Companies news of 2011-02-01 (page 1)

  • Broadcom Announces 12.5 Percent Increase in Quarterly Cash Dividend and $300 Million...
  • Broadcom Reports Fourth Quarter and Full Year 2010 ResultsRecord Quarterly Net Revenue --...
  • Jack Henry & Associates Fiscal 2011 Second Quarter Net Income Increases 20%
  • Concurrent Reports Fiscal 2011 Second Quarter Financial Results
  • Cogo Group, Inc. Fourth Quarter 2010 Preliminary Results: Reports Highest Quarterly...
  • Alliance Data Reports Record Full-Year 2010 Results- Revenue Increases 11 Percent to $2.8...
  • Verizon Invested More Than $626 Million in Its Landline Infrastructure in Maryland and the...
  • Infiniti is First Automotive Manufacturer to Offer Consumer Ratings and ReviewsReviews on...
  • From Chilly Climes to Sunny Spots, Verizon Wireless Customers Enjoy Hot 3G Connections...
  • EarthLink Names Seasoned Financial Executive Mark Droege as Senior Vice President,...
  • Manpower Inc. Launches Suite of Mobile Talent Applications for Recruiters and...
  • Verizon Wireless Invests Nearly $38 Million In 2010 to Enhance Kentucky Network
  • EMC Greenplum Introduces Free Community Edition of 'Big Data' Tools for Developers and...
  • Leading Analyst Firm Places Teradata as a Leader in Data Warehouse Database Management...
  • Keep Your Phone Connection Warm During the Cold: Tips From Verizon Wireless
  • OnStar to Show Smart Energy Management SolutionsNew technologies at DistribuTECH will help...
  • TagStation Now Available to Listeners of all Emmis Music Stations
  • Customer Spotlight: T-Mobile USA and Xerox Adopt the Windows Azure Platform in the...
  • TI DLP(R) Unveils Interactivity for 3D Learning and Multiuser Ability for DLP Interactive...
  • Scott Worthington Appointed CFO of Biosign
  • Dominion Virginia Power Makes It Faster, Easier to Manage Your Account Online- Customers...
  • Orkin Launches Bug Battle iPhone Application Feb. 1Downloads Benefit Battle Against...
  • Costco Turns to Creative Channel Services to Enhance Shopper Experience and In-Store...
  • Progress Energy Implements Intergraph(R)'s Vegetation Management SolutionLeading Utility...
  • Intergraph(R) Introduces Complete Solution for Designing, Managing Fiber Optic...
  • Webcast Alert: ROFIN-SINAR 2011 1st Quarter Financial Results Call
  • LDK Solar Announces Closing of Follow-on Public Offering and Underwriters' Exercise of...
  • Applied Energetics Announces Appointment of Senior Advisory Board
  • Verizon Invested $642 Million in Pennsylvania's Communications Infrastructure in 2010



    Broadcom Announces 12.5 Percent Increase in Quarterly Cash Dividend and $300 Million Accelerated Share Repurchase PlanContinues Strategy to Return Meaningful Capital to Shareholders

    IRVINE, Calif., Feb. 1, 2011 /PRNewswire/ -- Broadcom Corporation , a global leader in semiconductors for wired and wireless communications, today announced that its Board of Directors has approved a 12.5 percent increase in the quarterly cash dividend to $0.09 cents per share ($0.36 per share on an annual basis) payable to holders of the Company's Class A and Class B common stock. The Company also announced a $300 million accelerated share repurchase plan under its existing evergreen share repurchase program. These developments build on the company's strategy to return meaningful capital to shareholders.

    The $0.09 dividend was declared by the Board of Directors on January 31, 2011 and will be paid on March 7, 2011 to holders of record of the Company's Class A and Class B common stock at the close of business on February 18, 2011. The $0.09 dividend will be paid from U.S. domestic sources other than the Company's retained earnings and will be treated for accounting purposes as a reduction of shareholders' equity.

    "Broadcom's strong growth and powerful operating cash flow drive our ability to increase the return of capital to our investors while fueling our business organically and through M&A," said Scott A. McGregor, Broadcom's President and Chief Executive Officer. "A higher dividend, accelerated share repurchases and our evergreen share repurchase program reflect our continued commitment to returning capital to our shareholders."

    The cash dividend policy and payment of future cash dividends under that policy are subject to the Board's continuing determination that the dividend policy and the declaration of dividends are in the best interests of Broadcom's shareholders and are in compliance with all the laws and agreements of Broadcom applicable to the declaration and payment of cash dividends.

    About Broadcom

    Broadcom Corporation is a major technology innovator and global leader in semiconductors for wired and wireless communications. Broadcom(R) products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. We provide the industry's broadest portfolio of state-of-the-art system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. These solutions support our core mission: Connecting everything(R).

    Broadcom, one of the world's largest fabless communications semiconductor companies, with 2010 revenue of $6.82 billion, holds more than 4,800 U.S. and 2,000 foreign patents, and has more than 7,800 additional pending patent applications, and one of the broadest intellectual property portfolios addressing both wired and wireless transmission of voice, video, data and multimedia.

    A FORTUNE 500(R) company, Broadcom is headquartered in Irvine, Calif., and has offices and research facilities in North America, Asia and Europe. Broadcom may be contacted at +1.949.926.5000 or at www.broadcom.com.

    Cautions regarding Forward-Looking Statements:

    All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. Examples of such forward-looking statements include, but are not limited to, our intention to pay quarterly cash dividends, repurchase shares and return capital to shareholders. These forward-looking statements are not guarantees of future results or events and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.

    Important factors that may cause such a difference for Broadcom in connection with our dividend policy and share repurchases, include, but are not limited to:

    --  our views on potential future capital requirements for investments in
    acquisitions and the funding of our research and development;
    --  changes in federal and state income tax laws or corporate laws;
    --  changes to our business model; and
    --  changes in global economic conditions.
    

    Additional factors that may cause Broadcom's actual results to differ materially from those expressed in this press release include, but are not limited to the list that can be found at the list that can be found at http://www.broadcom.com/press/additional_risk_factors/Q42010.php.

    Our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release and the related conference call for analysts and investors speak only as of the date they are made. We undertake no obligation to revise or update publicly any forward-looking statement, except as required by law.

    Broadcom(R), the pulse logo, Connecting everything(R), and the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.

    Broadcom Business Press Contact Broadcom Investor Relations Contact Bob Marsocci Chris Zegarelli Vice President, Corporate Communications Director, Investor Relations 949-926-5458 949-926-7567 bmarsocci@broadcom.com czegarel@broadcom.com

    Photo: http://photos.prnewswire.com/prnh/20060609/BROADCOMLOGO
    PRN Photo Desk, photodesk@prnewswire.com Broadcom Corporation; BRCM Corporate

    CONTACT: Business Press, Bob Marsocci, Vice President, Corporate
    Communications, +1-949-926-5458, bmarsocci@broadcom.com; or Investor
    Relations, Chris Zegarelli, Director, Investor Relations, +1-949-926-7567,
    czegarel@broadcom.com, both of Broadcom Corporation

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




    Broadcom Reports Fourth Quarter and Full Year 2010 ResultsRecord Quarterly Net Revenue -- Up 45% from Prior YearConference Call to be Webcast Today at 1:45 p.m. Pacific Time

    IRVINE, Calif., Feb. 1, 2011 /PRNewswire/ --

    Q4 Summary

    --  Total Revenue: $1.95 billion (up 45% year over year)
    --  Gross Margin: 50.9% (Product Gross Margin: 49.4%)
    --  Operating Margin: 13.8%
    --  Net Income: $266 million
    --  Diluted GAAP Earnings per Share: $0.47 (includes $0.11 of non-recurring
    settlement and asset impairment charges)
    --  Cash Flow from Operations: $452 million
    

    Full Year 2010 Summary

    --  Total Revenue: $6.82 billion (up 52% year over year)
    --  Gross Margin: 51.8% (Product Gross Margin: 50.2%)
    --  Operating Margin: 15.9%
    --  Net Income: $1.08 billion
    --  Diluted GAAP Earnings per Share:  $1.99 (includes $0.13 of non-recurring
    settlement and asset impairment charges)
    --  Cash Flow from Operations: $1.37 billion
    

    Broadcom Corporation today reported unaudited financial results for its fourth quarter and year ended December 31, 2010.

    Net revenue for the fourth quarter of 2010 was a record $1.95 billion. This represents an increase in net revenue of 7.7% compared with the $1.81 billion reported for the third quarter of 2010 and an increase of 44.9% compared with the $1.34 billion reported for the fourth quarter of 2009. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the fourth quarter of 2010 was $266 million, or $.47 per share (diluted), compared with GAAP net income of $327 million, or $.60 per share (diluted), for the third quarter of 2010, and GAAP net income of $59 million, or $.11 per share (diluted), for the fourth quarter of 2009.

    Net revenue for the year ended December 31, 2010 was $6.82 billion. This represents an increase in net revenue of 51.8% from the $4.49 billion reported for the year ended December 31, 2009. Net income computed in accordance with GAAP for the year ended December 31, 2010 was $1.08 billion, or $1.99 per share (diluted), compared with GAAP net income of $65 million, or $.13 per share (diluted), for the year ended December 31, 2009.

    For a discussion of certain selected transactions and their related accounting impact for all periods presented, see the "Unaudited Supplementary Financial Data" schedule below.

    "I am very pleased with our record performance in 2010, as Broadcom gained significant market share and delivered record revenue, earnings per share, and cash flow from operations," said Scott A. McGregor, Broadcom's President and Chief Executive Officer. "Our achievements highlight the incredible capabilities of our employees to create innovative solutions in the wired and wireless communications markets."

    "Our record results, powerful balance sheet and strong operating cash flow enable us to increase our dividend by 12.5% and accelerate share repurchases, reflecting our continued commitment to returning capital to our shareholders. Looking ahead, we will focus on continuing to grow revenue faster than our peers and to gain share in our core markets, while maintaining financial discipline."

    Conference Call Information

    As previously announced, Broadcom will conduct a conference call with analysts and investors to discuss its fourth quarter and year-end financial results and current financial prospects today at 1:45 p.m. Pacific Time (4:45 p.m. Eastern Time). The company will broadcast the conference call via webcast over the Internet. To listen to the webcast, or to view the financial and other statistical information required by Securities and Exchange Commission (SEC) Regulation G, please visit the Investors section of the Broadcom website at www.broadcom.com/investors. The webcast will be recorded and available for replay until 10:00 p.m. Pacific Time on Tuesday, February 22, 2011.

    The financial results included in this release are unaudited. The audited financial statements of the company for the year ended December 31, 2010 will be included in Broadcom's Annual Report on Form 10-K, to be filed with the SEC as soon as practicable.

    About Broadcom

    Broadcom Corporation is a major technology innovator and global leader in semiconductors for wired and wireless communications. Broadcom(R) products enable the delivery of voice, video, data and multimedia to and throughout the home, the office and the mobile environment. We provide the industry's broadest portfolio of state-of-the-art system-on-a-chip and software solutions to manufacturers of computing and networking equipment, digital entertainment and broadband access products, and mobile devices. These solutions support our core mission: Connecting everything(R).

    Broadcom, one of the world's largest fabless communications semiconductor companies, with 2010 revenue of $6.82 billion, holds more than 4,800 U.S. and 2,000 foreign patents, and has more than 7,800 additional pending patent applications, and one of the broadest intellectual property portfolios addressing both wired and wireless transmission of voice, video, data and multimedia.

    A FORTUNE 500(R) company, Broadcom is headquartered in Irvine, Calif., and has offices and research facilities in North America, Asia and Europe. Broadcom may be contacted at +1.949.926.5000 or at www.broadcom.com.

    Note Regarding Use of Non-GAAP Financial Measures

    Broadcom reports income from operations in accordance with GAAP and supplementally on a non-GAAP basis, referred to in this release as "non-GAAP income from operations." Broadcom's presentation of non-GAAP income from operations excludes certain charges related to acquisitions, stock-based compensation expense, employer payroll tax expense on certain stock option exercises, settlement costs, impairment of goodwill or other long-lived assets, restructuring costs (reversals) and charitable contributions to the Broadcom Foundation. Stock-based compensation expense primarily includes the impact of stock options and restricted stock units issued by Broadcom. Reconciliations of GAAP income from operations to non-GAAP income from operations for the three months ended and years ended December 31, 2010 and 2009 appear in the financial statements portion of this release.

    Broadcom believes that the presentation of non-GAAP income from operations provides important supplemental information to management and investors regarding financial and business trends relating to our financial condition and results of operations. Broadcom's management believes that the use of these non-GAAP financial measures provides consistency and comparability among and between results from prior periods or forecasts and future prospects, and also facilitates comparisons with other companies in our industry, many of which use similar non-GAAP financial measures to supplement their GAAP results. Broadcom's management has historically used non-GAAP income from operations when evaluating operating performance, because we believe that the inclusion or exclusion of the items described above provides insight into our core operating results, our ability to generate cash and underlying business trends affecting our performance. Broadcom has chosen to provide this information to investors to enable them to perform additional analyses of past, present and future operating performance and as a supplemental means to evaluate our ongoing core operations. The non-GAAP financial information presented herein should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

    For additional information on the items excluded by Broadcom from one or more of its non-GAAP financial measures, refer to the Form 8-K regarding this release furnished today to the Securities and Exchange Commission.

    Cautions regarding Forward-Looking Statements:

    All statements included or incorporated by reference in this release and the related conference call for analysts and investors, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. Examples of such forward-looking statements include, but are not limited to, guidance provided on future revenue, gross product margin and operating expense targets for the first quarter of 2011, references to opportunities within the wired and wireless communication markets to grow revenue and gain share in core markets and statements about our intention to pay quarterly cash dividends and return capital to shareholders. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.

    These risks and uncertainties include, but are not limited to the following:

    --  We face intense competition.
    --  We depend on a few significant customers for a substantial portion of
    our revenue.
    --  Our quarterly operating results may fluctuate significantly.
    --  We may fail to adjust our operations in response to changes in demand.
    --  We face risks associated with our acquisition strategy.
    --  Our operating results may be adversely impacted by worldwide economic
    uncertainties and specific conditions in the markets we address.
    --  We may be required to defend against alleged infringement of
    intellectual property rights.
    --  Our stock price is highly volatile.
    --  We may not be able to protect or enforce our intellectual property
    rights.
    --  Our business is subject to potential tax liabilities.
    --  We manufacture and sell complex products and may be unable to
    successfully develop and introduce new products.
    --  We are subject to order and shipment uncertainties.
    --  We are exposed to risks associated with our international operations.
    --  We depend on third-party subcontractors to fabricate, assemble and test
    our products.
    --  Government regulation may adversely affect our business.
    --  We may be unable to attract, retain or motivate key personnel.
    --  Our co-founders and their affiliates may control the outcome of matters
    that require the approval of our shareholders.
    --  There can be no assurance that we will continue to declare cash
    dividends.
    --  Our articles of incorporation and bylaws contain anti-takeover
    provisions.
    

    Our Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss the foregoing risks as well as other important risk factors that could contribute to such differences or otherwise affect our business, results of operations and financial condition. The forward-looking statements in this release and the related conference call for analysts and investors speak only as of the date they are made. We undertake no obligation to revise or update publicly any forward-looking statement, except as required by law.

    Broadcom(R), the pulse logo, Connecting everything(R), and the Connecting everything logo are among the trademarks of Broadcom Corporation and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.

    BROADCOM CORPORATION Unaudited GAAP Condensed Consolidated Statements of Income (In thousands, except per share amounts)

    Three Months Ended ------------------ December 31, ------------ 2010 2009 ---- ---- Net revenue: Product revenue $1,889,139 $1,283,434 Income from Qualcomm Agreement 51,674 51,674 Licensing revenue 4,742 7,638 ----- ----- Total net revenue 1,945,555 1,342,746 Costs and expenses: Cost of product revenue 955,711 630,259 Research and development 472,260 396,254 Selling, general and administrative 168,728 84,424 Amortization of purchased intangible assets 14,678 2,091 Impairment of other long-lived assets 17,260 - Settlement costs, net 48,809 175,724 Restructuring costs (reversals), net - (4,829) Charitable contribution - - --- --- Total operating costs and expenses 1,677,446 1,283,923 --------- --------- Income from operations 268,109 58,823 Interest income, net 990 2,539 Other income (expense), net 2,749 (269) ----- ---- Income before income taxes 271,848 61,093 Provision for income taxes 5,659 1,889 ----- ----- Net income $266,189 $59,204 ======== ======= Net income per share (basic) $.50 $.12 ==== ==== Net income per share (diluted) $.47 $.11 ==== ==== Weighted average shares (basic) 528,272 495,356 ======= ======= Weighted average shares (diluted) 568,730 524,903 ======= ======= Dividends per share $0.08 $- ===== ===

    Years Ended ----------- December 31, ------------ 2010 2009 --- ---- Net revenue: Product revenue $6,589,270 $4,272,726 Income from Qualcomm Agreement 206,696 170,611 Licensing revenue 22,353 46,986 ------ ------ Total net revenue 6,818,319 4,490,323 Costs and expenses: Cost of product revenue 3,284,213 2,210,559 Research and development 1,762,323 1,534,918 Selling, general and administrative 590,572 479,362 Amortization of purchased intangible assets 27,570 14,548 Impairment of other long-lived assets 19,045 18,895 Settlement costs, net 52,625 118,468 Restructuring costs (reversals), net 111 7,501 Charitable contribution - 50,000 --- ------ Total operating costs and expenses 5,736,459 4,434,251 --------- --------- Income from operations 1,081,860 56,072 Interest income, net 9,032 13,901 Other income (expense), net 6,428 2,218 ----- ----- Income before income taxes 1,097,320 72,191 Provision for income taxes 15,520 6,930 ------ ----- Net income $1,081,800 $65,261 ========== ======= Net income per share (basic) $2.13 $0.13 ===== ===== Net income per share (diluted) $1.99 $0.13 ===== ===== Weighted average shares (basic) 508,444 494,038 ======= ======= Weighted average shares (diluted) 544,612 512,645 ======= ======= Dividends per share $0.32 $- ===== ===

    The following table presents details of total stock-based compensation expense included in each functional line item in the unaudited condensed consolidated statements of income above:

    Three Months Ended Years Ended ------------------ ----------- December 31, December 31, ------------ ------------ 2010 2009 2010 2009 ---- ---- ---- ---- Cost of product revenue $5,652 $5,961 $22,502 $24,545 Research and development 88,756 85,186 341,733 351,884 Selling, general and administrative 30,142 30,101 118,789 119,918

    BROADCOM CORPORATION Unaudited Condensed Consolidated Statements of Cash Flows (In thousands)

    Three Months Ended Years Ended ------------------ ----------- December 31, December 31, ------------ ------------ 2010 2009 2010 2009 ---- ---- ---- ---- Operating activities Net income $266,189 $59,204 $1,081,800 $65,261 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 20,762 27,121 78,732 74,435 Stock-based compensation expense: Stock options and other awards 34,210 33,329 121,341 159,790 Restricted stock units 90,340 87,919 361,683 336,557 Acquisition- related items: Amortization of purchased intangible assets 22,520 6,186 58,594 30,744 Impairment of long-lived assets 17,260 - 19,045 18,895 Non-cash restructuring (reversals) - (4,665) (313) (1,944) Gain on sale of marketable securities - - - (1,046) Gain on sale of strategic investments, net (2,490) - (2,490) - Changes in operating assets and liabilities: Accounts receivable (2,618) 37,620 (286,681) (131,656) Inventory (43,014) (46,877) (208,095) 12,013 Prepaid expenses and other assets (8,282) (11,258) 26,821 8,714 Accounts payable 16,816 10,460 145,808 122,985 Deferred revenue and income (3,858) (9,062) (31,841) 71,760 Accrued settlement costs 44,074 163,600 (122,306) 170,500 Other accrued and long- term liabilities (404) (21,649) 128,728 49,885 ---- ------- ------- ------ Net cash provided by operating activities 451,505 331,928 1,370,826 986,893 ------- ------- --------- ------- Investing activities Net purchases of property and equipment (26,894) (17,796) (108,924) (66,570) Net cash paid for acquired companies (449,081) (166,100) (599,479) (165,258) Sales (purchases) of strategic investments 4,490 - (3,510) (2,000) Purchases of marketable securities (1,516,979) (80,709) (2,933,715) (1,138,681) Proceeds from sales and maturities of marketable securities 745,135 133,775 1,467,595 871,152 ------- ------- --------- ------- Net cash used in investing activities (1,243,329) (130,830) (2,178,033) (501,357) ---------- -------- ---------- -------- Financing activities Proceeds from issuance of long-term debt, net 691,393 - 691,393 - Repurchases of Class A common stock (4,872) (215,352) (280,336) (421,869) Dividends paid (42,752) - (163,432) - Payment of debt assumed in acquisitions - - (14,560) - Proceeds from issuance of common stock 564,643 89,980 936,326 227,209 Minimum tax withholding paid on behalf of employees for restricted stock units (40,105) (23,854) (136,854) (84,428) ------- ------- -------- ------- Net cash provided by (used in) financing activities 1,168,307 (149,226) 1,032,537 (279,088) --------- -------- --------- -------- Increase in cash and cash equivalents 376,483 51,872 225,330 206,448 Cash and cash equivalents at beginning of period 1,245,940 1,345,221 1,397,093 1,190,645 --------- --------- --------- --------- Cash and cash equivalents at end of period $1,622,423 $1,397,093 $1,622,423 $1,397,093 ========== ========== ========== ==========

    UNAUDITED SUPPLEMENTAL FINANCIAL INFORMATION

    December September December 31, 30, 31, 2010 2010 2009 ---- ---- ---- (In thousands) Cash and cash equivalents $1,622,423 $1,245,940 $1,397,093 Short-term marketable securities 1,035,252 1,148,139 532,281 Long-term marketable securities 1,400,706 520,276 438,616 --------- ------- ------- Total cash, cash equivalents and marketable securities $4,058,381 $2,914,355 $2,367,990 ========== ========== ========== Increase from prior period end $1,144,026 ========== Increase from prior year end $1,690,391 ==========

    BROADCOM CORPORATION Unaudited Condensed Consolidated Balance Sheets (In thousands) December December 31, 31, --------- --------- 2010 2009 ---- ---- ASSETS Current assets: Cash and cash equivalents $1,622,423 $1,397,093 Short-term marketable securities 1,035,252 532,281 Accounts receivable, net 819,629 508,627 Inventory 597,955 362,428 Prepaid expenses and other current assets 108,248 113,903 ------- ------- Total current assets 4,183,507 2,914,332 Property and equipment, net 266,297 229,317 Long-term marketable securities 1,400,706 438,616 Goodwill 1,677,097 1,329,614 Purchased intangible assets, net 365,840 150,927 Other assets 50,863 64,436 ------ ------ Total assets $7,944,310 $5,127,242 ========== ========== LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $604,383 $437,353 Wages and related benefits 207,607 190,315 Deferred revenue and income 55,116 87,388 Accrued liabilities 404,090 433,294 ------- ------- Total current liabilities 1,271,196 1,148,350 Long-term debt 696,978 - Long-term deferred revenue 1,039 608 Other long-term liabilities 149,008 86,438 Commitments and contingencies 5,826,089 3,891,846 Shareholders' equity --------- --------- Total liabilities and shareholders' equity $7,944,310 $5,127,242 ========== ==========

    BROADCOM CORPORATION Unaudited Reconciliation of Non-GAAP Adjustments (In thousands) The following represents a reconciliation (unaudited) of GAAP income from operations to non-GAAP income from operations.

