Eastlink is marketing its new Wireless service in Halifax, Nova Scotia first, starting Friday, February 15

Eastlink puts the customer first with new Wireless service Big Savings in a Bundle + No Term Contracts, over Canada?s first and only 100% 4G LTE network

Nova Scotia - Today, Eastlink served up another first introducing its new, customer-focused Wireless service delivered over the first and only 100% 4G LTE network in Canada.

“We are so proud of this new service,” says Lee Bragg, CEO of Eastlink. “Our objective has been to launch a high quality product that provides an exceptional customer experience. Our team has worked tirelessly to deliver on that." 

With an investment of circa 200 million dollars, Eastlink’s new wireless service adds another high value product to its iconic bundle.

“Consumers have been very vocal about what they want in a wireless service," says Matthew MacLellan, Eastlink Wireless President. “We’ve invested heavily to design a wireless experience that gives our customers what they’ve told us is most important to them – simple offers, better pricing, no term contracts, and faster, more reliable speeds.”

Pivotal to Eastlink’s new Wireless service is the Eastlink “easyTab”, which gives customers a great phone at a great price, without locking them into onerous term contracts like other carriers.

From a network coverage perspective, customers will be able to use their Eastlink wireless device around the world; the company already boasts more 4G LTE wireless sites across its launch footprint than any of its competitors.

When asked what that means for the customer, Mr. MacLellan explains.“It means that unlike our competitors’ legacy networks, customers in all of our markets, big and small, will experience the same lightning fast speed. So a customer in Amherst for example, will enjoy the same speeds and capabilities as a customer in Halifax.”

Eastlink is marketing its new Wireless service in Halifax, Nova Scotia first, starting Friday, February 15. Other locations are expected to launch in the weeks ahead.

The Eastlink Wireless Difference

The most extensive LTE coverage in the Maritimes

• First and only provider in Canada to offer lightning fast 4G LTE across the entire network. 

• Built locally, using state-of-the-art network equipment from Ericsson, the world’s largest and most innovative mobile communications supplier.

• Coverage in 230 countries around the world on our roaming partner networks.

The latest Smartphones with No Term Contracts

• Eastlink easyTab offers low upfront device pricing with no term contracts. Plus, the flexibility to upgrade at any time and earn credit towards the customer’s next device.

• Devices from top-selling Smartphone brands including Samsung, LG, Sony and BlackBerry.

• The world’s most popular Android Smartphone, Samsung Galaxy S III.

• First in Atlantic Canada to launch the latest Smartphone from Google - the Nexus 4.

Big Savings in a Bundle

• The more customers have, the more customers save…

• Save 20% off a monthly Wireless plan in a Quad-play Bundle, for each phone in a customer’s household

• Families can share minutes and data

Simple plans. Loaded with Value

• Plans start at $20/mo in a Bundle with No Activation Fees, Unlimited Text and Call Display included.

• Best value Unlimited Talk & Text plan - available for as little as $30 per month.  

• Flexible data options, with 1 GB of data from only $16 per month.

Proudly local

• We know our customers best; because we live & work here too.

• Local Customer Care, with a proven record of outstanding customer service.

About Eastlink 

With more than 1,600 employees from coast to coast, Eastlink delivers world-class video entertainment, internet and telephone services to residential, business and public-sector customers across Canada.

Powered by a state-of-the-art fibre optic network, Eastlink’s advanced services include Whole Home DVR, Video OnDemand, HD and 3D programming, High Speed Internet scalable to 200 Mbps, competitive local and long distance telephone services, and exclusive locally-produced programming via Eastlink TV. Eastlink has been recognized as one of Canada’s 50 Best managed Companies for six years running.

Media Contact: 
Jill Laing, Public and Media Relations 
Eastlink 
Phone: (902) 446-1939 
email: jill.laing@corp.Eastlink.ca





































































VersaPay Corporation Enters Into Referral Partnership with Bluefin Payment Systems for Electronic Money Transfer (EMT) in Canada

VersaPay Corporation Enters Into Referral Partnership with Bluefin Payment Systems for Electronic Money Transfer (EMT) in Canada
VersaPay Corporation  

VersaPay Corporation Enters Into Referral Partnership with Bluefin Payment Systems for Electronic Money Transfer (EMT) in Canada


VersaPay's EMT platform enables Bluefin merchants to deposit funds from any bank account in Canada.

February 13, 2013--TORONTO, ON--VersaPay Corporation (TSXV: VPY) ("VersaPay" or the "Company"), a leading cloud based electronic money transfer (EMT) provider announced today a strategic partnership with Bluefin Payment Systems.

"We are very pleased to have Bluefin join our growing list of strategic partners," said Bill McGill, CEO of VersaPay. "We look forward to working with Bluefin to offer their 15,000 merchants a comprehensive payment solution in the Canadian market that wasn't previously available to them."

VersaPay's proprietary Electronic Money Transfer (EMT) platform allows businesses to move money from any bank account in Canada with a click. Businesses writing checks or using wire transfers can complete bulk transactions from their financial software or manually enter one-time transactions with VersaPay's secure payment processing solutions.

"This partnership is directly in line with our products and features we currently offer our Bluefin customers", said John M. Perry, CEO of Bluefin Payments Systems. "VersaPay's proprietary EMT platforms will allow our Canadian customers who collect payments by checks and wire transfers to automate the process, saving them both time and money."

Bluefin customers wanting to utilize EMT in Canada will now be able to integrate directly with their financial systems and move money without having to write a check. Business can accept one-time or recurring EMT payments directly from their customers' bank accounts. They will be able to automate recurring billing, bill payments and payroll, increasing profits and saving time as well as ensuring that funds are deposited quicker and in a more secure manner.

About VersaPay

VersaPay is a financial technology company that delivers payment solutions for businesses. VersaPay, together with its partners, provides the hardware, technology, infrastructure and support services to enable businesses of all types to accept and process electronic payments. In addition, the Company's proprietary electronic invoice presentment and payment platform facilitates the efficient exchange of documents and payments between suppliers and customers. VersaPay has operations in Toronto, Montreal and Long Island, NY. More information about VersaPay can be found at www.versapay.com

About Bluefin Payment Systems

Bluefin Payment Systems specializes in providing secure payment gateway solutions to over 15,000 U.S. and Canadian merchants. The company provides debit/credit card acceptance, ACH processing, recurring billing and more, all backed by secure solutions including point-to-point encryption (P2PE) for POS transactions, transparent redirection, hosted pay page, store and convert processes and PCI consulting for large companies. Bluefin serves major E-commerce merchants, and partners with leading Independent Software Vendors (ISVs) and SaaS providers in a variety of industries to bundle payment processing with their software offerings, enhancing product value and increasing customer satisfaction. Bluefin Payment Systems is headquartered in Atlanta, GA, with offices in New York, Chicago and Tulsa.

For additional information please contact:

Bill McGill

CEO, VersaPay Corporation

Bill.mcgill@versapay.com 1-647-258-9378

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Apple Updates Processors & Prices of MacBook Pro with Retina Display

Apple Updates Processors & Prices of MacBook Pro with Retina Display

CUPERTINO, California—February 13, 2013—Apple® is making the MacBook Pro® with Retina® display faster and more affordable with updated processors and lower starting prices. The 13-inch MacBook Pro with Retina display now starts at $1,499 for 128GB of flash, and $1,699 for a new 2.6 GHz processor and 256GB of flash. The 15-inch MacBook Pro with Retina display now features a faster 2.4 GHz quad-core processor, and the top-of-the-line 15-inch notebook comes with a new 2.7 GHz quad-core processor and 16GB of memory. Apple today also announced that the 13-inch MacBook Air® with 256GB of flash has a new lower price of $1,399.

