Digchip : Database on electronics components
 

Members login  
Email:
Password:


Companies news of 2009-03-26 (page 1)

  • Verizon Wireless Deploys Temporary Cell Site in Fargo to Enhance Network Coverage
  • NVIDIA Files Countersuit Against Intel for Breach of ContractSeeks Termination of Intel's...
  • Mars Drinks Selects GSI Commerce for Full-Service E-Commerce SolutionRedesigned Online...
  • Millville, New Jersey, Residents to Benefit From Verizon Wireless Network...
  • Xyratex Ltd Announces Results for the First Quarter Fiscal Year 2009
  • Plexus Announces Modest Expansion in United Kingdom
  • LeapFrog Reaffirms 2009 Outlook and Provides Q1 and Q2 Guidance for 2009
  • VUANCE Issues Update Regarding Notification of Non-Compliance With Nasdaq's Continued...
  • MicroStrategy Announces General Availability of MicroStrategy 9Business Partners Support...
  • Spectrum Control Reports First Quarter ProfitRevenue up 6% and Earnings per Share up 31%...
  • Maxwell Technologies Appoints Kevin Royal Senior V.P., Chief Financial Officer, Treasurer...
  • Nanophase Reports Fourth Quarter and Year End 2008 Financial ResultsManagement Discusses...
  • Verizon Business Receives 'Unified Communications' Magazine's 2008 Product of the Year...
  • InSight Health Services Holdings Corp. and Perot Systems Corporation Announce Seven-Year...
  • US Airways Selects 41st Parameter's FraudNetAdvanced Anti-Fraud Solution to Detect Card...
  • Carriers Will Need Mobile Broadband Services to Compete in Emerging Markets, Finds Pyramid...
  • Lockheed Martin Wins GSA Contract to Support Application Needs for Federal Acquisition...
  • Pratt & Whitney's F135 STOVL Engine Begins Hover Pit Testing
  • Soitec Group Announces Circuit Stacking Capability Ready for Manufacturing and Technology...
  • El Al and Pratt & Whitney Announce EcoPower(R) Service Agreement
  • Pratt & Whitney Begins Production of the Next Generation of F100 Series Engines
  • Royal Netherlands Air Force Expands Contract with Pratt & Whitney Belgium Engine Center
  • Carriers Will Need Mobile Broadband Services to Compete in Emerging Markets, Finds Pyramid...
  • Pratt & Whitney's PW4000 Advantage70(TM) Takes Flight
  • Pratt & Whitney's F135 Engine Achieves Major Benchmark of 100 Hours of Flight Testing
  • SAP Recommends Dividend of euro 0.50 Per Ordinary Share
  • AT&T to Invest in Its California Network Enhancing Service to Communities Across the...
  • Verizon Protection Paks Relieve Stress for Consumers Whose Phone, PC or TV Stops Working...
  • Veltex Corporation Holds 2009 Annual Meeting of StockholdersBoard Elects R. Preston...



    Verizon Wireless Deploys Temporary Cell Site in Fargo to Enhance Network Coverage

    FARGO, N.D., March 26 /PRNewswire/ -- Verizon Wireless announced today that it is deploying a temporary cell site, or Cell on Light Truck (COLT), at Centennial Elementary School in South Fargo to enhance coverage and capacity of its wireless voice and data network in this area as residents and volunteers sandbag in preparation for the Red River flood cresting by Saturday.

    In addition to deploying the COLT, the Verizon Wireless network team has added capacity to eight cell sites in the Fargo area and is monitoring the network 24/7 to add additional capacity as needed. All cell sites have remained on the air in rising flood areas in North Dakota and northwestern Minnesota.

    The COLT is a self-contained mobile cell site specifically designed for rapid and short-term emergency response. This temporary cell site is equivalent to the highest-capacity stationary site presently in North Dakota and is able to process thousands of calls every hour. Verizon Wireless maintains a fleet of mobile cell sites for response in emergency situations, such as the floods in the Red River Valley.

    Verizon Wireless' nationwide voice and data network reliability is augmented by these temporary cell sites and other industry-leading redundancy and maintenance measures, which have proven particularly valuable during natural disasters and other emergencies. These measures include battery back-up power at all facilities as well as generators installed at all network switching facilities and many cell site locations.

    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/




    NVIDIA Files Countersuit Against Intel for Breach of ContractSeeks Termination of Intel's License to NVIDIA Technology

    SANTA CLARA, Calif., March 26 /PRNewswire-FirstCall/ -- NVIDIA Corporation today announced that it has filed a countersuit in the Court of Chancery in the State of Delaware against Intel Corporation for breach of contract. The action also seeks to terminate Intel's license to NVIDIA's valuable patent portfolio.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20020613/NVDALOGO)

    NVIDIA's countersuit was brought in response to a filing by Intel last month in the Delaware court, alleging that the four-year-old chipset license agreement does not extend to Intel's future generation CPUs with "integrated" memory controllers, such as its Nehalem processor.

    "NVIDIA did not initiate this legal dispute," said Jen-Hsun Huang, president and CEO of NVIDIA. "But we must defend ourselves and the rights we negotiated for when we provided Intel access to our valuable patents. Intel's actions are intended to block us from making use of the very license rights that they agreed to provide."

    NVIDIA entered into the disputed agreement in 2004 to bring platform innovations to Intel CPU-based systems. In return, Intel took a license to NVIDIA's rich portfolio of 3D, GPU, and other computing patents. NVIDIA had been attempting for more than a year to resolve the disagreement with Intel in a fair and reasonable manner.

    To read Intel's initial filing, go to(1): http://www.nvidia.com/object/io_1238021549708.html

    To read NVIDIA's response and counterclaim, go to(1): http://www.nvidia.com/object/io_1238021621363.html

    About NVIDIA

    NVIDIA is the world leader in visual computing technologies and the inventor of the GPU, a high-performance processor which generates breathtaking, interactive graphics on workstations, personal computers, game consoles, and mobile devices. NVIDIA serves the entertainment and consumer market with its GeForce(R) products, the professional design and visualization market with its Quadro(R) products, and the high-performance computing market with its Tesla(TM) products. NVIDIA is headquartered in Santa Clara, Calif. and has offices throughout Asia, Europe, and the Americas. For more information, visit http://www.nvidia.com/.

    Copyright (C) 2009 NVIDIA Corporation. NVIDIA, the NVIDIA logo, GeForce, Tesla and Quadro are trademarks or registered trademarks of NVIDIA Corporation in the U.S. and/or other countries.

    Certain statements in this press release including, but not limited to, statements as to NVIDIA's patent portfolio; are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: development of more efficient or faster technology; design, manufacturing or software defects; the impact of technological development and competition; changes in consumer preferences and demands; customer adoption of different standards or our competitor's products; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems as well as other factors detailed from time to time in the reports NVIDIA files with the Securities and Exchange Commission including its Form 10-K for the fiscal period ended January 25, 2009. Copies of reports filed with the SEC are posted on our Web site and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

    (1) There may be an initial delay in accessing these documents due to the court-registration process.

    Photo: http://www.newscom.com/cgi-bin/prnh/20020613/NVDALOGO
    http://photoarchive.ap.org/
    PRN Photo Desk photodesk@prnewswire.com NVIDIA

    CONTACT: Robert Sherbin, Corporate Communications, +1-408-566-5150,
    rsherbin@nvidia.com, or Michael Hara, Investor Relations, +1-408-486-2511,
    mhara@nvidia.com, both of NVIDIA Corporation

    Web Site: http://www.nvidia.com/




    Mars Drinks Selects GSI Commerce for Full-Service E-Commerce SolutionRedesigned Online Store Reflects Flavia's New Branding and Enhanced Shopping Experience

    MCLEAN, Va. and KING OF PRUSSIA, Pa., March 26 /PRNewswire-FirstCall/ -- GSI Commerce Inc. , a leading provider of e-commerce and multichannel solutions, today announced it has become the new, full-service e-commerce provider for Mars Drinks, a division of Mars, Inc. for its Flavia(R) coffee brand. GSI recently re-launched the site at http://us.myflavia.com/ and is providing e-commerce technology, customer care, fulfillment, and digital marketing and design services.

    "We want to expand our reach into the small office/home office (SOHO) marketplace and take our online business to the next level," said Frank LaRusso, direct sales channel director for Mars Drinks North America. "We thoroughly evaluated a number of solution providers and selected GSI based on its industry-leading platform, expertise, and track record of helping clients accelerate the growth of their online businesses."

    "Mars Drinks wanted both a flexible solution that would enable them to take control of the consumer experience and an integrated solution that would enhance each and every customer interaction," said Damon Mintzer, executive vice president of sales for GSI. "We're looking forward to leveraging our extensive retail knowledge and internal team of experts focused on client success and satisfaction to help Mars Drinks exceed their online business goals."

    As part of the agreement, gsi interactive(SM), the digital marketing and design agency of GSI, is providing Mars Drinks with a variety of marketing services, including creative, Web design, paid search, social media, display advertising, photography, e-mail marketing and affiliate marketing. "gsi interactive is excited about the opportunity to work with a unique brand such as Flavia. We look forward to establishing Mars Drinks as the leader in beverage systems and helping them achieve multichannel success through our comprehensive solution," said Nick Pahade, president of gsi interactive.

    About Flavia

    FLAVIA(R) has been satisfying the individual tastes of coffee and tea drinkers for over 20 years (first brewer launched in 1984). FLAVIA was the first to introduce the Brew-by-Pack drink system to the home and office, and has the only single cup system with authentic cappuccino, mochaccino and chai latte. The FLAVIA filterpack technology is the only system that brews direct and pure from pack to cup. Since 1996, FLAVIA Beverage Systems has placed over 100,000 FLAVIA Drinks Stations in homes and offices with over 2 billion drinks served worldwide. FLAVIA(R) is a registered trademark of Mars, Incorporated, known for brands that include M&M's(R), SNICKERS(R) and UNCLE BEN'S(R). For more information and an online demonstration of the system and the patented filterpack technology, visit http://us.myflavia.com/.

    About Mars, Incorporated

    Mars Drinks is a segment of Mars, Incorporated, a private, family-owned company founded in 1911 and employing 70,000 associates in 67 countries worldwide. Headquartered in McLean, Virginia, USA, Mars, Incorporated is one of the world's largest food companies, generating global revenues of $30 billion annually and operating in six segments that produce some of the world's leading brands. In addition to the Drinks brands above, popular Mars, Incorporated brands include: in the Chocolate segment, M&M'S(R), SNICKERS(R), DOVE(R), GALAXY(R), MARS(R), MILKY WAY(R), and TWIX(R); in the Petcare segment, PEDIGREE(R), WHISKAS(R), SHEBA(R), CESAR(R) and ROYAL CANIN(R); in the Wrigley segment, ORBIT(R), EXTRA(R), STARBURST(R), DOUBLEMINT(R), and SKITTLES(R); in the Food segment, UNCLE BEN'S(R), DOLMIO(R), ELBY(R), MASTERFOODS(R) and SEEDS OF CHANGE(R); and in the Symbioscience segment, COCOAPRO(TM), WISDOM PANEL(TM) MX, and SERAMIS(R).

    For more information please visit http://www.mars.com/. About GSI Commerce

    GSI Commerce(R) (http://www.gsicommerce.com/) is a leading provider of services that enable e-commerce, multichannel retailing and interactive marketing for large, business-to-consumer (b2c) enterprises in the U.S. and internationally. We deliver customized e-commerce solutions through an e-commerce platform, which is comprised of technology, fulfillment and customer care. We offer each of the platform's components on a modular basis, or as part of an integrated, end-to-end solution. We also offer a full suite of interactive marketing services through two divisions, gsi interactive(SM) and e-Dialog Inc. (http://www.e-dialog.com/).

    Forward-Looking Statements

    This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements made in this release, other than statements of historical fact, are forward-looking statements. Actual results might differ materially from what is expressed or implied by these forward-looking statements. Additional information about potential factors that could affect GSI Commerce can be found in its most recent Form 10-K, Form 10-Q and other reports and statements filed by GSI Commerce with the SEC. GSI Commerce expressly disclaims any intent or obligation to update these forward-looking statements.

    Contact: GSI Commerce, Inc. Kelly Henry Director, Corporate Marketing 610.491.7474 Fax: 610.265.2866 news@gsicommerce.com

    GSI Commerce, Inc.

    CONTACT: Kelly Henry, Director, Corporate Marketing, GSI Commerce, Inc.,
    +1-610-491-7474, Fax: +1-610-265-2866, news@gsicommerce.com

    Web Site: http://www.gsicommerce.com/




    Millville, New Jersey, Residents to Benefit From Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Calling, Data Access, and Music

    MILLVILLE, N.J., March 26 /PRNewswire/ -- In a continuing effort to provide the best wireless service for residents in Millville, Verizon Wireless has expanded its network with a new cell site. The new site increases coverage and capacity along Route 47 and Wheaton Avenue.

    The network expansion is part of an aggressive multi-billion dollar network investment each year (more than $1 billion every 90 days) to stay ahead of the growing demand for Verizon Wireless' voice and data services. The company spent more than $200 million last year to expand and enhance its wireless network across central, northeastern and southeastern Pennsylvania, southern New Jersey and Delaware, bringing the network investment in the region to more than $1.2 billion since 2001. Nationally, the company has invested more than $50 billion since it was formed to increase the coverage and capacity of its national network and to add new services, including wireless data services such as picture messaging and text messaging and the company's exclusive V CAST service. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones over Verizon Wireless' high-speed EV-DO network. Verizon Wireless' high-speed third generation wireless broadband network has been enhanced with EV-DO Rev. A technology. This enhancement allows customers who use the company's flagship business data service, Mobile Broadband, to interact with Web-based applications, download music over-the-air, access to e-mail, everyday corporate data, the Internet, and more at speeds that are eight to nine times faster than before. For example, Mobile Broadband customers with Rev. A compatible devices can now expect average download speeds of 600 kilobits per second (kbps) to 1.4 megabits per second and average upload speeds of 500-800 kbps, which means customers can download a 1 megabyte e-mail attachment - the equivalent of a small PowerPoint(R) presentation or a large PDF file - in about eight seconds and upload the same sized file in less than 13 seconds.

    Strong demand for Verizon Wireless services continued during the fourth quarter of 2008 as the company added 1.4 million net new customers. For the 17th consecutive quarter, Verizon Wireless also led the wireless industry with an all-time high in customer loyalty. The company posted a churn (customer turnover) rate of just 1.35%, well below the rate reported by the other major wireless carriers.

    Verizon Wireless tests its network and those of its competitors to ensure the Verizon Wireless network remains the Nation's most reliable. Nationally, Verizon Wireless' real-life test men and women drive 90 specially equipped vehicles almost 1 million miles annually on interstate, U.S. and state highways as well as major roads and surface streets in high-population areas, based upon U.S. Census counts, to determine if voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.

    About Verizon Wireless

    Verizon Wireless operates the nation's most reliable 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: Pam Boyd or Carla Reinas, +1-856-642-6226; or Sheldon Jones,
    +1-215-638-5668, Sheldon.Jones@verizonwireless.com, all of Verizon Wireless

    Web Site: http://www.verizonwireless.com/




    Xyratex Ltd Announces Results for the First Quarter Fiscal Year 2009

    HAVANT, England, March 26 /PRNewswire-FirstCall/ -- Xyratex Ltd , a leading provider of enterprise class data storage subsystems and storage process technology, today announced results for the first fiscal quarter ended February 28, 2009. Revenues for the first quarter were $183.9 million, a decrease of 15.3% compared to revenues of $217.1 million for the same period last year.

