Companies news of 2008-08-04 (page 3)
Scientific Games Names Yan Xuan as President, Greater China
L-1 Identity Solutions Successfully Completes the Initial Offering Period of Tender Offer...
Tri-S Security Subsidiary Awarded $8.7 Million Contract for State of Florida
Analytical Surveys, Inc. Announces Name Change to Axion International Holdings, Inc. and...
Geeks On Call(R) Becomes Authorized Hewlett Packard ResellerJoins HP PartnerONE SMB...
VIASPACE Security Receives Order for Software Products and Training From Major Aerospace...
Qualcomm Announces Leadership Changes and Promotions- Len Lauer Promoted to COO and Steve...
Qualcomm Elects Stephen Bennett to Board of Directors
China Fire & Security Group Inc. to Report Second Quarter 2008 Earnings Results on August...
Law Enforcement Agencies in Florida and Tennessee Continue Fleet Roll-Out of ICOP Digital...
Marks & Spencer Implements Gift Cards With Postilion
NAVTEQ Showcases Innovative Customer Solutions and Data Collection Tools at the 2008 ESRI...
Sanjay Jha Named Co-Chief Executive Officer of Motorola and Chief Executive Officer of...
Motorola Centralizes Remote Management for Enterprise Mobile DevicesMobility Services...
AT&T Expands International Offerings for TravelersCall Home, Search the Internet, Send...
EZchip Announces Record Second Quarter Revenues of $8 Million and Significant Growth in...
BNY Mellon Asset Servicing Announces Automated Trade Capture of OTC DerivativesVariety of...
Telanetix to Hold Second Quarter 2008 Results Conference Call on August 14, 2008
Broadcom Announces New Share Repurchase Program
CCID Consulting: Demands and Technology Drive Growth of China's Mobile Phone Market
FairPoint Communications to Release 2008 Second Quarter Earnings ResultsConference Call...
Casino Petition to be Submitted
ShoreTel's Unified Communications System More Energy Efficient Than Cisco Unified...
Actel Offers Additional Power Reduction and Simplifies Design Creation With Libero IDE...
Edenor Selects Oracle(R) UtilitiesArgentina's Largest Electricity Distributor to Use...
Memorex(R) Covers the 'Essentials' with its New Line of Portable Hard DrivesErgonomic,...
TechWeb's Advanced Trading Magazine Names Top Ten Quantitative Analyst Schools
Dow Jones Adds Energy Focus to NewsPlus Offerings -- Comprehensive, Daily Energy News is...
Linktone Appoints Chief Strategy Officer
Marvell to Hold Conference Call to Discuss Second Quarter Financial Results on August 28
Scientific Games Names Yan Xuan as President, Greater China
NEW YORK, Aug. 4 /PRNewswire-FirstCall/ -- Scientific Games Corporation announced the addition of Yan Xuan to the role of President, Greater China and Senior Vice President, Scientific Games International. Mr. Xuan will be responsible for the execution of the Company's strategy and the growth of revenue and profits for this new geographic market which includes mainland China, Hong Kong and Taiwan.
Yan Xuan has a wealth of experience and most recently worked for Oracle Corporation as Vice President of Government Affairs and Business Development for the Greater China Region. Immediately prior to joining Oracle, Yan was General Manager of Strategic Investments at Microsoft. He also spent seven years with AT&T and Lucent in senior management and executive positions, including Vice President of Business Development and Administration and Vice Chairman of the $450M Optic Fiber Solutions and Channels businesses in China. Yan also has experience working in several prominent law firms and has served as in-house counsel for both privately held and publicly listed companies. Yan holds a degree in English from Beijing University and a J.D. from Duke University.
"We are pleased to add such a seasoned professional to our team in China. Yan's depth of knowledge in government relations and business development and his experience in large multi-national corporations will provide strong leadership as we drive our efforts in the greater China marketplace," said Lorne Weil, Chairman and CEO of Scientific Games. "His impressive track record for delivering results and driving execution is an important complement to our business."
About Scientific Games
Scientific Games Corporation is the leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading supplier of server based gaming machines and systems, Amusement and Skill with Prize betting terminals, interactive sports betting terminals and systems, and wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut, Maine and the Netherlands and is a leading supplier of prepaid phone cards to telephone companies. Scientific Games' customers are in the United States and more than 60 other countries. For more information about Scientific Games, please visit our web site at http://www.scientificgames.com/.
Company Contact:
Investor Relations
Scientific Games Corporation
212-754-2233
Forward-Looking Statements
Certain statements in this press release which are not historical facts, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, including those relating to timing of contracts, renewals or other events, business plans and performance objectives, are based upon management's current expectations, assumptions and estimates and are not guarantees of future results or performance. Actual results may differ materially from those projected in these statements due to a variety of risks and uncertainties and other factors, including, among other things: competition; material adverse changes in economic and industry conditions in our markets; technological change; protection of intellectual property; security and integrity of software and systems; laws and government regulation, including those relating to gaming licenses, permits and operations; seasonality; dependence on suppliers and manufacturers; factors associated with foreign operations; failure to retain, renew or perform on contracts; resolution of pending or future litigation; and other factors described from time to time in our filings with the SEC, including our most recent Annual Report on Form 10-K. Forward-looking statements speak only as of the date they are made, and except for our ongoing obligations under the U.S. federal securities laws, we undertake no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
Scientific Games Corporation
CONTACT: Investor Relations, Scientific Games Corporation, +1-212-754-2233
Web site: http://www.scientificgames.com/
Company News On-Call: http://www.prnewswire.com/comp/117695.html
L-1 Identity Solutions Successfully Completes the Initial Offering Period of Tender Offer and Acquires Control of Digimarc CorporationL-1 Announces Subsequent Offering Period to Acquire Remaining Outstanding Shares
STAMFORD, Conn., Aug. 4 /PRNewswire-FirstCall/ -- L-1 Identity Solutions, Inc. , a leading provider of identity solutions and services, today announced that it has successfully completed the initial offering period of its tender offer for all outstanding shares of common stock of Digimarc Corporation . The Company also announced that its wholly-owned subsidiary, Dolomite Acquisition Co., has commenced a subsequent offering period to acquire all of the remaining outstanding shares of common stock of Digimarc not tendered into the offer.
The initial offering period and withdrawal rights expired at 12:00 a.m. (ET), on Friday, August 1, 2008, with a total of approximately 19,767,699 shares of Digimarc common stock being validly tendered and not withdrawn, representing approximately 79 percent of the issued and outstanding shares of Digimarc common stock. All shares that were validly tendered and not properly withdrawn on or prior to that time have been accepted for purchase. L-1 will promptly pay for all such shares at the offer price of $12.25 per share, net to the seller in cash, without interest and less any required withholding taxes.
The subsequent offering period will expire at 5:00 p.m. (ET), on Friday, August 8, 2008, unless otherwise extended. During this subsequent offering period, holders of shares of Digimarc common stock who did not previously tender their shares into the offer may do so, and Dolomite Acquisition Co. will promptly purchase any shares properly tendered, for the same consideration paid in the initial offering period. Procedures for tendering shares during the subsequent offering period are the same as during the initial offering period, except that shares tendered during the subsequent offering period may not be withdrawn. L-1 and Dolomite Acquisition Co. reserve the right to extend the subsequent offering period in accordance with applicable law.
Following the expiration of the subsequent offering period, L-1 will acquire all of the remaining outstanding shares of Digimarc common stock through a merger. With the purchase of shares in the tender offer, L-1 will have sufficient voting power to approve the merger without the affirmative vote of any other Digimarc stockholder. As a result of this merger, Digimarc will become a wholly-owned subsidiary of L-1, and each outstanding share of Digimarc common stock will be cancelled and (except for shares held by L-1 or its subsidiaries or shares for which appraisal rights are properly demanded) will be converted into the right to receive the same consideration, without interest, received by holders who tendered into the tender offer. Thereafter, Digimarc common stock will cease to be traded on the Nasdaq Global Market.
About L-1 Identity Solutions
L-1 Identity Solutions, Inc. , together with its portfolio of companies, offers a comprehensive set of products and solutions for protecting and securing personal identities and assets. Leveraging the industry's most advanced multi-modal biometric platform for finger, face and iris recognition, our solutions provide a circle of trust around all aspects of an identity and the credentials assigned to it -- including proofing, enrollment, issuance and usage. With the trust and confidence in individual identities provided by L-1 Identity Solutions, government entities, law enforcement and border management agencies, and commercial enterprises can better guard the public against global terrorism, crime and identity theft fostered by fraudulent identity. L-1 Identity Solutions is headquartered in Stamford, CT. For more information, visit http://www.l1id.com/ .
Forward Looking Statements
This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this press release and those made from time to time by L-1 Identity Solutions through its senior management are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect L-1 Identity Solutions' current expectations based on management's beliefs and assumptions and information currently available and actual results could differ materially from these expectations. Certain factors that could cause or contribute to such differences include, among other things, the availability of government funding for the Company's products and solutions, general economic and political conditions and the unpredictable nature of working with government agencies. Additional risks and uncertainties are described in the Securities and Exchange Commission ("SEC") filings of L-1 Identity Solutions, including its Form 10-K for the year ended December 31, 2007. L-1 Identity Solutions expressly disclaims any intention or obligation to update any forward-looking statements.
Additional Information
This press release is neither an offer to purchase nor a solicitation of an offer to sell securities. The tender offer is being made pursuant to a tender offer statement and related materials. Digimarc stockholders are advised to read the tender offer statement and related materials, which have been filed by L-1 with the SEC. The tender offer statement (including the offer to purchase, letter of transmittal and related tender offer documents) filed by L-1 with the SEC and the solicitation/recommendation statement filed by Digimarc with the SEC contain important information which should be read carefully before any decision is made with respect to the tender offer. The tender offer statement and the solicitation/recommendation statement have been mailed to all Digimarc stockholders of record.
The tender offer statement and related materials may be obtained at no charge by directing a request by mail to Innisfree M&A Incorporated, 501 Madison Avenue, 20th Floor, New York, New York 10022, or by calling (212) 750-5833, and may also be obtained at no charge at http://www.l1id.com/ and http://www.digimarc.com/ and the website maintained by the SEC at http://www.sec.gov/ .
CONTACTS:
Doni Fordyce
L-1 Identity Solutions
203-504-1109
dfordyce@l1id.com
Steve Lipin
Brunswick Group
212-333-3810
L-1 Identity Solutions, Inc.
CONTACT: Doni Fordyce of L-1 Identity Solutions, +1-203-504-1109, dfordyce@l1id.com; or Steve Lipin of Brunswick Group, +1-212-333-3810, for L-1 Identity Solutions
Web site: http://www.l1id.com/ http://www.digimarc.com/
Tri-S Security Subsidiary Awarded $8.7 Million Contract for State of Florida
ATLANTA, Aug. 4 /PRNewswire-FirstCall/ -- Tri-S Security Corp. , a provider of security services and equipment for government and private entities, announced today a $8.7 million contract has been awarded to Vanguard Security, Inc., a subsidiary of its Cornwall Group. The contract will begin September 2, 2008 and run for three years with three one year renewals. The contract will generate approximately $1.45 million annually. The scope of the work is to provide both armed and unarmed guards at State of Florida facilities in 11 locations including Miami, Tampa, Orlando, Jacksonville, West Palm Beach, Tallahassee, Ft. Lauderdale, Ft. Meyers and other cities throughout the State.
Ronald G. Farrell, Chairman/CEO of Tri-S Security Corp., stated, "This is a first for Vanguard and now opens up the entire State of Florida for future business." Mr. Farrell further stated, "This contract is hopefully the beginning of Vanguard's moving into new markets. We currently are bidding on over $25 million of contracts throughout the State of Florida. This was a plan we initiated during the first quarter of the year and are now seeing the results. "
About Tri-S Security Corporation
Based in Atlanta, GA, Tri-S Security Corp. is a provider of security services and equipment for government and private entities spanning a wide range of industries. The government sector is serviced through its wholly-owned subsidiary Paragon Systems and the private sector through its subsidiary Cornwall Group. Security services include uniformed guards, electronic monitoring systems, personnel protection, access control, crowd control and the prevention of sabotage, terrorist and criminal activities. As a leading aggregator of elite security companies, Tri-S Security is designed to build a strong enterprise in which to service a unique customer base that ensures America's safety at home and work. Tri-S Security assumes responsibility for the marketing, infrastructure and overall operational performance for its subsidiaries. Tri-S Security's management leverages highly trained government officers, experienced industry leaders, proven financial executives and infrastructure experts to consolidate the fragmented security industry into one efficient and effective security force.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Federal securities laws. Forward-looking statements are commonly identified by such terms and phrases as "should", "expects", "plans", "anticipates", "believes", "estimates", "projects" and other terms with similar meaning indicating potential impact on our business. Although we believe that the assumptions upon which such forward-looking statements are based are reasonable, we can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from our projections and expectations are disclosed in our filings with the Securities and Exchange Commission, including the "Risk Factors" section set forth in our Annual Report on Form 10-K for the year ended December 31, 2006. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to their underlying assumptions. We do not undertake to publicly update the forward-looking statements contained herein to conform to actual results or changes in our expectations, whether as a results of new information, future events or otherwise. You may obtain and review our filings with the Securities and Exchange Commission by visiting http://www.sec.gov/.
Tri-S Security Corp.
CONTACT: Ron Farrell, Chairman and CEO of Tri-S Security Corp., +1-678-808-1540; or Booke and Company, Inc., Investor Relations Counsel, +1-212-490-9095
Web site: http://www.trissecurity.com/
Analytical Surveys, Inc. Announces Name Change to Axion International Holdings, Inc. and Reverse Stock Split
BASKING RIDGE, N.J., Aug. 4 /PRNewswire-FirstCall/ -- Analytical Surveys, Inc. (BULLETIN BOARD: ANLT) , a technology company that converts recycled plastics into high value-added structural products used in commercial applications, today announced that its board of directors and shareholders have approved a name change to Axion International Holdings, Inc. and a 1-for-4 reverse stock split of its outstanding common stock. As a result of the name change and reverse stock split, beginning on August 4, 2008, the Company's common stock will trade on the Over-the-Counter Bulletin Board under its new trading symbol "AXIH" (CUSIP No. 05462D 101).
The reverse stock split affects all shares of common stock and convertible securities of the Company outstanding immediately prior to the effective time of the reverse split. Pursuant to the reverse stock split, every four shares of the Company's common stock will be combined into one share of the Company's common stock and fractional shares will be rounded up to the nearest whole share.
