Companies news of 2008-11-26 (page 1)
Streamline Health Announces Appointment of Interim Chief Financial Officer
FISO Technologies continues to extend its offer with a new high-speed signal conditionner...
Maxcom Telecomunicaciones, S.A.B. de C.V. General Ordinary Shareholders Meeting First Call...
Informatica to Present at NASDAQ OMX 22nd Investor Program
Attunity Announces 2008 Annual General Meeting
SAP Names COO Erwin Gunst Labor Relations Director and Responsible for HR, IT and SAP Labs...
Media Advisory - Certicom to Hold Second Quarter Fiscal 2009 Conference Call on December...
The Prologic Report - 'Technology in Fashion' - Highlights Fashion Sector is Defying Gloom...
The Prologic Report - 'Technology in Fashion' - Highlights Fashion Sector is Defying Gloom...
MTS Declares Quarterly Dividend
Mercury Computer Systems Receives $1.3M Initial Order from Leading Semiconductor Equipment...
Usage on Voyager Online Reading and Math Programs Continues to ClimbTicket to Read...
comScore Releases October 2008 U.S. Search Engine Rankings
More TV Choice and Competition Near for Residents of Maynard, Mass.Town Approves Video...
Massachusetts Consumers Can Enjoy Dinner and Thousands of Free MoviesVerizon Opens...
comScore Releases Japan Search Engine Rankings for September 2008Nearly 6 Billion Searches...
Verizon Wireless Stores, Kiosks Extend Hours for Holiday Shopping 'Storm'New BlackBerry...
Seagate to Participate in Upcoming Investor Conferences
Spectrum Pharmaceuticals and Cell Therapeutics to Jointly Market ZEVALIN, a Proprietary,...
Systems Integration Labs for Presidential Helicopter Program Fully Capable at U.S. Navy...
AT&T Expands Presence in Middle East and Africa Market, Appoints New Sales HeadKevin Maher...
STMicroelectronics' STM32 Microcontroller Wins EDN China 2008 'Best Product' Innovation...
Tyco Electronics to Present at Credit Suisse 2008 Annual Technology Conference
Broadcast-Quality TV Now Playing on Verizon Wireless Phones in San AntonioJoins Grand...
EXFO Expands Ethernet Test Capabilities of its Power Blazer ModulesIndustry's most...
Omnicell Attains Microsoft Gold Certified Partner StatusHigh-touch customer support for...
Hampden County, Massachusetts Residents to Benefit From Verizon Wireless Network...
Wegener Corporation Reports Results for Fourth Quarter and Fiscal Year 2008
PLC Systems Receives Full FDA Approval for Pivotal Study of RenalGuard(TM) in The...
Streamline Health Announces Appointment of Interim Chief Financial Officer
CINCINNATI, Nov. 26 /PRNewswire-FirstCall/ -- Streamline Health Solutions, Inc. today announced that its Board of Directors has appointed Donald E. Vick, Jr., as the Company's interim Chief Financial Officer pending the Board's selection of a new permanent Chief Financial Officer. Mr. Vick may be considered as a candidate for such position. Pending the selection of a permanent Chief Financial Officer, Mr. Vick will also continue to serve as the Company's Controller, Assistant Treasurer and Assistant Secretary; positions he has held since February, 2002.
About Streamline Health Solutions, Inc.
Streamline Health is a leading supplier of workflow and document management tools, applications and services that enable strategic business partners and healthcare organizations to improve operational efficiencies through business process optimization. The Company provides integrated technology solutions for automating document-intensive environments, including document workflow, document management, e-forms, portal connectivity, optical character recognition (OCR), and interoperability.
Streamline Health's solutions create a permanent document-based repository of historical health information that is complementary and can be seamlessly integrated with existing disparate clinical, financial and administrative information systems, providing convenient electronic access to all forms of patient information from any location, including secure web-based access. For additional information, visit our website at http://www.streamlinehealth.net/.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995
Statements made by Streamline Health Solutions, Inc. that are not historical facts are forward-looking statements that are subject to risks and uncertainties. The forward-looking statements contained herein are subject to certain risks, uncertainties and important factors that could cause actual results to differ materially from those reflected in the forward-looking statements, included herein. These risks and uncertainties include, but are not limited to, the timing of the closing of contracts and the timing of the subsequent revenue recognition related thereto ,the impact of competitive products and pricing, product demand and market acceptance, new product development, key strategic alliances with vendors that resell the Company products, the ability of the Company to control costs, availability of products produced from third party vendors, the healthcare regulatory environment, healthcare information systems budgets, availability of healthcare information systems trained personnel for implementation of new systems, as well as maintenance of legacy systems, fluctuations in operating results and other risks detailed from time to time in the Streamline Health Solutions, Inc. filings with the U. S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly release the results of any revision to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
COMPANY CONTACT: INVESTOR CONTACT:
J. Brian Patsy Joe Diaz, Robert Blum, Joe Dorame
Chief Executive Officer Lytham Partners, LLC
(513) 794-7100 (602) 889-9700
Streamline Health Solutions, Inc.
CONTACT: CONTACT: Company, J. Brian Patsy, Chief Executive Officer, +1-513-794-7100, of Streamline Health Solutions, Inc.; or Investors, Joe Diaz, Robert Blum, or Joe Dorame, all of Lytham Partners, LLC, +1-602-889-9700, for Streamline Health Solutions, Inc.
Web Site: http://www.streamlinehealth.net/
FISO Technologies continues to extend its offer with a new high-speed signal conditionner for pressure measurement
QUEBEC, Nov. 26 /PRNewswire-FirstCall/ -- FISO Technologies Inc., a subsidiary of Roctest Ltd (TSX: RTT) and a leading manufacturer of high-quality fiber optic sensors and measurement systems for challenging and demanding applications, announces the production release of the FPI-HS, its fastest EVOLUTION module for dynamic pressure measurements. This new fiber optic signal conditioner samples data at a speed of 15 kHz, which is 60 times faster than previous EVOLUTION modules. This new interrogator fulfills the needs for high speed measurements of fast phenomenon where the FPI-HR sampling rate was targeting applications with slower sample rate requirements.
The FPI-HS module is faster than all previous FISO's competitive modules using the White-Light Fabry-Perot Interferometry technology. The new module's system is extremely stable in many configurations, tolerating movements of optical fibers and connectors, light intensity fluctuations and temporary loss of signal. The FPI-HS is not only faster, but also increases measurement accuracy and achieves better resolution than previous products using the same technology. It is the fourth module of the Evolution product line and expands FISO's range of high-quality fiber sensors and measurement systems available to industrial laboratories, medical research centers and process control applications.
"FISO is again taking the lead in product development for the fiber optic sensing community. With more than a decade of experience in the fiber optic sensors and solutions market, FISO is proud to be the leader by developing a wider range of high quality products widely recognized and accepted by its customers. Our systems, which include signal conditioners, chassis, sensors and accessories are high performing, affordable and intuitive to use for users," said Maxim Vachon-Savary, Product Line Manager at FISO Technologies. "We have established our leading position in the market through innovation, continuous improvement and by proactively working with our customers to deliver customized solutions. This has been clearly recognised by our current customers, distributors and OEM partners who have favorably evaluated the FPI-HS module."
About FISO Technologies Inc.
FISO Technologies Inc. designs, manufactures and markets fiber optic sensors and high-precision measuring instruments for challenging and demanding applications in the process control, energy, healthcare and defense markets. Its products are mainly sold internationally. The Company headquarters are located in Quebec City, Quebec (Canada).
FISO Technologies Inc. news releases and product information are available on the Internet at: http://www.fiso.com/
Caution concerning forward-looking statements
---------------------------------------------
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Company. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events, and as such involve a number of risk factors. Such factors may include, without excluding other considerations, risks related to foreign exchange fluctuations, evolution in customer demand for the Company's products and services, the impact of price pressure from competitors and general market trends, economic and geopolitical changes. As a result, readers are advised that actual results may differ from expected results. The Company is not required to update or revise publicly its forward-looking statements, except as may be required under applicable law.
FISO TECHNOLOGIES
CONTACT: Jean Audet, Director, Sales & Marketing, FISO Technologies Inc., (418) 688-8065, e-mail: info@fiso.com
Maxcom Telecomunicaciones, S.A.B. de C.V. General Ordinary Shareholders Meeting First Call
MEXICO CITY, Nov. 26 /PRNewswire-FirstCall/ -- In accordance with article 38 and other applicable articles of the By-laws of the Company, as well as article 181 and other applicable articles of the Mexican General Law for Business Corporations (Ley General de Sociedades Mercantilies), the shareholders of Maxcom Telecomunicaciones, S.A.B. de C.V. are hereby called to a General Ordinary Shareholders' Meeting to be held on December 5, 2008 at 10:00 a.m. at the offices located at Torre del Bosque, B. Manuel Avila Camacho No. 24 (Periferico), 6th Floor, Col. Lomas de Chapultepec, Zip Code 11000 in Mexico, Federal District, which, in accordance with the By-laws of the Company, are located in the corporate domicile of the Company, in order to transact the issues contained in the following:
AGENDA
I. Proposal, discussion and, shall it be the case, resolution of the composition of the Board of Directors, and the appointment, ratification or resignation of the regular and alternate directors of the Board of Directors and, shall it be the case, of the members of the Audit and Corporate Governance Committee of the Company.
II. Designation of special delegates for the Meeting that may execute and formalize the resolutions adopted.
In accordance with clause 43 of the By-laws of the Company and articles 128 and 129 of the Mexican General Law of Business Corporations and article 290 of the Mexican Stock Market Law (Ley del Mercado de Valores), only shareholders registered in the Stock Ledger of the Company, as well as such persons that submit the securities certificates issued by a securities depositary, supplemented by the list that sets forth the names of the shareholders prepared by depositors in that regard, will be entitled to attend or be represented at the Meeting, subject to the applicable provisions of the Mexican Stock Market Law. Shareholders are entitled to attend the Meeting personally or through a representative, subject to the provisions of the By-laws of the Company. In the event that the shareholders attend the Meeting through a representative, such representative shall be designated by means of a proxy letter or a general or special power of attorney granted in accordance with applicable laws, or through the proxy letter that shall be provided by the Company in accordance with article 49, paragraph III of the Mexican Stock Market Law and that shall be available in accordance with said law. Consequently, the shareholders must show the corresponding admission card, which needs to be requested no later than the day immediately preceding the date of the Meeting, in the Office of the Secretary of the Company located at Guillermo Gonzalez Camarena No. 2000, Colonia Centro de Ciudad Santa Fe, Mexico, D.F., C.P. 01210. For such purpose, they will deposit at the Office of the Secretary the share certificates that represent the corresponding shares or the deposit certificates issued in connection with said shares by S.D. Indeval, S.A. de C.V., Institucion para el Deposito de Valores, a domestic or foreign bank or any authorized brokerage firm. In order to obtain the aforementioned admission card, depositors of S.D. Indeval, S.A. de C.V., Institucion para el Deposito de Valores, will enclose the lists that set forth the names of the shareholders to the certificates issued by said institution and official proof of their nationality. Said admission cards and forms may be obtained at the aforementioned Office of the Secretary of the Company, from the release of this notice of meeting to the day immediately preceding the date of the Meeting, on business days and during working hours. Furthermore, in accordance with article 49, paragraph I, of the Mexican Stock Market Law (Ley del Mercado de Valores) and clause 43 of the By-laws of the Company, the information referred to in the Agenda will be made available to the shareholders or their representatives at the same address referred to above, at least fifteen calendar days before the date of the Meeting.
Mexico, D.F., November 26, 2008
Maxcom Telecomunicaciones, S.A.B. de C.V.
CONTACT: Juan-Carlos Sotomayor, Maxcom Telecomunicaciones, +011-52-55-1163-1104, juan.sotomayor@maxcom.com
Web site: http://www.maxcom.com/
Informatica to Present at NASDAQ OMX 22nd Investor Program
REDWOOD CITY, Calif., Nov. 26 /PRNewswire-FirstCall/ -- Informatica Corporation , the leading independent provider of data integration software and services, today announced that Earl Fry, executive vice president and CFO, will present a corporate overview at the NASDAQ OMX 22nd Investor Program in London on Tuesday, December 2, 2008 at 10:45 a.m. GMT.
A live audio Web cast of the event will be available at http://www.informatica.com/investor. An audio Web cast archive of the events will be available until 12:00 p.m. PST on December 9, 2008.
About Informatica
Informatica Corporation is the leading independent provider of enterprise data integration software. Using Informatica products, companies can access, integrate, migrate and consolidate enterprise data across systems, processes and people to reduce complexity, ensure consistency and empower the business. More than 3,350 companies worldwide rely on Informatica for their end-to-end enterprise data integration needs. For more information, call 650-385-5000 (800-653-3871 in the U.S.), or visit http://www.informatica.com/.
Note: Informatica is a registered trademark of Informatica Corporation in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.
