Companies news of 2008-06-02 (page 4)
WEGENER Signs $1 Million Agreement to Sell Selected Patents and Patent ApplicationsRetains...
Zix Corporation to Hold Annual Shareholder's Meeting June 3
Dycom Industries, Inc. to Present at the Credit Suisse 2008 Engineering & Environmental...
Agilysys Reports Unaudited Fiscal 2008 Fourth-Quarter and Full-Year Results--...
SPX to Present at JP Morgan Conference
Salesforce.com Named a Top Ten Most Influential Technology Vendor by Aberdeen GroupCompany...
BT Conferencing Completes Acquisition of Wire One Holdings Inc.
Virtela Launches Secure Video Extranet ServiceMulti-Carrier Network Optimizes Video...
Calling All Volunteers: Application Process Opens For Third Annual Whirlpool(R) Building...
Harris Corporation Wins U.S. Mobility Partner of the Year Award at Cisco Partner Summit
xpedx to Exclusively Sell New Ryobi Inline UV Casting and Foiling Technology to U.S....
Microsoft Releases Microsoft Dynamics AX 2009New ERP solution helps businesses thrive in a...
Oracle Sets the Date for Its Fourth Quarter and Fiscal Year 2008 Earnings...
Atmel's FingerChip Biometric Sensor Selected by Rise Computer for its Robust Security
Dreambuilder Investments Standardizes on Salesforce and the Force.com...
Imation First to Offer 500GB RDX Removable Disk CartridgeLargest Removable Disk Capacity...
Essex County Residents Benefit from Verizon Wireless Network ExpansionInvesting to Stay...
Optical Cable Corporation Acquires SMP Data CommunicationsTransaction Broadens Optical...
Irvine Sensors Developing Battery Replacement Technology
China Telecom Americas Announces Trans-Pacific Express (TPE) Cable LaunchTPE Undersea...
CCID Consulting: Aigo Has the Largest Sales Volume in China's Digital Photo Frame in...
Significant Enhancements Rolled Out With 3.6 Version of Retail Online from S1 Enterprise
AT&T Study: One in Five U.S. Businesses Does Not Have a Business Continuity Plan in...
Wisconsin Department of Transportation Selects Autodesk 3-D Design Tools for Road and...
Sterling Commerce Selects Palamida to Manage Its Use of Open Source Software
Customers Take Advantage of Latest Release of Oracle(R) SQL DeveloperNewly Available...
TIENS Group Selects Interwoven to Maximize Online Business Performance and Maintain Brand...
Seagate Introduces Savvio(R) 10K.3 Small Form Factor Enterprise Drive, Delivering...
WD(R) Introduces New Family of 7200 RPM 2.5-Inch Hard Drives for Fast Notebook Systems and...
FiberNet Introduces Everywhere E-1Nationwide E-1 Transport Services Now Available
WEGENER Signs $1 Million Agreement to Sell Selected Patents and Patent ApplicationsRetains royalty-free usage for products and services
DULUTH, Ga., June 2 /PRNewswire-FirstCall/ -- Wegener Corporation , a leading provider of equipment for television, audio and data distribution networks worldwide, today announced that WEGENER has signed an agreement to sell selected patents and patent applications to EPAX Consulting Limited Liability Company for net proceeds of approximately $1,075,000, subject to customary closing conditions. The group of patents and patent applications sold relate to product distinction, system architecture and IP networking. WEGENER retains a worldwide, non-exclusive, royalty-free license under the patents for use in both existing and future WEGENER products. Upon closing, WEGENER intends to use the proceeds from this transaction to reduce its line of credit borrowings. The transaction is expected to close in WEGENER's fourth fiscal quarter.
"This agreement should have no effect on our on-going product development efforts or on any current or future WEGENER products, including those using Compel(R)," stated Robert Placek, CEO of WEGENER. "While this transaction helps maximize the value of this intellectual property for our shareholders, we do not expect the sale of these patents to result in any meaningful competitive pressure on our business lines in the future." Placek added that the agreement does not include the Compel grouping patent.
ABOUT WEGENER
WEGENER(R) (Wegener Communications, Inc.), a wholly-owned subsidiary of Wegener Corporation , is an international provider of digital solutions for video, audio, and IP data networks. Applications include IP data delivery, broadcast television, cable television, radio networks, business television, distance education, business music and financial information distribution. Compel(R), WEGENER's patented network control system, provides networks with unparalleled ability to regionalize programming and commercials. Compel(R) network control capability is integrated into WEGENER(R) digital satellite receivers. WEGENER(R) can be reached at +1.770.814.4000 or on the World Wide Web at http://www.wegener.com/ .
WEGENER, COMPEL, COMPEL CONTROL, iPUMP, MEDIAPLAN, UNITY, ASSURED FILE DELIVERY, PANDA, PROSWITCH, VIDATA, the stylized W-design logo (for WEGENER(R)), the stylized C-design logo (for Compel(R)) and the stylized PANDA design logo are all registered trademarks of WEGENER(R). All Rights Reserved.
This news release may contain forward-looking statements within the meaning of applicable securities laws, including the Private Securities Litigation Reform Act of 1995, and the Company intends that such forward- looking statements are subject to the safe harbors created thereby. Forward- looking statements may be identified by words such as "believes," "expects," "projects," "plans," "anticipates," and similar expressions, and include, for example, statements relating to expectations regarding future sales, income and cash flows. Forward-looking statements are based upon the Company's current expectations and assumptions, which are subject to a number of risks and uncertainties including, but not limited to: customer acceptance and effectiveness of recently introduced products, development of additional business for the Company's digital video and audio transmission product lines, effectiveness of the sales organization, the successful development and introduction of new products in the future, delays in the conversion by private and broadcast networks to next generation digital broadcast equipment, acceptance by various networks of standards for digital broadcasting, the Company's liquidity position and capital resources, general market conditions which may not improve during fiscal year 2008 and beyond, and success of the Company's research and development efforts aimed at developing new products. Discussion of these and other risks and uncertainties are provided in detail in the Company's periodic filings with the SEC, including the Company's most recent Annual Report on Form 10-K. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. Forward-looking statements speak only as of the date the statement was made. The Company does not undertake any obligation to update any forward-looking statements.
Wegener Corporation
CONTACT: Press: Robin Hoffman, Pipeline Communications, +1-973-746-6970, robinhoffman@pipecomm.com, for WEGENER; Investors: Troy Woodbury, Investor Relations, WEGENER, +1-770-814-4000, FAX +1-770-623-9648, info@wegener.com
Web site: http://www.wegener.com/
Zix Corporation to Hold Annual Shareholder's Meeting June 3
DALLAS, June 2 /PRNewswire-FirstCall/ -- Zix Corporation (ZixCorp(R)), , the leader in hosted services for email encryption and e-prescribing, will conduct the Company's 2008 Annual Shareholder Meeting tomorrow, June 3, 2008, in Turtle Creek Room I on the first floor of the Cityplace Conference Center located at 2711 N. Haskell Avenue, Dallas, TX. Registration for the meeting will begin at 9:30 a.m. Central Time, with the meeting scheduled to begin at 10:00 a.m. Central Time.
In addition to conducting the Company's normal business at the meeting, ZixCorp's chairman and chief executive officer, Rick Spurr, will provide a corporate update on the company. A live Webcast of the shareholder's meeting will be available on the Investors portion of ZixCorp's Web site at http://investor.zixcorp.com/. There will be no telephonic broadcast of the meeting. A replay of the meeting will be available via Webcast on the Web site.
About Zix Corporation
ZixCorp is the leading provider of easy-to-use-and-deploy email encryption and e-prescribing services that Connect entities with their customers and partners to Protect and Deliver sensitive information in the healthcare, finance, insurance and government industries. ZixCorp's hosted Email Encryption Service provides an easy and cost-effective way to ensure customer privacy and regulatory compliance for corporate email. Its PocketScript(R) e-prescribing service saves lives and saves money by automating the prescription process between payors, doctors and pharmacies. For more information, visit http://www.zixcorp.com/.
Zix Corporation
CONTACT: Farrah Corley, +1-214-370-2175, publicrelations@zixcorp.com, or Investor Relations, Peter Wilensky +1-214-515-7357, invest@zixcorp.com, all of ZixCorp
Web site: http://www.zixcorp.com/
Dycom Industries, Inc. to Present at the Credit Suisse 2008 Engineering & Environmental Services Conference
PALM BEACH GARDENS, Fla., June 2 /PRNewswire-FirstCall/ -- Dycom Industries, Inc. announced today its upcoming presentation at the Credit Suisse 2008 Engineering & Environmental Services Conference to be held June 5, 2008, at Credit Suisse's office, 11 Madison Avenue, New York City, New York.
Dycom is scheduled to make its presentation on Thursday, June 5, at approximately 1:15 p.m. (ET). A live simulcast of this presentation along with related slides will be available via the Company's web site at http://www.dycomind.com/ under the heading "Investors" and subheading "Event Details." If you are unable to listen to the presentation at the scheduled time, a replay of the live simulcast with the related slide presentation will be available beginning Friday, June 6, at http://www.dycomind.com/ until Saturday, July 5, 2008.
Dycom is a leading provider of specialty contracting services throughout the United States. These services include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities including telecommunications providers, and other construction and maintenance services to electric utilities and others.
Dycom Industries, Inc.
CONTACT: Steven E. Nielsen, President and CEO, or H. Andrew DeFerrari, Senior Vice President and CFO, both of Dycom Industries, Inc., +1-561-627-7171
Web site: http://www.dycomind.com/
Agilysys Reports Unaudited Fiscal 2008 Fourth-Quarter and Full-Year Results-- Fourth-Quarter Revenue Increases 75% to $206.4 Million-- Company Begins Reporting Segment Results-- Announces Plan to Eliminate Approximately $14 Million in Net Expenses
BOCA RATON, Fla., June 2 /PRNewswire-FirstCall/ -- Agilysys, Inc. , a leading provider of innovative IT solutions, today announced fiscal 2008 unaudited fourth-quarter and full-year results for the period ended March 31, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030915/AGLSLOGO )
Fourth-Quarter Results of Operations
Revenue for the fourth quarter increased 74.8% to $206.4 million, compared with $118.1 million in the fourth quarter of fiscal 2007. Organic revenue was $114.9 million, or 56.0% of total revenue, and declined 2.8%, compared with the fourth quarter of fiscal 2007. Revenue from the company's acquisitions of Visual One, Stack, InfoGenesis, Innovativ and Eatec (the "Acquisitions") contributed $91.5 million, or 44.0% of revenue in the quarter.
Fiscal 2008 fourth-quarter revenue from hardware products was $153.8 million, up 75.4%, compared with $87.7 million for last year's fourth quarter. Software revenue was $20.4 million, up 161.5% from $7.8 million a year ago. Services revenue was $32.2 million, up 42.5% from $22.6 million a year ago.
Gross profit for the fourth quarter was $50.0 million, or 24.2% of revenue, compared with $31.9 million, or 27.0% of revenue, for the fourth quarter of fiscal 2007. As expected, the gross margin was impacted by changes in product mix, pricing under the company's procurement agreement with Arrow and by the acquisitions of Innovativ and Stack, which generate lower margins than the company has reported historically. In addition, weaker selling margins experienced in the quarter, and lower rebates in the company's Technology Solutions Group, which are primarily volume-driven, also contributed to the decline.
Selling, general and administrative (SG&A) expenses for the fourth quarter were $60.1 million, or 29.2% of revenue, compared with $37.4 million, or 31.7% of revenue in the same quarter a year ago. Acquisitions accounted for $21.5 million of the $22.7 million increase in SG&A expense. Depreciation and amortization for the quarter was $10.4 million compared with $2.1 million last year.
Other income for the quarter includes $11.5 million of income recognized from the company's investment in Magirus AG, a privately held enterprise computer systems distributor headquartered in Germany. This income is largely due to the gain on sale of a portion of its business to Avnet in late 2007. Results for Magirus remain unconfirmed and unaudited and are likely to change pending the completion of Magirus' financial statement audit.
Net interest income for the fourth quarter was $0.6 million, compared with $0.7 million a year ago.
Loss from continuing operations for the fourth quarter was $1.0 million, or $0.04 per share, compared with a loss of $6.6 million, or a loss of $0.21 per share, for the fourth quarter last year.
Adjusted EBITDA (operating income plus depreciation and amortization) was $0.3 million, excluding restructuring credits, for the quarter, compared with a loss of $3.4 million, excluding restructuring credits, a year ago. The fourth quarter of fiscal 2007 results contained a number of large one-time credits, not repeated during the fourth quarter of fiscal 2008. These credits are further described in the Corporate segment of this release. As a result of the March 2007 divestiture of the company's KeyLink Systems Distribution Business and acquisitions, the company believes that adjusted EBITDA most accurately reflects the company's performance and provides more meaningful year-over-year comparisons. (NOTE: A reconciliation of adjusted EBITDA to net income is provided in the financial tables included in this release. This financial measure of profitability is included to supplement the unaudited condensed consolidated financial statements presented in accordance with generally accepted accounting principles ("GAAP") in this press release. See the "Use of Non-GAAP Financial Information" section in this release for further information.)
"While fiscal 2008 was an exceptional year strategically as we acquired four companies and materially repositioned Agilysys well ahead of schedule as a diversified large solution provider, tactically we did not meet our earnings objective," said Arthur Rhein, chairman, president and chief executive officer of Agilysys. "We saw an unusual slowdown during the last two weeks of March as a number of major customers delayed purchasing decisions."
Fiscal 2008 Results of Operations
Revenue for fiscal 2008 increased 64.6% to $781.0 million, compared with $474.6 million in fiscal 2007. Organic revenue increased 9.0% to $516.9 million, and represented 66.2% of revenue. The Acquisitions contributed $264.1 million, or 33.8% of revenue.
Fiscal 2008 revenue from hardware products was $581.0 million, up 64.8%, compared with $352.6 million in fiscal 2007. Software revenue was $72.9 million, up 118.9% from $33.3 million a year ago. Services revenue was $127.1 million, up 43.3% from $88.7 million in fiscal 2007.
Gross profit for fiscal 2008 was $182.8 million, or 23.4% of revenue, compared with $120.7 million, or 25.4% of revenue, in fiscal 2007. Gross profit from the Acquisitions was $63.6 million, or 24.1% of revenue. Organic gross profit was $119.2 million, or 23.1% of organic revenue. Changes in product mix, pricing under the procurement agreement with Arrow and margins of the Acquisitions all contributed to lower gross margins.
SG&A expenses for fiscal 2008 were $199.3 million, or 25.5% of revenue, compared with $133.2 million, or 28.1% of revenue, in fiscal 2007. In fiscal 2008, SG&A from the Acquisitions was $58.8 million, or 22.3% of revenue. Organic SG&A was $140.5 million, or 27.1% of organic revenue. Depreciation and amortization for the year was $23.7 million compared with $8.7 million a year ago.
For fiscal 2008, the company recorded other income of $11.5 million recognized from the company's investment in Magirus AG, which was partially offset by operating losses of $2.6 million from Magirus, and a gain on sale of $1.3 million on an investment in an affiliated company.
Net interest income for fiscal 2008 was $12.2 million, compared with $2.4 million in 2007.
Income from continuing operations for fiscal 2008 was $4.2 million, or $0.15 per share, compared with a loss of $11.6 million, or a loss of $0.38 per share, for fiscal 2007.
Adjusted EBITDA was $7.2 million, excluding restructuring credits, for fiscal 2008 compared with a loss of $3.8 million, excluding restructuring credits, in fiscal 2007.
The effective income tax rate for continuing operations for the 12 months ended March 31, 2008 was 42.5%.
Investments and One-Time Expenses
The full-year fiscal 2008 results included longer-term investments and unanticipated one-time costs associated with acquisitions. These include the following:
-- Loss of $3.9 million in the professional services operation of the
Technology Solutions Group
-- Loss of $3.3 million as a result of investments in the Technology
Solutions Group to expand market coverage
-- Loss of $1.2 million in the China operations of the Technology
Solutions Group
-- Investment of $2.3 million in the Hospitality Solutions Group to
develop a new property management application, Guest360(TM)
-- Acquisition-related expenses of $2.5 million
"We had expected to see more positive results from our Technology Solutions Group investments as we completed fiscal 2008," said Rhein. "These investments along with the unexpectedly soft IT spending environment in our fiscal fourth quarter, contributed to disappointing EBITDA results for the year."
Segment Reporting
Immediately following the divestiture of the company's KeyLink Systems Distribution Business in March 2007, the continuing operations of the company represented one business segment that provided IT solutions to corporate and public-sector customers. In fiscal 2008, Agilysys developed a structure to support the company's strategic direction. As a result, the company has been organized into four business segments: Hospitality Solutions Group, Retail Solutions Group, Technology Solutions Group and Corporate. Fiscal 2007 has been recast to include financial results of these segments.
"We are pleased to share additional financial information on our business segments," Rhein said. "This provides our shareholders, analysts and others clearer and more complete information regarding our operations."
