latest news releases from the newsroom
Hampton Roads Bankshares, Inc.
Hampton Roads Bankshares Announces Expanded ATM Network
NORFOLK, Va., Jan. 13, 2009 (GLOBE NEWSWIRE) -- Hampton Roads Bankshares, Inc. (Nasdaq:HMPR), the financial holding company for Bank of Hampton Roads, Gateway Bank & Trust Co. and Shore Bank, announced today that customers of each of its banks may use their ATM cards across the entire branch network without foreign use charges. Jack W. Gibson, the Vice Chairman and Chief Executive Officer of Hampton Roads Bankshares commented, "The more than 80 ATM locations that we can now offer our customers across our markets is one of the first of the many steps we are taking to offer our customers the broadest possible range of services and products and to continue to provide the best possible customer experience." Bank of Hampton Roads has ATM locations at each of its 18 branches in Chesapeake, Norfolk, Suffolk and Chesapeake, Virginia as well as Norfolk Scope and Chrysler Hall. Gateway Bank & Trust Co. has ATM locations at each of its 37 offices across North Carolina and Virginia as well as Green Gifford Chrysler Dodge Jeep on North Military Highway in Norfolk, Virginia. Shore Bank has ATM locations at each of its 8 branch locations, 6 Food Lion Stores and 8 Shore Stop Stores across the Eastern Shore of Maryland and Virginia as well as in both the Holiday Inn and Quality Inn in Ocean City, Maryland. A list of all ATM locations is available at any of the bank websites listed below.
Levi & Korsinsky, LLP
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of Advanced Medical Optics, Inc.
NEW YORK, Jan. 13, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP is investigating breaches of fiduciary duty and other violations of state law by the board of directors of Advanced Medical Optics, Inc. ("Advanced Medical" or the "Company") (NYSE:EYE) arising out of their attempt to sell the Company to Abbott Laboratories ("Abbott"). Under the terms of the agreement, shareholders of Advanced Medical will receive $22.00 cash for every share they hold of Advanced Medical, or $1.36 billion. The transaction appears to be unfair and undervalues the Company's shares given that Advanced Medical's shares traded as high as $23.31 per share as recently as September 2, 2008. Moreover, the present purported premium offer represents only a 2.5 multiplier from last year's sales, which is in line with multipliers on similar deals and therefore does not appear to represent any significant premium payable to Advanced Medical shareholders.
Maxim Integrated Products, Inc.
Maxim Schedules Conference Call for Second Quarter Financial Results
SUNNYVALE, Calif., Jan. 13, 2009 (GLOBE NEWSWIRE) -- Maxim Integrated Products, Inc. (Nasdaq:MXIM) will be releasing financial results for the second quarter of its 2009 fiscal year on Thursday, January 29, 2009. The results will be released over GlobeNewswire at approximately 1:00 PM (PDT), after the close of the market on that date and will be posted on Maxim's website at www.maxim-ic.com/Investor
TS2 Satellite Technologies
U.S. Army Adopts TS2 Satellite Technologies' BGAN Services
WARSAW, Poland, Jan. 13, 2009 (GLOBE NEWSWIRE) -- TS2 Satellite Technologies (http://www.ts2.pl/) has been awarded a contract to deliver mobile BGAN services for US Army soldiers stationed in Iraq (http://www.ts2.pl/en/Internet-in-Iraq-for-US-Army-Soldiers) and Afghanistan (http://www.ts2.pl/en/Internet-in-Afghanistan-for-US-Army-Soldiers).
Power Integrations, Inc.
Power Integrations to Announce Fourth-Quarter Results On February 4
SAN JOSE, Calif., Jan. 13, 2009 (GLOBE NEWSWIRE) -- Power Integrations (Nasdaq:POWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, will announce its fourth-quarter and full-year 2008 financial results on February 4, 2009. The company will issue its results after market hours and will conduct a conference call beginning at 1:30 pm Pacific time. Members of the investment community can join the call by dialing 1-877-604-9674 from within the United States or 1-719-325-4889 from outside the U.S. Live and archived audio webcasts of the conference call will be available on the investor-relations page of the company's website, http://investors.powerint.com.
G&K Services, Inc.
G&K Services Announces Webcast for Fiscal 2009 Second Quarter Results
MINNEAPOLIS, Jan. 13, 2009 (GLOBE NEWSWIRE) -- G&K Services, Inc. (Nasdaq:GKSR) will announce fiscal 2009 second quarter results on Tuesday, January 27, 2009 before the market opens and will host a conference call at 10:00 a.m. Central Time. The call will be webcast. To access the webcast, go to the Investor Relations section of the Company's website at www.gkservices.com. Click on the webcast icon and follow the instructions. A replay of the call will be available through February 26, 2009.
AudioCodes Announces Cost Reduction Steps
LOD, Israel, Jan. 13, 2009 (GLOBE NEWSWIRE) -- AudioCodes (Nasdaq:AUDC), a leading provider of Voice over IP (VoIP) technologies and Voice Network products, today announced that, effective January 15 2009, AudioCodes will implement a global wage reduction of 6% for all employees and 10% for management employees. This reduction in costs is in addition to the ongoing cost reduction programs adopted by AudioCodes' management.
Meade Instruments Corporation
Meade Instruments Announces Webcast of Q3 Fiscal 2009 Financial Results
IRVINE, Calif., Jan. 13, 2009 (GLOBE NEWSWIRE) -- Meade Instruments Corp. (Nasdaq:MEAD), today announced that it will release its third quarter of fiscal 2009 financial results after the market close on Thursday, January 15, 2009. Management will conduct a conference call with the investment community to discuss third quarter results on Thursday, January 15, 2009 at 5:00 p.m. Eastern Standard Time.