The MacBook Pro with Retina display features the world’s highest resolution notebook display. Whether you’re reading emails, writing text, editing home movies in HD or retouching professional photography, everything appears vibrant, detailed and sharp, delivering an unrivaled viewing experience. The MacBook Pro with Retina display features flash storage that is up to four times faster than traditional notebook hard drives, and delivers improved reliability, instant-on responsiveness and up to 30 days of standby time. 

Pricing & Availability
The updated MacBook Pro with Retina display and MacBook Air models are available today through the Apple Online Store (www.apple.com), Apple’s retail stores and Apple Authorized Resellers. Pricing details, technical specifications, configure-to-order options and accessories are available online at www.apple.com/macbook-pro andwww.apple.com/macbookair.

Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.

Press Contacts:
Colin Smith
Apple
colins@apple.com
(408) 862-1171

Jacqueline Roy
Apple
jacqueline_roy@apple.com
(408) 862-4386 

Gartner Says Worldwide Mobile Phone Sales Declined 1.7 Percent in 2012

Egham, UK, FebruJanuary 13, 2013 

Gartner Says Worldwide Mobile Phone Sales Declined 1.7 Percent in 2012

Huawei Reached No. 3 Spot in Worldwide Smartphone Sales Ranking

Apple and Samsung Increased Share to Control 52 Percent of Worldwide Smartphone Sales

Worldwide mobile phone sales to end users totaled 1.75 billion units in 2012, a 1.7 percent decline from 2011 sales, according to Gartner, Inc. Smartphones continued to drive overall mobile phone sales, and the fourth quarter of 2012 saw record smartphone sales of 207.7 million units, up 38.3 percent from the same period last year. 

“The last time the worldwide mobile phone market declined was in 2009,” said Anshul Gupta, principal research analyst at Gartner. “Tough economic conditions, shifting consumer preferences and intense market competition weakened the worldwide mobile phone market this year.” 

Demand for feature phones remained weak in 2012 and in the fourth quarter. Feature phone sales totaled 264.4 million units in the fourth quarter of 2012, down 19.3 percent year-on-year. Gartner analysts expect feature phones sales to continue to fall in 2013. Gartner predicts that sales of worldwide smartphone sales to end users will be close to 1 billion units in 2013, and overall mobile phone sales to end users are estimated to reach 1.9 billion units. 

In the fourth quarter of 2012, Apple and Samsung together raised their worldwide smartphone market share to 52 percent from 46.4 percent in the third quarter of 2012. Samsung ended the year in the No. 1 position, in both worldwide smartphone sales and overall mobile phone sales. 

“There is no manufacturer that can firmly lay claim to the No. 3 spot in global smartphone sales,” said Mr. Gupta. “The success of Apple and Samsung is based on the strength of their brands as much as their actual products. Their direct competitors, including those with comparable products, struggle to achieve the same brand appreciation among consumers, who, in a tough economic environment, go for cheaper products over brand.” 

Huawei had a good fourth quarter, which helped it reach the No. 3 position among smartphone vendors for the first time. In 2012, Huawei sold 27.2 million smartphones to end users, up 73.8 percent from 2011. Both, the Ascend D2 and Mate announced at this year’s Computer Electronics Show (CES) aim to grow the company’s brand perception as a premium product and increase its mobile phone margins. Gartner analysts said international markets are key for Huawei’s growth in 2013, as well as being able to improve its product mix to a higher tier. 

In the fourth quarter of 2012, Samsung’s overall smartphone sales continued to accelerate totaling 64.5 million units, up 85.3 percent from the fourth quarter of 2011. In 2012, Samsung totaled 384.6 million mobile phones sales, of which 53.5 percent (up from 28 percent in 2011) were smartphone sales. 

Samsung's resources and ability to build a broad market reach is an advantage that no other competitor can easily match. However, the competition will intensify in 2013 as players such as Sony and Nokia improve. “With Samsung commanding over 42.5 percent of the Android market globally, and the next vendor at just 6 percent share, the Android brand is being overshadowed by Samsung's brand with the Galaxy name nearly a synonym for Android phones in consumers' mind share,” said Mr. Gupta. 

Apple’s sales reached 43.5 million units in the fourth quarter of 2012, up 22.6 percent year-on-year. In 2012, Apple totaled 130 million smartphone sales worldwide. While the demand for iPhones in the fourth quarter remained strong, consumers’ demand favored the less expensive iPhone 4 and 4S models. The arrival of the iPad Mini also created a dilemma for some users when deciding if to upgrade an iPhone 4 or iPhone 4S to an iPhone 5, or buy the new tablet. 

In the fourth quarter of 2012, Nokia’s handset sales improved from a good response to its Asha mobile phones and the launch of the latest Lumia Windows Phone 8 models. It was not sufficient to stop Nokia to lose further market share, totaling 18 percent, the lowest it has ever been. In 2012, Nokia reached 39.3 million smartphone sales worldwide, down 53.6 percent from 2011. Analysts said that aside from the continued focus on Lumia, Nokia needs to build on momentum around Asha in 2013 by adding devices and apps to further enhance its overall value proposition and, in doing so, moving up the price point slightly to achieve better margins breaching the gap left by Symbian. 

Table 1

Worldwide Mobile Phone Sales to End Users by Vendor in 4Q12 (Thousands of Units)

Company

4Q12

Units

4Q12 Market Share (%)

4Q11

Units

4Q11 Market Share (%)

Samsung

106,957.7

22.7

93,830.3

19.6

Nokia

85,054.8

18.0

111,699.4

23.4

Apple

43,457.4

9.2

35,456.0

7.4

ZTE

16,160.6

3.4

18,915.1

4.0

LG Electronics

14,981.3

3.2

16,938.3

3.5

Huawei Technologies

13,679.1

2.9

13,966.1

2.9

TCL Communication

11,097.6

2.4

10,695.3

2.2

Lenovo

8,305.4

1.8

5,206.3

1.1

Sony Mobile Communications

7,946.6

1.7

8,935.7

1.9

Motorola

7,822.2

1.7

10,075.3

2.1

Others

156,613.7

33.2

151,985.1

31.8

Total

472,076.4

100.0

477,703.0

100.0

         

Source: Gartner (February 2013)

Table 2

Worldwide Mobile Phone Sales to End Users by Vendor in 2012 (Thousands of Units)

Company

2012

Units

2012 Market Share (%)

2011

Units

2011 Market Share (%)

Samsung

384,631.2

22.0

315,052.2

17.7

Nokia

333,938.0

19.1

422,478.3

23.8

Apple

130,133.2

7.5

89,263.2

5.0

ZTE

67,344.4

3.9

56,881.8

3.2

LG Electronics

58,015.9

3.3

86,370.9

4.9

Huawei Technologies

47,288.3

2.7

Cisco Reports Second Quarter Earnings

Cisco Reports Second Quarter Earnings

SAN JOSE, CA - February 13, 2013 - Cisco (NASDAQ: CSCO)

  • Q2 Net Sales: $12.1 billion (increase of 5% year over year)
  • Q2 Earnings per Share: $0.59 GAAP (includes tax benefits of $0.17); $0.51 non-GAAP (includes a tax benefit of $0.01)

Cisco, the worldwide leader in networking that transforms how people connect, communicate and collaborate, today reported its second quarter results for the period ended January 26, 2013. Cisco reported second quarter net sales of $12.1 billion, net income on a generally accepted accounting principles (GAAP) basis of $3.1 billion or $0.59 per share, and non-GAAP net income of $2.7 billion or $0.51 per share. 

