Companies news of 2008-05-21 (page 1)
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Salesforce.com Announces Record Fiscal First Quarter ResultsFirst Ever...
Synopsys Posts Financial Results for Second Quarter Fiscal Year 2008
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SAIC Awarded $34 Million Task Order By Naval Surface Warfare Center - Crane DivisionCompany to Support Missile Defense Systems
SAN DIEGO and MCLEAN, Va., May 21 /PRNewswire-FirstCall/ -- Science Applications International Corporation today announced it has been awarded a task order by Naval Surface Warfare Center (NSWC) Crane, Ind. Under the task order, SAIC will provide technical, engineering and data management services in support of the Missile Defense Agency. The task order has a two- year base period of performance, three one-year options and a maximum value of more than $34 million if all options are exercised. The task order was awarded under the Seaport-e contract. Work will be performed in Huntsville, Ala and at NSWC Crane.
SAIC will provide technical, engineering, data management, logistics and project management support to help maintain the serviceability and readiness of missile assets. SAIC will also help manage information databases for the Consolidated Missile Assets Reuse for Targets (CMART) Program.
"SAIC is proud to continue our support of NSWC Crane's mission as a provider of expertise for missile defense systems," said Tom Baybrook, SAIC senior vice president and business unit general manager. "We look forward to helping our customer reutilize government agency hardware for target programs, configuration management documentation, and tracking systems to ensure flight readiness."
About SAIC
SAIC is a FORTUNE 500(R) scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 44,000 employees serve customers in the Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. SAIC had annual revenues of $8.9 billion for its fiscal year ended January 31, 2008. For more information, visit http://www.saic.com/.
SAIC: From Science to Solutions(R)
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward- looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2008, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
Contact: Melissa Koskovich Laura Luke
(703) 676-6762 (703) 676-6533
Melissa.l.koskovich@saic.com laura.luke@saic.com
SAIC
CONTACT: Melissa Koskovich, +1-703-676-6762, Melissa.l.koskovich@saic.com; Laura Luke, +1-703-676-6533, laura.luke@saic.com, both of SAIC
Web site: http://www.saic.com/
Salesforce.com Announces Record Fiscal First Quarter ResultsFirst Ever Software-as-a-Service Company to Exceed $950M Annual Revenue Run Rate- Record Revenue of $248 Million, up 52% Year-Over-Year- Record Operating Cash Flow of $84 Million, up 128% Year-Over-Year- GAAP EPS of $0.08, up from $0.01 Year-Over-Year- Net Paying Customers Rise 2,600 to a record 43,600- Total Cash and Marketable Securities Increases $303 Million Year-Over-Year to $751 Million- Company Raises FY09 Revenue & GAAP EPS Guidance to $1.060 - $1.065 Billion and $0.33 - $0.34 Respectively
SAN FRANCISCO, May 21 /PRNewswire-FirstCall/ -- Salesforce.com , the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS), today announced results for its fiscal first quarter ended April 30, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO)
"First quarter revenues were up 52% year-over-year, and well above our guidance," said Marc Benioff, Chairman and CEO. "And our growing profitability contributed to GAAP EPS of eight cents per share, up from one cent a year ago, and record operating cash of $84M, an increase of 128% from the prior year. Salesforce.com has now generated more than a quarter billion dollars of operating cash in the last 12 months alone."
Salesforce.com delivered the following results for its first quarter fiscal year 2009:
Revenue: Total Q1 revenue was $247.6 million, an increase of 52% on a
year-over-year basis and an increase of 14% on a quarter-over-quarter
basis. Subscription and support revenues were $225.3 million, an
increase of 53% on a year-over-year basis and an increase of 15% on a
quarter-over-quarter basis. Professional services and other revenues were
$22.3 million, an increase of 51% on a year-over-year basis and an
increase of 9% on a quarter-over-quarter basis.
Earnings per Share: Q1 GAAP diluted earnings per share were approximately
$0.08, including approximately $18 million in stock based compensation and
approximately $1.3 million in amortization of purchased intangibles
related to previously announced acquisitions. For the basis of Q1 GAAP
EPS calculations, there was an average of approximately 124 million
diluted shares outstanding during the quarter.
Customers Additions: Net paying customers rose approximately 2,600 during
the quarter to approximately 43,600. Compared with the year ago quarter,
net paying customers have grown by approximately 11,300.
Cash: Cash from operations for the fiscal first quarter was approximately
$84 million, up 128% year-over-year, up 4% from Q4, and a company record
for the 3rd consecutive quarter. Total cash, cash equivalents and
marketable securities finished the quarter at approximately $751 million,
an increase of approximately $81 million from Q4 and up approximately
$303 million from the year prior.
Deferred Revenue: Deferred revenue on the balance sheet as of April 30,
2008 was approximately $470 million, an increase of 59% on a
year-over-year basis and a decline of 2% on a quarter-over-quarter basis.
As of May 21, 2008, salesforce.com is initiating guidance for its second quarter, fiscal year 2009. In addition, for its full fiscal year 2009 the company is raising its revenue and EPS guidance.
Q2 FY09: Revenue for the company's second fiscal quarter is projected to
be in the range of approximately $258 million to approximately $259
million. GAAP diluted EPS is expected to be in the range of approximately
$0.07 to $0.08. This estimate includes the effects of stock based
compensation and the amortization of purchased intangibles. For the
second fiscal quarter, stock based compensation expense is expected to be
approximately $19 million, and the expense associated with amortization of
purchased intangibles is now expected to be approximately $1.3 million.
For purposes of the Q2 GAAP EPS calculation, the company is expecting an
average diluted shares count of approximately 125 million shares, and a
GAAP tax rate of 48%.
Full Year FY09: The company today is raising the full year revenue
guidance it provided on February 27, 2008, with revenue now expected to be
approximately $1.060 billion to approximately $1.065 billion. The company
is also raising its earnings outlook for the full year, expecting GAAP
diluted EPS to be in the range of approximately $0.33 to $0.34. GAAP EPS
estimates include the effects of stock based compensation and the
amortization of purchased intangibles. For the full fiscal year 2009,
stock based compensation expense is expected to be approximately
$83 million, and the expense associated with the amortization of purchased
intangibles is currently expected to be approximately $5.3 million. For
purposes of the full fiscal year 2009 GAAP EPS calculation, the company is
expecting an average diluted shares count of approximately 125 million
shares, and a GAAP tax rate of 48%.
Quarterly Conference Call
Salesforce.com will host a conference call to discuss its first quarter fiscal 2009 results today at 2:00 p.m. Pacific Time. A live audio webcast of the conference call, together with detailed financial information, can be accessed through the company's Investor Relations Web site at http://www.salesforce.com/investor. In addition, an archive of the webcast can be accessed through the same link. Participants who choose to call in to the conference call can do so by dialing domestically 866-901-SFDC or 866-901-7332 and internationally 706-902-1764. A replay will be available at (800) 642-1687 or (706) 645-9291, passcode 46678383, until midnight Eastern Time June 13, 2008.
About salesforce.com
Salesforce.com is the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS). The company's portfolio of SaaS applications, including its award-winning CRM, available at http://www.salesforce.com/products/, has revolutionized the ways that customers manage and share business information over the Internet. The company's Force.com PaaS enables customers, developers and partners to build powerful on-demand applications that deliver the benefits of multi-tenancy across the enterprise. Applications built on the Force.com platform, available at http://www.force.com/, can be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange marketplace available at http://www.salesforce.com/appexchange/.
As of April 30, 2008, salesforce.com manages customer information for approximately 43,600 customers including ABN AMRO, Dow Jones Newswires, Japan Post, Kaiser Permanente, KONE, Sprint Nextel, and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO-SOFTWARE.
"Safe harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements about expected revenue and GAAP earnings per share for the second fiscal quarter of 2009 and the full fiscal year 2009, and our expected tax rate, stock based compensation expense, amortization rate, and shares outstanding, the achievement of which involve risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make.
The risks and uncertainties referred to above include -- but are not limited to -- risks associated with possible fluctuations in our financial and operating results, rate of growth and anticipated revenue run rate; errors, interruptions or delays in our service or our Web hosting; breaches of our security measures; the impact of any future acquisitions, the nature of our business model; our ability to continue to release, and gain customer acceptance of, new and improved versions of our service; successful customer deployment and utilization of our existing and future services; competition; various financial aspects of our subscription model; the emerging market in which we operate; our ability to hire, retain and motivate our employees and manage our growth; changes in our customer base; technological developments; unanticipated changes in our effective tax rate; and fluctuations in the number of shares we have outstanding, the price of such shares, foreign currency exchange rates and interest rates.
Further information on these and other factors that could affect our financial results is included in the reports on Forms 10-K, 10-Q and 8-K and in other filings we make with the Securities and Exchange Commission from time to time, including our Form 10-Q that will be filed for the quarter ended April 30, 2008 and our Form 10-K for the fiscal year ended January 31, 2008. These documents are available on the SEC Filings section of the Investor Information section of our website at http://www.salesforce.com/investor.
Salesforce.com, inc. assumes no obligation and does not intend to update these forward-looking statements, except as required by law.
Copyright (c) 2008 salesforce.com, inc. All rights reserved. Salesforce and the "no software" logo are registered trademarks of salesforce.com, inc., and salesforce.com owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.
salesforce.com, inc.
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
(Unaudited)
Three Months Ended April 30,
2008 2007
Revenues:
Subscription and support $225,341 $147,690
Professional services and other 22,281 14,722
Total revenues 247,622 162,412
Cost of revenues (1):
Subscription and support 28,710 20,184
Professional services and other 22,588 18,983
Total cost of revenues 51,298 39,167
Gross profit 196,324 123,245
Operating expenses (1):
Research and development 19,767 14,121
Marketing and sales 122,704 83,925
General and administrative 38,432 25,085
Total operating expenses 180,903 123,131
Income from operations 15,421 114
Interest, net 6,722 5,007
Other income (expense) (763) 169
Income before provision for income
taxes and minority interest 21,380 5,290
Provision for income taxes (10,311) (3,842)
Income before minority interest 11,069 1,448
Minority interest in consolidated
joint venture (1,514) (718)
Net income $9,555 $730
Basic net income per share $0.08 $0.01
Diluted net income per share $0.08 $0.01
Shares used in computing basic net
income per share 119,778 114,987
Shares used in computing diluted net
income per share 124,414 120,635
(1) Amounts include stock-based
expenses, as follows:
Cost of revenues $2,675 $1,774
Research and development 2,099 1,277
Marketing and sales 8,121 5,619
General and administrative 5,170 3,342
Total stock-based
expenses $18,065 $12,012
salesforce.com, inc.
Condensed Consolidated Statements of Operations
As a percentage of total revenues:
(Unaudited)
Three Months Ended April 30,
2008 2007
Revenues:
Subscription and support 91% 91%
Professional services and other 9 9
Total revenues 100 100
Cost of revenues:
Subscription and support 12 12
Professional services and other 9 12
Total cost of revenues 21 24
Gross profit 79 76
Operating expenses:
Research and development 8 9
Marketing and sales 50 52
General and administrative 15 15
Total operating expenses 73 76
Income from operations 6 0
Interest, net 3 3
Other income (expense) 0 0
Income before provision for income
taxes and minority interest 9 3
Provision for income taxes (4) (2)
Income before minority interest 5 1
Minority interest in consolidated
joint venture (1) (1)
Net income 4% 0%
Stock-based expenses as a percentage
of total revenues, as follows:
Cost of revenues 1% 1%
Research and development 1 1
Marketing and sales 3 3
General and administrative 2 2
Total stock-based
expenses 7% 7%
salesforce.com, inc.
Condensed Consolidated Balance Sheets
(in thousands)
April 30, January 31,
2008 2008
(unaudited)
Assets
Current assets:
Cash and cash equivalents $378,548 $279,095
Short-term marketable securities 116,535 171,748
Accounts receivable, net 143,909 220,061
Deferred commissions 34,937 35,679
Deferred income taxes 7,310 7,173
Prepaid expenses and other
current assets 32,170 27,055
Total current assets 713,409 740,811
Marketable securities, noncurrent 255,550 218,957
Fixed assets, net 56,816 41,380
Deferred commissions, noncurrent 15,104 16,435
Deferred income taxes, noncurrent 32,301 26,512
Capitalized software, net 22,969 23,061
Goodwill 8,556 8,556
Other assets 14,888 13,881
Total assets $1,119,593 $1,089,593
Liabilities and stockholders'
equity
Current liabilities:
Accounts payable $19,315 $7,478
Accrued expenses and other
current liabilities 102,596 125,996
Income taxes payable 1,155 3,622
Deferred revenue 457,913 468,821
Total current liabilities 580,979 605,917
Income taxes payable, noncurrent 9,511 8,465
Long-term lease abandonment
liability and other 3,195 2,136
Deferred revenue, noncurrent 12,384 12,073
Minority interest 10,457 8,943
Total liabilities 616,526 637,534
Stockholders' equity:
Common stock 120 119
Additional paid-in capital 514,621 471,802
Accumulated other comprehensive
loss (3,643) (2,276)
Accumulated deficit (8,031) (17,586)
Total stockholders' equity 503,067 452,059
Total liabilities and stockholders'
equity $1,119,593 $1,089,593
salesforce.com, inc.
Condensed Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
Three Months Ended April 30,
2008 2007
Operating activities:
Net income $9,555 $730
Adjustments to reconcile net income
to net cash provided by operating
activities:
Minority interest 1,514 718
Depreciation and amortization 8,158 4,848
Amortization of deferred
commissions 14,723 9,039
Expenses related to stock-based
awards 18,065 12,012
Excess tax benefits from employee
stock plans (12,698) (6,286)
Changes in assets and liabilities 44,515 15,769
Net cash provided by operating
activities 83,832 36,830
Investing activities:
Changes in marketable securities 16,540 (34,212)
Capital expenditures (24,177) (15,957)
Net cash used in investing
activities (7,637) (50,169)
Financing activities:
Proceeds from the exercise of stock
options and warrants 11,485 8,300
Excess tax benefits from employee
stock plans 12,698 6,286
Principal payments on capital lease
obligations (5) (157)
Net cash provided by financing
activities 24,178 14,429
Effect of exchange rate changes (920) (206)
Net increase in cash and
cash equivalents 99,453 884
Cash and cash equivalents, beginning
of period 279,095 86,608
Cash and cash equivalents, end of
period $378,548 $87,492
salesforce.com, inc.
Additional Metrics
(Unaudited)
April 30, Jan 31, Oct 31, Jul 31,
2008 2008 2007 2007
Full Time Equivalent Headcount 2,864 2,606 2,461 2,302
Financial data (in thousands):
Cash, cash equivalents
and marketable securities $750,633 $669,800 $571,003 $497,191
Deferred revenue, current
and non-current $470,297 $480,894 $340,808 $321,852
Apr 30, Jan 31, Oct 31,
2007 2007 2006
2,243 2,070 1,807
$448,071 $412,512 $371,278
$295,672 $284,063 $219,431
Three Months Ended April 30,
2008 2007
Revenues by geography
(in thousands):
Americas $178,371 $124,452
Europe 45,164 25,574
Asia Pacific 24,087 12,386
$247,622 $162,412
As a percentage of total
revenues:
Revenues by geography:
Americas 72% 77%
Europe 18 16
Asia Pacific 10 7
100% 100%
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
salesforce.com, inc.
CONTACT: David Havlek, Investor Relations, +1-415-536-2171, dhavlek@salesforce.com, or Jane Hynes, Public Relations, +1-415-901-5079, jhynes@salesforce.com, both of salesforce.com
Web site: http://www.salesforce.com/
Synopsys Posts Financial Results for Second Quarter Fiscal Year 2008
MOUNTAIN VIEW, Calif., May 21 /PRNewswire-FirstCall/ -- Synopsys, Inc. , a world leader in software and IP for semiconductor design and manufacturing, today reported results for its second quarter ended April 30, 2008.
For the second quarter, Synopsys reported revenue of $324.6 million, a 10.8 percent increase compared to $292.9 million for the second quarter of fiscal 2007.
"Synopsys continues to deliver predictable revenue growth and solid earnings expansion," said Aart de Geus, chairman and CEO of Synopsys. "We are seeing good momentum as our leading technology, comprehensive solutions and strong field support make us a long-term, reliable partner to our customers."
GAAP Results
On a generally accepted accounting principles (GAAP) basis, net income for the second quarter of fiscal 2008 was $39.4 million, or $0.27 per share, compared to $41.3 million, or $0.28 per share, for the second quarter of fiscal 2007, which included a $12.5 million litigation settlement received from Magma Design Automation, recorded in other income, net.
Non-GAAP Results
On a non-GAAP basis, net income for the second quarter of fiscal 2008 was $59.7 million, or $0.41 per share, compared to non-GAAP net income of $53.2 million, or $0.35 per share, for the second quarter of fiscal 2007.
