Companies news of 2008-08-05 (page 5)
Amerigon Climate Control Seat(TM) (CCS(TM)) System Featured in the New 2008 Nissan Maxima
Verizon Business Launches IP-Based Service to Link Public Safety Communications Networks...
UCN Appoints Edward McGarr as Vice President of Business Development
St. Vincent's Catholic Medical Centers of New York Select Telanetix Telepresence Solution-...
Telestone Technologies Corporation to Announce Second Quarter 2008 Financial Results on...
DSP Group to Attend the RBC Capital Markets 2008 Technology, Media and Communications...
ACH Foods Saves $3 Million With InformaticaInformatica data integration platform reduces...
Amerigon Heated and Ventilated Seat System Selected as an Option for the 2008 Nissan Teana...
Telindus Belgacom ICT Deploys New Amdocs Customer Management Product Across Eight...
Circuit City Declares 'Sales Tax Holiday' August 9-10 in Its California Stores; Extra...
Amerigon Climate Control Seat(TM) (CCS(TM)) System Featured in the New 2008 Infiniti FX35,...
China's CCTV.com to Stream Live Coverage of 2008 Olympic Games via ViewCast Technology
ARCHOS WiFi Portable Media Player Now Available at RadioShack Stores Nationwide and Online...
Dow Jones Insight Offers New Enhancements for Better Media Measurement and ReportingNew...
The PISMO(TM) Advisory Council Adds Agilent, Samtec and Mentor Graphics as New...
comScore Releases June 2008 U.K. Search Rankings
OTI to Supply ERG with Contactless Card Readers for Utah's Transit Payment...
Banque Centrale Populaire Consolidates Activity Abroad With New Trade Finance Solutions...
Magic Software and Blat-Lapidot use iBOLT to Integrate IT Systems for SkyVisionThe Project...
Banque Centrale Populaire Consolidates Activity Abroad With New Trade Finance Solutions...
Global Sources Named to Supply & Demand Chain Executive 100 List
NDS Group plc Reports Fiscal Year 2008 ResultsEarnings Release for the Fiscal Year Ended...
Advanced Semiconductor Engineering, Inc. Reports Unaudited Consolidated Financial Results...
Leading Analyst Firm Rates Verizon Business as 'Strong Positive' in Asia-Pacific Managed...
EMC Introduces New EMC CLARiiON CX4 Series With Next Generation ArchitectureRedesigned...
Expedia and Jumeirah Group Sign Global Partnership AgreementDeal marks first for Jumeirah...
Leading Analyst Firm Rates Verizon Business as 'Strong Positive' in Asia-Pacific Managed...
Expedia and Jumeirah Group Sign Global Partnership Agreement
Amerigon Climate Control Seat(TM) (CCS(TM)) System Featured in the New 2008 Nissan Maxima
NORTHVILLE, Mich., Aug. 5 /PRNewswire-FirstCall/ -- Amerigon Incorporated , a leader in developing products based on advanced thermoelectric (TE) technologies, announced today that its proprietary Climate Control Seat(TM) (CCS(TM)) system is available as an optional feature in the front driver seat of the new 2008 Nissan Maxima, Nissan's flagship sedan.
CCS, the premier actively heated and cooled seat system in the global automotive seat market, allows the driver to heat and cool their seat individually for comfort in any weather condition at any time of the year.
Amerigon President and Chief Executive Officer Daniel R. Coker said the Maxima enjoys a long-standing heritage as the flagship of the Nissan line. The addition of CCS to the Maxima underscores Nissan's commitment to providing consumers value-enhancing features that add to the ownership experience and deliver year round driver and passenger comfort.
"The Nissan Maxima, one of America's most popular vehicle lines, has always been known for performance and luxury, and our seat comfort system will be an important addition to its well-deserved legacy," Coker said. "The selection of CCS to be included as an option in the Maxima increases the number of vehicles manufactured by Nissan to offer CCS and reflects the positive relationship we have established with Nissan over the past several years."
Other vehicles from Nissan that offer CCS include the Infiniti M45, Infiniti M35, Infiniti FX35, Infiniti FX50, Nissan Cima and Nissan Fuga. The Nissan Teana offers Amerigon's new heated and ventilated seat system.
About CCS
The CCS system, which is built around Amerigon's highly-efficient, solid-state thermoelectric device, is completely independent of the automobile's heating and air conditioning system and does not reduce power available to the engine. It also emits no CFCs or other gases and is completely friendly to the environment.
Air is forced through the heat pump in the CCS system and thermally conditioned in response to electronic switch input from the seat occupant. The conditioned air circulates by a specially designed fan through ducts in the seat cushion and seat back, so that the surface can be heated or cooled. Each seat has individual electronic controls to adjust the level of heating or cooling. CCS substantially improves comfort compared with conventional air conditioners by focusing the cooling directly on the passenger through the seat, rather than waiting until ambient air cools the seat surface behind the passenger.
Amerigon is the largest supplier of TE systems for cars, with more than 3.8 million thermoelectric-based seat systems sold.
About Amerigon
Amerigon develops products based on its advanced, proprietary, efficient thermoelectric (TE) technologies for a wide range of global markets and heating and cooling applications. The Company's current principal product is its proprietary Climate Control Seat(TM) (CCS(TM)) system, a solid-state, TE-based system that permits drivers and passengers of vehicles to individually and actively control the heating and cooling of their respective seats to ensure maximum year-round comfort. CCS, which is the only system of its type on the market today, uses no CFCs or other environmentally sensitive coolants. Amerigon maintains sales and technical support centers in Southern California, Detroit, Japan, Germany, England and Korea.
Certain matters discussed in this release are forward-looking statements that involve risks and uncertainties, and actual results may be different. Important factors that could cause the Company's actual results to differ materially from its expectations in this release are risks that sales may not significantly increase, additional financing, if necessary, may not be available, new competitors may arise and adverse conditions in the automotive industry may negatively affect its results. The liquidity and trading price of its common stock may be negatively affected by these and other factors. Please also refer to Amerigon's Securities and Exchange Commission filings and reports, including but not limited to its Form 10-Q for the period ended March 31, 2008 and its Form 10-K for the year ended December 31, 2007.
Contact: Allen & Caron Inc
Jill Bertotti (investors)
jill@allencaron.com
Len Hall (media)
len@allencaron.com
(949) 474-4300
Amerigon Incorporated
CONTACT: investors, Jill Bertotti, jill@allencaron.com, or media, Len Hall, len@allencaron.com, both of Allen & Caron Inc, +1-949-474-4300, for Amerigon Incorporated
Verizon Business Launches IP-Based Service to Link Public Safety Communications Networks During EmergenciesInteroperability Solution Designed to Overcome Long-Standing Barriers to Direct Communication Caused by Incompatible Systems
BASKING RIDGE, N.J., Aug. 5 /PRNewswire/ -- Verizon Business has introduced a new service designed to enable police, fire and other public safety personnel to communicate directly with one another by radio, phone or e-mail during an emergency -- even if they are using incompatible communications systems.
The service, Verizon Communications Interoperability Solution, is an Internet protocol (IP)-based platform that integrates radio as well as voice, data and wireless networks so that they can operate as a single network, thus enabling better communications among diverse federal, state and local public safety organizations.
This service helps remedy a long-standing problem that public safety and federal regulatory officials have been attempting to resolve. The issue was highlighted during the Sept. 11, 2001, attacks on the World Trade Center, when New York City's police and fire departments could not communicate with each other during the rescue efforts because their radios operated on different frequencies.
[Note: An audio podcast discussing Verizon Communications Interoperability Solution is available at http://www.podtech.net/home/5315/verizon-business-leverages-ip-to-link-first- responders-during-times-of-crisis (Due to length of URL, please copy and paste into web browser).]
"The ability to effectively communicate during crisis situations is critical, especially given today's legacy patchwork of first-responder communications systems," said Nancy Gofus, senior vice president and chief marketing officer, Verizon Business. "Verizon Communications Interoperability Solution is a powerful tool that underscores how Verizon Business continues to bring innovation through IP."
The state of West Virginia has signed up to use the new service, which is now available throughout the U.S. and is also well-suited for business customers with large campuses or widespread facilities, such as universities and manufacturing plants.
"Under the leadership of Gov. Joe Manchin, West Virginia has made emergency communications a top priority," said Jimmy Gianato, director of the West Virginia Division of Homeland Security and Emergency Management. "Verizon Communications Interoperability Solution solves a long-standing critical need and will be instrumental in enabling our agencies to better communicate with other critical first responders during times of crisis and, in the process, help save lives and protect property."
The Verizon Business interoperability service works this way:
Police and fire departments, emergency medical services and other public safety organizations identified by a government entity as primary points of contact during a crisis each set aside a channel on their radio systems. When activated, the service -- using routers, interfaces and other equipment placed at the customer's premises -- links up all of the set-aside channels and converts them into IP. This enables all of the participating public safety organizations to communicate directly with one another, regardless of radio frequencies or other communications platforms.
The service can also link wireline and wireless voice calls and e-mail and text messages to the interoperable communications system. In addition, the service can be programmed to use prearranged phone numbers and radio frequencies to automatically alert public safety organizations when there is a crisis. Additional numbers can also be added easily during times of crisis.
Verizon Business' Private IP service is the ideal foundation for this solution as it supports the required features -- quality of service (QoS) and IP multicasting. QoS enables customers to prioritize traffic, and IP multicasting is a network-based service that helps conserve bandwidth by replicating data and sending it to pre-determined users. In addition, the Verizon Communication Interoperability Solution can be deployed over any IP network as long as minimum technical requirements are met.
Before the interoperability platform is deployed, Verizon Business professional services experts work with the customer and conduct an IP network readiness assessment to determine the ability of existing infrastructure to support the new service. The offering is cost effective because it leverages existing infrastructure.
Verizon Communications Interoperability Solution, the latest addition to Verizon Business' emergency communications portfolio, is a customer premises equipment-based service that employs Cisco's IP Interoperability and Communications System portfolio of devices and applications. Verizon Business is the first North American service provider to offer this Cisco-based platform.
In 2009, Verizon Business plans to introduce managed and hosted versions of this solution, which will offer public safety agencies greater choice and flexibility.
"Utilizing the transformative power of IP, Cisco and Verizon Business are changing the way first responders communicate and share information during times of crisis," said Bill Stuntz, vice president and general manager of Cisco's physical security business unit. "Using IP as the foundation to deliver truly interoperable communications, Verizon Communications Interoperability Solution combines the strength of Verizon Business' IP network and professional services capabilities with the flexibility and scalability of Cisco IP Interoperability and Communication System."
Serving the unique requirements of federal, state and local government public safety agencies, Verizon Business offers a comprehensive portfolio of specialized networking, call center, and data storage and processing capabilities to help homeland security, fire, police and medical response teams effectively respond to emergencies.
[Note: Verizon Communications Interoperability Solutions will be demonstrated in the company's booth (#124) at the Association of Public-Safety Communications Officials annual conference in Kansas City, Mo., August 3-7 at the Kansas City Convention Center.]
About Verizon Business
Verizon Business, a unit of Verizon Communications , operates the world's most connected public IP network and uses its industry-leading global-network capabilities to offer large-business and government customers an unmatched combination of security, reliability and speed. The company integrates advanced IP communications and information technology (IT) products and services to deliver leading enterprise solutions including managed services, security, mobility, collaboration and professional services. These solutions power innovation and enable the company's customers to do business better. For more information, visit http://www.verizonbusiness.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon Business
CONTACT: Kevin W. Irland of Verizon Business, +1-703-886-1117, kevin.w.irland@verizon.com
Web site: http://www.verizonbusiness.com/ http://www.verizon.com/
Company News On-Call: http://www.prnewswire.com/comp/618232.html
UCN Appoints Edward McGarr as Vice President of Business Development
SALT LAKE CITY, Aug. 5 /PRNewswire-FirstCall/ -- UCN Inc. , innovator of on-demand contact center software for intelligent contact routing and agent improvement, has appointed Edward McGarr as vice president of business development. McGarr will be responsible for building and maintaining UCN's partner alliances and channel program initiatives. He will report to Frank Maylett, UCN executive vice president of sales.
McGarr, 52, comes to UCN with 25 years experience in software development, business development, sales, marketing and services. Prior to UCN, McGarr worked at Senforce Technologies Inc., an endpoint security software provider. McGarr also held key executive positions in sales, marketing, and business development for StarBridge Systems Inc., Sorenson Media, and Novell Inc. At Novell, McGarr served as VP of product marketing and VP of business development for the services organization.
"I'm excited to join UCN because it is positioned exactly where the market is heading," commented McGarr. "With the swelling adoption of SaaS-based solutions in contact centers and a technical solution second to none, UCN is clearly poised for rapid growth and success. I look forward to helping our business development team drive that growth."
Frank Maylett, UCN executive vice president of sales, commented, "We are pleased to have Ed join our team to forge lasting relationships with our strategic channel partners and resellers. We anticipate his strong leadership and proven track record will be instrumental in creating major wins under UCN's new business initiatives."
About UCN
UCN Inc. is an innovator of software as a service (SaaS) applications for multi-site contact centers and distributed workforces. The UCN inContact(R) platform intelligently routes multi-media contacts to agents anywhere while improving management visibility, agent productivity and agent retention. UCN's patented software includes an enterprise-grade ACD with skills-based routing, IVR, speech recognition and CTI. Agent performance optimization features include customer experience surveys and agent scoring analysis, call monitoring, call recording, workforce scheduling and forecasting, hiring tools to reduce attrition, and targeted training delivered to the agent desktop. The inContact all-in-one on-demand platform delivers rapid application development tools for IT control, no capital expenditure, Fortune 500-compliant security, and a 24/7/365 managed network with carrier-grade redundancy. To learn more about UCN, visit http://www.ucn.net/.
Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the Company's behalf. All statements, other than statements of historical facts which address the Company's expectations of sources of capital or which express the Company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the Company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the Company, actual results may differ materially from the expectations expressed in the forward-looking statements. (For the complete statement, please click to: http://www.ucn.net/safeharbor.)
UCN Inc.
CONTACT: Aaron Glauser, Communications Director of UCN Inc., +1-801-320-3468, aaron.glauser@ucn.net; or Investors, Scott Liolios or Ron Both, both of Liolios Group Inc, +1-949-574-3860, info@liolios.com, for UCN Inc.
Web site: http://www.ucn.net/
St. Vincent's Catholic Medical Centers of New York Select Telanetix Telepresence Solution- Currently Used for Executive Communication, Training and Disaster Preparedness -
BELLEVUE, Wash., Aug. 5 /PRNewswire-FirstCall/ -- Telanetix, Inc. (OTC BB: TNXI), a leading IP solutions provider offering telepresence and VoIP services to business markets, today announced that its Digital Presence(TM) Telepresence Service has been selected by St. Vincent Catholic Medical Centers of New York for a variety of organizational applications including intercampus Executive Communication, Remote Staff Training, Organization-wide "Public Forum" Virtual Meetings, and Disaster Preparedness Communications.
St. Vincent's is a major healthcare resource in the greater New York Metropolitan area. The system is anchored by St. Vincent's Hospital Manhattan in historic Greenwich Village, serving as the academic medical center for New York Medical College in New York City. St Vincent's facilities also include St. Vincent's Hospital Westchester, a behavioral health facility; continuing care services that include Bishop Mugavero Center for Geriatric Care and Holy Family Home in Brooklyn, St. Elizabeth Ann's Health Care & Rehabilitation Center and Pax Christi Hospice on Staten Island, and Saint Vincent Catholic Medical Centers Home Health Agency, which delivers comprehensive home care services throughout the five boroughs of New York City as well as in Nassau and Suffolk Counties.
"St. Vincent's is dedicated to supporting our staff with cutting edge communications tools to enable them to better serve our patient community," noted Tony Antinori, St. Vincent's Vice President of IT Technology and Operations. "Our experience with the Telanetix Telepresence Service has far exceeded traditional videoconferencing solutions, enhancing our organization's productivity while at the same time reducing costs when compared to other services or alternatives."
"St. Vincent's selection of our Digital Presence Service is an example of how telepresence is moving beyond the executive suite to support important communications needs across an organization," noted Doug Johnson, President and CEO of Telanetix. "A multisite healthcare enterprise such as St Vincent's has demanding, real-time communications needs that are better served by our powerful, integrated solution than by other competitive offers, certainly better than the traditional alternative of driving around a congested metropolitan area."
