Companies news of 2010-11-01 (page 1)

  • Vonage Releases Improved Vonage Mobile Application for Facebook
  • Webtradex International Corp. announces resignation of its COO
  • Global Crossing Announces Third Quarter 2010 Results- Consolidated revenue of $648...
  • Metallica to Headline Call of Duty(R): Black Ops Launch EventLaunch Event to Raise Funds...
  • American Pacific Rim Issues Earnings Guidance
  • SuccessFactors Chief Information Officer to Participate in Goldman Sachs Techtonics...
  • Sanmina-SCI Announces Fourth Quarter and Fiscal Year End Results
  • Extreme Networks Reports Q1 Revenue on the High Side of GuidanceStrength in Europe and...
  • LeapFrog Reports Third Quarter 2010 Net Sales Up 23%, Net Income More Than...
  • New Holiday Airfare Report: 2010 Is The 2nd Most Expensive Year For Thanksgiving &...
  • Concurrent Reports Fiscal 2011 First Quarter Results
  • Savvis Executives to Present at Major Investor Conferences in November
  • Savvis Executives to Present at Major Investor Conferences in November
  • AT&T Announces New Service Center for Arabic-Speakers in the Midwest
  • Lockheed Martin Delivers 2010 Census Data on Schedule and Under BudgetData from more than...
  • HSA Bank Completes Additional Employer Portal Enhancements
  • IBM Launches Federal Community Cloud for Government OrganizationsPrivate Multi-tenant...
  • Morningstar, Inc. Completes Acquisition of Annuity Intelligence Business of Advanced Sales...
  • Verizon Partners With Island Harvest to Feed People Who Are Hungry Across Long Island2010...
  • Lyris Ranked Among Fastest Growing Companies in North America on Deloitte's 2010...
  • Webcast Alert: Lojas Americanas S/A Announces the Third Quarter 2010 Results Webcast
  • IBM Helps Local Governments Provide Services More Efficiently and TransparentlyNew York...
  • Medical Cannabis Management Positioned for Explosive Growth
  • Bank of Ireland and IBM Sign Five-Year Agreement for IT Infrastructure Services
  • EmFinders Terminates Contract with Project Lifesaver International and Files Breach of...
  • Global Telecom Company, Tellabs, Expands With New Research Lab in Melbourne, AustraliaBy...
  • Pratt & Whitney Receives GreenCircle Award for Positive Contributions to Connecticut's...
  • BI Networks(TM) Expands Coverage With New SitesBroadcast International secures more than...
  • Enterprise 2.0 Conference Santa Clara Previews Big AnnouncementsExhibitors Choose Leading...



    Vonage Releases Improved Vonage Mobile Application for Facebook

    HOLMDEL, N.J., Nov. 1, 2010 /PRNewswire/ -- Today Vonage launched its improved Vonage Mobile application for Facebook for iPhone, iPod touch and compatible Android devices.

    This upgrade provides Apple users a better experience with faster application load time and the ability to multitask utilizing IOS4. On Android devices running OS 2.2 and above, the upgrade offers improved battery life while the application is running. The latest version of the application can be downloaded from the Android Market in 48 countries and from the iTunes Store in 87 countries.

    The Vonage Mobile application for Facebook allows users to make free mobile calls to all of their Facebook friends who have the app anywhere in the world, directly from their friends list with a single touch. Users who don't have an unlimited data plan should check with their carrier to see if any charges apply.

    This upgrade reinforces Vonage's commitment to be the leader in affordable communication services that connect individuals and social networks through broadband devices, worldwide.

    To become a fan on Facebook, go to www.facebook.com/vonage. To follow Vonage on Twitter, please visit www.twitter.com/vonage.

    About Vonage

    Vonage is a leading provider of affordable communications services enabling individuals and social networks to connect through broadband devices worldwide. Our award winning technology serves approximately 2.4 million subscribers. We provide feature-rich communication solutions that offer flexibility, portability and ease-of-use.

    Our Vonage World plan offers unlimited calling to landline phones in all cities and locations in more than 60 countries with popular features like call waiting, call forwarding and voicemail -- for one low, flat monthly rate.

    Vonage's service is sold on the web and through regional and national retailers including Wal-Mart Stores Inc. and is available to customers in the U.S., Canada and the United Kingdom. For more information about Vonage's products and services, please visit http://www.vonage.com.

    Vonage Holdings Corp. is headquartered in Holmdel, New Jersey. Vonage(R) is a registered trademark of Vonage Marketing Inc., a subsidiary of Vonage Holdings Corp.

    Vonage

    CONTACT: Ryan Wallace of Bite Communications, +1-212-857-9375, for Vonage

    Web site: http://www.vonage.com/




    Webtradex International Corp. announces resignation of its COO

    WEST PALM BEACH, FL, Nov. 1 /PRNewswire-FirstCall/ - Webtradex International Corp. ("The Company") announces that Mr. Randy Berger has resigned as chief operating officer of the Company effective immediately to pursue other interests.

    Kam Shah, the CEO comments, "On behalf of the Board and the Company we want to thank Mr. Berger for his services and contribution to the Company and wish him the very best."

    ABOUT THE COMPANY

    Webtradex International Corporation is seeking to expand into the internet industry by acquiring internet-related technologies and other related assets.

    This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    Forward-Looking Statements

    This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a results of new information, future events or otherwise, except as required by law.

    .

    Webtradex International Corp.

    CONTACT:

    regarding this press release, investment opportunities, or
    other questions, please contact the Company at 1-888-884-9521




    Global Crossing Announces Third Quarter 2010 Results- Consolidated revenue of $648 million, a sequential increase of 3 percent as reported and 2 percent in constant currency terms- 'Invest and grow' revenue of $568 million, a sequential increase of 2 percent as reported and in constant currency terms- OIBDA of $109 million, a sequential increase of 17 percent as reported and 16 percent in constant currency terms- Free Cash Flow use of $1 million, an improvement of $12 million sequentially

    FLORHAM PARK, N.J., Nov. 1, 2010 /PRNewswire-FirstCall/ -- Global Crossing , a leading global IP solutions provider, today announced unaudited third quarter 2010 results. The company said it will discuss its consolidated financial and operational results for the third quarter 2010 on a conference call tomorrow.

    "We reported further improvement in our financial results in the third quarter as enterprises around the world continue to migrate to advanced IP and data center solutions," said John Legere, chief executive officer of Global Crossing. "At the mid-point of our current forecast, we expect full-year 2010 'invest and grow' revenue and OIBDA to reflect annual increases of approximately 6 percent and 19 percent, respectively."

    In addition to reporting third quarter 2010 results, earlier today Global Crossing announced that it has acquired global video services provider Genesis Networks, an innovator in high-performance, rich-media and video-based applications serving the world's major broadcasters, producers and aggregators of specialized programming. Global Crossing paid aggregate consideration of approximately $27 million, including $15 million in connection with the repayment of existing debt.

    Results at a Glance

    (Dollars in Change vs. 2Q Change vs. 3Q Millions) 2010 2009 -------------- -------------- 3Q 2010 Reported Constant Reported Constant ------- -------- Currency -------- Currency -------- -------- Consolidated Revenues $648 3% 2% 1% 2% "Invest & Grow" Revenues $568 2% 2% 3% 4% OIBDA $109 17% 16% 20% 19% Free Cash Flow $(1) $12 $(53)

    The company's OIBDA, Free Cash Flow and constant currency measures are non-GAAP measures. See "Non-GAAP Metrics," below, and the reconciliations of OIBDA and Free Cash Flow to the most directly comparable GAAP measures included in the attached financial tables.

    Third Quarter Results

    Global Crossing's consolidated revenue was $648 million in the third quarter of 2010, an increase of 3 percent sequentially and an increase of 1 percent year over year. The sequential comparison included a $3 million favorable foreign exchange impact and the year-over-year increase included an $8 million unfavorable foreign exchange impact. In constant currency terms, consolidated revenue increased 2 percent sequentially and 2 percent year over year.

    The company's "invest and grow" services generated revenue of $568 million in the third quarter, an increase of 2 percent sequentially and 3 percent year over year, including substantially all of the foreign exchange impacts referenced above. In constant currency terms, "invest and grow" revenue increased 2 percent sequentially and 4 percent year over year.

    On a segment basis, Rest of World (ROW), GC Impsat and GCUK generated "invest and grow" revenue of $317 million, $145 million, and $112 million, respectively. In constant currency terms, ROW increased 1 percent sequentially and 3 percent year over year, GC Impsat increased 7 percent sequentially and 12 percent year over year, and GCUK declined 4 percent sequentially but increased 3 percent year over year.

    The company's wholesale voice business generated revenue of $79 million in the third quarter, a 7 percent increase sequentially and an 11 percent decrease year over year.

    Global Crossing reported gross margin for the third quarter of $208 million, compared with $199 million in the second quarter of 2010 and $200 million in the third quarter of 2009. Foreign currency did not materially impact gross margin sequentially or year over year. The sequential improvement in gross margin was driven by revenue growth and a reduction in accrued incentive compensation, partially offset by an increase in access costs. The year-over-year increase was primarily due to revenue growth and improved sales mix, partially offset by a benefit in the prior year period from a customer contract buyout.

    SG&A expenses were $99 million in the third quarter of 2010, compared with $106 million in the second quarter of 2010 and $109 million in the third quarter of 2009. Foreign currency did not materially impact SG&A sequentially or year over year. The sequential decrease was principally due to reductions in accrued incentive compensation and non-income tax expense, partly offset by higher restructuring costs. The year-over-year decrease was principally due to lower non-income tax expense, a decrease in bad debt expense and lower accrued incentive compensation.

    Global Crossing reported $109 million of OIBDA in the third quarter, compared with $93 million in the second quarter of 2010 and $91 million in the third quarter of 2009. On a segment basis, ROW, GC Impsat and GCUK contributed $38 million, $49 million and $22 million, respectively.

    Global Crossing's consolidated net loss applicable to common shareholders was $7 million for the third quarter of 2010. On a sequential basis, net loss decreased $41 million, principally due to favorable foreign exchange impacts and higher OIBDA. On a year-over-year basis, net loss decreased $67 million, principally due to favorable foreign exchange impacts, higher OIBDA and a loss on extinguishment of debt in the year-ago period.

    Cash and Liquidity

    As of September 30, 2010, Global Crossing had $311 million of unrestricted cash, compared with $328 million at June 30, 2010 and $429 million at September 30, 2009. Including $19 million of restricted cash, Global Crossing had total cash of $330 million at September 30, 2010.

    Cash from operating activities for the third quarter was $29 million. Global Crossing received $31 million in proceeds from the sale of IRUs and prepaid services in the third quarter. Uses of cash for the quarter included $48 million of cash interest payments and $43 million for capital expenditures and principal payments on capital leases.

    The company reported Free Cash Flow of negative $1 million in the quarter, compared with negative $13 million in the prior quarter and $52 million in the year-ago period. The sequential improvement was primarily driven by improved OIBDA, lower capital expenditures and higher IRU receipts, partly offset by higher cash interest in the quarter. Year over year, the decrease was principally driven by an increase in cash interest and use of cash for working capital, partially offset by improved OIBDA.

    2010 Guidance

    The company's 2010 guidance, which was originally provided on February 16, 2010 and assumed foreign exchange rates as of February 15, 2010, is as set forth in the table below. The company now expects to realize annual "invest and grow" revenue at or slightly below the original guidance range, based in part on lowered revenue expectations for GCUK and a stronger than anticipated seasonality impact on our usage-driven North America conferencing services. Management is narrowing the range for expected annual OIBDA performance, continuing to project OIBDA performance within the original guidance range. The updated annual guidance, including Free Cash Flow, is as follows:

    Metric Original Updated 2010 2010 ($ in millions) Guidance Guidance --------------- -------- -------- "Invest & Grow" Revenue $2,300 - $2,375 $2,275 - $2,300 --------------- --------------- --------------- OIBDA $390 - $440 $400 - $415 ----- ----------- ----------- Free Cash Flow $10 - $60 ($10) - $10 -------------- --------- -----------

    These forecasts are based on various assumptions which may or may not materialize. Some of the risks and uncertainties that could cause actual results to differ materially from these estimates are referenced at the end of this press release.

    Non-GAAP Metrics

    Pursuant to the Securities and Exchange Commission's (SEC's) Regulation G and Item 10(e)(1)(i) of Regulation S-X, the attached financial tables include definitions of non-GAAP financial measures, as well as reconciliations of such measures to the most directly comparable financial measures calculated and presented in accordance with U.S. Generally Accepted Accounting Principles (U.S. GAAP). In addition, measures referred to in this press release as being calculated "in constant currency terms" are non-GAAP measures intended to present the relevant information assuming a constant exchange rate between the two periods being compared. Such measures are calculated by applying the currency exchange rates used in the preparation of the prior period financial results to the subsequent period results.

    Conference Call

    The company will hold a conference call on Tuesday, November 2, 2010 at 9:00 a.m. EDT to discuss its financial results. The call may be accessed by dialing +1 212 231 2915 or, if calling from within the United Kingdom, by dialing +44 203 300 0094. Callers are advised to access the call 15 minutes before the start time. A Webcast with presentation slides will be available at http://investors.globalcrossing.com/events.cfm.

    A replay of the call will be available on November 2, 2010 beginning at 11:30 a.m. EDT and will be accessible until Tuesday, November 9, 2010 at 11:30 a.m. EST. To access the replay, North American callers may dial +1 402 977 9140 or +1 800 633 8284 and enter reservation number 21485465. Callers in the United Kingdom may dial +44 870 000 3081 or +1 800 692 0831 and enter reservation number 21485465.

    ABOUT GLOBAL CROSSING

    Global Crossing is a leading global IP and Ethernet solutions provider with the world's first integrated global IP-based network. The company offers a full range of data, voice and collaboration services with an industry leading customer experience and delivers service to approximately 40 percent of the Fortune 500, as well as to 700 carriers, mobile operators and ISPs. It delivers converged IP services to more than 700 cities in more than 70 countries around the world.

    Website Access to Company Information

    Global Crossing maintains a corporate website at www.globalcrossing.com, and you can find additional information about the company through the Investors pages on that website at http://investors.globalcrossing.com. Global Crossing utilizes its website as a channel of distribution of important information about the company. Global Crossing routinely posts financial and other important information regarding the company and its business, financial condition and operations on the Investors web pages.

    Visitors to the Investors web pages can view and print copies of Global Crossing's SEC filings, including periodic and current reports on Forms 10-K, 10-Q and 8-K, as soon as reasonably practicable after those filings are made with the SEC. Copies of the charters for each of the standing committees of Global Crossing's Board of Directors, its Corporate Governance Guidelines, Ethics Policy, press releases and analysts presentations are all available through the Investors web pages.

    Please note that the information contained on any of Global Crossing's websites is not incorporated by reference in, or considered to be a part of, any document unless expressly incorporated by reference therein.

    This press release contains statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties that could cause the actual results to differ materially, including: Global Crossing's history of substantial operating losses and the fact that, in the near term, funds from operations will not satisfy cash requirements; the availability of future borrowings in an amount sufficient to pay our indebtedness and to fund our other liquidity needs; legal and contractual restrictions on the inter-company transfer of funds by the company's subsidiaries; the company's ability to continue to connect its network to incumbent carriers' networks or maintain Internet peering arrangements on favorable terms; the consequences of any inadvertent violation of the company's Network Security Agreement with the U.S. Government; increased competition and pricing pressures resulting from technology advances and regulatory changes; competitive disadvantages relative to competitors with superior resources; political, legal and other risks due to the company's substantial international operations; risks associated with movements in foreign currency exchange rates; risks related to restrictions on the conversion of the Venezuelan bolivar into U.S. dollars and to the resultant buildup of a material excess bolivar cash balance, which is carried on Global Crossing's books at the official exchange rate, attributing to the bolivar a value that is significantly greater than the value that would prevail on an open market; potential weaknesses in internal controls of acquired businesses, and difficulties in integrating internal controls of those businesses with the company's own internal controls; the concentration of revenue in a limited number of customers, and the rights of such customers to terminate their contracts or to simply cease purchasing services thereunder; exposure to contingent liabilities; and other risks referenced from time to time in the company's filings with the Securities and Exchange Commission. Global Crossing undertakes no duty to update information contained in this press release or in other public disclosures at any time.

    CONTACT GLOBAL CROSSING: Press Contacts Michael Schneider + 1 973 937 0146 Michael.Schneider@globalcrossing.com Analysts/Investors Contact Mark Gottlieb + 1 800 836 0342 glbc@globalcrossing.com Antonio Suarez +1 973 937 0233 Antonio.Suarez@globalcrossing.com

    IR/PR1

    Global Crossing Limited Table 1 Condensed Consolidated Balance Sheets ($ in millions)

    September December 31, 30, 2010 2009 --------- ------------- (unaudited) ASSETS: Current assets: Cash and cash equivalents $311 $477 Restricted cash and cash equivalents -current portion 14 9 Accounts receivable, net of allowances of $50 and $50 343 328 Prepaid costs and other current assets 90 101 --- --- Total current assets 758 915 --- --- Restricted cash and cash equivalents -long term 5 7 Property and equipment, net of accumulated depreciation of $1,442 and $1,216 1,207 1,280 Intangible assets, net (including goodwill of $178 and $175) 197 198 Other assets 75 88 --- --- Total assets $2,242 $2,488 ====== ====== LIABILITIES: Current liabilities: Accounts payable $238 $312 Accrued cost of access 108 87 Short term debt and current portion of long term debt 168 37 Obligations under capital leases -current portion 54 49 Deferred revenue -current portion 172 174 Other current liabilities 361 384 --- --- Total current liabilities 1,101 1,043 ----- ----- Long term debt 1,172 1,295 Obligations under capital leases 82 90 Deferred revenue 330 334 Other deferred liabilities 59 86 --- --- Total liabilities 2,744 2,848 ----- ----- SHAREHOLDERS' DEFICIT: Common stock, 110,000,000 shares authorized, $.01 par value, 60,477,709 and 60,219,817 shares issued and outstanding as of September 30, 2010 and December 31, 2009, respectively 1 1 Preferred stock with controlling shareholder, 45,000,000 shares authorized, $.10 par value, 18,000,000 shares issued and outstanding 2 2 Additional paid-in capital 1,438 1,427 Accumulated other comprehensive loss (5) (24) Accumulated deficit (1,938) (1,766) ------ ------ Total shareholders' deficit (502) (360) ---- ---- Total liabilities and shareholders' deficit $2,242 $2,488 ====== ======

    Global Crossing Limited Table 2 Unaudited Condensed Consolidated Statements of Operations ($ in millions)

    Three Months Ended September 30, ------------- 2010 2009 ---- ---- Revenue $648 $643 Cost of revenue (excluding depreciation and amortization, shown separately below): Cost of access (289) (288) Real estate, network and operations (101) (106) Third party maintenance (25) (26) Cost of equipment and other sales (25) (23) --- --- Total cost of revenue (440) (443) ---- ---- Gross margin 208 200 Selling, general and administrative (99) (109) Depreciation and amortization (82) (89) --- --- Operating income 27 2 Other income (expense): Interest income - 2 Interest expense (44) (39) Other income (expense), net 21 (32) --- --- Income (loss) before provision for income taxes 4 (67) Provision for income taxes (10) (6) Net loss (6) (73) Preferred stock dividends (1) (1) --- --- Loss applicable to common shareholders $(7) $(74) === ==== Loss per common share, basic and diluted: Loss applicable to common shareholders $(0.12) $(1.23) ====== ====== Weighted average number of common shares 60,477,559 60,135,114 ========== ==========

    Nine Months Ended September 30, ------------- 2010 2009 ---- ---- Revenue $1,926 $1,885 Cost of revenue (excluding depreciation and amortization, shown separately below): Cost of access (870) (859) Real estate, network and operations (303) (301) Third party maintenance (78) (77) Cost of equipment and other sales (75) (68) --- --- Total cost of revenue (1,326) (1,305) ------ ------ Gross margin 600 580 Selling, general and administrative (321) (321) Depreciation and amortization (252) (250) ---- ---- Operating income 27 9 Other income (expense): Interest income 1 7 Interest expense (141) (113) Other income (expense), net (37) 11 --- --- Income (loss) before provision for income taxes (150) (86) Provision for income taxes (22) (18) Net loss (172) (104) Preferred stock dividends (3) (3) --- --- Loss applicable to common shareholders $(175) $(107) ===== ===== Loss per common share, basic and diluted: Loss applicable to common shareholders $(2.90) $(1.81) ====== ====== Weighted average number of common shares 60,393,860 58,999,359 ========== ==========

    Global Crossing Limited Table 3 Unaudited Condensed Consolidated Statements of Cash Flows ($ in millions)

    Nine Months Ended September 30, 2010 2009 ---- ---- Cash flows provided by (used in) operating activities: Net loss $(172) $(104) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Gain on sale of property and equipment (1) - Loss on sale of marketable securities 2 - Non-cash loss on extinguishment of debt - 15 Non-cash stock compensation expense 15 15 Depreciation and amortization 252 250 Provision for doubtful accounts 1 5 Amortization of prior period IRUs (19) (18) Change in long term deferred revenue 17 51 Other 59 (27) Change in operating working capital: - Changes in accounts receivable (21) 8 -Changes in accounts payable and accrued cost of access (52) (78) - Changes in other current assets (2) (20) -Changes in other current liabilities (45) 38 Net cash provided by operating activities 34 135 --- --- Cash flows provided by (used in) investing activities: Purchases of property and equipment (120) (125) Purchase of marketable securities (10) - Proceeds from sale of marketable securities 8 4 Change in restricted cash and cash equivalents (1) (2) Net cash used in investing activities (123) (123) ---- ---- Cash flows provided by (used in) financing activities: Proceeds from short and long term debt - 741 Repayment of capital lease obligations (41) (47) Repayment of long term debt (including current portion) (9) (592) Premium paid on extinguishment of debt - (14) Finance costs incurred (2) (24) Payment of employee taxes on share-based compensation (1) (12) --- --- Net cash provided by (used in) financing activities (53) 52 --- --- Effect of exchange rate changes on cash and cash equivalents (24) 5 --- --- Net increase (decrease) in cash and cash equivalents (166) 69 Cash and cash equivalents, beginning of period 477 360 --- Cash and cash equivalents, end of period $311 $429 ==== ====

