BlackBerry Gains Security Approval for Use With UK Government Restricted Data
BlackBerry Gains Security Approval for Use With UK Government Restricted Data
LONDON, April 26 Research In Motion (RIM) (Nasdaq: RIMM - News; TSX: RIM - News) and Government security experts, CESG, today announced that RIM has gained approval for Government employees to use BlackBerry® devices to handle "Restricted" data. CESG is the National Technical Authority for Information Assurance and provides guidance to public and private bodies involved in secure data transmission.
BlackBerry is very popular with businesses and governments worldwide and RIM has been working with evaluation teams at CESG in Cheltenham to gain its approval of BlackBerry for broader public sector use.
Following the first phase of the evaluation, CESG released guidance that allows government customers to start deploying BlackBerry devices to their mobile staff. The guidance covers email, attachment viewing and access to application data through the BlackBerry Mobile Data System(TM).
"The BlackBerry solution provides a security architecture that is trusted by corporations and governments around the world to enhance their operations, productivity and responsiveness," said Mike Lazaridis, President and Co-CEO at RIM. "The CESG approval further demonstrates that RIM meets the stringent security requirements for government use in the UK."
The BlackBerry Enterprise Solution allows users to access their information wirelessly, while seamlessly protecting data against attack. The solution uses the Triple Data Encryption Standard (Triple-DES) and Advanced Encryption Standard (AES) encryption methods to encrypt data for wireless transmission, and AES encryption to protect data stored on the device. AES and Triple DES are both widely trusted encryption technologies that are considered computationally infeasible to break. The BlackBerry Enterprise Solution is designed so that data remains encrypted during transit between the BlackBerry Enterprise Server and a BlackBerry handheld device, allowing for the secure transmission of "Restricted" data.
About Research In Motion (RIM)
Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, Internet and intranet-based applications. RIM technology also enables a broad array of third party developers and manufacturers to enhance their products and services with wireless connectivity to data. RIM's portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry wireless platform, the RIM Wireless Handheld(TM) product line, software development tools, radio-modems and software/hardware licensing agreements. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific. RIM is listed on the Nasdaq Stock Market (Nasdaq: RIMM - News) and the Toronto Stock Exchange (TSX: RIM - News). For more information, visit www.rim.com or www.blackberry.com.
Forward-looking statements in this news release are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used herein, words such as "intend" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on assumptions made by and information available to Research In Motion Limited. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements include, without limitation, possible product defects and product liability, risks related to international sales and potential foreign currency exchange fluctuations, the initiation or outcome of litigation, acts or potential acts of terrorism, international conflicts, significant fluctuations of quarterly operating results, changes in Canadian and foreign laws and regulations, continued acceptance of RIM's products, increased levels of competition, technological changes and the successful development of new products, dependence on third-party networks to provide services, dependence on intellectual property rights and other risks and factors detailed from time to time in RIM's periodic reports filed with the United States Securities and Exchange Commission, and other regulatory authorities. The Company has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited. RIM, Research In Motion and BlackBerry are registered with the U.S. Patent and Trademark Office and may be pending or registered in other countries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. RIM assumes no liability and makes no representation, warranty or guarantee in relation to third party products or services.
--------------------------------------------------------------------------------
Source: Research in Motion (RIM)
RSA Security Acquires PassMark Security; Extends Leadership in Protecting Online Identities and Transaction
RSA Security Acquires PassMark Security; Extends Leadership in Protecting Online Identities and Transactions
BEDFORD, Mass., April 24 -- RSA Security Inc. RSAS today announced that it has acquired PassMark Security, Inc. A privately held company based in Menlo Park, PassMark delivers robust software- based authentication to millions of users worldwide, through some of the largest consumer-facing financial institutions.
