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Companies news of 2008-06-20 (page 2)

  • Somerset County Residents Named Verizon Wireless HopeLine(R) ScholarsRutgers University's...
  • Sonus Networks Sends Response to Legatum Capital
  • Global Med Technologies(R), Inc. Secures $6 Million Credit Facility From Silicon Valley...
  • [video] WallSt.net's '3 Minute Press Show' Features Executive Interviews and Highlights...
  • Autodesk Closes Moldflow Tender Offer and Expects to Complete Acquisition Promptly
  • Alcatel-Lucent and SpeedCast Limited Team Up to Launch the First Hosted DVB-H Mobile TV...
  • Alcatel-Lucent and SpeedCast Limited Team Up to Launch the First Hosted DVB-H Mobile TV...
  • Top-tier China Suppliers Benefiting from Economic Slowdown
  • ING Life Korea Implements TIBCO SOA and BPM Software to Help Optimize Business Processes...



    Somerset County Residents Named Verizon Wireless HopeLine(R) ScholarsRutgers University's Center on Violence Against Women & Children Awards First HopeLine Scholarships to Graduate Students Assisting Victims of Domestic Violence

    MORRISTOWN, N.J., June 20 /PRNewswire/ -- Somerset County residents Rupa Khetarpal and Amanda Mathisen, recently completed studies at Rutgers University School of Social Work where they were named 2008 Verizon Wireless HopeLine(R) Scholars.

    Funded by a $100,000 Verizon Wireless grant, the Verizon Wireless HopeLine Scholarship Fund was created in conjunction with the Center on Violence Against Women & Children to recognize outstanding Rutgers University graduate students enrolled in the Master of Social Work (MSW) specialization on violence against women and children, the first such program in the country. Income generated by the endowment will be used to award scholarships, annually, to at least three students.

    Khetarpal, a resident of Basking Ridge, N.J., received the award for her research on "Carrying the Burden of Shame, Rape: A Weapon of War." She also was recognized for her field work as counselor, advocate and educator at the Morris County Prosecutor's Office and Morris County Sexual Assault Center while studying for her Masters at the School of Social Work.

    Fellow recipient Amanda Mathisen, of Skillman, N.J., received the award for her research on "Achieving Economic Self-Sufficiency" and her direct work with families and children traumatized by violence in the home.

    Khetarpal and Mathisen joined a third scholarship recipient, Kristin Dunne of Pompton Plains, N.J., and Rutgers School of Social Work leaders last month at the Verizon Wireless HopeLine Scholars Colloquium in New Brunswick to present the results of their semester-long research.

    Rutgers School of Social Work is one of the largest social work programs in the country. This groundbreaking scholarship on violence against women and children will help prepare future social work professionals to work as executives or advocates in domestic violence and sexual assault organizations nationwide.

    "We are thrilled that Rupa and Amanda are two of our first ever MSW students to receive these scholarships," said Judy Postmus, director of the Center on Violence against Women & Children at Rutgers School of Social Work. "They will set the standard for other students to learn about and work with survivors of physical and sexual violence."

    The Verizon Wireless donation was made possible through the company's HopeLine phone recycling program, which collects no-longer-used wireless phones at its Communications Stores throughout New Jersey and nationwide. The phones are refurbished, recycled or sold and the proceeds are used to provide wireless phones and cash grants to local shelters and non-profit organizations that focus on domestic violence prevention and awareness. Phones that cannot be refurbished are disposed of in an environmentally sound manner.

    Verizon Wireless was the first wireless carrier in the nation to collect and recycle old cell phones and has done so since January 1999, first in New Jersey and then across the U.S. Nationally, the HopeLine program has collected more than 4.5 million wireless phones and given nearly $5 million in cash grants to domestic violence prevention organizations.

    In addition to a successful phone recycling program and funding for non-profit domestic violence prevention organizations, HopeLine includes free wireless service and voice mailboxes for survivors, community and corporate awareness initiatives, and a bilingual "Invest in Yourself" program designed to help survivors re-enter the workforce.

    HopeLine phone donations also are accepted at all Verizon Wireless Communications Stores in New Jersey and across the nation. For store locations and additional information, visit http://www.verizonwireless.com/hopeline.

    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 .

    About Rutgers University, School of Social Work and the Center on Violence Against Women & Children

    Rutgers, The State University of New Jersey, is the premier public university of New Jersey and one of the oldest and most highly regarded institutions of higher education in the nation. With nearly 50,000 students and over 9,000 faculty and staff on its three campuses in Camden, Newark, and New Brunswick, Rutgers is a vibrant academic community committed to the highest standards of teaching, research, and service. Established in 1954, the School of Social Work has a distinguished record of instruction, research, and public service. Classes were first offered during the Depression to meet the state's need for social workers. Today, the school offers undergraduate and graduate-professional degree programs, holds classes on Rutgers' three regional campuses, and is affiliated with more than 800 social service agencies throughout the New Jersey/New York metropolitan area. The mission of the Center on Violence against Women & Children is to strive to eliminate physical, sexual, and other forms of violence against women and children and the power imbalances that permit them. This mission will be accomplished through the use of a collaborative approach that focuses on multidisciplinary research, education, and training that impacts communities and policy in New Jersey, the U.S., and throughout the world. The Center on Violence against Women & Children is part of Rutgers University, School of Social Work, and the Institute for Families. For more information, please visit http://vawc.rutgers.edu/

    Verizon Wireless

    CONTACT: David Samberg, Verizon Wireless, +1-845-365-7212,
    david.samberg@verizonwireless.com; Carl Blesch, Rutgers University,
    +1-732-932-7084 x616, cblesch@ur.rutgers.edu

    Web site: http://www.verizonwireless.com/
    http://vawc.rutgers.edu/
    http://www.verizonwireless.com/hopeline




    Sonus Networks Sends Response to Legatum Capital

    WESTFORD, Mass., June 20 /PRNewswire-FirstCall/ -- Sonus Networks , a market leader in IP communications infrastructure, announced today that it has sent the communication set forth below, to Legatum Capital in response to Legatum's letter to Sonus, dated June 18, 2008.

