Companies news of 2009-03-03 (page 1)
Salesforce.com Executive Vice President of Marketing to Present at Citigroup Hosted...
Crossflo Health Information Exchange Project Presented at HP Health and Life Sciences...
Nanophase Announces Changes in Principal Officers and Directors
VeriFone Reports First Quarter Fiscal 2009 Results
NATS Selects Era for UK Height Monitoring Unit
Presstek Announces Information Regarding Fourth Quarter 2008 Financial Results
Majesco Entertainment Schedules Fiscal First Quarter 2009 Earnings Release and Conference...
Architectural Record Wins MPA Website of the Year AwardIndustry association recognizes...
Fortune Market Media, Inc. Makes Offer for Yellow Pages Israel Bond's Holders to Acquire...
China Voice Holding Corp. Develops Cellular Teleconferencing Application to Support China...
Linux Foundation to Build New Linux.com CommunitySourceForge and Linux Foundation partner...
Comcast to Roll Out Extreme 50 Mbps High-Speed Internet Service in Bay AreaComcast Will...
Valeo Equips the new BMW 7 Series With its Multi-Camera System
Qualcomm's Board of Directors Elects Dr. Paul E. Jacobs as Chairman-- Dr. Irwin M. Jacobs...
Federal Signal Files Form 10-K
'Community Auditions' Stars on Verizon's FiOS TVBeloved New England Talent show Premieres...
Mobie Awards: First Major Awards for Mobile AppsGala Award Ceremony March 18 at the...
Standard & Poor's Compustat(R) Increases Industry-Specific Data Sets Available in...
Microsoft and Lenovo Make Dean's List With Ultimate Academic PCsIn tough economic times,...
Zebra Technologies Introduces New Soft Infant Wristbands for Improved Safety and...
Valeo Equips the new BMW 7 Series With its Multi-Camera System
Valeo équipe la nouvelle BMW série 7 de son système multi-caméras
Panasonic Expands Its LUMIX G Micro System With Two Lenses Compatible With The New DMC-GH1...
Panasonic Continues Its Digital Photography Revolution With the Addition of the LUMIX GH1...
California Nonprofits Received $8 Million in 2008 From the Verizon Foundation to Promote...
Baldor Electric Company Contributes $16.4 Million to Employee Profit Sharing and Savings...
Voiceserve Exhibits at Cebit Hanover 2009 - The No. 1 Marketplace for Digital Solutions,...
Supermicro Unveils Over 50 Application-optimized Upcoming Xeon Platforms and 2U Twin2...
HUGHES Telematics Completes Successful Testing in Europe With Its Aftermarket Solution
Salesforce.com Executive Vice President of Marketing to Present at Citigroup Hosted Investor Bus TourEvent to be Webcast Live on salesforce.com's Investor Relations Website
SAN FRANCISCO, March 3 /PRNewswire-FirstCall/ -- Salesforce.com , the enterprise cloud computing company today announced that George Hu, Executive Vice President of Marketing at salesforce.com, will present at the Citigroup Hosted Investor Bus Tour on Thursday, March 5, 2009 at 3:15 pm (PT) / 6:15pm (ET), in San Francisco, CA.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO)
An audio webcast of Mr. Hu's presentation will be available on salesforce.com's website at http://www.salesforce.com/investor.
About salesforce.com
Salesforce.com is the enterprise cloud computing company. The company's portfolio of SaaS applications, including its award-winning CRM, available at http://www.salesforce.com/products/, has revolutionized the ways that customers manage and share business information over the Internet. The company's Force.com PaaS enables customers, developers and partners to build powerful on-demand applications that deliver the benefits of multi-tenancy across the enterprise. Applications built on the Force.com platform, available at http://www.force.com/, can be easily shared, exchanged and installed with a few simple clicks via salesforce.com's Force.com AppExchange marketplace available at http://www.salesforce.com/appexchange/.
As of January 31, 2009, salesforce.com manages customer information for approximately 55,400 customers including Allianz Commercial, Dell, Dow Jones Newswires, Japan Post, Kaiser Permanente, KONE, and SunTrust Banks. Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase salesforce.com applications should make their purchase decisions based upon features that are currently available. Salesforce.com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM". For more information please visit http://www.salesforce.com/, or call 1-800-NO-SOFTWARE.
Copyright (c) 2009 salesforce.com, inc. All rights reserved. Salesforce and the "no software" logo are registered trademarks of salesforce.com, inc., and salesforce.com owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.
Photo: http://www.newscom.com/cgi-bin/prnh/20050216/SFW105LOGO http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
salesforce.com
CONTACT: Investors, David Havlek, +1-415-536-2171, dhavlek@salesforce.com, or Public Relations, Gordon Evans, +1-415-536-7608, gevans@salesforce.com, both of salesforce.com
Web Site: http://www.salesforce.com/
Crossflo Health Information Exchange Project Presented at HP Health and Life Sciences SymposiumCEO of National Center for Health Care Informatics (NCHCI) Presented Pilot Program Success
SAN DIEGO, March 3 /PRNewswire-FirstCall/ -- Crossflo Systems, Inc., a Patriot Scientific company (BULLETIN BOARD: PTSC) , announced that a pilot project, created in collaboration with HP and the National Center for Health Care Informatics (NCHCI), achieved its success metrics and was the model for a presentation today by Raymond F. Rogers, chief executive officer of NCHCI. Mr. Rogers' topic at the HP 2009 Health and Life Sciences Symposium was "Enabling the Rapid Development and Deployment of Health Information Exchange".
The presentation centered on the fact that healthcare quality, safety, and efficiency are compromised because information resides in thousands of disparate data silos. Interoperable health data exchange has become a formidable national challenge for the healthcare industry. The presentation overviewed a pilot project that successfully demonstrated the ability to rapidly develop and deploy health information for the purpose of detecting naturally occurring or bioterrorists' pathogens in their pre-epidemic phases (syndromic surveillance).
Entitled The Montana Health Information Exchange Pilot Project, this effort linked four disparate Montana hospitals' Emergency Departments (ED) with the Montana Department of Public Health and Human Services (MT DPHHS) to share syndromic surveillance data. The system, as envisioned and designed, is fully functional and provides a platform from which to build future capabilities, including the ability to securely move patients' medical records to the point of care.
Crossflo's CDX Server software running on the HP Integrity NonStop server platform facilitates biosurveillance processes and enables the public health systems to quickly detect and respond to potentially catastrophic health problems as well as more routine public health concerns. Crossflo first formed a relationship with HP to configure the CDX Server software on an HP Integrity NonStop server platform over a year ago, when Crossflo joined the HP Developer and Solution Provider Program.
The Symposium is HP's annual premier thought leadership forum dedicated entirely to life sciences and the healthcare community. It provides opportunities to learn and network with health & life sciences industry experts, researchers, physicians and administrators from around the globe. This year's symposium is being held March 2-5, 2009 in Litchfield Park, Arizona.
About Crossflo
Crossflo Systems, Inc., a wholly owned subsidiary of Patriot Scientific Corporation, provides innovative data exchange and information solutions to the justice and public safety sectors and the healthcare industry. Crossflo's flagship software product, the Crossflo DataExchange(R) (CDX) solution, is commercial off-the-shelf (COTS) middleware specifically designed for interagency and cross-domain data sharing using standards-based architecture and intuitive interface design. Crossflo's Iameter Medical Information Solution suite provides analysis of hospital data and insight tools to achieve increased quality and efficiency for the wider healthcare community. Crossflo solutions are backed by operationally oriented professional services and expertise in HL7, NIEM, GJXDM, and IEPD deployments. For more information on Crossflo Systems, Inc., visit: http://www.crossflo.com/. For information on Patriot Scientific Corporation (OTC BB: PTSC), building an integrated core intelligence solution in the data sharing software and secure networking technology sectors, visit http://www.ptsc.com/.
Media Contact:
Angela Hartley
Senior Vice President
858-724-2216, x223
ahartley@crossflo.com
Crossflo Systems, Inc.
CONTACT: Angela Hartley, Senior Vice President of Crossflo Systems, Inc., +1-858-724-2216, ext. 223, ahartley@crossflo.com
Web Site: http://www.crossflo.com/
Nanophase Announces Changes in Principal Officers and Directors
ROMEOVILLE, Ill., March 3 /PRNewswire-FirstCall/ -- Nanophase Technologies , a technology leader in nanomaterials and advanced nanoengineered products, announced today that the Company accepted the resignation of Dr. Richard Brotzman, effective February 28th, as its Chief Technology Officer, so that he may pursue new entrepreneurial business opportunities. Dr. Brotzman was responsible for several of the Company's key patents and served as technical liaison to many of the Company's market partners, helping to bring Nanophase from a development stage company to a commercial enterprise.
The Company also accepted the resignation of Robert Haines, VP of Operations, effective February 28, 2009, who left the Company for health related reasons. Mr. Haines was the critical driver in the Company's progression towards developing the world-class quality-driven volume manufacturing platform that has become one of its key strengths.
Nanophase also announced that Jess Jankowski has been elevated to the position of President & Chief Executive Officer and board director, effective February 28, 2009. Mr. Jankowski had been Nanophase's Acting Chief Executive Officer since August of 2008. He will continue to serve also as Chief Financial Officer as the Company conducts a search for his replacement in that role. Don Perkins, the Company's Chairman, commented that "Mr. Jankowski has earned the Board's trust over the years and has impressed us with his vision for Nanophase and the team he has developed since he assumed leadership six months ago. It is reassuring to note that Mr. Jankowski and his team hold an average of 8 years experience with Nanophase."
Nanophase Technologies Corporation (NANX), http://www.nanophase.com/, is a leader in nanomaterials technologies and provides nanoengineered solutions for multiple industrial product applications. Using a platform of patented and proprietary integrated nanomaterial technologies, the Company creates products with unique performance attributes from two ISO 9001:2000 and ISO 14001 facilities. Nanophase delivers commercial quantity and quality nanoparticles, coated nanoparticles, and nanoparticle dispersions in a variety of media. Information about Nanophase may be found in the Company's public filings or on its website.
All numbers in this release are approximate; refer to the financials accompanying the release for details. Earnings per share are stated as fully diluted. This press release contains words such as "expects", "shall", "will" , "believes" and similar expressions that are intended to identify forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such statements in this announcement are made based on the Company's current beliefs, known events and circumstances at the time of publication, and as such, are subject in the future to unforeseen risks and uncertainties that could cause the Company's results of operations, performance and achievements to differ materially from current expectations expressed in, or implied by, these forward-looking statements. These risk and uncertainties include the following: a decision by a customer to cancel a purchase order or supply agreement in light of the Company's dependence on a limited number of key customers; uncertain demand for, and acceptance of, the Company's nanocrystalline materials; the Company's manufacturing capacity and product mix flexibility in light of customer demand; the Company's limited marketing experience; changes in development and distribution relationships; the impact of competitive products and technologies; the Company's dependence on patents and protection of proprietary information; the resolution of litigation in which the Company may become involved; and other risks described in the Company's Form 10K filed March 14, 2008, and other filings with the Securities and Exchange Commission. In addition, the Company's forward-looking statements could be affected by general industry and market conditions and growth rates. Except as required by federal securities laws, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new events, uncertainties or other contingencies.
Nanophase Technologies
CONTACT: Jess Jankowski, President & CEO, +1-630-771-6702, or Nancy Baldwin, Investor Relations, +1-630-771-6707, both of Nanophase Technologies
Web Site: http://www.nanophase.com/
VeriFone Reports First Quarter Fiscal 2009 Results
SAN JOSE, Calif., March 3 /PRNewswire-FirstCall/ -- VeriFone Holdings, Inc. , the global leader in secure electronic payment solutions today announced financial results for the three months ended January 31, 2009.
Net revenues for the three months ended January 31, 2009, were $214.0 million, 15% higher than the net revenues of $185.5 million for the comparable period of 2008. Net revenues from VeriFone's North America business increased 24% while net revenues from VeriFone's International business increased 10%.
Non-GAAP Gross margins were 35.2%, for the three months ended January 31, 2009, compared to 35.8% for the comparable period of 2008. GAAP gross margins for the three months ended January 31, 2009, were 32.4% compared to 30.9% for the three months ended January 31, 2008.
Non-GAAP operating expenses for the three months ended January 31, 2009, were $50.7 million compared to $57.6 million for the comparable period of 2008. GAAP operating expenses for the three months ended January 31, 2009, were $252.1 million, compared to $79.1 million for the comparable period of 2008. The main reason for the significant increase in GAAP operating expenses is due to a $178.3 million goodwill impairment charge.
Non-GAAP Net income, for the three months ended January 31, 2009, was $0.17 per diluted share, compared to $0.04 per diluted share, for the comparable period in 2008.
GAAP Net loss per share for the three months ended January 31, 2009, was $(2.15) per diluted share, compared to $(0.40) per diluted share, for the comparable period of fiscal 2008.
"We expect that our markets will remain very challenging for the balance of this fiscal year. We continue to focus our efforts on inventory management, engineering cost redesign, expense management and pricing discipline. Our goal is to emerge from this environment with the industry's broadest product portfolio and security offerings, improved operating margins and expanded market share," said Douglas G. Bergeron, Chief Executive Officer.
Guidance - Second Quarter 2009 and Full Year 2009
For the second quarter ending April 30, 2009, VeriFone expects to report net revenues of between $205 and $215 million. Non-GAAP net income per share is projected to be in the range of $0.14 to $0.18.
For the full year of fiscal 2009, VeriFone expects net revenues to be between $830 million and $880 million. Non-GAAP net income per share should be in the range of $0.60 to $0.85, for the same time period.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of VeriFone Holdings, Inc. These risks and uncertainties include: our ability to identify and complete acquisitions and strategic investments and successfully integrate them into our business, our ability to protect against fraud, the status of our relationship with and condition of third parties upon whom we rely in the conduct of our business, our dependence on a limited number of customers, uncertainties related to the conduct of our business internationally, our ability to effectively hedge our exposure to foreign currency exchange rate fluctuations, our dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to our payment solution offerings. For a further list and description of such risks and uncertainties, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. VeriFone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
About VeriFone Holdings, Inc. (http://www.verifone.com/)
VeriFone Holdings, Inc. ("VeriFone") is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.
Additional Resources:
http://ir.verifone.com/phoenix.zhtml?c=187628&p=irol-irhome
FINANCIAL MEASURES
This press release and its attachments include several non-GAAP financial measures, including non-GAAP net revenues; non-GAAP cost of net revenues; non-GAAP gross profit; non-GAAP operating expenses; non-GAAP operating income; non-GAAP net interest and other income; non-GAAP income before income taxes; non-GAAP provision for income taxes, non-GAAP net income; non-GAAP net income per share as well as these non-GAAP financial measures as a percentage of net revenues. In order to assist investors, this press release provides consolidated statement of operations information on a non-GAAP basis, reflecting the adjustments made in the non-GAAP measures listed above.
Reconciliations for the non-GAAP financial measures presented in this press release are provided at the end of this press release.
Management uses non-GAAP financial measures only in addition to and in conjunction with results presented in accordance with GAAP. Management believes that these non-GAAP financial measures help it to evaluate VeriFone's performance and to compare VeriFone's current results with those for prior periods as well as with the results of peer companies. VeriFone's competitors may, due to differences in capital structure and investment history, record certain income and expense items, including interest, tax, depreciation, amortization, and other non-cash expenses, that differ significantly from VeriFone's, in a manner that VeriFone's management believes does not reflect underlying operating performance in a manner that is comparable to VeriFone's. Management also uses these non-GAAP financial measures in VeriFone's budget and planning process. Management also believes that the presentation of these non-GAAP financial measures is useful to investors in comparing VeriFone's operating performance in any period with its performance in other periods and with the performance of other companies that represent alternative investment opportunities. These non-GAAP financial measures contain limitations and should be considered as a supplement to, and not as a substitute for, or superior to, disclosures made in accordance with GAAP.
These non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles and may therefore differ from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures do not reflect all amounts and costs, such as employee stock-based compensation costs, cash that may be expended for future capital expenditures or contractual commitments, working capital needs, cash used to service interest or principal payments on VeriFone's debt, income taxes and the related cash requirements, and restructuring charges, associated with VeriFone's results of operations as determined in accordance with GAAP.