Jim Kerstein, Chairman and CEO, stated: "Recent news continues to prove the strength of our business plan. The 1 for 4 shares reverse stock split is intended to enhance investor's visibility into the Company's potential future profitability on a per share basis while also providing more useful information in making period-to-period comparisons. The Company also believes that a higher share price could broaden its appeal to a wider base of investors allowing it to potentially qualify for listing on a larger stock exchange in the future, improving stockholder value."
About Axion International
Axion International (http://www.axionintl.com/) is positioned as an important structural product provider of alternative infrastructure and building products. Axion operates from a "green" base, developing structural products made from recycled consumer and industrial plastics that would otherwise be discarded into landfills. Axion International's patented technologies, developed in collaboration with scientists at Rutgers University, allow for products that are extremely strong, durable, flexible in use, and low maintenance. Traditional construction suppliers of wood, steel, and concrete cannot compete with the flexible design features of structural plastic. Manufactured from consumer and industrial waste plastics, Axion's upcycled products are an economic alternative to traditional building materials.
Forward-Looking Statements
This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Analytical Surveys' actual results to differ materially from those currently anticipated, including the risk factors identified in Analytical Surveys' filings with the Securities and Exchange Commission.
Investors:
Jim Kerstein
(908) 542-0888
jkerstein@axionintl.com
Axion International Holdings, Inc.
CONTACT: Jim Kerstein, +1-908-542-0888, jkerstein@axionintl.com
Web site: http://www.axionintl.com/
Geeks On Call(R) Becomes Authorized Hewlett Packard ResellerJoins HP PartnerONE SMB Network
NORFOLK, Va., Aug. 4 /PRNewswire-FirstCall/ -- Geeks On Call Holdings, Inc. (BULLETIN BOARD: GOCH) , a premier national provider of professional IT solutions to small business and residential customers through its national network of franchise and Company-owned locations under the trade names Geeks On Call(R), 1-800-905-GEEK(TM), and CallTheGeeks.com(TM), announced today it has become an authorized reseller of Hewlett-Packard products and services through HP's PartnerONE Program, a network of approved Enterprise and SMB solution providers.
As an added convenience for customers of their mobile computer services, Geeks On Call offers a variety of software products and supplies that will now include the HP line of desktops, workstations, laptops, printers, storage media, servers and networking products.
The SMB network branded through HP's PartnerONE Program provides member benefits beyond HP product access, including co-branded materials, targeted marketing to pre-defined customer leads, special promotions, sales and technical training through the partner portal, and business networking opportunities. These benefits will help Geeks On Call franchise partners generate new business and relationships in their communities through increased local and national market presence.
According to Rich Artese, Geeks On Call Executive Vice President and Chief Operating Officer, "Hewlett-Packard's partner program came to our attention at the perfect time in Geeks On Call's Company expansion. A substantial and growing portion of our IT services are geared toward small business. We pride ourselves on helping our customers build their businesses through increased productivity, efficiency, and data security. The HP PartnerONE program, with its targeted small business marketing approach and network of SMBs, will generate new business opportunities for our franchisees and place Geeks On Call within an exclusive community created by one of the nation's top technology manufacturers."
About HP
HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended October 31, 2007, HP revenue totaled $104.3 billion. More information about HP is available at http://www.hp.com/.
About Geeks On Call
Geeks On Call is a wholly owned subsidiary of Geeks On Call Holdings, Inc. (BULLETIN BOARD: GOCH) . Founded in 1999, the Company is a pioneer in the mobile, rapid-response on-site IT service concept. Under the trade names Geeks On Call(R), 1-800-905-GEEK(TM), and CallTheGeeks.com(TM), the Company's certified IT professionals service small businesses and residential customers through its national network of franchise and Company-owned locations. They provide computer privacy and security solutions, hardware and network installations and troubleshooting, as well as repairs, upgrades and consulting. Geeks On Call also co-markets through endorsed vendor relationships with other Franchisors, who offer GOC services to their franchisees as a value-added benefit. Over 250 independently owned and operated franchises have been granted, with new franchise and Corporate locations opening regularly. For more information, including franchising and Endorsed Vendor Program opportunities, call 1-800-905-GEEK or visit http://www.geeksoncall.com/. Send an email of inquiry to endorsedvendor@geeksoncall.com.
Forward-looking Statements
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
Contacts:
Investor Relations
Jennifer Allesandro
Geeks On Call I/R
(757) 531-7410
jennifer.allesandro@
geeksoncall.com
Media Relations
Shana Keith
Porter Novelli
(404) 995-4557
shana.keith@
porternovelli.com
Geeks On Call
CONTACT: Investor, Jennifer Allesandro of Geeks On Call, +1-757-531-7410, jennifer.allesandro@geeksoncall.com; or Shana Keith of Porter Novelli for Geeks On Call, +1-404-995-4557, shana.keith@porternovelli.com
Web site: http://www.geeksoncall.com/
VIASPACE Security Receives Order for Software Products and Training From Major Aerospace Corporation
PASADENA, Calif., Aug. 4 /PRNewswire-FirstCall/ -- VIASPACE Inc. (BULLETIN BOARD: VSPC) , a company commercializing proven technologies from NASA and the US Department of Defense, reported that its VIASPACE Security subsidiary has received an order from a major aerospace corporation for software products and training related to its SHINE inference engine technology.
Under the terms of the order, the companies will work together to merge various domain knowledge from the customer with VIASPACE Security's proven capabilities in sensor fusion, algorithm development and use of its SHINE inference engine into a broad list of security solutions and other applications that would be developed. VIASPACE has an exclusive license from Caltech to commercialize NASA's SHINE real-time inference engine technology for most major applications, including defense applications, homeland defense, maritime security and diagnostics/prognostics.
A.J. Abdallat, President of VIASPACE Security, commented, "We are pleased to begin this new agreement in pursuit of several new security efforts working closely with this major customer. Their name has been withheld due to competitive and security reasons. We believe that our sensor data fusion and SHINE inference engine technologies, along with the customer's extensive domain expertise in security and other applications, will provide several opportunities to provide solutions to current and upcoming national security programs, as well as other prognostic and diagnostic applications."
About VIASPACE: Originally founded in 1998 with the objective of transforming proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions that solve today's complex problems, VIASPACE benefits from important patent and software licenses from Caltech, which manages NASA's Jet Propulsion Laboratory.
For more information, please visit http://www.viaspace.com/, or contact Investor Relations, Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com. For past press releases, please visit: http://www.viaspace.com/press_release.php.
Press contact: Carl Kikkoman 626-768-3360
This news release includes forward-looking statements. These forward-looking statements relate to future events or our future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Such factors include the risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-KSB, for the fiscal year ended December 31, 2007, as well as general economic and business conditions, the ability to acquire and develop specific projects and technologies, the ability to fund operations, changes in consumer and business consumption habits, and other factors over which VIASPACE has little or no control.
VIASPACE Inc.
CONTACT: Press, Carl Kukkonen, +1-626-768-3360, or Investor Relations, Dr. Jan Vandersande, Director of Communications, 1-800-517-8050, IR@VIASPACE.com, both of VIASPACE Inc.
Web site: http://www.viaspace.com/
Qualcomm Announces Leadership Changes and Promotions- Len Lauer Promoted to COO and Steve Mollenkopf to President of QCT -
SAN DIEGO, Aug. 4 /PRNewswire-FirstCall/ -- Qualcomm Incorporated announced today that Dr. Sanjay Jha, chief operating officer and president of Qualcomm CDMA Technologies (QCT), is leaving Qualcomm and will become co-CEO of Motorola, Inc. and CEO of Motorola Mobile Devices. Len Lauer, executive vice president of Qualcomm and group president, is promoted to chief operating officer and Steve Mollenkopf, executive vice president of QCT, is promoted to president of QCT. In addition, Jim Lederer was recently promoted to executive vice president of business planning and finance for QCT.
"Sanjay's leadership has been instrumental in growing QCT into the number one wireless semiconductor supplier," said Dr. Paul E. Jacobs, CEO of Qualcomm. "I'd like to personally thank Sanjay for his many years of service for Qualcomm and look forward to continuing to work with him in his role at one of Qualcomm's key customers. I wish Sanjay the best in his new position. I congratulate Len, Steve and Jim on their promotions. I am pleased to have such a capable and seasoned executive leadership team to ensure a seamless transition for our customers, our suppliers and our employees. Len's extensive knowledge of the wireless industry, his strong operational experience, and his relationships with our customers makes him the right choice for COO. Steve is the ideal person to succeed Sanjay as president of QCT given his central role in creating QCT's product roadmap, his strong technical background, and his extensive experience in the semiconductor industry. And I'm pleased to recognize the role Jim has played in leading QCT's business operations and finance functions from its earliest days. The convergence of wireless and the Internet is creating a wide array of exciting opportunities, and with this team, Qualcomm is ideally positioned to extend our leadership position."
"It's my pleasure to congratulate Len, Steve and Jim on their promotions," said Dr. Sanjay Jha. "I look forward to close cooperation with Qualcomm in the future and appreciate the opportunities I have had over my 14-year career at the Company."
Executive Bios
In the role of group president, Len Lauer has provided oversight and direction to the following divisions: Qualcomm Internet Services (QIS), Qualcomm Enterprise Services (QES), Qualcomm MEMS Technologies (QMT), Qualcomm Government Technologies (QGOV) and the Company's mobile TV subsidiary, MediaFLO USA (MUI) and MediaFLO Technologies (MFT). Len Lauer has 30 years of operating experience in the high tech and communications sectors. Prior to joining Qualcomm, Len served as a senior executive at Sprint for eight years. He began by leading the long distance divisions and then became the president of Sprint PCS. During the two-year period at Sprint PCS, Len led a dramatic turn around of the wireless division which resulted in a strong gain in the share price of the tracking stock. He then became the president and chief operating officer of Sprint. During this time frame, Sprint delivered strong improvements related to operational and financial performance. Len was the chief operating officer of Sprint Nextel for the first year of the merger. Prior to joining Sprint, he was president and CEO of Bell Atlantic-New Jersey. Lauer also spent more than 10 years with IBM, holding a variety of management positions in marketing and sales. Lauer holds a bachelor's degree in managerial economics from the University of California, San Diego.
Steve Mollenkopf began his career at Qualcomm in 1994 as an engineer and was a leading contributor to the Globalstar project before joining the QCT team in 1999. Serving in various capacities within QCT, Mollenkopf's technical and business leadership have been critical to the development and implementation of multiple industry-leading innovations. Immediately prior to being promoted to EVP, Mollenkopf served as senior vice president of product management and as the lead of the cellular products group for QCT. Mollenkopf led the development of Qualcomm's UMTS family of air interface technologies, including GSM, GPRS, EDGE, WCDMA, HSDPA and HSUPA, as senior vice president of engineering, before transitioning to a business role in 2007. Since 2001, he has been instrumental in building Qualcomm's position in the UMTS ecosystem, leading development efforts and establishing critical carrier, customer and infrastructure relationships in the market, enabling Qualcomm to grow into the industry's number one merchant chip supplier. Mollenkopf holds two electrical engineering degrees, including a BSEE from Virginia Tech and an MSEE from the University of Michigan at Ann Arbor.
Jim Lederer joined the Company in 1997 as a senior manager in Qualcomm's corporate strategic finance group, bringing 15 years of business and financial experience to the role. In 1999, he joined QCT and was promoted to vice president in 2001, assuming responsibility for the worldwide QCT finance organization. Prior to taking on his current role as EVP of business planning and finance, he served for three years as senior vice president on QCT's senior management team, playing a key role in the growth of the division during this time. Lederer's earlier career includes a seven-year stint at General Motors where he was responsible for the financial analysis and corporate reporting of a $1.8 billion division. Prior to joining Qualcomm, he spent four years at Motorola, working with multiple business units, manufacturing facilities and the company's cellular products division. He earned a bachelor of science in business administration and finance and a masters degree in business administration, both awarded by the State University of New York at Buffalo.
About Qualcomm
Qualcomm Incorporated (http://www.qualcomm.com/) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 100 Index, the S&P 500 Index and is a 2008 FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.
Qualcomm is a registered trademark of Qualcomm Incorporated. All other trademarks are the property of their respective owners.
Qualcomm Contacts:
Christine Trimble, Corporate Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
John Gilbert, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
Qualcomm Incorporated
CONTACT: Corporate Communications, Christine Trimble, +1-858-845-5959, corpcomm@qualcomm.com, or Investor Relations, John Gilbert, +1-858-658-4813, ir@qualcomm.com, both of Qualcomm Incorporated
Web site: http://www.qualcomm.com/
Qualcomm Elects Stephen Bennett to Board of Directors
SAN DIEGO, Aug. 4 /PRNewswire-FirstCall/ -- Qualcomm Incorporated , a leading developer and innovator of advanced wireless technologies and data solutions, today announced the election of Stephen M. Bennett to its Board of Directors. Bennett brings more than 30 years of financial and business expertise, including serving as CEO of Intuit, Inc. and holding several key executive positions at General Electric Company.
"We are pleased to welcome Steve Bennett as a member of Qualcomm's Board of Directors," said Dr. Irwin Mark Jacobs, chairman of Qualcomm. "His proven leadership, operational expertise and background in financial services should prove highly valuable to both board and management and is especially significant given Qualcomm's entrance into the emerging mCommerce global marketplace and the evolution of mobile banking."
Under Bennett's leadership as CEO of Intuit, the company's business grew from $900 million to $2.6 billion in revenue and the company's earnings more than quadrupled. Bennett joined Intuit from GE Capital, the financial services subsidiary of General Electric Corp. During his 23-year tenure at GE, Bennett held senior positions in several different divisions of the company. He most recently served as executive vice president and a member of the board of directors of GE Capital, where he oversaw a portfolio of five different companies with more than 20,000 employees. As president and CEO of GE Capital e-Business, he led the company's efforts to leverage the Internet across GE Capital's worldwide portfolio of businesses. Prior to that, as CEO of GE Capital's Vendor Financial Services business, he helped assets grow to more than $13 billion in four years. Bennett currently serves on the board of directors of Intuit, Inc. and Sun Microsystems, Inc. He holds a bachelor of arts in finance and real estate from the University of Wisconsin.
Qualcomm Incorporated (http://www.qualcomm.com/) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 100 Index, the S&P 500 Index and is a 2008 FORTUNE 500(R) company traded on The Nasdaq Stock Market(R) under the ticker symbol QCOM.
Qualcomm is a registered trademark of Qualcomm Incorporated. All other trademarks are the property of their respective owners.