Non-GAAP net income consists of GAAP net income excluding employee share-based compensation expense calculated in accordance with FAS 123(R) and, to the extent incurred in a particular quarter or period, amortization of intangible assets (which could include in-process research and development charges), facilities realignment charges, and other significant items, and the related tax-effect of each, which, in the opinion of management, are infrequent or non-recurring. See "GAAP Reconciliation" below.
Financial Targets
Synopsys also provided its operating model targets for the third quarter and full fiscal year 2008. These targets constitute forward-looking information and are based on current expectations. For a discussion of factors that could cause actual results to differ materially from these targets, see "Forward-Looking Statements" below.
Third Quarter of Fiscal Year 2008 Targets:
-- Revenue: $335 million - $343 million
-- GAAP expenses: $290 million - $308 million
-- Non-GAAP expenses: $260 million - $270 million
-- Other income and expense: $0 - $3 million
-- Tax rate applied in non-GAAP net income calculations: 26 - 27 percent
-- Fully diluted outstanding shares: 143 million - 148 million
-- GAAP earnings per share: $0.18 - $0.24
-- Non-GAAP earnings per share: $0.38 - $0.40
-- Revenue from backlog: greater than 90 percent
Full Fiscal Year 2008 Targets:
-- Revenue: $1.325 billion - $1.340 billion
-- Tax rate applied in non-GAAP net income calculations: ~ 26 percent
-- Fully diluted outstanding shares: 146 million - 149 million
-- GAAP earnings per share: $0.99 - $1.11
-- Non-GAAP earnings per share: $1.60 - $1.64
-- Cash flow from operations: ~ $325 million
GAAP Reconciliation
Synopsys' management evaluates and makes decisions about the Company's business operations primarily based on the bookings, revenue, and direct, ongoing and recurring costs of those operations. Management does not believe amortization of intangible assets (including in-process research and development charges), facilities realignment charges and other significant infrequent items are ongoing and recurring operating costs of its core software, intellectual property and service business operations. In addition, while employee share-based compensation expense calculated in accordance with FAS 123( R ) constitutes an ongoing and recurring expense of the Company, such expense is excluded from non-GAAP results because it is not an expense that requires cash settlement by the Company and because such expense is not used by management to assess the core performance of the Company's business operations. Therefore, management excludes such costs, to the extent incurred in a particular quarter, from the following historical and targeted GAAP financial measures included in this earnings release: total cost of revenue, gross margin, total operating expenses, operating income, income before provision (benefit) for income taxes, provision (benefit) for income taxes, net income and net income per share.
For each such measure, excluding these costs provides management with more consistent, comparable information about the Company's core performance. For example, the Company does not undertake significant restructuring or realignments on a regular basis, and, as a result, excludes associated charges in order to enable better and more consistent evaluations of the Company's operating expenses before and after such actions are taken. Management also uses these measures to help it make budgeting decisions, for example, as between product development expenses (which affect cost of revenue and gross margin) and research and development, sales and marketing and general and administrative expenses (which affect operating expenses and operating margin). Finally, the availability of such information helps management track performance to both internal and externally communicated financial targets and to its competitors' operating results.
Management recognizes that the use of these non-GAAP measures has certain limitations, including the fact that management must exercise judgment in determining whether certain types of charges, such as those relating to workforce reductions executed in the ordinary course, should be excluded from non-GAAP results. However, management believes that, although it is important for investors to understand GAAP measures, providing investors with these non-GAAP measures gives them additional important information to enable them to assess, in a way management assesses, Synopsys' current and future continuing operations.
Reconciliation of Second Quarter Results
The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP net income and earnings per share for periods indicated below:
GAAP to Non-GAAP Reconciliation of Second Quarter Results
(unaudited, in thousands, except per share amounts)
Income Statement Reconciliation Three Months Ended Six Months Ended
April 30, April 30,
2008 2007 2008 2007
GAAP net income $39,387 $41,265 $85,832 $64,622
Adjustments:
Amortization of intangible assets 12,407 11,854 24,031 25,206
Share-based compensation 17,841 14,349 33,485 30,564
Litigation settlement - (12,500) - (12,500)
Facilities realignment charge - (645) - (645)
Tax effect (9,975) (1,162) (17,672) (10,082)
Non-GAAP net income $59,660 $53,161 $125,676 $97,165
Three Months Ended Six Months Ended
April 30, April 30,
2008 2007 2008 2007
GAAP earnings per share $0.27 $0.28 $0.58 $0.43
Adjustments:
Amortization of intangible assets 0.09 0.08 0.16 0.17
Share-based compensation 0.12 0.10 0.23 0.21
Litigation settlement - (0.08) - (0.08)
Facilities realignment charge - (0.01) - (0.01)
Tax effect (0.07) (0.01) (0.12) (0.07)
Non-GAAP earnings per share $0.41 $0.35 $0.85 $0.65
Shares used in calculation 145,271 149,783 147,801 148,782
Reconciliation of Target Operating Results
The following tables reconcile the specific items excluded from GAAP in the calculation of target non-GAAP operating results for the periods indicated below:
GAAP to Non-GAAP Reconciliation of Third Quarter Fiscal Year 2008 Targets
(in thousands, except per share amounts)
Range for Three Months
Ending July 31, 2008
Low High
Target GAAP expenses $290,000 $308,000
Adjustment:
Estimated impact of amortization of intangible
assets (14,000) (20,000)
Estimated impact of share-based compensation (16,000) (18,000)
Target non-GAAP expenses $260,000 $270,000
Range for Three Months
Ending July 31, 2008
Low High
Target GAAP earnings per share $0.18 $0.24
Adjustment:
Estimated impact of amortization of intangible
assets 0.14 0.10
Estimated impact of share-based compensation 0.12 0.11
Net non-GAAP tax effect (0.06) (0.05)
Target non-GAAP earnings per share $0.38 $0.40
Shares used in non-GAAP calculation
(midpoint of target range) 145,500 145,500
GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2008 Targets
Range for Fiscal Year
Ending October 31, 2008
Low High
Target GAAP earnings per share $0.99 $1.11
Adjustment:
Estimated impact of amortization of intangible
assets 0.37 0.32
Estimated impact of share-based compensation 0.47 0.44
Net non-GAAP tax effect (0.23) (0.23)
Target non-GAAP earnings per share $1.60 $1.64
Shares used in non-GAAP calculation
(midpoint of target range) 147,500 147,500
Earnings Call Open to Investors
Synopsys will hold a conference call for financial analysts and investors today at 2:00 p.m., Pacific Time. A live webcast of the call will be available at Synopsys' corporate website at http://www.synopsys.com/corporate/invest/invest.html. A recording of the call will be available by calling +1-800-475-6701 (+1-320-365-3844 for international callers), access code 921713, beginning at 4:00 p.m. Pacific Time today. A webcast replay will also be available on the website from approximately 5:30 p.m. Pacific Time today through the time Synopsys announces its results for the third quarter fiscal 2008 in August. In addition, Synopsys will post copies of the prepared remarks of Aart de Geus, chairman and chief executive officer, and Brian Beattie, chief financial officer, on its website following the call.
Effectiveness of Information
The targets included in this release, the statements made during the earnings conference call and the information contained in the financial supplement represent Synopsys' expectations and beliefs as of the date of this release only. Although this press release, copies of the prepared remarks of the chief executive officer and chief financial officer made during the call and the financial supplement will remain available on Synopsys' website through the date of the third quarter earnings call in August 2008, their continued availability through such date does not mean that Synopsys is reaffirming or confirming their continued validity. Synopsys does not currently intend to report on its progress during the third quarter of fiscal 2008 or comment to analysts or investors on, or otherwise update, the targets given in this earnings release.
Availability of Final Financial Statements
Synopsys will include final financial statements for the second quarter of fiscal 2008 in its quarterly report on Form 10-Q to be filed by June 12, 2008.
About Synopsys
Synopsys, Inc. is a world leader in electronic design automation (EDA), supplying the global electronics market with the software, intellectual property (IP) and services used in semiconductor design and manufacturing. Synopsys' comprehensive, integrated portfolio of implementation, verification, IP, manufacturing and field-programmable gate array (FPGA) solutions helps address the key challenges designers and manufacturers face today, such as power and yield management, system-to-silicon verification and time-to-results. These technology-leading solutions help give Synopsys customers a competitive edge in bringing the best products to market quickly while reducing costs and schedule risk. Synopsys is headquartered in Mountain View, California, and has more than 60 offices located throughout North America, Europe, Japan, Asia and India. Visit Synopsys online at http://www.synopsys.com/.
Forward-Looking Statements
The statements made in this press release regarding projected financial results in the sections entitled "Financial Targets," and "Reconciliation of Target Operating Results" and certain statements made in the earnings conference call are forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those described by these statements due to a number of uncertainties, including, but not limited to:
-- weakness or continued budgetary caution in the semiconductor or
electronics industries;
-- lower-than-expected research and development spending by semiconductor
and electronic systems companies;
-- competition in the market for Synopsys' products and services;
-- lower-than-anticipated new IC design starts;
-- lower-than-anticipated purchases or delays in purchases of software or
consulting services by Synopsys' customers, including delays in the
renewal, or non-renewal, of Synopsys' license arrangements with major
customers;
-- failure of customers to pay license fees as scheduled;
-- changes in the mix of time-based licenses and upfront licenses;
-- lower-than-expected bookings;
-- failure of Synopsys' cost control efforts, including recent efforts to
outsource certain internal functions, to result in the anticipated
savings;
-- failure to successfully develop additional intellectual property blocks
for its IP business; and
-- difficulties in the integration of the products and operations of
acquired companies or assets into Synopsys' products and operations.
In addition, Synopsys' actual expenses and earnings per share on a GAAP and non-GAAP basis for the fiscal quarter ending July 31, 2008 and actual expenses, earnings per share and operating cash flow on a GAAP and non-GAAP basis for fiscal year 2008 could differ materially from the targets stated under "Financial Targets" above for a number of reasons, including, but not limited to, (i) a determination by Synopsys that any portion of its goodwill or intangible assets have become impaired, (ii) application of the actual consolidated GAAP and non-GAAP tax rates for such periods, or judgment by management, based upon the status of pending audits or new accounting interpretations such as FASB Interpretation No. 48, to increase or decrease an income tax asset or liability, (iii) integration and other acquisition-related expenses including amortization of additional intangible assets associated with future acquisitions, if any, (iv) changes in the anticipated amount of employee share-based compensation expense recognized on Synopsys' financial statements, (v) actual change in the fair value of Synopsys' non-qualified deferred compensation plan obligations, (vi) increases or decreases to estimated capital expenditures, (vii) changes driven by new accounting rules, regulations, interpretations or pronouncements, (viii) general economic conditions, and (ix), other risks as detailed in our SEC filings, including those described in the "Risk Factors" section in our Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2008. Furthermore, Synopsys' actual tax rates applied to income for the third quarter and fiscal year 2008 could differ from the targets given in this press release as a result of a number of factors, including the actual geographic mix of revenue during the quarter. Finally, Synopsys' targets for outstanding shares in the third quarter and fiscal year 2008 could differ from the targets given in this press release as a result of higher than expected employee stock plan issuances or stock option exercises, acquisitions and the extent of Synopsys' stock repurchase activity.
Synopsys is under no obligation to (and expressly disclaims any such obligation to) update or alter any of the forward-looking statements made in this earnings release, the conference call or the financial supplement whether as a result of new information, future events or otherwise, unless otherwise required by law.
Synopsys is a registered trademark of Synopsys, Inc. Any other trademarks mentioned in this release are the property of their respective owners.
INVESTOR CONTACT:
Lisa L. Ewbank
Synopsys, Inc.
650-584-1901
EDITORIAL CONTACT:
Yvette Huygen
Synopsys, Inc.
650-584-4547
yvetteh@synopsys.com
SYNOPSYS, INC.
Unaudited Condensed Consolidated Statements of Operations(1)
(in thousands, except per share amounts)
Three Months Ended Six Months Ended
April 30, April 30,
2008 2007 2008 2007
Revenue:
Time-based license $278,220 $243,096 $546,080 $494,702
Upfront license 12,214 14,624 24,735 28,127
Maintenance and service 34,119 35,208 69,203 70,309
Total revenue 324,553 292,928 640,018 593,138
Cost of revenue:
License 41,709 34,657 82,107 70,177
Maintenance and service 16,167 15,550 32,046 31,696
Amortization of intangible assets 5,816 5,210 10,849 11,919
Total cost of revenue 63,692 55,417 125,002 113,792
Gross margin 260,861 237,511 515,016 479,346
Operating expenses:
Research and development 95,275 91,956 187,789 187,840
Sales and marketing 82,887 79,012 160,257 168,820
General and administrative 26,171 22,551 50,012 52,228
Amortization of intangible assets 6,591 6,644 13,182 13,288
Total operating expenses 210,924 200,163 411,240 422,176
Operating income 49,937 37,348 103,776 57,170
Other income, net 151 19,668 6,481 27,602
Income before income taxes 50,088 57,016 110,257 84,772
Provision for income taxes 10,701 15,751 24,425 20,150
Net income $39,387 $41,265 $85,832 $64,622
Net income per share:
Basic $0.28 $0.29 $0.60 $0.45
Diluted $0.27 $0.28 $0.58 $0.43
Shares used in computing per share
amounts:
Basic 141,844 144,370 143,926 143,527
Diluted 145,271 149,783 147,801 148,782
(1) Synopsys' second quarter ends on May 3, 2008 and May 5, 2007,
respectively. For presentation purposes, the Unaudited Condensed
Consolidated Statements of Operations refer to a calendar month end.
SYNOPSYS, INC.
Unaudited Condensed Consolidated Balance Sheets (1)
(in thousands, except par value amounts)
April 30, 2008 October 31, 2007
ASSETS:
Current assets:
Cash and cash equivalents $574,889 $579,327
Short-term investments 242,609 405,126
Total cash, cash equivalents and
short-term investments 817,498 984,453
Accounts receivable, net 171,993 123,900
Deferred income taxes 127,345 123,165
Income taxes receivable 42,724 42,525
Prepaid expenses and other current assets 57,337 53,496
Total current assets 1,216,897 1,327,539
Property and equipment, net 127,223 131,866
Goodwill 765,576 767,087
Intangible assets, net 54,778 78,792
Long-term deferred income taxes 168,056 216,642
Other assets 97,629 95,411
Total assets $2,430,159 $2,617,337
LIABILITIES AND STOCKHOLDERS' EQUITY:
Current liabilities:
Accounts payable and accrued liabilities $176,746 $246,209
Accrued income taxes 10,280 207,572
Deferred revenue 522,078 577,295
Total current liabilities 709,104 1,031,076
Deferred compensation and other liabilities 83,322 84,648
Accrued income taxes 137,597 -
Long-term deferred revenue 65,310 65,220
Total liabilities 995,333 1,180,944
Stockholders' equity:
Preferred stock, $0.01 par value:
2,000 shares authorized; none outstanding - -
Common stock, $0.01 par value:
400,000 shares authorized; 141,756 and
146,365 shares outstanding, respectively 1,417 1,464
Capital in excess of par value 1,435,900 1,401,965
Retained earnings 342,424 263,977
Treasury stock, at cost: 15,512
and 10,867 shares, respectively (348,332) (234,918)
Accumulated other comprehensive
income (loss) 3,417 3,905
Total stockholders' equity 1,434,826 1,436,393
Total liabilities and stockholders'
equity $2,430,159 $2,617,337
(1) Synopsys' second quarter ends on May 3, 2008. For presentation
purposes, the Unaudited Condensed Consolidated Balance Sheets refer to
a calendar month end.
SYNOPSYS, INC.
Unaudited Condensed Consolidated Statements of Cash Flows (1)
(in thousands)
Six Months Ended April 30,
2008 2007
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $85,832 $64,622
Adjustments to reconcile net income to net
cash provided by operating activities:
Amortization and depreciation 50,244 52,676
Share-based compensation 33,486 30,565
Allowance for doubtful accounts 429 (330)
(Gain) on sale of investments (1,192) (1)
(Gain) on sale of land - (4,284)
Deferred income taxes 3,523 10,677
Net change in deferred gains and losses on
cash flow hedges 7,495 2,990
Net changes in operating assets and
liabilities, net of acquired assets
and liabilities:
Accounts receivable (46,982) (43,935)
Prepaid expenses and other current assets (10,300) (11,272)
Other assets 26 487
Accounts payable and accrued liabilities (69,502) (59,642)
Accrued income taxes (2,873) (4,592)
Deferred revenue (67,309) 107,196
Deferred compensation and other liabilities 980 (926)
Net cash (used in) provided by operating
activities (16,143) 144,231
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales and maturities of
short-term investments 419,181 113,351
Purchases of short-term investments (253,699) (178,782)
Proceeds from sales of long-term investments 77 -
Purchases of long-term investments (6,694) -
Purchases of property and equipment (19,498) (24,520)
Proceeds from sale of land - 26,298
Capitalization of software development costs (1,408) (1,592)
Net cash provided by (used in) investing
activities 137,959 (65,245)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on lease obligations (1,452) -
Issuances of common stock 36,949 130,240
Purchases of common stock (170,052) (81,394)
Net cash (used in) provided by financing
activities (134,555) 48,846
Effect of exchange rate changes on cash and cash
equivalents 8,301 2,483
Net change in cash and cash equivalents (4,438) 130,315
Cash and cash equivalents, beginning of period 579,327 330,759
Cash and cash equivalents, end of period $574,889 $461,074
(1) Synopsys' second quarter ends on May 3, 2008 and May 5, 2007,
respectively. For presentation purposes, the Unaudited Consolidated
Statements of Cash Flows refer to a calendar month end.