Telanetix offers its telepresence service to businesses in a variety of customizable formats, all of which deliver a superior value. For further information, contact Jeff Salzwedel with Salzwedel Financial Services at (503) 722-7300, jeff@sfcinc.com.
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/
Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The companies undertake no obligation to publicly release statements made to reflect events or circumstances after the date hereof.
Telanetix, Inc.
CONTACT: Kent Hellebust of Telanetix, Inc., +1-206-515-9160, khellebust@telanetix.com; or Jeff Salzwedel of Salzwedel Financial Communications, Inc., +1-503-722-7300, jeff@sfcinc.com, for Telanetix, Inc.; or Todd Barrish of Dukas PR, +1-212-704-7385, todd@dukaspr.com, for Telanetix, Inc.
Web site: http://www.telanetix.com/
Telestone Technologies Corporation to Announce Second Quarter 2008 Financial Results on August 13, 2008
BEIJING, Aug. 5 /Xinhua-PRNewswire-FirstCall/ -- Telestone Technologies Corporation Ltd. ("Telestone") , a leading developer and provider of wireless communication coverage solutions based in the People's Republic of China, today announced that it will release financial results for the quarter ended June 30, 2008 on August 13, 2008 following the close of US markets.
Telestone's senior management team will host a conference call and audio webcast at 8:00 am U.S. Standard Eastern Time/5:00 am U.S. Pacific time/8:00 pm Beijing/Hong Kong time on August 14, 2008. The conference call will last for approximately one hour.
U.S. Participants: +1 800 860 2442
International Participants: +1 412 858 4600
Passcode for all: Telestone Call
A replay will be available after the end of the call until August 21st.
All participants please dial:
+1 877 344 7529 (toll free) or +1 412 317 0088
Passcode: 422120
A live audio webcast of the conference call will also be available through the following link:
http://www.videonewswire.com/event.asp?id=50658
About Telestone Technologies Corporation
Telestone provides wireless communications coverage solutions primarily in the PRC. These solutions include products such as repeaters, antennas and radio accessories. Telestone also provides services that include project design, project management, installation, maintenance and other after-sales services. Telestone currently has approximately 800 employees.
Safe Harbor Statement
Statements about Telestone's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward-looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The Telestone's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, Telestone undertakes no obligation to update forward-looking statements.
For further information contact:
Telestone Technologies Corporation Ltd.
Fang Cui
Tel: +86-10-8367-0088 x1202
Email: cuifang@telestone.com
Nick Li
Secretary of the Board
Tel: +86-10-8367-0088 x1002
Email: nickl@telestone.com
Telestone Technologies Corporation Ltd.
CONTACT: Fang Cui, +86-10-8367-0088 x1202, or cuifang@telestone.com; Or Nick Li, Secretary of the Board, +86-10-8367-0088 x1002, or nickl@telestone.com, both of Telestone Technologies Corporation Ltd.
Web site: http://www.videonewswire.com/event.asp?id=50658
DSP Group to Attend the RBC Capital Markets 2008 Technology, Media and Communications Conference
SAN JOSE, Calif., Aug. 5 /PRNewswire-FirstCall/ -- DSP Group, Inc. , a worldwide leader in developing and providing solutions for the residential wireless market, will attend the RBC Capital Markets -- 2008 Technology, Media and Communications Conference on August 7 at the Four Seasons Hotel in San Francisco, CA.
Ofer Elyakim, President for South East Asia at DSP Group, will be presenting on Thursday, August 7, 9:30 a.m. - 9:55 a.m. Pacific Time.
The company's presentation and Q&A session will be broadcasted over the Internet. The broadcast can be accessed by all interested parties through the Investor Relations section (Calendar of Events) of DSP Group's Web site at http://www.dspg.com/ or link to: http://www.wsw.com/webcast/rbc91/dspg/
About DSP Group
DSP Group, Inc. is a fabless semiconductor company, offering advanced chip-set solutions for a variety of applications. DSP Group is a worldwide leader in the short-range wireless communication market, enabling home networking convergence for voice, video & data. By combining its in-house technologies of Digital Signal Processors (DSPs), portfolio of wireless communication protocols, including DECT, Bluetooth and Wi-Fi, most advanced Radio Frequency CMOS and SiGe, as well as VoIP ICs, DSP Group is a worldwide leader and a one-stop-shop for a wide range of applications. These applications include ISM band digital 900MHz, 2.4GHz and 5.8GHz telephony, European DECT (1.9GHz) telephony, Bluetooth systems for voice, data and video communication and deployment in residential, SOHO, SME, enterprise and automotive applications. DSP Group ICs provide solutions for MP3 players, VoIP Phones, Gateways, and Integrated Access Devices and are widely used in Digital Voice Recorders. More information about DSP Group is available at http://www.dspg.com/.
For more information, contact
Ofer Elyakim
Tel: +852-3965-5745
e-mail: ofere@dsp.co.il
(Logo: http://www.newscom.com/cgi-bin/prnh/20020715/SFM118LOGO)
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020715/SFM118LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
DSP Group, Inc.
CONTACT: Ofer Elyakim of DSP Group, Inc., +852-3965-5745, ofere@dsp.co.il
Web site: http://www.dspg.com/
ACH Foods Saves $3 Million With InformaticaInformatica data integration platform reduces SAP integration time from six to three months
REDWOOD CITY, Calif., Aug. 5 /PRNewswire-FirstCall/ -- Informatica Corporation , the leading independent provider of data integration software, today announced that ACH Foods has standardized on the Informatica data integration platform to enable rapid route-to-value for M&A projects.
Memphis-based ACH Foods has the most significant and diverse edible and specialty food ingredients business of any food company in North America. Its leading brands include Mazola, the pre-eminent brand of corn oil in North America and Argo, the leading brand of corn starch. In addition to helping to accelerate the incorporation of acquired businesses, Informatica is also saving ACH Foods $3 million by reducing its SAP migration program from six months to three months and enabling the company to manage credit limits and negotiate more profitable contracts with customers.
"Business acquisitions are always a challenge," says Donnie Steward, CIO, ACH Foods, "but with the Informatica data integration platform we have reduced the time taken to integrate the legacy systems from an acquired organization from up to nine months to as little as three months. That accelerated integration provides the company with a faster route to value from the acquired business -- and a quicker path to profitability."
ACH Foods standardized on the Informatica data integration platform following an extensive evaluation process. The Informatica data integration platform comprises innovative technology to provide near-universal data access and a common set of metadata services, data services, infrastructure services, data quality services, and data integration services.
Total focus on data quality
ACH Foods is also using the Informatica platform to drive data quality across their SAP implementation. Standardizing customer names, cleaning address data and using data quality scorecards and matrices on customer, material and vendor data have enabled outstanding results in data quality -- for example, ACH Foods has reduced the number of 'ship to' contacts in their legacy data from 25,000 to only 5,000 in SAP. Powerful data quality profiling, cleansing, and matching also reduced the number of vendors supported on the system by 50 percent -- from 16,000 to 8,000.
Commenting on the achievement at ACH Foods, Chris Boorman, chief marketing officer, Informatica says, "ACH Foods joins an illustrious portfolio of blue-chip organizations that are using Informatica technology to gain a competitive advantage in today's global information economy by empowering them to access, integrate and trust all their information assets. Informatica is extremely proud to be associated with this leading food ingredients company. Providing the enabling technology to integrate data from virtually any business system, in any format, and deliver that data throughout the enterprise at any speed has transformed ACH Foods' ability to acquire other businesses."
About ACH Foods
Memphis-based ACH Foods has the most significant and diverse edible and specialty food ingredients business of any food company in North America. Within its Consumer Products Group, brands include Mazola, the preeminent brand of corn oil in North America, along with Argo, the leading brand of corn starch. In Mexico, ACH Foods markets the number one healthy brand of cooking oils, Capullo. ACH Foods' Commercial Products Group is also an industry leader in both Industrial and Foodservice, providing a wide variety of products to leading restaurant chains and distributors.
About Informatica
Informatica Corporation is the leading independent provider of enterprise data integration software and services. With Informatica, companies can gain greater business value by integrating all their information assets from across the enterprise. More than 3,300 companies worldwide rely on Informatica to reduce the cost and expedite the time to address data integration needs of varying complexity and scale. For more information, call +1 650 385 5000 (+1 800 970 1179 in the U.S.), or visit http://www.informatica.com/.
Note: Informatica is a registered trademark of Informatica Corporation in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.
Informatica Corporation
CONTACT: Deborah Wiltshire of Informatica Corporation, +1-650-385-5360, Mobile, +1-650-862-8186, dwiltshire@informatica.com; or Donna Lyon of Text 100, +1-415-593-8478, Mobile, +1-650-248-1587, informatica@text100.com, for Informatica Corporation
Web site: http://www.informatica.com/
Amerigon Heated and Ventilated Seat System Selected as an Option for the 2008 Nissan Teana SedanFirst Vehicle to Offer New Heated and Ventilated Seat System
NORTHVILLE, Mich., Aug. 5 /PRNewswire-FirstCall/ -- Amerigon Incorporated , a leader in developing products based on advanced thermoelectric (TE) technologies, announced today that its newly developed heated and ventilated seat system is being offered as an option for the 2008 Nissan Teana front-wheel-drive mid-size sedan sold in Asia. This marks the debut of Amerigon's heated and ventilated seat system.
Amerigon's heated and ventilated seat system, which utilizes the Company's patented air distribution system and its innovative heating technology, was developed specifically to provide year-round comfort for value-conscious customers.
Amerigon President and Chief Executive Officer Daniel R. Coker commented, "The Asian market is one of the most important automotive markets in the world and we are very pleased to extend our presence there, especially with a prominent market leader such as Nissan. Japanese automotive manufacturers, like others around the world, recognize that comfort and convenience features, such as our new heated and ventilated seat system, add significant value to their products, particularly to the discriminating buyers who purchase quality sedans like the Teana.
"This is a milestone for Amerigon because it extends our product line for the entry- and mid-level segments of the global automotive market," Coker added.
Other vehicles from Nissan offer Amerigon's Climate Control Seat(TM) (CCS(TM)) system, an actively heated and cooled seat system. These vehicles are the Nissan Cima, Nissan Fuga, Infiniti Q45, Infiniti M45, Infiniti M35, Infiniti FX35 and Infiniti FX50.
About Amerigon
Amerigon develops products based on its advanced, proprietary, efficient thermoelectric (TE) technologies for a wide range of global markets and heating and cooling applications. The Company's current principal product is its proprietary Climate Control Seat(TM) (CCS(TM)) system, a solid-state, TE-based system that permits drivers and passengers of vehicles to individually and actively control the heating and cooling of their respective seats to ensure maximum year-round comfort. CCS, which is the only system of its type on the market today, uses no CFCs or other environmentally sensitive coolants. Amerigon maintains sales and technical support centers in Southern California, Detroit, Japan, Germany, England and Korea.
Certain matters discussed in this release are forward-looking statements that involve risks and uncertainties, and actual results may be different. Important factors that could cause the Company's actual results to differ materially from its expectations in this release are risks that sales may not significantly increase, additional financing, if necessary, may not be available, new competitors may arise and adverse conditions in the automotive industry may negatively affect its results. The liquidity and trading price of its common stock may be negatively affected by these and other factors. Please also refer to Amerigon's Securities and Exchange Commission filings and reports, including but not limited to its Form 10-Q for the period ended March 31, 2008 and its Form 10-K for the year ended December 31, 2007.
Contact: Allen & Caron Inc
Jill Bertotti (investors)
jill@allencaron.com
Len Hall (media)
len@allencaron.com
(949) 474-4300
Amerigon Incorporated
CONTACT: investors, Jill Bertotti, jill@allencaron.com, or media, Len Hall, len@allencaron.com, both of Allen & Caron Inc, +1-949-474-4300, for Amerigon Incorporated
Telindus Belgacom ICT Deploys New Amdocs Customer Management Product Across Eight CountriesAgent-facing product to improve agent response time and operational efficiencies
ST. LOUIS and HEVERLEE, Belgium, Aug. 5 /PRNewswire-FirstCall/ -- Amdocs , the leading provider of customer experience systems, and Telindus, part of the Belgacom Group [Euronext Brussels: BEL], an international information and communication technology provider offering network-based solutions, today announced that Telindus has deployed the Amdocs Smart Agent Desktop to provide superior services to its customers across eight countries in Europe and Asia.
Globally, Amdocs products support more than 1,500 Telindus users with approximately 400 concurrent users. This new deployment is part of an existing five-year contract to standardize Telindus' global customer helpdesk on Amdocs Customer Management software. Amdocs Smart Agent Desktop is a unified agent portal that delivers a 360-degree view of the customer and supports first- contact resolution. Telindus agents can manage purchasing and information requests and service and support queries to quickly respond to requests -- consistently delivering a personalized customer experience. In addition, the adaptability of Smart Agent Desktop will allow Telindus to comply more quickly with customer requirements, meet IT Infrastructure Library objectives, and accelerate its time to market for new services.
"Previously, Telindus had to devote more time and resources to maintaining our CRM system in order to ensure compliance with customer requirements," said Daniel Cauwenberghs, application manager, Telindus. "This deployment has had an immediate impact, enabling us to reduce agent response time. The new performance ability and user-friendliness of the Amdocs Smart Agent Desktop has allowed us to respond more quickly to customers, comply with their requirements and devote more creativity and resources to business innovation. Additionally, Amdocs delivers a CRM system that can handle network issues or sudden spikes in volume to help us ensure that we deliver a superior customer experience."
"Amdocs continues to demonstrate its strength in creating and delivering customer management solutions that drive efficiency across the business," said Charles Born, vice president of corporate communications. "Companies that operate globally, such as Telindus, have complex technical needs, and requirements that vary from region to region. Amdocs Smart Agent Desktop has been designed to help organizations support the rapid flow of call center interactions, and engage customers with targeted cross-sell and up-sell opportunities to increase revenue per interaction."
About Telindus
Telindus, created in 1969 and sustained by 37 years of experience in information and communication technologies (ICT), offers services and solutions responding to the needs of the corporate and institutional sectors. These solutions are underpinned by management and support services.
The company, which is based in Heverlee, was listed on the stock market in 1985 and grew in Europe by taking over various companies. In January 2006, Telindus joined the Belgacom Group as an IT services subsidiary. By joining forces, the two companies wanted to achieve a double objective: to become the ICT leader on the Belgian market, and to make this new entity a key player at the European level.
This acquisition allowed the Belgacom Group to strengthen its position on the European telecom market.
Telindus has a highly skilled international team of 2,830 employees, and is present in 11 western European countries, China and Thailand. Telindus has its headquarters in Belgium and is currently run by Michel De Coster, executive vice-president, Enterprise Business Unit.
About Amdocs Customer Experience Systems (CES)
Amdocs CES, introduced in January 2008, is an integrated portfolio that delivers the operating environment service providers need to transform from providers of utility voice, data and video services into purveyors of the digital lifestyle. Amdocs CES allows providers to deliver an optimal customer experience-personalized, participatory and timely across any service, location and device. The Amdocs CES portfolio leverages Amdocs business process best practices based on real-world scenarios, and transcends traditional business support systems (BSS), operations support systems (OSS) and service delivery platforms (SDPs) to enable service providers to address both current and emerging customer experience business processes. Amdocs' unique business model focuses on enabling its customers to create differentiation and build brand, loyalty, profitability and competitive leadership.
About Amdocs
Amdocs is the market leader in customer experience systems innovation, enabling world-leading service providers to deliver an integrated, innovative and intentional customer experience(TM) at every point of service. Amdocs provides solutions that deliver customer experience excellence, combining the software, service and expertise to help its customers execute their strategies and achieve service, operational and financial excellence. A global company with revenue of $2.84 billion in fiscal 2007, Amdocs has more than 17,000 employees and serves customers in more than 50 countries around the world. For more information, visit Amdocs at http://www.amdocs.com/ .
Amdocs Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs' ability to grow in the business segments it serves, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future, however the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2007, filed on December 3, 2007, and in our quarterly 6-K furnished on February 11 and May 6, 2008.
Amdocs
CONTACT: Darcy Hansen of Amdocs, +1-415-806-4139, darcy.hansen@amdocs.com
Web site: http://www.amdocs.com/
Circuit City Declares 'Sales Tax Holiday' August 9-10 in Its California Stores; Extra Savings Will Help Back to School Shoppers Facing High Energy Bills
RICHMOND, Va., Aug. 5 /PRNewswire-FirstCall/ -- In a move to help consumers stretch their dollars during the important back to school shopping season, Circuit City stores across California will invite shoppers to celebrate a "Sales Tax Holiday" August 9-10, 2008.
