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InvestSource, Inc.: China 3C Group Partners With Hangzhou Hansi Brand
Design Ltd
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:22072008
Stocks in the News: China 3C Group (OTCBB: CHCG), Panasonic (NYSE: MC),
Harris Corporation (NYSE: HRS), Comtech Telecommunications Corp.
(NASDAQ: CMTL)
Jul 21, 2008 -- China 3C Group (OTCBB: CHCG), a leading retailer and
distributor of consumer and business products in China, announced that
the Company has signed a strategic agreement with Hangzhou Hansi Brand
Design Ltd., a well-known advertising agency based in Eastern China, to
put its Hangzhou Hansi's clients brand advertising in China 3C's chain
stores. The arrangement began on July 15, 2008, following a trial
period that launched during the second quarter of this year. The
advertising will allow Hangzhou Hansi's advertising clients to display
information about their brands at China 3C store locations. Current
customers of China 3C such as manufacturers of mobile phones, fax
machines and home electronic equipment are the types of companies that
are expected to advertise through China 3C's locations. As part of this
program, Hangzhou Hansi's clients will have the opportunity to
advertise on China 3C's customer packaging bags, promotional posters,
direct mailers as well as on TV panels. China 3C will profit from the
advertising revenue brought in by the arrangement. Mr. Wang Zhenggang,
CEO of China 3C Group commented, ''We are very happy to form a
strategic alliance with Hangzhou Hansi. This agreement represents our
interest in enriching the shopping experience for our retail customers,
increasing the visibility of our consumer electronic brands and
generating additional revenue opportunities for our business.'' Mr. Shi
Haiwen, CEO of Hangzhou Hansi Brand Design Ltd. said, ''We are pleased
to be entering into this agreement with China 3C. Our cooperation with
China 3C can greatly improve the efficiency and effectiveness of our
advertising campaigns with our select group of consumer electronic
customers. China 3C has a significant number of ''store-in-store"
locations that can provide our customers access to a large pool of
consumers in which to target.''
Jul 21, 2008 -- Panasonic (NYSE: MC) today introduced the LUMIX DMC-LX3
digital camera, the successor to the highly regarded and popular
DMC-LX2. Designed for easy, creative shooting, and high-performance in
low-light conditions, the DMC-LX3 features a F2.0 24mm LEICA DC
VARIO-SUMMICRON lens, 10.1 megapixels and an ultra-sensitive
1/1.63-inch CCD developed specifically for this model. By combining a
high-quality lens and sensor ready for a variety of shooting conditions
with a wide range of accessories and manual controls, the DMC-LX3 is
ideal for professional photographers and serious amateurs looking for a
compact digital camera that furthers their creative photography. At the
heart of the DMC-LX3, is its 1/1.63-inch CCD. Making the intentional
choice to limit the number of megapixels to 10.1 on its CCD, Panasonic
was able to give more space for each pixel and also redesigned the
peripheral circuits and other components to further minimize noise
generation. As a result, sensitivity is almost 40 percent higher and
saturation is increased by 35 percent, when compared to Panasonic's 10
MP digital cameras*, giving the DMC-LX3 outstanding image quality and a
wide dynamic range, and meeting the demand for a camera that works
optimally in low-light environments. The CCD is also capable of
reproducing images in three aspect ratios -- 4:3, 3:2 or 16:9. The new
Multi Aspect mode allows the camera to take an image in all three
aspect ratios simultaneously, allowing users to choose the version that
best suits their needs. "With the strong response towards the DMC-LX2,
Panasonic has taken its technology a step further by upgrading several
key components that we think will make the LX3 another win," said David
Briganti, National Marketing Manager, Imaging, Panasonic Consumer
Electronics Company. "With the enhanced CCD and extensive manual and
automatic functions, the DMC-LX3 is ideal for photographers looking for
a full-featured compact digital camera with some DSLR-like
characteristics and a wide range of optional accessories."
Jul 21, 2008 -- Harris Corporation (NYSE: HRS), an international
communications and information technology company, has received an
order from Special Broadcasting Service (SBS), Australia's
multicultural and multilingual public broadcaster, to supply a fully
integrated broadcast solution for the comprehensive rebuild of SBS
Australia's playout facility in Sydney. "The Harris ONE approach of
integrating its products along the workflow chain was a key factor in
our decision and will be a key element in the successful rebuild of our
playout facility," said Shaun Brown, managing director, SBS Australia.
"Harris has taken many steps to show its strong commitment to
broadcasters in Australia -- from the staffing of local service and
support personnel to its investment in research and development to meet
local market requirements. These factors make us very comfortable in
placing our trust in Harris for this important upgrade project." The
SBS playout facility will illustrate a real-world Harris ONE(TM)
installation, comprising integrated products from its H-Class(TM)
software suite and broadcast infrastructure and server product lines.
