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Motorola Good Technology Group Expands Worldwide Device Support for Good(TM) Mobile MessagingGood(TM) Products Now Supported on More than 300 Device/Carrier Combinations Worldwide
SANTA CLARA, Calif., May 27 /PRNewswire-FirstCall/ -- Motorola, Inc.'s Good Technology Group today announced that it is expanding worldwide device support for Good's mobile email, application access, and over-the-air security and management solution to more than 300 device/carrier combinations. With more than 10,000 customers, Good is extending its role as a leading provider of enterprise mobile computing solutions for organizations that want a centralized solution that can be deployed across multiple devices, carriers and mobile operating systems worldwide.
"Good's ability to run on multiple devices allows us to offer our users greater device choice than other systems. And from an IT perspective, the end-user and management experience is consistent across devices, which makes support much easier," said Rob Mancini, program manager, Citywide Messaging Office of the Chief Technology Officer for the Government of the District of Columbia. "The fact that Good runs on any GSM or CDMA carrier also permits departments and agencies to select the carrier that best fits their needs."
Increased Functionality for Simplified Device Support
With today's device support update, Good has added functionality to help ensure that each supported device on an enterprise's network receives a compatible version of Good's client software. This simplifies the provisioning process for IT professionals and helps ensure that users have the best mobile experience possible by alerting them to incompatibilities between their device and a particular Good client software version. In addition Good has made available a device support portal and user forum for IT administrators to lookup supported devices.
Worldwide Device Support Program -- from the Shop Floor to the Corner Office
With the expansion of the Good Worldwide Device Support program, Good now supports smartphones from multiple manufacturers across all carriers that offer these devices worldwide. Worldwide device support is now available for the MOTO Q(TM) smartphone family, the Motorola MC35 and MC70 enterprise digital assistant (EDA) line, as well as select handhelds from Palm, HTC, and Samsung. The Good Worldwide Device Support program is in addition to Good's existing certified device support programs with carrier resellers such as AT&T, Verizon Wireless, Telstra, O2 and others.
"Enterprise mobility needs have greatly evolved over the years. It began with the need for mobile email capabilities in the executive suite. However, today, enterprises need an end-to-end mobile computing solution that provides all the functionality of the desktop experience across the entire spectrum of employees -- wherever they reside in the world and on whatever device they may be using," said Sue Forbes, senior director of marketing and product management, Motorola Good Technology Group. "Good's Worldwide Device Support program provides a consistent user and IT management experience on handhelds all the way from the shop floor to the corner office."
For more information about Good including supported devices, please go to http://www.motorola.com/good
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. The Bluetooth trademarks are owned by their proprietor and used by Motorola, Inc. under license. Microsoft, Windows, Excel and PowerPoint are registered trademarks of Microsoft Corporation in the United States and/or other countries. (C) Motorola, Inc. 2008. All rights reserved.
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Motorola, Inc.
CONTACT: Dan Rudolph of Motorola Good Technology Group, +1-408-327-6147,
drudolph@motorola.com
Web site: http://www.motorola.com/
Ceragon Expands its Reach Into IndochinaAwarded a $3.5 Million Wireless Backhaul Equipment Order for one of the Leading National Mobile Operators in the Region
TEL AVIV, Israel, May 27 /PRNewswire-FirstCall/ -- Ceragon Networks Ltd. , a leading provider of high-capacity Ethernet and TDM wireless backhaul solutions, today announced that it has received orders for its advanced FibeAir(R) solutions to be deployed by a leading mobile operator in one of Indochina's emerging markets. Valued at $3.5 million in revenue, the recent equipment orders signify Ceragon's continuing expansion into new markets and its growing footprint in the Asia-Pacific region.
According to a report from Heavy Reading Research, Asia accounted for 50% of the world's mobile base stations in 2007. The report also finds that with ongoing GSM rollout in emerging markets, Asia will grow its share of the total cell site market to 55% by 2011.
"The demand for more bandwidth, whether for voice or combined voice/data applications, shows no signs of slowing down", said Ira Palti, President and CEO of Ceragon. "Asia has some of the fastest growing national mobile markets in the world and we are extremely proud to be successful in penetrating more and more of them. Ceragon continues to take an active role in the expansion of high-capacity networks in Asia and we consider our activity in the region to be one of the main drivers behind our business success".
Ceragon FibeAir solutions for TDM networks feature upgradeable capacities ranging from 45 to 622 Mbps. These market-leading solutions enable mobile carriers to successfully meet the challenges of increased network traffic with a cost-efficient, high-capacity wireless backhaul solution. With state-of-the-art technology the common hardware platform supports multiple capacities, frequencies and configurations, making the FibeAir family ideal for a broad range of network applications, ensuring simple network expansion.
About Ceragon Networks Ltd.
Ceragon Networks Ltd. (NASDAQ and TASE: CRNT) is a leading provider of high capacity wireless backhaul solutions that enable wireless service providers to deliver voice and premium data services, such as Internet browsing, music and video applications. Ceragon's wireless backhaul solutions use microwave technology to transfer large amounts of network traffic between base stations and the infrastructure at the core of the mobile network. Ceragon designs solutions to provide fiber-like connectivity for circuit-switched, or SONET/SDH, networks, next generation Ethernet/Internet Protocol, or IP-based, networks, and hybrid networks that combine circuit-switched and IP-based networks. Ceragon's solutions support all wireless access technologies, including GSM, CDMA, EV-DO and WiMAX. These solutions address wireless service providers' need to cost-effectively build-out and scale their infrastructure to meet the increasing demands placed on their networks by growing numbers of subscribers and the increasing demand for premium data services. Ceragon also provides its solutions to businesses and public institutions that operate their own private communications networks. Ceragon's solutions are deployed by more than 150 service providers of all sizes, as well as in hundreds of private networks, in nearly 100 countries. More information is available at http://www.ceragon.com/
Ceragon Networks(R), CeraView(R), FibeAir(R) and the FibeAir(R) design mark are registered trademarks of Ceragon Networks Ltd., and Ceragon(TM), PolyView(TM), ConfigAir(TM), CeraMon(TM), EtherAir(TM), QuickAir(TM), QuickAir Partner Program(TM), QuickAir Partner Certification Program(TM), QuickAir Partner Zone(TM), EncryptAir(TM) and Microwave Fiber(TM) are trademarks of Ceragon Networks Ltd.
This press release may contain statements concerning Ceragon's future prospects that are "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and projections that involve a number of risks and uncertainties. There can be no assurance that future results will be achieved, and actual results could differ materially from forecasts and estimates. These are important factors that could cause actual results to differ materially from forecasts and estimates. These risks and uncertainties, as well as others, are discussed in greater detail in Ceragon's Annual Report on Form 20-F and Ceragon's other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made and Ceragon undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made.
Company Contact:
Yoel Knoll
Ceragon Networks Ltd.
+972-3-766-6419
yoelk@ceragon.com
Investor Contact:
Vered Shaked
Ceragon Networks Ltd.
+972-3-645-5513
ir@ceragon.com
Ceragon Networks Ltd
CONTACT: Company Contact: Yoel Knoll, Ceragon Networks Ltd.,
+972-3-766-6419, yoelk@ceragon.com. Investor Contact: Vered Shaked, Ceragon
Networks Ltd., +972-3-645-5513, ir@ceragon.com
ANADIGICS' New High-Power CATV Amplifier Facilitates Migration Towards Deep Fiber Architecture
WARREN, New Jersey, May 27 /PRNewswire/ --
- ACA2420 Combines High Output Power and Low Distortion
ANADIGICS, Inc. (Nasdaq: ANAD), today launched the ACA2420 power doubler
line amplifier, a high output power device designed to ensure optimal video
and data delivery in deep fiber HFC architectures and other cable TV
deployments that minimize the use of cascaded system amplifiers.
