Companies news of 2009-03-24 (page 1)
Number of Hulu Video Viewers Increases 42 Percent in February, According to comScore Video...
Best Blog Neal Award Goes to AVIATION WEEK Ares Defense Technology Blog
ChipMOS REPORTS FOURTH QUARTER AND FULL YEAR 2008 RESULTS
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Number of Hulu Video Viewers Increases 42 Percent in February, According to comScore Video MetrixAmericans' Consumption of Online Videos Declines 12 Percent due to Abbreviated Month
RESTON, Va., March 24 /PRNewswire-FirstCall/ -- comScore , a leader in measuring the digital world, today released February 2009 data from the comScore Video Metrix service showing that U.S. Internet users viewed 13.1 billion online videos during the month of February, representing a decline of 12-percent versus January due mainly to the month of February having three fewer days. YouTube.com comprised the largest share within the U.S. market, accounting for 41 percent of online videos viewed and just under 100 million unique viewers.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO)
Google Sites Holds onto Video Market Share Lead, Hulu Joins Top 5
In February, Google Sites continue to rank as the top U.S. video property with 5.3 billion videos viewed (41 percent online video market share), with YouTube.com accounting for more than 99 percent of all videos viewed at the property. Fox Interactive Media ranked second with 463 million videos (3.5 percent), followed by Yahoo! Sites with 353 million (2.7 percent), Hulu with 333 million (2.5 percent) and Microsoft Sites with 259 million (2.0 percent). Hulu climbed two positions in the ranking to #4, after experiencing a 33-percent jump in video views on the heels of its Super Bowl commercial at the outset of the month.
Top U.S. Online Video Properties* by Videos Viewed
February 2009
Total U.S. - Home/Work/University Locations
Source: comScore Video Metrix
Property Videos Share (%) of
(000) Videos
Total Internet 13,072,164 100.0
Google Sites 5,348,579 40.9
Fox Interactive Media 462,620 3.5
Yahoo! Sites 353,489 2.7
Hulu 332,504 2.5
Microsoft Sites 259,002 2.0
Viacom Digital 248,103 1.9
Turner Network 169,486 1.3
AOL LLC 117,119 0.9
Disney Online 116,104 0.9
CBS Interactive 111,762 0.9
*Rankings based on video content sites; excludes video server networks. Online video includes both streaming and progressive download video.
Hulu.com Reaches One-Quarter of Total Internet Video Viewer Population
More than 145 million U.S. Internet users watched an average of 90 videos per viewer in February. Google Sites maintained its lead with nearly 100 million viewers during the month, representing 69 percent of those who watched video. Fox Interactive ranked second with 53.8 million viewers, followed by Yahoo! Sites (41.8 million), and Hulu (34.7 million). Of the top ten video properties, Hulu experienced the largest increase in unique viewers compared to January, growing 42 percent to 34.7 million viewers.
Top U.S. Online Video Properties* by Unique Viewers
February 2009
Total U.S. - Home/Work/University Locations
Source: comScore Video Metrix
Property Unique Viewers Average Videos
(000) per Viewer
Total Internet 145,177 90.0
Google Sites 99,395 53.8
Fox Interactive Media 53,794 8.6
Yahoo! Sites 41,679 8.5
Hulu 34,731 9.6
Microsoft Sites 28,490 9.1
CBS Interactive 24,574 4.5
AOL LLC 22,778 5.1
Viacom Digital 22,051 11.3
Turner Network 20,119 8.4
Disney Online 12,699 9.1
*Rankings based on video content sites; excludes video server networks. Online video includes both streaming and progressive download video.
Other notable findings from February 2009 include:
-- 75.5 percent of the total U.S. Internet audience viewed online video.
-- The average online video viewer watched 312 minutes of video (more
than 5 hours).
-- 98.8 million viewers watched 5.3 billion videos on YouTube.com (53.8
videos per viewer).
-- 41.2 million viewers watched 384 million videos on MySpace.com (8.5
videos per viewer).
-- The duration of the average online video was 3.5 minutes.
About comScore
comScore, Inc. is a global leader in measuring the digital world and preferred source of digital marketing intelligence. For more information, please visit http://www.comscore.com/companyinfo.
Photo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
comScore, Inc.
CONTACT: Casey Becker of comScore, Inc., +1-312-777-8846, press@comscore.com
Web Site: http://www.comscore.com/
Best Blog Neal Award Goes to AVIATION WEEK Ares Defense Technology Blog
NEW YORK, March 24 /PRNewswire/ -- AVIATION WEEK, the largest multimedia information and services provider to the global aviation, aerospace and defense (A&D) industries, has received a Jesse H. Neal Business Journalism Award from American Business Media (ABM) for its Ares defense technology blog. Ares was named the "Best Blog" for its editorial excellence and industry impact.
Called "the Pulitzer Prize of the Business Media," the prestigious Jesse H. Neal Awards recognize editorial excellence in business-to-business media. The 55th annual awards were presented March 19, 2009, at a lunch hosted by American Business Media at the Rainbow Room in New York City.
"The Ares blog commands a tremendous amount of interest and respect and is an exceptional growth driver for the Defense Channel on AviationWeek.com," said Anthony Velocci, Jr., Editorial Director of AVIATION WEEK and Editor-in-Chief of Aviation Week & Space Technology. "We are honored to be recognized for our online efforts by our peers in the publishing industry with this prestigious Neal Award."
The Ares defense technology blog provides daily insight that complements AVIATION WEEK's portfolio of media services for the defense industry, including Defense Technology International, or DTI, and a conference series that includes the Defense Technology & Requirements conference. This integrated media business is dedicated to covering the interplay of defense technology, funding, operations, programs and policies. In 2008, Ares blog page views increased 160% vs. the prior year, which drove AVIATION WEEK Defense Channel page views up 81% during the same period. Worldwide print circulation includes over 38,000 military, government and defense industry decision-makers, as well as defense infrastructure opinion leaders and influencers.
About AVIATION WEEK
AVIATION WEEK, a division of The McGraw-Hill Companies, is the largest multimedia information and services provider to the global aviation, aerospace and defense industries, and includes the publications Aviation Week & Space Technology, Defense Technology International, Business & Commercial Aviation, Overhaul & Maintenance, ShowNews, Aviation Daily, Aerospace Daily & Defense Report, and the World Aerospace Database. The group's website, http://www.aviationweek.com/, offers the industry's most reliable news, information, search and online community tools. Premium content services include the Aviation Week Intelligence Network, MRO Prospector, and the Top-Performing Companies Benchmarking Tool. The group also produces prominent conferences, exhibitions and management forums around the world.
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/.
AVIATION WEEK
CONTACT: Lisa Jaycox, Communications Specialist, The McGraw-Hill Companies Information & Media, +1-212-512-3272, lisa_jaycox@mcgraw-hill.com; or Joe D'Andrea, Director of Sales Development & Marketing, AVIATION WEEK, +1-212-904-3780, joseph_dandrea@aviationweek.com
Web Site: http://www.aviationweek.com/
ChipMOS REPORTS FOURTH QUARTER AND FULL YEAR 2008 RESULTS
HSINCHU, Taiwan, March 24 /PRNewswire-Asia-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") today reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2008. All U.S. dollar figures in this release are based on the exchange rate of NT$32.76 against US$1.00 as of December 31, 2008.
Net revenue on a US GAAP basis for the fourth quarter of 2008 was NT$3,052.6 million or US$93.2 million, a decrease of 50.0% from NT$6,101.6 million or US$186.3 million for the same period in 2007 and a decrease of 30.0% from NT$4,361.5 million or US$133.1 million in the third quarter of 2008. Under US GAAP, the gross margin for the fourth quarter of 2008 was -28.0%, compared to 24.6% for the same period in 2007 and 0.3% for the third quarter of 2008.
Net loss on a US GAAP basis for the fourth quarter of 2008 was NT$5,838.6 million or US$178.2 million, and NT$69.54 or US$2.12 per basic common share, compared to net loss of NT$873.6 million or US$26.7 million, and NT$10.41 or US$0.32 per basic common share, for the third quarter of 2008. Net loss under US GAAP includes non-cash gains for changes in the fair value of the embedded derivative liabilities of NT$8.6 million or US$0.3 million and amortization of discount on convertible notes of NT$27.9 million or US$0.9 million for the fourth quarter of 2008 and non-cash gains for changes in the fair value of the embedded derivative liabilities of NT$21.9 million or US$0.7 million and amortization of discount on convertible notes of NT$77.0 million or US$2.4 million for the third quarter of 2008. Excluding the above special items regarding the convertible notes, non-GAAP adjusted net loss for the fourth quarter of 2008 was NT$5,819.3 million or US$177.6 million, and NT$69.31 or US$2.12 per basic common share, compared to non-GAAP adjusted net loss of NT$818.5 million or US$25.0 million, and NT$9.75 or US$0.30 per basic common share in the third quarter of 2008.
Under US GAAP, net revenue for the fiscal year ended December 31, 2008 was NT$17,010.2 million or US$519.2 million, a decrease of 27.9% from NT$23,597.6 million or US$720.3 million for the fiscal year ended December 31, 2007. Under US GAAP, net loss for the fiscal year ended December 31, 2008 was NT$7,177.7 million or US$219.1 million, and NT$85.56 or US$2.61 per common share, compared to net income of NT$2,901.7 million or US$88.6 million, and NT$36.13 or US$1.10 per common share, for the fiscal year ended December 31, 2007. Net loss for the fiscal year ended December 31, 2008 under US GAAP includes non- cash gains for changes in the fair value of the embedded derivative liabilities of NT$191.4 million or US$5.8 million and amortization of discount on convertible notes of NT$277.1 million or US$8.4 million. Excluding the above special items regarding the convertible notes, non-GAAP adjusted net loss for the fiscal year ended December 31, 2008 was NT$7,092.0 million or US$216.5 million, and NT$84.54 or US$2.58 per basic common share.
The unaudited consolidated financial results of ChipMOS for the fourth quarter ended December 31, 2008 included the financial results of ChipMOS TECHNOLOGIES INC., ChipMOS Japan Inc., ChipMOS U.S.A., Inc., ChipMOS TECHNOLOGIES (H.K.) Limited, MODERN MIND TECHNOLOGY LIMITED and its wholly- owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD., and ThaiLin Semiconductor Corp.
S.J. Cheng, Chairman and Chief Executive Officer of ChipMOS, said, "Despite continued market weakness, we achieved revenue of US$93.2 million in the fourth quarter. In light of the global financial climate, we faced similar challenges that every player in the semiconductor supply chain faced in the fourth quarter. The difficulties were not simply a temporary irregular market condition nor seasonality issue as we encounter on an annual basis in the past, but an economic downturn that may last for years under the current market outlook consensus.
The challenging global economic environment, credit crisis and slowing of consumer spending, significantly reduced DRAM demand in Q4, worsening the financial situation of DRAM makers across the space. As a result of this harsh financial climate, our DRAM revenue experienced a 38.5% sequential decline in Q4 resulting from a significant reduction in demand coming from our Taiwan customers. Given the current weakness in the macroeconomic environment, our LCD business dropped significantly with deterioration in consumer demand. Even after quarters of inventory correction in the LCD panel industry, panel makers continued their efforts to aggressively reduce their outputs to counter slowing orders. Rather than implementing continuous capacity services, our LCD driver customers placed rush orders to avoid inventory accumulations. This trend, coupled with weak momentum in the LCD industry, depressed the overall business activity in the supply chain resulting in our LCD driver revenue decline of 50.6% in the fourth quarter on a quarter-over-quarter basis. Additionally, we experienced significant revenue declines in both Flash and mixed-signal segments in Q4 as compared to Q3."
S.K. Chen, Chief Financial Officer of ChipMOS, said, "The Company started to take action to deal with the business down cycle at a very early stage. We launched our cost saving programs in early 2008, which was a couple of quarters ahead of the global recession. During past two years, we also managed to reduce CapEx and took other measures for improving of our financial condition. These activities helped us maintain our cash position at a level, which allowed us to sustain our operations in this unpredictable environment. To face this down cycle, we continue to work to readjust our financial resources and minimize cash outflow. The future business will be maintained based on the payment policy of cash-on-delivery for customers with financial problems. Management is confident that through its solid operation and diligent cost planning will ensure its continuous operation and improve performance even at down times like now. We are well prepared for the next dawn of the semiconductor industry."
Selected Operation Data
4Q08 3Q08 FY08
Revenue by segment
Testing 57% 51% 52%
Assembly 31% 31% 32%
LCD Driver 12% 18% 16%
Utilization by segment
Testing 55% 67% 65%
Assembly 48% 64% 63%
LCD Driver 29% 54% 52%
Overall 50% 64% 62%
CapEx US$19.3 million US$9.1 million US$66.8 million
Testing 75% 32% 56%
Assembly 25% 49% 34%
LCD Driver 0% 19% 10%
Depreciation and
amortization US$54.9 million US$55.8 million US$221.6 million
expenses (US GAAP)
First Quarter 2009 Outlook
Mr. Cheng continued, "Looking into the first quarter of 2009, the overall DRAM backend market continues to experience weak demand. This is primarily the result of substantial cut backs in output from Taiwan DRAM makers for cash outflow considerations. The LCD driver business seems to be in the best shape in the short-term among all our business sectors attributable to Chinese stimulus programs and US LCD TV demand. The flash and Mask ROM business from our Taiwan customers also picked up very well beginning in March. Following the LCD market trend, our mixed-signal business has some growth potential after mid-Q1. Most orders are coming from the urgent demands in the supply chain. In our view, January is confirmed to be the bottom of this down cycle for all of our business sectors. Currently, we expect month over month growth until May. However, the market visibility is still limited after May.
Considering the overall market weakness and the financial difficulty of our major customers, we currently expect that first quarter revenue will be in the range of approximately US$67 million to US$72 million, which is a decrease of 23% to 28% as compared to the fourth quarter 2008. The revenue forecast is based on the exchange rate of NT$32.76 to the USD as of December 31, 2008. The reported Q1 revenue in US dollars may vary from our guidance due to a different exchange rate at the end of the first quarter. Finally, we currently expect gross margin on a consolidated basis for the first quarter of 2009 to be in the range of approximately -55% to -60% due to low utilization rate."
Investor Conference Call / Webcast Details
ChipMOS will review detailed fourth quarter 2008 results on Tuesday, March 24, 2008 at 7:00PM ET (7:00AM, March 25, Taiwan time). The conference call-in number is 1-201-689-8562. A live webcast of the conference call will be available at ChipMOS' website at http://www.chipmos.com/. The playback will be available in 2 hours after the conclusion of the conference call and will be accessible by dialing 1-201-612-7415. The account number to access the replay is 3055 and the confirmation ID number is 313353.
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS ( http://www.chipmos.com/ ) is a leading independent provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.
Forward-Looking Statements
Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.
Use of Non-GAAP Information
Readers are reminded that non-GAAP numbers contained in this announcement are merely a supplement to, and not a replacement for, the GAAP financial measures. These non-GAAP numbers should be read in conjunction with the US GAAP financial measures. It should be noted as well that the non-GAAP information provided in this announcement may be different from the non-GAAP information provided by other companies.
- FINANCIAL TABLES FOLLOW BELOW -
ChipMOS TECHNOLOGIES (Bermuda) LTD.
