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Companies news of 2008-08-29 (page 2)

  • Landauer, Inc. Appoints Two New Members to Board of Directors
  • Overland Storage Reduces Cost StructureRenews Focus on Execution of End-to-End Data...
  • [video] Michael Long, CEO of Payment Data Systems, Inc. Discusses Launch of Subsidiary's...
  • Plexus Announces Renewal of Shareholder Rights Plan
  • New Version of CimatronE Previewed at IMTSOffers New Capabilities for Mold, Die, Tool...
  • VisionChina Media Appoints Christopher Holbert Vice President of Finance
  • VanceInfo to Attend SIG Second Annual Beijing Management Summit
  • Aga Rangemaster - Resilient Results and Well Positioned for the Mid-Term
  • Aga Rangemaster - Resilient Results and Well Positioned for the Mid-Term
  • LDK Signs Seven-Year Wafer Supply Agreement With Hyundai Heavy Industries Co., Ltd.
  • Exercises With Stock Options of Nokia Corporation
  • Microsoft to Acquire Greenfield Online Including Its European Subsidiary Ciao, a Leading...
  • Plantronics Teams with Dolby to Deliver Enhanced PC Game Play with Virtual 5.1 Surround...
  • White Electronic Designs Corporation's Chairman, President and CEO Resigns to Pursue Other...
  • CARBO Ceramics Inc. Announces Sale of Fracture and Reservoir Diagnostic Assets and Stock...



    Landauer, Inc. Appoints Two New Members to Board of Directors

    GLENWOOD, Ill., Aug. 29 /PRNewswire-FirstCall/ -- Landauer, Inc. , a recognized leader in personal and environmental radiation monitoring, today announced the appointment of Michael Leatherman and David Meador to its Board of Directors.

    Mr. Leatherman, currently an independent consultant focused in information technology strategies and global contract negotiations, was previously the Chief Financial Officer, Chief Information Officer and Executive Vice President at Wallace Computer Services. Leatherman was primarily responsible for information technology, strategic planning, and organizational effectiveness. Prior to his time at Wallace Computer Services, Leatherman spent six years at FSC Paper Corporation acting as both the Chief Executive and Financial Officers. He has acted as a Smorgon Consolidated Industries board member from 1984 to 2000 and has been a Nashua Corporation board member since 2006.

    Mr. Meador currently serves as the Chief Financial Officer and Executive Vice President at DTE Energy , a diversified energy company involved in the development and management of energy-related businesses and services nationwide. Meador is responsible for investor relations, treasury, business taxes and financial forecasting, accounting, corporate services and supply chain management. Meador joined DTE Energy in 1997 as Vice President and Controller. Prior to his employment with DTE Energy, he served in a variety of financial and accounting positions at Chrysler Corporation and was an auditor with Coopers & Lybrand.

    "We are pleased to announce the appointment of Michael and David to our board, as both have a tremendous track record of innovative leadership, success and extensive financial experience," commented Bob Cronin, Chairman of the Board of Landauer. "They will be valuable additions to our Board and we look forward to their contributions as we continue to execute on our strategic objectives and pursue opportunities for the Company."

    About Landauer

    Landauer is the leading provider of analytical services to determine occupational and environmental radiation exposure. For more than 50 years, the Company has provided complete radiation dosimetry services to hospitals, medical and dental offices, universities, national laboratories, and other industries in which radiation poses a potential threat to employees. Landauer's services include the manufacture of various types of radiation detection monitors, the distribution and collection of the monitors to and from clients, and the analysis and reporting of exposure findings.

    Landauer, Inc.

    CONTACT: Jonathon M. Singer, Senior Vice President & CFO of Landauer,
    Inc., +1-708-441-8311




    Overland Storage Reduces Cost StructureRenews Focus on Execution of End-to-End Data Protection Strategy

    SAN DIEGO, Aug. 29 /PRNewswire-FirstCall/ -- Overland Storage, Inc. today announced a reduction in its labor force and specific budgetary cuts, both designed to reduce operating costs.

    The company reduced its worldwide workforce by approximately 13 percent, or by a total of 53 employees. Additionally, the company cut its spending plan for fiscal year 2009 across all departments and geographic areas. The company expects these cost-cutting measures to result in annualized savings of approximately $10 million.

    "Over the past several quarters, we focused on revitalizing our sales force and were able to complete two small, but significant acquisitions," commented Vern LoForti, president and CEO of Overland Storage. "We are pleased that our branded sales force delivered sequential revenue growth of 63 percent in disk-based products in our most recent fiscal fourth quarter ended June 30, 2008, in comparison to the preceding fiscal third quarter ended March 31, 2008. Additionally, our recent acquisition of the Snap Server business facilitates our entry into the distributed NAS market, and initial customer response has been very positive. Based on its technology and brand recognition, we believe Snap holds significant potential for Overland's future. The Snap acquisition did, however, result in a substantial increase to our operating expense base. Having recognized the need to rationalize the newly combined business, we have examined all areas of the company in order to streamline and focus on the geographic regions and product initiatives that offer the most immediate return on investment. The actions we are announcing today are key to our primary goal -- a faster return to profitability, while continuing to deliver a balanced portfolio of end-to-end data protection solutions in a more efficient manner.

    As part of this organizational consolidation and restructuring, Ravi Pendekanti, formerly vice president of worldwide marketing, has assumed additional responsibilities, and now is vice president of worldwide sales and marketing. Prior to joining Overland this spring, Pendekanti spearheaded global solutions sales and marketing for Silicon Graphics, Inc., a position that followed a lengthy tenure as a marketing executive at Sun Microsystems, Inc. Concurrent with these changes, Robert Farkaly, vice president of worldwide sales has left the company.