    Global Crossing Limited and Subsidiaries Table 4 Unaudited Condensed Consolidated Statements of Operations ($ in millions)

    Quarter Ended September 30, 2010 -------------------------------- ROW GCUK GC Impsat (1) ---- --------- ---- Revenue $113 $146 $395 Cost of revenue Cost of access (34) (31) (230) Real estate, network and operations (17) (24) (60) Third party maintenance (4) (7) (14) Cost of equipment and other sales (17) (5) (3) --- --- --- Total cost of revenue (72) (67) (307) --- --- ---- Gross margin 41 79 88 Selling, general and administrative (19) (30) (50) Depreciation and amortization (15) (18) (49) --- --- --- Operating income (loss) 7 31 (11) Other income (expense): Interest income 1 1 5 Interest expense (14) (3) (34) Other income (expense), net 9 (1) 13 --- --- --- Income (loss) before benefit (provision) for income taxes 3 28 (27) Benefit (provision) for income taxes - (10) - --- --- --- Net income (loss) 3 18 (27) Preferred stock dividends - - (1) --- --- --- Income (loss) applicable to common shareholders $3 $18 $(28) === === ==== Quarter Ended June 30, 2010 --------------------------- ROW GCUK GC Impsat (1) ---- --------- ---- Revenue $115 $137 $384 Cost of revenue Cost of access (35) (31) (215) Real estate, network and operations (18) (24) (62) Third party maintenance (6) (6) (14) Cost of equipment and other sales (17) (5) (4) --- --- --- Total cost of revenue (76) (66) (295) --- --- ---- Gross margin 39 71 89 Selling, general and administrative (19) (30) (57) Depreciation and amortization (15) (20) (47) --- --- --- Operating income (loss) 5 21 (15) Other income (expense): Interest income 2 - 6 Interest expense (14) (6) (35) Other income (expense), net (1) 1 (6) --- --- --- Income (loss) before benefit (provision) for income taxes (8) 16 (50) Benefit (provision) for income taxes - (6) 1 --- --- --- Net income (loss) (8) 10 (49) Preferred stock dividends - - (1) --- --- --- Income (loss) applicable to common shareholders $(8) $10 $(50) === === ==== Quarter Ended September 30, 2009 -------------------------------- ROW GCUK GC Impsat (1) ---- --------- ---- Revenue $120 $129 $397 Cost of revenue Cost of access (33) (27) (231) Real estate, network and operations (22) (20) (65) Third party maintenance (5) (6) (15) Cost of equipment and other sales (16) (4) (3) --- --- --- Total cost of revenue (76) (57) (314) --- --- ---- Gross margin 44 72 83 Selling, general and administrative (19) (28) (61) Depreciation and amortization (18) (22) (49) --- --- --- Operating income (loss) 7 22 (27) Other income (expense): Interest income 3 2 - Interest expense (14) (8) (20) Other income (expense), net (8) (13) (11) --- --- --- Income (loss) before benefit (provision) for income taxes (12) 3 (58) Benefit (provision) for income taxes - (6) - --- --- --- Net income (loss) (12) (3) (58) Preferred stock dividends - - (1) --- --- --- Income (loss) applicable to common shareholders $(12) $(3) $(59) ==== === ====

    Quarter Ended September 30, 2010 -------------------------------- Eliminations Total ------------ ----- Revenue $(6) $648 Cost of revenue Cost of access 6 (289) Real estate, network and operations - (101) Third party maintenance - (25) Cost of equipment and other sales - (25) --- --- Total cost of revenue 6 (440) --- ---- Gross margin - 208 Selling, general and administrative - (99) Depreciation and amortization - (82) --- --- Operating income (loss) - 27 Other income (expense): Interest income (7) - Interest expense 7 (44) Other income (expense), net - 21 --- --- Income (loss) before benefit (provision) for income taxes - 4 Benefit (provision) for income taxes - (10) --- --- Net income (loss) - (6) Preferred stock dividends - (1) --- --- Income (loss) applicable to common shareholders $- $(7) === === Quarter Ended June 30, 2010 --------------------------- Eliminations Total ------------ ----- Revenue $(6) $630 Cost of revenue Cost of access 5 (276) Real estate, network and operations 1 (103) Third party maintenance - (26) Cost of equipment and other sales - (26) --- --- Total cost of revenue 6 (431) --- ---- Gross margin - 199 Selling, general and administrative - (106) Depreciation and amortization - (82) --- --- Operating income (loss) - 11 Other income (expense): Interest income (7) 1 Interest expense 7 (48) Other income (expense), net - (6) --- --- Income (loss) before benefit (provision) for income taxes - (42) Benefit (provision) for income taxes - (5) --- --- Net income (loss) - (47) Preferred stock dividends - (1) --- --- Income (loss) applicable to common shareholders $- $(48) === ==== Quarter Ended September 30, 2009 -------------------------------- Eliminations Total ------------ ----- Revenue $(3) $643 Cost of revenue Cost of access 3 (288) Real estate, network and operations 1 (106) Third party maintenance - (26) Cost of equipment and other sales - (23) --- --- Total cost of revenue 4 (443) --- ---- Gross margin 1 200 Selling, general and administrative (1) (109) Depreciation and amortization - (89) --- --- Operating income (loss) - 2 Other income (expense): Interest income (3) 2 Interest expense 3 (39) Other income (expense), net - (32) --- --- Income (loss) before benefit (provision) for income taxes - (67) Benefit (provision) for income taxes - (6) --- --- Net income (loss) - (73) Preferred stock dividends - (1) --- --- Income (loss) applicable to common shareholders $- $(74) === ====

    (1) Rest of World (ROW) represents operations of Global Crossing Limited and subsidiaries excluding Global Crossing (UK) Telecommunications Ltd. and subsidiaries (GCUK) and GC Impsat Holdings I Plc and subsidiaries (GC Impsat).

    Global Crossing Limited and Subsidiaries Table 5 Unaudited Summary of Consolidated Revenue ($ in millions)

    Quarter Ended September 30, 2010 -------------------------------- GC ROW GCUK Impsat (1) ---- ------- ---- Revenue: Enterprise, carrier data and indirect sales channel $112 $142 $314 Carrier voice 1 1 77 Other - - 1 Intersegment revenue - 3 3 Consolidated revenue $113 $146 $395 ==== ==== ==== Quarter Ended June 30, 2010 --------------------------- GC ROW GCUK Impsat (1) ---- ------- ---- Revenue: Enterprise, carrier data and indirect sales channel $113 $132 $310 Carrier voice 2 3 69 Other - - 1 Intersegment revenue - 2 4 Consolidated revenue $115 $137 $384 ==== ==== ==== Quarter Ended September 30, 2009 -------------------------------- GC ROW GCUK Impsat (1) ---- ------- ---- Revenue: Enterprise, carrier data and indirect sales channel $117 $125 $311 Carrier voice 3 2 84 Other - - 1 Intersegment revenue - 2 1 Consolidated revenue $120 $129 $397 ==== ==== ====

    Quarter Ended September 30, 2010 -------------------------------- Eliminations Total ------------ ----- Revenue: Enterprise, carrier data and indirect sales channel $- $568 Carrier voice - 79 Other - 1 Intersegment revenue (6) - Consolidated revenue $(6) $648 === ==== Quarter Ended June 30, 2010 --------------------------- Eliminations Total ------------ ----- Revenue: Enterprise, carrier data and indirect sales channel $- $555 Carrier voice - 74 Other - 1 Intersegment revenue (6) - Consolidated revenue $(6) $630 === ==== Quarter Ended September 30, 2009 -------------------------------- Eliminations Total ------------ ----- Revenue: Enterprise, carrier data and indirect sales channel $- $553 Carrier voice - 89 Other - 1 Intersegment revenue (3) - Consolidated revenue $(3) $643 === ====

    (1) Rest of World (ROW) represents operations of Global Crossing Limited and subsidiaries excluding Global Crossing (UK) Telecommunications Ltd. and subsidiaries (GCUK) and GC Impsat Holdings I Plc and subsidiaries (GC Impsat).

    Global Crossing Limited Table 6 Unaudited Reconciliation of OIBDA to Income (Loss) Applicable to Common Shareholders ($ in millions) Pursuant to the SEC's Regulation G, the following table provides a reconciliation of OIBDA, which is considered a non-GAAP (Generally Accepted Accounting Principles) financial measure, to income (loss) applicable to common shareholders. OIBDA is defined as operating income (loss) before depreciation and amortization. OIBDA differs from operating income (loss) in that it excludes depreciation and amortization. Such excluded expenses primarily reflect the non-cash impacts of historical capital investments, as opposed to the cash impacts of capital expenditures made in recent periods. In addition, OIBDA does not give effect to cash used for debt service requirements and thus does not reflect available funds for reinvestment, distributions or other discretionary uses. Management uses OIBDA as an important part of our internal reporting and planning processes and as a key measure to evaluate profitability and operating performance, make comparisons between periods, and to make resource allocation decisions. Management believes that the investment community uses similar performance measures to compare performance of competitors in our industry. There are material limitations to using non-GAAP financial measures. Our calculation of OIBDA may differ from similarly titled measures used by other companies, and may not be comparable to those other measures. Additionally, OIBDA does not include certain significant items such as depreciation and amortization, interest income, interest expense, income taxes, other non-operating income or expense items and preferred stock dividends. OIBDA should be considered in addition to, and not as a substitute for, other measures of financial performance reported in accordance with GAAP. Management believes that OIBDA is useful to our investors as it is a relevant indicator of operating performance, especially in a capital-intensive industry such as telecommunications. OIBDA provides investors with an indication of the underlying performance of our everyday business operations. It excludes the effect of items associated with our capitalization and tax structures, such as interest income, interest expense and income taxes, and of other items not associated with our everyday operations.

    Quarter Ended September 30, 2010 -------------------------------- GC ROW GCUK Impsat (1) ---- ------- ---- OIBDA $22 $49 $38 Depreciation and amortization (15) (18) (49) --- --- --- Operating income (loss) 7 31 (11) Interest income 1 1 5 Interest expense (14) (3) (34) Other income (expense), net 9 (1) 13 Provision for income taxes - (10) - Preferred stock dividends - - (1) --- --- --- Income (loss) applicable to common shareholders $3 $18 $(28) === === ==== Quarter Ended June 30, 2010 --------------------------- GC ROW GCUK Impsat (1) ---- ------- ---- OIBDA $20 $41 $32 Depreciation and amortization (15) (20) (47) --- --- --- Operating income (loss) 5 21 (15) Interest income 2 - 6 Interest expense (14) (6) (35) Other income (expense), net (1) 1 (6) Benefit (provision) for income taxes - (6) 1 Preferred stock dividends - - (1) --- --- --- Income (loss) applicable to common shareholders $(8) $10 $(50) === === ==== Quarter Ended September 30, 2009 -------------------------------- GC ROW GCUK Impsat (1) ---- ------- ---- OIBDA $25 $44 $22 Depreciation and amortization (18) (22) (49) --- --- --- Operating income (loss) 7 22 (27) Interest income 3 2 - Interest expense (14) (8) (20) Other expense, net (8) (13) (11) Provision for income taxes - (6) - Preferred stock dividends - - (1) --- --- --- Loss applicable to common shareholders $(12) $(3) $(59) ==== === ====

    Quarter Ended September 30, 2010 -------------------------------- Eliminations Total ------------ ----- OIBDA $- $109 Depreciation and amortization - (82) --- --- Operating income (loss) - 27 Interest income (7) - Interest expense 7 (44) Other income (expense), net - 21 Provision for income taxes - (10) Preferred stock dividends - (1) --- --- Income (loss) applicable to common shareholders $- $(7) === === Quarter Ended June 30, 2010 --------------------------- Eliminations Total ------------ ----- OIBDA $- $93 Depreciation and amortization - (82) --- --- Operating income (loss) - 11 Interest income (7) 1 Interest expense 7 (48) Other income (expense), net - (6) Benefit (provision) for income taxes - (5) Preferred stock dividends - (1) --- --- Income (loss) applicable to common shareholders $- $(48) === ==== Quarter Ended September 30, 2009 -------------------------------- Eliminations Total ------------ ----- OIBDA $- $91 Depreciation and amortization - (89) --- --- Operating income (loss) - 2 Interest income (3) 2 Interest expense 3 (39) Other expense, net - (32) Provision for income taxes - (6) Preferred stock dividends - (1) --- --- Loss applicable to common shareholders $- $(74) === ====

    (1) Rest of World (ROW) represents operations of Global Crossing Limited and subsidiaries excluding Global Crossing (UK) Telecommunications Ltd. and subsidiaries (GCUK) and GC Impsat Holdings I Plc and subsidiaries (GC Impsat).

    Global Crossing Limited and Subsidiaries Table 7 Unaudited Reconciliations of Free Cash Flow to Net Cash Provided by Operating Activities ($ in millions) Pursuant to the SEC's Regulation G, the following table provides a reconciliation of Free Cash Flow, which is considered a non-GAAP (Generally Accepted Accounting Principles) financial measure, to net cash provided by operating activities. We define Free Cash Flow as net cash provided by (used in) operating activities less purchases of property and equipment as disclosed in the statement of cash flows. Free Cash Flow differs from the net change in cash and cash equivalents in the statement of cash flows in that it excludes the cash impact of: all investing activities (other than capital expenditures, which are a fundamental and recurring part of our business); all financing activities; and exchange rate changes on cash and cash equivalents balances. Management uses Free Cash Flow as a relevant indicator of our ability to generate cash to pay debt. Free Cash Flow also is an important part of our internal reporting and a key measure used by management to evaluate liquidity from period to period. We believe that the investment community uses similar performance measures to compare performance of competitors in our industry. There are material limitations to using non-GAAP financial measures. Our calculation of Free Cash Flow may differ from similarly titled measures used by other companies, and may not be comparable to those other measures. Moreover, we do not currently pay a significant amount of income taxes due to net operating losses, and we therefore generate higher Free Cash Flow than comparable businesses that do pay income taxes. Additionally, Free Cash Flow is subject to variability quarter over quarter as a result of the timing of payments related to accounts receivable and accounts payable and capital expenditures. Free Cash Flow also does not include certain significant cash items such as purchases and sales out of the ordinary course of business, proceeds from financing activities, repayments of capital lease obligations and other debt, and the effect of exchange rate changes on cash and cash equivalents balances. Free Cash Flow should be considered in addition to, and not as a substitute for, net change in cash and cash equivalents in the statement of cash flows reported in accordance with GAAP. Management believes that Free Cash Flow is useful to our investors as it provides an indication of the underlying cash position of our everyday business operations and the ability to pay debt.

    Quarter Ended September 30, 2010 ---- Free Cash Flow $(1) Purchases of property and equipment 30 Net cash provided by operating activities $29 === Quarter Ended June 30, 2010 ---- Free Cash Flow $(13) Purchases of property and equipment 49 Net cash provided by operating activities $36 === Quarter Ended September 30, 2009 ---- Free Cash Flow $52 Purchases of property and equipment 33 Net cash provided by operating activities $85 ===

    Global Crossing Limited and Subsidiaries Table 8 Unaudited Reconciliations of 2010 OIBDA and Free Cash Flow Guidance ($ in millions) When providing projections for non-GAAP measures, we are required to provide a reconciliation of the non-GAAP measure to the most directly comparable GAAP metric to the extent available without unreasonable efforts. In such cases, we may indicate an amount or range for GAAP measures that are components of the reconciliation. The provision of such amounts or ranges must not be interpreted as explicit or implicit projections of those GAAP components. To reconcile the non-GAAP financial metric to GAAP, we must use amounts or ranges for the GAAP components that arithmetically add up to the non-GAAP financial metric. While we feel reasonably comfortable with the methodology used to generate the projections of our non-GAAP financial metrics, we fully expect that the amounts or ranges used for the GAAP components will vary from actual results. We have made numerous assumptions in preparing our projections. These assumptions, including the amounts of the various components that comprise a financial metric, may or may not prove to be correct. We will consider our projections of non-GAAP financial metrics to have been achieved if the specific non-GAAP measure is met or exceeded, even if the GAAP components of the reconciliation are materially different from those provided in an earlier reconciliation. This reconciliation was prepared based on the Company's updated guidance as provided on November 1, 2010, which is included in the preceding press release.

    Twelve months ended December 31, 2010 ----------------- Low End of High End of Guidance Guidance OIBDA $400 $415 Depreciation and amortization (334) (334) ---- ---- Operating income 66 81 Interest expense, net (188) (188) Other expense, net (37) (37) Provision for income taxes (30) (30) Preferred stock dividends (4) (4) --- --- Net loss applicable to common shareholders $(193) $(178) ===== ===== Free Cash Flow $(10) $10 Purchases of property and equipment 180 180 Net cash provided by operating activities $170 $190 ==== ==== For definitions and further description of these non-GAAP measures see tables 6 and 7.

    Global Crossing

    CONTACT: Press, Michael Schneider, +1-973-937-0146,
    Michael.Schneider@globalcrossing.com, or Analysts/Investors, Mark Gottlieb,
    +1-800-836-0342, glbc@globalcrossing.com, or Antonio Suarez,
    +1-973-937-0233, Antonio.Suarez@globalcrossing.com, all of Global Crossing

    Web site: http://www.globalcrossing.com/




    Metallica to Headline Call of Duty(R): Black Ops Launch EventLaunch Event to Raise Funds and Awareness for The Call of Duty Endowment

    SANTA MONICA, Calif., Nov. 1, 2010 /PRNewswire/ -- Metallica has partnered with Activision Publishing, Inc. to headline the Call of Duty(R): Black Ops launch event on November 4 at Santa Monica Airport's Hangar 8. The event will feature a performance by the GRAMMY(R)-Award winning band, honor the six branches of the Armed Forces and raise $1 million for The Call of Duty Endowment, a non-profit, public benefit corporation founded by Activision Blizzard that helps soldiers with the transition to civilian life and help them establish jobs and careers. Call of Duty(R): Black Ops will release worldwide on November 9.

    "We are honored to have Metallica partner with us to pay tribute to the brave servicemen and women who have risked their lives at war only to return home to find their biggest challenge is searching for a job," stated Robert Kotick, CEO of Activision Blizzard. "Today, the unemployment rate for veterans is 21% higher than the rate for all Americans, with veterans' unemployment topping 500,000. We believe that the business community can and should do more. Through The Call of Duty Endowment, we are committed to raising millions of dollars for job assistance and training programs for veterans and raising public awareness for this serious issue."

    Formed in Los Angeles in 1981 by drummer Lars Ulrich and guitarist and vocalist James Hetfield, Metallica have become one of the most influential and commercially successful rock bands in history, having sold more than 100 million albums worldwide and playing to tens of millions of fans the world over. They have scored several multi-platinum albums, including 1983's Kill 'Em All (3x), 1984's Ride the Lightning (5x), 1986's Master of Puppets (6x), 1988's ...And Justice For All (8x), 1991's Metallica (also known as "The Black Album" - 15x), 1996's Load (5x), 1997's ReLoad (3x), and 2003's St. Anger (2x). Their latest album, Death Magnetic, was certified platinum just six weeks after it debuted atop the Billboard Top 200 Album chart in October 2008. The band released a groundbreaking Guitar Hero(R) edition of Death Magnetic, which was the largest selling download album on the platform at the time. They also released Guitar Hero(R): Metallica(R) in 2009 with Activision. Metallica have also garnered numerous awards and accolades, including nine Grammy Awards, two American Music Awards, and multiple MTV Video Music Awards, and were inducted into the Rock and Roll Hall of Fame and Museum last year.

    About Activision Publishing, Inc.

    Headquartered in Santa Monica, California, Activision Publishing, Inc. is a leading worldwide developer, publisher and distributor of interactive entertainment and leisure products.

    Activision maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, Norway, Denmark, the Netherlands, Australia, South Korea, China and the region of Taiwan. More information about Activision and its products can be found on the company's website, www.activision.com.

    Call of Duty and Activision are registered trademarks of Activision Publishing, Inc. All other trademarks and trade names are the properties of their respective owners.

    Activision Publishing, Inc.

    CONTACT: Maryanne Lataif, Senior Vice President, Corporate Communications
    of Activision Publishing, Inc., +1-310-255-2704,
    maryanne.lataif@activision.com

    Web site: http://www.activision.com/

    Company News On-Call: http://www.prnewswire.com/comp/007396.html




    American Pacific Rim Issues Earnings Guidance

    CITRA, Fla., Nov. 1, 2010 /PRNewswire-FirstCall/ -- American Pacific Rim Commerce Group (www.aprcg.com) today announced earnings guidance for fiscal years 2011 and 2012. The Company expects to report net income attributable to operations of approximately $12,679,040 million for its fiscal year ending November 30, 2011 and $20,300,000 for 2012, respectively. Profit before interest expense, income taxes, depreciation and amortization is expected to be approximately $9.5 million for 2011 and $16.5 million for 2012.

