Companies news of 2009-07-31 (page 1)
Verteks Consulting Receives ShoreTel Top 10 Customer Satisfaction Award for 2009Verteks...
VirnetX Receives Markman Order in Patent Infringement Action Against MicrosoftVirnetX...
Delve Networks and Akamai Collaborate to Enable Cloud-Based Video Management for...
Honeywell Declares Quarterly Dividend
Lockheed Martin Offers Survey for Stockholder Feedback on Executive Compensation
Atmel Schedules Second Quarter 2009 Earnings Release and Conference Call
Anixter International Inc. Announces Share Repurchase Program
China Information Security Technology, Inc. Announces Reporting Date for Second Quarter...
Want the Best Seat on the Plane? Expedia.com Makes it HappenNew exclusive partnership with...
Panasonic to Sponsor MIT Solar Vehicle TeamPanasonic's High-Capacity Lithium-Ion Batteries...
Irvine Sensors Sets 3rd Quarter Conference CallWebcast scheduled for Tuesday, August 11,...
Gerard Perrier Industrie - Chiffre d'affaires semestriel en baisse de 2,3%
MAAWG Tackles Bots with New ISP Guidelines for Restoring Infected End-Users'...
Make Your Phone Rock With Exclusive Tones From Pearl Jam's Upcoming Studio Album,...
NI Technology Updates Outlooks for Intel, Cisco Systems, SanDisk, Blue Coat Systems and...
Amtrak Awards a Technology Services Agreement to IBMIBM to provide infrastructure services...
Raytheon Secures Prime Development Contract for Advanced Airborne Sensor
Verizon Wireless Expands 3G Wireless Network in Shelton, ConnecticutInvestment in...
Raytheon to Provide California First Responders and Healthcare Personnel Electronic...
AT&T to Receive the James C. Marsters Promotion Award for Helping Improve Accessibility...
FairPoint Communications to Release 2009 Second Quarter Financial ResultsConference Call...
Stoneridge Reports Second-Quarter 2009 Results
Diversinet Reports Second Quarter 2009 Financial ResultsFourth Consecutive Quarter of...
UTStarcom to Host Conference Call to Discuss Second Quarter 2009 Financial Results on...
Dow Corning Reports Sales and Profits for the Second Quarter of 2009
ASAT Holdings Limited Announces Additional Forbearance Period Through August 30, 2009
Photo: PR Newswire Acquires Leading Online News Room Hosting Company, The Fuel Team
Gaiam, Inc. to Announce Second Quarter 2009 ResultsConference Call to be held on...
Diguang International Presents LED Products at Government-sponsored Press Conference
Verteks Consulting Receives ShoreTel Top 10 Customer Satisfaction Award for 2009Verteks Consulting Rated "World Class" in Customer Satisfaction by Independent Source
OCALA, Fla., July 31 /PRNewswire/ -- Verteks Consulting today announced it has won ShoreTel's Customer Satisfaction Excellence Award for ShoreTel's Fiscal Year 2009, ending June 30. ShoreTel, Inc., the provider of brilliantly simple Unified Communication (UC) solutions based on its award-winning IP business phone system, announced the Fiscal Year 2009 award recipients at its global virtual partner ceremony July 20, 2009. With a customer satisfaction score in 2009 of 99.68%, Verteks Consulting was honored for being one of ShoreTel's top ten customer-satisfaction achievers in its Champion Channel partner program.
"I feel honored and humbled to receive this award on behalf of my team of dedicated professionals," said Don Gulling, CEO of Verteks Consulting. "Our commitment to 100% customer satisfaction has allowed us to grow and succeed in this challenging economy and I'm grateful for the hard work and professionalism of my entire team."
ShoreTel's highly qualified partners consist of VARs, integrators and interconnects that help customers navigate a world of voice over IP (VoIP) options, including LAN, WAN, call center, voice and data application integration, technology deployment, and training and support. The Top Ten Customer Satisfaction Excellence Award is presented to ShoreTel's channel partners that have achieved world-class customer satisfaction scores of 95+ as measured by an independent third party.
"I'd like to thank Verteks Consulting for their continued focus on customer satisfaction, and their team commitment to 100 percent satisfaction from every customer," said Don Girskis, senior vice president of worldwide sales at ShoreTel. "Customer loyalty, product excellence and effective marketing are key to overcoming current economic uncertainties, and Verteks has done a fantastic job with their focus on customer satisfaction combined with their passion for marketing at local seminars and other awareness events."
About Verteks Consulting, Inc.
Verteks Consulting provides leading-edge voice, video and data networks to business and government clients throughout the United Sates. With a focus on Unified Communications and advanced networking solutions that improve efficiency, reduce costs, increase competitiveness, and improve customer service, Verteks Consulting helps its business and government clients confront the challenges of today's dynamic marketplace. Verteks provides turn-key solutions that include project planning, installation, on-site training and 24x7 support services - including our leading-edge proactive support solution called 'Total System Care'. Verteks Consulting is based in Ocala, Florida, and has a regional office in Melbourne. For more information, visit http://www.verteks.com/ .
About ShoreTel, Inc.
ShoreTel, Inc., is the provider of brilliantly simple Unified Communication (UC) solutions based on its award-winning IP business phone system. We offer organizations of all sizes integrated, voice, video, data, and mobile communications on an open, distributed IP architecture that helps significantly reduce the complexity and costs typically associated with other solutions. The feature-rich ShoreTel UC system offers the lowest total cost of ownership (TCO) and the highest customer satisfaction in the industry, in part because it is easy to deploy, manage, scale and use. Increasingly, companies around the world are finding a competitive edge by replacing business-as-usual with new thinking, and choosing ShoreTel to handle their integrated business communication. ShoreTel is based in Sunnyvale, California, and has regional offices in Austin, Texas, United Kingdom, Sydney, Australia and Munich, Germany. For more information, visit http://www.shoretel.com/.
Verteks Consulting
CONTACT: Don Gulling, CEO, Verteks Consulting, +1-352-401-0909, dgulling@verteks.com
Web Site: http://www.verteks.com/
VirnetX Receives Markman Order in Patent Infringement Action Against MicrosoftVirnetX Optimistic, Views Ruling as Very Favorable
SCOTTS VALLEY, Calif., July 31 /PRNewswire-FirstCall/ -- VirnetX Holding Corporation (NYSE Amex: VHC) announced today that the United States District Court for the Eastern District of Texas, Tyler Division, issued its patent claim construction, or "Markman" Order ("Markman Order") in the ongoing patent infringement action between VirnetX Inc. ("VirnetX") and Microsoft Corporation ("Microsoft").
In a Markman ruling, a district court hearing a patent infringement case interprets and rules on the scope and meaning of disputed patent claim language regarding the patents in suit. A Markman decision is often a significant factor in the progress and outcome of patent infringement litigation.
In the recently issued Markman Order, the Court adopted interpretations that VirnetX believes are favorable to VirnetX on many of the claim terms that were in dispute in the litigation.
The litigation, which the company previously announced it had filed in February, 2007, involves Microsoft's development and marketing of certain of its products that the company believes infringe three patents owned by VirnetX.
"We are extremely pleased with the Court's Markman Order. We remain confident in our position concerning Microsoft's infringement of the patents at issue," said Kendall Larsen, VirnetX's chairman, president and CEO. "While the outcome of this and any legal matter is unpredictable, we believe the Court's Markman Order is another significant step towards the successful resolution of this litigation and further validates VirnetX's ongoing commitment to the enforcement of our intellectual property and protection of our investment in patent-protected licensing and research and development."
About VirnetX
VirnetX Holding Corporation, a secure real-time communications and collaboration technology company, is engaged in commercializing its patent portfolio by developing a licensing program, as well as developing software products designed to create a secure environment for real-time communications such as instant messaging and Voice over Internet Protocol. The Company's patent portfolio includes over 25 U.S. and foreign patents and pending applications which specifically cover the Company's unique GABRIEL Connection Technology. For more information, please visit http://www.virnetx.com/
Safe Harbor Statement
Statements in this report that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results and actions of VirnetX to be materially different from the historical results or actions or from any future results or actions expressed or implied by such forward-looking statements. VirnetX's actual results or actions including the final outcome of its legal action against Microsoft and the success of VirnetX's litigation strategy in pursuing its patent infringement claims may differ significantly from the results discussed in the forward-looking statements as a result of a number of factors, including resolution of the remaining phases of the Microsoft action and possible appeals, VirnetX's ongoing efforts to commercialize its products, the willingness of the parties VirnetX believes are infringing its patents to settle VirnetX's claims against them, and the amount of litigation costs VirnetX must incur in order to pursue its patent infringement claims and the time spent pursuing such claims. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will seek to," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject to all of the other risks and uncertainties that are described from time to time under the heading "Risk Factors" in VirnetX's reports and registration statements filed with the Securities and Exchange Commission, most recently in the company's Annual Report on Form 10-K filed on March 31, 2009 and the company's Quarterly Report on Form 10-Q filed on May 11, 2009.
Contacts:
Greg Wood
VirnetX Holding Corporation
831.438.8200
greg_wood@virnetx.com
VirnetX Holding Corporation
CONTACT: Greg Wood of VirnetX Holding Corporation, +1-831-438-8200, greg_wood@virnetx.com
Web Site: http://www.virnetx.com/
Delve Networks and Akamai Collaborate to Enable Cloud-Based Video Management for PublishersThe Delve solution includes browser-based video management, cloud computing, semantic video technology, and High Definition video streaming delivered across Akamai's network
SEATTLE, July 31 /PRNewswire/ -- Delve Networks, a leading provider of video platforms, announces a strategic relationship with Akamai Technologies, Inc. , the leader in powering rich media, dynamic transactions and enterprise applications online, that will enable Delve to offer customers a comprehensive and innovative video publishing solution that includes video management and delivery including support of next generation variable bit rate streaming technologies.
Easy to Use Turnkey Solution
Customers will have everything they need to publish video online, including video content ingestion, encoding, content management, syndication, analytics, monetization, content delivery, easy to customize video players, APIs, multiple device support, and search. The Delve platform is as simple to use as it is powerful, providing a simple point-and-click user interface that makes publishing video online accessible to anyone and any organization. In fewer than 5 minutes, a customer can go from having no video on their website to delivering high quality video with a player customized to match the website's branding.
"Delve is excited to team with Akamai to offer customers a complete video management solution utilizing Akamai's global network. Our joint effort will help us reach many more customers than we could reach alone," said Alexander Castro, CEO of Delve Networks. "Increasingly we are looking for leading partners who can help us provide the best in video management and solutions for our customers. We can think of no one better than Akamai to work with."
"A fast, efficient media distribution workflow based on industry standards is critical to any successful online business," said Tim Napoleon, Chief Strategist for Digital Media at Akamai. "Akamai's mission is to support innovation and leadership in this space and Delve clearly offers an impactful solution. Providing unique and innovative capabilities, such as a cloud-based architecture and search inside, Delve's video platform is not only technologically advanced, but also easy to use."
Utilizing the Cloud for Video Publishing
Delve's video platform is the first video solution that leverages cloud computing to provide publishers with the ability to elastically handle high quality video delivery and pay only for what they actually use. This not only frees publishers from having to worry about managing spikes in demand, but also completely removes the need to purchase, deploy, and maintain hardware and software.
Customers can also leverage the rich set of APIs exposed by the Delve cloud platform to build their own custom online video applications.
Says Doug Donaldson, President of PlaysportsTV, an award winning site for youth sports coaching and instructional videos, "Delve's rich set of API's allowed PlaysportsTV to build an engaging site for our customers without requiring a large in-house staff. Delve's video platform makes it possible for us to invest our money in areas that help us grow our business."
Semantic Video Technology
By the year 2013, Internet Video will account for 91% of all consumer traffic. The equivalent of 10 billion DVDs will be transferred every month on the Internet. With that many videos online, it becomes increasingly important to provide more powerful tools for managing and viewing video. Delve's video platform includes patented semantic video technology which extracts information from within the video to provide enhanced search, meta-data tagging, and indexing capabilities.
Delve allows consumers to search inside the video itself and jump directly to the point in the video in which they are most interested. Doing so increases engagement and reduces abandonment.
Delivering the Highest Quality Video
With Akamai's Media Delivery Services, Delve is able to deliver an amazing viewing experience, including HD-quality video, anywhere in the world. Akamai supports both Adobe's dynamic streaming and Microsoft's Silverlight Smooth Streaming technologies providing flexibility and choice for customers looking to deliver HD-quality video online.
Akamai's global delivery network includes more than 48,000 servers across 70 different countries and provides services to many leading broadcast companies around the world. With more capacity and server locations closer to the consumer, no other media delivery network can offer the same level of scalability and performance that is critical for successful delivery of high quality video.
