Archive for the ‘Technology’ Category
Cognitive Technologies GB sign deal for prestigious apartment blocks at Manchester and Acomb
Cognitive Technologies GB (www.ctgb.co.uk) last month signed an exclusive deal for the Electrical Works, Intelligent Pre-Wiring, High Definition Distribution & Audio Pre-Wiring at 3 prestigious apartment blocks in Manchester and Acomb (York).
The apartment blocks have been developed in exclusive locations & when completed will offer all the latest in design and thanks to Cognitive, the technology too.
A spokesperson for the company said: “This is a great opportunity to work for a prestigious developer such as DKNP. We have been talking to many developers about the advantage of using Intelligent Home Control Equipment and DKNP are forward thinking enough to see the benefit.
“We are hoping to include this type of system as standard in to all DKNP properties over the next 2 years.
“The 3 apartment blocks – Ingenta Manchester, Aspire Bootham and The Rise Acomb will all be fitted with our top of the range Intelligent, Entertainment & Audio systems, a real must for any prestigious new build!”
“The Intelligent Home Control systems will provide the owners with the peace of mind that their home is safe & secure. It can detect possible leaks & shut the relevant supply down. It has sophisticated intruder detectors & it can offer more flexibility & independence for those with disabilities. What sets the system apart from its rivals, though, is the ease of use. It is the first central intelligence system in which all functions are controlled from a simple, centralised hub.
“The Multi Room Audio & Entertainment systems provide the ability to listen to music and watch TV all around the home. They offer the highest levels of performance, excellent reliability and importantly, a high degree of interconnectivity. They are really seen as one of the major components in a modern home.”
The work is due to be completed in 2010.
About Cognitive Technologies GB
Cognitive are the specialists in home cinema systems. Formed with over twenty years experience within the fast-changing Audio Visual / IT industry, we pride our self on offering our customers the complete solution. For more information visit our website http://www.ctgb.co.uk, or call us on 0845 230 2369.
BT Business serves up Microsoft Windows Small Business Server 2008
BT Business serves up Microsoft Windows Small Business Server 2008
From today UK firms looking to keep data more secure, and operations more productive, will be able to work with BT Business to implement the new Microsoft Windows Small Business Server 2008. BT Business will also provide small businesses with fully integrated, end-to-end IT and network infrastructure support.
Not officially launched worldwide by Microsoft until 12 November, Small Business Server 2008 is an integrated server solution that helps to protect business data, increase productivity and present a more professional image to customers. Small Business Server 2008 provides organisations of up to 75 employees with many of the features only previously available to larger businesses, including: e-mail; internal Web sites; remote access, support for mobile devices; file and printer sharing; backup, and restore and the ability to scale as businesses grow or change.
BT Business will add further value to customers by helping with the installation, administration and management through its expert IT services team. BT Business provides IT services to more than 45,000 small and medium businesses across the UK.
According to DTI statistics1, 70% of small businesses never trade again after a catastrophic IT failure, yet 51%2 do not back up daily and 61% do not use a firewall2. With an estimated 67% of SMEs3 currently operating without a server, Microsoft Windows Small Business Server 2008 is designed to deliver a comprehensive, reliable IT infrastructure at an affordable price for organisations with a limited in-house IT capability.
Colin Mattey, director, ICT and solutions, BT Business said: “By making enterprise-level IT and services accessible and affordable for small business for the first time, BT Business is helping UK firms increase productivity and do what they do best: grow their businesses.”
Car Video Screen sales on the up
Car Video Screen sales on the up
In-dash car video screen sales are on the up with sales increasing two-fold over the last twelve months alone. Experts claim that demand for in car entertainment continues to rocket despite the impending global recession.
In car entertainment such as in car video screens (also known as “car indash LCD” and “car LCD screens”) are popular with motoring enthusiasts and vehicle customizers who install the systems to their own and client’s specifications.
The car modification and cutomization market also continues to grow as consumers look to make the most of their existing vehicles, possibly due to reduced access to car finance.
Leaders in the car video screen markets such as Pioneer electronics and Jensen electronics are leading the way in in-dash entertainment, developing and releasing new models at unbelievable rates.
The boom in interest in the car LCD screen market has sprung a number of online specialists providing a range of advice, sales and service on leading brands.
One leading car video screen supplier has launched niche online store www.carvideoscreen.com, offering consumers a complete range of in car entertainment systems from leading brands such as Pioneer, Jensen & Legacy.
The site offers a complete range of in car entertainment systems including alarm systems, specialist speaker systems, amplifiers and flip down screens. However, it’s the indash LCD screens that continue to spark demand with numerous models back ordered up to 3 months in advance.
Recession or no recession, it seems that the car video screen market is still going strong!
