latest news releases from the newsroom
Infortrend Qualifies Seagate's 750GB SATA Hard Drive for Use in EonStor RAID Storage Subsystems
SANTA CLARA, Calif., Aug. 29, 2006 (PRIMEZONE) -- RAID storage expert Infortrend(r) today announced that Seagate Technology's 750GB Barracuda ES Serial ATA (SATA) hard disk drive has successfully completed compatibility testing with Infortrend EonStor(r) SATA RAID subsystems including 4-, 8-, 12-, 16-, and 24-bay models. The 750GB Barracuda ES is the industry's highest capacity drive, thereby allowing a RAID subsystem to support 50 percent more capacity compared to using the same number of 500GB drives. Optimized for reliability and power savings for storage-hungry applications, the Barracuda ES maximizes scalability in Infortrend's dynamic, high capacity RAID systems and is ideal for low cost-per-GB storage solutions for digital media files or in data protection schemes such as disk-to-disk and snapshot.
Advanced Control Systems
NSTAR Selects Advanced Control Systems for Substation Upgrade Program
ATLANTA, Aug. 29, 2006 (PRIMEZONE) -- Advanced Control Systems (ACS) announced today that it has been contracted by Boston-based electric and gas utility NSTAR to support an ongoing, multi-year substation automation upgrade program. NSTAR has been installing ACS substation managers for more than a year as part of a comprehensive initiative to improve service levels and reliability for its customers.
Fast-Growing Private Companies Hint at Changing Business Climate
NEW YORK, Aug. 29, 2006 (PRIMEZONE) -- CEOs of the nation's fastest-growing private companies may be signaling a change in the business climate. They are increasingly concerned about weak market demand, runaway energy costs, and escalating interest rates. And their optimism about the economy is fading. They have lowered their revenue growth targets, and turned more cautious in their hiring and investment plans. Gross margins remain a bright spot, however.
OTC Stock Review Issues a Report on New Century Companies, Inc.
ATLANTA, Aug. 29, 2006 (PRIMEZONE) -- OTC Stock Review announces that it has initiated coverage of New Century Companies, Inc. (OTCBB:NCNC). New Century Companies, Inc., headquartered in Santa Fe Springs, CA, is one of the leading U.S.-based makers of machine tools, primarily vertical boring mills and large lathes such as vertical turning centers. It also assembles sound-wall modules made from Quilite(r), a lightweight, graffiti resistant alternative to concrete. Quilite is used in freeway noise walls and other sound-absorbing structures like barriers at sports stadiums and electric transformers.
First Horizon National Corporation
First Horizon Highlights Recent Impacts on Mortgage Banking
MEMPHIS, Tenn., Aug. 29, 2006 (PRIMEZONE) -- First Horizon National Corporation (First Horizon) (NYSE:FHN) announced today that it expects mortgage banking earnings to be unfavorably impacted this quarter by two unrelated events. The further deterioration in the current mortgage environment is expected to reduce pre-tax operating earnings by approximately $35 million as compared to the second quarter, and the settlement of a class action lawsuit is anticipated to create an estimated $21 million pre-tax accrual.