    In prepared remarks delivered earlier today to investors, Raymond Talarico, President, said, "Assuming full funding and build-out of our proprietary ecommerce platform mymyJ, the Company projects, for fiscal 2011 ending November 30, 2011 to report earnings of $12 to $13 million and total profit of $9 to $10 million, such guidance represents only a 1% share of total market and suggests a tremendous upside for our shareholders. "By revising our guidance upward we have aligned our expectations with increasingly positive market conditions being reported in China."

    American Pacific Rim Commerce Group is a first mover in the ecommerce direct-to-consumer market focused on providing Chinese consumers access to American brands, products and services. The Company offers Small and Medium sized U.S. Business (SME's) transactional-based solutions; promotions, sales, logistics and currency conversion, that will establish its backbone as the leading on-line marketplace between Chinese consumers and U.S. (SME's) sellers. Following successful beta-testing, the company anticipates launching 'mymyJ' (loosely translated); "Buy & Sell Festival" to Chinese consumers in December 2010.

    AMERICAN PACIFIC RIM COMMERCE GROUP (Millions - unaudited) The following table includes projected reconciliations of net income, expenses and total profit attributable for the periods presented:

    Forecasted Forecasted Fiscal Fiscal Year Year Ended Ended November November 30, 30, 2011 2012 ---- ---- REVENUES -------- Monthly Subscriber Services $5.0 $10.0 Transaction Fees 1.17 2.34 Monthly Exhibit Fees 2.7 63.6 Advertising Fees 0.27 0.36 mymyJ Kiosks 2.53 2.0 Transaction Fees (endorsements) 1.0 2.0 Total Revenue $12.6 $20.3 EXPENSES $3.1 $3.7 -------- Total Profit $9.5 $16.5

    ABOUT APRM:

    American Pacific Rim Commerce Group, is a development stage Company marketing "Made-in-the-USA" products and services manufactured by U.S. Small & Medium Size Businesses (SME) to consumers in Hong Kong and China through our proprietary e-commerce platform. APRM is a first mover providing SME's transactional-based solutions; promotions, sales, logistics and currency conversion that will establish our backbone as the leading on-line marketplace between Chinese consumers and SME's, launching 'mymyJ' (loosely translated); "Buy & Sell Festival" in China, 4th Quarter 2010.

    Safe Harbor Disclosure:

    This press release includes "forward-looking statements" within the meaning of the federal securities laws, identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are reasonable, it can give no assurance that these assumptions will prove correct. Important factors that may cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

    American Pacific Rim Commerce Group

    CONTACT: Raymond Talarico of American Pacific Rim Commerce Group,
    +1-352-591-1785

    Web site: http://www.aprcg.com/




    SuccessFactors Chief Information Officer to Participate in Goldman Sachs Techtonics Conference 2010Event to be Webcast Live on SuccessFactors' Investor Relations Website

    SAN MATEO, Calif., Nov. 1, 2010 /PRNewswire-FirstCall/ -- Today, SuccessFactors, Inc. announced that the company's Chief Information Officer, Tom Fisher, will participate as a panelist speaker at the Goldman Sachs Techtonics Conference on Tuesday, November 9 in New York City, NY.

    Mr. Fisher will present on the Edge:Techtonics panel at 9:15 AM ET / 6:15 AM PT. A live audio webcast will be available on SuccessFactors' Investor Relations website at http://www.successfactors.com/investor.

    About SuccessFactors, Inc.

    SuccessFactors is a global leader in Business Execution Software. The SuccessFactors Business Execution (BizX) Suite, which is delivered through the cloud, improves business alignment, team execution and people performance to drive results for companies of all sizes. Across 168 countries and 34 languages, more than 8 million users and 3,000 companies leverage SuccessFactors every day, up from approximately 300,000 users and 100 companies in 2003. BizX bridges the gap between strategy and success by allowing every person in an organization to execute against their goals better and faster. SuccessFactors' recent acquisitions of YouCalc, Inform and CubeTree supplement SuccessFactors' core BizX strategy with solutions that align with SuccessFactors' mission of helping companies get work done by delivering robust business insights and improved collaboration. To learn more, visit: www.successfactors.com.

    Execution Is The Difference(TM)

    Follow us: http://twitter.com/SuccessFactors

    Like us: http://facebook.com/SuccessFactors

    Contact: Dominic Paschel, 415-262-4641 Director of Global Public & Investor Relations dpaschel@successfactors.com

    Photo: http://photos.prnewswire.com/prnh/20090602/SF26086LOGO
    http://www.newscom.com/cgi-bin/prnh/20090602/SF26086LOGO
    AP Archive: http://photoarchive.ap.org
    PRN Photo Desk photodesk@prnewswire.com SuccessFactors, Inc.

    CONTACT: Dominic Paschel, Director of Global Public & Investor Relations
    of SuccessFactors, +1-415-262-4641, dpaschel@successfactors.com

    Web site: http://www.successfactors.com/




    Sanmina-SCI Announces Fourth Quarter and Fiscal Year End Results

    SAN JOSE, Calif., Nov. 1, 2010 /PRNewswire-FirstCall/ -- Sanmina-SCI Corporation ("Sanmina-SCI" or the "Company") , a leading global Electronics Manufacturing Services (EMS) company, today reported financial results for the fourth quarter and fiscal year ended October 2, 2010.

    Fourth Quarter Fiscal 2010 Highlights

    --  Revenue of $1.69 billion
    --  Non-GAAP operating margin of 4.1 percent
    --  Non-GAAP diluted earnings per share of $0.46
    --  GAAP operating margin of 3.4 percent
    --  GAAP diluted earnings per share of $0.38
    

    Fiscal Year 2010 Highlights

    --  Revenue of $6.3 billion, up 22 percent Y/Y
    --  GAAP diluted earnings per share of $1.48
    --  Non-GAAP diluted earnings per share of $1.30
    

    Y/Y - compared to the same period a year ago.

    Revenue for the fourth quarter was $1.69 billion, up 4 percent, compared to $1.63 billion in the prior quarter ended July 3, 2010 and up 25 percent, compared to $1.35 billion for the same period a year ago. Revenue for the fiscal year ended October 2, 2010 was $6.3 billion, up 22 percent compared to $5.2 billion for the year ended October 3, 2009.

    GAAP Financial Results

    GAAP net income in the fourth quarter was $31.4 million, a diluted earnings per share of $0.38, compared to a net income of $21.6 million, a diluted earnings per share of $0.26 in the prior quarter. GAAP net loss for the same period a year ago was $32.7 million, a diluted loss per share of $0.42. GAAP net income for the full year was $122.4 million, a diluted earnings per share of $1.48, compared to net loss of $137.8 million, a diluted loss per share of $1.67 in fiscal 2009.

    Non-GAAP Financial Results(1)

    Non-GAAP gross profit in the fourth quarter was $132.2 million, or 7.8 percent of revenue, down 10 basis points, compared to gross profit of $129 million, or 7.9 percent of revenue in the third quarter and up 70 basis points compared to $96.4 million, or 7.1 percent in the same period a year ago. Non-GAAP gross profit for the fiscal year 2010 was $492.4 million, or 7.8 percent of revenue, up 120 basis points, compared to gross profit of $339.9 million, or 6.6 percent for the fiscal year 2009.

    Non-GAAP operating income in the fourth quarter was $68.9 million, or 4.1 percent of revenue, up 20 basis points, compared to $64.2 million, or 3.9 percent of revenue in the prior quarter and a 150 basis point improvement compared to $34.5 million, or 2.6 percent in the fourth quarter fiscal 2009. Non-GAAP operating income for fiscal 2010 was $237.9 million, or 3.8 percent of revenue, up 200 basis points, compared to $94.3 million, or 1.8 percent of revenue for fiscal 2009.

    Non-GAAP net income in the fourth quarter was $37.8 million, a diluted earnings per share of $0.46, compared to a net income of $26.6 million and $0.32 diluted earnings per share in the prior quarter. Non-GAAP net income for the same period a year ago was $94 thousand, a diluted earnings per share of $0.00. Non-GAAP net income for the full year was $106.9 million, or $1.30 diluted earnings per share, compared to net loss of $42.5 million, a diluted loss per share of $0.52 in fiscal 2009.

    Three Month Periods Twelve Month Periods (In millions, except per share data) Q4:2010 Q3:2010 Q4:2009 FY:2010 FY:2009 ----------------- ------- ------- ------- ------- ------- GAAP: Revenue $1,688 $1,625 $1,354 $6,319 $5,177 Net income (loss) $31 $22 $(33) $122 $(138) Earnings (loss) per share $0.38 $0.26 $(0.42) $1.48 $(1.67) Non-GAAP(1): Revenue $1,687 $1,626 $1,354 $6,319 $5,182 Gross profit $132 $129 $96 $492 $340 Gross margin 7.8% 7.9% 7.1% 7.8% 6.6% Operating income $69 $64 $35 $238 $94 Operating margin 4.1% 3.9% 2.6% 3.8% 1.8% Net income (loss) $38 $27 $0.1 $107 $(43) Earnings (loss) per share $0.46 $0.32 $0.00 $1.30 $(0.52) --------------- ----- ----- ----- ----- ------

    Balance Sheet Results

    As of October 2, 2010, cash and cash equivalents amounted to $593 million. Cash cycle days were 47 days and inventory turns were 7.3x for the quarter.

    "Fiscal 2010 was a great year for Sanmina-SCI with healthy revenue growth and margin expansion driven by solid execution of our strategy. We remain focused on market diversification, operational excellence and leading edge technology, which offer a distinct advantage to our customers. Our differentiated strategy has positioned us for profitable growth in fiscal 2011," stated Jure Sola, Chairman and Chief Executive Officer.

    First Quarter Fiscal 2011 Outlook

    The following forecast is for the first fiscal quarter ending January 1, 2011. These statements are forward-looking and actual results may differ materially.

    --  Revenue between $1.625 billion to $1.675 billion
    --  Non-GAAP diluted earnings per share between $0.40 to $0.44
    

    (1)Non-GAAP Financial Information

    In the commentary set forth above and/or in the financial statements included in this earnings release, we present the following non-GAAP financial measures: revenue, gross profit, gross margin, operating income, operating margin, net income (loss) and earnings (loss) per share. In computing each of these non-GAAP financial measures, we exclude charges or gains relating to: stock-based compensation expenses, restructuring costs (including employee severance and benefits costs and charges related to excess facilities and assets), acquisition and integration costs (consisting of costs associated with the acquisition and integration of acquired businesses into our operations), impairment charges for goodwill and intangible assets, amortization expense and other infrequent or unusual items (including charges for customer bankruptcy reorganizations, litigation settlements and discrete tax events), to the extent material or which we consider to be of a non-operational nature in the applicable period. See Schedule 1 below for more information regarding our use of non-GAAP financial measures, including the economic substance behind each exclusion, the manner in which management uses non-GAAP measures to conduct and evaluate the business, the material limitations associated with using such measures and the manner in which management compensates for such limitations. A reconciliation from GAAP to non-GAAP results is included in the financial statements contained in this release and is also available on the Investor Relations section of our website at www.sanmina-sci.com. Sanmina-SCI provides first quarter outlook information only on a non-GAAP basis due to the inherent uncertainties associated with forecasting the timing and amount of restructuring, impairment and other unusual and infrequent items.

    Company Conference Call Information

    Sanmina-SCI will hold a conference call regarding this announcement on Monday, November 1, 2010 at 5:00 p.m. ET (2:00 p.m. PT). The access numbers are: domestic 877-273-6760 and international 706-634-6605. The conference will also be broadcast live over the Internet. You can log on to the live webcast at www.sanmina-sci.com. Additional information in the form of a slide presentation is available by logging onto Sanmina-SCI's website at www.sanmina-sci.com. A replay of today's conference call will be available for 48-hours. The access numbers are: domestic 800-642-1687 and international 706-645-9291, access code is 20295558.

    About Sanmina-SCI

    Sanmina-SCI Corporation is a leading electronics contract manufacturer serving the fastest-growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina-SCI provides end-to-end manufacturing solutions, delivering superior quality and support to OEMs primarily in the communications, defense and aerospace, industrial and medical instrumentation, multimedia, enterprise computing and storage, renewable energy and automotive technology sectors. Sanmina-SCI has facilities strategically located in key regions throughout the world. More information regarding the company is available at http://www.sanmina-sci.com.

    Sanmina-SCI Safe Harbor Statement

    Certain statements contained in this press release, including the Company's outlook for future revenue and earnings per share, constitute forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in these statements as a result of a number of factors, including the return of worldwide recessionary conditions adversely impacting the markets for the Company's customers' products and the Company's customers' ability to pay for the Company's products and which therefore could reduce the Company's revenue; customer bankruptcy filings, which could cause the Company to record charges to its earnings; the sufficiency of the Company's cash position and other sources of liquidity to operate and expand its business; impact of the restrictions contained in the Company's credit agreements and indentures upon the Company's ability to operate and expand its business; competition negatively impacting the Company's revenues and margins; any failure of the Company to effectively assimilate acquired businesses and achieve the anticipated benefits of its acquisitions; the need to adopt future restructuring plans as a result of changes in the Company's business, which would increase the Company's costs and decrease its net income; and the other factors set forth in the Company's annual and quarterly reports filed with the Securities Exchange Commission ("SEC").

    The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter any of the forward-looking statements made in this earnings release, the conference call or the Investor Relations section of our website whether as a result of new information, future events or otherwise, unless otherwise required by law.

    SANMF

    Sanmina-SCI Corporation Condensed Consolidated Balance Sheets (In thousands) (GAAP)

    October October 2, 3, 2010 2009 ---- ---- (Unaudited) ASSETS ------ Current assets: Cash and cash equivalents $592,812 $899,151 Accounts receivable, net 1,018,612 668,474 Inventories 844,347 761,391 Prepaid expenses and other current assets 81,191 78,128 Assets held for sale 53,047 68,902 ------ ------ Total current assets 2,590,009 2,476,046 --------- --------- Property, plant and equipment, net 570,258 543,497 Other non-current assets 141,529 104,354 ------- ------- Total assets $3,301,796 $3,123,897 ========== ========== LIABILITIES AND STOCKHOLDERS' EQUITY ----------------------------- Current liabilities: Accounts payable $923,038 $780,876 Accrued liabilities 140,371 140,926 Accrued payroll and related benefits 122,934 98,408 Short-term debt 65,000 - Current portion of long-term debt - 175,700 --- Total current liabilities 1,251,343 1,195,910 --------- --------- Long-term liabilities: Long-term debt 1,240,666 1,262,014 Other 148,186 146,903 Total long- term liabilities 1,388,852 1,408,917 --------- --------- Total stockholders' equity 661,601 519,070 ------- ------- Total liabilities and stockholders' equity $3,301,796 $3,123,897 ========== ==========

    Sanmina-SCI Corporation Condensed Consolidated Statements of Operations (In thousands, except per share amounts) (GAAP) (Unaudited)

    Three Months Ended ------------------ October October 2, 3, 2010 2009 ---- ---- Net sales $1,687,768 $1,353,960 Cost of sales 1,556,057 1,259,630 --------- --------- Gross profit 131,711 94,330 ------- Operating expenses: Selling, general and administrative 61,170 60,315 Research and development 3,597 3,962 Amortization of intangible assets 392 1,072 Restructuring and integration costs 8,417 18,316 Asset impairment - 2,944 Gain on sales of long-lived assets (28) - Total operating expenses 73,548 86,609 ------ Operating income (loss) 58,163 7,721 Interest income 710 459 Interest expense (27,668) (30,302) Other income (expense), net 2,612 (5,609) ----- Interest and other, net (24,346) (35,452) ------- ------- Income (loss) before income taxes 33,817 (27,731) Provision for income taxes 2,418 4,954 ----- ----- Net income (loss) $31,399 $(32,685) ======= ======== Basic income (loss) per share $0.39 $(0.42) Diluted income (loss) per share $0.38 $(0.42) Weighted-average shares used in computing per share amounts: Basic 79,683 78,604 Diluted 82,734 78,604

    Twelve Months Ended ------------------- October October 2, 3, 2010 2009 ---- ---- Net sales $6,318,691 $5,177,481 Cost of sales 5,835,701 4,855,003 --------- --------- Gross profit 482,990 322,478 ------- Operating expenses: Selling, general and administrative 252,534 238,194 Research and development 13,004 16,685 Amortization of intangible assets 3,555 4,817 Restructuring and integration costs 21,822 57,260 Asset impairment 1,100 10,178 Gain on sales of long-lived assets (13,824) - Total operating expenses 278,191 327,134 ------- Operating income (loss) 204,799 (4,656) Interest income 2,246 6,499 Interest expense (108,144) (116,988) Other income (expense), net 40,341 2,575 ------ Interest and other, net (65,557) (107,914) ------- -------- Income (loss) before income taxes 139,242 (112,570) Provision for income taxes 16,807 25,252 ------ ------ Net income (loss) $122,435 $(137,822) ======== ========= Basic income (loss) per share $1.55 $(1.67) Diluted income (loss) per share $1.48 $(1.67) Weighted-average shares used in computing per share amounts: Basic 79,195 82,528 Diluted 82,477 82,528

    Sanmina-SCI Corporation Reconciliation of GAAP to Non-GAAP Measures (in thousands, except per share amounts) (Unaudited)

    Three Months Ended ------------------ October October 2, July 3, 3, 2010 2010 2009 ---- ---- ---- GAAP Revenue $1,687,768 $1,625,170 $1,353,960 Adjustments Customer bankruptcy reorganization (1) (570) 570 - ---- --- --- Non-GAAP Revenue $1,687,198 $1,625,740 $1,353,960 ========== ========== ========== GAAP Gross Profit $131,711 $124,115 $94,330 GAAP gross margin 7.8% 7.6% 7.0% Adjustments Stock compensation expense (2) 859 487 2,028 Amortization of intangible assets 209 - 24 Contingency item expected to reverse in a future period (6) - 3,039 - Customer bankruptcy reorganization (1) (570) 1,329 - ---- ----- --- Non-GAAP Gross Profit $132,209 $128,970 $96,382 ======== ======== ======= Non-GAAP gross margin 7.8% 7.9% 7.1% GAAP operating income (loss) $58,163 $61,740 $7,721 GAAP operating margin 3.4% 3.8% 0.6% Adjustments Stock compensation expense (2) 2,796 2,367 4,470 Contingency item expected to reverse in a future period (6) - 3,039 - Amortization of intangible assets 601 926 1,096 Stock option investigation - - - Customer bankruptcy reorganization (1) (1,178) 1,937 - Restructuring, acquisition and integration costs 8,516 7,390 18,316 Gain on sales of long-lived assets (28) (13,796) - Asset impairment - 600 2,944 --- --- ----- Non-GAAP operating income $68,870 $64,203 $34,547 ======= ======= ======= Non-GAAP operating margin 4.1% 3.9% 2.6% GAAP net income (loss) $31,399 $21,563 $(32,685) Adjustments: Operating income adjustments (see above) 10,707 2,463 26,826 Net gain on derivative financial instruments and other (3) - - - Impairment of long-term investments - - 825 Acquisition and integration costs (541) - - Gain on sale of business - - - (Gain) /loss on repurchase of debt (4) - 369 4,945 Gain from litigation settlement (5) - - - Nonrecurring tax items (3,760) 2,222 183 ------ ----- --- Non-GAAP net income (loss) $37,805 $26,617 $94 ======= ======= === Non-GAAP Basic Income (Loss) Per Share: $0.47 $0.33 $0.00 Non-GAAP Diluted Income (Loss) Per Share: $0.46 $0.32 $0.00 Weighted-average shares used in computing Non-GAAP per share amounts: Basic 79,683 79,544 78,604 Diluted 82,734 83,693 79,209

    Twelve Months Ended ------------------- October October 2, 3, 2010 2009 ---- ---- GAAP Revenue $6,318,691 $5,177,481 Adjustments Customer bankruptcy reorganization (1) - 5,000 --- ----- Non-GAAP Revenue $6,318,691 $5,182,481 ========== ========== GAAP Gross Profit $482,990 $322,478 GAAP gross margin 7.6% 6.2% Adjustments Stock compensation expense (2) 5,452 7,209 Amortization of intangible assets 209 257 Contingency item expected to reverse in a future period (6) 3,039 - Customer bankruptcy reorganization (1) 759 10,000 --- ------ Non-GAAP Gross Profit $492,449 $339,944 ======== ======== Non-GAAP gross margin 7.8% 6.6% GAAP operating income (loss) $204,799 $(4,656) GAAP operating margin 3.2% -0.1% Adjustments Stock compensation expense (2) 15,167 15,994 Contingency item expected to reverse in a future period (6) 3,039 - Amortization of intangible assets 3,764 5,074 Stock option investigation - 450 Customer bankruptcy reorganization (1) 759 10,000 Restructuring, acquisition and integration costs 23,115 57,260 Gain on sales of long-lived assets (13,824) - Asset impairment 1,100 10,178 ----- ------ Non-GAAP operating income $237,919 $94,300 ======== ======= Non-GAAP operating margin 3.8% 1.8% GAAP net income (loss) $122,435 $(137,822) Adjustments: Operating income adjustments (see above) 33,120 98,956 Net gain on derivative financial instruments and other (3) - (4,993) Impairment of long-term investments - 4,531 Acquisition and integration costs (541) - Gain on sale of business (3,710) - (Gain) / loss on repurchase of debt (4) 1,197 (8,545) Gain from litigation settlement (5) (35,556) - Nonrecurring tax items (10,018) 5,352 ------- ----- Non-GAAP net income (loss) $106,927 $(42,521) ======== ======== Non-GAAP Basic Income (Loss) Per Share: $1.35 $(0.52) Non-GAAP Diluted Income (Loss) Per Share: $1.30 $(0.52) Weighted-average shares used in computing Non-GAAP per share amounts: Basic 79,195 82,528 Diluted 82,477 82,528

    (1) Relates to revenue reversal and inventory and bad debt reserves associated with customer bankruptcy reorganization announcements. (2) Stock compensation expense was as follows:

    Three Months Ended ------------------ October October 2, July 3, 3, 2010 2010 2009 ---- ---- ---- Cost of sales $859 $487 $2,028 Selling, general and administrative 1,899 2,215 2,324 Research and development 38 (335) 118 --- ---- --- Stock compensation expense - total company $2,796 $2,367 $4,470 ====== ====== ======

    Twelve Months Ended ------------------- October October 2, 3, 2010 2009 ---- ---- Cost of sales $5,452 $7,209 Selling, general and administrative 9,809 8,446 Research and development (94) 339 --- --- Stock compensation expense - total company $15,167 $15,994 ======= =======

    (3) Relates primarily to a gain on interest rate swaps not accounted for as hedging instruments during a portion of Q1 FY09 due to termination of a swap. (4) Represents gain or loss, including write-off of unamortized debt issuance costs, on debt redeemed or repurchased prior to maturity. (5) Represents cash received in connection with a litigation settlement. (6) Represents a non-recurring contingency that the Company expects to resolve favorably in future periods. However, there can be no assurance of the exact amount or timing of this recovery.

