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Businessnetwire.us: Morning News To Focus On For January 18, 2008
(M2 PressWIRE Via Thomson Dialog NewsEdge)
RDATE:18012008
New York, NY -- BusinessNetWire's "Investor's Update" Focuses on the
Following Companies:
Avnet, Inc. (NYSE: AVT); Force Protection, Inc. (NASDAQ: FRPT); Burger
King Corp. (NYSE: BKC); CDC Corporation, (NASDAQ: CHINA); APP
Pharmaceuticals, Inc. (Nasdaq: APPX); PAR Technology Corporation (NYSE:
PTC)
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Avnet, Inc. (NYSE: AVT)
Avnet, Inc. closed at $29.43 Thursday, trading 1,443,400 shares.
Company News- January 17, 2008: Avnet Electronics Marketing and Taiyo
Yuden Launch Americas Distribution Pact
Yesterday Electronic components distributor Avnet Electronics Marketing
Americas, a part of Avnet, Inc. (NYSE: AVT), and TAIYO YUDEN (U.S.A.)
INC., a leading manufacturer of surface-mount and leaded passive
components, announced a distribution agreement. Under the pact, Avnet
will distribute TAIYO YUDEN's full line of ceramic capacitors, filters,
inductors, high frequency and magnetic components in North and South
America.
TAIYO YUDEN utilizes industry leading resources to raise standards and
outcomes in research and development, technology, production and
distribution to offer customers top-flight solutions worldwide. "We are
very impressed by Avnet's leading position in the global distribution
market and look to leverage their fulfillment and supply chain
expertise to help TAIYO YUDEN enhance service levels while bringing our
cutting edge technology products to our customer base in the North and
South American markets," said Hisashi Oi, CEO of TAIYO YUDEN (U.S.A.),
INC. "We are excited about the relationship and feel that combining
TAIYO YUDEN's product technology with Avnet's logistics services is an
ideal way to streamline operations while focusing more resources on
developing new business in the Americas."
"As one of the largest manufacturers of surface-mount capacitors and
inductive components, TAIYO YUDEN's product portfolio is a strong
complement to Avnet's current offerings," said Pat Wastal, senior vice
president of IP&E for Avnet Electronics Marketing. "The agreement will
allow us to augment our historical supply chain solutions and position
Avnet and TAIYO YUDEN as premier logistics support providers for our
customers." For more information, please visit: www.em.avnet.com/tyu
About Avnet Electronics Marketing
Avnet Electronics Marketing is an operating group of Phoenix-based
Avnet, Inc. (NYSE:AVT), a Fortune 500 company. Avnet Electronics
Marketing serves electronic original equipment manufacturers (EOEMs)
and electronic manufacturing services (EMS) providers in more than 70
countries, distributing electronic components from leading
manufacturers and providing associated design-chain and supply-chain
services. The group's Web site is located at http://www.em.avnet.com.
About Avnet
Avnet, Inc. (NYSE:AVT) is one of the largest distributors of electronic
components, computer products and technology services and solutions
with more than 300 locations serving more than 70 countries worldwide.
The company markets, distributes and optimizes the supply-chain and
provides design-chain services for the products of the world's leading
electronic component suppliers, enterprise computer manufacturers and
embedded subsystem providers. Avnet brings a breadth and depth of
capabilities, such as maximizing inventory efficiency, managing
logistics, assembling products and providing engineering design
assistance for its 100,000 customers, accelerating their growth through
cost-effective, value-added services and solutions. For the fiscal year
ended June 30, 2007, Avnet generated revenue of $15.68 billion. For
more information, visit www.avnet.com.
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Force Protection, Inc. (NASDAQ: FRPT)
Force Protection, Inc. closed at $3.69 Thursday, trading 2,713,200
shares.
Company News- January 17, 2008: Force Protection Receives $74 Million
ILS Contract From U.S. Marine Corps
Force Protection, Inc. (NASDAQ: FRPT) announced yesterday that it has
received through its wholly owned subsidiary, Force Protection
Industries, Inc., a $74,130,482 million contract for integrated
logistics support (ILS) on the Company's Cougar MRAP Category I and
Category II vehicles.
"Force Protection recognizes the importance of supporting the vehicles'
performance in the field," said Force Protection Industries' Vice
President for Integrated Logistics Support, Phillip Owens. "The
Company's ILS business segment has kept pace with the rush to field
these life-saving vehicles. This contract is indicative of our
continued efforts to ensure troops have the vehicles in service and to
provide them the maximum protection possible."
Force Protection Industries' ILS division focuses on the maintenance
and replacement parts support of the Company's Cougar and Buffalo
armored vehicles deployed in Iraq and Afghanistan. The vehicles have
been delivered to the U.S. government in record numbers in the past
year.
The Company's Cougar and Buffalo vehicles have been regarded as the
gold standard in troop safety since their initial deployment in 2003.
They have withstood more than 3,000 blast attacks while being used by
explosive ordnance disposal, route clearance, and other first response
units.
About Force Protection, Inc.
