CFD Trading Tips for How to Take a Position on Knight Capital Shares
LONDON, August 6, 2012/PRNewswire/ --
After an IT glitch caused randomised trades for Knight Capital on Wednesday, 1 August,
costing them $440 million - the major market-maker announced on Monday 6 August that it
had agreed a $400 million rescue deal.
Below, we look at the news out of Knight Capital and how you can trade CFDs on its
share price as an alternative to more conventional forms of trading.
'Faulty Upgrade' Causes Volatility in US Stocks
From Wednesday, 1 August to the close of trading on 2 August, Knight Capital's shares
price plummeted 75% after an IT glitch caused by a faulty software upgrade caused its
trading to go haywire, causing major volatility in the company's shares price.
A major market-maker on the New York Stock Exchange (NYSE) - they receive and carry
out buy and sell orders on behalf of their clients.
According to newspaper reports, the glitch is said to have affected the trading
algorithms, which are based on market data and client requests, sending out automatic buy
and sell orders.
Knight in Shining Armour: 'Reaches $400m Rescue Deal'
Today, Monday 6 August, Knight Capital announced it had reached a $400 million rescue
deal with a group of investors including Blackstone Group and TD Ameritrade.
Trade CFDs on Knight Capital Shares
A Contract for Difference (CFD) is an agreement between two parties to exchange the
difference between the opening and closing price of a contract.
Today more and more individual traders are discovering the benefits of derivatives,
and many of them are discovering them through a City Index trading platform.
As a group, we transact in excess of 1.5 million trades every month in over 50
countries. We provide access to a wide range of instruments including margined foreign
exchange, CFDs and, in the UK, financial spread betting.
We constantly look to improve the performance of our platforms and expand our range of
services. The result is our customers benefit from innovative trading tools with
transparent pricing, competitive spreads, and a high standard of customer support. Visit http://www.cityindex.co.uk for details.
CFD trading is a leveraged product which can result in losses greater than your
initial deposit. Ensure you fully understand the risks.
CFD trading is exempt from UK stamp duty. However, tax laws are subject to change and
depend on individual circumstances. Please seek independent advice if necessary.
Source: City Index
Contact: Joshua Raymond, City Index, +44(0)20-7107-7002, firstname.lastname@example.org
United Launch Alliance Congratulates NASA on Flawless Mars Landing
ULA's Atlas V Successfully Launched Mars Science Lab November 2011
CENTENNIAL, Colo., Aug. 6, 2012 /PRNewswire/ -- United Launch Alliance (ULA) congratulates NASA on the flawless landing of the Mars Science Lab (MSL) on the surface of Mars after a nearly nine-month journey to the red planet.
"ULA applauds NASA's MSL team on the remarkable technical achievements witnessed today as MSL touched down to begin its science mission on the Martian surface," said Jim Sponnick, ULA vice president, Mission Operations. "We could not be more proud of our role in safely and accurately delivering MSL and the Curiosity rover to orbit and look forward to the tremendous science that Curiosity will collect along with the yet unknown discoveries it will make."
Officials at the Jet Propulsion Laboratory (JPL) in Pasadena, Calif., had prepared for a possible course-correction maneuver 15 days after launch, but navigators determined the trajectory was spot-on and did not need the maneuver.
"This was among the most accurate interplanetary injections ever," said Louis D'Amario, mission design and navigation manager for Mars Science Lab during an interview in December 2011.
In celebration of MSL's landing, ULA hosted an event for 300 school-age children where future rocket scientists conducted simulated launch countdowns and MSL mission landings to learn about the importance of this science mission, as well as to generate excitement about pursuing science, technology and engineering careers.
The MSL mission was launched from Cape Canaveral Air Force Station in Florida Nov. 26, 2011 aboard an Evolved Expendable Launch Vehicle (EELV) Atlas V 541 configuration vehicle, which includes a 5-meter diameter RUAG Space payload fairing along with four Aerojet solid rocket motors attached to the Atlas booster. The Atlas booster was powered by the RD AMROSS RD-180 engine and the Centaur upper stage was powered by a single Pratt & Whitney Rocketdyne RL10A engine.
"This was an impressive launch on the Atlas V," said Amanda Mitskevich, program manager of NASA's Launch Services Program. "The teamwork between NASA's Launch Services Program, ULA and JPL made for an almost seamless integration and perfect launch of this historic mission."
Developed by the United States Air Force to provide assured access to space for Department of Defense and other government payloads, the commercially developed EELV Program supports the full range of government mission requirements, while delivering on schedule and providing significant cost savings over the heritage launch systems.
ULA's next launch from Cape Canaveral Air Force Station in Florida is the Atlas V Radiation Belt Storm Probes (RBSP) mission for NASA scheduled August 23 from Space Launch Complex-41.
ULA program management, engineering, test, and mission support functions are headquartered in Denver, Colo. Manufacturing, assembly and integration operations are located at Decatur, Ala., and Harlingen, Texas. Launch operations are located at Cape Canaveral AFS, Fla., and Vandenberg AFB, Calif.
Critical Watch(TM) Releases First Countermeasure Recommendation Engine
DALLAS, Aug. 6, 2012 /PRNewswire/ --Critical Watch, the innovator of Active Countermeasure Intelligence, today announced the launch of its ACI Recommendation Engine(TM). As the power behind the ACI Platform(TM), it provides the most effective method available to consolidate multiple disparate data points into a unified view of risks and recommend applicable countermeasures. The ACI Recommendation Engine(TM) is designed to help close the gap between detection and protection by linking risk assessment with active mitigation.
"There's a lot that goes into building a system that can reliably and accurately recommend countermeasures based on raw risk data that comes from different types of scanners with varying data models," noted Mike Curtis, vice president of technology strategy at Critical Watch. "Then to make that recommendation logic and functionality work in a common way across various vendors in disparate countermeasure categories is extremely challenging. This ground-breaking technology can change how the industry approaches the challenge of security intelligence going forward."
The ACI Recommendation Engine(TM) leverages the work of the Critical Watch Basecamp(TM) Labs research team. On a daily basis, the research team creates and integrates new rules into the ACI Platform(TM) and the ACI Recommendation Engine(TM), which drives the recommendation logic. Part the recommendation logic leverages standards including Common Vulnerabilities and Exposures (CVE), Common Vulnerability Scoring System (CVSS), Common Weakness Enumeration (CWE) and Common Attack Pattern Enumeration and Classification (CAPEC) to factor in a standards-based perspective.
The ACI Recommendation Engine(TM) identifies risk across your systems and recommends the optimal countermeasures, allowing semi and fully automated workflow to initiate the countermeasure process. This proactive approach integrates seamlessly across third-party security management tools such as security information and event management (SIEM) solutions, reducing the need for manual involvement and improving response time in mitigating risks.
Critical Watch is the innovator of ACI Platform(TM) (Active Countermeasure Intelligence) - a next generation information security technology that combines comprehensive risk intelligence with active mitigation. Critical Watch clients are Global 2000 enterprises across verticals such as healthcare, financial services, state and local government, ecommerce and manufacturing.
Critical Watch, ACI Platform, ACI Recommendation Engine, Basecamp Labs and FusionVM® are marks owned by Achilles Guard, Inc. dba Critical Watch - All Rights Reserved.
Hostess® Cakes Help Turn Lunchtime Into Fun Time With "Lunch Notes" For Loved Ones
New HostessCakes.com Lets Consumers Download Hostess Lunch Notes, Share Memories, Suggest Favorite Snack Cake Flavors and Submit Crave-able Recipe Ideas
IRVING, Texas, Aug. 6, 2012 /PRNewswire/ -- With summer vacation season wrapping up and families getting back to their daily routines, Hostess(®), the maker of America's most iconic snack cakes, is inviting fans to visit the sweet new home of their favorite tasty treats - the deliciously new HostessCakes.com - to help turn their "everyday" lunch into a small celebration with Hostess Lunch Notes.
The new Hostess Lunch Notes are a fun, easy way to brighten the day of family members or friends. Consumers can visit HostessCakes.com, print out the snack-themed note cards and drop them into their loved ones' lunch bags along with their favorite Hostess treats to help make that mid-day meal extra special. Tell someone you love to "Dream Big. The Pie's the limit" or let them know, "You Take the Cake, my friend."
In addition to Lunch Notes, Hostess fans can finds all kinds of fun on the new Hostess website. They can suggest new flavors for classic Hostess treats, share favorite Hostess memories, find fun recipes and submit delicious recipes of their own. With new compatibility with smartphones and tablets, the updated HostessCakes.com also changes how and where fans can find the latest tidbits and promotions for their favorite snack cakes including CupCakes, HoHos(®), Ding Dongs(®), Donettes(®) and, of course, Twinkies(®).
"Lunchtime can be fun time with a Hostess treat and a sweet note from someone special," said Amy Clark. "We hope Hostess lovers will check out our new online home, print out these tasty notes and experience all the other new features available on the site. With more than 300,000 Facebook fans we think the new site offers another interesting and engaging way for our consumers to interact and share with us about their favorite treats."
Hostess Brands, Inc. is one of the nation's largest providers of fresh-baked bread and sweet goods, sold under various brand names including Wonder(®), Merita(®), Home Pride(®), Nature's Pride(®), Hostess(®), Drake's(®), and Dolly Madison. The Company is headquartered in Irving, Texas.
SOURCE Hostess Brands, Inc.
Hostess Brands, Inc.
CONTACT: Hannah Arnold or Shannon Lynch, both of Linden Alschuler & Kaplan, Inc. Public Relations, +1-212-575-4545
Advanced Charting Functions on iPhone/iPad Dealing app
LONDON, August 6, 2012/PRNewswire/ --
Spread betting and CFD provider InterTrader.com [http://www.intertrader.com ] launched
an improved version of its dealing app for iPhone and iPad on Monday 30th June. The new
app contains advanced charting functions, giving clients the power to conduct complex
technical analysis on the move.
Multi-touch interactive charts can be accessed for all markets traded on the app, with
the ability to pinch, zoom and scroll through historical price data, presented in a range
of formats. The charts are truly live, updating in real-time with every price tick.
To analyse the data, clients can overlay multiple technical indicators with preset or
modified parameters, including Moving Average, Exponential Moving Average, Bollinger
Bands, MACD, RSI and TSI. The technical indicators also update automatically as the live
price changes. For greater control, clients can save their chart settings as templates -
ideal for applying favoured methods of analysis quickly - and choose between black and
white colour schemes.
Fast and reliable mobile trading
The InterTrader.com [http://www.intertrader.com ] dealing app for iPhone and iPad
allows clients to trade shares, indices, forex, commodities and more, via WiFi or roaming
internet. All markets available on the InterTrader web platform are also available on the
Clients can place a full range of orders using the trading app, including stops and
limits, guaranteed stops, new orders (with contingent stops and limits) and OCO (One
Cancels Other) orders.
InterTrader.com [http://www.intertrader.com ] also offers a version of its trading app
for Android smartphones. This provides very similar trading and charting functionality and
is also free to download.
InterTrader.com [http://www.intertrader.com ] provides a suite of products and tools
to help clients back their judgement in the financial markets. Its service covers shares,
indices, forex, commodities and more, and is supported by a free suite of trading tools
such as live market news, trading signals, expert research and a trader education
programme. InterTrader.com [http://www.intertrader.com ] aims to provide one of the
best-value trading packages around.
InterTrader.com [http://www.intertrader.com ] is a trading name of London Capital
Group Ltd, which is authorised and regulated by the UK Financial Services Authority.
Registered address: 2nd Floor, 6 Devonshire Square, London, EC2M 4AB.
The information and comments provided herein under no circumstances are to be
considered an offer or solicitation to invest and nothing herein should be construed as
investment advice. The information provided is believed to be accurate at the date the
information is produced.
For any further information, please contact Shai Heffetz or Sasha Redford on: +44(0)207-337-0100
or email at: email@example.com or firstname.lastname@example.org
NanoTech Entertainment (NTEK) Partners With VirtuaPin Cabinets
VirtuaPin Cabinets to Manufacture and Distribute NanoTech Pinball Wizard Gaming Controller
LAS VEGAS, Aug. 6, 2012 /PRNewswire/ -- NANOTECH ENTERTAINMENT (PINKSHEETS: NTEK) today announced it has entered into a manufacturing and distribution agreement with VirtuaPin Cabinets for NanoTech Gaming Labs Pinball Wizard game controller.
One of the flagship gaming products, the Pinball Wizard, is the only gaming controller on the market that provides a true Pinball experience to gamers. Its design is based on NanoTech's proprietary Mot-Ion(TM) interface controller. "By using real pinball machine parts combined with our exclusive technology, we are able to give gamers a truly engaging and authentic arcade experience while playing pinball games on their computer," stated Jeffrey A. Foley, NanoTech CEO.