GAAP net income and GAAP earnings per share for the second quarter of fiscal 2013 included total tax benefits of approximately $926 million or $0.17 per share, related to a tax settlement with the Internal Revenue Service and related to the reinstatement of the U.S. federal research and development (R&D) tax credit on January 2, 2013. Non-GAAP net income and non-GAAP earnings per share for the second quarter of fiscal 2013 included a tax benefit of approximately $60 million or $0.01 per share as a result of the reinstatement of the U.S. federal R&D tax credit on January 2, 2013.

"Cisco delivered record earnings per share this quarter and record revenue for the 8th quarter in a row in a challenging economic environment. We continue to drive the innovation, quality and leadership our customers expect, and we remain focused on consistent returns to our shareholders," said John Chambers, Cisco chairman and chief executive officer.

"In terms of the future, we are making solid progress towards our goal of becoming the #1 IT company in the world. As new markets grow and are created, such as the Internet of Everything, it's very easy to see how the intelligent network is at the center of that future. Our customers already understand that Cisco has the architectures, solutions and services to best help them deliver the business results they need and we are honored to work with them and serve them each and every day."

  
GAAP Results  
   
   Q2 2013   Q2 2012  Vs. Q2 2012  
Net Sales  $12.1 billion   $11.5 billion   5.0%
Net Income  $ 3.1 billion  $ 2.2 billion   44.0 %
Earnings per Share  $ 0.59   $ 0.40   47.5%
                 
  
Non-GAAP Results  
   
   Q2 2013  Q2 2012  Vs. Q2 2012 
Net Income  $ 2.7 billion  $ 2.6 billion   6.2 %
Earnings per Share  $ 0.51   $ 0.47   8.5%
                

Net sales for the first six months of fiscal 2013 were $24.0 billion, compared with $22.8 billion for the first six months of fiscal 2012. Net income for the first six months of fiscal 2013, on a GAAP basis, was $5.2 billion or $0.98 per share, compared with $4.0 billion or $0.73 per share for the first six months of fiscal 2012. Non-GAAP net income for the first six months of fiscal 2013 was $5.3 billion or $0.99 per share, compared with $4.9 billion or $0.90 per share for the first six months of fiscal 2012.

A reconciliation between net income on a GAAP basis and non-GAAP net income is provided in the table on page 6.

Cisco will discuss second quarter results and business outlook on a conference call and webcast at 1:30 p.m. Pacific Time today. Call information and related charts are available at http://investor.cisco.com.

Cash and Cash Equivalents and Investments

  • Cash flows from operations were $3.3 billion for the second quarter of fiscal 2013, compared with $2.5 billion for the first quarter of fiscal 2013, and compared with $3.1 billion for the second quarter of fiscal 2012.
  • Cash and cash equivalents and investments were $46.4 billion at the end of the second quarter of fiscal 2013, compared with $45.0 billion at the end of the first quarter of fiscal 2013, and compared with $48.7 billion at the end of fiscal 2012.

Dividends and Stock Repurchase Program

During the second quarter of fiscal 2013:

  • The combination of cash used for dividends and common stock repurchases under the stock repurchase program totaled approximately $1.2 billion.
  • Cisco paid a cash dividend of $0.14 per common share, or $743 million.
  • Cisco repurchased approximately 25 million shares of common stock under the stock repurchase program at an average price of $20.15 per share for an aggregate purchase price of $500 million. As of January 26, 2013, Cisco had repurchased and retired 3.8 billion shares of Cisco common stock at an average price of $20.34 per share for an aggregate purchase price of approximately $76.9 billion since the inception of the stock repurchase program. The remaining authorized amount for stock repurchases under this program is approximately $5.1 billion with no termination date.

"We delivered another solid quarter achieving profitable growth which contributes to increasing shareholder value over the long term," stated Frank Calderoni, Cisco executive vice president and chief financial officer. "We are executing consistently, and we remain confident with our financial strategy while capitalizing on strategic investment opportunities to help drive our continued leadership in the industry."

Select Global Business Highlights

  • Cisco announced and completed the acquisition of privately held Cloupia, Inc., a software company that automates converged data center infrastructure, allowing enterprises and service providers to simplify the deployment and configuration of physical and virtual resources from a single management console.
  • Cisco announced and completed the acquisition of privately held Meraki, Inc., a leader in cloud networking offering midmarket customers easy-to-deploy, on-premise networking solutions that can be centrally managed from the cloud.
  • Cisco announced and completed the acquisition of privately held Cariden Technologies, Inc., a supplier of network planning, design and traffic management solutions for telecommunications service providers.
  • Cisco announced and completed the acquisition of BroadHop, Inc., a provider of next-generation policy control and service management technology for carrier networks worldwide.
  • Cisco announced the investment of $6 million in the venture capital fund Monashees Capital, a leading Brazilian VC focused on Internet companies and online education.
  • Belkin announced its intent to acquire Cisco's Linksys product line.
  • Cisco unveiled its new "Internet of Everything" global integrated marketing campaign, with a message that connecting people, process, data and things will make the network more valuable than ever.

Cisco Innovation

  • Cisco unveiled Videoscape Unity™, its new and expanded Videoscape™ video services delivery platform, empowering service providers and media companies to deliver new intuitive and synchronized multiscreen video experiences.
  • Cisco announced new solutions under the Cisco Unified Access™ umbrella that simplify network design by converging wired and wireless networks.
  • Cisco introduced Cisco StadiumVision® Mobile, a solution that delivers live video to mobile devices to create an entirely new fan experience in sports and entertainment venues.
  • Cisco introduced its advanced Wi-Fi location data analytics platform to help businesses enhance customer experiences and create new monetization opportunities to meet the needs of the growing number of connected consumers.
  • Cisco announced two new connected health offerings, Connected Health solutions and HealthPresence® 2.5, designed to meet the increasing need in healthcare for software and services that help enable efficient, convenient, high-quality patient care, and more collaboration across the healthcare continuum.

Select Customer Announcements

  • Cisco announced that Turkiye Is Bankasi (Isbank), the largest bank of Turkey, deployed a Cisco® Borderless Networks and Collaboration infrastructure to enhance business agility, speed product and service development, and better serve its customers.
  • ME Bank in Australia selected a Cisco and NetApp FlexPod® for VMware solution to help transform its information technology and operational excellence functions and to accelerate the speed with which it can introduce new business applications and services to customers.
  • SingTel announced that it is the first service provider in the Asia-Pacific region to globally deploy Multiprotocol Label Switching-Transport Profile (MPLS-TP) technology for its ConnectPlus E-Line service, providing its multinational corporation customers with scalable high-speed connections worldwide.
  • Xerox selected Cisco Unified Computing System™ to deliver its cloud-based global managed print services.
  • Cisco announced that Eastlink, a leading telecommunications service provider in Canada, is using Cisco Videoscape™ to power its new mobile video platform, Eastlink To Go, designed to deliver new consumer experiences anytime, anywhere.
  • Cisco announced that Telefonica Global Solutions, part of the Telefonica Group, a leading global provider of telecommunication services for fixed and mobile carriers, ISPs and content providers, selected Cisco for its enhanced Internet Protocol Next-Generation Network.