Furthermore, VeriFone expects to continue to incur income and expense items that are similar to those that are eliminated in the non-GAAP adjustments described herein. Management compensates for these limitations by also relying on the comparable GAAP financial measures.
Note A: Acquisition related expenses. VeriFone exclude certain expenses that are the result of acquisitions. These expenses include the amortization of purchased intangible assets, purchased core-and-developed technology, step-down in deferred revenue on acquisition and other acquisition related charges (such as integration charges and certain interest charges) which result in VeriFone recording expenses or fair-value adjustments in VeriFone's GAAP financial statements that were either reflected in the historical financial statements of the acquired company for periods prior to the acquisition or relate to purchase accounting fair value adjustments and for which there is no cash impact on VeriFone. Furthermore, in the case of acquired product lines, had VeriFone internally developed the products acquired, the amortization of intangible assets and the expenses of uncompleted research and development would have been expensed in prior periods. Acquisition related charges result from events which arise from unforeseen circumstances which often occur outside of the ordinary course of business. Accordingly, VeriFone analyzes the performance of its operations without regard to such expenses and fair-value adjustments.
Note B: Other Charges. VeriFone excludes certain expenses that are the result of either unique or unplanned events which are noted below. It is difficult to estimate the amount or timing of these items in advance. Although these events are reflected in our GAAP financials, these expenses may limit the comparability of our on-going operations with prior and future periods. Impairment charges represent non-cash charges, such as impairment of goodwill and write-off of capitalized software, which are not reflective of the operational performance of our business. Post-restatement incremental professional services fees include those fees that are incurred for incremental procedures for preparation, review and audit of financial information prior to remediation of any deficiencies, including material weaknesses, in our internal control over financial reporting, and to assist in remediation. These incremental fees enable management to conclude that our consolidated financial statements are in accordance with GAAP. In the case of legal fees for significant litigation and gain or loss on legal settlements, these fees and gains or losses are typically recorded in or around the period in which the matter is concluded or resolved even if the subject matter of the underlying dispute may relate to multiple or different periods. As such, we believe that including these expenses would not necessarily reflect the underlying performance of our business for the periods in which they are incurred. Restructuring charges, which result from unforeseen circumstances and typically occur outside of the ordinary course of business, are excluded from cost of net revenues and operating expenses. Although these events are reflected in our GAAP financials, excluding the effect of these transactions promotes comparability of our non-GAAP financial results with prior and future periods and best reflects our on-going operations. Foreign currency translation gains or losses related to income or expenses which are excluded in the non-GAAP financial measures are excluded from other income (expense). We believe that it is appropriate to be consistent in the treatment of the underlying transaction and related currency gains or losses. VeriFone also believes providing financial information with and without the income tax effect of excluding items related to our non-GAAP financial measures, provides our management and users of the financial statements with better clarity regarding the on-going performance and future liquidity of our business. Because of these factors, we assess our operating performance with these amounts included and excluded, and by providing this information, we believe that users of our financial statements are better able to understand the financial results of what we consider to be our continuing operations.
Note C: Restatement Expense. Our Non-GAAP financial measures eliminate the impact of restatement expenses. On December 3, 2007, we announced that our management had identified errors in accounting related to the valuation of in-transit inventory and allocation of manufacturing and distribution overhead to inventory for our fiscal year ended October 31, 2007. Restatement expenses include the cost of the Audit Committee's independent investigation and professional services expenses incurred to prepare, review and audit restated financial statements for our fiscal year ended October 31, 2007. VeriFone believes excluding these expenses in our non-GAAP measures promotes comparability of our non-GAAP financial results with prior and future periods and best reflects our on-going operations.
Note D: Stock Based Compensation Related Items. Our non-GAAP financial measures eliminate the effect of expense for stock-based compensation because they are non-cash expenses that management believes are not reflective of ongoing operating results. In particular, because of varying available valuation methodologies, subjective assumptions and the variety of award types which effect the calculations of stock-based compensation, we believe that the exclusion of stock-based compensation allows for more accurate comparisons of our operating results to our peer companies. Stock-based compensation is very different from other forms of compensation. A cash salary or bonus has a fixed and unvarying cash cost. In contrast the expense associated with an award of an option is unrelated to the amount of compensation ultimately received by the employee; and the cost to the company is based on valuation methodology and underlying assumptions that may vary over time and does not reflect any cash expenditure by the company. Furthermore, the expense associated with granting an employee an option is spread over multiple years and may be reversed based on forfeitures which may differ from our original assumptions unlike cash compensation expense which is typically recorded contemporaneously with the time of award or payment.
Note E: Non-GAAP Net Income per Share Items. VeriFone provides basic non-GAAP net income per share and diluted non-GAAP net income per share. The basic non-GAAP net income per share amount was calculated based on our non-GAAP net income and the weighted average number of shares outstanding during the reporting period. The diluted non-GAAP income per share included additional dilution from potential issuance of common stock, except when such issuances would be anti-dilutive.
VERIFONE HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(IN THOUSANDS, EXCEPT PER SHARE DATA AND PERCENTAGES)
(UNAUDITED)
Three Months Ended
January 31,
---------------------
2009 2008 Change (1)
--------- -------- ----------
Net Revenues:
System Solutions $185,841 $155,601 19.43%
Services 28,182 29,920 -5.81%
--------- --------
Total net revenues 214,023 185,521 15.36%
Cost of net revenues:
System Solutions 122,943 101,429 21.21%
Amortization of purchased
core-and-developed
technology 5,168 8,175 -36.78%
--------- --------
Total cost of Systems
Solutions net revenues 128,111 109,604 16.89%
Services 16,610 18,553 -10.47%
--------- --------
Total cost of
net revenues 144,721 128,157 12.92%
--------- --------
Gross profit 69,302 57,364 20.81%
Operating expenses:
Research and development 17,872 22,462 -20.43%
Sales and marketing 19,407 24,643 -21.25%
General and administrative 30,728 26,066 17.89%
Amortization of purchased
intangible assets 5,871 5,890 -0.32%
Impairment of goodwill 178,257 - nm
--------- --------
Total operating
expenses 252,135 79,061 nm
--------- --------
Operating loss (182,833) (21,697) nm
Interest expense (5,361) (6,440) -16.75%
Interest income 647 2,088 -69.01%
Other income (expenses), net 4,214 (4,520) nm
------- ------
Loss before income taxes (183,333) (30,569) nm
Provision for income taxes
(benefit) (1,344) 2,929 nm
--------- --------
Net loss $(181,989) $(33,498) nm
========= ========
Net loss per share:
Basic $(2.15) $(0.40) nm
Diluted $(2.15) $(0.40) nm
Weighted average shares used
in computing net loss per
share:
Basic 84,487 84,153
Diluted 84,487 84,153
(1) "nm" means not meaningful
VERIFONE HOLDINGS, INC. AND SUBSIDIARIES
GEOGRAPHIC REVENUE INFORMATION
(IN THOUSANDS, EXCEPT PERCENTAGES)
(UNAUDITED)
Three Months Ended
January 31,
----------------------
2009 2008 Change
-------- ------- ------
North America $83,900 $67,720 23.89%
Latin America 43,608 44,609 -2.24%
Europe 66,141 57,683 14.66%
Asia 20,514 15,727 30.44%
Corporate (140) (218) -35.78%
-------- --------
$214,023 $185,521
======== ========
VERIFONE HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS)
(UNAUDITED)
January 31, October 31,
2009 2008
-------- ----------
Assets
Current assets:
Cash and cash equivalents $155,075 $157,160
Accounts receivable, net 158,479 170,234
Inventories 139,770 168,360
Other current assets 71,068 67,096
-------- ----------
Total current assets 524,392 562,850
Property, plant and equipment, net 53,316 52,309
Purchased intangible assets, net 81,120 92,637
Goodwill 135,480 321,903
Other assets 46,024 50,053
-------- ----------
Total assets $840,332 $1,079,752
======== ==========
Liabilities and stockholders' equity (deficit)
Current liabilities:
Accounts payable $49,533 $81,188
Income taxes payable 4,658 2,185
Deferred revenue, net 47,049 47,687
Other current liabilities 109,938 130,452
Current portion of long-term debt 5,013 5,022
-------- ----------
Total current liabilities 216,191 266,534
Deferred revenue 12,032 13,292
Long-term debt, less current portion 541,926 543,357
Other long-term liabilities 108,205 112,357
Minority interest 2,263 2,058
Total stockholders' equity (deficit) (40,285) 142,154
-------- ----------
Total liabilities and stockholders'
equity (deficit) $840,332 $1,079,752
======== ==========
VERIFONE HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(IN THOUSANDS)
(UNAUDITED)
Three Months Ended
January 31,
------------------
2009 2008
-------- --------
Cash flows from operating activities
Net loss $(181,989) $(33,498)
Adjustments to reconcile net loss to net cash
provided by (used in) operating activities
Amortization of purchased intangible assets 11,039 14,065
Depreciation and amortization of property,
plant, and equipment 3,245 3,027
Amortization of capitalized software
development costs 790 471
Impairment of goodwill 178,257 -
Write-off of capitalized software
development costs 494 2,700
Loss on disposal of property, plant and
equipment 156 -
Amortization of debt issuance costs 698 616
Stock-based compensation 8,557 5,470
Other non-cash items 213 (227)
-------- --------
Net cash provided by (used in) operating
activities before changes in working capital 21,460 (7,376)
Changes in operating assets and liabilities:
Accounts receivable, net 11,795 11,703
Inventories 28,695 (9,543)
Deferred tax assets (152) 5,707
Prepaid expenses and other current assets (2,761) (16,421)
Other assets 989 (11,370)
Accounts payable (31,655) (4,605)
Income taxes payable 2,473 8,179
Tax benefit from stock-based compensation (1) (957)
Accrued compensation (203) 934
Accrued warranty (106) (758)
Deferred revenues, net (1,899) 17,225
Deferred tax liabilities (5,614) 3,930
Accrued expenses and other liabilities (15,922) 5,373
-------- --------
Net cash provided by operating activities 7,099 2,021
-------- --------
Cash flows from investing activities
Software development costs capitalized (283) (662)
Purchases of property, plant and equipment (4,674) (5,383)
Acquisition of business, net of cash acquired (536) (2,858)
-------- --------
Net cash used in investing activities (5,493) (8,903)
-------- --------
Cash flows from financing activities
Proceeds from long-term debt, net of costs - 439
Payment of debt amendment fees - (740)
Repayments of debt (1,417) (1,250)
Tax benefit of stock-based compensation 1 957
Proceeds from issuance of common stock 19 1,704
Other (21) (31)
-------- --------
Net cash provided by (used in) financing
activities (1,418) 1,079
-------- --------
Effect of foreign currency exchange rate
changes on cash (2,273) 112
-------- --------
Net decrease in cash and cash equivalents (2,085) (5,691)
Cash and cash equivalents, beginning of period 157,160 215,001
-------- --------
Cash and cash equivalents, end of period $155,075 $209,310
======== ========
VERIFONE HOLDINGS, INC. AND SUBSIDIARIES
RECONCILIATIONS OF CERTAIN NON-GAAP FINANCIAL MEASURES
(IN THOUSANDS, EXCEPT PER SHARE DATA AND PERCENTAGES)
(UNAUDITED)
Three Months Ended
January 31,
-----------------
2009 2008
------- -------
GAAP Net revenues - System Solutions $185,841 $155,601
Non-GAAP Net revenues - System Solutions $185,841 $155,601
GAAP Net revenues - Services $28,182 $29,920
Amortization of step-down in deferred
revenue on acquisition A 140 218
------- -------
Non-GAAP Net revenues - Services $28,322 $30,138
GAAP Net revenues $214,023 $185,521
Amortization of step-down in deferred
revenue on acquisition A 140 218
------- -------
Non-GAAP Net revenues $214,163 $185,739
GAAP Cost of net revenues - System Solutions $128,111 $109,604
Stock-based compensation D (467) (557)
Restructuring costs B (118) (166)
Amortization of purchased core-and-developed
technology A (5,168) (8,175)
------- -------
Non-GAAP Cost of net revenues - System
Solutions $122,358 $100,706
GAAP Cost of net revenues - Services $16,610 $18,553
Stock-based compensation D (37) (69)
Restructuring costs B (77) -
------- -------
Non-GAAP Cost of net revenues - Service $16,496 $18,484
GAAP Gross profit - System Solutions $57,730 $45,997
Stock-based compensation D 467 557
Restructuring costs B 118 166
Amortization of purchased core-and-developed
technology A 5,168 8,175
------- -------
Non-GAAP Gross profit - System Solutions $63,483 $54,895
------- -------
GAAP System Solutions gross margins 31.1% 29.6%
Stock-based compensation as a % of System
Solutions net revenues D 0.3% 0.4%
Restructuring costs as a % of System
Solutions net revenues B 0.1% 0.1%
Amortization of purchased core-and-developed
technology as a % of System Solutions net
revenues A 2.8% 5.3%
Non-GAAP System Solutions gross margins 34.2% 35.3%
GAAP Gross profit - Services $11,572 $11,367
Amortization of step-down in deferred
revenue on acquisition A 140 218
Stock-based compensation D 37 69
Restructuring costs B 77 -
------- -------
Non-GAAP Gross profit - Services $11,826 $11,654
------- -------
VERIFONE HOLDINGS, INC. AND SUBSIDIARIES
RECONCILIATIONS OF CERTAIN NON-GAAP FINANCIAL MEASURES
(IN THOUSANDS, EXCEPT PER SHARE DATA AND PERCENTAGES)
(UNAUDITED)
Three Months Ended
January 31,
----------------
2009 2008
------- -------
GAAP Services gross margins 41.1% 38.0%
Amortization of step-down in deferred net
revenues on acquisition as a % of Service
net revenues A 0.5% 0.7%
Stock-based compensation as a % of
Services net revenues D 0.1% 0.2%
Restructuring costs as a % of Services
net revenues B 0.3% 0.0%
Non-GAAP Service gross margins 41.8% 38.7%
GAAP Gross profit $69,302 $57,364
Amortization of step-down in deferred
revenue on acquisition A 140 218
Stock-based compensation D 504 626
Restructuring costs B 195 166
Amortization of purchased core-and-
developed technology A 5,168 8,175
------- -------
Non-GAAP Gross profit $75,309 $66,549
------- -------
GAAP Gross margins 32.4% 30.9%
Amortization of step-down in deferred
revenue on acquisition as a % of net
revenues A 0.1% 0.1%
Stock-based compensation as a % of net
revenues D 0.2% 0.3%
Restructuring costs as a % of net revenues B 0.1% 0.1%
Amortization of purchased core-and-
developed technology as a % of net
revenues A 2.4% 4.4%
Non-GAAP Gross margins 35.2% 35.8%
GAAP Research and development $17,872 $22,462
Stock-based compensation D (1,365) (1,496)
Restructuring costs B (591) (752)
Capitalized software write-off -
restructuring B - (2,700)
------- -------
Non-GAAP Research and development $15,916 $17,514
GAAP Sales and marketing $19,407 $24,643
Stock-based compensation D (1,858) (1,803)
Restructuring costs B (874) (399)
------- -------
Non-GAAP Sales and marketing $16,675 $22,441
GAAP General and administrative,
impairment of goodwill and amortization
of purchased intangible assets $214,856 $31,956
Stock-based compensation D (4,830) (1,545)
Other charges - restatement charges, SOX
remediation and legal settlement B/C (6,842) (6,063)
Restructuring costs B (960) (787)
Impairment of goodwill B (178,257) -
Amortization of purchased intangible
assets A (5,871) (5,890)
------- -------
Non-GAAP General and administrative $18,096 $17,671
VERIFONE HOLDINGS, INC. AND SUBSIDIARIES
RECONCILIATIONS OF CERTAIN NON-GAAP FINANCIAL MEASURES
(IN THOUSANDS, EXCEPT PER SHARE DATA AND PERCENTAGES)
(UNAUDITED)
Three Months Ended
January 31,
-----------------
2009 2008
------- ------
GAAP Operating expenses $252,135 $79,061
Stock-based compensation D (8,053) (4,844)
Other charges - restatement charges,
SOX remediation and legal settlement A (6,842) (6,063)
Restructuring costs B (2,425) (1,938)
Capitalized software write-off -
restructuring B - (2,700)
Impairment of goodwill B (178,257) -
Amortization of purchased intangible
assets A (5,871) (5,890)
------- ------
Non-GAAP Operating expenses $50,687 $57,626
------- ------
GAAP Operating income (loss) $(182,833) $(21,697)
Amortization of step-down in deferred
revenue on acquisition A 140 218
Stock-based compensation D 8,557 5,470
Other charges - restatement charges,
SOX remediation and legal settlement B/C 6,842 6,063
Restructuring costs B 2,620 2,104
Capitalized software write-off -
restructuring B - 2,700
Impairment of goodwill B 178,257 -
Amortization of purchased core-and-
developed technology A 5,168 8,175
Amortization of purchased intangible
assets A 5,871 5,890
------- ------
Non-GAAP Operating income $24,622 $8,923
------- ------
GAAP Interest expense $(5,361) $(6,440)
Acquisition related interest charges A 726 665
------- ------
Non-GAAP Interest expense $(4,635) $(5,775)
GAAP Interest income $647 $2,088
Non-GAAP Interest income $647 $2,088
GAAP Other income (expense), net $4,214 $(4,520)
Other Charges B (4,610) 4,040
------- ------
Non-GAAP Other income (expense), net $(396) $(480)
GAAP Provision (benefit) for income
taxes $(1,344) $2,929
Income tax effect of non-GAAP exclusions
and changes in valuation allowance B 7,011 (1,597)
------- ------
Non-GAAP Provision for income taxes $5,667 $1,332
Non-GAAP Income tax rate 28% 28%
------- ------
Non-GAAP Income before income taxes $20,238 $4,756
------- ------
VERIFONE HOLDINGS, INC. AND SUBSIDIARIES
RECONCILIATIONS OF CERTAIN NON-GAAP FINANCIAL MEASURES
(IN THOUSANDS, EXCEPT PER SHARE DATA AND PERCENTAGES)
(UNAUDITED)
Three Months Ended
January 31,
-----------------
2009 2008
-------- ------
GAAP Net income (loss) $(181,989) $(33,498)
Amortization of step-down in
deferred revenue on acquisition A 140 218
Stock-based compensation D 8,557 5,470
Other charges - restatement charges, SOX
remediation, legal settlement and
currency gain / (loss) B/C 2,958 10,768
Restructuring costs B 2,620 2,104
Capitalized software write-off -
restructuring B - 2,700
Amortization of purchased core-and-
developed technology A 5,168 8,175
Amortization of purchased intangible
assets A 5,871 5,890
Impairment of goodwill B 178,257 -
Income tax effect of non-GAAP
exclusions and changes in valuation
allowance B (7,011) 1,597
-------- ------
Total Non-GAAP Net income $14,571 $3,424
======== ======
Non-GAAP Net income per share:
Basic E $0.17 $0.04
Diluted E $0.17 $0.04
======== ======
Weighted average shares used in
computing Non-GAAP net income per
share:
Basic E 84,487 84,153
Diluted E 85,308 84,910
GAAP Net income (loss) as a % of net
revenues -85.0% -18.1%
Amortization of step-down in deferred
revenue on acquisition as a % of net
revenues A 0.1% 0.1%
Stock-based compensation as a % of net
revenues D 4.0% 2.9%
Other charges - restatement charges, SOX
remediation, legal settlement and
currency gain / (loss) as a % of net
revenues A 1.4% 5.8%
Restructuring costs as a % of net revenues B 1.2% 1.1%
Capitalized software write-off -
restructuring as a % of net
revenues B 0.0% 1.5%
Amortization of purchased core-and-
developed technology as a % of net
revenues A 2.4% 4.4%
Amortization of purchased
intangible assets as a % of net
revenues A 2.7% 3.2%
Impairment of goodwill as a % of net
revenues B 83.3% 0.0%
Income tax effect of non-GAAP exclusions
and changes in valuation allowance as a
% of net revenues B -3.3% 0.9%
Total Non-GAAP net income as a % of non-
GAAP net revenues 6.8% 1.8%
VeriFone Holdings, Inc.