RSA Security purchased PassMark for total consideration of $44.7 million, which consisted of $9.0 million in cash and the issuance of approximately 2.0 million shares of RSA Security common stock (based on the average of the prior 30 days' closing stock price as quoted by The NASDAQ Stock Market). For purposes of generally accepted accounting principles (GAAP), this transaction will be accounted for as a purchase, and the securities issued will be valued based on the average of the closing stock price on or around the closing date; as a result, for GAAP purposes, the merger consideration is currently estimated to be approximately $48.2 million.
In addition, RSA Security is setting aside $2.7 million to fund employee retention plans and termination costs. The Company will also reserve approximately 80,000 shares of its common stock related to the assumption of PassMark's stock option plan.
RSA Security expects this transaction to add in the range of $4 million to $5 million in revenue over the remainder of 2006 and in the range of $10 million to $15 million in revenue in 2007. Additionally, the Company anticipates that the acquisition will be mildly dilutive in the second and third quarters of 2006 and accretive beginning in the fourth quarter of 2006.
"As financial institutions of all sizes race to address the regulatory community's guidance on stronger authentication, this acquisition -- with its ability to expand the RSA eFraudNetwork(SM), broaden our distribution network, and add deep domain expertise in consumer authentication -- significantly strengthens our position in the market," said Art Coviello, president and CEO of RSA Security. "Since our successful acquisition of Cyota and the great traction we are gaining in the marketplace, we have become even more bullish about our opportunity."
The acquisition of PassMark will extend and broaden RSA Security's channels-to-market in the financial sector by adding further depth to a growing distribution network, and customers and prospects of both organizations are set to gain from an expansion of RSA Security's sales, implementation and support teams. RSA Security believes that the acquisition will strengthen its move to establish itself as a strategic hub for the financial marketplace, providing the ability to authenticate and protect all aspects of online banking and e-commerce: end-users, merchants and transactions.
Mr. Coviello continued: "RSA Security has clearly differentiated itself in the authentication market with a broad-based, adaptive approach. Now we are gaining from the addition of more than 20 leading financial institutions to our consumer online banking portfolio -- and the deep market knowledge and experience of this group."
The deal further enhances RSA Security's broad consumer identity protection portfolio that features a comprehensive range of authentication options and anti-fraud capabilities. It also gives more than 20 leading financial institutions the ability to contribute information to the RSA eFraudNetwork, the world's largest cross-bank collaborative anti-fraud community, which in turn can benefit their tens of millions of online banking customers by protecting them from online fraud. The Network tracks online criminal behavior across banking institutions, around the globe, enabling the Company to protect all the businesses on the Network from fraud attempts in real-time. All expansion to the Network helps to make its anti-fraud capabilities and reach more effective and more pervasive -- to the benefit of every member.
RSA Security is also acquiring PassMark's proven solutions that are currently protecting millions of online users worldwide every day. These include: a two-factor authentication solution that authenticates each user to a Web site based on a password and specific positive device forensics -- and, at the same time, authenticates the site to the user with visual images, offering both parties assurances that they are taking part in a legitimate transaction; and a voice-based biometric authentication system -- that identifies wired and wireless phones in combination with biometric voiceprints -- to instantly authenticate remote users over the phone. RSA Security will continue to develop and support these products to meet the needs of customers. In addition, the Company will leverage these technologies to further enhance its RSA(R) Adaptive Authentication offering, which allows the dynamic tailoring of authentication methodologies according to specific user preferences and scenarios.
Bill Harris, chairman of PassMark, added, "Joining forces with RSA Security is the right move at the right time: as the industry moves to facilitate the mass-adoption of identity protection solutions, success will depend on the availability of a full suite of authentication offerings -- and genuine flexibility and choice for enterprises and their customers. I am delighted that PassMark's technology will form part of a robust and complete solution from RSA Security, with its strong history of technical excellence, customer service and support."
Board of Directors
RSA also announced the appointment of Bill Harris to RSA Security's board of directors, effective immediately following the closing of the transaction.