    June 20, 2008 BY ELECTRONIC TRANSMISSION Mark Stoleson President Legatum Limited Level 9, Convention Center 71082 Dubai United Arab Emirates Dear Mark,

    As I have previously communicated to you, the Sonus Board of Directors values Legatum's input and appreciates your continued support of the Company. However, we were very disappointed in your letter and press release of June 18, 2008, because they are filled with mischaracterizations and misstatements.

    You have misconstrued our offer to appoint a qualified Legatum designee to our Board of Directors subject to: (1) that individual being qualified by our Nominating Committee consistent with the Company's established practices; and (2) Legatum's willingness to enter into a shareholder agreement with the Company containing a customary standstill provision to address legitimate concerns of the Company. While it is true that any shareholder may nominate individuals to the Board of Directors consistent with the procedures set forth in the Company's Bylaws, we offered to create a specific Board seat and add a Legatum designee to our Board on the terms set forth above. There is a significant difference between a shareholder nominating a candidate for election at an annual meeting, and the Company actually appointing a shareholder's designated person to the Board of Directors. To the extent you did not understand this distinction, we hope this letter clarifies that the Board continues to be willing to make a significant concession to you in this regard on the terms described above.

    We are surprised at Legatum's resistance to a shareholder agreement containing a customary standstill provision. As a member of the Board of Directors, your designee would have access to material nonpublic information of the Company. A standstill provision provides certainty and stability by preventing Legatum from exploiting its favorable position and significant ownership by engaging in coercive, unfair or abusive tactics that are not in the best interests of all shareholders. Contrary to your assertions, the standstill provision would not limit any action taken by your designee acting in his capacity as a director of the Company consistent with his fiduciary duties to the Company and all shareholders.

    You also mischaracterize as discriminatory, and a means of entrenchment, the Board's requirement to review the source of funds for Legatum, or whatever entity or person is the actual holder of shares of the Company, in connection with appointing a Legatum designee to our Board. This is disingenuous and ignores the unique characteristics of the Company, its products and place within the national security infrastructure of the United States, as well as the foreign nature of the Legatum family of investment funds. First, we believe, and you understand, that the Company plays a critically important role in the communications infrastructure of the United States. Our customers include the largest telecommunications companies in the country. As a result, the Company is sensitive to the security and integrity of this critical infrastructure. Second, we currently do not know, and you have yet to provide us information about, what fund or funds actually own shares of our Company and the source of the funds used to purchase these shares.

    In your most recent Schedule 13D/A filed on June 19, 2008, the following continue to be listed as the beneficial owners of the Company's common stock: Galahad Securities Limited, Legatum Capital Limited, Legatum Global Holdings Limited, Legatum Global Investment Limited, and Senate Limited, acting on behalf of that certain trust formed under the laws of The Cayman Islands as of 1 July 1996. In your letter to the Company dated June 13, 2008, wherein you disclosed your intention to file a notice with both the U.S. Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice, well after you were required to do so under, and in clear violation of, the Hart-Scott-Rodino Antitrust Improvements Act of 1976, your counsel notified the Company that the acquiring entity of its common stock is Galahad Securities Limited, and that Galahad Securities Limited is an entity affiliated with another acquiring person, Christopher Chandler. And in your June 18 letter, you identify Legatum Limited as the Company's "major shareholder."

    Mark, who actually owns and controls our stock, Legatum? Galahad? Christopher Chandler? Senate Limited? Or is it one or more of the other offshore funds you control? More importantly, given the unique geopolitical and security environment in which we operate, our place in the national security infrastructure of the United States and your foreign characteristics, why are you refusing to provide us with the information we need to assure our customers that your new role will not jeopardize their interests? Surely, you must recognize the Board's fiduciary obligation to understand the Legatum entities and its source of funds prior to appointing a Legatum designee to the Board.

    Your operating base in Dubai, United Arab Emirates, the foreign jurisdiction of each fund you purport to manage and your ownership interest in the Company, when combined with our sensitive and critical position in the national communications infrastructure, as well as our unique customer base, does indeed result in your deserving of special treatment prior to joining the Board. Our other significant shareholders and directors do not share your unique characteristics. To mischaracterize this under the rubric of "entrenchment" unfortunately ignores the reality in which you and we must conduct business.

    We were encouraged to learn this morning that you intend to make a voluntary filing with the Committee on Foreign Investment in the United States (CFIUS) under the Exon-Florio Amendment to the Defense Production Act of 1950 in conjunction with your ownership in the Company. We trust that you will follow through with the CFIUS filing and request that you provide us with the same information.

    Your suggestion that we had an obligation "to supplement [our] proxy materials to reflect the recent material management and Board changes and send out new proxy cards" is also misleading. As we have previously disclosed in our public filings, our Board has selected Dr. Richard Nottenburg to become our Chief Executive Officer. As is customary, and as we also announced publicly, he has joined our Board of Directors. Furthermore, in connection with Rich Nottenburg's hiring, we separated the roles of Chairman of the Board and CEO, which was one of the corporate governance suggestions made by Legatum.