Synopsys, Inc.
CONTACT: investors, Lisa L. Ewbank, +1-650-584-1901, or editorial, Yvette Huygen, +1-650-584-4547, yvetteh@synopsys.com, both of Synopsys, Inc.
Web site: http://www.synopsys.com/
Jinpan International Announces Reporting Date for First Quarter 2008 Financial Results- Company Also Comments on Impact of Earthquake in China -
ENGLEWOOD CLIFFS, N.J., May 21 /PRNewswire-FirstCall/ -- Jinpan International Ltd , a leading designer, manufacturer, and distributor of cast resin transformers for voltage distribution equipment, today announced the Company will report its financial results for the first quarter ended March 31, 2008 on Wednesday, May 28th after the market close.
Additionally, Mr. Zhiyuan Li, Chief Executive Officer of Jinpan had the following to say about the major earthquake in China last week, "The recent earthquake in China was an historic loss of people and property and we all extend our deepest sympathies to those families grieving and struggling with the recovery. We did not see any material impact on the demands of our customers at this moment nor has there been any material impact to our facilities. We will continue to monitor the situation."
About Jinpan International Ltd
Jinpan International Ltd. designs, manufactures, and distributes cast resin transformers for voltage distribution equipment in China and other various countries around the world. Jinpan's cast resin transformers allow high voltage transmissions of electricity to be distributed to various locations in lower, more usable voltages. The Company has obtained ISO9001 and ISO1401 certification of its cast resin transformers. Its principal executive offices are located in Hainan, China and its U.S. headquarters is based in Englewood Cliffs, New Jersey. Safe Harbor Provision
Statements in this press release which are not historical data are forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the company's periodic filings with the Securities and Exchange Commission.
Jinpan International Ltd.
CONTACT: Mark Du, Chief Financial Officer of Jinpan International Ltd., +1-201-227-0680; or Bill Zima of ICR, Inc., +1-203-682-8200, for Jinpan International Ltd.
Web site: http://www.jstusa.net/
Thomson Reuters Announces New Endnote Web Design and ToolsOnline Bibliographic Solution Introduces a New Look, an Administrative Utility and More
CARLSBAD, Calif., May 21 /PRNewswire-FirstCall/ -- The Scientific business of Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, announced a new EndNote(R) Web release, an upgrade to the online bibliographic tool that complements and integrates seamlessly with EndNote desktop and the ISI Web of Knowledge(SM) research platform. EndNote Web has a fresh new look, introduces administrative tools to customize online search connection files, import filters and bibliographic styles for campus users, and more.
EndNote Web now enables administrators to customize the selection of online search connections, import filters and bibliographic styles seen by their EndNote Web accounts. Administrators can also create institute- specific files in EndNote and upload them to EndNote Web for the benefit of users across campus. IT staff can now deploy the Internet Explorer and Cite While You Write toolbars for EndNote Web on campus computers easily with standard Windows MSI installers.
EndNote Web makes organizing and citing references a simple task so users at any level can concentrate on their content. The new design, complementary to ISI Web of Knowledge, is the result of researching how users work with technology to deliver an effortless experience.
The EndNote Web update also includes:
-- Share EndNote Web groups and designate each collaborator as "edit" or
"read-only"
-- Access additional content easily with links to full text articles
available in ISI Web of Knowledge as well as through OpenURL link
resolvers.
-- Cite While You Write(TM) compatibility with Microsoft(R) Word 2007
-- Internet Explorer and Cite While You Write plug-in support for
Windows(R) Vista
For more information about EndNote Web please visit isiwebofknowledge.com or endnoteweb.com.
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. For more information, go to thomsonreuters.com.
Thomson Reuters
CONTACT: Nancy Matus, Director, Product Marketing, Scientific, +1-760-438-5536 x 332, nancy.matus@thomsonreuters.com, or Allison Hagan, Director, PR and Communications, Scientific, +1-215-823-1881, allison.hagan@thomsonreuters.com
Web Site: http://thomsonreuters.com/ http://isiwebofknowledge.com/ http://endnoteweb.com/
CUTWATER Selected as Agency of Record by NVIDIA
SANTA CLARA, Calif., May 21 /PRNewswire/ -- CUTWATER, San Francisco, announced today it has been selected as the agency of record for the NVIDIA Corporation.
NVIDIA is the world leader in visual computing technologies and the inventor of the GPU -- a high-performance processor that generates breathtaking, interactive graphics on workstations, personal computers, game consoles and mobile devices. NVIDIA products are available in PCs from makers such as HP and Dell. NVIDIA GPUs were also used in the original Xbox and are being used in Sony's PlayStation 3, Apple MacBook Pros and more. In December, NVIDIA was named Forbes' 2007 Company of the Year.
"Throughout the selection process we were impressed with CUTWATER's insight into the needs of consumers and the problems they face in an increasingly technology-driven world," stated Rob Csongor, Vice President of Marketing at NVIDIA. "We are in the era of Visual Computing. NVIDIA has an opportunity to educate consumers on the best ways to deliver a richer visual PC experience in this new era. We believe CUTWATER is the right partner to help us do this."
"Over the course of this new-business process, we became more and more passionate about the product itself. As we discovered first hand, the world with NVIDIA looks totally different than the world without it. And we can't wait to simply get the word out," said Chuck McBride, Chief Creative Officer, CUTWATER.
This was the first new-business pitch at CUTWATER for Walter Smith, recently installed as agency President: "This win is significant for the agency, and we are thrilled to be working with the company that pioneered visual computing. They have been remarkably successful to this point -- and all trends point to even greater success as consumers increasingly use computers as entry into a world that's becoming more and more visual."
About CUTWATER
CUTWATER is a San Francisco-based advertising agency, which creates iconic brand stories inspired by the intersection of design, interactive and advertising, for companies such as Jeep, Ray-Ban and Persol. CUTWATER is an Omnicom Group Inc. company. For more information, visit us at http://www.cutwatersf.com/.
Omnicom Group Inc. (http://www.omnicomgroup.com/) is a leading global marketing and corporate communications company. Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries.
About NVIDIA
NVIDIA is the world leader in visual computing technologies and the inventor of the GPU, a high-performance processor which generates breathtaking, interactive graphics on workstations, personal computers, game consoles, and mobile devices. NVIDIA serves the entertainment and consumer market with its GeForce(R) graphics products, the professional design and visualization market with its Quadro(R) graphics products, and the high-performance computing market with its Tesla(TM) computing solutions products. NVIDIA is headquartered in Santa Clara, CA and has offices throughout Asia, Europe, and the Americas. For more information, visit http://www.nvidia.com/.
Certain statements in this press release including, but not limited to, statements as to: the benefits, features, performance and capabilities of NVIDIA GeForce 8800 GT GPUs; the first-generation Mac Pro system; and demands on visual computing applications are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: loss of performance of our products when integrated into systems; our reliance on third parties to manufacture, assemble and test our products; development of faster or more efficient GPUs; the impact of technological development and competition; manufacturing or software defects; changes in industry standards and interfaces as well as other factors detailed from time to time in the reports NVIDIA files with the Securities and Exchange Commission including its Form 10-K for the fiscal year ended January 27, 2008. Copies of reports filed with the SEC are posted on our website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
CUTWATER
CONTACT: Jeremy Miller for CUTWATER, +1-212-804-1162, jeremy.miller@tbwaworld.com
Web site: http://www.cutwatersf.com/ http://www.omnicomgroup.com/ http://www.nvidia.com/
TAT Technologies Ltd. Closes a Transaction to Purchase 37% of the Outstanding Shares of Bental Industries Ltd. and an Option to Acquire Additional 18% of Bental
GEDERA, Israel, May 21 /PRNewswire-FirstCall/ -- TAT Technologies Limited (Nasdaq/NMS: TATTF) announced today that it completed the acquisition of 37% of the outstanding shares of Bental Industries Ltd. ("Bental"), and acquired an option to purchase an additional 18% of Bental.
TAT Industries Ltd., the controlling shareholder of the Company, currently holds 15% of Bental. Accordingly, as of today, the TAT Group holds 52% of the outstanding shares of Bental and has the right to increase its controlling interest to 70%.
About Bental Industries Ltd.
Bental specializes in innovative motion technologies for military and aviation purposes. It was established in 1983 and has approximately 140 employees. Bental is the leading supplier in its field to Israel's defense industries. Its products are also supplied to military aerospace and industrial companies worldwide.
About TAT Technologies Ltd.
TAT Technologies is principally engaged in the manufacture, repair and overhaul of heat transfer equipment, such as heat exchangers, precoolers and oil/fuel hydraulic coolers used in aircraft, defense systems, electronic equipment and other applications. In addition, the Company manufactures aircraft accessories and systems such as pumps, valves, Power Systems, Turbines and overhauls aircraft Auxiliary Power Units (APUs), landing gears and propellers.
TAT Technologies Limited
CONTACT: Israel Ofen, Executive Vice-President and Chief Financial Officer of TAT Technologies, 011-972-8-859-5411
Stoneridge's Brazil-Based PST Joint Venture Discontinues IPO Process- Uncertainty in Global Credit and Equity Markets Prompts Decision- PST's Operating Performance Remains Strong- PST Will Continue to Comply with Public Filing Requirements- Company Is Hopeful IPO Process Will Resume Later This Year if Equity Markets Stabilize
WARREN, Ohio, May 21 /PRNewswire-FirstCall/ -- Stoneridge, Inc. today announced that its PST Eletronica S.A. joint venture, based in Brazil, has filed documents to discontinue its initial public offering process, which it had begun in October 2007. This decision was made because of the general uncertainty related to global credit issues and lack of strength in the global equity markets.
Legal and procedural guidelines of the Brazilian Securities Commission, Comissao de Valores Mobiliarios (CVM), obligated PST to update its October 23, 2007 IPO filing on May 19, 2008. As a result of this requirement, PST filed with the CVM to cancel the IPO process. However, PST has elected to continue complying with all requirements applicable to public companies in Brazil, such as filing quarterly and annual financial information with the CVM. The Company is hopeful that PST will be able to recommence the IPO process later this year, depending on the stabilization of the global credit and equity markets.
PST's operations have continued to perform well. As reported in Stoneridge's first-quarter 2008 Form 10-Q, PST recorded first-quarter sales of $43.9 million, an increase of $16.5 million or 60.2% over last year's first quarter, and pre-tax income of $8.8 million, an increase of $3.5 million or 66.0% compared with a year ago. In the first quarter, Stoneridge reported equity earnings of $3.6 million from its 50% ownership interest in PST, an increase of $1.6 million or 80.0% compared with the first quarter of 2007.
"We are very pleased with the performance of our PST joint venture," said John C. Corey, president and chief executive officer of Stoneridge. "PST continues to report strong results in all of its businesses, particularly in the security products area and in new business with original equipment manufacturers in Brazil. Given PST's strong pipeline of new products, we continue to expect strong growth rates and results from this venture."
About Stoneridge, Inc.
Stoneridge, Inc., headquartered in Warren, Ohio, is an independent designer and manufacturer of highly engineered electrical and electronic components, modules and systems principally for the automotive, medium- and heavy-duty truck, agricultural and off-highway vehicle markets. Net sales in 2007 were approximately $727.1 million. Additional information about Stoneridge can be found at http://www.stoneridge.com/ .
Forward-Looking Statements
Statements in this release that are not historical fact are forward- looking statements, which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied in this release. Things that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the loss of a major customer; a significant change in automotive, medium- and heavy-duty truck or agricultural and off-highway vehicle production; a significant change in general economic conditions in any of the various countries in which the Company operates; labor disruptions at the Company's facilities or at any of the Company's significant customers or suppliers; the ability of the Company's suppliers to supply the Company with parts and components at competitive prices on a timely basis; customer acceptance of new products; and the failure to achieve successful integration of any acquired company or business. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance related to forward-looking statements contained in this release can be found in the Company's periodic filings with the Securities and Exchange Commission.
Stoneridge, Inc.
CONTACT: Kenneth A. Kure, Corporate Treasurer and Director of Finance of Stoneridge, Inc., +1-330-856-2443
Web site: http://www.stoneridge.com/
FileMaker Pro 9 Named Best Database Management Solution In SIIA 2008 CODiE AwardsRecognized by 750 software industry member companies, the world's software authorities
SANTA CLARA, Calif., May 21 /PRNewswire-FirstCall/ -- FileMaker Pro 9, the best-selling easy-to-use database software from FileMaker, Inc., was named Best Database Management Solution at last night's 2008 Software & Industry Information Association (SIIA) CODiE Awards held last night in San Francisco.
FileMaker Pro 9, for Windows, Mac and the Web, is used by a huge variety of customers to manage people, projects, assets and more.
750 of the software industry's most prestigious and authoritative software companies selected FileMaker Pro 9 for excellence in design and development as the Best Database Management Solution for 2008.
"We're delighted that the CODiE Award judges have recognized the significance, value and quality of FileMaker Pro 9," said FileMaker president Dominique Goupil.
The CODiE awards are awarded annually by the SIIA. Over 1,000 applications were received for this year's CODiE awards.
About FileMaker, Inc.
FileMaker, Inc. develops award- winning database software. Its products include the legendary FileMaker Pro product line for Windows, Mac and the web, and the new Bento personal database for Mac. FileMaker Pro won 48 awards, more than its next eight competitors combined, in the past five years in the U.S., and a total of 129 awards worldwide during this time. Millions of customers, from individuals to large organizations, rely on FileMaker, Inc. software to manage, analyze and share information. FileMaker, Inc. is a subsidiary of Apple Inc.
(C)2008 FileMaker, Inc. All rights reserved. FileMaker and Bento are trademarks of FileMaker, Inc., registered in the U.S. and other countries. All other trademarks are the property of their respective owners.
FileMaker, Inc.
CONTACT: Kevin Mallon of FileMaker, +1-408-987-7227, kevin_mallon@filemaker.com
Web site: http://www.filemaker.com/
Amex Notifies Halifax That the Company has Been Granted an Extension to Comply With Certain Amex Listing Standards
ALEXANDRIA, Va., May 21 /PRNewswire-FirstCall/ -- Halifax Corporation of Virginia , an enterprise logistics and maintenance solutions company announced that the American Stock Exchange has granted the Company an extension until September 14, 2009 to regain compliance with the continued listing standards. As previously disclosed the Company had received notice from the Amex staff indicating that the Company was below certain of the Exchange's continuing listing standards (losses in three out of four of it's most recent fiscal years with shareholders equity below $4 Million) of the Amex Company Guide. The Company was afforded the opportunity to submit a plan of compliance to the Exchange and on April 14, 2008, presented its plan to the Exchange. On May 15, 2008, the Exchange notified the Company that it had accepted the Company's plan of compliance and granted the Company an extension until September 14, 2009 to regain compliance with the continued listing standards. The Company will be subject to periodic review by the Exchange Staff during the extension period. Failure to make progress consistent with the plan or failure to regain compliance with the continued listing standards by the end of the extension period could result in the Company being delisted from the American Stock Exchange.
Founded in 1967, Halifax Corporation is an enterprise logistics and maintenance solutions company providing a wide range of technology services to commercial and government customers throughout the United States. The Company's principal products are enterprise logistics solutions and high availability hardware maintenance services. More information on Halifax can be found at http://www.hxcorp.com/.
Certain statements made by the Company which are not historical facts may be considered forward-looking statements, including, without limitation, statements as to trends, management's beliefs, views, expectations and opinions, which are based upon a number of assumptions concerning future conditions that ultimately may prove to be inaccurate. Such forward-looking statements are subject to risks and uncertainties and may be affected by various factors described in the Risk Factors Section in the Company's Annual Report on Form 10-K that may cause actual results to differ materially from those in the forward-looking statements. For further information that could affect the Company's financial statements, please refer to the Company's reports filed with the Securities and Exchange Commission.
