Companies news of 2016-05-02 (page 1)

  • DSS Issued New Patent and Releases New AuthentiGuard(TM) Capabilities
  • IGT Posts 2015 Annual Report
  • TI's 65-V micro-power buck converters feature industry's lowest quiescent current150-mA...
  • Marvell Announces Appointment of Mr. Richard S. Hill to Chairman of the Board of Directors
  • Benchmark Electronics Highlights Track Record of Value Creation in Newly Filed Investor...
  • EMC Announces New Extreme Archiving Platform for Structured and Unstructured...
  • InformationWeek Elite 100 Honors Nation's Most Tech-Innovative OrganizationsIT Executives...
  • EMC Unveils Suite of Intuitive, Cloud-Native Content Apps to Revolutionize ECM and...
  • ID Watchdog Announces Record Revenues for First Quarter 2016
  • PR Newswire White Paper Explores Buyer 2.0's Impact on Demand Generation
  • Cadence Announces New Tensilica Vision P6 DSP Targeting Embedded Neural Network...
  • Monolithic Power Systems Announces Results for the First Quarter Ended March 31, 2016
  • Ruckus Wireless Reports First Quarter 2016 Revenue of $100.6 million, up 22.5%...
  • Workiva Honored for Innovation with Silver and Bronze Stevie(R) Awards in 2016 American...
  • The Bump App Provides Millennial Parents and Parents-to-Be with Personalized Content and...
  • Micro Focus Completes Acquisition of Serena Software, Inc.Application Lifecycle Management...
  • Vonage Chief Executive Officer to Present at Upcoming Investor Conferences
  • Chegg Reports First Quarter 2016 ResultsStrong Chegg Services Revenue Growth Driven by 37%...
  • Nimble Storage to Announce First Quarter 2017 Financial Results on May 24, 2016
  • Chegg Acquires Imagine Easy Solutions, A Market Leader Of Online Writing ToolsWriting...
  • Final DOL Fiduciary Rule Has Key Implications For Asset Managers According To DST...
  • Axcelis Announces Financial Results For First Quarter 2016Company Reports Solid Quarterly...
  • Buzztime Teams Up With Fandango For Interactive In-Venue Promotion
  • EMC World Day 1 - EMC Launches Wave of New Technology to Modernize Data CentersIntroduces...
  • Virtustream Launches Global Hyper-scale Storage Cloud For Seamless Enterprise Storage...
  • Honeywell And NASA Put STEM Education In 'Motion' For Washington Middle SchoolsFMA Live!,...
  • Sikorsky Conducts Combat Rescue Helicopter (CRH) Air Vehicle Preliminary Design Review...
  • New Software Expands EMC Copy Data Management Portfolio, Modernizing Primary and...
  • Donegal Insurance Selects VUE Software to Transform Producer Digital Experience



    DSS Issued New Patent and Releases New AuthentiGuard(TM) Capabilities

    ROCHESTER, N.Y., May 2, 2016 /PRNewswire/ -- Document Security Systems, Inc. , (DSS), a leader in anti-counterfeiting and authentication solutions, today announced that it was issued a new patent by the United States Patent and Trademark Office. The company also announced new beta releases for its AuthentiGuard product line. Both demonstrate DSS continued investment in research and development.

    The issued patent covers technology related to DSS' Barcode Barricade product. Barcode Barricade protects printed barcodes from duplication. The company developed the technology for its coupon production business. It is used on virtually every coupon printed by the company which gives it an advantage over competitors.

    "Barcode Barricade is the only barcode specific anti-copy protection technology in the market today," said Mike Caton, Chief Technical Officer for DSS and one of the inventors of the technology. "It provides customers with currency level protection so they can fight fraud and protect their revenue sources and products."

    In addition to being used in-house for its high value coupon product, DSS is pursuing licensing partners for the technology

    DSS Releases New Beta Version of Mobile Application and Marking Technology

    DSS also announced new beta releases for its AuthentiGuard brand protection solution which helps consumers and field personnel authenticate products using a mobile application. The company released a beta version of its mobile application, AuthentiGuard 4.0, as well as a new beta marking technology which can be printed on product packaging, cards, and labels.

    The AuthentiGuard beta application simplifies the user experience and the application's ability to read multiple AuthentiGuard marks. The application is also easier for brand owners to configure. The newest release is currently being tested and will be released as a production version later in 2016.

    The beta application is also configured to read a new beta mark just released by the company. The mark was developed in conjunction with brands evaluating the system. The beta mark will eventually offer another option in addition to the existing mark. Like the existing production mark, it can be printed using any of the standard printing processes including offset, digital, and flexographic presses. The limited release of the beta mark is for testing purposes. Once testing is completed, the new mark will be made available for production deployment later in 2016.

    "These new releases will give brand owners more flexibility when implementing the system," said Mike Roy, Vice President of DSS Digital. "As we focus on winning more customers for AuthentiGuard we need to be continuously innovative. Both of these beta releases are important steps on our roadmap."

    About Document Security Systems, Inc.

    Document Security Systems, Inc.'s products and solutions are used by governments, corporations and financial institutions to defeat fraud and to protect brands and digital information from the expanding world-wide counterfeiting problem. DSS technologies help ensure the authenticity of both digital and physical financial instruments, identification documents, sensitive publications, brand packaging and websites.

    DSS continually invests in research and development to meet the ever-changing security needs of its clients and offers licensing of its patented technologies. For more information on the AuthentiGuard(TM) Suite, please visit www.authentiguard.com. For more information on DSS and its subsidiaries, please visit www.dsssecure.com.

    For More Information

    Investor Relations
    Document Security Systems, Inc.
    (585) 325-3610
    Email: ir@documentsecurity.com

    Forward-Looking Statements

    Forward-looking statements that may be contained in this press release, including, without limitation, statements related to the Company's plans, strategies, objectives, expectations, potential value, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act and contain words such as "believes," "anticipates," "expects," "plans," "intends" and similar words and phrases. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results projected in any forward-looking statement. In addition to the factors specifically noted in the forward-looking statements, other important factors, risks and uncertainties that could result in those differences include, but are not limited to, the outcomes of any of the Company's litigation, its ability to raise capital, and those risks and uncertainties disclosed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2015, filed with the Securities and Exchange Commission, and in our subsequent periodic reports. Forward-looking statements that may be contained in this press release are being made as of the date of its release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/dss-issued-new-patent-and-releases-new-authentiguard-capabilities-300261044.html

    Document Security Systems, Inc.