    For the first quarter, GAAP net loss was $16.1 million, or $0.55 per share, compared to GAAP net loss of $2.2 million, or $0.08 per share, in the same period last year. Non-GAAP net loss was $10.8 million, or $0.37 per share, compared to non-GAAP net income of $0.7 million, or $0.03 per share, in the same quarter a year ago(1).

    Gross profit margin in the first quarter was 11.4%, compared to 15.1% in the same period last year, primarily due to the reduction in margin in the Networked Storage Solutions division as a result of higher overheads and changes in customer mix.

    Revenues from our Networked Storage Solutions products were $165.7 million as compared to $187.8 million in the same quarter a year ago, a decrease of 11.7%. Gross profit margin in the Networked Storage Solutions business was 11.1% as compared to 14.7% a year ago. Revenues from our Storage Infrastructure products were $18.2 million as compared to $29.3 million in the same quarter a year ago, a decrease of 38%. Gross profit margin in the Storage Infrastructure business was 15.2% as compared to 18.9% a year ago.

    "The global economic environment has created some challenging business conditions that we are working through with our customers. This led us to take corporate restructuring actions during the quarter which have provided annualized expense savings in excess of 10% compared with 2008. We have now decided to take additional actions during the second quarter which will further reduce annualized expense by 10-15%. This was a very difficult decision, but we believe our actions will best position the company for the future," said Steve Barber, CEO of Xyratex. "Although visibility remains limited in the near term, I believe there are early signs of market demand stabilizing and that our customers are taking the right actions to position themselves for growth within their respective markets. We remain focused on executing as efficiently and effectively as possible in this uncertain economic environment."

    Conference Call/Webcast Information

    Xyratex quarterly results conference call will be broadcast live via the internet at http://www.xyratex.com/investors on Thursday, March 26, 2009 at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time. You can also access the conference call by dialing +1 (866) 783-2140 in the United States and +1 (857) 350-1599 outside of the United States, passcode 45202268. The press release will be posted to the company web site http://www.xyratex.com/.

    A replay will be available through April 2, 2009 following the live call by dialing +1 (888) 286-8010 in the United States and +1 (617) 801-6888 outside the United States, replay code 70807235.

    (1) Non-GAAP net income (loss) and diluted earnings (loss) per share excludes (a) amortization of intangible assets, (b) equity compensation expense, (c) specified non-recurring items, such as restructuring costs, the impairment of goodwill and valuation allowance against a deferred tax asset, (d) the related tax effects and (e) the effect of changes in exchange rates on the income tax expense. Reconciliation of non-GAAP net income (loss) and diluted earnings (loss) per share to GAAP net income (loss) and GAAP diluted earnings (loss) per share is included in a table immediately following the condensed consolidated statements of cash flow below.

    The intention in providing these non-GAAP measures is to provide supplemental information regarding the Company's operational performance while recognizing that they have material limitations and that they should only be referred to with reference to the corresponding GAAP measure.

    The Company believes that the provision of these non-GAAP financial measures is useful to investors and investment analysts because it enables comparison to the Company's historical operating results, those of competitors and other industry participants and also provides transparency to the measures used by management in operational and financial decision making. In relation to the specific items excluded: (a) intangible assets represent costs incurred by the acquired business prior to acquisition, are not cash costs and will not be replaced when the assets are fully amortized and therefore the exclusion of these costs provides management and investors with better visibility of the costs required to generate revenue over time; (b) equity compensation expense is non-cash in nature, is outside the control of management during the period in which the expense is incurred; (c) restructuring costs are not comparable across periods or with other companies and the impairment of goodwill and the valuation allowance against the deferred tax asset are non-recurring, non-cash and are not comparable across periods or with other companies; (d) the exclusion of the related tax effects of excluding items (a) to (c) is necessary to show the effect on net income of the change in tax expense that would have been recorded if these items had not been incurred; (e) the effect of changes in exchange rates on deferred tax balances is non-cash and is not comparable across periods or with other companies.

    Safe Harbor Statement

    This press release contains forward-looking statements. These statements relate to future events or our future financial performance. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward looking statements. Factors that might cause such a difference include our inability to compete successfully in the competitive and rapidly changing marketplace in which we operate, failure to retain key employees, cancellation or delay of projects and adverse general economic conditions in the United States and internationally. These risks and other factors include those listed under "Risk Factors" and elsewhere in our Annual Report on Form 20-F as filed with the Securities and Exchange Commission (File No. 000-50799). In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.

    About Xyratex

    Xyratex is a leading provider of enterprise class data storage subsystems and storage process technology. The company designs and manufactures enabling technology that provides OEM and disk drive manufacturer customers with data storage products to support high-performance storage and data communication networks. Xyratex has over 25 years of experience in research and development relating to disk drives, storage systems and high-speed communication protocols.

    Founded in 1994 in an MBO from IBM, and with headquarters in the UK, Xyratex has an established global base with R&D and operational facilities in Europe, the United States and South East Asia.

    For more information, visit http://www.xyratex.com/. XYRATEX LTD UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Three Months Ended, ------------------- February 28, February 29, 2009 2008 ---- ---- (US dollars in thousands, except per share amounts) Revenues: Networked Storage Solutions $165,725 $187,776 Storage Infrastructure 18,160 29,278 ------ ------ Total revenues 183,885 217,054 ------- ------- Cost of revenues 162,993 184,283 Gross profit: Networked Storage Solutions 18,389 27,599 Storage Infrastructure 2,768 5,526 Equity compensation (265) (354) ---- ---- Total gross profit 20,892 32,771 ------ ------ Operating expenses: Research and development 18,747 19,279 Selling, general and administrative 13,827 14,979 Amortization of intangible assets 966 1,379 Restructuring costs 3,116 - ----- --- Total operating expenses 36,656 35,637 ------ ------ Operating loss (15,764) (2,866) Interest income, net 60 899 --- --- Loss before income taxes (15,704) (1,967) Provision for income taxes 424 252 --- --- Net loss $(16,128) $(2,219) ======== ======= Net loss per share: Basic $(0.55) $(0.08) ====== ====== Diluted $(0.55) $(0.08) ====== ====== Weighted average common shares (in thousands), used in computing net loss per share: Basic 29,236 29,125 ====== ====== Diluted 29,236 29,125 ====== ====== XYRATEX LTD UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS February 28, November 30, 2009 2008 ---- ---- (US dollars and amounts in thousands) ASSETS Current assets: Cash and cash equivalents $33,822 $28,013 Accounts receivable, net 86,485 140,879 Inventories 111,602 128,183 Prepaid expenses 3,942 2,746 Deferred income taxes 1,000 1,000 Other current assets 3,561 4,430 ----- ----- Total current assets 240,412 305,251 Property, plant and equipment, net 47,342 47,229 Intangible assets, net 10,196 11,162 Deferred income taxes 8,709 9,545 ----- ----- Total assets $306,659 $373,187 ======== ======== LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $66,392 $111,295 Employee compensation and benefits payable 7,918 9,745 Deferred revenue 5,146 8,386 Income taxes payable 2,927 2,573 Foreign currency contracts 12,001 13,266 Other accrued liabilities 13,282 14,333 ------ ------ Total current liabilities 107,666 159,598 Long-term debt - - --- --- Total liabilities 107,666 159,598 ======= ======= Shareholders' equity Common shares (in thousands), par value $0.01 per share 70,000 authorized, 29,459 and 29,146 issued and outstanding 295 291 Additional paid-in capital 366,845 366,067 Accumulated other comprehensive loss (12,853) (13,603) Accumulated deficit (155,294) (139,166) -------- -------- Total shareholders' equity 198,993 213,589 ------- ------- Total liabilities and shareholders' equity $306,659 $373,187 ======== ======== XYRATEX LTD UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Three Months Ended, ------------------- February 28, February 29, 2009 2008 ---- ---- (US dollars in thousands) Cash flows from operating activities: Net loss $(16,128) $(2,219) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation 4,493 3,485 Amortization of intangible assets 966 1,379 Non-cash equity compensation 1,530 2,200 Loss on sale of assets - - Changes in assets and liabilities, net of impact of acquisitions and divestitures Accounts receivable 54,394 20,783 Inventories 16,581 (21,469) Prepaid expenses and other current assets (327) (602) Accounts payable (44,903) (3,299) Employee compensation and benefits payable (1,827) (1,895) Deferred revenue (3,240) (7,018) Income taxes payable 354 372 Deferred income taxes 1 (125) Other accrued liabilities (1,566) 1,596 ------ ----- Net cash provided by (used in) operating activities 10,328 (6,812) ------ ------ Cash flows from investing activities: Investments in property, plant and equipment (4,606) (4,016) Net cash used in investing activities (4,606) (4,016) ------ ------ Cash flows from financing activities: Repurchases of common shares - (2,618) Proceeds from issuance of shares 87 634 --- --- Net cash provided by (used in) financing activities 87 (1,984) --- ------ Change in cash and cash equivalents 5,809 (12,812) Cash and cash equivalents at beginning of period 28,013 70,678 ------ ------ Cash and cash equivalents at end of period $33,822 $57,866 ======= ======= XYRATEX LTD SUPPLEMENTAL INFORMATION Three Months Ended Summary Reconciliation Of GAAP Net Loss To February 28, February 29, Non-GAAP Net Income (Loss) 2009 2008 ---- ---- (US dollars in thousands, except per share amounts) GAAP net loss ($16,128) ($2,219) Amortization of intangible assets 966 1,379 Equity compensation 1,530 2,200 Restructuring costs 3,116 - Tax effect of non-GAAP adjustments (269) (1,073) Effect on deferred tax of changes to UK tax rates and exchange rates - 462 --- ---- Non-GAAP net income (loss) ($10,785) $749 ======== ==== Summary Reconciliation Of Diluted GAAP Loss Per Share To Diluted Non-GAAP Earnings (Loss) Per Share Diluted GAAP loss per share $(0.55) $(0.08) Amortization of intangible assets 0.03 0.05 Equity compensation 0.05 0.08 Restructuring costs 0.11 - Tax effect of other non-GAAP adjustments (0.01) (0.04) Effect on deferred tax of changes to UK tax rates and exchange rates - 0.02 --- ----- Diluted non-GAAP earnings (loss) per share ($0.37) $0.03 ====== ===== Summary Of Equity Compensation Cost of revenues 265 354 Research and development 510 708 Selling, general and administrative 755 1,138 ----- ----- Total equity compensation 1,530 2,200 ===== =====

    Xyratex Ltd.

    CONTACT: Brad Driver of Xyratex Investor Relations, +1-408-325-7260,
    bdriver@us.xyratex.com

    Web Site: http://www.xyratex.com/




    Plexus Announces Modest Expansion in United Kingdom

    KELSO, Scotland, March 26 /PRNewswire/ --

    Plexus Corp. (Nasdaq: PLXS), announced today that it intends to enter into a lease agreement on a building located in Tweedside Park, Tweedbank, Galashiels. This facility will consolidate other leased locations in the region and incrementally add an additional 25,000 sq ft of manufacturing space required for recent program wins from both new and existing customers. The additional space will support Mechatronics assembly with logistics services and will increase Plexus' overall footprint in the UK to 100,000 sq ft. It is anticipated that the facility will be ready for production by April 2009 and will employ approximately 50 people by December 2009.

    Willie MacKinnon, UK Managing Director, commented, "This expansion provides an exciting opportunity for Plexus and its employees in the UK and shows our ongoing commitment to the area. It also demonstrates our ability to attract new opportunities, despite the economic downturn. This is largely due to our experience and professionalism in delivering world-class service offerings to our customers as we continue our vision to be the best EMS Company in the world in the mid- to low-volume, higher-mix segment of the market."

    Combined with Plexus' current Kelso, Scotland manufacturing facility, their new manufacturing facility in Oradea, Romania and their design services capabilities in Livingston, Scotland, this new location will further Plexus' ability to deliver the best regional value proposition for its customers by providing an EMS solution that delivers flexibility, agility and world-class execution.

    About Plexus Corp. - The Product Realization Company

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

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

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

    Safe Harbor and Fair Disclosure Statement

    The statements contained in this release which are guidance or which are not historical facts (such as statements in the future tense and statements including "believe," "expect," "intend," "plan," "anticipate," "goal," "target" and similar terms and concepts), including all discussions of periods which are not yet completed, are forward-looking statements that involve risks and uncertainties, including, but not limited to: the risk of customer delays, changes or cancellations in both ongoing and new programs; our ability to secure new customers and maintain our current customer base and deliver product on a timely basis; the poor visibility of future orders, particularly in view of current economic conditions; the economic performance of the electronics, technology and defense industries; the effects of the volume of revenue from certain sectors or programs on our margins in particular periods; the risks relative to a new confidential customer in the Industrial/Commercial sector, including customer delays, start-up costs, our potential inability to execute and lack of a track record of order volume and timing; the risks of concentration of work for certain customers; the increasing weakness of the global economy and the continuing instability of the global financial markets and banking system, including the potential inability of us or our customers or suppliers to access cash investments and credit facilities; material cost fluctuations and the adequate availability of components and related parts for production; the effect of changes in average selling prices; the effect of start-up costs of new programs and facilities, including our recent and planned expansions; the adequacy of restructuring and similar charges as compared to actual expenses, including the announced closure of our Ayer, MA facility and workforce reductions at our Juarez, Mexico facility; the degree of success and the costs of efforts to improve the financial performance of our Mexican operations; possible unexpected costs and operating disruption in transitioning programs; the costs and inherent uncertainties of pending litigation; the potential effect of world events (such as changes in oil prices, terrorism and war in the Middle East); the impact of increased competition; and other risks detailed in the Company's Securities and Exchange Commission filings (particularly in Part II, Item 1A of our quarterly report on Form 10-Q for the quarter ended January 3, 2009).

    Plexus Corp.

    Willie MacKinnon, UK Managing Director of Plexus Corp., +44-1573-227054, willie.mackinnon@plexus.com




    LeapFrog Reaffirms 2009 Outlook and Provides Q1 and Q2 Guidance for 2009

    EMERYVILLE, Calif., March 26 /PRNewswire-FirstCall/ -- LeapFrog Enterprises, Inc. today reaffirmed its 2009 outlook as provided on its 2008 financial results conference call and provided first quarter and second quarter guidance for 2009.

    "Last year was unusual, in historic terms. Rapidly deteriorating consumer sentiment in the fourth quarter of 2008 led to high year end retailer inventory levels. As a result, in our year end reports we provided full-year guidance that included sales to be down considerably in the first three quarters of the year as retailers drive down inventory levels. While these expectations remain unchanged, as we approach the end of the first quarter of 2009, we believe that more information on our outlook for the first half would be helpful to investors due to the combination of our starting inventory position, the continuing weak economic environment and the difficult forecasting situation this creates," said Jeffrey Katz, LeapFrog's Chairman and Chief Executive Officer.

    "To-date, our net sales results are as we expected. Point-of-sale results, on the other hand, are somewhat better than expected given the generally weak economic conditions at retail. LeapFrog's net sales results for the next few months are almost certain to continue to be substantially less than last year, but this is consistent with retailers reducing their inventories during this seasonally low traffic part of the year. As is always the case in our business, full-year results are highly dependent on the third and fourth quarters. Based on results to-date, there is no change to our full-year outlook. We still expect to achieve improved cash flow and are targeting break-even cash usage for the year," continued Mr. Katz.

    Retail point-of-sale dollars were up 6% year-over-year for the 9-weeks ended March 7, 2009 compared to the 9-weeks ended March 8, 2008. Data for each of these 9-week periods represents sales prior to the Easter holiday, which typically impacts results and is three weeks later this year than last year. LeapFrog will update investors on retail point-of-sale dollars that include the Easter holiday when we release our first quarter results. Retail point-of-sale dollars is a non-audited operating metric that represents U.S. retailers' sales of LeapFrog products to consumers. Retail point-of-sale dollars differs significantly from LeapFrog's reported net sales, which reflect all products sold by LeapFrog to its retailer customers in all markets and also includes other sources of revenue. The point-of-sale data is provided to LeapFrog by retailers. LeapFrog believes this represents approximately 95% of our U.S. retailers' dollar sales of LeapFrog products to consumers, based on historical shipments by us to such retailers. LeapFrog management uses point-of-sale data to evaluate the retail channel sales environment and develop net sales forecasts.