    There is no legal or other requirement that compels the Company to seek or obtain shareholder approval or to supplement the proxy materials for these appointments. Rich Nottenburg is not a candidate for election at this year's annual meeting, therefore, no amendment of the proxy card is necessary. The Board appointed Rich Nottenburg to fill the seat vacated by Mr. Notini, who resigned from the Board last year and whose term would have expired in 2009. Consistent with our Bylaws, Rich Nottenburg will hold his board seat for Mr. Notini's unexpired term and shareholders will be able to vote on Rich Nottenburg's election to the Board at the 2009 Annual Meeting.

    Under Delaware law and our charter and bylaws, the Board of Directors, not the shareholders, have the authority and responsibility to manage the business and affairs of the Company. Appointing management is one manifestation of this critical role. To infer that there is a duty to submit a decision regarding the hiring of executive management to a shareholder vote is misleading to our other shareholders and unhelpful if you truly want to work constructively with the Board of Directors.

    You also disingenuously suggest that the Company has ignored your suggested proposals. To the contrary, the Company has considered these proposals, many of which have been inappropriate and reflect a lack of appreciation of our business and best corporate governance practices:

    -- That Sonus acquire a small IP PBX company to compete with Cisco and Avaya in the enterprise market, which is a mature market that has already undergone consolidation;

    -- That Sonus engage in a highly dilutive transaction to acquire a marginal software company;

    -- That, following such an acquisition, Sonus hire as its CEO the software company's CEO, who has never led a public company and would not have been an appropriate candidate; and

    -- That Sonus allow Legatum to appoint two directors to the Board without knowing the identity or qualifications of the candidates and in circumvention of the Board's established standards and policies with respect to board appointments. Moreover, Legatum had initially indicated that it would nominate industry experts to enhance the skill set of the Board for the benefit of all shareholders. However, Legatum then simply nominated you and another Legatum executive in what can only be perceived as a self-serving undertaking.

    While the Board continues to support your submission of a qualified candidate to the Board and to review your corporate governance proposals, the Board has significant concerns whether Legatum understands Sonus' business and the industry in which it operates and appreciates the importance of the Board's compliance with best corporate practices and its established procedures in fulfilling its fiduciary obligations.

    In light of the fact that you, not the Company, issued a press release and brought the discussions into the public eye, your statement that "[I]t would be in everyone's best interests if we can find a way to avoid taking this discussion public..." appears hypocritical.

    Now that you have brought the discussion into the public eye, we believe that it is vital for both the Company and Legatum to be completely transparent. We have nothing to hide. Our performance is a matter of public record, and we intend to continue to be transparent. We only ask that you do the same. We again ask that you give us the information we request so that we can confirm that there is no national security issue or concern related to foreign government or foreign control in connection with your "major shareholder" status in our Company.

    We continue to welcome Legatum's participation on the Company's Board subject to the conditions we have described and are prepared to commence the process of qualifying your designee and reviewing the information we have requested.

    We remain willing to meet with you to discuss these issues in person, as well as negotiating and executing a mutually satisfactory shareholder agreement. Please contact Rich Nottenburg to arrange a mutually convenient time for such a meeting.

    Yours sincerely, Hassan M. Ahmed Chairman of the Board of Directors cc: Sonus Board of Directors Wilmer Cutler Pickering Hale and Dorr Manatt Phelps & Phillips About Sonus Networks

    Sonus Networks, Inc. is a market leader in IP communications infrastructure for wireline and wireless service providers. With its comprehensive IP Multimedia Subsystem (IMS) solution, Sonus addresses the full range of carrier applications, including residential and business voice services, wireless voice and multimedia, trunking and tandem switching, carrier interconnection and enhanced services. Sonus' voice infrastructure solutions are deployed in service provider networks worldwide. Founded in 1997, Sonus is headquartered in Westford, Massachusetts. Additional information on Sonus is available at http://www.sonusnet.com/.

    This release may contain forward-looking statements regarding future events that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to Item 1A "Risk Factors" of Sonus' Quarterly Report on Form 10-Q for the period ended March 31, 2008, filed with the SEC, which identifies important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Risk factors include among others: the impact of material weaknesses in our disclosure controls and procedures and our internal control over financial reporting on our ability to report our financial results timely and accurately; the unpredictability of our quarterly financial results; risks and uncertainties associated with the Company's restatement of its historical stock option granting practices and accounting including regulatory actions or litigation; risks associated with our international expansion and growth; consolidation in the telecommunications industry; and potential costs resulting from pending securities and patent litigation against the Company. Any forward-looking statements represent Sonus' views only as of today and should not be relied upon as representing Sonus' views as of any subsequent date. While Sonus may elect to update forward-looking statements at some point, Sonus specifically disclaims any obligation to do so, except as required by law.

    Sonus is a registered trademark of Sonus Networks, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

    For more information, please contact: Investor Relations: Media Relations: Ruder Finn for Sonus: Jocelyn Philbrook Lucy Millington Ed Harnaga 978-614-8672 978-614-8240 212-593-6361 jphilbrook@sonusnet.com lmillington@sonusnet.com harnagae@ruderfinn.com

    Sonus Networks

    Contact: Investor Relations: Jocelyn Philbrook, +1-978-614-8672,
    jphilbrook@sonusnet.com, or Media Relations: Lucy Millington, +1-978-614-8240,
    lmillington@sonusnet.com, both of Sonus Networks; or Ed Harnaga of Ruder Finn
    for Sonus Networks, +1-212-593-6361, harnagae@ruderfinn.com

    Web site: http://www.sonusnet.com/




    Global Med Technologies(R), Inc. Secures $6 Million Credit Facility From Silicon Valley Bank for Inlog AcquisitionLoan Facility Paves Way for Inlog Closing by End of Month