Since launching 10 months ago, Delve Networks has signed up over 70 customers including Standard & Poor's, 1800Flowers, the Kansas City Chiefs, and many others.
For more information and a free trial, please visit http://www.delvenetworks.com/.
About Akamai
Akamai provides market-leading managed services for powering rich media, dynamic transactions, and enterprise applications online. Having pioneered the content delivery market one decade ago, Akamai's services have been adopted by the world's most recognized brands across diverse industries. The alternative to centralized Web infrastructure, Akamai's global network of tens of thousands of distributed servers provides the scale, reliability, insight and performance for businesses to succeed online. Akamai has transformed the Internet into a more viable place to inform, entertain, advertise, interact, and collaborate. To experience The Akamai Difference, visit http://www.akamai.com/.
About Delve Networks
Founded in 2006, Seattle-based Delve Networks makes it possible for organizations of any size across any industry to realize the potential of online video. Delve's advanced, easy-to-use and highly customizable online video platform offers all the tools necessary for publishing video online including video hosting, encoding, content delivery, content management, semantic search, metrics, advertising and syndication. By leveraging the power of cloud computing, Delve gives its customers the ability to quickly adapt as demand for content increases allowing for greater overall scalability, efficiency and reliability. Delve is backed by DFJ Frontier, Intel Capital and Labrador Ventures. For more information, visit http://www.delvenetworks.com/.
Delve Networks
CONTACT: Sam Fletcher, CJP Communications, +1-212-279-3115 ext. 248, or sfletcher@cjpcom.com
Web Site: http://www.delvenetworks.com/
Honeywell Declares Quarterly Dividend
MORRIS TOWNSHIP, N.J., July 31 /PRNewswire-FirstCall/ -- The Board of Directors of Honeywell has declared a regular quarterly dividend of $0.3025 per share on the company's outstanding common stock. The dividend is payable on September 10, 2009 to shareowners of record at the close of business on August 20, 2009.
Honeywell (http://www.honeywell.com/) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit http://www.honeywellnow.com/.
This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.
Media: Investor Relations:
Robert C. Ferris Murray Grainger
(973) 455-3388 (973) 455-2222
rob.ferris@honeywell.com murray.grainger@honeywell.com
Honeywell
CONTACT: Media, Robert C. Ferris, +1-973-455-3388, rob.ferris@honeywell.com, or Investors, Murray Grainger, +1-973-455-2222, murray.grainger@honeywell.com
Web Site: http://www.honeywell.com/
Lockheed Martin Offers Survey for Stockholder Feedback on Executive Compensation
BETHESDA, Md., July 31 /PRNewswire-FirstCall/ -- Lockheed Martin Corporation today announced that it is conducting an online survey of stockholders to obtain feedback on its executive compensation practices. The survey results will be reviewed by the Management Development and Compensation Committee of the Company's Board of Directors.
The survey will be available for stockholders to complete through December 20, 2009 on the Lockheed Martin Investor Relations homepage at http://www.lockheedmartin.com/investor/exec-comp-survey.html. The 2009 Lockheed Martin Proxy Statement is linked to the survey for stockholders to reference while taking the survey.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
For additional information, visit our website: http://www.lockheedmartin.com/
Lockheed Martin Corporation
CONTACT: Jeff Adams of Lockheed Martin Corporation, +1-301-897-6308, jeffery.adams@lmco.com
Web Site: http://www.lockheedmartin.com/
Atmel Schedules Second Quarter 2009 Earnings Release and Conference Call
SAN JOSE, Calif., July 31 /PRNewswire-FirstCall/ -- Atmel Corporation will hold a conference call Monday, August 3, 2009 at 2 p.m. PT to discuss the Company's second quarter 2009 financial results. Participating in the call will be Steven Laub, Atmel President and CEO and Stephen Cumming, VP Finance and CFO. The earnings news release will be available after the close of market that day.
The conference call will be webcast live and can also be monitored by dialing 1-800-374-0405 or 1-706-634-5185. The conference ID number is 23224915 and participants are encouraged to initiate their calls at least 10 minutes in advance of the 2 p.m. PT start time to ensure a timely connection. The webcast will be available at http://www.atmel.com/ir/.
A replay of the August 3, 2009 conference call will be available the same day at approximately 5:00 p.m. PT and will run for 48 hours. The replay access numbers are 1-800-642-1687 within the U.S. and 1-706-645-9291 for all other locations. The access code is 23224915.
About Atmel
Atmel is a worldwide leader in the design and manufacture of microcontrollers, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel provides the electronics industry with complete system solutions focused on consumer, industrial, security, communications, computing and automotive markets.
Contact: Robert Pursel, Director of Investor Relations, 1-408-487-2677
Atmel Corporation
CONTACT: Robert Pursel, Director of Investor Relations of Atmel Corporation, +1-408-487-2677
Web Site: http://www.atmel.com/ir
Anixter International Inc. Announces Share Repurchase Program
GLENVIEW, Ill., July 31 /PRNewswire-FirstCall/ -- Anixter International Inc. today announced a share repurchase program under which the Company may repurchase up to 1 million of its outstanding shares with the exact volume and timing dependent on market conditions. Anixter noted that all previously announced share repurchase programs had been completed.
Anixter currently has approximately 35.6 million shares outstanding.
About Anixter
Anixter International is a leading global distributor of communication products, electrical and electronic wire & cable, fasteners and other small parts. The company adds value to the distribution process by providing its customers access to 1) innovative inventory management programs, 2) more than 425,000 products and over $950 million in inventory, 3) 232 warehouses with more than 6.5 million square feet of space, and 4) locations in 270 cities in 52 countries. Founded in 1957 and headquartered near Chicago, Anixter trades on The New York Stock Exchange under the symbol AXE.
Safe Harbor Statement
The statements in this news release that use such words as "believe," "expect," "intend," "anticipate," "contemplate," "estimate," "plan," "project," "should," "may," or similar expressions are forward- looking statements. They are subject to a number of factors that could cause the company's actual results to differ materially from what is indicated here. These factors include general economic conditions, changes in supplier sales strategies or financial viability, political, economic or currency risks related to foreign operations, inventory obsolescence, copper price fluctuations, customer viability, risks associated with accounts receivable, potential impairment of goodwill and risks associated with integration of acquired companies. Please see the company's Securities and Exchange Commission filings for more information.
Additional information about Anixter is available on the Internet at http://www.anixter.com/
Anixter International Inc.
CONTACT: Dennis Letham, Chief Financial Officer of Anixter International Inc., +1-224-521-8601; or Chris Kettmann of FD Ashton Partners, +1-312-553-6716, for Anixter International Inc.
Web Site: http://www.anixter.com/
China Information Security Technology, Inc. Announces Reporting Date for Second Quarter 2009 Financial Results
SHENZHEN, China, July 31 /PRNewswire-Asia-FirstCall/ -- China Information Security Technology, Inc., ("China Information Security," "CIST" or the "Company"), a leading total solutions provider of digital security, geographic and hospital information systems in China, today announced that the Company plans to report its second quarter 2009 financial results on August 6th, 2009 before the market opens. The Company will also hold a conference call to discuss the financial results the same day at 8:00 a.m. ET.
Listeners may access the call by dialing # 1-913-312-1430. To listen to the live webcast of the event, please go to http://www.chinacpby.com/ and click on the Investor Relations section where conference calls are posted. Please go to the website 15 minutes early to download and install any necessary audio software.
A replay of the call will be available from August 06, 2009 to August 13, 2009. Listeners may access the replay by dialing 1-719-457-0820, passcode: 5824351.
About China Information Security Technology, Inc.
Through its wholly-owned Chinese subsidiary, China Information Security Technology, Inc., ("CIST" or the "Company") headquartered in Shenzhen, China ("PRC"), is a leading application software developer, systems integrator and full-service Geographic Information Systems ("GIS") solutions provider to the public security and civil-use markets in China, dedicated to the use of information technology to improve public safety and information management. Its main business lines range from digital information security, to GIS, and digital hospital information systems. The Company provides a broad portfolio of fully integrated solutions and services, including its First Responder Coordination Platform, Intelligent Border Control System, Residence Card Information Management System, Police- and Civil-use GIS products, and Digital Hospital Information System, to serve the growing demand for digital geographic information, hospital and electronic medical record systems in China. Its commitment to leading-edge technology and quality assurance has won the Company numerous government and enterprise contracts throughout China. To learn more about the Company, please visit its corporate website at http://www.chinacpby.com/ .
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of China Information Security Technology, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements"' including statements regarding the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects"' or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov/ ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
Company Contact:
China Information Security Technology, Inc.
Iris Yan
Tel: +86-755-8370-4767
Email: ir@chinacpby.com
Website: http://www.chinacpby.com/
Investor Relations Contact:
ICR:
Michael Tieu
Tel: +86-10-6599-7960
Email: michael.tieu@icrinc.com
China Information Security Technology, Inc.
CONTACT: Company Contact- Iris Yan, China Information Security Technology, Inc. at +86-755-8370-4767 or ir@chinacpby.com; Investor Relations Contact - Michael Tieu, ICR at +86-10-6599-7960 or michael.tieu@icrinc.com
Web site: http://www.chinacpby.com/
Want the Best Seat on the Plane? Expedia.com Makes it HappenNew exclusive partnership with SeatGuru provides Expedia.com customers with user generated seat reviews for most flights
BELLEVUE, Wash., July 31 /PRNewswire/ -- Expedia.com customers can now select the best airline seats, based on user generated reviews from real flyers, thanks to a new exclusive partnership with TripAdvisor's SeatGuru , the Web's most comprehensive source for airline information. The partnership, announced today, integrates SeatGuru flyer reviews of airplane seats into the seat maps for most flights sold on Expedia.com. This development marks the first time user-generated airline content is available on an online travel booking site. The availability of SeatGuru's reviews allows Expedia.com customers to travel more comfortably by helping them select better airplane seats, such as those with additional legroom, and avoid bad seats, such as those with limited recline.
"Integrating SeatGuru content enhances our travelers' booking and traveling experience and is a terrific example of our commitment to putting the traveler first," said Tim MacDonald, general manager of Expedia.com. "Expedia.com is the only place to buy airline tickets where customers can be assured they're getting the best seat on their flights. Combined with our unmatched selection, flexibility and value, this move underscores why Expedia.com is the best place to book travel."
SeatGuru-enhanced seat maps are available for many flights sold on Expedia.com, dividing flyer comments into three categories: "Good Review," "Poor Review" and "Mixed Review." Examples of actual seat reviews on Expedia.com include:
-- Good Review: "Seat 7D has extra legroom because the bulkhead does not
extend all the way to aisle."
-- Poor Review: "Seats 19 H and J have reduced legroom and limited
recline. . .All H seats have limited underseat leg and storage room
due to the presence of an entertainment equipment box."
-- Mixed Review: "Seats 20 A and B have a little extra room, but the
proximity of the galley can be bothersome."
This is the second significant integration of user-generated content from the TripAdvisor Media Network on Expedia.com this summer. On July 9, Expedia.com launched its Drive Getaway tool (http://www.expedia.com/drivegetaway), which incorporates TripAdvisor destination content. These collaborations represent strategic efforts within the brand portfolio of Expedia, Inc. - parent company to Expedia and TripAdvisor - to leverage the best of its marketplace for the benefit of travelers.
For more information about SeatGuru-enhanced seat maps, search for flights on http://www.expedia.com/.
About SeatGuru
SeatGuru (http://www.seatguru.com/) is the web's most comprehensive resource for airline information, featuring 25,000+ flyer reviews on airline seats, services, and amenities, and helpful information and links about baggage and TSA regulations. SeatGuru offers more than 650 airline seat maps covering 90+ airlines to help travelers find the best seats. SeatGuru is part of the TripAdvisor Media Network.
About TripAdvisor Media Network
TripAdvisor Media Network, operated by TripAdvisor, LLC, attracts more than 33 million monthly visitors* across 14 popular travel brands: TripAdvisor , http://www.airfarewatchdog.com/, http://www.bookingbuddy.com/, http://www.cruisecritic.com/, http://www.flipkey.com/, http://www.frequentflier.com/, http://www.holidaywatchdog.com/, http://www.independenttraveler.com/, http://www.onetime.com/, http://www.seatguru.com/, http://www.smartertravel.com/, http://www.travel-library.com/, http://www.travelpod.com/ and http://www.virtualtourist.com/. TripAdvisor-branded sites make up the largest travel community in the world, with more than 25 million monthly visitors*, 10 million registered members and 23 million reviews and opinions. Featuring real advice from real travelers, TripAdvisor-branded sites cover more than one million destinations, hotels, restaurants and attractions and operate in the U.S. (http://www.tripadvisor.com/), the U.K. (http://www.tripadvisor.co.uk/), Ireland (http://www.tripadvisor.ie/), France (http://www.tripadvisor.fr/), Germany (http://www.tripadvisor.de/), Italy (http://www.tripadvisor.it/), Spain (http://www.tripadvisor.es/), India (http://www.tripadvisor.in/), Japan (http://www.tripadvisor.jp/), Portugal and Brazil (http://www.tripadvisor.com.br/), Sweden (http://www.tripadvisor.se/), and The Netherlands (http://nl.tripadvisor.com/). TripAdvisor also operates in China under the brand daodao.com (http://www.daodao.com/). TripAdvisor Media Network provides travel suppliers with graphical advertising opportunities and a cost-per-click marketing platform. Collectively, the sites comprising the TripAdvisor Media Network have won hundreds of awards and accolades from press and industry worldwide. TripAdvisor and the sites comprising the TripAdvisor Media Network are operating companies of Expedia, Inc. .
About Expedia.com
Expedia.com is the world's leading online travel site, helping millions of travelers per month easily plan and book travel. Expedia.com (http://www.expedia.com/, 1-800-EXPEDIA) aims to provide personalized service, the latest technology and the widest selection of vacation packages, flights, hotels, rental cars, cruises and in-destination activities, attractions, and services. With the Expedia Best Price Guarantee, Expedia.com promises to offer to its customers the best rates available online for all types of travel. Expedia.com is an operating company of Expedia, Inc. .
Trademark and logos are property of their respective owners. 2009 Expedia, Inc. All rights reserved. CST # 2029030-40
Expedia.com
CONTACT: Expedia Press Hotline, +1-425-679-4317, ExpediaPR@edelman.com
Web Site: http://www.expedia.com/
Panasonic to Sponsor MIT Solar Vehicle TeamPanasonic's High-Capacity Lithium-Ion Batteries Support MIT Student Team's Entry in Global Green Challenge Solar Car Race in Australia
SECAUCUS, N.J., July 31 /PRNewswire-FirstCall/ -- Panasonic Corporation today announced its support of the Solar Electric Vehicle Team at the Massachusetts Institute of Technology (MIT SEVT), in their participation of the Global Green Challenge (GGC), to be held in October 2009 in Australia. Under the sponsorship agreement, Panasonic is providing the MIT SEVT team with its high-capacity (2.9 Ah), lithium-ion batteries to be used in the team's vehicle. Panasonic will have the right for its logo to appear on the body of the vehicle.
(Photo: http://www.newscom.com/cgi-bin/prnh/20090731/NY55032 )
The Global Green Challenge evolved from the World Solar Challenge, a solar car race first held in 1987 in Australia. Today, the Global Green Challenge includes the World Solar Challenge for solar powered cars, and the Eco Challenge for other types of environmentally conscious production cars including fuel cell, electric and hybrid vehicles.
Teams from universities, corporations and other groups from around the world will compete, driving across the Australian continent from Darwin in the north, to Adelaide in the south, over a distance of 3,021 km.
The MIT SEVT student team will compete in the World Solar Challenge with a solar powered car using Panasonic lithium-ion batteries to store its solar generated power. Separately, Panasonic will provide the same high-capacity, lithium-ion batteries to a team from Japan's Tokai University which is also competing in the same category.
Solar cars use motors which run on electricity generated by solar panels. Excess electricity is stored in their batteries. The batteries supply electricity to the motor when the electricity from the solar panel is insufficient, due to overcast skies or at night. In other words, the performance of solar cars in races depends not only on the capability of their solar panels, but also the capacity of the batteries and the weight of the battery module.
Panasonic is providing both teams with its 18650-type cylindrical high-capacity, lithium-ion battery cells which are then mounted in arrays within a storage battery module. The same type of battery cells are widely used in laptop computers. Because this type of battery, which features the highest level of energy density, is light and high capacity, it lasts longer and enables making battery modules lighter. Both teams selected the Panasonic batteries to get an edge in the race that will be run under harsh weather conditions.
Panasonic, which is committed to environmental protection, believes the Global Green Challenge will present an opportunity for the company to explore new applications of its high-capacity, lithium-ion batteries. More information on Panasonic's batteries is available at http://panasonic.net/corporate/segments/ec/.
About Panasonic
Panasonic Corporation is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the company recorded consolidated net sales of 7.77 trillion yen (US$78.4 billion) for the year ended March 31, 2009. The company's shares are listed on the Tokyo, Osaka, Nagoya and New York stock exchanges. For more information on the company and the Panasonic brand, visit the company's website at http://panasonic.net/.
Panasonic
CONTACT: Jim Reilly of Panasonic, +1-201-392-6067, reillyj@us.panasonic.com; or Blayne Murphy of Cohn & Wolfe for Panasonic, +1-212-798-9763, blayne.murphy@cohnwolfe.com
Web Site: http://www.panasonic.com/
Irvine Sensors Sets 3rd Quarter Conference CallWebcast scheduled for Tuesday, August 11, 2009 at 1:15 PM (Pacific time)
COSTA MESA, Calif., July 31 /PRNewswire-FirstCall/ -- Irvine Sensors Corporation today announced that it will host a conference call to discuss results of its third quarter and first three quarters of fiscal 2009, the 13 and 39 weeks ended June 28, 2009, on Tuesday, August 11, 2009 at 1:15 PM Pacific Time. Analysts and Investors who would like to participate in the Q&A Session following the webcast, please request the dial-in number from Investor Relations at investorrelations@irvine-sensors.com before noon, Monday, August 10, 2009. If you are not able to participate in the Q&A Session, you may e-mail your questions to Investor Relations at investorrelations@irvine-sensors.com. All questions will be addressed as time permits.
Irvine Sensors' CEO John C. Carson and CFO John Stuart will host the Company's call to discuss those results. The conference call will be broadcast live over the Internet and can be accessed by all interested parties via a link on Irvine Sensors' homepage at http://www.irvine-sensors.com/. To listen to the live call, please go to the Irvine Sensors website at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to monitor the live broadcast, a replay will be available shortly after the conclusion of the call, and remain archived on the Irvine Sensors site through August 21, 2009.
Irvine Sensors Corporation http://www.irvine-sensors.com/ is a vision systems company engaged in the development and sale of miniaturized infrared and electro-optical cameras, image processors and stacked chip assemblies, and sale of higher level systems incorporating such products. and research and development related to high density electronics, miniaturized sensors, optical interconnection technology, high speed network security, image processing and low-power analog and mixed-signal integrated circuits for diverse systems applications
Irvine Sensors Corporation
CONTACT: Investor Relations of Irvine Sensors Corporation, +1-714-444-8718, investorrelations@irvine-sensors.com
Web Site: http://www.irvine-sensors.com/
Gerard Perrier Industrie - Chiffre d'affaires semestriel en baisse de 2,3%
PARIS, July 31 /PRNewswire/ --
- Chiffre d'affaires semestriel -2,3%
PARIS, July 31 /PRNewswire/ --
- Ralentissement au 2ème trimestre 2009 malgré le Pôle Energie
Société Anonyme au capital de 1 986 574 Euros
Siège social : 20, rue Lionel Terray
349 315 143 R.C.S. Lyon - APE 6420 Z
Exercice social du 1er janvier au 31 décembre
Milliers d'euros Pôle Installation Maintenance Pôle Fabrication
d'Equipements
2009 2008 2009 2008
1er Trimestre 11,037 9,254 5,869 7,934
2ème Trimestre 9,674 10,220 6,561 9,605
1er Semestre 20,711 19,474 12,430 17,539
+6,4% -29,1%
Continued
Pôle Energie T O T A L
2009 2008 2009 2008 2009/2008
1er Trimestre 4,516 3,046 21,422 20,234 +5,8%
2ème Trimestre 4,945 3,558 21,180 23,383 -9,4%
1er Semestre 9,461 6,604 42,602 43,617 -2,3%
+43,3%
Le chiffre d'affaires au 1er semestre 2009 du groupe Gerard Perrier
Industrie, spécialisé dans les automatismes et les équipements électriques
destinés à l'industrie, est en baisse de 2,3% par rapport à la même période
de l'exercice précédent.
Deux des trois pôles d'activité du groupe ont connu un ralentissement au
second trimestre.
Par branche d'activité, l'évolution est la suivante :
- l'activité installation/maintenance (SOTEB), a ralenti au
second trimestre après un bon premier trimestre. Même si sur l'ensemble
du 1er semestre le pôle progresse de 6,4%, la Direction s'attend à la
poursuite du ralentissement au cours du second semestre 2009,
- l'activité fabrication d'équipements électriques et
électroniques (GERAL), a connu une baisse significative de 29,1%, dans
la continuité du 1er trimestre , subissant la mauvaise conjoncture
persistante du secteur des fabricants de biens d'équipements ; la
Direction ne voit pas pour l'instant de signe de redémarrage,
- l'activité du pôle Energie (ARDATEM), qui englobe les
prestations de services destinées au secteur de l'énergie et notamment
du nucléaire, est en très forte progression de 43,3% ; le pôle continue
de se développer à un rythme très soutenu et profite à plein de son
excellent positionnement sur le secteur de l'énergie ; sur l'ensemble
de l'année, la Direction prévoit une progression de l'ordre de 35 à
40%.
Sur l'ensemble de l'exercice, la Direction table désormais
sur un repli de l'activité de l'ordre de 3 à 5% (pour mémoire 92 Millions
d'euros en 2008).
Eurolist Compartiment C - FR 0000061459 - Contact : Monsieur
Grégoire CACCIAPUOTI +33(0)4-72-47-80-52, E-mail :
gcacciapuoti@gerard-perrier.com
Gerard Perrier Industrie
Eurolist Compartiment C - FR 0000061459 - Contact : Monsieur Grégoire CACCIAPUOTI +33(0)4-72-47-80-52, E-mail : gcacciapuoti@gerard-perrier.com
MAAWG Tackles Bots with New ISP Guidelines for Restoring Infected End-Users' MachinesIndustry Recommendations Can Improve Consumer Bot Removal
SAN FRANCISCO, July 31 /PRNewswire/ -- With the growing problem of bot infestations contributing to spam, identity theft and online fraud, the Messaging Anti-Abuse Working Group (MAAWG) has issued the first best practices aimed at helping the global ISP industry work more closely with consumers to recognize and remove bot infections on end-users' machines. The paper outlines a three-step approach with recommendations for detecting bots, notifying users that their computers have been compromised, and guiding them in removing the malware.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070124/CLW180LOGO )
Bots, or malware running on users' computers without their knowledge, are responsible for generating up to 90 percent of spam and can also be used to steal personal information or take part in DDOS (distributed denial of service) attacks. MAAWG Common Best Practices for Mitigating Large Scale Bot Infections in Residential Networks (Version 1.0) outlines strategies used by some of the largest ISPs worldwide yet was developed to be scalable for smaller network operators and to consider legal and process differences among countries.
"Bots are a global affliction and these best practices are an important step in educating the industry on the appropriate processes to help protect consumers. We're sharing the experiences of our global membership so that network operators everywhere can more aggressively tackle this problem. As an industry, we are becoming more proactive in alerting customers when bots are detected on their computers and in helping users remove the malware before it can harm them," said MAAWG Chairman Michael O'Reirdan.
The new best practices outline various options for alerting customers when their computers are infected and has suggestions for helping end-users clean their systems. The paper discusses bot detection methods, customer notification, and the use of walled gardens to limit infected machines' exposure to the Internet. Among the recommendations:
-- While protecting users' privacy, network operators can use various
tools to detect infected end-user computers, including DNS, scanning
the IP space to identify vulnerable computers, and collecting IP
traffic information for known command and control addresses.
-- Email, phone calls to customers, postal mail and walled gardens are
common notification tools, each with their own considerations.
In-browser messages are considered to be among the most effective
methods to alert customers but also can be technically challenging to
implement.
-- ISPs need to maintain a well-publicized security portal that includes
directions for end-user bot removal.
The paper also includes sample end-user messages and a list of malware detection and removal tools. The best practices will continue to be revised to reflect new procedures and the evolution of new bots threats.
Users Under Estimate Bot Threat
A bot residing on a consumers' computer is usually part of a larger network of machines programmed to perform specific, clandestine operations under the control of a "botmaster." The malware is often installed on unsuspecting consumers' machines when they click on an infected email or download illicit code from a compromised Web site. Bots are designed to operate stealthily - for example, sending spam or recording passwords and personal information without their owners' knowledge - making it difficult for end-users to detect their machines are infected.
While about 80 percent of consumers are aware of bots, only 20 percent believe they will ever be infected, according to a survey MAAWG released in July (the survey and related news release are available at http://www.maawg.org/). "ISPs need to take steps to protect users, but we also need to continually educate customers and work closely with them to contain bot propagation," O'Reirdan said.
The new bot mitigation best practices are part of the ongoing work at MAAWG to confront messaging abuse. Previously, MAAWG has published best practices for managing port 25, using walled gardens, sharing dynamic IP address space, email forwarding practices, and senders best communications practices, among other topics.
The MAAWG Common Best Practices for Mitigating Large Scale Bot Infections in Residential Networks can be downloaded from the organization's Web site at http://www.maawg.org/. The MAAWG consumer survey, published white papers and best practices also are available at the site.
About the Messaging Anti-Abuse Working Group (MAAWG)
The Messaging Anti-Abuse Working Group (MAAWG) is where the messaging industry comes together to work against spam, viruses, denial-of-service attacks and other online exploitation. MAAWG (http://www.maawg.org/) represents almost one billion mailboxes from some of the largest network operators worldwide. It is the only organization addressing messaging abuse holistically by systematically engaging all aspects of the problem, including technology, industry collaboration and public policy. MAAWG leverages the depth and experience of its global membership to tackle abuse on existing networks and new emerging services. Headquartered in San Francisco, Calif., MAAWG is an open forum driven by market needs and supported by major network operators and messaging providers.
MAAWG Board of Directors: AOL; AT&T ; Cloudmark, Inc.; Comcast ; Cox Communications; France Telecom (NYSE and Euronext: FTE); Goodmail Systems; Openwave Systems ; Time Warner Cable; Verizon Communications; and Yahoo! Inc.
MAAWG Full Members: 1&1 Internet AG; Bizanga LTD; Constant Contact; e-Dialog; Eloqua Corporation; Experian CheetahMail; Genius.com; Internet Initiative Japan, (IIJ Nasdaq: IIJI); IronPort Systems; McAfee Inc.; MX Logic; NeuStar, Inc.; Outblaze LTD; Return Path, Inc.; Spamhaus; Sprint; and Symantec
A complete member list is available at http://www.maawg.org/about/roster.
Photo: http://www.newscom.com/cgi-bin/prnh/20070124/CLW180LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
Messaging Anti-Abuse Working Group (MAAWG)
CONTACT: Linda Marcus, APR of Astra Communications, +1-714-974-6356, lmarcus@astra.cc
Web Site: http://www.maawg.org/
Make Your Phone Rock With Exclusive Tones From Pearl Jam's Upcoming Studio Album, Backspacer, Only From Verizon Wireless
BASKING RIDGE, N.J., July 31 /PRNewswire/ -- Beginning this week, fans who love legendary rock band Pearl Jam can find exclusive ringtones and ringback tones only at Verizon Wireless. Verizon Wireless is giving customers a sneak peak of Pearl Jam's much-anticipated new album, Backspacer, before it is released on Sept. 20, 2009. One exclusive ringtone and ringback tone will be available from VZW Tones or at http://www.vzw.com/mp3 for download and purchase each Thursday leading up to the album release, with the final three songs available the week of Sept. 17, 2009.
The new exclusive Pearl Jam ringtones and ringback tones from their forthcoming album, Backspacer, will be released as follows:
-- Available Now: "The Fixer" and "Got Some"
-- Aug. 6: "Amongst The Waves"
-- Aug. 13: "Just Breathe"
-- Aug. 20: "Gonna See My Friend"
-- Aug. 27: "Supersonic"
-- Sept. 3: "Force of Nature"
-- Sept. 10: "Speed of Sound"
-- Sept. 17: "Johnny Guitar" / "Unthought Known" / "The End"
At the dawn of the '90s, Pearl Jam came together to form one of the most influential bands of the modern era. Beginning with their iconic debut album, Ten, in 1991 and continuing through to today, the quintet have consistently combined the perfect amalgam of punk aesthetics with anthemic, classic rock sounds, and in the process have created one of the most respected catalogs in rock history. For the past 18 years, Pearl Jam has remained a relevant cultural and political force, having completed countless international tours and selling over 60 million records worldwide.
For more information on mobile music from Verizon Wireless, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or visit http://www.verizonwireless.com/music. For information on Pearl Jam, visit http://www.pearljam.com/.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving 87.7 million customers. Headquartered in Basking Ridge, N.J., with more than 87,000 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
NI Technology Updates Outlooks for Intel, Cisco Systems, SanDisk, Blue Coat Systems and Semitool
PRINCETON, N.J., July 31 /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 Intel , Cisco Systems , SanDisk , Blue Coat Systems and Semitool .
Editor Paul McWilliams has helped his subscribers generate huge returns on undervalued tech stocks in 2009. Out of the 80 stocks highlighted in his Undervalued Tech Stocks reports, 23 have produced returns greater than 70% and 12 have more than doubled year to date. All of these were ranked as either good "strategic" or "speculative" buys. The average return for all stocks ranked as either "speculative" or "strategic" buys was 66%, more than ten times the meager 6% return realized on stocks he suggested that investors avoid.
When asked what he saw differently, McWilliams said, "Picking the trend change was easy; there were very clear indicators we would see a rally start the week of March 9th. However, picking the best stocks to own and those that should be avoided requires knowing not only the companies and the quality of their management teams, but understanding trends in technology well enough to explain them in simple terms."
Keeping things simple and direct is precisely what McWilliams does for Next Inning readers. To enjoy a free 21-day, no-risk sample of McWilliams picks and pans, please visit the following link:
https://www.nextinning.com/subscribe/index.php?refer=prn856
McWilliams covers these topics and more in his recent reports:
-- On March 9th McWilliams alerted Next Inning readers that a rally would start that week and precisely what would ignite the trend change. If you look back at the charts, the rally started by noon the next day. What indicator is McWilliams watching today that he thinks could soon reverse this bullish trend?
-- In spite of the fact that every analyst covering the stock said he was wrong, McWilliams wrote that he was perfectly comfortable with his forecast that Intel could report revenues as high as $8B in Q2. Does McWilliams expect Intel and Cisco to fill the "technical gaps" made in their charts in July? Are Intel and Cisco trading below fair value?
-- Is SanDisk being overly conservative with the Q3 guidance it announced during its recent earnings report? Is the balance of NAND Flash supply and demand going to move in favor of suppliers like SanDisk? Is SanDisk likely to notably outperform analyst expectations in upcoming quarters? What news leads McWilliams to believe analysts are missing an important part of the story here?
-- Not only did McWilliams suggest buying Semitool when it was trading for just over $2 last March, he very specifically predicted what would drive the company's success. Now that the market is seeing things in a similar light and the price of the stock has nearly tripled, does he think it's time to take profits or that there is more good news yet to come? What is it McWilliams sees that he thinks limits the downside for Semitool?
-- On June 4th, after Blue Coat had already surged 40% from where he called it a buy, McWilliams very specifically stated that its fair value was more towards $20 than its current price in the mid-teens. It subsequently topped $21 before falling back sharply Thursday. What risks does McWilliams see in store for Blue Coat and what actions does he think are best to take at this juncture?
Founded in September 2002, Next Inning's model portfolio has returned 192% since its inception versus 9% 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, Next Inning Technology Research, +1-888-278-5515
Web Site: http://www.nextinning.com/
Amtrak Awards a Technology Services Agreement to IBMIBM to provide infrastructure services in support of employee and customer applications
ARMONK, N.Y., July 31 /PRNewswire-FirstCall/ -- IBM today announced it has signed a five-year information technology (IT) professional services agreement with Amtrak. Through the agreement, IBM will provide IT support to Amtrak focusing on improving the quality of service to Amtrak's 19,000 employees and over 28.7 million passengers nationwide.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO )
Amtrak awarded the contract to IBM to provide data center services including mainframe, mid-range server, security services, asset management and help desk and desktop support services for 10,000 workstations nationwide. IBM will support the infrastructure for Amtrak's reservation system as well as the corporation's entire computing infrastructure from delivery centers in the United States. The volume of tickets processed in Amtrak's reservation system via the Web, telephone, and ticket counter channels, makes it one of the largest systems of its kind in the rail industry.
"IBM's strong record of delivery excellence for Amtrak has allowed them to reduce operational costs and increase productivity while focusing on their core business and customers," said Steve Welsh, IBM Global Technology Services, vice president, Travel and Transportation Industry. IBM is pleased to continue working with Amtrak to delivery high-quality services that support its customers and employees."
The agreement was signed on June 30, 2009 and continues a long-standing relationship between IBM and Amtrak, dating back to 1994.
IBM has worked with the world's leading railroads on mission critical projects for more than 50 years. The company recently opened a new Global Rail Innovation Center that brings together the world's foremost industry leaders, researchers and universities to develop smarter rail systems around the globe.
About Amtrak
Amtrak has posted six consecutive years of growth in ridership and revenue, carrying more than 28.7 million passengers in the last fiscal year. Amtrak provides intercity passenger rail service to more than 500 destinations in 46 states on a 21,000-mile route system. For schedules, fares and information, passengers may call 800-USA-RAIL or visit Amtrak.com.
About IBM
For more information on IBM Global Technology Services, visit http://www.ibm.com/services. For more information on IBM's work with leading rail networks around the world, go to: http://www.ibm.com/ibm/ideasfromibm/us/smartplanet/topics/smarterrailroads/200 90511/index.shtml.
Media Contacts:
Jen Knecht
IBM Communications
(917) 472-3607
knechtj@us.ibm.com
Matt Berry
IBM Communications
(914) 766-1715
mhberry@us.ibm.com
Amtrak Media Relations
(202) 906-3860
Photo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
IBM
CONTACT: Jen Knecht, +1-917-472-3607, knechtj@us.ibm.com, or Matt Berry, +1-914-766-1715, mhberry@us.ibm.com, both of IBM Communications; or Amtrak Media Relations, +1-202-906-3860
Web Site: http://www.ibm.com/services
Raytheon Secures Prime Development Contract for Advanced Airborne Sensor
DALLAS, July 31, 2009 /PRNewswire/ -- The U.S. Navy has awarded a multi-year contract authorizing Raytheon Company to begin development of the Advanced Airborne Sensor, the follow-on to the Littoral Surveillance Radar System (LSRS).
The AAS program will equip the P-8A Poseidon, the Navy's next patrol maritime aircraft. LSRS is currently operational on Navy P-3C Orions; the AAS will provide airborne radar surveillance with next-generation line-of-site capability.
Awareness and action are critical not only to today's mission, but the ever changing threats of tomorrow. "We will be ready with intelligent technology when the Poseidon takes its place as the Navy's ISR capability in the fleet," said Capt. Scott Anderson, LSRS and AAS program manager.
As the sensor prime contractor, Raytheon will oversee the mission systems integration, consisting of the development, production and installation of the AAS on the Poseidon. Raytheon will work closely with its associate prime contractor, Boeing, for engineering, aircraft modifications, integration and flight test.
"This is a major leap in technology in support of our customer's missions," said Tim Carey, vice president for Intelligence, Surveillance and Reconnaissance Systems. "As the demand for Intelligence, Surveillance and Reconnaissance systems increases, we are proud to provide our customers with ISR capabilities that are recognized around the world."
By maximizing the incorporation of Commercial Off-The-Shelf (COTS) technologies, the AAS will be highly supportable, maintainable, scalable and upgradeable, reducing unit production and life cycle costs.
Raytheon also provides continuing mission support of Navy operations, logistics and sustaining engineering of LSRS through a previously awarded multi-year performance-based contract.
Raytheon Company, with 2008 sales of $23.2 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 87 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 73,000 people worldwide.
Contact:
Thais C. Conway
972.952.5705
Thais_C_Conway@raytheon.com
Raytheon Company
CONTACT: Thais C. Conway, +1-972-952-5705, Thais_C_Conway@raytheon.com
Web Site: http://www.raytheon.com/
Company News On-Call: http://www.prnewswire.com/comp/149999.html http://www.prnewswire.com/comp/742575 .html
Verizon Wireless Expands 3G Wireless Network in Shelton, ConnecticutInvestment in Fairfield County, Connecticut to Stay Ahead of Rising Demand for 3G Multimedia and Internet Access
SHELTON, Conn., July 31 /PRNewswire/ -- Verizon Wireless has expanded its network with a new cell site in Shelton, Connecticut. The new cell site provides increased 3G high-speed wireless broadband coverage along Route 8 in Shelton, as well as the surrounding areas.
Verizon Wireless, originally the first wireless provider to offer 3G speeds, today has the largest and most reliable 3G network coverage area in the United States, giving customers with notebook computers or smartphones the ability to:
-- Browse the web faster with quicker page loading times
-- Quickly download and play music
-- Watch streaming video
-- Send emails with attachments
-- Download and play 3D games
-- Video conference with your contacts
-- Rapidly share files
"Verizon Wireless' 3G network coverage across New England is unparalleled," said director for Network System Performance for Verizon Wireless, Richard Enright. "We've invested billions of dollars into New England believing that even the most sophisticated cell phone is only as good as the network it runs on. Our continued aggressive network investments provide customers with a 3G network advantage at home and on vacation."
The company has invested more than $50 billion since its inception to increase the wireless voice and data coverage of its national network and to add new 3G services like Mobile Broadband and V CAST. Regionally the company has invested more than $2.4 billion into its New England network over the past nine years, including $240 million in 2008 alone. As the carrier with America's largest and most reliable wireless network, Verizon Wireless cell sites in New England provide 3G wireless data connectivity.
Mobile Broadband Internet Access
Verizon Wireless' 3G high-speed wireless broadband network keeps customers connected. With Mobile Broadband from Verizon Wireless, notebook computer users can access email, download files and browse the Internet at broadband speed (average download speeds of 600 kilobits per second (kbps) to 1.4 megabits per second and average upload speeds of 500-800 kbps). A one megabyte email attachment - the equivalent of a small PowerPoint presentation or a large PDF file - can be downloaded in about eight seconds and uploaded in less than 13 seconds.
V CAST: Video and Music
Powered by the company's 3G high-speed network, V CAST multimedia services offer customers the ability to download full song tracks, play cutting-edge 3D games and stream video clips straight to their phones. With content updated daily, customers can watch dozens of on-demand videos, including breaking news, weather, sports highlights and the hottest entertainment clips.
V CAST Music with Rhapsody
The company's wireless broadband network also powers its V CAST Music with Rhapsody service, which combines Verizon Wireless' world-class, over-the-air mobile music service with Rhapsody's leading desktop solution. V CAST Music with Rhapsody delivers unlimited access to music on up to three Rhapsody-compatible mobile phones and players, and online on multiple PCs and Web browsers. With V CAST Music with Rhapsody, customers who purchase music over-the-air can download the master copy of the songs or albums to their PCs free of digital rights management (DRM) software that restricts how and where music can be played.
Most Reliable Wireless Network
The company's 'America's most reliable wireless network' reputation is based on network studies performed by real-life test men and test women throughout the country. By traversing more than one million miles annually on Interstate, U.S. and state highways, as well as major roads and surface streets in high-population areas - the equivalent of two roundtrips to the moon or 40 trips around the world - the test men and women confirm that 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 87.7 million customers. Headquartered in Basking Ridge, N.J., with more than 87,000 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: Michael Murphy of Verizon Wireless, +1-781-932-1213, michael.murphy(at)verizonwireless.com; or Diane Fortier, +1-978-499-9250, ext. 225, diane(at)matternow.com, for Verizon Wireless
Web Site: http://www.verizonwireless.com/
Raytheon to Provide California First Responders and Healthcare Personnel Electronic Patient Tracking System
LONG BEACH, Calif., July 31, 2009 /PRNewswire/ -- Raytheon Company will provide an electronic patient tracking system to a public health-led team of first responders and hospital personnel in Long Beach, Calif., that will improve the availability of patient information.
The EPTS, an information technology solution, facilitates the triage, treatment and transport of victims during mass casualty incidents by providing selected patient data to all involved parties, improving continuity of care and family notification response time.
"Raytheon has a long history of providing California first responders with open-standard communications solutions to improve efficiency and enhance community safety," said William Iannacci, director of Civil Communications Solutions for Raytheon. "Applying our systems integration expertise with our proven technology enables the California public safety community to more effectively share critical information."
The system uses a combination of barcode and radio frequency identification tags to identify the patient's location, medical status, and personal information. This information is wirelessly transferred to a secure Raytheon-hosted, Web-enabled database that provides the patient's information to hospitals and emergency personnel.
Upon arrival at one of the participating hospitals in Long Beach, a patient's status can be tracked to improve efficiency and ensure information accuracy. The system includes data interoperability tools and services provided by DropFire, Inc. This data will continue to be collected until the patient is admitted, released, or transferred to another hospital.
Raytheon Company, with 2008 sales of $23.2 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 87 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 73,000 people worldwide.
Contact:
Kristy Foushee
919.865.1252
kristy.foushee@raytheon.com
Raytheon Company
CONTACT: Kristy Foushee of Raytheon Company, +1-919-865-1252, kristy.foushee@raytheon.com
Web Site: http://www.raytheon.com/
Company News On-Call: http://www.prnewswire.com/comp/149999.html http://www.prnewswire.com/comp/742575 .html
AT&T to Receive the James C. Marsters Promotion Award for Helping Improve Accessibility for People With DisabilitiesAT&T will be Honored on Saturday, August 1, at the TDI Awards Luncheon in Washington, D.C.
DALLAS, July 31 /PRNewswire-FirstCall/ -- AT&T* today announced that it has been selected as a recipient of the 2009 James C. Marsters Promotion Award by TDI (formally known as Telecommunications for the Deaf and Hard of Hearing, Inc.) for its relentless efforts to provide unmatched accessibility for people with disabilities.
TDI is the leading national advocacy organization that addresses equal access issues in telecommunications, media, and information technologies for the disability community. The James C. Masters Promotion Award is presented to an individual, an organization, or company that has made an outstanding contribution to improving the accessibility of telecommunications, media and information technology for the deaf and hard of hearing communities.
"We're honored to be recognized by TDI as a company that strives to improve the lives of the deaf and hard of hearing communities through the development of innovative products and services," said Cindy Brinkley, AT&T chief diversity officer. "Our efforts to meet the needs of people with disabilities date back more than a century and stem from our overall commitment to diversity and inclusion - a commitment deeply engrained in our culture."
The AT&T Advisory Panel on Access and Aging (AAPAA) is the latest example of a longstanding heritage--dating back more than a century-- of engaging experts and industry leaders outside AT&T to provide counsel and advice on its policies, practices, and products and services to the disability community.
In addition to AT&T's efforts to develop innovative products and services and to contract with third-party vendors for accessible equipment for customers with disabilities, AT&T also operates various centers to assist customers with disabilities such as the National Center for Customers with Disabilities for AT&T Mobility in Baton Rouge, LA. Similarly, AT&T's National Center for Disability and Aging has trained service representatives available to assist customers that have hearing, vision, mobility, cognitive and/or speech disabilities.
The James C. Marsters Award will be presented on Saturday, August 1, during the TDI Awards Luncheon to be held at the Mayflower Renaissance Hotel in Washington, D.C.
For more information about wireless product or service offerings for those with disabilities, visit http://www.wireless.att.com/learn/articles-resources/disability-resources/disa bility-resources.jsp.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest 3G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. AT&T offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(SM) and AT&T |DIRECTV(SM) brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T's Yellow Pages and YELLOWPAGES.COM organizations are known for their leadership in directory publishing and advertising sales. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE magazine's list of the World's Most Admired Companies. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
2009 AT&T Intellectual Property. All rights reserved. 3G service not available in all areas. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
AT&T Inc.
CONTACT: Vanessa Astros of AT&T Inc., +1-713-513-9521, vastros@attnews.us
Web Site: http://www.att.com/
FairPoint Communications to Release 2009 Second Quarter Financial ResultsConference Call and Web Broadcast Details Released
CHARLOTTE, N.C., July 31 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. today announced that it will release its 2009 second quarter financial results after the market close on Wednesday, August 5, 2009. The Company will hold its earnings conference call at 8:30 a.m. (EDT), Thursday, August 6, 2009.
Participants should call (888) 562-3356 (US/Canada) or (973) 582-2700 (international) at 8:20 a.m. (EDT) and request the FairPoint Communications Second Quarter 2009 Earnings Call or Conference ID #22824129.
A telephonic replay will be available for anyone unable to participate in the live call. To access the replay, call (800) 642-1687 (US/Canada) or (706) 645-9291 (international) and enter confirmation code 22824129. The recording will be available from Thursday, August 6, 2009 at 11:30 a.m. (EDT) through Thursday, August 13, 2009 at 11:59 p.m. (EDT).
A live broadcast of the earnings conference call will be available via the Internet at http://www.fairpoint.com/ under the Investor Relations section. An online replay will be available beginning later that morning on August 6, 2009 and will remain available for one year.
About FairPoint
FairPoint Communications, Inc. is an industry leading provider of communications services to communities across the country. Today, FairPoint owns and operates local exchange companies in 18 states offering advanced communications with a personal touch, including local and long distance voice, data, Internet, television and broadband services. FairPoint is traded on the New York Stock Exchange under the symbols FRP and FRP.BC. Learn more at http://www.fairpoint.com/.
This press release may contain forward-looking statements by FairPoint that are not based on historical fact, including, without limitation, statements containing the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions and statements. Because these forward-looking statements involve known and unknown risks and uncertainties, there are important factors that could cause actual results, events or developments to differ materially from those expressed or implied by these forward-looking statements. Such factors include those risks described from time to time in FairPoint's filings with the Securities and Exchange Commission ("SEC"), including, without limitation, the risks described in FairPoint's most recent Annual Report on Form 10-K on file with the SEC. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and FairPoint undertakes no duty to update this information.
FairPoint Communications, Inc.
CONTACT: Brett Ellis, Investor Contact, 1-866-377-3747, bellis@fairpoint.com, or Rose Cummings, Media Contact, +1-704-602-7304, rcummings@fairpoint.com
Web Site: http://www.fairpoint.com/
Stoneridge Reports Second-Quarter 2009 Results
WARREN, Ohio, July 31 /PRNewswire-FirstCall/ --
-- Decrease in net sales, net income attributed to dramatically reduced
volumes in key markets
-- Liquidity, capital structure seen as competitive advantage
Stoneridge, Inc. today announced net sales of $102.3 million and a net loss of $19.8 million, or $(0.84) per diluted share, for the second quarter ended June 30, 2009.
Net sales for the quarter decreased by $110.9 million, or 52.0 percent, to $102.3 million, compared with $213.2 million for the second quarter of 2008. The decrease in net sales was primarily driven by dramatically reduced production volumes in the North American passenger car/light truck market (49.6%) and the commercial vehicle markets in Europe (70.0%) and North America (50.3%), and the effect of foreign currency translation. Foreign currency translation negatively affected second-quarter net sales by approximately $5.1 million compared with the same period in 2008.
The net loss for the second quarter of 2009 was $19.8 million, or $(0.84) per diluted share, compared with net income of $4.7 million, or $0.20 per diluted share, in the second quarter of 2008. The decrease in net income was due primarily to the severe reduction in sales volume the Company experienced in all of its markets. In addition, no tax benefit was recognized in the second quarter of 2009 as a result of the tax valuation allowance provided in the fourth quarter of 2008.
As of June 30, 2009, Stoneridge's consolidated cash position was $85.5 million, $7.2 million lower than its 2008 year-end balance of $92.7 million, and the Company's Asset Based Lending facility remains undrawn. Net cash used by operating activities for the six months ended June 30, 2009 was $2.6 million, compared with $12.6 million in cash provided for the six months ended June 30, 2008. The $15.2 million decrease in cash provided by operating activities was a result of reduced earnings caused by the decline in sales partially offset by working capital reductions.
For the six months ended June 30, 2009, net sales were $223.4 million, a decrease of 46.3 percent compared with $416.3 million for the six months ended June 30, 2008. The net loss for the 2009 six-month period was $31.3 million, or $(1.33) per diluted share, compared with net income of $11.2 million, or $0.47 per diluted share, in the comparable 2008 period.
Outlook
"The second-quarter volume declines were more severe than anticipated. The impact of production stoppages related to the Chrysler and GM bankruptcies, combined with the rolling European commercial vehicle shutdowns, increased in intensity during the second quarter," said John C. Corey, president and chief executive officer. "Our business plan continues to emphasize conserving cash while investing in near-term product launches and selectively investing in longer-term development projects. However, we continued to adjust to the volume declines with additional restructuring in Europe during the quarter. We are developing plans to consolidate our control devices business from two business units to one during the third quarter with the intent of further lowering our cost structure. We anticipate that we will announce the projected costs and benefits of this consolidation during the third quarter.
"The record number of customer and supplier bankruptcies has had a very limited impact as our team has managed to protect Stoneridge assets and prevent supply disruptions. While the second quarter was worse than we projected, our cost-reduction initiatives that are already under way will allow us to operate through the prolonged downturn and improve our position for the new competitive landscape once markets recover."
Regarding the Company's expectations for the second half of 2009, Corey added, "We are revising our previous guidance due to the significant drop in our global markets. At this point we expect Stoneridge to return to positive operating income in the fourth quarter. However, cash flow will depend on the bottoming of the market drop, and volume increases will require a ramp up in working capital which may result in a modest cash use for the second half."
Conference Call on the Web
A live Internet broadcast of Stoneridge's conference call regarding 2009 second-quarter results can be accessed at 9:30 a.m. Eastern time on Friday, July 31, 2009, at http://www.stoneridge.com/, which will also offer a webcast replay.
About Stoneridge, Inc.
Stoneridge, Inc., headquartered in Warren, Ohio, is an independent designer and manufacturer of highly engineered electrical and electronic components, modules and systems principally for the automotive, medium- and heavy-duty truck, agricultural and off-highway vehicle markets. Additional information about Stoneridge can be found at http://www.stoneridge.com/.
Forward-Looking Statements
Statements in this release that are not historical fact are forward-looking statements, which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied in this release. Factors that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the loss of a major customer; a significant change in automotive, medium- and heavy-duty truck or agricultural and off-highway vehicle production; disruption in the OEM supply chain due to bankruptcies; a significant change in general economic conditions in any of the various countries in which the Company operates; labor disruptions at the Company's facilities or at any of the Company's significant customers or suppliers; the ability of the Company's suppliers to supply the Company with parts and components at competitive prices on a timely basis; customer acceptance of new products; and the failure to achieve successful integration of any acquired company or business. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance related to forward-looking statements contained in this release can be found in the Company's periodic filings with the Securities and Exchange Commission.
STONERIDGE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(in thousands, except per share data)
Three Months Ended Six Months Ended
June 30, June 30,
------------------ ----------------
2009 2008 2009 2008
---- ---- ---- ----
Net Sales $102,290 $213,229 $223,375 $416,299
Costs and Expenses:
Cost of goods sold 88,694 163,875 190,504 315,128
Selling, general and
administrative 26,338 36,884 53,415 73,166
Restructuring charges 1,551 1,713 2,509 3,135
----- ----- ----- -----
Operating Income (Loss) (14,293) 10,757 (23,053) 24,870
Interest expense, net 5,538 4,880 11,035 10,252
Equity in earnings of
investees (903) (3,016) (1,478) (6,835)
Loss on early extinguishment
of debt - 271 - 770
Other expense (income),
net 639 (124) 645 278
--- ---- --- ---
Income (Loss) Before Income
Taxes (19,567) 8,746 (33,255) 20,405
Provision (benefit) for income
taxes 197 4,062 (1,911) 9,174
--- ----- ------ -----
Net Income (Loss) $(19,764) $4,684 $(31,344) $11,231
======== ====== ======== =======
Basic net income (loss) per
share $(0.84) $0.20 $(1.33) $0.48
====== ===== ====== =====
Basic weighted average
shares outstanding 23,516 23,286 23,490 23,327
====== ====== ====== ======
Diluted net income (loss)per
share $(0.84) $0.20 $(1.33) $0.47
====== ===== ====== =====
Diluted weighted average
shares outstanding 23,516 23,690 23,490 23,722
====== ====== ====== ======
STONERIDGE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands)
June 30, December 31,
2009 2008
---------- -----------
ASSETS (Unaudited) (Audited)
Current Assets:
Cash and cash equivalents $85,481 $92,692
Accounts receivable, less reserves of
$4,186 and $4,204, respectively 70,689 96,535
Inventories, net 43,683 54,800
Prepaid expenses and other 16,453 9,069
Deferred income taxes 1,957 1,495
------- -------
Total current assets 218,263 254,591
------- -------
Long-Term Assets:
Property, plant and equipment, net 80,287 87,701
Other Assets:
Investments and other, net 43,279 40,145
------- -------
Total long-term assets 123,566 127,846
------- -------
Total Assets $341,829 $382,437
======== ========
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
Accounts payable $41,020 $50,719
Accrued expenses and other 39,040 43,485
------- -------
Total current liabilities 80,060 94,204
------- -------
Long-Term Liabilities:
Long-term debt 183,000 183,000
Deferred income taxes 5,379 7,002
Other liabilities 6,987 6,473
------- -------
Total long-term liabilities 195,366 196,475
------- -------
Shareholders' Equity:
Preferred Shares, without par value,
authorized 5,000 shares, none issued - -
Common Shares, without par value,
authorized 60,000 shares, issued 25,286
and 24,772 shares and outstanding 25,176
and 24,665 shares, respectively, with no
stated value - -
Additional paid-in capital 158,232 158,039
Common Shares held in treasury, 110 and
107 shares, respectively, at cost (132) (129)
Accumulated deficit (90,499) (59,155)
Accumulated other comprehensive loss (1,198) (6,997)
------- -------
Total shareholders' equity 66,403 91,758
------- -------
Total Liabilities and Shareholders'
Equity $341,829 $382,437
======== ========
STONERIDGE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(in thousands)
Six Months Ended
June 30,
----------------
2009 2008
---- ----
OPERATING ACTIVITIES:
Net cash provided by (used for) operating
activities $(2,600) $12,574
------- -------
INVESTING ACTIVITIES:
Capital expenditures (6,743) (11,641)
Proceeds from sale of property, plant and equipment 92 307
Business acquisitions and other - (980)
------ -------
Net cash used for investing activities (6,651) (12,314)
------ -------
FINANCING ACTIVITIES:
Repayments of long-term debt - (17,000)
Share-based compensation activity - 1,162
Premiums related to early extinguishment of debt - (553)
------ -------
Net cash used for financing activities - (16,391)
------ -------
Effect of exchange rate changes on cash and cash
equivalents 2,040 1,549
----- -----
Net change in cash and cash equivalents (7,211) (14,582)
Cash and cash equivalents at beginning of period 92,692 95,924
------ ------
Cash and cash equivalents at end of period $85,481 $81,342
======= =======
Stoneridge, Inc.
CONTACT: Kenneth A. Kure, Corporate Treasurer and Director of Finance, +1-330-856-2443
Web Site: http://www.stoneridge.com/
Diversinet Reports Second Quarter 2009 Financial ResultsFourth Consecutive Quarter of Profitability Quarterly Revenues up 244%
TORONTO, July 31 /PRNewswire-FirstCall/ -- Diversinet Corp. (TSX Venture: DIV, OTCBB: DVNTF), a leading provider of secure application platforms for the mobile world, today announced financial results for the second quarter of 2009. All dollar amounts are in U.S. dollars.
Revenues for the second quarter were $1,945,000, up 244% percent compared to $565,000 in the second quarter of 2008. Revenues for the six months ended June 30, 2009 were $3,955,000, up 336% from $906,000 in the same period in 2008. The Q2 2009 revenues include $1,625,000 from the $40 million five-year worldwide license and revenue share agreement with AllOne Mobile Corporation ("AllOne") signed in Q3 2008.
The net income for the second quarter of 2009 was $1,056,000 or $0.02 per share, compared to a net loss of $1,205,000, or $0.03 per share in the second quarter of 2008. The net income for the six months ended June 30, 2009 was $1,238,000, or $0.03 per share, compared to a net loss of $2,363,000 or $0.05 per share in the similar six months of 2008. Included in the second quarter net income are non-cash stock-based compensation, depreciation and amortization of $259,000 ($304,000 in Q2 2008). Also included in the second quarter net income is a foreign exchange gain of $707,000 ($15,000 gain in Q2 2008). Cash and cash equivalents at June 30, 2009 were $10,671,000 and $10,719,000 at March 31, 2009.
Albert Wahbe, CEO and Chairman stated "First and foremost is the continued strength of our balance sheet and the achievement of our fourth consecutive profitable quarter - both represent significant achievements for Diversinet. We believe that 2009 will be our first profitable year since our founding twelve years ago. From a business perspective, 2009 will continue to be measured by our and AllOne's ability to negotiate pilots and strategic partnerships as we wait for the wireless health care market to emerge. While we would like to see the market evolve faster, we have noticed an increase in telehealth activity over the last three months. From a competitive standpoint, we believe Diversinet is a leading secure application platform for the mobile world. Through our partnership with AllOne Mobile we have established exciting new relationships with Microsoft HealthVault and the U.S. Army, establishing a credible footprint. Additionally, we have several U.S. and international activities that I am confident will emerge during the second half of 2009. Please note that Diversinet is providing technology leadership in the telehealth segment that is still in its infancy and evolving rapidly. While our technology is available for deployment, our growth is ultimately reliant upon market adoption. We continue to believe that we can make additional progress in the health care industry even in these challenging economic times and believe the U.S. commitment to spend up to $31 billion dollars on U.S. health care information technology over the next 10 years will be a positive catalyst for AllOne and Diversinet. With this momentum, we expect to launch an investor relations program later this year."
Company, customer and product solution highlights include:
- During May 2009, the AllOne Mobile secured by Diversinet and MyHealth
Mobile application (for BlueCross of Northeast Pennsylvania members)
was approved and is now available on the Verizon BREW application
deck for download.
- During May 2009, the AllOne Mobile secured by Diversinet product went
live with a secure mobile consumer direct PHR (personal health
record) solution that is offered by Microsoft's HealthVault. The
product is now available for purchase for $25 per year. Visit
HealthVault's website to purchase our innovative solution today at http://healthvault.com/websites/AllOneHealth-AllOneMobile.html?type= application.
- During June 2009, the AllOne Mobile secured by Diversinet product
went live on the iTunes App Store offering three iPhone apps
available for download. The applications are for AllOne Mobile,
MyHealth Mobile and mCare. The mCare application is for use in a U.S.
Army pilot that creates a challenge response secure session with the
wounded warrior for interactive feedback. The AllOne Mobile direct to
consumer application for Microsoft's HealthVault is anticipated to be
available in August.
- During June 2009, after successful implementation of our U.S. Army
pilot our combined solution was moved behind the Army's firewall and
the pilot metrics expanded. An early positive sign. AllOne Mobile's
platform is anticipated to support the rehabilitation needs of up to
10,000 returning soldiers in a phased implementation over the next
year.
- Diversinet was awarded an additional U.S. Patent # 7,555,460
entitled "Payment system and method using tokens" on June 30, 2009.
The patent provides a method for collecting payment over the internet
by a third party for services using secure digital tokens issued by a
third party. The new patent addresses several security and fraud
issues related to the use of credit card payments over the internet.
Diversinet's patent portfolio now includes 12 patents and 24 patents
pending.
- During April 2009, the AllOne Mobile Secured by Diversinet product
(that utilizes MobiSecure Wallet and Vault) won the Info Security
Products Guide 2009 Global Product Excellence Award for Security
solution for health.
About Diversinet
Diversinet Corp. (TSX Venture: DIV, OTCBB: DVNTF) is a leading provider of secure application platforms for the mobile world utilizing wireless authentication and access solutions that secure the personal identity, transactions and data of consumers over almost any mobile phone or handheld device. Diversinet's reliable, end-to-end MobiSecure Wallet and Vault products provide global, secure and cost effective applications to mobilize personal health records, financial services transactions and identity protection management. Connect with Diversinet Corp. at http://www.diversinet.com/.
The Private Securities Litigation Reform Act of 1995 and Canadian securities laws provide a "safe harbour" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by the company) contains statements that are forward-looking, such as statements relating to anticipated future revenues of the company and success of current product offerings and the term of the agreement with AllOne Mobile Corporation. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of the company. For a description of additional risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission available at http://www.sec.gov/ and Canadian securities regulatory authorities available at http://www.sedar.com/.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Diversinet Corp.
CONSOLIDATED BALANCE SHEETS
(in United States dollars)
June 30 December 31
2009 2008
$ $
-------------------------------------------------------------------------
(Unaudited)
ASSETS
Current assets
Cash and cash equivalents 10,671,462 12,075,422
Accounts receivable (note 2(c)) 217,307 -
Prepaid expenses 42,029 57,346
-------------------------------------------------------------------------
Total current assets 10,930,798 12,132,768
-------------------------------------------------------------------------
Property and equipment, net (note 4) 241,745 255,264
-------------------------------------------------------------------------
Total assets 11,172,543 12,388,032
-------------------------------------------------------------------------
-------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable 177,615 168,078
Accrued liabilities (note 5) 170,465 511,961
Deferred revenues 35,833 2,646,356
-------------------------------------------------------------------------
Total current liabilities 383,913 3,326,395
-------------------------------------------------------------------------
Shareholders' equity
Share capital (note 6) 68,168,993 68,099,993
Contributed surplus 8,030,183 7,596,686
Share purchase warrants (note 6) - 13,687
Deficit (63,889,825) (65,128,008)
Accumulated other comprehensive income:
Cumulative translation adjustment (1,520,721) (1,520,721)
-------------------------------------------------------------------------
Total shareholders' equity 10,788,630 9,061,637
-------------------------------------------------------------------------
Total liabilities and shareholders' equity 11,172,543 12,388,032
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Diversinet Corp.
CONSOLIDATED STATEMENTS OF NET INCOME (LOSS)
AND DEFICIT AND COMPREHENSIVE NET INCOME (LOSS)
(in United States dollars)
(Unaudited)
Three months ended June 30 Six months ended June 30
2009 2008 2009 2008
$ $ $ $
-------------------------------------------------------------------------
Revenues 1,944,683 564,709 3,954,958 906,304
Cost of revenues 42,491 68,760 84,428 150,823
-------------------------------------------------------------------------
Gross margin 1,902,192 495,949 3,870,530 755,481
Expenses
Research and
development 689,483 715,048 1,346,959 1,343,071
Sales and
marketing 379,198 486,344 758,717 896,301
General and
administrative 472,904 525,411 912,384 971,866
Depreciation and
amortization 18,799 26,494 36,631 52,040
-------------------------------------------------------------------------
1,560,384 1,753,297 3,054,691 3,263,278
-------------------------------------------------------------------------
Income (loss)
before the
following 341,808 (1,257,348) 815,839 (2,507,797)
Foreign exchange
gain 706,820 15,101 383,778 36,502
Interest income 7,133 37,735 38,566 108,142
-------------------------------------------------------------------------
Net income (loss)
for the period
and comprehensive
net income (loss) 1,055,761 (1,204,512) 1,238,183 (2,363,153)
-------------------------------------------------------------------------
Deficit, beginning
of period (64,945,586) (64,337,316) (65,128,008) (63,178,675)
Net income (loss)
for the period 1,055,761 (1,204,512) 1,238,183 (2,363,153)
-------------------------------------------------------------------------
Deficit, end
of period (63,889,825) (65,541,828) (63,889,825) (65,541,828)
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Basic and diluted
earnings (loss)
per share 0.02 (0.03) 0.03 (0.05)
Weighted average
basic common
shares
outstanding 47,106,935 43,242,783 47,069,642 43,242,783
Weighted average
fully diluted
common shares
outstanding
(note 7) 47,221,687 43,242,783 47,106,527 43,242,783
Diversinet Corp.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in United States dollars)
(Unaudited)
Three months ended June 30 Six months ended June 30
2009 2008 2009 2008
$ $ $ $
-------------------------------------------------------------------------
OPERATING
ACTIVITIES
Net income (loss)
for the period 1,055,761 (1,204,512) 1,238,183 (2,363,153)
Add (deduct) items
not requiring an
outlay of cash:
Depreciation and
amortization 18,799 26,494 36,631 52,040
Foreign exchange
(gain) loss (646,724) (15,334) (343,577) (6,591)
Stock-based
compensation
expense
(note 6(c)) 240,665 277,815 488,810 479,469
-------------------------------------------------------------------------
668,501 (915,537) 1,420,047 (1,838,235)
Changes in non-cash
working capital:
Accounts
receivable (168,987) - (217,307) 122,687
Prepaid expenses (1,183) 11,306 15,317 20,319
Accounts payable 37,497 83,099 9,537 29,943
Accrued
liabilities (28,680) 68,080 (341,496) (523,735)
Deferred revenue (1,185,834) 34,942 (2,610,523) (59,027)
-------------------------------------------------------------------------
Cash used in
operations (678,686) (718,109) (1,724,425) (2,248,048)
-------------------------------------------------------------------------
-------------------------------------------------------------------------
FINANCING
ACTIVITIES
Issue of common
shares on exercise
of warrants
for cash - 1,725,000 - 1,725,000
-------------------------------------------------------------------------
Cash provided by
financing
activities - 1,725,000 - 1,725,000
-------------------------------------------------------------------------
-------------------------------------------------------------------------
INVESTING
ACTIVITIES
Purchase of
property and
equipment (15,463) (12,631) (23,112) (13,915)
-------------------------------------------------------------------------
Cash used in
investing
activities (15,463) (12,631) (23,112) (13,915)
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Foreign exchange
gain on cash
held in foreign
currency 646,724 15,334 343,577 36,502
Net change in cash
and cash
equivalents during
the period (47,425) 1,009,593 (1,403,960) (530,372)
Cash and cash
equivalents,
beginning of
the period 10,718,887 6,854,321 12,075,422 8,394,286
-------------------------------------------------------------------------
Cash and cash
equivalents,
end of
the period 10,671,462 7,863,914 10,671,462 7,863,914
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Supplemental cash
flow information:
Interest
received 7,133 37,735 38,566 108,142
Supplemental
disclosure
relating to
non-cash
financing and
investing
activities:
Issuance of
shares to
employees
(note 6(a)) 41,250 42,000 69,000 71,499
-------------------------------------------------------------------------
Cash and cash
equivalents is
comprised of:
Cash 646,657 2,356,432
Cash equivalents 10,024,805 5,507,482
-------------------------------------------------------------------------
-------------------------------------------------------------------------
10,671,462 7,863,914
-------------------------------------------------------------------------
Diversinet Corp.
CONTACT: Diversinet Corp., David Hackett, Chief Financial Officer, (416) 756-2324 ext. 275, dhackett@diversinet.com
UTStarcom to Host Conference Call to Discuss Second Quarter 2009 Financial Results on August 6, 2009
ALAMEDA, Calif., July 31 /PRNewswire-FirstCall/ -- UTStarcom, Inc. today announced that it will host a conference call to discuss the company's financial results for the second quarter of 2009 after the market close on Thursday, August 6, 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051013/SFTH063LOGO)
The call will take place at 2:00 p.m. (PT) / 5:00 p.m. (ET) on August 6, 2009. The conference call dial-in numbers are as follows: United States -- 888-889-1058; International - 706-634-2327. The conference ID number is 1922-7660.
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 Access Code is 1922-7660.
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. The company was founded in 1991 and is headquartered in Alameda, California. For more information about UTStarcom, visit the company's Web site at http://www.utstar.com/.
Copyright (C) 2009 PR Newswire. All rights reserved
Photo: http://www.newscom.com/cgi-bin/prnh/20051013/SFTH063LOGO http://photoarchive.ap.org/ photodesk@prnewswire.com
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/
Dow Corning Reports Sales and Profits for the Second Quarter of 2009
MIDLAND, Mich., July 31 /PRNewswire-FirstCall/ -- Dow Corning Corp. today reported consolidated adjusted net income of $115.5 million for the second quarter of 2009, a decrease of 38 percent from net income of $187.7 million reported in the second quarter of 2008. For the first half of 2009, adjusted net income was $182.2 million, a decline of 48 percent from net income of $348.1 million reported in the first half of last year. The 2009 adjusted net income excluded restructuring charges. The 2008 results were not adjusted for any unusual items. Including all items, Dow Corning reported consolidated net income of $115.4 million for the second quarter and $124.8 million for the first half of 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081030/CLTH022LOGO)
Sales were $1.19 billion in the second quarter of 2009, 14 percent lower than sales of $1.38 billion in the same quarter of 2008. Sales in the first half of 2009 were $2.22 billion, 17 percent lower than sales of $2.66 billion reported in the first half of 2008.
"While the global economic recession continues to dampen demand for Dow Corning silicone-based products, we did see some improvement in the second quarter," said Dow Corning's Vice President and Chief Financial Officer J. Donald Sheets. "Hemlock Semiconductor Group, which manufactures polysilicon for the solar and semiconductor industries, continues to run at full capacity and sell all of its output."
"In the second quarter, we announced a transformation of our business strategy to help customers to be more efficient, innovative and sustainable," said Sheets. "This includes a significant expansion in Dow Corning's XIAMETER brand - a Web-enabled business for selling standard silicone products at market-driven prices."
About Dow Corning
Dow Corning (http://www.dowcorning.com/) provides performance-enhancing solutions to serve the diverse needs of more than 25,000 customers worldwide. A global leader in silicones, silicon-based technology and innovation, Dow Corning offers more than 7,000 products and services via the company's Dow Corning and XIAMETER brands. Dow Corning is a joint venture equally owned by The Dow Chemical Company and Corning, Incorporated. More than half of Dow Corning's annual sales are outside the United States.
About Hemlock Semiconductor Group
The Hemlock Semiconductor Group (Hemlock Semiconductor) is comprised of two joint ventures: Hemlock Semiconductor Corporation and Hemlock Semiconductor, L.L.C. The companies are joint ventures among Dow Corning Corporation, Shin-Etsu Handotai, and Mitsubishi Materials Corporation. Hemlock Semiconductor is a leading provider of polycrystalline silicon and other silicon-based products used in the manufacturing of semiconductor devices, and solar cells and modules. Hemlock Semiconductor began its Michigan operations in 1961 and broke ground at its Tennessee location in 2009.
Dow Corning Corporation
Selected Financial Information
(in millions of U.S. dollars)
(Unaudited)
Consolidated Income Statement Data
Three Months Ended Six Months Ended
June 30, June 30,
2009 2008 2009 2008
---- ---- ---- ----
Net Sales $1,191.3 $1,384.1 $2,215.9 $2,659.1
Net Income
Attributable to
Dow Corning $115.4 $187.7 $124.8 $348.1
Adjustment for
Restructuring (1), net $0.1 $- $57.4 $-
---- -- ----- --
Adjusted Net Income (2) $115.5 $187.7 $182.2 $348.1
(1) The six months ended June 30, 2009 included charges related to the
Company's restructuring program.
(2) Adjusted Net Income is a non-GAAP financial measure which excludes
certain unusual items and which reconciles to Net Income as shown.
Consolidated Balance Sheet Data
June 30, 2009 December 31, 2008
------------- -----------------
Assets
Current Assets $2,584.4 $3,212.6
Property, Plant and
Equipment, Net 4,342.0 3,755.9
Other Assets 2,204.1 2,253.7
------- -------
$9,130.5 $9,222.2
======== ========
Liabilities and Stockholders' Equity
Current Liabilities $1,786.0 $2,007.8
Other Liabilities 4,948.5 4,475.0
Equity 2,396.0 2,739.4
------- -------
$9,130.5 $9,222.2
======== ========
Photo: http://www.newscom.com/cgi-bin/prnh/20081030/CLTH022LOGO
Dow Corning Corp.
CONTACT: Jarrod Erpelding, Dow Corning, +1-989-496-1582, Jarrod.Erpelding@dowcorning.com
Web Site: http://www.dowcorning.com/
ASAT Holdings Limited Announces Additional Forbearance Period Through August 30, 2009
HONG KONG, DONGGUAN, China and MILPITAS, Calif., July 31
/PRNewswire-FirstCall/ -- ASAT Holdings Limited (BULLETIN BOARD: ASTTY) (the "Company"), a global provider of semiconductor package design, assembly and test services, today announced it has received an Extension of Forbearance Period under the Forbearance Agreements dated as of March 2, 2009 (the 'Forbearance Agreements') with certain of the Noteholders under the 9.25% Senior Notes due 2011 issued by New ASAT (Finance) Limited (the "Notes") and the lenders (the 'PMLA Lenders') under the Purchase Money Loan Facility (the 'PMLA'). The extended duration of the Forbearance Agreements is for an additional period of 30 consecutive days, commencing on July 31, 2009 and expiring on August 30, 2009 ("Additional Forbearance Period"). The same terms and conditions of the original Forbearance Period will stay in effect for the Additional Forbearance Period, except that the definition of 'Specified Defaults' has been expanded to include the failures to pay interest on the Notes on August 1, 2009 and to pay interest on the PMLA on June 30, 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080325/AQTU023LOGO)
Under the terms of the Forbearance Agreements, the Noteholders and PMLA Lenders agree to forbear from exercising their rights and remedies against the Company with respect to certain designated defaults until after August 30, 2009, subject to certain early termination events. For further details regarding the terms of the Forbearance Agreements, see ASAT Holdings' report on Form 6-K dated March 2, 2009 furnished to the Securities and Exchange Commission and available at http://www.sec.gov/.
Rescheduling of Court Date
As previously announced on July 1, 2009 the Company has reached an agreement in principle with a majority of its creditors on the terms of a consensual financial restructuring (the "Restructuring") of the obligations of New ASAT (Finance) Limited under the Notes and the Company under the PMLA.
The restructuring of the Notes will be implemented through a creditor scheme of arrangement in the Cayman Islands courts. The first court hearing, which was originally planned for July 30, 2009, has been rescheduled. The Company has reapplied for a court date in August and will announce the new date once it becomes available.
"With an agreement in principal with the majority of our holders in place we are now working towards getting the scheme approved and sanctioned by the court as quickly as possible," said Kei Hong Chua, chief financial officer of ASAT Holdings Limited.
About ASAT Holdings Limited
ASAT Holdings Limited is a global provider of semiconductor package design, assembly and test services. With 20 years of experience, the Company offers a definitive selection of semiconductor packages and world-class manufacturing lines. ASAT's advanced package portfolio includes standard and high thermal performance ball grid arrays, leadless plastic chip carriers, thin array plastic packages, system-in-package and flip chip. ASAT was the first company to develop moisture sensitive level one capability on standard leaded products. Today, the Company has operations in the United States, Asia and Europe. For more information, visit http://www.asat.com/.
Safe Harbor
This news release contains statements and information that involve risks, uncertainties and assumptions. These statements and information constitute "forward-looking statements" within the meaning of federal securities laws including Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements, including statements regarding expectations regarding the Restructuring, its timing and our continuation as a going concern, involve known and unknown risks, uncertainties, assumptions and other factors that could cause the actual performance, financial condition or results of operations of ASAT Holdings Limited to differ materially from those expressed or implied in any forward-looking statement. Investors are cautioned that actual events and results could differ materially from those contained in these statements as a result of a variety of factors, including: whether the ability of the Company and its shareholders, noteholders, and other lenders to agree to and effectively implement a debt restructuring plan that will materially improve its capital structure and financial flexibility in a timely manner or at all; the risk that the Company may not be able to continue as a going concern if such a plan is not so implemented and that its operations may be materially adversely affected during or after its discussions with noteholders if, for example, its customers and/or suppliers determine that the Company presents credit or supply risks; the Company's ability to maintain and enhance its operational metrics on an ongoing basis; the risk that the Company will not be able to obtain adequate future funding for its operations and to service its outstanding debt obligations (including, without limitation, its payments obligations under its 9.25% Senior Notes), particularly in light of the current global economic downturn and credit crisis; the Company's dependence on the highly cyclical semiconductor market; acceptance and demand for the Company's products and services; and those risks, uncertainties, assumptions and other factors stated in the section entitled "Risk Factors" in our Annual Report on Form 20-F filed with the United States Securities and Exchange Commission on October 30, 2008 and the section entitled "Risk Factors" in our current reports on Form 6-K filed with the United States Securities and Exchange Commission containing quarterly financial information. The forward-looking statements in this release reflect the current beliefs and expectations of the Company as of this date, and the Company undertakes no obligation to update these projections and forward-looking statements to reflect actual results or events or circumstances that occur after the date of this news release.
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ASAT Holdings Limited
CONTACT: Jim Fanucchi, Summit IR Group Inc., +1-408-404-5400, ir@asat.com, for ASAT Holdings Limited
Web Site: http://www.asat.com/
Photo: PR Newswire Acquires Leading Online News Room Hosting Company, The Fuel Team
NEW YORK, July 31 /PRNewswire/ -- PR Newswire today announced the acquisition of The Fuel Team, a Denver-based website software company whose award-winning technology has powered PR Newswire's online newsroom and investor room tools since the two companies entered into a strategic partnership in 2004.
To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/prnewswire/39408/
(Photo: http://www.newscom.com/cgi-bin/prnh/20090731/NY54945 )
(Logo: http://www.newscom.com/cgi-bin/prnh/20000306/PRNLOGO )
Today, hundreds of small, medium and large organizations including Bank of America, AON, Dow Jones Enterprise, and Siemens, among others, use PR Newswire's MediaRoom to engage their audiences online, making it one of the most widely used media relations website hosting tools in the communications industry. In 2008, the partnership also extended to the creation of IR Room, an investor relations focused web-based engagement tool, built upon the same technology as MediaRoom.
The Fuel Team co-founders Dee Rambeau, Karen Meyer and Jason Keller will join PR Newswire. They will assume responsibility for enhancing the core public relations and investor relations website products, extending the technology to attract new customer bases and engage new audiences, and identifying additional ways to leverage the platform to enhance other PR Newswire products such as MultiVu's Digital Center, a multimedia archival and content management system also built upon The Fuel Team's robust technology. The remainder of The Fuel Team staff will also have the opportunity to join PR Newswire.
"The acquisition of The Fuel Team is a natural extension of our business," said Ninan Chacko, chief executive officer, PR Newswire. "PR Newswire is committed to investing in partnerships or acquisitions of best-of-breed businesses, and today's acquisition represents the next step in a very successful partnership."
Chacko continued, "The Fuel Team has spent eight years building out their proprietary content management technology and becoming experts in online audience engagement practices. When we partnered together to bring this technology to public relations professionals in 2004, it marked the first time that professional communicators had access to an integrated offering that both pushed their messages out to their audiences via the wire and gave them full control over how they engaged with their audience online and in real-time. We've made significant enhancements to the technology since then -- adding search engine optimization tools, social media capabilities, interactive features and more -- and this acquisition will enable us to put even more resources behind building out this technology to help communications professionals further engage their key audiences online."
"When we built the technology powering MediaRoom and IR Room, we knew we were filling an immediate need in the communications industry for an easy-to-use, non-technical content management system," said Jason Keller, co-founder, The Fuel Team. "This technology gave PR and IR professionals the ability to leverage the Internet as a communications tool much more nimbly. Our partnership with PR Newswire gave us a platform to introduce the technology to the greater PR and IR community, and now, with this acquisition, we can take it even further."
In addition to the MediaRoom and IR Room tools, The Fuel Team's technology also powers websites for CSR (corporate social responsibility) initiatives, non-profit organizations and physicians/hospitals.
If you are interested in learning more about PR Newswire's MediaRoom or IR Room tools, please contact us.
About PR Newswire
PR Newswire is the global leader in innovative communications and marketing services, enabling organizations to connect and engage with their target audiences worldwide.
Through its multi-channel distribution network, audience intelligence, targeting, and measurement services, PR Newswire helps corporations and organizations conduct rich, timely and dynamic dialogues with the media, consumers, policymakers, investors and the general public, in support of building brands, generating awareness, impacting public policy, driving sales, and raising capital.
Pioneering the commercial news distribution industry 55 years ago, PR Newswire connects customers with audiences in more than 170 countries and in over 40 languages through an unparalleled network of offices in 16 countries across North and South America, Europe, Asia, and the Middle East, and via unique affiliations with the leading news agencies across the globe. PR Newswire is a subsidiary of United Business Media Limited (UBM.L), a leading global business media company that serves professional commercial communities around the world. For more information, go to http://www.ubm.com/.
Media Contact:
Rachel Meranus
Vice President, Public Relations
PR Newswire
+1.201.360.6776
rachel.meranus@prnewswire.com
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PR Newswire Association LLC
CONTACT: Rachel Meranus, Vice President, Public Relations, PR Newswire, +1-201-360-6776, or rachel.meranus@prnewswire.com
Web Site: http://www.prnewswire.com/
Gaiam, Inc. to Announce Second Quarter 2009 ResultsConference Call to be held on Wednesday, August 5, 2009
BOULDER, Colo., July 31 /PRNewswire-FirstCall/ -- Gaiam, Inc. , a lifestyle media company providing information, media, products and services to customers who value personal development, wellness, ecological lifestyles, responsible media and conscious community, will announce results for the second quarter ended June 30, 2009 at close of the market on Wednesday, August 5, 2009.
The Company will hold a teleconference to discuss these results with additional comments and details. Participating in the call will be Jirka Rysavy, Chairman; Lynn Powers, Chief Executive Officer & President; Vilia Valentine, Chief Financial Officer; and Carole Buyers, VP Corporate Finance and Investor Relations.
The conference call is scheduled to begin at 2:30 p.m. MDT (4:30 p.m. EDT) on August 5, 2009. Participants may access the call by dialing (800) 619-0355 (domestic) or (212) 547-0278 (international), passcode GAIAM.
For more information about Gaiam, please visit http://www.gaiam.com/, or call 1-800-869-3603. This press release includes forward-looking statements relating to matters that are not historical facts. Forward looking statements may be identified by the use of words such as "expect," "intend," "believe," "will," "should" or comparable terminology or by discussions of strategy. While Gaiam believes its assumptions and expectations underlying forward-looking statements are reasonable, there can be no assurance that actual results will not be materially different. Risks and uncertainties that could cause materially different results include, among others, introduction of new products and services, completion and integration of acquisitions, the possibility of negative economic conditions, and other risks and uncertainties included in Gaiam's filings with the Securities and Exchange Commission. Gaiam assumes no duty to update any forward-looking statements.
Gaiam, Inc.
CONTACT: Carole Buyers, VP Corporate Finance and Investor Relations of Gaiam, Inc., +1-303-222-3808, carole.buyers@gaiam.com; or John Mills, Senior Managing Director of ICR, +1-310-954-1105, jmills@icrinc.com, for Gaiam, Inc.
Web Site: http://www.gaiam.com/
Diguang International Presents LED Products at Government-sponsored Press Conference
SHENZHEN, China, July 31 /PRNewswire-Asia-FirstCall/ -- Diguang International Development Co., Ltd. (BULLETIN BOARD: DGNG) ("Diguang" or the "Company") today announced that a press conference was held exclusively for Diguang to introduce its LED display products at the Yangzhou New Light Public Service Center in Yangzhou, Jiangsu province on July 20, 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070830/CNTH005LOGO )
At the press conference sponsored by the Yangzhou Government, Diguang's CEO, Mr. Song Yi, presented the Company's ultra-slim LED products developed using its proprietary technologies, including the Company's ultra-slim LED monitors and televisions, all-in-one computers, and LED energy-saving lights. The Company also promoted the trendy look, energy saving, radiation free and environmentally friendly characteristics of its LED products. Government officials including the Secretary of Yangzhou Municipal Committee of CPC, the mayors of Yangzhou City and other governmental officials attended the event along with major newspaper, online and television media outlets. To view the press conference, please visit: http://www.diguangintl.com/Yangzhou-photos.jsp
A report by a China Yangzhou News reporter who attended the press conference mentioned that "Diguang's LED display devices have a trendy look, provide energy savings, are radiation free and environmentally friendly. Its LED display devices hold a leading position within domestic display device market, especially in terms of their ultra-slim technology. Diguang's LED displays have a thickness of only 11.8 millimeters and its televisions are an only 15-18 millimeters." To read the original report, please visit: http://jsnews.jschina.com.cn/yz/200907/t121476.shtml .
A reporter from Xinhua News attending the press conference highlighted the key benefits of Diguang's LED devices in his report, noting "Diguang's monitors measure only 13.3 millimeters thin, the all-in-one computers weigh only 2.5 kilograms, and its radiation free and energy-saving LED lighting saves 50% in power consumption." To read the original report, please visit: http://js.xhby.net/system/2009/07/21/010549989.shtml .
The Company also noted that its LED products have received coverage in major IT media outlets in the recent months, including ZOL.com, FPDisplay.com, Shenzhen Economic Daily, yesky.com, pcpop.com, PCOnline, PCHome, and MicroComputer Magazine. It has gained high reputation and great interests from the public, and also the positive feedback from the Computer & Television industry. To view Diguang's products featured in these IT media outlets, please visit: http://www.diguangintl.com/ZOL-photos.jsp
About Diguang International Development Co., Ltd.
Through its subsidiaries, Diguang International develops and produces CCFL and LED backlights for a wide range of TFT-LCD products. A backlight is the typical light source of a liquid crystal display (LCD), with applications spanning televisions, computer monitors, cellular phones, digital cameras, DVDs and other home appliances. Leveraging its LED expertise, the Company also creates and markets energy-saving technologies and solutions for rapidly growing markets such as LED backlight monitors and LED general lighting. For more information, contact CCG Investor Relations directly or go to Diguang's website at http://www.diguangintl.com/ .
Safe Harbor Statements
This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Diguang's management and are subject to risks and uncertainties, which could cause actual results to differ from the forward- looking statements. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: government support of LED products, prospective success of new and existing products, business conditions in China and globally; weather and natural disasters; legislative or regulatory environments, requirements or changes adversely affecting the businesses in which Diguang is engaged; fluctuations in customer demand; management of rapid growth; intensity of competition; timing approval and market acceptance of new product introductions; general economic conditions; geopolitical events and regulatory changes, as well as other relevant risks, including but not limited to risks outlined in the Company's periodic filings with the U.S. Securities and Exchange Commission. Diguang does not assume any obligation to update the information contained in this press release.
For more information, please contact:
Company Contact:
Viola Tse
Diguang International Development Co., Ltd.
Email: viola@diguang.com
Tel: +1-626-593-5486
Investor Relations Contact:
Elaine Ketchmere, Partner
CCG Investor Relations
Email: Elaine.ketchmere@ccgir.com
Tel: +1-310-954-1345
Web: http://www.ccgirasia.com/
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070830/CNTH005LOGO PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840
Diguang International Development Co., Ltd.
CONTACT: Company Contact: Viola Tse of Diguang International Development Co., Ltd. at +1-626-593-5486 or viola@diguang.com; Or Investor Relations Contact: Elaine Ketchmere, Partner, CCG Investor Relations at +1-310-954-1345 or Elaine.ketchmere@ccgir.com
Web site: http://www.diguangintl.com/ http://www.diguangintl.com/ZOL-photos.jsp http://www.diguangintl.com/Yangzhou-photos.jsp http://jsnews.jschina.com.cn/yz/200907/t121476.shtml http://js.xhby.net/system/2009/07/21/010549989.shtml
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