    Schedule I

    The tables contained above include non-GAAP measures of revenue, gross profit, gross margin, operating income, operating margin, net income and earnings per share. Management excludes from these measures stock-based compensation, restructuring and integration expenses, impairment charges, amortization charges and other infrequent items, to the extent material or which we consider to be of a non-operational nature in the applicable period.

    Management excludes these items principally because such charges are not directly related to the Company's ongoing core business operations. We use such non-GAAP measures in order to (1) make more meaningful period-to-period comparisons of Company's operations, both internally and externally, (2) guide management in assessing performance of the business, internally allocating resources and making decisions in furtherance of Company's strategic plan, (3) provide investors with a better understanding of how management plans and measures the business and (4) provide investors with a better understanding of the ongoing, core business. The material limitations to management's approach include the fact that the charges and expenses excluded are nonetheless charges required to be recognized under GAAP. Management compensates for these limitations primarily by using GAAP results to obtain a complete picture of the Company's performance and by including a reconciliation of non-GAAP results back to GAAP in its earnings releases.

    Additional information regarding the economic substance of each exclusion, management's use of the resultant non-GAAP measures, the material limitations of management's approach and management's methods for compensating for such limitations is provided below.

    Stock-based Compensation Expense, which consists of non-cash charges for the estimated fair value of stock options and unvested restricted stock units granted to employees, is excluded in order to permit more meaningful period-to-period comparisons of the Company's results since the Company grants different amounts and value of stock options in each quarter. In addition, given the fact that competitors grant different amounts and types of equity award and may use different option valuation assumptions, excluding stock-based compensation permits more accurate comparisons of the Company's core results with those of its competitors.

    Restructuring and Integration Costs, which consist of severance, lease termination, exit costs and other charges primarily related to closing and consolidating manufacturing facilities and those associated with the integration of acquired businesses into our operations, are excluded because such charges (1) can be driven by the timing of acquisitions which are difficult to predict, (2) are not directly related to ongoing business results and (3) do not reflect expected future operating expenses. In addition, given the fact that the Company's competitors complete acquisitions and adopt restructuring plans at different times and in different amounts than the Company, excluding these charges permits more accurate comparisons of the Company's core results with those of its competitors. Items excluded by the Company may be different from those excluded by the Company's competitors and restructuring and integration expenses include both cash and non-cash expenses. Cash expenses reduce the Company's liquidity. Therefore, management also reviews GAAP results including these amounts.

    Impairment Charges, which consist of non-cash charges resulting primarily from the Company's net book value exceeding its market capitalization due to weak macroeconomic conditions, are excluded because such charges are non-recurring and do not reduce the Company's liquidity. In addition, given the fact that the Company's competitors may record impairment charges at different times, excluding these charges permits more accurate comparisons of the Company's core results with those of its competitors.

    Amortization Charges, which consist of non-cash charges impacted by the timing and magnitude of acquisitions of businesses or assets, are also excluded because such charges do not reduce the Company's liquidity or availability under its credit facilities. In addition, such charges can be driven by the timing of acquisitions, which is difficult to predict. Excluding these charges permits more accurate comparisons of the Company's core results with those of its competitors because the Company's competitors complete acquisitions at different times and for different amounts than the Company.

    Other Items, which consist of other infrequent or unusual items (including charges for customer bankruptcy reorganizations and discrete tax events), to the extent material or non-operational in nature, are excluded because such items are typically non-recurring, difficult to predict and generally not directly related to the Company's ongoing core operations. However, items excluded by the Company may be different from those excluded by the Company's competitors. In addition, these expenses include both cash and non-cash expenses. Cash expenses reduce the Company's liquidity. Management compensates for these limitations by reviewing GAAP results including these amounts.

    Sanmina-SCI Corporation

    CONTACT: Paige Bombino, Director, Investor Relations of Sanmina-SCI,
    +1-408-964-3610

    Web site: http://www.sanmina-sci.com/




    Extreme Networks Reports Q1 Revenue on the High Side of GuidanceStrength in Europe and Asia-Pacific Drive Revenue

    SANTA CLARA, Calif., Nov. 1, 2010 /PRNewswire-FirstCall/ -- Extreme Networks, Inc. today announced financial results for its 2011 fiscal first quarter ended September 26, 2010. For the quarter, net revenue increased 26 percent to $83.8 million, as compared to revenue of $66.3 million in the first quarter of last year. Previously issued guidance to investors was for net revenue of $81-$84 million."

    "Both EMEA and APAC posted solid performance, as we benefited from improvement in orders for Service Providers in EMEA through our Strategic Alliance partners, and we closed large orders in Korea that we had mentioned on our fourth quarter earnings call," said Oscar Rodriguez, President & CEO of Extreme Networks. "While our over-all performance was solid, performance in North America did not meet our expectation, as we believe our decision to make changes in our sales organization affected our ability to execute within the quarter. We believe the changes we are making will result in a stronger North American sales organization."

    Rodriguez commented further, "As the global economies strengthen, we will continue to position in areas for additional growth. Based on the strength of our technology and our focus on affordable leading-edge products, I believe we can increase our sales contribution through both traditional channel partners and Alliance channels, to drive company revenue growth and to take market share."

    First quarter non-GAAP operating income was $4.6 million, or 5.5 percent of net revenue, representing significant improvement as compared to an operating loss of $4.6 million in the first quarter of last year. Non-GAAP operating income in the 2010 fiscal fourth quarter was $5.6 million or 6.6 percent of net revenue.

    In the first quarter the Company reported non-GAAP net income of $4.8 million or $0.05 per diluted share. That compares to a non-GAAP net loss of $4.9 million or $0.05 loss per diluted share in the first quarter of last year, and to non-GAAP net income of $6.3 million or $0.07 per diluted share in the 2010 fiscal fourth quarter, which historically is the Company's strongest seasonal period. Non-GAAP financial results exclude the impact of stock-based compensation, restructuring charges and litigation settlement costs. A reconciliation of GAAP to non-GAAP financial measures is included in the accompanying financial tables.

    Operating income on a GAAP basis was $2.5 million for the quarter, representing significant improvement as compared to an operating loss of $5.3 million for the first quarter of last year. Reported operating income was $2.8 million in the 2010 fiscal fourth quarter.

    Net income on a GAAP basis for quarter was $2.7 million or $0.03 per diluted share and compares to a net loss on a GAAP basis for the 2010 fiscal first quarter of $5.5 million or $0.06 loss per diluted share. In the 2010 fiscal fourth quarter, net income on a GAAP basis was $3.4 million or $0.04 per diluted share.

    For the quarter, total net revenue in North America was $29.5 million, revenue in EMEA was $36.5 million, and revenue in APAC was $17.9 million. That compares to revenue of $36.3 million in North America, $36.8 million in EMEA, and $12.4 million in APAC in the 2010 fiscal fourth quarter.

    Total cash and investments increased $0.3 million from the fourth quarter to $132.7 million and the Company has no debt. The increase in cash was tempered by payment of sales commissions resulting from accelerators earned in the fourth quarter and payment of a litigation settlement related to patent litigation.

    2011 Fiscal Second Quarter non-GAAP Financial Guidance

    For its 2011 fiscal second quarter ending December 26, 2010, the Company currently expects net revenue to be in a range of $85-$88 million and non-GAAP net income of $0.05 to $0.07 per diluted share.

    Conference Call and Slide Presentation

    Extreme Networks will host a conference call to discuss these results today at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time). The conference call may be heard by dialing 1-877-303-9826 (international callers dial 1-224 357-2194). A 7-day replay will be available following the call by dialing 1-800-642-1687 (international callers dial 1-706-645-9291). The conference call passcode is 15208309. In addition, a live webcast and replay of the call will be available at http://investor.extremenetworks.com. Financial information to be discussed during the conference call will be posted in the Investor Relations section of the Company's website www.extremenetworks.com.

    Non-GAAP Financial Measures

    Extreme Networks provides all financial information required in accordance with generally accepted accounting principles (GAAP). To supplement our consolidated financial statements presented in accordance with GAAP, we are also providing with this press release non-GAAP net income/(loss), non-GAAP operating income/(loss) and non-GAAP earnings/(loss) per diluted share. In preparing our non-GAAP information, we have excluded, where applicable, the impact of restructuring charges, share-based compensation and litigation settlement costs. We believe that excluding these charges provides both management and investors with additional insight into our current operations, the trends affecting the Company and the Company's marketplace performance. In particular, management finds it useful to exclude these charges in order to more readily correlate the Company's operating activities with the Company's ability to generate cash from operations. Accordingly, management uses these non-GAAP measures, along with the comparable GAAP information, in evaluating our historical performance and in planning our future business activities. Please note that our non-GAAP measures may be different than those used by other companies. The additional non-GAAP financial information we present should be considered in conjunction with, and not as a substitute for, our financial information presented in accordance with GAAP. We have provided a non-GAAP reconciliation of the Consolidated Statement of Operations for the periods presented in this release, which are adjusted to exclude restructuring charges, share-based compensation expense and litigation settlement cost for these periods. These measures should only be used to evaluate the Company's results of operations in conjunction with the corresponding GAAP measures for comparable financial information and understanding of the Company's ongoing performance as a business. Extreme Networks uses both GAAP and non-GAAP measures to evaluate and manage its operations.

    Extreme Networks, Inc.

    Extreme Networks provides converged Ethernet network infrastructures that support data, voice and video for enterprises and service providers. The company's network solutions feature high performance, high availability and scalable switching solutions that enable organizations to address real-world communications challenges and opportunities. Operating in more than 50 countries, Extreme Networks provides wired and wireless secure LANs, data center infrastructure and Service Provider Ethernet transport solutions that are complemented by global, 24x7 service and support. For more information, visit: http://www.extremenetworks.com

    Extreme Networks is either a trademark or registered trademark of Extreme Networks, Inc. in the United States and/or other countries.

    This announcement contains forward-looking statements that involve risks and uncertainties, including statements regarding the Company's expectations regarding financial performance and revenue growth and market share. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including, but not limited to: a challenging macro-economic environment both in the United States and overseas; fluctuations in demand for the Company's products and services; a highly competitive business environment for network switching equipment; the Company's effectiveness in controlling expenses, the possibility that the Company might experience delays in the development of new technology and products; customer response to its new technology and products; the timing of any recovery in the global economy; risks related to pending or future litigation, and a dependency on third parties for certain components and for the manufacturing of the Company's products. The Company undertakes no obligation to update the forward-looking information in this release. More information about potential factors that could affect the Company's business and financial results is included in its filings with the Securities and Exchange Commission, including, without limitation, under the captions: "Management's Discussion and Analysis of Financial Condition and Results of Operations," and "Risk Factors," which are on file with the Securities and Exchange Commission."

    EXTREME NETWORKS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share amounts)

    September 26, June 27, 2010 2010 ---- ---- (unaudited) (1) ASSETS Current assets: Cash and cash equivalents $44,643 $49,004 Short-term investments 48,387 64,854 Accounts receivable, net 39,663 42,057 Inventories, net 20,496 21,842 Deferred income taxes 476 392 Prepaid expenses and other current assets, net 4,494 3,932 ----- ----- Total current assets 158,159 182,081 Property and equipment, net 43,397 43,572 Marketable securities 39,670 18,561 Other assets, net 16,210 15,731 ------ ------ Total assets $257,436 $259,945 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $17,329 $18,543 Accrued compensation and benefits 12,800 13,365 Restructuring liabilities 2,458 3,097 Accrued warranty 2,794 3,169 Deferred revenue, net 28,402 29,552 Deferred revenue, net of cost of sales to distributors 15,424 18,345 Other accrued liabilities 14,602 13,381 ------ ------ Total current liabilities 93,809 99,452 Restructuring liabilities, less current portion - 273 Deferred revenue, less current portion 7,610 7,633 Deferred income taxes 107 731 Other long-term liabilities 180 2,661 Commitments and contingencies - - Stockholders' equity: Convertible preferred stock, $.001 par value, issuable in series, 2,000,000 shares authorized; none issued - - Common stock, $.001 par value, 750,000,000 shares authorized; 130,421,666 issued at September 26, 2010 and 129,827,715 at June 27, 2010 130 130 Treasury stock, 39,625,305 at September 26, 2010 and June 27, 2010 (149,666) (149,666) Additional paid-in-capital 958,994 956,792 Accumulated other comprehensive income 2,721 1,100 Accumulated deficit (656,449) (659,161) -------- -------- Total stockholders' equity 155,730 149,195 ------- Total liabilities and stockholders' equity $257,436 $259,945 ======== ========

    (1) The information in this column is derived from the Company's consolidated balance sheet included in the Company's Annual Report on Form 10-K for the year ended June 27, 2010.

    EXTREME NETWORKS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (unadited)

    Three Months Ended ------------------ September September 26, 27, 2010 2009 ---- ---- Net revenues: Product $69,213 $50,759 Service 14,624 15,550 ------ ------ Total net revenues 83,837 66,309 ------ ------ Cost of revenues: Product 30,830 23,718 Service 6,170 5,831 ----- Total cost of revenues 37,000 29,549 ------ ------ Gross profit: Product 38,383 27,041 Service 8,454 9,719 ----- Total gross profit 46837 36,760 ----- ------ Operating expenses: Sales and marketing 24,906 21,669 Research and development 12,861 13,610 General and administrative 6,585 7,245 Restructuring reversal, net of charge - (513) --- Total operating expenses 43,352 42,011 ------ ------ Operating income (loss) 2,485 (5,251) Interest income 329 322 Interest expense (30) (39) Other expense (277) (78) ---- --- Income (loss) before income taxes 2,507 (5,046) Provision for income taxes (205) 436 Net income (loss) $2,712 $(5,482) ====== ======= Basic and diluted net income (loss) per share: Net income (loss) per share - basic $0.03 $(0.06) Net income (loss) per share - diluted $0.03 $(0.06) Shares used in per share calculation -basic 90,305 88,843 Shares used in per share calculation -diluted 90,610 88,843

    EXTREME NETWORKS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (unaudited)

    Three Months Ended ------------------ September 26, September 27, 2010 2009 ---- ---- Cash flows from operating activities: Net income (loss) $2,712 $(5,482) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 1,539 1,647 Change in value /loss (gain) on value of UBS option to put securities 2,429 (14) Auction rate securities mark to market, trading (gain) loss (2,429) 14 Provision for excess and obsolete inventory 11 785 Deferred income taxes (709) 18 Stock-based compensation 2,109 1,140 Restructuring reversal, net of charge - (513) Changes in operating assets and liabilities, net Accounts receivable 2,394 1,580 Inventories 1,343 (4,559) Prepaid expenses and other assets (1,041) (2,457) Accounts payable (1,214) 3,808 Accrued compensation and benefits (564) (325) Restructuring liabilities (912) (1,339) Accrued warranty (376) 250 Deferred revenue, net (1,173) (243) Deferred revenue, net of cost of sales to distributors (2,921) 2,543 Other accrued liabilities 2,480 7,157 Other long-term liabilities (2,481) 119 Net cash provided by operating activities 1,197 4,129 ----- ----- Cash flows used in investing activities: Capital expenditures (1,362) (1,227) Purchases of investments (43,541) (13,697) Proceeds from maturities of investments and marketable securities 5,800 2,550 Proceeds from sales of investments and marketable securities 33,459 1,086 Net cash used in investing activities (5,644) (11,288) ------ ------- Cash flows provided by financing activities: Proceeds from issuance of common stock 86 225 Net cash provided by financing activities 86 225 --- --- Net decrease in cash and cash equivalents (4,361) (6,934) ------ ------ Cash and cash equivalents at beginning of period 49,004 46,195 ------ ------ Cash and cash equivalents at end of period $44,643 $39,261 ======= =======

    EXTREME NETWORKS, INC. GAAP TO NON-GAAP RECONCILIATION (In thousands) (unaudited)

    Three Months Ended ------------------ September September 26, 27, 2010 2009 ---- ---- NET INCOME (LOSS) Net income (loss) -GAAP Basis $2,712 $(5,482) ====== ======= Non-GAAP adjustments Stock-based compensation expense $2,116 $1,140 Restructuring reversal, net of charge - (513) Total Non-GAAP adjustments $2,116 $627 ------ ---- Net income (loss) - Non- GAAP Basis $4,828 $(4,855) ====== ======= NON-GAAP ADJUSTMENTS Cost of product revenue $199 $72 Cost of service revenue 144 75 Sales and marketing 572 296 Research and development 611 375 General and administrative 590 322 Restructuring reversal, net of charge - (513) Total Non-GAAP adjustments $2,116 $627 ====== ====

    Extreme Networks, Inc.

    CONTACT: Investor Relations, +1-408-579-3030,
    investor_relations@extremenetworks.com, or Public Relations,
    +1-408-579-3483, gcross@extremenetworks.com, both of Extreme Networks

    Web site: http://www.extremenetworks.com/




    LeapFrog Reports Third Quarter 2010 Net Sales Up 23%, Net Income More Than DoublesReaffirms Full Year 2010 Guidance

    EMERYVILLE, Calif., Nov. 1, 2010 /PRNewswire-FirstCall/ -- LeapFrog Enterprises, Inc. today announced financial results for the third quarter ended September 30, 2010.

    (Logo: http://photos.prnewswire.com/prnh/20090219/LFLOGO)

    (Logo: http://www.newscom.com/cgi-bin/prnh/20090219/LFLOGO)

    Highlights of third quarter 2010 results compared to third quarter 2009 results:

    --  Net sales were $138 million, up 23%.
    --  Net income per share was $0.24, an increase of $0.13 per share.
    --  Retail point-of-sale, or POS, dollars(1) were up 6% in the U.S. for the
    39-weeks ended October 2, 2010 compared to the 39-weeks ended October 3,
    2009.
    

    "We have good momentum as we head into the critical holiday season," said Bill Chiasson, Chief Executive Officer. "Globally, our point-of-sale results are strong, aided by the recent introduction of the highly innovative Leapster Explorer(TM) Mobile Learning System, as well as the continued growth of the Tag(TM) Reading System. Additionally, we continue to grow our Learning Path ecosystem, which now has about 4 million connected customers, to create unique and personalized communications. This is up from approximately 3 million connected consumers as we entered the year. As a result, we are poised to deliver strong sales growth for the year, as well as improved profitability."

    (1) Please see Retail Point-of-Sale Dollars below for an explanation of this operating metric.

    Third Quarter 2010 Financial Overview

    Net sales for the quarter were $138.0 million, up 23% compared to $111.9 million for the same quarter a year ago. Strong Leapster Explorer sales, continued strength in the learning toy line aided by the introduction of several new products, including My Own Leaptop(TM), and broader retail distribution drove the sales growth.

    Net sales from the United States segment for the quarter were $110.8 million, up 23% compared to $89.9 million a year ago. Net sales from the international segment were $27.2 million for the quarter, up 23% compared to $22.1 million a year ago, and were unaffected by changes in foreign currency exchange rates.

    Income from operations for the quarter was $16.2 million, an improvement of $7.2 million, or 79%, compared to $9.1 million a year ago.

    Financial Outlook

    "Our third quarter sales growth reflects the breadth of our product portfolio and continued momentum of the Leapster Explorer platform," said Mark Etnyre, Chief Financial Officer. "The sales growth, combined with our ongoing cost discipline, contributed to the significant earnings per share improvement."

    We are reaffirming our full year 2010 guidance and continue to expect:

    --  Net sales to increase 15% to 20% compared to 2009;
    --  Gross margin to be between 41% and 43%;
    --  Significant operating expense leverage; and
    --  Net income per share to be between $0.20 and $0.30 compared to a net
    loss per share of $0.04 in 2009.
    

    Conference Call and Webcast

    LeapFrog will hold a conference call to discuss third quarter 2010 financial results on November 1, 2010, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The conference call will be webcast and can be accessed at LeapFrog's investor web site at www.leapfroginvestor.com. To participate in the call, please dial (706) 634-0183 and request conference ID 19390925. A replay of the call will be available for one month. To access the replay, please dial (706) 645-9291 and use conference ID 19390925.