CONTACT: Investor Contact, William Nettles - Vice President, Corporate Development & IR, +1-408-232-7979, ir@verifone.com, or Editorial Contact, Pete Bartolik, Media Relations, +1-508-283-4112, pete_bartolik@verifone.com, both of VeriFone Holdings, Inc.
Web Site: http://www.verifone.com/
NATS Selects Era for UK Height Monitoring Unit
FAIRFAX, Va., March 3 /PRNewswire-FirstCall/ -- Era Systems Corporation, a subsidiary of SRA International, Inc. , announced it has signed a contract to provide a comprehensive height monitoring unit (HMU) to the United Kingdom (UK) air traffic control provider NATS.
Era's HMU solution will allow for a much more comprehensive audit of aircraft in UK airspace than the equipment it replaces, with improved quality of signal processing. HMUs provide precise surveillance measurements in three dimensions and are used to ensure target levels of safety can be delivered in reduced vertical separation minimum (RVSM) airspace by comparing actual altitude to assigned and reported altitude. Era's system will provide continuous monitoring primarily of the NATS North Atlantic traffic and also will support approval for aircraft flying in RVSM airspace.
The system for NATS will use the latest generation of the Era surveillance technology already deployed in Eurocontrol's HMU based in Linz, Austria, which has a very long history of high performance and reliability.
"Having been involved in all of the previous HMU deployments in Europe, I am particularly pleased to be able to work with NATS on the next generation of HMU systems, based on Era's rugged, proven, high performance MSS multilateration platform," said Tim Quilter, Era's UK-based Director of Product Development. "As traffic densities increase, the global requirement for HMU systems is rising and the NATS/Era system will incorporate the experience of both organizations to develop the most advanced HMU system in the world."
"Era's proven MSS surveillance platform, coupled with the knowledge and experience of some of the key Era people, gave NATS a lot of confidence in this selection," said Khalid El Seed, NATS Project Manager. "RVSM compliance in the busy transatlantic routes is a critical safety issue and we look forward to working with Era on this next generation HMU system. The data will be used by the NATS Central Monitoring Agency under its ICAO terms of reference."
The contract for NATS includes the deployment of Era's MSS(SM) Multilateration and ADS-B surveillance system to provide high-precision, three dimensional position information to a sophisticated database and analysis system which can identify altitude deviations and report performance by aircraft, airline or by individual movement. From periodic analysis of individual aircraft compliance data, NATS will be able to monitor airframe performance in its RVSM airspace.
Acquired by SRA in July 2008, Era Systems Corporation provides advanced surveillance technologies for the air traffic management, airport operations, military and security markets. For more information about Era, visit http://www.sra.com/era. SRA does not announce sales amounts for individual Era contracts; Era contracts for their air traffic management business typically range in value of $1-2 million, and may be up to $5 million.
About SRA International, Inc.
SRA and its subsidiaries are dedicated to solving complex problems of global significance for government organizations serving the national security, civil government and global health markets. Founded in 1978, the company and its subsidiaries have expertise in such areas as air surveillance and air traffic management; contract research organization (CRO) services; cybersecurity; disaster response planning; enterprise resource planning; environmental strategies; IT systems, infrastructure and managed services; logistics; public health preparedness; strategic management consulting; systems engineering; and wireless integration.
FORTUNE(R) magazine has chosen SRA as one of the "100 Best Companies to Work For" for ten consecutive years. The company and its subsidiaries employ more than 6,900 employees serving clients from headquarters in Fairfax, Va., and offices around the world. For additional information on SRA, please visit http://www.sra.com/.
Any statements in this press release about future expectations, plans, and prospects for SRA, including statements about the estimated value of the contract and work to be performed, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements. In addition, the forward-looking statements included in this press release represent our views as of March 3, 2009. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to March 3, 2009.
SRA International, Inc.
CONTACT: Sheila S. Blackwell, Vice President, Communications & Public Affairs, +1-703-227-8345, sheila_blackwell@sra.com, or Susie Mouri, Manager, Sector Communications, +1-703-803-1945, susie_mouri@sra.com, both of SRA International, Inc.
Web Site: http://www.sra.com/
Presstek Announces Information Regarding Fourth Quarter 2008 Financial Results
GREENWICH, Conn., March 3 /PRNewswire-FirstCall/ -- Presstek Inc. , the leading manufacturer and marketer of digital offset printing business solutions, today announced it will release its fourth quarter 2008 financial results before the market opens on Wednesday, March 18, 2009. Presstek senior management will host a conference call on Wednesday, March 18, 2009 at 8:30 AM Eastern Daylight Time to discuss its fourth quarter 2008 results. The call will be open to all interested parties and may be accessed by using the following information:
CONFERENCE CALL ACCESS
Domestic Dial In: 800-706-7741
International Dial In: 617-614-3471
Passcode: 38877775
Investors can access the call in a "listen only" mode via the Internet at http://www.presstek.com/.
In addition, for those unable to participate at the time of the call, a rebroadcast will be available following the call from Wednesday, March 18, 2009 at 10:30 AM Eastern Daylight Time until Wednesday April 1, 2009 Eastern Daylight Time at midnight. The rebroadcast may be accessed on the Internet at http://www.presstek.com/ or by telephone using the following information:
REBROADCAST ACCESS
Domestic Dial In: 888-286-8010
International Dial In: 617-801-6888
Passcode: 43865336
About Presstek
Presstek, Inc. is the leading manufacturer and marketer of high tech digital imaging solutions to the graphic arts and laser imaging markets. Presstek's patented DI(R), CTP and plate products provide a streamlined workflow in a chemistry-free environment, thereby reducing printing cycle time and lowering production costs. Presstek solutions are designed to make it easier for printers to cost effectively meet increasing customer demand for high-quality, shorter print runs and faster turnaround while providing improved profit margins. Presstek subsidiary, Lasertel, Inc., manufactures semiconductor laser diodes for Presstek's and external customers' applications. For more information visit http://www.presstek.com/, or call 603-595-7000 or email: info@presstek.com.
DI is a registered trademark of Presstek, Inc.
Contacts
Investor Relations Trade Relations
Kathleen Makrakis Betty LaBaugh
Director of Investor Relations Public Relations Manager
203-769-8099 603-594-8585, ext. 3441
kmakrakis@presstek.com blabaugh@presstek.com
Presstek, Inc.
CONTACT: Investor Relations, Kathleen Makrakis, Director of Investor Relations, +1-203-769-8099, kmakrakis@presstek.com, or Trade Relations, Betty LaBaugh, Public Relations Manager, +1-603-594-8585, ext. 3441, blabaugh@presstek.com, both of Presstek, Inc.
Web Site: http://www.presstek.com/
Majesco Entertainment Schedules Fiscal First Quarter 2009 Earnings Release and Conference Call
EDISON, N.J., March 3 /PRNewswire-FirstCall/ -- Majesco Entertainment Company , an innovative provider of video games for the mass market, will announce financial results for its fiscal first quarter 2009 ended January 31, 2009 on Wednesday, March 11, 2009 after U.S. market hours.
Senior management will host a conference call to discuss fiscal first quarter 2009 financial results on March 11, 2009 at 4:30 p.m. ET. To access the conference call, please dial in approximately 10 minutes prior to the start of the conference call.
U.S. Dial In: 1-877-317-6701
International Dial In: 1-412-317-6701
Access Code: 4881586
A live webcast of the conference call will be available on the "Investor Relations" section of the Company's corporate Web site at http://www.majescoentertainment.com/.
A replay of the conference call will be available via telephone for seven days beginning approximately two hours after the call through Wednesday, March 18, 2009. U.S. participants can access the replay by dialing 1-877-344-7529 and international participants can dial 1-412-317-0088. The access code for the replay is 4881586. A webcast of the conference call will be archived on the Company's Web site for 90 days.
About Majesco Entertainment Company
Majesco Entertainment Company is a provider of video games for the mass market. Building on 20 years of operating history, the company is focused on developing and publishing a wide range of casual and family oriented video games on leading console and portable systems. Product highlights include Cooking Mama(TM) and Cake Mania(R)2 for Nintendo DS(TM), and Cooking Mama World Kitchen and Jillian Michaels' Fitness Ultimatum 2009 for Wii(TM). The company's shares are traded on the Nasdaq Stock Market under the symbol: COOL. Majesco is headquartered in Edison, NJ and has an international office in Bristol, UK. More information about Majesco can be found online at http://www.majescoentertainment.com/.
Majesco Entertainment Company
CONTACT: John Gross, Chief Financial Officer, Majesco Entertainment Company, +1-732-225-8910, or Denise Roche or Christian Nery, Brainerd Communicators, Inc., +1-212-986-6667
Web Site: http://www.majescoentertainment.com/
Architectural Record Wins MPA Website of the Year AwardIndustry association recognizes website's use of content, design, functionality and usability
NEW YORK, March 3 /PRNewswire/ -- The Magazine Publishers of America (MPA) has awarded its 2008 MPA Digital Award for "Website of the Year: Enthusiast" to McGraw-Hill Construction's ArchitecturalRecord.com, the online companion to the print magazine, Architectural Record. The MPA Digital Awards recognize magazine brands that have shown excellence and innovation on a variety of digital platforms. Winners were announced today during the Magazines 24/7 Digital Conference at the Marriott Marquis in New York.
"We are pleased that ArchitecturalRecord.com has grown as the hub of a strong community, and we're honored to receive this recognition from MPA," said Robert Ivy, vice president and editorial director for McGraw-Hill Construction and editor in chief of Architectural Record. "With its rich content and innovative formats online, ArchitecturalRecord.com has built on the legacy of excellence from our print publication. We appreciate being recognized for our digital efforts, especially among so many outstanding peers in the overall magazine community beyond B-to-B."
"Architects and enthusiasts have truly embraced our social-media tools, and the tremendous amount of high-value content they contribute every day -- photos, comments, ratings and more -- plays a big role in our having such a rich and deep site," said Bryant Rousseau, editorial director of digital media, McGraw-Hill Construction. "It's a tremendous honor to be recognized as the Website of the Year."
ArchitecturalRecord.com has received many awards since its redesign in 2007, including two 2008 Neal Awards from American Business Media for Best Website and Best Online Article or Series; two 2008 Silver Ozzie Awards from FOLIO: for Best Cover and Best Use of Photography, and a 2007 Bronze Ozzie Award for Best Site Design. It was named to the BtoB Media Business 10 Great Media Web Sites List in 2007. McGraw-Hill Construction also received a 2008 Pluckie Award for Best Community Marketing for use of digital communities on all of its websites, including ArchitecturalRecord.com.
ArchitecturalRecord.com provides a mix of multimedia news and information and complements the monthly magazine Architectural Record, a staple in the industry for more than 110 years. In addition to the design and building science ideas, trend and key issue analysis, strategic recommendations, and computer-aided practice found in the print magazine, ArchitecturalRecord.com features exclusive interviews with giants of architecture, daily news updates, book reviews, archives, links to people and products, and access to continuing education opportunities.
About McGraw-Hill Construction
McGraw-Hill Construction connects people, projects and products across the design and construction industry. For more than a century, the Company has remained North America's leading provider of construction project information, plans and specifications, product information, industry news, and industry trends and forecasts. In print and online, the Company offers a variety of tools, applications, and resources that easily integrate with its customers' workflows. Backed by the power of Dodge, Sweets, Architectural Record, Engineering News-Record (ENR), GreenSource, HQ and 11 regional publications, McGraw-Hill Construction serves more than one million customers within the $4.6 trillion global construction community. To learn more, visit http://www.construction.com/.
About The McGraw-Hill Companies:
Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2008 were $6.4 billion. Additional information is available at http://www.mcgraw-hill.com/.