Hospitality Solutions Group
The Hospitality Solutions Group (HSG) is a leading technology provider to the hospitality industry, offering application software and services that streamline management of operations, property and inventory for customers in the gaming, hotel and resort, cruise line, food management service, and sports and entertainment markets.
In fiscal 2008, HSG recorded annual revenue of $85.5 million compared with $37.9 million in fiscal 2007. Of the approximately $47.6 million increase in revenue, approximately $41.1 million came from the acquisitions of Visual One, InfoGenesis and Eatec. Organic growth was 17.9%. Pro forma for the timing of these acquisitions, HSG has revenue of approximately $100 million.
Depreciation and amortization was $4.9 million in fiscal 2008, compared with $1.2 million in fiscal 2007. In fiscal 2008, $4.1 million of the total depreciation and amortization figure came from acquisitions.
Adjusted EBITDA was $9.5 million in fiscal 2008, compared with $6.7 million in fiscal 2007. Adjusted EBITDA margin was 11.1%, compared with 17.7% in fiscal 2007. The deterioration in adjusted EBITDA margin was largely attributable to the InfoGenesis acquisition, which did not meet the company's expectations for the year, and was less profitable than the existing HSG business last year. The decrease in margin was also the result of one-time costs related to the integration of InfoGenesis and making InfoGenesis software payment card industry ("PCI") compliant.
HSG expensed $2.3 million of development costs for a new property management application, Guest360(TM).
Retail Solutions Group
The Retail Solutions Group (RSG) is a leader in designing solutions that help make retailers more productive and provide their customers with an enhanced shopping experience. RSG solutions help improve operational efficiency, technology utilization, customer satisfaction and in-store profitability, including customized pricing, inventory and customer relationship management systems. The group also provides implementation plans and supplies the complete package of hardware needed to operate the systems, including servers, receipt printers, point-of-sale terminals and wireless devices for in-store use by the retailer's store associates.
In fiscal 2008, RSG recorded annual revenue of $138.1 million, representing an increase of 48.8% compared with $92.8 million in fiscal 2007. Growth was primarily driven by retailers upgrading and enhancing their technology to improve the shopping experience for their customers. All revenue growth for RSG was organic during fiscal 2008.
Depreciation and amortization was $0.4 million in fiscal 2008, compared with $0.5 million in fiscal 2007.
Adjusted EBITDA was $8.0 million in fiscal 2008, compared with $3.1 million a year ago. Adjusted EBITDA margin was 5.8%, compared with 3.3% in fiscal 2007. The increase in margin was largely attributable to demand for proprietary services and software, as well as resold hardware.
Technology Solutions Group
The Technology Solutions Group (TSG) is a leading provider of HP, Sun, IBM and EMC enterprise IT solutions for the complex needs of customers in a variety of industries - including education, finance, government, healthcare and telecommunications, among others. The solutions offered include enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity.
In fiscal 2008, TSG recorded annual revenue of $557.4 million, an increase of $213.9 million, or 62.3%, compared with $343.5 million in fiscal 2007. A total of $221.5 million, or 39.7% of revenue, resulted from the company's acquisitions of Innovativ and Stack. North American organic revenue grew more than 10% through the first nine months of fiscal 2008, but a significant decline in revenue of 17% in the fourth quarter resulted in an annual growth rate of 1.4%. China revenue decreased 50%, compared with last year. Pro forma for the timing of the acquisitions, TSG has revenue of approximately $620 million.
Depreciation and amortization was $14.6 million in fiscal 2008, compared with $2.1 million in fiscal 2007. The increase in depreciation and amortization relates to the amortization of acquisition-related intangibles.
Adjusted EBITDA was $27.8 million in fiscal 2008, compared with $17.7 million in fiscal 2007. Adjusted EBITDA margin was 5.0%, compared with 5.2% in fiscal 2007. While EBITDA margin for TSG was relatively flat compared with last year, it was negatively impacted by pricing pressure, particularly with the EMC product line and substantial longer-term investments that did not deliver as anticipated. Those longer-term investments included $3.3 million to build-out storage, networking and server solutions capacity and capabilities; losses of $1.1 million in its China operations; and losses of $3.9 million in its professional services operation.
Corporate
The company's Corporate segment consists of executive management, the board of directors and shared services of finance, IT, human resources and legal.
Depreciation and amortization was $3.9 million in fiscal 2008, down from $4.9 million in fiscal 2007. The decrease in depreciation and amortization related to the divestiture of KeyLink.
Adjusted EBITDA was a loss of $38.1 million in fiscal 2008, compared with a loss of $28.7 million in fiscal 2007. Fiscal 2007 included large credits totaling $6.5 million primarily related to reversing a prior restructuring charge, true-ups of bad debt expense, and reversal of previously accrued open price receivers. Corporate cost reductions of $6.1 million subsequent to the divestiture of KeyLink were more than offset by higher costs, including: $2.7 million in facilities expense, $4.2 million in stock and benefits compensation, and $1.8 million in acquisition-related expenses.
Business Outlook
"As a result of the uncertain economic environment and correlated deferral of IT expenditures, we have conducted a detailed review of our businesses to identify operating efficiencies and reduce costs," said Rhein. "We have begun to take action and expect to have essentially all of the expenses identified and eliminated by June 30, 2008."
As part of the company's cost-reduction effort, it expects to eliminate approximately $17 million in SG&A expenses resulting in a pro forma, full-year increase in adjusted EBITDA of approximately $14 million, or realized improvement in adjusted EBITDA of $10.5 million in fiscal 2009 based on the timing of executing planned cost savings.
The company is anticipating fiscal 2009 annual revenue of $860 million to $900 million Full-year gross margin is expected to be approximately 24.5% to 25.0%.
The company expects SG&A expenses to be approximately $210 million to $213 million in fiscal 2009, excluding restructuring charges. Agilysys expects stock compensation expense of $5.4 million and depreciation and amortization of $27.0 million. Continued investments in the Hospitality Solutions Group's launch of a new property management application, Guest360(TM), will cost approximately $4.1 million, of which $3.1 million is forecast to be expensed.
Adjusted EBITDA is expected to be between $27 million to $40 million.
Given the significant intangible amortization associated with recent acquisitions and based on an estimated 23.5 million weighted average diluted shares outstanding, earnings per share from continuing operations is expected to be in the range of $0.05 to $0.35 per share.
Capital expenditures are estimated at $8 to $10 million for the year.
Conference Call Information
A conference call to discuss fiscal fourth-quarter and full-year 2008 results, discuss expense reduction actions and provide fiscal 2009 guidance is scheduled for 11 a.m. ET on Monday, June 2, 2008. The conference call will be broadcast live over the Internet and a replay will be accessible on the investor relations page of the company's Web site: http://www.agilysys.com/.
Those interested in listening to the call over the telephone should dial 412-858-4600 or 800-860-2442 and ask for Agilysys. A replay of the call will be available beginning at 2 p.m. ET on June 2 until 11:59 p.m. ET on June 16, 2008. The replay can be accessed by dialing either 412-317-0088 or 877-344-7529 and entering passcode 419288.
Use of Non-GAAP Financial Information
To supplement the unaudited condensed consolidated financial statements presented in accordance with GAAP in this press release, the company uses the non-GAAP financial measure of adjusted EBITDA, defined as operating income plus depreciation and amortization.
Management reviews non-GAAP financial measures internally to evaluate the company's performance. Additionally, management believes that such information can enhance investors' understanding of the company's ongoing operations. The non-GAAP measures included in this press release have been reconciled to the comparable GAAP measures within the accompanying table, as required under Securities and Exchange Commission (SEC) rules regarding the use of non-GAAP financial measures. They should not be considered in isolation or as a substitute for analysis of the company's results as reported under GAAP.
Forward-Looking Language
Portions of this release, particularly the statements made by management and those that are not historical facts, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current assumptions and expectations, and are subject to risks and uncertainties, many of which are beyond the control of Agilysys. Many factors could cause Agilysys actual results to differ materially from those anticipated by the forward- looking statements. These factors include those referenced in the Annual Report on Form 10-K or as may be described from time to time in Agilysys subsequent SEC filings.
Potential factors that could cause actual results to differ materially from those expressed or implied by such statements include, but are not limited to, those relating to Agilysys long-term financial goals, anticipated revenue gains, revenue volume, margin improvements, cost savings, capital expenditures, depreciation and amortization, new product introductions and economic conditions.
In addition, this release contains time-sensitive information and reflects management's best analysis only as of the date of this release. Agilysys does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Information on the potential factors that could affect Agilysys actual results of operations is included in its filings with the SEC, including, but not limited to, its Annual Report on Form 10-K for the fiscal year ended March 31, 2007. Interested persons can obtain it free at the SEC's Web site, http://www.sec.gov/ .
About Agilysys, Inc.
Agilysys is a leading provider of innovative IT solutions to corporate and public-sector customers, with special expertise in select markets, including retail and hospitality. The company uses technology - including hardware, software and services - to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity; and provides industry-specific software, services and expertise to the retail and hospitality markets. Headquartered in Boca Raton, Fla., Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom and China. For more information, visit http://www.agilysys.com/ .
AGILYSYS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended Year Ended
March 31 March 31
(In thousands, except share
and per share data) 2008 2007 2008 2007
Net sales
Products $174,197 $95,505 $653,876 $381,723
Services 32,156 22,588 127,121 92,847
Total net sales 206,353 118,093 780,997 474,570
Cost of goods sold
Products 146,154 79,210 556,110 328,831
Services 10,214 6,952 42,118 25,032
Total cost of goods
sold 156,368 86,162 598,228 353,863
Gross margin 49,985 31,931 182,769 120,707
Selling, general and
administrative expenses 60,111 37,431 199,258 133,185
Restructuring credits (103) (2,576) (75) (2,531)
Operating loss (10,023) (2,924) (16,414) (9,947)
Other (income) expenses
Other (income) expense,
net (11,631) 4,803 (11,553) 6,025
Interest income (830) (1,245) (13,101) (5,133)
Interest expense 256 587 945 2,731
Income (loss) before income
taxes 2,182 (7,069) 7,295 (13,570)
Income tax expense (benefit) 3,140 (488) 3,098 (1,935)
Income (loss) from continuing
operations (958) (6,581) 4,197 (11,635)
Discontinued operations
Income from discontinued
operations, net of taxes 151 11,501 2,983 48,761
Gain on disposal of
discontinued component,
net of taxes - 195,729 - 195,729
Income from discontinued
operations 151 207,230 2,983 244,490
Net income $(807) $200,649 $7,180 $232,855
Earnings per share - basic
and diluted
Income (loss) from
continuing operations $(0.04) $(0.21) $0.15 $(0.38)
Income from discontinued
operations 0.01 6.67 0.10 7.97
Net income $(0.03) $6.46 $0.25 $7.59
Weighted average shares
outstanding
Basic 24,550,752 31,052,584 28,252,137 30,683,766
Diluted 24,550,752 31,052,584 28,766,112 30,683,766
Cash dividends per share $0.03 $0.03 $0.09 $0.09
AGILYSYS, INC.
BUSINESS SEGMENT INFORMATION
(Unaudited)
2008 2007 2006
Hospitality
Total revenue $85,758 $37,875 $42,787
Elimination of intersegment revenue (280) - -
Revenue from external customers 85,478 37,875 42,787
Depreciation and Amortizations 4,865 1,160 1,714
Operating income 4,667 5,535 6,546
Adjusted EBITDA 9,532 6,695 8,260
Retail
Total revenue $138,589 $93,064 $104,067
Elimination of intersegment revenue (493) (288) (255)
Revenue from external customers 138,096 92,776 103,812
Depreciation and Amortizations 376 503 1,039
Operating income 7,647 2,559 5,641
Adjusted EBITDA 8,023 3,062 6,680
Technology
Total revenue $566,463 $351,440 $326,996
Elimination of intersegment revenue (9,040) (7,934) (6,110)
Revenue from external customers 557,423 343,506 320,886
Depreciation and Amortizations 14,599 2,134 1,840
Operating income 13,241 15,533 15,552
Adjusted EBITDA 27,840 17,667 17,392
Corporate / Other
Revenue from external customers $ - $413 $1,499
Depreciation and Amortizations 3,855 4,880 4,830
Operating income (41,969) (33,574) (49,165)
Adjusted EBITDA (38,114) (28,694) (44,335)
Consolidated:
Total revenue $790,810 $482,792 $475,349
Elimination of intersegment revenue (9,813) (8,222) (6,365)
Revenue from external customers 780,997 474,570 468,984
Depreciation and Amortizations 23,695 8,677 9,423
Operating income (16,414) (9,947) (21,426)
Adjusted EBITDA 7,281 (1,270) (12,003)
AGILYSYS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts at March 31, 2008 are unaudited)
March 31 March 31
2008 2007
(In thousands)
ASSETS
Current assets
Cash and cash equivalents $70,596 $604,667
Accounts receivable, net 179,164 111,211
Inventories, net 19,270 9,922
Deferred income taxes 646 3,092
Prepaid expenses and other current assets 3,056 3,494
Income taxes receivable 4,000 -
Assets of discontinued operations - current 369 206
Total current assets 277,101 732,592
Goodwill 286,751 93,197
Intangible assets, net 55,625 8,716
Investments in affiliated companies 17,492 11,231
Other non-current assets 38,170 30,701
Property and equipment, net 27,726 17,279
Total assets $702,865 $893,716
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable $98,641 $84,286
Floor plan financing 14,552 -
Income taxes payable - 134,607
Accrued liabilities 74,514 26,665
Current portion of long term debt 308 116
Liabilities of discontinued operations - current 607 162
Total current liabilities 188,622 245,836
Other non-current liabilities 28,001 20,813
Liabilities of discontinued operations - noncurrent 234 223
Shareholders' equity
Common shares 9,366 9,333
Treasury shares (2,694) (10)
Capital in excess of stated value (11,469) 129,750
Retained earnings 490,320 489,435
Accumulated other comprehensive loss 485 (1,664)
Total shareholders' equity 486,008 626,844
Total liabilities and shareholders' equity $702,865 $893,716
AGILYSYS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
Year Ended
March 31
(In thousands) 2008 2007
Operating activities:
Net income $7,180 $232,855
Less: Income from discontinued operations (2,983) (244,490)
Income (loss) from continuing operations 4,197 (11,635)
Adjustments to reconcile income (loss) from
continuing operations to net cash used for
operating activities (net of effects from
business acquisitions):
Investment impairment - 5,892
(Gain) loss on equity investment (8,780) -
Gain on redemption of cost investment (1,330) 967
Gain on sale of property and equipment 12 1,501
Depreciation 3,369 1,565
Amortization 20,552 6,315
Deferred income taxes 63 1,478
Stock based compensation 6,039 4,232
Excess tax benefit from exercise of stock options (97) (1,854)
Changes in working capital:
Accounts receivable 15,987 1,585
Inventories 663 122
Accounts payable (53,431) 30,136
Accrued liabilities (11,674) (13,859)
Income taxes payable (137,567) 132,771
Other changes, net 2,013 (1,316)
Other non-cash adjustments (938) (5,521)
Total adjustments (165,119) 164,014
Net cash (used for) provided by operating
activities (160,922) 152,379
Investing activities:
Proceeds from sale of Keylink - 485,000
Proceeds from sale of investment in affiliated
company 4,770 -
Acquisition of businesses, net of cash
acquired (236,210) (10,613)
Proceeds from escrow settlement - 423
Purchase of property and equipment (8,775) (6,250)
Change in cash surrender value of company
owned life insurance policies (439) 269
Proceeds from sale of marketable securities - 1,147
Net cash (used for) provided by investing
activities (240,654) 469,976
Financing activities:
Purchase of treasury shares (149,999) -
Dividends paid (3,407) (3,675)
Issuance of common shares 1,447 10,107
Floor plan financing agreement 14,552 -
Principal payment under long term obligations 109 (59,567)
Excess tax benefit from exercise of stock options 213 1,854
Net cash used for financing activities (137,085) (51,281)
Effect of exchange rate changes on cash 1,314 (97)
Cash flows used for continuing operations (537,347) 570,977
Cash flows of discontinued operations
Operating cash flows 3,276 (114,087)
Investing cash flows - (73)
Net decrease in cash (534,071) 456,817
Cash at beginning of period 604,667 147,850
Cash at end of period $70,596 $604,667
AGILYSYS, INC.
RECONCILIATION OF ADJUSTED EBITDA TO NET INCOME
(Unaudited)
Three Months Ended Year Ended
March 31 March 31
(In thousands) 2008 2007 2008 2007
Net income $(807) $200,649 $7,180 $232,855
Plus:
Interest income, net (574) (658) (12,156) (2,402)
Income tax expense (benefit) 3,140 (488) 3,098 (1,935)
Depreciation and amortization
expense (a) 10,413 2,064 23,694 8,677
Other expenses, net (11,631) 4,803 (11,553) 6,025
Income from discontinued
operations (151) (207,230) (2,983) (244,490)
Adjusted EBITDA from continuing
operations $390 $(860) $7,280 $(1,270)
(a) Depreciation and amortization expense excludes amortization of
deferred finance costs, as such costs are already included in interest
income, net.