Informatica Corporation
CONTACT: Deborah Wiltshire, Public Relations, +1-650-385-5360, dwiltshire@informatica.com, or Stephanie Wakefield, Investor Relations, +1-650-385-5261, swakefield@informatica.com, both of Informatica Corporation
Web site: http://www.informatica.com/
Attunity Announces 2008 Annual General Meeting
BURLINGTON, Massachusetts, November 26 /PRNewswire-FirstCall/ -- Attunity, Ltd. (OTC BB: ATTUF.OB), a leading provider of real-time event capture and data integration software, announced today that its 2008 Annual General Meeting of Shareholders will be held on Wednesday, December 31, 2008 at 10:00 a.m. Israel time, at the offices of the Company, Kfar-Netter Industrial Park, Kfar-Netter, Israel. The record date for the meeting is November 27, 2008.
The Company will send to its shareholders of record a proxy statement describing the various matters to be voted upon at the meeting, along with a proxy card enabling them to indicate their vote on each matter. The Company will also furnish the proxy statement to the Securities and Exchange Commission (SEC) on Form 6-K.
The agenda of this announced annual general meeting is as follows:
1. To elect Ms. Tali Alush-Aben as an outside director;
2. To re-elect Shimon Alon, Dov Biran, Dan Falk, Aki Ratner and Ron Zuckerman as directors of the Company;
3. To approve the reappointment of Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global, as the Company's independent auditors and to authorize the board of directors to delegate to the audit committee the authority to fix the said independent auditors' remuneration in accordance with the volume and nature of their services;
4. To grant stock options to non-employee directors;
5. To approve an amendment to the Company's Memorandum of Association and Articles of Association increasing the Company's authorized share capital from 70,000,000 to 130,000,000 Ordinary Shares;
6. To approve an agreement with the holders of the Company's Convertible Promissory Notes due May 2009; and
7. To review and consider the auditors' report and the Company's consolidated financial statements for the year ended December 31, 2007.
8.
Items 1, 2, 3, 4 and 6 require the approval of a simple majority of the shares voted on the matter. Item 5 requires the affirmative vote of not less than 75% of the shares voted on the matter. Item 7 does not require a vote by the shareholders.
About Attunity
Attunity is a leading provider of real-time event capture and data integration software. Using our software solutions, Attunity's customers enjoy dramatic business benefits by driving down the cost of managing their operational systems, creating flexible, service-based architectures for increased business agility, and by detecting critical actionable business events, as they happen, for faster business execution.
Attunity has supplied innovative software solutions to its enterprise-class customers for nearly 20 years and has successful deployments at thousands of organizations worldwide. Attunity provides software directly and indirectly through a number of strategic and OEM agreements with partners such as Microsoft, Oracle, IBM, HP and SAP/Business Objects. Headquartered in Boston, Attunity serves its customers via offices in North America, Europe, and Asia Pacific and through a network of local partners. For more information, please visit us at http://www.attunity.com/.
Headquartered in Boston, Attunity serves its customers via offices in North America, Europe, and Asia Pacific and through a network of local partners. For more information, please visit us at http://www.attunity.com/
(c) 2008 Attunity Ltd. All rights reserved. Attunity is a trademark of Attunity Inc.
For more information:
Andy Bailey, VP Marketing
Attunity
+1-781-213-5204
andy.bailey@attunity.com
Dror Elkayam, VP Finance
Attunity
+972-9-899-3000
dror.elkayam@attunity.com
Attunity Ltd
CONTACT: For more information: Andy Bailey, VP Marketing, Attunity, +1-781-213-5204, andy.bailey@attunity.com; Dror Elkayam, VP Finance, Attunity, +972-9-899-3000, dror.elkayam@attunity.com
SAP Names COO Erwin Gunst Labor Relations Director and Responsible for HR, IT and SAP Labs
WALLDORF, Germany, Nov. 26 /PRNewswire-FirstCall/ -- SAP AG today named Chief Operating Officer Erwin Gunst labor relations director of SAP AG, effective January 1, 2009. He replaces SAP Executive Board member Claus Heinrich, who recently announced he will be leaving SAP on May 31, 2009. Until his official departure date, Heinrich will be actively involved in the transition phase to provide support and guidance where required to ensure a smooth transfer of responsibility.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)
In addition to his existing position, COO Erwin Gunst will assume responsibility for Global Human Resources, SAP IT, and the SAP Labs network on January 1, 2009. Gunst was appointed to the Executive Board of SAP AG effective July 1, 2008 as chief operating officer. Previously, Gunst served as president of the SAP EMEA region. Gunst joined SAP in May 1988 and since then has held several management positions in the company.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright (C) 2008 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
Contact:
Guenter Gaugler, +49 (6227) 7-65416, Guenter.Gaugler@sap.com, CET
Photo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a AP Archive: http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
SAP AG
CONTACT: Guenter Gaugler of SAP AG, +49 (6227) 7-65416, Guenter.Gaugler@sap.com, CET
Web site: http://www.sap.com/
Media Advisory - Certicom to Hold Second Quarter Fiscal 2009 Conference Call on December 4, 2008
MISSISSAUGA, ON, Nov. 26 /PRNewswire-FirstCall/ -- Certicom Corp. (TSX: CIC)
------------------------------------------------------------------------
Second Quarter Fiscal 2009 December 3, 2008, after market close
Earnings Release
------------------------------------------------------------------------
Conference Call and Webcast December 4, 2008, 10 a.m. ET
(7 a.m. PT)
------------------------------------------------------------------------
Hosted by Karna Gupta, Chief Executive Officer;
Herve Seguin, Chief Financial Officer
------------------------------------------------------------------------
Participant Numbers 416-644-3415 or 1-800-733-7571
------------------------------------------------------------------------
A question and answer session for analysts and institutional investors will follow management's presentation.
A taped rebroadcast will be available to listeners until 12 a.m. on December 11, 2008. To access the rebroadcast, please dial 416-640-1917 or 877-289-8525 and enter the passcode 21284616 followed by the number sign.
About Certicom
Certicom protects the value of content, applications and devices with government-approved security. Adopted by the National Security Agency (NSA) for government communications, Elliptic Curve Cryptography (ECC) provides the most security per bit of any known public-key scheme. As the global leader in ECC, Certicom security offerings are currently licensed to more than 300 customers including General Dynamics, Motorola, Oracle, Research In Motion and Unisys. Founded in 1985, Certicom's corporate offices are in Mississauga, Ontario, Canada with worldwide sales and marketing headquarters in Reston, Virginia and offices in the U.S., Canada, Europe and China. Visit http://www.certicom.com/
Certicom, Certicom Security Architecture, Certicom Trust Infrastructure, Certicom CodeSign, Certicom KeyInject, Security Builder, Security Builder API, Security Builder BSP, Security Builder Crypto, Security Builder ETS, Security Builder GSE, Security Builder IPSec, Security Builder NSE, Security Builder PKI and Security Builder SSL are trademarks or registered trademarks of Certicom Corp. All other companies and products listed herein are trademarks or registered trademarks of their respective holders. Information subject to change.
Certicom Corp.
CONTACT: Investors and Financial Analysts: Herve Seguin, Chief Financial Officer, Certicom Corp., (905) 501-3827, hseguin@certicom.com; Media: John Callahan, Director, Public Relations & Marketing Communications, Certicom Corp., (703) 234-2357, jcallahan@certicom.com; http://www.certicom.com/
The Prologic Report - 'Technology in Fashion' - Highlights Fashion Sector is Defying Gloom to Focus on Boosting Online SalesIn-Depth Research Into the Confidence of The Fashion Sector Reveals Expectations for Forthcoming Sales and Plans to Boost Revenue Through E-Commerce and Multi-Channel Retailing
LONDON, November 26 /PRNewswire/ -- The Prologic Report - 'Technology in Fashion' - presents new
market research into the challenges and issues faced by the UK fashion
industry. Prologic http://www.prologic.com the leading provider of software,
services and consultancy to the fashion & lifestyle sector, reveals that
sentiment in the sector is actually relatively positive given the overall
economic situation.
Produced in partnership with Oracle and carried out by retail
industry market research specialist Martec, The Prologic Report - 'Technology
in Fashion' - gives a crucial insight into strategies for surviving and
prospering in the current economic climate. It also examines investment
priorities for systems, IT budgets, satisfaction with current systems and
views on the relatively new concept of Software as a Service (SaaS).
Executive Summary of The Prologic Report
- This UK fashion industry survey covers companies with total
sales of GBP5.6 billion and a total of 5,214 stores, representing a
statistically significant 16% of the UK fashion industry.
- 80% of companies interviewed have a cost reduction focus as
their principal means of surviving in the current economic climate.
- 64% of companies consider that after cost reduction, the
next most important strategy is development or enhancement of
multi-channel retailing and transactional web sites.
- Most companies see the web as a way of increasing sales at a
lower cost and increasing the size of their market.
- For 49% of companies, web site and e-commerce systems come
out top in terms of investment priority over the next three years.
- At 1.8% of sales, IT budgets in the fashion industry are
higher than the 1.3% of sales average across the UK's leading 100
retailers.
- Disruption to the business is the main reason companies cite
for not investing in IT projects.
- More than half of fashion retailers have not heard of
Software as a Service, (SaaS) but when the concept is explained, the
majority agree that it is a good way to buy software.
The research was conducted via telephone interview with
leading figures across the fashion retail industry, from managing directors
and finance directors to IT directors. The results reflect the opinions of
some 16% of the UK's clothing, footwear and accessories market.
Sam Jackson, chief executive, Prologic, http://tinyurl.com/5b643u
comments, "In the current economic climate, companies are clearly looking
for strong ROI arguments before investing in people, IT, or services. As a
result, most fashion companies are not only reviewing expenses but also key
processes that will simplify and reduce costs whilst maximising sales and
profits. Fashion retailers are looking to maximise sales opportunities by
expanding into multi-channel retailing both domestically and
internationally, through franchising, e-commerce and new overseas stores. In
particular, home shopping/web sites are identified as the top investment
priority delivering the highest return on investment over the next year."
Fran Riseley, Practice Manager at Martec International who undertook
the research, comments, "It is unsurprising that retailers are keen
to maximise the opportunities presented to them given the current economic
climate, but the optimism displayed by their intentions to actually invest in
new sales channels is very encouraging."
However, while 97% of respondents expect IT budgets to remain
at the same level or slightly higher in 2009, organisations are concerned
about the timing of investment and the risk of business disruption that such
investment can cause. Despite this, the survey reveals that, as yet, few
organisations in this sector have made any attempts to understand the new,
lower risk approaches to achieving technology change. Indeed 57% had never
heard of Software as a Service - a figure that is even higher outside the IT
department. However, those respondents expressing an opinion on SaaS rated
the removal of capital outlays as the most important feature, followed
closely by lower risks and a pay-as-you-go model.
Prologic's Jackson concludes, "A reluctance to invest capital
in the current economy is no longer a barrier to leveraging the best systems
to support growth and change. New concepts such as Software as a Service
enable retailers to improve online services and achieve effective
multi-channel retailing without incurring upfront significant cost or risk."
For your free copy of The Prologic Report 2008/09 - 'Technology
in Fashion', please go to http://www.prologic.com/saas
About Prologic
Stock market-listed, Prologic is a specialist provider of
software, services and consultancy to the fashion & lifestyle sector. The
company's enterprise software application, CIMS, http://tinyurl.com/6cb4bf is
a web-deployed, single solution, multi-channel business system designed to
meet the complex needs of the sector. Modules include planning,
merchandising, store systems, sourcing, warehousing, wholesale, franchise,
eCommerce and reporting.
Prologic's approach of delivering its software as a single version,
single database product, based on continuous customer-driven improvement,
provides distinct advantages over the traditional practice of interfacing
disparate point solutions.
With a track record extending over two decades, Prologic has
supported the growth of many of the UK's best known and most successful
brands. Customers include Aquascutum, Fat Face, Hobbs, Liberty, LK Bennett,
Paul Smith, Ted Baker, TM Lewin, White Stuff and many other high street
names.
For further information, please contact:
Will Gardiner Manuela Spinnler
itpr Head of Marketing
http://www.itpr.co.uk Prologic plc
+44(0)1932-578800 +44(0)1442-876277
Prologic plc
or further information, please contact: Will Gardiner, itpr, +44(0)1932-578800; Manuela Spinnler, Head of Marketing, Prologic plc, +44(0)1442-876277
The Prologic Report - 'Technology in Fashion' - Highlights Fashion Sector is Defying Gloom to Focus on Boosting Online SalesIn-Depth Research Into the Confidence of The Fashion Sector Reveals Expectations for Forthcoming Sales and Plans to Boost Revenue Through E-Commerce and Multi-Channel Retailing
LONDON, November 26 /PRNewswire-FirstCall/ -- The Prologic Report - 'Technology in Fashion' - presents new market research into the challenges and issues faced by the UK fashion industry. Prologic http://www.prologic.com/ the leading provider of software, services and consultancy to the fashion & lifestyle sector, reveals that sentiment in the sector is actually relatively positive given the overall economic situation.
