latest news releases from the newsroom
Foundry Networks, Inc.
Foundry Demonstrates LLDP Standard for Simplifying Enterprise VoIP
LAS VEGAS, May 22, 2007 (PRIME NEWSWIRE) -- Foundry Networks(r), Inc. (Nasdaq:FDRY), a performance and total solutions leader for end-to-end switching and routing, will demonstrate the IEEE 802.1AB Link Layer Discovery Protocol (LLDP) and the associated ANSI/TIA extension, Link Layer Discovery Protocol-Media Endpoint Discovery (LLDP-MED), on its FastIron(r) X series switches. LLDP and LLDP-MED are important LAN standards helping to accelerate open convergence, enabling organizations to build best-of-breed, multi-vendor networks without single vendor lock-in.
Fieldturf Tarkett Continues Its Expansion With the Acquisition of Defargo
MONTREAL, May 22, 2007 (PRIME NEWSWIRE) -- FieldTurf Tarkett, the worldwide leader in sports surfacing systems, has acquired Defargo in an important strategic acquisition, it was announced today by FieldTurf Tarkett CEO John Gilman and Defargo President Sylvain Leclair. With the acquisition of Defargo's turf and track business, the revenue of FieldTurf Tarkett's sports flooring business will now exceed US $350 million.
Sun American Bancorp
Sun American Bancorp Announces Reverse Stock Split
BOCA RATON, Fla., May 22, 2007 (PRIME NEWSWIRE) -- As previously announced, Sun American Bancorp's Board of Directors has authorized a 1-for-2.5 reverse stock split of its common stock. The stock split will be effective with respect to stockholders of record at the opening of trading on the Nasdaq Global Market on May 23, 2007. The reverse stock split will reduce the number of outstanding shares of the Company's common stock to approximately 10,933,230 shares.