During the weekend, Circuit City will absorb the cost of state and local sales taxes for all purchases made in all of its 95 California stores. The savings for shoppers, averaging eight percent, will be in addition to seasonal sales promotions already underway.
"We've seen shoppers enjoy the savings during sales tax holidays in other states around the country and we want to offer that same opportunity to consumers in California," said John T. Harlow, executive vice president and chief operating officer at Circuit City Stores, Inc. "Especially during this time of high energy prices, we know that hard-working families need to make every dollar count this time of year."
Circuit City stores in California have beefed-up inventories in anticipation of the weekend, and are extending store operating hours to accommodate shoppers. Statewide, store hours on Saturday will be 7:00 a.m. to 10:00 p.m. and on Sunday, 8:00 a.m. to 9:00 p.m.
California news organizations are invited to visit local Circuit City stores prior to, or during the "Sales Tax Holiday." Circuit City can offer friendly, knowledgeable store personnel, back to school shopping tips and great visuals. Writers and editors can contact their local stores directly, or arrange a store visit by contacting the Circuit City media relations department:
About Circuit City Stores, Inc.
Circuit City Stores, Inc. is a leading specialty retailer of consumer electronics and related services. The domestic segment operates through 699 Superstores and 9 outlet locations in 158 U.S. markets. The international segment operates through approximately 800 retail stores and dealer outlets in Canada. Circuit City also operates Web sites at http://www.circuitcity.com/, http://www.thesource.ca/ and http://www.firedog.com/.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO)
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010709/CCLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Circuit City Stores, Inc.
CONTACT: Jennifer Sills, +1-804-486-4817, Jennifer_sills@circuitcity.com, or Jim Babb, +1-804-486-4003, Jim_babb@circuitcity.com, both of Circuit City Stores, Inc.
Web site: http://www.circuitcity.com/ http://www.thesource.ca/ http://www.firedog.com/
Amerigon Climate Control Seat(TM) (CCS(TM)) System Featured in the New 2008 Infiniti FX35, FX50
NORTHVILLE, Mich., Aug. 5 /PRNewswire-FirstCall/ -- Amerigon Incorporated , a leader in developing products based on advanced thermoelectric (TE) technologies, announced today that its proprietary Climate Control Seat(TM) (CCS(TM)) system is available as an optional feature in the front seats of the new 2008 Infiniti FX35 and FX50 midsize luxury Sport Utility Vehicles (SUVs).
CCS, the premier actively heated and cooled seat system in the global automotive seat market, allows the driver and passengers to heat and cool their seats individually for comfort in any weather condition at any time of the year.
Amerigon President and Chief Executive Officer Daniel R. Coker said that being added to two additional Infiniti vehicles is an indication of the popularity and value of CCS.
"These Infiniti models are known for their luxurious interiors, as well as their all-around performance, and we believe CCS will add another dimension to that reputation," Coker said. "Amerigon has enjoyed a long-standing relationship with Nissan and Infiniti and the addition of CCS to the latest Infiniti vehicles will continue that successful partnership."
Other vehicles from Nissan that offer CCS are the Infiniti Q45, Infiniti M45, Infiniti M35, Nissan Cima and Nissan Fuga.
About CCS
The CCS system, which is built around Amerigon's highly-efficient, solid-state thermoelectric device, is completely independent of the automobile's heating and air conditioning system and does not reduce power available to the engine. It also emits no CFCs or other gases and is completely friendly to the environment.
Air is forced through the heat pump in the CCS system and thermally conditioned in response to electronic switch input from the seat occupant. The conditioned air circulates by a specially designed fan through ducts in the seat cushion and seat back, so that the surface can be heated or cooled. Each seat has individual electronic controls to adjust the level of heating or cooling. CCS substantially improves comfort compared with conventional air conditioners by focusing the cooling directly on the passenger through the seat, rather than waiting until ambient air cools the seat surface behind the passenger.
Amerigon is the largest supplier of TE systems for cars, with more than 3.8 million thermoelectric-based seat systems sold.
About Amerigon
Amerigon develops products based on its advanced, proprietary, efficient thermoelectric (TE) technologies for a wide range of global markets and heating and cooling applications. The Company's current principal product is its proprietary Climate Control Seat(TM) (CCS(TM)) system, a solid-state, TE-based system that permits drivers and passengers of vehicles to individually and actively control the heating and cooling of their respective seats to ensure maximum year-round comfort. CCS, which is the only system of its type on the market today, uses no CFCs or other environmentally sensitive coolants. Amerigon maintains sales and technical support centers in Southern California, Detroit, Japan, Germany, England and Korea.
Certain matters discussed in this release are forward-looking statements that involve risks and uncertainties, and actual results may be different. Important factors that could cause the Company's actual results to differ materially from its expectations in this release are risks that sales may not significantly increase, additional financing, if necessary, may not be available, new competitors may arise and adverse conditions in the automotive industry may negatively affect its results. The liquidity and trading price of its common stock may be negatively affected by these and other factors. Please also refer to Amerigon's Securities and Exchange Commission filings and reports, including but not limited to its Form 10-Q for the period ended March 31, 2008 and its Form 10-K for the year ended December 31, 2007.
Contact: Allen & Caron Inc
Jill Bertotti (investors)
jill@allencaron.com
Len Hall (media)
len@allencaron.com
(949) 474-4300
Amerigon Incorporated
CONTACT: investors, Jill Bertotti, jill@allencaron.com, or media, Len Hall, len@allencaron.com, both of Allen & Caron Inc, +1-949-474-4300, for Amerigon Incorporated
China's CCTV.com to Stream Live Coverage of 2008 Olympic Games via ViewCast Technology
PLANO, Texas, Aug. 5 /PRNewswire-FirstCall/ -- CCTV.com, the online division of China Central Television (CCTV), China's primary television broadcaster, has deployed ViewCast's Osprey-530 digital video capture cards with SimulStream(R) technology to enable live streaming of the 2008 Olympic Games in Beijing to the CCTV.com Web site. A product of ViewCast Corporation (BULLETIN BOARD: VCST) , a leading global provider of audio and video encoding communication products, the Osprey-530 cards are installed throughout CCTV.com's broadcasting headquarters in downtown Beijing.
CCTV.com has been granted the exclusive rights to stream the Olympic content by the International Olympic Committee. As a longtime user of Osprey-530 cards for other mobile streaming applications, CCTV.com deployed additional cards to be used primarily for streaming Olympic content to the Web. Each Olympic event has its own dedicated Osprey-530 card, which takes the live video feed from the broadcast and processes it for encoding in all of the most common streaming formats for Internet and wireless users. The Osprey-530s were supplied by EZY-Tech, a ViewCast master distributor for Hong Kong and the mainland China.
"We have an excellent track record with the Osprey-530 cards, and CCTV.com chose them for streaming the Olympics not only because of their reliability and high performance, but also their ability to encode content in different formats for a variety of mobile devices simultaneously," said Dennis Lee, Managing Director of EZY-Tech.
The Osprey-530 is designed to be a comprehensive solution for the needs of streaming media professionals. Its features include closed caption extraction from analog and Serial Digital Interface (SDI) inputs, pre-processing of video for inverse telecine and de-interlacing, and real-time bitmap overlay for branding of video. ViewCast's Osprey(R) cards are ideal for delivering video to any number of encoding formats such as Windows Media(R), Adobe(R) Flash(R), H.264 and 3GPP in both narrowband and broadband streaming applications.
"The 2008 Olympic Games have been nicknamed 'The Broadband Olympics,' and with good reason. Sports fans worldwide will be able to watch live coverage of their favorite events from any location, and on a variety of mobile devices -- and advanced streaming technology makes it possible," said Gary J. Klembara, ViewCast's senior vice president of sales. "Since the CCTV.com audience is so huge -- one of the world's largest TV viewing audiences -- we're pleased with the role ViewCast is playing to deliver all the action to such a significant percentage of viewers."
About CCTV
China Central Television is the largest television broadcaster in Mainland China and the world's largest network in terms of viewer numbers. Organizationally, it is a sub-ministry of the People's Republic of China's central government within the State Administration of Radio, Film, and Television. CCTV holds the official rights to stream content from the 2008 Olympic Games to mobile device users in many parts of Asia. For more information, visit http://www.cctv.com/.
About EZY-Tech
EZY-Tech Company Limited is a renowned IT company in providing the most comprehensive range of products and support services in video applications. With over 15 years of experience, the company has been recognized as a leading "Streaming Media Technology and Solution Provider" in the region. Basing in Hong Kong, the company also has branch offices in major cities of China: Beijing, Chengdu and Guangzhou. Visit http://www.ezytech.com/ for more information.
About ViewCast Corporation
ViewCast designs, manufactures and markets high-quality encoding products that enable users to capture, encode and brand audio/video content for live (streaming) and video-on-demand (VOD) delivery over IP and mobile networks. User-friendly encoder appliances include the Niagara(R) Pro and portable Niagara GoStream(R) families -- all powered by their renowned Osprey(R) video capture technology. ViewCast's software, including Niagara SCX(R), Niagara SCX SDK and Osprey SimulStream(R), enhances Osprey and Niagara hardware to configure multiple, simultaneous multi-format, multi-bitrate, multi-resolution video streams. This array of tools empowers broadcasters, businesses, telcos and government to expand their audience via Internet and mobile video. http://www.viewcast.com/
ViewCast, Osprey, Niagara, Niagara SCX, GoStream, SimulStream, and EZStream are trademarks or registered trademarks of ViewCast Corporation or its subsidiaries. All other trademarks appearing herein are the property of their respective owners.
ViewCast Contact:
Jeff Kopang
Vice President of Marketing
Tel: +1 (972) 488-7200
E-mail: jeffk@viewcast.com
PR Agency Contact:
David Netz
Wall Street Communications
Tel: +1 (303) 329-0359
E-mail: dave@wallstcom.com
Investor Contact:
Dan Matsui
Allen & Caron
Tel: +1 (949) 474-4300
E-mail: d.matsui@allencaron.com
ViewCast Corporation
CONTACT: Jeff Kopang, Vice President of Marketing of ViewCast Corporation, +1-972-488-7200, jeffk@viewcast.com; or Media, David Netz of Wall Street Communications, +1-303-329-0359, dave@wallstcom.com, or Investors, Dan Matsui of Allen & Caron, +1-949-474-4300, d.matsui@allencaron.com, both for ViewCast Corporation
Web site: http://www.viewcast.com/
ARCHOS WiFi Portable Media Player Now Available at RadioShack Stores Nationwide and Online at RadioShack.com
FORT WORTH, Texas, Aug. 5 /PRNewswire-FirstCall/ -- RadioShack Corporation and ARCHOS today announced availability of the new ARCHOS 605 WiFi Portable Media Player (PMP) at select neighborhood RadioShack stores nationwide and online at http://www.radioshack.com/. ARCHOS portable media players allow customers to enjoy movies, photos, video, music, television and access to the Internet anytime, anywhere.
Featuring an MSRP of $299.99, the ARCHOS WiFi PMP has a large 4.3-inch high-resolution touch-screen and 30 GB hard drive. The optional ARCHOS Digital Video Recorder Station accessory, available through RadioShack for $99.99, turns the ARCHOS 605 WiFi into a mobile DVR with an integrated electronic program guide to record or schedule TV shows or movies.
RadioShack Merchandising Vice President Doug Lane said the new ARCHOS Multimedia Player is a great all-in-one device that helps the consumer electronics retailer deliver on its brand promise of being the neighbor who helps people get the most out of their technology and achieve great outcomes.
"We are excited to have the ARCHOS line of media and entertainment products available in our neighborhood stores and online at http://www.radioshack.com/," said Lane. "The robust 30 GB hard drive will allow customers to store up to 40 movies, 300,000 photos or 15,000 songs. It's a great device for individuals and families who are looking to maximize their mobile entertainment experience."
"RadioShack is an electronics giant known for its expertise with small, portable consumer electronics, and we couldn't be happier that our Generation 5 line of WiFi portable media players and DVR products are now available through their various retail channels," said Ron Ferguson, ARCHOS senior vice president and general manager North America.
Additional ARCHOS accessories available online at RadioShack.com include the ARCHOS GPS In-Car Holder and the ARCHOS DVR Travel Adapter. The GPS accessory is compatible with the ARCHOS 605 WiFi and turns the device into a full-fledged navigation system, retailing for $129.99. The DVR Travel Adapter allows you to record video and audio on the go and retails for $69.99.
RadioShack and ARCHOS will provide $30 worth of free content for the ARCHOS Media Club, a content portal where users download favorite movies, TV shows or games wirelessly and directly on to their PMP, for any ARCHOS devices that are purchased in-store.
About RadioShack Corporation
RadioShack Corporation is one of the nation's most experienced and trusted consumer electronics specialty retailers. Operating from convenient and comfortable neighborhood and mall locations, RadioShack stores deliver personalized product and service solutions within a few short minutes of where most Americans either live or work. The company has a presence through almost 6,000 company-operated stores and dealer outlets in the United States and nearly 800 wireless phone kiosks. RadioShack's dedicated force of knowledgeable and helpful sales associates has been consistently recognized by several independent groups as providing the best customer service in the consumer electronics and wireless industries. For more information on RadioShack Corporation, or to purchase items online, visit http://www.radioshack.com/.
About ARCHOS
ARCHOS introduced the hard-drive-based MP3 player with the Jukebox 6000 in 2000, and since that time has revolutionized consumer electronics devices. The company introduced the portable video player in 2003 and was the first to bring TV recording, wireless and touch screens to the portable media player. ARCHOS' award-winning products let consumers enjoy movies, photos, video, music and television anytime, anywhere. Established in 1988, ARCHOS has offices in the United States, Europe and Asia, and is quoted on Compartment B of Euronext Paris, ISIN Code FR0000182479. More information is available online at http://www.archos.com/.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000518/DATH047LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
RadioShack Corporation
CONTACT: Charles Hodges of RadioShack Corporation, +1-817-415-3300, Media.relations@radioshack.com; or Samantha Steinwinder of Concept Communications +1-206-760-9809, samantha@conceptpr.net, for ARCHOS
Web site: http://www.radioshackcorporation.com/ http://www.radioshack.com/ http://www.archos.com/
Dow Jones Insight Offers New Enhancements for Better Media Measurement and ReportingNew Functionality Builds on Dow Jones's Commitment to Power the Intelligent Enterprise with Metrics and Tools that Save Time and Increase Productivity
NEW YORK, Aug. 5 /PRNewswire-FirstCall/ -- Dow Jones & Company, , today announced a number of significant enhancements to Dow Jones Insight, a solution that combines the best technology, traditional and social media content, tools and services to provide public relations and corporate communications professionals with access to the latest media coverage and high-quality media measurement for their organization. The new enhancements include access to key performance indicators (KPIs), alerts and newsletters and allow executives to act faster and more decisively with their communications strategies, ultimately saving time and increasing productivity.
With the key performance indicators and alerts, customers are able to proactively monitor and measure the impact of their media coverage on their KPIs. These metrics allow organizations to compare the success of their campaigns over time and provide users with automatic notification of changes in the coverage so they can act accordingly.
The newsletter feature allows users to create polished communications to share campaign results or distribute top media coverage thereby demonstrating the value of campaigns and keeping everyone informed of business-critical coverage. Among the various options offered with the newsletter feature is the ability to easily create news summaries and campaign reports with links to news stories, blog posts or Web links, and charts.
"These new enhancements were developed in response to our customer needs," said Alan Scott, senior vice president and chief marketing officer, Dow Jones Enterprise Media Group. "Dow Jones Insight allows organizations to identify and respond to any opportunities and threats in time to influence the outcome. As a result, we help organizations optimize their communications programs and drive winning campaign strategies."
Additional new functionality offered by Dow Jones Insight includes journalist charts, which help organizations identify influential journalists or bloggers who are covering their company and competitors, saving them time when creating media pitch lists. Users can also measure the success of their interactions with journalists so they can more effectively develop relationships and optimize media coverage.