Notes to the Editor:
For more information on car video screens, car indash LCD & car LCD screens please visit www.carvideoscreen.com
CarVideoScreen.com offers car video screens such as LCD monitors, in-dash screens, headrest monitors and other car stereo products at wholesale prices. Choose from name brand or reliable alternative LCD screens.
ClickSoftware and SAP Announce Global Reseller Agreement
ClickSoftware and SAP Announce Global Reseller Agreement
SAP to Resell ClickSoftware’s ServiceOptimization Software to Help Customers Improve Efficiency and Effectiveness of the Mobile Workforce
Agreement Leverages SAP’s Partner Ecosystem to Complement and Extend SAP® Solution Offerings
BURLINGTON, Mass. and WALLDORF, Germany - October 29, 2008 - ClickSoftware Technologies Ltd. (NasdaqCM: CKSW) and SAP AG (NYSE: SAP) today announced a global reseller agreement, underscoring SAP’s continued commitment to its ecosystem strategy that brings value to customers through collaboration with partners. SAP will resell ClickSoftware’s ServiceOptimization Suite as the SAP® Workforce Scheduling and Optimization application by ClickSoftware, helping customers meet the challenge of optimizing the mobile service workforce.
Improving the efficiency and effectiveness of the mobile workforce is a growing challenge for today’s companies. Whether this is driven by competitive, regulatory, financial or growth pressures, there is a need to deliver significant operational cost efficiencies and improved customer satisfaction. SAP Workforce Scheduling and Optimization helps customers to automate real-time proactive and reactive decision-making. Having the ability to act in real time on data from the field and produce optimal decisions for resource allocation and job scheduling can help SAP and ClickSoftware customers obtain the benefits of implementing a comprehensive service optimization solution.
The strong partnership between ClickSoftware and SAP is supported by a growing number of leading global customers, including Anglian Water Services, Bosch, ETSA Utilities, Konica Minolta, Pacific Gas & Electric, Philips Healthcare, Siemens Power, Southern California Edison, Xerox and many others across a number of industries.
“By integrating solutions from SAP and ClickSoftware and centralizing our operational scheduling functions, we have radically changed the way we work at Anglian Water,” said Chris Boucher, CIO, Anglian Water. “The real-time visibility of a customer’s history coupled with a consistent approach to managing our workloads has not only provided better customer service, but also enables more proactive and sustainable management of our assets.”
The new solution—based on ClickSchedule 7.5, which has achieved “Powered by SAP NetWeaver®” status—will complement and enhance the workforce planning and scheduling capabilities of the SAP® ERP and SAP® Customer Relationship Management (SAP CRM) applications for field-service management and enterprise asset management, with real-time optimized scheduling, maintenance scheduling, customer-demand forecasting, shift/roster planning and business analytics to increase productivity, reduce costs, support growth and strengthen customer relationships. SAP Workforce Scheduling and Optimization is available immediately.
“SAP and ClickSoftware will deliver real bottom-line value to customers within multiple industries across North America, Europe and Asia Pacific,” said Dr. Moshe BenBassat, chairman and CEO, ClickSoftware. “We have been positioning our solutions together with SAP software for many years, and take great pride in the integration of our solutions and in the value that our customers realize from our powerful partnership. Under the new agreement, SAP’s sales force will now have ClickSoftware’s products on its price list and can offer it to SAP’s customers. This will enable customers to license a comprehensive, integrated mobile workforce optimization software solution from a single source—SAP.”
“There is growing demand in the market for more comprehensive field service management that incorporates decision support and optimization,” said Tobias Dosch, senior vice president, Suite Solution Management, SAP AG. “Our relationship with ClickSoftware is a prime example of how SAP meets specific customer needs by leveraging our partner ecosystem to complement and extend SAP solution offerings. We are pleased to expand our relationship with ClickSoftware to bring this important capability to our customers, further increasing the value derived from investments in SAP solutions.”
Dr. Moshe BenBassat, chairman and CEO of ClickSoftware, and Darryl Gray, senior director of Emerging Business, Global Software and Technology Partners Division for SAP, will participate in a podcast discussing this global reseller agreement and its effect on customers, both companies and the industry. To listen to their discussion, visit http://www.clicksoftware.com/video/SAP-9-09-08-FINAL.mp3.
About ClickSoftware
ClickSoftware is the leading provider of mobile workforce management and service optimization solutions that create business value for service operations through higher levels of productivity, customer satisfaction and cost effectiveness. Combining educational, implementation and support services with best practices and its industry-leading solutions, ClickSoftware drives service decision making across all levels of the organization. From proactive customer demand forecasting and capacity planning to real-time decision making, incorporating scheduling, mobility and location-based services, ClickSoftware helps service organizations get the most out of their resources. With over 100 customers across a variety of industries and geographies, and strong partnerships with leading platform and system integration partners – ClickSoftware is uniquely positioned to deliver superb business performance to any organization. The company is headquartered in Burlington, Mass. and Israel, with offices in Europe, and Asia Pacific. For more information about ClickSoftware, please call (781) 272-5903 or (888) 438-3308, or visit www.clicksoftware.com.
This press release contains express or implied forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. These forward-looking statements include, but are not limited to, those regarding growth in ClickSoftware’s revenues and sales and partner networks. Such “forward-looking statements” involve known and unknown risks, uncertainties and other factors, which may cause actual results or performance to be materially different from those projected. ClickSoftware’s achievement of these results may be affected by many factors, including among others, the following risks: that ClickSoftware may fail to expand its activities in the market; and other risks associated with ClickSoftware’s business. For additional information regarding risks relating to ClickSoftware’s business, see ClickSoftware’s filings with the Securities and Exchange Commission including ClickSoftware’s annual report on Form 20-F for the year ended December 31, 2007, and subsequent filings with the Securities and Exchange Commission. ClickSoftware does not undertake to update any forward-looking statements.
About SAP
SAP is the world’s leading provider of business software (*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With approximately 76,000 customers (includes customers from the acquisition of Business Objects) in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol “SAP.” (For more information, visit www.sap.com)
(*) SAP defines business software as comprising enterprise resource planning and related applications.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (”SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright © 2008 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
Note to editors:
To view video stories on diverse topics, visit www.sap-tv.com. From this site, you also can embed videos into your own Web pages, share video via email links and subscribe to RSS feeds from SAP TV. No registration is required. To preview and request broadcast-standard video digitally or by tape, log on to www.thenewsmarket.com/sap, where registration and video is free to the media.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Simon Morris, ClickSoftware, Inc., +44 (0) 1628 607030, simon.morris@clicksoftware.com
Jeff Aubin, Beaupre PR, +1 (603) 559 5838, jaubin@beaupre.com
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT; press@sap.com
Hilmar Schepp, +49 (6227) 7-46799, hilmar.schepp@sap.com, CET
Maria Cubeta, Burson-Marsteller San Francisco, +1 (415) 591-4070, maria.cubeta@bm.com
Nokia delivers additional tools to speed connected Java gaming development
Nokia delivers additional tools to speed connected Java gaming development
SNAP Mobile SDK 2.2 provides game template, UI tools and support for cross-platform gaming
Rome, Italy and Espoo, Finland - Nokia today announced the availability of the latest Software Development Kit (SDK) for SNAP Mobile, its end-to end solution for connected mobile gaming in Java(TM) technology. The SNAP Mobile SDK 2.2 provides developers with a number of innovative tools to make it significantly easier to create connected mobile games. New features include a game template, skinable user interface framework, support for J2SE and Bot API. The SDK is available for download through Forum Nokia, the largest mobile development community worldwide, at http://www.forum.nokia.com/snapmobile.
“Nokia is committed to enhancing the mobile gaming experience and by adding these new elements to the SNAP Mobile SDK, we’re making it faster and easier for developers to add connected gaming elements to their games,” said Jonathan Sharp, Director, Games Strategy, Nokia. “Consumers expect more and more from their mobile games and this SDK will help developers deliver great Java games with superior connected gaming elements. We are working in close collaboration with our gaming partners to evolve the mobile gaming industry at large and together we can ensure that consumers get even better games.”
The new game template provides a complete implementation for all required community functionality such as friends list and chat, with an interface that allows developers to either plug in existing game code, or to use as a basis for entirely new connected games. This template enables developers to concentrate on developing their game, not on the platform requirements, since most SNAP Mobile requirements are already in the game template.
With the user interface framework, developers can quickly manipulate a game’s look and feel with easy to change XML. The UI framework includes a clean separation of controller logic which makes it easy to use with developers’ existing UI frameworks. For example, PopCap Games’ Chuzzle(TM) powered by SNAP Mobile is now available with new connected elements that enable players to compete globally for high scores. PopCap took their existing Chuzzle game and used the SNAP Mobile SDK 2.2 to quickly add connected functionality with only minimal redesign to the game’s user interface. This is PopCap’s first connected mobile game developed on a Nokia platform, with development ongoing for additional games expected to be available in 2009.
The SNAP Mobile SDK 2.2 also adds support for J2SE, enabling developers to design games with cross platform support. This means that SNAP Mobile games can also be created as a desktop applications or applets to run on PCs and web pages with the possibility to play against the same game’s mobile version. For example, the N-Gage title Reset Generation uses the SNAP Mobile support for J2SE to enable players to compete against each other from a webpage and from their Nokia device.