    Three Months Ended Years Ended ------------------ ----------- December 31, December 31, ------------ ------------ 2010 2009 2010 2009 ---- ---- ---- ---- GAAP income from operations $268,109 $58,823 $1,081,860 $56,072 Cost of Product Revenue: Stock-based compensation 5,652 5,961 22,502 24,545 Amortization of purchased intangible assets 7,842 4,095 31,024 16,196 Amortization of acquired inventory valuation step-up 2,715 1,546 9,644 9,225 Employer payroll tax expense on certain stock option exercises 391 72 733 235 Research and development: Stock-based compensation 88,756 85,186 341,733 351,884 Employer payroll tax expense on certain stock option exercises 4,414 933 8,804 3,692 Selling, general and administrative: Stock-based compensation 30,142 30,101 118,789 119,918 Employer payroll tax expense on certain stock option exercises 1,611 294 3,004 939 Other operating costs and expenses: 14,678 2,091 27,570 14,548 Amortization of purchased intangible assets Impairment of other long-lived assets(1) 17,260 - 19,045 18,895 Restructuring costs (reversals), net(2) - (4,829) 111 7,501 Settlement costs, net(3) 48,809 175,724 52,625 118,468 Charitable contribution(4) - - - 50,000 --- --- --- ------ Non-GAAP income from operations $490,379 $359,997 $1,717,444 $792,118 ======== ======== ========== ========

    In 2010 we recorded impairment charges of $17 million related to a technology license that was acquired in 2008 in connection with our Sunext Design, Inc. In 2009 we recorded long-lived asset impairment charges of $19 million related to the company's acquisition of the digital television business of Advanced Micro (1) Devices, Inc. Recorded in connection with the company's restructuring plans implemented in 2009 (including a reversal of restructuring costs of $4 million as part of a contractual obligation due from AMD to reimburse us for certain restructuring actions taken during a (2) stipulated post acquisition period). Recorded settlement costs of $53 million in 2010, which primarily related to licensing and settlement agreements and certain employment tax items. Recorded settlement costs of $118 million in 2009, of which $161 million related to the agreement in principle to settle the securities class action litigation, a $12 million payment to the Israeli government associated with a post- acquisition technology transfer fee related to our acquisition of Dune Networks, and $11 million in estimated settlements associated with certain employment tax items, other employment matters and a patent infringement claim. These amounts were partially offset by a $65 million gain on settlement in connection with the Qualcomm (3) litigation in 2009. Recorded in connection with an accrued $50 million charitable (4) contribution to the Broadcom Foundation in 2009.

    Non-GAAP Adjustments

    The above non-GAAP adjustments are based upon our unaudited consolidated statements of operations for the periods shown. These adjustments are not in accordance with, or an alternative for GAAP. The non-GAAP financial information presented herein should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

    BROADCOM CORPORATION Unaudited Non-GAAP Condensed Consolidated Statements of Income from Operations (In thousands)

    Three Months Ended Years Ended ------------------ ----------- December 31, December 31, ------------ ------------ 2010 2009 2010 2009 ---- ---- --- ---- Net revenue: Product revenue $1,889,139 $1,283,434 $6,589,270 $4,272,726 Income from Qualcomm Agreement 51,674 51,674 206,696 170,611 Licensing revenue 4,742 7,638 22,353 46,986 ----- ----- ------ ------ Total net revenue 1,945,555 1,342,746 6,818,319 4,490,323 Non-GAAP costs and expenses: Cost of product revenue 939,111 618,585 3,220,310 2,160,358 Research and development 379,090 310,135 1,411,786 1,179,342 Selling, general and administrative 136,975 54,029 468,779 358,505 ------- ------ ------- ------- Total Non-GAAP operating costs and expenses 1,455,176 982,749 5,100,875 3,698,205 --------- ------- --------- --------- Non-GAAP income from operations $490,379 $359,997 $1,717,444 $792,118 ======== ======== ========== ========

    Non-GAAP Financial Statements

    The above non-GAAP statements are based upon our unaudited consolidated statements of operations for the periods shown, giving effect to the adjustments shown in the attached reconciliation. This presentation is not in accordance with, or an alternative for GAAP. The non-GAAP financial information presented herein should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

    BROADCOM CORPORATION Unaudited Supplementary Financial Data (In thousands)

    Three Months Ended ------------------ December 31, December 31, September 30, 2010 2009 2010 ------------- ------------- -------------- Product revenue $1,889,139 $1,283,434 $1,748,692 Income from Qualcomm Agreement 51,674 51,674 51,674 Licensing revenue 4,742 7,638 5,651 ----- ----- ----- Total net revenue $1,945,555 $1,342,746 $1,806,017 ========== ========== ========== Cost of product revenue $955,711 $630,259 $871,951 ======== ======== ======== Product gross margin 49.4% 50.9% 50.1% ==== ==== ==== Total gross margin 50.9% 53.1% 51.7% ==== ==== ====

    Three Months Ended ------------------ December 31, December 31, 2010 2009 ------------- ------------- GAAP income from operations $268,109 $58,823 Adjustments 222,270 301,174 ------- ------- Non-GAAP income from operations $490,379 $359,997 ======== ========

    BROADCOM CORPORATION Guidance for the Three Months Ending March 31, 2011

    Three Months Ending Commentary March 31, 2011 Total Net Revenue (in millions) $1,750 million to $1,850 million Flat, net of Product increased step-up Gross and amortization Margin costs of roughly (GAAP) 60bp Research & development and selling, general, and Driven by annual employee administrative merit, fringe step-up, expenses Up $45 million to stock-based compensation (GAAP) (in $55 million from and increased legal millions) Q4'10 expenses --------------- ----------------- ------------------------- Share Count (GAAP ~585-590 million Diluted) shares ----------- -----------------

    Broadcom has based the preceding guidance for the three months ending March 31, 2011 on expectations, assumptions and estimates that we believe are reasonable given our assessment of historical trends and other information reasonably available as of February 1, 2011. Our guidance consists of predictions only, however, and is subject to a wide range of known and unknown business risks and uncertainties, many of which are beyond our control. The forecasts and projections contained in the table above should not be regarded as representations by Broadcom that the estimated results will be achieved. Projections and estimates are necessarily speculative in nature and actual results may vary materially from the guidance we provide today.

    The guidance set forth in the above table should be read together with the information under the caption, "Cautions regarding Forward-Looking Statements" above, our Annual Report on Form 10-K for the year ended December 31, 2010, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and our other Securities and Exchange Commission filings. We undertake no obligation to publicly update or revise any forward-looking statements, including the guidance set forth herein, except as required by law.

    Broadcom Business Press Contact Broadcom Investor Relations Contact Bob Marsocci Chris Zegarelli Vice President, Corporate Communications Director, Investor Relations 949-926-5458 949-926-7567 bmarsocci@broadcom.com czegarel@broadcom.com

    Photo: http://photos.prnewswire.com/prnh/20060609/BROADCOMLOGO
    PRN Photo Desk, photodesk@prnewswire.com Broadcom Corporation; BRCM Corporate

    CONTACT: Business Press, Bob Marsocci, Vice President, Corporate
    Communications, +1-949-926-5458, bmarsocci@broadcom.com, or Investor
    Relations, Chris Zegarelli, Director, Investor Relations, +1-949-926-7567,
    czegarel@broadcom.com, both of Broadcom Corporation

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




    Jack Henry & Associates Fiscal 2011 Second Quarter Net Income Increases 20%

    MONETT, Mo., Feb. 1, 2011 /PRNewswire/ -- Jack Henry & Associates, Inc. , a leading provider of integrated technology solutions that performs data processing for financial institutions, today announced second quarter fiscal 2011 results with a 15% increase in revenue, an increase of 15% in gross profit and a 20% increase in net income over the second quarter of fiscal 2010. For the first six months of fiscal 2011, revenue increased 21%, with an increase of 22% in gross profit, and an increase of 21% in net income compared to last year.

    For the quarter ended December 31, 2010, the company generated total revenue of $242.6 million, compared to $210.9 million in the same quarter a year ago. Gross profit increased to $102.8 million compared to $89.1 million in the second quarter of fiscal 2010. Net income totaled $36.0 million, or $0.42 per diluted share, compared to $30.0 million, or $0.35 per diluted share in the same quarter a year ago.

    For the first half of fiscal 2011, total revenue of $477.5 million was generated compared to $393.2 million in the first half of fiscal 2010. Gross profit increased to $199.9 million compared to $163.5 million during the same period last fiscal year. Net income for the first half of fiscal 2011 totaled $67.8 million, or $0.79 per diluted share, compared to $56.3 million, or $0.66 per diluted share for the same six months in fiscal 2010.

    According to Jack Prim, CEO, "We continue to be pleased with the results generated this fiscal year as we completed another record quarter for revenue, gross profit and net income. The acquisitions that we completed last year continue to perform in line with our earnings expectations and contributed to our record in-house backlog at the end of the quarter. We are seeing what appears to be a gradual improvement in spending from our financial institution customers as the economy continues to slowly improve."

    Operating Results

    "Support and services revenue grew 15% for the quarter and 24% year to date, compared to last year," stated Tony Wormington, president. "The largest contributor to the growth within this line was our electronic payments revenue which grew 40% compared to the prior year quarter, and has increased 60% year to date compared to the first half of last fiscal year. Electronic payments represent 32% of our total revenue for the quarter and year to date. Another large contributor to this line is our OutLink or outsourcing services which grew 12% for the quarter and 13% year to date, which is driven by both new customers electing this type of service delivery but also due to the continued movement of our existing in-house customers electing to migrate to this model. Both of these contributed to the overall increase of 15% for the quarter and 23% year to date in our recurring revenue compared to the prior year periods."

    License revenue for the second quarter increased 29% to $15.5 million, or 6% of second quarter total revenue, compared to $12.0 million, or 6% of second quarter total revenue a year ago. Support and service revenue increased 15%, expanding to $212.4 million in the second quarter of fiscal 2011 from $184.1 million for the same period a year ago. Support and service revenue grew to 88% of fiscal 2011 second quarter revenue from 87% of revenue last year. Hardware sales in the second quarter of fiscal 2011 increased 1% to $14.8 million or 6% of second quarter total revenue, from $14.7 million, or 7% of total revenue for the second quarter of fiscal 2010.

    For the first half of fiscal 2011, license revenue increased 6% to $24.9 million, or 5% of total revenue, from $23.4 million, or 6% of total revenue a year ago. There was growth in all components of support and service revenue in the first half of fiscal 2011 resulting in a 24% increase in support and service revenue, which expanded to $423.0 million in the first half of fiscal 2011 from $340.1 million for the same period a year ago. Support and service revenue grew to 89% of fiscal 2011 first half revenue from 86% of revenue last year. Hardware sales in the first six months of fiscal 2011 decreased 1% to $29.6 million or 6% of total revenue, from $29.7 million, or 8% of total revenue for the first half of fiscal 2010.

    Cost of sales for the second quarter increased 15%, from $121.8 million for the three months ended December 31, 2009 to $139.8 million for the same period in the current fiscal year. Gross profit in the current year second quarter also increased 15% to $102.8 million compared to $89.1 million last year. Gross margin was 42% for both periods.

    Cost of sales for the six months ended December 31, 2010 increased 21%, to $277.6 million from $229.7 million for the same period ended December 31, 2009. Gross profit for the first half of fiscal 2011 increased 22% to $199.9 million compared to $163.5 million last year. Gross margin was 42% for both periods.

    Gross margin on license revenue for both the three and six month periods ended December 31, 2010, was 87% compared to 91% in the same two periods a year ago. The decrease is primarily due to an increase in the amount of third party software delivered during the respective periods.

    Support and service gross margin remained consistent at 40% for the second quarter of fiscal 2011 and for the same period last year. Support and service gross margin for the 6 months of fiscal 2011 increased to 40% from 39% in the same period a year ago. Hardware gross margin decreased from 27% in the second quarter of fiscal 2010 to 26% in the same period in the current year, yet remained consistent at 27% for the first half of both fiscal years.

    Operating expenses increased 15% for the second quarter of fiscal 2011 compared to the same period a year ago primarily due to increases in selling and marketing and research and development costs, resulting largely from the acquisition of PEMCO Technology Services, Inc. ("PTSI") on October 29, 2009 and iPay Technologies Holding Company, LLC ("iPay") on June 4, 2010. Selling and marketing expenses increased 14% in the second quarter to $17.0 million from $14.9 million in the prior year's second quarter and remained steady at 7% of total revenue for both periods. Research and development expenses increased 28% to $15.8 million or 7% of revenue for the second quarter of fiscal 2011, from $12.3 million or 6% of revenue for the same quarter of fiscal 2010. General and administrative costs increased 3% to $15.0 million in the second quarter of fiscal year 2011, from $14.5 million for the same quarter a year ago. General and administrative costs decreased to 6% of revenue for the second quarter of fiscal year 2011, from 7% of revenue a year ago.

    For the first half of fiscal 2011, operating expenses increased 24% to $92.1 million, compared to $74.2 million for the same period a year ago, primarily due to increased employee-related expenses resulting from the three fiscal 2010 acquisitions, being the two acquisitions noted above and Goldleaf Financial Solutions, Inc. ("GFSI") on October 1, 2009. Selling and marketing expenses increased 24% in the six months ended December 31, 2010 to $33.3 million from $27.0 million in the prior year, and remained at 7% of revenue for both fiscal years. Research and development expenses increased 39% to $31.2 million for fiscal 2011 year to date, from $22.5 million last year. Research and development expenses increased to 7% of revenue from 6% of revenue in the prior year. General and administrative costs increased 11% to $27.5 million in the first half of fiscal year 2011, from $24.7 million for the same period a year ago, while remaining at 6% of revenue in both fiscal 2011 and fiscal 2010.

    For the second quarter of fiscal 2011, operating income increased 16% to $55.0 million, or 23% of revenue, compared to $47.4 million, or 22% of revenue, a year ago. Provision for income taxes decreased to 31.4% of income from continuing operations from 36.5% during last year's second quarter. The decrease in the effective rate is due primarily to the retroactive extension of the credit for Increasing Research Activities (IRC Section 41). Second quarter net income totaled $36.0 million, or $0.42 per diluted share, compared to $30.0 million, or $0.35 per diluted share, in the second quarter of fiscal 2010.

    Operating income increased 21% to $107.8 million for the first six months of fiscal 2011 compared to $89.3 million for the same period a year ago. Year to date operating income was 23% of total revenue in both fiscal years. Provision for income taxes decreased to 33.8% year to date in fiscal 2011 compared to 36.9% year to date in fiscal 2010 due primarily to the retroactive extension of the credit for Increasing Research Activities (IRC Section 41) and the additional benefits received from the Domestic Production Activities Deduction (IRC Section 199). First half net income totaled $67.8 million for fiscal 2011, or $0.79 per diluted share, compared to $56.3 million, or $0.66 per diluted share, for fiscal 2010.

    According to Kevin Williams, CFO, "Overall results for the quarter were ahead of our internal budget. Total revenue was slightly ahead even though license and hardware revenue continues to be less than anticipated as we entered the current fiscal year. However, as our managers and associates continue to do an outstanding job of controlling our overall costs, gross and operating profits are both ahead of our internal budget for the first half of the year. We continue to generate strong EBITDA (earnings before interest, taxes, depreciation and amortization). With depreciation of $10.7 million and amortization of $12.2 million during the quarter our EBITDA was $77.9 million which represents a 19% increase compared to the same period last year. Year to date EBITDA is $152.9 million compared to $123.0 million a year ago, which represents an increase of 24%, compared to the same period last year."

    For the second quarter of 2011, the bank systems and services segment revenue increased 11% to $189.0 million from $171.0 million. Gross margin was 43% in both periods. Credit union systems and services segment revenue in the same period for fiscal 2011 increased 35% to $53.6 million, with a gross margin of 39%, from $39.8 million in revenue with a gross margin of 38% in the second quarter in fiscal year 2010.

    For the six months ended December 31, 2010, the bank systems and services segment revenue increased 15% to $370.9 million from $321.4 million with a gross margin of 43% for the current period compared to 42% a year ago. The credit union systems and services segment revenue increased 49% to $106.6 million for the first half of fiscal 2011 from $71.7 million in the same period a year ago, with gross margin remaining consistent at 38% for both periods. The significant increase in credit union segment revenues relates primarily to the acquisitions of PTSI and iPay.

    Condensed, Consolidated Balance Sheet, Cash Flow, and Backlog Review

    Cash and cash equivalents increased to $46.9 million from $24.9 million at December 31, 2009. The cash balances decreased from the June 30, 2010 balance of $125.5 million primarily due to the repayment of approximately $130.0 million in borrowings.

    Deferred revenue increased 15% to $190.0 million at December 31, 2010 compared to a year ago. Stockholders' equity increased 20% to $819.1 million at December 31, 2010, from $684.8 million at December 31, 2009.

    Cash provided by operations totaled $85.8 million in the current year compared to $75.9 million during the first half of last fiscal year. The following table summarizes net cash (in thousands) from operating activities:

    Six months ended ---------------- December 31, ------------ 2010 2009 ---- ---- Net income $67,816 $56,251 Non-cash expenses 48,506 35,754 Change in receivables 81,623 87,554 Change in deferred revenue (85,601) (92,740) Change in other assets and liabilities (26,515) (10,963) ------- ------- Net cash provided by operating activities $85,829 $75,856 ======= =======

    Net cash used in investing activities in the current fiscal year was $27.6 million and primarily included cash outflows for capital expenditures totaling $15.5 million. Another major use of cash was $12.1 million for the development of software. In the first half of fiscal 2010, net cash used in investing activities was $164.6 million and primarily included cash outflows of $125.9 million for the acquisitions of GFSI and PTSI in October 2009, capital expenditures for facilities and equipment of $25.9 million and the development of software totaling $12.9 million.

    Net cash used in financing activities in the first six months of fiscal 2011 was $136.9 million and included net repayment of borrowings of $135.3 million and payment of dividends of $16.3 million. Cash used was partially offset by net proceeds of $14.3 million from the exercise of stock options, excess tax benefits from stock-based compensation and sale of common stock. In the first half of fiscal 2010, cash used in financing activities was $4.5 million and included repayment of short-term borrowings of $64.8 million and payment of dividends of $14.3 million. Cash used was offset by borrowings on our lines of credit of $61.6 million to fund the above acquisitions and net proceeds of $13.0 million from the exercise of stock options, excess tax benefits from stock-based compensation and sale of common stock.

    Backlog, which is a measure of future business and revenue, increased 8% compared to year-ago levels to $342.7 million ($78.7 million in-house and $264.0 million outsourcing) at December 31, 2010. Backlog at December 31, 2009, was $316.3 million ($76.6 million in-house and $239.7 million outsourcing) and at June 30, 2010, it was $328.8 million ($78.2 million in-house and $250.6 million outsourcing).

    About Jack Henry & Associates

    Jack Henry & Associates, Inc. provides integrated computer systems and electronic payment solutions primarily for financial services organizations. Jack Henry markets and supports its systems throughout the United States and has over 11,200 customers nationwide. For additional information on Jack Henry, visit the company's web site at www.jackhenry.com. The company will hold a conference call on February 2nd at 7:45 a.m. Central Time and investors are invited to listen at www.jackhenry.com.

    Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Additional information on these and other factors, which could affect the Company's financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from any forward-looking information.