Mr. Harris co-founded PassMark and served as the chairman of its board of directors. In an extraordinary career marked by innovation and entrepreneurial achievement, Mr. Harris has co-founded a number of companies and overseen significant growth, expansion and increased profitability during his tenure on the boards of directors of organizations including EarthLink, Macromedia and LowerMyBills.com. Mr. Harris has also served as the chief executive officer of Intuit and PayPal.
"We are delighted to welcome Mr. Harris to our board of directors," said James K. Sims, chairman of RSA Security's board of directors. "His deep knowledge of the financial services industry and consumer market, combined with his great experience as an entrepreneur, will make him a valuable advisor to our Company. Mr. Harris is a man of vision and has an established reputation as one of the leaders of our industry; we are excited about working alongside him as we extend our leadership in the protection of identities and assets online."
Financial Update
Guidance for the second quarter of 2006 and beyond is only current as of today, Monday April 24, 2006; the Company undertakes no obligation to update its estimates.
* The Company currently anticipates revenue for the second quarter of
2006 to be in the range of $89 million to $94 million, as compared to
the Company's previous guidance on April 17, 2006 of revenue in the
range of $88 million to $92 million. * The Company currently anticipates GAAP earnings per diluted share for
the second quarter of 2006 to be in the range of $0.05 to $0.09, as
compared to the Company's previous guidance on April 17, 2006 of GAAP
earnings per diluted share in the range of $0.06 to $0.10. * The Company currently anticipates non-GAAP earnings per diluted share
for the second quarter of 2006 to be in the range of $0.13 to $0.15, as
compared to the Company's previous guidance on April 17, 2006 of non-
GAAP earnings per diluted share in the range of $0.14 to $0.16. * GAAP earnings per diluted share, less the following anticipated charges
for the second quarter of 2006, equals non-GAAP earnings per diluted
share: -- A stock-based compensation charge in accordance with SFAS 123R in
the range of $4 million to $5 million, or $(0.04) to $(0.05) per
diluted share. -- Restructuring charges in the range of $500,000 to $1 million, or
$(0.00) to $(0.01) per diluted share, related to the Company's
restructuring of its engineering resources. -- Amortization charges of intangible assets primarily associated with
the acquisition of Cyota in the range of $1.3 million to $1.5
million, or $(0.01) per diluted share, compared to the Company's
previous guidance on April 17, 2006 of approximately $1.3 million in
charges.Use of Non-GAAP Financial Measures
The Company is providing non-GAAP financial measures as the Company believes that these figures are helpful in allowing investors to more accurately assess the ongoing nature of RSA Security's core operations. Further, management from time to time provides guidance with regard to future expectations of the business; both these GAAP and non-GAAP measures will assist investors in reconciling this forward-looking guidance to actual results. Additionally, the Company is providing GAAP and non-GAAP measures in order to illustrate the impact of recent changes in accounting regulations, and to assist investors with the comparison of current and prior period results.
The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Management uses both GAAP and non-GAAP measures when evaluating the business internally and therefore felt it important to make these same metrics available to investors.
Conference Call and Web Cast Information
RSA Security will host a conference call today at 9:00 a.m. ET. A live Web cast of this conference call will be available on the "Investor" page of the Company's website: www.rsasecurity.com. To access this call by telephone, dial (866) 592-8995 or (706) 634-1223. A replay will be available through midnight (ET) on Friday, April 28, 2006 at (800) 642-1687 or (706) 645-9291. Both live and replay numbers have a pass code of 8311984.
About RSA Security Inc.
RSA Security Inc. is the expert in protecting online identities and digital assets. The inventor of core security technologies for the Internet, the company leads the way in strong authentication and encryption, bringing trust to millions of user identities and the transactions that they perform. RSA Security's portfolio of award-winning identity and access management solutions helps businesses to establish who's who online -- and what they can do.
