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    SAN MATEO, CA--(Marketwired - July 31, 2013) - AlienVault, the leading provider of Unified Security Management™ solutions and crowd-sourced threat intelligence, today announced the expansion of the AlienVault Open Threat Exchange™ (OTX) to now include all of the company's open and collaborative community activities to better serve security professionals on the front lines of cyber security defense and incident response.

    "Good security measures should be within the reach of all enterprises, yet often, small to mid-market organizations cannot afford the tools and threat intelligence information that is available to large enterprises and federal governments," said Barmak Meftah, President and CEO of AlienVault. "Today, we re-launch OTX as an even broader initiative to provide free resources, projects, services and threat intelligence to IT security professionals with the goal to unify efforts to combat the ever-increasing malicious threats that plague organizations."

    The broader OTX initiative will now serve as an open and collaborative community for security professionals to connect with their peers, find free tools for security monitoring, and learn about the latest threats and defensive tactics from industry experts and security researchers. As part of delivering this rich security intelligence, OTX now consists of the following elements:

    • AlienVault OTX Reputation Monitor™ - The industry's only open and collaborative threat intelligence system. AlienVault's OTX Reputation Monitor is the largest, crowd-sourced repository for threat information around the world. The OTX Reputation Monitor can be leveraged by security professionals in 2 ways:
    • AlienVault OTX Services - free services (including OTX Reputation Monitor Alert) for security professionals who join the AlienVault Open Threat Exchange.

    • AlienVault OTX Forum - an interactive online information exchange where security professionals can actively connect with peers to ask and answer security operations questions, find out information about security products, and discuss threat mitigation strategies.

    • AlienVault OTX Learning Center - an online knowledge base with hundreds of "how to" videos and documents on implementing security monitoring using AlienVault USM and OSSIM, as well as basics on security intelligence and incident response.

    • AlienVault OTX Projects - open source projects focused on collaborative threat intelligence and incident response. Specifically, AlienVault's open source project, OSSIM, where contributors and users can download the world's most widely used open source SIEM product and contribute to the OSSIM project.

    • AlienVault OTX Labs Blog - AlienVault Labs' insightful security research on emerging global threats and vulnerabilities. Includes articles that share the latest threat analysis as well as techniques on identifying them.

    OTX is free to any OSSIM user or AlienVault customer who chooses to participate. To join, visit www.alienvault.com/open-threat-exchange.

    About AlienVault
    AlienVault's Unified Security Management™ solution (USM) provides a fast and cost-effective way for organizations with limited security staff and budget to address compliance and threat management needs. With all of the essential security controls built-in, USM puts enterprise-class security visibility within fast and easy reach of smaller security teams who need to do more with less. AlienVault's Open Threat Exchange™ is an open and collaborative initiative for security professionals to connect with their peers, and learn about the latest threats and defensive tactics from industry experts and security researchers. AlienVault is a privately held company headquartered in Silicon Valley and backed by Kleiner Perkins Caufield & Byers, Sigma, Trident Capital and Adara Venture Partners. For more information visit www.AlienVault.com or follow us on Twitter.


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    OTTAWA, ONTARIO--(Marketwired - July 31, 2013) - Calian Technologies Ltd. (TSX:CTY) will hold a telephone conference call at 2:00 p.m. eastern time on Thursday, August 8, 2013 to discuss the results for the period ended June 30,
    2013, which will be released during business hours August 8, 2013.

    Interested participants from the financial & media community should call 1-877-974-0445 & 416-644-3415 at approximately 1:55 p.m. Following the presentation, interested parties will be invited to participate in a question and answer session. The conference call will be available for a period of 48 hours for playback and is accessible by dialing 877-289-8525 and 416-640-1917 in the Toronto area, access code 4628873#.

    About Calian 

    Calian employs over 2,400 people with offices and projects that span Canada, U.S. and international markets. The company's capabilities include the provision of business and technology services to industry and government in the health, operations and maintenance, IT services and training domains as well as the design, manufacturing and maintenance of complex systems to the communications and defence sectors. Our goal is to be the best company to work for, buy from and invest in. The Business and Technology Services (BTS) Division is headquartered in Ottawa. This division augments customer workforces with flexible short and long-term placements of individuals and teams, provides access to critical recruiting capabilities and delivers outsourcing services for a variety of technical and professional functions. Our strength lies in understanding clients' needs, recruiting highly qualified personnel who understand and meet those needs, and then effectively managing those personnel within our customers' framework. Calian's Systems Engineering Division (SED) plans, designs and implements complex communication systems for many of the world's space agencies and leading satellite manufacturers and operators. SED also provides contract manufacturing services for both private sector and military customers in North America.

    For further information, please visit our website at www.calian.com, or contact us at ir@calian.com


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    SAN JOSE, CA--(Marketwired - July 31, 2013) - Cisco (NASDAQ: CSCO) has scheduled a conference call for Wednesday, August 14, 2013, at 1:30 PM (PT) to announce its fourth quarter and fiscal year 2013 financial results for the period ending Saturday, July 27.

    Financial results will be released over Marketwired as well as the European Business and Technical Wire after the close of the market on Wednesday, August 14, 2013.

    Cisco's quarterly earnings press release will be posted at www.cisco.com under the "Newsroom" section.

    Date: August 14, 2013

    Time: 1:30 PM (PT); 4:30 PM (ET)

    To Listen via the Internet:
    We are pleased to offer a live and replay audio broadcast of the conference call with corresponding slides at http://investor.cisco.com.

    To Listen via Telephone:

    888-848-6507
    212-519-0847 (for International Callers)

    RSVP: No RSVP is necessary

    Replay:
    A telephone playback of the Q4 and FY 2013 conference call is scheduled to be available beginning at 4:00 PM (PT) on August 14, 2013, through 4:00 PM (PT) on August 21, 2013. The replay will be accessible by calling 866-507-3618 (International callers: 203-369-1892). The call runs 24 hours/day, including weekends.

    An archived version of the webcast will be available on Cisco Systems' Investor Relations website at http://investor.cisco.com.

    About Cisco
    Cisco (NASDAQ: CSCO) is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected. For ongoing news, please go to http://thenetwork.cisco.com.

    Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned 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.


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    REDWOOD SHORES, CA--(Marketwired - July 31, 2013) - Oracle (NYSE: ORCL)

    News Summary
    Today, the healthcare industry is under increased pressure to reduce operational risks and costs without affecting the quality of care for its customers. Harvard Pilgrim Health Care, a full-service health benefits company with a history of providing exceptional preventative care, disease management and member satisfaction, will leverage the real-time monitoring and proactive enforcement capabilities of Oracle Fusion Advanced Controls to help drive efficiencies in business processes, reduce costs and streamline its upgrade to Oracle E-Business Suite 12.1.

    News Facts

    • To help improve the bottom line, increase process efficiency, and reduce operational risks, Harvard Pilgrim Health Care, a full-service health benefits company, has selected Oracle Advanced Controls, a component of the Oracle Fusion Applications suite.
    • Harvard Pilgrim needed a comprehensive and automated process monitoring solution to replace manually intensive controls, optimize key processes, and support the company's ERP system upgrade.
    • The health benefits company chose Oracle Fusion Advanced Controls, including Oracle Application Access Controls Governor and Oracle Configuration Controls, to gain better control over its upgrade to the Oracle E-Business Suite 12.1, improve change management, and to help it reduce exposure to access security risks.
    • Harvard Pilgrim is planning an upgrade of its extensive and integrated implementation of the Oracle E-Business Suite, covering 30 modules in a single global instance, including modules within Oracle E-Business Suite Financials, Human Capital Management, Projects, and Order Management.
    • Oracle Advanced Controls will enable Harvard Pilgrim to:
      • Mitigate risks and reduce external and internal costs of its Oracle E-Business Suite upgrade by providing real-time monitoring and proactive enforcement of crucial access policies, such as those that determine configurations and segregation of duties.
      • Better control and reduce risks associated with its ERP upgrade with its ability to easily monitor, control and track configurations.
      • Help it reduce fraud, waste and errors.
    • Additionally, Harvard Pilgrim will utilize Oracle GRC Manager, part of Oracle Governance, Risk, and Compliance, to conduct regular compliance testing cycles to help secure its core ERP system from potential fraud, waste and abuse while helping ensure compliance.
    • In addition to streamlining projects and optimizing processes, Oracle Fusion Advanced Controls also supports an organization's GRC initiatives.
    • Oracle Fusion Advanced Controls is part of the Oracle Fusion Applications suite that also benefits the entire lifecycle of an organization's Oracle E-Business Suite and other ERP systems. From initial implementations, to upgrade and transformation projects, to running day-to-day operations, Oracle Advanced Controls is a complete solution that provides the power to discover issues, manage incidents, and enforce controls.

    Supporting Quote

    • "Harvard Pilgrim selected Oracle Fusion Advanced Controls to help improve controls through automation, improve efficiencies in the audit and testing process and to ultimately help the Company reduce costs while still maintaining a robust system of internal controls," said Michelle Clayman, corporate controller at Harvard Pilgrim Health Care.

    Supporting Resources

    About Harvard Pilgrim
    Harvard Pilgrim Health Care is a not-for-profit health plan serving more than one million members in New England. Founded in 1969, the health plan has built its reputation on pragmatic innovation with a goal of lowering costs, improving care and enhancing the overall member experience. Harvard Pilgrim is known for its excellent clinical programs, customer service, health improvement strategies and innovative tools that offer consumers greater transparency and empower them to make better decisions about their health care.

    Harvard Pilgrim is the #1 private health plan in America again according to an annual ranking of the nation's best health plans by the National Committee for Quality Assurance (NCQA). Harvard Pilgrim is the only private health plan in the nation to be named #1 for member satisfaction and quality of care for nine consecutive years.*

    About Oracle
    Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NYSE: ORCL), visit www.oracle.com.

    Trademark
    Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

    * NCQA's Private Health Insurance Plan Rankings, 2011-13, HMO/POS. NCQA's Health Insurance Plan Rankings 2010-11 - Private. U.S.News/NCQA America's Best Health Insurance Plans 2005-2009 (annual). America's Best Health Insurance Plans is a trademark of U.S.News & World Report. NCQA The State of Health Care Quality 2004.


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    BERKELEY, CA--(Marketwired - July 31, 2013) - In keeping with its commitment to academic freedom and open access to research, the USENIX Association announced today that Roel Verdult, lead author of the academic paper, "Dismantling Megamos Crypto: Wirelessly Lockpicking a Vehicle Immobilizer," will deliver a presentation at the 22nd USENIX Security Symposium (USENIX Security '13). The High Court of Justice in the United Kingdom recently imposed an injunction prohibiting the authors, their institutions, and anyone who assists them, from publishing key sections of the paper, which was scheduled to appear in the proceedings of the Symposium. The Symposium will take place August 14-16, 2013, in Washington, D.C.

    The academic paper, authored by Flavio Garcia of the University of Birmingham, Verdult of Radboud University Nijmegen, and Baris Ege also of Radboud University Nijmegen, exposes certain weaknesses in Megamos Crypto, the algorithm-based security system used in many luxury cars that unlocks the vehicle by validating an owner's car key. In response to the injunction, the authors withdrew their paper from formal publication in the USENIX Security '13 proceedings. USENIX, as an organization dedicated to providing an unbiased forum for information dissemination, applauds Verdult's decision to speak at the conference despite the paper not being published.