    "From what we're seeing, our new products - in particular, Tag and Leapster2 - are selling better than anticipated at retail, and many of our planned promotions are only just now launching. Didj retail sales are growing sharply now that price reductions have been implemented, and Didj is currently generating among the best tie ratio of all of our products. Conversely, our Learning Toy line remains somewhat soft prior to the introduction of our new additions later this year although here too we are beginning to see signs of increased sell-through from promotional activity. It's early in the year, but overall POS results and more specifically our platform business trends give us some cause for cautious optimism given the general negative consumer sentiment in the market," said Mr. Katz.

    "Some investors will no doubt ask whether the data on POS might cause us to increase our full year earnings or fourth quarter recovery expectations. Our view is that it is far too early to anticipate a market recovery that might stimulate such a change. Other investors will no doubt ask whether weak shipment estimates for the first half of 2009 create a concern about continuing weakness in the second half. Here, we would say that POS trends provide some indications that our products, particularly our Reading and Gaming products, are being well received even in this difficult retail environment and we think they'll do better should conditions improve. However, retailer purchases of our product in the second half will be dependent on sell-through performance during the peak shipment months of September and October," added Mr. Katz

    For the first quarter of 2009, LeapFrog expects: -- Net sales to be between $26 and $30 million -- Gross margin to be between 25% and 27% -- Operating expenses to be between $33 and $35 million, down approximately 30% to 34% year-over-year For the second quarter of 2009, LeapFrog expects: -- Net sales to be between $35 and $45 million -- Gross margin to be between 30% and 33% -- Operating expenses to be between $34 and $36 million, down approximately 27% to 31% year-over-year

    "Our outlook for the year continues to be in line with our original expectations at the time of our last earnings call. We are expecting substantial year-over-year sales declines in the first three quarters of the year and some gross margin pressure in the first half of the year as retailers work down inventory. We believe we are still on-track for improving our cash flow performance for the year, even with substantial sales declines. We have cut significant costs out of the business and reduced our operating expenses by about 30% from 2008 levels. We also expect to benefit from gross margin expansion in the back half of the year as we see a higher mix of software sales. We have a healthy balance sheet with a cash balance that currently stands at $85 million and no debt. There is still a lot of uncertainty with the year, but our internal plans are built around a break-even net cash usage for the year," said Bill Chiasson, LeapFrog's Chief Financial Officer.

    "We will provide further information when we report our first quarter results. In addition to the details of the first quarter, we'll have more insights on how the second quarter is developing. At that time we will also have Easter behind us which should reveal further insights into consumer sentiment trends," said Mr. Katz in closing.

    Conference Call

    LeapFrog will hold a conference call today at 6:00 p.m. Eastern Time (3:00 p.m. Pacific Time) to discuss only the contents of this press release.

    To participate in the call, please dial (706) 634-0183 and request Conference ID 92505037. The conference call will also be webcast live and can be accessed at LeapFrog's investor website at http://www.leapfroginvestor.com/.

    About LeapFrog

    LeapFrog Enterprises, Inc. is a leading designer, developer, and marketer of innovative, technology-based learning products and related proprietary content, dedicated to making learning effective and engaging for all ages, at home and in schools, around the world. The company was founded in 1995 and is based in Emeryville, California. LeapFrog has developed a family of learning platforms that come to life with an extensive library of software titles covering important subjects such as phonics, reading, writing, math, music, geography, social studies, spelling, vocabulary and science. In addition, the company has created a broad line of stand-alone educational products for children. LeapFrog's award-winning products are available in six languages at major retailers in more than 35 countries around the world and in more than 100,000 classrooms across the United States.

    NOTE: LEAPFROG, the LeapFrog Logo, TAG, LEAPSTER, and DIDJ are trademarks or registered trademarks of LeapFrog Enterprises, Inc.

    Forward-Looking Statements

    Cautionary Statement under the Private Securities Litigation Reform Act of 1995:

    Except for the historical information contained herein, this news release contains forward-looking statements, including statements regarding anticipated financial results, including operating results (such as net sales, gross margin, operating expenses and net loss), cash balances and cash flows, product demand and shipment levels, expected relationships between point-of-sale trends and net sales by the company, anticipated product mix shifts, and expected benefits of new products and services. These forward-looking statements involve risks and uncertainties, including risks related to the recession and its effect on retail business, overall consumer sentiment and trends and their effect on retailer buying behavior, the rates of acceptance by consumers of our web-based products and services, new and changing regulations and standards for children's products, and our ability to provide high-quality experiences to consumers with all of our products and services. These and other risks and uncertainties detailed from time to time in our SEC filings, including our 2008 annual report on Form 10-K filed on March 11, 2009, could cause the company's actual results to differ materially from those discussed in this release. All forward-looking statements are based on information available to the company on the date hereof, and the company assumes no obligation to update such statements.

    Contact Information: Investors: Media: Karen Sansot Mischa Dunton Investor Relations Corporate Communications (510) 420-4803 (510) 596-5441

    Photo: http://www.newscom.com/cgi-bin/prnh/20090219/LFLOGO
    http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com LeapFrog Enterprises, Inc.

    CONTACT: Investors, Karen Sansot, Investor Relations, +1-510-420-4803,
    or Media, Mischa Dunton, Corporate Communications, +1-510-596-5441, both of
    LeapFrog Enterprises, Inc.

    Web Site: http://www.leapfrog.com/




    VUANCE Issues Update Regarding Notification of Non-Compliance With Nasdaq's Continued Listing Requirements

    FRANKLIN, Wis., March 26 /PRNewswire-FirstCall/ -- VUANCE, Ltd. , a leading provider of innovative Radio Frequency Verification Solutions, including active RFID, electronic access control, credentialing, accountability and incident response management, today announced that further to the Company's press release issued on December 16, 2008, it did not meet certain conditions by March 26, 2009 set by the Nasdaq Stock Market, Inc. ("Nasdaq") pursuant to the continued listing requirements set forth in Marketplace Rule 4310(c)(3), and as such, the Company expects that delisting proceedings may be commenced. Following such proceedings, trading of the Company's common stock may be suspended and Nasdaq may remove the Company's securities from listing and registration on the Nasdaq Capital Market. The Company believes that it may achieve the conditions set by Nasdaq for continued listing within the short term and has requested additional time to achieve compliance. In the event an extension is not granted, and if delisting proceedings are commenced, the Company will have the opportunity to appeal Nasdaq's decision to delist the Company's securities to a Nasdaq Listing Qualifications Panel.

    About VUANCE Ltd.

    VUANCE Ltd. develops and markets state-of-the-art security solutions for viewing, tracking, locating, credentialing, and managing essential assets and personnel. VUANCE solutions encompass electronic access control, urban security, and critical situation management systems as well as long-range Active RFID for public safety, commercial, and government sectors. The Company's comprehensive range of products enable our business partners to offer their customers end-to-end solutions that can overcome the most difficult security challenges. Its Incident Response Management System (IRMS) is the industry's most comprehensive mobile credentialing and access control system, designed to meet the needs of Homeland Security and other public initiatives. VUANCE is serious about security.

    VUANCE Ltd. is headquartered in Rockville, MD. Its common stock is listed on the NASDAQ Capital Market under the symbol "VUNC". For more information, visit http://www.vuance.com/.

    Safe Harbor

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded or followed by or that otherwise include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans," and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in the Company's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by the Company.

    The Company also disclaims any duty to comment upon or correct information that may be contained in reports published by the investment community.

    Investor/Media Contact Hayden IR Brett Maas, 646-536-7331 brett@haydenir.com

    VUANCE, Ltd.

    CONTACT: Investors/Media, Brett Maas of Hayden IR, +1-646-536-7331,
    brett@haydenir.com, for VUANCE Ltd.

    Web Site: http://www.vuance.com/




    MicroStrategy Announces General Availability of MicroStrategy 9Business Partners Support MicroStrategy's Latest Software Release

    MCLEAN, Va., March 26 /PRNewswire-FirstCall/ -- MicroStrategy(R) Incorporated , a leading worldwide provider of business intelligence (BI) software, today announced the release of MicroStrategy 9(TM), the company's most significant software release in nearly a decade. MicroStrategy 9 was introduced in January 2009 at the Company's annual user conference and was made generally available on March 20, 2009.

    MicroStrategy 9 delivers new technology and features to: -- Extend the performance, scalability, and efficiency of enterprise BI; -- Enable the rapid deployment of departmental BI applications; and -- Provide a seamless consolidation path from departmental BI to enterprise BI. Extending Enterprise BI

    As BI systems grow to thousands of users and hundreds of terabytes of data, maintaining fast query performance can be a tremendous challenge. MicroStrategy 9 includes new adaptive caching technology called In-memory ROLAP, which takes advantage of the large addressable memory now available on 64-bit Unix, Linux, and Windows computer servers, and provides a performance-optimized middle-tier database that can respond directly to data requests from reports, dashboards, and OLAP analyses. MicroStrategy 9 also introduces new SQL generation optimizations that can greatly improve performance for sophisticated queries involving complex metrics.

    As companies merge and expand, there is an increased urgency for business intelligence to span all operations, across business units, across departments, and across the globe. This expansion introduces new requirements on BI systems to support global deployments. MicroStrategy 9 offers the ability to present reports, dashboards, or OLAP analyses in the local language of business users viewing the information. In addition, MicroStrategy 9 offers numerous capabilities to streamline coordination between development teams working around the globe on the same BI applications.

    Enabling Rapid Development and Deployment of Departmental BI

    MicroStrategy 9 includes significant new architectural components and features designed specifically to support the needs of smaller-scale BI systems for departments. MicroStrategy 9 enables departmental BI applications to be set up quickly, providing end users with the ability to create reports and dashboards, and to distribute information among themselves with little or no IT support.

    MicroStrategy's new Multi-source ROLAP, In-memory ROLAP, and rapid metadata creation enables business departments to quickly set up small BI environments, accessing multiple databases without the time-consuming and technically-intensive work of first creating a data mart or data warehouse.

    MicroStrategy 9 offers numerous new features that make assembling reports simpler and faster. Business users can quickly create their own dashboards using new features in MicroStrategy 9, including out-of-the-box dashboard templates, support for custom-designed templates, and new design assistants that aid novice users in creating their own dashboards.

    Because of its ROLAP architecture, one of MicroStrategy's long-standing strengths is the ability of business users to freely investigate the data or 'surf' through the data warehouse without having to design a new report for each new combination of data they want to see. MicroStrategy 9 has extended this ability by allowing users to perform these same OLAP manipulations such as pivoting and drilling directly on graphs.

    MicroStrategy 9 gives users greater control of report and dashboard distribution with its new Distribution Services product. Users can set up report distributions for themselves or for other users, sending reports via e-mail, networked printers, or directly to recipients' computers or servers. Business users are empowered to create and manage their own information subscriptions, without the intervention of a centralized IT administrator.

    Providing Seamless Consolidation from Departmental BI to Enterprise BI

    Organizations often have a mix of departmental and enterprise BI systems, and face the problem of having multiple 'versions of the truth' across these BI islands that can undermine the credibility of its BI systems. A solution to this problem is to merge the islands of BI into a more cohesive, enterprise-wide BI system gradually and incrementally.

    MicroStrategy 9 was designed to enable the easy merger of independent islands of MicroStrategy BI into a more expansive enterprise BI system. Using the new Multi-source ROLAP capability, metadata and reports from departmental BI islands can be gradually merged into larger enterprise BI metadata, without also having to move any of the original data into data warehouses or data marts. As a next step, MicroStrategy 9 also enables companies to gradually move their data from disparate databases into the data warehouse simply by 're-pointing' the metadata to access the same data, but at its new location, with no disruption to reports or redesign required.

    MicroStrategy Business Partners Support MicroStrategy 9

    MicroStrategy works with a broad range of business partners, including technology partners, consulting partners, systems integrators, resellers, and OEMs. Many of these business partners have previewed MicroStrategy 9 beta software and provided positive feedback on its new features and enhancements.

    "The innovations in MicroStrategy 9 will enable our business partners to attract new customers looking for a BI platform that extends performance and scalability at the enterprise-level and is easy to deploy for smaller BI applications," said MicroStrategy's COO, Sanju Bansal. "We are delighted that MicroStrategy 9 has been well received by our business partners."

    Fujitsu Consulting

    "MicroStrategy 9 supports our view of BI as a strategic enterprise asset, which is central to our approach to driving real and measurable change in the organization through the deployment of BI and Performance Management solutions," said Norm Mackay, VP Business Intelligence, Fujitsu Consulting. "By leveraging this enterprise-caliber BI technology for departmental BI requirements, Fujitsu enables our clients to consolidate all their departmental applications into a single, integrated BI system. This truly represents a technological breakthrough that will allow our clients to maximize the returns on their BI investment."

    Harris Corporation

    "MicroStrategy 9 is a huge jump from previous releases," said Peter Wickwire, Product Manager, Broadcast Communications Division Report Services, Harris Corporation. "The features in MicroStrategy 9 will allow us to deliver the best business intelligence implementation possible to our very demanding clients."

    HP

    "Customers want the ability to respond to business events faster with current and relevant information," said Giuliano Di Vitantonio, director, marketing and alliances, Business Intelligence Solutions, HP. "The combination of HP platform and services and MicroStrategy software gives customers an integrated solution that supports and improves the decision making process with greater scalability, performance, and efficiency."

    Informatica

    "MicroStrategy 9 sets a new standard for reporting and analysis for the enterprise as well as for departmental implementations," said Don Tirsell, Senior Director Technical Alliances, Informatica. "The redesigned interfaces and many new self-service features of MicroStrategy 9 make information easily available to all levels of users across the organization."

    Marketing Direct

    "The enhancements in MicroStrategy 9 are very exciting and will deliver instant value to our customer base," said Chad Wainscott, Business Intelligence Analyst, Marketing Direct. "The features such as multi-source data access, personal prompt answers, and In-memory ROLAP address several of the demands from our user community. These enhancements will make all of our users more efficient and productive."

    Sybase

    "MicroStrategy 9 sets a new standard for reporting and analysis decision-making when used in tandem with the Sybase(R) IQ Analytic Server," said Dan Lahl, Director of Analytics at Sybase. "Using completely redesigned interfaces, hundreds of new features and optimizations for Sybase IQ 15, MicroStrategy 9 and Sybase IQ 15 quickly turn raw data into decision-ready information for all business owners throughout the enterprise."

    Teradata Corporation

    "As a business intelligence Partner, MicroStrategy ensures that their business intelligence software easily integrates with all members of the Teradata Purpose-Built Platform family to leverage the data within our customers' data warehouses," said Randy Lea, vice president, products and services, Teradata Corporation. "MicroStrategy 9 will extend and improve the ability of our joint customers to make better, faster decisions by infusing real-time intelligence into frontline operations and long-range strategic planning."

    For more information on MicroStrategy 9, visit http://www.microstrategy.com/9info.

    About MicroStrategy

    Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy is available at http://www.microstrategy.com/.