    Condensed Consolidated Statements of Income (In Thousands, Except Per Share Data - unaudited)

    Three Months Ended % December 31, Change ------------ ------ 2010 2009 ---- ---- REVENUE License $15,460 $12,013 29% Support and service 212,378 184,143 15% Hardware 14,797 14,705 1% ------ ------ --- Total 242,635 210,861 15% COST OF SALES Cost of license 2,079 1,091 91% Cost of support and service 126,857 110,026 15% Cost of hardware 10,880 10,664 2% --- Total 139,816 121,781 15% ------- ------- --- GROSS PROFIT 102,819 89,080 15% Gross Profit Margin 42% 42% OPERATING EXPENSES Selling and marketing 16,979 14,866 14% Research and development 15,837 12,339 28% General and administrative 15,014 14,512 3% ------ ------ --- Total 47,830 41,717 15% ------ ------ --- OPERATING INCOME 54,989 47,363 16% INTEREST INCOME (EXPENSE) Interest income 32 4 >100% Interest expense (2,487) (143) >100% ------ ---- Total (2,455) (139) >100% ------ ---- ----- INCOME BEFORE INCOME TAXES 52,534 47,224 11% PROVISION FOR INCOME TAXES 16,489 17,247 -4% ------ ------ --- NET INCOME $36,045 $29,977 20% ======= ======= === Diluted net income per share $0.42 $0.35 Diluted weighted avg shares outstanding 86,523 85,224

    Six Months Ended % December 31, Change ------------ ------ 2010 2009 ---- ---- REVENUE License $24,919 $23,415 6% Support and service 422,988 340,069 24% Hardware 29,550 29,708 -1% ------ ------ --- Total 477,457 393,192 21% COST OF SALES Cost of license 3,257 2,211 47% Cost of support and service 252,663 205,836 23% Cost of hardware 21,685 21,674 0% --- Total 277,605 229,721 21% ------- ------- --- GROSS PROFIT 199,852 163,471 22% Gross Profit Margin 42% 42% OPERATING EXPENSES Selling and marketing 33,341 26,991 24% Research and development 31,227 22,487 39% General and administrative 27,520 24,693 11% ------ ------ --- Total 92,088 74,171 24% ------ ------ --- OPERATING INCOME 107,764 89,300 21% INTEREST INCOME (EXPENSE) Interest income 49 45 9% Interest expense (5,379) (233) >100% ------ ---- Total (5,330) (188) >100% ------ ---- ----- INCOME BEFORE INCOME TAXES 102,434 89,112 15% PROVISION FOR INCOME TAXES 34,618 32,861 5% ------ ------ --- NET INCOME $67,816 $56,251 21% ======= ======= === Diluted net income per share $0.79 $0.66 Diluted weighted avg shares outstanding 86,335 85,023

    Consolidated Balance Sheet Highlights

    % (In Thousands-unaudited) Dec 31, Change ------- ------ 2010 2009 ---- ---- Cash and cash equivalents $46,871 $24,943 88% Receivables 126,827 117,954 8% TOTAL ASSETS 1,397,646 1,036,954 35% Accounts payable and accrued expenses $48,846 $49,715 -2% Current and long term debt 244,932 63,963 >100% Deferred revenue 190,016 165,238 15% STOCKHOLDERS' EQUITY 819,147 684,811 20%

    Jack Henry & Associates

    CONTACT: Analysts & IR, Kevin D. Williams, Chief Financial Officer of Jack
    Henry & Associates, Inc., +1-417-235-6652

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




    Concurrent Reports Fiscal 2011 Second Quarter Financial Results

    ATLANTA, Feb. 1, 2011 /PRNewswire/ -- Concurrent , a global leader in video, media data and advertising solutions, today announced financial results for its fiscal 2011 second quarter and six-month period ended December 31, 2010.

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

    Revenue for the fiscal 2011 second quarter rose to $17.9 million from $15.0 million a year ago.

    Gross margin for the second quarter of fiscal 2011 was 53%, compared with 62% last year, reflecting the mix of product and services revenue, the higher costs related to a customized product introduction and increased service costs associated with scaling the company's MDAS service platform.

    Operating expenses were $10.0 million in the second quarter of fiscal 2011 compared with $9.1 million in the comparable period last year. The increase reflects Concurrent's continued investments to capitalize on longer-term new market opportunities, including research and development expenses and variable expenses associated with revenue growth.

    The company reported net loss of $1.2 million, or $0.14 per share, in the second quarter of fiscal 2011, compared with net income of $89,000, or $0.01 per diluted share, in the same quarter of the prior fiscal year.

    "With a near 20 percent revenue increase over the last year, results for the quarter demonstrate positive market traction with our multi-screen video and media data products and reflect the increase in customer activity levels we reported in prior quarters. We achieved growth in both media data and video solutions," said Dan Mondor, Concurrent president and chief executive officer. "As anticipated, gross margins were lower due to development costs for a new video product and investments to expand our hosted/managed media data platform to position ourselves for growth."

    "Going forward, our outlook is improving and we currently are expecting revenue for the second half of the year will be stronger than the first half," continued Mondor. "Gross margins should also strengthen in the second half of the fiscal year. We continue to increase investments, which will be reflected in our operating expenses, in order to capitalize on strategic market opportunities. This is a dynamic and exciting time for our company, and we are confident of a bright future."

    Concurrent has made continued progress developing applications to diversify its video and MDAS customer base, grow its MDAS managed services business and continue the contribution from existing customers. Recent highlights include:

    --  Selection by Jiangsu, the second largest cable operator in the world,
    for new VOD deployments (through Potevio, one of the company's resellers
    in China);
    --  The launch of an Over-the-Top video solution with a top five global
    telco in Latin America;
    --  Strategic investments to build a scalable managed and hosted services
    platform with a full suite of census level media data for European and
    North American customers; and,
    --  A new patent for technology that is foundational to network DVR
    services, facilitating the storage and distribution of content from a
    centralized, network-based system.
    

    For the first half of fiscal 2011, revenue advanced to $33.4 million from $27.8 million a year ago. Consolidated gross margin was 54%, compared with 61% in the first half of fiscal 2010. Operating expenses for the first six months of fiscal 2011 were $19.4 million, compared with $17.9 million last year. The company posted a net loss of $2.4 million, equal to $.29 per share, for the most recent six-month period, versus a net loss of $926,000, or $0.11 per share, for the comparable period of the prior fiscal year.

    Concurrent generated more than $1.3 million in cash from operating activities during the first half of fiscal 2011. Concurrent's cash balance at December 31, 2010 increased to $32.1 million from $29.6 million at September 30, 2010 and $31.4 million at June 30, 2010. The company has no debt.

    Conference Call Information

    Concurrent will hold a conference call to discuss its 2011 fiscal second quarter results today, Tuesday, February 1, at 4:30 p.m. ET, which will be broadcast live at www.ccur.com, under the "Investors" section. The call can be accessed live by dialing 1-800-841-9385 and entering pass code 110201. 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 patented, Emmy(R) Award winning technology, Concurrent's screen-independent video delivery and media data solutions create a truly holistic, 360 degree view of the consumer video experience. By harnessing the full potential of video, Concurrent provides customers in the cable, telco, wireless, web, advertising and content development industries with new revenue opportunities such as advanced advertising. 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 has offices in North America, Europe and Asia. For more information, please visit www.ccur.com. Concurrent, Concurrent Computer Corporation and its logo are registered trademarks of Concurrent Computer Corporation.

    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, continued revenue growth in the second half of fiscal 2011, 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 Six Months Ended December 31, December 31, ------------------ ---------------- 2010 2009 2010 2009 --- --- --- --- Revenues: Product $11,723 $8,664 $21,074 $15,346 Service 6,129 6,338 12,324 12,406 ----- ----- ------ ------ Total revenues 17,852 15,002 33,398 27,752 Cost of sales: Product 5,302 3,503 9,555 6,393 Service 3,066 2,201 5,854 4,322 ----- ----- ----- ----- Total cost of sales 8,368 5,704 15,409 10,715 ----- ----- ------ ------ Gross margin 9,484 9,298 17,989 17,037 Operating expenses: Sales and marketing 4,256 3,946 8,306 7,751 Research and development 3,499 3,096 6,857 6,196 General and administrative 2,231 2,084 4,285 4,001 ----- ----- ----- ----- Total operating expenses 9,986 9,126 19,448 17,948 ----- ----- ------ ------ Operating income (loss) (502) 172 (1,459) (911) Other income (expense), net (46) (67) (18) 31 --- --- --- --- Income (loss) before income taxes (548) 105 (1,477) (880) Income tax provision 641 16 923 46 --- --- --- --- Net income (loss) $(1,189) $89 $(2,400) $(926) ======= === ======= ===== Basic net income (loss) per share $(0.14) $0.01 $(0.29) $(0.11) ====== ===== ====== ====== Diluted net income (loss) per share $(0.14) $0.01 $(0.29) $(0.11) ====== ===== ====== ====== Basic weighted average shares outstanding 8,409 8,325 8,388 8,305 ===== ===== ===== ===== Diluted weighted average shares outstanding 8,409 8,419 8,388 8,305 ===== ===== ===== =====

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

    Three Months Ended ------------------ December 31, September 30, 2010 2010 --- --- Revenues: Product $11,723 $9,351 Service 6,129 6,195 ----- ----- Total revenues 17,852 15,546 Cost of sales: Product 5,302 4,253 Service 3,066 2,788 ----- ----- Total cost of sales 8,368 7,041 ----- ----- Gross margin 9,484 8,505 Operating expenses: Sales and marketing 4,256 4,050 Research and development 3,499 3,358 General and administrative 2,231 2,054 ----- ----- Total operating expenses 9,986 9,462 ----- ----- Operating loss (502) (957) Other income (expense), net (46) 28 --- --- Loss before income taxes (548) (929) Provision for income taxes 641 282 --- --- Net loss $(1,189) $(1,211) ======= ======= Basic net loss per share $(0.14) $(0.14) ====== ====== Diluted net loss per share $(0.14) $(0.14) ====== ====== Basic weighted average shares outstanding 8,409 8,368 ===== ===== Diluted weighted average shares outstanding 8,409 8,368 ===== =====

    Concurrent Computer Corporation Condensed Consolidated Balance Sheets (In Thousands)

    December September 31, 30, June 30, 2010 2010 2010 (unaudited) (unaudited) ASSETS Cash and cash equivalents $32,113 $29,606 $31,364 Trade accounts receivable, net 8,467 10,675 14,194 Inventories 4,250 3,596 4,300 Prepaid expenses and other current assets 1,344 1,689 1,704 ----- ----- ----- Total current assets 46,174 45,566 51,562 Property, plant and equipment, net 4,863 5,147 5,050 Intangible assets, net 3,013 3,237 3,463 Other long-term assets 1,824 1,955 2,014 ----- ----- ----- Total assets $55,874 $55,905 $62,089 ======= ======= ======= LIABILITIES Accounts payable and accrued expenses $10,521 $7,701 $9,985 Deferred revenue 5,854 7,793 11,094 ----- ----- ------ Total current liabilities 16,375 15,494 21,079 Long-term deferred revenue 4,257 4,400 4,349 Revolving bank line of credit, non-current - - - Other long-term liabilities 3,503 3,486 3,180 Total liabilities 24,135 23,380 28,608 STOCKHOLDERS' EQUITY Common stock 84 84 84 Additional paid-in capital 206,403 206,090 205,891 Accumulated deficit (175,673) (174,484) (173,273) Treasury stock, at cost (255) (255) (255) Accumulated other comprehensive income 1,180 1,090 1,034 ----- ----- ----- Total stockholders' equity 31,739 32,525 33,481 ------ ------ ------ Total liabilities and stockholders' equity $55,874 $55,905 $62,089 ======= ======= =======

    For more information, contact: ------------------------------ Investor Relations: Media Relations: Kirk Somers, Executive VP of Corporate Affairs Rebecca Biggs (678) 258-4000 (404) 260-3510 investor.relations@ccur.com rebecca.biggs@cohnwolfe.com PondelWilkinson Inc. Rob Whetstone (310) 279-5963 rwhetstone@pondel.com

    Photo: http://photos.prnewswire.com/prnh/20081216/CLTU015LOGO Concurrent

    CONTACT: Investor Relations: Kirk Somers, Executive VP of Corporate
    Affairs, +1-678-258-4000, investor.relations@ccur.com, or Rob Whetstone,
    PondelWilkinson Inc., +1-310-279-5963, rwhetstone@pondel.com; Media
    Relations: Rebecca Biggs, +1-404-260-3510, rebecca.biggs@cohnwolfe.com

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




    Cogo Group, Inc. Fourth Quarter 2010 Preliminary Results: Reports Highest Quarterly Revenue and Non-GAAP EPS in Company History-- Reports $113.5 million in preliminary unaudited revenue, up 28.9% year-over-year, and 24 cents in Non-GAAP EPS Diluted in the fourth quarter of 2010-- Closed MDC Tech acquisition on January 31, 2011-- Provides first quarter of 2011 guidance of $95-$100 million in revenue and 19 cents of Non-GAAP EPS Diluted

    SHENZHEN, China, Feb. 1, 2011 /PRNewswire/ -- Cogo Group, Inc. ("Cogo" or the "Company") , a leading gateway for global semiconductor companies to access the Industrial and Technology sectors in China, today announced its preliminary unaudited financial results for the fourth quarter of 2010. For the quarter ended December 31, 2010, the Company reports revenue of approximately $113.5 million, an increase of 28.9% from the prior year period. The Company saw continued strength across all end-markets, with particular potency in the following areas: Automotive, Smart Meter/Grid, High Speed Rails, 3G Smartphones, High Definition Television ("HDTV") and Tablets.

    Jeffrey Kang, CEO of Cogo, commented, "We are very pleased with Cogo's business results in the fourth quarter and expect to continue to demonstrate strong growth in 2011. In the fourth quarter of 2010, both our customer base and our Average Revenue Per User ("ARPU") grew over 10% from the prior year period. We expect to continue to leverage our business-to-business services platform across our customer base of approximately 1,600 customers. Given our view that our addressable market is over $20 billion, I am increasingly confident that Cogo can reach $1 billion in annual sales within the next few years."

    The Company reports Non-GAAP net income of approximately $9.3 million. Non-GAAP diluted earnings per share ("Non-GAAP EPS Diluted") is approximately $0.24 for the fourth quarter 2010, compared to $0.19 for the same period of the prior year, representing an increase of approximately 27.9%. Net income on a U.S. GAAP basis is approximately $4.6 million and EPS Diluted on a U.S. GAAP basis is approximately $0.12 for the fourth quarter 2010, compared to $0.11 for the same period of the prior year. The Company's gross margin is 14.2% for the fourth quarter 2010, compared to 14.5% reported for the corresponding quarter 2009 and 14.2% for the third quarter 2010.

    Based on current conditions, management's guidance for the first quarter of 2011 is $95-$100 million in revenue and an estimated Non-GAAP EPS Diluted of $0.19. This implies year-over-year revenue growth in the first quarter of 2011 in the range of 17%-23% and includes approximately $1-$2 million in revenue from the acquisition of MDC Tech. The Company estimates Non-GAAP operating margins to rise to approximately 9%. Over the longer term, the Company continues to target gross margins of 15% and operating margins of 10%.

    Mr. Kang said, "I remain very encouraged by the Cogo team's strong execution. Our revenue growth in the fourth quarter of 2010 was the highest quarterly growth rate we posted all year and our order visibility into 2011 is strong. We see tremendous opportunities across a wide range of fast growing end-markets, including Automotive, Smart Meter/Grid, Health Care, Tablets, 3G Smartphones, HDTV and High Speed Railways. The closing of the MDC Tech acquisition provides us with a strong foothold in two fast growing Industrial markets: Health Care and Smart Grid. "

    Cogo will host a teleconference at 4:30 p.m. Eastern Time on Tuesday, February 1, 2011 to report unaudited preliminary earnings results for the fourth quarter of 2010 and to provide a business outlook for the first quarter of 2011. The Company will release final and detailed 2010 audited results and other information in March 2011. Statements and numbers in this release have not been audited, and they are based on current expectations and may differ from the audited results.

    Cogo 2010 Q4 Preliminary Earnings Results Conference Call Date/ Time: February 1, 2011 (Tuesday) @ 4:30 PM (ET) Conference Call: US/ Canada Toll-Free: 1-877-941-1427 International: +1-480- 629-9664 Webcast/ Audio Recording: http://viavid.net/dce.aspx?sid=00008018 Replay (from 02/01/2011 at 7:30 pm to 02/08/2011 at 11:59 pm ET): US/ Canada Toll-Free: 1-800-870-5176 (Passcode: 4401144) International: +1 -858-384-5517 (Passcode: 4401144)

    About Cogo Group, Inc.:

    Cogo Group, Inc. is the leading gateway for global semiconductor companies to access the rapidly growing Industrial and Technology sectors in China. Through its unique business-to-business services platform, Cogo designs customized embedded solutions using technology from suppliers including Intel, Broadcom, Xilinx, SanDisk, Freescale, Atmel and others for a customer base of over 1,600 Chinese OEMs/ODMs. Cogo's customer list includes approximately 100 blue-chip companies, including ZTE, BYD and NARI, as well as over 1,400 Small and Medium Enterprises (SMEs). The Company serves a broad list of rapidly growing end-markets in China, including 3G Smartphones, Tablets, Automotives, High-Speed Railway, Smart Meter/Smart Grid, Healthcare and High Definition Television "HDTV". Cogo's fastest growing end-market is Industrial business, which constituted close to 18% of total company sales at the end of 2010. Cogo has approximately 560 employees, with about 280 focused on engineering and 100 in direct sales.

    For further information: Investor Relations www.cogo.com.cn/investorinfo.html communications@cogo.com.cn H.K.: +852 2730 1518 U.S.: +1 (646) 291 8998 Fax: +86 755 2674 3522

    Safe Harbor Statement:

    This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include statements about our proposed discussions related to our business or growth strategy such as growth in digital media, mobile handset and telecommunications end-markets or potential acquisitions, all of which are subject to change. Such information is based upon expectations of our management that were reasonable when made, but may prove to be incorrect. All such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. For further descriptions of other risks and uncertainties, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings, including our most recent Forms S-1 and/or S-3. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at www.sec.gov.

    About Non-GAAP Financial Measures:

    To supplement Cogo's consolidated financial results presented in accordance with GAAP, Cogo uses the following measures defined as Non-GAAP financial measures by the SEC: 1) Non-GAAP net income attributable to Cogo Group, Inc., which is net income attributable to Cogo Group, Inc. excluding share-based compensation expense and acquisition related costs, net, such as amortization, impairment and extraordinary gain of intangible assets, related deferred taxation and impairment of goodwill, 2) Non-GAAP diluted earnings per share attributable to Cogo Group, Inc., which is diluted earnings per share attributable to Cogo Group, Inc. excluding share-based compensation expense and acquisition related costs, net, such as amortization, impairment and extraordinary gain of intangible assets, related deferred taxation and impairment of goodwill. The presentation of these Non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these Non-GAAP financial measures, please see the table captioned "Unaudited Reconciliation of Non-GAAP measures to the most comparable GAAP measures" set forth at the end of this release.

    Cogo believes that these Non-GAAP financial measures provide meaningful supplemental information regarding its performance by excluding share-based compensation expense and acquisition related costs, net, such as amortization, impairment and extraordinary gain of intangible assets, related deferred taxation and impairment of goodwill that may not be indicative of its operating performance from a cash perspective. Cogo believes that both management and investors benefit from referring to these Non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These Non-GAAP financial measures also facilitate management's internal comparisons to Cogo's historical performance. Cogo computes its Non-GAAP financial measures using the same consistent method from quarter to quarter. Cogo believes these Non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using Non-GAAP net income attributable to Cogo Group, Inc. and Non-GAAP diluted earnings per share attributable to Cogo Group, Inc. is that these Non-GAAP measures exclude share-based compensation expense and acquisition related costs, net, such as amortization, impairment and extraordinary gain of intangible assets, related deferred taxation and impairment of goodwill that have been and will continue to be for the foreseeable future a recurring expense in our business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each Non-GAAP measure. The accompanying table has more details on the reconciliations between GAAP financial measures that are most directly comparable to Non-GAAP financial measures.

    Table Attached

    COGO GROUP, INC. UNAUDITED RECONCILIATION OF NON-GAAP MEASURES TO THE MOST COMPARABLE GAAP MEASURES

    For the For the For the quarter quarter quarter ended ended ended Dec 31, 2010 Sep 30, 2010 Dec 31, 2009 (unaudited) (unaudited) (unaudited) Net income $' million $' million $' million GAAP net income attributable to Cogo Group, Inc. 4.6 4.7 4.3 Share-based compensation expense 7.6 2.6 2.2 Acquisition related (gain)/ costs, net -amortization, impairment and extraordinary gain of intangible assets, related deferred taxation and impairment of goodwill (2.9) 0.7 0.7 ---- --- --- Non-GAAP net income attributable to Cogo Group, Inc. 9.3 8.0 7.2 === === === Earnings per share $ $ $ GAAP net income attributable to Cogo Group, Inc. per common share-Diluted 0.12 0.12 0.11 Share-based compensation expense per common share - Diluted 0.20 0.07 0.06 Acquisition related (gain)/ costs, net, per common share - Diluted (0.08) 0.02 0.02 -amortization, impairment and extraordinary gain of intangible assets, related deferred taxation and impairment of goodwill Non-GAAP net income attributable to Cogo Group, Inc. per common share- Diluted 0.24 0.21 0.19 ==== ==== ====

    Cogo Group, Inc.

    CONTACT: Cogo Group, Inc., Investor Relations, H.K., +852 2730 1518, or
    U.S., +1-646-291-8998, fax, +86 755 2674 3522, communications@cogo.com.cn

    Web site: http://www.comtech.com.cn/




    Alliance Data Reports Record Full-Year 2010 Results- Revenue Increases 11 Percent to $2.8 billion- EPS Increases 40 Percent- Core EPS Increases 14 Percent to $5.86

    DALLAS, Feb. 1, 2011 /PRNewswire/ -- Alliance Data Systems Corporation , a leading provider of loyalty and marketing solutions derived from transaction-rich data, today announced results for the year ended December 31, 2010.

    (Logo: http://photos.prnewswire.com/prnh/20051024/ADSLOGO)

    Quarter Ended December SUMMARY 31, Year Ended December 31, ----------------------- ----------------------- (in millions, except per share Pro Pro amounts) Forma Forma 2010 2009 2009 (a) 2010 2009 2009 (a) ---- ---- -------- ---- ---- -------- Revenue $756 $546 $694 $2,791 $1,964 $2,513 Income from continuing operations 49 60 196 177 Net income 47 41 194 144 Income from continuing operations per diluted share $0.88 $1.07 $3.51 $3.06 Net income per diluted share $0.84 $0.73 $3.48 $2.49 Diluted shares outstanding 55.4 56.1 55.7 57.7 Supplemental Non- GAAP Metrics: (b) Adjusted EBITDA $193 $176 $216 $823 $590 $734 Core earnings per diluted share $1.56 $1.67 $5.86 $5.16 Conformed revenues (c) $613 $546 $2,249 $1,964 Conformed adjusted EBITDA(c) $167 $176 $668 $590

    (a) Refer to our Form 8-K filed March 31, 2010 for the calculation of pro forma 2009 amounts. All comparisons herein are to pro forma 2009 where applicable. (b) See "Financial Measures" below for a discussion of adjusted EBITDA, core earnings per diluted share and other non-GAAP financial measures. (c) 2010 conformed to 2009 presentation, which netted securitization funding costs and loan loss provision against revenue and funding costs against adjusted EBITDA. Hereafter referred to as "old accounting presentation."