    Description of Retail Point-of-Sale Dollars

    Retail point-of-sale, or POS, dollars is a non-audited operating metric that represents a measure of U.S. retailers' sales of LeapFrog products to consumers. Retail point-of-sale dollars differs significantly from LeapFrog's reported net sales, which reflect all products sold by LeapFrog to its retailer customers in all markets and also includes other sources of revenue. The point-of-sale data, based on retail prices, is provided to LeapFrog by retailers and also includes sales through online retailers and our online retail store at LeapFrog.com. LeapFrog believes this represents approximately 95% of our U.S. retailers' dollar sales of LeapFrog products to consumers, based on historical shipments by us to such retailers. LeapFrog management uses point-of-sale data to evaluate the retail channel sales environment and develop net sales forecasts. Results for retail point-of-sale dollars are for the 39-weeks ended October 2, 2010 and the 39-weeks ended October 3, 2009.

    Use of Non-GAAP Financial Information

    The financial tables attached to this release include tables that present non-GAAP financial measures, including adjusted EBITDA, non-GAAP net income (loss), and non-GAAP net income (loss) per share. Such tables include a reconciliation of the non-GAAP financial measures to the most directly comparable financial measures prepared in accordance with accounting principles generally accepted in the United States. Our non-GAAP financial measures do not reflect a comprehensive system of accounting, and they differ from GAAP measures with similar names and from non-GAAP financial measures with the same or similar names that are used by other companies. We strongly urge investors and potential investors in our securities to review the reconciliations of our non-GAAP financial measures to the comparable GAAP financial measures that are included in this release, and our consolidated financial statements, including the notes thereto, and the other financial information contained in our periodic filings with the SEC and not to rely on any single financial measure to evaluate our business.

    We believe that our non-GAAP financial measures provide useful information to investors because they allow investors to view our financial performance using measures that we use internally to assess our business. We believe that our non-GAAP financial measures provide meaningful supplemental information regarding our operating results because they exclude amounts that we exclude as we monitor our financial results and assess the performance of the business.

    Adjusted EBITDA

    EBITDA is defined as earnings before interest expense, taxes, depreciation and amortization. Adjusted EBITDA is defined as EBITDA before stock-based compensation. Management believes that adjusted EBITDA is an appropriate measure for evaluating our operating performance because it represents a measure of the resources available for strategic opportunities including, among others, to invest in the business, strengthen the balance sheet, and make strategic investments.

    We have included adjusted EBITDA in the attached financial tables as well as a reconciliation of adjusted EBITDA to GAAP net income (loss). Adjusted EBITDA should be considered in addition to, not as a substitute for, or superior to, net income (loss) or other measures of financial performance prepared in accordance with GAAP.

    Non-GAAP Net Income (Loss) and Non-GAAP Net Income (Loss) Per Share

    Non-GAAP net income (loss) represents net income (loss) plus stock-based compensation expense. Non-GAAP net income (loss) per share represents the foregoing non-GAAP net income (loss), divided by the weighted average number of shares used to calculate GAAP net income (loss) per share. Management believes that non-GAAP net income (loss) and non-GAAP net income (loss) per share are an appropriate measure for evaluating our operating performance.

    We have included non-GAAP net income (loss) and non-GAAP net income (loss) per share in the attached financial tables as well as a reconciliation of non-GAAP net income (loss) and non-GAAP net income (loss) per share to the most directly comparable GAAP measures: net income (loss) and net income (loss) per share. Non-GAAP net income (loss) and non-GAAP net income (loss) per share should be considered in addition to, not as a substitute for, or superior to, net income (loss) or other measures of financial performance prepared in accordance with GAAP.

    About LeapFrog

    LeapFrog Enterprises, Inc. is a leading designer, developer, and marketer of innovative, technology-based learning products and related proprietary content, dedicated to making learning effective and engaging for all ages, at home and in schools, around the world. LeapFrog has developed a family of learning platforms that come to life with an extensive library of software titles covering important subjects such as phonics, reading, writing, math, music, geography, social studies, spelling, vocabulary and science. In addition, the company has created a broad line of stand-alone educational products for children. LeapFrog's award-winning products are available in four languages at major retailers in more than 44 countries around the world and in more than 100,000 classrooms across the United States. The company was founded in 1995 and is based in Emeryville, California. NOTE: LEAPFROG, the LeapFrog logo, TAG, LEAPSTER, LEAPSTER EXPLORER and MY OWN LEAPTOP are trademarks or registered trademarks of LeapFrog Enterprises, Inc.

    Forward-Looking Statements

    Cautionary Statement under the Private Securities Litigation Reform Act of 1995:

    This news release contains forward-looking statements, which relate to future events or our future financial performance and can be identified by terminology such as "may," "will," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue," "poised," "optimistic," "reaffirm," or the negative of these terms or other comparable terminology. Such forward-looking statements include statements regarding anticipated financial results (including anticipated sales, sales growth, profitability, earnings, net income, cash flows, gross margins, POS dollars, product awareness, retail distribution, and the efficiency of our operating structure) and regarding sales of new products, software and downloadable content sales, and the effectiveness of our Learning Path strategy. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, achievements or the timing of events to differ materially from those expressed or implied by such forward-looking statements, including risks related to highly changeable consumer preferences and toy trends, our ability to achieve anticipated sales levels, particularly with respect to newly-launched products, the overall economic environment and its effect on retail business, the seasonality of our business during the holiday season in particular, when most of our sales for the year occur, introductions of products that compete with our platforms by a variety of other companies, our ability to respond quickly and cost effectively to changes in manufacturing costs and in consumer demand for our products, and our ability to provide high-quality experiences to consumers with all of our products and services. These risks and other factors include those listed under "Risk Factors" in our filings with the U.S. Securities and Exchange Commission, including our 2009 annual report on Form 10-K filed on February 22, 2010 and our quarterly report on Form 10-Q filed on July 28, 2010. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, achievements or the timing of any events. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact Information Investors: Media: Karen Sansot Rebecca Weill Investor Relations Media Relations (510) 420-4803 (510) 596-5468

    LeapFrog Enterprises, Inc. Consolidated Statements of Operations (In thousands, except per share data) (Unaudited)

    Three Months Ended ------------------ September 30, ------------- 2010 2009 ---- ---- Net sales $137,955 $111,906 Cost of sales 79,969 64,119 ------ ------ Gross profit 57,986 47,787 Operating expenses: Selling, general and administrative 18,699 21,738 Research and development 8,359 7,387 Advertising 11,728 7,107 Depreciation and amortization 2,958 2,485 ----- ----- Total operating expenses 41,744 38,717 ------ ------ Income (Loss) from operations 16,242 9,070 Other income (expense): Interest income 62 108 Interest expense (17) (4) Other, net 181 (864) --- ---- Total other income (expense) 226 (760) --- ---- Income (Loss) before income taxes 16,468 8,310 Provision for (Benefit from) income taxes 679 1,092 --- ----- Net income (loss) $15,789 $7,218 ======= ====== Net income (loss) per share: Class A and B - basic $0.25 $0.11 Class A and B - diluted $0.24 $0.11 Weighted average shares outstanding: Class A and B - basic 64,433 64,106 Class A and B - diluted 65,319 64,262

    Nine Months Ended ----------------- September 30, ------------- 2010 2009 ---- ---- Net sales $242,775 $191,197 Cost of sales 149,610 116,583 ------- ------- Gross profit 93,165 74,614 Operating expenses: Selling, general and administrative 57,556 62,135 Research and development 26,316 26,900 Advertising 19,781 13,608 Depreciation and amortization 8,504 8,023 ----- ----- Total operating expenses 112,157 110,666 ------- ------- Income (Loss) from operations (18,992) (36,052) Other income (expense): Interest income 176 456 Interest expense (42) (30) Other, net (1,203) (1,632) ------ ------ Total other income (expense) (1,069) (1,206) ------ ------ Income (Loss) before income taxes (20,061) (37,258) Provision for (Benefit from) income taxes 288 (5,138) --- ------ Net income (loss) $(20,349) $(32,120) ======== ======== Net income (loss) per share: Class A and B - basic $(0.32) $(0.50) Class A and B - diluted $(0.32) $(0.50) Weighted average shares outstanding: Class A and B - basic 64,271 63,873 Class A and B - diluted 64,271 63,873

    LeapFrog Enterprises, Inc. Consolidated Statements of Cash Flows (In thousands) (Unaudited)

    Three Months Ended ------------------ September 30, ------------- 2010 2009 ---- ---- Operating activities: Net income (loss) $15,790 $7,218 Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation and amortization 5,051 4,652 Unrealized foreign exchange (gain) loss (592) (100) Deferred income taxes 18 (6,362) Stock-based compensation expense 1,539 2,982 Impairment of investment in auction rate Securities - 403 Loss on disposal of long-term assets - 1,130 Allowance for doubtful accounts (38) 93 Other changes in operating assets and liabilities: Accounts receivable, net (79,037) (58,902) Inventories (36,228) (8,254) Prepaid expenses and other current assets (72) 767 Other assets 144 (1,640) Accounts payable 50,029 27,682 Accrued liabilities and deferred revenue 11,858 5,007 Long-term liabilities 419 5,365 Income taxes payable (15) 764 Other 788 (53) --- --- Net cash used in operating activities (30,346) (19,248) Investing activities: Purchases of property and equipment (3,141) (1,373) Capitalization of product costs (1,944) (2,116) Purchases of other intangible assets - (235) Sale of investments 1,004 - Net cash used in investing activities (4,081) (3,724) Financing activities: Proceeds from stock option exercises and 337 36 employee stock purchase plans Net cash paid for payroll taxes on restricted (146) (184) stock unit releases ---- ---- Net cash provided by (used in) financing 191 (148) activities Effect of exchange rate changes on cash 372 (176) --- ---- Net change in cash and cash equivalents (33,864) (23,296) Cash and cash equivalents, beginning of period 55,662 52,833 ------ ------ Cash and cash equivalents, end of period $21,798 $29,537 ======= =======

    Nine Months Ended ----------------- September 30, ------------- 2010 2009 ---- ---- Operating activities: Net income (loss) $(20,349) $(32,120) Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation and amortization 14,485 14,820 Unrealized foreign exchange (gain) loss (336) (1,668) Deferred income taxes 79 (6,236) Stock-based compensation expense 4,446 8,554 Impairment of investment in auction rate Securities - 426 Loss on disposal of long-term assets - 1,130 Allowance for doubtful accounts 292 (1,356) Other changes in operating assets and liabilities: Accounts receivable, net 10,228 35 Inventories (54,802) (13,812) Prepaid expenses and other current assets (2,968) 1,005 Other assets 1,185 (1,434) Accounts payable 30,086 2,975 Accrued liabilities and deferred revenue (6,642) (13,225) Long-term liabilities 487 (964) Income taxes payable 282 400 Other 535 1,648 --- ----- Net cash used in operating activities (22,991) (39,822) Investing activities: Purchases of property and equipment (7,504) (4,095) Capitalization of product costs (5,891) (5,628) Purchases of other intangible assets (5,335) (235) Sale of investments 1,004 - Net cash used in investing activities (17,726) (9,958) Financing activities: Proceeds from stock option exercises and 1,170 77 employee stock purchase plans Net cash paid for payroll taxes on restricted (258) (263) stock unit releases ---- ---- Net cash provided by (used in) financing 912 (186) activities Effect of exchange rate changes on cash (8) 402 --- --- Net change in cash and cash equivalents (39,814) (49,564) Cash and cash equivalents, beginning of period 61,612 79,101 ------ ------ Cash and cash equivalents, end of period $21,798 $29,537 ======= =======

    LeapFrog Enterprises, Inc. Consolidated Balance Sheets (In thousands) (Unaudited)

    September 30, December 31, ------------- ------------ 2010 2009 2009 ---- ---- ---- (Audited) Assets Current assets: Cash and cash equivalents $21,798 $29,537 $61,612 Accounts receivable, net of allowances for doubtful accounts of $894, $1,389 and $1,119 136,818 92,323 147,378 Inventories 82,957 71,570 28,180 Prepaid expenses and other current assets 10,341 9,948 7,378 Deferred income taxes 2,292 3,182 2,066 ----- ----- ----- Total current assets 254,206 206,560 246,614 Long-term investments 2,681 5,000 3,685 Deferred income taxes 959 511 1,263 Property and equipment, net 15,143 14,396 14,268 Capitalized product costs, net 14,476 15,083 14,917 Intangible assets, net 25,826 22,384 22,214 Other assets 1,937 3,643 3,034 ----- ----- ----- Total assets $315,228 $267,577 $305,995 ======== ======== ======== Liabilities and Stockholders' Equity Current liabilities: Accounts payable $88,327 $58,678 $58,263 Accrued liabilities 33,167 31,128 39,821 Income taxes payable 524 629 242 --- --- --- Total current liabilities 122,018 90,435 98,326 Long-term deferred income taxes 13,139 14,442 12,745 Other long-term liabilities 2,324 2,562 2,231 Stockholders' equity: Class A common stock - 139,500 shares authorized; outstanding 37,375, 36,881 and 36,894 4 4 4 Class B common stock - 40,500 shares authorized; outstanding 27,141, 27,141 and 27,141 3 3 3 Treasury stock (185) (185) (185) Additional paid-in capital 385,487 375,205 380,040 Accumulated other comprehensive income (loss) 115 (271) 158 Accumulated deficit (207,677) (214,618) (187,327) -------- -------- -------- Total stockholders' equity 177,747 160,138 192,693 ------- ------- ------- Total liabilities and stockholders' equity $315,228 $267,577 $305,995 ======== ======== ========

    LeapFrog Enterprises, Inc. Supplemental Financial Information (In thousands) (Unaudited)

    Three Months Ended ------------------ September 30, ------------- 2010 2009 ---- ---- Net sales $137,955 $111,906 Cost of sales (1) 79,969 64,119 ------ ------ Gross profit 57,986 47,787 Operating expenses: (2) (3) Selling, general and administrative 18,699 21,738 Research and development 8,359 7,387 Advertising 11,728 7,107 Depreciation and amortization 2,958 2,485 ----- ----- Total operating expenses 41,744 38,717 ------ ------ Income (Loss) from operations 16,242 9,070 Other income (expense): Interest income 62 108 Interest expense (17) (4) Other, net (4) 181 (864) --- ---- Total other income (expense) 226 (760) --- ---- Income (Loss) before income taxes 16,468 8,310 Provision for (Benefit from) income taxes 679 1,092 --- ----- Net income (loss) $15,789 $7,218 ======= ====== (1) Includes depreciation and amortization 2,093 2,167 (2) Includes stock-based compensation as follows: Selling, general and administrative 1,274 2,601 Research and development 265 381 (3) Includes severance costs as follows: Selling, general and administrative (7) (50) Research and development 3 22 (4) Includes impairment of auction rate securities (194) 403 Segment data: Net sales: U.S. segment 110,765 89,856 International segment 27,190 22,050 Income (Loss) from operations*: U.S. segment 11,419 2,283 International segment 4,823 6,787

    Nine Months Ended ----------------- September 30, ------------- 2010 2009 ---- ---- Net sales $242,775 $191,197 Cost of sales (1) 149,610 116,583 ------- ------- Gross profit 93,165 74,614 Operating expenses: (2) (3) Selling, general and administrative 57,556 62,135 Research and development 26,316 26,900 Advertising 19,781 13,608 Depreciation and amortization 8,504 8,023 ----- ----- Total operating expenses 112,157 110,666 ------- ------- Income (Loss) from operations (18,992) (36,052) Other income (expense): Interest income 176 456 Interest expense (42) (30) Other, net (4) (1,203) (1,632) ------ ------ Total other income (expense) (1,069) (1,206) ------ ------ Income (Loss) before income taxes (20,061) (37,258) Provision for (Benefit from) income taxes 288 (5,138) --- ------ Net income (loss) $(20,349) $(32,120) ======== ======== (1) Includes depreciation and amortization 5,981 6,797 (2) Includes stock-based compensation as follows: Selling, general and administrative 3,522 7,455 Research and development 924 1,100 (3) Includes severance costs as follows: Selling, general and administrative 437 779 Research and development 287 539 (4) Includes impairment of auction rate securities (194) 426 Segment data: Net sales: U.S. segment 192,099 150,875 International segment 50,676 40,322 Income (Loss) from operations*: U.S. segment (23,429) (42,495) International segment 4,437 6,443

    *Certain corporate-level operating expenses associated with sales, marketing, product support, human resources, legal, finance, information technology, corporate development, procurement activities, research and development, legal settlements and other corporate costs are charged entirely to our U.S. segment, rather than being allocated between the U.S. and International segments.

    LeapFrog Enterprises, Inc. Supplemental Disclosure Regarding Non-GAAP Financial Information Reconciliation of GAAP Net Income (Loss) to Adjusted EBITDA and GAAP Net Income (Loss) to Non-GAAP Net Income (Loss) (In thousands) (Unaudited)

    Three Months Ended Nine Months Ended ------------------ ----------------- September 30, September 30, ------------- ------------- 2010 2009 2010 2009 ---- ---- ---- ---- EBITDA RECONCILIATION: Net income (loss) - GAAP $15,789 $7,218 $(20,349) $(32,120) Interest expense 17 4 42 30 Provision for (Benefit from) income taxes 679 1,092 288 (5,138) Depreciation and amortization 5,051 4,652 14,485 14,820 ----- ----- ------ ------ EBITDA - non- GAAP 21,536 12,966 (5,534) (22,408) Stock-based compensation 1,539 2,982 4,446 8,555 ----- ----- ----- ----- Adjusted EBITDA - non-GAAP $23,075 $15,948 $(1,088) $(13,853) ======= ======= ======= ======== NON-GAAP NET INCOME (LOSS) RECONCILIATION: Net income (loss) - GAAP $15,789 $7,218 $(20,349) $(32,120) Stock-based compensation 1,539 2,982 4,446 8,555 ----- ----- ----- ----- Non-GAAP net income (loss) $17,328 $10,200 $(15,903) $(23,565) ======= ======= ======== ======== Net income (loss) - GAAP $15,789 $7,218 $(20,349) $(32,120) Shares outstanding - diluted 65,319 64,262 64,271 63,873 ------ ------ ------ ------ Net income (loss) per share - GAAP $0.24 $0.11 $(0.32) $(0.50) ===== ===== ====== ====== Non-GAAP net income (loss) $17,328 $10,200 $(15,903) $(23,565) Shares outstanding - diluted 65,319 64,262 64,271 63,873 ------ ------ ------ ------ Non-GAAP net income (loss) per share $0.27 $0.16 $(0.25) $(0.37) ===== ===== ====== ======

    Photo: http://photos.prnewswire.com/prnh/20090219/LFLOGO
    http://www.newscom.com/cgi-bin/prnh/20090219/LFLOGO
    AP Archive: http://photoarchive.ap.org
    PRN Photo Desk, photodesk@prnewswire.com LeapFrog Enterprises, Inc.

    CONTACT: Investors Relations, Karen Sansot, +1-510-420-4803, or Media
    Relations, Rebecca Weill, +1-510-596-5468, both of LeapFrog Enterprises,
    Inc.

    Web site: http://www.leapfrog.com/




    New Holiday Airfare Report: 2010 Is The 2nd Most Expensive Year For Thanksgiving & Christmas Airfares In The Last 8 YearsPriceline.com offers tips to bring high holiday airfares back down to earth

    NORWALK, Conn., Nov. 1, 2010 /PRNewswire/ -- The economy may still be challenged, but you wouldn't know it from looking at airfares for Thanksgiving and Christmas travel.

    According to priceline.com , the current national average airfare for Thanksgiving travel is $383. Only once in the last eight years has the average Thanksgiving airfare been higher ($385 in 2007). Nostalgia fans may want to look back on 2004, when the average airfare was a bargain $313.

    For Christmas, the 2010 average airfare is $444, compared to $452 in 2008 (and $361 in 2003). National average airfares for the 2010 holiday season were calculated based on fares booked in October through priceline.com's airline ticketing service.

    What's a holiday traveler to do? "You can dramatically reduce your airfare by being choosy with your travel dates," said Priceline Senior Travel Analyst Brian Ek. "Pick days when fewer people are flying and the fares will be cheaper. For example, the average fare on the Saturday before Thanksgiving, when everyone wants to fly, is $409. If you wait and fly on the following Monday, the fare drops to $341. Likewise in December, the average fare for a flight on the Saturday before Christmas is $523. If you fly on Christmas Eve day, the fare drops to $436. So you can actually save quite a bit by adjusting your travel days."

    The best days to fly over the Thanksgiving holiday are November 22, 23, 25 (Thanksgiving Day) and 30.

    The best days to fly over the Christmas holiday are December 20, 21, 24 (Christmas Eve), 28, 29, New Year's Eve and New Year's Day.

    Priceline's regularly updated Best Days To Fly calendar for the holidays can be viewed at http://travela.priceline.com/promo/deals/winter_holidays/flights.html.

    Ek also had some additional tips to help find cheaper airfare and keep those travel costs down after the airfare is booked.

    --  Pick times of the day that are normally less busy.  Time of day is
    important.  Travelers will find the most affordable seats departing
    early in the morning (5-7 a.m.) or late evening (after 8 p.m.).  Mid-day
    (11 a.m.-4 p.m.) is a bit more expensive, but still reasonable.  Most
    expensive are the peak business travel hours (8-10 a.m. and 5-7 p.m.).
    