    MicroStrategy, MicroStrategy Business Intelligence Platform, and MicroStrategy 9 are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

    Contact: Wende Cover MicroStrategy Incorporated 703-770-1646 wcover@microstrategy.com

    MicroStrategy Incorporated

    CONTACT: Wende Cover of MicroStrategy Incorporated, +1-703-770-1646,
    wcover@microstrategy.com

    Web Site: http://www.microstrategy.com/




    Spectrum Control Reports First Quarter ProfitRevenue up 6% and Earnings per Share up 31% from a Year Ago

    FAIRVIEW, Pa., March 26 /PRNewswire-FirstCall/ --

    Spectrum Control, Inc. (SPEC) (Numbers in Thousands, Except Per Share Data) 1st quarter ended 1st quarter ended 2/28/2009 YTD 2/29/2008 YTD Sales $33,117 33,117 $31,154 31,154 Net Income 2,153 2,153 1,789 1,789 Average Shares 12,594 12,594 13,642 13,642 EPS $0.17 $0.17 $0.13 $0.13

    Spectrum Control, Inc. , a leading designer and manufacturer of custom electronic products and systems, today reported results for the first quarter ended February 28, 2009.

    For the first quarter of fiscal 2009, the Company reported net income of $2.2 million or 17 cents per diluted share on sales of $33.1 million, compared to net income of $1.8 million or 13 cents per diluted share on sales of $31.2 million for the same period last year.

    Dick Southworth, the Company's President and Chief Executive Officer, commented, "We are very pleased to report our 2009 first quarter financial results, with revenue up 6% and earnings per share up 31% from the comparable period of fiscal 2008. This performance was achieved despite the worldwide economic downturn and credit crisis, which has caused a significant slowdown throughout the electronics industry. We received customer orders of $31.4 million during the current quarter, comparable to a year ago, while new orders for the electronics industry as a whole declined approximately 40% for the same period. Our strong financial performance, under these very difficult economic and market conditions, reaffirms our ongoing business strategy. During the last few years, we have focused on diversifying our customer base and end markets, while being a key supplier of custom application specific products to our customers. This strategy has enabled our military/defense business to grow, offsetting the current negative market conditions for virtually all commercial product applications. Our sales to military/defense customers during the first quarter of this year were 59% of our total sales, up from 47% of sales for the same period last year, with no individual customer representing more than 5% of our total revenue. With this diversification, along with our strong financial position and continuous investment in the development of new products, we firmly believe that we are well-positioned to withstand the current global recession and meet our long-term goals of dynamic growth and enhanced shareholder value."

    First Quarter Highlights Improved Gross Margin

    In the current quarter our gross margin was $8.3 million or 25% of sales, compared to $6.9 million or 22% of sales for the first quarter of fiscal 2008. This increase in gross margin percentage principally reflects reductions in material costs, as well as certain operating efficiencies from higher production volumes. The continued reduction in our material costs has been driven by numerous factors, including improved product yields and greater utilization of vertical manufacturing capabilities throughout all four of our business segments. Our manufacturing overhead, as a percentage of sales, decreased slightly during the current quarter as we realized certain economies of scale with greater sales volume. With recessionary pressures impacting the commercial marketplace, we are constantly assessing our overhead structure to improve current operating efficiencies, while maintaining the production capacity and infrastructure necessary to quickly and effectively respond as market conditions and customer demand evolve.

    Strong Cash Flow

    Net cash provided by operating activities in the first quarter of fiscal 2009 amounted to $1.8 million. With this positive cash flow and our existing cash reserves, we repaid $3.0 million under our domestic line of credit and fully funded $1.0 million of capital expenditures for new equipment. Although no shares were repurchased in the current quarter, we continue to maintain our stock buyback program. Under our Board of Directors current authorization, we may expend an additional $4.2 million to purchase our outstanding Common Stock. The amount and timing of future share repurchases, if any, will be based on our ongoing assessment of the Company's capital structure, liquidity, and the market price of our Common Stock. We believe our ongoing stock buyback program is a positive reflection of our future business outlook and strong cash generation.

    Solid Financial Position

    At the end of the first quarter of fiscal 2009, our ratio of current assets to current liabilities was 3.66 to 1.00 and our total debt to equity ratio was 0.26 to 1.00. Our total stockholders' equity grew to $105.5 million, for a book value of $8.39 per share, and our total borrowed funds were only $8.0 million as of February 28, 2009. We believe this solid financial position will not only serve us well during the current economic downturn, but will enable us to effectively finance future acquisitions and organic growth.

    Current Business Outlook

    Mr. Southworth added, "To date, despite the global recession, we have not experienced any significant cancellation of customer orders. However, some of our commercial customers have pushed-out product delivery dates, as well as delay the placement of new orders. With the volatility and uncertainty of these market conditions, forecasting future business results is extremely difficult. Based on our current assessment of business conditions and customer demand, we presently anticipate customer orders to increase sequentially by 15 to 20% during the second quarter of fiscal 2009, with sales and profitability approximating our first quarter performance. During this challenging economic period, we will continue to focus on the long-term growth and prosperity of our Company. We will identify and implement cost reduction programs where appropriate, strive to maximize the benefits of our low-cost manufacturing centers, look to consummate and integrate additional strategic acquisitions, invest in the development of new innovative products, and further diversify our products and markets. With this ongoing focus, we remain very confident in the future of our Company."

    Forward-Looking Information

    This press release contains statements that are forward-looking statements within the meaning of the Private Securities Reform Act of 1995. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors and risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

    Simultaneous Webcast and Teleconference Replay

    Spectrum Control, Inc. will host a teleconference to discuss its first quarter fiscal 2009 results on Thursday, March 26, 2009, at 4:45 p.m., Eastern Time. Internet users will be able to access a simultaneous webcast of the teleconference at http://www.spectrumcontrol.com/ or http://www.vcall.com/. A taped replay of the call will be available through March 27, 2009, at 877-660-6853, access account 286, conference 315859, or for 30 days over the Internet at the Company's website.

    About Spectrum Control

    Spectrum Control, Inc. is a leader in the design, development and manufacture of custom electronic products and systems for the defense, aerospace, communications, and medical industries worldwide. For more information about Spectrum Control and its products, please visit the Company's website at http://www.spectrumcontrol.com/.

    Spectrum Control, Inc. and Subsidiaries Condensed Consolidated Balance Sheets ( Unaudited ) ( Dollar Amounts in Thousands ) February 28, November 30, 2009 2008 Assets Current assets Cash and cash equivalents $3,497 $5,397 Accounts receivable, net 24,158 24,043 Inventories, net 32,027 30,638 Deferred income taxes 1,684 1,684 Prepaid expenses and other current assets 1,781 2,307 Total current assets 63,147 64,069 Property, plant and equipment, net 26,375 27,250 Other assets Goodwill 36,811 36,811 Other 6,474 6,654 Total assets $132,807 $134,784 Liabilities and Stockholders' Equity Current liabilities Short-term debt $7,000 $10,000 Accounts payable 6,001 6,541 Income taxes payable 10 36 Accrued liabilities 3,772 4,415 Current portion of long-term debt 487 487 Total current liabilities 17,270 21,479 Long-term debt 475 545 Other liabilities 953 978 Deferred income taxes 8,624 8,491 Stockholders' equity 105,485 103,291 Total liabilities and stockholders' equity $132,807 $134,784 Spectrum Control, Inc. and Subsidiaries Condensed Consolidated Statements of Income ( Unaudited ) (Amounts in Thousands, Except Per Share Data) For the Three Months Ended February 28, February 29, 2009 2008 Net sales $33,117 $31,154 Cost of products sold 24,859 24,303 Gross margin 8,258 6,851 Selling, general and administrative expense 4,867 4,211 Income from operations 3,391 2,640 Other income ( expense ) : Interest expense (97) (42) Other income and expense, net 29 241 (68) 199 Income before provision for income taxes 3,323 2,839 Provision for income taxes 1,170 1,050 Net income $2,153 $1,789 Earnings per common share : Basic $0.17 $0.13 Diluted $0.17 $0.13 Average number of common shares outstanding : Basic 12,571 13,363 Diluted 12,594 13,642 Spectrum Control, Inc. and Subsidiaries Selected Financial Data ( Unaudited ) For the Three Months Ended February 28, February 29, 2009 2008 Selected Financial Data, as a Percentage of Net Sales: Net sales 100.0% 100.0% Cost of products sold 75.1 78.0 Gross margin 24.9 22.0 Selling, general and administrative expense 14.7 13.5 Income from operations 10.2 8.5 Other income ( expense ) : Interest expense (0.3) (0.1) Other income and expense, net 0.1 0.7 Income before provision for income taxes 10.0 9.1 Provision for income taxes 3.5 3.4 Net income 6.5% 5.7% Selected Operating Segment Data: ( Dollar Amounts in Thousands ) Advanced specialty products: Customer orders received $12,657 $12,771 Net sales 10,601 13,150 Microwave components and systems: Customer orders received 12,474 8,043 Net sales 14,006 10,392 Power management systems: Customer orders received 2,107 3,737 Net sales 2,794 2,448 Sensors and controls: Customer orders received 4,231 7,077 Net sales 5,716 5,164

    Spectrum Control, Inc.

    CONTACT: Investor Relations, John P. Freeman, Senior Vice President and
    Chief Financial Officer of Spectrum Control, Inc., +1-814-474-4310

    Web Site: http://www.spectrumcontrol.com/




    Maxwell Technologies Appoints Kevin Royal Senior V.P., Chief Financial Officer, Treasurer & Secretary

    SAN DIEGO, March 26 /PRNewswire-FirstCall/ -- Maxwell Technologies, Inc. has appointed Kevin S. Royal senior vice president, chief financial officer, treasurer and secretary, replacing Tim Hart, who is leaving the company. Royal is expected to begin employment at Maxwell on April 20, 2009.

    From May 2005, Royal, (44), had been senior vice president and CFO of Sunnyvale, Calif.-based Blue Coat Systems, Inc., a Nasdaq-listed developer and provider of application delivery network technology. Royal will remain at Blue Coat until April 10, 2009. From December 1996 until May 2005, he held a series of senior finance positions, culminating with his appointment as vice president and CFO, of Novellus Systems, Inc., an S&P 500 company that manufactures, markets and services semiconductor capital equipment. Before he joined Novellus, he spent 10 years with Ernst & Young LLP, where he became a Certified Public Accountant. In November 2008, he joined the board of directors of Springbok Services, Inc., a provider of pre-paid credit card products and programs.

    "Kevin is a seasoned financial and operational executive who has played a key role in building and managing companies that grew rapidly during his tenure with them," said David Schramm, Maxwell's president and chief executive officer. "His energy, leadership skills and extensive experience in corporate finance, internal controls and multi-national operations will be instrumental in helping Maxwell to move to the next level of its growth and development."

    Maxwell is a leading developer and manufacturer of innovative, cost-effective energy storage and power delivery solutions. Our BOOSTCAP(R) ultracapacitor cells and multi-cell modules provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation and telecommunications. Our CONDIS(R) high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution and measurement of high-voltage electrical energy. Our radiation-mitigated microelectronic products include power modules, memory modules and single board computers that incorporate powerful commercial silicon for superior performance and high reliability in aerospace applications. For more information, please visit our website: http://www.maxwell.com/.

    Maxwell Technologies, Inc.

    CONTACT: Michael Sund, +1-858-503-3233, for Maxwell Technologies, Inc.

    Web Site: http://www.maxwell.com/




    Nanophase Reports Fourth Quarter and Year End 2008 Financial ResultsManagement Discusses Positive Changes For 2009

    ROMEOVILLE, Ill., March 26 /PRNewswire-FirstCall/ -- Nanophase Technologies Corporation , a technology leader in nanomaterials and advanced nanoengineered products, reported today financial results for its fourth quarter and year ended December 31, 2008.

    Fourth Quarter

    Revenue for the quarter was $2.1 million and in line with management's expectations. Revenue for the fourth quarter of 2007 was $2.6 million.

    The net loss for the quarter was $1.9 million, or $0.09 per share, compared to a net loss of $1.3 million, or $0.06 per share, for the fourth quarter of 2007.

    Year End

    Revenue for the year was $10.2 million, compared to revenue of $12.2 million for the same period in 2007. As a percentage of total revenue, gross margin remained at 26 percent for both years.

    Net loss for the year was $6.4 million, or $0.30 per share. Twenty-five percent of the loss, $1.6 million or $0.07 per share, was attributed to one-time severance charges. The net loss for 2007 was $3.7 million, or $0.19 per share, for the same period in 2007.

    Outlook for 2009

    "We are both realistic and optimistic about the current and long-term prospects for Nanophase," said Jess Jankowski, Nanophase president and CEO. "We are close to completing the formation of our new leadership team, and are putting the final pieces in place to leverage our capabilities to our best advantage with :

    -- New management team -- New sales strategy -- New ready-to-go products -- New strategic markets -- New applications -- Solid balance sheet

    "With limited ability to predict how current economic conditions may impact our strategic markets," continued Jankowski, "we continue to take a conservative approach to 2009 and, in line with previous guidance, have lowered our revenue projections by approximately 25 percent from 2008. This reduction is due in part to sales projections from industry leaders in our target markets, including housing trends and their impact on revenue from our coatings products. We're prepared for a rebound in sales when the economy strengthens and as our aggressive marketing programs, ready-to-go products and innovative applications attract new customers from a variety of industries and assist our valued partners with new market penetration," commented Jankowski.

    "We are focused on building a pipeline of new business by leveraging our technology platform and development know-how. Our new sales and marketing team continues to expand its knowledge of our current markets, while investigating new potential markets and industries where Nanophase's innovative technology and solutions can improve their products or allow them to create new products."

    Jankowski went on to add that the company expects to reduce operating expenses by approximately $1 million in 2009, and $1.2 million in 2010, with the elimination of 12 positions that became redundant, due in part to the company's shift in business strategy which involves the addition of a direct sales approach, and the recent departure of two executive officers whose outstanding severance obligations will be disbursed late in the third quarter of 2009 and the first quarter of 2010, respectively. Management believes these staffing changes will not limit the company's ability to execute its business plan through 2010. These changes will also reduce operating cash used by approximately $600,000 in 2009 and $1.1 million in 2010.

    Shareholders and members of the financial community are encouraged to participate in today's conference call, where Mr. Jankowski will be discussing the company's current and long-term prospects.

    Year End 2008 Conference Call

    Nanophase has scheduled its quarterly conference call for March 26, 2009, at 4:00 p.m. CDT (5:00 p.m. EDT), which will be hosted by Jess Jankowski, president and CEO. To participate in the call you may dial 800-344-8034, or 785-830-1990 and reference the conference identification of 7NANOPHASE. The call may also be accessed through the company's website, http://www.nanophase.com/, by clicking on the link under Investor Relations and Calendar of Events. If you are unable to attend, a replay will be available through April 2, 2009, by dialing 800-695-0395, or 402-220-1388, or by logging onto the company's website and following the above directions.

    About Nanophase Technologies

    Nanophase Technologies Corporation (NANX), http://www.nanophase.com/, is a leader in nanomaterials technologies and provides nanoengineered solutions for multiple industrial product applications. Using a platform of patented and proprietary integrated nanomaterial technologies, the Company creates products with unique performance attributes from two ISO 9001:2000 and ISO 14001 facilities. Nanophase delivers commercial quantity and quality nanoparticles, coated nanoparticles, and nanoparticle dispersions in a variety of media.

    Forward-Looking Statements

    This press release contains words such as "expects," "shall," "will," , "believes," and similar expressions that are intended to identify forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such statements in this announcement are made based on the Company's current beliefs, known events and circumstances at the time of publication, and as such, are subject in the future to unforeseen risks and uncertainties that could cause the Company's results of operations, performance and achievements to differ materially from current expectations expressed in, or implied by, these forward-looking statements. These risk and uncertainties include, without limitation, the following: a decision by a customer to cancel a purchase order or supply agreement in light of the Company's dependence on a limited number of key customers; uncertain demand for, and acceptance of, the Company's nanocrystalline materials; the Company's manufacturing capacity and product mix flexibility in light of customer demand; the Company's limited marketing experience; changes in development and distribution relationships; the impact of competitive products and technologies; the Company's dependence on patents and protection of proprietary information; and the resolution of litigation in which the Company may become involved. In addition, the Company's forward-looking statements could be affected by general industry and market conditions and growth rates. Except as required by federal securities laws, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new events, uncertainties or other contingencies.