    Overland has nearly completed the integration of the Snap business unit. Additionally, Overland continues to ramp its channel marketing efforts, with increased focus on new channel program initiatives designed to drive sales of Overland's REO SERIES, NEO SERIES, ARCvault, ULTAMUS RAID and Snap Server data protection solutions.

    "Over the past 18 months, Overland has transitioned from OEM-focused to a channel-centric company," added LoForti. "The Snap acquisition enables us to offer our worldwide channel partners one of the broadest portfolios of end-to-end data protection solutions. We believe our unwavering commitment to this strategy will enable Overland to grow more rapidly throughout fiscal 2009 and beyond."

    About Overland Storage

    Overland Storage is a market leader and innovative provider of smart, affordable data protection appliances that help midrange and distributed enterprises ensure business-critical data is constantly protected, readily available and always there. Overland's award-winning products include NEO SERIES(R) and ARCvault(TM) tape libraries, REO SERIES(R) disk-based appliances with Virtual Tape Library (VTL) capabilities, ULTAMUS(R) RAID SAN-based appliances and Snap Server NAS-based appliances. Overland sells its products through leading OEMs, commercial distributors, storage integrators and value-added resellers. For more information, visit Overland's web site at http://www.overlandstorage.com/

    Except for the factual statements made herein, the information contained in this news release consists of forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Words and expressions reflecting optimism, satisfaction or disappointment with current prospects, as well as words such as "believe," "hopes," "intends," "estimates," "expects," "projects," "plans," "anticipates" and variations thereof, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. Such forward-looking statements are not guarantees of performance and the company's actual results could differ materially from those contained in such statements. Factors that could cause or contribute to such differences include: unexpected delays or costs related to the acquisition and integration of the Snap business; possible delays in new product introductions and shipments; failure to achieve desired benefits from cost-cutting measures; market acceptance of the company's new product offerings; the ability to maintain strong relationships with branded channel partners; the timing and market acceptance of new product introductions by competitors; worldwide information technology spending levels; unexpected shortages of critical components; rescheduling or cancellation of customer orders; loss of a major customer; general competition and price pressures in the marketplace; the company's ability to control costs and expenses; and general economic conditions. Reference is also made to other factors detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this release and the company undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.

    Overland, Overland Storage, REO Series, REO, NEO Series, NEO, ARCvault Series, ARCvault ULTAMUS and Snap Server are trademarks of Overland Storage, Inc.

    Overland Storage, Inc.

    CONTACT: Vernon A. LoForti, President and CEO of Overland Storage, Inc.,
    +1-858-571-5555, vloforti@overlandstorage.com; or Sue Hetzel of HetzelMeade
    Communications, +1-760-434-9927, sue@hetzelmeade.com, for Overland

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




    [video] Michael Long, CEO of Payment Data Systems, Inc. Discusses Launch of Subsidiary's New Corporate Brand on WallSt.net's 3-Minute Press Show

    SAN ANTONIO, Aug. 29 /PRNewswire-FirstCall/ -- Payment Data Systems, Inc. (BULLETIN BOARD: PYDS) , an integrated electronic payments solutions provider, today announced that the company's CEO, Michael Long, is featured in an exclusive interview on WallSt.net's 3-Minute Press Show.

    The interview gives viewers an overview of the company, and the significance of the company's latest press release.

    To view the clip in its entirety, visit: http://www.tv.wallst.net/r/3-minute-press/PYDS/228/951

    About Payment Data Systems, Inc.:

    Payment Data Systems, Inc. is an integrated provider of world class electronic payment solutions to merchants, billers, banks, service bureaus, and credit and stored-value card issuers. PDS specifically tailored solutions manage critical points along the full spectrum of the transactional chain, ranging from card issuance to payment acceptance to electronic bill payment. For additional information, visit http://www.paymentdata.com/. Contact Michael Long for Investor Relations information at 210-249-4040 or email at ir@paymentdata.com.

    About WallStreet Direct, Inc.

    WallStreet Direct, Inc. operates WallSt.net (http://www.wallst.net/), a leading source of up-to-the-minute business news, comprehensive financial tools and original multimedia content for the investment community. In addition to WallSt.net, WallStreet Direct owns and operates WallStRadio (http://radio.wallst.net/), an online hub for business podcasts from well-known business news personalities and publishers, and WallStTV (http://tv.wallst.net/), a hub for business and finance video content. We have received two hundred eighty dollars from Payment Data Systems, Inc. for the dissemination of this press release. To read our full disclaimer, and for a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.php.

    Contact: WallStreet Direct, Inc. 800-4-WALLST

    Payment Data Systems, Inc.; WallStreet Direct, Inc.

    CONTACT: WallStreet Direct, Inc., 1-800-4-WALLST

    Web site: http://www.paymentdata.com/
    http://www.wallst.net/




    Plexus Announces Renewal of Shareholder Rights Plan

    NEENAH, Wis., Aug. 29 /PRNewswire-FirstCall/ -- Plexus Corp. today announced that its Board of Directors adopted a shareholder rights plan at a regularly scheduled meeting. This plan replaces a similar plan that expired on August 12, 2008. The shareholder rights plan includes the declaration of a dividend of one preferred share purchase right on each outstanding share of the company's common stock. The issuance of the rights will be made on September 26, 2008, to shareholders of record as of the close of business on September 12, 2008.

    Under the new plan, the rights will be exercisable only if a person or group (with certain exceptions) acquires 20% or more of the company's common stock or announces a tender offer, consummation of which would result in ownership by the person or group of 20% or more of the common stock. The previous plan included a 15% threshold before rights would be exercisable.

    The rights are designed to enable the company's shareholders to realize the full long-term value of their investment and to provide for fair and equal treatment for all shareholders in the event that an unsolicited attempt is made to acquire the company. The plan is intended to provide the Board with sufficient time to consider any and all alternatives to such an action and is similar to plans adopted by many other public companies. The plan's adoption is not in response to any specific effort to acquire control of the company, and the Board of Directors is not aware of any such effort.

