Companies news of 2008-06-18 (page 1)
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Logility Reports Preliminary Fourth Quarter and Fiscal Year 2008 ResultsCompany Reports 12th Consecutive Quarter of Profitability and Record Revenues for the Fiscal Year
ATLANTA, June 18 /PRNewswire-FirstCall/ -- Logility, Inc. , a leading supplier of collaborative solutions to optimize the supply chain, today announced financial results for the fourth quarter and fiscal year 2008, achieving 12 consecutive quarters of profitability and record revenues for the fiscal year.
Key fourth quarter financial highlights include:
-- Total revenues for the quarter ended April 30, 2008 were $11.9 million, a decrease of 8% over the fourth quarter of fiscal 2007;
-- Software license fees for the quarter ended April 30, 2008 were $4.1 million, a decrease of 27% over the fourth quarter of fiscal 2007;
-- Services and other revenues for the quarter ended April 30, 2008 were $1.8 million, a decrease of 11% over the fourth quarter of fiscal 2007;
-- Maintenance revenues for the quarter ended April 30, 2008 were $5.9 million, an increase of 16% over the fourth quarter of fiscal 2007; and
-- Operating earnings for the quarter ended April 30, 2008 were approximately $2.4 million, a decrease of 23% compared to operating earnings for the fourth quarter of fiscal 2007.
GAAP net earnings were $1.7 million or $0.13 earnings per fully diluted share for the fourth quarter of fiscal 2008 compared to net earnings of $2.0 million or $0.15 earnings per fully diluted share for the fourth quarter of fiscal 2007. Adjusted net earnings, which exclude stock option compensation expense and acquisition-related amortization of intangibles expense, for the quarter ended April 30, 2008 were $1.8 million or $0.14 earnings per fully diluted share compared to adjusted net earnings of $2.1 million or $0.16 earnings per fully diluted share for the same period last year.
Key fiscal year 2008 financial highlights include:
-- Total revenues for the twelve months ended April 30, 2008 were a record $44.9 million, a 3% increase compared to the prior fiscal year;
-- Software license fees for the year ended April 30, 2008 were $14.6 million, a 10% decrease compared to the prior fiscal year;
-- Services and other revenues for the year ended April 30, 2008 were $7.8 million, a 14% increase compared to the prior fiscal year;
-- Maintenance revenues were a record $22.5 million for the year ended April 30, 2008, a 9% increase compared to the prior fiscal year; and
-- For the year ended April 30, 2008, the Company reported operating earnings of approximately $8.3 million, a 3% decrease compared to operating earnings of $8.5 million for the same period last year; operating earnings for the twelve months ended April 30, 2008 included a non-cash write-down of capitalized software development costs of $1.2 million.
GAAP net earnings were approximately $6.0 million or $0.45 per fully diluted share for both the twelve months ended April 30, 2008 and April 30, 2007 period. Adjusted net earnings, which for the current period exclude stock option compensation expense, acquisition-related amortization of intangibles expense, a non-cash tax valuation adjustment, and write-down of capitalized software costs, for the twelve months ended April 30, 2008 were $7.5 million or $0.56 earnings per fully diluted share compared to net earnings of $6.4 million or $0.49 earnings per fully diluted share the same period last year.
The Company is including adjusted net earnings and adjusted net earnings per share in the summary financial information provided with this press release as supplemental information relating to its operating results. This financial information is not in accordance with, or an alternative for, GAAP and may be different from non-GAAP net earnings and non-GAAP per share measures used by other companies. The Company believes that this presentation of adjusted net earnings and adjusted net earnings per share provides useful information to investors regarding certain additional financial and business trends relating to its financial condition and results of operations.
The overall financial condition of the Company remains strong, with cash and investments of approximately $42.7 million as of April 30, 2008. This is approximately a $1.4 million sequential increase in cash and investments compared to January 31, 2008 and approximately a $10.4 million increase compared to April 30, 2007. During the quarter, the Company repurchased 114,421 of its common shares for approximately $787,000 under its authorized stock repurchase program. For fiscal year 2008, the Company purchased a total of 144,421 of its common shares for approximately $1.1 million under its authorized stock repurchase program.
"During fiscal year 2008, Logility delivered record revenues, increased adjusted net income and welcomed 101 new customers," noted Mike Edenfield, Logility president and CEO. "I remain confident in our solutions, people, business strategy and ability to compete and win."
"In a slow economy, businesses try to identify ways to increase asset productivity, lower operating costs and spur sales. For manufacturing- and distribution-intensive companies in retail, consumer goods, wholesale and industrial sectors, supply chain optimization is a key way to lower costs. Hard economic times reward lean supply chains that can react rapidly to changing customer demand. This is where Demand Solutions(R) and Logility Voyager Solutions(TM) excel by providing greater visibility, driving rapid benefits and accelerating business velocity."
Highlights for the fourth quarter of fiscal 2008 include:
Customers & Channels:
-- Notable new and existing customers placing orders with Logility in the fourth quarter include: Barry Controls, Berry Plastics Corporation, C&C Group, Electrolux Home Products, FEDCO, Fastenal Company, Master Pet, PPG Industries Europe, RC Willey Furniture, Reliable Automatic Sprinkler, and Rexnord LLC.
-- During the quarter, software license agreements were signed with customers located in 12 countries including: Australia, Canada, Columbia, France, Ireland, The Netherlands, New Zealand, Russia, Sweden, Switzerland, the United Kingdom, and the United States.
-- Logility announced that C&C Group, a leading manufacturer, marketer and distributor of branded alcoholic beverages, selected Logility Voyager Solutions to support its continued growth, help predict demand more accurately and build a more formalized and collaborative forecasting process.
-- Logility announced supply chain executives from its customers Clement Pappas and Intertape Polymer Group, were honored as Supply & Demand Chain Executive magazine's "Practitioner Pros to Know." The 2008 "Practitioner Pros to Know" recognizes supply chain executives who are helping build 21st century supply chains for their companies and are visionaries who have excelled at using and implementing new supply chain technologies to ensure that their company's supply chain continues to meet the evolving requirements and challenges of our dynamic global economy.
-- Logility announced a partnership with Npo Business Solutions S.p.A., a provider of consulting services and solutions for logistics, demand and supply chain management in Italy and Switzerland. The partnership will help expand the presence of Logility Voyager Solutions in the Italian marketplace.
-- Demand Management Inc., a wholly-owned subsidiary of Logility, announced expansion of its international distributor network in China, Mexico and Russia. With five new offices in Mexico City, Moscow, Shanghai, Guangzhou and Hong Kong, Demand Management now has 31 offices globally serving customers in 72 countries.
Logility Products and Technology:
-- Logility participated in an APICS vendor webcast "Are You Thinking About a Green Supply Chain". During the webcast, representatives from Logility and AMR Research discussed why "thinking green" is more than just a trend in today's dynamic marketplace and gave insight on how companies can incorporate green initiatives into their supply chain processes.
-- Logility was selected for the "START-IT 125" which names the most influential technology providers in manufacturing. It is the third consecutive year that Logility was included in the prestigious list which is selected by editors and the editorial advisory board. Logility was selected for inclusion because of its long history as a solutions provider helping manufacturers build successful supply chains.
-- Logility announced that Logility Voyager Solutions further green supply chain initiatives by enabling companies to reduce energy consumption, lower carbon emissions, and reduce excess inventories to minimize the overall impact on the environment. By optimizing global supply chain management, Logility Voyager Solutions support sustainability efforts in a number of ways including: improving forecasting for new product introductions that are focused on environmentally friendly products; planning the roll-out of enhanced packaging that minimizes waste and includes recycled materials; reducing inventories by quickly sensing changes in consumer demand and synchronizing market demand with production goals; increasing manufacturing efficiency by optimizing changeovers and tracking specific green Key Performance Indicators (KPIs) featured within Logility Voyager Solutions; and modeling complex supply chain networks to better plan production and distribution.
-- Logility was recognized as a "Top Logistics IT Provider for 2008" by Inbound Logistics magazine. It is the eleventh consecutive year that Logility has received this prestigious recognition. Logility was recognized by the editors of Inbound Logistics for having the ability to continue to be flexible and responsive, anticipating customers' evolving needs and delivering innovative and practical solutions that meet the diverse needs of the growing shipper community.
-- Logility announced that Logility Voyager Solutions help companies increase forecast accuracy and manage the product lifecycle more effectively through an Attribute-based forecasting model. Logility's Attribute-based modeling provides significant improvements in the forecast accuracy of New Product Introductions (NPIs), short lifecycle products and the phase-out of existing products-product lifecycles that are more difficult to forecast with traditional time-series approaches.
About Logility
With more than 1,250 customers worldwide, Logility is a leading provider of collaborative supply chain planning solutions that help small, medium, large and Fortune 1000 companies realize substantial bottom-line results in record time. Logility Voyager Solutions feature performance monitoring capabilities in a single Internet-based framework and provide supply chain visibility; demand, inventory and replenishment planning; sales and operations planning; supply and global sourcing optimization; transportation planning and execution; and warehouse management. Demand Solutions provide forecasting, demand planning and point-of-sale analysis for maximizing profits in manufacturing, distribution and retail operations. Logility customers include Avery Dennison Corporation, BP (British Petroleum), Hyundai Motor America, Leviton Manufacturing Company, McCain Foods, Pernod Ricard, Remington Products Company, Sigma Aldrich, Under Armour Performance Apparel and VF Corporation. Logility is a majority-owned subsidiary of American Software . For more information about Logility, call 1-800-762-5207 or visit http://www.logility.com/ .
Forward-Looking Statements
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results to differ materially from those anticipated by statements made herein. These factors include, but are not limited to, changes in general economic conditions, technology and the market for the Company's products and services including economic conditions within the e-commerce markets; the timely availability and market acceptance of these products and services; the challenges and risks associated with integration of acquired product lines and companies; the effect of competitive products and pricing; the uncertainty of the viability and effectiveness of strategic alliances; and the irregular pattern of the Company's revenues. For further information about risks the Company could experience as well as other information, please refer to the Company's Form 10-K for the year ended April 30, 2007 and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information, contact Vincent C. Klinges, Chief Financial Officer, Logility, Inc., 470 East Paces Ferry Rd., Atlanta, GA 30305, (404) 261-9777. FAX: (404) 264-5206; INTERNET: http://www.logility.com/ or E-mail: askLogility@logility.com.
Logility is a registered trademark and Logility Voyager Solutions is a trademark of Logility. Demand Solutions is a registered trademark of Demand Management, Inc., a wholly-owned subsidiary of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.
LOGILITY, INC.
Consolidated Statements of Operations Information
(In thousands, except per share data)
(Unaudited)
Fourth Quarter Ended Twelve Months Ended
April 30, April 30,
Pct Pct
2008 2007 Chg. 2008 2007 Chg.
Revenues:
License $4,145 $5,698 (27%) $14,554 $16,242 (10%)
Services & other 1,822 2,053 (11%) 7,807 6,828 14%
Maintenance 5,911 5,102 16% 22,547 20,691 9%
Total Revenues 11,878 12,853 (8%) 44,908 43,761 3%
Cost of Revenues:
License 1,489 1,672 (11%) 6,007 5,864 2%
Services & other 906 1,126 (20%) 3,804 3,696 3%
Maintenance 1,334 1,183 13% 4,943 4,858 2%
Write-down of capitalized
software development
costs - - - 1,196 - nm
Total Cost of Revenues 3,729 3,981 (6%) 15,950 14,418 11%
Gross Margin 8,149 8,872 (8%) 28,958 29,343 (1%)
Operating expenses:
Research and development 1,952 2,251 (13%) 7,496 7,642 (2%)
Less: capitalized
development (520) (586) (11%) (2,155) (2,264) (5%)
Sales and marketing 3,057 2,468 24% 10,336 9,778 6%
General and administrative 1,141 1,496 (24%) 4,625 5,317 (13%)
Acquisition related
amortization of
intangibles 88 87 1% 351 350 0%
Total Operating Expenses 5,718 5,716 0% 20,653 20,823 (1%)
Operating Earnings 2,431 3,156 (23%) 8,305 8,520 (3%)
Interest Income & Other,
Net 199 377 (47%) 1,650 1,603 3%
Earnings Before Income
Taxes 2,630 3,533 (26%) 9,955 10,123 (2%)
Income Tax Expense 953 1,571 (39%) 3,924 4,130 (5%)
Net Earnings $1,677 $1,962 (15%) $6,031 $5,993 1%
Earnings per common share:
Basic $0.13 $0.15 (13%) $0.47 $0.46 2%
Diluted $0.13 $0.15 (13%) $0.45 $0.45 0%
Weighted Average Number of
Common Shares:
Basic 12,916 12,906 12,942 12,899
Diluted 13,272 13,225 13,331 13,245
Reconciliation of Adjusted
Net Earnings:
Net Earnings $1,677 $1,962 $6,031 $5,993
Acquisition related
amortization of
intangibles(1) 56 48 213 207
Stock-based compensation (1) 64 49 229 224
Write-down of capitalized
software development costs(1) - - 725 -
Tax valuation adjustment
(non-cash) - - 283 -
Adjusted net earnings $1,797 $2,059 (13%) $7,481 $6,424 16%
Adjusted Net Earnings per
Share - Diluted $0.14 $0.16 (13%) $0.56 $0.49 14%
(1) - Tax affected
LOGILITY, INC.
Consolidated Balance Sheet Information
(in thousands)
(Unaudited)
April 30, April 30,
2008 2007
Cash and Short-term investments $42,732 $32,316
Accounts Receivable:
Billed 6,897 7,764
Unbilled 1,424 1,412
Total Accounts Receivable, net 8,321 9,176
Deferred Tax Assets 74 1,361
Due from ASI - 1,167
Prepaids & Other Current Assets 2,256 1,995
Current Assets 53,383 46,015
PP&E, net 401 436
Capitalized Software, net 4,560 6,042
Goodwill 5,809 5,809
Other Intangibles, net 871 1,288
Non-current Assets 48 67
Total Assets $65,072 $59,657
Accounts Payable $543 $275
Other Current Liabilities 3,260 5,680
Due to ASI 639 -
Deferred Revenues 12,622 11,350
Current Liabilities 17,064 17,305
Deferred Tax Liability 1,620 1,940
Shareholders' Equity 46,388 40,412
Total Liabilities & Shareholders'
Equity $65,072 $59,657
Logility, Inc.
CONTACT: Financial Information, Vincent C. Klinges, Chief Financial Officer of Logility, Inc., +1-404-264-5477
Web site: http://www.logility.com/
Company News On-Call: http://www.prnewswire.com/comp/120967.html
American Software Reports Preliminary Fourth Quarter and Fiscal Year 2008 ResultsCompany Reports 29th Consecutive Quarter of Profitability and Positive Operating Cash Flow
ATLANTA, June 18 /PRNewswire-FirstCall/ -- American Software, Inc. today reported financial results for the fourth quarter of fiscal year 2008, achieving 29 consecutive quarters of profitability.
Key fourth quarter financial highlights include:
-- Total revenues for the quarter ended April 30, 2008 were $21.6 million, a decrease of 4% over the fourth quarter of fiscal 2007;
-- Software license fees for the quarter ended April 30, 2008 were $4.7 million, a decrease of 29% over the fourth quarter of fiscal 2007;
-- Services and other revenues for the fourth quarter ended April 30, 2008 were $9.6 million; an increase of 5% over the fourth quarter of fiscal 2007;
-- Maintenance revenues for the quarter ended April 30, 2008 were $7.3 million, an increase of 9% over the fourth quarter of fiscal 2007; and
-- Operating earnings for the quarter ended April 30, 2008 were approximately $1.2 million a decrease of 66% compared to operating earnings for the fourth quarter of fiscal 2007.