Qualcomm Contacts:
Christine Trimble, Corporate Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
John Gilbert, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
Qualcomm Incorporated
CONTACT: Christine Trimble, Corporate Communications, +1-858-845-5959, corpcomm@qualcomm.com, or John Gilbert, Investor Relations, +1-858-658-4813, ir@qualcomm.com, both of Qualcomm
Web site: http://www.qualcomm.com/
China Fire & Security Group Inc. to Report Second Quarter 2008 Earnings Results on August 13, 2008
BEIJING, Aug. 4 /Xinhua-PRNewswire-FirstCall/ -- China Fire & Security Group, Inc. ("China Fire" or "the Company"), a leading industrial fire protection product and solution provider in China, announced today that it will report its second quarter 2008 earnings results on Wednesday, August 13, 2008, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing Time).
Interested participants should call 1-800-860-2442 when calling within the United States or 1-412-858-4600 when calling internationally. The pass code is "China Fire Call".
This call is being web cast by MultiVu and can be accessed by clicking on this link http://www.videonewswire.com/event.asp?id=50571 .
About China Fire & Security Group, Inc.
China Fire & Security Group, Inc. , through its wholly owned subsidiaries, Sureland Industrial Fire Safety Limited ("Sureland") and Tianjin Tianxiao Fire Safety Equipment ("Tianxiao"), is a leading total solution provider of industrial fire protection systems in China. Leveraging on its proprietary technologies, China Fire is engaged primarily in the design, manufacture, sales and maintenance services of a broad product portfolio including detectors, controllers, and fire extinguishers. Via its nationwide direct sales force, China Fire has built a solid client base including major companies in the iron and steel, power and petrochemical industries throughout China. China Fire has a seasoned management team with strong focus on standards and technologies. Currently, China Fire has 52 issued patents covering fire detection, system control and fire extinguishing technologies. Founded in 1995, China Fire is headquartered in Beijing with about 500 employees in more than 30 sales and project offices throughout China.
Cautionary Statement Regarding Forward Looking Information
This presentation may contain forward-looking information about China Fire & Security Group, Inc. and its wholly owned subsidiary Sureland which are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward- looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as ''believe,'' ''expect,'' ''may,'' ''will,'' ''should,'' ''project,'' ''plan,'' ''seek,'' ''intend,'' or ''anticipate'' or the negative thereof or comparable terminology, and include discussions of strategy, statements about industry trends and China Fire & Security Groups' future performance, operations and products. This and other ''Risk Factors'' are contained in China Fire & Security Groups' public filings with the SEC.
For more information, please contact:
China Fire & Security Group, Inc.
Robert Yuan, Chief Accounting Officer
Tel: +86-10-8441-7848
Email: ir@chinafiresecurity.com
Web: http://www.chinafiresecurity.com/
China Fire & Security Group, Inc.
CONTACT: Robert Yuan, Chief Accounting Officer of China Fire & Security Group, Inc., +86-10-8441-7848, or ir@chinafiresecurity.com
Web Site: http://www.chinafiresecurity.com/
Law Enforcement Agencies in Florida and Tennessee Continue Fleet Roll-Out of ICOP Digital In-Car Video SystemsLatest Re-Orders Total Approximately $320,000
LENEXA, Kan., Aug. 4 /PRNewswire-FirstCall/ -- ICOP Digital, Inc. , an industry-leading company engaged in advancing digital surveillance solutions, today announced that a mid-sized law enforcement agency in Florida has recently issued ICOP its third consecutive purchase order, totaling $160,000, for the continued deployment of ICOP Model 20/20 (R)-W digital in-car video systems in its fleet comprised of over 100 cars. Since July 2006, this police department has issued ICOP purchase orders totaling approximately $304,000.
The Company also announced that it has shipped an additional 31 units to an existing customer in Tennessee pursuant to a $164,000 re-order. To date, this law enforcement agency has purchased a total of 48 ICOP Model 20/20-W units for its patrol fleet of 90 cars since September 2007, representing cumulative sales to this agency of more than $275,000 thus far.
Dave Owen, Chairman and CEO of ICOP, stated, "We are very proud that, so far in 2008, over 50% of all purchase orders processed have been reorders from existing customers further demonstrating the high level of satisfaction and enduring loyalty that we continue to earn from our customers."
About ICOP Digital, Inc.
ICOP Digital, Inc. operates on the core principle that 'without local security, there is no national security.' It endeavors to protect people, assets and profits for communities with innovative, mission-critical security, surveillance and communication solutions. The Company engineers, manufactures and markets mobile and stationary surveillance products for use in the public and private sectors, and facilitates the delivery of live video to first responders. (GSA Contractor)
The ICOP Model 20/20(R)-W, ICOP's flagship, award-winning product, is the leading digital in-car video recorder system for law enforcement. ICOP LIVE(TM) delivers live streaming video to and from first responder vehicles and headquarters, empowering first responders with enhanced real-time situational awareness and actionable intelligence, optimizing the outcome of a crisis. ICOP LIVE delivers live video wirelessly to first responders over any wireless network and to multiple internet enabled Windows(R) devices simultaneously. The ICOP Model 4000(TM), ICOP's newest advanced surveillance solution, is the next generation transit/rail DVR system. The ICOP Model 4000 uses less power than traditional DVR's, which means less heat and translates into a more reliable unit with less downtime. In addition, the ICOP Model 4000 boasts many advanced and innovative features and capabilities, such as wireless file uploading and wireless video streaming, among many others.
For more information, please view the following video presentations at http://www.icopdigital.com/why_icop.html and http://www.icop.com/veil.html , or visit http://www.icop.com/ .
Safe Harbor Statement
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the Company and its operations, are included in certain forms the Company has filed with the Securities and Exchange Commission.
For more information, contact: For Investor/Media Relations:
Laura E. Owen, President and COO Elite Financial Communications
16801 West 116th Street Group/Elite Media Group
Lenexa, KS 66219 USA Dodi Handy, President and CEO
Phone: (913) 338-5550 Phone: (407) 585-1080
Fax: (913) 312-0264 ICOP@efcg.net
Lowen@ICOP.com
http://www.icop.com/
ICOP Digital, Inc.
Contact: Laura E. Owen, President and COO of ICOP Digital, Inc., +1-913-338-5550, Fax: +1-913-312-0264, Lowen@ICOP.com; or Investor-Media Relations: Dodi Handy, President and CEO of Elite Financial Communications Group-Elite Media Group, +1-407-585-1080, ICOP@efcg.net
Web site: http://www.icopdigital.com/why_icop.html http://www.icop.com/veil.html http://www.icop.com/
Marks & Spencer Implements Gift Cards With Postilion
LONDON and NORCROSS, Ga., Aug. 4 /PRNewswire-FirstCall/ -- Postilion, a leading provider of software solutions for self-service banking and payments and a division of S1 Corporation , today announced that Marks & Spencer has completed the implementation of a gift card program based on Postilion solutions.
The Postilion Card Issuer solution enables retailers to manage the entire life cycle of their gift cards, including traditional paper vouchers, gift card certificates, and electronic vouchers. This comprehensive solution controls the issuing, authorization, and account management for individual gift cards and batches of gift cards that can be offered as corporate incentives. Cards can be identified either by a magnetic stripe or a barcode and value is only loaded at the time of purchase. For multi-national retailers, such as Marks & Spencer, Postilion also provides the ability to issue and manage gift cards in multiple currencies, with the currency type loaded at the Point-of-Sale.
Following a successful pilot in the company's Irish stores, the Marks & Spencer gift card program was launched in all UK stores in November 2007. "For the past five years, we have used the Postilion Retail solution to process card payments from our in-store Points-of-Sale tills, so we were confident that Postilion could handle the gift card program," commented Darrell Stein, M&S Director of IT and logistics.
"Gift cards are proving increasingly popular with consumers in the UK, and the project with Marks & Spencer serves to highlight this," said Grant Wyatt, General Manager, Postilion Europe. "We see a growing awareness in the retail community of the benefits of running a gift card program in-house. Not only does this provide the retailer with greater control and flexibility, but as volumes of gift card sales increase, the cost advantage of running these programs in-house becomes obvious. Managing gift cards internally with the Postilion Card Issuer solution makes sense from both an economic and a business perspective for organizations where gift cards make up a strategic part of their customer offering."
About Marks & Spencer
Marks & Spencer (M&S) is one of the UK's leading retailers, with over 21 million people visiting its stores each week. It offers stylish, high quality, great value clothing and home products, as well as outstanding quality foods. M&S employs over 75,000 people in the UK and abroad, and has 643 stores in the UK and 258 stores in 40 territories globally. Marks & Spencer's total Group revenues for 2007/8 were 9.02bn pounds Sterling.
About Postilion
Postilion, a division of S1 Corporation , is a leading provider of integrated solutions for self-service banking and payment processing. Our offices, on five continents, serve over 1,500 customers in more than 50 countries. Postilion solutions drive self-service financial transactions and payments, including advanced transactions such as prepay, through Internet access points, ATMs, POS terminals, and phones.
More than 100,000 ATMs and 500,000 POS terminals worldwide run on Postilion solutions. In the United States, over 1,250 credit unions and community financial institutions use Postilion solutions. Built on open systems, Postilion solutions provide consolidated management information, card management, 3DES and EMV enablement, and loyalty management. At the forefront of compliance with new regulations and security enhancements, such as the Payment Card Industry Data Security Standard (PCI DSS) and Visa's Payment Application Best Practices (PABP), Postilion can help customers achieve compliance with the latest data security standards developed by the payment card industry. More information is available at http://www.postilion.com/.
About S1 Corporation
S1 Corporation delivers customer interaction software for financial and payment services and offers unique solution sets for financial institutions, retailers, and processors under three brand names: Postilion, S1 Enterprise and FSB Solutions. Additional information about S1 solutions is available at http://www.s1.com/, http://www.postilion.com/, http://www.s1enterprise.com/, and http://www.fsb-solutions.com/.
Forward-Looking Statements
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act. These statements include statements with respect to our financial condition, results of operations and business. The words "believes," "expects," "may," "will," "should," "projects," "contemplates," "anticipates," "forecasts," "intends" or similar terminology identify forward-looking statements. These statements are based on our beliefs as well as assumptions made using information currently available to us. Because these statements reflect our current views concerning future events, they involve risks, uncertainties and assumptions. Therefore, actual results may differ significantly from the results discussed in the forward-looking statements. The risk factors included in our reports filed with the Securities and Exchange Commission (and available on our web site at http://www.s1.com/ or the SEC's web site at http://www.sec.gov/) provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Except as provided by law, we undertake no obligation to update any forward-looking statement.
Postilion
CONTACT: Kato Oosthuizen of Postilion, +44 (0)1932 574 700, or kato.oosthuizen@postilion.com; or Mark Kember, +44 (0)20 8392 4062, or Mark.kember@axicom.com, for Postilion
Web site: http://www.postilion.com/ http://www.s1.com/ http://www.s1enterprise.com/ http://www.fsb-solutions.com/
NAVTEQ Showcases Innovative Customer Solutions and Data Collection Tools at the 2008 ESRI International User ConferenceEnhanced NAVTEQ Field Vehicles Collect Data in a Live Environment for ESRI Attendees
CHICAGO, August 4 /PRNewswire-FirstCall/ -- NAVTEQ, a leading global provider of digital map data for location-based solutions and vehicle navigation, will feature an array of customer presentations at the 2008 ESRI International User Conference in San Diego, CA (booth #701), August 4-8, 2008. NAVTEQ is again a Gold Sponsor of the ESRI International User Conference, the Federal Reception and the Transportation Industry Special Interest Group.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060313/NAVTEQLOGO)
Additionally, NAVTEQ geographic analysts will offer rides in enhanced field vehicles outside of the San Diego Convention Center (Hall B). Attendees will have the opportunity to participate in a live demonstration of the new multiview camera video system while learning how NAVTEQ map data is collected.
Customer presentations will be delivered during exhibit hours in NAVTEQ booth 701 and will touch on a variety of topics including Federal, State and Local Government; Mobile Resource Management; Workforce Management and Optimization; Business Intelligence; and Map Enhancement Tools.
Federal Government Presenters:
-- Applied Geographics, Inc.: FGDC Compliant Metadata for NAVTEQ North America Map Data used in HSIP Gold
Applied Geographics will describe the value of metadata that is fully compliant with FGDC metadata standards. The metadata was developed in collaboration with NAVTEQ for datasets used in HSIP Gold by the federal emergency management and homeland security infrastructure protection communities.
-- Ardent Management Consulting: The Department of Homeland Security Software-Integrated Common Analytical Viewer
The Integrated Common Analytical Viewer (iCAV) system is a web-based geospatial analytical and situational awareness system that helps the Department of Homeland Security mission partners to better prepare, prevent, respond and recover from natural and man-made disasters. At its foundation is NAVTEQ(R) map data, which supports location and viewing critical assets as well as imagery and other data layers.
-- Northrop Grumman Corporation: C/JMTK Geospatial Appliance (CGA)-Application Ready Data for Visualization and Analysis
The CGA by Northrop Grumman provides effective, user friendly access to worldwide coverage of NGA geospatial products. The tool is pre-loaded with RFP, VPF and DTED in application-ready formats to support your mission. The CGA is constantly evolving by incorporating ESRI software and NAVTEQ data updates.
State and Local Government Presenters:
-- ADASHI: Command Presence, Resource Control, and Communication Interoperability through ADASHI First Response Software
Coordinating fire, police, and EMS regional response efforts has become a critical responsibility for first responders. By integrating NAVTEQ map data, ADASHI has developed easy-to-use, all-hazard, incident response and command software that can help ESRI users achieve this goal.
-- City of Alpharetta, Georgia: NAVTEQ Data and Local Government Applications
The City of Alpharetta uses NAVTEQ map data in a wide variety of applications throughout many city departments. NAVTEQ map data and enhanced datasets are helping to meet the everyday needs for applications such as emergency response, crime analysis, work order management, Local Update of Census Addresses Program (LUCA - Census Bureau) and many others.
Mobile Resource Management Presenters:
-- FedEx Custom Critical: Real-Time Fleet Capacity Monitoring with ESRI Flex
FedEx Custom Critical utilizes ESRI tools and NAVTEQ map data to assist with a wide range of real-time fleet monitoring activities to keep track of critical shipments. Activities include: shipment visualization; capacity monitoring for fleet vehicles; shipment execution monitoring; and stop proximity, arrival, and departure monitoring.
-- GIS Solutions: Routing Utilizing NAVTEQ Transport(TM) Attributes in ArcGIS
NAVTEQ Transport truck attributes provide a variety of benefits when used in commercial vehicle routing. GIS Solutions will review the basics of truck attributes and illustrate how to integrate NAVTEQ Transport into a network dataset.
Workforce Management and Optimization Presenters:
-- OneGIS and EnergyCom Network: Integrating GIS with Prepaid Utility Meter Solutions
OneGIS, in conjunction with EnergyCom Network, provides a unique prepaid metering solution to the state of Texas. The ArcGIS server-based solution utilizes NAVTEQ map data to bring a unique set of real-time applications to the end user, including: IS-Centric Work Order Management, Marketing and Sales, Routing and Outage Management.