    About Plexus Corp. - The Product Realization Company

    Plexus (http://www.plexus.com/) is an award-winning participant in the Electronics Manufacturing Services (EMS) industry, providing product design, supply chain and materials management, manufacturing, test, fulfillment and aftermarket solutions to branded product companies in the Wireline/Networking, Wireless Infrastructure, Medical, Industrial/Commercial and Defense/Security/Aerospace market sectors.

    The Company's unique Focused Factory manufacturing model and global supply chain solutions are strategically enhanced by value-added product design and engineering services. Plexus specializes in mid- to low-volume, higher-mix customer programs that require flexibility, scalability, technology and quality.

    Plexus provides award-winning customer service to more than 100 branded product companies in North America, Europe and Asia.

    Plexus Corp.

    CONTACT: Ginger Jones, Vice President, Chief Financial Officer of Plexus
    Corp., +1-920-751-5487, ginger.jones@plexus.com

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




    New Version of CimatronE Previewed at IMTSOffers New Capabilities for Mold, Die, Tool Makers and Manufacturers

    GIVAT SHMUEL, Israel, August 29 /PRNewswire-FirstCall/ -- A new version of CimatronE, the leading CAD/CAM solution for tool making and manufacturing, will be previewed at the 2008 International Manufacturing Technology Show (IMTS), which will take place September 8-13 in Chicago, Illinois.

    Helping tool makers and manufacturers deliver higher quality tools and products at lower costs and shorter cycle times, the CimatronE CAD/CAM solution suite addresses the entire process from quoting through design, engineering changes, NC, and EDM programming to delivery.

    Highlights of the new and enhanced capabilities in CimatronE 9.0 include: - A new application for transfer die design - A new die quote generator - Greater mold design automation - A new application for defining electrode measuring points and probe path - New machining strategies for High Speed Machining (HSM) and 5-Axis milling - New capabilities for handling Product Manufacturing Information (PMI) throughout the design and manufacturing process

    "Toolmakers and manufacturers come to the IMTS looking for the latest technologies that can help them stay ahead of the competition. We are excited to share our latest enhancements to the CimatronE product line with the people attending this show," said Bill Gibbs, President of Cimatron Technologies Inc.

    The CimatronE solutions will be presented at booth# D-3037 at the IMTS, which will be taking place September 8-13 at the McCormick Place in Chicago, Illinois. For information and registration, visit http://imts.com/.

    See also the latest innovations for Production by visiting the GibbsCAM booth # D-3001.

    About Cimatron

    With over 25 years of experience and more than 40,000 installations worldwide, Cimatron is a leading provider of integrated, CAD/CAM solutions for mold, tool and die makers as well as manufacturers of discrete parts. Cimatron is committed to providing comprehensive, cost-effective solutions that streamline manufacturing cycles, enable collaboration with outside vendors, and ultimately shorten product delivery time.

    The Cimatron product line includes the CimatronE and GibbsCAM brands with solutions for mold design, die design, electrodes design, 2.5 to 5 axes milling, wire EDM, turn, mill-turn, rotary milling, multi-task machining, and tombstone machining. Cimatron's subsidiaries and extensive distribution network serve and support customers in the automotive, aerospace, medical, consumer plastics, electronics, and other industries in over 40 countries worldwide.

    Cimatron is publicly traded on the NASDAQ exchange under the symbol CIMT. For more information, please visit the company web site at: http://www.cimatron.com/.

    This press release includes forward looking statements, within the meaning of the Private Securities Litigation Reform Act Of 1995, which are subject to risk and uncertainties that could cause actual results to differ materially from those anticipated. Such statements may relate to the company's plans, objectives and expected financial and operating results. The words "may," "could," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions or variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of the future performance and involve risks and uncertainties, many of which are beyond the company's ability to control. The risks and uncertainties that may affect forward looking statements include, but are not limited to: currency fluctuations, global economic and political conditions, marketing demand for Cimatron products and services, long sales cycle, new product development, assimilating future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties of the business, refer to the Company's filings with the Securities and Exchanges Commission. The company cannot assess the impact of or the extent to which any single factor or risk, or combination of them, may cause. Cimatron undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.

    For More Information Contact: Idit Pass Lagziel Marketing Manager Cimatron Ltd. Phone: +972-3-5312098 Email: iditp@cimatron.com Ilan Erez Chief Financial Officer Cimatron Ltd. Phone: +972-3-531-2121 Email: ilane@cimatron.com Yael Nevat Commitment-IR.com Phone: +972-3-611-4466 +972-50-762-6215 Email: yael@commitment-IR.com

    Cimatron Ltd

    CONTACT: For More Information Contact: Idit Pass Lagziel, Marketing
    Manager, Cimatron Ltd., Phone: +972-3-5312098, Email: iditp@cimatron.com;
    Ilan Erez, Chief Financial Officer, Cimatron Ltd., Phone: +972-3-531-2121,
    Email: ilane@cimatron.com, Yael Nevat, Commitment-IR.com, Phone:
    +972-3-611-4466, +972-50-762-6215, Email: yael@commitment-IR.com




    VisionChina Media Appoints Christopher Holbert Vice President of Finance

    BEIJING, Aug. 29 /Xinhua-PRNewswire/ -- VisionChina Media Inc. , one of China's largest mass transportation mobile television advertising networks, today announced the appointment of Mr. Christopher Holbert as vice president of finance, effective immediately. Holbert will oversee daily financial reporting functions and report directly to chief financial officer, Ms. Dina Liu.