Halifax Corporation
CONTACT: Tammy Erwin of Halifax Corporation, +1-703-658-2422, terwin@hxcorp.com
Web site: http://www.hxcorp.com/
Company News On-Call: http://www.prnewswire.com/comp/391950.html
Microsoft Expands List of Formats Supported in Microsoft OfficeMove enhances customer choice and interoperability with Microsoft's flagship productivity suite.
REDMOND, Wash., May 21 /PRNewswire-FirstCall/ -- Microsoft Corp. is offering customers greater choice and more flexibility among document formats, as well as creating additional opportunities for developer and competitors, by expanding the range of document formats supported in its flagship Office productivity suite.
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The 2007 Microsoft Office system already provides support for 20 different document formats within Microsoft Office Word, Office Excel and Office PowerPoint. With the release of Microsoft Office 2007 Service Pack 2 (SP2) scheduled for the first half of 2009, the list will grow to include support for XML Paper Specification (XPS), Portable Document Format (PDF) 1.5, PDF/A and Open Document Format (ODF) v1.1.
When using SP2, customers will be able to open, edit and save documents using ODF and save documents into the XPS and PDF fixed formats from directly within the application without having to install any other code. It will also allow customers to set ODF as the default file format for Office 2007. To also provide ODF support for users of earlier versions of Microsoft Office (Office XP and Office 2003), Microsoft will continue to collaborate with the open source community in the ongoing development of the Open XML-ODF translator project on SourceForge.net.
In addition, Microsoft has defined a road map for its implementation of the newly ratified International Standard ISO/IEC 29500 (Office Open XML). IS29500, which was approved by the International Organization for Standardization (ISO) and International Electrotechnical Commission (IEC) in March, is already substantially supported in Office 2007, and the company plans to update that support in the next major version release of the Microsoft Office system, code-named "Office 14."
Microsoft is also committed to providing Office customers with the ability to open, edit and save documents in the Chinese national document file format standard, Uniform Office Format (UOF). The company does so today by supporting the continued development of the UOF-Open XML translator project on SourceForge.net, and will take additional steps to promote the distribution and ease of use of the translator. As UOF develops and achieves market adoption in China, Microsoft will distribute support for this format with Office to its customers in China.
Consistent with its interoperability principles, in which the company committed to work with others toward robust, consistent and interoperable implementations across a broad range of widely deployed products, the company has also announced it will be an active participant in the future evolution of ODF, Open XML, XPS and PDF standards.
Microsoft will join the Organization for the Advancement of Structured Information Standards (OASIS) technical committee working on the next version of ODF and will take part in the ISO/IEC working group being formed to work on ODF maintenance. Microsoft employees will also take part in the ISO/IEC working group that is being formed to maintain Open XML and the ISO/IEC working group that is being formed to improve interoperability between these and other ISO/IEC-recognized document formats. The company will also be an active participant in the ongoing standardization and maintenance activities for XPS and PDF. It will also continue to work with the IT community to promote interoperability between document file formats, including Open XML and ODF, as well as Digital Accessible Information System (DAISY XML), the foundation of the globally accepted DAISY standard for reading and publishing navigable multimedia content.
"We are committed to providing Office users with greater choice among document formats and enhanced interoperability between those formats and the applications that implement them," said Chris Capossela, senior vice president for the Microsoft Business Division. "By increasing the openness of our products and participating actively in the development and maintenance of document format standards, we believe we can help create opportunities for developers and competitors, including members of the open source communities, to innovate and deliver new value for customers."
Microsoft recognizes that customers care most about real-world interoperability in the marketplace, so the company is committed to continuing to engage the IT community to achieve that goal when it comes to document format standards. It will work with the Interoperability Executive Customer Council and other customers to identify the areas where document format interoperability matters most, and then collaborate with other vendors to achieve interoperability between their implementations of the formats that customers are using today. This work will continue to be carried out in the Interop Vendor Alliance (http://www.interopvendoralliance.org/), the Document Interoperability Initiative (http://www.microsoft.com/interop), and a range of other interoperability labs and collaborative venues.
"Microsoft's support for ODF in Office is a great step that enables customers to work with the document format that best meets their needs, and it enables interoperability in the marketplace," said Roger Levy, senior vice president and general manager of Open Platform Solutions for Novell Inc. "Novell is proud to be an industry leader in cross-platform document interoperability through our work in the Document Interoperability Initiative, the Interop Vendor Alliance and with our direct collaboration with Microsoft in our Interoperability Lab. We look forward to continuing this work for the benefit of customers across the IT spectrum."
"The demand for a document format that everyone can use is something I hear from our customers on a regular basis," said John D. Head, framework manager at PSC Group LLC, a Chicago headquartered information-technology and professional services consulting firm. "I am very pleased that Microsoft is enabling Microsoft Office to support ODF directly from the software. This will allow us to develop solutions that create documents that can be edited by any user, regardless of what software or operating system they use. In a world where software companies want people to select one software package for their entire user base, the reality is that different user groups and types need options. Microsoft is now enabling users to make that choice. This is a very smart move by Microsoft, and one that lets the most important person - the customer - be the winner."
This work on document formats is only one aspect of how Microsoft is delivering choice, interoperability and innovative solutions to the marketplace. Microsoft will continue to work with its customers and partners and the rest of the industry to continue advancing in the area. More information can be found at http://www.microsoft.com/interop.
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
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Microsoft Corp.
CONTACT: Rapid Response Team, Waggener Edstrom Worldwide, +1-503-443-7070, rrt@waggeneredstrom.com, for Microsoft
Web site: http://www.microsoft.com/
Harvard Pilgrim Health Care and Perot Systems Named as 'Best Partnership' by Outsourcing CenterPerot Systems Earns 'Best Partnership' Top Honor in Three of the Last Four Years
PLANO, Texas, May 21 /PRNewswire-FirstCall/ -- Perot Systems Corporation and Harvard Pilgrim Health Care were named by the Outsourcing Center as the "Best Partnership," in the distinguished 2008 Outsourcing Excellence Awards. Sponsored by the Everest Group and Forbes magazine, these awards honor the most outstanding outsourcing relationships worldwide. Perot Systems also received a separate award, along with the National Life Group, for 'Best First Steps' by the Outsourcing Center.
Perot Systems and Harvard Pilgrim were selected by a panel of industry experts after a rigorous review of all components of relationship structure as well as outcomes achieved. The Best Partnership award is given to the relationship the judges believe is the most outstanding example in both establishing a partnering mindset at the outset of the relationship and continuing to mutually demonstrate that mindset through behaviors and decisions surrounding the ongoing business, challenges, and opportunities.
"This award illustrates what an extraordinary partnership Harvard Pilgrim and Perot Systems have. Perot Systems is committed to Harvard Pilgrim's success, and that commitment has enabled us to improve our level of service for our customers while achieving significant operational efficiencies," states Charles D. Baker, President and CEO of Harvard Pilgrim.
"During our eight-year relationship, Harvard Pilgrim has undergone a remarkable transformation. Perot Systems is very proud to have participated in Harvard Pilgrim's achievements. This award from the Outsourcing Center serves as validation of the hard work and commitment that our teams have collectively demonstrated in pursuit of Harvard Pilgrim's mission of improving the health of the people they serve," added Peter Altabef, President and CEO of Perot Systems.
"The companies in this relationship demonstrated a remarkable amount of flexibility as both companies' business environments and objectives changed through crises that occurred several times over the years. The way they stood shoulder to shoulder and supported each other with strategic partnering behaviors is truly outstanding," said Debra Floyd, COO, Outsourcing Center and Director, Outsourcing Excellence Awards program. Floyd specifically noted that as a result of this relationship, Harvard Pilgrim recently extended its contract with Perot Systems by signing a $1 billion dollar agreement until the year 2021.
"With so many nominations that represent the best outsourcing arrangements worldwide, it is difficult each year for the judging panel to select the Best Partnership. However, the Perot Systems and Harvard Pilgrim relationship was almost a unanimous decision for Best Partnership," added Floyd.
The receipt the 2008 award marks the third time in four years that Perot Systems has received the "Best Partnership" award from the Outsourcing Center. In 2004, Perot Systems received this top honor with Owens & Minor and again in 2007 with Old Mutual Financial Network. In 2006, Perot Systems and Vanguard Car Rental received the "Best ITO" award.
Stories of the winning relationships, published by Outsourcing Center, will be available online in the August issue of Outsourcing Journal (http://www.outsourcing-journal.com/).
Perot Systems is one of the largest providers of consulting, business process, and technology-based solutions for the healthcare industry. Perot Systems is rated as the #1 IT vendor by both healthcare provider and payer clients in the Blackbook of Outsourcing's Healthcare Industry client survey. Additionally, Perot Systems ranks first in Modern Healthcare's Annual Outsourcing list of top information systems contractors. With more than 100 managed care relationships, including IT, claims administration and business process support for seven of the top ten health plans, Perot Systems is committed to transforming the healthcare industry by providing innovative solutions and implementing the latest processes and technologies in order to achieve measurable, sustainable results.
About Outsourcing Excellence Awards
The Outsourcing Excellence Awards recognizes the world's most superior outsourcing arrangements, which demonstrate best practices in creating and sustaining competitive advantage and business transformation and achieving value and mutual benefit that increases over time for the client and service provider. The annual awards program is conducted by Outsourcing Center, an online community specializing in thought leadership, best practices, and innovation in outsourcing. The program is sponsored by Everest Group, which helps companies create customized sourcing strategies and outsourcing relationships that are tailored to their specific situations, and by Forbes Special Sections.
About Outsourcing Center
Outsourcing Center is the world's most prominent Internet portal for authoritative information on outsourcing. It provides a wealth of free research, case studies, database directories, market intelligence, and ever-expanding content targeted to outsourcing as a strategic business solution. The Center also publishes the monthly Outsourcing Journal, with more than 48,000 subscribers, and presents the annual Outsourcing Excellence Awards. Please visit http://www.outsourcing-center.com/ for more information.
About Harvard Pilgrim
Harvard Pilgrim is a not-for-profit health plan that provides a variety of health benefit options and funding arrangements to more than one million members in Massachusetts, New Hampshire and Maine. For more information, please visit http://www.harvardpilgrim.org/. In the fall of 2007, for the third consecutive year, Harvard Pilgrim was named the #1 commercial health plan in America according to a joint ranking by U.S. News & World Report and the National Committee for Quality Assurance (NCQA)*.
About Perot Systems
Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2007 revenue of $2.6 billion. The company has more than 23,000 associates located in North America, Europe, MENA and Asia. Additional information on Perot Systems is available at http://www.perotsystems.com/.
This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. For factors that could affect our business and cause actual results to differ materially, please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2007, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/, as updated in our Quarterly Reports on Form 10-Q filed after such Form 10-K, for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.
*"America's Best Health Plans" is a trademark of U.S. News & World Report. The source for this data is Quality Compass(R) 2005, 2006 and 2007 and is used with the permission of the National Committee for Quality Assurance (NCQA). Quality Compass is a registered trademark of NCQA. NCQA is a private, non-profit organization dedicated to improving health care quality.
Media Contact:
Perot Systems
Corporation
Jonathan Moss
+1 972 577 6395
Jonathan.Moss@ps.net
Perot Systems Corporation
CONTACT: Jonathan Moss of Perot Systems Corporation, +1-972-577-6395, Jonathan.Moss@ps.net
Web site: http://www.perotsystems.com/ http://www.harvardpilgrim.org/
Company News On-Call: http://www.prnewswire.com/comp/122686.html
MTV to Debut Unprecedented Movie Experience on Video On Demand to Support the 2008 MTV Movie AwardsUnique Content To Support Movie-On-Demand Offerings For Affiliate & Studio Partners
NEW YORK, May 21 /PRNewswire/ -- MTV VOD goes to the movies! This year, for the first time ever, MTV (http://www.mtv.com/) will create a special "2008 MTV Movie Awards" (http://www.mtv.com/ontv/movieawards/2008/) destination in its free VOD area that will help drive Movies On Demand orders for affiliate partners including Charter Communications, Comcast, Cox Communications and Time Warner Cable.
MTV will provide an unprecedented array of extras for its audience around nominated films that are also available to purchase at Movies On Demand. Special movie content includes making of "featurettes," behind-the-scenes clips, music videos, and more from Juno, Sweeney Todd, Aliens vs. Predator: Requiem and No Country for Old Men. Other special content that will live in the free On Demand area includes extras from Iron Man, and Speed Racer, the best movie spoofs from the online UGC contest, the top nominated films from mtvU's Best Filmmaker On Campus (http://www.bestfilmoncampus.com/) Contest and full nominee packages for each of this year's award categories.
"MTV Networks is innovating new ways to partner with distributors on VOD that provide significant added-value to their platforms while super-serving our audiences," said Juliette Morris, SVP of Content Distribution and Marketing for MTV Networks. "This campaign drives incremental VOD revenues for our valued distribution and advertising partners, while simultaneously generating significant visibility of and deeper engagement around the MTV Movie Awards. We are thrilled to deliver multiple benefits for our affiliate partners, our studio advertisers and our passionate movie-loving audience."
"We are always exploring unique ways to work with our studio partners and build creative executions that resonate with our audience," said John Shea, executive vice president of integrated marketing/brand partnership for the MTV Music Group. "Through the lens of innovation, MTV delivers great new viewing experiences for our audience through never before seen content on every platform imaginable, and VOD allows us to deliver on that notion."
"Our customers love the control that video on-demand gives them to view what they want, when they want," added Lauren LoFrisco, Time Warner Cable's group vice president of Marketing Communications. "Now, you can go to one place to have 'instant access' to bonus footage unique to Time Warner customers and then easily order a movie all with the click of your remote."
"This collaboration with MTV allows us to further illustrate the added value On DEMAND brings to Cox Digital Cable customers," said Bob Nocera, director of marketing, new video services for Cox.
MTV is the most watched destination in the TV Entertainment On Demand category and is available in nearly 30 million VOD households.
About MTV
MTV is the dynamic, vibrant experiment at the intersection of music, creativity and youth culture. For over 26 years, MTV has evolved, challenged the norm, and detonated boundaries -- giving each new generation a creative outlet and voice that entertains, informs and unites on every platform and screen. On-air, MTV has been the number one rated 24 hour ad-supported cable network P12-24 for 16 straight years. Online, MTV.com scored double-digit growth in 2007 and MTV launched ten dynamic online communities and six new virtual worlds. On the go, MTV Mobile is the #1 music brand in the wireless space -- delivering 90% more streams than in 2006. And MTV's successful sibling networks MTV2, mtvU and MTV Tr3s each deliver unprecedented customized content, super-serving music fans, college students and young American Latinos like no one else. MTV is part of MTV Networks, a unit of Viacom , one of the world's leading creators of programming and content across all media platforms. Wanna know more? Come on in ... http://www.mtvpress.com/.
MTV
CONTACT: Jennifer Deguzman of MTV Communications, +1-212-783-9731, Jennifer.Deguzman@mtvstaff.com
Web site: http://www.mtv.com/ http://www.mtv.com/ontv/movieawards/2008
Tyco Electronics Donates US$1 Million Worth of Emergency Mobile Communications Equipment and Radios to Support Recovery Efforts in China
PEMBROKE, Bermuda, May 21 /PRNewswire-FirstCall/ -- Tyco Electronics Ltd. today announced that it is extending additional support for rescue and recovery efforts in China by donating US$1 million (7 million RMB) worth of emergency wireless communications equipment and field technical services for use by disaster relief teams in China. The company's Wireless Systems segment is providing mobile communications equipment, portable and mobile radios, base stations and network control equipment, as well as engineering assistance provided by staff in China. The equipment is especially well-suited to the task of coordinating disaster relief operations and is compatible with existing government systems in the Sichuan Province.
Tyco Electronics last week announced that it had donated US$150,000 (approximately 1 million RMB) in cash to the Red Cross Society of China. The company's Network Solutions segment has already committed US$90,000 (approximately 600,000 RMB) worth of products and services to help rebuild critical telecommunications and energy networks in China. The company has also established the Tyco Electronics China Earthquake Relief Fund, an internal fund to which company employees have already contributed more than $200,000 (1.4 million RMB) to provide direct support for their affected co- workers in China.
According to Tyco Electronics Chief Executive Officer Tom Lynch, "In addition to monetary contributions from the company and its employees, we are very pleased to be able to donate products and services that are so essential and directly relevant to the rescue and recovery effort in China. We hope that this donated equipment -- combined with an earlier donation of products and services from our Network Solutions segment to help rebuild critical telecommunications and energy networks -- will help bolster the overall disaster recovery effort and provide some measure of relief to the victims of this tragedy."