CONSOLIDATED INCOME STATEMENT
For the Three Months and the Year Ended December 31, 2008, 2007
Figures in Million of U.S. dollars (USD) (1)
Except for Per Share Amounts and Shares Outstanding
ROC GAAP US GAAP
3 months Year 3 months Year
ended ended ended ended
Dec. 31, Dec. 31, Dec. 31, Dec. 31, Dec. 31, Dec. 31
2008 2007 2008 2007 2008 2008
(Un- (Un- (Un- (Audited) (Un- (Un-
audited) audited) audited) audited) audited)
USD USD USD USD USD USD
Net Revenue 93.2 186.3 519.2 720.3 93.2 519.2
Cost of Revenue 117.6 139.5 518.0 532.5 119.3 521.0
Gross Profit
(Loss) (24.4) 46.8 1.2 187.8 (26.1) (1.8)
Operating Expenses
Research and
Development 3.4 2.6 13.3 9.8 3.4 13.3
Sales and
Marketing 70.3 0.7 72.1 3.0 70.3 72.1
General and
Administrative 5.3 8.4 27.0 32.7 8.6 35.2
Total Operating
Expenses 79.0 11.7 112.4 45.5 82.3 120.6
Income (Loss) from
Operations (103.4) 35.1 (111.2) 142.3 (108.4) (122.4)
Non-Operating
Income
(Expenses), Net (80.2) (7.1) (100.3) (20.4) (82.6) (98.9)
Income (Loss)
before Income
Tax, Minority
Interests and
Interest in
Bonuses Paid by
Subsidiaries (183.6) 28.0 (211.5) 121.9 (191.0) (221.3)
Income Tax Benefit
(Expense) 7.7 0.6 (3.7) (23.5) 8.1 (2.5)
Income (Loss)
before Minority
Interests and
Interest in
Bonuses Paid by
Subsidiaries (175.9) 28.6 (215.2) 98.4 (182.9) (223.8)
Minority Interests 4.5 (1.4) 4.4 (22.0) 4.7 4.7
Interest in
Bonuses Paid by
Subsidiaries -- -- (11.1) (8.7) -- --
Net Income (Loss) (171.4) 27.2 (221.9) 67.7 (178.2) (219.1)
Earnings (Loss)
Per Share -- Basic (2.04) 0.32 (2.65) 0.84 (2.12) (2.61)
Shares Outstanding
(in thousands)
-- Basic 83,964 83,821 83,894 80,305 83,964 83,894
Net Income (Loss)
-- Diluted (171.4) 31.1 (221.9) 80.1 (178.2) (219.1)
Earnings (Loss)
Per Share
-- Diluted (2.04) 0.28 (2.65) 0.74 (2.12) (2.61)
Shares Outstanding
(in thousands)
-- Diluted 83,964 111,045 83,894 108,207 83,964 83,894
Note (1): All U.S. dollar figures in this release are based on the
exchange rate of NT$32.76 against US$1.00 as of Dec. 31, 2008.
The convenience translation should not be construed as
representations that the NT Dollar amounts have been, or could
be in the future be, converted into US dollars at this or any
other exchange rate.
ChipMOS TECHNOLOGIES (Bermuda) LTD.
CONSOLIDATED INCOME STATEMENT
For the Three Months and the Year Ended December 31, 2008, 2007
Figures in Million of NT dollars (NTD)
Except for Per Share Amounts and Shares Outstanding
ROC GAAP US GAAP
3 months ended Year ended 3 months Year
ended ended
Dec. 31, Dec. 31, Dec. 31, Dec. 31, Dec. 31, Dec. 31,
2008 2007 2008 2007 2008 2008
(Un- (Un- (Un- (Audited)(Un- (Un-
audited) audited) audited) audited) audited)
NTD NTD NTD NTD NTD NTD
Net Revenue 3,052.6 6,101.6 17,010.2 23,597.6 3,052.6 17,010.2
Cost of Revenue 3,851.1 4,569.0 16,969.9 17,444.1 3,909.2 17,068.3
Gross Profit
(Loss) (798.5) 1,532.6 40.3 6,153.5 (856.6) (58.1)
Operating Expenses
Research and
Development 112.1 85.3 435.6 322.3 112.1 435.6
Sales and
Marketing 2,302.2 24.2 2,362.7 98.3 2,302.2 2,362.7
General and
Administrative 174.5 273.9 885.6 1,070.5 283.0 1,154.9
Total Operating
Expenses 2,588.8 383.4 3,683.9 1,491.1 2,697.3 3,953.2
Income (Loss)
from Operations (3,387.3) 1,149.2 (3,643.6) 4,662.4 (3,553.9) (4,011.3)
Non-Operating
Income
(Expenses), Net (2,626.4) (231.8) (3,286.8) (669.2)(2,704.9) (3,240.1)
Income (Loss) before
Income Tax,
Minority Interests
and Interest in
Bonuses Paid by
Subsidiaries (6,013.7) 917.4 (6,930.4) 3,993.2 (6,258.8) (7,251.4)
Income Tax Benefit
(Expense) 251.7 21.1 (120.8) (768.2) 266.6 (80.4)
Income (Loss) before
Minority
Interests and
Interest in
Bonuses
Paid by
Subsidiaries (5,762.0) 938.5 (7,051.2) 3,225.0 (5,992.2) (7,331.8)
Minority Interests 146.5 (45.8) 143.3 (720.0) 153.6 154.1
Interest in Bonuses
Paid by
Subsidiaries -- -- (362.4) (285.8) -- --
Net Income (Loss) (5,615.5) 892.7 (7,270.3) 2,219.2 (5,838.6) (7,177.7)
Earnings (Loss)
Per Share
-- Basic (66.88) 10.65 (86.66) 27.63 (69.54) (85.56)
Shares Outstanding
(in thousands)
-- Basic 83,964 83,821 83,894 80,305 83,964 83,894
Net Income (Loss)
-- Diluted (5,615.5) 1,019.4 (7,270.3) 2,622.5 (5,838.6) (7,177.7)
Earnings (Loss)
Per Share
-- Diluted (66.88) 9.18 (86.66) 24.24 (69.54) (85.56)
Shares Outstanding
(in thousands)
-- Diluted 83,964 111,045 83,894 108,207 83,964 83,894
ChipMOS TECHNOLOGIES (Bermuda) LTD.
RECONCILIATION OF US GAAP NET INCOME (LOSS) TO NON-GAAP NET INCOME (LOSS)
(UNAUDITED)
For the Three Months Ended Dec. 31, 2008 and Year Ended Dec. 31, 2008
Figures in Million of U.S. dollars (USD) (1)
Except for Per Share Amounts
Use of Non-GAAP Financial Information
To supplement our consolidated income statement (unaudited) for the three months and the year ended Dec. 31, 2008 on a US GAAP basis, the Company uses a non-GAAP measure of net income (loss), which is US GAAP net income (loss) adjusted to exclude two non-cash items referred to as special items. The two non-cash items excluded are changes in the fair value of the embedded derivative liabilities and amortization of discount on convertible notes. These items are considered by the management to be outside of the Company's core operating results. For example, changes in the fair value of the embedded derivative liabilities relate heavily to the Company's stock price, interest rate and volatility, all of which are difficult to predict and outside of the control of the Company and its management.
For these reasons, management uses non-GAAP adjusted measures of net income (loss) and non-GAAP net income (loss) per share to evaluate the performance of our core businesses and to estimate future core performance. In addition, this information facilitates our management's internal comparisons to our historical operating results as well as to the operating results of our competitors.
The Company's management finds these supplemental non-GAAP measures to be useful, and we believe these non-GAAP measures are useful to investors in enabling them to perform additional analyses of past, present and future operating performance and as a supplemental means to evaluate our core operating results. However, readers are reminded that non-GAAP numbers are merely a supplement to, and not a replacement for, US GAAP financial measures. They should be read in conjunction with the US GAAP financial measures. It should be noted as well that our non-GAAP information may be different from the non-GAAP information provided by other companies.
3 months ended Year ended
Dec. 31, Dec. 31,
2008 2008
US GAAP Net Income (Loss) (Basic) (178.2) (219.1)
Special Items (in Non-Operating Income
(Expenses), Net)
Changes in the fair value of the
embedded derivative liabilities(2) (0.3) (5.8)
Amortization of discount on
convertible notes(3) 0.9 8.4
Total Special Items 0.6 2.6
Non-GAAP Adjusted Net Income (Loss)
(Basic) (177.6) (216.5)
US-GAAP Net Income (Loss) Per Share
(Basic) (2.12) (2.61)
Adjustment for special items -- 0.03
Non-GAAP Net Income (Loss) Per Share
(Basic) (2.12) (2.58)
US-GAAP Net Income (Loss) Per Share
(Diluted) (2.12) (2.61)
Adjustment for special items -- 0.03
Non-GAAP Net Income (Loss) Per Share
(Diluted) (2.12) (2.58)
Notes:
(1) All U.S. dollar figures in this release are based on the exchange
rate of NT$32.76 against US$1.00 as of Dec. 31, 2008. The convenience
translation should not be construed as representations that the NT
Dollar amounts have been, or could be in the future be, converted into
US dollars at this or any other exchange rate.
(2) The Company's management believes excluding non-cash special item for
the changes in the fair value of the embedded derivative liabilities
from its non-GAAP financial measure of net income is useful for itself
and investors as such gain (expense) does not have any impact on cash
available to the Company.
(3) The Company's management believes excluding non-cash amortization
expense of discount on convertible notes from its non-GAAP financial
measure of net income (loss) is useful for itself and investors as
such expense does not have any impact on cash available to the Company.
ChipMOS TECHNOLOGIES (Bermuda) LTD.
NON-GAAP CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED)
(Excluding non-cash items for changes in the fair value of the embedded
derivative liabilities and amortization of discount on convertible notes)
For the Three Months Ended Dec. 31, 2008 and Year Ended Dec. 31, 2008
Figures in Million of U.S. dollars (USD) (1)
Except for Per Share Amounts and Shares Outstanding
3 months ended Year ended
Dec. 31, Dec. 31,
2008 2008
Net Revenue 93.2 519.2
Cost of Revenue 119.3 521.0
Gross Profit (Loss) (26.1) (1.8)
Operating Expenses
Research and Development 3.4 13.3
Sales and Marketing 70.3 72.1
General and Administrative 8.6 35.2
Total Operating Expenses 82.3 120.6
Income (Loss) from Operations (108.4) (122.4)
Non-Operating Income (Expenses),
Net(2) (82.0) (96.3)
Income (Loss) before Income Tax and
Minority Interests(2) (190.4) (218.7)
Income Tax Benefit (Expense) 8.1 (2.5)
Income (Loss) before Minority
Interests(2) (182.3) (221.2)
Minority Interests 4.7 4.7
Net Income (Loss) (2) (177.6) (216.5)
Earnings (Loss) Per Share -- Basic(2) (2.12) (2.58)
Shares Outstanding (in thousands) -- Basic 83,964 83,894
Earnings (Loss) Per Share -- Diluted(2) (2.12) (2.58)
Shares Outstanding (in thousands) --
Diluted 83,964 83,894
Note:
(1) All U.S. dollar figures in this release are based on the
exchange rate of NT$32.76 against US$1.00 as of Dec. 31, 2008.
The convenience translation should not be construed as
representations that the NT Dollar amounts have been, or could
be in the future be, converted into US dollars at this or any
other exchange rate.
(2) The amount presented is not prepared in accordance with US
GAAP and does not include non-cash income for changes in the
fair value of the embedded derivative liabilities of NT$8.6
million or US$0.3 million and amortization of discount on
convertible notes of NT$27.9 million or US$0.9 million for the
three months ended Dec. 31, 2008 and non-cash income for changes
in the fair value of the embedded derivative liabilities of
NT$191.4 million or US$5.8 million, and the amortization of
discount on convertible notes of NT$277.1 million or US$8.4
million for the year ended Dec 31, 2008. Please see
"Reconciliation of US GAAP Net Income (Loss) to Non-GAAP Net
Income (Loss) (Unaudited)" above.
ChipMOS TECHNOLOGIES (Bermuda) LTD.
CONSOLIDATED BALANCE SHEET
As of Dec. 31, Sep. 30, 2008 and Dec. 31, 2007
Figures in Million of U.S. dollars (USD) (1)
ROC GAAP US GAAP
Dec. 31, Sep. 30, Dec.31, Dec. 31, Sep. 30, Dec. 31,
2008 2008 2007 2008 2008 2007
(Unaudi- (Unaudi- (Audited) (Unaudi- (Unaudi- (Audited)
ted) ted) ted) ted)
ASSETS USD USD USD USD USD USD
Cash and Cash
Equivalents 203.0 118.3 156.7 203.0 118.3 156.7
Financial Assets at
Fair Value Through
Profit or Loss 3.1 14.2 17.0 3.1 14.2 17.0
Available-for-Sale
Financial Assets -- -- -- 3.1 -- --
Held-to-Maturity
Financial Assets 7.6 7.6 -- 7.6 7.6 --
Investments with no
Active Market 3.1 -- -- -- -- --
Accounts and Notes
Receivable 46.0 144.2 162.5 46.0 144.2 162.5
Inventories 30.6 26.3 31.8 29.5 26.4 31.8
Other Current Assets 26.9 30.4 16.8 26.8 30.2 16.7
Total Current Assets 320.3 341.0 384.8 319.1 340.9 384.7
Long-Term Investments 13.4 7.9 10.9 13.4 7.9 10.9
Property, Plant &
Equipment-Net 722.0 806.2 916.4 715.1 799.7 911.5
Intangible Assets 3.3 5.6 5.5 3.3 5.6 5.5
Other Assets 22.8 50.4 65.7 22.3 51.5 69.1
Total Asset 1,081.8 1,211.1 1,383.3 1,073.2 1,205.6 1,381.7
LIABILITIES
Current Liabilities
Short-Term Bank Loans 83.8 30.5 38.1 83.8 30.5 38.1
Current Portion of
Long-Term Debts 187.6 122.5 207.5 184.9 122.5 208.4
Accounts Payable and
Payables to
Contractors and
Equipment
Suppliers 22.3 25.4 43.7 22.3 25.4 43.7
Other Current
Liabilities 33.6 37.6 57.9 33.6 37.6 71.2
Total Current
Liabilities 327.3 216.0 347.2 324.6 216.0 361.4
Long-Term Liabilities
Long-Term Debts 300.1 362.3 345.7 300.1 358.8 341.2
Other Liabilities 10.5 10.5 11.3 16.4 16.6 18.2
Total Liabilities 637.9 588.8 704.2 641.1 591.4 720.8
SHAREHOLDERS' EQUITY
Capital Stock 0.8 0.8 0.8 0.8 0.8 0.8
Deferred Compensation (0.7) (1.0) (2.1) (1.2) (1.7) (3.8)
Capital Surplus 390.2 388.1 380.8 381.1 375.8 370.8
Retained Earnings
(Accumulated Loss) (30.4) 140.2 192.0 (25.2) 151.6 193.9
Treasury Stock (0.1) -- -- (0.1) -- --
Cumulated Translation
Adjustments 13.2 14.3 8.5 13.2 14.3 8.5
Unrecognized Pension
Cost -- -- -- (6.2) (6.3) (6.3)
Minority Interests 70.9 79.9 99.1 69.7 79.7 97.0
Total Equity 443.9 622.3 679.1 432.1 614.2 660.9
Total Liabilities &
Shareholders'
Equity 1,081.8 1,211.1 1,383.3 1,073.2 1,205.6 1,381.7
Note (1): All U.S. dollar figures in this release are based on the
exchange rate of NT$32.76 against US$1.00 as of Dec. 31, 2008.
The convenience translation should not be construed as
representations that the NT Dollar amounts have been, or could
be in the future be, converted into US dollars at this or any
other exchange rate.
ChipMOS TECHNOLOGIES (Bermuda) LTD.