GAAP net earnings were approximately $900,000 or $0.03 per fully diluted share for the fourth quarter of fiscal 2008 compared to $2.9 million or $0.11 per fully diluted share for the same period last year. Adjusted net earnings, which excludes stock option compensation expense and an acquisition-related amortization of intangibles, for the quarter ended April 30, 2008 were $1.1 million or $0.04 per fully diluted share compared to $3.0 million or $0.12 per fully diluted share for the same period last year.
Key fiscal year 2008 financial highlights include:
-- Total revenues for the twelve months ended April 30, 2008 were $89.0 million, a 5% increase compared to the prior fiscal year;
-- Software license fees for the year ended April 30, 2008 were $19.0 million, a 10% decrease compared to the prior fiscal year;
-- Services and other revenues for the year ended April 30, 2008 were $41.7 million, a 15% increase compared to the prior fiscal year;
-- Maintenance revenues for the year ended April 30, 2008 were $28.4 million, a 5% increase compared to the prior fiscal year; and
-- For the year ended April 30, 2008, the Company reported operating earnings of approximately $8.1 million, a 19% decrease compared to operating earnings of $10.0 million for the same period last year; operating earnings for the twelve months ended April 30, 2008 included a non-cash write-down of capitalized software development costs of $1.2 million.
GAAP net earnings were approximately $6.5 million or $0.25 per fully diluted share for the twelve months ended April 30, 2008 compared to $8.4 million or $0.33 per fully diluted share for the same period last year. Adjusted net earnings for the year ended as of April 30, 2008, which excludes stock option compensation expense, acquisition-related amortization of intangibles, and write-down of capitalized software costs, were $8.0 million or $0.30 earnings per fully diluted share compared to $9.2 million or $0.36 earnings per fully diluted share for the prior fiscal year.
The Company is including adjusted net earnings and adjusted net earnings per share in the summary financial information provided with this press release as supplemental information relating to its operating results. This financial information is not in accordance with, or an alternative for, GAAP and may be different from non-GAAP net earnings and non-GAAP per share measures used by other companies. The Company believes that this presentation of adjusted net earnings and adjusted net earnings per share provides useful information to investors regarding certain additional financial and business trends relating to its financial condition and results of operations.
The overall financial condition of the Company remains strong, with cash and investments of approximately $76.1 million and no debt as of April 30, 2008. This is approximately a $1.2 million sequential increase in cash and investments compared to January 31, 2008 and an increase of approximately $3.4 million compared to April 30, 2007. During the quarter, the Company repurchased 173,664 of its common stock for approximately $984,000 under its authorized stock repurchase program. Also during the quarter, the Company's majority owned subsidiary, Logility, repurchased 114,421 of its own common stock for approximately $787,000 under its authorized stock repurchase program. For fiscal year 2008, Logility purchased a total of 144,421 shares for approximately $1.1 million under its authorized stock repurchase program. For fiscal year 2008, the Company paid approximately $8.6 million in dividends.
"The Company experienced continued profitability despite the uncertain economic environment. For fiscal year 2008, we served 115 new customers and increased our cash and investments after distributing record dividends, making significant stock repurchases and investing in research and development," stated James C. Edenfield, president and CEO of American Software. "With 29 consecutive quarters of profitability and positive operating cash flow combined with consistent growth in our global customer base, American Software is well positioned with a robust portfolio of innovative enterprise application solutions and deep supply chain management expertise."
Additional highlights for the fourth quarter of fiscal year 2008 include:
Customers and Channels:
-- Notable new and existing customers placing orders with the Company in the fourth quarter include: Barry Controls, Berry Plastics Corporation, C&C Group, Electrolux Home Products, FEDCO, Fastenal Company, GKN Aerospace, Master Pet, PPG Industries Europe, RC Willey Furniture, Reliable Automatic Sprinkler, Rexnord LLC, Sewon S.A., TapOut, Time Customer Service, Triboro Quilt Manufacturing Corp., and Volvo.
-- During the quarter, software license agreements were signed with customers located in 13 countries including: Australia, Canada, Columbia, France, Guatemala, Ireland, The Netherlands, New Zealand, Russia, Sweden, Switzerland, the United Kingdom, and the United States.
-- American Software USA announced that GKN Aerospace Transparency Systems licensed its web-based Requisition Tracking and e-Catalog systems to enable material selection, requisition, tracking and approval over the Internet/Extranet.
-- Logility announced that C&C Group, a leading manufacturer, marketer and distributor of branded alcoholic beverages, selected Logility Voyager Solutions to support its continued growth, help predict demand more accurately and build a more formalized and collaborative forecasting process.
-- Logility announced supply chain executives from its customers Clement Pappas and Intertape Polymer Group were honored as Supply & Demand Chain Executive magazine's "Practitioner Pros to Know." The 2008 "Practitioner Pros to Know" recognizes supply chain executives who are helping build 21st century supply chains for their companies and are visionaries who have excelled at using and implementing new supply chain technologies to ensure that their company's supply chain continues to meet the evolving requirements and challenges of our dynamic global economy.
-- Logility announced a partnership with Npo Business Solutions S.p.A., a provider of consulting services and solutions for logistics, demand and supply chain management in Italy and Switzerland. The partnership will help expand the presence of Logility Voyager Solutions in the Italian marketplace.
-- Demand Management Inc., a wholly-owned subsidiary of Logility, announced expansion of its international distributor network in China, Mexico and Russia. With five new offices in Mexico City, Moscow, Shanghai, Guangzhou and Hong Kong, Demand Management now has 31 offices globally serving customers in 72 countries.
-- New Generation Computing (NGC(R)), a wholly-owned subsidiary of the Company, announced that BioWorld Merchandising, a manufacturer of licensed and private-label headwear and accessories, has selected NGC's e-PLM and e-SPS(TM) software for Product Lifecycle Management and Global Sourcing to help reduce product development lifecycles and streamline communications
-- NGC announced that Hart Schaffner & Marx, a subsidiary of Hartmarx Corporation, a provider of upscale business, casual and golf apparel, is implementing NGC's e-PLM for Product Lifecycle Management and TPM (The Production Manager) for shop floor control. The selection of NGC software is a key part of Hartmarx's strategy to become a more agile, nimble organization and an even stronger partner with its retail customers.
-- NGC announced that OOBE, an apparel brand specializing in corporate apparel and uniform programs, has selected NGC's e-PLM to manage product design and development for its Design/Build and corporate apparel businesses.
Products and Technology:
-- New Generation Computing (NGC), the Company's wholly-owned subsidiary, received the highest possible rating of "Strong Positive" in Gartner's "Marketscope for PLM in Apparel, Footwear and Accessories, 2008." Gartner, a leading analyst firm, evaluated NGC as one of 15 global PLM (Product Lifecycle Management) vendors to develop the report.
-- American Software USA announced a relationship with Optimus Solutions to develop an interactive dashboard for use within its ERP systems utilizing the IBM Active Insight Dashboard.
-- Logility participated in an APICS vendor webcast "Are You Thinking About a Green Supply Chain". During the webcast, representatives from Logility and AMR Research discussed why "thinking green" is more than just a trend in today's dynamic marketplace and gave insight on how companies can incorporate green initiatives into their supply chain processes.
-- Logility was selected for the "START-IT 125" which names the most influential technology providers in manufacturing. It is the third consecutive year that Logility was included in the prestigious list which is selected by editors and the editorial advisory board. Logility was selected for inclusion because of its long history as a solutions provider helping manufacturers build successful supply chains.
-- Logility announced that Logility Voyager Solutions further green supply chain initiatives by enabling companies to reduce energy consumption, lower carbon emissions, and reduce excess inventories to minimize the overall impact on the environment. By optimizing global supply chain management, Logility Voyager Solutions support sustainability efforts in a number of ways including: improving forecasting for new product introductions that are focused on environmentally friendly products; planning the roll-out of enhanced packaging that minimizes waste and includes recycled materials; reducing inventories by quickly sensing changes in consumer demand and synchronizing market demand with production goals; increasing manufacturing efficiency by optimizing changeovers and tracking specific green Key Performance Indicators (KPIs) featured within Logility Voyager Solutions; and modeling complex supply chain networks to better plan production and distribution.
-- Logility was recognized as a "Top Logistics IT Provider for 2008" by Inbound Logistics magazine. It is the eleventh consecutive year that Logility has received this prestigious recognition. Logility was recognized by the editors of Inbound Logistics for having the ability to continue to be flexible and responsive, anticipating customers' evolving needs and delivering innovative and practical solutions that meet the diverse needs of the growing shipper community.
-- Logility announced that Logility Voyager Solutions help companies increase forecast accuracy and manage the product lifecycle more effectively through an Attribute-based forecasting model. Logility's Attribute-based modeling provides significant improvements in the forecast accuracy of New Product Introductions (NPIs), short lifecycle products and the phase-out of existing products -- product lifecycles that are more difficult to forecast with traditional time-series approaches.
About American Software, Inc.
Headquartered in Atlanta, American Software develops, markets and supports one of the industry's most comprehensive offerings of integrated business applications, including supply chain management, Internet commerce, financial, warehouse management and manufacturing packages. e-Intelliprise(TM) is an ERP/supply chain management suite, which leverages Internet connectivity and includes multiple manufacturing methodologies. American Software owns 88% of Logility, Inc. , a leading provider of collaborative supply chain solutions that help small, medium, large and Fortune 1000 companies realize substantial bottom-line results in record time. Logility is proud to serve such customers as Avery Dennison Corporation, BP (British Petroleum), Hyundai Motor America, Leviton Manufacturing Company, McCain Foods, Pernod-Ricard, Sigma Aldrich and Under Armour Performance Apparel. New Generation Computing Inc. (NGC), a wholly-owned subsidiary of American Software, is a global software company that has 25 years of experience developing and marketing business applications for apparel manufacturers, brand managers, retailers and importers. Headquartered in Miami, NGC's worldwide customers include Dick's Sporting Goods, Wilsons Leather, Kellwood, Hugo Boss, Russell Corp., Ralph Lauren Childrenswear, Haggar Clothing Company, Maidenform, William Carter and VF Corporation. For more information on the Company, contact: American Software, 470 East Paces Ferry Rd., Atlanta, GA 30305; (800) 726-2946 or (404) 261-4381. FAX: (404) 264-5206. INTERNET: http://www.amsoftware.com/ or e-mail: ask@amsoftware.com.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results to differ materially from those anticipated by statements made herein. These factors include, but are not limited to, changes in general economic conditions, technology and the market for the Company's products and services, including economic conditions within the e-commerce markets; the timely availability and market acceptance of these products and services; the Company's ability to satisfy in a timely manner all SEC required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; the challenges and risks associated with integration of acquired product lines and companies; the effect of competitive products and pricing; the uncertainty of the viability and effectiveness of strategic alliances; and the irregular pattern of the Company's revenues. For further information about risks the Company could experience as well as other information, please refer to the Company's Form 10-K for the year ended April 30, 2007 and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information, contact: Vincent C. Klinges, Chief Financial Officer, American Software, Inc., (404) 264-5477 or fax: (404) 237-8868.
e-Intelliprise is a trademark of American Software, Logility is a registered trademark and Logility Voyager Solutions is a trademark of Logility, Demand Solutions is a registered trademark of Demand Management, and NGC is a registered trademark and REDHORSE is a trademark of New Generation Computing. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.
AMERICAN SOFTWARE, INC.
Consolidated Statements of Operations Information
(In thousands, except per share data)
(Unaudited)
Fourth Quarter Ended Twelve Months Ended
April 30, April 30,
Pct Pct
2008 2007 Chg. 2008 2007 Chg.
Revenues:
License $4,696 $6,648 (29%) $18,957 $21,080 (10%)
Services & other 9,624 9,138 5% 41,656 36,258 15%
Maintenance 7,267 6,697 9% 28,388 27,029 5%
Total Revenues 21,587 22,483 (4%) 89,001 84,367 5%
Cost of Revenues:
License 1,529 1,695 (10%) 6,149 6,169 0%
Services & other 6,761 6,140 10% 29,281 25,105 17%
Maintenance 2,020 1,933 5% 7,602 7,324 4%
Write-down of
capitalized software
development costs - - nm 1,196 - nm
Total Cost of
Revenues 10,310 9,768 6% 44,228 38,598 15%
Gross Margin 11,277 12,715 (11%) 44,773 45,769 (2%)
Operating expenses:
Research and
development 2,499 2,783 (10%) 9,630 9,819 (2%)
Less: capitalized
development (520) (586) (11%) (2,155) (2,264) (5%)
Sales and marketing 4,506 3,479 30% 15,804 14,079 12%
General and
administrative 3,474 3,326 4% 13,048 13,756 (5%)
Acquisition related
amortization of
intangibles 88 87 1% 351 350 0%
Total Operating
Expenses 10,047 9,089 11% 36,678 35,740 3%
Operating Earnings 1,230 3,626 (66%) 8,095 10,029 (19%)
Interest Income &
Other, Net 476 1,182 (60%) 3,198 4,676 (32%)
Earnings Before Income
Taxes and Minority
Interest 1,706 4,808 (65%) 11,293 14,705 (23%)
Income Tax Expense 607 1,683 (64%) 4,004 5,496 (27%)
Minority Interest
Expense 199 263 (24%) 756 776 (3%)
Net Earnings $900 $2,862 (69%) $6,533 $8,433 (23%)
Earnings per common
share: (1)
Basic $0.04 $0.12 (67%) $0.26 $0.34 (24%)
Diluted $0.03 $0.11 (73%) $0.25 $0.33 (24%)
Weighted average number
of common shares
outstanding:
Basic 25,474 24,750 25,423 24,616
Diluted 26,484 26,022 26,547 25,761
Reconciliation of
Adjusted Net Earnings:
Net Earnings $900 $2,862 $6,533 $8,433
Acquisition related
amortization of
intangibles (2) 57 57 226 219
Stock-based compensation (2) 143 123 515 516
Write-down of
capitalized software
development costs (2) - - 771 -
Adjusted Net Earnings $1,100 $3,042 (64%) $8,045 $9,168 (12%)
Adjusted Net Earnings
per Diluted Share $0.04 $0.12 (67%) $0.30 $0.36 (17%)
(1) - Basic per share amounts are the same for Class A and Class B shares.
Diluted per share amounts for Class A shares are shown above.
Diluted per share for Class B shares under the two-class method are
$0.04 and $0.12 for the three months ended April 30, 2008 and 2007
and $0.26 and $0.34 for the twelve months ended April 30, 2008 and
2007.
(2) - Tax affected
nm- not meaningful
AMERICAN SOFTWARE, INC.
Consolidated Balance Sheet Information
(In thousands)
(Unaudited)
April 30, April 30,
2008 2007
Cash and Short-term
investments $76,141 $72,769
Accounts Receivable:
Billed 12,563 12,489
Unbilled 3,311 3,860
Total Accounts
Receivable, net 15,874 16,349
Prepaids & Other 2,946 2,560
Current Assets 94,961 91,678
PP&E, net 6,903 7,080
Capitalized Software,
net 4,657 6,137
Goodwill 11,912 11,210
Other Intangibles, net 1,586 1,472
Non-current Assets 198 239
Total Assets $120,217 $117,816
Accounts Payable $1,578 $1,138
Other Current
Liabilities 5,954 8,853
Dividend Payable 2,286 1,984
Deferred Tax Liability 640 911
Deferred Revenues 16,441 15,441
Current Liabilities 26,899 28,327
Deferred Tax Liability 1,202 1,697
Minority Interest 5,621 5,061
Shareholders' Equity 86,495 82,731
Total Liabilities &
Shareholders'
Equity $120,217 $117,816
American Software, Inc.