    "USENIX continues its long-standing tradition of offering an unbiased open forum for presenting leading-edge research," said Casey Henderson, Co-Executive Director of the USENIX Association. "We look forward to Roel's talk."

    USENIX will offer for purchase live streaming of the USENIX Security '13 track that features the session including Verdult's presentation. Per USENIX's Open Access Policy, the recording of the video stream will be available for free to the general public following the event.

    Recognizing the importance of the issue at hand, the co-located
    2013 USENIX Hot Topics in Security Summit (HotSec '13) will also feature an interactive discussion on "Balancing Academic Freedom and Responsibility in Security Research." HotSec '13 will take place on August 13, 2013, in Washington, D.C.

    About the USENIX Association
    USENIX is the Advanced Computing Systems Association. For over 35 years, it has been the leading community for engineers, system administrators, scientists, and technicians working on the cutting edge of the computing world. USENIX conferences are the essential meeting grounds for the presentation and discussion of technical advances in all aspects of computing systems. USENIX is the only organization of its kind that supports entirely open access to research. For more information about the USENIX Association and to support our efforts, visit http://www.usenix.org/.


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    SEATTLE, WA--(Marketwired - July 31, 2013) -  Global supercomputer leader Cray Inc. (NASDAQ: CRAY) today announced financial results for the second quarter ended June 30, 2013. Revenue for the quarter was $84.5 million compared to $84.2 million in the prior year period. Cray reported a net loss for the quarter of $0.2 million or $0.00 per share compared to net income of $147.4 million or $3.91 diluted income per share in the second quarter of 2012. Net loss results for the second quarter of 2013 were positively impacted by a $9.3 million tax benefit which resulted from the partial release of the valuation allowance held against Cray's deferred tax assets. The second quarter of 2012 operating results included a $139.1 million pre-tax gain, which resulted from the sale of the Company's interconnect hardware development program to Intel Corporation.

    All figures in this release are based on U.S. GAAP unless otherwise noted. A reconciliation of GAAP measures to non-GAAP measures is included with the financial tables of this press release. Non-GAAP net loss, which adjusts for selected unusual and non-cash items, was $7.0 million or $0.19 per share for the second quarter of 2013, compared to non-GAAP net income of $12.8 million or $0.34 per share for the second quarter of 2012.

    Revenue for the six-month period ended June 30, 2013 was $164.0 million compared with $196.5 million in the prior year period. Non-GAAP net loss for the first six months of 2013 was $15.4 million, compared to non-GAAP net income of $21.8 million for the prior year period.

    Total gross profit margin for the second quarter of 2013 was 32% compared to 41% for the second quarter of 2012. Non-GAAP total gross profit margin for the second quarter of 2013 was 33% compared to 41% for the second quarter of 2012. For the second quarter of 2013, product margin was 24% and service margin was 54%. Product margin for the second quarter of 2013 was negatively impacted in part by higher than anticipated costs on a single, large installation. Without the additional costs associated with this installation, product margin for the quarter would have been 8 percentage points higher, at 32%, and total gross profit margin would have been 6 percentage points higher, at 38%.

    Operating expenses for the second quarter of 2013 were $36.6 million, compared to $22.1 million in the prior year period. Second quarter of 2012 operating expenses benefited from $15 million in R&D co-funding credits related to the Company's DARPA contract, which was completed in 2012. Non-GAAP operating expenses for the second quarter of 2013 were $35.0 million compared to $20.9 million in the prior year period.

    The second quarter of 2013 operating results included $3.5 million for depreciation. Non-cash, pre-tax items excluded for non-GAAP purposes for the second quarter of 2013 were $0.6 million for amortization of acquired and other intangibles, $0.1 million for purchase accounting adjustments, and $1.6 million for stock compensation expense.

    As of June 30, 2013, cash and investments totaled $253 million compared to $251 million as of March 31, 2013. Working capital increased during the second quarter to $285 million compared to $283 million at the end of the first quarter.

    "We had a good second quarter, with continued progress across each of our different product offerings, and we ended the first half of the year ahead of our revenue track," said Peter Ungaro, president and CEO of Cray. "Our supercomputing business continues to be strong, highlighted by several exciting new wins around the world in the last few months, including flagship wins at both the European Centre for Medium-Range Weather Forecasts and the ARCHER project for the UK national supercomputing facility. In big data, we recently launched our Cray Cluster Connect offering, a complete, end-to-end high performance storage solution for any x86 Linux cluster. On the analytics front, we had a number of exciting wins in our YarcData group, signing up new customers across several of our key market segments for our Urika real-time data discovery platform. We're in a strong competitive position right now and I'm really excited about the momentum we've built throughout our business. With an increase to our outlook today, we're anticipating strong revenue growth of more than 20% for the year and solid profitability."

    2013 Outlook
    While a wide range of results remains possible for 2013, we expect revenue to be approximately $520 million for the year. Revenue in the third quarter is expected to be about $90 million. For 2013, total gross profit margin is anticipated to be in the mid-30% range. Total operating expenses for 2013 are expected to be in the range of $160 million. Non-GAAP adjustments to pre-tax earnings are anticipated to be over $10 million in 2013, driven by stock-based compensation and acquisition related expenses. Based on this outlook, we expect to be profitable on a GAAP and non-GAAP basis for 2013.

    Following a partial release of Cray's deferred tax asset valuation allowance in the second quarter of 2013, the Company expects to record an income tax benefit for the year. Based on this outlook, due to Cray's substantial net operating loss carryforwards, the annual income tax provision is expected to be largely non-cash and the effective non-GAAP tax rate is expected to be 7-10%.

    Actual results for any future period are subject to large fluctuations given the nature of Cray's business.

    Recent Highlights

    • In July, Cray won a new $30 million contract to deliver a Cray XC30 supercomputer and a Cray Sonexion storage system for the UK national supercomputing facility at the University of Edinburgh in Scotland, as part of the ARCHER project.
    • In June, Cray was awarded a contract valued at more than $65 million by the European Centre for Medium-Range Weather Forecasts (ECMWF), one of the world's premier numerical weather prediction and research centers, to deliver a Cray XC30 supercomputer and Cray Sonexion storage for their next operational facility. 
    • In June, the Company launched Cray Cluster Connect, a complete Lustre storage solution for x86 clusters across the HPC and big data computing markets. Cray Cluster Connect provides customers with an end-to-end Lustre solution consisting of hardware, networking, software, architecture and support.
    • In May, Cray introduced the Cray XC30-AC supercomputer, the Company's new addition to its series of Cray XC30 systems. The system features all of the advanced high performance technologies offered in the XC30 system with prices starting at $500,000.
    • In the second quarter, Cray announced that the Cray CS300 cluster supercomputers are available with Intel Xeon Phi coprocessors which are optimized to deliver the highest levels of parallel performance to power breakthrough innovations across an array of scientific fields. Also in the second quarter, Cray launched a new turnkey Hadoop offering built on an optimized configuration of the Cray CS300 system.
    • In the second quarter, Cray's YarcData division was awarded multiple new contracts for its Urika system, a big data appliance for real-time data discovery.
    • In the second quarter, Cray's YarcData division was named a 2013 Gartner "Cool Vendor" in Content and Social Analytics. The Gartner report found that gaining insights across multi-structured data is one of the biggest opportunities to derive value from analytics. 

    Conference Call Information
    Cray will host a conference call today, Wednesday, July 31, 2013 at 1:30 p.m. PDT (4:30 p.m. EDT) to discuss its second quarter 2013 financial results. To access the call, please dial into the conference at least 10 minutes prior to the beginning of the call at (855) 894-4205 and enter the access code 24952249. International callers should dial (832) 900-4685. To listen to the audio webcast, go to the Investors section of the Cray website at http://investors.cray.com.

    If you are unable to attend the live conference call, an audio webcast replay will be available in the Investors section of the Cray website for 180 days. A telephonic replay of the call will also be available by dialing (855) 859-2056, international callers dial (404) 537-3406, and entering the access code 24952249. The conference call replay will be available for 48 hours, beginning at 4:30 p.m. PDT on Wednesday, July 31, 2013.

    Use of Non-GAAP Financial Measures
    This press release contains "non-GAAP financial measures" under the rules of the U.S. Securities and Exchange Commission. A reconciliation of GAAP to non-GAAP results is included in the financial tables included in this press release. Management believes that the non-GAAP financial measures provide additional insight for analysts and investors in evaluating Cray's financial and operational performance in the same way that the management evaluates Cray's financial performance. However, these non-GAAP financial measures have limitations as an analytical tool, as they exclude the financial impact of transactions necessary or advisable for the conduct of Cray's business, such as the granting of equity compensation awards, and are not intended to be an alternative to financial measures prepared in accordance with GAAP. Hence, to compensate for these limitations, management does not review these non-GAAP financial metrics in isolation from its GAAP results, nor should investors. Non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles. This non-GAAP information supplements, and is not intended to represent a measure of performance in accordance with, or disclosures, required by generally accepted accounting principles, or GAAP. These measures are adjusted as described in the reconciliation of GAAP to non-GAAP numbers at the end of this release, but these adjustments should not be construed as an inference that all of these adjustments or costs are unusual, infrequent or non-recurring. Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in accordance with GAAP. Investors are advised to carefully review and consider this non-GAAP information as well as the GAAP financial results that are disclosed in Cray's SEC filings.

    About Cray Inc.
    Global supercomputing leader Cray Inc. (NASDAQ: CRAY) provides innovative systems and solutions enabling scientists and engineers in industry, academia and government to meet existing and future simulation and analytics challenges. Leveraging 40 years of experience in developing and servicing the world's most advanced supercomputers, Cray offers a comprehensive portfolio of high performance computing (HPC) systems, storage, and Big Data solutions delivering unrivaled performance, efficiency and scalability. Cray's Adaptive Supercomputing vision is focused on delivering innovative next-generation products that integrate diverse processing technologies into a unified architecture, allowing customers to surpass today's limitations and meeting the market's continued demand for realized performance. Go to www.cray.com for more information.

    Safe Harbor Statement
    This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933, including, but not limited to, statements related to Cray's financial guidance and expected future operating results and its product sales and delivery plans. These statements involve current expectations, forecasts of future events and other statements that are not historical facts. Inaccurate assumptions as well as known and unknown risks and uncertainties can affect the accuracy of forward-looking statements and cause actual results to differ materially from those anticipated by these forward-looking statements. Factors that could affect actual future events or results include, but are not limited to, the risk that Cray does not achieve the operational or financial results that it expects, the risk that Cray is not able to successfully complete its planned product development efforts in a timely fashion or at all, the risk that Cray is not able to realize the expected benefits of the acquisition of Appro and Cray's new Cluster Solutions business, the risk that Cray's Big Data growth initiatives, including storage, are not successful, the risk that Cray will not be able to secure orders for Cray systems to be delivered and accepted in 2013 when or at the levels expected, the risk that the systems ordered by customers are not delivered when expected or do not perform as expected once delivered, the risk that customer acceptances are not received when expected or at all, the risk that Cray is not able to achieve anticipated gross margin or expense levels, and such other risks as identified in Cray's quarterly report on Form 10-Q for the period ended June 30, 2013, and from time to time in other reports filed by Cray with the U.S. Securities and Exchange Commission. You should not rely unduly on these forward-looking statements, which apply only as of the date of this release. Cray undertakes no duty to publicly announce or report revisions to these statements as new information becomes available that may change Cray's expectations.

