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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 live institute for buy now.
"Emulex became the first to offer an embedded storage switch that addresses the trade's thrust into 4 Gb/s storage networking solutions. by means of working carefully with NEC to deploy its next era switched-based storage solutions, their 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 dwelling 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 know-how technologies such as a exorbitant 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 paraphernalia File products Division, NEC organization. "As their purchasers migrate to subsequent generation storage solutions, they are smartly-equipped to automatically capitalize from better reliability, availability and serviceability of the InSpeed options. Integrating the Emulex InSpeed SOC 422 makes it facile for NEC to deliver element-to-point switched connectivity to the individual drives in the storage array, and allow fresh diagnostic and preventative preservation capabilities. Their customers will gleam 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 pass 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 worn generations. For greater tips on Emulex's InSpeed SOC 422 embedded storage swap, proceed 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 fresh york stock change (NYSE:ELX).
the area's leading server and storage providers trust on Emulex HBAs, embedded storage switching and that i/O controller products to construct official, scalable and towering 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 towering efficiency, scalability, flexibility and decreased complete saturate 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. advice releases and different assistance about Emulex employer can live institute at http://www.emulex.com.
EMULEX / They 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 comprise forward-searching statements that involve risk and uncertainties. The company needs to caution readers that a brace of distinguished elements might trigger exact effects to vary materially from these in the ahead-searching statements. those components consist of the totality of a sudden changing nature of know-how, evolving commerce requirements and confidential 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 claim for know-how solutions; fluctuations or delays in client orders; the highly competitive nature of the markets for Emulex's items; Emulex's capacity 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 antecedent 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. totality logos, change names, carrier marks, and symbols referenced herein belong to their respective companies.
The Emulex agency commerce brand will also live institute 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 theme for traders. it is especially precise of tech groups, where competition is fierce, the extend quintessential is powerful, and the danger of know-how alterations are always a chance. Dividends regularly simply don't stare relish a smart strategy to expend money for tech companies. Steve Jobs turned into famously averse to dividends at Apple. fresh CEO Tim prepare dinner reinitiated a dividend in 2012 -- after a 17-yr hiatus -- amid activist pressure.
Of direction, the conclusion 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 commerce introduced it could launch 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 accelerate 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 advantageous 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 saturate date on Sept. 10. The commerce 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 commerce manage to pay for it?
Some can also miracle if Ubiquiti should live 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 commerce it's additionally enormously profitable.
Ubiquiti accomplishes this by using investing extremely shrimp 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 design 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 live enough cash to lope round
The model looks to live 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 age debt. That pristine poise sheet is even more staggering since the company spent $445 million on participate repurchases during the eventual year, retiring 7.2 milllion shares -- nearly 10% of its market capitalization.
Managment forecasts $four.00-$four.80 non-GAAP income per participate 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 margin to pay that dividend.Shorts exchange their intellect
Ubiquiti's inspiring 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 commerce a "fraud." (short-marketers wager towards a inventory and design cash when it falls.) In February, the SEC asked Ubiquiti for information related to "a number of theme matters," together with the company's accounting and relationships with third-birthday celebration distributors. The commerce 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 subside tax expense. That no longer simplest allowed the enterprise to fund gigantic participate repurchases, however also seemed to exhibit its cash balances -- and hence its company -- were certainly actual. The enterprise also simply filed its annual report, which become audited by pass 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 bear halted repurchases, in want of initiating the dividend.
Ubiquiti Networks participate 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 miracle 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 towering 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 proceed with the flow, and management has taken erudition of this with aggressive repurchases during dips. In other phrases, management is likely conscious of the stock's volatile buying and selling historical past, and with the inventory presently close all-time highs, is likely attempting to live disciplined in repurchasing shares. Ubiquiti silent has over $300 million on its current repurchase authorization.
For tech groups, dividends should silent likely live final on the list of allocation priorities, however Ubiquiti simply generates too a distinguished 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 concede an exclusive, global license ex-Japan for the progress 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 progression 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 their organization to optimize its R&D resource allocation and accelerate global progress by accessing external talent and resources. They are pleased to confederate 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 uphold drive the progress of pre-clinical and clinical assets.
"We are excited to confederate with Taiho Pharmaceutical and Taiho Ventures in exploring the utility of this novel drug in a patient population with limited options to date. They are thankful for Taiho's trust in their team's capacity to execute the clinical progress 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 frugal wild-type EGFR. TAS6417 is a clinical candidate for NSCLC driven by EGFR exon 20 insertion mutations and is expected to live 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 figure of a pledge: "We strive to better 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 trait products that effectively handle medical conditions and can uphold better people's trait of life. Always putting customers first, Taiho Pharmaceutical also aims to offer consumer healthcare products that uphold 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 their core therapeutic areas. Taiho Ventures will review the wide variety of modalities for both biologics and miniature molecules. The company will also account the option sort of investments and spin-outs, in addition to the absolute equity investments.
About Cullinan Oncology
Cullinan Oncology was formed to develop a diversified portfolio of highly promising sole asset oncology opportunities through both internal and external means and to finish so in a unique, cost-efficient model that leverages a central management team and shared services model to drive hasten and efficiency. For additional information, tickle 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. totality rights reserved
Medical device cybersecurity startup Medigate has raised $15 million in a progression A round led by U.S. Venture Partners and with participation from YL Ventures and Blumberg Capital.
The company intends to consume 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 descry further technology developments. They bear an extensive roadmap as well the capacity to develop fresh technologies as customers participate fresh needs,” Medigate CEO Jonathan Langer said in response to emailed questions. “As they build their customer base, the requisite for customer service/customer tang 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 notable that YL Ventures and Blumberg Capital, which are the company’s original investors, “specialize in startups.” U.S. Venture Partners, a fresh 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 eventual year in the healthcare market made the company an attractive investment,” Jacques Benkoski, confederate at U.S. Venture Partners, said in a statement. Benkoski will also unite 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 pass to detect abnormal behavior and pinpoint threats in real time. Additionally, its security capabilities keep medical devices protected.
Langer described it relish this: “With Medigate, hospital networks can safely operate totality medical devices on their network, enabling deployment of existing and fresh 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, fresh York City and Tel Aviv, Israel.
Currently, Medigate has partnerships with companies relish 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 bear any healthcare clients that are willing to live named at this time.
Photo: weerapatkiatdumrong, Getty Images
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