McGraw-Hill Construction
CONTACT: Lisa Jaycox, Communications Specialist, The McGraw-Hill Companies Information & Media, +1-212-512-3272, lisa_jaycox@mcgraw-hill.com; or Kathy Malangone, Senior Director, Marketing Communications, McGraw-Hill Construction, +1-212-904-4376, kathy_malangone@mcgraw-hill.com
Web Site: http://www.construction.com/
Fortune Market Media, Inc. Makes Offer for Yellow Pages Israel Bond's Holders to Acquire Their Debtor in Possession Position
TARZANA, Calif., March 3 /PRNewswire-FirstCall/ -- Fortune Market Media, Inc. (Pink Sheets: FTMK) announced today that it has made an unsolicited binding offer to purchase all outstanding Bonds of GPM - owner of Yellow Pages Israel, and majority shareholder of Dunn & Bradstreet Israel and other web-based service companies from All Bond's Holders for $75 million and the assumption of all their rights per the bonds to the Company - held by these private bondholders.
As a reminder, the prior offer by the Company to GPM's shareholders was contingent until February 28, 2009. As being rejected by BCM, and/or expired, the Company is making its offer directly to the Bond's Holders. The current offer to the Bond's Holders includes a cash payment of $2 million (at closing), plus issuing $75 million face value Redeemable Convertible 3% Preferred FTMK shares. Conversion to the Company's common shares can be done with 10% discount to the Company's share average price during 25 days prior to such conversion.
As restructuring of GPM is part of the offer via the equivalent of chapter 11, under the Israeli law, the offer is structured in a way that Bond Holders will be paid off at a minimum of $37.5 million in cash, on top of an equity position with the Company. Said payment is structured via redemption of the Preferred stock by the Company, paying $37.5 million in cash and mandatory conversion of the balance ($37.5 million) into common shares of the Company based on an average share price 10 days prior to said redemption.
The offer also addresses the future needs of GPM and as such includes issuing of 25 million shares of the Company to be vested under GPM, and may be designated for sale, per GPM future needs.
Fortune Market Media intends to replace all GPM management upon closing, if at all. If accepted, the offer calls for the deal to be closed by March 30, 2009 and allow acceptance until March 23, 2009.
Upon closing, if at all, GPM will become a wholly owned subsidiary of Fortune Market Media and will be consolidated accordingly.
This offer is unsolicited (even though binding the Companies until March 30, 2009). As such, there is no guarantee that Fortune Market Media will be able to successfully close the above transaction.
About: Fortune Market Media
Fortune Market Media (FMM) is a diversified media and communication corporation servicing public and private companies with our turn-key media solutions. FMM is the leader in creating original programming for interactive media online, mobile, traditional print, radio and TV. FMM powerhouse production team allows it to create original programming that will reach targeted audience. FMM helps build businesses organically by connecting their brands with their desired demographic.
About: Golden Pages Group
Golden Pages Group owns 100% of Yellow Pages Israel, controlling interests of Dunn & Bradstreet Israel and several other service based companies such as: http://www.weekend.co.il/, http://www.zap.co.il/, http://www.rest.co.il/, http://www.professor.co.il/, http://www.madas.co.il/. Yellow Pages provides comprehensive, dynamic information about products, services and businesses, supplies the tools to choose between them, and offers aids which assist in completing transactions between buyers and sellers in Israel. In the company's website -- http://www.yellowpages.co.il/, in cellular phones, and of course, in over 80 printed directories, which are distributed free of charge in approximately five million copies. Five million printed directories are annually distributed free of charge to buyers and sellers.
Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Fortune Market Media, Inc.
CONTACT: Arthur Kats, 1-800-313-7912, for Fortune Market Media, Inc.
China Voice Holding Corp. Develops Cellular Teleconferencing Application to Support China Unicom's 16 Million SCDMA Subscribers
BOCA RATON, Fla., March 3 /PRNewswire-FirstCall/ -- China Voice Holding Corporation (CHVC) , announced today that its Chinese Subsidiary, Candidsoft Technologies Company Ltd. of Beijing, Inc.(Candidsoft) has developed a teleconferencing application called Q-Chat utilizing its SKY O/A enhanced services platform for China Unicom's (CUC) SCDMA cellular network. This application allows multiple wireless callers to connect for a conference call.
CHVC's President and CEO, Bill Burbank said, "China Unicom has included our service to 400,000 SCDMA subscribers in GuangXi Autonomous Region. China Unicom pays 2 RMB per subscriber which equates to approximately $120,000 per month for CHVC's initial deployment. Candidsoft is currently upgrading this application to support twenty-seven additional CUC Provinces with approximately 16,200,000 more subscribers. In addition, CUC has requested that Candidsoft develop the same application for its GSM subscribers. As of April 2008, China Unicom had 125 million GSM subscribers, making it the world's third largest mobile provider. We view this new wireless opportunity with China Unicom as having a huge potential because of our successful initial deployment and CUC's large subscriber base."
Burbank added, "As we have previously announced, Candidsoft has five contracts with three large government agencies in China that call for the installation of 103,000 seats. The Company has installed approximately 1,000 seats and trained two groups of CUC personnel for installation and customer support. Today, a seat consists of a SKY O/A office automation license and configuration and IP Phone or ITA end devices to deliver VoIP telephone services. Over recent months, the deployment of VoIP telephone services by China Unicom has been slower than anticipated due to quality of service problems with China's Internet as well as the quality of IP network hardware utilized throughout the country. For this reason, we are working closely with China Unicom to utilize its wireless SCDMA system as an alternative to the VoIP telephone services for our contract deployments. While CUC continues to install our services, we have been told that it will be April before we know whether CUC's focus is to significantly increase its VoIP installations of Candidsoft's contracts or to replace VoIP telephone services with CUC's wireless network."
Candidsoft is an international software company based in the Zhong-Guan-Cun Science and Technology Park in Beijing, China. Candidsoft has used local expertise to research, develop, and establish information and communication platforms for business and government applications. Candidsoft uses "SKY O/A" as the product trademark and separates products into three general categories: O/A Cooperative Office Solutions, O/A Integrated Office Solutions, and O/A Unified Processing Solutions. The Company provides office automation and integration services to government, academic and commercial customers and has developed China's first patented Office Automation application, in large part guided by the needs of Chinese Government Agencies. This platform was designed for flexibility and may be easily modified or extended to meet the specific needs of each Chinese Government Agency or Large Enterprise Companies. SKY O/A(TM) uses a web-based technology and allows multiple workers to collaborate on a single project. Candidsoft has also embedded technologically advanced third party software into its platform through CHVC's office in Singapore and public holding company in the USA, helping Candidsoft deliver solutions that represent the best technology that China and the world can offer. The SKY O/A(TM) Office Automation platform currently supports over one million users within China.
China Voice Holding Corp. ("CHVC") is a U.S. publicly-traded holding company headquartered in South Florida with a portfolio of next-generation communications products and services doing business in the People's Republic of China. Through its subsidiaries, the Company provides Voice over Internet Protocol ("VoIP") telephone services, office automation, wireless broadband, unified messaging, video conferencing, mobility services and other advanced voice and data services in China, where the Company has obtained full legal status as a licensed telecommunications company. CHVC's focus is on providing its innovative and patented voice and data solutions to government agencies and large enterprises in China. China Voice Holding Corp. trades Over-the-Counter and is listed in the Pink Sheets under the symbol "CHVC". CHVC has become a fully reporting company and has filed its required financial reports with the SEC. The Company applied for a listing on the OTCBB and expects to move to this exchange in the near future. Additional information may be found at http://www.chvc.com/.
Forward-Looking Statements
The foregoing, including any discussion regarding the Company's future prospects, contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve numerous risks and uncertainties, including, but not limited to risks and uncertainties associated with economic conditions in the telecommunications industry, particularly in the principal industry sectors served by the Company; risks and uncertainties inherent in the operation of businesses outside the United States; changes in customer requirements and in the volume of sales to principal customers; the ability of the Company to assimilate acquired businesses and to achieve the anticipated benefits of such acquisitions; competition and technological change; and the ability of the Company to control operating costs and maintain satisfactory relationships with existing and potential vendors. The Company's actual results of operations may differ significantly from those contemplated by any forward-looking statements as a result of these and other factors, including factors that may be set forth in the Company's anticipated filings with the Securities and Exchange Commission.
China Voice Investor Contact:
The Eversull Group, Inc.
Jack Eversull
972-378-7917
972-378-7981 (fax)
jack@theeversullgroup.com
ir@chvcmail.com
China Voice Holding Corporation
CONTACT: Jack Eversull of The Eversull Group, Inc., +1-972-378-7917, fax, +1-972-378-7981, jack@theeversullgroup.com, ir@chvcmail.com, for China Voice Holding Corporation
Web Site: http://www.chvc.com/.
Linux Foundation to Build New Linux.com CommunitySourceForge and Linux Foundation partner to facilitate online community collaboration
SAN FRANCISCO and MOUNTAIN VIEW, Calif., March 3 /PRNewswire-FirstCall/ -- The Linux Foundation, a nonprofit organization dedicated to accelerating the growth of Linux, and SourceForge, a leader in community-driven media and e-commerce, today announced that the Linux Foundation will be the new host for Linux.com, taking over the editorial and community stewardship for the site. The two companies will collaborate to create a vibrant and long-lasting community destination for Linux users and developers.
Effective today, the Linux.com domain, which saw 21% growth in traffic in 2008, will be transferred to the Linux Foundation. SourceForge will support the Linux Foundation by continuing to sell the advertising for Linux.com.
The new Linux.com site will transform in the months ahead from solely being a news source to a collaborative site that will be "for the community, by the community." Much like Linux itself, Linux.com will rely on the community to create and drive the content and conversation. While the Linux Foundation will host the collaboration forum, the site will feature the real Linux experts - users and developers - and give them the tools needed to connect with each other and with Linux. Linux.com will also extend the Linux Foundation's existing content and community programs available on http://www.linuxfoundation.org/. Linux.com will provide crucial content, tools and community services to galvanize the power of this group. It will also showcase information for business users of Linux.
"We are thrilled to add Linux.com to our list of programs in service to the Linux community," said Jim Zemlin, executive director of the Linux Foundation. "SourceForge is demonstrating its commitment to the Linux and open source community with this arrangement. We look forward to showcasing the power of collaboration through Linux.com and our on-going alliance with SourceForge. We intend for Linux.com to be the central forum for Linux information, community and collaboration."
"For SourceForge, this is both an opportunity to continue serving the Linux community and to represent the Linux Foundation with our company's media expertise," said Jon Sobel, group president, media at SourceForge. "We appreciate that, on the modern web, doing both things well is a hallmark of good companies, and we look forward to jointly supporting a successful effort for the community."
Linux Foundation Solicits Community Input for Site
The Linux Foundation is currently working on a new beta version of the site that it will release in a few months. Starting today, it is launching an "IdeaForge" designed to gather opinions and ideas from the Linux user community on the future direction of the site. Users can give feedback today at Linux.com by logging into IdeaForge. Existing forums and content will be made available so as not to disturb existing users of the site.
About SourceForge
SourceForge's media and e-commerce web sites connect millions of influential technology professionals and enthusiasts each day. Combining user-developed content, online marketplaces and e-commerce, SourceForge is the global technology community's nexus for information exchange, goods for geeks, and open source software distribution and services. SourceForge's network of web sites serves 35 million unique visitors each month* and includes: SourceForge.net, Slashdot, ThinkGeek, and freshmeat.net. For more information or to view the media kit online, visit http://www.sourceforge.com/. (*Source: Google Analytics and Omniture, January 2009.)
SourceForge, SourceForge.net, Slashdot, freshmeat, and ThinkGeek are registered trademarks of SourceForge, Inc. in the United States and other countries. All other trademarks or product names are the property of their respective owners.
About the Linux Foundation
The Linux Foundation is a nonprofit consortium dedicated to fostering the growth of Linux. Founded in 2007, the Linux Foundation sponsors the work of Linux creator Linus Torvalds and is supported by leading Linux and open source companies and developers from around the world. The Linux Foundation promotes, protects and standardizes Linux by providing unified resources and services needed for open source to successfully compete with closed platforms. For more information, please visit http://www.linuxfoundation.org/.
Trademarks: The Linux Foundation and Linux Standard Base are trademarks of The Linux Foundation. Linux is a trademark of Linus Torvalds. Third party marks and brands are the property of their respective holders.
Media Contact:
Jennifer Cloer
for the Linux Foundation
1-503-746-7577
jennifer@pageonepr.com
Jesse Casman
for SourceForge, Inc.
1-415-321-2347
jesse@pageonepr.com
Linux Foundation; SourceForge
CONTACT: Jennifer Cloer, +1-503-746-7577, jennifer@pageonepr.com, for the Linux Foundation, or Jesse Casman, +1-415-321-2347, jesse@pageonepr.com, for SourceForge, Inc.
Web Site: http://www.linuxfoundation.org/ http://www.sourceforge.com/
Comcast to Roll Out Extreme 50 Mbps High-Speed Internet Service in Bay AreaComcast Will Introduce Two New, Faster Speed Tier Options and Will Double Speeds for Most Existing Customers For No Additional CostNew Speed Options to Begin in Silicon Valley, Tri-Valley and Monterey, and Roll Out in San Francisco, Oakland and Remainder of Bay Later This Yearhttp://comcastcalifornia.mediaroom.com/
LIVERMORE, Calif., March 3 /PRNewswire/ -- Comcast, the nation's leading provider of entertainment, information and communications products and services, today announced it is making the leap from broadband to wideband with the launch of next-generation DOCSIS 3.0 in the Bay Area. With wideband, Comcast will introduce a new echelon of Internet speed tiers, which will redefine the customer experience online and create a platform for Internet innovation in the years ahead.
With wideband, Comcast will offer the fastest speeds available today in the Bay Area, including the Extreme 50 tier with download speeds of up to 50 Mbps. Wideband will also enable Comcast to double speeds for the majority of existing high-speed Internet customers at no additional cost.
"Wideband utilizes our existing fiber-optic network in neighborhoods across our footprint. With this next generation of service, our customers' online experience is dramatically enhanced," said Steve White, Senior Vice President of Comcast's California Region. "And this is just the beginning. Wideband, combined with our fiber-optic network, gives us the capability of meeting the needs of our customers for many years to come by offering even faster speeds in the future."
Beginning today, Comcast's new services will be available to residential homes (and beginning March 10 to all businesses) in the San Jose-Silicon Valley area (Alviso, Campbell, Cupertino, Los Altos, Los Gatos, Milpitas, Monte Sereno, Mount Hamilton, Mountain View, Saratoga, San Jose, Santa Clara and Sunnyvale), portions of the East Bay (Alamo, Antioch, Bay Point, Bethel Island, Brentwood, Byron, Castro Valley, Clayton, Clyde, Concord, Danville, Diablo, Discovery Bay, Dublin, Knightsen, Lafayette, Livermore, Martinez, Moraga, Oakley, Orinda, Pacheco, Pittsburg, Pleasant Hills, Pleasanton, Rossmoor, San Ramon, Sunol and Walnut Creek) and the Monterey-Salinas area (Carmel, Carmel Valley, Del Rey Oaks, Marina, Monterey, Pacific Grove, Pebble Beach, Salinas, Sand City, Seaside and Spreckels). From the Monterey Peninsula to the Tri-Valley, customers will soon be surfing the web even faster. The faster speeds will be available in other portions of the Bay Area later in 2009.
As part of the wideband deployment, Comcast will launch two new premium speed tiers to its residential and business class customers. Both new services are ideal for households or businesses simultaneously using several computers or Internet-connected devices. They also will appeal to those who simply want some of the fastest speeds available today:
New Residential Tiers
-- Extreme 50, offering up to 50 Mbps of downstream speed and up to 10
Mbps of upstream speed at $139.95/month.*
-- Ultra, offering up to 22 Mbps of downstream speed and up to 5 Mbps of
upstream speed at $62.95/month.*
With Extreme 50, Comcast customers will be able to download a high-definition movie (6 GB) in about 16 minutes, a standard-definition movie (2 GB) in about five minutes and a standard-definition TV show (300 MB) in a matter of seconds. Customers with Extreme 50 also will be able to download digital photos, songs and games faster than ever.
In addition to the new speed tiers, Comcast will soon be increasing speeds for its existing customers.
-- Performance tier customers will benefit from doubled downstream and
upstream speeds, offering up to 12 Mbps and 2 Mbps, respectively.