ABOUT TYCO ELECTRONICS
Tyco Electronics Ltd. is a leading global provider of engineered electronic components, network solutions, undersea telecommunication systems and wireless systems, with 2007 sales of $13.0 billion to customers in more than 150 countries. We design, manufacture and market products for customers in industries from automotive, appliance and aerospace and defense to telecommunications, computers and consumer electronics. With over 7,000 engineers and worldwide manufacturing, sales and customer service capabilities, Tyco Electronics' commitment is our customers' advantage. More information on Tyco Electronics can be found at http://www.tycoelectronics.com/.
Tyco Electronics Ltd.
CONTACT: Media, Sheri Woodruff, +1-610-893-9555, Mobile +1-609-933-9243, swoodruff@tycoelectronics.com, or Investor Relations, John Roselli, +1-610-893-9559, john.roselli@tycoelectronics.com, or Keith Kolstrom, +1-610-893-9551, keith.kolstrom@tycoelectronics.com, all of Tyco Electronics Ltd.
Web site: http://www.tycoelectronics.com/
ICOP Digital to Sponsor Law Enforcement Torch Run for the Kansas Special Olympics
LENEXA, Kan., May 21 /PRNewswire-FirstCall/ -- ICOP Digital, Inc. , an industry-leading company engaged in advancing digital surveillance solutions, today announced that ICOP will be sponsoring the Law Enforcement Torch Run for the Kansas Special Olympics 2008 Summer Games: http://www.ksso.org/ .
WHO: David Owen, Chairman and CEO
Laura Owen, President and COO
And several members of the ICOP Team
WHEN: Kansas Law Enforcement Torch Run - Tuesday, May 27, 2008 at
9:00 AM CT - 5:30 PM CT
2008 Summer Games Kansas - Opening Ceremonies - Friday, May 30,
2008 at 7:00 PM CT
WHERE: Kansas Law Enforcement Torch Run - Northeast Region
Start: 12051 Bass Pro Drive, Olathe, Kansas
Finish: Legends Shopping Center, 1843 Village West Parkway,
Kansas City, Kansas
2008 Summer Games Kansas - Opening Ceremonies
Wichita City Hall
204 South Main Street
Wichita, Kansas
WHAT: Kansas Law Enforcement Torch Run - The Johnson and Wyandotte
County runners will gather at the Bass Pro Shop in Olathe for
opening remarks, at which time Dave Owen will speak on behalf of
ICOP Digital. The Run will end at Legends Shopping Center in
Kansas City, Kansas.
ICOP will be live streaming this all day event, captured on the
ICOP Model 20/20(R)-W unit installed on the ICOP branded
motorcycle, back to the main staging area using its unique ICOP
LIVE(TM) technology. ICOP has arranged for the live video to be
streamed directly to select members of the press and any viewers
who register in advance on ICOP's website. In addition, a DVD
featuring footage of the day's activities, filmed by the ICOP
Model 20/20(R)-W, may be ordered online following the event at
http://www.kansastorchrun.org/ in exchange for a donation to the Kansas
Special Olympics.
2008 Summer Games Kansas - Opening Ceremonies - The final leg of
the Kansas Law Enforcement Torch Run will convene at Wichita City
Hall where the opening ceremonies will begin. After the lighting
of the cauldron by Wichita Police Department's Chief Williams, a
brief ceremony will take place at which time Dave Owen will
address attendees.
ICOP's senior management and many members of the ICOP Team will be
on site assisting local law enforcement with medal presentations
at the ceremony.
Dave Owen, Chairman and CEO of ICOP Digital, stated, "It is a real privilege to work alongside of law enforcement in Kansas in support of the Special Olympics. The ICOP Team is especially proud to support the Law Enforcement Torch Run that got its start by Chief LaMunyon (retired) of Wichita Police Department, and has since become an annual global event."
About ICOP Digital, Inc.
ICOP Digital, Inc. operates on the core principle that 'without local security, there is no national security.' It endeavors to protect people, assets and profits for communities with innovative, mission- critical security, surveillance and communication solutions. The Company engineers, manufactures and markets mobile and stationary surveillance products for use in the public and private sectors, and facilitates the delivery of live video to first responders. (GSA Contractor)
The ICOP Model 20/20(R)-W, ICOP's flagship, award-winning product, is the leading digital in-car video recorder system for law enforcement. ICOP LIVE(TM) delivers live streaming video to and from first responder vehicles and headquarters, empowering first responders with enhanced real-time situational awareness and actionable intelligence, optimizing the outcome of a crisis. ICOP LIVE delivers live video wirelessly to first responders over any wireless network and to multiple internet enabled Windows(R) devices simultaneously. The ICOP Model 4000(TM), ICOP's newest advanced surveillance solution, is the next generation transit/rail DVR system. The ICOP Model 4000 uses less power than traditional DVR's, which means less heat and translates into a more reliable unit with less downtime. In addition, the ICOP Model 4000 boasts many advanced and innovative features and capabilities, such as wireless file uploading and wireless video streaming, among many others.
For more information, please view the following video presentations at http://www.icopdigital.com/why_icop.html and http://www.icop.com/veil.html , or visit http://www.icop.com/ .
For more information, contact:
Laura E. Owen, President and COO
16801 West 116th Street
Lenexa, KS 66219 USA
Phone: (913) 338-5550
Fax: (913) 312-0264
Lowen@ICOP.com
http://www.icop.com/
For Investor/Media Relations:
Elite Financial Communications Group /Elite Media Group
Dodi Handy, President and CEO
Phone: (407) 585-1080
ICOP@efcg.net
ICOP Digital, Inc.
CONTACT: Laura E. Owen, President and COO of ICOP Digital, Inc., Phone: +1-913-338-5550, Fax: +1-913-312-0264, Lowen@ICOP.com; For Investor-Media Relations: Dodi Handy, President and CEO, Elite Financial Communications Group -Elite Media Group, +1-407-585-1080, ICOP@efcg.net
Web site: http://www.icop.com/ http://www.ksso.org/ http://www.kansastorchrun.org/ http://www.icopdigital.com/why_icop.html http://www.icop.com/veil.html
Advantest Introduces New T7723 Mixed-Signal Test SystemCuts Test Time of High-Density Automotive Devices by up to 30%
TOKYO, May 21 /PRNewswire-FirstCall/ -- Advantest Corporation , the world's leading supplier of semiconductor test equipment, today announced availability of its new T7723 mixed-signal test system. Ideally suited for the growing high-density automotive device market, the system's high-throughput and highly-parallel test capabilities afford customers significant reductions in test times. The T7723 mixed-signal test system will be available from June 2008 and will also be on display at the "Advantest Tour de Force 2008" exhibition to be held at the Tokyo International Forum, June 3-5.
Increasing Demand for High-Density Automotive Devices
The proliferation of battery powered systems, along with the increasing role of electronics in automobiles, are driving the growth of more complex, next-generation analog devices that offer more advanced functions, greater accuracy, and higher power. With an emphasis on vehicles built for safety, comfort and reduced impact on the environment, today's automobile manufacturers are relying heavily on the use of computerized control systems, and increasing numbers of electronic control units (ECUs) are being installed on board. ECUs incorporate a variety of semiconductors, including controller chips and power devices, and are requiring the number of chips in each vehicle to rise sharply. The market for these devices is predicted to reach 21 billion dollars by the year 2010, as demand for increasingly sophisticated automotive semiconductors escalates.
Yet despite the increased functionality and capabilities of these new devices, the market remains competitive and manufacturers are under continual pressure to reduce costs, particularly, the cost of test. Advantest's T7723, answers this call by offering a cost-effective production test solution for these new, high-power, high-density, mixed-signal devices, The T7723's scalable architecture and an all-in-one test head capable of high-speed, high-accuracy and parallel testing of up to 32 devices, contribute to an improvement in throughput for mass production.
Supports full parallel test of multi-pin devices and reduces test time by 30%
The T7723 has double the test resources of its predecessor, owing to the incorporation of Advantest's newly-developed floating high-power DC in the system's DC test unit*(1). It also boasts a 30A high-voltage test capability -- 1.5 times greater than that of the company's earlier model. In addition, up to 64 relay circuits can be integrated within the test unit, enabling the system to direct and measure electrical current more efficiently, further enhancing its capabilities for multi-pin device test. With these new mechanisms, the T7723 can perform simultaneous test of high-density, high-voltage devices that incorporate BCD process technology*(2) used in power management in vehicles, resulting in a reduction in test time of up to 30%.
Expanded Performance Board Mount Space Facilitates Parallelism
As semiconductor reliability in automotive applications is critical, it is essential that testing be carried out in real life environments. As such, customers load the performance board of the test head with peripheral circuitry as well as the devices under test. In comparison with the previous model, the T7723 offers 1.8 times more space for loading these peripheral circuits. In addition, the relays that were formerly attached to the performance board are now housed within the tester itself, in the floating high-power DC unit. Such features ensure that the area of the test head devoted to device test is maximized, enabling enhanced levels of parallelism and thus a significant reduction in the cost of test.
Key Specifications:
Target Packages: Mixed-signal devices for automotive and consumer
applications
Parallel Test Capacity: Up to 32 devices
Digital Test Fixture: No. of Channels: Up to 256ch
Test Speed: 20/62.5/125MHz
Analog Test Fixture:
PHDC: Up to 256ch, +/-64V/+/-24mA, +/-24V/+/-64mA
HDC: Up to 8ch, +/-150V/+/-80mA, +/-32V/+/-2A
FHPDC: Up to 8ch, +/-60V/+/-10A, +/-30V/+/-30A (pulse), up to
64 ports
Digitizer/Optional Signal Generator:
No. of Channels: 4ch differential
Sampling Rate: 51.2Msps
About Advantest
Advantest Corporation is the world's leading automatic test equipment supplier to the semiconductor industry, and also produces electronic and optoelectronic instruments and systems. A global company, Advantest has long offered total ATE solutions, and serves the industry in every component of semiconductor test: tester, handler, mechanical and electrical interfaces, and software. Its logic, memory, mixed-signal and RF testers and device handlers are integrated into the most advanced semiconductor production lines in the world. Founded in Tokyo in 1954, Advantest established its first subsidiary in 1982, in the USA, and now has subsidiaries worldwide. Among them, Advantest America, Inc. is based in Santa Clara, CA, and Advantest (Europe) GmbH is based in Munich, Germany. More information is available at http://www.advantest.com/
*(1) The DC test unit measures the properties of direct currents from
devices, including input/output currents, input/output voltages and
power supply.
*(2) BCD process technology incorporates into a single process bipolar
process for high-precision analog circuits, CMOS for high-density
circuits, and DMOS for high-voltage circuits.
Advantest Corporation
CONTACT: Amy Gold of Advantest America, Inc., +1-212-850-6670, a.gold@advantest.com
Web site: http://www.advantest.com/
Maxim Crane Works Holdings, Inc. Announces Record and Meeting Dates for Special Meeting of Stockholders
PITTSBURGH, May 21 /PRNewswire-FirstCall/ -- Maxim Crane Works Holdings, Inc. (Pink Sheets: MXMC) ("Maxim Crane Works") today announced that it has set Wednesday, June 11, 2008, at 11:00 a.m. EDT as the date and time for a special meeting of its stockholders to consider the recommendation of the Board of Directors that the stockholders approve a Merger Agreement between Maxim Crane Works and affiliates of Platinum Equity Partners II, L.P. ("Platinum Equity") by which Platinum Equity would acquire for cash all of the outstanding common stock for $42.50 per share.
Stockholders of record at 5:00 p.m. on May 21, 2008 will be permitted to vote at the special meeting. The location of and other information regarding the meeting, the terms of the Merger Agreement and the Board's recommendation will be set forth in a proxy statement to be mailed to such stockholders of record beginning on Thursday, May 22, 2008. Holders of Series A and Series B Warrants to acquire Maxim Crane Works common stock will not be permitted to vote at the special meeting, and if the transaction is approved by the stockholders and other conditions set forth in the Merger Agreement are met, would receive the difference between the exercise price of their Warrants and $42.50 per share.
About Maxim Crane Works: Maxim Crane Works, the nation's leading coast-to-coast, full-service crane rental company, currently operates over 35 branch offices in six regions. Maxim specializes in the rental and sale of cranes and other ancillary equipment. With Maxim's expansive resource network, each branch has the capability to provide management, rigging engineering and outsourcing, making Maxim's product and service offerings the most comprehensive in the industry. More information about Maxim can be found on the company's website at http://www.maximcrane.com/.
About Platinum Equity: Platinum Equity (http://www.platinumequity.com/) is a global M&A&O(R) firm specialized in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, manufacturing, metals services and distribution. Since its founding in 1995 by entrepreneur Tom Gores, Platinum Equity has completed more than 80 acquisitions with more than $24 billion in aggregate annual revenue at time of acquisition.
Safe Harbor for Forward-Looking Statement: This press release contains statements that are not historical facts and constitute projections, forecasts or forward-looking statements. In addition, we or others on our behalf may make forward-looking statements from time to time in oral presentations, including telephone conferences and/or web casts open to the public, in press releases or reports, on our Internet web site or otherwise. Statements that are not historical are forward looking and reflect expectations and assumptions. These statements may be identified by the use of forward-looking words or phrases such as "intend," "plan," "may," "will," "project," "estimate," "anticipate," "believe," "expect," "continue," "potential," "opportunity" and similar expressions, whether in the negative or affirmative. We cannot guarantee that we actually will achieve these plans, intentions or expectations. All statements regarding our expected financial position, dividend policy, and business and financing plans are forward-looking statements. A number of factors could cause our actual results, performance, or achievements or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include risks related to our business as well as general economic conditions. Holders of shares and share equivalents should not place undue reliance on the forward-looking statements, which speak only as to the date when made.
Contact: Joe Vaccarello
Chief Financial Officer
(412) 504-0200
Maxim Crane Works Holdings, Inc.
CONTACT: Joe Vaccarello, Chief Financial Officer, Maxim Crane Works Holdings, Inc., +1-412-504-0200
Web site: http://www.maximcrane.com/ http://www.platinumequity.com/
À l'occasion de Management World 2008, Microsoft présente ses atouts dans la prestation de services en collaborant avec le secteur
NICE, France, May 21 /PRNewswire/ --
- La participation aux Projets catalyseurs de TM Forum renforce
l'engagement de Microsoft à accélérer le déploiement de services prenant
appui sur les normes du secteur.
Cette semaine, à l'occasion de TM Forum Management World 2008, Microsoft
Corp montrera son innovation constante et la force de son modèle de
partenariat en ce qui concerne l'offre de services nouveaux et intéressants
aux consommateurs et aux entreprises. Grâce à sa présence à l'exposition et à
sa participation au programme de la conférence Management World, Microsoft
mettra en avant sa vision pour Telco 2.0 en présentant son portefeuille
d'écrans, de services et de capacités de prestation de services qui font du
style de vie convergent une réalité. Microsoft y présentera également les
résultats de sa collaboration avec une vaste gamme de leaders du secteur,
notamment Accenture, Amdocs, AT&T, China Unicom Ltd, Chunghwa Telecom Co Ltd
et Telefonica SA, en tant qu'acteur clé dans quatre Projets catalyseurs de TM
Forum.
(Logo : http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO )
<< La prestation de services est un élément essentiel de la vision qu'a
Microsoft de Telco 2.0. Cette vision consiste à donner aux opérateurs la
possibilité de fournir tout type de contenu sur tout type de réseau et sur
tout type d'écran >>, a expliqué Michael O'Hara, directeur général du secteur
des communications chez Microsoft. << En associant l'expertise de Microsoft
dans les logiciels et les services aux actifs des leaders du secteur des
télécommunications, nous pensons être en mesure d'aider les prestataires de
services à proposer une gamme de services sans pareille à leurs clients grand
public et d'entreprise. Les Projets catalyseurs sont l'exemple même de la
façon dont le secteur dans son ensemble adopte une approche plus ouverte et
plus collaborative de la prestation de services ; le partage de cette
expertise permettra donc une innovation réelle. >>
<< Microsoft est un membre très actif et estimé de TM Forum >>, a déclaré
Martin Creaner, président et directeur technique de TM Forum. << Notre
objectif est d'avoir un regard critique sur la prestation et la gestion
rentables des nouveaux services au moyen de bonnes pratiques, et c'est là que
le soutien de Microsoft s'avère être la clé de nos efforts. C'est la première
année au cours de laquelle une société qui n'est pas dans le domaine des
télécommunications a pu parrainer un Projet catalyseur, ce qui souligne le
rôle unique de Microsoft dans le secteur. >>
Les Projets catalyseurs de TM Forum rassemblent les opérateurs et les
fournisseurs pour tenter de résoudre les problèmes auxquels ces derniers sont
confrontés lors de la mise en oeuvre de technologies existantes et éprouvées.
