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COSTA MESA, Calif., Dec. 5, 2005 (PRIMEZONE) -- Emulex service provider (NYSE:ELX), probably the most trusted identify in storage networking connectivity, nowadays introduced that NEC agency has integrated its award-winning InSpeed(tm) embedded storage switching expertise into the most recent fashions of NEC Storage S collection line of midrange and entry-degree storage options -- the S500, S1500 and S2500 models. NEC has integrated Emulex's InSpeed SOC 422 to create a "switched bunch of disks (SBOD(tm))" utility, which dramatically improves the performance, reliability, availability and serviceability (RAS) of storage solutions by bringing switched connectivity to each and every particular person disk pressure in the storage array. These models, integrated with Emulex's InSpeed SOC 422 embedded storage switch, can be found for buy now.
"Emulex became the first to offer an embedded storage switch that addresses the trade's push into 4 Gb/s storage networking solutions. by means of working carefully with NEC to deploy its next era switched-based storage solutions, our joint valued clientele are offered with a sturdy suite of items for both the entry-level and midrange markets," mentioned Mike Smith, government vp of global advertising and marketing, Emulex organization. "employing InSpeed's reducing-edge technology, has helped NEC to supply unparalleled efficiency and reliability, and reinforces its place as a leading issuer of midrange and entry-stage storage solutions."
Emulex's InSpeed SOC 422 is the trade's first four Gb/s embedded storage switching answer, offering 22 ports of connectivity in a incredibly built-in gadget that is foremost for imposing a wide variety of embedded storage purposes, including SBODs, root switches and wholly switched architectures. as with any models of InSpeed, this solution is backward-appropriate, allowing flexibility in implementation and helping clients evade expensive improvements. NEC Storage S collection combines the benefits of the InSpeed SOC 422 with additional state-of-the art technologies such as a excessive performance data course between dual controller cache reminiscences, advanced diagnostic capabilities that permit preventive disk drive maintenance and as much as 120 disk drives featuring 25.7 terabytes (RAID-5) of storage. The NEC Storage S sequence line of disk arrays raises the bar when it comes to the capabilities obtainable in midrange and entry-stage storage options.
"Emulex has long provided NEC with probably the most finished, resourceful items to aid augment the efficiency, serviceability and reliability of the NEC Storage S collection family of items," mentioned Tetsuyuki Hishikawa, Senior supervisor 1st Engineering department equipment File products Division, NEC organization. "As our purchasers migrate to subsequent generation storage solutions, they are smartly-equipped to automatically benefit from better reliability, availability and serviceability of the InSpeed options. Integrating the Emulex InSpeed SOC 422 makes it easy for NEC to deliver element-to-point switched connectivity to the individual drives in the storage array, and allow new diagnostic and preventative preservation capabilities. Our customers will reap the rewards of this built-in solution."
concerning the Emulex InSpeed SOC 422 Embedded Storage switch
Emulex's award-successful, box-confirmed InSpeed embedded storage switching technology enhances the reliability, availability, serviceability, and efficiency by way of bringing switched connectivity inside the storage system. With its third-generation InSpeed expertise, Emulex has improved both the pace to four Gb/s and port count of its embedded storage switch technologies. moreover, the SOC 422 supports in-band communications, disposing of the want for a expensive external processor for SCSI Enclosure functions (SES) and decreasing OEM implementation fees by means of greater than 50 p.c over old generations. For greater tips on Emulex's InSpeed SOC 422 embedded storage swap, go to http://www.emulex.com/items/fcswitch/422.html.
Emulex organisation is essentially the most depended on name in storage networking connectivity, with solutions spanning host bus adapters, embedded storage switches, I/O controllers and SAN Storage Switches. Emulex ranked number 19 in the Deloitte 2005 expertise speedy 50 and is listed on the new york stock change (NYSE:ELX).
the area's leading server and storage providers rely on Emulex HBAs, embedded storage switching and that i/O controller products to construct official, scalable and high efficiency storage solutions. The Emulex award-winning product families, together with its LightPulse(r) HBAs and InSpeed(tm) embedded storage switching items, are in accordance with internally developed ASIC, firmware and utility applied sciences, and offer consumers high efficiency, scalability, flexibility and decreased complete charge of possession. The company's items were selected via the area's main server and storage suppliers, including Bull, Dell, EMC, Engenio, Fujitsu Ltd., Fujitsu Siemens, HP, Hitachi information techniques, IBM, NEC, community appliance, Quantum Corp., sun Microsystems, Unisys and Xyratex. corporate headquarters are located in Costa Mesa, California. news releases and different assistance about Emulex employer can be found at http://www.emulex.com.