CONTACT: Vincent C. Klinges, Chief Financial Officer, American Software, Inc., +1-404-264-5477
Web site: http://www.amsoftware.com/
Company News On-Call: http://www.prnewswire.com/comp/048263.html
Hologic to Present at the Jefferies 2nd Annual Healthcare Conference
BEDFORD, Mass., June 18 /PRNewswire-FirstCall/ -- Hologic, Inc. today announced that Glenn Muir, Chief Financial Officer, will be presenting at the Jefferies 2nd Annual Healthcare Conference being held June 24 - 26, 2008, at the Mandarin Oriental Hotel in New York, NY.
Interested parties are invited to listen to a live audio webcast of Hologic's investor presentation on Wednesday, June 25, 2008, at 12:30 PM., Eastern Time on the investor section of the Company's website at http://www.hologic.com/investor . An archive of the presentation will be available for replay following the conference.
About Hologic, Inc.
Hologic, Inc. is a leading developer, manufacturer and supplier of premium diagnostics, medical imaging systems and surgical products dedicated to serving the healthcare needs of women. Hologic leads the industry in digital mammography systems and offers the most advanced technology for breast imaging and breast biopsy. Hologic's core business units are focused on breast health, diagnostics, GYN surgical, and skeletal health. Hologic provides a comprehensive suite of technologies with products for mammography and breast biopsy, radiation treatment for early-stage breast cancer, cervical cancer screening, treatment for menorrhagia, osteoporosis assessment, preterm birth risk assessment, and mini C-arm for extremity imaging. For more information visit http://www.hologic.com/ .
Contact: Glenn P. Muir Frances Doria
Executive Vice President & CFO Director, Investor Relations
Hologic, Inc. Hologic, Inc.
(781) 999-7300 (781) 999-7377
Hologic, Inc.
CONTACT: Glenn P. Muir, Executive Vice President & CFO, +1-781-999-7300, or Frances Doria, Director, Investor Relations, +1-781-999-7377, both of Hologic, Inc.
Web site: http://www.hologic.com/ http://www.hologic.com/investor
No Omnicom Convertible Notes Due 2033 or Convertible Notes Due 2038 Put For Repurchase
NEW YORK, June 18 /PRNewswire-FirstCall/ -- Omnicom Group Inc. announced today that none of its Zero Coupon Zero Yield Convertible Notes due 2033 or Zero Coupon Zero Yield Convertible Notes due 2038 had been put to Omnicom for repurchase.
Omnicom Group Inc. (http://www.omnicomgroup.com/). Omnicom is a leading global marketing and corporate communications company. Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries.
Omnicom Group Inc.
CONTACT: Randall Weisenburger, +1-212-415-3393
Web site: http://www.omnicomgroup.com/
Lowell, Massachusetts Residents to Benefit from Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Voice, Multimedia and Internet Access
LOWELL, Mass., June 18 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local residents in Middlesex County, Verizon Wireless has activated a new cell site. The new site increases wireless voice and data coverage and capacity along Route 3a, I-495, and Lawrence Street in southern Lowell, Massachusetts, as well as the surrounding area.
Verizon Wireless has invested more than $45 billion since it was formed to increase the coverage and capacity of its national network and to add new services like BroadbandAccess and V CAST. Regionally the company has invested nearly $2.2 billion into its New England network, including over $292 million in 2007 alone. As a result of these investments, every Verizon Wireless cell site in New England offers wireless broadband connectivity.
BroadbandAccess offers computer users the nation's most reliable high-speed wireless mobile broadband network, operating at average upload speeds between 500 and 800 kbps, and download speeds between 600 kbps and 1.4 mbps over Verizon Wireless' BroadbandAccess with EV-DO Revision A network. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones.
Strong demand for Verizon Wireless services continued during the first quarter of 2008 as the company added 1.5 million net new customers and, for the fourteenth consecutive quarter, reported the lowest customer turnover (highest customer loyalty) rate in the wireless industry.
The company's 'nation's most reliable wireless network' reputation is based on network studies performed by real-life test men and test women throughout the country who inspired the "can you hear me now" national advertising campaign. Nationally, these test men and women drive nearly 100 specially equipped vehicles almost 1,000,000 miles annually on Interstate, U.S. and state highways as well as major roads and surface streets in high-population areas, based upon U.S. Census counts, to confirm that voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/ . To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Michael Murphy of Verizon Wireless, +1-781-932-1213, Michael.murphy@verizonwireless.com; or Anne Elise O'Connor of Thomson Communications, +1-617-548-2765, Aeoc@thomsoncommunications.com, for Verizon Wireless
Web site: http://www.verizonwireless.com/ http://www.verizonwireless.com/multimedia
Ground-Breaking Projects Emerging From SAP Co-Innovation Lab Address Today's Pressing Business ChallengesProjects Include Enterprise Collaboration, SOA Management, Disaster Recovery for SAP Environments, Real-Time Reporting and Business Performance Improvement
PALO ALTO, Calif., June 18 /PRNewswire-FirstCall/ -- SAP AG today announced multiple ground-breaking projects coming out of the SAP Co-Innovation Lab, located at the SAP campus in Palo Alto, California. Among the projects that are being created and developed in the lab are a private online collaboration workspace, support for enterprise service-oriented architecture (SOA) management, a disaster recovery solution, a real-time reporting solution for manufacturers, and solutions that help companies improve business performance. Established in June 2007 with support from founding sponsors HP, Intel Corporation, NetApp and Cisco, the SAP Co-Innovation Lab is a hands-on working environment for SAP, its customers and partners to build and execute joint projects, enabling them to co-innovate new business applications and technology solutions to address specific customer needs.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)
SAP Fosters Co-Innovation Through Private Enterprise Collaboration
Today's social collaboration tools provide readily available and easily accessible platforms for shared communications, but do not provide the governance and layered access required for business communications. In an effort to address this need, one of the leading projects developed in the SAP Co-Innovation Lab is the collaboration workspace from SAP. The workspace provides Web 2.0 infrastructure -- such as blogs, wikis and online forums -- with built-in governance for all companies to participate and collaborate in real time within a secure business network community. The collaboration workspace from SAP provides customers, system integrators, technology partners and independent software partners within the SAP ecosystem a secure online environment to collaborate and foster virtual interaction, while protecting intellectual property assets and tightly managing access levels and authorized information sharing.
The collaboration workspace is enabling 13 different programs at SAP to be more effective and efficient, bringing together more than 3,700 expert users from more than 275 companies, participating in more than 200 unique workspaces. Users include partners and customers participating in SAP's communities of innovation, including the Enterprise Services Community, the Business Process Expert community and the SAP Co-Innovation Lab itself.
"The collaboration workspace from SAP is a powerful, new tool -- and has brought an important additional dimension to Procter & Gamble's engagement in SAP's ecosystem," said Dietmar Giljohann, initiative manager, Order Acquisition, Procter & Gamble. "We're happy to see SAP's leadership around projects like this in the SAP Co-Innovation Lab, producing tangible results that benefit the whole ecosystem."
SAP Ecosystem Tackles Opportunities in Enterprise SOA Management
Enterprise service-oriented architecture provides opportunities for customers to better align IT and business to achieve higher levels of business agility. SAP customers benefit from the visibility and control they achieve by managing the runtime aspects of their composite SOA applications. With an effective management infrastructure, these customers can enforce policies, manage service-level agreements and secure loosely coupled systems that span departments and extend to partners. Members of the SAP Co-Innovation Lab are working together to optimize these SOA runtime management capabilities for SAP enterprise services. To achieve this goal, customers and partners are working with SAP to define key real-world scenarios that are tested and evaluated in the lab. The results will enable the publishing of best practices for customers and partners around SOA-based policy management and enforcement, including in high-volume scenarios. Among the first technology firms supporting SOA management projects in the lab are AmberPoint and Sonoa Systems, both backed by SAP Ventures, and SOA Software.
"The SAP ecosystem, and the SAP Co-Innovation Lab in particular, have been a great asset as we shape our SOA adoption strategy," said Barney Sene, CTO, Ingram Micro. "Since SAP works directly with other companies whose products we've invested in, like SOA Software, we can get clearer, more aligned direction from both parties on topics like SOA management and operational governance. We also have access to implementation insights that have been thought through for the long haul in the SAP Co-Innovation Lab."
SAP Teams With VMware and NetApp to Simplify Disaster Recovery
Since SAP solutions are considered mission-critical to the daily operation of many businesses, these companies are constantly on the lookout for disaster recovery plans to ensure that their SAP solutions are back online quickly and reliably in the event of a system failure. However, many companies find that the formalized disaster recovery plans available today are expensive, time-intensive and difficult to implement. With a goal of addressing this business need, SAP teamed with VMware and NetApp in the SAP Co-Innovation Lab to work together on an automated and cost-effective disaster recovery offering for SAP implementations.
The goal of this project was to help companies lower the cost of maintaining a disaster recovery program, and to simplify the disaster recovery process and increase its reliability. Using VMware Site Recovery Manager and NetApp storage solutions, this project explored solutions for simplifying the previously complex disaster recovery steps by providing automated disaster recovery testing procedures and offering the option of automated daily disaster recovery tests. The results demonstrated the ability to improve recovery time from days to hours or minutes, and improve recovery point objectives from 24 hours to one hour or less.
Cisco and SAP Collaborate to Address "Borderless Manufacturing"
Today's manufacturers frequently operate across several different geographies, often in far-flung locations, and require instant and accurate visibility across their supply chains. SAP has teamed with Cisco in the SAP Co-Innovation Lab to explore solutions that help enable manufacturers to share and deliver with industry-leading security key performance indicators (KPIs) and production data across plants. Taking advantage of the SAP(R) Manufacturing Integration and Intelligence (SAP MII) application and the Service-Oriented Network Architecture (SONA) from Cisco, the project simulated near-real-time reporting from a vendor or customer manufacturing facility.
The project included several different demonstration scenarios that support the vision of "borderless manufacturing" for inventory and KPI metric collaboration across a manufacturer's worldwide locations. The results of the project provided manufacturers with the ability to interact with vendors' inventory systems in a controlled environment, access to real-time messaging and collaboration with vendors -- all supported by Web-based entry that is accessible from anywhere within a manufacturer's network.
SAP, Business Objects and Deloitte Consulting LLP Help Businesses Improve Corporate Performance
Many companies today lack a comprehensive solution to manage corporate performance across the enterprise. They are often faced with information silos that prevent them from making informed business and execution decisions that can impact financial performance. To address this business need, SAP and Business Objects, an SAP company, are collaborating with Deloitte Consulting LLP (Deloitte Consulting) through the SAP Co-Innovation Lab to create industry and market-specific service offerings that help companies in their efforts to close the loop between strategy and execution. The collaboration will showcase service offerings that combine SAP solutions for governance, risk and compliance (GRC), enterprise performance management (EPM) and the Business Objects business intelligence (BI) platform with Deloitte Consulting's thought leadership in performance improvement applications and industry consulting experience, knowledge and skills. The companies are working together to demonstrate that customers can benefit from integrated GRC, EPM and BI solutions to enable more effective decision-making and to improve business performance across the enterprise.
The demonstrations hosted in the SAP Co-Innovation Lab will show how companies can adaptively change corporate strategy and launch campaigns dynamically in response to market and competitive risks. The advantage to customers is to be able to embed risk management into operational processes and to continually monitor and adjust a company's performance against strategy.
"Software vendors are relying more on their partner networks to expand into new markets and provide competitive advantage to their customers and partners," said Joshua Greenbaum, principal, Enterprise Applications Consulting. "SAP has clearly taken a leadership position in this regard by leveraging its ecosystem to collaborate and develop new solutions with its customers and partners. The interactions between customers and partners enabled by the SAP Co-Innovation Lab are proof that SAP understands the value of placing its customers at the center of innovation."
SAP Co-Innovation Lab Showcases the Power of the SAP Ecosystem
Along with the development of ground-breaking projects, the SAP Co-Innovation Lab also supports other collaboration-rich activities. The lab hosts a series of seminars and Webinars, thought leadership forums, and onsite and online collaborations with SAP and other industry leaders. The lab offers high-impact demonstrations and solution showcases with onsite and online access, providing a rich customer experience. The lab also helps to lower the cost of innovation by enabling close cooperation with partners and customers, and by providing a simulated heterogeneous and full-featured data center. (For comments from partners, see addendum quote sheet at http://www.sap.com/company/press/press.aspx?pressID=9668.)
"These examples show how the SAP Co-Innovation Lab is providing a completely new type of collaboration platform for the industry's top minds to work together on the most pressing business challenges our customers face today," said Zia Yusuf, executive vice president, Global Ecosystem and Partner Group, SAP. "Our mutual customers stand to gain substantial benefits, as the work done at the lab pulls together the SAP ecosystem to address the right problem at the right time with a real, tangible solution. The combined efforts of SAP and its customer-focused ecosystem are continuing to deliver on the promises of co-innovation, collaboration, and thought leadership."
About SAP
SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 47,800 customers (excludes customers from the acquisition of Business Objects) in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." (For more information, visit http://www.sap.com/)
(*) SAP defines business software as comprising enterprise resource
planning and related applications.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright (C) 2008 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Shabana Khan, +1 650 461-1332, shabana.khan@sap.com, PDT
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT;
press@sap.com
Rachel Allen, Burson-Marsteller, +1 (415) 591-4041, rachel.allen@bm.com,
PDT
Iris Eidling, +49 (6227) 7-65797, iris.eidling@sap.com, CET
Photo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
SAP AG
CONTACT: Shabana Khan, +1-650-461-1332, shabana.khan@sap.com, PDT, or Iris Eidling, +49 (6227) 7-65797, iris.eidling@sap.com, CET, or SAP Press Office, +49 (6227) 7-46315, CET, or +1-610-661-3200, EDT, press@sap.com, all of SAP AG; or Rachel Allen of Burson-Marsteller, +1-415-591-4041, rachel.allen@bm.com, PDT
Web site: http://www.sap.com/
Electronic Data Systems Corporation Schedules Special Meeting of Stockholders
PLANO, Texas, June 18 /PRNewswire-FirstCall/ -- Electronic Data Systems Corporation , today announced that it has called a special meeting of its stockholders, to be held at 9:30 a.m. Central time on July 31, 2008 at its principal executive offices located at 5400 Legacy Drive, Plano, Texas 75024. The purpose of the special meeting is for EDS stockholders to consider and vote on the proposal to adopt the previously disclosed Agreement and Plan of Merger, dated as of May 13, 2008, by and among EDS, Hewlett-Packard Company and Hawk Merger Corporation, under which EDS would be acquired by Hewlett-Packard Company. Stockholders of record as of the close of business on Tuesday, June 24, 2008 will be entitled to receive notice of, and to vote at, the special meeting.
About EDS
EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements contained in this document, including Electronic Data Systems Corporation's ("EDS") future expectations, beliefs, goals or prospects, and any statements that are not statements of historical facts are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those stated in the forward-looking statements. Important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements include: (i) the conditions to the completion of the proposed merger may not be satisfied, or the regulatory approvals and clearances required for the proposed merger may not be obtained on the terms expected or on the anticipated schedule (if at all); (ii) the parties' ability to meet expectations regarding the timing for completion of the proposed merger; (iii) the possibility that the parties may be unable to achieve expected synergies and operating efficiencies within the expected time-frames or at all; (iv) operating costs, customer loss and business disruption may be greater than expected following the transaction; (v) the retention of certain key employees at EDS; and (vi) the outcome of any legal proceedings that may be instituted against EDS and others following the announcement of the merger agreement. These factors, and other important factors that could affect these outcomes are set forth in EDS' most recently filed Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission, in each case under the heading "Forward-Looking Statements" and/or "Risk Factors." Such discussions regarding risk factors and forward-looking statements are incorporated herein by reference. EDS assumes no obligation to update or revise any forward-looking statement in this
document, and such forward-looking statements speak only as of the date hereof.
