Companies news of 2008-06-16 (page 5)
Agilysys Expands JPMorgan's Role to Explore and Assist in Evaluating Strategic and...
Silicon Image Responds to Analogix Semiconductor Lawsuit
Microsoft and Nortel Make Unified Communications Available to Businesses Everywhere
Microsoft Introduces First Embedded Operating System Optimised Specifically for Portable...
Updated Microsoft Hosted Messaging and Collaboration Solution Gives Service Providers...
RFMD(R) to Showcase Broad Portfolio of Communications Components at IEEE MTT-S 2008
Harris Corporation Awarded an IDIQ Contract with Potential Value of $77 Million for U.S....
Atmel Introduces picoPower tinyAVR Microcontrollers for Battery-based and Cost-sensitive...
Aligntechinstitute.com Wins International Award of Excellence From Healthcare...
Salesforce Summer '08 Now Live - Bringing the Power of Cloud Computing to the...
Elbit Systems of America Enhances its Marketing Organization by Adding Two Key...
Integral Systems Moving Headquarters to Howard County, Maryland, for Continued...
Exar Announces Key Executive Management Additions
Salesforce.com Chairman and CEO to Speak at Tour de Force EventEvent to be webcast live on...
Cimatron to be Fastest Growing CAM Vendor in 2008 - Predicts CIMdataReport Ranks Cimatron...
Virgin Mobile USA Asks Music Fans to 'Book the Band' for the 2008 Virgin Mobile...
Verizon Business' IP Networking Powers Thing5 Software-as-a-Service OfferingAgreement With...
Global Crossing Reports GCUK's First Quarter 2008 Results
Hughes to Provide Barrett Xplore with Hughes SPACEWAY 3 Satellite Equipment &...
[video] Wallst.net's '3 Minute Press Show' Features Executive Interviews and Highlights...
Atmel Introduces picoPower tinyAVR Microcontrollers for Battery-based and Cost-sensitive...
Micrel Enables World's Smallest Load Switch With Highest Current for Maximum Mobile...
Joytoto USA, Inc. Announces Plans to Distribute the Popular Online Video Game 'The Great...
SmartStream Technologies Banks on Informatica to Accelerate Customer ROIExtends leadership...
New Orbitz Price Assurance(SM) - If Our Airfare Drops, Travelers Get Automatic Cash...
Amdocs Unveils Industry's First On-Demand Charging and Service Delivery OfferingAmdocs...
The Teltronics Cerato SE Receives the 2007 Product of the Year Award from Communications...
Motorola WiMAX Accelerates the Delivery of Personal Media Experiences at WiMAX Forum...
Global Crossing Reports GCUK's First Quarter 2008 Results
Micrel Enables World's Smallest Load Switch With Highest Current for Maximum Mobile...
Agilysys Expands JPMorgan's Role to Explore and Assist in Evaluating Strategic and Financial Alternatives- Expands evaluation to maximize creation of long-term shareholder value- Defers annual meeting pending completion of strategic evaluation
BOCA RATON, Fla., June 16 /PRNewswire-FirstCall/ -- Agilysys, Inc. , a leading provider of innovative IT solutions, today announced that its Board of Directors has authorized the company's management and financial advisors to explore a range of strategic and financial alternatives to enhance shareholder value. These alternatives include, but are not limited to, continued implementation of Agilysys current strategic growth plan, a sale of certain assets or the entire company, formation of joint ventures, and a change to the company's capital structure. The company has retained JPMorgan as financial advisor in the evaluation process.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030915/AGLSLOGO )
The company also announced that it is deferring its Aug. 1, 2008, annual meeting of shareholders pending completion of the strategic evaluation.
Agilysys cautions there can be no assurance that the exploration of alternatives will result in a fundamental change to the company's current strategic growth plan. The company only intends to disclose developments regarding the process when the Board of Directors has received recommendations from JPMorgan and has completed its consideration of financial and strategic alternatives. Agilysys announced May 13 that it had re-engaged JPMorgan to assist in assessing the ongoing timing and implementation of its strategic growth strategy.
"Given recent developments in our markets and the current macroeconomic environment, we have expanded the process to further evaluate all strategic options available to us to appropriately maximize the creation of long-term shareholder value," said Arthur Rhein, chairman, president and chief executive officer of Agilysys.
Forward-Looking Language
Portions of this release, particularly the statements made by management and those that are not historical facts, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current assumptions and expectations, and are subject to risks and uncertainties, many of which are beyond the control of Agilysys. Many factors could cause the actual results of Agilysys to differ materially from those anticipated by the forward-looking statements. These factors include those referenced in the Annual Report on Form 10-K or as may be described from time to time in Agilysys subsequent Securities and Exchange Commission (SEC) filings.
Potential factors that could cause actual results to differ materially from those expressed or implied by such statements include, but are not limited to, those relating to Agilysys long-term financial goals, anticipated revenue gains, sales volume, margin improvements, cost savings, capital expenditures, depreciation and amortization, and new product introductions.
Other associated risks include geographic factors, political and economic risks, the actions of Agilysys competitors and vendors, changes in economic or industry conditions in the markets served by Agilysys, the ability to appropriately integrate and derive performance from acquisitions, strategic alliances, and joint ventures, and the ability of the company to identify and complete a strategic transaction.
In addition, this release contains time-sensitive information and reflects management's best analysis only as of the date of this release. Agilysys does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Information on the potential factors that could affect Agilysys actual results of operations is included in its filings with the SEC, including, but not limited to, its Annual Report on Form 10-K for the fiscal year ended March 31, 2007. Interested persons can obtain it free at the SEC's Web site, http://www.sec.gov/ .
About Agilysys
Agilysys is a leading provider of innovative IT solutions to corporate and public-sector customers, with special expertise in select markets, including retail and hospitality. The company uses technology - including hardware, software and services - to help customers resolve their most complicated IT needs. The company possesses expertise in enterprise architecture and high availability, infrastructure optimization, storage and resource management, identity management and business continuity; and provides industry-specific software, services and expertise to the retail and hospitality markets. Headquartered in Boca Raton, Fla., Agilysys operates extensively throughout North America, with additional sales offices in the United Kingdom and China. For more information, visit http://www.agilysys.com/ .
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20030915/AGLSLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Agilysys, Inc.
CONTACT: Martin Ellis, Executive Vice President, Treasurer and Chief Financial Officer of Agilysys, Inc., +1-561-999-8780, martin.ellis@agilysys.com
Web Site: http://www.agilysys.com/
Silicon Image Responds to Analogix Semiconductor Lawsuit
SUNNYVALE, Calif., June 16 /PRNewswire-FirstCall/ -- Silicon Image, Inc. , a leader in semiconductors and intellectual property for the secure storage, distribution and presentation of high-definition content, today announced that Analogix Semiconductor, Inc. has filed a complaint against Silicon Image in the United States District Court for the Northern District of California, alleging that Silicon Image conducts its business in a manner contrary to the antitrust laws of the United States, including with respect to the operation of HDMI Licensing, LLC, and Simplay Labs, LLC, wholly owned subsidiaries of Silicon Image.
Silicon Image believes this filing is in connection with the earlier lawsuit filed by Silicon Image in January 2007 against Analogix in the United States District Court for the Northern District of California, accusing Analogix of copyright infringement, misappropriation of trade secrets, and unlawful business practices. The case is scheduled to go to trial in September 2008. In its lawsuit, Silicon Image alleges that Analogix, without authorization and in violation of Silicon Image's intellectual property rights, copied and utilized Silicon Image's proprietary register maps and semiconductor configuration software.
"It is unfortunate that, as the trial date for our case against Analogix approaches, they have chosen to file a complaint against Silicon Image containing allegations that are without merit and an attempt to distract from the legitimate issues about Analogix's business practices raised in our litigation against the company," said Edward Lopez, Silicon Image's chief legal officer.
HDMI technology has been adopted by more than 800 semiconductor, consumer electronics and PC manufacturers; all producing a wide variety of HDMI-enabled products. According to a December 2007 report by market research firm In-Stat, over 229 million devices incorporating HDMI technology are expected to ship in 2008, with an installed base of nearly 1 billion HDMI-enabled devices projected by 2010.
About Silicon Image, Inc.
Silicon Image, Inc. is a global leader in driving the architecture and semiconductor implementation for the secure storage, distribution and presentation of high-definition content in the consumer electronics, personal computing, and mobile device markets. With a rich history of technology innovation that includes creating industry standards such as SATA, DVI and HDMI, Silicon Image partners with the world's leading entertainment creators and electronics manufacturers to deliver digital HD content to consumers anytime, anywhere, on any device. Silicon Image is also a leading provider of semiconductor intellectual property solutions for high-definition multimedia and data storage applications. Additionally, Simplay Labs, LLC, a wholly-owned subsidiary of Silicon Image, offers robust testing tools, technologies, support services, consulting and product certification to electronics manufacturers to maximize performance, interoperability and ensure the highest-quality HD experience to consumers. With engineering, sales and customer support facilities located throughout North America, Asia and Europe,
Silicon Image is globally headquartered in Sunnyvale, California. For more information, please visit http://www.siliconimage.com/.
NOTE: Silicon Image and Simplay HD are trademarks, registered trademarks or service marks of Silicon Image, Inc. in the United States and other countries. HDMI and High-Definition Multimedia Interface are trademarks or registered trademarks of HDMI Licensing, LLC in the United States and other countries, and are used under license from HDMI Licensing, LLC. All other trademarks and registered trademarks are the property of their respective owners.
Forward-Looking Statements
This news release contains forward-looking information within the meaning of federal securities laws and regulations. These forward-looking statements include statements related to the possible outcome of this case or any other litigation. These forward-looking statements involve risks and uncertainties, including those described from time to time in Silicon Image's filings with the Securities and Exchange Commission (SEC), that could cause the actual results to differ materially from those anticipated by these forward-looking statements. In particular, the ultimate outcome of this case or any litigation is always uncertain and may differ materially from what is currently anticipated. In addition, see the Risk Factors section of the most recent Form 10-K or Form 10-Q filed by Silicon Image with the SEC. Silicon Image assumes no obligation to update any forward-looking information contained in this press release.
Silicon Image, Inc.
CONTACT: Media Relations, Kasey Holman, +1-408-616-4192, kasey.holman@siliconimage.com, or Investor Relations, David Allen, +1-408-616-4003, Fax, +1-408-830-9531, david.allen@siliconimage.com, both of Silicon Image, Inc.
Web site: http://www.siliconimage.com/
Microsoft and Nortel Make Unified Communications Available to Businesses Everywhere
LAS VEGAS, June 16 /PRNewswire/ --
- Nortel delivers first integration with Microsoft's carrier-hosted HMC
4.5 unified communications solution.
Today at NXTcomm08, Microsoft Corp and Nortel announced a fully hosted
carrier solution that delivers a unified communications experience to small
and midsize businesses (SMBs), extending benefits previously available only
to large enterprises. The hosted solution is based on the Nortel
Communications Server 2000 (CS 2000), an Internet Protocol multimedia
softswitch, and the Microsoft Solution for Hosted Messaging and Collaboration
Version 4.5 (HMC 4.5), which comprises hosted versions of Microsoft Office
Communications Server 2007 and Microsoft Exchange Server 2007. Nortel is
delivering the first integration with HMC 4.5 to help manage real-time
communications and deliver a unified messaging experience. In addition, to
help carriers simplify and accelerate deployment, Nortel's Global Services
portfolio provides a comprehensive suite of integration and end-user services
to complete the end-to-end solution.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)
By combining the carrier-grade CS 2000 with HMC 4.5, service providers
can offer SMBs new, powerful unified communications that combine real-time
communications, such as voice, with Microsoft's collaboration services, such
as click-to-call, click-to-conference, missed call e-mail messages, mobility
and telephony presence. These features all work seamlessly with the Microsoft
Office portfolio and the Microsoft Office Communicator client to bring a
unique experience to the end user. This new solution also allows SMBs to
benefit from unified communications without having to purchase, install,
manage and maintain additional network infrastructure and complex in-house
systems, enabling them to save operational costs and increase productivity.
"Unified communications is a strategic purchase that, up until today, has
been leveraged primarily by the large enterprise," said Ruchi Prasad, vice
president and general manager of the Innovative Communications Alliance at
Nortel. "This enhanced joint Microsoft and Nortel solution makes unified
communications accessible to businesses of all sizes. For service providers,
this solution offers new revenue opportunities and the ability to expand
their addressable market and deliver higher-value application and service
bundles to their customers."
"We are currently seeing strong interest in the hosted unified
communications solution among our service provider customers," said Steve
Zimba, managing director, Global Telecom Business, Microsoft. "The fully
hosted unified communications solution provides opportunities for increased
revenue and helps service providers deliver the connected work style to SMBs,
providing the ability to communicate virtually anytime, anywhere and on any
device."
At NXTcomm08, Microsoft and Nortel will showcase the hosted unified
communications solution and demonstrate its value in enhancing business
agility. NXTcomm08 attendees can obtain additional information by visiting
the Microsoft booths SL5916 and SL5923 and the Nortel booth SL3516.
Additional information can be found at
http://www.microsoft.com/serviceproviders/nxtcomm08.
About Nortel
Nortel is a recognized leader in delivering communications capabilities
that make the promise of Business Made Simple a reality for our customers.
Our next-generation technologies, for both service provider and enterprise
networks, support multimedia and business-critical applications. Nortel's
technologies are designed to help eliminate today's barriers to efficiency,
speed and performance by simplifying networks and connecting people to the
information they need, when they need it. Nortel does business in more than
150 countries around the world. For more information, visit Nortel on the Web
at http://www.nortel.com. For the latest Nortel news, visit
http://www.nortel.com/news.
About Microsoft
Founded in 1975, Microsoft (Nasdaq: MSFT) is the worldwide leader in
software, services and solutions that help people and businesses realise
their full potential.
About Microsoft EMEA (Europe, Middle East and Africa)
Microsoft has operated in EMEA since 1982. In the region Microsoft
employs more than 16,000 people in over 64 subsidiaries, delivering products
and services in more than 139 countries and territories.
This material is for informational purposes only. Microsoft Corp
disclaims all warranties and conditions with regard to use of the material
for other purposes. Microsoft Corp shall not, at any time, be liable for any
special, direct, indirect or consequential damages, whether in an action of
contract, negligence or other action arising out of or in connection with the
use or performance of the material. Nothing herein should be construed as
constituting any kind of warranty.
Web site: http://www.microsoft.com
http://www.nortel.com
Microsoft Corp
US: Miranda MacDonald of Nortel, +1-905-863-1098, mirandam@nortel.com; or Heather Schwenk, +1-425-452-5472, hschwenk@webershandwick.com ; Europe, the Middle East and Africa: Robin Clark, +44-20-7067-0522, rclark@webershandwick.com, Asia Pacific: Marie Loh, +65-6825-8026, mloh@webershandwick.com, all of Weber Shandwick for Microsoft / NOTE TO EDITORS: If you are interested in viewing additional information on Microsoft in EMEA, please visit http://www.microsoft.com/emea or the EMEA Press Centre at http://www.microsoft.com/emea/presscentre. web links, telephone numbers and titles were correct at the time of publication, but may since have changed. For additional assistance, journalists and analysts may contact the appropriate contacts listed at http://www.microsoft.com/emea/presscentre/contactus.mspx. If you are interested in viewing additional information on Microsoft Corp, please visit the Microsoft web page at http://www.microsoft.com/presspass on Microsoft's corporate information pages./Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk photodesk@prnewswire.com
Microsoft Introduces First Embedded Operating System Optimised Specifically for Portable Navigation Device (PND) Manufacturers
REDMOND, Washington, June 16 /PRNewswire/ --
- Windows Embedded NavReady 2009 provides a platform enabling original
equipment manufacturers (OEMs) to quickly build next-generation connected
PNDs.
Microsoft Corp today announced the availability of Windows Embedded
NavReady 2009, Microsoft's first embedded operating system designed
specifically for OEMs building handheld portable navigation devices (PNDs).
Windows Embedded NavReady 2009 delivers innovative technologies to help
developers and OEMs quickly bring to market smart, connected,
service-oriented PNDs that easily connect to online services, mobile phones
using Bluetooth, Windows-based PCs and the internet. Based on Windows
Embedded CE, Windows Embedded NavReady 2009 builds upon a decade of
experience and success that the Windows Embedded Business has achieved by
helping developers and OEMs simplify the development, user experience and
maintenance of their PND designs.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)
"As demand for personal navigation devices continues to increase, and
existing owners look to upgrade from their original devices, original
equipment manufacturers must continue to innovate and enhance their products
with features that will attract a variety of users," said Chris Jones,
Canalys vice president and principal analyst. "Personal navigation solutions
will increasingly become connected, which will open up new opportunities to
add value through the delivery of dynamic information and location-based
services. But this is a highly competitive market and it is important that
businesses like Windows Embedded help OEMs and others bring these rich
devices to market quickly and efficiently."
Windows Embedded NavReady 2009 Key Features
This release also provides a number of benefits that can help developers
and OEMs quickly bring to market new scenarios in which the PND connects to
other devices and online services. Features include the following:
-- Live Search delivers OEMs and partners key elements enabling
internet-based Live Search on devices to find up-to-date points of
interest similar to the ones provided by the Live Search Maps service.
-- Bluetooth technologies enable OEMs to provide rich, hands-free
scenarios to users with the following profiles: Hands Free, Pairing
Service, Phone Book Access, Advanced Audio Distribution, Audio and
Video Remote Control, Dial Up Networking and Bluetooth Connection
Manager. Users will be able to use their PND device as a hands-free
device to make phone calls or data connections when the device is
paired with a compatible phone enabled with Bluetooth.
-- MSN Direct enables OEMs to incorporate MSN Direct technologies. These
technologies can reduce users' commute time while enhancing the travel
experience by providing up-to-date information such as traffic alerts
and fuel prices.
-- Windows SideShow functionality helps enable the PND as a secondary
display screen for many Windows Vista-based PCs*, allowing Windows
SideShow gadgets to interact and exchange information with the PND and
providing a rich user experience at home or work.
"As a leading designer and manufacturer of portable navigation devices we
have relied on Windows Embedded CE as a proven real-time operating system for
our Mio product line," said Samuel Wang, president of Mio Technology Corp.
"With the launch of Windows Embedded NavReady 2009 and the introduction of
features including Live Search, MSN Direct and Bluetooth capabilities, we are
looking forward to bringing our next-generation PNDs to market with a richer
end-user experience and in a reduced timeframe."