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Agilysys, Inc.
CONTACT: Martin Ellis, Executive Vice President, Treasurer, and Chief Financial Officer of Agilysys, Inc., +1-561-999-8780, martin.ellis@agilysys.com
Web site: http://www.agilysys.com/
SPX to Present at JP Morgan Conference
CHARLOTTE, N.C., June 2 /PRNewswire-FirstCall/ -- SPX Corporation today announced that Chris Kearney, Chairman, President and CEO and Patrick O'Leary, Executive Vice President and CFO, will present at JP Morgan's 3rd Annual Basics and Industrials Conference on Wednesday, June 4, 2008, in New York City. The presentation is scheduled to begin at approximately 10:00 a.m. Eastern time.
A live audio webcast of the presentation will be available in the Investor Relations section of SPX's website ( http://www.spx.com/ ). A replay of the presentation will be accessible on the website through Friday, June 13, 2008.
SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.
SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many environmentally friendly products, includes cooling systems for power plants throughout the world; custom engineered process equipment that assists a variety of flow processes including food and beverage manufacturing, oil and gas exploration, distribution and refinement and power generation; handheld diagnostic tools that aid in vehicle maintenance and repair; and power transformers that regulate voltage for electrical transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and employs more than 17,000 people worldwide in over 35 countries. Visit http://www.spx.com/.
SPX Corporation
CONTACT: Jeremy W. Smeltser (Investors), +1-704-752-4478, investor@spx.com, or Jennifer H. Epstein (Media), +1-704-752-7403, jennifer.epstein@spx.com, both of SPX Corporation
Web site: http://www.spx.com/
Salesforce.com Named a Top Ten Most Influential Technology Vendor by Aberdeen GroupCompany joins Cisco, Dell, EMC, HP, IBM, Microsoft, Oracle, SAP and Sun Microsystems at the top of the list of 100 organizations
SAN FRANCISCO, June 2 /PRNewswire-FirstCall/ -- Salesforce.com , the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS), today announced that it has been named among the top ten most influential technology vendors of 2008 by Aberdeen Group. Aberdeen's report, The Annual State of the Market Report, evaluates and ranks the top 100 organizations that "excelled at providing value to the business community" based on a survey of 5,000 business decision makers. Positioned at number eight on the list, salesforce.com joins companies such as Cisco, Dell, EMC, HP, IBM, Microsoft, Oracle, SAP and Sun Microsystems at the top of the list.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO)
"Just a few years ago, our motto, 'The End of Software' was a bold prediction; now it's an apt description of the market," said Marc Benioff, chairman and CEO at salesforce.com. "Being named amongst this group of industry leaders is further evidence of the SaaS market's fast trajectory of growth."
In addition to ranking the vendors, the Aberdeen report identifies trends in decision-making and priorities in technology spending. The top criteria listed by respondents for choosing a technology include "total cost of ownership (43%), product functionality (42%), vendor stability (24%), market specific knowledge and experience (24%), domain or industry expertise (22%), and reputation (21%)." Both mid-sized and large organizations ranked enterprise application investments such as CRM, ERP and SCM, as their biggest priority.
Additional information on the 2008 Aberdeen Report: State of the Market can be found at http://www.aberdeen.com/.
About AberdeenGroup, a Harte-Hanks Company
Aberdeen is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen(TM) for insights that drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information -- Opportunity -- Insight -- Engagement -- Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen http://www.aberdeen.com/ or call (617) 723-7890, or to learn more about Harte-Hanks, call (800) 456-9748 or go to http://www.harte-hanks.com/.
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 application, 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.
Copyright (c) 2008 salesforce.com, inc. All rights reserved. Salesforce and the "no software" logo are registered trademarks of salesforce.com, inc., and salesforce.com owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.
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salesforce.com
CONTACT: Erin O'Keeffe of salesforce.com, +1-415-536-6150, eokeeffe@salesforce.com
Web site: http://www.salesforce.com/ http://www.aberdeen.com/
BT Conferencing Completes Acquisition of Wire One Holdings Inc.
LONDON, June 2 /PRNewswire-FirstCall/ -- BT today announced the completion of the acquisition of Wire One Holdings Inc. ("Wire One") from The Gores Group.
Wire One is a leading provider of videoconferencing solutions in the United States and will form the core of BT Conferencing's video business unit. BT Conferencing is one of the leading players in the UK and European conferencing market and has a strong presence in the United States and Asia Pacific. The acquisition extends BT Conferencing's customer footprint and significantly enhances its video conferencing capabilities and service offerings.
Aaron McCormack, Chief Executive Officer of BT Conferencing, said: "The demand for video conferencing services is growing rapidly. With this acquisition, BT is now a worldwide leader in video solutions. Our customers will have access to world class video services from a single global provider over a global IP network over 170 countries."
Jeff Prestel, formerly Senior Vice President Sales & Marketing at Wire One, has been appointed as the General Manager of the BT Conferencing Video Business Unit. "I am delighted to lead this new business unit for BT Conferencing. Our customer centric focus will continue to drive innovations and excellence in service delivery."
Notes to Editors
About BT
BT is one of the world's leading providers of communications solutions and services operating in 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to our customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, Openreach, BT Retail and BT Wholesale.
In the year ended 31 March 2008, BT Group plc's revenue was £20,704 million pounds Sterling with profit before taxation of 2,506 million pounds.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.
For more information, visit http://www.bt.com/aboutbt
About BT Conferencing
BT Conferencing was established more than 20 years ago and is now one of the leading global providers of audio, video and web collaboration services. Year on year growth has seen the company out-perform the conferencing industry expectation and with its extensive global portfolio, is now one of the largest conferencing providers in the UK and Europe with current reach in more than 70 countries. BT Conferencing is based in the USA, EMEA and Asia Pacific and specialises in the delivery of reliable, robust and innovative conferencing solutions and product hardware to some of the largest companies in the world. The company offers tailor-made solutions to customers, whether they are small SMEs or major global businesses. With businesses now juggling to increase productivity, being more environmentally aware and at the same time looking to improve the work-life balance of its employees, conferencing and collaboration services provide a cost effective and time saving solution. For more information visit http://www.bt.com/conferencing
About The Gores Group, LLC
Founded in 1987 by Alec E. Gores, The Gores Group, LLC is a private equity firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm's operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. The Gores Group, LLC has become a leading investor having demonstrated over time a reliable track record of creating substantial value in its portfolio companies alongside management. The firm's current private equity fund has committed equity capital of $1.7 billion. Headquartered in Los Angeles, California, The Gores Group, LLC maintains offices in Boulder, Colorado and London. For more information, please visit http://www.gores.com/.
BT Conferencing
CONTACT: Dan Lawler, BT Americas Public Relations, +1-212-731-2406, dplawler@comcast.net
Web site: http://www.bt.com/conferencing http://www.btplc.com/ http://www.gores.com/
Virtela Launches Secure Video Extranet ServiceMulti-Carrier Network Optimizes Video Communications Between Partners Globally
DENVER, June 2 /PRNewswire/ -- Virtela, the global network solutions company, today announced Secure Video Extranet, a service that enables businesses to privately connect to video endpoints outside of their corporate perimeter to support telepresence and other videoconferencing applications with partners worldwide. With this service, Virtela resolves the network quality and security concerns associated with partners on different carriers' networks needing to visually connect, enhancing their overall experience while creating productivity increases inherent to video communications.
Virtela's Secure Video Extranet service overcomes the challenges typically associated with videoconferencing between partner communities, where endpoints often reside on different carriers and Internet peering to connect them adds jitter, latency and packet loss that can severely impact video quality. Virtela optimizes video calls between partners via a multi-carrier network that exchanges video traffic between locations while bypassing public and private peering points and their inherent performance issues. Virtela currently provides managed extranet services to many leading multinational corporations, and is applying that network and security expertise to video extranet requirements. By setting up and maintaining security policies between partners, for example, Virtela ensures security posture as trusted and untrusted environments become linked.
"Virtela has a long history of providing partner extranet services and we recognized the need for companies to connect with business partners through videoconferencing as a natural offshoot of our existing services," said John Powell, Virtela's vice president of global channels. "Our network was engineered from the start to handle demanding applications and deliver packets in sequence, which further optimizes video communications and enables us to provide stringent end-to-end performance guarantees specific to video traffic."
Virtela's Global Service Fabric (GSF) network is carrier- and vendor-neutral, allowing customers to take advantage of their existing infrastructure and access while implementing new solutions that improve cost savings and performance. The GSF employs Regional Policy Centers (RPCs) around the world that aggregate and integrate hundreds of networks, leveraging private connectivity between carriers. This architecture is optimal for corporate extranets, ensuring that businesses on disparate networks can connect via secure, high quality connection points critical to support bandwidth-intensive applications such as High Definition (HD) videoconferencing and telepresence solutions. Companies in merger and acquisition mode that need to assimilate new locations can also leverage Virtela's Secure Video Extranet service to enhance their business processes.
Unlike other solutions, Virtela's network approach is agnostic to the telepresence or HD video endpoint in use. Extranets of all leading vendor types are supported, although there are limitations with video equipment compatibility between telepresence vendors.
In addition, other providers offering similar services typically operate on a much smaller geographic scale, connecting to other network providers at less than a handful of network access points. This can add significant latency to the videoconference, since traffic must get to one of these access points that can be located halfway around the world from where the conference endpoints reside.
Virtela also connects to bridging and gateway partners, providing those capabilities as a network-based service offered on demand for customers.
Virtela will have further information available at the InfoComm show, June 18-20, 2008 at the Las Vegas Convention Center, Virtela booth # C2735. The company will also be presenting at an InfoComm session entitled: IT and Collaborative Conferencing for the AV Professional, on June 19 from 12:30 to 2:00 PM.
About Virtela
Virtela Communications Inc. delivers award-winning network and security solutions to many of the world's largest and fastest-growing multinational companies. Currently serving customers across six continents, Virtela's network reach spans more than 190 countries. Virtela's unique Global Service Fabric(SM) offers the foundation for delivering critical applications via the company's acclaimed service methodology, with a services suite that includes MPLS- and IP-based virtual private networks (VPNs), security services, remote monitoring and management of WAN/LAN infrastructure, and converged services (data, video, voice).
Virtela is headquartered in Denver, Colorado, with redundant Network Operations Centers in Mumbai, India and Manila, Philippines. Virtela is a member of Juniper Networks' Managed Network Solutions Preferred Alliance Program. For more information, please call +1 (720) 475-4000 or visit http://www.virtela.com/.
Virtela Communications Inc.
CONTACT: Jane Morrissey of Virtela Communications, office, +1-720-475-4012, mobile, +1-303-808-7671, jmorrissey@virtela.com
Web site: http://www.virtela.net/
Calling All Volunteers: Application Process Opens For Third Annual Whirlpool(R) Building BlocksWhirlpool Kicks Off Nationwide Search for Volunteers to Join Annual Habitat for Humanity Community Build
DALLAS, June 2 /PRNewswire-FirstCall/ -- Habitat for Humanity and Whirlpool brand are looking for a few good men and women for the third annual Whirlpool(R) Building Blocks program home-building blitz in Dallas. From June 2 to July 11, 2008, consumers can apply at http://www.whirlpool.com/buildingblocks to join the 2008 build team and help eliminate substandard housing in the United States.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040202/DETU004LOGO )
According to the National Low Income Housing Coalition and Habitat for Humanity, substandard housing affects 95 million people in the United States. The Whirlpool(R) Building Blocks program is designed to bring together nearly 300 volunteers nationwide to work hand-in-hand to raise walls, construct roofs and create homes with qualified Habitat families. Volunteers do not need prior building or Habitat experience to apply.
"For nearly a decade, Whirlpool has supported Habitat for Humanity in its mission to provide families with simple, decent housing," said Ellen Taaffe, vice president, Mass Brands, Whirlpool Corporation. "The Whirlpool(R) Building Blocks program is an extension of that commitment and we ask interested consumers to 'join us' in our efforts to raise awareness of the affordable housing crisis in this country."
From November 16-21, 2008, the Whirlpool(R) Building Blocks program will build homes with nine families in the West Dallas community of Greenleaf Village II. On average, the median household income in West Dallas is $25,790 and an estimated one out of every three families in the community lives below the federal poverty level. Dallas is the third city to be chosen for the program, which kicked off in Nashville in 2006 and moved to Phoenix in 2007.
"These 300 volunteers are building more than homes -- they are improving lives and creating a neighborhood where children and families can thrive," said Norm Wilbur, executive director for Dallas Area Habitat for Humanity. "We welcome Whirlpool brand and the Building Blocks volunteers to make a big difference in 'Big D' this November."
Each year, the Whirlpool(R) Building Blocks program recognizes an outstanding Habitat for Humanity affiliate in the United States by organizing a weeklong building blitz. Whirlpool Corporation is one of Habitat for Humanity's largest corporate partners, donating a range and ENERGY STAR(R) qualified refrigerator to every new Habitat home built in North America. Every year, thousands of Whirlpool employees volunteer their own time to Habitat builds around the country. The partnership began in 1999, and Whirlpool brand plans to support every new Habitat home built globally by 2011, through product donations, cash or home sponsorship.
For more information, rules and an application, please visit http://www.whirlpool.com/buildingblocks.
This year, the Whirlpool(R) Building Blocks community moves online to Facebook, enabling volunteers -- past, present and future -- to exchange stories, share photos and lend encouragement. Non-volunteers also are invited to follow the build's progress via the page. To visit the Whirlpool(R) Building Blocks Facebook page, go to http://www.whirlpool.com/BuildingBlocksFacebook.
About Whirlpool Brand
Whirlpool Corporation is the world's leading manufacturer and marketer of major home appliances with annual sales of approximately $19 billion and more than 73,000 employees. Whirlpool brand recognizes that consumers lead busy, active lives and continues to create solutions that help consumers optimize productivity in the home. In addition to designing appliance solutions based on consumer insight, Whirlpool brand is dedicated to creating ENERGY STAR(R) qualified appliances like the Duet(R) Steam washer, which uses up to 73 percent less water and 77 percent less energy than conventional washers -- helping consumers save money and natural resources. Whirlpool is one of Habitat for Humanity's largest corporate partners, donating a refrigerator and range to every new Habitat for Humanity home built in North America. Additional information about the company can be found at http://www.whirlpoolcorp.com/.
About Habitat for Humanity International
Habitat for Humanity International is an ecumenical Christian ministry that welcomes to its work all people dedicated to the cause of eliminating poverty housing. Since its founding in 1976, Habitat has built more than 250,000 houses worldwide, providing simple, decent and affordable shelter for more than 1 million people. For more information, visit http://www.habitat.org/.
About Dallas Area Habitat for Humanity
Dallas Area Habitat for Humanity (DAHfH) is a Christian ministry that builds quality, affordable homes in partnership with deserving families. Habitat's homeownership program is an innovative model that offers low-income families the opportunity to own a home with affordable 0% interest loans. Homes are financed by generous donations from community supporters and largely built by the partner Habitat family with thousands of dedicated volunteers each year. As the largest nonprofit homebuilder in the City of Dallas, Dallas Area Habitat has served 650 low-income families with homeownership since 1986, investing $50 million in 20 neighborhoods of Dallas county to build new homes, neighborhoods and hope.
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Whirlpool Corporation
CONTACT: Audrey Reed-Granger or Whirlpool Corporation, +1-269-923-7557, Audrey_Reed-Granger@Whirlpool.com; or Alyson Buck of Peppercom, +1-212-931-6122, abuck@peppercom.com, for Whirlpool Corporation
Web site: http://www.whirlpoolcorp.com/ http://www.habitat.org/ http://www.whirlpool.com/buildingblocks http://www.whirlpool.com/BuildingBlocksFacebook
Harris Corporation Wins U.S. Mobility Partner of the Year Award at Cisco Partner Summit
FALLS CHURCH, Va., June 2 /PRNewswire-FirstCall/ -- Harris Corporation , an international communications and information technology company, announced today that it is the recipient of a Cisco Partner Summit regional award for Mobility Partner of the Year (Federal). Cisco unveiled the winners April 9, 2008 at its Partner Summit in Honolulu.
"I had the honor and privilege of recognizing Harris Corporation as a Cisco Partner Summit regional award winner," said Wendy Bahr, vice president of U.S. and Canada channels at Cisco. "The Mobility Partner of the Year award recognizes Harris performance and success as a Cisco channel partner across the United States in 2007."
"Harris and Cisco are industry leaders in reliable, secure, mission- critical assured communications, and we are proud to receive this award, which reflects the dedication of the Harris team members and our strong relationship with Cisco," said John Heller, vice president, Harris IT Services. "Working together, Harris and Cisco can provide some of the most advanced, secure wireless communications solutions backed by the highest levels of support."
Cisco Partner Summit awards are presented at three levels-regional, theater and global. Cisco Partner Summit U.S. and Canada regional awards reflect a partner's performance in a given geographic region of the United States or Canada. Partner Summit awards in the Federal category reflect performance across the United States.