    Tables follow NANOPHASE TECHNOLOGIES CORPORATION BALANCE SHEETS As of December 31, As Adjusted 2008 2007 ---- ---- ASSETS Current assets: Cash and cash equivalents $723,069 $563,075 Investments 6,908,888 16,145,844 Trade accounts receivable, less allowance for doubtful accounts of $9,000 and $13,000 on December 31, 2008 and 2007, respectively 1,092,125 1,403,206 Other receivables 7,749 - Inventories, net 1,154,207 1,085,364 Prepaid expenses and other current assets 482,452 298,464 ------- ------- Total current assets 10,368,490 19,495,953 Investments 5,340,000 - Equipment and leasehold improvements, net 6,651,842 7,409,666 Other assets, net 39,765 79,285 ------ ------ $22,400,097 $26,984,904 =========== =========== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of capital lease obligations 22,211 43,110 Current portion of deferred other revenue 74,243 127,273 Accounts payable 356,853 238,295 Accrued expenses 1,493,262 1,584,656 Accrued severance 541,014 - ------- --- Total current liabilities 2,487,583 1,993,334 --------- --------- Long-term debt, less current maturities and unamortized debt discount 1,570,346 1,512,507 Long-term portion of capital lease obligations 9,219 31,430 Deferred other revenue, less current portion - 74,243 --- ------ 1,579,565 1,618,180 --------- --------- Contingent liabilities: - - Stockholders' equity: Preferred stock, $.01 par value; 24,088 authorized and no shares issued and outstanding - - Common stock, $.01 par value; 30,000,000 shares authorized; 21,188,912 and 21,088,068 shares issued and outstanding on December 31, 2008 and December 31, 2007, respectively 211,889 210,881 Additional paid-in capital 91,597,529 90,201,131 Accumulated deficit (73,476,469) (67,038,622) ----------- ----------- Total stockholders' equity 18,332,949 23,373,390 ---------- ---------- $22,400,097 $26,984,904 =========== =========== NANOPHASE TECHNOLOGIES CORPORATION STATEMENTS OF OPERATIONS Years ended December 31, As Adjusted 2008 2007 ---- ---- Revenue: Product revenue $9,744,759 $11,766,565 Other revenue 469,058 442,543 ------- ------- Total revenue 10,213,817 12,209,108 Operating expense: Cost of revenue 7,501,468 9,032,187 --------- --------- Gross Profit 2,712,349 3,176,921 Research and development expense 1,764,284 1,773,565 Selling, general and administrative expense 5,390,771 5,560,960 Severance charges 1,578,859 - --------- --- Loss from operations (6,021,565) (4,157,604) Interest income 383,083 661,512 Interest expense (130,992) (154,515) Impairment of investments (660,000) - Other, net (8,373) (73,660) ------ ------- Loss before provision for income taxes (6,437,847) (3,724,267) Provision for income taxes - - --- --- Net loss $(6,437,847) $(3,724,267) =========== =========== Net loss per share-basic and diluted $(0.30) $(0.19) ====== ====== Weighted average number of common shares outstanding 21,144,336 20,038,868 ========== ========== NANOPHASE TECHNOLOGIES CORPORATION STATEMENTS OF OPERATIONS - EXPANDED SCHEDULE Years ended December 31, As Adjusted 2008 2007 ---- ---- Revenue: Product revenue $9,744,759 $11,766,565 Other revenue 469,058 442,543 ------- ------- Total revenue 10,213,817 12,209,108 Operating expense: Cost of revenue detail: Depreciation 988,437 1,106,242 Non-cash equity compensation 81,674 45,144 Other costs of revenue 6,431,357 7,880,801 --------- --------- Cost of revenue 7,501,468 9,032,187 --------- --------- Gross Profit 2,712,349 3,176,921 Research and development expense detail: Depreciation 236,849 232,180 Non-cash equity compensation 143,562 92,831 Other research and development expense 1,383,873 1,448,554 --------- --------- Research and development expense 1,764,284 1,773,565 Selling, general and administrative expense detail: Depreciation and amortization 62,701 44,802 Non-cash equity compensation 548,968 436,775 Write-down of equipment 11,792 75,152 Abandonment of Trademarks 37,211 - Other selling, general and administrative expense 4,730,099 5,004,231 --------- --------- Selling, general and administrative expense 5,390,771 5,560,960 Severance charges 1,578,859 - --------- --- Loss from operations (6,021,565) (4,157,604) Interest income 383,083 661,512 Interest expense (130,992) (154,515) Impairment of investments (660,000) - Other, net (8,373) (73,660) ------ ------- Loss before provision for income taxes (6,437,847) (3,724,267) Provision for income taxes - - --- --- Net loss $(6,437,847) $(3,724,267) =========== ===========

    Nanophase Technologies Corporation

    CONTACT: Nancy Baldwin, Investor Relations of Nanophase Technologies
    Corporation, +1-630-771-6707

    Web Site: http://www.nanophase.com/




    Verizon Business Receives 'Unified Communications' Magazine's 2008 Product of the Year AwardManaged Unified Communications & Collaboration Service Recognized for Outstanding Innovation

    BASKING RIDGE, N.J., March 26 /PRNewswire/ -- Verizon Business is the recipient of a 2008 Product of the Year Award from Technology Marketing Corporation's (TMC) Unified Communications magazine for the company's Managed Unified Communications & Collaboration Service.

    The service provides large-business and government customers with management of the newest capabilities of the Cisco Unified Communications System Release 7.0. Launched in December 2008, the service enables enterprises to deploy the latest in unified communications and collaboration (UC&C) technology, while helping reduce the complexity of managing, monitoring and maintaining these solutions. Verizon Business is the first global service provider to deliver a managed service based on the Cisco Unified Communications System Release 7.0.

    "This award from TMC and Unified Communications magazine underscores our commitment to delivering innovative solutions to help customers address critical business objectives," said Nancy Gofus, senior vice president - global business products, Verizon. "Verizon Managed Unified Communications & Collaboration Service is a cost-effective, highly scalable solution that helps businesses and governments streamline business processes, drive employee productivity, accelerate decision-making, enhance customer service delivery and control costs."

    D. Blair Crump, group president - worldwide sales, Verizon Business, said, "This recognition highlights our focus on meeting customer needs. We provide all the right tools and capabilities that enable our enterprise customers to leverage technology to achieve their business objectives and remain competitive."

    By utilizing existing Internet protocol (IP) networks and Verizon Business' managed services capabilities and professional services expertise, the Managed Unified Communications & Collaboration Service builds on the robust capabilities and features of the Cisco Unified Communications System Release 7.0.

    The service delivers advanced end-user functionality by integrating business applications with key UC&C components, including mobility, instant messaging (IM) and "presence," which provides the status of an end-user's availability online or by phone. It also offers expanded click-to-conference options and the ability to simultaneously contact colleagues by various phones and IM.

    "Verizon Business has proven its commitment to quality and excellence, while addressing real customer requirements in the marketplace," said Rich Tehrani, president of TMC and editor-in-chief of Unified Communications magazine. "Unified Communications is pleased to grant a 2008 Product of the Year award for Verizon Managed Unified Communications & Collaboration Service. We're proud to honor Verizon Business' dedication and accomplishments, and look forward to the company's continued innovation and commitment to customers in the years to come."

    Verizon Business' comprehensive portfolio of advanced collaboration services uses the company's global IP network as the foundation to deliver innovative and flexible collaboration solutions to large-business and government customers around the world. Verizon Business offers conferencing, mobility, VoIP, contact center, and managed and hosting solutions, as well as professional services capabilities, to help customers maintain the performance and security of communications networks and advanced IP-enabled applications.

    About Verizon Business

    Verizon Business, a unit of Verizon Communications , is a global leader in communications and IT solutions. We combine professional expertise with the world's most connected IP network to deliver award-winning communications, IT, information security and network solutions. We securely connect today's extended enterprises of widespread and mobile customers, partners, suppliers and employees -- enabling them to increase productivity and efficiency and help preserve the environment. Many of the world's largest businesses and governments -- including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions -- rely on our professional and managed services and network technologies to accelerate their business. Find out more at http://www.verizonbusiness.com/.

    About Unified Communications Magazine

    Launched in July 2007, Unified Communications magazine is devoted to educating enterprise decision makers on why and how they need to deploy unified communications (UC) solutions. Every issue of Unified Communications magazine features a comprehensive news section; case studies of successful deployments and lessons learned; interviews with leading hardware and software companies; and an 'industry' section, featuring analysis of important mergers and acquisition, partnerships and a Wall Street perspective on the unified communications market. Unified Communications has a readership of 100,000. For more information, please visit http://www.uc-mag.com/.

    About TMC

    Technology Marketing Corporation (TMC) is a global integrated media company helping our clients build communities in print, in person and online. TMC publishes Customer Interaction Solutions, INTERNET TELEPHONY, Unified Communications, and NGN Magazine. TMCnet, TMC's Web site, is the leading source of news and articles for the communications and technology industries. TMCnet is read by two to three million unique visitors each month worldwide, according to Webtrends. Ranked 2,724 by Quantcast, TMCnet is in the top .03% most visited Web sites in the US. In addition, TMC produces ITEXPO, 4GWE Conference, Digium|Asterisk World and Communications Developers Conference.

    TMC also recently launched new industry-specific Web sites: IT.TMCnet.com, Cable.TMCnet.com, Robotics.TMCnet.com, Satellite.TMCnet.com, and Green.TMCnet.com.

    For more information about TMC, visit http://www.tmcnet.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 Business

    CONTACT: Kevin W. Irland, +1-703-886-1117, kevin.w.irland@verizon.com

    Web Site: http://www.verizonbusiness.com/

    Company News On-Call: http://www.prnewswire.com/comp/094251.html




    InSight Health Services Holdings Corp. and Perot Systems Corporation Announce Seven-Year Revenue Cycle Management AgreementAgreement to Enhance InSight's RCM Capabilities

    PLANO, Texas and LAKE FOREST, Calif., March 26 /PRNewswire-FirstCall/ -- InSight Health Services Holdings Corp. (BULLETIN BOARD: ISGT) ("InSight") has, through a subsidiary, entered into a seven-year agreement with Perot Systems Corporation (http://www.perotsystems.com/) to provide enhanced revenue cycle services and implementation of upgraded technology and IT services. Perot Systems will implement a full revenue cycle outsourcing (RCO) solution across InSight's nationwide free-standing imaging center network. The agreement also includes full implementation of an advanced practice management system, which will provide new technology to manage InSight's back-office billing and accounts receivable collections functions.

    "After a long, thorough selection process, we are delighted to enter into a long-term relationship with Perot Systems, which we believe will best enable us to achieve our strategic objectives," said Patricia Blank, InSight's executive vice president of revenue cycle management. "By working with Perot Systems, we will enhance our technological capabilities as well as the efficiency and effectiveness of our entire revenue cycle. This agreement will allow us to focus better on our core mission of providing superior quality service to the patients, physicians, hospitals and health systems with whom we work. Perot Systems offers significant economies of scale, a proven track record and a solid reputation, and we look forward to working with them."

    "Perot Systems is proud to be selected by InSight Health Corp. as its long-term Revenue Cycle Solutions provider," said Chuck Lyles, president of Perot Systems' healthcare group. "We are committed to providing InSight with supportive technology services and revenue cycle efficiencies to achieve its objective of providing superior care and continuing to be a leading provider of diagnostic imaging services."

    About InSight

    InSight, headquartered in Lake Forest, Calif., is a provider of diagnostic imaging services through a network of fixed-site centers and mobile facilities. InSight serves a diverse portfolio of customers, including healthcare providers, such as hospitals and physicians, and payors, such as managed care organizations, Medicare, Medicaid and insurance companies, in over 30 states, including the following targeted regional markets: California, Arizona, New England, the Carolinas, Florida and the Mid-Atlantic states. As of December 31, 2008, InSight's network consists of 63 fixed-site centers and 114 mobile facilities. For more information, please visit http://www.insighthealth.com/.

    About Perot Systems

    Perot Systems is a worldwide provider of information technology services and business process solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2008 revenue of $2.8 billion. The company has more than 23,000 associates located in the Americas, Europe, Middle East and Asia Pacific. Additional information on Perot Systems is available at http://www.perotsystems.com/.

    Safe Harbor

    This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. For factors that could affect Perot Systems' business and cause actual results to differ materially, please refer to Perot Systems' Annual Report on Form 10-K for the fiscal year ended December 31, 2008, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/, as updated in Perot Systems' Quarterly Reports on Form 10-Q filed after such Form 10-K, for additional information regarding risk factors.

    The foregoing contains forward-looking statements regarding InSight. They reflect InSight's current views with respect to current events and financial performance, are subject to many risks, uncertainties and factors relating to InSight's operations and business environment which may cause the actual results of InSight to be materially different from any future results, express or implied by such forward-looking statements. InSight intends that such forward-looking statements be subject to the Safe Harbor created by Section 27(a) of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. The words and phrases "expect," "estimate," and "anticipate" and similar expressions identify forward-looking statements. Certain factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: (i) InSight's ability to successfully implement its core market strategy; (ii) overcapacity and competition in InSight's markets; (iii) reductions, limitations and delays in reimbursement by third-party payors; (iv) contract renewals and financial stability of customers; (v) conditions within the healthcare environment; (vi) the potential for rapid and significant changes in technology and their effect on InSight's operations; (vii) operating, legal, governmental (including changes in the federal administration) and regulatory risks; (viii) conditions within the capital markets, including liquidity and interest rates, and (ix) economic (including financial and employment market conditions), political and competitive forces affecting InSight's business, and the country's economic condition as whole. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.

    At InSight: Kip Hallman President & CEO Keith S. Kelson Executive Vice President & CFO (949) 282-6000 At Perot Systems: Jonathan Moss Media Relations Manager Perot Systems 972-577-6395

    Perot Systems Corporation; InSight Health Services Holdings Corp.

    CONTACT: Kip Hallman, President & CEO, or Keith S. Kelson, Executive
    Vice President & CFO, both of InSight Health Services Holdings Corp.,
    +1-949-282-6000; or Jonathan Moss, Media Relations Manager of Perot Systems
    Corporation, +1-972-577-6395

    Web Site: http://www.perotsystems.com/

    Company News On-Call: http://www.prnewswire.com/comp/122686.html




    US Airways Selects 41st Parameter's FraudNetAdvanced Anti-Fraud Solution to Detect Card Not Present Fraud across Multiple Channels and Provide Greater Protection to Customers

    SCOTTSDALE, Ariz., March 26 /PRNewswire/ -- 41st Parameter(R) Inc., the leading provider of internet fraud intervention and detection services and technology, today announced US Airways selected FraudNet to detect and prevent Card Not Present (CNP) fraud across multiple reservation channels including online, kiosk and phone. The airline conducted an arduous selection process and chose FraudNet, the leading dedicated fraud solution for the travel industry, to help identify legitimate versus suspect transactions on a global scale.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20090206/LA67630LOGO)

    In addition, US Airways will utilize FraudNet to protect Dividend Miles(R) members against account compromise and fraudulent account access; safeguarding their frequent flyers sensitive data and assets. "After researching a number of anti-fraud solutions, we found FraudNet to be the most advanced, and best suited to our needs," said Chris Abbey, Managing Director, Revenue Accounting, US Airways. "With FraudNet, we expect significant revenue retention as a result of fraud reductions plus improved customer satisfaction through the enhanced security to access of our most loyal customer's accounts."

