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Nov 03, 2009 (M2 PRESSWIRE via COMTEX) --
STOCK MARKETING INC PRESENTS :
(OTCBB: GTWO - GEN2Media Corp.)
(NASDAQ: CSCO - Cisco Systems, Inc.)
(NASDAQ: BRCD - Brocade Communications Systems, Inc.)
(NASDAQ: IPGP - IPG Photonics Corp.)
(NASDAQ: EQIX - Equinix, Inc.)
(NASDAQ: SMTC - Semtech Corp.)
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(OTCBB: GTWO - GEN2Media Corp.)
LATEST NEWS!!
Gen2Media Provides Digital Video Technology for The Black Eyed Peas
Grammy Award Winning Artist Selects Gen2 Video Solutions for 5 City Tour With Legendary Rock Group U2
ORLANDO, Fla., Nov 3, 2009 -- Gen2Media Corp. (OTCBB:GTWO) announced today that it has been selected by Grammy award winning artist The Black Eyed Peas to provide digital video technology and solutions for their 5 city U.S. tour, where they will open for legendary rock group U2.
Gen2 CEO Mark Argenti stated, "We are pleased to be working with The Black Eyed Peas on the E.N.D tour, and we are excited to bring to their fans the kind of leading edge digital video technology that makes Gen2 special."
Gen2 solved the technological challenges of adapting the Peas' high energy video presentation and design to the U2 stage and setting. Said Ian McDaniel, Director of Production for Gen2, "Creating a seamless adaption of the existing Black Eyed Peas live video show to the U2 staging provided a unique set of technological challenges. Our creative and production team did a great job of making everything flow for the audience."
About Gen2Media Corporation
Gen2Media is a fully integrated technology, production and marketing company whose proprietary and patent-pending technology has earned the trust of a growing, globally diversified customer base, comprised of leading media companies, corporations, chart-topping artists, entertainment companies, advertising agencies and national brands such as Mary J. Blige, Britney Spears, Justin Timberlake, Microsoft Xbox LIVE, Coca-Cola Company, Toyota, Clear Channel, and others.
Gen2Media's video publishing technology enables businesses of all kinds and sizes to easily publish online video, and manage media content and advertising delivery. For more information, please visit www.gen2media.com.
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(NASDAQ: CSCO - Cisco Systems, Inc.)
LATEST NEWS!!
CISCO: Cisco Announces Agreement to Acquire DVN Set-Top Box Business
Acquisition Furthers Cisco's Vision of the Global Connected Home
Nov 03, 2009 -- SAN JOSE, Calif., SHANGHAI and HONG KONG -- Cisco (NASDAQ: CSCO) today announced a definitive agreement to acquire the set-top box business of DVN (Holdings) Limited, (SEHK: 0500). Listed in Hong Kong with major operations in China, DVN is a market and technology leader in digital cable solutions in China and shares Cisco's vision of a high-performance, scalable and services-rich cable interactive platform extending into every home.
Under the terms of the agreement, Cisco will pay up to $44.5 million for the set-top box business of DVN. Of this amount, approximately $17.5 million will be paid up front, with an additional maximum amount of $27 million to be paid over four years based on the achievement of specific sales milestones. The acquisition is expected to close in the first half of calendar year 2010 subject to standard closing conditions, DVN shareholder approval and regulatory approvals.
In addition to the acquisition, Cisco has entered into a go-to-market alliance with the remainder of the DVN organization -- which will continue to be led by current DVN CEO Terry Lui -- in order to utilize the company's middleware and advanced applications as well as integration and support services. The alliance will provide joint customers with unparalleled end-to-end capabilities through the evolution from basic digital broadcast to advanced interactive services.
"Cisco and DVN have similar cultures that emphasize video innovation and a shared vision to enable multi-media connected homes across China," said Ken Klaer, vice president and general manager, International Cable Business Unit at Cisco. "With this acquisition, we will offer customers the powerful combination of DVN's products with the Cisco IP Next-Generation Network (IP NGN) platform, and Cisco will be well positioned to engage in the largest digital transformation opportunity in the world today."
The Chinese cable market is currently the largest in the world with 160 million subscribers and is predicted to grow to as many as 200 million over the next three to five years. Currently, only about one-third of the market has converted to digital cable. With the Chinese government mandating full digitization by 2015, this represents an important long-term opportunity for Cisco.