    Web site: https://www.dsssecure.com/




    IGT Posts 2015 Annual Report

    LONDON, May 2, 2016 /PRNewswire/ -- International Game Technology PLC ("IGT") today announced that its 2015 Annual Report on Form 20-F is now available on the investor relations section of the Company's website, www.igt.com. IGT has filed the 2015 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission (accessible through its website at www.sec.gov).

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    IGT will provide to all holders of its securities a hard copy of its 2015 Annual Report on Form 20-F, free of charge, upon request through its website or in writing to International Game Technology PLC, Attn: Corporate Secretary, 66 Seymour Street, Second Floor, London W1H 5BT.

    About IGT
    IGT is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Interactive and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has over 12,000 employees. For more information, please visit www.igt.com.

    Contact:

    Robert K. Vincent, Corporate Communications, toll free in U.S./Canada (844) IGT-7452; outside U.S./Canada (401) 392-7452
    James Hurley, Investor Relations, (401) 392-7190
    Simone Cantagallo, (+39) 06 51899030; for Italian media inquiries

    Logo - http://photos.prnewswire.com/prnh/20150406/196736LOGO

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/igt-posts-2015-annual-report-300261052.html

    Photo: http://photos.prnewswire.com/prnh/20150406/196736LOGO IGT

    Web site: http://www.igt.com/




    TI's 65-V micro-power buck converters feature industry's lowest quiescent current150-mA synchronous DC/DC regulators optimize light-load efficiency for factory automation and automotive applications

    DALLAS, May 2, 2016 /PRNewswire/ -- Texas Instruments (TI) today introduced two 65-V, 150-mA synchronous DC/DC buck converters with the industry's lowest 10.5-uA quiescent current (I(Q)) for powering factory automation and automotive sensor applications requiring high efficiency. The industrial-grade LM5165 and automotive-grade LM5165-Q1 micro-power step-down regulators feature a wide input voltage (V(IN)) range and dual control modes for optimizing efficiency and printed circuit board (PCB) area. By using the regulators together with TI's WEBENCH((R)) Power Design tool, engineers can get their factory and process automation designs to market faster. For more information, samples and an evaluation module, see www.ti.com/lm5165-pr.

    https://photos.prnewswire.com/prnvar/20160429/361997

    The wide 3-V to 65-V operating range enables the LM5165 and LM5165-Q1 micro-power regulators to handle the highest transients in industrial sensor and programmable logic controller (PLC) applications, as well as start-stop and load-dump conditions for 12-V/24-V lead-acid and emerging 48-V lithium-ion automotive batteries. Integrated dual metal-oxide semiconductor field-effect transistors (MOSFETs) reduce PCB area, while a programmable current-limit scheme reduces inductor size. Both regulators operate at junction temperatures up to 150 C for higher temperature environments. The LM5165-Q1 is AEC-Q100 qualified for automotive applications.

    LM5165 and LM5165-Q1 key features and benefits

    --  Low 10.5-uA standby I(Q) (operating with no load) enables 90-percent
    conversion efficiency at 1-mA to 10-mA loads to extend battery life in
    "always on" applications. Read the blog post "Powering smart sensor
    transmitters in industrial applications."
    --  100-percent duty cycle enables low-dropout operation, while a P-channel
    high-side MOSFET eliminates the bootstrap diode and capacitor.
    --  Dual-mode operation: a pulse frequency modulation (PFM) control mode
    enables the highest efficiency power supply design, while a constant
    on-time (COT) control mode provides higher output current and better
    electromagnetic interference (EMI) performance. Read the application
    note "Simple success with conducted EMI from DC/DC converters."
    --  Fixed 3.3-V and 5-V options eliminate external feedback resistor
    dividers to lower bill of materials (BOM).
    --  Programmable current limit optimizes inductor size and cost.
    

    The LM5165 and LM5165-Q1 join TI's family of wide V(IN) DC/DC step-down regulators that include the LM5017, LM5160 and TPS54062. Get more information on TI's high-performance DC/DC converter portfolio for any power supply design.

    Availability, packaging and pricing

    The regulators are available in volume now from TI and its authorized distributors. Packaged in a 10-pin, 3-mm-by-3-mm VSON, the industrial-grade LM5165 is priced at US$1.35 in 1,000-unit quantities and the automotive-grade LM5165-Q1 is priced at US$1.58. Order the high-density COT LM5165EVM-HD-C50X and PFM LM5165EVM-HD-P50A evaluation modules. Download the LM5165 quick-start DC/DC synchronous buck converter design tool and PSPICE transient models.

    Find out more about TI's power management portfolio:

    --  Search for solutions, get help and share knowledge in the TI E2E(TM)
    Community Power Management forum.
    --  Download power reference designs from the TI Designs reference design
    library.
    

    About Texas Instruments

    Texas Instruments Incorporated (TI) is a global semiconductor design and manufacturing company that develops analog integrated circuits (ICs) and embedded processors. By employing the world's brightest minds, TI creates innovations that shape the future of technology. TI is helping more than 100,000 customers transform the future, today. Learn more at www.ti.com.

    About WEBENCH tools from Texas Instruments

    WEBENCH Designer and Power Architect are the industry's only online tools that enable end-to-end circuit design, simulation and optimization for footprint, price and efficiency, with the ability to download schematic and PCB layout files directly into computer-aided design (CAD) tools. Component libraries include more than 40,000 components from 120 manufacturers, and TI's distribution partners update price and availability hourly. Offered in eight languages, users can compare complete system designs and make supply-chain decisions in minutes. Start a cost-free design now in TI's WEBENCH Power and Automotive Design environments.

