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Enerplus Keeps September Dividend Steady

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Canadian oil and gas producer Enerplus announced yesterday its September monthly dividend of Canadian $0.09 per share, which is equivalent to U.S. $0.09 per share at an exchange rate of 0.9510.

The board of directors said the dividend is payable on September 20 to holders of record at the close of business on September 5. The dividend is considered an "eligible dividend" for Canadian tax purposes and a "qualified dividend" for U.S. tax purposes.

Enerplus' dividends are paid from the cash flow generated from the sale of its oil and natural gas production and paid to shareholders of record on the fifth day of the month. Dividends have been paid to Canadian shareholders since 1990 while they've been paid to U.S. shareholders since 2001.


The regular dividend payment equates to a $1.08-per-share annual dividend, yielding 6.6% based on the closing price today of Enerplus' stock.

ERF Dividend Chart

ERF Dividend data by YCharts.

The article Enerplus Keeps September Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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Banks Lead Dow's Tumble

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Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.

With military action against Syria looking increasingly likely, the Dow Jones Industrial Average stumbled again today, falling 170 points, or 1.1%. The S&P 500 and Nasdaq fared even worse, sliding 1.6% and 2.2%, respectively, giving the S&P its worst day since June, and Wall Street's favorite volatility measurement, the VIX, jumped 12%.

Today, a coalition of countries opposing Syrian President Bashar Al-Assad met in Istanbul, where sources said, "Action to deter further use of chemical weapons could come as early as the next few days." The saber-rattling has made investors nervous not only for its effects on Syria but also the surrounding political volatile region, which is home to some of the world's biggest oil reserves. Oil prices briefly topped $107 a barrel today before falling back to $105.


Back at home, the economic news was more encouraging. The Conference Board said August consumer confidence came in at 81.5, ahead of estimates of 77.0 and slightly up from July's rating at 81.0. With the Dow down 5% this month, the report is a reminder that investor perception is not necessarily directly correlated to the economy's overall performance or consumer spending. The Case-Shiller 20-City Index also showed home prices jumping 12.1% in June, but that news may be irrelevant as more recent signs have shown home-buying slowing down as mortgage rates come up. Tomorrow's pending home sales report should give a clearer picture of the housing market's current status.

On the big board, nearly every blue chip fell and none gained more than 0.1%. Bank of America was the biggest loser, dropping 2.6% on macroeconomic concerns stemming from the military strike and also as a judge rejected B of A's request to dismiss a case accusing it of fraud in the sale of toxic mortgage assets in the buildup to the financial crisis. The move clears the way for the case to begin trial on September 23.

The Dow's other banking giant, JPMorgan Chase , didn't fare much better, falling 2.3%, as it also found itself the subject of new federal scrutiny. The Federal Housing Finance Agency is demanding the bank pay $6 billion to settle allegations that it fraudulently sold $33 billion in mortgage bonds to Freddie Mac and Fannie Mae. JPMorgan is fighting the suit, but experts expect the final payment to be in the billions of dollars. Both JPMorgan and Bank of America have faced an onslaught of legal action in recent weeks over misdeeds that helped bring on the financial crisis.

Microsoft shares were off sharply for the second day in a row, down 2.6%. Today's drop didn't seem to come on any company-specific news, just the simple realization that CEO Steve Ballmer's exit doesn't actually help the company solve any of its problems. Investors cheered the outgoing CEO's retirement announcement last Friday, bidding shares up 7%, but the software maker now must deal with the issue of replacing its CEO along with playing catch-up in areas such as mobile and cloud, where it has fallen behind the likes of Apple and Google.

You may be nervous about the lawsuits against the big banks, but that downward pressure means bargains of a lifetime are still available in financial stocks. However,  it's critical to understand what makes the best banks tick. The Motley Fool's new report "Finding the Next Bank Stock Home Run" demystifies the perils of investing in banks and reveals how savvy investors can win. It's completely free -- click here to get started.

The article Banks Lead Dow's Tumble originally appeared on Fool.com.

Fool contributor Jeremy Bowman has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Bank of America. It also owns shares of JPMorgan Chase and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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How Apple Will Defend Its Margins

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With the release of the next wave of Apple iPhones growing ever-closer, it seems a near certainty that Cupertino will be releasing two models: the iPhone 5S and the iPhone 5C. So confident have the pundits and prognosticators become that a recent Financial Times article details the release of the two handsets as fact. Investors are concerned that rolling out a lower-cost device will seriously cut into Apple's margins. The concern is not without merit, but I think there are two real ways that the company will defend its margins: improving product mix, or by making margins significantly less important.

A quick look at the iPhone 5C
While the existence of the iPhone 5C is not even officially confirmed, FT's Tim Bradshaw offered some possibilities. Essentially, Apple is targeting a lower-cost device, available in multiple colors, that doesn't degrade the cool factor, demonstrates Cook's leadership style, and will allow Apple to achieve better market penetration in China. What this has to do with margins is that if the strategy is successful, which I believe is likely, then Apple will sell a lot of iPhone 5Cs. Selling a large number of units is a cornerstone of the first line of defense for Apple's margin.

Improving product mix
In June, Morgan Stanley's Kathy Huberty release a research note defending the idea that a cheaper iPhone could actually help Apple's margins. Her thesis was very straightforward: The margins on iPhones (even a cheaper one) are better than Apple's margins on its other products, and if the company can significantly increase the number of units it sells, the product mix shifts favorably and the company's overall margin can actually improve. While the idea has a bit of "that's just so crazy it might work," her numbers are both reasonable and compelling. By upping the overall sales figures for iPhones, Apple could see a small improvement in margins, and see revenues soar.


Why it doesn't really matter
Even if Huberty's calculations prove to be somewhat off, there is a very real argument that Apple's margins are not what matters this quarter. Much ado was made when Samsung made more money selling handsets in the second quarter than Apple -- Sammy made $5.2 billion against Apple's $4.6 billion, according to Strategy Analytics. Likewise, IDC recently announced that Google Android has increased its market share to 79.3% globally over Apple's 13.2%. What these two statistics fail to encompass is that Apple makes a profit both from selling handsets and from its operating system. Additionally, as IDC's Ramon Llamas notes, "The iOS decline in the second quarter aligns with the cyclicality of iPhone."

With the release of two new models, investors should expect to see sales spike, revenue follow, and the overall profitability of the company improve. The undisputed saturation of smartphones in developed markets will inevitably put pressure on margins. While this statistic has merit, its decline is not catastrophic. I expect Apple to put up a few solid quarters on the release of the new devices and heading into the holidays. That gives Apple some breathing room to release the next "wow" product before investors should feel concerned. Whether the new product segment comes from the iWatch, an iTV, or something yet unimagined, Apple has a little time to dazzle us with its innovations. If investors haven't seen something new by next summer roll around, then I might get concerned.

The debut of the new iPhones is a reminder to investors: Apple has a history of cranking out revolutionary products... and then creatively destroying them with something better. Read about the future of Apple in the free report, "Apple Will Destroy Its Greatest Product." Can Apple really disrupt its own iPhones and iPads? Find out by clicking here.

The article How Apple Will Defend Its Margins originally appeared on Fool.com.

Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool recommends Apple and Google. The Motley Fool owns shares of Apple and Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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Jack Henry Keeps Dividend Steady

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Financial services technology specialist Jack Henry Associates announced yesterday its third-quarter dividend of $0.20 per share, the same rate it paid last quarter after raising the payout 53% from $0.13 per share.

The board of directors said the quarterly dividend is payable on September 27 to holders of record at the close of business on September 6. The computer systems and electronic payments systems provider has made quarterly payouts to investors since 1990.

The regular dividend payment equates to a $0.80-per-share annual dividend, yielding 1.6% based on the closing price today of Jack Henry's stock.


JKHY Dividend Chart

JKHY Dividend data by YCharts.

The article Jack Henry Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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Westlake Chemical Hikes Dividend 20%

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Specialty chemicals maker Westlake Chemical announced yesterday its third-quarter dividend of $0.225 per share, a 20% increase from the payout it made to investors last quarter of $0.1875 per share.

The board of directors said the quarterly dividend is payable on September 25 to the holders of record at the close of business on September 10. Westlake declared a special dividend of $3.75 per share that was paid to investors last November.

The regular dividend payment equates to a $0.80-per-share annual dividend, yielding 0.8% based on the closing price today of Westlake Chemical's stock.


WLK Dividend Chart

WLK Dividend data by YCharts. Chart reflects special dividend paid in November 2012.

The article Westlake Chemical Hikes Dividend 20% originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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Facebook's New Shared Photo Albums and Why They Matter

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Every day, hundreds of millions of photos are uploaded to Facebook , according to a recent statement from the company to Huffington Post.

Have you ever thought about how this might impact those doing the uploading? Certainly, years of uploading photos to Facebook would make leaving the social network difficult -- especially since they likely spent hours tagging friends and friends spent hours tagging them. People would certainly think twice before they got up and switched to another platform.

Sure, there are ways to transfer photos from Facebook to sites like Google Plus. CNET author Sharon Vaknin described one process that could take anywhere from several hours to days. But what about transferring all those tags, comments, and likes? Transferring those won't be very easy.


Photo sharing, of course, is just one aspect of Facebook's network effect, but it's an important one. The company's acquisition of Instagram shows exactly how important Facebook feels photos are to its future.

Now, with the addition of shared photo albums, Facebook just made the company's network effect even stronger.

Facebook's shared photo albums
On Monday, Mashable reported that Facebook is rolling out shared photo albums. The feature allows up to 50 contributors who can each share up to 200 photos to a shared album -- that's 10,000 photos total.


Source: Mashable.

This new feature allows albums to cover far more ground than they could before, with limitations to just one contributor and 1,000 photos per album.

The technology certainly isn't new. Google Plus has a similar feature that allows guests at an event to upload and instantly share photos taken at the event in one collective album. But Facebook has more than 1 billion monthly active users and about 700 million daily active users to begin to put this feature to work.

According to Mashable, "The new feature was built during one of Facebook's companywide hackathon sessions, a time where employees set regular work aside and dream up new prototypes for the platform."

Why investors should care
This hackathon certainly produced some lasting value for the company: 10,000 photos shared by 50 contributors with tags, comments, and likes will undoubtedly increase switching costs for Facebook's users.

When it's all said and done, Facebook's lofty valuation is about future expectations. In order for the company to live up to this valuation, it's going to need to endure the test of time. That's why I'm always on the lookout for new Facebook features that strengthen its network effect. And shared photo albums do just that.

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The article Facebook's New Shared Photo Albums and Why They Matter originally appeared on Fool.com.

Fool contributor Daniel Sparks has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Facebook. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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Superior Industries Hikes Dividend 12.5%

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Auto parts supplier Superior Industries International  announced yesterday its third-quarter dividend of $0.18 per share, a 12.5% increase from the payout it made to investors last quarter of $0.16 per share.

The board of directors said the quarterly dividend is payable on October 18 to holders of record at the close of business on September 27. Superior's second-quarter dividend was distributed as part of an accelerated dividend payment schedule that totaled $0.64 per share. The accelerated payment was made on December 28 to shareholders of record as of December 21 and was accelerated due to uncertainties about dividend tax rate changes. Superior expects to declare the full $0.18-per-share dividend sometime during the fourth quarter of 2013. The fourth-quarter dividend typically is paid during January of the following year.

Noting that over the past decade Superior Industries International has distributed almost $180 million to its shareholders via dividends and reflected the company's strong financial position, Chairman, CEO, and President Steven J. Borick said, "We are particularly pleased to be increasing our cash dividend during a time when we also are investing in our manufacturing facilities, including the construction of a new facility in Mexico, to further enhance operating efficiencies and expand capacity."


The regular dividend payment equates to a $0.72-per-share annual dividend, yielding 4.1% based on the closing price today of Superior Industries' stock.

SUP Dividend Chart

SUP Dividend data by YCharts. Chart reflects accelerated dividend payments.

The article Superior Industries Hikes Dividend 12.5% originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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CONMED Keeps Dividend Steady

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Medical technology specialist CONMED announced today its third-quarter dividend of $0.15 per share, the same rate it's paid since it started paying a dividend last year.

The board of directors said the quarterly dividend is payable on October 4 to holders of record at the close of business on September 16. The regular dividend payment equates to a $0.60-per-share annual dividend, yielding 1.9% based on the closing price today of CONMED's stock.

CNMD Dividend Chart


CNMD Dividend data by YCharts.

The article CONMED Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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Bon-Ton Keeps Dividend Steady

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Fashion retailer Bon-Ton Stores announced today its third-quarter dividend of $0.05 per share on its common stock and its Class A shares, the same rate it's paid for the past six years.

The board of directors said the quarterly dividend is payable on November 4 to holders of record at the close of business on October 18. The regular dividend payment equates to a $0.20-per-share annual dividend, yielding 1.8% based on the closing price today of Bon-Ton Stores' stock.

BONT Dividend Chart


BONT Dividend data by YCharts.

The article Bon-Ton Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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Pentagon Awards Massive $7 Billion Solar Power Contract

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On Tuesday, the U.S. Department of Defense announced a total of 22 new defense contracts worth a combined $7.59 billion. Notwithstanding the large headline number, one single contract accounted for 92% of the funds on offer.

This contract, a massive $7 billion deal to supply solar energy "from renewable and alternative energy production facilities that are designed, financed, constructed, operated and maintained by private sector entities," involves some 22 separate companies. Taking the form of a multiple-vendor, indefinite-delivery/indefinite-quantity, firm-fixed-price, non-option, non-multiyear contract, vendors will bid against each other to sell solar energy to the U.S. Army in response to individual "task orders" issued by the U.S. Army Corps of Engineers.

Once won, a task order will be funded out of the $7 billion "pot" of funds allocated under this master Power Purchase Agreement. Bidders who won the right to compete for these task orders number 22, out of a total of 114 bids submitted. Most of the winners are either small, privately held concerns or small subsidiaries of foreign energy utilities whose stocks are not listed in the U.S. The few exceptions include U.S. listed major energy companies:

  • Dominion Resources
  • Johnson Controls
  • NRG Energy
  • Sunpower 
  • Siemens
  • And also the Apex Wind Energy Holdings subsidiary of BP .

The article Pentagon Awards Massive $7 Billion Solar Power Contract originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Dominion Resources. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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Pentagon Awards $7.59 Billion in Contracts Tuesday

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The U.S. Department of Defense on Tuesday announced a total of 22 new defense contracts worth a combined $7.59 billion. Notwithstanding the large headline number, one single contract for the supply of solar energy to the U.S. Army accounted for 92% of the funds on offer.

As for the remaining funds, they mostly got parceled out in small bundles. A few of the notable winners:

  • Xerox won a contract for $94 million to supply and service "multifunctional devices" -- presumably combination copier/fax/printers, although the DOD does not say so outright -- to the Defense Logistics Agency Document Services division, the Military Sealift Command, afloat elements of the U.S. Fleet Marine Forces, and civilian employees of the federal government deployed abroad "for extended periods." This contract runs through Sept. 30, 2023.
  • Lockheed Martin was awarded a $34 million firm-fixed-price contract to supply AN/AAQ-30 Target Sight Systems to the U.S. Marine Corps for installation board AH-1Z Cobra attack helicopters as part of the USMC's H-1 Upgrades Program for the remanufacture of legacy aircraft -- converting AH-1W SuperCobra helicopters into AH-1Z Vipers. Lockheed is expected to fulfill this contract by November 2015.
  • General Dynamics won a $15.4 million firm-fixed-price, option eligible, non-multiyear contract modification to "definitize" unit pricing on M264 red phosphorus rocket "smoke" rounds that it is to supply to the U.S. Army. 
  • CACI won a pair of contract modifications totaling $14.2 million in value to provide worldwide logistics services supporting the Military Sealift Command's Logistics directorate through October 2014.
  • And finally, Northrop Grumman was awarded a $12 million cost-plus-incentive-fee, option eligible, non-multiyear contract to do engineering and manufacturing development work on and begin low-rate initial production of the Spider Increment 1A remote control unit for the anti-personnel "landmine" munition system of the same name.

The article Pentagon Awards $7.59 Billion in Contracts Tuesday originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics, Lockheed Martin, and Northrop Grumman. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

 

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United Tech Wins Production Contracts for 39 F-35 Fighter Jet Engines

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The U.S. Department of Defense announced a total of 22 new defense contracts worth a combined $7.59 billion on Tuesday.

Notwithstanding the large headline number, one single contract for the supply of solar energy to the U.S. Army accounted for 92% of the funds on offer. The other contracts awarded were, accordingly, mostly small in size. One that stands out from the pack, though, is the $69.6 million deal that United Technologies secured. According to the Pentagon's news release, UTC is being awarded funds to purchase long-lead components, parts and materials necessary to build propulsion systems for a total of 39 F-35 Joint Strike Fighters that Lockheed Martin is building for the U.S. and its allies.

Specifically, the fighter jets (and the UTC-built engines that propel them) are to be allocated as follows:

  • 19 Conventional Take Off and Landing (CTOL) F-35As to the U.S Air Force;
  • 6 Short Take-off and Vertical Landing (STOVL) F-35Bs to the U.S. Marine Corps;
  • 4 Carrier variants -- F-35Cs featuring larger wingspans and foldable wingtips -- to the U.S. Navy.
  • Also, 4 F-35As will be going to Italy;
  • 4 F-35Bs to the United Kingdom;
  • and two F-35As to Norway.

These fighter jets and engines are all being built as part of Low-Rate Initial Production (LRIP) Lot VII. Work on this production lot is expected to be complete by September 2016.

The article United Tech Wins Production Contracts for 39 F-35 Fighter Jet Engines originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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New Lenovo ThinkCentre All-in-One Desktops: Perfect Fit for Work and Play

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New Lenovo ThinkCentre All-in-One Desktops: Perfect Fit for Work and Play

Lenovo Also Announces Latest Generation E-Series and M-Series Desktops

RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)-- Lenovo (SEHK:0992) (Pink Sheets:LNVGY) today announced new all-in-one (AIO) desktops with a simpler ergonomic design featuring optional multi-touch screens, improved cable management and new mounting options with the ThinkCentre UltraFlex Stand allowing for vertical, rotate and tilt movements including a fully flat position optimized for touch. Also announcing today, the ThinkCentre E73 and M73 desktops power businesses looking for traditional tower, small form factor and Tiny systems.


Productivity and performance is enhanced by the latest Intel 4th generation Core processors, optional discrete graphics and new solid state hybrid drives (SSHD). WiDi allows easy connection to an enabled large display or notebook. All new models are Energy Star 5.2 compliant, use recycled materials and less packaging to save energy.

Despite the ongoing challenges in the PC market, according to NPD DisplaySearch*, demand for all-in-one (AIO) PCs is at an all-time high. In Q1 2013, DisplaySearch reported record AIO shipments of 4.3 million units worldwide for a year-to-year growth of 25 percent. Lenovo continues to lead the AIO segment with 30.6 percent market share and continues to innovate with new all-in-one products, such as the ThinkCentre E93z, E73z and M73z announced today.

"Experience is everything, which is why we continuously evolve our commercial AIO desktops to be like nothing else in the business space," said Victor Rios, vice president and general manager of Think desktop, workstation, and visuals. "As touch expands from the consumer space into our work environments, ThinkCentre AIOs are poised to support the workforce with the most intuitive touch experience available in the market. Simple and ergonomic design, optimized cable management and the innovative engineering design of our stands make for a cleaner and more enjoyable workspace."

ThinkCentre E93z All-in-One Desktop

The all-new ThinkCentre E93z takes desktop computing to a whole new level. At only 48mm thick, the ThinkCentre E93z is one of the thinnest all-in-one PCs ever built for business and is a centerpiece for any office. With its optional ThinkCentre UltraFlex Stand, the E93z can take full advantage of its optional 10-point multi-touch display by combining height, tilt, pivot, and recline adjustments to maximize ergonomic comfort and productivity for the best possible Windows 8 experience.

Powered by up to a 4th Generation Intel Core i7 processor and available with a 1GB NVIDIA GeForce 720 discrete graphics engine on selected models, the ThinkCentre E93z can bring the most creative visions to life via its gorgeous 21.5 inch infinity glass Full HD display. Faster data access is provided by next generation Solid State Hybrid Drive storage and HDMI In and Out ports plus Intel WiDi offer even more display capabilities. What's more, all this performance doesn't come at the cost of energy efficiency, as all ThinkCentre E93z models are Energy Star 5.2 compliant.

Designed from the ground-up to fuel business growth and secure assets, the ThinkCentre E93z helps protect privacy through an innovative built-in camera switch that physically blocks the E93z's webcam to prevent unauthorized recording.

ThinkCentre E73z and M73z All-in-One Desktops

Equipped with up to 4th generation Intel® Core™ i7 processors, SSHD and two USB 3.0 ports, the 20-inch ThinkCentre E73z and M73z AIO desktops pack exceptional performance in a compact, space-saving design. Built for business collaboration, the E73z and M73z allow customers to go wire-free with high performance wireless and WiDi support. For additional productivity, the ThinkCentre E73z and M73z are ideal for VoIP calls and video conferences with an optimized 720p HD camera, array microphone with noise cancellation and high quality stereo speakers.

The ThinkCentre M73z also includes features for enhanced security including a TPM Security Chip for data protection in addition to the latest security and ThinkVantage software with PC auto lock technology, hardware password management and data rescue and recovery. An optional OPAL SSC Capable 2.5-inch HDD provides hardware self-encrypting drives for security sensitive workplaces.

The ThinkCentre E73z and M73z have been awarded multiple certifications for energy efficiency including Energy Star 5.2 compliance, Cisco EnergyWise and EuP 2013. The ThinkCentre E73z is EPEAT Silver certified, while the ThinkCentre M73z is EPEAT Gold certified.

ThinkCentre M73 Desktop

The M73 is available in Lenovo's industry leading one liter tiny form factor. Like its powerful brother, the M93p, the M73 Tiny also shares the remote power up option with a compatible keyboard and flexible mounting solutions of its sibling. Featuring 4th generation Intel Core processors, the new ThinkCentre M73 packs a huge punch in the smallest fully functional form factor available. With powerful integrated graphics and solid state hybrid drives, high performance is on tap and even the most demanding business applications run smoothly.

Also available in mini-tower and small form factor, the M73 also includes WiFi connectivity and USB 3.0 ports for fast data transfer.

Pricing and Availability 1

The ThinkCentre E93z will be available beginning September, starting at approximately $699.

The ThinkCentre E73z will be available late September, starting at approximately $599.

The ThinkCentre M73z will be available in October, starting at approximately $599.

The ThinkCentre M73 will be available in October, starting at approximately $439.

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About Lenovo

Lenovo (SEHK:0992) (Pink Sheets:LNVGY) is a US$34 billion personal technology company - the largest PC maker in the world and an emerging PC Plus leader - serving customers in more than 160 countries. Dedicated to exceptionally engineered PCs and mobile internet devices, Lenovo's business is built on product innovation, a highly-efficient global supply chain and strong strategic execution. Formed by Lenovo Group's acquisition of the former IBM Personal Computing Division, the Company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile internet devices, including tablets and smart phones. Lenovo, a global Fortune 500 company, has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more information see www.lenovo.com.

1 Prices do not include tax or shipping and are subject to change without notice and is tied to specific terms and conditions. Reseller prices may vary. Price does not include all advertised features. All offers subject to availability. Lenovo reserves the right to alter product offerings and specifications at any time without notice.

* NPD DisplaySearch Quarterly Desktop Monitor Shipment and Forecast Report dated July 2013



Lenovo
Adrian Horne, +33 6 88219861
adrianhorne@lenovo.com

KEYWORDS:   United States  North America  North Carolina

INDUSTRY KEYWORDS:

The article New Lenovo ThinkCentre All-in-One Desktops: Perfect Fit for Work and Play originally appeared on Fool.com.

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OMRON to Launch Rotary Backlock FPC/FFC Connector for Efficient Cable Mounting; Sharp "Click" Confir

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OMRON to Launch Rotary Backlock FPC/FFC Connector for Efficient Cable Mounting; Sharp "Click" Confirms Latch Engagement

KYOTO, Japan--(BUSINESS WIRE)-- OMRON Corporation (TOKYO:6645)(ADR:OMRNY) today announced the planned launch of its new XF3M rotary backlock FPC (Flexible Printed Circuit)/FFC (Flexible Flat Cable) connector on September 2, 2013. This new FPC/FFC connector features a rotary backlock mechanism in which a rotary slider for securing the FPC/FFC cable is mounted independently from the FPC/FFC socket. This results in improved cable connection efficiency and more reliable lock action. The connector has a height of 2.0 mm and a depth of 6.4 mm (when locked).

OMRON will launch new XF3M rotary backlock FPC (Flexible Printed Circuit)/FFC (Flexible Flat Cable) ...

OMRON will launch new XF3M rotary backlock FPC (Flexible Printed Circuit)/FFC (Flexible Flat Cable) connector on September 2, 2013. (Photo: Business Wire)

FPC/FFC cables are increasingly used to connect LCD panels to printed circuit boards or to connect two printed circuit boards in a wide range of products and equipment, such as industrial equipment, home appliances, printers, LCD TV sets, and mobile devices. This has led to increased demand for connectors applicable for these cables.


With conventional rotary lock connectors, the rotary slider is positioned at the FPC/FFC socket. The drawback of this is that lifting an FPC/FFC or applying excessive force may cause the rotary latch to disengage. The new OMRON XF3M solves this drawback by employing a rotary backlock mechanism in which the rotary latch is located on the opposite side of the socket. This mechanism also enables the socket to be constructed with a four-sided housing that securely holds the FPC/FFC cable for enhanced mounting reliability. A sharp "click" on engagement makes it easy to confirm that the latch is completely locked. These features add up to improved work efficiency for cable mounting.

Features
- The four-sided housing construction of the FPC/FFC socket prevents displacement of the cable.
- A sharp "click" makes it easy to ascertain that the FPC/FFC cable is securely locked in position.
- Available in two types — 0.5 mm and 1.0 mm pitches.
- Halogen free.
The molded parts use LCP (Liquid Crystal Polymer) resins. Its halogen-free construction makes the XF3M environmentally friendly.

Price
Open

Sales Target
3,000,000 units/month

Factory in Charge
Omron Sanyo Co., Ltd.

 

Ratings and Specifications

Connector Specifications  
Pitch: 0.5 mm, 1.0 mm
On-board profile: 2.0 mm
Depth: 6.4 mm (when locked)
Applicable FPC/FFC thickness: 0.3±0.05 mm
Contact type: Dual (upper and lower)
 
Ratings and Specifications
Rated current: 0.5 A AC/DC
Rated voltage: 50 V AC/DC
Contact resistance: 50 mΩ max.
(at 20 mV DC max., 100 mA max.)
Withstand voltage: 250 V AC for 1 min.
(leakage current: 1 mA max.)
Insertion tolerance: 20 times
Ambient operating temperature: -30° to +85°C (with no icing or condensation)
 
Materials and Finish
Housing: LCP resin (UL94V-0)/natural
Slider: LCP resin (UL94V-0)/black
Contacts: Spring copper alloy/nickel substrate (1.5 µm)
Gold-plated contact section (flash)
Hold-down clips: Copper alloy/tin-plated (1µm)
 

About OMRON
Headquartered in Kyoto, Japan, OMRON Corporation is a global leader in the field of automation. Established in 1933, and headed by President Yoshihito Yamada, Omron has more than 36,000 employees in over 35 countries working to provide products and services to customers in a variety of fields including industrial automation, electronic components, social systems, healthcare, and the environment. The company has regional head offices in Singapore (Asia Pacific), Beijing (Greater China), Amsterdam (Europe, Africa, and the Middle East), Chicago (the Americas), Gurgaon (India), and Sao Paulo (Brazil).
For more information, visit OMRON's website at http://www.omron.com/



Sales Inquiries
OMRON Electronic and Mechanical Components Company
Seiji Shimada, +81-44-812-3432
Product Management Section
Connector Division

KEYWORDS:   Asia Pacific  Japan

INDUSTRY KEYWORDS:

The article OMRON to Launch Rotary Backlock FPC/FFC Connector for Efficient Cable Mounting; Sharp "Click" Confirms Latch Engagement originally appeared on Fool.com.

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CEMEX to Improve Its Portfolio in Europe

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CEMEX to Improve Its Portfolio in Europe

  • CEMEX to acquire Holcim's operations in the Czech Republic
  • CEMEX to divest its assets in the western part of Germany to Holcim
  • CEMEX and Holcim to combine operations in Spain
  • Holcim will pay CEMEX €70 million Euros in cash
  • Transactions are expected to generate synergies that will result in a recurring improvement in CEMEX´s EBITDA of about US$20 million to US$30 million

MONTERREY, Mexico--(BUSINESS WIRE)-- CEMEX, S.A.B. de C.V. ("CEMEX") (NYS: CX) announced today that it has reached an agreement with Holcim to conduct a series of transactions that will improve CEMEX's strategic footprint in Europe.

CEMEX will acquire all of Holcim's assets in the Czech Republic, which include one cement plant (cement capacity of 1.1 million tons, clinker capacity of 0.9 million tons), four aggregates quarries and 17 ready-mix plants. The Czech Republic is a market with a strong economy and solid prospects and we expect that acquiring these assets should improve CEMEX's operations in the country and in Central Europe.


CEMEX will divest its assets in the western part of Germany to Holcim, which include one cement plant and two grinding mills (total cement capacity of 2.5 million tons, clinker capacity of 0.9 million tons), one slag granulator, 22 aggregates quarries and 79 ready-mix plants. The German market is an attractive one and CEMEX will still be present in the eastern, northern and southern part of the country with an important footprint.

In Spain, CEMEX and Holcim will combine all their cement, ready-mix and aggregates operations. CEMEX will have a 75% controlling interest over the combined operational assets in this country. This transaction will allow CEMEX to better serve the market, which should translate into higher value creation in that country.

As part of these transactions, Holcim will pay CEMEX €70 million Euros in cash. Additionally, the transactions are expected to generate synergies that will result in a recurring improvement in CEMEX's EBITDA of about US$20 million to US$30 million, beginning to be realized in 2014.

"When finalized, this will be an important strategic step that should allow CEMEX to improve its footprint in Europe, and it will consolidate our portfolio in the continent," said Lorenzo H. Zambrano, Chairman and CEO of CEMEX.

These transactions are not final as they are subject to the fulfillment of various conditions precedent, mainly confirmatory due diligence, approvals from competition authorities, and from creditors under the Facilities Agreement, among others. We currently expect to finalize these transactions during the fourth quarter of 2013.

BBVA, Citigroup and Santander are acting as financial advisors to CEMEX in these transactions.

CEMEX will host a conference call and webcast presentation on Wednesday, August 28, 2013 at 10:00am EST (9:00am CST; 4:00pm CET) to discuss these transactions. The live presentation can be accessed at www.cemex.com, or interested parties may access the audio-only conference call by dialing 1-847-585-4405 and entering the passcode 35578971.

CEMEX is a global building materials company that provides high-quality products and reliable services to customers and communities in more than 50 countries. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future.

For more information on CEMEX, please visit: www.cemex.com

For more information on Holcim, please visit: www.holcim.com

This press release contains forward-looking statements and information that reflect CEMEX's expectations and projections about future events based on CEMEX's knowledge of present facts and circumstances and assumptions about future events, and that are necessarily subject to risks, uncertainties, and assumptions. Many factors could cause the actual results, performance, or achievements of CEMEX to be materially different from those expressed or implied in this release, including, among others, not having the required approvals to execute the transactions disclosed in this press release, changes in general economic, political, governmental and business conditions globally and in the countries in which CEMEX does business, changes in interest rates, changes in inflation rates, changes in exchange rates, the level of construction generally, changes in cement demand and prices, changes in raw material and energy prices, changes in business strategy, and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. CEMEX assumes no obligation to update or correct the information contained in this press release. CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.



CEMEX, S.A.B. de C.V.
Media Relations:
Jorge Pérez, +52 (81) 8888-4334
mr@cemex.com
or
Investor Relations:
Eduardo Rendón, +52 (81) 8888-4256
ir@cemex.com
or
Analyst Relations:
Luis Garza, +52 (81) 8888-4136
ir@cemex.com

KEYWORDS:   Mexico  Europe  Central America  Czech Republic  Germany  Spain

INDUSTRY KEYWORDS:

The article CEMEX to Improve Its Portfolio in Europe originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Partner Communications Reports Second Quarter 2013 Results1

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Partner Communications Reports Second Quarter 2013 Results 1

OPERATIONAL EFFICIENCY LED TO A REDUCTION OF NIS 153 MILLION IN OPERATING EXPENSES COMPARED TO THE SECOND QUARTER LAST YEAR

FREE CASH FLOW BEFORE INTEREST PAYMENTS 2 IN THE SECOND QUARTER TOTALED NIS 287 MILLION


CAPITAL INVESTMENTS IN THE SECOND QUARTER TOTALED NIS 122 MILLION

ROSH HA'AYIN, Israel--(BUSINESS WIRE)-- Partner Communications Company Ltd.:

Q2 2013 Highlights (compared with Q2 2012)

  • Total Revenues: NIS 1,130 million (US$ 312 million), a decrease of 21%
  • Service Revenues: NIS 950 million (US$ 263 million), a decrease of 22%
  • Operating Expenses (OPEX) 3 including cost of equipment sold: NIS 871 million (US$ 241 million), a decrease of 16%
  • Operating Expenses (OPEX) 3 : NIS 700 million (US $193 million), a decrease of 18%
  • Adjusted EBITDA 4 : NIS 280 million (US$ 77 million), a decrease of 34%
  • Adjusted EBITDA Margin: 25% of total revenues compared with 30%
  • Net Profit: NIS 20 million (US$ 6 million), a decrease of 83%
  • Net Debt: NIS 3,446 million (US$ 952 million), a decrease of NIS 763 million
  • Free Cash Flow (before interest): NIS 287 million (US$ 79 million), a decrease of 8%
  • Cellular ARPU: NIS 83 (US$ 23), a decrease of 18%
  • Cellular Subscriber Base: approximately 2.92 million at quarter-end, a decrease of 6%

1 The financial results presented in this press release are unaudited financial results
2 Cash flows from operating activities before interest payments, net of cash flows used for investment activities.
3 Operating expenses include cost of service revenues, and selling, marketing and administrative expenses, and exclude depreciation and amortization and impairment charges.
4 For definition of Adjusted EBITDA measure, see "Use of Non-GAAP Financial Measures" on page 16 below.

Partner Communications Company Ltd. ("Partner" or the "Company") (NASDAQ and TASE: PTNR), a leading Israeli communications operator, announced today its results for the quarter ended June 30, 2013.

Commenting on the second quarter 2013 results, Mr. Haim Romano, Partner's CEO, said:

"The results of the second quarter of 2013 continue to reflect, on the one hand, the ongoing impact of the competition in the market and, on the other hand, our investment in the Company's key assets: high quality customer service, technological advancement and the most advanced network. At the same time, we are adjusting our business operations, our marketing approach and the cost structure of the Company, measures which resulted in a decline of NIS 153 million in the Company's operating expenses compared to the second quarter of 2012.

During the quarter, we continued to invest in enhancing the quality of the cellular network (Orange ultranet), which includes: sharp and clear voice quality using HD voice technology, enabling extended battery life by up to approximately 40 percent, the fastest browsing speed in Israel and advanced 4G services (LTE ready services). The Company continues to improve and develop its IT and data systems and provides service solutions which are intuitive and user friendly in the digital space. The Company's investments totaled this quarter approximately NIS 122 million.

Furthermore, the Company launched the "Orange One" customer program, which addresses the need for a unique personal customer service in all the service channels and provides a variety of benefits.

The Company's subscriber base declined this quarter by 11,000 compared to the previous quarter, a decline entirely due to a decrease in the Pre-paid subscriber base, while the Post-paid subscriber base increased this quarter, for the first time in eight quarters. We also witnessed this quarter a decline in churn rates compared to the previous quarter, and there was no ARPU erosion compared to the previous quarter."

Mr. Haim Romano further added: "In June 2013, "Standard & Poor's Maalot" reaffirmed the Company's 'iIAA-' credit rating and revised the outlook from "negative" to "stable", mainly due to the expected leverage reduction in 2014."

In conclusion, Mr. Haim Romano emphasized: "We will continue to invest in the Company's assets - an advanced network, quality customer service and advanced technology - and to strive to create significant differentiation for the benefit of our customers and employees."

Mr. Ziv Leitman, Partner's Chief Financial Officer commented on the quarterly results:

"The financial results of the second quarter of 2013, compared to the previous quarter, reflect the impact of continued competition in the telecommunications market, seasonality and the ongoing efficiency measures that the Company continues to implement also during this quarter.

During the second quarter of 2013, the Company continued to adjust its cost structure and reported a decrease in operating expenses (excluding cost of equipment sold and depreciation & amortization expenses) of approximately NIS 20 million compared to the first quarter of 2013. The Company plans to continue to implement additional operational efficiency measures in the coming quarters, in order to further reduce operating expenses.

The churn rate in the second quarter of 2013 decreased to 9.4% compared with 10.4% in the first quarter of 2013. The churn rate of Post-paid subscribers continued to decline for the third consecutive quarter. The Company's cellular subscriber base at the end of the second quarter of 2013 totaled 2.92 million subscribers, and the number of our Post-paid subscribers increased compared to the previous quarter, for the first time in eight quarters, as opposed to the continued decline in the Pre-Paid subscribers.

ARPU totaled NIS 83 in the second quarter of 2013, compared with NIS 82 in the first quarter of 2013, primarily due to a decrease in price erosion together with seasonality effects.

Equipment revenues in the second quarter of 2013 totaled NIS 180 million compared to NIS 183 million in the previous quarter. Equipment profitability improved compared to the previous quarter mainly due to the decrease in handset subsidies to large corporate customers.

As a result of the above effects, the Adjusted EBITDA for the second quarter of 2013 increased to NIS 280 million compared to NIS 268 million in the first quarter of 2013.

Financial expenses in the second quarter of 2013 increased by approximately NIS 22 million compared to the previous quarter, due to increased linkage charges in the amount of approximately NIS 15 million as well as due to a one-time expense of approximately NIS 9 million that was imposed on the Company due to the early prepayment of bank loans.

Despite the improvement in Adjusted EBITDA, net profit totaled NIS 20 million in the second quarter of 2013 compared with NIS 31 million in the previous quarter, due to the said increase in financial expenses.

The Company continued to report robust free cash flow (after interest payments), which totaled NIS 193 million this quarter, an amount similar to that of the previous quarter. Cash flow was positively impacted by the improvement in operating cash flow, which was partially offset by semi-annual interest payments. During the second quarter, the Company made an early prepayment of bank loans amounting to approximately NIS 419 million (approximately NIS 282 million originally maturing in 2014 and approximately NIS 137 million in 2015). Net debt at the end of the second quarter of 2013amounted to approximately NIS 3.4 billion compared to NIS 4.2 billion at the end of the second quarter of 2012, a decrease of NIS 0.8 billion."

Key Financial Results 5 (unaudited)

NIS MILLION   Q2'13   Q2'12   % Change
Revenues   1,130   1,428   -21%
Cost of revenues 878 1,000 -12%
Gross profit 252 428 -41%
Operating profit 102 245

-58%

Net profit 20 120 -83%
Earnings per share (basic, NIS) 0.13 0.77 -83%
Free cash flow   287   313   -8%
 

Key Operating Indicators:

     
    Q2'13   Q2'12   Change
Adjusted EBITDA (NIS millions) 280 423 -34%
Adjusted EBITDA as a percentage of total revenues 25% 30% -5
Cellular Subscribers (end of period, thousands) 2,921 3,098 -177
Quarterly Cellular Churn Rate (%) 9.4% 8.9% 0.5
Average Monthly Revenue per Cellular Subscriber(ARPU) (NIS) 83 101 -18%
Average Monthly Usage per Cellular Subscriber (MOU) (minutes) 532 437 +22%
No. of Fixed Lines (end of period, thousands) 294 281 +5%
ISP Subscribers (end of period, thousands)   572   609   -6%
 

5 See also definitions on first page.

Partner Consolidated Results (unaudited)

  Cellular Segment   Fixed Line Segment   Elimination   Consolidated
NIS Millions   Q2'13   Q2'12   Change %   Q2'13   Q2'12   Change %   Q2'13   Q2'12   Q2'13   Q2'12   Change %
Total Revenues 897   1,156   -22% 286   308   -7% (53)   (36) 1,130   1,428   -21%
Service Revenues 726 949 -23%

277

300

-8% (53) (36) 950 1,213 -22%
Equipment Revenues 171 207 -17% 9 8 13% - - 180 215 -16%
Operating Profit 59 231 -74% 43 14 +207% - - 102 245 -58%
Adjusted EBITDA   198   367   -46%   82   56   +46%   -   -   280   423   -34%
 

Financial Review

In Q2 2013, total revenues were NIS 1,130 million (US$ 312 million), a decrease of 21% from NIS 1,428 million in Q2 2012.

Service revenues in Q2 2013 totaled NIS 950 million (US$ 263 million), decreasing by 22% from NIS 1,213 million in Q2 2012.

Service revenues for the cellular segment in Q2 2013 were NIS 726 million (US$ 201 million), decreasing by 23% from NIS 949 million in Q2 2012. The decrease was mainly a result of the price erosion of cellular services including voice and data services, following the increased competition due to the entry of new competitors (new operators and MVNOs). The decrease also reflected the lower Post-Paid cellular subscriber base which decreased by approximately 6% on an average basis compared to the second quarter of 2012, as well as lower roaming revenues, as a result of price erosion in these services.

Service revenues for the fixed line segment reached NIS 277 million (US$ 77 million) in Q2 2013, a decrease of 8% compared with NIS 300 million in Q2 2012. The decrease mainly reflected price erosion in fixed line services including voice and internet services, as well as a decrease of approximately 6% in the average number of Internet service subscribers over the period.

Equipment revenues in Q2 2013 totaled NIS 180 million (US$ 50 million), a decrease of 16% compared with NIS 215 million in Q2 2012. The decrease was due to a reduction in the number of cellular devices sold and a reduction in the profit margin for cellular devices.

Operating expenses (including cost of service revenues, selling, marketing and administrative expenses and excluding depreciation and amortization) totaled NIS 700 million (US$ 193 million) in Q2 2013, a decrease of 18% or NIS 153 million from Q2 2012, largely reflecting the efficiency measures undertaken, and in particular the reduction in the workforce by over one third during the last twelve months.

Operating profit for Q2 2013 was NIS 102 million (US$ 28 million), a decrease of 58% compared with operating profit in Q2 2012 of NIS 245 million.

Adjusted EBITDA in Q2 2013 totaled NIS 280 million (US$ 77 million), a decrease of 34% from NIS 423 million in Q2 2012. Adjusted EBITDA for the cellular segment was NIS 198 million (US$ 55 million) in Q2 2013, decreasing by 46% from NIS 367 million in Q2 2012, reflecting the impact of the decrease in service revenues and in gross profit from equipment sales, partially offset by the reduction of operating expenses, as described above. Adjusted EBITDA for the fixed line segment in Q2 2013 was NIS 82 million (US$ 23 million), an increase of 46% from NIS 56 million in Q2 2012, reflecting the reduction of operating expenses partially offset by the decrease in service revenues.

Financial expenses, net in Q2 2013 were NIS 71 million (US$ 20 million), a decrease of 3%, compared with NIS 73 million in Q2 2012. The decrease was mainly due to the lower level of average debt in Q2 2013 compared with Q2 2012 (see Funding and Investing Review below).

Net profit in Q2 2013 was NIS 20 million (US$ 6 million), a decrease of 83% compared with net profit in Q2 2012 of NIS 120 million.

Based on the weighted average number of shares outstanding during Q2 2013, basic earnings per share or ADS, was NIS 0.13 (US$ 0.04), a decrease of 83% compared to NIS 0.77 in Q2 2012.

The effective tax rate for Q2 2013 was 35%, compared with 30% in Q2 2012. The increase in the effective tax rate was mainly due to the higher percentage of unrecognized expenses than in the same quarter last year due to the decline in profit before tax.

Funding and Investing Review

In Q2 2013, cash flow generated from operating activities before interest payments, net of cash flow used for investing activities ("Free Cash Flow"), totaled NIS 287 million (US$ 79 million), a decrease of 8% from NIS 313 million for Q2 2012.

Cash generated from operations decreased by 0.5% to NIS 415 million (US$ 115 million) in Q2 2013 from NIS 417 million in Q2 2012. This was mainly explained by the decrease in net profit, partially offset by changes in operating working capital. In Q2 2013, operating working capital decreased by NIS 95 million as a result of lower equipment sales and a higher proportion of equipment sales by credit card, while, operating working capital in Q2 2012 decreased by NIS 79million.

The level of cash capital expenditures in fixed assets (Capex) including intangible assets but excluding capitalized subscriber acquisition and retention costs, net, was NIS 122 million (US$ 34 million) in Q2 2013, an increase of 8% from NIS 113 million in Q2 2012.

The level of net debt6 at the end of Q2 2013 was NIS 3,446 million (US$ 952 million), compared with NIS 4,209 million at the end of Q2 2012, a decrease of NIS 763 million.

6 Total long term indebtedness including current maturities less cash and cash equivalents.

Cellular Segment Financial Review 7

NIS Millions   Q2'13   Q2'12   Change %
Total Revenues   897   1,156   -22%
Service Revenues 726 949 -23%
Equipment Revenues 171 207 -17%
Operating Profit 59 231 -74%
Adjusted EBITDA   198   367   -46%
 

Total revenues for the cellular segmentin Q2 2013 were NIS 897 million (US$ 248 million), a decrease of 22% from NIS 1,156 million in Q2 2012.

Service revenues for the cellular segment were NIS 726 million (US$ 201 million) in Q2 2013, decreasing by 23% from NIS 949 million in Q2 2012. The decrease was mainly a result of the price erosion of cellular services including voice and data services, following the increased competition due to the entry of new competitors (MVNOs and new operators) and the shifting to "unlimited plans" since May 2012. The decrease also reflected the lower Post-Paid cellular subscriber base which decreased by approximately 6% on an average basis compared to Q2 2012, as well as lower roaming revenues, as a result of price erosion in roaming services.

Revenues from cellular equipment sales in Q2 2013 totaled NIS 171 million (US$ 47 million), decreasing by 17% from NIS 207 million in Q2 2012. The decrease was due to both a decline in the quantity of cellular equipment sold and lower equipment profit margins, in light of the increased competition from independent handset importers.

The gross profit from cellular equipmentsales in Q2 2013 was NIS 9 million (US$ 2 million), compared with NIS 31 million in Q2 2012, a decrease of 71%. This was mainly due to lower profit margins, reflecting the increased competition in the handset market.

Operating expenses 8 for the cellular segment (excluding inter-segment costs) totaled NIS 514 million (US$ 142 million) in Q2 2013, a decrease of 16% or NIS 100 million from Q2 2012. The decrease mainly reflected lower payroll and related expenses as a result of the reduction in the level of workforce, a decrease in royalty expenses following the abolishment of royalty payments to the State of Israel from the beginning of 2013, and decreases in content provider expenses and logistics expenses.

Including depreciation and amortization expenses, operating expenses in Q2 2013 decreased by 13% compared with Q2 2012.

Overall, operating profit for the cellular segment in Q2 2013 was NIS 59 million (US$ 16 million), decreasing by 74% compared with NIS 231 million in Q2 2012. The decrease reflected the impact of the decrease in service revenues and in gross profit from equipment revenues, partially offset by the reduction in operating expenses, as described above.

Adjusted EBITDA for the cellular segment totaled NIS 198 million (US$ 55 million) in Q2 2013, a decrease of 46% from NIS 367 million in Q2 2012, reflecting the impact of the decrease in service revenues and in gross profit from equipment revenues, partially offset by the reduction in operating expenses, as described above. As a percentage of total cellular revenues, Adjusted EBITDA in Q2 2013 was 22%, compared with 32% in Q2 2012.

7 Includes intersegment revenues and costs of revenues.
8 Operating expenses include cost of service revenues, and selling, marketing and administrative expenses, and exclude depreciation and amortization and impairment charges.

Cellular Segment Operational Review

At the end of the second quarter 2013, the Company's cellular subscriber base (including mobile data and 012 Mobile subscribers) was approximately 2.92 million including approximately 2.1 million Post-Paid subscribers or 72% of the base, and approximately 818 thousand Pre-Paid subscribers, or 28% of the subscriber base.

During the second quarter of 2013, the Company's subscriber base declined by approximately 11 thousand and the Post-paid subscriber base increased by 1 thousand, compared with a decrease in the subscriber base of 55 thousand in Q2 2012. The decrease in the subscriber base this quarter is due to the decrease in Pre-paid subscriber base of 12 thousand.

The quarterly churn rate for cellular subscribers in Q2 2013 was 9.4%, compared with 8.9% in Q2 2012 and 10.4% in Q1 2013. The high rate of churn reflected mainly the impact of the high level of competition in the market.

Total cellular market share (based on the number of subscribers) at the end of Q2 2013 was estimated to be approximately 29%, similar to the end of the first quarter of 2013.

The monthly Average Revenue Per User ("ARPU") for cellular subscribers for Q2 2013 was NIS 83 (US$ 23), a decrease of approximately 18% from NIS 101 in Q2 2012 and an increase of 1% from NIS 82 in Q1 2013. The decrease compared to the second quarter of last year mainly reflected the continued price erosion in the key cellular services including voice, content and roaming services due to the competition in the market. The increase compared to the first quarter 2013 was primarily due to a decrease in price erosion together with seasonality effects.

The monthly average Minutes of Use per subscriber ("MOU") for cellular subscribers in Q2 2013 was 532 minutes, an increase of 22% from 437 minutes in Q2 20129. This increase largely reflected the continued increase in the proportion of cellular subscribers with bundled packages that include large or unlimited quantities of minutes. In view of this trend, the Company believes that reporting MOU is no longer beneficial to understanding the results of operation, and therefore the Company is considering ending reporting MOU as of the end of 2013.

9 MOU data includes total incoming minutes to subscribers of those MVNO operators which Partner hosts on its network.

Fixed Line Segment Review 10

NIS Millions Q2'13 Q2'12 Change %
Total Revenues 286 308 -7%
Service Revenues 277 300 -8%
Equipment Revenues 9 8

+13%

Operating Profit 43 14 +207%
Adjusted EBITDA 82 56 +46%

Total Revenues in Q2 2013 for the fixed line segment were NIS 286 million (US$ 79 million), a decrease of 7% compared with NIS 308 million in Q2 2012.

Service revenues for the fixed line segment reached NIS 277 million (US$ 77 million) in Q2 2013, a decrease of 8% compared with NIS 300 million in Q2 2012. The decrease mainly reflected price erosion in fixed line services including domestic fixed line, international calls and internet services, as well as a decrease of 6% in the average number of internet service subscribers over the period.

Revenues from equipment sales in the fixed line segment in Q2 2013 totaled NIS 9 million (US$ 2 million), compared with NIS 8 million in Q2 2012.

The total number ofactive fixed lines was approximately 294 thousand at the end of Q2 2013, an increase of 5% compared with approximately 281 thousand at the end of Q2 2012, and compared to 293 thousand at the end of Q1 2013.

The ISP subscriber base was approximately 572 thousand as of the end of Q2 2013, compared with approximately 609 thousand at quarter-end of Q2 2012, and approximately 581 thousand at the end of Q1 2013. The decrease in the number of ISP subscribers was mainly due to the increased competition in the market.

Operating expenses 11 for the fixed line segment (excluding inter-segment costs) totaled NIS 186 million (US$ 51 million) in Q2 2013, a decrease of approximately 22% or NIS 53 million from Q2 2012. The decrease mainly reflected lower payroll and related expenses as a result of the reduction in the level of workforce. Including depreciation and amortization expenses, operating expenses for the fixed line segment in Q2 2013 decreased by 20% compared with Q2 2012.

Operating profit for the fixed line segment was NIS 43 million (US$ 12 million) in Q2 2013, an increase of 207% compared to NIS 14 million in Q2 2012.

Adjusted EBITDA for the fixed line segment in Q2 2013 was NIS 82 million (US$ 23 million), an increase of 46% from NIS 56 million in Q2 2012, reflecting the impact of the reduction in operating expenses, partially offset by the lower service revenues.

10 The analysis includes intersegment revenues and costs of revenues.
11 Operating expenses include cost of service revenues, and selling, marketing and administrative expenses, and exclude depreciation and amortization and impairment charges.

Business and Regulatory Developments

Regulatory Developments

1. Wholesale market in the Fixed-line market

On August 5, 2013, the Communications Law (Telecommunications and Broadcasting), 1982 (the "Telecommunications Law") was amended to grant the Minister of Communications the power to set interconnect tariffs and usage tariffs of another operator's network and supervised services prices, based not only on cost plus reasonable profit (according to a calculation method determined by the Minister), but also based on a benchmark which refers to one of the following: (a) tariffs of services provided by the licensee; (b) tariffs for other services which are comparable; or (c) tariffs for comparable services in other countries.
In addition, this amendment to the Telecommunications Law granted the Minister of Communications with the power to mandate a separation between services provided to a licensee and services provided to a subscriber and to set provisions for the manner in which such separation is to be implemented.

For further information, see the Company's 2012 Annual Report (20-F) filed with the SEC on March 19, 2013 ("2012 Annual Report") "Item 3D. Key Information - Risk Factors - 3D.1.a RISKS RELATING TO THE REGULATION OF OUR INDUSTRY - we operate in a highly regulated telecommunications market in which the regulators limit our flexibility in managing our business, seeks to increase competition, and adversely affects our business and results of operations" and "Item 4 - Information on the Company - Business Overview - Regulation - Regulatory Developments - Public Committee recommendations regarding the fixed-line telecommunications sector."

2. Ministry of Communications Hearings

a. In July 2013, the Ministry of Communications published a hearing that is intended to regulate the manner of provision of premium services so that all of the services will be provided through only three prefixes, two of which shall be blocked as a default. An international operator will be able to provide premium services without having to route the call abroad as long as the services will be provided through the prefixes designated for the provision of premium services. The revenues of the Company may be adversely affected by the results of this hearing.

b. In August 2013, the Ministry of Communications published a secondary hearing with respect to "charging for roaming services abroad" according to which, subscribers that purchase voice and/or SMS and/or cellular internet packages for use abroad shall receive an update SMS message at 75%, 95% and 100% utilization of each component of the package as well as an additional SMS message (if relevant) once the package expires. For packages that include voice and/or SMS, the cellular operators will not be required to block these services once the packages are fully utilized or expire. However, for packages that include cellular data, the cellular operators will be required to block the data services once the packages expire or the package is fully utilized. The cellular operators will be required to block as a default cellular internet abroad and the service will be provided only to subscribers that requested the service in writing or by phone. In addition, the Ministry is considering implementing a number of additional steps with respect to providing the possibility to block cellular internet abroad, transparency and notification to subscribers. These regulatory limitations may adversely affect the Company's revenues from roaming services.

c. Further to the Company's 2012 Annual Report with respect to a hearing published regarding a change in interconnect tariffs for the completion of a call on a fixed-line network, the Ministry of Communications published in August 2013 a secondary hearing in this matter in which it was proposed to reduce the interconnect tariff for the completion of a call on a fixed-line network to NIS 0.0099 (excluding VAT) per minute.

Business Developments

Tender for the election of an investor for the Israel Electric Corporation's telecommunication project

Further to the Company's 2012 Annual Report with respect to a tender to elect an investor for the Israel Electric Corporation's telecommunication project, on July 11, 2013 an agreement was signed between the Israel Electric Corporation and a group of investors headed by ViaEuropa for the set-up of a telecommunications (FTTH) infrastructure company.

Changes In the organizational structure of Partner's group and new appointments

On August 27, 2013, the Company's Board of Directors approved a change in the organizational structure of Partner's group, in which a Retail Division will be established and Mr. Zvika Shenfeld will be appointed as Vice President of the Retail Division, as of October 1, 2013. Mr. Zvika Shenfeld will be responsible for the development and establishment of the Partner Group's new retail activity.

In addition, the Board of Directors approved the appointment of Ms. Na'ama Gat as Vice President of the unified Marketing and Growth Engines Division of Partner's group. Her appointment will take effect on October 1, 2013. Ms. Gat served in a variety of senior managerial positions in the marketing arena in leading companies in Israel. In her last position, Ms. Gat served as Vice President and Manager of the Marketing and Business Development Division at Mizrahi Tefahot Bank. Ms. Gat holds a B.A. degree in Psychology and English literature from Haifa University and an M.A. degree in Marketing and advertising from Marquette University, USA.

Conference Call Details

Partner will hold a conference call on Wednesday, August 28, 2013 at 10.00 a.m. Eastern Time / 5.00 p.m. Israel Time.

Please call the following numbers (at least 10 minutes before the scheduled time) in order to participate: International: +972.3. 918.0610, North America toll-free: + 1.888.407.2553

A live webcast of the call will also be available on Partner's website at: http://www.orange.co.il/en/Investors-Relations/lobby/

If you are unavailable to join live, the replay numbers are:

International: +972.3.925.5921, North America: +1.888.782.4291

Both the replay of the call and the webcast will be available from August 28, 2013 until September 4, 2013.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933, as amended, Section 21E of the US Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. Words such as "believe", "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "project", "goal", "target" and similar expressions often identify forward-looking statements but are not the only way we identify these statements. All statements other than statements of historical fact included in this press release regarding our future performance, plans to increase revenues or margins or preserve or expand market share in existing or new markets, plans to reduce expenses, and any statements regarding other future events or our future prospects, are forward-looking statements.

We have based these forward-looking statements on our current knowledge and our present beliefs and expectations regarding possible future events. These forward-looking statements are subject to risks, uncertainties and assumptions about Partner, consumer habits and preferences in cellular telephone usage, trends in the Israeli telecommunications industry in general, the impact of current global economic conditions and possible regulatory and legal developments. For further information regarding of some of the risks we face, see "Item 3.Key Information - 3D. RiskFactors", "Item4. InformationontheCompany", "Item 5. OperatingandFinancialReviewandProspects", "Item 8. Financial Information - 8A. Consolidated Financial Statements and Other Financial Information - 8A.1 Legal and Administrative Proceedings" and "Item 11. Quantitative and Qualitative Disclosures about Market Risk" in the Company's 2012 Annual Report (20-F) filed with the SEC on March 19, 2013.Inlightoftheserisks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and actual results may differ materially from the results anticipated. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The financial results presented in this press release are unaudited financial results.

The results were prepared in accordance with IFRS, other than Adjusted EBITDA and free cash flow before interest payments, which are non-GAAP financial measures.

The financial information is presented in NIS millions (unless otherwise stated) and the figures presented are rounded accordingly.

The convenience translations of the Nominal New Israeli Shekel (NIS) figures into US Dollars were made at the rate of exchange prevailing at June 30, 2013: US $1.00 equals NIS 3.618. The translations were made purely for the convenience of the reader.

Use of Non-GAAP Financial Measures:

'Adjusted EBITDA' represents earnings before interest (finance costs, net), taxes, depreciation, amortization (including amortization of intangible assets, deferred expenses-right of use, and share based compensation expenses) and impairment charges, as a measure of operating profit. Adjusted EBITDA is not a financial measure under IFRS and may not be comparable to other similarly titled measures in other companies. Adjusted EBITDA may not be indicative of the Company's historic operating results nor is it meant to be predictive of potential future results. Adjusted EBITDA is presented solely to enhance the understanding of our operating results. We use the term "Adjusted EBITDA" to highlight the fact that amortization includes amortization of deferred expenses - right of use and employee share- based compensation expenses, but Adjusted EBITDA is fully comparable to EBITDA information which has been previously provided for prior periods. Reconciliation between our net cash flow from operating activities and Adjusted EBITDA on a consolidated basis is presented in the attached summary financial results.

About Partner Communications

Partner Communications Company Ltd. ("Partner") is a leading Israeli provider of telecommunications services (cellular, fixed-line telephony and internet services) under the orange™ brand and the 012 Smile brand. Partner's ADSs are quoted on the NASDAQ Global Select Market™ and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR).

For more information about Partner, see: http://www.orange.co.il/en/Investors-Relations/lobby/

PARTNER COMMUNICATIONS COMPANY LTD.

(An Israeli Corporation)

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

   



New Israeli shekels

Convenience

translation into

U.S. dollars

June 30,   December 31, June 30,
2013 2012 2013
 

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Iron Mountain to Enter Colombian Records Storage and Information Management Market

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Iron Mountain to Enter Colombian Records Storage and Information Management Market

Acquisition Will Support Strategy to Expand Leadership in Emerging Markets

BOSTON--(BUSINESS WIRE)-- Storage and information management company Iron Mountain Incorporated (NYS: IRM) , has agreed to acquire Secure Data Solutions Colombia S.A.S. and G4S Document Delivery S.A.S., the Colombian records management and data protection business of G4S, the leading global security and outsourcing firm. This acquisition represents Iron Mountain's entry into the Colombian market. Total consideration for the acquisition is approximately $54 million. The transaction is expected to close by the end of September and is subject to customary closing conditions.


Secure Data Solutions Colombia S.A.S. is the largest records management provider in Colombia, providing Iron Mountain with a solid platform for long-term country leadership. The transaction is Iron Mountain's second in Latin America this year and offers the potential for future integration benefits within the company's existing Latin American business, which includes operations in Argentina, Brazil, Chile, Mexico and Peru. With the acquisition, Iron Mountain will assume responsibility for managing Secure Data Solutions' customer records, including approximately 2.4 million cubic feet of hardcopy documents and data protection tapes.

"This acquisition aligns with our objective to grow our presence in emerging markets that have attractive growth characteristics," said William Meaney, president and CEO of Iron Mountain. "Colombia is the fourth largest economy in Latin America with strong GDP growth and an improving business environment. Our entry into this important market is consistent with our strategy to capture the initial wave of records outsourcing by acquiring local storage companies with strong records management platforms and deep customer relationships."

"Our Secure Data Solutions business in Colombia is a very successful organic growth story," said Grahame Gibson, regional CEO for G4S Americas. "The business has become the market leader as a result of strong and focused management combined with sound growth and performance over the past several years."

"Secure Data Solution's impressive expansion and solid returns have been driven by delivering trusted and dependable service to organizations throughout Colombia," said Marc Duale, Iron Mountain's president of international operations. "We welcome their employees and customers and look forward to addressing their information storage and service needs."

Secure Data Solutions operates in multiple leased facilities across Colombia in the major markets of Bogota, Cali, Medellin and Pereira. The transaction follows Iron Mountain's purchase of Archivium in Brazil in the second quarter of 2013. Year to date, the company has invested approximately $110 million acquiring records storage companies in both North America and international markets.

About Iron Mountain

Iron Mountain Incorporated (NYS: IRM) is a leading provider of storage and information management solutions. The company's real estate network of over 64 million square feet across more than 1,000 facilities in 35 countries allows it to serve customers around the world. And its solutions for records management, data backup and recovery, document management and secure shredding help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information for business advantage. Founded in 1951, Iron Mountain stores and protects billions of information assets, including business documents, backup tapes, electronic files and medical data. Visit www.ironmountain.com for more information.

About G4S

G4S is the world's leading international security solutions group, which specialises in outsourced business processes in sectors where security and safety risks are considered a strategic threat. G4S is the largest employer quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S has operations in more than 125 countries and 620,000 employees. For more information on G4S, visit www.g4s.com.



Iron Mountain
Investor Relations Contacts:
Melissa Marsden, 617-535-8595
Senior Vice President, Investor Relations
melissa.marsden@ironmountain.com
or
Stephen P. Golden, 617-535-4769
Vice President, Investor Relations
sgolden@ironmountain.com
or
Media Contact:
Melissa Mahoney, 617-535-8310
Vice President, Corporate Communications
melissa.mahoney@ironmountain.com

KEYWORDS:   United States  North America  South America  Colombia  Massachusetts

INDUSTRY KEYWORDS:

The article Iron Mountain to Enter Colombian Records Storage and Information Management Market originally appeared on Fool.com.

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Logitech Introduces Ultrathin Touch Mouse

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Logitech Introduces Ultrathin Touch Mouse

Ultra-portable New Mouse Delivers Ideal Design and Functionality for Mobile Computing

NEWARK, Calif.--(BUSINESS WIRE)-- Today Logitech (SIX: LOGN) (NAS: LOGI) introduced its first ultra-portable touch mouse. The slim design of the Logitech® Ultrathin Touch Mouse perfectly complements today's computers, with sleek lines and a brushed aluminum body.

Logitech Ultrathin Touch Mouse (Photo: Business Wire)

Logitech Ultrathin Touch Mouse (Photo: Business Wire)


"Our personal technology needs are evolving rapidly, and people expect better design," said Charlotte Johs, Logitech global vice president of brand development and portfolio for PC accessories. "Whether it's a computer, tablet, smartphone or touch-navigation device, people are looking for thin, modern design that works fluidly. We created the Logitech Ultrathin Touch Mouse to give people an ultra-portable mouse that complements today's MacBook and Ultrabook computers."

With its thin, feather-light design, the Logitech Ultrathin Touch Mouse easily slips into any computer sleeve or pocket. Its silky-smooth touch surface is created by an invisible coating that helps you simplify Windows® 8 navigation, or take full advantage of the Multi-Touch navigation in OS X®.

Using Bluetooth® with Logitech Easy-Switch™ Technology, the Logitech Ultrathin Touch Mouse can connect wirelessly to your laptop, desktop and tablet at the same time, and you can easily switch among them with the flip of a switch. The mouse is rechargeable through USB and just one minute of charge time gives you enough power to keep working for another hour (based on typical user experience).

Pricing and Availability

Available in two color options, the Logitech Ultrathin Touch Mouse T630 in black and Logitech Ultrathin Touch Mouse T631 for Mac in white are expected to be available in the U.S. and Europe beginning in September 2013 and November 2013, respectively, for a suggested retail price of $69.99. For more information, please visit www.logitech.com or our blog.

About Logitech

Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, Logitech's combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).

Logitech, the Logitech logo, and other Logitech marks are registered in Switzerland and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company's website at www.logitech.com.

(LOGIIR)



Logitech
Elizabeth Van Slyke
510-713-5185
evanslyke@logitech.com

KEYWORDS:   United States  Europe  North America  California  Switzerland

INDUSTRY KEYWORDS:

The article Logitech Introduces Ultrathin Touch Mouse originally appeared on Fool.com.

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MB Financial, Inc. Announces Increase in Quarterly Dividend

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MB Financial, Inc. Announces Increase in Quarterly Dividend

CHICAGO--(BUSINESS WIRE)-- MB Financial, Inc. (the "Company"), (NAS: MBFI) announced today that its Board of Directors has declared a cash dividend of $0.12 per share, an increase from $0.10 per share paid in recent quarters, payable on September 30, 2013 to holders of record of the Company's common stock as of September 13, 2013.

MBFI is the $9.3 billion holding company for MB Financial Bank, N.A. MB Financial Bank is a locally operated financial institution that has been delivering competitive, personalized service for 100 years to businesses and individuals who live and work in the Chicago metropolitan area.


Safe Harbor Statement: Statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. By their nature, such statements are subject to numerous factors that could cause actual results to differ materially from those anticipated in the statements, as discussed in MB Financial's filings with the Securities and Exchange Commission.



MB Financial, Inc.
Jill York - Vice President and Chief Financial Officer
E-Mail: jyork@mbfinancial.com
1 (888) 422-6562

KEYWORDS:   United States  North America  Illinois

INDUSTRY KEYWORDS:

The article MB Financial, Inc. Announces Increase in Quarterly Dividend originally appeared on Fool.com.

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Carter's, Inc. Announces $400 Million Accelerated Share Repurchase Program

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Carter's, Inc. Announces $400 Million Accelerated Share Repurchase Program

ATLANTA--(BUSINESS WIRE)-- Carter's, Inc. (NYS: CRI) today announced that as part of its efforts to improve the Company's capital structure and return capital to shareholders, it has entered into agreements with JPMorgan Chase Bank, N.A., to repurchase $400 million of its common shares under an accelerated share repurchase ("ASR") program. The Company will acquire these common shares under the $700 million share repurchase authorization announced on August 22, 2013.

The Company expects to receive approximately 75% of the shares at the inception of the ASR program. The specific number of shares that the Company ultimately will repurchase will be determined at the completion of the ASR program, based generally on the daily volume-weighted average share price of the Company's common stock during a period of up to eight months, less an agreed discount and, with respect to $100 million of the ASR program, subject to provisions that establish a minimum and maximum number of repurchased shares. At settlement, the Company will either be entitled to receive additional shares of common stock or, under certain circumstances, be required to remit a settlement amount, payable, at the Company's option, in cash or common stock. All common shares repurchased under the accelerated share repurchase program will be retired.


About Carter's, Inc.

Carter's, Inc. is the largest branded marketer in the United States of apparel and related products exclusively for babies and young children. The Company owns the Carter's and OshKosh B'gosh brands, two of the most recognized brands in the marketplace. These brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally. They are also sold through more than 700 Company-operated stores in the United States, Canada, and Japan and on-line at www.carters.com and www.oshkosh.com. The Company's Just One You, Precious Firsts, and Genuine Kids brands are available at Target, and its Child of Mine brand is available at Walmart. Carter's is headquartered in Atlanta, Georgia. Additional information may be found at www.carters.com.

Cautionary Language

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to the ASR program. Such statements are based on current expectations only, and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. Factors that could cause actual results to materially differ include the risk of varying results and settlement of the ASR. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.



Carter's, Inc.
Sean McHugh, 404-745-2889
Vice President, Investor Relations & Treasury

KEYWORDS:   United States  North America  Georgia

INDUSTRY KEYWORDS:

The article Carter's, Inc. Announces $400 Million Accelerated Share Repurchase Program originally appeared on Fool.com.

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