The new Bot API helps developers deliver a better connected game experience as it guarantees that mobile players can find opponents online. If an opponent isn’t immediately found online, the system will match players with a server based AI so they can play without having to wait for an opponent.
For more information on SNAP Mobile, please visit http://www.forum.nokia.com/snapmobile.
Apple Reports Fourth Quarter Results
Apple Reports Fourth Quarter Results
6.9 Million iPhones Sold
Mac Sales Reach All-Time High
Apple® today announced financial results for its fiscal 2008 fourth quarter ended September 27, 2008. The Company posted revenue of $7.9 billion and net quarterly profit of $1.14 billion, or $1.26 per diluted share. These results compare to revenue of $6.22 billion and net quarterly profit of $904 million, or $1.01 per diluted share, in the year-ago quarter. Gross margin was 34.7 percent, up from 33.6 percent in the year-ago quarter. International sales accounted for 41 percent of the quarter’s revenue.
In accordance with the subscription accounting treatment required by GAAP, the Company recognizes revenue and cost of goods sold for iPhone™ and Apple TV® over their economic lives. Adjusting GAAP sales and product costs to eliminate the impact of subscription accounting, the corresponding non-GAAP measures* for the quarter are $11.68 billion of “Adjusted Sales” and $2.44 billion of “Adjusted Net Income.”
Apple shipped 2,611,000 Macintosh® computers during the quarter, representing 21 percent unit growth and 17 percent revenue growth over the year-ago quarter. The Company sold 11,052,000 iPods during the quarter, representing eight percent unit growth and three percent revenue growth over the year-ago quarter. Quarterly iPhone units sold were 6,892,000 compared to 1,119,000 in the year-ago-quarter.
“Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone—we sold more phones than RIM,” said Steve Jobs, Apple’s CEO. “We don’t yet know how this economic downturn will affect Apple. But we’re armed with the strongest product line in our history, the most talented employees and the best customers in our industry. And $25 billion of cash safely in the bank with zero debt.”
“We’re very pleased to have grown revenue 35 percent and to have generated $9.1 billion in cash in fiscal 2008,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead, visibility is low and forecasting is challenging, and as a result we are going to be prudent in predicting the December quarter. We are providing a wide range for our guidance, targeting revenue of $9.0 to $10.0 billion and earnings per diluted share between $1.06 and $1.35.”
Apple will provide live streaming of its Q4 2008 financial results conference call utilizing QuickTime®, Apple’s standards-based technology for live and on-demand audio and video streaming. The live webcast will begin at 2:00 p.m. PDT on Tuesday, October 21, 2008 at www.apple.com/quicktime/qtv/earningsq408/ and will also be available for replay for approximately two weeks thereafter.
*Non-GAAP Financial Measures
During fiscal 2007, the Company began selling the iPhone and Apple TV. Because the Company may provide unspecified features and additional software products to iPhone and Apple TV customers in the future free of charge, in accordance with GAAP the Company recognizes revenue and cost of goods sold for these products on a straight-line basis over their economic lives, with any loss recognized at the time of sale. Currently, the economic lives of these products are estimated to be 24 months. This accounting treatment, referred to as subscription accounting, results in the deferral of almost all of the revenue and cost of goods during the quarter in which the products are sold to the customer. Other costs related to these products, including costs for engineering, sales, marketing and warranty, are expensed as incurred. Further, the costs to develop any future unspecified features and additional software products that may eventually be provided to customers also are expensed as incurred. In contrast, the Company generally recognizes revenue and cost of goods sold for its other products, such as Macs and iPods, at the time of sale, as the Company does not provide future unspecified features or additional software products to those customers free of charge.
In July 2008, the Company began selling iPhone 3G, the second-generation iPhone, and significantly expanded distribution by establishing carrier relationships in over 70 countries. Unit sales of iPhone 3G have been significantly greater than sales of the first-generation iPhone. During the first quarter of iPhone 3G availability ended September 27, 2008, 6.9 million units were sold, exceeding the 6.1 million first-generation iPhone units sold in the prior five quarters combined. As a result of this growth in unit sales, the amount of iPhone revenue and product cost that the Company deferred for recognition in future periods under subscription accounting increased materially in the quarter ended September 27, 2008.
While the GAAP results provide significant insight into the Company’s operations and financial position, management supplements its analysis of the business using financial measures that look at the total sales, related product costs and resulting income for iPhones and Apple TVs sold to customers during the period. The presentation at the end of this press release includes the following non-GAAP measures: “Adjusted Sales,” “Adjusted Cost of Sales,” “Adjusted Gross Margin,” “Adjusted Operating Margin,” “Adjusted Income before Provision for Income Taxes,” “Adjusted Provision for Income Taxes,” “Adjusted Net Income” and “Adjusted Diluted Earnings per Share.” These financial measures are not consistent with GAAP because they do not reflect the deferral of revenue and product costs for recognition in later periods. The Company uses these financial measures, along with other measures discussed below, to provide additional insight into current operating and business trends not readily apparent from the GAAP results.
Management uses Adjusted Sales to evaluate the Company’s growth rate, revenue mix and performance relative to competitors. Given the significant increase in iPhone unit sales during the quarter ended September 27, 2008, Adjusted Sales provides a meaningful measurement of the Company’s growth by reflecting amounts generally due to Apple at the time of sale related to products sold within the period. Further, eliminating the effects of deferred revenue (current sales deferred to future periods and prior sales being recognized currently) provides more transparency into the Company’s underlying sales trends. Management uses the non-GAAP measures of “Adjusted Cost of Sales,” “Adjusted Gross Margin” and “Adjusted Operating Margin” to measure the Company’s operating performance based on current period iPhone and Apple TV sales and to facilitate on-going operating decisions. Additionally, because the Company recognizes engineering, sales, and marketing expenses as incurred, including expenses related to iPhone and Apple TV, management uses Adjusted Sales to evaluate returns on those costs, to manage year-over-year operating expense growth, and to budget future expenses. Furthermore, because they are considered meaningful indicators of current business performance, the non-GAAP measures “Adjusted Sales” and “Adjusted Operating Margin” are metrics that will factor into the determination of management compensation beginning in fiscal year 2009. Finally, management uses the non-GAAP measures of “Adjusted Income before Provision for Income Taxes,” “Adjusted Provision for Income Taxes,” “Adjusted Net Income” and “Adjusted Diluted Earnings per Share” to measure the Company’s operating performance based on current period iPhone and Apple TV sales, to facilitate on-going operating decisions, and compare performance relative to competitors.
Management believes that these non-GAAP financial measures, when taken together with the corresponding consolidated GAAP measures and related segment information, provide incremental insight into the underlying factors and trends affecting both the Company’s performance and its cash generating potential. Management believes these non-GAAP measures increase the transparency of the Company’s current results and enable investors to more fully understand trends in its current and future performance. Beginning with this earnings release, the Company plans to include these non-GAAP measures of financial performance as part of its earnings releases.
Cautions on Use of Non-GAAP Measures
As noted previously, these non-GAAP financial measures are not consistent with GAAP because they do not reflect the deferral of revenue and product costs for recognition in later periods. These non-GAAP financial measures do not adjust for the costs associated with the Company’s intention to provide unspecified new features and software to purchasers of iPhone and Apple TV products. These costs are expensed as incurred under GAAP’s subscription accounting model, and are not adjusted in these non-GAAP financial measures. As such, these non-GAAP financial measures are not intended to reflect in a given period all of the costs of sales made in that period. Rather, the non-GAAP financial measures presented below are intended for the limited purpose of presenting performance measures that include the total sales, related product costs, and resulting income for iPhones and AppleTVs in the period those products are sold to customers.
Management believes investors will benefit from greater transparency in referring to these non-GAAP financial measures when assessing the Company’s operating results, as well as when forecasting and analyzing future periods. However, management recognizes that:
* these non-GAAP financial measures are limited in their usefulness and should be considered only as a supplement to the Company’s GAAP financial measures;
* these non-GAAP financial measures should not be considered in isolation from, or as a substitute for, the Company’s GAAP financial measures;
* these non-GAAP financial measures should not be considered to be superior to the Company’s GAAP financial measures;
* these non-GAAP financial measures were not prepared in accordance with GAAP and investors should not assume that the non-GAAP financial measures presented in this earnings release were prepared under a comprehensive set of rules or principles;
* these non-GAAP financial measures are not presented with comparable non-GAAP financial measures for prior periods, although management intends to continue to track and present these non-GAAP financial measures for future periods; and
* until management presents comparable non-GAAP financial measures for additional periods, these non-GAAP financial measures do not provide any information regarding trends in the Company’s performance and, as such, investors should not assume that the presentation of these non-GAAP financial measures reflects any positive or negative trends in the Company’s performance.
Further, these non-GAAP financial measures may be unique to the Company, as they may be different from non-GAAP financial measures used by other companies. As such, this presentation of non-GAAP financial measures may not enhance the comparability of the Company’s results to the results of other companies.
A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure or measures appears at the end of this press release.
This press release contains forward-looking statements including without limitation those about the Company’s estimated revenue and earnings per share. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company’s reaction to those factors, on consumer and business buying decisions with respect to the Company’s products; potential litigation from the matters investigated by the special committee of the board of directors and the restatement of the Company’s consolidated financial statements; continued competitive pressures in the marketplace; the ability of the Company to deliver to the marketplace and stimulate customer demand for new programs, products, and technological innovations on a timely basis; the effect that product transitions, changes in product pricing or mix, and/or increases in component costs could have on the Company’s gross margin; the inventory risk associated with the Company’s need to order or commit to order product components in advance of customer orders; the continued availability on acceptable terms, or at all, of certain components and services essential to the Company’s business currently obtained by the Company from sole or limited sources; the effect that the Company’s dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; the Company’s reliance on the availability of third-party digital content; the potential impact of a finding that the Company has infringed on the intellectual property rights of others; the effect that product and service quality problems could have on the Company’s sales and operating profits; the Company’s reliance on sole service providers for iPhone in certain countries; war, terrorism, public health issues, and other circumstances that could disrupt supply, delivery, or demand of products; unfavorable results of other legal proceedings; and the Company’s dependency on the performance of distributors and other resellers of the Company’s products. More information on potential factors that could affect the Company’s financial results is included from time to time in the Company’s public reports filed with the SEC, including the Company’s Form 10-K for the fiscal year ended September 29, 2007; its Forms 10-Q for the quarters ended December 29, 2007, March 29, 2008 and June 28, 2008; and its Form 10-K for the fiscal year ended September 27, 2008, to be filed with the SEC. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.
Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications. Apple is also spearheading the digital media revolution with its iPod portable music and video players and iTunes online store, and has entered the mobile phone market with its revolutionary iPhone.
Press Contacts:
Steve Dowling
Apple
dowling@apple.com
(408) 974-1896
Press Contacts:
Nancy Paxton
Apple
paxton1@apple.com
(408) 974-5420
Joan Hoover
Apple
hoover1@apple.com
(408) 974-4570
COA Solutions Shortlisted for Accountancy Age Awards
COA Solutions Shortlisted for Accountancy Age Awards
COA Solutions’ OpenAccounts financial management system is a finalist in the Enterprise Software Package of the Year category of the Accountancy Age Awards 2008 for the ninth consecutive year. Judged by financial directors and industry experts, OpenAccounts is one of four financial software products shortlisted and is competing for the title against COA Solutions’ document management subsidiary, Version One. The winner will be announced at an awards ceremony on 12 November 2008 at Battersea Park Arena, London.
Accountancy Age Award FinalistThe Accountancy Age Awards celebrate success, achievement and excellence in the UK accountancy industry. COA Solutions’ OpenAccounts has been shortlisted for the Enterprise Software Package of the Year category for the last nine years and won this award in 2000, 2003, 2004 and 2006. To reach this year’s finals, COA Solutions had to prove the superiority of its OpenAccounts system in seven key areas from functionality and reliability through to customer care and value for money.
Mark Thompson, Managing Director of COA Solutions, says, “Reaching the final of these highly respected awards for the last nine years is a tremendous achievement and reflects the continuous improvements we have made to our OpenAccounts system and service offering. We pride ourselves on staying close to our customers so that we can fully understand their evolving business issues and respond swiftly to their needs.”
COA Solutions is the UK’s leading supplier of business management and information systems to public, private and not-for-profit organisations in the service sector. Its OpenAccounts system strengthens financial management processes and provides integrated e-procurement, improving productivity whilst further streamlining the finance department.
Leading Examination Board to Transform Accounts Payable by Electronically Processing over 250,000 Documents Each Year
Leading Examination Board to Transform Accounts Payable by Electronically Processing over 250,000 Documents Each Year
Cambridge Assessment, Europe’s largest assessment agency, is transforming its accounts payable function, including significantly cutting costs and reducing manual data entry by up to 75%, with the implementation of Version One’s document management, imaging and authorisation systems. These new systems are expected to go-live by the end of 2008.
Leading Examination Board to Transform Accounts Payable by Electronically Processing over 250,000 Documents Each YearVersion One’s solutions, which will be tightly integrated into Cambridge Assessment’s CODA Financials accounting system, will enable the electronic storage and retrieval of up to 250,000 documents each year including invoices, purchase orders and expense claim forms. Cambridge Assessment will also be able to electronically authorise its purchase invoices and automatically capture and verify the data from these invoices using optical character recognition (OCR) technology, significantly reducing manual data entry.
Martin Smiley, Group Financial Controller, from Cambridge Assessment says, “We scoured the market and scrutinised a number of document management suppliers but Version One stood out in offering the required functionality at a cost that was within our budget. As well as having many years’ experience providing integrated document management systems to UK businesses, the company has a proven track record in the area of accounts payable.”
quote
As well as having many years’ experience providing integrated document management systems to UK businesses, the company has a proven track record in the area of accounts payable.
quote- Martin Smiley - Cambridge Assessment
Smiley continues “Time-consuming manual-based processes have been impacting our ability to efficiently process supplier invoices. Currently our purchase ledger clerks have to manually duplicate information from purchase invoices onto separate payment vouchers which is an inefficient use of their time. Identifying the appropriate person to send an invoice to for their approval, writing out the envelope and then placing the invoice in the internal post to one of our multiple sites causes further delays in the approval process.”
Cambridge Assessment only has the space to hold three months of invoices on-site. The remaining invoices are stored in the Group’s large, off-site warehouse facility ten miles away and so retrieving invoices more than three months old can take at least two days and is expensive.
Smiley says, “We can have up to 14 staff manually filing and retrieving documents at any one time because we handle so much paper. Losing claim forms, of which over 200,000 are processed each year, is also all too common. Version One’s software will free-up document storage space, cut expensive archiving costs and make it impossible to lose documents. We will also no longer need to employ temporary staff to undertake filing and basic administrative tasks during peak summer periods, further cutting costs.”
Using a Kodak i1420 scanner and Version One’s DbArchive, all invoices arriving into Cambridge Assessment will be scanned centrally, tagged to the appropriate record in the CODA accounting system and electronically stored. Version One’s OCR technology will automatically capture purchase invoice data, significantly reducing manual data entry. Using authorisation module DbAuthorise, approvers will be automatically emailed a link to the imaged invoice allowing them to approve, reject or query it directly from their PCs with just a click of the mouse, further improving efficiency.
Smiley comments, “Version One’s OCR will reduce manual data entry by approximately 75% and significantly reduce data entry errors. This will enable staff to concentrate on more value-adding activities. In addition, being able to track exactly where invoices are in the approval chain, which is currently impossible, will streamline the approval process, allowing us to improve communications with our suppliers whilst cutting late payment penalties.”
Google.org Battles Bugs & Viruses
Google.org Battles Bugs & Viruses
Announces More Than $14 Million in Grants to Partners Working to Predict and Prevent the Next Pandemic
Mountain View, Calif. (October 21, 2008) — Google.org, the philanthropic arm of Google (NASDAQ: GOOG), has announced grants of more than $14 million to support partners working in Southeast Asia and Africa to prevent the next pandemic. Google.org’s Predict and Prevent initiative is supporting efforts to identify hot spots where diseases may emerge, detect new pathogens circulating in animal and human populations, and respond to outbreaks before they become global crises. Several new lethal infectious diseases crop up every year. Examples include the well-known killers, HIV/AIDS, bird flu, and SARS, as well as drug-resistant strains of ancient scourges malaria and tuberculosis. Three-quarters of new diseases are zoonoses, meaning they’ve jumped from animals to humans.
“Business as usual won’t prevent the next AIDS or SARS. The teams we’re funding today are on the frontiers of digital and genetic early detection technology. We hope that their work, with partners across environmental, animal, and human health boundaries, will help solve centuries-old problems and save millions of lives,” said Dr. Larry Brilliant, Executive Director, Google.org.
Identifying hot spots
Knowing where to look is critical to disease surveillance. Climate change and deforestation increase human-animal contact, and with it, disease spreads. “The holy grail is to predict disease outbreaks before they happen. For Rift Valley fever and malaria, long-term weather forecasts and deforestation maps can show us where to look for outbreaks, up to six months in advance,” said Frank Rijsberman, Program Director, Google.org.
* The Woods Hole Research Center - $2 million multi-year grant to support high-resolution satellite mapping of forests to enhance monitoring of forest loss and settlement expansion in tropical countries. WHRC will create information to share with environmental and human experts so they can better anticipate the emergence of infectious diseases. For more information, please visit http://www.whrc.org/.
* Columbia University International Research Institute for Climate and Society (IRI) - $900,000 multi-year grant to improve the use of forecasts, rainfall data and other climate information in East Africa, and link weather and climate experts to health specialists so they can better predict outbreaks of infectious diseases. For more information, please visit http://portal.iri.columbia.edu/portal/server.pt.
* University Corporation for Atmospheric Research - $900,000 multi-year grant to build and implement a system that will use weather projections to inform and target response to disease threats in West Africa. For more information, please visit http://www.ucar.edu/.
Detecting diseases earlier
Genetic detection filters viral information in DNA to uncover deadly new pathogens, and digital detection mines online data to reveal early signals of possible epidemics. “We want to stop viruses dead in their tracks – their animal tracks – before they jump to humans,” noted Dr. Mark Smolinski, Google.org’s Threat Detective.
* Global Viral Forecasting Initiative (GVFI) - $5.5 million multi-year grant (with equal funding from the Skoll Foundation) to support the collection and analysis of blood samples of humans and animals in hot spots within Cameroon, Democratic Republic of Congo, China, Malaysia, Lao PDR and Madagascar. The GVFI team, headed by Dr. Nathan Wolfe, has demonstrated that potentially pathogenic animal viruses jump more frequently to humans than previously believed and will work to detect early evidence of future pandemics. For more information, please visit http://gvfi.org/index.html.
* Columbia University Mailman School of Public Health - $2.5 million multi-year grant to support research to accelerate the discovery of new pathogens, and to enable rapid, regional response to outbreaks by establishing molecular diagnostics in hot spot countries including Sierra Leone and Bangladesh. Dr. Ian Lipkin and colleagues have discovered more than 75 viruses to date, established critical links between infection and the development of acute and chronic diseases, including pneumonia, meningitis/encephalitis, cancer, and mental illness. For more information, please visit http://cii.columbia.edu/.
* Children’s Hospital Corporation supporting Healthmap and ProMED-mail - $3M multi-year grant to combine HealthMap’s digital detection efforts with ProMED-mail’s global network of human, animal, and ecosystem health specialists. Together, these programs will assess current emerging disease reporting systems, expand regional networks in Africa and Southeast Asia, and develop new tools to improve the detection and reporting of outbreaks. For more information please visit http://www.childrenshospital.org/, http://www.healthmap.org/en, and http://www.promedmail.org/pls/otn/f?p=2400:1000:.
“On every continent, viruses move from animals into people. GVFI’s mission is to monitor this viral exchange. Working in animal markets, with restaurant workers, and with hunters at the end of the road, we sort through this traffic to try to stop deadly diseases before they spread,” said Dr. Nathan Wolfe, Founder and Director, Global Viral Forecasting Initiative.
For more information and a Google Earth Layer highlighting the grantees, please visit http://www.google.org/predict.html.
eBay Inc. Buys Leading Payments and Classifieds Businesses, Streamlines Existing Organization To Improve Growth
SAN JOSE, Calif., October 6, 2008 – eBay Inc. (NASDAQ:EBAY) today announced two acquisitions that significantly extend the company’s leadership position in online payments and classifieds. In payments, the company is acquiring the U.S.-based online payments business Bill Me Later® for approximately $820 million in cash and approximately $125 million in outstanding options. In classifieds, the company has acquired Denmark’s leading online classifieds site dba.dk and vehicles site bilbasen.dk for approximately $390 million in cash.
The company also announced plans to reduce its global workforce by approximately 10 percent, affecting about 1,000 employees in addition to several hundred temporary workers and the reduction of open positions. The global reduction is intended to simplify and streamline eBay’s organization, improve the company’s cost structure and strengthen the overall competitiveness of the company’s existing businesses. The reduction is expected to result in pretax restructuring charges of approximately $70 million to $80 million, with the charges predominantly recorded in the fourth quarter of 2008.
“We are making aggressive moves to strengthen our leadership positions in e-commerce and payments to competitively position our company for long-term growth,” said John Donahoe, eBay Inc.’s president and chief executive officer. “Bill Me Later is a perfect complement to our portfolio, a company that belongs with PayPal. Together, PayPal and Bill Me Later will make online payments safer, easier and more convenient than ever.”
“Our classifieds acquisition gives us another market leadership position in Europe for this rapidly growing part of our portfolio,” Donahoe said. “We are the global leader in classifieds with top positions in Canada, Australia, Germany, Japan and the United Kingdom, and sites in more than 1,000 cities across 20 countries. The acquisition of dba.dk and bilbasen.dk gives us technology and expertise we can leverage across our classifieds portfolio to create better customer experiences.”
Commenting on the company’s workforce reduction, Donahoe said: “While never an easy decision to make, these reductions will help improve our operations and strengthen our ability to continue investing in growth.”
The company also stated it expects to hit the low end of its Q3 2008 revenue guidance and exceed GAAP and non-GAAP earnings per share guidance as issued in conjunction with its second quarter earnings release on July 16. eBay is scheduled to announce third quarter results on October 15.
More information about Bill Me Later and dba.dk and bilbasen.dk can be found in separate press releases issued by the company today.
eBay Inc. will host an investor conference call today at 5:30 a.m. PDT to discuss this announcement. A live webcast of the conference call can be accessed through the eBay Investor Relations Web site at http://investor.ebay.com. An archive of the webcast will be accessible through the same link.
About eBay Inc.
Founded in 1995, eBay Inc. connects hundreds of millions of people around the world every day, empowering them to explore new opportunities and innovate together. eBay Inc. does this by providing the Internet platforms of choice for global commerce, payments and communications. Since its inception, eBay Inc. has expanded to include some of the strongest brands in the world, including eBay, PayPal, Skype, StubHub, Shopping.com, and others. eBay Inc. is headquartered in San Jose, California.
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