    Trademarks

    WEBENCH is a registered trademark and TI E2E is a trademark of Texas Instruments. All other trademarks belong to their respective owners.

    Photo - http://photos.prnewswire.com/prnh/20160429/361997

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/tis-65-v-micro-power-buck-converters-feature-industrys-lowest-quiescent-current-300260479.html

    Photo: https://photos.prnewswire.com/prnh/20160429/361997
    http://photos.prnewswire.com/prnh/20010105/NEF016LOGO Texas Instruments

    CONTACT: Gayle Bullock, Texas Instruments, 669-721-3133,
    gayle.bullock@ti.com, or Katie Worthy, Golin, 469-680-2580,
    kworthy@golin.com; (Please do not publish these numbers or e-mail
    addresses.)

    Web site: http://www.ti.com/




    Marvell Announces Appointment of Mr. Richard S. Hill to Chairman of the Board of Directors

    SANTA CLARA, Calif., May 2, 2016 /PRNewswire/ -- Marvell Technology Group Ltd. , a global leader in providing complete silicon solutions, today announced the appointment of Mr. Richard S. Hill as Chairman of the Board of Directors, effective May 1, 2016. Mr. Hill was selected to the position based on his decades of practical experience and technology leadership.

    "It's a great honor to join the Marvell Board as Chairman. I've been closely tracking Marvell's technology developments the past two decades, and I am proud to be a part of the Marvell team," said Mr. Richard S. Hill, Chairman of the Board, Marvell Technology Group. "I look forward to working closely with the Company's Board and shaping the direction of Marvell moving forward. We will continue to focus on our core businesses as well as new market opportunities."

    Mr. Hill is a highly accomplished executive whose depth of experience and knowledge is well suited to lead Marvell's Board of Directors. Mr. Hill has served as a member of the Board of Tessera Technologies since August 2012 and as Chairman of the Board since March 2013. He also served as Tessera's Interim Chief Executive Officer from April 15, 2013 until May 29, 2013. Additionally, Mr. Hill also served on a number of public boards, including Autodesk, Arrow Electronics and Yahoo.

    As announced on April 27, the Company's Board currently consists of ten directors: Weili Dai, Peter A. Feld, Juergen Gromer, Richard S. Hill, John Kassakian, Oleg Khaykin, Arturo Krueger, Sehat Sutardja, Robert E. Switz, and Randhir Thakur.

    About Marvell

    Marvell is a global leader in providing complete silicon solutions. From storage to cloud infrastructure, Internet of Things (IoT), connectivity and multimedia, Marvell's diverse product portfolio aligns complete platform designs with industry-leading performance, security, reliability and efficiency. At the core of the world's most powerful consumer, network and enterprise systems, Marvell empowers partners and their customers to always stand at the forefront of innovation, performance and mass appeal. By providing people around the world with mobility and ease of access to services, adding value to their social, personal and work lives, Marvell is committed to enhancing the human experience.

    For more information, please visit www.Marvell.com.

    Marvell and the M logo are registered trademarks of Marvell and/or its affiliates. Other names and brands may be claimed as the property of others.

    For Further Information Contact:

    John Spencer Ahn
    Investor Relations
    408-222-7544
    johnahn@marvell.com

    Sue Kim
    Media Relations
    408-222-1942
    suekim@marvell.com

    http://photos.prnewswire.com/prnvar/20100719/SF36559LOGO-b

    Logo - http://photos.prnewswire.com/prnh/20100719/SF36559LOGO-b

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/marvell-announces-appointment-of-mr-richard-s-hill-to-chairman-of-the-board-of-directors-300261112.html

    Photo: http://photos.prnewswire.com/prnh/20100719/SF36559LOGO-b Marvell Technology Group Ltd.

    Web site: http://www.marvell.com/




    Benchmark Electronics Highlights Track Record of Value Creation in Newly Filed Investor PresentationBoard's Strategic Plan has Delivered Strong Financial Performance and Robust ValuationOutlines Best-in-Class Corporate Governance and Strength of BoardDetails Major Deficiencies in Industry Expertise and Business Experience of Engaged Capital NomineesBoard Urges Shareholders to Vote "FOR" ALL Benchmark's Director Nominees on the WHITE Proxy Card

    ANGLETON, Texas, May 2, 2016 /PRNewswire/ -- Benchmark Electronics, Inc. today announced that it has filed an updated investor presentation with the U.S. Securities and Exchange Commission ("SEC") in connection with the Company's 2016 Annual Meeting of Shareholders. The presentation is available under the investor relations section of www.bench.com and on the SEC's website at www.sec.gov.

    The presentation highlights Benchmark's track record of solid execution under the leadership of the Board and management, which has resulted in a strong valuation relative to peers. Benchmark has taken - and will continue to take - numerous steps to enhance shareholder value. These include the ongoing transition of its portfolio and revenue mix into more profitable, higher-margin markets, balanced, disciplined and shareholder-friendly capital allocation, continued execution on initiatives to improve working capital and further improvements to its best-in-class corporate governance. Conversely, Engaged Capital has not provided any ideas that are additive to actions Benchmark already has underway, its director nominees are unqualified and offer no incremental experience and its analysis is fundamentally flawed and misguided.

    As noted in a recent report by proxy advisory firm Glass Lewis & Co. ("Glass Lewis"):

    "...we find several of the board's responses to the Dissident's allegations to be valid, particularly with respect to the intricacies of the Company's business, strategy and industry, which ultimately reveal what is likely a more complex situation than the Dissident perceives and would have other investors believe."( ([1]))

    The very complexity noted by Glass Lewis underscores why the Benchmark Board firmly believes that Engaged Capital's unqualified director nominees risk undermining the ongoing successful execution of Benchmark's strategy and ability to generate long-term shareholder value. Furthermore, both Glass Lewis and ISS recommended that shareholders vote in favor of the Company's say-on-pay proposal. The proper incentives are in place, together with the proper and experienced oversight.