"Windows Embedded powers many of the portable navigation devices in the
marketplace," said Kevin Dallas, general manager of the Windows Embedded
Business at Microsoft. "Our commitment to this segment has always been about
providing the platform and tools that give our OEM partners the most
innovative technologies while reducing the complexity of development. We
firmly believe the release of Windows Embedded NavReady 2009 helps us fulfil
this promise by taking the PND experience to the next level. Adopting Windows
Embedded NavReady 2009 today will allow device-makers and solution providers
to focus on innovation while bringing smart, connected, service-oriented
portable navigation devices to market in time for the 2008 holiday retail
season and beyond."
With the addition of the Windows Embedded NavReady 2009 solution, Windows
Embedded now presents two device category-specific offerings: Windows
Embedded NavReady 2009 and Windows Embedded POSReady. Windows Embedded
POSReady, the next generation of Windows Embedded for Point of Service, is
scheduled to ship in 2009.
About Microsoft
Founded in 1975, Microsoft (Nasdaq: MSFT) is the worldwide leader in
software, services and solutions that help people and businesses realise
their full potential.
About Microsoft EMEA (Europe, Middle East and Africa)
Microsoft has operated in EMEA since 1982. In the region Microsoft
employs more than 16,000 people in over 64 subsidiaries, delivering products
and services in more than 139 countries and territories.
* Works with Windows Vista Home Premium, Windows Vista Enterprise,
Windows Vista Business and Windows Vista Ultimate.
This material is for informational purposes only. Microsoft Corp
disclaims all warranties and conditions with regard to use of the material
for other purposes. Microsoft Corp shall not, at any time, be liable for any
special, direct, indirect or consequential damages, whether in an action of
contract, negligence or other action arising out of or in connection with the
use or performance of the material. Nothing herein should be construed as
constituting any kind of warranty.
To download the Windows Embedded NavReady 2009 technologies:
http://www.WindowsEmbedded.com/NavReady
Web site: http://www.microsoft.com
Microsoft Corp
Rebecca Beyer of Weber Shandwick, +1-212-445-8463, rbeyer@webershandwick.com, for Microsoft Corp / NOTE TO EDITORS: If you are interested in viewing additional information on Microsoft in EMEA, please visit http://www.microsoft.com/emea or the EMEA Press Centre at http://www.microsoft.com/emea/presscentre . Web links, telephone numbers and titles were correct at the time of publication, but may since have changed. For additional assistance, journalists and analysts may contact the appropriate contacts listed at http://www.microsoft.com/emea/presscentre/contactus.mspx. If you are interested in viewing additional information on Microsoft Corp, please visit the Microsoft web page at http://www.microsoft.com/presspass on Microsoft's corporate information pages. / Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO , AP Archive: http://photoarchive.ap.org , PRN Photo Desk, photodesk@prnewswire.com
Updated Microsoft Hosted Messaging and Collaboration Solution Gives Service Providers Expanded Business Communication Services to Attract SMBs
LAS VEGAS, June 16 /PRNewswire/ --
- Latest version adds voice and webconferencing capabilities; partners
broaden solution with unified communications services and hosting automation
tools.
Today at NXTcomm08, Microsoft Corp announced the general availability of
Microsoft Solution for Hosted Messaging and Collaboration (HMC) Version 4.5,
offering service providers a robust platform to deliver integrated,
streamlined communications services to small and midsize businesses (SMBs).
The latest version adds new services enabled by Microsoft Office
Communications Server 2007, providing enhanced collaboration and presence
functionality by integrating contact information with the various ways people
communicate. In addition, Microsoft partners, including network equipment
providers, independent software vendors and systems integrators, have built
solutions extending the HMC 4.5 platform. These range from delivering
advanced voice capabilities to empowering end customers with hosting
automation tools, as well as developing consulting practices for solution
deployments, upgrades and further customisation.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)
With support for Microsoft Office Communications Server 2007 and
Microsoft Exchange Server 2007, HMC 4.5 facilitates real-time communications
and delivers a unified messaging experience. In addition to the integration
of e-mail, fax and telephony into the PC desktop, mobile devices and web
access, HMC 4.5 also enables new voice over Internet Protocol (VoIP)
capabilities, including PC-to-PC calling and webconferencing. As companies
are increasingly relying on mobile and remote workers, these new services
offer workers the same voice and data communications they would have if they
were in the office.
In addition, HMC 4.5 takes advantage of the recently launched Windows
Server 2008 operating system with Internet Information Services 7.0 (IIS7) to
provide new virtualisation capabilities and security enhancements. With these
capabilities, service providers can realise improved resource utilisation and
have a reliable platform for an optimised datacenter deployment.
"Service providers today need a robust platform that they can reliably
scale to deliver new services, support customers and manage costs," said
Steve Zimba, managing director of the Global Telecom Business at Microsoft.
"Hosted Messaging and Collaboration Version 4.5 addresses these requirements
and allows service providers to differentiate their offerings by creating
service bundles, offering private-label solutions for the broader IT channel,
and creating targeted, customised solutions."
Partners Extend Opportunities With HMC 4.5
A number of partners are currently working to build additional
applications on the HMC 4.5 platform, including Nortel, BroadSoft Inc and
Sylantro Systems Corp. Nortel has combined HMC 4.5 with its Communications
Server 2000 Internet Protocol multimedia softswitch to deliver a new,
powerful unified communications solution offering real-time communications,
such as PC-to-PSTN calling, with Microsoft's collaboration services, such as
click-to-call, click-to-conference, missed-call e-mail messages, mobility
and telephony presence. BroadSoft and Sylantro plan to launch similar
offerings in late 2008.
In addition, Microsoft partners ExtendASP, Ensim Corp and Parallels have
extended HMC 4.5 to offer management software designed to empower customers
and simplify administration tasks with delegated administration, automated
provisioning, and device and client configuration.
"At Ensim, our mission is to create software for service providers that
allows them to focus on promoting and selling their hosted services rather
than operations and development," said Francois Depayras, vice president of
marketing and alliances at Ensim. "With HMC 4.5 and its support for Microsoft
Office Communications Server, we are excited to further support a broad range
of applications that will provide end customers an extensive selection to
choose from."
Microsoft has also partnered with consulting companies, such as
implement.com Corp and Planet Technologies, to develop consulting practices
to support HMC 4.5. These practices are designed to assist service providers
with installation and solution upgrades, and to provide training and
documentation services to ensure best practices are followed.
"As a consulting company that specialises in Microsoft technologies,
implement.com is ready to work with service providers to roll out HMC 4.5 and
help customise it according to their specific functionality requirements,"
said Steve Schwartz, chief executive officer of implement.com.
NXTcomm08 attendees can obtain additional information by visiting
Microsoft booths SL5916 and SL5923. Further details on HMC 4.5 are available
at http://www.microsoft.com/serviceproviders/solutions/hostedmessaging.mspx.
About Microsoft
Founded in 1975, Microsoft (Nasdaq: MSFT) is the worldwide leader in
software, services and solutions that help people and businesses realise
their full potential.
About Microsoft EMEA (Europe, Middle East and Africa)
Microsoft has operated in EMEA since 1982. In the region Microsoft
employs more than 16,000 people in over 64 subsidiaries, delivering products
and services in more than 139 countries and territories.
This material is for informational purposes only. Microsoft Corp
disclaims all warranties and conditions with regard to use of the material
for other purposes. Microsoft Corp shall not, at any time, be liable for any
special, direct, indirect or consequential damages, whether in an action of
contract, negligence or other action arising out of or in connection with the
use or performance of the material. Nothing herein should be construed as
constituting any kind of warranty.
Web site: http://www.microsoft.com
Microsoft Corp
US, Heather Schwenk, +1-425-452-5472, hschwenk@webershandwick.com, or Europe, the Middle East and Africa, Robin Clark, +44-20-7067-0522, rclark@webershandwick.com, or Asia Pacific, Marie Loh, +65-6825-8026, mloh@webershandwick.com, all of Weber Shandwick, for Microsoft Corp / NOTE TO EDITORS: If you are interested in viewing additional information on Microsoft in EMEA, please visit http://www.microsoft.com/emea or the EMEA Press Centre at http://www.microsoft.com/emea/presscentre. Web links, telephone numbers and titles were correct at the time of publication, but may since have changed. For additional assistance, journalists and analysts may contact the appropriate contacts listed at http://www.microsoft.com/emea/presscentre/contactus.mspx. If you are interested in viewing additional information on Microsoft Corp, please visit the Microsoft web page at http://www.microsoft.com/presspass on Microsoft's corporate information pages. /Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO , AP Archive: http://photoarchive.ap.org , PRN Photo Desk, photodesk@prnewswire.com
RFMD(R) to Showcase Broad Portfolio of Communications Components at IEEE MTT-S 2008
GREENSBORO, N.C., June 16 /PRNewswire-FirstCall/ -- RF Micro Devices, , a global leader in the design and manufacture of high-performance semiconductor components, today announced it will showcase its industry-leading RF product portfolio at the IEEE MTT-S International Microwave Symposium 2008, June 17-19, in Atlanta, Georgia. RFMD(R) delivered this year's keynote address for the RFIC Symposium Plenary Session, and RFMD executives will participate in over a dozen separate sessions during the symposium covering various technical topics.
RFMD's broad, industry-leading product portfolio serves more than 30 diverse markets. RFMD will showcase products for multiple markets at MTT-S, including Aerospace & Defense, Broadband, Consumer, Wireless Infrastructure, WiFi, WiMAX and general purpose RF components. The Company will also showcase its industry-leading portfolio of cellular front ends for handsets as well as other high-performance cellular components, including cellular switches and front end power management components.
RFMD will showcase its broad portfolio of semiconductor components at the IEEE MTT-S International Microwave Symposium 2008, June 17-19, at the Georgia World Congress Center in Atlanta, Georgia, in Booth 1311.
About RFMD: RF Micro Devices, Inc. is a global leader in the design and manufacture of high-performance semiconductor components. RFMD's products enable worldwide mobility, provide enhanced connectivity and support advanced functionality in the cellular handset, wireless infrastructure, wireless local area network (WLAN), CATV/broadband and aerospace and defense markets. RFMD is recognized for its diverse portfolio of semiconductor technologies and RF systems expertise and is a preferred supplier to the world's leading mobile device, customer premises and communications equipment providers.
Headquartered in Greensboro, N.C., RFMD is an ISO 9001- and ISO 14001-certified manufacturer with worldwide engineering, design, sales and service facilities. RFMD is traded on the NASDAQ Global Select Market under the symbol RFMD. For more information, please visit RFMD's web site at http://www.rfmd.com/.
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under the federal securities laws. RF Micro Devices' business is subject to numerous risks and uncertainties, including variability in quarterly operating results, the rate of growth and development of wireless markets, risks associated with our planned exit from our wireless systems business, including cellular transceivers and GPS solutions, the risk that restructuring charges may be greater than originally anticipated and that the cost savings and other benefits from the restructuring may not be achieved, risks associated with the operation of our wafer fabrication facilities, molecular beam epitaxy facility, assembly facility and test and tape and reel facilities, our ability to complete acquisitions and integrate acquired companies, including the risk that we may not realize expected synergies from our business combinations, our ability to attract and retain skilled personnel and develop leaders, variability in production yields, our ability to reduce costs and improve gross margins by implementing innovative technologies, our ability to bring new products to market, our ability to adjust production capacity in a timely fashion in response to changes in demand for our products, dependence on a limited number of customers, and dependence on third parties. These and other risks and uncertainties, which are described in more detail in RF Micro Devices' most recent Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.
RF MICRO DEVICES(R) and RFMD(R) are trademarks of RFMD, LLC. All other trade names, trademarks and registered trademarks are the property of their respective owners.
RF Micro Devices
CONTACT: Doug DeLieto, VP, Investor Relations, +1-336-678-7968, Jerry Neal, Executive Vice President, +1-336-678-7001, both of RF Micro Devices
Web site: http://www.rfmd.com/
Harris Corporation Awarded an IDIQ Contract with Potential Value of $77 Million for U.S. Navy Commercial Broadband Satellite ProgramSATCOM Terminals Will Provide Internet and Video Communications On Frigates, Cruisers, and Destroyers
MELBOURNE, Fla., June 16 /PRNewswire-FirstCall/ -- Harris Corporation , an international communications and information technology company, has received a potential five-year, $77 million Indefinite Delivery/Indefinite Quantity (IDIQ) contract from the U.S. Navy for development and production of multiband satellite communications terminals that will provide high-speed communications for military personnel serving onboard cruisers and destroyers. Under the IDIQ contract, the company received an initial award valued at $17.5 million.
Harris will supply up to 55 1.3-meter satellite communications terminals with X- and Ku-band capabilities for the Navy's Commercial Broadband Satellite Program (CBSP) Unit Level Variant. The higher bandwidth capacity of these terminals will enable the Navy to enhance morale-related communications services, such as providing high-speed Internet access and video communications onboard destroyers and other unit level ships, which carry as many as 300 military personnel.
"High-bandwidth satellite communications are a core competency of Harris. These SATCOM terminals will significantly enhance the Navy's ability to offer shipboard personnel access to Internet services, thereby play a key role in supporting programs that maintain high morale and wellbeing," said Wes Covell, president of Harris Defense Programs. "We are very proud that the Navy has again selected Harris as its provider of shipboard communications systems."
Harris announced on May 28 that it was selected by the Navy to provide broadband SATCOM terminals for the CBSP Force Level Variant for aircraft carriers and amphibious assault ships.
Harris Defense Programs develops, supplies, and integrates communications and information processing products, systems, and networks for a diverse base of aerospace, terrestrial and maritime applications supporting U.S. Department of Defense missions. Harris is committed to delivering leading-edge technologies that support the military's ongoing transformation to network- centric communications.
About Harris Corporation
Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has annual revenue of more than $5 billion and 16,000 employees - including nearly 7,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications(R) products, systems, and services. Additional information about Harris Corporation is available at http://www.harris.com/.
Forward-Looking Statements
This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about the expected value of the program to Harris are forward-looking and involve risks and uncertainties. Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Harris Corporation
CONTACT: Sleighton Meyer, Harris Defense Programs, +1-321-727-6514, sleighton.meyer@harris.com; or Jim Burke, Harris Corporation, +1-321-727-9131, jim.burke@harris.com; or Marc Raimondi, Harris Corporation - Washington, D.C., +1-202-739-3732, marc.raimondi@harris.com
Web site: http://www.harris.com/
Atmel Introduces picoPower tinyAVR Microcontrollers for Battery-based and Cost-sensitive Applications
SAN JOSE, Calif., June 16 /PRNewswire/ -- Atmel(R) Corporation announced today two new low power 32-pin tinyAVR(R) microcontrollers, the ATtiny48 and ATtiny88 devices which have 4- and 8-Kbytes of Flash memory, respectively. These AVR(R) microcontrollers consume less than 240 uA at 1.8V and 1 MHz, and below 100 nA in power-down mode and are especially suited for portable and power sensitive systems such as remote control, accessories and small appliances.
The new tinyAVR microcontrollers utilize Atmel's industry leading picoPower(TM) technology that eliminates unnecessary power consumption. They have a zero power brown-out detection circuitry that can be turned off during sleep modes, a power reduction register that powers down individual peripherals, and digital input disable registers that remove leakage current on ADC input pins.
The ATtiny48/88 operates from 1.8 to 5.5 volts and features a 10-bit ADC, SPI, I2C interface, internal temperature sensor, and have up to 12 MIPS throughput at 12 MHz. Like all the other AVR microcontrollers, the ATtiny48/88 features an on-chip debug system for easy, fast, and robust development.
"Atmel's successful picoPower megaAVR(R) devices offer the best-in-class power saving features and performance. The ATtiny48/88 is now extending the reach, offering an affordable solution for applications that require very low power consumption and are very cost sensitive. Our customers in the consumer electronics market want to develop products that consume less and less power, and the new ATtiny48/88 are a perfect fit," said Jukka Eskelinen, Director of tinyAVR Product Marketing.
All tinyAVR microcontrollers use the standard AVR microcontroller development tools. The AVR Studio(R) AVR integrated development environment is available free of charge on Atmel's web site.
Availability and Pricing
Samples for the ATtiny48 are available now, the ATtiny88 will be available in 3Q2008 in the following packages QFN32, QFN28, TQFP32 and PDIP28. Volume prices for 10k units are USD $0.80 for the ATtiny48 and USD $1.04 for the ATtiny88.
About Atmel
Atmel is a worldwide leader in the design and manufacture of microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with complete system solutions focused on consumer, industrial, security, communications, computing and automotive markets.
(C) 2008 Atmel Corporation. All Rights Reserved. Atmel(R), logo and combinations thereof, AVR(R), tinyAVR(R), megaAVR(R) and others, are registered trademarks, picoPower(TM) and others are trademarks of Atmel Corporation or its subsidiaries. Other terms and product names may be trademarks of others.
Information:
Atmel's AVR product information is available at http://www.atmel.com/products/AVR
Atmel Press Contacts:
Philippe Faure, Marketing Communications Director - Microcontrollers
Tel: +33 2 40 18 18 87, Email: philippe.faure@atmel.com
Helen Perlegos, Public Relations
Tel: +1 (408) 487-2963, Email: hperlegos@atmel.com
Atmel Corporation
CONTACT: Philippe Faure, Marketing Communications Director - Microcontrollers, +33-2-40-18-18-87, philippe.faure@atmel.com; or Helen Perlegos, Public Relations, +1-408-487-2963, hperlegos@atmel.com, both of Atmel Corporation
Web site: http://www.atmel.com/products/AVR
Aligntechinstitute.com Wins International Award of Excellence From Healthcare Communications Marketing Association
SANTA CLARA, Calif., June 16 /PRNewswire-FirstCall/ -- Align Technology, Inc. , today announced that the Company's Aligntechinstitute.com has received the Gold International Award of Excellence for Best Website-Professional from the Healthcare Communications Marketing Association (HCMA). Aligntechinstitute.com is Align's dynamic, interactive website for Invisalign product support, instructor-led and web-based continuing education courses, and other clinical and practice resources for Invisalign practitioners.
"We're so pleased to have this important education and marketing resource honored by our peers in healthcare marketing. Online education has exploded in popularity over the past few years due to the convenience and interactive format afforded by the medium," said Align Vice President, Clinical Education Kathy Farley, MS, RN. "Through Aligntechinstitute.com we are creating scalable, diverse educational resources and programs for novice to very experienced Invisalign users, and we can accommodate our existing and prospective customers' learning preferences with 24/7 content delivered in a wide variety of formats."