    "We are delighted to have Holbert join the senior management team at VisionChina Media," said Limin Li, VisionChina Media's chairman and chief executive officer. "Holbert, an American CPA, brings over 10 years experience in corporate finance in China to VisionChina Media and also brings extensive expertise in Sarbanes Oxley compliance. Holbert has great depth of financial and operational experience within Chinese companies. We expect Holbert to contribute significantly to our endeavor to become a nationally recognized leader in mass transit mobile advertising and also help strengthen the control mechanisms of our rapidly expanding company."

    Holbert joins VisionChina Media from TechFaith Wireless , a China-based product provider focused on research and development for cell phone solutions, where he served as chief finance officer beginning in 2006. Prior to that, Holbert was director of finance of CDC Corporation, where he was responsible for financial reporting, Sarbanes Oxley compliance and other financial operations. Holbert served as an auditor and consultant with Deloitte Touche Tohmatsu New York and Taipei earlier in his career.

    Holbert holds a Bachelor of Science degree in accounting from Bowie State University in Maryland, U.S. He is a New York State licensed CPA and is fluent in both written and spoken Mandarin Chinese. Holbert has lived in China for the past 11 years.

    Holbert is based out of VisionChina Media's head office in Shenzhen. About VisionChina Media Inc.

    VisionChina operates an out-of-home advertising network on mass transportation systems, including buses and subways that reach approximately 26 million viewers each day in China, according to CTR Market Research. As of June 30, 2008, VisionChina's advertising network included over 60,160 mobile digital displays on mass transportation systems in 17 of China's most affluent cities, including all four of China's Tier I cities, Beijing, Shanghai, Guangzhou and Shenzhen. VisionChina has the unique ability to deliver real- time, location-specific broadcasting, including news, stock quotes, weather and traffic reports and other entertainment programming. For more information, please visit http://www.visionchina.cn/ .

    For investor and media inquiries, please contact: In China: Investor Relations Department, VisionChina Media, Inc. Tel: +86-755-8831-8683 Email: ir@visionchina.cn Mrs. Helen F. Plummer Ogilvy Financial, Beijing Tel: +86-10-8520-3090 Email: helen.plummer@ogilvy.com In the United States: Ms. Jessica Barist Cohen Ogilvy Financial, New York Tel: +1-646-460-9989 Email: jessica.cohen@ogilvy.com

    VisionChina Media Inc.

    CONTACT: In China: Investor Relations Department, VisionChina Media,
    Inc., +86-755-8831-8683, or ir@visionchina.cn; Mrs. Helen F. Plummer, Ogilvy
    Financial, Beijing, +86-10-8520-3090, or helen.plummer@ogilvy.com; In the
    United States: Ms. Jessica Barist Cohen, Ogilvy Financial, New York, or +1-
    646-460-9989, or jessica.cohen@ogilvy.com

    Web Site: http://www.visionchina.cn/




    VanceInfo to Attend SIG Second Annual Beijing Management Summit

    BEIJING, Aug. 29 /Xinhua-PRNewswire/ -- VanceInfo Technologies Inc. ("VanceInfo" or the "Company"), an IT service provider and one of the leading offshore software development companies in China, today announced that Mr. Sidney X. Huang, VanceInfo's Chief Operating Officer and Chief Financial Officer, is scheduled to present in the SIG Second Annual Beijing Management Summit to be held at Grand Hyatt Hotel in Beijing, China, from Wednesday, September 10, to Friday, September 12, 2008.

    Mr. Huang will present at 10:20 a.m. (Beijing Time) on September 11, 2008 and hold one-on-one meetings with investors and analysts on the same day to discuss VanceInfo's recent developments and business strategy. Those who wish to attend the summit should contact Susquehanna International Group to request additional information.

    About VanceInfo

    VanceInfo Technologies Inc. is an IT service provider and one of the leading offshore software development companies in China. VanceInfo was the first China software development outsourcer listed on the New York Stock Exchange.

    The Company ranked number one among Chinese offshore software development service providers for the North American and European markets as measured by 2007 revenues, according to International Data Corporation, or IDC, a leading independent market research firm.

    VanceInfo's comprehensive range of IT services includes research & development services, enterprise solutions, application development & maintenance, quality assurance & testing, and globalization & localization. VanceInfo provides these services primarily to corporations headquartered in the United States, Europe, Japan, and China, targeting high growth industries such as technology, telecommunications, financial services, manufacturing, retail and distribution.

    VanceInfo Technologies Inc.

    CONTACT: Melissa Ning, Director, Investor Relations, VanceInfo
    Technologies Inc., +86-10-8282-5330, or ir@vanceinfo.com




    Aga Rangemaster - Resilient Results and Well Positioned for the Mid-Term

    LONDON, August 29 /PRNewswire/ -- Aga Rangemaster today unveiled what it said was a 'resilient' set of half year results and argued that its product range remains relevant to consumer needs.

    The company reported flat pre-tax profits of GBP12.3 million and a dividend hike of almost 4% - the 7th year in a row that Aga has increased its payout.

    In a video interview, Chief Executive William McGrath said that consumers were right to be concerned about higher energy costs.

    "We do think we've got a lot of relevant products that can offset the concerns that consumers do, rightly, have."

    Introducing a concept he dubbed "Aganomics", Mr McGrath argued the cost of running a 3-oven, gas Aga - around GBP15 a week - can be cheaper than using conventional appliances .

    The company said it was on a strong financial footing after the disposal last year of its Foodservices business and it remained focussed on a 12% return on sales over the mid-term.

    The interview, transcript, podcast and vodcast are available now on http://w3.cantos.com/aga_rangemaster. .

    It's free to view. All you need to do is register at http://www.cantos.com. Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333.

    Aga Rangemaster Group plc

    If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333.




    Aga Rangemaster - Resilient Results and Well Positioned for the Mid-Term

    LONDON, August 29 /PRNewswire-FirstCall/ -- Aga Rangemaster today unveiled what it said was a 'resilient' set of half year results and argued that its product range remains relevant to consumer needs.