-- PHH: Fleet Telematics: Making NAVTEQ, ArcGIS and Cold Fusion Work in a Time Sensitive, High Volume Environment
PHH Onboard integrates advanced telematics technology with PHH's consultative expertise and comprehensive fleet information. This innovative new service will transform the way you manage your fleet, with capabilities that enable you to improve your corporate risk profile, easily monitor and eliminate excessive speed, reduce unauthorized use, increase driver productivity and enhance vehicle performance. Learn how PHH built this award-winning product using NAVTEQ data, ESRI ArcGIS, and MS SQL Server underneath a Cold Fusion-based user interface.
-- RouteSmart Technologies: RouteSmart for ArcGIS(TM)-Public Works Applications
Using NAVTEQ map data, RouteSmart for ArcGIS route optimization software helps to solve route planning problems in the public works industry.
Business Intelligence Presenters:
-- Business Objects an SAP Company: Move, Transform and Maximize the Quality of Your Data
At the core of every data initiative is the requirement for clean, trusted information. However, data is often transient and volatile, residing in multiple areas and entering the information network from various sources. Enable your organization to move, transform, and improve any type of data anywhere through address cleansing, data enhancement with geocoding using NAVTEQ map data, and data migration.
-- Intelligent Direct: Zip Code Data that Works in Your Organization
Intelligent Direct uses NAVTEQ map data in printed and digital form ranging from street maps, to ZIP code maps, to telecom maps. Discover how Intelligent Direct can help you to better utilize US Postal information in the form of ZIP code and Postal Carrier Route data, maps, and spatial analysis in order to discover new opportunities and better manage operations.
-- First American Proxix Solutions: Parcel Boundaries Redefining Geocoding Accuracy
Learn about the potential uses of parcel data in location intelligence and geocoding. With PxPoint's ability to geocode using NAVTEQ Parcel Boundaries(TM), clients can map and analyze the actual geographic location of clients, buildings, physical plans, infrastructure and assets for making smarter business decisions.
-- Tetrad Computer Applications: Site Selection and Market Planning Using PCensus for ArcGIS
PCensus integrates demographic data and ArcGIS to create a powerful mapcentric demographic analysis system. Designed specifically to analyze customers and markets, PCensus enables you to combine customer data with demographics and NAVTEQ map data for accurate market analysis.
Map Enhancement Tools and Licensing Presenters:
-- Placebase: A Fine Blend: Using the Pushpin API to Make the Most of ESRI Demographic and Map Data
Drawing on map data from NAVTEQ and a massive catalog of demographic and market variables from ESRI, the Pushpin API and Rendermap custom tile rendering service create powerful web-based GIS applications that maximize the value of data and put the power of customization in the hands of clients, developers, and users.
-- Tier 3, Incorporated: Lifecycle Approach to Land Base Change Management
Tier 3 software enables companies to reconcile and synchronize new releases and updates of NAVTEQ data and enhanced datasets (e.g., streets, parcels, polygons, POI's) with their internal land base and data maintenance activities that occurred between releases.
-- American Digital Cartography, Inc.: Everything You Need to Know About Licensing Data
Licensing options, terms, official agreements, and legal jargon are often confusing and difficult to understand. This educational presentation provides participants with the knowledge needed to license NAVTEQ map data. From internal users, to public websites, to transaction based licensing-and everything in between!
"NAVTEQ is excited to be a part of the 2008 ESRI International User Conference along with some of our most innovative customers and end users," commented Roy Kolstad, vice president and general manager-Enterprise Americas, NAVTEQ. "Through this year's activities, we will also illustrate how our map data is collected in a live environment and applied in real-life solutions to create the most comprehensive database available."
About NAVTEQ
NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. NAVTEQ creates the digital maps and map content that power navigation and location-based services solutions around the world. The Chicago-based company was founded in 1985 and has more than 3,600 employees located in 187 offices and in 39 countries.
NAVTEQ, NAVTEQ Transport and NAVTEQ Parcel Boundaries are trademarks of NAVTEQ in the U.S. and other countries. All rights reserved.
Photo: http://www.newscom.com/cgi-bin/prnh/20060313/NAVTEQLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
NAVTEQ
CONTACT: Jennifer Schuh of NAVTEQ, +1-312-894-3913, jennifer.schuh@navteq.com; or Bob Richter, +1-212-802-8588, bob@richtermedia.com for NAVTEQ
Web site: http://www.navteq.com/
Sanjay Jha Named Co-Chief Executive Officer of Motorola and Chief Executive Officer of Mobile Devices BusinessGreg Brown, Co-Chief Executive Officer of Motorola, Named Chief Executive Officer of Broadband Mobility Solutions Business
SCHAUMBURG, Ill., Aug. 4 /PRNewswire-FirstCall/ -- Motorola, Inc. today announced its Board of Directors has named Dr. Sanjay Jha as Co-Chief Executive Officer of Motorola and Chief Executive Officer of Motorola's Mobile Devices business, effective immediately. Jha will be responsible for overseeing all aspects of the Company's Mobile Devices business and report directly to the Board. Greg Brown will also serve as Co-Chief Executive Officer of Motorola and has been named Chief Executive Officer of Motorola's Broadband Mobility Solutions business which consists of the Home & Networks Mobility and Enterprise Mobility Solutions businesses. Brown and Jha will share responsibility for Motorola as it moves towards separating into two independent, publicly-traded companies.
On behalf of the Motorola Board of Directors, David Dorman, chairman of the Board, said, "Sanjay's technical expertise and industry experience make him ideally suited to lead Mobile Devices. As Co-CEOs, Greg and Sanjay will build on the significant changes and solid progress achieved at Motorola and the Mobile Devices business under Greg's leadership during the last seven months. I believe this is the right structure with the right leaders to provide the necessary management focus and agility to position both businesses for long term success."
"I am delighted Sanjay will be joining Motorola as Co-CEO and as CEO of Mobile Devices, and I look forward to partnering with him. Our ability to attract a leader of Sanjay's caliber is a testament to the strong potential of the Mobile Devices business," said Greg Brown, Co-CEO of Motorola and CEO of Motorola's Broadband Mobility Solutions business. "I am confident Sanjay will continue the important progress we have made and strengthen our ability to deliver innovative products and experiences to market for the long-term future of this business."
"Motorola is the pioneer in mobile devices and I am honored to become Co-CEO of this Company and CEO of the Mobile Devices business," said Jha. "I welcome the opportunity to lead this Company into the future, while working to create a successful independent Mobile Devices company that will continue to innovate and grow for years to come. I look forward to working closely with Greg, the Board, the senior leadership team, and Motorola's talented, hard-working and dedicated associates around the globe to build value for our stockholders."
Jha, age 45, most recently served as chief operating officer of QUALCOMM Incorporated where he was responsible for overseeing Corporate Research and Development and QUALCOMM Flarion Technologies (QFT). Jha also served as president of QUALCOMM CDMA Technologies (QCT), QUALCOMM's chipset and software division and the world's largest fabless semiconductor producer for the last five years. Jha began his career at QUALCOMM in 1994. He was promoted to vice president of engineering in 1997, and then to senior vice president of engineering in 1998. Jha became executive vice president of QUALCOMM and president of QCT in 2003. He was named COO in December 2006. He is also a member of the QUALCOMM Ventures advisory committee. Prior to joining QUALCOMM, Jha held lead design engineering roles with Brooktree Corporation, San Diego, and GEC Hirst Research Labs, London, England.
Jha holds a Ph.D. in electronic and electrical engineering from the University of Strathclyde, Scotland. He received his bachelor of science degree in engineering from the University of Liverpool, England.
Motorola has entered into an employment agreement with Jha, the material terms of which are described in a Current Report on Form 8-K that the Company will file with the Securities and Exchange Commission. As part of Jha's equity compensation package, Motorola will grant certain stock options and restricted stock units pursuant to the inducement award exception to the stockholder approval requirements under the New York Stock Exchange rules as described in the Form 8-K.
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
Forward Looking Statements
This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to statements about the separation of the Company into two publicly-traded companies. Motorola cautions the reader that the risk factors on page 18 through 27 of Item 1A of Motorola's 2007 Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission (SEC), could cause Motorola's actual results to differ from those contained in the forward-looking statements. Factors that may impact forward-looking statements include, but are not limited to: market conditions in general and those applicable to alternatives for the Company's businesses, possible negative effects on the Company's business operations, financial performance or assets as it moves forward with its plan to separate into two companies and tax and regulatory matters. Motorola undertakes no obligation to publicly update any forward-looking statement or risk factor; whether as a result of new information, future events or otherwise.
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Motorola, Inc.
CONTACT: Media, Jennifer Erickson, +1-847-435-5320, jennifer.erickson@motorola.com, or Investors, Dean Lindroth, +1-847-576-6899, dean.lindroth@motorola.com, both of Motorola, Inc.
Web site: http://www.motorola.com/
Motorola Centralizes Remote Management for Enterprise Mobile DevicesMobility Services Platform expands to offer scalability, reliability and analysis capabilities to help reduce cost of mobile device management
HOLTSVILLE, N.Y., Aug. 4 /PRNewswire-FirstCall/ -- The Enterprise Mobility business of Motorola, Inc. today announced the availability of its Mobility Services Platform 3.2 (http://www.motorola.com/mspsoftware) (MSP 3.2), which offers enhanced management capabilities to maximize enterprise mobile device uptime and utilization among mobile workers.
At the press of a few buttons, this comprehensive enterprise mobility (http://www.motorola.com/Enterprise) management solution can control up to 100,000 mobile devices across an enterprise's network around the world helping businesses realize the full benefits of mobility applications. With remote provisioning, monitoring and management, MSP 3.2 delivers a hassle-free mobile computing experience to help enterprises manage a broad set of devices within retail, transportation and logistics, warehouse and healthcare environments.
MSP 3.2 provides a seamless and secure management architecture to quickly and cost-effectively add new rugged mobile computers, enterprise digital assistants or bar code scanners on the network -- from out-of-the-box to running business-critical applications in seconds. Network administrators can wirelessly provision mobile computers from virtually any location without having to physically handle devices when updating operating systems, firmware, applications and security to meet the latest IT compliance policies. For enterprise devices that are either lost or stolen, MSP 3.2 can lock down or wipe the device of key information based on local policy or remotely from the management console.
With MSP 3.2 (http://www.motorola.com/mspsoftware), administrators have access to a robust set of monitoring and analysis tools to improve enterprise mobile device reliability both inside and outdoors. Motorola's MSP 3.2 solution offers proactive issue management capabilities to monitor the health and performance of devices to spot developing issues and avoid service disruptions, helping to reduce maintenance costs and eliminate unnecessary worker downtime. MSP 3.2 also collects meaningful enterprise device metrics including available memory and storage, battery usage, power cycles, scans, and wireless network signal quality. In addition, IT managers can deliver customized messages to end-users, alert them to issues and provide simple instructions to fix or update applications. These highly flexible functions provide organizations with the rich data needed to better understand and troubleshoot isolated problems.
"As the enterprise mobile workforce continues to expand and applications become more advanced, businesses must find ways to support mobile workers and troubleshoot mobile computing issues faster and more cost-effectively," said Boris Metlitsky, senior vice president of product development, Motorola Enterprise Mobility business. "Motorola's MSP 3.2 is enabling the next wave of enterprise mobility by protecting organizations' IT investments by providing anywhere, anytime error-proof staging and provisioning. By dramatically reducing the time and expense typically associated with device management and delivering a productivity increase, MSP 3.2 provides a nearly instant return on their investment."
The MSP 3.2 software application can be easily integrated into any enterprise environment running standards-based, off-the-shelf server equipment. This simplifies installation by not requiring additional hardware for the mobile management solution (http://www.motorola.com/mspsoftware) and lowers the enterprise mobility deployment cost.
MSP 3.2 is now shipping on Motorola MC35, MC50, MC70, and MC75 Enterprise Digital Assistants (EDA), MC3000 and MC9000 mobile computers, and Motorola Micro Kiosk self-service devices. Additionally MSP 3.2 supports a wide array of non-Motorola mobile devices such as mobile printers, signature capture pads and registers to ease device management for the network administrator.
MSP 3.2 is part of Motorola's Mobility Suite, a comprehensive, reliable, scalable, enterprise software suite that allows organizations to effectively connect, communicate and control their wireless devices, applications resident on those devices and wireless (WLAN) infrastructure. The Mobility Suite consists of robust modular software products that provide the planning and day-to-day management tools needed to address the most significant and costly challenges associated with enterprise mobility solutions -- deployment, optimization, management, and protection throughout the lifecycle of the entire mobility solution.
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
MOTOROLA and the stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their respective owners. (C) Motorola, Inc. 2008. All rights reserved.
Photo: http://www.newscom.com/cgi-bin/prnh/20020307/MOTLOGO http://www.newscom.com/cgi-bin/prnh/20020415/MOTNOTAGLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Motorola, Inc.
CONTACT: Traci Hoch of Motorola, Inc., +1-631-738-5426, traci.hoch@motorola.com
Web site: http://www.motorola.com/
AT&T Expands International Offerings for TravelersCall Home, Search the Internet, Send E-Mail or Get GPS Directions While Abroad - All From Your AT&T Mobile Device
DALLAS, Aug. 4 /PRNewswire-FirstCall/ -- As the world gets ready to travel to the upcoming Olympic Games in Beijing, AT&T Inc. today announced expanded wireless international service offerings to help keep customers connected to home and work around the world.
Beyond the best global footprint and the most world phones, AT&T's new global offerings include:
* New international data discount plans for smartphone and LaptopConnect
users.
* Increased global voice and data coverage:
o International data roaming coverage in more than 150 countries, up
from 145.
o More countries where discounted data packages apply -- up from 41 to
67.
o International roaming coverage on more major cruise ships -- up from
75 to 120.
* New global GPS navigation with turn-by-turn GPS directions in the six
Olympic cities in China, as well as Western Europe and North America.
In addition, AT&T is launching a series of new advertisements as part of its multimillion-dollar campaign to educate customers about traveling abroad with wireless devices.
An Omnibus survey of 1,000 U.S. consumers conducted by AT&T shows that while 61 percent of mobile phone owners are likely to take their wireless devices with them when they travel overseas, more than half of the respondents did not know whether their devices would work outside the country. Also, many were not aware that international roaming is an additional cost.