EMULEX / We community storage
Emulex safe Harbor observation
"secure Harbor" commentary below the private Securities Litigation Reform Act of 1995: except for historic assistance, the statements set forth above include forward-searching statements that involve risk and uncertainties. The company needs to caution readers that a couple of important elements might trigger exact effects to differ materially from these in the ahead-searching statements. those components consist of the all of a sudden changing nature of know-how, evolving business requirements and familiar introductions of recent products and enhancements via rivals; fluctuation in the growth of Fibre Channel and IP markets; adjustments in economic conditions or adjustments in end-person demand for know-how solutions; fluctuations or delays in client orders; the highly competitive nature of the markets for Emulex's items; Emulex's ability to gain market acceptance for its items; the company's potential to attract and continue knowledgeable personnel; the enterprise's reliance on third-party suppliers. These and different elements which may cause genuine consequences to vary materially from those in the ahead-searching statements are additionally mentioned in the business's filings with the Securities and alternate fee, including its fresh filings on varieties 8-k, 10-okay and 10-Q. All logos, change names, carrier marks, and symbols referenced herein belong to their respective companies.
The Emulex agency business brand will also be found at http://www.primezone.com/newsroom/prs/?pkgid=1744Emulex corporationRobin Austin, Director, Public family members 714-885-3462
Dividends are now and again a controversial subject for traders. it is especially true of tech groups, where competition is fierce, the increase quintessential is powerful, and the danger of know-how alterations are always a chance. Dividends regularly simply don't look like a smart strategy to spend money for tech companies. Steve Jobs turned into famously averse to dividends at Apple. New CEO Tim prepare dinner reinitiated a dividend in 2012 -- after a 17-yr hiatus -- amid activist pressure.
Of direction, the decision to pay a dividend most likely becomes more straightforward in case you own a controlling pastime in the enterprise, as Ubiquiti Networks (NASDAQ: UBNT) CEO Robert Pera does. As part of its final salary unencumber, the business introduced it could begin paying a dividend, the primary ordinary dividend in the company's historical past. it's another milestone for the business, which has been on a superb run ever due to the fact 2016 -- even though no longer with out a number of bumps along the manner.
hundred-dollar bills rain down on a young man donning a blue shirt.greater
Ubiquiti Networks is beneficial patient shareholders. photograph supply: Getty photographs.The dividend resolution
Ubqiuiti introduced a quarterly per-share dividend of $0.25, with the ex-dividend date on Friday, Aug. 31, and the charge date on Sept. 10. The business plans to pay a daily dividend, which means this are usually not a one-time adventure. Ubiquiti has paid out two one-time dividends in its company existence, an $0.18 dividend in 2012 shortly after going public, and an additional $0.17 dividend in late 2014. A $1.00 annual price comes to a roughly 1.2% dividend yield at present prices, which is not too shabby.Can the business manage to pay for it?
Some can also wonder if Ubiquiti should be paying out cash, because the networking company units its attractions on competing with tech behemoths Cisco and HP commercial enterprise. besides the fact that children, Ubiquiti has the first rate fortune of being the infrequent high-growth business it's additionally enormously profitable.
Ubiquiti accomplishes this by using investing extremely little in promoting, commonplace, and administrative prices, relying as a substitute on the energy of the internet to virally unfold product advice, execute product assist, and recruit beta testers via its massive online group. Pera, a former Apple engineer, emphasizes R&D to make top notch items at low costs, believing they are going to well-nigh promote themselves to the enterprise's entrepreneurial shoppers online and thru third-celebration channels.there may be sufficient cash to move round
The model looks to be working. closing quarter, Ubiquiti suggested 18% revenue boom, 34.7% non-GAAP EPS boom, with 32.7% working margins. internet cash swelled to roughly $206 million, with $666.7 million in cash and $460.four million in long-time period debt. That pristine balance sheet is even more staggering since the company spent $445 million on share repurchases during the last year, retiring 7.2 milllion shares -- nearly 10% of its market capitalization.
Managment forecasts $four.00-$four.80 non-GAAP income per share for the existing fiscal yr, that means the dividend would amount to simplest a 25% payout ratio on the low end, which offers it plenty of room to pay that dividend.Shorts exchange their intellect
Ubiquiti's interesting company model has been controversial. It turned into the target of short-seller Citron research closing September, which went so far as to name the business a "fraud." (short-marketers wager towards a inventory and make cash when it falls.) In February, the SEC asked Ubiquiti for information related to "a number of subject matters," together with the company's accounting and relationships with third-birthday celebration distributors. The business said it intended to cooperate thoroughly with the SEC.