-- Performance Plus customers will be upgraded to Comcast's Blast! tier,
which will double their download speeds to up to 16 Mbps and provide
up to 2 Mbps of upload speed.
Plus, with PowerBoost(R) technology, customers are able to enjoy even faster speeds to download and upload files such as videos, games, music and photos.
New Business Class Tiers
Business customers will benefit from wideband with increased efficiency and productivity. Customers can sign up for the Deluxe 50 Mbps / 10 Mbps tier for $189.95/month, which includes a full suite of features and support. As part of their service, Comcast Business Class customers receive Microsoft Communication Services, providing corporate-class e-mail, calendaring and document sharing, as well as additional benefits such as firewall protection, static IP addresses, multiple e-mail addresses and business class 24/7 customer support. Existing business class customers also will receive complimentary speed increases - speeds on the Starter tier will be doubled to up to 12 Mbps / 2 Mbps and a new Premium Tier also will be introduced, offering speeds up to 22 Mbps / 5 Mbps for only $99.95/month.
To find out when wideband will be available customers can visit http://www.comcast.com/fastestfast or call 1-888-COMCAST.
* Pricing for residential customers and requires subscription to Comcast Cable service.
About Comcast Corporation
Comcast Corporation (http://www.comcast.com/) is the nation's leading provider of entertainment, information and communication products and services. With 24.2 million cable customers, 14.9 million high-speed Internet customers, and 6.5 million Comcast Digital Voice customers, Comcast is principally involved in the development, management and operation of cable systems and in the delivery of programming content.
Comcast's content networks and investments include E! Entertainment Television, Style Network, Golf Channel, VERSUS, G4, PBS KIDS Sprout, TV One, ten sports networks operated by Comcast Sports Group and Comcast Interactive Media, which develops and operates Comcast's Internet businesses, including Comcast.net (http://www.comcast.net/). Comcast also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia.
Comcast's California Region, based in Livermore, California, serves more than 2.4 million customers in Northern and Central California. Comcast employs more than 7,500 local residents across the region.
Comcast
CONTACT: Andrew C. Johnson, +1-925-424-0273, Andrew_C_Johnson@cable.comcast.com, or Bryan Byrd, +1-916-515-2821, Bryan_Byrd@cable.comcast.com, both of Comcast
Web Site: http://www.comcast.com/
Valeo Equips the new BMW 7 Series With its Multi-Camera System
PARIS, March 3 /PRNewswire/ -- Valeo's multi-camera system equips the new BMW 7 Series,
offering perfect visibility of the vehicle's surroundings. Comprising three
cameras, the system allows drivers to carry out complex maneuvers easily,
comfortably and in complete safety.
During parking, the rear camera, integrated into the tailgate
handle, provides wide-angle images of the area behind the vehicle. Precise
distances are displayed as lines on the image, and become dynamic to
illustrate the trajectory at the moment when the driver begins the maneuver.
The use of ultrasonic sensors allows the system to detect any obstacle and
display it on the screen immediately. Diagonal parking is made far simpler,
allowing the driver to park in the narrowest of spaces.
During riskier maneuvers, when the driver has limited
visibility, the cameras display the area to the front of the vehicle even if
visibility is obstructed. The system monitors cars, bicycles and pedestrians
passing in front of the vehicle, displaying the wide-angle image on a screen
for the driver.
Currently using three cameras, an upgraded version will use
five, which will together offer a panoramic view of the vehicle's
environment. Valeo is also working on the continuous improvement of image
quality, which ranks among the highest on today's market. Eventually, Valeo
will offer a complete system combining the current Park4U(TM), based on
ultrasonic sensors, and current multi-camera vision systems.
In 2007, Valeo acquired Connaught Electronics Ltd (CEL), an
Irish manufacturer of automotive electronics, and the multi-camera system is
the result of the successful integration of this new Division into Valeo's
Driving Assistance Domain.
Valeo is an independent industrial group fully focused on the
design, production and sale of components, integrated systems and modules for
cars and trucks. Valeo ranks among the world's top automotive suppliers. The
Group has 121 production sites, 61 R&D centers, 10 distribution platforms,
and employs 51,200 people in 27 countries worldwide.
For further information, please contact:
Claire Vidal-Pilo, Product Media relations, Tel: +33-1-40-55-21-26
Antoine Balas, Corporate Media Relations, Tel: +33-1-40-55-29-36
Valeo Management Services
For further information, please contact: Claire Vidal-Pilo, Product Media relations, Tel: +33-1-40-55-21-26, Antoine Balas, Corporate Media Relations, Tel: +33-1-40-55-29-36
Qualcomm's Board of Directors Elects Dr. Paul E. Jacobs as Chairman-- Dr. Irwin M. Jacobs Steps Down as Company Chairman; Will Continue to Serve on Board of Directors --
SAN DIEGO, March 3 /PRNewswire-FirstCall/ -- Qualcomm Incorporated , a leading developer and innovator of advanced wireless technologies, products and services, today announced that Dr. Paul E. Jacobs has been elected chairman of Qualcomm's board of directors. Dr. Irwin Mark Jacobs, co-founder and CEO from the founding of Qualcomm in 1985 through 2005, has decided to step down from his position as chairman but to continue to serve as a member of the board of directors. The transition is effective immediately.
The transition builds on Dr. Paul E. Jacobs' extensive track record of achievements and strategic guidance that have helped grow Qualcomm into one of the leading wireless communications companies in the world. During his tenure at Qualcomm, Dr. Paul E. Jacobs has held numerous engineering and leadership positions, culminating in his appointment to CEO in 2005. He has been the primary driver of Qualcomm's focus on enabling wireless data services, which make the cellular phone not only a tool for voice communications, but also the most personal device for entertainment, computing and information access. Qualcomm's continuous focus on innovation is leading this transformation and helping develop new markets, new segments and new business models.
"I am honored to have been entrusted with this new opportunity to serve as chairman of Qualcomm's board of directors," said Dr. Paul E. Jacobs. "I would like to thank Irwin for his invaluable service to this Company. Under his leadership, Qualcomm achieved strong growth in shareholder value and is positioned for continued leadership in a rapidly expanding industry. I look forward to working with Irwin in his new role, where he will continue to help guide the Company's future strategies and direction."
Qualcomm Incorporated is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 100 Index, the S&P 500 Index and is a 2008 FORTUNE 500(R) company. For more information, please visit http://www.qualcomm.com/.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 28, 2008, and most recent Form 10-Q.
Qualcomm is a registered trademark of Qualcomm Incorporated. All other trademarks are the property of their respective owners.
Qualcomm Contacts:
Emily Kilpatrick, Corporate Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com
John Gilbert, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
Qualcomm Incorporated
CONTACT: Emily Kilpatrick, Corporate Communications, +1-858-845-5959, corpcomm@qualcomm.com, or John Gilbert, Investor Relations, +1-858-658-4813, ir@qualcomm.com, both of Qualcomm
Web Site: http://www.qualcomm.com/
Federal Signal Files Form 10-K
OAK BROOK, Ill., March 3 /PRNewswire-FirstCall/ -- Federal Signal Corporation , a leader in advancing security and well-being, announced today that the Company filed its Form 10-K with the Securities and Exchange Commission on February 27, 2009. Copies of the Form 10-K are available on the Company's website, http://www.federalsignal.com/. Shareholders may request a hard copy of the Form 10-K free of charge by contacting the Company at: Shareholder Services, Federal Signal Corporation, 1415 W. 22nd Street, Suite 1100, Oak Brook, IL 60523 or +1-630-954-2000.
About Federal Signal
Federal Signal Corporation enhances the safety, security and well-being of communities and workplaces around the world. Founded in 1901, Federal Signal is a leading global designer and manufacturer of products and total solutions that serve municipal, governmental, industrial and institutional customers. Headquartered in Oak Brook, Ill., with manufacturing facilities worldwide, the Company operates three groups: Safety and Security Systems, Environmental Solutions and Fire Rescue. For more information on Federal Signal, visit: http://www.federalsignal.com/.
Federal Signal Corporation
CONTACT: William Barker of Federal Signal Corporation, +1-630-954-2000, wbarker@federalsignal.com
Web Site: http://www.federalsignal.com/
'Community Auditions' Stars on Verizon's FiOS TVBeloved New England Talent show Premieres on New Video-on-Demand Channel
BOSTON, March 3 /PRNewswire/ -- "Star of the day, who will it be?"
FiOS TV subscribers who grew up in New England may remember that catchy phrase as the theme song of "Community Auditions," the longest-running entertainment television show in history. Now it's back, better than ever.
The Boston-based talent show, which was one of New England's most popular TV shows and a forerunner of today's popular national TV talent shows, is the first featured entertainment programming on Verizon's new FiOS1 Local Zone video-on-demand channel. Eight "Community Auditions" programs -- six from the two most recent seasons and two classic shows -- are now available to view.
FiOS1 Local Zone will feature New England-based TV programming -- including news, sports and entertainment -- for FiOS TV subscribers in Massachusetts and Rhode Island. (Subscribers can find FiOS1 Local Zone by clicking the On Demand button on their remote, then scrolling to FiOS1 Local Zone or by typing in "Local Zone" on the search bar.)
Each Sunday morning for 37 continuous years ending in 1987, "Community Auditions" provided viewers with song, dance, magic tricks, comedy routines and laughs, both intentional and otherwise. Although "Gunsmoke" may have been the longest-running network TV show, "Community Auditions" topped that record by 17 years. In spring 2007, after a 20-year hiatus, the show returned as "Community Auditions: Star of the Day."
"We are thrilled to be able to offer 'Community Auditions: Star of the Day' to our customers," said Ellen Corcoran, Verizon senior vice president of marketing, Northeast region. "Folks who grew up in New England loved the show and now are going to be able to fall in love all over again."
Chuck Armstrong, president of Armstrong Interactive Inc., producer of "Community Auditions," said: "It's a thrill to have 'Community Auditions' as the inaugural programming for FiOS1 Local Zone. 'Community Auditions' continues to be the quintessential local talent show for New England, and it's great entertainment for the entire family. It's a perfect fit for the new FiOS TV channel."
FiOS1 Local Zone carries the recent finals and championship from the new edition of "Community Auditions," as well as shows from years past. Those vintage shows include performances from contestants who have gone on to become celebrities, including comedian Sarah Silverman, who hails from New Hampshire; and actor Scott Grimes of the TV show "ER," who grew up in Dracut, Mass.
Viewers of FiOS1 Local Zone can watch performances by the recent grand champion winner -- Danny McClain of Cambridge, a graduate of the Berklee College of Music -- and the other three finalists: Anna Lawrence of Arlington, a student at the Manhattan School of Music; Jason Paulino of Hudson; and Carissa Scudieri of Wakefield, also a student at Berklee.
Videos and photos of the finalists can be found on YouTube as follows:
Danny McClain:
Dave Maynard Grand Champion winner
http://www.youtube.com/watch?v=7P6vSKIpBDc
Anna Lawrence:
http://www.youtube.com/watch?v=4KB4qXiRBgU
Jason Paulino:
http://www.youtube.com/watch?v=NojkjPA_UrQ
Carissa Scudieri:
http://www.youtube.com/watch?v=yQ8oOETDF_M
All four singers will repeat their championship performances on April 25 at the Square One Mall in Saugus, and on May 2 at the South Shore Plaza in Braintree.
FiOS TV is delivered on Verizon's 100 percent fiber network, the only network that brings fiber all the way to a customer's home. Verizon's FiOS TV offers a better TV signal, more channels, more high-definition programming, including 105 HD channels and more than 1,400 video-on-demand titles each month. It is available in more than 90 communities in Massachusetts and 12 communities in Rhode Island.
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 more than 80 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 nearly 224,000 and last year generated consolidated operating revenues of more than $97 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: Media, Phil Santoro, +1-617-743-4760, philip.g.santoro@verizon.com, or Lillian McGee, +1-401-525-2134, lillian.m.mcgee@verizon.com, both of Verizon
Web Site: http://www.verizon.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Mobie Awards: First Major Awards for Mobile AppsGala Award Ceremony March 18 at the ThinkMobile Conference and Expo in New York City
NEW YORK, March 3 /PRNewswire/ -- Awards in over thirty categories of mobile applications will be awarded at the First Annual Mobie Awards in a gala red carpet celebrity hosted ceremony in an art deco Grand Ballroom in the New Yorker Hotel, New York City, March 18. The Awards are in association with ThinkMobile, March 18-19th, a major mobile conference and expo, produced by Mediabistro.com (a division of Jupitermedia Corporation, Nasdaq: JUPM).
(Photo: http://www.newscom.com/cgi-bin/prnh/20090303/NY77930-a )
(Photo: http://www.newscom.com/cgi-bin/prnh/20090303/NY77930-b )
(Logo: http://www.newscom.com/cgi-bin/prnh/20090303/NY77930LOGO-c )
With the introduction of the Apple AppStore last year mobile applications has emerged as a wildly popular phenomena, with Apple reporting over half a billion downloads of apps to its iPhone in the first six months and the Mobie Awards is the first major Award established solely to honor excellence in mobile applications.
"We have receive thousands of nominations online for the best mobile applications and our judges of mobile industry professionals are reviewing all of them to find the best ones in over thirty categories," said Jonathan Sarno, founder of the six city iPhone Boot camps and executive producer of the Mobie Awards. "The Mobies recognize those who excel at taking advantage of all the added features mobile applications offer, such as location based services and game development using the accelerometer and the touch screen and we are only at the start of what is possible when faster and more robust graphic cards and more integrated HD video with motion sensors show up in the devices in the near future. It will be really exciting to see what apps developers come up in the next few years."
This year almost all the nominations were for iPhone apps but the awards are open to all mobile applications and with Google's Android, Microsoft, Palm, BlackBerry, HTC, and Nokia with Symbian and other device platforms opening app stores later this year competition among platforms for the best mobile applications should get really heated in the next eighteen months to two years."
To help promote achievement the Mobies provides its winners with the notable Mobie award plaque and an icon for the winners' websites or publications. Mobie Award winners, finalists and semi-finalists have an opportunity to promote the recognized entry and the firm or professionals that created it, with the recognition, prestige and public relations opportunity associated with being selected by the panel of judges of industry professionals. In additional Mobie winners will receive over $50,000 in total worth of training workshops in advanced iPhone development from the producing sponsor the iPhone Boot Camp. For a full list of semi-finalists, visit http://www.mobieawards.com/.
About the iPhone Boot Camp
The iPhone Boot Camp offers three day intensive workshops in iPhone Development taught by leading iPhone Developers in six American cities. It is a privately-held company in New York City founded by Jonathan Sarno with the mission of facilitating the creation, consulting and training of developers in mobile applications, currently now only for iPhone but in the future on other mobile devices. The ultimate goal is to create a pool of talent to draw upon to create a company/community to develop apps together and fill the growing demand. The workshops as part of a greater conservatory to nurture mobile development talent in both design and
engineering.
About ThinkMobile
Nancy Hill, President-CEO of AAAA and Marko Ahtisaari, CEO and Co-Founder, Dopplr have joined the ThinkMobile keynote speaker lineup. ThinkMobile, a expo and conference on Mobile Content & Marketing Strategies will take place March 18-19, 2009 in New York City at the New Yorker Hotel. Matthew Snyder, CEO and Founder of ADObjects, Inc. serves as Conference Chairman.
About mediabistro.com
mediabistro.com started over ten years ago with a series of salon-style events for the New York media community. Today, mediabistro.com parties have spread to 22 cities, and the mediabistro.com Web site is the hottest place for media/publishing/content people to find jobs, share resources, and connect with each other. One million unique editors, writers, television producers, graphic designers and other "content" people visit http://www.mediabistro.com/ each month and generate more than 6 million page views to keep up with the industry and find features that include daily media news, classes and seminars, and recruiting services.
About Jupitermedia Corporation:
Jupitermedia Corporation , headquartered in Darien, CT, is a leading global provider of images, news and original information, career Web sites and events for information technology, business, media and creative professionals. All current Jupitermedia press releases can be found online at http://www.jupitermedia.com/corporate/press.html.
