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Companies news of 2008-08-19 (page 4)

  • GigaMedia Appoints New CFO
  • General Dynamics to Acquire Jet Aviation for $2.25 BillionTransaction will create a large,...
  • Linktone to Announce Second Quarter 2008 Financial Results on August 28
  • Hutchison Telecom Delivers Strong Underlying Performance in the First Six Months of 2008
  • Radware's AppDirector Wins 2008 Network Products Guide Reader Trust Award for Best in...
  • Nokia Lightens Your LoadLonely Planet Content now Available on Nokia Maps
  • Sierra Wireless USB Modem to be introduced to Switzerland by SwisscomThe Compass 885 USB...
  • Cellcom Israel Announces Results of Annual General Meeting of Shareholders
  • EMCORE Corporation Announces Appointment of Chief Financial Officer
  • SkillSoft Schedules Fiscal 2009 Second Quarter Conference Call



    GigaMedia Appoints New CFO

    HONG KONG, Aug. 19 /Xinhua-PRNewswire-FirstCall/ -- GigaMedia Limited today announced the appointment of Mr. Quincy Tang as the company's new Chief Financial Officer.

    Mr. Tang joins GigaMedia from Nasdaq-listed technology leader Vimicro International Corporation where he was Chief Financial Officer.

    Mr. Tang brings over 20 years of financial and managerial experience to GigaMedia, having served in a number of leadership positions for Internet, media, technology and public accounting firms, including five years as Finance Director for Hong Kong-listed Internet and media company TOM Group and seven years as an auditor at Deloitte Touche Tohmatsu.

    "We are delighted to have attracted a candidate with Quincy's background and level of expertise," stated GigaMedia Limited President Thomas Hui. "With a wealth of knowledge in media, technology, financial analysis and public company compliance, he is exceptionally well qualified to lead GigaMedia."

    "I am thrilled to join GigaMedia - an exciting company with a solid management team and unique business model," stated Quincy Tang. "GigaMedia has terrific opportunities to continue growing through expansion and integration of its entertainment platforms, and I look forward to making contributions that will be accretive to shareholders."

    The appointment is effective immediately. Mr. Tang succeeds Thomas Hui who has served as interim CFO since his promotion to President and Chief Operating Officer of GigaMedia Limited in August 2007.

    Mr. Tang graduated from Hong Kong Polytechnic University with a professional diploma in accountancy and is a fellow member of the Hong Kong Institute of Certified Public Accountants, the Association of Chartered Certified Accountants in the United Kingdom and an associate member of the Hong Kong Institute of Chartered Secretaries.

    About GigaMedia

    GigaMedia Limited (Singapore registration number: 199905474H) is a major provider of online entertainment software and services. GigaMedia develops and licenses software for online gaming. GigaMedia also operates online games businesses including FunTown, a leading Asian casual games operator and the world's largest online MahJong game site in terms of revenue, and T2CN, a leading online sports game operator in China. More information on GigaMedia can be obtained from http://www.gigamedia.com.tw/ .

    The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking statements are based on the company's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia's Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in June 2008.

    For further information contact: Brad Miller Investor Relations Director Tel: +886-2-2656-8016 Email: brad.miller@gigamedia.com.tw

    GigaMedia Limited

    CONTACT: Brad Miller, +886-2-2656-8016, brad.miller@gigamedia.com.tw

    Web site: http://www.gigamedia.com.tw/




    General Dynamics to Acquire Jet Aviation for $2.25 BillionTransaction will create a large, worldwide business-jet support network and expand General Dynamics' Aerospace operations into global flight-support services; current Jet Aviation management to remain in place.

    FALLS CHURCH, Va., Aug. 19 /PRNewswire-FirstCall/ -- General Dynamics and Dreamliner Lux S.a.r.l., a company controlled by the Permira Funds, have entered into a definitive agreement for General Dynamics to acquire Zurich, Switzerland-based Jet Aviation for CHF 2.45 billion (approximately $2.25 billion) in cash.

    The proposed acquisition, which has been approved by the boards of directors of both companies, would be immediately accretive to General Dynamics' earnings. The transaction is subject to normal regulatory approvals, and is expected to close by the end of 2008.

    Jet Aviation, with its worldwide headquarters in Zurich, was founded in Switzerland in 1967 and is one of the world's leading business-aviation services companies. Close to 5,600 employees cater to clients' needs from 25 airport facilities throughout Europe, the Middle East, Asia and North and South America. Services provided include maintenance, repair and overhaul; completions and refurbishments; engineering; fixed base operations (FBO); along with aircraft management, flight support and global executive-jet charter services; aircraft sales and acquisitions and personnel services. In the past three years, under the control of the Permira Funds, Jet Aviation has developed from a family owned business to a global leader in business aviation services.

    Following completion of the acquisition, Jet Aviation will continue serving the entire aircraft manufacturing community and its global client base as a new business unit within the General Dynamics Aerospace group operating under the Jet Aviation and Midcoast Aviation brands.

    "We are delighted to be acquiring Jet Aviation and partnering with the current management team to continue its success. Under the Permira Funds' ownership, Jet Aviation has become a global market leader in business-aviation services; as a unit of General Dynamics, Jet Aviation will support one of our core growth areas," said Nicholas D. Chabraja, General Dynamics chairman and chief executive officer.

    "The Permira Funds backed a period of significant capital investment in this business that drove rapid organic growth, and Jet Aviation strengthened its franchise globally through a successful acquisition strategy. As a result, the company is well-positioned to capture further growth opportunities in the business aviation market. Through General Dynamics' acquisition of this strong and rapidly growing organization, we will expand our participation in the business-aviation industry well beyond that of our current operations," Chabraja said.

    Jet Aviation and its principal subsidiary companies, Midcoast Aviation, St. Louis, Mo., and Savannah Air Center, Savannah, Ga., operate in nine U.S. locations, including Bedford/Boston, Mass.; Chicago, Ill., Dallas and San Antonio, Texas; Lambert, Mo.; Palm Beach, Fla.; and Teterboro, N.J. The company also operates international facilities in Basel, Geneva and Zurich, Switzerland; Beijing and Hong Kong, China; Cologne, Dusseldorf, Hannover and Kassel, Germany; Dubai, UAE; Jeddah, Saudi Arabia; Kuala Lumpur, Malaysia; London Biggin Hill, U.K.; Moscow Vnukovo, Russia; Riyadh, Saudi Arabia; and Singapore. More information about the company is available online at http://www.jetaviation.com/.

    The General Dynamics Aerospace group designs, develops, manufacturers and services a comprehensive offering of advanced business-jet aircraft, and has a strong reputation for superior aircraft design, safety, quality and reliability; technologically advanced onboard systems; and award-winning product support.