    Cray is a registered trademark of Cray Inc. in the United States and other countries and Sonexion, YarcData and Urika are trademarks of Cray Inc. Other product and service names mentioned herein are the trademarks of their respective owners.

       
       
    CRAY INC. AND SUBSIDIARIES  
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS  
    (Unaudited and in thousands, except per share data)  
       
        Three Months Ended
    June 30,
        Six Months Ended
    June 30,
     
        2013     2012     2013     2012  
    Revenue:                                
      Product   $ 62,353     $ 68,516     $ 122,221     $ 164,493  
      Service     22,114       15,667       41,793       31,997  
        Total revenue     84,467       84,183       164,014       196,490  
    Cost of revenue:                                
      Cost of product revenue     47,477       39,521       93,047       97,071  
      Cost of service revenue     10,189       10,167       20,017       19,768  
        Total cost of revenue     57,666       49,688       113,064       116,839  
            Gross profit     26,801       34,495       50,950       79,651  
    Operating expenses:                                
      Research and development, net     19,968       6,893       40,194       30,643  
      Sales and marketing     11,550       10,233       22,693       18,106  
      General and administrative     5,085       4,971       10,570       10,101  
        Total operating expenses     36,603       22,097       73,457       58,850  
    Net gain on sale of interconnect hardware development program     --       139,068       --       139,068  
            Income (loss) from operations     (9,802 )     151,466       (22,507 )     159,869  
    Other income (expense), net     145       245       (190 )     465  
    Interest income, net     204       37       580       36  
            Income (loss) before income taxes     (9,453 )     151,748       (22,117 )     160,370  
    Income tax (expense) benefit     9,303       (4,326 )     14,357       (7,984 )
            Net income (loss)   $ (150 )   $ 147,422     $ (7,760 )   $ 152,386  
                                       
          Basic net income (loss) per common share   $ --     $ 4.05     $ (0.21 )   $ 4.24  
          Diluted net income (loss) per common share   $ --     $ 3.91     $ (0.21 )   $ 4.12  
                                           
          Basic weighted average shares outstanding     37,658       36,367       37,497       35,947  
          Diluted weighted average shares outstanding     37,658       37,682       37,497       36,956  
                                     
                                     
                                     
    CRAY INC. AND SUBSIDIARIES  
    CONDENSED CONSOLIDATED BALANCE SHEETS  
    (In thousands, except share data)  
       
        June 30, 2013     December 31,
    2012
     
    ASSETS  
    Current assets:                
        Cash and cash equivalents   $ 149,146     $ 253,065  
        Short-term investments     91,804       52,563  
        Accounts and other receivables, net     25,137       13,440  
        Inventory     126,199       89,796  
        Prepaid expenses and other current assets     17,634       11,823  
          Total current assets     409,920       420,687  
      Long-term investments     12,242       17,577  
      Property and equipment, net     26,990       25,543  
      Service inventory, net     1,524       1,490  
      Goodwill     14,182       14,182  
      Intangible assets other than goodwill, net     6,829       7,981  
      Deferred tax assets     19,664       10,041  
      Other non-current assets     11,418       12,813  
          TOTAL ASSETS   $ 502,769     $ 510,314  
                     
    LIABILITIES AND SHAREHOLDERS' EQUITY  
    Current liabilities:                
        Accounts payable   $ 62,297     $ 34,732  
        Accrued payroll and related expenses     9,162       25,927  
        Other accrued liabilities     4,662       8,616  
        Deferred revenue     48,563       68,060  
          Total current liabilities     124,684       137,335  
      Long-term deferred revenue     37,042       29,254  
      Other non-current liabilities     2,759       3,179  
          TOTAL LIABILITIES     164,485       169,768  
    Shareholders' equity:                
      Common stock and additional paid-in capital     582,093       577,938  
      Accumulated other comprehensive income     6,820       5,181  
      Accumulated deficit     (250,629 )     (242,573 )
          TOTAL SHAREHOLDERS' EQUITY     338,284       340,546  
          TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY   $ 502,769     $ 510,314  
                     
                     
                     
    CRAY INC. AND SUBSIDIARIES  
    Reconciliation of Selected U.S. GAAP Measures to non-GAAP Measures  
    GAAP to non-GAAP Net Income  
    (Unaudited; in millions except per share amounts and percentages)  
       
            Three Months Ended
    June 30,
        Six Months Ended
    June 30,
     
            2013     2012     2013     2012  
    GAAP Net Income (Loss)       $ (0.2 )   $ 147.4     $ (7.8 )   $ 152.4  
                                         
    Non-GAAP adjustments impacting gross profit:                                    
    Share-based compensation   (1)     0.1       0.1       0.2       0.2  
      Purchase accounting adjustments   (2)     0.1       --       1.1       --  
      Amortization of acquired and other intangibles   (2)     0.5       --       1.0       --  
    Total adjustments impacting gross profit         0.7       0.1       2.3       0.2  
                                         
    Non-GAAP gross margin percentage         33 %     41 %     32 %     41 %
                                         
    Non-GAAP adjustments impacting operating expenses:                                    
      Share-based compensation   (1)     1.5       1.2       3.1       2.3  
      Amortization of acquired intangibles   (2)     0.1       --       0.2       --  
    Total adjustments impacting operating expenses         1.6       1.2       3.3       2.3  
                                         
    Gain on sale to Intel   (3)     --       (139.1 )     --       (139.1 )
                                         
    Non-GAAP adjustments impacting tax provision:                                    
      Income tax on reconciling items   (4)     0.2       4.7       0.5       4.6  
      Other items impacting tax provision   (5)     (9.3 )     (1.5 )     (13.7 )     1.4  
    Total adjustments impacting tax provision         (9.1 )     3.2       (13.2 )     6.0  
                                         
    Non-GAAP Net Income (Loss)       $ (7.0 )   $ 12.8     $ (15.4 )   $ 21.8  
                                         
    Non-GAAP Net Income (Loss) per common share       $ (0.19 )   $ 0.34     $ (0.41 )   $ 0.59  
                                         
    Diluted weighted average shares         37.7       37.7       37.5       37.0  
                                         
    Notes
    (1) Adjustments to exclude non-cash expenses related to share-based compensation
    (2) Adjustments to exclude amortization of acquired intangible assets and other acquisition-related charges related to the acquisition of Appro International, Inc.
    (3) Adjustment to exclude gain on divestiture of interconnect hardware development program in Q2 2012
    (4) Tax impact associated with reconciling items at non-GAAP tax rate
    (5) Adjustments to reflect cash tax impact considering benefits principally related to Cray's net operating loss carryforwards and changes in Cray's valuation allowance held against deferred tax assets
       
       
       
    CRAY INC.
    Reconciliation of Selected U.S. GAAP Measures to non-GAAP Measures
    (Unaudited; in millions, except EPS and percentages)
     
          Three months ended June 30, 2013
          Net Loss     Operating Loss     Diluted EPS     Gross Profit   Gross Margin     Operating Expenses
    GAAP     $ (0.2 )   $ (9.8 )   $ --     $ 26.8   32 %   $ 36.6
                                                 
    Share-based compensation (1)     1.6       1.6       0.04       0.1           1.5
    Purchase accounting adjustments (2)     0.1       0.1       --       0.1            
    Amortization of acquired intangibles (2)     0.6       0.6       0.02       0.5           0.1
    Income tax on reconciling items (3)     0.2               0.01                    
    Other items impacting tax provision (4)     (9.3 )             (0.26 )                  
    Total reconciling items     $ (6.8 )   $ 2.3     $ (0.19 )   $ 0.7   1 %   $ 1.6
                                                 
    Non-GAAP     $ (7.0 )   $ (7.5 )   $ (0.19 )   $ 27.5   33 %   $ 35.0
                                                 
          Three months ended June 30, 2012
          Net Income     Operating Income     Diluted EPS     Gross Profit   Gross Margin     Operating Expenses
    GAAP     $ 147.4     $ 151.5     $ 3.91     $ 34.5   41 %   $ 22.1
                                                 
    Share-based compensation (1)     1.3       1.3       0.03       0.1           1.2
    Gain on Intel sale (5)     (139.1 )     (139.1 )     (3.69 )                  
    Income tax on reconciling items (3)     4.7               0.12                    
    Other items impacting tax provision (4)     (1.5 )             (0.03 )                  
    Total reconciling items     $ (134.6 )   $ (137.8 )   $ (3.57 )   $ 0.1   -- %   $ 1.2
                                                 
    Non-GAAP     $ 12.8     $ 13.7     $ 0.34     $ 34.6   41 %   $ 20.9
       
    Notes 
    (1) Adjustments to exclude non-cash expenses related to share-based compensation
    (2) Adjustments to exclude amortization of acquired intangible and other intangible assets and other acquisition-related charges related to the acquisition of Appro International, Inc.
    (3) Tax impact associated with reconciling items at non-GAAP tax rate
    (4) Adjustments to reflect cash tax impact considering benefits principally related to Cray's net operating loss carryforwards and changes in Cray's valuation allowance held against deferred tax assets
    (5) Adjustment to exclude gain on divestiture of interconnect hardware development program in Q2 2012

    0 0

    LEE, MA--(Marketwired - July 31, 2013) - Wave Systems Corp. (NASDAQ: WAVX), the Trusted Computing Company, announced plans to integrate The MITRE Corporation's new timing-based attestation technique into Wave Endpoint Monitor (WEM), the industry's first solution to leverage industry standard hardware to detect and remediate malware that can surreptitiously mount attacks before the operating system loads. MITRE is a not-for-profit organization that provides systems engineering, research and development, and information technology support to the government.

    With this enhancement, Wave will integrate MITRE's technique that doubly verifies that the core BIOS hasn't been corrupted. The BIOS is the first software run by the PC when powered-on and is responsible for initializing hardware and getting the operating system running. It also contains the "core root of trust measurement" (CRTM) software, the first software in the boot trust chain that ends in the assurance that the computer booted safely.

    "MITRE has made a significant contribution to the body of research by identifying a scenario in which malicious code could be introduced to the BIOS that would cause it to provide a false reading and allow the malicious BIOS to indicate the system had not been corrupted," said Dr. Robert Thibadeau, Wave's Chief Scientist. "MITRE's technique offers a second control for determining the CRTM does not lie about itself and any of the rest of the trust chain."

    Dr. Thibadeau added, "While BIOS attacks are still fairly rare today -- less than one percent by many accounts -- they represent a new and dangerous attack vector, and we're bound to see more in future years as the more popular preboot targets are secured by our existing WEM technology."

    The management of CRTM detection will be incorporated in a module for WEM, which Wave expects will be production-ready in early 2014 to meet the expected increase of these attacks. Wave Endpoint Monitor captures verifiable PC health and security by utilizing information stored within the TPM. If anomalies are detected, the attack is controlled, and IT is alerted immediately with real-time analytics.

    MITRE research presented at Black Hat 2013
    MITRE researchers John Butterworth, Corey Kallenberg, and Xeno Kovah presented their research on this vulnerability and technique, "BIOS Chronomancy: Fixing the Core Root of Trust for Measurement," at Black Hat 2013.