"Cisco's global technology leadership and breadth of services combined with DVN's market-leading solutions and talented employee base will ensure that Chinese consumers continue to receive superior digital services today and are provided with world-class advanced technologies moving forward," said DVN CEO Terry Lui. "Cisco has demonstrated a strong commitment to the Chinese market, and I look forward to working with them as part of our ongoing alliance."
Between the signing of the agreement and the close of the acquisition, Cisco and DVN's set-top box businesses will continue to operate as separate companies. Upon completion of the transaction, the DVN set-top box business will become a part of the International Cable Business Unit within the Service Provider Video Technology Group (SPVTG) at Cisco led by Klaer. Under the terms of the agreement, the two companies expect to work together with the aim of providing uninterrupted service to set-top box customers and to prepare for an orderly transfer of the business.
The DVN business will run end-to-end from within China - from design, sourcing and logistics through to marketing, sales and service. This is an important milestone for Cisco, not only in China, but for a broader strategy toward competing in emerging markets with locally designed and produced solutions.
The investment is part of Cisco's ongoing long-term commitment to China and its belief in cultivating local innovation and talent. In April of this year Cisco introduced a "cultivated innovation" model aimed at boosting local innovation through capital, technology, process expertise, incubation resources and leadership investments.
About Cisco
Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com .
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(NASDAQ: BRCD - Brocade Communications Systems, Inc.)
LATEST NEWS!!
Brocade: Brocade Joins Forces with Oracle to Provide Multiple Solution Sets for Oracle Database and Application Suites
Comprehensive Networking Portfolio Supports Tight Connectivity and Interoperability with Oracle Products
Nov 03, 2009 -- Brocade (Nasdaq: BRCD), a member of the Oracle PartnerNetwork, today unveiled a broad set of technology solutions developed specifically for use with Oracle database and application suites to enable the efficient and reliable delivery of mission-critical business systems functions. Through extensive collaborative efforts with multiple leading technology partners, Brocade and Oracle have jointly defined and tested vendor-agnostic, multiprotocol technology solution sets designed to address the needs of small to medium businesses (SMBs) and midsize to large enterprises.
Recognising Brocade as a leading end-to-end networking vendor with a complete portfolio of products to support the rigorous connectivity requirements for Oracle applications and databases, Oracle worked extensively with Brocade to develop multiple solution sets for data warehousing, business applications, and virtualisation deployments that are now included in Oracle reference configurations. This announcement bolsters Brocade's strategy of becoming the network infrastructure provider of choice for major IT systems vendors, such as Oracle, whose business software systems support hundreds of thousands of enterprise customers worldwide.
"Oracle is the largest business software company and Brocade delivers one of the industry's broadest application delivery, Ethernet, and storage network portfolios," said Judson Althoff, senior vice president, Global Alliances and Channels at Oracle. "We work together to deliver solutions to our customers so that we can provide proven and tested configurations to allow customers to make decisions with confidence."
"The requirements of IT today are driving technology vendors to collaborate closely to drive innovation and deliver tightly coupled, best-in-class solutions to end users," said Zeus Kerravala, senior vice president, Yankee Group. "The collaboration between Brocade and Oracle as announced today exemplifies this trend, with these two technology leaders delivering highly reliable, heterogeneous networking-based business solutions that help their customers maximise their investments in both companies."
Since 2005, Brocade has been working with Oracle to connect applications within the data centre. With the expansion of the Brocade networking product portfolio to include a full range of IP networking equipment, Brocade has been able to increase its relevance in multiple Oracle environments and platforms, resulting in the development of a variety of solutions that span distributed IT infrastructures.
Databases and Data Warehousing
Brocade industry-leading storage area network (SAN) switches have been incorporated into multiple pre-tested Oracle design configurations to create high-performance, fully optimised database and data warehousing solutions:
-- Brocade 5300 switches and Brocade host bus adapters (HBAs) combined with EMC Symmetrix V-Max storage systems with enterprise flash drives that are designed to optimise Oracle OLTP throughput to meet the stringent performance demands of large enterprise customers.
-- Brocade 5100 switches and Brocade HBAs combined with EMC CLARiiON CX4 storage systems with enterprise flash drives that are designed to optimise Oracle OLTP throughput for midsized enterprises or departments. Moreover, Brocade 5100 and 5300 switches coupled with EMC CLARiiON CX4 and Symmetrix V-Max Storage systems deliver proven and scalable data warehouses.
Brocade 300, 5100, and 5300 SAN switches or Brocade DCX backbones paired with Sun Fire servers or Sun SPARC Enterprise servers and Sun Storage systems that are optimised for Oracle data warehouse workloads ranging from 6.04 TB to 205.44 TB.
