latest news releases from the newsroom
Ocwen Financial Corp.
Ocwen Financial Corporation Announces First Quarter 2008 Financial Results
WEST PALM BEACH, Fla., May 8, 2008 (PRIME NEWSWIRE) -- Ocwen Financial Corporation ("Ocwen" or the "Company") (NYSE:OCN) today reported income from continuing operations of $6.1 million for the first quarter of 2008 as compared to $12.8 million for the first quarter of 2007. For the three months ended March 31, 2008, income from continuing operations before income taxes was $9.4 million as compared to $19.1 million a year ago. Income from continuing operations before income taxes for the three months ended March 31, 2008 reflects $16.3 million related to Ocwen Asset Management and $12.8 million related to Ocwen Solutions lines of service and net Corporate costs of $(19.7) million. Included in Corporate costs are $9.5 million of expenses related to the terminated "go private" transaction and $8.9 million in unrealized losses from the Company's holding of AAA-rated, government guaranteed, FFELP student loan-backed auction rate securities.
141 Capital, Inc.
Karen McFadden Joins 141 Capital, Inc.
CHICAGO, May 8, 2008 (PRIME NEWSWIRE) -- 141 Capital, Inc. (Pink Sheets:XXIS) announced that Karen McFadden has joined the Company as Director of Operations. In this newly created position, Ms. McFadden will be responsible for project management, technical oversight and quality assurance. Ms. McFadden will be utilizing her industry experience and project management skills to ensure that the products offered by 141 Capital, Inc. will be met with the highest of standards industry-wide.
Emulex 8Gb/s Fibre Channel HBAs Qualified for Use With EMC Networked Storage Systems
COSTA MESA, Calif., May 8, 2008 (PRIME NEWSWIRE) -- Emulex Corporation (NYSE:ELX) today announced that EMC Corporation has qualified the Emulex LightPulse(r) LPe12000 family of 8Gb/s Fibre Channel host bus adapters (HBAs) for the EMC(r) CLARiiON(r), EMC Celerra(r) and EMC Symmetrix(r) networked storage system families. Emulex 8Gb/s HBAs, which are available from EMC through EMC Select, provide customers with new performance, advanced virtualization and security features, while maintaining backward compatibility with existing 4Gb/s and 2Gb/s Fibre Channel products.
QLogic Executives to Present at 36th Annual JPMorgan Technology Conference
ALISO VIEJO, Calif., May 8, 2008 (PRIME NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leader in networking for storage and high performance computing (HPC), today announced that H.K. Desai, chief executive officer, and Simon Biddiscombe, senior vice president and chief financial officer, will present at the 36th Annual JPMorgan Technology Conference on Monday, May 19, 2008 in Boston at 2:20 p.m. Eastern Time. The conference will be held at the Westin Boston Waterfront.