Produced in partnership with Oracle and carried out by retail industry market research specialist Martec, The Prologic Report - 'Technology in Fashion' - gives a crucial insight into strategies for surviving and prospering in the current economic climate. It also examines investment priorities for systems, IT budgets, satisfaction with current systems and views on the relatively new concept of Software as a Service (SaaS).
Executive Summary of The Prologic Report
- This UK fashion industry survey covers companies with total
sales of GBP5.6 billion and a total of 5,214 stores, representing a
statistically significant 16% of the UK fashion industry.
- 80% of companies interviewed have a cost reduction focus as
their principal means of surviving in the current economic climate.
- 64% of companies consider that after cost reduction, the
next most important strategy is development or enhancement of
multi-channel retailing and transactional web sites.
- Most companies see the web as a way of increasing sales at a
lower cost and increasing the size of their market.
- For 49% of companies, web site and e-commerce systems come
out top in terms of investment priority over the next three years.
- At 1.8% of sales, IT budgets in the fashion industry are
higher than the 1.3% of sales average across the UK's leading 100
retailers.
- Disruption to the business is the main reason companies cite
for not investing in IT projects.
- More than half of fashion retailers have not heard of
Software as a Service, (SaaS) but when the concept is explained, the
majority agree that it is a good way to buy software.
The research was conducted via telephone interview with leading figures across the fashion retail industry, from managing directors and finance directors to IT directors. The results reflect the opinions of some 16% of the UK's clothing, footwear and accessories market.
Sam Jackson, chief executive, Prologic, http://tinyurl.com/5b643u comments, "In the current economic climate, companies are clearly looking for strong ROI arguments before investing in people, IT, or services. As a result, most fashion companies are not only reviewing expenses but also key processes that will simplify and reduce costs whilst maximising sales and profits. Fashion retailers are looking to maximise sales opportunities by expanding into multi-channel retailing both domestically and internationally, through franchising, e-commerce and new overseas stores. In particular, home shopping/web sites are identified as the top investment priority delivering the highest return on investment over the next year."
Fran Riseley, Practice Manager at Martec International who undertook the research, comments, "It is unsurprising that retailers are keen to maximise the opportunities presented to them given the current economic climate, but the optimism displayed by their intentions to actually invest in new sales channels is very encouraging."
However, while 97% of respondents expect IT budgets to remain at the same level or slightly higher in 2009, organisations are concerned about the timing of investment and the risk of business disruption that such investment can cause. Despite this, the survey reveals that, as yet, few organisations in this sector have made any attempts to understand the new, lower risk approaches to achieving technology change. Indeed 57% had never heard of Software as a Service - a figure that is even higher outside the IT department. However, those respondents expressing an opinion on SaaS rated the removal of capital outlays as the most important feature, followed closely by lower risks and a pay-as-you-go model.
Prologic's Jackson concludes, "A reluctance to invest capital in the current economy is no longer a barrier to leveraging the best systems to support growth and change. New concepts such as Software as a Service enable retailers to improve online services and achieve effective multi-channel retailing without incurring upfront significant cost or risk."
For your free copy of The Prologic Report 2008/09 - 'Technology in Fashion', please go to http://www.prologic.com/saas
About Prologic
Stock market-listed, Prologic is a specialist provider of software, services and consultancy to the fashion & lifestyle sector. The company's enterprise software application, CIMS, http://tinyurl.com/6cb4bf is a web-deployed, single solution, multi-channel business system designed to meet the complex needs of the sector. Modules include planning, merchandising, store systems, sourcing, warehousing, wholesale, franchise, eCommerce and reporting.
Prologic's approach of delivering its software as a single version, single database product, based on continuous customer-driven improvement, provides distinct advantages over the traditional practice of interfacing disparate point solutions.
With a track record extending over two decades, Prologic has supported the growth of many of the UK's best known and most successful brands. Customers include Aquascutum, Fat Face, Hobbs, Liberty, LK Bennett, Paul Smith, Ted Baker, TM Lewin, White Stuff and many other high street names.
For further information, please contact:
Will Gardiner Manuela Spinnler
itpr Head of Marketing
http://www.itpr.co.uk/ Prologic plc
+44(0)1932-578800 +44(0)1442-876277
Prologic plc
CONTACT: or further information, please contact: Will Gardiner, itpr, +44(0)1932-578800; Manuela Spinnler, Head of Marketing, Prologic plc, +44(0)1442-876277
MTS Declares Quarterly Dividend
EDEN PRAIRIE, Minn., Nov. 26 /PRNewswire-FirstCall/ -- MTS Systems Corporation today announced that its Board of Directors has declared a cash dividend as follows:
(Logo: http://www.newscom.com/cgi-bin/prnh/20020430/MTSCLOGO)
Amount: $0.15
Record Date: December 12, 2008
Payable Date: January 2, 2009
This is MTS Systems Corporation's 108th consecutive quarterly dividend.
About MTS Systems Corporation
MTS Systems Corporation is a leading global supplier of test systems and industrial position sensors. The Company's testing hardware and software solutions help customers accelerate and improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTS' high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS had 1,660 employees and revenue of $461 million for the fiscal year ended September 27, 2008. Additional information on MTS can be found on the worldwide web at http://www.mts.com/ .
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020430/MTSCLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
MTS Systems Corporation
CONTACT: Janet C. Roemer, Assistant Secretary of MTS Systems Corporation, +1-952-937-4006
Web site: http://www.mts.com/
Mercury Computer Systems Receives $1.3M Initial Order from Leading Semiconductor Equipment Manufacturer for Ensemble(TM) Application PlatformSerial RapidIO-based platform to deliver reliable, cost-effective computing for next-generation precision wafer handling and positioning system
CHELMSFORD, Mass., Nov. 26 /PRNewswire-FirstCall/ -- Mercury Computer Systems, Inc. , a leading provider of embedded, high-performance computing solutions for image, sensor, and signal processing applications, has been selected by an industry-leading semiconductor equipment manufacturer to provide flexible, high-performance computing for its next-generation precision wafer handling and positioning system.
Mercury will provide its Ensemble(TM) AdvancedTCA(R) Application Platform, together with customized system management software and an optimized middleware that supports the customer's use of the low-latency RapidIO(R) fabric from an API (application programming interface) tailored to their application. The design win is one of several that Mercury has received from this customer over the past few years to demonstrate and provide high- performance RapidIO-based computing for their demanding applications.
RapidIO addresses the networking industry's need for software transparency, greater reliability, and higher bandwidth in an "in-the-box" interconnect. The Ensemble AdvancedTCA Application Platform is a standards-based solution built around the power, functionality, and scalability of serial RapidIO, AdvancedMC(R) (AMC), and AdvancedTCA (ATCA) technologies. The platform supports a variety of I/O sources and heterogeneous processing endpoints, thereby reducing integration costs, improving efficiency, and minimizing risks in the design of next-generation applications.
"The deterministic low latency the customer requires cannot be achieved by any standard fabric other than RapidIO. While other vendors offer Serial RapidIO-based processing modules, Mercury is uniquely positioned to provide a custom integrated solution to an OEM in the volumes required," said Brian Hoerl, Vice President of Worldwide Sales for Advanced Computing Solutions at Mercury Computer Systems. "The customer also selected Mercury based on our technology leadership, Ensemble's modular, scalable platform characteristics, and our experience as an OEM supplier to the semiconductor equipment market."
Delivery of the system is planned for January 2009. For more information on the Mercury Ensemble product family, visit http://www.mc.com/ensemble. For more information on Mercury's high-performance image, sensor, and signal processing solutions and additional customer examples, visit http://www.mc.com/solutions, contact Mercury at (866) 627-6951, or e-mail your request to info@mc.com.
Company and/or program names are withheld in compliance with applicable agreements.
Mercury Computer Systems, Inc. -- Where Challenges Drive Innovation(TM)
Mercury Computer Systems (http://www.mc.com/, NASDAQ: MRCY) provides embedded computing systems and software that combine image, signal, and sensor processing with information management for data-intensive applications. With deep expertise in optimizing algorithms and software and in leveraging industry-standard technologies, we work closely with customers to architect comprehensive, purpose-built solutions that capture, process, and present data for defense electronics, homeland security, and other computationally challenging commercial markets. Our dedication to performance excellence and collaborative innovation continues a 25-year history in enabling customers to gain the competitive advantage they need to stay at the forefront of the markets they serve.
Mercury is based in Chelmsford, Massachusetts, and serves customers worldwide through a broad network of direct sales offices, subsidiaries, and distributors.
Forward-Looking Safe Harbor Statement
This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the contract as described herein. You can identify these statements by our use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, general economic and business conditions, including unforeseen weakness in the Company's markets, effects of continued geo-political unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, continued funding of defense programs, the timing of such funding, changes in the U.S. Government's interpretation of federal procurement rules and regulations, market acceptance of the Company's products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, and difficulties in retaining key customers. These risks and uncertainties also include such additional risk factors as are discussed in the Company's recent filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2008. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.
Contacts:
Kathleen Sniezek, Public Relations Manager
Mercury Computer Systems, Inc.
978-967-1126 / ksniezek@mc.com
Leigh McLeod, Media Relations
Mercury Computer Systems, Inc.
978-967-1120 / lmcleod@mc.com
Challenges Drive Innovation and Ensemble are trademarks of Mercury Computer Systems, Inc. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.
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Mercury Computer Systems, Inc.
CONTACT: Kathleen Sniezek, Public Relations Manager, +1-978-967-1126, ksniezek@mc.com, or Leigh McLeod, Media Relations, +1-978-967-1120, lmcleod@mc.com, both of Mercury Computer Systems, Inc.
Web site: http://www.mc.com/ http://www.mc.com/ensemble http://www.mc.com/solutions
Usage on Voyager Online Reading and Math Programs Continues to ClimbTicket to Read students surpass six million passages
DALLAS, Nov. 26 /PRNewswire/ -- Voyager Expanded Learning(R) announced today that the number of students accessing its online reading and math programs continues to climb, particularly during after school hours and on weekends. Last week, more than 165,000 students logged on to the company's three web-based intervention programs, Ticket to Read(TM), a K-5 online reading program, Strategic Online Learning Opportunities(R) (SOLO(R)), a secondary online reading program, and VmathLive(TM), a 3-8 online math program.
During the week of November 17, 2008, more than 120,000 students logged on to Ticket to Read and after school and weekend usage on the program reached 31 percent. Students using Ticket to Read have read more than six million passages, with more than one million passages read this month alone. More than 23,000 middle school and high school students also logged on to SOLO.
Use of the Voyager online math program, VmathLive, also continues to be strong with more than 23,000 students participating in the program. In addition to normal in-class use, twenty-six percent of students logged on to the program during after school and weekend hours.
"We are very excited that students are taking advantage of the online capabilities and availability of our reading and math technology," said Ron Klausner, president of Voyager Expanded Learning. "It is great to see a good percentage of students consistently using the programs during after school hours and on weekends, which translates into success in the classroom."
Voyager Expanded Learning
Voyager Expanded Learning provides core, intervention, and supplemental reading programs, as well as math intervention and ongoing professional development programs, for school districts throughout the United States. Founded in 1994, Voyager has delivered extended-time reading and basic skills intervention programs, as well as large-scale reading and math programs, to more than 1,000 school districts in cities such as Buffalo, N.Y.; Miami; New York City; Richmond, Va.; El Paso, Texas; and Los Angeles, resulting in dramatically improved student performance. Voyager Expanded Learning, Inc. is a business unit of Voyager Learning Company and based in Dallas, Texas. For more information, please visit http://www.voyagerlearning.com/ or call 1-888-399-1995.
Voyager Learning Company
CONTACT: Media and Investor: Shannan Overbeck of Voyager Learning Company, +1-888-399-1995 ext. 9476, soverbeck@voyagerlearning.com
Web site: http://www.voyagerlearning.com/
Company News On-Call: http://www.prnewswire.com/comp/108291.html
comScore Releases October 2008 U.S. Search Engine Rankings
RESTON, Va., Nov. 26 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world, today released its monthly comScore qSearch analysis of the U.S. search marketplace. In October 2008, Americans conducted 12.6 billion core searches, up 7 percent versus September, as Google Sites maintained its top position with more than 63 percent of all core searches conducted.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO)
October 2008 U.S. Core Search Rankings
Google Sites led the U.S. core search market in October with 63.1 percent of the searches conducted, up 0.2 percentage points from September, followed by Yahoo! Sites (20.5 percent), Microsoft Sites (8.5 percent), Ask Network (4.2 percent), and AOL LLC (3.7 percent).
comScore Core Search Report*
October 2008 vs. September 2008
Total U.S. -- Home/Work/University Locations
Source: comScore qSearch 2.0
Share of Searches (%)
Core Search Entity Sep-08 Oct-08 Point Change
Oct-08 vs.
Sep-08
Total Core Search 100.0 100.0 N/A
Google Sites 62.9 63.1 0.2
Yahoo! Sites 20.2 20.5 0.3
Microsoft Sites 8.5 8.5 0.0
Ask Network 4.3 4.2 -0.1
AOL LLC 4.1 3.7 -0.4
* Based on the five major search engines including partner searches
and cross-channel searches. Searches for mapping, local directory,
and user-generated video sites that are not on the core domain of
the five search engines are not included in the core search numbers.
