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SAN DIEGO, April 22, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- DivX, Inc. (Nasdaq: DIVX), a digital media company, and LG Electronics, Inc. today announced that LG's new line of digital TVs is the world's first device series capable of playing back full DivX(R) HD 1080p videos. More than 200 models of LG digital TVs have been DivX Certified(R), including the LH50, LH70, LH85, PS70 and PS80 series. In addition, a wider variety of innovative LG TVs are now DivX Certified for playback of full DivX HD. Over 100 million DivX Certified devices have shipped worldwide from major manufacturers, and more than 400 digital TV models from leading consumer electronics manufacturers have been DivX Certified to date.
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Full View / NID: 28036 / Submitted by: TACKtech Team
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At the AMD Opteron™ processor Sixth Anniversary event at its Sunnyvale campus, AMD (NYSE: AMD) today announced game-changing new additions to its server platform roadmap and a significant acceleration in roadmap execution.
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Full View / NID: 28025 / Submitted by: The Zilla of Zuron
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FREMONT, Calif., April 22, 2009 and ROMANEL-SUR-MORGES, Switzerland, April 23, 2009 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the fourth quarter and full year of Fiscal Year 2009.
Sales for Q4 were $408 million, a decrease of 32 percent compared to $601 million in the same quarter last year. The Company posted an operating loss of $43 million, compared to operating income of $66 million in the same quarter a year ago. The net loss for Q4 was $35 million ($0.20 per share) compared to net income of $60.3 million ($0.32 per share) in Q4 FY 2008. During the fourth quarter, Logitech recorded pre-tax restructuring charges of $20.5 million ($15.9 million after tax or $0.09 per diluted share). Gross margin for Q4 was 25.0 percent compared to 35.6 in Q4 FY 2008.
Logitech’s retail sales for Q4 FY 2009 declined by 32 percent year over year, with sales down by 36 percent in EMEA, 33 percent in the Americas, and 14 percent in Asia. OEM sales were down by 33 percent.
“The primary cause of the year-over-year decline in our Q4 sales was the economic downturn,” said Gerald P. Quindlen, Logitech president and chief executive officer. “Our sales were negatively impacted by the combination of weak consumer demand and the accelerating reset by our channel partners of their weeks of supply. A contributing factor to our sales decline was the effect of the stronger U.S. dollar.
“Consumer demand for our products in Q4 was much stronger than our reported sales would suggest. According to data we receive from our channel partners, sell-through of our products in the Americas and EMEA, our two largest regions, was down 14 percent and 7 percent, respectively, in Q4 compared to the prior year. Additionally, our most current data shows that our market share is largely stable – and in some cases growing – across most of our product categories.
“Historically the amount of Logitech product carried by our channel partners has been a function of the high sell-through rate of our products. With the continuing economic downturn, the sudden decline in the sell-through rate of our products resulted in our channel partners significantly lowering their levels of required supply. We are reaching alignment with this new level through promotional activities and reduced shipments. Our actions will accelerate, in Q1, leading to equilibrium in the channel in Q2. In view of these dynamics, we expect Q1 to be the low point of the year for operating results.
“During Q4 we achieved more than a $100 million reduction in our inventory on a sequential basis. I am also very pleased with our cash management during the quarter. We exited Fiscal Year 2009 with approximately a half billion dollars in cash, up sequentially, and virtually unchanged year over year, in spite of the turmoil in the global economy during the period.
“As we successfully achieve realignment with partners’ required supply levels, continue to realize the benefits of our recent restructuring – which, together with our efforts to reduce variable spending, we expect to reduce our cost structure by $100 million annually – and introduce our new lineup of products designed for today’s consumer, I believe we will have the elements in place for a return to earnings growth for the second half of Fiscal 2010.
“Beyond the current fiscal year, there are significant, ongoing trends that will spur our growth as we move past the impact of the current macroeconomic environment. Logitech fulfills the increasing demand for interfaces between people and the expanding digital world across multiple platforms and user environments. This presents an opportunity for us as we introduce products that enhance the usability and experiences of these new platforms. Our advantages of scale, strong distribution, brand leadership and an unparalleled innovation engine continue to position us for long-term growth.”
Full-Year Financial Results
For the full fiscal year, sales were $2.2 billion, down from $2.4 billion in FY 2008. Operating income was $110 million, down from $287 million a year ago. Net income was $107 million ($0.59 per share) compared to net income of $231 million ($1.23 per share) in the prior year. Excluding restructuring charges and an impairment loss on short-term investments, net income was $126 million ($0.69 per share). Gross margin for FY 2009 was 31.3 percent compared to 35.8 percent in FY 2008.
Outlook
Because of the continued impact of the global economic environment on Logitech’s business visibility, the Company will provide a one-quarter outlook in each quarter throughout Fiscal Year 2010. For the first quarter of FY 2010, which is historically the smallest quarter for both sales and operating leverage, Logitech expects sales within the range of $300 million to $320 million, gross margin within the range of 24 percent to 26 percent, and an operating loss between $40 million and $50 million. The Company expects Q1 to be the low point of the year for operating results.
Earnings Teleconference and Webcast
Logitech will hold an earnings teleconference on Thursday, April 23, 2009 at 8:30 a.m. Eastern Standard Time and 14:30 Central European Summer Time. A live webcast of the call, along with presentation slides, will be available on the Logitech corporate Web site at http://ir.logitech.com.
About Logitech
Logitech is a world leader in personal peripherals, driving innovation in PC navigation, Internet communications, digital music, home-entertainment control, gaming and wireless devices. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).
# # #
This press release contains forward-looking statements, including the statements regarding the size and timing of expected savings from the restructuring and efforts to lower variable expenses, an expected return to earnings growth in the second half of FY 2010, the impact of ongoing trends on future growth, being positioned for long-term growth, anticipated sales, operating income and gross margin for Q1 FY 2010, and the expectation that Q1 FY 2010 will be the low point for operating results. The forward-looking statements in this release involve risks and uncertainties that could cause Logitech’s actual results to differ materially from that anticipated in these forward-looking statements. Factors that could cause actual results to differ materially include: our inability to predict the depth and length of the deterioration of general economic conditions and its impact on our business, operating results and financial condition; the demand of our customers and our consumers for our products and our ability to accurately forecast it; Logitech’s ability to achieve expected cost reductions within expected time frames; the effect of pricing, product, marketing and other initiatives by our competitors, and our reaction to them, on our sales, gross margins and profitability; if we fail to take advantage of long-term trends in the consumer electronics and personal computers industries; if we fail to successfully innovate in our current and emerging product categories and identify new feature or product opportunities; the sales mix among our lower- and higher-margin products and our geographic sales mix; as well as those additional factors set forth in our periodic filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2008 and our Quarterly Reports on Form 10-Q, available at www.sec.gov. Logitech does not undertake to update any forward-looking statements.
Logitech, the Logitech logo, and other Logitech marks are registered in Switzerland and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s Web site at www.logitech.com.
(LOGI – IR)
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Full View / NID: 28023 / Submitted by: The Zilla of Zuron
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Spybot - Search & Destroy detects and removes spyware, a relatively new kind of threat not yet covered by common anti-virus applications. Spyware silently tracks your surfing behaviour to create a marketing profile for you that is transmitted without your knowledge to the compilers and sold to advertising companies. If you see new toolbars in your Internet Explorer that you have not intentionally installed, if your browser crashes inexplicably, or if your home page has been "hijacked" (or changed without your knowledge), your computer is most probably infected with spyware. Even if you do not see the symptoms, your computer may be infected, because more and more spyware is emerging. Spybot-S&D is free, so there is no harm giving it a try to see if something has invaded your computer.
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Full View / NID: 28022 / Submitted by: The Zilla of Zuron
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NOD32 Antivirus System provides well balanced, state-of-the-art protection against threats endangering your PC and enterprise systems running various platforms from Microsoft Windows 95 / 98 / ME / NT / 2000 / 2003 / XP, through a number of UNIX/Linux, Novell, MS DOS operating systems to Microsoft Exchange Server, Lotus Domino and other mail servers.
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Full View / NID: 28021 / Submitted by: The Zilla of Zuron
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TreeHugger recognized Intel's commitment to renewable energy by naming it the "Best Effort by a Large Corporation" in the Business and Politics category of the inaugural Best of Green Awards. Intel's renewable energy credits make up 46% of its US electricity usage and make the company the single largest purchaser of green power in the US. The winners were selected by TreeHugger correspondents around the world.
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Full View / NID: 28020 / Submitted by: The Zilla of Zuron
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SANTA CLARA, Calif., April 22, 2009 – An independent study on notebook security, commissioned by Intel Corporation, analyzes the potential business costs of stolen or lost notebook computers, suggesting that in an era where "the office" can be almost anywhere, good security precautions are essential.
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Full View / NID: 28019 / Submitted by: The Zilla of Zuron
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Intel's was selected for the InfoWorld Green 15 award today for identifying cost savings and pushing the limits of free cooling in the data-center. InfoWorld annually recognizes 15 organizations who demonstrate that green IT projects can be a win-win proposition. Intel previously published a case study on its Data Center Air Economizer.
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Full View / NID: 28018 / Submitted by: The Zilla of Zuron
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Full View / NID: 28017 / Submitted by: The Zilla of Zuron
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Added detection of new variants of trojans BackDoor.Hupigon5.DWK, Downloader.Banload.AKHA, Downloader.Generic8.AHQE, Downloader.Generic8.AHPX, PSW.Delf.DOO, Downloader.Generic8.AHPR.
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Full View / NID: 28016 / Submitted by: The Zilla of Zuron
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NOD32 Antivirus System provides well balanced, state-of-the-art protection against threats endangering your PC and enterprise systems running various platforms from Microsoft Windows 95 / 98 / ME / NT / 2000 / 2003 / XP, through a number of UNIX/Linux, Novell, MS DOS operating systems to Microsoft Exchange Server, Lotus Domino and other mail servers.
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Full View / NID: 28015 / Submitted by: The Zilla of Zuron
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Virus definition, or DAT, files contain up-to-date virus signatures and other information that our anti-virus products use to protect your computer against thousands of computer viruses and other potentially harmful software in circulation. Hundreds of new threats appear each month. Every week, we release new DAT files. We also release new DAT files when any threat is assessed by AVERT to have a medium or higher risk.
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Full View / NID: 28014 / Submitted by: The Zilla of Zuron
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Rushing in a new era of power efficiency, AMD (NYSE: AMD) today introduced the 45nm Quad-Core AMD Opteron? EE processor with AMD?s lowest x86 quad-core server power band. The new 40W ACP processor is designed for very dense data center environments such as those built for cloud computing, web serving, or other highly dense environments. It offers a full suite of virtualization and power management capabilities so customers do not have to compromise on feature sets in order to deploy very low power servers.
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Full View / NID: 28013 / Submitted by: The Zilla of Zuron
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Use Ad-Aware’s built-in update feature to enable it to recognize the latest spyware. Alternatively, you can manually download the latest definitions and unzip them into the Ad-Aware program folder.
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Full View / NID: 28008 / Submitted by: The Zilla of Zuron
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Today in Moscow, Intel joined Yota to help introduce mobile WiMAX 4G embedded notebooks from Acer, ASUS, Lenovo, MSI, Samsung and Toshiba as two of Russia's largest cities - Moscow and St. Petersburg - now have WiMAX wireless broadband Internet access. The two Russian cities now have the leading, most advanced technology where 3G networks aren't even available, leap-frogging a technology generation with the ability to leverage 4G services. Yota is expecting to deploy WiMAX network and services in over 40 Russian cities. Recently, Yota and HTC also introduced the world's first hand held tri-mode WiMAX-enabled Smartphone, loaded with applications and embedded voice and data services and targeted for use over the impressive Yota 4G WiMAX network. Delivering affordable, super-fast mobile broadband to its citizens is just one more proof point that WiMAX continues to accelerate broadband capabilities in both emerging and mature countries around the world.
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Full View / NID: 28007 / Submitted by: The Zilla of Zuron
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Added detection of new variants of trojans SHeur2.ABZB, Generic13.ABCN, BackDoor.Generic11.JFY, Generic13.ABGD, Downloader.Zlob.AKZC, BackDoor.Bifrose.BMZ.
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Full View / NID: 28006 / Submitted by: The Zilla of Zuron
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Mobile VoIP provider extends high-quality, versatile communication application to iPhone for significant savings on international calls. Copenhagen and London, April 22, 2009 – Vopium, the leading international mobile communications company, today announced that it is extending its high-quality, versatile communication application to the iPhone™. Powered by mobile VoIP and Wi-Fi technology, Vopium enables users to easily make free and heavily-discounted international calls, saving up to 90% off traditional international mobile and land-line costs. Consumers and...
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Full View / NID: 28005 / Submitted by: The Zilla of Zuron
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Use Ad-Aware’s built-in update feature to enable it to recognize the latest spyware. Alternatively, you can manually download the latest definitions and unzip them into the Ad-Aware program folder.
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Full View / NID: 28004 / Submitted by: The Zilla of Zuron
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Use Ad-Aware’s built-in update feature to enable it to recognize the latest spyware. Alternatively, you can manually download the latest definitions and unzip them into the Ad-Aware program folder.
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Full View / NID: 28003 / Submitted by: The Zilla of Zuron
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The Official Pattern Release or OPR is Trend Micro's latest compilation of patterns for identified viruses. It is guaranteed to have passed a series of critical tests to ensure that customers get optimum protection from the latest virus threats.
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Full View / NID: 28002 / Submitted by: The Zilla of Zuron
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NOD32 Antivirus System provides well balanced, state-of-the-art protection against threats endangering your PC and enterprise systems running various platforms from Microsoft Windows 95 / 98 / ME / NT / 2000 / 2003 / XP, through a number of UNIX/Linux, Novell, MS DOS operating systems to Microsoft Exchange Server, Lotus Domino and other mail servers.
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Full View / NID: 28001 / Submitted by: The Zilla of Zuron
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Softros LAN messenger is a secure network messaging software application for corporate LANs (local area networks). It does not require a server and is very easy to install and use. Softros LAN Messenger comes with a variety of handy features such as message notification alarms, personal or group messaging, file transfer and an intuitive interface. Softros LAN Messenger offers strong encryption options for all incoming and outgoing messages, guaranteeing no unauthorized person ever reads personal correspondence....
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Full View / NID: 29371 / Submitted by: TACKtech Team
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AMD (NYSE:AMD) today reported first quarter 2009 results. For financial reporting purposes, AMD consolidates the operating results of GLOBALFOUNDRIES Inc. in its results as of March 2, 2009 and has created the Foundry segment as of the start of the fiscal year. References to "AMD" in this announcement include these consolidated operating results which are reported for GAAP purposes. "AMD Product Company" refers to AMD, excluding the operating results of the Foundry segment and intersegment eliminations.
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Full View / NID: 28000 / Submitted by: The Zilla of Zuron
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Mozilla Firefox is a fast, full-featured browser for Windows that makes browsing more efficient than ever before. Firefox includes popup blocking; a tab-browsing mode that lets you open several pages in a single window; integrated Google searching; simplified privacy controls that let you cover your tracks more effectively; a streamlined browser window that shows you more of the page than any other browser; and a number of additional features that work with you to help you get the most out of your time online.
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Full View / NID: 27998 / Submitted by: TACKtech Team
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NOD32 Antivirus System provides well balanced, state-of-the-art protection against threats endangering your PC and enterprise systems running various platforms from Microsoft Windows 95 / 98 / ME / NT / 2000 / 2003 / XP, through a number of UNIX/Linux, Novell, MS DOS operating systems to Microsoft Exchange Server, Lotus Domino and other mail servers.
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Full View / NID: 27996 / Submitted by: The Zilla of Zuron
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CUPERTINO, Calif. – April 21, 2009 – Symantec Corp. (Nasdaq: SYMC) today announced it has expanded its security portfolio by offering new Protection Suites for small business and enterprise customers and adding Web security technology through the acquisition of Mi5 Networks. Symantec Protection Suite Small Business Edition and Symantec Protection Suite Enterprise Edition are comprehensive solutions designed to secure firms against security risks and business interruptions, ensuring systems and critical information are readily available. The Symantec Protection Suites are scheduled to be available in summer 2009.
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Full View / NID: 27995 / Submitted by: TACKtech Team
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CUPERTINO, Calif. – April 21, 2009 – Symantec Corp. (Nasdaq: SYMC) today announced Symantec Endpoint Protection Small Business Edition, designed to provide unmatched security with minimal configuration. By offering easy-to-use, enterprise level protection for small businesses, Symantec Endpoint Protection Small Business Edition allows customers to quickly get up and running with the confidence that their organizational assets are protected, thus allowing them to focus on core business priorities. Symantec Endpoint Protection Small Business Edition is scheduled to be available in summer 2009.
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Full View / NID: 27994 / Submitted by: TACKtech Team
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SCOTTS VALLEY, Calif. - April 21, 2009 - Seagate Technology (NASDAQ: STX) today reported results for the quarter ended April 3, 2009 of 38 million disk drive unit shipments, revenue of $2.1 billion, a net loss of $273 million and net loss per share of $0.56. Net loss and net loss per share for the quarter include $18 million of purchased intangibles amortization and other charges associated with acquisitions, and restructuring and related accelerated depreciation charges of $36 million. The aggregate impact of these items is a $54 million loss or approximately $0.11 per share loss. Of the $36 million for restructuring and related accelerated depreciation charges, $11 million was for accelerated depreciation charges recorded in product development expense and $25 million was restructuring and substantially relates to global headcount reductions.
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Full View / NID: 27993 / Submitted by: TACKtech Team
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SAN DIEGO, April 21, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- DivX, Inc. (Nasdaq: DIVX), a digital media company, announced today that it will issue its earnings release for the first quarter 2009 after the market close on Thursday, May 7, 2009.
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Full View / NID: 27990 / Submitted by: TACKtech Team
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Collaboration, alignment and more secure, privacy-enhancing technology further End to End Trust.
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Full View / NID: 27989 / Submitted by: The Zilla of Zuron
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