Companies news of 2009-06-09 (page 1)
Cinram Appoints Chief Executive Officer
UTStarcom to Host a Conference Call to Discuss Company Initiatives on Thursday, June 11,...
Rentrak Reports Solid Fiscal 2009 Fourth Quarter and Full Year Financial ResultsAnalysis...
Mercury Computer Systems Announces the Sale of its Visualization Sciences Group to...
Streamline Health(R) Solutions Reports First Quarter Results
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Cinram Appoints Chief Executive Officer
TORONTO, June 9 /PRNewswire-FirstCall/ -- The Board of Trustees of Cinram International Income Fund ("Cinram" or the "Fund") (TSX: CRW.UN) is pleased to announce the appointment of Steven G. Brown as President and Chief Executive Officer of the Company effective June 15, 2009.
Mr. Brown is a veteran of the contract manufacturing sector, having worked for many years as CEO of a significant supplier to the major North American and European automobile manufacturers. He started his career in the United Kingdom where he was raised and has worked extensively in Europe, North America and Asia and has an understanding of European and North American business cultures where Cinram has major operations.
Mr. Brown will be located at the Corporate head office in Toronto, Canada.
About Cinram
Cinram International Inc., an indirect, wholly-owned subsidiary of the Fund, is the world's largest provider of pre-recorded multimedia products and related logistics services. With facilities in North America and Europe, Cinram International Inc. manufactures and distributes pre-recorded DVDs, audio CDs, and CD-ROMs for motion picture studios, music labels, publishers and computer software companies around the world. Cinram now also provides distribution and logistics services to the telecommunications industry in North America and Europe through its wireless subsidiaries. The Fund's units are listed on the Toronto Stock Exchange under the symbol CRW.UN. For more information, visit our website at http://www.cinram.com/.
Cinram International Income Fund
CONTACT: John Bell, Tel: (416) 332-2902, johnbell@cinram.com
UTStarcom to Host a Conference Call to Discuss Company Initiatives on Thursday, June 11, 2009
ALAMEDA, Calif., June 9 /PRNewswire-FirstCall/ -- UTStarcom, Inc. today announced that it will host a conference call with the financial community on Thursday, June 11th at 2:00 p.m. PDT / 5:00 p.m. EDT.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051013/SFTH063LOGO)
Peter Blackmore, CEO and president, and Viraj Patel, interim CFO, will host the call to discuss the company initiatives. Following the prepared remarks, there will be a question and answer session.
The conference call dial-in numbers are: United States and Canada 888-889-1058; International 706-634-2327. The conference ID number is 1404-5024.
A replay of the call will be available for 7 days. The conference call replay numbers are as follows: United States - 800-642-1687; International - 706-645-9291. The conference ID number is 1404-5024.
Investors will also have the opportunity to listen to the conference call and the replay over the Internet through the investor relations section of UTStarcom's Web site at: http://www.utstar.com/.
To listen to the live call, please go to the Web site at least 15 minutes early to register, and to download and install any necessary audio software. For those who cannot listen to the live broadcast, a replay will also be available on this site.
About UTStarcom, Inc.
UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support. The company sells its solutions to operators in both emerging and established telecommunications markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks. Founded in 1991 and headquartered in Alameda, California, the company has research and development operations in the United States, China, Korea and India. For more information about UTStarcom, visit the company's Web site at http://www.utstar.com/.
Forward-Looking Statements
This release includes forward-looking statements relating to, among other things, the Company's initiatives (including the timing of announcement and execution on further initiatives) and business plan. Forward-looking statements are generally indicated by such words as "will," "expects," "estimates," "goals," "plans" or similar words. These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially. T hese risks include the ability of the Company to realize anticipated results from operational improvements, finalize plans for additional cost cutting initiatives, and execute on its business plan as well as risk factors identified in its latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission.
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UTStarcom, Inc.
CONTACT: Barry Hutton, Senior Director, Investor Relations of UTStarcom, Inc., +1-510-769-2807, barry.hutton@utstar.com
Web Site: http://www.utstar.com/
Rentrak Reports Solid Fiscal 2009 Fourth Quarter and Full Year Financial ResultsAnalysis and Testing Confirm the Ability of Rentrak's TV Essentials(TM) to Process Linear TV Data from Approximately 100 Million Set Top Boxes on a Daily BasisCompany Continues to Generate Strong Earnings Growth with Fourth Quarter EPS of $0.21, Including Favorable Tax Benefits
PORTLAND, Ore., June 9 /PRNewswire-FirstCall/ -- Rentrak Corporation today announced financial results for its fiscal fourth quarter and full year ended March 31, 2009.
Consolidated revenues were $22.3 million for the fourth quarter of fiscal 2009, equal to the fourth quarter of fiscal 2008.
-- Revenues in the company's Advanced Media Information (AMI) division
increased more than 16 percent to $3.3 million from $2.8 million for
the fiscal 2008 fourth quarter, principally reflecting incremental
revenues generated from new and existing customers of the company's
Essentials suite of multimedia measurement services. The AMI segment
grew to approximately 15 percent of consolidated revenues and
contributed approximately 27 percent of consolidated gross margin
dollars in the fourth quarter of fiscal 2009.
-- Revenues in the company's Pay-Per-Transaction(R) (PPT) division
totaled $19.0 million, highly comparable to $19.5 million in the same
quarter last year. The slight reduction in PPT division revenues
resulted from shipping fewer guaranteed units in the fiscal 2009
fourth quarter.
Selling and administrative expenses were $6.7 million, or approximately 30 percent of revenues, for the fourth quarter of fiscal 2009, compared with $6.6 million, or approximately 30 percent of revenues, for last year's fiscal fourth quarter. The increase primarily reflects Rentrak's ongoing investment in its multi screen business development and implementation activities.
As a result, operating income grew to $1.8 million for the fiscal 2009 fourth quarter, compared with $1.6 million in the similar period last year.
Net income improved to $2.2 million, or $0.21 per diluted share, for the fourth quarter of fiscal 2009, including a tax benefit of approximately $866,000, or $0.08 per diluted share, primarily due to related adjustments as the result of completion of a federal tax audit. Net income was $1.7 million, or $0.15 per diluted share, for the fourth quarter of fiscal 2008, including favorable tax adjustments of approximately $560,000, or $0.05 per diluted share, mostly the result of cumulative tax research and experimentation credits available to Rentrak, primarily related to internally developed software for the company's Essentials multimedia measurement services.
The company generated adjusted EBITDA for the fiscal 2009 fourth quarter of $2.4 million, compared with $2.3 million in the fiscal 2008 same quarter. Rentrak calculates adjusted EBITDA by adjusting GAAP net income (loss) for the effects of taxes, interest, depreciation, amortization and non-cash expense for stock-based compensation. The reconciliation of adjusted EBITDA to net income (loss), the most comparable financial measure based upon generally accepted accounting principles (GAAP), as well as a further explanation about adjusted EBITDA, is included at the end of this earnings release.
Rentrak's cash, cash equivalents and marketable securities balance grew to $34.5 million at March 31, 2009, from $31.8 million at March 31, 2008.
Fiscal 2009 Full Year Financial Results
Consolidated revenues increased to $95.0 million for fiscal 2009 from $93.2 million for fiscal 2008. AMI division revenues rose approximately 22 percent to $12.6 million from $10.4 million for fiscal 2008, demonstrating continued growth of the company's Essentials suite of services. Revenues in the company's PPT division were $82.3 million, closely approximating $82.8 million for the last fiscal year, reflecting stabilization in the company's legacy business.
Operating income for fiscal 2009 was $5.2 million, compared with $5.6 million in fiscal 2008. Net income increased to $5.4 million, or $0.49 per diluted share, for fiscal 2009 from $4.6 million, or $0.41 per diluted share, last year. Adjusted EBITDA was $7.5 million for fiscal 2009, compared with $8.2 million for fiscal 2008.
The company generated $8.0 million in cash from operating activities in fiscal 2009, compared with $3.1 million in fiscal 2008.
Recent Operating Highlights
-- Building on the successful commercial launch of its pioneering linear
TV measurement service, TV Essentials, Rentrak entered into new
relationships with multiple cable providers and networks, including
Charter Communications, the Inspiration Network and HDNet. TV
Essentials' comprehensive suite of research tools enables customers to
analyze anonymous audience viewing of programming and advertising
across video on demand, DVR, interactive and linear television across
all three TV platforms -- cable, satellite and telco. Utilizing
proprietary technology to process massive amounts of click-stream
data, the TV Essentials system is able to aggregate and report
second-by-second information from 100 million digital set-top boxes.
-- Solidifying its position as the leader in video on demand (VOD)
measurement services, Rentrak added nine new content partners to its
OnDemand Essentials(R) roster of subscribers, including FX, InDemand
Networks, Magnolia Pictures and Spike TV.
-- Rentrak launched its Digital Download Essentials(TM) service, which
collects, processes, audits and reports on paid entertainment content
delivered over the Internet, with measurement partner NBC Universal
(NBCU). Digital Download Essentials gives NBCU access to valuable
reporting about what television content consumers are purchasing via
the Internet as well as the data necessary to make strategic business
choices across multiple platforms.
-- Through a new partnership with SeaChange International, the leading
provider of video on demand and IPTV software, Rentrak and SeaChange
will provide a seamless process for dynamic video on demand ad
insertion, verification and reporting. Together, the companies will
integrate solutions to dramatically improve the ability of multiple
system operators (MSOs), networks and advertisers to monetize VOD
advertising on a regional and national basis.
"We posted solid results during the quarter in spite of an ongoing, challenging economy," said Rentrak Chairman and Chief Executive Officer Paul Rosenbaum. "By continuing to successfully grow revenues and effectively manage costs, and by steadily generating cash and maintaining a strong and flexible balance sheet, we have been able to continue our investment in the company's future by actively pursuing our current and long-term business goals. Over the next 12 to 15 months, Rentrak will be intently focused on generating increasing revenue streams from our Essentials development activities while creating new and valuable products and services that best serve our customers and industry.
"After spending the last two years attracting key data partners and developing relationships with the country's largest operators, we are now processing live, linear television data from more than 10 million set top boxes. Even more impressive, internal testing recently confirmed that our TV Essentials architecture is able to process 10 times that amount of data on a daily basis, giving us the unique ability to grow as the amount of available content and number of media distribution platforms also grow," Rosenbaum continued. "We are just at the very beginning stages of monetizing and reaching the full potential of what we have created, and with the information and experience we've gained throughout the development process, we are confident in the company's ability to successfully market our innovative and pioneering products and services."
Conference Call
Rentrak has scheduled a conference call for 2:00 p.m. (PT) June 9, 2009 to discuss the company's fourth quarter financial performance. Shareowners, members of the media and other interested parties may participate in the call by dialing 866-713-8310 from the U.S. or Canada, or 617-597-5308 from international locations, passcode 94631600. This call is being webcast and can be accessed at Rentrak's web site at http://www.rentrak.com/ where it will be archived through June 9, 2010. An audio replay of the conference call is available through midnight June 16, 2009 by dialing 888-286-8010 from the U.S. or Canada, or 617-801-6888 from international locations, passcode 57417123.
About Rentrak Corporation
Rentrak Corporation, based in Portland, Oregon, is an information management company serving clients in the media, entertainment, retail and advertising industries. The company's Entertainment Essentials(R) suite of services is redefining measurement in the digital broadband era. Entertainment Essentials provides customers with near-real-time, actionable insight into performance of content distributed over a wide variety of modern media technologies. Available by license or subscription, each Entertainment Essentials application allows executives to analyze detailed industry-wide and title-specific data to make decisions that enhance the bottom line and provide competitive advantage. For further information, please visit Rentrak's corporate website at http://www.rentrak.com/.
Safe Harbor Statement
When used in this discussion, the words "anticipates," "expects," "intends" and similar expressions are intended to identify forward-looking statements. Such statements relate to, among other things, the company's ability to successfully manage expenses and run its business as efficiently as possible; the ability to successfully grow revenues, effectively manage costs, steadily generate cash and maintain strong and flexible balance sheet; the ability for Rentrak to create new and valuable products and services that best serve the company's customers and industry; the company's ability to monetize and reach the full potential of its development activities; and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could affect Rentrak's financial results include customer demand for movies in various media formats subject to company guarantees, the company's ability to attract new revenue-sharing customers and retain existing customers, the company's success in maintaining its relationships with studios and other product suppliers, the company's ability to successfully develop and market new services to create new revenue streams, and Rentrak's customers continuing to comply with the terms of their agreements. Additional factors that could affect Rentrak's financial results are described in Rentrak's March 31, 2008 annual report on Form 10-K and subsequent quarterly reports filed with the Securities and Exchange Commission. Results of operations in any past period should not be considered indicative of the results to be expected for future periods.
CONTACT:
Investors
PondelWilkinson Inc.
