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Companies news of 2009-04-21 (page 1)

  • Adaptec Series 5 Unified Serial(R) (SATA/SAS) RAID Controller Family to Support VMware...
  • Tyco Electronics Sets June 22, 2009 as Date for Annual and Special General Meetings of...
  • LogicVision Reports First Quarter Financial Results
  • Seagate Technology Reports Fiscal Third Quarter 2009 Results- Cash balance increases to...
  • SRA Selected by FAA for Low Cost Ground Surveillance ProgramLeveraging Era's Domain...
  • MMR Information Systems, Inc. Announces Ticker Symbol Change
  • Herley's Micro Systems, Inc. is Contracted to Design and Build Radar Target and ECM...
  • Golden Princess Enters Drydock for Dramatic Makeover; Transformation Chronicled Daily With...
  • CSC Insurance Software Clients Land Celent Model Carrier Designation for Third Consecutive...
  • Number of U.S. Online Banking Customers Continues to Grow Despite Challenging Financial...
  • SonicWALL SMB Appliance Awarded SC Magazine Best Buy and Wins Perfect ReviewSonicWALL's...
  • Federal Court Orders Judgment in Favor of ClearOne for Approximately $9.7 Million in Trade...
  • GVI Security Samsung Electronics To Exhibit at Expo Seguridad Mexico
  • MultiVu's Digital Center Facilitates Efficient Archiving and Sharing of Multimedia...
  • LogicVision, Toppan and Syswave Forge a Value-Added Relationship to Offer Design, DFT and...
  • Beyond Commerce, Inc. Clarifies Posting of 3rd Quarter Financials on Yahoo FinanceThis is...
  • Microsoft Outlines Progress Toward Safer, More Trusted InternetCollaboration, alignment...
  • Recycle the Old and Bring in the New With EpsonEPSON AMERICA'S BRIGHTER FUTURES(R)...
  • BLUERIDGE Analytics(R) Names Al Wojcik Vice President of Sales
  • Lockheed Martin Wins Role on U.S. Army Battle Command System Management ContractCompany to...
  • CA to Present at Investor Conferences
  • Regal Beloit Corporation to Hold First Quarter 2009 Earnings Conference Call on Thursday,...
  • NETGEAR Extends Networks For Entertainment Using Coax Outlets With Availability of MoCA...
  • Linedata Services Launches Even More Powerful Version of LongView Trading OMS
  • Light Reading Asia Launches With Deep Focus on India
  • Verizon's Green Initiatives Recognized in Environmental Defense Fund's Innovations Review...
  • Perot Systems to Webcast First Quarter 2009 Results of Operations on May 5th
  • Canada Ranks as a Global Leader in Online Video ViewingAverage Canadian Watched 10 Hours...
  • Outsourcing Market Shows Continued Softness in First Quarter of 2009Total contract value...



    Adaptec Series 5 Unified Serial(R) (SATA/SAS) RAID Controller Family to Support VMware vSphere(TM)Adaptec Works with VMware to Further Next-Generation Computing and Enable Customers to Benefit from the Cloud OS

    MILPITAS, Calif., April 21 /PRNewswire-FirstCall/ -- Adaptec, Inc. , a global leader in storage solutions and VMware Technology Alliance Partner (TAP) program member, today announced immediate support for VMware vSphere(TM). Adaptec's Series 5 Unified Serial (SATA/SAS) RAID Controller Family is supported natively via an in-box driver, ready for immediate installation. Launched today, VMware vSphere is the industry's first cloud operating system, transforming datacenters into dramatically simplified cloud infrastructures to enable the next generation of flexible, reliable IT services. VMware vSphere gives customers uncompromising control, with greater efficiency, while preserving customer choice.

    By supporting VMware vSphere, Adaptec can further extend the value of its Series 5 Unified Serial (SATA/SAS) RAID Controller Family into customers' next-generation datacenters and help enable customers to manage large collections of infrastructure - including CPUs, storage and networking - as a seamless, flexible and dynamic cloud environment.

    "We are pleased that Adaptec has taken this next step to helping provide customers with a more flexible, reliable and scalable computing environment," said Bernie Mills, senior director, alliance programs, VMware. "By supporting VMware vSphere, our partners can further enable increased efficiency, control and choice for customers."

    "Virtualization and cloud computing environments are constantly changing and adapting to meet the demands of growing enterprises, and VMware vSphere provides the most feature-rich solution available today to meet and exceed these growing needs," said Scott Cleland, director of marketing, Adaptec. "Our support of VMware vSphere is an indication of our commitment to our customer base, allowing customers to easily enhance the scalability and reliability of cloud computing data centers, and thereby delivering cost-effective, high-performance solutions for increasing data storage access in virtualization environments."

    About Adaptec

    Adaptec provides trusted storage solutions that reliably move, manage, and protect critical data and digital content. Adaptec's software and hardware-based solutions are delivered through leading channel partners and Original Equipment Manufacturers (OEMs) to provide storage connectivity, data protection, and networked storage to enterprises, government organizations, medium and small businesses worldwide. More information is available at http://www.adaptec.com/.

    Adaptec is a registered trademark and Unified Serial is a trademark in the United States and other countries. Other company names are trademarks or registered trademarks of their respective owners. Adaptec disclaims any and all rights in these trademarks.

    Contact: Sara Lee Walt & Company for Adaptec 408-369-7200 ex. 2980 slee@walt.com

    Adaptec, Inc.

    CONTACT: Sara Lee of Walt & Company, +1-408-369-7200, ext. 2980,
    slee@walt.com, for Adaptec, Inc.

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




    Tyco Electronics Sets June 22, 2009 as Date for Annual and Special General Meetings of Shareholders

    PEMBROKE, Bermuda, April 21 /PRNewswire-FirstCall/ -- Tyco Electronics Ltd. today announced that its rescheduled annual general meeting of shareholders will be held on June 22, 2009 at 2:00 p.m., Atlantic Time (1:00 p.m., Eastern Time). This annual general meeting will coincide with the date of the company's special general meeting of shareholders relating to its previously-announced proposed change of place of incorporation from Bermuda to Switzerland. The special general meeting is scheduled to begin at 2:30 p.m., Atlantic Time (1:30 p.m., Eastern Time) -- or as soon as practicable thereafter following the annual general meeting. Both the annual general meeting and the special general meeting will be held at the Fairmont Hamilton Princess Hotel, 76 Pitts Bay Road, Pembroke, Bermuda.

    Because the date for the 2009 annual general meeting has changed by more than 30 days, the date for shareholder proposals submitted in accordance with the company's bye-laws previously published in last year's annual general meeting proxy statement has changed and is discussed in a Form 8-K filed by the company today with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/.

    ABOUT TYCO ELECTRONICS

    Tyco Electronics Ltd. is a leading global provider of engineered electronic components, network solutions, undersea telecommunication systems and wireless systems, with fiscal 2008 sales of US$14.8 billion to customers in more than 150 countries. We design, manufacture and market products for customers in industries from automotive, appliance and aerospace and defense to telecommunications, computers and consumer electronics. With nearly 8,000 engineers and worldwide manufacturing, sales and customer service capabilities, Tyco Electronics' commitment is our customers' advantage. More information on Tyco Electronics can be found at http://www.tycoelectronics.com/.

    Tyco Electronics Ltd.

    CONTACT: Media Relations: Sheri Woodruff, +1-610-893-9555, or mobile,
    +1-609-933-9243, swoodruff@tycoelectronics.com, or Investor Relations: John
    Roselli, +1-610-893-9559, john.roselli@tycoelectronics.com, or Keith Kolstrom,
    +1-610-893-9551, keith.kolstrom@tycoelectronics.com

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




    LogicVision Reports First Quarter Financial Results

    SAN JOSE, Calif., April 21 /PRNewswire-FirstCall/ -- LogicVision, Inc. , a leading provider of semiconductor built-in-self-test (BIST) and diagnostic solutions, today announced its financial results for the first quarter ended March 31, 2009.

    First Quarter 2009 Results

    Revenues in the first quarter of 2009 were $3.1 million, compared with $3.0 million in the fourth quarter of 2008.

    Net loss in the first quarter of 2009 was $104,000, or $0.01 per share, compared with a net loss of $782,000, or $0.08 per share, reported in the fourth quarter of 2008. The first quarter net loss includes approximately $243,000 in costs associated with considering strategic alternatives, as indicated in the company's December 16, 2008 press release.

    Operating expenses were $2.6 million in the first quarter, including $120,000 of stock-based employee compensation charges in accordance with SFAS 123 (R). This compares with $3.0 million of operating expenses in the fourth quarter of 2008, including $83,000 of stock-based employee compensation charges in accordance with SFAS 123(R).

    At March 31, 2009, LogicVision had $6.9 million in cash, cash equivalents, and investments compared with $9.4 million at December 31, 2008. In addition, the company had accounts receivable of $1.9 million at March 31, 2009, compared with $500,000 at December 31, 2008. The company has no debt.

    New orders received during the fourth quarter totaled $2.6 million. The company exited the first quarter with a 12-month backlog of $10.7 million, compared with a 12-month backlog of $9.9 million at the end of the fourth quarter. The company's total backlog was $17.4 million as of March 31, 2009.

    "Operationally, LogicVision performed well during the first quarter of 2009, especially in light of the current state of the economy," said James T. Healy, president and CEO of LogicVision. "This allowed us to achieve solid first quarter financial results, including revenues in line with guidance, cash and cash equivalents at about $6.9 million, with cash and receivables totaling about $8.9 million, and strong quarterly bookings. We were pleased to have recorded our first quarter of operating profit in the past seven years; however, the approximate $243,000 in costs we incurred associated with considering our strategic alternatives resulted in a net loss for the quarter.

    "While there are preliminary indications that the economy may be reaching a bottom, we believe that the recovery will take some time. Some of our customers are continuing to express uncertainty about their businesses and as such, we plan to continue our ongoing cost-control measures this quarter. In the longer term, we believe that the economic turmoil has caused some companies to more seriously re-evaluate their 'make' versus 'buy' decisions, which could positively impact us in the future."

    Guidance for the Second Quarter of 2009 -- Revenues are expected to be in the range of $2.9 million to $3.0 million. -- Net loss is expected to be in the range of $100,000 to $0, or a net loss in the range of $0.01 to $0.00 per share. We expect to be break-even, or profitable, on an operating basis. -- Cash, cash equivalents and investments are expected to be between approximately $5.5 million and $6.0 million at the end of the second quarter. Conference Call

    LogicVision will broadcast its conference call discussion of first quarter of 2009 financial results today, April 21, 2009 at 2 p.m. Pacific time. To listen to the call, please dial 888-603-9710, pass code: "LogicVision." A taped replay will be made available approximately one hour after the conclusion of the call and will remain available for one week. To access the replay, dial 203-369-3653. The LogicVision financial results conference call will be available via a live web cast on the investor relations section of the company's web site at http://www.logicvision.com/. An archived web cast of the call will be available at http://www.logicvision.com/ for one year.

    About LogicVision Inc.

    LogicVision provides a comprehensive set of proprietary built-in-self-test (BIST) technologies for achieving the highest quality silicon manufacturing test while reducing test costs for complex System-on-Chip devices. LogicVision's Dragonfly Test Platform(TM) enables integrated circuit designers to embed BIST functionality into a semiconductor design. This functionality is used during semiconductor production test and throughout the useful life of the chip. The complete Dragonfly Test Platform, including the ETCreate(TM), Silicon Insight(TM) and Yield Insight(TM) product families, improves profit margins by reducing device field returns and test costs, accelerating silicon bring-up times and shortening both time-to-market and time-to-yield. For more information on the company and its products, please visit the LogicVision website at http://www.logicvision.com/.

    FORWARD LOOKING STATEMENTS:

    Except for the historical information contained herein, the matters set forth in this press release, including statements as to the effects of economic turmoil on the Company's business, and the Company's expected financial results, including revenues, net loss, breakeven or profitability status on an operating basis, and cash, cash equivalents and investments, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, including, but not limited to, the possibility that orders could be modified or cancelled, existing customer orders may not be renewed, customers may not adopt or expand their use of the Company's products, the ability of the Company to negotiate and sign customer agreements and obtain purchase orders, trends in capital spending in the semiconductor industry, the timing and nature of customer orders, whether customers accept the Company's new and existing products, the impact of competitive products and alternative technological advances, the effects of the Company's consideration of strategic alternatives, and other risks detailed in LogicVision's Annual Report on Form 10-K for the year ended December 31, 2008 and from time to time in LogicVision's SEC reports. These forward-looking statements speak only as of the date hereof. LogicVision disclaims any obligation to update these forward-looking statements.

    LogicVision, ETCreate, ScanBurst, ETMemory, Silicon Insight, Yield Insight and LogicVision logos are trademarks or registered trademarks of LogicVision Inc. in the United States and other countries.

    - Summary financial data follows - LOGICVISION, INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share data) March 31, December 31, 2009 2008 ---- ---- ASSETS Current Assets: Cash and cash equivalents $6,917 $9,249 Short-term investments - 150 Accounts receivable, net of allowance for doubtful accounts of $20 and $5, respectively 1,944 504 Prepaid expenses and other current assets 831 593 --- --- Total current assets 9,692 10,496 Property and equipment, net 347 411 Goodwill 6,846 6,846 Other long-term assets 203 206 --- --- Total assets $17,088 $17,959 ======= ======= LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $773 $516 Accrued liabilities 1,578 1,791 Deferred revenue, current portion 7,703 7,871 ----- ----- Total current liabilities 10,054 10,178 Deferred revenue 1,043 1,703 Other long-term liabilities 76 187 -- --- Total liabilities 11,173 12,068 ------ ------ Commitments and contingencies Stockholders' Equity: Preferred stock, $0.0001 par value: Authorized: 5,000 shares; Issued and outstanding: no shares issued and outstanding - - Common stock, $0.0001 par value: Authorized: 50,000 shares; Issued and outstanding: 9,474 shares at March 31, 2009 and 9,460 shares at December 31, 2008 1 1 Additional paid-in capital 109,383 109,247 Accumulated other comprehensive income (loss) (37) (29) Accumulated deficit (103,432) (103,328) -------- -------- Total stockholders' equity 5,915 5,891 ----- ----- Total liabilities and stockholders' equity $17,088 $17,959 ======= ======= LOGICVISION, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) Three Months Ended March 31, --------- 2009 2008 ---- ---- Revenues: Bundled license and maintenance $2,720 $2,815 Upfront license 61 - Professional service 283 155 --- --- Total revenues 3,064 2,970 ----- ----- Cost of revenues: Bundled license and maintenance 468 754 Professional service 136 77 --- -- Total cost of revenues 604 831 --- --- Gross profit 2,460 2,139 ----- ----- Operating expenses: Research and development 800 1,008 Sales and marketing 843 1,506 General and administrative 687 894 Cost related to strategic alternatives 243 - --- - Total operating expenses 2,573 3,408 ----- ----- Loss from operations (113) (1,269) Interest and other income, net 9 18 - -- Loss before provision for income taxes (104) (1,251) Income tax provision - 15 - -- Net loss $(104) $(1,266) ===== ======= Net loss per common share, basic and diluted $(0.01) $(0.13) ====== ====== Weighted average number of shares outstanding, basic and diluted 9,468 9,674 ===== =====

    LogicVision, Inc.