The International Awards of Excellence (IN-AWE Awards) have been one of the healthcare advertising and marketing industry's most prestigious honors since their founding in 1985. Each year at its national conference, the HCMA recognizes outstanding programs in medical and healthcare-related marketing for professional and consumer audiences. More than 900 entries were submitted this year by medical and healthcare companies and agencies from around the world. Winners were selected by a panel of judges from the Medical Marketing Association. Align accepted its Gold Award with R2C Group, Inc., the Company's creative agency for Aligntechinsitute.com, at the HCMA's Annual Meeting on June 5 in Dallas.
Aligntechinstitute.com
Since its launch in January 2008, more than 50,000 dental professionals have visited Aligntechinsitute.com and more than 3,000 continuing education credits have been earned by site visitors. Aligntechinsitute.com builds on Align's extensive clinical education curriculum of more than 300 instructor-led educational events held in North America each year. Aligntechinstitute.com offers a continuum of learning for doctors and their teams -- from prospective customers to the most experienced Invisalign practices. The website at http://www.aligntechinstitute.com/ offers accredited (CE) and non-accredited courses, real-time treatment blogs, video testimonials from Invisalign doctors, peer-led webcasts, video case studies, and podcasts and other downloadable content so that doctors and staff can learn on the go.
About Align Technology, Inc.
Align Technology designs, manufactures and markets Invisalign, a proprietary method for treating malocclusion, or the misalignment of teeth. Invisalign corrects malocclusion using a series of clear, nearly invisible, removable appliances that gently move teeth to a desired final position. Because it does not rely on the use of metal or ceramic brackets and wires, Invisalign significantly reduces the aesthetic and other limitations associated with braces. Invisalign is appropriate for treating adults and older teens. Align Technology was founded in March 1997 and received FDA clearance to market Invisalign in 1998.
To learn more about Invisalign or to find a certified Invisalign doctor in your area, please visit http://www.invisalign.com/ or call 1-800-INVISIBLE.
Investor Relations Contact Press Contact
Shirley Stacy Shannon Mangum Henderson
Align Technology, Inc. Ethos Communication, Inc.
(408) 470-1150 (678) 540-9222
sstacy@aligntech.com align@ethoscommunication.com
Align Technology, Inc.
CONTACT: Investors, Shirley Stacy of Align Technology, Inc., +1-408-470-1150, sstacy@aligntech.com; or Media, Shannon Mangum Henderson of Ethos Communication, Inc., +1-678-540-9222, align@ethoscommunication.com, for Align Technology, Inc.
Web site: http://www.aligntechinstitute.com/ http://www.invisalign.com/
Salesforce Summer '08 Now Live - Bringing the Power of Cloud Computing to the EnterpriseVisualforce is now live in all editions - a new Platform-as-a-Service milestone that enables the creation of any interface for virtually any device, entirely in the cloudSalesforce Content and Salesforce Ideas brings the power of Web 2.0 collaboration to your employees, customers and partners
SAN FRANCISCO, June 16 /PRNewswire-FirstCall/ -- Salesforce.com , the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS), today announced that Salesforce Summer '08 is live to all 43,600 salesforce.com customers. Salesforce Summer '08 represents salesforce.com's 26th release in 9 years and delivers the power of cloud computing to the enterprise. Part of the Force.com platform, Visualforce is now live in every edition of Salesforce, enabling users to develop any interface entirely in the cloud. Salesforce Content and Salesforce Ideas are also delivering new levels of customer success in Salesforce Summer '08 including the support of external communities, delivering true Web 2.0 collaboration capabilities to users globally. In total, more than 50 new CRM features are also live with Salesforce Summer '08, raising the bar for industry innovation.
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"Consumers have been enjoying Web 2.0 features like voting and social networking on consumer web applications like Digg and Facebook for years. But traditional enterprise applications are still stuck in the '90s," said George Hu, executive vice president marketing, applications and education at salesforce.com. "Salesforce.com is changing all that by delivering Web 2.0 interfaces and collaboration technologies in Salesforce Summer 08."
"As the CRM market continues to evolve, the integration of Web 2.0 technologies into CRM processes is a key step in driving greater end user productivity by making applications more intuitive to use," said Rebecca Wettemann of Nucleus Research. "Salesforce.com's advances in content and ideas management -- as well as the release of Visualforce -- in Salesforce Summer '08 gives developers more tools and options to drive greater collaboration and increased productivity for users."
Visualforce is Now Live - Enabling the Creation of Any User Interface
A breakthrough for the Platform-as-a-Service industry, Visualforce is a new technology for developing powerful user interfaces (UIs) for any application built on Force.com, including Salesforce. Now, salesforce.com customers, partners and developers can develop interfaces just as elegant as the industry's leading technologies. Visualforce includes all the resources developers need to build rich, interactive applications and user experiences for a variety of audiences, applications, and devices. More than 4,000 developers have already created more than 11,000 custom interfaces in the Visualforce developer preview program.
Combined with the powerful logic and workflow intelligence provided by Apex Code, Visualforce offers the flexibility to meet the requirements of applications that feature many different types of users on a variety of devices. Visualforce uses the best of Internet technology, including HTML, AJAX and Adobe Flex, for business applications, making them as innovative and as effective as their consumer Web counterparts. Visualforce features include:
-- Pages -- this capability enables the design definition of an
application's user interface.
-- Components -- this provides the ability to create new applications
that automatically match the look and feel of Salesforce applications
or easily customize and extend the Salesforce user interface to
specific customer and user requirements.
-- Apex Controllers -- The controller enables customers to build any user
interface behavior.
-- Static Resources -- Provides the capability to easily create,
reference, and manage the assets used to create UIs-including images,
style sheets, JavaScript libraries, and other browser components.
-- Inline Page and Controller Editing -- In Visualforce development mode,
customers can edit Visualforce pages and Apex controllers directly
from the runtime view of any page.
Harnessing the Power of Collaboration for Employees, Customers and Partners
Salesforce Summer '08 empowers companies to use Web 2.0 collaboration technologies to transform their business and partner, customer and employee communities.
Salesforce Content brings the power of SaaS to managing unstructured data within an enterprise by utilizing the best of consumer Web technologies such as tagging, subscriptions and recommendations. Salesforce Content users manage their documents and unstructured data directly in Salesforce to improve productivity and effectiveness in every corner of the enterprise.
Salesforce Content, with the introduction of Summer '08, is the perfect complement to all of the Salesforce CRM applications. Companies can now collaborate in Salesforce Content with their partners and customers in the Salesforce Partner Portal and Salesforce Customer Portal. Using the appropriate portals, partners and customers will be able to quickly and easily gain access to relevant content.
"Now we can collaborate with our entire community. With Salesforce Content, we have enhanced the experience of our customers by delivering the right information when it's needed most," said Steven Frers, Vice-President of Service and Support at CompassLearning.
Salesforce Summer '08 delivers additional new features for Salesforce Content including:
-- Global Availability -- Recognizing that it is becoming increasingly
important for businesses of all sizes to work with companies across
the globe, salesforce.com is making Salesforce Content now available
in all supported 15 languages. Users can now tap into the power of
multi-language search to find relevant materials, no matter where they
are or what language they speak.
-- Content Analytics -- Content Analytics ends the guessing game when it
comes to the effectiveness of corporate materials. Usage metrics can
now effectively be tracked to determine the most frequently used
content among sales reps, marketers and other users. Based on the data
gathered from dashboards and reports, the documents, presentations and
other materials in Salesforce Content are optimized for maximum
effect.
The second pillar in salesforce.com's collaboration applications is Salesforce Ideas, an entirely new type of application that enables customers to tap into the innovative power of their customer, partner or employee communities by allowing them to post, discuss, and vote on ideas. Leveraging the power of Force.com Platform-as-a-Service, Salesforce Ideas makes it easy to manage top ideas from inception to implementation.
Since its release, Salesforce Ideas has enabled companies to effectively engage with their internal and customer communities. With the release of Salesforce Summer '08, companies can capture the unique perspective of their partner community by including Salesforce Ideas in the Salesforce Partner Portal.
With Salesforce Summer '08, Salesforce Ideas benefits from additional new features including:
-- Multiple Communities -- This new feature enables companies to create
multiple communities in order to better organize and segment the ideas
coming from different groups, and provide participants with a forum to
engage with the specific communities that most apply to them.
-- Customizable Ideas -- With Salesforce Summer '08, users can customize
fields in Salesforce Ideas and expose data directly to the original
posting. Closely integrated with the Force.com Platform-as-a-Service,
Customizable Ideas also allows users to set up validation rules,
workflows and Apex triggers off keywords alerting companies to
relevant conversations taking place within their communities. With
Customizable Ideas, companies can monitor and respond more effectively
to the demands of their communities.
Salesforce for Google Apps -- First Cloud Computing Suite for Business Productivity
In April of 2008, salesforce.com and Google came together to announce their second joint product, Salesforce for Google Apps, an entirely new way for business professionals to communicate, collaborate, and work together in real time over the Web. A simple, yet powerful combination of essential applications for business productivity (email, calendaring, documents, spreadsheets, presentations, instant messaging) and CRM (sales, marketing, service and support, partners), Salesforce for Google Apps offers a complete way for businesses to harness the power of cloud computing without the cost and complexity of managing hardware or software infrastructure.
Availability
Salesforce Summer '08 is available immediately to all salesforce.com subscribers. Salesforce Content is available at $35 per user, per month. Salesforce Ideas is currently available for customer, partner, and employee communities. It is included with all CRM editions for internal use, with the exception of Group Edition, at no additional cost. For additional employees, Ideas Only licenses can be purchased for $5 per user, per month. For customers and partners accessing Salesforce Ideas through the portal, standard portal pricing applies. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available.
Force.com Platform and the AppExchange
Force.com (http://www.force.com/) reinvents the traditional development, deployment and distribution of any business application with platform-as-a-service. Developers, customers and partners can use Force.com to easily create a new generation of on-demand applications and deploy them worldwide as a service. Force.com allows applications to be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange marketplace, enabling all the innovation that Force.com unleashes to be easily distributed to the entire on-demand community.
The AppExchange economy continues to expand, with thousands of customers installing applications via the AppExchange. Customers of all sizes can quickly and easily extend Salesforce with additional on-demand business applications available on the AppExchange, found at http://www.salesforce.com/appexchange/.
About salesforce.com
Salesforce.com is the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS). The company's portfolio of SaaS applications, including its award-winning CRM, available at http://www.salesforce.com/products/, has revolutionized the ways that customers manage and share business information over the Internet. The company's Force.com PaaS enables customers, developers and partners to build powerful on-demand applications that deliver the benefits of multi-tenancy across the enterprise. Applications built on the Force.com platform, available at http://www.force.com/, can be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange marketplace available at http://www.salesforce.com/appexchange/.
As of April 30, 2008, salesforce.com manages customer information for approximately 43,600 customers including ABN AMRO, Dow Jones Newswires, Japan Post, Kaiser Permanente, KONE, Sprint Nextel, and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO-SOFTWARE.
Copyright (c) 2008 salesforce.com, inc. All rights reserved. Salesforce and the "no software" logo are registered trademarks of salesforce.com, inc., and salesforce.com owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.
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salesforce.com
CONTACT: Katy Dormer of salesforce.com, +1-415-901-8595, kdormer@salesforce.com
Web site: http://www.salesforce.com/ http://www.force.com/
Elbit Systems of America Enhances its Marketing Organization by Adding Two Key ExecutivesBGen (USAF Ret) Steve Roser as VP MarketingRear Admiral (USN Ret) Mark Milliken as Director for Maritime, Joint and Coalition Solutions
FORT WORTH, Texas, June 16 /PRNewswire-FirstCall/ -- Elbit Systems of America announces the addition of two key executives to its leadership team. BGen (USAF Ret) Steve Roser has joined the company as the Vice President of Marketing. In this role, BGen Roser will be leading Elbit Systems of America overall marketing organization including strategic planning, major customers and campaigns, marketing operations and services, and Government relations. BGen Roser joined Elbit Systems of America following successful positions with Pratt & Whitney and Sanmina-SCI, and a distinguished career with the US Air Force including command of the 60th Air Mobility Wing, Travis AFB, CA, command of the 437th Airlift Wing, Charleston AFB, SC and command of the 11th Wing, Bolling AFB, DC.
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Rear Admiral (USN Ret) Mark Milliken has joined the company as the Director for Maritime, Joint and Coalition Solutions. In this role RADM Milliken is responsible for leading campaigns aimed at providing ISR and C4I solutions to our U.S. and partner nations customers. RADM Milliken joined Elbit Systems of America following successful positions with VTS and Raytheon and a distinguished career with the U.S. Navy, with his last position as the head of the Navy International Program Office (IPO).
Raanan Horowitz, Elbit Systems of America's President and Chief Executive Officer, stated, "We are extremely pleased to have Steve and Mark join our organization and provide leadership and expertise. Both bring to Elbit Systems of America excellent reputation across both the user and acquisition communities and are a great addition to our team. With Steve and Mark on board we will continue to move forward towards our objective of delivering operationally superior solutions to our customers."
About Elbit Systems of America, LLC
Elbit Systems of America, LLC is a leading global provider of high performance products and system solutions focusing on the defense, homeland security, commercial aviation and medical instruments markets. With facilities throughout the United States, Elbit Systems of America is dedicated to supporting those who contribute daily to the safety and security of the United States. Elbit Systems of America, LLC is wholly owned by Elbit Systems Ltd. , a global electronics company engaged in a wide range of programs for innovative defense and commercial applications.
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.
Trademarks
Elbit Systems of America and other trademarks, service marks and logos are registered or unregistered marks of Elbit Systems of America companies in the United States and in foreign countries. Copyright (c) 2008 Elbit Systems of America. All rights reserved.
Forward Looking Statement
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 companies in the Elbit Systems Group, 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 Elbit Systems Group 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. Elbit Systems does not undertake to update its forward-looking statements.
Contact: Kim Cushman:
+1-603-886-2273
kim.cushman@elbitsystems-us.com
Photo: http://www.newscom.com/cgi-bin/prnh/20080408/300441
Elbit Systems of America
CONTACT: Contact: Kim Cushman: +1-603-886-2273, kim.cushman@elbitsystems-us.com
Integral Systems Moving Headquarters to Howard County, Maryland, for Continued GrowthCounty Executive Welcomes Company at Columbia Gateway Business Park
LANHAM, Md., June 16 /PRNewswire-FirstCall/ -- Integral Systems, Inc. , today announced that it is moving its headquarters to Howard County, MD, in order to facilitate the continued fast-paced growth of the satellite grounds systems provider. The new headquarters is located at Gateway Exchange III, 6721 Columbia Gateway Drive, at the intersection of MD Route 175 and US I-95. When finished, Integral Systems will have 131,000 square feet of Class A space, giving it an additional 46,000 square feet to grow when compared to its current location in Prince George's County.
"We are very excited about this move, which is the first of its kind for Integral Systems in our 26-year history. This is a brand new building in a highly desirable location with plenty of local amenities," said Alan Baldwin, Integral's CEO. "Our new headquarters reflects our success and achievement in the satellite industry. We continue to gain new and exciting contract wins, which in turn, create positive growth in both revenues and the size of our company."
"Howard County welcomes Integral Systems to the area. We are always excited to see highly successful companies join our business community," said Howard County Executive Ken Ulman. "This area offers Integral a central location to further expand their recruiting efforts while providing an excellent location where current employees can take advantage of all Howard County has to offer."
The new office space is being leased by Corporate Office Properties Trust (COPT), a company with which Integral already has a relationship. Integral is planning to move approximately 250 of its employees to Howard County in February 2009. "Our relationship with COPT has been a strong one," said Bill Bambarger, CFO of Integral Systems. "We are looking forward to continuing this relationship as we assess our national presence and real estate options."
The company will hold a ribbon cutting ceremony on Monday, June 16, at the new headquarters with Integral executives, County Executive Ulman, and Randall M. Griffin, President and CEO of COPT in attendance.
About Integral Systems
Founded in 1982, Integral Systems is a leading provider of satellite ground systems and has supported more than 205 different satellite missions for communications, science, meteorological, and earth resource applications. Integral Systems was the first company to offer an integrated suite of COTS (Commercial-Off-the-Shelf) software products for satellite command and control: the EPOCH IPS (Integrated Product Suite) product line. EPOCH IPS has become the world market leader in commercial applications with successful installations on five continents.
Through its wholly-owned subsidiary, SAT Corporation, Integral Systems provides satellite and terrestrial communications signal monitoring systems to satellite operators and users throughout the world. Through its Newpoint Technologies, Inc., subsidiary, Integral Systems also provides software for equipment monitoring and control to satellite operators, broadcasters, and telecommunications firms. Integral Systems' RT Logic subsidiary builds telemetry processing systems for military applications, including tracking stations, control centers, and range operations. Integral Systems' Lumistar, Inc., subsidiary provides system- and board-level telemetry acquisition products. Integral Systems has approximately 500 employees working at its headquarters in Lanham, MD, and at other locations in the U.S. and Europe. For more information, visit http://www.integ.com/.
Integral Systems, Inc.
CONTACT: Company, Tory Harris, Investor Relations of Integral Systems, Inc., +1-301-731-4233; or Media, Shany Seawright of Strategic Communications Group, +1-240-485-1081, sseawright@gotostrategic.com
Web site: http://www.integ.com/
Exar Announces Key Executive Management Additions
FREMONT, Calif., June 16 /PRNewswire-FirstCall/ -- Exar Corporation today announced that George Apostol was appointed Chief Technology Officer (CTO) who will direct the Company's technology product strategy and manage the development of Exar's most highly integrated, complex devices. In addition, Paul Pickering was appointed Senior Vice President of Marketing. In his role, Mr. Pickering will define and evaluate markets, plus ensure current and future Exar products deliver a compelling value proposition. Messrs. Apostol and Pickering will report to Pete Rodriguez, Exar's president and chief executive officer.
"During my brief tenure at Exar, it has become apparent we need to strengthen our technology resources, as well as, better define and deliver new products," said Pete Rodriguez, Exar's president and chief executive officer. "Accordingly, I've taken immediate action with the abilities of George and Paul, two world-class executives, and added them to my senior management team. These industry veterans bring exceptional experience and additional depth to our organization as we implement initiatives to fully realize our revenue and profitability goals. I look forward to working with them, and I will continue to examine all aspects of the Company to ensure we are properly aligned to best move the Company forward."
"I am pleased to be joining Pete and his staff at Exar where I can directly apply my experience designing value added semiconductor products to develop strategic technology roadmaps to grow our business," said George Apostol, CTO. "By augmenting our design processes, methodologies, and technical efficiencies, we will be well positioned to drive system-level proprietary solutions. With a strong financial position, a decisive CEO, and a supportive board of directors, I am enthusiastic about leveraging our strengths to deliver differentiated, customer focused, silicon."