Additional information and where to find it
EDS has filed with the Securities and Exchange Commission (the "SEC") a preliminary proxy statement and intends to file a definitive proxy statement and other relevant materials in connection with its proposed business combination with Hewlett-Packard Company ("HP"). The definitive proxy statement will be sent or given to the stockholders of EDS. Before making any voting or investment decision with respect to the merger, investors and stockholders of EDS are urged to read the proxy statement and the other relevant materials when they become available because they will contain important information about the merger. The proxy statement and other relevant materials (when they become available), and any other documents filed by EDS with the SEC, may be obtained free of charge at the SEC's website at http://www.sec.gov/. In addition, investors and stockholders may obtain free copies of the documents filed with the SEC by going to EDS's Investor Relations page on its corporate website at http://www.eds.com/ or by directing a request to EDS at 5400 Legacy Drive, Plano, TX 75024 - Attention: Investor Relations.
EDS and HP and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from EDS stockholders in connection with the merger. Information about HP's directors and executive officers is set forth in HP's proxy statement on Schedule 14A filed with the SEC on January 29, 2008 and HP's Annual Report on Form 10-K filed on December 18, 2007. Information about EDS's directors and executive officers is set forth in EDS's proxy statement on Schedule 14A filed with the SEC on March 4, 2008 and EDS's Annual Report on Form 10-K filed on February 27, 2008. Additional information regarding the interests of participants in the solicitation of proxies in connection with the merger will be included in the definitive proxy statement that EDS intends to file with the SEC.
CONTACT:
Bob Brand - EDS
972 605 1290
bob.brand@eds.com
Electronic Data Systems Corporation; EDS
CONTACT: Bob Brand of EDS, +1-972-605-1290, bob.brand@eds.com
Web site: http://www.eds.com/
MathStar, Inc. Announces Shareholder Update Meeting
HILLSBORO, Ore., June 18 /PRNewswire-FirstCall/ -- MathStar, Inc. announced today that it has scheduled a shareholder update meeting for June 26th, 2008 at 3:30 p.m. Central time at the Marriott Southwest Hotel, 5801 Opus Parkway, Minnetonka, MN to report on the status of its business activities, including its consideration of strategic alternatives. The meeting will also be webcast. To listen to the webcast please go to: http://phx.corporate-ir.net/phoenix.zhtml?p=irol- eventDetails&c=193240&eventID=1879885. A replay of the call will be made available on the company's website at http://www.mathstar.com/.
Forward-Looking Statements
Statements in this press release, other than historical information, may be "forward-looking" in nature within the meaning of Section 21E the Private Securities Litigation Reform Act of 1995 and are subject to various risks, uncertainties and assumptions. These statements are based on management's current expectations, estimates and projections about MathStar and its industry and include, but are not limited to, those set forth in the section of MathStar's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 14, 2008 under the heading "Risk Factors." MathStar undertakes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
MathStar, Inc.
CONTACT: Douglas M. Pihl of MathStar, Inc., +1-503-726-5500, doug.pihl@mathstar.com
Web site: http://www.mathstar.com/
JAG Media Holdings, Inc. Announces Receipt of Letter from CryptoMetrics, Inc. Regarding No Further Extensions of Merger Agreement
BOCA RATON, Fla., June 18 /PRNewswire-FirstCall/ -- JAG Media Holdings, Inc. (OTC Pink Sheets: JAGH) announced today that it received a letter from CryptoMetrics, Inc. this morning wherein CryptoMetrics informed the Company "that CryptoMetrics has decided not to extend the Automatic Termination Date [which last expired on April 30, 2008] and therefore the Merger Agreement has by its terms been terminated, and is void and of no force or effect..."
The Company is currently in discussions with other companies regarding alternative merger transactions.
A copy of the letter received from CryptoMetrics will be filed by the Company on Form 8-K, which will be available on EDGAR.
About JAG Media Holdings, Inc.
JAG Media Holdings, Inc. is a provider of Internet-based equities research and financial information that offers its subscribers a variety of stock market research, news and analysis, including "JAG Notes," the Company's flagship early morning consolidated research product.
JAG Media Holdings, Inc.
CONTACT: Stephen J. Schoepfer, President & COO of JAG Media Holdings, Inc., +1-888-828-4174, steve@jagnotes.com
Web site: http://www.jagnotes.com/
Anaren Releases Application Note/Layout Package for Nordic Semiconductor Ultra-Low Power, 2.4GHz Transceiver Aimed at Wireless Sports-Device SegmentAnaren's '0404' balun achieves 46%* & 77%** space-savings over discrete matching solutions (*0402 components, **0201 components) employed in earlier Nordic Semiconductors designs.
SYRACUSE, N.Y., June 18 /PRNewswire-FirstCall/ -- Anaren, Inc. announced today that it has released an application note and layout package for Nordic Semiconductor's nRF24L01(TM) and nRF24L01+(TM) Proprietary Ultra Low Power Radio transceiver devices, which among other applications in the wireless HID market including: PC peripherals, game controllers, and wireless audio, these Nordic Semiconductor transceivers are particularly well-suited for the high-volume wireless sports device market centering on the emerging ultra-low power Bluetooth(R) (2.4GHz) standard (e.g. high-functionality wristwatches, home sports equipment, wireless heart rate monitors, personal GPS and foot pods).
(Logo: http://www.newscom.com/cgi-bin/prnh/20021022/NYTU197LOGO )
"We're excited to have Anaren's balun play a role with our latest transmitter devices," said Thomas Embla Bonnerud, Nordic's Product Manager for Ultra Low Power Wireless. "Anaren's part offers an excellent combination of improved performance, reduced size, and a simpler and more elegant implementation than our current discrete designs -- and that's what our sports-device customers were looking for." Bonnerud added that many of Nordic's customers in this emerging space have a limited RF technology base, "so any implementation that reduces the chances of errors through easy layout and limited external components will decrease their time to market.
Anaren's "0404" balun is part of the passive component supplier's fast- expanding family of consumer-electronics sized softboard solutions, which includes 0404, 0603, and 0805 baluns, couplers, power dividers, and RF crossovers. Like other standard components in the company's line, the baluns are backed by the Anaren-exclusive 100% On-Spec(TM) guarantee and B-There(TM) service commitment that ensures on-time delivery. Samples are available within 24 hours for qualified prototype work. And complete specifications are available on the associated Anaren datasheet, available on-line at http://www.anaren.com/.
ABOUT ANAREN:
An innovative leader in microwave and RF technology, Anaren, Inc. designs and manufactures complex components and subsystems for the defense, satellite, and wireless infrastructure and consumer electronics markets. To learn more, visit http://www.anaren.com/
About Nordic Semiconductor ASA
Nordic Semiconductor is a fabless semiconductor company specializing in ultra-low power (ULP) short-range wireless communication. Nordic is a public company listed on the Norwegian stock exchange. Nordic provides RF silicon solutions including:
-- Highly integrated RF silicon
-- Sophisticated and flexible development tools
-- Application specific communication software
-- Complete reference designs
Nordic is an associate member of the Bluetooth SIG, and has contributed core expertise in ultralow power RF design to the forthcoming specification for Ultra Low Power (ULP) Bluetooth wireless technology. ULP Bluetooth wireless technology is a short range RF communication technology featuring ultra-low power consumption, a lightweight protocol stack and simple integration with Bluetooth(R) wireless technology chips. ULP Bluetooth wireless technology ushers in the next generation of RF communications by opening up many new opportunities for wireless data links between suitably equipped mobile phones or personal computers (PCs) and coin cell battery-powered devices such as sports and health sensors.
Nordic's products are all manufactured in ultra modern semiconductor process technologies through strong relationships with world-best manufacturing facilities. Sales are primarily made through a carefully selected worldwide distribution network. The company has offices in Trondheim and Oslo, Norway, the US (west coast), Hong Kong, Korea and Japan, and is listed on the Norwegian Stock Exchange (OSX: NOD). All operations are managed according to the ISO 9001:2000-approved quality assurance system. To learn more, visit: http://www.nordicsemi.com/
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20021022/NYTU197LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Anaren, Inc.
CONTACT: John Hoeschele, Marketing Communications Mgr., Anaren, Inc., +1-315-432-8909, ext. 453
Web site: http://www.anaren.com/ http://www.nordicsemi.com/
Current Technology's Celevoke Clarifies Patent Position
VANCOUVER, British Columbia, June 18 /PRNewswire-FirstCall/ -- Current Technology Corporation (the "Company") (BULLETIN BOARD: CRTCF) has become aware that certain information relating to its subsidiary's intellectual property and that the Company believes is inaccurate has been released to the market by a third party. The purpose of this news release is to respond to and correct the inaccurate information released by the third party.
The Company's 51% owned Texas-based subsidiary Celevoke, Inc. ("Celevoke") has a non-exclusive worldwide license to manufacture, market and sell Wireless Triggerable Location and Remote Control products (i.e., its proprietary Telematics Systems) developed by LunarEYE, Inc. ("LunarEYE"), a Texas corporation. LunarEYE owns a number of issued and pending patents (including US Patent number 6,484,035, referred to herein as the "035 Patent") in the United States and other countries around the world. On May 11, 2007 LunarEYE filed a lawsuit against Webtech Wireless Inc. of Burnaby, British Columbia ("WEW") alleging patent infringement. Subsequent to May 2007, WEW submitted a Request for Re-Examination of the "035" Patent to the US Patent and Trademark Office ("USPTO"). In its Management Discussion and Analysis for the quarter ended April 30, 2008 which is dated June 13, 2008, WEW on page 11 made the following statement: on June 10, 2008 WEW received notice from the USPTO that "the patent in question (ie, the 035 Patent) had been rejected by the USPTO." Current Technology believes this statement is misleading, at best.
"The correspondence WEW referenced from the USPTO is in fact a non-final office action concerning claim 3. There are three claims in the 035 Patent," stated Celevoke and LunarEYE CEO, Chuck Allen. "Based solely on prior art information provided by WEW, and absent of even our first response, the USPTO issued notice it is re examining only one of the three claims. The other two claims are unaffected by the action. Basically the USPTO has only heard one side of the story, and characterizing the office action as 'final' is simply inaccurate. The 035 Patent is still validly issued and in full force and effect. Further, LunarEYE has 60 days in which to make its arguments to the examiner at the USPTO in support of its questioned claim, validity contentions and patentability position over the prior art which the examiner will consider next. LunarEYE plans to respond aggressively and as quickly as possible to the patent office, and is hopeful the questioned claim ultimately will be upheld and unaffected."
Chuck Allen continued, "We consider this matter to be of the highest priority and will devote an appropriate level of time and attention to defending it before the USPTO. To that end, we may agree to delay the start of the WEW trial which is scheduled to commence November 2008 in the Eastern District of Texas until this USPTO matter is resolved."
Current Technology CEO Robert Kramer concluded, "We believe this matter will have no impact on Celevoke's business going forward, and we stand behind our previous statements concerning market opportunities for Celevoke."
About Celevoke
Celevoke is poised to become a market leader in the projected $38.3 billion (by 2011) global market for Telematics (according to ABI Research), which is the integrated use of telecommunications and informatics. More specifically, it is the science of sending, receiving and storing information wirelessly via telecommunication devices. Celevoke has integrated Telematics and Global Positioning Systems (GPS) with sensing technology. This proprietary suite of hardware and software products enables users to remotely monitor, track, control and protect a wide variety of asset classes. Examples include people, automobiles and trucks, shipping containers and covert vehicles used for law enforcement and intelligence gathering in a global marketplace.
Forward Looking Statement
The news release contains forward-looking statements concerning the Company's business operations, and financial performance and condition. When used in the news release the words "believe," "anticipate," "intend," "estimate," "expect," "project," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. These forward-looking statements are based on current expectations and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause such differences include but are not limited to technological change, regulatory change, the general health of the economy and competitive factors. Many of these factors are beyond the Company's control; therefore, future events may vary substantially from what the Company currently foresees. You should not place undue reliance on such forward-looking statements.
Current Technology Corporation
CONTACT: Corporate, Robert Kramer of Current Technology Corporation, 1-800-661-4247; or Investor Relations, Richard Hannon of Polestar Communications, 1-866-858-4100; or Keith Fetter, or Darren Bankston, both of Piedmont IR, LLC, +1-678-455-3696
Verizon and Its Employees Aid Flood Victims in Seven States
NEW YORK, June 18 /PRNewswire/ -- The Verizon Foundation has begun a 1-to-1 match for every dollar donated by Verizon employees in support of relief efforts under way in seven states affected by record-breaking storms and heavy flooding.
As part of the foundation's disaster relief program, which offers employees a dollar-for-dollar match up to $1,000 annually, the company's philanthropic arm will match individual employee contributions to the American Red Cross Disaster Relief Fund, America's Second Harvest and the Salvation Army. Relief organizations have provided vast amounts of cleanup supplies, dozens of shelters and tens of thousands of meals in the affected states -- Iowa, Illinois, Indiana, Kansas, Nebraska, West Virginia and Wisconsin.
"Our hearts go out to those whose homes, communities and lives have been battered by these powerful storms and floods," said Patrick Gaston, president of the Verizon Foundation. "We're proud to support the generosity of our employees and to continue to lend a helping hand in this time of need."
Verizon has been supporting relief efforts in affected areas, donating more than 6,000 sand bags and providing a company emergency vehicle.
In addition, emergency personnel and relief agencies in Iowa have received Verizon Wireless mobile phones and USB modems. The company's BroadbandAccess service is being used to access the Internet via laptop computers and USB modems. Verizon Wireless also rolled out its high-speed wireless network in Iowa City to support communications services for the University of Iowa and other emergency personnel during the severe flooding in the area. The high-speed network was previously deployed in Cedar Rapids and other areas of Iowa. All Verizon Wireless Communications Stores are open to assist customers.
Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 67 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employed a diverse workforce of approximately 232,000 as of the end of the first quarter 2008 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit http://www.verizon.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
CONTACT: Alberto Canal of Verizon, +1-908-559-6367, alberto.c.canal@verizon.com
Web site: http://www.verizon.com/ http://www.verizon.com/news
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Chatsworth Data Solutions, Inc. Announces Corporate Name Change and Election of Directors
TULSA, Okla., June 18 /PRNewswire-FirstCall/ -- Chatsworth Data Solutions, Inc. (BULLETIN BOARD: CHWD) (the "Company") announced today that stockholders representing approximately 72% of the issued and outstanding shares of the Company's common stock have approved, by written consent, the change of the Company's name to International Data Solutions, Inc. Regarding the corporate name change, Sid L. Anderson, the Company's Chairman noted, "As our business continues to expand and have an increasingly global component, we believe it appropriate to have our corporate name reflect the international scope of our business. The name of the Company's operating subsidiary, Chatsworth Data Corporation, will remain unchanged." It is anticipated that a new trading symbol will be assigned to the Company.
Separately, the Company announced the election by stockholder consent of Sid L. Anderson, John T. Harnett, Steven W. Lefkowitz, Dr. Teong C. Lim and William H. Moothart to the Company's board of directors. In making the announcement Anderson stated, "We are very fortunate to have the caliber of directors that we have. For a small public company, we have a very experienced group of directors to lead the Company forward."
About Chatsworth Data Solutions, Inc.