Dow Jones Insight powers the intelligent enterprise with a unique combination of content, technology and people to provide services that help organizations develop communications strategies and metrics that demonstrate the value of public relations. Because every organization has its own media focus and metrics, each engagement is fully customized by Dow Jones Insight Media Lab consultants and analysts to ensure accurate, reliable results. The high-quality media measurement and workflow tools provide customers with the information they need to optimize programs and keep everyone in the enterprise informed about the latest media coverage and campaign results.
For more information about Dow Jones Factiva products including Dow Jones Insight, visit http://www.factiva.com/. For more information 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: Shannon Sullivan, Senior Public Relations Manager, Americas & APAC, of Dow Jones Enterprise Media Group, +1-609-627-2312, shannon.sullivan@dowjones.com
Web site: http://www.factiva.com/ http://www.solutions.dowjones.com/ http://www.dowjones.com/ http://www.newscorp.com/
The PISMO(TM) Advisory Council Adds Agilent, Samtec and Mentor Graphics as New MembersIndustry leaders provide expertise for next generation board interconnect solutions
SUNNYVALE, Calif., Aug. 5 /PRNewswire-FirstCall/ -- The PISMO(TM) Advisory Council today announced that Agilent Technologies, Samtec and Mentor Graphics have joined the group. PISMO is the industry's first organization focused on streamlining system-level Flash memory validation and test. It is a global collaboration of industry leaders defining and developing standards for board level memory. The Council, founded by Spansion and ARM in 2004, now includes 18 member companies.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060118/SFW077LOGO)
"This group of new members demonstrates the expanding reach of the PISMO ecosystem, and we are very excited by the capabilities and expertise they bring to the PISMO industry consortium," said Rik Graulus, Senior Business Development Manager at Spansion and Chairman of the PISMO Advisory Council. "Agilent's extensive test, measurement and probing capabilities, combined with Samtec's expertise in developing robust board interconnect solutions, with access to Mentor's state-of-the-art simulation tools will be extremely important for the next-generation PISMO specification aimed at supporting memory devices operating at frequencies up to 533MHz. Higher operating frequencies require designers to have access to more advanced tools to address signal integrity and crosstalk, and require reliable probing solutions for debugging, troubleshooting, testing and validating PISMO modules with high speed devices."
Recent growth in the wireless and embedded markets has given rise to a myriad of new processors, chipsets and memory types that must be tested for compatibility. Without a standard interface, system designers must develop and use a variety of device-specific development boards to ensure compatibility. The PISMO standard is intended to address this challenge and the selection of the right board interconnect solution is of paramount importance.
About the PISMO Advisory Council
The PISMO Advisory Council, spearheaded by Spansion and ARM, is the industry's first organization focused on streamlining system-level memory test and validation. The PISMO interface standard defines mechanical and electrical specifications for small form factor memory modules. The PISMO(TM) modules are stackable and supported by tools that provide easy access to signals for performing in-depth analysis. These features and more make PISMO memory modules ideal for validating and prototyping combinations of memory devices with a variety of host controllers.
PISMO Advisory Council member companies include ARM, Agilent, Analog Devices, Broadcom, Cypress, HARDI Electronics, Mentor Graphics, Micron, NanoAmp Solutions, NEC, Qimonda, Samsung, Samtec, Sandisk (M-Systems), SMedia, Spansion, Spreadtrum and Toshiba. For more information on PISMO products and membership, please visit the PISMO Advisory Council Web site at http://www.pismoworld.org/.
About Spansion
Spansion is a leading Flash memory solutions provider, dedicated to enabling, storing and protecting digital content in wireless, automotive, networking and consumer electronics applications. Spansion, previously a joint venture of AMD and Fujitsu, is the largest company in the world dedicated exclusively to designing, developing, manufacturing, marketing and selling Flash memory solutions. For more information, visit http://www.spansion.com/.
PISMO(TM) and the PISMO logo are trademarks of Spansion LLC. Other names used are for informational purposes only and may be trademarks of their respective owners.
Spansion(R), the Spansion logo, MirrorBit(R), MirrorBit(R) Eclipse(TM), ORNAND(TM), ORNAND2(TM), HD-SIM(TM), Spansion(R) EcoRam(TM) and combinations thereof, are trademarks of Spansion LLC in the U.S. and other countries. Other names used are for informational purposes only and may be trademarks of their respective owners.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060118/SFW077LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
PISMO Advisory Council
CONTACT: Holly Burkhart of Spansion Inc., +1-408-616-1170
Web site: http://www.pismoworld.org/ http://www.spansion.com/
comScore Releases June 2008 U.K. Search Rankings
LONDON, August 5 /PRNewswire/ --
- More than 3 out of 4 Searches Conducted on Google Sites
- Bebo Acquisition Propels AOL LLC to #6 Ranked Search Property
comScore, Inc. (Nasdaq: SCOR), a leader in measuring the digital world,
today released its report on U.K. Internet search activity in June 2008,
based on data from the comScore qSearch 2.0 online measurement service.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO)
Top 10 U.K. Search Properties
In June, Google Sites slightly increased its lead as the most popular
search property in the U.K. to 75.3 percent of all search queries, followed
by eBay (5.5 percent), Yahoo! Sites (4.3 percent) and Microsoft Sites
(3.4 percent). AOL LLC's acquisition of U.K. social networking property,
Bebo.com, expanded its share of search queries to 2.3 percent, edging
Facebook.com (2.2 percent) into sixth place.
comScore qSearch 2.0 U.K. Share of Search Report*
June 2008 vs. May 2008
Total U.K., Age 15+ - Home & Work Locations
Source: comScore qSearch 2.0
Property May 2008 June 2008 Pt Change
Total Internet 100.0 100.0 0.0
Google Sites 74.7 75.3 0.5
eBay 5.7 5.5 -0.2
Yahoo! Sites 4.7 4.3 -0.4
Microsoft Sites 3.3 3.4 0.1
Ask Network 2.6 2.4 -0.2
AOL LLC 1.6 2.3 0.7
FACEBOOK.COM 2.0 2.2 0.2
Amazon Sites 0.7 0.7 0.0
BBC Sites 0.7 0.7 0.0
Rightmove Sites 0.7 0.6 0.0
* Excludes searches from public computers such as Internet cafes or
access from mobile phones or PDAs.
Other notable findings from June 2008 include:
-- There were 3.9 billion total searches conducted in the U.K. during the
month.
-- 31 million U.K. Internet users conducted at least one search.
-- U.K. searchers conducted an average of 124 searches per searcher
during the month, or 4.1 searches per day.
-- U.K. searchers made a combined total of 937 billion visits to a search
engine in May, with an average of 4.1 searches per visit.
About comScore
comScore, Inc. (NASDAQ: SCOR) is a global leader in measuring the digital
world. For more information, please visit http://www.comscore.com/boilerplate
Web site: http://www.comscore.com
comScore, Inc.
Jamie Gavin of comScore, Inc., +44-(0)-207-099-1775, worldpress@comscore.com; Photo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com
OTI to Supply ERG with Contactless Card Readers for Utah's Transit Payment SolutionSolution Will Allow Contactless Payment for Mass Transit & Ski Resort Access
FORT LEE, N.J., Aug. 5 /PRNewswire-FirstCall/ -- On Track Innovations Ltd. (OTI) , a global leader in contactless microprocessor-based smart card solutions, for payments, petroleum payments, homeland security, and other applications, announced today that it will supply its contactless readers to the ERG Group, a world leader in smart card automated fare collection solutions, for Utah Transit Authority's (UTA) contactless credit card bus payment solution. This ERG-UTA roll-out is another U.S. project based on OTI's reader solutions, including projects in Boston and Houston.
The contract for the full rollout of the system in the Salt Lake City metropolitan area follows the recently reported successful pilot project completed by ERG and UTA. For the pilot, buses serving Salt Lake City area ski resorts were equipped with the new system which allowed customers to use contactless credit cards and other smart cards for both transit payment and ski resort access. UTA's system will similarly allow passengers the choice of contactless credit cards and other smart cards for mass transit payment and ski resort access.
UTA will allow a variety of cards to be used for fare payment including UTA-issued, employer-provided transit smart cards, local university passes, ski resort passes and contactless credit cards. At full system roll-out, the system will feature a unique to ERG onboard, rapid authorization of contactless credit cards to minimize any risk of credit card fraud.
OTI is supplying the front-end solutions, including readers and its proprietary software, to support ISO 14443 proximity payments and ISO 15396 vicinity payments. The ability to support both payment and vicinity cards gives UTA the flexibility to implement various types of contactless cards according to their specific use, and establishes a flexible and modular contactless payment platform.
ERG Group, a world leader in the development and supply of integrated fare management and software systems for the transit industry, is designing, building, operating and maintaining the system.
Oded Bashan, Chairman and CEO of OTI commented: "The global mass transit markets present a great opportunity for OTI's advanced contactless payment solutions. The OTI contactless card readers provide a flexible and modular infrastructure, which is required to support a variety of cards, programs and technologies such as in this transit program. In addition, the reader's speed and fast throughput provides multiple operators with a valuable solution.
ERG Group
The ERG Group is a world leader in the development and supply of integrated fare management and software systems for the transit industry. The Group has installed systems operating in major cities throughout the world including Gothenburg, Hong Kong, Melbourne, Rome, San Francisco and Singapore that support more than 22 million smart cards in circulation and process approximately 5 billion transactions per annum. Additional installations are in progress in London, Seattle, Stockholm and Washington DC. ERG is an Australian-based company, listed on the Australian Securities Exchange and employs approximately 900 people in 10 countries, including over 500 people in Australia. ERG generates significant export revenue and international acclaim for Australian technology. Large transit agencies and the travelling public in major cities throughout the world depend on ERG for the maintenance and support of their current systems and completion of their new integrated ticketing systems.
Additional information is available at http://www.erggroup.com/.
About OTI
Established in 1990, OTI designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking, loyalty programs and secure campuses. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards.
For more information on OTI, visit http://www.otiglobal.com/, the content of which is not part of this press release.
About UTA
Established in 1970, UTA has become a multi-modal transportation leader that is 100 percent accessible with 69 light rail vehicles, 30 commuter rail cars and more than 600 buses. UTA's TRAX light rail system is currently averaging between 40,000 and 50,000 riders a day along its 15-mile Salt Lake-Sandy line and the 4-mile University Line. UTA is an ISO 14001:2004 9001:2000 certified agency. During the 2002 Winter Olympic Games, UTA's transit system was declared a great success on the international scene - carrying more than four million Olympic riders.
Safe Harbor for Forward-Looking Statements:
This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Whenever we use words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions, we are making forward-looking statements. Because such statements deal with future events and are based on OTI's current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of OTI could differ materially from those described in or implied by the statements in this press release. For example, forward-looking statements include statements regarding our goals, beliefs, future growth strategies, objectives, plans or current expectations, such as those relating to our opportunities in the global mass transit market. Forward-looking statements could be impacted by market acceptance of new and existing products and our ability to execute production on orders, as well as the other risk factors discussed in OTI's Annual Report on Form 20-F for the year ended December 31, 2007, which is on file with the Securities and Exchange Commission. Although OTI believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Except as otherwise required by law, OTI disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or circumstances or otherwise.
OTI Contact: Investor Relations:
Galit Mendelson Paul Holm/ Portfoliopr
Vice President of Corporate Relations 212-888-4570
201 944 5200 ext. 111 paulh@porfoliopr.biz
galit@otiglobal.com
On Track Innovations Ltd.
CONTACT: Galit Mendelson, Vice President of Corporate Relations, On Track Innovations Ltd., +1-201-944-5200 ext. 111, galit@otiglobal.com, or Paul Holm, Portfoliopr, +1-212-888-4570, paulh@porfoliopr.biz
Web site: http://www.otiglobal.com/ http://www.erggroup.com/
Banque Centrale Populaire Consolidates Activity Abroad With New Trade Finance Solutions From Misys
LONDON, August 5 /PRNewswire-FirstCall/ -- Banque Centrale Populaire (BCP), one of the largest banks in Morocco, has strengthened its trade finance offer to corporates with the new trade finance solutions from Misys, the global application software and services company.
The extension of the longstanding partnership with Misys has allowed Banque Centrale Populaire to introduce the latest version of Misys Trade Innovation and benefit from the front-office award-winning solution Misys Trade Portal. The integrated solution allows the Bank to expand its foreign trade financing operations effectively and provide better products and services to its customers.
Through the deal, BCP enriches its offer by giving businesses access to a new range of services through Misys Trade Portal. In implementing the solution online, the bank enables importers and exporters to connect seamlessly with its platform, by providing better control and better visibility on international commercial transactions. In addition, it will consolidate back-office operations with the improved version of Misys Trade Innovation.
Olivier Berthier, Head of Product Management, Misys Trade Services, adds, "We are delighted to be able to extend our relationship with BCP in Morocco, which is building up its trade finance business to cater for increased volumes and demands from its customers. With our support the bank will be able to maintain its position at the front of the regional trade finance industry and expand rapidly into new markets."
Misys Trade Services provides more than 190 customers with solutions for all their trade finance needs, making it the world's best-selling trade finance system provider.
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks. In healthcare, Misys is a market leader, serving more than 110,000 physicians in 18,000 practice locations and 600 home care providers. Misys employs around 4,500 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.
Misys: experience, solutions, results
Contact us today, visit: http://www.misys.com/
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys Banking
+44(0)20-3320-5530
edward.taylor@misys.com
Sebastian Mathews
Financial Dynamics
+44(0)207-269-7158
sebastian.mathews@fd.com
Misys plc
CONTACT: For further information please contact: Edward Taylor, Global Head of Public Relations, Misys Banking, +44(0)20-3320-5530, edward.taylor@misys.com; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews@fd.com
Magic Software and Blat-Lapidot use iBOLT to Integrate IT Systems for SkyVisionThe Project Will Allow SkyVision to Synchronize Their On-Demand Salesforce.com With Their On-Premise SAP Business One and Other Applications
OR-YEHUDA, Israel, August 5 /PRNewswire-FirstCall/ -- Magic Software Enterprises Ltd. http://www.magicsoftware.com/, a leading provider of application platform (http://www.magicsoftware.com/2559-en/uniPaaS.aspx), and business and process integration (http://www.magicsoftware.com/78-en/products.aspx) solutions, today announced that Magic Software Israel and Blat-Lapidot will be performing a business application integration for SkyVision, a major supplier of communications services for developing markets.
Magic Software's iBOLT business integration suite will connect and integrate SkyVision's Salesforce.com on-demand CRM system that currently is operated by the company as a Software-as-a-Service (SaaS), to the company's on-premise SAP Business One ERP system and other internal systems. Through integration the company aims to build and improve their business and organizational processes to enable the real-time bi-directional flow of information through the organization without departmental or system boundaries.
According to Eran Benno, vice president of operations for SkyVision, "The choice of the iBOLT integration suite to synchronize our IT systems will allow us to make great cost and work time savings. Until now, these processes have been performed manually, but with the arrival of iBOLT we can now eliminate the repetitive manual data duplication that's been taking up much of our staff's time and in the process drastically reduce the instances of human error affecting our business data.
"The special edition of Magic Software's iBOLT for Salesforce.com allows us to offer our customers a code-free integration solution that will enable them to make better use of their installed IT systems, and their Salesforce.com application," said Maya Komerov, CEO business applications at Blat-Lapidot.
According to Udi Ertel, CEO Magic Software Israel, "We are very pleased to implement this important Salesforce project with Blat-Lapidot for SkyVision. Having only recently launched iBOLT for Salesforce.com, this project win clearly reinforces the need for a cost-effective, fast and out-of-the-box integration solution. Our iBOLT business integration suite ensures that management and staff make more effective business decisions that lead to greater productivity while our code-free approach enables far shorter time-to-market than the use of code-based tools or custom coding."
iBOLT for Salesforce.com (http://www.magicsoftware.com/348-en/products.aspx) is a special edition of Magic Software's award-winning business integration suite. iBOLT for Salesforce.com is code-free and can integrate on-demand CRM applications such as Salesforce.com with other enterprise business applications including ERP, Finance, Human Resource Management Systems, Distribution and Data Warehouse Management. By facilitating the sharing of information across the Enterprise, management can make more informed business decisions and eliminate work duplication and manual data entry arising from the compartmentalization of mission-critical data.
iBOLT has been successfully used in hundreds of integration projects worldwide.
Magic Software will showcase iBOLT for Salesforce.com at a number of Salesforce.com Success-Tours and Tour-de-Force events, as well as at Dreamforce USA, November 2-5, 2008.
