Companies news of 2008-06-05 (page 4)
Sonic Powers Pioneer In-Car DVD Entertainment SystemsSonic CinePlayer Delivers Exceptional...
STMicroelectronics Introduces Advanced Image Signal Processor for High-End Mobile...
NeXplore Corporation Transitions Newly Acquired ClickCaster.com to NeXplore Grid...
Business Objects Positioned in Leaders Quadrant of Data Quality Tools ReportEvaluation...
Significant Increase in Wireless Voice and Data Usage Expected at Belmont StakesVerizon...
AU Optronics Unveils a Full Range of 16:9 TFT-LCD for IT Display Debut at Display Taiwan...
AU Optronics Corp. May 2008 Consolidated Revenue Totaled NT$44.3 Billion
Cimatron Announces Share Repurchase Program
Elbit Systems Supplies IAF F-16I Simulator System to the Israeli Ministry of Defense
Nokia Receives European Commission Merger Control Approval for the Acquisition of...
LeGuide.com S.A. a conclu un accord en vue de l'acquisition du guide shopping dooyoo,...
EE Times-India's New Embedded Design India and Power Design India Websites to Meet...
SANYO Full HD Camcorder Has 'Face Chaser' Technology for Video and Stills; Features...
AU Optronics Unveils World's First Convex Curved Display Technology
Convera(R) Reports Results for the First Quarter Ended April 30, 2008
3 Selects NeuStar to Mobilize IM in Indonesia
Certicom Reports Year-end Results for Fiscal 2008Management sets new strategic direction...
Sonic Powers Pioneer In-Car DVD Entertainment SystemsSonic CinePlayer Delivers Exceptional Viewing Experience to CYBER NAVI Users
NOVATO, Calif., June 5 /PRNewswire-FirstCall/ -- Sonic Solutions(R) , the leader in digital media software, today announced that Pioneer Corporation, a leader in optical disc technology and a manufacturer of audio, video and computer equipment for the home, car and business markets, chose Sonic(R) CinePlayer(R) CE Navigator to bring high-quality multimedia playback capabilities to its new line of Hard Disc Drive-based (HDD) CYBER NAVI car navigation products in Japan. Pioneer's CYBER NAVI product line-up will bundle Sonic's CinePlayer CE Navigator to offer fully-integrated passenger entertainment systems with advanced digital media playback.
CinePlayer CE Navigator is a software-based, full-featured playback engine that delivers high performance and broad compatibility on a variety of platforms. Sonic has optimized its playback engine for automotive embedded systems to provide a reliable and enjoyable viewing experience for passengers. CinePlayer supports all standard video and audio DVD features including advanced functions such as widescreen video, motion menus, and multiple video angles.
"We are extremely pleased to be aligned with a respected category leader and enhance in-car navigation systems with rich entertainment playback capabilities," said Koki Terui, senior vice president, Strategic Initiatives, Sonic Solutions. "This partnership with Pioneer helps us introduce a new audience to the quality, breadth and variety of Sonic's digital media lifestyle applications."
Introduced in early May, Pioneer's lineup of HDD-based CYBER NAVI car navigation systems, the AVIC-VH9000 and AVIC-ZH9000 provide robust navigation features and include enhanced information and entertainment services for users such as Smart Loop traffic congestion information, route search with estimated fuel cost data, parking space availability, and built-in terrestrial digital TV tuners.
Created by Sonic's Advanced Technology Group, CinePlayer CE Navigator is part of the company's growing portfolio of technologies that are licensed to enable CD, DVD, and Blu-ray Disc playback, recording, and authoring. Sonic's technologies are licensed by leading firms such as Adobe, Microsoft, Broadcom, ST Micro, and Scientific Atlanta and used to enable digital media experiences in a wide variety of markets including consumer electronics, PCs, kiosks, automotive entertainment systems, and music download services. For more information on Sonic's technologies for application developers, visit: http://www.sonic.com/products/Developer/AuthorScript/DVD.aspx.
About Pioneer
Pioneer Corporation, headquartered in Tokyo, is a leading global manufacturer of consumer- and business-use electronics products such as audio, video and car electronics. Its shares are traded on the Tokyo Stock Exchange. For more information, visit http://pioneer.jp/e/.
About Sonic Solutions
Sonic Solutions (http://www.sonic.com/) enables the creation, management, and enjoyment of digital media content through its Hollywood to Home(TM) products, services, and technologies. Sonic's products range from the advanced authoring systems used to produce Hollywood DVD and Blu-ray Disc titles to the award-winning Roxio-branded photo, video, music, and digital-media management applications. Sonic's patented technologies and AuthorScript(R) media engine are relied upon by leading technology firms to define rich media experiences on a wide array of consumer electronics, mobile devices, set-top players, retail kiosks, and PCs. Always an innovator, Sonic has taken a leading role in helping professional and consumer markets make the successful transition to the new high-definition media formats and, through the Qflix(TM) platform, Sonic is defining new models for the digital distribution of Hollywood entertainment. Sonic Solutions is headquartered in Marin County, California.
Forward Looking Statements
This press release may contain forward-looking statements that are based upon current expectations, including the distribution and market acceptance of CinePlayer. Actual results could differ materially from those projected in the forward-looking statements as a result of various risks and uncertainties, including those discussed in the Company's annual and quarterly reports on file with the Securities and Exchange Commission. This press release should be read in conjunction with the Company's most recent annual report on Form 10-K, Form 10-Q and other reports on file with the Securities and Exchange Commission, which contain a more detailed discussion of the Company's business including risks and uncertainties that may affect future results. The Company does not undertake to update any forward-looking statements.
Sonic, the Sonic logo, Sonic Solutions, CinePlayer, AuthorScript, Hollywood to Home, Qflix, and Roxio are trademarks or registered trademarks of Sonic Solutions in the United States and/or other countries. All other company or product names are trademarks of their respective owners and, in some cases, are used under license.
Sonic Solutions
CONTACT: Chris Taylor of Sonic Solutions, +1-408-367-5231, chris_taylor@sonic.com
Web site: http://www.sonic.com/
STMicroelectronics Introduces Advanced Image Signal Processor for High-End Mobile Applications
GENEVA, June 5 /PRNewswire-FirstCall/ -- STMicroelectronics , a world leader in CMOS imaging technology, has introduced a new high-performance, stand-alone Image Signal Processor with dual-camera support that brings DSC-like performance to mobile imaging applications. Capable of controlling the entire imaging subsystem in a mobile phone, ST's newest digital image processor supports a wide range of camera modules including SMIA-compatible (Standard Mobile Imaging Architecture) sensors with up to 5-megapixel resolution.
The STv0986 mobile imaging processor implements a fully-featured image correction chain (from noise reduction to smooth digital zoom) and includes a dedicated hardware JPEG encoder with programmable quantization tables and compression factors. The advanced processing algorithms enable the STv0986 to deliver images of exceptional quality. The image signal processor supports special image-orientation effects such us mirroring, flip and rotation, as well as color features including sepia (brown-shade) and black & white.
The STv0986 supports continuous video streaming rates of up to 20 (12.5) frames per second at 3 (5) mega-pixel resolution, making the implementation of multi-shot, best picture and anticipation acquisition modes very straightforward. In the anticipation mode, the camera takes snapshots before and after the shutter button is pressed, allowing the user to select their preferred shot from a sequence of pictures.
The STv0986's unique twin-video-processing pipe architecture eliminates 'shutter' delay to ensure that the still image captured matches the current viewfinder frame -- what you see is what you get. The dual-pipeline architecture also delivers a true full-frame rate camcorder mode with simultaneous local viewfinder support and video capture through an optional 4x smooth digital true zoom.
The advanced autofocus (AF) control loop enables the STV0986 to provide still and video autofocus with a very fast lock time of 0.6 seconds. The AF system is able to control various actuator technologies including voice-coil, piezo and stepper motors. The STv0986 provides support for image stabilization through a combination of automatic light-sensitivity control (Auto-ISO control) and best-picture identification. ST also offers full system support for LED or Xenon flash solutions.
In addition to mobile phones, the STv0986 is suitable for use in PDAs, mobile games, security cameras and video phones.
The STv0986 can be combined with ST's camera modules to create a complete mobile imaging system. A possible two-camera configuration includes ST's newest image signal processor in combination with the VB6851, a SMIA-compliant QXGA auto-focus camera with best-in-class module size (8.5x8.5x5.9mm) and image quality, and the VS6555, an ultra-low power VGA reflowable camera module with the lens design optimized for video conferencing applications.
The STv0986 mobile imaging processor is in volume production now, with samples priced at $4.
About STMicroelectronics
STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2007, the Company's net revenues were $10 billion. Further information on ST can be found at http://www.st.com/
STMicroelectronics
CONTACT: Michael Markowitz of STMicroelectronics, +1-212-821-8959, michael.markowitz@st.com
Web site: http://www.st.com/
NeXplore Corporation Transitions Newly Acquired ClickCaster.com to NeXplore Grid ServerNeXplore Leverages Grid Layer from Layered Technologies for Fast Integration, Speedy Launch, Instant Scalability
FRISCO, Texas, June 5 /PRNewswire-FirstCall/ -- NeXplore Corporation (Pink Sheets: NXPC) today announced the successful transitioning of the recently acquired ClickCaster.com website to the NeXplore Grid Server. Powered by The Grid Layer hosting solution from Layered Technologies, in combination with 3Tera Inc.'s virtualization software AppLogic, the NeXplore Grid Server is the company's virtual private data center for efficiently and cost-effectively operating and managing NeXplore's growing portfolio of Web 2.0 products and destinations.
The rapid transitioning to the NeXplore Grid Server of ClickCaster.com enables NeXplore to quickly monetize and scale this popular website that provides tools for fast-and-easy audio and video podcast creation, publishing and management. Upon acquisition by NeXplore, ClickCaster.com had approximately 245,000 unique users, a number NeXplore plans to significantly grow by the end of 2008.
NeXplore currently utilizes the NeXplore Grid Server to host and manage NeXplore Search, the company's recently launched Web 2.0 search engine optimized for a superior end-user experience, rich-media display and social network integration. NeXplore is working to integrate ClickCaster.com podcasting capability into NeXplore Search.
"The quickness, low cost and relative ease with which we were able to transition ClickCaster.com to the NeXplore Grid Server validates our decision to utilize this cutting edge hosting and application management system," said Dion Hinchcliffe, chief technology officer for NeXplore Corporation. "The pace of innovation today is blistering. Web companies hobbled by the cost and complexity associated with traditional infrastructure -- datacenter co-location, private racks and managed hosting services, etc. -- are destined for extinction. The road to success in today's dynamic Web 2.0 world -- the path that NeXplore is forging -- is paved with glitch-free performance, speed-to-market and instant, on-demand scalability."
About NeXplore Corporation
NeXplore Corporation (Pink Sheets: NXPC) improves the online experience by providing Web tools and destinations that empower people to drive and define a World Wide Web perfectly suited for their unique needs, interests and online pursuits. For advertisers, NeXplore offers a full array of search, display and interactive advertising products to reach and engage targeted consumers. For more information about NeXplore, visit http://www.nexplorecorporation.com/.