    The presentation also details Benchmark's successful execution of its strategy to transition its revenue mix toward higher-value markets, and why the acquisition of Secure Technology was an essential building block of this transformation strategy. The Secure acquisition represented the best use of capital among all alternatives reviewed at the time - more accretive to growth, margin and long-term return on invested capital ("ROIC") than alternate uses of capital considered. In its recent report, Glass Lewis expressed its support for the merits of the Secure transaction and Benchmark's approach to capital allocation in general:

    "...we believe the Company has adequately defended the Secure acquisition as being consistent with the Company's strategy to expand into higher-margin businesses, having paid a reasonable premium given the valuations of Secure's peers and the attractiveness of the Secure business, and having already realized certain strategic and financial benefits from the acquisition. We also believe the Company has demonstrated an appropriately balanced approach to capital allocation, spread across capital expenditures for organic growth, acquisitions of complementary businesses and consistent returns of capital via share repurchases."

    Additionally, the presentation addresses Engaged Capital's flawed analysis and misguided claims, including its so-called "value creation plan" and critique of Benchmark's working capital efficiency.

    Benchmark recognizes the opportunity to improve working capital, and reaffirms its publicly announced 75-day cash conversion cycle ("CCC") target it expects to achieve by the end of 2016. Benchmark hired an external consultant recommended by Engaged Capital, who confirmed the Board's assessment of its existing, ongoing initiatives and had no incremental suggestions.

    The presentation also highlights Benchmark's best-in-class corporate governance profile and its high-quality Board that is fully aligned with the Benchmark shareholders. Benchmark's governance profile includes:

    --  Three new independent directors have been added in the last five years,
    with one new director added and a new Chairman appointed in 2016;
    --  Average director tenure is only 6.3 years, significantly less than our
    peer group([2]) median average tenure of 10 years; and
    --  All directors have significant C-level experience.
    

    Under the direction of the Board's Compensation Committee, Benchmark has designed a compensation framework to create a "pay-for-performance" culture that rewards the Company's leadership for delivering results and creating sustainable, long-term shareholder value. The Compensation Committee regularly evaluates compensation policy and responds to shareholder input. Recent actions include:

    --  Instituted executive compensation clawback policy in 2015 in the event
    of a restatement of earnings due to SEC reporting requirements.
    --  Replaced the inventory turns metric with more holistic CCC targets
    matching the Company's publicly stated CCC goals, demonstrating the
    Board's focus on targeting working capital improvements.
    

    As Glass Lewis noted in its report:

    "Notably, the board replaced inventory turns in the short-term compensation structure with CCC as a more holistic measurement of working capital efficiency and added CCC targets for 2016. This appears to be a step in the right direction."

    Lastly, the presentation details the strength of Benchmark's directors and why Engaged Capital's nominees are unqualified to serve on the Benchmark Board, given their lack of relevant industry and leadership experience. Engaged Capital nominees Robert Gifford and Jeffrey McCreary have:

    --  Never served in a permanent C-level position
    --  No EMS industry experience
    --  No additional value to provide to the Board
    

    According to Glass Lewis, Engaged Capital nominee Brendan Springstubb "lacks requisite experience" to serve as a director.

    The Benchmark Board has a demonstrated track record of execution. The Board is composed of eight directors, seven of whom are independent and all of whom have been closely overseeing and stand fully behind management's execution of the Company's strategic initiatives to achieve near- and long-term revenue growth and continued profitability. All eight of Benchmark's directors are former or current CEOs, CFOs or COOs, and each director possesses critical knowledge of the Company and the EMS industry that is crucial to the ongoing oversight of the successful execution of management's strategy.

    There is simply no comparison between Benchmark's highly qualified and diverse directors and Engaged Capital's inferior candidates.

    BENCHMARK SHAREHOLDERS ARE URGED TO VOTE THE WHITE PROXY CARD TODAY

    The Benchmark Board of Directors unanimously recommends that shareholders vote the WHITE proxy card today "FOR" the election of the Board's experienced and highly qualified director nominees: David Scheible, Michael Dawson, Gayla Delly, Douglas Duncan, Kenneth Lamneck, Bernee Strom, Paul Tufano and Clay Williams.

    Whether or not you plan to attend the Annual Meeting, you have an opportunity to protect your investment in Benchmark by voting the WHITE proxy card. Shareholders are urged to vote today by telephone, by internet, or by signing and dating the WHITE proxy card. Please do not return or otherwise vote any blue proxy card sent by Engaged Capital. If any shareholder has already sent back the blue card, they can still change their vote using the WHITE proxy card to support the Benchmark Board's highly qualified director nominees.

    If you have questions or need assistance voting your shares please contact: MacKenzie Partners, Inc. 105 Madison Avenue New York, New York 10016 Proxy@mackenziepartners.com Call Collect: (212) 929-5500 or Toll-Free (800) 322-2885

    About Benchmark Electronics, Inc.
    Benchmark provides integrated manufacturing, design and engineering services to original equipment manufacturers of industrial equipment (including equipment for the aerospace and defense industries), telecommunication equipment, computers and related products for business enterprises, medical devices, and test and instrumentation products. Benchmark's global operations include facilities in seven countries, and its common shares trade on the New York Stock Exchange under the symbol BHE.

    Forward-Looking Statements
    This letter contains forward-looking statements within the scope of the Securities Act of 1933 and the Securities Exchange Act of 1934. The words "expect," "estimate," "anticipate," "predict" and similar expressions, and the negatives thereof, often identify forward-looking statements, which are not limited to historical facts. Our forward-looking statements include, among other things: guidance for 2016; statements, express or implied, concerning future operating results or margins; the ability to generate sales, income or cash flow; the benefits of the Secure acquisition and our ability to continue share repurchases; and Benchmark's business and growth strategies and expected growth and performance. Although Benchmark believes these statements are based upon reasonable assumptions, they involve risks and uncertainties relating to our operations, markets and business environment generally. If one or more of these risks or uncertainties materialize, or underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. All forward-looking statements included in this letter are based upon information available to Benchmark as of the date of this document, and the Company assumes no obligation to update them. Readers are advised to consult further disclosures on related subjects, particularly in Item 1A, "Risk Factors" of the Company's annual report on Form 10-K for the year ended December 31, 2015, in its other filings with the U.S. Securities and Exchange Commission (the "SEC") and in its press releases.