    General Dynamics' senior management will discuss this transaction and answer questions from investors and financial analysts at 8:30 a.m. on Tuesday, August 19, at the Four Seasons Hotel, 57 East 57th Street, New York. Investment community representatives are invited to participate in person or by phone, and the conference will be webcast through a link at the General Dynamics website, http://www.generaldynamics.com/.

    General Dynamics, headquartered in Falls Church, Va., employs approximately 84,600 people worldwide and anticipates 2008 revenues of approximately $29.5 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies.

    Certain statements made in this press release, including any statements as to future results of operations and financial projections, may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are based on management's expectations, estimates, projections and assumptions. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. Additional information regarding these factors is contained in the company's filings with the Securities and Exchange Commission, including, without limitation, its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q.

    All forward-looking statements speak only as of the date they were made. The company does not undertake any obligation to update or publicly release any revisions to any forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.

    General Dynamics

    CONTACT: Rob Doolittle of General Dynamics, +1-703-876-3199,
    rdoolittle@generaldynamics.com

    Web site: http://www.generaldynamics.com/
    http://www.jetaviation.com/




    Linktone to Announce Second Quarter 2008 Financial Results on August 28

    BEIJING, Aug. 19 /Xinhua-PRNewswire/ -- Linktone Ltd. , one of the leading providers of wireless interactive entertainment services to consumers and advertising services in China, today announced that it will report financial results for the second quarter ended June 30, 2008 after the U.S. equities markets close on Thursday, August 28, 2008.

    Linktone will host a conference call to discuss its second quarter 2008 financial results at 9:00 p.m. Eastern Time on August 28, 2008 (6:00 p.m. Pacific Time on August 28, 2008 and 9:00 a.m. Beijing/Hong Kong Time on August 29, 2008). The dial-in number for the call is 800-218-0713 for U.S. callers and 303-262-2131 for international callers. Chief Executive Officer Michael Li and Chief Financial Officer Jimmy Lai will be on the call to discuss the quarterly results and highlights and to answer questions from participants. A replay of the call will be available through 11:59 PM ET on September 11, 2008. To access the replay, U.S. callers should dial 800-405-2236 and enter passcode 11118495#; international callers should dial 303-590-3000 and enter the same passcode.

    Additionally, a live webcast of this call will be available on the Linktone web site at http://www.linktone.com/press_release.jsp . An archived replay of the call will be available for 90 days.

    About Linktone Ltd.

    Linktone Ltd. is one of the leading providers of wireless interactive entertainment services to consumers and advertising services to enterprises in China. Linktone provides a diverse portfolio of services to wireless consumers and corporate customers, with a particular focus on media, entertainment and communications. These services are promoted through the Company's and our partners' cross-media platform which merges traditional and new media marketing channels, and through the networks of the mobile operators in China. Through in-house development and alliances with international and local branded content partners, the Company develops, aggregates, and distributes innovative and engaging products to maximize the breadth, quality and diversity of its offerings.

    For more information, please contact: Investor Relations Serena Shi Linktone Ltd. Tel: +86-10-5108-8234 Email: serena.shi@linktone.com Brandi Piacente The Piacente Group, Inc. Tel: +1-212-481-2050 Email: brandi@thepiacentegroup.com

    Linktone Ltd.

    CONTACT: Investor Relations: Serena Shi of Linktone Ltd., +86-10-5108-
    8234, or serena.shi@linktone.com; Or Brandi Piacente of The Piacente Group,
    Inc., +1-212-481-2050, or brandi@thepiacentegroup.com

    Web site: http://www.linktone.com/
    http://www.linktone.com/press_release.jsp




    Hutchison Telecom Delivers Strong Underlying Performance in the First Six Months of 2008

    Profit Attributable to Equity Holders from Continuing Operations Surges to HK$1.2 Billion HONG KONG, Aug. 19 /Xinhua-PRNewswire-FirstCall/ -- Key highlights: -- Total mobile customer base rose 68% year on year to 11.1 million; particularly strong momentum in Indonesia -- Turnover increased 22% year on year to HK$11.8 billion -- EBITDA was 14.7% up year on year to HK$3.2 billion -- Profit attributable to equity holders of the Company from continuing operations surges to HK$1.2 billion on performance , one off gains and favourable exchange rates -- Indonesian network rollout accelerated, on track to 6,000 sites by year end -- 3G market leadership strengthened in Hong Kong and Israel; launch of iPhone 3G in Hong Kong received unprecedented market response Financial highlights: Six months ended 30 June 2007 2008 Change HK$ HK$ % million million Turnover 9,639 11,760 22% Operating profit 832 2,281 174.2% Profit before taxation 663 2,397 265.1% Profit for the period from continuing operations 341 1,963 -- Profit attributable to equity holders of the Company from continuing operations 57 1,165 -- Basic earnings per share attributable to equity holders of the Company from continuing operations HK$0.01 HK$0.24 -- Note: 2007 Interim results also included a profit from discontinued operations of HK$70,502 million in respect of the disposal of the Group's indirect interests in CGP Investments (Holdings) Limited

    Hutchison Telecommunications International Limited ('Hutchison Telecom'; 'the Company'; 'the Group'; HKEx: 2332; NYSE: HTX) today announced a strong underlying performance for the first six months of 2008. All its major operations reported growth in turnover with particularly strong momentum from Israel, Hong Kong fixed-line and Thailand driving the Group's total turnover up 22.0% to HK$11.8 billion compared with the same period last year.

    The Group's mobile customer base grew 68% in the past 12 months to 11.1 million, with a significant percentage of the increase comes from Indonesia. Hutchison Telecom continued to register a healthy growth of 3G customers in Israel, Hong Kong and Macau. The total number of 3G customers for the Group had passed two million by the end of June 2008.

    The Group's Earnings Before Interest, Tax, Depreciation and Amortisation ('EBITDA') increased 14.7% to HK$3,223 million with growth particularly strong in Israel and Hong Kong. The Group EBITDA margin was 27.4% in the first six months of 2008, a 1.8% decline on the same period last year reflecting higher network expenses from expansion of the Group's emerging market operations in Indonesia, Vietnam and Sri Lanka.

    Operating profit increased to HK$2,281 million for the first six months of 2008 after one-off gains of HK$1,463 million. These arose principally from the Indonesian operations which recognised a HK$731 million gain from the first tranche of tower sale and HK$732 million of compensation from a network supplier. Excluding the one-off gains and some accelerated depreciation charges in Israel and Vietnam, like for like growth in operating profit was 35.0%.

    As a result profit attributable to equity holders of the Company from continuing operations surged to HK$1,165 million compared with HK$57 million in the first half of 2007.

    On 25 July 2008 the Group completed the acquisition of a 5% stake in its 2G and 3G businesses in Hong Kong and Macau from NEC Corporation taking the Group's ownership in these businesses from 70.9% to 75.9%. This move reflects the Group's confidence in the long term value and potential of the Hong Kong and Macau operations.

    The Group's 3G market leader position in Hong Kong brought it the unique opportunity to be the first operator to launch iPhone 3G in Hong Kong. iPhone 3G is a long-anticipated product around the globe and the response in Hong Kong has been unprecedented.

    The Indonesian operations also extended its partnership with network suppliers and tower companies during the period. Both are strategic steps to accelerate the network rollout paving for the way to capture the potential in this market. The operations now have over 4,000 sites and are on track to rollout 6,000 sites by the end of the year clearly making it the fourth largest network in Indonesia.

    In Vietnam the operations made good progress in switching the network to GSM. It has completed the selection of network vendors and is now working hard to get the network ready for its target launch by the end of 2008.

    Dennis Lui, Chief Executive Officer of Hutchison Telecom, said: "In the first six months of 2008 the Group succeeded in delivering a strong underlying performance both operationally and financially. Our mobile operations in Hong Kong and Israel strengthened their 3G market leadership position during the period collectively passing two million 3G customers. In Indonesia we have seen good sales momentum since the launch of the service in the first half of 2007 and are pleased with the progress to accelerate the network rollout. Whilst in Vietnam we have made progress on the conversion to GSM. These steps enhance the Group's prospect in those markets positioning us favourably to reap the rewards."

    Tim Pennington, Chief Financial Officer of Hutchison Telecom said: "There is evidence of some deterioration in our operating environment as the impact of higher inflation and lower growth affects consumer spending in some markets. We are also mindful of the availability of capital and credit in view of the global situation. However, we are a well capitalised company and during this period would aim to maintain high levels of liquidity to ensure we can meet our operating objectives."

    Operations review Indonesia -- Strong user growth to 3.2 million -- Turnover was HK$150 million -- Accelerated network rollout on track for 6,000 sites

    The Group's Indonesian operation, PT Hutchison CP Telecommunications ('HCPT'), has seen good sales momentum since its launch in the first half of 2007. During the period HCPT undertook a number of strategic actions to accelerate the network rollout such as the sale and lease back of tower sites announced in March 2008 and the extension of its relationships with vendors and tower companies. Further challenges are expected ahead but HCPT has established itself firmly as the fourth largest network in Indonesia in less than one and a half years so laying a solid foundation to capture the potential of this market.

    Supported by this network roll out, HCPT has seen strong customer growth during the reporting period. In the second quarter against a background of intensified competition and tariff reduction the rate of net customer additions for HCPT accelerated to 37.4%, adding 872,000 net additions taking the user base to 3.2 million.

    Average revenue per user ('ARPU') was IDR12,000 in the second quarter, a reduction from the first quarter due to higher levels of promotional activity in response to increased tariff competition and a reduction in interconnection rates.

    Turnover for HCPT in the first half of 2008 was HK$150 million. The comparison with the same period last year is not meaningful as the operation only commenced during that period. Loss before interest, tax, depreciation and amortisation increased to HK$348 million but this is to be expected for an early stage mobile operation as operating costs are usually higher because of network expansion and the resulting growth in operating costs often exceeds that of revenues.

    Capex guidance for the Group's Indonesian operations remains at HK$4.0 billion for the full year 2008. As HCPT accelerates its network rollout it is expected several rollout milestones will be reached in the second half. The target of 6,000 sites will give HCPT significant population coverage in Java and Sumatra, as well as a meaningful presence in Kalimantan and Sulawesi.

    Vietnam

    Vietnam is one of the most vibrant and high growth mobile markets in the region. The Group believes in its vast potential and is committed to be a successful GSM operator in the market. Following the granting of an investment certificate for a GSM network in March 2008, the operations stopped customer recruitment and existing customers were migrated to a third party network. The customer migration has completed and the GSM network vendor selection concluded. The business is now focusing on reaching its target of service launch at year end.

    Hong Kong and Macau

    Combined turnover from the Group's fixed-line and mobile businesses in Hong Kong and Macau was HK$3,751 million, a 6.5% increase year on year. EBITDA was up 11.8% to HK$1,384 million and the EBITDA margin was 36.9%.

    Hong Kong and Macau mobile -- Customer base increased to 2.6 million -- Turnover increased to HK$2.4 billion -- EBITDA increased 13.3% to HK$875 million while EBITDA margin was higher at 36.5% -- Launch of iPhone 3G in Hong Kong received unprecedented response

    The Group's mobile operations in Hong Kong and Macau continued to steer the market towards 3G adoption and increased mobile data and content usage. Both operations were named the first provider in their respective markets to launch iPhone 3G. In Hong Kong the launch of this long anticipated handset has seen an encouraging response with over 40% of the iPhone 3G users registered for the highest value tariff plan which is resulting in significantly higher levels of data and content usage than for our average customer base.

    In the second quarter the operations registered 80,000 net customer additions of which 77,000 were 3G users. This took the combined customer base to 2.6 million. ARPU growth was limited as competition focused on lower value tariff promotions. The sale of iPhone 3G in Hong Kong which started in July will have an impact on the KPI's in the third quarter onwards.

    Turnover was up 3.3% to HK$2.4 billion whilst EBITDA grew 13.3% to HK$875 million due to higher revenue from roaming, content and data usage as well as customer growth. The EBITDA margin, a key focus for the business, increased 3.3% to 36.5%.

    Hong Kong fixed-line -- Turnover grew 12.8% to HK$1,352 million -- EBITDA increased 9% to HK$509 million with a margin of 37.6%

    The Group's fixed-line business in Hong Kong, Hutchison Global Communications Limited ('HGC') reported growth in turnover of 12.8% year on year to HK$1,352 million. The growth came from the international and carrier business increased 14.8% following the expanded international network footprint and premium network routings. These together enabled the operations to broaden its customer base and solicit high yield carrier customers. The operations also saw good growth from the corporate and business market which rose 33.0% driven not only by the continued growth in data from the government and finance sectors but also growth in business voice traffic where HGC benefited from business line number porting.

    EBITDA grew 9% to HK$509 million. The EBITDA margin was 37.6% compared with 38.9% same period last year, lower due to the relative growth of the international and carrier business that typically carries a lower margin.

    HGC has recently announced the inauguration of the fourth cross-border fibre optic system with Mainland China. With this launch HGC boasts what it believes to be the most diversified and highest capacity cross border fibre optic transmission link to Mainland China among any fixed-line operator in Hong Kong, positioning itself favourably to capture the tremendous international communication business potential in and out of Mainland China via Hong Kong.

    Israel -- Customer base up to 2.9 million -- Turnover increased 29.0% to HK$7.0 billion -- EBITDA surged 32.4% to HK$2.4 billion

    The Group's Israeli operations, Partner Communications Company Ltd. ('Partner') continued to perform strongly by focusing on offering innovative technology, service excellence and a differentiated marketing approach. The orangeTM brand continues to be one of the most widely admired brands in Israel having been awarded the leading telecom brand in Israel for the sixth consecutive year by Globes, an Israeli daily business newspaper. This contributed to drive the strong growth in 3G customers during the first half of 2008 pushing the total customer base up to nearly 2.9 million. Partner also saw continued progress on ARPU which increased to NIS158 in the second quarter.

    The increase in the weight of post-paid customers in Partner's base, higher average minute of use and an increase in content and data revenues together with the beneficial impact of favourable currency rates drove Partner's turnover to climb 29.0% in the first half to HK$7.0 billion. EBITDA increased to HK$2.4 billion which is 32.4% higher compared with same period last year benefiting from favourable exchange rates and strong growth in customer base and non-voice usage. The EBITDA margin was one percentage point higher at 33.9% as a result of tight operating cost structures and lower customer acquisition costs.

    In the period Partner spent HK$453 million to buy back its own shares. The share buyback increased the Group's interest in Partner from 50.2% previously to 50.9%.

    Partner continues to be an integral part of the Group contributing 59.4% of turnover and 73.5% of EBITDA in the first half of 2008

    Sri Lanka -- Turnover growth suppressed to HK$89 million -- EBITDA was down at HK$34 million

    In Sri Lanka operational difficulties mounted during the first half. The operations continued to see a very difficult economic time compounded by a tightening security situation which affected the daily life of Sri Lankan people and had a noticeable impact on sales. Against this backdrop the Group's Sri Lankan operations, Hutchison Telecommunications Lanka (Private) Limited ('HTLL') encountered some operational setbacks which are expected to be compounded by much stricter user ID requirements announced recently. As a result HTLL expects to see a substantial downward revision in its customer base. At this stage the revision cannot be fully quantified but HTLL expects to be able to do so in the third quarter.

    In the first half of 2008 HTLL recorded only modest revenue growth and a fall in EBITDA as the cost of network expansion was not covered by increased customer acquisition and usage.

    Thailand -- Customer base increased 40.3% to 1.1 million -- Turnover increased 25.5% to HK$621 million -- EBITDA at HK$59 million fully covered capex for the first time

    The Group's operations in Thailand Hutchison CAT Wireless Multimedia Limited ('Hutchison CAT') showed a significant improvement in its operating results for the first six months of 2008 particularly in customer and turnover growth. The customer base grew 4.3% in second quarter to over 1.1 million. The customer growth supported a 25.5% increase in turnover to HK$621 million. As a result of tight cost control particularly in subscriber acquisition costs, EBITDA improved significantly and exceeded capex by HK$41 million. Hutchison CAT produced its first operating profit following the decision last year to write down the investment.

    Ghana

    The Group completed the sale of its indirect interests in Ghana in July 2008. The Group is expected to realise an estimated gain of approximately HK$295 million in the second half of 2008 and a net cash inflow of approximately HK$545 million. For the six months ended 30 June 2008 Ghana recorded an operating loss for the period of HK$13 million.

    Outlook

    Hutchison Telecom reported a good performance in the first half of 2008 and progress in its emerging markets. With the positive actions the Company took in 2007 to address the issues that were most challenging it now has a clear visibility to the opportunities. Looking ahead to the second half of 2008, Indonesia and Vietnam will continue to require attention and resources to accelerate the expansion and rollout of networks. Hutchison Telecom maintains its focus on the cash generating businesses in Hong Kong and Israel to keep the growth momentum and continues to look for further development by leveraging the success it has built in these two markets. Accordingly its capital expenditure guidance is maintained at HK$7.0 billion for 2008.

    During the period Hutchison Telecom has evaluated a number of opportunities to expand its operations. In the main it continues to see that price expectations for emerging market telecom assets have not been significantly dampened. There remain opportunities to expand its business but the Company is not optimistic that this will be achieved in the second half of 2008.

    Hutchison Telecom continues to be aware of developments in the global economy. There is evidence of some deterioration in the operating environment as the impact of higher inflation and lower growth affects consumer spending. It is also concerned about the availability of capital and credit in view of the global credit crunch. However, the Company is well capitalised and during this period would aim to maintain high levels of liquidity to ensure it can meet its operating objectives.

    About Hutchison Telecommunications International Limited

    Hutchison Telecommunications International Limited ('Hutchison Telecom' or 'the Group') is a leading global provider of telecommunications services. The Group currently offers mobile and fixed-line telecommunication services in Hong Kong and Israel, and operates mobile telecommunications services in Macau, Indonesia, Vietnam, Sri Lanka and Thailand. It was the first provider of 3G mobile services in Hong Kong and Israel and operates brands including "3", "Hutch" and "Orange".

    Hutchison Telecom is a listed company with American Depositary Shares quoted on the New York Stock Exchange under the ticker HTX and shares listed on the Stock Exchange of Hong Kong under the stock code 2332. A subsidiary of the Hong Kong-based Hutchison Whampoa Group, Hutchison Telecom is dedicated to providing superior telecommunications services in dynamic markets. For more information about Hutchison Telecom, see http://www.htil.com/ .

    Cautionary Statements

    This press release contains forward-looking statements. Statements that are not historical facts, including statements about the beliefs and expectations of Hutchison Telecommunications International Limited ('the Company'), are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks, uncertainties and assumptions. The Company cautions that if these risks or uncertainties ever materialise or the assumptions prove incorrect, or if a number of important factors occur or do not occur, the Company's actual results may differ materially from those expressed or implied in any forward-looking statement. Additional information as to factors that may cause actual results to differ materially from the Company's forward-looking statements can be found in the Company's filings with the United States Securities and Exchange Commission.

    -- Tables to Follow -- Unaudited Key Performance Indicators for Second Quarter 2008 Customer Base Q2 2008 Q1 2008 30 June 2008 31 March 2008 Total Postpaid Prepaid Total Postpaid Prepaid Market ('000) ('000) ('000) ('000) ('000) ('000) Hong Kong (incl Macau) 2,595 1,720 875 2,515 1,698 817 Indonesia 3,203 7 3,196 2,331 4 2,327 Israel 2,856 2,135 721 2,823 2,108 715 Sri Lanka (#) 1,291 -- 1,291 1,289 -- 1,289 Thailand 1,117 418 699 1,071 405 666 Total (#) 11,062 -- -- 10,029 -- -- Customer Base(Continued) Q4 2007 Q3 2007 31 December 2007 30 September 2007 Total Postpaid Prepaid Total Postpaid Prepaid Market ('000) ('000) ('000) ('000) ('000) ('000) Hong Kong(incl Macau) 2,427 1,671 756 2,290 1,629 661 Indonesia 2,039 3 2,036 1,627 2 1,625 Israel 2,860 2,068 792 2,796 2,004 792 Sri Lanka (#) 1,141 -- 1,141 1,002 -- 1,002 Thailand 978 372 606 884 346 538 Total (#) 9,445 -- -- 8,599 -- -- Customer Base (Continued) Q2 2007 30 June 2007 Total Postpaid Prepaid Market ('000) ('000) ('000) Hong Kong(incl Macau) 2,239 1,590 649 Indonesia -- -- -- Israel 2,733 1,952 781 Sri Lanka(#) 819 -- 819 Thailand 796 317 479 Total (#) 6,587 -- -- (#) The customer base for Sri Lanka is expected to be revised downward substantially in Q3 2008; see discussion of Sri Lanka on page 3. Notes: (1) A customer is defined as a Postpaid Customer or a Prepaid Customer who has a Subscriber Identity Module (SIM) or Universal Subscriber Identity Module (USIM) that has access to the network for any purpose, including voice, data or video services. (2) Postpaid Customers are defined as those whose mobile telecommunications service usage is paid in arrears upon receipt of the mobile telecommunications operator's invoice and who have not been temporarily or permanently suspended from service. (3) Prepaid Customers are defined as customers with prepaid SIM cards or prepaid USIM cards that have been activated but not been used up or expired at period end. A new prepaid customer is recognised upon making the first call or registration/activation. (4) All numbers quoted on the basis of the total customer base of the operation irrespective of the Company's ownership percentage. (5) All numbers quoted as at last day of the quarter. (6) The data for Hong Kong and Israel relate to both 2G and 3G services. (7) The data for Ghana and Vietnam are excluded. ARPU(1) Q2 2008 Q1 2008 30 June 2008 31 March 2008 Market Currency Blended Postpaid Prepaid Blended Postpaid Prepaid Hong Kong (incl Macau) HKD 148 210 24 149 208 24 Indonesia IDR ('000) 12 108 12 14 120 14 Israel NIS 158 -- -- 155 -- -- Sri Lanka LKR 163 -- 163 193 -- 193 Thailand THB 386 784 147 405 808 157 ARPU(1) (Continued) Q4 2007 Q3 2007 31 December 2007 30 September 2007 Market Currency Blended Postpaid Prepaid Blended Postpaid Prepaid Hong Kong (incl Macau) HKD 161 218 28 162 216 29 Indonesia IDR ('000) 15 114 15 -- -- -- Israel NIS 157 -- -- 165 -- -- Sri Lanka LKR 242 -- 242 287 -- 287 Thailand THB 417 813 165 434 815 183 ARPU(1) (Continued) Q2 2007 30 June 2007 Market Currency Blended Postpaid Prepaid Hong Kong (incl Macau) HKD 160 214 27 Indonesia IDR ('000) -- -- -- Israel NIS 157 -- -- Sri Lanka LKR 311 -- 311 Thailand THB 463 843 200 Notes: (1) The monthly Average Revenue Per User (ARPU) is calculated as the total Service Revenues for the month divided by the simple average number of activated customers for the month. The monthly ARPU for the quarter represents the average of the monthly ARPU in the quarter. (2) Service Revenues are defined as the direct recurring service revenues plus roaming revenues. (3) The data for Hong Kong and Israel relate to both 2G and 3G services. (4) The data for Ghana and Vietnam are excluded. MOU (1) Q2 2008 Q1 2008 30 June 2008 31 March 2008 Market Blended Postpaid Prepaid Blended Postpaid Prepaid Hong Kong (incl Macau) 462 672 42 461 655 43 Indonesia 82 117 82 94 104 94 Israel 368 -- -- 359 -- -- Sri Lanka 54 -- 54 60 -- 60 Thailand 607 1,086 319 632 1,134 324 MOU (1) (Continued) Q4 2007 Q3 2007 31 December 2007 30 September 2007 Market Blended Postpaid Prepaid Blended Postpaid Prepaid Hong Kong (incl Macau) 491 680 49 506 691 51 Indonesia 83 59 83 -- -- -- Israel 345 -- -- 343 -- -- Sri Lanka 69 -- 69 81 -- 81 Thailand 643 1,110 347 648 1,088 358 MOU (1) (Continued) Q2 2007 30 June 2007 Market Blended Postpaid Prepaid Hong Kong (incl Macau) 490 673 47 Indonesia -- -- -- Israel 331 -- -- Sri Lanka 93 -- 93 Thailand 638 990 393 Notes: (1) The monthly Minutes of Use ("MOU") is calculated as the total minutes carried over the network (2G total airtime usage + 3G voice and video usage, but excluding inbound on-net minutes) for the month divided by the simple average number of activated customers for the month. The monthly MOU for the quarter represents the average of the monthly MOU in the quarter. (2) The data for Hong Kong and Israel relate to both 2G and 3G services. (3) The data for Ghana and Vietnam are excluded. Churn (1) Q2 2008 Q1 2008 30 June 2008 31 March 2008 Market Blended Postpaid Prepaid Blended Postpaid Prepaid Hong Kong (incl Macau) 4.0% 1.8% 8.0% 3.5% 1.8% 6.7% Indonesia 15.6% 7.9% 15.6% 17.6% 11.0% 17.6% Israel 1.3% -- -- 1.7% -- -- Sri Lanka 3.8% -- 3.8% 2.9% -- 2.9% Thailand 6.0% 2.9% 7.8% 5.8% 2.7% 7.8% Churn (1) (Continued) Q4 2007 Q3 2007 31 December 2007 30 September 2007 Market Blended Postpaid Prepaid Blended Postpaid Prepaid Hong Kong (incl Macau) 3.3% 1.8% 6.2% 3.9% 1.8% 8.2% Indonesia 17.7% 16.3% 17.7% -- -- -- Israel 1.3% -- 1.1% -- -- -- Sri Lanka 2.4% -- 2.4% 2.2% -- 2.2% Thailand 5.2% 2.8% 6.8% 5.5% 3.4% 6.9% Churn (1) (Continued) Q2 2007 30 June 2007 Market Blended Postpaid Prepaid Hong Kong (incl Macau) 3.7% 1.7% 7.7% Indonesia -- -- -- Israel 1.2% -- -- Sri Lanka 2.8% -- 2.8% Thailand 6.5% 3.9% 8.2% Notes: (1) The monthly churn % is calculated as the average number of disconnections (net of reconnection and internal migration between networks) for the month divided by the simple average number of activated customers for the month. The monthly churn % for the quarter represents the average of the monthly churn rates in the quarter. (2) The data for Hong Kong and Israel relate to both 2G and 3G services. (3) The data for Ghana and Vietnam are excluded. The Board wishes to remind investors that the above key performance indicators are based on the Group's unaudited internal records. Investors are cautioned not to unduly rely on such data. For enquiries, please contact: Mickey Shiu Corporate Communications or Investor Relations Hutchison Telecom Tel: +852-2128-3107 Mobile: +852-9092-8233 Email: mickeyshiu@htil.com.hk

    Hutchison Telecommunications International Limited

    CONTACT: Mickey Shiu, +852-2128-3107, or mobile +852-9092-8233,
    mickeyshiu@htil.com.hk.

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




    Radware's AppDirector Wins 2008 Network Products Guide Reader Trust Award for Best in Global Load BalancingAppDirector, Powered by Radware's OnDemand Switch Platform Recognized for Bringing Improvements in Application Delivery

    MAHWAH, New Jersey, August 19 /PRNewswire-FirstCall/ -- Radware, the leading provider of integrated application delivery solutions for business-smart networking, announced today that Network Products Guide, a Silicon Valley Communications publication and a world leading publication on technologies and solutions, has named AppDirector a winner of the 2008 Best Products and Services Award. This respected annual award honors products and services that represent the rapidly changing needs and interests of the end-users of technology worldwide. As part of the tech-industry's leading global awards program, this year's Best Products and Services were nominated from all over the world.

    "Increased end-user awareness and ongoing advances in technology are helping shape better products and services," says Rake Narang, Editor-in-Chief, Network Products Guide. "AppDirector is bringing improvements in application delivery control over today's IP networks. The election of the product by our voters reinforces the appreciation for solutions that enable a better utilized and capable network for today's business needs."

    AppDirector, Radware's application delivery controller (ADC), enables accelerated application performance; local and global server availability; and application security and infrastructure scalability for fast, reliable and secure delivery of applications over IP networks. By optimizing server infrastructure resources and enabling seamless consolidation and high scalability, AppDirector drives productivity and return on investment.

    Powered by Radware's innovative OnDemand Switch platform, AppDirector provides superior scalability to meet evolving network and business requirements by allowing organizations to only pay for the throughout level their networks require. This innovative architectural approach to global re-direction is the only solution guaranteeing transaction completion and fast response times across multiple data centers in support of business continuity and disaster recovery plans.

    "Radware's AppDirector is focused on making networks 'business-smart," said Amir Peles, Chief Technology Officer, Radware. "Today's recognition by Network Products Guide and the industry voters strongly affirms our global efforts to bridge that gap between applications and networks; driving intelligence through the network to ensure optimal application performance."

    For more information on Radware's AppDirector and OnDemand Switch, please visit: http://www.radware.com/.

    About Network Products Guide Awards

    Network Products Guide, published from the heart of Silicon Valley, is a leading provider of products, technologies and vendor related research and analysis. You will discover a wealth of information and tools in this guide including the best products and services, roadmaps, industry directions, technology advancements and independent product evaluations that facilitate in making the most pertinent technology decisions impacting business and personal goals. The guide follows conscientious research methodologies developed and enhanced by industry experts. To learn more, visit http://www.networkproductsguide.com/

    About Radware

    Radware , the global leader in integrated application delivery solutions, assures the full availability, maximum performance, and complete security of business-critical applications for more than 5,000 enterprises and carriers worldwide. With APSolute(TM), Radware's comprehensive and award-winning suite of intelligent front-end, access, and security products, companies in every industry can drive business productivity, improve profitability, and reduce IT operating and infrastructure costs by making their networks "business smart." For more information, please visit http://www.radware.com/.

    This press release may contain forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the Application Switching or Network Security industry, changes in demand for Application Switching or Network Security products, the timing and amount or cancellation of orders and other risks detailed from time to time in Radware's filings with the Securities and Exchange Commission, including Radware's Form 20-F.

    Radware Ltd

    CONTACT: Media Relations: Joyce Anne Shulman, +1-201-785-3209,
    joyceannes@radware.com




    Nokia Lightens Your LoadLonely Planet Content now Available on Nokia Maps

    ESPOO, Finland, August 19 /PRNewswire-FirstCall/ -- In an effort to help travellers everywhere, Nokia and Lonely Planet have teamed up to distribute Lonely Planet content via Nokia Maps. Travellers can purchase and download the city guides so that they have information at their fingertips whilst they are on the road.

    With over 100 destinations available now, and more to come, Nokia Maps and Lonely Planet have many of the most world's most popular tourist locations covered. The Lonely Planet guides will help travellers to find great places to eat, shop and sleep, as well as describing the popular sights and nightlife for each destination.

    "Lonely Planet is a well known brand amongst travellers and stands for adventure and editorial independence," said Maximilian Schierstadt, head of media partnerships, Nokia context based services. "We are very excited to offer their expert local recommendations and itineraries to our Nokia Maps consumers, which will allow Nokia to continue to innovate and enable compelling location aware experiences."

    Stephen Palmer, CEO, Lonely Planet Publications added, "This is a genuinely transformational deal, which makes Lonely Planet content readily available regardless of time or place. It will help all those questions which travellers frequently have on the road such as 'What should I explore today' or 'where should I go for dinner tonight?' Together with Nokia we will help more travellers connect profoundly with their world, every day."

    The downloads are available from today, cost USD 13.99, and can be found in the Guides section in the Extras menu. Nokia Maps 2.0 uses vector maps provided by Navteq and TeleAtlas. Nokia Maps now has maps covering over 200 countries, with over 70 of them navigable. Maps can be downloaded over the air directly to selected devices or by using the Nokia Map Loader on a PC.

    Nokia Maps 2.0 and the Map Loader is freely* available for selected devices. For download and more information, please visit http://www.maps.nokia.com/.

    *Subject to terms and conditions. Data transfer costs may apply. About Nokia

    Nokia is the world leader in mobility, driving the transformation and growth of the converging Internet and communications industries. We make a wide range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Developing and growing our offering of consumer Internet services, as well as our enterprise solutions and software, is a key area of focus. We also provide equipment, solutions and services for communications networks through Nokia Siemens Networks.

    About Lonely Planet

    Lonely Planet is a leading global travel information company. It is renowned for its first-hand approach, up-to-date maps and commitment to providing the best information for travellers. Lonely Planet covers the must-see spots, but also encourages travellers to get off the beaten track and understand more of the nature, culture and environment in each destination. Lonely Planet currently has more than 360 writers, researchers and photographers and produces around 500 trustworthy and inspiring books, innovative downloadable digital guides, an award-winning website, wireless applications and cutting-edge television programmes. Lonely Planet was founded after Tony and Maureen Wheeler left London and hit the road in search of adventure in 1972. They travelled overland across Asia and landed in Australia where, due to incessant questions from would-be travellers, they compiled their journey notes and stapled together their first travel guide, Across Asia on the Cheap. http://www.lonelyplanet.com/.

    http://www.nokia.com/

    More detailed product information: http://www.maps.nokia.com/.