Forward-Looking Statements: A number of statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: our ability to commercialize a proprietary product, our ability to generate product sales and operating profits, potential vulnerability of technology obsolescence, potential competitive products by better capitalized companies, potential difficulty in managing growth, dependence on key personnel, and other risks which will be described in future company Securities and Exchange Commission filings.
Investor Contact: Media Contact:
Stewart Clancy Rory Doherty
(214) 432-0637 (214) 459-6321
sclancy@NeXplore.com rdoherty@NeXplore.com
NeXplore Corporation
CONTACT: Investors, Stewart Clancy, +1-214-432-0637, sclancy@NeXplore.com, or Media, Rory Doherty, +1-214-459-6321, rdoherty@NeXplore.com, both of NeXplore Corporation
Web site: http://www.nexplorecorporation.com/
Business Objects Positioned in Leaders Quadrant of Data Quality Tools ReportEvaluation Based on Completeness of Vision and Ability to Execute
SAN JOSE, Calif., PARIS and WALLDORF, Germany, June 5
/PRNewswire-FirstCall/ -- Business Objects, an SAP company and the world's leading provider of solutions that optimize business performance, today announced it has been positioned by Gartner, Inc. in the leaders quadrant of the "Data Quality Tools Magic Quadrant"(1) report.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)
According to Gartner, "Leaders in the market demonstrate strength across a complete range of data quality functionality, including profiling, parsing, standardization, matching, validation and enrichment. They exhibit a clear understanding and vision of where the market is headed, including recognition of non-customer data quality issues and the delivery of enterprise-level data quality implementations. Leaders have an established market presence, significant size and a multinational presence (directly or as a result of a parent company)."
With SAP, Business Objects offers unparalleled enterprise information management solutions -- specializing in areas such as data quality, data integration, master data management, metadata management and text analysis -- to deliver trusted, unified and timely information across the enterprise. Business Objects has noted accelerated traction in the market, most recently delivering the first combined solution for data quality and data integration in the market, called BusinessObjects(TM) Data Services software. This innovative software gives customers the strong foundation and agility they need to help meet enterprise information management demands. Because the BusinessObjects Data Services software enables organizations to build and manage a trusted information foundation using a single application, customers can optimize development resources, simplify their IT infrastructure and more quickly consolidate and cleanse their data. As a result, the need for custom programming and scripting to extract, transform and load is eliminated.
"Putting trusted, relevant information in the hands of all people is the single largest challenge in helping organizations optimize their business performance," said Marge Breya, general manager and executive vice president, Business Intelligence Platform, Business Objects, an SAP company. "Decisions based on raw data are potentially inaccurate, and without trust, employees resort to management by intuition rather than management by facts. Our data quality offering provides both SAP and non-SAP customers with trusted information, helping them to improve efficiency and make more effective business decisions. We consider our positioning in the leader quadrant by Gartner confirmation of our tremendous momentum in this market. Business Objects continues to innovate quickly; executing against our product roadmap and keeping our laser focus on delivering business value to customers"
For additional information on Business Objects enterprise information management solutions, please visit http://www.businessobjects.com/EIM.
About the Magic Quadrant
The Magic Quadrant is copyrighted June 2008 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Business Objects
As an independent business unit within SAP, Business Objects transforms the way the world works by connecting people, information and businesses. Together with one of the industry's strongest and most diverse partner networks, the company delivers business performance optimization to customers worldwide across all major industries, including financial services, retail, consumer-packaged goods, healthcare and public sector. With open, heterogeneous applications in the areas of governance, risk and compliance; enterprise performance management; and business intelligence; and through global consulting and education services, Business Objects enables organizations of all sizes around the globe to close the loop between business strategy and execution.
About SAP
SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 47,800 customers (excludes customers from the acquisition of Business Objects) in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." (For more information, visit http://www.sap.com/)
(*) SAP defines business software as comprising enterprise resource planning and related applications.
(1)Gartner, Inc., "Magic Quadrant for Data Quality Tools" by Ted Friedman, et al., June 4, 2008.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright (C) 2008 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. Business Objects and the Business Objects logo, BusinessObjects, Crystal Reports, Crystal Decisions, Web Intelligence, Intelligent Question, and Xcelsius are trademarks or registered trademarks of Business Objects in the United States and/or other countries. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
Note to editors:
To view video stories on diverse topics, visit http://www.sap-tv.com/. From this newly launched site, you also can embed videos into your own Web pages, share video via email links and subscribe to RSS feeds from SAP TV. No registration is required. To preview and request broadcast-standard video digitally or by tape, log on to http://www.thenewsmarket.com/sap, where registration and video is free to the media. To request video materials not available on these sites, or for general questions, please contact saptv@sap.com.
For customers interested in learning more about SAP products: Global Customer Center: +49 180 534-34-24United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Dorit Shackleton, Business Objects, +1 (604) 974-2444, dorit.shackleton@sap.com, PDT
Rachel Allen, Burson-Marsteller, +1 (415) 591-4041, rachel.allen@bm.com, PDT
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT; press@sap.com
Photo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
SAP AG
CONTACT: Dorit Shackleton of Business Objects, +1-604-974-2444, dorit.shackleton@sap.com, PDT; or Rachel Allen of Burson-Marsteller, +1-415-591-4041, rachel.allen@bm.com, PDT; or SAP Press Office, +49 (6227) 7-46315, CET; +1-610-661-3200, EDT, press@sap.com
Web site: http://www.sap.com/ http://www.sap-tv.com/ http://www.thenewsmarket.com/sap http://www.businessobjects.com/EIM
Significant Increase in Wireless Voice and Data Usage Expected at Belmont StakesVerizon Wireless Installs Temporary 'Cell on Wheels' For Saturday's Event
ELMONT, N.Y., June 5 /PRNewswire/ -- Verizon Wireless, the builder and operator of the nation's most reliable wireless network, is preparing for a significant increase in wireless voice and data usage this weekend at Belmont Park by installing a temporary cell site just for the event.
The Cell on Wheels (COW) is a fully functional, generator-powered mobile cell site that enhances wireless capacity, allowing more customers to use their wireless phones concurrently to make calls, send and receive text and picture messages, and access the Internet. The company placed the COW near an existing cell site this week to handle the spike in wireless traffic expected as fans converge on Belmont Park for the 140th running of the Belmont Stakes.
"In a year when horse racing fans could see the first Triple Crown winner since 1978, interest in this race is greater than ever," said Pat Devlin, president of Verizon Wireless' New York Metro region. "We expect fans to share that excitement via our Verizon Wireless network before, during and after the race. This temporary cell site means our network is prepared to handle even the most extraordinary rush of calling as well as text, picture and video messaging."
The temporary cell site is part of Verizon Wireless' continuous effort to stay ahead of the growing demand for Verizon Wireless voice, data and mobile entertainment services. The company invested more than $45 billion across the nation in the past seven years to increase coverage and capacity, and to offer customers the most reliable service available in the nation.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 65.7 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 Kimberly Ancin, +1-845-429-3839, kimberly.ancin@vivianipr.com, for Verizon Wireless
Web site: http://www.verizonwireless.com/
AU Optronics Unveils a Full Range of 16:9 TFT-LCD for IT Display Debut at Display Taiwan 2008 and Accelerating Digital Contents
HSINCHU, Taiwan, June 5 /Xinhua-PRNewswire-FirstCall/ -- AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announces a full range of 16:9 LCD panels for information technology display applications, among which the world's first 21.5-inch 1080p Full HD resolution panel for desktop grabs the spotlight. The product lineup will be exhibited at Display Taiwan 2008 at TWTC (Taipei World Trade Center) from June 11 to June 13. It is expected that this 16:9 widescreen trend for IT display will accelerate the pervasion of digital media contents.
To meet the fast growing trend of digital contents, AUO launches 16:9 widescreen series including 4 MoniTV LCD panels: 24-inch Full HD, 21.5-inch Full HD, 18.5-inch and 15-inch, as well as 2 LED notebook PC LCD panels: 15.6-inch and 14-inch. These products provide complete solutions for different market segments. Among the desktop application lineup, the 21.5-inch Full HD model is the smallest of all AUO's Full HD products. Its excellent specifications of 1080p Full HD high resolution, 1000:1 high contrast and 5ms fast response time can fulfill the requirements for running digital contents. This 21.5-inch TFT-LCD is perfect for students as an entry model to Full HD LCD monitors.
For notebook PC application, both 15.6-inch and 14-inch TFT-LCDs are green products equipped with LED backlight, HD high resolution, 500:1 high contrast and 60% high color saturation. Above all, its novel and self-designed bottom PCB structure can effectively diminish the noise when using Wireless Wide Area Network (WWAN).
"16:9 widescreen LCD panels are the trend for information technology display applications, and it is one of our focuses at Display Taiwan 2008 exhibition," said Michael Tsai, General Manager of IT Display Business Group of AUO. "The migration from 16:10 to 16:9 in widescreen market has gone fast. After AUO launched the 24-inch 16:9 Full HD LCD panel for desktop in the first quarter this year which became a big hit in the market, we released another 3 models for desktop in the second quarter; we will complete our 16:9 lineups for desktop with 27-inch model by the end of this year. In the near future, we plan to utilize LED-backlit green LCD panels for 16:9 desktop products. For notebook PC application, AUO aims to be the forerunner of 16:9 widescreen LCD panels with LED backlight. We will release another 4 LED-backlit panels: 10.1-inch, 11.6-inch, 13.3-inch, and 17.3-inch by the first half of 2009. AUO will take the lead in 16:9 aspect in IT display area, so as to provide consumers better enjoyment in digital media and Full HD contents such as Blue Ray DVD playback or high definition TV broadcasting."
ABOUT AU OPTRONICS
AU Optronics Corp. ("AUO") is the world's 2nd largest manufacturer* of large-sized thin film transistor liquid crystal display panels ("TFT-LCD"), with approximately 20%* of global market share in Q1/2008 and revenues of NT$480.2 billion (US$14.81billion)* in 2007. TFT-LCD technology is currently the most widely used flat panel display technology. Targeted for 40"+ sized LCD TV panels, AUO's new generation (7.5-generation) fabrication facility production started mass production in the fourth quarter of 2006. The Company currently operates one 7.5-generation, two 6th-generation, four 5th-generation, one 4th-generation, and four 3.5-generation TFT-LCD fabs, in addition to eight module assembly facilities and the AUO Technology Center specializes in new technology platform and new product development. AUO is one of few top-tier TFT-LCD manufacturers capable of offering a wide range of small- to large-sized (1.5"-65") TFT-LCD panels, which enables it to offer a broad and diversified product portfolio.
* DisplaySearch 1Q2008 WW Large-Area TFT-LCD Shipment Report dated Apr 24,
2008. This data is used as reference only and AUO does not make any
endorsement or representation in connection therewith. 2007 year end
revenue converted by an exchange rate of NTD32.43:USD1.
For more information, please contact:
Fiona Chiu
Corporate Communications Dept
AU Optronics Corp
Tel: +886-3-500-8899 x3206
Fax: +886-3-577-2730
Email: fiona.chiu@auo.com
Yawen Hsiao
Corporate Communications Dept.
AU Optronics Corp.
Tel: +886-3-500-8899 x3211
Fax: +886-3-577-2730
Email: yawen.hsiao@auo.com
AU Optronics Corp.