For all Magic Software's events, please visit: http://www.magicsoftware.com/58-en/Magic.aspx
About Blat-Lapidot
Blat Lapidot was established some 20 years ago. Over the years, and following developments in the field of organizational consulting, the company focused on a number of fields - change management, managerial development, and organizational development. In the course of the years, the company understood that in order to provide a comprehensive solution for the customer it was incumbent to become experts in organization and methods improvement, as well as implementation of organizational software such as CRM-on-demand, etc. In parallel, the Blat Lapidot team expanded, with experts in the fields of behavioral sciences, industrial engineers, and systems analysts joining the staff of organizational consultants. These additions have afforded Blat Lapidot the flexibility to provide broad-based solutions for large and complex organizations in a variety of fields. For more information about Blat Lapidot, please visit: http://www.blat-lapidot.com/DefaultEng.aspx.
About Magic Software
Magic Software Enterprises Ltd. is a leading provider of application platform, and business and process integration solutions. Magic Software has offices in 10 countries and a presence in over 50, as well as a global network of ISV's, system integrators, value-added distributors and resellers, consulting and OEM partners. The company's award-winning code-free solutions give partners and customers the power to leverage existing IT resources, enhance business agility and focus on core business priorities. Magic Software's technological approach, product roadmap and corporate strategy are recognized by leading industry analysts. Magic Software has partnerships with global IT leaders including SAP AG, salesforce.com, IBM and Oracle. For more information about Magic Software Enterprises and its products and services, visit http://www.magicsoftware.com/.
Magic Software is a subsidiary of Formula Systems in the Emblaze Group of companies.
Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.
Press contacts:
Cathy Caldeira
Metis Communications
Tel: +1-617-236-0500
magicsoftware@metiscomm.com
Magic Software Enterprises Ltd
CONTACT: Press contacts: Cathy Caldeira, Metis Communications, Tel: +1-617-236-0500, magicsoftware@metiscomm.com
Banque Centrale Populaire Consolidates Activity Abroad With New Trade Finance Solutions From Misys
LONDON, August 5 /PRNewswire/ -- Banque Centrale Populaire (BCP), one of the largest banks in Morocco, has
strengthened its trade finance offer to corporates with the new trade finance
solutions from Misys, the global application software and services company.
The extension of the longstanding partnership with Misys has allowed
Banque Centrale Populaire to introduce the latest version of Misys Trade
Innovation and benefit from the front-office award-winning solution Misys
Trade Portal. The integrated solution allows the Bank to expand its foreign
trade financing operations effectively and provide better products and
services to its customers.
Through the deal, BCP enriches its offer by giving businesses access to a
new range of services through Misys Trade Portal. In implementing the
solution online, the bank enables importers and exporters to connect
seamlessly with its platform, by providing better control and better
visibility on international commercial transactions. In addition, it will
consolidate back-office operations with the improved version of Misys Trade
Innovation.
Olivier Berthier, Head of Product Management, Misys Trade Services, adds,
"We are delighted to be able to extend our relationship with BCP in Morocco,
which is building up its trade finance business to cater for increased
volumes and demands from its customers. With our support the bank will be
able to maintain its position at the front of the regional trade finance
industry and expand rapidly into new markets."
Misys Trade Services provides more than 190 customers with solutions for
all their trade finance needs, making it the world's best-selling trade
finance system provider.
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions
that deliver significant results to organisations in the financial services
and healthcare industries. We maximise value for our customers by combining
our deep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, with
over 1,200 customers, including all of the world's top 50 banks. In
healthcare, Misys is a market leader, serving more than 110,000 physicians in
18,000 practice locations and 600 home care providers. Misys employs around
4,500 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and services
company, delivering results for the most important industries in the world.
Misys: experience, solutions, results
Contact us today, visit: http://www.misys.com
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys Banking
+44(0)20-3320-5530
edward.taylor@misys.com
Sebastian Mathews
Financial Dynamics
+44(0)207-269-7158
sebastian.mathews@fd.com
Misys plc
For further information please contact: Edward Taylor, Global Head of Public Relations, Misys Banking, +44(0)20-3320-5530, edward.taylor@misys.com; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews@fd.com
Global Sources Named to Supply & Demand Chain Executive 100 List
Award Honors Companies that Provide the Most Innovative Solutions
to Supply Chain Challenges
HONG KONG, Aug. 5 /Xinhua-PRNewswire-FirstCall/ -- Global Sources ( http://www.globalsources.com/ ) has been selected for the 2008 Supply & Demand Chain Executive 100 -- an award which recognizes companies providing the next wave of innovative supply chain solutions.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )
Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "We are honored to have been chosen for this prestigious award -- particularly as it comes on the heels of our launch of Global Sources Online 2.0. With comprehensive search results, including verified and unverified suppliers, it offers the world's only one-stop sourcing solution for buyers.
"With our online, trade show and print media, we believe that we offer the most complete platform for buyers to source from Asia -- from discovery to final orders."
Other winners of the Supply & Demand Chain Executive 100 Award include Microsoft, Motorola, JPMorgan and Staples. A complete list of winners is available at http://www.sdcexec.com/print/Supply-and-Demand-Chain- Executive/2008-Supply-and-Demand-Chain-Executive-100/1$10582 .( Note: If the URL above wraps to a second line, paste both lines into the browser.)
More information about Global Sources is available at http://corporate.globalsources.com/ .
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other business segments facilitate trade from the world to Greater China, and trade within China, using Chinese-language media.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 725,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on nearly 3 million products and more than 196,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 9 specialized trade shows which run 27 times a year across eight cities.
Suppliers receive more than 36 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com/ ) alone.
Global Sources has been facilitating global trade for 37 years. Global Sources' network covers more than 69 cities worldwide. In mainland China, Global Sources has over 2,800 team members in more than 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.
Global Sources Press Contact in Asia:
Camellia So
Tel: +852-2555-5021
Email: cso@globalsources.com
Global Sources Press Contact in U.S.:
James W.W. Strachan
Tel: +1-480-664-8309
Email: strachan@globalsources.com
Global Sources Investor Contact in Asia:
Investor Relations Department
Tel: +852-2555-4777
Email: investor@globalsources.com
Global Sources Investor Contact in U.S.:
Kirsten Chapman
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: investor@globalsources.com
Photo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b PR Newswire Photo Desk, photodesk@prnewswire.com
Global Sources
CONTACT: Press contact in Asia: Camellia So, +852-2555-5021, cso@globalsources.com; Press contact in U.S.: James W.W. Strachan of Global Sources, +1-480-664-8309, strachan@globalsources.com; Investor contact in Asia: IR Department of Global Sources, +852-2555-4777, investor@globalsources.com; Investor Contact in U.S.: Kirsten Chapman of Lippert-Heilshorn & Associates, Inc., +1-415-433-3777, investor@globalsources.com, for Global Sources
Web site: http://corporate.globalsources.com/ http://www.globalsources.com/
NDS Group plc Reports Fiscal Year 2008 ResultsEarnings Release for the Fiscal Year Ended June 30, 2008HIGHLIGHTS- Revenues for fiscal 2008 up 20% to $850.1 million.- Operating income for fiscal 2008 up 21.8% to $195.4 million.- Diluted net income per share up 16.7% to $2.72 per share.- 90.3 million active devices protected by NDS conditional access technology at end of period.- 92.5 million middleware clients deployed at end of period.- 13.1 million DVR clients deployed at end of period.
NEW YORK and LONDON, Aug. 5 /PRNewswire-FirstCall/ -- NDS Group plc ("NDS" or the "Company") , a majority-owned subsidiary of News Corporation that supplies open end-to-end digital technology and services to digital pay-television platform operations and content providers, announced today its results for the fiscal year ended June 30, 2008.
Commenting on NDS's performance, Dr. Abe Peled, Chairman and Chief Executive Officer of NDS, said, "NDS has completed another year with strong results on all our key metrics, subscriber growth, middleware and DVR shipments, and strong performance of our Orbis subsidiary. Our fiscal 2008 performance has benefited from continued strong execution and key new customer wins. Of particular note are our successful penetration of the German cable and satellite market, and our wins in India and Malaysia. We also extended the terms of our CA contracts with our largest customers. Our reported performance benefited overall from the continued weakness of the U.S. dollar. Unfortunately, as we look into fiscal 2009, the continuing strength of the Israeli shekel will make fiscal 2009 a very challenging year. We plan to invest in our business in order to continue to provide first rate technology and support to our customers in their current business, as well as to prepare for the challenges and opportunities presented by the rapid penetration of broadband and the changing viewing patterns it makes possible."
KEY FINANCIAL MEASURES
Fiscal years ended June 30,
2008 2007
Revenue (in thousands) $850,148 $709,492
Operating income (in thousands) $195,384 $160,356
Operating margin 23.0% 22.6%
Net income (in thousands) $160,095 $135,727
Diluted net income per share $2.72 $2.33
KEY NON-FINANCIAL MEASURES
Fiscal years ended June 30,
2008 2007
Smart card deliveries (in millions)
Quantity delivered in period 37.3 26.3
Number of devices protected by NDS
conditional access (in millions)
Net additions 14.9 10.4
At end of period 90.3 75.4
Middleware clients deployed (in millions)
Middleware clients deployed in period 30.7 18.2
Acquisitions(1) - 2.0
Deployments, end of period 92.5 61.8
DVR clients deployed (in millions)
DVR clients deployed in period 5.8 3.8
Deployments, end of period 13.1 7.3
Employees
Full-time equivalents, end of period 3,961 3,572(2)
(1) Represents 2.0 million OpenRG(TM) residential gateway middleware devices developed and deployed by Jungo that were recognized at the time of the acquisition of Jungo on December 31, 2006.
(2) Includes 136 employees of Jungo, acquired on December 31, 2006.
KEY DEVELOPMENTS IN THE FOURTH QUARTER
-- Our Board of Directors announced the receipt of a proposal from News Corporation and two newly incorporated companies formed by funds advised by Permira Advisers LLP (the Permira Newcos). The proposed transaction, if consummated, would result in NDS ceasing to be a public company and the Permira Newcos and News Corporation owning 51% and 49% NDS's outstanding equity, respectively, subject to dilution by management equity and employee options. There can be no assurance that any extraordinary transaction involving us will be approved or completed.
-- We opened sales and support offices in Munich, Germany and New Delhi, India, strengthening our ability to serve customers and to develop new business opportunities in these markets.
-- Russian media giant Sistema Mass Media chose NDS's VideoGuard Mobile(TM) to secure its mobile TV service, available to all Russian mobile subscribers irrespective of network provider, and the NDS Unified Headend(TM) to manage and secure delivery over mobile and IP networks to set-top boxes, PCs and handsets, resulting in a truly convergent service for the Russian market.
-- SkyLife, Korea's first and only digital satellite Pay TV operator, expanded its long-standing relationship with NDS by introducing NDS VideoGuard(R) conditional access and MediaHighway(R) middleware to secure and power its new live HD broadcast service.
-- Cox Communications, the third largest cable operator in the USA, chose NDS to develop a next-generation video user interface (UI) to enhance its Pay TV offering.
-- Australia's leading subscription television provider, FOXTEL, selected a next generation Electronic Program Guide (EPG) and XTV(TM) technology from NDS to power its new HD DVR
-- SKY Television New Zealand has selected NDS's next generation EPG and XTV(TM) DVR technology to power its new MY SKY HDi DVR. SKY expects to deploy over 80,000 MY SKY HDi DVRs in the next financial year.
-- Gateway Broadcast Services (GBS) selected NDS MediaHighway middleware and EPG to power its GTV Pay TV platform for Sub-Saharan Africa. In February 2007, GBS chose VideoGuard to secure its platform.
FINANCIAL REVIEW
Total revenue for the fiscal year ended June 30, 2008 was $850.1 million, an increase of 20% compared to the previous fiscal year.
Revenue from conditional access increased by 17% during the fiscal year ended June 30, 2008, as compared to the fiscal year ended June 30, 2007. The increase was principally due to recognition of a portion of security services revenue previously deferred as certain remaining revenue recognition criteria were satisfied during the fiscal year ended June 30, 2008. Additionally, conditional access revenue rose due to the growth of the subscriber base of our customers, offset in part by certain price reductions, as well as an increase in customers and a higher volume of smart cards delivered to customers. Integration, development and support revenues in the fiscal year ended June 30, 2008 was consistent with that recognized in the fiscal year ended June 30, 2007. The recognition of revenues from new customers and from the delivery of enhancements to several of our major customers is dependent on the timing of satisfaction of all of our revenue recognition criteria and, therefore, this component of our revenues tends to fluctuate from period to period; however, during the periods under review there was little change. License fee and royalty revenues increased by 12% during the fiscal year ended June 30, 2008, as compared to the fiscal year ended June 30, 2007, principally as a result of higher middleware royalty revenues as well as higher conditional access and EPG royalties. The increases in royalties were due to an increase in the number of platform operators and service providers that deploy our technology and by the growth in the number of new set-top boxes deployed or manufactured. Middleware royalties are driven by the number of middleware clients deployed, the number of which is disclosed in the table above. The increase in revenues from new technologies of 40% in the fiscal year ended June 30, 2008, compared to the fiscal year ended June 30, 2007, was principally due to higher revenues from our DVR technologies, advanced middleware, IPTV, gaming applications and residential gateway devices. Revenue from our DVR technologies and advanced middleware is driven by the number of DVR clients deployed (disclosed in the table above) and the level of integration and development revenue recognized.
Cost of goods and services sold increased by 19% during the fiscal year ended June 30, 2008, as compared to the fiscal year ended June 30, 2007, principally due to an increase in the number of our employees working on development, integration and support activities, as well as increased royalties paid to third parties for the use of their technologies and higher deliveries of smart cards during the periods. The increases were partially offset by lower smart card unit costs.
Our main operating expenses are employee costs (including the cost of equity-based awards), facilities costs, depreciation, travel costs and legal expenses. Our main operating expenses have increased primarily due to a higher number of employees, facilities expenses and legal costs. Employee costs were approximately 23% higher in U.S. dollar terms during the fiscal year ended June 30, 2008, as compared to the prior fiscal year.
Research and development costs increased by 14% during the fiscal year ended June 30, 2008, as compared to the fiscal year ended June 30, 2007, principally as a result of a higher number of employees working on an increased number of projects. Sales and marketing expenses increased by 18% in the fiscal year ended June 30, 2008, as compared to the fiscal year ended June 30, 2007, primarily as a result of higher employee headcount and travel costs, increased attendance at trade shows and a higher level of corporate communications activities. General and administrative expenses increased by 40% in the fiscal year ended June 30, 2008, as compared to the fiscal year ended June 30, 2007, primarily due to increased legal expenses, as well as equity compensation costs and facilities and infrastructure costs.
We estimate that the weaker U.S. dollar increased our revenue by approximately $27 million and increased our operating income by approximately $12 million during the fiscal year ended June 30, 2008, compared to what would have been achieved had foreign exchange rates been consistent with those prevailing in the prior fiscal year. This is inclusive of a gain of approximately $17 million arising on currency purchased at favorable prices.
As a result of the factors outlined above, and, in particular, the increase in conditional access and new technologies revenue and the impact of foreign currency exchange rate movements, operating income was $195.4 million, or 23.0% of revenue, for the fiscal year ended June 30, 2008, compared to $160.4 million, or 22.6% of revenue, for the fiscal year ended June 30, 2007.
During the fiscal year ended June 30, 2008, we incurred other expenses of $2.5 million in legal and professional fees associated with the proposed transaction announced by News Corporation and Permira. Further costs associated with this transaction are expected to be incurred in the fiscal year ending June 30, 2009.
As of June 30, 2008, we had cash and cash equivalents totaling $735.0 million. During the fiscal year ended June 30, 2008, cash from operating activities was $141.9 million and we paid a net $10.5 million in respect of business acquisitions. We had a net inflow of cash and cash equivalents of $124.7 million in the fiscal year ended June 30, 2008, compared to $267.9 million in the fiscal year ended June 30, 2007. During the fiscal year ended June 30, 2007, short-term investments of $184.4 million matured and we did not reinvest such funds.