    DENVER, June 20 /PRNewswire-FirstCall/ -- Global Med Technologies(R), Inc. ("Global Med" or the "Company") (BULLETIN BOARD: GLOB) , an international e-Health, medical information technology company, today announced it has secured a $6 million credit facility from Silicon Valley Bank (SVB), a leading provider of diversified financial services to companies in the technology, life science, private equity and premium wine industries. The capital will be used to complete its acquisition of Inlog, SA, Inlog, SAS, and its German subsidiary ("Inlog"), a private European medical software firm.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20040226/GLOBALMEDLOGO )

    Chairman and CEO of Global Med Technologies, Inc., Michael I. Ruxin, M.D., stated, "We are very pleased that Silicon Valley Bank has worked closely with us to facilitate this loan so quickly. SVB's unique understanding of emerging growth and established technology companies made the transaction process very smooth. Its focus on specialized markets and extensive knowledge of the people and business issues driving them provide a level of service and partnership we looked for in a financial institution." Dr. Ruxin continued, "Global Med is looking forward to completing the Inlog acquisition and realizing our ability to provide products and services that contribute to world health on a global scale."

    "Silicon Valley Bank is proud to be Global Med's financial partner," said Ryan Incorvaia of Silicon Valley Bank's Colorado office. "We're pleased we can provide the company the resources it needs to execute its global strategy."

    About Silicon Valley Bank

    Silicon Valley Bank is the premier commercial bank for emerging, growth and mature companies in the technology, life science, private equity and premium wine industries. SVB provides a comprehensive suite of financing solutions, treasury management, corporate investment and international banking services to its clients worldwide. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients' success. Founded in 1983 and headquartered in Santa Clara, California, the company serves clients around the world through 27 U.S. offices and five international operations. Silicon Valley Bank is a member of global financial services firm SVB Financial Group , with SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services. More information on the company can be found at http://www.svb.com/.

    About Global Med Technologies, Inc.

    Global Med Technologies(R), Inc. is an international e-Health medical information technology company providing information management software products and services to the healthcare industry. Its Wyndgate Technologies(R) division is a leading supplier of information management systems to U.S. and international blood centers and hospital transfusion centers. Each year, Wyndgate's products and services manage more than eight million blood components, representing over 27% of the U.S. blood supply. Wyndgate's products are also being used in Canada, Africa, and the Caribbean. Wyndgate's software provides Vein-to-Vein(R) tracking from donor collection to patient transfusion through its Donor Doc(TM) interactive donor health history questionnaire, ElDorado Donor(TM) and SafeTrace(R) donor management systems, to its SafeTrace Tx(R) advanced transfusion management system. Global Med's PeopleMed(R), Inc. subsidiary provides custom software validation, consulting and compliance solutions to hospitals and blood centers. PeopleMed's in-depth knowledge of Wyndgate's products and the blood banking industry results in cost-effective validation services, which leads to more efficient software implementations and upgrades for our customers.

    For more information about Global Med's products and services, please call 800-WYNDGATE or visit http://www.globalmedtech.com/, http://www.peoplemed.com/ and http://www.wyndgate.com/.

    Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve. SVB Private Client Services is a division of Silicon Valley Bank. SVB Financial Group is also a member of the Federal Reserve.

    This news release may include statements that constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expects" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this news release.

    Photo: http://www.newscom.com/cgi-bin/prnh/20040226/GLOBALMEDLOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Global Med Technologies, Inc.

    CONTACT: Michael I. Ruxin, M.D., of Global Med Technologies, Inc.,
    +1-303-238-2000, mick@globalmedtech.com; or investors, Paul Holm, President of
    portfoliopr.inc, +1-212-888-4570, paulh@portfoliopr.biz, for Global Med
    Technologies, Inc.

    Web site: http://www.globalmedtech.com/
    http://www.svb.com/
    http://www.peoplemed.com/
    http://www.wyndgate.com/




    [video] WallSt.net's '3 Minute Press Show' Features Executive Interviews and Highlights Recent Press for the Following: DTG, WYNX, WPUR, NTNI, ISYS, CCNI

    NEW YORK, June 20 /PRNewswire-FirstCall/ -- WallSt.net's 3-Minute Press Show is a daily video program hosted by WallSt.net reporter, Tracee Tolentino.

    Shows air Monday through Friday on: http://tv.wallst.net/.

    WallSt.net's 3-Minute Press Show features in-depth interviews with public company executives on their company and most recent press releases. The show is designed to provide viewers with insight into a company's most recent press release, and its impact on the company's growth.

    The following executives were interviewed on today's show:

    Charlie Coniglio, VP of E-Commerce and Global Distribution for Dollar Rent-A-Car, a subsidiary of Dollar Thrifty Automotive Group, Inc. (http://www.dtag.com/).

    To view this clip in its entirety, visit: http://www.tv.wallst.net/r/3-minute-press/ChrisPayne/116/548

    Bill Clough, President and CEO of Waytronx, Inc. (BULLETIN BOARD: WYNX) (http://www.waytronx.com/).

    To view this clip in its entirety, visit: http://www.tv.wallst.net/r/3-minute-press/westcoastflash/116/549

    Paul Lipschutz, Chairman of WaterPure International, Inc. (BULLETIN BOARD: WPUR) (http://www.waterpureinternational.com/) To view this clip in its entirety, visit:

    http://www.tv.wallst.net/r/3-minute-press/wsdave/116/552

    Tim Connolly, Chief Executive Officer of Natural Nutrition, Inc. (BULLETIN BOARD: NTNI) (http://www.csibusinessfinance.com/) To view this clip in its entirety, visit:

    http://www.tv.wallst.net/r/3-minute-press/emceecooper/116/550

    James Kramer, VP of Commercial Programs for Integral Systems, Inc. (http://www.integ.com/) To view this clip in its entirety, visit:

    http://www.tv.wallst.net/r/3-minute-press/michelle/116/551

    Glenn Welstad, Chairman and CEO of Command Center, Inc. (BULLETIN BOARD: CCNI) (http://www.commandonline.com/) To view this clip in its entirety, visit:

    http://www.tv.wallst.net/r/3-minute-press/JimmyCaplan/116/553 About WallStreet Direct, Inc.