Business Intelligence and Business Applications
The end-to-end portfolio of Brocade networking products helps optimise business intelligence solutions that fully scale to meet growing business requirements and reduce total cost of ownership (TCO). These solutions include:
The Brocade ServerIron Application Delivery Controller provides load balancing capabilities and combines with the Brocade FastIron LS for IP/Ethernet connectivity to form the Oracle reference architecture for optimised business intelligence application-to-disk using the Sun Storage 7410 Unified Storage System.
-- HP StorageWorks 8/24 SAN Switches (Brocade 300 switches) provide the necessary network connectivity component of the HP and Oracle Consulting Accelerate Solution for Industrial Manufacturing. Created and delivered by Oracle Consulting, the solution is built on HP BladeSystem servers and HP storage preloaded with the Oracle E-Business Suite Release 12. The Oracle Accelerate for Midsize Companies solution enables faster time-to-value with reduced IT risk for growing businesses. Virtualisation
The broad range of Brocade networking products supports Oracle VM server virtualisation software to deliver more efficient performance in the following ways:
-- Oracle Validated Configurations consisting of Oracle VM, Brocade 300 switches, Brocade 815/825 HBAs, and NetApp FAS3100 Series Storage enhance server application optimisation while increasing visibility within virtualised environments to reduce downtime.
-- As part of the recently announced Oracle VM Storage Connect program, Brocade products that are included are intended to greatly enhance the ease with which storage can be managed and provisioned in an Oracle VM environment.
These solutions are available today through Brocade and its technology alliance partners.
"Network connectivity is the driving force behind the efficient and secure delivery of business applications, especially in today's highly distributed IT environments," said Marc Randall, senior vice president of Products and Offerings at Brocade. "Being selected by Oracle, one of the world's largest software vendors, to deliver the critical network infrastructure components of these innovative solutions is validation of the value of our proven, high-performance portfolio of data centre offerings."
More Information
To learn more about Brocade joint technology solutions for Oracle, visit www.brocade.com/oracle
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(NASDAQ: IPGP - IPG Photonics Corp.)
LATEST NEWS!!
IPG Photonics Reports Top and Bottom Line Sequential Growth for Third Quarter of 2009
Sequential Growth in Pulsed Lasers Driven by Strength in Asia Generated $12m in Cash from Operations less Capex
OXFORD, Mass., Nov 03, 2009 -- IPG Photonics Corporation (Nasdaq: IPGP) today reported financial results for the third quarter of 2009 ended
September 30, 2009.
Three Months Ended Nine Months Ended
September 30, September 30,
(In millions, except per share data) 2009 2008 % Change 2009 2008 % Change
Revenue $ 45.8 $ 62.0 -26 % $ 131.6 $ 170.9 -23 %
Gross margin 36.5 % 47.4 % 33.7 % 47.3 %
Operating income $ 3.6 $ 17.1 -79 % $ 4.4 $ 42.4 -90 %
Operating margin 8.0 % 27.6 % 3.3 % 24.8 %
Net income attributable to IPG Photonics Corporation $ 2.3 $ 10.9 -79 % $ 2.3 $ 27.6 -92 %
Earnings per diluted share $ 0.05 $ 0.23 -78 % $ 0.05 $ 0.60 -92 %
Comments on the Third Quarter
"Despite the challenging economic environment, we surpassed our guidance on the top- and bottom-line in addition to recording a third-quarter profit of five cents, after reporting a loss in the second quarter," said Dr. Valentin Gapontsev, IPG Photonics' Chief Executive Officer.
"Although the demand environment continues to be very difficult compared with the third quarter a year ago, revenues grew by more than 13 percent on a sequential basis. Year-over-year, sales for the third quarter were down 26 percent. We were particularly encouraged with the 63 percent sequential increase in pulsed laser sales, which offset soft demand for high power lasers primarily due to continued restructuring in the auto sector."
"Asian markets, especially China, performed well during the quarter and were responsible for driving our sequential revenue growth," said Gapontsev. "In Europe, Germany continued to be weak, but that was partially offset by increasing demand for cutting applications in southern Europe. Materials processing, our largest market, continues to be affected by recessionary conditions, but still posted 17 percent growth on a sequential basis due to increasing demand in China. The advanced applications market turned in solid growth in the third quarter on a sequential and year-over-year basis. Sales for medical applications continued to increase on a year-over-year basis, while telecom growth slowed in the third quarter due to spending delays in the U.S. and Russia."
