latest news releases from the newsroom
Emulex Introduces New FibreSpy 4 Gb/s Speed Agile Switch Boxes
COSTA MESA, Calif., Dec. 12, 2005 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX), the most trusted name in storage networking connectivity, today announced the general availability of its new line of FibreSpy(tm) Embedded Storage Switches that offer 4 Gb/s frame level switched performance and per-port speed agility. The new 4 Gb/s FibreSpy Model 850 and 870 switches are box-based, drop-in solutions, which are ideal for "root switch" and "fully-switched architecture" implementations and provide flexible storage system infrastructure for OEMs that want to enable tiered storage environments.
Beceem Communications Announces C-round Financing in Excess of $20 Million; Lead By Samsung Ventures
SANTA CLARA, Calif., Dec. 12, 2005 (PRIMEZONE) -- Beceem Communications (www.beceem.com), a leading provider of chipsets for Mobile WiMAX technology, today announced that it has received more than $20 million in C-round financing led by Samsung Ventures America, the U.S. based venture capital investment arm for Samsung Venture Investment Corporation (SVIC). Beceem's existing investors -Global Catalyst Partners, KTB Ventures, Sequoia Capital, Walden International and Vinod Khosla also participated in this financing round. Additional C-round investments came from the AmBex Venture Group and Mitsui Incubase Corp.
Nextcode Corporation Launches ConnexTo For Creating and Reading Barcodes For Camera Phones
CONCORD, Mass., Dec. 12, 2005 (PRIMEZONE) -- Nextcode Corporation (www.nextcodecorp.com), a leader in optical barcode solutions for camera phones, today announced the launching of ConnexTo(tm). ConnexTo allows camera phone users to create and read 2D barcodes that open a broad range of mobile services. ConnexTo allows consumers to do much more with their phones by removing the need to key in information or navigate through menus. ConnexTo provides codes for WAP addresses, SMS messages, contact information, and auto-dial phone numbers.
CDMA Development Group
First 3G Phones Certified by the CDMA Certification Forum
COSTA MESA, Calif. and SAN DIEGO, Dec. 12, 2005 (PRIMEZONE) -- The CDMA Development Group (CDG) (www.cdg.org) and Axesstel (AMEX:AFT) (www.axesstel.com) today announced that the CDMA Certification Forum (CCF) (www.globalccf.org) has certified two CDMA2000(r) 1X phones for commercial availability -- Axesstel L800 and P830 Fixed Wireless Desktop Phones.
SpaceDev Announces Microsatellite Bus and Launch Package
POWAY, Calif., Dec. 12, 2005 (PRIMEZONE) -- SpaceDev (OTCBB:SPDV) has made commercial launches of microsatellites and nanosatellites available for less than $20 million in less than 20 months with the introduction of the SpaceDev Mission Xcelerator(tm) Solution Program.
Crew Gold Corporation
Crew Gold Corporation Offer for Guinor Gold Corporation Successful
LONDON, Dec. 12, 2005 (PRIMEZONE) -- Crew Crew Gold Corporation ("Crew") (TSE:CRU) (OSE:CRU) (Frankfurt:KNC) (Other OTC:CRUGF) and Guinor Gold Corporation (TSX:GNR) announced that the conditions of Crew Acquisition Corp.'s offer to acquire all of the issued and outstanding common shares of Guinor have been complied with or waived. The offer to acquire Guinor's common shares for cash consideration of C$1.50 per share was made by Crew Acquisition Corp., a wholly owned subsidiary of Crew, pursuant to a take-over bid circular dated November 1, 2005.
Crew Gold Corporation
Crew Gold Corp.: Notification of Trade
LONDON, Dec. 12, 2005 (PRIMEZONE) -- Crew Gold Corporation ("Crew") (TSE:CRU) (OSE:CRU) (Frankfurt:KNC) (Other OTC:CRUGF): On December 9, 2005, Mr. Hans Christian Qvist bought 700.000 shares in Crew at NOK 10,12 by way of the fulfillment of a previously announced forward contract, sold 700.000 shares in Crew at NOK 9,10 and bought 700.000 shares in Crew at 9,2046 by way of a new forward contract with maturity March 14, 2006.
Barnwell Industries, Inc.
Barnwell Industries, Inc. Reports Year-End Results and a Cash Dividend
HONOLULU, Dec. 12, 2005 (PRIMEZONE) -- Barnwell Industries, Inc. (AMEX:BRN) today reported net earnings of $1,803,000 ($0.21 per share - diluted, split-adjusted) for the quarter ended September 30, 2005, as compared to net earnings of $870,000 ($0.10 per share - diluted, split-adjusted) for the quarter ended September 30, 2004. For the year ended September 30, 2005, Barnwell reported net earnings of $6,027,000 ($0.70 per share - diluted, split-adjusted), as compared to net earnings of $8,710,000 ($1.03 per share -- diluted, split-adjusted) for the year ended September 30, 2004.