latest news releases from the newsroom
QLogic Executives to Present at RBC Capital Markets North American Technology Conference
ALISO VIEJO, Calif., July 31, 2006 (PRIMEZONE) -- QLogic(r) Corp. (Nasdaq:QLGC), the leader in Fibre Channel host bus adapters (HBAs), stackable switches and blade server switches, today announced that H.K. Desai, CEO and president, and Tony Massetti, senior vice president and CFO, will present at the RBC Capital Markets North American Technology Conference on Wednesday, August 9 at 10:30 a.m. Pacific Time in San Francisco. The conference will be held at the Four Seasons Hotel.
Sun StorageTek 4Gb FC PCI Express ExpressModule From QLogic Now Shipping
ALISO VIEJO, Calif., July 31, 2006 (PRIMEZONE) -- QLogic(R) Corp. (Nasdaq:QLGC), the leader in Fibre Channel host bus adapters (HBAs), stackable switches and blade server switches, today announced the Sun StorageTek(tm) Enterprise Class 4Gb FC PCI Express ExpressModule HBA from QLogic is now shipping. The innovative new hot plug PCI Express HBA form factor can be added or removed without powering down the server or opening the server chassis. This allows Sun Microsystem's Sun Blade(tm) 8000 modular systems running the Solaris(tm) 10 Operating System (OS), Linux and Windows to deliver unprecedented up-time for enterprise servers in a storage network, as well as industry leading HBA performance of 300,000 I/Os per second.
Bank of Wilmington Corporation
Bank of Wilmington Corp. Reports Second Quarter 2006 Results
WILMINGTON, N.C., July 31, 2006 (PRIMEZONE) -- Bank of Wilmington Corporation (Nasdaq:BKWW) reported net income for the second quarter of 2006 of $497,000 compared with $383,000 for the second quarter of 2005, an increase of 29.8 percent. Diluted earnings per share were $0.13 compared with $0.10 for the prior-year second quarter, an increase of 30.0 percent. Performance reflects a continuation of strong loan growth and sound asset quality, tempered by recent expansion-related spending.
NetManage and VisionShare Sign Reseller Partnership
CUPERTINO, Calif. and MINNEAPOLIS, July 31, 2006 (PRIMEZONE) -- NetManage, Inc. (Nasdaq:NETM), a software company that provides solutions for integrating, Web enabling and accessing enterprise information systems, and VisionShare, the leading provider of Internet connectivity solutions for Medicare related healthcare transactions, today announced a strategic partnership that will provide customers with a comprehensive set of connectivity solutions for secure information exchange. Under the partnership, VisionShare will recommend the NetManage suite of products, including OnWeb(r), RUMBA(r) and Librados Adapters(tm), to support customers' mission-critical business integration requirements.
Hannover Re Uses CAT Bond to Protect Against European Windstorm Risks
HANNOVER, Germany, July 31, 2006 (PRIMEZONE) -- Hannover Re has for the first time used a traditional CAT bond in its array of risk management tools. Eurus Ltd. issued a CAT bond with a volume of USD 150 million. The bond, which has been purchased by institutional investors in Europe and North America, affords Hannover Re windstorm protection with immediate effect for a term of approximately three years, covering seven European countries (Belgium, Denmark, France, Germany, Ireland, Netherlands and the United Kingdom). "Through 'Eurus' we have been able to transfer one of our peak natural catastrophe exposures to the capital market while at the same time successfully enlarging our investor base", Chief Executive Officer Wilhelm Zeller emphasised. "Thanks to this transaction we have expanded and hence diversified still further our risk management with the addition of a new tool. At the same time we have succeeded in profitably protecting our capital resources." Hannover Re has already transferred natural catastrophe risks to the capital market on six previous occasions in the form of private placements. "'Eurus' is the first transaction where the bond certificates can also be traded on a secondary market," Mr. Zeller added. The bond, which has a parametric trigger structure, protects Hannover Re against windstorm events that attain a certain predefined wind speed. The bond was rated 'BB' by the rating agency Standard & Poor's.
StockGuru.com Announces Profile Coverage of Tasco Holdings International
DALLAS, July 31, 2006 (PRIMEZONE) -- John Pentony, Publisher of StockGuru.com, announced today that the web site has initiated Profile Coverage of Tasco Holdings International Inc. (OTCBB:THII). It is a development stage company that recently acquired Bio-Matrix Scientific Group, Inc. The Company is engaged in the cryogenic storage of stem cells and the development of medical devices used in live tissue transfer and stem cell research. Additionally, the Company has developed 192 disposable instruments for use in plastic surgery, tissue management and stem cell research. These instruments have been designed to harvest adult stem cells from adipose tissue. The company plans to commercialize these instruments to plastic surgeons and patients to help store stem cells derived from their adipose tissue (extracted primarily during the liposuction process).
Mass Connections Introduces Innovative 'Buzz Marketing' Technology
CERRITOS, Calif., July 31, 2006 (PRIMEZONE) -- Mass Connections(R), the nation's leader in retail marketing services, is once again setting the industry standard in marketing methodology. The company has created the first of its kind web-based communication medium -- "Staying-Connected" -- which directly links companies in any industry sector to Mass Connections' database of hundreds of thousands of shoppers. The result is internet product promotion to create a 'buzz' through word-of-mouth marketing -- touching millions of consumers nationwide.
Telenor Acquires Mobi 63 in Serbia
FORNEBU, Norway and BELGRADE, Serbia, July 31, 2006 (PRIMEZONE) -- Telenor has won the auction in Serbia for a 100 per cent share of mobile operator Mobi 63, one of two mobile operations in Serbia.