    The company reported flat pre-tax profits of GBP12.3 million and a dividend hike of almost 4% - the 7th year in a row that Aga has increased its payout.

    In a video interview, Chief Executive William McGrath said that consumers were right to be concerned about higher energy costs.

    "We do think we've got a lot of relevant products that can offset the concerns that consumers do, rightly, have."

    Introducing a concept he dubbed "Aganomics", Mr McGrath argued the cost of running a 3-oven, gas Aga - around GBP15 a week - can be cheaper than using conventional appliances .

    The company said it was on a strong financial footing after the disposal last year of its Foodservices business and it remained focussed on a 12% return on sales over the mid-term.

    The interview, transcript, podcast and vodcast are available now on http://w3.cantos.com/aga_rangemaster. .

    It's free to view. All you need to do is register at http://www.cantos.com/. Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333.

    Aga Rangemaster Group plc

    CONTACT: If you would like to contact us, please email
    enquiries@cantos.com or phone +44-207-936-1333.




    LDK Signs Seven-Year Wafer Supply Agreement With Hyundai Heavy Industries Co., Ltd.

    XINYU CITY, China and SUNNYVALE, Calif., Aug. 29 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd ("LDK Solar"), a leading manufacturer of solar wafers, today announced that it has signed a seven-year contract to supply multicrystalline solar wafers to Republic of Korea-based Hyundai Heavy Industries Co., Ltd (HHI).

    Under the terms of the agreement, LDK Solar will deliver approximately 440 MW of multicrystalline silicon solar wafers to Hyundai Heavy Industries Co., Ltd over a seven-year period, commencing in 2009 and extending through 2015. Hyundai Heavy Industries Co., Ltd will make a down payment representing a portion of the contract value to LDK Solar.

    "We are pleased to have entered into an additional agreement with Hyundai Heavy Industries Co., Ltd. and build upon our partnership," stated Mr. Xiaofeng Peng, Chairman and CEO of LDK Solar. "We continue to support HHI as they expand their presence in the solar markets."

    "As we continue to grow our solar business and meet the growing demand for our products in Korea and globally, we are excited to strengthen our long-term wafer supply pipeline by reaching this agreement to secure additional high-quality wafers from LDK Solar," commented Kwon-Tae Kim, HHI's Executive Vice President.

    About LDK Solar

    LDK Solar Co., Ltd. is a leading manufacturer of solar wafers, which are the principal raw material used to produce solar cells. LDK Solar sells wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, LDK Solar provides wafer processing services to solar cell and module manufacturers. LDK Solar's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. Its office in the United States is located in Sunnyvale, California.

    About Hyundai Heavy Industries Co., Ltd.

    Hyundai Heavy Industries (HHI) is an integrated heavy industries company with six divisions such as shipbuilding and electro electric systems, and combines all of HHI's interests in renewable energies like solar, wind, electric vehicles for low carbon transport, combined gas-fired power generation, and distributed energy for emerging markets. HHI's solar business office and factory are located in Eumseong, Korea, and its headquarters and most of the facilities in Ulsan city, Korea.

    Safe Harbor/Forward Looking Statements

    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, LDK Solar's ability to raise additional capital to finance its activities; the effectiveness, profitability, and marketability of its products; the future trading of its securities; the ability of LDK Solar to operate as a public company; the period of time for which its current liquidity will enable LDK Solar to fund its operations; its ability to protect its proprietary information; general economic and business conditions; the volatility of its operating results and financial condition; its ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in LDK Solar'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 LDK Solar and the industry.

    LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although LDK Solar 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.

    LDK Solar Co., Ltd

    CONTACT: Jack Lai, Executive VP and CFO of LDK Solar Co., Ltd.,
    +1-408-245-8801, IR@ldksolar.com; or Lisa Laukkanen of The Blueshirt Group,
    +1-415-217-4967, lisa@blueshirtgroup.com, for LDK Solar

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




    Exercises With Stock Options of Nokia Corporation

    ESPOO, Finland, August 29 /PRNewswire-FirstCall/ -- Based on Nokia's 2003 and 2005 employee stock option plans, 266 866 shares of Nokia Corporation were subscribed for between July 29, 2008 and August 25, 2008. The total amount of subscription prices will be recorded in the fund for invested non-restricted equity.

    The new shares carry full shareholder rights as from the registration date, August 29, 2008. The shares are admitted to public trading on the OMX Nordic Exchange Helsinki as of the registration date together with the old Nokia share class (NOK1V).

    After the registration, the total number of shares is 3 800 835 514, including the shares held by the company.

    http://www.nokia.com/

    Nokia Corporation

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




    Microsoft to Acquire Greenfield Online Including Its European Subsidiary Ciao, a Leading European Price Comparison and Shopping Site

    LONDON, August 29 /PRNewswire/ --

    - Acquisition of Ciao will expand Live Search offering in Europe.

    Microsoft Corp today announced that it has reached an agreement to acquire Greenfield Online Inc, owner of Ciao GmbH, one of Europe's leading price comparison, shopping and consumer reviews sites, in a move that will further extend Microsoft's search and e-commerce services in Europe. Under the terms of the agreement, Microsoft will commence a cash tender offer to purchase all of the outstanding shares of Greenfield Online for $17.50 (US) per share in a transaction valued at approximately $486 million (US).

    (Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)

    Ciao is a comprehensive source for intelligent shopping on the web, combining consumer reviews and ratings from a multimillion-user-strong online community with up-to-date price information from thousands of online merchants. It currently has more than 26.5 million unique visitors per month (source: comScore Inc, May 2008) across seven countries, who so far have generated more than 5 million product reviews.

    The acquisition signals a further milestone investment for Microsoft in Europe and will see Microsoft increase its European commercial search capabilities as part of its intent to make Microsoft Live Search the premier destination for consumers looking to research and purchase goods and services online, as well as enable merchants to drive greater online sales.

    Ciao's technology platform, online community and extensive merchant relationships will be integrated within the Live Search platform to deliver a richer, more rewarding experience for both advertisers and consumers.

    In a related transaction, Microsoft has secured a buyer for Greenfield Online's Internet survey solutions, a business that has been the cornerstone of Greenfield Online since 2001. Both transactions are expected to close during the fourth quarter of 2008.

    "Ciao's success has been led by a team of talented people who took a unique combination of intuitive technology and the insight that comes out of their passionate consumer community to become one of Europe's leading shopping comparison sites," said John Mangelaars, vice president, Consumer and Online, Microsoft Europe, Middle East and Africa. "This makes the company a fantastic asset to the future of our search offer. Integrating Ciao's capabilities into Live Search will provide a strong launchpad for our commercial search offer in Europe and enhance our e-commerce offering on MSN."

    Microsoft's search strategy is focused on three key areas: delivering the best results, simplifying key tasks and innovating in the business model. For commercial search, this means simplifying how consumers research and purchase online. Work is ongoing to ensure that Live Search delivers across all these categories, building on recent progress including the acquisition of Multimap and the decision to open a European Search Technology Centre this financial year.

    Commenting on the announcement, Albert Angrisani, president and CEO of Greenfield Online, said, "We're proud of the community that we have helped to establish, and we're looking forward to exploring the new opportunities, technologies and relationships that Microsoft and the Live Search platform can unlock. Like Microsoft, we are passionate about delivering a great end-to-end commerce search experience. Today's announcement will significantly accelerate our ambition and will deliver real benefit for consumers and merchants across Europe."

    Upon close of the agreement, the Ciao business will report to Rajat Taneja, general manager for Worldwide Commercial Search at Microsoft.

    About Ciao GmbH

    Ciao GmbH is one of Europe's leading providers of consumer and price comparison websites. The firm operates shopping communities in seven countries and languages (ciao.co.uk, http://www.ciao-group.com, http://ciao.de, ciao.fr, ciao.it, ciao.es, ciao-shopping.nl, ciao.se). Internet users will find more than four million products and more than five million independent product evaluations and reports of people's experiences in over 20 categories, such as cars, computers, digital cameras, finances, mobile phones, travel, electronics or foodstuffs. Ciao is ranked as the most popular shopping website in Europe.

    Ciao GmbH was founded in Munich in 1999 and since 2005 it has belonged to Greenfield Online, Inc. (Nasdaq: SRVY). The headquarters of Ciao GmbH is in Munich. Further offices are located in London, Paris, Timisoara (Romania) and Wroclaw (Poland). Further information including digital material to provide illustration can be found at: http://www.ciao-group.com or http://www.greenfield.com/.

    About Microsoft

    Founded in 1975, Microsoft (Nasdaq: MSFT) is the worldwide leader in software, services and solutions that help people and businesses realise their full potential.

    About Microsoft EMEA (Europe, Middle East and Africa)

    Microsoft has operated in EMEA since 1982. In the region Microsoft employs more than 16,000 people in over 64 subsidiaries, delivering products and services in more than 139 countries and territories.

    This material is for informational purposes only. Microsoft Corp disclaims all warranties and conditions with regard to use of the material for other purposes. Microsoft Corp shall not, at any time, be liable for any special, direct, indirect or consequential damages, whether in an action of contract, negligence or other action arising out of or in connection with the use or performance of the material. Nothing herein should be construed as constituting any kind of warranty.

    Important Additional Information: The tender offer for the outstanding common stock of Greenfield Online Inc has not yet commenced. This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities. The solicitation and the offer to buy shares of Greenfield Online common stock will only be made pursuant to a tender offer statement on Schedule TO, an offer to purchase and related materials that Microsoft intends to file with the Securities and Exchange Commission. Once it is filed, Greenfield Online stockholders should read these materials carefully prior to making any decisions with respect to the tender offer because they contain important information, including the terms and conditions of the tender offer. Once it is filed, Greenfield Online stockholders will be able to obtain a copy of the tender offer statement, the offer to purchase and other filed documents related to the tender offer free of charge at the Securities and Exchange Commission's website at http://www.sec.gov, from the information agent named in the tender offer materials, or from Microsoft by going to Microsoft's Investor Relations website at http://www.microsoft.com/msft.

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

    Microsoft Corp

    Alex Kingdon of Microsoft Consumer and Online, +44(0)7971-002936; or Paul Davies, +44(0)207-025-6504, +44(0)7971-207017, OSBEMEAConsumerteam@redconsultancy.com, Paul.davies@redconsultancy.com, or Justin Bates, +44(0)207-025-6419, +44(0)7878-357463, redcoiemea@redconsultancy.com, justin.bates@redconsultancy.com, both of The Red Consultancy, for Microsoft Consumer and Online; or Microsoft EMEA Response Centre, emearesponse@waggeneredstrom.com; NOTE TO EDITORS: If you are interested in viewing additional information on Microsoft in EMEA, please visit http://www.microsoft.com/emea or the EMEA Press Centre at http://www.microsoft.com/emea/presscentre. Web links, telephone numbers and titles were correct at the time of publication, but may since have changed. For additional assistance, journalists and analysts may contact the appropriate contacts listed at http://www.microsoft.com/emea/presscentre/contactus.mspx. If you are interested in viewing additional information on Microsoft Corp, please visit the Microsoft web page at http://www.microsoft.com/presspass on Microsoft's corporate information pages.; Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO, AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com




    Plantronics Teams with Dolby to Deliver Enhanced PC Game Play with Virtual 5.1 Surround SoundNew GameCom 777 PC Headset Unleashes Surround Sound In Games

    SANTA CRUZ, Calif., Aug. 29 /PRNewswire-FirstCall/ -- Plantronics today announced the new GameCom 777(R) Surround Sound Gaming Headset featuring Dolby(R) Headphone technology, which allows users to play PC games, listen to music and watch movies with dramatic virtual 5.1 surround sound effects.

    (Photo: http://www.newscom.com/cgi-bin/prnh/20080829/AQF011)

    The Plantronics GameCom 777 features Dolby Headphone and Dolby Pro Logic(R) II technologies in a plug-and-play USB sound card that digitally processes sound for immersive audio. Similar to its application in high-performance home theater systems, Dolby Pro Logic II, processes high-quality stereo (two-channel) (redundant with above) audio into five channels of full-bandwidth surround sound.

    In addition to its surround sound capabilities, the GameCom 777 was engineered with numerous functional and ergonomic wearing benefits. Features include a unique 'hide-away' boom designed to tuck into the headband and turn the headset into a pair of high-quality headphones for music and multimedia use. A telescoping, noise-canceling microphone provides more accurate positioning for voice clarity. And in-line volume and microphone mute controls provide gamers fingertip audio and voice direction.

    "Over the past 18 months, we have immersed ourselves in the gaming community to understand their unique headset needs," said Renee Niemi, general manager and vice president, Mobile & Entertainment for Plantronics. "We observed that they want a rugged, comfortable headset with the best sound available to improve competitive game play. The GameCom 777 delivers on these requirements by uniting Dolby digital surround sound with a durable, unique headset design that has been tuned for gamers."

    "Dolby surround sound is a great way to bring more excitement and realism to gaming sessions," said Matt Tullis, Senior Manager, Games Market Segment, Dolby Laboratories. "And for gamers who play into the night, Dolby Headphone technology is designed to relieve the discomfort and fatigue that comes with extended headphone use."

    In additional to multi-directional Dolby virtual surround sound, the GameCom 777 delivers rich bass for a truly immersive gaming experience. A one-step USB 2.0/1.1 makes connection truly plug and play, versus competitive products requiring lengthy software downloads and bulky control boxes.

    A Complete Lineup of PC Headsets

    Alongside the GameCom 777, Plantronics is introducing two analog PC headsets -- the GameCom 367(R) and GameCom 377(R) PC headsets. All three GameCom headsets are built of lightweight materials and feature specialized earpods to redistribute pressure for maximum comfort. Each headset offers the 'hide-away' boom, a telescoping, noise-canceling microphone and in-line volume and microphone mute controls. Cables are made of durable reinforced materials to withstand frequent wear and tear and abuse by gamers.

    The complete line of new Plantronics' PC gaming headsets includes the GameCom 777 Surround Sound Gaming Headset with Dolby technology (ESP $99.99), the GameCom 377 Open Ear Gaming Headset (ESP $49.99), and the GameCom 367 Closed-Ear Gaming Headset (ESP $39.99).

    Each GameCom headset is compatible for VoIP internet programs such as Skype, Windows Live, and Yahoo! Messenger.

    Gamers can check out the GameCom line of headsets at the Penny Arcade Expo in Seattle, WA on August 29 - 31. For more info on the Penny Arcade Expo visit http://www.pennyarcadeexpo.com/

    The GameCom 777, GameCom 367 and GameCom 377 headsets will be available in September at http://www.plantronics.com/ and at select retailers.

    About Plantronics

    In 1969, a Plantronics headset carried the historic first words from the moon: "That's one small step for man, one giant leap for mankind." Since then, Plantronics has become the headset of choice for mission-critical applications such as air traffic control, 911 dispatch and the New York Stock Exchange. Today, this history of innovation is the basis for every audio product we build for the office, contact center, personal mobile, entertainment and residential markets. The Plantronics family of brands includes Plantronics, Altec Lansing and Clarity. For more information, go to http://www.plantronics.com/ or call (800) 544-4660.

    Altec Lansing, Clarity, GameCom, Plantronics, and Sound Innovation are trademarks or registered trademarks of Plantronics, Inc. Dolby and Pro Logic are registered trademarks of Dolby Laboratories.

    Jennifer Shanks Carlos Mangandy Plantronics, Inc. The Hoffman Agency 831-458-7084 408-975-3004 Jennifer.shanks@plantronics.com Cmangandy@hoffman.com

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080829/AQF011
    AP Archive: http://photoarchive.ap.org/
    AP PhotoExpress Network: PRN2
    PRN Photo Desk, photodesk@prnewswire.com Plantronics, Inc.

    CONTACT: Jennifer Shanks of Plantronics, Inc., +1-831-458-7084,
    Jennifer.shanks@plantronics.com; or Carlos Mangandy of The Hoffman Agency,
    +1-408-975-3004, Cmangandy@hoffman.com, for Plantronics, Inc.

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




    White Electronic Designs Corporation's Chairman, President and CEO Resigns to Pursue Other Opportunities

    PHOENIX, Aug. 28 /PRNewswire-FirstCall/ -- White Electronic Designs Corporation announced today that Hamid R. Shokrgozar has resigned as Chairman, President, Chief Executive Officer, and director to pursue other opportunities.

    Following Mr. Shokrgozar's resignation, Edward A. White, the Company's founder, was elected Chairman of the Board. The Board has begun an immediate search for a replacement. Until a permanent replacement is identified, Roger A. Derse, Vice President and Chief Financial Officer, and Dante V. Tarantine, Executive Vice President Sales and Marketing, will perform the duties of the office of the President of the Company. The Office of the President will report to a committee of the Board headed by Mr. White. The Board also formed a Special Committee to evaluate all possible strategic alternatives.

    Mr. White, on behalf of the board, released this statement: "We acknowledge Hamid for his contributions and accomplishments throughout his tenure with the Company. Under Hamid's leadership, White Electronic Designs Corporation undertook key strategic initiatives and we believe that the Company is well positioned to grow its business and to continue to focus on its core markets. We express gratitude for Hamid's dedication and wish him success in his future endeavors."

    "I am extremely proud of what we have accomplished at White Electronic Designs Corporation over the past ten years and I believe the Company is well positioned to capitalize on the substantial opportunities ahead of it," said Mr. Shokrgozar. "I wish the Company and all of its employees continued success in the future."

    About White Electronic Designs Corporation

    White Electronic Designs Corporation designs and manufactures innovative high technology components, systems, and branded products for military, industrial, medical and commercial markets. Our Microelectronic products include high-density memory packages and advanced self contained multi-chip and system-in-a-chip modules that are used in a growing range of applications across the Company's markets. We also produce anti-tamper security coatings for mission-critical semiconductor components in defense applications. Our Display segment designs and manufactures enhanced and reinforced high-legibility flat-panel displays for commercial, medical, defense and aerospace systems. The segment also designs and manufactures digital keyboard and touch-screen operator-interface systems, and electromechanical assemblies for commercial, industrial and military systems. We are headquartered in Phoenix, Arizona and have design and manufacturing centers in Arizona, Indiana, Ohio, and Oregon and manufacturing relationships in China. To learn more about us, visit our website at http://www.whiteedc.com/.

    CONTACT: Mr. Roger A. Derse Lytham Partners, LLC Chief Financial Officer Joseph Diaz, Jr. White Electronic Designs Corporation 602-889-9700 (602) 437-1520 diaz@lythampartners.com rderse@whiteedc.com

    White Electronic Designs Corporation

    CONTACT: Mr. Roger A. Derse, Chief Financial Officer of White Electronic
    Designs Corporation, +1-602-437-1520, rderse@whiteedc.com; or Joseph Diaz, Jr.
    of Lytham Partners, LLC, +1-602-889-9700, diaz@lythampartners.com, for White
    Electronic Designs Corporation

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




    CARBO Ceramics Inc. Announces Sale of Fracture and Reservoir Diagnostic Assets and Stock Repurchase PlanConference Call Scheduled for August 29, 9:00 a.m. Central Time

    IRVING, Texas, Aug. 28 /PRNewswire-FirstCall/ -- CARBO Ceramics Inc. has entered into a definitive agreement with Halliburton to sell a portion of the assets of its wholly-owned subsidiary, Pinnacle Technologies, for $137 million. The Company will sell its Fracture and Reservoir Diagnostics business, including the Pinnacle Technologies, Inc. name and related trademarks to Halliburton but will retain the industry-leading hydraulic fracturing simulation software FracProPT, the hydraulic fracturing design, engineering and consulting business and Applied Geomechanics, a leader in tiltmeter technology for geotechnical applications.

    In addition, the Company's Board of Directors authorized the repurchase of up to two million shares of its common stock. As of August 28, 2008 the Company had 24.6 million shares outstanding.

    Gary Kolstad, President and CEO of CARBO Ceramics, commented on the transaction, stating, "The fracture and reservoir diagnostics business has been a high growth business for us, and we believe the future potential of this business is reflected in the value we received for these assets. In addition to the sale of assets, we have executed a multi-year proppant supply agreement with Halliburton that is intended to support our plans to continue to expand the production and use of our superior quality ceramic proppant worldwide. This transaction monetizes the value of a high growth business we acquired a little over six years ago and eliminates a conflict with our valued ceramic proppant customers. Equally important, we are retaining the highly respected software and consulting businesses. These two businesses are highly complementary to the ceramic proppant business, share the same client base and taken together, form an important piece of the global fracturing marketplace.

    "We recently announced a 21 percent increase in our quarterly dividend, the approval of a $70 million capacity expansion at our facility in Toomsboro, Georgia and now the authorization to repurchase up to 2.0 million shares of the Company's common stock. These actions clearly demonstrate our confidence in our ability to grow our business and generate cash."

    The final sales price of the assets being sold is subject to adjustment for changes in working capital and the closing of the transaction is subject to approval under The Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary closing conditions. The parties expect closing to occur within 30-60 days.

    Under the stock repurchase authorization, shares may be repurchased from time to time by the Company at its discretion in the open market or through privately negotiated transactions, depending on prevailing market conditions, alternative uses of capital and other factors. The share repurchase program does not have an expiration date but may be limited or terminated at any time without notice.

    A conference call to discuss the matters set forth in this press release has been scheduled for August 29, 2008 at 9:00 a.m. Central time (10:00 a.m. Eastern). To participate in the call, please dial 877-833-3328 and refer to the "CARBO Ceramics Conference Call" or conference ID #62157577. International callers should dial 706-758-3933. The call can also be accessed live or on a delayed basis via the company's Web site, http://www.carboceramics.com/.

    CARBO Ceramics Inc., based in Irving, Texas, is the world's leading supplier of high conductivity ceramic proppants, and provides fracture design software and fracture consulting services to oil and natural gas well operators worldwide.

    The statements in this news release that are not historical statements, including statements regarding our future financial and operating performance, are forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. All forward-looking statements are based on management's current expectations and estimates, which involve risks and uncertainties that could cause actual results to differ materially from those expressed in forward-looking statements. Among these factors are changes in overall economic conditions, changes in demand for our products, changes in the demand for, or price of, oil and natural gas, risks of increased competition, technological, manufacturing and product development risks, loss of key customers, changes in government regulations, foreign and domestic political and legislative risks, the risks of war and international and domestic terrorism, risks associated with foreign operations and foreign currency exchange rates and controls; weather-related risks and other risks and uncertainties described in our publicly available filings with the Securities and Exchange Commission. We assume no obligation to update forward-looking statements, except as required by law.

    CARBO Ceramics Inc.

    CONTACT: Paul Vitek, CFO of CARBO Ceramics Inc., +1-972-401-0090

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

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