Envivio Steps Up HEVC Program, Adds Video Quality Enhancements for MPEG-2 and AVC
Envivio Muse(TM) Live and On-Demand Encoders Deliver Pristine Video in Any Format, on Any Device
Envivio (ENVI), a leading provider of software-based video processing and delivery solutions, today announced video quality and compression efficiency enhancements to its Envivio Muse(TM) encoders. The improvements span the full range of codecs, from HEVC (H.265) to MPEG-4 AVC (H.264) and MPEG-2.
Live or on-demand HEVC encoding—at resolutions up to 4K Ultra HD—are supported in the newest versions of the Muse software, and several tier 1 customers around the world are actively engaged with Envivio in HEVC field trials as part of Envivio's HEVC Early Access Program. Customers testing Envivio HEVC encoders include US cable operators and telco/satellite operators in Asia and Europe.
Local Corporation Provides Location-Based Product Data for Microsoft’s Bing
Local Corporation (LOCM), a leading online local media company, today announced that the company has signed an agreement with Microsoft, Inc. to provide location-based local product data for Bing.
As part of the agreement, Local Corporation’s Krillion™ shopping data platform is helping power Bing’s local product search results, including relevant retail locations, brands, categories, and product availability data and details.
“We’re pleased to be partnering with Bing to provide relevant local product shopping information to millions of consumers,” said Heath Clarke, Local Corporation, chairman and CEO. “Our dynamic local product data enhances the online shopping experience for consumers by providing them with valuable information about which retailers carry the products they are looking for.”
LiveDeal Inc. to Unveil Material Announcement on September 19 of Its Latest Product Offering
LiveDeal Inc. (NASDAQ: LIVE), a publicly-traded provider of specialized marketing solutions to small local businesses that boost customer awareness and merchant visibility on the Internet, will unveil an important product development announcement that will redefine the Company's current business strategy.
LiveDeal Inc. is best known for migrating print yellow pages to the Internet in 1994. The Company is currently structured to provide small local businesses with affordable solutions to expand their marketing reach and attract new customers. The upcoming announcement is expected to service current and new businesses with a platform that the Company believes will be a significant source of new customers and advertising for these companies.
Splunk Inc. Announces Fiscal Second Quarter 2014 Financial Results
Company Crosses 6,000 Customer Mark; Total Revenues Grow 50%
Splunk Inc. (SPLK), the leading software platform for real-time operational intelligence, today announced results for its fiscal second quarter ended July 31, 2013.Total revenues were $66.9 million, up 50% year-over-year. License revenues were $43.2 million, up 43% year-over-year. GAAP operating loss was $13.3 million or 19.9% of revenues. Non-GAAP operating loss was $0.8 million or 1.1% of revenues. GAAP loss per share was $0.13; non-GAAP loss per share was $0.01. Operating cash flow was $6.3 million with free cash flow of $4.3 million.
Perceptron Announces Strong Fourth Quarter Financial Results and Record Fiscal 2013 Sales
Perceptron, Inc. (NASDAQ: PRCP) today announced its results for the fourth quarter of fiscal year 2013, which ended June 30, 2013.
Net sales in the fourth quarter of fiscal year 2013 were $20.7 million, while income from continuing operations was $4.0 million, or $0.46 per diluted share. In the fourth quarter of fiscal 2012, Perceptron reported net sales of $12.8 million and a loss from continuing operations of $1.3 million, or $0.16 per diluted share. In the fourth quarter of fiscal year 2013 the Company recorded a gain of $23,000, net of taxes, from the discontinued operations of its Commercial Products Business Unit (CBU). In fiscal year 2012 the Company recorded a loss of $1.3 million, or $0.15 per diluted share, from the discontinued operations of CBU.
Mentor Graphics Reports Fiscal Second Quarter Results, Announces Dividend and Increases Share Repurchase Authorization
Mentor Graphics Corporation (MENT) today announced financial results for the company’s fiscal second quarter ended July 31, 2013. The company reported revenues of $253.2 million, non-GAAP earnings per share of $0.26, and GAAP earnings per share of $0.19.
“Revenue, bookings and operating income were all-time records for a second quarter,” said Walden C. Rhines, chairman and CEO of Mentor Graphics. “New capabilities for 20, 14 and 10 nanometer technologies, and the performance enhancements these advanced nodes enable, were the principal forces driving strength in the Calibre products and Veloce emulation. Record first- half bookings, book to bill and backlog reinforce our confidence for fiscal 2014 and beyond.”
Microsoft CEO Steve Ballmer to retire within 12 months
Microsoft Corp. today announced that Chief Executive Officer Steve Ballmer has decided to retire as CEO within the next 12 months, upon the completion of a process to choose his successor. In the meantime, Ballmer will continue as CEO and will lead Microsoft through the next steps of its transformation to a devices and services company that empowers people for the activities they value most.
"There is never a perfect time for this type of transition, but now is the right time," Ballmer said. "We have embarked on a new strategy with a new organization and we have an amazing Senior Leadership Team. My original thoughts on timing would have had my retirement happen in the middle of our company's transformation to a devices and services company. We need a CEO who will be here longer term for this new direction."
Eltek Secures a $4.2 Million Investment from Nistec Ltd.
- Eltek will sell 3,532,655 ordinary shares to Nistec for $4.2 million - Nistec will also purchase all of the shares held by Eltek's majority holder, Mr. Yossi Maiman, and Nistec will become Eltek's majority shareholder (50.5%)
Eltek Ltd., (ELTK), the leading Israeli manufacturer of advanced Flex-Rigid circuitry solutions, announced today that it has entered into a $4.2 million investment agreement with Nistec Ltd. ("Nistec"), a leading provider of Electronic Manufacturing Services ("EMS") and design services, to sell Nistec 3,532,655 ordinary shares at $1.19 per share.
Nistec will also acquire all of the holdings of Eltek's major shareholder, Mr. Yossi Maiman (24.1%), for $2.3 million, or $1.45 per share. Upon completion of the transactions, Nistec will hold the majority of Eltek's issued share capital (50.5%).
eFuture to Engage Rainbow Department Store on myStore Platform
eFuture Information Technology Inc. (EFUT) (the "Company" or "eFuture"), a leading provider of software and services in China's rapidly growing retail and consumer goods industries, today announced that it has signed an agreement with Rainbow Department Store Company Limited (002419, "Rainbow Department Store") to launch myStore, a one-on-one engagement platform designed to facilitate easy access between sales clerks and their customers. The platform also provides a social shopping network for consumers and their friends to connect to the consumer society at large.
Established in 1984 and listed on the Shenzhen Stock Exchange in 2010, Rainbow Department Store, with its two brands "Rainbow" and "Dreams-on", has been recognized as one of the Top 100 Chain Retailers of China for 12 consecutive years. By April 2013, Rainbow owns 55 stores in major provinces across China and manages two franchised department stores. Dreams-on owns two regular stores.
Maxim Integrated Announces Definitive Agreement to Acquire Volterra Semiconductor, a Leader in Integrated Power
-- Maxim Integrated to acquire Volterra Semiconductor for $23 per share -- Transaction valued at $605 million equity value; $450 million enterprise value -- Maxim expects transaction to be immediately accretive to GAAP EPS, excluding special items -- Volterra product portfolio increases Maxim's leadership position in integrated power management -- Adds talented engineering team with proven track record of success
Maxim Integrated Products, Inc. (MXIM) announced it has entered into a definitive agreement to acquire Volterra Semiconductor Corp. (VLTR) for $23 per share, which represents a 55% premium to Volterra Semiconductor's closing share price on August 14, 2013. The transaction value is approximately $605 million equity value or $450 million net of Volterra's cash position of approximately $155 million.
Ubiquiti Networks Reports Record Fourth Quarter Financial Results
Ubiquiti Networks, Inc. (UBNT) ("Ubiquiti"), a product-driven technology company for end-to-end networking solutions, today announced results for the fourth quarter ended June 30, 2013 and fiscal 2013.
Fourth Quarter Financial HighlightsRevenues of $101.2 million, an increase of 22% from the prior quarter, marking the third consecutive quarter of sequential double-digit revenue growth. GAAP net income was $28.8 million, an increase of 40% sequentially. Non-GAAP operating profitability of $34.3 million, an increase of 42% sequentially.
PT Announces Second Quarter 2013 Financial Results "Quarterly GAAP Profit and Sequential Revenue Growth of 13%"
PT (NASDAQ: PTIX), a leading global provider of advanced network communications solutions, today announced its unaudited financial results for the second quarter 2013.
Revenue in the second quarter 2013 amounted to $7.1 million, compared to $5.0 million in the second quarter 2012. Revenue amounted to $13.4 million for the six months ended June 30, 2013 and in the corresponding period in 2012.
SMART Reports First Quarter 2014 Financial Results Revenue of $155.9 million Gross margin of 43.4% Adjusted EBITDA of $27.5 million Adjusted Net Income of $16.8 million
SMART Technologies Inc. (SMT) (SMA.TO), a leading provider of collaboration solutions, today announced financial results for its first quarter ended June 30, 2013.
"We are pleased with our execution during the first quarter, which resulted in a year-over-year increase in adjusted EBITDA," stated Neil Gaydon, President and CEO of SMART. "While we remain focused on driving top line growth long-term, we are committed to operational discipline as we implement our strategy."
Sapient Reports Second Quarter 2013 Results
Second Quarter Service Revenues Up 12.7% and Non-GAAP Operating Income Up 32% Compared to Second Quarter 2012
Sapient (SAPE) today reported the following financial results for the second quarter ended June 30, 2013:Service revenues were $314.3 million compared to $279.0 million in the second quarter of 2012, an increase of $35.3 million, or 12.7%. Sequentially, service revenues were up $21.7 million, or 7.4%, from $292.6 million in the first quarter of 2013. On a constant currency basis, revenues increased 13.1% over the second quarter of 2012 and increased 7.7% sequentially.
Pixelworks Reports Second Quarter 2013 Financial Results
Pixelworks, Inc. (PXLW), a pioneer in innovative video and display processing technology, today announced financial results for the second quarter ended June 30, 2013.
Second quarter 2013 revenue was up 15.5% to $9.6 million, compared to $8.3 million reported in the prior quarter and $15.5 million in the second quarter of 2012. The sequential increase in revenue was due to increased sales of chips for both Projectors and TVs. Revenue declined compared to the prior year quarter primarily as the result of lower licensing revenue during the second quarter.
CollabRx Featured on NBC News (VIDEO)
The battle against cancer just got a new high tech weapon, big data
CollabRx, Inc. (CLRX), a data analytics company focused on informing clinical decision making in molecular medicine, was featured on an NBC Bay Area news segment, Tech Now!, with business and tech reporter Scott Budman. News cameras visited CollabRx headquarters with NBC reporters highlighting that "the battle against cancer just got a new high tech weapon, big data," and that "the fight against cancer has a new ally, and it doesn't come from a lab, it comes from a piece of powerful software."
Intersil Corporation Reports Solid Second Quarter Results
Company Adopts New Strategic Framework to Focus on Power Management Expertise
Intersil Corporation (NASDAQ: ISIL), a leading provider of innovative power management and precision analog solutions, today announced financial results for the second quarter that spanned 14 weeks and ended July 5, 2013.
Quarterly HighlightsRevenue of $144.8 million increased 10% sequentially Gross margin increased to 55.2% on a GAAP-basis and to 55.4% on a non-GAAP basis
Brightcove Announces Financial Results for Second Quarter 2013
Brightcove Inc. (BCOV), a leading global provider of cloud content services, today announced financial results for the quarter ended June 30, 2013.
“Brightcove delivered strong second quarter results highlighted by revenue and profitability that exceeded the high end of our guidance,” said David Mendels, Chief Executive Officer of Brightcove. “We are seeing strong demand across a wide variety of industries as our customers embrace the use of digital content as a way to drive deeper levels of engagement with their customers. During the quarter we delivered exciting new technology to the market that enhances our market leadership position and strengthens our ability to penetrate the multi-billion dollar online video platform market.”
TriQuint Announces Second Quarter 2013 Results
TriQuint Semiconductor, Inc. (TQNT), a leading RF solutions supplier and technology innovator, announces its financial results for the quarter ending June 29, 2013, including the following highlights:Revenue for the quarter was $190.1 million GAAP net loss for the quarter was $14.9 million, or $(0.09) per share Non-GAAP net loss for the quarter was $10.9 million, or $(0.07) per share Mobile Devices market revenue grew 12% sequentially and 5% over the same period a year ago Repurchased 7.7 million shares for $51.1 million
Facebook, Inc. (NASDAQ: FB) today reported financial results for the second quarter, which ended June 30, 2013.
"We've made good progress growing our community, deepening engagement and delivering strong financial results, especially on mobile," said Mark Zuckerberg, Facebook founder and CEO. "The work we've done to make mobile the best Facebook experience is showing good results and provides us with a solid foundation for the future."