Companies news of 2008-08-25 (page 2)
Jinpan International Reports Second Quarter 2008 Financial Results- 2Q08 Sales Increases...
CACI Recognized as a Leader in Corporate LearningFour-year Study Rates Company in Top Tier...
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Jinpan International Reports Second Quarter 2008 Financial Results- 2Q08 Sales Increases 26.7% to $40.6 Million -- 2Q08 Net Income Increases 47.4% to $6.0 Million -
ENGLEWOOD CLIFFS, N.J., Aug. 25 /PRNewswire-FirstCall/ -- Jinpan International Ltd. , a leading designer, manufacturer, and marketer of cast resin transformers for voltage distribution equipment, today announced consolidated financial results for the quarter ended June 30, 2008.
Total sales for the second quarter reached $40.6 million, a 26.7% increase over total sales of $32.1 million for the same period last year. The increase in sales was primarily a result of strong demand for the Company's cast resin transformers, both in China and internationally. International sales in the second quarter increased 163% to $5.0 million, or 12.3% of total sales compared to $1.9 million, or 6% of total sales, for the same period last year. Cast resin transformers, switch gears & unit substations represented $37.0 million of sales in the second quarter while wind transformers and wind reactor products represented $3.6 million of total sales.
Gross profit in the second quarter was $13.8 million, a 29.7% increase over the same period last year. Second quarter gross margin increased 80 basis points to 34.1%, compared to 33.3% in the same period last year. The increase in gross margin was primarily due to increased sales of higher margin, customized transformer and wind power products.
Selling and administrative expenses in the second quarter of 2008 were $7.0 million, or 17.3% of sales, compared to $5.5 million, or 17.0% of sales, in the same period last year. Selling and administrative expenses increased slightly primarily due to new facility expansion initiatives.
Operating income in the second quarter of 2008 increased to $6.8 million, or 16.8% of sales, compared to $5.2 million, or 16.2% of sales in the same period last year.
Net income for the second quarter of 2008 increased 47.4% to $6.0 million, or $0.74 per diluted share, compared to $4.1 million, or $0.51 per diluted share, in the same period last year. Second quarter net income as a percentage of sales increased 210 basis points to 14.9% from 12.8% in the same period last year.
Mr. Zhiyuan Li, Chief Executive Officer of Jinpan, commented, "We made excellent progress in our business in the second quarter. We acheived sales increases for our core cast resin transformer products; we grew sales in both our domestic and international businesses; and demand for our wind power applications continued to gain healthy momentum. In spite of higher raw material costs, we were able to increase our gross margin 80 basis points largely due to increased sales of higher margin, customized cast resin transformer and wind power products.
During the quarter, we commenced operations at our new 267,000 square foot manufacturing facility in Wuhan. This facility is centrally located, closer to our material suppliers and provides easy access to highways and railroads."
On the balance sheet for the second quarter of 2008, construction in progress and short-term bank loans increased primarily due to the Company's recent acquisition of a new manufacturing site in Shanghai.
Accounts receivable at June 30, 2008, increased to $57.0 million from $43.0 million as of December 31, 2007 largely due to the increase in total sales.
Inventories at June 30, 2008 were valued at $33.2 million, a slight decrease from the end of the first quarter of 2008 and a 29% increase from the end of the fourth quarter of 2007.
Acquisition of Shanghai Manufacturing Site
On June 18, 2008, the Company purchased land for a new manufacturing facility located in the Shanghai Qinpu Industrial Park, in Shanghai, China. This site covers an area of 764,384 square feet and is zoned for industrial use. The site contains several partially completed buildings designed for manufacturing which were never completed because the previous owner was in the process of constructing the buildings when it filed for bankruptcy. The purchase price of this site was approximately $9.3 million plus administrative fees associated with the closing. To fund this purchase, the Company secured a bank loan of approximately $5.8 million and also used approximately $3.5 million of cash from its balance sheet.
Mr. Li continued, "We are excited to be acquiring a site in the Shanghai region. Purchasing the manufacturing site that contained partially completed buildings saves us significant time and construction related expenses. At the Shanghai facility, we plan to focus on the production of complementary power distribution products primarily for wind power applications, which is the fastest growing segment of our business.
2008 Financial Outlook
The Company reiterates its 2008 outlook of sales of approximately $155 million, which represents a 30% increase over 2007 sales of $119.6 million, and net income of approximately $21.4 million, or approximately $2.64 per diluted share, which represents a 30% increase over 2007 net income of $16.4 million, or $2.03 per diluted share. These forecasts include the sales contributions from the recently opened Wuhan manufacturing facility.
Mr. Li continued, "We are positioning our business for continued growth in the areas of cast resin transformers, integrated assembly products (switchgears and unit substations) and wind transformer and reactor products. With respect to operations of each of our manufacturing facilities, our Haikou facility will primarily focus on manufacturing high-end customized transformer products; our Wuhan facility will primarily focus on manufacturing standard cast resin transformers and our future Shanghai facility will primarily focus on manufacturing wind power products (transformers and reactors) and sophisticated switchgears and substation units, all of which are currently being manufactured at our Haikou facility.
The initiatives we have in place today will better position us for growth in the future. We continue to focus on expanding our market share within China's growing electrical infrastructure market, investing in new state-of-the-art facilities to increase manufacturing capacity and efficiency, and developing high margin power generation products for existing and new geographic regions. We are encouraged by our progress and look forward to continued future success," concluded Li.
About Jinpan International Ltd.
Jinpan International Ltd. designs, manufactures, and markets cast resin transformers for voltage distribution equipment in China and other various countries around the world. Jinpan's cast resin transformers allow high voltage transmissions of electricity to be distributed to various locations in lower, more usable voltages. The Company has obtained ISO9001 and ISO1401 certifications of its cast resin transformers. Its principal executive offices are located in Hainan, China and its U.S. headquarters is based in Englewood Cliffs, New Jersey.
Safe Harbor Provision
Forward Looking Statements "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and observations and involve known and unknown risks, uncertainties or other factors not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, the following:
-- our ability to successfully implement our business strategy;
-- the impact of existing and new competitors in the markets in which we
compete, including competitors that may offer less expensive products
and services, more desirable or innovative products or technological
substitutes, or have more extensive resources or better financing;
-- the effects of rapid technological changes and vigorous competition in
the markets in which we operate;
-- uncertainties about the future growth in electricity consumption and
infrastructure development in the markets in which we operate;
-- uncertainties about the degree of growth in the number of consumers in
the markets in which we operate using mobile personal communications
services and the growth in the population in those areas;
-- other factors or trends affecting the industry generally and our
financial condition in particular;
-- the effects of the higher degree of regulation in the markets in which
we operate;
-- general economic and political conditions in the countries in which we
operate or other countries which have an impact on our business
activities or investments;
-- the monetary and interest rate policies of the countries in which we
operate;
-- changes in competition and the pricing environments in the countries in
which we operate;
-- exchange rates; and
-- other factors listed from time to time in the our filings with the
Securities and Exchange Commission, including, without limitation, our
Annual Report on Form 20-F for the period ended December 31, 2006 and
our subsequent reports on Form 6-K.
Jinpan International Limited and Subsidiaries
Consolidated Statements of Income (unaudited)
For the Three and Six Month Periods Ended June 30, 2008
Three Three Six Six
months months months months
ended ended ended ended
June 30 June 30 June 30 June 30
2008 2007 2008 2007
(In thousands, except per US$ US$ US$ US$
share data)
Net sales 40,604 32,056 64,402 48,289
Cost of Goods Sold (26,767) (21,386) (43,106) (32,869)
Gross Margin 13,837 10,670 21,296 15,420
Operating Expenses
Selling and administrative (7,033) (5,463) (11,503) (8,418)
Operating income 6,804 5,207 9,793 7,002
Interest Expenses (291) (188) (470) (246)
Other Income 187 6 371 194
Income before income taxes 6,700 5,025 9,694 6,950
Income taxes (667) (933) (1,261) (1,258)
Income before minority interest 6,033 4,092 8,433 5,692
Minority Interest - - - -
Net income 6,033 4,092 8,433 5,692
Earnings per share
-Basic US$0.76 US$0.51 US$1.06 US$0.71
-Diluted US$0.74 US$0.51 US$1.03 US$0.70
Weighted average number of
shares
-Basic 7,984,147 7,971,336 7,984,147 7,971,336
-Diluted 8,152,304 8,083,467 8,152,304 8,083,467
Jinpan International Limited and Subsidiaries
Consolidated Balance Sheets (unaudited)
As of June 30, 2008
30-Jun 31-Dec
2008 2007
US$ US$
Assets
Current assets:
Cash and cash equivalents 11,366 17,122
Investment available for sales 1,424 193
Accounts receivable, net 57,026 43,026
Inventories 33,219 25,743
Prepaid expenses 12,790 7,943
Other receivables 2,944 2,969
Total current assets 118,769 96,996
Property, plant and equipment, net 10,037 9,031
Construction in progress 14,372 2,889
Intangible asset-Goodwill 12,757 11,549
Deferred tax assets 571 807
Total assets 156,506 121,272
Liabilities and Shareholders' Equity
Current liabilities:
Short term bank loans 23,766 9,874
Accounts payable 9,875 6,372
Income tax 2,024 2,353
Advance from customers 5,849 4,638
Other Payable 19,054 15,292
Total current liabilities 60,568 38,529
Shareholders' equity:
Common stock, US$0.009 par value:
Authorized shares - 20,000,000
Issued and outstanding shares - 73 73
8,186,617 in 2008 and 8,186,617 in 2007
Common Stock, Warrants 854 854
Convertible preferred stock, US$0.009
par value:
Authorized shares - 1,000,000
Issued and outstanding shares - 1 1
6,111 in 2007 and 2006
Additional paid-in capital 33,938 33,938
Reserves 3,905 3,905
Retained earnings 49,786 39,659
Accumulated other comprehensive income 8,170 5,102
96,727 83,532
Less: Treasure shares at cost, common (789) (789)
stock - 206,470 in 2008 and 206,470
in 2007
Total shareholders' equity 95,938 82,743
Total liabilities and shareholders'
equity 156,506 121,272
Jinpan International Limited and Subsidiaries
Consolidated Statements of Cash Flows
For the Six Months Ended June 30, 2008
(Unaudited)
Six Six
months months
ended ended
June 30 June 30
2008 2007
Operating activities
Net income 8,433 5,692
Adjustments to reconcile net income to
net cash provided by/(used in) operating activities:
Depreciation 632 545
Provision for Doubtful Debt (282) 67
Loss/(Gain) on disposal of fixed assets 1 (13)
Deferred Income Tax 277 -
Stock-based compensation cost 184
Changes in operating assets and liabilities
Accounts receivable (10,639) (10,060)
Notes receivable 182 (546)
Inventories (5,662) (487)
Prepaid expenses (4,209) 578
Other receivables 25 (991)
Accounts payable 3,003 (2,718)
Note Payable - (1,037)
Income tax (463) 360
Advance from customers 888 1,368
Other liabilities 2,706 3,918
Net cash provided by/(used in) operating activities (4,924) (3,324)
Investing activities
Purchases of property, plant and equipment (1,055) (815)
Proceeds from sales of property, plant and equipment 2 40
Payment for construction in progress (10,952) (1,675)
Purchase of available-for -sales securities (1,180) (489)
Net cash provided by (used in) investing activities (13,185) (2,939)
Financing activities
Proceeds from bank loan 17,436 3,575
Repayment of bank loan (4,580) (3,274)
Proceeds from exercise of stock options - 27
Decrease in Minority Interest - (1,084)
Acquired minority interest - (11,000)
Dividends paid (967) (964)
Net cash provided by/(used in) financing activities 11,889 (12,720)
Effect of exchange rate changes on cash 464 229
Net increase/(decrease) in cash and cash equivalents (5,756) (18,754)
Cash and cash equivalents at beginning of year 17,122 34,115
Cash and cash equivalents at end of period 11,366 15,361
Interest paid 544 193
Income taxes paid 1,715 906
Jinpan International Ltd.
CONTACT: Mark Du, Chief Financial Officer, Jinpan International Ltd., +1-201-227-0680; or Bill Zima, ICR, Inc., +1-203-682-8200
Web site: http://www.jstusa.net/
CACI Recognized as a Leader in Corporate LearningFour-year Study Rates Company in Top Tier of Organizations That Use Efficient, High-impact Learning Strategies to Help Drive Business Success
ARLINGTON, Va., Aug. 25 /PRNewswire-FirstCall/ -- CACI International Inc announced today that it has been named by Bersin & Associates as a High Impact Learning Organization (HILO), one of just 80 organizations out of nearly 800 studied over four years. In its report, Bersin identifies CACI as a leader in implementing best practices in corporate learning programs, noting that CACI exceeds industry averages in 17 areas that strongly correlate to efficiency and business success. Bersin is the only research and advisory services firm focused solely on research in enterprise learning and personnel management.
CACI's strategic focus on integrating education and skills development spans decades. The company takes great pride in maintaining strong educational programs that help employees enhance their careers and serve their clients' most critical missions.
CACI's learning initiatives include its award-winning CACI Virtual University (CVU). CVU unifies CACI corporate training programs under one organization, including classroom courses, onsite workshops, interactive electronic training, and online programs. CVU offers a wide range of courses that CACI business managers and training coordinators can use to manage training requirements and to support professional certifications for all employees. CACI also offers a robust tuition reimbursement program.
CACI's Career Development Program is another education-related initiative that reflects the company's long-standing cultural commitment to providing employees with the best career opportunities. The program offers innovative tools and resources to guide employees in developing and completing their careers at CACI.
According to Bill Fairl, CACI President of U.S. Operations, "At CACI, education is a corporate strength. We view it as foundational to today's work force. We invest in education and training so CACI employees can grow in knowledge and expertise, be challenged with exciting work, and advance within our organization."
Paul Cofoni, CACI President and Chief Executive Officer, said, "Employee development is a cornerstone of CACI's business. Our growth strategy is based on providing clients with the services and solutions they need to solve their most complex problems. CACI's corporate learning programs support this strategy by enabling us to offer the best, most skilled, and highly qualified employees for our clients' important missions."