Laurie Berman
310-279-5962
lberman@pondel.com
(Financial Tables Follow)
Rentrak Corporation and Subsidiaries
Condensed Consolidated Income Statements
(In thousands, except per share amounts)
Unaudited
For the Three For the Twelve
Months Ended Months Ended
March 31, March 31,
-------------- ---------------
2009 2008 2009 2008
---- ---- ---- ----
Revenue $22,313 $22,298 $94,966 $93,188
Cost of Sales 13,660 13,987 62,575 61,814
------ ------ ------ ------
Gross Margin 8,653 8,311 32,391 31,374
Operating expenses:
Selling and administrative 6,706 6,647 26,888 25,683
Asset impairment 136 85 257 85
--- -- --- --
6,842 6,732 27,145 25,768
----- ----- ------ ------
Income from operations 1,811 1,579 5,246 5,606
Other income (expense):
Interest income 346 301 1,110 1,517
Interest expense - (3) (2) (10)
Other income - 144 - 144
--- --- --- ---
346 442 1,108 1,651
--- --- ----- -----
Income before income taxes 2,157 2,021 6,354 7,257
Provision for income taxes (90) 332 991 2,663
--- --- --- -----
Net income $2,247 $1,689 $5,363 $4,594
====== ====== ====== ======
Basic net income per share $0.21 $0.16 $0.51 $0.43
===== ===== ===== =====
Diluted net income per share $0.21 $0.15 $0.49 $0.41
===== ===== ===== =====
Shares used in per share calculations:
Basic 10,481 10,684 10,561 10,728
====== ====== ====== ======
Diluted 10,914 11,110 11,047 11,227
====== ====== ====== ======
Rentrak Corporation and Subsidiaries
Consolidated Balance Sheets
(In thousands, except per share amounts)
Unaudited
March 31,
-----------
2009 2008
---- ----
Assets
Current Assets:
Cash and cash equivalents $4,601 $26,862
Marketable securities 29,874 4,986
Accounts receivable, net of allowances
for doubtful accounts of $597 and $572 15,970 15,032
Note receivable 436 396
Advances to program suppliers, net of
program supplier reserves of $21 and $17 90 95
Taxes receivable and prepaid taxes 1,231 1,455
Deferred income tax assets 135 253
Other current assets 870 1,296
--- -----
Total Current Assets 53,207 50,375
Property and equipment, net of accumulated
depreciation of $9,472 and $7,731 6,128 6,145
Other assets 543 629
--- ---
Total Assets $59,878 $57,149
======= =======
Liabilities and Stockholders' Equity
Current Liabilities:
Accounts payable $6,738 $6,768
Accrued liabilities 499 671
Deferred rent, current portion 96 90
Accrued compensation 1,100 930
Deferred revenue 1,530 873
----- ---
Total Current Liabilities 9,963 9,332
Deferred rent, long-term portion 982 989
Deferred income tax liabilities 714 226
Taxes payable, long-term 1,242 1,965
Notes payable - 965
--- ---
Total Liabilities 12,901 13,477
Commitments and Contingencies - -
Stockholders' Equity:
Preferred stock, $0.001 par value; 10,000
shares authorized; none issued - -
Common stock, $0.001 par value; 30,000
shares authorized; shares issued and
outstanding: 10,421 and 10,605 11 11
Capital in excess of par value 45,504 47,189
Accumulated other comprehensive income
(loss) (203) 170
Retained earnings (accumulated deficit) 1,665 (3,698)
----- ------
Total Stockholders' Equity 46,977 43,672
------ ------
Total Liabilities and Stockholders'
Equity $59,878 $57,149
======= =======
Rentrak Corporation and Subsidiaries
Consolidated Statements of Cash Flows
(In thousands)
Unaudited
For the Year Ended March 31,
----------------------------
2009 2008 2007
---- ---- ----
Cash flows from operating activities:
Net income $5,363 $4,594 $5,887
Adjustments to reconcile net
income to net cash flows
provided by operating activities:
Tax benefit (expense) from stock-
based compensation (31) 493 844
Depreciation and amortization 1,750 1,433 1,736
Loss on disposal of fixed assets - 14 37
Gain on liquidation of foreign
investment - (144) -
Reserve on capitalized software
projects 257 85 -
Amortization of discount on marketable
securities - - (421)
Adjustment to allowance for doubtful
accounts 25 (27) -
Stock-based compensation 487 975 856
Excess tax benefits from stock-based
compensation (8) (272) (358)
Deferred income taxes 661 (283) 679
Options granted to non-employee - - 39
(Increase) decrease in:
Accounts receivable (1,096) 4,665 (1,759)
Note receivable issued to customer 20 (11) -
Advances to program suppliers 17 132 59
Interest and dividends receivable (106) 4 35
Taxes receivable and prepaid taxes 224 (1,423) 32
Other current assets 470 (656) (162)
Increase (decrease) in:
Accounts payable 50 (6,944) (1,786)
Taxes payable (723) 636 972
Accrued liabilities and compensation 3 (556) (2,079)
Deferred rent (7) (61) 1,140
Deferred revenue and other
liabilities 659 424 12
--- --- --
Net cash provided by
operating activities 8,015 3,078 5,763
Cash flows from investing activities:
Purchase of marketable securities (30,000) - (6,852)
Maturity of marketable securities 4,986 17,119 -
Purchase of property and equipment (2,954) (2,568) (3,233)
Proceeds from sale of assets 1 - -
Note receivable payments received - - 183
--- --- ---
Net cash provided by (used in)
investing activities (27,967) 14,551 (9,902)
Cash flows from financing activities:
Proceeds from notes payable - - 955
Issuance of common stock 150 889 465
Excess tax benefits from stock-
based compensation 8 272 358
Repurchase of common stock (2,291) (3,253) (1,948)
------ ------ ------
Net cash used in
financing activities (2,133) (2,092) (170)
Effect of foreign exchange translation on
cash (176) (26) (6)
Increase (decrease) in cash and cash
equivalents (22,261) 15,511 (4,315)
Cash and cash equivalents:
Beginning of year 26,862 11,351 15,666
------ ------ ------
End of year $4,601 $26,862 $11,351
====== ======= =======
Supplemental cash flow information:
Cash paid during the year for income taxes,
net of refunds received $809 $3,240 $3,356
Supplemental non-cash information:
Common stock withheld in payment of exercise
price for stock options and warrants $51 $208 $1,762
Deferred gain related to forgiven loan for
capital assets 967 - -
Unrealized losses on investments, net of tax
of $55 74 - -
Accounts Receivable converted to Note
Receivable 60 - 385
Rentrak Corporation
Reconciliation of GAAP and Non-GAAP Financial Measures
Adjusted EBITDA
(Unaudited)
(in thousands)
For the For the
Three Months Twelve Months
Ended March 31, Ended March 31,
--------------- --------------
2009 2008 2009 2008
---- ---- ---- ----
Net Income $2,247 $1,689 $5,363 $4,594
Adjustments:
Provision (benefit) for income taxes (90) 332 991 2,663
Interest income, net 346 298 1,108 1,507
Depreciation and amortization 494 390 1,750 1,433
Stock based compensation 94 222 487 975
------ ------ ------ ------
Adjusted EBITDA $2,399 $2,335 $7,483 $8,158
====== ====== ====== ======
About Adjusted EBITDA
From time to time, we may refer to Adjusted EBITDA (Earnings Before
Interest, Taxes, Depreciation, Amortization and Stock Based Compensation)
in our conference calls and discussions with analysts in connection with
our reported historical financial results. Adjusted EBITDA does not
represent cash flows from operations as defined by generally accepted
accounting principles ("GAAP"), is not derived in accordance with GAAP
and should not be considered by the reader as an alternative to net
income (the most comparable GAAP financial measure to Adjusted EBITDA).
The reconciliation of GAAP and Non-GAAP financial measures for the three
and twelve month periods ended March 31, 2009 is included in the
above table. Management of the Company believes that Adjusted EBITDA is
helpful as an indicator of the current financial performance of the
Company and its capacity to operationally fund capital expenditures and
working capital requirements. Due to the nature of the Company's
internally-developed software policies and the Company's use of stock
based compensation, the Company incurs significant non-cash charges for
depreciation, amortization and stock based compensation expense that may
not be indicative of its operating performance from a cash perspective.
Therefore, the Company believes that using the measure of Adjusted EBITDA
will help provide a better understanding of the Company's underlying
financial performance and ability to generate cash flows from operations.
Rentrak Corporation
CONTACT: Investors, Laurie Berman of PondelWilkinson Inc., +1-310-279-5962, lberman@pondel.com, for Rentrak Corporation
Web Site: http://www.rentrak.com/
Mercury Computer Systems Announces the Sale of its Visualization Sciences Group to IRDI-ICSO Private Equity for US$12 Million
CHELMSFORD, Mass., June 9 /PRNewswire-FirstCall/ -- Mercury Computer Systems, Inc. , a leading provider of embedded, high-performance computing systems and software for complex image, sensor, and signal processing applications, announced that it signed a definitive agreement and closed on the sale of its Visualization Sciences Group (VSG) to IRDI-ICSO Private Equity, based in Toulouse, France. The purchase price paid at closing is US$12 million, with an additional amount of up to US$2.5 million payable upon achievement of certain performance milestones over a period ending June 30, 2013.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081013/NEM013LOGO )
VSG provides advanced 3D visualization tools for engineers and scientists, delivering high-end 3D software solutions for scientific data visualization, engineering and simulation, materials science and geosciences. IRDI-ICSO assumes responsibility through a holding company, with VSG operating as an independent entity.
"With this transaction, we have successfully met our goal of portfolio rationalization completion before fiscal year-end," said Mark Aslett, President and CEO of Mercury Computer Systems. "The successful match of VSG with IRDI-ICSO can provide the necessary financial support to build on VSG's growing business in the 3D visualization space. Moreover, all VSG employees and customer commitments transition with the sale. The existing management team will also remain intact, ensuring that business operations will continue uninterrupted."
IRDI-ICSO Private Equity is the largest independent regional actor in France, managing funds at risk (FCPR) and Investment Funds Proximity (FIP) to cover the needs for capital funding in the West and South of France and Northern Spain.
Mercury Computer Systems, Inc. - Where Challenges Drive Innovation(TM)
Mercury Computer Systems (http://www.mc.com/, NASDAQ: MRCY) provides embedded computing systems and software that combine image, signal, and sensor processing with information management for data-intensive applications. With deep expertise in optimizing algorithms and software and in leveraging industry-standard technologies, we work closely with customers to architect comprehensive, purpose-built solutions that capture, process, and present data for defense electronics, homeland security, and other computationally challenging commercial markets. Our dedication to performance excellence and collaborative innovation continues a 25-year history in enabling customers to gain the competitive advantage they need to stay at the forefront of the markets they serve.
Mercury is based in Chelmsford, Massachusetts, and serves customers worldwide through a broad network of direct sales offices, subsidiaries, and distributors.
Forward-Looking Safe Harbor Statement
This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the agreement to sell the Visualization Sciences Group to IRDI-ICSO Private Equity. You can identify these statements by our use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, general economic and business conditions, including unforeseen weakness in the Company's markets, effects of continued geo-political unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, continued funding of defense programs, the timing of such funding, changes in the U.S. Government's interpretation of federal procurement rules and regulations, market acceptance of the Company's products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, and difficulties in retaining key customers. These risks and uncertainties also include such additional risk factors as are discussed in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2008. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.
Contact:
Robert Hult, Senior Vice President and CFO
Mercury Computer Systems, Inc.
978-967-1990
Challenges Drive Innovation is a trademark of Mercury Computer Systems, Inc. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.
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Mercury Computer Systems, Inc.
CONTACT: Robert Hult, Senior Vice President and CFO of Mercury Computer Systems, Inc., +1-978-967-1990
Web Site: http://www.mc.com/
Streamline Health(R) Solutions Reports First Quarter Results
CINCINNATI, June 9 /PRNewswire-FirstCall/ -- Streamline Health Solutions, Inc. today announced financial results for the first quarter, ended April 30, 2009.
Highlights for the quarter included:
-- Company wins new multi-facility Canadian health institution contract;
-- Total Operating Expenses declined by 16%;
-- Year-over-Year Backlog up 59%;
-- Net income: $16,000 vs net loss of $0.8 million in Q1 2008;
-- EPS: $0.00 vs. $(0.09) in comparable quarter last year.
Revenues for the first quarter of 2009 were $3.8 million compared to $3.6 million in the first quarter in 2008. Net earnings for the quarter were $16,000, or $0.00 per fully diluted share, compared to a net loss of $815,000, or $(0.09) per fully diluted share, in the first quarter of 2008.
Systems sales increased 12% to $347,000 in the first quarter of 2009 when compared with the first quarter of 2008. The increase in system sales for the quarter was attributed to increases in software license sales.
Services, maintenance and support revenues for the first quarter totaled $2.7 million, reflecting a 12% increase over the $2.4 million of services, maintenance and support revenues in the first quarter of 2008. Revenue growth was principally driven by a $195,000 increase in maintenance revenues and an $89,000 increase in professional services revenues.
J. Brian Patsy, Chief Executive Officer of Streamline Health, commented, "During the quarter we operated more efficiently and consequently profitably, as revenues increased over the prior comparable quarter. We continue to make progress in moving this business forward to the point of becoming consistently profitable; that is our main strategic goal. While we are pleased with the small profit that was earned during the quarter, we know we have much more to accomplish, but we are off to a good start in fiscal 2009, and ahead of our internal plan."
"We are pleased to have secured a new contract during the first quarter in excess of $1.0 million for our document workflow solutions to be integrated into the electronic medical records solution for multiple facilities within another leading Canadian healthcare region," continued Mr. Patsy. "This is the second large Canadian contract won within the past year. These two contracts cover 18 healthcare facilities. As a result, pending the general availability status for our multi-lingual product release, we expect to recognize approximately $1.6 million in software licensing revenues plus additional implementation services in the fourth fiscal quarter. Additionally, we expect our backlog will increase several million dollars as a result of anticipated installation and maintenance services fees over the term of the agreements. We look forward to a solid long-term relationship with this new client."
Application-hosting services revenues declined by approximately $204,000, or 23%, in the first quarter of fiscal 2009 primarily due to the previously announced loss of a large customer in July 2008. New application-hosting contracts signed throughout fiscal 2008 will begin to generate new revenues in the coming quarters. When the new application-hosting services are totally implemented, these new customers are expected to generate revenues to approximate 85% of the revenues attributed to the loss of the large customer in July 2008. Development of new application-hosting customers going forward will drive future growth.
Total operating expenses declined by more than $700,000 to $3.7 million for the first quarter of 2009 from $4.4 million for the comparable period in 2008. This was primarily a result of company-wide cost reductions initiated in the third quarter of 2008 in response to the market shift toward SaaS (Software as a Service)-based hosting contracts. During the just completed quarter, Selling, General and Administrative expenses decreased by $384,000 and Product Research and Development expenses decreased by $373,000.
The operating profit for the first quarter of fiscal 2009 was $28,000 compared with an operating loss of $813,000 in the first quarter of fiscal 2008. This $841,000 improvement in earnings is the result of increased systems sales, increased professional services, increased maintenance services, and improved cost management.
Total backlog at the end of the quarter was $24.3 million, representing an increase of 59% over the comparable backlog of a year ago. Growth in the backlog was primarily driven by a large increase in SaaS-based hosting services contracts won throughout 2008. Backlog declined by about 7% since the end of January 2009 reflective of the Company recognizing revenues from sales made in 2008 and the suspension of one small hosting client during the quarter due to economic factors.
Conference Call Information
The Company will conduct a conference call and web cast to review the results of the first quarter of fiscal 2009 later today, June 9, 2009 at 4:30 p.m. ET.
Interested parties can access the call by dialing (800) 860-2442 or (412) 858-4600, or can listen via a live Internet web cast, which can be found at http://www.streamlinehealth.net/. A replay of the call will be available by visiting http://www.streamlinehealth.net/ for 30 days or by calling (877) 344-7529 or (412) 317-0088, access code 431236, through June 12, 2009 at 5:00 p.m. ET.
About Streamline Health
Streamline Health is a leading supplier of document workflow and document management tools, applications and services that assist strategic business partners and healthcare organizations to improve operational efficiencies through business process optimization. The Company provides integrated tools and technologies for automating document-intensive environments, including document workflow, document management, e-forms, connectivity, optical character recognition (OCR) and business process integration.
The Company's workflow-based services offer solutions to inefficient and labor-intensive healthcare business processes throughout the revenue cycle, such as chart coding, abstracting and completion, remote physician referral order processing, pre-admission registration scanning and signature capture, financial screening, perioperative processing, Recovery Audit Contractor (RAC) mitigation processing, secondary billing services, explanation of benefits processing and release of information processing. The Company's solutions also address the document workflow needs of the Human Resource and Supply Chain Management processes of the healthcare enterprise. All solutions are available through a Software as a Service (SaaS) model of delivery via the Company's Remote Hosting Center that better matches customers' capital or operating budget needs, or via a locally installed software licensing model.
Streamline Health's solutions create a permanent document-based repository of historical health information that is complementary and can be seamlessly integrated with existing disparate clinical, financial and administrative information systems, providing convenient electronic access to all forms of patient information from any location, including secure web-based access. These integrated solutions allow providers and administrators to link existing systems with documents, which can dramatically improve the availability of patient information while decreasing direct costs associated with document retrieval, work-in-process, chart processing, document retention, and archiving. For additional information please visit our website at http://www.streamlinehealth.net/.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995
Statements made by Streamline Health Solutions, Inc. that are not historical facts are forward-looking statements that are subject to risks and uncertainties. The forward looking statements contained herein are subject to certain risks, uncertainties and important factors that could cause actual results to differ materially from those reflected in the forward-looking statements, included herein. These risks and uncertainties include, but are not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, key strategic alliances with vendors that resell the Company products, the ability of the Company to control costs, availability of products produced from third party vendors, the healthcare regulatory environment, potential changes in legislation, regulation and government funding affecting the healthcare industry, healthcare information systems budgets, availability of healthcare information systems trained personnel for implementation of new systems, as well as maintenance of legacy systems, fluctuations in operating results, effects of critical accounting policies and judgments, changes in accounting policies or procedures as may be required by the Financial Accountings Standards Board or other similar entities, changes in economic, business and market conditions impacting the healthcare industry, the markets in which the Company operates, and the Company's ability to maintain compliance with the terms of its credit facilities, and other risks detailed from time to time in the Streamline Health Solutions, Inc. filings with the U. S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly release the results of any revision to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
COMPANY CONTACT: INVESTOR CONTACT:
J. Brian Patsy Joe Diaz, Robert Blum or Joe Dorame
Chief Executive Officer Lytham Partners, LLC
(513) 794-7100 (602) 889-9700
Financial Tables on Following Pages
STREAMLINE HEALTH SOLUTIONS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Three Months Ended April 30,
(Unaudited)
2009 2008
Revenues:
Systems sales $347,044 $309,490
Services, maintenance and support 2,716,241 2,433,135
Application-hosting services 687,514 891,493
Total revenues 3,750,799 3,634,118
Operating expenses:
Cost of systems sales 665,660 750,971
Cost of services, maintenance and
support 1,064,130 1,089,516
Cost of application-hosting services 431,805 288,191
Selling, general and administrative 1,214,970 1,599,423
Product research and development 346,247 719,255
Total operating expenses 3,722,812 4,447,356
Operating income (loss) 27,987 (813,238)
Other income (expense):
Interest income - 5,554
Interest expense (7,466) (438)
Other income (expense) 2,820 -
Earnings (Loss) before taxes 23,341 (808,122)
Income taxes (7,000) (6,500)
Net earnings (loss) $16,341 $(814,622)
Basic net earnings (loss) per common
share $0.00 $(0.09)
Diluted net (loss) per common share $0.00 $(0.09)
Number of shares used in per common
share computations:
Basic 9,354,782 9,260,320
Diluted 9,404,364 9,260,320
STREAMLINE HEALTH SOLUTIONS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
Assets
(Unaudited) (Audited)
April 30, January 31,
2009 2009
Current assets:
Cash and cash equivalents $1,108,671 $3,128,801
Accounts receivable, net of
allowance for doubtful
accounts of $100,000 1,390,879 1,328,508
Contract receivables 715,430 502,373
Prepaid hardware and third party
software for future delivery 630,904 681,540
Prepaid other, including prepaid
customer maintenance contracts 1,130,422 802,951
Deferred income taxes 247,000 247,000
Total current assets 5,223,306 6,691,173
Property and equipment:
Computer equipment 2,574,780 2,475,928
Computer software 1,495,949 1,405,407
Office furniture, fixtures and
equipment 737,344 737,344
Leasehold improvements 574,257 574,257
5,382,330 5,192,936
Accumulated depreciation and
amortization (3,818,046) (3,625,408)
1,564,284 1,567,528
Contract receivables, less current
portion - 321,500
Capitalized software development
costs, net of accumulated
amortization of $8,743,869 and
$8,311,760, respectively 6,998,251 6,481,360
Other, including deferred income
taxes of $1,628,000 1,659,111 1,670,891
$15,444,952 $16,732,452
STREAMLINE HEALTH SOLUTIONS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
Liabilities and Stockholders' Equity
(Unaudited) (Audited)
April 30, January 31,
2009 2009
Accounts payable $1,151,759 $759,577
Accrued compensation 381,192 299,000
Accrued other expenses 304,097 472,113
Deferred revenues 4,508,916 5,941,837
Total current liabilities 6,345,964 7,472,527
Deferred revenues, less current portion 1,094,981 1,313,977
Line of Credit 800,000 800,000
Other 24,421 48,842
Total liabilities 8,265,366 9,635,346
Stockholders' equity:
Convertible redeemable preferred stock,
$.01 par value per share 5,000,000
shares authorized, no shares issued - -
Common stock, $.01 par value per share,
25,000,000 shares authorized, 9,354,782
shares issued, respectively 93,548 93,548
Additional paid in capital 35,886,556 35,820,417
Accumulated (deficit) (28,800,518) (28,816,859)
Total stockholders' equity 7,179,586 7,097,106
$15,444,952 $16,732,452
STREAMLINE HEALTH SOLUTIONS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Three Months Ended April 30,
(Unaudited)
2009 2008
Operating activities:
Net earnings (loss) $16,341 $(814,622)
Adjustments to reconcile net earnings (loss)
to net cash (used in) provided by operating
activities:
Depreciation and amortization 624,747 689,609
Share-based compensation expense 66,139 40,054
Changes in assets and liabilities:
Accounts and contract receivables 46,072 1,446,450
Other current assets (276,835) (263,537)
Accounts payable and accrued expenses 306,358 (519,091)
Deferred revenues (1,651,917) (332,982)
Net cash (used in) provided by operating
activities (869,095) 245,881
Investing activities:
Purchases of property and equipment (189,394) (254,002)
Capitalization of software development costs (949,000) (900,000)
Other (12,641) (34,738)
Net cash (used in) investing activities (1,151,035) (1,188,740)
Financing activities:
Net cash provided by (used in) financing
activities - -
Decrease in cash and cash equivalents (2,020,130) (942,859)
Cash and cash equivalents at
beginning of period 3,128,801 2,189,010
Cash and cash equivalents
at end of period $1,108,671 $1,246,151
Supplemental cash flow disclosures:
Interest paid $7,444 $8,740
Income taxes paid $9,686 $438
At April 30, 2009, Streamline Health has master agreements, purchase orders or royalty reports from remarketing partners for systems and related services which have not been delivered, installed and accepted which, if fully performed, will generate future revenues of $24,305,000 compared with $26,179,000 and $15,215,000 at the end of the fourth and first quarter of 2008, respectively, as follows:
April 30, January 31, April 30,
2009 2009 2008
Streamline Health Software
Licenses $2,022,000 $1,027,000 $1,988,000
Custom Software 138,000 278,000 335,000
Hardware and Third Party
Software 524,000 562,000 1,409,000
Professional Services 4,170,000 4,691,000 5,189,000
Application Hosting Services 11,890,000 13,043,000 2,256,000
Recurring Maintenance 5,561,000 6,578,000 4,038,000
TOTAL $24,305,000 $26,179,000 $15,215,000
Streamline Health Solutions, Inc.
CONTACT: J. Brian Patsy, Chief Executive Officer of Streamline Health Solutions, Inc., +1-513-794-7100; or Investors, Joe Diaz, or Robert Blum, or Joe Dorame, all of Lytham Partners, LLC, +1-602-889-9700, for Streamline Health Solutions, Inc.
Web Site: http://www.streamlinehealth.net/
TiVo to Present at the Credit Suisse Global Media and Communications Convergence Conference (UPDATE)
ALVISO, Calif., June 9 /PRNewswire-FirstCall/ -- TiVo Inc. , the creator of and a leader in television services for digital video recorders (DVRs), today announced that Vice President of Corporate Development Naveen Chopra will present at the Credit Suisse Global Media and Communications Convergence Conference on June 10. The webcast of the presentation will be available on the Investor Relations section of the TiVo website at http://investor.tivo.com/ under the events calendar tab.
Conference Details*:
Credit Suisse Global Media and Communications Convergence Conference
Dana Point, CA
Wednesday, June 10, 2009
12:15PM PDT (previously 2:45 PM PDT)
Naveen Chopra, Vice President, Corporate Development
*Please note the change in presentation time.
About TiVo Inc.
Founded in 1997, TiVo Inc. developed the first commercially available digital video recorder (DVR). TiVo offers the TiVo service and TiVo DVRs directly to consumers online at http://www.tivo.com/ and through third-party retailers. TiVo also distributes its technology and services through solutions tailored for cable, satellite, and broadcasting companies. Since its founding, TiVo has evolved into the ultimate single solution media center by combining its patented DVR technologies and universal cable box capabilities with the ability to aggregate, search, and deliver millions of pieces of broadband, cable, and broadcast content directly to the television. An economical, one-stop-shop for in-home entertainment, TiVo's intuitive functionality and ease of use puts viewers in control by enabling them to effortlessly navigate the best digital entertainment content available through one box, with one remote, and one user interface, delivering the most dynamic user experience on the market today. TiVo also continues to weave itself into the fabric of the media industry by providing interactive advertising solutions and audience research and measurement ratings services to the television industry. http://www.tivo.com/
TiVo Inc.
CONTACT: Investor Relations, Derrick Nueman of TiVo Inc., +1-408-519-9677, ir@tivo.com; or Media Relations, Michael Boccio of Sloane & Company, +1-212-446-1867, mboccio@sloanepr.com, for TiVo Inc.
Web Site: http://www.tivo.com/
National Instruments Provides Q2 Business Update
AUSTIN, Texas, June 9, 2009 /PRNewswire-FirstCall/ -- National Instruments today announced quarter-to-date bookings data and revenue and earnings guidance for Q2 2009. The company reported that the average daily order rates were down 31 percent year-over-year in April and down 24 percent year-over-year in May, representing an average daily order rate decline for the quarter of 27 percent year-over-year, through June 7.
The latest reading of the global Purchasing Managers Index (PMI) of 45.3 in May indicates that while the rate of decline in the global industrial economy has moderated significantly from the end of 2008, global industrial production was still contracting through the end of May. The quarter-to-date average for the global PMI is close to the lowest levels seen during the 2001 recession. In addition, when industrial production does begin to expand the industrial economy will be dealing with record amounts of excess capacity, which will take a period of time to absorb.
Geographically, the company saw the effects of the slowdown worldwide, with all regions experiencing double digit year-over-year declines in the daily order rate this quarter through June 7. In U.S. dollar terms, the daily order rates were down 24 percent year-over-year in the Americas, down 26 percent in Asia and down 33 percent in Europe.
"I believe our ability to sustain investments in strategic projects and new growth areas will enable us to emerge in a stronger competitive position in the eventual recovery," said James Truchard, NI president and CEO. "Our investments in R&D over the past several years combined with recent initiatives to grow our field sales channel continue to establish our presence in areas such as RF, which is again showing strong year-over-year growth in Q2."
Outlook
NI currently expects revenue for Q2 2009 to be in the range of $145 million and $155 million, which represents a year-over-year decline of between 26 percent and 31 percent. Given the continued weakness of the global PMI, the company's guidance assumes that similar to December and March, the company will not see the traditional end of quarter surge in larger orders in June. Additionally, for Q2 2009, the company expects GAAP fully diluted EPS will be in the range of a loss of $0.04 to a profit of $0.04 for Q2, with non-GAAP fully diluted EPS expected to be in the range of $0.00 to $0.08. A reconciliation of the company's Q2 2009 guidance on a GAAP basis to its guidance on a non-GAAP basis is included as part of this news release.
"Our primary financial goals in this time period are to maintain the financial strength of the company, by having strong cash reserves and maintaining non-GAAP profitability," said Alex Davern, NI CFO. "We will focus on maintaining stable gross margins, continuing to develop a highly differentiated product offering, and optimizing our operating expense cost structure, while maintaining strong employee productivity."
Interested parties can listen to a conference call today, June 9, beginning at 4:00 p.m. CDT, at http://www.ni.com/call. Replay information is available by calling (888) 203-1112, confirmation code #5345080, from June 9 at 7:00 p.m. CDT through June 14 at midnight CDT.
Forward-Looking Statements
This release contains "forward-looking statements," including statements related to excess capacity taking a period of time to absorb, actions enabling us to emerge in a stronger competitive position, investments continuing to establish our presence in areas such as RF, our Q2 2009 guidance for revenue, GAAP EPS and Non-GAAP EPS, the company's assumption it will not see the traditional end of quarter surge in large orders in June, maintaining the financial strength of the company, maintaining stable gross margins, and a differentiated product offering and optimizing cost structure while maintaining employee productivity. These statements are subject to a number of risks and uncertainties, including the risk of further adverse changes or fluctuations in the global economy, delays in the release of new products, fluctuations in customer demand for NI products, manufacturing inefficiencies and foreign exchange fluctuations. Actual results may differ materially from the expected results. The company directs readers to documents it files with the SEC for other risks associated with the company's future performance.
About National Instruments
National Instruments (http://www.ni.com/) is transforming the way engineers and scientists design, prototype and deploy systems for measurement, automation and embedded applications. NI empowers customers with off-the-shelf software such as NI LabVIEW and modular cost-effective hardware, and sells to a broad base of more than 30,000 different companies worldwide, with no one customer representing more than 3 percent of revenue and no one industry representing more than 15 percent of revenue. Headquartered in Austin, Texas, NI has more than 5,000 employees and direct operations in more than 40 countries. For the past 10 years, FORTUNE magazine has named NI one of the 100 best companies to work for in America. Readers can obtain investment information from the company's investor relations department by calling (512) 683-5090, e-mailing nati@ni.com or visiting http://www.ni.com/nati
LabVIEW, National Instruments, NI and ni.com are trademarks of National Instruments. Other product and company names listed are trademarks or trade names of their respective companies.
National Instruments Corporation
Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of Estimated GAAP Fully Diluted EPS to Non-GAAP
Fully Diluted EPS
Three months ended
June 30, 2009
Low High
GAAP Fully Diluted EPS, estimated $(0.04) $0.04
Adjustment to reconcile diluted EPS to non-GAAP
diluted EPS:
Impact of stock-based compensation, net
of tax effect 0.03 0.03
Impact of amortization of acquisition
intangibles, net of tax effect 0.01 0.01
-----------------
Non-GAAP diluted EPS, estimated $0.00 $0.08
=================
Contact: Veronica Garza
Investor Relations
(512) 683-6873
Photo: http://www.newscom.com/cgi-bin/prnh/20080723/LAW030LOGO http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
National Instruments
CONTACT: Veronica Garza of National Instruments, Investor Relations, +1-512-683-6873
Web Site: http://www.ni.com/
Wireless Phone Users in Johnson County, Illinois, Now Experience Even Clearer Reception and Fewer Dropped CallsVerizon Wireless Activates New Cell Site In Ozark
OZARK, Ill., June 9 /PRNewswire/ -- Verizon Wireless, the wireless company with the highest customer loyalty, has activated a new cell site in Johnson County, which will enable more customers to use their wireless phones concurrently to make calls; send and receive email and text, picture and video messages; access the Internet; view high-quality videos; and download music, games and ringtones, while enjoying clearer reception and fewer dropped calls.
This new cell site expands Verizon Wireless' voice and data network to rural areas of Johnson County, primarily along the U.S. Highway 45 corridor from the town of Stonefort to Tunnel Hill Road, including the communities of New Burnside and Ozark.
"Network reliability is the No. 1 reason that customers choose and stay with Verizon Wireless," said Brendan Fallis, president-Kansas/Missouri/Southern Illinois Region, Verizon Wireless. "Getting through on the first try and maintaining a connection are important to our customers. We continue to optimize our network so that it remains the most reliable in the nation."
This network improvement is part of Verizon Wireless' continual effort to expand coverage, improve capacity and enhance the quality of its wireless voice and data network in Illinois and throughout the country. Verizon Wireless has invested more than $50 billion since it was formed--$5.5 billion on average every year--to increase the coverage and capacity of its premier nationwide network and to add new services. In 2008, the company invested more than $196.5 million in its Illinois network.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving more than 86.6 million customers. Headquartered in Basking Ridge, N.J., with more than 86,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, visit http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Cheryl Bini Armbrecht, Cheryl.Bini@verizonwireless.com, or Brenda Hill, Brenda.Hill@verizonwireless.com, both of Verizon Wireless, +1-636-345-9400; or Caroline Villanueva, 1-314-725-5645, caroline@sequel-llc.com, for Verizon Wireless
Web Site: http://www.verizonwireless.com/
Rolla, Missouri, Residents to Benefit From Verizon Wireless Network EnhancementsNew Cell Site Means Clearer Reception, Fewer Dropped Calls
ROLLA, Mo., June 9 /PRNewswire/ -- Verizon Wireless, the wireless company with the highest customer loyalty, has activated a new cell site in Phelps County, which will enable more customers to use their wireless phones concurrently to make calls; send and receive email and text, picture and video messages; access the Internet; view high-quality videos; and download music, games and ringtones, while enjoying clearer reception and fewer dropped calls.
The new cell site extends Verizon Wireless voice and data coverage to an area just south of Rolla, and along U.S. Highway 63 from north of Brays Lake to McKimmey Road in Phelps County.
"Network reliability is the No. 1 reason that customers choose and stay with Verizon Wireless," said Brendan Fallis, president-Kansas/Missouri Region, Verizon Wireless. "Getting through on the first try and maintaining a connection are important to our customers. We continue to optimize our network so that it remains the most reliable in the nation."
This network improvement is part of Verizon Wireless' continual effort to expand coverage, improve capacity and enhance the quality of its wireless voice and data network in Missouri and throughout the country. Verizon Wireless has invested more than $50 billion since it was formed--$5.5 billion on average every year--to increase the coverage and capacity of its premier nationwide network and to add new services. In 2008, the company invested more than $49.6 million in its Missouri network.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving more than 86.6 million customers. Headquartered in Basking Ridge, N.J., with more than 86,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, visit http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Cheryl Bini Armbrecht, Cheryl.Bini@verizonwireless.com, or Brenda Hill, Brenda.Hill@verizonwireless.com, both of Verizon Wireless, +1-636-345-9400; or Caroline Villanueva, +1-314-725-5645, caroline@sequel-llc.com, for Verizon Wireless
Web Site: http://www.verizonwireless.com/
Blockbuster Creates Movie Road Map for Film Lovers Looking to Escape in This SummerMajority of Americans Surveyed Plan to Skip the Road, Watch Movies & Games
DALLAS, June 9 /PRNewswire-FirstCall/ -- According to a recent survey on blockbuster.com(R), the majority (55 percent) of consumers are opting to escape in with at-home entertainment rather than head out on the road this summer. To meet their needs for less expensive travel, the entertainment retailer has created the BLOCKBUSTER(R) Road Trip, an interactive movie road map on its web site, http://www.blockbuster.com/. With this map, movie lovers can create their own virtual road trip across the continental United States from the comfort of their own homes.
"One of the reasons movies are so universally appealing is their ability to transport you from reality and give you an escape from your daily routine," said Bob Barr, vice president and general manager for blockbuster.com. "The BLOCKBUSTER Road Trip gives our customers the chance to be an armchair traveler this summer."
The BLOCKBUSTER Road Trip helps you visit scenic locales across the U.S. from rural Maine ("The Spitfire Grill") and the mountains of North Carolina ("Cold Mountain") to Arizona ("3:10 to Yuma") and Napa Valley, California ("Bottle Shock"). Films from the heartland are also included, including states like Iowa ("The Bridges of Madison County") and Indiana ("Hoosiers"). Movies set or made in all 48 states of the continental U.S., plus the District of Columbia, are included.
Some of the movies included give viewers access to a level of excitement they might prefer to experience in the safety of their own living rooms rather than first-hand on a road trip. Movie lovers can safely experience a rush of adrenaline while staying in a haunted hotel in Colorado in "The Shining" or hunting sharks off Martha's Vineyard in "Jaws." Likewise some characters' quirks are better left to the movies rather than sitting across from you in the family SUV, as in Connecticut's dysfunctional duo in "Revolutionary Road" or the devil next door in "The Witches of Eastwick" set in Massachusetts.
As a part of its celebration of famous and not-so-famous movie locations, Blockbuster also invites movie lovers to visit and share photos through the BLOCKBUSTER Movie Road Trip group at http://www.flickr.com/groups/movieroadtrip. Here, film buffs can post photos from their visits to the sites of movie settings such as Katz's Delicatessen in New York from "When Harry Met Sally" and Platform 9 3/4 in London from "Harry Potter."
The BLOCKBUSTER Road Trip will be available for virtual movie travel throughout the summer at http://www.blockbuster.com/roadtrip. All movies featured in the program are available for rent and for sale at http://www.blockbuster.com/.
About Blockbuster
Blockbuster Inc. is a leading global provider of in-home movie and game entertainment, with more than 7,200 stores throughout the Americas, Europe, Asia and Australia. The company may be accessed worldwide at http://www.blockbuster.com/.
Blockbuster Inc.
CONTACT: Tami Cannizzaro of Blockbuster Inc., +1-214-854-3190
Web Site: http://www.blockbuster.com/
On the Go and in the Know: comScore Reports Mobile Audience for Local Content Grows 51 Percent vs. Year AgoLocal Search Sites Expand Reach via Mobile Phones with Mobile Subscribers Increasingly Using Downloaded Applications and SMS for Local Content
RESTON, Va., June 9 /PRNewswire-FirstCall/ -- comScore, Inc. , a leader in measuring the digital world, today reported that the number of people who sought local information on a mobile device grew 51 percent from March 2008 to March 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080115/COMSCORELOGO)
The mobile browser is the leading access method for seeking local information, with 20.7 million users in March 2009, up 34 percent versus year ago. However, the strongest growth in the category is coming from downloaded applications, which grew 83 percent versus year ago, followed by SMS at 72 percent. However, despite the attention mobile applications have received from developers, carriers and device OEMs, they remain the least popular access mode for mobile access of local information, with 11.3 million users in March. A marginally more often used channel for obtaining local information is SMS, with 11.7 million users, and an impressive 72-percent growth rate. Overwhelmingly, though, the preferred mode to access local content remains the mobile browser.
Subscribers Accessing Local Mobile Content* by Access Method
Three-Month Average Ending March 2009 vs. March 2008
U.S. Mobile Subscribers Age 13+
Source: comScore Mobile
Number of Mobile Subscribers (MM)
Percent
Mar-08 Mar-09 Change
Any Access Method 21.5 32.5 51%
Browser 15.4 20.7 34%
SMS 6.8 11.7 72%
Application downloaded to phone 6.2 11.3 83%
*Local content defined as searching for information on maps, movies,
business directories or restaurants.
"Given the explosion in application stores and associated marketing efforts, along with the growth in mobile phones using faster data networks, it would not be surprising within the next six months to see the number of people using downloadable applications surpass SMS for the accessing of local information via mobile devices," said Serge Matta, comScore senior vice president.
Among the various local content categories, the number of people accessing online directories has seen the greatest increase during the past year (73 percent), followed by restaurants (70 percent), maps (63 percent) and movies (60 percent).
Growth in Local Mobile Content by Genre
Three-Month Average Ending March 2009 vs. March 2008
U.S. Mobile Subscribers Age 13+
Source: comScore Mobile
Y/Y Percent
Local Mobile Content Genre Change
Online Directories 73%
Restaurants 70%
Maps 63%
Movies 60%
Local Search Brands Move Towards Mobile
Across the board, local search-focused Internet brands have been developing mobile content at a feverish pace. AT&T Interactive, for example, has made a significant effort to expand its YELLOWPAGES.COM online experience across several mobile platforms.
"We're focused on extending the YELLOWPAGES.COM experience to mobile through our popular downloadable apps, SMS search, and mobile web apps," said Matt Crowley, CMO of AT&T Interactive. "In addition, we power local search for AT&T's MEdiaNet portal and have our YP.COM mobile client preinstalled on capable AT&T smart and feature phones. As a result of this strategy, we've seen our reach extended by 6 percent for our combined online and mobile unique web visitor audience."
Whether it is a mobile-optimized Web site or a comprehensive mobile application, local search brands seeking to capitalize on the trend are looking to mobile to extend consumer reach and attract incremental ad dollars. Joining YELLOWPAGES.COM within the past six months, Idearc's Superpages, R.H. Donnelley's DexKnows and Yellowbook's Yellowbook.com have all released iPhone applications.
"The mobile medium is an ideal fit for local directories," said Deborah Eldred, Director, Mobile and Personalization for R.H. Donnelley. "We have the content to provide customers with the most relevant and up-to-date information to meet their needs while they are on the go. In fact, we have seen a significant increase in queries specific to visiting a local establishment, as people are looking for information about where to eat and what to do when they are out and about. They look to a trusted brand to provide the confidence that consumers need in that information. Our multiple mobile content areas, from maps and directions to restaurant recommendations, help give consumers access via the means most convenient to them."
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.
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comScore, Inc.
CONTACT: Andrew Lipsman of comScore, Inc., +1-312-775-6510, press@comscore.com
Web Site: http://www.comscore.com/
RadioShack Reminds Consumers to Rescan Converter Boxes After June 12 Digital Television Transition to Pick Up More Channels
FORT WORTH, Texas, June 9 /PRNewswire-FirstCall/ -- The national analog-to-digital television broadcast transition, commonly referred to as the DTV transition, is quickly approaching. As a continuation of its educational and community outreach efforts, RadioShack Corporation is reminding consumers to make sure they rescan their digital-to-analog converter boxes after June 12.
Because some digital stations are moving to different channel numbers after the DTV transition, consumers who have installed digital converter boxes or digital televisions may find it necessary to rescan one or more times on June 12 and the morning of June 13 as broadcast stations complete their upgrades. This can be done through the converter box setup menu. Rescanning their converter boxes or digital televisions will potentially help consumers enjoy additional digital channels and a better quality picture.
"We know that education has been very helpful in helping consumers prepare for the transition to digital broadcasting," said Peter Whitsett, RadioShack Executive Vice President - Merchandising. "Now that we are in the final stretch, RadioShack store associates are standing by ready with advice along with a complete line of innovative products and options to help consumers throughout the nation enjoy the full benefits of digital broadcasting."
RadioShack has a free DTV Transition Learning Course available online in both English and Spanish available at http://learningcenter.radioshack.com/. The two-lesson self-paced course can be viewed in about 60 minutes and leads consumers through a detailed DTV transition overview. To find the nearest store location, visit http://www.radioshack.com/ and click on the store locator function. RadioShack has worked with the American Library Association, the Federal Communications Commission (FCC), the National Telecommunications and Information Administration (NTIA) and other government and community organizations to conduct hundreds of educational and community outreach events throughout the nation.
About RadioShack Corporation
RadioShack Corporation , headquartered in Fort Worth, Texas, is one of the nation's most experienced and trusted consumer electronics specialty retailers. Operating from convenient and comfortable neighborhood and mall locations, RadioShack stores deliver personalized product and service solutions within a few short minutes of where most Americans either live or work. RadioShack has approximately 4,400 company-operated stores; almost 1,400 dealer outlets; nearly 700 wireless phone kiosks throughout the U.S.; and approximately 200 company-operated stores in Mexico. RadioShack employs a diverse workforce of more than 34,000. Our knowledgeable sales associates are committed to adding value to the in-store shopping experience by offering advice and helping customers choose the best technology solution to meet their needs. For more information, visit http://www.radioshack.com/.
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RadioShack Corporation
CONTACT: Wendy Dominguez of RadioShack Corporation, +1-817-415-3300, media.relations@RadioShack.com
Web Site: http://www.radioshackcorporation.com/ http://www.radioshack.com/
Apria Healthcare Awards Technology Solutions Contract to Perot Systems
PLANO, Texas, June 9 /PRNewswire-FirstCall/ -- Apria Healthcare Group Inc. and Perot Systems Corporation (http://www.perotsystems.com/) today announced an agreement in which the global technology solutions provider will deliver to Apria Healthcare a range of healthcare information technology solutions, including the management of data center operations and applications solutions, as well as consulting services. The term of the contract is for ten years.
"When we sought and evaluated the IT services providers that could support our growing business, we chose a company with a proven record of providing IT and business solutions to the healthcare industry and the ability to meet our complex needs around-the-clock," said Norman C. Payson, MD, chief executive officer of Apria Healthcare. "Perot Systems has the capabilities, the scope of services and the experience we need. Our alliance with Perot Systems will provide greater flexibility, quality, and efficiency in our IT operations."
"We are very proud to be supporting Apria Healthcare, one of America's leading diversified home healthcare providers," said Peter Altabef, president and chief executive officer of Perot Systems. "We understand the unique business and technology needs facing Apria and are committed to providing the company with top-quality IT solutions and significant savings to help them meet their patient care, quality of service and business objectives."
About Apria Healthcare Group Inc.
Headquartered in Lake Forest, CA, Apria provides home respiratory therapy, home infusion therapy and home medical equipment and related services through approximately 550 branch and pharmacy locations. The company serves over 2 million patients annually in all 50 states, and is among the country's largest home healthcare providers. Further information is available at http://www.apria.com/.
About Perot Systems
Perot Systems is a worldwide provider of information technology services and business solutions. 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.
MEDIA CONTACTS:
PEROT SYSTEMS CORPORATION
Healthcare
Jonathan Moss
+1 972 577 6395
Jonathan.moss@ps.net
Perot Systems Corporation
CONTACT: Jonathan Moss of Perot Systems Corporation Healthcare, +1-972-577-6395, Jonathan.moss@ps.net
Web Site: http://www.perotsystems.com/ http://www.apria.com/
Company News On-Call: http://www.prnewswire.com/comp/122686.html
SonicWALL Delivers Secure Remote Access and Support for Canadian Transportation and Distribution LeaderRemco Group Boosts IT Support Productivity by 30 Percent Using SonicWALL SSL-VPN 2000
SUNNYVALE, Calif., June 9 /PRNewswire-FirstCall/ -- SonicWALL, Inc. , a leading secure network infrastructure company, today announced that the Remco Group, a transportation and distribution leader across Canada, has deployed a SonicWALL SSL-VPN 2000 using the latest v3.5 firmware release, to provide comprehensive secure remote access and remote support services for internal and third-party end users.
"The SonicWALL SSL-VPN 2000 has increased our support productivity by at least 30 percent," said Mike Thompson, IT Project Manager at the Remco Group.
The SonicWALL(R) SSL-VPN 2000 solution provides small and mid-sized enterprises with a powerful, easy-to-use and cost-effective secure remote access and remote support solution that does not require pre-installed client software. Utilizing a standard Web browser, authorized users including mobile workers, partners and customers can securely access e-mail, files, intranets, business applications, desktops and servers from any location.
"We push custom applications out to our customers that need support. Now they call us and we'll use the Virtual Assist feature to go into the machine without physically having to drive there. We can troubleshoot and chat without long distance phone costs as well," said Thompson. "The Standalone Client is great. It lets remote users re-establish a connection really easily if we need to reboot or if their browser drops, and prevents a lot of frustration. That's the kind of control and functionality we want."
SonicWALL(R) Virtual Assist is a clientless remote support tool that enables a technician to assume control of a customer's PC or laptop for the purpose of providing remote technical assistance. With the customer's permission, the technician can gain instant access to the computer using a Web browser, making it easy to diagnose and fix a problem remotely without the need for a pre-installed client.
"Now we can tell users to do whatever they want on their own computer, online banking, watch streaming videos, whatever -- as long as it's not coming through our network, we really don't care -- and they can still securely access work resources through a published Web page, RDP or Citrix connection," said Thompson. "Our users love it. And the Dynamic Virtual Office portal gives them a lot of information and help features they can access before they have to call us."
The SonicWALL SSL-VPN 2000 firmware v3.5 release features Virtual Assist Standalone Client to enable multiple customer support and seamless remote reboot and reconnect; Virtual Assist Mac Support; NetExtender Mobile for complete intranet access from Windows Mobile devices; trial-based Web Application Firewall service; Application Offloading for secure clientless access to Web applications through a portal; easy-to-use dynamic Virtual Office user portal; and extensive IPv6 support.
Security is enhanced because customer access is now limited to only what Remco policy allows them see on the portal. Third-party customers have no direct access to Remco's servers or network, so they can ensure no one outside the company goes where they are not authorized to go.
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 benefits associated with the SonicWALL SSL-VPN 2000 solution; expectations of support productivity increases and the benefits associated with the SonicWALL Virtual Assist remote support tool. 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, +1-408-962-6131, cnichols@sonicwall.com, or Sarah London, +1-408-962-6163, slondon@sonicwall.com, both of SonicWALL, Inc.
Web Site: http://www.sonicwall.com/
Six Maryland Students Awarded Verizon Foundation ScholarshipsSince 2001, Children of Verizon Employees Have Benefited From More Than $36 Million in Scholarships
BALTIMORE, June 9 /PRNewswire/ -- Paying for college just got easier for six Maryland students who are children and dependents of Verizon employees. The students, who are among 809 Verizon scholars, will each receive a scholarship of $5,000 per academic year.
Verizon's scholarship program selects recipients based on financial need, academic achievement and extracurricular activities. The scholarships are for high school seniors who plan to attend an accredited four-year institution. Each scholarship is renewable for three years and has a total value of $20,000.
This year's Maryland recipients are:
-- Joanna H. Chen of Silver Spring, daughter of Verizon employee Helen
Chen. She plans to attend Carnegie Mellon University and major in
business and pre-medicine.
-- Chandra I. Christian of Fort Washington, daughter of employee Kenneth
Stanback. She plans to attend High Point University and major in
interior design.
-- Kiauhna A. Haynes of Baltimore, daughter of employee Stephanie Haynes.
She plans to attend Penn State University Park and major in
psychology.
-- Ashley N. Powers of Greenbelt, daughter of employee Zack Powers Jr.
She plans to attend Massachusetts Institute of Technology and major in
biomedical engineering.
-- Emmanuelle P. Willis of District Heights, daughter of employee Janin
Willis. She plans to attend Morgan State University and major in
hospitality management.
-- Kyle A. Yount of Edgewater, son of employee Ann Yount. He plans to
attend Clemson University and major in civil engineering.
Since 2001, 2,152 students from across the country have benefited from the scholarship program, which has invested almost $36 million toward the college education of children and dependents of Verizon employees. For the 2009-2010 academic year, the Verizon Foundation will provide a total of more than $4 million for the scholarships.
"Our commitment to developing a skilled work force for the 21st century begins at home, with the children of our employees," said William R. Roberts, Verizon regional president for Maryland and Washington, D.C. "Verizon proudly supports these students because we realize that we're investing in the education of our future leaders, an investment that will yield great results for our communities."
The Verizon Foundation awards the scholarships in partnership with Scholarship America, the nation's largest nonprofit, private sector scholarship and educational support organization, which was founded in 1958.
A list of 2009 Verizon scholars is available on the Verizon Foundation Web site at http://www.verizonfoundation.org/about/press/scholstudents09.shtml.
The Verizon Foundation, the philanthropic arm of Verizon Communications, supports the advancement of literacy and K-12 education through its free educational Web site, Thinkfinity.org, and fosters awareness and prevention of domestic violence. In 2008, the Verizon Foundation awarded more than $68 million in grants to nonprofit agencies in the U.S. and abroad. It also matched the charitable donations of Verizon employees and retirees, resulting in an additional $26 million in combined contributions to nonprofits. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered more than 3 million hours of community service since 2000. For more information on the foundation, visit http://www.verizonfoundation.org/.
Verizon Communications Inc. , headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 86 million customers nationwide. Verizon's Wireline operations provide converged communications, information and entertainment services over the nation's most advanced fiber-optic network. Wireline also includes Verizon Business, which delivers innovative and seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of more than 237,000 and last year generated consolidated operating revenues of more than $97 billion. For more information, visit http://www.verizon.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon
CONTACT: Sandra Arnette, +1-410-393-7109, sandra.u.arnette@verizon.com
Web Site: http://www.verizon.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
2009 FileMaker Developer Conference 'Early-Bird' Pricing Ends SoonRegister by June 26 and save $200
SANTA CLARA, Calif., June 9 /PRNewswire-FirstCall/ -- Attendees registering for the annual FileMaker Developer Conference will save $200 with "early-bird" pricing but only until June 26, 2009, FileMaker announced today. After June 26, the full conference fee of $1,495 will apply.
This year's conference, to take place August 13-16 at the Hilton San Francisco, will feature more than 60 sessions and workshops, led by recognized FileMaker experts. The sessions will focus on FileMaker database development best practices and new techniques, including panels on Web services and PHP development. Conference sessions will also include a "deep dive" workshop into Script Triggers, an exciting new feature in FileMaker Pro 10 that gives developers new options for automating tasks and boosting productivity.
Special conference events will include a multi-vendor exhibition, a jam session on the 52nd floor of the Hilton San Francisco that will blend the musical talents of FileMaker developers with stunning views of the "City by the Bay," and a cruise through the San Francisco Bay complete with dinner and drinks, casino-type games, smooth jazz and live dance music.
Paid conference attendees will receive FileMaker Pro 10 Advanced (not for resale) for free (a $499 value) along with a computer bag, lightweight jacket, and a CD with presentations, technical papers and example files.
"The FileMaker Developer Conference is an excellent way to advance your FileMaker career and product knowledge and, just as importantly, it offers countless valuable networking opportunities," said Jon Sigler, vice president, product management and developer relations, FileMaker, Inc.
About FileMaker, Inc.
FileMaker, Inc. develops award-winning database software. Its products include the legendary FileMaker Pro product line for Windows, Mac and the Web, and the new Bento personal database for Mac. FileMaker Pro won 52 awards, more than its next eight competitors combined, from 2003-2009 in the U.S., and a total of 134 awards worldwide during this time. Millions of customers, from individuals to large organizations, rely on FileMaker, Inc. software to manage, analyze and share information. FileMaker, Inc. is a subsidiary of Apple Inc.
(C)2009 FileMaker, Inc. All rights reserved. FileMaker and Bento are trademarks of FileMaker, Inc., registered in the U.S. and other countries. All other trademarks are the property of their respective owners.
FileMaker, Inc.
CONTACT: Kevin Mallon of FileMaker, Inc., +1-408-987-7227, kevin_mallon@filemaker.com
Web Site: http://www.filemaker.com/
Los Angeles County Sheriff's Department Launches New Internet Safety Program for Parents and ChildrenVerizon Grant Funds Program to Be Offered at Sheriff's 14 Youth Activity League Centers
LOS ANGELES, June 9 /PRNewswire/ -- Los Angeles County Sheriff Department detectives from the Special Victims Unit have launched an Internet safety program for children and parents, thanks to a partnership with Verizon.
Approximately 80 parents attended a ceremony on Saturday (June 6) at the Sheriff's Compton Youth Activity League to launch the program. At the event, the Sheriff's Department hosted the first Awareness is Power Internet Safety course, and Verizon presented a check for $41,000 to support the program.
"It is an honor to partner with Verizon to establish this Internet safety program," Sheriff Lee Baca said. "This program will give children and their parents the tools they need to have a safe and secure Internet experience while exploring the limitless possibilities of the digital world."
The Awareness is Power Internet Safety program will be available at the Sheriff Department's 14 Youth Activity League centers throughout the county and will serve approximately 4,500 children and adults. Two courses, one geared for children and the other for adults and parents, have been developed. Curriculum topics will include social networking sites, chat rooms, parental controls, e-mail, text messaging, legal downloading and financial Internet safety.
In addition, to help manage their children's Internet experiences, Verizon is making it easier for parents to find and access the online parental controls and resources for customers of the company's online, FiOS TV and wireless services. The enhanced Web site, http://www.verizon.net/parentalcontrol, gives parents using Verizon Wireless, Verizon FiOS TV and any of Verizon's high-speed Internet services the ability to make decisions about their families' wireless, TV and online use.
John Johnson, vice president for Verizon Wireless, said: "Advanced broadband technology powers today's online world for business and family entertainment. The challenge for parents is managing that experience for their children so it's a positive one. Our online tools, tips and software help make this happen. Verizon's grant is another step in the right direction as we partner with the Sheriff's Department to educate parents and children alike."
The Verizon Foundation, the philanthropic arm of Verizon Communications, supports the advancement of literacy and K-12 education through its free educational Web site, Thinkfinity.org, and fosters awareness and prevention of domestic violence. In 2008, the Verizon Foundation awarded more than $68 million in grants to nonprofit agencies in the U.S. and abroad. It also matched the charitable donations of Verizon employees and retirees, resulting in an additional $26 million in combined contributions to nonprofits. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered more than 3 million hours of community service since 2000. For more information on the foundation, visit http://www.verizonfoundation.org/.
About the Sheriff Youth Foundation
The Sheriff's Youth Foundation was created in 1985, based upon the belief that crime prevention programs focused on youth are the key to developing safer communities. The Foundation's objective is to increase community safety by fostering self-esteem and a sense of purpose, assisting youth to find value in themselves, to feel a sense of direction, and define who they are. The foundation supports two countywide programs; Success Through Awareness & Resistance (STAR) Program and the Youth Activity Leagues (Y.A.L.).
About Verizon
Verizon Communications Inc. , headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 86 million customers nationwide. Verizon's Wireline operations provide converged communications, information and entertainment services over the nation's most advanced fiber-optic network. Wireline also includes Verizon Business, which delivers innovative and seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of more than 237,000 and last year generated consolidated operating revenues of more than $97 billion. For more information, visit http://www.verizon.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon
CONTACT: Jesus Torres, +1-805-372-6813, jesus.torres1@verizon.com
Web Site: http://www.verizon.com/ http://www.verizonfoundation.org/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Babylon Ltd., la compagnie internationale de logiciels de traduction, s'associe à Tiscali S.p.A pour fournir des services de traduction en ligne
MILAN, June 9 /PRNewswire/ -- Babylon LTD., le principal fournisseur mondial de dictionnaires et de
solutions de traduction en ligne http://www.babylon.com, a annoncé la
signature d'un contrat avec Tiscali S.p.A http://www.tiscali.it, le troisième
plus gros FAI en Italie en parts de marché, pour fournir à ses utilisateurs
un certain nombre d'outils de traduction en ligne gratuits.
Tiscali est l'un des portails de consommateurs les plus populaires en
Italie et ses visiteurs pourront maintenant traduire les contenus de
n'importe quelle langue à une autre grâce au service Tiscali Traduttore
http://traduttore.tiscali.it, généré par Babylon. En utilisant l'interface de
programmation de traduction de Babylon, Tiscali offre à ses utilisateurs
divers outils de traduction sur son site web. Le Tiscali Traduttore est une
destination dédiée à la traduction de et en italien, anglais, espagnol,
portugais, allemand et beaucoup d'autres langues. Le service de traduction
Babylon est également caractérisé comme étant une verticale dédiée sur le
principal service de recherche Tiscali http://search.tiscali.it. Le
Traduttore Widget est une petite boîte de traduction qui est disponible pour
les traductions de mots simples sur tout le site web de Tiscali.
<< Avec le nombre de plus en plus important de contenus en plusieurs
langues sur Internet, nous enregistrons une demande de plus en plus forte
pour les services de traduction en ligne, explique Tal Shaked, Directeur du
développement commercial chez Babylon. L'expansion et les partenariats
internationaux sont la clé du succès de Babylon. Ce contrat avec Tiscali
constitue une autre avancée importante pour nous à la suite des contrats
similaires passés avec AOL et avec les autres portails leaders du monde
entier. Nous pensons que les utilisateurs de Tiscali bénéficient d'un très
bon service à valeur ajoutée tandis que Babylon profitera d'une source de
distribution efficace, ajout Tal Shaked. >>
Les API de traduction de Babylon permettent aux développeurs et aux
opérateurs de sites web du monde entier d'améliorer leurs portails et leurs
applications en accédant à la richesse du contenu de Babylon qui comprend
plus de 1500 dictionnaires, encyclopédies et lexiques spécialisés.
À propos de Babylon Ltd.
Babylon.com (TASE : BBYL) est le premier fournisseur de dictionnaires et
de solutions de traduction .en ligne et hors connexion.. La base des
utilisateurs de Babylon.com dépasse les 55 millions d'installations
d'ordinateurs de bureau. Babylon a vendu plus de 2,5 millions de licences de
logiciels aux utilisateurs privés et organisations dans plus de 200 pays.
Pour plus de renseignements sur Babylon, visitez http://www.babylon.com
ou l'un des sites en ligne gratuits - http://translation.babylon.com
,http://dictionary.babylon.com
Contact avec la presse:
Dalia Preisler
Babylon Ltd.
E-mail: press@babylon.com
Babylon
Contact avec la presse : Dalia Preisler, Babylon Ltd., +972-3-5382102, E-mail : press@babylon.com
Valeo: 2009 Combined Annual General Shareholders' Meeting
PARIS, June 9 /PRNewswire/ -- Valeo's Combined Annual General Shareholders' Meeting (AGM)
was held today under the chairmanship of Pascal Colombani, Chairman of Valeo.
The AGM approved the 2008 accounts which were published on February 13, 2009.
The presentation of the Group's results for 2008 and the first
quarter 2009 provided an opportunity for Jacques Aschenbroich, the new CEO of
Valeo, to review the situation of the Group against the backdrop of the
global automotive crisis. The company is fully mobilized to implement its
operational efficiency action plans and confirms that it is on schedule with
the deployment of its headcount adjustment program.
Moreover, the preventive actions taken with regard to General
Motors and Chrysler should neutralize the impact on Valeo of these
automakers' bankruptcy filings. The Group also confirmed that its financial
liquidity situation is sound. The 1.2 billion euros' worth of bilateral
credit lines had not been drawn upon as of June 9, 2009 and 866 million euros
of these lines have already been renegotiated, in line with the Group's
wishes, with a new covenant based on the net financial debt to EBITDA[1]
ratio.
Nearly three months after assuming the position of CEO at
Valeo, Jacques Aschenbroich shared with shareholders his vision regarding the
challenges that the Group must face:
- a technological challenge, to develop cleaner and more
energy-efficient products that respond to the constraints of global
warming;
- a geographical challenge, as automotive industry growth is
expected to be centered in emerging markets;
- a "societal" challenge, in which the automobile's place in
urban societies of the 21st century will have to be defined;
- a sector-based challenge, the current crisis having
triggered a consolidation trend in which Valeo intends to be one of the
leading players.
"Valeo's strategy will enable the Group to take up these
challenges by building on such strengths as its industrial excellence, its
innovation and its presence in high growth potential countries. With a more
efficient organization and a clear strategic vision, Valeo will be able to
return to organic growth and improved profitability," declared Jacques
Aschenbroich.
Resolutions
All of the resolutions recommended by the Board were adopted.
Detail results of the voting on each resolution are available on the Group's
website.
Valeo is an independent industrial Group fully focused on the
design, production and sale of components, integrated systems and modules for
cars and trucks. Valeo ranks among the world's top automotive suppliers. The
Group has 122 plants, 61 R&D centers, 10 distribution platforms and employs
around 49,000 people in 27 countries worldwide.
For more information about the Group and its activities,
please visit our web site http://www.valeo.com.
[1] Less other income and expenses
Valeo Management Services
For additional information, please contact: Kate Philipps, Group Communications Director, Tel. : +33-1-40-55-20-65. Thierry Lacorre, Group Investor Relations Director, Tel.: +33-1-40-55-37-93
NI Technology Research Updates Outlooks for Texas Instruments, National Semiconductor, Palm, Cypress Semiconductor, and SanDisk
PRINCETON, N.J., June 9 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com/), an online investment newsletter focused on semiconductor and technology stocks, announced it has updated outlooks for Texas Instruments , National Semiconductor , Palm , Cypress Semiconductor , and SanDisk .
The big names in semiconductor forecasting have stated during the last week they expect semiconductor revenue to fall between 21% and 24% in 2009. In the same June 1st report in which McWilliams advised Next Inning readers to expect a "notable" upside from Texas Instruments in its Q2 update, he also provided his 2009 forecast and the drivers he sees behind it. Why, with so many "experts" predicting a decline in excess of 20%, is McWilliams forecasting only a 15% decline?
While we won't know until later this year whose forecast is right, we know today that McWilliams has been red hot when it comes to picking the right stocks to buy and sell. Year to date, the Next Inning portfolio is up over 42% compared to the S&P 500, which is up 4%
To read McWilliams updated strategy review and his upcoming State of Tech series that is designed to prepare investors for the July earnings season, please accept our invitation to take a free 21-day no risk test drive with Next Inning by visiting the following link:
https://www.nextinning.com/subscribe/index.php?refer=prn828
McWilliams covers these topics and more in his most recent report:
-- McWilliams alerted Next Inning readers on June 1st to expect a "notable" upside from Texas Instruments driven by analog ICs. Now that TI has raised guidance to a midpoint implying a 15% sequential revenue increase based on much stronger-than-expected analog sales, what does McWilliams think investors should do next?
-- National Semiconductor has moved up strongly in anticipation of stronger-than-expected sales into the smartphone sector and is being given a boost today by Texas Instrument's raised guidance. While McWilliams advised readers earlier this quarter to expect this upside, now that it has materialized, does he think it is a sustainable trend for National or an opportunity for investors to take some profits?
-- Many investors are confused by the fact that Palm has been trading flat since the release of the highly acclaimed Pre. Some reports blame the uninspired trading on potential shortages of the handset. However, McWilliams thinks it's attributable to other factors. What are these factors and what does McWilliams think investors should do at this juncture?
-- In early January, McWilliams predicted that Cypress would win the coveted multi-touch processor design in the Palm Pre. Now that the phone is out, has this win been confirmed? Who did Cypress beat out for the design and what other surprises were revealed in the recent Pre tear-down reports?
-- What signs does McWilliams see that he thinks will bode well for SanDisk later this year?
Founded in September 2002, Next Inning's model portfolio has returned 189% since its inception versus 4% for the S&P 500.
About Next Inning:
Next Inning is a subscription-based investment newsletter that provides regular coverage on more than 150 technology and semiconductor stocks. Subscribers receive intra-day analysis, commentary and recommendations, as well as access to monthly semiconductor sales analysis, regular Special Reports, and the Next Inning model portfolio. Editor Paul McWilliams is a 30+ year semiconductor industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcia Martin, Next Inning Technology Research, +1-888-278-5515
Indie Research Advisors, LLC
CONTACT: Marcia Martin of Next Inning Technology Research, +1-888-278-5515
Web Site: http://www.nextinning.com/
Kansas City Star Builds for the Future With tw telecom Ethernet Solutions-Newspaper strengthens redundancy and security capabilities-Newspaper's 25 websites and blogs ride on firm's new Ethernet-based network
KANSAS CITY, Mo., June 9 /PRNewswire-FirstCall/ -- tw telecom, , a leading provider of managed voice, Internet and data networking solutions for businesses, today announced the successful installation of a 10-site Ethernet-based data, Internet and voice network for The Kansas City Star in Kansas City, Missouri. The Star, with a circulation of nearly 300,000, prints a daily newspaper as well as publishes several local area papers and operates more than 25 websites and blogs in the Kansas City metropolitan area.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080626/LATH527LOGO)
"We'd outgrown our old network and needed a provider with the ability to support us in creating a robust 10-location wide area network (WAN) to sustain The Star's continually increasing network needs," said John McPhail, Systems Manager for The Kansas City Star. "Important to us was that tw telecom was able to provide The Star with a cleaner, self-healing solution that gives us a better network with improved bandwidth at every site, and a layer of redundancy we didn't have before. The Star's headquarters, production facilities and seven distribution centers throughout the metro area are now connected over a much more secure and cleaner network than we had before."
"Critical to our decision to select tw telecom was its network fiber footprint," said McPhail. "When we reviewed all the proposals, many of which were priced similarly, none could match tw telecom's network capabilities or technical sophistication. The Star is now directly connected to a fully protected network, and we immediately reduced our costs by more than 10 percent. We gained more than just an improvement in cost, we were able to upgrade nine of our sites from a consumer-type DSL connection to a production quality T1. In addition, this transition to tw telecom had the added benefit of reducing to one the number of providers we now have to manage."
"The project team at tw telecom was fantastic throughout the whole process," added McPhail. "During the installation they kept us on track and informed. We were glad they were very experienced in the deployment of this technology, it made our transition that much smoother."
tw telecom deployed this multi-solution, 10-location Ethernet-based network enabling The Star to greatly improve connectivity across the entire company. The new network provides 40 Mbps of Ethernet Internet connectivity and voice services to all The Star's locations as well as 20 Mbps of metro Ethernet supporting the newspaper's transport of large amounts of data. The company's Internet bandwidth needs have increased exponentially as user traffic to news and sports Internet sites and blogspots has grown daily.
"The Kansas City Star is yet another of the businesses in Kansas City that have benefited from our network capabilities," said Brent Robinson, vice president and general manager for tw telecom in Kansas City. "Again and again, tw telecom's capabilities and solutions improve the way businesses manage and operate their networks. We recognize the critical nature of our customers' data and our self healing network adds that extra level of security they are seeking. Additionally, our network in Kansas City spans more than 85 miles and provides from 2 Mbps to 10 Gbps of connectivity providing customers with the solutions and reach they need to run their businesses.
About tw telecom
tw telecom holdings inc., a unit of tw telecom inc., headquartered in Littleton, Colo., provides managed network services, specializing in Ethernet and transport data networking, Internet access, local and long distance voice, VoIP, VPN and security, to enterprise organizations and communications services companies throughout the U.S. As a leading provider of integrated and converged network solutions, tw telecom delivers customers overall economic value, quality, service, and improved business productivity. Please visit http://www.twtelecom.com/ for more information.
Photo: http://www.newscom.com/cgi-bin/prnh/20080626/LATH527LOGO http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
tw telecom
CONTACT: Patrick Mulcahy of tw telecom, +1-303-566-1470, patrick.mulcahy@twtelecom.com
Web Site: http://www.twtelecom.com/
VIDEO from Medialink and General Motors: Largest Automotive Battery Lab in the US Opens
NEW YORK, June 9 /PRNewswire/ -- American drivers may be one step closer to getting behind the wheel of an electric car. In an effort to expand battery research and expedite the introduction of electrically driven vehicles, General Motors announced the opening of The Global Battery Systems Lab.
See video from General Motors at: http://inr.mediaseed.tv/oneClip_C/?feed=dr6RC6r_oMD7ZbZOWvEVtgr6k_LAylWc
The state-of-the-art facility is the size of seven basketball courts and is the largest in the United States. Capable of testing all current battery systems, the lab will speed the development of hybrid, plug-in and extended-range electric vehicles, including the Chevrolet Volt. In fact, more than half of the lab is dedicated to testing the electrochemical battery cells and their enclosures.
A team of more than 1,000 engineers will work on energy alternatives and advanced technologies that reduce dependence on petroleum, improve fuel economy and reduce emissions; putting cleaner, more efficient cars on the road more quickly and affordably.
Registered journalists can access video, audio, text, graphics and photos for free and unrestricted use at http://www.mediaseed.tv/.
06NY09-0068
Medialink; General Motors
CONTACT: Medialink, New York, +1-888-560-5578, mediadesk@medialink.com
Stay On Top of Your Child's Phone Use This Summer With Usage Controls From Verizon Wireless
BASKING RIDGE, N.J., June 9 /PRNewswire/ -- With kids trading in their books and backpacks for summer camp and beach towels, it's the right time to explore Usage Controls, a comprehensive set of tools from Verizon Wireless that helps parents better manage their children's wireless experience.
Usage Controls give parents the ability to comfortably and confidently provide wireless service for their children by managing how many text messages they are sending and what content they are viewing or understanding if they are accruing additional costs. Whether changing the voice or text allowances or time of day restrictions to better fit a summer schedule or checking out the content filters available for video, music and games, Usage Controls help parents control their wireless service and how others on Nationwide Single Line plans and Family SharePlans(R) use their phones.
Parents can stay on top of voice and data usage levels, helping avoid unexpected charges or overages. Since Usage Controls launched, the most popular transactions include editing time restrictions and adding blocked numbers to a line.
Parents and account owners can easily access Usage Controls through the My Verizon Web site (http://www.verizonwireless.com/myverizon), then change or update the settings under the Usage Controls tab. With the service, parents can:
-- Set allowances for voice minutes and receive free text messages when a
user is nearing and when they have reached the allowance
-- Set specific limits for text, picture, instant and video messaging as
part of pay-as-you-go or message bundle plans -- and receive free text
messages alerting them when they are close to the threshold and when
they have reached it
-- Set time of day restrictions for data use and messaging
-- Create lists of "trusted" and "blocked" numbers (calls to 911 are
always allowed to connect)
-- Employ content filters for music, games and other material
Usage Controls are available for a $4.99 monthly subscription for each line. Customers can find more information at http://www.verizonwireless.com/usagecontrols or by calling 1-800-2 JOIN IN.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving more than 86.6 million customers. Headquartered in Basking Ridge, N.J., with more than 86,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, visit http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Debra Lewis, Verizon Wireless, +1-908-559-7512, Debra.Lewis@verizonwireless.com
Web Site: http://www.verizonwireless.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Valeo: 2009 Combined Annual General Shareholders' Meeting
PARIS, June 9 /PRNewswire-FirstCall/ -- Valeo's Combined Annual General Shareholders' Meeting (AGM) was held today under the chairmanship of Pascal Colombani, Chairman of Valeo. The AGM approved the 2008 accounts which were published on February 13, 2009.
The presentation of the Group's results for 2008 and the first quarter 2009 provided an opportunity for Jacques Aschenbroich, the new CEO of Valeo, to review the situation of the Group against the backdrop of the global automotive crisis. The company is fully mobilized to implement its operational efficiency action plans and confirms that it is on schedule with the deployment of its headcount adjustment program.
Moreover, the preventive actions taken with regard to General Motors and Chrysler should neutralize the impact on Valeo of these automakers' bankruptcy filings. The Group also confirmed that its financial liquidity situation is sound. The 1.2 billion euros' worth of bilateral credit lines had not been drawn upon as of June 9, 2009 and 866 million euros of these lines have already been renegotiated, in line with the Group's wishes, with a new covenant based on the net financial debt to EBITDA[1] ratio.
Nearly three months after assuming the position of CEO at Valeo, Jacques Aschenbroich shared with shareholders his vision regarding the challenges that the Group must face:
- a technological challenge, to develop cleaner and more
energy-efficient products that respond to the constraints of global
warming;
- a geographical challenge, as automotive industry growth is
expected to be centered in emerging markets;
- a "societal" challenge, in which the automobile's place in
urban societies of the 21st century will have to be defined;
- a sector-based challenge, the current crisis having
triggered a consolidation trend in which Valeo intends to be one of the
leading players.
"Valeo's strategy will enable the Group to take up these challenges by building on such strengths as its industrial excellence, its innovation and its presence in high growth potential countries. With a more efficient organization and a clear strategic vision, Valeo will be able to return to organic growth and improved profitability," declared Jacques Aschenbroich.
Resolutions
All of the resolutions recommended by the Board were adopted. Detail results of the voting on each resolution are available on the Group's website.
Valeo is an independent industrial Group fully focused on the design, production and sale of components, integrated systems and modules for cars and trucks. Valeo ranks among the world's top automotive suppliers. The Group has 122 plants, 61 R&D centers, 10 distribution platforms and employs around 49,000 people in 27 countries worldwide.
For more information about the Group and its activities, please visit our web site http://www.valeo.com/.
[1] Less other income and expenses
Valeo Management Services
CONTACT: For additional information, please contact: Kate Philipps, Group Communications Director, Tel. : +33-1-40-55-20-65. Thierry Lacorre, Group Investor Relations Director, Tel.: +33-1-40-55-37-93
Valeo : Assemblée Générale Mixte des Actionnaires 2009
PARIS, June 9 /PRNewswire/ -- L'Assemblée Générale des actionnaires de Valeo s'est tenue
aujourd'hui sous la présidence de Pascal Colombani, Président du Conseil
d'Administration de Valeo. Elle a approuvé les comptes de l'exercice 2008
publiés le 13 février 2009.
La présentation des résultats du Groupe pour l'année 2008 et
le 1er trimestre 2009 a été l'occasion pour Jacques Aschenbroich, le nouveau
Directeur Général de Valeo, de faire un point sur la situation du Groupe dans
le contexte de la crise mondiale de l'automobile. L'entreprise est totalement
mobilisée pour la mise en oeuvre de ses plans d'action d'efficacité
opérationnelle et confirme respecter le plan de marche de son programme
d'ajustement d'effectifs.
Par ailleurs, les actions préventives conduites vis-à-vis de
General Motors et de Chrysler devraient permettre de neutraliser l'impact
pour Valeo du dépôt de bilan de ces constructeurs. Enfin, Valeo a confirmé
que sa situation de liquidité financière reste intacte. Les lignes
bilatérales bancaires confirmées de 1,2 milliard d'euros n'ont fait l'objet
d'aucun tirage au 9 juin 2009 et 866 millions d'euros de ces lignes ont
d'ores et déjà été renégociés en conformité avec le souhait du Groupe, et
avec un nouveau << covenant >> de ratio d'endettement financier net sur
EBITDA(1).
Près de trois mois après son arrivée à la direction générale
de Valeo, Jacques Aschenbroich a partagé avec les actionnaires de Valeo sa
vision sur les défis que le Groupe doit relever:
- un défi technologique, pour développer des produits plus propres et
plus économes en énergie, qui permettent de répondre aux impératifs du
réchauffement climatique;
- un défi géographique, la croissance de l'industrie automobile devant se
concentrer dans les pays émergents;
- un défi "sociétal", qui devra définir la place de l'automobile dans les
sociétés urbaines du XXIème siècle ;
- un défi sectoriel, la crise actuelle ayant déclenché un mouvement de
recomposition dont Valeo a vocation à être un des acteurs centraux.
<< La stratégie de Valeo devra permettre au Groupe de relever
ces défis en s'appuyant sur les atouts dont il dispose, tels que son
excellence industrielle, ses innovations et ses implantations dans les pays à
fort potentiel. Fort d'une organisation plus efficace et d'une vision
stratégique claire, Valeo pourra renouer avec la croissance organique et une
rentabilité améliorée >> a déclaré Jacques Aschenbroich.
Résolutions
Toutes les résolutions recommandées par le Conseil ont été adoptées. Le
détail des votes par résolution est disponible sur le site Internet du
Groupe.
Valeo est un Groupe industriel indépendant entièrement focalisé sur la
conception, la fabrication et la vente de composants, systèmes intégrés et
modules pour les automobiles et poids lourds. Valeo se classe parmi les
premiers équipementiers mondiaux. Le Groupe emploie quelque 49 000
collaborateurs dans 27 pays avec 122 sites de production, 61 centres de
Recherche et Développement et 10 plates-formes de distribution.
Internet: http://www.valeo.com
(1) Avant autres produits et charges
Valeo Management Services
Pour toute information complémentaire, veuillez contacter: Kate Philipps, Directeur de la Communication du Groupe, Tél: +33-1-40-55-20-65; Thierry Lacorre, Directeur des Relations financières du Groupe, Tél: +33-1-40-55-37-93; Pour en savoir plus sur le Groupe et ses activités, consultez notre site
Berkeley, New Jersey, Residents to Benefit from Verizon Wireless Network ExpansionInvesting to Stay Ahead of Growing Demand for Wireless Calling, Data Access, and Music
BERKELEY, N.J., June 9 /PRNewswire/ -- In a continuing effort to provide the best wireless service for residents in Berkeley, Verizon Wireless has expanded its network with a new cell site. The new site increases coverage and capacity along Mule Road and Davenport Road.
The network expansion is part of an aggressive multi-billion dollar network investment each year (more than $1 billion every 90 days) to stay ahead of the growing demand for Verizon Wireless' voice and data services. Verizon Wireless has spent more than $80 million in the first quarter alone to expand and enhance its wireless network across central, northeastern and southeastern Pennsylvania, southern New Jersey and Delaware, bringing the network investment in the region to more than $1.3 billion since 2001. Nationally, the company has invested more than $50 billion since it was formed -- $5.5 billion on average every year -- to increase the coverage and capacity of its premier nationwide network and to add new services, including wireless data services such as picture messaging and text messaging and the company's exclusive V CAST service. V CAST brings video clips of TV shows, music on demand and other multimedia services to wireless phones over Verizon Wireless' high-speed EV-DO network. Verizon Wireless' high-speed third generation wireless broadband network has been enhanced with EV-DO Rev. A technology. This enhancement allows customers who use the company's flagship business data service, Mobile Broadband, to interact with Web-based applications, download music over-the-air, access to e-mail, everyday corporate data, the Internet, and more at speeds that are eight to nine times faster than before. For example, Mobile Broadband customers with Rev. A compatible devices can now expect average download speeds of 600 kilobits per second (kbps) to 1.4 megabits per second and average upload speeds of 500-800 kbps, which means customers can download a 1 megabyte e-mail attachment -- the equivalent of a small PowerPoint(R) presentation or a large PDF file -- in about eight seconds and upload the same sized file in less than 13 seconds.
Strong demand for Verizon Wireless services continued during the first quarter of 2009 as the company added 1.3 million net new customers. For the 18th consecutive quarter, Verizon Wireless also led the wireless industry with an all-time high in customer loyalty. The company posted a churn (customer turnover) rate of just 1.47 percent, well below the rate reported by the other major wireless carriers.
Verizon Wireless tests its network and those of its competitors to ensure the Verizon Wireless network remains the Nation's most reliable. Nationally, Verizon Wireless' real-life test men and women drive 90 specially equipped vehicles almost 1 million miles annually on interstate, U.S. and state highways as well as major roads and surface streets in high-population areas, based upon U.S. Census counts, to determine if voice calls and data connections are successful on the first attempt and stay connected. Vehicles are equipped with computers that automatically make more than three million voice call attempts and more than 16 million data tests annually on Verizon Wireless' network and the networks of other carriers.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving more than 86.6 million customers. Headquartered in Basking Ridge, N.J., with more than 86,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone (NYSE and LSE: VOD). For more information, visit http://www.verizonwireless.com/. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
Verizon Wireless
CONTACT: Pam Boyd or Carla Reinas, +1-856-642-6226; Sheldon Jones of Verizon Wireless, +1-215-638-5668, Sheldon.Jones@verizonwireless.com
Web Site: http://www.verizonwireless.com/
Comcast Creates Digital Broadcast Transition Rapid Response TeamCompany Offers Same-Day Installs To Consumers Preparing For June 12 Digital Switch
SOUTHFIELD, Mich., June 9 /PRNewswire/ -- With just days left until the federal government's June 12 deadline for broadcast TV stations to transition their signals to digital, Comcast today announced the creation of a "rapid response team" to perform same-day installations for Michigan consumers who still need a digital TV solution.
Starting today through Monday, June 14, consumers who call Comcast weekdays by 12:00 p.m. can get their cable TV service installed by the newly created rapid response team the same day. For calls that come in after 12:00 p.m., installation will be scheduled for the next day. In addition, Comcast will offer free professional installation for new residential customers through June 21.
"We know that there are some consumers who have not yet found the right solution to continue watching their favorite broadcast TV channels after June 12," said Tom Coughlin, Senior Vice President of Comcast's Michigan Region. "We want them to know that Comcast is one of their options, and that our rapid response team is standing by ready to make their transition as smooth, easy and affordable as possible."
Comcast created the rapid response team to support consumers who may still need to take last-minute action to prepare for the digital broadcast transition on June 12. Television sets connected to Comcast or to other cable or satellite providers will not be affected by the digital transition. Newer TVs that rely on antennas but are already equipped with digital tuners also will not be affected.
After the June 12 deadline, consumers with older analog television sets that still rely on antennas to receive signals from full-power broadcast TV stations will no longer be able to watch those stations. Potential options for these consumers include purchasing a new TV equipped with a digital tuner, obtaining a digital converter that will enable older analog TVs to receive digital broadcast signals or subscribing to Comcast cable or another cable or satellite TV service.
Last fall, Comcast announced special service pricing and packages for consumers looking for a digital broadcast transition solution:
-- Free Basic Cable service for a year if a consumer also signs up for
Comcast Digital Voice or Comcast High-Speed Internet service;
-- Basic Cable service for a year at the price of $10 per month as a
standalone solution; and
-- Current Comcast customers also can add Basic Cable to additional TVs
at no additional monthly service fee.
Basic Cable offers about 20 channels, including broadcast (ABC, CBS, NBC, FOX, Univision, PBS), shopping and local public television channels. Comcast Basic Cable does not require the purchase of any new equipment for cable-ready TVs, so consumers can continue to use their existing TVs and remote controls. Since no antenna is needed, choosing cable also eliminates the worry about potential reception problems associated with using an antenna following the transition.
For more information on the digital broadcast transition, go to http://www.dtv2009.gov/. For more information on Comcast service and comparisons of Comcast's solutions to other digital-transition solutions, go to http://www.comcast.com/dtv.
About Comcast Corporation
Comcast Corporation (http://www.comcast.com/) is the nation's leading provider of entertainment, information and communication products and services. With 24.1 million cable customers, 15.3 million high-speed Internet customers and 6.8 million Comcast Digital Voice customers, Comcast is principally involved in the development, management and operation of cable systems and in the delivery of programming content.
Comcast's content networks and investments include E! Entertainment Television, Style Network, Golf Channel, VERSUS, G4, PBS KIDS Sprout, TV One, ten sports networks operated by Comcast Sports Group and Comcast Interactive Media, which develops and operates Comcast's Internet businesses, including Comcast.net (http://www.comcast.net/). Comcast also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia.
Comcast's Michigan Region serves more than 1.2 million customers in the state and employs more than 4,200 people. Comcast has three major call centers located in the state and houses its Michigan Region headquarters in Southfield.
Comcast Cable
CONTACT: Mary Beth Halprin, +1-248-233-4743, Marybeth_Halprin@cable.comcast.com, or Patrick Paterno, +1-248-233-4608, Patrick_Paterno@cable.comcast.com
Web Site: http://www.comcast.com/
Sissonville, W. Va., High School Senior Awarded Verizon Foundation ScholarshipSince 2001, Children of Verizon Employees Have Benefited From More Than $36 Million in Scholarships
CHARLESTON, W.Va., June 9 /PRNewswire/ -- Paying for college just got easier for Christina R. Good of Sissonville, who has earned a college scholarship from the Verizon Foundation, the philanthropic arm of Verizon Communications.
Good, the daughter of Verizon employee Douglas W. Good, plans to attend the University of Charleston and major in pharmacy. She is one of 809 Verizon scholars who will receive scholarships of $5,000 per academic year.
Verizon's scholarship program selects recipients based on financial need, academic achievement and extracurricular activities. The scholarships are for high school seniors who plan to attend an accredited four-year institution. Each scholarship is renewable for three years and has a total value of $20,000.
Since 2001, 2,152 students from across the country have benefited from the scholarship program, which has invested almost $36 million toward the college education of children and dependents of Verizon employees. For the 2009-2010 academic year, the Verizon Foundation will provide a total of more than $4 million for the scholarships.
"Our commitment to developing a skilled work force for the 21st century begins at home, with the children of our employees," said B. Keith Fulton, president of Verizon West Virginia. "Verizon proudly supports these students because we realize that we're investing in the education of our future leaders, an investment that will yield great results for our communities."
The Verizon Foundation awards the scholarships in partnership with Scholarship America, the nation's largest nonprofit, private sector scholarship and educational support organization, which was founded in 1958.
A list of 2009 Verizon scholars is available on the Verizon Foundation Web site at http://www.verizonfoundation.org/about/press/scholstudents09.shtml.
The Verizon Foundation supports the advancement of literacy and K-12 education through its free educational Web site, Thinkfinity.org, and fosters awareness and prevention of domestic violence. In 2008, the Verizon Foundation awarded more than $68 million in grants to nonprofit agencies in the U.S. and abroad. It also matched the charitable donations of Verizon employees and retirees, resulting in an additional $26 million in combined contributions to nonprofits. Through Verizon Volunteers, one of the nation's largest employee volunteer programs, Verizon employees and retirees have volunteered more than 3 million hours of community service since 2000. For more information on the foundation, visit http://www.verizonfoundation.org/.
Verizon Communications Inc. , headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 86 million customers nationwide. Verizon's Wireline operations provide converged communications, information and entertainment services over the nation's most advanced fiber-optic network. Wireline also includes Verizon Business, which delivers innovative and seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of more than 237,000 and last year generated consolidated operating revenues of more than $97 billion. For more information, visit http://www.verizon.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon
CONTACT: Sandra Arnette, +1-410-393-7109, sandra.u.arnette@verizon.com
Web Site: http://www.verizon.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
Publicis Groupe Annual General Shareholders MeetingDividend Set at 0.60 Euro Per Share
PARIS, June 9 /PRNewswire-FirstCall/ -- Publicis Groupe shareholders today held a Combined Ordinary and Extraordinary Meeting presided by Elisabeth Badinter, Chair of the Supervisory Board, and Maurice Levy, Chairman & CEO.
All of the resolutions submitted for the approval of the Ordinary and Extraordinary Meeting were adopted. Shareholders approved a net dividend of 0.60 euro per share. Dividend payments to shareholders will commence on July 6 2009. The Assembly also ratified the election of Mr. Tadashi Ishii as a new member of the Supervisory Board.
Maurice Levy summarized highlights and results for the 2008 financial year. He then commented questions addressed by the AGM participants. He noted << The fall of advertising expenditures should be over. As we already said, the second quarter 2009 will be the toughest quarter, with an improvement coming in the second half of the year. In this environment, we are confident we will outpace the sector's average in terms of revenue, thanks to our position in digital and emerging markets. Publicis Groupe will continue its strict cost control policy to record the best operating margin in the sector >>.
About Publicis Groupe
Publicis Groupe [Euronext Paris: FR0000130577] is the world's fourth largest communications group. In addition, it is ranked as the world's second largest media agency, and is a global leader in digital and healthcare communications. With activities spanning 104 countries on five continents, the Groupe employs approximately 45,000 professionals. Publicis Groupe offers local and international clients a complete range of advertising services through three global advertising networks, Leo Burnett, Publicis, Saatchi & Saatchi and two multi-hub networks, Fallon and 49%-owned Bartle Bogle Hegarty. Media consultancy and buying agency is offered through two worldwide networks, Starcom MediaVest Group and ZenithOptimedia; and interactive and digital marketing led by Digitas. Publicis Groupe recently launched VivaKi to leverage the combined scale of the autonomous operations of Digitas, Starcom MediaVest Group, Denuo and ZenithOptimedia to develop new services, tools, and next generation digital platforms. Publicis Groupe's Specialized Agencies and Marketing Services offer healthcare communications, corporate and financial communications, sustainability communications, shopper marketing, public relations, CRM and direct marketing, event and sports marketing, and multicultural communications.
Web site: http://www.publicisgroupe.com/
Publicis Groupe Services
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News Archives of June 2009
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