latest news releases from the newsroom
Jeffersonville Bancorp Announces Second Quarter Earnings, Declares Quarterly Dividend
JEFFERSONVILLE, N.Y., Aug. 13, 2008 (PRIME NEWSWIRE) -- Jeffersonville Bancorp, Inc. (Nasdaq:JFBC) announced today second quarter net income of $1,201,000 ($0.28 earnings per share) compared to $988,000 ($0.23 earnings per share) for the second quarter of 2007. Earnings for the first six months of 2008 were $2,255,000 ($0.53 per share) compared to $2,247,000 ($0.52 per share) in 2007. Earnings for the first six months of 2007 were positively impacted by a large recovery which resulted in a $370,000 credit for loan losses compared to a $40,000 provision in 2008.
Magma Design Automation
Beceem Uses Magma's RTL-To-GDSII and Sign-Off System to Tape Out 65-nm Mobile WiMAX Wave 2 Solution
SAN JOSE, Calif., Aug. 13, 2008 (PRIME NEWSWIRE) -- Magma(r) Design Automation Inc. (Nasdaq:LAVA), a provider of chip design software, today announced that Beceem Communications Inc., a leading provider of terminal chipsets for Mobile WiMAX, used Magma's integrated digital IC implementation and sign-off system to tape out a WiMAX Wave 2 solution on TSMC's 65-nanometer (nm) process. With Magma's system, Beceem was able to reduce the overall turnaround time significantly. Beceem used Magma's Quartz(tm) RC, Quartz Time and Quartz Rail sign-off software for timing, extraction and static IR analysis.