Editor's Note:

  • Q2 FY2013 conference call to discuss Cisco's results along with its business outlook will be held on Wednesday, February 13, 2013 at 1:30 p.m. Pacific Time. Conference call number is 1-888-848-6507 (United States) or 1-212-519-0847 (international).
  • Conference call replay will be available from 4:30 p.m. Pacific Time, February 13, 2013 to 4:30 p.m. Pacific Time, February 20, 2013 at 1-866-484-6427 (United States) or 1-203-369-1601 (international). The replay also will be available via webcast from February 13, 2013 through April 19, 2013 on the Cisco Investor Relations website at http://investor.cisco.com.
  • Additional information regarding Cisco's financials, as well as a webcast of the conference call with visuals designed to guide participants through the call, will be available at 1:30 p.m. Pacific Time, February 13, 2013. Text of the conference call's prepared remarks will be available within 24 hours of completion of the call. The webcast will include both the prepared remarks and the question-and-answer session. This information, along with GAAP reconciliation information, will be available on the Cisco Investor Relations website at http://investor.cisco.com.

About Cisco
Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go tohttp://newsroom.cisco.com.

This release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among other things, statements regarding future events (such as statements regarding innovation, value to shareholders, the goal of becoming the #1 IT company, the future of the intelligent network, Cisco's ability to help customers deliver business results, strategic investment opportunities and  industry leadership) and the future financial performance of Cisco that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including: business and economic conditions and growth trends in the networking industry, our customer markets and various geographic regions; global economic conditions and uncertainties in the geopolitical environment; overall information technology spending; the growth and evolution of the Internet and levels of capital spending on Internet-based systems; variations in customer demand for products and services, including sales to the service provider market and other customer markets; the return on our investments in certain priorities, including our foundational priorities, and in certain geographical locations; the timing of orders and manufacturing and customer lead times; changes in customer order patterns or customer mix; insufficient, excess or obsolete inventory; variability of component costs; variations in sales channels, product costs or mix of products sold; our ability to successfully acquire businesses and technologies and to successfully integrate and operate these acquired businesses and technologies; our ability to achieve expected benefits of our partnerships; increased competition in our product and service markets, including the data center; dependence on the introduction and market acceptance of new product offerings and standards; rapid technological and market change; manufacturing and sourcing risks; product defects and returns; litigation involving patents, intellectual property, antitrust, shareholder and other matters, and governmental investigations; natural catastrophic events; a pandemic or epidemic; our ability to achieve the benefits anticipated from our investments in sales, engineering, service, marketing and manufacturing activities; our ability to recruit and retain key personnel; our ability to manage financial risk, and to manage expenses during economic downturns; risks related to the global nature of our operations, including our operations in emerging markets; currency fluctuations and other international factors; changes in provision for income taxes, including changes in tax laws and regulations or adverse outcomes resulting from examinations of our income tax returns; potential volatility in operating results; and other factors listed in Cisco's most recent reports on Forms 10-Q and 10-K filed on November 20, 2012 and September 12, 2012, respectively. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in Cisco's most recent reports on Forms 10-Q and 10-K as each may be amended from time to time. Cisco's results of operations for the three and six months ended January 26, 2013 are not necessarily indicative of Cisco's operating results for any future periods. Any projections in this release are based on limited information currently available to Cisco, which is subject to change. Although any such projections and the factors influencing them will likely change, Cisco will not necessarily update the information, since Cisco will only provide guidance at certain points during the year. Such information speaks only as of the date of this release.

This release includes non-GAAP net income, non-GAAP effective tax rates, non-GAAP net income per share data and non-GAAP inventory turns.

These non-GAAP measures are not in accordance with, or an alternative for, measures prepared in accordance with generally accepted accounting principles and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Cisco believes that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Cisco's results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Cisco's results of operations in conjunction with the corresponding GAAP measures.

Cisco believes that the presentation of non-GAAP net income, non-GAAP effective tax rates, and non-GAAP net income per share data, when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and results of operations. In addition, Cisco believes that the presentation of non-GAAP inventory turns provides useful information to investors and management regarding financial and business trends relating to inventory management based on the operating activities of the period presented.

For its internal budgeting process, Cisco's management uses financial statements that do not include, when applicable, share-based compensation expense, amortization of acquisition-related intangible assets, impact to cost of sales from purchase accounting adjustments to inventory, other acquisition-related/divestiture costs, significant asset impairments and restructurings, the income tax effects of the foregoing, and significant tax matters. Cisco's management also uses the foregoing non-GAAP measures, in addition to the corresponding GAAP measures, in reviewing the financial results of Cisco. In prior periods, Cisco has excluded other items that it no longer excludes for purposes of its non-GAAP financial measures. From time to time in the future, there may be other items, such as significant gains or losses from contingencies that Cisco may exclude for purposes of its internal budgeting process and in reviewing its financial results.

For additional information on the items excluded by Cisco from one or more of its non-GAAP financial measures, refer to the Form 8-K regarding this release furnished today to the Securities and Exchange Commission.

Copyright © 2013 Cisco and/or its affiliates. All rights reserved. Cisco, the Cisco logo, Cisco Unified Access, Cisco Unified Computing System, Cisco StadiumVison, Cisco Videoscape, Cisco Videoscape Unity, HealthPresence, and Videoscape are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. To view a list of Cisco trademarks, go to: www.cisco.com/go/trademarks. Third party trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company. This document is Cisco Public Information.

  
CONSOLIDATED STATEMENTS OF OPERATIONS 
(In millions, except per-share amounts)  
(Unaudited) 
   
    Three Months Ended    Six Months Ended 
    January 26,
2013
    January 28,
2012
    January 26,
2013
    January 28,
2012
 
NET SALES:   

Ingram Micro Reports 2012 Fourth Quarter Financial Results

Ingram Micro Reports 2012 Fourth Quarter Financial Results
Achieves Record Quarterly Revenue and Gross Profit
BrightPoint Contributes $1 Billion to Revenues and is 4 Cents Accretive to EPS, Excluding Acquisition Related Costs

SANTA ANA, Calif.

Feb. 13, 2013 /PRNewswire/ -- Ingram Micro Inc. (NYSE: IM), the world's largest wholesale technology distributor and a global leader in IT supply-chain, mobile device lifecycle services and logistics solutions, today announced financial results for the fourth quarter ended December 29, 2012. 

Worldwide sales of $11.38 billion were an all-time quarterly record, increasing 14 percent in U.S. dollars when compared with $9.95 billion in the fourth quarter last year. The translation effect of foreign currencies had a negative impact of one percent on worldwide sales growth as compared with the prior year. The company's recently completed acquisitions of BrightPoint, Inc. and Aptec Holdings Ltd. contributed approximately $1 billion and $75 million, respectively, to the quarter's revenues. BrightPoint's contribution to the company's fourth quarter revenues is for the period ofOctober 16, 2012 through the end of the quarter, reflecting BrightPoint's acquisition by Ingram Micro on October 15, 2012.