    --  Try priceline.com's Name Your Own Price(R) airline tickets service.  You
    can save even more on your airline tickets by using priceline.com's Name
    Your Own Price(R) ticketing service.  Visit www.priceline.com/flights
    and click on the link to use the service.  For help in deciding when to
    fly or how to bid for maximum savings, check out priceline.com's Inside
    Track www.priceline.com/insidetrack.
    

    --  Send those presents on ahead.  You see presents; the airlines see extra
    baggage and maybe some extra fees.  Not to mention how unhappy the
    security screeners will be to see those wrapped boxes.  Save yourself
    the hassle by mailing or shipping presents in advance (after you've
    wrapped them, of course).
    

    --  Weigh and measure your baggage.  Check your airline's maximum
    requirements for checked and carry-on bags to make sure you won't incur
    extra fees.  Fees can be up to $25 for the first bag and $35 for the
    second.  Note: baggage fees are charged separately for your outbound and
    return flights.
    

    About The Priceline Group of Companies

    The Priceline Group of Companies is a leader in global online hotel reservations, with approximately 61 million room nights booked in 2009. The Group is composed of four primary brands - Booking.com, priceline.com, Agoda.com and TravelJigsaw. The Priceline Group provides online travel services in 38 languages in 99 countries in Europe, North America, Asia, the Middle East and Africa. Based in Amsterdam, Booking.com is a leading international online hotel reservation service operating in 89 countries in 37 languages. Booking.com offers its customers access to approximately 100,000 participating hotels worldwide.

    In the U.S., priceline.com gives leisure travelers multiple ways to save on their airline tickets, hotel rooms, rental cars, vacation packages and cruises. In addition to getting compelling published prices, travelers can take advantage of priceline.com's famous Name Your Own Price(R) service, which can deliver the lowest prices available. Priceline.com also operates the following travel websites: Travelweb.com, Lowestfare.com, RentalCars.com and BreezeNet.com.

    Singapore-based Agoda.com is an Asian online hotel reservation service that offers hotel rooms around the world and is available in 30 languages. With headquarters in Manchester, UK, TravelJigsaw is a multinational car hire service, offering its reservation services in more than 4,000 locations in 80 countries. Customer support is provided in 20 languages.

    Priceline.com

    CONTACT: For Press Information: Brian Ek, +1-203-299-8167,
    brian.ek@priceline.com; For Investor Relations: Matthew Tynan,
    +1-203-299-8487, matt.tynan@priceline.com

    Web site: http://www.priceline.com/




    Concurrent Reports Fiscal 2011 First Quarter Results

    ATLANTA, Nov. 1, 2010 /PRNewswire-FirstCall/ -- Concurrent , a worldwide leader in video and media data and advertising solutions, today announced financial results for its fiscal first quarter ended September 30, 2010.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20081216/CLTU015LOGO )

    (Logo: http://photos.prnewswire.com/prnh/20081216/CLTU015LOGO )

    Company-wide revenue for the 2011 fiscal first quarter rose to $15.5 million from $12.8 million last year. Gross margins for the first quarter of fiscal year 2011 were 54.7%, compared with 60.7% a year ago. Operating expenses were $9.5 million in the first quarter of fiscal year 2011, compared with $8.8 million in the prior year's first quarter. The company sustained a net loss of $1.2 million, or $0.14 per share, in the first quarter of fiscal year 2011, compared with a net loss of $1.0 million, or $0.12 per share, in the same quarter of the prior fiscal year. The company's cash balance as of September 30, 2010 was $29.6 million, versus $31.4 million at the end of the prior fiscal year and $27.2 million at the end of the first quarter of last fiscal year. Concurrent had no long-term debt as of September 30, 2010.

    "The revenue improvement in the first quarter versus the prior year reflects strong growth in our media data and advertising solutions, along with increased acceptance of our latest video solutions by current and new customers, including our first deployment in mainland China," said Dan Mondor, Concurrent president and chief executive officer. "Margins were impacted by costs associated with the ramp-up of MDAS managed services solutions and introduction of a new video product in the quarter, as well as a cyclical change in the mix of products and services.

    "Over the near term, we anticipate results will continue to be restrained by cautious customer spending patterns, as well as by ongoing investments we are making in the transformation of the company," said Mondor. "We are encouraged by excellent customer acceptance of both our strategy and our newly introduced video and media data solutions. We believe these reflect important long term growth engines for the company as the industry continues to recognize that the value of data as a currency is real and permanent."

    Concurrent accomplished several milestones during the quarter, including:

    --  Purchase of the TellyTopia technology, which brings user-generated and
    Internet-hosted video directly to TV over service providers' existing
    network infrastructures. The patent-pending technology also enables
    hyper-local content to be self-uploaded and monetized through targeted
    and internet-style banner advertisements on multiple screens.
    --  Selection of Concurrent's video delivery platform by ZON TVCabo, which
    expands the company's service offerings to more than 1.6 million
    customers in Portugal.
    --  Deployment of Concurrent's first video solution in a mainland China CATV
    operator in partnership with Potevio.
    --  Execution of an agreement with a major North American MSO for an
    advanced advertising solution.
    

    Conference Call Information

    Concurrent will hold a conference call to discuss its fiscal 2011 first quarter results today, Monday, November 1, at 4:30 p.m. ET, which will be broadcast live at www.ccur.com, under the Investor Relations page. The call can be accessed live by dialing 1-800-841-9385 and entering pass code 101101. A webcast of the live call as well as a replay will also be available at www.ccur.com.

    About Concurrent

    Concurrent is a global leader in innovative solutions that enable the seamless delivery, management and monetization of video on any screen. Built on a solid foundation of video firsts and Emmy(R) Award winning technology, Concurrent's screen-independent video delivery solutions create a truly holistic, 360-degree view of the consumer video experience. Concurrent provides customers in the cable, telco, wireless, web, advertising and content development industries with new revenue opportunities by harnessing the full potential of video. Concurrent's video solutions are built upon a rich heritage of high-performance, real-time technology which also powers solutions for the defense, aerospace, automotive and financial industries. Concurrent is a global company with offices in North America, Europe and Asia. For more information, please visit www.ccur.com.

    Safe Harbor Statement

    Certain statements made or incorporated by reference in this release may constitute "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and the company's future performance, including, but not limited to, opportunities afforded by the company's three screen strategy, as well as management's expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected.

    The risks and uncertainties which could affect the company's financial condition or results of operations include, without limitation: delays or cancellations of customer orders; changes in product demand; economic conditions; various inventory risks due to changes in market conditions; uncertainties relating to the development and ownership of intellectual property; uncertainties relating to Concurrent's ability and the ability of other companies to enforce their intellectual property rights; the pricing and availability of equipment, materials and inventories; the concentration of customers; failure to effectively manage change; delays in testing and introductions of new products; rapid technology changes; system errors or failures; reliance on a limited number of suppliers and failure of components provided by those suppliers; uncertainties associated with international business activities, including foreign regulations, trade controls, taxes, and currency fluctuations; the impact of competition on the pricing of video products; failure to effectively service the installed base; the entry of new well-capitalized competitors into the company's markets; the success of new video solutions and real-time products; the success of relationships with technology and channel partners; capital spending patterns by a limited customer base; the current negative macro-economic environment; and privacy concerns over data collection.

    Other important risk factors are discussed in Concurrent's Form 10-K filed with the Securities and Exchange Commission ( SEC) on August 31, 2010, and may be discussed in subsequent filings with the SEC. The risk factors discussed in the Form 10-K under the heading "Risk Factors" are specifically incorporated by reference in this press release. Forward-looking statements are based on current expectations and speak only as of the date of such statements. Concurrent undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise.

    Concurrent Computer Corporation and its logo are registered trademarks of Concurrent. All other Concurrent product names are trademarks of Concurrent while all other product names are trademarks or registered trademarks of their respective owners.

    Concurrent Computer Corporation Condensed Consolidated Statements of Operations (Unaudited) (In Thousands Except Per Share Data)

    Three Months Ended September 30, ------------------ 2010 2009 ---- ---- Revenues: Product $9,351 $6,682 Service 6,195 6,068 ----- ----- Total revenues 15,546 12,750 Cost of sales: Product 4,253 2,890 Service 2,788 2,121 ----- ----- Total cost of sales 7,041 5,011 ----- ----- Gross margin 8,505 7,739 Operating expenses: Sales and marketing 4,050 3,805 Research and development 3,358 3,100 General and administrative 2,054 1,917 ----- ----- Total operating expenses 9,462 8,822 ----- ----- Operating loss (957) (1,083) Other income, net 28 98 --- --- Loss before income taxes (929) (985) Income tax provision 282 30 --- --- Net loss $(1,211) $(1,015) ======= ======= Basic net loss per share $(0.14) $(0.12) ====== ====== Diluted net loss per share $(0.14) $(0.12) ====== ====== Basic weighted average shares outstanding 8,368 8,286 ===== ===== Diluted weighted average shares outstanding 8,368 8,286 ===== =====

    Concurrent Computer Corporation Condensed Consolidated Statements of Operations (Unaudited) (In Thousands Except Per Share Data)

    Three Months Ended ------------------ September 30, June 30, 2010 2010 ---- ---- Revenues: Product $9,351 $11,175 Service 6,195 6,916 ----- ----- Total revenues 15,546 18,091 Cost of sales: Product 4,253 4,183 Service 2,788 2,640 ----- ----- Total cost of sales 7,041 6,823 ----- ----- Gross margin 8,505 11,268 Operating expenses: Sales and marketing 4,050 4,003 Research and development 3,358 3,067 General and administrative 2,054 2,664 ----- ----- Total operating expenses 9,462 9,734 ----- ----- Operating income (loss) (957) 1,534 Other income (expense), net 28 (188) --- ---- Income (loss) before income taxes (929) 1,346 Provision for income taxes 282 460 --- --- Net income (loss) $(1,211) $886 ======= ==== Basic net income (loss) per share $(0.14) $0.11 ====== ===== Diluted net income (loss) per share $(0.14) $0.11 ====== ===== Basic weighted average shares outstanding 8,368 8,355 ===== ===== Diluted weighted average shares outstanding 8,368 8,423 ===== =====

    Concurrent Computer Corporation Condensed Consolidated Balance Sheets (In Thousands)

    September 30, June 30, 2010 2010 (unaudited) ASSETS Cash and cash equivalents $29,606 $31,364 Trade accounts receivable, net 10,675 14,194 Inventories 3,596 4,300 Prepaid expenses and other current assets 1,689 1,704 ----- ----- Total current assets 45,566 51,562 Property, plant and equipment, net 5,147 5,050 Intangible assets, net 3,237 3,463 Other long-term assets 1,955 2,014 ----- ----- Total assets $55,905 $62,089 ======= ======= LIABILITIES Accounts payable and accrued expenses $7,701 $9,985 Deferred revenue 7,793 11,094 ----- ------ Total current liabilities 15,494 21,079 Long-term deferred revenue 4,400 4,349 Revolving bank line of credit, non-current - - Other long-term liabilities 3,486 3,180 Total liabilities 23,380 28,608 STOCKHOLDERS' EQUITY Common stock 84 84 Additional paid-in capital 206,090 205,891 Accumulated deficit (174,484) (173,273) Treasury stock, at cost (255) (255) Accumulated other comprehensive income 1,090 1,034 ----- ----- Total stockholders' equity 32,525 33,481 ------ ------ Total liabilities and stockholders' equity $55,905 $62,089 ======= =======

    Photo: http://photos.prnewswire.com/prnh/20081216/CLTU015LOGO
    http://www.newscom.com/cgi-bin/prnh/20081216/CLTU015LOGO
    AP?Archive: http://photoarchive.ap.org
    PRN Photo Desk, photodesk@prnewswire.com Concurrent Computer Corporation

    CONTACT: Kirk Somers, EVP of Corporate Affairs, +1-678-258-4000,
    investor.relations@ccur.com

    Web site: http://www.ccur.com/




    Savvis Executives to Present at Major Investor Conferences in November

    ST. LOUIS, Nov. 1, 2010 /PRNewswire-FirstCall/ -- Savvis, Inc. , a global leader in cloud infrastructure and hosted IT solutions for enterprises, today announced that Greg Freiberg, chief financial officer, and Bryan Doerr, chief technology officer, will be presenting at the following investor conferences in November.

    November 9: Goldman Sachs Data Center Techtonics Conference 2010

    --  Bryan Doerr will participate in a panel discussion at 2:15 p.m. ET
    

    November 10: 2010 Wells Fargo Securities Technology, Media & Telecom (TMT) Conference

    --  Greg Freiberg will present at 10:35 a.m. ET
    

    Webcasts for the events will be available at the investor relations section of the Savvis website found at www.savvis.net. Replays of the webcasts will be available on the same site, following the live events.

    About Savvis

    Savvis, Inc. is a global leader in cloud infrastructure and hosted IT solutions for enterprises. More than 2,500 unique clients, including 30 of the top 100 companies in the Fortune 500, use Savvis to reduce capital expense, improve service levels and harness the latest advances in cloud computing. For more information, please visit www.savvis.net.

    Savvis, Inc.

    CONTACT: Investors, Peggy Reilly Tharp, 314-628-7491,
    peggy.tharp@savvis.net, or Media, George Csolak, +1-314-628-7266,
    george.csolak@savvis.net

    Web site: http://www.savvis.net/




    Savvis Executives to Present at Major Investor Conferences in November

    ST. LOUIS, November 1, 2010 /PRNewswire/ -- Savvis, Inc. , a global leader in cloud infrastructure and hosted IT solutions for enterprises, today announced that Greg Freiberg, chief financial officer, and Bryan Doerr, chief technology officer, will be presenting at the following investor conferences in November.

    November 9: Goldman Sachs Data Center Techtonics Conference 2010

    -- Bryan Doerr will participate in a panel discussion at 2:15 p.m. ET

    November 10: 2010 Wells Fargo Securities Technology, Media & Telecom (TMT) Conference

    -- Greg Freiberg will present at 10:35 a.m. ET

    Webcasts for the events will be available at the investor relations section of the Savvis website found at www.savvis.net. Replays of the webcasts will be available on the same site, following the live events.

    About Savvis

    Savvis, Inc. is a global leader in cloud infrastructure and hosted IT solutions for enterprises. More than 2,500 unique clients, including 30 of the top 100 companies in the Fortune 500, use Savvis to reduce capital expense, improve service levels and harness the latest advances in cloud computing. For more information, please visit www.savvis.net.

    Savvis, Inc.

    CONTACT: Investors, Peggy Reilly Tharp, +1-314-628-7491,
    peggy.tharp@savvis.net, or Media, George Csolak, +1-314-628-7266,
    george.csolak@savvis.net




    AT&T Announces New Service Center for Arabic-Speakers in the Midwest

    DETROIT, Nov. 1, 2010 /PRNewswire/ -- AT&T* announced today a new sales and service center dedicated to serving customers in Arabic in the Midwest. Staffed by Arabic-speaking representatives, the new center provides customers who prefer to speak their native tongue with the full portfolio of AT&T services. The center allows customers to talk with a live Arabic-speaking representative and receive billing and technical support, as well as order AT&T products and services.

    "We recognize the value of Arab American consumers and this new center was designed to better serve our important Arabic-speaking customer base in the Midwest," said Jody Garcia, vice president, AT&T Consumer Sales Centers. "The new center is part of our continuing efforts to provide services that are relevant to this community, and that reflect how AT&T's offerings fit into their lives and aspirations."

    The newly-launched Arabic center is available to assist customers in the following Midwest states: Illinois, Indiana, Michigan, Ohio and Wisconsin. Customers who call 1-877-677-9195 for live Arabic service support can receive information regarding AT&T's home phone, Internet, wireless and AT&T U-verse(R) TV. U-verse TV offers popular Arabic-language programming as part of its diverse lineup, including Arabic Radio & Television, featuring live sporting events, dramas, news, variety, movies, and programming on national festivals and religious celebrations from around the Arab world.

    AT&T connects with its customers through multicultural outreach efforts, including in-language advertising and marketing campaigns that represent the diversity of the communities it serves and that authentically portray diverse individuals in positive roles. Sponsorships of events such as the Arab International Festival, the Chaldean American Festival, and serving as corporate sponsor for the Arab American Chamber of Commerce, enable AT&T to inform consumers about its products and services, while at the same time connect with them through meaningful moments in a culturally-relevant way.

    Customers who want additional information on AT&T U-verse TV - or to find out if it's available in their area - can visit http://uverse.att.com or stop by the nearest AT&T retail location. For the complete array of AT&T offerings, visit www.att.com.

    *AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.

    About AT&T

    AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest mobile broadband network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. A leader in mobile broadband, AT&T also offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(R) and AT&T | DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising. In 2010, AT&T again ranked among the 50 Most Admired Companies by FORTUNE(R) magazine.

    Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com. This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at www.att.com/rss. Or follow our news on Twitter at @ATTNews. Find us on Facebook at www.Facebook.com/ATT to discover more about our consumer and wireless services or at www.Facebook.com/ATTSmallBiz to discover more about our small business services.

    (C) 2010 AT&T Intellectual Property. All rights reserved. Mobile broadband not available in all areas. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

    Geographic and service restrictions apply to AT&T U-verse. Call or go to www.att.com/uverse to see if you qualify.

    AT&T Inc.

    CONTACT: Ray Fohr, +1-713-513-9503, Ray.Fohr@fleishman.com

    Web site: http://www.att.com/




    Lockheed Martin Delivers 2010 Census Data on Schedule and Under BudgetData from more than 165 million forms processed and delivered to the U.S. Census Bureau

    ROCKVILLE, Md., Nov. 1, 2010 /PRNewswire/ -- With the completion of the 2010 Census forms processing operation in September, Lockheed Martin made its final set of deliveries for the population count--which included data from more than 165 million 2010 Census forms--to the U.S. Census Bureau. The data delivery represents the pinnacle of a six-year technology program as part of the Decennial Response Integration System (DRIS) contract being performed on schedule and under budget.

    The Lockheed Martin-led DRIS team is responsible for the people, process, technology and infrastructure needed to receive, capture and standardize census data from U.S. residents, as well as provide telephone assistance to support data capture efforts. By designing an advanced technology solution to accurately, securely and efficiently scan the forms, the team was able to process as many as 2.5 million forms every 24 hours during peak production. In addition, the team answered 4.4 million inbound telephone inquiries and made 7.4 million outbound calls in total to ensure no one was missed or counted more than once.

    2010 Census data are used to distribute Congressional seats to states and to allocate more than $400 billion in federal funds to local, state and tribal governments.

    "The foundation of how our government operates is based on the data we process from the census," said Julie Dunlap, director of Lockheed Martin's Census Practice and program manager for the 2010 Census DRIS. "We have to do it, we have to do it right, and we have to do it on time."

    At peak, the DRIS team, which included Lockheed Martin and its partner companies, consisted of nearly 15,000 employees working in one of three data capture centers or one of 11 call centers established throughout the country to support the 2010 Census. With the final delivery completed, the team is in the process of shutting down operations. Job fairs and job-seeking skills training are being provided for temporary employees.

    "I'm very proud of our team for their flawless performance and commitment to our customer and our nation," said Dunlap. "In complete partnership with the Census Bureau every step of the way, the DRIS team delivered the data accurately and securely, on schedule and under budget. This will enable the Census Bureau to deliver the data to the President by December 31, 2010 as mandated, as well as contribute to the 2010 Census operations savings that the Census Bureau realized overall."

    Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 133,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's 2009 sales from continuing operations were $44.0 billion.

    For additional information, visit our website: http://www.lockheedmartin.com

    Lockheed Martin Corporation

    CONTACT: Sheila Collins, +1-301-519-5896; sheila.collins@lmco.com

    Web site: http://www.lockheedmartin.com/




    HSA Bank Completes Additional Employer Portal Enhancements

    WATERBURY, Conn., Nov. 1, 2010 /PRNewswire/ -- HSA Bank announced today it has completed additional enhancements to its online Employer Administration Area that will make the website easier to use and more intuitive for employers to find information for their Health Savings Account (HSA) program.

    "The enhancements made to our Employer Administration Area website last year focused on the capabilities of our Group Online Contribution system," said Kirk Hoewisch, president of HSA Bank. "In our latest enhancements, we concentrated on making the website even easier for our employer business partners to register, use and manage their HSA."

    Employers now have the capability of registering with HSA Bank through a completely online set-up process. By registering with HSA Bank, employers gain access to the Employer Administration Area website and can open employee HSAs with HSA Bank. And to help employers open accounts, HSA Bank added the capability to upload enrollment files directly through the Employer Administration Area website.

    Additionally, HSA Bank focused on the website's navigation to make it more intuitive from the main menu and the submenu on each page. HSA Bank updated the demonstration videos to reflect the improvements to the website and provide step-by-step guidance for all the website's features. HSA Bank also provides the user with additional information about features and processes on the website's pages, which are identified by a question mark icon.

    "Employers have provided positive feedback about our Employer Administration Area in the past, so we are confident that these changes will make their experience with HSA Bank even better," added Hoewisch. "And we are going to continue adding features and capabilities that our business partners need to make managing their HSA program easier and more convenient."

    HSA Bank(R) is a division of Webster Bank, N.A. Member FDIC, the wholly-owned subsidiary of Webster Financial Corporation .

    HSA Bank is one of the nation's most experienced HSA administrators and one of the few administrators with an exclusive focus on HSAs. HSA Bank works with individuals and companies of all sizes and complexities. HSA Bank actively listens to the needs of our clients and customers to develop solutions and create flexible HSA programs that include online access for employers and individuals. HSA Bank offers reliable and responsive support to its business partners and accountholders from friendly, knowledgeable service staff.