CONTACT: Fiona Chiu, Corporate Communications Dept, AU Optronics Corp, +886-3-5008899 x3206, or fax, +886-3-5772730, or email, fiona.chiu@auo.com; Yawen Hsiao, Corporate Communications Dept., AU Optronics Corp., +886-3-5008899 x3211, or fax, +886-3-5772730, or email, yawen.hsiao@auo.com, both of AU Optronics Corp.
Web site: http://www.auo.com/
AU Optronics Corp. May 2008 Consolidated Revenue Totaled NT$44.3 Billion
HSINCHU, Taiwan, June 5 /Xinhua-PRNewswire-FirstCall/ -- AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announced its May 2008 revenue with preliminary consolidated and unconsolidated basis of NT$44,339 million and NT$43,914 million. It represented 4.6% and 4.4% sequential increase, and 24.9% and 23.7% year-over-year growth.
Shipments of large-sized panels(a) used in desktop monitor, notebook PC, LCD TV and other applications for May 2008 totaled 7.7 million units, increased by 4.5% sequentially. Small-and-medium-sized panel shipments totaled 13.9 million units, a 4.2% month-over-month decrease.
(a) Large size refers to panels that are 10 inches and above in diagonal
measurement while small and medium size refers to those below 10
inches
Sales Report: (Unit: NT$ million)
Net Sales(1) (2) Consolidated(3) Unconsolidated
May 2008 44,339 43,914
April 2008 42,401 42,071
M-o-M Growth 4.6% 4.4%
May 2007 35,503 35,499
Y-o-Y Growth 24.9% 23.7%
Jan to May 2008 223,370 222,224
Jan to May 2007 147,773 147,741
Y-o-Y Growth 51.2% 50.4%
(1) All figures are prepared in accordance with generally accepted
accounting principles in Taiwan.
(2) Monthly figures are unaudited, prepared by AU Optronics Corp.
(3) Consolidated numbers include AU Optronics Corp., AU Optronics (L)
Corporation, AU Optronics (Suzhou) Corporation, AU Optronics (Shanghai)
Corporation, Tech -- Well (Shanghai) Display Co., AU Optronics (Xiamen)
Corp., Darwin Precisions (L) Corp., Toppan CFI (Taiwan) Co, Ltd. and
AU Optronics (Czech) s.r.o.
ABOUT AU OPTRONICS
AU Optronics Corp. ("AUO") is the world largest manufacturer* of large- sized thin film transistor liquid crystal display panels ("TFT-LCD"), with approximately 20.3%* of global market share with revenues of NT$480.2 billion (US$14.81billion)* in 2007. TFT-LCD technology is currently the most widely used flat panel display technology. Targeted for 40"+ sized LCD TV panels, AUO's new generation (7.5-generation) fabrication facility production started mass production in the fourth quarter of 2006. The Company currently operates one 7.5-generation, two 6th-generation, four 5th-generation, one 4th- generation, and four 3.5-generation TFT-LCD fabs, in addition to eight module assembly facilities and the AUO Technology Center specializes in new technology platform and new product development. AUO is one of few top-tier TFT-LCD manufacturers capable of offering a wide range of small- to large- sized (1.5"-65") TFT-LCD panels, which enables it to offer a broad and diversified product portfolio.
* DisplaySearch 4Q2007 WW Large-Area TFT-LCD Shipment Report dated Jan 23,
2008. This data is used as reference only and AUO does not make any
endorsement or representation in connection therewith. 2007 year end
revenue converted by an exchange rate of NTD32.43:USD1.
AU Optronics Corp.
CONTACT: Fiona Chiu, Corporate Communications Dept, AU Optronics Corp, +886-3-5008899 x3206, or fax, +886-3-5772730, or email, fiona.chiu@auo.com; Yawen Hsiao, Corporate Communications Dept., AU Optronics Corp., +886-3- 5008899 x3211, or fax, +886-3-5772730, or email, yawen.hsiao@auo.com, both of AU Optronics Corp.
Web site: http://www.auo.com/
Cimatron Announces Share Repurchase Program
GIVAT SHMUEL, Israel, June 5 /PRNewswire-FirstCall/ -- Cimatron Limited , a leading provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries, today announced that its Board of Directors has authorized the use of up to $1 million of the Company's available cash to repurchase ordinary shares of the Company. Under the repurchase program, share purchases may be made from time to time at the discretion of management in the open market or in privately negotiated transactions depending on market conditions, share price, trading volume and other factors. Such purchases will be made in accordance with the requirements of the Securities and Exchange Commission. The repurchase program has no time limit, does not require Cimatron to acquire a specific number of shares, and may be suspended from time to time or discontinued.
As of June 4, 2008, Cimatron had approximately 9,394,598 ordinary shares outstanding and the closing price for its ordinary shares on The Nasdaq Capital Market as of June 4, 2008 was $2.00.
Commenting on today's announcement, Danny Haran, President and CEO of Cimatron said: "Our board of directors has determined that the repurchase of Cimatron stock represents an effective use of a portion of our cash at this time. The strength of our balance sheet, the confidence we have in our business model and the continued execution of our long-term business strategy support this decision."
About Cimatron
With over 25 years of experience and more than 40,000 installations worldwide, Cimatron is a leading provider of integrated, CAD/CAM solutions for mold, tool and die makers as well as manufacturers of discrete parts. Cimatron is committed to providing comprehensive, cost-effective solutions that streamline manufacturing cycles, enable collaboration with outside vendors, and ultimately shorten product delivery time.
The Cimatron product line includes the CimatronE and GibbsCAM brands with solutions for mold design, die design, electrodes design, 2.5 to 5 axes milling, wire EDM, turn, Mill-turn, rotary milling, multi-task machining, and tombstone machining. Cimatron's subsidiaries and extensive distribution network serve and support customers in the automotive, aerospace, medical, consumer plastics, electronics, and other industries in over 40 countries worldwide.
Cimatron is publicly traded on the NASDAQ exchange under the symbol CIMT. For more information, please visit the company web site at: http://www.cimatron.com/.
Safe Harbor Statement
This press release includes forward looking statements, within the meaning of the Private Securities Litigation Reform Act Of 1995, which are subject to risk and uncertainties that could cause actual results to differ materially from those anticipated. Such statements may relate to the company's plans, objectives and expected financial and operating results. The words "may," "could," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions or variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of the future performance and involve risks and uncertainties, many of which are beyond the company's ability to control. The risks and uncertainties that may affect forward looking statements include, but are not limited to: currency fluctuations, global economic and political conditions, marketing demand for Cimatron products and services, long sales cycle, new product development, assimilating future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties of the business, refer to the Company's filings with the Securities and Exchanges Commission. The company cannot assess the impact of or the extent to which any single factor or risk, or combination of them, may cause. Cimatron undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
Contact:
Ilan Erez, Chief Financial Officer Yael Nevat,
Cimatron Ltd. Commitment-IR.com
Tel: +972-3-531-2121 Tel: +972-9-714 8866, +972-50-762-6215
E-mail: ilane@cimatron.com E-mail: yael@commitment-IR.com
Cimatron Ltd
CONTACT: Contact: Ilan Erez, Chief Financial Officer, Cimatron Ltd., Tel: +972-3-531-2121, E-mail: ilane@cimatron.com; Yael Nevat, Commitment-IR.com, Tel: +972-9-714 8866, +972-50-762-6215, E-mail: yael@commitment-IR.com
Elbit Systems Supplies IAF F-16I Simulator System to the Israeli Ministry of Defense
HAIFA, Israel, June 5 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. and Lockheed Martin inaugurated the avionics simulation system delivered to the Israeli Ministry of Defense (IMOD) for the Israel Air Force (IAF) F-16I Sufa aircrew flight and system trainer.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
The simulator is fully compatible with the aircraft avionics and cockpit. Elbit Systems additionally supplied an advanced simulating system to enable the IAF pilots Out-of-Cockpit world view for full training in different air conditions in both day and nighttime. The systems were delivered to the full satisfaction of the IAF and the Israeli Ministry of Defense, within the planned timeframe.
In 2005, Elbit Systems supplied an advanced simulation system for the F-16A Netz and has already received a follow-on order for the development of a simulation system for the F-16B Barak.
In addition, Elbit Systems supplies the core avionic systems for the IAF's F-16I aircraft. These systems include the Display and Sight Helmet (DASH), mission computer systems, head-up display systems, display processors, digital maps as well as stores management systems.
Joseph Ackerman, President and CEO of Elbit Systems, said, "The successful delivery of the simulator for the IAF's most advanced combat aircraft, the F-16I, further strengthens Elbit Systems' position as a leading company in the simulator field in general and in the flight simulator area in particular." According to Ackerman, "In order to achieve better efficiency in defense budgets, there is a wider global demand for use of simulators, which enable air forces and other defense force branches to achieve better performance with the same level of training-hours."
Elbit Systems operates within the simulator market and supplies systems for all types of platforms, including those for air, land and naval applications. Elbit Systems utilizes its advanced technological capabilities, particularly in developing software for complex system programs, as well as its global leadership in upgrading defense platforms, as the basis for the successful supply of simulation systems to various customers around the world.
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of defense-related programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned air vehicle (UAV) systems, advanced electro-optics, electro-optic space systems, EW suites, airborne warning systems, ELINT systems, data links and military communications systems and radios. The Company also focuses on the upgrading of existing military platforms and developing new technologies for defense, homeland security and commercial aviation applications.
This press release contains forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current fact. Forward Looking Statements are based on management's expectations, estimates, projections and assumptions. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results, performance and trends may differ materially from these forward-looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission.All forward-looking statements speak only as of the date of this release. The Company does not undertake to update its forward-looking statements.
Contacts:
Company Contact:
Joseph Gaspar, Corporate VP & CFO
Dalia Rosen, Director of Corporate
Communications
Elbit Systems Ltd
Tel: +972-4-8316663
Fax: +972-4-8316944
E-mail: gspr@elbit.co.il
daliarosen@elbit.co.il
IR Contact:
Ehud Helft / Kenny Green
G.K. Investor Relations
Tel: +1-646-201-9246
E-mail: info@gkir.com
Photo: http://www.newscom.com/cgi-bin/prnh/20080408/300441
Elbit Systems Ltd
CONTACT: Contacts: Company Contact: Joseph Gaspar, Corporate VP & CFO, Dalia Rosen, Director of Corporate, Communications, Elbit Systems Ltd, Tel: +972-4-8316663, Fax: +972-4-8316944, E-mail: gspr@elbit.co.il, daliarosen@elbit.co.il; IR Contact: Ehud Helft / Kenny Green, G.K. Investor Relations, Tel: +1-646-201-9246, E-mail: info@gkir.com
Nokia Receives European Commission Merger Control Approval for the Acquisition of Trolltech
ESPOO, Finland, June 5 /PRNewswire-FirstCall/ -- The European Commission today announced that it has unconditionally approved Nokia's voluntary tender offer for all the shares in Trolltech ASA . Nokia will now proceed with the consummation of the offer.
Settlement for the shares tendered in the offer is expected to take place on June 6, 2008. In accordance with section 3.9 of the offer document, Nokia has determined that the tendered shares shall be acquired by its wholly owned subsidiary, Nokia Norge AS.