"I am excited to join Exar," said Paul Pickering, senior vice president of Marketing. "I share Pete's vision for Exar, and I welcome the opportunity to work with strong internal teams to define winning products and market opportunities. We have a deep portfolio of proven technologies, strong relationships with top-tier customers, and an extensive worldwide sales and distribution network. These key ingredients, coupled with a dynamic executive team, give me every confidence we are doing the right things to move our company to the next level."
Mr. Apostol has over 20 years of experience in the systems electronics and semiconductor industries and, since May 2005, served as Chief Technology Officer and Vice President of Engineering at PLX Technology. Prior to then, he was Vice President of Engineering at Audience, Inc. and BRECIS Communications and held senior engineering and management positions at TiVo, LSI Logic, Silicon Graphics, and Xerox. With a strong background designing systems on silicon, he holds several patents in the areas of system bus interface, clocking, and buffer management design and has written and deployed multiple ASIC design productivity tools. Mr. Apostol performed his academic research at the Dana Farber Cancer Institute and MIT Sloan School of Management and holds a Bachelor of Science degree in Electrical Engineering from the Massachusetts Institute of Technology.
Mr. Pickering has over 26 years of semiconductor marketing and sales experience and most recently was the Vice President of Field Operations for Innovative Silicon, a venture-capital funded company that developed a pioneering memory -- Z-RAM(R) -- technology for stand-alone DRAM and embedded memory applications. Prior to Innovative Silicon, Mr. Pickering was executive vice-president of sales and marketing for Xpedion Design Systems, a leading RF simulation company that was acquired by Agilent Technologies. Prior to Agilent Technologies, Mr. Pickering worked in senior management sales and marketing roles at Fairchild, Toshiba, LSI Logic, and PMC-Sierra.
About Exar
Exar Corporation is Powering Connectivity by delivering highly differentiated silicon solutions empowering products to connect. With distinctive knowledge in analog and digital technologies, Exar enables a wide array of applications such as portable devices, home media gateways, communications systems, and industrial automation equipment. Exar has locations worldwide providing real-time system-level support to drive rapid product innovation. For more information about Exar visit: http://www.exar.com/.
Exar Corporation
CONTACT: Greg Kaufman, Marketing Communications of Exar Corporation, +1-510-668-7000
Web site: http://www.exar.com/
Salesforce.com Chairman and CEO to Speak at Tour de Force EventEvent to be webcast live on salesforce.com's investor relations website
SAN FRANCISCO, June 16 /PRNewswire-FirstCall/ -- Salesforce.com , the market and technology leader in Software-as-a-Service and Platform-as-a-Service, today announced that Marc Benioff, chairman and CEO of salesforce.com, will speak at salesforce.com's Tour de Force event in Santa Clara, CA on Monday, June 23rd, 2008 at 10:00am (PDT).
(Logo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO)
An audio webcast of Mr. Benioff's keynote will be available on salesforce.com's website at http://www.salesforce.com/investor.
About salesforce.com
Salesforce.com is the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS). The company's portfolio of SaaS applications, including its award-winning CRM, available at http://www.salesforce.com/products/, has revolutionized the ways that customers manage and share business information over the Internet. The company's Force.com PaaS enables customers, developers and partners to build powerful on-demand applications that deliver the benefits of multi-tenancy across the enterprise. Applications built on the Force.com platform, available at http://www.force.com/, can be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange marketplace available at http://www.salesforce.com/appexchange/.
As of April 30, 2008, salesforce.com manages customer information for approximately 43,600 customers including ABN AMRO, Dow Jones Newswires, Japan Post, Kaiser Permanente, KONE, Sprint Nextel, and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO-SOFTWARE.
Copyright (c) 2008 salesforce.com, inc. All rights reserved. Salesforce and the "no software" logo are registered trademarks of salesforce.com, inc., and salesforce.com owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO PRN Photo Desk, photodesk@prnewswire.com
Salesforce.com
CONTACT: Gordon Evans, Public Relations of salesforce.com, +1-415-536-7608, gevans@salesforce.com
Web site: http://www.salesforce.com/
Cimatron to be Fastest Growing CAM Vendor in 2008 - Predicts CIMdataReport Ranks Cimatron as Second Fastest Growing CAM Company in 2007
GIVAT SHMUEL, Israel, June 16 /PRNewswire-FirstCall/ -- Cimatron Limited , a leading provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries, was named as one of the fastest growing CAM vendors.
The CAM market ranking was compiled by consulting and research firm CIMdata and published in the recently-released NC Software and Related Services Market Assessment Report.
According to a press release issued by CIMdata, "The rapid growth of Cimatron in 2007 and 2008 is a combination of improved organic growth and the acquisitions of Microsystem in 2007 and Gibbs and Associates in 2008."
CIMdata views Cimatron as "one of the industry leaders in the toolmaking software marketplace." Defining the merger of Gibbs with Cimatron as "a positive move", the CIMdata report goes on to explain: "The companies are very complementary to one another in product, markets pursued, and distribution channels. It brings together the CimatronE integrated CAD/CAM suite focused on toolmaking with GibbsCAM-which is focused on production machining to provide a more complete product portfolio for the manufacturing industry."
"The CIMdata report and ranking reflect the success of our growth strategy," said Danny Haran, Cimatron's President and Chief Executive Officer. "The 2007 results are attributed to our efforts to develop and launch competitive products for broader segments of the toolmaking and manufacturing sectors, as well as to the positive contribution of the Microsystem acquisition. We expect to see additional growth in 2008 based on the success of our product line and the merger with Gibbs and Associates, which enables us to better serve the global market through our joint distribution network."
Additional information about the CIMdata report can be found at http://www.cimdata.com/press/PR08-0603.htm.
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/.
About CIMdata
CIMdata, a leading independent worldwide firm, provides strategic consulting to maximize an enterprise's ability to design and deliver innovative products and services through the application of Product Lifecycle Management (PLM). CIMdata works with both industrial organizations and suppliers of technologies and services seeking competitive advantage in the global economy by providing world-class knowledge, expertise, and best-practice methods on PLM solutions.
CIMdata helps industrial organizations establish effective PLM strategies, identify requirements and select PLM technologies, optimize their operational structure and processes to implement solutions, and to deploy these solutions.
For PLM solution suppliers, CIMdata helps define business and market strategies, delivers worldwide market information and analyses, provides education and support for internal sales and marketing teams, as well as overall support at all stages of business and product programs to make them optimally effective in their markets.
CIMdata provides world-class knowledge, expertise, and best-practice methods on PLM solutions. These solutions incorporate both business processes and a wide-ranging set of PLM enabling technologies including product data management (PDM), visualization, collaboration, digital manufacturing, computer-aided design/manufacturing (CAD/CAM), and numerical control (NC). CIMdata also provides expertise in the integration of PLM with other business solutions such as customer relationship management (CRM), supply chain management (SCM), and enterprise resource planning (ERP).
In addition to consulting, CIMdata conducts research, provides PLM-focused subscription services, and produces several commercial publications. The company also provides industry education through international conferences in North America, Europe, and the Pacific region.
To learn more about CIMdata's services, visit our website at http://www.cimdata.com/ or contact CIMdata at: 3909 Research Park Drive, Ann Arbor, MI 48108, USA. Tel: +1-734-668-9922. Fax: +1-734-668-1957. In Europe: Siriusdreef 17-27, 2132 WT Hoofddorp, The Netherlands. Tel: +31(0)23-568-9385. Fax: +31(0)23-568-9111.
This press release includes forward looking statements, within the meaning of the Private Securities Litigation Reform Act Of 1995, which are subject to risk and uncertainties that could cause actual results to differ materially from those anticipated. Such statements may relate to the company's plans, objectives and expected financial and operating results. The words "may," "could," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions or variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of the future performance and involve risks and uncertainties, many of which are beyond the company's ability to control. The risks and uncertainties that may affect forward looking statements include, but are not limited to: currency fluctuations, global economic and political conditions, marketing demand for Cimatron products and services, long sales cycle, new product development, assimilating future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties of the business, refer to the Company's filings with the Securities and Exchanges Commission. The company cannot assess the impact of or the extent to which any single factor or risk, or combination of them, may cause. Cimatron undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
For More Information Contact:
Idit Pass Lagziel Ilan Erez Yael Nevat
Marketing Manager Chief Financial Officer Commitment-IR.com
Cimatron Ltd. Cimatron Ltd. Phone: +972-3-611-4466
Phone: +972-3-5312098 Phone: +972-3-531-2121 +972-50-762-6215
Email: Email: Email:
iditp@cimatron.com ilane@cimatron.com yael@commitment-IR.com
Cimatron Ltd
CONTACT: Idit Pass Lagziel, Marketing Manager, Cimatron Ltd., Phone: +972-3-5312098, Email: iditp@cimatron.com; Ilan Erez, Chief Financial, Officer, Cimatron Ltd., Phone: +972-3-531-2121, Email: ilane@cimatron.com; Yael Nevat, Commitment-IR.com, Phone: +972-3-611-4466, +972-50-762-6215, Email: yael@commitment-IR.com
Virgin Mobile USA Asks Music Fans to 'Book the Band' for the 2008 Virgin Mobile FestivalFans Get To Choose From Five Emerging BandsKyocera Wireless Sponsors Competition Again
WARREN, N.J., June 16 /PRNewswire-FirstCall/ -- The Virgin Mobile Festival, one of the largest music events on the East Coast, has built a reputation for bringing together the world's best bands. This year's festival, which will take place August 9 and 10 in Baltimore, will feature more than 40 acts, including Foo Fighters, Jack Johnson, Kanye West, Nine Inch Nails, Stone Temple Pilots and Bob Dylan.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080222/NYF040LOGO )
For the second year in a row, Virgin Mobile USA is letting fans get in on the act of talent selection for this top-flight event. Along with Kyocera Wireless and MySpace, Virgin Mobile USA is once again launching "Book the Band By Virgin Mobile" -- an opportunity for five emerging bands with different sounds to vie for a slot in the Virgin Mobile Festival lineup.
The bands participating in "Book the Band By Virgin Mobile" are:
-- AUTOMATIC LOVELETTER, Tampa, FL
-- HOLLYWOOD UNDEAD, Los Angeles, CA
-- THE PARLOR MOB, Red Bank, NJ
-- THE VIRGINS, New York, NY
-- WE ARE SCIENTISTS, Brooklyn, NY
Band content from each of the five contenders selected by Virgin Mobile USA and festival producer I.M.P. debuts today on the Festival website, http://www.virginmobilefestival.com/, as well as http://www.myspace.com/virginmobilefestival."
Last year's 'Book the Band' was an enormous success, with over a million votes cast," said Ron Faris, director of Brand Development and Partnerships at Virgin Mobile USA. "We're very excited to relive the drama this year by introducing five great break-out artists to our music fans. We can't wait to see who they pick to open the largest music festival on the East Coast."
Fans checking out the videos at http://www.virginmobilefestival.com/ will also be able to stream original MP3s, read bios and vote for their favorite band, as well as buy tickets and get additional information about the Festival. Voting will take place through July 21 and the winning band, based on audience voting, will be announced July 24 and then appear at Virgin Mobile Festival on August 10.
Kyocera Wireless, the premier handset sponsor for the Festival for the third consecutive year, is sponsoring 'Book the Band' for the second consecutive year. "Finding the next big talent is all about the fans' response, so let the texting begin," said Gary Peterson, director of branding and advertising at Kyocera Wireless.
Fans can vote online or via text message by sending the band's short code name to #73976 on any wireless carrier (standard text messaging rates apply):
AUTOMATIC LOVELETTER (text "AUTOLOVE" to 73976)
http://www.automaticloveletter.com/
HOLLYWOOD UNDEAD (text "UNDEAD" to 73976)
http://www.myspace.com/hollywoodundead
THE PARLOR MOB (text "PMOB" to 73976)
http://www.roadrunnerrecords.com/theparlormob
THE VIRGINS (text "VIRGINS" to 73976)
http://www.thevirgins.net/
WE ARE SCIENTISTS (text "SCIENTISTS" to 73976)
http://www.wearescientists.com/
Tickets for The Virgin Mobile Festival are available through Ticketmaster at http://www.tickemaster.com/ or 1-800-551-SEAT. Two-day tickets are $175 for General Admission and $450 for VIP. Single-day tickets are $97.50 for General Admission and $250 for VIP tickets. A charity contribution of $1.50 per day will be applied to each ticket. Fans can check out the official festival website at http://www.virginmobilefestival.com/ to sign up for news and updates.
About I.M.P.
Formed in 1980, I.M.P. is a Bethesda, Md.-based concert promoter and event production company. In addition to launching the Virgin Mobile Festival in the U.S., the principals at I.M.P. own Washington DC's legendary 9:30 Club, named Club of the Year by Billboard and Pollstar, renowned as the premier place to see and hear cutting edge live music of all varieties. I.M.P. also programs and operates Merriweather Post Pavilion in Columbia, Md. Over the last 28 years, I.M.P. and the 9:30 Club have put on nearly 10,000 events, hosting millions of music fans.
About Kyocera Wireless
Kyocera Wireless Corp. is a leading supplier of innovative, feature-rich wireless devices and accessories for customers worldwide. The company is a wholly owned subsidiary of Kyocera International Inc., which acquired QUALCOMM Incorporated's consumer wireless phone business in February 2000. Based in San Diego, Kyocera Wireless leverages Japan's history of creating advanced consumer technologies around humanism and respect for the environment and blending them with a Western entrepreneurialism and style, resulting in a unique design language and a natural, user-friendly interface. For more information, please visit http://www.kyocera-wireless.com/.
Kyocera Corporation , the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of advanced ceramics. By combining these engineered materials with metals and plastics, and integrating them with other technologies, Kyocera has become a leading supplier of telecommunications equipment, laser printers, copiers, solar energy systems, semiconductor packages, electronic components, and industrial ceramics. During the year ended March 31, 2008, Kyocera Corporation's consolidated net sales totaled approximately US$12.9 billion (JPY1,290,436 million) with net income of approximately US$1.0 billion (JPY107,244 million).
About Virgin Mobile USA
About Virgin Mobile USA, Inc.
Virgin Mobile USA , through its operating company Virgin Mobile USA, L.P., offers more than five million customers control, flexibility and choice through monthly Plans Without Annual Contracts, with national coverage powered by the Sprint PCS network. Virgin Mobile USA's full slate of smart, stylish and affordable handsets, including the Wild Card, Slash and Flare, are available at approximately 40,000 top retailers nationwide and online at http://www.virginmobileusa.com/, with Top-Up cards available at more than 140,000 locations. J.D. Power and Associates ranked Virgin Mobile USA highest in customer satisfaction among wireless prepaid services in both 2006 and 2007, and its customers report a 90% satisfaction rate.
Virgin Mobile USA contributes a portion of profits from downloadable content to The RE*Generation, its pro-social initiative to help homeless youth; and allows customers to earn free minutes in exchange for viewing advertising content online through the innovative Sugar Mama program.
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Virgin Mobile USA
CONTACT: Corinne Nosal, Virgin Mobile USA, +1-908-607-4235, Corinne.nosal@virginmobileusa.com; or John Chier, Kyocera Wireless Corp., +1-858-882-3543, jchier@kyocera-wireless.com; or Melody Parrette, LPI Communications for Kyocera Wireless, +1-858-361-9731, melody@lpicommunications.com
Web site: http://www.virginmobileusa.com/ http://www.virginmobilefestival.com/ http://www.myspace.com/virginmobilefestival http://www.kyocera-wireless.com/ http://www.automaticloveletter.com/ http://www.myspace.com/hollywoodundead http://www.roadrunnerrecords.com/theparlormob http://www.thevirgins.net/ http://www.wearescientists.com/
Verizon Business' IP Networking Powers Thing5 Software-as-a-Service OfferingAgreement With Hotel-Messaging Vendor Also Features Verizon's Hosting and On-Demand Sharing of Bandwidth for VoIP
BASKING RIDGE, N.J., June 16 /PRNewswire/ -- Thing5, a leading provider of messaging-based software services to the hospitality industry, is leveraging Verizon Business' industry-leading voice-over-Internet-protocol (VoIP) and hosting services to offer voice and messaging services for hotel employees and guests.
Under an agreement with Verizon Business, Thing5 is providing its hosted platform via a software-as-a-service (SaaS) model to approximately 1,300 hotels, covering more than 275,000 phones. Hospitality chains such as Extended Stay Hotels, La Quinta and the luxury boutique hotel collection LXR Luxury Resorts & Hotels outsource the provisioning, management and maintenance of voice and messaging platforms that serve corporate end-users and guests at each individual property.
With the SaaS model, applications such as voice mail, automatic call distribution, audio conferencing, faxing and instant messaging are hosted by a vendor rather than the customer, and delivered as managed Internet protocol (IP) services over the Web, helping to control setup and operational costs. Customers pay for the computing resources utilized, making the model highly attractive to the hospitality industry.
"The hospitality industry has a set of unique business characteristics and requirements," said Bill Faxon, managing director, Thing5. "Working with Verizon Business, we have a flexible and reliable IP network over which we are able to provide our customers highly available voice and messaging platforms. The IP networking capabilities delivered by Verizon Business enable Thing5 to help our hospitality clients control costs through our SaaS model."
Verizon Business provides the IP trunking that connects hotel properties to Thing5 data centers. A newly available Verizon Business service, Burstable Enterprise Shared Trunks (B.E.S.T.), enables on-demand sharing of under-utilized trunk capacity. Verizon Business is the only major North American service provider to offer this VoIP capability to quickly shift bandwidth capacity.
Thing5 also uses Verizon Business hosting to augment its own facilities, thereby enabling load balancing of traffic and providing redundancy to strengthen business continuity.
"The work we are doing with Thing5 underscores the transformative power of IP," said Stephen P. Young, senior vice president, corporate and government market sales, Verizon Business. "Using the SaaS model, our IP services help Thing5 deliver services to hospitality clients with ease of management and low cost. Our IP capabilities not only help power Thing5's business, they also enable its customers to operate more efficiently."
Verizon VoIP solutions enable high-quality voice communications in a converged network environment, leveraging Verizon Business' vast national and international footprint and a wide range of innovative features. Verizon Business is a leader in developing and delivering IP solutions helping large businesses and government agencies transition to VoIP on their own path and pace. The VoIP services also allow customers to use their existing infrastructure, enabling them to mix and match services, whether network or premises-based.