CONSOLIDATED BALANCE SHEET
As of Dec. 31, Sep. 30, 2008 and Dec. 31, 2007
Figures in Million of NT dollars (NTD)
ROC GAAP US GAAP
Dec. 31, Sep. 30, Dec. 31, Dec.31, Sep. 30, Dec. 31,
2008 2008 2007 2008 2008 2007
(Unaudit- (Unaudit- (Audited) (Unaudit- (Unaudit-(Audited)
ed) ed) ed) ed)
ASSETS NTD NTD NTD NTD NTD NTD
Cash and Cash
Equivalents 6,651.9 3,874.7 5,133.6 6,651.9 3,874.7 5,133.6
Financial Assets at
Fair Value
Through Profit or
Loss 102.1 465.2 555.6 102.1 465.2 555.6
Available-for-Sale
Financial Assets -- -- -- 100.0 -- --
Held-to-Maturity
Financial Assets 250.0 250.0 -- 250.0 250.0 --
Investments with no
Active Market 100.0 -- -- -- -- --
Accounts and Notes
Receivable 1,506.1 4,724.2 5,322.7 1,506.1 4,724.2 5,322.7
Inventories 1,001.5 862.1 1,043.6 966.1 862.8 1,044.3
Other Current
Assets 882.7 994.4 549.7 876.4 990.0 547.2
Total Current
Assets 10,494.3 11,170.6 12,605.2 10,452.6 11,166.9 12,603.4
Long-Term
Investments 437.8 258.0 358.0 437.8 258.0 358.0
Property, Plant &
Equipment-Net 23,654.9 26,410.7 30,020.4 23,427.2 26,199.6 29,861.6
Intangible Assets 107.8 183.7 180.4 107.8 183.7 180.4
Other Assets 746.8 1,651.3 2,152.1 731.6 1,688.7 2,262.6
Total Assets 35,441.6 39,674.3 45,316.1 35,157.0 39,496.9 45,266.0
LIABILITIES
Current Liabilities
Short-Term Bank
Loans 2,745.4 999.9 1,249.2 2,745.4 999.9 1,249.2
Current Portion of
Long-Term Debts 6,145.3 4,011.3 6,797.1 6,056.6 4,011.3 6,828.0
Accounts Payable and
Payables to
Contractors and
Equipment
Suppliers 729.4 833.3 1,430.2 729.4 833.3 1,430.2
Other Current
Liabilities 1,101.5 1,231.3 1,897.7 1,101.5 1,231.3 2,331.9
Total Current
Liabilities 10,721.6 7,075.8 11,374.2 10,632.9 7,075.8 11,839.3
Long-Term
Liabilities
Long-Term Debts 9,832.6 11,867.5 11,323.7 9,832.6 11,752.9 11,179.3
Other Liabilities 344.6 345.2 370.1 537.3 544.6 596.5
Total
Liabilities 20,898.8 19,288.5 23,068.0 21,002.8 19,373.3 23,615.1
SHAREHOLDERS' EQUITY
Capital Stock 27.6 27.6 27.5 27.6 27.6 27.5
Deferred
Compensation (26.0) (32.9) (69.4) (40.9) (55.3) (125.0)
Capital Surplus 12,784.1 12,713.8 12,475.9 12,485.5 12,309.7 12,147.3
Retained Earnings
(Accumulated
Loss) (998.3) 4,592.3 6,291.0 (826.8) 4,967.8 6,350.8
Treasury Stock (1.8) -- -- (1.8) -- --
Cumulated
Translation
Adjustments 433.7 469.4 277.5 433.7 469.4 277.5
Unrecognized Pension
Cost -- -- -- (204.8) (205.8) (205.8)
Minority Interests 2,323.5 2,615.6 3,245.6 2,281.7 2,610.2 3,178.6
Total Equity 14,542.8 20,385.8 22,248.1 14,154.2 20,123.6 21,650.9
Total Liabilities &
Shareholders'
Equity 35,441.6 39,674.3 45,316.1 35,157.0 39,496.9 45,266.0
Contacts:
In Taiwan R.O.C.
Dr. S.K. Chen
ChipMOS TECHNOLOGIES (Bermuda) LTD.
Tel: +886-6-507-7712
Email: s.k._chen@chipmos.com
In the U.S.
Joseph Villalta
The Ruth Group
Tel: +1-646-536-7003
Email: jvillalta@theruthgroup.com
ChipMOS TECHNOLOGIES (Bermuda) LTD.
CONTACT: Dr. S.K. Chen of ChipMOS TECHNOLOGIES (Bermuda) LTD., +886-6- 507-7712, s.k._chen@chipmos.com; Joseph Villalta of The Ruth Group for ChipMOS, +1-646-536-7003, jvillalta@theruthgroup.com
Web site: http://www.chipmos.com/
Premier Farnell doit annoncer le nom des gagnants tant attendus du concours Live Edge - Electronic Design for the Global Environment - au cours de la Conférence virtuelle sur les technologies de la communication le 2 Avril
LONDRES, March 24 /PRNewswire/ --
- Les participants à la conférence auront accès aux dernières
informations sur les technologies de la communication grâce aux 29 plus
grands fabricants de composants dans le monde
Premier Farnell plc (LSE : pfl), le plus important distributeur
multicanaux de produits et services de grande qualité, et ses sociétés
(Farnell, Newark, Premier Electronics, Farnell-Newark CPC et MCM) annonceront
le nom des gagnants du concours international de conception Live EDGE -
Electronic Design for the Global Environment (Conception électronique en
faveur de l'environnement mondial) - au cours d'une conférence toute
particulière sur les technologies de la communication, durant laquelle les
participants pourront en apprendre plus et débattre sur les toutes dernières
technologies de la communication grâce aux présentoirs en ligne de 29
fabricants de composants internationaux. Cet événement en ligne aura lieu le
jeudi 2 avril 2009 dans l'EcoSphere de Live EDGE, spécialement conçue pour
l'occasion, à partir de 14h30 GMT à Londres, 9h30 à New York et 21h30 à Hong
Kong. Les participants au Live Edge, les journalistes, les ingénieurs
concepteurs, les étudiants et les amateurs d'électronique sont invités à
s'inscrire à cet événement sur http://www.live-edge.com.
(Photo : http://www.newscom.com/cgi-bin/prnh/20090324/342042)
Le nom du ou des gagnant(s) du concours Live Edge sera annoncé par la PDG
de Premier Farnell, Harriet Green, à 14h45 GMT, après quoi débutera une
séance de questions-réponses. Dans le concours de Live Edge, on demandait aux
participants de soumettre leurs conceptions innovantes de composants
électroniques ayant un impact positif sur l'environnement. Cette année, les
trois pays à avoir totalisé le plus d'inscriptions pour cet événement ont été
l'Inde, avec 25%, les États-Unis avec 17% et la Chine avec 8% des inscrits.
La conception gagnante se verra accorder un package unique comprenant une
somme de $25 000 USD, ainsi que des services de soutien également évalués à
$25 000 USD par des experts dans les domaines de la conception électronique,
marketing, juridique et commercial, pour accompagner la conception gagnante
jusqu'à la production. De plus, chaque concurrent sortant second se verra
attribuer une somme de $5 000 USD pour sa conception.
La conférence en ligne présentera les toutes dernières technologies de la
communication de 29 fabricants de composants de premier plan, dont National
Semiconductor, Vishay Intertechnology et Ohmite Manufacturing, qui agissent
également à titre de sponsors fournisseurs mondiaux du concours Live EDGE.
Les discussions porteront entre autres sur les technologies Bluetooth, WiFi
et autres protocoles. Les participants auront l'opportunité de discuter en
direct avec les représentants des fabricants et de prendre contact avec
d'autres ingénieurs électroniques, étudiants en ingénierie et amateurs. Des
informations techniques seront également disponibles en téléchargement.
<< Nous sommes ravis de pouvoir offrir cette opportunité à Premier
Farnell grâce au concours Live EDGE, et nous sentons que l'environnement
virtuel de l'EcoSphere, qui nous permet de proposer un réseau d'apprentissage
et de prise de contact aux ingénieurs concepteurs, est parfait pour
accueillir la cérémonie de remise des récompenses >>, a déclaré Harriet
Green, PDG de Premier Farnell plc. << La compétition de l'année dernière a eu
un franc succès et la production de la conception gagnante sera bientôt
lancée, et aura des chances d'avoir un impact important sur l'environnement.
Nous sommes impatients de découvrir les nouvelles innovations palpitantes que
les gagnants de cette année mettront sur le marché. >>
Des mises à jour sur la conférence, avant et pendant l'événement, seront
disponibles via Twitter en s'inscrivant sur
http://twitter.com/LiveEDGE_event. D'autres informations sur le Live EDGE
sont disponibles sur http://www.Live-EDGE.com et les groupes du concours de
conception de Live EDGE sont aussi accessibles depuis Facebook et LinkedIn.
Note de la rédaction :
Des images en haute résolution de l'EcoSphere de Premier Farnell sont
disponibles sur :
http://www.pinnaclemarcoms.com/PR_PICTURES/Premier_Farnell/EcoSphere.jpg
À propos de Premier Farnell
Premier Farnell Plc (LSE : pfl) est le plus important distributeur
multi-canaux, à haut niveau de service, de produits électroniques,
d'entretien, de réparation et d'exploitation ainsi que de services
spécialisés à travers l'Europe, les Amériques et la région Asie-Pacifique.
Elle offre sur le marché une proposition de valeur différenciée, un marketing
de classe mondiale, des stocks de plus de 450 000 produits et un accès à plus
de 4 millions d'articles de plus de 3 500 fabricants classés parmi les
leaders mondiaux. La société a un chiffre d'affaires global de 823,1 millions
de livres sterling et compte 4 100 employés à travers le monde.
Bien qu'ayant une présence mondiale, Premier Farnell reconnaît les
besoins individuels de chaque marché et continue d'internationaliser son
modèle en conséquence, établissant des activités commerciales locales sous
des noms de marque différents. Ses activités principales en électronique sont
commercialisées sous le nom de Farnell en Grande-Bretagne, Europe, Australie,
et Nouvelle-Zélande, sous le nom de Newark aux États-Unis, au Canada et au
Mexique, et sous le nom de Premier Electronics en Chine. À Singapour, en
Malaisie, à Hong Kong et au Brésil, la société opère sous le nom de Farnell
Newark.
Premier Farnell fait partie depuis trois ans de l'indice CR du mouvement
Business in the Community et compte parmi les entreprises ayant le plus
progressé dans cet indice au cours des deux dernières années. La société
figure également au classement FTSE4Good des entreprises socialement
responsables et publie depuis 2002 son propre rapport d'entreprise
socialement responsable.
Pour de plus amples informations, veuillez consulter le site
http://www.premierfarnell.com
Premier Farnell Plc
Contact : Jenny Peters, Responsable de la communication de l'entreprise Premier Farnell plc et Asie, Tél. : +44(0)207-851-4102, E-mail : jpeters@premierfarnell.com ; Janice Fleisher, Responsable de la communication et des relations publiques, Newark, Amérique du Nord et du Sud, Tél. : +1-1-773-907-5941, E-mail : jfleisher@newark.com ; Jonathan Roberts,
Directeur des comptes, Pinnacle Marketing Communications Ltd, Tél. : +44(0)208-869-9339, E-mail : jonathan@pinnaclemarcom.com ; Claire Haikings, Farnell, Europe, Tél. : +44(0)133-2790101 ext. 3433, E-mail : chaikings@farnell.com
Celestica files form 20-F
TORONTO, March 24 /PRNewswire-FirstCall/ -- Celestica Inc. (NYSE, TSX: CLS), a global leader in the delivery of end-to-end product lifecycle solutions, today announced that its annual report on form 20-F for the year ended December 31, 2008 has been filed with the United States Securities and Exchange Commission.
The annual report on form 20-F can be accessed on the company's website at http://www.celestica.com/. The form 20-F can also be viewed at http://www.sedar.com/ and the Edgar Filing on http://www.sec.gov.com/.
The company's shareholders are entitled to receive copies of the Form 20-F free of charge. Shareholders can request the document on the Investor Relations page of Celestica's website at http://www.celestica.com/. Shareholders who have already requested copies of Form-20F will receive these documents in the mail.
About Celestica
---------------
Celestica is dedicated to delivering end-to-end product lifecycle solutions to drive our customers' success. Through our simplified global operations network and information technology platform, we are solid partners who deliver informed, flexible solutions that enable our customers to succeed in the markets they serve. Committed to providing a truly differentiated customer experience, our agile and adaptive employees share a proud history of demonstrated expertise and creativity that provides our customers with the ability to overcome any challenge.
For further information on Celestica, visit its website at http://www.celestica.com/.
The company's security filings can also be accessed at http://www.sedar.com/ and http://www.sec.gov/.
Celestica Inc.
CONTACT: Laurie Flanagan, Communications, (416) 448-2200, media@celestica.com; Paul Carpino, Investor Relations, (416) 448-2211, clsir@celestica.com
CIBER and Deluxe to Present at Boston SecureWorld ConferenceDeluxe Engages CIBER to Provide IT Security Operations Services
GREENWOOD VILLAGE, Colo., March 24 /PRNewswire-FirstCall/ -- CIBER, Inc. and Deluxe Corporation today announced that Ed Bassett, CIBER Global Security Practice vice president, and Daniel Ritari, vice president of Enterprise Information Risk Management for Deluxe, will co-present at Boston's SecureWorld Conference at 3 p.m. on March 25, 2009 in the Presentation Theatre.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010927/CBRLOGO)
SecureWorld Expos are security education, training and networking regional conferences, which bring together security leaders, experts, senior executives and policy makers. SecureWorld concentrates on the subjects of information security, physical security, compliance, IT audit, computer forensics, enterprise risk management, business continuity and security management.
CIBER and Deluxe Sign Security Operations Outsourcing Agreement
Deluxe Corporation, a leading provider of checks and small business products and services, recently signed an agreement with CIBER to provide security operations services. The partnership allows Deluxe to focus on business-driving initiatives and leverages CIBER to increase the effective maturity level of the security operation. "Security is a mission-critical function for Deluxe and we selected CIBER as our partner because of their industry-leading security management, their ability to quickly improve service levels and the overall effectiveness of their security program," said Ritari. "CIBER brings a wealth of operational experience as well as a seasoned security consulting practice - and was flexible in meeting the specific service and delivery needs of Deluxe."
"CIBER is excited by the opportunity to take Deluxe's security operations to the next level. Deluxe's customers in the banking sector set a high bar in terms of security expectations. The goal for the CIBER-Deluxe partnership is nothing short of security excellence and CIBER will leverage the exceptional skills of our staff, as well as state-of-the-art technology to deliver on this promise," said Bassett.
About CIBER, Inc.
CIBER, Inc. is a pure-play international system integration consultancy and outsourcing provider with superior value-priced services and reliable delivery for both private and government sector clients. CIBER's services are offered globally on a project- or strategic-staffing basis, in both custom and enterprise resource planning (ERP) package environments, and across all technology platforms, operating systems and infrastructures. Founded in 1974 and headquartered in Greenwood Village, Colo., CIBER now serves client businesses from over 60 U.S. offices, 25 European offices and seven offices in Asia/Pacific. Operating in 18 countries, with more than 8,500 employees and annual revenue of approximately $1.2 billion, CIBER and its IT specialists continuously build and upgrade clients' systems to "competitive advantage status." CIBER is included in the Russell 2000 Index and the S&P Small Cap 600 Index. CIBER, the Reliable Global IT Services Partner. http://www.ciber.com/.
About Deluxe Corporation
Deluxe Corporation, through its industry-leading businesses and brands, helps financial institutions and small businesses better manage, promote, and grow their businesses. The Company uses the Internet, direct marketing, distributors, and a North American sales force to provide a wide range of customized products and services: marketing, Web and design services, personalized printed items (checks, forms, business cards, stationery, greeting cards, labels, and retail packaging supplies), promotional products and merchandising materials, fraud prevention services, and customer retention programs. The Company also sells personalized checks and accessories directly to consumers. For more information about Deluxe, visit http://www.deluxe.com/.
CIBER Forward-Looking and Cautionary Statements
Statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. CIBER undertakes neither intention nor obligation to publicly update or revise any forward-looking statements. CIBER and the CIBER logo are trademarks or registered trademarks of CIBER, Inc. Copyright(C) 2009.
Photo: http://www.newscom.com/cgi-bin/prnh/20010927/CBRLOGO http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
CIBER, Inc.
CONTACT: Media Relations, Robin Caputo, rcaputo@ciber.com, or Investor Relations, Jennifer Matuschek, jmatuschek@ciber.com, both of CIBER, Inc., +1-303-220-0100; or Nicki Gibbs, +1-651-789-2234, ngibbs@beehivepr.biz, for Deluxe Corporation
Web Site: http://www.ciber.com/
Verizon Wireless' Network Prepared for Red River Flooding in North Dakota and Minnesota
FARGO, N.D., March 24 /PRNewswire/ -- Flood stages have been reached in parts of the Red River Valley south of Fargo and weather forecasters predict record flooding to reach the Fargo and Moorhead, Minn., areas by Thursday, March 26. Verizon Wireless' network team has made preparations to its digital network here, ready to deliver reliable wireless coverage and service during the Spring flood season. The company's network crews and emergency response teams - including many veterans from previous flooding situations - are actively working in affected areas.