Photo: http://www.newscom.com/cgi-bin/prnh/20090303/NY77930-a http://www.newscom.com/cgi-bin/prnh/20090303/NY77930-b http://www.newscom.com/cgi-bin/prnh/20090303/NY77930LOGO-c AP Archive: http://photoarchive.ap.org/ AP PhotoExpress Network: PRN7,8,9 PRN Photo Desk, photodesk@prnewswire.com
Mobie Awards
CONTACT: Jonathan Sarno, Executive Producer, 2009 Mobie Awards, mobieawards.com, info@mobieawards.com, +1-212-767-9722
Web Site: http://www.mobieawards.com/
Standard & Poor's Compustat(R) Increases Industry-Specific Data Sets Available in DatabasesCompustat provides data sets unique to a particular industry making it easier for analysts to compare data based on key industry indicators
NEW YORK, March 3 /PRNewswire/ -- Standard & Poor's Compustat(R), the leading provider in financial market intelligence, now offers 11 industry-specific data sets within its North America database offering, including data specific to the high-demand industries Gaming, Lodging, and Semiconductor Equipment. Industry-specific data provides key data points that enable analysts to quantify information and analyze statistics in order to assess the health and profitability of a company, as well as identify trends specific to that industry.
Compustat's deep-level industry-related data enables analysts to bridge the gap between company and industry because he/she can look at the company data relative to the industry. Compustat has researched each industry to determine those items that are widely meaningful within each industry. Many items found are beyond the balance sheet, cash flow statement and P/E ratio. Compustat's financial analysts collect the data from the financial statement notes and exhibits, and then standardize the data. This makes it not only relevant to the industry, but also makes it immediately comparable to other companies and industries.
According to Mitch Abeyta, managing director for Standard & Poor's Compustat, "Institutional investors are searching for new ways to beat their benchmarks. Compustat gives them advanced analysis capabilities across an industry by providing data pertaining to the unique dynamics affecting that industry. By collecting hard-to-find data and standardizing it, analysts have additional tools to streamline their evaluation of new investment opportunities."
Compustat is committed to providing tools with advanced analysis capabilities and to providing the resources that clients need to maximize their usage of Compustat products. These tools include white papers and training courses, which present why the data items are important to their industry, their significance to investors and how the data might be used for better modeling or screening of companies. For more information about Compustat's industry-specific data, please visit http://www.compustatresources.com/ or call 800.357.0769.
About Compustat Data
Standard & Poor's Compustat(R) data is used by institutional money managers and analysts around the world. With fundamental and market data on 89,000 global securities, Compustat provides vital company, index and industry information that supports financial models and proprietary company and industry analysis.
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies , is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com/.
Standard & Poor's
CONTACT: Monique Helfer, Public Relations, Standard & Poor's Compustat, +1-303-721-4760, monique_helfer@standardandpoors.com
Web Site: http://www.standardandpoors.com/
Microsoft and Lenovo Make Dean's List With Ultimate Academic PCsIn tough economic times, college and university students, faculty, and staff are offered premium Microsoft software pre-loaded on high-performance Lenovo ThinkPad laptops at an affordable price.
REDMOND, Wash. and RESEARCH TRIANGLE PARK, N.C., March 3
/PRNewswire-FirstCall/ -- Today, Microsoft Corp. and Lenovo announced the availability of the Ultimate Academic Personal Computer promotion with high-powered, highly functional, affordable laptop PCs designed specifically for college and university students, faculty, and staff. As part of the program, initially offered as a pilot by Microsoft, Lenovo will offer four different ThinkPad laptops pre-loaded with Windows Vista Ultimate and Microsoft Office Ultimate 2007.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)
The Ultimate Academic PC promotion offers four exclusive configurations:
-- ThinkPad T400. The 14-inch widescreen laptop gives users powerful
processing functionality, a host of wireless connectivity options and
multimedia features essential for college students. Lenovo also builds
in a roll cage to give the laptop extra durability to meet the rigors
of academic life.
-- ThinkPad R500. This laptop packs in the same functionality as the
ThinkPad T400 but gives users extra screen real estate with a 15-inch
display.
-- ThinkPad X200 Tablet. The Tablet offers note-takers the best of both
worlds with a Tablet PC and a laptop all in one. The 12-inch screen
swivels both directions for easy maneuvering in class, and has low
reflectivity and wide viewing angles; the Tablet also features a
full-size keyboard, and more than 10 hours of battery life for all-day
computing.(1)
-- ThinkPad X301. Lenovo's thinnest and lightest full-function PC, the
ThinkPad X301 comes with several leading technologies such as solid
state drive storage for greater reliability, an LED display for a
crisp viewing experience and two roll cages to make the laptop
extremely light yet sturdy.
Currently available in the U.S., the Ultimate Academic PCs give students access to Microsoft software including Windows Vista Ultimate, which offers students extensive options for music, images, online entertainment, extended battery life, and the most advanced, layered security protection of any Windows release yet.
By coupling this with Microsoft Office Ultimate 2007, students have access to a comprehensive set of tools that can help them create high-quality documents with Microsoft Office Word 2007, Microsoft Office Excel 2007, Microsoft Office PowerPoint 2007 and Microsoft Office Publisher 2007; gather and consolidate lecture notes or research with Microsoft Office OneNote 2007; stay organized with Microsoft Office Outlook 2007; and easily collaborate with colleagues and professors across geographical boundaries using Microsoft Office Groove 2007.
"The Ultimate Academic PC is ideal for students because it gives them everything they need to be successful as soon as they take it out of the box," said Paul Lanning, president of the Foundation for California Community Colleges, a nonprofit organization that operates CollegeBuys, a purchasing program that saves California Community Colleges, students and faculty money on offerings such as the Ultimate Academic PC. "It is great that Microsoft and Lenovo are providing this PC which answers a previously unmet need on behalf of college students. This demonstrates the level to which both companies are committed to the education market."
The Ultimate Academic PC was initiated by James Ptaszynski, Ph.D., senior director of Worldwide Higher Education Strategy of the Worldwide Public Sector team at Microsoft while shopping for a computer for his college-bound son. He wanted to select a PC that -- out of the box -- provided access to the best Microsoft software pre-loaded on durable and stylish hardware at a relatively low price.
"By combining Windows Vista Ultimate and Microsoft Office Ultimate software with Lenovo's durable ThinkPad laptops, we created a PC that would help students achieve academic success in an increasingly competitive environment and continue to help them as they enter the business world," Ptaszynski said. "In addition, the Ultimate Academic PC will help students enjoy their down time with features like a built-in camera, advanced graphics for gaming enthusiasts, and access to additional free online services available from Microsoft such as Windows Live Messenger to help students keep up with their busy social lives."
"Advanced PCs are no longer a luxury, but a necessity in higher education," said Tom Looney, vice president and general manager for Lenovo North America. "Not only are PCs integrated into the fabric of academic life, but they are an essential part of life after college. Considering the technology, hardware 'horsepower' and upgradability, the Microsoft and Lenovo-developed Ultimate Academic PCs are the best choice for the unique needs of students and young professionals, our future leaders and innovators."
Students, faculty and staff with valid e-mail addresses at accredited colleges and universities qualify for the Ultimate Academic PC. Pricing for models begins at $999 (U.S.).(2) The success of the program will be monitored to determine future offerings. Additional information about the Ultimate Academic PC and eligibility information is available at http://www.lenovo.com/uapc.
About Lenovo
Lenovo (HKSE: 992) (ADR: LNVGY) is dedicated to building exceptionally engineered personal computers. Lenovo's business model is built on innovation, operational efficiency and customer satisfaction as well as a focus on investment in emerging markets. Formed by Lenovo Group's acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services worldwide. Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more information see http://www.lenovo.com/.
About Microsoft
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
(1) Maximum battery life achieved with eight-cell battery, solid state drive storage and LED backlit display configuration. Measured by MobileMark 2007.
(2) Prices do not include tax or shipping, are subject to change without notice, and are tied to specific terms and conditions. Reseller prices may vary. Price does not include all advertised features. All offers subject to availability. Lenovo reserves the right to alter product offerings and specifications at any time without notice.
Photo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO http://photoarchive.ap.org/ photodesk@prnewswire.com
Microsoft Corp.
CONTACT: Rapid Response Team of Waggener Edstrom Worldwide, +1-503-443-7070, rrt@waggeneredstrom.com, for Microsoft; or Kristy Fair of Lenovo Media Relations, +1-919-257-6329, cell, +1-919-623-4483, krisfair@lenovo.com
Web Site: http://www.microsoft.com/
Zebra Technologies Introduces New Soft Infant Wristbands for Improved Safety and ComfortNew Z-Band(R) Direct and Z-Band QuickClip wristbands enable fast and reliable patient identification at the point of care
VERNON HILLS, Ill., March 3 /PRNewswire-FirstCall/ -- Zebra Technologies , a global leader in delivering on-demand specialty printing solutions for the healthcare industry, has introduced a new line of soft, easy-to-wear Z-Band Direct and Z-Band QuickClip wristbands for infants to ensure comfort and improve safety.
(Photo: http://www.newscom.com/cgi-bin/prnh/20090303/CG78107)
Approximately one out of 15 hospitalized children will be the victim of a medication error, according to a 2008 study published in Pediatrics. Bar coding has been shown to substantially reduce dangerous and costly medical errors, including adverse drug events.
"Patient safety for infants - particularly medication safety - is a growing concern at hospitals nationwide," said Craig Swanson, Director of Marketing - Products & Services at Zebra Technologies. "By utilizing bar coded wristbands, healthcare providers can extend safeguards throughout the care process and reduce errors."
Made of a soft nylon material, the premium direct thermal wristbands by Zebra Technologies feature a new adjustable design to ensure an optimal fit for small infant wrists. The bands, which support both linear and two-dimensional bar codes, include a flat surface print area that supports higher first-time scan rates and minimizes any scanning issues that may result from the curvature of an infant's wrist. The wristbands are designed for use with Zebra's desktop printers, including the new HC100 direct thermal cartridge printer.
"Bar coded wristbands are the cornerstone of patient safety because they enable healthcare providers to verify a correct match between the patient and medical treatment provided. Many wristbands in use at hospitals today, however, are made of materials that can scratch or irritate an infant's delicate skin," added Swanson. "Developed for optimal comfort and ease of use, our new wristbands facilitate patient safety efforts in the NICU, labor and delivery, and pediatric departments - including bar code scanning for bedside medication administration and breast milk verification - without the risk of damaging an infant's sensitive skin."
The new infant bands are designed to stay on the patient's wrist for the duration of the hospital stay and are available with both adhesive tab and clip closures. Both wristbands will resist alcohol, water, foams, soaps and blood, and feature a patent-pending antimicrobial coating that protects the bands from MRSA Types II, III and IV, S. aureus, P. aeruginosa and E. coli, the leading causes of hospital infections in the United States.
Zebra's thermal bar code print solutions support a variety of patient-safety applications at hospitals worldwide, including patient identification, medication administration, specimen collection and blood transfusion verification. For more information about the new infant wristbands or other Zebra products, please call +1 800 423 0442 or visit http://www.zebra.com/infantbands.
About Zebra Technologies
Zebra Technologies Corporation improves customers' business performance through products and solutions that identify, track and manage assets, transactions and people. In more than 100 countries around the world, more than 90 percent of Fortune 500 companies use innovative and reliable Zebra printers, supplies, RFID products and software to increase productivity, improve quality, lower costs, and deliver better customer service. Information about Zebra and Zebra-brand products can be found at http://www.zebra.com/.
CONTACT: Tim Dreyer
+1 847 793 5677
tdreyer@zebra.com
Photo: http://www.newscom.com/cgi-bin/prnh/20090303/CG78107 PRN Photo Desk, photodesk@prnewswire.com
Zebra Technologies
CONTACT: Tim Dreyer of Zebra Technologies, +1-847-793-5677, tdreyer@zebra.com
Web Site: http://www.zebra.com/
Valeo Equips the new BMW 7 Series With its Multi-Camera System
PARIS, March 3 /PRNewswire-FirstCall/ -- Valeo's multi-camera system equips the new BMW 7 Series, offering perfect visibility of the vehicle's surroundings. Comprising three cameras, the system allows drivers to carry out complex maneuvers easily, comfortably and in complete safety.
During parking, the rear camera, integrated into the tailgate handle, provides wide-angle images of the area behind the vehicle. Precise distances are displayed as lines on the image, and become dynamic to illustrate the trajectory at the moment when the driver begins the maneuver. The use of ultrasonic sensors allows the system to detect any obstacle and display it on the screen immediately. Diagonal parking is made far simpler, allowing the driver to park in the narrowest of spaces.
During riskier maneuvers, when the driver has limited visibility, the cameras display the area to the front of the vehicle even if visibility is obstructed. The system monitors cars, bicycles and pedestrians passing in front of the vehicle, displaying the wide-angle image on a screen for the driver.
Currently using three cameras, an upgraded version will use five, which will together offer a panoramic view of the vehicle's environment. Valeo is also working on the continuous improvement of image quality, which ranks among the highest on today's market. Eventually, Valeo will offer a complete system combining the current Park4U(TM), based on ultrasonic sensors, and current multi-camera vision systems.
In 2007, Valeo acquired Connaught Electronics Ltd (CEL), an Irish manufacturer of automotive electronics, and the multi-camera system is the result of the successful integration of this new Division into Valeo's Driving Assistance Domain.
Valeo is an independent industrial group fully focused on the design, production and sale of components, integrated systems and modules for cars and trucks. Valeo ranks among the world's top automotive suppliers. The Group has 121 production sites, 61 R&D centers, 10 distribution platforms, and employs 51,200 people in 27 countries worldwide.
For further information, please contact:
Claire Vidal-Pilo, Product Media relations, Tel: +33-1-40-55-21-26
Antoine Balas, Corporate Media Relations, Tel: +33-1-40-55-29-36
Valeo Management Services
CONTACT: For further information, please contact: Claire Vidal-Pilo, Product Media relations, Tel: +33-1-40-55-21-26, Antoine Balas, Corporate Media Relations, Tel: +33-1-40-55-29-36
Valeo équipe la nouvelle BMW série 7 de son système multi-caméras
PARIS, March 3 /PRNewswire/ -- Valeo équipe la nouvelle BMW série 7 de son système
multi-caméras qui permet une parfaite visualisation de l'environnement autour
du véhicule. Grâce à ce système composé de trois caméras, manoeuvrer dans des
situations complexes devient simple, confortable et plus sûr.
Lors des phases de stationnement, la caméra arrière, intégrée
à la poignée du hayon, fournit des images grand angle de la zone à l'arrière
du véhicule. Les distances sont représentées avec précision par des lignes
sur l'image et elles deviennent dynamiques pour illustrer la trajectoire au
moment où le véhicule commence sa manoeuvre. Couplé avec des capteurs à
ultrasons, le système détecte tout objet et l'indique sur l'écran aussitôt.
Le stationnement en épi, par exemple, est ainsi grandement facilité et permet
au conducteur de se garer dans des espaces plus étroits.
Lors de manoeuvres délicates, les caméras permettent une
visualisation de l'environnement avant du véhicule même si la visibilité du
conducteur est entravée par des obstacles. Le système détecte aussi bien des
voitures, cyclistes ou piétons, qui passent à l'avant du véhicule et affiche
l'image sur l'écran offrant au conducteur une visibilité grand angle.
Actuellement disponible avec trois caméras, l'évolution de ce
système consistera en cinq caméras qui, combinées entre elles, permettront
l'affichage d'une vue panoramique. Valeo travaille également à l'amélioration
constante de la qualité de l'image, une des meilleures sur le marché à ce
jour. A terme, un système complet regroupant le système déjà existant <<
Park4U(TM) >>, basé sur des capteurs à ultrasons, et ses actuels systèmes de
visions multi-caméras sera proposé.
En 2007, Valeo avait acquis Connaught Electronics Ltd. (CEL),
fabricant irlandais d'équipements électroniques. Le lancement de ce système
multi-caméras est le résultat de l'intégration réussie de cette nouvelle
division au sein du Domaine Aide à la Conduite de Valeo.
Valeo est un Groupe industriel indépendant dédié à la
conception, la fabrication et la vente de composants, systèmes intégrés et
modules pour automobiles et poids lourds. Valeo se classe parmi les premiers
équipementiers mondiaux. Le Groupe possède 121 sites de production, 61
centres de Recherche et Développement, 10 plates-formes de distribution et
emploie 51 200 collaborateurs dans 27 pays.