    Nokia Corporation

    CONTACT: Media Enquiries: Nokia, Communications, Tel. +358-7180-34900,
    Email: press.services@nokia.com




    Sierra Wireless USB Modem to be introduced to Switzerland by SwisscomThe Compass 885 USB Modem from Sierra Wireless offers stylish, durable design and the latest high-speed mobile broadband technology for professionals on the move

    VANCOUVER, Aug. 19 /PRNewswire-FirstCall/ -- Sierra Wireless and Swisscom today announced the availability of the Sierra Wireless Compass(TM) 885 USB Modem to customers in Switzerland. The Compass 885 USB modem offers Swisscom customers mobile broadband connectivity on the go, with fast, simple installation, a sleek and durable USB design, and the latest 3G wireless technology for optimal data speeds. Sold under the brand name "Unlimited USB Modem 885," the Compass 885 is now available for as low as CHF 1.00* through Swisscom Shops, the company's Web shop online at http://www.swisscom.ch/, and other third party channels.

    Swisscom offers customers a high-performing HSPA mobile broadband network that covers 92 percent of the Swiss population. Swisscom customers can browse the Internet almost everywhere in Switzerland at up to 7.2 Mbps (megabits per second), comparable to current speeds in the wired world. In addition, Swisscom offers its customers broadband coverage via UMTS (90 percent) or EDGE (99.8 percent) technology where HSPA is not yet available - anywhere and at anytime - and the Compass 885 USB modem seamlessly transitions to EDGE connectivity outside of HSPA-covered regions.

    The Sierra Wireless Compass 885 USB modem offers TRU-Install(TM) automatic software installation, which makes startup quick and simple, allowing users to get online faster, as well as Swisscom's own user-friendly Unlimited Data Manager (UDM) software. The Compass 885 USB Modem also includes a connector for an optional external antenna, sometimes preferred by customers to provide extended and strengthened connections in remote areas or fringe network coverage. Additionally, the Compass 885 USB Modem is sold with a 1 GB microSD memory card already inserted into the modem, providing Swisscom customers with the convenient option of increasing data storage and transfer without any additional efforts required.

    The Compass 885 USB Modem offers users the ability to roam globally, with tri-band HSPA/UMTS support and quad-band GSM/EDGE support, making it compatible with networks in most countries around the world.

    "The quick and easy setup, the sleek and durable design, and the convenience of having a high-speed connection wherever it's needed makes the Compass 885 an ideal choice for mobile professionals and frequent travelers," said Christian Neuhaus, a spokesperson for Swisscom.

    "The Compass 885 USB Modem is designed to be convenient, reliable, and fast, providing the latest high-speed mobile broadband technology and global compatibility," said Jim Lahey, vice president, EMEA for Sierra Wireless. "With the widespread availability of a high-speed mobile broadband network, the Compass 885 offers mobile professionals access to the information and connections they need wherever they need them, and we're pleased to have the opportunity to deliver this to Swisscom customers."

    For more information about the Sierra Wireless Compass 885 USB modem please visit http://www.sierrawireless.com/product. To contact the Sierra Wireless Sales Desk, call +1 (604) 232-1488 or e-mail sales@sierrawireless.com.

    * Upon conclusion of a new subscription NATEL(R) data basic + Data Option 1.5 GB, 24 months. Price without contract is CHF 299.00. Note to editors: ----------------

    To view and download images of Sierra Wireless products, please visit http://www.sierrawireless.com/product/photos.aspx.

    About Swisscom

    Swisscom is Switzerland's leading telecoms provider, with 5 million mobile customers, around 5.3 million fixed lines including 1.6 million broadband connections. The company has a presence throughout Switzerland and offers a full range of products and services for mobile, landline and IP-based voice and data communication.

    For more information on Swisscom Mobile please visit http://www.swisscom.com/ About Sierra Wireless

    Sierra Wireless modems and software connect people and systems to mobile broadband networks around the world. The Company offers a diverse product portfolio addressing enterprise, consumer, original equipment manufacturer, specialized vertical industry, and machine-to-machine markets, and provides professional services to customers requiring expertise in wireless design, integration, and carrier certification. For more information about Sierra Wireless, visit http://www.sierrawireless.com/.

    "Compass" and "TRU-Install" are trademarks of Sierra Wireless. Other product or service names mentioned herein may be the trademarks of their respective owners.

    Sierra Wireless Forward Looking Statements

    This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply conditions, channel and end customer demand conditions, revenues, gross margins, operating expenses, profits, and other expectations, intentions, and plans contained in this press release that are not historical fact. Our expectations regarding future revenues and earnings depend in part upon our ability to successfully develop, manufacture, and supply products that we do not produce today and that meet defined specifications. When used in this press release, the words "plan", "expect", "believe", and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in the wireless data communications market. In light of the many risks and uncertainties surrounding the wireless data communications market, you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.

    Sierra Wireless, Inc.

    CONTACT: Sharlene Myers, Sierra Wireless, Phone: (604) 232-1445, Email:
    smyers@sierrawireless.com




    Cellcom Israel Announces Results of Annual General Meeting of Shareholders

    NETANYA, Israel, August 19 /PRNewswire-FirstCall/ -- Cellcom Israel Ltd. (the "Company") announced today that its Annual General Meeting of Shareholders (the "Meeting") was held as planned on August 18, 2008, at which the following items were voted upon and duly approved by the Company's shareholders:

    (1) to approve the reelection of Ami Erel, Shay Livnat, Raanan Cohen, Avraham Bigger, Rafi Bisker and Shlomo Waxe as directors and election of Haim Gavrieli and Ari Bronshtein as directors; and (2) to approve the grant of letters of exemption and indemnification to office holders who are controlling shareholders; and (3) to approve the amendment of certain terms of outstanding options held by the Company's Chairman of the Board; (4) to approve the reappointment of Somekh Chaikin as the Company's independent auditor.

    For more information, please see the Company's Proxy Statement relating to the Meeting, which was filed on Form 6-K on July 7, 2008.

    About Cellcom Israel

    Cellcom Israel Ltd., established in 1994, is the leading Israeli cellular provider; Cellcom Israel provides its approximately 3.117 million subscribers (as at June 30, 2008) with a broad range of value added services including cellular and landline telephony, roaming services for tourists in Israel and for its subscribers abroad and additional services in the areas of music, video, mobile office etc., based on Cellcom Israel's technologically advanced infrastructure. The Company operates an HSPA 3.5 Generation network enabling the fastest high speed content transmission available in the world, in addition to GSM/GPRS/EDGE and TDMA networks. Cellcom Israel offers Israel's broadest and largest customer service infrastructure including telephone customer service centers, retail stores, and service and sale centers, distributed nationwide. Through its broad customer service network Cellcom Israel offers its customers technical support, account information, direct to the door parcel services, internet and fax services, dedicated centers for the hearing impaired, etc. In April 2006 Cellcom Israel, through Cellcom Fixed Line Communications L.P., a limited partnership wholly-owned by Cellcom Israel, became the first cellular operator to be granted a special general license for the provision of landline telephone communication services in Israel, in addition to data communication services. Cellcom Israel's shares are traded both on the New York Stock Exchange (CEL) and the Tel Aviv Stock Exchange (CEL).

    For additional information please visit the Company's website http://investors.ircellcom.co.il/

    Company Contact Investor Relations Contact Shiri Israeli Ehud Helft / Ed Job Investor Relations Coordinator CCGK Investor Relations investors@cellcom.co.il info@gkir.com / ed.job@ccgir.com Tel: +972-52-998-9755 Tel: (US) +1-866-704-6710 / +1-646-213-1914

    Cellcom Israel Ltd.

    CONTACT: Company Contact, Shiri Israeli, Investor Relations
    Coordinator, investors@cellcom.co.il, Tel: +972-52-998-9755; Investor
    Relations Contact, Ehud Helft / Ed Job, CCGK Investor Relations,
    info@gkir.com / ed.job@ccgir.com, Tel: (US) +1-866-704-6710 / +1-646-213-1914




    EMCORE Corporation Announces Appointment of Chief Financial Officer

    ALBUQUERQUE, N.M., Aug. 18 /PRNewswire-FirstCall/ -- EMCORE Corporation , a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite, and terrestrial solar power markets, today announced that the Board of Directors of EMCORE Corporation ("EMCORE" or the "Company") appointed John M. Markovich, as Chief Financial Officer, effective August 18, 2008.

    Reporting to the CEO, Mr. Markovich will be responsible for the Company's finance, accounting, financial planning, treasury, tax, and investor relations functions. Bringing over 20 years of financial leadership to EMCORE, John has a strong background in operational finance, manufacturing, and debt & equity financing transactions. Prior to joining EMCORE, Mr. Markovich was EVP & CFO of Energy Innovations, Inc., a venture capital-backed solar energy company. Previously, Mr. Markovich has held leadership positions with several leading technology and financial services companies including Optical Coating Laboratories Inc., Western Digital Corporation, Pictos Technologies, Tickets.com, and Citicorp.

    Adam Gushard, the Company's Interim Chief Financial Officer, will remain with EMCORE as Vice President, Finance, reporting to Mr. Markovich.

    "We are very excited about the addition of John Markovich to EMCORE's management team. John, an industry veteran, brings broad operational and strategic experience to the organization and will play a critical role in leading the Company through the execution of our business plan going forward," said Dr. Hong Q. Hou, CEO of EMCORE Corporation.

    About EMCORE:

    EMCORE Corporation is a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and solar power markets. EMCORE's Fiber Optics segment offers optical components, subsystems and systems that enable the transmission of video, voice and data over high-capacity fiber optic cables for high-speed data and telecommunications, cable television (CATV) and fiber-to-the-premises (FTTP) networks. EMCORE's Solar Power segment provides solar products for satellite and terrestrial applications. For satellite applications, EMCORE offers high-efficiency compound semiconductor-based gallium arsenide (GaAs) solar cells, covered interconnect cells and fully integrated solar panels. For terrestrial applications, EMCORE offers concentrating photovoltaic (CPV) systems for utility scale solar applications as well as offering its high- efficiency GaAs solar cells and CPV components for use in solar power concentrator systems. For specific information about our company, our products or the markets we serve, please visit our website at http://www.emcore.com/.

    Contacts: TTC Group Victor Allgeier (646) 290-6400 info@ttcominc.com

    EMCORE Corporation

    CONTACT: Victor Allgeier of TTC Group, +1-646-290-6400,
    info@ttcominc.com, for EMCORE Corporation

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




    SkillSoft Schedules Fiscal 2009 Second Quarter Conference Call

    NASHUA, N.H., Aug. 18 /PRNewswire-FirstCall/ -- SkillSoft PLC , a leading SaaS provider of on-demand e-learning and performance support solutions for global enterprises, government, education and small- to medium-sized businesses, intends to release its operating results for its fiscal 2009 second quarter ended July 31, 2008 prior to the market opening on Friday, August 22, 2008.

    In conjunction with the release, management will conduct a conference call on Friday, August 22, 2008, at 8:30 a.m. ET, to discuss the Company's operating performance and its outlook for its third fiscal quarter ending October 31, 2008. Chuck Moran, President and Chief Executive Officer, and Tom McDonald, Chief Financial Officer, will host the call.

    To participate in the conference call, local and international callers can dial 973-582-2717. The live conference call will be available via the Internet by accessing the SkillSoft Web site at http://www.skillsoft.com/. Please go to the Web site at least fifteen minutes prior to the call to register, download and install any necessary audio software.

    A replay will be available from 12:01 p.m. ET on August 22, 2008, until 11:59 p.m. ET on August 29, 2008. The replay number 800-642-1687, passcode: 60842846. A webcast replay will also be available on SkillSoft's Web site at http://www.skillsoft.com/.

    About SkillSoft

    SkillSoft PLC is a leading SaaS provider of on-demand e-learning and performance support solutions for global enterprises, government, education and small to medium-sized businesses. SkillSoft enables business organizations to maximize business performance through a combination of comprehensive e- learning content, online information resources, flexible learning technologies and support services.

    Content offerings include business, IT, desktop, compliance and consumer/SMB courseware collections, as well as complementary content assets such as Leadership Development Channel video products, KnowledgeCenter(TM) portals, virtual instructor-led training services and online mentoring services. SkillSoft's Books24x7(R) product offering includes access to more than 18,000 digitized IT and business books, as well as book summaries and executive reports. Technology offerings include the SkillPort(R) learning management system, Search-and-Learn(R), SkillSoft(R) Dialogue(TM) and virtual classroom.

    SkillSoft courseware content described herein is for information purposes only and is subject to change without notice. SkillSoft has no obligation or commitment to develop or deliver any future release, upgrade, feature, enhancement or function described in this press release except as specifically set forth in a written agreement.

    SkillSoft, the SkillSoft logo, SkillPort, Search-and-Learn, SkillChoice, Books24x7, ITPro, BusinessPro, OfficeEssentials, GovEssentials, EngineeringPro, FinancePro, AnalystPerspectives, ExecSummaries, ExecBlueprints, Express Guide and Dialogue are trademarks or registered trademarks of SkillSoft PLC in the United States and certain other countries. All other trademarks are the property of their respective owners, countries.

    SkillSoft PLC

    CONTACT: Company Contact, Tom McDonald Chief Financial Officer of
    SkillSoft PLC, +1-603-324-3000, x4232; or Investor Contacts, Michael Polyviou,
    or Brendan Lahiff of Financial Dynamics for SkillSoft PLC, +1-212-850-5600

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

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