    At the core of the FraudNet solution is PCPrint(TM), 41st Parameter's powerful and covert PC fingerprinting technology, the leading device identification technology available today. Coupled with a risk engine specifically tuned for the airline industry, US Airways is implementing best-in-class fraud detection tools, easily accessible on a single dashboard. FraudNet empowers the airline's investigators to identify interlinked activities with the included link analysis tools, quickly report confirmed fraudulent cases to law enforcement bodies while reducing the volume of transactions and reservations requiring manual review.

    "Card Not Present transactions continue to show significant growth within the travel industry as travelers worldwide embrace the conveniences provided by technology," said Ori Eisen, founder and Chief Innovation Officer, 41st Parameter. "US Airways' decision to implement 41st Parameter's advanced solutions to detect and prevent fraud shows great foresight; taking proactive measures to curtail the increased threat of fraud that accompanies their many reservation channels."

    This is the latest in a progression of orders; establishing 41st Parameter as a key supplier of advanced anti-fraud solutions to the global travel industry.

    About US Airways

    US Airways was America's number one on-time airline in 2008 among the "Big Six" hub-and-spoke airlines according to the U.S. Department of Transportation's (DOT) monthly Air Travel Consumer Report. US Airways, along with US Airways Shuttle and US Airways Express, operates more than 3,200 flights per day and serves 200 communities in the U.S., Canada, Europe, the Caribbean and Latin America. The airline employs nearly 34,000 aviation professionals worldwide and is a member of the Star Alliance network, which offers our customers more than 16,500 daily flights to 912 destinations in 159 countries worldwide. And for the tenth consecutive year, the airline received a Diamond Award for maintenance training excellence from the Federal Aviation Administration (FAA) for its Charlotte, North Carolina hub line maintenance facility. For more company information, visit usairways.com. (LCCG)

    About 41st Parameter

    41st Parameter is the leader in fraud intervention, providing proven solutions to protect company brands and customers, reduce fraud losses and make the Internet a safer place to conduct business. Through a combination of risk management and loss prevention experience, and leading technology coupled with human interaction and best practices, 41st Parameter's solutions provide an unprecedented level of detection capability, decreasing the anonymity of the Internet and providing valuable insight to every online transaction and customer interaction. 41st Parameter makes the process of detecting and preventing fraud easier and more effective, reducing both expenses and potential losses. For more information, visit http://www.the41st.com/

    All trademarks are the property of their respective owners. Contact: Dave Yohe Tim Whitman/Kristin Forte 41st Parameter Schwartz Communications 480.776.5518 781.684.0770 dyohe@the41.com 41st@schwartz-pr.com

    Photo: http://www.newscom.com/cgi-bin/prnh/20090206/LA67630LOGO
    http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com 41st Parameter

    CONTACT: Dave Yohe of 41st Parameter, +1-480-776-5518, dyohe@the41.com;
    or Tim Whitman or Kristin Forte, both of Schwartz Communications,
    +1-781-684-0770, 41st@schwartz-pr.com, for 41st Parameter

    Web Site: http://www.the41st.com/




    Carriers Will Need Mobile Broadband Services to Compete in Emerging Markets, Finds Pyramid Research

    CAMBRIDGE, Massachusetts, March 26 /PRNewswire/ --

    Mobile broadband services will become necessary to remain competitive in emerging markets and will increasingly be used as a substitute for fixed broadband, according to the latest report by Pyramid Research (www.pyr.com), the telecom research arm of the Light Reading Communications Network (www.lightreading.com).

    "Mobile Broadband Computing Services: Complement or Substitute for Fixed Broadband" examines mobile broadband services enabled by 3G and WiMax networks on a global, regional, and market-by-market basis. Focusing on service plans offered for computing devices, this 111-page report assesses the positioning of mobile broadband computing relative to fixed broadband alternatives. Our tested framework promises to help identify the most efficient strategy for building revenue and sustaining market share in both competitive developed markets and low-income emerging environments. We also provide a five-year outlook on mobile broadband computing trends, including subscriber numbers, penetration levels, and revenue expectations on a market, regional, and global basis. Download an excerpt of this report here: http://www.pyr.com/downloads.htm?id=1&sc=PR032609_MBC

    Pyramid expects fixed broadband to grow at a CAGR of 9 percent from 2008 to 2014, whereas mobile broadband computing will grow about three times as fast, totaling US$69 billion by 2014 - 30 percent the size of fixed broadband, notes Daniel Locke, Senior Analyst at Pyramid Research and co-author of the report. "In the medium term, developed markets, such as North America, will rake in the most revenue from mobile computing services, considering that operators have earmarked significant investments for HSPA+, WiMax, and LTE networks," he says. "In mature markets, mobile broadband networks can complement the fixed networks to ensure the best, ubiquitous connectivity, but more importantly, they can be the solution to the digital divide.

    "In contrast, mobile broadband networks promise a wider reach and, thus, a larger addressable market in emerging markets, enabling mobile broadband access services to effectively compete with fixed broadband," Locke notes. "In many emerging markets, especially India, Africa, and the Middle East, HSPA and WiMax networks deliver geographic coverage that will not be matched by wireline infrastructure in the foreseeable future. The lack of coverage in emerging markets and rural areas of developed markets also puts 3G and WiMax as obvious choices for receiving broadband service."

    Although service pricing remains a barrier to adoption, Pyramid expects declining prices and a large variety of prepaid plans to boost take-up over time in emerging markets. Furthermore, in developed markets, 4G technologies, such as LTE and 802.16m, will eventually support the capacity to provide high-bandwidth applications that will give fixed broadband customers enough reason to switch to mobile service.

    "Mobile Broadband Computing Services: Complement or Substitute for Fixed Broadband" is part of Pyramid's research report series. A blend of primary research and qualitative analysis, Pyramid's research reports offer comprehensive coverage of the fixed and mobile communications space and enable those in the communications industry to stay ahead of changing market dynamics.

    Download an excerpt of this report here: http://www.pyr.com/downloads.htm?id=1&sc=PR032609_MBC

    "Mobile Broadband Computing Services: Complement or Substitute for Fixed Broadband" is priced at US$2,490 and can be purchased online here: http://www.pyramidresearch.com/store/RPMOBILEBROADBAND0903.htm?sc=PR032609_MBC or through Dave Williams via email at dave.williams@pyr.com or telephone at +1-858-485-8870.

    About Pyramid Research

    Pyramid Research (www.pyr.com) offers practical solutions to the complex demands our clients face in the telecommunications, media, and technology industries. Our analysis is uniquely positioned at the intersection of emerging markets, emerging technologies, and emerging business models, powered by the bottom-up methodology of our market forecasts for over 100 countries - a distinction that has remained unmatched for more than 25 years. As the telecom research arm of the Light Reading Communications Network, Pyramid Research works with Heavy Reading, providing the communications industry's most comprehensive market data, trusted research, and insightful technology analysis.

    About Light Reading

    Founded in 2000, Light Reading (www.lightreading.com) is the leading online media, research, and focused event company serving the US$3 trillion worldwide communications market. Lightreading.com is the ultimate source for technology and financial analysis of the communications industry, leading the media sector in terms of traffic, content, and reputation. Light Reading's research arms, Heavy Reading and Pyramid Research, provide the most comprehensive communications research, market data, and technology analysis in close to 100 markets around the world. Light Reading produces nearly 20 targeted communications events including TelcoTV, Ethernet Expo New York and Ethernet Expo London, The Tower Summit @ CTIA, and Optical Expo, as well as focused one-day events tailored for cable, mobile, and wireline executives. Light Reading was acquired by United Business Media in August 2005 and operates as a unit of TechWeb.

    About TechWeb

    TechWeb (http://techweb.com/aboutus), the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million* business technology professionals actively engage in our communities created around our global face-to-face events, Interop, Web 2.0, Black Hat, and VoiceCon; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, and Wall Street & Technology magazines. TechWeb also provides end-to-end services including next-generation performance marketing, integrated media, research, and analyst services. TechWeb is a division of United Business Media, a global provider of news distribution and specialist information services with a market capitalization of more than US$2.5 billion.

    *13.3 million business decision-makers: based on number of monthly connections

    About United Business Media Limited

    UBM (UBM.L) focuses on two principal activities: worldwide information distribution, targeting and monitoring; and, the development and monetization of B2B communities and markets. UBM's businesses inform markets and serve professional commercial communities - from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists - with integrated events, online, print and business information products. Our 6,500 staff in more than 30 countries are organized into specialist teams that serve these communities, bringing buyers and sellers together, helping them to do business and their markets to work effectively and efficiently. For more information, go to http://www.unitedbusinessmedia.com.

    Press contact: Jennifer Baker +1-617-871-1910 jbaker@pyr.com

    Pyramid Research

    Jennifer Baker, +1-617-871-1910, jbaker@pyr.com




    Lockheed Martin Wins GSA Contract to Support Application Needs for Federal Acquisition ServiceBasic Purchase Agreement has $400 million ceiling

    ROCKVILLE, Md., March 26 /PRNewswire-FirstCall/ -- Lockheed Martin has been awarded a Basic Purchase Agreement with a ceiling value of $400 million by the General Services Administration to provide software and systems support to the Federal Acquisition Service (FAS).

    Under the contract, known as the FAS Applications, Maintenance and Enhancements (FAME) program, Lockheed Martin will perform task orders consisting of mission critical applications, contract transition activities, and program management. The contract is expected to expand to additional operation and maintenance and modernization.

    Peggy Burns, vice president for Information and Knowledge Solutions at Lockheed Martin, said, "We are excited to be able to serve the mission application needs of GSA and the Federal Acquisition Service, as they strive to leverage their buying power to get the best value for agencies across the Federal Government. We commit to delivering excellent services to this valued customer."

    The single-award BPA was awarded under the GSA Schedule 70 contracting vehicle.

    Lockheed Martin is joined by teammates Booz Allen Hamilton, McLean, Va.; Dynanet Corporation, Elkridge, Md.; CGI Group, Inc., Fairfax, Va.; Applied Engineering Management Corporation, Chantilly, Va.; TEK Systems, Hanover, Md.; MacQuarium, Atlanta, Ga.; Emesec, Inc., Herndon, Va.; and UPP Business Systems, Downers Grove, Ill.

    Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.

    For additional information, visit our website: http://www.lockheedmartin.com/

    Lockheed Martin

    CONTACT: Joe Wagovich of Lockheed Martin, +1-301-352-2692,
    joseph.m.wagovich@lmco.com

    Web Site: http://www.lockheedmartin.com/




    Pratt & Whitney's F135 STOVL Engine Begins Hover Pit Testing

    EAST HARTFORD, Conn., March 26 /PRNewswire-FirstCall/ -- The Lockheed Martin F-35 Lightning II has begun two weeks of hover pit testing powered by Pratt & Whitney's F135 propulsion system. Hover pit testing of the F135 Short Take Off and Vertical Landing (STOVL) variant demonstrates integration of Pratt & Whitney's flight-proven F135 engine with Rolls Royce-designed STOVL lift components. Pratt & Whitney is a United Technologies Corp. company.

    "Hover pit testing of the F-35 Lightning II Air System is a major step toward achieving F-35 powered lift flight operations, and is a significant milestone for the Pratt & Whitney F135 team, Rolls-Royce and Lockheed Martin," said Bill Gostic, vice president, Pratt & Whitney F135 Engine Programs. "The testing is designed to demonstrate the F-35 and F135 integrated flight and propulsion control system and the STOVL thrust produced by the F135 propulsion system as installed in the Lightning II."

    The Pratt & Whitney F135 was awarded a Statement of Qualification for F-35 Short Take Off and Vertical Landing powered lift operations last month, becoming the first production propulsion system in history to provide vertical lift and supersonic capabilities with stealth technology.

    "Pratt & Whitney is proud to support the Joint Program Office and Lockheed Martin's F-35 STOVL through hover pit testing and STOVL powered lift operations leading to initial STOVL production deliveries," Gostic said.

    For eight years and more than 11,000 test hours, Pratt & Whitney has been designing, developing and testing the F135 to deliver the most advanced fifth generation fighter engine for the U.S. Air Force, Marine Corps and Navy, as well as eight international partner countries.

    The F135 is derived from mature technology of the only operational fifth generation fighter engine, the F119, enhanced with technologies proven in Air Force and Navy technology programs. The F135 is the only engine powering the F-35 Lightning II flight test program.

    The F135 propulsion system is the power of choice for the F-35 and has proven it can meet diverse aircraft requirements. The ground and flight test experience demonstrates the maturity and the associated reliability of the F135 engine for armed forces around the world.

    Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and commercial building industries.

    This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in the Lightning II funding related to the F-35 aircraft and F135 engines, changes in government procurement priorities and practices or in the number of aircraft to be built; challenges in the design, development, production and support of technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corporation's Securities and Exchange Commission filings.

    Erin Dick Matthew Perra P&W Military Engines Pratt & Whitney +1-860-557-0122 +1-860-565-8938 erin.dick@pw.utc.com matthew.perra@pw.utc.com

    Pratt & Whitney

    CONTACT: Erin Dick of P&W Military Engines, +1-860-557-0122,
    erin.dick@pw.utc.com, or Matthew Perra of Pratt & Whitney, +1-860-565-8938,
    matthew.perra@pw.utc.com

    Web Site: http://www.pratt-whitney.com/




    Soitec Group Announces Circuit Stacking Capability Ready for Manufacturing and Technology TransferSmart Stacking(TM) Enables Production Solutions for Image Sensors, Photonic Circuits and Wafer-Level 3D Integration Applications

    BERNIN, France, March 26 /PRNewswire-FirstCall/ -- The Soitec Group (Euronext Paris), the world's leading supplier of engineered substrates for the microelectronics industry, announced today that Smart Stacking(TM), its circuit stacking technology, is now ready for both manufacturing and technology transfer. This low-temperature industrial process from Soitec's Tracit business unit achieves wafer-level circuit stacking onto a range of starting materials with excellent yield. The ability to move a finished circuit onto another carrier without jeopardizing yield opens new doors for designers. Today, Smart Stacking(TM) enables the production of high-end image sensors; it will soon enable a range of new photonics applications, RF circuits, and the ultimate realization of more complex 3D product architectures.

    To decouple circuit fabrication from application needs, Soitec has developed this generic process to transfer thin layers of processed wafers onto a variety of materials. Smart Stacking(TM) technology comprises low-temperature, high-energy wafer bonding, and thinning techniques, both enhanced by Soitec's high volume production know-how. The company reports that several wafer types coming from a number of worldwide foundries and IDMs have been successfully processed for prototyping and production in its state-of-the-art manufacturing line.

    "As a substrate manufacturer with world-class industrial capabilities, validated IP and many years of experience, Soitec is offering Smart Stacking(TM) circuit stacking technology using a unique approach," notes Bernard Aspar, vice-president of the Tracit business unit. "For lower volume applications, we can provide circuit stacking custom manufacturing services, but we recognize that higher volume applications may be served best by transferring a customized process to our customers, giving them opportunities to simplify their logistics, reduce costs and shorten cycle times. Therefore we provide both manufacturing service and technology licensing options."

    The Soitec Group acquired Tracit (originally a spin-off of the very well known CEA-Leti microelectronics research organization) in 2006. Today's announcement validates this strategic, highly-complementary acquisition, as well as the Group's overall strategy of volume manufacturing, licensing and innovation through the development of breakthrough technologies.