CACI International Inc provides the professional services and IT solutions needed to prevail in today's defense, intelligence, homeland security, and federal civilian government arenas. We deliver enterprise IT and network services; data, information, and knowledge management services; business system solutions; logistics and material readiness; C4ISR integration services; information assurance, information operations, and cyber security services; integrated security and intelligence solutions; and program management and SETA support services. CACI services and solutions help our federal clients provide for national security, improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. We add value to our clients' operations, increase their skills and capabilities, and enhance their missions. CACI is a member of the Fortune 1000 Largest Companies of 2007 and the Russell 2000 index. CACI provides dynamic careers for approximately 12,100 employees working in over 120 offices in the U.S. and Europe. CACI is the IT provider for a networked world. Visit CACI on the web at http://www.caci.com/.
There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the following: regional and national economic conditions in the United States and the United Kingdom, including conditions that result from terrorist activities or war; changes in interest rates; currency fluctuations; failure to achieve contract awards in connection with recompetes for present business and/or competition for new business; the risks and uncertainties associated with client interest in and purchases of new products and/or services; continued funding of U.S. government or other public sector projects, based on a change in spending patterns, or in the event of a priority need for funds, such as homeland security, the war on terrorism or rebuilding Iraq; government contract procurement (such as bid protest, small business set asides, etc.) and termination risks; the results of government investigations into allegations of improper actions related to the provision of services in support of U.S. military operations in Iraq; individual business decisions of our clients; paradigm shifts in technology; competitive factors such as pricing pressures and/or competition to hire and retain employees (particularly those with security clearances); material changes in laws or regulations applicable to our businesses, particularly in connection with (i) government contracts for services, (ii) outsourcing of activities that have been performed by the government, (iii) competition for task orders under Government Wide Acquisition Contracts ("GWACs") and/or schedule contracts with the General Services Administration; and (iv) accounting for convertible debt instruments; our own ability to achieve the objectives of near term or long range business plans; and other risks described in the company's Securities and Exchange Commission filings.
Corporate Communications and Media:
Jody Brown, Executive Vice President, Public Relations
(703) 841-7801, jbrown@caci.com
Investor Relations:
David Dragics, Senior Vice President, Investor Relations
(866) 606-3471, ddragics@caci.com
CACI International Inc
CONTACT: Corporate Communications and Media: Jody Brown, Executive Vice President, Public Relations, +1-703-841-7801, jbrown@caci.com; or Investor Relations: David Dragics, Senior Vice President, Investor Relations, +1-866-606-3471, ddragics@caci.com, both of CACI International Inc
Web site: http://www.caci.com/
Verizon FiOS TV Broadens Multicultural Content With 14 New In-Language Channels From World TVNew Content Includes Leading Channels for Arabic, Portuguese and Russian Audiences, Among Others
NEW YORK, Aug. 25 /PRNewswire/ -- As part of Verizon's continual expansion of its FiOS TV channel lineup, the company announced Monday (Aug. 25) that it has started adding 14 new multicultural channels from World TV. The channels, broadcast in eight different languages, offer a diverse mix of programming to FiOS TV subscribers.
"This new programming from around the world is part of what makes FiOS TV the ultimate home-entertainment experience," said Terry Denson, vice president -- FiOS TV content and programming. "It also helps to expand our multicultural channel lineup, making FiOS TV an outlet for emerging and independent networks to showcase their diverse content."
The 14 new channels come from World TV, a division of content management and delivery company GlobeCast, which previously signed a distribution deal with Verizon for top-tier international channels.
Verizon has already launched the 14 new channels in New York, northern New Jersey, Massachusetts and Rhode Island, and will launch them in all remaining FiOS TV regions during the next few months. The new channels are:
-- Kuwait TV and MBT (Arabic)
-- BN and NTV Hayat (Balkan)
-- KISB4 - CBS, KISB5 - MBN and KISB7 - Sky Baduk (Korean)
-- CTN and TVK (Cambodian)
-- Pro TV and RSC1 (Romanian)
-- RTR Planeta (Russian)
-- Public TV of Armenia (Armenian)
-- RTPi (Portuguese)
Verizon FiOS TV already offers an extensive lineup of multicultural content -- including premium international channels from Poland, China, Japan and India -- in addition to a Spanish-language package called La Conexion, which offers more than 25 Spanish-language channels. FiOS TV also provides a growing selection of premium international channels broadcast in multiple languages, including Chinese, Korean, Farsi, French, Hindi, Italian, Japanese, Tagalog and Vietnamese.
FiOS TV is delivered over the nation's most advanced fiber-optic network straight to customers' homes and businesses, providing stunning picture-and-sound quality, numerous high-definition (HD) and video-on-demand (VOD) choices, a broad spectrum of content diversity, and exciting interactive features that set it apart from cable offerings.
FiOS TV offers a broad collection of all-digital programming, with more than 400 total channels and 11,000 VOD titles, 70 percent of which are free. The VOD library also includes an increasing number of HD titles, and Verizon plans to have 1,000 HD VOD titles per month by the end of the year. FiOS TV is currently available to more than 7 million homes in 13 states.
For more information on FiOS TV, consumers can visit http://www.verizon.com/fiostv or call their local Verizon sales office or 888-438-3467. For customer service support in Chinese (Mandarin or Cantonese), consumers can call 888-878-9188 (East Coast) or 800-483-8688 (West Coast); Korean: 800-483-7772; Russian: 877-250-7400; Spanish: 800-560-4652; and Vietnamese (West Coast only): 800-483-2262.
Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving nearly 69 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employs a diverse workforce of more than 228,600 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit http://www.verizon.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon
CONTACT: Heather Wilner (FiOS TV), +1-212-321-8333, heather.b.wilner@verizon.com, or Ellen Yu (Multicultural Marketing) +1-908-559-3496, ellen.yu@verizon.com, both of Verizon
Web Site: http://www.verizon.com/ http://www.verizon.com/fiostv http://www.verizon.com/news
Company News On-Call: http://www.prnewswire.com/comp/094251.html
VZillion, Inc. Completes Merger; Commences Trading Under Symbol 'VZIL'
MIAMI, Aug. 25 /PRNewswire-FirstCall/ -- VZillion, Inc. (http://www.vzillion.com/) , an emerging developer of internet-based environments, announced today that it consummated a merger with a Nevada corporation also named VZillion, Inc., and has traded over-the-counter on the Pink Sheets (http://www.pinksheets.com/) under the symbol "VZIL." The Company merged with VZillion, Inc. of Nevada in July of 2007 and has spent the past twelve months developing and adding content to its virtual internet environment.
"With the reverse merger completed and access to the U.S. capital markets, we are poised for a period of exceptional growth," said Antonio Collier, president of VZillion. "We can now focus our efforts towards expanding the market reach of our advanced technology designed to allow customers to interact in a virtual world that is both safe and user-friendly."
VZillion has already started conversations about collaborations with several major music, entertainment and professional networking companies that it will be hoping to announce over the coming weeks and months.
About VZillion, Inc.
Founded in 2006 and set for public launch in October of 2008, the VZillion platform is a Web 4.0 VirtuReal (real entity with virtual representation) environment that smashes through traditional, flat, 2-D web pages to create a 3-D personal Internet experience that makes the web come alive. Far beyond a new application, VZillion is an entirely new Internet world. Offering mind-blowing capabilities, VZillion provides tremendous opportunity for individuals, businesses, education providers, entrepreneurs, and others to develop a VirtuReal presence within the environment.
Safe Harbor Statement
Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.
VZillion, Inc.
CONTACT: Media Relations, Denyse Dabrowski of Avalanche Strategic Communications, +1-201-488-0049, denyse@avalanchepr.com, for VZillion, Inc.
Web site: http://www.vzillion.com/
Roger J. Heinz to Lead Tellabs Global Sales and ServicesExecutive Brings Global Sales Experience and Industry Insight to Key Role
NAPERVILLE, Ill., Aug. 25 /PRNewswire-FirstCall/ -- Tellabs named Roger J. Heinz, 45, executive vice president of global sales and services, effective Sept. 15. A top telecom industry executive, Heinz has more than 20 years of experience, primarily at Alcatel-Lucent and its predecessors.
At Tellabs, Heinz will be responsible for sales and services globally. He will lead key growth initiatives, new business development and strategies to gain market share. He will head Tellabs' Global Sales and Services organization of more than 1100 people, which is focused on mobile and fixed- line service providers.
"Heinz has a consistent track record of finding solutions to customers' business challenges and delivering value to help customers succeed," said Rob Pullen, Tellabs president and chief executive officer. "His international experience, background in multiple disciplines, deep understanding of technology and keen industry insight will benefit Tellabs and our customers."
Heinz recently served at Alcatel-Lucent as president of the IP-NGN (Internet Protocol-Next Generation Networks) core business unit. He has held a series of leadership positions including sales, marketing and business development.
He holds a B.S. in electrical engineering from the University of Illinois and an M.S. in electrical engineering from Cornell University.
Editor's note: a biography and photograph of Roger J. Heinz is available at http://www.tellabs.com/about/bios/rheinz.pdf.
Tellabs advances telecommunications networks to meet the evolving needs of users. Solutions from Tellabs enable service providers to deliver high-quality voice, video and data services over wireline and wireless networks around the world. Tellabs is part of the NASDAQ Global Select Market, Ocean Tomo 300(TM) Patent Index and the S&P 500. http://www.tellabs.com/
Tellabs and Tellabs logo are registered U.S. trademarks of Tellabs Operations, Inc. in the United States and/or in other countries. Any other company or product names mentioned herein may be trademarks of their respective companies.
Tellabs
CONTACT: Media, George Stenitzer, +1-630-798-3800, george.stenitzer@tellabs.com, or Investors, Tom Scottino, +1-630-798-3602, tom.scottino@tellabs.com, both of Tellabs
Web site: http://www.tellabs.com/
China and U.S. Compete for Most Visitors to Official Beijing 2008 Olympic Web SiteEnglish Speaking Countries Account for Approximately 40 Percent of Visitors to Chinese Web Site
RESTON, Va., Aug. 25 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world, today released a study of global visitation to Beijing2008.cn, the official Web site of the 2008 Olympic Games in Beijing, China. The site offers Olympic content in five languages: Mandarin, English, French, Spanish and Arabic. The study, which examined the global breakdown of visitors to the site during the first ten days of competition (August 8-17, 2008), revealed a tight race between China and the United States, with China taking the gold.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO)
Beijing2008.cn attracted 16.5 million visitors during the first ten days of the Olympics, with China accounting for 4.3 million visitors (25.7 percent), slightly edging out the United States with 4.1 million visitors (24.8 percent). Canada ranked third with 937,000 visitors (5.7 percent), followed by the United Kingdom with 853,000 (5.2 percent) and Australia with 463,000 (2.8 percent). Interestingly, English-speaking countries represented four out of the top five countries and approximately 40 percent of total visitors to the site.
Beijing2008.cn Visitors by Country
August 8-17, 2008
Total Worldwide, Age 15+ - Home & Work Locations
Source: comScore World Metrix
Unique Visitors Share of Unique
(000) Visitors
Total Visitors to Beijing2008.cn 16,546 100.0%
China 4,260 25.7%
United States 4,104 24.8%
Canada 937 5.7%
United Kingdom 853 5.2%
Australia 463 2.8%
France 457 2.8%
India 359 2.2%
Japan 306 1.8%
South Korea 280 1.7%
Taiwan 170 1.0%
"It's exciting to see that the official Chinese Olympics site was built in a variety of languages so as to attract visitors from across the globe," said comScore Chairman Gian Fulgoni. "Once again the Internet, like the Olympic Games itself, shows that we are truly becoming a world without borders."
Beijing2008.cn Visitors by Global Region
August 8-17, 2008
Total Worldwide, Age 15+ - Home & Work Locations
Source: comScore World Metrix
Unique Visitors Share of Unique
(000) Visitors
Total Visitors to Beijing2008.cn 16,546 100.0%
Asia-Pacific 7,508 45.4%
North America 5,041 30.5%
Europe 2,696 16.3%
Middle East-Africa 677 4.1%
Latin America 625 3.8%
Of all global regions, the Asia-Pacific region accounted for the most visitors to the site with 7.5 million (45.4 percent), followed by North America with 5 million (30.5 percent) and Europe with 2.7 million (16.3 percent).
About comScore
comScore, Inc. is a global leader in measuring the digital world and preferred source of digital marketing intelligence. For more information, please visit http://www.comscore.com/boilerplate.
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comScore, Inc.
CONTACT: Andrew Lipsman of comScore, Inc., +1-312-775-6510, press@comscore.com
Web site: http://www.comscore.com/
Next Inning Technology Updates Outlooks for Cisco, Flextronics, Intel, and Taiwan Semiconductor Manufacturing Company
PRINCETON, N.J., Aug. 25 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), a subscription service focused on semiconductor and technology stocks, announced it has updated outlooks for Cisco , Flextronics , Intel , and Taiwan Semiconductor Manufacturing Company .
Next Inning published an extensive strategy review by editor Paul McWilliams that provides readers with a unique insight into the macroeconomic landscape for technology companies and his views as to when we can expect the next rally. In this report, he outlines exactly why tech stocks have come under pressure recently and what stocks he thinks investors should buy now in preparation for the next rally. Investors who accept our 21-day free trial offer will receive our earnings previews for this week. To accept this invitation, click or copy/paste the following link into your browser's address bar:
https://www.nextinning.com/subscribe/index.php?refer=prn704
In a special report, McWilliams wrote: "CEO Paul Otellini has done an absolutely brilliant job of reversing Intel's fortunes... The result is that Intel today is operating at the peak of its game operationally, in product design, in fabrication and in field execution. However, Wall Street has yet to take notice..."
McWilliams also looks at these topics:
-- McWilliams advised readers to buy Cisco ahead of its earnings report when it was trading below $22. Is Cisco still a buy today?
-- Why does McWilliams believe Wall Street is too focused on risk factors in its view of Flextronics?
-- McWilliams suggested readers take profits on Intel May 19th. Does he think it's time to buy again now?
-- Why does McWilliams believe TSMC's value proposition is destined to improve going forward?
Founded in September 2002, Next Inning's model portfolio has returned 224% since its inception versus 86% for the Nasdaq.
About Next Inning:
Next Inning is a subscription financial newsletter focused on technology stocks. Editor Paul McWilliams is a 20+-year industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcie Martin Next Inning Technology Research, +1-888-278-5515
Indie Research Advisors, LLC
CONTACT: Marcie Martin of Next Inning Technology Research, +1-888-278-5515
Web site: http://www.nextinning.com/
Verizon Wireless Shows Off Its BlitzNew Handset Charges Onto The Nation's Most Reliable Wireless Network
BASKING RIDGE, N.J., Aug. 25 /PRNewswire/ -- Just in time for back to school, the builder and operator of the nation's most reliable wireless network announced today that the Verizon Wireless Blitz(TM) is available online at http://www.verizonwireless.com/ and in Verizon Wireless Communications Stores. Designed for the heaviest of texters, the Blitz comes complete with a slide-out QWERTY keyboard and easy access to a dedicated My Messaging key, making this the must-have phone at schools from coast to coast.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080825/NYM003-a )
The Blitz is a text messaging powerhouse with a 2.2-inch screen -- ideal for browsing the Web or checking e-mail. The phone is a music player ready for any party -- on or off campus. It is equipped with an MP3 player that can access Verizon Wireless' V CAST Music with Rhapsody's library of more than 5 million songs that can be downloaded to a PC and side-loaded with the included USB cable, synchronized with a Bluetooth(R) speaker or played right from the speakerphone. Most music downloaded onto the PC using V CAST Music with Rhapsody is free of digital rights management software, which means the music can be played on multiple devices.
Additional features of the Verizon Wireless Blitz include:
-- Expandable microSD(TM) memory port with up to 4 GB support
-- 1.3 megapixel camera features:
-- Self-timer: off, three, five or 10 seconds
-- Color effects: normal, antique, black and white, and negative
-- Resolution adjustment landscape: 1280 x 960, 640 x 480, 320 x 240,
160 x 120
-- Capture mode: portrait and landscape
-- Dedicated camera key
-- Self-portrait mirror
-- Supported Bluetooth profiles: headset profile, hands-free (car kits)
profile and advanced audio distribution profile (stereo)
-- Media Center-capable -- downloadable games, ringtones, wallpapers,
location-based services and more
-- Mobile Web-capable -- customizable, enhanced wireless access to the
latest in news, sports, weather and more
-- Mobile Email -- access to MSN(R) Hotmail(R), America Online(R) and
Yahoo!(R) e-mail accounts
-- Mobile IM capabilities
-- Picture messaging
-- VZ Navigator(SM) -- get visual and audible directions to thousands of
destinations, locate businesses and other points of interest, get maps
of a location and share directions with others
-- Chaperone(R) Child-capable -- allows the Blitz to have its location
shared with family members via the Chaperone Web site, the Chaperone
Parent application or Child Zone(R) SMS Alerts
-- Speakerphone with dedicated speakerphone key
-- Voice commands
-- Calculator, calendar, alarm clock, world clock, notepad and stopwatch
-- Phonebook with up to 1,000 entries
-- Speed dialing
-- TTY/TDD-capable
-- Display: 220 x 176 pixels, 262K Color TFT
-- Dimensions: 3.5" x 2.6" x 0.7"
-- Weight: 5.1 ounces
-- Headset jack: 2.5 mm
-- SAR: head 1.19 W/kg; body 0.694 W/kg
-- Handset insurance: yes
-- Hearing aid compatibility = M3
-- Usage time: up to 280 minutes or
-- Standby time: up to 280 hours
The Verizon Wireless Blitz is available for $69.99 after a $50 mail-in rebate and a new two-year customer agreement. Customers can sign up for V CAST Music with Rhapsody for a $14.99 monthly subscription.
For more information about Verizon Wireless products and services, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com/.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
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Verizon Wireless
CONTACT: Brenda Boyd Raney of Verizon Wireless, +1-908-559-7518, Brenda.Raney@verizonwireless.com
Web site: http://www.verizonwireless.com/ http://www.verizonwireless.com/multimedia
Northeastern Pennsylvania Residents to Benefit From Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Calling, Data Access, and Music
MOSCOW, Pa., Aug. 25 /PRNewswire/ -- In a continuing effort to provide the best wireless service for Northeastern Pennsylvania residents, Verizon Wireless has expanded its network with two new cell sites in the region in the month of August. The new sites increase coverage and capacity in both Lackawanna and Luzerne Counties. In Lackawanna County, coverage and capacity will increase along Routes 348, 590, 690, as well as Interstate 84 and the Mount Cobb area. In Luzerne County, coverage and capacity will increase along Route 115 between Shades Creek and Blakeslee.
The network expansion is part of an aggressive multi-billion dollar network investment each year (more than $1 billion every 90 days) to stay ahead of the growing demand for Verizon Wireless' voice and data services. Verizon Wireless continues to improve its wireless network in Pennsylvania. So far this year, the company reports it has spent nearly $150 million on new cell sites and other upgrades that give customers clearer reception and fewer dropped calls. Verizon Wireless has invested more than $1.6 billion in Pennsylvania since 2000.
Nationally, the company has invested more than $45 billion since it was formed -- $5.5 billion on average every year -- to offer customers the most reliable service available, including wireless data services such as picture messaging and text messaging and the company's exclusive V CAST service. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones over Verizon Wireless' high-speed EV-DO network. Verizon Wireless' high-speed third generation wireless broadband network has been enhanced with EV-DO Rev. A technology. This enhancement allows customers who use the company's flagship business data service, BroadbandAccess, to interact with Web-based applications, download music over-the-air, access to e-mail, everyday corporate data, the Internet, and more at speeds that are eight to nine times faster than before. For example, BroadbandAccess customers with Rev. A compatible devices can now expect average download speeds of 600 kilobits per second (kbps) to 1.4 megabits per second and average upload speeds of 500-800 kbps, which means customers can download a 1 megabyte e-mail attachment -- the equivalent of a small PowerPoint(R) presentation or a large PDF file -- in about eight seconds and upload the same sized file in less than 13 seconds.
Strong demand for Verizon Wireless services continued during the second quarter of 2008 as the company added 1.5 million net new customers. For the 15th consecutive quarter, Verizon Wireless also led the wireless industry with an all-time high in customer loyalty. The company posted a churn (customer turnover) rate of just 1.1 percent, setting an industry and company record.
Verizon Wireless tests its network and those of its competitors to ensure the Verizon Wireless network remains the nation's most reliable. Nationally, Verizon Wireless' real-life test men and women drive 98 specially equipped vehicles almost 1 million miles annually on interstate, U.S. and state highways as well as major roads and surface streets in high-population areas, based upon U.S. Census counts, to determine if voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/ . To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia .
Verizon Wireless
CONTACT: Brett Marcy, +1-717-231-5340, or Sheldon Jones, +1-215-638-5668, Sheldon.jones@verizonwireless.com, both of Verizon Wireless
Web site: http://www.verizon.com/ http://www.verizonwireless.com/multimedia
Leola, Pennsylvania, Residents to Benefit From Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Calling, Data Access, and Music
LEOLA, Pa., Aug. 25 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local Lancaster County residents in and around Leola, Verizon Wireless has expanded its network with a new cell site. The new site increases coverage and capacity along Route 772, as well as portions of Leola.
The network expansion is part of an aggressive multi-billion dollar network investment each year (more than $1 billion every 90 days) to stay ahead of the growing demand for Verizon Wireless' voice and data services. Verizon Wireless continues to improve its wireless network in Pennsylvania. So far this year, the company reports it has spent nearly $150 million on new cell sites and other upgrades that give customers clearer reception and fewer dropped calls. Verizon Wireless has invested more than $1.6 billion in Pennsylvania since 2000.
Nationally, the company has invested more than $45 billion since it was formed -- $5.5 billion on average every year -- to offer customers the most reliable service available, including wireless data services such as picture messaging and text messaging and the company's exclusive V CAST service. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones over Verizon Wireless' high-speed EV-DO network. Verizon Wireless' high-speed third generation wireless broadband network has been enhanced with EV-DO Rev. A technology. This enhancement allows customers who use the company's flagship business data service, BroadbandAccess, to interact with Web-based applications, download music over-the-air, access to e-mail, everyday corporate data, the Internet, and more at speeds that are eight to nine times faster than before. For example, BroadbandAccess customers with Rev. A compatible devices can now expect average download speeds of 600 kilobits per second (kbps) to 1.4 megabits per second and average upload speeds of 500-800 kbps, which means customers can download a 1 megabyte e-mail attachment -- the equivalent of a small PowerPoint(R) presentation or a large PDF file -- in about eight seconds and upload the same sized file in less than 13 seconds.
Strong demand for Verizon Wireless services continued during the second quarter of 2008 as the company added 1.5 million net new customers. For the 15th consecutive quarter, Verizon Wireless also led the wireless industry with an all-time high in customer loyalty. The company posted a churn (customer turnover) rate of just 1.1 percent, setting an industry and company record.
Verizon Wireless tests its network and those of its competitors to ensure the Verizon Wireless network remains the Nation's most reliable. Nationally, Verizon Wireless' real-life test men and women drive 98 specially equipped vehicles almost 1 million miles annually on interstate, U.S. and state highways as well as major roads and surface streets in high-population areas, based upon U.S. Census counts, to determine if voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/ . To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia .
Verizon Wireless
CONTACT: Brett Marcy, +1-717-231-5340, or Sheldon Jones, +1-215-638-5668, Sheldon.jones@verizonwireless.com, both of Verizon Wireless
Web site: http://www.verizon.com/ http://www.verizonwireless.com/multimedia
Interwoven RecordsManager Enhancements Empower Organizations to Centralize and Automate Their Records Management ProcessesNew Role-Based Capabilities Simplify User Experience and Streamline Records Processes
DALLAS, Aug. 25 /PRNewswire-FirstCall/ -- ILTA 2008 CONFERENCE -- Interwoven, Inc. , a global leader in content management solutions, today announced important enhancements to Interwoven RecordsManager that significantly expand upon Interwoven's strategy of delivering an integrated governance solution for electronic documents and physical records. Interwoven RecordsManager 5.2 adds new out-of-the-box capabilities that provide a highly customized user experience for typical business processes surrounding the efficient management and processing of complex records management operations. The new capabilities in Interwoven RecordsManager simplify the management of records centers, ease the implementation and configuration of the solution, and provide key stakeholders in the records process a user experience finely tuned to their specific roles.
(Logo: http://www.newscom.com/cgi-bin/prnh/20071205/INTWOVLOGO)
More than ever, organizations need to ensure they are following records management and retention policies that comply with regulatory, internal, and client policies. This is no easy task considering the challenges and risks with managing the overwhelming growth of paper and electronic records as well as e-mail, images, and other media. To effectively address the growing regulatory records management requirements, organizations are looking to make it easier for records managers and firm staff to follow firm filing and retention polices, and manage those policies from a single administration system.
"Interwoven RecordsManager delivers on our commitment to continued innovation and leadership in information governance and records management, and allows organizations to achieve higher levels of productivity and compliance," said Neil Araujo, vice president of professional services industry solutions marketing at Interwoven. "With this release, Interwoven has invested significantly in the Interwoven RecordsManager architecture, and we are in the position to accelerate new product innovations that help administrators and the organization as a whole deliver an integrated governance program."
The enhanced version of Interwoven RecordsManager now provides a persona- based interface designed for individual users based on their role within the organization and their interaction with records. Interwoven RecordsManager's updated application designer features significant improvements for the creation and maintenance of forms and reports, which enables intuitive and rapid customization, and deployment of the application. The result is a fully customizable records system that can be tailored for the work processes of the organization. The net benefits of the new improvements are faster and easier deployments, higher productivity for the records staff, lower total cost of ownership, and the ability for the solution to adapt to changing records practices.
"We need to apply consistent governance policies to manage electronic and paper records across our various practice areas, and automate as much of the records retention process as possible so our attorneys can focus on critical client matters," said Shawn Mitkowski, chief information officer at Zuckerman Spaeder. "Interwoven RecordsManager is at the core of our mission to deliver a fully integrated records management system. For our firm, it enables us to comply with frequently changing regulations and guidelines while we continue to provide top notch service to our clients."
About Interwoven RecordsManager
As organizations grow increasingly global, Interwoven RecordsManager enables firms to manage all forms of records: physical, electronic, and e-mail -- even those in other systems -- without losing functionality, collaboration, mobility or the ability to publish and view information. Centralizing policies and management so that compliance is uniform across all offices, this solution places both physical and electronic records under a scheduled retention policy with support for legal holds, archival, destruction, transfer, periodic review, and other customer-defined processes. Interwoven RecordsManager 5.2 is generally available now.
About Interwoven
Interwoven, Inc. is a global leader in content management solutions. Interwoven's software and services enable organizations to maximize online business performance and organize, find, and govern business content. Interwoven solutions unlock the value of content by delivering the right content to the right person in the right context at the right time. Nearly 4,400 of the world's leading companies, professional services firms, and governments have chosen Interwoven, including adidas, Airbus, Amnesty International USA, Avaya, BT, Cisco, Citi, Delta Air Lines, DLA Piper, FedEx, Grant Thornton, Hilton Hotels, HKMP LLP, Hong Kong Trade and Development Council, HSBC, LexisNexis, MasterCard, Microsoft, Samsung, Shell, Sky Italia, Qantas Airways, Tesco, Virgin Mobile, and White & Case. A community of over 20,000 developers and over 300 partners enrich and extend Interwoven's offerings. To learn more about Interwoven, please visit http://www.interwoven.com/.
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Interwoven, Inc.
CONTACT: Randy Cairns of Interwoven, Inc., +1-408-953-7111, rcairns@interwoven.com
Web site: http://www.interwoven.com/
Customers and Analysts Share Broad Support and Excitement for Interwoven's Acquisition of Discovery MiningInterwoven Now Delivering Innovative Solution to Significantly Streamline and Simplify the eDiscovery Process
DALLAS, Aug. 25 /PRNewswire-FirstCall/ -- ILTA 2008 CONFERENCE -- Interwoven, Inc. , a global leader in content management solutions, has received strong validation from its customers and analysts regarding the recent acquisition of eDiscovery provider Discovery Mining. With this acquisition, customers now have access to a comprehensive eDiscovery solution from a recognized market leader with a global footprint, a proven track record of innovation and execution, and a deep commitment to the legal market.
(Logo: http://www.newscom.com/cgi-bin/prnh/20071205/INTWOVLOGO)
"Our key stakeholders see this acquisition as a strategic move for Interwoven, recognizing the industry insight that we'll provide to the eDiscovery market," said Joe Cowan, CEO of Interwoven. "They also recognize the value it can deliver to professional services firms, as we continue to add to our already comprehensive set of content management solutions to organize, find, and govern firm content. We're pleased with the reaction to the acquisition, and we'll continue our laser focus on remaining a trusted partner to the firms who have Interwoven at the core of their practice."
Interwoven Discovery Mining's Software-as-a-Service offering provides a reliable and comprehensive service to process, host, review, and produce discovery documents related to litigation, internal investigations, regulatory responses, and mergers and acquisitions. This further extends Interwoven's offerings -- the legal industry's de facto standard for organizing, finding, and governing matter content -- by adding a service for managing eDiscovery that can:
-- Quickly scale as data volumes increase through a Software-as-a-Service model that eliminates the need for the firm to invest in data processing power;
-- Present data in a way that is simple to review and access via an intuitive interface for ease of use -- users can review and assess information from a web browser with nominal training;
-- Manage and produce data so it can easily be exported to third parties or litigation support systems; and,
-- Offer predictable timeframes and pricing through well-defined methodology and skilled project management teams with proven experience in complex litigation and investigations.
Key Stakeholders Show Strong Support of Acquisition
"Our lawyers -- and even our clients -- see the value of the Interwoven Discovery Mining solution to provide the results needed to get our jobs done quickly and efficiently," said Joan Washburn, director of litigation support for Holland & Knight LLP. "Interwoven's vision for providing firm-wide information management solutions that make firms operate more effectively confirms we made the right decision in selecting Interwoven as a technology partner."
"I am excited at the prospect of having a single technology provider that not only will have the capability to store the firm's documents and e-mails, but also our client's production documents," said Laura Bandrowsky, practice support director for Duane Morris LLP. "Interwoven's acquisition of Discovery Mining is something that every firm who uses document management and eDiscovery solutions will benefit from."
"Growing amounts of digital information combined with ever changing legal regulations across borders makes eDiscovery a challenge for any firm," said Reza Alexander, litigation and practice support manager for DLA Piper UK LLP. "The scale of Interwoven's document and e-mail management capabilities were already robust, and with the addition of Discovery Mining's turnkey solution, DLA Piper can better manage the review of large volumes of electronic information, regardless of language -- with greater consistency and lower costs, whilst at the same time mitigating against the unique and complex European eDiscovery data protection issues."
"Delivering eDiscovery as Software-as-a-Service is one of the best ways to accurately analyze and search large amounts of data in a cost-efficient and timely way, with little to no infrastructure investments for law firms and corporations," said Vivian Tero, Program Manager of IDC. "With Discovery Mining, Interwoven now offers a comprehensive suite dedicated to the professional services industry, and is an important element to defining the future of legal technology solutions."
Discovery Mining Ranked in 2008 Socha-Gelbman Electronic Discovery Survey
Discovery Mining was recently ranked as a Top Provider in the 2008 Socha- Gelbman Electronic Discovery Survey. This report reinforces Interwoven Discovery Mining as a market leader in eDiscovery based on the substantial growth and product innovations made in 2008. The survey includes data from more than 115 organizations in the forefront of e-discovery, including leading law firms and Fortune 1000 corporate legal departments. For more information or to purchase a complete Socha-Gelbman Electronic Discovery Survey, go to http://www.sochaconsulting.com/.
Interwoven will be showcasing the Interwoven Discovery Mining offering, along with its other industry-leading solutions, at the ILTA 2008 Conference in the Dallas area. Conference attendees can find Interwoven and Interwoven Discovery Mining at booth #601 and booth #1223.
About Interwoven
Interwoven, Inc. is a global leader in content management solutions. Interwoven's software and services enable organizations to maximize online business performance and organize, find, and govern business content. Interwoven solutions unlock the value of content by delivering the right content to the right person in the right context at the right time. Nearly 4,400 of the world's leading companies, professional services firms, and governments have chosen Interwoven, including adidas, Airbus, Amnesty International USA, Avaya, BT, Cisco, Citi, Delta Air Lines, DLA Piper, FedEx, Grant Thornton, Hilton Hotels, HKMP LLP, Hong Kong Trade and Development Council, HSBC, LexisNexis, MasterCard, Microsoft, Samsung, Shell, Sky Italia, Qantas Airways, Tesco, Virgin Mobile, and White & Case. A community of over 20,000 developers and over 300 partners enrich and extend Interwoven's offerings. To learn more about Interwoven, please visit http://www.interwoven.com/.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20071205/INTWOVLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Interwoven, Inc.
CONTACT: Randy Cairns of Interwoven, Inc., +1-408-953-7111, rcairns@interwoven.com
Web site: http://www.interwoven.com/ http://www.sochaconsulting.com/
U.S. Army Awards General Dynamics $32 Million for Logistics Support Services
FAIRFAX, Va., Aug. 25 /PRNewswire-FirstCall/ -- General Dynamics Information Technology, a business unit of General Dynamics , has been awarded a contract by the U.S. Army to provide information technology (IT) engineering and professional services within the 1st Theater Sustainment Command's (1st TSC) area of responsibility. The contract has a total potential value of $32.5 million over five years if all options are exercised.
Through this contract, General Dynamics will provide services to support inventory procurement, management and related supply-chain operations. The company will perform Standard Army Retail Supply System (SARSS) logistics analysis and financial reporting and support in-theater Department of Defense Activity Address Code (DoDAAC) managers and coordinators.
The 1st TSC provides acquisition and supply-chain procurement services that support troops in the U.S. Central Command (CENTCOM)/Army Central Command (ARCENT) Southwest Asia Area of Responsibility -- rapidly delivering and transporting supplies to maintain continuity for regional operations.
"General Dynamics' expertise in logistical management, planning and forecasting will enable the 1st Theater Sustainment Command to give in-theater commanders improved access to real-time inventory information, data and analysis that is pivotal to military efforts," said Zannie Smith, vice president and general manager of Army Solutions for General Dynamics Information Technology. "General Dynamics works shoulder-to-shoulder with soldiers abroad, providing rapid and easy access to information regardless of the environment or terrain."
As a trusted systems integrator for more than 50 years, General Dynamics Information Technology provides information technology, systems engineering and professional services to customers in the defense, intelligence, homeland security, federal civilian government and commercial sectors. With 15,000 professionals worldwide, the company manages large-scale, mission-critical IT programs delivering IT services and enterprise solutions. More information about General Dynamics Information Technology is available at http://www.gdit.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. More information about the company is available on the Internet at http://www.generaldynamics.com/.
General Dynamics Information Technology
CONTACT: Mark Meudt of General Dynamics Information Technology, +1-703-246-0525, Fax: +1-703-246-0206, Mark.Meudt@gdit.com
Web site: http://www.gdit.com/ http://www.generaldynamics.com/
TI-84 PLUS SILVER EDITION GRAPHING CALCULATORS IN HOT NEW COLORS KEEP STUDENTS IN STYLETexas Instruments Graphing Calculator Combines Math Success with Personal Fashion for the Ideal Back-to-School Must-Have
DALLAS, Aug. 25 /PRNewswire/ -- Texas Instruments (TI) is making math stylish this back-to-school season by adding additional colors to its line of TI-84 Plus Silver Edition graphing calculators. Students can choose from new, vibrant shades of pink, orange, purple and blue to complement their unique, individual style.
Personal statements of style are important to teens, and the TI-84 Plus Silver Edition empowers students to display their fashion sensibilities with vibrant new colors and unique graphics. Slide cases and interchangeable faceplates are available in a rainbow of colors, allowing students to reflect their style and change their look throughout high school. They can also go online at http://www.timathrocks.com/ to create their own custom slide case decal, or GraphiTI, from photos, graphics or abstract art to complement their current interests.
By purchasing the TI-84 Plus Silver Edition, students can download free college entrance exam test prep questions from The Princeton Review (http://www.timathrocks.com/TPR/freetestprep.php) designed to prepare students for the SAT* and ACT, both of which permit the use of graphing calculators. According to research studies(1), students who use graphing calculators both in the classroom and at home achieve higher scores on standardized exams.
This season's new bold colors may be found at http://www.education.ti.com/us/retailcolors. Additional faceplates, slide cases and online tools to create custom GraphiTI decals online are available at http://www.timathrocks.com/.
In addition to the TI-84 Plus Silver Edition, which is ideal for Pre-Algebra, Algebra, Geometry, Trigonometry, Biology, Chemistry and Physics, students of all ages can also brighten their studies with a colorful TI-30X IIS scientific calculator.
About Texas Instruments
Education Technology, a business of Texas Instruments, provides a wide range of advanced tools connecting the classroom experience with real-world applications and enabling students and teachers to explore math and science interactively. Designed with leading educators and researchers, Texas Instruments educational technology and services are tested against recognized third-party research on effective instruction and improved student learning. Such research shows that use of graphing calculators and wireless classroom networks in the classroom helps teachers implement instructional strategies that lead to student collaboration, higher student interest, engagement and achievement in math. For more than 20 years, TI has worked closely with educators and administrators to develop student-focused curricular and supplemental classroom materials, and it supports the world's largest professional development organization for the appropriate use of educational technology. More information is available at http://www.education.ti.com/.
Texas Instruments helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through manufacturing, design and sales operations in more than 25 countries. For more information, go to http://www.ti.com/.
Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at http://www.ti.com/.
(1) For information about research showing that graphing calculator use
improves students' math skills as well as their attitudes toward math,
visit http://www.education.ti.com/research.
* SAT is a registered trademark of the College Entrance Examination Board.
ACT is a registered trademark of ACT, Inc. None of these were involved
in the production of nor do they endorse this product. Policies subject
to change. Visit http://www.collegeboard.com/ and http://www.act.org/.
Photo: http://www.newscom.com/cgi-bin/prnh/20010105/NEF016LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
Texas Instruments Education Technology
CONTACT: Jacqi Moore of GolinHarris, +1-972-341-2514, jmoore@golinharris.com, for Texas Instruments Education Technology
Web site: http://www.ti.com/ http://www.collegeboard.com/ http://www.act.org/
New Arabic Online Network Unveils Premier Global Television ServiceTalfazat to Stream Top-Rated Live and On-Demand Arabic TV Content
PLAINVIEW, N.Y., and TORONTO, Aug. 25 /PRNewswire/ -- JumpTV Inc. (TSX/AIM: JTV) and NeuLion Inc., leading providers of live and on-demand international and sports programming over the Internet, announced today the launch of a new online service -- http://www.talfazat.com/ -- that delivers the largest selection of live and on-demand Arabic television content available anywhere. Talfazat.com offers Arabs worldwide an opportunity to tune into their favorite live television channels or on-demand programs with a simple Internet connection.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080825/NYM047LOGO )
Talfazat.com features more than 35 of the most popular channels and thousands of hours of video-on-demand from leading Arabic content providers including Dubai TV, LBC, Aljazeera News, Aljazeera English, Rotana, Future TV, New TV, 2M and many others.
Through Talfazat.com, Arab viewers have access to the best and most up to date news, entertainment, top Ramadan shows and series, movies, music-clips and more.
Talfazat.com is a subscription-based service that provides streaming of content to computers and laptops affording users one central place to access leading Arabic-language entertainment. The website displays a customized user experience, easy navigation, superior video quality and a comprehensive selection of popular content from the Middle East and North Africa (MENA) region.
This online video network has been launched in conjunction with Ramadan, a holy month in the Islamic calendar. Talfazat offers over 800 hours of the most popular Ramadan shows and series.
Talfazat comes to the marketplace through the technology and core capabilities of JumpTV and NeuLion. The web streaming powerhouses have collectively launched the most complete online television experience with the ability to best serve Arab market interests. Content can be viewed anywhere, anytime without the need for satellite or cable installation.
Talfazat has exclusive IPTV rights to stream television programming to viewers globally and many of the channels are not offered anywhere else. In the coming months, Talfazat plans to launch a set-top-box that will allow viewers to watch live and on-demand content on the television in addition to the computer. Talfazat will be a multi-platform Arabic service.
"We're excited about the opportunity to serve our Arabic end-users in a way that's unparallel to anything available out there for this community. In terms of the sheer volume and caliber of content available both on a live and on-demand basis, users will appreciate the high quality and affordable price," said Amir Hegazi, general manager of Talfazat.
"Talfazat helps Dubai TV reach new Arab audiences over the Internet worldwide, especially those living outside the Middle East and North Africa region. We're looking forward to the mutual cooperation between the two entities," said Hassan Chahine, CTO of Dubai Media Incorporated.
New Talfazat Packages Include:
-- On-Demand Package is $15 per month for a monthly subscription, $30 for
a three month prepaid subscription and $60 for a six month prepaid
subscription
-- Live TV Package is $20 per month for a monthly subscription, $40 for a
three month prepaid subscription and $80 for a six month prepaid
subscription
-- Super TV Package is $25 per month for a monthly subscription, $50 for
a three month prepaid subscription and $100 for a six month prepaid
subscription
Ramadan Promotion: Receive one month free when a three month plan is purchased. Visit http://www.talfazat.com/ to learn more about the service and promotional packages.
On June 9, 2008, NeuLion announced the signing of an agreement to merge with IPTV leader JumpTV Inc. (TSX, AIM:JTV). The merger is subject to various approvals and is expected to close on or about October 1, 2008. The combined company will have over 200 sports content partners and over 200 international television content partners using the companies' end-to-end IPTV solutions to deliver video content and other new media services to provide multi-platforms including the PC, the television through set top boxes and mobile devices. For complete details visit http://www.neulion.com/news/2008/JumpTV_NeuLion_Merge_Press_Release.pdf
About NeuLion:
NeuLion is an IPTV service provider that builds broadcasting networks operating over the Internet. By using the public Internet, content can reach viewers anywhere in the world. NeuLion Customers are interested in reaching specific markets with a broadcast television and video streaming service or are broadband providers looking for new applications. NeuLion offers an end-to-end service that delivers content directly to the TV, PC or a variety of other consumer devices.
Programming carried by NeuLion includes sports, religious networks, broadcast television from international providers and others. The technology used by NeuLion allows streaming video to be delivered at lower bandwidths than cable and satellite television signals without sacrificing picture quality. NeuLion's service also allows Customers to have their own network. To learn more visit http://www.neulion.com/
About JumpTV:
JumpTV (http://www.jumptv.com/), (TSX/AIM: JTV), is a world leading broadcaster of live and on-demand sports video over the Internet. In the last twelve months, JumpTV streamed more than 15,000 live and exclusive sporting events -- comprised of top college (NCAA), professional and Hispanic sports coverage -- to millions of fans globally. JumpTV also delivers a broad offering of internet services to its partners including web hosting, live event video streaming, ticket management and e-commerce. Through JumpTV's consumer websites: JumpTV.com, Cycling.TV and SportsYa.com, as well as its collegiate and international sports partner websites, JumpTV streams tens of thousands of hours of live and on-demand events and international programming over the Internet each year. JumpTV gives fans a lifeline to their favorite sports content when they want it, how they want it, where they want it, wherever they are in the world. To learn more visit http://www.jumptv.com/
Photo: http://www.newscom.com/cgi-bin/prnh/20080825/NYM047LOGO
NeuLion Inc.; JumpTV Inc.
CONTACT: Amir A. Hegazi, General Manager of Talfazat - JumpTV, +1-416-786-0907, amir@jumptv.com
Web Site: http://www.jumptv.com/ http://www.neulion.com/ http://www.neulion.com/news/2008/JumpTV_NeuLion_Merge_Press_Release.pdf http://www.talfazat.com/
Interwoven and LexisNexis Team Up to Introduce Integrated SolutionIndustry Leaders Combine Strengths in Enterprise Search, Document Management, and Legal Content and Analysis for Streamlined Workflow Approach To Knowledge Management
DALLAS, Aug. 25 /PRNewswire-FirstCall/ -- ILTA 2008 CONFERENCE -- Interwoven, Inc. , a global leader in content management solutions, today announced it has entered into an agreement with global business information solutions provider LexisNexis to integrate and launch Lexis(R) Search Advantage, a new search enrichment offering, with Interwoven Universal Search.
(Logo: http://www.newscom.com/cgi-bin/prnh/20071205/INTWOVLOGO)
The integration of Lexis Search Advantage with Interwoven Universal Search will combine the market leading enterprise search solution for professional service firms with content and services from LexisNexis(R) to provide law firm attorneys a single destination to efficiently find and leverage internal work product and trusted content from LexisNexis. Lexis Search Advantage is available immediately in the U.S. market by LexisNexis.
The agreement supports a growing demand in the legal industry for technology providers to combine expertise to offer more integrated and powerful solutions to help attorneys streamline workflow and productivity. Lawyers today must use a multitude of technology solutions to perform daily functions with little-to-no integration or context between the technologies. This results in a productivity drain that negatively impacts firm profits and can harm client satisfaction due to the inconsistent application of firm best practices.
"To compete and win on a global scale, today's law firms require streamlined technology solutions," said Mike Walsh, CEO U.S. Legal Markets, LexisNexis. "The integrated product offering by LexisNexis and Interwoven is a perfect example of two respected market leaders delivering enhanced workflow capabilities to improve productivity, increase profitability, and stimulate growth."
The combination of the market leading Interwoven Universal Search solution with the new Lexis(R) Search Advantage solution provides law firms with a powerful asset that unifies and integrates access to content across multiple internal and LexisNexis sources, to provide a unique and comprehensive search environment. The benefits to law firms include:
-- Significant streamlined workflow in a more intuitive and efficient manner, driving higher levels of client service and improved profitability
-- Richer contextual search capability with simultaneous searching of all internal documents and LexisNexis services at http://www.lexis.com/. LexisNexis research solutions are used daily by lawyers and relied on as the most authoritative, comprehensive collection of legal, news and business, and risk and analytics content available anywhere
-- Integration of real-time Shepard's Signal(TM) indicators in internal documents instantly allow attorneys to confirm if a case law citation is strong, accurate, and on point. This eliminates several manual steps that lawyers must take to examine current legal validity of a citation
-- Powerful enterprise search technology and Web 2.0-based user experience and navigation to drive a tailored and comprehensive search experience
-- Documents within a firm's content repositories are enriched with additional metadata to enable enhanced identification and improved access to relevant external documents
"This alliance exemplifies the thought leadership Interwoven and LexisNexis have in the legal industry and demonstrates Interwoven's commitment to help solve the complex information management challenges of law firms," said Joe Cowan, CEO at Interwoven. "Customers want their top technology providers to work closely together to drive increased efficiencies, reduce risk, and provide better leverage of their investments. By working together with LexisNexis, we can make a big difference to a fundamental aspect of a law firm's operation."
About LexisNexis
LexisNexis(R) (http://www.lexisnexis.com/) is a leading global provider of business information solutions to a wide range of professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. LexisNexis originally pioneered online information with its Lexis(R) and Nexis(R) services. A member of Reed Elsevier (http://www.reedelsevier.com/), LexisNexis serves customers in more than 100 countries with 13,000 employees worldwide.
About Interwoven Universal Search -- Professional Services Edition
Interwoven Universal Search -- Professional Services Edition is an intuitive search solution uniquely designed to meet the demands and expectations of professional services firms. By providing professionals with a solution for instantly locating important content throughout a firm, Interwoven is delivering a powerful tool to improve firm efficiency and enhance the client experience. Interwoven Universal Search -- Professional Services Edition is powered by Vivisimo Velocity.
About Interwoven
Interwoven, Inc. is a global leader in content management solutions. Interwoven's software and services enable organizations to maximize online business performance and organize, find, and govern business content. Interwoven solutions unlock the value of content by delivering the right content to the right person in the right context at the right time. Nearly 4,400 of the world's leading companies, professional services firms, and governments have chosen Interwoven, including adidas, Airbus, Amnesty International USA, Avaya, BT, Cisco, Citi, Delta Air Lines, DLA Piper, FedEx, Grant Thornton, Hilton Hotels, HKMP LLP, Hong Kong Trade and Development Council, HSBC, LexisNexis, MasterCard, Microsoft, Samsung, Shell, Sky Italia, Qantas Airways, Tesco, Virgin Mobile, and White & Case. A community of over 20,000 developers and over 300 partners enrich and extend Interwoven's offerings. To learn more about Interwoven, please visit http://www.interwoven.com/.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20071205/INTWOVLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Interwoven, Inc.
CONTACT: Randy Cairns of Interwoven, Inc., +1-408-953-7111, rcairns@interwoven.com; or Marc Osborn of LexisNexis, +1-425-460-2158, marc.osborn@lexisnexis.com
Web site: http://www.interwoven.com/ http://www.lexisnexis.com/ http://www.reedelsevier.com/
V CAST Music with Rhapsody and Visual Voice Mail Shine on the Titanium LG Voyager(TM)
BASKING RIDGE, N.J., Aug. 25 /PRNewswire/ -- Verizon Wireless and LG Electronics MobileComm U.S.A., Inc. (LG Mobile Phones) today introduced the LG Voyager(TM) in Titanium -- the newest addition to Verizon Wireless' growing portfolio of touch-screen phones. Boasting the same stylish dual-screen design and features of its predecessor in black, the Voyager in Titanium has a lustrous titanium finish and also supports two of the hottest services from Verizon Wireless -- V CAST Music with Rhapsody and Visual Voice Mail. Customers can order the Voyager in Titanium online at http://www.verizonwireless.com/ or in Verizon Wireless Communications Stores.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080819/NYTU016 )
Customers can access a library of more than 5 million songs with V CAST Music with Rhapsody, purchase full songs over-the-air and download the master copy of the songs to their PCs free of digital rights management software. Customers can also sync favorite tracks, albums and playlists from their PCs to their Titanium Voyagers using the included USB cable.
Visual Voice Mail allows customers to better manage their messages on their new Voyagers. Customers can delete, reply and forward voice mail messages without having to listen to prior messages or voice instructions. Visual Voice Mail is the ideal tool for the busy mobile professional who may need to prioritize which messages he or she listens to first.
The Voyager in Titanium is available for $149.99 after a $50 mail-in rebate with a new two-year customer agreement. The V CAST Music with Rhapsody service is available for $14.99 monthly access and Visual Voice Mail is available for $2.99 monthly access, per line, plus airtime or megabyte charges and messaging fees, depending on a customer's plan.
For more information about Verizon Wireless products and services, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com/.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
About LG Electronics U.S.A., Inc.
LG Electronics, Inc. is a global leader and technology innovator in consumer electronics, home appliances and mobile communications, employing more than 82,000 people working in over 110 operations including 81 subsidiaries around the world. With 2007 global sales of USD 44 billion, LG is comprised of four business units -- Mobile Communications, Digital Appliance, Digital Display and Digital Media. LG is the world's leading producer of mobile handsets, flat panel TVs, air conditioners, front-loading washing machines, optical storage products, DVD players and home theater systems. For more information, please visit http://www.lge.com/.
About LG Electronics Mobile Communications Company
LG Electronics Mobile Communications Company is the world's leading provider of UMTS (WCDMA), CDMA and GSM handsets, which have been designed to improve the value of customer life. With a total range of wired and wireless solutions, the company is rapidly establishing a global presence and growing its international market share in 3G handsets. For more information please visit http://www.lgusa.com/.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080819/NYTU016 AP Archive: http://photoarchive.ap.org/ AP PhotoExpress Network: PRN3 PRN Photo Desk, photodesk@prnewswire.com
Verizon Wireless
CONTACT: Brenda Boyd Raney of Verizon Wireless, +1-908-559-7518, Brenda.Raney@verizonwireless.com; or Demetra Kavadeles of LG Mobile Phones, +1-858-635-5232, dkavadeles@lge.com; or Lana Rushing of Ogilvy PR for LG Mobile Phones, +1-310-248-6183, lana.rushing@ogilvypr.com
Web site: http://www.verizonwireless.com/ http://www.lge.com/ http://www.lgusa.com/
Verizon Wireless Investing More Than $100 Million in Upstate New York Network Enhancements in 200880 New Cell Sites to be Activated Region-Wide; Wireless Broadband Continues to Expand: Coverage Coming To Northway in Adirondack Park
ROCHESTER, N.Y., Aug. 25 /PRNewswire/ -- Verizon Wireless announced today that, for the eighth consecutive year, the company will invest more than $100 million in network enhancements throughout Upstate New York in 2008, including the addition of 80 new cell sites throughout the region. This investment brings Verizon Wireless' total network investment in Upstate New York to more than $1 billion since 2000 -- significantly more than any other wireless company.
In addition to the new cell sites, the company is also continuing to expand BroadbandAccess, its high-speed wireless broadband network, across the region and is working on a project to bring wireless coverage to a nearly 50-mile stretch of Interstate 87 between Albany and Plattsburgh.
"Investment in our network is an investment in customer satisfaction," said Marquett Smith, president of the company's Upstate New York Region. "Providing an outstanding customer experience starts with the network and customers continue to choose Verizon Wireless because they know their wireless device is only as reliable as the network it's on."
The regional investment is part of a more than $5.5 billion average annual investment nationwide -- more than $45 billion invested since the company was formed.
Expanding BroadbandAccess coverage
The company recently expanded BroadbandAccess, its high-speed wireless data service, into Jefferson, St. Lawrence, Delaware, Otsego, Chautauqua and Cattaraugus Counties, and continues to build out its BroadbandAccess coverage areas throughout the region. By year end, the company plans to have 96% of the Upstate New York population and 73% of the region's geographical area covered by third generation EV-DO technology.
Verizon Wireless customers throughout much of New York State can now enjoy an untethered mobile office experience, enabling them to wirelessly access the Internet, email and other data on their laptop computers at faster speeds, and download music, watch videos and play 3D games on their phones. BroadbandAccess provides average download speeds of 600 kilobits per second (kbps) to 1.4 megabits per second and average upload speeds of 500-800 kbps, translating to being able to download a 1 Megabyte e-mail attachment -- the equivalent of a small PowerPoint(R) presentation or a large PDF file -- in about eight seconds and upload the same-sized file in less than 13 seconds.
Verizon Wireless' wireless broadband network now stretches across Western, Central and Eastern New York from Lake Erie to the Hudson River Valley, including the cities of Buffalo, Rochester, Syracuse, Utica/Rome, Albany, Jamestown, Elmira/Corning, Ithaca, Binghamton, Watertown, Canton/Potsdam, Glens Falls, Poughkeepsie and into the New York City area, as well as hundreds of towns and villages across the state.
Bringing coverage to the Northway
Last year, Verizon Wireless unveiled its plan to bring wireless service to the Northway corridor within the Adirondack Park by building 13 new cell sites in six communities. To date, four sites have been approved and the company expects to have them in service by the end of the year. Applications for the remaining cell sites will be submitted upon completion.
In addition to building new sites and expanding its network coverage and capacity, the company also continues to invest in redundancy capabilities designed to keep the network operating during power outages and in its rigorous quality assurance program -- daily testing designed to analyze network reliability and assist the company in targeting improvements.
Verizon Wireless' investment in the Upstate New York region reflects its commitment to offer customers the most reliable wireless service available. The company's 'nation's most reliable wireless network' reputation is based on network studies performed by real-life test men and test women throughout the country who inspired the "Can you hear me now" national advertising campaign.
These engineers drive 90 specially equipped vehicles almost 1 million miles annually on Interstate, U.S. and state highways, as well as major roads and surface streets. Test vehicles are equipped with computers that automatically make more than 3 million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.
