latest news releases from the newsroom
Aastrom Biosciences, Inc.
Aastrom Biosciences Adjourns Special Meeting Until May 6, 2008; Board Urges Shareholders to Vote for the Proposal Considered Critical to the Future of the Company
ANN ARBOR, Mich., April 8, 2008 (PRIME NEWSWIRE) -- Aastrom Biosciences, Inc. (Nasdaq:ASTM), a leading regenerative medicine company, today announced that the Company's Special Meeting of Shareholders was adjourned and will reconvene on Tuesday, May 6, 2008 at 9:00am (EDT), at Aastrom's office, 24 Frank Lloyd Wright Drive, Lobby K, Ann Arbor, MI 48105. The purpose of the meeting was to consider a proposal to authorize the Company's Board of Directors to effect a reverse stock split. Aastrom reported that a quorum was present at the meeting and that the reverse stock split proposal received FOR votes in excess of 58% of the outstanding shares; however, the Company had not yet achieved the two-thirds (66-2/3%) vote required by the Company's charter for the proposal. Aastrom's Board of Directors considers this proposal, which is intended to assure the preservation of the Company's Nasdaq Capital Market listing, critical to the future of the Company. Therefore, the Board determined it was essential to provide additional time to continue to obtain greater shareholder turnout and achieve the necessary two-thirds vote for this proposal.
Emulex Announces LP21000 Family of Converged Network Adapters Supporting Fibre Channel Over Ethernet
ORLANDO, Fla., April 8, 2008 (PRIME NEWSWIRE) -- Storage Networking World -- Emulex Corporation (NYSE:ELX) today introduced its LightPulse(r) LP21000 family of converged network adapters (CNAs), which enable both network and storage traffic to be combined onto a single Unified Fabric. Utilizing a 10Gb/s Enhanced Ethernet network, Emulex's LP21000 family is designed to support the Fibre Channel over Ethernet (FCoE) protocol that converges Ethernet-based LAN and Fibre Channel-based SAN connectivity. Available this quarter, Emulex's family of LP21000 CNAs enable reduced data center complexity, management costs and power consumption.
QLogic Introduces New Line of Converged Network Adapters
ORLANDO, Fla., April 8, 2008 (PRIME NEWSWIRE) -- Storage Networking World -- QLogic Corp. (Nasdaq:QLGC), a leader in networking for storage and high performance computing (HPC), today introduced the QLogic(r) 8000 Series of converged network adapters (CNAs) that support both data and storage networking using a single adapter. Enhanced Ethernet along with Fibre Channel over Ethernet (FCoE) offer the promise of a unified fabric in the data center. Powerful QLogic 8000 Series CNAs make FCoE easy to deploy for data center administrators with the same Fibre Channel operational model, the same QLogic drivers and the same QLogic management tools already in use with their Fibre Channel SANs. The company also announced support for the Cisco Nexus 5000 Series. The new FCoE products from QLogic help to consolidate data and storage networks with blazing 10GbE performance, reduced cabling, and reduced power and cooling.
Occidental Petroleum Corp.
Occidental to Hold Earnings Conference Call
LOS ANGELES, April 8, 2008 (PRIME NEWSWIRE) -- Occidental Petroleum Corporation (NYSE:OXY) will hold a conference call on Thursday, April 24, 2008, following the release of its first quarter 2008 financial results. The conference call, which will begin at 11:30 a.m. Eastern, may be accessed by calling 800-473-6123. The conference call also can be heard live on the company's website, www.oxy.com.