    The team's research highlights a vulnerability in which a firmware rootkit tricks an endpoint's Trusted Platform Module (TPM) chip into reporting a clean BIOS firmware, when in fact it has been compromised. MITRE's research shows the importance of using timing-based attestation systems, which can defend against attackers who obtain the same privilege levels as the defender. John Butterworth, a Senior Infosec Engineer at MITRE, adds, "Additional complexities are imposed on an attacker who tries to conceal a rootkit in the presence of timing-based attestation; even concealing the modification of a single byte will trigger a measurable change."

    The team's findings come as vendors work to implement BIOS protection specifications as outlined by the National Institute of Standards and Technology (NIST) special publication 800-155, published in 2011.

    About Wave Systems
    Wave Systems Corp. (NASDAQ: WAVX) reduces the complexity, cost and uncertainty of data protection by starting inside the device. Unlike other vendors who try to secure information by adding layers of software for security, Wave leverages the security capabilities built directly into endpoint computing platforms themselves. Wave has been a foremost expert on this growing trend, leading the way with first-to-market solutions and helping shape standards through its work as a board member for the Trusted Computing Group.

    About The MITRE Corporation
    The MITRE Corporation is a not-for-profit organization that provides systems engineering, research and development, and information technology support to the government. It operates federally funded research and development centers for the Department of Defense, the Federal Aviation Administration, the Internal Revenue Service and Department of Veterans Affairs, the Department of Homeland Security, the Administrative Office of the U.S. Courts, and the Centers for Medicare & Medicaid Services, with principal locations in Bedford, Mass., and McLean, Va.

    Safe Harbor for Forward-Looking Statements
    This press release may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Wave assumes no duty to and does not undertake to update forward-looking statements.

    All brands are the property of their respective owners.


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    BOSTON, MA--(Marketwired - July 31, 2013) - Zoom Telephonics, Inc. ("Zoom") (OTCQB: ZMTP), a leading manufacturer of modems and other communication products, today reported net sales of $3.0 million for the second quarter ended June 30, 2013 ("Q2 2013"), down 21.7% from $3.8 million for the second quarter of 2012. Zoom reported net income of $49 thousand or $0.01 per share for Q2 2013 compared to a net loss of $211 thousand or $0.03 per share for Q2 2012, as Zoom's gross profit increased and overall expenses decreased.

    Gross profit was $1.03 million or 34.5% of net sales in Q2 2013, up from $0.92 million or 24.0% of net sales in Q2 2012. In Q2 2013 Zoom resolved two pricing disputes, one customer and one supplier related, resulting in increased net sales of $53 thousand and increased gross profit of $247 thousand. In addition, Zoom benefitted from improved cost of goods for one of its highest volume cable modems.

    Operating expenses were $0.97 million or 32.3% of net sales in Q2 2013, down from $1.12 million or 29.3% of net sales in Q2 2012. Selling expenses decreased $101 thousand to $400 thousand from Q2 2012 to Q2 2013 due primarily to lower costs for freight and sales commissions. General and administrative expenses increased $55 thousand to $354 thousand from Q2 2012 to Q2 2013 due primarily to increased loan-related expenses and legal fees. Research and development expenses decreased $107 thousand to $214 thousand from Q2 2012 to Q2 2013 due primarily to reduced certification and software consulting costs.

    Zoom's cash balance on June 30, 2013 was $44 thousand, down $152 thousand from December 31, 2012. Zoom's $0.4 million decrease in current liabilities and $0.3 million loss for the first half of 2013 were the main reasons for the decrease in cash. This was partially offset by Zoom's $0.5 million decrease in net inventory. Zoom's current ratio was 2.4 on June 30, 2013. 

    "Q2 2013 showed a number of positives, including positive net income, improved gross margin, lower expenses, and positive sales momentum for our cable modems," said Frank Manning, Zoom's President and CEO. "We hope to continue our cable modem momentum; and we hope to benefit from the fact that our biggest competitor is now owned by Arris, which is branding its cable modems at some major retailers as Arris Motorola rather than Motorola. We plan to continue expansion of our cable modem line and to introduce a new mobile broadband modem/router. Our new line of ZoomGuard™ wireless sensors and controls is still not shipping, but we expect to being shipping in September. Information about ZoomGuard™ is available at www.zoomtel.com/zoomguard1. Zoom's rights offering materials were mailed to our shareholders last week, and we intend to use any proceeds received in August for working capital and to support the development of ZoomGuard." 

    Zoom has scheduled a conference call for Thursday, August 1 at 10:00 a.m. Eastern Time. You may access the conference call by dialing in the U.S. (866) 393-7958 or at (706) 643-5255. The conference ID is 26849052. The call will also be simulcast to stock analysts and other interested parties on Zoom's website, www.zoomtel.com/Q2, and to other financial and investor-oriented websites. Shortly after the conference call, a recording of the call will be available on Zoom's website. For additional information, please contact Investor Relations, Zoom Telephonics, 207 South Street, Boston, MA 02111, telephone (617) 753-0897, email investor@zoomtel.com, or visit Zoom's website at www.zoomtel.com

    About Zoom Telephonics
    Founded in 1977 in Boston, Zoom Telephonics, Inc. designs, produces, markets, and supports modems and other communication products under the Zoom, Hayes®, and Global Village® brands. For more information about Zoom and its products, please see www.zoomtel.com.

    Forward Looking Statements
    This release contains forward-looking information relating to Zoom Telephonics' plans, expectations, and intentions. Actual results may be materially different from expectations as a result of known and unknown risks, including: the potential need for additional funding which Zoom may be unable to obtain; declining demand for certain of Zoom's products; delays, unanticipated costs, interruptions or other uncertainties associated with Zoom's production and shipping; Zoom's reliance on several key outsourcing partners; uncertainty of key customers' plans and orders; Zoom's dependence on key employees; uncertainty of new product development and introduction, including budget overruns, project delays, and the risk that newly introduced products may contain undetected errors or defects or otherwise not perform as anticipated; and other risks set forth in Zoom's filings with the Securities and Exchange Commission. Zoom cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Zoom expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Zoom's expectations or any change in events, conditions or circumstance on which any such statement is based.

     
    ZOOM TELEPHONICS, INC.
    Condensed Balance Sheets
    In thousands
    (Unaudited)
     
          06/30/13       12/31/12  
                         
    ASSETS                    
                         
    Current assets:                    
                         
      Cash     $ 44       $ 196  
      Marketable securities       33         44  
      Accounts receivable, net       1,896         1,966  
      Inventories       2,150         2,630  
      Prepaid expenses and other       247         262  
                           
        Total current assets       4,370         5,098  
                         
    Property and equipment, net       52         26  
                         
        Total assets     $ 4,422       $ 5,124  
                         
    LIABILITIES AND STOCKHOLDERS' EQUITY                    
                         
                         
    Current liabilities:                    
      Bank debt     $ 742       $ 911  
      Accounts payable       771         931  
      Accrued expenses       289         380  
                           
        Total current liabilities       1,802         2,222  
                           
        Total liabilities       1,802         2,222  
                         
    Stockholders' equity:                    
                         
      Common stock and additional paid-in capital       33,995         33,974  
      Accumulated other comprehensive income (loss)       360         368  
      Unrealized gain (loss) on securities       (280 )       (269 )
      Retained earnings (accumulated deficit)       (31,455 )       (31,171 )
                           
        Total stockholders' equity       2,620         2,902  
                           
        Total liabilities & stockholders' equity     $ 4,422       $ 5,124  
     
     
     
    ZOOM TELEPHONICS, INC.
    Condensed Statements of Operations
    In thousands, except for per share data
    (Unaudited)
     
        Three Months Ended   Six Months Ended
        6/30/13     6/30/12     6/30/13     6/30/12  
                                     
    Net sales   $ 2,999     $ 3,831     $ 5,817     $ 7,809  
    Cost of goods sold     1,965       2,911       4,079       5,900  
                                     
      Gross profit     1,034       920       1,738       1,909  
                                     
    Operating expenses:                                
      Selling     400       501       823       1,027  
      General and administrative     354       299       694       614  
      Research and development     214       321       472       582  
        Total operating expenses     968       1,121       1,989       2,223  
                                     
      Operating profit (loss)     66       (201 )     (251 )     (314 )
                                     
    Other income (expense), net     (16 )     (9 )     (32 )     (9 )
                                     
      Income (loss) before income taxes     50       (210 )     (283 )     (323 )
                                     
    Income tax expense (benefit)     1       1       1       2  
                                     
      Net income (loss)   $ 49     $ (211 )   $ (284 )   $ (325 )
                                     
    Earnings (loss) per share:                                
      Basic Earnings (loss) per share   $ 0.01     $ (0.03 )   $ (0.04 )   $ (0.05 )
      Diluted Earnings (loss) per share   $ 0.01     $ (0.03 )   $ (0.04 )   $ (0.05 )
                                     
                                     
    Weighted average number of shares outstanding:                                
                                     
      Basic     6,974       6,974       6,974       6,974  
      Diluted     6,974       6,974       6,974       6,974  
                                     
                                     
                                     

    0 0

    SINGAPORE--(Marketwired - July 31, 2013) - Aurionpro is proud to announce that CKB, a leading Indonesia-based logistics provider focused on the energy industry and a subsidiary of ABM Investama, has successfully gone live with Aurionpro's Supply Chain Management software product suite, SCMProFit. The solution will offer CKB a level of flexibility and scale previously unachievable due the limitations of its legacy SCM software platform. The initial phase of the initiative, focused on deployment of the SCMProFit Warehousing module, has gone live successfully this past month. The next phase of the deployment has already started, and CKB will benefit from SCMProFit's Freight Forwarding, Distribution, Project Logistics, and Shore base Management functionality upon completion. The full solution will support CKB's objective of continuing to scale their business through industry-leading customer support, tailor-made customer offerings, and advanced intelligence through operational dashboards.

    Commenting on the successful initial rollout of SCMProFit, Iman Sjafei, Director, CKB Logistics, remarked, "Upgrading our IT capability is key in order to improve our operations and link up to our customers to serve them better. We are impressed with the Aurionpro team's knowledge and capability to understand our business and assist us to achieve our objectives."

    CKB's legacy SCM solution was functionally limiting and costly to maintain, and significant operational and reporting challenges hindered the growth and efficiencies of the business. CKB selected Aurionpro's platform over two local and one International SCM solution providers based on SCMProFit's ability to manage end-to-end integrated logistics operations most effectively. Aurionpro's local presence, our deep expertise in Indonesian logistics operations, and our proven success across other deployments in Indonesia were also significant factors during the comprehensive software selection process.

    When fully rolled out, the SCMProFit-based solution is expected to enable CKB to comfortably handle the growing volume of customers and transactions, effectively scaling with business demand. The centralized system will manage company-wide operations and will accelerate efficiencies through the platform's alerts, exceptions, and to-do list features while allowing the tracking of P/L costs at the transaction level. Deep insights into business operations and key performance indicators will also be facilitated through SCMProFit's advanced reporting and dashboard features.

    "We are so pleased to be able to work alongside leaders of the logistics industry such as CKB," added Ashish Pujari, President of Aurionpro SCM. "Their vision for scaling their business fits extremely well with SCMProFit's architecture and feature set and I am certainly looking forward to seeing Aurionpro's product suite help CKB transform their logistics operations and achieve their business and growth objectives."