Harris D-Series(TM) playout automation will be combined with the
company's Invenio digital asset management and content workflow
management to manage ingest, preparation and playout using many of the
products from across the integrated Harris portfolio, including NEXIO
AMP(TM) servers and a Harris /Isilon systems clustered storage
solution. "The Harris portfolio offers unparalleled interoperability
and cost efficiencies that enable broadcasters to leverage their
content like never before," said Tim Thorsteinson, president of Harris
Broadcast Communications. "Through our ONE approach, we are committed
to making it easier for broadcasters, such as SBS, to upgrade their
facilities, get to air quickly and create new revenue streams, enabling
them to remain competitive."
Jul 21, 2008 -- Comtech Telecommunications Corp. (NASDAQ: CMTL)
announced today that its Tempe, Arizona-based subsidiary, Comtech EF
Data Corp., acquired the network backhaul assets and the NetPerformer
and AccessGate product lines of Verso Technologies for approximately
$3.9 million. The acquired assets and product lines cater to
enterprises and mobile carriers, and will be merged with Comtech EF
Data's subsidiary, Memotec, Inc. The NetPerformer products combine the
functionality of a voice gateway and data routers, enabling enterprises
to create digitally converged networks. NetPerformer's voice and data
compression over a single wide area network enable users to bypass the
PSTN on calls between locations, eliminating toll costs.
AccessGate is a family of radio access network (RAN) optimization
systems that reduce operating costs and enable the rapid expansion and
migration of mobile wireless networks. AccessGate employs a unique,
patented set of aggregation and bandwidth optimization techniques that
enable operators to maximize network utilization, resulting in a
significant reduction in recurring leased line, microwave and VSAT
satellite backhaul expenses. The acquisition includes a solid set of
intellectual property rights and technology assets that will expand on
Memotec's current CX, CX-U and CX-UA product offerings for enterprise,
satellite and terrestrial backhaul markets. Fred Kornberg, President
and Chief Executive Officer of Comtech Telecommunications Corp.,
commented, ''The acquisition allows us to provide a broader range of
solutions that reduce network operating expenses in two areas: voice
and data routers serving governments and enterprises, such as ministry
of foreign affairs, air traffic control and oil and gas companies, and
mobile backhaul focused on terrestrial leased line and microwave-based
radio access networks.''
Market Wrap for July 21, 2008
The stock market posted a slight loss near the unchanged mark on
Monday. A rise in oil prices and a steep drop in shares of two major
pharmaceutical companies overshadowed a better-than-expected earnings
report from one of the world's largest financial firms. Bank of America
(BAC 28.52, +1.03) reported a 43% drop in earnings per share to $0.72.
However, the result easily topped Wall Street's forecast of $0.53 per
share, due to a lower-than-expected write-down of $1.2 billion. BofA's
CEO plans to recommend that the board leave the quarterly dividend at
$0.64 per share (9.0% annual yield at current levels). The financial
sector climbed 2.8% shortly after the opening bell, but settled with a
loss of 0.9% following some profit-taking efforts after last week's
11.4% surge. In corporate news, pharmaceutical companies Merck (MRK
35.39, -2.29) and Schering-Plough (SGP 18.99, -2.45) tumbled 6.1% and
11% respectively, due to continued concerns over the cholesterol drug
Vytorin. The companies delayed their earnings reports until after the
market close to discuss a report that said Vytorin does not lower the
risk of major heart valve problems. European pharmaceutical company
Roche Holdings offered to acquire the remainder of Genentech (DNA
93.69, +11.87) for $43.7 billion, or $89 per share in cash. Roche
already owns a 56% stake in Genentech. Shares of DNA are trading higher
than the offer price on speculation that Roche will have to raise its
bid. Yahoo! (YHOO 21.68, -0.77) and activist investor Carl Icahn have
reached an agreement regarding their pending proxy contest. Under the
deal, Icahn will be appointed to the board, and two more seats will be
filled from a list of nine candidates recommended by Icahn. In turn,
Icahn will withdraw his nominees for vote at the annual meeting. Three
of the ten sectors posted a gain. Energy stocks (+2.9%) led the way as
crude prices climbed 2.1% to $131.56. The advance in oil prices came as
a tropical storm entered the Gulf of Mexico. Consumer discretionary
(-1.3%), health care (-1.2%), and financials (-0.9%) were the main
laggards. On the economic front, June leading indicators fell 0.1%,
which is in-line with expectations. For the most part, the report is a
collection of previously announced economic indicators, and as a result
it had a limited impact on the stock market.
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all material herein based upon information believed to be reliable. The
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