    Additional Information and Where to Find It
    Benchmark has filed a definitive proxy statement with the SEC with respect to the 2016 Annual Meeting and has mailed the definitive proxy statement and accompanying white proxy card to its shareholders. Benchmark shareholders are strongly encouraged to read the definitive proxy statement, the accompanying white proxy card and other documents filed with the SEC carefully in their entirety when they become available because they contain (or will contain) important information. Benchmark, its directors, executive officers and other employees may be deemed to be participants in the solicitation of proxies from Benchmark shareholders in connection with the matters to be considered at Benchmark's 2016 Annual Meeting. Information about Benchmark's directors and executive officers is available in Benchmark's definitive proxy statement for its 2016 Annual Meeting. Shareholders may obtain a free copy of the definitive proxy statement and any other documents filed by Benchmark with the SEC free of charge at the SEC's website at www.sec.gov. Copies also are available free of charge on Benchmark's website at www.bench.com under "Investor Relations - Annual Reports" or by contacting Benchmark Investor Relations at (979) 849-6550.

    [1] Permission to use quotations neither sought nor obtained.

    [2] Peer group includes Celestica, Flextronics, Jabil, Plexus, and Sanmina.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/benchmark-electronics-highlights-track-record-of-value-creation-in-newly-filed-investor-presentation-300261191.html

    Benchmark Electronics, Inc.

    Web site: http://www.bench.com/




    EMC Announces New Extreme Archiving Platform for Structured and Unstructured DataInfoArchive 4.0 Offers Enhanced User Experience with Increased Compliance, Scalability and Accessibility to Address Enterprise Data Challenges

    LAS VEGAS, May 2, 2016 /PRNewswire/ -- EMC WORLD 2016

    https://photos.prnewswire.com/prnvar/20160501/362082

    News Summary:

    --  EMC((R)) InfoArchive(TM) 4.0 architecture enables extreme archiving
    scenarios with structured and unstructured data, and enhances the
    ability to secure and leverage critical application data and content.
    --  EMC InfoArchive 4.0 enhances user experience and accelerates time to
    value, while helping enterprises modernize their data centers.
    --  EMC InfoArchive 4.0 provides compliant platform with horizontal and
    vertical solutions.
    --  EMC InfoArchive support for SAP HANA(R), SAP S4HANA(R) and SAP
    SuccessFactors(R), enables compliant information management throughout
    the application lifecycle to reduce the costs of implementing and
    supporting SAP systems.
    

    Connect With Us At EMC World 2016:

    --  Session Streaming: For video of keynotes, general sessions, backstage
    sessions, and EMC TV coverage, click here
    --  Social: Follow @EMCWorld, @EMCCorp, and @EMC_News, and join
    conversations with #EMCWORLD, #MMTM16 and like EMC on Facebook
    --  Photos: Access event photos via Flickr
    --  Live Chat:  Click here to join the "Ask Me Anything" CrowdChat with
    Jeremy Burton, President of Products and Marketing, on Tuesday, May 3 at
    12:00 PM PDT
    --  News: View additional related news from EMC Pulse Blog or visit the
    special EMC WORLD News microsite here
    --  Blog: "Beyond Boundaries: ECM for the Digital Era"
    

    Full Story:
    EMC Corporation's Enterprise Content Division (ECD), a leader in the enterprise content management industry, today announced EMC((R)) InfoArchive(TM) 4.0, a unified enterprise platform that powers extreme compliant archiving scenarios at petabyte scale. As enterprises modernize their data center and applications, a solution that archives legacy apps to reduce costs - while continuing to make data available to the organization - is required. With its fast time to value and the small footprint, EMC InfoArchive 4.0 enhances the ability to secure and leverage large amounts of critical application data and content to empower modern-day business success.

    Redefining Archiving with Extreme Archiving
    EMC InfoArchive 4.0 includes a completely new, horizontally scalable architecture, also combining flexible reporting and easy accessibility to make vast amounts of data and content available. Designed to provide visibility into both structured and unstructured data sources and dependencies in one architecture, InfoArchive 4.0 is easing complexities and eliminating the siloed infrastructure of the past.

    "Extreme archiving scenarios at petabyte scale are becoming increasingly important for two reasons," said Jeroen van Rotterdam, CTO of EMC's Enterprise Content Division. "First, managing the amount of structured and unstructured data created and processed today is tremendously challenging. Second, the pressure to maintain compliant data in highly regulated industries, such as Financial Services, has intensified. Customers require the right solution to address both of these challenges, as well as to achieve cost savings and better data insights, which ultimately drive better business decisions."

    "Many of today's organizations struggle with managing vast amounts of data residing in both production applications and legacy systems," Laura DuBois, Group Vice President for IDC's Enterprise Storage, Server and System Infrastructure Software research. "Solutions like EMC's InfoArchive 4.0 help firms address this challenge, while preserving the value of content in a single, compliant, easily accessible and scalable archive."

    In-Place Regulatory Compliance
    EMC InfoArchive 4.0's compliance capabilities address business pressures and changes brought on by factors such as the volume and diversity of information, shifting supervisory expectations, constant regulatory change and complex legislation. These new features enable retention management, legal holds, data masking and PCI compliance without the need to copy or reprocess data after it has been ingested. EMC InfoArchive 4.0 can also meet enterprise-scale compliance scenarios such as Dodd-Frank in the United States, MiFID2/R in the European Union and the Office of the Superintendent of Financial Institutions (OFSI) E-13 in Canada.

    Out-of-the-Box Compliant Big Data Access
    While other available products require expensive and custom adds-on to adhere to regulatory mandates, EMC InfoArchive 4.0 is the only solution that can provide out-of-the-box compliant data access for Hadoop. With EMC InfoArchive 4.0, regulated information and records can be made available to big data analytics at a low total cost of ownership (TCO) and without compliance compromises.