    According to a recent study on 3D ICs by Yole Development, an independent semiconductor market research and analysis firm, the demand for wafer-level transfer processing is forecasted to reach significant volume production by 2010/2011, mainly driven by image sensor applications. "By 2012, when the market for 3D integration of heterogeneous components such as memories, logic, power ICs and analog takes off, Soitec's circuit stacking technology will enable further device design simplification and manufacturing with hybrid function capability and technology integration," says Dr. Eric Mounier, co-founder of Yole Development.

    About the Soitec Group:

    The Soitec Group is the world's leading innovator and provider of the engineered substrate solutions that serve as the foundation for today's most advanced microelectronic products. The group leverages its proprietary Smart Cut(TM) technology to engineer new substrate solutions, such as silicon-on-insulator (SOI) wafers, which became the first high-volume application for this proprietary technology. Since then, SOI has emerged as the material platform of the future, enabling the production of higher performing, faster chips that consume less power.

    Today, Soitec produces more than 80 percent of the world's SOI wafers. Headquartered in Bernin, France, with two high-volume fabs on-site, Soitec has offices throughout the United States, Japan and Taiwan, and a new production site in the process of customers' qualification in Singapore.

    Two other divisions, Picogiga International (Les Ulis) and Tracit Technologies (Bernin), complete the Soitec Group. Picogiga delivers advanced substrates solutions, including III-V epiwafers and gallium nitride (GaN) wafers, to the compound material world for the manufacture of high-frequency electronics and other optoelectronic devices. Tracit, on the other hand, provides thin-film layer transfer technologies used to manufacture advanced substrates for power ICs and microsystems, as well as generic circuit transfer technology "Smart Stacking" for applications such as image sensors and 3D-integration. Shares of the Soitec Group are listed on Euronext Paris. For more information, visit http://www.soitec.com/.

    Soitec, Smart Cut and UNIBOND are trademarks of S.O.I.TEC Silicon On Insulator Technologies.

    Press Contact: Camille Darnaud-Dufour Tel (France): +33-(0)-6-79-49-51-43 E-mail:camille.darnaud-dufour@soitec.com

    Soitec Silicon

    CONTACT: Press Contact: Camille Darnaud-Dufour, Tel (France):
    +33-(0)-6-79-49-51-43, E-mail:camille.darnaud-dufour@soitec.com




    El Al and Pratt & Whitney Announce EcoPower(R) Service Agreement

    EAST HARTFORD, Conn., March 26 /PRNewswire-FirstCall/ -- El Al Airlines signed a one-year agreement for Pratt & Whitney Global Service Partners' EcoPower engine wash service on its fleet of engines powering its Boeing 747s and 777s with an option to extend the agreement in one-year increments for up to three additional years. The washes will take place at John F. Kennedy International Airport in New York. Pratt & Whitney is a United Technologies Corp. company.

    "We are excited to help El Al operate more effectively and efficiently with our environmentally friendly EcoPower engine washing technology," said Joanne Hastings, director, Line Maintenance Services, Pratt & Whitney. "The benefits of washing engines with the advanced technology of our EcoPower service are becoming widely known in the industry."

    Pratt & Whitney's patented EcoPower system washes engines to reduce fuel burn by as much as 1.2 percent, eliminate three pounds of carbon dioxide emissions for every pound of fuel saved, and decrease engine exhaust gas temperature by as much as 15 degrees Celsius, improving performance and increasing the amount of time an engine can stay on wing.

    Pratt & Whitney launched the EcoPower engine washing service business in late 2004 and, to date, has completed more than 5,800 washes for more than 75 customers in 66 locations. The EcoPower engine wash service, offered through the Pratt & Whitney Global Service Partners network, uses a closed-loop system with pure, atomized water to wash aircraft engines, thus avoiding potential contaminant runoff. The system is more effective and much faster than traditional engine washing processes. Issued patents and applications cover various aspects of EcoPower engine wash services in several countries relating to features such as water atomization, the closed-loop system, effluent collection process and purification techniques.

    Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and commercial building industries.

    Katy Padgett Matthew Perra Commercial Engines & Global Services Pratt & Whitney +1-860-565-3433 +1-860-565-9600 kathleen.padgett@pw.utc.com matthew.perra@pw.utc.com

    Pratt & Whitney

    CONTACT: Katy Padgett of Commercial Engines & Global Services,
    +1-860-565-3433, kathleen.padgett@pw.utc.com; or Matthew Perra of Pratt &
    Whitney, +1-860-565-9600, matthew.perra@pw.utc.com

    Web Site: http://www.pratt-whitney.com/




    Pratt & Whitney Begins Production of the Next Generation of F100 Series Engines

    EAST HARTFORD, Conn., March 26 /PRNewswire-FirstCall/ -- Pratt & Whitney, maker of the F100 engine family that powers the F-16 and F-15 military fighter jets operated by the U.S. Air Force, U.S. Navy and the Air Forces of 22 allied nations, have begun production of the first F100-PW-229 Engine Enhancement Package (EEP) engines. The F100-PW-229 EEP represents the latest evolution in the F100 series of engines, recognized worldwide for its safety, reliability and cost effective operation.

    "The F100-PW-229 EEP is another example of Pratt & Whitney's pioneering work in fighter engine technology," said Warren Boley, Vice President of Pratt & Whitney Military Programs and Customer Support. "Not only does it offer superior performance capabilities for our armed forces, it reduces maintenance and life cycle costs at a time when value and efficiency are top priorities on the nation's agenda."

    The F100-PW-229 EEP incorporates groundbreaking technology developed for the F135 and F119 propulsion systems, the world's only fifth-generation fighter jet engines. The F100-229 EEP will provide advanced, dependable power for F-16 and F-15 aircraft around the world. In response to strong customer demand, the first engines will begin delivery of the new configuration in October of this year.

    The F100-PW-229 EEP was created to dramatically decrease the cost of ownership without impacting performance. This was accomplished by increasing the engine depot inspection interval from 4,300 to 6,000 cycles and increasing durability of key components while maintaining the 29,100 pound thrust rating. The inspection interval increase extends the amount of time between scheduled depot maintenance from the average of 7-9 years to over 10-14 years depending on utilization rates. This increase consequently should reduce life cycle costs by 30 percent over the life of the engine. The F100-PW-229 EEP continues to be the only fighter engine funded and qualified by the U.S. Air Force to the 6,000 cycle capability.

    Pratt & Whitney will offer customers the option to purchase the F100-PW-229 EEP as a complete engine or as an upgrade kit that will be made available to all -229 operators near the end of 2010.

    "The U.S. Air Force and several other operators of the P&W F100-PW-229 engine have expressed interest in having upgrade kits to modify their existing engines, so we're working diligently to provide this capability for our customers," Boley said.

    Initially, 74 F100-PW-229 EEP engines have been ordered, with the first delivery set for Republic of Korea. Additional deliveries will be headed to Morocco and Pakistan in early 2010.

    Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and commercial building industries.

    This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in government procurement priorities and practices or in the number of aircraft to be built; challenges in the design, development, production and support of technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corporation's Securities and Exchange Commission filings.

    Erin Dick Matthew Perra P&W Military Engines Pratt & Whitney +1-860-557-0122 +1-860-565-8938 erin.dick@pw.utc.com matthew.perra@pw.utc.com

    Pratt & Whitney

    CONTACT: Erin Dick of P&W Military Engines, +1-860-557-0122,
    erin.dick@pw.utc.com; or Matthew Perra of Pratt & Whitney, +1-860-565-8938,
    matthew.perra@pw.utc.com

    Web Site: http://www.pratt-whitney.com/




    Royal Netherlands Air Force Expands Contract with Pratt & Whitney Belgium Engine Center

    EAST HARTFORD, Conn., March 26 /PRNewswire-FirstCall/ -- The Royal Netherlands Air Force has expanded the scope of a three year contract with the Pratt & Whitney Belgium Engine Center to include repair of F100-PW-220 engine airseals. The three year contract signed in 2008 has an estimated value of more than $5M. The Pratt & Whitney Belgium Engine Center is a military aftermarket engine center located in Liege, Belgium, servicing the European region. Pratt & Whitney is a United Technologies Corp. company.

    "We are pleased to continue our strong relationship with the Royal Netherlands Air Force on the F100 engine program," said Tom Farmer, president, Pratt & Whitney Military Engines. "This expansion in support to the Royal Netherlands Air Force is due to the Belgium Engine Center's customer focus and legacy of world-class service and customer support."

    Pratt & Whitney acquired the Belgium Engine Center, formerly a part of Techspace Aero, in July 2008. The new Pratt & Whitney Belgium Engine Center is a state of the art facility offering complete maintenance repair and overhaul (MRO) services for the F100-PW-100, -200, -220, and -220E, and key components of the -229 engine.

    Pratt & Whitney military engines include the F100 family that powers the F-15 and F-16, the F119 for the F-22 Raptor, the F135 for the F-35 Lightning II, the F117 for the C-17 Globemaster III, the J52 for the EA-6B Prowler, the TF33 powering AWACS/Joint STARS/B-52/KC-135 aircraft, and TF30 for the F-111. In addition, Pratt & Whitney offers a global network of MRO and military aftermarket services (MAS) focused on maintaining engine readiness for our customers.

    Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and commercial building industries.

    This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in government procurement priorities and practices or in the number of aircraft to be built; challenges in the design, development, production and support of technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corporation's Securities and Exchange Commission filings.

    Erin Dick Matthew Perra Pratt & Whitney Military Engines Pratt & Whitney Media Relations +1-860-557-0122 +1-860-565-9600 erin.dick@pw.utc.com matthew.perra@pw.utc.com

    Pratt & Whitney

    CONTACT: Erin Dick of Pratt & Whitney Military Engines, +1-860-557-0122,
    erin.dick@pw.utc.com; or Matthew Perra of Pratt & Whitney Media Relations,
    +1-860-565-9600, matthew.perra@pw.utc.com

    Web Site: http://www.pratt-whitney.com/




    Carriers Will Need Mobile Broadband Services to Compete in Emerging Markets, Finds Pyramid Research

    CAMBRIDGE, Mass., March 26 /PRNewswire/ -- Mobile broadband services will become necessary to remain competitive in emerging markets and will increasingly be used as a substitute for fixed broadband, according to the latest report by Pyramid Research (http://www.pyr.com/), the telecom research arm of the Light Reading Communications Network (http://www.lightreading.com/).

    "Mobile Broadband Computing Services: Complement or Substitute for Fixed Broadband" examines mobile broadband services enabled by 3G and WiMax networks on a global, regional, and market-by-market basis. Focusing on service plans offered for computing devices, this 111-page report assesses the positioning of mobile broadband computing relative to fixed broadband alternatives. Our tested framework promises to help identify the most efficient strategy for building revenue and sustaining market share in both competitive developed markets and low-income emerging environments. We also provide a five-year outlook on mobile broadband computing trends, including subscriber numbers, penetration levels, and revenue expectations on a market, regional, and global basis. Download an excerpt of this report here: http://www.pyr.com/downloads.htm?id=1&sc=PR032609_MBC

    Pyramid expects fixed broadband to grow at a CAGR of 9 percent from 2008 to 2014, whereas mobile broadband computing will grow about three times as fast, totaling $69 billion by 2014 - 30 percent the size of fixed broadband, notes Daniel Locke, Senior Analyst at Pyramid Research and co-author of the report. "In the medium term, developed markets, such as North America, will rake in the most revenue from mobile computing services, considering that operators have earmarked significant investments for HSPA+, WiMax, and LTE networks," he says. "In mature markets, mobile broadband networks can complement the fixed networks to ensure the best, ubiquitous connectivity, but more importantly, they can be the solution to the digital divide.

    "In contrast, mobile broadband networks promise a wider reach and, thus, a larger addressable market in emerging markets, enabling mobile broadband access services to effectively compete with fixed broadband," Locke notes. "In many emerging markets, especially India, Africa, and the Middle East, HSPA and WiMax networks deliver geographic coverage that will not be matched by wireline infrastructure in the foreseeable future. The lack of coverage in emerging markets and rural areas of developed markets also puts 3G and WiMax as obvious choices for receiving broadband service."

    Although service pricing remains a barrier to adoption, Pyramid expects declining prices and a large variety of prepaid plans to boost take-up over time in emerging markets. Furthermore, in developed markets, 4G technologies, such as LTE and 802.16m, will eventually support the capacity to provide high-bandwidth applications that will give fixed broadband customers enough reason to switch to mobile service.

    "Mobile Broadband Computing Services: Complement or Substitute for Fixed Broadband" is part of Pyramid's research report series. A blend of primary research and qualitative analysis, Pyramid's research reports offer comprehensive coverage of the fixed and mobile communications space and enable those in the communications industry to stay ahead of changing market dynamics.

    Download an excerpt of this report here: http://www.pyr.com/downloads.htm?id=1&sc=PR032609_MBC

    "Mobile Broadband Computing Services: Complement or Substitute for Fixed Broadband" is priced at $2,490 and can be purchased online here: http://www.pyramidresearch.com/store/RPMOBILEBROADBAND0903.htm?sc=PR032609_MBC or through Dave Williams via email at dave.williams@pyr.com or telephone at +1 858-485-8870.

    About Pyramid Research

    Pyramid Research (http://www.pyr.com/) offers practical solutions to the complex demands our clients face in the telecommunications, media, and technology industries. Our analysis is uniquely positioned at the intersection of emerging markets, emerging technologies, and emerging business models, powered by the bottom-up methodology of our market forecasts for over 100 countries - a distinction that has remained unmatched for more than 25 years. As the telecom research arm of the Light Reading Communications Network, Pyramid Research works with Heavy Reading, providing the communications industry's most comprehensive market data, trusted research, and insightful technology analysis.

    About Light Reading

    Founded in 2000, Light Reading (http://www.lightreading.com/) is the leading online media, research, and focused event company serving the $3 trillion worldwide communications market. Lightreading.com is the ultimate source for technology and financial analysis of the communications industry, leading the media sector in terms of traffic, content, and reputation. Light Reading's research arms, Heavy Reading and Pyramid Research, provide the most comprehensive communications research, market data, and technology analysis in close to 100 markets around the world. Light Reading produces nearly 20 targeted communications events including TelcoTV, Ethernet Expo New York and Ethernet Expo London, The Tower Summit @ CTIA, and Optical Expo, as well as focused one-day events tailored for cable, mobile, and wireline executives. Light Reading was acquired by United Business Media in August 2005 and operates as a unit of TechWeb.

    About TechWeb

    TechWeb (http://techweb.com/aboutus), the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million* business technology professionals actively engage in our communities created around our global face-to-face events, Interop, Web 2.0, Black Hat, and VoiceCon; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, and Wall Street & Technology magazines. TechWeb also provides end-to-end services including next-generation performance marketing, integrated media, research, and analyst services. TechWeb is a division of United Business Media, a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.

    *13.3 million business decision-makers: based on number of monthly connections

    About United Business Media Limited

    UBM (UBM.L) focuses on two principal activities: worldwide information distribution, targeting and monitoring; and, the development and monetization of B2B communities and markets. UBM's businesses inform markets and serve professional commercial communities - from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists - with integrated events, online, print and business information products. Our 6,500 staff in more than 30 countries are organized into specialist teams that serve these communities, bringing buyers and sellers together, helping them to do business and their markets to work effectively and efficiently. For more information, go to http://www.unitedbusinessmedia.com/.

    Press contact: Jennifer Baker +1 617 871-1910 jbaker@pyr.com

    Pyramid Research

    CONTACT: Jennifer Baker, +1-617-871-1910, jbaker@pyr.com

    Web Site: http://www.pyr.com/




    Pratt & Whitney's PW4000 Advantage70(TM) Takes Flight

    TOULOUSE, France, March 26 /PRNewswire-FirstCall/ -- Pratt & Whitney's PW4000 Advantage70 engine successfully completed its first flight aboard an Air Comet A330-200 in Toulouse, France, this week. The first Advantage70 flight marks the beginning of a flight test program that will continue through early April. The first PW4000-100" engines with the Advantage70 technology upgrade, each of which deliver 70,000 pounds of thrust for the A330 aircraft family, are scheduled to enter into service in mid-2009. Pratt & Whitney is a United Technologies Corp. company.