Americans conducted 12.6 billion searches at the core search engines, a 7- percent gain versus September. Google Sites handled 8 billion core searches (up 7 percent), followed by Yahoo! Sites with 2.6 billion (up 9 percent) and Microsoft Sites with 1.1 billion (up 8 percent).
comScore Core Search Report*
October 2008 vs. September 2008
Total U.S. -- Home/Work/University Locations
Source: comScore qSearch 2.0
Search Queries (MM)
Core Search Entity Sep-08 Oct-08 Percent Change
Oct-08 vs.
Sep-08
Total Core Search 11,798 12,642 7%
Google Sites 7,422 7,971 7%
Yahoo! Sites 2,386 2,589 9%
Microsoft Sites 998 1,080 8%
Ask Network 510 530 4%
AOL LLC 481 472 -2%
* Based on the five major search engines including partner searches
and cross-channel searches. Searches for mapping, local directory,
and user-generated video sites that are not on the core domain of
the five search engines are not included in the core search numbers.
October U.S. Expanded Search Rankings
In the comScore October 2008 analysis of the top properties where search activity is observed, Google Sites led with 10.8 billion searches, a 6-percent increase versus September. Yahoo! Sites ranked second with 2.7 billion searches, followed by Microsoft Sites with 1.1 billion and AOL LLC with 770 million.
comScore Expanded Search Query Report
October 2008 vs. September 2008
Total U.S. -- Home/Work/University Locations
Source: comScore qSearch 2.0
Search Queries (MM)
Expanded Search Entity Sep-08 Oct-08 Percent Change
Oct-08 vs.
Sep-08
Total Expanded Search 17,359 18,389 6%
Google Sites 10,109 10,759 6%
Google 7,632 8,179 7%
YouTube/All Other 2,477 2,580 4%
Yahoo! Sites 2,511 2,715 8%
Yahoo! 2,483 2,685 8%
All Other 28 30 7%
Microsoft Sites 1,037 1,125 8%
MSN-Windows Live 958 1,035 8%
Microsoft/All Other 79 90 14%
AOL LLC 795 770 -3%
AOL Search Network 448 424 -5%
MapQuest/All Other 347 346 0%
Ask Network 649 683 5%
Ask.com 361 362 0%
MyWebSearch.com/ All Other 288 321 11%
Fox Interactive Media 624 574 -8%
MySpace 614 563 -8%
All Other 10 11 10%
eBay 411 464 13%
Craigslist.org 368 378 3%
Facebook.com 183 185 1%
Amazon Sites 143 138 -3%
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/
More TV Choice and Competition Near for Residents of Maynard, Mass.Town Approves Video License for Verizon; Thousands More Households Soon Can Get FiOS TV
MAYNARD, Mass., Nov. 26 /PRNewswire/ -- Residents of Maynard are a major step closer to having another choice for their cable television services, thanks to a newly approved agreement authorizing Verizon to offer its FiOS TV service via the most advanced all-digital, fiber-optic network straight to customers' homes.
The Board of Selectmen in Maynard granted a cable franchise to Verizon on Tuesday (Nov. 25), paving the way for video choice for thousands more Massachusetts households.
The approval brings to 86 the total number of Massachusetts communities where Verizon's FiOS TV is or will soon be available.
"We are thrilled to be able to bring FiOS TV to residents in Maynard," said Donna Cupelo, Verizon region president for New England. "Since the launch of FiOS TV in Massachusetts, we are continuing our efforts to meet the consumer demand for cable TV choice."
FiOS TV is the company's fiber-optic television service, which offers a better-quality picture, more high-definition channels and video-on-demand programs than local cable, and more reliable service at competitive prices.
"As a result of this new franchise, consumers in Maynard will be able to choose their cable provider as easily as they choose their phone company," said Cupelo. "Competition drives innovation, value and service quality, and it puts the consumer in control."
Verizon is currently in negotiations with several other communities in Massachusetts to obtain additional FiOS TV franchises. For more information on the Verizon franchise process in the state, log on to http://www.verizon.com/ma.
Verizon research indicates 87 percent of Massachusetts residents favor more competition and choice for video services. Independent studies have shown that competition in the video market brings enormous benefits to consumers in the form of reduced prices, better packages and improved service.
The Maynard franchise agreement contains provisions for the network's future growth; financial support and capacity for educational and government access channels; cable service to government buildings; and other important benefits to the towns, including insurance, indemnification and enforcement protections.
"Verizon will compete aggressively for subscribers in Maynard with our FiOS services, which are fueled by our lightning-fast fiber-optic network," Cupelo said. Verizon soon will begin its door-to-door sales campaign in the community, explaining to local consumers the many advantages of FiOS TV.
Verizon is the first company to offer a fiber-to-the-premises (FTTP) network, connecting homes and businesses directly to fiber optics on a widespread scale.
FiOS TV offers a broad collection of all-digital programming, more than 100 high-definition channels in Massachusetts, more than 11,000 VOD titles per month - 8,500 of which are free -and more. Fiber delivers amazingly sharp pictures and sound, and has the capacity to transmit a wide array of high-definition programming that is so clear and intense it seems to leap from the TV screen.
In addition to FiOS TV, Verizon's fiber network also allows the company to offer consumers and businesses high-speed FiOS Internet service at download speeds up to 50 Mbps (megabits per second) and upload speeds up to 20 Mbps.*
* NOTE: actual (throughput) speeds will vary.
[In Massachusetts, FiOS TV is available in Abington, Acton, Andover, Arlington, Ashland, Bedford, Bellingham, Belmont, Boxborough, Boxford, Braintree, Burlington, Canton, Dedham, Dunstable, Framingham, Franklin, Georgetown, Grafton, Hamilton, Hingham, Holliston, Hopkinton, Hudson, Ipswich, Lakeville, Lawrence, Lincoln, Littleton, Lexington, Lynn, Lynnfield, Malden, Mansfield, Marion, Marlborough, Marshfield, Mattapoisett, Medfield, Medway, Melrose, Methuen, Middleborough, Millbury, Nahant, Natick, Needham, Newton, Norfolk, North Andover, North Reading, Northborough, Norwood, Plymouth, Reading, Rochester, Rockland, Rowley, Sherborn, Southborough, Stoneham, Stoughton, Stow, Sudbury, Sutton, Swampscott, Taunton, Tewksbury, Topsfield, Tyngsborough, Wakefield, Walpole, Waltham, Wareham, Wayland, Wellesley, Wenham, West Newbury, Westborough, Weston, Westwood, Wilmington, Winchester and Woburn, and will soon be available in Maynard and Middleton. FiOS TV also is available in parts of New York, New Jersey, California, Delaware, Texas, Florida, Indiana, Maryland, Oregon, Pennsylvania, Rhode Island, Virginia and Washington.]
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 71 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 228,000 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: Ellen Cummings, +1-508-624-2219, ellen.m.cumings@verizon.com, or Phil Santoro, +1-617-743-4760, philip.g.santoro@verizon.com
Web Site: http://www.verizon.com/ma
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Massachusetts Consumers Can Enjoy Dinner and Thousands of Free MoviesVerizon Opens Lifestyle Store Within Jordan's Furniture Complex in Reading
READING, Mass., Nov. 26 /PRNewswire/ -- Free dinner and a movie. In fact, thousands of free movies.
That's what's awaiting consumers who sign up for FiOS TV on Friday (Nov. 28) at the grand opening of the unique Verizon Lifestyle Store inside Jordan's Furniture in Reading.
Everyone is invited to the 11 a.m. ribbon cutting of the new store, and to take part in the celebration and see just how exciting FiOS TV is. Consumers who decide to order the service will receive a gift card for one of 13 local restaurants.
They will also receive three free months of three premium entertainment packages -- Cinemax, HBO and FiOS TV's Movie Package -- plus more than 9,000 free video-on-demand (VOD) titles per month.
This free premium channel trial offer is available to anyone who signs up for FiOS TV before the end of the year. The three entertainment packages represent free access to 70 premium channels -- 40 of which are high definition (HD) -- such as HBO, Cinemax, Showtime, Starz, The Movie Channel, Sundance Channel and IFC, and include more than 1,800 VOD titles. Customers will enjoy access to 800 Hollywood blockbusters per month, HBO award-winning original series, movie premieres and World Championship Boxing.
"Our new store is designed to make customers feel right at home, and it's the perfect place for them to experience the power of FiOS TV," said Bob Driscoll, Verizon regional vice president of sales, who will participate with Jordan's Furniture Chief Operating Officer Peter Bolton in the ribbon-cutting ceremony.
"In today's economy, people are staying home more and going out less. FiOS TV already offers the ultimate 'home enterstayment' experience that cable can't match, with more HD channels and better picture-and-sound quality," Driscoll said. "Our latest promotion helps new customers experience free premium entertainment content in comfortable surroundings, and lets them evaluate premium services before deciding to subscribe."
Bolton said, "We are thrilled to have this unique store within our Reading location. FiOS is truly an unbelievable technology. The concept of this new Verizon Lifestyle store will allow the consumer to fully experience FiOS in an environment unlike any other. If you love high-definition television and want to maximize the experience, FiOS is the solution. You have to see it to believe it!"
The Verizon Lifestyle Store showcases FiOS voice, Internet and TV services in surroundings created to resemble a home living room and a home office. While relaxing in the comfort of Jordan's beautiful furniture, consumers can watch FiOS TV live on an HDTV set and test drive FiOS Internet, something they can't do online or over the phone
The Verizon Lifestyle Store also features something not found in a traditional home -- a 192-inch flat screen TV (16 feet by 9 feet), the largest TV screen in New England.
The grand-opening celebration, which will be held on Black Friday, the traditional start of the holiday shopping season, features refreshments, live entertainment provided by Radio Disney, and drawings for prizes, including New England Patriots tickets and a jersey and football autographed by Patriots quarterback Tom Brady.
New FiOS TV customers will receive a gift certificate to their choice of one of 13 restaurants: Olive Garden, Applebee's, Legal Seafood, Dave and Busters, Outback, Carrabba's, Flemings, Longhorn Steakhouse, Capital Grille, Chili's, Macaroni Grill, Maggiano's or On the Border.
The Verizon Lifestyle store will also serve as a customer service location where FiOS customers can pay their bills and exchange set top boxes and remote controls.
Verizon 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, an increasing number of HD channels and VOD choices, a broad spectrum of content diversity, and exciting interactive features that set it apart from cable offerings.
FiOS TV is available in 85 Massachusetts communities. FiOS TV customers in the region have access to a broad collection of all-digital programming, with more than 500 total channels, including 102 HD channels, and 11,000 VOD titles, 8,500 of which are free. The VOD library also includes more than 1,000 HD titles each month. For more information on FiOS TV consumers can visit http://www.verizon.com/fiostv. Consumers can also call their local Verizon sales office or 888-438-3467.
FiOS Internet features download speeds of up to 50 Mbps* (megabits per second) and upload speeds of up to 20 Mbps.
Verizon and Jordan's Furniture enjoy a unique marketing arrangement, which includes the Verizon IMAX Theater. Earlier this year, Verizon acquired the naming rights of Jordan's Furniture's two IMAX Theaters, in Reading and Natick, Mass., and the company's Motion Odyssey Movie Theater in Avon, Mass.
* NOTE: Actual (throughput) speeds will vary.
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 71 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 228,000 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 Copelas (Jordan's Furniture), +1-508-828-4065, hcopelas@jordans.com; or Phil Santoro (Verizon), +1-617-743-4760, philip.g.santoro@verizon.com
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
comScore Releases Japan Search Engine Rankings for September 2008Nearly 6 Billion Searches Conducted in Japan during SeptemberYahoo! Sites Ranks as Top Search Property
TOKYO, Nov. 26 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world, today released its ranking of the top search properties in Japan based on data from the comScore qSearch service. In September, 5.9 billion searches were conducted in Japan with each searcher conducting an average of 96 searches during the month. Yahoo! Sites led in search query volume with 3 billion searches, followed by Google Sites with 2.3 billion searches.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO)
"The search market in Japan is dominated by Yahoo! and Google, which combine for more than 90 percent of the market," said Maru Sato, managing director of comScore Japan. "Other players in the search market include both local Web properties, such as Rakuten, NTT and Mixi, and other American brands, such as Microsoft and Amazon."
Yahoo! Sites Leads Search Market in Japan
Yahoo! Sites led the search ranking in Japan with more than 3 billion searches, representing a 51 percent market share, followed by Google Sites with 2.3 billion searches (39 percent market share). Rakuten Inc. captured the third position with 120 million searches (2 percent market share) and Microsoft Sites ranked fourth with 90 million searches (1.5 percent market share).