    CONTACT: Mei Song, LogicVision +1-408-452-2486
    InvestorRelations@logicvision.com

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




    Seagate Technology Reports Fiscal Third Quarter 2009 Results- Cash balance increases to $1.5 billion- Exceeds revenue outlook; reports revenue of $2.1 billion- Expects ongoing margin improvement and return to profitability within fiscal year 2010

    SCOTTS VALLEY, Calif., April 21 /PRNewswire-FirstCall/ -- Seagate Technology today reported results for the quarter ended April 3, 2009 of 38 million disk drive unit shipments, revenue of $2.1 billion, a net loss of $273 million and net loss per share of $0.56. Net loss and net loss per share for the quarter include $18 million of purchased intangibles amortization and other charges associated with acquisitions, and restructuring and related accelerated depreciation charges of $36 million. The aggregate impact of these items is a $54 million loss or approximately $0.11 per share loss. Of the $36 million for restructuring and related accelerated depreciation charges, $11 million was for accelerated depreciation charges recorded in product development expense and $25 million was restructuring and substantially relates to global headcount reductions.

    For the nine months ended April 3, 2009 the company reported results of disk drive unit shipments of 123 million, revenue of $7.5 billion, a net loss of $3.0 billion, and net loss per share of $6.17. Net loss and net loss per share include $56 million of purchased intangibles amortization and other charges associated with acquisitions, charges related to restructuring activities of $181 million, a charge of $271 million that reflects an unfavorable adjustment to the valuation allowance related to the company's deferred tax assets and a $2.3 billion charge relating to the write-off of goodwill and other long-lived assets. The aggregate impact of these items is a $2.8 billion reduction in earnings, or a decrease of approximately $5.75 per share. Of the $181 million in restructuring related charges, $55 million was for accelerated depreciation charges, with $30 million recorded in cost of revenue and $25 million in product development expense. The majority of the remaining balance of the restructuring charges relate to global headcount reductions.

    "I am encouraged by the progress we're making in improving our operational performance," said Steve Luczo, Seagate chairman and chief executive officer. "As a result, assuming a relatively stable business environment, we believe we can improve margins and reach profitability within fiscal year 2010."

    Business Outlook

    While there are signs of improved visibility, the ongoing uncertainty in global economic conditions makes it difficult to predict product demand and other related matters, which makes it more likely that Seagate's actual results could differ materially from current expectations.

    For the June quarter, in light of the company's view of the current market environment, the company is planning for the overall demand for disk drives to be relatively flat as compared to the March quarter. Consequently, the company expects revenue to be approximately $1.9 - $2.2 billion and gross margin as a percent of revenue to improve by 300-400 basis points as compared to the March quarter. Product development and marketing/administrative costs are expected to decrease to approximately $340 million while other income and expense is expected to be an expense of approximately $40 million. Net loss per share is expected to be between $0.37 - $0.47, which includes approximately $41 million or $0.08 per share for restructuring, purchased intangibles amortization and other charges associated with acquisitions.

    The fiscal fourth quarter 2009 outlook does not include the impact of any future mergers, acquisitions, dispositions or other business combinations, financing or potential new restructuring activities the company may undertake.

    As part of the company's ongoing cost structure alignment, additional restructuring actions are currently being addressed. The company believes opportunities exist to reduce operating costs in product development, marketing/administrative and manufacturing areas to target a cost structure that generates positive cash flow and earnings within its fiscal year 2010. Consequently, the company expects to incur restructuring charges in the June quarter of an undetermined amount.

    Cash and Liquidity

    The company remains focused on building liquidity and strengthening its balance sheet over the long-term. To that end, Seagate has taken actions and obtained sources of liquidity to support the business while the current negative economic condition persists. The results of these decisions and actions include:

    -- On April 3, 2009, Seagate entered into a Second Amended and Restated Credit Agreement the purpose of which is to increase the company's flexibility in meeting its obligations under its existing credit agreement, executed on September 19, 2006. -- On April 16, 2009, Seagate priced $430 million of 10% senior secured second-priority notes due 2014. The net proceeds are expected to be used for general corporate purposes, including the repayment or repurchase of all or some of the company's $300 million aggregate principal amount of floating rate senior notes due October 1, 2009 and other indebtedness. -- Cash, cash equivalents and short-term investments increased $172 million quarter-over-quarter, to $1.5 billion. -- Compared to the prior quarter, days sales outstanding (DSO) was down five days to 37 days, days payable outstanding (DPO) decreased by one day to 63 days and days of inventory outstanding (DIO) decreased by 11 days to 26. In aggregate, our cash conversion cycle decreased by 15 days to zero. Improvement in DSO reflects the linearity of shipments during the quarter, while the improvement in DIO is a result of reducing inventory by roughly 28%. -- Investment in capital equipment during the March quarter was $59 million and for the first nine months of the company's fiscal year 2009 was approximately $553 million. The company currently expects fiscal 2009 investment in capital equipment to be approximately $650 million. Based on the company's current macroeconomic view it expects fiscal year 2010 capital investment to be approximately $450 million. -- Management has recommended and the board has adopted a policy of not paying a quarterly dividend. This action coupled with the reduction of the dividend in January 2009 reduces cash obligations by about $230 million annually.

    Additional information relating to the financial results for the third fiscal quarter of 2009 can be found online at seagate.com.

    Conference Call

    Seagate will hold a conference call to review the fiscal third quarter results at 2:00 p.m. Pacific Time today. The conference call can be accessed online at seagate.com or by phone as follows:

    USA: (877) 223-6202 International: (706) 679-3742 Conference ID: 90458329 Replay

    A replay will be available beginning today at 6:00 p.m. Pacific Time through April 28 at 8:59 p.m. Pacific Time. The replay can be accessed from seagate.com or by phone as follows:

    USA: (800) 642-1687 International: (706) 645-9291 Conference ID: 90458329 About Seagate

    Seagate is the worldwide leader in the design, manufacture and marketing of hard disk drives and storage solutions, providing products for a wide-range of applications, including Enterprise, Desktop, Mobile Computing, Consumer Electronics and Branded Solutions. Seagate's business model leverages technology leadership and world-class manufacturing to deliver industry-leading innovation and quality to its global customers, with the goal of being the time-to-market leader in all markets in which it participates. The company is committed to providing award-winning products, customer support and reliability to meet the world's growing demand for information storage. Seagate can be found around the globe and at http://www.seagate.com/.

    Cautionary Note Regarding Forward-Looking Statements

    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 forward-looking statements include, but are not limited to, statements related to the company's future operating and financial performance, including expected revenue, net loss and product competition, customer demand for our products, the impact of our recent and anticipated cost reduction efforts and general market conditions. These forward-looking statements are based on information available to Seagate as of the date of this press release. Current expectations, forecasts and assumptions involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those anticipated by these forward-looking statements. Such risks, uncertainties, and other factors may be beyond the company's control. In particular, uncertainty in global economic conditions pose a risk to the overall economy as consumers and businesses may defer purchases in response to tighter credit and negative financial news. Such risks and uncertainties also include the impact of the variable demand and the aggressive pricing environment for disk drives, particularly in view of current business and economic conditions; dependence on Seagate's ability to successfully qualify, manufacture and sell its disk drive products in increasing volumes on a cost-effective basis and with acceptable quality, particularly the new disk drive products with lower cost structures; the impact of competitive product announcements and possible excess industry supply with respect to particular disk drive products; and our ability to achieve projected cost savings in connection with our anticipated and announced restructuring plans. Information concerning risk, uncertainties and other factors that could cause results to differ materially from those projected in the forward-looking statements is contained in the company's Annual Report on Form 10-K as filed with the U.S. Securities and Exchange Commission on August 13, 2008, and in the company's Quarterly Report on Form 10-Q as filed with the U.S. Securities and Exchange Commission on February 10, 2009, which statements are incorporated into this press release by reference. These forward-looking statements should not be relied upon as representing the company's views as of any subsequent date and Seagate undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made.

    SEAGATE TECHNOLOGY CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) April 3, June 27, 2009 2008 (a) ---- -------- ASSETS Cash and cash equivalents $1,352 $990 Short-term investments 129 151 Accounts receivable, net 872 1,410 Inventories 577 945 Deferred income taxes 150 274 Other current assets 464 502 --- --- Total Current Assets 3,544 4,272 Property, equipment and leasehold improvements, net 2,355 2,464 Goodwill 31 2,352 Other intangible assets, net 62 111 Deferred income taxes 453 616 Other assets, net 181 305 --- --- Total Assets $6,626 $10,120 ====== ======= LIABILITIES AND SHAREHOLDERS' EQUITY Short-term borrowings $350 $- Accounts payable 1,389 1,652 Accrued employee compensation 117 440 Accrued warranty 216 226 Accrued expenses 448 599 Accrued income taxes 9 10 Current portion of long-term debt 320 360 --- --- Total Current Liabilities 2,849 3,287 Long-term accrued warranty 230 219 Long-term accrued income taxes 167 210 Other non-current liabilities 116 148 Long-term debt, less current portion 1,680 1,670 ----- ----- Total Liabilities 5,042 5,534 Shareholders' Equity 1,584 4,586 ----- ----- Total Liabilities and Shareholders' Equity $6,626 $10,120 ====== ======= (a) The information in this column was derived from the Company's audited consolidated balance sheet as of June 27, 2008. SEAGATE TECHNOLOGY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share data) (Unaudited) For the Three For the Nine Months Ended Months Ended April 3, March 28, April 3, March 28, 2009 2008 2009 2008 ---- ---- ---- ---- Revenue $2,150 $3,104 $7,452 $9,809 Cost of revenue 1,993 2,288 6,448 7,295 Product development 243 254 738 758 Marketing and administrative 134 164 424 484 Amortization of intangibles 13 15 41 41 Restructuring and other, net 25 20 126 52 Impairment of goodwill and other long-lived assets - - 2,290 - --- --- ----- --- Total operating expenses 2,408 2,741 10,067 8,630 ----- ----- ------ ----- Income (loss) from operations (258) 363 (2,615) 1,179 Interest income 3 16 15 51 Interest expense (35) (30) (95) (96) Other, net 1 - (26) 13 --- --- --- --- Other income (expense), net (31) (14) (106) (32) --- --- ---- --- Income (loss) before income taxes (289) 349 (2,721) 1,147 Provision for (benefit from) income taxes (16) 5 284 45 --- --- --- --- Net income (loss) $(273) $344 $(3,005) $1,102 ===== ==== ======= ====== Net income (loss) per share: Basic $(0.56) $0.68 $(6.17) $2.11 Diluted (0.56) 0.65 (6.17) 2.02 Number of shares used in per share calculations: Basic 489 507 487 522 Diluted 489 530 487 549 SEAGATE TECHNOLOGY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) For the Nine Months Ended April 3, March 28, 2009 2008 ---- ---- OPERATING ACTIVITIES Net income (loss) $(3,005) $1,102 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Depreciation and amortization 707 631 Stock-based compensation 70 86 Impairment of goodwill and other long-lived assets 2,290 - Deferred income taxes 295 17 Other non-cash operating activities, net (8) (10) Changes in operating assets and liabilities: Accounts receivable 534 (8) Inventories 368 (279) Accounts payable (263) 614 Accrued expenses, employee compensation and warranty (590) 147 Other assets and liabilities 233 (157) --- ----- Net cash provided by (used in) operating activities 631 2,143 --- ----- INVESTING ACTIVITIES Acquisition of property, equipment and leasehold improvements (553) (637) Proceeds from sale of fixed assets 4 29 Purchases of short-term investments (124) (439) Maturities and sales of short-term investments 146 425 Proceeds from sale of investment in equity securities 11 - Acquisitions, net of cash acquired - (78) Other investing activities, net 4 15 --- --- Net cash provided by (used in) investing activities (512) (685) ---- ---- FINANCING ACTIVITIES Proceeds from short-term borrowings 350 - Repayment of long-term debt (20) (34) Proceeds from exercise of employee stock options and employee stock purchase plan 45 172 Dividends to shareholders (132) (159) Repurchases of common shares - (1,284) Other financing activities, net - 2 --- --- Net cash provided by (used in) financing activities 243 (1,303) --- ------- Increase (decrease) in cash and cash equivalents 362 155 Cash and cash equivalents at the beginning of the period 990 988 --- --- Cash and cash equivalents at the end of the period $1,352 $1,143 ====== ======

    Seagate Technology

    CONTACT: Media Relations, Brian Ziel, +1-831-439-5429,
    brian.ziel@seagate.com, or Investor Relations, Rod Cooper, +1-831-439-2371,
    rod.j.cooper@seagate.com, both of Seagate Technology

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




    SRA Selected by FAA for Low Cost Ground Surveillance ProgramLeveraging Era's Domain Expertise to Rapidly Deliver a Mission Critical Surveillance Solution - Contract's Value is over $20M

    FAIRFAX, Va., April 21 /PRNewswire-FirstCall/ -- SRA International, Inc. , a leading provider of technology and strategic consulting services and solutions to government organizations and commercial clients, today announced it has been awarded a five year indefinite delivery indefinite quantity (IDIQ) delivery order-based contract by the Federal Aviation Administration (FAA) to provide a low cost ground surveillance (LCGS) solution for small- to medium-sized airports in the National Airspace System (NAS). This builds on SRA's long standing relationship with the FAA and leverages the company's domain expertise in surveillance technology. The multiple-award contract has a ceiling value of more than $20 million over five years.

    One of the FAA's top priorities is to reduce the risk of runway incursions in the NAS while maximizing operational efficiency and ensuring airport capacity. The LCGS program is one of several initiatives aimed at reducing the number and severity of incidents at close to 500 U.S. towered airports where current airport surface detection equipment (i.e. ASDE-3 and ASDE-X) is too expensive to deploy. LCGS would provide an added layer of safety by giving air traffic controllers basic ground surveillance for aircraft and vehicles operating on runways and adjacent taxiways. LCGS would also provide a foundational platform for future runway safety applications and systems.

    "The solution that SRA will deliver to the FAA is derived from a mature commercial off-the-shelf advanced surface movement guidance and control system (COTS A-SMGCS) that is currently operational at large international airports, such as Frankfurt and Munich, which typically rank in the top 20 world airports by number of aircraft movements," said SRA President and CEO Stan Sloane. "We are committed to supporting the FAA's mission of reducing the risk of runway incursions in the U.S. by delivering a highly advanced, yet cost-effective solution for airports in the national airspace system."