"With the increase in global demand for the Pinball Wizard, we needed to find a partner who could handle our demands for high quality manufacturing. The VirtuaPin team was the right fit for us because of their fine attention to detail and years of experience in the Pinball world," continued Foley. "We are looking forward to a long term partnership which helps put our world-class gaming devices into the hands of those individuals who thrive on a perfectly replicated arcade feel."
About NanoTech Entertainment
Headquartered in Las Vegas, NV, NanoTech Entertainment is a technology company that focuses on all aspects of the entertainment industry. With three business units, focusing on Gaming, Media & IPTV and Mobile Apps, the company has a unique business model. The company has a diverse portfolio of products and technology. NanoTech Gaming Labs operates as a virtual manufacturer, developing its technology and games, and licensing them to third parties for manufacturing and distribution in order to keep its overhead extremely low and operations efficient in the new global manufacturing economy. NanoTech Media develops proprietary technology which it licenses to publishers for use in their products as well as creating and publishing unique content. NanoTech Communications develops and sells proprietary apps and technology in the Mobile and Consumer space. NanoTech is redefining the role of developers and manufacturers in the global market. More information about NanoTech Entertainment and its products can be found on the web at http://www.NanoTechEnt.com.
NanoTech Entertainment (PINKSHEETS: NTEK) trades on OTC Pink, the open marketplace for a wide spectrum of equity securities. Investors can find real-time quotes and market information at http://www.otcmarkets.com.
"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
About VirtuaPin Cabinets
Based in South Lyon, MI, VirtuaPin has a state of the art manufacturing facility that is centrally located providing optimal distribution of the Pinball Wizard products throughout the United States. As an outbranch of the popular online Pinball enthusiasts forum, VP Forums, VirtuaPin Cabinets has an expertise in the consumer pinball experience.
The NanoTech Entertainment logo is a trademark of NanoTech Entertainment, Inc. All rights reserved. All other marks are the property of their respective owners. "Pinball Wizard" is a trademark of NanoTech Gaming Labs., All Rights Reserved
Art.com Brings Exclusive WOW Collection of Contemporary Art to Millions in Partnership with Art Production Fund
Revenue from Eclectic Prop Art Will Help Fund Public Art Initiatives and Expand Art Audiences
EMERYVILLE, Calif., Aug. 6, 2012 /PRNewswire/ -- Art.com Inc., the world's easiest place to discover, experience and buy art, and the Art Production Fund (APF), a public art initiative dedicated to producing and presenting ambitious art projects, have teamed up to bring a unique series of contemporary works by well-known and emerging artists to a broader audience. The WOW (Works on Whatever) collection features canvas edition artworks produced by artists such as Jasper Johns and Jeff Koons, which include several prop art pieces originally created for the set of the popular CWshow Gossip Girl. The collection also includes canvas reproductions of graffiti art, murals and graphic posters. A portion of the proceeds from the sales of the entire collection of bold pieces will help support the APF in introducing contemporary art to a larger community and funding major public art initiatives.
"We proudly support the Art Production Fund and its mission to expand access to, and understanding of, incredible works of art," said Geoffroy Martin, CEO of Art.com Inc. "By giving the vibrant WOW collection additional exposure on our site, we're able to share these beautiful pieces with millions of people while providing a platform for these acclaimed and emerging artists."
The WOW Collection is launching with 11 unique canvas reproductions--only available on Art.com and through the Art Production Fund's website--in three different sizes, starting at $89. Works in the collection include:
-- Captivating pieces from Gossip Girl, including Jessica Craig Martin's
"Showing Pink" and "New Jeans, New Pool," and Richard Phillips' "Scout"
-- Iconic reproductions of Elmgreen & Dragset's "Prada Marfa Sign," as well
as Bowery steel gate street art--graffiti art, murals and graphic
posters that once brought color to the roll down security gates
protecting storefronts in New York City
-- Famous prop art from well-known contemporary artists Deborah Kass, Mary
Heilman, Miltos Manetas, Judith Bernstein and Gary Simmons, including "I
Wanna Rock With You," "Ecstasy," "Prop Art," "*$#@! War!" and "Paradise,
A Love Affair"
"This partnership allows us to celebrate and spread love for contemporary art to a robust yet diverse group of art enthusiasts," said Doreen Remen, co-founder of the Art Production Fund. "It is our hope that, together, we'll not only raise funds to help guarantee the production of future art projects nationwide, but also ignite a passion for art within everyone."
With more than 12 million customers in 120 countries worldwide, Art.com Inc. is the world's largest online specialty retailer of high-quality wall art. The company was founded in 1998 with one goal--to help people find the art they love so they can love their spaces more. Offering an unparalleled assortment of art images, Art.com's vision is to forever lead the way art is experienced and consumed. Art.com Inc. runs three sites in the USA--Art.com, AllPosters.com and ArtistRising.com--and has a strong international presence with 25 local sites in Europe, Japan, Canada, Australia, Mexico, and South America.
The company offers custom framing and specialty printing, interactive visualization tools to help people find the perfect piece of art for their space and an app for iPad called artCircles, that lets users explore art from a hand-picked selection of curated collections. Art.com, Inc. is a privately held company headquartered in Emeryville, CA, with other facilities in Ohio, North Carolina and the Netherlands. Art.com. We Are Art, YOU+ART and artCircles are trademarks of Art.com Inc. For more information, visit http://www.art.com.
Future Systems Solutions Launches Casper(TM) 7.0 Tech Edition for Computer Technicians, System Integrators, and IT Departments
INDIANAPOLIS, Aug. 6, 2012 /PRNewswire/ -- The easiest and fastest disk upgrade and backup utility for IT professionals just got better. Future Systems Solutions, Inc. (http://www.fssdev.com) announces the latest version of Casper Tech Edition, its popular backup and disk cloning solution designed specifically for computer technicians, system integrators, and IT departments. Casper 7.0 Tech Edition makes it faster and easier than ever to upgrade, replace, back up, restore, and re-image Windows system disks on servers, desktops, and laptops alike.
New functionality adds support for creating, maintaining, and restoring disk image file backups that can be stored virtually anywhere, including network attached storage devices and drives containing other data. In addition, exclusive SmartClone(TM) technology safely eliminates the redundant transfer of data during the imaging process, dramatically reducing the time required to update a backup, restore, or re-image a Windows system.
A new customizable startup environment, streamlined interface, and SmartStart(TM) wizards make short work of hard disk upgrades and replacements too. With automatic detection of new disks, Casper 7.0 Tech Edition enables commonly performed disk upgrades and replacements to be started with a single click.
New features include:
Disk Image File Backups - create, maintain, and restore disk image files, which can be stored virtually anywhere.
Startup Disk Creator Wizard - create a customized startup environment for Casper Tech Edition with options to add additional storage and network drivers, custom drivers, custom network settings, and more.
SmartStart(TM) Wizard - greatly simplifies the process of replacing an existing Windows system disk with a new disk.
New Streamlined Interface - enables faster and easier hard disk upgrades and managed backups.
Enhanced AccuClone(TM) Technology - provides additional support for cloning larger drives to smaller drives, making migration to Solid State Drives faster than ever.
Casper SmartRelease(TM) - automatically prepares portable drives for safe removal after a copy has been completed.
Enhanced Solid State Drive (SSD) and Advanced Format Drive Support - additional support for identifying solid state and Advanced Format drives
Future Systems Solutions develops and markets innovative software solutions for the PC. Headquartered in Indianapolis, IN, FSS also has offices in Columbus, OH and Atlanta, GA. Further information may be obtained by calling 800-272-5457, by visiting the FSS website at http://www.fssdev.com, or contacting Marty Rubenstein at email@example.com.
This release was issued through The Xpress Press News Service, merging e-mail and satellite distribution technologies to reach business analysts and media outlets worldwide. For more information, visit http://www.XpressPress.com.
tw telecom Launches National Availability of Dynamic Capacity
- tw telecom's Dynamic Capacity immediately changes network bandwidth capacity, without service interruption
- Allows customers to double or triple capacity of E-Line Business Ethernet on-demand
LITTLETON, Colo., Aug. 6, 2012 /PRNewswire/ -- tw telecom inc., (NASDAQ: TWTC) a leading provider of managed services, including Business Ethernet, converged and IP VPN solutions for enterprises throughout the U.S. and globally, today announced national availability of Dynamic Capacity, the second phase of its Intelligent Network service portfolio.
With tw telecom's Dynamic Capacity service, enterprise customers are able to scale their E-Line Business Ethernet bandwidth and capacity immediately across the network - without service interruption - through the same simple to use MyPortal interface they use for all tw telecom services. Dynamic Capacity is available to customers and prospects in approximately 16,000 tw telecom fiber-connected buildings in 75 major metro markets across the country.
"Dynamic Capacity allows customers to immediately scale up their network capacity in response to business activity peaks and demands, and then return to their original committed base rate as they choose, all without interrupting their network connections," said John Blount, Chief Operating Officer at tw telecom. "Imagine being able to increase network capacity in seconds. Dynamic Capacity customers don't have to imagine; they do it. Our MyPortal feature also allows CIOs to see the cost impacts of these changes so the company can budget more closely and allocate costs more efficiently for a marketing promotion or other high bandwidth activity."
"To support the rapid proliferation of networked business applications, IT professionals increasingly need better real time visibility and control of their networks," said Erin Dunne, Director of Research Services, Vertical Systems Group. "A significant challenge is how to efficiently manage network bandwidth capacity in response to new Cloud apps or changes in existing applications. tw telecom addresses these needs with its Intelligent Network capabilities. Specifically, Dynamic Capacity is a unique capability that enables CIOs to look into their network metrics in real time and then allocate Ethernet bandwidth capacity on-demand."
With Dynamic Capacity, E-Line Business Ethernet customers are able to scale their bandwidth, doubling or tripling capacity, in a matter of seconds, without service interruption. Customers are able to manually control bandwidth increases through tw telecom's MyPortal where they can increase capacity on-demand. Customers are also able to schedule a bandwidth increase to accommodate an event such as data backup and retrieval. Through the Scheduling Assistant, customers are able to set an increase in bandwidth, for a particular amount of time, while they are away from the office. The increase in capacity then occurs automatically. Future options to increase network capacity will include APIs (an Application Programming Interface) where the application will signal to the network the need for an increase in bandwidth.
tw telecom has taken a unique approach in developing and delivering its Intelligent Network portfolio. Because the Intelligent Network capabilities leverage the company's comprehensive data services platform and its integrated systems architecture, the Intelligent Network services suite is scalable to meet the needs of all managed services customers.
The first phase of tw telecom's Intelligent Network, Enhanced Management, gives managed service customers access to critical performance data of the Ethernet or IP VPN services in a granular view, segment by segment. Dynamic Capacity is the second phase of the Intelligent Network giving E-Line Business Ethernet customers the ability to scale their bandwidth in real time. The third phase of the Intelligent Network, currently under development, will focus on providing managed service customers an applications aware networking capability so applications are able to be prioritized in real time while applying network resources in a flexible way to meet business needs.
"Our Intelligent Network is designed to provide customers with network capabilities, including bandwidth when they need it, where they need it and how they need it, and most importantly, in real time," Blount said. "The tw telecom Intelligent Network allows customers to automatically see critical performance data, add bandwidth, prioritize traffic, as well as enable customers to dynamically access best of breed Cloud solutions."
tw telecom connects more commercial buildings to its resilient, fiber network than any other competitive communications provider. Vertical Systems Group's U.S. Ethernet Leaderboard ranks tw telecom among the top three service providers in the country. tw telecom owns and operates its own metro fiber networks and has one of the ten most interconnected in the world. With these capabilities, tw telecom has the national capability, robust product portfolio and national/local customer care teams to support mission critical enterprise applications and to deliver the most sought after customer experience in the industry.
About tw telecom
tw telecom holdings inc., a unit of tw telecom inc., headquartered in Littleton, Colo., provides managed network services, specializing in business Ethernet and transport data networking, Internet access, voice, VoIP, VPN and security, to enterprise organizations and communications services companies throughout the U.S. As a leading provider of integrated and converged network solutions, and its own Intelligent Network capabilities, tw telecom delivers customers overall economic value, quality, service and improved business productivity. Please visit http://www.twtelecom.com for more information.
U.S. Department of Treasury Unveils New Ready.Save.Grow. Facebook Page
The Campaign Offers Long-Term Savings Resources and Information about Digital Savings Bonds
WASHINGTON, Aug. 6, 2012 The U.S. Department of the Treasury's Bureau of the Public Debt has launched a Facebook page (http://www.facebook.com/readysavegrow) to highlight its new savings campaign, Ready.Save.Grow. The Facebook page provides another channel for the Treasury Department to encourage more Americans to save, while informing them about affordable, safe and convenient Treasury savings options.
"Our goal is to provide helpful savings information where many of us spend most of our waking hours - online," said Jerry Kelly, national director of Treasury's Ready.Save.Grow. campaign. "Facebook, along with Twitter and YouTube, allows us to listen to users' struggles and successes with saving, while also bringing Ready.Save.Grow. resources to people who are looking for new and supplementary ways to save for a home purchase, a child's education, retirement or another dream."
Digital savings bonds offer a convenient way to save. They can be bought for as little as $25, after setting up a free account on TreasuryDirect.gov, a secure, web-based system operated by the Bureau of the Public Debt since 2002.
Preventice to exhibit mobile health technology at 2012 American Academy of Dermatology Summer Academy
Mobile health solutions designed to improve patient engagement and compliance, creating environment of continuous care
MINNEAPOLIS, Aug. 6, 2012 /PRNewswire/ -- When the American Academy of Dermatology hosts its 2012 Summer Academy on August 15-19 in Boston, attending health care professionals will be introduced to cutting-edge, mobile health solutions that can help them stay connected to their patients, while improving compliance with individual care plans.
These mobile health solutions will be exhibited by Preventice at Booth #906 during the 2012 Summer Academy in Boston. More than 1,200 dermatology and health care professionals are expected to attend.
Mobile health technology on the rise in health care
Mobile technologies are reshaping the way health care is delivered and how patients engage with the health care system. According to an industry survey by CompTIA, more than 50 percent of health care professionals currently use a smartphone for work purposes, while 25 percent use tablets. Those numbers are expected to increase as more clinic systems adopt mobile platforms. Likewise, according to a survey by PricewaterhouseCoopers, 46 percent of patients believe mobile health offers convenient access to their doctors, along with the potential to reduce their personal health care costs.
Mobile health solutions from Preventice
Preventice delivers mobile health solutions that make it easy for patients to engage, and comply with individual care plans, which in turn improves outcomes and reduces health care costs as care becomes more effective and efficient. Solutions from Preventice also create a continuous connection between health care providers and patients, which leads to greater engagement and enhanced self-care.
Attendees to the 2012 Summer Academy will have the opportunity to test drive mobile health solutions from Preventice, including:
-- CARD--An application to help manage and prevent allergic skin reactions.
CARD was built in collaboration with Mayo Clinic and is based on the
world's largest database of known allergens. Show special: Visitors to
Preventice at Booth #906 can sign up to receive a FREE six-month trial
of CARD for use in their practice.
-- HealthClips Rx--An interactive patient education platform that
transforms the standard patient education approach into an interactive
and customizable tool that can also be used to track patient compliance
against readmission data.
Preventice, a leading developer of mobile health applications and remote monitoring systems, aims to engage patients with their care plans and close the patient engagement gap--the half trillion dollar cost created by patients failing to follow individual care plans. Technology from Preventice creates a continuous connection and exchange of data between health care providers, life science companies and patients. Current applications from Preventice address high-cost and chronic conditions and health management opportunities, including prescription medication management, cardiac care, sleep apnea, diabetes management, and migraine headaches. Preventice is headquartered in Minneapolis, with offices in Rochester, Minn., and Fargo, N.D. For more information, visit http://www.preventice.com.
For more information:
Colleen Kulhanek Barbara Tabor, APR
Preventice Tabor Communications Consulting for
MegaTuxedos.com is Offering Lower Prices on Leading Men's Tuxedo Styles and Brands Just in Time for Summer
LOS ANGELES, Aug. 6, 2012 /PRNewswire/ -- Those that are on the search for amazing formal wear can often find themselves overwhelmed with the sheer amount of choices on styles and designs for these outfits. This is especially difficult when heading into local retail stores that will attempt to push customers towards the most expensive brands without a consideration on the style, body type, or budget of each individual. To make this process easier and more affordable than ever, MegaTuxedos.com, men's tuxedo retailer is now offering new low prices on some of their top designs for all men's tuxedos just in time for summer.
Summer is often considered to be the time when many of the most important occasions in an individual's life will take place. From exciting trips and dances to the weddings of family and friends, cheap men's tuxedos will often be required for a number of these life-changing situations. When many think of this type of formal wear, they assume that they will not be able to find the best clothing at competitive prices, but colorful tuxedos, vintage tuxedos, boys tuxedos, and modern fit tuxedos are now more affordable than ever at MegaTuxedos.com.
This trusted online tuxedo retailer continues to provide their customers with some of the most popular options for these world-class outfits. In addition to the already low prices that they offer on all of their apparel, they also provide each customer with a 100 percent satisfaction guarantee. This means that when it comes time to buy tuxedos online, all men will be able to make their next purchase with confidence that they are getting the right outfit at the right price.
The very thought of purchasing formal wear can be daunting for some men, but a few simple steps can be taken in order to ensure that everyone ends up with the right apparel at a price that they can afford. This is why more customers than ever have begun to turn to MegaTuxedos.com so that they will look and feel great in the perfect brand, cut, color, style, and design at their next wedding, dance, or other exciting event.
MANCHESTER, England, August 6, 2012/PRNewswire/ --
Online bookmaker Betfred.com http://www.betfred.com [http://Betfred.com ] have
launched a new TV campaign giving all new customers a free GBP5 no deposit bonus on their
fantastic selection of Mobile games. This latest ad campaign follows hot on the heels of
the highly successful Betfred Mobile TV campaign which ran for the duration of Euro 2012,
which saw players awarded with a free GBP10 football bet when staking GBP10 on Mobile
At Betfred Mobile, customers are spoilt for choice with the best mobile slots and
table games on the market including Roulette, Blackjack, Wolf Run, Monopoly Multiplier and
the UK's number one slot game Rainbow Riches.
"We know at Betfred we have the best mobile product on the market and we're putting
our money where our mouth is by offering new customers a completely free GBP5 no deposit
bonus so they can see for themselves.
"Our TV campaign during the Euros was a major success and we're building on that by
adding in our latest new mobile slot game Wolf Run, combined with a great offer."
ZocDoc Comes to Orlando, Helping Patients Find Doctors and Instantly Book Appointments Online
Orlando Becomes the 20th US City to Offer ZocDoc's Free Service to Residents
ORLANDO, Fla., Aug. 6, 2012 /PRNewswire/ -- ZocDoc arrives in the Orlando area today, helping residents effortlessly secure faster access to medical care. ZocDoc is a free service that allows patients to find a doctor nearby who accepts their insurance, view the doctor's real-time availability, and instantly book an appointment online. The typical ZocDoc patient sees a doctor in 24 to 72 hours - a vast improvement from the three week national wait time average.
ZocDoc's arrival in Orlando marks the 20(th) US city to offer the company's free services, and at launch, patients in Orlando can book appointments with participating primary care doctors, obstetrician-gynecologists and dermatologists. Many more specialties will soon be launched on the service.
To use this free tool, patients simply enter their location, insurance, and the type of doctor they would like to see on the ZocDoc website (http://www.zocdoc.com) or the free ZocDoc mobile app for iPhone, Android, and Blackberry. The service then shows local doctors' availability, qualifications, and verified patient reviews to help patients choose the Orlando physician who best fits their needs. Patients then select an available appointment time and complete a brief confirmation process. With ZocDoc, patients can book anytime, anywhere - whether the doctor's office is open or closed.
"We couldn't be more excited for Orlando to be the 20(th) city to offer our services," said ZocDoc founder and CEO Cyrus Massoumi. "We've heard about the long wait times throughout the Orlando area, and we look forward to helping patients receive faster access to the medical care that they need and deserve."
ZocDoc puts some of the power back in Orlando patients' hands by revealing a hidden supply of doctor appointments (including many last-minute cancellations) and making them instantly available online. This transparency reduces patients' long wait times and increases efficiency for local doctors' practices - a vital service given the country's current doctor shortage, which only stands to become worse with 32 million new patients entering the system under the Affordable Care Act.
ZocDoc currently offers medical appointments in major metropolitan areas across the US including Atlanta, Austin, Baltimore, Boston, Chicago, Dallas-Fort Worth, Denver, Detroit, Houston, Los Angeles, Miami-Palm Beach, New York, Orlando, Philadelphia, Phoenix, San Diego, San Francisco, Seattle, Tampa Bay, and Washington, DC.
ZocDoc also offers a Spanish-language version of its free service called ZocDoc en Espanol (espanol.zocdoc.com; iPhone and Android) that helps Hispanic patients effortlessly find Spanish-speaking doctors and book appointments with them.
To learn more about ZocDoc, please visit the ZocDoc press room. Follow the latest ZocDoc news on the ZocDoc blog, via Twitter, or on Facebook.
ZocDoc, founded in 2007, is improving access to healthcare by enabling patients to search for doctors, sort by location and insurance accepted, read verified reviews, and instantly book appointments online or via the free ZocDoc Apps for iPhone, Android, and BlackBerry. More than 1.5 million people use ZocDoc to find a doctor or dentist each month.
New BioMAP® Systems Website Highlights Predictive Assay Platform's Ability to Enhance Drug Discovery Success, Chemical Safety
Primary Human Cell-Based Assays Recapitulate Human Biology and Bridge the In Vitro to In Vivo Gap in Drug Discovery
SOUTH SAN FRANCISCO, Calif., Aug. 6, 2012 /PRNewswire/ -- BioSeek, LLC today announced the launch of a new website for the company's proprietary BioMAP® systems platform (http://www.BioMAPSystems.com), with numerous features and resources to educate visitors on the primary human cell based assay system's ability to increase the success rate of drug discovery and the safety of chemicals used in industrial and consumer products.
BioMAP® assays are human primary cell-based assays that read out a unique signature of biological activity for every active compound including both drug candidates and a wide range of chemicals. Using proprietary computational algorithms, the BioMAP® platform compares test compounds to a proprietary reference database containing data on over 3,000 experimental and approved drugs. The result provides users with actionable data at every stage of the discovery and development process, including lead selection, lead optimization, mechanism of action studies, toxicity profiling, and nomination of candidates for preclinical development. With over 30 cell-based disease models current available within the BioMAP® systems platform, BioSeek is continually working with its partners to expand the platform to new cell types and disease areas.
"Visitors to the site can learn about the BioMAP® technology and how it can be applied to gain information about their compounds' activities in a wide range of cell types and tissue states," said Ellen Berg, Ph.D., General Manager of BioSeek. "BioMAP® profiling can help users understand a compound's mechanism of action, potential safety profile, and get a preview of how the compounds may act in animal as well as clinical studies."
The new BioMAP® systems website provides such features and resources as:
-- Copies of scientific presentations highlighting the capabilities and
specific uses of the BioMAP® systems platform
-- Information about the use of the BioMAP® platform for forecasting
chemical toxicities as part of BioSeek's work with the EPA's ToxCast(TM)
-- Case studies about the application of BioMAP® for differentiation of
lead compounds, identifying novel compound mechanisms of action, and
explaining unexpected clinical effects.
"We plan to continue building this site as a go-to resource for pharmaceutical and biotechnology companies seeking information, services and resources to help them better understand their compounds in the context of human biology well before they get into the clinic," said Dr. Berg. "Our BioMAP® technology is the culmination of over 12 years of scientific experience working with more than 30 companies on their drug discovery and development programs, as well as with the EPA's ToxCast(TM) Program."
BioSeek, LLC, located in South San Francisco, California, is a drug discovery services company that applies human primary cell assays and predictive disease models to the discovery and development of human therapeutics and safer chemicals. BioSeek improves the success rate of drug discovery and development by integrating human biology from the earliest stages of drug discovery onward through its unique BioMAP® platform. Our mission is to accelerate drug compound validation and enable our clients to take safer and more effective products into the market. Founded in 2000, BioSeek has established a leadership position by combining proprietary technologies and extensive know-how for pre-clinical modeling of human biology. For more information about our company please visit our website at http://www.bioseekinc.com.
First Social Gaming Project, myVEGAS, Features MGM Resorts' Collection of Iconic Properties and Real-World Rewards
BURLINGAME, Calif. and LAS VEGAS, Aug. 6, 2012 /PRNewswire/ -- PLAYSTUDIOS, a new game development company focusing on free-to-play games of chance, today unveiled their first project, myVEGAS. A Facebook destination for the latest breed of social entertainment, myVEGAS delivers a new level of authenticity and play value as gamers play gambling games, unlock and explore a virtual Las Vegas and earn real-world rewards. myVEGAS is now playable in live beta on Facebook.
"myVEGAS is at the intersection of gambling and social gaming. With the emergence of Facebook as a leading gaming platform, we saw an opportunity to offer deeper and more engaging game play that captures the true essence of Las Vegas," said Andrew Pascal, founder, president and chief executive officer of PLAYSTUDIOS. Pascal previously served as president and chief operating officer of Wynn Las Vegas and Encore, a luxury hotel and destination casino resort. PLAYSTUDIOS marks a return to his entrepreneurial roots, where Pascal founded and led two Silicon Valley-based startups: Silicon Gaming and WagerWorks.
Through a partnership with MGM Resorts International (NYSE: MGM), PLAYSTUDIOS has secured the exclusive social gaming and mobile rights for Las Vegas' premier properties: ARIA, Bellagio, MGM Grand, Mandalay Bay, The Mirage, Monte Carlo, New York-New York, Luxor, Excalibur and Circus Circus.
Bill Hornbuckle, MGM Resorts International's Chief Marketing Officer, said, "We have actively watched the explosion of the social gaming landscape and evaluated the options for extending our brands through these increasingly important channels. In partnership with PLAYSTUDIOS, we have created a platform that will engage and entertain existing MGM Resorts customers, attract new ones and allow us to strengthen our brands in a new and relevant fashion."
myVEGAS provides access to a diverse array of chance-based games, combining established gambling formats with immersive and entertaining social game mechanics and storylines. The initial suite of experiences featured in myVEGAS includes slot and table games. The myVEGAS entertainment destination will continually evolve as new games and game categories are introduced.
myVEGAS players will earn Loyalty Points as they spend time playing the portfolio of games. These Points may be redeemed for real-world rewards. The myVEGAS Loyalty Program will feature offerings from all of the participating MGM Resorts International properties. Rewards will range from choosing the song for the Fountains of Bellagio or diving with the sharks at Mandalay Bay's Shark Reef Aquarium to gourmet dinners, luxurious hotel stays, Cirque du Soleil show tickets and access to Las Vegas' hottest pools and nightclubs. Hundreds of thousands of discrete prizes will be awarded to myVEGAS loyalists, amounting to millions of dollars in value.
PLAYSTUDIOS is a developer of engaging casual games for the world's largest social platforms. The company has been operating as incuBET while in stealth mode. Founded by a team of experienced gaming and technology entrepreneurs, PLAYSTUDIO's first free-to-play application, myVEGAS, combines the best elements of popular social games with established gambling mechanics. Players enjoy an ever-growing collection of slot and table games and the opportunity to earn an unprecedented selection of valuable, real-world rewards. In creating myVEGAS, PLAYSTUDIOS has partnered with MGM Resorts International and its portfolio of the most recognized resorts in the industry, including ARIA, Bellagio, MGM Grand, Mandalay Bay, The Mirage, Monte Carlo, New York-New York, Luxor, Excalibur and Circus Circus.
Eddiemae Jukes and Lilit Baron
TriplePoint for PLAYSTUDIOS
Phone 212 730 9744
EMC DLm8000 First Mainframe Virtual Tape Library to Deliver Synchronous Replication
New Solution for Large Enterprises Supports EMC VMAX, Offers 2.5x the Performance of Its Closest Competitor and Ensures Rapid and Predictable Recoveries
HOPKINTON, Mass., Aug. 6, 2012 /PRNewswire/ --
-- EMC announces the DLm8000, a unique, high-end addition to its Disk
Library for mainframe family of virtual tape libraries.
-- The new DLm8000 leverages EMC(®) VMAX(®) with powerful EMC SRDF(®)
synchronous replication ensuring consistency of tape data at production
and disaster recovery sites.
-- Large enterprise z/OS mainframe users gain highly granular and
predictable recoveries, with accelerated RTOs and more flexible RPOs.
-- The cost and complexity of D2D2T systems are eliminated and the complete
removal of physical tape from the mainframe environment is enabled.
EMC Corporation (NYSE: EMC) today announced the EMC DLm8000, a new high-end product for large enterprise mainframe environments. The DLm8000 is the only mainframe virtual tape library that ensures consistency between tape data at both production and recovery sites, providing the shortest possible RPO and RTO for critical recovery operations. With support for powerful, trusted and smart EMC VMAX enterprise storage and Symmetrix(®) Remote Data Facility (SRDF) replication, the DLm8000 rounds out EMC's portfolio of mainframe virtual tape library offerings with a solution geared to the needs of mission critical environments.
Consistency of tape data between production and recovery sites is particularly desirable for large, transaction-oriented enterprises such as banking, brokerage and insurance companies, where disaster recovery with predictable Recovery Time Objectives (RTOs) is a must. Physical tape transportation by third party records management companies hinders recovery efforts by reducing the granularity of Recovery Point Objectives (RPOs) and dramatically increasing the RTO. In addition, periodic lack of tape drive availability for batch processing, archive and backup applications can impair SLAs, further increasing the risks and business impact associated with unplanned service interruptions.
The new DLm8000 addresses all of these challenges, while integrating industry leading technologies from EMC into a massively scalable, high performance and highly available solution that helps mainframe users gain control over their tape processes and meet their recovery SLAs.
Available for the first time in the EMC Disk Library for mainframe, VMAX is the storage platform of choice for mission critical mainframe environments where customers require performance in addition to securing and protecting their information. EMC SRDF is the "gold standard" for remote replication, providing the maximum levels of availability in DR situations. The DLm8000 with VMAX provides the highest levels of performance and availability for both disk storage and tape data. Together, these solutions enable mainframe customers with consistent and automated DR for both disk and tape data.
DLm8000 Product Highlights
-- Throughput of up to 2.7 GB/s delivers 2.5x the performance of the
DLm8000's nearest competitor.
-- Continuous replication to the DR site means data is immediately
available to provide rapid RTOs and more flexible RPOs.
-- Up to 2,048 emulated drives can be allocated to different processes,
even temporarily, to improve overall system processing capabilities.
-- Reliability levels that meet the mission critical needs of large
mainframe environments, while enabling dramatically enhanced data
For a full list of DLm8000 features and capabilities, download the EMC Disk Library for mainframe data sheet.
Industry Analyst Quote:
Ray Lucchesi, President, Silverton Consulting
"Large financial organizations with high transactional volume have historically faced recovery challenges because their mainframe tape and DASD data at production and secondary sites were never fully in synch. As such, recovery procedures were often held up until the differences between the two data types were resolved resulting in longer failover time frames. The EMC DLm8000 offers an innovative solution to these challenges that can help these enterprises align their recoveries to their desired RTOs."
EMC Executive Quote:
Shane Jackson, Vice President of Marketing, EMC Backup Recovery Systems Division
"The ability to replicate tape data synchronously has been in high demand from large enterprise mainframe users, but thus far they have been forced to accept sub-optimal recovery options in an effort to approach their desired SLAs. With the introduction of the DLm8000, EMC becomes the first to solve this problem for our customers. They can now confidently deploy synchronous replication and industry-leading VMAX storage systems integrated into a single solution. The DLm8000 enables these users to consistently achieve their recovery objectives and remove physical tape and its associated problems from their mainframe environments."
EMC Global Services can enhance the effectiveness of DLm8000 deployments and help customers optimize the performance, reliability and efficiency of their environments. Service offerings include infrastructure assessments that provide recommendations for stabilizing and maximizing the effectiveness of the current environment, as well as a range of other services that help organizations transform their IT operations and increase business agility.
The DLm8000 will be generally available in Q4.
EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing. Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset -- information -- in a more agile, trusted and cost-efficient way. Additional information about EMC can be found atwww.EMC.com.
EMC, Symmetrix, SRDF and VMAX are registered trademarks or trademarks of EMC Corporation in the United States and other countries. All other trademarks herein are the property of their respective holders.
SOURCE EMC Corporation
CONTACT: Ed Luboja, (203) 210-7404, firstname.lastname@example.org
New Wildfire Data Quantifies the Impact of a Brand's Most Active Fans
Social media marketing leader to share data, best practices for engaging host free webinar, "The Brand Advocate Factor" on Wednesday, August 8 at 10am PT / 1pm ET
REDWOOD CITY, Calif., August 6, 2012 /PRNewswire/ -- Wildfire, the global leader in socialmediamarketing software, today released data that underscores the importance of identifying and engaging a brand's most influential fans. The data is based on an analysis of 10,000 social marketing campaigns that ran on Facebook over the past 9 months, of which the top performing 10%, belonging to just under 700 brands, were isolated and studied to ascertain key differentiators that achieve success.
Key conclusions from the analysis include:
-- Sharing of social media campaigns generates significant earned media.
Wildfire's data shows that campaign "sharers" and "advocates" (whose
shares result in someone new engaging with the campaign) generate an
average of 14 earned media impressions each. In other words, for each
sharer, 14 additional people will learn about the campaign in their news
-- Sharing has a large impact on page engagement. Brands that are highly
effective at engaging sharers and advocates, via campaigns, see 3x more
engagement on their page than other brands (in the form of user
participation with custom applications, and "likes," shares, and
-- Brand "advocates" bring in an average of 1.3 new people each. For every
10 advocates a brand gets to join their social campaign, 13 entirely new
people will engage with the brand's campaign through clicks, entries and
-- Advocates can also impact fan growth. Tripling the number of advocates
in campaigns (as our top 10 "super brands" did in this study) correlated
with a 13x higher annual fan growth relative to average-performing
"This data clearly shows that brands need to be focused on nurturing their most active fans, particularly their brand advocates," said Victoria Ransom, CEO and Founder at Wildfire. "Brands should give users a variety of ways to engage with them -- and several options for what to do when they get there -- to increase time spent on the page as well as return activity. Brands should also give users specific instructions about what to do to engage. For example, if you want someone to 'Like' your post, it helps to directly ask for it."
Wildfire will host a free webinar, entitled "The Brand Advocate Factor: How Best-in-Class Brands Breed Communities of Brand Advocates That Supercharge Social Media Campaigns" on August 8, 2012 at 10am PT. The webinar will showcase the study's key findings and share more in-depth best practices for engaging advocates. For more information or to register for the webinar, please visit: http://bit.ly/MTDMfu
Wildfire is the global leader in social media marketing software, with over 16,000 paying customers worldwide, including 30 of the world's50 mostvaluablebrands. Wildfire's Social Marketing Suite combines best-of-breed social promotion and advertising software, robust mobile and desktop page management, messaging and sophisticated real-time analytics in one complete platform. Wildfire's powerful and intuitive software allows creative marketers and non-technical managers alike to create social campaigns and pages, communicate with their social audience and measure social media performance. Brands and agencies such as Virgin, Amazon, Unilever and Ogilvy as well as thousands of businesses use the Wildfire platform to engage with audiences on major social networks, including Facebook, YouTube, LinkedIn and Twitter. The only social media marketing company to receive an investment from Facebook's fbFund, Wildfire has offices in California, Chicago, New York, London, Paris, Munich, and Singapore. For more information, please visit http://www.wildfireapp.com.
MTN Satellite Communications Introduces Broadcast Group to Provide Audio and Video Transmissions from Remote Locations Around the World
Offers Ability to take any Form of Broadcast Content and Seamlessly Transmit from Ships, Trains, the Battlefield, or even Submerged Submarines
MIRAMAR, Fla., Aug. 6, 2012 /PRNewswire/ -- MTN Satellite Communications (MTN), the leading global provider of communications, connectivity and content services to remote locations around the world, today announced the formation of a new business unit that will offer customers the ability to transmit any type of broadcast content from just about anywhere in the world. The company has long been the trusted transmitter of broadcast quality video and audio for major, remote events whether on a ship, train, from the battlefield, or even from a submerged submarine.
All the major U.S. networks have called on MTN at one time or another to have content sent back for their morning shows, nightly news, or live prime time events from some of the most remote and toughest terrains on the planet. Most recently, (June 10, 2012), MTN delivered the largest live broadcast to date from a moving vessel at sea when it provided a continuous uplink from Royal Caribbean International's Oasis of the Seas for real-time broadcast insertions of the ship's Hairspray production show to the 2012 Tony Awards televised on the CBS network. The broadcast took place from the ship in the open ocean between the islands of The Bahamas and Haiti and delivered the live video coverage back to CBS in the Beacon Theater in New York City, NY.
There are multiple-use cases for implementing this type of capability ranging from entertainment to research to supporting mission-critical military operations. In addition to the recent Tony Awards, MTN's mobile broadcast track record includes:
-- NBC- a Ford F350 vehicle retrofitted by MTN with live television and
satellite transmission continuously broadcasted reports from Iraq
-- Disney Cruise Line - hosts live radio broadcasts from the Disney Ships
-- CNN - hosted a show on the anniversary of the Titanic aboard Azamara
Club Cruises' Azamara Journey and broadcasted it to its international
markets around the world
-- Radio station broadcasts - stations bring "prizewinners" on a cruise and
actually do their shows remotely from the vessel
"There is growing interest and requirements by all types of commercial and government organizations to have various content delivered from remote locations for education, entertainment and mission critical communications," said Richard Hadsall, Chief Technology Officer, MTN. "This team demonstrates our ongoing commitment to providing the most secure and reliable service available on the market. Our track record of successful broadcasts speaks for itself and we look forward to this being a continued growth area for MTN as more people demand connectivity for multiple purposes, regardless of where they are located."
About MTN Satellite Communications
MTN Satellite Communications (MTN), the first company to offer a stabilized Very Small Aperture Terminal (VSAT) satellite solution for ships at sea, has contributed to the evolution of the satellite industry over the past three decades, delivering communications solutions that address the needs of people moving around the world. Through MTN's reliable global satellite network and expertise, the company continues to deliver solutions across various markets while addressing the unique challenges and needs for each.
Today, MTN offers services and solutions to cruise lines, commercial shipping, oil and gas, mega yachts, government entities and aviation markets. MTN delivers and supports a broad array of integrated turnkey services, including remote access for Internet, VoIP, voice services, remote IT management, global vessel tracking, bandwidth optimization, real-time video capabilities, crew calling solutions, and other enterprise solutions. For more information, visit http://www.mtnsat.com.
Welz & Weisel Communications for MTN
Aviat Networks Partners with AT&T Government Solutions for Department of Homeland Security Business
SANTA CLARA, Calif., Aug. 6, 2012 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), a leading expert in microwave networking solutions, today announced that it has been named as the microwave subcontractor on the AT&T Government Solutions' team to compete for orders to provide tactical communications equipment to the U.S. Department of Homeland Security (DHS). DHS awarded the contract with potential of up to $3 billion in business over a five-year period of performance to 30 companies for commercial-off-the-shelf (COTS) equipment, infrastructure and related services.
Under this contract for the DHS Tactical Communications (TACCOM) program, Aviat Networks will provide DHS and other federal agencies with the capability to acquire leading microwave radio communication equipment, engineering, design, installation and maintenance services to meet mission-critical operations. The contract is for an indefinite delivery and indefinite quantity (IDIQ) of tactical communications equipment and services. Other agencies such as the White House Communications Agency and the departments of Interior, Justice and State can also use the IDIQ to purchase equipment. IDIQs provide for an indefinite quantity of products/services for a fixed time and help streamline the contract process and speed service delivery.
AT&T Government Solutions selected Aviat Networks as its microwave communications partner based on a history of previous partnership in the federal technology space. In addition, AT&T Government Solutions recognizes Aviat Networks' specialized knowledge of DHS requirements gained by working directly with the agency on earlier projects. Because DHS has a unique mission to secure the United States "from the many threats we face," AT&T deemed Aviat Networks one of the best choices for hardened point-to-point communications as the industry's reliable, secure and trusted provider of mission-critical microwave.
Aviat Networks will supply AT&T Government Solutions with microwave radios that operate in all current NTIA-designated bands. Aviat Networks' NTIA-certified radios support the DHS mission today.
About Aviat Networks
Aviat Networks, Inc. (NASDAQ: AVNW) is a leading global provider of microwave networking solutions transforming communications networks to handle the exploding growth of IP-centric, multi-gigabit data services. With more than 750,000 systems installed around the world, Aviat Networks provides LTE-proven microwave networking solutions to mobile operators, including some of the largest and most advanced 4G/LTE networks in the world. Public safety, utility, government and defense organizations also trust Aviat Networks' solutions for their mission-critical applications where reliability is paramount. In conjunction with its networking solutions, Aviat Networks provides a comprehensive suite of localized professional and support services enabling customers to effectively and seamlessly migrate to next generation Carrier Ethernet/IP networks. For more than 50 years, customers have relied on Aviat Networks' high performance and scalable solutions to help them maximize their investments and solve their most challenging network problems. Headquartered in Santa Clara, California, Aviat Networks operates in 46 countries around the world. For more information, visit http://www.aviatnetworks.com or connect with Aviat Networks on Twitter, Facebook and LinkedIn.
About AT&T Government Solutions
AT&T Government Solutions is a long-standing, trusted source of network-enabled solutions for the federal government, integrating unmatched network resources, IT and software engineering expertise with innovative technologies from AT&T Labs and industry-leading partners. With headquarters in Oakton, Va., AT&T Government Solutions is best known for network leadership in voice, data, video and managed services. AT&T Government Solutions is a proven solutions integrator, with expertise in areas such as Cyber Security, Network Solutions, Application Solutions and Mission Support. AT&T Government Solutions is housed within AT&T's affiliate AT&T Corp.
SOURCE Aviat Networks, Inc.
Aviat Networks, Inc.
CONTACT: Cynthia Johnson of Aviat Networks, Inc., +1-408-550-3321, email@example.com
Residents Of Gahanna, Ohio To Benefit From Verizon Wireless Network Enhancements
GAHANNA, Ohio, Aug. 6, 2012 /PRNewswire/ -- To continue to stay ahead of rising demand for wireless multimedia and Internet access, Verizon Wireless has expanded its local network in Gahanna by activating a new cell site.
The new cell site in Franklin County improves coverage in the area as follows:
-- North to Morse Road;
-- South to Tresham Road;
-- West to North Stygler Road, and;
-- East to Clark State Road.
The new cell site provides increased wireless data service in Gahanna. These improvements empower more Verizon Wireless customers to rely on their wireless phones for social networking, Internet browsing, downloading apps, and exchanging email.
"Ohioans are increasingly relying on smartphones and applications to manage their busy lives and stay connected at home or on-the-go," said Mark Frazier, president-Ohio/Pennsylvania/West Virginia Region, Verizon Wireless. "This new cell site is part of our continual investment in our network so our customers can use their devices when, where and how they need them."
This new cell site is part of Verizon Wireless' ongoing effort to expand coverage, increase capacity and enhance the quality of its wireless voice and data network in Ohio. Nationally, Verizon Wireless has invested more than $70 billion since it was formed--$6 billion on average every year--to increase the coverage and capacity of its premier nationwide network and to add new services.
For Verizon Wireless Updates on Twitter
Stay in the know about Verizon Wireless news in Ohio by following @VZWLaura on Twitter at http://twitter.com/vzwlaura. For the latest network-related news, information and upgrades, follow @VZWNews on Twitter at http://twitter.com/VZWNews.
About Verizon Wireless
Verizon Wireless operates the nation's largest 4G LTE network and largest, most reliable 3G network. The company serves 94.2 million retail customers, including 88.8 million retail postpaid customers. Headquartered in Basking Ridge, N.J., with 78,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE, NASDAQ: VZ) and Vodafone (LSE, NASDAQ: VOD). For more information, visit http://www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at http://www.verizonwireless.com/multimedia.
SOURCE Verizon Wireless
CONTACT: Laura Merritt, Verizon Wireless, +1-614-345-3210, firstname.lastname@example.org, http://twitter.com/VZWlaura; Jennifer Riegert, For Verizon Wireless, +1-513-271-7222, email@example.com
Energy Solutions 2012 Unveils Host of Speakers and Confirms Topics for Education Programme
LONDON, August 6, 2012/PRNewswire/ --
The UK's leading energy management event, Energy Solutions ( http://www.energysolutionsexpo.co.uk) today announced its full line-up of speakers for
its free-to-attend CPD accredited educational programme. Across the two days, industry
leaders will host a range of seminars, debates and lectures and present case-studies to
attending visitors, alongside the exhibition, which will run from the 10-11 October 2012
at London's Olympia.
Having recently confirmed Lord Sebastian Coe KBE as the keynote address Energy
Solutions are pleased to announce a full line-up of leading industry figures and
companies, who over the two days will go some way to addressing the very real issues
affecting the Energy Management sector.
This year, the new look Energy Academy will play host to the exceptional Energy Sense
Conference Programme, a free-to-attend series of specialist seminars led by major energy
management institutions, providing expert opinion, advice and the presentation of key case
studies. Confirmed speakers include: Liam O'Sullivan, Programme Director, Low Carbon
London; Karen Lawrence, Director Development, Energy Saving Trust; David Kennedy, Chief
Executive, Committee on Climate Change, Malcolm Anderson, Environmental Adviser, National
Trust and Paul van Heyningen, Head of Sustainability & Estates, Department of Energy &
Climate Change (DECC).
The Renewables Theatre returns this year with a focus on the future prospects for
micro-renewables and the critical role of renewable energy in our future prosperity.
Renewables experts will discuss existing initiatives such as the Renewable Heat Incentive
(RHI) and consider the overall business case for this dynamic, and much anticipated
market. Confirmed speakers include David Hunt, Vice Chair - Onsite Renewables Sector
Group, Renewable Energy Association (REA), Shaun McCarthy, Chair, Commission for a
Sustainable London 2012 and Jacqueline Balian, Head of RHI Operations, New Scheme
Adrian Newton, UBM Live Group Director for Safety and Building Management, said: "We
are really excited about our education programme this year, the dynamic and informative
sessions across the two days will bring together some of the best minds within the Energy
world. The lively debates will tackle major issues including the UK Government's Green
Deal and how this will be delivered. Our continued investment in the education programme
at Energy Solutions provides a unique opportunity for the industry to come together and
The CPD accredited education programme has the full support of all the major energy
associations and industry groups including BRE, the Carbon Trust and the Energy Institute.
With many employers now valuing 'learning agility' as a core competency, the CPD
accredited programme at Energy Solutions provides professionals working within the energy
sector with over 20 hours of tailored sessions, helping them build valuable industry
Operating internationally, UBM Live operates a number of market leading exhibitions,
awards, websites/online products and publications in twenty different business sectors.
Our brands include CPhI, IFSEC, Food Ingredients. Cruise Shipping Miami, Technology
for Marketing and Advertising, International Confex, Informex and many more.
With offices in the UK, Netherlands, USA, UAE and Brazil, UBM Live has successfully
geo-cloned its leading CPhI, Food Ingredients, TFM&A and IFSEC brands into territories
such as China, Japan, Asia, Eastern Europe, South America and Africa.
As well as building relationships with our customers, we help wider communities
through our corporate responsibility programme.
UBM Live is part of UBM plc, a leading global media company listed on the London Stock
Exchange, which in 2009 generated revenues of GBP847m, with profits of GBP171.2m.
Adobe, ASSIMILATE, Boxx Technologies, Thinkbox Software, Tweak Software, NextComputing, Maingear Computers, Supermicro and ProMAX Team Up with Fusion-io to Power Creativity in VFX Production
LOS ANGELES, Aug. 6, 2012 /PRNewswire/ -- [SIGGRAPH 2012 trade show booth #813] -- Fusion-io (NYSE: FIO) today announced that it is collaborating with many of the industry's leading entertainment technology companies to demonstrate how the Fusion ioFX can accelerate powerful entertainment production applications at SIGGRAPH 2012. The Fusion ioFX is being used to boost application performance in demonstrations with many hardware and software industry leaders at the show, including Adobe®, ASSIMILATE, Boxx Technologies, Thinkbox Software, Tweak Software, NextComputing, Maingear Computers, Supermicro and ProMAX.
"Digital artists rely on Adobe Creative Suite® 6 Production Premium to capture their ideas and bring them to life," said Bill Roberts, director of video product management at Adobe. "The Fusion ioFX provides artists who are using data-intensive media with a faster workflow, making it ideal for accelerating visual effects and motion graphics work from broadcast design all the way to 4K stereoscopic compositing."
Designed to eliminate data bottlenecks that slow the creative production process for digital artists, the Fusion ioFX enables creative professionals to meet deadlines while exploring more artistic possibilities by bridging the performance gap between workstations and today's powerful digital content creation applications. From footage capture in the field, to post-production of the film, the ioFX is architected for uninterrupted manipulation of digital content in real time.
ASSIMILATE's SCRATCH® DI tool will be featured in the Fusion-io booth to playback 4K uncompressed video content in real-time. "SCRATCH is the industry's premier conform, color grading and finishing solution designed to meet the unique requirements of file-based workflows in film, television and commercials," said Steve Bannerman, VP of Marketing at ASSIMILATE. "We're looking forward to showcasing SCRATCH along with Fusion-io at SIGGRAPH 2012 to demonstrate how our artists can accelerate their DI workflow with the ioFX to get uncompressed 4K playback with room to spare."
At SIGGRAPH, Fusion-io will unveil the winners of the Project ioFX video production contest at booth #813 on Wednesday, August 8 at 2 pm PT. Project ioFX was created to free artists from creative constraints to tell the ioFX story in their own words. Artists were asked to create their own 60-second short and share it on the Fusion ioFX Facebook page. Selected from over 60 entries by Project ioFX judges Steve Wozniak, Danny Trejo and Rob Legato, the grand prize winner will receive a Fusion ioFX, a Red Scarlet Camera, Adobe Creative Suite 6 Production Premium software, Maingear workstation and other prizes.
"Fusion-io is pleased to be teaming up with many of the industry's most trusted solution providers to help usher in a new era of creativity in visual effects production," said Vincent Brisebois, Fusion-io Director of Visual Computing. "When wait times are nearly eliminated with the power of Fusion ioMemory for the workstation, artists can explore more creative possibilities, and application developers can again work on adding more new features without worrying about complexity and processing speeds. With the support of the industry visionaries we're working with at SIGGRAPH 2012, the ioFX is ushering in a revolution from the largest of studios to boutiques and even independent artists."
Fusion-io has pioneered a next generation storage memory platform for shared data decentralization that significantly improves the processing capabilities within a datacenter by relocating process-critical, or "active," data from centralized storage to the server where it is being processed, a methodology referred to as data decentralization. Fusion's integrated hardware and software solutions leverage non-volatile memory to significantly increase datacenter efficiency and offers enterprise grade performance, reliability, availability and manageability. Fusion's data decentralization platform can transform legacy architectures into next generation datacenters and allows enterprises to consolidate or significantly reduce complex and expensive high performance storage, high performance networking and memory-rich servers. Fusion's platform enables enterprises to increase the utilization, performance and efficiency of their datacenter resources and extract greater value from their information assets.
Note on Forward-looking Statements
Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933, including, but are not limited to, statements concerning the our collaborations with entertainment technology companies with respect to our Fusion ioFX product and the anticipated benefits of these collaborations for end users, as well as the anticipated benefits our products and technology for users. These statements are based on current expectations and assumptions regarding future events and business performance and involve certain risks and uncertainties that could cause actual results to differ materially from those contained, anticipated, or implied in any forward-looking statement, including, but not limited to, the risks that the end users of our products may not realize the anticipated benefits, and such other risks set forth in the registration statements and reports that Fusion-io files with the U.S. Securities and Exchange Commission, which are available on the Investor Relations section of our website at http://www.fusionio.com. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or will occur. Fusion-io undertakes no obligation to update publicly any forward-looking statement for any reason after the date of this press release.
Robert Brumfield Nancy Fazioli
Media Relations Investor Relations
Tweddle Group Releases Head Unit Update API for 'Over the Air' Updates to In-Vehicle Software Applications, Significantly Saving Time and Costs
API provides remote update capability for current connected services platforms
DETROIT, Aug. 6, 2012 /PRNewswire/ -- Tweddle Group, a leader in customer relationship management (CRM), owner's and service information, and connected vehicle solutions for automotive OEMs, announces an important enhancement to its award-winning Tweddle Connect(TM) platform. Tier 1 suppliers and developers of head units can now apply Tweddle's Head Unit Update API to enable the management, installation and update of in-vehicle software applications by the OEM and vehicle owner, anytime, anywhere.
With Tweddle's Head Unit Update API, an application can be easily discovered, installed and updated "over the air," without the need for a USB flash drive. The API supports most in-market head unit operating systems and application frameworks, making it easier to maintain multiple in-vehicle configurations from a single platform and with the flexibility to meet each OEM's needs. Building on Tweddle's capabilities of developing and enabling safe access to automotive-grade applications in the vehicle, the enhanced Tweddle Connect platform's remote updates to the in-car system significantly decrease time and costs associated with services management for automakers and vehicle owners.
"Use of the Head Unit Update API demonstrates our sustained commitment to providing innovative solutions that add value to our customers' products, reduce cost of ownership and enhance overall owner satisfaction," said Andy Tweddle, CEO of Tweddle Group. "The idea that OEMs can securely update software on vehicle components over the air has incredible power, not only for new and innovative features for consumers already in-market but, equally important, for warranty cost reductions and enhanced after-sales support."
The Tweddle Connect platform is an end-to-end solution for automotive OEMs, aligning all elements of a full-featured in-car infotainment and vehicle service platform, including mobile application development, safe access to cloud- and client-based services in the vehicle, and head unit application design and development. The system allows automotive OEMs to select preferred services for individual car models and enables customization of the user experience.
As OEMs and Tier 1 head unit suppliers increasingly rely on telematics and connected-services solutions to help differentiate their products, Tweddle will continue to enhance the Tweddle Connect platform with services that provide measurable value to the OEM, dealer and vehicle owner. The Updated Speech API is the most recent of several planned platform enhancements that Tweddle will launch this year to support existing in-market OEM solutions.
"Tweddle Group has successfully evolved its business from a leader in automotive information development, management and delivery to a source of two-way communication with vehicles and owners after the sale," Tweddle said. "Our recent enhancements to Tweddle Connect further evolve our platform to ensure the fastest integration and deployment of services into the vehicle, saving our automotive customers significant time and investment in delivering a best in-car experience to their customers."
About Tweddle Group
For more than 58 years, Tweddle Group has remained a leading provider of information solutions for automotive OEMs and their suppliers. With offices in Detroit, Seattle, Brussels, K?ln, Torino and Shanghai, Tweddle delivers automotive OEMs innovative solutions that enhance the consumer relationship with their vehicle, the dealer, and the automotive manufacturer.
Airfoil PR for Tweddle Group
SOURCE Tweddle Group
Ceragon Networks Reports Second Quarter 2012 Financial Results
Achieves record revenue of $119.1 million; improved profitability and record booking
PARAMUS, New Jersey, August 6, 2012/PRNewswire-FirstCall/ --
Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist today
reported results for the second quarter which ended June 30, 2012.
Revenues for the second quarter of 2012 reached $119.1 million, up 8% from $110.4
million for the second quarter of 2011, and up 1% from $117.8 million in the first quarter
Net loss in accordance with US Generally Accepted Accounting Principles (GAAP) for the
second quarter of 2012 was $(1.0) million or $(0.03) per basic share and diluted share,
compared to net loss of $(17.4) million in the second quarter of 2011, or $(0.48) per
basic share and diluted share.
On a non-GAAP basis, net income for the second quarter, excluding (a) $1.3 million of
equity-based compensation expenses, (b) $0.9 million amortization of intangible assets,
(c) $1.6 million inventory step up related to the Nera acquisition and (d) $0.2 million of
changes in pre-acquisition indirect tax positions, was $3.0 million, or $0.08 per basic
share and diluted share. Non-GAAP net loss for the second quarter of 2011 was $(1.6)
million, or $(0.04) per basic share and diluted share (please refer to the accompanying
financial tables for reconciliation of GAAP financial information to non-GAAP).
Gross margin on a GAAP basis in the second quarter of 2012 was 31.9% of revenues.
Gross margin on a non-GAAP basis was 33.8% of revenues.
Operating loss on a GAAP basis in the second quarter of 2012 was $(0.2) million. On a
non-GAAP basis operating profit was $3.8 million.
Cash and cash investments at the end of the quarter were $44.8 million. Negative cash
flow from operations in the quarter relates mainly to additional working capital
requirements associated with more sales to Tier 1 operators in Latin America and Africa
that have longer payment terms and practices.
"We continued to grow in Q2, achieving all-time record revenues, better gross margin
and improved profitability," said Ira Palti, President and CEO of Ceragon. "Record
bookings resulted in a book-to-bill ratio well above one. Our success in securing several
large orders from Tier 1 operators expands our working capital needs. We believe this
represents a temporary timing issue, which we have addressed by drawing down on our unused
"Ceragon has a comprehensive portfolio of solutions with the most advanced technology,
we are gaining share in key growth regions, and we are executing very well. Therefore, we
expect to be able to continue to grow revenues and improve profitability and cash flow,
even in light of growing macro headwinds," concluded Mr. Palti.
Supplemental revenue breakouts:
Geographical breakdown, second quarter of 2012:
- Europe: 18%
- Africa: 20%
- North America: 8%
- Latin America: 31%
- India: 16%
- APAC: 7%
A conference call will follow today, August 6, 2012, beginning at 9:00 a.m. EDT.
Investors are invited to join the Company's teleconference by calling (USA) (800) 230-1074
or international +1 (612) 234-9960 from 8:50 a.m. EDT. The call-in lines will be available
on a first-come, first-serve basis.
Investors can also listen to the call live via the Internet by accessing Ceragon
Networks' website at the investors' page: http://www.ceragon.com/ir_events.asp?lang=0
selecting the webcast link, and following the registration instructions.
If you are unable to join us live, the replay numbers are: Telephone: (USA) (800)
475-6701 or international +1 (320) 365-3844, Access Code: 252653. A replay of both the
call and the webcast will be available through September 6, 2012.
About Ceragon Networks Ltd.
Ceragon Networks Ltd. (NASDAQ: CRNT) is the #1 wireless backhaul specialist. We
provide innovative, flexible and cost-effective wireless backhaul solutions that enable
mobile operators and other wired/wireless service providers to deliver 2G/3G, 4G/LTE and
other broadband services to their subscribers. Ceragon's high-capacity, solutions use
microwave technology to transfer voice and data traffic while maximizing bandwidth
efficiency, to deliver more capacity over longer distances under any deployment scenario.
Based on our extensive global experience, Ceragon delivers turnkey solutions that support
service provider profitability at every stage of the network lifecycle enabling faster
time to revenue, cost-effective operation and simple migration to all-IP networks. As the
demand for data pushes the need for ever-increasing capacity, Ceragon is committed to
serve the market with unmatched technology and innovation, ensuring effective solutions
for the evolving needs of the marketplace. Our solutions are deployed by more than 430
service providers in over 130 countries.
Ceragon Networks(R) is a registered trademark of Ceragon Networks Ltd. in the United
States and other countries. Other names mentioned are owned by their respective holders.
This press release may contain statements concerning Ceragon's future prospects that
are "forward-looking statements" under the Private Securities Litigation Reform Act of
1995. These statements are based on current expectations and projections that involve a
number of risks and uncertainties. There can be no assurance that future results will be
achieved, and actual results could differ materially from forecasts and estimates. These
are important factors that could cause actual results to differ materially from forecasts
and estimates. Some of the factors that could significantly impact the forward-looking
statements in this press release include the risk of significant expenses in connection
with potential contingent tax liability associated with Nera's prior operations or
facilities, the risk that the combined Ceragon and Nera business may not perform as
expected, risks associated with increased working capital needs, and other risks and
uncertainties, which are discussed in greater detail in Ceragon's Annual Report on Form
20-F and Ceragon's other filings with the Securities and Exchange Commission.
Forward-looking statements speak only as of the date on which they are made and Ceragon
undertakes no commitment to revise or update any forward-looking statement in order to
reflect events or circumstances after the date any such statement is made. Ceragon's
public filings are available from the Securities and Exchange Commission's website at http://www.sec.govor may be obtained on Ceragon's website at http://www.ceragon.com
Ceragon Reports Second Quarter 2012 Results
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except share and per share data)
Three months ended Six months ended
June 30, June 30,
2012 2011 2012 2011
Revenues $ 119,050 $ 110,350 $ 236,833 $ 210,662
Cost of revenues 81,081 86,716 161,925 157,444
Gross profit 37,969 23,634 74,908 53,218
Research and development 11,900 12,660 24,055 25,117
Selling and marketing 20,129 21,003 39,976 40,188
General and administrative 6,163 6,212 13,378 11,735
Restructuring costs - - - 7,834
Acquisition related costs - - - 4,919
Total operating expenses $ 38,192 $ 39,875 $ 77,409 $ 89,793
Operating loss (223) (16,241) (2,501) (36,575)
Financial expenses, net (554) (312) (1,460) (759)
Loss before taxes (777) (16,553) (3,961) (37,334)
Taxes on income 245 817 535 1,412
Net loss $ (1,022) $ (17,370) $ (4,496) $ (38,746)
Basic net loss per share $ (0.03) $ (0.48) $ (0.12) $ (1.08)
Diluted net loss per share $ (0.03) $ (0.48) $ (0.12) $ (1.08)
Weighted average number of
shares used in computing
basic net loss per share 36,421,106 35,983,033 36,354,389 35,794,446
Weighted average number of
shares used in computing
diluted net loss per share 36,421,106 35,983,033 36,354,389 35,794,446
Ceragon Reports Second Quarter 2012 Results
CONDENSED CONSOLIDATED BALANCE SHEETS
(U.S. dollars in thousands)
June 30, December 31,
Cash and cash equivalents $ 37,944 $ 28,991
Short-term bank deposits 2,901 7,159
Marketable securities - 9,665
Trade receivables, net 174,482 143,247
Deferred taxes 8,695 8,622
Other accounts receivable and prepaid expenses 34,834 37,281
Inventories 68,830 93,465
Total current assets 327,686 328,430
Long-term marketable securities 3,970 3,716
Severance pay funds 6,572 6,360
Total long-term investments 10,542 10,076
Deferred taxes 8,828 8,898
Goodwill and intangible assets, net 26,118 28,032
Other long-term receivables 8,871 5,257
Total other assets 43,817 42,187
PROPERTY AND EQUIPMENT, NET 32,059 30,465
Total assets $ 414,104 $ 411,158
LIABILITIES AND SHAREHOLDERS' EQUITY
Short term loan, including current maturities of
long term bank loan $ 22,832 $ 8,232
Trade payables 92,875 77,395
Deferred revenues 25,917 38,308
Other accounts payable and accrued expenses 41,880 49,508
Total current liabilities 183,504 173,443
Long term bank loan, net of current maturities 22,652 26,768
Accrued severance pay and pension 12,020 11,996
Other long term payables 36,921 37,900
Ordinary shares 97 97
Additional paid-in capital 315,217 311,911
Treasury shares at cost (20,091) (20,091)
Other comprehensive loss (1,197) (343)
Accumulated deficits (135,019) (130,523)
Total shareholders' equity 159,007 161,051
Total liabilities and shareholders' equity $ 414,104 $ 411,158
Ceragon Reports Second Quarter 2012 Results
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
(U.S. dollars, in thousands)
Three months ended Six months ended
June 30, June 30,
2012 2011 2012 2011
Cash flow from operating activities:
Net loss $ (1,022) $ (17,370) $ (4,496) $ (38,746)
Adjustments to reconcile net income
to net cash used in operating activities:
Depreciation and amortization 3,648 2,951 7,419 6,152
Stock-based compensation expense 1,257 1,437 2,842 2,856
Decrease (increase) in trade and
other receivables, net (27,812) 6,640 (36,463) 29,134
Decrease in inventory 4,623 14,168 24,083 23,993
Increase (decrease) in trade payables
and accrued liabilities 8,734 (7,743) 10,721 (24,680)
Decrease in deferred revenues (3,219) (12,755) (12,391) (12,765)
Decrease (increase) in deferred tax
asset, net 114 1 (263) 32
Other adjustments (325) 1,661 (429) 1,650
Net cash used in operating activities $ (14,002) $ (11,010) $ (8,977) $ (12,374)
Cash flow from investing activities:
Purchase of property and equipment ,net (3,065) (3,240) (6,368) (6,029)
Payment for business acquisition(*) - - - (42,405)
Investment in short and long-term
bank deposit - (7,589) (1,266) (9,843)
Proceeds from short and long-term
bank deposits 3,186 10,273 5,436 24,069
Investment in held-to-maturity
marketable securities (64) - (64) -
Proceeds from maturities of held-to-maturity
marketable securities, net - 23 9,717 4,258
Net cash provided by (used in)
investing activities $ 57 $ (533) $ 7,455 $ (29,950)
Cash flow from financing activities:
Proceeds from exercise of options 251 284 464 3,580
Proceeds from bank loans 14,600 - 14,600 35,000
Repayment of bank loan (2,058) - (4,116) -
Net cash provided by financing activities $ 12,793 $ 284 $ 10,948 $ 38,580
Translation adjustments on cash
and cash equivalents $ (322) $ (789) $ (473) $ (435)
Increase (decrease) in cash
and cash equivalents $ (1,474) $ (12,048) $ 8,953 $ (4,179)
Cash and cash equivalents
at the beginning of the period 39,418 45,594 28,991 37,725
Cash and cash equivalents
at the end of the period $ 37,944 $ 33,546 $ 37,944 $ 33,546
(*) Excluding cash and cash equivalents
RECONCILIATION OF NON-GAAP FINANCIAL RESULTS
(U.S. dollars in thousands, except share and per share data)
Three months ended June 30,
(as reported) Adjustments Non-GAAP Non-GAAP
Revenues $ 119,050 $ 119,050 $ 110,350
Cost of revenues 81,081 2,225 (a) 78,856 75,128
Gross profit 37,969 40,194 35,222
Research and development 11,900 607 (b) 11,293 11,453
Selling and marketing 20,129 1,113 (c) 19,016 18,730
General and administrative 6,163 47 (d) 6,116 5,509
Total operating expenses $ 38,192 $ 36,425 $ 35,692
Operating profit (loss) (223) 3,769 (470)
Financial expenses, net (554) (554) (312)
Income (loss) before taxes (777) 3,215 (782)
Taxes on income 245 245 817
Net income (loss) $ (1,022) $ 2,970 $ (1,599)
Basic net earnings (loss) per share $ (0.03) $ 0.08 $ (0.04)
Diluted net earnings (loss) per share $ (0.03) $ 0.08 $ (0.04)
Weighted average number of shares
used in computing basic net earnings
(loss) per share 36,421,106 36,421,106 35,983,033
Weighted average number of shares
used in computing diluted net
earnings (loss) per share 36,421,106 37,380,275 35,983,033
Total adjustments 3,992
(a) Cost of revenues includes $0.3 million of amortization of intangible assets,
$1.6 million of inventory step-up, $0.1 million of stock based compensation
expenses and $0.2 million of changes in pre-acquisition indirect tax positions in
the three months ended June 30, 2012.
(b) Research and development expenses include $0.6 million of stock based compensation
expenses in the three months ended June 30, 2012.
(c) Selling and marketing expenses include $0.6 million of amortization of intangible
assets and $0.5 million of stock based compensation expenses in the three months
ended June 30, 2012.
(d) General and administrative expenses include $0.05 million of stock based
compensation expenses in the three months ended June 30, 2012.
RECONCILIATION OF NON-GAAP FINANCIAL RESULTS
(U.S. dollars in thousands, except share and per share data)
Six months ended June 30,
(as reported) Adjustments Non-GAAP Non-GAAP
Revenues $ 236,833 $ 236,833 $ 210,662
Cost of revenues 161,925 4,517 (a) 157,408 142,961
Gross profit 74,908 79,425 67,701
Research and development 24,055 1,031 (b) 23,024 22,494
Selling and marketing 39,976 2,728 (c) 37,248 35,391
General and administrative 13,378 899 (d) 12,479 10,101
Total operating expenses $ 77,409 $ 72,751 $ 67,986
Operating profit (loss) (2,501) 6,674 (285)
Financial expenses, net (1,460) (1,460) (759)
Income (loss) before taxes (3,961) 5,214 (1,044)
Taxes on income 535 535 1,412
Net income (loss) $ (4,496) $ 4,679 $ (2,456)
Basic net earnings (loss) per share $ (0.12) $ 0.13 $ (0.07)
Diluted net earnings (loss) per share $ (0.12) $ 0.13 $ (0.07)
Weighted average number of shares
used in computing basic net earnings
(loss) per share 36,354,389 36,354,389 35,794,446
Weighted average number of shares
used in computing diluted net
earnings (loss) per share 36,354,389 37,287,665 35,794,446
Total adjustments 9,175
(a) Cost of revenues includes $0.6 million of amortization of intangible assets,
$2.0 million of inventory step-up, $0.1 million of stock based compensation
expenses, $0.2 million of integration plan related costs and $1.6 million of
changes in pre-acquisition indirect tax positions in the six months ended
June 30, 2012.
(b) Research and development expenses include $40 thousand of integration plan related
costs and $1.0 million of stock based compensation expenses in the six months
ended June 30, 2012.
(c) Selling and marketing expenses includes $1.2 million of amortization of intangible
assets, $0.4 million of integration plan related costs and $1.1 million of stock
based compensation expenses in the six months ended June 30, 2012.
(d) General and administration expenses include, $0.3 million of integration plan
related costs and $0.6 million of stock based compensation expenses in the
six months ended June 30, 2012.
RECONCILIATION BETWEEN REPORTED AND NON-GAAP
(U.S. dollars in thousands)
Three months Six months
June 30, 2012
Reported GAAP net operating loss (223) (2,501)
Stock based compensation expenses 1,257 2,842
Amortization of intangible assets 901 1,802
Inventory step up 1,613 2,017
Integration plan related costs - 955
Changes in pre-acquisition indirect tax positions 221 1,559
Non-GAAP net operating profit 3,769 6,674
Enova Technology Launches Enigma USB Data Encryption Solution for Consumer and Enterprise Data Protection
Encryption Experts Deliver Real-Time, Full Disk Encryption for any USB Enabled Storage Device
SAN JOSE, Calif., Aug. 6, 2012 /PRNewswire/ -- Building on its heritage of expertise in embedded encryption solutions, Enova Technology today announced the launch of the Enigma module, a USB encryption solution designed to provide consumers and enterprises with real-time full disk encryption for any USB mass storage class (MSC) drive.
A recent study released by the Ponemon Institute revealed that when compared to the potential damage caused by data disclosure, the cost of encryption is a fraction of the value it provides to businesses around the world. In all surveyed countries, the expected benefits of full disk encryption exceeded the estimated costs of implementing a solution by a factor ranging from four to 20. By leveraging Enova's real-time encryption technology, the Enigma module provides complete protection of data-at-rest, eliminating the risk of a damaging breach.
-- Automatic and Transparent Encryption: Data written to the USB drive
through the Enigma module is automatically and transparently encrypted,
whereas data read out from the drive is automatically decrypted,
requiring no additional hardware or software. All data is protected on
your drive using the Enigma module.
-- Trusted Security Standards: NIST (National Institute of Standards and
Technology)/CSE (Communications Security Establishment) certified
hardware AES (Advanced Encryption Standard) ECB/CBC engines up to
-- Encryption of Off the Shelf USB Drives: Encrypts any number of USB disk
drives, solid state drives, thumb drives, Blu-ray, DVD+/- RW, CD-R
drives and card reader media, including SD and MMC.
-- Multi Platform Compatibility: Compatible with any Windows, Mac, Linux or
-- Protection from Viruses and Malware: Creates a "Read Only" function on
the USB drive that protects users from potentially harmful viruses,
spyware and malware.
-- Complete USB Compliance: Compliant with any USB 1.0/1.1/2.0/3.0 MSC
-- Easy to Use: Simple design with no new programming for the user to learn
or sophisticated graphical user interface for the user to navigate.
-- Built in Initializer: Initialization software is stored on the device
for easy and immediate deployment.
-- Robert Wann, CEO, Enova Technology, said: "Often, the implementation of
data encryption solutions is a retroactive endeavor after a major data
breach. To aid organizations in proactively securing their data at rest,
we've taken our expertise in data encryption and packaged it into an
easy to use USB solution. The Enigma module will add a much needed layer
of security to sensitive consumer and enterprise data."
-- Charles Kolodgy, research vice president, security products, IDC, said:
"As the frequency and severity of data breaches grows, endpoint security
is increasingly critical to consumers and organizations looking to
secure their sensitive information. External storage devices in
particular, such as USB hard drives and thumb drives, are often
unprotected and therefore vulnerable to data theft or device loss.
Hardware solutions that provide ease of use and comprehensive
capabilities are a huge asset to both organizations and individual users
in protecting data-at-rest."
About Enova Technology:
Enova Technology is a global leader in hardware-based cryptographic solutions that address the increasing requirement for privacy and confidentiality, satisfying the growing demand for data security across the globe. Enova's advanced real-time cryptographic solutions are designed to meet the performance and encryption standards of the most demanding government and enterprise customers. For more information, visit the Enova Technology website: http://www.enovatech.net.
Alteryx Introduces Strategic Analytics Optimized for the Communications Industry
New Communications Edition Drives Faster Business and Network Decisions for Service Providers
IRVINE, Calif., Aug. 6, 2012 /PRNewswire/ -- Alteryx, Inc., a leading provider of Strategic Analytics, today announced the release of Alteryx Strategic Analytics: Communications Editionfor the unique analytic needs of wireless, wireline, and cable operators, as well as the equipment suppliers who support them. The Communications Edition integrates industry-specific business and technical data with third-party network insight, so communications service providers can support their most strategic network and customer decisions based on knowledgeable industry insights, industry content and pre-packaged analytic applications.
"Alteryx has a strong reach into the Communications industry. We serve many of the largest North American carriers by bringing deep sector knowledge into a powerful analytics offering - no other vendor can provide similar insights to wireless, wireline and cable providers," said George Mathew, president and chief operating officer at Alteryx. "Today's communication networks and the OSS/BSS infrastructure that supports them present some of the biggest data flow and analytics opportunities in the market. We fundamentally believe that humanizing the industry's abundant data will create innovative services, reduce consumer churn, improve network performance, and thus deliver a better customer experience."
This Alteryx expertise provides direct IP experience through easy to use, best practices analytic applications for strategic problems such as customer churn, and brings industry-specific data that adds deeper context to organizational data, marketing insights and customer billing information. The Communications Edition also enables time savings by automatically pulling departmental data on-demand from RF planning systems or across the full network, and then provides a way to streamline inefficient business processes, often from days or weeks to seconds.
The Communications Edition from Alteryx includes business firmographic data from Alteryx Strategic Analytics 7.1 that has been enhanced by GeoResults to include network spending estimates, bandwidth requirements, and other key industry-specific details. "Alteryx allows service providers to augment their existing internal data with the highest quality market and network data available from premier third-party providers," explains Ted Shields, president and CEO of GeoResults. "This solution allows service providers to fill intelligence gaps, and give them the market and customer foresight to intelligently grow their business and optimize network resources."
"Our industry is constantly inundated by massive amounts of data, and it is essential for my team to easily aggregate the information relevant for our business operations," said Charemon Tovar, Director of Strategy, Innovation and Information Management at CBRE Global Corporate Services. "Alteryx provides us with the right tools that enable faster analysis, with more relevant data, deriving valuable components that are key for our business, whether it be customer insights, marketing opportunities, or new store locations."
Currently, eight of the ten largest wireless service providers in North America use Alteryx Strategic Analytics for their daily business operations. The Communications Edition addresses the needs of all types of communications service providers to:
-- bring critical data about network, customers, prospects, and market
conditions from Business Support Systems (BSS), Operational Support
Systems (OSS), and Customer Relationship Management (CRM) systems into a
common analytics environment,
-- move beyond simple mapping programs and generate strategic insight
through sophisticated analytics that support critical network and
customer decisions, including where to grow the network, improve network
capabilities, and focus customer satisfaction/retention initiatives,
-- reap the benefits of a company's investment in strategic analytics
quickly with an analytic experience optimized for Communications service
providers. Integrated analytic application templates provide immediate
answers to common industry problems, and can be easily customized for
unique business priorities.
"Alteryx is the type of advanced analytics solution that simplifies access to actionable intelligence and iterative, agile decision making," said Ari Banerjee, senior analyst, Heavy Reading. "The platform's highly visual GUI environment simplifies access to Big Data for data artisans and casual users alike, and supports the rapid network and business decision-making that today's operators require."
Alteryx Strategic Analytics: Communications Edition is available immediately through existing direct sales channels. For more information, visit Alteryx Strategic Analytics: Communications Edition.
About Alteryx, Inc.
Alteryx, Inc. provides indispensable analytic solutions for enterprise companies making critical decisions about how to expand and grow. Our product, Alteryx Strategic Analytics, is a BI and analytics solution designed for data artisans and business leaders that brings together the market knowledge, location insight, and business intelligence today's organizations require. For more than a decade, Alteryx has enabled strategic planning executives to identify and seize market opportunities, outsmart their competitors, and drive more revenue. Customers like Experian Marketing Services and McDonald's rely on Alteryx daily for their most important decisions. Headquartered in Irvine, California, and with offices in Boulder and Silicon Valley, Alteryx empowers 250+ customers and 200,000+ users worldwide. Get inspired today at http://www.alteryx.com or call 1-888-836-4274.
SOURCE Alteryx, Inc.
CONTACT: Brandy S. Baxter, Alteryx, Inc., +1-650-375-2907, firstname.lastname@example.org, Twitter: @brandysbaxter, or Morgan Griffith, Burson-Marsteller, +1-415-690-0734, Morgan.Griffith@bm.com
VTech® Enters Partnership to Offer Downloadable Nickelodeon Episodes on its Award-Winning Tablet
CHICAGO, Aug. 6, 2012 /PRNewswire/ -- VTech Electronics North America, LLC (http://vtechkids.com/), is excited to announce its partnership with the top entertainment brand for kids, Nickelodeon. Beginning late August, episodes of Nickelodeon's hit animated series including Dora the Explorer, SpongeBob SquarePants and Bubble Guppies, will be available for download from VTech's Learning Lodge Navigator(TM) for kids to view on their new InnoTab(®) 2 learning tablet.
Kids will be able to take an adventure with Dora or enjoy laughs with SpongeBob on-the-go. Whether they're in the car or on the beach, they can always bring their favorite Nickelodeon characters along for the ride.
The InnoTab 2 learning tablet gives kids ages 3 to 9 their own 5" touch-screen tablet with FREE onboard activities to get them started, and a new rotatable digital camera and video recorder. This sleek and durable toy also comes equipped with a tilt sensor, photo viewer, video player, MP3 music player, e-reader, art studio, microphone and more. With 2GB onboard memory plus an expandable SD card slot for up to 32GB more, and now the addition of great video content from Nickelodeon, the InnoTab 2 will keep your child inspired while they learn.
"Nickelodeon properties have passionate fans who are eager for products associated with their favorite shows," said Sherice Torres, Senior Vice President of Home Entertainment, DTO and Videogame Licensing, Nickelodeon Consumer Products. "We're thrilled to be partnering with VTech and the InnoTab 2 learning tablet to keep kids entertained no matter where they are."
Nickelodeon videos will be sold in bundles of three (3) episodes (more than an hour of total run time) for $7.50. Additionally, VTech will offer individual episodes for just $2.99. Starting in October, the videos will also be available for download on VTech's original InnoTab.
"VTech is so excited about this partnership that brings together two of kids' favorite pastimes," said Tom McClure, Director of Marketing for VTech Electronics North America. "We know kids and parents are going to enjoy this ability to bring all of their favorite Nickelodeon characters and shows with them wherever they go."
VTech, the creator of the Electronic Learning Products (ELP) category and the award-winning V.Smile TV Learning System, is a world leader of age-appropriate learning toys. Since 1980, VTech has been developing high-quality, innovative educational products that enrich children's development, from birth to preteen, through fun and smart play.
VTech Electronics North America, LLC is based in Arlington Heights, Ill. VTech Electronics Ltd. is headquartered in Hong Kong with distribution throughout North America, Europe and Asia.
Nickelodeon, now in its 33rd year, is the number-one entertainment brand for kids. It has built a diverse, global business by putting kids first in everything it does. The company includes television programming and production in the United States and around the world, plus consumer products, online, recreation, books and feature films. Nickelodeon's U.S. television network is seen in more than 100 million households and has been the number-one-rated basic cable network for 17 consecutive years. For more information or artwork, visit http://www.nickpress.com. Nickelodeon and all related titles, characters and logos are trademarks of Viacom Inc. (NASDAQ: VIA, VIA.B).
Jennifer Vander Sanden
Hisense Releases Dual-core Android 4.0 Smartphone with Spreadtrum TD-SCDMA Chip
"Nuclear power" T96 priced at only RMB1199
SHANGHAI, Aug. 6, 2012 /PRNewswire-Asia-FirstCall/ -- Spreadtrum Communications, Inc. (NASDAQ: SPRD; "Spreadtrum" or the "Company"), a leading fabless semiconductor provider in China with advanced technology in 2G, 3G and 4G wireless communications standards, today announced that the Hisense T96 for China Mobile, which is a dual-core smartphone with Android 4.0 using Spreadtrum's TD-SCDMA modem, the SC8803G, and RF transceiver, the SR3200, is now commercially available at a price of only RMB1199.
Hisense "nuclear power" T96 is the first dual-core TD smartphone with a 4.0-inch screen and Android 4.0 for China Mobile with a price just over RMB1000. T96 integrates a 1GHz dual-core processor, an independent GPU and is equipped with the latest Android 4.0 software, a stylish UI interface and supports 1080p HD video playback. This product offering enriches and enhances the TD-SCDMA smartphone experience, providing China Mobile's consumers with a high quality experience while setting a new price standard for TD dual-core smartphones.
Dr. Leo Li, Spreadtrum's president and CEO, said, "Supporting the rapid development of the domestic 3G smartphone market, Hisense has now released this dual-core high performance smartphone with Android 4.0 for China Mobile consumers. We are pleased to support Hisense and the development of the domestic 3G industry with our TD-SCDMA modem technology."
Mr. Yang Wenlin, General Manager of Hisense (Qingdao) Co,.Ltd, said, "Spreadtrum has an excellent ability in chip design and provides us with cost-effective products. The release of the Hisense T96 marks Hisense together with Spreadtrum's deepening cooperation with China Mobile. In the future, Hisense will continue to improve the consumers' experience, promoting 3G development of the Chinese market with outstanding performance of our products."
About Spreadtrum Communications, Inc.
Spreadtrum Communications, Inc. (NASDAQ: SPRD; "Spreadtrum") is a fabless semiconductor company that develops mobile chipset platforms for smartphones, feature phones and other consumer electronics products, supporting 2G, 3G and 4G wireless communications standards. Spreadtrum's solutions combine its highly integrated, power-efficient chipsets with customizable software and reference designs in a complete turnkey platform, enabling customers to achieve faster design cycles with a lower development cost. Spreadtrum's customers include global and China-based manufacturers developing mobile products for consumers in China and emerging markets around the world. For more information, visit http://www.spreadtrum.com.
About Hisense Communication:
Qingdao Hisense Communication Co., Ltd. is one of the largest mobile terminal solution suppliers in China. The product line-up includes mobile handsets, Linux OS Smartphones, wireless modules, PC cards and industry customized terminal products based on the prevailing telecommunication technologies, such as CDMA, 1X/EVDO, GMS/GPRS, and TD-CDMA. Hisense Communication is a subsidiary of Hisense Group, which is a multibillion dollar global conglomerate with workforce over 60,000 worldwide. Hisense is recognized as a world leading provider of flat panel TVs, household appliances and mobile communications and its products are sold in 130 countries and regions throughout the world. For more information, please visit: http://www.hisense.com.
Safe Harbor Statement:
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, without limitation, statements regarding Hisense T96's ability to enrich and enhance the TD-SCDMA smartphone experience; and Hisense's expectation that it will continue to improve the consumers' experience, promoting 3G development of the Chinese market with outstanding performance of its products. The Company uses words like "believe," "anticipate," "intend," "estimate," "expect," "project" and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these words. These statements are forward-looking in nature and involve risks and uncertainties that may cause actual market trends and the Company's actual results to differ materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited to, continuing competitive pressure in the semiconductor industry and the effect of such pressure on prices; unpredictable changes in technology and consumer demand for smartphones; market acceptance of Hisense T96; the state of and any change in the Company's relationship with Hisense; and changes in political, economic, legal and social conditions in China. For additional discussion of these risks and uncertainties and other factors, please consider the information contained in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC") and the annual report on Form 20-F filed on April 10, 2012, especially the section under "Risk Factors" and such other documents that the Company may file with the SEC from time to time, including on Form 6-K. The Company assumes no obligation to update any forward-looking statements, which apply only as of the date of this press release, and does not intend to update any forward-looking statement whether as a result of new information, future events or otherwise except as required by law.
-- New Full-Band Capture remote diagnostic tools continuously monitor the
entire 1GHz cable connection to all data and video channels.
-- Provides real-time and unobtrusive cable performance information to
quickly troubleshoot customer service issues.
-- Lowers operator costs by reducing truck rolls for unnecessary service
Broadcom Corporation (Nasdaq: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today announced a full suite of remote monitoring and diagnostic capabilities based on its Full-Band Capture digital tuning technology. By capturing the entire 1GHz cable spectrum, Broadcom's remote diagnostics provide access to real-time data and visibility into a user's home coax network for quick problem diagnosis and better overall customer service.
Broadcom will demonstrate the technology at CableLabs Summer Conference in Keystone, Colorado August 5-7. Visit Broadcom.com to learn more.
-- Broadcom's Full-Band Capture Remote Diagnostics technology can be
implemented on the company's entire cable set-top box, gateway and modem
platforms using Full-Band Capture digital tuning technology chipsets.
Tailored to individual operator needs, operators can gather
troubleshooting information without impacting customer video or data
service. New remote diagnostics features include:
-- Advanced diagnostic capabilities including demodulator statistics
and RF spectrum analyzer functions.
-- Active non-intrusive monitoring to provide continual checks without
impacting user viewing or broadband experience.
-- Integration with the TR-69 protocol, Simple Network Management
Protocol (SNMP) or other web server-based protocols to provide both
remote and home access to real-time RF diagnostics data.
Broadcom's Full-Band Capture Diagnostics platforms are available today and supported on all cable set-top box, modem and gateway platforms with Full-Band Capture digital tuning technology.
For ongoing Broadcom news visit our Newsroom, read our B-Connected Blog, or visit us on Facebook or Twitter. And to stay connected, subscribe to our RSS Feed.
Dan Marotta, Broadcom's Executive Vice President and General Manager, Broadband Communications Group:
"Broadcom's breakthrough Full-Band Capture digital tuning technology not only gives operators the flexibility to deliver more channels and services at a lower cost, but it also enables the ability to deliver remote diagnostic services. This service is not only delivering a vastly improved customer service experience, but also facilitates huge cost savings for operators."
Broadcom Corporation (NASDAQ: BRCM), a FORTUNE 500® company, is a global leader and innovator in semiconductor solutions for wired and wireless communications. Broadcom® products seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. With the industry's broadest portfolio of state-of-the-art system-on-a-chip and embedded software solutions, Broadcom is changing the world by Connecting everything®. For more information, go to http://www.broadcom.com.
Broadcom®, the pulse logo, Connecting everything®, the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.
Trade Press Investor Relations
Dana Brzozkiewicz Chris Zegarelli
Public Relations Manager Senior Director, Investor Relations
SOURCE Broadcom Corporation; BRCM Broadband