    WallStreet Direct, Inc. a wholly-owned subsidiary of Financial Media Group, Inc. (BULLETIN BOARD: FNGP) , owns and operates WallSt.net (http://www.wallst.net/), a leading source of up-to-the-minute business news, comprehensive financial tools and original multimedia content for the investment community. In addition to WallSt.net, WallStreet Direct owns and operates WallStRadio (http://radio.wallst.net/) an online hub for business podcasts from well-known business news personalities and publishers, and WallStTV (http://tv.wallst.net/), a hub for business and finance video content. We have received nine hundred ninety five dollars from Natural Nutrition, Inc. for media and advertising services. To read our full disclaimer, and for a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.php.

    Contact WallSt.net 800-4-WALLST

    WallStreet Direct, Inc.; Dollar Thrifty Automotive Group, Inc.;

    CONTACT: WallSt.net, 1-800-4-WALLST

    Web site: http://www.wallst.net/
    http://radio.wallst.net/
    http://tv.wallst.net/
    http://www.dtag.com/
    http://www.waytronx.com/
    http://www.waterpureinternational.com/
    http://www.csibusinessfinance.com/
    http://www.integ.com/
    http://www.commandonline.com/




    Autodesk Closes Moldflow Tender Offer and Expects to Complete Acquisition Promptly

    SAN RAFAEL, Calif., June 20 /PRNewswire-FirstCall/ -- Autodesk, Inc. today announced that it has successfully completed its tender offer for shares of Moldflow Corporation.

    Autodesk's tender offer expired at 6:00 p.m., Eastern Daylight time, on Thursday, June 19, 2008. To date, Autodesk has purchased 11,622,163 shares, representing approximately 95% of the shares outstanding.

    Autodesk expects to complete its acquisition of Moldflow by merger on June 25, 2008. As a result of the merger, all remaining outstanding shares of Moldflow which are not owned by Autodesk, Moldflow or any of their wholly- owned subsidiaries, will be canceled and automatically converted into the right to receive $22.00 per share, without interest, less any required withholding taxes. After the completion of the merger, Moldflow will be a wholly-owned subsidiary of Autodesk.

    About Autodesk

    Autodesk, Inc. is the world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art digital prototyping solutions to help customers experience their ideas before they are real. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation.

    Autodesk and AutoCAD are registered trademarks or trademarks of Autodesk, Inc. in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product offerings and specifications at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document. (C) 2008 Autodesk, Inc. All rights reserved.

    Forward-Looking Statements

    This press release contains forward-looking statements, such as statements about the expected closing date of the merger. Statements regarding future events are based on Autodesk's current expectations and are necessarily subject to associated risks related to, among other things, Autodesk's ability to timely consummate the merger. Actual results may differ materially from those in previously provided projections or other forward-looking statements. For information regarding other related risks, please see the "Risk Factors" section of Autodesk's filings with the SEC, including its most recent filings on Form 10-K and Form 10-Q.

    Media Colleen Rubart Tel: 415-547-2368 Email: colleen.rubart@autodesk.com Investors David Gennarelli Tel: 415-507-6033 Email: david.gennarelli@autodesk.com

    Autodesk, Inc.

    CONTACT: Media, Colleen Rubart, +1-415-547-2368,
    colleen.rubart@autodesk.com, or Investors, David Gennarelli, +1-415-507-6033,
    david.gennarelli@autodesk.com, both of Autodesk, Inc.

    Web site: http://www.autodesk.com/




    Alcatel-Lucent and SpeedCast Limited Team Up to Launch the First Hosted DVB-H Mobile TV Service in Asia

    SINGAPORE, June 20 /PRNewswire-FirstCall/ -- Today at the CommunicAsia 2008 and BroadcastAsia 2008 trade shows, Alcatel-Lucent (Euronext Paris and NYSE: ALU) and SpeedCast Limited announced plans to jointly market, deploy and operate a shared, hosted DVB-H platform for mobile TV operators in Asia. The objective of the collaboration is to enable the seamless delivery of digital video content to operators for transmission to devices supporting the DVB-H mobile TV standard.

    Alcatel-Lucent and SpeedCast will leverage their respective technologies, infrastructure and content delivery solutions to provide operators around the region with a state-of-the art DVB-H head-end. This hosted service, jointly operated by Alcatel-Lucent and SpeedCast, will enable mobile TV service providers to deliver more than 20 TV channels via satellite (in the Ku-band or in the C-band) to their transmission towers for terrestrial broadcast (in the UHF band) to DVB-H handheld devices.

    This unique turnkey solution combines all the elements required for a successful mobile TV service including the service platform, a security and encryption technology, the platform for encoding into a DVB-H compatible format, the satellite delivery to terrestrial infrastructure and a very large number of TV channels with world-class content - across the major genres spanning news, music, sports, lifestyle and entertainment - which can be customized for different ethnic audiences.

    This hosted managed service allows operators to drastically reduce the capital and operational expenditures associated with mobile TV service, and to leverage the economies of scale offered by a centralized platform. It also ensures a much faster time-to-market.