FOREIGN EXCHANGE RATES
Average foreign exchange rates used in the year-to-date results are as follows:
Fiscal years ended June 30,
2008 2007
U.K. Pounds Sterling/U.S. Dollar 0.4992 0.5178
Euro/U.S. Dollar 0.6816 0.7664
Israeli Shekel/U.S. Dollar 3.7962 4.1572
Indian Rupee/U.S. Dollar 40.2190 44.0530
ABOUT NDS
NDS Group plc , a majority-owned subsidiary of News Corporation, supplies open end-to-end digital technology and services to digital pay-television operators and content providers. See http://www.nds.com/ for more information about NDS.
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
This document may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from these expectations due to changes in global economic, business, competitive market, regulatory and other factors. More detailed information about these and other factors that could affect future results is contained in our filings with the U.S. Securities and Exchange Commission. Any "forward-looking statements" included in this document are made only as of the date of this document and we do not have any obligation, nor do we undertake, to publicly update any "forward-looking statements" to reflect subsequent events or circumstances, except as required by law.
CONFERENCE CALL
Dr. Abe Peled, Chairman and Chief Executive Officer, and Mr. Alex Gersh, Chief Financial Officer, will host a conference call to discuss this announcement and answer questions at 9:00 a.m. New York time (2:00 p.m. London time) on Tuesday, August 5, 2008.
Dial-in
U.S. toll free: 1 866 832 0732
U.K. freephone: 0800 073 8968
International dial-in: +44 (0)1452 562 717
Replay (available for seven days)
U.S. toll free replay: 1 866 247 4222
U.K. freephone replay: 0800 953 1533
International replay: +44 (0)1452 550 000
Replay passcode: 53530189#
The live webcast and conference call will be available at: http://investor.shareholder.com/nds/webcasts.cfm starting at 9:00 a.m. New York time (2:00 p.m. London time) on Tuesday, August 5, 2008. Please register for the event now by clicking on the "Fourth Quarter Results 2008" link on that page. For those of you who are not able to attend this live broadcast online, the presentation will be recorded and available for viewing on the same page three hours following the original broadcast.
An audio replay will also be available on the NDS website (http://www.nds.com/) from approximately 7:00 a.m. New York time (12:00 noon London time) on August 6, 2008.
NDS Group plc
Consolidated Statements of Operations
(in thousands, except For the three months ended For the years ended
per share amounts) June 30, June 30,
2008 2007 2008 2007
Revenue:
Conditional access $98,905 $103,734 $463,409 $396,420
Integration, development
& support 18,175 17,768 56,062 56,201
License fees & royalties 31,123 32,427 119,803 107,349
New technologies 63,959 46,121 201,580 143,495
Other 4,861 1,827 9,294 6,027
Total Revenue 217,023 201,877 850,148 709,492
Cost of goods and
services sold (81,781) (74,558) (318,540) (268,484)
Gross margin 135,242 127,319 531,608 441,008
Operating expenses:
Research & development (53,152) (50,787) (198,898) (174,400)
Sales & marketing (12,474) (13,151) (48,850) (41,354)
General & administration (21,985) (17,579) (75,183) (53,551)
Amortization of intangibles (3,347) (3,218) (13,293) (11,347)
Total operating expenses (90,958) (84,735) (336,224) (280,652)
Operating income 44,284 42,584 195,384 160,356
Interest income, net 5,645 6,618 27,103 25,296
Other expenses (2,498) - (2,498) -
Income before income
tax expense 47,431 49,202 219,989 185,652
Income tax expense (10,292) (8,078) (59,894) (49,925)
Net income $37,139 $41,124 $160,095 $135,727
Net income per share:
Basic net income
per share $0.64 $0.71 $2.76 $2.37
Diluted net income
per share $0.63 $0.70 $2.72 $2.33
NDS Group plc
Consolidated Balance Sheets
As of June 30,
(in thousands, except share amounts) 2008 2007
ASSETS
Current Assets:
Cash and cash equivalents $734,992 $592,750
Accounts receivable, net 126,131 134,624
Accrued income 46,948 40,605
Inventories, net 79,659 54,133
Prepaid expenses 24,904 19,415
Other current assets 4,203 3,926
Total current assets 1,016,837 845,453
Property, plant and equipment, net 49,741 54,801
Goodwill 134,693 124,614
Other intangibles, net 55,806 63,080
Deferred tax assets 17,370 11,600
Other non-current assets 101,702 45,305
Total assets $1,376,149 $1,144,853
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
Accounts payable $33,611 $22,110
Deferred income 128,318 75,777
Accrued expenses 87,115 68,659
Income tax liabilities 24,513 17,693
Other current liabilities 20,673 18,287
Total current liabilities 294,230 202,526
Deferred income 79,100 157,517
Accrued expenses 67,713 42,883
Other non-current liabilities 4,701 3,654
Total liabilities 445,744 406,580
Commitments and Contingencies:
Shareholders' Equity:
Series A ordinary shares, par value $0.01 per
share (16,250,058 and 15,718,904 shares
outstanding as of June 30, 2008 and 2007,
respectively) 162 157
Series B ordinary shares, par value $0.01 per
share (42,001,000 shares outstanding as of June
30, 2008 and 2007) 420 420
Deferred shares, par value 1 pound sterling
per share (42,000,002 shares outstanding
as of June 30, 2008 and 2007) 64,103 64,103
Additional paid-in capital 590,663 563,388
Retained earnings 216,201 56,106
Other comprehensive income 58,856 54,099
Total shareholders' equity 930,405 738,273
Total liabilities and shareholders' equity $1,376,149 $1,144,853
NDS Group plc
Consolidated Statements of Cash Flows
For the years ended
June 30,
(in thousands) 2008 2007
Operating activities:
Net income $160,095 $135,727
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation 22,368 19,240
Amortization of other intangibles 13,293 11,347
Equity-based compensation 17,128 10,175
Other 654 795
Change in operating assets and
liabilities, net of acquisitions:
Inventories (25,526) (14,785)
Receivables and other assets (59,677) (51,407)
Deferred income (25,876) 51,504
Accounts payable and other liabilities 39,464 11,357
Net cash provided by operating activities 141,923 173,953
Investing activities:
Capital expenditure (16,823) (25,149)
Short-term investments (net) - 184,401
Business acquisitions, net of cash acquired (10,466) (83,215)
Net cash (used in) provided by investing
activities (27,289) 76,037
Financing activities:
Issuance of shares 10,030 17,922
Net increase in cash and cash equivalents 124,664 267,912
Cash and cash equivalents, beginning of period 592,750 320,636
Currency exchange movements 17,578 4,202
Cash and cash equivalents, end of period $734,992 $592,750
NDS Group plc
CONTACT: Investor Relations: Yael Fainaro, NDS Group plc, +44 20 8476 8287; or Kelly Fitzgerald, Breakaway Communications U.S., +1-212-616-6006
Web site: http://www.nds.com/
Advanced Semiconductor Engineering, Inc. Reports Unaudited Consolidated Financial Results for the Second-Quarter of 2008
TAIPEI, Taiwan, Aug. 5 /Xinhua-PRNewswire-FirstCall/ -- Advanced Semiconductor Engineering, Inc. (TAIEX: 2311; NYSE: ASX) ("We", "ASE", or the "Company"), the world's largest independent provider of IC packaging and testing services, today reported unaudited net revenues (Note 1) of NT$25,610 million for the second quarter of 2008 (2Q08), up 10% year-over-year and up 4% sequentially. Net income for the quarter totaled NT$2,412 million, down from NT$2,575 million in 2Q07 and up from NT$2,337 million in 1Q08. Diluted earnings per share for the quarter was NT$0.44 (or US$0.072 per ADS), compared to NT$0.48 for 2Q07 and NT$0.43 for 1Q08.
Note 1:
All financial information presented in this press release is unaudited, consolidated and prepared in accordance with accounting principles generally accepted in the Republic of China, or ROC GAAP. Such financial information is generated internally by us, and has not been subjected to the same review and scrutiny, including internal auditing procedures and review by our independent auditors, to which we subject our audited consolidated financial statements, and may vary materially from the audited consolidated financial information for the same period. Any evaluation of the financial information presented in this press release should also take into account our published audited consolidated financial statements and the notes to those statements. In addition, the financial information presented is not necessarily indicative of our results for any future period.
RESULTS OF OPERATIONS
2Q08 Results Highlights
-- Net revenue contribution from IC packaging operations (including module
assembly), testing operations, and substrates sold to third parties was
NT$20,033 million, NT$5,102 million and NT$475 million, respectively,
and each represented approximately 78%, 20% and 2% respectively, of
total net revenues for the quarter.
-- Cost of revenues was NT$19,098 million, up 13% year-over-year and up 3%
sequentially.
-- As a percentage of total net revenues, cost of revenues was 75% in
2Q08, up from 73% in 2Q07 and relatively unchanged compared to 1Q08.
-- Raw material cost totaled NT$7,695 million during the quarter,
representing 30% of total net revenues, compared with NT$7,301
million and 30% of net revenues in the previous quarter.
-- Depreciation, amortization and rental expenses totaled NT$3,972
million during the quarter, down 4% year-over-year and up 1%
sequentially.
-- Total operating expenses during 2Q08 were NT$2,928 million, including
NT$980 million in R&D and NT$1,948 million in SG&A. Compared with
operating expenses of NT$2,836 million in 1Q08, the sequential increase
was primarily attributable to bonuses paid to employees and
compensation to directors and supervisors of one of our subsidiaries in
2Q08. Total operating expenses as a percentage of net revenues for the
current quarter were 11%, relatively unchanged compared with 2Q07 and
1Q08.
-- Operating profit for the quarter totaled NT$3,584 million, up from
NT$3,352 million in the previous quarter. Operating margin was 14% in
2Q08 and remained unchanged compared with the previous quarter.
-- In terms of non-operating items:
-- Net interest expense was NT$268 million, down from NT$275 million a
quarter ago.
-- Net exchange gain of NT$294 million was primarily attributable to
exchange gains from the appreciation of the Renminbi against the U.S.
dollar.
-- Gain on long-term investment of NT$28 million was primarily
attributable to investment income of NT$32 million from USI and
investment loss of NT$3 million from Hung Ching Construction.
-- Other non-operating expenses of NT$76 million were primarily related
to loss from inventory provision adjustment and other miscellaneous
expenses. Together with other non-operating expenses, total non-
operating expenses for the quarter were NT$22 million, compared to
NT$292 million for 2Q07 and NT$69 million for 1Q08.
-- Income before tax was NT$3,562 million for 2Q08, compared with NT$3,283
million in the previous quarter. We recorded an income tax expense of
NT$779 million during the quarter, compared with an income tax expense
of NT$411 million in 1Q08. The sequential increase of the income tax
expense was primarily due to the undistributed earnings tax of one of
our subsidiaries in 2Q08. Minority interest was NT$371 million for
2Q08, down from NT$535 million in the previous quarter, primarily due
to the completion of the ASE Test privatization transaction at the end
of May.
-- In 2Q08, net income was NT$2,412 million, compared to net income of
NT$2,575 million for 2Q07 and NT$2,337 million for 1Q08.
-- Our total number of shares outstanding at the end of the quarter was
5,476,949,209, excluding treasury stock. Our diluted EPS for 2Q08 was
NT$0.44, or US$0.072 per ADS, based on 5,494,051,808 weighted average
number of shares outstanding in 2Q08.
LIQUIDITY AND CAPITAL RESOURCES
-- As of June 30, 2008, our cash and other financial assets totaled
NT$32,648 million, compared to NT$29,127 million on March 31, 2008.
-- Capital expenditures in 2Q08 totaled US$130 million, of which US$71
million was used for IC packaging, US$56 million was used for testing,
and US$3 million was used for interconnect materials.
-- As of June 30, 2008, we had total bank debts of NT$64,687 million,
compared to NT$38,794 million as of March 31, 2008. The increase in
our bank debt was mainly attributable to the financing of the ASE Test
privatization. Total bank debts consisted of NT$12,456 million of
revolving working capital loans, NT$6,162 million of the current
portion of long-term debts, NT$1,375 million of current portion of
bonds payable, NT$40,663 million of long-term debts and NT$4,031
million of long-term bonds payable. Total unused credit lines were
NT$69,692 million.
-- Current ratio as of June 30, 2008 was 1.24, compared to 1.57 as of
March 31, 2008. Net debt to equity ratio was 0.57 as of June 30, 2008.
-- Total number of employees was approximately 30,363 as of June 30, 2008.
Business Review
IC Packaging Services (Note 2)
-- Net revenues generated from our IC packaging operations were NT$20,033
million during the quarter, up by NT$2,004 million or 11% year-over-
year and up by NT$806 million or 4% sequentially. On a sequential
basis, the increase in packaging net revenue was primarily due to an
increase in sales volume.
-- Net revenues from advanced substrate and leadframe-based packaging
accounted for 84% of total IC packaging net revenues during the quarter,
which equaled the previous quarter.
-- Gross margin for our IC packaging operations was 21%, down by 3% year-
over-year and unchanged sequentially.
-- Capital expenditures for our IC packaging operations amounted to US$71
million during the quarter, of which US$61 million was used for
wirebonding packaging capacity, and US$10 million was used for wafer
bumping and flip chip packaging equipment.
-- As of June 30, 2008, there were 8,426 wirebonders in operation. 358
wirebonders were added, of which 119 wirebonders were obtained from the
acquisition of ASE Weihai Inc. and 58 wirebonders were disposed of
during the quarter.
-- Net revenues from flip chip packages and wafer bumping services
accounted for 10% of total packaging net revenues, up by 1 percentage
point from the previous quarter.
Note 2:
IC packaging services include module assembly services.
Testing Services
-- Net revenues generated from our testing operations were NT$5,102
million, up by NT$377 million or 8% year-over-year and up by NT$207
million or 4% sequentially.
-- Final testing contributed 77% to total testing net revenues, and stay
unchanged versus previous quarter. Wafer sort contributed 20% to total
testing net revenues, up by 1 percentage points from the previous
quarter. Engineering testing contributed 3% to total testing net
revenues, down by 1 percentage point from the previous quarter.
-- Depreciation, amortization and rental expense associated with our
testing operations amounted to NT$1,475 million, down from NT$1,574
million in 2Q07 and up from NT$1,455 million in 1Q08.
-- In 2Q08, gross margin for our testing operations was 38%, up by 3
percentage points year-over-year and up by 1 percentage point
sequentially.
-- Capital spending on our testing operations amounted to US$56 million
during the quarter.
-- As of June 30, 2008, there were 1,622 testers in operations. 130
testers were added, of which 52 testers were obtained from the
acquisition of ASE Weihai Inc. and 63 testers were disposed of during
the quarter.
Substrate Operations
-- PBGA substrate manufactured by ASE amounted to NT$2,161 million for the
quarter, up by NT$114 million or 6% from a year-ago quarter, and up by
NT$93 million or 5% from the previous quarter. Of the total output of
NT$2,161 million, NT$475 million was from sales to external customers.
-- Gross margin for substrate operations was 15% during the quarter, down
by 6 percentage points from a year ago quarter and unchanged from the
previous quarter.
-- In 2Q08, the Company's internal substrate manufacturing operations
supplied 58% (by value) of our total substrate requirements.
-- As of June 30, 2008, the Company's PBGA capacity was at 52 million
units per month.
Customers
-- Our five largest customers together accounted for approximately 28% of
our total net revenues in 2Q08, compared to 27% in 2Q07 and in 1Q08.
No single customer accounted for more than 10% of our total net
revenues.
-- Our top 10 customers contributed 46% of our total net revenues during
the quarter, compared to 44% in 2Q07 and 1Q08.
-- Our customers that are integrated device manufacturers, or IDMs,
accounted for 40% of our total net revenues during the quarter,
compared to 39% in 2Q07 and 42% in 1Q08.
About ASE, Inc.
ASE, Inc. is the world's largest independent provider of IC packaging services and, together with its subsidiary ASE Test Limited, the world's largest independent provider of IC testing services, including front-end engineering testing, wafer probing and final testing services. ASE, Inc.'s international customer base of more than 200 customers includes such leading names as ATI Technologies Inc., CSR plc, Freescale Semiconductor, Inc., MediaTek Inc., NEC Corporation, NVIDIA Corporation, NXP Semiconductors, Qualcomm Incorporated, RF Micro Devices Inc., STMicroelectronics N.V. and VIA Technologies, Inc. With advanced technological capabilities and a global presence spanning Taiwan, Korea, Japan, Singapore, Malaysia and the United States, ASE, Inc. has established a reputation for reliable, high quality products and services. For more information, visit our website at http://www.aseglobal.com/ .