Ubiquiti had some respectable fortune when the 2017 tax legislation adjustments allowed it to repatriate its gigantic overseas cash holdings at a decrease tax expense. That no longer simplest allowed the enterprise to fund gigantic share repurchases, however also seemed to show its cash balances -- and hence its company -- were certainly actual. The enterprise also simply filed its annual report, which become audited by way of KPMG, one of the vital "big four" auditors.
in the past few months, it seems the market has gotten the message, as brief-pastime sharply declined.
UBNT statistics via YChartsBuybacks cease
seeing that the repatriation announcement in may additionally, Ubiquiti's inventory has been on a steady upward push. as soon as the inventory cleared $80 in can also, administration looks to have halted repurchases, in want of initiating the dividend.
Ubiquiti Networks Share Repurchases
$sixty nine.seventy two
might also 2018
$seventy nine.forty four
records supply: Uniquiti Networks annual document.What does the dividend imply?
Some may additionally wonder if the dividend alerts the company's excessive-growth days are over, or if administration now thinks the stock is relatively valued.
I don't feel it's always the case. The high conclusion of the company's information implies 30% non-GAAP EPS growth. furthermore, Ubiquiti's inventory has traditionally been tremendously volatile due to its low public go with the flow, and management has taken knowledge of this with aggressive repurchases during dips. In other phrases, management is likely aware of the stock's volatile buying and selling historical past, and with the inventory presently close all-time highs, is likely attempting to be disciplined in repurchasing shares. Ubiquiti still has over $300 million on its current repurchase authorization.
For tech groups, dividends should still likely be final on the list of allocation priorities, however Ubiquiti simply generates too a great deal money, and isn't discovering satisfactory high-return places to invest. so far as company issues go, it's an outstanding one to have.
extra From The Motley fool
Billy Duberstein owns shares of Apple and Ubiquiti Networks. His consumers can also own shares in one of the most the agencies mentioned. The Motley idiot owns shares of and recommends Apple and Ubiquiti Networks. The Motley idiot has right here options: long January 2020 $150 calls on Apple and brief January 2020 $155 calls on Apple. The Motley fool has a disclosure policy.
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-FIH Study in EGFR Exon 20 Insertions Will Commence in 2019- TOKYO and CAMBRIDGE, Mass., Feb. 5, 2019 /PRNewswire/ -- Taiho Pharmaceutical Co., Ltd. and Cullinan Oncology, LLC announced on February 5 an agreement to develop TAS6417, a novel EGFR (epidermal growth factor receptor) tyrosine kinase inhibitor discovered by Taiho Pharmaceutical. (Logo1: https://kyodonewsprwire.jp/prwfile/release/M000396/201812251776/_prw_PI1fl_7wNhWX41.png)
Under the terms of the agreement, Taiho Pharmaceutical will grant an exclusive, global license ex-Japan for the development and commercialization of TAS6417 to Cullinan Pearl, a newly formed US-based company under the Cullinan Oncology umbrella. Taiho Pharmaceutical will receive an upfront payment, regulatory and sales milestones, as well as royalties based on net sales. Taiho Ventures, LLC, a strategic corporate venture arm of Taiho Pharmaceutical, alongside Cullinan Oncology, will provide funding for Cullinan Pearl's Series A.
"The Taiho's drug research team created a unique molecule targeting EGFR Exon 20 insertion mutation using proprietary drug discovery platform technology. This alliance, one of the first of its kind at Taiho Pharmaceutical, allows our organization to optimize its R&D resource allocation and accelerate global development by accessing external talent and resources. We are pleased to partner with Cullinan Oncology and its experienced management team in bringing this novel treatment to NSCLC patients," said Teruhiro Utsugi, Managing Director of Taiho Pharmaceutical.
Cullinan Pearl will utilize Cullinan Oncology's shared service platform to develop TAS6417, which relies on a central management team and a network of integrated collaborators to help drive the development of pre-clinical and clinical assets.
"We are excited to partner with Taiho Pharmaceutical and Taiho Ventures in exploring the utility of this novel drug in a patient population with limited options to date. We are thankful for Taiho's trust in our team's ability to execute the clinical development of this exciting asset," stated Owen Hughes, CEO of Cullinan Oncology.