"During the quarter, we generated $13.9 million in cash from operations, repaid $16.2 million in bank debt and ended the quarter with $76.3 million in cash and cash equivalents, an increase of $25.0 million from year-end 2008," said Gapontsev. "We also reduced capital expenditures to $1.9 million in the quarter, and $9.6 million year-to-date." For the nine months ended September 30, 2009, cash provided by operating activities was $37.7 million and cash used in investing activities totaled $9.5 million.
While gross margin was 36.5% in the third quarter of 2009 compared with 47.4% in the same quarter in 2008, it increased sequentially by 7.4 percentage points from the second quarter of 2009. Operating income was $3.6 million in the third quarter of 2009 compared with operating income of $17.1 million for the same period in 2008. Operating expenses, including foreign exchange gains and losses, for the third quarter of 2009 were $13.1 million, or 28.5% of revenue, compared with $12.3 million, or 19.9% of revenue, in the third quarter of 2008.
For the first nine months of 2009, gross margin was 33.7% compared with 47.3% in 2008. Operating income was $4.4 million in the first nine months of 2009 compared with $42.4 million for the first nine months of 2008. Operating expenses, including foreign exchange gains and losses, for the first nine months of 2009 were $40.0 million, or 30.4% of revenue, compared with $38.4 million, or 22.5% of revenue, in the same period of 2008.
IPG also announced that it is planning to file a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission to register up to $130 million in securities, including $30 million in secondary shares. IPG anticipates that the registration statement would be filed within the next ten days. While the Company has no immediate plans to raise capital under the shelf registration statement, it provides IPG with the financial flexibility to do so at the appropriate time.
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(NASDAQ: EQIX - Equinix, Inc.)
LATEST NEWS!!
Equinix Announces Initial Carriers Participating in Ethernet Exchange Development Program
AboveNet, Exponential-e, Hibernia Atlantic, Level 3, PCCW Global, Reliance Globalcom and Tinet Are Early Participants in First Carrier-Neutral Ethernet Exchange
NEW YORK, Nov 03, 2009 -- The Light Reading Ethernet Expo Americas 2009 Conference -- Equinix, Inc. (Nasdaq:EQIX), a provider of global data center services, today announced AboveNet, Exponential-e, Hibernia Atlantic, Level 3, PCCW Global, Reliance Globalcom and Tinet, among others, as initial participants in the recently announced Equinix Carrier Ethernet Exchange platform, a development program to define enhanced solutions for the exchange of data traffic between carriers providing Ethernet services.
The Equinix Carrier Ethernet Exchange development program consists of a platform for multi-provider carrier Ethernet interconnection that meets Metro Ethernet Forum standards. The program is reviewing a variety of solutions including Ethernet Network to Network Interconnection (NNI) and additional services that leverage the density and breadth of networks operating within Equinix's centers. The platform is available at Equinix International Business Exchange(TM) (IBX(R)) data centers globally using Alcatel-Lucent's service routing portfolio.
"Demand for AboveNet's Ethernet services continues to grow," said Philip Olivero, vice president of Engineering for AboveNet. "The current process for extending our Ethernet service offering outside of our service area requires the establishment of multiple, complex interconnection relationships with other carriers. A multi-carrier Ethernet exchange platform would simplify interconnection, reduce costs and speed delivery of Ethernet services to off-net customer locations."
"As a leading international provider of fiber-based communications services, Level 3 is helping our customers keep pace with the demands of an increasingly networked world. Our customers are turning to Ethernet to support applications like server virtualization, cloud computing, and data center consolidation," said Russell Shriver, Level3's vice president of Internet and Data Services. "Today, business is dispersed all over the world, and it's technically challenging, time-consuming and costly for enterprises to pull together end-to-end Ethernet services. By working with Equinix, Level 3 will expand its ability to provide a seamless, high-performance Ethernet offering."
"Ethernet is gaining greater acceptance as a transport and transit technology as more and more global enterprise customers and content service providers rely on its speed, cost and performance advantages," said Dr. Kamran Sistanizadeh, chief technology officer, Reliance Globalcom.
"Equinix is in a unique position to provide an exchange platform that will enable Reliance Globalcom to easily execute interconnection relationships with other Ethernet carriers outside of our current service area in order to capitalize on the new customer demands for regional, national and global Ethernet services."