Safe Harbor Notice
This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, including statements regarding our future results of operations and business prospects. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. We were not involved in the preparation of these projections. The words "anticipate", "believe", "estimate", "expect", "intend", "plan" and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release. Our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons, including risks associated with cyclicality and market conditions in the semiconductor industry; demand for the outsourced semiconductor packaging and testing services we offer and for such outsourced services generally; the highly competitive semiconductor industry; our ability to introduce new packaging, interconnect materials and testing technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the strained relationship between the ROC and the PRC; general economic and political conditions; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors. For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including our 2007 Annual Report on Form 20-F filed on June 30, 2008, as amended.
-- Tables to Follow --
Supplemental Financial Information
Consolidated Operations
Amounts in NT$ Millions 2Q/08 1Q/08 2Q/07
Net Revenues 25,610 24,695 23,362
Revenues by End Application
Communication 45% 45% 46%
Computer 24% 25% 22%
Automotive and Consumers 31% 30% 32%
Others 0% 0% 0%
Revenues by Region
North America 50% 50% 48%
Europe 9% 11% 12%
Taiwan 21% 23% 23%
Japan 9% 8% 9%
Other Asia 11% 8% 8%
IC Packaging Services
Amounts in NT$ Millions 2Q/08 1Q/08 2Q/07
Net Revenues 20,033 19,227 18,029
Revenues by Packaging Type
Advanced substrate &
leadframe based 84% 84% 85%
Traditional leadframe based 4% 4% 5%
Module assembly 4% 5% 6%
Others 8% 7% 4%
Capacity
CapEx (US$ Millions)* 71 78 49
Number of Wirebonders 8,426 8,126 7,040
Testing Services
Amounts in NT$ Millions 2Q/08 1Q/08 2Q/07
Net Revenues 5,102 4,895 4,724
Revenues by Testing Type
Final test 77% 77% 76%
Wafer sort 20% 19% 20%
Engineering test 3% 4% 4%
Capacity
CapEx (US$ Millions)* 56 44 20
Number of Testers 1,622 1,555 1,385
* Capital expenditure amounts exclude building construction costs.
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Income Statements Data
(In NT$ millions, except per share data)
(Unaudited)
For the three months ended For the period ended
Jun. 30 Mar. 31 Jun. 30 Jun. 30 Jun. 30
2008 2008 2007 2008 2007
Net revenues:
IC Packaging 20,033 19,227 18,029 39,260 34,312
Testing 5,102 4,895 4,724 9,997 9,049
Others 475 573 609 1,048 1,094
Total net revenues 25,610 24,695 23,362 50,305 44,455
Cost of revenues 19,098 18,507 16,958 37,605 33,055
Gross profit 6,512 6,188 6,404 12,700 11,400
Operating expenses:
Research and
development 980 1,096 720 2,076 1,409
Selling, general and
administrative 1,948 1,740 1,795 3,688 3,332
Total operating
expenses 2,928 2,836 2,515 5,764 4,741
Operating income 3,584 3,352 3,889 6,936 6,659
Net non-operating
(income) expenses:
Interest expenses --
net 268 275 306 543 659
Foreign exchange gain (294) (301) (147) (595) (165)
Gain on long-term
investment (28) (104) (65) (133) (141)
Others 76 199 198 276 439
Total non-operating
expenses 22 69 292 91 792
Income before tax 3,562 3,283 3,597 6,845 5,867
Income tax expense 779 411 866 1,191 1,185
Income from continuing
operations and before
minor interest 2,783 2,872 2,731 5,654 4,682
Minority interest 371 535 156 906 446
Net income 2,412 2,337 2,575 4,748 4,236
Per share data:
Earnings (loss) per
share
--Basic NT$0.46 NT$0.44 NT$0.50 NT$0.90 NT$0.82
--Diluted NT$0.44 NT$0.43 NT$0.48 NT$0.86 NT$0.79
Earnings (loss) per
equivalent ADS
--Basic US$0.075 US$0.070 US$0.075 US$0.146 US$0.125
--Diluted US$0.072 US$0.067 US$0.073 US$0.138 US$0.120
Number of weighted
average shares used
in diluted EPS
calculation
(in thousands) 5,494,052 5,460,822 5,433,905 5,479,984 5,463,437
Exchange rate
(NT$ per US$1) 30.36 31.74 33.11 31.05 32.94
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Balance Sheet Data
(In NT$ millions)
(Unaudited)
As of Jun. 30, As of Mar. 31,
2008 2008
Current assets:
Cash and cash equivalents 23,305 16,589
Financial assets -- current 9,343 12,538
Notes and accounts receivable 17,633 16,994
Inventories 5,598 5,439
Others 3,232 4,312
Total current assets 59,111 55,872
Financial assets -- non current 4,568 4,818
Properties -- net 83,209 81,297
Others 17,432 9,118
Total assets 164,320 151,105
Current liabilities:
Short-term debts -- revolving credit 12,456 10,573
Short-term debts -- current portion of
long-term debts 6,162 6,060
Short-term debts -- current portion of
bonds payable 1,375 1,375
Notes and accounts payable 8,339 7,762
Others 19,492 9,785
Total current liabilities 47,824 35,555
Long-term debts 40,663 16,602
Long-term bonds payable 4,031 4,184
Other liabilities 2,808 2,949
Total liabilities 95,326 59,290
Minority interest 2,980 14,958
Shareholders' equity 66,014 76,857
Total liabilities & shareholders' equity 164,320 151,105
Current Ratio 1.24 1.57
Net Debt to Equity 0.57 0.11
Contact:
ASE, Inc.
Joseph Tung, CFO or Vice President
Freddie Liu, Vice President
Allen Kan, Manager
Tel: +886-2-8780-5489
Fax: +886-2-2757-6121
Email: ir@aseglobal.com
Website: http://www.aseglobal.com/
US contact:
Clare Lin, Director
Tel: +1-408-986-6524
Email: clare.lin@aseus.com
Advanced Semiconductor Engineering, Inc.
CONTACT: Joseph Tung, CFO and Vice President, or Freddie Liu, Vice President, or Allen Kan, Manager, +886-2-8780-5489, or fax, +886-2-2757-6121, ir@aseglobal.com, all of ASE, Inc.; or US contact, Clare Lin, Director, +1-408-986-6524, clare.lin@aseus.com
Web site: http://www.aseglobal.com/
Leading Analyst Firm Rates Verizon Business as 'Strong Positive' in Asia-Pacific Managed Security Services MarketScope ReportAssessment Based on Customer Ratings, Regional Presence and Investment in Innovation
SYDNEY, Australia, Aug. 5 /PRNewswire/ -- Verizon Business received a "Strong Positive" rating from Gartner, Inc. in its inaugural "MarketScope for Managed Security Services in the Asia Pacific Region" report.(1)
To be rated Strong Positive, companies must demonstrate their continued investments in innovation and facilities in multiple countries in the Asia-Pacific region. This is in addition to receiving either a "Good" or "Excellent" rating from participants of the research -- all of whom are customers of managed security services providers.
According to the report, the managed security services market is maturing rapidly in more prosperous Asia-Pacific countries. Coupled with users' heightened awareness of security risk management and regulatory concerns, the region is seeing steady growth in demand. Gartner is forecasting a 12 percent compounded annual growth rate for Asia Pacific managed security services from 2006 to 2011, with market forecast for 2008 at US$219 million.(2)
"This recognition underscores Verizon Business' dedication to delivering world-class managed network services in Asia Pacific and around the globe," said John Karabin, vice president, security solutions, Asia Pacific, Verizon Business. "The nature of today's extended enterprise environment brings with it unprecedented security challenges that continue to evolve in sophistication and potential impact. Securing the extended enterprise, and the flow of data within and outside of its perimeter, is probably today's most critical business challenge. How well businesses manage to achieve this goal will determine their future success."
About Verizon Business
Verizon Business, a unit of Verizon Communications , operates the world's most connected public IP network and uses its industry-leading global-network capabilities to offer large-business and government customers an unmatched combination of security, reliability and speed. The company integrates advanced IP communications and information technology (IT) products and services to deliver leading enterprise solutions including managed services, security, mobility, collaboration and professional services. These solutions power innovation and enable the company's customers to do business better.
Verizon Business manages 260,000-plus devices on more than 4,000 customer networks in 142 countries and territories, including overseeing non-Verizon connections from more than 60 network providers globally. The service-level commitments for its managed network services underscore Verizon Business' legacy of service and innovation. The company also offers a suite of professional network and security services to help customers successfully deploy and manage their IP networks. These services range from network assessment and design consulting to project management and capacity planning.
For more information, visit http://www.verizonbusiness.com/.
MarketScope Disclaimer:
The MarketScope is copyrighted 20 June 2008 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
(1) Gartner, Inc. "MarketScope for Managed Security Services in the Asia/Pacific Region"; 20 June 2008; Authors Andrew Walls, Kelly M Kavanagh
(2) Gartner, Inc. "Forecast: IT Security Services, Worldwide, 2006-2011"; 10 April 2008; Authors Ruggero Contu, Kelly M Kavanagh, Robert De Souza, Andrew Walls, Carsten Casper
Verizon Business
CONTACT: Janet Brumfield, +1-614-723-1060, Janet.brumfield@verizon.com, or Junaidah Dahlan, +65-6248-6827, junaidah.dahlan@sg.verizonbusiness.com, both for Verizon Business
Web site: http://www.verizonbusiness.com/
Company News On-Call: http://www.prnewswire.com/comp/618232.html
EMC Introduces New EMC CLARiiON CX4 Series With Next Generation ArchitectureRedesigned CLARiiON Family is Industry's Most Advanced Midrange Storage System
HOPKINTON, Mass., Aug. 5 /PRNewswire/ -- EMC Corporation, the world leader in information infrastructure solutions, today unveiled the new EMC(R) CLARiiON(R) CX4 Series of midrange storage systems. With a new architecture specifically optimized for VMware and other virtual server environments and designed to incorporate the latest technologies in drives, connectivity, processing power, thin provisioning and security, EMC is making it easier than ever to cost-effectively consolidate and manage information using the least amount of energy.
Click here for the multimedia press release: http://www.emc.com/about/news/press/2008/20080805-01.htm
The CLARiiON CX4 Series is the latest generation of the market-leading CLARiiON family of networked storage systems, with more than 300,000 systems installed and a midrange storage leading benchmark of "Five 9's" of availability - 99.999 percent uptime. With data growing at nearly 60 percent annually and information technology managers facing increased energy costs and tighter budgets, the new CLARiiON CX4 Series has a multitude of new features built-in that are ideal for virtual server environments - including VMware infrastructure - use less energy, improve storage utilization, performance and management and protect the overall storage investment. These include:
-- Up to twice the performance, twice the capacity, twice the memory and twice the number of LUNs (logical unit numbers) of previous generations, enabling support of multiple application tiers on a single CLARiiON CX4 array. This is the result of a new 64 bit EMC CLARiiON FLARE(R) storage operating environment utilizing multi-core Intel processors that improve performance and double system scalability (up to 960 drives) for improved consolidation.
-- The ability to support dual-protocol Fibre Channel and iSCSI storage area network (SAN) connections with online expansion, a unique feature in the market. EMC's new UltraFlex(TM) technology also enables the CLARiiON CX4 Series to easily and non-disruptively incorporate future connectivity technologies such as 8Gb/s Fibre Channel, 10Gb/s iSCSI and FCoE (Fibre Channel over Ethernet). In addition, the CLARiiON CX4 Series with UltraFlex helps extend the flexibility of VMware environments by now enabling the dynamic addition of I/O ports - along with storage capacity and performance - to the virtual infrastructure.
-- Being the first midrange storage array in the market to support state- of-the-art solid state disks (SSDs), which are more than 30 times faster than traditional drives, deliver sub-millisecond response times and are 98 percent more energy efficient on an IOPs (Input/Output operations Per Second) basis. The addition of flash drives to the CLARiiON CX4 Series provides the highest levels of performance for "tier 0" storage requirements. Earlier this year, EMC became the first enterprise storage vendor to incorporate SSDs into its core portfolio with the introduction of flash technology in its high-end Symmetrix(R) DMX Series.
-- Virtual (thin) provisioning capabilities that increase system utilization and simplify the provisioning of storage by allowing administrators to present an application with more capacity than is physically allocated. With new CLARiiON Virtual Provisioning, capacity can be quickly and easily allocated for physical, VMware and other virtual servers while monitoring features and automated alerts allow storage pools to be expanded online. EMC first introduced its virtual provisioning capabilities on the EMC Celerra(R) family of IP (internet protocol) storage systems.
-- Built-in disk spin down capabilities that will automatically place inactive drives in sleep mode and activate on demand to save energy. This policy-based feature - which EMC first offered in its EMC Disk Library virtual tape systems - is designed for applications that have regular spans of time with little or no activity.
-- An adaptive cooling design and support for new low power one terabyte SATA disk drives that maximize energy efficiency. With this new design, the amount of energy used to cool the system can be significantly reduced as cooling fans vary speeds as needed to maintain the proper temperature. The new low power drives, which spin at a slower RPM, use 32 percent less energy per terabyte than traditional SATA drives.
-- Integration with VMware Site Recovery Manager to form a simple, turnkey solution for VMware disaster recovery. In addition, the CLARiiON CX4 Series features new integrated continuous local and remote replication (CLR) features for EMC RecoverPoint/SE software that simplify deployment in both Fibre Channel and iSCSI environments and optimize bandwidth.
-- Integration with the RSA enVision(R) platform to provide a comprehensive, automated approach for the management of event data, maximize an organization's security posture and simplify compliance. The CLARiiON CX4 Series is also integrated with EMC PowerPath(R) path management software with encryption and key management technology from RSA, which can encrypt and decrypt data at the host as it is sent to and from the array.
Forsyth County, which encompasses the Winston-Salem area of North Carolina, beta tested and is implementing an EMC CLARiiON CX4 storage system as part of a virtualized information infrastructure that provides services to more than 330,000 citizens.
Rob Robinson, CIO, Forsyth County, said, "The residents of eight cities and towns in the county count on us to make a wide range of information available 7x24, and we needed an affordable storage system that could grow with us while providing the highest levels of availability, performance and energy efficiency. The CLARiiON CX4 system brought together all of the features we were looking for into a single system that will support our VMware environment serving more than 24 departments and agencies using a range of applications."
Robinson added, "Setting the new CLARiiON CX4 system up and managing it was simple, and we immediately saw the faster performance, which is especially critical for online human services and public safety applications. In addition, we're protecting the taxpayer's investment because our CLARiiON CX4 can be easily upgraded to support future technologies that will enable our IT organization to continue to offer leading information services to the citizens of our communities."
Mark Peters, an analyst with Enterprise Strategy Group, said, "With this new CLARiiON, EMC is continuing to press hard to address some of the most crucial cost and management challenges faced by storage and IT managers. To achieve that, the CLARiiON CX4 has technical advances on so many fronts simultaneously that it's hard to find much that is missing. The CLARiiON CX4's new design and built-in features, including flash drives, are delivered in a highly modular system that can be customized for midrange users' precise needs. As an incumbent market leader, EMC faces a bar that continually gets set higher, yet the CLARiiON CX4 seems to have cleared the latest height. Overall this is an extremely well thought-out package from EMC."
The CLARiiON CX4 Series is comprised of four models, which are supported by all CLARiiON management and replication software including EMC Navisphere(R) Management Suite, EMC MirrorView(TM), EMC SnapView(TM), EMC SAN Copy(TM) and other software. The new models include:
-- CLARiiON CX4-120, which features up to 120 disk drives for a total capacity of 120 TB (terabytes), 6 GB (gigabytes) of system memory and up to 12 Fibre Channel and/or 8 iSCSI ports.
-- CLARiiON CX4-240, which features up to 240 disk drives for a total capacity of 231 TB, 8 GB of system memory and up to 12 Fibre Channel and/or 12 iSCSI ports.
-- CLARiiON CX4-480, which features up to 480 disk drives including SSDs for a total capacity of 471 TB, 16 GB of system memory and up to 16 Fibre Channel and/or 12 iSCSI ports.
-- CLARiiON CX4-960, which features up to 960 disk drives including SSDs for a total capacity of 951 TB, 32 GB of system memory and up to 24 Fibre Channel and/or 16 iSCSI ports.