Located in Tulsa, Oklahoma, the Company is the parent of Chatsworth Data Corporation ("CDC"), of Chatsworth, California. CDC has been trusted worldwide for 35 years as a provider of innovative, highly accurate and economically-priced intelligent data capture technology. CDC provides the front-end optical mark sensing and image scanning systems designed to meet the forms capture and document management needs of value added resellers, system integrators and applications developers who embed CDC technology into solutions tailored for several key markets. Chief among them are gaming/lottery, education, vote tabulation, healthcare, government, surveying, intelligence gathering and data management. Over a million readers and optical head assemblies have been sold by CDC to date. CDC also develops impact recording devices for packaging, shipping, insurance and transportation companies as well as organizations that manufacture fragile or sensitive products. Shares of Chatsworth Data Solutions, Inc. are traded on OTC:BB under the symbol CHWD. For more information about the Company and CDC, visit http://www.chatsworthdata.com/.
Forward Looking Statements
This release contains or may contain certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are based upon beliefs of, and information currently available to, the Company's management as well as estimates and assumptions made by the Company's management. When used in this release, the words "anticipate", "believe", "estimate", "expect", "future", "intend", "plan" or the negative of these terms and similar expressions as they relate to the Company or the Company's management identify forward-looking statements. Such statements reflect the current view of the Company with respect to future events and are subject to risks, uncertainties, assumptions and other factors (including the risks contained in the sections of the Company's reports filed or to be filed with the Securities and Exchange Commission entitled "Risk Factors") relating to the Company's industry, the Company's operations and results of operations and any businesses that may be acquired by the Company. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Although the Company believes that the expectations reflected in the forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future results, levels of activity, performance or achievements and actual results or developments may differ materially from those in the forward looking statements. The Company does not undertake any obligation to update any of the forward-looking statements to conform these statements to actual results.
Chatsworth Data Solutions, Inc.
CONTACT: Sid L. Anderson, Chairman of Chatsworth Data Solutions, Inc., +1-918-645-3701, sid@slacollc.com; or Joe Allen of Allen & Caron Inc., +1-212-691-8087, joe@allencaron.com, for Chatsworth Data Solutions, Inc.
Web site: http://www.chatsworthdata.com/
Micrel renforce sa nouvelle gamme de LDO à alimentation unique acceptant des tensions d'entrée d'à peine 1,65 V
SAN JOSÉ, Californie, June 18 /PRNewswire/ --
Micrel Inc., (Nasdaq : MCRL), l'un des leaders de l'industrie en matière
de communications analogiques à large bande passante et de solutions Ethernet
à base de CI, a lancé aujourd'hui sa nouvelle gamme MIC6910x/15x/30x de
régulateurs linéaires à très basse tension. Les dispositifs font partie d'une
nouvelle gamme de régulateurs à faible tension de relâchement (LDO), à haute
intensité et à alimentation unique qui fonctionnent sous des tensions
d'entrée aussi basses que 1,65 V. Destinées aux marchés industriel, médical,
des communications, du calcul informatisé et au marché grand public, les
solutions sont destinées aux serveurs/routeurs, périphériques de calcul,
écrans de téléviseurs à cristaux liquides/plasma et aux applications de
points de charge industrielles/médicales. Les CI sont actuellement
disponibles en gros au prix de base de 1,13 USD pour 1 000 unités. Il est
désormais possible de commander des échantillons via le site Web de Micrel à
l'adresse : http://www.micrel.com/ProductList.do.
<< La gamme MIC69xxx offre la meilleure combinaison de performance de
plages de tension d'entrée et de sortie, de tension à faible perte et de
possibilités d'intensité de sortie disponible aujourd'hui chez Micrel >>, a
déclaré Andy Cowell, vice-président du marketing de la division des produits
électriques chez Micrel. << Cette gamme de LDO a été conçue pour répondre à
la tendance du secteur à utiliser des rails de tension moins élevée. Ces LDO
conviennent à un large éventail d'applications car ils proposent plusieurs
niveaux d'intensité associés à toute une gamme de boîtiers. >>
La série MIC6910x/15x/30x fonctionne avec une alimentation unique de 5,5
V jusqu'à une alimentation aussi basse que 1,65 V avec une précision de
sortie initiale équivalente à +/- 1 pourcent. Les dispositifs sont
extrêmement stables grâce à des condensateurs en céramique et sont
disponibles pour des plages d'intensité de jusqu'à 3 A pour le MIC69301/2,
1,5 A pour le MIC69151/3 et 1 A pour le MIC69101/3. Ces CI offrent aux
concepteurs plusieurs options d'intensités différentes tout en leur
permettant de réaliser des économies de coûts en réduisant le nombre de
composants externes nécessaires. Ces régulateurs linéaires sont dotés d'une
excellente régulation linéaire et de charge, et de fonctions d'arrêt et de
protection par commandes logiques telles qu'un arrêt thermique et une limite
de courant. Outre une fiabilité/capacité améliorée de gestion de tension, les
dispositifs sont livrés dans les boîtiers thermiques avancés e-Pad SO-8,
MLF(R) et S-PAK.
À propos de Micrel, Inc.
Micrel Inc., est un constructeur mondial de premier plan de solutions à
base de circuits intégrés pour les marchés internationaux d'Ethernet et des
bandes passantes larges analogiques. Les produits de l'entreprise comprennent
des semi-conducteurs de puissance évolués à signaux mixtes et analogiques,
des circuits intégrés pour les communications à hautes performances, la
gestion d'horloges, les commutateurs Ethernet et les émetteurs-récepteurs à
couche physique. Parmi les clients de l'entreprise on compte des fabricants
de premier plan de produits pour les entreprises, les clients, l'industrie,
les téléphones mobiles, les télécommunications, l'automobile et de produits
informatiques. Le siège social de l'entreprise et les installations haut de
gamme de fabrication de tranches se trouvent à San José, en Californie. La
société dispose également de bureaux régionaux de vente et de services et de
centres de conception de technologie avancée répartis dans les Amériques, en
Europe et en Asie. De plus, l'entreprise possède un réseau étendu de
distributeurs et de représentants dans le monde entier. Web :
http://www.micrel.com.
Remarque : MLF est une marque déposée d'Amkor Technology.
Site Web : http://www.micrel.com
Micrel Inc.
Julieanne DiBene, Communications marketing de Micrel Inc., au +1-408-474-1276, Julie.DiBene@Micrel.com
NVIDIA Places Multiple System Order for Advantest's T2000 System-on-Chip Test SystemCost-effective, IC test system offers parallel test capabilities for high-pincount graphic and chipset technologies
SANTA CLARA, Calif., June 18 /PRNewswire-FirstCall/ -- Advantest Corporation , the world's leading supplier of semiconductor test equipment, announces that NVIDIA Corporation , the world leader in visual computing technologies, has placed a multi-system purchase order for Advantest's T2000 open-architecture SoC Test System. The systems will be used on NVIDIA's products to support parallel testing of their high-pincount, leading-edge graphics devices. NVIDIA made its initial investment in the T2000 in 2006 for characterization and debug of packaged silicon products. Shipments against this latest order will begin immediately and will continue throughout the calendar year.
Advantest reports that NVIDIA selected the T2000 test solution for its cost effectiveness and ability to meet the ongoing complex test requirements of its leading-edge graphics processors. The T2000's parallel test capabilities and unique modular design offer an unprecedented degree of flexibility and extendibility for future-generations of devices, including the ability to incorporate new modules specifically designed to support application-specific requirements.
"We are extremely pleased to be expanding our relationship with NVIDIA and grateful for the high level of confidence they have placed in our ability to respond to their needs. Advantest is committed to serving NVIDIA through our global support team, and to helping them grow their share of the competitive graphics and computing applications market," commented R. Keith Lee, president and CEO of Advantest America, Inc. "In this era of elaborate visual computing, NVIDIA's innovative products continue to drive and define the worldwide market. We are gratified that the cost-efficient and very reliable T2000 has been selected to test these high-performance devices," Lee continued.
Keith Katcher, NVIDIA's Vice President of Operations for Silicon Engineering, remarked, "Advantest continues to demonstrate that their leading-edge technology and test systems have the capabilities necessary to help NVIDIA achieve the highest levels of performance and cost efficiencies. We have confidence that Advantest can ably serve our needs as a test partner."
Test flexibility from engineering characterization to production
Advantest's T2000 test system is designed specifically to test complex processors, consumer and other SoC devices, and is used by chipmakers worldwide for testing GPUs, CPUs and other sophisticated products. The T2000 is easily configurable for testing microcontrollers, microprocessors, RF and mixed-signal devices, thanks to an expanding menu of test modules enabling unprecedented customization of test capabilities with unmatched support for parallel testing. These features make the T2000 an ideal test system for IDMs, fabless companies, sub-cons and foundries, who require a flexible platform with interchangeable modules that are easily adapted to changing device requirements
About Advantest
Advantest Corporation is the world's leading supplier of automatic test equipment to the semiconductor industry. Advantest's SoC, logic, memory, mixed-signal and RF testers and device handlers are integrated into the most advanced semiconductor fabrication lines in the world. Founded in Tokyo in 1954, Advantest established its North American subsidiary in 1982 and its European subsidiary in 1984. More information is available at http://www.advantest.com/.
Advantest Corporation
CONTACT: Amy Gold of Advantest America, Inc., +1-212-850-6670, a.gold@advantest.com
Web site: http://www.advantest.com/
Vectra Bank Launches SafePoint Solution For Same-Day Cash Flow- Vectra's services combine with Loomis safe for ultimate retail cash solution -
DENVER, June 18 /PRNewswire/ -- Vectra Bank Colorado has partnered with Loomis Fargo & Co. to offer SafePoint currency security, an innovative solution for its business customers handling large quantities of cash and desiring improved security.
SafePoint comprises an electronic safe and complementary cash management tools managed by Loomis. Vectra Bank provides a seamless suite of financial services so customers receive same-day credit -- and immediate cash availability -- for deposited funds.
"We are pleased to provide our customers with this useful combination of offerings," said Jim Vogt, Senior Vice President/Manager, Treasury Management & Merchant Services for Vectra Bank Colorado. "When our clients receive cash payments from our customers, we believe those funds should be available to them immediately -- without giving up the security and convenience of a safe."
Here's how Vectra Bank's SafePoint services work:
1. Following each business day, daily deposit totals are extracted for all SafePoint transactions conducted during the day.
2. Vectra Bank Cash Vault Services give the client's account a provisional credit for the previous day's safe deposits. The money is available to the customer immediately, because Loomis guarantees the accuracy and safety of its cash services. Vectra Bank requires no underwriting process or credit approval for business customers.
3. The business schedules armored pickups as needed, without worrying about cash availability. If the business needs change, Loomis delivers the change, and Vectra debits its bank account.
"SafePoint customers choose their service level and pay fees for some services, such as cash counting, as usual," noted Vogt. "But business owners who try SafePoint find the minimal fees are well worth the convenience and security they gain, plus fees can also be partially or fully offset by balances."
To learn more about Vectra Bank Colorado's SafePoint service, visit http://www.vectrabank.com/ or call 1-866-4VECTRA.
About Vectra Bank Colorado
With assets of $2.76 billion, Vectra Bank Colorado is a proactive, customer-focused organization dedicated to real relationship banking. Part of the Zions Bancorporation family of banks, Vectra serves Colorado's small, middle-market and corporate business clients with more than 40 full-service branches in communities across Colorado.
About Loomis
Loomis is the cash handling services division of Securitas AB, a world leader in security. Loomis offers secure and efficient cash distribution, processing and recycling solutions for financial institutions, retailers and other commercial enterprises through an international network of 420 operating locations in 11 European countries and the United States. Loomis employs approximately 20,000 people. For further information about Loomis US operations, visit http://www.loomis.us/.
CONTACTS: Lisa Cutter 303-972-6275
cuttercom@earthlink.net
Tim McCoy 720-947-7712
timothy.mccoy@vectrabank.com
Vectra Bank Colorado
CONTACT: Lisa Cutter, +1-303-972-6275, cuttercom@earthlink.net, for Vectra Bank Colorado; or Tim McCoy of Vectra Bank Colorado, +1-720-947-7712, timothy.mccoy@vectrabank.com
Web site: http://www.vectrabank.com/ http://www.loomis.us/
Satyam's Leadership Certification Process Wins ASTD Award-- Satyam earns ASTD Excellence in Practice Award for Full Life Cycle Leader certification process
HYDERABAD, India, June 18 /PRNewswire-FirstCall/ -- Satyam Computer Services Ltd. , a leading global consulting and information technology services provider, announced today that it has earned the American Society of Training and Development's (ASTD) Excellence in Practice Citation. The recognition was part of ASTD's 2007 Excellence in Workplace Learning and Performance program.
Satyam was honored for its Full Life Cycle Leader Certification (FLCL) process, which equips new leaders with the right tools, skills and knowledge to complement the organization's distributed leadership business framework. The awards were presented earlier this month at ASTD's International Conference and Exposition in San Diego.
"Winning organizations advance the knowledge of the workplace learning and performance profession and contribute to increasing workforce capability and organizational competitiveness," said ASTD President and CEO Tony Bingham. "Their accomplishments demonstrate how learning increases the performance and success of organizations worldwide."
Each year ASTD recognizes individuals and teams who advance the knowledge of workplace learning and performance and contribute to organizational competitiveness through exemplary practices. The Excellence in Practice category recognizes organizations for results achieved through learning and performance solutions that have delivered measurable results, and citations are presented for practices from which much can be learned.
"We are honored to receive this recognition and view it as an endorsement of the robust process we have at Satyam to equip new leaders with tools and skills necessary for global success," said Ed Cohen, Satyam's chief learning officer. "It truly complements Satyam's unique distributed leadership framework, and highlights the distinct advantages our leaders gain from participation in Satyam School of Leadership programs."
The Satyam School of Leadership's yearlong certification program is divided into four stages, each of which builds upon knowledge developed during the previous one. The process employs a "high-tech, high-touch" approach that includes pairing each new leader with an internal leadership development consultant and providing learning guides, facilitators, coaches, and mentors throughout the entire FLCL certification process. More than 500 leaders are involved in the program. Participants report that they are happier, have a better understanding of the organization, and see greater opportunities to expand their roles and responsibilities.
About Satyam
Satyam , a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20* industries and 63* countries.
Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company's 51,127* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.
Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve 654* clients, including more than one third of the Fortune 500. For more information, see http://www.satyam.com/.
*As of March 31, 2008
Safe Harbor
This press release contains forward-looking statements within the meaning of section 27A of Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Satyam undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with our business, please see the discussions under the heading "Risk Factors" in our report on Form 6-K concerning the quarter ended December 31, 2007, furnished to the United States Securities Exchange Commission on January 28, 2008 and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at http://www.sec.gov/ .
This announcement is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from Satyam and that will contain detailed information about Satyam and its management, as well as financial statements.
Satyam Computer Services Ltd.
CONTACT: MediaRelations@Satyam.com, or India, Vishwesh Iyer, +91-98200-53697, vishwesh.iyer@ogilvy.com, or US, Siobhan Aalders, +1-212-880-5341, +1-347-387-0733, Siobhan.Aalders@ogilvypr.com, or Europe, Clare Gibbins, +44-20-7309-1037, clare.gibbins@uk.ogilvypr.com, or Asia-Pacific, Reshma Wad Jain, +65-6737-4844, +65-981-40507, Reshma@wer1.net, or Simon Murphy, +61 (02) 8281-3826, simon@howorth.com.au, all for Satyam
Web site: http://www.satyam.com/
Comcast Colorado to Host Consumer 'Screen to Green' TV Recycling Event on Saturday, June 28 at Auraria Campus in DenverRESIDENTS ENCOURAGED TO RECYCLE TVs AND OTHER E-WASTE TO KEEP ELECTRONICS OUT OF LOCAL LANDFILLS- Supporting sponsors include City and County of Denver and Planet Green, the first and only 24-hour eco-lifestyle television network -- Waste Management Recycle America and GRX Electronics Recycling to support e-waste recycling -
DENVER, June 18 /PRNewswire/ -- Denver residents who have stockpiled their unused TVs and other electronics because they weren't sure how to dispose of their e-waste will have an opportunity to responsibly recycle their screens and other items at a "Screen to Green TV Recycling Rally" presented by Comcast on Saturday, June 28.
The Screen to Green (S2G) TV Recycling Rally will be centrally held on the Auraria campus across from the Pepsi Center in downtown Denver from 10 a.m. to 2 p.m. In addition to televisions, residents can also recycle other electronics including computer monitors, DVD players or other e-waste that shouldn't be placed in the general trash. There is a $5 recycling fee for each screen recycled which includes TVs and computer monitors. TV and computer monitor recycling is more expensive and complex than other e-waste processing, so Comcast and the other rally sponsors are helping to offset recycling costs. Other small electronics including computers, cell phones, stereo components, DVD players and PDAs are free.
In addition, residents who participate in the Recycling Rally by recycling a TV or other electronic item will be eligible to enter a drawing for a 40-inch LCD TV and a free Comcast Triple Play service package for one year. The package includes Comcast Digital Cable featuring superior HDTV and Video on Demand, High-Speed Internet boasting download speeds of 6 Mbps and PowerBoost, and feature-rich Comcast Digital Voice(R).
Comcast Colorado is leading the TV recycling effort in Denver as part of its participation in Screen to Green, a cable industry initiative to educate consumers and engage them in the recycling of unused televisions to better the environment. In the past six weeks, Comcast has used its various technology platforms and wide reach to educate consumers about the dangers of TVs in landfills. In addition to sending bill messages and alerts via its cable set-top boxes to its customers about the Recycling Rally, the company teamed with Planet Green to air commercials about the event.
"As consumers continue to adopt new technologies and embrace advanced services such as VOD and HDTV, we want to ensure that we're helping consumers understand how they can responsibly recycle their old technology to improve our environment," said Scott Binder, senior vice president of Comcast Colorado. "Our participation in the first Screen to Green TV Recycling Rally is just one way that Comcast is working within our communities to make a positive and measurable difference."
Many consumers are unaware that electronic waste, including TVs, if improperly disposed could become toxic waste. Electronics are full of toxic materials such as lead, mercury and beryllium and other elements that if improperly managed, could be harmful to people and the environment. Each TV or computer monitor may contain up to eight pounds of lead. When televisions and other e-waste are discarded and crushed in landfills, they may leach chemicals into groundwater or pollute the air.
"The City and County of Denver is committed to providing our residents with easy ways to protect our environment and promote sustainability," said Denver Mayor John Hickenlooper. "From the recent recycling initiative we announced with the Downtown Business Improvement District for the 16th Street Mall to our partnership with Comcast for this Screen to Green TV recycling event, we continuously seek ways to better our community."
Through the recycling of TVs, valuable resources such as precious metals, plastics and glass can be extracted and reused. According to the U.S. EPA, reusing and recycling these materials from end-of-life electronics conserves natural resources and avoids air and water pollution as well as greenhouse gas emissions that are emitted by the manufacturing of new products.
"Every TV that is kept out of a landfill is triumph for the environment," said Lori McFarling, divisional marketing officer, Domestic Distribution and Enterprises, Discovery Communications -- the parent company of Planet Green. "One of the goals of Discovery's new Planet Green initiative is to encourage people to make more environmentally conscious decisions, and Screen to Green provides a great opportunity for consumers to contribute their part to protecting the planet."
Launched as the first and only 24-hour eco-lifestyle television network in early June, Planet Green can be found in Comcast's Digital Preferred package line-up on channel 201.
Waste Management Recycle America and GRX (Guaranteed Recycling Xperts) will work together to provide e-waste recycling services at the June 28th Denver S2G Recycling Rally. Both e-cycling partners uphold the highest standards for responsible electronics recycling and ensure that all waste will be handled domestically.
About Comcast Corporation
Comcast Corporation (http://www.comcast.com/) is the nation's leading provider of entertainment, information and communications products and services. With 24.7 million cable customers, 14.1 million high-speed Internet customers, and 5.2 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content. In Colorado, Comcast serves more than 815,000 customers and employs approximately 4,500 people.
Comcast's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, VERSUS, G4, PBS KIDS Sprout, TV One, ten regional Comcast SportsNets and Comcast Interactive Media, which develops and operates Comcast's Internet business. Comcast also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia.
About Screen to Green
Screen to Green (S2G) is an innovative recycling and education initiative developed for the cable television community to engage consumers in a responsible recycling solution for unused televisions to better the environment. Televisions that are tossed into landfills pose a major threat to people and the environment as they contain significant amounts of toxic materials. Screen to Green provides a comprehensive program to partner cable companies and consumers to safely recycle TVs and repurpose their parts. Developed in 2007 by October Strategies, Inc., a Denver-based strategic communications firm, Screen to Green is dedicated to the highest standards of responsible recycling and bettering the communities where cable conducts business. For more information, please visit http://www.screentogreen.com/.
Comcast Colorado
CONTACT: Cindy Parsons of Comcast Colorado, office, +1-303-603-2125, wireless, +1-303-888-8550, cindy_parsons@cable.comcast.com
Web site: http://www.comcast.com/ http://www.screentogreen.com/
Endeavors and NTT Europe Online Join Forces
IRVINE, California and LONDON, June 18 /PRNewswire/ --
- Companies Utilize Proof of Concept as Trial SaaS Platform for ISVs
Endeavors Technologies, the pioneer in application streaming and
virtualization technology, and its parent company, Tadpole Technology plc,
today announced a strategic partnership with NTT Europe Online. The companies
are building a proof-of-concept (POC) based on Application Jukebox that will
be used to help ISVs transition their applications to a Software as a Service
(SaaS) model. The POC offers ISVs a 30 day trial, allowing them to experience
the benefits of a hosted, SaaS model, without having to re-architect their
existing windows-based application.
Damian Skendrovic, Regional Director at NTT Europe Online, said: "We have
seen a real growth in demand for SaaS products from end-users; however, the
upfront investment required to develop a multi-tenanted application has
always acted as a barrier to entry for ISVs. This trial service allows ISVs
to evaluate initial market response without re-architecting the application:
minimizing business risk, reducing costs and helping the ISV build a viable
business proposition for SaaS. Once proven, the technology and infrastructure
underpinning the POC easily scales to support the ISV as customer usage
grows."
"We are excited to enter into this strategic partnership with NTT Europe
Online," said Peter Bondar, CEO of Endeavors Technologies. "NTT Europe Online
has extensive experience supporting and hosting SaaS applications and,
alongside its position as a Microsoft SaaS Incubation Partner, was the
obvious hosting partner of choice. We believe that a SaaS offering based on
Application Jukebox will only strengthen this position."
Gartner has predicted that the global market for SaaS will more than
triple over the next three years, growing from US$6.3 billion in 2006 and is
on track to reach US$19.3 billion by the end of 2011.
About Application Jukebox
The Application Jukebox family of products contain three key components.
Application Jukebox Player sits on the client to create the virtual
application environment and provides user authentication and application
license enforcement. Application Jukebox Server controls and delivers
applications, provides usage monitoring and logging, plus group, user and
application level administration. Application Jukebox Studio allows ISVs and
IT administrators to create a streamable, virtualized "appset" from standard,
Windows-based applications that is then published to the server.
Three versions of Application Jukebox are available today. Application
Jukebox SaaS Edition features usage metering and a kiosk mode to support a
pay-as-you-go model for application rental, plus portals that provide an
easy-to-use environment for service providers and ISVs to create a custom
application landing site. Application Jukebox Enterprise Edition supports
Active Directory and offers user and group monitoring, as well as extensive
tracking and support for cost-effective license management. Application
Jukebox Lite Edition is a fully functional trial version of the product that
can is available as a free download at http://tryitnow.endeavors.com.
About Endeavors Technologies
Endeavors Technologies creates, develops and markets innovative
application virtualization and streaming technologies that allow servers to
stream pc-based applications to client computers where they are subsequently
executed. These "next stage" technologies replace thin client computing
paradigms. Application virtualization and streaming enables organizations to
reduce the total cost of ownership while improving service levels,
simplifying the management of computers and improving security and
reliability. This innovative application distribution methodology provides
companies with new revenue opportunities while reducing IT costs and
increasing user productivity. Endeavors Technologies is a pioneer and thought
leader with eight patents granted and 25 pending, including the first patents
granted for streaming applications. Endeavors Technologies provides its
solutions through licensing, royalty and technology transfer models. Visit
http://www.endeavors.com for more details.
About Tadpole Technology plc
Tadpole Technology plc (LSE: TAD) is a company in transition. The company
was formed in 1983 as a developer and manufacturer of high performance
portable workstations. In 2003, Tadpole transitioned to a software group
focused on two sectors: geospatial solutions and system level software
technologies. In mid 2007, Tadpole made a strategic decision to focus
exclusively on the application streaming and virtualization marketplace and
in November 2007 announced the sale of its geospatial interests. The company
established Endeavors Technologies Ltd. as its European trading arm,
complementing the existing Endeavors Technologies Inc. in the US. Subject to
shareholder approval, Tadpole Technology plc intends to rebrand itself under
the Endeavors' name to reflect its focus on a single brand and product set.
For information on Tadpole Technology plc, visit
http://www.tadpoletechnology.com.
About NTT Europe Online
NTT Europe Online provides managed hosting, security and application
management services to businesses globally. These services provide the
reliability, availability, security and scalability needed to underpin
business success online.
NTT Europe Online is certified to ISO27001 for Information Security
Management and, as part of NTT Communications, has the global reach and scale
to support businesses of all sizes. NTT Communications is the global data and
IP services arm of the Fortune Global 500 telecom leader, Nippon Telegraph &
Telephone Corporation (NTT). For further information visit
http://www.ntteuropeonline.com
Web site: http://www.endeavors.com
http://www.tadpoletechnology.com
http://www.ntteuropeonline.com
Endeavors Technologies
Jan Tarzia of Endeavors Technologies Inc., +1-949-296-3998, jtarzia@endeavors.com; or Peter Bondar of Endeavors Technologies Ltd., +44-1845501202, pbondar@endeavors.com
SXC Health Solutions to Present at the Jefferies 2nd Annual Healthcare Conference
LISLE, IL, June 18 /PRNewswire-FirstCall/ -- SXC Health Solutions Corp. ("SXC" or the "Company") , a leading provider of pharmacy benefits management services, announces that Jeff Park, SVP Finance and CFO, will present at the Jefferies 2nd Annual Healthcare Conference in New York City. SXC's presentation will take place on Tuesday, June 24, 2008 at 11:45 am ET.
SXC's presentation will be webcast live. To access the webcast go to: http://www.wsw.com/webcast/jeff26/sxci
About SXC Health Solutions Corp.
SXC Health Solutions Corp. is a leading provider of pharmacy benefits management (PBM) services and Health Care Information Technology (HCIT) solutions to the healthcare benefits management industry. The Company's product offerings and solutions combine a wide range of software applications, application service provider (ASP) processing services and professional services, designed for many of the largest organizations in the pharmaceutical supply chain, such as Federal, provincial, and, state and local governments, pharmacy benefit managers, managed care organizations, retail pharmacy chains and other healthcare intermediaries. SXC is headquartered in Lisle, Illinois with 13 locations in the US and Canada. For more information please visit http://www.sxc.com/.
SXC Health Solutions Inc.
CONTACT: Jeff Park, Chief Financial Officer, SXC Health Solutions, Inc., Tel: (630) 577-3206, investors@sxc.com; Dave Mason, Investor Relations, The Equicom Group Inc., (416) 815-0700 ext. 237, dmason@equicomgroup.com; Susan Noonan, Investor Relations - U.S., The SAN Group, LLC, (212) 966-3650, susan@sanoonan.com
SAND Technology Appoints Zainab Ahmed Schwartz as CFOFormer Quebecor World Inc. Director of Internal Controls Adds to SAND's Executive Strength
MONTREAL, June 18 /PRNewswire-FirstCall/ -- SAND Technology Inc. (BULLETIN BOARD: SNDTF) , an international provider of intelligent enterprise information management software, today announced that Zainab Ahmed Schwartz has joined the firm as Chief Financial Officer and Vice President, Finance and Administration. The previous CFO, Gilles Therrien, relinquished these positions in order to pursue his career in another industry.
"I am most sorry to be losing Gilles Therrien, whose counsel has been very valuable to me," said Arthur Ritchie, Chief Executive Officer of SAND. "However, the company is privileged to attract a new Chief Financial Officer with the level of ability and experience that Zainab brings to us, and we are confident she will make a strong contribution to our management team."
Before joining SAND, Zainab Ahmed Schwartz was Director of Internal Controls at Quebecor World Inc. Before this, she was employed at Deloitte & Touche LLP, where she specialized in auditing technology and telecommunications clients -- including two of the largest public Canadian telecommunications companies -- as well as private software technology companies. She has extensive experience in matters relating to compliance with business regulations in both the US (Sarbanes-Oxley) and Canada.
Zainab Ahmed Schwartz holds a Graduate Diploma in Accountancy from Concordia University in Montreal, along with a Bachelor of Commerce degree from McGill University. She is a member of the Institute of Chartered Accountants of Ontario.
About SAND Technology
SAND is an international provider of intelligent information management software. The SAND/DNA product suite scales to help any size enterprise cope with exploding data requirements, now and into the future. SAND/DNA Access allows for retaining all potentially relevant data in a tiny footprint while providing instant access to just what's required. SAND/DNA Analytics allows for complex what-if analysis to meet any planned and unplanned business need.
SAND/DNA solutions include CRM analytics, and specialized applications for government, healthcare, financial services, telecommunications, retail, transportation, and other business sectors. SAND/DNA has achieved "Certified for SAP NetWeaver" status and SAND Nearline Integration Controller has achieved "Powered by SAP NetWeaver" status.
SAND Technology has offices in the United States, Canada, the United Kingdom and Central Europe.
SAND Technology Inc.
CONTACT: North America, UK-Western Europe Media, Linda Arens of SAND Technology, +1-650-726-7539, pr@sand.com; or German-Central European Press, Richard T. Lane of IMC International Marketing Communications, +49 61 31 - 89 13 89, lane@imc-pr.de, for SAND Technology; or Investor Relations, de Jong & Associates, +1-760-943-9065, sndt@dejong.org, for SAND Technology
Web site: http://www.sand.com/
Telecom Industry Divided on Whether the Internet Will 'Break'New industry survey predicts traffic jams on the information superhighway
LAS VEGAS, June 18 /PRNewswire-FirstCall/ -- NXTcomm08 -- Telecommunications professionals are split down the middle on whether increasing bandwidth demands are likely to break the Internet, according to a new survey released today. The survey showed half of respondents saying bandwidth demands will eventually break the Internet, with the other half saying they won't. Of the 51% who see trouble ahead, one out of four think it could happen within two years.
The industry is also increasingly green about energy costs. 69% think energy efficiency is more important than circuit costs when constructing a network.
Straight from the builders themselves
Tellabs and research firm IDC conducted the survey of 372 telecom industry professionals, which tracked respondents' views on Internet use, the challenges providers face, and how those challenges will affect tomorrow's networks. Broadband is integral to the way users work and play and is a vital part of everyday life.
"The findings of this survey make it very plain that bandwidth is not infinite," said Lee Doyle, Group Vice President and General Manager, Network Infrastructure and Security Products and Services, IDC. "Unless there is sufficient investment into new infrastructure, the increased bandwidth demands of new advanced services could well outstrip capacity."
2008 - Keeping the traffic flowing smoothly
The survey reveals that telecommunications professionals:
Are concerned the Internet will "break"
-- 51% are concerned that increasing bandwidth demands will "break" the Internet ;
Think power efficiency "laps" circuit costs
-- 69% say that in a network environment, energy consumption is more important than circuit costs;
Think providers will do what's necessary to clear lanes
-- Of the 80% who identified a way to deal with Internet congestion, 32% think providers address spikes in traffic by prioritizing via packet inspection, while 24% believe that spikes are better handled by charging more for excess bandwidth;
See video as a road hog
-- 43% believe that up to 30% of overall Internet traffic is video today, and 40% expect that to increase to up to 75% in five years;
Believe Europe drives demand for mobile broadband
-- 80% expect that over the next two years, operators will face greater demand for mobile broadband services in Europe than North America;
Predict mobile TV use is in the fast lane
-- 50% say that video puts the biggest bandwidth demand on mobile networks today and 81% say that will still be true in five years.
"Internet access has become essential for millions of Americans and the appetite for bandwidth is putting pressure on service provider networks," said Dan Kelly, executive vice president of global products for Tellabs. "Tellabs solutions enable providers to offer multiple levels of broadband offerings, based on the quality of service and the price that is right for their customers."
Tellabs polled industry professionals at NXTcomm08, the premier industry venue co-owned by the Telecommunications Industry Association (TIA) and the United States Telecom Association (US Telecom). Tellabs conducted the survey on June 17.
About Tellabs
Tellabs advances telecommunications networks to meet the evolving needs of users. Solutions from Tellabs enable service providers to deliver high-quality voice, video and data services over wireline and wireless networks around the world. Tellabs is part of the NASDAQ Global Select Market, Ocean Tomo 300(TM) Patent Index and the S&P 500. http://www.tellabs.com/
Tellabs(R) and Tellabs logo(R) are trademarks of Tellabs or its affiliates in the United States and/or other countries. Any other company or product names mentioned herein may be trademarks of their respective companies.
Tellabs
CONTACT: media, Ariana Nikitas, +1-630-798-2532, ariana.nikitas@tellabs.com, or investors, Tom Scottino, +1-630-798-3602, tom.scottino@tellabs.com, both of Tellabs
Web site: http://www.tellabs.com/
comScore Media Metrix Ranks Top 50 U.S. Web Properties for May 2008Mother's Day Prompts Growth to Flower and Gift Sites, while Summer Vacation Planning Drives Traffic to Travel Sites Google Sites Remains #1 Property
RESTON, Va., June 18 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world, today released its monthly analysis of U.S. consumer activity at the top online properties for May 2008 based on data from the comScore Media Metrix service. Content categories showing gains in May included flowers/gifts/greetings, jewelry/luxury goods/accessories, coupon, and travel sites.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO)
"Mother's Day was a key driver of Web activity in May, as the convenience of online shopping for flowers and gifts drew many to retail sites," commented Jack Flanagan, executive vice president of comScore Media Metrix. "Summer travel was also on Americans' minds this month as warmer weather and the end of the school year spurred vacation planning. With Americans feeling the pocket pinch of soaring gas prices, rising food costs and an unsteady market, scouring the Internet for hot travel deals was essential for many to ensure an affordable summer vacation."
Honoring Mom Drives Traffic to Gift and Retail Sites
Flowers/gifts/greetings sites saw gains with the celebration of Mother's Day on May 11. The category reached 42.4 million visitors, up 15 percent from April, making it the top-gaining category for the month. AmericanGreetings Property led the category with 15.7 million visitors (up 5 percent), followed by Hallmark with 5.5 million visitors (up 23 percent). Proflowers.com ranked third with nearly 5.5 million visitors, representing a 319-percent gain versus April and ranking it as one of the top-gaining properties for the month. The e-cards category also saw traffic increase, as it grew 8 percent to more than 35 million visitors.
Other retail categories gained as a result of Mother's Day, including jewelry/luxury goods/accessories (up 9 percent to 17.5 million visitors) and mall sites (up 9 percent to 29 million visitors). MSN Shopping led the mall category with 7 million visitors, a 25-percent jump from April.
Traffic to Coupon Sites Increases as Economic Concerns Rise
With rising consumer costs affecting many Americans, coupon sites saw their traffic soar in May as people looked for ways of reducing their monthly budgets. The category grew 11 percent to 24.5 million visitors during the month, as each of the top five sites in the category experienced double-digit gains. Coupons, Inc. led the category with 7.2 million visitors (up 20 percent), followed by Eversave.com with 5.2 million visitors (up 13 percent) and CoolSavings.com with more than 5.1 million visitors (up 24 percent).
Summer Vacation Draws Many to Travel Sites
With Memorial Day marking the unofficial beginning of summer and vacation season, several travel categories achieved gains. The travel-information category grew 9 percent to more than 47 million visitors, led by Travel Ad Network with 11.7 million visitors (up 7 percent), Yahoo! Travel with 10 million visitors (up 5 percent), and Tripadvisor Sites with 8.2 million visitors (up 16 percent).
Online travel agent sites grew 7 percent to 45 million visitors, led by Expedia Inc. with 25.4 million visitors (up 8 percent), Travelocity with 12 million visitors (up 10 percent), and Orbitz.com with more than 9 million visitors. Travel - ground/cruise sites also saw an increase, up 6 percent to 11.2 million visitors.
Top 50 Properties
Google Sites maintained its #1 position in the Top Properties ranking, reaching 143.4 million Americans in May. Yahoo! Sites ranked second with nearly 143 million visitors, followed by Microsoft Sites with 121.3 million visitors. Time Warner - Excluding AOL moved up one position to #9 with 56 million visitors. IRS.gov jumped 14 positions to #20 with 31 million visitors, propelled by Americans checking the status of tax refunds and stimulus checks.
Top 50 Ad Focus Ranking
Platform-A continued to lead the Ad Focus ranking, reaching 90 percent of the nearly 191 million Americans online in May. 24/7 Real Media moved up three spots to #15, while Turn, Inc. jumped 6 positions to #26, reaching 39 percent of the online population.
TABLE 1
comScore Top 10 Gaining Properties by Percentage Change in Unique
Visitors* (U.S.)
May 2008 vs. April 2008
Total U.S. - Home, Work and University Locations
Source: comScore Media Metrix
Total Unique Visitors (000)
Rank by
Unique
Apr-08 May-08 % Change Visitors
Total Internet : Total
Audience 190,728 190,858 1 N/A
Proflowers.com 1,301 5,453 319 200
Vonage Holdings Corp 2,202 4,832 119 227
Vlaze Media Networks, Inc. 4,021 7,162 78 153
Discovery.com Sites 8,800 15,473 76 62
IRS.gov 23,354 31,113 33 20
UnitedHealth Group 3,999 5,302 33 203
Infospace Network 7,005 8,988 28 119
Groupe Lagardere 3,738 4,763 27 233
Hollywood.Net - Hollywood
Online Network 6,111 7,665 25 141
Toyota 5,123 6,418 25 172
*Ranking based on the top 250 properties in May 2008
TABLE 2
comScore Top 10 Gaining Categories by Percentage Change in Unique Visitors
(U.S.)
May 2008 vs. April 2008
Total U.S. - Home, Work and University Locations
Source: comScore Media Metrix
Total Unique Visitors (000)
Apr-08 May-08 % Change
Total Internet : Total Audience 190,728 190,858 1
Flowers/Gifts/Greetings 36,729 42,421 15
Coupons 22,063 24,508 11
Travel - Information 43,330 47,272 9
Jewelry/Luxury Goods/Accessories 16,044 17,476 9
Mall 26,641 29,009 9
Lotto/Sweepstakes 27,028 29,293 8
e-cards 32,591 35,319 8
Online Trading 11,071 11,961 8
Online Travel Agents 42,308 45,092 7
Travel - Ground/Cruise 10,546 11,193 6
TABLE 3
comScore Top 50 Properties (U.S.)
May 2008
Total U.S. - Home, Work and University
Locations
Unique Visitors (000)
Source: comScore Media Metrix
Unique Unique
Rank Property Visitors Rank Property Visitors
(000) (000)
Total Internet :
Total Audience 190,858
1 Google Sites 143,389 26 Adobe Sites 28,107
2 Yahoo! Sites 142,925 27 Comcast
Corporation 26,564
3 Microsoft Sites 121,257 28 Yellowpages.com
Network 26,505
4 AOL LLC 111,395 29 Expedia Inc 25,415
5 Fox Interactive 30 Gorilla Nation 24,747
Media 89,424
6 eBay 78,271 31 Bank of America 23,966
7 Wikipedia Sites 59,090 32 Shopzilla.com
Sites 23,937
8 Amazon Sites 58,314 33 United Online, Inc 23,768
9 Time Warner - 34 CBS Corporation 23,456
Excluding AOL 55,930
10 Ask Network 54,563 35 CareerBuilder LLC 22,921
11 New York Times 36 Photobucket.com LLC 22,698
Digital 48,280
12 Apple Inc. 48,050 37 Gannett Sites 22,592
13 Viacom Digital 43,669 38 Monster Worldwide 21,325
14 Glam Media 42,048 39 Demand Media 21,273
15 Weather Channel, The 36,380 40 WordPress 20,015
16 Facebook.com 35,594 41 Real.com Network 19,885
17 CNET Networks 33,142 42 ESPN 18,981
18 craigslist, inc. 31,489 43 E.W. Scripps 18,741
19 Wal-Mart 31,196 44 WebMD Health 18,391
20 IRS.GOV 31,113 45 Hearst Corporation 18,312
21 Superpages.com 46 WorldNow - ABC
Network 30,769 Owned Sites 18,035
22 Target Corporation 29,981 47 Cox Enterprises Inc. 17,853
23 AT&T, Inc. 29,691 48 Answers.com Sites 17,630
24 Verizon Communications 49 WhitePages 17,492
Corporation 29,095
25 Disney Online 28,350 50 iVillage.com: The
Womens Network 17,173
TABLE 4
comScore Ad Focus Ranking (U.S.)
May 2008
Total U.S. - Home, Work and University Locations
Unique Visitors (000)
Source: comScore Media Metrix
Unique Unique
Visitors Reach Visitors Reach
Rank Property (000) % Rank Property (000) %
Total Internet :
Total Audience 190,858 100.0
1 Platform-A** 172,422 90 % 26 Turn, Inc** 74,879 39 %
2 Advertising.com**170,722 89 % 27 MySpace.com* 73,691 39 %
3 Yahoo! Network** 163,626 86 % 28 NNN Total
Newspapers: U.S.71,398 37 %
4 Google Ad 29 Undertone
Network** 158,514 83 % Networks** 70,605 37 %
5 Specific Media** 150,336 79 % 30 YouTube.com 66,218 35 %
6 ValueClick 31 Gorilla Nation
Networks** 145,884 76 % Media 66,152 35 %
7 Tribal Fusion** 141,908 74 % 32 Quigo** 65,816 34 %
8 Yahoo! 141,023 74 % 33 Ybrant Digital-
AdDynamix/
Oridian** 65,642 34 %
9 Google 135,390 71 % 34 eBay.com 63,238 33 %
10 Casale Media ** 35 IAC Ad Solutions -
Network 129,752 68 % Media Partners 58,157 30 %
11 adconion media 36 MSN.com Home
group** 124,760 65 % Page 57,169 30 %
12 DRIVEpm** 123,601 65 % 37 Ask Network 54,563 29 %
13 Traffic 38 Kontera** 53,936 28 %
Marketplace** 121,781 64 %
14 interCLICK** 114,506 60 % 39 MapQuest 48,879 26 %
15 24/7 Real Media**113,626 60 % 40 NNN Top 25 48,660 25 %
16 AOL Media 41 Real Cities
Network 111,395 58 % Network 48,213 25 %
17 MSN-Windows Live 107,710 56 % 42 IB Local
Network 47,668 25 %
18 ADSDAQ by 104,152 55 % 43 Amazon.com 47,446 25 %
ContextWeb**
19 Tremor Media - 44 YuMe Video
Media Partners 103,653 54 % Network -
Media Partners 46,823 25 %
20 Burst Media** 89,450 47 % 45 PrecisionClick**46,461 24 %
21 Collective 46 Business.com
Media** 84,129 44 % Network 46,228 24 %
22 AdBrite** 83,731 44 % 47 Userplane** 44,543 23 %
23 Centro 82,215 43 % 48 Vizi Inc** 44,542 23 %
24 CPX Interactive** 77,459 41 % 49 The Nabbr Network -
Exclusive
Media Partners 40,512 21 %
25 Vibrant Media** 76,155 40 % 50 About 40,301 21 %
Reach % denotes the percentage of the total Internet population that viewed a particular entity at least once in May. For instance, Yahoo! was seen by 74 percent of the more than 190 million Internet users in May.
* Entity has assigned some portion of traffic to other syndicated
entities.
** Denotes an advertising network.
About comScore Media Metrix
comScore Media Metrix provides industry-leading Internet audience measurement services that report details of online media usage, visitor demographics and online buying power for the home, work and university audiences across local U.S. markets and across the globe. comScore Media Metrix reports are used by financial analysts, advertising agencies, publishers and marketers. comScore Media Metrix syndicated ratings are based on industry-sanctioned sampling methodologies.
About comScore
comScore, Inc. is a global leader in measuring the digital world. For more information, please visit http://www.comscore.com/boilerplate
Photo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
comScore, Inc.
CONTACT: Sarah Radwanick of comScore, Inc., +1-312-775-6538, press@comscore.com
Web site: http://www.comscore.com/
New Podcast Series Featuring School District Leaders Serves as Resource for Sharing Expertise in Educational Administration
NEW YORK, June 18 /PRNewswire/ -- Where do school district leaders go when they need advice? To others leading school systems. Now, this sharing is easier than ever with http://www.districtleaderspodcast.org/, a new Web site that provides a lively, informative and easily accessible forum where school superintendents and other educational leaders can share their experiences and expertise on improving schools across the country.
A source for 24/7 professional development, the District Leader's Podcasts are delivered in a flexible format that works with busy schedules of administrators. The series is currently listed on iTunes as "New and Notable" for K-12 Education.
District Leader's Podcast is the only national podcast created expressly for district leaders. Each episode features interviews with district leaders from around the country. New podcasts will be hosted each week by different educational experts from the "front line." A number of noteworthy educational leaders are currently being featured, including:
-- Dr. Jack Bierwirth, superintendent of schools for Herricks School District, New Hyde Park, N.Y.
-- Mr. Henry (Hank) Grishman, superintendent of Jericho (N.Y.) School District
-- Dr. Henry Johnson, former Assistant U.S. Secretary of Education
-- Dr. Rosemary F. Jones, superintendent of Sayville (N.Y.) Public Schools
-- Dr. Lillian Lowery, superintendent of Christina (Del.) School District
-- Dr. Guy Sconzo, superintendent of Humble (Texas) Independent School District
-- Dr. Earl Watkins, superintendent of Jackson (Miss.) Public Schools.
Examples of the topics covered include: Making the Tough Decisions, Improving Student Performance, Urban Education, Trends in Education and Leadership.
"We know from firsthand experience that one of the best ways to improve education is to share ideas about what works best -- and what doesn't. We are excited about the possibilities ahead thanks to this resource," said Arthur Griffin, vice president of McGraw-Hill Education's Urban Advisory Resource.
Dr. Daniel Domenech, former senior vice president of McGraw-Hill Education's Urban Advisory Resource and the newly appointed executive director of the American Association of School Administrators, said, "This new tool will be an asset for school administrators. It will be a portal for sharing helpful information on managing successful districts."
About DistrictPodcast.org
The District Leader's Podcast team is passionate about education and deeply committed to student success. The site serves as a valuable tool for anyone interested in improving America's schools. District Leader's Podcast is sponsored by McGraw-Hill Education's Urban Advisory Resource comprising former education leaders and other experts with extensive experience in managing large school districts. It is produced by TeachersPodcast.org, a professional development resource for educators with an audience of nearly 4 million listeners. Visit http://www.districtleaderspodcast.org/ for more information.
Contacts:
Tom Stanton Melina Metzger
McGraw-Hill Education Paul Werth Associates
(212) 907-3214 (614) 224-8114 Ext. 236
tom_stanton@mcgraw-hill.com mmetzger@paulwerth.com
McGraw-Hill Education
CONTACT: Tom Stanton McGraw-Hill Education +1-212-907-3214 tom_stanton@mcgraw-hill.com Melina Metzger Paul Werth Associates +1-614-224-8114 Ext. 236 mmetzger@paulwerth.com
Web site: http://www.mheducation.com/ http://www.districtleaderspodcast.org/
Verizon's Strigl Says Communications Industry Is Key Force Driving Progress, Commerce and Lifestyles'More' Is What America Demands of its Broadband, Wireless, Video and Global Networks; Verizon's All-Fiber Network Leading the Way
LAS VEGAS, June 18 /PRNewswire/ -- The communications industry is a vital force in the nation's progress, and is positioned to deliver even more innovation, more services, and more safety and security, said Denny Strigl, Verizon's president and chief operating officer, in a keynote address Wednesday (June 18) at the NXTcomm trade show here.
With growth occurring everywhere in network technology, "We think that giving customers the tools to manage their digital lives -- anytime, anywhere, on any device -- may be the most powerful growth opportunity of all," Strigl said.
Reviewing technologies that support video and data, wired and wireless transport, Strigl cited Verizon's FiOS Internet and FiOS TV services, along with the company's advanced wireless services, as examples of the industry's progress.
After announcing that Verizon next week will offer all of its FiOS Internet customers download speeds of 50 megabits per second (Mbps) with 20 Mbps upstream, Strigl looked forward: "We've already had trials of the 100-megabit home, which will be a reality faster than anybody thinks," he said. "We're also pushing the envelope on the speed of the Internet backbone -- with 40-gigabit-per-second speeds a reality today and 100 gigabits in sight.
"These speeds are transforming global businesses the same way fiber is transforming broadband to the home," he said. "New services like virtual reality videoconferencing and on-demand software are helping multinational companies save energy, improve efficiency and manage their global workforce -- and there is much more on the way."
Reinforcing the global nature of modern networking, Verizon Business announced Wednesday that it is expanding and strengthening its unified communications and collaboration services to help multinational companies, faced with dramatically rising travel costs, collaborate better and improve their business processes. Unified communications uses Internet protocol networks to integrate voice, data and video communications and devices, allowing for more effective and efficient communications.
(Note: For more details on the 50Mbps and unified communications announcements, see separate news releases at http://newscenter.verizon.com/press-releases/verizon/2008/verizon-extends.html and http://newscenter.verizon.com/press-releases/verizon/2008/verizon- business-makes.html, respectively. Due to the length of the URL, please copy and paste into your browser.)
Strigl also noted that America leads the world in the number of broadband connections and in choice and competition for broadband services. Furthermore, Verizon's fiber-optic deployment is progressing faster, passing twice as many homes with more fiber customers than exist in all of Europe.
In wireless, too, the U.S. is leading other countries, with more minutes, lower prices and more choice of providers.
"What the U.S. communications industry has achieved in deploying broadband and mobile networks is tremendous," Strigl said. "Unlike most other nations, we've done this not through industrial policy but through private investment. Our industry has grown, delivering innovation that makes a difference in the lives of our customers. The benefits have rippled through the entire economy and up and down the whole supply chain -- creating millions of high-tech jobs and billions of dollars in value.
"'More' is what our industry is delivering to customers and America," Strigl said. 'More' is what Verizon is going to bring to the marketplace this year, next year and every year after that. And 'more' is what broadband and mobile technologies will mean to society as we enter the next phase of the digital revolution."
Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 67 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employed a diverse workforce of approximately 232,000 as of the end of the first quarter 2008 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit http://www.verizon.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
CONTACT: Eric Rabe, +1-908-559-3500, eric.rabe@verizon.com, or Jim Smith, +1-201-618-3346, james.albert.smith@verizon.com, both of Verizon
Web site: http://www.verizon.com/
Company News On-Call: http://www.prnewswire.com/comp/618232.html
Integral Systems' Integrated Solution to Support JCSAT-12Milestone Achieved with 15 Lockheed Martin A2100 Satellites Now Supported by EPOCH IPS
LANHAM, Md., June 18 /PRNewswire-FirstCall/ -- Integral Systems, Inc. , today announced a contract with Lockheed Martin Commercial Space Systems (LMCSS) to expand JSAT Corporation's existing EPOCH IPS (Integrated Product Suite)-based ground system to support their new JCSAT-12 satellite, a Lockheed Martin A2100AX spacecraft planned for launch in 2009.
This upgrade extends the existing EPOCH ground system, originally delivered to support JCSAT-9, -10, and -11, to support JCSAT-12 as part of an integrated, comprehensive system. The contract includes all telemetry and command processing, display, ranging, flight dynamics, and equipment status and control to enable JSAT to safely and effectively operate JCSAT-12. Integral's past performance, industry leading software products, including both EPOCH IPS and COMPASS Network Manager from Newpoint Technologies (an Integral subsidiary), and the ease with which the current system can be expanded to support JCSAT-12 were key aspects of this contract award.
"We are extremely pleased to once again be working with LMCSS and JSAT, and look forward to building on the success of the previous JSAT programs," said James Kramer, Vice President of Commercial Programs at Integral Systems. "JSAT and LMCSS are both industry leaders, and we appreciate that they have both repeatedly selected Integral and our EPOCH IPS-based solutions for their satellites."
"It's comforting to be working with a known partner on such an important project," said Rick Smith, Director of Lockheed Martin Commercial Space Systems Supply Chain Management. "Providing a perfect satellite to our customers is always the mission at LMCSS, and having proven solutions for tough requirements, ensures that our team will put its best efforts forward to serve our JSAT customer."
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: James Kramer, Vice President, Commercial Programs of Integral Systems, Inc., +1-301-731-4233, Fax: +1-301-731-9606; or Shany Seawright of Strategic Communications, +1-240-485-1081, sseawright@gotostrategic.com
Web site: http://www.integ.com/
Glu and SEGA Team Up to Bring the Beijing 2008 Olympic Games to Mobile
LONDON, June 18 /PRNewswire/ -- Glu Mobile Inc. (Nasdaq: GLUU), a leading global publisher of mobile
games, today announced a partnership with SEGA(R) Europe Ltd. to publish
Beijing 2008(TM) - The Official Mobile Phone Game of the Olympic Games and
Sonic at the Olympic Games(TM) throughout EMEA, Australia and New Zealand.
Developed by SEGA, Beijing 2008(TM) will bring all the excitement of the
Olympic Games to mobile audiences. Featuring four events, with an authentic
look and feel, Beijing 2008(TM) will give mobile owners the chance to enjoy
the "Olympic Spirit" for themselves, with control schemes accessible for
novices and experienced gamers alike. This partnership between Glu and SEGA
follows the success of previous SEGA titles developed and published by Glu
for mobile phones.
"We're delighted to bring the official game of the Beijing 2008 Olympic
Games to the mobile platform," said Frank Keeling, Managing Director of
Publishing: EMEA, Glu. "Publishing the Official Mobile Phone Games for the
world's premier sports event is a source of huge pride for us, and it
furthers our excellent relationship with SEGA."
"Combining an enjoyable game with a truly global sporting license will
provide a fantastic sports game experience for gamers everywhere," stated
Gary Knight, Marketing Director of SEGA Europe Ltd. "We're extremely happy to
continue our thriving partnership with Glu, which continues to deliver
fantastic franchises for the mobile phone game format."
About Glu Mobile
Glu (NASDAQ:GLUU) is a leading global publisher of mobile games. Founded
in 2001, Glu is based in San Mateo, Calif. and has offices in London, France,
Germany, Spain, Italy, Sweden, Poland, Russia, Hong Kong, China, Brazil,
Chile, Canada and San Clemente, Calif. Consumers can find high-quality, fresh
entertainment created exclusively for their mobile phones wherever they see
the 'g' character logo or at http://www.glu.com.
About ISM
ISM is active in managing and developing entertainment software applications.
In addition to the exclusive interactive entertainment software rights
ownership of the Olympic Games, ISM is one of the world's leading providers
of sports fantasy games, particularly specializing in the football/soccer
sector. Visit the company's website at http://www.ismltd.com.
TM IOC. Copyright (c) 2008 International Olympic Committee ("IOC"). All
rights reserved.
Glu Mobile
Press Contact: Dean Driscoll, Indigo Pearl, +44(0)20-8-964-4545, Dean@indigopearl.com
FOX Business Network to Air on XM Satellite Radio
NEW YORK and WASHINGTON, June 18 /PRNewswire-FirstCall/ -- FOX Business Network (FBN) and XM Satellite Radio today announced that FBN will begin airing nationwide on XM on July 14. XM, the nation's leading satellite radio company with more than 9.3 million subscribers, will air FBN across the U.S. on XM channel 128.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070313/XMLOGO )
In making the joint announcement, XM executive vice president of programming Eric Logan said, "FOX Business brings a great line-up of business news and analysis for XM listeners nationwide. This is the latest milestone in a long and productive partnership between FOX News and XM."
Kevin Magee, executive vice president, FOX News, added, "FOX News and FOX News Talk are two popular XM radio channels and we are pleased to offer this additional service for listeners. With XM radio, people can access FOX Business and track their investments, wherever they are."
Launched in October 2007, FBN is a financial news channel delivering real-time business news across all platforms that impact both Main Street and Wall Street. Home to leading financial journalists such as Neil Cavuto, Alexis Glick, David Asman and Liz Claman, FBN is the latest addition to XM's 170-plus radio channels, which include FOX News (XM 121) and FOX News Talk (XM 168).
About XM
XM is America's number one satellite radio company with more than 9.3 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City, Chicago, Nashville, Toronto and Montreal, XM's 2008 lineup includes more than 170 digital channels of choice from coast to coast: commercial-free music, premier sports, news, talk radio, comedy, children's and entertainment programming; and the most advanced traffic and weather information.
XM, the leader in satellite-delivered entertainment and data services for the automobile market through partnerships with General Motors, Honda, Hyundai, Nissan, Porsche, Ferrari, Subaru, Suzuki, and Toyota, is available in 140 different vehicle models for 2008. XM's industry-leading products are available at consumer electronics retailers nationwide. XM programming is also available through XM Radio Online, as downloads of original XM shows via podcasts from XM's Web site or the Apple's iTunes Store, and as streams of commercial-free XM music channels to AT&T and Alltel wireless customers through XM Radio Mobile. For more information about XM hardware, programming and partnerships, please visit http://www.xmradio.com/.
About FOX Business Network
FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York-the business capital of the world-FBN launched in October 2007 and is available in more than 35 million homes in major markets across the United States. Owned by News Corp, the network has bureaus in Chicago, Los Angeles, Silicon Valley, Washington, DC and London. On the web at http://www.foxbusiness.com/ .
Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include demand for XM Satellite Radio's service, the Company's dependence on technology and third party vendors, its potential need for additional financing, as well as other risks described in XM Satellite Radio Holdings Inc.'s Form 10-K filed with the Securities and Exchange Commission on 2-28-08. Copies of the filing are available upon request from XM Radio's Investor Relations Department. Programming is subject to change.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070313/XMLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
XM
CONTACT: David Butler of XM Satellite Radio, +1-202-380-4317, david.butler@xmradio.com; or Jocelyn Austin of FOX Business, +1-212-301-3531, jocelyn.austin@foxbusiness.com
Web site: http://www.xmradio.com/ http://www.foxbusiness.com/
Penn State University, The Dickinson School of Law Helps Sonic Foundry Surpass 1000th Customer MarkOne of America's oldest law schools chooses Mediasite for new law school facilities
MADISON, Wis., June 18 /PRNewswire-FirstCall/ -- Sonic Foundry, Inc. , the recognized market leader for rich media webcasting and knowledge management, today acknowledged its 1000th customer when Penn State University, The Dickinson School of Law selected Mediasite for lecture capture. With this announcement, Sonic Foundry now boasts customer deployments of Mediasite, its rich media lecture capture platform, in more than 40 countries and serving upwards of 600 colleges and universities.
Mediasite will be a key addition to Penn State Dickinson's new, $120 million unified law school facilities located at University Park and in Carlisle, featuring state-of-the-art courtrooms, classrooms, conferencing facilities, hearing rooms, reading rooms, gathering spaces, and an auditorium designed for law school as well as public use. Mediasite will provide real-time webcast delivery from building to building and to external audiences.
"Penn State Dickinson is delighted to have been recognized as Sonic Foundry's 1000th customer. We chose Mediasite after careful consideration of its current features, the direction of its future development and, in particular, with respect to the ease of scheduling and handling of recordings. The system's cross-platform compatibility, by virtue of moving entirely to Microsoft's new Silverlight technology, also played a significant role in the decision," said John Davie, director of Instructional and Information Technology at Penn State Dickinson.
Mr. Davie continued, "In alignment with the school's philosophy of advantaging students wherever possible through appropriate exposure to technology -- as is increasingly being requested by the courts and forward-looking law firms -- the new Mediasite systems will further enhance our students' learning experience in an already technology-rich environment."
"Marking this milestone with one of the most distinguished law schools in the country is an honor to Sonic Foundry, and a testament to the impact we're making in higher education," said Rimas Buinevicius, chairman and CEO of Sonic Foundry. "The new Dickinson facility reflects the ongoing momentum for colleges and universities around the globe to capture lectures, improve student performance and connect with alumni via Mediasite."
Since its introduction in 2003, Sonic Foundry's Mediasite has set the standard as a transformational communication medium for delivering critical information and sharing knowledge. Trusted by more than 500 colleges and universities, the patented Mediasite webcasting and content management system quickly and cost-effectively automates the capture, management, delivery and search of rich media presentations that combine audio, video and accompanying graphics for live or on-demand viewing.
About Sonic Foundry(R), Inc.
Founded in 1991, Sonic Foundry is the recognized market leader for rich media webcasting and knowledge management, providing education and training solutions and services that link an information-driven world. Based in Madison, Wisconsin, the company has received numerous awards including the 2007 Frost & Sullivan Global Market Leadership Award, Ziff Davis Media's Baseline Magazine's sixth fastest-growing software company with sales under $150 million and Deloitte's Technology Fast 500. Named a Bersin & Associates 2007 Learning Leader, Sonic Foundry's webcasting and knowledge management solutions are trusted by education institutions, Fortune 500 companies and government agencies for a variety of critical communication needs. Sonic Foundry is changing the way organizations communicate via the web and how people around the globe receive vital information needed for education, business, professional advancement and safety. Product and service names mentioned herein are the trademarks of Sonic Foundry, Inc. or their respective owners.
Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for Sonic Foundry's products, its ability to succeed in capturing significant revenues from media services and/or systems, the effect of new competitors in its market, integration of acquired business and other risk factors identified from time to time in its filings with the Securities and Exchange Commission.
Sonic Foundry, Inc.
CONTACT: Tammy Kramer of Sonic Foundry, Inc., +1-608-237-8592, tammyk@sonicfoundry.com
Web site: http://www.sonicfoundry.com/
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