Pour toute information complémentaire, veuillez contacter :
Claire Vidal Pilo, Relations Presse Produits, Tel. : +33-1-40-55-21-26
Antoine Balas, Relations Presse Corporate, Tel. : +33-1-40-55-29-36
Valeo Management Services
Pour toute information complémentaire, veuillez contacter : Claire Vidal Pilo, Relations Presse Produits, Tel. : +33-1-40-55-21-26, Antoine Balas, Relations Presse Corporate, Tel. : +33-1-40-55-29-36
Panasonic Expands Its LUMIX G Micro System With Two Lenses Compatible With The New DMC-GH1 Digital CameraNew Micro Four Thirds Lenses Offer Increased Range and Flexibility for Taking Professional-Quality Photos and High Definition Video
LAS VEGAS, March 3 /PRNewswire-FirstCall/ -- Panasonic today introduced two new lenses for its LUMIX G Micro System -- the innovative digital interchangeable lens camera system -- the LUMIX G VARIO HD 14-140mm/F4.0-5.8 ASPH./MEGA O.I.S. and the LUMIX G VARIO 7-14mm/F4.0 ASPH. Both lenses are compatible with the newly announced LUMIX DMC-GH1 digital camera, which can record High Definition (HD) AVCHD 1080/24p video, and its award-winning sister camera, the LUMIX DMC-G1 digital camera.
"Panasonic is excited and proud to expand our LUMIX G Micro System -- with the addition of these two new Micro Four Thirds lenses, as well as the LUMIX DMC-GH1, which can record superb High Definition video," said David Briganti, National Marketing Manager, Imaging, Panasonic Consumer Electronics Company. "We firmly believe that consumers of all skill levels can benefit from the advanced features we are able to pack into these new compact lenses and camera bodies."
The new LUMIX G VARIO HD 14-140mm/F4.0-5.8 ASPH./MEGA O.I.S., available as part of the kit with the DMC-GH1, or separately, incorporates an inner focus direct-drive linear motor for focusing. This allows fast and accurate contrast auto focus (AF) to operate smoothly and silently -- a necessity for video recording. Adopting the Micro Four Thirds System standard, the new LUMIX G VARIO HD 14-140mm/F4.0-5.8 ASPH./MEGA O.I.S. offers a long zoom of 14-140mm (35mm camera equivalent: 28-280mm), suitable for a wide range of shooting situations -- from scenery to portraits to telephoto shots -- all possible with a compact and lightweight lens.
The LUMIX G VARIO HD 14-140mm/F4.0-5.8 ASPH./MEGA O.I.S. uses four aspherical lenses and two ED lenses to achieves dramatic downsizing -- despite its powerful 10x optical zoom -- and still minimizes distortion and chromatic aberration. Panasonic's Mega O.I.S. (Optical Image Stabilization) is incorporated in the lens, making it easy to shoot clear shots even in telephoto shooting or in low-light situations -- as this feature minimizes blur caused by hand shake.
Panasonic's other new lens, the ultra-wide-angle zoom interchangeable lens LUMIX G VARIO 7-14mm/F4.0 ASPH features an astonishingly wide-angle zoom range of 7-14mm (35mm camera equivalent; 14-28mm). Its compact and lightweight size makes it easy for users to carry while they are on the go. Taking advantage of its 114-degree wide-angle view, users can fit more subjects in a frame -- even when the shooting distance is limited, for example, while shooting indoors. This expansive view gives users great flexibility and a rich perspective when shooting photos or video.
The high-performing, yet lightweight LUMIX G VARIO 7-14mm/F4.0 ASPH. achieves its compact size by incorporating two aspherical lenses and four ED lenses in a unit of 16 elements in 12 groups. The resolution of the images is high, even at its wide-end and features F4.0 brightness through its entire zoom range thanks to a large diameter glass-molded lens embedded within the body.
When both of these news lenses are mounted on the LUMIX DMC-GH1, users can take advantage of the advanced contrast AF system including Face Recognition, offering a variety of convenient and fun shooting. Seven aperture blades give the aperture a rounded shape that, when shooting at a larger aperture, produces an attractive smoothness in out-of-focus areas. Featuring highly-durable metal mounts, the new lenses use multicoated lens elements to reduce ghosting and flares, helping to deliver a positive user-experience -- whether shooting HD videos or taking beautiful digital photos. For more information, please visit http://www.panasonic.com/lumix.
About Panasonic Consumer Electronics Company
Based in Secaucus, N.J., Panasonic Consumer Electronics Company is a Division of Panasonic Corporation of North America, the principal North American subsidiary of Panasonic Corporation. and the hub of Panasonic's U.S. marketing, sales, service and R&D operations. In its commitment to provide consumers with extensive imaging resources, Panasonic LUMIX established the Digital Photo Academy, a series of nationwide workshops designed to instruct consumers how to optimize the features on their digital cameras and produce high-quality photos. Panasonic is honored to support OUR PLACE -- The World's Heritage, a project that will create the world's largest photographic collection of UNESCO World Heritage sites, with acclaimed photographers exclusively using LUMIX digital cameras to capture all images.
Panasonic
CONTACT: MeeJin Annan-Brady, +1-201-392-6124, annan-bradym@us.panasonic.com, or Chris De Maria, +1-201-348-7182, demariac@us.panasonic.com, both of Panasonic; or Blayne Murphy of Cohn & Wolfe, +1-212-798-9763, blayne.murphy@cohnwolfe.com
Web Site: http://www.panasonic.com/lumix
Panasonic Continues Its Digital Photography Revolution With the Addition of the LUMIX GH1 - Its New Micro Four Thirds Digital Camera With HD Recording CapabilityThe Panasonic LUMIX DMC-GH1, a Creative HD Hybrid, Offers Professional-Level Still Photos and HD Video Performance Yet is Easy Enough for Entry-Level DSLR Consumers
LAS VEGAS, March 3 /PRNewswire-FirstCall/ -- Panasonic today introduced the DMC-GH1, the newest member of the company's revolutionary LUMIX G Micro System -- a new digital interchangeable lens camera system that delivers professional-level features and performance in a compact and easy-to-use camera body.
Compatible with the Micro Four Thirds System standard, the new LUMIX GH1 features advanced video photography functions, such as the ability to record High Definition (HD) AVCHD 1080p/24p video.* In addition, the new LUMIX GH1 comes with a newly developed long-zoom interchangeable lens -- the LUMIX G VARIO HD 14-140mm/F4.0-5.8 ASPH./MEGA O.I.S. This lens was specifically designed to support HD movie recording and features a silent motor and continuous auto focusing (AF) capability; two features which distinguish the LUMIX GH1 from DSLRs that offer HD video recording capabilities.
"Photographers of all levels -- professionals, amateurs and beginners -- will be stunned by the range of creative possibilities that the LUMIX GH1 creates in the world of high-quality photography and HD video. Users will be equally amazed by the camera's easy-to-use design and small size," said David Briganti, National Marketing Manager, Imaging, Panasonic Consumer Electronics Company. "Beyond its creative potential, the LUMIX GH1, a sister product to the award-winning LUMIX G1, is also innovative and differentiates itself from the pack by recording High Definition video with continuous AF, an indispensable feature for practical video recording."
In late 2008, Panasonic redefined the traditional DSLR category with its launch of the Panasonic LUMIX G1 -- a digital, interchangeable lens camera system that takes the radical step of eliminating the large, internal mirror structure that is currently contained in all traditional DSLR cameras. This innovation allows for dramatically smaller camera body and lens sizes and permits many new, advanced consumer features such as LUMIX G1 "Live View Finder". With its 2008 launch, the LUMIX G1 achieved several honors, including:
-- World's first entry into the Micro Four Thirds Standard system camera
segment
-- World's first interchangeable lens camera to offer colored body
options to consumers
-- Winner, 2008 Camera of the Year (Popular Photography & Imaging
magazine)
The new LUMIX GH1 provides cutting-edge video recording features, including the ability to record high-resolution full HD (1920 x 1080) video at 24 fps or smooth HD video (1280 x 720) movie at 60 fps using an AVCHD format (MPEG-4/H.264). The AVCHD format provides the important benefit of doubling the HD quality recording time compared with Motion JPEG. The LUMIX GH1 hosts a dedicated video record button on the back of the camera which lets users instantly start recording videos, even while shooting still photos -- removing the fear of potentially missing a must-see video moment. The LUMIX GH1 also records video in high-quality stereo sound via Dolby Digital Stereo Creator, the global standard of audio recording. An optional stereo microphone (DMW-MS1) is also available to achieve a more intensive sound recording experience. Finally, a convenient Wind Cut function is provided to help to block out distracting video background noise.
Like the LUMIX G1, the LUMIX GH1 features the Live View Finder system which enables something that simply is not possible with conventional DSLR cameras -- the ability to preview the effects of camera settings (e.g., exposure, aperture, shutter speed) before taking the photo. This helps take the guesswork out of the camera setting process and helps users ensure that every photo they capture comes out exactly as they envisioned.
The brilliant 1,440,000-dot equivalent Live View Finder system can also display information settings that a user can see without removing their eyes from the subject. Furthermore, a built-in eye sensor automatically switches on the viewfinder when the user looks into it, then switches it off and turns on the swivel 3.0-inch large 460,000-dot high-resolution LCD when the user looks away from the viewfinder. The 60-frames-per-second Live View is made possible by the Live MOS sensor, which takes real-time signals directly from the image sensor and sends them continuously to the LCD. Both the Live View Finder and LCD provide a 100% field of view -- allowing the user to accurately frame and compose a shot from most any position.
The LUMIX GH1 kit lens -- the LUMIX G VARIO HD 14-140mm/F4.0-5.8 ASPH./MEGA O.I.S. -- provides a broad focal length range of 28-280mm (35mm camera equivalent) and supports continuous AF using the contrast AF system for both photo and movie capture. The low-noise lens design also seamlessly supports video recording by minimizing the mechanical sound generated by AF/AE actions.
At the core of the LUMIX GH1 lies a newly developed 12.1-megapixel high speed Live MOS sensor and Venus Engine HD, which features twin CPUs for outstanding processing capabilities. The Live MOS sensor is capable of high-speed readout over four channels to be compatible with full-HD movie recording. This sensor is also advantageous for photo recording with a high signal-to-noise ratio thanks to the new circuit structure that is unaffected by the noise generated in each of the circuits. This results in crisp photos -- even those taken at high ISO levels. The multi-aspect type sensor allows users to take photos in 4:3, 3:2 or 16:9 aspect ratios with the same angle of view. The Venus Engine HD is also energy efficient, supporting long periods of AVCHD video recording on a single battery charge.
In addition to the digital camera's HD video recording capability, the DMC-GH1 features the LUMIX Creative Movie mode which lets the user manually set the shutter speed and aperture, making their videos more creative and representative of their own personal video style preference. Changing the shutter speed gives the videos a special look, particularly suitable for shooting fast-moving subjects. Controlling the aperture is convenient when there are several subjects at varying distances, so the user can focus on the foreground and blur the background -- or vice versa.
While the LUMIX DMC-GH1 has cutting-edge still image and video capture features, the LUMIX GH1 is also incredibly easy-to-use, thanks to Panasonic's iA (Intelligent Auto) mode** -- a user-friendly setting made popular in the LUMIX line of digital point-and-shoot camera products. Panasonic's iA mode is a suite of technologies which engage automatically (no settings needed). The latest addition to the iA suite of features is Face Recognition, a feature that directs the camera to prioritize focus and exposure on a specific face that that the user had previously registered in the camera.*** This invaluable function makes it especially easy to take sharp and beautifully exposed images of things the user values most in their photos -- the user's friends and family.
Panasonic's iA mode offers other innovative features which help deliver consistently outstanding photos: O.I.S. (Optical Image Stabilization) to help reduce blurring from hand-shake; Intelligent ISO Control to help limit motion blur by adjusting the ISO sensitivity if the subject moves as the shot is taken; AF Tracking that lets the camera lock onto any subject and keep it in focus even if it moves; Intelligent Exposure which optimizes the exposure for each part of an image, preventing blocked shadows and blown highlights, and helps ensure that gradation and details are reproduced beautifully; and Intelligent Scene Selector which automatically detects the five most common shooting situations -- Portrait, Night Portrait, Scenery, Night Scenery and Close-up -- and switches to the appropriate Scene mode.
Best of all, the benefits of Panasonic's iA mode extend to motion image recording on the DMC-GH1. For example, the LUMIX GH1 motion iA includes O.I.S. and Face Detection, which automatically detects a face in the frame and adjusts focus, exposure, contrast, and skin complexion. Intelligent Exposure continually checks the ambient light level and adjusts the exposure setting as conditions change to prevent blown highlights and blocked shadows. Intelligent Scene Selector automatically switches between Normal, Portrait, Close-up, Scenery, and Low Light modes according to the environment.
The Contrast AF system adopted by the LUMIX GH1 is accurate, easy-to-use and fast. Users can choose from a wide range of AF modes, including multiple-area AF with up to 23 focus areas, 1-area AF with a selectable focus area, Face Detection, and AF Tracking. To help keep the images free of spots from dust and particles, the Supersonic Wave Filter dust reduction system helps prevent foreign contaminants from adhering to the image sensor.
After users capture their images using the LUMIX GH1, it's easy for them to enjoy their photos or HD videos immediately on a large-screen Panasonic VIERA(R) high-definition television. All that is required is to remove the SD Memory Card from the LUMIX GH1 and insert it into the VIERA Image Viewer (SDHC/SD Memory Card slot) located in the VIERA HDTV or in the Panasonic Blu-ray disc player. Alternatively, an optional mini HDMI(TM) cable is available to output the images from the LUMIX GH1 directly to the Panasonic HDTV via VIERA Link(TM). Then, using the VIERA HDTV's remote control, users can take advantage of the LUMIX GH1's advanced playback and slideshow features.
In addition to the new LUMIX G lenses, the DMC-GH1 and LUMIX G Micro System is compatible with any interchangeable lens that complies with the Four Thirds standard.**** This gives users access to the entire range of Four Thirds lenses. Additional Micro Four Thirds lenses will be announced in the future, giving users a large, diverse line of high-performance lenses to add to their photographic toolboxes. With the LUMIX G Micro System and the growing assortment of lenses becoming available, the creative possibilities are endless.
The LUMIX DMC-GH1 is a system camera with a wide variety of options to choose from to match a wide range of shooting situations and styles. Accessories compatible with the LUMIX G Micro System include: External Flash: DMW-FL220(GN22) / DMW-FL360(GN36) / DMW-FL500(GN50); PL Filter: DMW-LPL62; ND Filter: DMW-LND62 (New); MC Protector: DMW-LMCH62; Mount Adapter: DMW-MA1; Stereo Microphone: DMW-MS1 (New); Battery Pack: DMW-BLB13; DC Cable: DMW-DCC3; Soft Cases: DMW-CG1, DMW-CG2 (New); Soft Bag: DMW-BAG1; Shoulder Strap (Stylish) DMW-SSTG1-A/C/R/K(New); Shoulder Strap (Woven) DMW-SSTG2-W; Shoulder Strap (Leather) DMW-SSTG3-T; Remote Shutter: DMW-RSL1.
For more information about the DMC-GH1 and all of Panasonic's LUMIX G Micro System accessories, please visit http://www.panasonic.com/lumix.
*Full-HD (1920 * 1080) movies are output by the image sensor at 24p (NTSC)/25p (PAL), and recorded at 60i (NTSC)/50i (PAL). HD (1280 * 720) video is output and recorded by the image sensor at 60p (NTSC)/50p (PAL).
** Some functions in iA mode will not be available depending on the lens to attach.
***Turn Face Recognition item ON and register the person with full-face portrait on the shooting menu in advance. Recognition performance varies greatly depending on shooting conditions, i.e., according to factors such as angles, facial expression and lighting, so operation under all conditions cannot be guaranteed. Because the camera searches for faces that are similar to registered faces, there are cases where the faces are not correctly recognized when the registered image and the shooting image varies greatly. When facial characteristics are similar, particularly between parents and their children or brothers and sisters, the camera may not distinguish the faces.