    About Aurionpro
    Aurionpro Solutions (NSE: AURIONPRO) (BSE: 532668) is a publicly traded technology company that helps Fortune 1000 companies to be more efficient through domain-driven software and consulting offerings. Employing more than 1200 individuals across North America, Asia, and Europe, the company has been recognized by Deloitte, Forbes, and the 2011 FinTech 100 as one of the world's fastest growing technology companies. For more information, visit www.aurionpro.com.


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    Source: Rezgo

    North Vancouver, Canada, July 31, 2013 --(PR.com)-- The in-destination tours and activities segment is estimated to be worth more than cruise and more than double the car rental market. Yet, the vast majority of businesses that provide these tours and activities have no access to technology that can help them capitalize on web and mobile commerce. Rezgo, a pioneer in cloud based software for tour and activity businesses, is changing that and proving that travelers will book “things to do” online and on their mobile devices. This past month, the hundreds of businesses that use Rezgo collectively broke the one million customer mark.

    “Tours and activities have always been the ugly duckling of the travel industry,” says Stephen Joyce, Rezgo CEO. “Because it is so fragmented and the businesses tend to be quite small, no one really pays much attention. Serving over one million customers worldwide proves that people will book with small business, if given the chance. It also shows that small businesses can be successful online if provided with the right tools and support.”

    The majority of businesses that use Rezgo are small businesses who offer daily tours, activities, or excursions. Unlike peer to peer services, these are professionals who make their living providing experiences to visitors and locals alike. What is interesting about the one million customers booked through these small businesses, is the data that can be analyzed from all the transactions and how that data can be used to help small businesses improve. For example:

    - Lower priced tours and activities sell better online. 75% of customers booked tours that cost less than $100.

    - Tours that cost $1000 or more per person accounted for less than 1% of total customer bookings suggesting that customers are not ready to book expensive tours from small businesses online.

    - Almost half of all customers booked tours and activities in U.S. destinations. Travelers to Africa account for less than 4% of bookings.

    - Customers are shifting from desktop to mobile devices. Since 2009, there has been a 18% decline in desktop web bookings. Mobile web bookings have increased by the same percentage.

    - Travelers who book “things to do” tend to be last minute. More than half of all customers booked within 7 days of their travel date.

    - Businesses who accept credit card payments get more bookings. Even though PayPal is the preferred payment method for most businesses, over 80% of customers paid for their bookings with a credit card.

    Stephen adds “By looking at a large cross section of customers we can provide tour and activity businesses with valuable insight into what works and what doesn’t. Obviously there are more analytics we can provide now that we have a decent data set. This is information they can’t get anywhere else.”

    Rezgo is expecting strong continued growth as more small businesses take advantage of web and mobile offerings. With more small businesses online, the expectation is that more customers will be booking cool and interesting “things to do” on the web and increasingly, through their mobile devices. The hope, of course, is that those customers will be making those bookings through a Rezgo powered small business.

    Contact Information:
    Rezgo
    Stephen Joyce
    604-983-0083
    Contact via Email
    www.rezgo.com

    Read the full story here: http://www.pr.com/press-release/507231

    Press Release Distributed by PR.com


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    Source: H-I-P (High-Impact-Prospecting, LLC)

    Castleton-on-Hudson, NY, July 31, 2013 --(PR.com)-- Today Bret Smith, Managing Principal of HiP (High-Impact-Prospecting, LLC), announced the agency has just released its four new professional resource libraries for inbound lead generation.

    "While HiP continues to lead with its industry-standard outbound lead generation offers, its clients can now enjoy additional and new outcomes derived from promoting their thought leadership assets in one of HiP's new white paper libraries," said Smith.

    "Representing our focus on specific B2B interests, these new professional resource libraries can now be found @ Marketing Pro's Guide, IT Pro's Guide, IT Security Pro's Guide and Healthcare IT Pro's Guide," states Vicky Carrasco, HiP's Marketing and Communications Manager."

    "White paper syndication is the most effective media purchase among large organisations (78% reporting). These new professional resource libraries get our clients' white papers in the hands of the business professionals they target," adds Smith.

    "This milestone is yet another important indicator of HiP's evolution over the past 4 years from a specialty prospector to a full-service demand generation agency," said Smith. "With the release of these "lead gen libraries," HiP is not only making a major move into the inbound marketing space but also morphing yet again - this time into an agency-publisher."

    HiP (High-Impact-Prospecting, LLC) is a New York-based agency providing agile, single-vendor and high-outcome B2B demand generation services for mostly technology-centric clients. Key differentiators include ownership of its own email service platform, its own virtual call center, a 70+ million-strong contact database, and a tight-knit team of deeply experienced and creative professionals. Its vertically integrated services include outbound content marketing, lead nurture and marketing automation management, integrated email & voice prospecting, social media engagement, trade event enrichment, all forms of content creation, content syndication and more.

    H-I-P also has offices in Mountain View, California; London, UK; Sydney, Australia and digital press/mail fulfillment facilities in Shreveport, Louisiana.

    Contact Information:
    High-Impact-Prospecting, LLC
    Emily Wright
    518-512-0975, ext. 122
    Contact via Email
    http://www.high-impact-prospecting.com/

    Read the full story here: http://www.pr.com/press-release/506875

    Press Release Distributed by PR.com


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    Source: Advanced Test Equipment Rentals

    San Diego, CA, July 31, 2013 --(PR.com)-- Power analysis and energy studies have quickly come into demand for facility managers, electrical engineers and contractors of small companies and major corporate enterprises, sometimes stemming from a recent inflation of the electric bill or the desire to Go Green. Advanced Test Equipment Rentals is helping industrial and facility managers perform energy monitoring studies, which identify cost saving opportunities, with power quality analyzers, to troubleshoot and verify power distribution, monitor phase unbalances, measure and record power system quality, and determine overall electrical power efficiency and compliance. Renting a complete supply of power quality analyzers allows companies to perform extensive energy studies across multiple facilities, simultaneously, immediately and cost effectively.

    Advanced power quality recorders like the Fluke 1750 perform long-term analysis by continuously capturing power distribution and provide the most comprehensive results. The included wireless PDA “front panel interface” provides remote access for setup verification and reviewing recorded information without the need of a laptop, ideal for monitoring multiple facilities together.

    Basic handheld analyzers, such as the Fluke 435 II, measure and quantify energy loss due to harmonics and unbalance issues, allowing the user to pinpoint the origin of energy waste within a system, and the Dranetz PowerXplorer™ PX5 provides a color touch screen to display data on four voltage channels and four current channels simultaneously. Both the Fluke 435 II and Dranetz PowerXplorer PX5 are designed to locate, predict, prevent, and troubleshoot power quality problems, and can perform measurements for 50/60 Hz power frequency systems. They also meet international power quality standards such as IEEE 1159 and IEC 61000-4-30 for accuracy and measurement requirements.

    ATEC also carries the Fluke 437 II and the Dranetz PX5-400 which are used in aerospace, military and defense applications, and other systems operating at 400 Hz. These portable handheld analyzers, for example, can be used in the field to validate or troubleshoot the electrical system within a military submarine, aircraft or other transport applications.

    Advanced Test Equipment Rentals has a vast supply of these and other power analyzers available for any size operation and simple how-to videos are also available on YouTube.

    About Advanced Test Equipment Rentals

    ATEC is a leading high tech equipment rental company that provides complete general and special purpose electronic, electrical, and environmental test equipment solutions for analysis, inspection, measurement, monitoring, simulation, powering, certifying and commissioning of products and electrical infrastructure. We serve an incredibly diverse customer base made up of aerospace, automotive, biomedical, communications, consumer electronics, defense, environmental, engineering, marine, power and energy grid, transportation, and compliance testing companies.

    Celebrating 32 years in business, we are committed to serving our customers with a full range of products from the major suppliers of testing equipment, along with certified lab technicians, expert technical support, and worldwide shipping.

    Order now from the ATEC extensive inventory of equipment, visit us at www.Atecorp.com

    Orders:
    (888) 485-2832
    Rentals@atecorp.com

    Media:
    Richard Russo, (858) 558-6500
    rrusso@atecorp.com

    Contact Information:
    Advanced Test Equipment Rentals
    Richard Russo
    (888) 485-ATEC (2832)
    Contact via Email
    www.atecorp.com

    Read the full story here: http://www.pr.com/press-release/506800

    Press Release Distributed by PR.com


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    MILPITAS, CA--(Marketwired - August 1, 2013) - FireEye®, Inc., the leader in stopping today's new breed of cyber attacks, today released a new report titled, "Hot Knives Through Butter: How Malware Evades Automated File-based Sandboxes," that reveals several techniques used by advanced malware to sidestep signature-based defenses during attacks. Today's sophisticated, polymorphic malware is able to hide, replicate, and disable host protections using a variety of techniques, rendering single-flow, file-based sandbox solutions ineffective.

    "In today's threat landscape, traditional sandboxes no longer offer a silver bullet against sophisticated attackers," said Zheng Bu, senior director of research and co-author of the report. "Malware is increasingly able to determine when it is running in a virtual environment and alter its behavior to avoid detection. Effective detection requires analyzing the context of behavior and correlating disparate phases of an attack through multi-flow analysis -- which is how our researchers identified the malware samples outlined in this paper."

    The FireEye Labs research team leveraged the company's Multi-Vector Virtual Execution (MVX) engine's signature-less, dynamic, real-time detection capability to identify new evasion techniques.

    The FireEye report outlines the methodologies malware authors are using to evade file-based sandboxes, which typically fall into one or more of the following categories:

    • Human Interaction: Malware that involves human interaction lies dormant until it detects signs of human interaction. The UpClicker Trojan discovered by FireEye in December 2012 used mouse clicks to detect human activity, establishing communication with malicious CnC servers only after detecting a click of the left mouse button.
    • Configuration: Sandboxes mimic the physical computers they are protecting, yet they are still configured to a defined set of parameters. Most sandboxes only monitor files for a few minutes before moving on to the next file. Therefore, cybercriminals simply wait out the sandbox and attack after the monitoring process is completed.
    • Environment: Malware often seeks to exploit flaws present only in specific versions of an application. If a predefined configuration within a sandbox lacks a particular combination of operating system and applications, some malware will not execute, evading detection.
    • Classic VMware Evasion Techniques: VMware, a popular virtual-machine tool, is particularly easy to identify because of its distinctive configuration, which proves useful to malware writers. For example, VMWare's distinctive configuration allows malware to check for VMWare services before executing.

    Understanding the techniques malware authors are using to evade detection from file-based sandboxes will allow security professionals to better identify the potential for an Advanced Persistent Threat (APT) attack.

    To download the full report, "Hot Knives Through Butter: Evading Automated File-based Sandboxes," please visit http://www.fireeye.com/resources/pdfs/fireeye-hot-knives-through-butter.pdf

    About FireEye, Inc.

    FireEye® has invented a purpose-built, virtual machine-based security platform that provides real-time threat protection to enterprises and governments worldwide against the next generation of cyber attacks. These highly sophisticated cyber attacks easily circumvent traditional signature-based defenses, such as next-generation firewalls, IPS, anti-virus, and gateways. The FireEye platform provides real-time, dynamic threat protection without the use of signatures to protect an organization across the primary threat vectors, including Web, email, and files and across the different stages of an attack life cycle. The core of the FireEye platform is a virtual execution engine, complemented by dynamic threat intelligence, to identify and block cyber attacks in real time. FireEye has over 1,000 customers across more than 40 countries, including over one-third of the Fortune 100.