Verizon Wireless customers have the benefit of the 30-day Test Drive, an industry first that lets customers experience its network virtually risk-free for 30 days. If customers are not satisfied with their experience and take their number to another carrier, Verizon Wireless will refund their money for calls, equipment, activation fee and taxes. For more information about Verizon Wireless products and services, visit a Verizon Wireless Communications Store, call 1-800-2-JOIN-IN or go to http://www.verizonwireless.com/.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: John O'Malley of Verizon Wireless, +1-585-321-7264 or +1-585-261-5899, john.omalley@verizonwireless.com, or Meredith Dropkin, +1-315-413-4293, mdropkin@mower.com, for Verizon Wireless
Web Site: http://www.verizonwireless.com/ http://www.verizonwireless.com/multimedia
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Verizon Wireless Launches High-Speed Wireless Broadband Network in Waynesboro/Swainsboro Area in GeorgiaCustomers Can Now Get High-Speed Wireless Access on Their Laptops and Download Full-track Songs, Watch Videos, Play Games and More on Their Phones
ALPHARETTA, Ga., Aug. 25 /PRNewswire/ -- Residents from Waynesboro to Swainsboro and from Louisville to Sylvania, Ga., now have access to the Internet, e-mail and other data on their laptops at faster speeds and can download music, watch videos, play 3D games and more on their phones as Verizon Wireless rolls out its high-speed wireless broadband network in the area. Customers can now enjoy access to Verizon Wireless' flagship services -- BroadbandAccess and V CAST -- in the following areas:
-- Waynesboro
-- Swainsboro
-- Louisville
-- Sylvania
-- Wrens
-- Millen
-- Metter
"Our high-speed wireless network gives our customers three key advantages in wireless communication: speed, mobility and security," said Jeff Mango, president -- Georgia/Alabama region, Verizon Wireless. "With these advantages, business customers and mobile professionals can increase productivity and see bottom-line business benefits. In addition, our V CAST services, such as V CAST Music with Rhapsody, help keep customers entertained while on the go -- on the same devices they carry with them every day."
BroadbandAccess
The network expansion into this area enables Verizon Wireless' business customers to experience a truly mobile office experience with BroadbandAccess, giving them access to their calendars, the Internet, e-mail and critical business information residing behind their companies' firewalls. BroadbandAccess was developed with a range of users in mind and enables large enterprises, small- to medium-sized businesses and mobile professionals to conduct business anytime, anywhere in the BroadbandAccess coverage area via a secure, true high-speed data connection.
Customers in wireless broadband coverage areas can expect average download speeds of 600 kilobits per second (kbps) to 1.4 megabits and average upload speeds of 500-800 kbps, which means customers can download a 1 Megabyte e-mail attachment -- the equivalent of a small PowerPoint(R) presentation or a large PDF file -- in about eight seconds and upload the same-sized file in less than 13 seconds. To help customers stay connected, BroadbandAccess seamlessly switches over to the company's NationalAccess service if a customer travels outside of the BroadbandAccess coverage area.
V CAST Music with Rhapsody
The company's network powers its V CAST Music with Rhapsody service, which combines Verizon Wireless' world-class, over-the-air mobile music service with Rhapsody's leading desktop solution. Delivering unlimited monthly access to music on up to three V CAST Music with Rhapsody-compatible mobile phones and players and online on multiple PCs and Web browsers, V CAST Music with Rhapsody lets customers who purchase music over-the-air download the master copy of the songs or albums to their PCs free of digital rights management (DRM) software that restricts how and where music can be played.
V CAST
The company's V CAST service offers customers the ability to play cutting-edge 3D games and stream video clips straight to handsets. V CAST offers content updated daily so customers can watch dozens of on-demand videos, including breaking news, weather, sports highlights and the hottest entertainment clips.
Network Technology and Investment
Verizon Wireless' broadband network is based on CDMA 1x Evolution-Data Optimized (EV-DO) Revision A (Rev. A) technology and provides Verizon Wireless customers in this area with speeds significantly faster than the company's NationalAccess service.
The multi-million dollar expansion entailed installing high-tech wireless hardware and software in wireless transmission sites throughout the region. It is part of an ongoing network investment by Verizon Wireless, which has invested more than $45 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its national network and to add new services. To date in 2008, Verizon Wireless has invested over $110 million in the expansion and enhancement of its network in Georgia.
For more information about Verizon Wireless products and services, visit the local Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com/.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Caran Smith of Verizon Wireless, +1-678-339-4891, Caran.Smith@verizonwireless.com
Web site: http://www.verizonwireless.com/ http://www.verizonwireless.com/multimedia
Trina Solar Signs Supplemental Agreement to the Long Term Supply Agreement with GCL Silicon Technology
CHANGZHOU, China, Aug. 25 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited (''Trina Solar'' or the ''Company''), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced that its subsidiary, Changzhou Trina Solar Energy Co., Ltd., has signed a supplemental agreement to the long-term polysilicon supply agreement with a subsidiary of GCL Silicon Technology Holdings Inc. (collectively, ''GCL Silicon Technology'').
Together with the original supply agreement announced in April of this year, GCL Silicon Technology will supply Trina Solar with virgin polysilicon and wafers sufficient to produce approximately 4,825 MW of solar modules in aggregate over eight years. Delivery of polysilicon at predetermined prices started in April of 2008.
''This supplemental agreement greatly extends our advantage in securing high quality polysilicon feedstock at predetermined prices to support our long-term sales growth. Combined with our other long-term agreements and increased manufacturing efficiencies, we remain confident in our abilities to expand our margins in the long term as the cost of solar energy approaches grid parity levels,'' said Jifan Gao, Trina Solar's Chairman and Chief Executive Officer.
''Further, the supplemental agreement's inclusion of significant wafer quantities, starting in 2010, reflects a significant revision to our capacity expansion strategy, whereby future expansion will involve increased cell and module capacity additions relative to those for ingot and wafer. We believe that this flexible strategy will offer increased output of solar modules to achieve better market penetration under our increasingly recognized brand. This will also allow us to place our technology improvement emphasis on cell and module value areas to further strengthen our brand. For 2009, we intend to leverage on this dynamic strategy to efficiently extend our capacity growth to approximately 700MW for cell and module areas, while expanding ingot and wafer production capacities to approximately 500MW.''
''Trina Solar is an important strategic customer and we are encouraged by their progress made so far," said Hunter Jiang, CEO of GCL Silicon Technology. "GCL Silicon Technology remains committed to expand its production capacity to meet the growing demand from customers such as Trina Solar."
This supplemental supply agreement will further increase the Company's raw material supplies and enhance its cost structure, and therefore strengthen its position as a leading global PV manufacturer. After signing this supplemental agreement and together with other polysilicon supply agreements, the Company has now secured approximately 95% of its estimated silicon feedstock requirements for 2008, an equivalent of approximately 204 MW based on a production target of 210 to 220 MW of module output. The Company has also secured sufficient feedstock through its long term contracts to produce approximately 380 MW of solar modules in 2009.
About Trina Solar Limited
Trina Solar Limited is a well recognized manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that has developed a vertically integrated business model from the production of monocrystalline and multicrystalline ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.com/ .
About GCL Silicon Technology
GCL Silicon Technology Holdings Inc. (GCL Silicon Technology) supplies polysilicon and wafers to companies operating in the solar industry. The company currently operates a polysilicon production facility in Xuzhou, Jiangsu Province in China.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability, and marketability of its products; the future trading of the securities of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
For more information, please contact:
Trina Solar Limited
Terry Wang, CFO
Tel: +86-519-8548-2008 (Changzhou)
Thomas Young, Director of Investor Relations
Tel: +86-519-8548-2008 (Changzhou)
Email: ir@trinasolar.com
CCG Asia Investor Relations
Crocker Coulson, President
Tel: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Richard Micchelli, Financial Writer
Tel: +1-646-454-4516
Email: richard.micchelli@ccgir.com
Trina Solar Limited
CONTACT: Trina Solar Limited, Terry Wang, CFO, +86-519-8548-2008 (Changzhou); or Thomas Young, Director of Investor Relations, +86-519-8548- 2008 (Changzhou), or ir@trinasolar.com; or CCG Asia Investor Relations, Crocker Coulson, President, +1-646-213-1915, or crocker.coulson@ccgir.com; or Richard Micchelli, Financial Writer, +1-646-454-4516, or richard.micchelli@ccgir.com
Web site: http://www.trinasolar.com/
QSGI Designated WasteWise Partner
HIGHTSTOWN, N.J. and PALM BEACH, Fla., Aug. 25 /PRNewswire-FirstCall/ -- QSGI Inc. (BULLETIN BOARD: QSGI) , the only provider of a full suite of information technology services to help corporations better manage IT assets, data center maintenance expenses, and ensure best practices for data security and regulatory compliance, today announced that it has been selected as a partner in the U.S. Environmental Protection Agency's (EPA) WasteWise Program.
EPA's WasteWise was launched in 1994 as a program designed to assist organizations in eliminating costly municipal solid waste and select industrial wastes. The goal of the program was to provide the resources for partners to design a unique waste reduction program tailored to their specific needs which would benefit both the environment and the organization's bottom line. Today the program has a membership of over 2,000 partners including major corporations, institutions, and government agencies.
Partners of WasteWise agree to set and work towards goals in three important areas of waste reduction -- waste prevention, recycling, and buying or manufacturing recycled content products. QSGI's guiding 3R principals for handling the Data Security and Regulatory Compliance needs of its corporate clients' end-of-life technology includes Re-Furbishing, Re-Marketing, and Re-Using (http://qsgi.com/environment_community.htm), which are well-aligned with these WasteWise goals. WasteWise assists in the process by providing the resources and guidance necessary to establish waste reduction goals and track progress throughout the program.
Marc Sherman, chairman and chief executive officer of QSGI, commented, "We are very pleased to be a part of the WasteWise program, which further illustrates our commitment to handling our clients' technology in the most environmentally beneficial manner. Our industry leading erasure, auditing and re-marketing program minimizes the volume of waste to achieve a re-marketing rate of almost 98%, and we pride ourselves on our EPA compliant recycling program so that the remaining 2% of physical waste does not end up in a land fill. Though we have always adhered to the highest environmental standards, we look forward to our participation the U.S. EPA WasteWise program."
According to the EPA, the amount of waste diverted from landfills by recycling has doubled in the last decade. The environmental benefits of recycling include a decrease of greenhouse gas emissions, overall energy savings, and a reduced need for landfills and incinerators. Recycling also carries financial benefits -- it can improve operational efficiency and lower product production costs.
About QSGI
QSGI provides a full suite of information technology services to help corporations and governmental agencies better manage hardware assets, reduce maintenance expenses, build best practices for data security and assure regulatory compliance. With a focus on the entire range of IT platforms - from mainframes, midrange servers and PC, to network infrastructure and enterprise storage hardware, the services offered by QSGI are specifically designed to reduce total cost of ownership for IT assets and maximize the clients' return on their IT investment.
For enterprise class hardware in the data center, QSGI offers hardware maintenance services, hardware environment planning and consultation, refurbished whole systems, parts, features, upgrades and add-ons. Additionally, for desktop IT assets, servers and SAN products, QSGI offers a range of end-of-life services that include: automated asset auditing, Department of Defense (DOD) level data destruction, documentation for regulatory compliance, hardware refurbishment with worldwide remarketing or proper IT asset recycling.
Additionally, through its acquisition of Contemporary Computer Services, Inc. (CCSI), an enterprise class IT services provider with an extensive list of corporate, educational, and government customers, QSGI also performs network design, implementation, and monthly maintenance services on corporations' networking infrastructure as well as 24/7 IT monitoring and diagnostics through its North American Network Operating Center (NOC).
Given the sensitive nature of the company's client relationships, it does not provide the names of its clients. Additional information about the company is available at http://www.qsgi.com/.
Statements about QSGI's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. QSGI intends that such forward-looking statements involve risks and uncertainties and are subject to change at any time, and QSGI's actual results could differ materially from expected results. QSGI undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.
QSGI Inc.
CONTACT: IR Contacts, David K. Waldman, or Klea K. Theoharis, both of Crescendo Communications, LLC, +1-212-671-1020, qsgi@crescendo-ir.com, for QSGI Inc.
Web site: http://www.qsgi.com/
Harris Corporation Increases Quarterly Dividend 33 Percent to 20 Cents Per Share
MELBOURNE, Fla., Aug. 25 /PRNewswire-FirstCall/ -- The Board of Directors of Harris Corporation , an international communications and information technology company, has increased the quarterly cash dividend to 20 cents per share, compared to the previous quarterly dividend of 15 cents per share. This dividend is payable September 17, 2008, to shareholders of record September 4, 2008. The annual dividend rate will increase from 60 cents per share to 80 cents per share, consistent with the company's long-term target of sustained dividend payouts in the range of 20 percent of net income.
"We are very pleased to announce this substantial annual increase in our quarterly dividend," said Howard L. Lance, chairman, president, and CEO. "We reported excellent financial results for fiscal year 2008, with strong earnings and cash flow. Our track record of improving financial performance over the past five years has allowed Harris to provide consistent annual dividend increases. New orders and a robust pipeline of opportunities in the markets we serve are giving us confidence that fiscal 2009 will be another year of strong financial performance. This dividend increase further demonstrates the company's ongoing commitment to increasing shareholder value."
About Harris Corporation
Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has annual revenue of more than $5.3 billion and 16,000 employees - including nearly 7,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications(R); products, systems, and services. Additional information about Harris Corporation is available at http://www.harris.com/ .
Forward-Looking Statements
This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about our outlook are forward-looking and involve risks and uncertainties. Other factors that may impact the company's results and forward-looking statement may be disclosed in the company's filings with the SEC. Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Harris Corporation
CONTACT: Investor Relations, Pamela Padgett, +1-321-727-9383, pamela.padgett@harris.com, or Media, Jim Burke, +1-321-727-9131, jim.burke@harris.com, both of Harris Corporation
Web site: http://www.harris.com/
Tom Petters and Ted Deikel Increase Investment in Enable Holdings, Inc.New Strategy A Catalyst For Investment
CHICAGO, Aug. 25 /PRNewswire-FirstCall/ -- Enable Holdings, Inc. (BULLETIN BOARD: ENAB) , the leading asset recovery solutions company for the world's most trusted brands, today announced the purchase of an additional 1.5 million shares of common stock by Tom Petters, Chairman & CEO of Petters Group Worldwide, and Ted Deikel, veteran investor and former Fingerhut Companies Chairman & CEO. The stock purchase follows the company's recent announcement of the implementation of its new business model, becoming a comprehensive, multi-channel asset recovery solutions provider.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080814/AQTH536LOGO)
Petters and Deikel previously partnered in 2003, when they purchased certain assets of the Fingerhut Companies and re-launched the business. Fingerhut is today a prosperous, profitable and growing company.
"I see the potential long term value in Enable Holdings and firmly believe in the company's new business model," said Petters. "They have positioned themselves well in the marketplace and as they grow, I look forward to being part of it."
Enable Holdings, Inc. (formerly uBid.com Holdings, Inc.) recently announced a multi-channel lineup of asset recovery solutions through e-commerce and offline platforms. This new model provides five purchasing channels for consumers: business-to-business e-commerce, business to consumer e-commerce, auction house e-commerce, fixed pricing, and offline commerce.
"I invested in this company because of their uniqueness and dominance in their space," said Deikel. "Over the last 10 years they have acquired a top brand vendor list and a large customer base. I feel these attributes combined with the new multi-channel platform position the company for significant and profitable growth."
"We spent the first and second quarters of 2008 building our new platforms and we're very enthusiastic about our new sales channels and the growth opportunities they represent. The benefits will be seen in the 3rd and 4th quarters of this year," said Jeff Hoffman, Chief Executive Officer of Enable Holdings, Inc. "It's a very exciting time at Enable Holdings."
For more information please visit http://www.enableholdings.com/.
About Enable Holdings, Inc.
Enable Holdings, Inc. is the world's leading excess inventory solutions company that links brand name sellers with customers around the globe. Enable Holdings, Inc. does this through its multi-channel asset-recovery solution that includes an online auction platform located at http://www.ubid.com/, upcoming fixed-price commerce solution RedTag.com, offline excess inventory solution RedTag Live!, business-to-business solution Dibu Trading Company, and upcoming private auction software company Commerce Innovations. Brand name sellers are able to reduce excess inventory more efficiently and profitably than ever before. And however they choose to buy, shoppers now have a connection to the world's most trusted brands at prices far below retail. Enable Holdings, Inc. boasts more than 10 years experience in online commerce.
SEC Filings and Forward-Looking Statements
Additional information about Enable Holdings, Inc. is in the company's annual report on Form 10-K, filed with the Securities and Exchange Commission.
Certain statements made in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements using terminology such as "anticipate," "believe," "estimate," "expect," "intend," "may," "could," "possible," "plan," "project," "should," "will," "forecast," and similar words or expressions. Enable Holdings, Inc. intends that all forward-looking statements be subject to the safe harbor provisions of the Private Securities Litigation Reform Act. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business of Enable Holdings, Inc. and the industries and markets in which Enable Holdings, Inc. operates. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied by these forward-looking statements. Factors which may affect the forward looking statement identified above and Enable Holdings, Inc.'s business, financial condition and operating results generally include the effects of adverse changes in the economy, reductions in consumer spending, declines in the financial markets and the industries in which Enable Holdings, Inc. and its partners operate, adverse changes affecting the Internet and e-commerce, the ability of Enable Holdings, Inc. to develop and maintain relationships with strategic partners and suppliers and the timing of its establishment or extension of its relationships with strategic partners, the ability of Enable Holdings, Inc. to timely and successfully develop, maintain and protect its technology and product and service offerings and execute operationally, the ability of Enable Holdings, Inc. to attract and retain qualified personnel, the ability of Enable Holdings, Inc. to successfully integrate its acquisitions of other businesses, if any, and the performance of acquired businesses. Enable Holdings, Inc. expressly disclaims any intent or obligation to update these forward-looking statements, except as otherwise specifically stated by Enable Holdings, Inc.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080814/AQTH536LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Enable Holdings, Inc.
CONTACT: Ryan Calverley, Press Officer, Enable Holdings, Inc., +1-773-272-4414, ryanc@ubid.com
Web site: http://www.enableholdings.com/ http://www.ubid.com/
Open Text Announces Comprehensive Email Lifecycle Management Solution for Law FirmsSolution Helps Law Firms Define, Secure and Control Email Content from Creation to DispositionSignificantly Boosts Productivity While Reducing Storage and IT costs
GRAPEVINE, TX, Aug. 25 /PRNewswire-FirstCall/ -- ILTA '08 - Open Text(TM) Corporation , a global leader in enterprise content management (ECM), announced today the release of an email management offering for its law firm customers. Combining fundamental email filing and archiving capabilities, the solution helps firms define, secure and control the processes by which emails are managed, retained and disposed, providing key benefits such as improved productivity, better email system performance, and reduced storage and IT costs.
Open Text Email Lifecycle Management for Law Firms addresses the largest business problem facing firms around the world today: managing enormous volumes of client- and matter-related emails. Combining Open Text's Email Archiving for Microsoft Exchange with Open Text LegalKEY records management capabilities allows users to manage the entire lifecycle of emails from creation to disposition. Robust server-based rules identify when emails should be archived from the message server. Users can still view archived emails in their inboxes and easily access archived messages with a single click.
With the Open Text solution, users also have access to multiple profiling tools which let them properly classify emails into the firm's document management system so that, for example, an important email on a client matter can be filed with the client's other case documents. These tools include watching Microsoft Outlook folders and auto-filing new emails dragged into Outlook folders, as well as suggesting logical classifications based on email addressing and threads. Emails which have been classified in the document management system are marked, reducing duplication of effort across the user community.
Additional end-user controls are then layered on top, which support retention and disposition of emails according to compliance mandates and internal policies. With email filing, users actively participate in the process of classifying emails as business records. Once captured as records, emails are then managed securely over the course of their lifecycle, fully preservable with legal holds in the event of audit or discovery, and quickly retrievable with integrated full-text search. Open Text Email Lifecycle Management for Law Firms helps control infrastructure costs associated with messaging systems, while providing easy-to-use interfaces for users to classify messages as business records.
"Law firms are often challenged by the ambiguity of information that is being stored in their email servers, making it increasingly difficult to assess and understand what content is locked away in user accounts, let alone focus on how to extract and use it," said Mohit Thawani, Business Development Manager, Legal Solutions Group at Open Text. "Our solution gives law firms an automated and reliable way of categorizing high-value and high-volume mission-critical content, along with a targeted approach for moving this content into a more accessible system, saving time and significantly increasing productivity."
Open Text Email Lifecycle Management for Law Firms is immediately available. For more information please visit: http://www.opentext.com/2/sol-products/sol-pro-edocs-products2/pro-ot-edocs-em ail.htm
Open Text is a leading global provider of ECM solutions for law firms, with a full range of solutions and legal industry expertise to support law firms' business practices and proactive compliance needs throughout the matter lifecycle - from client intake through to final disposition. Currently, 70 percent of the AmLaw 100 firms are using Open Text's content management solutions.
For more information about how Open Text is helping law firms around the world, visit: http://www.opentext.com/2/sol-industry/sol-ind-legal.htm
About Open Text
Open Text, an enterprise software company and leader in enterprise content management, helps organizations manage and gain the true value of their business content. Open Text brings two decades of expertise supporting 46,000 customers and millions of users in 114 countries. Working with our customers and partners, we bring together leading Content Experts(TM) to help organizations capture and preserve corporate memory, increase brand equity, automate processes, mitigate risk, manage compliance and improve competitiveness. For more information, visit http://www.opentext.com/.
Safe Harbor Statement Under the Private Securities Litigation Reform Act
of 1995
This news release may contain forward-looking statements relating to the success of any of the Company's strategic initiatives, the Company's growth and profitability prospects, the benefits of the Company's products to be realized by customers, the Company's position in the market and future opportunities therein, the deployment of Livelink and our other products by customers, and future performance of Open Text Corporation. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and are subject to certain risks and uncertainties, and actual results may differ materially. The risks and uncertainties that may affect forward-looking statements include, among others, the failure to develop new products, risks involved in fluctuations in currency exchange rates, delays in purchasing decisions of customers, the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers, demand for the Company's products and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the Form 10-K for the year ended June 30, 2007 You should not place undue reliance upon any such forward-looking statements, which are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.
Copyright (C) 2008 by Open Text Corporation. LIVELINK ECM and OPEN TEXT are trademarks or registered trademarks of Open Text Corporation in the United States of America, Canada, the European Union and/or other countries. SAP and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries. This list of trademarks is not exhaustive. Other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text Corporation or other respective owners.
Open Text Corporation
CONTACT: Richard Maganini, Open Text Corporation, (847) 267-9330 ext.4266, rmaganin@opentext.com; Stephanie Dodge Fazio, Open Text Corporation, (519) 888-7111, x2429, sdodge@opentext.com; Brian Edwards, McKenzie Worldwide, (503) 577-4583, briane@mckenzieworldwide.com
Australia's IRESS Optimises Next-Generation Data Center With Radware's OnDemand SwitchRadware Speeds-Up the Delivery of IRESS' Financial Management Applications Across the Network; Increasing End-User Productivity Whilst Lowering Infrastructure Costs
MAHWAH, New Jersey, August 25 /PRNewswire-FirstCall/ -- Radware , the leading provider of integrated application delivery solutions for business-smart networking, announced today its OnDemand Switch(TM) platform has been deployed by IRESS Market Technology, a principal supplier of share market and wealth management systems based in Australia. IRESS implemented Radware's scalable, cost-effective switch to enhance business continuity at its data centers, simplify network topology and provide customers the assurance of always-available financial industry information.
IRESS provides comprehensive financial industry data and functionality to a broad, and growing, range of financial market professionals across Australia, New Zealand, Canada and South Africa. Handling time critical financial information, IRESS required an application delivery solution that would ensure a highly-redundant data centre infrastructure across multiple sites and greater investment protection, as new customers were sourced and new financial management applications were offered. This was crucial as IRESS' previously implemented solution, while functional was both expensive to maintain and limited to deliver future business requirements.
To meet its immediate needs, IRESS deployed Radware's OnDemand Switch, a new hardware platform for Application Delivery Controllers (ADC) that delivers breakthrough performance and superior scalability through an easy-to-upgrade license approach, for additional throughput and services.
Immediate benefits obtained through the deployment by IRESS of Radware's OnDemand Switch include:
Business benefits:
- Assured business continuity through transparent and immediate
redirection of customers between data centers
- Guaranteed on demand scalability and decreased costs to facilitate the
delivery of future business requirements;
- Clear improvement of ROI, based on costs associated with project
lifecycle, upgrade costs, annual software licenses, maintenance,
energy, cooling and rack space;
- Decrease in overall management overhead;
- Significant increase in performance, visibility and reporting.
Technical benefits:
- Substantially better performance in layer 4-7 switching, transactions
per second capacity and more;
- Constant availability and optimized performance of its premier share
market information system through SSL offloading and application
acceleration;
- Substantial simplification of the application front-end topology
delivering local and global application switching;
- Added new layers of fault tolerance, creating a transparent and
immediate re-direction of mission-critical applications between its two
Australian data centers;
- Future proof architecture with On Demand scalability - no need for
costly redesigns of architecture, hardware fork-lift upgrades.
"We considered a number of solutions, and after a rigorous evaluation process, we chose Radware for its strong technical benefits, including the URL re-write function, redirection functionality, global load balancing and SSL off-load features," said Dale Monger, Global Head of Networks, IRESS. "From a business perspective, we are confident in the ability of Radware's solution to generate a healthy return on investment, as we anticipate a reduced total cost of ownership associated with lower annual software licenses, maintenance fees and rack space."
During the initial deployment, IRESS replicated its primary data center site to its secondary site; enabling Radware's global redirection functionality to provide the active-active utilization of both data centers. As a result of this implementation, IRESS replicated a similar Radware deployment strategy in its Canadian data center.
"Our goal is to help fulfill our customer's next generation datacenter requirements by speeding up the delivery of applications across the network, adding redundancy and delivering on scalability," said Mick Stephens, General Manager, Radware Australia and New Zealand. "We believe our OnDemand Switch has been an optimal solution to support IRESS' growing financial IT infrastructure needs - and will continue to optimize mission-critical applications to best support IRESS' rapidly expanding business."
About IRESS Market Technology Limited
IRESS Market Technology Limited designs, develops, markets and supports Australia's premier share market information system, IRESS, now used by a majority of professional investors across Australia, New Zealand, Canada and South Africa. IRESS, together with its trading modules, has become an industry standard with a reputation for reliable leading-edge software, sophisticated infrastructure and specialised support provided by a team of seasoned professionals with experience in equity and derivative markets.
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
Swimmers Deliver the Gold in Speedo Suit Designed With Help From SGIFluid Flow Studies Conducted on SGI Altix Help Reduce Drag
SUNNYVALE, Calif., Aug. 25 /PRNewswire-FirstCall/ -- When sports enthusiasts look back on this year's Summer Games in Beijing, they'll recall an historic event in which a single swimmer earned eight gold medals in eight days. But they may also remember 2008 as the year swimming and supercomputing became one.
That's because swimmers from the U.S. and around the world shattered records and brought home medals while wearing elite Speedo Fastskin(R) LZR Racer(R) swimwear designed in part on supercomputers from SGI (http://www.sgi.com/ ).
More than two years ago, Speedo's Aqualab research and development facility turned to powerful SGI(R) Altix(R) (http://www.sgi.com/products/servers/altix/4000/) systems to develop the next generation of its performance swimwear. Engineers ran computational fluid dynamics (http://www.sgi.com/industries/cfd/ )(CFD) analyses to better understand how to optimize the flow of water around a swimmer and to create the designs and materials that would give athletes a winning edge.
Combined with water and wind tunnel tests, the CFD analyses were part of a scientific approach to product design that ultimately created the Fastskin LZR Racer, which features 5 percent less passive drag than the Fastskin(R) FS-Pro, the suit Speedo introduced in 2007.
Where Swimming and Supercomputing Meet
-- Researchers believe that swimmers perform better in suits that
streamline the body and channel the flow of water around it, thus
reducing drag.
-- CFD modeling shows how the water flows around the body. Different suits
are designed for male and female athletes because CFD has determined
that females produce a more separated flow, where the water actually
leaves the surface of the swimmer.
-- The SGI Altix system architecture speeds up the design process by
shortening data access time and computational runs. This makes it an
ideal platform for complex CFD analysis for designing next-generation
swimsuits, cars, airplanes or rockets.
Multimedia Resources:
Images:
-- Speedo CFD Analysis on SGI Altix
Additional Information:
-- IEEE Computer Graphics & Applications Article on Speedo Suit Design,
March/April 2006
-- Speedo Computes Next-Generation Athletic Swimwear Designs on SGI(R)
Altix(R) (http://www.sgi.com/company_info/features/2008/speedo.html)
SGI | Innovation for Results(TM)
SGI is a leader in high-performance computing. SGI delivers a broad range of high-performance server, storage and visualization solutions along with industry-leading professional services and support that enable its customers to overcome the challenges of complex data-intensive workflows and accelerate breakthrough discoveries, innovation and information transformation. SGI helps customers solve significant challenges whether it's enhancing the quality of life through drug research, designing and manufacturing safer and more efficient cars and airplanes, studying global climate change, providing technologies for homeland security and defense, or helping enterprises manage large data. With offices worldwide, the company is headquartered in Sunnyvale, Calif., and can be found on the Web at http://www.sgi.com/.
SGI, the SGI cube, Altix and the SGI logo are registered trademarks of SGI in the United States and/or other countries worldwide. Speedo, Fastskin and LZR Racer are registered trademarks of Speedo Holdings B.V. All other trademarks mentioned herein are the property of their respective owners.
MEDIA CONTACT
Marla Robinson
marlar@sgi.com
256.773.2371
SGI PR HOTLINE
650.933.7777
SGI PR FACSIMILE
650.933.0714
SGI
CONTACT: Media, Marla Robinson of SGI, +1-256-773-2371, marlar@sgi.com or SGI PR HOTLINE, +1-650-933-7777, or SGI PR FACSIMILE, +1-650-933-0714
Web site: http://www.sgi.com/
OpenSRS Web Hosting Industry Survey: Resellers Missing Opportunity with Social Network Users
TORONTO, Aug. 25 /PRNewswire-FirstCall/ -- Tucows Inc., a leading provider of Internet services to web hosting companies and ISPs worldwide, announced today the results of an industry survey conducted by its reseller services group OpenSRS at the HostingCon 2008 conference in Chicago last month. Survey findings revealed resellers of email and domain names are missing significant business opportunities to tap into social network users.
Of the respondents, 60% have their own blog or personal website, and nearly three-fourths use social networks like Facebook, Flickr, YouTube, Twitter and FriendFeed to share information with friends and family. Despite the majority of people using social networking services, 81% of the respondents in the web hosting industry do not believe these "web 2.0" or functional-hosting businesses could hurt their business.
"While the web hosting industry does not view social networks as a threat to its business, people are going to functional-hosts for services that allow them to share information online. This demonstrates that there are opportunities for web hosts to tap into consumers who embrace social networks - but these opportunities are being overlooked by the very industry that knows the Internet best," said Ken Schafer, Vice President of Product Management and Marketing for Tucows. "It's important that as the web hosting industry moves forward, we understand that Internet users are seeking a customized, personalized, Internet experience for both personal and professional reasons. Ultimately, it's about customer relationships. Providers and resellers need to work together to provide the support, services and infrastructure that give users the best experience."
Other results of the survey revealed that 73% of all domain name resellers enjoy working with their provider. In addition, three-fourths of domain name resellers believe their provider understands its needs and nearly one-half have no complaints with their provider, but of those that did, the top complaints were poor communication or support and lack of the full range of services their customers want.
"It's always great to receive positive feedback from the industry - OpenSRS has made a strong commitment to our reseller community because they have been incredibly supportive of us. By making it easy to sell and manage the highest quality Internet services, we give our resellers the tools they need to be successful," added Schafer.
In 1999, Tucows became the first domain name wholesaler to be accredited by ICANN and chose the name OpenSRS for its domain name service. Recently relaunched to celebrate its resellers' sustained loyalty, OpenSRS today remains one of the world's largest wholesale domain registrars as well as the most reseller-friendly, and has expanded its offerings to include hosted email and SSL certificates. OpenSRS has grown steadily each year and today boasts over 9,000 active resellers on six continents. Those resellers, in turn, have the potential to reach millions of end users.
About OpenSRS
OpenSRS is a global provider of wholesale Internet services to web hosting companies and ISPs. Wholly owned by Tucows, Inc., OpenSRS provides wholesale services for hosted email, domain name registration, Personal Names, and SSL certificates. For more information, please visit http://opensrs.com/.
About Tucows
Tucows is an Internet services company. Through our global network of over 9,000 service providers our OpenSRS group provides millions of email boxes and manages over eight million domains. Tucows is an accredited registrar with ICANN (the Internet Corporation for Assigned Names and Numbers). We hold a domain name portfolio of approximately 150,000 domain names that are available for sale, monetized through advertising and support our wholesale Personal Names Service. Our Retail division sells Tucows services to consumers and small business owners through Domain Direct, IYD (It's Your Domain) and NetIdentity. Tucows.com remains one of the most popular software download sites on the Internet. For more information please visit: http://tucowsinc.com/.
Tucows Inc.
CONTACT: Megan Grenter, LEWIS PR, megang@lewispr.com, (202) 349-3775; Leona Hobbs, Tucows/OpenSRS, lhobbs@tucows.com, (416) 538-5450
Geoff Keighley Named Executive in Charge of Video Game Publisher Relations for Spike TVVideo Game Consultant Promoted As Network Gears Up For Video Game Awards 2008
NEW YORK, Aug. 25 /PRNewswire/ -- Video game industry veteran Geoff Keighley has been named executive in charge of video game publisher relations for Spike TV. The announcement was jointly made today by Casey Patterson, senior vice president, event production and talent development, Spike TV And TV Land, and Niels Schuurmans, senior vice president, brand creative and marketing, Spike TV, to whom he will report. In his new position, Keighley will spearhead the network's year-round video game programming strategy, as well as manage Spike's editorial relationships with game publishers.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060322/NYW096LOGO )
"Geoff has been a video game journalist since he was 14 years old and the face of video game programming on Spike for several years," said Patterson. "His passion, knowledge and point of view that are key to our ongoing success make him the perfect choice to broaden and deepen our relationships with publishers. In his new role, Geoff will keep the gaming industry more connected to Spike and Spike more connected to the gaming audience. We couldn't be more thrilled to expand his position at the network and continue to build upon our success with gamers."
Based in Los Angeles, Keighley joined Spike TV in 2005 when he began hosting "Game Head", a weekly series that evolved into "GameTrailers TV with Geoff Keighley", the #1 rated video game program on television, and also served as a consultant on Spike TV's "Video Game Awards" since 2006.
Keighley, now the host of "GameTrailers TV", works in concert with MTVN Entertainment Group's GameTrailers.com to provide viewers with the latest news in the gaming world. Serving as host and executive producer, Keighley's hard-hitting interviews and insider access have helped the show emerge as a blockbuster hit on multiple platforms. Since its launch, "GameTrailers TV with Geoff Keighley" is averaging 364,000 viewers and is up +51% in Men 18-49, +61% in Persons 18-49, +34% in Men 18-34 and +60% among average audience versus ratings for "Game Head" last year.
"Video games are an integral part of the Spike TV brand and what better person to helm our video game programming and serve as a liaison between the network and publishers than Geoff Keighley, one of the most respected names in the business," said Schuurmans. "The passion Geoff has for video games, coupled with his vast knowledge and experience in covering the video game industry, makes him the obvious choice."
Keighley has been a journalist covering the video game industry since the age of 14, spanning the print, online and television mediums. Prior to joining Spike TV, Keighley served as a correspondent for "The Electronic Playground" on the G4 network. In 2004 NewsBios.com named him one of the top 30 journalists under 30. Keighley is a magna cum laude graduate in philosophy and business from the University of Southern California.
Spike TV is available in 96.1 million homes and is a division of MTV Networks. A unit of Viacom , MTV Networks is one of the world's leading creators of programming and content across all media platforms. Spike TV's Internet address is http://www.spike.com/ and for up-to-the- minute and archival press information and photographs, visit Spike TV's press site at http://www.spike.com/press.
Spike TV
CONTACT: Press, Salil Gulati, +1-212-767-8705, salil.gulati@mtvstaff.com, or Melissa Leung, +1-310-407-4729, melissa.leung@spiketv.com, both of Spike TV
Web site: http://www.gametrailers.com/ http://www.spike.com/
Vote To Go 'Green' With Verizon Wireless and Make a Difference Every DayCompany Offers Delegates and All Mobile Users Tips to Help Conserve the Earth's Resources
DENVER, Aug. 25 /PRNewswire/ -- This week's Democratic Party Convention promises to be the "greenest" political gathering in history. Verizon Wireless is doing its part to help the environment in Denver and nationwide, starting with phone recycling. According to the EPA, recycling 100 million cell phones would save enough energy to power nearly 200,000 U.S. households with electricity for a year.
"We're not there yet, but the good news is more and more old cellphones are being recycled every year," said Melanie Braidich, regional president for Verizon Wireless. "Since we launched our national cellphone recycling program in 2001, we have kept more than 200 tons of electronic waste out of landfills."
Verizon Wireless is encouraging delegates and other visitors to Denver and everyone with a used wireless phone or accessory they're no longer using to donate the equipment to its HopeLine(R) program. Wireless phones and equipment can be donated this week and year-round at any Verizon Wireless Communications Store in Denver. Donated phones, batteries and accessories will be disposed of in an environmentally friendly way or refurbished for reuse, with proceeds and devices benefiting survivors of domestic violence.
Verizon Wireless offers more "green" tips for delegates and all wireless users:
Sign up for the Green Bill
Make a point today or after the convention to sign up for paperless billing. Verizon Wireless' Green Bill gives customers a useful way to access, organize and analyze their account information, while at the same time saving paper by eliminating the monthly bill in your mailbox. To sign up, visit http://www.verizonwireless.com/myaccount.
Unplug your charger when it's not in use
In your hotel room, office or right at home, use a power strip for your device charger, and then switch it off when everything has been charged so you don't use "phantom" energy.
Download or preload directions in VZ Navigator(SM) to save fuel when traveling
Not sure how to get to where you're going in Denver? Using VZ Navigator to find the most direct route could help you save time and fuel. If you do need to fill up, use Gas Finder (on VZ Navigator) or FuelFinder (on Mobile Web) to find the least expensive gas (charges apply).
Work from home -- or elsewhere -- with 3G wireless
Use Verizon Wireless' high-speed 3G wireless service to create a mobile office anywhere within the BroadbandAccess coverage area and save on gas, time and other commuting costs (BroadbandAccess charges apply). The Verizon
Wireless 3G network, the nation's largest, now covers more than 85 percent of the U.S. population and more than 258 major metropolitan areas.
For more information on Verizon Wireless products and services, customers can visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to http://www.verizonwireless.com/.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 68.7 million customers. Headquartered in Basking Ridge, N.J., with 70,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, go to: http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Bob Kelley of Verizon Wireless, +1-303-694-8990, Robert.Kelley@verizonwireless.com
Web site: http://www.verizonwireless.com/ http://www.verizonwireless.com/myaccount http://www.verizonwireless.com/multimedia
Leading Independent Research Firm Cites TIBCO Spotfire as Strong Performer in Enterprise Business IntelligenceTIBCO Spotfire products noted for seamless convergence of BI, business process management, and business rules engines
SOMERVILLE, Mass., Aug. 25 /PRNewswire/ -- TIBCO Software Inc. , today announced that Forrester Research, Inc. has recognized the TIBCO Spotfire(R) line of products as a strong performer in BI reporting and analysis platforms, according to the July 2008 Forrester Wave(TM): Enterprise Business Intelligence (BI) Platforms, Q3 2008. Forrester cited TIBCO as a strong performer based on the company's market presence, strategy, and current Spotfire offering.(1)
According to Forrester, "TIBCO, a recent entrant into the BI market with the acquisition of Spotfire, leverages its long history of success and expertise in middleware for integrating visual information analysis with process orchestration and business rules."
Unlike other products that notify users of problems, but do not initiate an action or fix, TIBCO Spotfire(R) Operations Analytics closes the business process improvement loop by automatically preparing an interactive analysis application of a real-time process based on customer-defined rules. Using this single application on their desktop, business professionals can quickly perform root-cause analysis and then revise rule parameters to improve future business performance.
According to Forrester, "While many BI vendors talk about enterprise optimization or enterprise decision management that can only be enabled through seamless convergence of BI, business process management, and business rules engines, the TIBCO Spotfire team is actually implementing such solutions today. Its Operational Analytics bundle can display data and process metrics and let an end user correct rules and process flows if necessary. Users can even see the updated results in real time."
"TIBCO Spotfire products deliver on the vision of pervasive BI -- where everyone is equipped to discover new insights," said Christopher Ahlberg, EVP and President, Spotfire division. "With Spotfire's combination of in-memory analytics and interactive visualization for building and sharing analytic applications, we are setting new standards in innovation and functionality to help our customers achieve greater insights into business performance."
The comprehensive report evaluated 12 vendors competing in this market today. More information about the report and related research is available at http://www.forrester.com/ .
About TIBCO
TIBCO Software Inc. is a leading provider of enterprise analytics software for next generation business intelligence. TIBCO Spotfire products offer a visual and interactive experience that helps professionals quickly discover new and actionable insights in information. Distinguished by its speed to insight and adaptability to specific business challenges, Spotfire rapidly reveals unseen threats and new opportunities, creating significant economic value. Spotfire customers include industry leaders among the Global 2000 that have deployed Spotfire analytics to gain an information advantage over their competitors. For more information, visit http://spotfire.tibco.com/ .
TIBCO, TIBCO Spotfire, TIBCO Spotfire Operations Analytics and Spotfire are trademarks or registered trademarks of TIBCO Software Inc. and/or its subsidiaries in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.
Contacts:
Jim Baptiste Amy Groden-Morrison
Davies Murphy Group, Inc. TIBCO Software Inc.
(781) 418-2438 (617) 702-1710
spotfire@daviesmurphy.com amorriso@tibco.com
http://www.daviesmurphy.com/ http://www.spotfire.com/
(1) Source: Forrester Wave(TM): Enterprise Business Intelligence (BI)
Platforms, Q3 2008, by Boris Evelson, July 2008.
TIBCO Software Inc.
CONTACT: Jim Baptiste of Davies Murphy Group, Inc. for TIBCO Software Inc., +1-781-418-2438, spotfire@daviesmurphy.com; or Amy Groden-Morrison of TIBCO Software Inc., +1-617-702-1710, amorriso@tibco.com
Web site: http://spotfire.tibco.com/ http://www.forrester.com/
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