    Discover how easy it can be to have or manage an HSA at www.hsabank.com!

    Webster Financial Corporation is the holding company for Webster Bank, National Association. With $17.8 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 181 banking offices, 497 ATMs, mobile banking, the Customer Care Center, and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, and the equipment finance firm Webster Capital Finance, and provides health savings account, trustee and administrative services through HSA Bank, a division of Webster Bank. Member FDIC and equal housing lender.

    For more information about Webster, including past press releases and the latest annual report, visit Webster's website at www.websterbank.com.

    Media Contact: HSA Bank: Patrick Rose 920-400-0398 mediarequests@hsabank.com Webster: Ed Steadham 203-578-2287 esteadham@websterbank.com

    Webster Financial Corporation; HSA Bank

    CONTACT: HSA Bank: Patrick Rose, +1-920-400-0398,
    mediarequests@hsabank.com; or Webster: Ed Steadham, +1-203-578-2287,
    esteadham@websterbank.com

    Web site: http://www.hsabank.com/
    http://www.websteronline.com/




    IBM Launches Federal Community Cloud for Government OrganizationsPrivate Multi-tenant Cloud Environment Now Available to Agencies Using IBM's FISMA-Compliant Federal Data Centers

    WASHINGTON, Nov. 1, 2010 /PRNewswire-FirstCall/ -- IBM today launched a new Federal Community Cloud specifically designed to help federal government organizations respond to technology requirements more quickly. The secure, private cloud environment is part of IBM's established and dedicated Federal Data Centers (FDC) that provide secure and comprehensive certified computing capabilities to federal government clients.

    To view the multimedia assets associated with this release, please click http://www.prnewswire.com/news-releases/ibm-launches-federal-community-cloud-for-government-organizations-106452068.html

    (Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO )

    (Logo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO )

    IBM's Federal Community Cloud (FCC) will enable data and services to reside in secure, scalable data centers that can be quickly accessed by federal organizations at a fraction of the cost. The capabilities are dynamic and scalable to help organizations meet government consolidation policies mandated by Obama administration Chief Information Officer Vivek Kundra in February. Benefits include:

    --  Secure, private multi-tenant cloud designed to meet the demanding
    requirements of the federal government
    --  Flexibility to control technology environments and operation costs to
    match fluctuations in demand
    --  Reduction in costs by eliminating the need to own infrastructures or
    software licenses
    --  Faster implementation time of development and test environments,
    application and Web hosting and backup
    --  Access to distributed information and advanced analytics solutions via
    cloud-based applications
    --  Access to consulting services and Infrastructure as a Service, with
    plans to soon include Platform as a Service and Software as a Service
    offerings
    

    IBM's Federal Community Cloud is in the process of obtaining Fed Ramp certification to meet FISMA (Federal Information Security Management Act) compliance standards, a requirement for government IT contractors, and will be operated and maintained in accordance with Federal Security Guidelines.

    The complex nature of work federal organizations will continue to increase in the years ahead, as well as the mandates required to pursue these efforts. For example, using technology to process benefits claims electronically; identifying waste, fraud and abuse in social services programs; conducting health care research; running military simulations; conducting global warming models; or predicting and managing traffic patterns in real-time. This is coupled with current agency needs such as maintaining security, quickly deploying new applications and services for collaboration, meeting environmental mandates, reducing costs, and adhering to the landslide of compliance requirements. As a result, data center capacity will continue to be in short supply, and running independent IT infrastructures becomes a riskier proposition for the federal government, as well as a costlier use of taxpayer dollars.

    "The physical and virtual infrastructures of our federal clients can be monitored and managed more seamlessly using cloud models that ensure better security, standardization and automation driving lower costs," said David F. McQueeney, IBM Chief Technology Officer, US Federal. "Cloud computing environments will dramatically accelerate and enhance government agency missions, opening the door to better decision making based on real-time data and laying a strong foundation for greater focus on innovation."

    IBM is currently working with 15 federal government organizations - including the Department of Housing & Urban Development, Department of Defense (Army, Navy, and Air Force), Department of Homeland Security, Department of Education, Department of Agriculture, and Department of Health & Human Services - to provide cloud and data center capabilities to quickly build, manage, operate and analyze complex computing environments. These clients and other government organizations in the federal community now have access to the IBM Federal Community Cloud through the GSA IT procurement schedule 70, or GWAC or IDIQ procurement vehicles for cloud services can be established.

    In addition to the Federal Community Cloud, IBM also announced today cloud capabilities for state and local governments. The Municipal Shared Services Cloud uses a unique combination of advanced data analytics and Software as a Service to integrate software from multiple software vendors and Web-based applications onto one easy-to-use platform that municipal governments nationwide can tap into and share. IBM is working with the New York Conference of Mayors and the Michigan Municipal League to coordinate the participation of their members in pilot testing the new service.

    For more information about IBM's solutions for federal government clients, visit www.ibm.com/federal.

    Related Link

    http://www.youtube.com/watch?v=JLdMwO5K24g

    Press Contact: Lia P. Davis IBM Media Relations, Government lia.p.davis@us.ibm.com 202.551.9347

    Video: http://www.prnewswire.com/news-releases/ibm-launches-federal-community-cloud-for-government-organizations-106452068.html IBM

    CONTACT: Lia P. Davis of IBM Media Relations, Government,
    lia.p.davis@us.ibm.com, +1-202-551-9347

    Web site: http://www.ibm.com/




    Morningstar, Inc. Completes Acquisition of Annuity Intelligence Business of Advanced Sales and Marketing Corp. (ASMC)

    CHICAGO, Nov. 1, 2010 /PRNewswire-FirstCall/ -- Morningstar, Inc. , a leading provider of independent investment research, has completed its previously announced acquisition of the annuity intelligence business of Advanced Sales and Marketing Corp. based in Oakbrook Terrace, Ill. (ASMC) for $14.1 million, subject to post-closing adjustments.

    ASMC's annuity intelligence business includes the Annuity Intelligence Report (AI Report), a web-based service that leverages a proprietary database of more than 1,000 variable annuities to help broker-dealers, insurers, and other financial professionals better understand and more effectively present variable annuity products to their clients. The annuity intelligence business serves 170 firms, and more than 150,000 financial advisors have access to the AI Report through these firms.

    About Morningstar, Inc.

    Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 370,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 4 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. The company has operations in 26 countries.

    Caution Concerning Forward-Looking Statements

    This press release contains forward-looking statements as that term is used in the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about future events or future financial performance. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, and often contain words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," or "continue." These statements involve known and unknown risks and uncertainties that may cause the events we discussed not to occur or to differ significantly from what we expected. For us, these risks and uncertainties include, among others, general industry conditions and competition, including current global financial uncertainty; the impact of market volatility on revenue from asset-based fees; damage to our reputation resulting from claims made about possible conflicts of interest; liability for any losses that result from an actual or claimed breach of our fiduciary duties; financial services industry consolidation; a prolonged outage of our database and network facilities; challenges faced by our non-U.S. operations; and the availability of free or low-cost investment information. A more complete description of these risks and uncertainties can be found in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2009. If any of these risks and uncertainties materialize, our actual future results may vary significantly from what we expected. We do not undertake to update our forward-looking statements as a result of new information or future events.

    (C)2010 Morningstar, Inc. All rights reserved.

    MORN-C

    Contacts: Margaret Kirch Cohen, 312-696-6383 or margaret.cohen@morningstar.com Shawn Malayter, 312-696-6050 or shawn.malayter@morningstar.com Investors: Investors may submit questions to investors@morningstar.com or by fax to 312-696-6009.

    Morningstar, Inc.

    CONTACT: Margaret Kirch Cohen, +1-312-696-6383,
    margaret.cohen@morningstar.com, or Shawn Malayter, +1-312-696-6050,
    shawn.malayter@morningstar.com, or Investors, fax +1-312-696-6009,
    investors@morningstar.com, all of Morningstar, Inc.

    Web site: http://www.morningstar.com/




    Verizon Partners With Island Harvest to Feed People Who Are Hungry Across Long Island2010 Goal Is to Collect 8 Million Pounds of Food

    GARDEN CITY, N.Y., Nov. 1, 2010 /PRNewswire/ -- With the holiday season approaching, Verizon's Long Island employees are pitching in and rolling up their sleeves to assist Island Harvest in its annual drive to collect food for people who are in need across Nassau and Suffolk counties.

    Island Harvest, Long Island's largest hunger-relief organization, with a mission to end hunger and reduce food waste on the Island, has set a goal to collect 8 million pounds of food this year.

    To jump-start the process the Verizon Foundation has presented a $10,000 grant to Island Harvest to support its Weekend Backpack Feeding Program. This proven and popular initiative provides shelf-stable, weekend food packs to children who rely on school meals as their primary source of nourishment and may not get enough to eat on weekends.

    Verizon Foundation support will mean that throughout the 2010-11 school year, about 65 more students at Ulysses Byas Elementary School in Roosevelt - in addition to the 260 students who are already part of the program -- will no longer be hungry when they arrive at school on Monday mornings. As a result, they will be able to focus completely on their school work. The grant also will support 16 other participating schools across Long Island.

    Verizon's Long Island employees are assisting in the 8-million-pound food collection effort through several activities across the Island:

    --  Verizon teams have set up food drop-off locations at two of the
    company's FiOS stores at 199 Fulton Ave., Hempstead, and at 125 Kennedy
    Drive (rear), Hauppauge.  Hours at both centers are Monday-Saturday 9
    a.m. to 6 p.m.
    --  Verizon teams will be present at Island Harvest events as well as other
    events on Long Island where residents can drop off food donations.
    --  Special Island Harvest- and Verizon-branded brown paper shopping bags
    and food donation boxes will be placed at the Tanger Outlet Mall in Deer
    Park, select 7-Eleven convenience stores, and Stop & Shop and Shop Rite
    supermarkets. For specific location details visit
    http://www.islandharvest.org/page.aspx?name=pressreleases&newsid=104
    --  Through its marketing partnership with the New York Islanders, Verizon
    will collect food donations at two home games at Nassau Coliseum on Nov.
    24 and 26, the days just before and after Thanksgiving.  Those who
    donate three or more nonperishable items will receive a voucher for one
    free ticket to the Islanders' Dec. 16 or Jan. 11 game.  Tickets are
    subject to availability, and there is a limit of one voucher per family.
    --  To help raise awareness of the need for food donations, Verizon will
    promote Island Harvest's goal with e-mail messages and social media
    postings on the company's Facebook pages and Twitter handles.
    --  A series of exclusive feature stories about Island Harvest and the
    activities it is conducting to achieve its food collection goal will be
    broadcast on Verizon's FiOS1 Long Island, Verizon's news and community
    channel dedicated to Islandwide news.  These periodic updates on the
    food drive's progress will also be posted at
    www.fios1news.com/LongIsland.php.
    --  For Long Islanders who order Verizon services, like FiOS TV, Verizon
    will make cash donations, up to $65 for each qualifying order, to Island
    Harvest through the end of the year.  For more information, consumers
    can visit the Verizon Velocity program, or call 1-888-692-5385.
    --  Employee food drives are being conducted at Verizon garages and offices
    across Long Island.
    

    Long Islanders also can make monetary donations at http://www.islandharvest.org/page.aspx?name=contribute.

    "This is just the right thing to do," said Tracey Edwards, Verizon's vice president for operations on Long Island. "Our 2,500 employees across the Island are strong ambassadors in their Long Island communities, and we're asking them to spread the word to their friends and neighbors - across the backyard fence, and at weekend soccer games -- about the urgent need for food donations."

    Randi Shubin Dresner, president and CEO of Island Harvest, said: "It's because of our corporate partners, like Verizon, that Island Harvest is able to provide critical food support to over 285,000 Long Islanders -- including 110,000 children -- who rely on the numerous soup kitchens, food pantries and emergency feeding programs we supply. Verizon's corporate commitment to philanthropic causes, coupled with the generosity of its employees, will go a long way to help address the growing issue of hunger in our communities."

    Verizon Communications Inc. , headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 93 million customers nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers innovative, seamless business solutions to customers around the world. A Dow 30 company, Verizon employs a diverse workforce of more than 195,000 and last year generated consolidated revenues of more than $107 billion. For more information, visit www.verizon.com.

    VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.

    Verizon

    CONTACT: John Bonomo, +1-212-321-8033, john.j.bonomo@verizon.com

    Web site: http://www.verizon.com/
    http://www.fios1news.com/LongIsland.php/

    Company News On-Call: http://www.prnewswire.com/comp/094251.html




    Lyris Ranked Among Fastest Growing Companies in North America on Deloitte's 2010 Technology Fast 500(TM)Company Attributes 1,861 Percent Revenue Growth to Powerful Connected Marketing Vision

    EMERYVILLE, Calif., Nov. 1, 2010 /PRNewswire/ -- Lyris, Inc. , the online marketing expert, today announced that it ranked number 67 on Technology Fast 500(TM), Deloitte's ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2005-2009.

    "Lyris has grown more than 1,850 percent in the past five years due to our integrated marketing vision coupled with a consistent execution on that vision," said Wolfgang Maasberg, Lyris CEO. "With recent global expansion and continued product innovation that will create even greater customer value, Lyris will continue to grow as a company and lead in connecting disparate online marketing channels to power more effective marketing for customers."

    Lyris' all-in-one online marketing solution, LyrisHQ, gives marketers total control of interactive campaigns, connecting e-mail marketing with other leading online marketing channels like search engine marketing (SEM), social and mobile marketing, email deliverability and marketing analytics.

    "Lyris has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500(TM)," said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.

    For additional detail on the Technology Fast 500(TM) including selection and qualifying criteria, visit www.fast500.com

    About Lyris, Inc.

    Lyris, Inc. is the integrated online marketing expert delivering the industry's first on-demand integrated marketing suite, Lyris HQ, to help marketers simplify their marketing efforts and optimize campaign ROI. Lyris HQ's sophisticated, easy-to-use suite of tools provides marketers with best-of-breed applications for managing e-mail marketing campaigns, tracking Web analytics, publishing and managing Web site content, creating landing pages, optimizing Web sites, paid search and search engine marketing and integrating social media and mobile marketing campaigns. Clients include Expedia CruiseShipCenters, The British Museum Company, Matches, Char-Broil, and Eldorado Hotel & Casino. For more information, please visit www.lyris.com. The company is based in Emeryville, Calif.

    As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

    Lyris, Inc.

    CONTACT: Dan Gould, +1-415-262-5959, dgould@webershandwick.com, for Lyris

    Web site: http://www.lyris.com/
    http://www.deloitte.com/us/about/
    http://www.fast500.com/




    Webcast Alert: Lojas Americanas S/A Announces the Third Quarter 2010 Results Webcast

    SAO PAULO, Nov. 1, 2010 /PRNewswire-FirstCall/ -- Lojas Americanas S/A (BOVESPA: LAME3, LAME4) (LOJAS AMERICANAS) announces the following webcast:

    What: Lojas Americanas S/A Third Quarter 2010 Results When: Friday, November 5, 2010 at 12:00 PM ET Where: http://www.mediatown.com.br/prnewswire/player/?id=442 Live over the Internet --Simply log on to the web at the How: address above. Contact: Lojas Americanas S/A Investor Relations Team, +55 (21) 2206-6708, or e-mail, investidores@lasa.com.br

    If you are unable to participate during the live webcast, the call will be archived at http://ir.lasa.com.br. To access the replay, click on 3Q10 Webcast. Or if you prefer, access the website http://www.prnewswire.com.br.

    If you have a problem listening to the transmission, send an e-mail to atendimento@prnewswire.com.br

    Lojas Americanas operates in the Brazilian retail sector with a multichannel service model. At the end of the second quarter of 2010, the company operated with 479 stores in 23 states of the country plus the Federal District. The Company also operates in the electronic commerce segment, represented by B2W - Companhia Global do Varejo, offers financial products and credit through Financeira Americanas Itau (FAI), and operates a movie rental service through the BLOCKBUSTER(R) trademark in the country.

    Audio: http://www.mediatown.com.br/prnewswire/player/?id=442 Lojas Americanas S/A

    CONTACT: Lojas Americanas S/A Investor Relations Team,
    +011-55-21-2206-6708, investidores@lasa.com.br

    Web site: http://ir.lasa.com.br/




    IBM Helps Local Governments Provide Services More Efficiently and TransparentlyNew York Conference of Mayors and Michigan Municipal League First to Pilot New Cloud

    ARMONK, N.Y., Nov. 1, 2010 /PRNewswire-FirstCall/ -- IBM today announced a new way to help local governments improve services for their constituents and to reduce costs. The IBM Municipal Shared Services Cloud lets local governments appropriately share information internally and across governments nationwide.

    To view the multimedia assets associated with this release, please click http://www.prnewswire.com/news-releases/ibm-helps-local-governments-provide-services-more-efficiently-and-transparently-106452643.html

    (Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO )

    (Logo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO )

    With a unique combination of advanced data analytics and Software-as-a-Service technology, the IBM Municipal Shared Services Cloud integrates services from multiple providers on an easy-to-use platform that governments nationwide can share. The new cloud platform will improve municipal operations, add Web-based citizen services, allow integrated data analysis, and provide better transparency. Government employees will save time, increase productivity, and help citizens quickly get the information they need.

    Governments at every level have technology challenges: obsolete systems and software, poorly integrated applications, minimal Web-based constituent access, and limited data analysis. Applications tend to be costly to deploy and maintain, making it hard to integrate new services. The IBM Municipal Shared Services Cloud provides transparent and efficient interaction among governments, citizens, and business enterprises.

    IBM is working with the New York Conference of Mayors (NYCOM) and the Michigan Municipal League (MML) to help their member municipalities operate more effectively. NYCOM and MML will coordinate the participation of their members in the pilot, and both see the IBM platform as an effective way to provide constituency services.

    NYCOM is an association of, and for, cities and villages in New York. From training programs to legislative advocacy to inquiry handling, it assists city and village officials in providing essential services in a cost effective manner. MML provides educational opportunities for elected and appointed municipal officials. It assists municipal leaders in administering services to their communities through League programs and services.

    The IBM Municipal Shared Services Cloud will offer independent software vendors a low-cost, scalable, secure platform over which the can provide services for local governments. Municipal officials will the select the software products that best provide the services they need. This cloud technology will ultimately include a citizen portal, a Web-based way for citizens to understand their relationship with their government, enhancing transparency and trust in government.

    "Now, more than ever, cities and villages throughout New York are faced with daunting fiscal challenges," said Peter A. Baynes, executive director, NYCOM. "Meanwhile, the essential services provided by municipalities and relied upon by residents and businesses must continue. The IBM Municipal Shared Services Cloud has the unique capacity to reduce government technology costs, enable seamless integration of disparate software, and exponentially improve the ability of municipal departments to work together efficiently."

    The IBM platform supports loose coupling of applications. Applications will work independently, but when delivered together, they will be automatically integrated by the platform. Multiple applications will link seamlessly supporting data sharing and event handling. This loose coupling will significantly improve government productivity and service quality, and will reduce error-prone manual work.

    The property tax process is a good example. Tax processing spans multiple departments, including building, assessment, tax, and finance. Each department typically maintains its own applications, and information sharing is frequently manual. With the IBM platform, information will flow between the applications, and much of the manual work will be eliminated.

    "This is a time when local governments are feeling more intense fiscal pressures than ever," said Anthony Minghine, associate executive director and COO, Michigan Municipal League. "As a result, we're constantly searching for new ways to help our member municipalities work smarter and more efficiently. IBM's new cloud technology can redefine how communities cooperate and collaborate together. The cloud creates efficiencies, reduces costs and allows communities to work together without regard to their geographic boundary."

    The IBM platform can benefit other municipal function including public safety. Integrating police, fire and court applications will provide faster and more accurate access to appropriate information. Linking with clerk and assessor applications will give emergency responders pertinent details about home schematics, registered weapons, and pets.

    "On the national level, there has been a lot of discussion about consolidating local governments. This technology will enable governments to share services as if consolidated, to foster efficiencies and more effective services," said Robert W. Elliott, former Mayor of Croton-on-Hudson, New York and former Deputy Secretary of state of New York. "Only IBM's innovative Municipal Shared Services Cloud can build municipal capacity and the efficiencies required to face the inevitable challenges of the future."

    The IBM Municipal Shared Services Cloud will improve government operations in three ways.

    1. Integration - clients will access software as a service on the cloud, rather than paying for hardware, software and solution development. They will select what they need and subscribe as necessary. The cloud will support the infrastructure, manage operations and handle upgrades.

    2. Collaboration - Municipalities don't compete, so unlike commercial businesses, they are comfortable collaborating. The multi-tenancy capability of IBM's platform supports safe sharing between governments providing essentially standard services with variations accommodating local needs.

    3. Transparency - The platform will offer dashboards for government officials and citizens making operations more transparent and encouraging open, effective government. The platform's advanced analytics will provide insights for both officials and citizens.

    "Today, municipalities need to integrate their operations to save money and improve the quality of services they provide to their constituents. IBM's new Municipal Shared Services Cloud uses unprecedented collaboration and information sharing to accomplish this goal," said Robert Morris, vice president, IBM Research.

    The IBM Municipal Shared Services Cloud will be available through IBM Global Technology Services. This asset is the latest in a long line of technologies developed as part of the IBM First of a Kind program, where IBM Researchers and industry experts collaborate with clients to apply technology to solving business problems.

    About IBM

    For more information, please visit www.ibm.com/cloud

    Related Link

    http://www.youtube.com/watch?v=uxvRSKZn0y8

    Media Contacts: Randy Zane IBM Media Relations 914-945-1655 rzane@us.ibm.com Peter Baynes Executive Director New York State Conference of Mayors 518-463-1185 peter@nycom.org Matt Bach Director of Communications Michigan Municipal League 734-669-6317

    Video: http://www.prnewswire.com/news-releases/ibm-helps-local-governments-provide-services-more-efficiently-and-transparently-106452643.html IBM

    CONTACT: Randy Zane, IBM Media Relations, +1-914-945-1655,
    rzane@us.ibm.com; or Peter Baynes, Executive Director, New York State
    Conference of Mayors, +1-518-463-1185, peter@nycom.org; or Matt Bach,
    Director of Communications, Michigan Municipal League, +1-734-669-6317




    Medical Cannabis Management Positioned for Explosive Growth

    CARSON CITY, Nev., Nov. 1, 2010 /PRNewswire/ -- Rapid Fire Marketing d.b.a. Medical Cannabis Management (MCM) (http://medicalcannabismanagement.com) has received an enormous amount of inquiries from business owners and investors leading up to this month's election, which could make cannabis legal in the State of California. Proposition 19, which will allow the recreational use of cannabis in the State of California, is expected to pass this week. As a result, businesses that are positioned to handle this exploding sector are poised for rapid growth.

    Proposition 215, passed in November of 1996, already makes medical cannabis legal in the state of California and is being considered in other states. MCM is in the business of providing full service marketing, consulting and management services to this newly emerged industry, which includes medical doctors, cultivation and cannabis dispensaries. Many of the businesses MCM is seeking to manage are run by small business entrepreneurs. MCM's plan is to integrate tailored management services with dispensaries as well as helping physicians with marketing and office space to manage increasing patient loads

    About Rapid Fire Marketing

    The Company operates two divisions, with distinct revenue streams. www.BionicCigs.com is a leader in the electronic cigarette industry. The Company manufactures its own brand and distributes its product world-wide to this fast growing market. Electronic cigarettes produce no smoke, while still providing the addictive ingredient, nicotine, to the user. It is estimated that the electronic cigarette market is a $100 million market and rapidly growing.

    Medical Cannabis Management ("MCM") provides marketing, consulting and management services to the emerging medical cannabis industry in California. With the passing of Proposition 215, making medical cannabis legal in the State of California, MCM is positioned to support the demand of this explosive business sector, including medical doctors, cultivation and cannabis dispensaries.

    Safe Harbor:

    From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.

    www.MedicalCannabisManagement.com

    Rapid Fire Marketing

    CONTACT: Rapid Fire Marketing, +1-760-635-3633,
    Contact@MedicalCannabisManagement.com

    Web site: http://www.MedicalCannabisManagement.com/




    Bank of Ireland and IBM Sign Five-Year Agreement for IT Infrastructure Services

    ARMONK, N.Y., Nov. 1, 2010 /PRNewswire-FirstCall/ -- Bank of Ireland and IBM announced that they have signed a five-year contract for the future provision of the Group's Information Technology (IT) infrastructure services. This follows on from the Bank's natural expiration of its current agreement with HP.

    (Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO )

    (Logo: http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO )

    Following a competitive bid process with a number of parties, IBM was selected for exclusive contract negotiations in July of this year. During the intervening period, an extensive due diligence phase has been undertaken and relevant regulatory approval has been granted.

    IBM will manage the Group's entire IT infrastructure, including desktop systems, servers, mainframes, local area networks and service desk.

    "The signing of this contract marks the culmination of a lengthy process, during which Bank of Ireland assessed a number of potential service providers," according to Larry Kiernan, Chief Technology Officer and Head of Group IT, Bank of Ireland. "We have now agreed a Group-wide solution for the provision of our IT infrastructure services and, under this agreement, will have access to a wide range of innovative IT solutions. We will continue to work closely with our existing provider, HP to ensure a smooth transition to IBM," he added.

    "IBM offers an outstanding value proposition to clients like Bank of Ireland", said Peter O'Neill, Country General Manager, IBM Ireland. "Bank of Ireland is a great example of an industry leader that focuses on driving strategic value. IBM brings extensive experience in service delivery across the enterprise supported by world class delivery capabilities and ongoing process and technology investments."

    Anne Mathews Media Relations Manager, Bank of Ireland Ph: 076 623 4771 / 087 246 0358 Jim O'Keeffe Media Relations, IBM Ireland okeeffej@ie.ibm.com +353 1 815 4124 +353 86 8542054 Michael Moeller 914-766-4266 moeller2@us.ibm.com

    Photo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO
    http://www.newscom.com/cgi-bin/prnh/20090416/IBMLOGO
    AP Archive: http://photoarchive.ap.org
    PRN Photo Desk, photodesk@prnewswire.com IBM

    CONTACT: Anne Mathews, Media Relations Manager, Bank of Ireland, Ph: 076
    623 4771 / 087 246 0358; or Jim O'Keeffe, Media Relations, IBM Ireland,
    okeeffej@ie.ibm.com, +353 1 815 4124, +353 86 8542054; or Michael Moeller,
    +1-914-766-4266, moeller2@us.ibm.com

    Web site: http://www.ibm.com/investor/




    EmFinders Terminates Contract with Project Lifesaver International and Files Breach of Contract SuitEmFinders Continues Uninterrupted to Offer Its Industry-Leading EmSeeQ(R) Wearable Locator Device to Public Safety Agencies throughout the United States

    FRISCO, Texas, Nov. 1, 2010 /PRNewswire/ -- EmFinders, a technology company that offers a wearable cellular locator device for impaired adults and children, announced today the termination of its relationship with Project Lifesaver International (PLI). EmFinders also filed a lawsuit against Project Lifesaver International for Breach of Contract and Tortious Interference.

    PLI was formed in 1999 for the purpose of providing services and products to public safety agencies involved in the search and rescue of cognitively impaired individuals that wander or elope. The EmFinders(R) EmSeeQ(R) uses state of the art cellular technology that connects to the E-9-1-1 emergency location system and provides the location of the missing person directly to the 9-1-1 dispatcher. In its complaint filed in Federal District Court in Delaware (Docket No. 1:10-cv-00930), EmFinders accuses PLI of breaching various provisions of an agreement that the organizations signed earlier this year. Specifically, EmFinders charges that after successfully testing and evaluating the EmSeeQ system, PLI nevertheless failed to adopt the EmSeeQ as its preferred technology, failed to engage in marketing activities for which it was paid, and went so far as to disparage publicly both EmFinders and the EmSeeQ System.

    EmFinders offers its wearable watch-like EmSeeQ device to facilities and individuals who are responsible for the care of impaired individuals at risk of wandering, including those with autism or Alzheimer's disease. The rechargeable, watch-like device is built to be comfortable but comes equipped with an optional two-handed clasp for added security.

    For more information about the EmSeeQ device, visit www.emfinders.com.

    About EmFinders

    EmFinders, based in Frisco, TX, is a new technology company that has developed a device and subscription service for locating people with Alzheimer's or other impaired adults and children who wander and become lost. The wearable device and locator service uses advanced cellular technology to locate lost individuals, even if they wander inside a building, under a structure or just about anywhere. The device becomes activated on remote command and the locator service works in coordination with emergency responders. EmFinders is a privately held subsidiary of Liberty Media Corporation attributed to the Liberty Capital group , which owns a broad range of electronic retailing, media, communications and entertainment businesses. For more information, visit www.emfinders.com.

    EmFinders

    CONTACT: Belinda Banks of SS | PR, +1-609-750-9110, belinda@sspr.com, for
    EmFinders

    Web site: http://www.emfinders.com//




    Global Telecom Company, Tellabs, Expands With New Research Lab in Melbourne, AustraliaBy establishing its Innovation Services Research Lab in the state of Victoria, Tellabs strengthens its position in the Asia Pacific region and as a leader in emerging technologies

    CHICAGO, Nov. 1, 2010 /PRNewswire/ -- Global telecommunications company, Tellabs , has announced it will open its first Innovation Solutions Research Lab in the State of Victoria, Australia's capital city, Melbourne, creating 25 jobs in the city during the next three years.

    Victorian Minister for Information and Communication Technology, John Lenders, said Tellabs' growth and expansion in Victoria is a testament to the state's ability to attract major global companies. The Information and Communication Technology (ICT) industry injects more than $27.4 billion a year into the State of Victoria's economy and employs more than 131,500 Victorians in ICT professions.

    As the ICT capitol of Australia, Victoria is home to more than 8,400 ICT companies and the development efforts for the Australian National Broadband Network (NBN). Victoria is set to capitalize on securing the hub of the $43 billion NBN with a $110 million ICT action plan to create jobs and keep Victoria at the forefront of high-end global ICT research and development.

    "International technology leader Tellabs is looking to invest more capital, more jobs and spurn more economic development in Melbourne to take advantage of our reputation as the telecommunications hub of Australia," said Lenders. "The Victorian Government is standing up for Victorian jobs by working with businesses with operations across the world."

    Since setting up its Australian headquarters in Melbourne in 2006, Tellabs has increased its staff by 300 percent and become a leading provider to Telstra. Tellabs' Australian headquarters provides telecommunications clients with optical and mobile networking and service layer technologies, advanced R&D, sales and IT services, particularly for next-generation services.

    "Opening the lab in Melbourne is an important step for Tellabs in Australia as it will expand our ability to support and test cutting-edge technology," said Tellabs Australian Managing Director Nick Faulkner. "With continued major investment into the research and development of our Gigabit Passive Optical Network (GPON) products, we are able to offer a greener technology that uses 70 percent less power compared with overlay solutions with limitless bandwidth potential."

    "Tellabs is a great example of the continued growth of Victoria's global networks and reinforces the state's reputation as a growing economy with a competitive tax system, one of the most attractive lifestyles in the world and a highly skilled workforce," said Lenders.

    "We're committed to our investment in Melbourne and aim to continue to grow at the same rate in which we have over the past five years," said Tellabs' Global President and CEO Robert W. Pullen.

    For business inquiries regarding Victoria's ICT industry, contact Victor Perton, Commissioner to the Americas, State Government of Victoria, Australia (415.856.0552 ext. 103, victor.perton@diird.vic.gov.au).

    About Tellabs

    Tellabs innovations enable the mobile Internet and help our customers succeed. That's why 44 of the top 50 global communications service providers choose our mobile, optical, business and services solutions. We help them get ahead by adding revenue, reducing expenses and optimizing networks.

    Tellabs is part of the NASDAQ Global Select Market, Ocean Tomo 300(TM) Patent Index, the S&P 500 and several corporate responsibility indexes including the Maplecroft Climate Innovation Index, FTSE4Good and eight FTSE KLD indexes. www.tellabs.com

    About Invest Victoria

    Invest Victoria is the investment promotion agency of the State Government of Victoria, Australia. Invest Victoria provides a single entry point to a range of business and investment services for companies wanting to set up or expand their business operations through foreign direct investment (FDI) in the state of Victoria.

    The agency operates U.S. offices in Chicago, New York, San Francisco and Washington, D.C. For locations and contact information, visit http://www.invest.vic.gov.au/offices.

    For more information on Invest Victoria's services, visit http://www.invest.vic.gov.au.

    Media Contact: Michelle Craig, Nyhus Communications for Invest Victoria; 206.323.3733; michelle@nyhus.com

    Invest Victoria

    CONTACT: Michelle Craig of Nyhus Communications, +1-206-323-3733,
    michelle@nyhus.com, for Invest Victoria

    Web site: http://www.invest.vic.gov.au/
    http://www.tellabs.com/




    Pratt & Whitney Receives GreenCircle Award for Positive Contributions to Connecticut's Environmental Health

    EAST HARTFORD, Conn., Nov. 1, 2010 /PRNewswire/ -- The Connecticut Department of Environmental Protection has awarded Pratt & Whitney (P&W) a GreenCircle Award for significant contributions made in pollution reduction at the company's East Hartford, Conn., facility. The award was accepted at a ceremony held at The Siemon Company in Watertown, Conn. Pratt & Whitney is a United Technologies Corp. company.

    The project was undertaken in support of United Technologies' 'Green Initiatives,' a plan to reduce toxic air emissions and meet corporate pollution prevention goals. Since 2006, Pratt & Whitney has reduced greenhouse gases by 22 percent, water usage by 26 percent and air emissions by 56 percent.

    The Isopropyl Alcohol (IPA) reduction project began in June of 2008, and within one year, the East Hartford facility saw a significant decrease in the use of liquid IPA. IPA is used for cleaning various parts that are associated with the manufacturing processes at P&W.

    "Pratt & Whitney is committed to environmental leadership and we are continually looking for ways to reduce our global environmental footprint," said Jerry Tarnacki, vice president, Quality and Environmental Health & Safety, Pratt & Whitney. "Projects like these are the result of the successful cooperation between our employees, contractors and suppliers - who all have a vested interest in keeping Connecticut's environment safe and clean."

    Pratt & Whitney was one of 28 award recipients for accomplishments realized in the 2009 calendar year. Other winners included The Siemon Company, The Hartford Courant and Bristol Meyers Squibb. Since the CT DEP started the GreenCircle program in 1998, more than 750 awards have been given for more than 1,100 projects. The awards represent achievements in energy conservation, transportation, pollution prevention or recycling-related activities or projects that promote natural resource conservation or environmental awareness.

    Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and building industries.

    Cindy Szabo Bryan Kidder Pratt & Whitney Pratt & Whitney +1-860-565-9593 +1-860-557-1293 cindy.szabo@pw.utc.com bryan.kidder@pw.utc.com

    Pratt & Whitney

    CONTACT: Cindy Szabo, +1-860-565-9593, cindy.szabo@pw.utc.com, or Bryan
    Kidder, +1-860-557-1293, bryan.kidder@pw.utc.com, both of Pratt & Whitney

    Web site: http://www.pw.utc.com/




    BI Networks(TM) Expands Coverage With New SitesBroadcast International secures more than 700 additional sites with Flagship Customer

    SALT LAKE CITY, Nov. 1, 2010 /PRNewswire/ -- Broadcast International, Inc. ("BI") announced today that a major, flagship customer has expanded its subscription of their personal broadcast channel on the BI Network(TM). With an additional 700 sites subscribing to the private, corporate channel, the BI Network advances its lead as the largest, private broadcast network in the industry. Under the terms of this extension, the BI Networks Division will install these new digital signage systems in 2011 and the monthly services revenue will commence immediately.

    "Once these new sites are operational, revenues in 2011 for the BI Networks Division are projected to more than double the 2010 level. We continue to expand our network and win contracts based on superior service and the highest quality video services on the market today. Our 26 year history of exceptional customer service, coupled with the patented data compression technology of our CodecSys Division, allows us to uniquely offer the industry's leading technology with unparalleled service," said Rod Tiede, President and CEO.

    The BI Network(TM) enables companies of all sizes to create their own personal broadcast channel to distribute rich media content to their customers, partners, and employees. Video content flows to interactive digital signs, corporate end points, training seminars, and many other end points. This interactive digital network now boasts the greatest numbers of interactive sites than any other in the industry.

    About Broadcast International

    Broadcast International is a leading provider of video-powered broadcast solutions, including IP, and digital satellite, Internet streaming and other types of wired/wireless network distribution. BI's patented CodecSys software is a breakthrough, multi-codec video compression technology that cuts video bandwidth requirements over satellite, cable, IP and wireless networks. By slashing bandwidth needs, CodecSys enables a new generation of applications such as streaming video to cell phones, and offers unprecedented price/ performance benefits for existing applications such as HD video.

    Broadcast International is a public company headquartered in Salt Lake City, UT. For more information, visit: www.brin.com and www.codecsys.com

    Forward-Looking Statements

    All statements in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the caption "Additional Factors That May Affect Our Business" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto. In addition, we operate in a highly competitive and rapidly changing environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise any forward-looking statement.

    Broadcast International, Inc.

    CONTACT: Steve Jones of Broadcast International, +1-801-562-2252,
    stevej@brin.com

    Web site: http://www.brin.com//




    Enterprise 2.0 Conference Santa Clara Previews Big AnnouncementsExhibitors Choose Leading Enterprise Event as Platform to Make Important Industry News

    SAN FRANCISCO, Nov. 1, 2010 /PRNewswire/ -- The Enterprise 2.0 Conference, produced by UBM TechWeb, today previews news that will be made at next week's event, including announcements from Moxie Software, SuccessFactors and major news from IBM. Enterprise 2.0 examines how social and collaborative applications can be leveraged to drive efficiency, productivity and innovation in business - topics that will be covered in depth in event workshops, breakout sessions and a one of a kind line-up of keynote and customer speakers. This event is happening November 8-11, 2010 at the Santa Clara Convention Center. To register, or for more information visit: http://www.e2conf.com/santaclara/.

    "The Enterprise 2.0 Conference offers an ideal platform for those leading the transition to Enterprise 2.0 to showcase their latest products and services," said Steve Wylie, Enterprise 2.0 Conference General Manager. "We are excited about the continued innovation in the market and look forward to the opportunity to engage with these new tools and collaborative technologies at next week's event."

    The list of companies making news announcements from Enterprise 2.0 currently includes:

    Interact Intranet, the leader in intelligent intranet software, debuts the US availability and flexible pricing of its product at Enterprise 2.0. The company will showcase its latest mobile version and enterprise 2.0 apps that enable Interact Intranet to learn as people use it, adapt and automatically connect relevant information to people.

    Moxie Software will announce the Winter 2010 release of its social enterprise software, Spaces by Moxie. This release puts the company's Knowledgebase at the center of the platform bridging the gap between Social CRM and enterprise 2.0 with advanced capabilities for capturing and sharing knowledge between employees, trusted partners, and customers.

    Neudesic introduces Pulse: Business Communication, Evolved. Pulse offers more effective, efficient enterprise communication than traditional methods. Pulse v1.1 will be released November 9th at booth #301 E&F (Microsoft Pavilion) and will add seamless integration with business systems, including SharePoint, CRM, and custom business applications. More information at http://products.neudesic.com/pulse.

    NewsGator is unveiling News Stream for Social Sites 2010 and Idea Stream for Social Sites 2010. These modules leverage NewsGator's pioneering RSS and innovation management technologies to dramatically boost information sharing and innovation for Microsoft SharePoint 2010. Social Sites is the only social computing suite to fully integrate with SharePoint.

    Oxygen Cloud, the company that is combining cloud storage and collaboration to transform the way business users work, will be announcing its latest application, Oxygen Stream - enabling users to follow, communicate and engage in collaborative projects through a unified activity stream.

    Rhomobile will introduce a new category of software: MEAP 2.0, a comprehensive, multi-pronged solution enabling enterprises of all sizes to utilize the power and productivity of web technologies and the cloud to develop, distribute, deploy and manage native smartphone applications and data to their mobile workforce.

    Sococo will announce commercial availability of its first service, Team Space, an always-on group communication service for distributed teams. Based on Sococo, Team Space provides an intuitive spatial layout, enabling people to see office interactions as they occur and initiate ad hoc meetings with ease - significantly increasing communication and productivity.

    SuccessFactors will showcase the newly integrated CubeTree offering, helping bridge the gap between strategy and success by allowing every person in an organization to execute against their goals better and faster. SuccessFactors customer Houghton Mifflin Harcourt will speak on the keynote panel HR Meets Enterprise 2.0 and the Cloud.

    TicTacDo will announce at Enterprise 2.0 the exclusive launch of a Business Edition. TicTacDo is a Social Productivity Service helping you Get Things Done, Right! On top of a Collaboration and Task Management platform, they provide a unique Know-How system, based on ready-to-use checklists and experts.

    Traction Software will introduce action tracking that's simple to use and seamlessly integrated with Traction TeamPage. One click adds an action tag to any page, comment, status post or paragraph with automatic rollup by person, date, milestone or project, putting project management in the natural flow of work.

    Yammer, provider of enterprise social networking solutions to more than 90,000 companies and organizations, will showcase its newest applications, Polls, Events, and Questions. The applications enhance the actionable structure of Yammer messages. The company will also demonstrate its product in various languages.

    About The Enterprise 2.0 Conference

    The Enterprise 2.0 Conference explores the integration of Web 2.0 technologies in the enterprise, from both strategic and tactical perspectives. This Conference and Expo Pavilion focuses on the tools and techniques that best leverage the technical, productive and social aspects of IT and workgroup environments to build a cohesive collaboration strategy and empower a connected workforce. For more information visit: www.e2conf.com.

    About UBM TechWeb

    UBM TechWeb, the global leader in technology media and professional information, enables people and organizations to harness the transformative power of technology. Through its three core businesses - media solutions, marketing services and paid content - UBM TechWeb produces the most respected and consumed brands and media applications in the technology market. More than 14.5 million business and technology professionals (CIOs and IT managers, Web & Digital professionals, Software Developers, Government decision makers, and Telecom providers) actively engage in UBM TechWeb's communities and information resources monthly. UBM TechWeb brands includes: global face-to-face events such as Interop, Web 2.0, Black Hat and Enterprise Connect; award-winning online resources such as InformationWeek, Light Reading, and Network Computing; and market-leading magazines InformationWeek, Wall Street & Technology, and Advanced Trading. UBM TechWeb is a UBM company, a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.

    UBM TechWeb

    CONTACT: Joylyn Tanner of UBM TechWeb, +1-415-947-6319,
    jtanner@techweb.com

    Web site: http://www.ubmtechweb.com/
    http://www.e2conf.com/

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