    FireEye is a registered trademark of FireEye, Inc. All other brands, products, or service names are or may be trademarks or service marks of their respective owners.


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    LEE, MA--(Marketwired - August 1, 2013) - Wave Systems Corp. (NASDAQ: WAVX), the Trusted Computing Company, announced today it will host a webcast/conference call reviewing its 2013 second quarter results on Thursday August 8th at 4:30 p.m. ET. Wave's results will be issued after the market closes that day.

    WEBCAST/REPLAY: http://www.wave.com/news/webcasts.asp

    TELEPHONE: 415-226-5359 or 212-231-2914

    About Wave Systems (www.wave.com)
    Wave Systems Corp. reduces the complexity, cost and uncertainty of data protection by starting inside the device. Unlike other vendors who try to secure information by adding layers of software for security, Wave leverages the security capabilities built directly into endpoint computing platforms themselves. Wave has been a foremost expert on this growing trend, leading the way with first-to-market solutions and helping shape standards through its work as a board member for the Trusted Computing Group.


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    SAN JOSE, CA--(Marketwired - August 1, 2013) - Quantum Corp. (NYSE: QTM)

    Highlights include:

    • Total revenue of $148 million, up 5% year-over-year
    • Disk systems and software revenue of $31 million, up 2% year-over-year
    • Revenue growth of 23% for midrange DXi appliances and 13% for big data solutions
    • $20 million year-over-year improvement in net income to highest level in six quarters

    Quantum Corp. (NYSE: QTM), a proven global expert in data protection and big data management, today reported results for the first quarter of fiscal 2014 (FQ1'14), ended June 30, 2013. Revenue for the quarter totaled $148 million, up 5 percent from the first quarter of fiscal 2013 (FQ1'13), primarily due to a $15 million one-time royalty payment associated with an intellectual property agreement. Quantum generated revenue of $31 million from disk system and software sales (including related service), a 2 percent increase over FQ1'13 driven mostly by growth of 23 percent in midrange DXi® revenue and 13 percent in big data sales.

    Quantum reported GAAP net income of $3 million, or 1 cent per diluted share, for FQ1'14, compared to a GAAP net loss of $17 million in the same quarter of last year. On a non-GAAP basis, the company had net income of $12 million, or 4 cents per diluted share, up from a net loss of $8 million a year earlier. The year-over-year increases were largely driven by the higher overall revenue.

    "Our June quarter results clearly reflect the benefits of our strong intellectual property portfolio and the actions we've taken to drive growth and profit," said Jon Gacek, president and CEO of Quantum. "With a few exceptions, our revenue performance was generally good and in line with our expectations, and we were particularly pleased by the double-digit growth we generated in midrange DXi and overall StorNext® revenue. We also significantly improved our gross margin rates and operating income, even without the additional royalty revenue resulting from the intellectual property agreement we concluded during the quarter.

    "Moving forward we will maintain our balanced approach of driving revenue growth and spending wisely to generate cash and profit. This will include the continued expansion of our data protection and big data management offerings for physical, virtual and cloud environments, leveraging our technology leadership to help customers store, manage and quickly access their increasingly valuable digital content throughout its lifecycle."

    Quantum generated $9 million in cash from operations in FQ1'14, ending the quarter with $80 million in total cash and cash equivalents.

    Outlook
    For the second quarter of fiscal 2014, Quantum expects:

    • Revenue of approximately $135 million to $140 million.
    • GAAP gross margin rate of approximately 41 to 42 percent and non-GAAP gross margin rate of 42 to 43 percent.
    • GAAP operating expenses of $63 million to $65 million and non-GAAP operating expenses of $58 million to $60 million.
    • Interest expense of $2.5 million and taxes of $500,000.

    Business Highlights
    Key business highlights for the June quarter include the following:

    • Quantum expanded its Lattus™ object storage product line to include a lower-capacity, lower-cost model that extends its value beyond big data archive for large enterprises to smaller organizations with rapidly growing big data archives as well as commercial data center customers seeking a consolidated backup and archive solution. Lattus enables nearline access to archived data in an extremely durable, scalable and cost-effective disk solution that never requires a "forklift" upgrade -- a forever disk archive.
    • The company continued to expand and enhance its virtual data protection technologies, announcing that its vmPRO™ software can now leverage Scalar LTFS tape technology to provide user-accessible, searchable archive capabilities for VMware data. In addition, Quantum introduced DXi V4000, an all-software, all-virtual solution delivering up to 24 TB of usable capacity for deduplication and replication to other DXi appliances and its Q-Cloud service.
    • Quantum announced a partnership with BlackBridge Networks Ltd., a Canadian cloud and colocation company, to provide cloud-based enterprise backup as a service in Canada. BlackBridge Stratus - Powered by Quantum™ enables customers to protect data both locally and in the BlackBridge secure cloud, leveraging Quantum's DXi and vmPRO technologies.
    • Revenue from sales of the company's Scalar i500 tape library surpassed $1 billion. The Scalar i500, which offers best-in-class scalability, reliability, intelligence and management for midrange and enterprise environments, is the highest selling library in Quantum's history. In addition, Quantum's Scalar i6000 was named "Tape Based Product of the Year" at the 2013 Storage Awards: The Storries X.
    • A lab evaluation conducted by industry analyst firm Enterprise Strategy Group affirmed the market-leading performance, scalability and security of Quantum's DXi6800 backup and deduplication appliance as well as the strength of the company's overall data protection portfolio in meeting customers' needs across physical, virtual and cloud environments.
       

    Conference Call and Audio Webcast Notification
    Quantum will hold a conference call today, Aug. 1, 2013, at 2:00 p.m. PDT, to discuss its fiscal first quarter results. Press and industry analysts are invited to attend in listen-only mode. Dial-in number: (480) 629-9867 (U.S. & International). Quantum will provide a live audio webcast of the conference call beginning today, Aug. 1, 2013, at 2:00 p.m. PDT. Site for the webcast and related information: www.quantum.com/investors.

    About Quantum
    Quantum is a proven global expert in data protection and big data management, providing specialized storage solutions for physical, virtual and cloud environments. From small businesses to major enterprises, more than 100,000 customers have trusted Quantum to help maximize the value of their data by protecting and preserving it over its entire lifecycle. With Quantum, customers can Be Certain™ they're able to adapt in a changing world -- keeping more data longer, bridging from today to tomorrow, and reducing costs. See how at www.quantum.com.

    Quantum, the Quantum logo, Be Certain, DXi, Lattus, Scalar, StorNext, vmPRO and BlackBridge Stratus - Powered by Quantum are either registered trademarks or trademarks of Quantum Corporation and its affiliates in the United States and/or other countries. All other trademarks are the property of their respective owners.

    "Safe Harbor" Statement under the U.S. Private Securities Litigation Reform Act of 1995: This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Specifically, without limitation, our statements regarding our go-forward business approaches and priorities, our product and technology expansion plans, expected product features and performance and all of our statements under the "Outlook" section are forward-looking statements within the meaning of the Safe Harbor. All forward-looking statements in this press release are based on information available to Quantum on the date hereof. These statements involve known and unknown risks, uncertainties and other factors that may cause Quantum's actual results to differ materially from those implied by the forward-looking statement. More detailed information about these risk factors, and additional risk factors, are set forth in Quantum's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Risk Factors" in Quantum's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 7, 2013. Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

    Use of Non-GAAP Financial Measures

    Quantum believes that the non-GAAP financial measures disclosed above provide useful and supplemental information to investors regarding its quarterly financial performance. Quantum management uses these non-GAAP financial measures internally to understand, manage and evaluate the company's business results and make operating decisions. For instance, Quantum management often makes decisions regarding staffing, future management priorities and how the company will direct future operating expenses on the basis of non-GAAP financial measures. In addition, compensation of our employees is based in part on the performance of our business based on non-GAAP operating income.

    The non-GAAP financial measures used in this press release exclude the impact of acquisition expenses, amortization of intangibles, restructuring charges and share-based compensation expense for the following reasons:

    Amortization of Intangible Assets
    This includes acquired intangibles such as purchased technology and customer relationships in connection with prior acquisitions. These expenses are not factored into management's evaluation of potential acquisitions or Quantum's performance after completion of the acquisitions because they are not related to Quantum's core operating performance. In addition, the frequency and amount of such charges can vary significantly based on the size and timing of acquisitions and the maturities of the businesses being acquired. Excluding acquisition-related charges from non-GAAP measures provides investors with a basis to compare Quantum against the performance of other companies without the variability caused by purchase accounting.

    Restructuring Charges
    Restructuring charges primarily relate to expenses associated with changes to Quantum's operating structure. Restructuring charges are excluded from non-GAAP financial measures because they are not considered core operating activities. Although Quantum has engaged in various restructuring activities in the past, each has been a discrete event based on a unique set of business objectives. Management believes that it is appropriate to exclude restructuring charges from Quantum's non-GAAP financial measures, as it enhances the ability of investors to compare Quantum's period-over-period operating results from continuing operations.

    Share-Based Compensation Expense
    Share-based compensation expense relates primarily to equity awards such as stock options and restricted stock units. Share-based compensation is a non-cash expense that varies in amount from period to period and is dependent on market forces that are often beyond Quantum's control. As a result, management excludes this item from Quantum's internal operating forecasts and models. Management believes that non-GAAP measures adjusted for share-based compensation provide investors with a basis to measure Quantum's core performance against the performance of other companies without the variability created by share-based compensation as a result of the variety of equity awards used by other companies and the varying methodologies and assumptions used.

    Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. They are limited in value because they exclude charges that have a material impact on the company's reported financial results and, therefore, should not be relied upon as the sole financial measures to evaluate the company. The non-GAAP financial measures are meant to supplement, and be viewed in conjunction with, GAAP financial measures. Investors are encouraged to review the reconciliation of the non-GAAP financial measures to their most directly comparable GAAP financial measures as provided in the tables accompanying this press release.

    Note 1

    In the first quarter of fiscal year 2014, Quantum identified an error related to the accounting for certain allowances for estimated future price adjustments to customers which impacted prior reporting periods. In addition, the company had previously identified errors related to the accrual for sales commissions that also impacted prior reporting periods. While these errors were not material to any previously issued annual or quarterly consolidated financial statements, management concluded that correcting the errors in the current quarter would be material to the current quarter's consolidated financial statements. Quantum will revise its prior period annual and quarterly consolidated financial statements to correct the errors when next presented in future SEC filings.

    In this earnings release, the company has revised the March 31, 2013 Condensed Consolidated Balance Sheet and the Condensed Consolidated Statements of Operations and Cash Flows for the quarter ended June 30, 2012 to record additional accounts receivable allowance for future price adjustments and revised sales commission expense. The net impact of the revision was to reduce the previously reported net loss for the quarter ended June 30, 2012 by $800,000 and increase the previously reported accumulated deficit and stockholders' deficit at March 31, 2013 by $2.2 million.