To help travelers stay connected and manage their wireless costs, AT&T offers a variety of resources to help customers. AT&T's Travel Guide (http://www.att.com/travelguide) allows customers to create an itinerary with rate information for up to 10 international destinations as well as review discounted voice and data packages. The tool allows customers to input information about their wireless device -- a BlackBerry(R) vs. a Razr, for example -- so accurate rate-plan information is presented.
"The ability to use your everyday AT&T device around the world makes international travel easier and more convenient," said Bill Hague, executive vice president of International for AT&T's wireless unit. "We provide our customers with the complete solution to stay in touch with family, friends and business colleagues while abroad -- all on the same wireless number and device they use at home."
More Data in More Countries
Beginning today, smartphone and LaptopConnect users will have new options for using data abroad at discounted rates. AT&T has also increased the number of countries, from 41 to 67(1), in which it offers discounted data rates.
With more customers increasingly using more data when traveling abroad, AT&T is offering two new plans with even larger "buckets":
* 50 MB of data in 67 countries for an additional $59.99 a month for
smartphone users
* 5 GB of data in the U.S. plus 200 MB in 67 countries for $229.99 a month
for LaptopConnect users
These new plans are in addition to a variety of existing plans, which range from 20 MB to 100 MB.
With access to e-mail, Web browsing and other applications that can use a significant amount of data, smartphone, iPhone and laptop users might find themselves using more data than they thought while traveling abroad. International data usage is not included in U.S. data plans, but customers can save money on international data usage by signing up for one of AT&T's international data plans and following some simple tips at http://www.att.com/wirelesstraveltips.
More Global Voice and Data Coverage in More Places and More World Phones
With the largest global footprint of any wireless provider, only AT&T customers can make and receive calls in more than 200 countries and send e-mail and browse the Web in more than 150 countries, including more than 60 countries with high speed third-generation (3G) coverage. AT&T has also expanded its voice and data coverage on major cruise ships to 120 from 75.
AT&T offers customers the most world phones among U.S. wireless service providers, with more than 40 world devices available, including iPhone 3G. AT&T customers can take their new iPhone 3G devices to Beijing and around the world, including Japan and South Korea, which require a device that operates on 2100 MHz. AT&T today offers five phones -- iPhone 3G, BlackJack II, Sony Ericsson z750, AT&T Tilt and Palm Treo 750 -- and several PC cards that operate in Japan and South Korea.
Global GPS Navigation
AT&T also recently announced the availability of AT&T Navigator Global Edition, the only GPS-based service available from a U.S. wireless carrier to provide international navigation capabilities. The new offering provides verbal or text-based turn-by-turn directions in the six Olympic cities of Beijing, Shanghai, Qingdao, Shenyang, Tianjin and Qinhuangdao as well as most western European countries, North America and the U.S. Caribbean.
Additionally, the company is providing select family members of Team USA athletes and 10 grand-prize winners of AT&T's "How Are You Connected" to Team USA sweepstakes with Samsung BlackJack II devices with AT&T international wireless service so they can stay connected to friends and family back home while they're enjoying the Olympic Games in Beijing.
For more information about international coverage and rates, customers can visit http://www.att.com/wirelessinternational or call 866-MOBILITY.
(1) The discounted data roaming package rate applies in Anguilla, Antigua
and Barbuda, Aruba, Australia, Austria, Barbados, The Bahamas,
Belgium, Bermuda, British Virgin Islands, Canada, Cayman Islands,
Chile, China, Colombia, Czech Republic, Denmark, Dominica, Egypt, El
Salvador, France, French Guiana, Germany, Greece, Grenada, Guadeloupe,
Guam, Guatemala, Haiti, Hong Kong, Hungary, India, Ireland, Israel,
Italy, Jamaica, Japan, Korea, Liechtenstein, Luxembourg, Martinique,
Mexico, Monaco, Montserrat, The Netherlands, Netherland Antilles, New
Zealand, Norway, Poland, Portugal, Romania, San Marino, Singapore,
Slovak Republic, South Korea, Spain, St. Kitts and Nevis, St. Lucia,
St. Martin, St. Vincent and the Grenadines, Sweden, Switzerland,
Taiwan, Trinidad and Tobago, Turks and Caiccos, United Kingdom and
Vatican City.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information and detailed disclaimer information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Alexandra Trask of AT&T Inc., +1-404-236-6273, alexandra.trask@att.com
Web site: http://www.att.com/
EZchip Announces Record Second Quarter Revenues of $8 Million and Significant Growth in non-GAAP ProfitabilityCorporate Name Changed to EZchip Semiconductor Ltd.
YOKNEAM, Israel, August 4 /PRNewswire-FirstCall/ -- EZchip Semiconductor Ltd. (formerly LanOptics Ltd.), a provider of network processors, today announced its results for the quarter ended June 30, 2008.
Second Quarter 2008 Highlights:
- Second quarter revenues increased 74% year-over-year and 15%
sequentially
- Gross margin for the quarter improved to 58.6% on a GAAP basis and
66.3% on non-GAAP basis
- Net loss for the quarter totaled $0.1 million on a GAAP basis
- Non-GAAP net income for the quarter of $1.3 million
- Delivered samples of the NP-3 Network Processor to customers
- Changed company name from LanOptics Ltd. to EZchip Semiconductor Ltd.
Total revenues in the second quarter of 2008 were $8.0 million, an increase of 74% compared to $4.6 million in the second quarter of 2007, and an increase of 15% compared to $7.0 million in the first quarter of 2008.
Net results. On a GAAP basis, net loss for the second quarter of 2008 narrowed to $0.1 million, or $0.01 per share, compared to a net loss of $1.6 million, or $0.10 per share, in the second quarter of 2007, and a net loss of $6.3 million, or $0.28 per share, in the first quarter of 2008. Net income on a non-GAAP basis for the second quarter of 2008 grew to $1.3 million, or $0.05 per share (diluted), compared with a non-GAAP net loss of $0.1 million, or $0.01 per share, in the second quarter of 2007, and non-GAAP net income of $0.5 million, or $0.02 per share (diluted), in the first quarter of 2008.
Cash, cash equivalents and marketable securities as of June 30, 2008 totaled $44.1 million compared to $44.7 million as of March 31,2008. Cash was used in the quarter for general working capital requirements; mainly non recurring engineering (NRE) payments associated with the sampling of the NP-3 network processor and the continued progress of the NPA network processor.
"I am very pleased with our performance in the second quarter of 2008, which was another record quarter for the company," commented Eli Fruchter, CEO of EZchip. "We experienced a strong year-over-year and sequential ramp in revenues, primarily driven by demand for our NP-2 network processor. We also experienced a strong improvement in our gross margins, due to a favorable product and customer mix in the quarter, as well as initial royalty-related revenues. During the quarter, we also began shipping samples of our mainstream NP-3 network processor to customers. Based on our current test results, we expect to commence production of the chip in the near future. In addition, the recent change of our corporate name from LanOptics to EZchip Semiconductor is a milestone in our corporate history and concludes a long process of simplifying our corporate structure under the unified EZchip brand name."
Conference Call
The Company will be hosting a conference call today, August 4, 2008, at 10:00am ET, 07:00am PT, 03:00pm UK time and 05:00pm Israel time. On the call, management will review and discuss the results, and will be available to answer investor questions.
To participate through live webcast, please access our website: http://www.ezchip.com/, at least 5 minutes before the conference call commences.
To participate through the dial-in, please call one of the following teleconferencing numbers. Please begin placing your call at least 10 minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number.
US Dial-in Number: 1-888-935-4577;
International Dial-in Number : +1-718-354-1389;
Israel Dial-in Number: 1-809-246-002
For those unable to listen to the live call, a replay of the call will be available the day after the call under the 'Investor Relations' section of the website.
Use of Non-GAAP Financial Information
In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), this release of operating results also contains non-GAAP financial measures, which we believes are the principal indicators of the operating and financial performance of its business. The non-GAAP financial measures exclude the effects of stock-based compensation charges recorded in accordance with SFAS 123R, amortization of purchased tangible and intangible assets, in-process research and development charge, amortization of discount on long-term loan and minority interest in loss of EZchip Technologies. Management believes the non-GAAP financial measures provided are useful to investors' understanding and assessment of our on-going core operations and prospects for the future, as the charges eliminated are not part of the day-to-day business or reflective of the core operational activities of the Company. Management uses these non-GAAP financial measures as a basis for strategic decisions, forecasting future results and evaluating the Company's current performance. However, such measures should not be considered in isolation or as substitutes for results prepared in accordance with GAAP. Reconciliation of the non-GAAP measures to the most comparable GAAP measures are provided in the schedules attached to this release.
About EZchip
EZchip is a fabless semiconductor company that provides Ethernet network processors for networking equipment. EZchip provides its customers with solutions that scale from 1-Gigabit to 100-Gigabits per second with a common architecture and software across all products. EZchip's network processors provide the flexibility and integration that enable triple-play data, voice and video services in systems that make up the new Carrier Ethernet networks. Flexibility and integration make EZchip's solutions ideal for building systems for a wide range of applications in telecom networks, enterprise backbones and data centers. For more information on our company, visit the web site at http://www.ezchip.com/.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements that are not historical facts and may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. These statements are only predictions based on EZchip's current expectations and projections about future events. There are important factors that could cause EZchip's actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Those factors include, but are not limited to, the impact of competitive products, product demand and market acceptance risks, customer order cancellations, reliance on key strategic alliances, fluctuations in operating results, delays in development of highly-complex products and other factors indicated in EZchip's filings with the Securities and Exchange Commission (SEC). For more details, refer to EZchip's SEC filings and the amendments thereto, including its Annual Report on Form 20-F filed on March 27, 2008 and its Current Reports on Form 6-K. EZchip undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in our expectations, except as may be required by law.
EZchip Semiconductor Ltd.
Condensed Consolidated Statements of Operations
(U.S. Dollars in thousands, except per share amounts)
(Unaudited)
Three Months Ended
June 30, March 31, June 30,
2008 2008 2007
Revenues $ 8,008 $ 6,950 $ 4,608
Cost of revenues 2,835 3,141 1,918
Amortization
of purchased
technology 479 611 258
Gross profit 4,694 3,198 2,432
Operating expenses:
Research and
development, net 3,341 2,958 2,630
In-process research
and development
charge -- 5,125 --
Selling, general
and administrative 1,812 1,715 1,865
Total operating
expenses 5,153 9,798 4,495
Operating loss (459) (6,600) (2,063)
Financial and
other income, net 318 291 35
Loss before
minority interest (141) (6,309) (2,028)
Minority interest
in loss of EZchip
Technologies 8 13 391
Net loss $(133) $(6,296) $(1,637)
Net loss per share $(0.01) $(0.28) $(0.10)
Weighted average
number of shares
used in per share
calculation 23,336,718 22,112,432 15,780,583
EZchip Semiconductor Ltd.
Reconciliation of GAAP to Non-GAAP Measures
(U.S. Dollars in thousands, except per share amounts)
(Unaudited)
Three Months Ended
June 30, March 31, June 30,
2008 2008 2007
GAAP gross profit $ 4,694 $ 3,198 $ 2,432
Stock-based
compensation 32 20 10
Amortization of
purchased tangible
& intangible
assets 586 963 275
Non-GAAP gross
profit $ 5,312 $ 4,181 $ 2,717
GAAP gross profit
as percentage of
revenues 58.6% 46.0% 52.8%
Non-GAAP gross
profit as percentage
of revenues 66.3% 60.2% 59.0%
GAAP operating
expenses $ 5,153 $ 9,798 $ 4,495
Stock-based
compensation:
Research and
development (430) (306) (862)
Selling, general
and administration (299) (234) (683)
Amortization of
purchased intangible
assets:
In-process research
and development charge -- (5,125) --
Selling, general
and administration (120) (118) (8)
Non-GAAP operating
expenses $ 4,304 $ 4,015 $ 2,942
GAAP operating loss $ (459) (6,600) $ (2,063)
Non-GAAP operating
income/ (loss) $ 1,008 $ 166 $ (225)
GAAP net loss $ (133) $ (6,296) $ (1,637)
Stock-based
compensation 761 560 1,556
Amortization of
purchased assets
and discount on
long-term loan 706 1,081 345
In-process research
and development
charge 5,125
Minority interest
in loss of EZchip
Technologies (8) (13) (391)
Non-GAAP net
income/(loss) $ 1,326 $ 457 $ (127)
Non-GAAP net
income/(loss)
per share -
Diluted $ 0.05 $ 0.02 $ (0.01)
Non-GAAP weighted
average shares -
Diluted * 23,459,692 22,169,404 15,780,583
* In calculating diluted non-GAAP net income per share, the diluted weighted average number of shares outstanding excludes the effects of stock-based compensation charges under SFAS 123R.
EZchip Semiconductor Ltd.
Condensed Consolidated Balance Sheet
(U.S. Dollars in thousands)
June 30, December 31,
2008 2007
(Unaudited) (Audited)
ASSETS
CURRENT ASSETS:
Cash, cash equivalents and
marketable securities $ 44,113 $ 42,628
Trade receivables, net 5,101 2,877
Other receivables 802 1,180
Inventories 2,787 3,109
Total current assets 52,803 49,794
LONG-TERM INVESTMENTS:
Prepaid development and production
costs, net 101 148
Severance pay fund 3,374 2,640
Total long-term investments 3,475 2,788
PROPERTY AND EQUIPMENT, NET 311 394
Goodwill 96,276 49,533
Intangible assets, net 7,924 2,736
TOTAL ASSETS $ 160,789 $ 105,245
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Trade payables $ 744 $ 254
Other payables and accrued expenses 4,200 3,524
Total current liabilities 4,944 3,778
LONG TERM LIABILITIES:
Accrued severance pay 4,234 3,272
EMPLOYEE STOCK OPTIONS IN EZCHIP
TECHNOLOGIES 2,472 2,141
PREFERRED SHARES IN EZCHIP TECHNOLOGIES -- 23,770
SHAREHOLDERS' EQUITY:
Share capital 134 106
Additional paid-in capital 245,843 162,233
Accumulated other comprehensive loss (365) (11)
Accumulated deficit (96,473) (90,044)
Total shareholders' equity 149,139 72,284
TOTAL LIABILITIES AND SHAREHOLDERS'
EQUITY $ 160,789 $ 105,245
Contact:
Ehud Helft
CCGK Investor Relations
info@gkir.com
Tel: (US) +1-646-797-2868 / +1-646-201-9246
EZchip Semiconductor Ltd
CONTACT: Contact: Ehud Helft, CCGK Investor Relations, info@gkir.com, Tel: (US) +1-646-797-2868 / +1-646-201-9246
BNY Mellon Asset Servicing Announces Automated Trade Capture of OTC DerivativesVariety of Trade Capture Mechanisms Offered
NEW YORK, Aug. 4 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing, the global leader in securities servicing, has achieved operational readiness for the automated trade capture of over-the-counter (OTC) derivatives through the SWIFT network using the Financial Products Markup Language (FpML) standard.