Harris IT Services is a leading provider of IT and communications services to defense, intelligence, homeland security, and civil customers. With 3,000 professionals operating at locations worldwide, the business supports large- scale, mission-critical networks with technical expertise and unparalleled customer commitment through the full technology lifecycle.
About Harris Corporation
Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has annual revenue of more than $5 billion and more than 16,000 employees - including nearly 7,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications(R) products, systems, and services. Additional information about Harris Corporation is available at http://www.harris.com/.
Cisco, the Cisco logo, and Cisco Systems are registered trademarks of Cisco Systems Inc. in the United States and certain other countries.
Harris Corporation
CONTACT: CeeCee L. Evans, Harris Information Technology Services, +1-703-480-2615, ceecee.evans@harris.com, or Jim Burke, Corporate Headquarters, +1-321-727-9131, jim.burke@harris.com, or Marc Raimondi, Harris Corporation - Washington, D.C., +1-703-739-1738, marc.raimondi@harris.com
Web site: http://www.harris.com/
xpedx to Exclusively Sell New Ryobi Inline UV Casting and Foiling Technology to U.S. Commercial and In-Plant PrintersRyobi is first to combine inline UV casting and foiling into a single unit; enables high-end offset and package printing on Ryobi's 6-up, multicolor offset presses
KANSAS CITY, Kan., June 2 /PRNewswire/ -- xpedx(R) today announced it will be the exclusive U.S. distributor of a new inline UV casting and foiling system from Ryobi(R) that can help printers produce high-value offset printing, including package printing, on Ryobi's 6-up, multicolor 750 series of offset presses.
(Logo: http://www.newscom.com/cgi-bin/prnh/20061010/NYTU044LOGO )
The new print technology, the first to combine inline casting and foiling into a single unit, is being demonstrated at Drupa 2008 in Dusseldorf, Germany, now through June 11. It will be available for sale in the U.S. later this year.
The new inline UV casting and foiling system was developed for the RYOBI 750 series of 23"x29" presses and will be a new option on those presses ordered in the U.S. through xpedx. The system enables inline UV casting as well as foiling and special hologram effects for printed material with very accurate registration. By adding the UV coating and foiling inline, pressroom productivity may be greatly increased.
The system offers U.S. printers valuable new printing capabilities and shorter job turnaround times. It will be available through xpedx Printing Technologies, the exclusive U.S. distributor of Ryobi-branded offset printing presses. xpedx is North America's largest distributor of printing papers and graphics supplies and equipment.
The new inline UV casting and foiling system gives printers the ability to enter new printing markets. Applications include packaging, advertising and marketing materials, point-of-purchase displays, security printing, novelties, cards, stickers, gift certificates, gift wrap and much more.
About Ryobi Graphic Systems
Ryobi Graphic Systems, East Hiroshima, Japan, is one of the world's largest manufacturers of sheetfed offset printing presses. Ryobi offers multi-functional offset presses, hardware, software and other peripherals. The company is a world leader in high-precision large, mid-size and small presses, DI presses and CIP4-JDF compliant digital workflows. With pressroom installations worldwide, Ryobi presses are respected for their superior print quality, cost-effectiveness, ease of operation, high reliability and precision machining.
About xpedx Printing Technologies
Kansas City, Kansas-based xpedx Printing Technologies offers printing presses, local and rapid-response technical support, press operator training, a large parts warehouse and a newly expanded 20,000 square foot Ryobi Demonstration and Learning Center. The company has a U.S. network of 50 dealers responsible for local sales and service. xpedx has a more than 30- year business relationship with Ryobi, Ltd. and Ryobi Graphic Systems.
xpedx Printing Technologies has a large network of local, factory-trained press technicians in the U.S. to service Ryobi printing presses. The U.S. dealer network provides first-tier support, and is backed up by xpedx Printing Technologies as well as Ryobi Graphic Systems engineers in Japan. Information about Ryobi and xpedx Printing Technologies is on the web at ryobi.xpedx.com. The phone number is 800-553-4980.
About xpedx
Cincinnati, Ohio-based xpedx, a business of International Paper , is one of the largest business-to-business distribution companies in North America. xpedx distributes a wide variety of printing paper, graphics, packaging and janitorial-sanitary supplies and equipment from manufacturers worldwide. Customers include printers and publishers, manufacturers, retailers, governments and facility managers. xpedx also does business with the majority of Fortune 1000 companies.
xpedx has more than 265 locations across the U.S., Canada and Mexico and posted $7.3 billion in 2007 revenues. xpedx operates a network of more than 150 retail paper and graphics stores, as well as a new retail e-commerce site at xpedxstores.com. xpedx is one of the largest providers of post-consumer waste content and recycled printing papers in North America and has chain-of- custody certification from the Sustainable Forestry Initiative(R) (SFI), Forest Stewardship Council(TM) (FSC) and the Program for the Endorsement of Forest Certification(TM) (PEFC) at all of its U.S. locations. For more information about xpedx, visit xpedx.com.
Note: xpedx is a registered trademark of International Paper Company. All other trademarks are the property of their respective owners.
CONTACTS: John Torrey, vice president and general manager, xpedx Printing Technologies, 913-631-8700; Jeff Higgins, corporate director of marketing services, xpedx, 513-965-2923; Press/Analysts: Erik Godchaux, Media Strategy Group, 608-256-4540.
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xpedx
CONTACT: John Torrey, vice president and general manager, xpedx Printing Technologies, +1-913-631-8700; Jeff Higgins, corporate director of marketing services, xpedx, +1-513-965-2923; Press/Analysts: Erik Godchaux, Media Strategy Group, +1-608-256-4540
Web site: http://www.xpedx.com/
Microsoft Releases Microsoft Dynamics AX 2009New ERP solution helps businesses thrive in a competitive global marketplace by controlling costs, managing risk and increasing employee productivity.
REDMOND, Wash., June 2 /PRNewswire-FirstCall/ -- Microsoft Corp. today announced the general availability of Microsoft Dynamics AX 2009, an adaptable business management solution that offers powerful new capabilities to help growing multisite organizations streamline processes, reduce operational costs, manage compliance and drive informed decision-making.
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As businesses expand globally, so does the complexity of managing accurate business insights and standardizing operations across multiple locations. Microsoft Dynamics AX 2009 offers new multisite and shared services capabilities, enabling customers to manage complex financial and supply chain processes more easily. For example, the new software can run multiple legal entities on a central installation and provide a single, integrated view of financial and supply chain information from facilities around the world, helping organizations simplify global planning. Advanced planning and reporting scenarios, such as consolidation and budgeting, are offered through integration with Microsoft Office PerformancePoint Server.
"With its innovative role-based user experience, improved reporting and BI capabilities, and improving platform harmonization, Microsoft Dynamics products should be on ERP selection shortlists for a variety of SMBs, particularly those that use Microsoft's server-based products," wrote R "Ray" Wang of Forrester Research Inc. in the firm's report "Microsoft Dynamics Gets Renewed Focus" in April 2008. "Multisite companies should consider Dynamics AX."
Another business challenge that growing companies face is the increasing pressure to meet global and local regulatory compliance, a complex and costly problem that has been a top priority for chief executive officers and chief financial officers. Microsoft Dynamics AX 2009 delivers core features to help companies limit these risks and lower total cost of compliance, including the following:
-- A compliance center that provides one central, integrated view of
internal controls, key performance indicators (KPIs) and other
compliance data
-- Embedded workflows that automate business processes, enforcing
standard operating procedures to limit organizational risks while
still enabling organizations to quickly respond to changing market
needs
-- Country-specific functionality to help customers more easily comply
with local regulations in 36 countries
"Managing risk is an integral part of my job, and Microsoft Dynamics AX makes my job easier," said John Elmer, vice president, information systems, and controller, the Rodgers & Hammerstein Organization. "I can access critical company information from within the Executive Role Center and see a 360-degree view of our global IT and finance operations, ranging from compliance risks to how the company is tracking against forecasts." The Rodgers & Hammerstein Organization, based in New York, represents a wide variety of entertainment copyrights for more than 200 writers, including Richard Rodgers and Oscar Hammerstein II, through its theatrical, concert and music publishing divisions.
In a fast-paced world, people need software that helps them do their jobs more effectively and with minimal training. To increase productivity and foster more confident decision-making, the RoleTailored design of Microsoft Dynamics AX 2009 gives employees access to critical business data through the following new features:
-- A Role Center that prioritizes tasks and real-time information for a
majority of business functions
-- A user interface that looks and feels like familiar Microsoft Office
software to help employees ramp up quickly, resulting in higher user
productivity and more consistent adherence to business processes
-- Self-service business intelligence tools using Microsoft Business
Intelligence technologies to deliver standard KPIs by role and
simplify end-user reporting, which results in more informed
decision-making and integrity of information across the organization.
Preconfigured KPIs and reports enable customers to start immediately.
"Microsoft Dynamics AX 2009 signals a new chapter in enterprise resource planning (ERP) user productivity," said Mogens Elsberg, general manager for Microsoft Dynamics ERP. "Employees using traditional ERP systems have had to wade through inefficient, time-intensive steps -- enter transactional data, run reports, analyze reports -- before they can do their jobs effectively. Through Microsoft Dynamics AX 2009's Role Center, employees from the executive suite to the warehouse have access to role-relevant business intelligence to help them make decision more efficiently. The Role Center provides a centralized view of each person's prioritized work lists based on their organization's configurable business processes and clearly identifies specific steps to take, thereby optimizing productivity."
Microsoft Dynamics AX 2009 integrates with other leading Microsoft technologies, maximizing the benefits of any company's overall IT investment. Benefits include the following:
-- Enhanced security, reliability and scalability though integration with
Microsoft SQL Server 2008. For example, Microsoft Dynamics AX 2009,
through Microsoft SQL Server 2008, can compress the database size by
40 percent to 60 percent, which can lead to lower hardware and data
maintenance costs.
-- Reduced operational complexity and IT management overhead with
improved control through interoperability with Windows Essential
Business Server 2008
-- Improved ability to manage and administer projects through integration
with Microsoft Office Project Server
-- Easy communication with remote employees, customers and trading
partners through integration with Microsoft unified communications
Availability
Microsoft Dynamics AX 2009 is available in Austria, Canada, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, Malaysia, Mexico, the Netherlands, Norway, Singapore, Spain, South Africa, Sweden, Switzerland, Thailand, the United Kingdom and the United States. It will be available in additional countries at a later date. More information about Microsoft Dynamics AX can be found by visiting http://www.microsoft.com/dynamics/ax or by calling (888) 477-7989 in the U.S. or Canada or +1 (701) 281-6500 worldwide.
About Microsoft Dynamics
Microsoft Dynamics is a line of financial, customer relationship and supply chain management solutions that helps businesses work more effectively. Delivered through a network of channel partners providing specialized services, these integrated, adaptable business management solutions work like and with familiar Microsoft software to streamline processes across an entire business.
About Microsoft
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
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Microsoft Corp.
CONTACT: MeeLin Nakata of Microsoft Corp., +1-425-703-7293, mnakata@microsoft.com; or Rapid Response Team of Waggener Edstrom Worldwide, +1-503-443-7070, rrt@waggeneredstrom.com, for Microsoft Corp.
Web site: http://www.microsoft.com/
Oracle Sets the Date for Its Fourth Quarter and Fiscal Year 2008 Earnings AnnouncementEarnings Results to be Released on June 25, 2008, After the Close of the Market
REDWOOD SHORES, Calif., June 2 /PRNewswire-FirstCall/ -- Oracle Corporation today announced that its fourth quarter and fiscal year 2008 results will be released on Wednesday, June 25, after the close of the market. The company will host a conference call and live web broadcast at 2:00 p.m. (PDT) / 5:00 p.m. (EDT) to discuss the financial results. A live web broadcast of the event will be available on the Oracle Investor Relations website at http://www.oracle.com/investor. Please hold down your control key while pressing refresh to ensure that the weblink is visible.
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About Oracle
Oracle Corporation is the world's largest enterprise software company. For more information about Oracle, please call Investor Relations at (650) 506-4073.
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Oracle Corporation
CONTACT: Investor Relations, Roy Lobo, +1-650-506-4073, investor_us@oracle.com, or Corporate Communications, Deborah Hellinger, +1-650-506-5158, deborah.hellinger@oracle.com, both of Oracle Corporation
Web site: http://www.oracle.com/
Atmel's FingerChip Biometric Sensor Selected by Rise Computer for its Robust Security
SAN JOSE, Calif., June 2 /PRNewswire/ -- Atmel(R) Corporation , an inventor and leading provider of swipe sensor technology and solutions, announced today that its FingerChip(R) fingerprint sensor solution has been selected by Rise Computer, Inc. for its RX5622 LCD PC. Rise will showcase this biometrics-capable LCD PC during 2008 Computex in Taipei, Taiwan.
Atmel's FingerChip solution as a standard feature enhances consumer friendliness in the RX5622 LCD PC by allowing users to conveniently manage user accounts and passwords and protect data via finger swipes. The RX5622 LCD PC features a slim, all-in-one 19" touch screen LCD display integrating the latest Intel Quad Core technology along with other consumer friendly options, such as WiFi(R), Bluetooth(R), built-in speakers, Webcam and TV tuner.
Atmel's FingerChip solution is based on its unique thermal sensing technology. It provides excellent fingerprint image capture, >25kv ESD protection, and superior protection against mechanical and chemical erosion. It works seamlessly with Atmel's Trusted Platform Module for a "one-stop-shop" for PC security.
"We have chosen the Atmel FingerChip solution for its robust fingerprint imaging capabilities and end-to-end design support capabilities," commented Rocky Ma, Director of R&D from Rise. "Its excellent performance against dry, wet, dirty, greasy and other types of difficult fingers guarantees the best of user experience during every day, real life usage scenarios. And we appreciate the integration support from the local Atmel team in Taiwan to ensure the most ergonomic design necessary for the best biometrics performance."
"RX5622 LCD PC from Rise is truly impressive in its ability to pack so many user friendly features along with desktop PC performance in a slick, all- in-one LCD display," said Bruno Charrat, Director of Biometrics Product Line at Atmel. "We are pleased to work with Rise to enhance the overall usability of the LCD PC with our turnkey fingerprint sensor solution optimized specifically for the PC. And we look forward to continue our penetration into the PC market."
Both Atmel and Rise are exhibitors at Computex 2008 in Taipei. Please come to see Atmel's FingerChip and TPM solutions at Booth N027 and Rise's LCD PC at Booth L329a, L330, L331a and L332.
About Atmel
Atmel is a worldwide leader in the design and manufacture of microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with complete system solutions focused on consumer, industrial, security, communications, computing and automotive markets.
About Rise Computer
RISE COMPUTER INC. is one of the leading and innovated designers and quality manufacturers developing high-performance All-In-One LCD Panel PC and IA/IPC Motherboards in the market.
(C) 2008 Atmel Corporation. All Rights Reserved. Atmel(R), logo and combinations thereof, FingerChip(R), and others, are registered trademarks, or trademarks of Atmel Corporation or its subsidiaries. WiFi(R) is a registered trademark of WiFi Alliance. Other terms and product names may be trademarks of others.
Information:
For more information on Atmel's TPM products, go to http://www.atmel.com/products/embedded
For more information on Atmel's FingerChip products, go to http://www.atmel.com/products/biometrics
Press Contacts:
Nancy Moore, Marketing Communications Manager
Tel: (+1) 719 540-3262, Email Nancy.Moore@atmel.com
Helen Perlegos, Public Relations
Tel: (+1) 408 487-2963, Email: hperlegos@atmel.com
Atmel Corporation
CONTACT: Nancy Moore, Marketing Communications Manager, +1-719-540-3262, Nancy.Moore@atmel.com, or Helen Perlegos, Public Relations, +1-408-487-2963, hperlegos@atmel.com, both of Atmel Corporation
Web site: http://www.atmel.com/
Dreambuilder Investments Standardizes on Salesforce and the Force.com Platform-as-a-Service to Run Its Business On DemandMortgage investment and resolution firm uses Salesforce for Financial Services, Partner Portal, the Force.com Platform and the AppExchange to build a customized solution for its business operations
SAN FRANCISCO, June 2 /PRNewswire-FirstCall/ -- Salesforce.com , the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS), today announced that financial services firm Dreambuilder Investments, LLC (DBI) is successfully utilizing Salesforce for Financial Services and the Force.com Platform to run its business on demand. Using Force.com and the AppExchange, DBI rapidly designed and deployed a customized solution that provides a central hub for employees to manage all business activities, regardless of their location. DBI uses Salesforce to track opportunities and customer data; analyze and manage mortgages and financial investments, and share data and common processes with partners -- including lenders, vendors and its distribution network of note buyers. Leveraging the increased visibility into its operational data, Dreambuilder is now able to more efficiently manage its investments and expenses to maximize profitability.
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DBI is one of the 43,600 companies of all sizes, industries and geographies that comprised the salesforce.com customer base as of April 30, 2008. Revenue and subscribers will be recognized as the service is delivered.