With a strong reputation built on a 20-year history of ingenuity, leadership and proven technologies, we serve more than 20,000 customers around the globe and interoperate with over 1,000 technology and integration partners. For more information, please visit www.rsasecurity.com.
This press release contains forward-looking statements regarding the benefits and synergies of RSA Security's acquisition of PassMark Security, Inc., the expected future business and financial performance of the combined company following the transaction and RSA Security's anticipated financial performance for the second quarter of 2006. Some of the important factors that could cause actual results to differ materially from those indicated by the forward-looking statements are RSA Security's ability to successfully integrate PassMark's employees and operations, the ability to realize anticipated synergies and cost savings as a result of the transaction, general economic conditions, changes in RSA Security's operating expenses, the long and unpredictable nature of the sales cycle for some of RSA Security's products, the timing of the introduction or enhancement of RSA Security's products and its competitors' and strategic partners' products, changes in product pricing, including changes in competitors' pricing policies, development and performance of RSA Security's direct and indirect distribution channels, delays in product development, competitive pressures, changes in customer and market requirements and standards, market acceptance of new products and technologies, technological changes in the computer industry, and the risk factors detailed from time to time in RSA Security's periodic reports and registration statements filed with the Securities and Exchange Commission, including, without limitation, RSA Security's Annual Report on Form 10-K filed on March 16, 2006
Valentine Candy Heart Messages For Wall Street
Valentine Candy Heart Messages For Wall Street
1. I'm long you.
2. Let's do a reverse split.
3. Let me be your full-service broker.
4. I'm into after-hours trading.
5. I want to cover your shorts.
6. You're Microsoft.
7. Let's play FTSE (Footsie).
8. I'm into bond-age, and stocks.
9. Let's show each other our Intimate Brands.
10. Kiss Intel. (Get it? Kiss and tell, kiss Intel, kiss and Intel... aw forget it.)
11. High liquidity, high volume.
12. I crave active management.
13. Fannie Mae, but I won't.
14. Don't worry, I've fixed my income.
15. I've got a gross domestic product.
16. I've had problems with inflation.
17. Is this forever, or just a one-time charge?
18. I'm too tired for a secondary offering.
19. Warning I have high turnover.
20. You speed up my ticker.
21. I'd like to caress your Mellon.
22. Sorry, I'm not into pork bellies.
23. I prefer to do it on the pink sheets.
Motorola and Sprint Unveil Affordable PCS Vision Phone
Motorola and Sprint Unveil Affordable PCS Vision Phone
Motorola C290 offers consumers value and mobility
For consumers who want mobility without the added cost, Motorola, Inc. MOT and Sprint S today have unveiled the Sprint PCS Phone C290 by Motorola.
The C290 is the first Sprint PCS Vision-enabled phone from Motorola. With its large, vibrant display, soft-touch exterior and sleek, compact design, the C290 is ideal for consumers who want a stylish phone and the conveniences of voice communication, SMS Text Messaging*, and Sprint PCS Vision(SM) services* to help them stay connected.
"The C290 by Motorola is an ideal phone for consumers looking for value in their mobile device," said Oliver Valente, senior vice president product development, Sprint Nextel. "The C290 is Motorola's first phone to support Sprint PCS Vision(R) and it paves the path for future mobile phone possibilities between the two companies."
With Sprint PCS Vision, customers can personalize the C290 by downloading the latest images, ringers, games, and other applications*. It's these compelling Sprint services* that enable consumers to reflect their unique interests and enjoy hours of entertainment on the go.
"The entry-level C290 puts us back in the game with Sprint and we couldn't be more thrilled," said Ron Garriques, president of Mobile Devices, Motorola. "This is a great opportunity to deliver wickedly cool products to Sprint and its customers, and we're confident that there's much more to come through this renewed relationship."
Motorola will be showcasing the new C290 as part of Motorola's rapidly evolving vision of Seamless Mobility during CTIA Wireless 2006 in Booth 2606.
For additional information on the Motorola C290, please visit http://www.hellomoto.com.
Pricing And Availability
The Motorola C290 is available at Sprint Stores nationwide and online at http://www.sprint.com for $179.99 or $29.99 after rebate.
Editors Note: For high-resolution images of Motorola's consumer solutions, please visit http://www.motorola.com/motoinfo.
About Sprint Nextel
Sprint Nextel offers a comprehensive range of communications services bringing mobility to consumer, business and government customers. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two robust wireless networks offering industry leading mobile data services; instant national and international walkie-talkie capabilities; and an award-winning and global Tier 1 Internet backbone. For more information, visit http://www.sprint.com.
About Motorola
Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of Seamless Mobility, the people of Motorola are committed to helping you get and stay connected simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.8 billion in 2005. For more information about our company, our people and our innovations, please visit http://www.motorola.com.
All features, functionality and other product specifications are subject to change without notice or obligation.
*Airtime, data charges, and/or additional charges may apply.
MOTOROLA and the Stylized M Logo are registered in the US Patent & trademark Office. All other product or service names are the property of their respective owners. Motorola, Inc. 2006. All rights reserved.
The Daily News - Friday, April 26, 1996
AFFI IPO News - from April 26, 1996
The Daily News - Friday, April 26, 1996Today's IPOs had a mixed first trading day. Affinity Technology Group (NASDAQ: AFFI), maker of electronic products which expedite financial transactions, rose $3 to $20 1/2.
Motorola to sell auto unit for $1 billion
Motorola to sell auto unit for $1 billion
E-mail | Print | | Disable live quotes By Jeffry Bartash, MarketWatch
Last Update: 10:55 AM ET Apr 3, 2006
WASHINGTON (MarketWatch) -- Motorola Inc. said Monday it will sell its automotive-electronics unit to Continental AG for $1 billion in cash, a move that would enable the world's No. 2 maker of wireless phones to focus almost exclusively on communications technology.
Continental AG, based in Hanover, Germany, is a large manufacturer of tires, but the company has also been expanding into the automotive-electronics business. Continental recently acquired a controlling interest in Temic, the auto-electronics arm of DaimlerChrysler.
Last year, the auto business generated only a fraction of Motorola's $36.8 billion in sales. Analysts estimate that auto-electronic sales totaled about $1.6 billion in 2005.
More
Affinity Announces 2005 Financial Results and Updates Patent Licensing Initiatives
Affinity Announces 2005 Financial Results and Updates Patent Licensing Initiatives
COLUMBIA, S.C.- April 3, 2006--Affinity Technology Group, Inc. (OTCBB:AFFI - News) today announced financial results for the fourth quarter and for the full year ended December 31, 2005.
Revenues for the quarter were $7 thousand, resulting in a net loss of $136 thousand, or $0.00 per share. For the comparable period in 2004, revenues were $5 thousand and the Company reported a net loss of $151 thousand, or $0.00 per share. The weighted average number of shares outstanding during the three months ended December 31, 2005 was 42.2 million, compared to 42.1 million for the same period in 2004.
For the year, revenues were $20 thousand, with a net loss of $566 thousand, or ($0.01) per share, compared to revenues of $287 thousand in 2004, with a net loss of $217 thousand, or ($0.01) per share. The weighted average number of shares outstanding during the twelve months ended December 31, 2005 was 42.2 million, compared to 41.9 million for the same period in 2004.
Joe Boyle, Chairman, President and Chief Executive Officer, stated, "Our financial results for 2005 are consistent with our expectations and our goals of minimizing our cash expenses while we prosecuted the reexamination of our U.S. Patent Nos. 5,940,811 and 6,105,007. In 2005, we successfully concluded the reexamination of our U.S. Patent 5,940,811 C1 and as announced last week, we successfully concluded the reexamination of our U.S. Patent No. 6,105,007, in which all our claims were upheld by the U.S. Patent and Trademark Office ("PTO"). All of our loan processing and financial account patents (including U.S. Patent No. 5,820,721 C1) have now been reexamined by the PTO.
Our immediate goal is to raise additional cash resources to capitalize on the successful conclusion of the reexamination of our patents. Now that we have successfully concluded the reexamination of U.S. Patent No. 6,105,007, the next stage of our business plan is to vigorously enforce our patent rights. In this regard, we plan to reactivate our lawsuits with Federated Department Stores, Ameritrade Holding Company and Household International, Inc. which have been stayed pending the outcome of the reexamination."
About Affinity Technology Group, Inc.
Through its subsidiary, decisioning.com, Inc., Affinity Technology Group, Inc. owns a portfolio of patents that covers the automated processing and establishment of loans, financial accounts and credit accounts through an applicant-directed remote interface, such as a personal computer or terminal touch screen. Affinity's patent portfolio includes U.S. Patent No. 5,870,721C1, No. 5,940,811C1, and No. 6,105,007.
Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that our business is subject to several substantial risks and uncertainties, including the Company's very limited capital resources and the possibility that we may be unable to raise additional capital in amounts sufficient to permit us to continue operations; the risk that we may lose all or part of the claims covered by our patents as a result of future challenges to our patents; the risk that our patents may be subject to additional reexamination by the U.S. Patent and Trademark Office or challenge by third parties; the possibility all or some of the holders of the convertible secured notes issued by the Company may take action to collect the amounts outstanding under these notes; the result of ongoing litigation; and unanticipated costs and expenses affecting the Company's cash position. If the Company is not able to raise additional capital immediately, it may be forced to consider alternatives for winding down its business, which may include offering its patents for sale or filing for bankruptcy protection. Moreover, if any of the holders of the convertible notes issued by the Company take action to collect the amounts owed by the Company under these notes, the Company will be forced to consider alternatives for winding down its business, which may include offering its patents for sale or filing for bankruptcy protection. These and other factors may cause actual results to differ materially from those anticipated.
Affinity Technology Group, Inc.
Statement of Operations
Three Months ended Twelve Months ended
December 31, December 31,
2005 2004 2005 2004
----------- ----------- ----------- -----------
Revenues
Patent license fees $ 7,026 $ 4,412 $ 20,261 $ 267,647
Other income - 1,051 - 19,651
----------- ----------- ----------- -----------
Total revenues 7,026 5,463 20,261 287,298
Costs and expenses
Cost of revenues 702 441 2,026 64,265
General and
administrative
expenses 117,189 132,608 486,607 732,285
----------- ----------- ----------- -----------
Total costs and
expenses 117,891 133,049 488,633 796,550
----------- ----------- ----------- -----------
Operating loss (110,865) (127,586) (468,372) (509,252)
Other income
(expenses):
Interest income 36 327 182 1,967
Interest expense (25,627) (23,654) (98,197) (95,990)
Litigation accrual
reversal - - - 386,148
----------- ----------- ----------- -----------
Net loss $ (136,456) $ (150,913) $ (566,387) $ (217,127)
=========== =========== =========== ===========
Net loss per share -
basic and diluted $ (0.00) $ (0.00) $ (0.01) $ (0.01)
=========== =========== =========== ===========
Shares used in
computing net loss
per share 42,225,096 42,053,223 42,207,884 41,926,272
=========== =========== =========== ===========
Balance Sheets December 31,
2005 2004
----------- -----------
Cash and Short Term
Investments $ 13,776 $ 62,756
Total Current Assets 147,515 109,991
Total Assets 152,311 121,240
Total Liabilities 2,200,682 1,634,763
Stockholders'
Deficiency (2,048,371) (1,513,523)
Contact:
Affinity Technology Group, Inc.
Joe Boyle, 803-758-2511
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Source: Affinity Technology Group, Inc.