     
       QUANTUM CORPORATION   
       CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS   
       (In thousands, except per share amounts)   
    (Unaudited)   
     
        Three Months Ended June 30,  
        2013     2012  
                  (Revised) Note 1  
    Revenue:                
      Product   $ 85,969     $ 93,785  
      Service     36,492       36,087  
      Royalty     25,508       10,981  
        Total revenue     147,969       140,853  
    Cost of revenue:                
      Product     58,783       64,750  
      Service     19,231       20,304  
        Total cost of revenue     78,014       85,054  
          Gross margin     69,955       55,799  
                     
      Operating expenses:                
        Research and development     16,694       18,549  
        Sales and marketing     30,158       34,444  
        General and administrative     14,697       16,780  
        Restructuring charges     2,559       --  
            64,108       69,773  
          Income (loss) from operations     5,847       (13,974 )
      Other income and expense     375       (338 )
      Interest expense     (2,439 )     (1,849 )
          Income (loss) before income taxes     3,783       (16,161 )
      Income tax provision     390       499  
          Net income (loss)   $ 3,393     $ (16,660 )
                       
      Basic and diluted net income (loss) per share   $ 0.01     $ (0.07 )
                       
      Weighted average common and common equivalent shares:                
          Basic     243,309       236,628  
          Diluted     245,844       236,628  
                       
                       
                       
      Included in the above Statements of Operations:                
                       
      Amortization of intangibles:                
          Cost of revenue   $ 368     $ 1,362  
          Sales and marketing     1,856       3,256  
            2,224       4,618  
      Share-based compensation:                
          Cost of revenue     528       571  
          Research and development     868       900  
          Sales and marketing     1,074       1,084  
          General and administrative     886       1,732  
          3,356       4,287  
                     
    Note 1 is presented above, before the Condensed Consolidated Statements of Operations. 
     
     
     
    QUANTUM CORPORATION
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (In thousands)
    (Unaudited)
                 
        June 30, 2013     March 31, 2013*  
                  (Revised) Note 1  
    Assets                
    Current assets:                
      Cash and cash equivalents   $ 76,731     $ 68,976  
      Restricted cash     3,104       3,023  
      Accounts receivable     86,967       97,546  
      Manufacturing inventories     51,290       53,075  
      Service parts inventories     31,876       35,368  
      Other current assets     12,760       12,192  
        Total current assets     262,728       270,180  
                     
    Long-term assets:                
      Property and equipment     20,216       21,456  
      Intangible assets     10,589       12,813  
      Goodwill     55,613       55,613  
      Other long-term assets     9,264       9,531  
        Total long-term assets     95,682       99,413  
                     
        $ 358,410     $ 369,593  
                     
    Liabilities and Stockholders' Deficit                
    Current liabilities:                
      Accounts payable   $ 35,274     $ 47,634  
      Accrued warranty     7,015       7,520  
      Deferred revenue, current     88,321       91,108  
      Accrued restructuring charges, current     4,117       3,021  
      Accrued compensation     28,599       30,964  
      Other accrued liabilities     18,842       20,188  
        Total current liabilities     182,168       200,435  
                     
    Long-term liabilities:                
      Deferred revenue, long-term     39,011       38,393  
      Convertible subordinated debt     205,000       205,000  
      Other long-term liabilities     9,540       9,547  
        Total long-term liabilities     253,551       252,940  
                     
      Stockholders' deficit     (77,309 )     (83,782 )
                     
        $ 358,410     $ 369,593  
                     
    * Derived from the March 31, 2013 audited Consolidated Financial Statements. 
    Note 1 is presented above, before the Condensed Consolidated Statements of Operations. 
     
     
     
    QUANTUM CORPORATION
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (In thousands)
    (Unaudited)
     
        Three Months Ended June 30,  
        2013     2012  
              (Revised) Note 1  
                 
    Cash flows from operating activities:                
      Net income (loss)   $ 3,393     $ (16,660 )
        Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities:                
          Depreciation     2,872       3,021  
          Amortization     2,633       4,912  
          Service parts lower of cost or market adjustment     4,028       2,029  
          Deferred income taxes     128       382  
          Share-based compensation     3,356       4,287  
          Changes in assets and liabilities:                
            Accounts receivable     10,579       24,009  
            Manufacturing inventories     337       (4,603 )
            Service parts inventories     913       722  
            Accounts payable     (12,372 )     (8,891 )
            Accrued warranty     (505 )     211  
            Deferred revenue     (2,169 )     (7,351 )
            Accrued restructuring charges     1,026       (484 )
            Accrued compensation     (2,370 )     (1,138 )
            Other assets and liabilities     (2,676 )     (1,555 )
    Net cash provided by (used in) operating activities     9,173       (1,109 )
                     
    Cash flows from investing activities:                
      Purchases of property and equipment     (1,230 )     (3,984 )
      (Increase) decrease in restricted cash     (37 )     109  
      Return of principal from other investments     -       208  
    Net cash used in investing activities     (1,267 )     (3,667 )
                     
    Cash flows from financing activities:                
      Payment of taxes due upon vesting of restricted stock     (203 )     (321 )
      Proceeds from issuance of common stock     60       176  
    Net cash used in financing activities     (143 )     (145 )
                     
    Effect of exchange rate changes on cash and cash equivalents     (8 )     (70 )
                     
    Net increase (decrease) in cash and cash equivalents     7,755       (4,991 )
    Cash and cash equivalents at beginning of period     68,976       51,261  
    Cash and cash equivalents at end of period   $ 76,731     $ 46,270  
     
    Note 1 is presented above, before the Condensed Consolidated Statements of Operations. 
     
     
     
    QUANTUM CORPORATION  
    GAAP TO NON-GAAP RECONCILIATION  
    (In thousands, except per share amounts)  
    (Unaudited)  
                               
        Three Months Ended June 30, 2013  
        Gross Margin   Gross Margin Rate   Net Income     Per Share Net Income, Basic     Per Share Net Income, Diluted  
    GAAP   $ 69,955   47.3%   $ 3,393     $ 0.01     $ 0.01  
    Non-GAAP Reconciling Items:                                  
      Amortization of intangibles     368         2,224                  
      Share-based compensation     528         3,356                  
      Restructuring charges               2,559                  
    Non-GAAP   $ 70,851   47.9%   $ 11,532     $ 0.05     $ 0.04  
                                       
        Computation of basic and diluted net income per share:                     GAAP     Non-GAAP  
          Net income                     $ 3,393     $ 11,532  
            Interest on dilutive convertible notes                       -       1,969  
          Income for purposes of computing income per diluted share                     $ 3,393     $ 13,501  
                                           
        Weighted average shares:                                  
          Basic                       243,309       243,309  
            Dilutive shares from stock plans                       2,535       2,535  
            Dilutive shares from convertible notes                       -       73,660  
          Diluted                       245,844       319,504  
                                       
                                       
        Three Months Ended June 30, 2012 (Revised) Note 1  
        Gross Margin   Gross Margin Rate   Net Loss     Per Share Net Loss, Basic     Per Share Net Loss, Diluted  
    GAAP   $ 55,799   39.6%   $ (16,660 )   $ (0.07 )   $ (0.07 )
    Non-GAAP Reconciling Items:                                  
      Amortization of intangibles     1,362         4,618                  
      Share-based compensation     571         4,287                  
    Non-GAAP   $ 57,732   41.0%   $ (7,755 )   $ (0.03 )   $ (0.03 )
                                       
        Computation of basic and diluted net loss per share:                     GAAP     Non-GAAP  
          Net loss                     $ (16,660 )   $ (7,755 )
            Interest on dilutive convertible notes                       -       -  
          Loss for purposes of computing loss per diluted share                     $ (16,660 )   $ (7,755 )
                                           
        Weighted average shares:                                  
          Basic                       236,628       236,628  
            Dilutive shares from stock plans                       -       -  
            Dilutive shares from convertible notes                       -       -  
          Diluted                       236,628       236,628  
     
    Note 1 is presented above, before the Condensed Consolidated Statements of Operations.
     
     
    The non-GAAP financial information set forth in this table is not prepared in accordance with generally accepted accounting principles and may be different from non-GAAP financial information used by other companies.
     
     
     
    QUANTUM CORPORATION
    FORECAST SECOND QUARTER FISCAL 2014
    GAAP TO NON-GAAP RECONCILIATION
    (Dollars in millions)
         
        Percentage range
         
    Forecast second quarter gross margin rate on a GAAP basis   41.2% - 42.3%
         
    Forecast amortization of intangibles   0.3%
    Forecast share-based compensation   0.4% - 0.5%
         
    Forecast second quarter gross margin rate on a non-GAAP basis   42.0% - 43.0%
         
         
        Dollar range
         
    Forecast second quarter operating expense on a GAAP basis   $ 63.0 - $ 65.0
         
    Forecast amortization of intangibles   1.9
    Forecast share-based compensation   3.1
         
    Forecast second quarter operating expense on a non-GAAP basis   $ 58.0 - $ 60.0
     
    Estimates based on current (August 1, 2013) projections.   
     
    The projected GAAP and non-GAAP financial information set forth in this table represent forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For risk factors that could impact these projections, see our Annual Report on Form 10-K as filed with the SEC on June 7, 2013. We disclaim any obligation to update information in any forward-looking statement.
     
    The non-GAAP financial information set forth in this table is not prepared in accordance with generally accepted accounting principles and may be different from non-GAAP financial information used by other companies.
     

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    LAS VEGAS, NV--(Marketwired - August 1, 2013) - PSIGEN Software, Inc., the leader in advanced document capture and scanning solutions, has reported record earnings for their 2012-2013 fiscal year which ended in June, showing 26% growth. Growth has come from a strong expanding domestic market, and significant growth in Europe and the Asia Pacific Region.

    "We continue to build a strong foundation for future growth," said Bruce Hensley, President of PSIGEN. "Our strong worldwide partner base has been seeing great success in all vertical markets.

    "We continue to evolve our product to market demand, and our engineering team is working on building the future of capture. With the release of PSI:Fusion, our web-based capture application, we expect very strong growth this fiscal year and beyond."

    PSIGEN will be releasing new products this quarter, as well as enhancing their flagship enterprise product PSI:Capture with the release of version 5.0 in the late fall.

    About PSIGEN
    PSIGEN Software is the innovative leader in advanced document capture and document scanning software. Since 1995, PSIGEN has provided software to improve all the processes around the conversion of paper to digital documents. The solutions focus on cost reduction, flexibility, standardization, and improved efficiency. PSIGEN delivers these solutions through a network of resellers and distributors in the US and abroad. For more information, visit www.psigen.com.

    "PSIGEN" is a registered trademark in the US, the EU and other countries. All other trademarks and registered trademarks belong to their respective owners.


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    PALO ALTO, CA--(Marketwired - August 1, 2013) - VMware, Inc. (NYSE: VMW), the global leader in virtualization and cloud infrastructure, today announced that Raghu Raghuram, VMware's Executive Vice President, Cloud Infrastructure and Management, will present as a keynote speaker at the Oppenheimer Annual Technology, Internet and Communications Conference in Boston, MA on Wednesday, August 14th, 2013 at 8:15 a.m. PT/11:15 a.m. ET.

    A live webcast will be available on VMware's Investor Relations page at http://ir.vmware.com. The replay of the webcast will be available for two months. 