About Thing5
Thing5 L.L.C. is a provider of next-generation hosted voice solutions, including out- and in-bound calling, delivered on a highly scalable and geographically redundant platform. The company's solutions are delivered as software-as-a-service (SaaS), offering better security and control, as well as expertise in telecommunications solutions. Thing5 is currently serving over 1,400 locations, 300,000+ end-points (phones) and millions of calls per month. For more information, visit http://www.thing5.com/.
About Verizon Business
Verizon Business, a unit of Verizon Communications , operates the world's most connected public IP network and uses its industry-leading global-network capabilities to offer large-business and government customers an unmatched combination of security, reliability and speed. The company integrates advanced IP communications and information technology (IT) products and services to deliver leading enterprise solutions including managed services, security, mobility, collaboration and professional services. These solutions power innovation and enable the company's customers to do business better. For more information, visit http://www.verizonbusiness.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon Business
CONTACT: Kevin W. Irland of Verizon Business, +1-703-886-1117, kevin.w.irland@verizon.com
Web site: http://www.verizonbusiness.com/ http://www.verizon.com/ http://www.thing5.com/ http://www.verizon.com/news
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Global Crossing Reports GCUK's First Quarter 2008 Results
LONDON, June 16 /PRNewswire-FirstCall/ -- Global Crossing , a leading global IP solutions provider, today announced first quarter financial results for its subsidiary, Global Crossing (UK) Telecommunications Limited (GCUK).
Highlights
GCUK generated 78 million pounds in revenue in the first quarter, with adjusted gross margin of 69 percent or 54 million pounds and adjusted IFRS EBITDA of 21 million pounds. (Adjusted gross margin and adjusted IFRS EBITDA are both non-GAAP metrics that are defined and reconciled below.) The company also generated 15 million pounds in cash from operations.
"GCUK continues to be a strong contributor to the company's results and an important part of the company's overall global strategy," said John Legere, Global Crossing's chief executive officer. "Our focus on delivering the best customer experience and giving customers world-class IP services is driving steady progress in the UK."
Revenue and Margin
GCUK generated revenue of 78 million pounds, compared with 76 million pounds in the prior quarter and 75 million pounds for the same period in the prior year. This represents an increase of 2 million pounds or 3 percent on a sequential basis and an increase of 3 million pounds or 4 percent year over year. Both the sequential and year-over-year increases came from strength in the company's "invest and grow" category -- namely that part of the business focused on serving enterprises and carrier customers excluding wholesale voice. Sales order values in the first quarter of 2008 remained consistent with those seen in 2007.
Adjusted gross margin (as defined in table 6 that follows) for the first quarter of 2008 was 54 million pounds or 69 percent of revenue, consistent with the prior quarter in which adjusted gross margin was 53 million pounds or 70 percent of revenue and 52 million pounds or 69 percent of revenue in the first quarter of 2007.
Costs
Cost of revenue, which includes cost of access, technical real estate, network and operations, third party maintenance and cost of equipment sales, was 50 million pounds for the quarter, compared to 45 million pounds in the fourth quarter of 2007 and 49 million pounds in the first quarter of 2007. The sequential increase was due to higher access costs associated with increased revenue as well as an increase in stock-based compensation costs resulting from annual resetting of the annual bonus program accrual to target levels and an increase in cost of equipment sales. In addition, the fourth quarter of 2007 included a real estate rebate. The year-over-year increase in cost of revenue was primarily due to a higher cost of access expense relating to increased revenue and was largely associated with the new contract signed with HM Revenue & Customs (HMRC), which was announced last quarter.
Sales, general and administrative expenses (SG&A) remained relatively flat on a sequential and year-over-year basis.
Earnings
GCUK's adjusted IFRS EBITDA for the first quarter was 21 million pounds, compared with 22 million pounds in the fourth quarter of 2007 and 18 million pounds in the first quarter of 2007.
GCUK recorded net profit of 1 million pounds for the first quarter of 2008, compared with a net loss of 2 million pounds in the fourth quarter of 2007 and a net profit of 1 million pounds in the first quarter of 2007. The sequential variance in net profit was primarily due to a 4 million pound tax charge in the fourth quarter associated with a write-down of a deferred tax asset.
Cash Position
As of March 31, 2008, GCUK had 33 million pounds of cash and cash equivalents. Net cash provided by operating activities during the first quarter totaled 15 million pounds. GCUK's net increase in cash and cash equivalents was 9 million pounds in the first quarter, including 6 million pounds for capital expenditures and principal payments on finance leases.
Non-GAAP Financial Measures
Pursuant to the U.S. Securities and Exchange Commission's (SEC's) Regulation G, the attached tables include definitions of adjusted IFRS EBITDA and adjusted gross margin measures, as well as reconciliations of such measures to the most directly comparable financial measures calculated and presented in accordance with International Financial Reporting Standards (IFRS) as published by the International Accounting Standards Board (IASB).
International Financial Reporting Standards
GCUK's results reported here include unaudited consolidated financial results for the three months ended March 31, 2008 and 2007 and unaudited consolidated financial results for the three months ended December 31, 2007; the unaudited consolidated balance sheet as of March 31, 2008; and the audited consolidated balance sheet as of December 31, 2007, in accordance with IFRS. GCUK's results for the first quarters of 2008 and 2007 and the fourth quarter of 2007 were included in Global Crossing's consolidated results previously reported on May 8, 2008, in accordance with U.S. Generally Accepted Accounting Principles (U.S. GAAP) and in U.S. dollars.
Conference Call
Management has scheduled a conference call for Monday, June 16, 2008, at 9:00 a.m. EDT/2:00 p.m. BST to discuss GCUK's financial results. The call may be accessed by dialing +1 212 231 2900 or +44 (0) 800 528 0985. Callers are advised to dial in 15 minutes prior to the 9:00 a.m. EDT start time. The call will also be Webcast at http://investors.globalcrossing.com/results.cfm.
A replay of the call will be available on Monday, June 16, 2008, beginning at 11:00 a.m. EDT/4:00 p.m. BST and will be accessible until Monday, June 23, 2008 at 11:00 a.m. EDT/4:00 p.m. BST. To access the replay, dial +1 402 977 9140 or +1 800 633 8284 and enter reservation number 21385046. UK callers may access the replay by dialing +44 (0) 870 000 3081 or +44 (0) 800 692 0831 and entering reservation number 21385046.
ABOUT GLOBAL CROSSING UK TELECOMMUNICATIONS LTD.
Global Crossing UK Telecommunications Ltd. provides a full range of managed telecommunications services in a secure environment ideally suited for IP-based business applications. The company provides managed voice, data, Internet and e-commerce solutions to a strong and established commercial customer base, including more than 100 UK government departments, as well as systems integrators, rail sector customers and major corporate clients. In addition, Global Crossing UK provides carrier services to national and international communications service providers.
ABOUT GLOBAL CROSSING
Global Crossing provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects approximately 390 cities in more than 30 countries worldwide, and delivers services to approximately 690 cities in more than 60 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide.
Global Crossing IP services are global in scale, linking the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of data, voice and security products to approximately 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs. Its Professional Services and Managed Solutions provide VoIP, security and network consulting and management services to support its Global Crossing IP VPN service and Global Crossing VoIP services. Global Crossing was the first global communications provider with IPv6 natively deployed in both its private and public backbone networks.
Please visit http://www.globalcrossing.com/ or blogs.globalcrossing.com/ for more information about Global Crossing.
This press release contains statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties that could cause GCUK's actual results to differ materially, including: the level of competition in the marketplace; pricing pressures resulting from technology advances and regulatory changes; competitive disadvantages relative to competitors with superior resources; dependence on a number of key personnel; the concentration of revenue in a limited number of customers; customer contracts typically do not have firm commitments to purchase minimum levels of revenue or services; the reliance on a limited number of third party suppliers; a change of control could lead to the termination of many of the company's government contracts; insolvency could lead to termination of certain of the company's contracts; slower than anticipated adoption by customers of next generation products; risks relating to the operation, administration, maintenance and repair of our systems; terrorist attacks or other acts of violence or war that may adversely affect the financial markets and our business and operations; the accuracy of our real estate restructuring provision; the influence of the company's parent, and possible conflicts of interest of the parent or of certain of GCUK's directors and officers; the sharing of corporate and operational services with our parent; our ability to raise capital through financing activities; and other risks referenced from time to time in the company's filings with the Securities and Exchange Commission. The company undertakes no duty to update information contained in this press release or in other public disclosures at any time.
CONTACT GLOBAL CROSSING:
Press Contact
Becky Yeamans
+ 1 973 937 0155
PR@globalcrossing.com
Analysts/Investors Contacts
Suzanne Lipton
+ 1 800 836 0342
glbc@globalcrossing.com
Gino Mathew
Europe
+ 1 973 937 0133
gino.mathew@globalcrossing.com
IR/PR1
6 Financial Tables Follow
Global Crossing (UK) Telecommunications Limited and
Subsidiaries Table 1
Summary of Consolidated Revenues
Results below are in pounds sterling in thousands.
Three months ended
March 31, December 31, March 31,
2008 2007 2007
(unaudited) (unaudited) (unaudited)
Revenues:
Enterprise and carrier data 76,958 74,797 73,597
Wholesale voice 1,319 1,141 1,368
78,277 75,938 74,965
Global Crossing group companies 125 125 125
Consolidated revenues 78,402 76,063 75,090
Global Crossing (UK) Telecommunications Limited and
Subsidiaries Table 2
Consolidated Statements of Operations
Results below are in pounds sterling in thousands.
Three months ended
March 31, December 31, March 31,
IFRS in IFRS Reporting Format 2008 2007 2007
(unaudited) (unaudited) (unaudited)
Revenue 78,402 76,063 75,090
Cost of sales (48,592) (45,157) (46,307)
Gross profit 29,810 30,906 28,783
Distribution costs (4,073) (4,232) (3,721)
Administrative expenses (16,987) (14,969) (16,853)
Operating profit 8,750 11,705 8,209
Finance revenue 1,036 1,608 1,279
Finance charges (8,735) (10,303) (8,708)
Profit before tax 1,051 3,010 780
Tax charge (244) (4,646) (260)
Profit (loss) for the period 807 (1,636) 520
Three months ended
March 31, December 31, March 31,
IFRS in U.S. GAAP Reporting Format 2008 2007 2007
(unaudited) (unaudited) (unaudited)
REVENUES 78,402 76,063 75,090
Cost of revenue (excluding
depreciation and amortization shown
separately below)
Cost of access (24,048) (22,727) (23,048)
Real estate, network and operations (12,735) (10,322) (11,916)
Third party maintenance (4,417) (4,121) (4,676)
Cost of equipment sales (8,882) (7,900) (9,128)
Total cost of revenue (50,082) (45,070) (48,768)
Selling, general and administrative (8,619) (8,424) (8,224)
Depreciation and amortization (10,951) (10,877) (9,565)
Total operating expenses (69,652) (64,371) (66,557)
OPERATING INCOME 8,750 11,692 8,533
OTHER INCOME (EXPENSE)
Interest expense, net (7,759) (7,439) (7,436)
Other income (expense), net 60 (1,243) (317)
INCOME BEFORE PROVISION FOR INCOME
TAXES 1,051 3,010 780
Provision for income taxes (244) (4,646) (260)
NET INCOME (LOSS) 807 (1,636) 520
Note: The classification differences between reporting under IFRS and
U.S. Generally Accepted Accounting Principles (GAAP) are as follows:
Cost of sales:
Under IFRS, the company includes cost of access, third party
maintenance, customer-specific costs and depreciation on network assets
within cost of sales.
Cost of revenue:
Under U.S. GAAP, the company includes cost of access, real estate,
network and operations, third party maintenance and cost of equipment
sales within cost of revenue.
Foreign currency gains/(losses):
Under IFRS, the company includes foreign currency gains and losses
within operating profit, except for those related to the senior secured
notes, which are included in finance charges, and those related to loans
to related parties, which are included in finance revenue. Under U.S.
GAAP, all foreign exchange gains/(losses) are included in other income
(expense), net.
Global Crossing (UK) Telecommunications Limited and
Subsidiaries Table 3
Consolidated Balance Sheets
Results below are in pounds sterling in thousands.
March 31, December 31,
2008 2007
(unaudited) (audited)
Non-current assets
Intangible assets, net 13,081 13,351
Property, plant and equipment, net 182,328 185,719
Investment in associate 200 200
Retirement benefit asset 961 961
Trade and other receivables 28,830 28,511
225,400 228,742
Current assets
Trade and other receivables 62,059 66,237
Cash and cash equivalents 33,038 23,954
95,097 90,191
Total assets 320,497 318,933
Current liabilities
Trade and other payables (69,410) (65,619)
Senior secured notes (1,158) (1,158)
Deferred revenue (47,390) (47,126)
Provisions (1,960) (2,137)
Obligations under finance leases (11,609) (11,945)
Other debt obligations (641) (463)
Derivative financial instrument (970) (1,048)
(133,138) (129,496)
Non-current liabilities
Trade and other payables (572) (650)
Senior secured notes (247,980) (247,788)
Deferred revenue (104,711) (106,961)
Retirement benefit obligation (3,033) (3,110)
Provisions (3,931) (4,160)
Obligations under finance leases (17,759) (20,242)
Other debt obligations (602) (430)
Derivative financial instrument (727) (1,048)
(379,315) (384,389)
Total liabilities (512,453) (513,885)
Net liabilities (191,956) (194,952)
Capital and reserves
Equity share capital (101,000 shares
outstanding at 1 pound sterling each) 101 101
Capital reserve 29,147 27,648
Hedging reserve (1,345) (2,035)
Accumulated deficit (219,859) (220,666)
Total equity (191,956) (194,952)
Global Crossing (UK) Telecommunications Limited and
Subsidiaries Table 4
Consolidated Cash Flow Statements
Results below are in pounds sterling in thousands.
Three months ended
March 31, March 31,
2008 2007
(unaudited) (unaudited)
Operating activities:
Profit for the period 807 520
Adjustments for:
Finance costs, net 7,699 7,429
Income tax 244 260
Depreciation of property, plant and
equipment 8,668 8,299
Amortization of intangible assets 554 856
Share based payment expense 1,499 715
Loss on disposal of property, plant
and equipment - 266
Change in provisions (472) (1,859)
Change in operating working capital (2,113) (10,169)
Change in other assets and
liabilities (1,750) 960
Cash generated from operations 15,136 7,277
Interest paid (446) (996)
Net cash provided by operating
activities 14,690 6,281
Investing activities:
Interest received 220 1,168
Purchase of property, plant and
equipment (4,550) (8,439)
Net cash used in investing activities (4,330) (7,271)
Financing activities:
Repayments of capital elements under
finance leases (1,653) (2,132)
Proceeds from debt obligations, net 474 774
Repayment of capital element of other
debt obligations (97) -
Net cash used in financing activities (1,276) (1,358)
Net increase/(decrease) in cash and
cash equivalents 9,084 (2,348)
Cash and cash equivalents at
beginning of period 23,954 40,309
Cash and cash equivalents at end of
period 33,038 37,961
Non-cash in financing activities:
Capital lease and debt obligations
incurred 694 3,984
Global Crossing (UK) Telecommunications Limited and
Subsidiaries Table 5
Reconciliation of adjusted IFRS EBITDA to Profit (Loss)
for the Period (unaudited)
Results below are in pounds sterling in thousands.
Three months ended
March 31, December 31, March 31,
2008 2007 2007
(unaudited) (unaudited) (unaudited)
Adjusted IFRS EBITDA 21,200 22,424 18,489
Non-cash stock compensation (1,499) 158 (715)
Depreciation and amortization (10,951) (10,877) (9,565)
Finance revenue 1,036 1,608 1,279
Finance charges (8,735) (10,303) (8,708)
Taxation (244) (4,646) (260)
Profit (loss) for period 807 (1,636) 520
Consistent with the SEC's Regulation G, the foregoing table provides a
reconciliation of adjusted IFRS EBITDA, which is considered a non-GAAP
financial metric, to profit (loss) for the period, which is the most
directly comparable IFRS measure. Management believes that adjusted IFRS
EBITDA is a relevant indicator of operating performance, especially in a
capital-intensive industry such as telecommunications. Adjusted IFRS
EBITDA is an important aspect of the company's internal reporting and is
also used by the investment community in assessing financial performance.
This non-GAAP measure should be used in addition to, but not as a
substitute for, the analysis provided in the consolidated statement of
operations.
Definition:
Adjusted IFRS EBITDA consists of profit (loss) for the period before
non-cash stock compensation, taxation, finance costs, finance revenue and
depreciation and amortization expense recorded to cost of sales and
administrative expenses.
Global Crossing (UK) Telecommunications Limited and
Subsidiaries Table 6
Reconciliation of Adjusted Gross Margin to Gross Profit (unaudited)
Results below are in pounds sterling in thousands.
Three months ended
March 31, December 31, March 31,
2008 2007 2007
(unaudited) (unaudited) (unaudited)
Adjusted Gross Margin 54,354 53,336 52,042
Less:
Customer-specific costs (10,020) (8,426) (10,128)
Third-party maintenance (4,417) (4,121) (4,676)
Depreciation & amortization
(included within cost of sales) (10,107) (9,883) (8,455)
Gross Profit (IFRS) 29,810 30,906 28,783
Consistent with the SEC's Regulation G, the foregoing table provides a
reconciliation of adjusted gross margin, which is considered a non-GAAP
financial metric, to gross profit, which is the most directly comparable
IFRS measure. Management believes that Adjusted Gross Margin is a
relevant indicator of operating performance since it links revenue lines
with the largest and most directly related costs incurred to generate
such revenue. Adjusted Gross Margin should be used in addition to, but
not as a substitute for, the analysis provided in the income statement
and to provide comparability to the parent company's financial
presentations, which include this metric.
Definitions:
Adjusted gross margin is revenue minus cost of access.
Gross profit is revenue minus cost of access, customer-specific costs,
third party maintenance and depreciation and amortization recorded to
cost of sales.
Global Crossing
CONTACT: Press, Becky Yeamans, +1-973-937-0155, PR@globalcrossing.com, or Analysts-Investors, Suzanne Lipton, +1-800-836-0342, glbc@globalcrossing.com, or Gino Mathew, Europe, +1-973-937-0133, gino.mathew@globalcrossing.com, all of Global Crossing
Web site: http://www.globalcrossing.com/
Hughes to Provide Barrett Xplore with Hughes SPACEWAY 3 Satellite Equipment & CapacityBarrett Xplore first to purchase advanced, Ka-band satellite solution to provide broadband services to consumers and businesses throughout Canada
GERMANTOWN, Md., June 16 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), the global leader in broadband satellite network solutions and services, today announced that it will provide advanced SPACEWAY(TM) 3 broadband satellite equipment and services to broadband provider Barrett Xplore Inc. of New Brunswick, Canada. The contract includes satellite capacity on SPACEWAY 3, a gateway earth station, and remote terminals. Barrett Xplore will offer the broadband satellite services to the Canadian market under its Xplornet brand.