    FOURTH-QUARTER

    Revenue increased 9 percent to $756 million while adjusted EBITDA decreased 11 percent to $193 million for the fourth quarter of 2010. Excluding $28 million of infrequently occurring items from the fourth quarter of 2009, adjusted EBITDA increased 2 percent for the fourth quarter of 2010.

    Net income per diluted share (EPS) increased 15 percent to $0.84, income from continuing operations per diluted share decreased 18 percent to $0.88, and core earnings per diluted share (core EPS) decreased 7 percent to $1.56 for the fourth quarter of 2010, exceeding the Company's guidance of $1.40. Excluding $0.46 of infrequently occurring items from the fourth quarter of 2009, income from continuing operations per diluted share and core EPS increased 44 percent and 29 percent, respectively, from the fourth quarter of 2009.

    Diluted shares outstanding were 55.4 million for the fourth quarter of 2010, down 0.7 million shares compared to the prior year quarter. The Company's repurchase of approximately 1.15 million outstanding shares during the fourth quarter of 2010 (diluted share benefit of 0.6 million) was partially offset by an increase in shares attributable to the assumed conversion of its convertible senior notes, which varies based on the Company's average per share price.

    FULL YEAR

    While the economic environment continues to slowly improve, the Company's annual revenue has surpassed pre-recessionary levels and reached record levels, increasing 11 percent to $2.791 billion for 2010. In addition, adjusted EBITDA increased 12 percent to $823 million for 2010. Excluding $17 million of infrequently occurring items from 2009, adjusted EBITDA increased 15 percent for 2010. Adjusted EBITDA margin was 29.5 percent for 2010, up 30 basis points from 2009.

    Net income per diluted share (EPS) increased 40 percent to $3.48, income from continuing operations per diluted share increased 15 percent to $3.51, and core earnings per diluted share (core EPS) increased 14 percent to $5.86 for 2010, exceeding the Company's guidance of $5.70. Excluding $0.52 of infrequently occurring items from 2009, income from continuing operations per diluted share and core EPS increased 38 percent and 26 percent, respectively, from 2009.

    Average diluted shares outstanding were 55.7 million for 2010, down 2.0 million shares from 2009. The Company's repurchase of approximately 2.5 million outstanding shares during 2010 and the full-year benefit of shares purchased during 2009 was offset by a 1.2 million share increase for the assumed conversion of convertible senior notes, which varies based on the Company's average per share price.

    Ed Heffernan, president and chief executive officer, commented, "2010 was an outstanding year for Alliance Data - record revenues, record adjusted EBITDA, and record EPS and core EPS - with growth balanced across all three of our business segments despite a somewhat tepid economic environment. This is true whether you use the new accounting presentation or the old accounting presentation. For the year, adjusted EBITDA, income from continuing operations per diluted share and core EPS increased 15 percent, 38 percent and 26 percent, respectively, after adjusting 2009 to exclude infrequently occurring items.

    "LoyaltyOne fought through a tough AIR MILES(R) issuance year with the pullback in promotions by one major sponsor, but ended the year with issuances up 6 percent in December. This is a positive indicator and demonstrates momentum going into 2011. On the international front, we are now primed for a full national rollout of the dotz loyalty coalition program in Brazil. Dotz' first national partner is Banco do Brasil ("Banco"), the #1 bank in this country of close to 200 million people. While we are still awaiting "ink on the paper", both dotz and Banco are proceeding in principle and are working on a focused plan to further bank customer engagement and activation, specifically targeting credit card holders to join the dotz loyalty coalition. Accordingly, our original national rollout plan remains on track and operations are proceeding as planned.

    "Epsilon continues to financially outperform and has become the clear market leader, generating double-digit organic growth in revenue and adjusted EBITDA. A strategic acquisition of Equifax's DMS division in mid-2010 greatly enhances our data offering and increased growth in revenue and adjusted EBITDA to over 20 percent for the fourth quarter of 2010. Epsilon enters 2011 with a robust backlog supporting double-digit organic growth coupled with a strong pipeline for non-organic growth. Additionally, we are excited about recent news of Epsilon receiving top industry accolades. A research report issued by Forrester ("The Forrester Wave(TM): U.S. Database Marketing Service Providers, Q1 2011") named Epsilon as a 'leader,' receiving the highest score for its current offering as a marketing services provider, and the top ranking in the Database Management category.

    "Finally, after two challenging years, Private Label turned the corner in 2010. Revenue and adjusted EBITDA increased double-digit from 2009, despite the $0.30 per diluted share 'one-time' hit from the requirements of the CARD Act. Notably, adjusted EBITDA increased over 20 percent in 2010 compared to adjusted 2009. Looking forward, we expect credit trends to continue to improve, which should position Private Label for an even better 2011.

    "Overall, the Company is well positioned for a strong 2011."

    SEGMENT REVIEW

    LoyaltyOne: Revenue increased 7 percent to $224 million and adjusted EBITDA decreased 15 percent to $46 million compared to the fourth quarter of 2009. As expected, adjusted EBITDA declined from the fourth quarter of 2009 due to the timing issues discussed below. A stronger Canadian dollar added approximately $9 million and $2 million to revenue and adjusted EBITDA, respectively, from the fourth quarter of 2009.

    For LoyaltyOne's Canadian operations, revenue was CDN$224 million, up 1 percent from the fourth quarter of 2009, primarily due to a CDN$2 million or 1 percent increase in redemption revenue. A 9 percent increase in AIR MILES reward miles redeemed, which increased redemption revenue by CDN$11 million, was offset by a CDN$6 million net decrease in amortized revenue related to the conversion of a certain split-fee to non split-fee program. Total expenses increased to CDN$174 million, up 8 percent from the fourth quarter of 2009. The increase was primarily due to the cost of redemptions associated with the 9 percent increase in AIR MILES reward miles redeemed during the fourth quarter of 2010. Adjusted EBITDA for the fourth quarter of 2010 was down CDN$8 million, or 14 percent, due to the runoff of the amortized revenue as partially offset by higher gross margins on AIR MILES reward miles redeemed. The Company believes the decline in adjusted EBITDA will recover as AIR MILES reward miles issuances return to historical levels. The negative impact from the amortized revenue grow-over is expected to anniversary by mid-2011.

    AIR MILES reward miles issued during the fourth quarter of 2010 decreased 1 percent compared to the fourth quarter of 2009. The softness in issuances during the back-half of 2010 was due to reduced promotional activity in the grocer sector, and generally flat consumer credit card spending compared to the prior year. Importantly, AIR MILES reward miles issued during December 2010 increased 6 percent from December 2009, an indication that discretionary spending is accelerating in Canada.

    During the quarter, LoyaltyOne signed a long-term contract renewal with Canada Safeway Limited, a subsidiary of Safeway Inc. A top-10 Alliance Data client, Canada Safeway has been a sponsor in LoyaltyOne's AIR MILES(R) Reward Program since the coalition's inception in 1992. In addition, the dotz coalition loyalty program in Brazil, in which the Company has an approximate 31 percent ownership interest, continues to gain momentum. The pilot in the Belo Horizonte region was a success with over 400,000 members enrolled and a 60 percent activation rate, both of which exceeded original expectations. The focus now turns to a national rollout. Towards that objective, dotz has reached an agreement in principle with its first national partner, Banco do Brasil. This agreement, pending execution, would provide access to the bank's more than 30 million customer accounts positioning dotz for a national rollout with Banco in early 2011.

    Epsilon: Revenue increased 27 percent to $180 million, and adjusted EBITDA increased 22 percent to $50 million compared to the fourth quarter of 2009. Adjusted EBITDA margin decreased slightly to 27.6 percent for the fourth quarter of 2010 compared to the fourth quarter of 2009.

    Revenue in the database/digital businesses, which represent approximately 60 percent of Epsilon, increased 25 percent from the fourth quarter of 2009. The increase was driven by several significant launches during the quarter in key verticals including pharmaceutical, auto and financial services. Revenue in the data/other businesses increased 29 percent from the fourth quarter of 2009. Abacus, a large catalog coalition database, continued its double-digit revenue growth during the fourth quarter of 2010, a marked contrast to the 7 percent decline in the fourth quarter of 2009. The acquisition of the Direct Marketing Services (DMS) division of Equifax, Inc. completed July 1, 2010 added $14 million of revenue to the fourth quarter of 2010 representing 10 percent of Epsilon's revenue growth.

    Total expenses increased 29 percent to $133 million for the fourth quarter of 2010. The increase is principally due to expenses assumed with the DMS acquisition and higher payroll costs, to support both current and future revenue growth as new wins are launched. As a percent of revenue, total expenses increased approximately 100 basis points from the fourth quarter of 2009, primarily due to integration expenses attributable to the DMS acquisition.

    Major signings continued with a new agreement with Barclaycard US for Epsilon to provide permission-based email marketing services in support of new account acquisition and customer retention efforts.

    Overall, the outlook for Epsilon's business remains strong as the major offerings continue to demonstrate positive momentum. Specifically, the database/digital business continues to reap the benefits of strong new client wins, producing a solid implementation stream throughout 2010. In addition, Abacus' double-digit revenue growth demonstrates a return to stability in retail and catalog marketing budgets. This trend suggests a positive economic outlook from these key verticals, reinforcing the value of data-driven, ROI-based marketing strategies in the overall marketing mix. Finally, the DMS acquisition, which has been fully integrated, augments the Company's data offerings, enhancing cross-product revenue opportunities.

    Private Label Services and Credit: Revenue increased 3 percent to $354 million and adjusted EBITDA decreased 19 percent to $113 million on a pro forma basis compared to the fourth quarter of 2009. Excluding $28 million of infrequently occurring items from the fourth quarter of 2009, adjusted EBITDA increased 1 percent for the fourth quarter of 2010.

    Revenue growth of approximately $12 million for the fourth quarter of 2010 was driven by a 100 basis point expansion in gross yield to 26 percent, which increased net finance charges by approximately $20 million. Partially offsetting this increase was an $8 million reduction in transaction revenue.

    Credit sales increased approximately 3 percent from the fourth quarter of 2009. Cardholder spending slowed during the second half of 2010 as consumers pulled back on revolving credit products. Average receivables increased approximately 4 percent from the fourth quarter of 2009, driven primarily by growth in intermediate credit card portfolios (owned more than one, but less than three years), while core portfolio growth was dampened by the burn-off of cancelled programs. Card receivables at December 31, 2010 aggregated $5.3 billion, essentially flat compared to December 31, 2009.

    Provision for loan losses totaled $116 million for the fourth quarter of 2010 exceeding actual loan losses of approximately $112 million, which included approximately $10 million of loan loss "bubbles" related to changes in cardholder terms during 2010. This reflects the typical seasonal trend under the new accounting rules - provision exceeding actual loan losses in the fourth quarter - due to the seasonal increase in accounts receivable, which reverses the following quarter. Loan loss reserves aggregated $518 million at December 31, 2010, or 9.8 percent of ending total receivables. Other expenses increased to $128 million, up 7 percent from 2009, as payroll costs increased $4 million and marketing expenses increased $3 million.

    Portfolio funding costs, including securitization funding costs and interest expense on certificates of deposit, were $33 million for the fourth quarter of 2010, or 3 percent of average credit card receivables. The improvement from approximately 4 percent in the fourth quarter of 2009 is due to better funding rates and reduced expense associated with our interest rate derivatives.

    Overall credit trends continue to move in a positive direction. The principal charge-off rate in the fourth quarter of 2010 was 8.9 percent, down from an adjusted rate of 9.5 percent for the fourth quarter of 2009. The decline reflected the continued improvement in credit quality of the credit card receivables. Charge-off rates continue to trend lower as, due to the length and severity of the recession, there is no longer a direct correlation between loan loss rates and unemployment levels. Delinquency rates, historically a good predictor of future losses, improved to 5.4 percent of principal receivables at December 31, 2010 from 6.1 percent at December 31, 2009. Delinquency rates continue to trend downward on a seasonally adjusted basis.

    The new Federal Reserve Board guidelines on late fees that can be charged by financial institutions became effective August 22, 2010. The initial implementation of the new guidelines lowered the Company's average late fee for the latter part of August, and all September and October, compared to the prior year periods. The Company has since raised minimum payments and modified late fee structures, restoring the Company's average late fee to historical levels.

    During the quarter, Private Label won new and renewed existing agreements, including a multi-year agreement with American Laser Centers to provide private label credit services designed to drive sales and enhance long-term customer loyalty. Founded in 2002, American Laser Centers, based in Farmington Hills, Mich., is the nation's largest provider of medical aesthetic services. In addition, long-term extension agreements were signed with Trek Bicycle Corporation, Arhaus Furniture and Restoration Hardware.

    Corporate Liquidity

    Corporate liquidity remains strong at approximately $500 million, representing $50 million of cash outside the Company's bank subsidiaries and $450 million of available borrowing capacity. The key covenant ratio, core debt to operating cash flow, was 2.3 to 1 at December 31, 2010, substantially below the covenant ratio of 3.75 to 1.

    Stock Repurchase Program

    During 2010, the Company acquired 2.5 million of its outstanding common shares for aggregate consideration of approximately $149 million. Since 2008, the Company has expended approximately $1.7 billion to purchase approximately 32.4 million shares, or approximately 40 percent of the Company's fully diluted shares outstanding when the repurchase program began in 2008.

    The Company currently operates under a board approved program authorizing the repurchase of up to $400 million of the Company's common stock through the end of 2011. As of December 31, 2010, $328 million is available to spend under this program.

    2011 Outlook

    First Quarter 2011: The Company expects high single-digit growth in revenue and double-digit growth in adjusted EBITDA for the first quarter of 2011. Core EPS is expected to approximate $1.65, a 20 percent increase compared to the prior year's first quarter.

    Full Year: The Company's guidance for 2011 is based on current market trends and excludes any benefit from potentially significant acquisitions. Guidance will be refined as necessary as 2011 unfolds. Guidance for 2011 is for at least $3 billion in revenue and $4.66 and $6.75 in EPS and core EPS, respectively.

    Financial Measures

    In addition to the results presented in accordance with generally accepted accounting principles, or GAAP, the Company presents financial measures that are non-GAAP measures, such as constant currency financial measures, adjusted EBITDA, adjusted EBITDA margin, core earnings and core earnings per diluted share (core EPS). The Company believes that these non-GAAP financial measures, viewed in addition to and not in lieu of the Company's reported GAAP results, provide useful information to investors regarding the Company's performance and overall results of operations. These metrics are an integral part of the Company's internal reporting to measure the performance of reportable segments and the overall effectiveness of senior management. Reconciliations to comparable GAAP financial measures are available in the accompanying schedules and on the Company's website. The financial measures presented are consistent with the Company's historical financial reporting practices. Core earnings and core earnings per diluted share represent performance measures and are not intended to represent liquidity measures. The non-GAAP financial measures presented herein may not be comparable to similarly titled measures presented by other companies, and are not identical to corresponding measures used in other various agreements or public filings.

    Infrequently Occurring Items and Discontinued Operations

    The fourth quarter of 2009 included a $7 million, or $0.09, benefit due to a change in treatment for bankrupt private label accounts, which was made to conform to credit card industry standards and FFIEC guidelines, and a $21 million gain, or $0.37, associated with the acquisition of a private label program and related portfolio, which was accounted for as a bargain purchase under Accounting Standards Codification ("ASC") 805.

    Full year 2009 included the above items, an $11 million foreign exchange loss, or $0.14, on U.S. investments held by the Company's Canadian business, and a $0.20 tax benefit related to the resolution of uncertain tax positions during the period.

    The Company recorded a $19 million after-tax charge in the fourth quarter of 2009 related to the cancellation of its program for web and catalog retailer Venue. This cancellation was treated as a discontinued operation under ASC 205-20. The Company recorded a $2 million after-tax charge in the fourth quarter of 2010 associated with its revised estimate regarding collectability of the remaining Venue receivables outstanding.

    Conference Call

    Alliance Data will host a conference call on Tuesday, Feb. 1, 2011 at 5:00 p.m. (Eastern Time) to discuss the Company's 2010 fourth-quarter and full-year results. The conference call will be available via the Internet at www.AllianceData.com. There will be several slides accompanying the webcast. Please go to the website at least 15 minutes prior to the call to register, download and install any necessary software. The recorded webcast will also be available on the Company's website.

    If you are unable to participate in the conference call, a replay will be available. To access the replay, please dial 706-645-9291 and enter "37628699". The replay will be available from two hours after the end of the call until 11:59 P.M. (Eastern Time) on Feb. 8, 2011.

    About Alliance Data

    Alliance Data(R) and its combined businesses is North America's largest and most comprehensive provider of transaction-based, data-driven marketing and loyalty solutions serving large, consumer-based industries. The Company creates and deploys customized solutions, enhancing the critical customer marketing experience; the result is measurably changing consumer behavior while driving business growth and profitability for some of today's most recognizable brands. Alliance Data helps its clients create and increase customer loyalty through solutions that engage millions of customers each day across multiple touch points using traditional, digital, mobile and other emerging technologies. Headquartered in Dallas, Alliance Data employs approximately 7,400 associates at 50 locations worldwide.

    Alliance Data is a leading provider of marketing-driven credit solutions, and is the parent company of Epsilon(R), a leading provider of multi-channel, data-driven technologies and marketing services, and LoyaltyOne(R), which owns and operates the AIR MILES(R) Reward Program, Canada's premier coalition loyalty program. For more information about the company, visit our web site, www.AllianceData.com, or you can follow us on Twitter at www.Twitter.com/AllianceData.

    Alliance Data's Safe Harbor Statement/Forward Looking Statements

    This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements may use words such as "anticipate," "believe," "estimate," "expect," "intend," "predict," "project" and similar expressions as they relate to us or our management. When we make forward-looking statements, we are basing them on our management's beliefs and assumptions, using information currently available to us. Although we believe that the expectations reflected in the forward-looking statements are reasonable, these forward-looking statements are subject to risks, uncertainties and assumptions, including the anticipated effects of the CARD Act and those discussed in our filings with the Securities and Exchange Commission.

    If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary materially from what we projected. Any forward-looking statements contained in this presentation reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We have no intention, and disclaim any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

    "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this presentation regarding Alliance Data Systems Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K for the most recently ended fiscal year. Risk factors may be updated in Item 1A in each of the Company's Quarterly Reports on Form 10-Q for each quarterly period subsequent to the Company's most recent Form 10-K.

    ALLIANCE DATA SYSTEMS CORPORATION CONSOLIDATED CONDENSED STATEMENTS OF INCOME (In millions, except per share amounts) (Unaudited)

    Three Months Ended Year Ended December 31, December 31, 2010 2009 2010 2009 ---- ---- ---- ---- Revenue $755.7 $545.9 $2,791.4 $1,964.3 Operating expenses: Cost of operations 462.8 380.1 1,631.2 1,431.3 Provision for loan losses 115.6 - 387.8 - Depreciation and amortization 36.7 33.8 143.2 125.3 ---- ---- ----- ----- Total operating expenses 615.1 413.9 2,162.2 1,556.6 ----- ----- ------- ------- Operating income 140.6 132.0 629.2 407.7 Interest expense, net: Securitization funding costs 26.8 - 155.1 - Interest expense on certificates of deposit 5.9 8.5 29.4 28.3 Interest expense on long-term and other debt, net 34.9 32.3 133.8 116.5 ---- ---- ----- ----- Total interest expense, net 67.6 40.8 318.3 144.8 ---- ---- ----- ----- Income from continuing operations before income taxes 73.0 91.2 310.9 262.9 Income tax expense 24.4 31.2 115.3 86.2 ---- ---- ----- ---- Income from continuing operations 48.6 60.0 195.6 176.7 Loss from discontinued operations, net of taxes (1.9) (19.3) (1.9) (33.0) ---- ----- ---- ----- Net income $46.7 $40.7 $193.7 $143.7 ===== ===== ====== ====== Per share data: Basic - Income from continuing operations $0.94 $1.15 $3.72 $3.17 Basic - Loss from discontinued operations (0.04) (0.37) (0.03) (0.59) ----- ----- ----- ----- Basic - Net income $0.90 $0.78 $3.69 $2.58 ===== ===== ===== ===== Diluted - Income from continuing operations $0.88 $1.07 $3.51 $3.06 Diluted - Loss from discontinued operations (0.04) (0.34) (0.03) (0.57) ----- ----- ----- ----- Diluted - Net income $0.84 $0.73 $3.48 $2.49 ===== ===== ===== ===== Weighted average shares outstanding - basic 51.9 52.2 52.5 55.8 Weighted average shares outstanding - diluted 55.4 56.1 55.7 57.7

    ALLIANCE DATA SYSTEMS CORPORATION CONDENSED BALANCE SHEET (In millions) (Unaudited)

    As of As of December December 31, 31, 2010 2009 ---- ---- ASSETS Cash and cash equivalents $139.1 $213.4 Credit card receivables, net 4,838.4 616.3 Redemption settlement assets(1) 472.4 574.0 Intangible assets, net 314.4 316.6 Goodwill 1,221.8 1,166.3 Other assets 1,286.1 2,339.1 ------- ------- Total assets $8,272.2 $5,225.7 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Deferred revenue $1,221.2 $1,146.1 Certificates of deposit 859.1 1,465.0 Asset backed securities debt 3,660.1 - Debt(2) 1,869.8 1,782.4 Other liabilities 638.9 559.4 ----- ----- Total liabilities 8,249.1 4,952.9 Stockholders' equity 23.1 272.8 ---- ----- Total liabilities and stockholders' equity $8,272.2 $5,225.7 ======== ========

    (1) LoyaltyOne redemption settlement assets aggregate $537 million at December 31, 2010, including investments of $65 million in retained interests in the World Financial Network National Bank Master Trusts. These amounts have been eliminated with the consolidation of these Master Trusts under ASC 860. (2) Included in debt is a discount of $232.9 million and $299.1 million as of December 31, 2010 and December 31, 2009, respectively, associated with the Company's adoption of an accounting standard associated with its convertible debt.

    ALLIANCE DATA SYSTEMS CORPORATION CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (In millions) (Unaudited)

    Year Ended December 31, 2010 2009 ---- ---- CASH FLOWS FROM OPERATING ACTIVITIES: Net income $193.7 $143.7 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 143.2 125.3 Deferred income taxes 19.1 17.5 Provision for loan loss 390.8 86.6 Non-cash stock compensation 50.1 53.6 Amortization of discount on convertible senior notes 66.1 52.7 Gain on acquisition of business - (21.2) Change in operating assets and liabilities, net of acquisitions 70.6 (116.6) Other (30.9) 16.8 ----- ---- Net cash provided by operating activities 902.7 358.4 CASH FLOWS FROM INVESTING ACTIVITIES: Change in redemption settlement assets 52.4 52.4 Payments for acquired businesses, net of cash acquired (117.0) (158.9) Change in credit card receivables (239.4) (314.9) Capital expenditures (68.8) (53.0) Other 32.0 (413.6) ---- ------ Net cash (used in) investing activities (340.8) (888.0) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings under debt agreements 1,507.0 3,469.0 Repayment of borrowings (1,462.8) (3,094.9) Issuances of certificates of deposit 177.6 1,579.0 Repayments of certificates of deposit (783.5) (803.4) Proceeds from asset-backed securities 1,147.9 - Maturities of asset-backed securities (1,173.7) - Proceeds from issuance of common stock 33.9 28.9 Purchase of treasury shares (148.7) (445.9) Other (13.4) 162.5 ----- ----- Net cash (used in) provided by financing activities (715.7) 570.2 ------ ----- Effect of exchange rate changes on cash and cash equivalents (2.1) 15.9 Change in cash and cash equivalents (155.9) 56.5 ------ ---- Cash effect on adoption of ASC 860 and ASC 810 81.6 - Cash and cash equivalents at beginning of period 213.4 156.9 ----- ----- Cash and cash equivalents at end of period $139.1 $213.4 ====== ======

    ALLIANCE DATA SYSTEMS CORPORATION SUMMARY FINANCIAL HIGHLIGHTS (In millions) (Unaudited)

    Three Months Ended December 31, 2010 2009 Change ---- ---- ------ Segment Revenue: LoyaltyOne $223.9 $210.1 7% Epsilon 179.6 141.8 27% Private Label Services and Credit 354.2 194.6 82% Corporate/Other 0.3 (0.6) nm Intersegment (2.3) - nm ---- --- $755.7 $545.9 38% ====== ====== Segment Adjusted EBITDA: LoyaltyOne $45.9 $54.3 (15)% Epsilon 49.6 40.5 22% Private Label Services and Credit 113.1 98.5 15% Corporate/Other (13.7) (17.7) (23)% Intersegment (1.5) - nm ---- --- $193.4 $175.6 10% ====== ====== Key Performance Indicators: Private Label statements generated 35.8 36.1 (1)% Average receivables $5,016.5 $4,846.2 4% Credit sales $2,653.7 $2,566.6 3% AIR MILES reward miles issued 1,257.3 1,267.5 (1)% AIR MILES reward miles redeemed 1,096.0 1,004.9 9%

    Year Ended December 31, 2010 2009 Change ---- ---- ------ Segment Revenue: LoyaltyOne $799.5 $715.1 12% Epsilon 613.4 514.3 19% Private Label Services and Credit 1,386.3 707.6 96% Corporate/Other 1.8 27.3 nm Intersegment (9.6) - nm ---- --- $2,791.4 $1,964.3 42% ======== ======== Segment Adjusted EBITDA: LoyaltyOne $204.6 $200.7 2% Epsilon 152.3 128.3 19% Private Label Services and Credit 530.0 314.8 68% Corporate/Other (57.9) (53.7) 8% Intersegment (6.5) - nm ---- --- $822.5 $590.1 39% ====== ====== Key Performance Indicators: Private Label statements generated 142.4 130.2 9% Average receivables $5,025.9 $4,359.6 15% Credit sales $8,773.4 $7,968.1 10% AIR MILES reward miles issued 4,584.4 4,545.8 1% AIR MILES reward miles redeemed 3,634.8 3,326.3 9%

    nm-not meaningful

    ALLIANCE DATA SYSTEMS CORPORATION RECONCILIATION OF NON-GAAP INFORMATION (In millions, except per share amounts) (Unaudited)

    Three Months Ended Year Ended December 31, December 31, EBITDA and Adjusted EBITDA: 2010 2009 2010 2009 ---- ---- ---- ---- Income from continuing operations $48.6 $60.0 $195.6 $176.7 Income tax expense 24.4 31.2 115.3 86.2 Total interest expense, net 67.6 40.8 318.3 144.8 Depreciation and other amortization 17.7 16.5 67.8 62.2 Amortization of purchased intangibles 19.0 17.3 75.4 63.1 ---- ---- ---- ---- EBITDA 177.3 165.8 772.4 533.0 Stock compensation expense 16.1 10.3 50.1 53.6 Merger and other costs - (0.5) - 3.5 --- ---- --- --- Adjusted EBITDA $193.4 $175.6 $822.5 $590.1 ====== ====== ====== ====== Core Earnings: Income from continuing operations $48.6 $60.0 $195.6 $176.7 Add back non-cash non-operating items and merger and other costs: Stock compensation expense 16.1 10.3 50.1 53.6 Amortization of purchased intangibles 19.0 17.3 75.4 63.1 Non-cash interest expense(1) 20.0 18.0 76.7 61.8 Merger and other costs - (0.5) - 3.5 Income tax effect (2) (17.3) (11.5) (71.1) (60.8) ----- ----- ----- ----- Core earnings $86.4 $93.6 $326.7 $297.9 ===== ===== ====== ====== Weighted average shares outstanding - diluted 55.4 56.1 55.7 57.7 Core earnings per share - diluted $1.56 $1.67 $5.86 $5.16

    (1) Represents amortization of imputed interest expense associated with our convertible debt and related amortization of debt issuance costs. (2) Represents the tax effect for the related non-GAAP measure adjustments (tax deductible stock compensation expense, amortization of purchased intangibles, non-cash interest expense, merger and other costs) using the Company's effective tax rate for each respective period. For the three months and year ended December 31, 2009, the effective tax rate was adjusted for the gain associated with the Charming Shoppes acquisition.

    ALLIANCE DATA SYSTEMS CORPORATION RECONCILIATION OF SEGMENT ADJUSTED EBITDA (In millions) (Unaudited)

    Three Months Ended December 31, 2010 ------------------------------------ Merger Operating Depreciation Stock and Adjusted Other EBITDA Income and Compensation Non- (1) Routine ------ Amortization Expense Costs ------- ------------ ------- -------- LoyaltyOne $36.9 $5.7 $3.3 $ - $45.9 Epsilon 26.5 20.1 3.0 - 49.6 Private Label Services and Credit 101.3 9.3 2.5 - 113.1 Corporate/Other (22.6) 1.6 7.3 - (13.7) Intersegment (1.5) - - - (1.5) ---- --- --- --- ---- $140.6 $36.7 $16.1 $ - $193.4 ====== ===== ===== === ======

    Three Months Ended December 31, 2009 ------------------------------------ Merger Operating Depreciation Stock and Adjusted Other EBITDA Income and Compensation Non- (1) Routine ------ Amortization Expense Costs ------- ------------ ------- -------- LoyaltyOne $46.3 $5.9 $2.1 $ - $54.3 Epsilon 20.5 18.1 1.9 - 40.5 Private Label Services and Credit 88.8 8.0 1.7 - 98.5 Corporate/Other (23.6) 1.8 4.6 (0.5) (17.7) ----- $132.0 $33.8 $10.3 $(0.5) $175.6 ====== ===== ===== ===== ======

    Year Ended December 31, 2010 ---------------------------- Merger Operating Depreciation Stock and Adjusted Other EBITDA Income and Compensation Non- (1) Routine ------ Amortization Expense Costs ------- ------------ ------- -------- LoyaltyOne $170.5 $23.8 $10.3 $ - $204.6 Epsilon 65.1 77.7 9.5 - 152.3 Private Label Services and Credit 487.0 35.2 7.8 - 530.0 Corporate/Other (86.9) 6.5 22.5 - (57.9) Intersegment (6.5) - - - (6.5) ---- --- --- --- ---- $629.2 $143.2 $50.1 $ - $822.5 ====== ====== ===== === ======

    Year Ended December 31, 2009 ---------------------------- Merger Operating Depreciation Stock and Adjusted Other EBITDA Income and Compensation Non- (1) Routine ------ Amortization Expense Costs ------- ------------ ------- -------- LoyaltyOne $166.7 $21.8 $12.2 $ - $200.7 Epsilon 49.6 69.9 8.8 - 128.3 Private Label Services and Credit 280.9 25.7 8.2 - 314.8 Corporate/Other (89.5) 7.9 24.4 3.5 (53.7) ----- --- ---- --- ----- $407.7 $125.3 $53.6 $3.5 $590.1 ====== ====== ===== ==== ======

    (1) Represents segment adjusted EBITDA and is equal to operating income plus depreciation, amortization, stock compensation expense and merger and other costs.

    Photo: http://photos.prnewswire.com/prnh/20051024/ADSLOGO
    PRN Photo Desk, photodesk@prnewswire.com Alliance Data Systems Corporation

    CONTACT: Investors/Analysts, Julie Prozeller, FD, +1-212-850-5721,
    alliancedata@fd.com; or Media, Shelley Whiddon, Alliance Data,
    +1-214-494-3811, Shelley.Whiddon@AllianceData.com; or FD, Kerry Guiliano,
    +1-617-747-3603, Kerry.Guiliano@fd.com

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




    Verizon Invested More Than $626 Million in Its Landline Infrastructure in Maryland and the Nation's Capital in 2010

    BALTIMORE, Feb. 1, 2011 /PRNewswire/ -- Consumers and businesses are reaping the benefits of Verizon's continued significant communications and computing infrastructure investment in Maryland and Washington, D.C.

    Verizon invested more than $626 million throughout the region in the company's landline communications network and information technology (IT) infrastructure in 2010.

    "For decades, Verizon has been a leading player in Maryland and D.C., helping to fuel the region's sustained economic development through aggressive investment in the latest technology for both consumers and businesses," said William R. Roberts, Verizon's president in Maryland and Washington, D.C. "From the smallest home to the largest business, Verizon's networks and technology touch lives, and our substantial investments benefit our customers, employees, suppliers and communities."

    Verizon's major landline infrastructure programs last year included:

    --  Continued deployment of the company's award-winning, 100 percent
    fiber-optic FiOS TV and FiOS Internet services.  In 2010, Verizon
    extended FiOS service to more customers across the region, with the
    services available to nearly 1.4 million area homes and businesses at
    year's end.
    --  Enhancements that further differentiate FiOS services from the
    competition.  FiOS TV provides a host of innovative, interactive
    features including an advanced interactive media guide; social TV, news,
    sports and entertainment widgets; DVR management via broadband or cell
    phone; multi-room Home Media DVR; and more.  In 2010, Verizon:
    --  Launched Flex View, which enables FiOS TV customers to take
    on-demand video programming outside of the home and view it on
    various portable devices, including a growing number of compatible
    smartphones, tablets and laptops.
    --  Revved up FiOS Internet speeds to 150 megabits per second for
    downloading and 35 Mbps for uploading - the fastest mass-market
    speeds in the country.
    --  Introduction of a new speed tier of Verizon High Speed Internet service
    (using DSL technology), with download speeds at 10 to 15 megabits per
    second, for many Maryland and D.C. customers.
    --  Deployment of fiber-optic links to wireless providers' cell sites
    throughout the region as these carriers expand their infrastructure to
    meet ever-growing demand for wireless broadband and advanced 4G
    services.  In 2010, Verizon deployed fiber optics to connect more than
    900 of these sites in Maryland and D.C.
    

    Verizon Business provides information technology and communications services to many medium- to large-business and government customers throughout Maryland and Washington, D.C. In 2010, the company continued to implement its "everything-as-a-service" strategy, introducing new cloud computing and security offerings and a host of industry-specific innovations.

    "Verizon's continued robust network and IT investment is driving the next generation of cloud computing services, which will benefit consumers and businesses alike by making new capabilities available to anyone, anywhere at the touch of a fingertip -- on a laptop, smartphone or tablet computer," said Roberts.

    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 94.1 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 194,000 and last year generated consolidated revenues of $106.6 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: Sandra Arnette, +1-410-393-7109, sandra.u.arnette@verizon.com

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

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




    Infiniti is First Automotive Manufacturer to Offer Consumer Ratings and ReviewsReviews on Seven Different Infiniti Vehicles Available Through www.InfinitiUSA.com

    FRANKLIN, Tenn., Feb. 1, 2011 /PRNewswire/ -- Recognizing both the power of recommendation and the well-established role of online research in the decision to purchase a new vehicle, Infiniti has become the first automotive company to provide consumer-generated reviews and ratings for its products on the brand's website.

    (Logo: http://photos.prnewswire.com/prnh/20080506/INFINITIBADGELOGO )

    Visitors to www.InfinitiUSA.com can read reviews from Infiniti owners. 900 reviews on seven different vehicles are currently available, and reviews will be continuously added as the brand solicits them through ongoing communication with its owners. In early 2011, Infiniti will allow owners to submit reviews directly from www.InfinitiUSA.com.

    "The Infiniti ownership experience extends well beyond the driving experience of our owners and into their lifestyle, which includes peer-to-peer and social media channels," said Ben Poore, vice president, Infiniti Business Unit. "Providing the forum for Infiniti owners to share their experience with others who are researching and considering an Infiniti is a natural extension for us of the total ownership experience. And, we know our current owners are our best advocates."

    In addition to providing consumer-generated content on its website, the Infiniti brand is active in many social media channels because Infiniti desires to connect with owners and allow them to connect with each other. For example, in recent months Infiniti Facebook members have participated in exclusive new vehicle launch driving programs for the 2011 Infiniti M and 2011 Infiniti QX.

    Infiniti's partner in adding the owner-generated content to its website is Bazaarvoice.

    "Bazaarvoice was founded five years ago with the vision of bringing the voice of the customer into the center of the brand experience," said Brett Hurt, founder and CEO of Bazaarvoice. "Infiniti's launch of Ratings & Reviews marks an important first for automotive sector and another key milestone for our company. We're proud to partner with Infiniti in giving drivers a voice on the Infiniti site and providing the information that shoppers need to move from research to purchase. Reviewers are associating words like "love," "performance", "quality," "fun to drive", and "power" with the brand, inspiring confidence in shoppers and encouraging them to spend more time with the Infiniti brand, request a brochure, visit a dealer, and ultimately become loyal Infiniti owners themselves."

    The program began this spring and will expand over the next few months as more reviews are posted to the site and additional Infiniti owners share their reviews. In addition to creating a transparent forum for people to talk about their Infiniti, the reviews also provide the brand with valuable information and insight.

    "We value this additional channel of feedback from our customers," said Poore. "Our team will be reviewing the content for insights and opportunities to continue to refine and enhance both our products and our ownership experience."

    About Infiniti

    Infiniti offers a full-line of luxury performance automobiles that inspire at every turn, including the G Coupe, Sedan and Convertible, M sedan, EX and FX crossovers, and the QX full-size SUV. More information about Infiniti and its Total Ownership Experience(R) can be found at www.InfinitiUSA.com.

    About Bazaarvoice

    Bazaarvoice's Software as a Service (SaaS) social commerce solutions have served more than 150 billion pieces of customer-generated content on more than 950 brand web sites like Best Buy, Blue Shield of California, Costco, Dell, Macy's, P&G, Panasonic, QVC, and USAA in 36 countries. The company connects organizations to their influencers through a unique network that reaches hundreds of millions of consumers around the globe, enabling authentic customer-powered marketing. Through syndication, analytics, partnerships, and consulting, Bazaarvoice brings the voice of the customer to the center of their clients' business strategy, proving "social" can drive measured revenue growth and cost savings for manufacturing, retail, travel, and financial services companies. Headquartered in Austin, the company has offices in Amsterdam, Dusseldorf, London, Paris, Singapore, and Sydney. For more information and access to client success stories, visit www.bazaarvoice.com, read the blog at www.bazaarvoice.com/blog, and follow on Twitter at www.twitter.com/bazaarvoice.

    Photo: http://photos.prnewswire.com/prnh/20080506/INFINITIBADGELOGO Infiniti

    CONTACT: Kyle Bazemore, Infiniti Product Communications, +1-615-739-8404,
    kyle.bazemore@infiniti.com, or Ray Daniels, Infiniti Product
    Communications, +1-615-725-1449, ray.daniels@infiniti.com

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




    From Chilly Climes to Sunny Spots, Verizon Wireless Customers Enjoy Hot 3G Connections This WinterNation's Largest, Most Reliable 3G Network Enhanced in Hawaii, Florida, Indiana, Michigan

    BASKING RIDGE, N.J., Feb. 1, 2011 /PRNewswire/ -- Verizon Wireless customers looking to cure the winter blues by heading to popular warm weather spots will enjoy the nation's largest and most reliable 3G network thanks to recent network enhancements.

    Two new cell sites in Hawaii have residents and travelers in Poipu, Kauai, and Waianae, O'ahu, saying "Aloha!" The Poipu, Kauai, site expands 3G wireless coverage and capacity in east Poipu, including popular vacation spots such as Grand Hyatt Kauai Resort and the Poipu Bay Resort Golf Course. The site in Waianae, O'ahu, has customers not only enjoying fun and sun along the stretch of beaches on the Farrington Highway but also expanded 3G wireless coverage and capacity. Plus, in anticipation of a significant increase in wireless activity from thousands of customers Jan. 30 at Aloha Stadium, Verizon Wireless activated a temporary mobile cell site called a COLT (Cell on Light Truck) to keep football fans in the action.

    The Sunshine State is also a little brighter for customers thanks to Verizon Wireless' $195 million investment during 2010 in Florida. This investment further enhanced wireless services and network coverage across the state, home to many popular vacation destinations.

    Chilly Midwesterners might be facing below zero temperatures, but new cell sites in Indiana and Michigan provide Verizon Wireless customers with fast and reliable 3G wireless coverage as they prepare to head to warmer climates. Indiana residents in Bloomington, Crawfordsville, Greencastle, Indianapolis and St. Croix enjoy improved data coverage with five new cell sites that boost 3G coverage. Icy temperatures and cold waters surrounding the Great Lakes State won't keep Michigan residents from booking travel to warmer climates online on their mobile devices thanks to Verizon Wireless' more than $221.3 million network investment in 2010 that included building 45 new cell sites and upgrading equipment on more than 600 existing cell sites.

    The Verizon Wireless 3G broadband network carries the millions of data sessions for customers using the latest wireless devices, including tablets, laptops and smartphones. Verizon Wireless' network enhancements are part of the company's aggressive multi-billion dollar network investment each year to stay ahead of the growing demand for voice and data services. Verizon Wireless has invested more than $65 billion in its nationwide network since it was formed - $6 billion on average every year.

    More Information Available

    --  Follow VZWNetwork on Twitter for ongoing network updates, enhancements
    and information.
    --  See video footage of Verizon Wireless' year-round network preparations
    across the country on YouTube and in the Verizon Wireless Multimedia
    Library.
    --  Find additional network announcements in the Verizon Wireless News
    Center.
    

    About Verizon Wireless

    Verizon Wireless operates the nation's fastest and most advanced 4G network and largest and most reliable 3G network, and serves more than 94 million customers. Headquartered in Basking Ridge, N.J., with 82,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone . For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.

    Verizon Wireless

    CONTACT: Brenda Boyd Raney, Verizon Wireless, +1-908-559-7518,
    Brenda.Raney@verizonwireless.com

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

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




    EarthLink Names Seasoned Financial Executive Mark Droege as Senior Vice President, Treasury & Corporate Services

    ATLANTA, Feb. 1, 2011 /PRNewswire/ -- EarthLink , a leading IP infrastructure and services company, today announced Mark Droege has joined the company as Senior Vice President, Treasury and Corporate Services. Droege will be responsible for EarthLink's treasury, risk management, procurement and real estate activities.

    Droege is a senior financial executive with over 30 years of experience in a multitude of financial disciplines, stemming from a 20-year career at BellSouth Corporation, including Treasurer and divisional CFO roles. His diverse background includes expertise in strategy, financial analysis, mergers & acquisitions, capital markets, investor relations, financial planning and budgeting, cash management, financial reporting, credit & collections, hedging and risk management.

    "EarthLink's business has expanded and evolved and we believe our company will benefit by having an executive of Mark's experience, background and caliber in this key position," commented Bradley A. Ferguson, EarthLink Chief Financial Officer. "Mark brings over thirty years of practical experience in the telecommunications industry with two decades of financial leadership at BellSouth. He is well-versed in the financial complexities of the industry segment to which EarthLink is evolving and highly respected in the financial community."

    Droege added, "I am pleased to be joining this dynamic company with a reputation for exceptional customer service. With its recent acquisitions and strong financial position, I believe EarthLink has a wealth of value-creating opportunities ahead."

    Droege spent the majority of his career at BellSouth Corporation, serving as Vice President, Treasurer from 1996 to 2000 and again from 2005 until 2007. From 2000 to 2005 Droege held the position of Chief Financial Officer of BellSouth International. He began his career at BellSouth in 1986, serving in a number of executive-level Strategic Planning, Financial Management, Investor Relations and divisional Chief Financial Officer roles. Since 2007, Droege had been Chief Financial Officer at Nsoro, LLC, and then Intellione, Inc. Prior to BellSouth, he was Chief Financial Officer of two divisions of International Thomson and began his career at Harris Corporation. Droege holds a B.A. in Mathematics from Carleton College in Minnesota; an MBA in Finance from the University of Michigan; and is a graduate of the Stanford University Executive Program.

    About EarthLink

    EarthLink, Inc. is a leading provider of Internet Protocol (IP) infrastructure and services to medium-sized and large businesses, enterprise organizations and over 1.5 million consumers across the United States. The company has been providing Internet access and communications services for decades and has earned an award-winning reputation for both outstanding customer service and product innovation. For consumers, EarthLink is a leading Internet Service Provider connecting people to the power and possibilities of the Internet. EarthLink Business(TM) provides voice, data, mobile and equipment services over a Southeast fiber network and MPLS-based services nationwide. For more information, visit EarthLink's website www.earthlink.net.

    EarthLink

    CONTACT: Investors: Louis Alterman, +1-404-748-7650, +1-678-472-3252
    (mobile), altermanlo@corp.earthlink.net; Media: Michele Sadwick,
    +1-404-748-7255, +1-404-769-8421 (mobile), sadwick@corp.earthlink.net

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




    Manpower Inc. Launches Suite of Mobile Talent Applications for Recruiters and CandidatesGlobal Innovative Workforce Solutions Provider Revolutionizes How Employers and Candidates Interact Via Smartphone Jobs Features Connecting Clients to Talent They Need Anywhere, Anytime

    MILWAUKEE, Feb. 1, 2011 /PRNewswire/ -- Manpower Inc. today announced it has launched a suite of mobile talent applications that will allow employers and candidates greater on-the-go interaction with potential candidates, giving clients up-to-the-minute access to the talented individuals they need to help achieve their business goals, and making it easier for candidates to search for a job.

    (Logo: http://photos.prnewswire.com/prnh/20060221/CGTU012LOGO)

    "Worldwide, Manpower is revolutionizing the way candidates and employers interact. As we enter the Human Age and experience tumultuous shifts around the world, it will not be technology that will define this new era but rather how we interact with this new technology as humans," said Jeffrey A. Joerres, Manpower Inc. Chairman and CEO. "The inescapable pressure to do more with less through the recession has awakened employers to the true power of humans, and it is human potential itself, empowered and unleashed via technology and more, that is emerging as the catalyst for economic growth."

    Manpower's new applications, the Direct Talent Recruiter Mobile Application, the Direct Talent iPhone Application and the Direct Talent Candidate Mobile Application, provide innovative features via many different operating systems designed to bridge the gap between candidates and clients. Candidates can apply for a job using "Quick Apply" with their name, email address and telephone number or with their LinkedIn(R), profile. They can also connect quickly and easily with a Manpower branch office, search jobs by employment type -- temporary, contract or permanent roles -- and location, and receive notifications directly to their iPhone or other smartphones.

    Manpower's recruiter application provides a simple way for recruiters to search for and contact candidates or applicants. They can search for candidates using keywords and by location, view resumes, contact candidates at the touch of a button and create requests for talent. The application increases the percentage of client-candidate matches by broadening the talent pool, reduces the time to satisfy clients' needs by making the search and match process available anywhere, anytime, and increases the percentage of accurate placements by finding more qualified candidates.

    "The growing mismatch between the talent available and the skills businesses need continues to grow -- which is frustrating employers and individuals alike," added Joerres. "These new applications leverage cutting-edge technology to broaden the application pool and ensure a speedy, accurate match between qualified candidates and the employers who need their expertise. Individuals can search for a job anywhere, anytime, increasing candidate attraction."

    Soon to be rolled out in multiple countries, Manpower Canada's web-based video interviewing technology, "Candidate Studio," allows clients to preview candidates via a "playlist" from any location, including their smartphones, to gain intuitive impressions in a quick and convenient way. In Belgium, Manpower Business Solutions partnered with Teleportel to introduce the "Virtual Image Officer." This virtual receptionist communicates with visitors to a company via a video screen and is a real person who makes genuine eye contact with the visitor, not a computer animation. This new technology supplies clients with high-quality people who quickly assimilate to become ambassadors of their business, while at the same time reducing costs and increasing business flexibility.

    To learn more about Manpower's candidate application, visit http://itunes.apple.com/us/app/find-jobs/id384744007?mt=8#. Manpower has also launched the "World of Work Insights" application on Apple's popular iPad, to provide dynamic access to the company's insight and substantial research on the most critical trends and issues affecting today's global economy. To learn more about this application, visit: http://itunes.apple.com/us/app/world-of-work-insights/id413666954?mt=8

    About Manpower Inc.

    Manpower Inc. , world leader in innovative workforce solutions; creates and delivers services that enable its clients to win in the changing world of work. With over 62 years' experience, Manpower offers employers a range of services and solutions for the entire employment and business cycle including permanent, temporary and contract recruitment; employee assessment and selection; training; outplacement; outsourcing and consulting. Manpower's worldwide network of nearly 4,000 offices in 82 countries and territories enables the company to meet the needs of its 400,000 clients per year, including small and medium sized enterprises in all industry sectors, as well as the world's largest multinational corporations. The focus of Manpower's work is on raising productivity through improved quality, efficiency and cost-reduction across their total workforce, enabling clients to concentrate on their core business activities. Manpower Inc. operates under five brands: Manpower, Manpower Professional, Elan, Jefferson Wells and Right Management. More information about Manpower Inc. is available at www.manpower.com.

    Enter the Human Age at: www.manpower.com/humanage

    Photo: http://photos.prnewswire.com/prnh/20060221/CGTU012LOGO
    PRN Photo Desk, photodesk@prnewswire.com Manpower Inc.

    CONTACT: Mark Jelfs, +1-414-906-6675, mark.jelfs@manpower.com, or Britt
    Zarling, +1-414-906-7272, +1-414-526-3107, britt.zarling@manpower.com, both
    of Manpower Inc.

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




    Verizon Wireless Invests Nearly $38 Million In 2010 to Enhance Kentucky Network

    LOUISVILLE, Ky., Feb. 1, 2011 /PRNewswire/ -- Verizon Wireless announced today it invested nearly $38 million in 2010 to enhance its network in Kentucky. The enhancements included building 14 new cell sites and upgrading equipment on more than 200 existing cell sites to increase coverage and capacity of the company's voice and 3G high-speed wireless network.

    "While our company is focused on building out our 4G network nationwide over the next few years, we remain committed to improving our 3G network that millions of customers rely on every day - here in Kentucky and across the United States," said John Granby, president-Kentucky/Indiana/Michigan Region, Verizon Wireless. "Customers may use their wireless devices in different ways, but they all have one need in common - a reliable network. Regardless of how Kentuckians rely on their wireless devices, whether it's ensuring they can keep in touch with loved ones during an ice storm or they can share their experience at the Kentucky Derby via their favorite social networking site, we will stay ahead of our customers' increasing demands for fast and secure wireless data services."

    Since the company was formed in 2000, Verizon Wireless has invested nearly $345 million on improvements to its network in Kentucky, including the following upgrades made in 2010:

    --  Fourteen new cell sites were activated statewide to improve network
    coverage and capacity, enabling more customers to use their phones for
    social networking, Internet browsing, downloading apps and music,
    exchanging email and text, picture and video messages, watching
    high-quality videos and making calls.
    --  Performance-based equipment was installed at more than 200 cell sites
    across Kentucky, thereby boosting capacity of the company's advanced 3G
    high-speed wireless network as well as improving its speed and
    performance.
    --  Permanent backup generators were installed at 16 Kentucky cell sites to
    ensure network functionality during times of crisis.
    --  Temporary cell sites were deployed at various high-profile events to
    beef up network capacity, so that more customers can concurrently use
    their wireless devices. The temporary cell sites are fully functional,
    generator-powered mobile cell sites that enhance wireless capacity in a
    given area and work especially well at events with large crowds,
    including Thunder Over Louisville, Kentucky Derby, Breeders Cup (all in
    Louisville),Alltech FEI World Equestrian Games (in Lexington) and
    IndyCar Race at Kentucky Speedway (in Sparta).
    

    For Verizon Wireless Updates on Twitter

    Stay in the know about Verizon Wireless news in Kentucky by following @VZWLouisville on Twitter at http://twitter.com/VZWLouisville or @VZWMichelle on Twitter at http://twitter.com/vzwmichelle. For the latest network-related news, information and upgrades, follow @VZWNetwork on Twitter at http://twitter.com/VZWNetwork.

    About Verizon Wireless in Kentucky

    In Kentucky, Verizon Wireless has more than 150 employees and 120-plus locations including company-owned retail stores, indirect agents and national retailers.

    About Verizon Wireless

    Verizon Wireless operates the nation's fastest and most advanced 4G network and largest and most reliable 3G network, and serves more than 94 million customers. Headquartered in Basking Ridge, N.J., with 82,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone . For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.

    Verizon Wireless

    CONTACT: Michelle Gilbert, of Verizon Wireless, +1-248-915-3680,
    michelle.gilbert@verizonwireless.com; or Bonnie Hackbarth for Verizon
    Wireless, +1-502-625-1658, bhackbarth@guthriemayes.com

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




    EMC Greenplum Introduces Free Community Edition of 'Big Data' Tools for Developers and Data ScientistsIndustry-Wide Data Collaboration and Innovation is Enabled by Free EMC Greenplum Database Edition, Open Source Analytic Algorithms from MADlib, and Alpine Miner Visual Modeler

    SANTA CLARA, Calif., Feb. 1, 2011 /PRNewswire/ -- Strata 2011 -- EMC Corporation , the world leader in information infrastructure solutions, today introduced a free Community Edition of the EMC(R) Greenplum(R) Database, the industry-leading, high-performance massively parallel processing (MPP) database product, along with free analytic algorithms and data mining tools. The announcement is being made today at the 2011 O'Reilly Strata Conference (Feb 1-3, 2011) in Santa Clara, CA, where Scott Yara, vice president, EMC Data Computing Products Division, will speak. Free downloads are immediately available at http://community.greenplum.com.

    Building on earlier Greenplum "Big Data" breakthroughs, like the EMC Greenplum Data Computing Appliance, the new EMC Greenplum Community Edition removes the cost barrier to entry for big data power tools empowering large numbers of developers, data scientists, and other data professionals. This free set of tools enables the community to not only better understand their data, gain deeper insights and better visualize insights, but to also contribute and participate in the development of next-generation tools and solutions. With the Community Edition stack, developers can build complex applications to collect, analyze and operationalize big data leveraging best of breed big data tools including the Greenplum Database with its in-database analytic processing capabilities.

    "Our new Community Edition provides a parallel-everything "Big Data" stack with unequaled speed that enables analysts to perform next-generation data analytics and experiment with real-world data, and most importantly -- innovate," explained Luke Lonergan, CTO and vice president, EMC Data Computing Products Division and co-founder of Greenplum. "This project is about empowering developers - they can program using the most popular tools and they have a place to contribute open source extensions to the stack."

    The free EMC Greenplum Community Edition includes:

    1. Greenplum Database CE, an industry-leading massively parallel processing
    (MPP) database product for large-scale analytics and next-gen data
    warehousing.
    2. MADlib, the open source analytic algorithms library, providing
    data-parallel implementations of mathematical, statistical and machine
    learning methods for structured and unstructured data.
    3. Alpine Miner, an up and coming third party analytics tool, is an
    intuitive visual data mining modeler that delivers rapid "modeling to
    scoring" capabilities, leverages in-database analytics, and is
    purpose-built for "big data" applications.
    

    Community Benefits

    The initial release of the EMC Greenplum Community Edition is designed for both first-time users and experienced Greenplum customers. First-time users gain access to a comprehensive, purpose-built business analytics environment that enables them to view, modify and enhance included demo data files, enabling experimentation with "Big Data" analytical tools within the Greenplum database. Existing users can download an upgraded version of Greenplum Database CE and analytic tools for integration into their development and research environments.

    The Community Edition can be downloaded as a pre-configured VMWare virtual appliance for use on laptops and desktops, or as a set of packages for deployment on user machines. All users are free to participate in new Greenplum Community Forums to get support, collaborate, post ideas, and test enhancements developed by various users independently.

    Availability

    Starting February 1, 2011, the EMC Greenplum Community Edition can be downloaded free of charge from http://community.greenplum.com. Regular Community Edition updates will be made available online. The Community Edition is intended for experimentation, development and research purposes only. Current Single-Node Edition users can deploy the new Community Edition in their single-node production environments. Greenplum commercial licenses must be purchased prior to using code for internal data processing or for any commercial or production purpose.

    About the MADlib Environment

    MADlib (magnetic, agile and deep) is an open-source library for scalable in-database analytics. It provides data-parallel implementations of mathematical, statistical and machine learning methods for structured and unstructured data. MADlib is designed to foster widespread development of scalable analytic skills, by harnessing efforts from commercial practice, academic research and open-source development.

    About EMC Greenplum Database

    EMC Greenplum Database utilizes a shared-nothing massively parallel processing (MPP) architecture designed from the ground up for business intelligence and analytical processing on commodity hardware. Data is automatically partitioned across multiple segment servers, and each segment owns and manages a distinct portion of the overall data. This 'shared-nothing' architecture means that all communication is done through a network interconnect and there are no disk-level sharing or contention issues to address. More information about Greenplum Database is available at www.greenplum.com/products/greenplum-database.

    About EMC

    EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at www.EMC.com

    EMC and Greenplum are trademarks or registered trademarks of EMC Corporation in the U.S. and other countries. All other trademarks are the property of their respective owners.

    This release contains "forward-looking statements" as defined under the Federal Securities Laws. 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: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) our ability to protect our proprietary technology; (iv) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (v) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (vi) competitive factors, including but not limited to pricing pressures and new product introductions; (vii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (viii) component and product quality and availability; (ix) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (x) insufficient, excess or obsolete inventory; (xi) war or acts of terrorism; (xii) the ability to attract and retain highly qualified employees; (xiii) fluctuating currency exchange rates; and (xiv) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.

    EMC Corporation

    CONTACT: David Oro, +1-707-558-8585, david@orogroup.com

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




    Leading Analyst Firm Places Teradata as a Leader in Data Warehouse Database Management Systems Magic QuadrantCompleteness of Vision and Ability to Execute are basis of evaluation

    SAN DIEGO, Feb. 1, 2011 /PRNewswire/ -- Teradata Corporation announced today that it is positioned in the Leaders Quadrant in the Gartner, Inc. 2010 Magic Quadrant for Data Warehouse Database Management Systems, Donald Feinberg, Mark A. Beyer, January 28, 2011. The annual report positions vendors based on their completeness of vision in the data warehouse DBMS market and their ability to execute on that vision.

    (Logo: http://photos.prnewswire.com/prnh/20090909/TERADATALOGO )

    NOTE to Editors and Readers: the full release with the Magic Quadrant chart and links to relevant news and other source information is available in the Teradata News Room at http://bit.ly/fMC8u7

    Gartner defines the Leaders' Quadrant for data warehouse DBMS as containing "vendors that demonstrate the greatest degree of support for data warehouses of all sizes, with large numbers of concurrent users and the management of mixed data warehousing workloads. These vendors lead the market in data warehousing by consistently demonstrating customer satisfaction and strong support, as well as longevity in the data warehouse DBMS market, with strong hardware alliances. Hence, leaders also represent the lowest risk for successful data warehouse implementations, in relation to, among other things, performance with increasing mixed workloads, database sizes and complexity. Additionally, the market's maturity demands that leaders maintain a strong vision for the key trends of the past year: mixed-workload management for end-user service-level satisfaction and data volume management."

    "We focused on our customers' needs and released Teradata Database 13.10 that supports improved compression, extensibility with our open parallel virtual machine technology and the industry's first true bi-temporal functionality providing for point-in-time analyses," Scott Gnau, Teradata Chief Development Officer, said. "These improvements are available across the entire Teradata Purpose-Built Platform family."

    "Gartner noted that Teradata came out fighting in 2010, and we will continue to innovate in ways that deliver value to our customers," said Darryl McDonald, executive vice president of applications, business development, and CMO, Teradata. "In 2010, Teradata Labs delivered time and again, with products such as the industry's only solid state data warehouse, the Teradata Extreme Performance Appliance, a hyper-analytic data warehouse that delivers results to customers with blazing speed. Teradata will continue to wow customers with our attention to their needs, so that they can compete and win on analytics, and drive greater insights from new forms of big data."

    The Teradata Data Warehouse Appliance is a strong competitor in the market. Teradata extends its benefits to customers through strategic partnerships, such as with new partner Cloudera which helps companies derive greater insight from unstructured data, and with SAS which brings greater business analytics.

    "For those who know Teradata, this Gartner report should come as no surprise. We are dedicated to providing world-class service in data warehousing," said McDonald.

    Read the Gartner 2010 Data Warehouse DBMS Magic Quadrant report on the Teradata website.

    About The Magic Quadrant

    The Magic Quadrant is copyrighted 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

    About Teradata

    Teradata Corporation is the world's largest company solely focused on raising intelligence and achieving enterprise agility through its database software, enterprise data warehousing, data warehouse appliances, consulting, and enterprise analytics. Visit Teradata on the web at www.teradata.com.

    Teradata is a trademark or registered trademark of Teradata Corporation in the United States and other countries.

    Photo: http://photos.prnewswire.com/prnh/20090909/TERADATALOGO Teradata Corporation

    CONTACT: D'Anne Hotchkiss, Teradata Corporation, +1-609-433-1715,
    D'Anne.Hotchkiss@teradata.com

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




    Keep Your Phone Connection Warm During the Cold: Tips From Verizon Wireless

    DALLAS, Feb. 1, 2011 /PRNewswire/ -- With an Arctic front bearing down on North Texas promising colder temperatures during football's biggest week, Verizon Wireless, owner and operator of the nation's largest and most reliable 3G network, offers the following tips to help consumers use their wireless phones when it's cold outside:

    --  Keep your phone fully charged.  Cold temperatures can run down the
    phone's battery charge more quickly.  Use a car charger to keep the
    phone's charge if you get stranded or stuck in traffic on icy or snowy
    roads.  Think about an extra battery as backup.
    --  Handle your phone with care.  The display screen can become brittle when
    exposed to cold temperatures for long periods of time.
    --  Keep your phone in a warm place; avoid leaving it in an outside pocket
    or backpack or in the car overnight.  When outside in the cold weather,
    carry your phone in an inside jacket pocket, keeping it close to your
    body for warmth.
    --  Remember you can't dial or access the keyboard on a touch screen with
    gloves, so consider investing in a pair of finger-flip gloves.
    --  Download free winter apps to your phone from Android Market(TM) such as:
    --  Winter Weather Outlooks - Allows you access to the National Weather
    Service Winter Weather Outlooks, so you'll know what kind of winter
    weather is headed your way.
    --  How Cold Is It? - A wallpaper that changes color depending on the
    outside temperature - deep red when it's hot and icy white when it's
    freezing.
    --  ShoppeHUB - This app allows you to make secure purchases on cold
    weather gear, including winter clothing.
    --  Coffee Recipes - Choose from more than 90 easy coffee recipes that
    will be sure to keep you warm.
    

    Year-Round Network Commitment

    Verizon Wireless works year-round to enhance wireless service, increase calling capacity, and add new services nationwide. Since the company was formed, Verizon Wireless has invested more than $60 billion in its nationwide network - $5.7 billion on average every year.

    More Information Available

    --  Follow VZWNetwork on Twitter for ongoing network updates, enhancements
    and information.
    --  See video footage of Verizon Wireless' year-round network preparations
    across the country on YouTube and in the Verizon Wireless Multimedia
    Library.
    --  Find additional information on Verizon Wireless at
    www.verizonwireless.com.
    

    About Verizon Wireless

    Verizon Wireless operates the nation's fastest and most advanced 4G network and largest and most reliable 3G network, and serves more than 94 million customers. Headquartered in Basking Ridge, N.J., with 82,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone . For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.

    Verizon Wireless

    CONTACT: Audrey Lundy of Verizon Wireless, +1-972-444-5516,
    Audrey.Lundy@verizonwireless.com

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




    OnStar to Show Smart Energy Management SolutionsNew technologies at DistribuTECH will help utilities and electric vehicle customers

    SAN DIEGO, Feb. 1, 2011 /PRNewswire/ -- Smart energy management technologies from OnStar that will help electric vehicle customers and utilities plan better and save money will be demonstrated at DistribuTECH, the utility industry's leading smart grid conference and exposition.

    Each of the demonstrations will highlight how OnStar can be used with smart grid technology to efficiently manage the electricity demand of electric vehicles. A Chevrolet Volt, the world's first electric vehicle with extended range capability, will be used in the demonstrations.

    "Managing electricity supply and demand has always been extremely complex," said Nick Pudar, Vice President of Planning and Business Development at OnStar. "The embedded technology of OnStar allows for accurate monitoring and controlling of the energy used by electric vehicles like the Volt. No other telematics service can offer these capabilities."

    The demonstrations will include:

    --  Demand response -- This solution will connect utilities to companies
    like GE and Comverge that have intelligent energy management products.
    GE and Comverge will demonstrate the use of OnStar to continually
    monitor and manage energy usage for Volt customers who opt in for the
    service. This future service allows the customer to save money on energy
    costs while enabling more efficient use of the electric grid.
    --  Time-of-Use (TOU) rates -- OnStar can receive dynamic time-of-use
    pricing from utilities and notify Volt owners of the rate plan offers
    via email. Owners can use OnStar to load the rate plans directly into
    their vehicle and access them to schedule charging during lower-rate
    periods.
    --  Data gathering -- OnStar also sends and receives EV data that helps
    utility providers without having to interface with the vehicle's
    electric vehicle supply equipment. This includes location-based EV data
    that identifies charging locations and determines potential load
    scenarios.
    --  Vehicle-to-Home Integration Technology -- OnStar will be exhibiting
    alongside Tendril at Booth #1329 to provide attendees with a look at how
    the Tendril technology platform enables vehicle-to-home integration,
    simplifying energy management and the implications for future connected
    home applications.
    

    The integration and demonstration of these OnStar smart energy management technologies is part of a demonstration program with participating utilities across the United States. The program is made possible with a grant of more than $30 million from the Transportation Electrification Initiative administered by the U.S. Department of Energy through the American Recovery and Reinvestment Act.

    A video overview (embeddable) is available at http://gmtv.feedroom.com in the OnStar Channel.

    About OnStar

    OnStar, a wholly owned subsidiary of General Motors, is the leading provider of connected safety and security solutions, value-added mobility services and advanced information technology. Currently available on more than 40 MY 2011 GM models, OnStar soon will be available for installation on most other vehicles already on the road through local electronics retailers, including Best Buy. OnStar safely connects its more than six million subscribers, in the U.S., Canada and China, in ways never thought possible. OnStar Stolen Vehicle Slowdown is a recipient of the 2010 Edison Award for Best New Product in the technology category. More information about OnStar can be found at www.onstar.com.

    General Motors

    CONTACT: Adam Denison, OnStar Communications, adam.denison@onstar.com,
    +1-313-600-5479

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




    TagStation Now Available to Listeners of all Emmis Music Stations

    INDIANAPOLIS, Feb. 1, 2011 /PRNewswire/ -- Emmis Communications today announced that all of its FM and HD radio domestic music stations, from Los Angeles to New York City, have implemented TagStation((TM)), which enables listeners on Apple devices to tag songs played over-the-air by FM and HD Radio tagging capable radio receivers.

    "We're thrilled with this product," Paul Brenner, Emmis CTO said. "It offers our iPod, iTouch, iPhone and automobiles with iTunes listeners an accurate artist and title on the radio display along with the ease of iTunes tagging with the behind-the-scenes needs of programmers handled as well. It's affordable, easy to use, does not interfere with other RDS and HD Radio data transmissions and interfaces with any on-air playout system for source data and industry compliant RDS or HD Radio for transmission systems." "We look forward to building on the TagStation investment to support advanced features such as the Artist Experience."

    TagStation, developed by Emmis Interactive and Broadcast Electronics (BE), provides an easy interface for correcting and inserting consistent artist and title information for FM and HD Radio text displays. Programming departments have an option to upload a playlist or leave the system to learn songs automatically as they play. TagStation is able to auto-match most of songs with the industry standard database and then email accuracy report to programmers, who have the option to manually adjust any song matching discrepancies through the self-service online portal.

    "TagStation represents a significant break-through in the broadcast radio industry. The ease of implementation and the rich functionality not only enables broadcasters to deliver today's services, such as tagging and rich meta-data, but prepares stations to deliver the next generation of multi-media services such as station logo and Artist Experience," said Joseph D'Angelo, iBiquity Senior VP, Broadcast Programs and Advanced Services. "Enriching the broadcast radio experience with this type of associated content and services is critical to ensure a compelling listener experience in the current digital age."

    Radio broadcaster support of accurate song artist and title associated with tagging data is a prominent, must-have feature for FM and HD Radio in mobile handsets and dashboards. All broadcasters, not just Emmis, should be working to implement elegant solutions like TagStation.

    Emmis Communications - Great Media, Great People, Great Service(R) Emmis is an Indianapolis-based diversified media firm with radio broadcasting and magazine publishing operations. Emmis owns 21 FM and 2 AM domestic radio stations serving the nation's largest markets of New York, Los Angeles and Chicago, as well as St. Louis, Austin, Indianapolis and Terre Haute, Ind. Emmis also owns a radio network, international radio stations, regional and specialty magazines, an interactive business and ancillary businesses in broadcast sales.

    Emmis Communications

    CONTACT: Karen Dynes, Emmis Communication Corp , +1-317-266-0100,
    kdynes@emmis.com

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




    Customer Spotlight: T-Mobile USA and Xerox Adopt the Windows Azure Platform in the Development of Key ApplicationsCloud apps bring families together and make road warriors more productive.

    REDMOND, Wash., Feb. 1, 2011 /PRNewswire/ -- Microsoft Corp. announced today that T-Mobile USA Inc. and Xerox Corp. have adopted the Windows Azure platform and are creating new services and gaining greater efficiencies through cloud computing. This announcement comes as Microsoft celebrates the one-year anniversary of Windows Azure Platform availability.

    (Logo: http://photos.prnewswire.com/prnh/20000822/MSFTLOGO)

    "These companies are creating new solutions and businesses in record time that reinforce the new possibilities created by the cloud," said Doug Hauger, general manager, Windows Azure, Microsoft. "A company can quickly use the power of the Windows Azure platform to scale and meet the demands of any market. Success is no longer limited by computing capacity, capability or cost, it is now a matter of imagination and execution."

    The Windows Azure platform has enabled T-Mobile and Xerox to address customer needs quickly with innovative solutions that are cost-effective and reliable.

    T-Mobile USA

    Wireless services provider T-Mobile was preparing to create Family Room, a new mobile software application that helps families share photos and coordinate activities, like a family movie night, across multiple devices. Working under a tight deadline, the developers chose Windows Azure and SQL Azure, along with Microsoft Visual Studio 2010 and Windows Phone 7, as the solution to fit their needs.

    By using the Windows Azure cloud services and integrated development environment, T-Mobile was able to create and launch Family Room in just six weeks. Using a cloud-based computing environment has also cut down on management duties and freed up T-Mobile's developers to spend more time creating new features.

    "I'm confident that as we move forward and implement richer feature sets, Windows Phone 7 and the Windows Azure platform will be able to scale and support a lot of capabilities," said Joshua Lipe, product manager of Devices, T-Mobile.

    Xerox

    As an industry leader in managed print services (MPS), Xerox expanded its MPS capabilities in 2010 by introducing Xerox Mobile Print, a solution that allows its workers to send documents to any printer in the company from a handheld device, such as their smartphone.

    Xerox has since expanded on that concept to create Xerox Cloud Print, a cloud-based printing service that allows end users to route a printing job to any available public printer directly from their mobile devices. Now, when employees are traveling on business, they can do things like quickly print a presentation for tomorrow's client meeting without having to spend countless hours at a local hotel business center. By running Windows Azure and SQL Azure, developers were able to build Xerox Cloud Print in just four months.

    "For a very small investment, we can try a new project and see if it works, close it down tomorrow, or ramp it up immediately," said Eugene Shustef, chief engineer of Global Document Outsources at Xerox. "The Windows Azure platform enables us to do that -- cloud computing lowers the barrier to innovation."

    More Information

    The solutions that these customers have built reinforce the power and possibilities of cloud computing and show that the future is limitless. More information about which companies are deploying the Windows Azure platform can be found at the Windows Azure website.

    Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

    Photo: http://photos.prnewswire.com/prnh/20000822/MSFTLOGO
    PRN Photo Desk, photodesk@prnewswire.com Microsoft Corp.

    CONTACT: Rapid Response Team of Waggener Edstrom Worldwide,
    +1-503-443-7070, rrt@waggeneredstrom.com, for Microsoft

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




    TI DLP(R) Unveils Interactivity for 3D Learning and Multiuser Ability for DLP Interactive Projectors to Promote Hands-on LearningThe combined 3D-Ready and interactive projector with dual-pen capability offers more opportunities for student engagement

    ORLANDO, Fla., Feb. 1, 2011 /PRNewswire/ -- Further advancing collaboration in the classroom, Texas Instruments (TI) DLP(R) Products announces dual-pen and 3D interactive projectors at FETC this week. With this technology come richer and broader engagements between teachers and their students as well as between students and their classmates.

    (Logo: http://photos.prnewswire.com/prnh/20110201/LA39249LOGO)

    The versatility of DLP's micromirror chip design also extends to technological collaboration. DLP technology has the unique ability to work with both passive and active 3D displays as well as a variety of light sources including lamp, laser and LED, offering schools and manufacturers a variety of options for displaying and interacting with projected content.

    One example of this is DLP's interactive projector, which allows teachers and students to manipulate projected images on any surface with the touch of a pen or from a distance without the need for calibration. Using a special interactive pen that functions similarly to a wireless mouse, teachers and students can interact with an image on the screen from up to 7 meters away by simply rolling, pointing, clicking, scrolling, navigating and writing.

    With new dual-pen capabilities classrooms can have two students interacting with the projected image at the same time. DLP dual-pen interactive projectors also work in conjunction with 3D to create interactive 3D teaching opportunities. Imagine multiple students racing each other to solve math equations projected on the ceiling or students viewing Earth in 3D and taking turns using the pen to break apart the earth into layers, all from wherever they are sitting in the classroom.

    In addition, projectors such as the one launching this week from Acer are now available with SXGA+ chipsets. This chip provides increased resolution for readable text and graphics at a distance. The 1400x1050 resolution ensures students sitting in the back of the room see crisp, clear images, which is especially important for viewing letters, numbers and other highly detailed objects. This higher resolution also displays more content on the screen at one time, making it easier to view complex, detailed spreadsheets without having to scroll.

    "Technology is a powerful enabler for positive change in classrooms and something Texas Instruments has been dedicated to for decades," says Roger Carver, manager of Front Projection, DLP Products. "In collaboration with our projector manufacturing and education ecosystem partners, we're developing innovative technologies to transform education for the better, and these interactive solutions are great examples of that. Not only do they foster an environment of collaboration, they're reliable and easy to use, so teachers can spend more time teaching."

    3D technology for the classroom is providing a rich interactive experience and being aggressively adopted worldwide with over 1 million 3D-enabled projectors on the market today. TI DLP is driving 3D adoption through unique technological capabilities such as these:

    --  Serving both passive and active 3D solutions and a variety of light
    sources
    --  Acting as the sole technology able to provide 3D through a
    single-projector solution
    --  Enabling 3D-Ready and interactive projectors to also function as
    standard systems, essentially future-proofing classrooms by allowing for
    self-paced technology adoption
    --  Offering lamp-free projector solutions to save time, money and energy
    consumption
    

    TI DLP 3D Worldwide Pilot Programs

    Starting in March 2010, TI DLP launched 3D pilot programs in grade schools across the globe, allowing students to experience the unique learning environment brought about by 3D projection technology. Now, nearly one year later, DLP has 3D pilot programs across five EU countries (Finland, France, Netherlands, Turkey and United Kingdom) and India as well as 30 classrooms in the United States and with plans to roll out programs in Germany, Italy and Latin America in the next six months.

    Sharyn Gabriel, principal of Ocoee Middle School and recently named the Outstanding Technology Leader in Education in 2010-2011 by the Florida Society for Technology in Education, introduced 3D into the school's classrooms last year, and has seen great results with the technology. "I've believe that low test scores are indicators of students who are disengaged rather than unintelligent, which is why at Ocoee we arm students with the tools they need to be drivers in their education," says Gabriel. "Our teachers enjoy using 3D because it bridges the gap between ability and interest as it brings an interactive experience to the classroom that encourages students to engage with the content, explore their curiosities and ultimately provides them with a deeper level of understanding."

    Multiple manufacturers and brands will be at FETC showing interactive products with DLP technology. Among them are 3M, Acer, Dell, Optoma, Promethean, PolyVision, Sanyo, SMART and Vivitek, many of which will be showing some of the first products with SX+ resolution, dual-pen interactivity and/or interactive 3D capabilities.

    To experience this technology firsthand, be sure to check out Texas Instruments DLP at FETC in booth #401, and visit DLP projector manufacturers' exhibits throughout the show floor.

    To access the latest news, images and other digital content for DLP products from Texas Instruments, check out the online press kit at www.DLP.com/FETC2011. You can also follow DLP on Twitter at @TI_DLP, and view videos on DLP's YouTube page, www.YouTube.com/DLPTechnology.

    For more information on DLP products, please visit www.DLP.com.

    About Texas Instruments DLP Products

    Since 1996, Texas Instruments' award-winning DLP display technology has powered the world's top projectors and displays, delivering pictures rich with color, contrast, clarity and brightness to screens of all sizes. DLP's technology spans movie theaters (DLP Cinema(R)) and large-scale, professional venues; in conference rooms, classrooms, and home theaters; and with DLP Pico(TM)-enabled mobile devices, the ability to project images from the palm of your hand. Every DLP chip features an array of up to 2.2 million microscopic mirrors that switch at ultra high speeds -- an innovative advantage that remains cutting edge and ideal for current and future applications alike. The results are high-resolution, highly reliable, razor-sharp images that even work with fast motion video. To learn more about DLP technology, please visit www.DLP.com, or follow DLP on Twitter at www.Twitter.com/TI_DLP.

    About Texas Instruments

    Texas Instruments helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through design, sales and manufacturing operations in more than 30 countries. For more information, go to www.TI.com.

    Photo: http://photos.prnewswire.com/prnh/20110201/LA39249LOGO
    PRN Photo Desk, photodesk@prnewswire.com Texas Instruments DLP

    CONTACT: Kateri Gemperle of TI DLP Products, +1-214-567-3617,
    kateri@ti.com; or Katie Ryan of Waggener Edstrom Worldwide ,
    +1-512-217-2179, kryan@waggeneredstrom.com, for TI DLP Products

    Web site: http://www.ti.com//
    http://www.dlp.com/




    Scott Worthington Appointed CFO of Biosign

    TORONTO, Feb. 1 /PRNewswire-FirstCall/ - Biosign Technologies Inc. announces the formal appointment of Scott Worthington as Chief Financial Officer.

    Mr. Worthington has over 30 years of senior financial and executive management experience, including 9 years at Dell Computer Corporation, where he held numerous positions including Chief Financial Officer of the Canadian subsidiary. From 2008 to 2010, Mr. Worthington was Chief Financial Officer of NetShelter Technology Media, an advertising and media consulting firm, which provided services to over 160 leading independent technology websites, with over 124 million unique visitors per month. Prior to NetShelter, Mr. Worthington served as WaveRider Communication Inc.'s Vice President and Chief Financial Officer for eight years. Mr. Worthington has a Bachelor of Business Administration from York University and is a Chartered Accountant.

    "Scott has shown a great level of understanding, commitment, and passion for the business since joining us as interim CFO in October 2010," stated Peter Tassiopoulos, CEO of Biosign. "His background and experience in technology operations is extremely relevant. He is a dynamic individual that will help us achieve our corporate goals."

    About Biosign Technologies Inc.
    Biosign Technologies Inc. provides biomedical systems. Key applications include intelligent systems for noninvasive monitoring of common health risks associated with blood pressure, glucose, and medication. The core technology combines measurement, analysis, and rapid knowledge formation to support health monitoring across global markets. The UFIT(R) medical device technology powers quality data collection and analytics for clinical diagnostics, self-care, wellness, disease state evaluation & management, and remote patient monitoring. For more information on Biosign, please visit www.biosign.com


    Forward-Looking Statements
    This release contains forward-looking statements. Forward-looking statements, without limitation, may contain the words believes, expects, anticipates, estimates, intends, plans, or similar expressions. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions and Biosign's actual results could differ materially from those anticipated. Forward looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. In the context of any forward-looking information please refer to risk factors detailed in, as well as other information contained in, Biosign's filings with Canadian securities regulators (www.sedar.com).


    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Biosign Technologies Inc.

    CONTACT:
    Peter Tassiopoulos Alan S. Roemer, SVP

    Biosign Technologies Inc. The Trout Group LLC

    Phone: (416) 218-9800 ext. 234 Phone: 646 378-2900

    Email: ceo@biosign.com Email: aroemer@troutgroup.com




    Dominion Virginia Power Makes It Faster, Easier to Manage Your Account Online- Customers can conduct transactions any time, day or night- Enhanced look, feel make it easier, faster to use- Electronic transactions eliminate paper, save money

    RICHMOND, Va., Feb. 1, 2011 /PRNewswire/ -- Dominion Virginia Power has utilized customer feedback to redesign its "Manage Your Account" (MYA) online transaction system and make it easier and faster to use.

    "Manage Your Account has a new look and feel," said Gianna Clark, vice president, customer service operations. "It allows customers to self-serve 365 days a year while ensuring that everything is done in real-time to ensure exceptional customer service."

    More than 800,000 customers have enrolled in MYA. Customers who enroll in MYA can conduct these safe, secure online transactions:

    --  Sign up for automatic payment, make payments and payment arrangements;
    --  Start, stop or transfer service;
    --  Update mailing address and phone number;
    --  Request a payment extension;
    --  Get your budget bill amount and sign up;
    --  Get current account information;
    --  View billing and payment history;
    --  Check and compare your usage history;
    --  Enroll in Energy Conservation Programs and Dominion Green Power(SM);
    --  View and print copies of bills from prior 12 months;
    --  Get credit reference letters;
    --  Check status of requests for service and make updates, and
    --  Check the status of power outages or electrical problems.
    

    "We engaged customers early in the redesign process to make the site easier to navigate while continuing to offer the transactional features our customers have come to expect," Clark said.

    Customers can enroll in Manage Your Account at Dominion's website, www.dom.com, keyword: Manage Your Account. It's free. It's secure. It's for you.

    Dominion is one of the nation's largest producers and transporters of energy, with a portfolio of more than 27,600 megawatts of generation. Dominion operates the nation's largest natural gas storage system and serves retail energy customers in 13 states. For more information about Dominion, visit the company's website at www.dom.com.

    Follow us on Twitter at: http://www.twitter.com/DomVAPower

    Dominion Virginia Power

    CONTACT: Karl Neddenien, +1-804-771-6115, Karl.R.Neddenien@dom.com

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




    Orkin Launches Bug Battle iPhone Application Feb. 1Downloads Benefit Battle Against Malaria

    ATLANTA, Feb. 1, 2011 /PRNewswire/ -- Atlanta-based pest control leader, Orkin, today announced the launch of its new, free iPhone application, Bug Battle. The game allows users to swat flies, pinch termites and squish cockroaches or ants. The game also includes a feature that allows you to upload photos of people you know, so that they become a pest for you to swat.

    Orkin will donate $10,000 to its Fight The Bite campaign if the app reaches 50,000 downloads by Feb. 28. Fight The Bite is Orkin's partnership with the United Nations Foundation's Nothing But Nets campaign, a global, grassroots effort dedicated to saving lives by preventing malaria in Africa. Malaria kills a child every 45 seconds, and Fight The Bite donations help Nothing But Nets purchase and distribute long-lasting, insecticide-treated mosquito bed nets to malaria-prone areas in Africa.

    "We tested Bug Battle with a small group of users and gamers," said Rob Crigler, vice president, global digital strategy and integrated marketing, Orkin. "We knew we were on to something when one of our testers gave it to a group of teenagers over Christmas, and they played Bug Battle for almost an hour instead of their Xbox. I'm happy that something this entertaining will benefit a great cause."

    The game is available on iPhone, iPad, iPod and iPod Touch, and can be downloaded using the app store icon installed on all i-devices.

    About Orkin, LLC

    Founded in 1901, Atlanta-based Orkin is an industry leader in essential pest control services and protection against termite damage, rodents and insects in the United States, Canada, Central America, the Middle East, the Caribbean and Asia. With more than 400 locations, Orkin's almost 8,000 employees serve approximately 1.7 million customers. The company serves homeowners and numerous industries, including food and beverage processing, foodservice, hospitality, healthcare, retail, warehousing, property/ facilities management, schools and institutions. Learn more about Orkin on our Web site at www.orkin.com. Orkin is a wholly-owned subsidiary of Rollins, Inc. .

    About Nothing But Nets

    Nothing But Nets is a global, grassroots campaign to save lives by preventing malaria, a leading killer of children in Africa. Inspired by sports columnist Rick Reilly, hundreds of thousands of people have joined the Campaign that was created by the United Nations Foundation in 2006. Founding campaign partners include the National Basketball Association's NBA Cares, The People of the United Methodist Church, and Sports Illustrated. It only costs $10 to provide a long-lasting insecticide-treated bed net that can prevent this deadly disease. Visit www.NothingButNets.net to send a net and save a life.

    Media Contact: Sarah Robinson Orkin 404.888.2917 Tiffani Thomas Jackson Spalding For Orkin 404.419.9341

    Orkin, LLC

    CONTACT: Sarah Robinson, Orkin, +1-404-888-2917; Tiffani Thomas, Jackson
    Spalding, For Orkin, +1-404-419-9341

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




    Costco Turns to Creative Channel Services to Enhance Shopper Experience and In-Store Training CapabilitiesRetailer Leverages CyberScholar Retail Network for Consumer Electronics Product-Knowledge Delivery

    LOS ANGELES, Feb. 1, 2011 /PRNewswire/ -- Creative Channel Services (CCS), a leading shopper marketing agency, today announced that Costco Wholesale has joined its growing list of retail partners that leverage the agency's CyberScholar Retail Network to increase in-store product knowledge and enhance shopper experiences. The warehouse retailer has integrated CCS' CyberScholar portal into its U.S. employee development strategies for consumer electronics (CE) product lines.

    The recently launched program provides Costco's employees with easy access to learning modules from a growing list of manufacturers in the camera, GPS, home theater, television, printer and video categories through one convenient, password-protected CyberScholar @ Costco internet portal. As a major component of the warehouse retailer's learning program, CyberScholar will help Costco employees in 414 U.S. stores to deliver knowledgeable customer service to members.

    CyberScholar is the leading online information resource in the retail industry. Each year through CyberScholar, thousands of retail-floor associates nationwide pass millions of courses from leading manufacturers to increase their product knowledge and deliver great shopping experiences.

    "Creative Channel Services is proud to deliver our CyberScholar Retail Network product-knowledge resources to Costco employees," said Andy Restivo, CEO and president of CCS. "This partnership is a win-win-win as the benefits extend from manufacturers to Costco's employees and, most importantly, to Costco members."

    About Costco Wholesale Corporation

    Costco Wholesale Corporation currently operates 567 warehouses, including 414 in the United States and Puerto Rico, 77 in Canada, 21 in the United Kingdom, seven in Korea, six in Taiwan, nine in Japan, one in Australia and 32 in Mexico. The Company also operates Costco Online, an electronic commerce web site, at www.costco.com and at www.costco.ca in Canada.

    About Creative Channel Services, LLC

    Creative Channel Services (CCS) is a leading retail marketing agency that improves sales and profitability for our manufacturer and retailer clients. Through the company's proprietary CyberScholar Retail Network(R), exclusive retail partnerships, and national field marketing programs, CCS' unique approach to in-store marketing solutions accelerates client sales performance by connecting brands with 15,000 stores and 200,000 plus retail professionals who recommend and sell products to up to 3,000,000 customers each day. Established in 1995 and headquartered in Los Angeles, CCS is a part of Omnicom Group Inc. (www.omnicomgroup.com), a leading global advertising, marketing and corporate communications company. Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries.

    Media Contact: Chris Kelly Creative Channel Services 310-665-9900 press@creativechannel.com

    Creative Channel Services

    CONTACT: Chris Kelly of Creative Channel Services, +1-310-665-9900,
    press@creativechannel.com




    Progress Energy Implements Intergraph(R)'s Vegetation Management SolutionLeading Utility Streamlines Workflows for Managing Vegetation Inspections, Field Work

    HUNTSVILLE, Ala., Feb. 1, 2011 /PRNewswire/ -- Progress Energy, a leading electric utility provider in the Carolinas and Florida, has implemented Intergraph(R)'s Field Automation solution for Vegetation Management to improve the efficiency and management of all vegetation workflows.

    (Logo: http://photos.prnewswire.com/prnh/20081211/DECLOGO )

    Progress Energy has a units-based vegetation management process that includes planning and oversight by foresters, needs assessment inventories conducted by Progress inspectors, field work performed by contractors, and post-trim inspections. Progress previously managed vegetation workflows with a paper- based process, which involved multiple spreadsheets and databases.

    With Intergraph's Vegetation Management solution, Progress can save significant time and money with an integrated geospatial system that automates field operations and workflows - from managing facility inspections to capturing work done in the field. The utility leveraged its existing geographic information system (GIS) investment, while reducing manual labor required for paperwork and data entry. Intergraph's solution will help Progress maintain 52,000 miles of primary wire.

    Vegetation management and tree trimming is an increasingly important issue in the electric transmission and distribution industries. Regulatory mandates require that electric utilities eliminate all power outages caused by vegetation interference with power lines. Companies failing to meet the requirements face penalties and fines of up to $1 million per occurrence per day.

    Progress expects to gain payback for the system within one year and to realize hard-dollar cost savings of $1,000 per day - more than $350,000 per year - when the system is fully implemented. The utility plans to use the Intergraph solution in both Florida and the Carolinas.

    Intergraph provides field automation solutions for utilities, energy, and communications companies that design and manage transmission, distribution, and communications networks.

    "Vegetation management is now one of the largest maintenance functions of electric utilities," said Hank Dipietro, Intergraph Vice President and General Manager of Utilities and Communications. "Intergraph has been delivering market-leading applications to the electric utility industry since our inception 40 years ago. Intergraph's Field Automation solutions for Vegetation Management and Inspection improve productivity, efficiency, reliability, and customer service."

    For more information, watch Intergraph's Vegetation Management webinar at www.intergraph.com/sgi.

    About Intergraph

    Intergraph is the leading global provider of engineering and geospatial software that enables customers to visualize complex data. Businesses and governments in more than 60 countries rely on Intergraph's industry-specific software to organize vast amounts of data to make processes and infrastructure better, safer and smarter. The company's software and services empower customers to build and operate more efficient plants and ships, create intelligent maps, and protect critical infrastructure and millions of people around the world.

    Intergraph operates through two divisions: Process, Power & Marine (PP&M) and Security, Government & Infrastructure (SG&I). Intergraph PP&M provides enterprise engineering software for the design, construction, operation and data management of plants, ships and offshore facilities. Intergraph SG&I provides geospatially powered solutions to the public safety and security, defense and intelligence, government, transportation, photogrammetry, and utilities and communications industries. Intergraph Government Solutions (IGS) is an independent subsidiary for SG&I's U.S. federal and classified business.

    Intergraph is a wholly owned subsidiary of Hexagon AB, (Nordic exchange: HEXA B) and (Swiss exchange: HEXN). For more information, visit www.intergraph.com and www.hexagon.se.

    (C) 2011 Intergraph Corp. All rights reserved. Intergraph and the Intergraph logo are registered trademarks of Intergraph Corp. or its subsidiaries in the United States and in other countries. Other brands and product names are trademarks of their respective owners.

    Photo: http://photos.prnewswire.com/prnh/20081211/DECLOGO
    PRN Photo Desk, photodesk@prnewswire.com Intergraph

    CONTACT: Wayne Smith, Marketing Communications Manager of Intergraph,
    +1-256-730-2313, Wayne.Smith@Intergraph.com

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




    Intergraph(R) Introduces Complete Solution for Designing, Managing Fiber Optic NetworksG/Technology Fiber Optic Works 1.0 Improves Productivity, Information Access to Fiber Communications Infrastructure Enterprise wide

    HUNTSVILLE, Ala., Feb. 1, 2011 /PRNewswire/ -- Intergraph, a global leader in geographic information system (GIS) technology and geospatial infrastructure management solutions for utilities, communications companies, municipalities and transportation agencies, has introduced a new software product for the design and management of fiber optic networks.

    (Logo: http://photos.prnewswire.com/prnh/20081211/DECLOGO )

    G/Technology Fiber Optic Works 1.0 streamlines the management of fiber optic infrastructure for utilities, municipalities, agencies and communications companies who are implementing a public or private fiber network. Fiber Optic Works is a complete, enterprise-scalable design and asset management system that allows users to efficiently manage the circuit complexity of a geospatially dispersed fiber optic communications network infrastructure, all in one integrated system.

    Fiber optic networks are a fundamental component of high-speed broadband communications networks required for electric, gas and water utility Smart Grid communications, fiber to the home (FTTH, FTTx) and intelligent roadway information management systems. Each of these solutions link sensors, communications and critical infrastructure through high-speed backhaul communications that can be implemented with a fiber optic network. G/Technology Fiber Optic Works combines the geospatial mapping and spatial analysis capabilities of GIS with the design and engineering capabilities of computer-aided design and the database and reporting capabilities of an enterprise asset management system. These combined capabilities provide a complete and easy-to-use solution for fiber network designers and operators.

    G/Technology is the leading geospatial platform used by hundreds of utilities and communications companies worldwide to manage their distribution network infrastructures. As the newest addition to the G/Technology product family, Fiber Optic Works meets the need for an enterprise data environment designed specifically for fiber optic networks and reflecting best practice and design standards. Fiber Optic Works can "location-enable" workflows across an organization to improve efficiency, boost productivity and transform customer service processes.

    Intergraph's fiber solution offers immediate access to network configuration and service data to support business processes in all departments, including planning, engineering, maintenance and provisioning. The Fiber Optic Works suite is open and based on the Oracle database technology platform, making it easy to incorporate geospatial data into other corporate information systems. Intergraph is the only major GIS system provider that stores all data in native Oracle Locator/Oracle Spatial data format. This assures unmatched enterprise scalability, data integrity, ease of administration and integration with critical business systems. Together with Intergraph's patented dynamic display graphic caching technology, Intergraph G/Technology delivers superior graphic performance for any size business.

    "The growing global demand for new broadband capacity and communications infrastructure for utilities, municipalities and communications companies' drives the need for superior software tools to speed the design and facilitate the management of fiber infrastructure," said Tony DiMarco, Intergraph's executive director of Global Utilities & Communications. "Intergraph's solutions for utility infrastructure management have been shown to improve design and asset management productivity by as much as 50 percent and provide the ability to 'location-enable' network data for engineering, construction and customer workflows, dramatically improving efficiency and customer service."

    Further information on G/Technology Fiber Optic Works is available at www.intergraph.com/utilities.

    About Intergraph

    Intergraph is the leading global provider of engineering and geospatial software that enables customers to visualize complex data. Businesses and governments in more than 60 countries rely on Intergraph's industry-specific software to organize vast amounts of data to make processes and infrastructure better, safer and smarter. The company's software and services empower customers to build and operate more efficient plants and ships, create intelligent maps, and protect critical infrastructure and millions of people around the world.

    Intergraph operates through two divisions: Process, Power & Marine (PP&M) and Security, Government & Infrastructure (SG&I). Intergraph PP&M provides enterprise engineering software for the design, construction, operation and data management of plants, ships and offshore facilities. Intergraph SG&I provides geospatially powered solutions to the public safety and security, defense and intelligence, government, transportation, photogrammetry, and utilities and communications industries. Intergraph Government Solutions (IGS) is an independent subsidiary for SG&I's U.S. federal and classified business.

    Intergraph is a wholly owned subsidiary of Hexagon AB, (Nordic exchange: HEXA B) and (Swiss exchange: HEXN). For more information, visit www.intergraph.com and www.hexagon.se.

    Intergraph and the Intergraph logo are registered trademarks of Intergraph Corp. or its subsidiaries in the United States and in other countries. Other brands and product names are trademarks of their respective owners.

    Photo: http://photos.prnewswire.com/prnh/20081211/DECLOGO
    PRN Photo Desk, photodesk@prnewswire.com Intergraph

    CONTACT: Wayne Smith, Marketing Communications Manager, +1-256-730-2313,
    Wayne.Smith@Intergraph.com

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




    Webcast Alert: ROFIN-SINAR 2011 1st Quarter Financial Results Call

    NEW YORK, Feb. 1, 2011 /PRNewswire/ -- ROFIN-SINAR Technologies US announces the following Webcast:

    What: ROFIN-SINAR 2011 1st Quarter Financial Results Call When: February 3, 2011 @ 11:00 AM Eastern Where: http://www.investorcalendar.com/ClientPage.asp?ID=163110 Live over the Internet --Simply log on to the web at the How: address above. Contact: Delia Cannan, 212.897.5490, delia.cannan@taylor-rafferty.com

    If you are unable to participate during the live webcast, the call will be available for replay at http://www.investorcalendar.com/ClientPage.asp?ID=163110 or http://www.investorcalendar.com/

    ROFIN-SINAR Technologies US

    CONTACT: Delia Cannan, +1-212-897-5490, delia.cannan@taylor-rafferty.com




    LDK Solar Announces Closing of Follow-on Public Offering and Underwriters' Exercise of Over-Allotment Option

    XINYU CITY, China and SUNNYVALE, Calif., Feb. 1, 2011 /PRNewswire/ -- LDK Solar Co., Ltd. ("LDK Solar"), a leading vertically integrated manufacturer of photovoltaic products and a leading manufacturer of solar wafers in terms of capacity, today announced the closing of its follow-on public offering of 13,800,000 American depositary shares, or ADSs, representing 13,800,000 ordinary shares of the Company. The offering included an additional 1,800,000 ADSs sold by the Company pursuant to the underwriters' over-allotment option, which was exercised in full. The Company received aggregate net proceeds of approximately $164.2 million, after deducting underwriting discounts and commissions.

    Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and UBS AG are acting as joint book runners for the offering. LDK Solar's F-3 registration statement and final prospectus supplement are available from the SEC website at: www.sec.gov.

    A copy of the final prospectus and prospectus supplement relating to the offering may be obtained by contacting: Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220, United States of America; phone: +1-800-831-9146; Deutsche Bank Securities Inc., Attention: Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, United States of America; phone: +1-800-503-4611; or UBS Securities LLC, 299 Park Avenue, New York, New York, 10171, Attn: Prospectus Department +1-888-827-7275, ext. 3884. Our press release is not an offer to sell or the solicitation of an offer to buy securities. Any offers of the above securities will be made pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission.

    About LDK Solar

    LDK Solar Co., Ltd. is a leading vertically integrated manufacturer of photovoltaic (PV) products and a leading manufacturer of solar wafers in terms of capacity. LDK Solar manufactures polysilicon, mono and multicrystalline ingots, wafers, modules and cells. The Company also engages in project development activities in selected segments of the PV market. Through its broad product offering, LDK Solar provides its customers with a full spectrum of PV solutions. LDK Solar's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's office in the United States is located in Sunnyvale, California. For more information about LDK Solar and its products, please visit www.ldksolar.com.

    Safe Harbor Statement

    This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this press release are forward-looking statements, including but not limited to, LDK Solar's ability to raise additional capital to finance its operating activities, the effectiveness, profitability and marketability of its products, the future trading of its securities, the ability of LDK Solar to operate as a public company, the period of time during which its current liquidity will enable LDK Solar to fund its operations, its ability to protect its proprietary information, the general economic and business environment and conditions, the volatility of LDK Solar's operating results and financial condition, its ability to attract and retain qualified senior management personnel and research and development staff, its ability to timely and efficiently complete its ongoing construction projects, including its polysilicon plants, and other risks and uncertainties disclosed in LDK Solar's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on information available to LDK Solar's management as of the date hereof and on its current expectations, assumptions, estimates and projections about LDK Solar and the solar industry. Actual results may differ materially from the anticipated results because of such and other risks and uncertainties. LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, assumptions, estimates and projections except as may be required by law.

    LDK Solar Co., Ltd.

    CONTACT: Lisa Laukkanen of The Blueshirt Group, +1-415-217-4967,
    lisa@blueshirtgroup.com, for LDK Solar; or Jack Lai, Executive VP and CFO
    of LDK Solar Co., Ltd., +1-408-245-8801, IR@ldksolar.com

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




    Applied Energetics Announces Appointment of Senior Advisory Board

    TUCSON, Ariz., Feb. 1, 2011 /PRNewswire/ -- Applied Energetics, Inc., , today announced that it has appointed a Senior Advisory Board consisting of distinguished, former members of the U.S. Military and U.S. Government. The purpose of Applied Energetics' Senior Advisory Board is to provide advice, recommendations, and guidance to the Management, Board of Directors, and the Board's Strategic Planning Committee, related to corporate goals and strategy. Advice and recommendations will include strategic objectives and direction; market and defense trends; insights into changing defense priorities and requirements; Legislative or Executive Branch topics that may impact AE strategy; identification of key personnel or potential strategic partners; or other matters relevant to the development, growth, and profitability of Applied Energetics.

    Brigadier General James Feigley (USMC Ret), Chairman of the Applied Energetics' Board of Directors, stated, "In accordance with the company's Strategic Plan, and as we work to expand our portfolio of products and technologies to all Services, Defense Agencies, and other Government organizations, the expansive experience and insight these gentlemen provide us is critical to achieving our objectives. We have assembled some of the finest leaders in Defense operational and acquisition matters that this country has produced, and we are very proud that they have agreed to help us grow and expand into new areas."

    Joe Hayden, President, commented, "Now that we are producing more mature systems and products, such as our Banshee counter-IED system for the U.S. Marine Corps, it will be increasingly important for us to understand the priorities and trends that are emerging within our military and government customer base. We are honored that such a respected group of elite professionals has agreed to advise us, contribute their comprehensive expertise and experience, and devote their valuable time to assist us. We expect that their contributions will guide us in investing our resources in the areas that will best meet the needs of our customers today and in the future while growing shareholder value."

    The members of the Applied Energetics Senior Advisory Board are:

    The Honorable Jacques S. Gansler, Ph.D., a former Under Secretary of defense, is a Professor and Director of the Center for Public Policy and Private Enterprise at the University of Maryland's School of Public Policy. Before serving as the Under Secretary of Defense for Acquisition, Technology and Logistics, he was executive vice president of TASC Inc. He holds a bachelor's degree in electrical engineering from Yale University, a master's degree in electrical engineering from Northeastern University, a master's degree in political economy from New School for Social Research, and a Ph.D. in economics from American University.

    General Gary E. Luck is a retired four-star U.S. Army general. A 1959 graduate of Kansas State University, Gen. Luck's last military assignment before retiring from active duty was Commander-in-Chief, United Nations Command/Combined Forces Command, Korea. He was also an advisor to Tommy Franks prior to the US led invasion of Iraq in 2003 and served as Commanding General of the XVIII Airborne Corps (1990-93) in the Gulf War under Norman Schwarzkopf, Jr. Before taking that command, he served as commander of the Joint Special Operations Command

    (JSOC) with the rank of Major General from 1989 to 1990.

    Admiral Timothy J. Keating is a retired four-star U.S. Navy Admiral and was the Commander, U.S. Pacific Command prior to his retirement. Adm. Keating has commanded VFA-87, Carrier Group 5 and was Deputy Chief of Naval Operations for Plans, Policy, and Operations. He also served as commander of U.S. Naval Forces Central Command and U.S. 5th Fleet, was the Director, Joint Staff and was commander of North American Aerospace Defense Command and United States Northern Command. Admiral Keating graduated from the United States Naval Academy in 1971.

    Lieutenant General Emil R. "Buck" Bedard retired with over 37 years of active duty service. His last active duty position was as Deputy Commandant for Plans, Policies, and Operations, Headquarters, U.S. Marine Corps. He commanded the 7th Marine Regiment, was the Assistant Division Commander for the 1st Marine Division, and served as J-3 Operations Officer, Joint Task Force, Somalia. He also was the Deputy Commander, Marine Forces Pacific, and commanded the 2d Marine Division, and the II Marine Expeditionary Force. General Bedard graduated from the University of North Dakota. In addition to holding a M.S. degree, General Bedard's formal military education includes the U.S. Army Advanced Infantry Course, Armed Forces Staff College, and Army War College.

    About Applied Energetics, Inc.

    Applied Energetics, Inc., based in Tucson, Arizona, currently specializes in development and manufacture of advanced high performance lasers, high voltage electronics, advanced optical systems, and integrated guided energy systems for defense, aerospace, industrial, and scientific customers worldwide. Applied Energetics pioneered the development of Laser Guided Energy(TM) (LGE(TM)) technology, and related solutions for defense and security applications. For more information about Applied Energetics, please visit www.appliedenergetics.com.

    "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this News Release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward- looking statements.

    Such factors include, but are not limited to: the dependence on sales of a limited number of products and the uncertainty of the timing and magnitude of government funding and orders, dependence on sales to government customers; the uncertainty of patent protection; the uncertainty of strategic alliances; the uncertainty of management tenure; the impact of third-party suppliers' manufacturing constraints or difficulties; management's ability to achieve business performance objectives, market acceptance of, and demand for, the Company's products, and resulting revenues; development and testing of technology and products; manufacturing capabilities; impact of competitive products and pricing; litigation and other risks detailed in the Company's filings with the Securities and Exchange Commission. The words "looking forward," "believe," "may," "plan," "seek,' "strategy," "demonstrate," "intend," "expect," "continue," "contemplate," "estimate," "anticipate," "will," "likely" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Applied Energetics undertakes no obligation to update any forward-looking statements contained in this news release.

    Applied Energetics, Inc.

    CONTACT: Kevin McGrath, Cameron Associates, +1-212-245-4577,
    Kevin@cameronassoc.com

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




    Verizon Invested $642 Million in Pennsylvania's Communications Infrastructure in 2010

    PHILADELPHIA, Feb. 1, 2011 /PRNewswire/ -- From Philadelphia to Pittsburgh, consumers and businesses are reaping the benefits of Verizon's continued significant communications and computing infrastructure investment in the Keystone State. The company invested $642 million in its Pennsylvania landline communications network and IT infrastructure in 2010.

    "Verizon is a leading communications, broadband and entertainment company in Pennsylvania, helping to fuel the commonwealth's sustained economic development through aggressive investment in the latest technology for consumers and businesses," said Gale Y. Given, president of Verizon Pennsylvania. "From the smallest home to the largest business, Verizon's networks and technology touch lives, and our substantial investments benefit our customers, employees, suppliers and communities."

    Verizon's major landline infrastructure programs last year included:

    --  Continued deployment of the company's award-winning, 100 percent
    fiber-optic FiOS TV and FiOS Internet services.  In 2010, Verizon
    extended FiOS service to more customers in the Philadelphia and
    Pittsburgh areas, with the services available to more than 1.4 million
    Pennsylvania homes and businesses at year's end.
    --  Enhancements that further differentiate FiOS services from the
    competition.  FiOS TV provides a host of innovative, interactive
    features including an advanced interactive media guide; social TV, news,
    sports and entertainment widgets; DVR management via broadband or cell
    phone; multi-room Home Media DVR; and more.  In 2010, Verizon:
    --  Launched Flex View, which enables FiOS TV customers to take
    on-demand video programming outside of the home and view it on
    various portable devices, including a growing number of compatible
    smartphones, tablets and laptops.
    --  Revved up FiOS Internet speeds to 150 megabits per second for
    downloading and 35 Mbps for uploading - the fastest mass-market
    speeds in the country.
    --  Deployment of Verizon High Speed Internet service (using DSL technology)
    to additional rural communities in Pennsylvania, providing nearly 20,000
    residents and businesses in these areas another - and in many cases the
    first - choice for their broadband service.  Verizon also made available
    to many Pennsylvania customers a new speed tier of HSI service with
    download speeds at 10 to 15 megabits per second.
    --  Deployment of fiber-optic links to wireless providers' cell sites
    throughout Pennsylvania as these carriers expand their infrastructure to
    meet ever-growing demand for wireless broadband and advanced 4G
    services.  In 2010, Verizon deployed fiber optics to connect 881 of
    these sites.
    

    Verizon Business provides secure global information technology and communications services to many medium- to large-business and government customers throughout Pennsylvania. In 2010, the unit launched the Verizon Mobile Services Enablement Platform to support the development of enterprise mobility applications. In addition, Verizon Business continued to implement its "everything-as-a-service" strategy, introducing new cloud computing solutions, such as Verizon UC&C with Microsoft Online Services, a new unified communications solution and Verizon Computing as a Service, SMB, a pay-as-you-go online cloud service for small and medium businesses. In addition, security offerings and a host of industry-specific innovations were unveiled, including:

    --  ICSA Labs, an independent division of Verizon Business based in
    Mechanicsburg, founded the Endpoint Security Consortium to help the
    industry test and certify enterprise endpoint security products.
    Charter members include AVG, McAfee and Microsoft.
    --  GWR Medical's selection of Verizon Computing as a Service, the company's
    cloud-based computing solution.  The service helped transform the Chadds
    Ford-based company's IT operations.
    --  The Verizon Health Information Exchange, a new service that will
    consolidate clinical patient data from health care providers and
    translate it into a standardized format that can be securely accessed
    over the Web, regardless of the IT systems the providers use.  The
    Vantage HGT Regional Health Information Organization, an Erie-based
    group comprised of six northwestern Pennsylvania hospitals serving
    nearly 2.3 million residents, will use the Verizon-provided platform.
    

    "Verizon's continued robust network and IT investment is driving the next generation of cloud computing services, which will benefit consumers and businesses alike by making new capabilities available to anyone, anywhere at the touch of a fingertip -- on a laptop, smartphone or tablet computer," said Given.

    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 94.1 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 194,000 and last year generated consolidated revenues of $106.6 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: Media, Lee Gierczynski, +1-412-633-5574,
    lee.j.gierczynski@verizon.com

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

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

    page 1     page 2     page 3     page 4     page 5    

    News archive of April 2017
    1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27  28  29  30 



    News Archives of February 2011
    1   2   3   4   5   6   7   8   9   10   11   12   13   14   15   16   17   18   19   20   21   22   23   24   25   26   27   28   29   30   31  

    News Archives other dates
        2017:   Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec    
        2016:   Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec    
        2015:   Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec    
        2014:   Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec    
        2013:   Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec    
        2012:   Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec    
        2011:   Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec    
        2010:   Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec    
        2009:   Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec    
        2008:   Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec    
        2007:   Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec    
        2006:   Jan     Feb     Mar     Apr     May     Jun     Jul     Aug     Sep     Oct     Nov     Dec    
  •  
    0-C     D-L     M-R     S-Z