    "This hosted mobile TV broadcast offering will help lower the risk to service providers associated with introducing a new service, while at the same time giving them the opportunity to provide their customers with attractively priced services and richer content offerings," said Pierre-Jean Beylier, Chief Executive Officer of SpeedCast Limited.

    "For cost-conscious mobile TV service operators, the key advantage of adopting a hosted approach is to avoid having to invest in head-end infrastructure, and therefore be able to concentrate their infrastructure investment on gradually increasing the density of their DVB-H or DVB-SH terrestrial transmission networks," said Frederic Rose, Alcatel-Lucent's President of activities in the Europe, Africa and Asia region. "By teaming-up with SpeedCast, Alcatel-Lucent is committed to allowing traditional as well as green-field operators accelerate their mobile TV delivery anywhere in Asia."

    Visit SpeedCast at CommunicAsia 2008 (June 17 to 20, 2008 at Singapore Expo - Hall 6, booth 6K2-01).

    About SpeedCast

    SpeedCast is a leading satellite service provider operating in over 35 countries in Asia Pacific, Middle East and Africa. SpeedCast's powerful satellite IP-based platform delivers: - SpeedCast Broadband: High speed Internet connectivity for enterprises and service providers; - SpeedCast Private Network: Satellite network infrastructure and managed solutions; - SpeedCast Multimedia: Premium bouquet of over 30 world-class channels for broadband and mobile operators; - SpeedCast Broadcast: Global content delivery solutions to ensure high-quality distribution of enterprise and media content. Operating on many different satellites in both C-band and Ku-band, and partnering with Tier 1 carriers for fiber requirements, SpeedCast and its 80 partners worldwide provide first-class services and 24/7 technical support. For more information please visit our website http://www.speedcast.com/

    About Alcatel-Lucent

    Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprises and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com/

    Alcatel-Lucent

    CONTACT: SpeedCast Press Contact: Caroline Paul, Tel: +852-2805-6555,
    caroline@speedcast.com. Alcatel-Lucent Press Contacts: Regine Coqueran, Tel:
    +33-(0)1-40-76-49-24, regine.coqueran@alcatel-lucent.com. Stephane Lapeyrade,
    Tel: +33-(0)1-40-76-12-74, stephane.lapeyrade@alcatel-lucent.com.
    Alcatel-Lucent Investor Relations: Remi Thomas, Tel: +33-(0)1-40-76-50-61,
    remi.thomas@alcatel-lucent.com, John DeBono, Tel: +1-908-582-7793,
    debono@alcatel-lucent.com, Tony Lucido, Tel: +33-(0)1-40-76-49-80,
    alucido@alcatel-lucent.com, Don Sweeney, Tel: +1-908-582-6153,
    dsweeney@alcatel-lucent.com




    Alcatel-Lucent and SpeedCast Limited Team Up to Launch the First Hosted DVB-H Mobile TV Service in Asia

    SINGAPORE, June 20 /PRNewswire/ -- Today at the CommunicAsia 2008 and BroadcastAsia 2008 trade shows, Alcatel-Lucent (Euronext Paris and NYSE: ALU) and SpeedCast Limited announced plans to jointly market, deploy and operate a shared, hosted DVB-H platform for mobile TV operators in Asia. The objective of the collaboration is to enable the seamless delivery of digital video content to operators for transmission to devices supporting the DVB-H mobile TV standard.

    Alcatel-Lucent and SpeedCast will leverage their respective technologies, infrastructure and content delivery solutions to provide operators around the region with a state-of-the art DVB-H head-end. This hosted service, jointly operated by Alcatel-Lucent and SpeedCast, will enable mobile TV service providers to deliver more than 20 TV channels via satellite (in the Ku-band or in the C-band) to their transmission towers for terrestrial broadcast (in the UHF band) to DVB-H handheld devices.

    This unique turnkey solution combines all the elements required for a successful mobile TV service including the service platform, a security and encryption technology, the platform for encoding into a DVB-H compatible format, the satellite delivery to terrestrial infrastructure and a very large number of TV channels with world-class content - across the major genres spanning news, music, sports, lifestyle and entertainment - which can be customized for different ethnic audiences.

    This hosted managed service allows operators to drastically reduce the capital and operational expenditures associated with mobile TV service, and to leverage the economies of scale offered by a centralized platform. It also ensures a much faster time-to-market.

    "This hosted mobile TV broadcast offering will help lower the risk to service providers associated with introducing a new service, while at the same time giving them the opportunity to provide their customers with attractively priced services and richer content offerings," said Pierre-Jean Beylier, Chief Executive Officer of SpeedCast Limited.

    "For cost-conscious mobile TV service operators, the key advantage of adopting a hosted approach is to avoid having to invest in head-end infrastructure, and therefore be able to concentrate their infrastructure investment on gradually increasing the density of their DVB-H or DVB-SH terrestrial transmission networks," said Frederic Rose, Alcatel-Lucent's President of activities in the Europe, Africa and Asia region. "By teaming-up with SpeedCast, Alcatel-Lucent is committed to allowing traditional as well as green-field operators accelerate their mobile TV delivery anywhere in Asia."

    Visit SpeedCast at CommunicAsia 2008 (June 17 to 20, 2008 at Singapore Expo - Hall 6, booth 6K2-01).

    About SpeedCast

    SpeedCast is a leading satellite service provider operating in over 35 countries in Asia Pacific, Middle East and Africa. SpeedCast's powerful satellite IP-based platform delivers: - SpeedCast Broadband: High speed Internet connectivity for enterprises and service providers; - SpeedCast Private Network: Satellite network infrastructure and managed solutions; - SpeedCast Multimedia: Premium bouquet of over 30 world-class channels for broadband and mobile operators; - SpeedCast Broadcast: Global content delivery solutions to ensure high-quality distribution of enterprise and media content. Operating on many different satellites in both C-band and Ku-band, and partnering with Tier 1 carriers for fiber requirements, SpeedCast and its 80 partners worldwide provide first-class services and 24/7 technical support. For more information please visit our website http://www.speedcast.com

    About Alcatel-Lucent

    Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprises and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com

    Alcatel-Lucent

    SpeedCast Press Contact: Caroline Paul, Tel: +852-2805-6555, caroline@speedcast.com. Alcatel-Lucent Press Contacts: Régine Coqueran, Tel: +33-(0)1-40-76-49-24, regine.coqueran@alcatel-lucent.com. Stéphane Lapeyrade, Tel: +33-(0)1-40-76-12-74, stephane.lapeyrade@alcatel-lucent.com. Alcatel-Lucent Investor Relations: Rémi Thomas, Tel: +33-(0)1-40-76-50-61, remi.thomas@alcatel-lucent.com, John DeBono, Tel: +1-908-582-7793, debono@alcatel-lucent.com, Tony Lucido, Tel: +33-(0)1-40-76-49-80, alucido@alcatel-lucent.com, Don Sweeney, Tel: +1-908-582-6153, dsweeney@alcatel-lucent.com




    Top-tier China Suppliers Benefiting from Economic Slowdown

    World's Biggest Buyers Placing Larger Orders with Quality Suppliers, Turn to

    Global Sources Private Sourcing Events for Assistance

    HONG KONG, June 20 /Xinhua-PRNewswire-FirstCall/ -- The economic slowdown in the West is not necessarily bad news for China suppliers, as some discovered when attending the June 17 Private Sourcing Event: Digital Personal Electronics hosted in Shenzhen by Global Sources ( http://www.globalsources.com/ ).

    (Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )

    The Private Sourcing Event brought together 10 of the world's largest electronics buyers with combined annual sales of $190 billion. Participating buyers met individually with 27 suppliers pre-screened by Global Sources.

    "Most buyers at the event seek to counter cost pressures by consolidating their supply base and forming closer partnerships with the suppliers they retain -- while making their orders larger to gain a pricing advantage," said Global Sources COO, Craig Pepples. "The suppliers they choose to work with are able to reap huge benefits."

    "As the economic outlook dims in some regions, Private Sourcing Events are becoming increasingly popular with buyers. Some participants even told us their China purchasing for North America is increasing tenfold this year," said Pepples.

    This huge increase in purchasing for the U.S. was accomplished by increasing purchases of private label products and by consolidating larger orders with fewer suppliers.

    Circuit City Vice President and General Manager, Jeric Ma, who participated in the Private Sourcing Event, confirmed his company has been increasing its orders from top suppliers in China. "Our imports to both the U.S. and Canada operations increased very substantially in the first 5 months this year.

    "Because of the pre-screening process that takes place beforehand, we have more confidence in the suppliers we meet at Private Sourcing Events. These events have been a great help to our China sourcing program -- helping us find more of the quality suppliers we need in far less time than otherwise possible."

    China Remains Key Sourcing Base Despite rising costs, electronics buyers remain bullish on China.

    "Buyers in China face a host of problems including higher raw material and shipping costs, a stronger Yuan, new labor laws, and continuing concerns about quality, but none of our participating buyers is yet considering a move to new areas, at least for electronics products," Pepples said. "In fact, one buyer told me only one of the products in his portfolio is available elsewhere in Asia. The China electronics industry is still extremely competitive because of quality and availability, despite rising prices."

    To meet increased buyer demand, Pepples said Global Sources will double the number of Private Sourcing Events to be held this year.

    Buyers participating at the complimentary Private Sourcing Event: Digital Personal Electronics were:

    -- Casino -- France's largest convenience store operator -- Circuit City -- the second largest electronics retailer in the U.S. -- IPA -- one of Spain and Portugal's largest purchasing consortiums -- Kesa Electricals -- Europe's third-largest electronics retailing group -- Markant -- one of Europe's largest trading cooperatives -- Office Depot -- one of the world's largest office product retailers -- RadioShack -- the third-largest US electronics chain -- Staples -- the world's largest office products retailer -- Target (Australia) -- one of Australia's largest retailers -- Woolworths (Australia) -- the largest retailer in Australia

    Eighty Global Sources Private Sourcing Events have been scheduled for 2008, with dozens of buyers including Best Buy, Carrefour, Circuit City and Lowe's confirmed to participate. A list of upcoming Private Sourcing Events is available at http://www.privatesourcingevents.com/ .

    Suppliers wishing to participate should contact csm@globalsources.com .

    Specialized Global Sources Websites, Face-to-Face Events and Trade Magazines

    Private Sourcing Events are part of the company's portfolio of brands for sourcing and product information services, which include Global Sources Online ( http://www.globalsources.com/ ), China Sourcing Fairs ( http://www.chinasourcingfair.com/ ), Global Sources monthly magazines and Global Sources Direct ( http://www.globalsourcesdirect.com/ ).

    For more information about Global Sources' products and services to connect quality buyers and quality suppliers, visit http://corporate.globalsources.com/ .

    About Global Sources

    Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other business segments facilitate trade from the world to Greater China, and trade within China, using Chinese-language media.

    The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 700,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.

    The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 2.6 million products and more than 195,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 9 specialized trade shows which run 27 times a year across eight cities.

    Suppliers receive more than 32 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com/ ) alone.

    Global Sources has been facilitating global trade for 37 years. Global Sources' network covers more than 69 cities worldwide. In mainland China, Global Sources has over 2,100 team members in more than 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.