Microsoft, ainsi que d'autres participants, présenteront les initiatives
suivantes :
* << Construire des marchés avec les réseaux de services gérés >> est un
projet coparrainé par Microsoft et Telefonica qui vise à créer un
marché pour la nouvelle génération de services se basant sur les
principes du Web 2.0. Ce Projet catalyseur montre une façon cohérente,
flexible et économique de commercialiser en masse de nouveaux produits
et services, accélérant ainsi leur utilisation et leur adoption.
La démonstration associe le service Live Meeting de Microsoft au
service d'organisation - agenda de Telefonica Mobile ainsi qu'aux
services de portail Web et de flux vidéo d'Accenture. Cette
configuration est assurée par les technologies Tribold et
NetCracker et bénéficie d'une assurance de service fournie par CA et
Iptivia Inc. Ce projet sert de référence au processus de normalisation
du cadre de prestation de service de TM Forum.
<< Notre coopération avec Microsoft sur le Projet catalyseur prend
appui sur notre fort désir mutuel de fournir les meilleurs services >>,
a dit Sagrario Aleman Perez, expert technologique en évolution des
systèmes et nouveaux canaux chez Telefonica. << Il existe tout un
univers de services qui devrait déjà être mis à la disposition des
clients. L'implication de Microsoft par rapport au Projet catalyseur
ne fera qu'accélérer la vitesse à laquelle ces services pourront être
commercialisés. >>
* << Rencontre des contenus (phase II) >> présente les toutes dernières
technologies et les meilleures pratiques émergentes qui permettent aux
propriétaires et agrégateurs de contenu de travailler avec les
fournisseurs de service de communication pour distribuer du contenu.
Amdocs, BT, Call Genie Inc, China Unicom, Chunghwa Telecom,
eBIZ.mobility Ltd, Subex Ltd et Telcordia Technologies Inc sont les
nouveaux partenaires commerciaux venant se joindre aux participants à
la phase I, parmi lesquels figurent Alcatel-Lucent, AT&T, BEA,
Cognizant Technology Solutions Corp, IBM Corp, Microsoft, Motorola Inc
et Westwood One Inc.
* << OSS/BSS transparents pour services IMS (phase II) >> propose sept
services IMS typiques sur des terminaux IMS fixes ou mobiles et
fournit une facturation convergente de bout-en-bout avec un système de
facturation en ligne et un autre hors ligne. China Unicom sponsorise
le projet avec le soutien d'Amdocs, Microsoft et ZTE Corp.
<< OSS et BSS sont souvent des domaines ignorés de la recherche IMS, ce
qui explique en fait pourquoi ce projet nous tient tant à coeur >>, a
expliqué Zhijiang Zhang, directeur de la technologie chez China
Unicom. << L'implication de Microsoft en phase II de ce projet offrira
un modèle de référence plus faisable et intégré d'une solution
"OSS/BSS pour IMS". >>
* << Service fixé de convergence mobile en une étape >> aide Chunghwa
Telecom à fournir des services convergents mobiles fixés. Elle fera la
démonstration de technologies de réseau de nouvelle génération
intégrées aux architectures OSS/BSS actuelles et jetant les bases du
développement d'architectures OSS/BSS de nouvelle génération.
L'objectif est de fournir des services omniprésents sur tout appareil.
Parmi les participants figurent Amdocs, Microsoft, Nokia Siemens
Networks Taiwan, Tata Consultancy Services (TCS) Ltd, Tech Mahindra
Ltd et TELUS Corp.
<< Ce projet promet d'accélérer la nouvelle offre de service que
Chunghwa Telecom propose à ses clients >>, a confirmé Lu Shyue-Ching,
président de Chunghwa Telecom. << Cela nous permettra de réduire les
coûts de prestation de service, de fournir un guichet unique pour les
services FMC et d'être un opérateur de télécommunications de premier
ordre et d'ouvrir ainsi des marchés nouveaux et émergents. >>
Outre son implication dans les Projets catalyseurs, Microsoft prend
activement part au programme de formation de la conférence Management World.
Ses conférenciers prendront ainsi part aux séances suivantes ayant lieu le
mercredi 21 mai :
Module : Modèles de partenariat d'affaires collaboratifs
Titre de la séance : Réussir à générer des revenus avec l'écosystème
de services : initiatives des fournisseurs de services pour éviter le
syndrome du << tuyau idiot >>
Conférencier : Michel Burger, architecte de services, serveur et
outils, Microsoft
Lieu et heure : 11 h 00 à 12 h 30 heure d'été de l'Europe centrale
dans la salle de conférence Clio
Module : Annoncer les services télémédia et les faire fructifier 1
Titre de la séance : Créer des modèles d'entreprise gagnant-gagnant
pour tous les acteurs
Conférencier : Roger Pitton, directeur de programme, activité TV,
Microsoft
Lieu et heure : 11 h 00 à 12 h 30 heure d'été de l'Europe centrale
dans la salle de conférence Thalie
Module : Utilisation de SDF/SDP pour un déploiement de service rapide
Titre de la séance : SDF et l'univers d'affaires Lego : créer de la
nouvelle valeur pour les clients en composant et gérant des îlots de
services à partir de fournisseurs collaboratifs
Conférencier : Eric Troup, conseiller en stratégie de plate-forme,
secteur des communications, Microsoft
Lieu et heure : 14 h 00 à 15 h 30 heure d'été de l'Europe centrale
dans la salle de conférence Hermès
Module : Utilisation de SDF/SDP pour un déploiement de service rapide
Titre de la séance : Exploitation des cadres de prestation rapide pour
les réseaux de services
Conférencier : Michel Burger, architecte de services, serveur et
outils, Microsoft
Lieu et heure : 16 h 00 à 17 h 30 heure d'été de l'Europe centrale
dans la salle de conférence Hermès
Module : Annoncer les services télémédia et les faire fructifier 2
Titre de la séance : Le nouveau modèle de monétisation : publicité de
contenu et marchés d'Un
Conférencier : Jon Curnow, directeur des médias émergents, Solutions
de publicité et de publication de Microsoft
Lieu et heure : 16 h 00 à 17 h 30 heure d'été de l'Europe centrale
dans la salle de conférence Thalie
Microsoft à Management World
De plus amples renseignements sont disponibles au stand Microsoft dans le
hall 2, stand no 92.
À propos de Microsoft
Fondée en 1975, Microsoft (Nasdaq : MSFT) est le leader mondial des
logiciels, des services et des solutions qui aident les particuliers et les
entreprises à atteindre leur plein potentiel.
À propos de Microsoft EMEA (Europe, Moyen-Orient et Afrique)
Microsoft est présente dans la région EMEA depuis 1982. Microsoft emploie
plus de 16 000 personnes dans la région au sein de plus de 64 filiales,
fournissant des produits et des services dans plus de 139 pays et
territoires.
Le présent document ne sert qu'à des fins d'information. Microsoft Corp
rejette toutes les garanties et les conditions concernant l'utilisation du
présent document à d'autres fins. Microsoft Corp ne pourra, à aucun moment,
être tenue responsable des dommages directs, indirects, particuliers ou
consécutifs, ayant été occasionnés au cours d'une action contractuelle, d'une
négligence, ou de toute autre action découlant de l'utilisation du présent
document, ou qui y est liée. Aucun des propos contenus dans le présent
document ne peut être interprété comme une forme quelconque de garantie.
Site Web : http://www.microsoft.com
Microsoft Corp
En Europe, au Moyen-Orient et en Afrique, Laura Woodward, +44-7894-193-887, lwoodward@webershandwick.com, ou aux États-Unis, Rose Tucker, +1-425-452-5463, rtucker@webershandwick.com, ou en Asie-Pacifique, Marie Loh, +65-6825-8026, mloh@webershandwick.com, tous de chez Weber Shandwick, pour le compte de Microsoft Corp. REMARQUE À L'INTENTION DES RÉDACTEURS : Si vous voulez en savoir plus sur Microsoft EMEA, consultez http://www.microsoft.com/emea ou le centre de presse EMEA au http://www.microsoft.com/emea/presscentre. Les liens hypertextes, numéros de téléphone et les titres étaient corrects lors de la publication mais ont pu changer depuis. Pour de l'aide supplémentaire, les journalistes et les analystes peuvent contacter les contacts appropriés indiqués à http://www.microsoft.com/emea/presscentre/contactus.mspx. Si vous voulez en savoir plus sur Microsoft Corp, consultez la page Web de Microsoft au http://www.microsoft.com/presspass, sur les pages d'informations d'entreprise de Microsoft. Photo : NewsCom : http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO, Archive AP : http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com
Microsoft Outlines New Search Business Model: Live Search Cashback Rewards Consumers and AdvertisersAd-funded cash rebates now available to customers who search for and buy products through Microsoft Live Search cashback; key partners including eBay, Barnes & Noble.com, Overstock.com, Sears, Zappos.com, and WPP join Microsoft Chairman Bill Gates to announce their support.
REDMOND, Wash., May 21 /PRNewswire-FirstCall/ -- Microsoft Corp. today announced it will offer ad-funded cash rebates to customers who find and purchase their favorite products through a new program called Microsoft Live Search cashback. Key partners including eBay, Barnes & Noble.com, Overstock.com, Sears, Zappos.com, and WPP joined Microsoft Chairman Bill Gates at advance08, Microsoft's annual advertising customer event, to announce their participation in the new program.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)
The complete Live Search cashback product portfolio includes more than 10 million product offers from more than 700 merchants, including more than 13 of the top 40 U.S. retailers. The company also announced it has delivered a new Live Search travel destination, Live Search Farecast, making it easy for searchers to find the best travel deals on the Web.
"We believe search can offer much more value to consumers and advertisers than it does today, and we see Live Search cashback as an important opportunity to deliver additional value," Gates said. "Our goal is to make Live Search the most rewarding commercial search destination on the Web. Live Search cashback will help advertisers drive more online sales while giving consumers a new way to stretch their dollars."
During his keynote address, Gates outlined three areas of focus for the company's broad search vision:
* Delivering the best search results by continuing to focus on relevancy
and selection
* Expanding the role of search around the set of tasks that searchers are
most often working to accomplish -- including commerce, entertainment,
navigation and reference -- through improvements in its user experience,
intelligent tools and access across devices
* Innovating in the economic model that today powers the search business
by rewarding both advertisers and consumers for engagement
Today's announcements of Live Search cashback and Live Search Farecast signify that commerce queries will be the first of the four tasks on which the company will focus. As part of this "Commercial Search" strategy, Microsoft aims to make Live Search the premier search engine for the growing category of search queries that help consumers conduct research and purchase goods or services, and which are critical to merchants aiming to drive online sales of their products.
New Business Opportunity for Search Advertisers
The opportunity to reach consumers via search advertising is enormous and growing. According to eMarketer Inc. and other industry data, U.S. online retail is projected to grow to $335 billion by 2012, and today 68 percent of all those retail transactions begin at a search engine. This translates to 3.7 billion commerce-related queries a month. The primary choice for advertisers to reach these search customers is the cost-per-click (CPC) model, where merchants pay a fee each time a searcher clicks on their ad, whether or not the potential customer makes a purchase. The cost-per-action (CPA) model, where advertisers pay only when a customer makes a purchase, or completes a specific transaction, gives advertisers a more precise return on their advertising investment, and is currently being deployed on a relatively limited basis. The CPC and CPA search advertising models represent the most targeted advertising approaches available today, but there is still room for improvement.
With Live Search cashback, Microsoft helps merchants maximize their advertising investments and drive more sales by providing consumers with an added incentive to buy -- a cash rebate. Participating merchants choose to pay Microsoft a CPA fee each time a customer completes a sale through Live Search cashback. The fee is a percentage of the retail price, and when that transaction is complete, Microsoft returns that fee to the consumer in the form of a cash rebate.
"Our business is to connect consumers with brands in the most effective and efficient ways. Microsoft's Live Search cashback creates a real incentive for consumers to connect with our clients," said Sir Martin Sorrell, chief executive of WPP. "We believe this is a major development in the evolution of search marketing and look forward to participating and measuring the results."
Key partners participating in the Live Search cashback offering include Abe's of Maine, B&H, Backcountry.com, Barnes & Noble.com, Circuit City, Cookware.com, Crutchfield, eBags, eBay, Foot Locker, GiftBaskets.com, The Home Depot, HP, Jockey, J&R, Newegg.com, OfficeMax, Overstock.com, PetSmart, QVC, Sears, Spiegel, TigerDirect.com, Vitamin Shoppe, and Zappos.com. A complete list of Live Search cashback partners can be found at http://www.live.com/cashback.
"We're happy to be partnering with Microsoft on this innovative program," said John Donahoe, president and CEO of eBay Inc. "By combining eBay's marketing expertise and incredible volume and velocity of trade, PayPal's leadership in online payments, and Microsoft's cashback program, we see a great opportunity to deliver more value in the eBay marketplace."
Available to Consumers Today: Live Search Cashback and Live Search Farecast
Live Search cashback, built on technology and partnerships acquired through Microsoft's October 2007 purchase of comparison shopping site Jellyfish, launched online today at http://www.live.com/cashback. With Live Search cashback, Live Search users can easily find some of the best deals on the Web either at the cashback gallery -- where they can compare prices and get ad-funded rebates on more than 10 million products -- or by discovering cashback ads in Live Search sponsored listings. Customers sign up for a Live Search cashback account at the time of their first purchase, accrue ad-funded rebates in their account each time they purchase a product in the Live Search cashback program, and receive their rebates in their cashback account directly from Microsoft 60 days after completing purchases.
Also available today is the new Live Search Farecast, which includes technology acquired through Microsoft's April 2008 acquisition of Farecast Inc., the award-winning travel site known for helping users find the lowest airfares by predicting when to buy. Starting today, Live Search Farecast results can be found at http://farecast.live.com/ and via Instant Answers in the main Live Search results page. Microsoft will explore the possibility of also incorporating an ad-funded rebate option for travel services in the future.
The keynote address from advance08 will be available for Web video playback at http://www.microsoft.com/presspass.
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Microsoft Corp.
CONTACT: Rapid Response Team of Waggener Edstrom Worldwide, +1-503-443-7070, rrt@waggeneredstrom.com, for Microsoft Corp.
Web site: http://www.microsoft.com/
Compuware Helps IT Organizations Save Time and Money With Simplified Database AdministrationCompany to Demonstrate New Products and Thought Leadership at IDUG Conference
DALLAS, May 21 /PRNewswire-FirstCall/ -- Compuware Corporation today announced the release of version 6.4 of its powerful DB2 administration workbench, Compuware DBA-Xpert for DB2. This tool helps DBAs automate the migration from one version of DB2 to another--saving labor, time and money.
"Compuware is committed to helping our customers achieve economic value from their investments in technology," said Rose Rowe, Compuware Vice President of Mainframe Solutions. "By automating what would otherwise be very complex and labor intensive activities, DBA-Xpert for DB2 saves our customers both time and money."
To provide additional insight into the complex tasks that face DBAs, Greg Lackey, a leading expert in DB2 migration for Compuware, will join Susan Lawson and Dan Luksetich of Yevich, Lawson and Associates Inc. to present "Handling DB2 Database and Version Migrations" at the IDUG North America conference on Wednesday, May 21 from 11:00 a.m. - 12:00 p.m. Yevich, Lawson and Associates Inc specializes in DB2 z/OS database and application design and performance. Lawson and Luksetich work with clients developing and tuning some of the world's largest DB2 z/OS databases, and also teach a wide variety of classes based upon their experience. They recently authored the "DB2 9 for z/OS DBA Certification Guide" published by McPress.
"With object migrations occupying a significant portion of DBA time, a good tool is a necessity," said Lawson. "Given complex object relationships in today's databases, a good migration tool is a must!"
Compuware representatives will be on hand at the IDUG conference to work with customers and demonstrate how migration from one DB2 version to another can be more streamlined, cost effective and successful. Customers and others can find Compuware at booth 413.
The extended support for DB2 V9 with DBA-Xpert for DB2 release 6.4 provides a single tool to help DBAs efficiently face the challenges and complexities associated with the migration from one version of DB2 to another. By allowing simultaneous access to multiple DB2 subsystems running different versions and making it easier to respond to multiple requirements within a single session, DBA-Xpert enables DBAs to reduce errors and enjoy smoother, more successful migrations and database modifications. These capabilities are especially important for those looking for an efficient and seamless transition from one version of DB2 to another.
DBA-Xpert 6.4 is a single-product database management tool providing centralized control of database development, maintenance and security in a complex DB2 subsystem environment. It allows database administrators to simultaneously access and administer multiple DB2 systems and versions on separate LPARs from a single DBA-Xpert session.