"Cable operators are improving the customer experience with a migration
to deep fiber node scenarios, whereby the number of subscribers on each node
is reduced, thus increasing the available bandwidth for high definition TV,
interactive gaming, and video-on-demand," reports Ron Michels, Senior Vice
President and General Manager of ANADIGICS' Broadband Business. "The ACA2420
combines high output power with low distortion to meet the stringent demands
of next generation 1GHz fiber-deep nodes and system amplifiers."
ANADIGICS' new power doubler line amplifier supports high output power
levels (+58dBmV/ch.) up to 1 GHz, providing a higher quality signal over
longer distances, compared to amplifiers with lower output power handling
capabilities. Exceptional signal integrity is assured by the ACA2420's high
crash point, which allows the device to maintain low
carrier-to-intermodulation noise (CIN), composite triple beat (CTB), and
composite second order (CSO) distortion.
Available in a 16-pin surface mount package, the ACA2420 consists of two
parallel amplifiers with low distortion and low noise figure that are
optimized for use in a balanced configuration. The device provides 21.5dB of
RF gain and a superior gain flatness of +/- 0.2dB, operating from a single
24VDC power supply.
ANADIGICS' new ACA2420 is available now at a price of US$24.28 in
quantities of 1,000 units.
For product specifics, visit: www.anadigics.com
For product pricing or sampling, visit: www.anadigics.com/worldwide_sales
or contact ANADIGICS at +1-908-668-5000 (Phone) or +1-908-668-5132 (FAX).
About ANADIGICS, Inc.
ANADIGICS, Inc. (Nasdaq: ANAD) is a leading provider of semiconductor
solutions in the rapidly growing broadband wireless and wireline
communications markets. Founded in 1985 and headquartered in Warren, NJ, the
company's award-winning products include power amplifiers, tuner integrated
circuits, active splitters, line amplifiers, and other components, which can
be sold individually or packaged as integrated radio frequency and front end
modules. For more information, visit www.anadigics.com.
Safe Harbor Statement
Except for historical information contained herein, this press release
contains projections and other forward-looking statements (as that term is
defined in the Securities Exchange Act of 1934, as amended). These
projections and forward-looking statements reflect the Company's current
views with respect to future events and financial performance and can
generally be identified as such because the context of the statement will
include words such as "believe", "anticipate", "expect", or words of similar
import. Similarly, statements that describe our future plans, objectives,
estimates or goals are forward-looking statements. No assurances can be
given, however, that these events will occur or that these projections will
be achieved and actual results and developments could differ materially from
those projected as a result of certain factors. Important factors that could
cause actual results and developments to be materially different from those
expressed or implied by such projections and forward-looking statements
include those factors detailed from time to time in our reports filed with
the Securities and Exchange Commission, including the Company's Annual Report
on Form 10-K for the year ended December 31, 2007, and those discussed
elsewhere herein.
Web site: http://www.anadigics.com
ANADIGICS, Inc.
Media: Glen Turvey, +1-973-954-2723, glent@t2publicrelations.com, or Corporate: Jennifer Palella, +1-908-668-5000, jpalella@anadigics.com, or Investors: Thomas Shields, +1-908-412-5995, tshields@anadigics.com, all of ANADIGICS, Inc.
Motorola Announces Availability of New Bandwidth Enhancing Solution at ANGA Cable 2008Motorola TX32 Decoupled Downstream Module delivers five-fold increase in downstream CMTS capacity to accelerate the delivery of personal media experiences
COLOGNE, Germany, May 27 /PRNewswire-FirstCall/ -- ANGA Cable 2008 -- Motorola, Inc. announced the commercial availability of the TX32 Decoupled Downstream Module aimed at cable operators looking to offer ultra-broadband triple-play services at greater speeds and lower overall costs. The solution enables cable operators to deliver significantly increased bandwidth to new DOCSIS/EuroDOCSIS 3.0(R) cable modems such as Motorola's SURFboard(R) SB6120 and SBV6220, while preserving operator investment in legacy DOCSIS/EuroDOCSIS 1.x and 2.0 cable modems. The Motorola TX32 will be demonstrated live for the first time in Europe at ANGA Cable 2008.
By deploying new ultra-broadband service tiers capable of lightning-fast downloads, cable operators can now meet consumer's rapidly growing demand to view more and more content online and support their move to Web 2.0 levels of online social interactivity. Motorola's BSR 64000 CMTS/Edge Router and SURFboard cable modems are being used in successful end-to-end channel bonding deployments worldwide. With the addition of the TX32 to the portfolio, these channel bonded networks can seamlessly evolve to integrated CMTS (I-CMTS) environments with a simple software upgrade and the installation of a TX32 Decoupled Downstream Module.
"As a world leader in ultra-broadband solutions and DOCSIS 3.0 deployments, we are committed to providing cable operators with innovative and highly cost effective solutions," said Dr. George Simmons, corporate vice president and general manager, Access Network Solutions, Home & Networks Mobility, Motorola. "The Motorola TX32 solution allows cable operators to deploy channel bonding services today with only minor adjustments to their network at the headend. This represents a giant leap forward in the race for cost-effective, higher-capacity broadband solutions to deliver enhanced personal media experiences."
The TX32 is the industry's highest-density, integrated downstream solution. Each module supports 32 QAM channels in a single slot within the Motorola BSR 64000, CMTS/EDGE router. The TX32 solution requires one slot in the BSR 64000, whereas competitive alternatives require two slots to provide the same downstream density. As an integrated solution, full redundancy can be maintained which is valuable for operators who are looking to leverage DOCSIS/EuroDOCSIS 3.0 to increase the content delivered to their customers and to tap into the enterprise market.
The Motorola TX32 will increase the downstream capacity of deployed BSR 64000s by more than 500% and dramatically reduce the cost per downstream QAM. The TX32 also incorporates IPv6 and Advanced Encryption Services (AES).
Channel bonding is driving the initial move to DOCSIS 3.0 in Europe and the TX32 enables cable operators to efficiently deliver accelerated personal media experiences, including fast Internet services, in a highly competitive broadband market. This is testament to Motorola's global video leadership position and ability to support broadband everywhere, including certified and qualified DOCSIS 3.0 solutions.
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
MOTOROLA, the Stylized M Logo and SURFBoard are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. (C) Motorola, Inc. 2008. All rights reserved.
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Motorola, Inc.
CONTACT: Gemma Priscott, Motorola Home & Networks Mobility,
+44-7970-882-994, gemma.priscott@motorola.com
Web site: http://www.motorola.com/
Motorola Goes Big With Smallworld Media; Deploys Channel Bonding Solution for Enhanced Broadband Services
COLOGNE, Germany, May 27 /PRNewswire-FirstCall/ -- ANGA Cable 2008 -- Motorola, Inc. today announced that Smallworld Media, the second largest cable operator in the UK, has selected its EuroDOCSIS(R) 3.0-based Cable Modem Termination System (CMTS) for deployment in Scotland. This deployment will allow Smallworld Media to accelerate the delivery of personal media experiences that include a growing number of video and Web 2.0-related applications. The announcement reaffirms Motorola's global video leadership position and its ability to deliver broadband everywhere -- including via next-generation DOCSIS 3.0-based channel bonded solutions.
Smallworld Media will deploy Motorola's proven BSR 64000 CMTS/Edge Router, enabling the operator to offer tiered internet services with throughput speeds of up to 200 megabits per second. Deploying EuroDOCSIS 3.0-based channel bonding solutions allows Smallworld Media to deliver new revenue generating enhanced Internet services while maintaining uninterrupted support of existing operations and currently deployed EuroDOCSIS 1.x and 2.0 cable modems.
"Motorola's EuroDOCSIS 3.0-based solution provides a true next-generation broadband platform and allows us to substantially grow our service portfolio while protecting existing investments in currently deployed EuroDOCSIS solutions," said David Durnford, chief executive of Smallworld Media. "Motorola's strong foundation in video and data networking, coupled with the success of our existing six-year relationship, ensure that the investment we're making today will lead the way to highly competitive broadband services for our customers."
"The growing demand for personalized media experiences, driven by Internet-based content delivery and Web 2.0 applications, is accelerating operators' consideration of new ultra high-speed broadband service offerings," said Joe Cozzolino, corporate vice president and general manager, Motorola Home & Networks Mobility EMEA. "With its deployment of EuroDOCSIS 3.0 solutions, Smallworld Media joins a select group of cable operators worldwide who are now able to deliver consumers lightning fast broadband services in excess of 200 megabits per second".
Motorola's EuroDOCSIS 3.0-based CMTS channel bonding solution is designed to help operators remain competitive and increase market share while establishing long-term subscriber relationships. Channel bonding technology provides cable operators with an economic option to deliver up to 200Mbps of broadband throughput across four downstream channels to residential or business subscribers.
The Motorola CMTS selected by Smallworld Media can be upgraded to a full EuroDOCSIS 3.0-based platform with a simple software install, and is compatible with the Motorola TX32 decoupled downstream module for increased cost efficiencies. The TX32 is the industry's highest density internal downstream module, and dramatically decreases operators' cost per downstream channels.
About Smallworld Media
Smallworld Media is the UK's second largest cable operator, providing digital TV, broadband and telephony to residential and business customers in Scotland and North-West England via the UK's newest, all digital, cable network. Over the next few years Smallworld Media plans to expand across its region via investment in its own network and through extensive unbundling of the BT local loop, coupled with a commitment to deploying a new IPTV solution.
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
MOTOROLA and the stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. (C) Motorola, Inc. 2008. All rights reserved.
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PRN Photo Desk, photodesk@prnewswire.com
Motorola, Inc.
CONTACT: Gemma Priscott of Motorola Home & Networks Mobility,
+44 (0) 7970 882994, gemma.priscott@motorola.com
Web site: http://www.motorola.com/
Le nouvel amplificateur CATV de grande puissance d'ANADIGICS facilite la migration vers l'architecture à fibres élevées
WARREN, New Jersey, May 27 /PRNewswire/ --
- L'ACA2420 combine puissance de sortie de haut niveau et faible
distorsion
ANADIGICS, Inc. (Nasdaq : ANAD) a lancé aujourd'hui l'amplificateur de
ligne doubleur de puissance ACA2420, un appareil doté d'une puissance de
sortie de haut niveau et conçu pour assurer une livraison optimale de données
et de contenu vidéo dans des architectures HFC (fibre coaxiale hybride) à
fibres élevées et d'autres déploiements de télédistribution qui minimisent
l'utilisation d'amplificateurs de systèmes en cascade.
<< Les câblo-opérateurs améliorent l'expérience de la clientèle grâce à
une migration vers les scénarios de noeuds à fibres élevées, au moyen de
laquelle le nombre d'abonnés sur chaque noeud est en diminution, ce qui
accroît la bande passante disponible pour la télévision à haute définition,
les jeux interactifs et la vidéo-sur-demande >>, a affirmé Ron Michels,
premier vice-président et directeur général de la division bande large
d'ANADIGICS. << L'ACA2420 combine puissance de sortie de haut niveau ainsi
que faible distorsion pour satisfaire les exigences rigoureuses de la
prochaine génération d'amplificateurs de systèmes et de noeuds à fibres
élevées de 1 GHz. >>
Le nouvel l'amplificateur de ligne doubleur de puissance d'ANADIGICS
soutient des puissances de sortie de haut niveau (+58dBmV/canal) pouvant
atteindre 1 GHz, fournissant ainsi un signal de qualité supérieure sur des
distances plus importantes comparativement aux amplificateurs dotés de
capacités de traitement de puissance de sortie de haut niveau. L'intégrité
exceptionnelle du signal est assurée par le point d'effondrement élevé de
l'ACA2420, qui permet à l'appareil de maintenir le faible bruit
d'intermodulation à porteuse (CIN), le battement du troisième ordre (CTB), et
le bruit composite de deuxième ordre (CSO).
Disponible dans un paquet de montage en surface de 16 axes, l'ACA2420
consiste en deux amplificateurs parallèles dotés d'une faible distorsion et
de modules à faible bruit qui sont optimisés pour une utilisation dans une
configuration équilibrée. L'appareil offre 21,5 dB de gain RF ainsi qu'une
courbe de gain supérieure de +/- 0,2 dB, et est exploité à partir d'une seule
alimentation électrique de 24 volts en courant continu.
Le nouvel appareil ACA2420 d'ANADIGICS est maintenant disponible au prix
de 24,28 USD en quantités de 1 000 unités.
Pour obtenir tous les détails sur ce produit, veuillez consulter le
www.anadigics.com
Pour obtenir la grille de tarification ou un échantillon des produits,
veuillez visiter le www.anadigics.com/worldwide_sales ou contacter ANADIGICS
au +1-908-668-5000 (Téléphone) ou au +1-908-668-5132 (Fax).
À propos d'ANADIGICS, Inc.
ANADIGICS, Inc. (Nasdaq : ANAD) est un important fournisseur de solutions
de semi-conducteurs sur les marchés en croissance rapide des communications
sans fil à large bande et des télécommunications. Fondée en 1985 et ayant son
siège social à Warren, dans le New Jersey, la société compte une multitude de
produits primés dont des amplificateurs de puissance, des circuits d'accord
intégrés, des coupleurs actifs, des amplificateurs de ligne et d'autres
composants qui peuvent être vendus séparément ou conjointement dans des
modules de fréquence radio et des modules frontaux. Pour obtenir de plus
amples renseignements, veuillez consulter le www.anadigics.com.
Déclaration de règle refuge
À l'exception des faits historiques, le présent communiqué de presse
contient des prévisions et d'autres énoncés prospectifs (tel que défini par
la Securities Exchange Act de 1934, dans sa version modifiée). Ces prévisions
et énoncés prospectifs reflètent les perspectives actuelles de la société en
ce qui concerne les événements futurs et le rendement financier, et peuvent
habituellement être identifiés puisqu'ils contiendront des mots comme
<< croire >>, << anticiper >>, << s'attendre à >>, ou tout autre terme de
nature similaire. De la même façon, les énoncés décrivant nos futurs plans,
objectifs, estimations ou buts sont des énoncés prospectifs. Cependant, nous
ne pouvons garantir que ces événements auront lieu ou que ces prévisions se
réaliseront. Par conséquent, en vertu de certains facteurs, les résultats et
développements réels pourraient varier considérablement de ceux projetés. Les
facteurs importants qui pourraient entraîner un écart considérable entre les
résultats et développements réels et ceux exprimés ou sous-entendus par de
tels projections et énoncés prospectifs comprennent les facteurs décrits à
l'occasion dans nos rapports déposés auprès de la Securities and Exchange
Commission, y compris le rapport annuel de la société sur formulaire 10-K
pour l'année close le 31 décembre 2007 et les documents dont il est mention
aux présentes.
Site Web : http://www.anadigics.com
ANADIGICS, Inc.
Glen Turvey, +1-973-954-2723, glent@t2publicrelations.com, ou Entreprise : Jennifer Palella, +1-908-668-5000, jpalella@anadigics.com, ou Investisseurs : Thomas Shields, +1-908-412-5995, tshields@anadigics.com, tous d'ANADIGICS, Inc.
STMicroelectronics Strengthens Position in Wireless Segment
GENEVA, May 27 /PRNewswire-FirstCall/ -- STMicroelectronics today announced the intention of ST and EMP (Ericsson Mobile Platforms) to, within the existing partnership, also develop an analog baseband for a future high-volume EMP platform.
Building upon the successful joint development and start of volume production of 3G and 3.5G digital baseband processors for Ericsson Mobile Platforms' licensees, the two companies are now extending their efforts into the area of analog baseband.
The new joint efforts aim to deliver to EMP licensees an analog baseband with high performance and quality with lower power consumption and greater cost efficiency, building on a leading combination of system and silicon expertise.
"ST is already one of our strategic partners in digital basebands and connectivity devices and we have now also decided to make the first analog baseband together," said Robert Puskaric, head of Ericsson's mobile platforms' business. "As the wireless platform leader, we need access to best-in-class chipset solutions, in order to further strengthen and differentiate our product offer."
"We are excited by Ericsson's decision to also develop analog baseband with ST," said Monica de Virgiliis, Group Vice President and General Manager of ST's Wireless Multimedia Division. "This is a strong endorsement of our product and IP portfolio leadership, which puts ST in a unique position to serve the wireless market."
About Ericsson
Ericsson is the world's leading provider of technology and services to telecom operators. The market leader in 2G and 3G mobile technologies, Ericsson supplies communications services and manages networks that serve more than 195 million subscribers. The company's portfolio comprises mobile and fixed network infrastructure, and broadband and multimedia solutions for operators, enterprises and developers. The Sony Ericsson joint venture provides consumers with feature-rich personal mobile devices.
Ericsson is advancing its vision of 'communication for all' through innovation, technology, and sustainable business solutions. Working in 175 countries, more than 70,000 employees generated revenue of USD 27.9 billion (SEK 188 billion) in 2007. Founded in 1876 and headquartered in Stockholm, Sweden, Ericsson is listed on the Stockholm and NASDAQ stock exchanges.
For more information, visit http://www.ericsson.com/ or http://www.ericsson.mobi/.
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/.
STMicroelectronics
CONTACT: Michael Markowitz of STMicroelectronics, +1-212-821-8959,
michael.markowitz@st.com
Web site: http://www.st.com/
http://www.ericsson.com/
http://www.ericsson.mobi/
CGGVeritas Sercel Acquires MetrologAcquisition Expands Downhole Technology and Expertise
PARIS, May 27 /PRNewswire-FirstCall/ -- CGGVeritas (ISIN: 0000120164 - NYSE: CGV) announced today that its manufacturing subsidiary Sercel acquired Metrolog a privately held company. Headquartered in Toulouse France and established in 1987, Metrolog is a leading provider of high pressure, high temperature gauges and other downhole instruments to the oil and gas industry. 2007 revenue for the company was $11 million. The acquisition is expected to be accretive to Sercel and to CGGVeritas earnings per share (EPS) in 2008.
"We are very pleased to continue to expand and strengthen our footprint in downhole measurements with the expertise and technology of Metrolog," said Pascal Rouiller President and CEO of Sercel. "Metrolog developed a unique expertise over the past 20 years, through continuous R&D, for high quality, versatile and reliable downhole instrumentation for challenging well conditions. The global organization and strong reputation of Sercel will accelerate the expansion of Metrolog technology and we look forward to bringing these state-of-the-art downhole tools to a broader set of customers."
About CGGVeritas
CGGVeritas (http://www.cggveritas.com/) is a leading international pure-play geophysical company delivering a wide range of technologies, services and equipment through Sercel, to its broad base of customers mainly throughout the global oil and gas industry. CGGVeritas is listed on the Euronext Paris (ISIN: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares, NYSE: CGV).
The information included herein contains certain forward-looking statements within the meaning of Section 27A of the securities act of 1933 and section 21E of the Securities Exchange Act of 1934. These forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties as disclosed by the Company from time to time in its filings with the Securities and Exchange Commission. Actual results may vary materially.
Investor Relations Contacts:
Paris:
Christophe Barnini,
Tel: +33-1-64-47-38-10,
E-Mail: invrelparis@cggveritas.com;
Houston:
Hovey Cox,
Tel: +1-832-351-8821,
E-Mail: invrelhouston@cggveritas.com
CGGVeritas
CONTACT: Investor Relations Contacts: Paris: Christophe Barnini, Tel:
+33-1-64-47-38-10, E-Mail: invrelparis@cggveritas.com ; Houston: Hovey Cox,
Tel: +1-832-351-8821, E-Mail: invrelhouston@cggveritas.com
Formula Systems Reports First Quarter Results
HERZLIYA, Israel, May 27 /PRNewswire-FirstCall/ -- Formula Systems (1985) Ltd. a leading provider of information technology products, solutions and services, announced today results for the first quarter of 2008.
Revenues for the first quarter totaled $135.8 million an increase of 20% compared to $113.5 million in the first quarter of 2007.
Operating income in the first quarter of 2007 was $6.5 million compared to $6.2 million in the same quarter of 2007.
Net income generated from continuing operation in the first quarter of 2008 was $3.0 million compared to net income generated from continuing operation of $2.3 million in the first quarter of 2007.
Our cash and short time investments totaled approximately $207 million as of March 31, 2008. and our current ratio was 2.5.
In April 2008, Formula distributed a cash dividend of approximately $10 million, or $0.76 per share.
Guy Bernstein, CEO of Formula, commented: "I am pleased with the constant growth of the Group activity especially in light of the turbulent times. Our first quarter revenues represents well over $500 million for the whole year. Well equipped with the necessary resources, we will continue to explore acquisitions outside the Group while focusing on increasing internal synergies, cross selling and joint ventures within the group."
About Formula
Formula Systems Ltd. is a global information technology company principally engaged, through its subsidiaries and affiliates, in providing software consulting services, developing proprietary software products and providing computer-based business solutions.
Statements made in this press release that are not historical facts are forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks and uncertainties include, but are not limited to: market demand for the company's products, dependence on strategic partners, integration of new business, successful implementation of Formula's products, economic and competitive factors, international market conditions, management of growth, technological developments, the ability to finance operations and other factors which are detailed in Formula's Securities and Exchange Commission filings, including its most recent report on Form 20-F. Formula undertakes no obligation to publicly release any revision to any forward-looking statement.