    About VMware

    VMware is the leader in virtualization and cloud infrastructure solutions that enable businesses to thrive in the Cloud Era. Customers rely on VMware to help them transform the way they build, deliver and consume Information Technology resources in a manner that is evolutionary and based on their specific needs. With 2012 revenues of $4.61 billion, VMware has more than 500,000 customers and 55,000 partners. The company is headquartered in Silicon Valley with offices throughout the world and can be found online at www.vmware.com.

    VMware is a registered trademark of VMware, Inc. in the United States and other jurisdictions. All other marks and names mentioned herein may be trademarks of their respective organizations. The use of the word "partner" or "partnership" does not imply a legal partnership relationship between VMware and any other company.


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    CUPERTINO, CA--(Marketwired - August 1, 2013) - It's only morning, and you've sent emails and texts, swapped photos, played games and watched videos with your Android smartphone. You realize you're running late and rush out the door. You start the car, or hop on public transportation. You glance at your smartphone and see that the battery icon is running low on power -- you've forgotten to charge it, again.

    If you're tired of constantly running low on battery and having to recharge your phone, this may be a sign that your phone battery needs some TLC. Batteries literally give life to your mobile device, and the key to smartphone life lies in battery health. So, fret no more. Below you'll find an easy-to-understand guide to help you charge up the health of your batteries so you can have more power, more fun.

    Here are five tips for better battery health:

    1. Keep Cool in Summer Heat: We take our phones and tablets with us everywhere we go. And for most of us, warm summer weather means more time outside. But heat is the #1 enemy of batteries, so whether you are in the car, indoors, or on the go, make sure your Android device is out of direct sunlight and away from heat. Even keeping your phone plugged in overnight, or leaving it in your pocket can increase temperatures that dramatically shorten battery life. 

    2. Watch for Bumps and Bruises: Smartphone batteries are more like bags than boxes. They are quite fragile! Dropped, shaken and tossed around, our phones take a lot of abuse. But everyday accidents like these can damage the components inside, including the battery. So if your phone gets knocked about, take a moment to pop off the cover and inspect your battery for any dents or scratches. Physical damage to the battery not only shortens battery life, it can also become a safety hazard causing your smart battery to catch on fire.

    3. Unplug at 100%: Unless you own a smart charger that shuts off when the battery is full, you should avoid leaving your device plugged in. This can cause heat and pressure inside the battery to build up, which damages the inner structures.

    4. Do a Monthly "Healthy" Charge: The ideal charging scenario is to plug in when your battery is at about 40% and unplug at 80%. But once a month, let your smartphone or tablet battery drain below 20%, then give it a healthy charge by 'refueling' it up to 100%. This is because new "smart batteries" need to occasionally re-calibrate themselves to function properly and deliver accurate estimates of remaining time.

    5. Install a Trusted Battery Saving App: You may also have learned that you can prolong battery life by adjusting your phone settings, screen brightness, turning Bluetooth, WiFi and radio features on and off, monitoring CPU usage and shutting off unused apps. You can manually do all of this, but if you'd rather have these cumbersome tasks automatically done for you, consider downloading the popular Du Battery Saver app to manage battery life, including when to do a healthy charge. On Android devices, Du Battery Saver extends battery life by more than 50% and automatically adjusts settings and manages battery usage so you don't need to.

    Our phones are our lifeline to our loved ones, work and the world. This is why battery life needs to be able to keep up with non-stop usage of apps, video streaming, email and browsing and our 24/7 lifestyles. Fortunately, there are simple things we can do to ensure that we not only get the most life out of our batteries today, but also help keep them healthy and working great for as long as possible.

    Du Battery Saver 3 can be downloaded for free on Google Play: https://play.google.com/store/apps/details?id=com.dianxinos.dxbs


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    MOUNTAIN VIEW, CA--(Marketwired - August 1, 2013) - Pure Storage, the all-flash enterprise storage array company, today announced its first user conference, Pure EVOLVE, will take place on August 29th at the St. Regis Hotel in downtown San Francisco, immediately following the close of VMworld. Uniting customers, partners and industry influencers, the half-day event will offer interactive workshops, customer-to-customer best practices and industry outlook and product roadmap discussions in a collaborative forum. Attendees will have unprecedented access to Pure Storage executives and engineers, to their offer direct feedback and input on the evolution of the Pure Storage FlashArray and to learn more about how to evolve their businesses with flash.

    George Crump, president and founder of Storage Switzerland and GigaOM Research analyst, will deliver the event's keynote address on the evolution and state of the enterprise storage industry.

    "The next step in flash storage's evolution is widespread adoption in the mainstream. To achieve this, vendors competing in the space need to move beyond the obvious performance advantages of flash, and start discussing how flash performance combined with enterprise features and availability will transform the data center," said Crump. "Pure Storage has taken a smart approach to addressing these challenges, focusing on making their solution well suited to a variety of enterprise workloads and applications, which is also necessary to ensure the proliferation of flash in the mainstream. It's an honor to be joining their inaugural Pure EVOLVE event as a keynote speaker. I look forward to engaging with the company's customers and partners, and to hearing how they are leveraging flash to optimize their datacenters and advance their businesses."

    Pure EVOLVE 2013 Program Overview

    • Enterprise Storage, EVOLVED: Hear from Pure Storage executives and special guest, veteran storage analyst George Crump, on the evolution of the flash storage industry in an interactive forum.
    • End-user Case Study Presentations: Interact with Pure Storage customers and hear about how they've evolved their businesses and transformed their data centers with flash. Get real world advice and learn best practices for accelerating your own flash deployment. Confirmed speakers include:
      • Paylocity VP of IT Brian Palmer and Director of IT Ed Fortune will describe their journey to an all-flash data center.
      • Riverview Hospital Enterprise Architect Jason Pearce will discuss how his company made the move to host patient data and VDI on flash.
      • A Global Financial Services Company will share its journey in super-charging analytics with all-flash storage.
      • A Leading Enterprise SaaS Company will reveal how it accelerated their core business by 5x with flash.
    • Ask the Engineers: FlashArray Manageability Breakout Session: Meet Pure Storage's design and engineering teams for interactive discussion and deep dive into FlashArray's graphical user interface, CLI, and manageability strategy.
    • EXCLUSIVE: FlashArray Roadmap Preview: Learn what's new and coming in the pipeline for FlashArray and the Purity Operating Environment, while providing feedback that will help to shape Pure Storage's product roadmap. (Note: NDA is required to participate.)
    • Pure Fun: Mix and mingle with event attendees and the Pure Storage team over appetizers and libations.

    "Pure Storage was founded with a vision to deliver a fundamentally better storage experience for businesses -- regardless of their size or budget, and a solution that could indelibly transform the enterprise storage industry. To realize that goal, it is essential that we listen carefully to the experiences, feedback and ideas of our customers, partners, and the greater storage ecosystem," said Scott Dietzen, CEO at Pure Storage. "We developed Pure EVOLVE to offer an open, collaborative forum for them to have a voice in the development of FlashArray and to demonstrate how flash is democratizing and revolutionizing the enterprise datacenter. We are excited to see what we can accomplish together, furthering our vision to deliver 'Flash for All.'"

    Registration Information
    Pure EVOLVE is open to current and prospective customers and partners of Pure Storage, as well as industry press and analysts (credentials required). Space is limited, so interested parties are encouraged to reserve their spot today.

    To learn more, or to register to attend, visit: http://info.purestorage.com/evolve-2013-registration.html

    About Pure Storage
    Pure Storage, the all-flash enterprise storage company, enables the broad deployment of flash in the data center. Compared to traditional disk-centric arrays, Pure Storage all-flash enterprise arrays are 10x faster and 10x more space and power efficient, at a price point that is less than performance disk per gigabyte stored. The Pure Storage FlashArray is ideal for high performance workloads, including server virtualization, desktop virtualization (VDI), database (OLTP, real-time analytics) and cloud computing. For more information, visit www.purestorage.com.

    Connect with Pure Storage:
    Read our blog: http://www.purestorage.com/blog
    Follow us Twitter: www.twitter.com/PureStorage
    Visit us on Facebook: www.facebook.com/PureStorage
    Watch our videos: I Want Flash, All Night Long http://www.youtube.com/watch?v=kxpNNWBSCOg;
    You Know You Want Flash, Right? http://www.youtube.com/watch?v=-lhKQrweaFw

    The Pure Storage and "P" logo marks, Purity Operating Environment, and RAID-3D are trademarks of Pure Storage, Inc. All other trademarks or names referenced in this document are the property of their respective owners.


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    SANTA CLARA, CA--(Marketwired - August 1, 2013) - AccelOps, Inc., the leader in integrated Security Information and Event Management (SIEM), performance and availability monitoring software for on-premise and cloud-based data centers, achieved more than 70 percent year-over-year revenue growth in the third quarter ended June 30, 2013. New customer acquisitions, renewals and network expansions across all sectors contributed to growth.

    Continued momentum with new Managed Service Providers (MSPs) underscored AccelOps' strength as a platform on which consultants, solution providers and MSPs build value-added services for customers.

    "It's been another great quarter for AccelOps," said Flint Brenton, president and CEO of AccelOps. "We appreciate the confidence that our customers put in us as they replace sizable implementations of complex, legacy SIEM and monitoring tools in favor of AccelOps' cross-domain monitoring and real-time operational analytics. Our growing network of MSP partners is also opening up new opportunities, particularly with small and medium companies who can benefit from these partners' trained eyes and expertise, in addition to advanced monitoring."

    AccelOps delivers the industry's only integrated software platform to monitor security, performance and availability across all aspects of the IT infrastructure, whether on-premise or in the cloud. Based on patented distributed real-time analytics technology, AccelOps automatically analyzes and makes sense of behavior patterns spanning servers, storage, networks, security, users and applications to rapidly detect and resolve problems. AccelOps works across traditional data centers as well as public, private and hybrid clouds.

    Unlike traditional single-purpose tools designed for standalone enterprises, AccelOps provides MSPs with native multi-tenancy and has been designed for scalable deployment as a virtual appliance. AccelOps can be deployed natively within a public cloud infrastructure, making it possible for consultants and solution providers to offer managed services without investing in bricks and mortar.

    "At Referentia, we have expanded our cybersecurity business by offering managed security and network services without undertaking unnecessary capital expenditure and risk by building our services on AccelOps' software hosted entirely in Amazon's Elastic Compute Cloud," said Anthony Giandomenico, Director of Solutions at Referentia. "Our customers are trying to be more efficient with their IT budgets and don't have the expertise or enough full-time staff, so it makes sense to access SIEM and monitoring as a service."

    More information about AccelOps is available at www.accelops.com.

    About AccelOps

    AccelOps provides a new generation of integrated security, performance and availability monitoring software for today's dynamic, virtualized data centers. Based on patented distributed real-time analytics technology, AccelOps automatically analyzes and makes sense of behavior patterns spanning servers, storage, networks, security, users, and applications to rapidly detect and resolve problems. AccelOps works across traditional data centers as well as private and hybrid clouds. The software-only application runs on a VMware ESX or ESXi virtual appliance and scales seamlessly by adding additional VMs to a cluster. Its unmatched delivery of real-time, proactive security and operational intelligence allows organizations to be more responsive and competitive as they expand the IT capabilities that underpin their business. For more information, visit www.accelops.com.

    AccelOps and the AccelOps logo are trademarks of AccelOps, Inc., a privately held Delaware corporation. Other names mentioned may be trademarks and properties of their respective owners.


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