Compuware Corporation
Compuware Corporation maximizes the value IT brings to the business by helping CIOs more effectively manage the business of IT. Compuware solutions accelerate the development, improve the quality and enhance the performance of critical business systems while enabling CIOs to align and govern the entire IT portfolio, increasing efficiency, cost control and employee productivity throughout the IT organization. Founded in 1973, Compuware serves the world's leading IT organizations, including more than 90 percent of the Fortune 100 companies. Learn more about Compuware at http://www.compuware.com/ .
Press Contact
Sean M. Patrick, Communication Analyst, Compuware Communications and Investor Relations, 313-227-5594, sean.patrick@compuware.com
For Sales and Marketing Information
Compuware Corporation, One Campus Martius, Detroit, MI 48226, 800-521-9353, http://www.compuware.com
Compuware Corporation
CONTACT: Sean M. Patrick, Communication Analyst, Compuware Communications and Investor Relations, +1-313-227-5594, sean.patrick@compuware.com, or Sales and Marketing Information, Compuware Corporation, +1-800-521-9353
Web site: http://www.compuware.com/
Company News On-Call: http://www.prnewswire.com/comp/112310.html
CTB/McGraw-Hill Releases Enhanced TerraNova Online AssessmentOnline Version of Popular TerraNova Assessment Provides More Reporting Capabilities to Enhance Classroom Instruction
MONTEREY, Calif., May 21 /PRNewswire/ -- CTB/McGraw-Hill today announced the release of TerraNova(TM) Online, its premier norm-referenced assessment product, on an enhanced Web-based platform that provides more robust reporting capabilities so educators can receive faster results to inform classroom instruction.
TerraNova is the first research-based, norm-referenced assessment that has the flexibility to be administered online and in paper-and-pencil format with reporting capabilities that allow seamless comparisons between both formats regardless of how the test is administered.
"CTB's paper-and-pencil version of TerraNova is an excellent measure of academic achievement and gives educators a reliable resource for supporting instruction at the classroom level," said Ellen Haley, president of CTB/McGraw-Hill. "With this enhanced online version of TerraNova, we are providing a digital delivery platform that is more familiar to today's tech-savvy students and provides more schools with the option to test some or all students online."
The TerraNova assessment was highlighted in a recent U.S. Department of Education study, "The Predictive Validity of Selected Benchmark Assessments Used in the Mid-Atlantic Region," as the only one of four benchmark assessments to demonstrate that it was a valid tool in predicting student performance on statewide summative assessments.
TerraNova Online leverages the success of the paper-and-pencil version into a modern, online format on a new technology platform, allowing educators to accurately compare results from paper-and-pencil and online test administrations.
Incorporating 2005 norms, covering Reading/Language and Math for Grades 3-10, TerraNova Online gives educators a comprehensive tool to identify student needs, and monitor student progress relative to local, state, and national standards. Curricula-based test questions and content are contemporary, age-appropriate, and reflect real-world situations, engaging students and motivating them to do their best.
Features specific to TerraNova Online include:
-- Engaging, easy-to-use student interface, with a helpful tutorial
-- Test data that can be exported to spreadsheet and other applications
for data evaluation and report creation
-- Information on item and objectives/standards level helps teachers
pinpoint student needs
-- Norm-referenced data and objective information let educators compare
student performance nationally or with specific groups
-- No scanning or scoring necessary - data are returned in hours
-- Compatible with both Macintosh and PC systems
-- Administered with secure lockdown browser that disables keystroke
commands not related to test administrations
TerraNova Online also includes a variety of report styles to provide educators with data in the format most useful for their purposes, including a narrative home report for parents. Paper-and-pencil test results can be incorporated, allowing comparison with state or other data.
Based on rigorous psychometric standards, TerraNova Online delivers valid, reliable, and fair assessments. The assessments measure a wide range of skills and proficiency levels and assess higher levels of cognitive processing and deeper depths of knowledge. Educators receive clear, immediate, comprehensive, and instructionally relevant results to identify student needs and target instruction. TerraNova Online is available in options to suit various district and diocese needs. For more information, call 800.538.9547 or visit http://www.ctb.com/.
About CTB/McGraw-Hill
As the nation's leading publisher of standardized and standards-based achievement tests for pre-school, elementary, middle, high school, and adult education, CTB/McGraw-Hill LLC offers a broad range of assessments, software and services. CTB/McGraw-Hill LLC is part of the Assessment and Reporting group of McGraw-Hill Education (MHE), a division of The McGraw-Hill Companies . MHE is a leading global provider of instructional, assessment and reference solutions that empower professionals and students of all ages. McGraw-Hill Education has offices in 33 countries and publishes in more than 40 languages. Additional information is available at http://www.ctb.com/.
Media Inquiries
Kelley Carpenter
Director, Communications
(831) 393-7196
kelley_carpenter@mcgraw-hill.com
CTB/McGraw-Hill
CONTACT: Media Inquiries Kelley Carpenter Director, Communications +1-831-393-7196 kelley_carpenter@mcgraw-hill.com
Web site: http://www.ctb.com/
Convergys Acquires Visage Mobile's Subscriber Management Business
SAN FRANCISCO, May 21 /PRNewswire/ -- Visage Mobile, the leading provider of mobility and subscriber management solutions, today announced that it has entered into a definitive agreement to sell its highly regarded Subscriber Management business to Convergys Corporation . Convergys is a global leader in relationship management, providing solutions that drive more value from the relationships its clients have with their customers and employees.
"We pride ourselves on building sophisticated on-demand management systems, and today's agreement with Convergys serves as a testament to the quality of the platform our team has built," said Matt Johnson, chief executive officer for Visage Mobile. "We have been partners with Convergys since our founding and have great respect for its team, its business, and its vision. Knowing Convergys will be able to combine our technology and customer relationships with its world-class solutions, and thus enhance and extend the platform, gives us great satisfaction. Today's deal also enables us to focus Visage's resources on our new mobility management solution, MobilityCentral, and lets us accelerate the growth of that business."
Visage Mobile began creating on-demand communications management solutions in 2001. Its first product was the Visage Subscriber Management Platform for mobile virtual network operators (MVNOs). In April 2008, Visage launched MobilityCentral, an on-demand software solution for enterprises seeking a better way to monitor and manage their portfolio of mobility assets and related services. Proceeds from the sale of the Subscriber Management business unit will be used to grow Visage's MobilityCentral business.
GCA Savvian Advisors, LLC acted as financial advisor to Visage. Fenwick & West LLP acted as legal advisor to Visage. Terms of the sale were not disclosed.
About Visage Mobile
Visage Mobile (http://www.visagemobile.com/) is a leading provider of on- demand mobility management solutions for enterprises. Its flagship software solution, MobilityCentral (http://visagemobile.com/Product), brings visibility and control to the complex and fragmented world of enterprise mobility. Founded in 2001, Visage Mobile has been recognized as a Red Herring 100 winner and an IDC Ten Emerging Wireless Players to Watch. Additional information is available at http://www.visagemobile.com/.
About Convergys Corporation
Convergys Corporation is a global leader in relationship management. We provide solutions that drive more value from the relationships our clients have with their customers and employees. Convergys turns these everyday interactions into a source of profit and strategic advantage for our clients.
For 25 years, our unique combination of domain expertise, operational excellence, and innovative technologies has delivered process improvement and actionable business insight to clients that now span more than 70 countries and 35 languages.
Convergys is a member of the S&P 500 and has been voted a Fortune Most Admired Company for eight consecutive years. We have approximately 75,000 employees in 85 customer contact centers and other facilities in the United States, Canada, Latin America, Europe, the Middle East, and Asia, and our global headquarters in Cincinnati, Ohio. For more information, visit http://www.convergys.com/
(Convergys and the Convergys logo are registered trademarks of Convergys Corporation.)
Visage Mobile
CONTACT: Donnelle Koselka of Visage Mobile, +1-949-690-8284, dkoselka@visagemobile.com; or John Pratt of Convergys Corporation, +1-513-723-3333, john.pratt@convergys.com
Web site: http://www.visagemobile.com/ http://www.convergys.com/
Southern Company Takes Top Honors in National Customer Satisfaction Survey
ATLANTA, May 21 /PRNewswire-FirstCall/ -- Southern Company has received the highest ranking in customer satisfaction among U.S. electric service providers for the ninth consecutive year by the American Customer Satisfaction Index (ACSI). ACSI is a national economic indicator for customer evaluations of the quality of products and services available to household consumers in the United States.
Southern Company scored 81 out of a possible 100, receiving the highest score among the energy utility companies ranked. The industry average for energy utilities in 2008 is 74, higher than the 2007 industry average of 73.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020207/SOCOLOGO )
The American Customer Satisfaction Index is based on interviews with U.S. residential customers across a number of industries including energy utilities. The study measures customer satisfaction among some on the largest electricity providers in the country in a number of areas, including perceived quality, perceived price and customer expectations.
"We're pleased to be recognized by our customers as a leader in customer satisfaction for the ninth straight year and proud to be among the highest scoring companies in the U.S.," said David Ratcliffe, chairman, president and CEO, Southern Company. "Customer satisfaction is a top priority and we remain committed to providing our customers with superior service, high reliability and affordable prices."
With nearly 4.4 million customers and more than 42,000 megawatts of generating capacity, Atlanta-based Southern Company is the premier energy company serving the Southeast, one of America's fastest-growing regions. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are significantly below the national average. Southern Company has been listed the top ranking U.S. electric service provider in customer satisfaction for nine consecutive years by the American Customer Satisfaction Index (ACSI). Visit our Web site at http://www.southerncompany.com/ .
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020207/SOCOLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Southern Company
CONTACT: Valerie Holpp, +1-404-506-5333, +1-866-506-5333, media@southerncompany.com
Web site: http://www.southerncompany.com/
Ayer and Littleton, Massachusetts Residents to Benefit From Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Voice, Multimedia and Internet Access
AYER, Mass., May 21 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local residents in Middlesex County, Verizon Wireless has activated a new cell site. The new site increases wireless voice and data coverage and capacity along Routes 110, 2a, and Sandy Pond Road in Ayer and Littleton, Massachusetts, as well as the surrounding area.
Verizon Wireless has invested more than $45 billion since it was formed to increase the coverage and capacity of its national network and to add new services like BroadbandAccess and V CAST. Regionally the company has invested nearly $2.2 billion into its New England network, including over $292 million in 2007 alone. As a result of these investments, every Verizon Wireless cell site in New England offers wireless broadband connectivity.
BroadbandAccess offers computer users the nation's most reliable high- speed wireless mobile broadband network, operating at average upload speeds between 500 and 800 kbps, and download speeds between 600 kbps and 1.4 mbps over Verizon Wireless' BroadbandAccess with EV-DO Revision A network. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones.
Strong demand for Verizon Wireless services continued during the first quarter of 2008 as the company added 1.5 million net new customers and, for the fourteenth consecutive quarter, reported the lowest customer turnover (highest customer loyalty) rate in the wireless industry.
The company's 'nation's most reliable wireless network' reputation is based on network studies performed by real-life test men and test women throughout the country who inspired the "can you hear me now" national advertising campaign. Nationally, these test men and women drive nearly 100 specially equipped vehicles almost 1,000,000 miles annually on Interstate, U.S. and state highways as well as major roads and surface streets in high- population areas, based upon U.S. Census counts, to confirm that voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/ . To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia .
Verizon Wireless
CONTACT: Michael Murphy of Verizon Wireless, +1-781-932-1213, Michael.murphy@verizonwireless.com; or Anne Elise O'Connor of Thomson Communications, +1-617-548-2765, Aeoc@thomsoncommunications.com, for Verizon Wireless
Web site: http://www.verizonwireless.com/
InstaCare Corp. in Turnaround Reports 258% Revenues Increase in 1Q 2008ISCR also Reports 1st quarter profit, enhanced operations and new agreements
LOS ANGELES, May 21 /PRNewswire-FirstCall/ -- InstaCare Corp., (BULLETIN BOARD: ISCR) , a leading distributor of at-home testing diagnostics for the chronically ill, life-saving prescription drugs and a developer of patent-pending technologies for e-health and EMR applications, reported financial results for the first quarter period-ended March 31, 2008. Recent highlights include:
-- Revenue grew by 258% in 1Q 2008 vs. 1Q 2007 as sales and orders for
at-home diagnostics and medical surgical products surged
-- ISCR reports 1Q 2008 operating profit of $146,522 and enhanced
operating margins vs. 2007
-- Letters of commitment executed with two major medical surgical products
companies
-- Company announces agreements with two additional pharmacies for market
growth
For the first quarter of 2008, InstaCare reported revenues of $2,797,382, a gain of 258% from $1,083,282 recorded during the first quarter of 2007. The increase in revenues was due primarily to sales from the distribution of medical diagnostic and medical disposable products for patients with chronic diseases. Total expenses for the quarter ended March 31, 2008 were $300,977, a decrease of $149,355 over the quarter ended March 31, 2007. The Company reported an operating profit of $146,522 during the first quarter of 2008 compared with an operating loss of $255,682 recorded during the first quarter 2007. The Company incurred a net profit of $41,730, or nil per basic and diluted share for the quarter ended March 31, 2008, compared with a net loss of $403,203 or ($0.04) per basic and diluted share reported for the quarter ended March 31, 2007. InstaCare had cash, accounts, inventory and equivalents of $994,436 as of March 31, 2008.
Keith Berman, chief financial officer of InstaCare, commented, "This has been an exceptional quarter for InstaCare as our businesses grew profitable, on surging sales. We successfully remade our medical diagnostics and medical disposable products distribution businesses and generated almost three million dollars in sales during the first quarter which underscores the health of our business even in a slowing national economy. Now that our cost structure is in place, additional sales will be accompanied by only small incremental expenses and if current trends continue we expect further positive developments this year."
Forward Looking Statements:
This release contains forward-looking statements about our business or financial condition that reflect our assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks and circumstances that we are unable to predict. When used in this release, words such as "believes," "expects," "forecasts," "intends," "projects," "plans," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain statements not accompanied by such expressions.
For further information, visit the company's Web Site: http://www.instacare.net/.
Company Contact:
InstaCare Corp.,
Keith Berman
(805) 446-1973
info@instacare.net
Tables
InstaCare Corp.
Condensed Consolidated Balance Sheets
March 31, December 31,
2008 2007
(Unaudited) Audited
Assets
Current assets:
Cash $127,505 $4,353
Accounts receivable 698,545 669,041
Inventory 161,925 96,450
Prepaid expenses 6,461 3,816
Total current assets 994,436 773,660
Fixed assets net of accumulated depreciation
of $154,063 and $145,000, respectively 27,187 36,250
Other assets
Deposits 3,412 3,412
Amortizable loan fees 57,293 -
Total other assets 60,705 3,412
Total assets $1,082,328 $813,322
Liabilities and Stockholders' (Deficit)
Current liabilities:
Accounts payable $21,777 $120,107
Accrued liabilities 194,795 199,265
Accrued interest 455,013 412,837
Line of credit 449,305 467,044
Demand note - related party 280 280
Notes payable, current portion 182,178 181,021
Convertible notes payable 1,452,688 1,377,689
Total current liabilities 2,756,036 2,758,243
Long-term debt, net of current portion 71,623 85,109
Stockholders' (deficit)
Preferred stock, $0.001 par value, 3,249,000
shares authorized, 207,526 shares
issued and outstanding as of March 31, 2008
and December 31, 2007, respectively 207 207
Preferred series "A" stock, $0.001 par value,
750,000 shares authorized no shares
issued and outstanding as of March 31, 2008
and December 31, 2007, respectively - -
Preferred series "C" stock, $0.001 par value,
1,000,000 shares authorized, 17,860
Shares issued and outstanding as of March 31,
2008 and December 31, 2007, respectively 18 18
Preferred series "D" stock, $0.001 par value,
1,000 shares authorized, no shares
issued and outstanding as of March 31, 2008
and December 31, 2007, respectively - -
Common stock, $0.001 par value, 1,750,000,000
shares authorized, 36,831,495 and
29,200,026 shares issued and outstanding as
of March 31, 2008 and December 31, 2007 36,832 29,200
Shares authorized and unissued, 3,700,294 as
of December 31, 2007, respectively - 3,700
Additional paid in capital 17,593,241 17,353,200
Dividend payable 341,825 292,392
Accumulated (deficit) (19,717,454) (19,709,747)
Total stockholders' (deficit) (1,745,331) (2,030,030)
Total liabilities and stockholders'
(deficit) $1,082,328 $813,322
InstaCare Corp.
