latest news releases from the newsroom
Himax Technologies, Inc.
Himax Announces Revised Fourth Quarter and Full Year of 2008 Results
TAINAN, Taiwan, May 15, 2009 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq:HIMX) (the "Company") filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2008 (the "2008 Form 20-F"). The 2008 Form 20-F provided updates to the Company's consolidated results of operations for the year ended December 31, 2008 that was previously announced in the Company's press release dated February 18, 2009 (the "Unaudited Results"). The updates are primarily to reflect a full allowance for doubtful accounts of $25.3 million related to Himax's accounts receivable from SVA-NEC Liquid Crystal Display Co., Ltd. ("SVA-NEC") as of December 31, 2008 and its associated tax benefit of $7.9 million, among other necessary adjustments such as an increase in RSU forfeiture rate estimates, in the fourth quarter of 2008.
Emulex Board of Directors Unanimously Rejects Broadcom's $9.25 Per Share Tender Offer and Opposes Broadcom's Consent Solicitation
COSTA MESA, Calif., May 15, 2009 (GLOBE NEWSWIRE) -- Emulex Corporation (NYSE:ELX) today announced that its Board of Directors unanimously recommends that Emulex stockholders reject the Broadcom Corporation (Nasdaq:BRCM) $9.25 per share cash tender offer and related consent solicitation. After a thorough review with its financial and legal advisors, the Board determined that the tender offer significantly undervalues Emulex's long-term prospects and is grossly inadequate, and that the offer and related Broadcom consent solicitation are not in the best interest of Emulex stockholders. The Board therefore unanimously recommends that Emulex stockholders not tender their shares into the offer or sign any gold consent cards received from Broadcom.
Perf Go Green
Perf Go Green Holdings, Inc. Issues Business Update
NEW YORK, May 15, 2009 (GLOBE NEWSWIRE) -- Perf Go Green Holdings, Inc. (OTCBB:PGOG) (www.perfgogreen.com), the leader in biodegradable plastic products and everyday green solutions, completed their first year of business March 31, 2009 and have experienced credible growth and new brand awareness. First quarter of 2009 opened with the Retailers' Choice Award from the National Hardware Show. Consumers, Retailers and Corporate America are embracing Perf Go Green. Green is no longer a marginalized issue in the United States.