TAS6417 is an orally available tyrosine kinase inhibitor designed to target activating mutations in EGFR. The molecule was engineered to inhibit EGFR variants with exon 20 insertion mutations, while sparing wild-type EGFR. TAS6417 is a clinical candidate for NSCLC driven by EGFR exon 20 insertion mutations and is expected to be a novel therapeutic option for the patients with highly unmet medical needs.
About Taiho Pharmaceutical Co., Ltd. (Japan)
Taiho Pharmaceutical, a subsidiary of Otsuka Holdings Co., Ltd., is an R&D-driven specialty pharma focusing on the three fields of oncology, allergy and immunology, and urology. Its corporate philosophy takes the form of a pledge: "We strive to improve human health and contribute to a society enriched by smiles." In the field of oncology in particular, Taiho Pharmaceutical is known as a leading company in Japan for developing innovative medicines for the treatment of cancer, a reputation that is rapidly expanding through their extensive global R&D efforts. In areas other than oncology, as well, the company creates and markets quality products that effectively treat medical conditions and can help improve people's quality of life. Always putting customers first, Taiho Pharmaceutical also aims to offer consumer healthcare products that support people's efforts to lead fulfilling and rewarding lives.
About Taiho Ventures
Taiho Ventures, LLC is the strategic corporate venture capital arm of Taiho Pharmaceutical Co. Ltd., a Japanese specialty pharma focusing on oncology, allergy and immunology, and urology. With the recently expanded $300M under management, Taiho Ventures is looking at early-stage preclinical oncology companies as well as platform technology companies for our core therapeutic areas. Taiho Ventures will review the wide variety of modalities for both biologics and small molecules. The company will also consider the option type of investments and spin-outs, in addition to the pure equity investments.
About Cullinan Oncology
Cullinan Oncology was formed to develop a diversified portfolio of highly promising single asset oncology opportunities through both internal and external means and to do so in a unique, cost-efficient model that leverages a central management team and shared services model to drive speed and efficiency. For additional information, please visit www.cullinanoncology.com.
View original content:http://www.prnewswire.com/news-releases/taiho-pharmaceutical-and-cullinan-oncology-establish-collaboration-to-develop-tas6417-novel-egfr-tyrosine-kinase-inhibitor-300789557.html
SOURCE Taiho Pharmaceutical Co., Ltd., Cullinan Oncology, LLC
Copyright (C) 2019 PR Newswire. All rights reserved
Medical device cybersecurity startup Medigate has raised $15 million in a Series A round led by U.S. Venture Partners and with participation from YL Ventures and Blumberg Capital.
The company intends to use the money to accelerate growth and triple its teams in R&D, sales, marketing and customer success.
“With the headcount expansion across R&D, sales and customer success you will see further technology developments. We have an extensive roadmap as well the ability to develop new technologies as customers share new needs,” Medigate CEO Jonathan Langer said in response to emailed questions. “As we build our customer base, the need for customer service/customer experience also grows.”
This funding follows the $5.35 million in seed funding the company secured in 2017. That money came from YL Ventures and Blumberg Capital.
Langer noted that YL Ventures and Blumberg Capital, which are the company’s original investors, “specialize in startups.” U.S. Venture Partners, a new investor in Medigate, has a portfolio in healthcare and security.
“Medigate’s unique technology platform, strategic partnerships with industry-leading security vendors and traction over the last year in the healthcare market made the company an attractive investment,” Jacques Benkoski, partner at U.S. Venture Partners, said in a statement. Benkoski will also join Medigate’s board of directors.
The startup offers a medical device security and asset management platform. It identifies, fingerprints and tags each device on an organization’s clinical network. The platform analyzes device and network communication as a way to detect abnormal behavior and pinpoint threats in real time. Additionally, its security capabilities keep medical devices protected.
Langer described it like this: “With Medigate, hospital networks can safely operate all medical devices on their network, enabling deployment of existing and new devices to patients while ensuring privacy and safety.”
The company was founded in 2017 by Langer, Itay Kirshenbaum (vice president of R&D) and Pini Pinhasov (vice president of product). It has offices in San Diego, New York City and Tel Aviv, Israel.
Currently, Medigate has partnerships with companies like Nuvolo, Cisco and Palo Alto Networks. Through the Cisco collaboration, Medigate integrates its medical device fingerprinting capabilities into the Cisco identity services engine. The alliance with Palo Alto Networks adds Medigate’s user, device and application information to PAN’s security platform to protect devices through clinically-informed security policies.
As far as customers, Langer said the company doesn’t have any healthcare clients that are willing to be named at this time.
Photo: weerapatkiatdumrong, Getty Images
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