    "This is an exciting program milestone that brings us one step closer to entry into service," said Andrew Tanner, vice president, Product Line Management. "Now more than ever products like Advantage 70 deliver value to our customers by improving performance while lowering operating costs."

    Advantage70 technology upgrades deliver enhanced engine performance, including a 2 percent thrust increase, a 1 percent reduction in fuel consumption, increased durability, and reduced maintenance costs. The A330-200 and A330-300 passenger aircraft will be the first to fly PW4000-100" engines with Advantage70 in mid-2009 on Air Comet and Air Caraibes respectively.

    Pratt & Whitney has over 16,000 aircraft engines installed with hundreds of airlines around the world. Pratt & Whitney is also a partner in two joint venture companies that manufacture commercial aircraft engines: International Aero Engines, which makes the V2500 for the Airbus A320 family of aircraft, and the Engine Alliance, whose GP7200 engine is in service on the Airbus A380.

    Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and commercial building industries.

    Katy Padgett Matthew Perra Commercial Engines & Global Services Pratt & Whitney +1-860-565-3433 +1-860-565-9600 Kathleen.Padgett@pw.utc.com matthew.perra@pw.utc.com

    Pratt & Whitney

    CONTACT: Katy Padgett of Commercial Engines & Global Services,
    +1-860-565-3433, Kathleen.Padgett@pw.utc.com; or Matthew Perra of Pratt &
    Whitney, +1-860-565-9600, matthew.perra@pw.utc.com

    Web Site: http://www.pratt-whitney.com/




    Pratt & Whitney's F135 Engine Achieves Major Benchmark of 100 Hours of Flight Testing

    EAST HARTFORD, Conn., March 26 /PRNewswire-FirstCall/ -- Pratt & Whitney's F135 engine, the only engine powering the F-35 Lightning II flight test program, has surpassed 100 hours of flight testing, a significant milestone in the development and testing of the world's most powerful fighter engine. Pratt & Whitney is a United Technologies Corp. company.

    This achievement is a key step in the propulsion system's transition from development to production. The engine's success in flight testing demonstrates the maturity and reliability of the F135 program for armed forces across the globe.

    "This is a major achievement in a long and growing list of milestones for the F135 team," said Bill Gostic, vice president, Pratt & Whitney F135 Engine Program. "It reinforces the reliability and dependability our engine is providing to the Joint Strike Fighter flight test program."

    The F135, designed specifically for the F-35, is a derivative of the Pratt & Whitney F119 engine, the only operational fifth generation engine, which currently powers the U.S. Air Force's F-22 Raptor. The F119, having recently surpassed the 100,000 flight hour benchmark, offers proven superior dependability and safety for the F-22. Many of the same core components and concepts have been applied to the design and development of the F135, which features advanced prognostics and health management systems that will significantly lower short and long-term maintenance costs. Additionally, the F135 is leveraging operational fighter and stealth technology experience as well as advanced sustainment support experience.

    Together, the two engines have steadily achieved a series of key flying-hour benchmarks. By the time the F135 enters operation in 2013, the operating fleet of F119 engines from which it is derived will have logged more than 500,000 flying hours, while the F135 will have logged more than 16,000.

    "The F135 has met or exceeded all required flight test goals, and we have absolute confidence in the engine and its future performance in support of the F-35 flight test program," Gostic said.

    For eight years and more than 11,000 test hours, Pratt & Whitney has been designing, developing and testing the F135 to deliver the most advanced fifth generation fighter engine for the U.S. Air Force, Marine Corps and Navy, as well as eight international partner countries.

    The F135 is the only engine powering the F-35 Lightning II flight test program. The F135 propulsion system is the power of choice for the F-35 and has proven it can meet diverse aircraft requirements. The ground and flight test experience demonstrates the maturity and the associated reliability of the F135 engine for armed forces around the world.

    Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and commercial building industries.

    This press release contains forward-looking statements concerning the operational prospects for certain engines and, accordingly, the potential for future business opportunities. Actual results may differ materially from those anticipated as a result of certain risks and uncertainties, including but not limited to changes in the USAF's funding related to the F-35 aircraft and F135 engines, changes in government procurement priorities and practices or in the number of aircraft to be built; challenges in the design, development, production and support of technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corporation's Securities and Exchange Commission filings.

    Erin Dick Matthew Perra P&W Military Engines Pratt & Whitney +1-860-557-0122 +1-860-565-8938 erin.dick@pw.utc.com matthew.perra@pw.utc.com

    Pratt & Whitney

    CONTACT: Erin Dick of P&W Military Engines, +1-860-557-0122,
    erin.dick@pw.utc.com, or Matthew Perra of Pratt & Whitney, +1-860-565-8938,
    matthew.perra@pw.utc.com

    Web Site: http://www.pratt-whitney.com/




    SAP Recommends Dividend of euro 0.50 Per Ordinary Share

    WALLDORF, Germany, March 26 /PRNewswire-FirstCall/ -- The Executive Board and the Supervisory Board of SAP AG recommend that shareholders approve a dividend of euro 0.50 (unchanged from previous year) per ordinary share at the Annual General Meeting of shareholders. If the shareholders approve this recommendation the total amount distributed in dividends would be approximately euro 594 million (based on the outstanding shares as of December 31, 2008), representing a pay-out ratio of 32%.

    The Annual General Meeting is scheduled for May 19, 2009 at SAP Arena in Mannheim, Germany. The payment of the dividend is scheduled for or after May 20, 2009.

    Note to holders of SAP ADRs (American Depositary Receipts): One SAP ADR (American Depositary Receipt) represents one SAP AG's Ordinary share. However, the final dividend is dependent on the Euro/US-Dollar exchange rate. SAP AG pays cash dividends in Euro, so the exchange rate fluctuations will also affect the US-Dollar amounts received by the holders of ADRs on the conversion into US-Dollars of cash dividends paid in Euro on the ordinary shares represented by the ADRs. The final dividend payment by SAP AG to the depositary bank is scheduled for May 20, 2009. The depositary bank will then convert the dividend payment from Euro into US-Dollar as promptly as practicable.

    For more information: Press Herbert Heitmann +49 (6227) 7-61137 herbert.heitmann@sap.com CET Christoph Liedtke +49 (6227) 7- 50383 christoph.liedtke@sap.com CET Guenter Gaugler +49 (6227) 7-65416 guenter.gaugler@sap.com CET Financial community Stefan Gruber +49 (6227) 7-44872 investor@sap.com CET Martin Cohen +1 (212) 653-9619 investor@sap.com EST About SAP

    SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 82,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP."

    The SAP(R) BusinessObjects(TM) portfolio transforms the way the world works by connecting people, information and businesses. With open, heterogeneous solutions in the areas of business intelligence; information management; governance, risk and compliance; and enterprise performance management, the SAP BusinessObjects portfolio enables organizations to close the gap between business strategy and execution.

    For more information, visit http://www.sap.com/.

    (*) SAP defines business software as comprising enterprise resource planning and related applications.

    Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

    Copyright (C) 2009 SAP AG. All rights reserved.

    SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.

    SAP AG

    CONTACT: Press, Herbert Heitmann, +49(6227)7-61137,
    herbert.heitmann@sap.com, or Christoph Liedtke, +49(6227)7-50383,
    christoph.liedtke@sap.com, or Guenter Gaugler, +49(6227)7-65416,
    guenter.gaugler@sap.com, or Financial community, Stefan Gruber,
    +49(6227)7-44872, investor@sap.com, or Martin Cohen, +1-212-653-9619,
    investor@sap.com, all of SAP AG

    Web Site: http://www.sap.com/




    AT&T to Invest in Its California Network Enhancing Service to Communities Across the StateAT&T to Add More Than 200 New Cell Sites and Upgrade Nearly 320 Sites to 3G

    SAN FRANCISCO, March 26 /PRNewswire-FirstCall/ -- AT&T* today unveiled its California network expansion plans for this year, targeting to add more than 200 new cell sites throughout the state, and upgrading nearly 320 more cell sites to 3G. AT&T's expansion efforts come as more and more people's lives become increasingly mobile and fast-paced, and to address the growing demand for advanced wireless data products and services.

    The expansion of its 3G wireless broadband network - the nation's fastest, according to recent data compiled by leading independent wireless research firms - is part of AT&T's ongoing effort to build the broadband networks that will create jobs and fuel economic growth, and enable its customers to access the content, applications and services that matter most to them.

    "Investment in the State's wireless broadband network is critical to keeping California competitive and providing our citizens with the best technology," said Senator Alex Padilla (D-San Fernando Valley), Chair of the Senate Energy, Utilities and Communications Committee. "Expanding and enhancing the wireless broadband network extends the benefits of broadband access to many consumers who are relying more and more on wireless technology to access the Internet."

    Today's announcement builds on AT&T's 2008 wireless investment in which it added 157 new cell sites in California and upgraded 1,031 existing sites to 3G. From 2006 to 2008, AT&T's total capital investment in its California network was nearly $7.9 billion.

    "We continue to make significant investments in California to deliver dependable, high speed wireless access in more places for consumers and business customers who need to stay connected to work, family and friends," said Ken McNeely, president, AT&T California. "Our ongoing investments in California will help us fulfill this vision while ensuring that our state has access to the advanced wireless broadband services that help drive economic growth."

    The AT&T 3G network opens the door to a new era of advanced mobile services, devices and feature-rich audio and video content, such as AT&T Video Share(SM), a first-of-its-kind technology that allows users to share live video during a wireless call.

    "Our number one priority in 2009 is to continue to enhance the wireless network so our customers have a top notch experience every time they make a call, check an e-mail or surf the Internet on their AT&T device," said Fred Devereux, regional president, AT&T West.

    AT&T's wireless network is based on GSM (Global System for Mobile Communications) technologies, the most open and widely used wireless network platform in the world. As a result, only AT&T can offer 3G data roaming in more than 70 countries, as well as voice calling in more than 200 countries, in addition to AT&T's continuous 3G expansion in the U.S. AT&T's 3G network is now available in nearly 350 U.S. major metropolitan areas.

    AT&T operates 252 AT&T-owned retail locations in California. AT&T's products and services are also available at a number of other authorized dealers and national retail locations.

    For more information about AT&T's wireless coverage in California, or anywhere in the United States, consumers can go to http://www.wireless.att.com/coverageviewer/. The online tool can measure the quality of coverage based on a street address, intersection, ZIP code or even a landmark.

    *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.

    All other marks contained herein are the property of their respective owners.

    AT&T Inc.

    CONTACT: John Britton of AT&T Inc., +1-415-778-1350, or Mobile,
    +1-415-370-6397, john.britton@att.com

    Web Site: http://www.att.com/




    Verizon Protection Paks Relieve Stress for Consumers Whose Phone, PC or TV Stops Working at Just the Wrong MomentValue-Added Service Saves Money in Today's Challenged Economy

    NEW YORK, March 26 /PRNewswire/ -- Sports fans across the country will soon be looking for the best seat in the house as playoff fever replaces spring fever and champions are crowned in various leagues.

    This spring, fans will watch important sporting events on TVs of all sizes in homes, restaurants, schools and taverns as well as online on PCs, cell phones and other portable media devices.

    Yet, regardless of where and how fans catch the big game and cheer on rival teams with friends, one thing fans have in common is the need to see the games in crystal-clear and uninterrupted fashion, with no downtime caused by a TV or PC gone bad. That's where Verizon can help.

    First, Verizon's robust all-fiber-optic network delivers industry-leading FiOS TV and FiOS Internet services. Verizon also offers a highly reliable Internet broadband service that uses a digital-subscriber-line-based network, with options to watch award-winning DIRECTV satellite service when purchased as part of a wireline bundle of communication services.

    Second, Verizon Protection Paks offer various protection plans that cover some or all of a customer's household electronics -- a money-saving service in today's challenged economy as consumers seek the best value to protect their in-home devices that can often be neglected and go on the blink at the worst time.

    Verizon's device protection plans free consumers from paying an extended TV warranty at a retail store and covers all of their TVs -- regardless of age -- for just $9.99 per month. Additionally, Verizon can provide similar protection for multiple PCs for just $9.99 per month, or a single PC for just $6.99 per month. Additional protection for customers' home landline phones costs just $4.99 per month for all the phones in a residence.

    Seeking the most comprehensive protection? Customers can also order the Verizon Protection Pak Enhanced service, which covers TVs, computers and phones for just $19.99 per month.

    This complete package provides repair and replacement coverage, including on-site service for larger devices, and power surge protection, for computers, televisions and telephones -- regardless of their age or size -- in addition to the manufacturer's warranty. The Enhanced package also covers computer monitors (19 inches or smaller), modems, keyboards, mice, remote controls and FiOS backup batteries.

    Pre-existing conditions are not covered. A $75 service charge applies for TVs, computers and monitors. Coverage starts 31 days after the Verizon Protection Pak plan is ordered. Claims for TVs or PCs cannot exceed $2,500, and for phones cannot exceed $400 per 12-month rolling period.

    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: Kevin Laverty, MCDM, +1-425-261-5855,
    kevin.laverty@verizon.com, or Bill Kula, APR, +1-972-718-6924,
    william.kula@verizon.com

    Web Site: http://www.verizon.com/

    Company News On-Call: http://www.prnewswire.com/comp/094251.html




    Veltex Corporation Holds 2009 Annual Meeting of StockholdersBoard Elects R. Preston Roberts Chairman of the Board

    CHICAGO, March 26 /PRNewswire-FirstCall/ -- Veltex Corporation (Pink Sheets: VLXC) announced that at the 2009 Annual Meeting of Stockholders held in Chicago on March 10, 2009, its shareholders elected a complete slate of five new directors to the board. Those elected were R. Preston Roberts, Wayne H. Hanson, James Jacob, Robert Fletcher and Stephen G. Macklem which now comprise the entire Board of Directors of Veltex.

    Additionally, at the regularly scheduled meeting of the Board of Directors held in conjunction with the Annual Meeting, the Board elected R. Preston Roberts, Chairman of the Board.

    Mr. Roberts told those attending at the meeting that "I am honored to lead Veltex into the next phase and shareholders should expect to see developments in the near future as we are exploring all options available to us to augment shareholder worth. I am excited about working with this highly experienced and talented board of directors. This is a team long overdue at Veltex."

    Wayne H. Hanson was named as President. Mr. Hanson also commented that "Veltex under this new leadership will be putting a renewed emphasis on raising capital and securing lines of credit. Further, we will be looking to the current economic downturn which should present numerous opportunities for the Board to explore. This new Board intends to move swiftly with plans to vitalize Veltex."

    Veltex recently moved its corporate operations to 123 West Madison Avenue in Chicago, Illinois. The company has also changed transfer agents and is now contracted with the Illinois Stock Transfer Company in Chicago.

    "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Veltex or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

    Veltex Corporation

    CONTACT: Investors, Stephen G. Macklem, Secretary / Treasurer of Veltex
    Corporation, +1-312-235-4014

    Web Site: http://www.veltexcorp.com/

    page 1     page 2     page 3     page 4    

    News archive of November 2009
    1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27  28  29  30 



    News Archives of March 2009
    1   2   3   4   5   6   7   8   9   10   11   12   13   14   15   16   17   18   19   20   21   22   23   24   25   26   27   28   29   30   31  

    News Archives other dates
        2009:   Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec    
        2008:   Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec    
        2007:   Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec    
        2006:   Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec