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Companies news of 2011-02-10 (page 1)

  • ISG Acquires STA Consulting, a Premier IT Consulting Firm Serving the Public SectorAdvises...
  • Move, Inc. Announces Fourth Quarter 2010 Financial ResultsCompany also announces plans to...
  • Ingram Micro Reports Record Net Income and EPS for the 2010 Fiscal YearRecovery Continues...
  • Merriman Capital Acted as Co-manager in On Track Innovations' $18 Million Public Offering...
  • LeapFrog Reports Full Year 2010 Net Sales Increase 14%, Returns to ProfitabilityExpects...
  • Expedia, Inc. Earnings Press Release Available on Company's IR Site
  • RealNetworks Announces Fourth Quarter and Full-Year 2010 Results
  • ATS Corporation Awarded $238M IDIQ Contract from U.S. Army
  • Independent Analyst Firm Declares Teradata 'the Most Scalable, Flexible, Cloud-Capable EDW...
  • Honeywell Sets Date for Annual Shareowner Meeting
  • Safe Communications Agrees in Principle to Merge its Corporate Security Division into...
  • Image Sensing Systems Announces Fourth-Quarter 2010 Earnings Release Date and Conference...
  • Quest Diagnostics and Withings Announce Availability of Integrated WiFi Weight Tracking...
  • eGain Showcases Advances in Telecom Customer Experience Management at MWC 2011- Reveals...
  • CGI to Present at the Goldman Sachs Technology and Internet Conference on February 16 in...
  • Samba Energy Supports Hertz Solar ProgramSamba's SunSpotter Software Rapidly Analyzes...
  • CPI International Stockholders Approve Acquisition of Company by an Affiliate of Veritas...
  • Mind Technologies, Inc. Updates Progress on BCI Headset
  • Samba Energy Supports Hertz Solar ProgramSamba's SunSpotter Software Rapidly Analyzes...
  • National Semiconductor's 12-bit, 3.6 GSPS ADC Awarded Product of the Year by Electronics...
  • UBM Studios Unicruit Announces the Diversity Virtual Career Fair, a Virtual Approach to...
  • SMTC Corporation Moves Up Fourth Quarter and Year End Results
  • Federal IT Services Investment to Grow Amidst Budget CutsInvestment in Health IT...
  • PT Debuts Highest Capacity SEGway(TM) X401e Signalling Solution for Large Carriers...
  • AppTech's Oronoco Telecom Secures a Credit Line of $200,000.00 With Xceed Call Center of...
  • GeoEye Fourth Quarter and Fiscal Year 2010 Earnings Conference Call Announcement--...
  • EMC Veteran Thomas Heiser Appointed President of RSA, the Security Division of EMCIndustry...
  • For multimedia infrastructure applications, Texas Instruments' multicore TMS320C6678 DSP...
  • PT Debuts Highest Capacity SEGway(TM) X401e Signalling Solution for Large Carriers...



    ISG Acquires STA Consulting, a Premier IT Consulting Firm Serving the Public SectorAdvises clients on IT strategic planning and the acquisition, implementation of ERP, other enterprise administrative and management systemsMulti-year engagements add to ISG Recurring Revenue Expansion StrategyPublic Sector now ISG third largest Industry Vertical Behind Manufacturing, Financial Services

    STAMFORD, Conn., Feb. 10, 2011 /PRNewswire/ -- Information Services Group Inc. (ISG) , an industry-leading, information-based services company, today announced the acquisition of STA Consulting (Salvaggio, Teal & Associates) a premier independent information technology advisor serving the public sector.

    STA Consulting advises clients on information technology strategic planning and the acquisition and implementation of new Enterprise Resource Planning (ERP) and other enterprise administrative and management systems.

    The acquisition unites two ISG companies: TPI, the leading sourcing data and advisory firm in the world and Compass, the premier independent provider of business and IT benchmarking and performance improvement, data and analytics services, with STA Consulting.

    "We are pleased to welcome STA Consulting to ISG, immediately expanding our recurring revenue stream with multi-year engagements, strengthening our public sector vertical and increasing our expertise in IT strategic planning, ERP, enterprise administrative systems and project management," said Michael P. Connors, Chairman and CEO of ISG. "As with our recent acquisition of Compass, this combination demonstrates we are executing on our strategy of building ISG into an industry-leading, global information-based services company for the private and public sectors."

    "The public sector is under pressure to become more cost efficient and effective in a difficult environment highlighted by a declining revenue base, outdated IT systems and an aging workforce. We are increasing our capabilities with this acquisition to assist clients further in that effort," continued Mr. Connors.

    Founded in 1997 and managed by partners Mitt Salvaggio, Kirk Teal and Nathan Frey, STA Consulting is based in Austin, Texas with approximately 40 professionals experienced in information systems consulting in public sector areas such as government operations, IT and project management, contract negotiations, financial management, procurement, human resources and payroll. STA Consulting works with such states as Alaska, Kansas, Kentucky, Louisiana, Mississippi and West Virginia. STA Consulting and TPI have worked together in the past on engagements for such states as Georgia and Texas. Additional information can be found at: www.staconsulting.net.

    "STA Consulting is excited to be joining ISG and to partner with an organization that will enable us to provide our clients with a breadth of new services and expanded resources. Our partnership with ISG expands our presence in the public sector as well as provides increased opportunities in the commercial sector," said Mitt A. Salvaggio, Managing Partner of STA Consulting. "ISG is well-known and respected in the global information services industry. And, along with TPI and Compass, we see great synergies and opportunities for our clients to benefit from the world-class best practices, benchmarking and sourcing advisory experience. Our employees will also see increased opportunities for growth."

    Webcast/Conference Call:

    The Company will host a call and webcast with investors and industry analysts today at 5:30 pm Eastern Time. Dial in details are as follows:

    -- Dial in number 1-888-637-7725 for participants in the United States.

    -- International participants call 001-913-312-0695.

    -- Security code to access the call is 3489022.

    Participants are requested to dial in at least five minutes before the scheduled start time.

    Follow THIS link to join the meeting with slides no more than 15 minutes prior to start time. You may click on the link directly, or cut and paste the link into your browser:

    https://www.livemeeting.com/cc/vcc/join?id=w3489022&role=attend&pw=A348902

    If you are having difficulty connecting to the Livemeeting link, please go to the ISG website: www.informationsg.com for further instructions.

    A recording of the conference call will be accessible on the ISG website (www.informationsg.com) for approximately four weeks following the call.

    About Information Services Group, Inc.

    Information Services Group, Inc. (ISG) was founded in 2006 to build an industry-leading, high-growth, information-based services company by acquiring and growing businesses in advisory, data, business and media information services. In November 2007, the company acquired TPI, the leading independent sourcing advisory firm in the world, and in January 2011, it acquired Compass, the premier independent global provider of business and information technology benchmarking, performance improvement, data and analytics services. Based in Stamford, Conn., ISG has a proven leadership team with global experience in information-based services and a track record of creating significant value for shareowners, clients and employees.

    Forward-Looking Statements

    This communication contains "forward-looking statements" which represent the current expectations and beliefs of management of ISG concerning future events and their potential effects. Statements contained herein including words such as "anticipate," "believe," "contemplate," "plan," "estimate," "expect," "intend," "will," "continue," "should," "may," and other similar expressions, are "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future results and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated. Those risks relate to inherent business, economic and competitive uncertainties and contingencies relating to the businesses of ISG and its subsidiaries including without limitation: (1) failure to secure new engagements or loss of important clients; (2) ability to hire and retain enough qualified employees to support operations; (3) ability to maintain or increase billing and utilization rates; (4) management of growth; (5) success of expansion internationally; (6) competition; (7) ability to move the product mix into higher margin businesses; (8) general political and social conditions such as war, political unrest and terrorism; (9) healthcare and benefit cost management; (10) ability to protect ISG and its subsidiaries' intellectual property and the intellectual property of others; (11) currency fluctuations and exchange rate adjustments; (12) ability to successfully consummate or integrate strategic acquisitions; (13) financial condition of various clients in the financial, automotive and transportation sectors which account for significant portions of ISG's revenues and may maintain sizable accounts receivables with ISG; and (14) ability to achieve cost reductions and productivity improvements in any future value creation plans. Certain of these and other applicable risks, cautionary statements and factors that could cause actual results to differ from ISG's forward-looking statements are included in ISG's filings with the U.S. Securities and Exchange Commission. ISG undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances.

    Information Services Group, Inc.

    CONTACT: Press Contact, Barry Holt, +1-203-517-3107,
    bholt@informationsg.com, or Investor Contact, David Berger,
    +1-203-517-3104, dberger@informationsg.com

    Web site: http://www.informationsg.com/




    Move, Inc. Announces Fourth Quarter 2010 Financial ResultsCompany also announces plans to streamline capital structure, including redemption of $70 Million of Series B preferred stock, 1-for-4 reverse stock split, and $25 million stock buyback program

    CAMPBELL, Calif., Feb. 10, 2011 /PRNewswire/ -- Move, Inc. , the leader in online real estate, today reported financial results for the fourth quarter and fiscal year ended December 31, 2010.

    Revenue in the fourth quarter of 2010 was $48.9 million, compared to $49.6 million in the fourth quarter of 2009. Net income applicable to common stockholders, including discontinued operations, was $409,000, or $0.00 per share, compared to a net loss of $4.5 million, or a loss of $0.03 per share in the fourth quarter of 2009. The Company generated $5.0 million of cash from operating activities in the fourth quarter of 2010. Non-GAAP Adjusted EBITDA (earnings from continuing operations before interest, taxes, stock-based compensation and charges, depreciation, amortization and other non-recurring charges) for the fourth quarter of 2010 was $6.3 million, or 13% of revenue, compared to $5.1 million, or 10% of revenue, for the fourth quarter of 2009. Move, Inc. has reported Adjusted EBITDA because management uses it to monitor and assess the Company's performance and believes it is helpful to investors in understanding the Company's business.

    "2010 was a year of tremendous activity at Move, as we took significant steps toward realigning our business to continue and grow our long standing market leadership," said Steve Berkowitz, chief executive officer at Move, Inc. "Move's mission is to connect real estate professionals and consumers to facilitate more real estate transactions. The increased use of the internet and mobile devices in the real estate industry has changed the ways consumers and real estate professionals interact. Move is committed to delivering products and services that meet the market's needs. As we head into 2011, we are focused on serving the complete home-buying cycle with an expanding list of distribution partners and real estate solutions."

    4th Quarter 2010 Highlights:

    --  Market leadership: Move maintained its leading market position, leading
    the industry in unique users and total engagement.  In 2010, on a
    monthly basis, the Move Network attracted an average of 11 million
    unique users(1) who spent on average more than 224 million minutes
    monthly on our network(1).  Visitors to the Move Network viewed nearly
    4.4 billion total pages in 2010, more than the next six competitors
    combined.
    --  MortgageMatch.com:  Launched in December, MortgageMatch.com was
    developed to give first time buyers or refinancing owners the tools they
    need to find and prequalify for the right loan in as little as 10
    minutes. In its first month in operation, MortgageMatch.com's
    state-of-the-art decision engine helped more than 30,000 prospective
    homebuyers know in just a few minutes how much they can afford to borrow
    and what their monthly payments would be based on real rates and loan
    choices for which they qualify.
    --  AOL: Move announced an agreement whereby Move will power the AOL Real
    Estate search experience.  The agreement delivers a powerful ad network
    for agents and advertisers to expand their reach and visibility to
    AOL.com's millions of monthly visitors. The AOL Real Estate experience
    powered by Move will deliver a user experience customized for AOL with
    instant access to accurate property listings, neighborhood and school
    content, and connections to real estate experts. Leveraging Move's
    ListHub network, Move will syndicate millions of listings to AOL Real
    Estate and power the home buyer's search experience.
    --  Mobile Highlights: Move launched the Realtor.com Real Estate Search
    Android and Windows Phone 7 application in November, building on the
    success of Move's Realtor.com iPhone app launched in January.  In 2010,
    the Realtor.com mobile apps have been downloaded over 3 million times
    with hundreds of thousands of consumers connecting directly with real
    estate professionals.
    

    For the full year ended December 31, 2010, Move reported revenue of $197.5 million, compared to $212.0 million in the 2009 fiscal year. Net loss applicable to common stockholders in 2010 was $20.9 million, or a loss of $0.13 per share, compared to a net loss of $12.2 million, or a loss of $0.08 per share in 2009. Move's Adjusted EBITDA (earnings from continuing operations before interest, taxes, stock-based compensation and charges, depreciation, amortization and other non-recurring charges) on a non-GAAP basis for 2010 was $23.1 million, or 12% of revenue, compared to $26.2 million, or 12% of revenue, for 2009.

    Capital Structure

    Move also announced today several actions designed to streamline its capital structure. First, Move announced that it reached agreement with Elevation Partners to redeem $70 million of its Series B preferred stock, leaving approximately $50 million in Series B outstanding with the same terms as before. The Company will take a charge of approximately $1.5 million in the first quarter of 2011 related to the accretion of the discount for the Series B stock redeemed. Second, the Company is proposing a one-for-four reverse stock split, whereby every four shares of Move common stock will be converted into one share. The reverse stock split requires shareholder approval which Move intends to seek at its upcoming annual shareholders meeting. And third, the Company announced that its Board of Directors has authorized a two year, $25 million stock repurchase program. The Board of Directors believes that these measures, taken together, will provide the ability to manage dilution that may occur from stock option exercises or offset dilution caused by the Series B preferred, reduce Move's carrying costs and better align itself with its peers as Move expects to create a more streamlined capital structure with reduced overhang. Under the stock repurchase program, Move may purchase stock in the open market and privately negotiated transactions, at times and in such amounts as management deems appropriate. Move is not obligated to repurchase any specific number of shares under the program and it may be limited or terminated at any time without prior notice.

    Business Outlook

    Move today provided guidance for the quarter ending March 31, 2011. For the quarter ending March 31, 2011, Move expects revenue to range between approximately $48.0 million and $49.0 million and expects to report Adjusted EBITDA margin of approximately 11%.

    Move today provided guidance for the year ending December 31, 2011. For the year ending December 31, 2011, Move expects revenue to range between $200 million and $205 million and expects to report Adjusted EBITDA margin of approximately 13%-14% percent.

    Conference Call

    As previously announced, Move, Inc. will host a conference call, which will be broadcast live over the Internet today, Thursday, February 10, 2011, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). In order to participate in the call, please dial (877) 312-5848, or if outside the U.S., (253) 237-1155, at least five minutes prior to the 1:30 p.m. PT start time. A live webcast and replay of the call will also be available at http://investor.move.com under the Events & Presentations menu. An audio replay will be available between 7:30 p.m. ET, February 10, 2011, and 11:59 p.m. ET, February 25, 2011, by calling (800) 642-1687, or (706) 645-9291, with passcode 38520820.

    For additional information regarding the Company's results, please go to the "SEC Filings" section at http://investor.move.com to view our annual report as filed on March 5, 2010 with the Securities and Exchange Commission on Form 10-K for the year ended December 31, 2009. Move's Form 10-K for the year ended December 31, 2010 is expected to be filed with the Securities and Exchange Commission on, or before, February 18, 2011.

    Use of Non-GAAP Financial Measures

    To supplement its consolidated financial statements presented in accordance with generally accepted accounting principles in the United States ("GAAP"), Move uses a non-GAAP measure of income (loss) from continuing operations excluding interest income, net, income tax expense (benefit), impairment of auction rate securities, litigation settlement charges and restructuring charges and certain other non-cash and non-recurring items, principally depreciation, amortization and stock-based compensation and other charges, which is referred to as Adjusted EBITDA. The Company has also presented a non-GAAP table of Financial Data for the three and twelve month periods ended December 31, 2010 and 2009 that extracts stock-based compensation under ASC Topic 718 "Compensation - Stock Compensation." A reconciliation of these non-GAAP measures to GAAP is provided in the attached tables. These non-GAAP adjustments are provided to enhance the user's overall understanding of Move's current financial performance and its prospects for the future and should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. These non-GAAP measures are the primary basis management uses for planning and forecasting its future operations. Move believes these non-GAAP results provide useful information to both management and investors by excluding certain expenses that it believes are not indicative of its core operating results and a more consistent basis for comparison between quarters and should be carefully evaluated.

    This press release may contain forward-looking statements, including information about management's view of Move's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move's future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.

    ABOUT MOVE, INC.

    Move, Inc. is the leader in online real estate with 12.1 million(1) monthly visitors to its online network of websites. Move, Inc. operates: Move.com, a leading destination for information on new homes and rental listings, moving, home and garden and home finance; REALTOR.com(R), the official website of the National Association of REALTORS(R); MortgageMatch.com, Moving.com; SeniorHousingNet; ListHub; and TOP PRODUCER Systems. Move, Inc. is based in Campbell, California.

    (1) comScore Media Metrics, December 2010

    MOVE, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts)

    Three Months Ended December 31, ---------------------------- 2010 2009 ---- ---- (unaudited) Revenue $48,913 $49,638 Cost of revenue (1) 10,337 11,033 ------ ------ Gross profit 38,576 38,605 ------ ------ Operating expenses: (1) Sales and marketing 17,902 17,126 Product and web site development 8,803 7,374 General and administrative 10,291 13,717 Amortization of intangible assets 348 107 Litigation settlement - 3,888 Restructuring charges - - --- --- Total operating expenses 37,344 42,212 ------ ------ Operating income (loss) from continuing operations 1,232 (3,607) Interest income, net 143 119 Earnings of unconsolidated joint venture 376 149 Impairment of auction rate securities - - Other income (expense), net 177 8 --- --- Income (loss) from continuing operations before income taxes 1,928 (3,331) Income tax expense (benefit) 160 (190) --- ---- Income (loss) from continuing operations 1,768 (3,141) Loss from discontinued operations - (41) Gain on disposition of discontinued operations - - --- --- Net income (loss) 1,768 (3,182) Convertible preferred stock dividend and related accretion (1,359) (1,324) ------ ------ Net income (loss) applicable to common stockholders $409 $(4,506) ==== ======= Basic net income (loss) per share applicable to common stockholders: Continuing operations $0.00 $(0.03) Discontinued operations - (0.00) --- ----- Basic net income (loss) per share applicable to common stockholders: $0.00 $(0.03) ===== ====== Diluted net income (loss) per share applicable to common stockholders Continuing operations $0.00 $(0.03) Discontinued operations - (0.00) --- ----- Diluted net income (loss) per share applicable to common stockholders $0.00 $(0.03) ===== ====== Shares used in calculation of net income (loss) per share applicable to common stockholders: Basic 157,192 154,053 ======= ======= Diluted 163,270 154,053 ======= ======= (1) Includes stock-based compensation as follows: Cost of revenue $39 $44 Sales and marketing 358 387 Product and web site development 373 194 General and administrative 736 1,299 --- ----- $1,506 $1,924 ====== ======

    Twelve Months Ended December 31, ------------------- 2010 2009 ---- ---- Revenue $197,503 $212,009 Cost of revenue (1) 43,119 48,498 Gross profit 154,384 163,511 ------- ------- Operating expenses: (1) Sales and marketing 73,737 78,062 Product and web site development 34,320 27,832 General and administrative 42,657 64,944 Amortization of intangible assets 696 473 Litigation settlement - 4,863 Restructuring charges - (1,192) Total operating expenses 151,410 174,982 ------- ------- Operating income (loss) from continuing operations 2,974 (11,471) Interest income, net 910 847 Earnings of unconsolidated joint venture 1,017 149 Impairment of auction rate securities (19,559) - Other income (expense), net (967) 1,749 ---- ----- Income (loss) from continuing operations before income taxes (15,625) (8,726) Income tax expense (benefit) (153) 37 ---- --- Income (loss) from continuing operations (15,472) (8,763) Loss from discontinued operations - (486) Gain on disposition of discontinued operations - 2,303 --- ----- Net income (loss) (15,472) (6,946) Convertible preferred stock dividend and related accretion (5,383) (5,244) Net income (loss) applicable to common stockholders $(20,855) $(12,190) ======== ======== Basic net income (loss) per share applicable to common stockholders: Continuing operations $(0.13) $(0.09) Discontinued operations - 0.01 --- ---- Basic net income (loss) per share applicable to common stockholders: $(0.13) $(0.08) ====== ====== Diluted net income (loss) per share applicable to common stockholders Continuing operations $(0.13) $(0.09) Discontinued operations - 0.01 --- ---- Diluted net income (loss) per share applicable to common stockholders $(0.13) $(0.08) ====== ====== Shares used in calculation of net income (loss) per share applicable to common stockholders: Basic 155,520 153,369 ======= ======= Diluted 155,520 153,369 ======= ======= (1) Includes stock-based compensation as follows: Cost of revenue $175 $181 Sales and marketing 1,598 1,736 Product and web site development 1,616 687 General and administrative 3,528 14,590 ----- ------ $6,917 $17,194 ====== =======

    MOVE, INC. CONSOLIDATED BALANCE SHEETS (in thousands)

    December December 31, 31, 2010 2009 ---- ---- ASSETS Current assets: Cash and cash equivalents $158,517 $106,847 Accounts receivable, net 9,680 10,782 Other current assets 7,621 12,101 Total current assets 175,818 129,730 Property and equipment, net 21,934 21,139 Long-term investments - 111,800 Investment in unconsolidated joint venture 7,165 6,649 Goodwill, net 24,450 16,969 Intangible assets, net 8,324 3,460 Other assets 1,327 1,548 ----- ----- Total assets $239,018 $291,295 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $6,403 $5,545 Accrued expenses 16,281 18,335 Deferred revenue 13,696 15,951 Line of credit - 64,630 Total current liabilities 36,380 104,461 Other non-current liabilities 3,300 1,096 Total liabilities 39,680 105,557 Series B convertible preferred stock 116,564 111,541 Stockholders' equity: Series A convertible preferred stock - - Common stock 159 156 Additional paid-in capital 2,124,554 2,112,613 Accumulated other comprehensive income 372 (17,116) Accumulated deficit (2,042,311) (2,021,456) ---------- ---------- Total stockholders' equity 82,774 74,197 ------ ------ Total liabilities and stockholders' equity $239,018 $291,295 ======== ========

    MOVE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands)

    Twelve Months Ended December 31, ------------------- 2010 2009 ---- ---- Cash flows from continuing operating activities: Net Loss $(15,472) $(6,946) Adjustments to reconcile net loss to net cash provided by continuing operating activities: Loss from discontinued operations - 486 Gain on disposition of discontinued operations - (2,303) Depreciation 10,077 10,494 Amortization of intangible assets 696 473 Provision for doubtful accounts 80 1,298 Stock-based compensation and charges 7,290 17,602 Impairment of auction rate securities 19,559 - Gain on sales and disposals of assets - (1,185) Earnings of unconsolidated joint venture (1,017) (149) Change in market value of embedded derivative liability - (600) Other non-cash items (210) (171) Changes in operating assets and liabilities, net of acquisitions and discontinued operations: Accounts receivable 1,316 702 Other assets 3,254 26 Accounts payable and accrued expenses (386) (2,016) Deferred revenue (2,490) (8,059) ------ ------ Net cash provided by continuing operating activities 22,697 9,652 Net cash used in discontinued operating activities - (1,894) Net cash provided by operating activities 22,697 7,758 ------ ----- Cash flows from investing activities: Purchases of property and equipment (10,732) (9,608) Acquisitions, net of cash acquired (12,371) - Investments in joint ventures (499) (6,500) Proceeds from the sale of auction rate securities 109,841 - Principal payments on notes receivable 1,000 - Distribution of earnings from unconsolidated joint venture 1,000 Proceeds from the sale of marketable equity securities 14 - Proceeds from sale of assets - 1,370 Net cash provided by (used in) continuing investing activities 88,253 (14,738) Net cash provided by discontinued operations - 1,739 Net cash provided by (used in) investing activities 88,253 (12,999) ------ ------- Cash flows from financing activities: Proceeds from exercise of stock options 4,752 1,879 Gross proceeds from line of credit 64,700 - Restricted cash 462 2,747 Proceeds from loan payable 316 - Gross principal payments on line of credit (129,330) (70) Payments on capital lease obligations - (339) Tax payment related to net share settlements of restricted stock awards (98) (1,064) Principal payments on loan payable (82) - Net cash (used in) provided by financing activities (59,280) 3,153 ------- ----- Change in cash and cash equivalents 51,670 (2,088) Cash and cash equivalents, beginning of period 106,847 108,935 ------- ------- Cash and cash equivalents, end of period $158,517 $106,847 ======== ========

    MOVE, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURE INCOME (LOSS) FROM CONTINUING OPERATIONS EXCLUDING INTEREST INCOME, INCOME TAX EXPENSE (BENEFIT), STOCK-BASED COMPENSATION AND CHARGES, DEPRECIATION, AMORTIZATION, IMPAIRMENT OF AUCTION RATE SECURITIES, LITIGATION SETTLEMENT CHARGES, RESTRUCTURING CHARGES AND NON- RECURRING SEVERANCE COSTS (ADJUSTED EBITDA) (in thousands)

    Three Months Ended December 31, ------------------ 2010 2009 ---- ---- (unaudited) Income (loss) from continuing operations $1,768 $(3,141) Plus: Interest income, net (143) (119) Income tax expense (benefit) 160 (190) Stock-based compensation 1,506 1,924 Stock-based charges 19 31 Depreciation 2,440 2,641 Amortization of intangible assets, including unconsolidated joint venture 546 107 Impairment of auction rate securities - - Loss on sale of auction rate securities - - Litigation settlement - 3,888 Restructuring charges - - Non-recurring severance costs - - Adjusted EBITDA $6,296 $5,141 ====== ======

    Twelve Months Ended December 31, ------------------- 2010 2009 ---- ---- (unaudited) Income (loss) from continuing operations $(15,472) $(8,763) Plus: Interest income, net (910) (847) Income tax expense (benefit) (153) 37 Stock-based compensation 6,917 17,194 Stock-based charges 373 408 Depreciation 10,077 10,494 Amortization of intangible assets, including unconsolidated joint venture 1,570 473 Impairment of auction rate securities 19,559 - Loss on sale of auction rate securities 1,098 - Litigation settlement - 4,863 Restructuring charges - (1,192) Non-recurring severance costs - 3,490 Adjusted EBITDA $23,059 $26,157 ======= =======

    MOVE, INC. OPERATING RESULTS NET OF STOCK-BASED COMPENSATION EXPENSE (in thousands)

    Three Months Ended December 31, 2010 ----------------- (unaudited) Stock- Excluding As based Stock-Based Reported Compensation Compensation --------- ------------- ------------ Revenue $48,913 $ - $48,913 Cost of revenue 10,337 (39) 10,298 ------ --- ------ Gross profit 38,576 39 38,615 Sales and marketing 17,902 (358) 17,544 Product and web site development 8,803 (373) 8,430 General and administrative 10,291 (736) 9,555 Amortization of intangibles 348 - 348 Total operating expenses 37,344 (1,467) 35,877 ------ ------ ------ Operating income from continuing operations $1,232 $1,506 $2,738 ====== ====== ====== Three Months Ended December 31, 2009 ----------------- (unaudited) Stock- Excluding As based Stock-Based Reported Compensation Compensation --------- ------------- ------------ Revenue $49,638 $ - $49,638 Cost of revenue 11,033 (44) 10,989 ------ --- ------ Gross profit 38,605 44 38,649 Sales and marketing 17,126 (387) 16,739 Product and web site development 7,374 (194) 7,180 General and administrative 13,717 (1,299) 12,418 Amortization of intangibles 107 - 107 Litigation settlement 3,888 - 3,888 Total operating expenses 42,212 (1,880) 40,332 ------ ------ ------ Operating income (loss) from continuing operations $(3,607) $1,924 $(1,683) ======= ====== =======

    MOVE, INC. OPERATING RESULTS NET OF STOCK-BASED COMPENSATION EXPENSE (in thousands)

    Twelve Months Ended December 31, 2010 ----------------- (unaudited) Excluding Stock- Stock- As based Based Reported Compensation Compensation --------- ------------- ------------- Revenue $197,503 $ - $197,503 Cost of revenue 43,119 (175) 42,944 ------ ---- ------ Gross profit 154,384 175 154,559 Sales and marketing 73,737 (1,598) 72,139 Product and web site development 34,320 (1,616) 32,704 General and administrative 42,657 (3,528) 39,129 Amortization of intangibles 696 - 696 Total operating expenses 151,410 (6,742) 144,668 ------- ------ ------- Operating income from continuing operations $2,974 $6,917 $9,891 ====== ====== ====== Twelve Months Ended December 31, 2009 ----------------- (unaudited) Excluding Stock- Stock- As based Based Reported Compensation Compensation --------- ------------- ------------- Revenue $212,009 $ - $212,009 Cost of revenue 48,498 (181) 48,317 ------ ---- ------ Gross profit 163,511 181 163,692 Sales and marketing 78,062 (1,736) 76,326 Product and web site development 27,832 (687) 27,145 General and administrative 64,944 (14,590) 50,354 Amortization of intangibles 473 - 473 Litigation settlement 4,863 - 4,863 Restructuring charges (1,192) - (1,192) Total operating expenses 174,982 (17,013) 157,969 ------- ------- ------- Operating income (loss) from continuing operations $(11,471) $17,194 $5,723 ======== ======= ======

    (Logo: http://photos.prnewswire.com/prnh/20080213/MOVEINCLOGO)

    Photo: http://photos.prnewswire.com/prnh/20080213/MOVEINCLOGO
    PRN Photo Desk, photodesk@prnewswire.com Move, Inc.

    CONTACT: Todd Friedman, todd@blueshirtgroup.com, or Stacie Bosinoff,
    Stacie@blueshirtgroup.com, both of The Blueshirt Group, +1-415-217-7722,
    for Move, Inc.

    Web site: http://www.move.com/
    https://www.mortgagematch.com//
    http://www.realtor.com//
    http://investor.move.com/




    Ingram Micro Reports Record Net Income and EPS for the 2010 Fiscal YearRecovery Continues with Double-Digit Sales Growth in Every QuarterFourth-quarter EPS Hits a Quarterly Record

    SANTA ANA, Calif., Feb. 10, 2011 /PRNewswire/ -- Ingram Micro Inc. , the world's largest technology distributor and supply-chain services provider, today announced financial results for the 2010 fourth quarter and fiscal year ended January 1, 2011.

    Worldwide sales for the fourth quarter were $9.88 billion, an increase of 12 percent compared with $8.81 billion in the fourth quarter of the prior year. The translation impact of foreign currencies was not material to consolidated revenues as general strengthening of currencies in Asia-Pacific and Latin America were offset by an overall weakening of European currencies. For the full year, worldwide sales increased 17 percent to $34.59 billion from $29.52 billion last year.

    Net income grew to $115.0 million or $0.71 per diluted share, which included a benefit recorded in cost of sales of $9.1 million or $0.05 per diluted share, related to the release of a portion of the reserves for commercial taxes on software imports into Brazil, on which the statute of limitations for an assessment has expired. This compares with net income of $107.0 million or $0.64 per diluted share in the 2009 fourth quarter, which included a net benefit of $2.1 million or $0.03 per share related to the release of a portion of commercial tax reserves in Brazil partially offset by costs related to expense-reduction programs.

    For the full year, net income was $318.1 million, or a record $1.94 per diluted share, which includes a benefit of $0.05 per diluted share related to the partial release of the Brazilian tax reserve described above. In 2009, net income was $202.1 million, or $1.22 per diluted share, which included a net after-tax charge of $19.9 million, or $0.12 per diluted share, related to expense-reduction program costs and goodwill impairment charges, described in the full-year detail below, partially offset by the Brazilian tax reserve noted above.

    "We ended the decade and the year in record-breaking fashion," said Gregory Spierkel, chief executive officer, Ingram Micro Inc. "Earnings per share were at historic highs for the full year and fourth quarter. Net income for the full year also hit a record. Annual sales growth was the strongest since 1999. Sales levels for Asia-Pacific and Latin America reached quarterly highs and sales growth in North America - for both the fourth quarter and the year - was the strongest in 10 years. While the strong demand for technology products provided a welcome tailwind, our people and strategic focus deserve the credit for making this a stellar year. We delivered on our strategy - with greater growth, profitability and returns - and we are well positioned for further leadership in 2011. I thank our teams throughout the world for making this happen."

    Additional Fourth Quarter Highlights

    For additional detail regarding the results outlined below, please refer to the financial statements and schedules attached to this news release or visit www.ingrammicro.com.

    Regional Sales

    --  North America sales increased 13 percent to $4.05 billion (41 percent of
    total sales), compared with $3.59 billion reported in the year-ago
    quarter.
    --  Europe, Middle East and Africa (EMEA) sales grew 10 percent to $3.35
    billion (34 percent of total sales), versus $3.05 billion in the
    year-ago quarter. The translation of weaker European currencies had an
    eight percentage-point negative impact on revenue growth.
    --  Asia-Pacific sales increased 15 percent to $1.98 billion (20 percent of
    total sales) versus $1.72 billion reported in the year-ago quarter. The
    translation impact of stronger local currencies had a five
    percentage-point positive effect on revenue growth.
    --  Latin America sales increased 11 percent to $496 million (five percent
    of total sales), compared with $446 million reported a year ago. The
    translation of stronger local currencies had a four percentage-point
    positive impact on revenue growth.
    

    Gross Margin

    Gross margin for the 2010 fourth quarter was 5.66 percent, a decrease of three basis points versus the prior-year quarter. The partial releases of commercial tax reserves in Brazil, described above, had positive fourth-quarter impacts of nine basis points in 2010 and 11 basis points in 2009.

    Operating Expenses

    Total operating expenses were $392.6 million or 3.97 percent of total sales. In the comparable period last year, total operating expenses were $354.7 million (4.03 percent of total sales), which included $7.7 million (0.09 percent of total sales) in costs associated with the company's expense-reduction programs. The year-over-year increase in expenses is attributable to sales growth in the traditional distribution business as well as increased volume in the fee-for-service logistics business, which has a substantially higher operating expense ratio than the traditional distribution business. Operating expenses also reflect investments in system enhancements and growth initiatives.

    Operating Income

    Worldwide operating income was $167.3 million (1.69 percent of total sales), which included the benefit from the release of Brazilian commercial tax reserves described above. In the prior-year quarter, operating income was $146.5 million (1.66 percent of total sales), which included the aggregate benefit of $2.1 million (0.02 percent of total sales) from the release of Brazilian commercial tax reserves, partially offset by expense-reduction program costs.

    --  North America operating income was $70.3 million (1.74 percent of North
    America sales), compared with $53.4 million (1.49 percent of North
    America sales) in the year-ago quarter, which included $5.7 million
    (0.16 percent of sales) in expense-reduction program costs.
    --  EMEA operating income was $59.7 million (1.78 percent of EMEA sales),
    compared with $53.9 million (1.77 percent of EMEA sales) in the
    prior-year quarter, which included $1.2 million (0.04 percent of sales)
    in expense-reduction program costs.
    --  Asia-Pacific operating income was $28.5 million (1.44 percent of
    Asia-Pacific sales), compared with $25.7 million (1.49 percent of
    Asia-Pacific sales) in the prior-year quarter, which included $0.7
    million (0.04 percent of sales) in expense-reduction program costs.
    --  Latin America operating income was $17.6 million (3.54 percent of Latin
    America sales), including the benefit of $9.1 million (1.84 percent of
    sales) related to the previously described release of a portion of the
    Brazilian commercial tax reserve. This compares to $21.0 million (4.70
    percent of Latin America sales) in the same period last year, which
    included a $9.8 million (2.19 percent of sales) Brazilian tax benefit
    partially offset by $0.1 million (0.02 percent of sales) in
    expense-reduction program costs.
    

    Stock-based compensation expense was $8.8 million versus $7.4 million in the prior-year period. Stock-based compensation is presented as a separate reconciling amount in the company's segment reporting in both periods and is not included in the regional operating results, but is included in the total worldwide operating results.

    Interest and other expenses for the fourth quarter were $9.7 million versus $5.6 million in the year-ago period. The increase versus the prior year is attributable to higher interest expense related to the August offering of $300 million in senior unsecured notes and lower net cash positions during the quarter as a result of share repurchases earlier in 2010 and increased working capital required to support year-over-year sales growth. Foreign exchange losses of $4.4 million recognized at the end of the third quarter of 2010 were recovered in the fourth quarter.

    The effective tax rate in the 2010 fourth quarter was 27 percent compared with 24 percent in the fourth quarter of 2009, primarily reflecting a change in mix of profits among different tax jurisdictions. The effective tax rate in both periods was favorably impacted by approximately two percentage points from the release of reserves for commercial taxes on software imports into Brazil, for which no income tax was applied.

    Total depreciation and amortization was $13.9 million.

    Capital expenditures were $30.9 million.

    Balance Sheet Highlights

    --  The cash and cash equivalents balance at fiscal year-end was $1.16
    billion versus $911 million at year-end 2009. The increase in cash
    reflects the proceeds from the $300 million of public debt secured in
    August, offset partially by funds used for share repurchases earlier in
    2010 and investment in working capital as discussed above.
    --  Total debt increased to $636 million from the $379 million at year-end
    2009, primarily due to the public notes mentioned above.
    Debt-to-capitalization was 16 percent at 2010 year end.
    --  Inventory was $2.9 billion or 29 days on hand, compared with $2.5
    billion or 27 days on hand at the end of 2009.
    --  Working capital days were 22, at the low end of the company's normal
    range of 22 to 26 days, compared with 21 at year-end 2009.
    

    "We ended the year with good momentum across a number of fronts," said William Humes, senior executive vice president and chief financial officer. "Growth and profitability are solid, and I'm pleased with the sequential improvements in inventory and working capital days. This helped us drive return on invested capital (ROIC) to above the weighted average cost of capital for the sixth consecutive quarter. While shares were not repurchased during the fourth quarter, we will continue to keep that option open while making strategic investments to solidify Ingram Micro's leadership position and marketplace advantage."

    Additional Fiscal Year Results

    Of the worldwide sales of $34.59 billion for the 12-month period, regional sales were $14.55 billion in North America (an 18 percent increase versus 2009); $10.87 billion in EMEA (an increase of 15 percent); $7.57 billion in Asia-Pacific (an increase of 21 percent); and $1.60 billion in Latin America (an increase of nine percent).

    Worldwide operating income for the full year was $484.4 million (1.40 percent of total sales), which includes a benefit of $9.1 million (0.03 percent of sales) related to the partial release of the Brazilian tax reserve. Last year, operating income was $295.9 million (1.00 percent of total sales), which included a net charge of $30.4 million (0.10 percent of sales) comprised of: a benefit of $9.8 million (0.03 percent of sales) related to the partial release of the Brazilian tax reserve, which was more than offset by expense-reduction program costs of $37.6 million (0.13 percent of sales) and a goodwill impairment charge totaling $2.5 million (0.01 percent of sales).

    Outlook

    "For the first quarter," said Spierkel, "we expect sales to follow a historical seasonal pattern, with a normal sequential decline and modest year-over-year growth. Gross margins are also expected to decline sequentially due to seasonality and competitive dynamics in certain markets. While we will continue to tightly manage expenses, they may fluctuate as we make strategic investments, increasing at approximately half the rate of sales for the full year."

    Spierkel continued: "As we look forward to the remainder of 2011, we have a clear strategic path that calls for operational excellence in our traditional distribution business, greater strength in our higher-margin specialty areas, and development of innovative technologies and opportunities that will drive long-term success. We are committed to keeping a healthy spread between ROIC and weighted average cost of capital, which we believe is a key to improving shareholder return. I'm proud of our progress and am excited about the opportunities ahead of us."

    Conference Call and Webcast

    Additional information about Ingram Micro's financial results will be presented in a conference call with presentation slides today at 5 p.m. ET. To listen to the conference call webcast and view the accompanying presentation slides, visit the company's website at www.ingrammicro.com (Investor Relations section). The conference call is also accessible by telephone at (888) 455-0750 (toll-free within the United States and Canada) or (210) 839-8501 (other countries), passcode "Ingram Micro."

    The replay of the conference call with presentation slides will be available for one week at www.ingrammicro.com (Investor Relations section) or by calling (800) 678-3180 or (402) 220-3063 outside the United States and Canada.

    Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995

    The matters in this press release that are forward-looking statements are based on current management expectations. Certain risks may cause such expectations to not be achieved and, in turn, may have a material adverse effect on Ingram Micro's business, financial condition and results of operations. Ingram Micro disclaims any duty to update any forward-looking statements. Important risk factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, without limitation: (1) changes in macroeconomic conditions may negatively impact a number of risk factors which individually or in the aggregate, could adversely affect our results of operations, financial condition and cash flows;(2) we continually experience intense competition across all markets for our products and services; (3) we are dependent on a variety of information systems, which, if not properly functioning, or unavailable, could adversely disrupt our business and harm our reputation and net sales; (4) we operate a global business that exposes us to risks associated with conducting business in multiple jurisdictions; (5) our failure to adequately adapt to IT industry changes could negatively impact our future operating results; (6) terminations of a supply or services agreement or a significant change in supplier terms or conditions of sale could negatively affect our operating margins, revenue or the level of capital required to fund our operations; (7) we have made and expect to continue to make investments in new business strategies and initiatives, including acquisitions, which could disrupt our business and have an adverse effect on our operating results; (8) substantial defaults by our customers or the loss of significant customers could have a negative impact on our business, results of operations, financial condition or liquidity; (9) changes in, or interpretations of, tax rules and regulations, changes in mix of our business amongst different tax jurisdictions, and deterioration of the performance of our business may adversely affect our effective income tax rates or operating margins and we may be required to pay additional taxes and/or tax assessments, as well as record valuation allowances relating to our deferred tax assets; (10) changes in our credit rating or other market factors such as adverse capital and credit market conditions or reductions in cash flow from operations, may affect our ability to meet liquidity needs, reduce access to capital, and/or increase our costs of borrowing; (11) failure to retain and recruit key personnel would harm our ability to meet key objectives; (12) we cannot predict with certainty what loss we might incur as a result of litigation matters and contingencies that we may be involved with from time to time; (13) we may incur material litigation, regulatory or operational costs or expenses, and may be frustrated in our marketing efforts, as a result of new environmental regulations or private intellectual property enforcement disputes; (14) we face a variety of risks in our reliance on third-party service companies, including shipping companies for the delivery of our products and outsourcing arrangements; (15) changes in accounting rules could adversely affect our future operating results; and (16) our quarterly results have fluctuated significantly.

    About Ingram Micro Inc.

    As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics services, technical support, financial services, and product aggregation and distribution. The company serves more than 150 countries and is the only global broad-based IT distributor with operations in Asia. Visit www.ingrammicro.com.

    (C) 2011 Ingram Micro Inc. All rights reserved. Ingram Micro and the registered Ingram Micro logo are trademarks used under license by Ingram Micro Inc.