Force Protection, Inc. was the first to respond to the urgent need to
bring lifesaving mine-resistant ambush protected vehicles to U.S.
troops in combat. The Company is a leading American manufacturer of
ballistic- and blast-protected wheeled vehicles currently deployed by
the U.S. military and its allies to support armed forces and security
personnel in conflict zones. The Company's specialty vehicles, the
Cougar and the Buffalo, each have a proven track record where it
matters most - in the battlefield. The Company's newest vehicle, the
Cheetah, is designed specifically for reconnaissance, forward command
and control, and urban operations, and combines state-of-the-art
ballistic and blast protection with the mobility of a unique
light-armored vehicle. These specialty vehicles, which the Company
believes are in the forefront of blast-resistant technology, are
designed to protect their occupants from landmines, hostile fire, and
improvised explosive devices (IEDs, commonly referred to as roadside
bombs). The Company is one of the primary providers of vehicles for the
U.S. military's Mine Resistant Ambush Protected, or MRAP, vehicle
program. For more information on Force Protection and its vehicles,
visit www.forceprotection.net.
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Burger King Corp. (NYSE: BKC)
Burger King Corp. closed at $21.82 Thursday, trading 1,800,800 shares.
Company News- January 17, 2008: Burger King Corp. Appoints Robert
Perkins Vice President Inclusion and Talent Management
Yesterday Burger King Corp. (NYSE: BKC) announced the appointment of
Robert Perkins as vice president, inclusion and talent management. In
this newly created position, Perkins will oversee BKC's internal and
external inclusion strategies, and be responsible for ensuring progress
against objectives in each of the company's inclusion pillars. These
four pillars consist of workforce, community, guests and
operators/suppliers. Perkins will also be responsible for BKC's talent
management group. He will oversee management development, including
talent assessment and reviews, leadership development and training, and
succession planning. He reports to Pete Smith, chief human resources
officer.
"Robert's unique experience enables us to merge our talent management
and inclusion departments under one person and most effectively deliver
against our people strategies," Smith said. "We also believe Robert can
maximize the opportunities around our inclusion initiative as we
incorporate inclusion into our business strategies. Our inclusion
pillars were designed to reinforce the importance of working as one
cohesive group, while respecting and embracing all the differences we
bring to the BK brand every day. In addition, Robert will work closely
with the Diversity Action Council to elevate the importance of
inclusion among our employees and franchisees."
Perkins comes to BKC as a senior human resources executive with
extensive global experience in the consumer products, media and
entertainment industries. He worked most recently at Sony BMG Music
where he directed the company's efforts in management and executive
development, talent acquisition and diversity compliance. His prior
experience also includes leadership roles of increasing responsibility
at Time Warner, Philip Morris, Kraft Foods, Avon Products and Proctor
and Gamble. At several of these corporations, he assisted senior
management with developing company-wide diversity business plans,
integrating diversity into all systems and processes, and coaching
managers on diversity awareness and skills.
Perkins holds a bachelor's degree in business administration/marketing
from the University of Illinois.
About Burger King Corp.
The BURGER KING system operates more than 11,200 restaurants in all 50
states and in 69 countries and U.S. territories worldwide.
Approximately 90 percent of BURGER KING restaurants are owned and
operated by independent franchisees, many of them family-owned
operations that have been in business for decades. To learn more about
Burger King Corp. please visit the company's Web site at
http://www.bk.com.
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CDC Corporation, (NASDAQ: CHINA)
CDC Corporation closed at $3.95 Thursday, trading 3,704,600 shares.
Company News- January 17, 2008: CDC Software Expects Record Revenue of
$92 to $95 Million for the Fourth Quarter of 2007
Yesterday CDC Software, a wholly-owned subsidiary of CDC Corporation,
(NASDAQ: CHINA) and a leading provider of industry-specific enterprise
software applications and business services, announced preliminary
revenue results for the fourth quarter of 2007.
Based on preliminary financial data, CDC Software expects total
revenues for the fourth quarter of 2007 ended December 31, 2007, to be
between US$92 million and US$95 million, which would be a record for
the company and an increase of 35% to 39% from US$68.3 million in the
fourth quarter of 2006. Software license revenues are expected to be
between US$17.5 million and US$18.5 million which would represent an
increase of 14% to 20% from US$15.4 million in the fourth quarter of
2006.
"We are proud to finish 2007 off on a strong note as CDC Software
achieved several significant milestones from a growth and operational
perspective during the year," said Eric Musser, President and CEO of
CDC Software. "We have grown our revenues at a significantly higher
rate than the overall software industry, which is the result of our
vertical focus, strong execution and well-targeted acquisitions."
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise
software applications and services, CDC Games focused on online games,
and China.com focused on portals for the greater China markets. For
more information about CDC Corporation (NASDAQ:CHINA), please visit
www.cdccorporation.net.
About CDC Software
CDC Software, The Customer-Driven Company, is a provider of enterprise
software applications designed to help organizations deliver a superior
customer experience while increasing efficiencies and profitability.