    SRA's LCGS solution, which has an intuitive and configurable ATC computer-human interface (CHI), is easily scalable and adaptable to accommodate varying airport sizes and runway configurations in a range of visibility and weather conditions. SRA's solution provides the FAA and airport authorities with a platform that can cost-effectively expand to meet their future requirements, such as the need to integrate ADS-B information, airfield lighting control systems, traffic information system-broadcast (TIS-B) and multiltateration surveillance technologies.

    "Deploying an LCGS solution to multiple, unique airports in a timely manner, at an affordable cost and with low risk, requires an experienced systems integration team that can combine proven COTS components to meet the FAA's critical program requirements and has also delivered an operationally proven integrated system at the most complex airports," said Bernard Asare, SRA's director for the Americas region. "SRA has the skills and experience. With the expertise to understand available airport surveillance technologies, we proposed an LCGS solution consisting of HITT's A3000 ATC display and surveillance data fusion system integrated with Terma's SCANTER X-Band surface movement radar (SMR)."

    For more than 30 years, SRA has provided the U.S. federal government with advanced information technology systems integration and services to solve complex problems of national significance. Era Systems Corporation, a subsidiary of SRA, also brings more than 30 years of experience delivering complex airport systems in diverse environments worldwide.

    About SRA International, Inc.

    SRA and its subsidiaries are dedicated to solving complex problems of global significance for government organizations serving the national security, civil government and global health markets. Founded in 1978, the company and its subsidiaries have expertise in such areas as air surveillance and air traffic management; contract research organization (CRO) services; cybersecurity; disaster response planning; enterprise resource planning; environmental strategies; IT systems, infrastructure and managed services; logistics; public health preparedness; strategic management consulting; systems engineering; and wireless integration.

    FORTUNE(R) magazine has chosen SRA as one of the "100 Best Companies to Work For" for ten consecutive years. The company and its subsidiaries employ more than 6,900 employees serving clients from headquarters in Fairfax, Va., and offices around the world. For additional information on SRA, please visit http://www.sra.com/.

    Any statements in this press release about future expectations, plans, and prospects for SRA, including statements about the estimated value of the contract and work to be performed, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements. In addition, the forward-looking statements included in this press release represent our views as of April 21, 2009. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to April 21, 2009.

    SRA International, Inc.

    CONTACT: Sheila S. Blackwell, Vice President, Communications & Public
    Affairs, +1-703-227-8345, sheila_blackwell@sra.com, or Daniel Finkel, Manager,
    Sector Communications, +1-703-284-6263, daniel_finkel@sra.com, both of SRA
    International, Inc.

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




    MMR Information Systems, Inc. Announces Ticker Symbol Change

    LOS ANGELES, April 21 /PRNewswire-FirstCall/ -- MMR Information Systems, Inc., which through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. (collectively, "MMR") provides Web-based consumer-controlled Personal Health Records ("PHRs") (http://www.mymedicalrecords.com/) and electronic safe deposit box storage solutions (http://www.myesafedepositbox.com/), announced today that its ticker symbol will change from FVRL to MMRF effective upon market opening on Wednesday, April 22, 2009. The company will continue to trade on the OTC Bulletin Board.

    The new ticker symbol follows the company's name change on February 9, 2009 from Favrille, Inc. to MMR Information Systems, Inc. to better reflect its flagship Personal Health Record product, available at http://www.mymedicalrecords.com/, and related Electronic Medical Record solutions (http://www.mymedicalrecordsmd.com/) for the professional marketplace.

    About MMR Information Systems, Inc.

    MMR Information Systems, Inc. (formerly Favrille, Inc.), through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. (collectively, "MMR"), provides secure and easy-to-use Web-based Personal Health Record (PHR) and electronic safe deposit box storage solutions, serving consumers, healthcare professionals, employers, insurance companies, unions and professional organizations. Seeking to empower individuals and their families to have greater control over their health and well-being, MMR facilitates access to medical records and other important documents, such as living wills, birth certificates, passports, advance directives and insurance policies, anytime from anywhere using the Internet. MMR's principal product, the MyMedicalRecords PHR service, accessed through http://www.mymedicalrecords.com/, is built on proprietary patent-pending technology that enables users to transmit documents, images and voicemail messages in and out of the MyMedicalRecords PHR system using a variety of methods, including fax, phone, and file upload without relying on any specific electronic medical record platform to populate a user's account. Users and medical providers can fax paper records (such as laboratory tests, radiology reports and physician's notes), or scanned images can be uploaded, into a secured personal account, which the user can access and organize as necessary, including filing particularly sensitive documents in virtual lockboxes protected by secondary passwords, and designating certain records as accessible to medical personnel and first responders by way of a separate Emergency Login. MyMedicalRecords PHR also includes the Cerner Multum Drug Content database, licensed to MMR from Cerner Corp. . MMR offers its MyEsafeDepositBox service, available at http://www.myesafedepositbox.com/, which is designed to provide secure online storage for vital financial, legal and insurance documents in addition to medical records using the same patent-pending technologies that drive the MyMedicalRecords PHR service. In its final stages of development, MMR's MyMedicalRecords Pro service is designed to give physicians' offices a cost-effective solution to the expensive and time-consuming problem of digitizing paper-based medical records. MMR clients include AFL-CIO, Alexian Brothers Hospital Network, Coverdell, MedicAlert, Midwest Research Institute, Qvisory, XN Financial and others. MMR is also an integrated service provider on Google Health. Additional information regarding MMR's business and its products, including trial accounts, is available at http://www.mymedicalrecords.com/ and http://www.mmrinformationsystems.com/. Information on MMR's Websites is not incorporated by reference into this press release.

    MMR Information Systems, Inc.

    CONTACT: Bobbie Volman of MyMedicalRecords, Inc., +1-310-476-7002, Ext.
    129, bvolman@mmrmail.com

    Web Site: http://www.mymedicalrecords.com/
    http://www.myesafedepositbox.com/
    http://www.mymedicalrecordsmd.com/




    Herley's Micro Systems, Inc. is Contracted to Design and Build Radar Target and ECM Generators for the U S. Air Force and a U. S. Prime Contractor

    LANCASTER, Pa., April 21 /PRNewswire-FirstCall/ -- Herley Industries, Inc. announced today that the U.S. Air Force and a U.S. Major Prime contractor recently awarded Micro Systems contracts valued at approximately $1.2M to design, build, and deliver a number of Radar Target and ECM Generators (RTEG). The RTEG is the latest simulation product coming from Micro Systems. It utilizes the most advanced digital signal processing and the highest fidelity RF and Analog components. These advances allow the RTEG to generate extremely realistic radar target, Electronic Countermeasures, and Clutter signals that are coherent with and accepted by the most advanced radar systems. These advanced simulator systems were developed with both low cost and high reliability in mind. Richard Damon, General Manager of Micro Systems - RF Simulation Systems Group stated, "These new orders confirm that our technology product offering is adaptable to a variety of needs and is the preferred solution to challenging requirements." Mr. Damon continued, "The RTEG was designed to support a wider variety of radar systems at a lower cost than any other available solution. When coupled with our state of the art spurious performance and leading edge instantaneous bandwidth, the RTEG has become the radar target simulator of choice for a growing list of customers."

    A subsidiary of Herley Industries, Inc. and headquartered in Ft. Walton Beach FL, with an office in Irvine, CA, Micro Systems develops and produces a wide variety of Electronic Warfare simulation and stimulation systems for the most advanced radars in laboratory, anechoic chamber, and open air range environments for customers worldwide. Micro Systems is also the leading supplier of aviation, navigation, and communication systems for pilotless vehicles including target drones and UAVs. For further information about Micro Systems simulation systems products, email RFSimulation@Herley.com or contact us at 17252 Armstrong Ave Suite B, Irvine CA 92614; Telephone (949)-251-0690; Web Site http://www.gomicrosystems.com/

    Herley Industries, Inc. is a leader in the design, development and manufacture of microwave technology solutions for the defense, aerospace and medical industries worldwide. Based in Lancaster, PA, Herley has seven manufacturing locations and approximately 1000 employees. Additional information about the company can be found on the Internet at http://www.herley.com/

    For information at Herley contact: Peg Guzzetti Investor Relations Tel: (717) 735-8117 http://www.herley.com/

    Safe Harbor Statement - Except for the historical information contained herein, this release may contain forward-looking statements. Such statements are inherently subject to risks and uncertainties. When used in this report, words such as "anticipated," "believes," "could," "estimates," "expects," "may," "plans," "potential" and "intends" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the belief of the Company's management, as well as assumptions made by and information currently available to the Company's management. The Company's results could differ materially based on various factors, including, but not limited to, competitive factors and pricing pressures, changes in legal and regulatory requirements, cancellation or deferral of customer orders, technological change or difficulties, difficulties in the timely development of new products, difficulties in manufacturing, commercialization and trade difficulties, and current economic conditions. The Company undertakes no obligation to update forward-looking statements as a result of future events or developments.

    Herley Industries, Inc.

    CONTACT: Peg Guzzetti of Herley Industries, Inc., +1-717-735-8117

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




    Golden Princess Enters Drydock for Dramatic Makeover; Transformation Chronicled Daily With Twitter UpdatesOnline Photo Journal Features Exclusive Behind-the-Scenes Look at Princess' Most Extensive Ship Remodel to Date

    SANTA CLARITA, Calif., April 21 /PRNewswire/ -- As Golden Princess begins the most extensive makeover ever undertaken by the company, Princess Cruises is inviting cruise fans to follow the progress through Twitter updates that will showcase a daily photo journal of the ship's transformation. A first for Princess, the online posts will chronicle the dramatic changes throughout the ship during its nearly three-week drydock at Victoria Shipyards in British Columbia.

    The journal has launched at http://www.princess.com/goldendrydock and will run through May 5, when the ship sets sail again with its new features, including a new piazza-style atrium, an adults-only Sanctuary, a Movies Under the Stars poolside movie screen, a new Crown Grill steak and seafood restaurant, and a variety of other enhancements.

    Twitter users will receive a daily "tweet" about the latest construction progress after they follow an easy sign up process and elect to follow Princess at http://twitter.com/PrincessCruises.

    "We know there's a great deal of interest in a ship transformation such as this, so we're inviting cruise enthusiasts to get a unique glimpse of the ship's progress through this drydock," said Jan Swartz, Princess Cruises executive vice president. "None of our other vessels have ever had this many new features added in a single drydock, so our online journal will offer a fascinating behind-the-scenes look at the amount of work required for such a huge undertaking."

    The amenities being added during the drydock are the Princess signature features already aboard the line's newest ships, Crown Princess, Emerald Princess and Ruby Princess. Many have also been introduced aboard on Caribbean Princess, Star Princess and Grand Princess during earlier drydock periods.

    When Golden Princess emerges from drydock, its atrium will feature a new Piazza with an inviting street cafe atmosphere featuring roving entertainers and two new dining options. The International Cafe will serve up specialty coffees, fresh baked cookies, pastries, panini sandwiches and tapas. Vines, a wine bar, will offer a selection of more than 30 wines by the glass, plus a selection of seafood, artisan meats and cheeses, and a wine shop where passengers can purchase their favorite bottle.

    A new restaurant, the Crown Grill, will offer an open kitchen where passengers can enjoy watching as chefs prepare chops, steaks and seafood, including live lobsters.

    And adult passengers looking to get away from it all will be able to relax in the tranquility of The Sanctuary, Princess' signature retreat featuring plush padded lounge chairs and the services of dedicated Serenity Stewards. Visitors to this exclusive space can enjoy refreshing beverages and light snacks, or receive a massage in one of two private cabanas.

    Above one of the ship's pools, Movies Under the Stars will debut onboard with a state-of-the-art Times Square-style LED screen, offering evening movies and a variety of daytime programming. The 300-square-foot screen offers passengers a movie experience comparable to the best shoreside movie theater. In addition to family cinema and first run hits, Movies Under the Stars also features major sporting events, concerts and other can't-miss programming - up to 50 different offerings per week.

    As part of the renovation, Golden Princess will also be fitted with seven new window suites with ocean-view picture windows, and a relocated casino on deck 7, bringing it into the ship's central entertainment area. In addition, 10 new balcony suites and two ocean view cabins will be added in the aft of the ship, replacing the former video arcade. Other changes include new locations for the sports court, a new Limelight boutique, new shore excursions and Captain's Circle desks, new Internet cafe and library, and the addition of new gym equipment in the fitness center.

    Additional information about Princess Cruises is available through a professional travel agent, by calling 1-800-PRINCESS, or by visiting the company's website at http://www.princess.com/.

    Princess can also be found on: Facebook: http://www.facebook.com/pages/Princess-Cruises/19788524059 Twitter: http://twitter.com/PrincessCruises Flickr: http://www.flickr.com/photos/princesscruises/ About Princess Cruises:

    One of the best-known names in cruising, Princess Cruises is a global cruise and tour company operating a fleet of 17 modern ships renowned for their innovative design and wide array of choices in dining, entertainment and amenities, all provided in an environment of exceptional customer service. A recognized leader in worldwide cruising, Princess offers its passengers the opportunity to escape to the top destinations around the globe, with sailings to all seven continents, ranging in length from seven to 107 days. The company is part of Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK).

    Princess Cruises is a proud member of World's Leading Cruise Lines. Our exclusive alliance also includes Carnival Cruise Lines, Holland America, Cunard Line, Costa Cruises and The Yachts of Seabourn. Sharing a passion to please each guest, and a commitment to quality and value, our member lines appeal to a wide range of lifestyles and budgets. Together we offer exciting and enriching cruise vacations to the world's most desirable destinations.

    Princess Cruises

    CONTACT: Karen Candy, +1-661-753-1540, kcandy@princesscruises.com, or
    Julie Benson, +1-661-753-1530, jbenson@princesscruises.com, both of Princess
    Cruises

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




    CSC Insurance Software Clients Land Celent Model Carrier Designation for Third Consecutive YearConseco and GEICO Win 2009 Recognition

    FALLS CHURCH, Va., April 21 /PRNewswire/ -- CSC announced today that two of its insurance clients, Conseco and GEICO, were recognized by Celent, a financial services technology research and advisory firm, as "Model Carriers" for their effective use of technology. This is the third consecutive report in which CSC software has supported Model Carriers. The Celent 2009 Model Carrier report recognizes Conseco for simplifying its life insurance and annuity agent compensation environment, and acknowledges GEICO for its advanced property and casualty (P&C) insurance customer billing options.

    Conseco consolidated eight agent compensation management platforms serving 17 regions onto one system, CSC's PerformancePlus incentive compensation management software for insurers. By integrating PerformancePlus with its other CSC software, Conseco was able to reduce the number of compensation regions by six, the number of platforms by three and the number of internal resources supporting the compensation systems by 50 percent.

    GEICO uses CSC's Exceed Billing software for tier one carriers to offer multiple billing options to its insurance customers. Exceed also allows GEICO to rate, quote and process all possible billing scenarios in under one second, while displaying the correct premium to the penny.

    "In an uncertain market, when competition is growing in intensity, having the right technology and business practices in place is more important than ever," said Craig Weber, senior vice president of Celent's Insurance practice. "Conseco and GEICO were selected as Model Carriers, in part, because their projects demonstrate carriers using core goals to drive a new IT project and then working with a vendor to set direction, define and test changes to a production system."

    "We congratulate Conseco and GEICO on their recognition as Model Carriers," said Jim Cook, president of CSC's Business Solutions & Services Sector. "We take pride in our ability to help clients transform their businesses - bringing products to market faster, increasing productivity, reducing costs and improving customer service."

    About Celent

    Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies .

    About CSC

    CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, Global Outsourcing Services and the North American Public Sector. CSC's advanced capabilities include systems design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 92,000 employees and reported revenue of $17.1 billion for the 12 months ended Jan. 2, 2009. For more information, visit the company's Web site at http://www.csc.com/.

    CSC

    CONTACT: Marian Kelley, Director, Media and Analyst Relations, Financial
    Services Group, +1-512-275-5722, mkelley3@csc.com, or Janet Herin, Sr.
    Manager, Media Relations, Corporate, +1-310-615-1693, jherin@csc.com, both of
    CSC

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




    Number of U.S. Online Banking Customers Continues to Grow Despite Challenging Financial EnvironmentPersonal Finance Management Tools Represent Opportunity for Banks to Better Serve Customers

    RESTON, Va., April 21 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world, today released its annual review of the online banking industry. The study, published in the April 2009 comScore State of Online Banking report, found that the number of online banking customers continued to grow strongly in 2008 despite the turbulent financial environment. The growth was fueled by banks' aggressive customer acquisition strategies and heightened financial interest among online banking customers wanting to keep a closer eye on their personal finances.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO)

    The report, based on passively-observed online behavioral data from the comScore Online Bank Benchmarker and a 2009 survey of nearly 5,000 U.S. online banking customers, provides comprehensive insights into service usage, customer satisfaction, personal financial management and paperless banking.

    Top Online Banks Continue Growth in Customer Acquisition in 2008

    After several years of particularly strong growth in the use of online banking at the top 10 banks, the second half of 2007 showed the first signs of softness as sequential quarterly growth rates fell below 1 percent, but then recovered somewhat in 2008 as banks became more aggressive in their online banking customer acquisition efforts.

    Active Online Banking Customers at Top 10 Online Banks Source: comScore Online Bank Benchmarker Time Period Number of Online Sequential Percent Banking Customers Growth vs. Prior (000) Quarter 2007 Q1 45,358 3.7% Q2 47,349 4.4% Q3 46,912 -0.9% Q4 47,311 0.9% 2008 Q1 48,178 1.8% Q2 48,598 0.9% Q3 50,907 4.8% Q4 51,372 0.9% Banking and Credit Card Customer Satisfaction Withstands Recession

    When asked about their satisfaction with their primary financial institutions, the percentage of respondents indicating that they were highly satisfied with their banks (down 1 percent) and credit card issuers (down 3 percent) declined only marginally versus 2008 and were at least as high as the levels seen in 2007. The decline was more pronounced, however, among brokerage firms, which saw their highly satisfied customers decline from 70 percent of respondents in 2008 to 58 percent in 2009.

    Customer Satisfaction Across Financial Service Institutions Feb 26 - Mar 2, 2009, n = 4,846 Source: comScore Banking Survey Percent of Respondents who are "Highly Satisfied" Financial Institution 2007 2008 2009 Bank 70% 72% 71% Credit Card Company 62% 65% 62% Brokerage Firm 67% 70% 58%

    "Given the performance of the financial markets in the past year, it's not surprising that brokerage customers with declining balances would not be as satisfied as last year," said Marc Trudeau, comScore senior director. "It's interesting that a negative halo effect was not seen with respect to banks and credit card issuers, perhaps because of the reliability of services and the outreach they provided during a time of financial strain for many customers."

    Online Financial Tools Represent Customer Opportunity for Banks

    Online banking customers were also asked about their interest in various online tools to help manage their finances. More than 60 percent expressed interest in free identity theft services, while free credit score monitoring appealed to 52 percent. Approximately 37 percent of respondents showed a strong interest in online personal financial management tools, with half of those interested indicating they were willing to pay a modest monthly fee for the services.

    Interest in Personal Financial Management Services Feb 26 - Mar 2, 2009, n = 4,846 Source: comScore Banking Survey Percent of Respondents who are Interested In Online Banking Services Services Free Identity Theft Services 63% Free Credit Score Monitoring 52% Personal Financial Management 37% Chat/Instant Messaging Service 30% Widget 27% Blog 20%

    "That customers are asking for more services to help them manage their personal finances during these economically-challenging times is a positive sign for banks," added Trudeau. "It's clear that most customers are paying close attention to their personal finances, and, consequently, for the banks that step up and provide customers with the tools they're requesting, it's an opportunity to both cultivate and solidify customer relationships and to potentially drive incremental revenue as well."

    Banking professionals and members of the media may request a copy of the full report by visiting http://www.comscore.com/request/state_of_online_banking.asp

    About comScore Financial Services Solutions

    The comScore Financial Services Solutions group consults with the world's leading banks, brokerage firms and institutions to help them better understand how their customers and competitors use online financial services. The comScore database includes a full spectrum of consumer interaction across competitive financial services companies, including account applications and usage, online bill payments, and purchases of products and services.

    comScore consultants help financial institutions build strategies to acquire new customers, market and cross-sell service offerings, increase customer satisfaction and loyalty, and act upon emerging competitive threats and opportunities.

    About comScore

    comScore, Inc. is a global leader in measuring the digital world and preferred source of digital marketing intelligence. For more information, please visit http://www.comscore.com/companyinfo.

    Photo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com comScore, Inc.

    CONTACT: Sarah Radwanick of comScore, Inc., +1-312-775-6538,
    press@comscore.com

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




    SonicWALL SMB Appliance Awarded SC Magazine Best Buy and Wins Perfect ReviewSonicWALL's New TZ 210 Wireless-N SMB Product Gains Perfect Score in UTM Review

    SUNNYVALE, Calif., April 21 /PRNewswire-FirstCall/ -- SonicWALL, Inc. , a leading secure network infrastructure company, today announced that SonicWALL's TZ 210 Wireless-N appliance has been awarded SC Magazine's 'Best Buy of the Month'. Achieving the maximum five stars in every review category including performance, features, support and value for money, the SonicWALL solution was named "one of the most feature-rich UTMs" the publication has ever seen.

    "We are honored that SC Magazine has not only found this SonicWALL solution to be a leading SMB-focused UTM appliance across all aspects of its review, but also selected it as its product of the month," said Matt Medeiros, president and chief executive officer of SonicWALL. "We work hard to provide small and mid-sized businesses industry-leading network security protection with our TZ line of firewall appliances, and we believe we have the best solution available and the perfect choice for our current and future SMB customers."

    Honored as SC Magazine's Best Buy of the Month, the appliance was recognized for its solid performance, value for money, excellent functionality and its features' ease-of-use and manageability. Launched in January 2009, the TZ 210 is the fastest and most secure UTM solution in its class, and delivers SonicWALL's award-winning enterprise-class Unified Threat Management (UTM) and re-assembly free deep packet inspection (RFDPI) technologies to SMBs. With a wide range of features, including its ability to provide SMBs with a high performance, deep packet inspection firewall, the publication determined that the product exhibited all-round strength and was granted perfect marks in every review category.

    "[The TZ 210] includes a lot of great security and protection features, providing not only the basics, such as firewall, IPS and gateway anti-virus, but also built-in Wi-Fi support with security and a full web content filtering suite complete with IM and P2P filters," said SC Magazine's Peter Stephenson.

    For more information please visit: http://www.sonicwall.com/. About SonicWALL, Inc.

    SonicWALL is committed to improving the performance and productivity of businesses of all sizes by engineering the cost and complexity out of running a secure network. Over one million SonicWALL appliances have been shipped through its global network of ten thousand channel partners to keep tens of millions of worldwide business computer users safe and in control of their data. SonicWALL's award-winning solutions include network security, secure remote access, content security, backup and recovery, and policy and management technology. For more information, visit the company web site at http://www.sonicwall.com/.

    Safe Harbor Regarding Forward-Looking Statements

    Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements include but are not limited to statements regarding the benefits associated with the TZ210 wireless appliance. These forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. In addition, please see the "Risk Factors" described in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the year ended December 31, 2008, for a more detailed description of the risks facing our business. All forward-looking statements included in this release are based upon information available to SonicWALL as of the date of the release, and we assume no obligation to update any such forward-looking statement.

    NOTE: SonicWALL is a registered trademark of SonicWALL, Inc. Other product and company names mentioned herein may be trademarks and/or registered trademarks of their respective companies.

    SonicWALL, Inc.

    CONTACT: Colleen Nichols of SonicWALL, +1-408-962-6131,
    cnichols@sonicwall.com; or Drew Smith of Bite Communications, +1-415-365-0401,
    drew.smith@bitepr.com, for SonicWALL

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




    Federal Court Orders Judgment in Favor of ClearOne for Approximately $9.7 Million in Trade Secret Misappropriation CaseJudgment includes exemplary damages against all defendants, for willful and malicious misappropriation of ClearOne's trade secrets

    SALT LAKE CITY, April 21 /PRNewswire-FirstCall/ -- ClearOne . A Memorandum Decision and Order (the "Final Order") was issued by the federal court yesterday, in favor of ClearOne Communications, Inc., awarding it approximately $9.7 million in joint-and-several and individual judgments against the defendants. The defendants include Biamp Systems Corporation ("Biamp") and a group of defendants sometimes termed the "WideBand Defendants," which group consists of WideBand Solutions, Inc. ("WideBand"); three of WideBand's principals - Dr. Jun Yang (a former ClearOne employee), Andrew Chiang (previously affiliated with an entity that sold certain assets to ClearOne), and Lonny Bowers; and a company owned primarily by Yang, named Versatile DSP, Inc.. In addition, the court adopted and upheld the jury's finding that all defendants had acted willfully and maliciously in misappropriating ClearOne's trade secrets, and awarded exemplary damages against each of the defendants.

    The Final Order was issued in the case which was presented to a jury in October and November 2008 (the "Intellectual Property Case"), bringing claims for, among other things, theft of ClearOne's trade secrets. On November 5, 2008, the jury returned a unanimous verdict in the Intellectual Property Case in favor of ClearOne and against all of the defendants, awarding ClearOne millions of dollars in damages, and finding that all of the defendants willfully and maliciously misappropriated ClearOne's trade secrets.

    By its Final Order, the court resolved various post-verdict motions filed by ClearOne and the defendants, including the defendants' arguments that they should not be subject to exemplary damages for willfully and maliciously misappropriating ClearOne's trade secrets. The court rejected the defendants' arguments on exemplary damages, finding "that an award of exemplary damages against each of the [d]efendants is appropriate."

    As to defendant Biamp, the court ruled that the finding of willful and malicious trade secret misappropriation by Biamp was supported because "Biamp deliberately ignored numerous warning signs suggesting that the AEC technology offered by WideBand was not WideBand's to sell. Given all the facts presented to Biamp at the time, it could not have held a good faith belief that its use of the WideBand code was valid," and that Biamp earned over $1.5 million "by purchasing the WideBand technology at half the price offered by ClearOne and then selling the technology at the same price it charged when dealing with ClearOne." The court also wrote that "having reviewed the testimony of Biamp's witnesses...the court finds that the jury (who has the sole responsibility to assess witness credibility) reasonably found by clear and convincing evidence that Biamp's behavior was willful and malicious." For these and other reasons, the court concluded that "an award of exemplary damages against Biamp is appropriate to punish Biamp for ignoring its due diligence duties in order to profit at the expense of a competitor and to send a message deterring other companies from engaging in similar conduct."

    As to the other defendants, the court found that there was evidence of deliberate copying of ClearOne's trade secrets, including evidence that "showed that secret elements of the ClearOne Honeybee Code were found on the WideBand Defendants' computers and that users of those computers attempted to hide that fact." The court also noted that the "evidence showed that none of the WideBand Defendants held a good faith belief that the copying and use of ClearOne's Honeybee Code trade secret was proper." And, although the court ruled that the "most egregious instances of a lack of good faith are found in the behavior of Jun Yang and Andrew Chiang," it also held that "the other WideBand Defendants (Lonny Bowers, WideBand Solutions, and Versatile) are no less culpable."

    The court ruled that ClearOne's fiduciary duty claims against Chiang and Yang were preempted by the Utah Trade Secret Act, and therefore set aside the jury's verdict for breach of fiduciary duty and punitive damages, but noted that the findings of breach of fiduciary duty and the award of punitive damages on those claims supported the exemplary damages awarded by the court for theft of ClearOne's trade secrets against these defendants. The court ruled that ClearOne was not entitled to prejudgment interest. The court denied a number of other motions filed by pro se defendant Lonny Bowers, and noted that any post-judgment challenge to the sufficiency of the evidence by Biamp had been waived by Biamp's failure to raise the argument during trial, and would not have succeeded even if not waived, based on the overwhelming evidence in the record. ClearOne intends to request an additional award of costs and attorney fees against the defendants.

    While ClearOne intends to vigorously pursue collection of the damage awards, collectability of the judgments cannot be guaranteed. Furthermore, the jury's verdict and damage awards are subject to appeal by one or more of the defendants.

    At trial and throughout the Intellectual Property Case, ClearOne was represented by the Utah law firm of Magleby & Greenwood, P.C.

    About ClearOne

    ClearOne is a communications solutions company that develops and sells audio conferencing systems and other related products for audio, video, and web conferencing applications. The reliability, flexibility, and performance of ClearOne's comprehensive solutions create a natural communications environment, which saves organizations time and money by enabling more effective and efficient communication. For more information, visit ClearOne's website at http://www.clearone.com/.

    http://www.b2i.us/irpass.asp?BzID=509&to=ea&s=0 Contact: ClearOne Communications, Inc. Investor Relations (801) 303-3555

    ClearOne Communications, Inc.

    CONTACT: Investor Relations of ClearOne Communications, Inc.,
    +1-801-303-3555

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




    GVI Security Samsung Electronics To Exhibit at Expo Seguridad Mexico

    CARROLLTON, Texas, April 21 /PRNewswire-FirstCall/ -- GVI Security Solutions, Inc., (BULLETIN BOARD: GVSS) , a leading provider of video security surveillance solutions featuring the complete Samsung Electronics line of products will exhibit its line of technologically advanced video security solutions at Expo Seguridad Mexico (ESM), the premier security exposition in Mexico. GVI Security Samsung Electronics will be exhibiting at booth 301 in the Centro Banamex Center in Mexico City through April 23.

    "GVI Samsung is pleased to again be one of the corporate sponsors at ESM," said Fernando Tomasiello, GVI Senior Vice President Int'l Operations and Sales. "With our Mexico City office located not far from the Centro Banamex, ESM is a 'hometown' show for GVI. As one of the leading providers of video security solutions throughout Mexico and Latin America, ESM offers us the opportunity to showcase under the Global Samsung umbrella not only our latest products, but also our latest video security projects for the largest retail chains, banks, transit systems and enterprise security projects in the region."

    Along with its latest Samsung Electronics IP cameras, GVI will also be exhibiting cameras featuring the new A1 chip that sets a new analog video standard with resolution of 600TVL, as well as WDR (wide dynamic range) and XDR (extended dynamic range) included as standard features. Of special interest to the Latin America market, cameras featuring the new chip provide Multi Language On Screen Display, as well as built in analytics for intelligent video.

    The new A1 chip demonstrates Samsung Electronics' resources and commitment to continue development of leading edge analog video technology while simultaneously manufacturing and developing state of the art IP video surveillance products. GVI Samsung executive and product teams will be hosting a series of presentations and conference sessions highlighting the latest Total IP Video Solutions.

    ESM has become the only exhibition in Mexico where guests can meet the main manufacturers, distributors, integrators and end users of security equipment and services. The conference features the newest and most innovative technology, as well as an excellent educational program, which includes seminars, certification programs and conferences from experts in many fields.

    About GVI Security Solutions, Inc.

    GVI Security Solutions, Inc. (BULLETIN BOARD: GVSS) is a leading provider of video surveillance and security solutions, with sales and service representation throughout North, Central and South America. The company provides Samsung Electronics and GVI branded products, software and services to the Homeland Security and Commercial markets. Their customers include governments, major retail chains, leading financial institutions and public and private school systems.

    Forward-Looking Statements:

    Some of the statements made by GVI Security Solutions, Inc. in this press release are forward looking in nature. Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. These statements are based on management's current expectations and assumptions and are naturally subject to uncertainty and changes in circumstances. We caution you not to place undue reliance upon any such forward-looking statements. Actual results may differ materially from those expressed or implied by the statements herein. GVI Security Solutions, Inc. believes that its primary risk factors include, but are not limited to: reliance on primary supplier; concentration of customers; credit limits imposed by primary supplier; effective integration of recently acquired operations and personnel; expansion risks; effective internal processes and systems; the ability to attract and retain high quality employees; changes in the overall economy; rapid change in technology; the number and size of competitors in its markets; outstanding indebtedness; control of the Company by principal stockholders; law and regulatory policy; the mix of products and services offered in the company's target markets; and other factors detailed in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2008 currently on file, as well as the risk that projected business opportunities will fail to materialize or will be delayed.

    GVI Security Solutions, Inc.

    CONTACT: Investors, Leon Hamerling, Investor Media Group,
    +1-877-725-2500; or Esra Pope of GVI Security Solutions, +1-972-245-7353

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




    MultiVu's Digital Center Facilitates Efficient Archiving and Sharing of Multimedia ContentPlatform enables users to upload their own content and provides direct

    NEW YORK, April 21 /PRNewswire/ -- Communications professionals and marketers now have total control over the management of their multimedia assets through MultiVu's new Digital Center, an online multimedia content management platform that enables organizations to control the availability and online distribution and archival of video, audio and digital photo content.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20090420/NY01337LOGO-b)

    To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/multivu/37897/

    "The Digital Center stands out in the industry because it enables users to upload their own multimedia content through a user-friendly platform on which they can more nimbly and efficiently manage their multimedia assets," said Bev Yehuda, vice president, Products, MultiVu. "As more organizations create digital content, there is an increasing need for multimedia portals to archive, manage and make that information available, 24/7, to anyone, anywhere in a format that is easy to download. With The Digital Center's online platform, storing, sharing and distributing multimedia materials is a seamless process. It helps organizations to fully maximize their existing assets and make them readily available to media and consumer audiences."

    MultiVu's Digital Center operates as a single online management system through which users can archive assets such as videos, photos and logos and easily make this content available to media and consumer audiences around the world. Another important attribute of MultiVu's Digital Center include the ability to download content in multiple formats that cater to journalists in the US and Internationally, and the unique ability to distribute an advisory to PR Newswire's vast communications network reaching thousands of media points and Web sites, and to the tens of thousands of members of PR Newswire for Journalists each time new content is uploaded.

    The Digital Center offers a variety of public and password-protected distribution channels, including direct download capabilities for pre-screened and registered media, bloggers and websites. In addition to its archiving and distribution functions, The Digital Center promotes direct, one-on-one engagement through an optional comment and rating system that enables consumer and media to provide feedback on videos and other promotional materials. The Digital Center also offers reporting and tracking capabilities, such as the number of times a video is streamed and information on the media outlets that download full digital files.

    Yehuda continued, "From content management to media distribution to engagement and reporting, the breadth and depth of The Digital Center is unparalleled."

    The Digital Center is available with video archiving packages of 30, 60 or 90 minutes. Users can upload existing footage or enlist MultiVu to produce new video, audio or other multimedia assets. Videos produced through MultiVu receive unlimited storage and do not count towards the minutes in a package. The system supports MPEG-2 and MPEG-4 downloadable files, NTSC and PAL, and SD and HD.

    MultiVu has also launched the Global Digital Center which provides a platform for customers worldwide to archive and share all of their video and multimedia content with global audiences. Multimedia News Releases (MNRs) distributed by MultiVu do not count toward packaged minutes and will automatically be uploaded to the Global Digital Center.

    About PR Newswire

    PR Newswire is the global leader in innovative communications and marketing services, enabling organizations to connect and engage with their target audiences worldwide.

    Through its multi-channel distribution network, audience intelligence, targeting, and measurement services, PR Newswire helps corporations and organizations conduct rich, timely and dynamic dialogues with the media, consumers, policymakers, investors and the general public, in support of building brands, generating awareness, impacting public policy, driving sales, and raising capital.

    Pioneering the commercial news distribution industry 55 years ago, PR Newswire connects customers with audiences in more than 170 countries and in over 40 languages through an unparalleled network of offices in 16 countries across North and South America, Europe, Asia, and the Middle East, and via unique affiliations with the leading news agencies across the globe. PR Newswire is a subsidiary of United Business Media Limited, a leading global business media company that serves professional commercial communities around the world. For more information, go to http://www.unitedbusinessmedia.com/.

    About United Business Media Limited

    UBM 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/.

    Media Contact: Rachel Meranus Vice President, Public Relations PR Newswire rachel.meranus@prnewswire.com +1.201.360.6776

    Photo: http://www.newscom.com/cgi-bin/prnh/20090420/NY01337LOGO-b Video: http://www.prnewswire.com/mnr/multivu/37897 PR Newswire Association LLC

    CONTACT: Rachel Meranus, Vice President, Public Relations of PR
    Newswire, +1-201-360-6776, rachel.meranus@prnewswire.com

    Web Site: http://www.prnewswire.com/
    http://www.unitedbusinessmedia.com/

    Company News On-Call: http://www.prnewswire.com/comp/146750.html
    http://www.prnewswire.com/comp/683182.html




    LogicVision, Toppan and Syswave Forge a Value-Added Relationship to Offer Design, DFT and Test Services in Japan

    TOKYO, April 21 /PRNewswire-FirstCall/ -- LogicVision, Inc. , a leading worldwide provider of semiconductor built-in-self-test (BIST) and diagnostic solutions, today announced the signing of a three-way agreement with Toppan Ltd. and Syswave Corp. (JASDAQ: 6636) for turn-key design and test services. As designs continue to grow and become more complex, there is significant benefit to providing customers with a near turn-key solution. This team -- LogicVision, Toppan, and Syswave -- will integrate as well as provide back-end debug and manufacturing test support of advanced BIST solutions for complex designs. In this three-way arrangement, Toppan will integrate and verify LogicVision's BIST IP into customer designs while Syswave will provide support in using these BIST capabilities during debug and manufacturing test. This business collaboration will provide added value to each of the three companies' mutual customers by providing a one-stop integrated strategy for device development and test.

    "One of the greatest challenges facing Japan semiconductor manufacturers today is achieving acceptable product quality levels while minimizing escalating test costs," said Shin Kimura, VP and managing Director of LogicVision, Japan. "This is especially true as the industry moves to 65nm and 45nm process geometries and beyond. With this relationship, we will be able to help our customers achieve the desired quality at an affordable price."

    "I am sure this collaboration will attract many customers, especially those with advanced SOCs," said Isao Suzuki, General Manager of Toppan Printing Co., Ltd. "It is a common headache for everybody developing a complicated LSI design to have a complete testing solution, without anxiety, as technology migrates into deep submicron and densities become huge. With this collaboration, our customers will be very happy with all of the solutions we provide that meet every possible need for design implementation and, of course, testing. As one of the largest Design and Turn Key service providers in Japan, we, Toppan, can provide extensive service from the early stages of design all the way to mass production. I can assure that our expertise regarding BIST IP will satisfy any customer."

    "This alliance is incredibly exciting to me. It will resolve existing testing problems dramatically," said Tetsuo Onikura, President & CEO of Syswave. "This relationship will contribute to not only Japanese semiconductor manufacturers but also their customers. Moving forward to 45nm and beyond, we expect that testing efficiency will decrease resulting in cost increases. LogicVision's outstanding solutions will resolve these issues. Syswave's test engineering capability will empower these solutions within the Japanese semiconductor testing market."

    About Toppan

    Toppan is a total service provider for the development of LSI designs utilizing various LSI technology including digital, mixed-signal, analog, memory, etc. Toppan's SOC design business began over 30 years ago. Its expertise grew over time, and now its technical capability includes large scale system LSI design utilizing world-class IP such as ARM CPU cores and a wide variety of ICs across a broad range of analog technology. In addition to its design service capability, Toppan is now capable of handling not only ES production, but also MP (Mass Production) of LSI designs based upon strong partnerships with foundries, test houses, and assembly houses. In recent years, the demand for such full service operation - LSI design through to volume production has grown dramatically, and this OEM Device Business is now on course to become one of our main business lines. For more information on the company and its products, please visit the Toppan Technical Design Center website at http://www.toptdc.com/

    About Syswave

    Syswave Corp. (JASDAQ:6636), the world's unique semiconductor testing solution company, provides engineering services and products for various kinds of testing requirements emerged out of the LSI design and development environments, has wide-ranged design capabilities for LSI design development, covering from circuit design through place and routing and testing. The company is highly evaluated especially for the outstanding capability for providing solutions to improve testing efficiency of LSI devices, including not only test program development covering various manufactures' ATEs, but also evaluation using actual devices and reliability evaluation, in the field of digital consumer applications, mobile applications and automotive electronics. For more information, visit the Syswave website at http://www.syswave.jp/.

    About LogicVision Inc.

    LogicVision provides a comprehensive set of proprietary built-in-self-test (BIST) technologies for achieving the highest quality silicon manufacturing test while reducing test costs for complex System-on-Chip devices. LogicVision's Dragonfly Test Platform(TM) enables integrated circuit designers to embed BIST functionality into a semiconductor design. This functionality is used during semiconductor production test and throughout the useful life of the chip. The complete Dragonfly Test Platform, including the ETCreate(TM), Silicon Insight(TM) and Yield Insight(TM) product families, improves profit margins by reducing device field returns and test costs, accelerating silicon bring-up times and shortening both time-to-market and time-to-yield. For more information on the company and its products, please visit the LogicVision website at http://www.logicvision.com/.

    LogicVision, Inc.

    CONTACT: Shinichiro Kimura, LogicVision Japan, +81-45-475-9022,
    skimura@logicvision.com, or Susan O'Connor Fraser of Tam Communications, for
    LogicVision US, +1-831-439-1523, susan@tamcom.com; or Toppan PR,
    info.i@toppan.co.jp; or Yoshihiro Honma, Planning Department, Syswave Corp.,
    +81-44-738-2470, fax, +81-44-738-2480, h_yoshi@syswave.jp

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




    Beyond Commerce, Inc. Clarifies Posting of 3rd Quarter Financials on Yahoo FinanceThis is the Fourth Time Yahoo Finance has Posted Old Financials to the Top of the Headlines for Beyond Commerce

    HENDERSON, Nev., April 21 /PRNewswire-FirstCall/ -- Beyond Commerce, Inc. (BULLETIN BOARD: BYOC) http://www.beyondcommerce.com/, an E-commerce solutions, local advertising and niche social networking company, clarifies that the financials posted months late for the fourth time on Yahoo Finance were from the third quarter of 2008 and were filed on a timely basis. These outdated financials were posted more than four months late by Yahoo Finance and are not indicative of the company's current trends. The upcoming financials will be posted by their due date and will show continued increase in revenue as indicated by our January and February press releases, in line with our current growth trends.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20090202/LA65335LOGO)

    Since the January and February press releases the company has maintained top line increases. This is due to the viral nature of the direct sales model driving LocalAdLink, the Company's online advertising division. To date this direct sales model has put over 40,000 independent representatives to work in nearly every state across the country. Still to come with the Company's official launch in May is i-SUPPLY, an E-commerce solution that will create a proprietary Ad Network. The advertisement space created on this proprietary network is sold by LocalAdLink as part of its online advertising solution for local businesses. The addition of i-SUPPLY and a local mobile advertising product for LocalAdLink will offer additional revenue streams starting in Q2 of 2009.

    The company reported $3.3 million in revenues for the month of February, $2.3 million for the month of January, and $1.07 million for the month of December. "We are on track for continued strong growth in the months of April and May," stated CEO, Bob McNulty. "LocalAdLink continues to grow at a healthy rate."

    About Beyond Commerce, Inc.

    Beyond Commerce, Inc. (BULLETIN BOARD: BYOC - News) http://www.beyondcommerce.com/, provides best in class products, services, and solutions by being the low cost provider in its market sector. i-SUPPLY, http://www.i-supply.com/, offers easy to use, fully customizable E-commerce services, and revenue solutions for any Web site, large or small, and hosts local ads, providing extensive reach for our proprietary advertising partner network platform. LocalAdLink, http://www.localadlink.com/, is a local search directory and advertising network that brings local advertising to geo-targeted consumers. BOOMj, http://www.boomj.com/, is the leading niche portal and social networking site for Baby Boomers and Generation Jones.

    Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting Beyond Commerce, Inc. operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.

    Photo: http://www.newscom.com/cgi-bin/prnh/20090202/LA65335LOGO
    http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Beyond Commerce, Inc.

    CONTACT: Tracy Jagerman, Communications, +1-702-357-8971,
    tracy@beyondcommerce.com, or Liz Wong, Investor Relations, +1-702-463-7000,
    Liz@beyondcommerce.com, both of Beyond Commerce

    Web Site: http://www.boomj.com/
    http://www.beyondcommerce.com/
    http://www.i-supply.com/
    http://www.localadlink.com/




    Microsoft Outlines Progress Toward Safer, More Trusted InternetCollaboration, alignment and more secure, privacy-enhancing technology further End to End Trust.

    SAN FRANCISCO, April 21 /PRNewswire-FirstCall/ -- Today at RSA Conference 2009, Microsoft Corp. discussed progress toward enabling End to End Trust, the company's vision for a safer, more trusted Internet first introduced at last year's event. In his keynote address, Scott Charney, corporate vice president of Microsoft's Trustworthy Computing Group, also issued a call to action for the public -- including those in the technology industry, business and governments -- to participate through dialogue, collaboration and consensus to address cybercrime and help instill trust in the Internet.

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

    During the past year, Microsoft has advanced End to End Trust in four critical areas: security and privacy fundamentals; creation of a trusted stack with security rooted in hardware; in-person proofing based on identify claims; and social, political, economic and IT industry alignment for change.

    "The Internet has created incredible opportunities for our society such as e-commerce, new social interactions and more efficient government. But, it has also attracted the attention of criminals due to the Internet's global connectivity, anonymity, lack of traceability and valuable targets of information," Charney said. "And while we believe the benefits of using the Internet far outweigh the risks, people still need to be safer online than they are today. End to End Trust is Microsoft's vision for getting there."

    Focusing on Industry-Leading Fundamentals

    Microsoft's ongoing focus on security and privacy fundamentals employs the company's best engineering and threat mitigation practices to deliver the most secure and privacy-enhancing versions of its software to date, such as Windows 7 Beta and Internet Explorer 8. During the past year, Microsoft began sharing its fundamental security and privacy practices, such as the Security Development Lifecycle (SDL), with the broader IT community to help build more secure software and better protect customers. Programs such as Microsoft's SDL Pro Network train and enable organizations outside the company to develop more secure applications. The Microsoft Active Protections Program, designed to provide vulnerability information to security software providers, allows Microsoft and its partners to offer more timely protections and solutions to the broadest set of customers possible.

    Establishing Trust Through Technology Innovations

    Charney also provided an update on how Microsoft and partner technology innovations can help people better trust the security of the devices they use to access the Internet or connect to other devices. For example, Windows 7 is helping to deliver on the End to End Trust vision by providing key elements of a "trusted stack," a concept that ensures all components of the computing environment can be authenticated and are trustworthy, including the operating system applications, people and data. Windows 7 Beta includes support for Trusted Platform Modules (TPMs), which help enable a strong security base rooted in hardware with features such as Windows BitLocker Drive Encryption; AppLocker, which helps ensure only trusted software is running; and DirectAccess, which allows customers to create trustworthy connections between compliant devices and the corporate network.

    In addition, on stage, Charney demonstrated how Microsoft Forefront identity and security solutions are providing strong management and audit capabilities that help provide better "defense in depth," through Business Ready Security solutions that help customers more easily protect the breadth of their environments, quickly respond to threats, and enable the secure access and use of critical business information.

    Offering Choice and Control in Identity Claims

    Charney also outlined how people can now use technology innovations to share information about themselves while disclosing only as much of their identity as they choose. A beta technology currently code-named Microsoft "Geneva" helps to simplify this process in an open and interoperable claims-based model. By combining this new, open and interoperable identity metasystem, people can be granted access to resources while minimizing the risk of providing information that may be compromised or misused online.

    Charney also demonstrated how this technology can work when combined with in-person proofing through a limited proof of concept with the Lake Washington School District. Like many school districts, Lake Washington is challenged with how to provide secure and private online access to staff, students and parents. Microsoft is working with the school district to deploy the "Geneva" claims-based identity platform, including Information Cards on small notebook PCs, across its IT infrastructure. Using this model, the district will equip students with these small notebook PCs so they can more securely access learning materials developed by the district and application providers from virtually anywhere.

    Enabling Change by Aligning Social, Economic and Political Forces With the IT Industry

    Sharing best practices and developing more secure technology are only part of the solution. Realizing real change requires broad collaboration across the industry. To that end, Microsoft is working with partners, both public and private, to advance the state of trust online. During the past year, Microsoft has worked with the Internet Consortium for Advancement of Security on the Internet, the Internet Safety Technical Task Force led by the Berkman Center for Internet & Society at Harvard University, the Center for Strategic and International Studies Cybersecurity Commission, and the recently announced Conficker Working Group.

    In his speech, Charney signaled that Microsoft is asking individuals, partners, policy-makers and the IT industry to help enable further change and take the next step toward creating a safer, more trusted Internet. Specifically, Charney asked users to become more educated about online threats starting with advice offered at http://www.microsoft.com/protect. He called on developers to use the tools and resources provided at http://www.microsoft.com/sdl to build more secure and privacy-enhanced products and services. He asked the tech industry as a whole to find new ways for people to feel safer online with their devices, their identities, their networks and any other scenarios that will affect Internet use in the future. Finally, Charney called on Microsoft partners, customers and individuals at private and public agencies to continue to come together through dialogue, collaboration and consensus to create a safer, more trusted Internet for everyone.

    "Microsoft is bringing together critical forces to enable a safer Internet as a valuable and trusted public resource that must be sustained," said Howard Schmidt, president and CEO, Information Security Forum Ltd. "We recognize that the vision of End to End Trust cannot be accomplished alone, but will require broad industry collaboration across public and private sectors, as well as technology innovations."

    More information about Microsoft's End to End Trust vision is available at http://www.microsoft.com/endtoendtrust.

    Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

    Photo: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO
    http://photoarchive.ap.org/
    photodesk@prnewswire.com Microsoft Corp.

    CONTACT: Rapid Response Team of Waggener Edstrom Worldwide,
    +1-503-443-7070, rrt@waggeneredstrom.com, for Microsoft Corp.

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




    Recycle the Old and Bring in the New With EpsonEPSON AMERICA'S BRIGHTER FUTURES(R) GRADUATION PROGRAM OFFERS SCHOOLS FREE PROJECTOR RECYCLING AND DISCOUNTS ON NEW REPLACEMENTS

    LONG BEACH, Calif., April 21 /PRNewswire-FirstCall/ -- Epson America, Inc. today announced the Brighter Futures Graduation Program that gives schools, districts and universities a cost-effective and environmentally friendly way to trade in older Epson projectors* for recycling while earning discounts on newer, more state-of-the-art replacement models.

    "At Epson, we feel it's very important to be environmentally conscious, and our new Brighter Futures Graduation Program gives educators a great way to do that while helping to bring better and brighter technology into their classrooms," said Heather Litus Johnston, product manager, K-12 Education Marketing, Epson America Inc. "Our newer projectors not only deliver outstanding performance and features, but they're also more energy efficient than even our last generation of products, which is a key focus in our design and development." For more information about Epson's long history of industry-leading environmental efforts, visit http://www.epson.com/environment.

    The Epson Brighter Futures Graduation Program makes it possible for schools to save more energy, time and money by upgrading older projectors. All new Epson projectors offer long lamp life with the company's E-TORL(R) lamp technology, which offers more lumens per watt than traditional projector lamps with similar lumens specifications. Using E-TORL technology, lamps can last up to 6,000 hours in economy mode and replacement E-TORL lamps cost up to $200 less than competing replacement lamps. Furthermore, newer Epson projectors enable schools to take advantage of other built-in features and enhancements such as closed captioning, 10 W speakers, microphone inputs, optional wireless capabilities, newer 3LCD technology, networking capabilities, and more.

    Eligible Epson projectors are currently offered at a $25 - 50 discount through the Graduation Program. Eligible projectors include the PowerLite 83+, PowerLite 822+, PowerLite 400W, PowerLite 410W, PowerLite 84, PowerLite 85, PowerLite 825 and PowerLite 826W. Additional Epson projector models including the PowerLite 1715, 1735W, 6110, G5000 and the PowerLite Pro G5150, G5200W and G5350 are available through the program on an as-quoted basis. Education institutions can contact their Epson dealer to receive price quotes and recycling information.

    Epson's Brighter Futures(R) program is a unique sales and support initiative available to schools. Designed to help educators select and implement the best projection products for their classrooms, while making the most of their budgets, Brighter Futures offers special pricing, extended Epson limited warranty coverage for three years, dedicated education account managers and toll-free technical support for all Epson projectors. For more information, visit http://www.epsonbrighterfutures.com/.

    About Epson America

    Epson America, Inc. is the U.S. affiliate of Japan-based Seiko Epson Corporation (SEC) and is a leading provider of digital imaging products that exceed the vision of its customers. The company is a global manufacture and supplier of an extensive range of high quality printers, 3LCD projectors and small- and medium-sized LCDs which were designed for functionality, compactness, and energy efficiency. The Seiko Epson organization is proud of its ongoing contributions to the global environment and was recently added to the Dow Jones Sustainability World Index, an indicator for leading companies in economic, environmental and social criteria.

    Note: Epson and E-TORL are registered trademarks and Epson Exceed Your Vision is a registered logomark of Seiko Epson Corporation. PowerLite and Brighter Futures are registered trademarks of Epson America, Inc. All other product brand names are trademarks and/or registered trademarks of their respective companies. Epson disclaims any and all rights in these marks.

    *Free recycling and discounts are offered on Epson projectors exclusively.

    Epson America, Inc.

    CONTACT: John Jatinen of Epson America, Inc., +1-562-290-5173,
    John_Jatinen@ea.epson.com; or Kati Elliott of KEH Communications,
    +1-410-975-9638, kati@kehcomm.com, for Epson America, Inc.

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




    BLUERIDGE Analytics(R) Names Al Wojcik Vice President of Sales

    CHARLOTTE, N.C., April 21 /PRNewswire/ -- BLUERIDGE Analytics announced today that Al Wojcik, former Senior Director of Global Accounts for Autodesk, Inc. , has joined its senior management team as vice president of sales.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20070516/CLW076LOGO)

    In his new role, Wojcik will design and execute domestic and international reseller channels for SITEOPS(R) Design SP, BLUERIDGE's flagship site design software, leveraging his deep knowledge of optimization software technologies and strategic channel development experience. Wojcik also will drive sales and marketing strategy in key verticals such as commercial and industrial development, education and healthcare facilities, and multi-family residential.

    "It's an exciting time for BLUERIDGE," says Mike Detwiler, President and CEO. "The fact that a former executive from Autodesk, the world's largest design software company, has enthusiastically joined our ranks speaks volumes about the direction CAD is taking. Al shares our passion for aggressive innovation in the CAD space and our vision for software that rapidly evolves to meet the needs of the AEC industry."

    Prior to Autodesk, Wojcik held VP positions with PTC in the US and Europe, and was EVP of sales for Engineous Software, which was acquired by Dassault/Simulia. Wojcik 's broad sales channel and customer expertise, combined with the world-class evolutionary computing team in place at BLUERIDGE, represents a significant leap in the growth of the company.

    "I am thrilled at the opportunity to join BLUERIDGE," says Al Wojcik. "I believe they are uniquely positioned for rapid acceleration. Having the vision and expertise to combine powerful auto-drawing tools with optimization and cloud computing is impressive - this company anticipated today's CAD market and built revolutionary products to serve it. I look forward to helping them conquer new markets in today's competitive CAD channels."

    Wojcik's appointment is part of the aggressive channel volume strategy BLUERIDGE is pursuing. SITEOPS Design SP, BLUERIDGE's long-awaited product for conceptual design of sites, has set the civil engineering world ablaze in the month since its release.

    Like other SITEOPS products, SITEOPS(R) Design SP is Software-as-a-Service (SaaS), available from any Internet-connected computer. Its ease of use and affordable price point make it extremely attractive to CAD resellers, who have seen sales decline for more expensive design products as engineering firms look for ways to trim software costs. Holman's of Nevada, a well-established CAD technology leader for more than 30 years, has signed on as a SITEOPS(R) Design SP reseller. Other companies are expected to follow within weeks.

    SITEOPS is "CAD with a Brain(TM)" - breakthrough web-based software that reduces the time and cost of land development. SITEOPS products help users perform real-time feasibility simulations and optimize site designs.

    Clients include Lowe's Companies, Target, Regency Centers, and Langan Engineering & Environmental Services, and other leading retailers, civil engineers, architects, and land developers.

    Charlotte-based BLUERIDGE Analytics delivers evolutionary computing software to retail, real estate, and the architectural, engineering, and construction (AEC) industries.

    Photo: http://www.newscom.com/cgi-bin/prnh/20070516/CLW076LOGO
    photodesk@prnewswire.com BLUERIDGE Analytics, Inc.

    CONTACT: Jennifer Gaddy, Director of Marketing, +1-704-409-7508,
    jennifer@siteops.com




    Lockheed Martin Wins Role on U.S. Army Battle Command System Management ContractCompany to Develop Capabilities that Enable Fused, Real-Time Pictures of

    TINTON FALLS, N.J., April 21 /PRNewswire/ -- Lockheed Martin is one of six companies selected by the U.S. Army to compete for future task orders across the Battle Command Family of Products, an indefinite-delivery-indefinite-quantity (IDIQ) contract. Lockheed Martin will compete for task orders within the contract ceiling of $777M. All task orders must be initiated within the contract's five-year period of performance.

    The Battle Command Family of Products IDIQ contract vehicle will be used by the Army to obtain command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) services, products and solutions for the next five years. The Battle Command IDIQ development contract is managed by Project Manager Battle Command, based in Fort Monmouth, New Jersey.

    "Lockheed Martin has provided the Army with net-centric command and control solutions for more than 10 years," said John Mengucci, President of Lockheed Martin's IS&GS-Defense. "We are honored to continue working with PM Battle Command to create capabilities that will form the core of the Army's Unified Battle Command solutions throughout the force."

    Under this IDIQ contact, contractors will work to migrate the many systems linked by the Army Battle Command System into a net-centric, service-oriented architecture that will enable interoperability with other Army systems. Lockheed Martin expects to migrate and modernize the Global Command and Control System-Army (GCCS-A) capabilities into the Network Enabled Command and Control (NECC) system, while extending those capabilities and their interoperability with other Army, DoD, and coalition elements. Lockheed Martin also expects to develop cross-domain collaboration and interoperability solutions between the Army Battle Command System and key Army systems such as the Distributed Common Ground System-Army and Future Combat System. Lockheed Martin has supported the Army Battle Command System since 1994.

    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: Suzanne Smith of Lockheed Martin, +1-303-932-5230,
    suzanne.m.smith@lmco.com

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




    CA to Present at Investor Conferences

    ISLANDIA, N.Y., April 21 /PRNewswire-FirstCall/ -- CA, Inc. , the world's leading independent IT management software company, today announced it will present at the following investor conferences. Live and archived audio webcasts of the presentations, as well as any supporting materials, will be available on the Company's website at http://investor.ca.com/.

    Conference: 37th Annual J.P. Morgan Global Technology, Media and Telecom Conference Date/Time: Monday, May 18, 2009 at 10:40 a.m. ET Location: Boston Presenter: John Swainson, Chief Executive Officer Conference: Cowen and Company 37th Annual Technology Media & Telecom Conference Date/Time: Wednesday, May 27, 2009 at 9:30 a.m. ET Location: New York Presenter: Mike Christenson, President and Chief Operating Officer (Logo: http://www.newscom.com/cgi-bin/prnh/20090402/NYTH500LOGO ) About CA

    CA is the world's leading independent IT management software company. With CA's Enterprise IT Management (EITM) vision and expertise, organizations can more effectively govern, manage and secure IT to optimize business performance and sustain competitive advantage. For more information, visit http://www.ca.com/.

    Copyright (C) 2009 CA. All Rights Reserved. One CA Plaza, Islandia, N.Y. 11749. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.

    Photo: http://www.newscom.com/cgi-bin/prnh/20090402/NYTH500LOGO
    PRN Photo Desk, photodesk@prnewswire.com CA

    CONTACT: Michelle Healy, Public Relations, +1-631-342-4701,
    michelle.healy@ca.com, or Carol Lu, Investor Relations, +1-212-415-6920,
    carol.lu@ca.com, both of CA

    Web Site: http://ca.com/




    Regal Beloit Corporation to Hold First Quarter 2009 Earnings Conference Call on Thursday, May 7, 2009

    BELOIT, Wis., April 21 /PRNewswire-FirstCall/ -- Regal Beloit Corporation announced today that it plans to release its 2009 first quarter financial results after the market close on Wednesday, May 6, 2009.

    At 10:30 AM CT (11:30 AM ET) on Thursday, May 7, the Company will hold a telephone conference call on its earnings release. Interested parties should call 866-394-7807, referencing Regal Beloit conference ID 96496426. International callers should call 763-488-9117 using the same conference ID.

    A replay of the call will be available through May 15, 2009 at 800-642-1687, conference ID 96496426. International callers should call 706-645-9291 using the same conference ID.

    Regal Beloit Corporation is a leading manufacturer of electrical and mechanical motion control and power generation products serving markets throughout the world. Regal Beloit is headquartered in Beloit, Wisconsin, and has manufacturing, sales, and service facilities throughout North America and in Mexico, Europe and Asia.

    Regal Beloit Corporation

    CONTACT: David A. Barta, Vice President, Chief Financial Officer of
    Regal Beloit Corporation, +1-608-361-7405

    Web Site: http://www.regal-beloit.com/




    NETGEAR Extends Networks For Entertainment Using Coax Outlets With Availability of MoCA Coax-Ethernet Adapter KitHigh Performance Networking (up to 270 Mbps) Ensures Support for Multiple Simultaneous HD Video Streams, Lag-Free Gaming and High-Speed Networking

    SAN JOSE, Calif., April 21 /PRNewswire-FirstCall/ -- NETGEAR(R), Inc. , a worldwide provider of technologically innovative, branded networking solutions, today announced the North American availability of the NETGEAR MoCA(R) Coax-Ethernet Adapter Kit (MCAB1001), specifically designed for high-definition video streaming and online gaming applications. NETGEAR's MoCA Coax-Ethernet Adapter Kit enables consumers to seamlessly distribute HD digital video and multimedia content, and connect Ethernet-ready devices, such as HDTVs, Blu-ray(TM) players, Digital Video Recorders (DVRs) and game consoles, to a high-speed home network and the Internet. For use with both wired and wireless routers and gateways, the MoCA Coax-Ethernet Adapter Kit provides whole-home network connectivity using a home's existing coaxial cable and is compatible with major cable TV services and homes wired for cable.

    "In order to support the increase in bandwidth-intensive applications like HD video streaming and online gaming, consumers require broadband connections throughout their homes that are higher performing, more reliable, and easier to use and install," stated Chris Geiser, NETGEAR's product line manager for MoCA networking technologies. "We've been able to develop the ideal plug-and-play solution for connecting areas of the home network where uninterrupted streaming of high-definition entertainment applications over wireless or powerline connectivity is challenging. The NETGEAR MoCA Kit is the top-of-the-line solution for in-home distribution."

    Delivering up to a staggering 270 Mbps transfer speed, NETGEAR's MoCA Coax-Ethernet Adapter Kit is ideal for connecting XBox 360(R), PlayStation(R) 3, Blu-ray players, Apple TV(R), VUDU(TM) boxes, TiVo(R), Slingbox(TM), DVRs, NETGEAR's own Digital Entertainer Elite (EVA9150) media player, and desktop and notebook PCs to the Internet and home network. The NETGEAR MoCA Coax-Ethernet Adapter Kit can also support fast, large file transfers to networked storage devices like NETGEAR's award-winning line of ReadyNAS(R) storage solutions. Advanced Quality of Service (QoS) supports uninterrupted HD video, gaming and high-speed networking. The NETGEAR MoCA Coax-Ethernet Adapter Kit features Multimedia over Coax Alliance (MoCA) 1.1 certification, which ensures compatibility with cable and DSL networks, interference-free television viewing over existing cable services, and interoperability with MoCA 1.0 and 1.1 products.

    Because of the superior transmission characteristics of coax -- shielding, insulation and low attenuation -- and the superior rated throughput of the MoCA 1.1 standard, NETGEAR's MoCA Coax-Ethernet Adapter Kit is unsurpassed for supporting the most demanding in-home distribution needs. In fact, in homes where Powerline signals can be susceptible to noise and where wireless performance is degraded by the type of construction and RF interferences, coax may be the only choice for a high-speed network connection without completely rewiring the home with Cat 5/6 cabling.

    The easy operation of NETGEAR's MoCA Coax-Ethernet Adapter Kit is based on a plug-in design with data encryption that provides privacy and security for trouble-free set-up. The Kit (MCAB1001) comprises two MoCA Coax-Ethernet Adapters. By simply plugging one of the MoCA Coax-Ethernet Adapters to a router and the other to any Ethernet-ready device through existing in-home coaxial cabling, consumers can quickly and easily connect these devices to their home network and the Internet.

    NETGEAR's MoCA Coax-Ethernet Adapter Kit is available now in North America through leading retailers, e-commerce sites and value-added resellers. It's backed by a one-year warranty and 24/7 technical support. The Kit (MCAB1001) containing two devices has an MSRP in the U.S. of $229.

    Photos and other product information can be found on the NETGEAR web site at http://www.netgear.com/Products/PowerlineNetworking/Coax/MCAB1001.aspx.

    About NETGEAR, Inc.

    NETGEAR (NASDAQGM: NTGR) designs innovative, branded technology solutions that address the specific networking, storage, and security needs of Small- to Medium-sized Businesses (SMBs) and home users. The company offers an end-to-end networking product portfolio to enable users to share Internet access, peripherals, files, multimedia content, and applications among multiple computers and other Internet-enabled devices. Products are built on a variety of proven technologies such as wireless, Ethernet and powerline, with a focus on reliability and ease-of-use. NETGEAR products are sold in over 29,000 retail locations around the globe, and via more than 41,000 value-added resellers. The company's headquarters are in San Jose, Calif., with additional offices in 25 countries. NETGEAR is an ENERGY STAR(R) partner. More information is available by visiting http://www.netgear.com/ or calling (408) 907-8000.

    (C)2009 NETGEAR, Inc. NETGEAR, the NETGEAR logo and ReadyNAS are trademarks or registered trademarks of NETGEAR, Inc. in the United States and/or other countries. Other brand and product names are trademarks or registered trademarks of their respective holders. Information is subject to change without notice. All rights reserved.

    Note: Actual data throughput will vary from maximum signal rates stipulated. Network conditions and environmental factors, including volume of network traffic, building materials and construction, and network overhead, lower actual data throughput rate.

    Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for NETGEAR, Inc.:

    This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, statements concerning NETGEAR's business and the expected performance characteristics, specifications, market acceptance, market growth, specific uses, user feedback and market position of NETGEAR's products and technology are forward-looking statements within the meaning of the Safe Harbor. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including, without limitation, the following: the actual price, performance and ease of use of NETGEAR's products may not meet the price, performance and ease of use requirements of customers; product performance may be adversely affected by real world operating conditions; failure of products may under certain circumstances cause permanent loss of end user data; new viruses or Internet threats may develop that challenge the effectiveness of security features in NETGEAR's products; the ability of NETGEAR to market and sell its products and technology; the impact and pricing of competing products; and the introduction of alternative technological solutions. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Part I - Item 1A. Risk Factors," pages 11 through 26, in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2008, filed with the Securities and Exchange Commission on March 4, 2009. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20030730/NETGEARLOGO)

    Photo: http://www.newscom.com/cgi-bin/prnh/20030730/NETGEARLOGO
    http://photoarchive.ap.org/
    PRN Photo Desk photodesk@prnewswire.com NETGEAR, Inc.

    CONTACT: Lisa Hawes of Sterling Communications, +1-408-884-5155,
    lhawes@sterlingpr.com, for NETGEAR, Inc.

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




    Linedata Services Launches Even More Powerful Version of LongView Trading OMS

    PARIS (TradeTech), April 21 /PRNewswire/ --

    - Many new Features and Enhancements to Award-Winning OMS

    - New Trading Tools

    - Integration of Actionable Data Visualisation Tools

    - Better Support for Commission Sharing Agreements

    PARIS (TradeTech), April 21 /PRNewswire/ --

    Linedata Services (LIN:FP), the leader for investment software, solutions and services, today announced that clients in both Europe and North America have begun implementing the newly released Version 7 of its award-winning LongView Trading order management system (OMS).

    This significant release includes new and enhanced functionality across all areas of the system, including trading, portfolio management, compliance and enhanced support for the alternative investment markets. Gavin Little-Gill, Executive Vice President for Linedata Services North America, commented, "Our clients include some of the most progressive global asset management firms across the institutional and alternative markets. This release is aimed at meeting their needs for enhanced trading tools and robust securities coverage, as well as compliance, audit and reporting trails."

    Enhancements include:

    - Increased securities coverage with over 125 security types, and full FpML (Financial products Markup Language) mapping to support the increasingly demanding audit and compliance demands necessary to support firms' derivatives trading needs

    - Enhanced electronic trading functionality, with new tools, improved workflows and throughput so that traders can act and react to markets faster

    - Greater hedge-fund specific functionality and tighter integration with Beauchamp FundManager, the core of Linedata's alternative investment solution suite

    - New tools for compliance officers with an enhanced rule builder, new formula builder, violation override facility and many more features

    - A recently launched Linedata Reporting application to provide web based reporting for internal and external audit and reporting requirements

    This major new release also sees the debut of LongView Live - a powerful graphically rich application that creates actionable visualisation tools that enable traders to "see and act", in order to take advantage of market opportunities. It includes groundbreaking venue distribution tools, new controls, gauges and visuals, real-time market data within an integrated snapshot view and intuitive commission management tools.

    Gavin Little-Gill added, "This is a very exciting release for us and our customers. We are constantly working to improve our systems to stay ahead of our customers' requirements and provide them with the most innovative, cutting edge software. The response from our clients has been overwhelmingly positive and confirms that we're on track."

    NOTES TO EDITORS

    About Linedata Services

    Linedata Services leads the financial-services technology market, developing solutions and services to help the industry manage the investment process. Linedata's asset management offering is a complete set of best-of-breed software products, spanning front to back-office. Linedata's solutions address the specific requirements of mutual and institutional funds, alternative and hedge funds, fund administrators, prime brokers and private wealth companies.

    Linedata's products are available through traditional deployment options, as well as through an ASP (Application Service Provider) model, providing hosted hardware and software management. Linedata has 20 years' experience delivering ASP solutions.

    The group recorded a turnover of EUR160.7 million in 2008. Linedata Services is quoted on Euronext Paris Compartiment C. For more information visit Linedata Services at http://www.ldsam.com.

    About LongView Trading Order Management System (OMS)

    LongView Trading is Linedata Services' powerful, electronic, global, multi-asset class OMS developed to support the needs of portfolio managers, traders, compliance officers and operations personnel. The comprehensive system provides portfolio modelling, electronic trading, pre-trade compliance and unparalleled access to liquidity. Through numerous partnerships and seamless integration, LongView offers customers access to the liquidity sources of their choice. Unique technology and a commitment to broker neutrality has won LongView ten of the top 25 global asset management firms, and more than 150 clients worldwide. It has also won the loyalty of all its clients, which named the platform Best Buy-Side OMS for 2008.

    Linedata Services

    For more information, please contact: Linedata Services, Liz Fidler, TEL +44(0)20-7360-1843, liz.fidler@uk.linedata.com. Cognito Europe, Adam Honeysett-Watts/Camilla Pepper, TEL +44(0)20-7438-1100, linedata@cognitomedia.com; Cognito US, Deborah Eisenberg/Ishviene Arora, TEL +1-646-395-6300, linedata@cognitomedia.com.




    Light Reading Asia Launches With Deep Focus on India

    NEW YORK, April 21 /PRNewswire/ --

    - New site features multi-page report that provides an in-depth guide to India's fixed and mobile markets, including a snapshot of all the service providers, the key trends, and a map of India's service areas, or 'circles'

    A new seven-page report, "A Guide to India's Telecom Market," has been published to inaugurate the launch of Light Reading Asia ( www.lightreading.com/asia), which provides Light Reading's readers with a single point of reference for its coverage of the Asia/Pacific region.

    The report is timely and relevant to Light Reading's global readership. "India is the fastest-growing telecom market in the world, with more than 10 million new wireless connections being activated every month," says Ray Le Maistre, Light Reading's International News Editor. "If that rate is maintained, India's operators could end this year with 500 million activated lines, up from 347 million at the end of 2008. That level of growth, and how it is managed and maintained, is of great interest to telecom service providers all over the world, and provides new opportunities, and challenges, for the global vendor community."

    The report, written by LR Asia Site Editor Catherine Haslam, explains this vast yet complex market, and provides a snapshot of the latest developments in the critical mobile services sector, a rundown of the country's many operators and their services, and a map of India's 22 telecom service areas, known as "circles."

    You may read the Guide here: www.lightreading.com/document.asp?doc_id=175079

    LR Asia's coverage isn't restricted to India, though. It will provide news and analysis on all the Asia/Pacific markets, focusing on the latest service, technology, and regulatory developments that are affecting the availability, evolution, and use of communications services. For example, the site's recent backlog of stories includes coverage of Australia's fiber-to-the-premises (FTTP) broadband rollout aspirations, capital expenditure plans in South Korea, next-generation network developments in Singapore, and the latest news from China's emerging 3G mobile market.

    The site also includes "Top 10 Telecom Markets: Asia," an in-depth report on the hottest markets in the Asia/Pacific region: www.lightreading.com/document.asp?doc_id=169852

    Light Reading Asia will offer the communications industry online advertising, lead-generation programs, regionally focused Webinars, video programming, and live events, including Broadband India 2.0, a two-city conference in September to be held in Mumbai and New Delhi (see www.lightreading.com/broadbandindia for more information on the conference).

    Contact:

    Amy Averbook Director of Corporate Marketing Light Reading averbook@lightreading.com +1-212-925-0020 x112

    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 monetisation 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 organised 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

    Light Reading

    Amy Averbook, Director of Corporate Marketing of Light Reading, +1-212-925-0020 x112, averbook@lightreading.com




    Verizon's Green Initiatives Recognized in Environmental Defense Fund's Innovations Review 2009Kathryn C. Brown, Verizon's Senior Vice President of Public Policy Development and Corporate Responsibility, Will Participate in Panel Discussion on Innovation at Fortune's Brainstorm Green Conference

    LAGUNA NIGUEL, Calif., April 21 /PRNewswire/ -- Verizon's initiatives to save energy, reduce costs and lower greenhouse gas emissions will be among the initiatives highlighted in the Environmental Defense Fund's Innovations Review 2009: Green Advances for a New Economy.

    The EDF will unveil its 2009 review Tuesday (April 21) at its panel at Fortune's Brainstorm Green Conference here. Kathryn C. Brown, Verizon senior vice president of public policy development and corporate responsibility, is one of three corporate leaders scheduled to take part in the panel discussion. The other leaders are Fedele Bauccio, chief executive officer, Bon Appetit Management Co.; and Kevin Hagen, director of corporate social responsibility, REI.

    "Environmental innovation is a powerful way to create business value," said Gwen Ruta, vice president of corporate partnerships at the Environmental Defense Fund. "These innovations tackle today's environmental and economic challenges head-on -- improving the planet and the bottom line at the same time. We hope that they serve as useful models, inspire further innovation and continue to redefine business as usual."

    Verizon initiatives highlighted in the EDF's Innovations Review are: -- Use of power management software. This initiative, which uses computer software that automatically senses when computers are not in use and puts them in "sleep" mode, is expected to deliver $7 million in annual savings. By fully activating this software on its computers, Verizon could achieve energy savings equivalent to the energy needed to light nearly 88,000 homes. -- Thin Client usage. Verizon has installed energy-efficient "thin client" computers in 17 Verizon Wireless call centers. The thin clients allow users to access centrally stored programs and software, instead of storing programs on individual computers. The use of thin clients, which require less power and generate less heat than full workstations, has reduced energy usage by 30 percent. Also, thin clients require fewer manufacturing materials, and have a longer life span and a lower failure rate.

    "Verizon's power-management project is a simple but powerful example of how technology can help both the environment and the bottom line," Brown said. "We're also proud of the wide range of customer applications, from teleworking to smart electrical grids, all of which rely on broadband technology, made possible by Verizon's advanced wireline and wireless networks."

    Innovations featured in the review were vetted by the EDF and a distinguished panel of experts from the fields of environmental science, law and finance. The final selection comprises 15 innovations from around the country. Each innovation was evaluated for environmental benefits, business benefits, replicability and innovativeness.

    The Innovations Review also highlights two innovations by the EDF and its corporate partners: a Green Portfolio project developed by the EDF and private equity firm KKR, and Climate Corps, a program that uses interns to develop energy-efficiency investment plans for major corporations. The Innovations Review is part of the EDF's broader effort to foster collaboration on corporate environmental innovation through the organization's recently launched Innovation Exchange. Details on all the innovations, as well as multimedia clips, are at available at http://www.innovation.edf.org/.

    For more information on the company's environmental initiatives, visit http://newscenter.verizon.com/kit/green-press-kit/.

    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/.

    Environmental Defense Fund, a leading national nonprofit organization, represents more than 500,000 members. Since 1967, Environmental Defense Fund has linked science, economics, law and innovative private-sector partnerships to create breakthrough solutions to the most serious environmental problems. Environmental Defense Fund has a 20 year track record of success in partnering with business. To maintain its independence and credibility, EDF accepts no money from corporate partners; generous individuals and foundations fund its work. For more information, visit http://www.edf.org/.

    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: Brian C. Malina of Verizon, +1-908-559-6434,
    Brian.c.malina@verizon.com

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

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




    Perot Systems to Webcast First Quarter 2009 Results of Operations on May 5th

    PLANO, Texas, April 21 /PRNewswire-FirstCall/ -- Perot Systems Corporation today announced that the company will webcast a conference call with senior management on Tuesday, May 5, 2009 at 10:15 a.m. (EDT) to discuss the First Quarter 2009 Results of Operations. Interested parties may access the webcast via the company's web site at http://www.perotsystems.com/investors/.

    About Perot Systems

    Perot Systems is a worldwide provider of information technology services and business 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/.

    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 our business and cause actual results to differ materially, please refer to our 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 our Quarterly Reports on Form 10-Q filed after such Form 10-K, for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.

    INVESTOR CONTACT: MEDIA CONTACT: John Lyon Joe McNamara phone: (877) PER-NYSE phone: (972) 577-6165 fax: (972) 577-6791 fax: (972) 577-4484 Invest@ps.net joe.mcnamara@ps.net

    Perot Systems Corporation

    CONTACT: Investors, John Lyon, +1-877-PER-NYSE, fax, +1-972-577-6791,
    Invest@ps.net, or Media, Joe McNamara, +1-972-577-6165, fax, +1-972-577-4484,
    joe.mcnamara@ps.net, both of Perot Systems

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

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




    Canada Ranks as a Global Leader in Online Video ViewingAverage Canadian Watched 10 Hours of Video Online in February

    TORONTO, April 21 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world, today released a report on the Canadian online video market, based on February 2009 comScore Video Metrix data, which showed that 21 million Canadians viewed more than 3.1 billion videos online during the month. The average Canadian online video viewer spent 10 hours viewing videos in February, up 53 percent from their average viewing time last year.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO)

    "Canada's high broadband penetration and tech savvy Internet users make it an optimal environment for online video to flourish," said Bryan Segal, vice president of sales, comScore Canada. "The combined forces of reach, high engagement and 'sight, sound and motion' make online video a particularly attractive brand-building vehicle for online advertisers."

    Google Sites Holds Commanding Lead in Canadian Video Market

    Google Sites led as the most popular video destination in February with more than 1.6 billion videos viewed (52 percent share of all videos), and YouTube.com accounting for nearly 99 percent of videos viewed at the property. Microsoft Sites ranked as the second most popular video destination with 55.6 million videos viewed (1.8 percent share), followed by Yahoo! Sites with 45.7 million videos (1.5 percent share).

    Top Canadian Online Video Properties* by Videos Viewed February 2009 Total Canada - Home and Work Locations Source: comScore Video Metrix Videos Share (%) of Property (000) Videos Total Internet : Total Audience 3,107,826 100.0 Google Sites 1,625,244 52.3 Microsoft Sites 55,645 1.8 Yahoo! Sites 45,697 1.5 Megavideo.com 36,828 1.2 CTVglobemedia 25,200 0.8 Dailymotion.com 20,930 0.7 Facebook.com 19,470 0.6 Viacom Digital 18,190 0.6 Turner Network 12,368 0.4 Fox Interactive Media 11,694 0.4

    *Rankings based on video content sites; excludes video server networks. Online video includes both streaming and progressive download video.

    Canadians Watched Nearly 150 Videos per Viewer in February

    More than 21 million Canadian viewers, or 88 percent of the total Canadian Internet population, watched an average of 147 videos per viewer in February. Google Sites attracted the most viewers with 18.2 million watching an average of 89 videos per viewer during the month. Microsoft Sites drew 7.1 million viewers, while Facebook ranked third with 5.8 million viewers.

    Top Canadian Online Video Properties* by Unique Viewers February 2009 Total Canada - Home and Work Locations Source: comScore Video Metrix Unique Viewers Average Videos Property (000) per Viewer Total Internet : Total Audience 21,129 147.1 Google Sites 18,171 89.4 Microsoft Sites 7,113 7.8 Facebook.com 5,848 3.3 Yahoo! Sites 4,954 9.2 Fox Interactive Media 2,895 4.0 Dailymotion.com 2,718 7.7 Viacom Digital 2,678 6.8 CTVglobemedia 2,329 10.8 Megavideo.com 1,940 19.0 CBS Interactive 1,879 3.0

    *Rankings based on video content sites; excludes video server networks. Online video includes both streaming and progressive download video.

    Other notable findings from February 2009 include: -- The average online video was 4.1 minutes in length, up nearly 25 percent from the previous year's 3.3 minute average. -- More than 1.6 billion videos were viewed by 18 million viewers on YouTube.com in February, representing nearly 90 videos per viewer. -- Nearly 88 percent of the total Canadian Web population viewed online video in February, the highest penetration of the five countries currently reported by comScore Video Metrix (France 82 percent, Germany 82 percent, U.K. 81 percent, U.S. 76 percent). -- The average online video viewer in Canada watched 605 minutes of video in the month, the largest amount of time of the five countries reported by comScore Video Metrix (U.K. 540 minutes, Germany 466 minutes, France 390 minutes, U.S. 312 minutes). About comScore

    comScore, Inc. is a global leader in measuring the digital world and preferred source of digital marketing intelligence. For more information, please visit http://www.comscore.com/companyinfo.

    Photo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com comScore, Inc.

    CONTACT: Sarah Radwanick of comScore, Inc., +1-312-775-6538,
    press@comscore.com

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




    Outsourcing Market Shows Continued Softness in First Quarter of 2009Total contract value of $19 billion down 21 percent quarter-on-quarter and 22 percent year-on-year, according to latest TPI Index

    HOUSTON, April 21 /PRNewswire/ -- TPI, the largest sourcing data and advisory firm in the world and a unit of Information Services Group Inc. (ISG) , a leader in the information-based services industry, released first-quarter market data today showing softness in performance in a historical context -- among first quarters.

    The TPI Index, which measures commercial contracts greater than $25 million, showed 141 contracts signed during the quarter with a total contract value (TCV) of $19 billion, down 21 percent quarter-on-quarter and 22 percent year-on-year. Annual contract value (ACV), which is TCV divided by the duration of the contracts, reached nearly $4 billion in the quarter, down 18 percent quarter-on-quarter and 27 percent year-on-year. The TCV for the first quarter of 2009 was the lowest first quarter since the first quarter of 2001, and the ACV was the lowest first quarter since the first quarter of 2003.

    The TPI Index, a quarterly snapshot of the global sourcing industry, is the authoritative source for marketplace intelligence related to transaction structures and terms, industry adoption and provider metrics. Today's release marks the 26th consecutive quarter of the TPI Index.

    TPI INDEX HIGHLIGHTS

    The information technology outsourcing (ITO) market has delivered a steady flow of contract awards during the past three quarters, and the first quarter of 2009 was no exception. ITO transactions, which accounted for 101 contract awards valued at $15 billion during the quarter, tend to make the most significant near-term cost impact for buyers of outsourcing.

    "The TPI Index for the first quarter of 2009 delivered a profile of contract awards that reflected the pace set at the end of 2008, and which conformed to the pace experienced prior to the unusual surge of nine to 15 months ago," said Peter Allen, partner and managing director, TPI, "Looking forward, we anticipate a sustained pace of smaller contracts not unlike that before and after the 'surge' of 2008 contracts."

    INDUSTRY SECTORS

    The first quarter also provided some telling industry sector and geographical trends that are important to note. The media, retail, utilities and telecom sectors are all increasing their outsourcing activity amidst the current economic downturn. These industries see outsourcing as an excellent solution for some of the most pressing challenges they face.

    Key industry highlights: -- The Media sector has shown fairly consistent growth in all three major metrics during the past five years, with a slight uptick in number of contracts and ACV in the first quarter. -- Retail accounted for 30 contracts in the first quarter, up 40 percent from the previous year, but the average TCV and ACV of those awards dropped to their lowest levels in five years. -- Robust activity in the Utilities sector, which also signed 30 contracts, can be traced to stronger momentum in the Americas that reversed EMEA's traditional dominance, ITO activity and outsourcing by regional companies. -- Telecom has seen the number of contracts (99) and the TCV reach an all-time high in the past year.

    "With pressure to reduce costs, it is no surprise that some sectors are looking to outsourcing as a strategic driver to help meet those goals," said Tom Lang, Partner & Managing Director, Industry Verticals, Americas, TPI.. For example, utilities -- traditionally highly regulated and influenced by unions -- have avoided off-shoring services. However, pressure to reduce costs is increasing and therefore these organizations are more open to outsourcing solutions."

    REGIONAL DIFFERENCES

    The TPI Index also revealed a "tale of two regions" when analyzing geographic differences. By number of contracts and TCV, EMEA accounted for the majority of the global market in the first quarter of 2009. The Americas region contributed the greatest ACV in the quarter, at $1.6 billion, demonstrating that the durations of contracts awarded there have tended to be materially shorter than contracts awarded in EMEA.

    The $1.6 billion in ACV in the Americas equals EMEA ACV value for the first time since the fourth quarter of 2007 and marks only the second time since 2006 that a quarterly ACV performance in the Americas matched that in EMEA. This speaks to the prolonged period during which EMEA's contracts were of considerably larger value and longer duration than those in the Americas.

    In Asia Pacific, there was a quarter-over-quarter decline of about 40 percent in number of contracts signed, alongside a 61 percent dip in TCV and 48 percent drop in ACV.

    SUMMARY

    "The pace of outsourcing contract awards has returned to the levels seen prior to the EMEA-driven surge of a year ago," Allen said. "Overall, there's no appreciable upward movement in outsourcing awards. The comparisons tell the story of a relatively soft market for outsourcing compared to this time last year, although some industries are adopting outsourcing at a more rapid pace to better manage the current economic conditions."

    To learn more about upcoming trends and topics for 2009 visit TPI's blog hosted by Peter Allen (http://www.considerthesourceblog.com/).

    Access presentation slides at http://www.tpi.net/. About TPI

    TPI, a unit of Information Services Group, Inc. (ISG) is the founder and innovator of the sourcing advisory industry, and the largest sourcing data and advisory firm in the world. We are expert at a broad range of business support functions and related research methodologies. Utilizing deep functional domain expertise and extensive practical experience, TPI's accomplished industry experts collaborate with organizations to help them advance their business operations through the best combination of business process improvement, shared services, outsourcing and offshoring. For additional information, visit http://www.tpi.net/.

    About Information Services Group, Inc

    Information Services Group, Inc. (ISG) was founded in 2006 to build an industry-leading, high-growth, information-based services company by acquiring and growing businesses in advisory, data, business and media information services. In November 2007, the company acquired TPI, the largest independent sourcing advisory firm in the world. Based in Stamford, Conn., ISG has a proven leadership team with global experience in information-based services and a track record of creating significant value for shareowners, clients and employees. For more, visit http://www.informationsg.com/.

    TPI

    CONTACT: Todd Miller, Market Communications, TPI, +1-480-235-7018,
    todd.miller@tpi.net; or Rhena Wallace of Cohn & Wolfe, for TPI,
    +1-212-537-8014, rhena.wallace@cohnwolfe.com

    Web Site: http://www.tpi.net/

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