    Ingram Micro Inc. Consolidated Balance Sheet (Dollars in 000s) (Unaudited)

    January January 1, 2, 2011 2010 ---- ---- ASSETS Current assets: Cash $1,155,551 $910,936 Trade accounts receivable, net 4,138,629 3,943,243 Inventory 2,914,525 2,499,895 Other current assets 381,383 392,831 ------- ------- Total current assets 8,590,088 7,746,905 Property and equipment, net 247,395 221,710 Intangible assets, net 81,992 92,054 Other assets 164,557 118,681 ------- ------- Total assets $9,084,032 $8,179,350 ========== ========== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $4,593,694 $4,296,224 Accrued expenses 536,218 423,365 Short-term debt and current maturities of long-term debt 105,274 77,071 ------- ------ Total current liabilities 5,235,186 4,796,660 Long-term debt, less current maturities 531,127 302,424 Other liabilities 76,537 68,453 ------ ------ Total liabilities 5,842,850 5,167,537 Stockholders' equity 3,241,182 3,011,813 --------- --------- Total liabilities and stockholders' equity $9,084,032 $8,179,350 ========== ==========

    Ingram Micro Inc. Consolidated Statement of Income (Dollars in 000s, except per share data) (Unaudited)

    Thirteen Thirteen Weeks Ended Weeks Ended January 1, January 2, 2011 2010 ----------- ----------- Net sales $9,882,867 $8,807,190 Cost of sales 9,323,016 (a) 8,306,000 (a) Gross profit 559,851 501,190 ------- ------- Operating expenses: Selling, general and administrative 391,099 347,711 Reorganization costs 1,495 6,959 ----- ----- 392,594 354,670 (a) ------- ------- Income from operations 167,257 146,520 Interest and other 9,713 5,553 ----- ----- Income before income taxes 157,544 140,967 Provision for income taxes 42,528 33,944 ------ ------ Net income $115,016 $107,023 ======== ======== Diluted earnings per share $0.71 $0.64 ===== ===== Diluted weighted average shares outstanding 161,560,166 167,759,493 =========== ===========

    (a) See related footnotes on the succeeding schedule of supplementary information for the thirteen weeks ended January 1, 2011 and January 2, 2010.

    Ingram Micro Inc. Consolidated Statement of Income (Dollars in 000s, except per share data) (Unaudited)

    Fifty-two Fifty-two Weeks Ended Weeks Ended January 1, January 2, 2011 2010 ----------- ----------- Net sales $34,588,984 $29,515,446 Cost of sales 32,696,693 (a) 27,845,237 (a) Gross profit 1,892,291 1,670,209 --------- --------- Operating expenses: Selling, general and administrative 1,406,721 1,337,696 Impairment of goodwill - 2,490 Reorganization costs 1,137 34,083 ----- ------ 1,407,858 1,374,269 (a) --------- --------- Income from operations 484,433 295,940 Interest and other 46,372 26,692 ------ ------ Income before income taxes 438,061 269,248 Provision for income taxes 120,001 67,110 ------- ------ Net income $318,060 $202,138 ======== ======== Diluted earnings per share $1.94 $1.22 ===== ===== Diluted weighted average shares outstanding 163,860,634 165,565,810 =========== ===========

    (a) See related footnotes on the succeeding schedule of supplementary information for the fifty-two weeks ended January 1, 2011 and January 2, 2010.

    Ingram Micro Inc. Supplementary Information Income from Operations (Dollars in 000s) (Unaudited)

    Thirteen Weeks Ended January 1, 2011 (a) ------------------------------------ Operating Operating Net Sales Income Margin --------- ------ ------ North America $4,050,031 $70,327 1.74% EMEA 3,354,700 59,699 1.78% Asia-Pacific 1,981,699 28,509 1.44% Latin America 496,437 17,570 3.54% Stock-based compensation expense - (8,848) - --- ------ Consolidated Total $9,882,867 $167,257 1.69% ========== ======== Thirteen Weeks Ended January 2, 2010 (b) ------------------------------------ Operating Operating Net Sales Income Margin --------- ------ ------ North America $3,590,683 $53,367 1.49% EMEA 3,051,295 53,940 1.77% Asia-Pacific 1,719,378 25,690 1.49% Latin America 445,834 20,965 4.70% Stock-based compensation expense - (7,442) - --- ------ Consolidated Total $8,807,190 $146,520 1.66% ========== ========

    (a) The thirteen weeks ended January 1, 2011 includes a benefit of $9,112 (0.09% of consolidated net sales and 1.84% of Latin America net sales) recorded in cost of sales related to the release of a portion of the reserve for Brazilian commercial taxes for which the statute of limitations has expired. (b) The thirteen weeks ended January 2, 2010 includes: net charges of $7,660 (0.09% of consolidated net sales) to operating expenses comprised of $5,676 in North America (0.16% of North America net sales), $1,236 in EMEA (0.04% of EMEA net sales), $651 in Asia-Pacific (0.04% of Asia- Pacific net sales), and $97 in Latin America (0.02% of Latin America net sales), primarily for reorganization costs ($6,959) associated with headcount reductions and facility exit costs, and charges to selling, general and administrative, or SG&A, expenses ($701) primarily for retention and accelerated depreciation of fixed assets associated with the exit of facilities; and a benefit of $9,758 (0.11% of consolidated net sales and 2.19% of Latin America net sales) recorded in cost of sales related to the release of a portion of the reserve for Brazilian commercial taxes for which the statute of limitations has expired.

    Ingram Micro Inc. Supplementary Information Income from Operations (Dollars in 000s) (Unaudited)

    Fifty-two Weeks Ended January 1, 2011 (a) -------------------------------- Operating Operating Net Sales Income Margin --------- ------ ------ North America $14,549,103 $230,458 1.58% EMEA 10,871,237 135,681 1.25% Asia-Pacific 7,570,403 113,003 1.49% Latin America 1,598,241 32,353 2.02% Stock-based compensation expense - (27,062) - --- ------- Consolidated Total $34,588,984 $484,433 1.40% =========== ======== Fifty-two Weeks Ended January 2, 2010 (b) -------------------------------- Operating Operating Net Sales Income Margin --------- ------ ------ North America $12,326,555 $105,679 0.86% EMEA 9,483,328 92,856 0.98% Asia-Pacific 6,243,455 83,704 1.34% Latin America 1,462,108 35,928 2.46% Stock-based compensation expense - (22,227) - --- ------- Consolidated Total $29,515,446 $295,940 1.00% =========== ========

    (a) The fifty-two weeks ended January 1, 2011 includes a benefit of $9,112 (0.03% of consolidated net sales and 0.57% of Latin America net sales) recorded in cost of sales related to the release of a portion of the reserve for Brazilian commercial taxes for which the statute of limitations has expired. (b) The fifty-two weeks ended January 2, 2010 includes: net charges of $37,636 (0.13% of consolidated net sales) to operating expenses comprised of $24,267 in North America (0.20% of North America net sales), $9,462 in EMEA (0.10% of EMEA net sales), $3,574 in Asia-Pacific (0.06% of Asia- Pacific net sales), and $333 in Latin America (0.02% of Latin America net sales), primarily for reorganization costs ($34,083) associated with headcount reductions and facility exit costs, and charges to SG&A expenses ($3,553) primarily for consulting, retention and accelerated depreciation of fixed assets associated with the exit of facilities; a benefit of $9,758 (0.03% of consolidated net sales and 0.67% of Latin America net sales) recorded in cost of sales related to the release of a portion of the reserve for Brazilian commercial taxes for which the statute of limitations has expired; and an impairment of goodwill of $2,490 (0.01% of consolidated net sales and 0.04% of Asia-Pacific net sales) related to the acquisitions of VAD and Vantex.

    (Logo: http://photos.prnewswire.com/prnh/20100107/IMLOGO)

    Photo: http://photos.prnewswire.com/prnh/20100107/IMLOGO
    PRN Photo Desk, photodesk@prnewswire.com Ingram Micro Inc.

    CONTACT: Investors, Ria Marie Carlson, +1-714-382-4400,
    ria.carlson@ingrammicro.com, or Kay Leyba, +1-714-382-4175,
    kay.leyba@ingrammicro.com, Media, Lisa Zwick +1-949-230-8794,
    lisa.zwick@ingrammicro.com, all of Ingram Micro Inc.

    Web site: http://www.ingrammicro.com/




    Merriman Capital Acted as Co-manager in On Track Innovations' $18 Million Public Offering of Ordinary Shares

    SAN FRANCISCO, Feb. 10, 2011 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. , acted as co-manager in On Track Innovations Ltd's $18 million underwritten public offering of ordinary shares. The transaction closed on February 8, 2011.

    (Logo: http://photos.prnewswire.com/prnh/20100914/SF64919LOGO)

    Details on the transaction can be found at On Track Innovations' web site: http://www.otiglobal.com.

    About On Track Innovations Ltd (OTI)

    OTI designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking and loyalty programs.

    About Merriman Holdings, Inc.

    Merriman Holdings, Inc. is a financial services firm focused on fast-growing companies and the institutions that invest in them. Merriman offers high-quality investment banking, equity research, institutional services and corporate & venture services. Merriman specializes in three industry growth sectors: CleanTech, Consumer, Media & Internet and Technology. For more information, please go to www.merrimanco.com.

    Note to Investors

    This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of the Company. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K/A filed on April 30, 2010. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form 10-K/A filed on April 30, 2010 and the Form 10-Q filed on November 15, 2010, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com. Please click on "Investor Relations."

    Photo: http://photos.prnewswire.com/prnh/20100914/SF64919LOGO
    PRN Photo Desk, photodesk@prnewswire.com Merriman Holdings, Inc.

    CONTACT: Jack Thrift, Chief Financial Officer of Merriman Holdings, Inc.,
    +1-415-248-5640

    Web site: http://www.merrimanco.com/
    http://www.otiglobal.com/




    LeapFrog Reports Full Year 2010 Net Sales Increase 14%, Returns to ProfitabilityExpects Significant Net Income Growth in 2011

    EMERYVILLE, Calif., Feb. 10, 2011 /PRNewswire/ -- LeapFrog Enterprises, Inc. today announced financial results for the fourth quarter and full year ended December 31, 2010.

    (Logo: http://photos.prnewswire.com/prnh/20090219/LFLOGO)

    Highlights of full year 2010 results compared to full year 2009 results:

    --  Net sales were $433 million, up 14%.
    --  Net sales increased 12% in the United States segment and 20% in the
    international segment.
    --  Operating income was $8 million, an improvement of $16 million.
    --  Net income per share was $0.08, an increase of $0.12 per share.
    Excluding the $8 million, or $0.12 per share, tax benefits realized in
    2009, the net income per share improvement would be $0.24.
    --  Retail point-of-sale, or POS, dollars(1) were up 8% in the U.S. for the
    52-weeks ended January 1, 2011 compared to the 52-weeks ended January 2,
    2010.
    

    (1) Please see Retail Point-of-Sale Dollars below for an explanation of this operating metric.

    "For the year, we had very good growth with POS in the U.S. up 8% and growth in each of our product lines. Results outside of the U.S. were even stronger," said Bill Chiasson, Chief Executive Officer. "Especially encouraging was the strong demand globally for the innovative Leapster Explorer which ignited growth in our mobile learning line, our largest product line. As a result of the strong POS results, we achieved a 14% sales increase, and importantly, we returned to profitability."

    "We expect profits to continue to increase in 2011 and beyond. We have a very strong brand and a portfolio of products that are made even better with our unique online capabilities. Specifically, our products are strategically designed to be a part of our Learning Path ecosystem, which now has 7 million connected consumers, compared to 3 million a year ago, that we can directly communicate with in a personalized manner," continued Mr. Chiasson.

    Full Year 2010 Financial Results

    Net Sales

    Net sales for the year were $433 million, up 14% compared to $380 million in the prior year. Strong Leapster Explorer sales and broader retail distribution drove the sales growth.

    Net sales from the United States segment for the year were $344 million, up 12% compared to $307 million in the prior year. Net sales from the international segment were $88 million, up 20% compared to $73 million in the prior year, and included a favorable impact from changes in currency exchange rates of 1.1 percentage points.

    Gross Profit

    Gross profit for the year was $179 million, up 13% compared to $158 million in the prior year. Gross margin for the year was 41.4% compared to 41.6% in the prior year. Gross margin was essentially flat year over year as supply chain leverage was offset by the impact of platform price reductions and a lower mix of interactive reading products.

    Operating Income

    Operating income for the year was $8 million, an improvement of $16 million compared to the prior year.

    Fourth Quarter 2010 Financial Results

    Net Sales

    Net sales for the quarter were $190 million, up 1% compared to $189 million for the same quarter a year ago. Growth in our mobile learning line was offset by declines in our interactive reading and learning toy lines when sales slowed down in December.

    Net sales from the United States segment for the quarter were $152 million, down 2% compared to $156 million a year ago. Net sales from the international segment were $38 million for the quarter, up 14% compared to $33 million a year ago, and were not materially impacted by changes in currency exchange rates.

    Gross Profit

    Gross profit for the quarter was $86 million, up 3% compared to $83 million a year ago. Gross margin for the quarter was 45.2% compared to 44.2% in the fourth quarter of 2009. Gross margin increased year over year primarily as a result of a higher mix of software sales.

    Operating Income

    Operating income for the quarter was $27 million, down 3% from a year ago.

    "As a result of our solid execution and diligent cost management, we achieved our first year of profitability in five years," said Mark Etnyre, Chief Financial Officer. "We have a strong balance sheet with no debt. We ended the year with $19 million in cash, and we expect our cash balance will peak around $90 million this month as we collect the remaining holiday receivables."

    Guidance

    "While we expect another year of POS growth, we expect net sales to be flat to slightly down compared to 2010 as retail inventory levels ended higher than we desired exiting 2010," said Mark Etnyre, Chief Financial Officer. "We have some exciting innovative products that we will be launching this year; however, we are planning more conservatively given the December 2010 sales slowdown relative to our expectations."

    "On the earnings front, we expect significant earnings growth as a result of continued disciplined expense management and additional operating efficiencies. That said, we remain committed to investing in research and development to fund innovation and strengthen our product pipeline," continued Mr. Etnyre.

    For the full year 2011, we expect net sales to be flat to slightly down compared to 2010 and net income per share to be in the range of $0.15 and $0.20. In the first half of 2011, we expect net sales to be down approximately 15% to 20% compared to the first half of 2010, though we expect earnings to be down less than the net sales decline due to continued operational efficiencies.

    Conference Call and Webcast

    LeapFrog will hold a conference call to discuss fourth quarter and full year 2010 financial results on February 10, 2011, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The conference call will be webcast and can be accessed at LeapFrog's investor web site at www.leapfroginvestor.com. To participate in the call, please dial (706) 634-0183 and request conference ID 41027381. A replay of the call will be available for one month. To access the replay, please dial (706) 645-9291 and use conference ID 41027381.

    Description of Retail Point-of-Sale Dollars

    Retail point-of-sale, or POS, dollars is a non-audited operating metric that represents a measure of U.S. retailers' sales of LeapFrog products to consumers. Retail point-of-sale dollars differs significantly from LeapFrog's reported net sales, which reflect all products sold by LeapFrog to its retailer customers in all markets and also includes other sources of revenue. The point-of-sale data, based on retail prices, is provided to LeapFrog by retailers and also includes sales through online retailers and our online retail store at LeapFrog.com. LeapFrog believes this represents approximately 95% of our U.S. retailers' dollar sales of LeapFrog products to consumers, based on historical shipments by us to such retailers. LeapFrog management uses point-of-sale data to evaluate the retail channel sales environment and develop net sales forecasts. Results for full year retail point-of-sale dollars are for the 52-weeks ended January 1, 2011 and the 52-weeks ended January 2, 2010.

    About LeapFrog

    LeapFrog Enterprises, Inc. is a leading designer, developer, and marketer of innovative, technology-based learning products and related proprietary content, dedicated to making learning effective and engaging for all ages, at home and in schools, around the world. LeapFrog has developed a family of learning platforms that come to life with an extensive library of software titles covering important subjects such as phonics, reading, writing, math, music, geography, social studies, spelling, vocabulary and science. In addition, the company has created a broad line of stand-alone educational products for children. LeapFrog's award-winning products are available in five languages (including Queen's English) at major retailers in more than 44 countries around the world and in more than 100,000 classrooms across the United States. The company was founded in 1995 and is based in Emeryville, California. NOTE: LEAPFROG, the LeapFrog logo, and LEAPSTER EXPLORER are trademarks or registered trademarks of LeapFrog Enterprises, Inc.

    Forward-Looking Statements

    This news release contains forward-looking statements that involve risks and uncertainties.Such forward-looking statements include statements regarding anticipated financial results (including sales, profitability, earnings, net income, cash balance andPOS growth), new product launches and investment in research and development. Our actual results may differ materially from those expressed or implied by such forward-looking statements. The risks that could cause our results to differ include highly changeable consumer preferences and toy trends, our ability to achieve anticipated sales levels, particularly with respect to newly-launched products, the overall economic environment and its effect on retail business, the seasonality of our business, introductions of products that compete with our platforms by a variety of other companies, our ability to respond quickly and cost effectively to changes in manufacturing costs and in consumer demand for our products, and our ability to provide high-quality experiences to consumers with all of our products and services. These risks and others are discussedunder "Risk Factors" in our filings with the U.S. Securities and Exchange Commission, including our 2009 annual report on Form 10-K filed on February 22, 2010 and our quarterly report on Form 10-Q filed on November 2, 2010. Additional information will also be set forth in our Annual Report on Form 10-K for the year ended December 31, 2010, which we expect to file with the SEC in February 2011. All information provided in this release is as of the date hereof and we undertake no obligation to update this information.

    Contact Information Investors: Media: Karen Sansot Rebecca Weill Investor Relations Media Relations (510) 420-4803 (510) 596-5468

    LeapFrog Enterprises, Inc. Consolidated Statements of Operations (In thousands, except per share data) (Unaudited)

    Three Months Ended ------------------ December 31, ------------ 2010 2009 ---- ---- Net sales $189,790 $188,637 Cost of sales 103,981 105,244 ------- ------- Gross profit 85,809 83,393 Operating expenses: Selling, general and administrative 18,009 19,567 Research and development 8,790 8,081 Advertising 29,533 25,722 Depreciation and amortization 2,680 2,386 ----- ----- Total operating expenses 59,012 55,756 ------ ------ Income (Loss) from operations 26,797 27,637 Other income (expense): Interest income 27 123 Interest expense (201) (30) Other, net (586) (347) ---- ---- Total other expense (760) (254) ---- ---- Income (Loss) before income taxes 26,037 27,383 Provision for (Benefit from) income taxes 742 (2,049) --- ------ Net income (loss) $25,295 $29,432 ======= ======= Net income (loss) per share: Class A and B - basic $0.39 $0.46 Class A and B - diluted $0.38 $0.46 Weighted average shares outstanding: Class A and B - basic 64,656 64,029 Class A and B - diluted 66,142 64,338

    Twelve Months Ended ------------------- December 31, ------------ 2010 2009 ---- ---- Net sales $432,564 $379,834 Cost of sales 253,590 221,827 ------- ------- Gross profit 178,974 158,007 Operating expenses: Selling, general and administrative 75,566 81,702 Research and development 35,106 34,981 Advertising 49,314 39,331 Depreciation and amortization 11,183 10,406 ------ ------ Total operating expenses 171,169 166,420 ------- ------- Income (Loss) from operations 7,805 (8,413) Other income (expense): Interest income 203 556 Interest expense (243) (60) Other, net (1,790) (1,959) ------ ------ Total other expense (1,830) (1,463) ------ ------ Income (Loss) before income taxes 5,975 (9,876) Provision for (Benefit from) income taxes 1,030 (7,188) ----- ------ Net income (loss) $4,945 $(2,688) ====== ======= Net income (loss) per share: Class A and B - basic $0.08 $(0.04) Class A and B - diluted $0.08 $(0.04) Weighted average shares outstanding: Class A and B - basic 64,368 63,914 Class A and B - diluted 65,627 63,914

    LeapFrog Enterprises, Inc. Consolidated Statements of Cash Flows (In thousands) (Unaudited)

    Three Months Ended ------------------ December 31, ------------ 2010 2009 ---- ---- Operating activities: Net income (loss) $25,295 $29,432 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Depreciation and amortization 5,852 5,071 Deferred income taxes 583 (1,115) Stock-based compensation expense 1,726 2,142 Impairment of investment in auction rate securities - 5 Loss on disposal of long-term assets 117 (30) Gain on sale of long-term investments (454) - Allowance for doubtful accounts 63 162 Other changes in operating assets and liabilities: Accounts receivable, net (20,562) (54,781) Inventories 35,624 43,140 Prepaid expenses and other current assets 2,044 2,600 Other assets 63 610 Accounts payable (57,066) (479) Accrued liabilities 8,154 8,462 Long-term liabilities (525) (25) Income taxes payable (357) (387) Other (200) 21 ---- --- Net cash provided by (used in) operating activities 357 34,828 Investing activities: Purchases of property and equipment (2,043) (2,250) Capitalization of product costs (1,726) (2,349) Purchases of intangible assets - - Sale of investments 259 1,282 Net cash used in investing activities (3,510) (3,317) Financing activities: Proceeds from stock option exercises and employee stock purchase plans 713 - Net cash paid for payroll taxes on restricted stock unit releases (4) (12) Borrowing on line of credit 42,000 - Paydown on line of credit (42,000) - Net cash provided by (used in) financing activities 709 (12) Effect of exchange rate changes on cash 125 576 --- --- Net change in cash and cash equivalents (2,319) 32,075 Cash and cash equivalents, beginning of period 21,798 29,537 ------ ------ Cash and cash equivalents, end of period $19,479 $61,612 ======= =======

    Twelve Months Ended ------------------- December 31, ------------ 2010 2009 ---- ---- Operating activities: Net income (loss) $4,945 $(2,688) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Depreciation and amortization 20,337 20,495 Deferred income taxes 662 (7,351) Stock-based compensation expense 6,172 10,696 Impairment of investment in auction rate securities - 431 Loss on disposal of long-term assets 117 1,100 Gain on sale of long-term investments (454) - Allowance for doubtful accounts 355 (1,194) Other changes in operating assets and liabilities: Accounts receivable, net (10,334) (54,745) Inventories (19,178) 29,328 Prepaid expenses and other current assets (924) 3,605 Other assets 1,248 (824) Accounts payable (26,980) 2,496 Accrued liabilities 1,512 (5,368) Long-term liabilities (38) (988) Income taxes payable (75) 13 Other - - --- --- Net cash provided by (used in) operating activities (22,635) (4,994) Investing activities: Purchases of property and equipment (9,547) (6,345) Capitalization of product costs (7,617) (7,977) Purchases of intangible assets (5,335) (235) Sale of investments 1,263 1,282 Net cash used in investing activities (21,236) (13,275) Financing activities: Proceeds from stock option exercises and employee stock purchase plans 1,883 77 Net cash paid for payroll taxes on restricted stock unit releases (262) (275) Borrowing on line of credit 42,000 - Paydown on line of credit (42,000) - Net cash provided by (used in) financing activities 1,621 (198) Effect of exchange rate changes on cash 117 978 --- --- Net change in cash and cash equivalents (42,133) (17,489) Cash and cash equivalents, beginning of period 61,612 79,101 ------ ------ Cash and cash equivalents, end of period $19,479 $61,612 ======= =======

    LeapFrog Enterprises, Inc. Consolidated Balance Sheets (In thousands) (Unaudited)

    December 31 ----------- 2010 2009 ---- ---- Assets Current assets: Cash and cash equivalents $19,479 $61,612 Accounts receivable, net of allowances for doubtful accounts of $776 and $1,119 157,646 147,378 Inventories 47,455 28,180 Prepaid expenses and other current assets 8,321 7,378 Deferred income taxes 1,678 2,066 ----- ----- Total current assets 234,579 246,614 Long-term investments 2,681 3,685 Deferred income taxes 989 1,263 Property and equipment, net 15,059 14,268 Capitalized product costs, net 13,184 14,917 Intangible assets, net 25,202 22,214 Other assets 1,786 3,034 ----- ----- Total assets $293,480 $305,995 ======== ======== Liabilities and Stockholders' Equity Current liabilities: Accounts payable $31,390 $58,263 Accrued liabilities 41,425 39,821 Income taxes payable 167 242 --- --- Total current liabilities 72,982 98,326 Long-term deferred income taxes 13,100 12,745 Other long-term liabilities 1,833 2,231 Stockholders' equity: Class A common stock - 139,500 shares authorized; outstanding 43,783 and 36,894 5 4 Class B common stock - 40,500 shares authorized; outstanding 20,961 and 27,141 2 3 Treasury stock (185) (185) Additional paid-in capital 387,833 380,040 Accumulated other comprehensive income 292 158 Accumulated deficit (182,382) (187,327) -------- -------- Total stockholders' equity 205,565 192,693 ------- ------- Total liabilities and stockholders' equity $293,480 $305,995 ======== ========

    LeapFrog Enterprises, Inc. Supplemental Financial Information (In thousands) (Unaudited)

    Three Months Ended ------------------ December 31, ------------ 2010 2009 ---- ---- Net sales $189,790 $188,637 Cost of sales (1) 103,981 105,244 ------- ------- Gross profit 85,809 83,393 Operating expenses: (2) (3) Selling, general and administrative 18,009 19,567 Research and development 8,790 8,081 Advertising 29,533 25,722 Depreciation and amortization 2,680 2,386 ----- ----- Total operating expenses 59,012 55,756 ------ ------ Income (Loss) from operations 26,797 27,637 Other income (expense): Interest income 27 123 Interest expense (201) (30) Other, net (4) (586) (347) ---- ---- Total other expense (760) (254) ---- ---- Income (Loss) before income taxes 26,037 27,383 Provision for (Benefit from) income taxes 742 (2,049) --- ------ Net income (loss) $25,295 $29,432 ======= ======= (1) Includes depreciation and amortization 3,172 2,685 (2) Includes stock-based compensation as follows: Selling, general and administrative 1,365 1,814 Research and development 361 328 (3) Includes severance costs as follows: Selling, general and administrative 263 1,617 Research and development 223 22 (4) Includes impairment of auction rate securities - 5 Segment data: Net sales: U.S. segment 152,198 155,598 International segment 37,592 33,039 Income (Loss) from operations*: U.S. segment 20,407 23,987 International segment 6,390 3,650

    Twelve Months Ended ------------------- December 31, ------------ 2010 2009 ---- ---- Net sales $432,564 $379,834 Cost of sales (1) 253,590 221,827 ------- ------- Gross profit 178,974 158,007 Operating expenses: (2) (3) Selling, general and administrative 75,566 81,702 Research and development 35,106 34,981 Advertising 49,314 39,331 Depreciation and amortization 11,183 10,406 ------ ------ Total operating expenses 171,169 166,420 ------- ------- Income (Loss) from operations 7,805 (8,413) Other income (expense): Interest income 203 556 Interest expense (243) (60) Other, net (4) (1,790) (1,959) ------ ------ Total other expense (1,830) (1,463) ------ ------ Income (Loss) before income taxes 5,975 (9,876) Provision for (Benefit from) income taxes 1,030 (7,188) ----- ------ Net income (loss) $4,945 $(2,688) ====== ======= (1) Includes depreciation and amortization 9,154 10,089 (2) Includes stock-based compensation as follows: Selling, general and administrative 4,887 9,268 Research and development 1,285 1,428 (3) Includes severance costs as follows: Selling, general and administrative 700 2,396 Research and development 510 561 (4) Includes impairment of auction rate securities - 431 Segment data: Net sales: U.S. segment 344,296 306,472 International segment 88,268 73,362 Income (Loss) from operations*: U.S. segment (3,022) (18,506) International segment 10,827 10,093

    *Certain corporate-level operating expenses associated with sales, marketing, product support, human resources, legal, finance, information technology, corporate development, procurement activities, research and development, legal settlements and other corporate costs are charged entirely to our U.S. segment, rather than being allocated between the U.S. and International segments.

    Photo: http://photos.prnewswire.com/prnh/20090219/LFLOGO
    PRN Photo Desk, photodesk@prnewswire.com LeapFrog Enterprises, Inc.

    CONTACT: Investors, Karen Sansot, +1-510-420-4803, or Media, Rebecca
    Weill, +1-510-596-5468, both of LeapFrog Enterprises, Inc.

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




    Expedia, Inc. Earnings Press Release Available on Company's IR Site

    BELLEVUE, Wash., Feb. 10, 2011 /PRNewswire/ -- Expedia, Inc. today announced fourth quarter and full year 2010 results through a press release that is available now at http://www.expediainc.com/ir. The press release is also available on the SEC's website at http://www.sec.gov. As announced previously, the company will host a conference call today to discuss its financial results at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET).

    In addition to the press release, the live audiocast and audiocast replay will be available to the public at http://www.expediainc.com/ir. Replays of the conference call are expected to be available for at least three months after the call date.

    About Expedia, Inc.

    Expedia, Inc. is the largest online travel company in the world, with an extensive brand portfolio that includes more than 90 localized Expedia.com(R)- and Hotels.com(R)-branded sites; leading U.S. discount travel site Hotwire(R); leading agency hotel company Venere.com(TM); Egencia(R), the world's fifth largest corporate travel management company; the world's largest travel community TripAdvisor(R) Media Network; destination activities provider ExpediaLocalExpert(R); luxury travel specialist Classic Vacations(R); and China's second largest booking site eLong(TM). The company delivers consumers value in leisure and business travel, drives incremental demand and direct bookings to travel suppliers, and provides advertisers vast opportunity to reach the most valuable audience of in-market travel consumers anywhere through TripAdvisor Media Network and Expedia Media Solutions. Expedia also powers bookings for some of the world's leading airlines and hotels, top consumer brands, high traffic websites, and thousands of active affiliates through Expedia(R) Affiliate Network.

    Trademarks and logos are the property of their respective owners.

    (C) 2011 Expedia, Inc. All rights reserved. CST: 2029030-50

    Expedia, Inc.

    CONTACT: Expedia, Inc. Investor Relations, +1-425-679-3555, or
    Communications, +1-425-679-4317

    Web site: http://www.expediainc.com/




    RealNetworks Announces Fourth Quarter and Full-Year 2010 Results

    SEATTLE, Feb. 10, 2011 /PRNewswire/ -- RealNetworks, Inc. today announced results for the fourth quarter and fiscal year ended Dec. 31, 2010.

    Quarterly Highlights:

    --  Revenue of $97.8 million
    --  Net income of $1.2 million or $0.01 per share
    --  Adjusted EBITDA of $13.3 million
    

    Full Year Highlights:

    --  Revenue of $401.7 million
    --  Net income attributable to common shareholders of $3.0 million or $0.05
    per share
    --  Adjusted EBITDA of $25.3 million
    --  Cash and short term investments of $334.3 million as of Dec. 31, 2010
    

    "These results demonstrate the hard work and discipline managers and employees have exercised over the past year in transforming RealNetworks," said Bob Kimball, CEO of Real. "In the fourth quarter, we generated positive operating cash flow, continued to reduce our operating expenses, and increased adjusted EBITDA both sequentially and year-over-year.

    "Earlier this week, we took the final major step to restructure RealNetworks," Mr. Kimball added. "We believe we have created a stable and efficient base upon which we can build for growth. We expect to utilize our strong consumer and mobile carrier distribution channels and innovative technologies and services to play a leading role in improving how people use and enjoy their digital media."

    Fourth Quarter Results

    For the fourth quarter of 2010, revenue from Real's Core Products, Emerging Products and Games businesses was $97.8 million, a sequential increase of 13% from the third quarter, and a decrease of 9% compared with the fourth quarter of 2009. Revenue from Real's music business was $37.6 million in the fourth quarter of 2009, and total revenue, including music, in the fourth quarter of 2009 was $145.5 million. Beginning in the second quarter of 2010, revenue and other operating results of Real's music business from its Rhapsody joint venture are not consolidated in Real's financial statements as a result of the restructuring of Rhapsody completed on March 31, 2010. Foreign currency exchange rate fluctuations negatively affected 2010 fourth quarter revenue by approximately $1.9 million compared with the year-ago quarter. Revenue trends in each of Real's businesses in the fourth quarter of 2010 compared with the year-earlier quarter were: a 4% decrease in Emerging Products revenue to $12.6 million, a 10% decrease in Core Products revenue to $58.0 million, and an 11% decrease in Games revenue to $27.2 million.

    Net income for the fourth quarter of 2010 was $1.2 million, or $0.01 per share, compared with net loss attributable to common shareholders of $(17.8) million, or $(0.14) per share, in the fourth quarter of 2009. Adjusted EBITDA for the fourth quarter of 2010 was $13.3 million, compared with $8.5 million for the fourth quarter of 2009. A reconciliation of GAAP operating income (loss) to adjusted EBITDA is provided in the financial tables that accompany this release.

    Gross margin in the fourth quarter rose to 63%, compared with 61% for the fourth quarter a year earlier, primarily due to the deconsolidation of the lower-margin Rhapsody music business beginning in the second quarter of 2010.

    As of Dec. 31, 2010, Real had $334.3 million in unrestricted cash, cash equivalents and short-term investments compared with $329.2 million at Sept. 30, 2010, and $384.9 million at Dec. 31, 2009. In addition, Real had $51.0 million in restricted cash and equity investments, including its equity interest in the Rhapsody joint venture, at the end of the year.

    Segment Operating Results

    2010 2009 Sequential Yr/Yr ---- ---- Q4 Q3 Q4 Change Change --- --- --- ------ ------ (in thousands) Revenue Core Products $58,030 $51,870 $64,154 12% -10% Emerging Products 12,558 8,778 13,014 43% -4% Games 27,229 25,784 30,736 6% -11% Corporate - - - --- --- --- Total excluding Music 97,817 86,432 107,904 13% -9% Music - - 37,598 NM --- --- ------ Total $97,817 $86,432 $145,502 13% -33% ----- ------- ------- -------- --- --- Operating Income (loss) Core Products $12,500 $9,868 $20,257 27% -38% Emerging Products 4,020 1,643 2,483 145% 62% Games 1,788 2,413 (910) -26% -296% Corporate (12,329) (18,074) (32,880) -32% -63% ------- ------- ------- Total excluding Music 5,979 (4,150) (11,050) -244% -154% Music - - (10,500) NM --- --- ------- Total $5,979 $(4,150) $(21,550) -244% -128% ----- ------ ------- -------- ---- ---- Adjusted EBITDA Core Products $15,523 $13,309 $24,332 17% -36% Emerging Products 4,109 1,771 2,579 132% 59% Games 2,452 2,885 1,063 -15% 131% Corporate (8,811) (12,265) (23,837) -28% -63% ------ ------- ------- Total excluding Music 13,273 5,700 4,137 133% 221% Music - - 4,388 NM --- --- ----- Total $13,273 $5,700 $8,525 133% 56% ----- ------- ------ ------ --- ---

    Full Year Results

    For 2010, revenue from Real's Core Products, Emerging Products and Games businesses was $366.0 million, a decrease of 9% compared with $401.4 million for 2009. Revenue from Real's music business was $35.7 million in 2010, all in the first quarter, and $160.9 million for four quarters in 2009. Total revenue in 2010 was $401.7 million and total revenue for 2009 was $562.3 million. Of the $160.5 million decline, $125.1 million was due to the separation of the Rhapsody music business at the end of the first quarter in 2010. Foreign currency exchange rate fluctuations positively affected 2010 revenue by approximately $1.1 million compared with 2009. Revenue trends in each of Real's businesses for the full year 2010 compared with 2009 were: an 8% decrease in Emerging Products revenue to $41.8 million, a 9% decrease in Core Products revenue to $212.8 million, and a 9% decrease in Games revenue to $111.4 million.

    Net income attributable to common shareholders for the year was $3.0 million, or $0.05 per share, compared with a net loss attributable to common shareholders of $(216.8) million, or $(1.64) per share, in 2009. Net income for the most recent year included restructuring charges totaling $(19.8) million, an income tax benefit of $36.5 million resulting primarily from a third-quarter $30 million cash refund from the IRS and a gain on deconsolidation of Rhapsody of $10.9 million. The net loss in 2009 included impairments of $(175.6) million and restructuring charges of $(4.0) million.

    In 2010, adjusted EBITDA was $25.3 million compared with $36.5 million in 2009. A reconciliation of GAAP operating income (loss) to adjusted EBITDA is provided in the financial tables that accompany this release.

    Real's reported net income (loss) for the periods presented are based in part upon Real's share of Rhapsody's preliminary net loss, which remains subject to finalization. These amounts could change if the final amount of Rhapsody's net income or loss differs from the preliminary net loss. Changes to these amounts, if any, will not impact Real's cash position or the adjusted EBITDA results reported in this release.

    Business Outlook

    For the first quarter of 2011, Real expects aggregate revenue from its Core Products, Emerging Products and Games segments to decline by up to 17% sequentially, consistent with the declines in last year's first quarter compared with the fourth quarter of 2009, and to decline by up to 13% year-over-year. As a result of the decline in revenue, Real also expects adjusted EBITDA for the quarter to be less than the first quarter of last year.

    Real's outlook for the year anticipates seasonality in revenue and adjusted EBITDA, which typically declines from the fourth quarter to the first quarter, and increases through the year. Real has generated more than 70% of its annual adjusted EBITDA in the second half of the year in each of the past two years. Real expects to see similar seasonal patterns for both revenue and adjusted EBITDA in 2011.

    For the full year, Real anticipates a small decline in revenue compared with 2010, excluding Music, due primarily to the elimination or de-emphasis of products and services that generate low-profit or unprofitable revenue. Excluding the revenue from these products and services, Real expects 2011 revenue to be essentially flat compared with 2010, excluding Music. Real expects 2011 adjusted EBITDA and adjusted EBITDA margin to increase over 2010 due in large part to the restructuring, which has lowered the company's overall cost structure.

    The foregoing forward-looking statements reflect Real's expectations as of Feb. 10, 2011. It is not Real's general practice to update these forward-looking statements until its next quarterly results announcement.

    Webcast and Conference Call Information

    The company will host an audio Webcast conference call to review results and discuss the company's operations for the fourth quarter at 5:00 p.m. ET on Feb. 10. The Webcast will be available at: http://investor.realnetworks.com

    Webcast participants will need RealPlayer(R) to hear the webcast, which can be downloaded at www.real.com.

    The on-demand Webcast will be available beginning approximately two hours following the conclusion of the live Webcast.

    Conference Call Details 5:00 p.m. ET / 2:00 p.m. PT Dial in: 800-857-5305 Domestic 773-681-5857 International Passcode: Fourth Quarter Earnings Leader: Bob Kimball Telephonic replay will be available until 8:00 p.m. ET, Feb. 24, 2011. Replay dial in: 800-216-4453 Domestic 402-220-3881 International

    About RealNetworks:

    Real creates innovative applications and services that make it easy to connect with and enjoy digital media. Real invented the streaming media category in 1995 and continues to connect consumers with their digital media both directly and through partners, aiming to support every network, device, media type and social network. Real's corporate information is located at http://www.realnetworks.com/about-us

    About Non-GAAP Financial Measures

    To supplement RealNetworks' condensed consolidated financial statements presented in accordance with GAAP in this press release, the company also discloses certain non-GAAP financial measures, including adjusted EBITDA and adjusted EBITDA by reporting segment, which management believes provide investors with useful information.

    In the financial tables of our earnings press release, RealNetworks has included reconciliations of GAAP operating income (loss) to adjusted EBITDA and to adjusted EBITDA by reporting segment.

    The rationale for management's use of non-GAAP measures is included in the supplementary materials presented with the fourth quarter earnings materials. Please refer to Exhibit 99.2 ("Information Regarding Non-GAAP Financial Measures") to the company's report on Form 8-K, which is being submitted today to the SEC.

    Forward-Looking Statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements relating to Real's current expectations for future revenue, adjusted EBITDA, future growth, the completion of Real's restructuring activities and Real's future role as a provider of digital media services. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements. Actual results may differ materially from the results predicted. Factors that could cause actual results to differ from the results predicted include: fluctuations in foreign currencies; Real's ability to realize operating efficiencies, growth and other benefits from the implementation of its strategic initiatives; the emergence of new entrants and competition in the market for digital media products and services; other competitive risks, including the growth of competing technologies, products and services; the potential outcomes and effects of claims and legal proceedings on Real's business, prospects, financial condition or results of operations; risks associated with key customer or strategic relationships, business acquisitions and the introduction of new products and services; changes in consumer and advertising spending in response to disruptions in the global financial markets; and changes in Real's effective tax rate. More information about potential risk factors that could affect RealNetworks' business and financial results is included in RealNetworks' annual report on Form 10-K for the most recent year ended December 31, its quarterly reports on Form 10-Q and in other reports and documents filed by RealNetworks from time to time with the Securities and Exchange Commission. The preparation of RealNetworks' financial statements and forward-looking financial guidance requires the company to make estimates and assumptions that affect the reported amount of assets and liabilities and the reported amounts of revenues and expenses during the reported period. Actual results may differ materially from these estimates under different assumptions or conditions. The company assumes no obligation to update any forward-looking statements or information, which are in effect as of their respective dates.

    RealNetworks, RealPlayer and GameHouse are trademarks or registered trademarks of RealNetworks, Inc. or its subsidiaries. All other companies or products listed herein are trademarks or registered trademarks of their respective owners.

    RealNetworks, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (Unaudited)

    Quarters Ended December 31, ------------ 2010 2009 ---- ---- (in thousands, except per share data) Net revenue $97,817 $145,502 Cost of revenue 35,705 56,821 ------ ------ Gross profit 62,112 88,681 ------ ------ Operating expenses: Research and development 19,180 32,541 Sales and marketing 27,013 40,325 Advertising with related party (A) - 11,063 General and administrative 9,066 23,956 Impairment of goodwill - - Restructuring and other charges 874 2,346 Loss on excess office facilities - - --- --- Total operating expenses 56,133 110,231 ------ ------- Operating income (loss) 5,979 (21,550) ----- ------- Other income (expenses): Interest income, net 412 779 Equity in net loss of Rhapsody and other equity method investments (B) (4,595) (116) Gain (loss) on sale of equity investments, net 41 (121) Impairment of equity investments - (5,020) Gain on deconsolidation of Rhapsody - - Other income (expense), net 144 (312) --- ---- Total other income (expense), net (3,998) (4,790) ------ ------ Income (loss) before income taxes 1,981 (26,340) Income tax (expense) benefit (787) 124 ---- --- Net income (loss) 1,194 (26,216) Net loss attributable to the noncontrolling interest in Rhapsody (C) - 8,397 --- ----- Net income (loss) attributable to common shareholders $1,194 $(17,819) ====== ======== Basic net income (loss) per share available to common shareholders $0.01 $(0.14) Diluted net income (loss) per share available to common shareholders $0.01 $(0.14) Shares used to compute basic net income (loss) per share available to common shareholders 135,853 134,844 Shares used to compute diluted net income (loss) per share available to common shareholders 136,133 134,844

    Years Ended December 31, ------------ 2010 2009 ---- ---- (in thousands, except per share data) Net revenue $401,733 $562,264 Cost of revenue 144,723 222,142 ------- ------- Gross profit 257,010 340,122 ------- ------- Operating expenses: Research and development 100,955 119,448 Sales and marketing 118,543 165,856 Advertising with related party (A) 1,065 33,292 General and administrative 51,217 79,164 Impairment of goodwill - 175,583 Restructuring and other charges 12,361 4,017 Loss on excess office facilities 7,396 - ----- --- Total operating expenses 291,537 577,360 ------- ------- Operating income (loss) (34,527) (237,238) ------- -------- Other income (expenses): Interest income, net 2,417 3,969 Equity in net loss of Rhapsody and other equity method investments (B) (16,164) (1,313) Gain (loss) on sale of equity investments, net (9) 688 Impairment of equity investments - (5,020) Gain on deconsolidation of Rhapsody 10,929 - Other income (expense), net 1,031 (794) ----- ---- Total other income (expense), net (1,796) (2,470) ------ ------ Income (loss) before income taxes (36,323) (239,708) Income tax (expense) benefit 36,451 (3,321) ------ ------ Net income (loss) 128 (243,029) Net loss attributable to the noncontrolling interest in Rhapsody (C) 2,910 26,265 ----- ------ Net income (loss) attributable to common shareholders $3,038 $(216,764) ====== ========= Basic net income (loss) per share available to common shareholders $0.05 $(1.64) Diluted net income (loss) per share available to common shareholders $0.05 $(1.64) Shares used to compute basic net income (loss) per share available to common shareholders 135,577 134,612 Shares used to compute diluted net income (loss) per share available to common shareholders 136,053 134,612

    (A) Consists of advertising purchased by Rhapsody from MTV Networks (MTVN). MTVN had a 49% ownership interest in Rhapsody prior to the restructuring transactions that occurred on March 31, 2010. See note (B) for more details regarding the restructuring and the related deconsolidation. (B) On March 31, 2010, we completed the restructuring of Rhapsody which resulted in our ownership decreasing to approximately 47% of the outstanding equity in Rhapsody and no longer having operating control. Since the restructuring was completed on the last day of the quarter ended March 31, 2010, our statement of operations for the first quarter includes results from Rhapsody's operations. Beginning with the quarter ended June 30, 2010, Rhapsody's revenue or other operating results are no longer consolidated within our financial statements and we are not recording any operating or other financial results for our Music segment. We now report our share of Rhapsody's income or losses as "Equity in net loss of Rhapsody and other equity method investments" in "Other income." (C) Noncontrolling interest in Rhapsody reflects MTVN's 49% ownership share in the losses of Rhapsody prior to the restructuring transactions that occurred on March 31, 2010.

    RealNetworks, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited)

    December December 31, 31, 2010 2009 ---- ---- (in thousands) ASSETS Current assets: Cash and cash equivalents $236,018 $277,030 Short-term investments 98,303 107,870 Trade accounts receivable, net 48,324 60,937 Deferred costs, current portion 9,173 5,192 Related party receivable -Rhapsody (A) 1,139 - Prepaid expenses and other current assets 32,040 30,624 ------ ------ Total current assets 424,997 481,653 ------- ------- Equipment, software, and leasehold improvements, at cost: Equipment and software 144,623 151,951 Leasehold improvements 25,367 31,041 ------ ------ Total equipment, software, and leasehold improvements 169,990 182,992 Less accumulated depreciation and amortization 126,619 125,878 ------- ------- Net equipment, software, and leasehold improvements 43,371 57,114 Restricted cash equivalents and investments 10,000 13,700 Equity investments 41,027 19,553 Other assets 3,316 4,030 Deferred costs, non-current portion 18,401 10,182 Deferred tax assets, net, non- current portion 12,805 10,001 Other intangible assets, net 6,952 10,650 Goodwill 4,960 - ----- --- Total assets $565,829 $606,883 ======== ======== LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $32,012 $32,703 Accrued and other liabilities 85,702 124,934 Deferred revenue, current portion 19,036 31,374 Related party payable -Rhapsody (B) 788 - Related party payable - MTVN (C) - 11,216 Accrued loss on excess office facilities, current portion 1,144 3,228 ----- ----- Total current liabilities 138,682 203,455 ------- ------- Deferred revenue, non-current portion 460 1,933 Accrued loss on excess office facilities, non-current portion 3,380 - Deferred rent 3,514 4,464 Deferred tax liabilities, net, non- current portion 1,049 961 Other long-term liabilities 7,999 13,006 ----- ------ Total liabilities 155,084 223,819 ------- ------- Noncontrolling interest in Rhapsody (D) - 7,253 Shareholders' equity 410,745 375,811 ------- ------- Total liabilities and shareholders' equity $565,829 $606,883 ======== ========

    (A) Related party receivable reflects amounts Rhapsody International, formed on March 31, 2010, owes RealNetworks. (B) Related party payable reflects amounts owed to Rhapsody International, formed on March 31, 2010. (C) Related party payable reflects amounts owed by Rhapsody to MTVN in periods prior to the restructuring and related deconsolidation that was completed on March 31, 2010. (D) Noncontrolling interest in Rhapsody reflects MTVN's 49% ownership interest in the net assets of Rhapsody at December 31, 2009. Due to the restructuring transactions which occurred on March 31, 2010, Rhapsody's balance sheet is no longer included within RealNetworks consolidated financial statements.

    RealNetworks, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (Unaudited)

    Years Ended December 31, --------------------- 2010 2009 ---- ---- (in thousands) Cash flows from operating activities: Net income (loss) $128 $(243,029) Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities: Depreciation and amortization 23,401 31,454 Stock-based compensation 12,203 21,460 Loss on disposal of equipment, software, and leasehold improvements (41) 502 Equity in net loss of Rhapsody and other investments 16,164 1,313 Loss (gain) on sale of equity investment, net 9 (688) Gain on deconsolidation of Rhapsody (10,929) - Excess tax benefit from stock option exercises (48) (15) Impairment of goodwill - 175,583 Impairment of equity investments 5,020 Accrued restructuring and other charges 652 (2,773) Accrued loss on excess office facilities 5,670 - Deferred income taxes, net 622 4,255 Other 451 48 Net change in certain operating assets and liabilities, net of acquisitions and disposals (79,404) (2,434) ------- ------ Net cash used in operating activities (31,122) (9,304) ------- ------ Cash flows from investing activities: Purchases of equipment, software, and leasehold improvements (12,904) (16,807) Purchases of short-term investments (116,831) (143,273) Proceeds from sales and maturities of short-term investments 126,398 173,169 Proceeds from the sales of equity investments - 1,014 Purchases of equity investments - (2,000) Payment of acquisition costs, net of cash acquired (5,806) (3,324) Sale of Exomi, net of cash received 49 - Payment in connection with the restructuring of Rhapsody (18,000) - Repayment of temporary funding on deconsolidation of Rhapsody 5,869 - Decrease in restricted cash equivalents and investments, net 3,700 1,042 ----- ----- Net cash (used in) provided by investing activities (17,525) 9,821 ------- ----- Cash flows from financing activities: Net proceeds from sales of common stock under employee stock purchase plan and exercise of stock options 2,678 1,455 Payments received on MTVN note 1,213 33,022 Capital contribution to Rhapsody from MTVN - 5,000 Excess tax benefit from stock option exercises 48 15 --- --- Net cash provided by financing activities 3,939 39,492 ----- ------ Effect of exchange rate changes on cash and cash equivalents 3,696 4,053 ----- ----- Net (decrease) increase in cash and cash equivalents (41,012) 44,062 Cash and cash equivalents, beginning of period 277,030 232,968 ------- ------- Cash and cash equivalents, end of period $236,018 $277,030 ======== ========

    RealNetworks, Inc. and Subsidiaries Supplemental Financial Information (Unaudited)

    2010 ---- Q4 Q3 Q2 Q1 --- --- --- --- (in thousands) Net Revenue by Line of Business: Core Products (A) $58,030 $51,870 $51,742 $51,203 Emerging Products (B) 12,558 8,778 8,997 11,428 Games (C) 27,229 25,784 28,145 30,236 ------ ------ ------ ------ Total net revenue excluding music 97,817 86,432 88,884 92,867 Music (D) - - - 35,733 --- --- --- ------ Total net revenue including music $97,817 $86,432 $88,884 $128,600 ======= ======= ======= ======== Core Products Revenue by Product: SaaS (E) $35,656 $31,885 $32,388 $33,614 Systems Integrations / Professional Services (F) 4,388 953 998 367 Technology Licensing (G) 7,632 7,473 7,736 7,910 Consumer subscriptions (H) 10,354 11,559 10,620 9,312 Total Core Products net revenue $58,030 $51,870 $51,742 $51,203 ======= ======= ======= ======= Net Revenue by Geography: United States $48,048 $46,874 $48,351 $84,550 Rest of world 49,769 39,558 40,533 44,050 ------ ------ ------ ------ Total net revenue $97,817 $86,432 $88,884 $128,600 ======= ======= ======= ======== Product Metrics (subscribers and ICM presented as greater than): Addressable subscribers of mobile operators under contract (I) 700,000 700,000 675,000 650,000 SaaS subscribers (J) 36,700 37,500 37,600 37,950 SaaS ARPU (in cents) (K) $0.20 $0.16 $0.16 $0.16 ICM delivered in billions (L) 136 134 128 120 Consumer subscribers(M) 550 600 600 575

    2009 ---- Q4 Q3 Q2 Q1 --- --- --- --- (in thousands) Net Revenue by Line of Business: Core Products (A) $64,154 $58,173 $56,346 $54,692 Emerging Products (B) 13,014 13,835 9,153 9,205 Games (C) 30,736 29,491 29,774 32,823 ------ ------ ------ ------ Total net revenue excluding music 107,904 101,499 95,273 96,720 Music (D) 37,598 38,765 40,452 44,053 ------ ------ ------ ------ Total net revenue including music $145,502 $140,264 $135,725 $140,773 ======== ======== ======== ======== Core Products Revenue by Product: SaaS (E) $39,399 $38,704 $35,517 $34,497 Systems Integrations / Professional Services (F) 5,040 818 3,228 1,088 Technology Licensing (G) 9,830 7,906 7,463 7,994 Consumer subscriptions (H) 9,885 10,745 10,138 11,113 Total Core Products net revenue $64,154 $58,173 $56,346 $54,692 ======= ======= ======= ======= Net Revenue by Geography: United States $91,175 $95,758 $90,685 $96,666 Rest of world 54,327 44,506 45,040 44,107 ------ ------ ------ ------ Total net revenue $145,502 $140,264 $135,725 $140,773 ======== ======== ======== ======== Product Metrics (subscribers and ICM presented as greater than): Addressable subscribers of mobile operators under contract (I) 625,000 575,000 575,000 550,000 SaaS subscribers (J) 38,850 37,500 36,300 33,850 SaaS ARPU (in cents) (K) $0.17 $0.19 $0.17 $0.17 ICM delivered in billions (L) 112 101 93 82 Consumer subscribers(M) 625 625 550 575

    (A) The Core Products segment primarily includes revenue from SaaS services, system integration and professional services to carriers and mobile handset companies, sales of technology licenses of our software products such as Helix for handsets, and consumer subscriptions such as SuperPass and our international radio subscription services. (B) The Emerging Products segment primarily includes revenue from RealPlayer and related products, such as revenue from distribution of third party software products, advertising on RealPlayer websites and sales of RealPlayerPlus software licenses to consumers. (C) The Games segment primarily includes revenue from sales of games licenses, online games subscription services, advertising on game sites and social network sites, games syndication services, microtransactions from online and social games and sales of mobile games. (D) On March 31, 2010, we completed the restructuring of Rhapsody, which resulted in our ownership decreasing to approximately 47% of the outstanding equity in Rhapsody, and our loss of operating control over Rhapsody. Beginning with the quarter ended June 30, 2010, Rhapsody's revenue or other operating results are no longer consolidated within our financial statements and we are not recording any operating or other financial results for our Music segment. We now report our share of Rhapsody's income or losses as "Equity in net loss of Rhapsody and other equity method investments" in Other Income (Expense). (E) Software as a Service (SaaS) revenue includes revenue from music on demand (MOD), video on demand (VOD), ringtones, ringback tones (RBT) and intercarrier messaging services provided to network service providers, who are largely mobile phone networks. (F) Systems Integration revenue includes professional services, other than those associated with software sales, provided to mobile carriers and handset manufacturers. (G) Technology Licensing includes revenue from sales of software and other intellectual property licenses such as Helix server licenses and Helix software licenses for handsets. (H) Consumer subscriptions includes revenue from SuperPass, as well as our international radio subscription services. (I) Total subscribers reported at the end of the quarter of mobile carriers that offer one or more of our SaaS services, other than intercarrier messaging services, to their customers. (J) Includes subscribers for our SaaS services which include RBT, MOD and VOD services, measured at the end of the quarter. (K) Monthly SaaS ARPU (Average Revenue Per User) is calculated by dividing (a) the total quarterly revenue from SaaS subscription services, including RBT, MOD, VOD, by (b) the number of SaaS subscribers at the end of the quarter, and dividing the resulting quotient by three. (L) The total number of intercarrier messages delivered across our messaging platform in the quarter. (M) Primarily includes subscribers to SuperPass and GamePass. We repurchased our international radio subscription services from Rhapsody as part of the restructuring that occurred on March 31, 2010, and as a result, subscribers to our international radio services are included beginning in the quarter ended June 30, 2010.

    RealNetworks, Inc. and Subsidiaries Segment Results of Operations (Unaudited)

    2010 2009 2010 2009 ---- ---- ---- ---- Q4 Q3 Q4 YTD YTD --- --- --- --- --- (in thousands) -------------- Core Products --------- Net revenue $58,030 $51,870 $64,154 $212,845 $233,365 Cost of revenue 25,679 22,230 23,767 83,733 81,774 ------ ------ ------ ------ ------ Gross profit 32,351 29,640 40,387 129,112 151,591 Gross margin 56% 57% 63% 61% 65% Operating expenses: 19,851 19,772 20,130 86,217 138,502 ------ ------ ------ ------ ------- Operating income (loss) $12,500 $9,868 $20,257 $42,895 $13,089 Adjusted EBITDA $15,523 $13,309 $24,332 $56,306 $79,935 Emerging Products --------- Net revenue $12,558 $8,778 $13,014 $41,761 $45,207 Cost of revenue 1,179 1,076 1,664 7,123 6,884 ----- ----- ----- ----- ----- Gross profit 11,379 7,702 11,350 34,638 38,323 Gross margin 91% 88% 87% 83% 85% Operating expenses: 7,359 6,059 8,867 28,053 73,211 ----- ----- ----- ------ ------ Operating income (loss) $4,020 $1,643 $2,483 $6,585 $(34,888) Adjusted EBITDA $4,109 $1,771 $2,579 $7,157 $12,703 Games ----- Net revenue $27,229 $25,784 $30,736 $111,394 $122,824 Cost of revenue 7,861 6,279 8,254 29,071 32,862 ----- ----- ----- ------ ------ Gross profit 19,368 19,505 22,482 82,323 89,962 Gross margin 71% 76% 73% 74% 73% Operating expenses: 17,580 17,092 23,392 78,275 127,908 ------ ------ ------ ------ ------- Operating income (loss) $1,788 $2,413 $(910) $4,048 $(37,946) Adjusted EBITDA $2,452 $2,885 $1,063 $8,970 $7,772 Music ----- Net revenue $- $- $37,598 $35,733 $160,868 Cost of revenue - - 22,614 21,864 98,322 --- --- ------ ------ ------ Gross profit - - 14,984 13,869 62,546 Gross margin N/A N/A 40% 39% 39% Operating expenses: - - 25,484 13,911 129,085 --- --- ------ ------ ------- Operating income (loss) $- $- $(10,500) $(42) $(66,539) Adjusted EBITDA $- $- $4,388 $4,214 $17,594 Corporate --------- Net revenue $- $- $- $- $- Cost of revenue 986 1,125 522 2,932 2,300 --- ----- --- ----- ----- Gross profit (986) (1,125) (522) (2,932) (2,300) Gross margin N/A N/A N/A N/A N/A Operating expenses: 11,343 16,949 32,358 85,081 108,654 ------ ------ ------ ------ ------- Operating income (loss) $(12,329) $(18,074) $(32,880) $(88,013) $(110,954) Adjusted EBITDA $(8,811) $(12,265) $(23,837) $(51,345) $(81,515) Total ----- Net revenue $97,817 $86,432 $145,502 $401,733 $562,264 Cost of revenue 35,705 30,710 56,821 144,723 222,142 ------ ------ ------ ------- ------- Gross profit 62,112 55,722 88,681 257,010 340,122 Gross margin 63% 64% 61% 64% 60% Operating expenses: 56,133 59,872 110,231 291,537 577,360 ------ ------ ------- ------- ------- Operating income (loss) $5,979 $(4,150) $(21,550) $(34,527) $(237,238) Adjusted EBITDA $13,273 $5,700 $8,525 $25,302 $36,489

    RealNetworks, Inc. and Subsidiaries Reconciliation of segment operating income (loss) to adjusted EBITDA by reporting segment (Unaudited)

    2010 ---- Q4 Q3 --- --- (in thousands) -------------- Core Products ------------- Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by reporting segment: Operating income (loss) $12,500 $9,868 Acquisitions related intangible asset amortization 705 1,059 Depreciation and amortization 2,318 2,382 Impairment of goodwill - - --- --- Adjusted EBITDA $15,523 $13,309 Emerging Products ----------------- Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by reporting segment: Operating income (loss) $4,020 $1,643 Acquisitions related intangible asset amortization - - Depreciation and amortization 89 128 Impairment of goodwill - - --- --- Adjusted EBITDA $4,109 $1,771 Games ----- Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by reporting segment: Operating income (loss) $1,788 $2,413 Acquisitions related intangible asset amortization 263 126 Depreciation and amortization 401 346 Impairment of goodwill - - --- --- Adjusted EBITDA $2,452 $2,885 Music ----- Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by reporting segment: Operating income (loss) $- $- Net income (loss) attributable to noncontrolling interest in Rhapsody - - Acquisitions related intangible asset amortization (A) - - Depreciation and amortization (A) - - Pro forma gain on sale of interest in Rhapsody America - - Impairment of goodwill - - --- --- Adjusted EBITDA $- $- Corporate --------- Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by reporting segment: Operating income (loss) $(12,329) $(18,074) Other income (expense), net 144 (206) Depreciation and amortization 577 1,033 Restructuring and other charges 874 1,080 Stock-based compensation 1,923 3,588 Loss on excess office facilities - 314 --- --- Adjusted EBITDA $(8,811) $(12,265) Total ----- Reconciliation of GAAP operating income (loss) to adjusted EBITDA: Operating income (loss) $5,979 $(4,150) Net income (loss) attributable to noncontrolling interest in Rhapsody - - Other income (expense), net 144 (206) Acquisitions related intangible asset amortization (A) 968 1,185 Depreciation and amortization (A) 3,385 3,889 Impairment of goodwill - - Loss on excess office facilities - 314 Pro forma gain on sale of interest in Rhapsody America - - Restructuring and other charges 874 1,080 Stock-based compensation 1,923 3,588 ----- ----- Adjusted EBITDA $13,273 $5,700

    2009 2010 2009 ---- ---- ---- Q4 YTD YTD --- --- --- (in thousands) -------------- Core Products ------------- Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by reporting segment: Operating income (loss) $20,257 $42,895 $13,089 Acquisitions related intangible asset amortization 1,424 3,991 5,475 Depreciation and amortization 2,651 9,420 10,840 Impairment of goodwill - - 50,531 --- --- ------ Adjusted EBITDA $24,332 $56,306 $79,935 Emerging Products ----------------- Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by reporting segment: Operating income (loss) $2,483 $6,585 $(34,888) Acquisitions related intangible asset amortization - - - Depreciation and amortization 96 572 815 Impairment of goodwill - - 46,776 --- --- ------ Adjusted EBITDA $2,579 $7,157 $12,703 Games ----- Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by reporting segment: Operating income (loss) $(910) $4,048 $(37,946) Acquisitions related intangible asset amortization 95 510 408 Depreciation and amortization 1,878 4,412 4,063 Impairment of goodwill - - 41,247 --- --- ------ Adjusted EBITDA $1,063 $8,970 $7,772 Music ----- Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by reporting segment: Operating income (loss) $(10,500) $(42) $(66,539) Net income (loss) attributable to noncontrolling interest in Rhapsody 8,397 2,910 26,265 Acquisitions related intangible asset amortization (A) 278 58 1,115 Depreciation and amortization (A) 636 690 2,854 Pro forma gain on sale of interest in Rhapsody America 5,577 598 16,870 Impairment of goodwill - - 37,029 --- --- ------ Adjusted EBITDA $4,388 $4,214 $17,594 Corporate --------- Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by reporting segment: Operating income (loss) $(32,880) $(88,013) $(110,954) Other income (expense), net (312) 1,031 (794) Depreciation and amortization 1,094 3,677 4,756 Restructuring and other charges 2,346 12,361 4,017 Stock-based compensation 5,915 12,203 21,460 Loss on excess office facilities - 7,396 - --- ----- --- Adjusted EBITDA $(23,837) $(51,345) $(81,515) Total ----- Reconciliation of GAAP operating income (loss) to adjusted EBITDA: Operating income (loss) $(21,550) $(34,527) $(237,238) Net income (loss) attributable to noncontrolling interest in Rhapsody 8,397 2,910 26,265 Other income (expense), net (312) 1,031 (794) Acquisitions related intangible asset amortization (A) 1,797 4,559 6,998 Depreciation and amortization (A) 6,355 18,771 23,328 Impairment of goodwill - - 175,583 Loss on excess office facilities - 7,396 - Pro forma gain on sale of interest in Rhapsody America 5,577 598 16,870 Restructuring and other charges 2,346 12,361 4,017 Stock-based compensation 5,915 12,203 21,460 ----- ------ ------ Adjusted EBITDA $8,525 $25,302 $36,489

    (A) Net of noncontrolling interest effect.

    RealNetworks, Inc. and Subsidiaries Earnings Per Share Reconciliation (Unaudited)

    Quarters Ended Years Ended December 31, December 31, ------------ ------------ 2010 2009 2010 2009 ---- ---- ---- ---- (in thousands, except per share data) Net income (loss) attributable to common shareholders $1,194 $(17,819) $3,038 $(216,764) Less accretion of MTVN's preferred return in Rhapsody - (925) 3,700 (3,700) --- ---- ----- ------ Net income (loss) available to common shareholders $1,194 $(18,744) $6,738 $(220,464) ====== ======== ====== ========= Shares used to compute basic net income (loss) per share available to common shareholders 135,853 134,844 135,577 134,612 Dilutive potential common shares: Stock options and restricted stock 280 - 476 - --- --- --- --- Shares used to compute diluted net income (loss) per share available to common shareholders 136,133 134,844 136,053 134,612 Basic net income (loss) per share available to common shareholders $0.01 $(0.14) $0.05 $(1.64) Diluted net income (loss) per share available to common shareholders $0.01 $(0.14) $0.05 $(1.64)

    RealNetworks, Inc.

    CONTACT: Marj Charlier, +1-206-892-6718, mcharlier@real.com; or Elizabeth
    Pheasant, +1-206-674-2330, epheasant@real.com; or Sally Julien,
    +1-206-399-1419, Sally@SallyJulien.com, all for RealNetworks, Inc.

    Web site: http://www.realnetworks.com/




    ATS Corporation Awarded $238M IDIQ Contract from U.S. Army

    MCLEAN, Va., Feb. 10, 2011 /PRNewswire/ -- ATS Corporation ("ATSC" or the "Company") , a leading information technology company that delivers innovative technology solutions to government and commercial organizations, today announced that it has been awarded an Indefinite Delivery, Indefinite Quantity (IDIQ) contract by the U.S. Army to provide human resources (HR) solutions and services in the mission area of Recruiting and Retention (R&R). The Army HR Solutions R&R multiple-award contract has a ceiling value of $238 million over a five-year term, including a base year and four, one-year options.

    "ATSC is pleased to have won this important Army contract vehicle which facilitates our delivery of services that support soldiers and their families at military personnel commands throughout the world," said ATSC Co-Chief Executive Officer, John Hassoun.

    About ATS Corporation

    ATSC is a leading provider of mission-driven software and systems development, systems integration, infrastructure management and consulting services to the Department of Defense, Federal civilian agencies, public safety and national security customers, as well as commercial enterprises. ATSC technology professionals are recognized for their deep domain expertise in case management; border and port security; and financial, supply chain management and health information systems. Headquartered in McLean, Virginia, the Company has over 500 employees at 5 locations across the country.

    Any statements in this press release about future expectations, plans, and prospects for ATSC, including statements about the estimated value of the contract and work to be performed, and other statements containing the words "estimates," "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: our dependence on our contracts with federal government agencies for the majority of our revenue, our dependence on our GSA schedule contracts and our position as a prime contractor on government-wide acquisition contracts to grow our business, and other factors discussed in our latest annual report on Form 10-K filed with the Securities and Exchange Commission on March 24, 2010. In addition, the forward-looking statements included in this press release represent our views as of February 10, 2011. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to February 10, 2011.

    Additional information about ATSC may be found at www.atsc.com .

    ATS Corporation

    CONTACT: Penny Parker, Corporate Communications Manager, ATS Corporation,
    +1-571-766-2400

    Web site: http://www.atsc.com/




    Independent Analyst Firm Declares Teradata 'the Most Scalable, Flexible, Cloud-Capable EDW Solution in Today's Market'Report ranks Teradata a leader and #1 in Enterprise Data Warehouse Strategy

    SAN DIEGO, Feb. 10, 2011 /PRNewswire/ -- Independent analyst firm Forrester Research, Inc. has declared Teradata has the top-rated Enterprise Data Warehouse strategy and stated, "Teradata provides the most scalable, flexible, cloud-capable EDW solution in today's market." The recognition was given in the February 10, 2011 "The Forrester Wave(TM): Enterprise Data Warehousing Platforms, Q1, 2011," Teradata reported today.

    (Logo: http://photos.prnewswire.com/prnh/20090909/TERADATALOGO )

    NOTE to Editors and Readers: the full release with the Forrester Wave chart, and links to related news releases and the report, is available in the Teradata News Room at http://bit.ly/hIHkof

    Teradata earned the highest possible score for more than half of the criteria, including scalability, performance and optimization, mixed workload management, deployment and execution flexibility, software and hardware platform integration, product direction and professional services.

    The report specifically addresses Teradata's many differentiators, "including having the widest set of EDW packaging, licensing, pricing and professional service options on the market, as well as certified integration with a broad range of partner application and middleware components." The report goes on to state, "Teradata increasingly positions its EDW offerings as the platform for partners to build analytic solution packages for specific industries and business functions. And through its significant investment to build, deepen, and diversify its already formidable EDW-focused consulting organization, Teradata stands poised for further growth and diversification to address new enterprise analytic requirements," the report noted.

    Forrester proclaimed that Teradata's industry leadership extends far beyond the traditional EDW market, "with a growing focus on midmarket EDW appliances and in-database analytics." The report also identified that Teradata "provides appliance-based EDW solutions for various customer size and functionality requirements."

    Forrester concluded its evaluation with, "Teradata's mature product portfolio, coupled with intensifying innovation and a renewed focus on price-performance, gives it a competitive advantage. Expect Teradata to leverage these strengths, plus its expert consulting organization, to grow its share of the EDW market."

    "We welcome the independent recognition from Forrester that notes our focus and dedication to delivering data warehouse and analytics that help customers extract value and achieve business insight from their enterprise information assets," said Darryl McDonald, executive vice president of applications, business development, and CMO, Teradata.

    "We've focused on providing the most advanced analytic content including in-database parallel virtual machines, geospatial capabilities and native bi-temporal support. All of these unique capabilities are available across the entire Teradata product family," said Scott Gnau, Teradata Chief Development Officer. "These were in addition to our investments in new, differentiating technologies such as solid-state drive that also complement our mature multi-petabyte-scale Active Enterprise Data Warehouse platform."

    McDonald said, "This report is strong validation of Teradata's leadership in enterprise data warehousing, and we will continue to drive innovations that bring value to customers."

    "The Forrester Wave(TM): Enterprise Data Warehousing Platforms, Q1, 2011" report will be available online at www.teradata.com.

    About Teradata

    Teradata Corporation is the world's largest company solely focused on raising intelligence and achieving enterprise agility through its database software, enterprise data warehousing, data warehouse appliances, consulting, and enterprise analytics. Visit Teradata on the web at www.teradata.com.

    Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries

    Photo: http://photos.prnewswire.com/prnh/20090909/TERADATALOGO
    PRN Photo Desk, photodesk@prnewswire.com Teradata Corporation

    CONTACT: D'Anne Hotchkiss, Teradata Corporation, +1-609-433-1715,
    DAnne.Hotchkiss@teradata.com

    Web site: http://www.teradata.com/




    Honeywell Sets Date for Annual Shareowner Meeting

    MORRIS TOWNSHIP, N.J., Feb. 10, 2011 /PRNewswire/ -- Honeywell today said that it has set Monday, April 25 as the date for its 2011 Annual Shareowner Meeting, to be held at 10:30 a.m. at the company's headquarters in Morris Township, New Jersey. Shareowners of record at the close of business on Friday, February 25, 2011, will be entitled to vote at the 2011 Annual Shareowner Meeting.

    Honeywell (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 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 Elena Doom (973) 455-3388 (973) 455-2222 rob.ferris@honeywell.com elena.doom@honeywell.com

    Honeywell

    CONTACT: Media: Robert C. Ferris, +1-973-455-3388,
    rob.ferris@honeywell.com, or Investor Relations: Elena Doom,
    +1-973-455-2222, elena.doom@honeywell.com

    Web site: http://www.honeywell.com/




    Safe Communications Agrees in Principle to Merge its Corporate Security Division into Publically Traded Northsight Capital, Inc.

    SCOTTSDALE, Ariz., Feb. 10, 2011 /PRNewswire/ -- SAFE COMMUNICATIONS, INC. announced today that the company has signed a nonbinding agreement in principle with Northsight Capital, Inc., under which NCAP would acquire the company's newly formed corporate security division, NCAP Security Systems, Inc. In the proposed deal, Safe would retain an approximate 95% equity interest in NCAP, post acquisition. The company plans to spin a major part of NCAP off to shareholders of Safe as of a future record date, on a one for two basis. (One share of NCAP for each two shares of Safe owned on the record date). Completion of the proposed transaction is subject to customary conditions, including satisfactory completion of due diligence and board approval.

    The new division, which uses the "MaskMail" anonymous reporting technology (www.MaskMail.com), will be headed up by international security expert Chuck Vance. Mr. Vance is also on Safe Communications' Child Cyber Safety Advisory Board. It is contemplated that that new "MaskMail" website will be launched in the very near future.

    MaskMail will employ the company's anonymous reporting system to enable its customers to receive anonymous reports of theft and other wrongdoing. A recent National Retail Security Survey showed total retail losses cost businesses $33.5 billion last year. According to the survey, the largest percentage of retail shrinkage last year was due to employee theft, at $14.4 billion, accounting for 43 percent of total losses. In its 2010 Report to the Nations, the Association of Certified Fraud Examiners (ACFE) said that corporate fraud cost the global economy more than $2.9 trillion in 2009. ACFE surveyed fraud examiners in 106 countries examining 1,843 cases of fraud to reach its conclusions.

    EMPLOYEE THEFT A GROWING PROBLEM:

    --  The FBI calls employee theft "the fastest growing crime in America!"
    --  The U.S. Chamber of Commerce estimates that 75% of employees steal from
    the workplace and that most do so repeatedly.
    --  One third of all U.S. corporate bankruptcies are directly caused by
    employee theft.
    --  The American Society of Employers estimates that 20% of every dollar
    earned by a U.S. company is lost to employee theft.
    

    The anonymous reporting system allows subscribers to set up anonymous emails for their employees and for customers to report wrongdoing at the workplace or bad service at their stores. Using its anonymous email capability, considered an advanced anonymous reporting technology, the system gives business owners the ability to set up an email template, address it to themselves or other management personnel, and allow workers to send that email to the management anonymously. The new division's SMS (Short Message Service) system and its anonymous chat rooms afford law enforcement agencies the capability to correspond back and forth with citizens willing to pass on information as long as they are guaranteed anonymity. The anonymous chat rooms allow persons to sign in to a chat with law enforcement or corporate representatives, while remaining completely anonymous.

    About Safe Communications, Inc.

    Safe Communications, Inc. provides open and secure family communications that are in step with today's advances in the social media. While protecting our most precious asset, our children, our systems are designed to enhance the quality and frequency of day-to-day communications among family members and friends. Early detection devices warn parents of potential abuse and inappropriate content allowing secure, open exchange with loved ones and friends.

    We allow users to experience the marvel of advanced technology without fear or danger.

    Just as your child is not allowed to enjoy a ride in the car without a seat belt, Safe Communications designs products so that your children can enjoy the electronic ride without being exposed to potential harm or abuse. For more information, contact: info@safecommunications.com.

    Safe Communications Inc.

    CONTACT: Murdock Capital, +1-212-421-2545, tdean@murdockcapital.com, or
    Alan "Skip" Davidson, +1-702-868-7855, toptick_98@yahoo.com

    Web site: http://www.safecommunications.com//




    Image Sensing Systems Announces Fourth-Quarter 2010 Earnings Release Date and Conference Call

    SAINT PAUL, Minn., Feb. 10, 2011 /PRNewswire/ -- Image Sensing Systems, Inc. , plans to distribute its earnings results for the fourth-quarter and full-year period ended Dec. 31, 2010 after the close of trading on Wednesday, Feb. 23, 2011.

    (Logo: http://photos.prnewswire.com/prnh/20050512/CGISSLOGO)

    Following the release, the company will hold an investment community conference call at 3:45 p.m. CST. Ken Aubrey, chief executive officer, and Greg Smith, chief financial officer, will review Image Sensing Systems' performance for the quarter and full year, and discuss the company's strategies. To participate, dial 877-941-0843 and reference conference ID 4405971. Please dial in at least 10 minutes prior to the call.

    If you are unable to participate in the live conference call, you can listen to a replay. The replay option begins at 5:45 p.m. CST on the date of the call and is available until 5:45 p.m. CST on March 9, 2011. To listen to the replay, dial 800-406-7325, access code 4405971.

    About Image Sensing

    Image Sensing Systems, Inc. is a provider of software-based detection solutions for the Intelligent Transportation Systems (ITS) sector and adjacent markets including security, police and parking. We have sold more than 110,000 units of our industry leading Autoscope(R) machine-vision, RTMS(R) radar and CitySync automatic number plate recognition (ANPR) products in over 60 countries worldwide. The depth of our experience coupled with the breadth of our product portfolio uniquely positions us to provide powerful hybrid technology solutions and to exploit the convergence of the traffic, security and environmental management markets. We are headquartered in St. Paul, Minnesota. Visit us on the web at imagesensing.com.

    Photo: http://photos.prnewswire.com/prnh/20050512/CGISSLOGO
    PRN Photo Desk, photodesk@prnewswire.com Image Sensing Systems, Inc.

    CONTACT: Greg Smith, Chief Financial Officer of Image Sensing Systems,
    Inc., +1-651-603-7700

    Web site: http://www.imagesensing.com/




    Quest Diagnostics and Withings Announce Availability of Integrated WiFi Weight Tracking for the Gazelle Mobile Health Platform

    MADISON, N.J., Feb. 10, 2011 /PRNewswire/ -- Quest Diagnostics and Withings announced that the Withings WiFi Body Scale, the world's first WiFi connected personal weight scale, can now automatically import body weight data directly into Gazelle(TM), the secure mobile health platform from Quest Diagnostics. With Gazelle, users can electronically receive their Quest Diagnostics laboratory results and manage their personal health information directly from their Apple(R) iPhone, BlackBerry(R), and soon, Google Android(R), smartphones.

    (Photo: http://photos.prnewswire.com/prnh/20110210/NY46278 )

    The WiFi Body Scale automatically records the user's body weight and body mass index (BMI) and transmits the information to a secure webpage or to WiScale, Withings free iPhone application. The scale can track up to eight users and each user has the ability to designate where they want their weight information to go when they step on the scale. Also, if enabled by the user, the scale can automatically "Tweet" their information for feedback and motivation. For more information about Withings, go to www.withings.com.

    "We're pleased to bring to Gazelle the advanced capabilities of the Withings WiFi Body Scale, which helps patients better understand and manage their health by wirelessly tracking their weight and delivering their personal data into Gazelle," said Neil Desai, Gazelle Product Manager at Quest Diagnostics. "Over the coming months, we will continue to add additional capabilities from best-in-class partners as we expand and enhance the Gazelle Mobile Health platform."

    Introduced in October of 2010, Gazelle allows users to see, store and share their vital health information with ease and security while on the go. For example, Gazelle allows a patient to receive their Quest Diagnostics lab results directly on their smartphone and, if they choose, conveniently share the results by e-mail or fax with their doctors and other health care providers. More information about Gazelle's features are available at www.MyGazelleApp.com.

    About Quest Diagnostics:

    Quest Diagnostics Incorporated is the world's leading provider of diagnostic testing, information and services that patients and doctors need to make better healthcare decisions. The company offers the broadest access to diagnostic testing services through its network of laboratories and patient service centers, and provides interpretive consultation through its extensive medical and scientific staff. Quest Diagnostics is a pioneer in developing innovative new diagnostic tests and advanced healthcare information technology solutions that help improve patient care. Additional company information is available at: www.QuestDiagnostics.com.

    About Withings:

    Withings is a French start-up established by three executives from the technology and telecom industry. With a focus on the innovation and design for everyday products, Withings has introduced three products since its inception in 2009--the World's first WiFi Body Scale, the Withings Blood Pressure Monitor and the Smart Baby Monitor. For more information, visit www.withings.com.

    Media Contacts: Glen Brandow Quest Diagnostics Glen.r.brandow@questdiagnostics.com (973) 520-2800 Jessica Darrican Max Borges Agency O: (305) 576-1171 x 16 M: (305) 299-3449 jessicadarrican@maxborgesagency.com

    Photo: http://photos.prnewswire.com/prnh/20110210/NY46278
    PRN Photo Desk, photodesk@prnewswire.com Quest Diagnostics Incorporated

    CONTACT: Glen Brandow, Quest Diagnostics,
    Glen.r.brandow@questdiagnostics.com, +1-973-520-2800, or Jessica Darrican,
    Max Borges Agency, O: +1-305-576-1171 x 16, M: +1-305-299-3449,
    jessicadarrican@maxborgesagency.com

    Web site: http://www.questdiagnostics.com/




    eGain Showcases Advances in Telecom Customer Experience Management at MWC 2011- Reveals software innovations behind today's most successful mobile operator CEM strategies

    SLOUGH, England, February 10, 2011 /PRNewswire/ -- eGain Communications Corp. will showcase the latest innovations in Customer Experience Management (CEM) at GSMA Mobile World Congress 2011 (http://www.virtualpressoffice.com/public/kit/eGainMWC2011). The company will reveal the technology powering the most advanced operator CEM strategies today and how this is increasing revenue, improving brand reputation and turning customer service into a competitive differentiator.

    Visitors to the stand (D58 Hall 7) can take part in a live demonstration of eGain's multichannel customer service software. By exploring the integrated capabilities of eGain's web self-service, chat, social media, guided help, co-browse and knowledge software solutions, visitors will experience what the subscriber experiences first-hand and gain a unique insight into what it takes for major mobile operators to get CEM right.

    eGain will also be unveiling a new 'out of the box' customer service solution designed to accelerate the benefits of quality support experiences via web self service or in the contact centre. The cloud-based initiative, developed with World Manuals, is set to simplify the support of content-driven applications and the multiple services of today's smartphones and introduce a new commercial model that enables rapid time to benefit.

    For over a decade, eGain's innovative solutions for customer experience and knowledge management, mobile and social customer service and multichannel self-service, have enabled leading telecom operators to increase customer acquisition, retention, and loyalty, while controlling costs.

    Andrew Mennie, general manager of eGain EMEA, comments, "From our leadership position in the global telecoms marketplace, we have witnessed a huge acceleration in customer service innovation over recent years. However, to keep pace with subscriber demand, operators must continue to look for ways to excel in CEM across increasingly complex and competitive telecoms environments. Our technology is focussed on helping operators take an innovative approach in delivering the best possible customer services, on the most efficient basis possible, as they seek to support an array of new services, increase customer retention and boost Average Margin per User."

    eGain is exhibiting at GSMA Mobile World Congress, Stand D58 in Hall 7 - App Planet (http://www.mobileworldcongress.com/app_planet/app_planet_overview.htm) - on the 14-17 February 2011 in Barcelona Spain. To book an appointment with an eGain telco specialist at the event, contact telco@egain.com for more information.

    Virtual Press Office: http://www.virtualpressoffice.com/public/kit/eGainMWC2011

    eGain

    CONTACT: Jennifer Manning, Cohesive Communications, egain@cohesive.uk.com,
    +44-(0)1291-626200, +44-(0)7796330081




    CGI to Present at the Goldman Sachs Technology and Internet Conference on February 16 in San Francisco

    Stock Market Symbols
    GIB.A (TSX)
    GIB (NYSE)
    www.cgi.com/newsroom

    MONTREAL, Feb. 10 /PRNewswire-FirstCall/ - Michael E. Roach, President and CEO of CGI Group Inc. , will present to investors at the Goldman Sachs Technology and Internet Conference at the Westin St. Francis Hotel in San Francisco, California, Wednesday, February 16, 2011.

    The presentation will take place as an open discussion and is scheduled for 5:20 p.m. Pacific Time, and will be available via live audio webcast on CGI's website at www.cgi.com/investors. A replay of the webcast will be archived on CGI's website in the Investors section under Speeches and Webcasts.

    About CGI
    Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 31,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices and centers of excellence in the United States, Canada, Europe and Asia Pacific. As at December 31, CGI's annualized revenue was approximately C$4.5 billion and its order backlog was approximately C$13.1 billion. CGI shares are listed on the NYSE (GIB) and the TSX (GIB.A) and are included in both, the Dow Jones Sustainability Index and the FTSE4Good Index. Website: www.cgi.com.

    CGI GROUP INC.

    CONTACT: Colin Brown
    Manager
    Investor Relations
    colin.brown@cgi.com
    514 841-3634




    Samba Energy Supports Hertz Solar ProgramSamba's SunSpotter Software Rapidly Analyzes Hundreds of Hertz Facilities To Identify Best Return on Investment

    NEW YORK, Feb. 10, 2011 /PRNewswire/ -- Samba Energy, announced today a 2.3 MW solar program with The Hertz Corporation . This initial program includes solar systems at fifteen Hertz facilities across the U.S. and the largest program to date in the U.S. travel industry.

    Hertz is installing solar systems in facilities in Arizona, California, Colorado, Georgia, Maryland, Massachusetts, New Jersey, New York, and Pennsylvania. Samba Energy is providing its enterprise software platform -- Samba SunSpotter -- for solar and investment analysis as well as project management of installation across the Hertz facilities, which is being completed by Martifer Solar USA.

    "Hertz is proud to lead the rental industry with this smart solar program," said Richard Broome, Senior Vice President of Hertz. "Samba Energy's software enabled Hertz to quickly identify which of our hundreds of U.S. facilities provides the best return for our investment. Samba also managed the competitive bid process to select the installer and is providing project management across all fifteen systems."

    "Samba is excited to support Hertz in its industry-leading solar program," said Michael Hidary, Managing Director of Samba Energy. "Samba's software and clean energy project management expertise enable large companies to quickly find the most profitable areas for investment and then implement those plans with confidence."

    For more information please see www.hertz.com and www.sambaenergy.com and www.martifersolarusa.com

    About Samba Energy

    Samba Energy is a national provider of software and services for clean energy and commercial building energy efficiency. Samba's SunSpotter software is a web-based platform for enterprises to analyze large numbers of commercial properties for return on investment in clean energy and efficiency. Samba Energy is based in New York City. www.sambaenergy.com

    Contact: For Samba Energy: Michael Hidary 718-637-1212 For Hertz: Paula Rivera 201-307-2824 For Martifer Solar: Andra Lewis 310-820-7090

    Samba Energy

    CONTACT: Michael Hidary, +1-718-637-1212, For Samba Energy; Paula Rivera,
    +1-201-307-2824, For Hertz; Andra Lewis, +1-310-820-7090, For Martifer
    Solar




    CPI International Stockholders Approve Acquisition of Company by an Affiliate of Veritas CapitalAcquisition expected to close on February 11, 2011

    PALO ALTO, Calif., Feb. 10, 2011 /PRNewswire/ -- At a special meeting of stockholders held earlier today, the stockholders of CPI International, Inc. adopted the merger agreement between CPI International and an affiliate of The Veritas Capital Fund IV, L.P. (Veritas Capital), and approved the transactions contemplated thereby.

    (Logo: http://photos.prnewswire.com/prnh/20060426/CPILOGO)

    At the special meeting of stockholders, there were 15,422,237 shares voted in person or by proxy, representing 93.18% of CPI International's total outstanding shares as of the January 7, 2011 record date. Of those shares that were voted, 15,420,863 shares were voted in favor of adopting the merger agreement, representing 99.99% of the shares that were voted and 93.17% of the shares outstanding as of the record date.

    The acquisition of CPI International by Veritas Capital remains subject to a number of customary closing conditions. The closing of the acquisition is expected to take place tomorrow, February 11, 2011.

    About CPI International, Inc.

    CPI International, Inc., headquartered in Palo Alto, California, is the parent company of Communications & Power Industries, Inc., a leading provider of microwave, radio frequency, power and control solutions for critical defense, communications, medical, scientific and other applications. Communications & Power Industries, Inc. develops, manufactures and distributes products used to generate, amplify, transmit and receive high-power/high-frequency microwave and radio frequency signals and/or provide power and control for various applications. End-use applications of these systems include the transmission of radar signals for navigation and location; transmission of deception signals for electronic countermeasures; transmission and amplification of voice, data and video signals for broadcasting, Internet and other types of commercial and military communications; providing power and control for medical diagnostic imaging; and generating microwave energy for radiation therapy in the treatment of cancer and for various industrial and scientific applications.

    About Veritas Capital

    Founded in 1992 and headquartered in New York, Veritas Capital is a leading private equity investment firm that invests in companies that provide critical products and services to governments worldwide. Since its founding, Veritas Capital has been involved as the lead investor in transactions totaling more than $8 billion in value. For more information, please visit http://www.veritascapital.com.

    Certain statements included above constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements provide our current expectations, beliefs or forecasts of future events. Forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual events or results to differ materially from the results projected, expected or implied by these forward looking statements. Such differences may result from a variety of factors, including but not limited to:

    --  legal or regulatory proceedings or other matters that affect the timing
    or ability to complete the transactions as contemplated;
    --  the possibility that the expected funding for the merger will not be
    obtained;
    --  the possibility of disruption from the pending merger making it more
    difficult to maintain business and operational relationships;
    --  the possibility that the merger does not close, including but not
    limited to, due to the failure to satisfy the closing conditions; and
    --  developments beyond CPI's control, including but not limited to: changes
    in domestic or global economic conditions, competitive conditions and
    consumer preferences; adverse weather conditions or natural disasters;
    health concerns; international, political or military developments; and
    technological developments.
    

    Additional factors that may cause results to differ materially from those described in the forward-looking statements are set forth in the Annual Report on Form 10-K of CPI for the fiscal year ended October 1, 2010, which was filed with the SEC on December 10, 2010, under the heading "Item 1A--Risk Factors" and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by CPI.

    As a result of these uncertainties, you should not place undue reliance on these forward-looking statements. All future written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. We undertake no duty or obligation to publicly revise any forward-looking statement to reflect circumstances or events occurring after the date hereof or to reflect the occurrence of unanticipated events or changes in our expectations.

    Photo: http://photos.prnewswire.com/prnh/20060426/CPILOGO
    PRN Photo Desk, photodesk@prnewswire.com CPI International, Inc.

    CONTACT: Investor Relations, Amanda Mogin of Communications & Power
    Industries, +1-650-846-3998, amanda.mogin@cpii.com

    Web site: http://www.veritascapital.com/
    http://www.cpii.com/




    Mind Technologies, Inc. Updates Progress on BCI Headset

    CARDIFF, Calif., Feb. 10, 2011 /PRNewswire/ -- Mind Technologies, Inc. (http://MindTechnologiesInc.com) , announced today that design concepts are complete with the Company's new Brain Computer Interface (BCI). The new BCI is a technologically advanced EEG headset which represents a significant upgrade from anything else available on the market today. Funding and completion of the BCI is being facilitated through Mind Technologies' majority owned subsidiary in Europe, Mind Solutions, Inc.

    Additionally, Mind Technologies has filled out the Medical Advisory Board. The board includes Dr. Gordon Chiu, who has worked as a research scientist for both Pfizer Inc. and Merck & Co. Inc. and has healthcare and marketing experience with strong links to Wall Street and Asia. Dr. Gerwin Schalk whose main professional interest is technical innovation at the intersection of science, engineering, and economics. His current primary research interest is the further development of brain-computer interface (BCI) technology. The medical advisory board also includes Dr. Richard Thatcher, Dr. Larry Reid, Angela LeVan and Marcia Williams.

    "Now that the design is complete, we expect to go to production with funding through Mind Solutions. This is especially beneficial for Mind Technologies and our shareholders because it is being completely funded through Mind Solutions which means we need no additional funding through JEDM which takes pressure off our stock here in the U.S.," said Mind Technologies CEO and President, Brent Fouch. "It is especially interesting that we are receiving more funding opportunities through Europe as a result of our global marketing program which we initiated in January. This will allow us to obtain favorable terms through the European markets for additional funding of the production of the BCI," Fouch said.

    About Mind Technologies, Inc.

    Mind Technologies, Inc. develops software for thought controlled technologies, allowing the user to interact with the computer and other machines through the power of the mind. The technology involves the use of a wireless headset, which detects brainwaves on both the conscious and non-conscious level. This revolutionary neural processing technology makes it possible for computers to interact directly with the human brain. The Company creates medical applications and video games that are controlled by the power of your mind.

    Safe Harbor:

    From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.

    Contact@MindTechnologiesInc.com Jeff Dashefsky (760) 635-2595

    Mind Technologies, Inc.

    CONTACT: Jeff Dashefsky of Mind Technologies, Inc., +1-760-635-2595,
    Contact@MindTechnologiesInc.com

    Web site: http://www.mindtechnologiesinc.com/




    Samba Energy Supports Hertz Solar ProgramSamba's SunSpotter Software Rapidly Analyzes Hundreds of Hertz Facilities To Identify Best Return on Investment

    NEW YORK, Feb. 10, 2011 /PRNewswire/ -- Samba Energy, announced today a 2.3 MW solar program with The Hertz Corporation . This initial program includes solar systems at fifteen Hertz facilities across the U.S. and the largest program to date in the U.S. travel industry.

    Hertz is installing solar systems in facilities in Arizona, California, Colorado, Georgia, Maryland, Massachusetts, New Jersey, New York, and Pennsylvania. Samba Energy is providing its enterprise software platform -- Samba SunSpotter -- for solar and investment analysis as well as project management of installation across the Hertz facilities, which is being completed by Martifer Solar USA.

    "Hertz is proud to lead the rental industry with this smart solar program," said Richard Broome, Senior Vice President of Hertz. "Samba Energy's software enabled Hertz to quickly identify which of our hundreds of U.S. facilities provides the best return for our investment. Samba also managed the competitive bid process to select the installer and is providing project management across all fifteen systems."

    "Samba is excited to support Hertz in its industry-leading solar program," said Michael Hidary, Managing Director of Samba Energy. "Samba's software and clean energy project management expertise enable large companies to quickly find the most profitable areas for investment and then implement those plans with confidence."

    For more information please see www.hertz.com and www.sambaenergy.com and www.martifersolarusa.com

    About Samba Energy

    Samba Energy is a national provider of software and services for clean energy and commercial building energy efficiency. Samba's SunSpotter software is a web-based platform for enterprises to analyze large numbers of commercial properties for return on investment in clean energy and efficiency. Samba Energy is based in New York City. www.sambaenergy.com

    Samba Energy

    CONTACT: Michael Hidary, +1-718-637-1212, For Samba Energy; Paula Rivera,
    +1-201-307-2824, For Hertz; Andra Lewis, +1-310-820-7090, For Martifer
    Solar




    National Semiconductor's 12-bit, 3.6 GSPS ADC Awarded Product of the Year by Electronics Products Magazine

    SANTA CLARA, Calif., Feb. 10, 2011 /PRNewswire/ -- National Semiconductor Corp. today announced that its 12-bit analog-to-digital converter (ADC) received the prestigious 2010 Product of the Year award from Electronics Products magazine. Each year, the Electronic Products editorial board selects a few outstanding new products from the thousands introduced. The ADC12D1800 was selected for its innovative design and significant technology advancement, which has enabled a new generation of wideband software-defined radio (SDR) architectures and applications.

    "We are honored to receive this important industry award from Electronics Products magazine. It confirms the tremendous reception customers across a wide spectrum of markets and applications have given the ADC12D1800," said Jon Baldwin, marketing director of National's High Speed Signal Path Business Unit. "System designers have had remarkable success utilizing the ADC's combination of high sample rate and dynamic range to create new, wide bandwidth SDR architectures that address the needs of a wide variety of applications."

    At 3.6 Giga-samples per second (GSPS), the ADC12D1800 is 3.6 times faster than any other available 12-bit device. With a dynamic performance of -149.5 dBm/Hz noise floor, 48.5 dB noise power ratio (NPR) and -61 dBFS intermodulation distortion (IMD), the ADC targets radar, communications, multi-channel set-top box (STB), signal intelligence, and light detecting and ranging (LIDAR) applications.

    Entirely new SDR architectures can be realized with the ADC due to its ability to accurately receive modulated, band-limited signals within a large bandwidth. For example, cable receivers that previously required one analog signal path per received channel can now collapse all channels into a single signal path. Similarly, multiple channels in basestations can be combined into a single analog channel. Shifting such architectures to an SDR implementation drastically reduces board area, power consumption, and cost, while significantly improving system flexibility.

    About National Semiconductor

    National Semiconductor is a leader in power management technology. Known for its easy-to-use analog integrated circuits and world-class supply chain, National's high-performance analog products enable its customers' systems to be more energy efficient. Headquartered in Santa Clara, Calif., National reported sales of $1.42 billion for fiscal 2010. Additional information is available at www.national.com.

    National Semiconductor is a registered trademark of National Semiconductor Corporation. All other brand or product names are trademarks or registered trademarks of their respective holders.

    Media Contact Jonelle Hester (408) 721-5663 jonelle.hester@nsc.com Reader Information Design Support Group (800) 272-9959 www.national.com

    National Semiconductor Corp.

    CONTACT: Media, Jonelle Hester of National Semiconductor, +1-408-721-5663,
    jonelle.hester@nsc.com, or Reader Information, Design Support Group,
    1-800-272-9959

    Web site: http://www.national.com/




    UBM Studios Unicruit Announces the Diversity Virtual Career Fair, a Virtual Approach to Recruiting College Students and AlumniOffers an Efficient, Cost Effective and Eco-Friendly Way to Recruit

    CHICAGO, Feb. 10, 2011 /PRNewswire/ -- UBM Studios Unicruit today announced it will present the inaugural Diversity Virtual Career Fair which brings industry leading employers and college student and alumni job seekers together in a fully interactive online environment. The Diversity Virtual Career Fair will open March 3, 2011 at 11 a.m. Eastern and will be available on demand for one week.

    The virtual career fair allows employers and job seekers to meet and interact as if in person, but in a much more efficient, effective and environmentally friendly atmosphere. Employers will have the opportunity to recruit students from all over the country in just one day, without having to leave their office.

    The Diversity Virtual Career Fair is open to college students and alumni from across the country, and will showcase dozens of industry leading employers and government agencies who are committed to helping college students find suitable employment after serving the country. Employers bring all types of jobs from manufacturing to retail to telecommunications. A partial list of employers that will participate at the virtual career fair include: Intel, ABC Supply, Secret Service, Department of Treasury, Vanguard, IBM, Amazon, National Guard, Macy's, ACS Xerox, Progressive, GEICO, Walgreens and more.

    The virtual career fair provides job seekers the ability to walk the exhibit floor; visit employer booths; view/apply for jobs; chat with recruiters; build a network of peers; and perhaps even secure a follow up video interview, all from the comfort and convenience of home. College students interested in attending the virtual career fair can register at http://www.diversitycf.com/. The virtual career fair is free of charge to job seekers.

    "College graduates are entering the workplace facing the highest unemployment rate in past two decades. While those with college degrees have fared better than those without a degree in this recession, it is still a competitive market and requires new graduates make every effort to place themselves in direct contact with hiring employers. The Diversity Virtual Career Fair offers students an opportunity to do just that," said Kevin O'Brien, Vice President, Business Development, UBM Studios Unicruit.

    The virtual career fair is ideal for recruiters because it offers an efficient, cost effective and eco-friendly way to recruit college graduates throughout the United States. Each employer will have a customized virtual booth that will include full branding, videos, presentations, job postings, chat, resume exchange and video interviewing. Employers interested in participating in the virtual career fair can register at http://www.diversitycf.com/.

    About UBM Studios Unicruit

    UBM Studios Unicruit is a university-centric job fair in which universities help students find work with corporations. Unicruit.com partners with universities and corporations to create a digital environment which provides students with access to multiple employers. The career fairs offer virtual booths; job postings; company videos; company presentations; live chat with company representatives; video interviewing; and resume and interview assistance. Through a single campus or a regional event, recruiters are able to attend all campus career fairs to reach more campuses with less resources and no travel, while students are able to participate from the comfort of their dorm room. For additional information on Unicruit, visit www.unicruit.com.

    About United Business Media Limited

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

    Contact: Kevin O'Brien UBM Studios Unicruit (215) 525-5757 X101 kobrien@unicruit.com

    UBM Studios

    CONTACT: Kevin O'Brien, UBM Studios Unicruit, +1-215-525-5757, ext. 101,
    kobrien@unicruit.com

    Web site: http://www.diversitycf.com/
    http://www.unicruit.com/




    SMTC Corporation Moves Up Fourth Quarter and Year End Results

    TORONTO, Feb. 10 /PRNewswire-FirstCall/ - SMTC Corporation , a global electronics manufacturing services (EMS) provider, has rescheduled its fourth quarter and year end results teleconference due to a scheduling conflict.

    The teleconference will now be held on Wednesday, March 9, 2011 at 5:00 p.m. EST. Those wishing to listen to the teleconference should access the webcast at the investor relations section of SMTC's website www.smtc.com. A rebroadcast of the webcast will be available on SMTC's website following the teleconference.

    Participants should ensure that they have a current version of Microsoft Windows Media Player before accessing the webcast.

    Members of the investment community wishing to ask questions during the teleconference may access the teleconference by dialing 647-427-7450 or 1-888-231-8191 ten minutes prior to the scheduled start time. A rebroadcast will be available following the teleconference by dialing 416-849-0833 or 1-800-642-1687 pass code 41858723.

    About SMTC: SMTC Corporation, founded in 1985, is a mid-size provider of end-to-end electronics manufacturing services (EMS) including PCBA production, systems integration and comprehensive testing services, enclosure fabrication, as well as product design, sustaining engineering and supply chain management services. SMTC's ISO 9001 and ISO 13485 facilities span a broad footprint in the United States, Canada, and Mexico, and a partnering relationship in China, with over 1,500 full time employees. SMTC services extend over the entire electronic product life cycle from the development and introduction of new products through to the growth, maturity and end-of-life phases. SMTC offers fully integrated contract manufacturing services with a distinctive approach to global original equipment manufacturers (OEMs) and emerging technology companies primarily within industrial, computing and communication market segments.

    SMTC is a public company incorporated in Delaware with its shares traded on the Nasdaq National Market System under the symbol SMTX and on the Toronto Stock Exchange under the symbol SMX. For further information on SMTC Corporation, please visit our website at www.smtc.com (http://www.smtc.com/).

    Note for Investors: The statements contained in this release that are not purely historical, including our expectations regarding continued revenue and earnings growth in 2011, are forward-looking statements which involve risk and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These statements may be identified by their use of forward looking terminology such as "believes", "expect", "may", "should", "would", "will", "intends", "plans", "estimates", "anticipates" and similar words, and include, but are not limited to, statements regarding the expectations, intentions or strategies of SMTC Corporation. For these statements, we claim the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995. Risks and uncertainties that may cause future results to differ from forward-looking statements include the challenges of managing quickly expanding operations and integrating acquired companies, fluctuations in demand for customers' products and changes in customers' product sources, competition in the EMS industry, component shortages, and others discussed in the Company's most recent filings with securities regulators in the United States and Canada. The forward-looking statements contained in this release are made as of the date hereof and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements.

    SMTC Corporation

    CONTACT: Jane Todd, Senior Vice President, Finance and Chief Financial
    Officer, (905) 413-1300, Email: jane.todd@smtc.com




    Federal IT Services Investment to Grow Amidst Budget CutsInvestment in Health IT Implementation and Consolidation Initiatives to Increase Demand for IT Services to $51.7 Billion by 2015

    RESTON, Va., Feb. 10, 2011 /PRNewswire/ -- Amidst the prospects of massive federal budget restrictions to reduce the national deficit, the information technology (IT) service industry is anticipated to keep its vitality from FY 2010-2015. Owing to the heightened need for infrastructure consolidation to support cost savings and the increasing use of IT as a facilitator for efficiency improvement, IT services vendors can expect to escape severe decreases in contracting opportunities for this time period. Although the president's FY2012 budget, planned for release next week, reportedly calls for a ten percent reduction in professional and technical services contracts, many of the areas being evaluated for cuts are non-IT related, such as cost benefit analysis, policy review, program evaluation and management services. A new study released by INPUT's industry analysts, Federal IT Services Industry Outlook, 2010-2015, reveals that demand for vendor-furnished IT services by the U.S. government will increase from $38.1 billion in 2010 to $51.7 billion in 2015, creating strategic openings for contractors after the release of the FY 2012 federal budget request.

    "What we are seeing is a fairly minimal short-term impact in the IT services contracting sphere relative to other areas of contracting," noted John Slye, INPUT principal analyst. "Due to contemporary demands including data center consolidation, enhancements in cyber security and national trends toward cloud computing, the IT service industry will be equipped to bear the force of federal cuts better than others." The report identifies key drivers such as increased demand for efficiency-saving systems, and a higher level of open communication between government and industry, where IT innovation will play a huge role. Further supporting Slye's evaluation, the Federal Data Center Consolidation Initiative (FDCCI) issued by Federal Chief Information Officer (CIO) Vivek Kundra in February 2010, aims to decrease waste of underperforming agencies and re-allocate the savings to mission area departments that are supported by IT. The ensuing reduction will become a huge propellant for the IT marketplace, requiring an increase in the need for systems operations upgrades in addition to consulting services.

    Though relatively unscathed, this segment of contracting can still be negatively impacted by certain federally defined trends. For instance, the "Cloud First" policy, despite creating opportunities to customize "light" technology and enhance shared services, will also jeopardize outsourcing amongst agencies. "While IT contracting is not expected to be greatly impacted within the next five years, we will see an increased scrutiny of service providers," said Angie Petty, INPUT principal analyst. "This may consequently limit options for suppliers who cannot meet the requirements for increased cost control, reporting and transparency." INPUT's report explains that agencies face difficult decisions regarding whether to outsource and save costs or to insource work forces and more easily meet government guidelines.

    The report also states that IT services will be needed to manage growth in sectors such as:

    --  Cybersecurity
    --  Business intelligence and process automation
    --  Data proliferation and mobility
    --  Service-oriented architecture
    

    Podcast Availability: Interview with Slye about IT Services Market is available: http://ITServicesPodcast.input.com

    Report Author: Slye and Petty are available for media inquires.

    Report Availability: Federal IT Services Industry Outlook, 2010-2015 is available on INPUT's website at the following link: http://ITServicesReport.input.com/

    About INPUT

    INPUT, the authority on government business, was acquired by Deltek in October 2010. Established in 1974, INPUT helps companies develop federal, state, and local government business and helps public sector organizations achieve their objectives. More than 2,000 member organizations, including small specialized companies, new entrants to the public sector, and the largest government contractors and agencies, rely on INPUT for the latest and most comprehensive government procurement services and market information, consulting, powerful sales management tools, and educational and networking events. For more information about INPUT, visit www.INPUT.com or call 703-707-3500.

    Proper use of name is INPUT.

    About Deltek

    Deltek is the leading global provider of enterprise software and information solutions for professional services firms, government contractors, and government agencies. For decades, we have delivered actionable insight that empowers our customers to unlock their business potential. Over 14,000 organizations and 1.8 million users in 80+ countries around the world rely on Deltek to research and identify opportunities, win new business, optimize resources, streamline operations, and deliver profitable projects. Using Deltek, you will Know More and Do More. Find out why at www.deltek.com.

    Media Contact: Rachel Lore INPUT media@input.com 703-707-3560

    INPUT

    CONTACT: Rachel Lore, INPUT, +1-703-707-3560, media@input.com

    Web site: http://www.input.com/




    PT Debuts Highest Capacity SEGway(TM) X401e Signalling Solution for Large Carriers Worldwide

    ROCHESTER, New York, February 10, 2011 /PRNewswire/ -- PT , a leading global provider of advanced network communications solutions, today announced the release of its highest capacity STP and Signalling Gateway platform to date, the SEGway X401e. The latest addition to PT's signalling portfolio addresses the challenges faced by large carriers planning to grow or migrate their networks to next-generation capability.

    PT's newest offering features exceptional performance on a robust, carrier grade platform, supporting a remarkable 4,536 SS7 links in a single frame. For carriers that need to maintain connectivity in the traditional SS7 network while transitioning to the IP (SIGTRAN) signalling environment, this high density, low price-to-performance ratio is critical. The unprecedented transaction per second rate follows a long PT tradition of delivering powerful 5-nines systems in a small footprint. In addition to the highest linkset capacity in the industry, SEGway X401e's capacity includes 3000 SIGTRAN associations, Global Title Translation (GTT), and other powerful features to seamlessly bridge traditional and IP signalling networks.

    IP is the key to achieving the scalability and adaptability required for today's leading edge signalling architecture. PT's product evolution has consistently featured IP-based solutions that far surpass the telecom industry's acceptable performance rates. Because SEGway's signalling architecture is strategically designed around IP functionality, it has the flexibility to scale, and to be equally efficient in a fully IP-based environment, in NGN signalling networks, or while bridging to traditional TDM-based networks.

    "It's not enough to keep up with growth; we must stay far ahead of growth in order to make our customers successful," said John Grana, Sr. VP, Products and Technology of PT. "Building on an IP backbone allows PT to provide scalable products and flexible value added features in their STPs such as SIGTRAN connectivity, and IP-Edge solutions, along with Global Title Translation and Point Code Emulation(TM)."

    Visit PT at the Mobile World Congress Show in Barcelona, February 14-17, Hall 1 Stand #1G15.

    Online Resources

    Telecommunications system architects and carrier network engineers needing advanced, signalling and next-generation telecom solutions can learn more about PT's SEGway and Xpress(TM) offerings by accessing the following online resources:

    -- SEGway Carrier Solutions: http://www.pt.com/page/carriers -- SEGway Signaling Solutions: http://www.pt.com/page/segway

    About PT (http://www.pt.com)

    PT is a global supplier of advanced network communications solutions to carrier, government, and OEM markets. PT's portfolio includes IP-centric network elements and applications designed for high availability, scalability, and long life cycle deployments. The company's entire line of offerings is anchored by IPnexus(R), PT's own IP-native, highly integrated platforms and element management systems. OEMs and application developers, including PT itself, leverage the robust carrier grade Linux(R) development environment and rich suite of communications protocols (PT's NexusWare(R)) of IPnexus Application-Ready Systems as a cornerstone component of their end product value proposition. PT's SEGway(TM) Signalling Solutions provide low cost, high density signalling, advanced routing, IP migration, gateway capabilities, SIP bridge, and core-to-edge distributed intelligence. The company's Xpress(TM) NGN applications enable evolving Mobile 2.0, Multi-media, and IMS based revenue generating services. PT is headquartered in Rochester, NY and maintains sales and engineering offices around the world.

    Forward-Looking Statements

    This press release contains forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act and should be read in conjunction with the Company's documents filed with the Securities and Exchange Commission.

    IPnexus, NexusWare, Point Code Emulation, PT, SEGway, and Xpress are trademarks or registered trademarks of Performance Technologies, Inc.

    The names of other companies, products, or services may be the trademarks, registered trademarks, or service marks of their respective owners in the United States and/or other countries.

    PT

    CONTACT: Noreen Jurek, PT Marketing Consultant, noreenjurek@bellsouth.net
    , Mobile: +1-919-418-5400; or Mary Pryor, PT Marketing Communications,
    map@pt.com, +1-585-784-7226




    AppTech's Oronoco Telecom Secures a Credit Line of $200,000.00 With Xceed Call Center of Honduras

    THE WOODLANDS, Texas, Feb. 10, 2011 /PRNewswire/ -- AppTech Corp is pleased to announce that its wholly owned subsidiary, Oronoco Telecom, LLC has obtained a credit line of $200,000 from Honduran based Xceed Call Center. Xceed is a licensed and authorized reseller of Hondutel, Honduras' largest telecommunication carrier. Oronoco will make use of the line of credit to purchase communication services from Hondutel and offer the products/services to its customer base in the USA and Europe. Honduras is a top vendor for interconnected telephone traffic to Central and South America.

    Daniel Miroli, President of Oronoco commented: "We are delighted with this opportunity as it will enable Oronoco to have more flexibility with contractual payment terms with its customers." Eric Ottens, CEO of AppTech, added: "This is one more step in the new direction that we are taking Oronoco for the purpose of establishing a solid revenue base."

    About AppTech Corp

    AppTech Corp is developing mobile application market places serving emerging markets in Latin America, Brazil and the USA. AppTech is focused on multi-platform mobile apps designed to run on device operating systems such as Apple iPhone and Google's Android. In addition, through its wholly owned subsidiary, Oronoco Telecom, AppTech is working on securing agreements with top communication companies in Central America, South America and The Caribbean.

    Forward-Looking Statements

    This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.

    Contact: Virmmac, LLC 810-333-1129 info@virmmac.com

    AppTech Corp

    CONTACT: Virmmac, LLC, +1-810-333-1129, info@virmmac.com, for AppTech Corp




    GeoEye Fourth Quarter and Fiscal Year 2010 Earnings Conference Call Announcement-- Scheduled for 8:30 a.m. EDT, Tuesday, March 15, 2011 --

    DULLES, Va., Feb. 10, 2011 /PRNewswire/ -- GeoEye, Inc. announced today it will host its fourth quarter and fiscal year 2010 conference call and webcast for investors and analysts on Tuesday, March 15, 2011, beginning at 8:30 a.m. EDT. The call will include a review of the fourth quarter and fiscal year 2010 financial results, a discussion of the Company's operations and an update on the outlook for Fiscal 2011.

    (Logo: http://photos.prnewswire.com/prnh/20080625/LAW528LOGO)

    The conference call will be hosted by GeoEye's senior executives, including:

    --  Mr. Matthew (Matt) O'Connell, president and chief executive officer
    --  Mr. Joseph (Joe) Greeves, executive vice president and chief financial
    officer
    

    To participate in the call via phone, domestic callers may dial toll-free at 1-877-776-4039 approximately 10 minutes prior to the start time. International callers may dial 1-631-291-4808. Callers may identify themselves to the operator as GeoEye conference call participants or by using the conference ID number: 40408544. Questions will be accepted from phone participants during the live call after prepared remarks and as time permits.

    The conference call will also be webcast on the "Investor Relations" section of the Company's corporate Web site, www.geoeye.com. To directly access the live webcast go to: http://www.geoeye.com/CorpSite/corporate/investor-relations/Default.aspx and click on the "March 15, 2011 Investor Update Webcast" link. Please allow 15 minutes before the scheduled start time to register, download and install any necessary audio software.

    An archived webcast of the conference call will be available at the same URL address approximately two hours after the conclusion of the call. An audio replay of the fourth quarter conference call will be available through midnight March 22, 2011, by dialing (800) 642-1687 and typing in the conference ID number: 40408544.

    About GeoEye

    GeoEye, Inc. is a leading international information services company serving government and commercial markets. The Company is recognized as one of the geospatial industry's imagery experts, delivering exceptional quality imagery products, services and solutions to customers around the world. In August, GeoEye was named one of Fortune Magazine's "100 Fastest-Growing Companies" in the United States. The Company has more than 700 employees dedicated to developing best-in-class geospatial information products and services. GeoEye is a public company listed on the NASDAQ stock exchange under the symbol GEOY. Additional information about GeoEye is available at www.geoeye.com.

    Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

    This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Without limitation, the words "anticipates," "believes," "estimates," "expects," "intends," "plans," "will" and similar expressions are intended to identify forward-looking statements. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future, including statements relating to growth, expected levels of expenditures and statements expressing general optimism about future operating results, are forward-looking statements. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements and those presented elsewhere by our management from time to time are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, but are not limited to, those described in "Risk Factors" included in our Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2009, which we filed with the Securities and Exchange Commission ("SEC") on March 12, 2010, and our Quarterly Reports on Form 10-Q for the period ended March 31, 2010, June 30, 2010 and Sept. 30, 2010, which we filed with the SEC on May 10, 2010, Aug. 9, 2010 and Nov. 9, 2010, respectively. Copies of all SEC filings may be obtained from the SEC's EDGAR Web site, http://www.sec.gov/, or by contacting: William L. Warren, Senior Vice President, General Counsel and Secretary, at 703-480-5672.

    Photo: http://photos.prnewswire.com/prnh/20080625/LAW528LOGO
    PRN Photo Desk, photodesk@prnewswire.com GeoEye, Inc.

    CONTACT: Investor Relations, Randy Scherago, +1-703-480-6325,
    scherago.randy@geoeye.com; or Media, Val Webb, +1-303-254-2120,
    webb.val@geoeye.com, both of GeoEye

    Web site: http://www.geoeye.com/




    EMC Veteran Thomas Heiser Appointed President of RSA, the Security Division of EMCIndustry Statesman Art Coviello Becomes RSA's Executive Chairman

    HOPKINTON, Mass., Feb. 10, 2011 /PRNewswire/ -- EMC Corporation has named Tom Heiser, a 26 year veteran of EMC, as president of RSA, the Security Division of EMC. Most recently RSA's Chief Operating Officer, Heiser will continue day-to-day leadership of the division while advancing the company's position as the premier provider of security, compliance and risk management solutions. Art Coviello will continue to drive RSA's strategic initiatives as Executive Chairman of RSA and will lead EMC's trusted cloud initiatives as Executive Vice President of EMC. Heiser will continue to report to Coviello.

    Heiser joined EMC in 1984 as a sales trainee and rose to increasingly senior sales and business management positions. During his twenty plus year career with the company he has played a key role in EMC's evolution into a broad-based information infrastructure leader, including being directly involved in the formation of EMC's Cloud Infrastructure and Services Division. He also served as EMC's Senior Vice President, Corporate Development and New Ventures, leading the team responsible for Mergers & Acquisitions and New Business Development. Heiser becomes only the fourth person to lead the RSA business since the founding of the original RSA Data Security in 1982.

    "In nearly three years since taking a leadership role within RSA, Tom's contributions to the business in sales, marketing and professional services and, more recently as our Chief Operating Officer, have been inspiring," said Coviello. "We ended 2010 with rapid growth, balanced performance across our entire product portfolio and more new opportunities for the business than at any time in recent memory. Tom is a tireless advocate for our customers and his leadership, energy and commitment to excellence make him the perfect person to lead RSA into the future."

    As Executive Chairman of RSA, Coviello will continue to drive strategy for the division and be an active and visible presence at RSA and across EMC's businesses. A well-known industry evangelist, Coviello joined RSA in 1995 as Chief Operating Officer, became President in 1999 then CEO in 2001 and has been a driving force in its rapid growth, increasing revenue from $25 million in 1995 to more than $700 million in 2010. Since the EMC acquisition in 2006, the company has evolved as a leading provider of security, compliance and risk management solutions.

    "These men are exceptional talents in the industry and possess the experience, expertise and character that sets EMC apart both as a technology leader and an employer," said Pat Gelsinger, President and Chief Operating Officer of EMC's Information Infrastructure Products Business. "Tom embodies the culture of EMC and his business acumen is first-rate. In selecting Tom, Art couldn't have made a better choice."

    About EMC

    EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at www.EMC.com.

    EMC and RSA are registered trademarks or trademarks of EMC Corporation in the United States and/or other countries. All other trademarks used are the property of their respective owners.

    EMC Corporation

    CONTACT: Jenn McManus-Goode, +1-781-515-6313, jennifer.mcmanus@rsa.com

    Web site: http://www.emc.com/




    For multimedia infrastructure applications, Texas Instruments' multicore TMS320C6678 DSP delivers increased density, low power, cost efficient solutionIndustry's highest performing 10-GHz multicore DSP delivers 3x the channel density for multimedia gateways and IMS media servers

    DALLAS, Feb. 10, 2011 /PRNewswire/ -- Responding to the growing need for increasing channel densities and higher quality media services in mobile networks, Texas Instruments Incorporated (TI) is offering the industry's highest performance multimedia solution based on its TMS320C6678 digital signal processor (DSP). Ideal for applications such as multimedia gateways, IMS media servers, video conferencing servers and video broadcast equipment, the C6678 offers OEMs a highly dense media solution that is both power and cost efficient at the system level. Based on its newest DSP generation of devices, the TMS320C66x, TI's C6678 features eight 1.25 GHz DSP cores with 320 GMACs and 160 GFLOPs of combined fixed- and floating-point performance on a single device, enabling users to consolidate multiple DSPs to save board space and cost, as well as reduce overall power requirements.

    "There is no other DSP in the industry that can support all of the key features needed for the development of high density and high quality multimedia infrastructure products in one device, like ours," said Brian Glinsman, general manager of TI's communications infrastructure business. "Our C6678 based multimedia solution delivers superior levels of performance coupled with improved channel density, providing customers with the right tools, software and support to help accelerate their designs to market."

    To ease application development, TI's new multimedia solution includes a comprehensive portfolio of video, audio and voice codecs, which will be accessible through TI's website. The available portfolio of video codecs includes the H.264, H.263, MPEG4, MPEG2, JPEG, VC1, Soren Spark encoders and decoders. New codecs and functions including Universal SVC, MVC, AVC Intra and H.265 are also supported on the C6678 DSP. The portfolio of audio codecs includes the AAC, AACv2, AC3, MP3, WMA8, WMA9 encoders and decoders. The codec portfolio also includes a comprehensive set of wireline and wireless voice codecs.

    Combined with the multicore software developer's kit (MC-SDK), suite of multicore tools, free codecs and a rich ecosystem of software and hardware partners, the power of TI's multicore DSP enables customers to develop new multimedia infrastructure products that offer greater channel densities, at lower power levels and more cost efficiently. The C6678 is also software compatible with TI's existing TMS320C6000((TM)) DSPs, enabling vendors to reuse their existing software and preserve their investment in TI embedded processors.

    The C6678 enables high density solutions for numerous multimedia applications, such as:

    -------------------------------------------------------------------------- Multimedia Application System Solution Density (# of channels) -------------------------------------------------------------------------- PCIe card - ATCA card - 8 C6678 DSP 20 C6678 DSP -------------------------------------------------------------------------- Mobile Voice Applications AMR Encode + Decode, 12.2Kbps 11,000 27,500 -------------------------------------------------------------------------- Mobile Video Applications H.264 BP encode + decode, CIF, 30fps 240 600 -------------------------------------------------------------------------- Content Delivery Network H.264 BP Encode + Decode, SD, 30fps 120 300 -------------------------------------------------------------------------- HD Conferencing MCU, MRFP H.264 BP Encode + Decode, 1080p30 12 30 -------------------------------------------------------------------------- HD Broadcast AVCIntra-50, 10-bit, 4:2:0, 60fps 8 20 --------------------------------------------------------------------------

    Robust third-party ecosystem

    TI's multimedia third party network features a worldwide community of respected and well established companies offering products and services that support TI DSPs. Companies offering supporting multimedia solutions to the C6678 multicore DSP include:

    --  Hardware Partners: Advantech, Emerson Network Power, and Radisys;
    --  Hardware and Software Partners: Media Excel, SURF Communication
    Solutions and Tata Elxsi.
    

    Availability

    Designers can begin development on the C6678 DSP with the low-cost TMDXEVM6678L evaluation module (EVM) for $399. The EVM also includes a free MC-SDK, Code Composer Studio (CCS) integrated development environment, and suite of application/demo codes to allow programmers to quickly come up to speed on the new platform. Pricing for the C6678 DSP starts at $169 for 1Ku and order entry is open today for both the C6678 and EVM.

    TI's comprehensive suite of multimedia codecs and third party ecosystem solutions will be available in March.

    TI @ Mobile World Congress

    While at MWC, visit TI at Booth 8A84 (Hall 8) to learn more about the latest communications infrastructure, analog, wireless and DLP news, and to check out a broad range of TI-based demos. For more information please visit www.ti.com/mwc2011.

    About Texas Instruments

    Texas Instruments helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through design, sales and manufacturing operations in more than 30 countries. For more information, go to www.ti.com.

    Trademarks

    All trademarks are the property of their respective owners.

    Photo: http://photos.prnewswire.com/prnh/20010105/NEF016LOGO
    PRN Photo Desk photodesk@prnewswire.com Texas Instruments

    CONTACT: Debbie Shemony of Texas Instruments, +1-301-407-9338,
    dshemony@ti.com; or Sarika Patel of GolinHarris, +1-972-341-2504,
    spatel@golinharris.com, for Texas Instruments, (Please do not publish these
    numbers or e-mail addresses.)

    Web site: http://www.ti.com/




    PT Debuts Highest Capacity SEGway(TM) X401e Signalling Solution for Large Carriers Worldwide

    ROCHESTER, N.Y., Feb. 10, 2011 /PRNewswire/ -- PT , a leading global provider of advanced network communications solutions, today announced the release of its highest capacity STP and Signalling Gateway platform to date, the SEGway X401e. The latest addition to PT's signalling portfolio addresses the challenges faced by large carriers planning to grow or migrate their networks to next-generation capability.

    PT's newest offering features exceptional performance on a robust, carrier grade platform, supporting a remarkable 4,536 SS7 links in a single frame. For carriers that need to maintain connectivity in the traditional SS7 network while transitioning to the IP (SIGTRAN) signalling environment, this high density, low price-to-performance ratio is critical. The unprecedented transaction per second rate follows a long PT tradition of delivering powerful 5-nines systems in a small footprint. In addition to the highest linkset capacity in the industry, SEGway X401e's capacity includes 3000 SIGTRAN associations, Global Title Translation (GTT), and other powerful features to seamlessly bridge traditional and IP signalling networks.

    IP is the key to achieving the scalability and adaptability required for today's leading edge signalling architecture. PT's product evolution has consistently featured IP-based solutions that far surpass the telecom industry's acceptable performance rates. Because SEGway's signalling architecture is strategically designed around IP functionality, it has the flexibility to scale, and to be equally efficient in a fully IP-based environment, in NGN signalling networks, or while bridging to traditional TDM-based networks.

    "It's not enough to keep up with growth; we must stay far ahead of growth in order to make our customers successful," said John Grana, Sr. VP, Products and Technology of PT. "Building on an IP backbone allows PT to provide scalable products and flexible value added features in their STPs such as SIGTRAN connectivity, and IP-Edge solutions, along with Global Title Translation and Point Code Emulation(TM)."

    Visit PT at the Mobile World Congress Show in Barcelona, February 14-17, Hall 1 Stand #1G15.

    Online Resources

    Telecommunications system architects and carrier network engineers needing advanced, signalling and next-generation telecom solutions can learn more about PT's SEGway and Xpress(TM) offerings by accessing the following online resources:

    --  SEGway Carrier Solutions: http://www.pt.com/page/carriers
    --  SEGway Signaling Solutions: http://www.pt.com/page/segway
    

    About PT (www.pt.com)

    PT is a global supplier of advanced network communications solutions to carrier, government, and OEM markets. PT's portfolio includes IP-centric network elements and applications designed for high availability, scalability, and long life cycle deployments. The company's entire line of offerings is anchored by IPnexus(R), PT's own IP-native, highly integrated platforms and element management systems. OEMs and application developers, including PT itself, leverage the robust carrier grade Linux(R) development environment and rich suite of communications protocols (PT's NexusWare(R)) of IPnexus Application-Ready Systems as a cornerstone component of their end product value proposition. PT's SEGway(TM) Signalling Solutions provide low cost, high density signalling, advanced routing, IP migration, gateway capabilities, SIP bridge, and core-to-edge distributed intelligence. The company's Xpress(TM) NGN applications enable evolving Mobile 2.0, Multi-media, and IMS based revenue generating services. PT is headquartered in Rochester, NY and maintains sales and engineering offices around the world.

    Forward-Looking Statements

    This press release contains forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act and should be read in conjunction with the Company's documents filed with the Securities and Exchange Commission.

    IPnexus, NexusWare, Point Code Emulation, PT, SEGway, and Xpress are trademarks or registered trademarks of Performance Technologies, Inc.

    The names of other companies, products, or services may be the trademarks, registered trademarks, or service marks of their respective owners in the United States and/or other countries.

    PT

    CONTACT: Noreen Jurek, PT Marketing Consultant, noreenjurek@bellsouth.net,
    Mobile: +1-919-418-5400; or Mary Pryor, PT Marketing Communications,
    map@pt.com, +1-585-784-7226

    Web site: http://www.pt.com/

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