"When I first saw Salesforce I knew it was going to allow us to radically improve the way we managed and shared information," said Peter Andrews, CEO and founder of Dreambuilder Investments. "Ultimately, it also streamlined the way we run our business and has played a key role in helping our business grow during the current market turmoil."
Before Salesforce, DBI had an on-premise database that stored rudimentary information about its mortgages and customers. It contracted with a professional services firm to customize the solution, but every time DBI sought to make a change to support its expanding business, it faced a time-consuming and costly engagement with the developers.
DBI used the Force.com Platform to tailor its Salesforce deployment with custom tabs that allow staff to track potential investment opportunities; perform due diligence and analytics and manage a data-intensive mortgage portfolio. The company also leveraged the AppExchange to supplement Salesforce with additional applications, such as:
-- VerticalResponse -- AppExchange application from VerticalResponse
provides self-service email and direct mail solutions, allowing users
to create custom mailing lists of any size, design professional sales &
marketing campaigns and track post-launch statistics
-- PRM Portal -- Partner relationship management solution from
salesforce.com enables companies to collaborate more effectively with
partners to increase channel revenues while driving partner adoption
and loyalty
-- Clicktools -- Clicktools' AppExchange application enables users to
create and update Salesforce information with custom forms, surveys and
landing pages
After deploying and customizing Salesforce, Dreambuilder Investments used Force.com to integrate the solution with a key partner's proprietary vendor management system, so the companies can share information about investments and required service needs along with the status of work completed. DBI also integrated Salesforce with a legacy Oracle database, which enables its staff to get instant access to investment analyses along with other critical mortgage details all within a single Salesforce screen.
"Everyone in our company uses Salesforce; we operate every aspect of our business on it," added Andrews. "With Salesforce, we've found an extremely flexible, efficient and cost-effective way to run our company with minimal commitment to develop and manage an IT infrastructure. The end result is that we're more successful than ever before and Salesforce plays a large part in that success."
About Dreambuilder Investments
Dreambuilder Investments, LLC is a mortgage investment and resolution company based in the financial district of New York City. DBI is engaged in the business of acquiring and liquidating defaulted mortgages bringing liquidity, efficiency and humanity to distressed debt markets. http://www.dreambuilder.net/
Salesforce for Financial Services
More than 1,600 financial services firms around the globe are standardizing on Salesforce in Wealth Management, Banking, Capital Markets, Mortgage, and Insurance. Customers such as AON, BOK Financial Corporation, Chase Paymentech Solutions, E-LOAN, Merrill Lynch, Mizuho Financial Group and Travelex put their trust in the Salesforce Software-as-a-Service customer relationship management (CRM) solution to support their most critical business relationships. Salesforce.com customers have access to the largest ecosystem of partner solutions available via the AppExchange, including mash-ups with pre-integrated financial services partner applications. All of these solutions are built on the Force.com Platform-as-a-Service, the world's most powerful and trusted on-demand platform. For more information, please visit http://www.salesforce.com/fs.
Force.com Platform and the AppExchange
Force.com reinvents the traditional development, deployment and distribution of any business application with Platform-as-a-Service. Developers, customers and partners can use Force.com to easily create a new generation of on-demand applications and deploy them worldwide as a service. Force.com allows applications to be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange marketplace, enabling all the innovation that Force.com unleashes to be easily distributed to the entire on-demand community.
The AppExchange economy continues to expand, with thousands of customers installing thousands of applications via the AppExchange. Customers of all sizes can quickly and easily extend Salesforce with additional on-demand business applications available on the AppExchange, found at http://www.salesforce.com/appexchange.
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 application, 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.
Copyright (c) 2008 salesforce.com, inc. All rights reserved. Salesforce and the "no software" logo are registered trademarks of salesforce.com, inc., and salesforce.com owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.
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salesforce.com
CONTACT: Erin O'Keeffe of salesforce.com, +1-415-536-6150, eokeeffe@salesforce.com
Web site: http://www.salesforce.com/ http://www.dreambuilder.net/
Imation First to Offer 500GB RDX Removable Disk CartridgeLargest Removable Disk Capacity Available for Small and Medium Businesses Providing Unmatched Reliability, Performance and Speed in Half-Terabyte Package
OAKDALE, Minn., June 2 /PRNewswire-FirstCall/ -- Imation Corp. , a worldwide leader in removable data storage, today introduced the first 500GB native capacity cartridge to its line of RDX removable disk cartridges. The RDX system, a low-end tape replacement solution, is designed to provide small and medium-sized businesses (SMBs) with easy and reliable backup, data security and expandable storage. The new 500GB cartridge is the largest available capacity for any removable hard disk solution in use today.
"Imation prides itself on pushing the technology envelope for our users and providing the SMB market with the largest, fastest-performing and cost-effective solution in the market today," said Subodh Kulkarni, vice president, Global Commercial Business, R&D and Manufacturing, Imation. "It is our job to anticipate customer demand and help drive the technology to meet those dynamic storage needs. We are thrilled to extend our RDX offerings to a half terabyte solution to do just that."
Now featuring the largest capacity available today, each RDX disk cartridge houses a high-capacity mobile 2.5-inch hard disk drive in a shock-resistant design to allow the cartridge to sustain a fall from up to one meter. The cartridge is inserted into a dock, which can be connected internally through USB or SATA or externally with USB. The fast transfer rate of up to 45MB/second reduces the typical data backup window from hours to seconds, allowing the user to back up 150GB of data in less than an hour. Unlike tape, which winds sequentially to read data, RDX technology accesses the files in milliseconds, allowing for instant data retrieval. Users protect their technology investment simply by choosing the RDX cartridge capacities now ranging from 80GB to 500GB, which suit their specific applications.
"As a leader in removable storage technology, we have paved an RDX product roadmap that keeps pace with ever-changing customer storage needs," said Steve Georgis, Chief Executive Officer, ProStor Systems. "Once again, we've partnered with Imation to extend our RDX offering into the half-terabyte range offering unmatched capacity, reliability and speed in a proven solution."
A complete data protection solution, the RDX system also includes fully-functioning EMC(R) Retrospect software. The award-winning software installs in minutes and delivers fast backups, accurate restores and full disaster recovery with minimal manual effort or expertise. Further, EMC Retrospect offers government-certified 256-bit AES encryption, the highest level of protection available today.
Imation's RDX Removable Hard Disk Cartridge will be available in June for a manufacturer's suggested retail price (MSRP) of $549.99.
For additional information about Imation's RDX solution go to http://www.imation.com/rdx.
About Imation Corp.
Imation Corp. is the only company in the world solely focused on the development, manufacture and supply of removable data storage products spanning the four pillars of magnetic, optical, flash and removable hard disk storage. With more than 50 years of data storage leadership beginning with the development of the world's first computer tape, in 2006 Imation proudly marked its 10th anniversary as an independent company. In addition to the Imation brand, Imation Corp.'s global brand portfolio includes the Memorex brand, one of the most widely recognized names in the consumer electronics industry, famous for the slogan, "Is it live or is it Memorex?" Imation is also the exclusive licensee of the TDK Life on Record brand, one of the world's leading recording media brands. And as co-developer of Nickelodeon's Npower brand of consumer electronics, Imation helps empower kids of all ages to use the latest technology. Additional information about Imation and its brands is available at http://www.imation.com/ or by calling 1-888-466-3456.
Imation, the Imation logo, Memorex, 'Is it live or is it Memorex?' are trademarks of Imation Corp and its subsidiaries. The TDK Life on Record logo is a trademark of TDK Corporation. All other trademarks are property of their respective owners.
Imation Corp.
CONTACT: Mary Rawlings-Taylor of Imation Corp., +1-651-704-6796, mjrawlings-taylor@imation.com; or Jamie Ernst, +1-210-495-5757, jernst@brodeur.com, or Lisa Grau, +1-760-635-8640, lgrau@brodeur.com, both of Brodeur for Imation Corp.
Web site: http://www.imation.com/
Essex County Residents Benefit from Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Calling, Data Access and Music as Area Businesses and Consumers Increasingly Rely on All-in-One Wireless Devices
MORRISTOWN, N.J., June 2 /PRNewswire/ -- Wireless calling, text messaging and surfing the Mobile Web for email and information now are easier and faster for Verizon Wireless customers in Essex County, thanks to the activation of the company's new cell site in Belleville.
The new Essex County cell site improves network coverage and capacity along Union Avenue from Malone Avenue to Belleville Avenue, and along Holmes Street from High Street to Mount Prospect Avenue.
With the improved network coverage, more customers can use their wireless phones to send and receive email and text, picture and video messages; view high-quality videos; and access turn-by-turn directions, while enjoying clearer reception and fewer dropped calls.
"Reliable networks aren't built overnight," said Pat Devlin, president of the company's New York/New Jersey Metro Region. "Today's wireless customers demand so much more than voice service and this network expansion reflects our ongoing commitment to stay ahead of the curve. New and exciting multimedia devices, like the new enV2(TM) by LG for on-the-go texters and music fans equipped with a full QWERTY keyboard, now enable customers to carry PC-functionality in the palms of their hands. We will continue to efficiently invest in network enhancements to deliver the most reliable voice, data and multimedia services available."
Verizon Wireless has invested over $2 billion to enhance its New York/New Jersey Metro network and more than $45 billion across the nation since it was formed, to stay ahead of the growing demand for the company's voice, data and mobile entertainment services, like VZ Navigator(SM) (Version 4), which provides audible turn-by-turn directions and real time traffic information; V CAST Mobile TV, offering broadcast quality mobile television; and V CAST Music which allows customers to download full songs directly to their V CAST-capable wireless phones and Microsoft(R) Windows(R) XP-based PCs.
Demand for Verizon Wireless services continued during the first quarter of 2008 when the company added 1.5 million new customers, and continued its industry-leading customer loyalty rates. Verizon Wireless now serves more than 67.2 million customers nationwide. During the first quarter, the company delivered nearly 58 billion text messages and completed 34.6 million video and music downloads.
In the New York Metro area, 100 percent of Verizon Wireless' EVDO network has been upgraded with faster Revision A technology. Customers who use the company's flagship business data service, BroadbandAccess, now can interact with Web-based applications and access e-mail, everyday corporate data and the Internet at the highest wireless speeds available.
Nationally, Verizon Wireless' real-life test men and women drive 98 specially equipped vehicles nearly one million miles each year on Interstate, US and state highways as well as major roads and surface streets in high-population areas, based upon US 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.
For more information on Verizon Wireless, please visit http://www.verizonwireless.com/.
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: David Samberg of Verizon Wireless, +1-845-365-7212, david.samberg@verizonwireless.com, or Gisela Lopez, +1-973-968-7928, gisela.lopez@vivianipr.com, for Verizon Wireless
Web site: http://www.verizonwireless.com/ http://www.verizonwireless.com/multimedia
Optical Cable Corporation Acquires SMP Data CommunicationsTransaction Broadens Optical Cable's Product Line and Builds on its Position as a Leading Provider of Fiber Optic Cables in the Enterprise Market
ROANOKE, Va., June 2 /PRNewswire-FirstCall/ -- Optical Cable Corporation announced today that it has acquired Superior Modular Products Incorporated (doing business as SMP Data Communications), a leading supplier of fiber optic and copper connectivity products for the data communications industry. The transaction was consummated on May 30, 2008, and now SMP Data Communications is a wholly owned subsidiary of Optical Cable Corporation.
Optical Cable Corporation acquired SMP Data Communications from Preformed Line Products Company for a purchase price of $11.5 million, subject to certain minimum working capital requirements and related purchase price adjustments. The transaction was effected by an Agreement and Plan of Merger, dated May 30, 2008, whereby SMP Data Communications merged with a newly formed wholly owned subsidiary of Optical Cable Corporation.
"Our long-term strategy for Optical Cable includes expanding our product offerings to provide our customers with more complete cabling and connectivity solutions. This acquisition builds on Optical Cable's strong presence in the enterprise market and is a major step toward fulfilling our long-term vision for Optical Cable," stated Neil Wilkin, President and CEO of Optical Cable Corporation.
SMP Data Communications will broaden Optical Cable's product offering to include a fiber optic and copper connectivity. SMP Data Communications manufactures more than 2,000 products including high performing enhanced Category 5e systems, high-density fiber optic enclosures, and cutting edge Category 6a connectivity solutions offering 10 Gig throughput.
"SMP Data Communications is an internationally respected and industry-leading innovator in copper and fiber optic connectivity products. Optical Cable now has the fiber optic and copper connectivity products necessary for us to offer an integrated suite of high quality cabling and connectivity solutions," stated Mr. Wilkin.
Founded in 1990, SMP Data Communications is located near Asheville, North Carolina, and employs a total of approximately 120 persons, including manufacturing and office personnel. SMP Data Communications net sales (unaudited) were approximately $21.0 million for calendar year 2007.
Financing
On May 30, 2008, Optical Cable Corporation established $17.0 million in credit facilities with Valley Bank of Roanoke, Virginia in connection with the acquisition of SMP Data Communications. Approximately $8.7 million in bank debt financing was used in connection with the transaction, with the remaining purchase price and expenses funded with available cash. After the acquisition, Optical Cable has additional unused and available bank financing of approximately $8.3 million.
"Our new bank credit facilities increased our borrowing capacity to $17.0 million, up from our previous $13.5 million in credit from Valley Bank," stated Tracy Smith, Chief Financial Officer of Optical Cable Corporation. "Our strong, debt-free balance sheet has enabled us to fund prior capital expenditures and investments from operating cash flow. This made it possible to finance the acquisition of SMP Data Communications with bank financing, while maintaining appropriate financial flexibility for Optical Cable," Ms. Smith added.
Leadership
Bill Reynolds, previously the general manager of SMP Data Communications, will continue in his leadership role, serving as President of SMP Data Communications. Mr. Reynolds will also serve as a Senior Vice President of Optical Cable Corporation with responsibilities for sales in the U.S. for both Optical Cable Corporation and SMP Data Communications products.
Mr. Wilkin will serve as Chairman and CEO of SMP Data Communications, in addition to his existing position as Chairman, President and CEO of Optical Cable Corporation.
Ms. Smith will serve as Chief Financial Officer of SMP Data Communications, in addition to her existing position as Chief Financial Officer of Optical Cable.
Michael Newman, Vice President of International Sales for Optical Cable Corporation, will now have responsibilities for sales outside of the U.S. for both Optical Cable Corporation and SMP Data Communications products.
Mr. Reynolds' and Mr. Newman's teams, which will include both SMP Data Communications and Optical Cable Corporation sales and marketing professionals, will also share certain other marketing and sales operations responsibilities.
"We look forward to welcoming the talented men and women of SMP Data Communications, including its experienced management team, to the Optical Cable team," stated Mr. Wilkin.
About Optical Cable Corporation
Optical Cable Corporation is a leading manufacturer of fiber optic cables primarily sold into the enterprise market, and the premier manufacturer of military ground tactical fiber optic cables for the U.S. military. Founded in 1983, Optical Cable Corporation pioneered the design and production of fiber optic cables for the most demanding military field applications, as well as fiber optic cables suitable for both indoor and outdoor use. The Company's current broad product offering is built on the evolution of these fundamental technologies, and is designed to provide end-users with fiber optic cables that are easy and economical to install, provide a high degree of reliability and offer outstanding performance characteristics. Optical Cable Corporation sells its products worldwide for uses ranging from commercial and campus installations to customized products for specialty applications and harsh environments, including military applications. The Company manufactures its high quality fiber optic cables at its ISO 9001:2000 registered and MIL-STD-790F certified facility located in Roanoke, Virginia.
Further information about Optical Cable Corporation is available on the World Wide Web at http://www.occfiber.com/.
About SMP Data Communications
SMP Data Communications, headquartered near Asheville, North Carolina, is internationally recognized for its role in establishing the world's data communications standards, through its innovative and patented technologies. SMP, founded in 1990, manufactures and develops copper and fiber passive connectivity hardware components for use in commercial and residential applications. The company is a wholly owned subsidiary of Optical Cable Corporation .
Further information about SMP Data Communications is available on the World Wide Web at http://www.smpdata.com/.
FORWARD-LOOKING INFORMATION
This news release by Optical Cable Corporation (the "Company") may contain certain forward-looking information within the meaning of the federal securities laws. The forward-looking information may include, among other information, (i) statements concerning the Company's outlook for the future, (ii) statements of belief, anticipation or expectation, (iii) future plans, strategies or anticipated events, and (iv) similar information and statements concerning matters that are not historical facts. Such forward-looking information is subject to risks and uncertainties that may cause actual events to differ materially from the Company's expectations. Factors that could cause or contribute to such differences include, but are not limited to: the level of sales to key customers, including distributors; timing of certain projects and purchases by key customers; the economic conditions affecting network service providers; corporate and/or government spending on information technology; actions by competitors; fluctuations in the price of raw materials (including optical fiber); the Company's dependence on a single manufacturing facility; the Company's ability to protect its proprietary manufacturing technology; market conditions influencing prices or pricing; the Company's dependence on a limited number of suppliers; the loss of or conflict with one or more key suppliers or customers; an adverse outcome in litigation, claims and other actions, and potential litigation, claims and other actions against the Company; an adverse outcome in regulatory reviews and audits and potential regulatory reviews and audits; adverse changes in state tax laws and/or positions taken by state taxing authorities affecting the Company; technological changes and introductions of new competing products; changes in end-user preferences for competing technologies, including copper cable and wireless, relative to fiber optic cable; economic conditions that affect the telecommunications sector, certain technology sectors or the economy as a whole; terrorist attacks or acts of war, and any current or potential future military conflicts; changes in the level of military spending by the United States government; ability to retain key personnel; inability to recruit needed personnel; poor labor relations; the impact of changes in accounting policies, including those by the Securities and Exchange Commission and the Public Company Accounting Oversight Board; the Company's ability to successfully comply with, and the cost of compliance with, the provisions of Section 404 of the Sarbanes-Oxley Act of 2002 or any revisions to that act which apply to the Company; impact of future consolidation among competitors and/or among customers adversely affecting the Company's position with its customers and/or its market position; actions by customers adversely affecting the Company in reaction to the expansion of its product offering in any manner, including, but not limited to, by offering products that compete with its customers, and/or by entering into alliances with, and/or making investments in or with, parties that compete with and/or have conflicts with customers of the Company; adverse reactions by customers, vendors or other service providers to unsolicited proposals regarding the acquisition of the Company by another company; the additional costs of considering and possibly defending the Company's position on such unsolicited proposals regarding the acquisition of the Company by another company; impact of weather or natural disasters in the areas of the world in which the Company operates and markets its products; economic downturns and/or changes in market demand, exchange rates, productivity, or market and economic conditions in the areas of the world in which the Company operates and markets its products, and its success in managing the risks involved in the foregoing. The Company cautions readers that the foregoing list of important factors is not exclusive and the Company incorporates by reference those factors included in current reports on Form 8-K.
AT THE COMPANY:
Neil Wilkin Tracy Smith
President & CEO Vice President & CFO
(540) 265-0690 (540) 265-0690
investorrelations@occfiber.com investorrelations@occfiber.com
Bill Reynolds Michael Newman
Senior Vice President of Sales Vice President of Sales
(828) 298-2260 (540) 265-0690
sales@occfiber.com sales@occfiber.com
AT JOELE FRANK, WILKINSON BRIMMER KATCHER:
Andrew Siegel Jaime Wert
(212) 355-4449 ext. 127 (212) 355-4449 ext. 173
asiegel@joelefrank.com jwert@joelefrank.com
Optical Cable Corporation
CONTACT: Neil Wilkin, President & CEO, +1-540-265-0690, investorrelations@occfiber.com; Tracy Smith, Vice President & CFO, +1-540-265-0690, investorrelations@occfiber.com; Bill Reynolds, Senior Vice President of Sales, +1-828-298-2260, sales@occfiber.com; Michael Newman, Vice President of Sales, +1-540-265-0690, sales@occfiber.com, all of Optical Cable Corporation; Andrew Siegel, +1-212-355-4449 ext. 127, asiegel@joelefrank.com; Jaime Wert, +1-212-355-4449 ext. 173, jwert@joelefrank.com, both of Joele Frank, Wilkinson Brimmer Katcher
Web site: http://www.occfiber.com/ http://www.smpdata.com/
Irvine Sensors Developing Battery Replacement Technology
COSTA MESA, Calif., June 2 /PRNewswire-FirstCall/ -- Irvine Sensors Corporation today announced that it is developing a proprietary micro-electromechanical system ("MEMS") device usable for portable power generating units that could replace batteries. Dubbed the Microcombuster(TM) power supply by Irvine Sensors, the heart of the system under development is a miniature internal combustion device that burns lighter fluid or other common combustibles and is reusable. The Microcombuster is projected to have significantly greater energy density than Lithium-Ion batteries in a comparable size and form factor. The Irvine Sensors development program is focused on potential military applications and is supported by various government agencies. With the increasing reliance on portable electronic equipment by modern military forces, battery supply and replacement is a major logistics and economic challenge. It is estimated that a U.S. soldier expends about one AA battery per hour in combat. In the government's fiscal 2003 and 2004, approximately $425 million was spent on batteries for use by individual soldiers.
If development milestones are successfully achieved, Irvine Sensors expects to have pre-production prototypes of the Microcombuster suitable for military applications before the end of 2009. Deployment for military uses is expected to result in economics suitable for widespread commercial application.
John Carson, Irvine Sensors' CEO said, "Throw-away batteries are a major source of environmental waste and current reusable ones are inefficient. The Microcombuster addresses both of those concerns and puts us on the threshold of some major market opportunities."
Irvine Sensors Corporation (http://www.irvine-sensors.com/), headquartered in Costa Mesa, California, is a vision systems company engaged in the development and sale of miniaturized infrared and electro-optical cameras, image processors and stacked chip assemblies, the manufacture and sale of optical systems and equipment for military applications through its Optex subsidiary and research and development related to high density electronics, miniaturized sensors, optical interconnection technology, high speed network security, image processing and low-power analog and mixed-signal integrated circuits for diverse systems applications.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This message may contain forward-looking statements based on our current expectations, estimates and projections about our industry, management's beliefs, and certain assumptions made by us. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "think", "may," "will" and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, our ability to meet the developmental requirements of the Microcombuster system. Such statements speak only as of the date hereof and are subject to change. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Important factors that may cause such a difference include, but are not limited to, the availability of sufficient working capital to support fulfillment of our contracts; government budgetary considerations and the timing of government billing and procurement practices; the timing, rescheduling or cancellation of our Microcombuster development contracts; our ability to specify, develop, complete, introduce, market and manufacture new technologies and products in a cost-effective and timely manner; evolving technology and industry standards, and our ability to adapt to and integrate any necessary changes to comply with such new technologies or standards; the availability and pricing of competing technologies and products and other competitive pressures; the effects of international conflicts, natural disasters, public health emergencies and other events beyond our control; and the general economic and political conditions and specific conditions that may impact our operations. Further information on Irvine Sensors Corporation, including additional risk factors that may affect our forward looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K and our other SEC filings that are available through the SEC's website (http://www.sec.gov/).
Irvine Sensors Corporation
CONTACT: Investor Relations of Irvine Sensors Corporation, +1-714-444-8718, investorrelations@irvine-sensors.com; or John Baldissera of BPC Financial Marketing, 1-800-368-1217, for Irvine Sensors Corporation
Web site: http://www.irvine-sensors.com/
China Telecom Americas Announces Trans-Pacific Express (TPE) Cable LaunchTPE Undersea Cable Linking China and North America Increases Capacity by More Than 60 Times
HERNDON, Va., June 2 /PRNewswire-FirstCall/ -- China Telecom, Asia's largest fixed-line telecommunications company, working with four other TPE Consortium team members, is to complete the project in Q3. China Telecom Americas, the largest international subsidiary of China Telecom Limited, announce the presale of the Trans-Pacific Express product to meet advanced applications and requirements. The cable, a $500 million investment of the consortium team, led by China Telecom, is 13,000 miles long and will carry 2.56 Terabits per second.
The Trans-Pacific Express Cable (TPE) is the first next-generation undersea optical cable system directly linking the United States and China, and the first major undersea system to land on the U.S. West Coast in more than seven years. TPE will be more than 60 times the overall capacity of the existing cable directly linking the United States and China, and, thus, will be a major enhancement to the current cable systems between the two nations. This next-generation undersea system, coupled with China Telecom's other undersea and terrestrial cables, will provide its multinational customers doing business in Asia with data services that operate at faster speeds, with increased reliability and extensive route diversity.
"China Telecom Americas is committed to meet and exceed the needs of its global customers and their mission critical operations," commented Donald Tan, President, China Telecom Americas. He continued, "By being a leading member of the consortium to construct TPE, China Telecom will soon be able to provide greater capacity and higher speeds to meet the dramatic increasing demand for IP, data and voice communications traffic between the Americas and China and within the region." The cable is designed to support future Internet growth and advanced applications such as e-commerce and video.
The five landing points for the TPE cable include two in China, Chongming in Shanghai, Qingdao in Shandong Province and one in the United States, Nedonna Beach in Oregon.
About China Telecom Americas
China Telecom Americas, a wholly-owned US-based subsidiary of China Telecom Corp. Ltd. , is an international telecom provider for Data, IP and Voice Wholesale services to multinational companies, organizations and international carriers requiring China domestic services and International access to China & Asia Pacific. With headquarters in Herndon, Virginia, and offices in Boston, Chicago, Houston, Los Angeles, New York, San Jose, and Toronto, Canada, China Telecom Americas continues to expand its reach, including Latin America. China Telecom Americas provides a locally based, one-stop-shop, turn-key solution for everything from China domestic and international data circuits to IDC services, network management, equipment management, system integration, and much more.
About China Telecom Corporation Limited
China Telecom Corporation Limited ("China Telecom" or the "Company") is the world's largest fixed-line telecommunications and broadband services provider, providing telecommunications and information services covering voice, data, image and multimedia mainly in 20 provinces, municipalities, and autonomous regions in China, with more than 220 million fixed line subscribers and 35 million broadband subscribers. Its H shares and American Depositary Shares ("ADSs") are listed on The Stock Exchange of Hong Kong Limited and the New York Stock Exchange respectively.
For additional information on China Telecom Americas or China Telecom Corporation Limited, please visit http://www.ctamericas.com/.
China Telecom USA
CONTACT: Lana Bian of China Telecom USA, +1-703-787-0088, lbian@ctamericas.com
Web Site: http://www.ctamericas.com/
CCID Consulting: Aigo Has the Largest Sales Volume in China's Digital Photo Frame in 2008Q1
BEIJING, June 2 /Xinhua-PRNewswire/ -- CCID Consulting, China's leading research, consulting and IT outsourcing service provider, and the first Chinese consulting firm listed in Hong Kong (Hong Kong Stock Exchange: HK08235), recently released an article on China's digital photo frame market in 2008Q1.
With a Rapidly Developing Global Market, China's Digital Photo Frame Industry is Gradually Activated
Digital photo frame entered China as a concept product 7 years ago. As a derivative product of digital camera and the Internet, digital photo frame has been accepted by more and more consumers. The demands in global digital photo frame market are exuberant in 2007, and the shipment in 2007 has broken through 10 million sets. But in China, digital photo frame emerged in the market as early as 2006, with an industrial chain started in 2007, and consumers have been contacting and understanding this new product since. Generally speaking, digital photo frame market is still at the initial stage.
Table 1: The Size & Growth of Global and China's Digital
Photo Frame Market, 2005-2007
2005 2006 2007
Global Sales Volume
(Unit: 10,000 Sets) 22.5 211.6 1022.2
Growth Rate -- 840.4% 383.1%
China's Sales Volume
(Unit: 10,000 Sets) 1.7 9.7 17.5
Growth Rate -- 470.6% 80.4%
Source: CCID Consulting, April 2008
Quality of Products Varies; Consumers Pay more Attention to Quality and Price
There are more than fifty digital photo frame brands in China. Different products have different qualities and prices. The major manufacturers' brand effect has not played its proper effect, and the market is still in a state of fluctuation. Small brands' digital photo frames adopt mimic panel with common quality, whose resolution is 480¡Á234, image definition is not very good and price is low. Major brands' products adopt high quality digital screen, with a resolution of 800¡Á480 and relatively high prices, the quality and prices are higher than consumers' psychological expectation for these products, which results in the sales volume of China's digital photo frame market at a standstill, so many manufacturers have no choice but to focus on the mature overseas market.
Industrial Purchase is Still Sales Brunt, Terminal Market to be Developed
Digital photo frame has stepped into a fast development track in China in 2007. Samsung, Philips and ViewSonic launch many products; various brands' agents start to roll out channels in China's market. However, digital photo frame belongs to high-end consumer goods, and manufacturers don't have sufficient cultivation to China's market and lack necessary advertising investment and activity propaganda, which lead to consumers' low recognition. Many consumers consider that digital photo frame's function is single and its price is expensive, so consumers could not accept digital photo frame in short-term. Consumer group still centralizes in industrial purchase, which includes financial institutes, insurance institutes, petroleum institutes and government organizations. The share of industrial purchase accounts for 80% of China's digital photo frame in 2007. Industrial purchase could not maintain digital photo frame's long-term rapid development, so manufacturers should develop a terminal market.
Aigo Has the Largest Sales Volume in China's Digital Photo Frame, Next are Samsung and ViewSonic
As for brand pattern, currently, China's market is not mature, so industrial purchase has decisive significance to brand pattern; however, industrial purchase's instability results in the change of market pattern. According to current development situation, Aigo, Samsung and ViewSonic have the dominant situation in China's digital photo market, which account for 2/3 of the total market.
Table 2: China's Digital Photo Frame Brand Market Pattern in 2008Q1
Ranking Brand Sales Volume Market Share
(10,000 Sets)
1 Aigo 3.6 34.7%
2 Samsung 2.7 26.3%
3 ViewSonic 1.9 18.4%
4 Philips 1.0 9.8%
5 GADMEI 0.7 6.5%
Others -- 0.4 4.3%
Total 10.4 100%
Source: CCID Consulting, April 2008
As for industrial purchase, Aigo acquires China Petrochemical Coporation's purchase orders, and it has the largest sales volume in China's digital photo frame in 2007. By means of the activity of China Petrochemical Coporation, Aigo further improves its brand popularity and reputation. Under powerful technical support, Samsung's digital photo frame products have advanced definition and color expression as the aspects of photo and video. Because of functional innovation, Samsung plays an important role in China's digital photo frame market. ViewSonic has cost advantage in raw materials purchasing. As important brand in display field, ViewSonic has good reputation; especially it adopts Nature Skin technology in digital photo frame, which makes the color more actual, so its cost advantage and technical advantage lay foundation for digital photo frame. ViewSonic has large development space in China's market.
China's Digital Photo Market Deserves Expectation in the Future
Generally speaking, China's digital photo frame market will break through in 2008. The whole market's demands will increase to 500 thousand sets; the size of home digital photo frame panel will expand to 8"-10". It is forecasted that digital photo frame will become the developing and application focus of small and medium panel market. China's digital photo frame market will gradually trend to mature stage in future years; the demands and sales volume will have rapid growth; the enterprises in digital photo frame industrial chain will have great business opportunities. With product prices' gradual fall, this rapid development trend will be more obvious and China's market will have great development space.
About CCID Consulting
CCID Consulting Co., Ltd (hereinafter known as CCID Consulting), the first Chinese consulting firm listed in the Growth Enterprise Market of the Stock Exchange (GEM) of Hong Kong (stock code: HK08235), is directly affiliate to China Center for Information Industry Development (hereinafter known as CCID Group). Headquartered in Beijing, CCID Consulting has so far set up branch offices in Shanghai, Guangzhou, Shenzhen, Wuhan and Chengdu, with over 300 professional consultants after many years of development. The company's business scope has covered over 200 large and medium-sized cities in China.
Based on the major competitiveness of the powerful the industrial resources, information technology and data channels, CCID Consulting provides customers with public policy establishment, industry competitiveness upgrade, development strategy and planning, marketing strategy and research, HR management, IT programming and management. Her customers range from industrial users in electronics, telecommunications, energy, finance, automobile, to government departments at all levels and diversified industrial parks. CCID Consulting commits herself to become the No.1 advisor for enterprise management, the No.1 consultancy for government decision and the No.1 brand for informatization consulting.
For more information, please contact:
Cynthia Liu
Coordinating Manager
CCID Consulting Co., Ltd.
Tel: +86-10-8855-9080
Email: liuyan@ccidconsulting.com
CCID Consulting Co., Ltd.
CONTACT: Cynthia Liu, Coordinating Manager of CCID Consulting Co., Ltd., +86-10-8855-9080, or liuyan@ccidconsulting.com
Significant Enhancements Rolled Out With 3.6 Version of Retail Online from S1 Enterprise
MIAMI and NORCROSS, Ga., June 2 /PRNewswire-FirstCall/ -- S1 Enterprise Customer Conference -- S1 Enterprise, a division of S1 Corporation and a leading global provider of customer interaction software solutions, today announced that significant enhancements are now available as part of the 3.6 version of its S1 Personal Banking, S1 Business Banking and S1 Application Manager solutions.
For the first time, the 3.6 release offers a converged and continuous feature set from S1 Personal Banking through S1 Business Banking. This promotes more flexible packaging of online banking features and functionality for targeted customer groups using the S1 Application Manager. "We are really excited by the opportunity this enhanced version of S1 Enterprise offers to our customers," said Jerry Silva, VP, Product Strategy, S1 Enterprise. "They can implement traditional consumer and business banking; family banking with user entitlements; or consumer banking enhanced with wire transfers. Financial institutions can now create "premium" online banking experiences based on the needs of their local markets." These changes are the foundation for further enhancements to support more flexible and comprehensive segmentation that will be delivered in the 3.7 release, expected later this year.
Additional enhancements in the 3.6 release include a new "My Bank" landing page to enhance the customer experience by introducing a single screen from which nearly 80% of typical online banking activity can be accomplished, more marketing space, and dedicated areas for customers to view quick lists of payments, transfers and notifications, or to take immediate action on required approvals.
"After talking to our customers and the analyst community, we believe we are delivering a unique offering through this product release that the marketplace has been seeking," said Neil Underwood, General Manager, S1 Enterprise Americas -- Retail Online. "The Retail Online suite of products is but one portion of our enterprise portfolio, along with leading corporate banking, trade finance, branch and call center solutions. While we focus on best of breed point solutions, a multi-channel offering enables us to deliver real value to our customers, translating to significant cost savings and increased revenue."
About S1 Enterprise
More than 100 banks and three million consumer, small business, and corporate users worldwide rely on S1 Enterprise solutions to access and manage their financial information. A division of S1 Corporation , S1 Enterprise is a leading provider of integrated banking solutions that deliver financial service providers a holistic view of their customers whether online, in the branch or in the call center. Additional information about S1 Enterprise is available at http://www.s1enterprise.com/.
About S1 Corporation
S1 Corporation delivers customer interaction software for financial and payment services and offers unique solution sets for financial institutions, retailers and processors under three brand names: Postilion, S1 Enterprise and FSB Solutions. Additional information about S1 solutions is available at http://www.s1.com/, http://www.postilion.com/, http://www.s1enterprise.com.com/, and http://www.fsb-solutions.com/.
Forward-Looking Statements
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act. These statements include statements with respect to our financial condition, results of operations and business. The words "believes," "expects," "may," "will," "should," "projects," "contemplates," "anticipates," "forecasts," "intends" or similar terminology identify forward-looking statements. These statements are based on our beliefs as well as assumptions made using information currently available to us. Because these statements reflect our current views concerning future events, they involve risks, uncertainties and assumptions. Therefore, actual results may differ significantly from the results discussed in the forward-looking statements. The risk factors included in our reports filed with the Securities and Exchange Commission (and available on our web site at http://www.s1.com/ or the SEC's web site at http://www.sec.gov/) provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Except as provided by law, we undertake no obligation to update any forward-looking statement.
S1 Corporation
CONTACT: Jennifer Koon of Michael Mackenzie Communications, +1-770-645-7990, jenniferk@michaelmackenzie.com, for S1 Enterprise
Web site: http://www.s1.com/ http://www.s1enterprise.com/
AT&T Study: One in Five U.S. Businesses Does Not Have a Business Continuity Plan in PlaceIT Execs: 'Hacking' Will Be Most Significant Threat to Cybersecurity in the Next Five Years
SAN ANTONIO, June 2 /PRNewswire-FirstCall/ -- Despite the man-made and natural disasters that are a reality today, many businesses are not fully prepared to maintain their business operations in the event of an emergency, according to an annual AT&T Inc. study on business continuity and disaster recovery preparedness for U.S. businesses in the private sector.
According to the report, one in five businesses does not have a business continuity plan developed. Additionally, for the third year in a row, the national survey finds that nearly 30 percent of U.S. businesses do not consider business continuity planning a priority.
For the seventh consecutive year, AT&T's Business Continuity Study surveyed IT executives from companies throughout the United States that have at least $25 million in annual revenue to get their views on disaster planning and business continuity trends.
Other key findings from the 2008 AT&T Business Continuity Study include:
-- Security continues to be key. Even though organizations have learned
how to better recognize and even deal with worms, viruses and other
threats, there's no question that security remains a critical concern.
Two-thirds of IT executives predict that hacking will emerge as the
most significant threat to cybersecurity in the next five years. The
next most frequently mentioned threats are internal, including
accidents (56 percent), sabotage (47 percent) and remote workers
(44 percent).
-- Organizations may evolve, but business continuity plans are left
untouched. Six out of 10 companies have made some type of business
change in the past year that would warrant updating their business
continuity plans. However, only 28 percent updated the plans because of
any of the changes. Business changes cited by respondents include
initiated new or expanded marketing efforts, expanded office space or a
moved office, initiated new or expanded online or digital customer
service or ordering capabilities, or the company made an acquisition or
merged.
-- Simplicity is important with hosted solutions. Even though a hosted
environment can provide a company with the resources it needs to
continue its business operations, businesses have concerns. Sixty
percent of IT executives view security, reliability and cost as their
top concerns when thinking about using a hosted environment, and 37
percent are concerned about complexity.
-- Too much information, not enough space to store it. More than
one-fourth (28 percent) of IT executives have experienced problems in
the past year with insufficient storage space on their company's
computers or servers for virtual records.
-- Employee communication is critical. The vast majority (79 percent) of
companies surveyed have special arrangements for communicating with key
executives during a natural disaster. Although 80 percent of companies
have automated text messaging or e-mail capabilities to reach employees
outside of work, only 39 percent of companies have automated calling
systems to reach those employees by telephone or mobile phone.
"Businesses of all sizes need to be vigilant about business continuity planning, especially in light of the fact that day-to-day demands of running a business are mounting," said Bill Archer, chief marketing officer-AT&T Business. "However, a business continuity plan is not enough and in fact, not all companies have one in place. Organizations must regularly test and update their plans to reflect changes in their business so that, in the event of disaster or major security breach, they can be best-prepared to restore and maintain key processes and operations."
AT&T brings its own business continuity and disaster recovery expertise in running and managing some of the world's largest and most complex networks -- including its own -- to businesses worldwide.
AT&T offers a wide array of business continuity services, encompassing disaster planning, risk management, recovery preparedness and communications readiness. AT&T Business Continuity Services are comprehensive, providing enterprises with business-impact analysis, risk assessments, a full continuum of storage solutions, high-availability network solutions and network and IT security solutions.
The company also conducts Network Disaster Recovery (NDR) exercises several times a year. These are designed to test, refine and strengthen AT&T's business continuity and disaster recovery services in order to minimize network downtime. By simulating large-scale disasters and network service disruptions, AT&T can apply and refine best practices for rapidly restoring communications to government and business customers.
Throughout the past 10 years, AT&T has invested more than $500 million in its NDR program, which includes specially trained managers, engineers and technicians from across the United States, as well as a fleet of more than 150 self-contained equipment trailers and support vehicles that house the same equipment and components as an AT&T data-routing or voice-switching center.
For more information on the AT&T 2008 Business Continuity Study, visit http://www.att.com/biz_continuity_study.
Study Methodology
The 2008 AT&T Business Continuity Study is based on results from a telephone survey of 500 Information Technology (IT) executives in five U.S. metropolitan/regional areas, including Chicago, New York, North Carolina (Charlotte/Raleigh/Greensboro), Seattle/Portland and South-Central Texas (San Antonio, Austin, Houston). The sample of participating companies was drawn from Dun and Bradstreet's business list of companies with at least $25 million in revenue located in each of the five areas. The metropolitan areas are based on DMAs (Designated Market Areas). Interviewing was conducted between April 2 and April 17, 2008, and the interviews averaged 10 minutes in length.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Melissa Mirabile, +1-212-453-2327, mmirabil@attnews.us, or Janet Wyles +1-908-234-6067, wyles@att.com, both of AT&T Inc.
Web site: http://www.att.com/
Wisconsin Department of Transportation Selects Autodesk 3-D Design Tools for Road and Highway DesignTransition to AutoCAD Civil 3D Simplifies Roadway Design Workflow for Quick and Efficient Transportation Infrastructure Development
SAN RAFAEL, Calif., June 2 /PRNewswire-FirstCall/ -- Autodesk, Inc. today announced that the Wisconsin Department of Transportation (WisDOT) will implement AutoCAD Civil 3D software to produce new roadway designs more efficiently and cost effectively. AutoCAD Civil 3D addresses WisDOT's need for a fully integrated and easy-to-use 3-D transportation design solution as they transition from legacy software. This decision was made after a thorough, 18-month evaluation of alternative technologies.
Using AutoCAD Civil 3D software, WisDOT can automate much of the roadway design and documentation process with powerful 3-D information models. These models also allow WisDOT the ability to provide contractors with 3-D proposed surfaces for driving machine control grading projects, saving time and money during construction.
AutoCAD Civil 3D software allows WisDOT's civil engineers, designers, drafters and surveyors parallel access to the same up-to-date model, regardless of location. The software's styles-based drafting means WisDOT can quickly implement design changes and maintain coordinated, reliable information about a project.
"With more than 11,000 miles of state and interstate highways, WisDOT requires an easy-to-use and highly effective roadway design solution," said Bill Goodson, vice president, Autodesk Government. "The AutoCAD Civil 3D solution helps WisDOT -- and transportation agencies like them -- shorten the time to contract letting; reduce errors and omissions; and identify design issues early in the design process. Ultimately, this will allow transportation agencies to significantly reduce change orders and costs during construction."
Autodesk's transportation solutions offer state and local governments the ability to better design and construct infrastructure projects to meet community needs. Through an integrated workflow built on coordinated, reliable information, Autodesk solutions enable transportation departments to easily create and share digital design information and documentation; use that information to accurately visualize, simulate, and analyze performance and cost; and reliably deliver their projects faster and more economically.
About Autodesk Government
Autodesk Government is a dedicated organization within Autodesk that has served the needs of federal and state/local government agencies for more than 20 years. Autodesk Government delivers software solutions that integrate geospatial, manufacturing, design and engineering data with other critical information to reduce the time it takes to make informed decisions. In roles that include emergency response management, physical infrastructure design and protection, mission rehearsal, simulation and training, and asset tracking, Autodesk Government is a trusted partner to help agencies ensure mission success.
About Autodesk
Autodesk, Inc. is the world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art digital prototyping solutions to help customers experience their ideas before they are real. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation. For additional information about Autodesk, visit http://www.autodesk.com/.
Autodesk, AutoCAD, and Civil 3D are registered trademarks or trademarks of Autodesk, Inc., in the USA and/or other countries. All other brand names, product names, or trademarks belong to their respective holders. Autodesk reserves the right to alter product offerings and specifications at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.
(C) 2008 Autodesk, Inc. All rights reserved.
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Contact: Brett Smith, 415-547-2405
Email: brett.smith@autodesk.com
Contact: Jennifer Tumminio, 202-828-9707
Email: jen.tumminio@fleishman.com
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Autodesk, Inc.
CONTACT: Brett Smith of Autodesk, Inc., +1-415-547-2405, brett.smith@autodesk.com; or Jennifer Tumminio, +1-202-828-9707, jen.tumminio@fleishman.com, for Autodesk, Inc.
Web site: http://www.autodesk.com/
Sterling Commerce Selects Palamida to Manage Its Use of Open Source Software
SAN FRANCISCO, June 2 /PRNewswire/ -- Palamida, the industry's first provider of application security for open source, today announced that Sterling Commerce, a subsidiary of AT&T Inc. , has selected Palamida as its solution to manage and secure its use of open source software. By including Palamida solutions in the engineering lifecycle process, Sterling Commerce is taking an important step to reduce the business risks associated with undocumented code.
"We are extremely pleased that Sterling Commerce selected Palamida for managing their use of open source," said Mark Tolliver, CEO of Palamida. "Adoption of open source software has exploded in recent years, and companies are recognizing the need to establish and efficiently manage policies for its use. By doing so, they capture the benefits, but limit the risks associated with its often undocumented inclusion in development projects. With Palamida, Sterling Commerce is now at the forefront of organizations addressing this issue."
Sterling Commerce has provided business process solutions to FORTUNE(R) 500 companies and the world's largest banks for over 30 years. More than 30,000 customers worldwide use their solutions for business process integration, multi-channel selling, and supply chain fulfillment to improve profitability inside and outside their company walls. Headquartered in Columbus, Ohio, Sterling Commerce has offices in 19 countries and most major cities around the world.
"Sterling Commerce is committed to offering the highest quality software," said Steve Aulds, SVP of Engineering. "Open source software can play an important role in delivering high quality software, however, it must be managed to protect our software assets and corporate reputation. Palamida, with its workflow, scanning and audit capabilities, takes open source management to a more efficient level, enabling Sterling Commerce to cost-effectively leverage the use of open source."
The use of open source software has increased as companies take advantage of the time-to-market benefits of the community-driven development model. At the same time, the magnitude of this change requires new development strategies to insure that the contents of mission-critical projects are documented, that known vulnerabilities are addressed, and there is no risk of accidental infringement. This has led leading-edge development organizations, such as Sterling Commerce, to put systems in place to manage and secure their use of open source. As a result, more developers are enabled to use open source components which leads to a more robust and responsive community.
About Palamida
Palamida is the industry's first application security solution exclusively for Open Source Software that uses component-level analysis to quickly identify and track undocumented code and associated security vulnerabilities as well as intellectual property and compliance issues. Palamida solutions enable development organizations to cost-effectively manage and secure mission critical applications and products.
Customers include Avaya, Cisco Systems, EMC, Microsoft, and Sun Microsystems, among others. For more information visit: http://www.palamida.com/.
Palamida
CONTACT: Melisa Bleasdale, cell, +1-408-219-1969, desk, +1-415-777-9400, ext. 140, for Palamida
Web site: http://www.palamida.com/
Customers Take Advantage of Latest Release of Oracle(R) SQL DeveloperNewly Available Oracle SQL Developer Release 1.5 Delivers Integrated Source Code Control Support, Expanded Migration Workbench Capabilities
REDWOOD SHORES, Calif., June 2 /PRNewswire-FirstCall/ --
* Organizations are adopting Oracle(R) SQL Developer, a free database
development and migration tool, to simplify development cycles and
reduce the need to buy third-party tools for developing and
debugging SQL and PL/SQL code.
* The Douglas County School District is the third largest school
district in Colorado, serving more than 50,000 students. It is one
of the fastest growing public school districts, adding an estimated
2,500 students each year for the past five years. The district is
using Oracle SQL Developer on all of their development projects for
basic daily needs such as queries and data analysis as well as
development of all Oracle objects and migrations to production.
* The Total Force Applications Division of the United States Marine
Corps (USMC), based in Kansas City, Missouri, builds large Web
applications on Oracle Databases and uses Oracle SQL Developer as
the standard tool for databases, PL/SQL, tuning SQL, and data
integration and validation.
* Oracle today also announced the general availability of Oracle SQL
Developer Release 1.5. New product features and enhancements
include:
o Source Code Control Integration -- Oracle SQL Developer Release
1.5 introduces tight integration with source code control
systems such as CVS and Subversion enabling database developers
to navigate through their repositories of versioned objects and
edit those files with Oracle SQL Developer;
o Expanded Migration Workbench Support -- the new release now
features Migration Workbench support for Sybase ASE (Releases
12 - 15) in addition to Microsoft SQL Server, Microsoft Access,
and MySQL, offering users a single tool and environment that
helps to reduce the time, costs and risks involved with moving
third-party databases to Oracle;
o Support for Oracle TimesTen In-Memory Database -- Oracle SQL
Developer Release 1.5 enables users to connect to their Oracle
TimesTen In-Memory Databases to browse, create, edit, and
delete Oracle TimesTen In-Memory database objects, run SQL
statements and scripts, execute built-in procedures and
utilities, manipulate and export data, view and produce
reports; and,
o Support for Oracle Database 11g Features -- The PL/SQL
Hierarchical Profiler provides users with a report to see where
time is spent in PL/SQL code and the PL Scope features provides
an extended search capability. Users with access to the
licensed Oracle Diagnostics Pack can run Automatic Workload
Repository (AWR) and Active Session History (ASH) reports.
* The latest release of Oracle SQL Developer also delivers feature
enhancements across the board including enhanced schema copy and
compare wizards that allow database developers to copy objects and
data from one schema to another as well as compare schemas in
databases they have access to.
* Available for Linux, Mac OS X, and Windows platforms, Oracle SQL
Developer is free of charge and is supported for any customer with a
supported Oracle Database license. Terms, conditions, and
restrictions apply. Oracle also offers a free online forum for
registered users to discuss Oracle SQL Developer topics.
* Oracle SQL Developer is available for Oracle Database 11g and is
certified to run against Enterprise Edition, Standard Edition, and
Standard Edition One. The tool is also available for all editions
of Oracle Database 10g and Oracle9i Database Release 2.
Supporting Quotes
"Douglas County School District has been using Oracle SQL Developer for the past year," said Tony Golden, Programmer Analyst, Douglas County School District. "Particularly nice is the ability to have multiple database connections open at the same time and search across all data base objects. It is readily available, easy to install, free, much more robust than our old tool. And it just keeps getting better."
"We've given up all of our licenses for other tools," said Maggie Tompkins, Civilian Marine with USMC, and long-standing member of Oracle Development Tools User Group. "We simply don't need them anymore. Oracle SQL Developer does it all for us. We've saved a lot of money because it's free. It's also given our development staff a standard tool and they love it. It's made training and support easier."
"We have worked closely with the database developer community to better understand its needs and gather requests for product enhancements," said Mike Hichwa, vice president of Software Development, Oracle. "The latest release of Oracle SQL Developer delivers numerous feature enhancements across the board that improve the general usability of the software and overall productivity of its users. In addition, Oracle SQL Developer offers a major new feature in the form of source code control integration further empowering database developers to manage their SQL and PL/SQL texts files from within the tool. This means that all their database development work remains within a single development environment."
Supporting Resources
Oracle SQL Developer Demos and Podcasts
http://www.oracle.com/technology/products/database/sql_developer/files/viewlets.html
http://www.oracle.com/technology/products/database/sql_developer/files/community.html
Related Resources
About Oracle SQL Developer: http://www.oracle.com/technology/products/database/sql_developer/index.html.
About Oracle SQL Developer Migration Workbench: http://www.oracle.com/technology/tech/migration//workbench/index_sqldev_omwb.html
Oracle SQL Developer Online Forum:
http://forums.oracle.com/forums/forum.jspa?forumID=260
To download Oracle SQL Developer, go to: http://www.oracle.com/technology/software/products/sql/index.html
Terms, conditions and restrictions apply.
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
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Oracle
CONTACT: Eloy Ontiveros of Oracle, +1-650-607-6458, eloy.ontiveros@oracle.com; or Kristin Reeves of Blanc & Otus, +1-415-856-5145, kreeves@bando.com, for Oracle
Web site: http://www.oracle.com/
TIENS Group Selects Interwoven to Maximize Online Business Performance and Maintain Brand Consistency WorldwideInterwoven Solutions Will Help Chinese Multinational Corporation Deliver Timely, Relevant Content and Improve the Customer Experience
SAN JOSE, Calif., June 2 /PRNewswire-FirstCall/ -- Interwoven, Inc. , a global leader in content management solutions, today announced that TIENS Group, a multinational corporation with businesses in retail, travel, and finance, has selected Interwoven solutions to maximize the company's online business performance. The Interwoven solutions will also play a key role in enabling TIENS Group to increase brand consistency across its entire Web presence, while at the same time reducing the inefficiencies and costs in its IT department.
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TIENS Group (http://www.tiens.com/) manages 44 national and local Websites in 25 different languages that average 9,000 visitors and 30,000 page hits per day. In the past, TIENS Group managed content and Web pages centrally, where all information was collected at headquarters for review and editing before being released to other offices. However, it became increasingly difficult to globalize and localize TIENS Web pages without local control of content by administrators, and the process made it difficult to deliver relevant and timely content to its Websites. As a result, TIENS Group turned to Interwoven to deliver timely, relevant content and to increase the consistency of their brands worldwide.
TIENS Group selected the Interwoven TeamSite content management solution to establish a distributed content management infrastructure on a global scale, providing centralized control while enabling the local offices the power to drive regional initiatives without significant IT resources. Using Interwoven TeamSite, TIENS Group will be able to ensure brand control and consistency for its Websites in 44 different countries. TIENS Group also plans to integrate TeamSite with TIENS Group's existing Oracle Portal system to effectively extend and improve the value of its core IT assets.
"Our Web strategy is a critical part of our goal to make TIENS Group one of the top 500 businesses in the world, and Interwoven is helping us build international awareness of our brand and drive new business opportunities," said Mr. Yang Yupeng, global vice president of TIENS Group. "Interwoven is helping TIENS Group evolve its Web strategy to engage with customers and distributors. In the future, we plan to distribute content on WAP-enabled phones and via RSS, and integrate with our e-Business, online search, and customer service applications. As we grow, our Interwoven content management platform will help us unlock the power of our content on a global scale."
"With the Interwoven platform, TIENS Group is at the forefront among Chinese companies that are expanding their content management platform to include all corners of the world," said Mr. Mike Chen, managing director of Interwoven Greater China. "As businesses in China continue to experience rapid growth and globalization, they are placing increasing importance on the value of their brand. TIENS Group understands the power of the Web to strengthen its brand and drive global growth. With Interwoven at its core, TIENS Group is determined to grow its business into one of the brands that drive the global economy."
This announcement is another piece of the momentum Interwoven is experiencing in the Asia-Pacific (APAC) region. The TIENS Group selection of Interwoven follows the recent announcement that Interwoven now offers the recently acquired Optimost real-time multivariable testing and Website optimization capabilities to customers in the APAC region. Read more at: http://www.interwoven.com/optimostapac.
Interwoven TeamSite enables businesses to manage content across all internally and externally facing Web-based business applications such as enterprise portals, intranets, self-service applications, public-facing Web sites, and extranets. TeamSite provides content authoring, workflow, archiving, and an intuitive user interface that enables organizations to reduce the cost, time, and risk associated with delivering content to the Web and supporting all online initiatives.
About TIENS
TIENS Group Co., Ltd. was established in Tianjin, China, in 1995, by Mr. Jin-Yuan Lee. TIENS Group entered the international marketplace in 1998. It successfully listed on NASDAQ after restructuring a portion of its assets in September 2003, and officially listed on AMEX in April 2005. Today TIENS Group is a multinational corporation involved in retail, travel, finance, international trading, e-business, and various other industries; combining industrial assets, commercial assets, and financial assets into one. TIENS Group has operations in over 190 countries and 110 national and local branches, in addition to forming strategic alliances with corporations in over 20 countries. TIENS Group ensures a high quality of life for over 12 million homes with their health foods, health products, cosmetics, household goods, and a host of other high quality products. TIENS Group rewards its loyal consumers with health, happiness, beauty, and prosperity!
About Interwoven
Interwoven is a global leader in content management solutions. Interwoven's software and services enable organizations to maximize online business performance and organize, find, and govern business content. Interwoven solutions unlock the value of content by delivering the right content to the right person in the right context at the right time. More than 4,200 of the world's leading companies, professional services firms, and governments have chosen Interwoven, including adidas, Airbus, Avaya, BT, Cisco, Citi, Delta Air Lines, DLA Piper, FedEx, Grant Thornton, Hilton Hotels, Hong Kong Trade and Development Council, HSBC, LexisNexis, MasterCard, Microsoft, Samsung, Shell, Qantas Airways, Tesco, Virgin Mobile, and White & Case. A community of over 20,000 developers and over 300 partners enrich and extend Interwoven's offerings. To learn more about Interwoven, please visit http://www.interwoven.com/.
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Interwoven, Inc.
CONTACT: Danielle Hamel of Interwoven, Inc., +1-408-953-7251, dhamel@interwoven.com
Web site: http://www.interwoven.com/ http://www.tiens.com/
Seagate Introduces Savvio(R) 10K.3 Small Form Factor Enterprise Drive, Delivering Record-Setting Capacity, Reliability and Power SavingsIndustry's only third-generation small form factor enterprise drive also first with self-encrypting option for enterprise servers and storage arrays
SCOTTS VALLEY, Calif., June 2 /PRNewswire-FirstCall/ -- To meet the growing demand for higher-capacity, more efficient enterprise storage systems, Seagate today introduced the Savvio(R) 10K.3 hard drive -- the world's highest-capacity, small form factor 2.5-inch enterprise hard drive built for the demands of enterprise servers and storage arrays. This latest generation of 2.5-inch drive offers 70% lower power and greater than 60% performance density over traditional 3.5-inch drives. As the only 10K-rpm 2.5-inch enterprise design backed by two prior generations of field-proven reliability, the Savvio 10K.3 drive leads the industry with 300GB of capacity, reliability of 1.6 million hours MTBF, and an advanced SAS 2.0 (6Gb/sec data rate) interface. Seagate's Savvio 10K.3 drive is also the industry's first 2.5-inch self-encrypting enterprise drive with government-grade Full Disk Encryption (FDE) data protection.
"The combination of higher capacity and 6Gb SAS on an enterprise-class small form factor disk drive, like the Savvio 10K.3 drive, continues to entice the industry to move from 3.5-inch to 2.5-inch based solutions for use in enterprise storage systems and arrays," said Dave Reinsel, vice president of Storage Research at IDC. "IDC predicts that shipments of small form factor enterprise drives into enterprise solutions will outnumber 3.5-inch enterprise drive shipments by 2010."
Seagate's Savvio 10K.3 drive was built to accommodate a wide range of mainstream enterprise storage applications, where both high capacity and low power consumption are critical requirements within an IT organization.
"Seagate was the pioneer of the 2.5-inch form factor enterprise standard, stemming from work with customers to better understand data center requirements, including the need for greater storage performance density, while continuing to focus on reducing power consumption and cooling costs," said Sherman Black, senior vice president and general manager, Seagate Enterprise Compute Business. "The Savvio 10K and 15K families have evolved into becoming the most widely-adopted 2.5-inch enterprise drive families throughout the enterprise. Now, with the introduction of the 300GB Savvio 10K.3 drive, more versatile storage systems can be built based upon this sweet-spot capacity."
Major OEM evaluations of the Savvio 10K.3 drive have begun. General product availability is planned for the second half of calendar year 2008.
Savvio 10K.3 Product Details
Seagate's Savvio 10K.3 drive offers tremendous improvements over 3.5-inch 300GB 15K-rpm drives including a 70% power savings. Savvio 10K.3 performance is even greater at a system level, delivering a 60% improvement in IOPS density, while also providing at least twice the capacity. These 2.5-inch drive advantages in total translate into greater overall value and reduced total cost of ownership to IT organizations and administrators eager to optimize their data center's power and performance efficiency.
The Savvio 10K.3 is also the world's first drive to operate at 6Gb/sec transfer rates, which is part of the new SAS 2.0 feature set. SAS 2.0 was developed to provide additional signal and data integrity features to enable SAS to be ideally-suited for use in high-end network storage applications.
Delivering on Seagate's commitment to add security features throughout its product portfolio, Savvio 10K.3 will be offered with self-encrypting FDE technology. As the industry's first 2.5-inch self-encrypting drive, the Savvio 10K.3 provides data-at-rest protection for its entire life cycle.
Seagate Helps Data Centers Focus on Going Green with PowerTrim(TM) Technology
Seagate's next-generation PowerTrim technology is integrated into the Savvio 10K.3 drive and manages drive power consumption during idle activity. With PowerTrim technology, the Savvio 10K.3 addresses the IT dilemma facing energy-constrained data centers by delivering best-in-class power savings.
For more information about the Seagate Savvio 10K.3 drive as well as the Seagate's entire family of enterprise products, visit http://www.seagate.com/.
About Seagate
Seagate is the worldwide leader in the design, manufacture and marketing of hard disc drives and storage solutions, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. Seagate's business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers, with the goal of being the time-to-market leader in all markets in which it participates. The company is committed to providing award-winning products, customer support and reliability to meet the world's growing demand for information storage. Seagate can be found around the globe and at http://www.seagate.com/.
Seagate, Seagate Technology and the Wave logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries. Savvio and PowerTrim are either trademarks or registered trademarks of Seagate Technology LLC or one of its affiliated companies in the United States and/or other countries. All other trademarks or registered trademarks are the property of their respective owners. When referring to hard drive capacity, one gigabyte, or GB, equals one billion bytes. Your computer's operating system may use a different standard of measurement and report a lower capacity. In addition, some of the listed capacity is used for formatting and other functions, and thus will not be available for data storage. Seagate reserves the right to change, without notice, product offerings or specifications.
Seagate
CONTACT: David Szabados of Seagate, +1-831-439-2859, david.szabados@seagate.com
Web site: http://www.seagate.com/
WD(R) Introduces New Family of 7200 RPM 2.5-Inch Hard Drives for Fast Notebook Systems and Portable Storage DevicesNew WD Scorpio(R) Black Drives Offer up to 320 GB High-performance, Low-power Storage for Space Hungry Systems
LAKE FOREST, Calif., June 2 /PRNewswire-FirstCall/ -- Western Digital Corp. today announced it is now shipping its new line of WD Scorpio(R) Black 7200 RPM 2.5-inch SATA (Serial ATA) hard drives for high-performance notebook computers and portable storage devices. Available in capacities up to 320 GB, WD Scorpio Black hard drives are designed with ruggedness, reliability, and data-protection features that actively monitor and protect valuable data.
The WD Scorpio Black family of hard drives is destined for use in OEM notebook systems as well as by users who want to upgrade the speed and performance of their current notebook system. As one of the fastest and most efficient hard drives on the market, WD Scorpio Black drives combine desktop-class 7200 RPM spin speed with a SATA 3 Gb/s interface and 16 MB cache to deliver maximum notebook performance.
"In today's busy and on-the-go lifestyle, notebook systems play an increasingly pivotal role in the home office and are relied upon to efficiently run sophisticated applications," said Jim Morris, WD's vice president and general manager of mobile storage. "High performance, high-capacity hard drives are a key ingredient to notebooks as system manufacturers continue to add data-hungry features that allow users to fully benefit from the latest computing technologies."
With the introduction of its latest-generation WD Scorpio drives, WD further expands the company's portfolio of 2.5-inch hard drives and continues to offer mobile computing and portable storage customers the same outstanding quality, reliability and performance that have earned the company a leadership position in the desktop and notebook markets.
WD Scorpio Black Exclusive Features
-- IntelliSeek(TM) -- IntelliSeek technology calculates optimum seek
speeds to lower power consumption, noise and vibration.
-- SecurePark(TM) -- WD's SecurePark technology parks the recording heads
off the disk surface during spin up, spin down and when the drive is
off. This ensures the recording head never touches the disk surface
resulting in improved long term reliability due to less head wear, and
improved shock tolerance.
-- ShockGuard(TM) -- WD's ShockGuard technology protects the drive
mechanics and platter surfaces from shocks during shipping and handling
and in daily operation.
-- Free-fall Sensor -- As an added layer of protection, if the drive (or
the system it's in) is dropped while in use, WD's free-fall sensor
detects that the drive is falling and, in less than 200 milliseconds,
parks the head off the disks to help prevent damage and data loss.
-- WhisperDrive(TM) -- WD's exclusive WhisperDrive technology combines
state-of-the-art seeking algorithms that result in one of the quietest
2.5-inch drives on the market.
Pricing
WD Scorpio Black hard drives will be available at select distributors and resellers. MSRP for the WD Scorpio Black hard drives are up to $249.00 USD (depending on capacity and features). More information about WD Scorpio Black hard drives may be found on the company's Web site at http://www.wdc.com/en/products/Products.asp?DriveID=477.
About WD
WD, one of the storage industry's pioneers and long-time leaders, provides products and services for people and organizations that collect, manage and use digital information. The company produces reliable, high-performance hard drives that keep users' data accessible and secure from loss. WD applies its storage expertise to consumer products for external, portable and shared storage applications.
WD was founded in 1970. The company's storage products are marketed to leading systems manufacturers, selected resellers and retailers under the Western Digital and WD brand names. Visit the Investor section of the company's Web site (http://www.westerndigital.com/) to access a variety of financial and investor information.
Western Digital, WD, the WD logo, and WD Scorpio are registered trademark in the U.S. and other countries and ShockGuard, WhisperDrive, SecurePark and IntelliSeek are trademarks of Western Digital Technologies, Inc. All other trademarks herein are property of their respective owner.
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Western Digital Corp.
CONTACT: Heather Skinner, Public Relations, +1-949-672-7920, heather.skinner@wdc.com, or Bob Blair, Investor Relations, +1-949-672-7834, robert.blair@wdc.com, both of Western Digital Corp.
Web site: http://www.westerndigital.com/
FiberNet Introduces Everywhere E-1Nationwide E-1 Transport Services Now Available
NEW YORK, June 2 /PRNewswire-FirstCall/ -- FiberNet Telecom Group, Inc. , a leading provider of complex interconnection services, launched today Everywhere E-1 transport services. With Everywhere E-1, international service providers can terminate E-1 services into their customer locations without having to convert to North American transmission standards.
"We developed Everywhere E-1 in response to the increase in demand for E-1 services in the U.S.," said John P. Dowd, Vice President of Business Development. "We believe that this innovative product offering will distinguish us in the marketplace and provide cost savings to our customers by eliminating the need for the conversion of overseas communications traffic to U.S. protocols. With Everywhere E-1, our international customer base can now utilize the full 2.048 Mbps of the international E-1, in lieu of reducing the throughput to the U.S. standard of 1.544 Mbps."
Facilitating inbound traffic from international gateways, Everywhere E-1 is available between strategic points-of-presence in the continental United States and to customers' premises nationwide. Everywhere E-1 comprehensively includes the installation of the service end-to-end and ongoing network management 24x7x365.
About FiberNet Telecom Group, Inc.
FiberNet Telecom Group, Inc. owns and operates integrated colocation facilities and diverse transport routes in the two gateway markets of New York/New Jersey and Los Angeles, designed to provide comprehensive broadband interconnectivity enabling the exchange of traffic over multiple networks. FiberNet's customized connectivity infrastructure provides an advanced, high bandwidth, fiber-optic solution to support the demand for network capacity and to facilitate the interconnection of multiple carriers' and customers' networks. For additional information about FiberNet, visit the company's website at http://www.ftgx.com/.
Various remarks that we may make about FiberNet's future expectations, plans and prospects constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Such remarks are valid only as of today, and we disclaim any obligation to update this information. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in FiberNet's most recent Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission.
FiberNet Telecom Group, Inc.
CONTACT: Norma I. Salcido of FiberNet Telecom Group, Inc., +1-212-405-6210, norma.salcido@ftgx.com
Web site: http://www.ftgx.com/
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