CDC Software's product suite includes: CDC Factory (manufacturing
operations management), Ross ERP (enterprise resource planning) and SCM
(supply chain management), IMI (warehouse management and order
management), Pivotal CRM and Saratoga CRM (customer relationship
management), CDC MarketFirst (marketing automation and lead
management), Respond (customer complaint and feedback management), c360
CRM add-on products, industry solutions and development tools for the
Microsoft Dynamics CRM platform, Platinum HRM (human resources) and
business analytics solutions.
These industry-specific solutions are used by more than 6,000 customers
worldwide within the manufacturing, financial services, health care,
home building, real estate, and wholesale and retail distribution
industries. The company completes its offerings with a full continuum
of services that span the life cycle of technology and software
applications, including implementation, project consulting, outsourced
business services, application management and offshore development. CDC
Software is the enterprise software unit of CDC Corporation and is
ranked number 12 on the Manufacturing Business Technology 2007 Global
100 List of Enterprise and Supply Chain Management Application vendors.
For more information, please visit www.cdcsoftware.com
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APP Pharmaceuticals, Inc. (Nasdaq: APPX)
APP Pharmaceuticals, Inc. closed at $10.21 Thursday, trading 786,200
shares.
Company News- January 17, 2008: APP Pharmaceuticals Launches
Granisetron Hydrochloride Injection, USP
APP Pharmaceuticals, Inc. (Nasdaq: APPX), a leading manufacturer of
multi-source and branded injectable pharmaceutical products, announced
yesterday that it has launched Granisetron Hydrochloride Injection, 0.1
mg/mL, 1 mL single dose vials, the generic equivalent of
Hoffmann-LaRoche's Kytril Injection. APP's Granisetron is AP-rated,
preservative and latex-free, and bar-coded. According to IMS data,
branded sales of this dosage form of Granisetron are expected to be
approximately $3.3 million in 2007.
Granisetron Hydrochloride Injection is indicated for the prevention of
nausea and vomiting associated with initial and repeat courses of
emetogenic cancer therapy, including high dose cisplatin and radiation
cancer therapy. Granisetron Hydrochloride Injection is also indicated
for the prevention of postoperative nausea and/or vomiting.
About APP Pharmaceuticals APP is a specialty drug company that
develops, manufactures and markets injectable pharmaceutical products,
focusing on oncology, anti-infective and critical care markets. The
company is one of the largest producers of injectables, with more than
100 generic products in more than 400 dosage formulations. APP,
headquartered in Schaumburg, Illinois, has offices in Canada and
manufacturing operations in Illinois, New York and Puerto Rico and is
traded on the Nasdaq Global Market under the symbol APPX. For more
information about APP and the products it provides, please visit
www.APPpharma.com.
Kytril Injection is a registered trademark of Hoffman-LaRoche Inc.
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PAR Technology Corporation (NYSE: PTC) PAR Technology Corporation
closed at $6.47 Thursday, trading 64,500 shares.
Company News- January 17, 2008: PAR Technology Subsidiary Announces
$25.6 Million U.S. Navy Contract Award
Yesterday Rome Research Corporation (RRC), a subsidiary of PAR
Technology Corporation (NYSE: PTC), announced the awarding of a U.S.
Navy contract to operate and maintain communications facilities
supporting the United States Naval Computer & Telecommunications
Station Guam. Under the contract, RRC will provide around-the-clock
technical services in support of Naval Radio Telecommunications
Facility and U.S. Air Force Scope Command radio station in Barrigada,
Guam, and the Satellite Communications Facility and Technical Control
Facility in Finegayan, Guam. The contract, with all options, is valued
at $25.6 million, and the performance period is four years.
"We are pleased that the Navy has selected Rome Research to support its
critical command and control communications operations at Guam. Our
cost effective approach and extensive knowledge in performing these
services with highly experienced personnel were significant factors in
the award decision," commented Steve Lynch, President of PAR's
Government Operations. "We look forward to our continuing partnership
with the Navy in support of its on-going communications mission." U.S.
Naval Computer and Telecommunications Station Guam provides assured
command and control, fleet communications, computer and base
communication services (voice, data and video) to Navy, Joint, and
Allied forces.
ABOUT RRC Rome Research Corporation, headquartered in Rome, New York,
is a growing Information Technology and communication services company
that has provided support to the U.S. Department of Defense for over 30
years. The Company has over 600 employees in more than 25 offices
throughout the United States, the Pacific, Europe and the Caribbean.
Rome Research is considered a leading provider of communications I/T
support services to the United States Department of Defense. For more
information, visit www.romeresearch.com.
ABOUT PAR TECHNOLOGY PAR Technology Corporation is a leading provider
of professional services and enterprise business intelligence software
and hardware to the hospitality industry. PAR develops, markets and
supports hardware and software products that improve the ability of
hospitality business professionals to make timely, fact-based business
decisions. The Company is a premier provider of I/T management
solutions to hotel and restaurant companies, with over 45,000
installations worldwide in 105 countries. PAR is also a leader in
providing computer-based system design and engineering services to the
Department of Defense and Federal Government Agencies. PAR Technology
Corporation's stock is traded on the New York Stock Exchange under the
symbol PTC. For more information visit the Company's website at
www.partech.com.
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