latest news releases from the newsroom
Melco Crown Entertainment Limited
Melco Crown Entertainment Limited Announces Follow-on Public Offering
NEW YORK, Aug. 11, 2009 (GLOBE NEWSWIRE) -- Melco Crown Entertainment Limited (Nasdaq:MPEL), a developer and owner of casino gaming and entertainment resort facilities focused on the Macau market, today announced that it is commencing a public offering of 37,500,000 ADSs. Each ADS represents three ordinary shares of Melco Crown Entertainment Limited. In connection with the offering, Melco Crown Entertainment Limited expects to grant an option to purchase up to an additional 3,750,000 ADSs to the underwriters of the offering for the purpose of covering over-allotments. Deutsche Bank Securities Inc. and Citigroup Global Markets Inc. are acting as joint bookrunners for the offering and CLSA Limited and Oppenheimer & Co. Inc. are acting as co-managers for the offering.
National Interstate Corporation
National Interstate Has Success With Large Transportation Clients
RICHFIELD, Ohio, Aug. 11, 2009 (GLOBE NEWSWIRE) -- National Interstate Insurance Company, a leader in captive insurance for the transportation industry, has been expanding its Large Account Rental Captive (LARC) program. The LARC program is part of the Company's Alternative Risk Transfer component and provides an innovative risk management solution for clients with $2 million or more in annual insurance premiums. The company has welcomed three new LARC customers in 2009, bringing the total number of in-force large account clients to seven. These customers have annual premiums in the $2 million to $11 million range.
STEC Delivers Industry's First Enterprise Class 6Gb Serial Attached SCSI (SAS) Solid State Drive (SSD)
SANTA CLARA, Calif., Aug. 11, 2009 (GLOBE NEWSWIRE) -- STEC, Inc. (Nasdaq:STEC), today announces STEC's 6Gb SAS ZeusIOPS SSDs at Flash Memory Summit (FMS) are now sampling into high-performance Enterprise storage and server systems. The advancement is expected to generate additional momentum for the successful STEC's SAS SSD series which has already been widely adopted with the 3Gb SAS ZeusIOPS. The 6Gb SAS ZeusIOPS SSD will deliver an unprecedented 80,000 IOPS Random Read, 40,000 IOPS Random Write with transfer speeds of 550MB/s read and 300MB/s write. Available in both 2.5" and 3.5" form factors and supporting SLC and MLC Flash, this next generation 6GB SAS ZeusIOPS SSD is expected to be in full production by end of Q4.
Power Medical Interventions, Inc.
Power Medical Interventions(r) Reports Second Quarter 2009 Financial Results
LANGHORNE, Pa., Aug. 11, 2009 (GLOBE NEWSWIRE) -- Power Medical Interventions(r), Inc. (OTCBB:PMII), a leader in developing and commercializing Intelligent Surgical Instruments(tm), today announced financial results for the three months and six months ended June 30, 2009. The company also highlighted several corporate milestones that were achieved since the completion of the first quarter of 2009 and commented on the recently announced acquisition by Covidien. The acquisition, which will take the form of an all cash tender offer, is subject to customary closing conditions and is expected to be completed by September 25, 2009.
STEC Launches Next Generation Enterprise Class 4Gb Fibre Channel (FC) Solid State Drive (SSD)
SANTA CLARA, Calif., Aug. 11, 2009 (GLOBE NEWSWIRE) -- STEC, Inc. (Nasdaq:STEC) today announces at Flash Memory Summit (FMS) STEC's latest 3rd Generation 4Gb FC ZeusIOPS SSDs are now sampling into high-performance Enterprise storage applications. The progression in technology will expand the already successful Fibre Channel series of the ZeusIOPS within the enterprise storage markets. This 3rd generation FC SSD elevates the performance bar to 80,000 IOPS Random Read, 40,000 IOPS Random Write with transfer speeds of 380MB/s read and 300MB/s write. Available in a 3.5" form factor and supporting SLC and MLC Flash, these products are expected to be in full production by end of Q4.
STEC First to Deliver MLC-Based Enterprise-Class Solid State Drives (SSDs), Enabling Broader Enterprise SSD Market Adoption
SANTA CLARA, Calif., Aug. 11, 2009 (GLOBE NEWSWIRE) -- STEC, Inc. (Nasdaq:STEC), today announced at Flash Memory Summit (FMS) that STEC has shipped samples to OEM customers of multi-level cell (MLC)-based ZeusIOPS Solid State Drives optimized to meet the stringent demands of Enterprise storage and server applications. These versions of STEC's core SSD product families achieve previously unattained reliability levels using MLC NAND Flash. MLC NAND Flash components are generally considered to be more widely available at competitive pricing, leading to significant cost reductions for SSDs built using these parts. STEC's MLC-based drives will be offered with enterprise SAS 6Gb and 4Gb FC connectivity and in 2.5" and 3.5" form factors with capacities up to 800GB. These products are expected to be shipping in volume by the first quarter of 2010.
NASDAQ Announces End-of-Month Open Short Interest Positions in NASDAQ Stocks as of Settlement Date July 31, 2009
NEW YORK, Aug. 11, 2009 (GLOBE NEWSWIRE) -- At the end of the settlement date of July 31, 2009, short interest in 2,450 NASDAQ Global Market (sm) securities totaled 6,633,118,964 shares compared with 6,978,473,519 shares in 2,445 Global Market issues reported for the prior settlement date of July 15, 2009. The end-of-July short interest represents 3.12 days average daily NASDAQ Global Market share volume for the reporting period, compared with 2.97 days for the prior reporting period.
STEC Integrates MACH8IOPS SSD Into IBM's System x Servers
SANTA ANA, Calif., Aug. 11, 2009 (GLOBE NEWSWIRE) -- STEC, Inc. (Nasdaq:STEC), today announced that STEC's MACH8IOPS Solid State Drives (SSD) are now integrated and shipping into several versions of IBM's (NYSE:IBM) System x server series. These diskless versions of the System x represent an Enterprise- Server platform relying solely on SSD technology with higher performance and lower-power consumption than that of traditional drives.
Cree Reports Record Revenue for the Fourth Quarter and Fiscal Year 2009
DURHAM, N.C., Aug. 11, 2009 (GLOBE NEWSWIRE) -- Cree, Inc. (Nasdaq:CREE), a market leader in LED lighting, today announced record revenue of $148.1 million for its fourth quarter of fiscal 2009, ended June 28, 2009. This represents a 9% increase compared to revenue of $135.9 million reported for the fourth fiscal quarter last year and a 13% increase compared to the fiscal third quarter of 2009. GAAP net income for the fourth quarter was $9.7 million, or $0.11 per diluted share, compared to GAAP net income of $8.4 million, or $0.09 per diluted share, for the fourth quarter of fiscal 2008. On a non-GAAP basis, net income for the fourth quarter of fiscal 2009 was $16.3 million, or $0.18 per diluted share, compared to non-GAAP net income for the fourth quarter of fiscal 2008 of $14.5 million or $0.16 per diluted share. Cree generated $43.0 million of operating cash flow and $28.3 million of free cash flow (cash flow from operations less capital expenditures) during the fourth quarter.
STEC to Present At the Oppenheimer Annual Technology Conference
SANTA ANA, Calif., Aug. 11, 2009 (GLOBE NEWSWIRE) -- STEC, Inc. (Nasdaq:STEC) announced today that its Management Team will present at the Oppenheimer Annual Communications, Technology & Internet Conference. The STEC Management Team will present at 6:50 a.m.PT/9:50 a.m. ET on Wednesday, August 12, 2009. The Event is being held in Boston at the Four Seasons Hotel.