"With more than 60,000 OTC transactions processed per month, trade capture automation is a key goal," said Ahmad Sharif, managing director and head of the derivatives product group at BNY Mellon Asset Servicing. "This leads to more efficient and accurate mid-office and back-office operations. It helps the valuation process, collateral management and counter party reconciliation."
FpML is recognized by the International Swaps and Derivatives Association (ISDA) community as the standard of choice to communicate electronic information related to over-the-counter derivatives transactions. SWIFTNet FpML was introduced in 2007 in conjunction with ISDA and the SWIFT FpML closed user group and extended in March 2008 to include additional message types. It provides secure, reliable transport of interest rate and credit swap contract notification messages between asset managers and custodians.
BNY Mellon first achieved connectivity to receive production SWIFTNet FpML in December 2007 and has been testing with several investment managers over the last six months. In addition to SWIFT, BNY Mellon offers a variety of trade capture mechanisms including custom data files and spread sheets in improving STP rates with derivative instruments.
"Automation of OTC derivatives notification using a standard protocol that is integrated with clients' other SWIFT traffic is a significant step in enhancing OTC derivatives processing," said Sharif. "This is a key milestone in mitigating risks for these swap products and is part of our continuous process improvement program of derivatives."
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing provides services through The Bank of New York Mellon and other related companies.
The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has more than $23 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $12 trillion in outstanding debt. Additional information is available at bnymellon.com.
The Bank of New York Mellon Corporation
CONTACT: Mike Dunn of The Bank of New York Mellon Corporation, +1-212-922-7859, mike.g.dunn@bnymellon.com
Web site: http://www.bnymellon.com/
Telanetix to Hold Second Quarter 2008 Results Conference Call on August 14, 2008
SAN DIEGO, Aug. 4 /PRNewswire-FirstCall/ -- Telanetix, Inc. (OTC BB: TNXI), a leading communications solutions provider of telepresence and voice over IP (VoIP) services, is scheduled to host a conference call to discuss the second quarter 2008 results on Thursday, August 14, 2008 at 10:00 a.m. PT (1:00 p.m. ET). Management will deliver prepared remarks and conduct a question and answer session.
To access the call in the United States, dial 888-713-4199 and to access the call internationally, dial 617-213-4861 and enter pass code 27301419. The call will also be broadcast live over the Internet and will be available for replay for 90 days at http://www.telanetix.com/. A telephone replay will be available two hours after the call through August 16, 2008 by dialing 888-286-8010 in the United States and 617-801-6888 for international callers. All parties will need the following replay pass code 61894960.
About Telanetix, Inc.
Telanetix is a leading communications solutions provider offering telepresence and voice over IP (VoIP) services to all business market segments. Telanetix solutions meet the real-world communications demands of its customers with an industry-leading value proposition. The company's telepresence offering, called Digital Presence(TM), creates fully immersive and interactive meeting environments that incorporate voice, video and data from multiple locations into a single environment. The company's Voice offerings, marketing under the "AccessLine" brand, give companies flexible calling solutions, a simpler installation experience, and a greater range of support options than traditional telecom providers. Additional information may be found at the Telanetix corporate website, http://www.telanetix.com/.
Telanetix, Inc.
CONTACT: Company, Kent Hellebust of Telanetix, Inc., +1-206-515-9160, khellebust@telanetix.com; or Investor Relations, Jeff Salzwedel of Salzwedel Financial Services, +1-503-722-7300, jeff@sfcinc.com; or Media, Todd Barrish of Dukas PR, +1-212-704-7385, todd@dukaspr.com, both for Telanetix, Inc.
Web site: http://www.telanetix.com/
Broadcom Announces New Share Repurchase Program
IRVINE, Calif., Aug. 4 /PRNewswire-FirstCall/ -- Broadcom Corporation announced that at its Board of Directors has authorized a new program to repurchase shares of Broadcom's Class A common stock having an aggregate value of up to $1.0 billion, depending on market conditions and other factors. Repurchases under the program may be made at any time during the period commencing July 31, 2008 and extending through and including July 31, 2011.
Since 2005, Broadcom has previously spent $2.43 billion to repurchase stock prior to the program announced today.
Repurchases under the new program will be made in open market or privately negotiated transactions in compliance with Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements and other factors. Broadcom expects to use cash on hand to fund the repurchases. The plan does not obligate Broadcom to acquire any particular amount of common stock, and it may be suspended at any time at the company's discretion.
About Broadcom
Broadcom Corporation is a major technology innovator and global leader in semiconductors for wired and wireless communications. Broadcom products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. We provide the industry's broadest portfolio of state-of-the-art, system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. These solutions support our core mission: Connecting everything(R).
Broadcom is one of the world's largest fabless semiconductor companies, with 2007 revenue of $3.78 billion, and holds over 2,800 U.S. and 1,200 foreign patents, more than 7,300 additional pending patent applications, and one of the broadest intellectual property portfolios addressing both wired and wireless transmission of voice, video and data.
Broadcom is headquartered in Irvine, Calif., and has offices and research facilities in North America, Asia and Europe. Broadcom may be contacted at +1.949.926.5000 or at http://www.broadcom.com/.
Cautions regarding Forward Looking Statements:
All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward- looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. Examples of such forward-looking statements include, but are not limited to, our ability to use cash on hand to fund repurchases under the new share repurchase program and the types of transactions pursuant to which repurchases will be made under the new program. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.
These risks and uncertainties include, but are not limited to:
-- general economic and political conditions and specific conditions in the markets we address, including the continuing volatility in the technology sector and semiconductor industry, trends in the broadband communications markets in various geographic regions, including seasonality in sales of consumer products into which our products are incorporated, and possible disruption in commercial activities related to terrorist activity or armed conflict;
-- the timing, rescheduling or cancellation of significant customer orders and our ability, as well as the ability of our customers, to manage inventory;
-- our dependence on a few significant customers for a substantial portion of our revenue;
-- the gain or loss of a key customer, design win or order;
-- the rate at which our present and future customers and end-users adopt Broadcom's technologies and products in our target markets;
-- our ability to specify, develop or acquire, complete, introduce, market and transition to volume production new products and technologies in a cost-effective and timely manner;
-- the availability and pricing of third party semiconductor foundry, assembly and test capacity and raw materials;
-- intellectual property disputes and customer indemnification claims and other types of litigation risk;
-- risks and uncertainties resulting from Broadcom's equity award review, including potential claims and proceedings related to such matters, such as shareholder litigation and any action by the SEC, U.S. Attorney's Office or other governmental agency that has resulted in, and could result in, further civil or criminal sanctions against the company and/or certain of our current or former officers, directors or employees, or other actions taken or required as a result of the review, and the extent to which we are able to receive reimbursement of our expenses related to such litigation and actions through our directors' and officers' insurance carriers. In the event that the company's coverage under these policies is reduced or denied, our financial exposure would be increased;
-- our ability to retain, recruit and hire key executives, technical personnel and other employees in the positions and numbers, with the experience and capabilities, and at the compensation levels needed to implement our business and product plans;
-- the effectiveness of our expense and product cost control and reduction efforts;
-- our ability to scale our operations in response to changes in demand for our existing products and services or demand for new products requested by our customers; the quality of our products and any potential remediation costs;
-- competitive pressures and other factors such as the qualification, availability and pricing of competing products and technologies and the resulting effects on sales and pricing of our products;
-- our ability to timely and accurately predict market requirements and evolving industry standards and to identify opportunities in new markets;
-- the risks of producing products with new suppliers and at new fabrication and assembly and test facilities;
-- problems or delays that we may face in shifting our products to smaller geometry process technologies and in achieving higher levels of design integration;
-- delays in the adoption and acceptance of industry standards in our target markets;
-- changes in our product or customer mix;
-- the volume of our product sales and pricing concessions on volume sales;
-- the timing of customer-industry qualification and certification of our products and the risks of non-qualification or non-certification;
-- fluctuations in the manufacturing yields of our third party semiconductor foundries and other problems or delays in the fabrication, assembly, testing or delivery of our products;
-- the risks and uncertainties associated with our international operations, particularly in light of terrorist activity, armed conflict or political unrest; and
-- the level of orders received that can be shipped in a fiscal quarter.
Our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release only as of the date they are made. We undertake no obligation to revise or update publicly any forward-looking statement for any reason, except as required by law.
Broadcom(R), the pulse logo, Connecting everything(R), the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.
Broadcom Press Contact
Bill Blanning
Vice President, Global Media Relations
949-585-5555
blanning@broadcom.com
Broadcom Investor Relations Contact
T. Peter Andrew
Vice President, Corporate Communications 949-926-5663
andrewtp@broadcom.com
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Broadcom Corporation; BRCM Corporate
CONTACT: Press, Bill Blanning, Vice President, Global Media Relations, +1-949-585-5555, blanning@broadcom.com, or Investor Relations, T. Peter Andrew, Vice President, Corporate Communications +1-949-926-5663, andrewtp@broadcom.com, both of Broadcom Corporation
Web site: http://www.broadcom.com/
CCID Consulting: Demands and Technology Drive Growth of China's Mobile Phone Market
BEIJING, Aug. 4 /Xinhua-PRNewswire/ -- CCID Consulting, China's leading research, consulting and IT outsourcing service provider, and the first Chinese consulting firm listed in Hong Kong (Hong Kong Stock Exchange: HK08235), recently analyzed developments in the China mobile phone market.
CCID Consulting's data shows that the sales volume of China's mobile phone market in 2007 reached 150 million sets, up 24.1% over 2006; and the sales volume of mobile phone market in 2007 broke though 200 million sets, inclusion of black mobile phones sales volume. China's mobile phone market has entered massive growth stage. The impetuses are market demands and technical innovations.
For Figure 1, Sales Volume and Growth Rate of China's Mobile Phone Market, 2000-2007, please refer to: http://www.ccidconsulting.com/upload/13577.jpg (Source: CCID Consulting, Jan. 2008).
China's mobile phone market has been directed by the trend in changing mobile phones according to new technology developments since the second half of 2003. The share of users that change mobile phones in 2007 exceeds 60% and the sales volume of changing mobile phones exceeds 90 million sets. The reason for changing new phones include functions upgrade, improvements in cost performance, shortening of product life cycle, the advent of carriers' customized business and experience consumption etc. Meanwhile, new mobile phone users increase in recent two years: new mobile phone users in 2007 exceed 86 million, monthly new users exceed 7 million. Statistics show that new users in tier-3, tier-4 cities and country market are the major source of new users; the joint efforts of carriers and manufacturers drive the requirements in this market. China's mobile phone users in 2007 reach 547 million sets. Huge subscriber base, market segments' differentiated demands and changing mobile phone demands in the 3G market drive the large-scale development of the mobile phone market.
Looking back to the history of the developments in mobile phone functions, mobile phone has accomplished popular functions such as color screens, photography and music. The development of 3C convergence technology drives up innovation in mobile phone functions, such as MP4, TV, Bluetooth, GPS and WIFI; although some innovative functions did not become very popular, they remain a part of the development. Currently, room for development in mobile phone hardware is limited, with developments directed towards application and service. In 2007, the launch of iPhone was definitely an important event for the market, and its release led to discussions on integrating Internet functions with mobile phones, an area that will remain in focus in the future. Global mobile phone leader, Nokia, puts forward overall Internet transformation strategy, which is the best proof. Meanwhile, product shape and industrial design is another clew of products' technical innovation: Samsung's slide phone and Motorola's ultra-slim mobile phone dominate mobile phone fashion trend, making mobile phone become a part of fashion elements. Mobile phones will accomplish the missions of wireless information and entertainment terminal, and mobile phones' technical innovation will develop faster than any other consumer electronics product.
China's mobile phone market entered large-scale growth stage, and the competition in the market is heating up: similar product property, price war and channel subsidence are the most direct presentation. Manufacturers' competition emphasis transfers from market share to profit. Meanwhile, mobile phone's approval system and China's 3G mobile phone market's start will drive the upgrade of the competition.
About CCID Consulting
CCID Consulting Co., Ltd. (hereinafter known as CCID Consulting), the first Chinese consulting firm listed in the Growth Enterprise Market of the Stock Exchange (GEM) of Hong Kong (stock code: 8235.HK), is directly affiliated with China Center for Information Industry Development (hereinafter known as CCID Group). Headquartered in Beijing, CCID Consulting has so far set up branch offices in Shanghai, Guangzhou, Shenzhen, Wuhan and Chengdu, with over 300 professional consultants after many years of development. The company's business scope has covered over 200 large and medium-sized cities in China.
Based on major areas of competitiveness: industrial resources, information technology and data channels, CCID Consulting provides customers with public policy establishment, industry competitiveness upgrading, development strategy and planning, marketing strategy and research, HR management, IT programming and management. CCID Consulting's customers range from industrial users in electronics, telecommunications, energy, finance, automobile, to government departments at all levels and diversified industrial parks. CCID Consulting commits itself to becoming the No. 1 advisor for enterprise management, the No. 1 consultancy for government decisions and the No. 1 brand for informatization consulting.
For more information, please contact:
Cynthia Liu
Coordinating Manager
CCID Consulting Co., Ltd.
Tel: +86-10-8855-9080
Email: liuyan@ccidconsulting.com
CCID Consulting Co., Ltd.
CONTACT: Cynthia Liu, Coordinating Manager of CCID Consulting Co., Ltd., +86-10-8855-9080, or liuyan@ccidconsulting.com
Web site: http://www.ccidconsulting.com/upload/13577.jpg
FairPoint Communications to Release 2008 Second Quarter Earnings ResultsConference Call and Web Broadcast Details Released
CHARLOTTE, N.C., Aug. 4 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. today announced that it will release its 2008 second quarter financial results at 4:30 p.m. (EDT) on Thursday, August 7, 2008. The Company will hold its earnings conference call at 5:00 p.m. (EDT) that same evening, Thursday, August 7, 2008.
Participants should call (888) 253-4456 (US/Canada) or (706) 643-3201 (international) at 4:50 p.m. (EDT) and request the FairPoint Communications Second Quarter 2008 Earnings Call or Conference ID# 587-444-22.
A telephonic replay will be available for anyone unable to participate in the live call. To access the replay, call (800) 642-1687 (US/Canada) or (706) 645-9291 (international) and enter confirmation code 587-444-22. The recording will be available from Thursday, August 7, 2008 at 6:00 p.m. (EDT) through Thursday, August 14, 2008 at 11:59 p.m. (EDT).
A live broadcast of the earnings conference call will be available via the Internet at http://www.fairpoint.com/ under the Investor Relations section. An online replay will be available beginning later that evening on August 7, 2008 and will remain available for one year.