Worldwide gross profit also hit an all-time quarterly record of $661.2 million (5.81 percent of total sales), compared with $554.3 million (5.57 percent of total sales) in the 2011 fourth quarter. BrightPoint was accretive to 2012 fourth quarter gross profit as a percentage of revenue by approximately 45 basis points. 2011 fourth quarter gross profit as a percentage of revenue benefited by approximately 30 basis points from favorable pricing on hard disk drives.

Operating income was $167.9 million (1.48 percent of total sales), which includes $8.6 million, or 8 basis points, in restructuring and acquisition-related costs as discussed below, as well as an additional $8.2 million, or 7 basis points, in amortization of intangibles related to the acquisition of BrightPoint. This compares to 2011 fourth quarter operating income of $176.1 million (1.77 percent of total sales), which benefited by approximately 30 basis points from favorable pricing on hard disk drives.

2012 fourth quarter net income was $101.4 million, or 66 cents per diluted share, which includes an aggregate net negative impact of 7 cents per diluted share resulting from the following items:

  • A negative impact from acquisition costs totaling approximately $8.6 million pretax, or 4 cents per diluted share, consisting primarily of legal, consulting and due diligence costs associated with the acquisition and integration of BrightPoint, as well as restructuring costs associated with other expense reduction programs; and
  • A net negative after tax charge of $4.7 million, or 3 cents per diluted share, related to:
    • A charge of $41.8 million for a valuation allowance recorded against deferred tax assets in Australia driven by the continuing losses generated in that business unit;
    • A benefit of $30.0 million related to the partial release of a valuation allowance that had previously been recorded against foreign tax credit carryforwards maintained in the U.S., which the company now believes will be realized based on inclusion of new foreign earnings, including BrightPoint's cumulative non-U.S. earnings;
    • A benefit of $4.9 million in Spain where the operation has generated cumulative pre-tax profits over the last three years and has now released the valuation allowance that had previously been recorded against our deferred tax assets in that country; and
    • A benefit of $2.2 million, driven largely by the realization of previously unrecognized tax benefits due to the expiry of the respective statutes of limitation in the jurisdictions in which the benefits were claimed.

2011 fourth quarter net income was $104.9 million, or 68 cents per diluted share, including the$0.02 per diluted share negative impact of reorganization charges recorded in the quarter. Net income for the fourth quarter of the prior year benefited from favorable pricing on hard disk drives.  

Further detail can be found in the financial statements and schedules attached to this news release or at www.ingrammicro.com.

Key 2012 fourth quarter highlights:

  • North America revenues were up 6 percent, the highest sales in more than a decade, led by double digit growth in the company's key SMB market and very strong sales in the company's higher margin specialty divisions. 
  • Latin America delivered all-time record fourth quarter revenues on growth of 5 percent in U.S. dollars and led the company in operating income as a percentage of sales, which came in at 275 basis points. 
  • Asia Pacific achieved a fourth quarter sales record, increasing revenue 11 percent over last year, as India and China continued to deliver double digit growth. The acquisition of Aptec contributed approximately 4 percentage points of the growth.
  • Europe had a strong close to the quarter, with the region performing relatively well given the continued uncertainty surrounding the macro-economic environment and a highly competitive selling environment. European quarterly revenues were down 4 percent in U.S. dollars and 1 percent in local currencies, when compared to last year.
  • BrightPoint had solid revenues and delivered accretion contribution above the company's expectations entering the quarter. The integration team quickly captured near-term cost synergy opportunities helping lead to accretion to earnings per diluted share of $0.04, excluding acquisition related costs.  
  • Working capital days were 23, towards the lower end of the company's targeted range of 22 to 26 days.

"Our fourth quarter financial performance confirmed our improved execution, as the entire company responded well to the challenge to drive a sense of urgency, better execution and increased profitability across the organization," said Alain Monie, president and chief executive officer, Ingram Micro Inc. "We are clearly executing better against our key strategic initiatives and we are beginning to see early returns from our organic investments into areas such as enterprise computing and IM Logistics, as well as from our acquisitions to drive growth in higher value markets. 

"While we are entering 2013 well-positioned to drive better returns on capital and reasonable revenue growth across the business, there are several key objectives on which we must deliver," Monie said. "We must return Australia to a profitable, growing business. We also must continue to execute on the integration of BrightPoint and realization of cost and revenue synergies. We will maintain our historic focus on operational excellence, while combining improvements in returns on invested capital with revenue growth. Additionally, we will continue to examine opportunities to free up and reallocate capital from underperforming businesses into areas of better returns. Our overriding objective is to drive sustainable, long-term shareholder returns." 

Bill Humes, chief operating and financial officer, commented: "Our associates around the world – including those joining us from recent acquisitions – did a great job responding to challenging market dynamics and delivered strong financial results for the quarter, including solid management of working capital. The integration of BrightPoint is progressing well and we were successful in rapidly capturing early cost synergies, which helped drive fourth quarter accretion to earnings from that business above our expectations entering the quarter. We continue to expect to drive annual cost synergies from the BrightPoint acquisition of at least $55 million for 2014 and accretion to non-GAAP earnings per diluted share of at least $0.18 in 2013 and $0.35 in 2014, excluding one-time charges and integration costs, but including additional amortization of intangibles of approximately $37 million."

Twelve-Month Period

For the twelve months ended December 29, 2012, worldwide sales were $37.8 billion, with gross profit of $2.04 billion (5.38 percent of total sales), compared with worldwide sales of $36.3 billion, with gross profit of $1.91 billion (5.25 percent of total sales) for last year's twelve-month period. Twelve-month net income for 2012 was $306.0 million, or $1.99 per diluted share, versus $244.2 million, or $1.53 per diluted share, for the 2011 twelve-month period.

Outlook  

For the 2013 year, the company currently expects worldwide consolidated revenue growth in the low teens, which includes the contribution of BrightPoint. The company affirms its expectations for BrightPoint to be accretive to 2013 earnings by at least 18 cents per diluted share, which includes absorbing approximately $37 million, or 17 cents per diluted share, in additional amortization of intangibles, but excludes integration costs.

For the 2013 first quarter, the company currently expects to experience a seasonal sequential decline in worldwide consolidated revenue consistent with the past two years and expects a seasonal sequential decline in gross margin due primarily to lower contribution from Ingram Micro logistics services.

Conference Call and Webcast

Additional information about Ingram Micro's financial results will be presented in a conference call with presentation slides today at 5 p.m. ET.  To listen to the conference call webcast and view the accompanying presentation slides, visit the company's website at www.ingrammicro.com(Investor Relations section). The conference call is also accessible by telephone at (888) 455-2260 (toll-free within the United States and Canada) or (719) 325-2494 (other countries), passcode "3928426."

The replay of the conference call with presentation slides will be available for one week atwww.ingrammicro.com (Investor Relations section) or by calling (888) 203-1112 or (719) 457-0820 outside the United States and Canada, passcode "3928426."

Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995

The matters in this press release that are forward-looking statements are based on current management expectations. Certain risks may cause such expectations to not be achieved and, in turn, may have a material adverse effect on Ingram Micro's business, financial condition and results of operations. Ingram Micro disclaims any duty to update any forward-looking statements. Important risk factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, without limitation: (1) we have made and expect to continue to make investments in new businesses and initiatives, including acquisitions, which could disrupt our business and have an adverse effect on our operating results; (2) we are dependent on a variety of information systems, which, if not properly functioning, or unavailable, could adversely disrupt our business and harm our reputation and earnings; (3) changes in macro-economic conditions may negatively impact a number of risk factors which, individually or in the aggregate, could adversely affect our results of operations, financial condition and cash flows; (4) we continually experience intense competition across all markets for our products and services; (5) we operate a global business that exposes us to risks associated with conducting business in multiple jurisdictions; (6) our failure to adequately adapt to IT industry changes could negatively impact our future operating results; (7) terminations of a supply or services agreement or a significant change in supplier terms or conditions of sale could negatively affect our operating margins, revenue or the level of capital required to fund our operations; (8) substantial defaults by our customers or the loss of significant customers could have a negative impact on our business, results of operations, financial condition or liquidity; (9) changes in, or interpretations of, tax rules and regulations, changes in the mix of our business amongst different tax jurisdictions, and deterioration of the performance of our business may adversely affect our effective income tax rates or operating margins and we may be required to pay additional taxes and/or tax assessments, as well as record valuation allowances relating to our deferred tax assets; (10) changes in our credit rating or other market factors such as adverse capital and credit market conditions or reductions in cash flow from operations may affect our ability to meet liquidity needs, reduce access to capital, and/or increase our costs of borrowing; (11) failure to retain and recruit key personnel would harm our ability to meet key objectives; (12) we cannot predict with certainty what loss we might incur as a result of litigation matters and contingencies that we may be involved with from time to time; (13) we may incur material litigation, regulatory or operational costs or expenses, and may be frustrated in our marketing efforts, as a result of environmental regulations or private intellectual property enforcement disputes; (14) we face a variety of risks in our reliance on third-party service companies, including shipping companies for the delivery of our products and outsourcing arrangements; (15) changes in accounting rules could adversely affect our future operating results; and (16) our quarterly results have fluctuated significantly. We also face a variety of risks associated with our recently completed acquisition ofBrightpoint, Inc., Aptec and Promark, including: management's ability to execute its plans, strategies and objectives for future operations, including the execution of integration plans; growth of the mobility industry, the government contracts business, and in new and untapped markets in geographies outside the U.S.; and other uncertainties or unknown, underestimated and/or undisclosed commitments or liabilitiesand our ability to achieve the expected benefits and manage the costs of the integrations of recent acquisitions.

Ingram Micro has instituted in the past and continues to institute changes to its strategies, operations and processes to address these risk factors and to mitigate their impact on Ingram Micro's results of operations and financial condition. However, no assurances can be given thatIngram Micro will be successful in these efforts. For a further discussion of significant factors to consider in connection with forward-looking statements concerning Ingram Micro, reference is made to Item 1A Risk Factors of Ingram Micro's Annual Report on Form 10-K for the fiscal year ended December 31, 2011 and Form 10-Q for the fiscal quarter ended September 29, 2012; other risks or uncertainties may be detailed from time to time in Ingram Micro's future SEC filings.

About Ingram Micro Inc.

Ingram Micro is the world's largest wholesale technology distributor and a global leader in IT supply-chain, mobile device lifecycle services and logistics solutions. As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics and mobile solutions, technical support, financial services and product aggregation and distribution. The company is the only global broad-based IT distributor, serving 145 countries on six continents with the world's most comprehensive portfolio of IT products and services. Visit www.ingrammicro.com.

© 2013 Ingram Micro Inc.  All rights reserved. Ingram Micro and the registered Ingram Micro logo are trademarks used under license by Ingram Micro Inc.

  

Ingram Micro Inc.

Consolidated Balance Sheet

(Amounts in 000s)

(Unaudited)










December 29,


December 31,


2012


2011





ASSETS




Current assets:




Cash and cash equivalents

$                          595,147


$                          891,403

Trade accounts receivable, net

5,457,299


4,465,329

Inventory

3,591,543


2,942,164

Other current assets

522,390


319,506





Total current assets

10,166,379


8,618,402





Property and equipment, net

481,324


323,261

Goodwill

428,401


-

Intangible assets, net

372,482


73,330

Other assets

31,862


131,523





Total assets

$                      11,480,448


$                        9,146,516





LIABILITIES AND STOCKHOLDERS' EQUITY




Current liabilities:




Accounts payable

$                        6,065,159


$                        4,893,437

Accrued expenses

585,404


524,010

Short-term debt and current maturities of long-term debt

111,268


92,428





Total current liabilities

6,761,831


5,509,875





Long-term debt, less current maturities

943,275


300,000

Other liabilities

164,089


63,864





Total liabilities

7,869,195


Creating a Simpler, Secure Workflow: Xerox Technology Supports Cloud Services, Custom Apps, BYOD and More

Creating a Simpler, Secure Workflow: Xerox Technology Supports Cloud Services, Custom Apps, BYOD and More

TORONTO, ON., Feb. 13, 2013 – Xerox (NYSE: XRX) today introducedConnectKey™, a software system embedded in Xerox multifunction printers (MFPs) and a set of solutions that respond to an increasingly mobile workforce and the need for more advanced IT security across connected devices.

Sixteen ConnectKey MFPs – including the new WorkCentre® 5800 and 7800 Series – will use the industry’s first embedded security protection from McAfee, giving IT managers more control and peace of mind in “bring your own device” (BYOD) workplaces. ConnectKey MFPs also have an extra layer of security with Cisco’s TrustSec, which protects data paths to and from the devices.

With ConnectKey’s open Application Programming Interface (API), sales channel partners, systems integrators and resellers can develop and embed apps on the MFP with no additional software requirements.

“ConnectKey was designed for one purpose: to simplify how work gets done in a secure, ‘always on’ world,” said Douraid Zaghouani, president, Channel Partner Operations, Xerox. “Through the MFP as a secure hub, ConnectKey’s features include the ability to scan and upload documents to cloud repositories, send business-critical documents directly into workflow processes and print securely and easily from any mobile device. It’s Xerox innovation that takes hassles out of workdays and adds more productivity into workplaces.”

Concord Hospitality Enterprises Company, a hotel management and development company based in Raleigh, N.C., recognizes the benefits of ConnectKey – such as scanning to SharePoint and mobile printing – in its headquarters and plans to expand these services to its 90 hotels in North America.

“From an innovation standpoint, ConnectKey is great. My only regret is that we didn't have it sooner,” said Brian Cornell, chief information officer, Information Technology, Concord Hospitality.

Work simplified with MFP apps, cloud access, mobile printing

ConnectKey’s solutions give IT professionals, channel partners and large, medium and small workplaces fast and easy ways to get work done, including:

  • Standard apps or build-your-own: Xerox’s App Studio will let users and channel partners customize apps that make daily work processes faster. For example, a custom app for a health insurance company could scan reimbursement claims directly into the payment system from the MFP screen.
  • Cloud access: With a single touch – and no middleware – ConnectKey Share to Cloud moves documents to repositories, such as SharePoint Online,Google DriveDropBoxEvernotePaperPort Anywhere and Salesforce.com. It also allows automatic conversion to searchable PDF, Word or Excel, making documents easier to manage for the future.
  • Connect to SharePoint: Office workers can browse, convert and store documents in SharePoint and network folders, or store directly to their SharePoint My Site or home folder. With a focus on ease of installation and maintenance, it’s designed for small and midsized businesses.
  • Easy IT integration: ConnectKey MFPs can be managed as a central part of the network, much like servers, for straightforward set-up and service. Troubleshooting and training can be addressed remotely by IT administrators, or self-help can be initiated with online support and videos on the front panel.
  • Print from anywhere: Workers can print from any email-enabled mobile device without special software with Xerox Mobile Print, or use apps with additional convenience features developed for iOS, Android, Windows and Blackberry. Users have the added flexibility of choosing to implement mobile print as either a cloud-based or on-site solution.

Availability

The Xerox WorkCentre 5800 Series and the WorkCentre 7800 Series are available immediately; the WorkCentre 7220/7225, the Xerox ColorQube® 9300 Series and the Xerox ColorQube 8700/8900 Series with the ConnectKey Controllers will be available in the second quarter.

The ConnectKey for SharePoint and ConnectKey Share to Cloud are available immediately; the Xerox Apps Studio will be available early in the third quarter.

For more information, visit http://www.xerox.com/connectkey.

HP Unveils World’s Fastest Desktop Color Printer, Celebrates 25th Anniversary of HP Deskjet Printers

February 11, 2013

HP Unveils World’s Fastest Desktop Color Printer, Celebrates 25th Anniversary of HP Deskjet Printers

HP Officejet Pro X Series earns Guinness World Records title for unsurpassed speed

PALO ALTO, Calif. — HP today announced the worldwide release of the new HP Officejet Pro X, the world’s fastest desktop printer as recognized by Guinness World Records.(1) 

Designed to meet the demanding and unique needs of small and medium-sized businesses (SMBs), the HP Officejet Pro X is revolutionizing business printing by increasing productivity, reducing costs and promoting the value of inkjet technology in the workplace.

Since the first HP Deskjet printer was introduced in 1988, HP has continued to innovate in the inkjet market with the HP Photosmart and HP Officejet brands, and has shipped nearly 600 million inkjet printers.(2) 

HP also announced two new HP Officejet Pro printers, available this spring. The HP Officejet Pro 251dw Printer and HP Officejet Pro 276dw Multifunction Printer (MFP) provide professional, reliable printing for up to 50 percent lower cost per page than laser printers.(3)They also offer the ability to be easily integrated into existing IT infrastructures through enhanced manageability and workflow solutions.

“SMB customers constantly look for ways to save money and do more with less,” said Stephen Nigro, senior vice president, Inkjet and Printing Solutions and Graphics Solutions Business, Printing and Personal Systems Group, HP. “The new HP Officejet Pro X Series is an ideal solution that delivers professional printing at a faster rate(3) and cheaper cost (4) than laser printers, while generating significantly less waste.”

“As organizations continue to identify ways to increase productivity and reduce operating costs, the use of inkjets in the office will continue to grow,” said Zac Butcher, director, Digital Peripherals Solutions Consulting Service—Europe, InfoTrends. “We expect business inkjet devices to take a greater share of the office printing market, and anticipate that worldwide placements of business inkjet devices will grow from 14.7 million in 2011 to 18.9 million in 2016 at a compound annual growth rate (CAGR) of 5.2 percent.”

HP Officejet Pro X: Exceptional speed, quality, reliability, cost efficiency for SMBs

HP Officejet Pro X Series color printers and MFPs deliver up to twice the speed and half the printing cost compared with laser printers.(3)

Powered by HP PageWide Technology—the company’s next-generation inkjet platform—the HP Officejet Pro X Series can deliver high-quality professional documents at up to 70 pages per minute (ppm), making it the fastest desktop printer according to Guinness World Records.(1)

HP PageWide Technology delivers four colors of Original HP pigment ink at one time onto a moving sheet of paper. As the paper moves, the printhead remains stationary, allowing the HP Officejet Pro X Series to print quickly and quietly. The standard 500-sheet main paper tray lets SMBs save even more time with fewer printing interruptions.

The ENERGY STAR® qualified HP Officejet Pro X features energy- and waste-saving features and best-in-class supplies that continue HP’s commitment to improve the sustainability of office printing. HP 970 and 971 ink cartridges feature quick-drying, long-lasting pigment inks that offer highly durable, professional print quality, and feature optimized color mixing and paper interaction for high-speed printing.

The HP Officejet Pro X uses up to 50 percent less energy and HP 970 and 971ink cartridges create up to 50 percent less supplies waste than laser, while offering comparable quality.(5,6)Automatic two-sided printing on every model creates additional opportunities to save paper.

Celebrating 25 years of the HP Inkjet Printer

HP launched the HP Deskjet, the world’s first single-sheet inkjet printer in February 1988. Originally priced at $995, the first HP Deskjet featured an average speed of 2 ppm.(7) Today, HP’s inkjet portfolio has transformed into high-speed, lightweight printers with a multitude of features, including wireless web connectivity, cloud services and enterprise management solutions.

HP Officejet Pro 251dw Printer and HP Officejet Pro 276dw MFP

The HP Officejet Pro 251dw Printer and the HP Officejet Pro 276dw MFP, available later this spring, provide services unique to the medium-sized business with a smaller footprint. The new printers allow employees to replicate a headquarters experience in a remote, telecommuter or branch office.

Offering the same high-quality, professional documents for up to 50 percent lower cost per page than color laser,(4) the HP Officejet Pro series is outfitted with enterprise-ready manageability solutions, including HP Universal Print DriversHP Web Jetadmin software, HP Managed Print Services (MPS) and enterprise-ready solution enablement.

Pricing and availability

The HP Officejet Pro X Series is now shipping worldwide. Single-function models start at $449, and MFPs start at $649.(8)

The HP Officejet Pro 251dw Printer and the HP Officejet Pro 276dw MFP will be available worldwide later this spring.


(1) Guinness World Records title certified for fastest time to print 500 sheets by an office color desktop printer, April 2012. Record set on HP X551dw and X576dw models. Details at guinnessworldrecords.com. Record attempt supervised and verified by wirthconsulting.org. Test documents ISO 24734 from sample four-page category test file printed in fastest available color mode for all products. Competitive set includes laser and inkjet color desktop MFPs <$1,000 and printers <$800 as of March 2012.

(2) Number of shipments based on internal HP database results through 2012.

(3) Comparison based on manufacturers’ published specifications of fastest-available color mode (as of March 2012) and includes color laser MFPs <$1,000 and color laser printers <$800 available March 2012 based on market share as reported by IDC as of Q1 2012 and HP internal testing of printer in fastest available color mode (sample four-page category documents tested from ISO 24734). After first set of ISO test pages. Additional information is available at www.hp.com/go/printerclaims.

(4) Cost-per-page (CPP) claim is based on the majority of color laser printers less than US $300 and the majority of color laser MFPs less than US $500 as of September 2012, based on market share as reported by IDC as of Q2 2012. CPP comparisons for laser supplies are based on published specifications of the manufacturers’ highest-capacity cartridges available, as reported by Gap Intelligence. HP Officejet Pro CPP based on HP 950XL/951XL Ink Cartridges, estimated street price, published yield for color prints and continuous printing. Actual prices may vary. Actual yields may vary based on printer used, images printed and other factors. Additional information is available at www.hp.com/go/officejet.