    Support for SAP Active Archiving and Application Retirement
    EMC InfoArchive now enables customers to manage SAP data throughout the application lifecycle. The EMC platform supports active archiving of SAP production systems into EMC InfoArchive with SAP Archivelink. Not only can users access and retrieve data using SAP-native tools, but they can also manage data in a centralized repository and maintain compliance with both industry regulations and company policies.

    EMC InfoArchive also supports SAP application retirement and decommissioning, through partnerships with PBS Software GmbH and EPI-USE Labs. With these partner solutions, EMC provides SAP users a smooth transition to new technologies such as SAP HANA(R), SAP S4HANA(R) and the SAP SuccessFactors(R) cloud solution. EMC InfoArchive manages data across the transition by offloading inactive information from SAP before migration. This helps reduce the timeframe, cost and effort for SAP upgrades and consolidation projects.

    Pricing and Availability
    EMC InfoArchive 4.0 will be generally available on June 13, 2016. EMC InfoArchive is volume priced by TB ingested.

    Partner Quotes:
    Tim Nelms, Business Unit Manager, Archiving Division, Crawford Technologies: "Enterprises generate over 50 billion pieces of customer communications each year in the in the US alone. In many cases these documents need to be retained for compliance reasons, reference and customer service. EMC InfoArchive 4.0 supplies a unique solution to the challenge of customer communications archiving; it can handle the scale, compliance and multitude of use cases that occur with customer communications, in a small footprint."

    JD Sillion, Chief Solutions Officer, Flatirons Solutions: "EMC InfoArchive 4.0 allows Flatirons to manage even larger volumes of data and content for our application retirement clients. EMC's robust, straightforward and well-supported technology means we can quickly provide solutions that have modern user experiences on a trusted platform that meets demanding regulatory, governance, audit and reporting mandates. InfoArchive 4.0 helps accelerate our customers' return on investment in application retirement."

    Dirk Bode, CEO, fme: "With today's explosion in data growth, our clients find that keeping all their information in ECM systems is neither cost effective nor scalable. EMC InfoArchive 4.0 offers the perfect solution for this challenge, empowering clients to distinguish between active content and static data. Our EMC Certified Solution, migration-center, uses the power of EMC InfoArchive to strategically organize, transform and move large volumes of documents, reducing costs for storage, servers, operations, support and DBMS licenses."

    Douglas Vargo, Vice President, Paragon Solutions, Inc.: "Our clients in the Financial Services, Insurance and Life Science industries encounter a wide variety of compliance requirements, such as retention, data encryption, electronic signature, time stamping and more. The new features in EMC's InfoArchive 4.0 address these challenges, making regulatory compliance and corporate records governance easier to manage."

    Additional Resources:

    --  Watch the Momentum keynote on Periscope at 1:30pm PT on Monday, May 2
    --  Learn more about InfoArchive 4.0 on EMC.com
    --  Learn more about the Enterprise Content Division leadership team
    --  Connect with ECD via SPARK Blog, Twitter, Facebook, YouTube, LinkedIn
    and Momentum ECM on ECN.
    

    About EMC InfoArchive
    EMC InfoArchive is a unified enterprise archiving platform that stores related structured data and unstructured content in a single consolidated repository. It enables corporations to preserve the value of enterprise information in a single, compliant, and easily accessible unified archive. Supported by a robust partner ecosystem, including the InfoArchive Consortium, EMC offers industry and horizontal solutions to address specific organizational requirements, such as Clinical Archiving.

    About EMC
    EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing. Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset -- information -- in a more agile, trusted and cost-efficient way. Additional information about EMC can be found at www.EMC.com.

    EMC and InfoArchive are registered trademarks or trademarks of EMC Corporation in the United States and other countries. All other trademarks used herein are the property of their respective owners.

    This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) risks associated with the proposed acquisition of EMC by Denali Holdings, Inc., the parent company of Dell, Inc., including, among others, assumptions related to the ability to close the acquisition, the expected closing date and its anticipated costs and benefits; (ii) adverse changes in general economic or market conditions; (iii) delays or reductions in information technology spending; (iv) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (v) competitive factors, including but not limited to pricing pressures and new product introductions; (vi) component and product quality and availability; (vii) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (viii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (ix) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (x) the ability to attract and retain highly qualified employees; (xi) insufficient, excess or obsolete inventory; (xii) fluctuating currency exchange rates; (xiii) threats and other disruptions to our secure data centers or networks; (xiv) our ability to protect our proprietary technology; (xv) war or acts of terrorism; and (xvi) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/emc-announces-new-extreme-archiving-platform-for-structured-and-unstructured-data-300260682.html

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    CONTACT: Jeff Neal, 510-246-2384, jeffrey.neal@emc.com

    Web site: http://www.emc.com/




    InformationWeek Elite 100 Honors Nation's Most Tech-Innovative OrganizationsIT Executives Gather at Annual Conference to Share Best Practices on Building World-Class IT Enterprises

    LAS VEGAS, May 2, 2016 /PRNewswire/ -- InformationWeek is pleased to announce the 2016 InformationWeek Elite 100. The 28th annual ranking recognizes 100 organizations that have distinguished themselves through the innovative application of business technology. The rankings and research were announced during the InformationWeek Elite100 Conference, held May 2-3 at the Four Seasons Hotel in Las Vegas. For more on the 2016 InformationWeek Elite 100, please visit: informationweek.com/elite100.

    https://photos.prnewswire.com/prnvar/20160426/360241

    "Hearty congratulations to all the winning companies and executives," said Susan Nunziata, Editorial Director, InformationWeek. "It's an honor for us to learn about all the ways that today's organizations are putting technology first to serve their business, their employees, and their customers. Choosing the final list wasn't easy, as we received many worthy submissions. What stood out most among all of the Elite 100 entries was the degree to which projects involved multiple stakeholders and remarkable levels of business and technology collaboration and cooperation, in some cases resulting in sweeping cultural change as well as significant ROI for the organizations involved."

