latest news releases from the newsroom
Metalink Schedules Fourth Quarter and Annual Results Conference Call for 2007
YAKUM, Israel, Jan. 28, 2008 (PRIME NEWSWIRE) -- Metalink Ltd. (Nasdaq:MTLK) today announced that its fourth quarter and annual results conference call for 2007 will be broadcast "live" in listen-only mode via its website on Monday, February 4th, 2008 at 9:00 AM (EST). Metalink's fourth quarter and annual results for 2007 will be released at 7:30 AM EST on the same day.
Tyson Foods, Inc.
Tyson Reports First Quarter Fiscal 2008 Results
SPRINGDALE, Ark., Jan. 28, 2008 (PRIME NEWSWIRE) -- Tyson Foods, Inc. (NYSE:TSN) today reported $0.10 diluted earnings per share for the first fiscal quarter ended December 29, 2007, compared to $0.16 diluted earnings per share in the same quarter last year. Sales for the first quarter of fiscal years 2008 and 2007 were $6.8 billion and $6.6 billion, respectively. Operating income was $84 million compared to $145 million and net income was $34 million compared to $57 million for the first quarter of fiscal years 2008 and 2007, respectively. In the first quarter of fiscal 2008, we recorded an $18 million non-operating gain on the sale of an investment. Additionally, we recorded $6 million of severance charges related to the FAST initiative.
Virgin America and Revision3 Partner to Bring Next Generation Web-TV to the Skies
SAN FRANCISCO, Jan. 28, 2008 (PRIME NEWSWIRE) -- Virgin America and Revision3, the groundbreaking Internet TV network built for the web generation, are partnering to bring original, cutting-edge web-based television programming to guests on the next generation carrier's flights. Revision3 programming on Virgin America will make its debut this March and will be available on the airline's flights to New York, San Francisco, Los Angeles, Washington D.C., Las Vegas, San Diego and Seattle.
Foundry Networks, Inc.
Foundry Networks Enhances Usability and Eases Manageability for the ServerIron Family of Application Delivery Switches
SANTA CLARA, Calif., Jan. 28, 2008 (PRIME NEWSWIRE) -- Foundry Networks(r), Inc. (Nasdaq:FDRY), a performance and total solutions leader for end-to-end switching and routing, today announced advanced stateful UDP-based Session Initiation Protocol (SIP) load balancing for Voice over IP (VoIP) solutions, role-based user management tool, and enhanced graphical user interface (GUI) for its award-winning modular- and chassis-based ServerIron(r) family of application delivery switches. A fully field-upgradeable software enhancement, TrafficWorks(tm) Release 10.2 (TW10.2), delivers added value to enterprises and service providers by integrating role-based management and SIP load balancing capabilities with integrated security features to maintain always-on services and enhanced network protection; organizations can effectively control application access, maintain greater network traffic visibility, and optimize business continuity within their application delivery infrastructure while reducing ongoing operational expenditures.
Wolverine Tube Inc.
Wolverine Tube, Inc. Announces Additional $4.49 Million Equity Investment by The Alpine Group
HUNTSVILLE, Ala., Jan. 28, 2008 (PRIME NEWSWIRE) -- Wolverine Tube, Inc. ("Wolverine") (OTCBB:WLVT) today announced that The Alpine Group, Inc. ("Alpine") has purchased 4,494 additional shares of Wolverine Series A Preferred Stock for an aggregate of $4.49 million. The Series A Preferred Stock is convertible into shares of Wolverine common stock at a conversion price of $1.10 per share and votes with the common on an as-converted basis on all matters. Alpine has made this investment pursuant to an option granted at the time of the $50 million initial investment made in Wolverine by Alpine and Plainfield Special Situations Master Fund Limited, on February 16, 2007. As a result of this investment, Alpine and its co-investors maintain a collective 55% ownership in Wolverine on a fully diluted, as converted basis.