(5) Majority of color laser printers <$800 and color laser MFPs <$1,000 as of August 2012. Energy use based on HP and HP-commissioned third-party testing. Actual cost and energy usage may vary. Additional information is available at www.hp.com/go/officejet.

(6) Compares weight of empty cartridge and packaging materials needed for 15,000 pages using highest-capacity cartridges of major in-class competitors’ color laser MFPs <$1,000 and color laser printers <$800 as of October 2012. Tested by Buyers Lab Inc.  Additional information is available at www.hp.com/go/officejet.

(7) After first page. Additional information is available at www.hp.com/go/inkjetprinter.

(8) Estimated U.S. street prices. Actual prices may vary.


ENERGY STAR is a registered mark owned by the U.S. government.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance, market share or competitive performance relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by HP's businesses; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; assumptions related to pension and other post-retirement costs and retirement programs; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP's filings with the Securities and Exchange Commission, including HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2012. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2013 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.

Media contacts

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printingpersonal computingsoftwareservices and IT infrastructure to solve customer problems. More information about HP (NYSE: HPQ) is available at http://www.hp.com.

















































































Announcement of the three finalists for the 2013 Investissement Québec CEO of the Year Award


Announcement of the three finalists for the 2013 Investissement Québec CEO of the Year Award


MONTREAL, Feb. 11, 2013 /CNW Telbec/ - Today, the Quebec Technology Association revealed the names of the three finalists for the prestigious 2013 Investissement Québec Technology CEO of the Year Award. The three finalists are:

  • Daniel Handfield, CEO, Médiamed Technologies
  • Paul Raymond, President and Chief Executive Officer, Alithis
  • Sébastien Vachon, President, Korem

Since 2003, this contest has been shining the spotlight on CEOs of technology companies in recognition of their exemplary leadership and contributions to the visibility of the Quebec Information and Communications Technology (ICT) industry. The finalists were chosen by an independent selection committee comprised of CEOs of ICT companies and representatives of Investissement Québec and the Quebec Technology Association.

"The ICT industry plays a substantial role in economic development and Investissement Québec is proud to recognize the contributions of this industry's leaders. Our three finalists are clearly representative of the broad range of companies that drive the Quebec ICT industry," stated Jacques Daoust, President and Chief Executive Officer of Investissement Quebec.

Awards will be presented during CEO Vision, an exclusive event for CEOs of technology companies, which will be held from February 20 to 23 at Mont Tremblant. Attendance at the awards ceremony is reserved exclusively for CEOs registered for CEO Vision, as well as event sponsors and partners. In addition to receiving extensive press coverage, the finalists will present their projects to their peers who will then select the 2013 winner by secret ballot during the gala event on February 21.

"We congratulate all three of our CEO finalists for their insight and determination to drive their company's growth. Together they provide a clear picture of the scope and variety of successful companies active across several market segments," said Nicole Martel, CEO of AQT.

The 2013 Investissement Québec CEO of the Year Award relies on the support of its media partner Les Affaires, whose next issue includes exclusive Web coverage of each of the finalists.

About the finalists

About the Quebec Technology Association (AQT) www.aqt.ca
The Quebec Technology Association promotes innovative SMEs in the ICT industry by helping their CEOs and management teams reach business development objectives. Now the largest ICT business network in Quebec, the AQT, a non-profit, self-funded organization, provides its 500 member and affiliate companies with local and international networking opportunities, as well as business comparison and improvement tools - true building blocks of success!

About Investissement Québec
Investissement Québec's mission is to foster the growth of investment in Québec, thereby contributing to economic development and job creation in every region. It offers businesses a full range of financial solutions, including loans, loan guarantees and equity investments, to support them at all stages of their development. It is also responsible for tax incentive administration and foreign investment prospecting.

À propos des finalistes

SOURCE: Quebec Technology Association (AQT)

For further information:

AQT - Valérie Danger - 514 874-2667
Investissement Québec - Chantal Corbeil  - 514 873-7161




















































































Adobe Extends Critical Business Processes to Mobile Workforce for Enterprise and Government Agencies with LiveCycle Enterprise Suite 4

Adobe LiveCycle Enterprise Suite 4 Extends Business Processes to Mobile Workforce

Enterprises and Government Agencies Can Broaden Reach, Simplify Access to Business-critical Forms and Content

SAN JOSE, Calif. — Feb. 12, 2013 — Adobe Systems Incorporated (Nasdaq:ADBE) today announced Adobe® LiveCycle® ES4 , an enterprise form and document platform for capturing data, protecting sensitive information and delivering personalized communications. New capabilities in LiveCycle ES4 enable organizations to extend forms processes on mobile devices, and through integration with Adobe Experience Manager, connect forms and document processes to websites.

“LiveCycle ES4 helps organizations connect people to critical processes and engage with them in an easy-to-use and more secure environment, wherever they are and on the device of their choice,” said Arun Anantharaman, vice president and general manager, LiveCycle, Adobe. “With significant innovations in our latest version, businesses and government agencies can now better connect back-end processes and services to compelling applications, reducing their development costs while speeding time to market.”

The requirement for organizations to easily capture and process information, and securely deliver personalized communications to customers, especially across mobile channels, is changing the shape of business today. LiveCycle plays a role in helping enterprises meet this demand.

Significant new features in LiveCycle ES4 include:

·         Mobile forms support—Easily render forms to HTML5, PDF and paper from one template, extending self-service options to users on mobile devices.

 

·         Mobile Workspace application—Broaden reach of tasks and forms-related processes to mobile devices, enabling access for workers in the field, whether online or offline, helping improve productivity and reduce the opportunity for errors. Forms and associated data are automatically submitted to appropriate processes when workers next connect to the network.

 

·         Forms management capabilities—Streamline process of updating, retiring and managing thousands of forms. Marketing departments can easily maintain brand consistency by aligning form and document content with campaigns.

 

·         Integration with Adobe Experience Manager—Rapidly publish documents and enterprise forms on websites while minimizing IT support. Advanced web search capabilities make it easy for clients and constituents to find the necessary forms or documents.

 

·         Extended rights management—Protect sensitive information across devices by extending rights-managed documents to mobile users with the free Adobe Reader® Mobile application. Authorized users can search rights management-protected documents in Microsoft SharePoint.

“As a long-time customer, it’s great to see Adobe continue to advance LiveCycle capabilities to meet the evolving requirements of our market,” said Christian Schulze-Amelung, business unit leader, DSV Group, a German-based media company serving the banking industry. “The demand for online self-service on mobile is only growing among customers. The new capabilities in LiveCycle ES4 supporting business processes across devices are a welcome addition.”

“The release of LiveCycle ES4 comes at a pivotal time for public service organizations looking for ways to meet the demand of improving citizen interaction and satisfaction. Our clients are facing an unprecedented challenge to provide data from both legacy and leading edge IT investments for an increasingly mobile customer,” said David McCurley, Accenture Software’s practice lead for government clients. “By connecting LiveCycle ES4 to our Accenture Public Service Platform (APSP), we can make these new features available to our entire suite of software products. This helps our clients improve productivity and deliver powerful, intuitive experiences whether they are accessing information from home, at work, or by mobile devices in the field.”

 

Availability

Adobe LiveCycle ES4 is available now. For more information, please visit http://www.adobe.com/products/livecycle/.

About Adobe Systems Incorporated

Adobe is changing the world through digital experiences. For more information, visit www.adobe.com.

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