About FairPoint
FairPoint Communications, Inc. is an industry leading provider of communications services to communities across the country. Today, FairPoint owns and operates 32 local exchange companies in 18 states offering advanced communications with a personal touch including local and long distance voice, data, Internet, television and broadband services. FairPoint is traded on the New York Stock Exchange under the symbol FRP. Learn more at http://www.fairpoint.com/.
This press release may contain forward-looking statements by FairPoint that are not based on historical fact, including, without limitation, statements containing the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions and statements. Because these forward-looking statements involve known and unknown risks and uncertainties, there are important factors that could cause actual results, events or developments to differ materially from those expressed or implied by these forward-looking statements. Such factors include those risks described from time to time in FairPoint's filings with the Securities and Exchange Commission ("SEC"), including, without limitation, the risks described in FairPoint's most recent Quarterly Report on Form 10-Q on file with the SEC. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and FairPoint undertakes no duty to update this information.
Source: FairPoint Communications, Inc., http://www.fairpoint.com/.
Investor Contact: Brett Ellis
(866) 377-3747
bellis@fairpoint.com
Media Contact: Rose Cummings
(704) 602-7304
rcummings@fairpoint.com
FairPoint Communications, Inc.
CONTACT: Investors, Brett Ellis, +1-866-377-3747, bellis@fairpoint.com, or Media, Rose Cummings, +1-704-602-7304, rcummings@fairpoint.com, both of FairPoint Communications, Inc.
Web site: http://www.fairpoint.com/
Casino Petition to be Submitted
COLUMBUS, Ohio, Aug. 4 /PRNewswire/ -- On Tuesday, August 5th at 11 am at The Hyatt on Capitol Square (75 East State Street, Columbus, Ohio 43215), MyOhioNow.com will make an announcement regarding the submission of signatures to the Ohio Secretary of State that will place an initiative on the November 4th ballot for a casino/resort in Ohio. Co-Founders of MyOhioNow.com, Rick Lertzman and Dr. Brad Pressman will be present to discuss the petition drive, the issue and the campaign to successfully pass this initiative. The ballot issue is to approve a $600 million dollar destination resort/casino in Clinton County, Ohio with 30% of the revenues going to the 88 counties based on a per capita basis. The project will employ up to 5000 jobs along with thousands of jobs in the construction of the project.
"This has been an exciting opportunity to reach out to Ohio voters in all 88 counties. The response has been overwhelmingly favorable. We are very appreciative of the effort of hundreds of Ohioans who have helped us in this effort to place this issue on the November 4th ballot. Ohioans are excited for this positive economic news. The prospect of up to 5000 new jobs is a bright spot in a year in which we have faced so much financial adversity and challenges," said Rick Lertzman, co-founder of MyOhioNow.com.
Dr. Bradford A. Pressman, co-founder of MyOhioNow.com said, "Our petition effort has given us a unique opportunity to reach out to inform Ohio voters about the issue. Our message is clear and honest. Frankly, there are 38 states that currently have some form of casino gambling. Our neighbors, such as Indiana, Michigan, Pennsylvania, and West Virginia are employing thousands of residents in their states and returning hundreds of millions of tax revenues from their casinos. It's time to keep those dollars within our state borders and attract tourism dollars back to Ohio. We look forward to spreading this positive message and will seek the approval of Ohio voters on November 4th."
At this conference for media only, MyOhioNow.com will discuss the petition, the number of signatures collected, and their plans for the fall ballot.
The MyOhioNow.com project is a joint venture with Lakes Entertainment of Minnesota who are operators of premier gaming facilities. The $600,000,000 casino/resort destination site that is located off I-71 (at State Route 73) that is centrally in Clinton County.
The full text of the initiative and more information about the project is available at http://www.myohionow.com/.
MyOhioNow.com
CONTACT: Dr. Brad Pressman, Brad@MyOhioNow.com, or Rick Lertzman, +1-216-831-1360, or Rick@MyOhioNow.com, both of MyOhioNow.com
Web site: http://www.myohionow.com/
ShoreTel's Unified Communications System More Energy Efficient Than Cisco Unified Communications ManagerTolly Group reports ShoreTel UC solution consumes up to 45 percent less energy across three typical enterprise-class deployments
SUNNYVALE, Calif., Aug. 4 /PRNewswire-FirstCall/ -- In a power consumption study of IP telephony components conducted by independent testing firm, The Tolly Group, the ShoreTel(R) Unified Communications system held a clear advantage over the Cisco Unified Communications Manager, requiring up to 45 percent less energy. Testing and analysis was conducted across three classes of enterprise deployments.
Based on energy consumption projections, ShoreTel, the leading provider of Pure IP Unified Communications (UC) solutions, bested Cisco in using less energy to drive VoIP communications in specific large, medium and small enterprise-class scenarios, according to the July 2008 study commissioned by ShoreTel.
-- In a large-scale network with 1,500 users at a headquarters site, regional office and branch office, ShoreTel's UC system was calculated to use 37 percent less power.
-- In a medium network with 350 users in a central headquarters and 19 branch office sites, ShoreTel's UC system was projected to consume 45 percent less power.
-- In a self-contained single site office with 65 users, ShoreTel's UC system was calculated to use 44 percent less power.
"With escalating energy costs, the energy efficiency of UC solutions is heavily weighted in buying decisions," said Kevin Tolly, founder, president and CEO of The Tolly Group. "The reduced power usage of ShoreTel's UC system translates into lower cooling expenses, which results in lower cost of ownership. For today's energy-conscious buyer, the green footprint is increasingly important."
In addition to testing power consumption of VoIP communications in enterprise scenarios, The Tolly Group conducted a comparison test of monochromatic GbE-based IP phones. The ShoreTel phone required almost 60 percent less power than its Cisco counterpart in idle state, and 33 percent less power in active mode during a voice call -- a clear demonstration of ShoreTel's engineering ingenuity in designing energy-efficient phones.
"The Tolly Group study validates what we frequently hear from our ShoreTel customers and distribution partners regarding energy savings in both large and small deployments," said Kevin Gavin, vice president of product marketing, ShoreTel. "In addition to helping lower total cost of ownership, reduced energy consumption also helps us deliver on our commitment to being environmentally friendly."
About The Tolly Group
The Tolly Group, an independent testing and strategic consulting organization based in Boca Raton, FL, offers a full range of services designed to furnish both the vendor and end-user communities with authoritative and unbiased information. Additionally, The Tolly Group is recognized worldwide for its expertise in assessing leading-edge technologies. For more info, visit: http://www.tolly.com/.
About ShoreTel, Inc.
ShoreTel, Inc., is a leading provider of Pure IP Unified Communications solutions. ShoreTel enables companies of any size to seamlessly integrate all communications-voice, video, messaging and data -- with their business processes. Independent of device or location, ShoreTel's distributed software architecture eliminates the traditional costs, complexity and reliability issues typically associated with other solutions. ShoreTel continues to deliver the highest levels of customer satisfaction, ease of use and manageability while driving down the overall total cost of ownership. ShoreTel is headquartered in Sunnyvale, California, and has regional offices in the United Kingdom, Sydney, Australia and Munich, Germany. For more information, visit http://www.shoretel.com/ or call 1-877-80SHORE.
Press Contacts:
Kevin Gavin
ShoreTel, Inc.
408-962-2554
kgavin@shoretel.com
ShoreTel, Inc.
CONTACT: Kevin Gavin of ShoreTel, Inc., +1-408-962-2554, kgavin@shoretel.com
Web site: http://www.shoretel.com/ http://www.tolly.com/
Actel Offers Additional Power Reduction and Simplifies Design Creation With Libero IDE 8.4Enables Design Reuse; Extends FPGA Core Operating Voltage Range; and Allows Users to Compare and Contrast Multiple Power Scenarios
MOUNTAIN VIEW, Calif., Aug. 4 /PRNewswire-FirstCall/ -- Actel Corporation today announced new power reduction and design creation enhancements to its Libero(R) Integrated Development Environment (IDE). Giving designers additional power supply options and enabling even lower power consumption, the new Libero IDE 8.4 offers an FPGA core operating voltage range from 1.14 to 1.575 volts for its flash-based IGLOO(R), IGLOO PLUS and ProASIC(R)3L field- programmable gate arrays (FPGAs). Enhancements to the SmartPower analysis tools within the Libero IBE also allow easy comparisons of multiple design scenarios and their resulting power consumption and battery life implications. For rapid and efficient design creation, the Libero IDE 8.4 also allows Actel- created or third-party intellectual property (IP) blocks, user-developed HDL modules, and glue logic functions to be easily combined in an accessible project area.
Fred Wickersham, senior marketing manager for Actel software tools, said, "In a market sensitive to power consumption and design cycle time, we know that software tools are critical to the success of the project. For simple low-power designs or sophisticated processor-based system-on-chip solutions, the new Libero IDE 8.4 dramatically simplifies the design process with easy-to-use tools that identify and reduce sources of power consumption within a design; remove tedious design tasks like writing new HDL code for logic functions; and make connections between the myriad functions on the FPGA or externally."
New Enhancements to Libero IDE 8.4
The new Libero IDE 8.4 extends the FPGA core operating voltage range from 1.14 to 1.575 volts for its flash-based 1.2V IGLOO, IGLOO PLUS and ProASIC3L FPGAs, giving designers additional power supply options and enabling even lower power consumption. The Libero IDE 8.4 also includes enhanced SmartPower analysis capabilities. In the new tool suite, users can create and compare multiple user-defined power profile "scenarios", enabling the user to test operating options to better determine the best design approach for their power-sensitive application. Offering users improved ease of use as well as a comprehensive understanding of power usage in all functional modes of the design, SmartPower also offers new graphical power consumption displays.
Conventional design methodologies include ground-up generation of HDL code or schematic designs to create and stitch the necessary combination of logic functions that make up the FPGA system or sub-system. The improvements to SmartDesign within Libero IDE 8.4 allows users to import user- or third-party created HDL modules, IP, and glue-logic functions into the project area. The user is then able to quickly select the desired blocks from among the imported functions or the existing catalog of IP cores and drop them onto an enhanced white board-like 'canvas' where they are viewed and connected in a system block diagram. In the end, a design rule checked and synthesis-ready HDL file is created. SmartDesign supports the quick building of simple designs or sophisticated complex processor-based system-on-chip solutions.
Pricing and Availability
The Actel Libero IDE Gold edition is available on Windows free of charge. The Actel Libero IDE 8.4 Platinum edition is available now on Windows and Linux platforms for $2495. All editions are one-year renewable licenses. For further information about pricing and availability, please contact Actel.
About Actel
Attacking power consumption at both the chip and the system levels, Actel Corporation's innovative FPGAs and programmable system chip solutions enable power-efficient design. The company is traded on the NASDAQ National Market under the symbol ACTL and is headquartered at 2061 Stierlin Court, Mountain View, Calif., 94043-4655. For more information about Actel, visit http://www.actel.com/.
The Actel name and logo, Libero, IGLOO, and ProASIC are trademarks of Actel Corporation. All other trademarks and service marks are the property of their respective owners.
Actel Corporation
CONTACT: Stephanie Mrus of Actel Corporation, +1-650-318-4614, stephanie.mrus@actel.com; or Media, Diane Orr of Orr & Company, +1-408-358-1617, diane@orr-co.com, for Actel Corporation
Web site: http:/// http://www.actel.com/
Edenor Selects Oracle(R) UtilitiesArgentina's Largest Electricity Distributor to Use Oracle Utilities Customer Care and Billing for Enhanced Customer Service in Increasingly Complex, Regulated Market
REDWOOD SHORES, Calif., Aug. 4 /PRNewswire-FirstCall/ -- -- Oracle today announced that Edenor, the largest electricity distributor in Argentina, has selected Oracle(R) Utilities Customer Care and Billing and Oracle Utilities Business Intelligence to better enable it to enhance customer service while complying with increasingly complex regulatory requirements.
-- Edenor distributes electricity exclusively to the greater Buenos Aires metropolitan area and north of the city, serving a population of approximately 7 million people and an area of 4,637 square kilometers. Argentina represents the third largest Latin American electric sector in terms of installed capacity and consumption.
-- Edenor operates in a highly regulated market. In an effort to replace legacy systems with a flexible and scalable alternative, the utility selected Oracle Utilities. Built on open standards, Oracle's enterprise-class applications will help Edenor streamline business processes while enhancing customer service and revenue management.
Supporting Quotes
-- "Edenor's selection of Oracle Utilities applications is testimony to the strength and value we offer the industry. We look forward to teaming with Edenor to help the company navigate the demands of a complex regulatory environment, while delivering superior customer experiences," said Quentin Grady, senior vice president and general manager, Oracle Utilities.
-- "One of the key reasons we chose Oracle Utilities Customer Care and Billing was to provide our call center staff with a comprehensive view of each customer in order to enhance the customer experience. In addition, Oracle's enterprise-level products provide the flexibility and scalability we need to continue high levels of customer service as demands change and grow," said Rogelio Pagano, chief financial officer, Edenor.
Supporting Resources
http://www.oracle.com/industries/utilities/index.html
http://tinyurl.com/Oracle-CCB
http://www.iredenor.com/
About Oracle Utilities
Oracle Utilities delivers the proven software applications that help utilities achieve competitive advantage, business performance excellence and a lower total cost of technology ownership. Oracle Utilities integrates industry-specific customer care and billing, network management, work and asset management, mobile workforce management and meter data management applications with the capabilities of Oracle's industry-leading enterprise applications, business intelligence tools, middleware and database technologies. Oracle Utilities enables its customers to adapt more nimbly to market deregulation, meet ever-evolving customer demands, and deliver on commitments to environmental conservation. For more information, visit http://www.oracle.com/industries/utilities.
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
Trademark
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)
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Oracle
CONTACT: Caroline Yu of Oracle, +1-650-506-8920, caroline.yu@oracle.com; or Janice Hazen of O'Keeffe & Company, +1-770-938-4753, jhazen@okco.com, for Oracle
Web site: http://www.oracle.com/
Memorex(R) Covers the 'Essentials' with its New Line of Portable Hard DrivesErgonomic, slim drive with up to 320 GB of storage capacity makes safeguarding and sharing of data simple for users on the go
CERRITOS, Calif., Aug. 4 /PRNewswire-FirstCall/ -- Memorex, the leading brand of optical media at U.S. retail and a portfolio brand of Imation Corp , today introduces the Essential TravelDrive(TM), the latest addition to its award-winning line of portable storage devices. The USB-based product features 2.5-inch hard drive technology, which delivers up to 320 GB of capacity, is available in several vibrant colors and easily fits into a pocketbook or purse.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080804/AQM034)
With capacities of 160, 250 and 320 GBs respectively, the Essential TravelDrive portable hard drive provides users convenient, portable sharing and safeguarding of precious data, including photos, videos and music. The drive's USB interface ensures compatibility with both Mac and PC desktops or laptops, and is powered via a USB connection, eliminating the need for an additional power source. Backup software and a blue, flashing LED data transfer display completes the package.
