès via un numéro d'appel local et ainsi de réaliser
d'importantes économies.
Ce leader des services de conférence Web, audio et vidéo
propose désormais ses services Verizon Global Access en Chine, permettant
ainsi à ses clients, où qu'ils soient sur le territoire, de prendre part à
des audioconférences au tarif d'un appel local par poste fixe ou téléphone
mobile. Un numéro d'accès national, à présent accessible depuis plus de 300
villes de Chine, dirige automatiquement les appels vers le service global de
conférence de Verizon Business.
La société prévoit également la prochaine mise en place de
nouveaux points d'accès en Estonie, en Lettonie, en Roumanie et dans le
Moyen-Orient. L'objectif à long terme de ce développement progressif est
d'équiper tous les principaux centres d'affaires du globe d'un point d'accès
à ces services de conférence, en réponse aux besoins des entreprises, en
perpétuelle évolution.
<< A l'ère de la mondialisation des entreprises, un service de
connectivité internationale se doit à présent d'être aisément accessible en
local pour se distinguer de la concurrence >>, explique Pranabesh Nath,
analyste spécialiste du développement des entreprises à l'international chez
Frost & Sullivan. << Qui plus est, de nombreuses entreprises tentent
aujourd'hui d'accroître leurs activités en Chine. Verizon Business y a donc
multiplié le nombre de ses points d'accès locaux pour répondre aux
principales demandes de la plupart des entreprises chinoises, à savoir un
service de communication efficace, assuré par un fournisseur présent partout
dans le monde et soutenu par des partenaires commerciaux internationaux,
accessible depuis de nombreux points d'accès locaux pour plus de flexibilité
et supportés par un réseau robuste, gage de services de conférence d'une
qualité optimale. >>
Les services d'audioconférence de Verizon Business exploitent
les capacités de son vaste réseau, offrant ainsi à ses clients l'assurance de
pouvoir collaborer avec l'ensemble de leurs partenaires commerciaux à travers
le monde en toute simplicité, par le bais de services d'une qualité
irréprochable. Des points d'accès locaux permettent à leurs collaborateurs
dispersés aux quatre coins du monde de communiquer de manière efficace et
économique pour gagner en productivité. Le nombre d'audioconférences établies
chaque mois dans le monde par le biais des solutions Verizon Business se
compte aujourd'hui en millions.
<< La collaboration économique à l'international continue de
figurer parmi les priorités des multinationales >>, commente Roberta
Mackintosh, directrice des solutions Voix à l'international chez Verizon
Business. << Ces nouveaux points d'accès aideront les sociétés désireuses
d'étendre leurs activités à l'international à gagner en productivité et en
performance. >>
Mme Mackintosh conclut : << Nos clients montrent un intérêt
grandissant pour les solutions collaboratives De plus en plus conscients de
l'impact négatif des déplacements professionnels sur l'environnement, les
clients, collaborateurs et autorités locales exercent une forte pression sur
les entreprises afin qu'elles réduisent leurs émissions de gaz carbonique.
Notre service d'audioconférence, partie intégrante de notre portefeuille
intégré de solutions de collaboration en constante évolution, répond
justement à ces besoins exprimés par nos clients. >>
Fort de plus de 30 ans d'expérience, Verizon Business est un
véritable pionnier de l'industrie de la conférence. Il a su développer un
portefeuille exhaustif de produits et services personnalisés, disponibles à
l'international, tels que des services de conférence Web, audio et vidéo, des
services IP et des outils de réunion basées sur les technologies les plus à
la pointe sur le marché.
A propos de Verizon Business
Verizon Business, une division de Verizon Communications, figure parmi
les principaux opérateurs de réseaux et fournisseurs de solutions intégrées
dans le domaine des technologies de l'information et de la communication
(TIC), à l'attention des grandes entreprises et des administrations du monde
entier. Grâce à son réseau de portée internationale, ses services
d'infogérance, ses atouts de sécurité, de mobilité et de collaboration, ainsi
que ses services d'assistance professionnels, Verizon Business procure à ses
clients du monde entier des solutions aptes à stimuler l'innovation pour
améliorer leurs performances. Pour en savoir plus, rendez-vous sur :
www.verizonbusiness.com.
Site Web: http://www.verizonbusiness.com
Verizon Business
Contacts presse: Martial Pluque, +33-(0)1-41-06-18-08, martial@axicom-france.com; Agathe Derégnaucourt, +33-(0)1-41-06-18-27, agathe@axicom-france.com; Frédéric Aurivel, +33-(0)1-70-73-78-86, frederic.aurivel@fr.verizonbusiness.com; Company News On-Call: http://www.prnewswire.com/comp/618232.html
News Archives of May 2008
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
News Archives other dates
2009: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2008: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2007: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2006: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec |