Posts Tagged ‘technology group inc’

Investment Technology Group to cut jobs, post Q2 net loss

Tuesday, July 12th, 2011


Tue Jul 12, 2011 5:47pm EDT

* Sees Q2 detriment of $4.62-$5.18 per share

* To take $210-$230 million goodwill spoil assign on
U.S. unit

* Shares down 3 percent

(Adds researcher comment, information on Jun U.S. trade volumes)

Jul 12 (Reuters) – Financial record organisation Investment
Technology Group Inc pronounced it would revoke costs by
cutting jobs and paring infrastructure to understanding with weak
institutional equity trade volumes.

U.S. normal daily volume of 192 million shares,
fell 3 percent from a prior month, as investors stayed on
the sidelines in an capricious mercantile environment.

The association pronounced it would take $16-$18 million in pre-tax
charges associated to a cost-cutting in a second quarter.

The association also pronounced it would record a goodwill impairment
charge in a U.S. stating section of between $210 million and
$230 million in a second quarter.

Wedbush researcher Nick Setyan pronounced while he approaching the
company to cut costs to continue a trade slowdown, the
magnitude of a cuts had come as a surprise.

However, he added, if trade volumes continued to
decline a association competence feel a need to cut costs further.

ITG expects a second-quarter detriment of between $4.62 and $5.18
per share, including charges taken due to a cost reduction,
the goodwill spoil assign and other expenses.

Adjusted gain per diluted share for a entertain is
expected to be 12-15 cents a share.

Analysts on normal had approaching a association to acquire 20
cents a share, incompatible items, according to Thomson Reuters
I/B/E/S.

Shares of a association were down 3 percent in trade after
the bell. They sealed during $13.69 on Tuesday on a New York Stock
Exchange.
(Reporting by Jochelle Mendonca in Bangalore; Editing by
Saumyadeb Chakrabarty)

Article source: http://www.reuters.com/article/2011/07/12/itg-idUSL3E7IC3LB20110712

OCZ Technology Announces Penguin Computing’s Deployment of Deneva Solid State …

Thursday, June 30th, 2011

SAN JOSE, Calif., Jun 30, 2011 (GlobeNewswire around COMTEX) –
OCZ Technology Group, Inc.


/quotes/zigman/115058/quotes/nls/ocz OCZ
-2.32%



, a heading provider of high-performance solid-state drives (SSDs) for computing inclination and systems, currently announced that a OCZ Deneva SSD Series was comparison by Penguin Computing for formation with their servers, workstations, and storage solutions. The Deneva Series delivers higher performance, durability, and energy potency over normal tough drives, assisting Penguin broach an even some-more strong resolution to their clients.

“Penguin Computing is a heading provider of High Performance and Enterprise Computing solutions for Fortune 500, supervision and educational customers. Looking for storage efficiency, limit information throughput and a tiny handling footprint, some-more and some-more of a business wish to take advantage of a advantages SSD formed storage record has to offer,” pronounced Charles Wuischpard, CEO during Penguin Computing. “We are vehement about a partnership with OCZ that allows us to improved residence a augmenting direct for plain state formed storage solutions.”

“We are gratified to work alongside Penguin Computing, a personality in a space, on building cutting-edge SSD solutions for workstations, rackmounted servers, and cluster systems geared for HPC applications,” pronounced Richard Singh, CSO during OCZ Technology Group. “OCZ Deneva SSDs are intensely strong storage products and we are vehement that, partnered together, Penguin can broach SSD appliances for HPC clusters with opening gains and higher sum cost of tenure to a craving clients.”

Based in Fremont, California, Penguin Computing has specialized in Linux given 1998, concentrating on delivering a best Linux-based user knowledge by a multiple of cluster government software, slicing corner systems, and services all designed to dramatically facilitate a deployment and government of vast pools of servers. Penguin’s server solutions underline tip of a line hardware components and are installed, integrated and upheld by engineers eminent for their in-depth imagination in Linux deployment. Penguin’s proven designs along with build and formation imagination capacitate fast deployment, permitting clients to be immediately prolific with application-ready systems.

Striving to broach a ultimate capability for a many perfectionist applications, Penguin Computing chose OCZ Deneva SSDs for their Linux systems to residence business who need entrance to absolute nonetheless energy-efficient computing. As a direct for optimal storage efficiency, information throughput, and handling footprints enlarge opposite several industries, OCZ will continue to partner with Penguin, providing products that raise capability and value for HPC customers.

About Penguin Computing

Penguin Computing is a tellurian personality in high-performance computing (HPC), delivering complete, integrated HPC solutions, from a workstation to a cloud. With a concentration on cutting-edge technology, ease-of-use and well-developed patron service, Penguin cost-effectively meets a needs of a world’s many perfectionist HPC users, including Caterpillar, Lockheed Martin, a U.S. Air Force, and a U.S. Navy. Today, Penguin delivers a operation of solutions, from large Linux clusters to “Penguin on Demand” (POD), a new use that provides a finish HPC resolution in a cloud. Penguin has been an dignitary in HPC solutions for over a decade, and a company’s owner Donald Becker is famous as a “Father of Linux Clustering.” For some-more information about Penguin Computing and Penguin products greatfully go to
www.penguincomputing.com .

Penguin Computing is a purebred heading of Penguin Computing, Inc. Penguin on Demand is a tentative heading in a U.S. All other trademarks are skill of their particular owners. Other product or association names mentioned might be trademarks or trade names of their particular companies.

About OCZ Technology Group, Inc.

Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. (OCZ), is a personality in a design, manufacturing, and placement of high opening and arguable Solid-State Drives (SSDs) and reward mechanism components. OCZ has built on a imagination in high-speed memory to turn a personality in a craving and consumer SSD markets, a record that competes with normal rotating captivating tough hoop drives (HDDs). SSDs are faster, some-more reliable, beget reduction feverishness and use significantly reduction energy than a HDDs used in a infancy of computers today. In further to SSD technology, OCZ also offers high opening components for computing inclination and systems, including enterprise-class energy government products as good as leading-edge mechanism gaming solutions. For some-more information, greatfully visit:
www.ocztechnology.com .

The OCZ Technology Group, Inc. trademark is accessible during

http://www.globenewswire.com/newsroom/prs/?pkgid=7439

This news recover was distributed by GlobeNewswire,
www.globenewswire.com

SOURCE: OCZ Technology



        CONTACT: Media Contact:
        McGrath|Power Public Relations
        Derek James
        (408) 727-0351
        DerekJames@mcgrathpower.com
        Investor Relations Contact:
        OCZ Technology Group, Inc.
        Bonnie Mott, Investor Relations Manager
        408-440-3428
        bmott@ocztechnology.com
        


(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.

/quotes/zigman/115058/quotes/nls/ocz



Add OCZ to portfolio

OCZ

Article source: http://www.marketwatch.com/story/ocz-technology-announces-penguin-computings-deployment-of-deneva-solid-state-drives-ssd-for-servers-and-workstations-2011-06-30?reflink=MW_news_stmp

OCZ and SanDisk broach MLC SSD devices; some-more information storage news

Tuesday, June 28th, 2011

OCZ Technology Group Inc. and SanDisk Corp. any rolled out craving multi-level cell
solid-state expostulate (MLC
SSD
) inclination this week. OCZ launched a Deneva 2 6 Gbps SATA interface SSD while SanDisk added
a 6 Gbps SAS indication to a Lightning Enterprise Flash Drive (EFD) family.

The Deneva 2 drives, that use SandForce controllers, are accessible in 2.5-inch, 3.5-inch and
1.8-inch form factors. The new SanDisk EFD drives come in 100 GB, 200 GB and 400 GB capacities with
single-level dungeon (SLC) NAND, and 200 GB, 400 GB and 800 GB MLC
versions. SanDisk pronounced Hewlett-Packard is regulating a drives for ProLiant servers.

HP hooks MSA into VMware vStorage APIs for Array Integration

Hewlett-Packard (HP) Co. combined support for VMware
vStorage APIs for Array Integration (VAAI)
to a HP P2000 G3 Modular Smart Array (MSA)
entry-level/SMB storage system, The HP P2000 G3 MSA also supports HP Insight Control Storage Module
Manager for VMware vCenter Server, permitting for storage government by a vCenter Server
console.

Enhance unveils dual-active 10 GbE iSCSI SAN system

Enhance Technology Inc. expelled a UltraStor ES3160TG-D dual-controller 10 GbE iSCSI SAN storage
system. The ES3160TG-D extends a dual-controller UltraStor ES line that now offers
solutions in Fibre Channel (FC-D), iSCSI (P4-D), SAS (SS-D) and Expansion Arrays (JS-D). ES3160TG-D
uses a 6 Gbps SAS backplane, has a 1,200 MBps postulated information send rate and beam to 192 TB
with a SAS enlargement chassis.

Nexenta releases program for government of scale-out storage environments

Nexenta Systems Inc. launched Namespace Cluster, that allows users to bond thousands of
nodes to work together as one record system. Namespace Cluster runs with a vendor’s NexentaStor 3.1
open source one storage software, that adds new facilities such as metro and widen cluster
capabilities, and asynchronous replication

NetEx creates WAN optimization giveaway for EqualLogic

NetEx is charity dual giveaway one-year subscriptions of a 2 Mbps HyperIP WAN
Optimization
practical apparatus for Dell EqualLogic iSCSI SAN business who replicate information over
the WAN. EqualLogic PS array business can download a practical apparatus from a NetEx
website.

QStar rolls out hoop archiving software

QStar Technologies Inc. has launched QStar Retention Manager for Disk program for creating
archives adult to 16 TB. Retention Manager for Disk uses giveaway spaces on hoop to emanate an archive, and
lets business set policies per information set for influence periods. It also supports WORM to make
archived files read-only and to forestall random deletion. Data sets within a repository can be
shared regulating CIFS or NFS.

Astute Networks expands executive team

Bladed storage startup Astute Networks Inc. has hired Steven Houck as comparison clamp boss of
worldwide sales and Jay Kramer as clamp boss of worldwide marketing. Both executives will
report directly to CEO Steve Topper.

Zerto comes out with practical appurtenance replication

Zerto came out of secrecy with program to replicate practical machines for disaster
recovery.
Zerto’s program is in beta. The association was founded by brothers Ziv Kedem and Oded
Kedem, who also founded Kashya (which was acquired by EMC). Kashya record is used for EMC’s
RecoverPoint riposte software.

Kodak gives Avere on-site support

Kodak Service and Support will supply on-site support for Avere Systems FXT Series NAS
appliances. FXT systems accelerate NAS devices.

SDSC uses Fusion-io for bioinformatics research

The San Diego Supercomputer Center (SDSC), a investigate section of UC San Diego, is regulating Fusion-io’s
ioMemory record for data-intensive computing initiatives. SDSC uses Fusion-io Protein Data Bank
(PDB) research, shortening a time of conducting MySQL database queries from 30 mins to three
minutes.

Egnyte adds record pity plug-in

Egnyte Inc. expelled a Personal Local Cloud 6.0 and a Egnyte Outlook e-mail plug-in — the
two products build on Egnyte’s hybrid cloud
solution. Egnyte Cloud File Server delivers stretchable entrance and pity with a prominence and
control compulsory for protected record sharing. For faster record access, business can supplement Personal Local
Cloud to concede users to share, store and conduct files on their LAN. Both a Personal Local Cloud
6.0 and Egnyte Outlook e-mail plug-in collection move a cloud to a business user’s desktop and
Outlook.

Acronis ships Backup Recovery 11

Acronis Inc. began shipping Backup Recovery 11 for disaster liberation and information protection.
Backup
Recovery 11
protects earthy and practical machines, and provides off-site storage by
storing files and complement images in a cloud.





Article source: http://www.pheedcontent.com/click.phdo?i=8afa409874e7f0f5341a22f9c4a3e22f

New Oriental Education & Technology Group we Reaches New 52-Week High (EDU)

Tuesday, April 26th, 2011

NEW YORK (TheStreet) — New Oriental Education Technology Group I (NYSE:EDU) strike a new 52-week high Tuesday as it is now trade during $120.30, above a prior 52-week high of $120.20 with 74,535 shares traded as of 11:21 a.m. ET. Average volume has been 347,900 shares over a past 30 days.

New Oriental Education Technology Group we has a marketplace top of $4.6 billion and is partial of a services zone and diversified services industry. Shares are adult 10.5% year to date as of a tighten of trade on Monday.

New Oriental Education Technology Group Inc. provides private educational services essentially in a People’s Republic of China. The association has a P/E ratio of 45.7, next a normal diversified services attention P/E ratio of 55.6 and above a SP 500 P/E ratio of 16.7.

  • Practice your EDU trade strategies and win money in a stock game.

TheStreet Ratings rates New Oriental Education Technology Group we as a buy. The company’s strengths can be seen in mixed areas, such as a strong income growth, mostly plain financial position with reasonable debt levels by many measures, considerable record of gain per share growth, constrained expansion in net income and plain batch cost performance. We feel these strengths transcend a fact that a association is trade during a reward gratefulness formed on a examination of a stream cost compared to such things as gain and book value. You can perspective a full New Oriental Education Technology Group we Ratings Report.

See all 52-week high stocks or get investment ideas from a investment investigate center.

For some-more information on New Oriental Education Technology Group we click any of a following:

Article source: http://www.thestreet.com/story/11094403/1/new-oriental-education-technology-group-i-reaches-new-52-week-high-edu.html

OCZ Technology to Host Fiscal 2011 Fourth Quarter and Year End Conference Call

Thursday, April 21st, 2011

SAN JOSE, Calif., Apr 21, 2011 (GLOBE NEWSWIRE) — OCZ Technology Group, Inc. (Nasdaq:OCZ), a heading designer, manufacturer and distributor of high-performance plain state drives, will horde a mercantile 2011 fourth entertain and year finish discussion call for a duration finished Feb 28, 2011 on Tuesday, May 3, 2011 during 5:00 PM ET (2:00 PM PT). Ryan Petersen, CEO, and Arthur Knapp, CFO, will benefaction a Company’s financial formula on a call.

All meddlesome parties can join a call by dialing (877) 372-0867 or (253) 237-1170. Please call-in 15 mins before to a call to secure a line. The discussion call will be archived for replay until Jun 3, 2011. To entrance a archived discussion call, greatfully dial (800) 642-1687 or (706) 645-9291 and enter replay passcode 62639319.

A live audio webcast of a discussion call will be accessible by visiting a Investor Relations events discussion call territory of OCZ’s website during http://ir.stockpr.com/ocztechnology/conference-calls, that will be archived for replay. Please bond during slightest 15 mins before to a discussion call to safeguard adequate time for connection.

This morning a Company filed an nice 10Q for a duration finale Nov 30, 2010 that corrects certain typographical errors in line object information associated to product organisation income and money upsurge for a 3 and 9 months finished Nov 30, 2009. The totals in a chronological financials as formerly presented were scold and no rendering of a financials is necessary.

About OCZ Technology Group, Inc.

Founded in 2002, OCZ Technology Group, Inc. (OCZ) is a personality in a design, manufacturing, and placement of high opening and arguable solid-state drives (SSDs). OCZ has built on a imagination in high-speed memory to turn a personality in a SSD market, a record that competes with normal rotating captivating tough hoop drives (HDDs). In further to SSD technology, OCZ also offers high opening components for computing inclination and systems, including enterprise-class energy government products. For some-more information, greatfully visit: www.ocztechnology.com.

The OCZ Technology Group, Inc. trademark is accessible during http://www.globenewswire.com/newsroom/prs/?pkgid=7439

CONTACT: Investor Relations Contact:
         OCZ Technology Group, Inc.
         Bonnie Mott, Investor Relations Manager
         408-440-3428
         bmott@ocztechnology.com

Article source: http://www.globenewswire.com/newsroom/news.html?d=219507

OCZ Technology Group Well Off Lows After Seeking Alpha Hit Job (OCZ)

Wednesday, April 20th, 2011

Seeking Alpha apparently has turn a subsequent Muddy Waters, generally in a approach it moves a markets.

A disastrous square was put out this morning on OCZ Technology Group Inc. (NASDAQ: OCZ) job a association a rascal essentially, and this sent shares down some 30%.

Shares have given rebounded approximately half of those losses, though are still down scarcely 18%, a detriment of $1.72 to $7.88. This comes on 16.3 million shares, good above a normal daily volume of 900,000 shares.

OCZ Technology Group, Inc. designs, develops, manufactures, and distributes mechanism components for computing inclination and systems worldwide.



Article source: http://www.benzinga.com/movers/11/04/1020284/ocz-technology-group-well-off-lows-after-seeking-alpha-hit-job-ocz

Skybridge Technology Group, Inc. (SKGO) to Supply Busch Gardens – PR

Sunday, April 17th, 2011

Skybridge Technology Group, Inc. (PINK SHEETS:SKGO) (www.skybridgetechgroup.com) is unapproachable to announce that a Textraw International auxiliary (www.textrawinternational.com) has been contacted by Busch Gardens about regulating Textraw’s law product in a entertainment parks.

SKGO President/CEO Jeff Burns says Textraw was contacted by Joe Parr, a horticulture executive of Busch Gardens’ (www.buschgardens.com) Tampa, FL park, about regulating Textraw in their landscaping. Textraw is a fake hunger straw that is done with recycled post-consumer throw recovered from cosmetic divert bottles and appears matching to fresh, healthy straw. The park has been ground-testing Textraw’s law product for a final dual years. The formula are now in, and Textraw has upheld with drifting colors.

Parr is negotiating pricing and settled that he would like to supply all of a company’s parks with Textraw. One premonition was associated to a cost of shipping a product from Textraw’s former comforts in Greer, South Carolina to a park in Tampa, Florida; however, with a new relocation of Textraw’s bureau to Brooksville, Florida, this understanding now looks promising.

The sell sale of hunger needles is a multi-million-dollar attention in a southeastern United States. Pine needles are used for landscaping, in that they duty as belligerent cover, replacing mulch. Contractors also widespread them during building sites to revoke dirt reeling by equipment. The volume of income spent on landscaping has tripled in a final 5 years, formulating an sparkling attention with lots of room for enlargement and growth.

In other association news, SKGO is in a routine of subscribing to OTC Markets filing service, that should turn effective within a subsequent 7 to 10 days. The association will start releasing information thorugh this service, and should lift a OTC Markets tier standing from “Stop” to “Yield” shortly. Until a OTC filing use is unlocked, a association intends to recover critical updates regulating a IR representative’s website over a march of a weekend (April 16-17, 2011). SKGO government urges a supporters to examination association filings @ http://www.minamargroup.net/support/index.php?_m=downloads_a=view.

More sum to follow.

Safe Harbor Statement

Information in this news recover might enclose statements about destiny expectations, plans, prospects or opening of Skybridge Technology Group, Inc. that consecrate forward-looking statements for functions of a Safe Harbor Provisions underneath a Private Securities Litigation Reform Act of 1995. The difference or phrases “can be,” “expects,” “may affect,” “believed,” “estimate,” “project” and identical difference and phrases are dictated to brand such forward-looking statements. Skybridge Technology Group, Inc. cautions we that any forward-looking information supposing by or on interest of Skybridge Technology Group, Inc. is not a pledge of destiny performance. None of a information in this press recover constitutes or is dictated as an offer to sell bonds or investment recommendation of any kind. Skybridge Technology Group, Inc.’s tangible formula might differ materially from those expected in such forward-looking statements as a outcome of several critical factors, some of that are over Skybridge Technology Group, Inc.’s control. In further to those discussed in Skybridge Technology Group, Inc.’s press releases, open filings, and statements by Skybridge Technology Group, Inc.’s management, including, though not singular to, Skybridge Technology Group, Inc.’s guess of a sufficiency of a existent collateral resources, Skybridge Technology Group, Inc.’s ability to lift additional collateral to account destiny operations, Skybridge Technology Group, Inc.’s ability to repay a existent indebtedness, a uncertainties concerned in estimating marketplace opportunities, and in identifying contracts that compare Skybridge Technology Group, Inc.’s capability to be awarded contracts. All such forward-looking statements are stream usually as of a date on that such statements were made. Skybridge Technology Group, Inc. does not commence any requirement to publicly refurbish any forward-looking matter to simulate events or resources after a date on that any such matter is done or to simulate a occurrence of amazing events.

Skybridge Technology Group, Inc.

Article source: http://pr-usa.net/index.php?option=com_content&task=view&id=694388&Itemid=30