    The top 10 companies in the 2016 InformationWeek Elite 100 rankings are:

    1. Capital One Financial
    2. The Weather Company
    3. Horizon Blue Cross Blue Shield of New Jersey
    4. Penn Medicine - University of Pennsylvania Health System
    5. FedEx Services
    6. TransUnion
    7. TIAA
    8. Darden Restaurants Inc.
    9. Massachusetts Convention Center Authority
    10. Jet Propulsion Laboratory
    

    Share this announcement on Twitter

    In addition to celebrating and honoring the 2016 InformationWeek Elite 100 award winners, CIOs and senior IT executives gathered at the conference to share strategies and best practices around the theme "How to Build a World-Class IT Enterprise: A Celebration of the InformationWeek Elite 100."

    Featured speakers included 2016 and 2015 award winners, such as: Jim Rinaldi, CIO, Jet Propulsion Lab; Steve Phillips, CIO, Avnet; Ken Spangler, SVP & CIO, FedEx Ground and FedEx Freight; Mike Restuccia, VP & CIO, University of Pennsylvania Health Systems; and Jeff Hamilton, SVP, Business Technology, Pfizer.

    Highlights from InformationWeek's 2016 Elite 100 Executive Research include:

    --  Analytics and a focus on the customer dominate the InformationWeek Elite
    100 companies' innovation strategies for 2016. Seventy-four percent
    reported they will use data analytics to help in decision making, 46%
    will engage customers in new ways, and 43% will use technology to make
    business processes more efficient.
    --  Mobility and cloud computing are two top areas of focus for the Elite
    100. More than three-quarters of respondents (80%) have already rolled
    out mobile apps for their customers. Nearly three-quarters (72%) are
    using cloud infrastructure services for application development or
    production systems.
    --  Four out of 10 (41%) of the Elite 100 CIOs report that they are
    officially responsible for technology innovation, outside of their
    standard IT duties.
    

    "The caliber of companies who applied for this year's Elite 100 list is unprecedented," said Amy Doherty, Director of Research, InformationWeek. "The IT teams of this year's Elite 100 work closely with their corporate management counterparts and are highly integrated with the business. The projects the 2016 applicants outlined demonstrated time and again that when an IT team understands the business value of technology and utilizes their IT budget to drive innovation, the outcome can be game changing."

    This year's InformationWeek Conference was sponsored by: CA Technologies, BlueCat, SAS and Splunk. The conference was co-located with UBM's Interop Las Vegas.

    For more on the 2016 InformationWeek Elite 100, please visit: informationweek.com/elite100.

    Follow InformationWeek on Twitter @InformationWeek
    Like InformationWeek on Facebook
    Connect with InformationWeek on LinkedIn

    About InformationWeek
    For more than 30 years, InformationWeek has provided millions of IT executives worldwide with the insight and perspective they need to leverage the business value of technology. InformationWeek provides CIOs and IT executives with commentary, analysis and research through its thriving online community, digital issues, webcasts, virtual events, proprietary research and live, in-person events. InformationWeek's award-winning editorial coverage can be found at www.informationweek.com. InformationWeek is organized by UBM Americas, a part of UBM plc (UBM.L), an Events First marketing and communications services business. For more information, visit ubmamericas.com.

    For more information, contact:
    Winnie Ng
    VP of Marketing, UBM Americas
    winnie.ng@ubm.com

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/informationweek-elite-100-honors-nations-most-tech-innovative-organizations-300258208.html

    Photo: https://photos.prnewswire.com/prnh/20160426/360241 InformationWeek

    Web site: http://www.informationweek.com/

    Company News On-Call: http://www.prnewswire.com/comp/AAB329.html




    EMC Unveils Suite of Intuitive, Cloud-Native Content Apps to Revolutionize ECM and Transform the Way People Engage with ContentEMC LEAP Accelerates Digital Transformation and Offers Customers a Competitive Advantage

    LAS VEGAS, May 2, 2016 /PRNewswire/ -- EMC WORLD 2016

    https://photos.prnewswire.com/prnvar/20160501/362083

    News Summary:

    --  EMC((R) )LEAP suite provides best source for purpose-built enterprise
    content apps that provide effortless engagement with content and solve
    digital business challenges.
    --  EMC LEAP apps are designed to work with any content repository, but are
    engineered to work "better together" with the Documentum((R)) family of
    products.
    --  EMC is partnering with DocuSign((R))  to enable digital enterprise
    workflows using DocuSign eSignature and DTM technology.
    --  EMC announces LEAP Together Program including revolutionary, new
    customer loyalty benefit, providing free access to specific apps for
    existing Documentum customers.
    

    Connect With Us At EMC World 2016:

    --  Session Streaming: For video of keynotes, general sessions, backstage
    sessions, and EMC TV coverage, click here
    --  Social: Follow @EMCWorld, @EMCCorp, and @EMC_News, and join
    conversations with #EMCWORLD, #MMTM16 and like EMC on Facebook
    --  Photos: Access event photos via Flickr
    --  Live Chat:  Click here to join the "Ask Me Anything" CrowdChat with
    Jeremy Burton, President of Products and Marketing, on Tuesday, May 3 at
    12:00 PM PDT
    --  News: View additional related news from EMC Pulse Blog or visit the
    special EMC WORLD News microsite here
    --  Blog: "Beyond Boundaries: ECM for the Digital Era"
    

    Full Story:
    EMC((R)) Corporation's Enterprise Content Division (ECD), a leader in enterprise content management (ECM), today announced EMC LEAP, a suite of purpose-built, cloud-native content apps designed to revolutionize the content management industry and transform interactions with business content. Unlike other offerings in the market, EMC LEAP apps deliver enterprise-grade content management capabilities combined with the most intuitive user experience for diverse business use cases.

    "Our goal with the EMC LEAP family is to humanize the experience of interacting with business content," said Rohit Ghai, President of EMC's Enterprise Content Division. "Beautiful, intuitive, and purpose-built apps drive engagement, which has a ripple effect. Customer engagement drives loyalty; employee engagement improves productivity; and partner and supplier engagement fosters better collaboration across the value chain. This level of engagement enables superior customer service, greater agility and new business opportunities, and is a key marker of a successful digital business."