About Equinix
Equinix, Inc. (Nasdaq: EQIX) provides global data center services that ensure the vitality of the information-driven world. Global enterprises, content and financial companies, and network service providers rely upon Equinix's insight and expertise to protect and connect their most valued information assets. Equinix operates 45 International Business Exchange(TM) (IBX(R)) data centers across 18 markets in North America, Europe and Asia-Pacific.
Important information about Equinix is routinely posted on the investor relations page of its website located at www.equinix.com/investors. We encourage you to check Equinix's website regularly for the most up-to-date information.
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(NASDAQ: SMTC - Semtech Corp.)
LATEST NEWS!!
Semtech Debuts Touchscreen Controller Platform with Lowest Power, Smallest Footprint and ?15kV ESD Protection
SX8650 Designed for Resistive Touchscreens on Portable Devices; Offers Class-Leading ESD Protection and Extremely Low Power Consumption
CAMARILLO, Calif., Nov 03, 2009 -- Semtech Corp. (Nasdaq: SMTC), a leading supplier of analog and mixed-signal semiconductors, today announced the SX8650, an ultra-low power 4-wire resistive touchscreen controller with enhanced ?15kV electrostatic discharge (ESD) protection.
The SX8650 is the first in a new platform of touchscreen controllers and is optimized for power (23uA), size (1.46mm x 1.96mm), and ESD protection. These features make it the most application-specific resistive touchscreen controller on the market for such applications as mobile phones, digital still cameras, MP3 players, PDAs, personal navigation devices, and handheld gaming devices.
The SX8650 supports the 400 kHz fast-mode IC serial bus data protocol and has an operating voltage from 1.65V to 3.7V. It features a highly accurate 12-bit analog-to-digital converter for coordinates and touch pressure measurement, and is able to achieve an equivalent throughput output rate of 50 kSPS. With current consumption as little as 23uA at 8 kSPS and the ability to enter low power states automatically between conversions, this controller is the ideal choice for portable and battery powered 4-wire resistive touchscreen devices. The SX8650 is a complete touchscreen solution incorporating a dedicated hardware / RESET pin, a built-in preprocessing algorithm for data averaging that greatly reduces bus loading and further minimizes the overall system power budget, as well as on-chip programmable settling time capability to optimize the throughput rates for a vast variety of touch panel designs.
"The SX8650 addresses the field returns issue prevalent in touchscreen applications due to destructive ESD events. Each analog input was specifically designed to enable robust ESD protection up to ?15kV in both human body model (HBM) and IEC 61000-4-2 standards, thus eliminating the need for external transient voltage suppression devices while minimizing cost and board space," said Sam Massih, Product Line Manager, Consumer Analog Products for Semtech. "Coupled with the extremely low operating current and tiny footprint, this makes Semtech's SX8650 the premier solution for today's portable touch-sensing devices."
The SX8650 is available in both a 3mm x 3mm 12-DFN and 1.46mm x 1.96mm 12-WLCSP space-saving packages and is guaranteed to operate over the extended (-40degC to +85degC) temperature range.
Key Features of the SX8650
-- Best-in-class on-chip ESD protection:
-- ?15kV HBM (X+, X-, Y+, Y-)
-- ?2kV CDM
-- ?25kV air gap discharge
-- ?15kV contact discharge
-- ?300V MM
-- Extremely low power consumption:
-- 23uA @ 1.8V (8 kSPS)
-- 70uA @ 1.8V (35 kSPS)
-- Ultra small footprint solution: 3mm x 3mm 12-DFN and 1.46mm x 1.96mm 12-WLCSP
-- Integrated preprocessing block (median and averaging filter)
-- Fully programmable settling time
-- Equivalent throughput up to 50 kSPS
-- High precision 12-bit resolution
-- Touch pressure measurement
-- Single 1.65V to 3.7V supply and reference
-- Dedicated hardware reset pin
-- 400 kHz fast-mode IC interface
Pricing and Availability
The SX8650 (order codes: SX8650IWLTRT, SX8650ICSTRT) is available in production quantities and is priced at $0.76 for DFN packages and $0.78 for WLCSP packages in 3,000-piece lots. Semtech offers comprehensive design assistance, including field- and factory-based support. Data sheets, volume pricing, and delivery quotes, as well as evaluation kits and samples, are available by contacting info@semtech.com.
About Semtech
Semtech Corporation is a leading supplier of analog and mixed-signal semiconductors for high-end consumer, computing, communications and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The company is dedicated to reducing the impact it, and its products, have on environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the NASDAQ Global
Select Market under the symbol SMTC. For more information, visit its http://www.semtech.com.
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