Condensed Consolidated Statements of Operations
(Unaudited)
For the Three Months Ended
March 31,
2008 2007
Revenue $2,797,382 $1,083,282
Cost of sales 2,349,883 888,652
Gross profit 447,499 194,630
Expenses:
General and administrative 60,745 102,557
Consulting 65,293 258,267
Payroll expense 120,520 53,253
Professional fees 45,356 24,490
Depreciation expense 9,063 11,745
Total operating expenses 300,977 450,312
Net operating income (loss) 146,522 (255,682)
Other income (expense):
Contingency for damaged product claim - (81,600)
Finance costs (49,474) (9,216)
Interest expense (55,318) (56,705)
Total other income (expense) (104,792) (147,521)
Net income (loss) $41,730 $(403,203)
Add: Dividends declared on preferred stock - (66,250)
Income (loss) available to common stockholders' $41,730 $(469,453)
Weighted average number of common shares
outstanding - basic and fully diluted 34,048,005 10,310,099
Net income (loss) per share - basic and
fully diluted $0.00 $(0.04)
InstaCare Corp.
CONTACT: Keith Berman of InstaCare Corp., +1-805-446-1973, info@instacare.net
Web site: http://www.instacare.net/ http://www.caredecision.com/
GibbsCAM Certified by Autodesk for Inventor 2009Leading CAM Software is Powerful Manufacturing Solution for Inventor
MOORPARK, California, May 21 /PRNewswire-FirstCall/ -- Cimatron Limited , a leading provider of integrated CAD/CAM solutions for the tool making and manufacturing industries, announced today that GibbsCAM(R), CAM software for programming CNC machine tools and controls, has been certified for Autodesk Inventor(R) 2009 under the Autodesk Inventor Certified Applications Program. Certification is granted only after a product has been thoroughly tested by internal staff at Autodesk. Certified applications meet certain implementation guidelines and have demonstrated the highest levels of robustness, quality, and interoperability with Autodesk Inventor software.
"We are extremely pleased to once again be certified under the Autodesk Inventor Certified Applications Program. This clearly demonstrates the two companies' joint dedication to providing effective solutions for our customers," says Bill Gibbs, founder and president of Gibbs and Associates. "GibbsCAM's powerful, yet easy to use, capabilities can take Autodesk Inventor designs and put them into production quickly and easily. The Autodesk Inventor/GibbsCAM combination continues to offer Autodesk Inventor users incredible value and performance."
"The ever expanding capabilities of GibbsCAM offer Inventor users a broad range of functionality, covering 2-axis turning, 2 & 2.5D milling, 3-axis multi-surface machining with high-speed machining support, 5-axis simultaneous machining through complex multi-task machining," comments Robb Weinstein, Gibbs' Senior Vice President of Sales and Strategic Planning. "In addition, to its industry leading ease-of-use, the number of languages which GibbsCAM supports continues to expand keeping pace with Autodesk's broad distribution. Of course, our worldwide organization of professional CAM resellers continues to be key in the success of our customers and in our working relationships with our strategic partners."
GibbsCAM is able to directly read in native Autodesk Inventor model files for process planning and toolpath generation. The Inventor-to-GibbsCAM add-in also allows Autodesk Inventor models to be directly transferred from within Autodesk Inventor to GibbsCAM. Updates to either part geometry or process parameters are easily accommodated by GibbsCAM's full associativity across geometry, process and toolpath. GibbsCAM's industry leading ease-of-use allows users to quickly take advantage of its powerful capabilities - from minimizing how long it takes to learn how to use the software, to efficiently addressing day-to-day manufacturing engineering tasks with extremely intuitive capabilities.
For more information about GibbsCAM and Gibbs' programming solutions, or to locate your local GibbsCAM Reseller, go to http://www.gibbscam.com/, call +1-800-654-9399, or email info@GibbsCAM.com.
About Gibbs and Associates and GibbsCAM
For over twenty years, Gibbs and Associates has been a leader in providing cutting edge CAD/CAM technology, while maintaining its signature ease-of-use and productivity. Powerfully Simple, Simply Powerful is the guiding philosophy at Gibbs. Gibbs believes in empowering the NC programmer, machinist, and manufacturing engineer, not eliminating them. Gibbs' goal is to introduce manufacturers to new technologies and new ways of working that makes their machining easier and their businesses more profitable. To achieve this goal, Gibbs creates tools that are naturally intuitive, graphically interactive, extremely visual, associative, and just plain enjoyable to use. Gibbs provides a total quality solution with the service and support successful customers require.
The current GibbsCAM product line supports 2- through 5-axis milling, turning, mill/turning, multi-task simultaneous machining and wire-EDM. GibbsCAM also provides fully integrated manufacturing modeling capabilities that include 2D, 2.5D, 3D wireframe, surface, and solid modeling. GibbsCAM has received Microsoft's "Designed for Windows XP/2000" and "Works with Windows Vista" certifications. GibbsCAM's data exchange capabilities are able to access the broadest range of native and industry standard CAD data formats. GibbsCAM is certified under the Autodesk Inventor Certified Application Program, is a Solid Edge Certified Select Product, and is a SolidWorks Certified CAM Product. GibbsCAM is either offered or endorsed by a number of leading worldwide control and machine tool manufacturers, including GE Fanuc, Infimatic, Siemens, Doosan Infracore, Haas, Index, MAG Fadal, Mazak, Mitsubishi, Mori Seiki, and Tornos. Gibbs and Associates distributes its products worldwide through a network of international Resellers.
In January 2008, Gibbs and Associates merged with Cimatron Ltd, and is now operating as a wholly owned subsidiary. For more information about Gibbs and Associates and its CAM software packages, call +1-800-654-9399, or visit the company on-line at http://www.gibbscam.com/.
About Cimatron
With over 25 years of experience and more than 40,000 installations worldwide, Cimatron is a leading provider of integrated, CAD/CAM solutions for mold, tool and die makers as well as manufacturers of discrete parts. Cimatron is committed to providing comprehensive, cost-effective solutions that streamline manufacturing cycles, enable collaboration with outside vendors, and ultimately shorten product delivery time.
The Cimatron product line includes the CimatronE and GibbsCAM brands with solutions for mold design, die design, electrodes design, 2.5 to 5 axes milling, wire EDM, turn, Mill-turn, rotary milling, multi-task machining, and tombstone machining. Cimatron's subsidiaries and extensive distribution network serve and support customers in the automotive, aerospace, medical, consumer plastics, electronics, and other industries in over 40 countries worldwide.
Cimatron is publicly traded on the NASDAQ exchange under the symbol CIMT. For more information, please visit the company web site at: http://www.cimatron.com/.
This press release includes forward looking statements, within the meaning of the Private Securities Litigation Reform Act Of 1995, which are subject to risk and uncertainties that could cause actual results to differ materially from those anticipated. Such statements may relate to the company's plans, objectives and expected financial and operating results. The words "may," "could," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions or variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of the future performance and involve risks and uncertainties, many of which are beyond the company's ability to control. The risks and uncertainties that may affect forward looking statements include, but are not limited to: currency fluctuations, global economic and political conditions, marketing demand for Cimatron products and services, long sales cycle, new product development, assimilating future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties of the business, refer to the Company's filings with the Securities and Exchanges Commission. The company cannot assess the impact of or the extent to which any single factor or risk, or combination of them, may cause. Cimatron undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
For More Information Contact:
Yvonne Anderson,
Marketing Communications,
Manager,
Gibbs and Associates,
Phone: +805-523-0004,
Fax: +805-523-0006,
Email: yvonnea@GibbsCAM.com ;
Ilan Erez,
Chief Financial Officer,
Cimatron Ltd.,
Phone: +972-3-531-2121,
Email: ilane@cimatron.com ;
Yael Nevat,
Commitment-IR.com,
Phone: +972-3-611-4466,
+972-50-762-6215,
Email: yael@commitment-IR.com .
Cimatron Ltd
CONTACT: For More Information Contact: Yvonne Anderson, Marketing Communications, Manager, Gibbs and Associates, Phone: +805-523-0004, Fax: +805-523-0006, Email: yvonnea@GibbsCAM.com ; Ilan Erez, Chief Financial Officer, Cimatron Ltd., Phone: +972-3-531-2121, Email: ilane@cimatron.com ; Yael Nevat, Commitment-IR.com, Phone: +972-3-611-4466, +972-50-762-6215, Email: yael@commitment-IR.com .
Torex Selects Astea Alliance to Power Integrated Service Management
HORSHAM, Pa., May 21 /PRNewswire-FirstCall/ -- Astea International Inc. , a leading provider of Service Lifecycle Management and Mobility software solutions today announced that Torex, the leading European-based global provider of software solutions to the extended retail marketplace, has selected Astea Alliance to manage the service of its solutions for the extended retail marketplace.
Torex will bring a new level of business value to its clients through the seamless integration of its service function. Using Astea Alliance, Torex will have complete visibility and control of its service supply chain. From the initial customer call to the closing of work orders, customer invoicing and product replacement, every step in the service lifecycle process represents an opportunity for improving customer satisfaction, reducing costs and increasing revenues. In order to deliver best-in-class service, companies need seamless continuity and visibility of every interaction with the customer. Critical customer information must be shared and instantly available to everyone in the organization that touches that customer.
"As a global business it is imperative that Torex has a common business solution platform to meet our growth plans and to support the objective of delivering a standard approach to doing business. ASTEA is a cornerstone for our global applications solution stack which will, in due course, be integrated with our CRM and financial systems. As a metrics driven organisation with a strong customer-centric approach it is imperative that we have the right systems in place to measure the organisation's output. Collectively these systems will deliver tangible efficiency gains and drive our effectiveness in improving customer service," said Graeme Cooksley, President and COO at Torex.
Astea's unique capabilities will help Torex to conveniently and effectively measure, predict, plan and optimize their overall service lifecycle management strategy. With personalized, multi-dimensional views, easy-to-assess dashboards and proactive alerts, Torex will get the insight to increase competitiveness and profitability.
"Corporations are looking to unify information for a 360 degree view of the customer," said Mark Comer, Managing Director of EMEA at Astea. "By partnering with Astea, Torex will break down the traditional barriers between departmental and enterprise systems. World-class service companies know that an integrated approach that ties call centers, depots, field service, sales and office personnel together provides the most value to their customers. With Astea's portfolio of solutions we can provide Torex with the comprehensive service lifecycle management information backbone that will help them in this competitive and dynamic environment."
About Torex
With more than 20 years experience, Torex is the leading European-based global provider of proven, best-in-class solutions that help over 7,000 customers provide a defining customer experience in the retail, petroleum & convenience, fast moving consumer goods, and leisure, food & beverage markets. The systems developed by Torex cover every aspect of retailing from in-store point of sale and merchandising, to back office planning and scheduling, to head office performance and productivity management. http://www.torex.com/
About Astea
Astea International is a global provider of service management software that addresses the unique needs of companies who manage capital equipment, mission critical assets and human capital. With the acquisition of FieldCentrix, Astea complements its existing portfolio with the industry's leading mobile field service execution solutions. Astea is helping companies drive even higher levels of customer satisfaction with faster response times and proactive communication, creating a seamless, consistent and highly personalized experience at every customer relationship touch point. Since its inception in 1979, Astea has licensed applications to companies, around the world, in a wide range of sectors including information technology, telecommunications, instruments and controls, business systems, HVAC, gaming/leisure, imaging, industrial equipment, and medical devices.
http://www.astea.com/ . Service Smart. Enterprise Proven.
Astea and Astea Alliance are trademarks of Astea International Inc. All other company and product names contained herein are trademarks of the respective holders.
Astea International Inc.
CONTACT: Debbie Geiger, Vice President of Marketing of Astea International Inc., +1-215-682-2314, dgeiger@astea.com
Web site: http://www.astea.com/ http://www.torex.com/
Robert A. Van Duivenbode Joins Playlogic Entertainment as Corporate IR/PR Officer
AMSTERDAM, Netherlands, May 21 /PRNewswire-FirstCall/ -- Today, Playlogic Entertainment, Inc. (BULLETIN BOARD: PLGC) , an independent worldwide publisher of entertainment software, announces the arrival of Robert A. Van Duivenbode, who will join the company as Investor Relations and Corporate Public Relations Officer as of May 26, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20071119/PLAYLOGICLOGO )
Robert A. Van Duivenbode (42 years) worked at Van Der Moolen, a leading Euronext and NYSE trading company in Amsterdam for 19 years. At Van Der Moolen Amsterdam, Robert A. Van Duivenbode was a senior trader for leading stocks such as Philips, ING and KPN.
From 2003 until 2007, Robert A. Van Duivenbode was Managing Director at Van Der Moolen's Trading Department, responsible for over 20 employees at the Amsterdam Trading Floor.
"The world wide interactive entertainment business is extremely exciting and growing at an incredible pace," states Van Duivenbode. "I am very proud that I can be a part of this industry at Playlogic, who has already proven to be a successful publisher in this rapidly expanding market."
ABOUT PLAYLOGIC:
Playlogic Entertainment, Inc. is an independent publisher of entertainment software for consoles, PCs, handhelds, mobile devices, and other digital media. Playlogic distributes its products worldwide through all available channels, online and offline. Playlogic, who currently has approximately 80 employees, is listed on the Nasdaq OTC under the symbol "PLGC" and is headquartered in New York and Amsterdam. Its internal game development studio is based in Breda (The Netherlands).
Playlogic's portfolio includes games that are being developed by several teams at the Playlogic Game Factory, Playlogic's in-house development studio based in Breda, as well as games developed by a number of studios throughout the world with approximately 400 people of external development staff. The Playlogic Game Factory also develops first party titles for Sony Computer Entertainment Europe.
Playlogic publishes quality games, working with leading technology to produce digital entertainment from concept to finished product. Playlogic plans to publish 20 titles during 2008.
FORWARD LOOKING STATEMENTS:
This release contains statements about PLAYLOGIC's future expectations, performance, plans, and prospects, as well as assumptions about future events. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, business and economic conditions and trends; fluctuations in operating results; reduced customer demand relative to expectations; competitive factors; and other risk factors listed from time to time in the company's SEC reports. Actual results may differ materially from our expectations as the result of these and other important factors relating to PLAYLOGIC'S business and product development efforts, which are further described in filings with the Securities and Exchange Commission. These filings can be obtained from the SEC's website located at http://www.sec.gov/. Any forward-looking statements are based on information available to PLAYLOGIC on the date of this release, and PLAYLOGIC assumes no obligation to update such statements.
FOR MORE INFORMATION
Playlogic International
Loana Leatomu
T: +31 20 676 03 04
E: lleatomu@playlogicint.com
For further information about Playlogic, the games she publishes and develops, artwork and press information, please visit our press section on http://www.playlogicgames.com/
Photo: http://www.newscom.com/cgi-bin/prnh/20071119/PLAYLOGICLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Playlogic Entertainment, Inc.
CONTACT: Loana Leatomu, Playlogic International, +31-20-676-03-04, lleatomu@playlogicint.com
Web site: http://www.playlogicgames.com/
STMicroelectronics Extends ESBT(R) Voltage Rating for Low-Loss SMPS Design in Three-Phase ApplicationsFirst member of new 2200V-rated power switch family saves energy, size and cost
GENEVA, May 21 /PRNewswire-FirstCall/ -- STMicroelectronics , a world leader in power applications, has introduced the STC03DE220HV ESBT (Emitter-Switched Bipolar Transistor) power switch, which enables engineers to improve efficiency, cost, component count and size in auxiliary switched-mode power supplies for single- and three-phase applications.
The STC03DE220HV is the first in a new family of ESBTs from ST rated for 2200V breakdown voltage, allowing designers to use a single-switch flyback topology in universal-input converters operating from 90V AC to 690V AC. ST's full range of ESBTs now allows designers to build quasi-resonant converters up to 250W, using a common hardware platform with a suitable controller such as the L6565.
Operating efficiently at 150kHz maximum switching frequency and 3A maximum rated current, the STC03DE220HV can be used in a wide range of auxiliary SMPS applications including industrial utility metering, inverter drives for induction motors, welding equipment and uninterruptible power supplies (UPS). Further advantages include an enhanced TO247-4L package, providing 8.9mm of creepage distance to exceed IEC664-1 specifications at the maximum working voltage of 2200V.
Using ESBT technology, the STC03DE220HV betters standard bipolar transistors as well as high-voltage MOSFETs by combining low on-state losses with the traditional MOSFET advantages of high switching frequency and easy gate-driver design. The STC03DE220HV achieves an equivalent on-resistance of 0.33 Ohm, from the collector to source, while also operating at up to 150kHz to enable small filter components. In addition the total die size is smaller than for a high-voltage MOSFET of similar rating*, delivering an inherent cost saving. The ESBT's square Safe Operating Area (SOA) also simplifies design and ensures rugged performance throughout a wide range of conditions.
The STC03DE220HV is in full production, and available at $3.50 in quantities over 1000 pieces.
Further information is available at http://www.st.com/esbt
About STMicroelectronics
STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2007, the Company's net revenues were $10 billion. Further information on ST can be found at http://www.st.com/.
* Theoretical "high-voltage MOSFET of similar rating", as the current typical maximum MOSFET rating is 1500V
STMicroelectronics
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