CONSOLIDATED BALANCE SHEETS
March 31, December 31,
2008 2007
U.S. $
(in thousands)
CURRENT ASSETS:
Cash and cash equivalents 161,166 161,504
Short-term investments 45,467 38,731
Marketable securities available for sale 962 1,545
Trade receivables 141,023 139,676
Other accounts receivable 23,191 33,222
Assets attributed to discontinued operations 35 41
Inventories 3,503 3,157
375,347 377,876
LONG-TERM INVESTMENTS & DEPOSITES , LOANS AND RECEIVABLES:
Loans and other investments 14,990 14,377
Investments in affiliates 3,656 3,682
18,646 18,059
SEVERANCE PAY FUND 38,435 36,851
FIXED ASSETS, NET 16,420 15,794
OTHER ASSETS, NET 172,845 162,653
621,693 611,233
CURRENT LIABILITIES:
Liabilities to banks and others 16,825 26,481
Trade payables 52,717 56,172
Other accounts payable 76,381 72,521
Debentures 4,102 3,725
Liabilities attributed to discontinued
operations 465 503
150,490 159,402
LONG-TERM LIABILITIES:
Debentures 76,172 71,679
Unrealized Gain 92 85
Deferred taxes 3,623 3,276
Customer advances 1,990 2,181
Liabilities to banks and others 24,179 23,684
Liability in respect of the acquisition of
activities 1,299 1,374
Accrued severance
pay 46,334 43,249
153,689 145,528
MINORITY INTEREST 109,033 107,915
SHAREHOLDERS' EQUITY 208,481 198,388
621,693 611,233
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME
Three months ended
March 31,
2008 2007
U.S.$
(in thousands,
except per share
data)
Revenues 135,785 113,550
Cost of revenues 101,749 84,738
Gross profit 34,036 28,812
Research and development costs, net 1,434 1,211
Selling, general and administrative expenses 25,191 20,432
Depreciation and amortization 921 839
Restructuring and non-recurring costs - 129
Operating income 6,490 6,201
Financial income (expenses), net 25 (551)
6,515 5,650
Gain (loss)on realization of investments (274) 99
Other expenses, net (44) (257)
Income before taxes on income 6,197 5,492
Taxes on income 471 708
5,726 4,784
Equity in losses of affiliated companies, net (275) (151)
Minority interest in profits, net 2,406 2,351
Income from continuing operation 3,045 2,282
Income from discontinued operations - 682
Net income 3,045 2,964
Earnings per share generated from continued operation :
Basic 0.23 0.19
Diluted 0.23 0.19
Earnings per share generated from discontinuing operation :
Basic - 0.03
Diluted - 0.03
Weighted average number of shares outstanding:
Basic 13,200 13,200
Diluted 13,200 13,200
Formula Systems Ltd.
CONTACT: Contact: Israel: Naamit Salomon, CFO, Formula Systems Ltd.
+972-9-959-8800
OmniVision Turns Digital Imaging World Upside DownBackside Illumination Technology Improves Image Quality, Enables Design Shrinks Down to 0.9 Micron Pixels
SUNNYVALE, Calif., May 27 /PRNewswire-FirstCall/ -- OmniVision Technologies, Inc. , the world's largest supplier of CMOS image sensors, today launched its OmniBSITM architecture, a novel sensor design that adopts a radically different approach to traditional CMOS image sensor technology. Using backside illumination (BSI), OmniBSI enables OmniVision to continue offering improved image quality while extending its pixel roadmap down to 0.9 micron pixels, which is the key to continued miniaturization of digital imaging technology. OmniVision developed OmniBSI architecture with the support of its long-time foundry and process technology partner, Taiwan Semiconductor Manufacturing Corporation (TSMC).
BSI methodology involves turning the CameraChip(TM) sensor upside down so that it collects light through what was previously the backside of the sensor, the silicon substrate. This approach differs from conventional front side illumination (FSI) image sensors, where the amount of light reaching the photo-sensitive area is limited, in part, by the multiple metal and dielectric layers required to enable the sensor to convert photons into electrons. The FSI approach can block or deflect light from reaching the pixel, ultimately reducing the fill factor and causing additional problems, such as cross talk, between pixels. BSI reverses the arrangement of layers so that the metal and dielectric layers reside below the sensor array, providing the most direct path for light to travel into the pixel. This novel approach optimizes light absorption, enabling OmniVision to build a 1.4 micron BSI pixel that surpasses all the performance metrics of 1.4 micron, and even most 1.75 micron, FSI pixels.
OmniBSI architecture delivers a number of performance improvements over FSI, including increased sensitivity per unit area, improved quantum efficiency and reduced cross talk and photo response non-uniformity, which all lead to significant improvements in image quality. Since light directly strikes the silicon, the fill factor of the image sensor is significantly improved so as to deliver best-in-class low-light sensitivity. A much higher chief ray angle enables shorter lens heights which in turn allows for thinner camera modules, which are ideal for use in the next generation of ultra-thin mobile phones. Finally, BSI technology affords a much larger aperture size, which allows for lower f stops facilitating the development of better performing camera modules with superior camera performance.
"Moving FSI pixel architectures down to 1.4 micron and below, under current design rules, poses some real challenges because metal lines and transistors are driving the aperture of the pixel close to the wavelength of light, its physical limit," said Howard Rhodes, Vice President of Process Engineering at OmniVision. "To overcome this with traditional FSI pixel technology would require a migration to 65 nm copper process technologies, which would significantly increase the complexity and cost of manufacturing. Because it allows for more than three layers of metal, BSI achieves significant manufacturing benefits without moving to smaller process nodes. This means routing can be simplified and die sizes can be smaller than in FSI sensors, without the need to move to smaller process nodes with all their associated complexities and additional costs."
"Although backside illumination concepts have been studied for over 20 years, up until now nobody has been able to successfully develop the process for commercial, high volume CMOS sensor manufacturing," said Dr. Ken Chen, Senior Director, Mainstream Technology Marketing, TSMC. "Combining OmniVision's imaging expertise with TSMC's experience in process development, we have delivered a truly advanced technology that defines the future of digital imaging."
"BSI allows OmniVision to further extend its competitive edge in digital imaging technology, while continuing the use of our production-proven, 0.11 micron process technology. This provides major cost and performance advantages for OmniVision and, ultimately, our customers," concluded Rhodes.
OmniVision is currently demonstrating an 8 MegaPixel, OmniBSI CameraChip sensor, and expects to start sampling first products before the end of June.
About OmniVision(R)
OmniVision Technologies designs and markets high-performance semiconductor image sensors. Its CamerChip(TM) products using OmniPixel(R), OmniPixel2(TM), OmniPixel3(TM), OmniPixel3-HS(TM) and OmniBSI(TM) technologies are highly integrated single-chip CMOS image sensors for mass-market consumer and commercial applications such as mobile phones, digital still cameras, security and surveillance systems, interactive video games, laptops and PCs and automotive and medical imaging systems. Additional information is available at http://www.ovt.com/.
Safe-Harbor Language
Certain statements in this press release, including statements regarding the performance achievements and capabilities of BSI, the advantages that BSI provides to OmniVision and its customers, the effect of BSI on future digital imaging and the timing of the release of BSI products, are forward-looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward-looking statements and OmniVision's results to differ materially, include, without limitation: potential errors, design flaws or other problems with BSI; risks associated with developing future architecture and products incorporating BSI; the rapid changes in technical requirements for camera phone products; competitive risks; as well as other risks detailed from time to time in OmniVision's Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision's most recent annual report filed on Form 10-K. OmniVision expressly disclaims any obligation to update information contained in any forward-looking statement whether as a result of new information, future events or otherwise.
OmniVision(R), the OmniVision logo and OmniPixel(R) are registered trademarks of OmniVision Technologies, Inc. CameraChip(TM), OmniPixel2(TM), OmniPixel3(TM), OmniPixel3-HS(TM) and OmniBSI(TM) are trademarks of OmniVision Technologies, Inc.
