latest news releases from the newsroom
Delisting of Securities of Delphax Technologies Inc. From the NASDAQ Stock Market
NEW YORK, May 27, 2008 (PRIME NEWSWIRE) -- The NASDAQ Stock Market announced today that it will delist the common stock of Delphax Technologies Inc. Delphax Technologies Inc.'s stock was suspended on May 8, 2008 and has not traded on NASDAQ since that time. NASDAQ will file a Form 25 with the Securities and Exchange Commission to complete the delisting. The delisting becomes effective ten days after the Form 25 is filed. For news and additional information about the company, including the basis for the delisting and whether the company's securities are trading on another venue, please review the company's public filings or contact the company directly.
STRATTEC SECURITY CORPORATION
STRATTEC SECURITY CORPORATION Announces Acquisition
MILWAUKEE, May 27, 2008 (PRIME NEWSWIRE) -- STRATTEC SECURITY CORPORATION (Nasdaq:STRT), in combination with WITTE Automotive of Velbert, Germany, and Vehicle Access Systems Technology LLC (VAST), a joint venture between STRATTEC, WITTE and ADAC Automotive of Grand Rapids, Michigan, has reached a definitive agreement to acquire certain assets, primarily equipment and inventory, and assume certain employee liabilities of Delphi Corporation's Power Products business for $7.8 million, subject to closing adjustments. STRATTEC will acquire the North American portion of Delphi's Power Products business. WITTE will acquire the European portion, and VAST LLC will acquire the Asian portion. The transaction is subject to both customary and other closing conditions relating to Delphi's bankruptcy court proceedings. STRATTEC expects to complete the acquisition before the end of calendar 2008.
Cree Demonstrates New XLamp MC-E LED
DURHAM, N.C., May 27, 2008 (PRIME NEWSWIRE) -- Cree, Inc. (Nasdaq:CREE), a market leader in LED lighting, announces that it is demonstrating the newest addition to its industry-leading XLamp(r) LED family -- the XLamp MC-E LED -- at LIGHTFAIR International in Las Vegas, N.V., May 28-30, 2008.
NetManage and HiT Software Partner to Make Sense Out of Legacy Data
CUPERTINO and SAN JOSE, Calif., May 27, 2008 (PRIME NEWSWIRE) -- NetManage, Inc. (Nasdaq:NETM), a software company that provides the fastest way to transform legacy applications into new Web-based business solutions, and HiT Software Inc., an established player in the data integration and access (DIA) market, today announced a joint partnership to help legacy users easily create structure from unstructured legacy data. This global partnership will open up joint revenue opportunities across North America, Europe and Asia.
Transocean Inc. to Participate in the RBC Capital Markets Energy Conference
HOUSTON, May 27, 2008 (PRIME NEWSWIRE) -- Transocean Inc. (NYSE:RIG) today announced that Gregory L. Cauthen, Senior Vice President and Chief Financial Officer of the company, will participate in a panel discussion at the 2008 RBC Capital Markets Energy Conference in New York, NY. The topic of the discussion is deepwater, and the event is scheduled for Tuesday, June 3, 2008, at 10:50 a.m. ET.