David Donatelli, President of the EMC Storage Division, said, "EMC is continuing to use its significant resources and talent to incorporate the innovative features that our customers require into a single, scalable and easy-to-use midrange platform. We are again pioneering the use of flash drives, this time in midrange storage, and have designed these systems to take full advantage of server virtualization technology. The CLARiiON CX4 Series is unmatched in the industry when it comes to scalability, features, energy efficiency and ease of use. With this next generation of systems, we've extended our technology leadership and have widened the competitive gap even further."
Availability
The CLARiiON CX4 Series is generally available worldwide from EMC, its Velocity(2) Program Partners and Velocity(2) Authorized Services Network (ASN) Partners. It is also being offered by Dell under the Dell/EMC brand and Fujitsu Siemens Computers under the FibreCat brand. Flash drive and virtual provisioning capabilities will be available in October 2008. Drive spin-down is available for EMC Disk Library today; additional general-purpose applications will be supported as they are qualified into 2009.
About EMC
EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at http://www.emc.com/.
What Partners are Saying About the CLARiiON CX4 Series
"Arrow ECS is pleased to offer the CLARiiON CX4 systems to our partners as a solution for integrating VMware environments with storage systems. The CLARiiON CX4 will enable our partners to solve their customers' data consolidation challenges and security issues, all with one system," said Sean Kerins, vice president of the Storage Group for Arrow Enterprise Computing Solutions, a business segment of Arrow Electronics Inc.
"No matter what their size, no business or organization can afford to lose information. The new EMC CLARiiON CX4 system provides partners with solutions that are both highly available and offer a range of data protection features that can be easily deployed and managed. This flexibility allows partners to build better solutions for their clients and ultimately provides them with a high degree of confidence in their infrastructure, ensuring their information will be there when they need it," said Shaun Shuler, EMC sales director, Avnet Technology Solutions.
"At CDW, we put a lot of time and energy into developing solutions that help customers get the most value at the lowest possible cost. The EMC CLARiiON CX4 Series, with its ability to tier applications within an array, consolidate multiple systems into one and virtually provision storage, gives us tremendous flexibility in this area and is a key component of our overall solutions. These systems are also ready for future networking technologies, which makes them ideal for our customers who want to make sure their investment is protected," said James Rankin, Senior Technology Consultant, CDW.
"Energy efficient solutions have emerged as a new point of value for our channel partners and are becoming an industry standard for IT manufacturers, especially those targeting the mid-market and enterprise. As one of the primary distributors for the EMC CLARiiON CX4 Series, we are providing our solution provider partners access to an impressive line of energy-smart solutions that work to reduce power consumption without compromising scalability, performance and availability," said Scott Look, vice president of Ingram Micro's Infrastructure Technology Solutions Division, North America.
"Unisys specializes in solutions for a real-time infrastructure that enables clients to respond immediately to dynamic changes in their business. The EMC CLARiiON CX4 provides exceptional flexibility for storage in that environment. It easily accommodates future technology by adding or upgrading I/O modules. Plus, its capability to mix and match Fibre Channel and iSCSI makes it unusually easy to expand the system online as a client's business requirements change." said Chris Gale Data Management Marketing Director, Unisys.
EMC, CLARiiON, Symmetrix, FLARE, Navisphere, RSA, envision and PowerPath are registered trademarks and MirrorView, SnapView, Celerra, SAN Copy and UltraFlex are trademarks of EMC Corporation. VMware is a registered trademark of VMware, Inc. All other trademarks are the property of their respective owners.
This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) risks associated with acquisitions and investments, including the challenges and costs of integration, restructuring and achieving anticipated synergies; (iv) competitive factors, including but not limited to pricing pressures and new product introductions; (v) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (vi) component and product quality and availability; (vii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii) insufficient, excess or obsolete inventory; (ix) war or acts of terrorism; (x) the ability to attract and retain highly qualified employees; (xi) fluctuating currency exchange rates; and (xii) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.
EMC Corporation
CONTACT: Rick Lacroix, EMC Corporation, +1-508-293-7261, lacroix_rick@emc.com
Web site: http://www.emc.com/ http://www.emc.com/about/news/press/2008/20080805-01.htm http://www.emc.com/microsites/cx4/index.htm http://www.emc.com/products/series/cx4-series.htm http://www.emc.com/collateral/hardware/data-sheet/h5521-clariion-cx4- virtual-ds.pdf http://www.emc.com/collateral/analyst-reports/esg-strategy-cx4.pdf
Expedia and Jumeirah Group Sign Global Partnership AgreementDeal marks first for Jumeirah Group with an online travel company
BELLEVUE, Wash. and DUBAI, United Arab Emirates, Aug. 5
/PRNewswire-FirstCall/ -- Expedia, Inc. , the world's leading online travel company, today announced it has signed a long term global agreement with Dubai-based Jumeirah Group, the dynamic, luxury hospitality management company. Under the agreement, Jumeirah hotels will be available on all Expedia(R) -- and hotels.com(R) -- branded points of sale globally.
"We have ambitious expansion plans to grow our global portfolio of luxury hotels and resorts with new projects underway in Dubai, Abu Dhabi, Aqaba, Doha, Phuket, Shanghai, Mallorca, London, Argentina and elsewhere around the world," said Apo Demirtas, chief sales and marketing officer, Jumeirah Group. "Expedia is an ideal partner to help us reach millions of travelers worldwide and enhance our global distribution strategy."
The agreement provides Jumeirah Group access to Expedia's global marketplace, as well as its online travel marketing and distribution expertise, and targeted merchandising opportunities to reach travelers throughout Europe, Asia and North America.
"This partnership is strategic to both Jumeirah and Expedia, as we continue to expand our global footprints, respectively," said Murad Hajeebhoy, vice president of market management, Expedia EMEA. "Jumeirah and Expedia share a commitment to delivering travelers excellent service, and we're pleased to help Jumeirah meet its overall business objectives."
Jumeirah hotels will access Expedia's global online travel marketplace through Expedia(R)Connect, Expedia's industry leading direct connection solution for chain hotels. In turn, Expedia customers can book accommodation at Jumeirah Group's luxurious hotels and resorts worldwide, including the well-known Jumeirah Essex House in New York, and the world's most luxurious hotel Burj Al Arab in Dubai.
About Expedia, Inc.
Expedia, Inc. is the world's leading online travel company, empowering business and leisure travelers with the tools and information they need to easily research, plan, book and experience travel. Expedia, Inc. also provides in-destination concierge service and activity desks for travelers. The Expedia, Inc. portfolio of brands includes: Expedia.com(R), hotels.com(R), Hotwire(R), Egencia(TM) (formerly Expedia Corporate Travel), TripAdvisor(R), Expedia Local Expert(TM), Classic Vacations(R) and eLong(TM). Expedia, Inc.'s companies operate more than 60 global points of sale in more than 40 countries, with sites in North America, South America, Latin America, Europe, Middle East, Africa and Asia Pacific. Expedia, Inc. is a component of the S&P 500 index. For more information, visit http://www.expediainc.com/ .
About Expedia(R) Partner Services Group
Expedia(R) Partner Services Group (PSG) is the central point of contact for travel suppliers to access the global Expedia marketplace of leading travel brands comprising more than 50 points of sale worldwide. With hundreds of employees in local markets throughout the world, Expedia(R) PSG makes it easy for suppliers to meet their global distribution objectives, and delivers a portfolio of innovative connectivity solutions, rate and inventory management tools, business intelligence reports, and online marketing expertise.
About Jumeirah Group
Jumeirah properties are regarded as among the most luxurious and innovative in the world and have won numerous international travel and tourism awards. The fast growing Dubai based luxury international hospitality management group encompasses the world renowned Burj Al Arab, the world's most luxurious hotel, the multi-award winning Jumeirah Beach Hotel, Jumeirah Emirates Towers, Madinat Jumeirah and Jumeirah Bab Al Shams Desert Resort & Spa in Dubai, the Jumeirah Carlton Tower and Jumeirah Lowndes Hotel in London and the Jumeirah Essex House on Central Park South in New York.
Building on this success, Jumeirah Group became a member of Dubai Holding in 2004, a collection of leading Dubai based businesses and projects, in a step that aims to initiate a new phase of growth and development for the group.
Expedia, Expedia.com, Expedia Corporate Travel and Egencia are either registered trademarks or trademarks of Expedia, Inc. in the U.S. and/or other countries. Other logos or product and company names mentioned herein may be the property of their respective owners.
(C) 2008 Expedia, Inc. All rights reserved. CST: 2029030-40
Expedia, Inc.
CONTACT: Katie Deines of Expedia, Inc., +1-425-679-4317, press@expedia.com
Web site: http://www.expediainc.com/
Leading Analyst Firm Rates Verizon Business as 'Strong Positive' in Asia-Pacific Managed Security Services MarketScope Report
SYDNEY, Australia, August 5 /PRNewswire/ --
- Assessment Based on Customer Ratings, Regional Presence and Investment
in Innovation
Verizon Business received a "Strong Positive" rating from Gartner, Inc.
in its inaugural "MarketScope for Managed Security Services in the Asia
Pacific Region" report.(1)
To be rated Strong Positive, companies must demonstrate their continued
investments in innovation and facilities in multiple countries in the
Asia-Pacific region. This is in addition to receiving either a "Good" or
"Excellent" rating from participants of the research -- all of whom are
customers of managed security services providers.
According to the report, the managed security services market is maturing
rapidly in more prosperous Asia-Pacific countries. Coupled with users'
heightened awareness of security risk management and regulatory concerns, the
region is seeing steady growth in demand. Gartner is forecasting a 12 percent
compounded annual growth rate for Asia Pacific managed security services from
2006 to 2011, with market forecast for 2008 at US$219 million.(2)
"This recognition underscores Verizon Business' dedication to delivering
world-class managed network services in Asia Pacific and around the globe,"
said John Karabin, vice president, security solutions, Asia Pacific, Verizon
Business. "The nature of today's extended enterprise environment brings with
it unprecedented security challenges that continue to evolve in
sophistication and potential impact. Securing the extended enterprise, and
the flow of data within and outside of its perimeter, is probably today's
most critical business challenge. How well businesses manage to achieve this
goal will determine their future success."
About Verizon Business
Verizon Business, a unit of Verizon Communications (NYSE: VZ), operates
the world's most connected public IP network and uses its industry-leading
global-network capabilities to offer large-business and government customers
an unmatched combination of security, reliability and speed. The company
integrates advanced IP communications and information technology (IT)
products and services to deliver leading enterprise solutions including
managed services, security, mobility, collaboration and professional
services. These solutions power innovation and enable the company's customers
to do business better.
Verizon Business manages 260,000-plus devices on more than 4,000 customer
networks in 142 countries and territories, including overseeing non-Verizon
connections from more than 60 network providers globally. The service-level
commitments for its managed network services underscore Verizon Business'
legacy of service and innovation. The company also offers a suite of
professional network and security services to help customers successfully
deploy and manage their IP networks. These services range from network
assessment and design consulting to project management and capacity planning.
For more information, visit www.verizonbusiness.com.
MarketScope Disclaimer:
The MarketScope is copyrighted 20 June 2008 by Gartner, Inc. and is
reused with permission. The MarketScope is an evaluation of a marketplace at
and for a specific time period. It depicts Gartner's analysis of how certain
vendors measure against criteria for that marketplace, as defined by Gartner.
Gartner does not endorse any vendor, product or service depicted in the
MarketScope, and does not advise technology users to select only those
vendors with the highest rating. Gartner disclaims all warranties, express or
implied, with respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
(1) Gartner, Inc. "MarketScope for Managed Security Services in the
Asia/Pacific Region"; 20 June 2008; Authors Andrew Walls, Kelly M Kavanagh
(2) Gartner, Inc. "Forecast: IT Security Services, Worldwide, 2006-2011";
10 April 2008; Authors Ruggero Contu, Kelly M Kavanagh, Robert De Souza,
Andrew Walls, Carsten Casper
Web site: http://www.verizonbusiness.com
Verizon Business
Junaidah Dahlan, +65-6248-6827, junaidah.dahlan@sg.verizonbusiness.com, for Verizon Business ; Company News On-Call: http://www.prnewswire.com/comp/618232.html
Expedia and Jumeirah Group Sign Global Partnership Agreement
BELLEVUE, Washington and DUBAI, United Arab Emirates, August 5 /PRNewswire/ --
- Deal marks first for Jumeirah Group with an online travel company
Expedia, Inc. (Nasdaq: EXPE), the world's leading online travel company,
today announced it has signed a long term global agreement with Dubai-based
Jumeirah Group, the dynamic, luxury hospitality management company. Under the
agreement, Jumeirah hotels will be available on all Expedia(R) -- and
hotels.com(R) -- branded points of sale globally.
"We have ambitious expansion plans to grow our global portfolio of luxury
hotels and resorts with new projects underway in Dubai, Abu Dhabi, Aqaba,
Doha, Phuket, Shanghai, Mallorca, London, Argentina and elsewhere around the
world," said Apo Demirtas, chief sales and marketing officer, Jumeirah Group.
"Expedia is an ideal partner to help us reach millions of travelers worldwide
and enhance our global distribution strategy."
The agreement provides Jumeirah Group access to Expedia's global
marketplace, as well as its online travel marketing and distribution
expertise, and targeted merchandising opportunities to reach travelers
throughout Europe, Asia and North America.
"This partnership is strategic to both Jumeirah and Expedia, as we
continue to expand our global footprints, respectively," said Murad
Hajeebhoy, vice president of market management, Expedia EMEA. "Jumeirah and
Expedia share a commitment to delivering travelers excellent service, and
we're pleased to help Jumeirah meet its overall business objectives."
Jumeirah hotels will access Expedia's global online travel marketplace
through Expedia(R)Connect, Expedia's industry leading direct connection
solution for chain hotels. In turn, Expedia customers can book accommodation
at Jumeirah Group's luxurious hotels and resorts worldwide, including the
well-known Jumeirah Essex House in New York, and the world's most luxurious
hotel Burj Al Arab in Dubai.
About Expedia, Inc.
Expedia, Inc. is the world's leading online travel company, empowering
business and leisure travelers with the tools and information they need to
easily research, plan, book and experience travel. Expedia, Inc. also
provides in-destination concierge service and activity desks for travelers.
The Expedia, Inc. portfolio of brands includes: Expedia.com(R),
hotels.com(R), Hotwire(R), Egencia(TM) (formerly Expedia Corporate Travel),
TripAdvisor(R), Expedia Local Expert(TM), Classic Vacations(R) and eLong(TM).
Expedia, Inc.'s companies operate more than 60 global points of sale in more
than 40 countries, with sites in North America, South America, Latin America,
Europe, Middle East, Africa and Asia Pacific. Expedia, Inc. is a component of
the S&P 500 index. For more information, visit http://www.expediainc.com
(NASDAQ: EXPE).
About Expedia(R) Partner Services Group
Expedia(R) Partner Services Group (PSG) is the central point of contact
for travel suppliers to access the global Expedia marketplace of leading
travel brands comprising more than 50 points of sale worldwide. With hundreds
of employees in local markets throughout the world, Expedia(R) PSG makes it
easy for suppliers to meet their global distribution objectives, and delivers
a portfolio of innovative connectivity solutions, rate and inventory
management tools, business intelligence reports, and online marketing
expertise.
About Jumeirah Group
Jumeirah properties are regarded as among the most luxurious and
innovative in the world and have won numerous international travel and
tourism awards. The fast growing Dubai based luxury international hospitality
management group encompasses the world renowned Burj Al Arab, the world's
most luxurious hotel, the multi-award winning Jumeirah Beach Hotel, Jumeirah
Emirates Towers, Madinat Jumeirah and Jumeirah Bab Al Shams Desert Resort &
Spa in Dubai, the Jumeirah Carlton Tower and Jumeirah Lowndes Hotel in London
and the Jumeirah Essex House on Central Park South in New York.
Building on this success, Jumeirah Group became a member of Dubai Holding
in 2004, a collection of leading Dubai based businesses and projects, in a
step that aims to initiate a new phase of growth and development for the
group.
Expedia, Expedia.com, Expedia Corporate Travel and Egencia are either
registered trademarks or trademarks of Expedia, Inc. in the U.S. and/or other
countries. Other logos or product and company names mentioned herein may be
the property of their respective owners.
(C) 2008 Expedia, Inc. All rights reserved. CST: 2029030-40
Web site: http://www.expediainc.com
Expedia, Inc.
Katie Deines of Expedia, Inc., +1-425-679-4317, press@expedia.com
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