OmniVision Technologies, Inc.
CONTACT: Scott Foster, +1-408-542-3077, sfoster@ovt.com, or investors,
Steven Horwitz, +1-408-542-3263, both of OmniVision Technologies, Inc.; or
media, Martijn Pierik of Impress Public Relations, Inc., +1-602-366-5599,
martijn@impress-pr.com, for OmniVision Technologies, Inc.
Web site: http://www.ovt.com/
Expedia and Barcelo Hotels & Resorts Sign Global Partnership AgreementFamily-owned Spanish hotel group supports growth by partnering with online travel's global leader
BELLEVUE, Wash., and PALMA, Mallorca, May 27 /PRNewswire-FirstCall/ -- Expedia, Inc. , the world's leading online travel company, today announced it has signed a long term, strategic global supply agreement with Barcelo Hotels & Resorts, a fast-growing company and among the 28 top hotel chains in Europe. The agreement provides that all Barcelo properties will be available for booking on Expedia(R)- and hotels.com(R)-branded sites worldwide. The deal marks Barcelo's first with Expedia and will support the hotel group's notable growth, including its recent expansion into countries such as Germany, United Kingdom, and Mexico, among others.
"We are partnering with Expedia at a time when Barcelo is focused on growing our business, opening in new destinations and targeting travelers throughout the world," said Sarah Despradel, director distribution and revenue, Barcelo. "Expedia's global footprint and online marketing expertise give us the ability to reach new markets and meet our growth targets."
"We are excited to be working with a respected and growing hotel group like Barcelo to implement innovative online marketing and distribution strategies that meet its business objectives," said Alex Gisbert, regional director, international strategic accounts, Expedia. "Expedia and Barcelo will work together closely to help Barcelo showcase its hotel properties to travellers all over the world."
Under the agreement, Barcelo will benefit from Expedia's online marketing and travel distribution expertise, dynamic rate management, and targeted merchandising opportunities to reach travelers throughout Europe, Asia and North America. In turn, travelers can book accommodations in all Barcelo Group hotel divisions which are Barcelo Hotels & Resorts EMEA, Latin America and in the USA Crestline Hotels & Resorts -- on Expedia- and hotels.com-branded websites worldwide.
Barcelo has 167 hotels and resorts in 15 countries, which will connect to Expedia's global online travel marketplace through Expedia QuickConnect(TM), which addresses the needs of independent and small-to-medium sized hotel chains by enabling the exchange of rates, availability and booking information through a direct connection with Expedia.
About Expedia, Inc.
Expedia, Inc. is the world's leading online travel company, empowering business and leisure travellers with the tools and information they need to easily research, plan, book and experience travel. Expedia, Inc. also provides wholesale travel to offline retail travel agents and in-destination concierge service and activity desks for travellers. The Expedia, Inc. portfolio of brands includes: Expedia.com(R), hotels.com(R), Hotwire(R), Expedia(R) Corporate Travel, TripAdvisor(R), Expedia Local Expert(TM), Classic Vacations(R) and eLong(TM). Expedia, Inc.'s companies operate more than 50 global points of sale with sites in North America, South America, Latin America, Europe, Middle East, Africa and Asia Pacific. Expedia, Inc. is a component of the S&P 500 index. For more information, visit http://www.expediainc.com/ .
About Expedia(R) Partner Services Group
Expedia(R) Partner Services Group (PSG) is the central point of contact for travel suppliers to access the global Expedia marketplace of leading travel brands comprising more than 50 points of sale worldwide. With hundreds of employees in local markets throughout the world, Expedia(R) PSG makes it easy for suppliers to meet their global distribution objectives, and delivers a portfolio of innovative connectivity solutions, rate and inventory management tools, business intelligence reports, and online marketing expertise.
About Barcelo Hotels & Resorts
Barcelo Hotels & Resorts is the hotel division of Barcelo Corporacion Empresarial, the Spanish hotel and travel group wholly owned by the Barcelo family. Barcelo Hotels & Resorts manages 167 hotels, covering the leisure and urban and business markets. Special care was taken throughout recent years with Barcelo's urban hotel developments as well as the congress and convention activities, hotels with spa, golf hotels and unique hotels. European and US cities remain the major strategic objectives within Barcelo's future development plans, as it can be seen in recent deals such as the acquisition of the US hotel management company Crestline Capital (today Barcelo Crestline), or the agreement through which Barcelo Hotels now manages 20 properties throughout England, Scotland and Wales.
Expedia and Expedia QuickConnect are either registered trademarks or trademarks of Expedia, Inc. in the U.S. and/or other countries. Hotels.com is either a registered trademark or trademark of Hotels.com, LP, a subsidiary of Hotels.com in the U.S. and/or other countries. Other logos or product and company names mentioned herein may be the property of their respective owners.
(C) 2008 Expedia, Inc. All rights reserved. CST: 2029030-40
Expedia, Inc.
CONTACT: Katie Deines of Expedia, +1-425-679-4317, press@expedia.com
Web site: http://www.expedia.com/
Motorola Powers TETRA with Innovative Fuel Cell Technology at TETRA World Congress 2008
HONG KONG, May 26 /PRNewswire-FirstCall/ -- TETRA WORLD CONGRESS -- Motorola, Inc. today announced that it is showing a Dimetra IP TETRA base station with a fuel cell at the TETRA World Congress in Hong Kong. The fuel cell incorporates a reformer so that the base station can run using a water/methanol mix. This would overcome any supply issues associated with hydrogen and makes the fuel cell a viable solution in many more locations and in developing areas of the world. This solution was also shown at the Mobile World Congress in Barcelona, Spain in February 2008, through a fuel cell powered cellular phone.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO
http://www.newscom.com/cgi-bin/prnh/20020415/MOTNOTAGLOGO )
In mission-critical or emergency operations, TETRA base stations must run continuously to provide secure communications even in times of power outages. Batteries or conventional generator solutions have to be provided as a backup for mains power at critical locations or if the mains power has regular outages. Generators have a number of disadvantages, including carbon emissions and noise. Fuel cell technology is advancing and now offers significant advantages that match the needs for TETRA base stations in challenging locations.
Motorola has investigated hydrogen powered fuel cell technology for TETRA, and in areas where hydrogen is readily available, it offers a viable alternative to diesel powered generators. Motorola is already actively planning the roll-out of hydrogen powered fuel cells in critical locations in a nationwide network in Northern Europe. Hydrogen fuel cells are now well proven in critical power back-up situations and can run for extended periods limited only by the capacity of the hydrogen, and the only emission is water.
Fuel cell technology is shrinking and Motorola is actively working with partners to investigate the feasibility of fuel cells in all types of mobile communications including mission critical radios. In many mission critical operations, there is a need for long periods of use without the ability to recharge the unit. Fuel cells offer the promise of extended periods of use without the need to return to base to recharge. Fuel cells can also be used to charge TETRA radios in remote locations, for example where TETRA is being used in an emergency and no power is available. Small fuel cells using liquid fuels are being evaluated as a means of charging several radios at one time in a compact desktop unit. Further announcements will be made during 2008 on the application of this technology in mission critical applications.
As TETRA service extends to more and more areas, the need for cost effective, reliable, and environmental-friendly back-up power becomes more significant. Motorola has already recognized this trend in cellular communications and has a wind and solar power solution available. This builds on the successful trial in Namibia of a wind and solar powered GSM base station. The wind and solar power solution can be used with remote TETRA sites, recognizing that there is a need to design the complete power system for continuous service during periods of unusual weather conditions. Fuel cell technology would complement wind and solar power to provide very high levels of availability in all seasons and extremes of climate.
"Motorola understands that public safety professionals require communications solutions that are easy-to-use, perform in ultra-rugged environments where power may be an issue, are ergonomically designed for public safety, and deliver real-time information seamlessly across multiple agencies," said Phey Teck Moh, vice president, Motorola Government & Public Safety, Asia Pacific. "Motorola's MOTOA4(TM) solutions are built around public safety requirements and a fundamental need for technology that is 'second nature,' enabling responders to focus on the mission and not the technology."
For more information, visit the Motorola booth at TETRA World Congress (Booth W) where it will showcase Technology That's Second Nature(TM) through its MOTOA4(TM) portfolio of mission critical solutions.
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/ .
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO
http://www.newscom.com/cgi-bin/prnh/20020415/MOTNOTAGLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Motorola
CONTACT: Lynn Chan of Motorola Asia Pacific, +65-9737-5006,
lynn.chan@motorola.com; or Walter Lee of Fleishman-Hillard Hong Kong,
+852-2111-3574, walter.lee@fleishman.com, for Motorola
Web site: http://www.motorola.com/
March Networks Announces Share Repurchase ProgramTSX Approves March Networks' Normal Course Issuer Bid
OTTAWA, May 26 /PRNewswire-FirstCall/ -- March Networks(TM) (TSX:MN; AIM:MNW), a leading provider of innovative video and data applications, announced today that the Toronto Stock Exchange (TSX) has accepted the Company's notice of intention to make a normal course issuer bid. The March Networks' Board of Directors has approved March Networks' purchase of up to 1,000,000 common shares (representing approximately 7.24% of March Networks' public float). The normal course issuer bid will commence on May 29, 2008 and will terminate on May 28, 2009 or on such earlier date as March Networks has purchased the maximum number of shares permitted under the bid. As of May 23, 2008, March Networks had 18,177,340 common shares outstanding and its public float was 13,818,167 common shares.
March Networks expects to use cash and short term investments to fund the repurchase of shares. Purchases under the bid will be made on the open market by March Networks through the facilities of the TSX at the prevailing market price at the time of the transaction. Purchases under the bid may be made at any time during the twelve month period subject to the rules and regulations of the TSX. All shares acquired by March Networks under the bid will be cancelled. March Networks has not previously entered into a normal course issuer bid. The average daily trading volume of the common shares of March Network for the six months ended April 30, 2008 was 47,478 common shares. In accordance with the rules of the TSX, the maximum number of common shares that can be purchased on a daily basis by the Company is 11,869 common shares, subject to the block purchase exception.
Management and the Board of Directors of March Networks believe that the market price of March Networks' common shares during the proposed purchase period of the bid may be such that the purchase of common shares by the Company would be an appropriate use of available funds of the Company and that the purchase of up to 1,000,000 common shares under the bid would, therefore, be in the best interests of the Company.
"In addition to our on-going strategic plans for investments in mergers and acquisitions and in research and development to build organic growth, we are of the view that a share repurchase program at this time will be an effective use of the Company's financial resources," said Peter Strom, President and Chief Executive Officer of March Networks.
About March Networks
March Networks(TM) (TSX:MN; AIM:MNW) is a leading provider of intelligent IP video and business analysis applications that enable organizations to reduce losses, mitigate risks and improve security and operational efficiency. The Company's advanced software suite includes enterprise-class video management, powerful analytics and comprehensive managed and professional services. Our software and systems are used by leading financial institutions, retailers, transportation authorities and other organizations in more than 50 countries. For more information, please visit http://www.marchnetworks.com/.
Forward Looking Information
March Networks cautions that forward-looking information in this release is based on certain assumptions and expectations made by March Networks that may prove to be inaccurate. Assumptions made include anticipated market trading prices, customer demand for March Networks products and services, March Networks' ability to maintain and enhance existing customer relationships, as well as March Networks' ability to bring to market products currently under development.
Furthermore, March Networks cautions that forward-looking statements in this release are based on current assumptions and expectations that are subject to risks and uncertainties. Actual results may differ due to factors such as market risks and trading prices, global economic and geopolitical factors, customer demand, customer relationships, new product development, new services offerings, product shipping schedules, product mix, competitive products and services, pricing pressure, and changes in March Networks' markets specifically. The Company assumes no obligation to update or revise any forward-looking statements. Additional information identifying risks and uncertainties is contained in the Company's filings with the various provincial securities commissions which are available online at http://www.sedar.com/.
MARCH NETWORKS CORPORATION
CONTACT: Peter Wilenius, Vice President, Corporate Development, March
Networks Corporation, (613) 591-8181, pwilenius@marchnetworks.com
March Networks Announces Preliminary Fourth Quarter and Fiscal 2008 Results and 2009 Outlook
OTTAWA, May 26 /PRNewswire-FirstCall/ -- March Networks(TM) (TSX:MN; AIM:MNW), a leading provider of innovative video and data applications used for security surveillance, monitoring, analysis and business optimization, today announced preliminary financial results for the fourth quarter and fiscal year ended April 30, 2008. All figures in Canadian dollars and in accordance with Canadian GAAP unless otherwise specified.
The Company expects to record fourth quarter fiscal 2008 revenue of approximately $21 million which results in expected annual revenue of approximately $94 million for fiscal 2008 which is within the Company's guidance of $94 million to $103 million.
The Company's loss from continuing operations before income taxes for the fourth quarter of fiscal 2008 is expected to be approximately $4 million which results in an expected pre-tax loss of approximately $7 million for fiscal 2008. The Company's pre-tax loss for fiscal 2008 is expected to exceed the Company's guidance range of $3 million to $5 million due primarily to lower than expected fourth quarter revenue and higher than expected costs.
Business Outlook
The Company's revenue expectations for the fiscal year ending April 30, 2009 are in the range of $100 million to $115 million.
The Company's expectations of operating earnings for fiscal 2009 are in the range of $0.5 million to $5 million. Operating earnings is a non-GAAP measure that the Company uses to evaluate its performance in order to emphasize cash flow impacting operating activities. The Company defines this measure as earnings before interest, taxes, amortization of acquired intangibles and stock based compensation expense. The Company's expectations of operating earnings for fiscal 2009 compare to preliminary results for fiscal 2008 which indicate a loss of approximately $7 million. This measure may not be comparable to similar measures used by other companies.
"We expect 2009 to be an exciting year for the Company with a return to profitability, an industry leading product line and strong international growth" said Peter Strom, President and Chief Executive Officer.
The Company will release its fourth quarter and fiscal year 2008 financial results on June 11, 2008 and will discuss the results on a conference call and webcast on June 12, 2008 at 8:30 a.m. EDT (1:30 p.m. BST). The conference call may be accessed by dialing 1-800-732-0232 (North America) or 00 800 2288 3501 (Europe).
The conference call webcast can be accessed at http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2284920
A replay of the conference call will be available from June 12 at 10:30 a.m. EDT until June 19, 2008 at 11:59 p.m. EDT. The replay can be accessed at 1-877-289-8525 or 416-640-1917. The passcode for the replay is 21271057#
About March Networks
March Networks(TM) (TSX:MN; AIM:MNW) is a leading provider of intelligent IP video and business analysis applications that enable organizations to reduce losses, mitigate risks and improve security and operational efficiency. The Company's advanced software suite includes enterprise-class video management, powerful analytics and comprehensive managed and professional services. Our software and systems are used by leading financial institutions, retailers, transportation authorities and other organizations in more than 50 countries. For more information, please visit http://www.marchnetworks.com/.