Verizon Wireless' network team has prepared for and is responding to the flood by:
-- Utilizing a comprehensive emergency response plan, including
activating an Emergency Operations Center (EOC) and performing
disaster drills. Additional staffing has been added for 24/7
monitoring of the network.
-- Adding 25 per cent more capacity to individual cell sites as needed in
areas where consumers are increasing usage of the network.
-- At the Fargo Mobile Telephone Switching Office (MTSO), which processes
all voice and data calls in eastern North Dakota, testing pumps and
hoses and reinforcing the permanent 32" dike built into the facility
with additional sandbagging. In the event of a commercial power
interruption, redundancy is built into the network--the MTSO has a
750-kilowatt generator to sustain commercial power for up to a week
and the facility also has battery backup power for up to eight hours.
-- Each cell site in the path of the flooding has been checked by a
technician, with fuel added to permanent generators which exist at 97
per cent of cell sites in North Dakota. In addition, all individual
cell sites have eight hours of battery backup power in the event of a
commercial power interruption.
-- Have a supply of 2,000 sandbags for additional needs. So far, four
cell sites have been sandbagged, including one near Kindred, which has
been reinforced and now has 1,800 sandbags protecting the cell site.
-- Pre-arranging fuel delivery to mobile units and generators to keep the
network operating at full strength even if power is lost for an
extended period of time.
-- The company has pre-positioned portable cell sites known as Cells on
Wheels (COWS) and a Cells on Light Truck (COLTS), and generators on
trailers (GOaTS) that can be rolled into hard-hit locations or areas
that need extra network capacity.
-- The company has expanded its EV-DO wireless broadband network,
including launching its highest-speed Rev. A network throughout the
state. This allows the most advanced wireless services (downloads,
location-based applications, video messaging, etc.) and makes the
network more reliable for usage by residents and emergency agencies.
"As we've seen in past storm seasons, wireless communication is crucial during an emergency," said Nancy Clark, president--Great Plains Region, Verizon Wireless. "It is important that we implement a comprehensive plan to make sure the network stays strong and calls go through when and where they're needed most."
During the past seven years, Verizon Wireless has spent more than $150 million in North Dakota to strengthen and enhance its wireless network. These kinds of intensive investments and preparations have proven crucial during severe weather events. Verizon Wireless has invested more than $50 billion since it was formed - $5.5 billion on average every year - to expand the coverage and capacity of its premier nationwide network and to add new services.
For more information about Verizon Wireless visit http://www.verizonwireless.com/.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving more than 80 million customers. Headquartered in Basking Ridge, N.J., with more than 85,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, visit http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Karen Smith of Verizon Wireless, +1-763-595-2511, Karen.Smith@VerizonWireless.com
Web Site: http://www.verizonwireless.com/
Anixter and a Panel of Leading Industry Experts Educate Customers on Data Center Best Practices in a Unique Learning Environment
GLENVIEW, Ill., March 24 /PRNewswire-FirstCall/ -- Anixter, a leading global supplier of communications products used to connect video, voice, data and security systems, announced today its lineup of industry experts that will participate in its 2009 Seminar Series: Solving the Data Center Optimization Puzzle. The seminars will bring together leading industry experts from across the country to share best practices and discuss future trends around data center security, infrastructure and sustainability.
An innovative video presentation focusing on data center optimization will be broadcast in movie theaters in 10 cities across the U.S. The seminars will also give attendees a chance to participate in live discussions with industry experts. Speakers from IBM, the Telecommunications Industry Association (TIA), the Institute of Electrical & Electronic Engineers (IEEE) and Security Technology Executive magazine will participate in the live panel. Many industry-leading manufacturers will also be present for networking. Topics covered will be those that are most pressing to contractors, integrators, end-users, architects, consultants and engineers--from sustainability and the green movement to physical security and data center infrastructure.
"As economic times are changing, organizations are looking for ways to save money and ensure their network is running efficiently," said Andy Jimenez, Anixter's Vice President of Technology for Enterprise Cabling Solutions. "These seminars were designed to help give customers some of the tools and best practices to make certain that the nerve center of their organization -- their data center -- is reliable, efficient, secure and sustainable."
When designing a data center, applying industry standards is essential in creating an infrastructure that supports an organization's growing network needs. "Data center bandwidth requirements are escalating to 40 gigabit and 100 gigabit requirements. To account for increased bandwidth needs, a standard around 100 Gigabit Ethernet is currently in development within the IEEE," said Chris DiMinico, a key member of the IEEE and President of MC Communications.
According to Steve Lasky, Editor-in-Chief and Publisher of Security Technology Executive magazine, convergence is an economy of scale that provides a tangible return on investment. "The convergence of physical and logical security affects the data center in several areas. Now that we have video intelligence built into the networks, we are able to audit the breaches that are of a physical nature better, but we are also providing audit trails for people that are manning servers and the administrative positions inside the data center."
According to the EPA, data centers continue to consume a significant amount of the nation's energy supply -- an amount roughly equal to the electricity consumption of approximately 5.8 million U.S. households. The continuing increase in power consumption will dramatically impact business operations, energy utilities and the environment. Anixter's 2009 Seminar Series provides attendees with information to help design and secure an energy efficient data center to reduce power and cooling costs and streamline deployment.
"We're seeing major trends around the whole green movement," said Steve Sams, IBM's Vice President of Site and Facilities Services. "This trend is causing customers to increase their spending. Two thirds of them want to focus their spending on where there is a significant return on their investment. For every dollar we save on energy, we find an equivalent four to six dollars of savings in other operational costs."
Attendees will have the opportunity to interact with leading infrastructure and security manufacturers, and to take advantage of the new theater setting, guests will be treated to a private screening of a current blockbuster movie following the event. Guests will also be given two free movie passes for use at a later date.
Dates include Orange, CA (April 9); Union City, CA (April 16); Atlanta, GA (April 23); Phoenix, AZ (April 30); New York, NY (May 14); Raleigh, NC (May 21); Orlando, FL (June 4); Houston, TX (June 11); Chicago, IL (June 18); and Boston, MA (June 25).
To register for Anixter's 2009 Seminar Series: Solving the Data Center Optimization Puzzle, visit http://www.anixter.com/events or call 1.800.ANIXTER.
About Anixter
Anixter International is a leading global distributor of communications products, electrical and electronic wire and cable, fasteners and other small parts. The company adds value to the distribution process by providing its customers access to 1) innovative inventory management programs; 2) more than 425,000 products and over $1 billion in inventory; 3) 237 warehouses with more than 6.5 million square feet of space; and 4) locations in 271 cities in 52 countries. Founded in 1957 and headquartered near Chicago, Anixter trades on The New York Stock Exchange under the symbol AXE.
Anixter International
CONTACT: Dawn Marks of Anixter International, +1-224-521-8484
Web Site: http://www.anixter.com/
Nilesat and Eutelsat Sign a New Strategic Agreement to Develop the 7 degrees West Video Neighbourhood for the Middle East and North Africa
PARIS, March 24 /PRNewswire-FirstCall/ -- Nilesat, the Egyptian satellite company, and Eutelsat Communications (Euronext Paris: ETL) today announced the signature of a new strategic agreement to pursue the development of the 7 degrees West orbital position which is used by both companies for satellite broadcasting across the Middle East; the Gulf countries and North Africa. This new phase of collaboration between Nilesat and Eutelsat follows the recent successful launch of Eutelsat's HOT BIRD(TM) 10 satellite that will first be commercialised at 7 degrees West under the name ATLANTIC BIRD(TM) 4A.
Eutelsat has been partnering with Nilesat at 7 degrees West since July 2006 when its ATLANTIC BIRD(TM) 4 satellite was copositioned with the Nilesat 101 and Nilesat 102 satellites. This constellation of three satellites at a single neighbourhood currently comprises 39 transponders, which transmit more than 450 television channels to an audience over 38 million homes. The development of the shared neighbourhood will move into a new phase with the commercial entry into service later this month of ATLANTIC BIRD(TM) 4A at 7 degrees West, enabling Nilesat to boost through to 2019 the number of transponders it leases from Eutelsat.
The collaboration between both operators will move into a third phase with the deployment in mid-2010 of the Nilesat 201 satellite procured by Nilesat. This will be followed in 2011 by the arrival of ATLANTIC BIRD(TM) 4R which Eutelsat recently confirmed it will shortly procure.
When the agreement was signed, Amin Bassyouni, CEO of Nilesat, said: "This new strategic agreement comes after a full leveraging of capacity at 7 degrees West to meet the growing demand from Nilesat. We are pleased to conclude this new agreement which shapes for the next decade the mutual partnership and cooperation between Nilesat and Eutelsat. With this achievement and the launch of Nilesat 201, Nilesat and Eutelsat are developing 7 degrees West services and applications."
Giuliano Berretta, Chairman and CEO of Eutelsat Communications, added: "With the deployment of ATLANTIC BIRD(TM) 4A Eutelsat is immediately increasing to 24 from 15 the number of leased transponders at 7 degrees West and thereby demonstrating a strong response to demand for capacity. We are delighted with our continued spirit of close cooperation with Nilesat which is fuelling the development of a fully digital broadcasting environment in the Middle East, the Gulf and North Africa. Our shared aim is to provide the optimal response to customer demand as we jointly consolidate the leading role of the 7 degrees West neighbourhood with the broadest array of regional and international channels."
Olivier Millies-Lacroix, Eutelsat's Commercial Director added: "Dynamic management of our in-orbit resources is a fundamental issue for Eutelsat, enabling us to address our growing community of users. By deploying ATLANTIC BIRD(TM) 4A to 7 degrees West we are immediately increasing our available bandwidth at this position by over 30 per cent. Through dynamic management of the resources on this new satellite and our ATLANTIC BIRD(TM) 2 satellite at the adjacent position of 8 degrees West, we expect shortly to further increase available capacity at 7 degrees West by up to four transponders."
About Nilesat
Nilesat is the Egyptian Satellite Company, operating and controlling the two satellites Nilesat 101 and Nilesat 102, in addition to the capacity on Nilesat 103. Nilesat currently broadcast over 450 TV channels and over 100 Radio channels, gaining the highest viewership within the MENA region. As a continuity of its fleet, Nilesat will launch the newest satellite Nilesat 201 by mid 2010, which will carry new services to the viewers in the coverage area.
About Eutelsat Communications
Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is the holding company of Eutelsat S.A.. With capacity commercialised on 26 satellites that provide coverage over the entire European continent, as well as the Middle East, Africa, India and significant parts of Asia and the Americas, Eutelsat is one of the world's three leading satellite operators in terms of revenues. At 31 December 2008, Eutelsat's satellites were broadcasting more than 3,200 television channels and 1,100 radio stations. Almost 1,100 channels broadcast via its HOT BIRD(TM) video neighbourhood at 13 degrees East which serves over 120 million cable and satellite homes in Europe, the Middle East and North Africa. The Group's satellites also serve a wide range of fixed and mobile telecommunications services, TV contribution markets, corporate networks, and broadband markets for Internet Service Providers and for transport, maritime and in-flight markets. Eutelsat's broadband subsidiary, Skylogic, markets and operates services through its teleport in Italy that serves enterprises, local communities, government agencies and aid organisations in Europe, Africa, Asia and the Americas. Headquartered in Paris, Eutelsat and its subsidiaries employ 591 commercial, technical and operational experts from 27 countries.
http://www.eutelsat.com/
For further information
Press contacts
Vanessa O'Connor
Tel: +33-1-53-98-38-88
voconnor@eutelsat.fr
Frederique Gautier
Tel: +33-1-53-98-38-88
fgautier@eutelsat.fr
Investor relations
Gilles Janvier
Tel: +33-1-53-98-35-30
investors@eutelsat-communications.com
Eutelsat Communications
CONTACT: For further information: Press contacts: Vanessa O'Connor, Tel: +33-1-53-98-38-88, voconnor@eutelsat.fr; Frederique Gautier, Tel: +33-1-53-98-38-88, fgautier@eutelsat.fr; Investor relations, Gilles Janvier, Tel: +33-1-53-98-35-30, investors@eutelsat-communications.com
Next Inning Technology to Publish Updated 'Guide to Undervalued Tech Stocks'
PRINCETON, N.J., March 24 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), an online investment newsletter focused on semiconductor and technology stocks, announced it will soon publish its exclusive, newly updated "Guide to Undervalued Tech Stocks" covering 80 tech stocks including Cisco Systems , Marvell Technology Group , Apple , Qualcomm , and many others.
Throughout this challenging period in the market, Editor Paul McWilliams has helped his subscribers identify uniquely positioned tech sector opportunities. So far in 2009, the Next Inning model portfolio has posted a gain of 25% compared to a -1% decline by the Nasdaq.
By taking a free test drive of Next Inning, you'll receive free copies of the newly updated "Guide to Undervalued Tech Stocks" and supporting reports as they are released. These reports cover 80 technology companies and are chock full of actionable commentary and ratings that identify potential big winners and which stocks investors should avoid. To gain immediate access to the service, visit the following link:
https://www.nextinning.com/subscribe/index.php?refer=prn796
The "Guide to Undervalued Tech Stocks" includes actionable data and commentary:
-- In December, McWilliams called Apple a "Strategic Investment" and said, "What really makes Apple interesting for me is the little P.A. Semi acquisition and where it might take Apple in the netbook market." Has McWilliams' view of Apple changed since then, and what growth opportunities does the company have in the netbook market?
-- Does McWilliams continue to believe, as he wrote in December, that "Wall Street is underestimating Cisco's ability to scale its operating structure and, with that, generate higher than expected profits off a lower revenue base during the coming year?"
-- McWilliams rated Marvell as a "Speculative Investment" in December in his "Guide to Undervalued Tech Stocks." With the stock now 25% higher, has he changed his outlook?
-- Does McWilliams continue to view Qualcomm as "the only handset chip vendor that merits consideration as a strategic investment?" What impact will China's 3G wireless spending plans have on Qualcomm?
Founded in September 2002, Next Inning's model portfolio has returned 163% since its inception versus 18% for the Nasdaq.
About Next Inning:
Next Inning is a subscription-based investment newsletter that provides regular coverage on more than 150 technology and semiconductor stocks. Subscribers receive intra-day analysis, commentary and recommendations, as well as access to monthly semiconductor sales analysis, regular Special Reports, and the Next Inning model portfolio. Editor Paul McWilliams is a 20+-year semiconductor industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcia Martin, Next Inning Technology Research, +1-888-278-5515
Indie Research Advisors, LLC
CONTACT: Marcia Martin, of Next Inning Technology Research, +1-888-278-5515
Web Site: http://www.nextinning.com/
Nilesat et Eutelsat signent un nouvel accord strategique pour developper la position 7degrees ouest pour la telediffusion sur le Moyen-Orient et l'Afrique du nord
PARIS, March 24 /PRNewswire/ -- L'opérateur national égyptien Nilesat et Eutelsat
Communications (Euronext Paris : ETL) ont annoncé aujourd'hui la signature
d'un nouvel accord stratégique visant à poursuivre le développement de la
position orbitale 7degrees Ouest exploitée par les deux sociétés pour la
diffusion satellitaire sur tout le Moyen-Orient, les pays du Golfe et
l'Afrique du Nord. Cette nouvelle phase de collaboration entre Nilesat et
Eutelsat fait suite au récent lancement du satellite HOT BIRD(TM) 10
d'Eutelsat qui sera commercialisé d'abord à 7degrees Ouest sous le label
ATLANTIC BIRD(TM) 4A.
Le partenariat entre les deux opérateurs à 7degrees Ouest a
été initié en juillet 2006 avec la colocalisation du satellite ATLANTIC
BIRD(TM) 4 d'Eutelsat et des deux satellites égyptiens, Nilesat 101 et
Nilesat 102. Cette constellation de trois satellites à une même position
orbitale regroupe actuellement 39 répéteurs qui transportent plus de 450
chaînes de télévision vers une audience de 38 millions de foyers. Le
développement de cette position entrera dans une nouvelle phase avec la mise
en service commercial d'ATLANTIC BIRD(TM) 4A à la fin du mois, permettant à
Nilesat d'augmenter jusqu'en 2019 le nombre de répéteurs qu'il loue auprès
d'Eutelsat.