"Xplornet is investing in technology to further our mandate to provide urban-quality broadband to homes and businesses in rural Canada," said John Maduri, CEO of Barrett Xplore. "The addition of services based on the Hughes technology allows us to expand capacity in Canada to help bridge the rural-urban digital divide."
The SPACEWAY 3 platform delivers highly efficient and robust residential service and is also ideal for the business customer with its onboard switching and routing capability, providing direct branch-to-branch/small-dish-to-small dish connectivity. Using the SPACEWAY 3 platform will allow Barrett Xplore to accelerate growth in all parts of Canada.
"By using the new capabilities provided by the SPACEWAY 3 platform, Barrett Xplore can better serve their markets across Canada," said Mike Cook, senior vice president at Hughes. "In addition to enabling higher speed services, SPACEWAY 3 also offers end-to-end Class of Service (CoS) capabilities to better prioritize business applications for the best performance possible."
Initially, Barrett Xplore will roll out Ka-band service focusing primarily on the residential and home office market using pre-determined service packages that operate on Hughes gateway earth stations. Services for business and residential users on the Barrett Xplore owned and operated network are scheduled to be available in the second half of 2008.
The SPACEWAY 3 satellite was launched in August 2008 and is the largest commercial satellite in North America, as well as the world's first commercial satellite with on-board switching and routing, the first "switch-in-the-sky", enabling single hop, dish-to-dish connectivity. Commercial service began April 3, 2008.
About Barrett Xplore Inc.
Barrett Xplore Inc. (BXI - http://www.barrettxplore.com/), thru its Xplornet brand, is Canada's largest and fastest growing wireless broadband service provider. Through a combination of fixed wireless and satellite technologies Xplornet delivers high-speed Internet to people everywhere in Canada, with a particular focus on non-urban, rural, and remote residences and businesses. This unique mix of fixed wireless and satellite solutions means that Canadian Internet users no longer need to accept slow, poor or expensive service.
About Hughes Network Systems
Hughes Network Systems, LLC (HUGHES) is the global leader in providing broadband satellite networks and services for large enterprises, governments, small businesses, and consumers. HughesNet(R) encompasses all broadband solutions and managed services from Hughes, bridging the best of satellite and terrestrial technologies. Its broadband satellite products are based on global standards approved by the TIA, ETSI and ITU standards organizations, including IPoS, RSM-A and GMR-1. To date, Hughes has shipped more than 1.5 million systems to customers in over 100 countries.
Headquartered outside Washington, D.C., in Germantown, Maryland, USA, Hughes maintains sales and support offices worldwide. Hughes is a wholly owned subsidiary of Hughes Communications, Inc. . For additional information, please visit http://www.hughes.com/.
(C)2008 Hughes Network Systems, LLC. Hughes, SPACEWAY, and HughesNet are trademarks of Hughes Network Systems, LLC. Other trademarks are the property of their respective owners.
Hughes Network Systems, LLC
CONTACT: Judy Blake of Hughes Network Systems, +1-301-601-7330, jblake@hns.com; or Donna Armstrong of Brodeur, +1-202-775-2650, darmstrong@brodeur.com
Web site: http://www.hns.com/ http://www.barrettxplore.com/
[video] Wallst.net's '3 Minute Press Show' Features Executive Interviews and Highlights Recent Press for the Following: DLKM, INFA, NMKT, DGCO, EXK
NEW YORK, June 16 /PRNewswire-FirstCall/ -- WallSt.net's 3-Minute Press Show is a daily video program hosted by WallSt.net reporter, Tracee Tolentino.
Shows air Monday through Friday on: http://tv.wallst.net/
WallSt.net's 3-Minute Press Show features in-depth interviews with public company executives on their company and most recent press releases. The show is designed to provide viewers with insight into a company's most recent press release, and its impact on the company's growth.
The following executives were interviewed on today's show:
-- Harp Sangha, President and CEO of Douglas Lake Minerals, Inc.
(BULLETIN BOARD: DLKM) (http://www.douglaslakeminerals.com/)
To view this clip in its entirety, visit:
http://tv.wallst.net/r/3-minute-press/michelle/105/510
-- Dr. Chris Boorman, Senior VP and Chief Marketing Officer of Informatica
Corp.
(http://www.informatica.com/)
To view this clip in its entirety, visit:
http://tv.wallst.net/r/3-minute-press/michelle/105/509
-- Bruce Noller, President of Managed Services for NewMarket Technology,
Inc.
(BULLETIN BOARD: NMKT) (http://www.newmarkettechnology.com/)
To view this clip in its entirety visit:
http://tv.wallst.net/r/3-minute-press/kazman/105/508
-- Jay Rifkin, CEO of Digicorp, Inc.
(BULLETIN BOARD: DGCO) (http://www.dgcoinc.com/)
To view this clip in its entirety, visit:
http://tv.wallst.net/r/3-minute-press/michelle/105/512
-- Bradford Cooke, Chief Executive Officer of Endeavour Silver Corp.
(http://www.edrsilver.com/)
To view this clip in its entirety, visit:
http://tv.wallst.net/r/3-minute-press/mktmaker/105/511
About WallStreet Direct, Inc.
WallStreet Direct, Inc. a wholly-owned subsidiary of Financial Media Group, Inc. (BULLETIN BOARD: FNGP) , owns and operates WallSt.net (http://www.wallst.net/), a leading source of up-to-the-minute business news, comprehensive financial tools and original multimedia content for the investment community. In addition to WallSt.net, WallStreet Direct owns and operates WallStRadio (http://radio.wallst.net/) an online hub for business podcasts from well-known business news personalities and publishers. We have received six thousand five hundred twenty five dollars from NewMarket Technology, Inc. for media and advertising services in 2006. To read our full disclaimer, and for a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.php.
Contact
WallSt.net
800-4-WALLST
WallStreet Direct, Inc.; Douglas Lake Minerals, Inc.; Informatica
CONTACT: WallSt.net, 1-800-4-WALLST
Web site: http://www.wallst.net/ http://tv.wallst.net/ http://www.douglaslakeminerals.com/ http://www.informatica.com/ http://www.newmarkettechnology.com/ http://www.dgcoinc.com/ http://www.edrsilver.com/
Atmel Introduces picoPower tinyAVR Microcontrollers for Battery-based and Cost-sensitive Applications
SAN JOSE, California, June 16 /PRNewswire/ --
Atmel(R) Corporation (Nasdaq: ATML) announced today two new low power
32-pin tinyAVR(R) microcontrollers, the ATtiny48 and ATtiny88 devices which
have 4- and 8-Kbytes of Flash memory, respectively. These AVR(R)
microcontrollers consume less than 240 uA at 1.8V and 1 MHz, and below 100 nA
in power-down mode and are especially suited for portable and power sensitive
systems such as remote control, accessories and small appliances.
The new tinyAVR microcontrollers utilize Atmel's industry leading
picoPower(TM) technology that eliminates unnecessary power consumption. They
have a zero power brown-out detection circuitry that can be turned off during
sleep modes, a power reduction register that powers down individual
peripherals, and digital input disable registers that remove leakage current
on ADC input pins.
The ATtiny48/88 operates from 1.8 to 5.5 volts and features a 10-bit ADC,
SPI, I2C interface, internal temperature sensor, and have up to 12 MIPS
throughput at 12 MHz. Like all the other AVR microcontrollers, the
ATtiny48/88 features an on-chip debug system for easy, fast, and robust
development.
"Atmel's successful picoPower megaAVR(R) devices offer the best-in-class
power saving features and performance. The ATtiny48/88 is now extending the
reach, offering an affordable solution for applications that require very low
power consumption and are very cost sensitive. Our customers in the consumer
electronics market want to develop products that consume less and less power,
and the new ATtiny48/88 are a perfect fit," said Jukka Eskelinen, Director of
tinyAVR Product Marketing.
All tinyAVR microcontrollers use the standard AVR microcontroller
development tools. The AVR Studio(R) AVR integrated development environment
is available free of charge on Atmel's web site.
Availability and Pricing
Samples for the ATtiny48 are available now, the ATtiny88 will be
available in 3Q2008 in the following packages QFN32, QFN28, TQFP32 and
PDIP28. Volume prices for 10k units are USD $0.80 for the ATtiny48 and
USD $1.04 for the ATtiny88.
About Atmel
Atmel is a worldwide leader in the design and manufacture of
microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio
frequency (RF) components. Leveraging one of the industry's broadest
intellectual property (IP) technology portfolios, Atmel is able to provide
the electronics industry with complete system solutions focused on consumer,
industrial, security, communications, computing and automotive markets.
(C) 2008 Atmel Corporation. All Rights Reserved. Atmel(R), logo and
combinations thereof, AVR(R), tinyAVR(R), megaAVR(R) and others, are
registered trademarks, picoPower(TM) and others are trademarks of Atmel
Corporation or its subsidiaries. Other terms and product names may be
trademarks of others.
Information:
Atmel's AVR product information is available at
http://www.atmel.com/products/AVR
Atmel Press Contacts:
Philippe Faure, Marketing Communications Director - Microcontrollers
Tel: +33-2-40-18-18-87, Email: philippe.faure@atmel.com
Helen Perlegos, Public Relations
Tel: +1-408-487-2963, Email: hperlegos@atmel.com
Web site: http://www.atmel.com/products/AVR
Atmel Corporation
Philippe Faure, Marketing Communications Director - Microcontrollers, +33-2-40-18-18-87, philippe.faure@atmel.com; or Helen Perlegos, Public Relations, +1-408-487-2963, hperlegos@atmel.com, both of Atmel Corporation
Micrel Enables World's Smallest Load Switch With Highest Current for Maximum Mobile FeaturesThe MIC94040/1/2/3 Series Targets High-End, Compact Portable Devices Requiring High Current
SAN JOSE, Calif., June 16 /PRNewswire-FirstCall/ -- Micrel Inc., , an industry leader in analog, high bandwidth communications and Ethernet IC solutions, today launched the MIC94040/1/2/3, a new family of high side load switches featuring breakthrough packaging technology. The chips are aimed at a wide variety of high-end portable, battery powered consumer devices, including smart/feature phones, personal multimedia and navigation, and Ultra Mobile PCs (UMPCs). The MIC94040/1/2/3 are currently available in volume quantities with pricing starting at $0.34 for 10K quantities. Samples can now be ordered on line on Micrel's web site at: http://www.micrel.com/ProductList.do.
"Advanced feature convergence in today's small handheld battery powered devices requires the power system to control many higher current supply rails and at the same time, provide the smallest possible solution," said Andy Khayat, director of Micrel's portable product group. "Micrel's unique packaging technology employed by the MIC94040/1/2/3 family gives portable device designers the best solution for high current, space-constrained applications."
Micrel's innovative version of MLF(R) package technology extends battery life by greatly reducing the on-resistance (RDSON) of the MIC94040/1/2/3 devices down to 28mohm. Also, superior thermal performance of the new package technology allows more than 3A continuous current from a tiny 1.2mm x 1.2mm package, enabling applications such as UMPCs to use the MIC94040/1/2/3 for high current circuits. Each device operates from 1.7V to 5.5V input and can be controlled with very low 1.5V logic due to a novel level shift circuitry that allows it to control higher voltage supplies. The MIC94040 and MIC94041 feature rapid turn on, while the MIC94042 and MIC94043 provide a slew rate controlled Soft-Start turn-on of 116microns (typical) to prevent in-rush current. In addition, the MIC94041 and MIC94043 feature an active load discharge circuit that ensures capacitive loads are automatically discharged whenever the main switch is in an OFF state.
"The MIC94040/1/2/3 family continues Micrel's dominant lead in portable load switches by complementing the MIC9406x and MIC9407x product families," noted Andy Cowell, vice president of marketing for Micrel's analog product division. "The MIC9404x, the world's smallest load switch family, enables the designer to select the lowest cost, smallest footprint solution, allowing for more compact and effective mobile designs."
About Micrel, Inc.
Micrel Inc., is a leading global manufacturer of IC solutions for the worldwide analog, Ethernet and high bandwidth markets. The Company's products include advanced mixed-signal, analog and power semiconductors; high performance communication, clock management, Ethernet switch and physical layer transceiver ICs. Company customers include leading manufacturers of enterprise, consumer, industrial, mobile, telecommunications, automotive, and computer products. Corporation headquarters and state-of-the-art wafer fabrication facilities are located in San Jose, CA with regional sales and support offices and advanced technology design centers situated throughout the Americas, Europe and Asia. In addition, the Company maintains an extensive network of distributors and reps worldwide. Web: http://www.micrel.com/.
Note: MLF is a registered trademark of Amkor Technology.
Micrel Inc.
CONTACT: Julieanne DiBene, Marketing Communications of Micrel Inc., +1-408-474-1276, Julie.DiBene@Micrel.com
Web site: http://www.micrel.com/
Joytoto USA, Inc. Announces Plans to Distribute the Popular Online Video Game 'The Great Merchant' in the United States
SANTA CLARA, Calif., June 16 /PRNewswire-FirstCall/ -- Joytoto USA, Inc. (BULLETIN BOARD: JYTO.OB) , a leading consumer electronics and online game publisher, announced plans to distribute the popular Korean online game "The Great Merchant" to consumers in the United States, after its conversion to English is complete. The conversion is expected to be completed and will be available for closed beta service during the fourth quarter of this year.
The scheduled release is part of the mounting effort at Joytoto USA to fully capitalize on its North American Master License Agreement with Joyon Entertainment Co., Ltd. ("Joyon Korea").
"The Great Merchant" is one of the most successful MMORPG's (Massively Multi-Player Online Role Playing Games) in the Korean online gaming market. The Korean version of the game has been rated by Daum (South Korea's second largest web portal and search engine) as the 4th most popular online game played in Korea, and it has also been awarded the Korean Entertainment Grand Prize.
About:
Joytoto USA, Inc. (BULLETIN BOARD: JYTO.OB - News) . The company's two business segments are electronic products and components, and online games. The electronic products and components business is that of a virtual, original equipment manufacturer (OEM) and original design manufacturer (ODM) of consumer electronics for retailers throughout the world. Joytoto USA's online game business segment operates online games in North America pursuant to an Exclusive North American Master License Agreement with Joyon Entertainment Co., Ltd. ("Joyon Korea"). The Master License Agreement gives Joytoto USA's wholly-owned subsidiary access to Joyon Korea's library of successful online games currently operating in the Asian markets which have generated more than $100,000,000 in the Asian markets.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and subject to the Safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to the company's access to additional capital competitive factors, the company's ability to consummate its acquisition strategy, consumer acceptance of the company's products and dependence on key management.
Joytoto USA, Inc.
CONTACT: Investor Relations of Joytoto USA, Inc., 1-866-492-4138
Web site: http://www.joytotousa.com/
SmartStream Technologies Banks on Informatica to Accelerate Customer ROIExtends leadership by OEMing Informatica data integration platform
REDWOOD CITY, Calif., June 16 /PRNewswire-FirstCall/ -- Informatica Corporation , the leading independent provider of data integration software, today announced that SmartStream Technologies, a leading provider of software to the financial services industry, is OEMing the Informatica PowerCenter data integration platform as part of its flagship Transaction Lifecycle Management (TLM) solutions.
In making Informatica PowerCenter the foundation of its SmartStream TLM Business Integration (TLM BI) offering, SmartStream is empowering those customers with complex data environments to accelerate the return on investment of their TLM deployments through the high-performance and cost-effective integration of data involved in transaction cycles.
"The increasing drive to streamline global banking practices means our software needs to manage highly complex and rapid transactions across platforms and different banks. By using Informatica, rather than continually creating bespoke data interfaces, we can enable a faster ROI while freeing our professional services teams to provide more value to customers," said Neil Vernon, head of SmartStream's Product Management Group. "We selected Informatica to power TLM BI following an evaluation where they scored highest against our key criteria of usability, reusability and performance. In addition, it was critical that TLM BI have the focus and support of a recognized best-of-breed vendor such as Informatica."
Previously, SmartStream took a custom approach to addressing the data integration needs of each customer. But with banking becoming more globalized, legislated, and focused on achieving operational efficiency, SmartStream solutions have increasingly needed to embrace multiple data formats, utilize data from many more platforms, and meet the requirements of an expanding transaction lifecycle. In turning to Informatica, SmartStream is now able to meet these needs through a standard platform approach to data integration that can keep pace with customers' escalating processing requirements, and has avoided having to build and sustain advanced integration capabilities on its own.
As the data integration engine for TLM BI, Informatica PowerCenter serves as the data hub for a growing number of SmartStream customers with complex data environments. PowerCenter provides these customers with a highly scalable and codeless development environment to facilitate the integration of data from literally hundreds of disparate source systems and applications. This includes handling data from proprietary and legacy banking systems as well as industry standard libraries including CHAPS, SWIFT, NACHA and FIX. Consequently, Smart Stream has reduced both its own development costs and those of its customers, sped up customer time-to-value, and redeployed its professional services teams from data integration tasks to providing higher-value business process management consulting.
"Powerful data integration is pivotal in today's banking environments, from managing risk to knowing the customer to providing visibility into transaction processes like the way SmartStream does it," said Harry Gould, senior vice president, Worldwide Alliances, Informatica. "Informatica-powered data integration is a key resource in more than 800 financial institutions worldwide. And it is also an increasing strategic advantage for ISVs and SIs serving the financial and other industries, who can turn to Informatica to address technical challenges that lay outside of their core expertise. This keeps them and their customers perpetually on the cutting edge of data integration performance and functionality."
About SmartStream
SmartStream Technologies provides enterprise-wide, real-time Transaction Lifecycle Management (TLM) solutions to 1,000 clients, including more than 75 of the world's top 100 banks. SmartStream's solutions enable clients to tackle the barriers to Straight Through Processing (STP) and create more efficient, customer focused, cost-effective, compliant operations.
About Informatica
Informatica Corporation is the leading independent provider of data integration software and services. With Informatica, organizations can gain greater business value by integrating all their information assets from across the enterprise. More than 3,200 companies worldwide rely on Informatica to reduce the cost and expedite the time to address data integration needs of varying complexity and scale. For more information, call +1 650 38 5 5000 (1 800 653 9871 in the U.S.), or visit http://www.informatica.com/.
Note: Informatica and PowerCenter are registered trademarks of Informatica Corporation in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.
Informatica Corporation
CONTACT: Deborah Wiltshire of Informatica Corporation, +1-650-385-5360, mobile, +1-650-862-8186, dwiltshire@informatica.com; or Donna Lyon of Text 100, +1-415-593-8478, mobile, +1-650-248-1587, informatica@text100.com, for Informatica Corporation
Web site: http://www.informatica.com/
New Orbitz Price Assurance(SM) - If Our Airfare Drops, Travelers Get Automatic Cash RefundNew Innovation Makes Orbitz the First Travel Company to Automatically Refund Travelers When Cheaper Fares are Booked on Their Site
CHICAGO, June 16 /PRNewswire-FirstCall/ -- Orbitz.com (http://www.orbitz.com/), a pioneer in online travel, today introduced a game-changing new service for its customers called Orbitz Price Assurance(SM). The latest in a history of innovations from Orbitz, Orbitz Price Assurance allows customers to book and buy airfare and rest easy, knowing they are getting the best price for their flight available on our site.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070813/AQM125LOGO)
With Orbitz Price Assurance, if the price drops for a plane ticket booked on Orbitz.com and another customer subsequently books the same airline ticket on Orbitz.com for less, Orbitz will automatically send travelers a cash refund for the difference.
"Orbitz Price Assurance is a significant step forward in improving the travel booking experience," said Steve Barnhart, CEO and president, Orbitz Worldwide. "Delivering on our commitment to be the best place to search for and book travel, we are automatically refunding our customers if another customer books the same flight for less."
Orbitz has a strong heritage of innovation. Orbitz was the first online travel site to launch the transparent Flight Matrix, easing airfare comparisons for customers. Since 2003, Orbitz has sent more than 100 million alerts to its customers warning them of flight delays, gate changes or cancellations. Via its staff of full time air traffic controllers in its Chicago OrbitzTLC Center, mobile access platform (http://mobile.orbitz.com/) or Traveler Update service (http://update.orbitz.com/), Orbitz continues to be at the cutting edge of technology and service innovations in travel.
With Orbitz Price Assurance, travelers will no longer have to worry about airfare prices dropping after they have booked.
How Orbitz Price Assurance Works
* Once a customer books a flight on Orbitz, our website starts tracking to
see if another customer books the same itinerary on Orbitz at a lower
price. Price Assurance is only applicable for flights booked on or after
June 6, 2008.
* If that happens, Orbitz will issue a refund for the difference, between
$5 and $250 per traveler. Orbitz will continue tracking until the day of
the customer's flight. Each time the price drops and another customer
books, the refund amount will increase.
* Orbitz will notify customers via email when another flight is booked at
a lower price including the refund amount they will receive. Customers
can also monitor this information in the "My Trips" tab on Orbitz.com.
* Customers will receive a refund check approximately 30 days after the
trip is completed. Orbitz will mail it to the billing address for the
credit card used to make the booking. Recipients will have 90 days from
the date the check is issued to cash it.
"Price continues to be the number one motivating factor when Americans are booking flights(1)," says Aaron Cooper, Group Vice President of Online Marketing for Orbitz Worldwide. "Orbitz is the only travel company to give our customers an automatic refund to ensure they get the lowest airfare on Orbitz possible."
More details about Price Assurance are available at http://www.price.orbitz.com/.
About Orbitz Worldwide:
Orbitz Worldwide is a leading global online travel company that uses innovative technology to enable leisure and business travelers to research, plan and book a broad range of travel products. Orbitz Worldwide owns and operates a portfolio of consumer brands that includes Orbitz (http://www.orbitz.com/), CheapTickets (http://www.cheaptickets.com/), ebookers (http://www.ebookers.com/), HotelClub (http://www.hotelclub.com/), RatesToGo (http://www.ratestogo.com/), the Away Network (http://www.away.com/) and corporate travel brand Orbitz for Business (http://www.orbitzforbusiness.com/). For more information on how your company can partner with Orbitz Worldwide, visit http://corp.orbitz.com/.
(1) These are some of the findings of an Ipsos/OrbitzWorldwide poll
conducted June 3rd - June 5th, 2008 using the Ipsos U.S. Express
Omnibus Survey. Recent fliers were asked the most important factor in
booking a flight. The most important factor was Price (45%), followed
by flight date (26%), and flight time (20%). For the survey, a
nationally representative, randomly selected sample of 1,000 adults
across the United States was interviewed by telephone to reach past
year air travelers. A total of 370 people who had flown for any reason
in the past year were interviewed. With a sample of 370 people, the
results are considered accurate within +/-5.1 percentage points, 19
times out of 20, of what they would have been had the entire adult
population of air travelers in the U.S. been polled. The margin of
error will be larger within regions and for other sub-groupings of the
survey population. These data were weighted to ensure the sample's
regional and age/sex composition reflects that of the actual U.S.
population according to data from the U.S. Census Bureau.
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Orbitz Worldwide
CONTACT: Abby Hunt of Orbitz, +1-312-894-4734, abigail.hunt@orbitz.com; or Kevin Gray of Brodeur, +1-617-587-2851, kgray@brodeur.com, for Orbitz Worldwide
Web site: http://www.orbitz.com/
Amdocs Unveils Industry's First On-Demand Charging and Service Delivery OfferingAmdocs Compact Convergence On-Demand to expand addressable markets
ST. LOUIS, June 16 /PRNewswire-FirstCall/ -- Amdocs , the leading provider of customer experience systems, today unveiled plans for the release of Amdocs Compact Convergence On-Demand, the industry's first complete service enablement solution based on the "On-Demand" delivery and business models. This positions Amdocs as the only company that can enable greenfield to mid-tier service providers, such as the new WiMAX (Worldwide Interoperability for Microwave Access) entrants, to offer services through an On-Demand model. In addition, it affordably provides capabilities to launch, charge and support new services quickly and with all the benefits of a "pay-as-you-grow" model.
On-Demand (a.k.a. Software-as-a-Service or SaaS) stipulates the hosting of applications as a service provided to customers over the Internet, freeing customers from the need to pay for owning and maintaining the software. Multiple customers can use the same hosted applications, implementing and operating the solutions they need, remotely and online.
"Amdocs has been delivering software and services to the largest service providers in the world for the past 25 years," said Guy Dubois, executive vice president of Amdocs. "With Amdocs Compact Convergence On-Demand, Amdocs is expanding its footprint in the marketplace to deliver Amdocs' software and industry best practices to smaller providers at an affordable and predictable total cost of ownership. Using the On-Demand platform, these service providers will be able to compete effectively in the market and offer a superior customer experience to their end customers."
Available later this year, Amdocs Compact Convergence On-Demand is the first-of-its-kind On-Demand offering spanning business and operational support systems, service delivery, and intelligent networks (IN). The Amdocs offering includes convergent real-time charging, business applications, customer care and self-service. It also provides a powerful service creation environment, including application and media servers and network gateways, and automates processes to enable rapid time to market for new services.
For more information, visit: http://www.amdocs.com/saas.
About Amdocs Customer Experience Systems (CES)
Amdocs CES, introduced in January 2008, is an integrated portfolio that delivers the operating environment service providers need to transform from providers of utility voice, data and video services into purveyors of the digital lifestyle. Amdocs CES allows providers to deliver an optimal customer experience -- personalized, participatory and timely across any service, location and device. The Amdocs CES portfolio leverages Amdocs business process best practices based on real-world scenarios, and transcends traditional business support systems (BSS), operations support systems (OSS) and service delivery platforms (SDPs) to enable service providers to address both current and emerging customer experience business processes. Amdocs' unique business model focuses on enabling its customers to create differentiation and build brand, loyalty, profitability and competitive leadership.
About Amdocs
Amdocs is the market leader in customer experience systems innovation, enabling world-leading service providers to deliver an integrated, innovative and intentional customer experience(TM) at every point of service. Amdocs provides solutions that deliver customer experience excellence, combining the software, service and expertise to help its customers execute their strategies and achieve service, operational and financial excellence. A global company with revenue of $2.84 billion in fiscal 2007, Amdocs has more than 17,000 employees and serves customers in more than 50 countries around the world. For more information, visit Amdocs at http://www.amdocs.com/.
Amdocs Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs' ability to grow in the business segments it serves, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future, however the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2007, filed on December 3, 2007, and in our quarterly 6-K furnished on February 11, 2008 and on May 6, 2008.
Amdocs
CONTACT: Steve Ortley of Weber Shandwick, +1-212-445-8470, sortley@webershandwick.com, for Amdocs
Web site: http://www.amdocs.com/
The Teltronics Cerato SE Receives the 2007 Product of the Year Award from Communications SolutionsTechnology Marketing Corporation (TMC), producer of the Communications Solutions Web site, recognizes Teltronics' excellence within the voice communications industry.
SARASOTA, Fla., June 16 /PRNewswire-FirstCall/ -- Teltronics, Inc. (BULLETIN BOARD: TELT) , a leading provider of communication solutions and services, today announced its acceptance of the 2007 Product of the Year Award from TMC's affiliate, Communications Solutions. Only the most innovative products and services brought to market in 2007 were selected as recipients of this year's award. Teltronics was honored due to its state-of-the-art, Cerato SE communications solution.
"The prestigious award is a wonderful acknowledgement of how the Teltronics Cerato SE accommodates the needs for small enterprises. This recognition exemplifies Teltronics Cerato SE as one of the best, brightest and innovative products available in the communications industry," declares Ewen Cameron, President and CEO for Teltronics. "The Cerato SE solution provides more standard features and applications than most industry products of its type. The Cerato SE's high level of reliability, functionality and flexibility all at a competitive price make it the perfect small business communications solutions," continues Cameron.
"Teltronics has been recognized with a 2007 Product of the Year Award for their excellence in the advancement of voice, data and/or video communications," said Rich Tehrani, TMC President and Group Editor-in-Chief of Communications Solutions, "Teltronics has proven they are committed to quality and excellence in solutions that benefit the customer experience as well as ROI for the companies that use them. I am pleased to honor their hard work and accomplishments and look forward to more innovative solutions from them in the future."
Teltronics' innovation in the communications industry expanded its product suite to include the growing small business market with the introduction of the Cerato SE in 2007. The Product of the Year recognition follows an April 2008 release of Teltronics Cerato family of products. This comprehensive portfolio of IP-enabled PBX systems benefits small, medium and large businesses. The Cerato SE, Cerato Vision IP, Cerato IP and Cerato ME/LE products feature exceptional voice quality, ease-of-use, productivity enhancing applications, scalability and outstanding customer support.
For over thirty-nine years, Teltronics, Inc. has been dedicated to the superior design, development and manufacturing of hardware and software that enhances the performance of communications networks. Teltronics' exceptional reputation in the industry has resulted in long-term customers, including: the largest school district in the USA, 99% of the Federal Bureau of Prisons, government networks in Mexico, Central and South America, the Middle East and Asia and major public telephone operating companies worldwide.
The 2007 Product of the Year Award winners can be found on the Communications Solutions Web site.
About Teltronics:
Teltronics, Inc. is a leading, global provider of innovative communications solutions that enable our customers to increase revenues, decrease costs and improve productivity. The Company designs, develops and manufactures electronic equipment and applications software systems that enhance the performance of communications networks. Teltronics develops VoIP and digital voice communications platforms and software and contact center solutions for small-to-large size businesses and government facilities. Teltronics is also recognized as a leading provider of network management solutions enabling enterprises and service providers to effectively monitor and maintain voice and data networks. All products are manufactured in an ISO 9001:2000 certified factory and the Company serves as a contract manufacturing partner to customers nationwide. Further information regarding Teltronics is available at the web site, http://www.teltronics.com/.
About TMC:
Technology Marketing Corporation (TMC) is an integrated global media company helping our clients build communities in print, in-person and online. TMC publishes Customer Interaction Solutions, INTERNET TELEPHONY, Unified Communications, and IMS Magazine. TMC is also the first publisher to test new products in its own on-site laboratories, TMC Labs. TMCnet, TMC's Web site, is the leading source of news and articles for the communications and technology industries. TMCnet is read by nearly one million US visitors according to Quantcast* and by over three million unique visitors each month worldwide, according to Webtrends. In addition, TMC produces INTERNET TELEPHONY Conference & EXPO, Call Center 2.0 Conference and Communications Developer Conference.
WIMAX.TMCnet.com - Now live!
Cable.tmcnet.com - Now live!
For more information about TMC, visit http://www.tmcnet.com/.
A number of statements contained in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as we "believe," "anticipate," "expect," or words of similar import. Similarly, statements that describe our future plans, objectives, strategies or goals are also forward-looking statements. These forward-looking statements involve a number of risks and uncertainties that may materially adversely affect the anticipated results. Such risks and uncertainties include, but are not limited to, the timely development and market acceptance of products and technologies, competitive market conditions, payment of the consideration under our acquisition agreements, successful integration of acquisitions and the failure to realize the expected benefits of such acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses ,the ability to make payments under our outstanding indebtedness, the ability to pay dividends on our preferred stock, risks relating to foreign currency translations, and other factors described in the Company's filings with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements made herein and are cautioned not to place undue reliance on such forward- looking statements. The forward-looking statements made herein are only made as of the date of this press release and we disclaim any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Teltronics, Inc.
CONTACT: Ewen R. Cameron, President & CEO, of Teltronics, +1-941-753-5000, ecameron@teltronics.com, or Jan Pierret, of TMC, +1-203-852-6800 x 228, jpierret@tmcnet.com
Web site: http://www.teltronics.com/ http://www.tmcnet.com/
Motorola WiMAX Accelerates the Delivery of Personal Media Experiences at WiMAX Forum Global Congress 2008Broad ecosystem of WiMAX devices enables live real-world experiences
AMSTERDAM, Netherlands, June 16 /PRNewswire-FirstCall/ -- WiMAX Forum Global Congress -- Motorola, Inc. will demonstrate its global WiMAX leadership with a showcase of its wi4 WiMAX portfolio and compelling WiMAX-enabled experiences at stand 3.37 during the WiMAX Forum Global Congress 2008, in Amsterdam, 17-18 June.
"For service providers, WiMAX is primed to deliver an economical wireless broadband network that will enable service providers to offer applications that meet demands of consumers and enterprise customer both today and tomorrow," said Fred Wright, senior vice president, cellular networks and WiMAX, Motorola Home & Networks Mobility. "Motorola's early investment and development in WiMAX ensures that our customers benefit from a comprehensive portfolio of WiMAX access points and devices designed to deliver fixed, nomadic and completely mobile personal media experiences."
For consumers, access to rich media experiences both at home and on the move is becoming a 'must-have'. Recent research* from Motorola revealed that amongst 1,000 members of the Millennial Generation (ages 16-27), 76 percent believe that their personal lifestyle would change dramatically without the Internet. Motorola will demonstrate the ability of WiMAX to support compelling consumer applications, via its live gaming demonstration, inviting visitors at the stand to challenge members of the Millennial Generation on- site and virtually via the online gaming server.
Motorola will also demonstrate a broad ecosystem of WiMAX solutions and devices, with Motorola infrastructure, such as the WAP 400 access point, interoperating live with devices from a variety of third party providers, as well as Motorola devices. The showcase of experiences such as VoIP, bandwidth-hungry applications such as video streaming, and mobility, will be displayed using devices with embedded chipsets including low-cost WiMAX- enabled laptops, fixed devices including the CPEi 750, PC cards such as Motorola's PCMw 200, and USB dongles for 'plug-and-play' connectivity.
Motorola is a leading provider of WiMAX solutions, delivering both the infrastructure and devices for consumers and enterprises. With 19 contracts for commercial 802.16e WiMAX systems in 16 countries, Motorola has already shipped more than 3,600 access points and 120,000 CPEs and PC cards.
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
*Click here for Motorola's millennial generation study.
MOTOROLA and the stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. (C) Motorola, Inc. 2008. All rights reserved
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Motorola, Inc.
CONTACT: Gemma Priscott of Motorola Home & Networks Mobility, +44 7970 882994, gemma.priscott@motorola.com
Web site: http://www.motorola.com/
Global Crossing Reports GCUK's First Quarter 2008 Results
LONDON, June 16 /PRNewswire/ --
Global Crossing (Nasdaq: GLBC), a leading global IP solutions provider,
today announced first quarter financial results for its subsidiary, Global
Crossing (UK) Telecommunications Limited (GCUK).
Highlights
GCUK generated 78 million pounds in revenue in the first quarter, with
adjusted gross margin of 69 percent or 54 million pounds and adjusted IFRS
EBITDA of 21 million pounds. (Adjusted gross margin and adjusted IFRS EBITDA
are both non-GAAP metrics that are defined and reconciled below.) The company
also generated 15 million pounds in cash from operations.
"GCUK continues to be a strong contributor to the company's results and
an important part of the company's overall global strategy," said John
Legere, Global Crossing's chief executive officer. "Our focus on delivering
the best customer experience and giving customers world-class IP services is
driving steady progress in the UK."
Revenue and Margin
GCUK generated revenue of 78 million pounds, compared with 76 million
pounds in the prior quarter and 75 million pounds for the same period in the
prior year. This represents an increase of 2 million pounds or 3 percent on a
sequential basis and an increase of 3 million pounds or 4 percent year over
year. Both the sequential and year-over-year increases came from strength in
the company's "invest and grow" category -- namely that part of the business
focused on serving enterprises and carrier customers excluding wholesale
voice. Sales order values in the first quarter of 2008 remained consistent
with those seen in 2007.
Adjusted gross margin (as defined in table 6 that follows) for the first
quarter of 2008 was 54 million pounds or 69 percent of revenue, consistent
with the prior quarter in which adjusted gross margin was 53 million pounds
or 70 percent of revenue and 52 million pounds or 69 percent of revenue in
the first quarter of 2007.
Costs
Cost of revenue, which includes cost of access, technical real estate,
network and operations, third party maintenance and cost of equipment sales,
was 50 million pounds for the quarter, compared to 45 million pounds in the
fourth quarter of 2007 and 49 million pounds in the first quarter of 2007.
The sequential increase was due to higher access costs associated with
increased revenue as well as an increase in stock-based compensation costs
resulting from annual resetting of the annual bonus program accrual to target
levels and an increase in cost of equipment sales. In addition, the fourth
quarter of 2007 included a real estate rebate. The year-over-year increase in
cost of revenue was primarily due to a higher cost of access expense relating
to increased revenue and was largely associated with the new contract signed
with HM Revenue & Customs (HMRC), which was announced last quarter.
Sales, general and administrative expenses (SG&A) remained relatively
flat on a sequential and year-over-year basis.
Earnings
GCUK's adjusted IFRS EBITDA for the first quarter was 21 million pounds,
compared with 22 million pounds in the fourth quarter of 2007 and 18 million
pounds in the first quarter of 2007.
GCUK recorded net profit of 1 million pounds for the first quarter of
2008, compared with a net loss of 2 million pounds in the fourth quarter of
2007 and a net profit of 1 million pounds in the first quarter of 2007. The
sequential variance in net profit was primarily due to a 4 million pound tax
charge in the fourth quarter associated with a write-down of a deferred tax
asset.
Cash Position
As of March 31, 2008, GCUK had 33 million pounds of cash and cash
equivalents. Net cash provided by operating activities during the first
quarter totaled 15 million pounds. GCUK's net increase in cash and cash
equivalents was 9 million pounds in the first quarter, including 6 million
pounds for capital expenditures and principal payments on finance leases.
Non-GAAP Financial Measures
Pursuant to the U.S. Securities and Exchange Commission's (SEC's)
Regulation G, the attached tables include definitions of adjusted IFRS EBITDA
and adjusted gross margin measures, as well as reconciliations of such
measures to the most directly comparable financial measures calculated and
presented in accordance with International Financial Reporting Standards
(IFRS) as published by the International Accounting Standards Board (IASB).
International Financial Reporting Standards
GCUK's results reported here include unaudited consolidated financial
results for the three months ended March 31, 2008 and 2007 and unaudited
consolidated financial results for the three months ended December 31, 2007;
the unaudited consolidated balance sheet as of March 31, 2008; and the
audited consolidated balance sheet as of December 31, 2007, in accordance
with IFRS. GCUK's results for the first quarters of 2008 and 2007 and the
fourth quarter of 2007 were included in Global Crossing's consolidated
results previously reported on May 8, 2008, in accordance with U.S. Generally
Accepted Accounting Principles (U.S. GAAP) and in U.S. dollars.
Conference Call
Management has scheduled a conference call for Monday, June 16, 2008, at
9:00 a.m. EDT/2:00 p.m. BST to discuss GCUK's financial results. The call may
be accessed by dialing +1-212-231-2900 or +44-(0)-800-528-0985. Callers are
advised to dial in 15 minutes prior to the 9:00 a.m. EDT start time. The call
will also be Webcast at http://investors.globalcrossing.com/results.cfm.
A replay of the call will be available on Monday, June 16, 2008,
beginning at 11:00 a.m. EDT/4:00 p.m. BST and will be accessible until
Monday, June 23, 2008 at 11:00 a.m. EDT/4:00 p.m. BST. To access the replay,
dial +1-402-977-9140 or +1-800-633-8284 and enter reservation number
21385046. UK callers may access the replay by dialing +44-(0)-870-000-3081 or
+44-(0)-800-692-0831 and entering reservation number 21385046.
ABOUT GLOBAL CROSSING UK TELECOMMUNICATIONS LTD.
Global Crossing UK Telecommunications Ltd. provides a full range of
managed telecommunications services in a secure environment ideally suited
for IP-based business applications. The company provides managed voice, data,
Internet and e-commerce solutions to a strong and established commercial
customer base, including more than 100 UK government departments, as well as
systems integrators, rail sector customers and major corporate clients. In
addition, Global Crossing UK provides carrier services to national and
international communications service providers.
ABOUT GLOBAL CROSSING
Global Crossing (Nasdaq: GLBC) provides telecommunications solutions over
the world's first integrated global IP-based network. Its core network
connects approximately 390 cities in more than 30 countries worldwide, and
delivers services to approximately 690 cities in more than 60 countries and 6
continents around the globe. The company's global sales and support model
matches the network footprint and, like the network, delivers a consistent
customer experience worldwide.
Global Crossing IP services are global in scale, linking the world's
enterprises, governments and carriers with customers, employees and partners
worldwide in a secure environment that is ideally suited for IP-based
business applications, allowing e-commerce to thrive. The company offers a
full range of data, voice and security products to approximately 40 percent
of the Fortune 500, as well as 700 carriers, mobile operators and ISPs. Its
Professional Services and Managed Solutions provide VoIP, security and
network consulting and management services to support its Global Crossing IP
VPN service and Global Crossing VoIP services. Global Crossing was the first
global communications provider with IPv6 natively deployed in both its
private and public backbone networks.
Please visit www.globalcrossing.com or blogs.globalcrossing.com/ for more
information about Global Crossing.
This press release contains statements about expected future events and
financial results that are forward-looking and subject to risks and
uncertainties that could cause GCUK's actual results to differ materially,
including: the level of competition in the marketplace; pricing pressures
resulting from technology advances and regulatory changes; competitive
disadvantages relative to competitors with superior resources; dependence on
a number of key personnel; the concentration of revenue in a limited number
of customers; customer contracts typically do not have firm commitments to
purchase minimum levels of revenue or services; the reliance on a limited
number of third party suppliers; a change of control could lead to the
termination of many of the company's government contracts; insolvency could
lead to termination of certain of the company's contracts; slower than
anticipated adoption by customers of next generation products; risks relating
to the operation, administration, maintenance and repair of our systems;
terrorist attacks or other acts of violence or war that may adversely affect
the financial markets and our business and operations; the accuracy of our
real estate restructuring provision; the influence of the company's parent,
and possible conflicts of interest of the parent or of certain of GCUK's
directors and officers; the sharing of corporate and operational services
with our parent; our ability to raise capital through financing activities;
and other risks referenced from time to time in the company's filings with
the Securities and Exchange Commission. The company undertakes no duty to
update information contained in this press release or in other public
disclosures at any time.
CONTACT GLOBAL CROSSING:
Press Contact
Becky Yeamans
+1-973-937-0155
PR@globalcrossing.com
Analysts/Investors Contacts
Suzanne Lipton
+1-800-836-0342
glbc@globalcrossing.com
Gino Mathew
Europe
+1-973-937-0133
gino.mathew@globalcrossing.com
IR/PR1
6 Financial Tables Follow
Global Crossing (UK) Telecommunications Limited and
Subsidiaries Table 1
Summary of Consolidated Revenues
Results below are in pounds sterling in thousands.
Three months ended
March 31, December 31, March 31,
2008 2007 2007
(unaudited) (unaudited) (unaudited)
Revenues:
Enterprise and carrier data 76,958 74,797 73,597
Wholesale voice 1,319 1,141 1,368
78,277 75,938 74,965
Global Crossing group companies 125 125 125
Consolidated revenues 78,402 76,063 75,090
Global Crossing (UK) Telecommunications Limited and
Subsidiaries Table 2
Consolidated Statements of Operations
Results below are in pounds sterling in thousands.
Three months ended
March 31, December 31, March 31,
IFRS in IFRS Reporting Format 2008 2007 2007
(unaudited) (unaudited) (unaudited)
Revenue 78,402 76,063 75,090
Cost of sales (48,592) (45,157) (46,307)
Gross profit 29,810 30,906 28,783
Distribution costs (4,073) (4,232) (3,721)
Administrative expenses (16,987) (14,969) (16,853)
Operating profit 8,750 11,705 8,209
Finance revenue 1,036 1,608 1,279
Finance charges (8,735) (10,303) (8,708)
Profit before tax 1,051 3,010 780
Tax charge (244) (4,646) (260)
Profit (loss) for the period 807 (1,636) 520
Three months ended
March 31, December 31, March 31,
IFRS in U.S. GAAP Reporting Format 2008 2007 2007
(unaudited) (unaudited) (unaudited)
REVENUES 78,402 76,063 75,090
Cost of revenue (excluding
depreciation and amortization shown
separately below)
Cost of access (24,048) (22,727) (23,048)
Real estate, network and operations (12,735) (10,322) (11,916)
Third party maintenance (4,417) (4,121) (4,676)
Cost of equipment sales (8,882) (7,900) (9,128)
Total cost of revenue (50,082) (45,070) (48,768)
Selling, general and administrative (8,619) (8,424) (8,224)
Depreciation and amortization (10,951) (10,877) (9,565)
Total operating expenses (69,652) (64,371) (66,557)
OPERATING INCOME 8,750 11,692 8,533
OTHER INCOME (EXPENSE)
Interest expense, net (7,759) (7,439) (7,436)
Other income (expense), net 60 (1,243) (317)
INCOME BEFORE PROVISION FOR INCOME
TAXES 1,051 3,010 780
Provision for income taxes (244) (4,646) (260)
NET INCOME (LOSS) 807 (1,636) 520
Note: The classification differences between reporting under IFRS and
U.S. Generally Accepted Accounting Principles (GAAP) are as follows:
Cost of sales:
Under IFRS, the company includes cost of access, third party
maintenance, customer-specific costs and depreciation on network assets
within cost of sales.
Cost of revenue:
Under U.S. GAAP, the company includes cost of access, real estate,
network and operations, third party maintenance and cost of equipment
sales within cost of revenue.
Foreign currency gains/(losses):
Under IFRS, the company includes foreign currency gains and losses
within operating profit, except for those related to the senior secured
notes, which are included in finance charges, and those related to loans
to related parties, which are included in finance revenue. Under U.S.
GAAP, all foreign exchange gains/(losses) are included in other income
(expense), net.
Global Crossing (UK) Telecommunications Limited and
Subsidiaries Table 3
Consolidated Balance Sheets
Results below are in pounds sterling in thousands.
March 31, December 31,
2008 2007
(unaudited) (audited)
Non-current assets
Intangible assets, net 13,081 13,351
Property, plant and equipment, net 182,328 185,719
Investment in associate 200 200
Retirement benefit asset 961 961
Trade and other receivables 28,830 28,511
225,400 228,742
Current assets
Trade and other receivables 62,059 66,237
Cash and cash equivalents 33,038 23,954
95,097 90,191
Total assets 320,497 318,933
Current liabilities
Trade and other payables (69,410) (65,619)
Senior secured notes (1,158) (1,158)
Deferred revenue (47,390) (47,126)
Provisions (1,960) (2,137)
Obligations under finance leases (11,609) (11,945)
Other debt obligations (641) (463)
Derivative financial instrument (970) (1,048)
(133,138) (129,496)
Non-current liabilities
Trade and other payables (572) (650)
Senior secured notes (247,980) (247,788)
Deferred revenue (104,711) (106,961)
Retirement benefit obligation (3,033) (3,110)
Provisions (3,931) (4,160)
Obligations under finance leases (17,759) (20,242)
Other debt obligations (602) (430)
Derivative financial instrument (727) (1,048)
(379,315) (384,389)
Total liabilities (512,453) (513,885)
Net liabilities (191,956) (194,952)
Capital and reserves
Equity share capital (101,000 shares
outstanding at 1 pound sterling each) 101 101
Capital reserve 29,147 27,648
Hedging reserve (1,345) (2,035)
Accumulated deficit (219,859) (220,666)
Total equity (191,956) (194,952)
Global Crossing (UK) Telecommunications Limited and
Subsidiaries Table 4
Consolidated Cash Flow Statements
Results below are in pounds sterling in thousands.
Three months ended
March 31, March 31,
2008 2007
(unaudited) (unaudited)
Operating activities:
Profit for the period 807 520
Adjustments for:
Finance costs, net 7,699 7,429
Income tax 244 260
Depreciation of property, plant and
equipment 8,668 8,299
Amortization of intangible assets 554 856
Share based payment expense 1,499 715
Loss on disposal of property, plant
and equipment - 266
Change in provisions (472) (1,859)
Change in operating working capital (2,113) (10,169)
Change in other assets and
liabilities (1,750) 960
Cash generated from operations 15,136 7,277
Interest paid (446) (996)
Net cash provided by operating
activities 14,690 6,281
Investing activities:
Interest received 220 1,168
Purchase of property, plant and
equipment (4,550) (8,439)
Net cash used in investing activities (4,330) (7,271)
Financing activities:
Repayments of capital elements under
finance leases (1,653) (2,132)
Proceeds from debt obligations, net 474 774
Repayment of capital element of other
debt obligations (97) -
Net cash used in financing activities (1,276) (1,358)
Net increase/(decrease) in cash and
cash equivalents 9,084 (2,348)
Cash and cash equivalents at
beginning of period 23,954 40,309
Cash and cash equivalents at end of
period 33,038 37,961
Non-cash in financing activities:
Capital lease and debt obligations
incurred 694 3,984
Global Crossing (UK) Telecommunications Limited and
Subsidiaries Table 5
Reconciliation of adjusted IFRS EBITDA to Profit (Loss)
for the Period (unaudited)
Results below are in pounds sterling in thousands.
Three months ended
March 31, December 31, March 31,
2008 2007 2007
(unaudited) (unaudited) (unaudited)
Adjusted IFRS EBITDA 21,200 22,424 18,489
Non-cash stock compensation (1,499) 158 (715)
Depreciation and amortization (10,951) (10,877) (9,565)
Finance revenue 1,036 1,608 1,279
Finance charges (8,735) (10,303) (8,708)
Taxation (244) (4,646) (260)
Profit (loss) for period 807 (1,636) 520
Consistent with the SEC's Regulation G, the foregoing table provides a
reconciliation of adjusted IFRS EBITDA, which is considered a non-GAAP
financial metric, to profit (loss) for the period, which is the most
directly comparable IFRS measure. Management believes that adjusted IFRS
EBITDA is a relevant indicator of operating performance, especially in a
capital-intensive industry such as telecommunications. Adjusted IFRS
EBITDA is an important aspect of the company's internal reporting and is
also used by the investment community in assessing financial performance.
This non-GAAP measure should be used in addition to, but not as a
substitute for, the analysis provided in the consolidated statement of
operations.
Definition:
Adjusted IFRS EBITDA consists of profit (loss) for the period before
non-cash stock compensation, taxation, finance costs, finance revenue and
depreciation and amortization expense recorded to cost of sales and
administrative expenses.
Global Crossing (UK) Telecommunications Limited and
Subsidiaries Table 6
Reconciliation of Adjusted Gross Margin to Gross Profit (unaudited)
Results below are in pounds sterling in thousands.
Three months ended
March 31, December 31, March 31,
2008 2007 2007
(unaudited) (unaudited) (unaudited)
Adjusted Gross Margin 54,354 53,336 52,042
Less:
Customer-specific costs (10,020) (8,426) (10,128)
Third-party maintenance (4,417) (4,121) (4,676)
Depreciation & amortization
(included within cost of sales) (10,107) (9,883) (8,455)
Gross Profit (IFRS) 29,810 30,906 28,783
Consistent with the SEC's Regulation G, the foregoing table provides a
reconciliation of adjusted gross margin, which is considered a non-GAAP
financial metric, to gross profit, which is the most directly comparable
IFRS measure. Management believes that Adjusted Gross Margin is a
relevant indicator of operating performance since it links revenue lines
with the largest and most directly related costs incurred to generate
such revenue. Adjusted Gross Margin should be used in addition to, but
not as a substitute for, the analysis provided in the income statement
and to provide comparability to the parent company's financial
presentations, which include this metric.
Definitions:
Adjusted gross margin is revenue minus cost of access.
Gross profit is revenue minus cost of access, customer-specific costs,
third party maintenance and depreciation and amortization recorded to
cost of sales.
Web site: http://www.globalcrossing.com
Global Crossing
Press, Becky Yeamans, +1-973-937-0155, PR@globalcrossing.com, or Analysts-Investors, Suzanne Lipton, +1-800-836-0342, glbc@globalcrossing.com, or Gino Mathew, Europe, +1-973-937-0133, gino.mathew@globalcrossing.com, all of Global Crossing
Micrel Enables World's Smallest Load Switch With Highest Current for Maximum Mobile Features
SAN JOSE, California, June 16 /PRNewswire/ --
- The MIC94040/1/2/3 Series Targets High-End, Compact Portable Devices
Requiring High Current
Micrel Inc., (Nasdaq: MCRL), an industry leader in analog, high bandwidth
communications and Ethernet IC solutions, today launched the MIC94040/1/2/3,
a new family of high side load switches featuring breakthrough packaging
technology. The chips are aimed at a wide variety of high-end portable,
battery powered consumer devices, including smart/feature phones, personal
multimedia and navigation, and Ultra Mobile PCs (UMPCs). The MIC94040/1/2/3
are currently available in volume quantities with pricing starting at
US$0.34 for 10K quantities. Samples can now be ordered on line on Micrel's
web site at: http://www.micrel.com/ProductList.do.
"Advanced feature convergence in today's small handheld battery powered
devices requires the power system to control many higher current supply rails
and at the same time, provide the smallest possible solution," said Andy
Khayat, director of Micrel's portable product group. "Micrel's unique
packaging technology employed by the MIC94040/1/2/3 family gives portable
device designers the best solution for high current, space-constrained
applications."
Micrel's innovative version of MLF(R) package technology extends battery
life by greatly reducing the on-resistance (RDSON) of the MIC94040/1/2/3
devices down to 28mohm. Also, superior thermal performance of the new package
technology allows more than 3A continuous current from a tiny 1.2mm x 1.2mm
package, enabling applications such as UMPCs to use the MIC94040/1/2/3 for
high current circuits. Each device operates from 1.7V to 5.5V input and can
be controlled with very low 1.5V logic due to a novel level shift circuitry
that allows it to control higher voltage supplies. The MIC94040 and MIC94041
feature rapid turn on, while the MIC94042 and MIC94043 provide a slew rate
controlled Soft-Start turn-on of 116microns (typical) to prevent in-rush
current. In addition, the MIC94041 and MIC94043 feature an active load
discharge circuit that ensures capacitive loads are automatically discharged
whenever the main switch is in an OFF state.
"The MIC94040/1/2/3 family continues Micrel's dominant lead in portable
load switches by complementing the MIC9406x and MIC9407x product families,"
noted Andy Cowell, vice president of marketing for Micrel's analog product
division. "The MIC9404x, the world's smallest load switch family, enables the
designer to select the lowest cost, smallest footprint solution, allowing for
more compact and effective mobile designs."
About Micrel, Inc.
Micrel Inc., is a leading global manufacturer of IC solutions for the
worldwide analog, Ethernet and high bandwidth markets. The Company's products
include advanced mixed-signal, analog and power semiconductors; high
performance communication, clock management, Ethernet switch and physical
layer transceiver ICs. Company customers include leading manufacturers of
enterprise, consumer, industrial, mobile, telecommunications, automotive, and
computer products. Corporation headquarters and state-of-the-art wafer
fabrication facilities are located in San Jose, CA with regional sales and
support offices and advanced technology design centers situated throughout
the Americas, Europe and Asia. In addition, the Company maintains an
extensive network of distributors and reps worldwide. Web:
http://www.micrel.com.
Note: MLF is a registered trademark of Amkor Technology.
Web site: http://www.micrel.com
Micrel Inc.
Julieanne DiBene, Marketing Communications of Micrel Inc., +1-408-474-1276, Julie.DiBene@Micrel.com
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