****Some functions on DMC-GH1 are not available depending on the lens that is attached
About Panasonic Consumer Electronics Company
Based in Secaucus, N.J., Panasonic Consumer Electronics Company is a Division of Panasonic Corporation of North America, the principal North American subsidiary of Panasonic Corporation. and the hub of Panasonic's U.S. marketing, sales, service and R&D operations. In its commitment to provide consumers with extensive imaging resources, Panasonic LUMIX established the Digital Photo Academy, a series of nationwide workshops designed to instruct consumers how to optimize the features on their digital cameras and produce high-quality photos. Panasonic is honored to support OUR PLACE - The World's Heritage, a project that will create the world's largest photographic collection of UNESCO World Heritage sites, with acclaimed photographers exclusively using LUMIX digital cameras to capture all images.
Panasonic
CONTACT: MeeJin Annan-Brady, Panasonic, +1-201-392-6124, annan-bradym@us.panasonic.com; Blayne Murphy, Cohn & Wolfe, +1-212-798-9763, blayne.murphy@cohnwolfe.com; Chris De Maria, Panasonic, +1-201-348-7182, demariac@us.panasonic.com
Web Site: http://www.panasonic.com/lumix
California Nonprofits Received $8 Million in 2008 From the Verizon Foundation to Promote Literacy, Improve Health Care and Prevent Domestic ViolenceVerizon Wireless HopeLine Program Also Awarded $1.2 Million in Grants of Phones, Free Airtime and Cash to Domestic Violence Prevention Agencies Throughout the State
THOUSAND OAKS, Calif., March 3 /PRNewswire/ -- More than 320 nonprofit groups in California received $8 million from the Verizon Foundation in 2008, enabling recipient organizations to enhance literacy skills, improve health care through the use of technology, and help domestic violence survivors rebuild their lives.
Verizon works closely with a variety of nonprofit organizations to identify local needs and to nurture them through the philanthropic support of the Verizon Foundation. Among the grants awarded in 2008, Verizon targeted:
-- $1.9 million to domestic violence awareness and prevention programs.
-- $2.7 million to fund education and literacy achievement initiatives.
-- $576,000 to improve health care through technology.
"Verizon has a long-standing tradition of working to improve the communities where we operate by supporting organizations that strive to make a difference in the lives of individuals in the community," said Tim McCallion, president of Verizon's West region. "Through grants and the generous contributions of time and talent from our employees, we are having a positive impact on our communities."
In addition, thousands of domestic violence survivors in California benefited from Verizon Wireless' HopeLine(R) phone recycling program, which provided:
-- More than $312,000 in cash grants to support direct client services
such as crisis hotlines, legal services, and art-therapy supplies for
children.
-- Nearly $235,000 in cash grants to support community education
programs, staff and volunteer training, and other services.
-- More than 2,330 prepaid phones and 7 million minutes of free airtime.
"Giving more than $1.2 million in phones, free airtime and cash grants to domestic violence prevention agencies throughout California is just one way we work to help victims to become survivors," said Tami Erwin, Verizon Wireless West area president.
The Verizon Foundation, the philanthropic arm of Verizon Communications, supports the advancement of literacy and K-12 education through its free educational Web site, Thinkfinity.org, and fosters awareness and prevention of domestic violence. In 2008, the Verizon Foundation awarded more than $68 million in grants to nonprofit agencies in the U.S. and abroad. It also matched the charitable donations of Verizon employees and retirees, resulting in an additional $26 million in combined contributions to nonprofits. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered more than 3 million hours of community service since 2000. For more information on the foundation, visit http://www.verizonfoundation.org/.
For more information on Verizon Wireless' HopeLine program, visit http://www.verizonwireless.com/hopeline.
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 more than 80 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 nearly 224,000 and last year generated consolidated operating revenues of more than $97 billion. For more information, visit http://www.verizon.com/ca.
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: Jon Davies of Verizon, +1-805-372-6969, jon.davies@verizon.com
Web Site: http://www.verizon.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Baldor Electric Company Contributes $16.4 Million to Employee Profit Sharing and Savings Plan
FORT SMITH, Ark., March 3 /PRNewswire-FirstCall/ -- Baldor Electric Company markets, designs, and manufactures industrial electric motors, mechanical power transmission products, drives, and generators and is based in Fort Smith, Arkansas. Today Baldor announced the results of its 2008 employee profit sharing plan contribution.
This year marks the 52nd anniversary of the Baldor Employee Profit Sharing and Savings Plan. In 1957, Baldor Electric Company began sharing its profits as a way of sharing the company's financial success with its employees. This philosophy still applies today and is as equally important as it was back in 1957. The plan also reinforces the significant role Baldor employees play throughout the year in taking care of our customers and contributing to the company's success.
Today, Baldor contributes approximately 12% of the pre-tax earnings to the plan. As a result of record company sales and earnings, this year's profit sharing contribution is $16.4 million. Baldor's sales in 2008 were $1.95 billion and after tax profits were $99.4 million.
For 2008, there were 5,739 eligible employees in Baldor's profit sharing plan and the average contribution was approximately 3.1 weeks of pay. Baldor employees who have worked for the company for two years or more are included in the plan. In the past 5 years, the company has contributed $59.3 million to the profit sharing plan on behalf of its employees.
Participants in the Baldor Employee Profit Sharing and Savings Plan have approximately $224 million invested in the plan. In addition, employees retiring from Baldor in 2008 withdrew over $13 million from the plan. The plan is fully funded each year and Baldor employees have 10 investment choices for their money.
John McFarland, Chairman and CEO said, "Baldor feels sharing the profits with our employees is the right thing to do and we have been doing so for 52 years. Our profit sharing plan is an outstanding way for Baldor employees to accumulate money for retirement. It is also a reflection of their efforts to find ways to continually improve productivity, quality and customer service, which enables the company to increase profits and the profit sharing contribution."
Baldor Electric Company, headquartered in Fort Smith, Arkansas, was founded in 1920 and has approximately 7,800 employees across the United States, Canada, Asia Pacific, Latin America, and Europe. Baldor sells its products in more than 60 countries throughout the world.
BEZ-G
Baldor Electric Company
CONTACT: Tracy Long, Vice President Investor Relations of Baldor Electric Company, +1-479-648-5769
Web Site: http://www.baldor.com/
Voiceserve Exhibits at Cebit Hanover 2009 - The No. 1 Marketplace for Digital Solutions, Trends and Innovations
LONDON, March 3 /PRNewswire-FirstCall/ -- Voiceserve, Inc. , a UK based company targeting VoIP soft switch users and the global telecom market, is exhibiting its latest VOIPSWITCH products at CeBIT 2009 in Hannover, Germany, where 4,300 exhibiting firms from 69 countries are presenting their products to the IT related industries.
Of the latest products to be displayed are the "Vippie Mobile" version for Windows Mobile that works on Windows Mobile based phones. It is an extension of the Vippie soft phone family and is intended for mobile users. The new software is running on phones powered by Microsoft's Windows Mobile operating system. The full version of the mobile phone offers extended functionality that includes a voicemail list with direct access to the selected voice message, speed Dial stored on the server, sending SMS over IP (thru Voipswitch) amongst others. The full version is customized and points only the IP or URI of the provider so that users do not have to configure it manually. Registered users are limited to use the predefined SIP server only. The mobile Vippie Soft phone can be branded with provider's name and logo displayed on its interface.
Voiceserve CEO Michael Bibelman commented "We are confident, having swung from showing quarterly losses to quarterly profits last quarter, that our new exciting mobile modules will help us maintain the positive momentum."
About Voiceserve, Inc.
Voiceserve is a London-based software platform provider focusing primarily on delivering affordable next generation services to Internet Telephony Providers (ITSPs) located in Europe, Africa and the Middle East. Products include VoipSwitch, a custom modular all-in-one Voice over Internet Protocol (VoIP) management platform licensing solution for resellers, VoIP airtime minutes bundled with optional convenient features, including virtual numbers, direct dial, web callback, and call forwarding and roaming free SIM technology. More information about Voipswitch can be found on http://www.voipswitch.com/
A complete profile about the Voiceserve Group is located at http://www.voiceservegroup.com/
This release contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the company's periodic filings with the Securities and Exchange Commission.
Voiceserve, Inc.
CONTACT: Contact: Alexander Ellinson, alex@voiceserve.net, +44(0)208-136-6000
Supermicro Unveils Over 50 Application-optimized Upcoming Xeon Platforms and 2U Twin2 (Twin Squared) Servers at CeBIT 2009Breakthrough Performance-per-Watt (375 GFLOPS/kW) and Best Performance-per-Dollar Server, Blade and Workstation Platforms
HANNOVER, Germany, March 3 /PRNewswire-FirstCall/ -- Super Micro Computer, Inc. , a leader in application-optimized, high-performance server solutions, today unveiled its comprehensive new line of server and workstation solutions optimized for upcoming Intel(R) Xeon(R) processors along with its new 2U Twin2 (Twin Squared) family of servers at CeBIT 2009 in Hannover, Germany, March 3-8, Hall 21, Stand C72. Supermicro is putting its server technology leadership on full display with a wide selection of SuperServer demos including its innovative 2U Twin2 server with four hot-pluggable dual-processor (DP) nodes as well as SuperBlade(R) and SuperWorkstation systems optimized with 93%+* high-efficiency power supplies, LV DDR3 memory, SAS 2.0 and more features.
(Photo: http://www.newscom.com/cgi-bin/prnh/20090303/SF77666)
"We are showcasing over 50 of our latest motherboards plus over 20 server, workstation and blade systems including an extensive selection of new platforms optimized for Intel's upcoming Xeon processors codenamed Nehalem," said Charles Liang, CEO and president of Supermicro. "Building upon our successful 1U Twin(TM) technology, our innovative 2U Twin2 system architecture achieves breakthrough x86 server performance-per-watt (375 GFLOPS/kW*, up to 25% net gain over other top tiers' 1U servers) to further satisfy the ever-increasing efficiency, density and low-TCO demands of today's high performance computing (HPC) clusters and datacenters."
2U Twin2 servers are compatible with existing and upcoming Supermicro twin boards. They feature hot-swappable hard drives, power supplies and even computing nodes to facilitate easy installation and maintenance. For high availability, 2U Twin2 servers provide optional redundant power and three 3.5" hard drives per node for RAID 5 data protection.
Based on the company's application-optimized Server Building Block Solutions(R) strategy, Supermicro is offering customers the industry's broadest selection of products based on Intel's upcoming chipset codenamed Tylersburg. For maximum performance-per-watt, these platforms support both 1.5-volt and 1.35-volt DDR3 memory with up to 144GB in 18 DIMM slots. Several new high-performance Supermicro platforms feature dual IOH-36D controller chips to support up to 72 PCI-Express 2.0 links for unprecedented I/O capacity and performance (like 4 x16 PCI-E Gen2 slots for high-end Nvidia/ATI GPU applications) with optional SAS 2.0 for a 6 Gb/s per port transfer rate.
Supermicro provides the ultimate in storage and networking flexibility with its Universal I/O (UIO) interface that allows customers to choose from a host of UIO cards for SAS 2.0, 10Gb Ethernet, FC or InfiniBand subsystems. For optimum performance-per-dollar and best remote management, Supermicro also offers onboard IPMI 2.0 with media and KVM over LAN support on many of these new platforms, as well as both cost-effective DDR and high-performance QDR onboard InfiniBand versions for its award-winning 1U Twin(TM)/2U Twin2 motherboards.
Supermicro Server Building Block Solutions(R) offer exceptional flexibility and feature advantages. To see Supermicro's server, workstation and blade solutions, please visit Hall 21, Stand C72 at CeBIT, or go to http://www.supermicro.com/.
About Super Micro Computer, Inc.
Supermicro emphasizes superior product design and uncompromising quality control to produce industry-leading serverboards, chassis and server systems. These Server Building Block Solutions provide benefits across many environments, including data center deployment, high-performance computing, high-end workstations, storage networks and standalone server installations. For more information on Supermicro's complete line of advanced motherboards, SuperServers, and optimized chassis, visit www.Supermicro.com, email Marketing@Supermicro.com or call the San Jose, CA headquarters at +1 408-503-8000.
SMCI-F
Supermicro, SuperBlade and Server Building Block Solutions are registered trademarks and 1U Twin and 2U Twin2 are trademarks of Super Micro Computer, Inc. All other trademarks are the property of their respective owners.
* Peak performance-per-watt and power efficiency figures based on internal test results.
Photo: http://www.newscom.com/cgi-bin/prnh/20090303/SF77666 PRN Photo Desk, photodesk@prnewswire.com
Super Micro Computer, Inc.
CONTACT: Michael Kalodrich of Super Micro Computer, Inc., +1-408-503-8063, michaelk@supermicro.com
Web Site: http://www.supermicro.com/
HUGHES Telematics Completes Successful Testing in Europe With Its Aftermarket Solution
ATLANTA, March 3 /PRNewswire/ --
- in-Drive device testing fuels European telematics initiatives
HUGHES Telematics, a leader in providing next generation telematics
solutions, today announced that it has completed the successful initial
testing of its in-Drive aftermarket solution in Europe. in-Drive, which was
announced at the Consumer Electronics Show in January 2009, is an aftermarket
solution that offers comprehensive telematics services including emergency
call (e-Call), breakdown assistance (b-Call), diagnostics monitoring and
emission testing, stolen vehicle tracking and geofencing.
"in-Drive's robust feature set gives users access to significant vehicle
information and connectivity with convenient, real-time access via the Web,"
said Fred Blumer, vice president of aftermarket and data services, HUGHES
Telematics. "The unit's small size, simplicity and capacity for handling
large amounts of data were essential factors driving the development of our
self-installed, plug-and-play solution."
HUGHES Telematics' engineering team successfully placed test b-Calls and
e-Calls from Europe, as well as executed bi-directional data transfers using
the in-Drive solution. The creation of in-Drive leverages HUGHES Telematics'
Next Generation Telematics Architecture, and demonstrates the company's
ability to successfully operate on a global basis.
"in-Drive's preliminary success has significant implications within the
industry, specifically in Europe, as it allows OEMs and solution providers to
develop e-Call and b-Call initiatives without the need for professional
installation of in-vehicle hardware and software," said Mike Sena, vice
president of business development, Europe, HUGHES Telematics. "Additionally,
third parties can leverage the elegant self-install features to support
pay-as-you-drive (PAYD) insurance programs or offer additional benefits
for travel club members."
"With the complexities related to the development of a universal solution
in Europe, an aftermarket solution can help accelerate the telematics rollout
and adoption in the market," said David McClure, director of intelligent
transportation systems and telematics at the independent automotive
consulting firm SBD. "Telematics in Europe will soon see a significant surge
as both manufacturers and drivers begin to experience the value of being
connected."
HUGHES Telematics has created a unique foundation with its Next
Generation Telematics Architecture and will continue to work together with
suppliers across Europe to offer comprehensive telematics services to global
markets. With the ongoing testing of in-Drive, HUGHES Telematics will
continue its expansion into Europe and other global markets with the vision
of connecting the automotive world.
About HUGHES Telematics
HUGHES Telematics (www.HUGHEStelematics.com) is a leader in implementing
the next generation of connected services for the automobile. Centered on a
core platform of safety and security offerings, the company develops and
manages vehicle- and driver-centric solutions to enhance the driving and
ownership experience. Headquartered in Atlanta, Ga., HUGHES Telematics offers
a portfolio of consumer, manufacturer, fleet and dealer services provided
through two-way broadband connectivity to the vehicle. HUGHES Telematics and
Polaris Acquisition Corp (Amex: TKP) have agreed to an all stock merger
which, upon satisfaction of certain closing conditions, will result in HUGHES
Telematics stockholders and management becoming the controlling stockholders
and management of Polaris.
HUGHES Telematics
Scott Merritt, Office: +1-770-649-0880, Ext. 302, Mobile: +1-770-778-4786, smerritt@brandwaregroup.com, for HUGHES Telematics
News Archives of March 2009
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
News Archives other dates
2009: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2008: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2007: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2006: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec |