latest news releases from the newsroom
Northrop Grumman Corp.
Northrop Grumman Reports First Quarter 2004 Results
LOS ANGELES, May 4, 2004 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) reported that first quarter 2004 income from continuing operations rose 31 percent to $228 million, or $1.25 per diluted share, compared with $174 million, or $0.91 per diluted share, for the same period of 2003. Sales for the first quarter of 2004 increased 21 percent to $7.1 billion from $5.9 billion for the same period of 2003.
Minera Andes, Inc.
Minera Andes Discovers Significant Copper Zone At Los Azules Project, Argentina
SPOKANE, Wash., May 4, 2004 (PRIMEZONE) -- Minera Andes Inc. (TSX Venture Exchange:MAI) (OTCBB:MNEAF) ("the Corporation") is pleased to report the discovery of a large, enriched (chalcocite) copper zone at its 100% owned Los Azules property. The overall target area is approximately 1500 meters by 2000 meters (see attached map). Drilling returned up to 0.8% copper over 36 meters and 120 meters of 0.54% copper within an area defined by geology, MIMDAS deep penetration IP and magnetic geophysical surveys. This new zone has been confirmed by four drill holes showing enriched copper over an area 1000 meters by 500 meters. A fifth drill hole penetrated a thick section of related surface alteration before stopping short of its target depth.
QLogic SANbox 5200 Fibre Channel Stackable Switch Now Qualified for LEGATO NetWorker
ALISO VIEJO, Calif., May 4, 2004 (PRIMEZONE) -- QLogic Corp. (Nasdaq:QLGC), the company that powers storage area networks (SANs), announced today that LEGATO Software, a division of EMC Corporation (NYSE:EMC) and the leader in open software for Information Management, has qualified the QLogic SANbox 5200 Fibre Channel stackable switch for use with LEGATO NetWorker(r) information protection software. In addition, LEGATO NetWorker has achieved QLogic "10 Gig Ready(tm)" status after passing a comprehensive suite of tests with QLogic SANbox 5200 10Gb inter-switch linking technology.
Levi & Korsinsky, LLP
Zimmerman, Levi & Korsinsky, LLP Files Class Action Lawsuit Against Spear & Jackson, Inc. -- SJCK
NEWARK, N.J., May 4, 2004 (PRIMEZONE) -- Zimmerman, Levi & Korsinsky, LLP today announced that it has commenced a securities lawsuit on behalf of shareholders who purchased the common stock of Megapro Tools, Inc. ("Megapro") and Spear & Jackson, Inc., the surviving entity of a merger between Spear & Jackson, Inc. and Megapro, ("SJCK" or the "Company") (OTCBB:SJCK) between January 30, 2002 and April 15, 2004, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the Southern District of Florida.
Calypso Wireless, Inc.
Calypso Wireless Opens Second Research and Development Center in U.S.
MIAMI LAKES, Fla., May 4, 2004 (PRIMEZONE) -- Calypso Wireless, Inc. (OTCBB:CLYW) announced today it has opened a research and development (R&D) center in Akron, Ohio. The facility will play a key role in overseeing the production of Calypso's real time two-way video conferencing cellular phones and other mobile devices utilizing Calypso's revolutionary patented ASNAP(tm) technology. It will assist in the deployment of mobile phones and software products that incorporate the ASNAP(tm). The center will also focus on developing additional Wi-Fi and cellular solutions based on Calypso's patented technology.