Top Search Properties in Japan
September 2008
Total Japan Internet Audience*, Age 15+ - Home & Work Locations
Source: comScore qSearch
Searches Searches Per Share of
(MM)*** Searcher Searches
Total Internet 5,879 96.2 100.0
Yahoo! Sites 3,012 58.9 51.2
Google Sites** 2,294 54.7 39.0
Rakuten Inc 120 7.6 2.0
Microsoft Sites 90 10.5 1.5
NTT Group 80 10.9 1.4
Amazon Sites 55 6.5 0.9
Excite Japan 41 17.4 0.7
NEC Corporation 37 18.2 0.6
MIXI, Inc. 32 6.9 0.5
GMO Internet Group 19 4.5 0.3
* Excludes searches from public computers such as Internet cafes or
access from mobile phones or PDAs.
** Google Sites includes searches from YouTube.com
*** The sum of distinct searches. Searches with the same search term by
the same user at the same entity in consecutive sequence are counted
as one search, regardless of the number of search result pages
presented.
Asia-Pacific Region Has Highest Number of Searchers and Searches in the World
In September, more than 340 million searchers conducted nearly 29 billion searches in the Asia-Pacific region, ranking it as the largest searcher population and search volume total of the five global regions reported by comScore. China had the largest searcher population in the region with more than 149 million searchers, and the greatest number of searches conducted (12.8 billion). Japan ranked second on both measures with more than 61 million searchers and nearly 6 billion searches. Australia exhibited the heaviest search intensity with an average of 115 searches per searcher during the month, followed by South Korea (109 searches per searcher) and Singapore (106 searches per searcher).
Asia-Pacific Search Overview - Country Breakdown
September 2008
Total Asia-Pacific Internet Audience*, Age 15+ - Home & Work Locations
Source: comScore qSearch
Country Searches Unique Searchers Searches Per
(MM)*** (000) Searcher
Total Asia-Pac
Internet** 28,967 341,850 84.7
China 12,758 149,219 85.5
Japan 5,879 61,130 96.2
Korea 2,303 21,072 109.3
India 1,169 22,931 51.0
Australia 977 8,523 114.6
Taiwan 618 9,735 63.5
Malaysia 405 6,207 65.2
Hong Kong 199 2,773 71.8
Singapore 171 1,617 105.6
New Zealand 135 1,500 90.1
* Excludes searches from public computers such as Internet cafes or
access from mobile phones or PDAs.
** Improvements to universe estimates in certain Internet markets have
recently been made. We caution against trending with data prior to
July 2008.
*** The sum of distinct searches. Searches with the same search term by
the same user at the same entity in consecutive sequence are counted
as one search, regardless of the number of search result pages
presented.
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.
Photo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
comScore, Inc.
CONTACT: Sarah Radwanick of comScore, Inc., +1-312-775-6538, press@comscore.com
Web site: http://www.comscore.com/
Verizon Wireless Stores, Kiosks Extend Hours for Holiday Shopping 'Storm'New BlackBerry Storm, Plus Special Limited Time Offers on Popular Handsets, Smartphones Featured For Thanksgiving Weekend Shopping Kickoff
BASKING RIDGE, N.J., Nov. 26 /PRNewswire/ -- With the holiday season's hottest device, the BlackBerry(R) Storm(TM), here and special Thanksgiving weekend wireless sales about to get under way, Verizon Wireless has a message for its customers as well as those planning to switch to the nation's most reliable wireless network: Verizon Wireless Communications Stores and kiosks are ready to meet your shopping needs.
Verizon Wireless Communications Stores and kiosks will extend their hours for the first holiday shopping weekend -- Nov. 28-30 -- and throughout the holiday season, giving customers more opportunity to demo the hottest device in wireless or buy any other device among a broad selection of specially priced handsets and smartphones, as well as gift cards, accessories and more. Store hours vary by location.
With high demand for the BlackBerry Storm this holiday season, customers who want to demo the new BlackBerry Storm can visit either their nearest Verizon Wireless Communications Store or kiosk or go to http://www.verizonwireless.com/storm to get familiar with the holiday season's hottest new wireless device. Store personnel can place orders for customers or customers can order the Storm for themselves online for delivery by mail in plenty of time for holiday giving.
In addition to the BlackBerry Storm, Verizon Wireless Communications Stores will feature special holiday weekend sales on some of the season's hottest phones, including the LG Voyager(TM) in Titanium for $79.99 after $50 mail-in rebate and new two-year agreement (Friday only in stores). Through Sunday the Palm(R) Centro(TM), the BlackBerry(R) Pearl(TM), enV2(TM) by LG and the Venus(TM) by LG will be available for under $50 after a mail-in rebate of up to $70 and a new two-year agreement.* Sale prices will be available starting Thursday, Nov. 27, for online shoppers. Stores also feature the complete line of handsets, PC cards and other devices to make it easy for customers to find the perfect wireless gifts for the entire family. For more information or to find store locations, visit http://www.verizonwireless.com/.
* See newspaper circulars, check online or visit one of Verizon Wireless' 2,400 Communications Stores or kiosks nationwide for details of these and other offers. Restrictions apply.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 70.8 million customers. Headquartered in Basking Ridge, N.J., with 71,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, visit 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: Tom Pica of Verizon Wireless, +1-908-559-7516, Thomas.Pica@verizonwireless.com
Web Site: http://www.verizonwireless.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Seagate to Participate in Upcoming Investor Conferences
SCOTTS VALLEY, Calif., Nov. 26 /PRNewswire-FirstCall/ -- Seagate Technology today announced that it will participate in the following investor conferences:
Event: NASDAQ OMX 22nd Investor Program
Date: Wednesday, December 3, 2008
Time: Presentation -- 3:15 p.m. GMT / 7:15 a.m. PST
Location: London, England
Event: Barclays Capital Global Technology Conference
Date: Wednesday, December 10, 2008
Time: Presentation -- 9:30 a.m. PST
Location: San Francisco, CA
Live and archived audio webcast of these events will be available from Seagate's Investor Relations website at seagate.com.
About Seagate
Seagate is the worldwide leader in the design, manufacture and marketing of hard disk drives and storage solutions, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, and Consumer Solutions. Seagate's business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers, with the goal of being the time-to-market leader in all markets in which it participates. The company is committed to providing award-winning products, customer support and reliability to meet the world's growing demand for information storage. Seagate can be found around the globe and at http://www.seagate.com/
Seagate, Seagate Technology and the Wave logo are registered trademarks of Seagate Technology LLC.
Seagate Technology
CONTACT: Investor Relations, Rod Cooper, +1-831-439-2371, rod.cooper@seagate.com, or Media Relations, Brian Ziel, +1-831-439-5429, brian.ziel@seagate.com, both of Seagate Technology
Web site: http://www.seagate.com/
Spectrum Pharmaceuticals and Cell Therapeutics to Jointly Market ZEVALIN, a Proprietary, Marketed Oncology Drug- ZEVALIN is Currently FDA Approved for Relapsed or Refractory Indolent Non-Hodgkin's Lymphoma - sBLA for First Line Consolidation Therapy Is Currently Under Review By The FDA - Complements Existing and Potential Oncology Product Portfolios of Both Companies
IRVINE, Calif., and SEATTLE, Nov. 26 /PRNewswire-FirstCall/ -- Spectrum Pharmaceuticals, Inc. and Cell Therapeutics, Inc. (MTA: CTIC) announced today they have entered into an agreement to form a 50/50 owned joint venture, RIT Oncology LLC, to commercialize and develop ZEVALIN(R) ([90Y]-ibritumomab tiuxetan) in the United States. ZEVALIN, a radioimmunotherapeutic (RIT), is currently marketed in the United States by Cell Therapeutics, Inc. (CTI) for the treatment of patients with relapsed or refractory, low-grade or follicular B-cell non-Hodgkin's lymphoma (NHL), including patients who have rituximab-refractory follicular NHL. CTI submitted a supplemental Biologics License Application (sBLA) in September 2008 to expand the label for use in first-line consolidation therapy in previously untreated patients with follicular NHL.
Non-Hodgkin's lymphoma (NHL) is caused by the abnormal proliferation of white blood cells and normally spreads through the lymphatic system, a system of vessels that drains fluid from the body. NHL can be broadly classified into two main forms -- aggressive NHL, a rapidly spreading acute form of the disease, and indolent NHL, which progresses more slowly. The American Cancer Society estimates that in the United States 66,120 people are expected to be diagnosed with, and approximately 19,160 are expected to die from, this disease in 2008. According to the National Cancer Institute's SEER database, there were approximately 400,000 people in the U.S. with NHL in 2004.
"ZEVALIN represents a powerful addition to our marketed oncology drug portfolio," said Rajesh C. Shrotriya, MD, Chairman, Chief Executive Officer, and President of Spectrum Pharmaceuticals. "ZEVALIN is safe and effective in treating indolent NHL. Although approved by the FDA in 2002, its potential has not been fully realized. We are proud to partner with Cell Therapeutics, which over the past year has made great headway toward removing many of the obstacles that have kept this important drug from patients that could benefit from it. There are approximately one thousand patients currently receiving ZEVALIN treatments for refractory indolent NHL, generating approximately $15 million in annual sales. If approved for first line consolidation therapy in indolent NHL, we estimate that an additional 18,000 patients per year would be eligible to receive ZEVALIN in this setting. We assembled an experienced sales force, comprised of individuals with established track records of success, to launch our recently approved drug FUSILEV. ZEVALIN represents a complementary product that our sales force can provide to their accounts."
"This partnership is especially important as we hope to move toward use of ZEVALIN in first-line consolidation treatment of indolent NHL patients, which would significantly expand the available patient population," said James A. Bianco, M.D., CEO of Cell Therapeutics. "This partnership will enable CTI to deploy a larger combined sales and marketing team to accelerate top-line product revenues in the near-term and reduce our costs to develop ZEVALIN for new growth opportunities, resulting in an increase in CTI's bottom-line overall. Spectrum has a wealth of experience in the field of oncology, including the sales and marketing leadership that oversaw the successful launch of Abraxane(R) and Xeloda(R). We believe the Spectrum partnership allows us to better serve patients and capitalize on the growing recognition of ZEVALIN's effectiveness in patients with indolent NHL, while at the same time provide a significant return on investment for our shareholders."
Under terms of the agreement, upon the closing of the transaction the companies will become the sole members of a limited liability company (LLC) whose sole purpose would be to commercialize ZEVALIN in the United States. A Board of Managers comprised of an equal number of members from both companies would be established to govern the LLC. Both parties will equally provide for the future capital requirements of the LLC and share equally in the profits and losses of the LLC. Cell Therapeutics will receive an initial payment of $7.5 million at closing and $7.5 million in early January, in addition up to $15 million product sales milestone payments upon achievement of certain revenue targets. The closing of the joint venture transaction is subject to the satisfaction of certain customary closing conditions, including the consent of Biogen Idec, Inc. to convey the ZEVALIN-related assets to the LLC. CTI and Spectrum currently expect the transaction to close in December 2008.
Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. , acted as the exclusive strategic advisor in connection with the transaction.
About ZEVALIN(R)
ZEVALIN(R) (Ibritumomab Tiuxetan) is a form of cancer therapy called radioimmunotherapy and is indicated as part of the ZEVALIN therapeutic regimen for treatment of relapsed or refractory, low-grade or follicular B-cell non- Hodgkin's lymphoma, including patients with rituximab refractory follicular NHL. ZEVALIN is also indicated, under accelerated approval, for the treatment of relapsed or refractory, rituximab-naive, low-grade and follicular NHL based on studies using a surrogate endpoint of overall response rate. It was approved by the FDA in February of 2002 as the first radioimmunotherapeutic agent for the treatment of NHL.
Rare deaths associated with an infusion reaction symptom complex have occurred within 24 hours of rituximab (Rituxan(R)) infusions. Yttrium-90 ZEVALIN administration results in severe and prolonged cytopenias in most patients. Severe cutaneous and mucocutaneous reactions have been reported. The most serious adverse reactions of the ZEVALIN therapeutic regimen were primarily hematologic, including neutropenia, thrombocytopenia and anemia. Infusion-related toxicities were associated with pre-administration of rituximab. The risk of hematologic toxicity correlated with the degree of bone marrow involvement prior to ZEVALIN therapy. Myelodysplasia or acute myelogenous leukemia was observed in 2 percent of patients (8 to 34 months after treatment). ZEVALIN should only be used by health care professionals qualified by training and experience in the safe use of radionuclides.
Patients and healthcare professionals can visit http://www.zevalin.com/ for more information.
About Non-Hodgkin's Lymphoma
Non-Hodgkin's lymphoma (NHL) is caused by the abnormal proliferation of white blood cells and normally spreads through the lymphatic system, a system of vessels that drains fluid from the body. NHL can be broadly classified into two main forms - aggressive NHL, a rapidly spreading acute form of the disease, and indolent NHL, which progresses more slowly. According to the National Cancer Institute's SEER database there were nearly 400,000 people in the U.S. with NHL in 2004. The American Cancer Society estimates that in the United States 66,120 people are expected to be diagnosed with NHL in 2008. Additionally, approximately 19,160 are expected to die from this disease in 2008.
About Cell Therapeutics, Inc.
Headquartered in Seattle, CTI is a biopharmaceutical company committed to developing an integrated portfolio of oncology products aimed at making cancer more treatable. For additional information, please visit http://www.celltherapeutics.com/.
About Spectrum Pharmaceuticals
Spectrum is a biopharmaceutical company that acquires, develops and commercializes a diversified portfolio of drug products, with a focus mainly on oncology and urology. Spectrum's strategy is comprised of acquiring and developing a broad and diverse pipeline of late-stage clinical and commercial products; establishing a commercial organization for our approved drugs; continuing to build a team with people who have demonstrated skills, passion, commitment and have a track record of success in developing drugs and commercialization in our areas of focus; and, leveraging the expertise of partners around the world to assist us in the execution of our strategy. For more information, please visit Spectrum's website at http://www.spectrumpharm.com/.
Forward-looking statements -- This press release may contain forward- looking statements regarding future events and the future performance of Spectrum Pharmaceuticals that involve risks and uncertainties that could cause actual results to differ materially. These statements include but are not limited to statements that relate to Spectrum's business and its future, as well as its contemplated transaction with Cell Therapeutics, Inc, the safety and effectiveness of ZEVALIN, ZEVALIN's potential, that if approved for first line therapy in NHL, an additional 18,000 patients per year would be eligible to receive ZEVALIN in that setting, that ZEVALIN represents a complementary product that our sales force can provide to their accounts, that the transaction will close in December 2008 and any statements that relate to the intent, belief, plans or expectations of Spectrum or its management, or that are not a statement of historical fact. Risks that could cause actual results to differ include the possibility that Spectrum's existing and new drug candidates, may not prove safe or effective, the possibility that its existing and new drug candidates may not receive approval from the FDA, and other regulatory agencies in a timely manner or at all, the possibility that its existing and new drug candidates, if approved, may not be more effective, safer or more cost efficient than competing drugs, the possibility that its efforts to acquire or in-license and develop additional drug candidates may fail, its lack of revenues, its limited marketing experience, its dependence on third parties for clinical trials, manufacturing, distribution and quality control and other risks that are described in further detail in Spectrum's reports filed with the Securities and Exchange Commission, including without limitation its Annual Report on Form 10-K for the year ended December 31, 2007 and its subsequent Quarterly Reports on Form 10-Q. All forward looking statements in this press release speak only as of the date hereof. Spectrum does not plan to update any such forward-looking statements and expressly disclaim any duty to update the information contained in this press release except as required by law. Information regarding Cell Therapeutics has been provided by Cell Therapeutics and not independently verified by Spectrum. Any comments by Cell Therapeutics are solely those of Cell Therapeutics and do not necessarily represent the views of Spectrum.
SPECTRUM PHARMACEUTICALS, INC.(R) is a registered trademark of Spectrum Pharmaceuticals, Inc. TURNING INSIGHTS INTO HOPE(TM) and the Spectrum Pharmaceutical logos are trademarks owned by Spectrum Pharmaceuticals, Inc.
ZEVALIN(R) is a registered trademark of RIT Oncology, Inc.
(C) 2008 Spectrum Pharmaceuticals, Inc.
Cell Therapeutics Forward Looking Statement
This press release includes forward-looking statements that involve a number of risks and uncertainties, including whether the closing conditions, including the consent of Biogen Idec, Inc., will be satisfied in order to consummate the joint venture transaction, the success of the joint venture in commercializing and developing ZEVALIN, the ability of the joint venture to accelerate top-line revenues in the near-term, and the ability to integrate ZEVALIN into Spectrum's commercial, marketing and medical affairs teams ,the outcome of which could materially and/or adversely affect actual future results. Specifically, the risks and uncertainties that could affect the development of ZEVALIN include risks associated with preclinical and clinical developments in the biopharmaceutical industry in general and with ZEVALIN in particular including, without limitation, the potential for ZEVALIN FIT data to be acceptable to the FDA for this expanded indication or any other indication, the potential that the FDA will not grant priority review to the sBLA, the ability of CTI to continue to raise capital to fund its operations, determinations by regulatory, patent and administrative governmental authorities, competitive factors, technological developments, and costs of developing, producing and selling ZEVALIN. There is also a risk that even if label expansion of ZEVALIN is approved, it may not result in a significant market increase for the drug due to the presence of other treatment options, failure to gain market acceptance and other factors. You should also review the risk factors listed or described from time to time in CTI's filings with the Securities and Exchange Commission including, without limitation, CTI's most recent filings on Forms 10-K, 8-K, and 10-Q. Except as may be required by law, CTI does not intend to update or alter its forward-looking statements whether as a result of new information, future events, or otherwise.
Spectrum Contacts
Russell Skibsted - Chief Business Officer
949-788-6700x234
Paul Arndt - Manager, Investor Relations
949-788-6700x234
Cell Therapeutics Contacts
Media Contact:
Dan Eramian, 206-272-4343
media@ctiseattle.com
http://www.celltherapeutics.com/press_room
Investors Contact:
Ed Bell, 206-272-4345
Lindsey Jesch Logan, 206-272-4347
invest@ctiseattle.com
http://www.celltherapeutics.com/investors
Spectrum Pharmaceuticals, Inc.; Cell Therapeutics, Inc.
CONTACT: Russell Skibsted, Chief Business Officer, or Paul Arndt, Manager, Investor Relations, both of Spectrum, +1-949-788-6700, ext. 234; or Media, Dan Eramian, +1-206-272-4343, media@ctiseattle.com, or Investors, Ed Bell, +1-206-272-4345, or Lindsey Jesch Logan, +1-206-272-4347, invest@ctiseattle.com, all of Cell Therapeutics
Web site: http://www.celltherapeutics.com/ http://www.spectrumpharm.com/
Systems Integration Labs for Presidential Helicopter Program Fully Capable at U.S. Navy Base in Maryland
OWEGO, N.Y., Nov. 26 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] has attained full function capability in all the systems integration laboratories that support the VH-71 presidential helicopter program, after completing the Master Systems Bench (MSB) located at Naval Air Station Patuxent River, MD.
The NAS Patuxent River MSB, part of the Systems Integration Laboratory, contains all of the aircraft avionic systems installed in a full-scale VH-71A cockpit and rear cabin, with out-the-window visual displays and aircraft simulation allowing full mission scenarios to be "flown" while on the ground. This enables the flight test pilots and engineers to conduct valuable training, perform system analysis and debug problems on the ground.
"Having a fully capable laboratory at the Navy's Presidential Helicopter Support Facility is a huge plus in optimizing flight test time," said Jeff Bantle, Lockheed Martin vice president and general manager of the VH-71 program. "Ground testing provides a big cost and time savings for the program, because it reserves air time and fuel for airworthiness tests and certifications."
The aircraft-like MSB complements the avionics-based Systems Integration Bench at the same location completed in February. An identical Systems Integration Laboratory at Lockheed Martin in Owego, NY, allows avionics engineers there to develop and test the next version of software used in the helicopter's mission and communications systems.
The advanced communications system of the presidential communications suite allows secure and non-secure communications between the helicopter and personnel at locations such as the White House, the Pentagon and other ground and mobile platforms.
Lockheed Martin Systems Integration-Owego is the prime contractor and systems integrator for the VH-71 program with overall responsibility for the program and aircraft system. AgustaWestland, the principal subcontractor to Lockheed Martin, has responsibility for the basic air vehicle design, production build, and basic air vehicle support functions. More than 200 suppliers in 41 states support the VH-71 program.
Headquartered in Bethesda, MD, Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2007 sales of $41.9 billion.
Lockheed Martin
CONTACT: Monica Hallman, +1-607-751-3200, monica.hallman@lmco.com, for Lockheed Martin
Web Site: http://www.lockheedmartin.com/
AT&T Expands Presence in Middle East and Africa Market, Appoints New Sales HeadKevin Maher appointed Regional Vice President as global networking leader continues to grow in MEA regionSaudi Arabia node latest addition to AT&T's global networkNew AT&T office to open in Dubai's Internet City
DUBAI, United Arab Emirates, Nov. 26 /PRNewswire-FirstCall/ -- Further expanding its business and operations in the Middle East and Africa (MEA) region, AT&T Inc. today announced it is appointing a new sales leader to serve AT&T's global business customers in the region.
Kevin Maher, newly appointed as Regional Vice President of Middle East & Africa, will be based in Dubai, where AT&T maintains its regional headquarters, and will be responsible for the strategic direction and tactical management of the global resources serving AT&T's business customers in the region.
Maher has been part of the AT&T global sales leadership for the past five years and was most recently a sales centre VP supporting AT&T's global customers with networking requirements in the United States. He has more than 25 years of experience in the telecommunications industry with AT&T, ITT, Western Union and Global One, having held positions of increasing responsibility in business leadership during his career.
Maher joins the AT&T leadership team supporting AT&T's operations in the region. In January this year John Gibson was appointed president of Business Development, Middle East and Africa for AT&T. Gibson's focus is to accelerate business development opportunities as part of AT&T's ongoing strategic investment in the region and he has overall responsibility for AT&T business strategy, as well as infrastructure expansion, partnerships and alliances in the Middle East and Africa.
AT&T also announced that its latest network node in the region, in Saudi Arabia, is operational and available to serve the networking requirements for customers in the largest economy in the Middle East. The node, in Jeddah, is operated in cooperation with Saudi Telecommunications Company (STC) and NavLink, a company in which AT&T maintains a minority shareholding.
The advanced data infrastructure from AT&T will allow AT&T customers to directly interconnect to STC's nationwide Multi-Protocol Label Switching (MPLS) network -- the largest and most advanced MPLS network in the Middle East region.
Following completion of the node and interconnection of the AT&T network with STC's national MPLS Network, AT&T is better able to respectively serve the global enterprise customers' requirements for service in Saudi Arabia as well as Saudi national customers' requirements for service in the rest of the world.
As AT&T continues to build and consolidate its position in the region, the company also announced that it will be moving to a new office in Dubai. The new office, in Dubai Internet City, will serve as the headquarters location for AT&T in the Middle East and Africa. AT&T first opened its regional headquarters in Dubai in 2006 to meet the needs of its customers in what is a high-growth market and the new, larger office, is further evidence of its continuing success and commitment to the market.
AT&T's global network provides services for multinational companies through out the MEA region and offers its customers access to its advanced portfolio of Internet Protocol (IP) based managed communications services including hosting, security and worldwide connectivity.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2008 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
Note: This AT&T news release and other announcements are available as part of an RSS feed at http://www.att.com/rss. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Niall Hickey of AT&T, +44 (0)207 663 5076, nhickey@emea.att.com; or Gioconda Beekman of Fleishman-Hillard, +44 (0)207 395 7068, gioconda.beekman@fleishmaneurope.com, for AT&T Inc.
Web site: http://www.att.com/
STMicroelectronics' STM32 Microcontroller Wins EDN China 2008 'Best Product' Innovation AwardMCU Family voted Best for Boosting 32-bit Design Flexibility
SHENZHEN, China, Nov. 26 /PRNewswire-FirstCall/ -- STMicroelectronics , a world leader in microcontrollers and recognized innovator among semiconductor manufacturers, was presented with EDN China's 2008 Best Product Award. The STM32 was singled out among scores of competing products in a broad range of categories. EDNC's Innovation Award honors outstanding electronic products and professionals, as selected by an expert jury and voted on by engineers in China.
ST's STM32 MCU family won the "Best Product" Award in the "Microprocessor and DSP" category. Based on the advanced ARM Cortex-M3 core, controllers in the STM32 family can offer up to 512 Kbytes of on-chip Flash, a large SRAM and extra features for displays, sound, storage and advanced control, and low power consumption with multiple power-saving modes for optimal performance in a wide range of consumer and industrial products.
Nominated products were assessed and chosen as finalists by a panel of judges selected by the EDN China editorial team and containing a cross section of industry experts and specialists from China's leading OEM companies, academic institutes, universities and EDN China's editorial board. Readers and registered users of EDN China were then invited to vote for the winners in nine categories.
"We are very proud that STM32 won the Best Product Award of this year's EDNC Innovation Award. Although STM32 was designed in Europe, it is widely accepted by Chinese engineers since it is voted by EDNC netizens and engineers," said Arnaud Julienne, Director, Microcontrollers, Memories & Smartcards Group. "We are pleased that the STM32 has gained significant design-wins in the mass market of China. The applications into which China's engineers are designing the STM32 demonstrate their world-class marketing and design skills."
About EDN China Innovation Award 2008
The EDN Innovation Award was launched in Silicon Valley in 1990, to honor the innovative products and people in the electronics industry. As China has developed an electronic-design infrastructure over the years, an increasing number of innovative products have been introduced to China's markets. In order to facilitate a deeper understanding of advanced products and technology for Chinese electronic design engineers, EDN China introduced its Awards into China in 2005, and the recognition has become the most authoritative awards in the Chinese electronics design community. In 2008, 160 products from 74 companies were nominated to compete for the awards. Fifty one of these products, were selected as finalists by the judging panel.
About STMicroelectronics
STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2007, the Company's net revenues were $10 billion. Further information on ST can be found at http://www.st.com/.
STMicroelectronics
CONTACT: Michael Markowitz of STMicroelectronics, +1-212-821-8959, michael.markowitz@st.com
Web Site: http://www.st.com/
Tyco Electronics to Present at Credit Suisse 2008 Annual Technology Conference
PEMBROKE, Bermuda, Nov. 26 /PRNewswire-FirstCall/ -- Tyco Electronics Ltd. today announced that Chief Executive Officer Tom Lynch will present at Credit Suisse's 2008 Annual Technology Conference in Scottsdale, Ariz. on Dec. 3, 2008 at 10:00 a.m. PST.
-- An audio webcast of the presentation will be available and can be
found at Tyco Electronics' website:
http://investors.tycoelectronics.com/. An audio replay of the webcast
will be available beginning within 24 hours after conclusion of Credit
Suisse's live event on Dec. 4, 2008 and ending at 11:59 p.m. on Jan.
4, 2009 and can be accessed at the same website.
ABOUT TYCO ELECTRONICS
Tyco Electronics Ltd. is a leading global provider of engineered electronic components, network solutions, undersea telecommunication systems and wireless systems, with 2008 sales of $14.8 billion to customers in more than 150 countries. We design, manufacture and market products for customers in industries from automotive, appliance and aerospace and defense to telecommunications, computers and consumer electronics. With nearly 8,000 engineers and worldwide manufacturing, sales and customer service capabilities, Tyco Electronics' commitment is our customers' advantage. More information on Tyco Electronics can be found at http://www.tycoelectronics.com/.
Tyco Electronics Ltd.
CONTACT: Media Relations: Sheri Woodruff, +1-609-893-9555 Office, +1-609-933-9243 Mobile, swoodruff@tycoelectronics.com, Investor Relations: John Roselli, +1-610-893-9559 Office, john.roselli@tycoelectronics.com, Keith Kolstrom, +1-610-893-9551 Office, keith.kolstrom@tycoelectronics.com, all of Tyco Electronics Ltd.
Web Site: http://www.tycoelectronics.com/
Broadcast-Quality TV Now Playing on Verizon Wireless Phones in San AntonioJoins Grand Rapids, Mich.; Cincinnati; and Toledo, Ohio, as V CAST Mobile TV Markets Launched this Month
BASKING RIDGE, N.J., Nov. 26 /PRNewswire/ -- Wait times at the airport, doctors' offices and restaurants just got a little bit more interesting for Verizon Wireless customers in San Antonio who can now watch broadcast-quality television on select TV-enabled handsets. V CAST Mobile TV from Verizon Wireless now offers customers in San Antonio; Toledo, Ohio; Grand Rapids, Mich.; and Cincinnati broadcast-quality picture and sound for programming from the best of broadcast and cable television, including live shows and other mobile television content 24 hours a day from many of the best-known entertainment brands.
With V CAST Mobile TV on their Verizon Wireless phones, customers can catch sporting events, breaking news and their favorite network TV shows -- not to mention make phone calls -- while on-the-go.
V CAST Mobile TV offers programming for TV viewers of all ages and interests, including the "Late Show with David Letterman," "24" and "Dora the Explorer." The service offers live shows and mobile television content from CBS Mobile, CNBC, Comedy Central, ESPN Mobile TV, FOX Mobile, FOX News, MSNBC, MTV, NBC 2Go and Nickelodeon.
The service also comes with parental control features, so parents can monitor and restrict the programs their children view.
V CAST Mobile TV from Verizon Wireless is provided by the award-winning FLO TV(TM) service from MediaFLO USA Inc., a wholly owned subsidiary of Qualcomm Incorporated. Because MediaFLO USA operates a dedicated multicast network that delivers programming in a linear format, Verizon Wireless can offer customers the latest in mobile entertainment without impacting its award-winning voice and data services.
Verizon Wireless now offers V CAST Mobile TV in more than 63 markets across the country. Monthly access packages for V CAST Mobile TV range from $13 to $25 per month. For the latest information on V CAST Mobile TV from Verizon Wireless, including programs, handsets, pricing and availability, visit the V CAST Mobile TV Web site at http://www.verizonwireless.com/mobiletv.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 70.8 million customers. Headquartered in Basking Ridge, N.J., with 71,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, visit 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.
MediaFLO, MediaFLO USA, FLO and FLO TV are trademarks of Qualcomm Incorporated. All other trademarks are the property of their respective owners. All programming is subject to change and blackout restrictions may apply.
Verizon Wireless
CONTACT: Media, Debra Lewis of Verizon Wireless, +1-908-559-7512, Debra.Lewis@verizonwireless.com
Web Site: http://www.verizonwireless.com/ http://www.verizonwireless.com/mobiletv
Company News On-Call: http://www.prnewswire.com/comp/094251.html
EXFO Expands Ethernet Test Capabilities of its Power Blazer ModulesIndustry's most integrated and feature-rich multi-service transport test solution now supports multi-stream QoS test capabilities
QUEBEC CITY, Nov. 26 /PRNewswire-FirstCall/ -- EXFO Electro-Optical Engineering Inc. announced today the addition of multi-stream test support on the FTB-8120NGE, FTB-8130NGE, IQS-8120NGE and IQS-8130NGE Power Blazer multi-service test modules.
These test modules are the de facto industry standard when it comes to multi-service test capabilities with DSn/PDH, SONET/SDH, OTN, Ethernet, and Fibre Channel support. The FTB-8120NGE and FTB-8130NGE Power Blazer modules are housed inside the FTB-200 Compact Platform and FTB-400 Universal Test System for field and central office testing requirements, while the IQS versions are hosted inside the IQS-500 and IQS-600 platforms for manufacturing floor and lab environments. With today's announcement, the Power Blazer modules' Ethernet test suite has been further enhanced to help customers better respond to the reality of today's market.
Data services are significantly shifting toward supporting a variety of applications on the same network. This shift has fueled the need for quality of service (QoS) testing to ensure Ethernet-based services meet required customer service-level agreements (SLAs). By providing the ability to configure multiple streams, the FTB/IQS-8120NGE and FTB/IQS-8130NGE Power Blazer modules allow network operators to simulate and qualify different types of applications running over their networks. The frame analysis feature enables multi-stream layer 2 through layer 4 traffic generation, including analysis of packet-jitter (RFC 3393) and out-of-sequence metrics. These measurements allow network operators to efficiently benchmark transport networks when it comes to transport Ethernet services, including triple-play offerings (voice, video and data).
"Our customers are currently deploying more advanced IP services on their transport networks, including triple-play applications, to generate additional revenue streams," said Etienne Gagnon, EXFO's Vice-President of Product Management and Marketing. "Testing these new applications, especially on existing transport networks, is always a challenge. We have risen to this challenge with our Power Blazer test modules, enabling network operators to offer new services with guaranteed quality of service to their customers."
"These new capabilities in our portable and lab test solutions build on the strategy laid through our acquisition of Brix Networks in the spring for stronger integration between the different layers of our customers' networks, from the physical layer right up to the applications layer," said Vivian Hudson, Vice-President and General Manager of EXFO Service Assurance. "Globally, customers are confirming our vision regarding the significant synergies between portable test and measurement with service assurance in their networks."
For more information about the FTB/IQS-8120NGE and FTB/IQS-8130NGE Power Blazer modules or related platforms, please visit http://www.exfo.com/.
About EXFO
EXFO is a leading provider of test and service assurance solutions for network service providers and equipment manufacturers in the global telecommunications industry. The Telecom Division offers a wide range of innovative solutions extending across the full technology lifecycle - from design to technology deployment and onto service assurance - and covering all layers on a network infrastructure to enable triple-play services and next-generation, converged IP networking. The Life Sciences and Industrial Division offers solutions in medical device and opto-electronics assembly, fluorescence microscopy and other life science sectors. For more information, visit http://www.exfo.com/.
EXFO Electro-Optical Engineering Inc.
CONTACT: Vance Oliver, Manager, Investor Relations, (418) 683-0913, Ext. 3733, vance.oliver@exfo.com
Omnicell Attains Microsoft Gold Certified Partner StatusHigh-touch customer support for healthcare facilities includes expertise in Microsoft technologies
MOUNTAIN VIEW, Calif., Nov. 26 /PRNewswire-FirstCall/ -- Omnicell, Inc., a leading provider of system solutions to acute healthcare facilities, today announced that it has attained Gold Certified Partner status in the Microsoft Certified Partner (MCP) program, with competencies in OEM hardware, information worker and networking infrastructure solutions.
As a Gold Certified Partner, Omnicell is recognized as demonstrating the highest level of competence and expertise with Microsoft technologies and is authorized to provide consulting, training, implementation, maintenance and support when assisting its customers. Omnicell also enjoys a relationship with Microsoft within the mobile wireless workstation sector, and has access to additional around-the-clock direct support from Microsoft if needed.
"With Microsoft Gold Certified Partner Status, Omnicell can continue to deliver the best customer experience in healthcare," said Gil Khalil, senior manager, Corporate Software Contracts & Licensing Compliance, Omnicell. "Hospitals can be assured that Omnicell's staff has been trained and tested to leverage Microsoft technologies to meet their growing needs."
About Omnicell
Omnicell, Inc. is a leading provider of systems targeting patient safety and operational efficiency in healthcare facilities. Since 1992, Omnicell has worked to enhance patient safety and allow clinicians to spend more time with their patients.
Omnicell's medication-use product line includes solutions for the central pharmacy, nursing unit, operating room, and patient bedside. Solutions range from complete automation systems for the central pharmacy to nursing unit and bedside dispensing cabinet systems. From the point at which a medication arrives at the receiving dock to the time it is administered, Omnicell systems store it, package it, bar code it, order it, issue it, and provide information and controls on its use and reorder.
Our supply product lines provide a healthcare institution with fast, effective control of costs, capture of charges for payer reimbursement, and timely reorder of supplies. Products range from high-security closed-cabinet systems and software to open-shelf and combination solutions in the nursing unit, cath lab and operating room. For more information, visit http://www.omnicell.com/.
OMCL: G
Omnicell, Inc.
CONTACT: Deborah Reinert of Omnicell, Inc., +1-650-251-6403, deborah.reinert@omnicell.com; or Linda Capcara of LVA Communications, +1-480-229-7090, linda@lva.com, for Omnicell, Inc.
Web site: http://www.omnicell.com/
Hampden County, Massachusetts Residents to Benefit From Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Voice, Multimedia and Internet Access
WILBRAHAM, Mass., Nov. 26 /PRNewswire/ -- In a continuing effort to provide the best wireless service for local residents in Hampden County, Verizon Wireless has activated two new cell sites. The new site in Monson, Massachusetts increases wireless voice and data coverage and capacity along Route 32. The new site in Wilbraham provides wireless data coverage and capacity to the town of Wilbraham, Massachusetts, and the surrounding area.
Verizon Wireless has invested more than $48 billion since it was formed to increase the coverage and capacity of its national network and to add new services like BroadbandAccess and V CAST. Regionally the company has invested over $2.2 billion into its New England network, including over $100 million during the first six months of 2008. As the wireless carrier with America's largest 3G network, every Verizon Wireless cell site in New England provides wireless broadband connectivity.
"We've always believed that even the most advanced cell phone is only as good as the network it runs on," said director for Network Systems Performance for Verizon Wireless, Richard Enright. "We continue to aggressively invest into our wireless networks across New England to increase coverage and capacity for our customers."
BroadbandAccess offers computer users the nation's most reliable high-speed wireless mobile broadband network, operating at average upload speeds between 500 and 800 kbps, and download speeds between 600 kbps and 1.4 mbps over Verizon Wireless' BroadbandAccess with EV-DO Revision A network. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones.
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. Nationally, these test men and women drive more than 90 specially equipped vehicles almost 1,000,000 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 confirm that 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 70.8 million customers. Headquartered in Basking Ridge, N.J., with 71,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, visit 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: Michael Murphy of Verizon Wireless, 1-781-932-1213; or Marcia Simon of Thomson Communications for Verizon Wireless, +1-860-399-0191
Web Site: http://verizonwireless.mediaseed.tv/home.aspx http://www.verizonwireless.com/b2c/index.html
Wegener Corporation Reports Results for Fourth Quarter and Fiscal Year 2008
DULUTH, Ga., Nov. 26 /PRNewswire-FirstCall/ -- Wegener Corporation, a leading provider of products for television, audio and data distribution networks worldwide, today announced financial results for the fourth quarter and fiscal year ended August 29, 2008.
Revenues for the fourth quarter of fiscal 2008 were $5.4 million compared to $5.7 million for the same period in fiscal 2007. Revenues for all of fiscal 2008 were $21.5 million compared to $21.5 million for the same period in fiscal 2007. Net earnings for the three months ended August 29, 2008, were $873,000 or $0.07 per share compared to net earnings of $142,000 or $0.01 per share for the three months ended August 31, 2007. Net earnings for the year ended August 29, 2008, were $383,000 or $0.03 per share compared to a net loss of $(753,000) or $(0.06) per share for fiscal 2007. Net earnings for the fourth quarter and for fiscal 2008 included a gain on sale of patents of $894,000.
Wegener Corporation, in compliance with NASDAQ Marketplace Rule 4350(b)(1)(B), also announced that the audit report included in the Company's Annual Report on Form 10-K for the fiscal year ended August 29, 2008 expresses an unqualified audit opinion from its independent registered public accounting firm, BDO Seidman, LLP, but contains an explanatory paragraph relating to the Company's ability to continue as a going concern. The Company discusses this matter further in its Form 10-K, which will be filed later today.
Wegener Corporation's eighteen-month backlog was $8.5 million at August 29, 2008, compared to $10.2 million at August 31, 2007. The total multi-year backlog at August 29, 2008, was approximately $13.3 million compared to $17.1 million at August 31, 2007. Bookings for the fourth quarter of fiscal 2008 were $5.0 million compared to $7.4 million for the same period in fiscal 2007. Bookings for fiscal 2008 were $16.4 million compared to $17.9 million for fiscal 2007.
"We are reporting a profitable fourth quarter and fiscal 2008 despite these difficult economic times," stated Robert Placek, Chairman and CEO of Wegener Corporation. "However, with the continuing slowdown of the economy and with low bookings and revenues in the first quarter of fiscal 2009, we anticipate an operating loss for the first quarter but expect improved revenues and operating results in the second quarter. To bridge this challenging period, we are in discussions with potential sources to obtain additional working capital required during the second quarter of fiscal 2009. In addition, the previously announced re-sizing of the Company was accomplished primarily during the fourth quarter of fiscal 2008 with little impact on the Company's capacity, as was predicted."
He continued, "WEGENER continues to focus on strategies for bandwidth savings for our customers. During the fourth quarter, we released the updated Unity(R) 4600 satellite receiver with DVB-S2 demodulation support. The new feature is specifically designed to increase efficiency and flexibility within any satellite-enabled media network. Upon its release, we received orders from both radio and video-centric customers."
"The fourth quarter saw strengthened partnerships with two of our key customers: Dial Global (formerly Jones Media America) and the Nielsen Company," stated Ned L. Mountain, President and COO of WEGENER. "Following the acquisition of Jones Media in June of this year, Dial Global purchased our iPump(R) media servers to upgrade and expand the WEGENER file-based broadcasting platform that Jones Media had established. This multi-year project will ultimately expand Dial Global's file-based distribution of programming, advertising and related services to 6,000 radio affiliates."
WEGENER expanded its relationship with the Nielsen(R) Company through the recent launch of the SpoTTrac(R) Digital encoder. The SpoTTrac(R) Digital encoder supports Nielsen's tracking services for high definition (HD) advertising.
Wegener Corporation will host a conference call to discuss its financial results at 4:30 PM Eastern Standard Time on Wednesday, November 26, 2008. To join the conference call, dial 1-866-825-1692 or 1-617-213-8059 and enter participant code 70684181. Wegener Corporation intends to discuss financial and other operational information on this conference call. In addition, this call is being webcast by Thomson/CCBN and can be accessed from the Company's website at http://www.wegener.com/. It will be archived on WEGENER's website at http://www.wegener.com/ and the replay will be available within one hour after the conference call.
ABOUT WEGENER
WEGENER(R) (Wegener Communications, Inc.), a wholly-owned subsidiary of Wegener Corporation , is an international provider of digital solutions for video, audio, and IP data networks. Applications include IP data delivery, broadcast television, cable television, radio networks, business television, distance education, business music and financial information distribution. Compel(R), WEGENER's patented network control system, provides networks with unparalleled ability to regionalize programming and commercials. Compel(R) network control capability is integrated into WEGENER(R) digital satellite receivers. WEGENER(R) can be reached at +1.770.814.4000 or on the World Wide Web at http://www.wegener.com/.
WEGENER, COMPEL, COMPEL CONTROL, iPUMP, MEDIAPLAN, UNITY, ASSURED FILE DELIVERY, PANDA, PROSWITCH, VIDATA, the stylized W-design logo (for WEGENER(R)), the stylized C-design logo (for Compel(R)) and the stylized PANDA design logo are all registered trademarks of WEGENER(R). All Rights Reserved.
This news release may contain forward-looking statements within the meaning of applicable securities laws, including the Private Securities Litigation Reform Act of 1995, and the Company intends that such forward-looking statements are subject to the safe harbors created thereby. Forward-looking statements may be identified by words such as "believes," "expects," "projects," "plans," "anticipates," and similar expressions, and include, for example, statements relating to expectations regarding future sales, income and cash flows. Forward-looking statements are based upon the Company's current expectations and assumptions, which are subject to a number of risks and uncertainties including, but not limited to: customer acceptance and effectiveness of recently introduced products, development of additional business for the Company's digital video and audio transmission product lines, effectiveness of the sales organization, the successful development and introduction of new products in the future, delays in the conversion by private and broadcast networks to next generation digital broadcast equipment, acceptance by various networks of standards for digital broadcasting, the Company's liquidity position and capital resources, general market conditions which may not improve during fiscal year 2009 and beyond, and success of the Company's research and development efforts aimed at developing new products. Discussion of these and other risks and uncertainties are provided in detail in the Company's periodic filings with the SEC, including the Company's most recent Annual Report on Form 10-K. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results. Forward-looking statements speak only as of the date the statement was made. The Company does not undertake any obligation to update any forward-looking statements.
WEGENER CORPORATION AND SUBSIDIARIES
Summarized Operations Data
(in $000's except per share amounts)
Three Months Ended Twelve Months Ended
Unaudited
August 29, August 31, August 29, August 31,
2008 2007 2008 2007
Revenues, net $5,409 $5,745 $21,494 $21,546
Operating income (loss) (a) 918 201 540 (613)
Net earnings (loss) (a) $873 $142 $383 $(753)
Net earnings (loss) per share
Basic $0.07 $0.01 $0.03 $(0.06)
Diluted $0.07 $0.01 $0.03 $(0.06)
Shares used in per share
calculation
Basic 12,647 12,647 12,647 12,614
Diluted 12,654 12,687 12,659 12,614
(a) The fourth quarter and the year ended August 29, 2008 include a gain
on sale of patents of $894,000.
WEGENER CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in $000's except share data)
August 29, August 31,
2008 2007
Assets
Current assets
Cash $8 $7
Accounts receivable, net 2,963 5,172
Inventories, net 6,295 3,380
Other 212 195
Total current assets 9,478 8,754
Property and equipment, net 1,709 1,778
Capitalized software costs, net 1,218 1,242
Other assets 454 684
Land held for sale 354 354
Total assets $13,213 $12,812
Liabilities and Shareholders' Equity
Current liabilities
Bank line of credit $1,883 $2,016
Accounts payable 1,971 1,145
Accrued expenses 1,872 2,609
Deferred revenue 772 774
Customer deposits 1,928 1,871
Total current liabilities 8,426 8,415
Commitments and contingencies
Shareholders' equity
Common stock, $.01 par value;
20,000,000 shares authorized;
12,647,051 and 12,647,051 shares
respectively, issued and outstanding 127 127
Additional paid-in capital 20,006 19,999
Deficit (15,346) (15,729)
Total shareholders' equity 4,787 4,397
Total liabilities and shareholders' equity $13,213 $12,812
Wegener Corporation
CONTACT: Press, Robin Hoffman of Pipeline Communications, +1-973-746-6970, robinhoffman@pipecomm.com, for Wegener Corporation; or Investors, Troy Woodbury, Investor Relations, WEGENER, +1-770-814-4000, or FAX, +1-770-623-9648, info@wegener.com
Web site: http://www.wegener.com/
PLC Systems Receives Full FDA Approval for Pivotal Study of RenalGuard(TM) in The U.S.Study Expanded to 406 Subjects
FRANKLIN, Mass., Nov. 26 /PRNewswire-FirstCall/ -- PLC Systems Inc. (OTC Bulletin Board: PLCSF) announced today that it has received full approval from the U.S. Food and Drug Administration (FDA) for its U.S. pivotal trial to study the effectiveness of the Company's RenalGuard System(TM) and associated therapy in the prevention of Contrast-Induced Nephropathy (CIN).
The FDA also approved PLC's request to expand their investigation from the 246 patients conditionally approved earlier this year to 406 patients and eliminate the requirement for an interim study analysis to be performed. As a result of this and other changes, the study is no longer considered an adaptive study.
Mark R. Tauscher, President and Chief Executive Officer of PLC, said, "We are very pleased with the FDA's full approval to the Investigational Device Exemption (IDE) supplement we filed in February to study RenalGuard in the U.S. While we have deferred the onset of the trial pending receipt of funding to complete it, the investigator-sponsored clinical trial at the Cardiologico Centrino Monzino (CCM) - University of Milan in Italy is continuing, as are our commercialization efforts in Europe, under the CE Mark we received in late 2007. Full FDA approval of the IDE supplement is another major milestone on our path forward to commercializing RenalGuard(TM) in the U.S., and with its receipt, we are well-positioned to begin the trial with our targeted study sites, once we have the needed funding."
Mr. Tauscher added, "We remain very confident that RenalGuard is a highly promising therapy addressing a large, unmet market need. We are optimistic that the results from the CCM study will provide critical validation for our technology, and support our efforts to raise funding for the U.S. pivotal study as well."
Contrast-Induced Nephropathy, or CIN, is a major and growing problem due to the increasing number of older patients, diabetics and patients with pre-existing renal impairment - all of whose conditions make them at risk for CIN when they require interventional procedures that use radiographic contrast media. The Company's U.S. pivotal study, under the supervision of principal investigators Charles Davidson, MD, Professor of Medicine, Northwestern University Medical School and Richard J. Solomon, MD, Professor of Medicine, University of Vermont College of Medicine, is designed as a randomized controlled trial at up to 30 sites in the U.S. Enrollment in the trial will now include 406 patients.
Contrast-Induced Nephropathy
Approximately seven million patients worldwide undergo interventional cardiovascular therapeutic and diagnostic imaging procedures each year. CIN is the third most common cause of in-hospital acute renal failure. It is associated with significant in-hospital mortality rates, and increases in long-term mortality rates, major in-hospital adverse cardiac events, and the risk of having to undergo renal dialysis therapy. Any of these can result in prolonged hospital stays and increased medical costs. Studies indicate that approximately 15-20% of all patients undergoing image-guided cardiology and radiology procedures are at risk of developing CIN. The estimated mortality rate for patients that acquire CIN may be as high as 35%.
About RenalGuard
RenalGuard is based on existing pre-clinical study data that suggests that initiating and maintaining high urine output during imaging procedures allows the body to rapidly eliminate toxins in contrast media, reducing their harmful effects. RenalGuard is a fully-automated, real-time matched fluid replacement device intended for interventional cardiology and radiology patients undergoing imaging procedures using contrast media.
About PLC Systems Inc.
PLC Systems Inc. is a medical technology company specializing in innovative technologies for the cardiac and vascular markets.
PLC's newest product, RenalGuard, is approved for sale in the EU as a general fluid balancing device. The RenalGuard System consists of a unique, proprietary, closed loop, software-controlled console and accompanying single-use sets that can be used by physicians and nurses to balance patient fluid levels during a variety of medical procedures. With its automated matched fluid replacement capability, RenalGuard is intended to minimize the risk to patients of over- or under-hydration while also largely eliminating what can be an intensive and time consuming manual fluid balancing task for physicians and nurses.
Headquartered in Franklin, Massachusetts, PLC pioneered the CO2 Heart Laser System, which cardiac surgeons use to perform CO2 transmyocardial revascularization (TMR) to alleviate symptoms of severe angina. CO2 TMR offers a treatment option for angina patients who suffer from severe coronary artery disease. The C02 Heart Laser is the world's first TMR angina relief device cleared for commercial distribution by both the U.S. Food and Drug Administration and Japanese Ministry of Health, Labor and Welfare, and to obtain a CE Mark for distribution within the EU.
Additional company information can be found at http://www.plcmed.com/.
This press release contains "forward-looking" statements. For this purpose, any statements contained in this press release that relate to prospective events or developments are deemed to be forward-looking statements. Words such as "believes," "anticipates," "plans," "expects," "will" and similar expressions are intended to identify forward-looking statements. Our statements of our objectives are also forward-looking statements. While we may elect to update forward-looking statements in the future, we specifically disclaim any obligation to do so, even if our estimates change, and you should not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release. Actual results could differ materially from those indicated by such forward-looking statements as a result of a variety of important factors, including that we may not be able to obtain funding sufficient to conduct our pivotal trial and additional risk factors described in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2008, and our other SEC reports.
PLC Systems, PLC Medical Systems, PLC and CO2 Heart Laser, and RenalGuard are trademarks of PLC Systems Inc.
Contact:
Mary T. Conway
Conway Communications
617-244-9682
mtconway@att.net
PLC Systems Inc.
CONTACT: Mary T. Conway of Conway Communications, +1-617-244-9682, mtconway@att.net
Web Site: http://www.plcmed.com/
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