Forward-Looking Statements
Certain statements included in this release constitute forward-looking statements, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect the Company's current assumptions and expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current assumptions and expectations.
Assumptions made in preparing the forward-looking statements and financial guidance contained in this release include, but are not limited to, the following:
- The market for the Company's products will grow by greater than 10%
annually.
- The Company will not have any end user customers representing greater
than 10% of revenue in fiscal 2009.
- The Company will develop and deliver new products on time in order to
satisfy the demands of current and potential customers.
- The Company will have adequate component supply to meet customer
demand.
- The Company's gross margin as a percentage of revenue in fiscal 2009
will improve relative to fiscal 2008.
- The Company will lower its operating cost structure relative to fiscal
2008.
- The prevailing exchange rate for US dollars and Euros to Canadian
dollars will be US$1.00=CDN$1.00 and Euro 1=CDN
$1.50.
- The Company will continue to demonstrate its potential to generate
sufficient profits in future fiscal years to realize the value of its
future tax assets.
Factors that could cause actual results to differ materially from expected results include, but are not limited to, the following:
- Higher than targeted product costs and/or higher than expected declines
in market pricing for new products.
- Increasing competition from larger entities resulting from the
consolidation of competitors and from larger entrants from other
industries.
- Delays in product development programs for new products and new product
features which lead to cost overruns and /or missed customer
opportunities.
- Weaker than expected success versus competitors in new customer
opportunities and/or loss of existing customers to competitors.
- Product issues in the Company's installed base that result in increased
costs to the Company and/or lost revenue opportunities.
- Difficulties integrating acquired business operations and related
diversion of management attention.
- Revenue shortfalls due to delays in securing new customer opportunities
and the lack of long term purchase commitments from customers.
- Shortages or long lead times in component supply that affect the
Company's ability to meet customer demand.
- Revenue declines associated with weakness in the US economy.
Additional risks are discussed herein and under "Risk Factors" in the Company's Annual Information Form available online at http://www.sedar.com/.
(x)MARCH NETWORKS and the MARCH NETWORKS logo are trademarks of March
Networks Corporation. All other trademarks are the property of their
respective owners.
MARCH NETWORKS CORPORATION
CONTACT: Peter Wilenius, VP Corporate Development, March Networks
Corporation, (613) 591-8181, pwilenius@marchnetworks.com
Inscription proposée de NetDragon Websoft Inc. sur le tableau principal de la Bourse de Hongkong
HONGKONG, May 27 /PRNewswire/ --
L'un des principaux développeurs et exploitants de jeux en ligne de la
Chine, NetDragon Websoft Inc. (<< NetDragon >> ou la << société >>, ou le
<< groupe >>, considérée avec l'ensemble de ses filiales ; code
boursier : 8288) a reçu, le 23 mai 2008, une approbation de principe du
comité des inscriptions de la Bourse de Hongkong (Stock Exchange of Hong Kong
Limited - SEHK) pour son inscription au tableau principal (Main Board) de la
Bourse de Hongkong.
First Shanghai Capital Limited est le garant en ce qui a trait à
l'inscription proposée du groupe sur le tableau principal.
Le 12 juin 2008 (jeudi), une assemblée générale extraordinaire
(<< AGE >>) sera convoquée par le groupe en vue d'obtenir l'approbation des
actionnaires relativement au retrait proposé de l'inscription sur le Marché
des entreprises en expansion rapide (Growth Enterprises Market - GEM) de la
Bourse de Hongkong ainsi qu'à l'inscription proposée des titres émis du
groupe dans leur intégralité sur le tableau principal de la Bourse de
Hongkong. L'introduction proposée sur le tableau principal n'occasionnera pas
l'émission de nouvelles actions du groupe.
Le groupe est coté sur le marché GEM de la Bourse de Hongkong depuis
novembre 2007. Au cours de la dernière année, il a connu une importante
croissance de ses activités et un rendement financier remarquable. En effet,
le revenu du groupe a plus que quadruplé, passant d'environ 122 061 000 RMB
en 2006 à quelque 645 214 000 RMB en 2007. En outre, le profit annuel du
groupe a septuplé, passant d'à peu près 42 985 000 RMB en 2006 à environ 374
837 000 RMB en 2007.
M. Liu Dejian, président et directeur général de NetDragon, a déclaré :
<< En étant actif sur le marché des jeux en ligne en Chine, lequel évolue à
un rythme rapide, le groupe est en mesure de saisir les opportunités de ce
marché à la hausse et de connaître un succès incroyable. Dès à présent,
l'inscription sur le tableau principal de la Bourse de Hongkong nous
permettra d'améliorer notre profil. Nous avons l'intention d'attirer des
investisseurs institutionnels et particuliers plus importants et d'augmenter
la liquidité commerciale de nos actions. Nous continuerons d'assurer une
croissance rapide et nous efforcerons de conserver notre position de premier
développeur et exploitant de jeux en ligne en Chine. >>
Voici le calendrier prévu concernant le retrait de l'inscription sur le
GEM et l'introduction sur le tableau principal de la Bourse de Hongkong :
27 mai 2008 Distribution de la note d'information et
du formulaire de procuration aux
actionnaires en vue de l'AGE
Distribution du document d'inscription aux
actionnaires
12 juin 2008, 10 h AGE
12 juin 2008 Diffusion des résultats de l'AGE
23 juin 2008 Dernier jours de transactions sur le GEM
24 juin 2008 Premier jour de transactions sur le
tableau principal
À propos de NetDragon Websoft Inc.
NetDragon Websoft Inc. est l'un des principaux développeurs et
exploitants de jeux en ligne en RPC. Le portefeuille de jeux du groupe
comprend une gamme de MMORPG (Massively Multiplayer Online Role-Playing Games
- jeux de rôle en ligne massivement multi-joueurs) qui répondent aux
différentes préférences de jeux et satisfont divers types de joueurs. Le
groupe a développé et commercialisé avec succès de nombreux jeux en ligne
populaires de styles variés. Son offre de jeux actuelle comprend Eudemons
Online, Conquer Online, Zero Online, Tou Ming Zhuang Online, Era of Faith et
Monster & Me. Certains des jeux sont disponibles dans des langues étrangères,
dont le français, l'anglais et l'espagnol. Le groupe compte trois autres jeux
en cours de développement, soit Heroes of Might and Magic Online, Way of the
Five et Tian Yuan, qui devraient tous être lancés en 2008. NetDragon est
inscrit sur le tableau GEM de la Bourse de Hongkong depuis le 2 novembre 2007
(code boursier : 8288). Pour de plus amples renseignements, veuillez
consulter le http://www.nd.com.cn.
Publié par Porda International (Finance) PR Group pour NetDragon Websoft
Inc. et en son nom.
Pour de plus amples renseignements, veuillez contacter :
NetDragon Websoft Inc.
Mme Angelina Li (responsable des relations avec les investisseurs)
Tél. : +852-6303-1722 ou +86-1380-9508-688
Fax : +852-2850-7066
E-mail : angelinali@nd.com.hk
Site Web : http://www.nd.com.cn
NetDragon Websoft Inc.
Mme Angelina Li (responsable des relations avec les investisseurs), +852-6303-1722 ou +86-1380-9508-688, ou fax, +852-2850-7066, ou angelinali@nd.com.hk
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