Ce partenariat entrera alors dans une troisième phase avec le
déploiement mi-2010 du satellite Nilesat 201 commandé par l'opérateur
égyptien, qui sera suivi en 2011 par l'arrivée d'ATLANTIC BIRD(TM) 4R, dont
Eutelsat est en train de finaliser la commande.
Lors de la signature de cet accord, Amin Bassyouni, Directeur
général de Nilesat, a déclaré : <>
Giuliano Berretta, Président-directeur général d'Eutelsat
Communications, a indiqué : << Avec le déploiement d'ATLANTIC BIRD(TM) 4A,
Eutelsat porte immédiatement de 15 à 24 le nombre de répéteurs loués à
7degrees Ouest, démontrant ainsi son aptitude à répondre à la forte demande
de capacité. Nous nous félicitons de l'esprit d'étroite collaboration
instauré avec Nilesat qui facilite le développement d'un environnement de
diffusion entièrement numérique au Moyen-Orient, dans les pays du Golfe et en
Afrique du Nord. Nous partageons le même objectif de répondre au mieux à la
demande de nos clients et de consolider ensemble la place de premier plan de
la position orbitale 7degrees Ouest, en offrant à la région le plus large
éventail de chaînes de télévision régionales et internationales. >>
Olivier Milliès-Lacroix, Directeur commercial d'Eutelsat, a
ajouté : <>
A propos de Nilesat
Nilesat est l'opérateur national égyptien de satellites qui
exploite et gère les deux satellites Nilesat 101 et Nilesat 102, en plus de
la capacité de Nilesat 103. L'opérateur diffuse actuellement plus de 450
chaînes de télévision et une centaine de stations de radio, enregistrant la
plus forte audience dans la région MENA (Moyen-Orient et Afrique du Nord).
Pour assurer la continuité de sa flotte, Nilesat lancera mi-2010 le tout
nouveau satellite Nilesat 201 qui transportera de nouveaux services
télévisuels pour les téléspectateurs situés dans la zone de couverture.
A propos d'Eutelsat Communications
Eutelsat Communications (Euronext Paris : ETL, code ISIN : FR0010221234)
est la société holding d'Eutelsat S.A. Avec des ressources en orbite sur 26
satellites offrant une couverture sur toute l'Europe, le Moyen-Orient,
l'Afrique et l'Inde, et sur de larges zones de l'Asie et du continent
américain, Eutelsat est l'un des trois premiers opérateurs mondiaux de
satellites en terme de chiffre d'affaires. Au 31 décembre 2008, la flotte des
satellites d'Eutelsat assure la diffusion de plus de 3 200 chaînes de
télévision et 1 100 stations de radio. Plus de 1 100 programmes de télévision
sont diffusés par les satellites HOT BIRD(TM) à la position orbitale
13degrees Est vers une audience de plus de 120 millions de foyers en Europe,
Moyen-Orient et Afrique du Nord. La flotte d'Eutelsat sert également une
large gamme de services fixes et mobiles de télécommunication et de diffusion
de données pour les réseaux vidéo professionnels et les réseaux d'entreprise,
ainsi qu'un portefeuille d'applications de services haut débit pour les
fournisseurs d'accès Internet, les collectivités locales ainsi que pour les
transports routiers, maritimes et aériens. Filiale d'Eutelsat dédiée à
l'exploitation de services IP sur les téléports d'Eutelsat en France et en
Italie, Skylogic commercialise ses services en Europe, en Afrique, en Asie et
sur le continent américain. Eutelsat, dont le siège est à Paris, regroupe
près de 591 hommes et femmes issus de 27 pays.
http://www.eutelsat.com
Pour plus d'information
Contacts Presse :
Vanessa O'Connor
Tél.: +33-1-53-98-38-88
voconnor@eutelsat.fr
Frédérique Gautier
Tél.: +33-1-53-98-38-88
fgautier@eutelsat.fr
Relations investisseurs
Gilles Janvier
Tél.: +33-1-53-98-35-30
investors@eutelsat-communications.com
Eutelsat Communications
Pour plus d'information, Contacts Presse :, Vanessa O'Connor, Tél.: +33-1-53-98-38-88, voconnor@eutelsat.fr; Frédérique Gautier, Tél.: +33-1-53-98-38-88, fgautier@eutelsat.fr; Relations investisseurs, Gilles Janvier, Tél.: +33-1-53-98-35-30, investors@eutelsat-communications.com
Tyco Electronics To Report Fiscal Second Quarter Results on April 29, 2009
PEMBROKE, Bermuda, March 24 /PRNewswire-FirstCall/ -- Tyco Electronics Ltd. will report fiscal second quarter results before trading begins on Wednesday, April 29, 2009. The company will hold a conference call for investors at 8:30 a.m. EDT. The call can be accessed in the following ways:
-- At Tyco Electronics' website: http://investors.tycoelectronics.com/.
-- By telephone: For both "listen-only" participants and those
participants who wish to take part in the question-and-answer portion
of the call, the telephone dial-in number in the United States is
(800) 230-1074. The telephone dial-in number for participants outside
the United States is (612) 332-0228.
-- An audio replay of the conference call will be available beginning at
10:30 a.m. on April 29, 2009 and ending at 11:59 p.m. on May 6, 2009.
The dial-in number for participants in the United States is (800)
475-6701. For participants outside the United States, the replay
dial-in number is (320) 365-3844. The replay access code for all
callers is 992567.
ABOUT TYCO ELECTRONICS
Tyco Electronics Ltd. is a leading global provider of engineered electronic components, network solutions, undersea telecommunication systems and wireless systems, with fiscal 2008 sales of US$14.8 billion to customers in more than 150 countries. We design, manufacture and market products for customers in industries from automotive, appliance and aerospace and defense to telecommunications, computers and consumer electronics. With nearly 8,000 engineers and worldwide manufacturing, sales and customer service capabilities, Tyco Electronics' commitment is our customers' advantage. More information on Tyco Electronics can be found at http://www.tycoelectronics.com/.
Tyco Electronics Ltd.
CONTACT: Media Relations: Sheri Woodruff, Office, +1-610-893-9555, or mobile, +1-609-933-9243, swoodruff@tycoelectronics.com, or Investor Relations: John Roselli, +1-610-893-9559, john.roselli@tycoelectronics.com, or Keith Kolstrom, +1-610-893-9551, keith.kolstrom@tycoelectronics.com, all of Tyco Electronics Ltd.
Web Site: http://www.tycoelectronics.com/
RCA Doubles Use of SRS TruSurround XT in 2009 LCD HDTVs10 RCA LCD HDTV Models Equipped to Provide an Amazing Surround Sound Experience Over Two Stereo Speakers
SANTA ANA, Calif., March 24 /PRNewswire-FirstCall/ -- SRS Labs , the industry leader in surround sound, audio, and voice technologies, announced today that TTE Technology, Inc., manufacturer of RCA Televisions, has doubled its use of SRS TruSurround XT(R), which produces a surround sound experience over two built-in stereo speakers, now totaling 10 RCA flat panel LCD HDTV models during 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070322/LATH036LOGO)
"RCA is a highly respected TV brand with a lasting heritage of innovation, as RCA LCD HDTVs today are known to provide users with great picture quality and performance," said Allen H. Gharapetian, Vice President of Marketing for SRS Labs. "During 2009, even more RCA customers will have the chance to enjoy the comprehensive and remarkable multimedia experience that's made possible with SRS TruSurround XT and we welcome the opportunity to continually build upon our strong partnership with TTE to bring even greater value to RCA LCD customers."
SRS' patented, feature rich TruSurround XT solution processes multichannel content to create a compelling surround sound experience over a television's two built-in stereo speakers. As a result, users will sense that "phantom" speakers extend all around them to produce an amazing and natural surround sound effect, complete with deep bass - all without the clutter of extra wires or speakers placed around the room. When receiving mono or stereo content, SRS TruSurround XT creates an immersive 3D wall of sound that moves well past the physical width of the TV. Dialog quality is also improved as this technology lifts the spoken word above the chaos of sound effects and background music so that it's clear and distinct.
The RCA 37 series, 38 series and 380 series featuring SRS TruSurround XT are immediately available, while the RCA 41 and 48 series' will be available in the spring, reaffirming SRS' position as the de facto standard for FPTV audio. Within these series collectively, 10 LCD flat panel HDTV models will be available in 2009, with screen sizes including 40-inch, 42-inch, 46-inch and 52-inch.
"Our long-standing relationship with SRS Labs has proven that sound matters a great deal in terms of providing the best possible multimedia experience to our customers," said Rich Dinsmore, Executive Vice President for TTE's North American Business Center. "The RCA brand is aimed at providing tremendous value and performance while maintaining top quality--SRS Labs helps us accomplish that."
SRS-equipped RCA LCD HDTVs will be available at retail locations and e-commerce sites throughout the U.S. and Canada, such as Walmart, Walmart.com, Target.com, K-mart, The Brick, Canadian Tire and Loblaws.
SRS Labs is running a sweepstakes to give away three RCA HDTVs featuring the SRS TruSurround XT suite. The sweepstakes will take place March 23 - April 20, 2009. To enter for your chance to win, please visit http://www.srslabs.com/TVsweeps.
About SRS Labs, Inc.
Founded in 1993, SRS Labs is the industry leader in audio signal processing for consumer electronics. Beginning with the audio technologies originally developed at Hughes Aircraft, SRS Labs holds over 150 worldwide patents and is recognized by the industry as the foremost authority in research and application of human auditory principles. Through partnerships with leading global CE companies, semiconductor manufacturers and software partners, SRS audio, surround sound and voice processing technologies have been included in over one billion electronic products sold worldwide including HDTVs, mobile phones, portable media devices, PCs and automotive entertainment. In fact, SRS Labs is the de-facto standard of HDTV audio processing with nine of the top ten name brand flat panel TVs featuring SRS technology. Additionally, SRS Labs surround sound solutions provide the professional broadcast and recording industries with high-performance production, back-haul, storage, and transmission capability. SRS Labs supports manufacturers worldwide with offices in the U.S., China, Europe, Japan, Korea and Taiwan. For more information, visit http://www.srslabs.com/.
About TTE Corporation
A wholly-owned subsidiary of TCL Multimedia Technology Holdings Limited ("TCL Multimedia" or "the Group", stock code: 1070.HK), TTE Corporation is committed to the development, manufacturing, sales and marketing of world class digital television products, and employs a highly-skilled workforce in regionalized business and R&D centers, with manufacturing plants throughout the world. Marketed in North America, Asia, and Europe under the "RCA and RCA Scenium", "TCL", and "Thomson" brands respectively, TTE provides consumers with a wide range of television options - from budget to premium, from basic features to high-end innovation.
Except for historical information contained in this release, statements in this release, including those by Mr. Gharapetian, may constitute forward-looking statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events that are based on management's belief, as well as assumptions made by, and information currently available to, management. While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that the Company's goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect the Company's actual results and may cause results to differ materially from those expressed in forward-looking statements made by or on behalf of the Company. Some of these factors include the acceptance of new SRS Labs' products and technologies, the impact of competitive products and pricing, the timely development and release of technologies by the Company, general business and economic conditions, especially in Asia, and other factors detailed in the Company's Form 10-K and other periodic reports filed with the SEC. SRS Labs specifically disclaims any obligation to update or revise any forward-looking statement whether as a result of new information, future developments or otherwise.
SRS Labs, Inc. Contact: Investor Relations Contact:
Michael Bingham, PR Manager Matt Glover, Liolios Group, Inc.
949-442-5582 949-574-3860
michaelb@srslabs.com info@liolios.com
Twitter: @SRSLabs
Photo: http://www.newscom.com/cgi-bin/prnh/20070322/LATH036LOGO http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
SRS Labs, Inc.
CONTACT: Michael Bingham, PR Manager of SRS Labs, Inc., +1-949-442-5582, michaelb@srslabs.com; or Investors, Matt Glover or Liolios Group, Inc., +1-949-574-3860, info@liolios.com, for SRS Labs, Inc.
Web Site: http://www.srslabs.com/
Westwood One Announces Cost Reduction Measures
NEW YORK, March 24 /PRNewswire-FirstCall/ -- Westwood One, Inc. (OTC Bulletin Board: WWON) today announced two cost control measures to better align expenses with revenue. As previously disclosed, Westwood One is in the midst of a broad turnaround plan designed to strengthen its financial position and long-term business performance. The plan includes previously announced steps to refinance the Company's debt, launch new, high-profile network programming, and utilize technology in the traffic business to increase competitive differentiation and to reduce operating costs. As an integral part of this turnaround plan, the Company is introducing a salary reduction program for all employees and streamlining staffing levels in certain areas of operation. Adjustments to compensation will be based on a sliding scale and determined by an employee's compensation level. Senior management will incur the highest percent decrease in base salary, with a reduction of 15%.
"Our turnaround plan calls for reducing operating expenses so that we can emerge from these difficult economic times a stronger Company that is better positioned for future growth," said Westwood One President and CFO Rod Sherwood. "This is an ongoing process, and we are asking every member of the Company, from senior management to staff employees to share in this effort to help improve the Company's performance over the long term. We appreciate the many contributions our employees, unions and partners have made and continue to make to Westwood One. Once we have aligned our cost structure with our revenue trajectory, we will have strengthened the financial health of the Company and better positioned the Company for future success," he concluded.
Under the turnaround initiative, Westwood One has made significant progress by securing an agreement in principle with its lenders to refinance the Company's debt, and signing agreements for high-profile programming such as the NFL, Masters Tournament and The Fred Thompson Show. Other strategic measures the Company is presently undertaking include:
-- Implementing technology-based traffic information systems to enhance
Metro Traffic's industry leading traffic reports and reduce aviation
costs;
-- Introducing performance-based accountability measures on station
compensation and addressing unprofitable and low margin programs; and
-- Continuing its previously announced re-engineering of Metro Traffic
and other cost savings initiatives, which together with the measures
described above, are collectively anticipated to result in total
annual savings of approximately $55-$63 million.
About Westwood One
Westwood One (BULLETIN BOARD: WWON) is the largest independent provider of network radio programming and the largest provider of traffic information in the U.S. Westwood One serves more than 5,000 radio and TV stations in the U.S. Westwood One provides over 150 news, sports, music, talk and entertainment programs, features and live events to numerous media partners. Through its Metro Traffic division, Westwood One provides traffic reporting and local news, sports and weather to over 2,200 radio and TV stations. Westwood One also provides digital and other cross-platform delivery of its network and Metro content.
Certain statements in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Westwood One to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The words or phrases "guidance," "expect," "anticipate," "estimates" and "forecast" and similar words or expressions are intended to identify such forward-looking statements. In addition any statements that refer to expectations or other characterizations of future events or circumstances are forward-looking statements. Various risks that could cause future results to differ from those expressed by the forward-looking statements included in this news announcement include, but are not limited to: our ability to negotiate and execute definitive documentation of the transactions contemplated by the refinancing and infusion of additional capital; our ability to continue as a going concern; and obtaining requisite approval by Westwood One's Board of Directors and antitrust regulatory authorities for the transactions contemplated by the infusion of additional capital. Other key risks are described in Westwood One's reports filed with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Except as otherwise stated in this news announcement, Westwood One does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.
Westwood One, Inc.
CONTACT: Peter Sessa, Westwood One, +1-212-641-2053, peter_sessa@westwoodone.com
Web Site: http://www.westwoodone.com/
Quantum Selects Anacomp for Backup, Recovery and Archive Product MaintenanceAnacomp to Service Quantum Customers Throughout the U.S.
SAN DIEGO, March 24 /PRNewswire/ -- Anacomp(R) Inc., a leading business process solutions company, today announced that it has signed a three year field service maintenance agreement with Quantum Corporation, a leading global specialist in backup, recovery and archive solutions. Under the terms of the agreement, Anacomp will provide on-site maintenance and support services for Quantum customers throughout the United States. Anacomp previously provided support for products of Quantum and ADIC, a manufacturer acquired by Quantum, across Europe for many years.
Per the agreement, Anacomp will supply a variety of services, including 24X7 call center, hardware replacement, installation and configuration for Quantum backup, recovery and archive solutions. Leveraging Anacomp's abilities through this independent service provider model will allow Quantum to utilize Anacomp's proven, world-class services expertise and concentrate on its core business competencies.
"We're pleased to leverage Anacomp's service delivery and call center management expertise in the backup and archiving arena," said David J. Young, Quantum Corporation's Global Manager of Third Party Maintainers. "We've been impressed with Anacomp's legacy of quality service and dedication to customer satisfaction, which ensure our customers the highest levels of success with our solutions."
"We look forward to serving Quantum on this contract. Their selection of Anacomp for this services agreement verifies our strong market presence, extensive expertise and skilled field personnel, and allows us leverage our services infrastructure in which we have made significant investment," said Art DiScipio, Senior Vice President and General Manager of Anacomp's Multi-Vendor Services (MVS) Global Operations. "Quantum's selection of Anacomp provides further verification that outsourcing product maintenance services to us is a model that makes sense for backup, recovery and archive solution providers of all sizes."
Anacomp's Multi-Vendor Services are a powerful resource to empower companies to keep their business-critical systems up and running. MVS is managed and operated by service professionals that possess a strong sense of commitment to quality, responsiveness and customer success. As such, Anacomp understands the importance of its customers to utilize the right service provider; one that not only has the resources, expertise and infrastructure to meet their requirements but is also committed to tailoring those resources to fit customers' specific needs. By providing customers with a single-source solution through extensive core service offerings, Anacomp provides efficiency, cost savings, speed and flexibility - 24 hours a day, seven days a week - equating to the highest levels of end user satisfaction.
In addition to its renowned, independent Multi-Vendor Services, Anacomp leverages its world-class docHarbor(R) information infrastructure made up of multiple robust, reliable and secure data centers to provide document, data and business process management services and solutions. The company captures and hosts billions of documents while meeting the most stringent security and availability requirements for enterprise and government customers across the globe.
About Anacomp
With 40 years of experience and a passionate commitment to client services, Anacomp partners with its customers to help them realize the full potential of their business processes at the lowest total cost of ownership. Possessing one of the world's largest online document repositories as well as a large, independent field services organization, Anacomp's offerings serve hundreds of original equipment manufacturing (OEM) partners and thousands of end users in legal, insurance, financial services, government and other markets. For more information, visit http://www.anacomp.com/ or call (800) 364-9870.
Anacomp and docHarbor are registered trademarks of Anacomp, Inc. All other trademarks, services marks, company names are properties of their respective owners.
Anacomp Inc.
CONTACT: Rob Jensen, Senior Director of Marketing of Anacomp Inc., +1-858-716-3549, rob.jensen@anacomp.com
Web Site: http://www.anacomp.com/
Next Inning Technology To Publish Updated Guide to Undervalued Tech Stocks Identifying Possible Acquisition Targets
PRINCETON, N.J., March 24 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), a subscription service focused on semiconductor and technology stocks, announced it will soon publish its exclusive, newly updated "Guide to Undervalued Tech Stocks" covering 80 tech stocks including Oracle , Cisco Systems , IBM , Sun Microsystems , Extreme Networks , SanDisk and many others.
Throughout this challenging period in the market, Editor Paul McWilliams has helped his subscribers identify uniquely positioned tech sector opportunities. So far in 2009, the Next Inning model portfolio has posted a gain of 25% compared to a -1% decline by the Nasdaq.
By taking a free test drive of Next Inning, you'll receive free copies of the newly updated "Guide to Undervalued Tech Stocks" and supporting reports as they are released. These reports cover nearly 100 technology companies and are chock full of charts and ratings that identify potential big winners and which stocks investors should avoid. To accept this offer, visit the following link:
https://www.nextinning.com/subscribe/index.php?refer=prn796
In McWilliams' December 17th "Guide to Undervalued Tech Stocks," McWilliams told subscribers that Sun could see a 50% jump from its then price of $4 based on a balance sheet analysis. Thanks to speculation that IBM may buy Sun, the stock has in fact doubled since McWilliams' call to buy.
The newly updated "Guide to Undervalued Tech Stocks" to be released this week offers potential new winners:
-- What are some other tech stocks that have a similar profile to what
Sun offered in December? What tech companies may follow Sun
Microsystems as the next acquisition targets?
-- Which of the 85 tech stocks McWilliams covers does he classify as
speculative, strategic or avoid? What are the individual potential
upside catalysts and downside risks for each company?
-- The newly updated "Guide to Undervalued Tech Stocks"
Founded in September 2002, Next Inning's model portfolio has returned 147% since its inception versus 13% for the Nasdaq.
About Next Inning:
Next Inning is a subscription financial newsletter focused on technology stocks. Editor Paul McWilliams is a 20+-year semiconductor industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcia Martin, Next Inning Technology Research, +1-888-278-5515
Indie Research Advisors, LLC
CONTACT: Marcia Martin, for Indie Research Advisors, LLC, +1-888-278-5515
Web Site: http://www.findprofit.com/ http://www.nextinning.com/
136 Publicis Key Executives Invest Strongly in the "Groupe"
PARIS, March 24 /PRNewswire-FirstCall/ -- The co-investment program proposed to Publicis Groupe key executives around the world has been successfully completed. An independent structure (LionLead) has been created to handle the participants' personal capital contributions. Between March 9 and 17, 2009, LionLead acquired 1,772,152 Publicis Groupe shares for 35 million euros at an average price of 19.75 euros per share, representing a total of 0.9% of the company's share capital.
The executives who subscribed for the co-investment program did not receive any financing or guarantee from Publicis Groupe for their investments. The operation was financed by the participants' personal share contributions as well as direct borrowing from a financial institution.
These operations fall within the framework of the co-investment program approved by the Supervisory Board, announced on March 11, 2009. Under this program, the investor-executives will receive free shares rewarding loyalty and may also receive performance-related free shares based on Publicis Groupe's organic growth and operating margin, when compared with that of its peers over a three-year period.
Concerning the members of the Management Board, the free share allocation will be in compliance with the AFEP/MEDEF recommendations of October 2008. These free shares will only be awarded based on the Groupe's organic growth and operating margin performance by comparison with its peers.
Maurice Levy, Chairman and CEO of Publicis Groupe declared, "Our Groupe has just completed two operations aimed at more closely associating all of our employees. The first program concerns the Groupe's decision to issue 50 free shares to all staff around the world (to be implemented in France before this summer and to be progressively implemented in other countries over the next two years). The second program offers the Groupe's key executives the option of personally and directly investing in the Groupe. All key executives who will be investing will participate in a retention program (free shares offered after three years presence) and an incentive program based on the Groupe's outperformance of the market on two criteria : organic growth and operating margin over a long-term period (three years). In this deteriorating economic context, these decisions clearly illustrate the commitment of the key executives to the Groupe and that of the Groupe toward all its employees."
About Publicis Groupe
Publicis Groupe [Euronext Paris: FR0000130577] is the world's fourth largest communications group. In addition, it is ranked as the world's second largest media agency, and is a global leader in digital and healthcare communications. With activities spanning 104 countries on five continents, the Groupe employs approximately 45,000 professionals. Publicis Groupe offers local and international clients a complete range of advertising services through three global advertising networks, Leo Burnett, Publicis, Saatchi & Saatchi and two multi-hub networks, Fallon and 49%-owned Bartle Bogle Hegarty. Media consultancy and buying agency is offered through two worldwide networks, Starcom MediaVest Group and ZenithOptimedia; and interactive and digital marketing led by Digitas. Publicis Groupe recently launched VivaKi to leverage the combined scale of the autonomous operations of Digitas, Starcom MediaVest Group, Denuo and ZenithOptimedia to develop new services, tools, and next generation digital platforms. Publicis Groupe's Specialized Agencies and Marketing Services offer healthcare communications, corporate and financial communications, sustainability communications, shopper marketing, public relations, CRM and direct marketing, event and sports marketing, and multicultural communications.
Web site: http://www.publicisgroupe.com/
Publicis Groupe Services
CONTACT: Contacts: Peggy Nahmany, Corporate Communication +33(0)1-44-43-72-83; Martine Hue, Investor Relations +33(0)1-44-43-65-00.
Image Sensing Systems Ranked by Top Newspaper Among Leading Minnesota Companies
ST. PAUL, Minn., March 24 /PRNewswire-FirstCall/ -- Image Sensing Systems, Inc. , was named this week by the St. Paul Pioneer Press as one of the top 100 public companies in Minnesota, ranking in the top ten for net income and revenue growth. The venerable daily newspaper ranked the company 81st out of 100 leading companies based on market value, leaping 12 places over last year's mark. The rankings were compiled by the St. Paul Pioneer Press, one of the Twin Cities 2 major daily newspapers, and released March 22 on twincities.com and in the St. Paul Pioneer Press.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050512/CGISSLOGO)
Recently, ISS reported the seventh consecutive year of record financial results; including a fourth quarter of 2008 with revenue and earnings the highest ever in the company's history. ISS' detection technologies extend the life and enhance the value of the transportation infrastructure by making it smarter, efficient and responsive to real-time traffic. As communities continue to be plagued by high traffic congestion, transportation managers are seeking modern, cost effective and low maintenance solutions to improve traffic flow and safety. "We're turning the world green, one traffic light at a time," stated Kenneth S. Shain, VP Sales and Marketing for the company.
ISS was founded in 1984 and introduced the world's first commercial video vehicle detection product in 1991. After carving out a unique niche in the Intelligent Transportation Systems (ITS) industry, the company went public in 1995. ISS has resisted the recent market undertow, reporting healthy financial results while it continues to create economic value and maintain its leadership role in pioneering new technologies aimed at reducing congestion and traffic's environmental impact.
About Image Sensing Systems, Inc.
Image Sensing Systems, Inc. is a technology company focused in infrastructure productivity improvement through the development of software-based detection solutions for the Intelligent Transportation Systems (ITS) sector and adjacent overlapping markets. ISS' industry leading computer-enabled detection (CED) products, including the Autoscope(R) machine-vision family and the RTMS(R) radar family, combine embedded software signal processing with sophisticated sensing technologies for use in transportation, environmental and safety/surveillance management. CED is a group of technologies in which software, rather than humans, examines the outputs of complex sensors to determine what is happening in the field of view in real-time. With more than 90,000 instances sold in over 60 countries worldwide, our depth of experience coupled with breadth of product portfolio uniquely positions us to provide powerful hybrid technology solutions and to exploit the convergence of the traffic, security and environmental management markets. We are headquartered in St. Paul, Minnesota. Visit us on the web at imagesensing.com.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050512/CGISSLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
Image Sensing Systems, Inc.
CONTACT: Kenneth S. Shain, VP Sales and Marketing of Image Sensing Systems, Inc., +1-651-603-7700
Web Site: http://www.imagesensing.com/
Shockwave.com Introduces New Premium Online Gaming Service - Club ShockwaveNew Service Provides Exclusive Access to Hundreds of Online Games, Puzzles and Cash Prizes
SAN FRANCISCO, March 24 /PRNewswire/ -- Shockwave.com, a unit of the Nickelodeon Kids and Family Games Group, today launches Club Shockwave -- an all-new premium online gaming service for adults. The new subscription-based service will offer members access to hundreds of exclusive skill games and puzzles and the chance to win cash prizes and to accumulate rewards for time spent online. Club Shockwave is available to the public beginning today for as little as $29.95 per year -- less than $2.50 per month.
"There has been explosive growth in online casual gaming in the past couple of years and people want to connect and be rewarded for the time they spend playing games," said Dave Williams, Senior Vice President and General Manager, Nickelodeon Kids and Family Games Group. "Club Shockwave provides extremely high production value games as well as real-world and virtual prizes, and allows users to share their experiences with friends, family and other casual game enthusiasts."
Club Shockwave members have unfettered access to online (browser-based) games of skill in a full range of categories including: classic board games, as well as puzzle, word, and strategy games. The service initially launches with 12 exclusive skill games and hundreds of exclusive puzzles. Users have the chance to win daily cash prizes up to $4,999, and one could win an annual grand prize of $25,000*. Additionally, the site offers extensive community features, and other rewards -- including tokens and trophies. Club Shockwave complements Shockwave UNLIMITED, which focuses on offering members access to premium downloadable games. All Shockwave UNLIMITED members will automatically have access to all Club Shockwave games of skill and features.
The launch of Club Shockwave coincides with a new stylized look for Shockwave.com(TM), the world's original casual online gaming site, which enlivens the popular gaming destination for its more than 14 million monthly visitors (source: Omniture SiteCatalyst 2008). Featuring a refreshed look, Shockwave.com is now more personalized and social -- with ratings and reviews, membership and personal profiles.
"comScore says that today, 86 million Americans visit online gaming sites compared to 67 million in December 2007," added Williams. "The Club Shockwave launch, combined with the overall Shockwave.com redesign, is a powerful one-two punch that allows us to tap into this growing audience of gamers."
Key Club Shockwave Features Include:
-- Hundreds of Games: More than 400 online games, including a dozen
Club-exclusive token-generating games and hundreds of puzzles, are
available to Club Shockwave members. Categories include: new twists on
classic board games, as well as puzzle, word, and strategy games.
Progression, replay-ability, and accomplishments are integral to the
Club Shockwave experience and are built into each game.
-- Large Cash Prizes: Games have a chance to win up to $4,999 in daily
prizes and an annual $25,000 cash jackpot.
-- Awards and Achievements: Club Shockwave rewards members just for
playing. Tokens are earned every time a member plays Club Shockwave
games and can be exchanged for sweepstakes entries and instant-win
scratcher games. Accomplishments within each game will also be
rewarded with one of hundreds of different collectible virtual
trophies, stored in a personal trophy case. The progressive nature of
the Club Shockwave games offers users the chance to grow their skills
and earn more rewards over time. New games and challenges will be
introduced to Club Shockwave on an ongoing basis.
-- Community Features: Personal member profiles, Shockwave Game Face
(talking, animated avatars), chat features, friend lists, favorite
games, game reviews, and high scores are among the features that
connect each Club Shockwave member to the broader Shockwave community.
Shockwave.com, the original casual gaming destination, is the world's leading destination for online games, and serves the best in free interactive entertainment since 1998. Shockwave has a library of more than 400 games including action-packed arcade-style games, jigsaws and puzzle games, multiplayer games, downloadable games and more.
Shockwave is part of Nickelodeon Kids and Family Group's digital portfolio, which serves kids, tweens, teens, and parents, and focuses on the activities its audiences participate in most online: gaming, social networking and community and video. According to comScore (February 2009), Nickelodeon Kids and Family digital ranks as number one for total visits, page views longest time spent per visitor. The Nickelodeon Kids and Family Games Group is a division of Viacom Inc.'s MTV Networks.
Nickelodeon, now in its 30th year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The company includes television programming and production in the United States and around the world, plus consumer products, online, recreation, books, magazines and feature films. Nickelodeon's U.S. television network is seen in more than 98 million households and has been the number-one-rated basic cable network for 14 consecutive years. For more information or artwork, visit http://www.nickpress.com/. Nickelodeon and all related titles, characters and logos are trademarks of Viacom Inc. .
*For full details and method of entry, visit Shockwave.com.
Nickelodeon Kids and Family Group / Shockwave
CONTACT: Joanna Roses for Nickelodeon Kids and Family Group, +1-212-846-7326, joanna.roses@nick.com
Web Site: http://www.shockwave.com/
tw telecom Extends Portland Area Network Into Tualatin and Lake Oswego Business Districts- Network extension provides easier access to more than 1000 additional businesses- Body Imaging Radiology and Pacific Breast Center to access tw telecom's local and national network
PORTLAND, Ore., March 24 /PRNewswire-FirstCall/ -- tw telecom, , a leading provider of managed voice, Internet and data networking solutions for businesses, today announced the extension of its existing network into Tualatin and Lake Oswego, including the Kruse Way business district. This extension allows more than 1000 businesses along the south I-5 corridor easier access to tw telecom's more than 250-mile Portland-area network as well as the company's nearly 27,000 fiber route-mile national network.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080626/LATH527LOGO)
"When our connection to tw telecom's network is complete, our new Pacific Breast Center in Lake Oswego will have instant access to our Beaverton location and our healthcare partners throughout Portland," said Scot Robinson, IT Director for Body Imaging Radiology and Pacific Breast Center in Lake Owego. "Everyday our doctors read hundreds of medical images that we create, or are sent to us by our healthcare partners, so a reliable and high-capacity network is critical in supporting referring physicians and patients. Body Imaging Radiology and Pacific Breast Center's mission is to support our customers as efficiently and quickly as possible."