Following the completion of the offer, Nokia owns 52 411 283 shares and votes in Trolltech, representing 99.4% of all the shares outstanding in Trolltech.
Nokia intends to initiate a compulsory acquisition of the remaining shares in Trolltech in accordance with section 4-25 of the Norwegian Public Limited Companies Act. Such compulsory acquisition of shares is expected to take effect on or about 6 June, 2008. In addition, Nokia will apply for the delisting of Trolltech's share from the Oslo Stock Exchange, effective as soon as possible.
About Nokia
Nokia is the world leader in mobility, driving the transformation and growth of the converging Internet and communications industries. We make a wide range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Developing and growing our offering of consumer Internet services, as well as our enterprise solutions and software, is a key area of focus. We also provide equipment, solutions and services for communications networks through Nokia Siemens Networks.
It should be noted that certain statements herein which are not historical facts, including, without limitation, those regarding: A) the timing of product, services and solution deliveries; B) our ability to develop, implement and commercialize new products, services, solutions and technologies; C) expectations regarding market growth, developments and structural changes; D) expectations regarding our mobile device volume growth, market share, prices and margins; E) expectations and targets for our results of operations; F) the outcome of pending and threatened litigation; G) expectations regarding the successful completion of contemplated acquisitions on a timely basis and our ability to achieve the set targets upon the completion of such acquisitions; and H) statements preceded by "believe," "expect," "anticipate," "foresee," "target," "estimate," "designed," "plans," "will" or similar expressions are forward-looking statements. These statements are based on management's best assumptions and beliefs in light of the information currently available to it. Because they involve risks and uncertainties, actual results may differ materially from the results that we currently expect. Factors that could cause these differences include, but are not limited to: 1) competitiveness of our product, service and solutions portfolio; 2) the extent of the growth of the mobile communications industry and general economic conditions globally; 3) the growth and profitability of the new market segments that we target and our ability to successfully develop or acquire and market products, services and solutions in those segments; 4) our ability to successfully manage costs; 5) the intensity of competition in the mobile communications industry and our ability to maintain or improve our market position or respond successfully to changes in the competitive landscape; 6) the impact of changes in technology and our ability to develop or otherwise acquire complex technologies as required by the market, with full rights needed to use; 7) timely and successful commercialization of complex technologies as new advanced products, services and solutions; 8) our ability to protect the complex technologies, which we or others develop or that we license, from claims that we have infringed third parties' intellectual property rights, as well as our unrestricted use on commercially acceptable terms of certain technologies in our products, services and solution offerings; 9) our ability to protect numerous Nokia and Nokia Siemens Networks patented, standardized or proprietary technologies from third-party infringement or actions to invalidate the intellectual property rights of these technologies; 10) Nokia Siemens Networks' ability to achieve the expected benefits and synergies from its formation to the extent and within the time period anticipated and to successfully integrate its operations, personnel and supporting activities; 11) whether, as a result of investigations into alleged violations of law by some current or former employees of Siemens AG ("Siemens"), government authorities or others take further actions against Siemens and/or its employees that may involve and affect the carrier-related assets and employees transferred by Siemens to Nokia Siemens Networks, or there may be undetected additional violations that may have occurred prior to the transfer, or ongoing violations that may have occurred after the transfer, of such assets and employees that could result in additional actions by government authorities; 12) any impairment of Nokia Siemens Networks customer relationships resulting from the ongoing government investigations involving the Siemens carrier-related operations transferred to Nokia Siemens Networks; 13) occurrence of any actual or even alleged defects or other quality issues in our products, services and solutions; 14) our ability to manage efficiently our manufacturing and logistics, as well as to ensure the quality, safety, security and timely delivery of our products, services and solutions; 15) inventory management risks resulting from shifts in market demand; 16) our ability to source sufficient amounts of fully functional components and sub-assemblies without interruption and at acceptable prices; 17) any disruption to information technology systems and networks that our operations rely on; 18) developments under large, multi-year contracts or in relation to major customers; 19) economic or political turmoil in emerging market countries where we do business; 20) our success in collaboration arrangements relating to development of technologies or new products, services and solutions; 21) the success, financial condition and performance of our collaboration partners, suppliers and customers; 22) exchange rate fluctuations, including, in particular, fluctuations between the euro, which is our reporting currency, and the US dollar, the Chinese yuan, the UK pound sterling and the Japanese yen, as well as certain other currencies; 23) the management of our customer financing exposure; 24) allegations of possible health risks from electromagnetic fields generated by base stations and mobile devices and lawsuits related to them, regardless of merit; 25) unfavorable outcome of litigations; 26) our ability to recruit, retain and develop appropriately skilled employees; 27) the impact of changes in government policies, laws or regulations; and 28) our ability to effectively and smoothly implement our new organizational structure; as well as the risk factors specified on pages 10-25 of Nokia's annual report on Form 20-F for the year ended December 31, 2007 under "Item 3.D Risk Factors." Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Nokia does not undertake any obligation to update publicly or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
http://www.nokia.com/
Nokia Corporation
CONTACT: Media Enquiries: Nokia Communications, Tel. +358-7180-34900, Email: press.services@nokia.com; Investor Contacts: Nokia, Investor Relations, Europe, Tel. +358-7180-34289; Nokia Investor Relations US, Tel. +1-914-368-0555 Further information on the settlement of the offer can be obtained from: Nordea Corporate Finance, Tel. +47-22-48-50-00 , Fax. +47-22-69-05-09
LeGuide.com S.A. a conclu un accord en vue de l'acquisition du guide shopping dooyoo, fortement présent en Allemagne, au Royaume-Uni et en Espagne
PARIS, June 5 /PRNewswire/ -- LeGuide.com S.A. (Alternext - ALGUI), 1er éditeur de guides shopping en
France et 5ème guide shopping Européen*, annonce la conclusion d'un accord
pour l'acquisition du guide shopping dooyoo dans le cadre de sa stratégie de
développement en Europe.
Cette acquisition renforcerait à la fois les positions géographiques et
complèterait les fonctionnalités de LeGuide.com S.A., notamment en matière
d'avis et de recommandations consommateurs. Elle s'inscrit parfaitement dans
l'objectif annoncé de devenir le numéro 3 Européen d'ici 2 ans.
L'audience combinée* des deux entités en mars 2008 était de 8,8 millions
de visiteurs uniques en Europe.
<< Cette acquisition nous permettrait non seulement d'atteindre une
position très significative sur le marché allemand, deuxième marché Européen
du e-commerce, mais aussi d'accélérer notre croissance sur le marché anglais
qui s'avère très dynamique et qui, je le rappelle, constitue à la fois un
défi et une opportunité.>> commente Corinne Lejbowicz, Président Directeur
Général de LeGuide.com S.A.
dooyoo apporterait également un très fort savoir-faire dans le domaine
des avis et opinions consommateurs avec 50 000 nouvelles opinions et avis
produits en Allemagne chaque mois et 20 000 au Royaume-Uni. Ces bases d'avis
sur les produits, qui nécessitent des années de relations étroites avec les
internautes, sont un atout indéniable dans le renforcement qualitatif d'un
guide shopping et permettraient ainsi à LeGuide.com S.A. de renforcer la
prégnance de ses différents sites.
Une opération riche en complémentarités et synergies
Les synergies possibles sont nombreuses. Les équipes de dooyoo
bénéficieraient des compétences et des ressources technologiques du Groupe, à
l'heure actuelle en partie sous-traitées. Inversement, LeGuide.com S.A.
pourrait s'appuyer sur les fortes compétences de dooyoo dans le domaine des
avis consommateurs.
Ces synergies seraient associées à des gains financiers par
l'intégration, à terme, des technologies et des économies d'échelles.
* Source : Médiametrie/Nielen Netratings mars 2008, Allemagne, Espagne,
France, Italie, Royaume-Uni, Suisse
A propos de LeGuide.com S.A. http://www.leguide.com/finance
Editeur de guides shopping de référence sur Internet,
LeGuide.com S.A. a pour vocation d'une part, d'aider l'internaute dans la
recherche, la comparaison et l'achat de produits en ligne et, d'autre part,
de développer la visibilité, l'audience et les ventes des e-commerçants.
Forte de son succès en France avec les sites http://www.leguide.com,
http://www.leguide.net et http://www.webmarchand.com, la société développe
depuis 2004 son modèle à l'international. Le réseau LeGuide.com S.A. est
opérationnel dans 14 pays : en France, Belgique, Allemagne, Autriche, Suisse,
Luxembourg, Espagne, Royaume-Uni, Irlande, Pologne, Italie, Pays Bas ainsi
qu'en Suède et au Danemark depuis décembre 2007. La société regroupait une
équipe internationale de 69 collaborateurs à fin 2007 et édite ses sites en 9
langues.
LeGuide.com S.A. est qualifiée << Entreprise Innovante >> par
OSEO Anvar et cotée en continu sur Alternext de NYSE-Euronext Paris
(mnémonique ALGUI, code ISIN FR0010146092).
A propos de dooyoo, http://www.dooyoo.com
Fondé en 1999, dooyoo est une société de droit allemand basée à Berlin et
détenue essentiellement par des fonds d'investissements qui ont financé sa
croissance.
dooyoo compte 24 collaborateurs et a totalisé un chiffres d'affaires 2007
de 3,6 MEUR, pour un résultat d'exploitation de 0,8 MEUR.
Guide shopping sur Internet, dooyoo est devenue un acteur majeur en
Allemagne et a réussi à prendre une position significative au Royaume Uni.
dooyoo est actif en Allemagne (http://www.dooyoo.de), au Royaume-Uni (
http://www.dooyoo.co.uk), en Espagne (http://www.dooyoo.es) et en
Italie (http://www.dooyoo.it).
LeGuide.com S.A.
Astrid Canevet
Tel : +33-1-55-43-36-10
finance@leguide.com
Actifin
Ségolène de Saint Martin
Tél : +33-1-56-88-11-14
ssaintmartin@actifin.fr
LeGuide.com Group
LeGuide.com S.A.: Astrid Canevet, Tel : +33-1-55-43-36-10, finance@leguide.com; Actifin, Ségolène de Saint Martin, Tél : +33-1-56-88-11-14, ssaintmartin@actifin.fr
EE Times-India's New Embedded Design India and Power Design India Websites to Meet Engineers' Demand for Specialized Electronics Design Solutions
Special Technology Content from Global Sources Covers Microcontrollers & Processors, Digital Signal Processing, Embedded Cores, ESL Design, Software
Tools, Test & Measurement, Automotive & Industrial,
Green Power Technology, Power Conversion & Management, Portable Power, Power
Testing and Supplies & Accessories
HONG KONG, June 5 /Xinhua-PRNewswire-FirstCall/ -- Global Sources' EE Times-India has launched two technology-specific Websites, Embedded Design India ( http://www.embeddeddesignindia.com/ ) and Power Design India ( http://www.powerdesignindia.com/ ).
(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )
Both sites launch with over 1,000 articles each, including design tutorials, white papers, application notes, new product news, discussion forums and webinars.
India's semiconductor revenues are expected to reach US$45 billion by 2015 at a compound annual growth rate of 30 percent, according to India's Ministry of Information Technology. Embedded system design and power design are two of the fastest growing sectors in India's electronics industry.
"Research shows that the country's electronic engineers strongly prefer online media formats," said Mark A. Saunderson, President of Global Sources' Electronics Business Unit. "Online whitepapers are among the most-accessed information types within this high-tech community. Embedded systems and power design top the list of technologies searched for by India's engineers.
"The two Websites fill a need for technology-specific information and deepen our content offering for India's design community."
The India design channels will cover the latest development tools and tutorials to help India's design engineers cope with shorter design cycles and increasing design complexity.
Embedded Design India offers up-to-the-minute information on:
-- Microcontrollers & Processors -- MPUs, MCUs and control circuits
-- Digital Signal Processing -- Digital signal processing and DSP
development
-- Embedded Cores -- IP cores, processors and controllers and memory
-- ESL Design -- System hardware/software co-design and analysis
-- Software Tools -- Algorithm development, firmware, compilers,
debuggers and communications protocols
-- Test & Measurement -- Testing equipment, emulators and debugging
At the Power Design India Website, engineers will learn about:
-- Automotive & Industrial -- Backup systems for automotive, industrial
and commercial applications
-- Green Power Technology -- Solar cells, fuel cells and next-
generation eco-friendly power sources
-- Power Conversion & Management -- Rectification, regulation, PFC and
power monitoring
-- Portable Power -- Power supplies and circuits for portable
electronics
-- Power Testing -- Power design testing and measurement
-- Supplies & Accessories - Discrete components, connectors, battery
packs and UPS
"To ensure these specialized contents are delivered to the established engineers, as well as the up-and-coming engineering talents in India, Global Sources has launched an aggressive cross-promotional marketing campaign through EE Times-India ( http://www.eetindia.com/ ) and the rest of the EE Times-Asia network ( http://www.eetasia.com/ ) ," Saunderson said.
"Both Websites further expand Global Sources' India portfolio, leveraging a brand already known and trusted by India's electronic engineers."
Global Sources' Design-to-Export Solution for Greater China and Asia's Electronics Industry
EE Times-India is an important part of Global Sources' portfolio of electronics industry media and trade show brands. Combining 29 online and 11 print media, plus four events which run 14 times across eight cities, Global Sources provides Greater China and Asia's electronics industry with end-to-end support -- from product conceptualization through to export of finished products.
Global Sources' key electronics industry event brands include International IC-China Conference & Exhibition ( http://www.english.iic-china.com/ ), International IC-Taiwan Conference & Exhibition ( http://www.english.iic-taiwan.com/ ) and China Sourcing Fairs: Electronics and Electronics & Components ( http://www.chinasourcingfair.com/ ).
For more information about Global Sources, visit http://www.corporate.globalsources.com/ .
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other business segments facilitate trade from the world to Greater China, and trade within China, using Chinese-language media.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 700,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 2.6 million products and more than 195,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 9 specialized trade shows which run 27 times a year across eight cities.
Suppliers receive more than 32 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com/ ) alone.
Global Sources has been facilitating global trade for 37 years. Global Sources' network covers more than 69 cities worldwide. In mainland China, Global Sources has over 2,100 team members in more than 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.
About eMedia Asia Ltd
eMedia Asia Ltd. is a joint venture between Global Sources and TechInsights, a division of United Business Media, supplying media, professional and marketing services to decision makers in the electronics industry. The joint venture is a leading provider of new technology content, in print and online for thousands of technology specialists that drive the electronics industry in China and Asia. eMedia Asia Ltd. serves this community's ongoing need for the right information, at the right time through its integrated, local-language web networks, premier technical events and industry leading publications -- EE Times-Asia, Electronic Design-China and Electronics Supply & Manufacturing-China.
Global Sources Press Contact in Asia:
Camellia So
Tel: +852-2555-5021
Email: cso@globalsources.com
Global Sources Investor Contact in Asia:
Investor Relations Department
Tel: +852-2555-4777
Email: investor@globalsources.com
Global Sources Press Contact in U.S.:
James W.W. Strachan
Tel: +1-480-664-8309
Email: strachan@globalsources.com
Global Sources Investor Contact in U.S.:
Christiane Pelz & Kirsten Chapman
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: investor@globalsources.com
Photo: Newscom: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b PR Newswire Photo Desk, photodesk@prnewswire.com
Global Sources
CONTACT: Press contact in Asia: Camellia So, +852-2555-5021, cso@globalsources.com; Press contact in U.S.: James W.W. Strachan of Global Sources, +1-480-664-8309, strachan@globalsources.com; Investor contact in Asia: IR Department of Global Sources, +852-2555-4777, investor@globalsources.com; Investor Contact in U.S.: Kirsten Chapman or Christiane Pelz, cpelz@lhai.com, both of Lippert-Heilshorn & Associates, Inc., +1-415-433-3777, investor@globalsources.com, for Global Sources
Web site: http://www.globalsources.com/ http://www.chinasourcingfair.com/
SANYO Full HD Camcorder Has 'Face Chaser' Technology for Video and Stills; Features Slow-Motion Video Mode and 7-fps Sequential ShootingCompact, Lightweight Xacti HD1010 Offers Improved Image Processing and Simplified Operation
CHATSWORTH, Calif., June 5 /PRNewswire/ -- SANYO, a world leading digital camera manufacturer, debuts the Xacti HD1010, an ultra-compact, full 1920 x 1080 (1080i) high-definition digital camcorder featuring "Face Chaser" face detection technology for both video and stills, plus a new slow-motion video mode and seven frames-per-second sequential shooting for superb action photography. The sleek and simple-to-use HD1010 takes 4-megapixel digital still images and records video and stills to convenient SD memory cards or SDHC cards (sold separately) up to 32GB.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080605/LATH043)
The SANYO Xacti HD1010 will be available in the U.S.A. in July 2008 at an MSRP of $799.99*1.
"The SANYO Xacti HD1010 is our second-generation Full HD camcorder and offers a full complement of innovative features such as automatic 'Face Chaser' face detection for both video and stills, along with improved image processing for even better image quality*2," said Tom Van Voy, Vice President and General Manager of SANYO's Audio Video Division. "The HD1010 offers advanced, high-definition video performance and high-quality stills in one small, lightweight device."
FACE DETECTION/FACE CHASER TECHNOLOGY
The latest in digital still photography -- Face Detection and Face Chaser technology actually monitor the subject's face and adjust brightness and focus to incredibly clear photos. This technology can be used to recognize up to 12 faces at a time in both video and still photos.
SLOW-MOTION VIDEO MODE
For great sports videos and many other fast-action video projects, the HD1010 can record video at 300 frames-per-second*3 to produce smooth, super slow-motion 60fps video playback.
7 FRAMES-PER-SECOND SEQUENTIAL SHOOTING
Shoot digital still images like the pros with up to seven photos in a single second. Ideal for special effects or action photography.
SMALL AND LIGHT FULL HD CAMCORDER
The HD1010 weighs only 9.9 ounces (with battery and SD card). It incorporates advanced MPEG-4 AVC/H.264 video compression, enabling up to approximately 87 minutes of Full HD (1920 x 1080) video recording on an 8GB SDHC memory card (sold separately).
WIDE DYNAMIC RANGE MODE
Wide Dynamic Range Mode allows improved images in varying degrees of light and shade.
FOUR MEGAPIXEL DIGITAL IMAGES
The Xacti HD1010 enables simultaneous shooting of 4-megapixel still images and HD movie clips, with a simple press of the shutter button during the recording of a video clip. Users need never miss another precious photo opportunity. (Depending on the mode used to take still images, simultaneous video clip shooting may be interrupted. While shooting video clips, using the digital image stabilizer may change the angle of view for still images.)
COMFORTABLE, ERGONOMIC DESIGN
The HD1010 is designed for easy, one-handed operation with "one thumb" operation of all key functions. The camcorder is comfortable to hold, even for extended periods.
FULL 1080i HD SENSOR
Incorporating the latest high-definition CMOS sensor, the SANYO Xacti HD1010 captures full 1080i high-definition video (1920x1080) at 60 frames-per-second. Designed to record the rich and vibrant colors of real life, the HD1010 also captures subtle tones to provide a natural-looking result. SANYO's latest high-speed image processing engine capably handles the high capacity demands of Full HD data. Signal processing has been optimized for gamma correction and noise reduction, improving lens color-sensitivity and image quality when filming in darker locations. In addition, the video codec algorithm has been adjusted from 12 to 14 Mbps to allow more data per second, for improved imaging.
10X OPTICAL HD ZOOM LENS
At the front of the HD1010 is a commanding 10x all-glass HD lens. The camcorder's fast f/1.8-2.5 lens is capable of allowing almost four times more light through to assist in lower light venues. Consisting of eight groups and eleven total lenses with a built-in neutral density filter, the HD1010's lens provides a spectacular field-of-view with a 38-380 mm range (35 mm equivalent).
IMAGE STABILIZATION
High-definition can't hide shaky or erratic camera movement. So, SANYO's HD1010 comes with a sophisticated image stabilizer for both stills and video. This handy feature operates in both wide-angle and telephoto modes, giving every shot a solid, professional-looking feel. Image stabilization allows for clear pictures of the subject even when moving or rotation occurs.
LARGE 2.7 INCH WIDESCREEN DISPLAY
The HD1010 features a large 2.7 inch widescreen Liquid Crystal Display (LCD). The display flips out from the camera and rotates up to 285 degrees on axis, allowing you to take great video or still images even from difficult-to- view positions, which is especially useful when shooting in large crowds or in small rooms.
HDMI HIGH-DEFINITION OUTPUT
It's easy to view and share high-definition video on your HD television with the HD1010. Using the HDMI (High-Definition Multimedia Interface) terminal built into the base station, just one cable connects your camcorder to your TV for a totally digital output. HDMI carries both the video and audio signals in digital form for the highest quality playback.
EASY CAMERA TO PC CONNECTION
SANYO's HD1010 streamlines the confusing and complicated component connection process with an innovative docking station. This dock provides instant connectivity via HDMI cable (sold separately), component, composite or S-video connection to a TV, DVD player and computer. The HD1010 even recharges its internal battery when nested in the docking station.
RECORDS TO CONVENIENT SD/SDHC MEMORY CARDS
The SANYO Xacti HD1010 records high-definition and photos directly to a standard SD or SDHC Memory Card. The camcorder is capable of recording up to 87 minutes of 1080i high-definition video on a single 8GB card (sold separately). When connected to a computer via the USB cable, the HD1010 acts as a standard card reader. Transferring images and videos to your computer has never been easier.
ADDITIONAL HD1010 FEATURES:
-- Random Access: Each video is recorded as an individual MPEG-4 and each
still as a JPEG so you can have true random access allowing you to
review a specific image or video quickly and easily, without waiting
for tape rewinding or fast forwarding.
-- Super-fast Startup: With its tapeless design, the HD1010 eliminates the
need to queue up a tape deck or get a DVD or hard drive spinning,
allowing the camcorder to begin shooting in as little as two seconds!
When the HD1010 is powered on, closing the LCD display puts the HD1010
in standby mode. Simply open the display and the camcorder
automatically powers up and can begin recording virtually
instantaneously.
-- Equipped with 'SIMPLE' mode so even beginners can create high quality,
beautiful high definition movies
-- New 1920 x 1080, 30 fps mode allows further possibilities with Full HD
and computers (when in Full-SHQ 30 fps/12 Mbps mode)
-- Features 2.7 inch 230,000 pixel, widescreen TFT-LCD monitor, ideal for
viewing HD footage
-- Wind Roar and Red Eye Reduction
-- Web Cam function
-- Built-in, pop-up flash
-- A variety of manual controls are available for versatile, advanced
shooting. These include manual focus adjustment (16 settings); aperture
adjustment (6 stops); exposure compensation (1.8 EV, 0.3 EV steps);
shutter speed (13 settings); and image-quality adjustment (for
sharpness and color saturation)
-- Bundled with "Nero 8 Essentials for SANYO" for easy playback and
editing
-- Uses included, long-lasting 1900 mAh Lithium-ion battery (DB-L50)
-- Compatible with a variety of optional accessories using cold shoe
mount, such as external strobe, video light, microphone, etc.
-- Optional adapter lenses available: telephoto, wide-angle and
semi-fisheye
-- Continuous Still Image Shooting function - 7 frames per second*4
-- Able to take still pictures while in the middle of Full HD movie
recording*5
-- 9-image quick display function
-- In-camera editing
-- 48 kHz, 16-bit, 2-channel sound
-- PictBridge compatible
-- Headphone Jack
About SANYO
SANYO Electric Co., Ltd. is a multi-billion-dollar global leader in providing solutions for the environment, energy and for lifestyle applications based on its Brand Vision 'Think GAIA'. SANYO Fisher Company (a division of SANYO North America Corporation, a subsidiary of SANYO Electric Co., Ltd.), based in Chatsworth, California, markets digital still cameras, digital media camcorders, digital projectors, home appliances, security video equipment, audio systems, portable and mobile electronics and HD televisions.
For more information and additional specifications, please visit http://www.sanyodigital.com/. For downloadable hi-res product images, go to http://www.sanyodigital.com/ and click on "Dealer Images".
All products and trademarks are the property of their respective owners. Because its products are subject to continual improvement, SANYO reserves the right to modify product design and specifications without notice and without incurring any obligations.
*1 Manufacturer's Suggested Retail Price. Pricing subject to change at
any time. Actual prices are determined by individual dealers and may
vary.
*2 Compared to the SANYO Xacti VPC-HD1000
*3 Still images and zoom can not be used simultaneously with
'slow-motion' filming. Focus/exposure and digital image stabilization
not available in this mode. For this model 300fps is actually 299.7fps
*4 Recorded as 4.0 Mega-pixels
*5 Recorded as 2.0 Mega-pixels
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080605/LATH043 AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
SANYO Fisher Company
CONTACT: Michael R. Harris of Harris Public Relations, +1-805-418-7198, hpr1@earthlink.net, for SANYO Fisher Company
Web site: http://www.sanyodigital.com/
AU Optronics Unveils World's First Convex Curved Display Technology
HSINCHU, Taiwan, June 5 /Xinhua-PRNewswire-FirstCall/ -- AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announced the world's first Convex Curved Display after showcasing the world's first* Concave Curved Display at SID 2008 in May. The curved radius is 100mm with TFT-LCD process on glass substrate. Therefore it requires a special thinning technology. The specially designed curved backlight unit maintains uniformity in brightness and contrast on the convex curved surface. Unlike the existing e-paper on a flexible substrate, AUO's new convex curved display technology can bring TFT- LCD technology up to the greater level in terms of color performance and image quality. AUO's new Convex Curved Display will be applied to some curved display applications in the future, such as watches and dashboards etc. AUO will showcase both convex and concave curved display at Display Taiwan 2008 held in TWTC Hall 1 in Taipei from June 11 to 13, 2008.
Pictures for the above news release can be downloaded from AUO corporate website URL: http://auo.com/auoDEV/pressroom.php?sec=Photos&ls=en .
Any use of photographs must cite the source thereof is from AU Optronics Corporation
ABOUT AU OPTRONICS
AU Optronics Corp. ("AUO") is the world's 2nd largest manufacturer* of large-sized thin film transistor liquid crystal display panels ("TFT-LCD"), with approximately 20%* of global market share in Q1/2008 and revenues of NT$480.2 billion (US$14.81billion)* in 2007. TFT-LCD technology is currently the most widely used flat panel display technology. Targeted for 40"+ sized LCD TV panels, AUO's new generation (7.5-generation) fabrication facility production started mass production in the fourth quarter of 2006. The Company currently operates one 7.5-generation, two 6th-generation, four 5th-generation, one 4th-generation, and four 3.5-generation TFT-LCD fabs, in addition to eight module assembly facilities and the AUO Technology Center specializes in new technology platform and new product development. AUO is one of few top-tier TFT-LCD manufacturers capable of offering a wide range of small- to large- sized (1.5"-65") TFT-LCD panels, which enables it to offer a broad and diversified product portfolio.
* DisplaySearch 1Q2008 WW Large-Area TFT-LCD Shipment Report dated
Apr 24, 2008. This data is used as reference only and AUO does not
make any endorsement or representation in connection therewith.
2007 year end revenue converted by an exchange rate of NTD32.43:USD1.
AU Optronics Corp.
CONTACT: Fiona Chiu, Corporate Communications Dept of AU Optronics Corp, +886-3-500-8899 x3206, or Fax: +886-3-577-2730, or fiona.chiu@auo.com; or Yawen Hsiao, Corporate Communications Dept. of AU Optronics Corp., +886-3-500- 8899 x3211, or Fax: +886-3-577-2730, or yawen.hsiao@auo.com
Web site: http://www.auo.com/ http://auo.com/auoDEV/pressroom.php?sec=Photos&ls=en
Convera(R) Reports Results for the First Quarter Ended April 30, 2008
VIENNA, Va., June 4 /PRNewswire-FirstCall/ -- Convera Corporation - http://www.convera.com/ - a leading provider of vertical search services for publishers, today announced financial results for the three-month period ended April 30, 2008.
Revenue from continuing operations for the first quarter of fiscal 2009 increased to $402,000 or 44% over the $280,000 in revenue recorded in the fourth quarter of fiscal 2008.
Backlog, grew from $4.0 million at January 31, 2008 to $4.7 million April 30, 2008. These backlog balances represent future revenues stemming from the contractual minimum revenue commitment amounts from our customers.
As of April 30, 2008, a total of 45 Excalibur supported vertical search sites from 25 different publishers that have been commercially launched. There were 39 vertical search sites from 24 publishers that had been commercially launched at January 31, 2008. Search traffic activity from the Excalibur supported vertical sites continued to grow, increasing 187% from 9.5 million searches in the fourth quarter of last year to 17.8 million in the first quarter ended April 30, 2008.
As of today, a total of 75 Excalibur supported vertical search sites are under contract with customers, 47 of these sites have been commercially launched and 28 of these sites are in development. These contracted sites represent publications in over 15 major vertical industries.
Convera is presently providing vertical search services to 30 different trade publishers. Patrick Condo, President and CEO of Convera, stated, "We are pleased with the continued progress we are making in acquiring customers, launching sites and the increased search traffic on our network. Advertising revenue and the newly instituted annual capacity based pricing model began to contribute to revenue in quarter and are expected to continue to grow in subsequent quarters. We expect to see the financial results of this effort evidenced in this fiscal year as the we continue to see the impact of our efforts to increase revenue and decrease expenses in the coming quarters of this fiscal year".
The loss from continuing operations for the three-month period ended April 30, 2008, was $5.4 million, or $0.10 per share, (which includes $1.6 million in depreciation and stock compensation expenses which are non cash expenses) compared to a loss of $7.7 million, or $0.15 per share, (which includes $0.1 million in depreciation and stock compensation which are non cash expenses) for the comparable year-ago period and a loss of $7.0 million (which includes $1.4 million in depreciation and stock compensation which are non cash expenses) for the three months ended January 31, 2008.
The decreased loss reflects the reduction in staffing levels and Convera's efforts to discontinue non-strategic activities from cost streamlining actions taken during fiscal 2008. Convera expects to continue to receive benefits from these actions in the coming quarters as a result of continued alignment of resources to pursue the on line publishing and media marketplace.
Net loss for the three months ended April 30, 2008 was $5.4 million or $0.10 per share, which compares to a net loss of $7.5 million or $0.14 per share, for the comparable period of the prior year.
Cash and investments as of April 30, 2008, totaled $31.4 million and does not include the $4 million held in escrow from the sale of the RetrievalWare enterprise search business in August 2007. We expect to receive the escrow to be released in the third quarter, in accordance with terms of the agreement.
The attached financial information compares the results of operations for the three-months April 30, 2008, to the same period in 2007, and the balance sheet as of April 30, 2008 and January 31, 2008.
The condensed, consolidated statements of operations for the Company for the three months ended April 30, 2008 and 2007 appear below and are presented in accordance with accounting principles generally accepted in the United States. All amounts, except per share amounts, are expressed in thousands of U.S. dollars.
Three Months Ended
April 30,
2008 2007
Continuing Operations: (unaudited) (unaudited)
Revenues:
Hosted services $402 $324
Operating Expenses:
Cost of revenue - hosted services 1,829 1,933
Sales and marketing 876 1,019
Research and product development 1,234 1,289
General and administrative 2,068 4,323
Total Expense 6,007 8,564
Operating loss (5,605) (8,240)
Interest income, net 179 491
Net (loss) from continuing operations $(5,426) $(7,749)
Discontinued Operations:
Income from discontinued operations - 206
Income from discontinued operations - 206
Net Loss $(5,426) $(7,543)
Earnings(loss) per share - basic & diluted
Continuing operations $(0.10) $(0.15)
Discontinued operations - 0.01
$(0.10) $(0.14)
Weighted average number of common
shares outstanding - basic and diluted 53,306 52,901
The condensed, consolidated Balance Sheets for the Company as of April 30, 2008, and January 31, 2008, appear below and are presented in accordance with accounting principles generally accepted in the United States. All amounts are expressed in thousands of U.S. dollars.
Assets April 30, 2008 January 31, 2008
(unaudited) (unaudited)
Current Assets:
Cash and cash equivalents 31,350 $36,641
Accounts receivable, net 463 182
Escrow, Prepaid expenses and other 5,089 4,002
Total current assets 36,902 40,825
Equipment and leasehold improvements, net 4,244 4,913
Other assets 621 629
Total assets 41,767 $46,367
Liabilities and Shareholders' Equity
Current Liabilities:
Accounts payable 982 $699
Accrued expenses 1,971 2,282
Deferred revenues 634 651
Total Liabilities 3,587 3,632
Shareholders' Equity 38,180 42,735
Total liabilities and
shareholders' equity 41,767 $46,367
About Convera(R)
Convera is the leading provider of vertical search services for publishers. Convera enables publishers to generate additional revenue by creating customized search applications for specialist audiences under their own brand.
Convera vertical search applications can combine publisher proprietary content with an editorially vetted best of the Web for specific professional audiences, providing an authoritative and comprehensive search experience. Many of the world's largest publishers are working with Convera to accelerate their e-publishing strategies, meet growing online revenue goals and build loyal online professional communities.
This release, including any statements from Convera personnel, contains statements about Convera's future expectations, performance, plans, and prospects, as well as assumptions about future events. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, business and economic conditions and trends; the ability to continue funding operating losses; fluctuations in operating results including impacts from reduced corporate IT spending and lengthier sales cycles; continued success in technological advances and development; possible disruption in commercial activities caused by terrorist activity and armed conflict, such as changes in logistics and security arrangements; reduced customer demand relative to expectations; competitive factors; and other risk factors listed from time to time in the company's reports to the Securities and Exchange Commission. Actual results may differ materially from our expectations as the result of these and other important factors relating to Convera's business and product development efforts, which are further described in Convera's filings with the SEC. These filings can be obtained from the SEC's website located at http://www.sec.gov/. Any forward-looking statements are based on information available to Convera on the date of this release, and Convera assumes no obligation to update such statements. Convera(R) and the Convera design logo are trademarks of Convera in the United States and other countries.
Convera Corporation
CONTACT: Matt Jones, Investor Relations, Convera Corporation, +1-703-761-3700, mjones@convera.com
Web site: http://www.convera.com/
3 Selects NeuStar to Mobilize IM in Indonesia
STERLING, Va., June 4 /PRNewswire-FirstCall/ -- NeuStar, Inc. today announced that mobile operator 3 Indonesia has selected NeuStar's Next Generation Messaging (NGM) solutions to mobilize instant messaging (IM) services in Indonesia.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080310/NEUSTARLOGO )
3 Indonesia will implement NeuStar's industry-leading Mobile Messaging Gateway (MMG) to deliver mobile Instant Messaging solutions to its customers. Working closely with popular ISP-based Instant Messaging brands, NeuStar will connect 3 Indonesia's customers with a number of PC-based IM networks, providing the tools they need to keep connected to their IM "buddies" anytime, anywhere.
3 Indonesia is the latest of numerous 3 operators worldwide that have partnered with NeuStar to deliver mobile IM services to their subscribers. NeuStar and 3 have had other successful implementations in the Asia-Pacific region (specifically in Hong Kong and Macau) as well as in Europe.
"3 Indonesia prides itself on offering the most innovative and customer-oriented mobile products and services available on the Indonesian market," said Suresh Reddy, chief marketing officer of Hutchison CP Telecommunications Indonesia. "By engaging NeuStar's expertise in next generation messaging, we will be able to offer our customers a new and engaging mobile messaging experience."
Allen Scott, general manager of NeuStar NGM, said: "NeuStar's proven technical capability and experience in deploying feature-rich IM services made us a natural choice for 3 in Indonesia, and we are eager to deliver an advanced messaging service that brings a wealth of exciting choices to 3's customers."
About NeuStar, Inc. and NeuStar Next Generation Messaging
NeuStar, Inc. is a provider of clearinghouse and directory services to the global communications and Internet industry. In November 2006, NeuStar created its Next Generation Messaging Services by acquiring Followap Inc., a leading global provider of instant messaging, presence and interconnect services. Mobile network operators around the world trust NeuStar to enable real-time communications using presence information.
NeuStar, Inc. is headquartered in the United States, with subsidiary offices in Europe and Asia. For more information, please visit http://www.neustar.biz/ and http://www.neustar.biz/ngm.
About Hutchison CP Telecom Indonesia
Hutchison CP Telecom Indonesia is a subsidiary of Hong Kong based Hutchison Telecommunications International Limited. The company is the holder of a National 2G/1800 MHz and 3G/WCDMA license.
About Hutchison Telecommunications International Limited
Hutchison Telecommunications International Limited ('Hutchison Telecom' or 'the Group') is a leading global provider of telecommunications services. The Group currently offers mobile and fixed-line telecommunication services in Hong Kong, and operates mobile telecommunications services in Macau, Israel, Indonesia, Vietnam, Sri Lanka, Ghana, and Thailand. It was the first provider of 3G mobile services in Hong Kong and Israel and operates brands including "3", "Hutch," and "Orange".
Hutchison Telecom is a listed company with American Depositary Shares quoted on the New York Stock Exchange under the ticker HTX and shares listed on the Stock Exchange of Hong Kong under the stock code 2332. A subsidiary of the Hong Kong-based Hutchison Whampoa Group, Hutchison Telecom is dedicated to providing superior telecommunications services in dynamic markets. For more information about Hutchison Telecom, see http://www.htil.com/.
Photo: http://www.newscom.com/cgi-bin/prnh/20080310/NEUSTARLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
NeuStar, Inc.
CONTACT: John Schneidawind of NeuStar, Inc., +1-571-434-5596, john.schneidawind@neustar.biz; or Ariani Wahyu Widowati, General Manager, Marketing Communications & PR, +62-21-5290-6800, Fax: +62-21-5290-6900, ariani.widowati@three.co.id, or Ginung Pratidina, ginung@marcomx.biz, or Arry B. Wibowo, arrybw@marcomx.biz, +62-21-79182961-62, Fax: +62-21-7993359, all of Hutchison CP Telecom Indonesia
Web site: http://www.neustar.biz/ http://www.neustar.biz/ngm http://www.htil.com/
Certicom Reports Year-end Results for Fiscal 2008Management sets new strategic direction to improve company performanceHighlights for the Year:- New, permanent Chief Executive Officer appointed- IBM and Certicom signed multi-year, multi-million dollar technology agreement- Certicom established firm stance on intellectual property protection through pursuit of Sony patent infringement lawsuit- Bally Technologies licensed Certicom technology for gaming security- Aristocrat Technologies licensed Certicom technology for gaming security- Continental Airlines selected Certicom technology for mobile ticketing security solution- Texas Instruments licensed Certicom's ECC technology for improved security in next-generation, government-issued identification documents- Certicom opened design centre in Silicon Valley dedicated to development of hardware-based cryptographic technologies- Certicom launched UMA Device Software for mobility market, Security Builder API for Open Source and .NET, Device Certificate AuthoritySubsequent to Year-End:- Micronas licensed Certicom's KeyInject solution for securing silicon chips in consumer electronics- Certicom launched device authentication service for ZigBee Smart Energy to secure wireless data communications and authenticate smart meter devices- Qualcomm Inc. announced the use of Certicom's advanced cryptographic modules to achieve Suite B compliance for BREW- ClearCommerce Corporation, a Fidelity National Information Services company, selected Certicom's ECC technology to support secure payment processing
MISSISSAUGA, ON, June 4 /PRNewswire-FirstCall/ -- Certicom Corp. (TSX: CIC) ("Certicom" or the "Company") today reported results for the fiscal year and fourth quarter ended April 30, 2008. All figures are in U.S. dollars and in accordance with Canadian Generally Accepted Accounting Principles (GAAP) except where otherwise noted.
Revenue for the year was $16.6 million compared to $21.4 million for fiscal 2007. For the fourth quarter, revenue was $3.5 million, compared to $6.5 million in the fourth quarter of fiscal 2007.
Certicom closed a multi-year, multi-million dollar agreement with IBM on April 30, 2008. Under the terms of the agreement, the Company is entitled to an immediate first payment of $2 million and this was received in early May. In accordance with GAAP, the Company will recognize the revenue related to this payment prospectively using the subscription accounting method, in which $500,000 will be recorded in each quarter of fiscal 2009. Revenue from subsequent payment commitments from the IBM agreement will also be recognized using the subscription method.
"The IBM agreement is a clear endorsement of our IP portfolio and its underlying value, and represents a major event in accelerating the adoption of ECC in the marketplace," said Karna Gupta, Chief Executive Officer. "In addition to this endorsement, several events occurred during fiscal 2008 that further strengthened our position for future growth. These included the launch of patent infringement litigation against Sony, the signing of multiple contracts in the gaming vertical, the introduction of several innovative security solutions, and finally the completion of our three-year strategic growth plan."
Full Year Financial Review
Total operating expenses(1) for the year were $21.9 million, compared to $20.1 million in fiscal 2007. The increase was mainly due to legal expenses related to the Sony litigation. However, these expenses, which totaled $2.4 million for the year, were lower than expected. The Company posted a net loss on a GAAP basis of $10.5 million, or $0.24 per basic and diluted share for the year, compared to a net loss of $3.1 million, or $0.08 per basic and diluted share, in fiscal 2007.
The Company reports that recurring revenue for the year was $8.0 million, consistent with fiscal 2007. With the completion of the IBM agreement and other initiatives relating to the new strategic growth plan, management expects recurring revenue to increase in fiscal 2009.
Certicom had $38.5 million in cash(2) at year-end compared to $38.6 million at January 31, 2008 and $43.2 million at year-end fiscal 2007. The Company has no debt.
Fourth Quarter Financial Review
Total operating expenses(1) for the fourth quarter were $6.2 million, compared to $6.3 million for the same period last year. This included $1.1 million for expenses related to the Sony litigation and $0.3 million for one-time restructuring costs. The Sony litigation expenses were higher than the guidance given last quarter due to the timing of legal activities as the case progresses. Excluding the Sony litigation expenses and the one-time restructuring costs, total operating expenses for the fourth quarter were within the guidance given last quarter.
The Company posted a net loss on a GAAP basis of $4.1 million for the quarter, or $0.09 per basic and diluted share, compared to a net loss of $1.2 million, or $0.03 per basic and diluted share for the same period last year.
Outlook: A New Strategic Direction
Management has completed Certicom's new three-year strategic growth plan and will be addressing several strategic priorities that build on the Company's current strengths in patent position, brand recognition, human capital and technology development. Of these strategic priorities, Certicom has identified the following four as the most critical:
1. Aggressively transitioning from toolkits to complete security
solutions for solving specific business problems
2. Sharpening focus on more defined market verticals: Consumer
Electronics/Mobility, Semiconductors, Energy/Utilities, Gaming and
Defense/Aerospace
3. Increasing international market presence in high potential geographic
areas
4. Aggressively improving the efficiencies of the Company's underlying
cost structure
"We secured 25 design wins during the year, which reflects the continued momentum in the adoption of Certicom's technology," said Mr. Gupta. "However, I will point out that our new focus is less on the quantity of annual design wins and more on the long term revenue potential of each design win. This is consistent with our new strategic direction, which calls for greater concentration on securing high value contracts based on comprehensive security solutions. I am pleased to advise you that we are currently working with several marquee global accounts in addition to the IBM and Micronas agreements that we recently closed."
Mr. Gupta continued, "Our recent design wins for complete security solutions in gaming, semiconductor manufacturing and utilities demonstrate the headway we're making in the transition from toolkits to total solutions, and we look forward to continuing progress towards this and our other strategic priorities in fiscal 2009. Our commitment to these strategic priorities will provide a solid basis for achieving our ultimate goal of sustainable, profitable growth for shareholders."
Operating expenses(1) for the first quarter of fiscal 2009, excluding expenses related to the Sony litigation, cost of revenue, depreciation and amortization, and stock-based compensation, are expected to range from $4.7 to $5.0 million. The expenses related to the Sony litigation for the quarter are expected to be approximately $1.5 million.
Sony Patent Infringement Litigation
Certicom continues to progress through the broad discovery phase of the Sony litigation case, which requires both parties to provide specific documentation. As stated previously, the claims construction hearing of the litigation case (known as a Markman hearing) has been set for June 11, 2009 and the trial date has been set for September 8, 2009. The Company remains confident of its legal position and ability to pursue this litigation to a successful conclusion.
Conference Call
-------------------------------------------------------------------------
Conference Call and Webcast June 5 2008, 10 a.m. ET (7 a.m. PT)
-------------------------------------------------------------------------
Participant Numbers 416-644-3414 or 1-800-733-7560
-------------------------------------------------------------------------
The conference call will be webcast live with supporting slides and subsequently archived at http://www.certicom.com/. To listen to the webcast, participants will require Windows Media Player(TM) which can be downloaded from Certicom's website prior to the event. An archived recording will be available from 12 p.m. (ET) on June 5 until 12 a.m. (ET) on June 12, 2008. To access the archive, please call 416-640-1917 or 1-877-289-8525 and enter passcode 21271281 followed by the number sign.
Annual General Meeting of Shareholders
Certicom will hold its Annual General Meeting of shareholders on Wednesday, September 24, 2008 at 10 a.m. ET at The Gallery of the TSX Broadcast & Conference Centre located at The Exchange Tower, 130 King Street West in Toronto. The audio of the meeting will also be simulcast live at Certicom's web site at http://www.certicom.com/.
About Certicom
Certicom manages and protects the value of content, applications and devices with government-approved security. Adopted by the National Security Agency (NSA) for government communications, Elliptic Curve Cryptography (ECC) provides the most security per bit of any known public-key scheme. As the global leader in ECC, Certicom's security offerings are currently licensed to hundreds of multinational technology companies, including IBM, General Dynamics, Motorola, Oracle and Research In Motion. Founded in 1985, Certicom's corporate offices are in Mississauga, Ontario, Canada with worldwide sales and marketing headquarters in Reston, Virginia and offices in Europe and Asia. Visit http://www.certicom.com/
Certicom, Certicom Security Architecture, Certicom Trust Infrastructure, Certicom CodeSign, Certicom KeyInject, Security Builder, Security Builder API, Security Builder BSP, Security Builder Crypto, Security Builder ETS, Security Builder GSE, Security Builder IPSec, Security Builder NSE, Security Builder PKI and Security Builder SSL are trademarks or registered trademarks of Certicom Corp. All other companies and products listed herein are trademarks or registered trademarks of their respective holders. Information subject to change.
ENDNOTES:
---------
(1) This news release contains references to operating expenses. Certicom
defines operating expenses as total operating expenses excluding cost
of revenues, depreciation and amortization and stock-based
compensation. It also excludes interest income, other income
(expense) and withholding tax expense.
--------------------- ---------------------
Three months ended Twelve months ended
------------------ -------------------
April 30, April 30,
2008 2007 2008 2007
--------------------- ---------------------
Sales and marketing $ 1,738 $ 2,635 $ 7,688 $ 9,211
Product development
and engineering 1,802 1,878 6,964 6,213
General and administrative 2,611 1,813 7,294 4,686
--------------------- ---------------------
Total operating expenses $ 6,151 $ 6,326 $ 21,946 $ 20,110
--------------------- ---------------------
--------------------- ---------------------
(2) This news release contains references to cash, which is defined as
cash and cash equivalents, short term and long term marketable
securities and restricted cash.
April 30, 2008 April 30, 2007
Cash and cash equivalents $ 1,641 $ 3,397
Marketable securities 25,980 26,752
Long-term marketable
securities 10,832 13,013
------------------------------
Total Cash $ 38,453 $ 43,162
------------------------------
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Forward-looking information includes information concerning the Company's future financial performance, business strategy, plans, goals and objectives. When used in such documents, the words "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "will", "believes" or variations of such words and phrases often, but not always, identify forward looking statements. Factors which could cause actual results or events to differ materially from current expectations include, among other things: the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits; the ability of the Company to develop, promote and protect its proprietary technology security breaches or defects in the Company's products; competitive conditions in the businesses in which the Company participates; changes in consumer spending; the outcome of legal proceedings as they arise; general economic conditions and normal business uncertainty; consolidation in the Company's industry and by its customers; customer preferences towards product offerings; the risk that customers may cancel their contracts with the Company; reliance on a limited number of customers; demand for ECC-based technology; performance of the Company's management team and the Company's ability to attract and retain skilled employees; operating the Company's business profitably; fluctuations in revenue and foreign currency exchange rates; interest rate fluctuations and other changes in borrowing costs; the ability to develop and maintain strategic relationships; and other factors identified under the heading "Risk Factors" in the Company's annual information form dated July 26, 2007 and filed on SEDAR at http://www.sedar.com/.
While the Company believes that its forecasts and assumptions are reasonable, results or events predicted in this forward-looking information may differ materially from actual results or events. In particular but without limitation, there is no assurance that the Company will achieve all or a portion of the goals outlined in its three year strategic growth plan within the time limits specified therein or at all.
CERTICOM CORP.
CONSOLIDATED BALANCE SHEETS
(In thousands of U.S. dollars)
April 30,
2008 2007
---------- ----------
ASSETS
Current assets:
Cash and cash equivalents........................ $ 1,641 $ 3,397
Marketable securities............................ 25,980 26,752
Accounts receivable, net......................... 5,426 6,008
Unbilled receivables............................. 503 559
Prepaid expenses and other current assets........ 659 758
---------- ----------
Total current assets........................... 34,209 37,474
Long-term marketable securities.................... 10,832 13,013
Property and equipment, net........................ 1,173 1,250
Patents, net....................................... 2,776 2,222
Other assets....................................... 24 24
---------- ----------
Total assets................................... $ 49,014 $ 53,983
---------- ----------
---------- ----------
LIABILITIES
Current liabilities:
Accounts payable................................. $ 2,255 $ 2,170
Accrued liabilities.............................. 2,332 2,878
Deferred revenue................................. 5,123 3,378
Obligation under capital lease................... 17 -
Current portion of lease inducements............. 52 52
---------- ----------
Total current liabilities...................... 9,779 8,478
Other long-term payables........................... 718 491
Obligation under capital lease, long-term.......... 30 -
Lease inducements, net of current portion.......... 35 87
---------- ----------
Total liabilities.............................. 10,562 9,056
SHAREHOLDERS' EQUITY
Share capital.................................... 38,624 36,514
Contributed surplus.............................. 9,021 7,044
Retained earnings (deficit)...................... (9,131) 1,369
Accumulated other comprehensive loss............. (62) -
---------- ----------
Total shareholders' equity..................... 38,452 44,927
---------- ----------
Total liabilities and shareholders' equity..... $ 49,014 $ 53,983
---------- ----------
---------- ----------
CERTICOM CORP.
CONSOLIDATED STATEMENTS OF OPERATIONS AND RETAINED EARNINGS
-----------------------------------------------------------
(In thousands of U.S. dollars, except number of shares and
per share data)
Years ended April 30,
--------------------------------
2008 2007 2006
---------- ---------- ----------
Revenues................................ $ 16,615 $ 21,353 $ 15,135
---------- ---------- ----------
Costs and expenses:
Cost of product and intellectual
property sales....................... 18 207 126
Cost of services...................... 3,301 2,614 1,648
Sales and marketing................... 7,688 9,211 7,017
Product development and engineering... 6,964 6,213 4,873
General and administrative............ 7,294 4,686 3,315
Depreciation of property
and equipment........................ 827 703 570
Amortization of patents............... 389 428 400
Stock-based compensation.............. 2,293 1,742 1,030
---------- ---------- ----------
Total costs and expenses............ 28,774 25,804 18,979
---------- ---------- ----------
Loss from operations.................... (12,159) (4,451) (3,844)
Other income (expense):
Interest income....................... 1,846 1,814 766
Interest expense and
other income, net.................... 57 (22) (76)
---------- ---------- ----------
Total other income.................. 1,903 1,792 690
---------- ---------- ----------
Loss before income taxes................ (10,256) (2,659) (3,154)
Income tax expense...................... 244 474 -
---------- ---------- ----------
Net loss for the year................... (10,500) (3,133) (3,154)
Retained earnings, beginning of year.... 1,369 4,502 7,656
---------- ---------- ----------
Retained earnings (deficit),
end of year............................ $ (9,131) $ 1,369 $ 4,502
---------- ---------- ----------
---------- ---------- ----------
Basic and diluted net loss per
common share........................... $ (0.24) $ (0.08) $ (0.08)
---------- ---------- ----------
---------- ---------- ----------
Weighted average shares used in
computing basic and diluted net loss
per common share (000's)............... 43,544 41,453 38,162
---------- ---------- ----------
---------- ---------- ----------
CERTICOM CORP.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE GAIN (LOSS)
(In thousands of U.S. dollars)
Years ended April 30,
--------------------------------
2008 2007 2006
---------- ---------- ----------
Net loss for the period................. $(10,500) $ (3,133) $ (3,154)
Other comprehensive income:
Net unrealized loss on derivatives
designated as cash flow hedges....... (402) - -
---------- ---------- ----------
Comprehensive loss...................... $(10,902) $ (3,133) $ (3,154)
---------- ---------- ----------
---------- ---------- ----------
CERTICOM CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands of U.S. dollars)
Years ended April 30,
--------------------------------
2008 2007 2006
---------- ---------- ----------
Cash provided by (used in):
Operating activities:
Net loss for the year................. $(10,500) $ (3,133) $ (3,154)
Items not affecting cash:
Depreciation of property
and equipment...................... 827 703 570
Amortization of patents............. 389 428 400
Stock-based compensation............ 2,293 1,742 1,030
Amortization of lease inducements... (52) (52) (63)
Net change in non-cash operating
working capital...................... 2,233 (2,056) 365
---------- ---------- ----------
Net cash used in operating
activities......................... (4,810) (2,368) (852)
Investing activities:
Purchase of property and equipment.... (750) (874) (475)
Purchase of patents................... (942) (762) (660)
Maturity (purchase) of marketable
securities, net...................... 2,953 (17,062) (154)
Decrease in restricted cash........... - - 617
---------- ---------- ----------
Net cash provided by (used in)
investing activities............... 1,261 (18,698) (672)
Financing activities:
Proceeds from issuance of
common stock, net.................... 2,100 22,419 872
Common shares repurchased............. (306) - -
---------- ---------- ----------
Net cash provided by financing
activities......................... 1,794 22,419 872
Effect of exchange rate on cash and
cash equivalents....................... (1) - 9
---------- ---------- ----------
Increase (decrease) in cash and
cash equivalents....................... (1,756) 1,353 (643)
Cash and cash equivalents,
beginning of year...................... 3,397 2,044 2,687
---------- ---------- ----------
Cash and cash equivalents,
end of year............................ $ 1,641 $ 3,397 $ 2,044
---------- ---------- ----------
---------- ---------- ----------
Certicom Corp.
CONTACT: Investors and Financial Analysts: Herve Seguin, Chief Financial Officer, Certicom Corp., (905) 501-3827, hseguin@certicom.com; Media: John Callahan, Director, Public Relations & Marketing Communications, Certicom Corp., (703) 234-2357, jcallahan@certicom.com; http://www.certicom.com/
News archive of December 2009
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
News Archives of June 2008
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
News Archives other dates
2009: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2008: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2007: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2006: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec |