M2 PRESSWIRE-23 July 2001-ALCATEL: Dell'Oro Group confirms Alcatel's increasing DSL leadership; Record shipments in Q1 2001 strengthen Alcatel's 7300 ASAM position as the world's most widely deployed broadband access platform (C)1994-2001 M2 COMMUNICATIONS LTD
RDATE:23072001
Paris -- Alcatel's (Paris: CGEP.PA and NYSE: ALA) market leading 7300 Advanced Services Access Manager (ASAM) has significantly strengthened its dominant position in the market for digital subscriber line access multiplexers (DSLAMs) according to figures recently released by respected industry analysts Dell'Oro Group.
Dell'Oro Group reports that Alcatel's 7300 ASAM achieved a share of more than 60 percent in the global market for DSLAM units during the first quarter of 2001. This is more than ten times the share of its nearest competitor. Alcatel has now shipped over 10 million ADSL ports worldwide.
Alcatel's 7300 ASAM enables carriers to bundle revenue generating services such as high speed Internet access, enhanced voice, virtual private networking and symmetrical services for business users from a single platform, with minimum incremental investment.
Dell'Oro Group expects DSL subscribers to grow in number from 8.2 million worldwide in Q1 2001 to 23.7 million by the end of the first quarter of 2002, an increase of over 150%.
"Mass broadband deployment requires integrated and fully managed solutions.
Once again, Alcatel's runaway market share demonstrates that the 7300 ASAM, with its outstanding ability to seamlessly integrate enhanced services as they evolve, is the benchmark standard of the world's largest DSL providers." said Willem Verbiest, president of Alcatel's DSL activities. "The increasing popularity of the Alcatel 7300 ASAM clearly indicates that service providers the world over continue to address strong demand for DSL. Alcatel is at the heart of their networks, ensuring that broadband is synonymous with profitable service delivery and shareholder value."
The figures quoted in this release were published in Dell'Oro Group's "1Q01 Routers, Access & Voice Report". The report is available for purchase at www.delloro.com.
About Alcatel DSL
For more information on Alcatel DSL solutions, visit http://www.alcatel.com/dsl.
About Alcatel Alcatel builds next generation networks, delivering integrated end-to-end voice and data networking solutions to established and new carriers, as well as enterprises and consumers worldwide. With sales of EURO 31 billion in 2000 and 110,000 employees, Alcatel operates in more than 130 countries. For more information, visit Alcatel on the Internet: http://www.alcatel.com
((M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data prepared by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com)).
More than twice as many U.S. adults now own an e-reader than did near the end of last year, but sales of tablet computers such as iPads leveled off during that same period, according to a recent survey.
The Pew Internet & American Life Project found that 12 percent of U.S. adults owned an e-book reader in May 2011, up from 6 percent in November 2010. Tablet computers, on the other hand, had a market penetration rate of 8 percent, roughly the same share as in January.
Cell phones are the most popular digital devices among U.S. adults--83 percent say they own at least one, followed by desktop computers (57 percent) and laptops (56 percent). Just 3 percent report owning both a tablet computer and an e-reader.
The survey results confirmed that laptops are slowly but surely replacing desktops as the computer of choice in the United States. In November 2010, desktops were still preferred (61 percent to 53 percent), but laptops are favored by adults under the age of 30 and are becoming more popular among older adults as well.
For more information, visit pewinternet.org.
Baku, July 4 (AzerTAc). Azerbaijan`s Ministry of Communications and Information Technologies is planning to create an organizing committee and working group in connection with ITU Telecom World 2011 Fair and Forum. It is scheduled to hold two meetings of working group and one meeting of organizing committee every month. High level debates at the event will tackle the core issues that are shaping the global ICT landscape in the age of broadband technology, including the pathway to a connected world; future internet; the spectrum edge; smarter lives; frameworks for innovation; heads in the cloud; social networks and privacy; the Internet of Things and more. The event, to be held at Geneva from 24 to 27 October, will welcome major players such as Alcatel-Lucent, AT&T, China Mobile, Cisco, Ericsson, Fujitsu, Huawei, Intel, NTT Group, Research in Motion, Samsung, Telkom SA, Turk Telecom, ZTE and more. National Pavilions from countries representing nearly half a billion people from across Africa, the Americas, Asia and Europe will showcase the very best in innovation and investment opportunities in those markets.
(THROUGH ASIA PULSE)
Blue Bell, Pa. (PRWEB) June 14, 2011
Fiberlink(R), the Mobility-as-a-Service (MaaS) company, today announced that it has been named to the first annual AlwaysOn OnMobile Top 100. OnMobile's list highlights the top emerging companies transforming the industry and creating viable business models for the mobile marketplace. Fiberlink was selected as a winner in OnMobile's Cloud Services category for its cloud-based MaaS360 platform, an on demand mobile device management solution used by organizations globally to secure smartphones and tablets.
Fiberlink was named to the OnMobile 100 list for being a leader amongst its peers and for "developing game-changing approaches and technologies that are likely to push outside the bounds of existing markets." Fiberlink's selection to the OnMobile 100 was based on innovation, market potential, commercialization, stakeholder value and media buzz. Earlier this year, Fiberlink was selected as an OnDemand Top 100 company for creating new opportunities in cloud computing and SaaS.
"The mobile market is booming, as evidenced by top researchers, who are predicting that more smartphones will be shipped in 2012 than PCs, and there will be more mobile Internet users than PC Internet users by 2014," says Tony Perkins, founder and editor of AlwaysOn. "This explosive market is being driven by companies such as Fiberlink that made this year's OnMobile Top 100 list. We congratulate Fiberlink on their selection into the OnMobile 100. They're a company that our editors believe to represent one of the highest-growth opportunities in the private company marketplace."
MaaS360 is used manages and secures more than one million devices at enterprises around the world. With MaaS360, organizations can control smartphones such as iPhones and Androids, tablets, laptops and desktops, allowing IT to centrally apply policy and monitor compliance from one system. This enterprise-wide approach provides IT with a single, integrated view of all its devices, creating operational efficiencies, reducing support costs and enhancing the overall experience for employees.
"Recognition in OnMobile's Cloud Services category is a further validation of MaaS360's position as the only true SaaS offering in the mobile device management market," said James Sheward, CEO of Fiberlink. "[logical not][logical not][logical not][logical not][logical not]The consumerization of IT continues to pose enterprise access challenges, and organizations need a single platform to manage every device -- from smartphones to laptops. OnMobile recognizes that MaaS360 solves these issues and addresses the complexity and cost issues of today's mobile enterprise."
Fiberlink will be honored at AlwaysOn's OnMobile event on June 14-15, 2011, at the Mobile Venture Summit in Redwood City, Calif. Fiberlink's Senior Vice President of Customer Platform Services Jim Szafranski will present at the event. A free 30-day evaluation of MaaS360 with support for the Android, iPad and iPhone can be accessed from http://links.maas360.com/trialsHome?A=PR.
About AlwaysOn
AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn's preeminent executive event series includes the Summit at Stanford, OnMedia, OnHollywood, Venture Summit Mid-Atlantic, OnDemand, Venture Summit Silicon Valley, Venture Summit East, GoingGreen Silicon Valley, and GoingGreen East. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.
About Fiberlink
Fiberlink(R), the leader in mobile device management is the creator and developer of cloud-based Mobility as a Service (MaaS) solutions. The company's MaaS360 platform enables IT to manage laptops, desktops and smartphones, such as the Android and iPhone, as well as tablet devices such as the iPad, in one window, one system. The company's MaaS360 mobility infrastructure and subscription services have revolutionized how enterprises and business users share and secure information over the Internet. The MaaS360 platform ensures reliable, secure and compliant mobile working for employees, while delivering unprecedented Mobility Intelligence[TM] to senior management and IT operations. MaaS360 is a recognized leader in mobile device management, helping both Global 2000 companies and smaller businesses cost-effectively support expanding mobile workforces and use mobile devices to remain competitive in today's economy. Additional information about MaaS360 is available at http://www.maas360.com.
(C) 2011 MaaS360 and the MaaS360 logo are trademarks of MaaS360 and may be registered in certain jurisdictions. All other brand names are trademarks of their respective partners.
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Byline: Laura Lynott
THE wife of the first Irishman to die on Everest has revealed she supported his dangerous climb because she 'fell in love with a man and a mountaineer'.
Orla Delaney, 39, paid tribute to her husband John, 42, after his death on Saturday just 50metres from the summit of the world's highest mountain.
He died just three days after she gave birth to their third child, a girl named Hope, but his wife never got the chance to tell him he had become a father again.
Mrs Delaney has told friends that she and her businessman husband were fully aware of the dangers, but she supported him in his dream to scale Everest.
She told adventurer and close family friend Pat Falvey that her husband's passion for climbing was one of the reasons she fell in love with him.
'I loved John as a man and mountaineer,' she said.
'I understood he had a passion and I was in full support of him. He knew and told me the risks involved but I fell in love with a man and a mountaineer.' His wife is said to be gaining strength from her nine-day-old daughter and the couple's two other children, three-year-old Caspar and Alexander, two.
Mrs Delaney had planned to keep Hope's birth as a surprise for her husband once he had finished the gruelling ascent.
She had tried to get in touch with him via text in the hours before his death, but there was no phone signal.
Friends said she was now wracked with guilt that she never got the chance to tell him the news of the birth.
Despite being heavily pregnant with their third child, she gave her full blessing to her husband's second attempt to conquer Everest. He had previously tried and failed five years ago.
'He was following his passion. One of the reasons I fell in love with him was because of who he was. Mountaineering was a part of the man I loved,' she said.
A memorial Mass will be held on Friday at St Brigid's Church in the climber's home town of Ballinakill, Co. Laois.
The internet entrepreneur's body will have to remain in the mountain's 'death zone', above 8,000metres, because it is too dangerous to reach. Mr Falvey, who has himself conquered Everest twice, said Mr Delaney knew death was a risk when tackling the mountain.
'John wanted to stand on top of the world's highest mountain. The top of Everest is the closest anyone can get to heaven,' Mr Falvey said.
'John talked to his family about the risks, he was aware of the risks.' 'They were aware of the fact that in the event of anything happening on the mountain, that John didn't want anyone else to put themselves at risk to help him.' Mr Falvey said Mr Delaney had trained to ensure he was in good physical condition.
'He was involved in marathons and he always classed himself to be fit,' he said. 'But high altitude on the mountain and walking into the death zone is nothing to do with fitness.
It all depends on how the body acclimatises.' He said the death zone was known to mountaineers as a place where you could not recover if anything went wrong.
'John calculated the risks but sadly he didn't make it,' he said.
'It is tragic that he lost his life at such a young age, and to have left such a young family. But we will all be there to support Orla, Caspar, Alexander and Hope. John loved mountains, he loved the challenge and he was a very competent climber.
'John is in the arms of the mountain.
This was his climb to heaven.' Mr Delaney, who was managing director of online market prediction company Intrade, first gained a taste for the adrenaline-pumping sport in 2005 when he climbed Aconcagua, South America's highest mountain at 6,962metres.
The climb fuelled his ambition to conquer the world's highest mountain.
He was hoping to become the 19th Irishman to reach the peak of Everest.
Mr Delaney had undergone a 'procedural' hospital operation before the Everest attempt, but this was not a concern that would have affected the climber's health, friends said yesterday.
They said he had been in the 'peak of his fitness' before the expedition set off on April 9. He had been training for months.
Mr Delaney's death was only confirmed on Tuesday as his team had been out of contact.
He had been travelling on a Russian-led expedition with a mountaineering group known as the Seven Summit Club.
The team of 18 climbers included one American and six Russian climbers, as well as eight sherpas. They left their north side Everest base camp at 8,300metres last Friday evening in a bid to reach the mountain's 8,848metre peak.
Mr Delaney got into difficulty after they reached 8,800metres and sherpas helped him down a short distance. But then he collapsed close to the summit with breathing difficulties. The oxygen level in the death zone is one third of what it is at sea level.
Guides spent two to three hours trying to resuscitate him with the help of doctors, who were in contact with them from Everest's control centre via radio.
But he was pronounced dead at 4.30pm local time on Saturday.
The cause of his death is not yet known but it is thought he may have developed complications from acute altitude sickness, which occurs when there is life-threatening buildup of fluid in the lungs or brain.
laura.lynott@dailymail.ie
CAPTION(S):
Adventurer: Mr Delaney, circled, on Mt Aconcagua in the Argentine Andes during an expedition in 2005
Passionate: Climber John Delaney during a TV appearance on CNBC
Fauquier Bankshares, Inc. (the "Company") (NASDAQ: FBSS) parent company of The Fauquier Bank, announced financial results for the first quarter ended March 31, 2011. The Company reported net income of $921,000 or $0.25 diluted earnings per share for the quarter ended March 31, 2011, compared to net income of $804,000 or $0.22 diluted earnings per share for the quarter ended March 31, 2010, an increase of 14.6%. Return on average assets was 0.63% and return on average equity was 8.37% for the first quarter of 2011, an increase from 0.58% and 7.48%, respectively, for the first quarter of 2010.
"The increase in our first quarter earnings reflects a continuation of the overall economic recovery for our customers," Randy K. Ferrell, president and CEO said. "We see this in our growth in wealth management revenues reflecting the development of new client relationships, as well as the improvement in the stock market. Additionally, we see continued stability in many of our loan credit quality indicators."
Net interest margin for the first quarter of 2011 was 4.12% compared to 4.33% for the same quarter in 2010, but net interest income remained relatively the same at $5.5 million for both the first quarters of 2011 and 2010. The reduction in margin was primarily caused by new deposits being invested at lower rates due to loan growth not sufficient to absorb the excess liquidity.
Total deposits were $514.5 million at March 31, 2011, an increase of 10.0%, compared to $467.8 million at March 31, 2010. Non-interest bearing demand deposits increased $9.7 million, or 15.0%, savings and interest-bearing demand deposits increased $63.2 million, or 30.3%, while time deposits fell $26.2 million, or 13.5% as of March 31, 2011.
Loans, net of allowance for loan losses, decreased $12.3 million, or 2.6%, from $467.4 million at March 31, 2010, to $455.1 million at March 31, 2011. The decrease was mainly comprised of decreases in residential real estate and consumer loans of $5.6 million and $3.1 million, respectively.
Nonperforming assets were $5.3 million at March 31, 2011, or 0.89% of total assets, compared with $5.5 million at December 31, 2010 and $7.3 million at March 31, 2010. Nonperforming loans and other real estate owned decreased 9.3%, from $5.4 million in the first quarter 2010 to $4.9 million at March 31, 2011. Charge-offs, net of recoveries, for the first quarter of 2011 were $96,000, compared with $387,000 for the first quarter of 2010, a decrease of 75.2%. Since January 1, 2008, through March 31, 2011, cumulative net charge-offs were $5.0 million compared to an aggregate provision for loan losses of $7.5 million. Total allowance for loan losses was $6.7 million or 1.45% of total loans at March 31, 2011, compared to $5.5 million or 1.16% of loans at March 31, 2010.
"We continue to use sound judgment with regard to loans," Ferrell said, "increasing our loan loss reserve, net of charge-offs, by $2.5 million since January 2008. As the economy and loan quality improve, we would expect to be able to moderate the required increases in reserves."
Non-interest income increased $391,000, or 45.6%, from $857,000 in the first quarter of 2010, to $1.2 million in the first quarter 2011. At March 31, 2011, Fauquier Bankshares' Wealth Management Services division income was $414,000 compared to $307,000 at March 31, 2010, an increase of 34.9%. In addition, there was a $198,000 decrease in net losses on securities. The Company recorded $189,000 in impairment losses on securities in the first quarter 2011, compared to $476,000 in the first quarter of 2010. The impairment losses on securities relate to the Company's investments in pooled trust preferred securities issued by 228 different financial institutions throughout the United States. Non-interest expense increased 4.0% to $5.1 million for the three months ended March 31, 2011, as compared to $4.9 million for the same period last year, primarily due to increased salary and benefits expense.
At March 31, 2011, the Company's leverage ratio was 8.53%, compared with 8.66% at March 31, 2010. The Company's tier 1 and total risk-based ratios were 11.61% and 12.87%, respectively, at March 31, 2011 and 10.91% and 12.12% at March 31, 2010. The minimum capital ratios to be considered "Well Capitalized" by the Federal Reserve are 5% for the leverage ratio, 6% for the tier 1 risk-based ratio, and 10% for the total risk-based ratio. Fauquier Bankshares and The Fauquier Bank had combined assets of $593.6 million and total shareholders' equity of $45.0 million at March 31, 2011.
Fauquier Bankshares, through its operating subsidiary, The Fauquier Bank, is an independent, locally-owned, community bank offering a full range of financial services, including internet banking, commercial, retail, insurance, wealth management, and financial planning services through ten banking offices throughout Fauquier and Prince William Counties in Virginia. The Fauquier Bank's 2011 Annual Meeting will be held at Poplar Springs Inn Spa, 9245 Rogues Road, Casanova, Virginia on Tuesday, May 17, 2011 at 9:30 a.m. Fauquier Bankshares' stock price closed at $13.40 per share on April 25, 2011. For additional information about Fauquier's products and services, including a more extensive investor presentation with comparisons of the Company's performance to peer institutions, please visit www.fauquierbank.com or by calling (800) 638-3798.
Keywords: Fauquier Bankshares, Fauquier Bankshares Inc., Finance, Financial Companies, Financial Institutions, Financial Planning, Financial Services, Industry, Investing, Investment, Real Estate, Regional - Southeast Banks.
This article was prepared by Economics Week editors from staff and other reports. Copyright 2011, Economics Week via VerticalNews.com.
San Jose, California (PRWEB) April 21, 2011
The unrelenting rise in storage requirements, Internet led explosion in digital content, rising demand for more computing power, ever increasing length, breadth, scale and density of networks, together makes storage management a critical consideration. Network-attached storage (NAS) technology, given its potential to address all of the issues mentioned above, has and will continue to remain in the limelight. Network-attached storage (NAS) is storage architecture with an aim to deliver businesses with cost-effective, scalable, and manageable alternatives for ever-growing data requirements.
NAS is one-of-its kind networked storage technology that allows connected host systems to share data. NAS devices have gained immense popularity in a short span of time, thanks to the wide range of benefits that they offer. As companies modernize their enterprise-networking infrastructure, driven by the need to remain competitive, and retain critical survival capabilities, such as, agility and flexibility in a fast changing marketplace, it is opportunities galore for technologies like network-attached storage (NAS) and storage-area network (SAN). The tough economic conditions have additionally reinforced the need to upgrade storage area network infrastructure in a cost-effective, yet compelling way. There are several advantages stacked in the favor of NAS technology, including, increase in data availability, improvements in server performance, optimized data access, end-user transparency, ease of setup, low installation and maintenance costs, and platform-independence.
Network Attached Storage (NAS) devices market is not impervious to the economic slowdown but remains resilient. The economic recession necessitated network operators and network equipment manufacturers to prune down investment outlays in the year 2009 to hedge the financial weakness in the market as well as in the balance sheets. The recession led deterioration of corporate and consumer confidence, shrinking income and asset values across different markets resulted in reduction or postponement of spending on network storage devices. Tightening budgets also resulted in longer purchasing cycles for storage solutions, and delay in adoption of technologies and launch of next-generation NAS devices designed to optimize storage utilization and reduce total cost of ownership. Likewise, consumer sector also adopted a cautious approach due to unstable employment scenario. Potential buyers turned reluctant to purchase new external storage solutions due to limited financial resources.
The replacement market was sluggish, as consumers tend to wait for more compelling reasons to upgrade, or in anticipation of further price reductions. Although the recession has temporarily thrown the NAS market as a whole off guard, the market is expected to quickly regain poise. This is primarily because cost cutting measures and blanket spending freezes, which are typically knee jerk reactions to a deteriorating economic climate, cannot continue for long in the storage solutions industry. Enterprises require continuous investments even in depressed economic climate, as data storage has become a vital component of the enterprise IT environment. Businesses constantly demand round-the-clock access to large pools of shared data including employee database, inventory and customer record.
As stated by the new market research report, Europe and North America accounts for a major share of the global Network Attached Storage (NAS) Devices market. Growth rates in emerging nations are encouraging, although coming from a much smaller base due to low penetration rate. As the economy and employment picture brighten, the growth potential of NAS devices for 2011 onwards is improving. By segment, Enterprise Network Attached Storage (NAS) Devices is the largest contributor to global market revenues. Global market revenues for Departmental Network Attached Storage (NAS) Devices are expected to surge at a fastest CAGR of 15.9% through 2017.
Major players in the global marketplace include BlueArc Corporation, Buffalo Inc, Dell Inc, EMC Corporation, Isilon Systems, Hewlett-Packard Company, Hitachi Data Systems Corporation, International Business Machines Corporation, LSI Corporation, NetApp Inc, NetGear Inc, Overland Storage Inc, Panasas Inc, Pillar Data Systems, SGI Corporation, among others.
The research report titled "Network Attached Storage (NAS) Devices: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections (in US$ Millions) for major geographic markets including the North America, Europe, Asia-Pacific, and Rest of World. Product segments analyzed include Enterprise, Departmental, and Workgroup.
For more details about this comprehensive market research report, please visit --
http://www.strategyr.com/Network_Attached_Storage_NAS_Devices_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
E-mail: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
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As summer arrives, thousands of race fans are using RacingIn(R).com every week to find race tracks all over the United States. In addition, hundreds of racers have created their own Racing Pages to promote themselves, their racing, and their sponsors while interacting with race fans from across the United States.
(PRWEB) June 16, 2010 -- Across the United States, thousands of race fans are using RacingIn(R).com every week to locate race tracks and drag strips as they search for great racing.
"RacingIn(R).com was conceived more than 3 years ago as I was seeing the decrease in sponsorship revenue and ticket sales within major motorsports" explained Scott Kosak, the founder of RacingIn(R).com, "Working on that big stage had caused me to forget about the great racing I enjoyed as at Stafford Motor Speedway in Connecticut. I figured that people weren't simply forgetting about major motorsports, they simply had more difficulty enjoying them as the economy started to get more challenging for all." His vision seems to be proven clear as week in and week out, thousands of race fans are reviewing not just large super speedway profiles, but also the profiles of more than 1,000 different race tracks as they search for local racing on ovals, drag strips and road courses across the United States!
As the very first socially-themed website exclusively devoted to connecting every race fan with any racer RacingIn(R).com also provides the tens of thousands of local racers all over the United States the best opportunity to build their own FREE on-line Racing Pages to promote themselves, their racing and their sponsors!
RacingIn(R).com provides every racer a free, high quality and interactive on-line presence, while at the same time giving race fans everywhere 'inside access' to interact with them whenever they'd like. "Racing at every level is fueled by the loyalty shared between racers and their fans. In the age of the internet and social media, with sponsorship cutbacks affecting everyone, racers everywhere need a turnkey way to promote themselves and connect with race fans." said Kosak, "With RacingIn(R).com, racers all over the world can create their own free Racing Pages and interact with fans everywhere with no added expense to their already tight racing budgets."
To facilitate social engagement between racers and race fans, every racer gets their own racing forum where they can blog about their racing, promote their sponsors, and invite interaction from race fans who can create their own Racing Pages. The racers' entries are then integrated directly into their Racing Pages, which also include a basic profile, their race schedule/results, descriptions of their racing vehicles and a complete photo gallery.
Given the feedback of some of the racers involved at RacingIn(R).com it seems to be filling an obvious need with the feedback of racers recognizing the benefits associated with having their own free Racing Pages on the internet.
According to Kyle Brinkmann Racing of Elkhorn, WI, "We have chosen Racing In as our primary source of communication to our fans and marketing partners. Since making the move to Racing In we have gained two sponsors and Kyle was contacted by an ARCA team. There is no better place on the net to get you noticed and to get your message out there".
RacingIn(R) isn't just for adult racers, as explained by Ted Hodgdon of Danbury, CT whose son, Teddy Hodgdon, is a Tiger Sprint racer, "It provides a great way for the racer/fan to have their own website. I had been looking for a way to promote my son's karting activities and it does not get any easier than RacingIn(R).com! I was able to build a professional looking site in only a few minutes and did I mention the best part, it's free! I have already sent it to all his family and fans, the response has been terrific. They now have a place to follow his season."
In just over a year, RacingIn(R).com has firmly established itself as the first racing-themed social website focused on connecting every race fan with any racer and every race track in the United States. With more than 15,000 thousand members, friends, fans and followers across various mainstream social media sites, RacingIn(R).com is looking forward to continued growth as the 2010 racing season deepens and race fans everywhere find local race tracks and their favorite local racers at RacingIn(R).com.
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The Irish have always believed that education is a journey, not a destination. Unfortunately, for almost a century that journey for millions for the country's young people meant flooding out across the world to the seemingly greener pastures of the United States, the United Kingdom, Australia - anywhere they could get a job.
The country itself was a rural backwater, with little industry. The majority of young people rarely went beyond primary school. Some did manage to get a secondary education, and the wealthy few went onto university.
Then along came Donogh O'Malley, a bright young education minister, who persuaded his government colleagues that free education could help to stem the emigrant fide. That was in the 1960s. But jobs didn't materialize overnight. Emigration continued - and the only satisfaction the Irish taxpayer got was that the free education system, one of the best in the world, was sending out a better educated product.
The spinoff envisaged by Donough O'Malley didn't happen until the following decade. In the 1970s, the Irish government decided to capitalize on the O'Malley legacy, gearing the country toward attracting high-tech industry and using its highly educated youth to bolster its claims.
The pharmaceutical, health care, and computer industries were targeted - sectors mainly dominated by American multinationals. In came the big electronics and computer world players: General Electric, Digital, Hewlett-Packard, Apple, Intel, Motorola, Gateway, Microsoft, IBM, Analog, Lotus, and scores of others.
The Industrial Development Authority, which is responsible for attracting new industry, says Ireland now rates as the single most important location in Europe for the world's major electronics companies. Five of the world's leading software companies are also here.
The main attractions: generous tax breaks, a green-and-clean working environment, and one of the world's best educated and highly skilled work forces.
The latest OECD education surveys shows Ireland with the fourth-highest number of graduates at degree level within the European Union. Indeed, 24 percent of Irish 25-34 year-olds have a tertiary qualification, compared to an OECD average of 23 percent. Ireland ranks eighth out of 21 countries.
In 1994, Ireland had the highest number of 25-34 year-olds in the OECD with science-related tertiary qualifications per 100,000 (higher than Japan and Korea).
And Irish teachers, after 15 years of service, are shown to be the third-highest paid in 18 OECD countries. Only Germany and Switzerland pay their teachers more at this stage.
In the current year, almost $3.3 billion will be spent on education - a 40 percent increase over the last five years. Former education minister Niamh Bhreathnach says this spending is essential. In a world of global market and multinational corporations, satellite television, and almost instant communication through the Internet and other technologies, she says one thing is clear - education is, and will continue to be, the basis for economic prosperity.
The new education minister, Michael Martin, says information technology is an education priority - at all levels. It will help to establish Ireland as the "information services hub" for Europe. And he says his policy objective is to ensure that every child is computer-literate by the end of their school life.
Knowledge is at the heart of new products and processes. The knowledge revolution has surpassed even the industrial revolution in its impact on human life, and it continues to grow at a phenomenal pace.
That eminent educationalist, Frank Rhodes of Cornell University, put it like this: "Nations that can work smarter - not harder - will be the ones to lead the world in to the next century."
The Irish government is investing $71 million up to 2001 in acquiring information and communications technologies equipment, training, and curriculum manuals - as well as Internet connections - in more than 4,000 schools. And Education Minister Martin has set up a joint education-industry task force to improve the supply of technicians for high-tech industries, which, he says, are crucial to continued expansion.
Microsoft's Bill Gates agrees - and has even adopted a small primary school in the remote rural community of Carnacon, in Ballyglass, County Mayo. The three-teacher, 60 pupil school has been working with computers since 1982. School principal Art O'Sullivan says children as young as five years of age are working on computers while others compile pages for the Internet and work on software programs.
Bill Gates has declared the school "a center of excellence" for information technology and, according to Art O'Sullivan, is supplying the school with a variety of educational and business packages.
Although children in Ireland are not obliged to attend school until the age of six, 65 percent of four year-olds and almost all five year-olds are enrolled in primary schools. Post-primary (second level) includes secondary, vocational, community, and comprehensive schools - 775 schools with just more than 370,000 students.
These secondary schools, educating 61 percent of second-level students, are privately owned and managed - the majority by religious communities and the remainder by the boards of governors or by individuals. The state meets 95 percent of salaries. In addition, allowances and capitation grants are paid to the 95 percent of secondary schools participating in the free education scheme.
A wide range of vocational education and training courses are also provided for students completing second level studies.
Almost 90,000 students also pursue higher education, or third level, in universities, technological colleges, teacher training colleges, and some non state-aided private, higher education colleges.
Alvin Toffler in Future Shock wrote, "Our schools are facing backwards . . . toward a dying system, rather than forward ... their vast energies are applied to cranking out people tooled for survival in a system that will be dead before they are. We must search for our objectives and methods in the future rather than in the past."
That was written in 1971. Ireland, with an already rich heritage in the arts and culture, is now facing the new millennium and the information superhighway, sights firmly set on placing education at the forefront as an essential tool of communication - and continuing prosperity.
LONDON: England made 12 changes for the return match against France in their final World Cup warmup.
Only scrumhalf Shaun Perry, lock Simon Shaw and wing Josh Lewsey kept their places for Saturday's game in Marseille, after starting in the 21-15 loss to France at Twickenham last weekend.
England: Mark Cueto, Josh Lewsey, Dan Hipkiss, Andy Farrell, Jason Robinson, Jonny Wilkinson, Shaun Perry, Perry Freshwater, George Chuter, Phil Vickery, Simon Shaw, Steve Borthwick, Martin Corry, Tom Rees, Nick Easter. Reserves: Lee Mears, Matt Stevens, Joe Worsley, Lawrence Dallaglio, Andy Gomarsall, Olly Barkley, Paul Sackey.
EDINBURGH: Scotland coach Frank Hadden fears the World Cup could be blighted by a succession of injury problems because of the rule restricting squads to 30 players at the tournament.
Hadden, who named his squad on yesterday's deadline day when outside-half Gordon Ross was a notable omisssion, said standards of play at rugby union's showpiece event, which starts in France next month, could suffer if injury-hit sides were forced to play people out of position just to get 15 fit players on the field.
SYDNEY: Australia winger Lote Tuqiri and prop Matt Dunning have been issued with official warnings over their behaviour after a World Cup training camp in Brisbane last week.
The two players were involved in an all-night drinking session which ended at around 5.30am and will be on a midnight curfew during the tournament in France starting on September 7.
TORONTO: Russian third seed Svetlana Kuznetsova made a triumphant return in her first match since Wimbledon, defeating Italy's Roberta Vinci 6-2, 7-6 (9/7) yesterday at a $1.34 million-WTA (R7m) tournament.
Kuznetsova, the 2003 US Open champion, has not won a WTA title or advanced past the quarter-finals at a Grand Slam event this season.
TORONTO: World No 1 Justine Henin says she is getting enough thrills on the court this season that there has been no need to jump out of planes to get her adrenalin fix.
Back in action for the first time since a semi-final loss to Marion Bartoli at Wimbledon, Henin's appearance at the Toronto Cup this week signals the start of her build-up to the US Open, leaving the Belgian little time to pursue her hobby - skydiving.
MASON: Rafael Nadal's troublesome right knee has improved, along with his outlook.
The world No 2 was encouraged after he practised yesterday for his opening match at the Western and Southern Financial Group Masters. The knee that has limited him since his epic Wimbledon final loss to Roger Federer is rounding back into shape.
"I have to be careful with the knee," the Spaniard said, shortly after a morning workout. "But I'm happy about how the knee worked in Montreal. It wasn't a problem, and I come here with the same expectations."
SYDNEY: The prospect of an Australian team competing in the 2009 Tour de France has moved closer to reality, according to local media reports yesterday.
Top Australian riders including Robbie McEwen, Cadel Evans, Stuart O'Grady and Michael Rogers could join forces in the sport's most prestigious race for a team financed by a company owned by internet entrepreneur Tony Smith.
LOS ANGELES: David and Victoria Beckham have unpacked and are "loving" their new Beverly Hills home a month after the English soccer superstar relocated his family to play for the Los Angeles Galaxy.
"I've never seen the kids and Victoria so happy," Beckham said yesterday after practising for the first time since he was introduced on July 13.
"The kids have reacted in the right way, they've adapted in the right way. That's the best part for me, to have a happy family," he said.
A New York court has rejected discount airline AirTran's lawsuit attempting to get the shareholder list of Midwest Airlines, which AirTran is targeting with a hostile takeover effort.
Justice Helen E. Freedman said in a decision that Midwest does not do business in New York so the company is not subject to New York regulation.
Midwest spokeswoman Carol Skornicka said in a news release that AirTran still can communicate to Midwest shareholders. The company mails out AirTran's offers and other communications directly to shareholders; it's just not interested in sharing the list, she said.
Tad Hutcheson, vice president of marketing for the Orlando-based AirTran, said the court's decision was a technicality and that the airline would appeal and eventually get the list.
Kohl's in deal with Polo Ralph Lauren
Kohl's Corp. today announced that it has signed an agreement with Polo Ralph Lauren to become the exclusive distributor of the new Chaps Home collection when it is launched in May.
Chaps, which started as a men's cologne, has expanded to include men's, women's and boy's clothing. Chaps Home will include home products like bedding, towels and bath rugs. Chap's also will launch a line of girl's clothing this spring.
The Chaps Home collection will be available in all Kohl's stores and online at Kohls.com.
New Volvo S80 at Fields Thursday
The redesigned 2007 Volvo S80 luxury sedan will make its local debut at the grand opening of Fields Volvo Madison on Thursday.
Glenview, Ill.-based Fields Auto Group acquired the local Volvo dealership from Smart Motors last summer. The company also has the Jaguar and Land Rover brands here.
Amenities at the upscale $4 million dealership at 6624 Seybold Road include free car washes, free paintless dent repair, gourmet coffee and Internet work stations.
BRIEFLY
The monthly High Tech Happy Hour meeting will be Thursday from 5-7 p.m. at The Brink Lounge.
401kDesign has moved to 6255 University Ave. in Middleton. Its phone number remains 213-1968 and its Web site remains www.401kdesign.net.
AMR Corporation , the parent company of American Airlines, Inc., and American Airlines today announced that the registration statement on Form S-3 they have filed with the Securities and Exchange Commission, relating to $300,000,000 principal amount of AMR Corporation's outstanding 4.25% Senior Convertible Notes due 2023 which were issued in a private placement in September 2003, has been declared effective by the SEC.
This resale registration statement was filed in satisfaction of registration rights granted to the selling security holders. AMR and American Airlines will not receive any of the proceeds from any resale of the notes or the common shares issuable upon conversion of the notes.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Statements in this release contain various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which represent AMR and American Airlines' expectations or beliefs concerning future events. When used in this release, the words "expects," "plans," "anticipates," "believes," and similar expressions are intended to identify forward-looking statements. Forward-looking statements include, without limitation, the companies' expectations concerning operations and financial conditions, including changes in capacity, revenues, and costs, future financing needs, overall economic conditions, plans and objectives for future operations, the impact on the companies of their results of operations for the past three years and the sufficiency of their financial resources to absorb that impact. Other forward-looking statements include statements which do not relate solely to historical facts, such as, without limitation, statements which discuss the possible future effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. All forward-looking statements in this release are based upon information available to the companies on the date of this release. The companies undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Forward-looking statements are subject to a number of factors that could cause the companies' actual results to differ materially from their expectations. The following factors, in addition to other possible factors not listed, could cause the companies' actual results to differ materially from those expressed in forward-looking statements: the uncertain financial and business environment the companies face; the struggling economy; high fuel prices and the availability of fuel; continuing U.S. military involvement in Iraq; conflicts in the Middle East or elsewhere; historically low fare levels and the general competitive environment; the ability of the companies to implement their restructuring program and the effect of the program on their operational performance and service levels; uncertainties with respect to the companies' international operations; changes in their business strategy; actions by U.S. or foreign government agencies; the possible occurrence of additional terrorist attacks; another outbreak of SARS or another disease that affects travel behavior; the inability of the companies to satisfy existing liquidity requirements or other covenants in certain of their credit agreements; and the availability of future financing. Additional information concerning these and other factors is contained in the companies' Securities and Exchange Commission filings, including but not limited to their Forms 10-K for the year ended Dec. 31, 2003.
Current AMR Corp. news releases can be accessed via the Internet.
The address is http://www.amrcorp.com/ .
CONTACT: Al Becker, Corporate Communications of AMR Corporation, +1-817-967-1577, or corp.comm@aa.com
Web site: http://www.amrcorp.com/
BOUNTIFUL, Utah -- Specialized Health Products International, Inc. (OTCBB: SHPI)
--Company achieves profitability ahead of schedule; Net income increases 154%
--Total revenues increase 54%
Specialized Health Products International, Inc. (OTCBB: SHPI), a leader in the design and development of medical safety devices, today reported consolidated financial results for the third quarter and nine months ended September 30, 2004.
Third quarter highlights include:
--Achieves operating income profitability of $174 thousand or 11% of revenue
--Revenue increases 54% year-over-year and 24% sequentially to $1.6 million
--Product revenues improve 141% and operating expenses decrease 15% compared to same period last year
--Receives second patent for SecureLoc(TM) platform technology
Revenues for the third quarter of 2004 were $1.6 million, a sequential increase of 24% from the second quarter of 2004, and an increase of 54% from the $1.1 million recorded in the same period last year. Net income for the quarter increased 154% to $174 thousand compared to a net loss of $322 thousand for the third quarter of 2003. On a diluted earnings per share basis, the Company reached breakeven for the third quarter of 2004 compared to a loss of $(0.02) per diluted share for the third quarter of 2003.
The Company's revenues for the nine months ended September 30, 2004 increased 69% to $4.1 million, compared to $2.4 million in the same period in 2003. Net loss for the nine-month period was $286 thousand, or $(0.01) per diluted share, an improvement of 82% compared to a loss of $1.6 million, or $(0.09) per diluted share, in the same period last year.
"We are extremely pleased with our third quarter results, and that we were able to achieve net income profitability ahead of schedule," commented, Jeff Soinski, President and Chief Executive Officer. "We continued to significantly drive sales and achieved profitability even after investing approximately one-half of our total operating expense in research and development. Our strategy of building a portfolio of innovative medical devices, while maintaining careful control of our operating efficiencies, allowed us to attain our goal of profitability ahead of schedule. The investments we have made are providing increasing returns that benefit our customers, our shareholders and the company."
"We have developed a solid portfolio of innovative technology and are emerging as a leader in the design and development of medical safety devices," Soinski said. "We are in the early stages of experiencing the long-term benefits of our commercialized patented technologies and mining the relationships we have established with leading disposable medical products marketers and distributors."
Mr. Soinski continued, "We continue to focus on research and development and recently received our second patent on our latest medical platform technology SecureLoc(TM). This technology can be applied to a wide range of medical needles currently without a viable safety solution. In addition, we announced our second major product agreement on SecureLoc(TM), a worldwide development and OEM supply agreement with Tyco Healthcare for conventional and safety bone marrow biopsy needles. SecureLoc(TM) has many applications and we will continue to pursue the many sound business opportunities this technology offers."
"As we look to the fourth quarter of 2004 and beyond, we are very excited about our growing portfolio of innovative medical safety devices and look forward to reporting continued improvement in our operating performance," Mr. Soinski concluded.
SHPI will conduct a conference call to discuss third quarter 2004 financial results on Thursday, November 11, 2004, at 4:30 p.m. EST. Investors can listen to the conference call live by dialing (800) 230-1074 in the U.S. and (612) 332-0636 internationally. In addition, the call will be broadcast live over the Internet hosted at www.shpi.com under "Webcast" and will be archived online within one hour after completion of the call. A replay of the call will be available for one week after the event by dialing (800) 475-6701 in the U.S. and (320) 365-3844 internationally and entering access code: 754338.
About Specialized Health Products International, Inc.
SHPI is a leading designer and developer of proprietary safety medical needle products, designed to minimize the risk of accidental needlesticks, which are a leading cause of the spread of blood-borne diseases such as HIV/AIDS and hepatitis B and C. SHPI has two primary platform, patented safety needle technologies that apply to virtually all medical needles used today. SHPI manufactures and markets certain products under its own label. Other products are supplied to third parties on an OEM basis or licensed to leading manufacturers and marketers in the disposable medical products industry. For more information about SHPI, visit the company's web site at www.shpi.com.
This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic conditions, risks in product and technology development, the effect of the Company's accounting policies and other risk factors detailed in the Company's SEC filings. These factors and others could cause operating results to vary significantly from those in prior periods and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the Company and its operations, are included on certain forms the Company files with the Securities and Exchange Commission.
(Financial Tables Follow) SPECIALIZED HEALTH PRODUCTS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) ASSETS September 30, December 31, ------ 2004 2003 ------------ ------------ Current assets: Cash and cash equivalents $ 2,040,353 $ 2,405,626 Accounts receivable 815,613 727,615 Inventory 319,171 199,044 Prepaid expenses and other 41,543 167,727 ------------ ------------ Total current assets 3,216,680 3,500,012 ------------ ------------ Property and equipment: Research and development machinery and equipment 361,984 359,525 Office furniture and fixtures 158,085 158,085 Computer equipment and software 199,698 200,177 Leasehold improvements 139,350 139,350 Molds 201,090 201,090 Manufacturing equipment 75,440 69,326 Construction-in-progress 122,756 33,993 ------------ ------------ 1,258,403 1,161,546 Less accumulated depreciation and amortization (881,197) (833,968) ------------ ------------ Net property and equipment 377,206 327,578 ------------ ------------ Intangible assets, net 266,116 235,585 Other assets 27,000 27,000 ------------ ------------ $ 3,887,002 $ 4,090,175 ============ ============ LIABILITIES AND STOCKHOLDERS' EQUITY ------------------------------------- Current liabilities: Accounts payable $ 211,421 $ 229,122 Accrued liabilities 333,322 318,819 Accrual for patent litigation expenses, current portion 650,000 650,000 Deferred revenue, current portion 599,016 795,616 ------------ ------------ Total current liabilities 1,793,759 1,993,557 Accrual for patent litigation expenses, net of current portion 141,365 641,365 Deferred revenue, net of current portion 89,981 371,349 Deferred rent 12,702 11,929 ------------ ------------ Total liabilities 2,037,807 3,018,200 ------------ ------------ Stockholders' equity: Preferred stock, $.001 par value; 30,000,000 shares authorized, 0 and 21,861,369 shares Series A outstanding, respectively - 21,861 Common stock, $.02 par value; 70,000,000 shares authorized, 41,055,348 and 17,831,479 shares issued and outstanding, respectively 821,107 356,630 Additional paid-in capital 38,123,270 37,502,557 Accumulated deficit (37,095,182) (36,809,073) ------------ ------------ Total stockholders' equity 1,849,195 1,071,975 ------------ ------------ $ 3,887,002 $ 4,090,175 ============ ============ SPECIALIZED HEALTH PRODUCTS INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) --------------------- ----------------------- For the Three Months For the Nine Months Ended September 30 Ended September 30 --------------------- ----------------------- 2004 2003 2004 2003 ---------- ---------- ---------- ------------ Revenue: Product sales and royalties 1,173,564 823,626 3,074,351 1,772,833 Technology fees and licensing revenues 198,906 196,428 596,718 579,240 Development fees and related services 247,866 29,421 391,639 49,896 ---------- ---------- ---------- ------------ Total Revenue 1,620,336 1,049,475 4,062,708 2,401,969 Cost of revenues 378,034 136,979 817,683 338,716 ---------- ---------- ---------- ------------ Gross Profit 1,242,302 912,496 3,245,025 2,063,253 Gross Profit Margin 77% 87% 80% 86% Operating Expenses: Research and Development 526,038 674,853 1,786,503 2,010,400 Sales and Marketing 199,951 308,893 788,324 908,322 General and Administrative 343,478 268,626 984,829 851,002 ---------- ---------- ---------- ------------ Total Operating Expense 1,069,467 1,252,372 3,559,656 3,769,724 ---------- ---------- ---------- ------------ Net Loss from Operations 172,835 (339,876) (314,631) (1,706,471) Other Income (Expense) 1,332 17,971 28,522 79,549 ---------- ---------- ---------- ------------ Net Loss 174,167 (321,905) (286,109) (1,626,922) ========== ========== ========== ============