Body Imaging Radiology and Pacific Breast Center contracted for a 100 Mbps Ethernet transport connection and Ethernet Internet services (EIS).
Body Imaging Radiology and Pacific Breast Center are two of the many healthcare providers that tw telecom serves throughout the Portland area over its 10 Gbps Ethernet-based metro fiber network designed to securely transport critical data, Internet and voice traffic. Businesses, healthcare providers and educational institutions will benefit from tw telecom's investment in its Portland infrastructure that makes scalable, flexible and efficient communications solutions much more accessible.
"We continue to see significant customer growth throughout the Portland area," said Jon Nicholson, vice president and general manager for tw telecom in Portland. "We transport hundreds of gigabits of customer sensitive data every second, while enabling them to securely and efficiently meet their business objectives. This investment in the Portland network gives customers in Lake Oswego and Tualatin a premium alternative for communications services that will help them increase their capabilities, while at the same time reduce their overall communications expense."
About tw telecom
tw telecom holdings inc., a unit of tw telecom inc., headquartered in Littleton, Colo., provides managed network services, specializing in Ethernet and transport data networking, Internet access, local and long distance voice, VoIP, VPN and security, to enterprise organizations and communications services companies throughout the U.S. As a leading provider of integrated and converged network solutions, tw telecom delivers customers overall economic value, quality, service, and improved business productivity. Please visit http://www.twtelecom.com/ for more information.
About Body Imaging Radiology and Pacific Breast Center
Body Imaging Radiology has served the Portland Metro, Beaverton, Hillsboro, and outlying communities since 1978. The goal of both of our facilities is to provide the best diagnostic imaging possible, while never losing sight of the fact that our patients are human beings. We are committed to making your experience as comfortable as possible. Body Imaging Radiology services include: General X-Ray/Fluoroscopy, Digital Mammography, Short bore, High field MRI scanning, Helical Multi-detector, high speed CT scanning, 3 dimensional reconstruction workstation, Therapeutic/Diagnostic Pain Management injections, Bone density screening and Ultrasound. Pacific Breast Center services include: a full spectrum, using state of the art digital mammography equipment, high resolution Ultrasound, Breast MRI, BSGI (Breast Specific Gamma Imaging) and Image guided needle breast biopsies. Women who visit our center for their mammograms, will receive their results the same day. Please visit http://www.bodyimagingradiology.com/ or http://www.pacificbreastcenter.com/ for more information.
Photo: http://www.newscom.com/cgi-bin/prnh/20080626/LATH527LOGO http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
tw telecom
CONTACT: Patrick Mulcahy of tw telecom, +1-303-566-1470, patrick.mulcahy@twtelecom.com
Web Site: http://www.twtelecom.com/
AT&T to Provide $250,000 to Help Improve and Strengthen Opportunities for Women-of-Color Owned Small Businesses in CaliforniaAT&T Now Accepting Proposals for its Micro Enterprise Technical Assistance Program
SAN FRANCISCO, March 24 /PRNewswire-FirstCall/ -- AT&T* today announced it is now accepting proposals for $250,000 in funding to expand the capacity of Microenterprise Development Organizations (MDOs) that provide business assistance to Women of Color entrepreneurs in traditionally underserved communities in California. The funding is available through AT&T's Micro Enterprise Technical Assistance Program (MTAP) designed to help strengthen the operations and improve the sustainability of traditionally underserved, self-employed and small-business owners in California.
"March is 'Women's Awareness Month,' so we thought it appropriate to announce that for this year, our Technical Assistance Program will be geared towards small businesses owned by Women of Color," said Ken McNeely, President, AT&T California. "We remain committed to facilitating the development of new business opportunities for minority-owned firms, and want to ensure that Women of Color business owners are included in emerging industries and technology opportunities. Our MTAP program goes a long way towards helping California small businesses survive and thrive."
"Providing resources to strengthen and enhance the capabilities of minority small businesses is a key component to any supplier diversity program," said California Assemblywoman Fiona Ma (D - San Francisco). "This effort will help small minority businesses - and especially those owned by women of color - develop the skills needed to promote and maintain important business relationships."
AT&T's MTAP program, launched in 2006, is designed to help strengthen the operations and improve the sustainability of disadvantaged self employed and small business owners in California. Qualifying MDOs must have a demonstrated track record of providing training and technical assistance to low/moderate income aspiring and existing microenterprise business owners who are women of color.
Funding may be used:
-- to strengthen the MDO's internal infrastructure so that they may
increase the number of clients served who are women of color;
-- to add/improve the scope and quality of services delivered to women of
color;
-- and to enhance overall organizational capacity of enterprises
supporting women of color.
Applicants must be non-profit, have 501-c-3 status and provide services to Women of Color. Applications must be received by June 1, 2009. Awardees will be notified by August 15, 2009. Implementation of the program will launch within 60 days of approval and conclude by December 31, 2010.
Full details and an application can be found online at:
Black Economic Council: http://www.blackeconomiccouncil.com/
California Association for Microenterprise Opportunity: http://www.microbiz.org/
Mabuhay Alliance: http://www.mabuhayalliance.org/blog/
Our Weekly: http://www.ourweekly.com/
Urban Media Foundation: http://www.urbanmediafoundation.org/
California Small Business Association: http://www.csba.com/
California Hispanic Chambers of Commerce: http://www.cahcc.com/
California Small Business Advocate: http://www.sba.ca.gov/
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services, the nation's fastest 3G network and the best wireless coverage worldwide, and the nation's leading high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of their three-screen integration strategy, AT&T operating companies are expanding their TV entertainment offerings. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE(R) magazine's list of the World's Most Admired Companies. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2009 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
AT&T Inc.
CONTACT: H. Gordon Diamond of AT&T Inc., +1-415-778-1230, hgdiamond@att.com
Web Site: http://www.att.com/
NASA and Microsoft to Make Universe of Data Available to the PublicExciting new images of the moon and Mars from NASA's orbiting observatories will enable users of all ages to explore the universe through the Microsoft WorldWide Telescope.
WASHINGTON and REDMOND, Wash., March 24 /PRNewswire-FirstCall/ -- NASA and Microsoft Corp. today announced plans to make planetary images and data available via the Internet under a Space Act Agreement. Through this project, NASA and Microsoft will jointly develop the technology and infrastructure necessary to make the most interesting NASA content -- including high-resolution scientific images and data from Mars and the moon -- explorable on WorldWide Telescope, Microsoft's online virtual telescope for exploring the universe.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO)
"Making NASA's scientific and astronomical data more accessible to the public is a high priority for NASA, especially given the new administration's recent emphasis on open government and transparency," said Ed Weiler, associate administrator for NASA's Science Mission Directorate in Washington.
Under the joint agreement, NASA's Ames Research Center in Moffett Field, Calif., will process and host more than 100 terabytes, or 20,000 DVDs of data. WorldWide Telescope will incorporate the data later in 2009 and feature imagery from NASA's Mars Reconnaissance Orbiter (MRO). Launched in August 2005, MRO has been examining Mars with a high-resolution camera and five other instruments since 2006 and has returned more data than all other Mars missions combined.
"This collaboration between Microsoft and NASA will enable people around the world to explore new images of the moon and Mars in a rich, interactive environment through the WorldWide Telescope," said Tony Hey, corporate vice president of Microsoft External Research. "WorldWide Telescope serves as a powerful tool for computer science researchers, educators and students to explore space and experience the excitement of computer science."
Also available will be images from a camera aboard NASA's Lunar Reconnaissance Orbiter (LRO). Scheduled to launch this May, LRO will spend at least a year in a low, polar orbit approximately 30 miles above the lunar surface collecting detailed information about the lunar environment.
"NASA is excited to collaborate with Microsoft to share its portfolio of planetary images with students and lifelong learners," said S. Pete Worden, director of Ames. "This is a compelling astronomical resource and will help inspire our next generation of astronomers."
This agreement builds on a prior collaboration with Microsoft that enabled NASA to develop 3-D interactive Microsoft Photosynth collections of the space shuttle launch pad and other facilities at NASA's Kennedy Space Center last year. The images featured on Microsoft's WorldWide Telescope will supplement existing imagery and data available on NASA's Web site, the Planetary Data System and other sources.
The WorldWide Telescope is a Web 2.0 visualization environment that functions as a virtual telescope, bringing together imagery from ground- and space-based telescopes for a seamless, rich media guided exploration of the universe. Through WorldWide Telescope and Microsoft technology, people will be able to pan and zoom in on these images and the most interesting locations on Mars and the moon without distorted views at the poles.
Attracting millions of users since its release last spring, WorldWide Telescope provides a base for teaching astronomy, scientific discovery and computational science. Tours with narration, music, text and graphics create interactive learning experiences that allow people to search, explore and discover the universe in a new and unique manner. Additional information and a free download of WorldWide Telescope can be found at http://www.worldwidetelescope.org/.
To further integrate the planetary data into WorldWide Telescope, Ames is developing a suite of planetary data processing tools. These software tools convert historic and current space imagery data into a variety of formats and images of the moon, Mars and other planetary bodies readily available for easy browsing and use by the general public, enabling the creation of enhanced educational tools for students and teachers.
"NASA has a wealth of images and data, from the Apollo and Lunar Orbiter missions to Mars Reconnaissance Orbiter and the Mercury Messenger flybys," said NASA Ames Chief Information Officer Chris C. Kemp. "This collaboration makes it possible for NASA to leverage exciting new Microsoft technologies to make NASA's data -- and America's space program -- more accessible to the public."
More information about NASA is available at http://www.nasa.gov/.
About Microsoft Research
Founded in 1991, Microsoft Research is dedicated to conducting both basic and applied research in computer science and software engineering. Its goals are to enhance the user experience on computing devices, reduce the cost of writing and maintaining software, and invent novel computing technologies. Researchers focus on more than 55 areas of computing and collaborate with leading academic, government and industry researchers to advance the state of the art in such areas as graphics, speech recognition, user-interface research, natural language processing, programming tools and methodologies, operating systems and networking, and the mathematical sciences. Microsoft Research currently employs more than 850 people in six labs located in Redmond, Wash.; Cambridge, Mass.; Silicon Valley, Calif.; Cambridge, England; Beijing, China; and Bangalore, India. Microsoft Research collaborates openly with colleges and universities worldwide to enhance the teaching and learning experience, inspire technological innovation, and broadly advance the field of computer science. More information can be found at http://research.microsoft.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.
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Microsoft Corp.
CONTACT: Dwayne Brown, NASA Headquarters, Washington, +1-202-358-1726, dwayne.c.brown@nasa.gov, or Michael Mewhinney, NASA Ames Research Center, Moffett Field, Calif., +1-650-604-3937, Michael.S.Mewhinney@nasa.gov, or Rachel Prucey, NASA Ames Research Center, Moffett Field, Calif., +1-650-604-0643, rachel.l.prucey@nasa.gov; or Julie Woodbury, +1-503-443-7000, juliew@waggeneredstrom.com, or Rapid Response Team, +1-503-443-7070, rrt@waggeneredstrom.com, both of Waggener Edstrom Worldwide, for Microsoft Corp.
Web Site: http://www.microsoft.com/
Kaplan IT Learning Provides Educational Tools to Enhance End-User Proficiencies for Quest Software ProductsSTT Trainer Offers Best Option for Delivery of Training Tools for Quest Products
ATLANTA, March 24 /PRNewswire/ -- Kaplan IT Learning has joined forces with Quest Software to help users of Quest products incorporate them into their IT organizations with greater ease and efficiency. With the Kaplan IT content authoring tool, STT Trainer, educational materials are presented in a variety of formats that fit individual learning styles and preferences. Using STT Trainer lessons, new customers can quickly learn how to use Quest products effectively. Established users can maintain their operational skills and find new ways to improve competencies.
"We evaluated a number of products before deciding on Kaplan's STT Trainer," said Mary Beth Mockler, Director of Education Services, Quest Software. "With a broad portfolio of more than 180 Quest products, we were looking for a content authoring tool that would provide a variety of training options. Kaplan's STT Trainer lets us add self-paced eLearning to our physical and virtual classrooms, giving our customers flexibility in choosing a training delivery strategy that works for them. Further, since we are an international company, the ability to generate outputs in multiple languages made the STT Trainer software an attractive choice."
STT Trainer lessons support a blended learning environment with interactive simulations and documentation that work equally well in a classroom or online. Learning content created by STT Trainer offers a choice of learning formats including online demonstrations and interactive training tutorials. EPSS/Live Help and documentation are available in Microsoft Word, HTML and PDF formats.
Brian Sholly, President, Kaplan IT Learning said: - "This alliance with Quest Software will raise the awareness of the Kaplan IT eLearning solution in the software management market, as well as provide the opportunity for Kaplan IT to work with Quest clients to find education solutions that are flexible, yet consistent across a variety of formats."
About Quest Software, Inc.
Quest Software, Inc., a leading enterprise systems management vendor, delivers innovative products that help organizations get more performance and productivity from their applications, databases, Windows infrastructure and virtual environments. Through a deep expertise in IT operations and a continued focus on what works best, Quest helps more than 90,000 customers worldwide meet higher expectations for enterprise IT. Quest provides customers with client management as well as server and desktop virtualization solutions through its subsidiaries, ScriptLogic and Vizioncore. Quest Software can be found in offices around the globe and at http://www.quest.com/.
About STT Trainer/Kaplan IT Learning
STT Trainer is Kaplan IT Learning's Enterprise Application Training software that helps organizations achieve and maintain high user proficiency across business applications. Hundreds of organizations worldwide use STT Trainer to rapidly generate and deploy training and support content, track training effectiveness and progress, and manage training content and training projects.
Kaplan IT Learning provides certification preparation, skill assessment, learning services and software to help individuals and organizations train on technology and prepare for technology certifications. Kaplan IT Learning is a division of Kaplan, Inc., a global provider of education services and a subsidiary of The Washington Post Company .
For further information, please call 1.866.788.8721 or visit http://www.kaplanitlearning.com/.
Kaplan IT Learning
CONTACT: Mark Harrad of Kaplan IT Learning, +1-212-974-6231, mark.harrad@kaplan.com
Web Site: http://www.kaplanitlearning.com/
Majesco Entertainment Announces 'KarmaStar' Game For iPhone and iPod TouchEasy-To-Learn, Addictive Strategy Game Speeds Players From Birth To Old Age In Eight Turns
EDISON, N.J., March 24 /PRNewswire-FirstCall/ -- Majesco Entertainment Company , an innovative provider of video games for the mass market, today announced KarmaStar for the iPhone(TM) and iPod(R) Touch. Developed by acclaimed game designer Harvey Smith (Deus Ex), the game is a tactical card game and features a quirky, signature art style. A light-hearted strategy game that lasts about 10 minutes, KarmaStar challenges players to maneuver through life against two opponents in just eight turns to build up personal traits and make opportunistic use of Wildcards and Bonus Scores. Just like real life, the game supports different paths to victory.
"The iPhone and iPod Touch have effectively reinvigorated mobile gaming, allowing publishers to offer a truly rich and immersive play experience never before seen on a mobile device," said Gui Karyo, Executive Vice President of Operations, Majesco Entertainment. "With titles such as KarmaStar, Majesco is continuing to expand our reach to new platforms where we can offer the most enjoyable casual gaming experience to everyone."
"Working on KarmaStar was exciting for several reasons," added Harvey Smith. "While my primary project is a console/PC game, I love the iPhone. It's an amazing device and working with a tiny team allowed me to touch many aspects of the project. Majesco was supportive as we experimented with our game mechanics, which was critical since KarmaStar is a card-game/board-game hybrid. In general, my respect for strategy game designers just went through the roof. I'm really glad I got the chance to work on a game like this."
As players advance through each stage in KarmaStar, they must build up five personal traits -- Health, Mind, People, Love, and Money -- and overcome obstacles from each phase of human existence. The game is a combination of immediate tactics, longer-term planning and luck. All the while, players must make decisions about how they treat other players when faced with an assortment of life's most embarrassing and triumphant moments. Building traits early can pay off later and players will learn that sacrifices can sometimes lead to greater rewards.
Combining a host of technical features -- including the ability to play alone against the game's AI or with two other players via WiFi -- KarmaStar offers silky smooth animations and frame rate to make the playing experience that much more rewarding. Whether playing alone or against others, KarmaStar also tracks the player's achievements, career high score, wins and losses, while giving players the option to listen to music from their iPod music library during play.
KarmaStar is now available for purchase through Apple's iTunes Store for $4.99. For additional information about Majesco's exciting line of products, please visit: http://www.majescoentertainment.com/.
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/.
Safe Harbor
Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by reference to a future period(s) or by the use of forward-looking terminology, such as "may," "will," "intend," "should," "expect," "anticipate," "estimate" or "continue" or the negatives thereof or other comparable terminology. The Company's actual results could differ materially from those anticipated in such forward-looking statements due to a variety of factors. These factors include but are not limited to, the demand for our products; our ability to complete and release our products in a timely fashion; competitive factors in the businesses in which we compete; continued consumer acceptance of our products and the gaming platforms on which our products operate; fulfillment of orders preliminarily made by customers; adverse changes in the securities markets and the availability of and costs associated with sources of liquidity. The Company does not undertake, and specifically disclaims any obligation, to release publicly the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.
Majesco Entertainment Company
CONTACT: Audra McIver, audra_mciver@bhimpact.com/or Marisa Gross, marisa_gross@bhimpact.com, both of Bender/Helper Impact, +1-212-689-6360, for Majesco Entertainment
Web Site: http://www.majescoentertainment.com/
Satyam Submits Letter to SEBI Regarding Bidding Process
HYDERABAD, India, March 24 /PRNewswire-FirstCall/ -- Satyam Computer Services Ltd. (the "Company") announced today that it had submitted a letter (the "SEBI Letter") to the Securities and Exchange Board of India ("SEBI") relating to the process to be followed by the Company pursuant to Regulation 29A of the SEBI Takeover Regulations to select an investor and the in-principle exemptions/relaxations granted by SEBI from applicable SEBI regulations and guidelines. This press release and the SEBI Letter are being furnished to the U.S. Securities and Exchange Commission (the "SEC") on Form 6-K, and are available to the public over the Internet at the SEC's website at http://www.sec.gov/ and on the website of Bombay Stock Exchange and National Stock Exchange.
This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and its management, as well as financial statements. The Company does not intend to register any securities in the United States or to conduct a public offering of securities in the United States.
As previously disclosed, the Company Law Board Principal Bench New Delhi authorized the Company's Board of Directors to select an investor, subject to certain conditions. SEBI's approval is not an assurance that any qualified investor will bid to acquire any interest in the Company at an appropriate price or at all.
About Satyam
Satyam , a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in numerous industries across the globe. Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company's professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.
Satyam development and delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia serve numerous clients, including many Fortune 500 organizations. For more information, see http://www.satyam.com/.
Satyam Computer Services Ltd.
CONTACT: MediaRelations@Satyam.com
Web Site: http://www.satyam.com/
Communications Systems, Inc. Reports Fourth Quarter and Full Year 2008 Results
MINNETONKA, Minn., March 24 /PRNewswire-FirstCall/ -- Communications Systems, Inc. today reported 2008 sales of $122,700,000, an all-time record for the Company. Sales were up 1.2% from a year ago. Reported net income for 2008, after a non-cash impairment charge of $3,000,000, was $6,611,000 or $0.77 per diluted share versus $7,511,000 or $0.85 per diluted share in 2007. The $3,000,000 non-cash impairment charge, as reported in the first quarter, was for goodwill and asset impairment due to the loss of the U.S. Virgin Islands Department of Education contract with JDL.
2008 fourth quarter sales remained flat at $28,405,000 compared to $28,451,000 in 2007. Fourth quarter net income was $1,370,000 or $$0.17 per diluted share compared to $1,452,000 or $0.17 per diluted share for the same period in 2007.
For the year ending December 31, 2008, operating income increased 3.0%, after the non-cash impairment charge of $3,000,000, before taxes to $10,584,000 compared to $10,263,000 for 2007. Operating income increased to $2,219,000 for the fourth quarter of 2008 compared to $1,703,000 for the same period in 2007.
Jeffrey K. Berg, President and CEO, commented, "We are pleased with our 2008 fourth quarter and full year results in the face of the current world economic conditions. Transition Networks, our largest and fastest growing business unit, increased 2008 revenue 18% over 2007 and increased 2008 operating profit 84% over 2007. CSI's employees are doing an outstanding job of managing through these difficult and challenging times, while continuing to prepare CSI and the business units for when the economy turns to a "growth position."
David T. McGraw, Vice President of Finance and CFO, also commented, "CSI continues its history of a strong financial Company. At December 31, 2008, CSI closed the year with $29,952,000 in cash in spite of using approximately $7.3 million in cash for stock dividends and stock buy-back during the year. The current ratio continues at a lofty 8 to 1."
Cautionary Statement
From time to time, in reports filed with the Securities and Exchange Commission, in press releases, and in other communications to shareholders or the investing public, the Communications Systems Inc. may make forward-looking statements concerning possible or anticipated future financial performance, business activities or plans which are typically preceded by the words "believes," "expects," "anticipates," "intends" or similar expressions. For these forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in federal securities laws. Shareholders and the investing public should understand that these forward-looking statements are subject to risks and uncertainties, including those disclosed in our periodic filings with the SEC, which could cause actual performance, activities or plans after the date the statements are made to differ significantly from those indicated in the forward-looking statements when made.
About Communications Systems
Communications Systems, Inc. provides physical connectivity infrastructure and services for cost-effective broadband solutions and is a leading supplier of voice-grade connecting devices and wiring systems. CSI serves the broadband network market as the world's leading supplier of media conversion technology, that permits networks to deploy fiber optic technology while retaining the copper-based infrastructure already embedded in the network. In addition, CSI supplies copper wire and fiber optic structured wiring systems for broadband networks, as well as line filters for digital subscriber line service. CSI also provides network design, training and management services.
CSI CONSOLIDATED SUMMARY OF EARNINGS
Selected Income Statement Data
Three Months Three Months Twelve Months Twelve Months
Ended Ended Ended Ended
December 31, December 31, December 31, December 31,
2008 2007 2008 2007
Sales $28,404,879 $28,450,812 $122,699,678 $121,243,248
Gross margin 10,452,447 9,525,130 46,691,516 42,885,710
Operating income 2,219,411 1,703,476 10,583,587 10,262,568
Income before income
taxes 2,240,088 2,773,253 11,181,292 12,022,766
Income taxes 869,875 1,321,000 4,569,875 4,512,000
Net income $1,370,213 $1,452,253 $6,611,417 $7,510,766
Basic net income
per share $0.17 $0.17 $0.77 $0.86
Diluted net income
per share $0.17 $0.17 $0.77 $0.85
Cash dividends
per share $0.12 $0.12 $0.48 $0.42
Average basic
shares outstanding 8,282,348 8,577,358 8,539,396 8,761,300
Average dilutive
shares outstanding 8,284,812 8,642,379 8,562,533 8,830,713
Selected Balance Sheet Data
December 31, 2008 December 31, 2007
Total assets $98,737,791 $100,760,313
Cash 29,951,561 29,427,879
Property, plant and
equipment, net 12,014,541 13,944,597
Long-term liabilities 4,918,716 4,044,905
Stockholders' equity 83,728,143 84,930,582
Communications Systems, Inc.
CONTACT: Jeffrey K. Berg, President and Chief Executive Officer, or David T. McGraw, Vice President - Finance and Chief Financial Officer, +1-952-996-1674, both of Communications Systems, Inc.
Web Site: http://www.commsystems.com/
CIBER Announces Underwriters' Exercise of Overallotment Option
GREENWOOD VILLAGE, Colo., March 24 /PRNewswire-FirstCall/ -- CIBER, Inc. today announced that the underwriters of its recent public equity offering, Roth Capital Partners and Kaufman Bros., L.P., exercised their option to purchase an additional one million shares of CIBER common stock at $2.75 per share.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010927/CBRLOGO)
The offering of the shares was made pursuant to a registration statement previously filed and declared effective by the Securities and Exchange Commission on January 8, 2009. Copies of the prospectus supplement and accompanying base prospectus relating to this offering may be obtained at the SEC's website at http://www.sec.gov/ or by calling Roth Capital Partners, toll free, at 1-800-933-6830.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About CIBER, Inc.
CIBER, Inc. is a pure-play international system integration consultancy and outsourcing company with superior value-priced services and reliable delivery for both private and government sector clients. CIBER's services are offered globally on a project- or strategic-staffing basis, in both custom and enterprise resource planning (ERP) package environments, and across all technology platforms, operating systems and infrastructures. Founded in 1974 and headquartered in Greenwood Village, Colo., CIBER now serves client businesses from over 60 U.S. offices, 25 European offices and seven offices in Asia/Pacific. Operating in 18 countries, with more than 8,500 employees and annual revenue approximately $1.2 billion, CIBER and its IT specialists continuously build and upgrade clients' systems to "competitive advantage status." CIBER is included in the Russell 2000 Index and the S&P Small Cap 600 Index. CIBER, the Reliable Global IT Services Partner. http://www.ciber.com/.
Forward-Looking and Cautionary Statements
Statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. CIBER undertakes neither intention nor obligation to publicly update or revise any forward-looking statements. CIBER and the CIBER logo are trademarks or registered trademarks of CIBER, Inc. Copyright(C) 2009.
Photo: http://www.newscom.com/cgi-bin/prnh/20010927/CBRLOGO http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
CIBER, Inc.
CONTACT: Jennifer Matuschek, VP/Investor Relations of CIBER, Inc., +1-303-220-0100, jmatuschek@ciber.com
Web Site: http://www.ciber.com/
Verizon Wireless' Newest San Diego-Area Communications Store in La Jolla Showcases 'Evolutionary' DesignCustomers get hands-on experience with the latest voice, data, music and video devices
IRVINE, Calif., March 24 /PRNewswire/ -- Verizon Wireless once again breaks new ground in wireless retail today with the opening of another "evolution" Communications Store in the San Diego region. The store is the next evolution in the wireless retail experience, offering consumers hands-on interaction with wireless voice, data, music and video services in a sleek, new full-service environment. The new store is located at 8867 Villa La Jolla Drive in La Jolla.
About the new store
-- Interactive "demo zone" guided by knowledgeable staff
-- Integrated systems and operational enhancements designed to streamline
the sales process and increase customer satisfaction
-- Check-in kiosk enables customers to sign in on arrival and stay
informed via monitors that track their place in the queue for service
-- Roomy and easy to locate technical assistance and customer support
areas with interactive displays
Consumers can stretch their dollar farther than before
Verizon Wireless customers can now identify five or 10 numbers as a Friends & Family calling group without any additional costs. Minutes used when placing or receiving calls to anyone in the calling group will not count against customers' plan minutes. Customers can even include landline numbers or wireless numbers of those who haven't yet switched to the nation's largest, most reliable network. Friends & Family gives customers a flexible way to control their wireless spending and still talk to the people most important to them. Consumers can make daily changes to their Friends & Family list online for free.
Still the most reliable wireless network in America
Consumers and businesses can depend on making and completing their voice and data calls on the Verizon Wireless network because it's the most reliable in the country. How do we know it's the most reliable?
Verizon Wireless tests its network and those of its competitors. The company determines if voice calls and data connections are successful on the first attempt and stay connected. Nationally, Verizon Wireless' real-life test men and women drive 91 specially equipped vehicles almost 1,000,000 miles annually. They drive on Interstate, U.S. and state highways, as well as major roads and streets in high-population areas, based upon U.S. Census counts. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving more than 80 million customers. Headquartered in Basking Ridge, N.J., with more than 85,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, visit http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Ken Muche of Verizon Wireless, +1-949-286-8193, Ken.Muche@VerizonWireless.com
Web Site: http://www.verizonwireless.com/
Verizon's Fiber-Optic Expertise Is Key Resource at National Fiber Engineering ConferenceVerizon Technical Staff and Engineers Discuss Future Bandwidth Needs, Optical Switching, Network Efficiencies, Bendable Fiber and Other Key Elements of Successful Fiber-to-the Home Program
SAN DIEGO, March 24 /PRNewswire/ -- Having the largest, most advanced network delivering video, data and voice over fiber-optic connections directly to customers has given Verizon network planners and builders a unique view of fiber's performance -- and the opportunities its enormous capacity offers.
As a result, some 16 Verizon engineers are making appearances, presenting papers or giving presentations on fiber technology at the Optical Fiber Communication Conference and Exposition and the National Fiber Optic Engineers Conference event being held this week in San Diego. Verizon experts will speak on topics as varied as automated all-optical switching, the bandwidth flexibility of fiber, how to meet future bandwidth needs and the network construction savings already enabled by current technologies.
"There's no question that because of our five-year head start over competitors of our size we have not just the theoretical understanding of fiber and what it can do, but real experience and a clear perspective on what it will be doing tomorrow and further into the future," said Stu Elby, vice president -- network architecture for Verizon and a presenter at the events.
"Actually operating a fiber network directly to customers' premises was a big commitment, but it is paying off now as customers demand more and more capacity for large files and video delivery," he said. "We're at the stage now that we have to look forward to the days of 3D TV and gigabit-per-second traffic in and out of homes and small businesses. Sharing that view is what this conference is about."
Elby's two presentations focus on successful strategies for supporting bandwidth-intensive applications and bandwidth flexibility and high availability.
Other Verizon presenters will discuss how managing fiber-to-the-premises (FTTP) services with the latest reconfigurable optical add-drop multiplexer (ROADM) technologies decreases the number of network elements, lowering costs and reducing service failure points; how Verizon is deploying bend-insensitive fiber in apartment and multiunit buildings; the growth of 40 gigabit-per-second transmission in backbone networks; fiber optic transport of ground-based wireless traffic; and options for quadrupling the bandwidth of today's passive optical network facilities.
Verizon is also aggressively testing 100 Gbps technology. In December 2007, the company tested this technology in the labs and quickly moved to field testing. The company recently carried out a successful 100 Gbps transmission on a single wavelength for more than 1,040 kilometers over field fiber, setting a new distance record and demonstrating better performance than conventional transmission.
The field trial, conducted on the Verizon network in north Dallas, proved that 100 Gbps signals can be simultaneously transported with 10 Gbps and 40 Gbps signals on the same system with superior results by using advanced optical techniques. The trial also demonstrated that 100 Gbps signals can be simultaneously transported with any mix of 10 Gbps and 40 Gbps on a typical 80-channel ultra-long-haul dense wave division multiplexing (DWDM) system. As a result, current network configurations can support capacity upgrades up to 100 Gbps per channel on existing routes over similar distances without modification to the physical network, providing quicker, cost-effective implementation.
"As a leader in pursuit of 100 Gbps technology, Verizon's goal is to drive optical networking to deliver greater capacities over longer distances to enhance the high performance and high bandwidth of our network," said Elby. "Whether it's FiOS delivering HD channels and video on demand or business customers using database applications and online trading, we strive to provide the most advanced underlying network technology for our customers."
Elby added: "Networks are never done. Emerging demand brought about by developments in other industries -- whether data services, video services or complex network design and transport services -- are a tradition in our industry. No matter what the base technologies, engineers and network planners toil to make things better, bigger, less costly and more efficient.
"That's what the Verizon presence in San Diego is about -- the effort to make continuous progress in fiber technology and deployment."
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: Jim Smith, +1-908-559-3477, james.albert.smith@verizon.com, or Lynn Staggs, +1-918-590-2403, c-lynn.staggs@verizonbusiness.com, both of Verizon
Web Site: http://www.verizon.com/ http://www.verizon.com/news
Company News On-Call: http://www.prnewswire.com/comp/094251.html
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