    Global Sources Press Contact in Asia: Camellia So Tel: +852-2555-5021 Email: cso@globalsources.com Global Sources Investor Contact in Asia: Investor Relations Department Tel: +852-2555-4777 Email: investor@globalsources.com Global Sources Press Contact in U.S.: James W.W. Strachan Tel: +1-480-664-8309 Email: strachan@globalsources.com Global Sources Investor Contact in U.S.: Christiane Pelz & Kirsten Chapman Lippert/Heilshorn & Associates, Inc. Tel: +1-415-433-3777 Email: investor@globalsources.com

    Photo: Newscom: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b
    PR Newswire Photo Desk, photodesk@prnewswire.com Global Sources

    CONTACT: Press contact in Asia: Camellia So, +852-2555-5021,
    cso@globalsources.com; Press contact in U.S.: James W.W. Strachan of Global
    Sources, +1-480-664-8309, strachan@globalsources.com; Investor contact in Asia:
    IR Department of Global Sources, +852-2555-4777, investor@globalsources.com;
    Investor Contact in U.S.: Christiane Pelz & Kirsten Chapman, both of Lippert-
    Heilshorn & Associates, Inc., +1-415-433-3777, investor@globalsources.com, for
    Global Sources

    Web site: http://www.globalsources.com/
    http://www.privatesourcingevents.com/
    http://www.chinasourcingfair.com/
    http://www.globalsourcesdirect.com/
    http://corporate.globalsources.com/




    ING Life Korea Implements TIBCO SOA and BPM Software to Help Optimize Business Processes and CapabilitiesLeading Insurer in Korea chooses TIBCO to help meet the challenge of building a process-centric SOA environment

    SEOUL, South Korea, June 19 /PRNewswire-FirstCall/ -- TIBCO Software Inc. today announced that ING Life Korea, one of the fastest growing insurance companies in South Korea, has successfully deployed TIBCO ActiveMatrix BusinessWorks(TM) and TIBCO iProcess(TM) Suite as its preferred solutions for business integration and process management.

    ActiveMatrix BusinessWorks(TM) is a service-oriented architecture (SOA) integration tool, which allows enterprises to bring together front and back office applications on a single standards-based platform for real-time business.

    The deployment of ActiveMatrix BusinessWorks at ING Life Korea was the first stage of a wider IT re-architecture program initiated by its parent company, ING Life Asia-Pacific, to create a standardized IT platform across its region-wide operations. ING Life Asia-Pacific's operations span a number of geographical markets, including Hong Kong, Malaysia, South Korea and Taiwan.

    According to Alan Grigg, head of IT architecture department and chief IT architect, ING Life Korea, ActiveMatrix BusinessWorks(TM) was a natural extension to their application integration platform due to its strong feature set, scalability and ease of implementation.

    Prior to the deployment of ActiveMatrix BusinessWorks, ING Life Korea had also adopted TIBCO iProcess Suite as its standard business process management (BPM) engine throughout its operations. The combination of iProcess(TM) Suite process management and ActiveMatrix BusinessWorks application integration has been the catalyst for a paradigm shift in the life insurer's approach to delivering IT systems, according to Grigg.

    "TIBCO SOA and BPM tools have transformed our methodology for IT systems development. They have enabled us to adopt a process-centric view of our business, which is significantly reducing our turnaround time for rolling out and changing business processes. These tools also extend the ability of our existing administration systems to help us improve our operating efficiency and business capabilities," Grigg explained.

    "Business processes need to be knit tightly together if an enterprise as a whole is to function efficiently. TIBCO is pleased it has helped ING Life Korea achieve this through a set of process and application integration tools, which deliver a wide variety of business benefits, including reduced development time, easier maintenance and strong systems monitoring capabilities," said Anthony Harris, senior vice president, Asia Pacific/Japan, TIBCO Software Inc. "We are confident TIBCO will enable ING Life Korea to become a more agile, efficient and competitive enterprise."

    About ING Korea

    ING Group is a global financial institution with Dutch origin tracing back over 160 years, offering integrated financial service combining banking, insurance and asset management in 50 countries around the world. ING Group ranked the 1st in life/health insurance sector in the Fortune Global 500 for 2006 and 2007 (based on the result of 2005 and 2006). ING Life, one of the ING business units in Korea, entered the Korean market in 1989 as a Greenfield operation and since then enjoyed sustained growth. ING Life is now the 4th largest life company in Korea and has the biggest market share among foreign-invested life insurance companies in Korea. Under the mission of setting the standard in helping customers manage their financial future, ING Life is focused on delivering value products and services through various distribution channels, especially via its professional financial consultants that are best in Korea in terms of quality and productivity.

    About TIBCO

    TIBCO digitized Wall Street in the '80s with its event-driven "Information Bus" software, which helped make real-time business a strategic differentiator in the '90s. Today, TIBCO's infrastructure software gives customers the ability to constantly innovate by connecting applications and data in a service-oriented architecture, streamlining activities through business process management, and giving people the information and intelligence tools they need to make faster and smarter decisions, what we call The Power of Now(R). TIBCO serves more than 3,000 customers around the world with offices in more than 20 countries and an ecosystem of over 200 partners. Learn more at http://www.tibco.com/.

    TIBCO, The Power of Now, TIBCO ActiveMatrix, TIBCO ActiveMatrix BusinessWorks, TIBCO iProcess Suite and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.

    TIBCO Software Inc.

    CONTACT: Cecilia Lau of TIBCO Software Inc., +1-852-2821-3078,
    clau@tibco.com; or Sookhee Han of The Hoffman Agency Korea, (82) 2-737-2945,
    shan@hoffman.co.kr, for TIBCO Software Inc.

    Web site: http://www.tibco.com/

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