"Memorex once again provides the convenience of a powerful, yet essential portable hard drive from a name consumers trust," said Keith Schwartz, director, North America sales and marketing, Imation Corp. "The new, slim, Essential TravelDrive portable hard drive helps promote important file sharing with the style and choice users want."
Pricing and Availability
The Memorex Essential TravelDrive portable hard drive is available at authorized Imation distributors, wholesalers, resellers and e-tailers worldwide in four nature-inspired colors, including Spring Blossom, Tropic Green, Caribbean Blue and Cool Silver. Suggested retail price starts at U.S. $89.99.
Is it live or is it Memorex?(R)
Memorex is one of the most trusted and recognized consumer brands in modern marketing history. A portfolio brand of Imation Corp , Memorex is the market share leader in optical media and media accessories at retail and one of the best known names in the consumer electronics industry. Memory makers and memory keepers turn to Memorex for simple and stylish products that capture, save and share precious moments in music, video and pictures. Memorex reaches into millions of homes with optical and high- definition media and drives, media accessories, home audio and video equipment, MP3 players, digital picture frames, iPod(R) electronics accessories, and LCD televisions that are stylish and simple in form and function. For more information about Memorex, please visit http://www.memorex.com/.
Memorex, the Memorex logo, eMemorex, TravelDrive, "Is it live or is it Memorex?" and Imation are trademarks of Imation Corp and its subsidiaries.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080804/AQM034 AP Archive: http://photoarchive.ap.org/ AP PhotoExpress Network: PRN5 PRN Photo Desk, photodesk@prnewswire.com
Imation Corp
CONTACT: Josie Lee, +1-602-808-1162, jlee@brodeur.com, or Sarah Sbordone, +1-602-808-1167, ssbordone@brodeur.com, both of Brodeur Partners, for Imation Corp
Web site: http://www.memorex.com/
TechWeb's Advanced Trading Magazine Names Top Ten Quantitative Analyst Schools
MANHASSET, New York, August 4 /PRNewswire/ --
- Industry Veterans Rank Financial Engineering Programs Based on Wall
Street Recruitability
TechWeb's Advanced Trading, the premiere source for objective
industry-specific content for trading executives, today announced the Top Ten
schools for quantitative analysts. Working closely with Wall Street veterans,
Advanced Trading chose the top schools in terms of financial services
recruitability. Published in the August issue, the article entitled, "The Top
10 Quant Schools, According to the Street" was written by executive editor,
Cristina McEachern. The feature story can be found online at:
http://www.advancedtrading.com/showArticle.jhtml?articleID=209102204.
Quantitative analysts -- known in the industry as "quants" -- use complex
algorithms to trade more effectively and grow portfolios. Quants are
increasingly in high demand on Wall Street, driving more universities to
establish educational programs for critical financial services positions.
Programs typically run one to two years with a heavy concentration in math
and programming.
Many quant schools offer a Master in Financial Engineering (M.F.E.)
degree, while others offer similar degrees, including a Master of Science in
Financial Engineering (M.S.F.E.), a Master of Science in Financial Math
(M.S.F.M.), a Master of Science of Mathematics in Finance (M.S.M.F.) and a
Master in Mathematical Finance (M.M.F.).
The Top Ten schools are:
-- Carnegie Mellon University
-- Columbia University
-- Cornell University
-- New York University
-- Princeton University
-- Rutgers University
-- Stanford University
-- University of California at Berkeley
-- University of Chicago
-- University of Michigan
For the first time, Advanced Trading assembled a board of Wall Street
veterans to help compile the university list, including: Robert Almgren,
cofounder of Quantitative Brokers, adjunct faculty member at New York
University Courant Institute's Mathematics in Finance program and former
director of the Mathematical Finance program at the University of Toronto;
Ian Domowitz, managing director of networking and analytical and research
products at ITG; Steven Janowski, head of financial engineering at FX
Solutions; and Leo Murphy, manager of Trading Technologies' University
Relations Program.
The top schools were chosen based on the following criteria: Students
level of experience coming into the program; program age; program structure;
specific program classes relating to financial services; Wall Street faculty;
student preparedness for financial services positions post program; alumni
success on Wall Street, and overall financial services recruitability of
students graduating.
"Quants are making an essential contribution to the financial services
industry," said McEachern. "The top ten quant schools are actively preparing
students for Wall Street, by providing the necessary demanding skills sets
required for achieving success in this evolving new career."
About Advanced Trading (www.advancedtrading.com)
Advanced Trading provides head traders with cutting-edge information on
the hottest trading trends and technology strategies shaping the market and
driving a competitive advantage. Advanced Trading is the premiere source for
objective industry-specific content and gives traders direct access to
industry news, analysis, expert opinion and behind-the-scenes views of the
technologies being used by the industry's leading firms.
About TechWeb (www.techweb.com/aboutus)
TechWeb, the global leader in business technology media, is an innovative
business focused on serving the needs of technology decision-makers and
marketers worldwide. TechWeb produces the most respected and consumed media
brands in the business technology market. Today, more than 13.3 million*
business technology professionals actively engage in our communities created
around our global face-to-face events Interop, Web 2.0, Black Hat and
VoiceCon; online resources such as the TechWeb Network, Light Reading,
Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial
Technology Network; and the market leading, award-winning InformationWeek,
TechNet Magazine, MSDN Magazine, Wall Street & Technology magazines. TechWeb
also provides end-to-end services ranging from next-generation performance
marketing, integrated media, research, and analyst services.
TechWeb is a division of United Business Media, a global provider of news
distribution and specialist information services with a market capitalization
of more than US$2.5 billion.
*13.3 million business decision-makers: based on # of monthly connections
across TechWeb brands.
Contact:
Alix Raine
United Business Media LLC
+1-516-562-7827
araine@ubm-us.com
Web site: http://www.advancedtrading.com
http://www.techweb.com
http://www.cmp.com
TechWeb
Alix Raine, United Business Media LLC, for TechWeb, +1-516-562-7827, araine@ubm-us.com
Dow Jones Adds Energy Focus to NewsPlus Offerings -- Comprehensive, Daily Energy News is Just a Click AwayOne of Several Enhancements Debuting on Dow Jones News Service
NEW YORK, Aug. 4 /PRNewswire/ -- Dow Jones & Company, a News Corporation company , today announced the addition of a new feature to its NewsPlus service called Energy Focus, which provides readers fast access to comprehensive, timely energy news all in one place. NewsPlus is the companion, complimentary Web site to Dow Jones News Service, offering an easy-to-navigate site with all the latest, most relevant financial news, information, columns and commentary.
Energy Focus aggregates all the news on energy segments and stocks into a single Web page. It features four key areas: "Latest News," "News from Other Sources," "Analysis and Commentary" and "Market Spotlight," and will appear on multiple NewsPlus sites including North American Equities, Energy Service, CMR and Global Equities. For example, a recent article, "EPA Staff Contemplates Tougher Fuel-Efficiency Standards," summarized deliberations within the EPA on stricter motor vehicle emission standards, which could have had a serious negative impact on an already suffering auto industry.
"Energy Focus will afford Dow Jones subscribers a comprehensive view into all the relevant news, information and commentary about the crucially important energy sector, with everything available in one place," said Neal Lipschutz, senior vice president and managing editor, Dow Jones Newswires. "News about energy moves markets, so there is no question that this new feature is vital for our subscribers and readers, who rely on Dow Jones to keep them informed about market conditions."
Energy Focus is the latest topical news center to be offered in Dow Jones NewsPlus, which is designed to offer subscribers a clear, timely view into the most impactful issues driving global financial markets. By gathering together current news, future events and the deeper insight and analysis that are only available from Dow Jones, subscribers are better equipped to adjust their strategies and decisions.
Dow Jones has also introduced two other enhancements to Dow Jones News Service:
-- U.S. Morning Briefing, which will be offered in early September, is a daily email alert to help subscribers get a quick view of the markets in preparation for the day ahead. U.S. Morning Briefing summarizes performance of major market indices and provides a snapshot view of impactful, market- breaking stories, an overview of the U.S. markets and updates on equities, foreign exchange, bonds and commodities. There is also a calendar of relevant events, analyst ratings and other top stories from Dow Jones Newswires.
-- Talk Back is a virtual forum where Dow Jones News Service subscribers can share their opinions and thoughts on relevant business and financial topics and have their views published alongside those of Dow Jones editors and reporters.
For more information about Dow Jones Newswires, visit http://www.dowjonesnewswires.com/ or to learn more about the Dow Jones Enterprise Media Group, visit http://www.solutions.dowjones.com/.
ABOUT DOW JONES
Dow Jones & Company (http://www.dowjones.com/) is a News Corporation company (NYSE: NWS, NWS.A; ASX: NWS, NWSLV; http://www.newscorp.com/). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.
Dow Jones & Company
CONTACT: Liz Petrova of Walek & Associates for Dow Jones, +1-212-590-0533l, petrova@walek.com
Web site: http://www.dowjonesnewswires.com/ http://www.solutions.dowjones.com/ http://www.dowjones.com/ http://www.newscorp.com/
Linktone Appoints Chief Strategy Officer
BEIJING, Aug. 4 /Xinhua-PRNewswire/ -- Linktone Ltd. , one of the leading providers of wireless interactive entertainment services to consumers and advertising services in China, today announced that Muliawan Guptha, currently a Linktone Board member, has been named the Company's Chief Strategy Officer. In this newly created position, Mr. Guptha will direct the company's strategic diversification efforts to better position the Company for long-term growth.
Mr. Guptha has been working with television broadcasting companies in Indonesia since 2001, including PT Cipta TPI, PT Musik Televisi Indonesia and PT Global Information Bermutu, in the areas of finance, technology and administration. These companies are affiliates of PT Media Nusantara Citra Tbk (MNC), the largest and only integrated media company in Indonesia, which bought a controlling interest in Linktone in April of this year. Earlier in his career, Mr. Guptha spent several years in banking and financial services in Indonesia. Mr. Guptha holds a Master of Business Administration in Finance from Oklahoma City University, Oklahoma City, Oklahoma, and a Bachelor of Business Administration in Marketing from the University of Oklahoma in Norman, Oklahoma.
"Muliawan is a highly regarded executive, with significant knowledge in the fields of media and finance and experience with companies publicly listed in Asia," said Michael Li, Linktone's Chief Executive Officer. "Under Muliawan's leadership, we will continue to evaluate strategic partnerships that will enable us to pursue and execute our diversification strategies."
Mr. Guptha added, "I am very excited to assume this new role and look forward to working with Linktone's management team to shape the Company's strategic direction as it continues to evolve. By applying my years of experience with MNC, I have confidence that I can be effective in supporting Linktone's efforts to diversify its current revenue stream."
About Linktone Ltd.
Linktone Ltd. is one of the leading providers of wireless interactive entertainment services to consumers and advertising services to enterprises in China. Linktone provides a diverse portfolio of services to wireless consumers and corporate customers, with a particular focus on media, entertainment and communications. These services are promoted through the Company's and our partners' cross-media platform which merges traditional and new media marketing channels, and through the networks of the mobile operators in China. Through in-house development and alliances with international and local branded content partners, the Company develops, aggregates, and distributes innovative and engaging products to maximize the breadth, quality and diversity of its offerings.
Forward-Looking Statements
This press release contains statements of a forward-looking nature based on the current expectations of Linktone Ltd. with respect to future events and are made only as of the date of publication. These forward-looking statements can be identified by words such as "intends," "expects," "will," "believes" and similar expressions and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those projected in these forward-looking statements. These risks and uncertainties includes: the risk that Linktone will not be able to locate and retain suitable people for its board of directors and middle and senior management; the ability of Linktone to successfully execute on its media strategy and successfully diversify its business; the risk that Linktone will not be able to develop and effectively market innovative services; the risk that Linktone will not be able to implement and maintain effective internal controls; Linktone's ability to control its operating expenses in future periods or make expenditures that effectively differentiate Linktone's services and brand. For additional information on factors that could cause Linktone's actual results to differ from expectations reflected in these forward-looking statements, please see Linktone's filings with the Securities and Exchange Commission, including its registration statement on Form F-1 and annual report on Form 20-F. Except as required under applicable law, Linktone expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement included in this document to reflect any changes in expectations with regard thereto or any changes in events, conditions, or circumstances on which any statement is based.
For more information, please contact:
Investor Relations
Serena Shi
Linktone Ltd.
Tel: +86-10-5108-8234
Email: serena.shi@linktone.com
Brandi Piacente
The Piacente Group, Inc.
Tel: +1-212-481-2050
Email: brandi@thepiacentegroup.com
Linktone Ltd.
CONTACT: Investor Relations - Serena Shi of Linktone Ltd., +86-10-5108- 8234, or serena.shi@linktone.com; Or Brandi Piacente of The Piacente Group, Inc., +1-212-481-2050, or brandi@thepiacentegroup.com, for Linktone Ltd.
Marvell to Hold Conference Call to Discuss Second Quarter Financial Results on August 28
SANTA CLARA, Calif., Aug. 4 /PRNewswire-FirstCall/ -- Marvell Technology Group Ltd. , a leader in storage, communications, and consumer silicon solutions, today announced that it will release financial results for the second fiscal quarter ended July 2, 2008 on August 28, 2008. Marvell will hold its quarterly conference call to discuss its second quarter results on Thursday, August 28, at 1:45 p.m. Pacific Time.
This call is being webcast by Thomson/CCBN and can be accessed at Marvell's web site at http://www.marvell.com/ .
The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at http://www.earnings.com/, Thomson's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (http://www.streetevents.com/), a password-protected event management site.
About Marvell
Marvell is a leader in storage, communications and consumer silicon solutions. The Company's diverse product portfolio includes switching, transceiver, communications controller, wireless, and storage solutions that power the entire communications infrastructure, including enterprise, metro, home, and storage networking. For more information about Marvell please visit http://www.marvell.com/ .
Marvell(R) and the Marvell logo are trademarks of Marvell.
For further information, contact:
Jeff Palmer
Senior Director of Investor Relations
Marvell
408-222-8373
jpalmer@marvell.com
Marvell Technology Group Ltd.
CONTACT: Jeff Palmer, Senior Director of Investor Relations of Marvell, +1-408-222-8373, jpalmer@marvell.com
Web Site: http://www.marvell.com/
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