latest news releases from the newsroom
Ocwen Financial Corp.
Ocwen Financial Corporation Announces Fourth Quarter and 2007 Financial Results
WEST PALM BEACH, Fla., Feb. 12, 2008 (PRIME NEWSWIRE) -- Ocwen Financial Corporation ("Ocwen" or the "Company") (NYSE:OCN) today reported a pre-tax loss from continuing operations of $13.1 million for the fourth quarter of 2007 as compared to pre-tax income from continuing operations of $15.7 million for the fourth quarter of 2006. For the year ended December 31, 2007, pre-tax income from continuing operations was $58.4 million, compared to $82.2 million a year ago. Net loss for the fourth quarter of 2007 was $6.9 million or $.11 per share, compared to net income of $13.9 million or $.20 per share for the fourth quarter of 2006. Net income for the year ended December 31, 2007 was $38.6 million, or $.58 per share. For the year ended December 31, 2006, net income, which included a tax benefit of $126.4 million primarily related to the reversal of $145.2 million of deferred tax asset valuation allowances, was $206.5 million or $2.91 per share.
QLogic is Fibre Channel HBA Market Share Leader for Fourth Consecutive Year, Widening Overall Share Lead in 2007
ALISO VIEJO, Calif., Feb. 12, 2008 (PRIME NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leader in networking for storage and high performance computing (HPC), today announced that QLogic ranked number one in overall Fibre Channel host bus adapter (HBA) market share for the fourth consecutive year, widening its overall market lead, according to the Dell'Oro Group Q4 2007 SAN Report. In the last calendar quarter 2007, Dell'Oro reports that QLogic achieved all-time highs of 49.9 percent revenue market share and 52.4 percent port market share and for 2007, set an industry record by shipping more than 1.4 million ports in one year. On a sequential quarter basis, QLogic gained 1.5 share points in overall HBA revenue market share and set an industry record by shipping more than 400,000 Fibre Channel ports in one quarter.
Fibre Channel Industry Association
FCIA Announces Milestone in New Fibre Channel over Ethernet (FCoE) Technology Standard
AUSTIN, Texas, Feb. 12, 2008 (PRIME NEWSWIRE) -- The Fibre Channel Industry Association (FCIA) today announced that the T11 Technical Committee adopted a common addressing structure for the Fibre Channel over Ethernet (FCoE) standard. FCoE enables SAN traffic to be natively transported over Ethernet networks, while protecting and extending the investment that customers have made in Fibre Channel storage networks. A common addressing structure allows products to be built by the industry to a single standard. This new feature is supported by the following Fibre Channel Industry Association (FCIA) members: Amphenol Corporation, Broadcom, Brocade, Cisco Systems, Corning Cable Systems, EMC, Emulex Corporation, Finisar Corporation, Hitachi Data Systems, Hewlett Packard, IBM, Intel Corporation, LSI, Mellanox Technologies, NetApp, Nuova Systems, PMC-Sierra, QLogic Corporation and TrueFocus, Inc.