    The EMC LEAP family will consist of both EMC and third-party content apps, a modular platform and a premier marketplace, powered by the industry's richest and most-advanced set of content services. EMC LEAP apps are interoperable with existing content repositories, but engineered to work "better together" with the Documentum((R) )family of content management products. Repository independence allows content to be managed in place - without customers having to migrate their content - unlike other solutions in the market.

    "EMC LEAP is a game changer; it's a few small apps for users, one giant leap for ECM," said Savinay Berry, Vice President of Products for EMC's Enterprise Content Division. "We've taken a fundamentally different approach to ECM, while building on more than 25 years of experience in managing critical content for industry-leading organizations. Now, interacting and engaging with business content is effortless. The EMC LEAP family seamlessly integrates with existing systems and can easily be configured in minutes for different use cases and industry vertical requirements."

    Today, EMC is introducing five apps focused on a variety of content management use cases, a new partner and customer success program, and a new partnership with DocuSign.

    LEAP Courier: Content Exchange without the Chaos
    LEAP Courier offers a new way to power business processes that depend on structured document exchange across organizational boundaries. It provides a consumer-grade user experience for secure and structured document exchange, validation and tracking. It is easily adaptable to different use cases, configurable in minutes without any additional development.

    LEAP Snap: Enterprise Capture for Everyone
    LEAP Snap delivers the power of enterprise-grade document capture to all business users by offering a delightful and easy-to-use experience. Its powerful Advanced Recognition automatically captures, categorizes and organizes documents and related document information in real-time, turning unstructured content into actionable digital business information. The solution is simple, enables users to spin up an environment in less than five minutes, and includes an innovative template design service to start the capture process without the need for any configuration or development.

    LEAP Concert: Collaborative Document Authoring with Control
    LEAP Concert enables the creation of a wide variety of documents in a collaborative but controlled environment. Organizations can easily set up or import a working document to begin dividing up tasks on the project. LEAP Concert includes the ability to identify and assign work to be done on the document, and simple review workflows allow sections to be approved and completed, advancing the overall progress of the document. Project owners can protect existing content, only allowing users to modify the individual sections that have been assigned to them.

    LEAP Express: Anywhere, Anytime Access to Your Content
    LEAP Express is a lightweight app designed to easily browse, access, search and approve all content, no matter where it lives. Express supports multiple form factors including web, tablet and mobile, leveraging the latest design paradigms and security features such as touch ID. Repository independence enables a unified view of all documents and tasks, eliminating the need to jump across different, custom apps to effectively work with content.

    LEAP Focus: Optimized Document Viewing Designed for Mobile
    LEAP Focus dramatically improves the document consumption experience on mobile devices. It allows for fast, yet detailed reading and reviewing of business documents like sales contracts and agreements on the go. It eliminates the frustrating "pinch-to-zoom" experience by automatically reformatting the document based on selected font size for the device, and reduces the requirement to view documents on non-mobile devices.

    eSignature and Digital Transaction Management
    As part of its vision to provide customers with premier content apps, EMC is partnering with DocuSign, Inc. (DocuSign((R))). DocuSign is the global leader in eSignature and Digital Transaction Management (DTM), essential technology for enabling digital enterprise workflows.

    "LEAP is a game-changing set of SaaS-based content applications that advance EMC's vision for next-generation enterprise content solutions," said Mark Register, SVP of Business Development and Channels at DocuSign. "We're thrilled to have EMC join the DocuSign Global Trust Network to bring the power of DocuSign DTM and eSignature to EMC customers to help them solve critical digital challenges."

    LEAP Together: Customer and Partner Success Programs
    LEAP Together is a comprehensive program designed to provide customers and partners with additional benefits and ensure faster time to value with their LEAP apps.

    For existing customers, EMC is offering a revolutionary Loyalty Tier, granting free access to its new LEAP suite of apps. Designed to reward EMC customers for their continuing loyalty to the Documentum family of products, this new program will enable all current, maintenance-paying customers to immediately access and begin using relevant EMC LEAP apps free of charge in the Loyalty Tier. Customers will also enjoy superior customer support with dedicated LEAP Customer Success Managers, who will help deploy and ensure apps are running smoothly in their infrastructure.

    EMC is also expanding support for its robust and vibrant partner community by launching a new SaaS Solution Provider Track within the ECD Business Partner Program. By establishing a SaaS specialty, ECD is providing approved partners with specific benefits and requirements that are aligned with the SaaS sales motion. In addition, partners will receive compelling financial incentives to drive rapid adoption of the SaaS program and new sales of the LEAP apps. As new apps become generally available, partners will have the opportunity to resell apps and services, with additional program features to be launched later this year.

    Pricing and Availability
    LEAP Courier and LEAP Snap are available to a limited number of customers today and will be generally available in June. LEAP Concert, LEAP Express, and LEAP Focus are in active recruitment for beta customers this quarter with general availability in the second half of 2016. All LEAP solutions are available on pay-per-use subscription basis and use value-based pricing. Through the LEAP Together Program and Loyalty Tier, existing customers will get free access to equivalent apps (see above for more information).

    Customer Quote:
    Jamaluddin Kokan, Senior Technology Architect, Infosys
    "I'm impressed with how intuitive the EMC LEAP apps are, and how easily they can be configured in a matter of minutes for different use cases. The EMC offerings have the look and feel of consumer apps, are simple to implement, and will allow all of our clients to easily and quickly engage with content."

    Analyst Quotes:
    EMC LEAP [formerly Project Horizon] "embodies the most innovation in terms of content that we've seen from EMC in years," wrote Craig Le Clair and Cheryl McKinnon of Forrester Research.*

    Melissa Webster, Program Vice President, Content and Digital Media Technologies, IDC: "The nature of work is changing. Businesses need to collaborate digitally with customers, partners, suppliers, and employees - in real time, from any device. This requires intuitive, cloud-based apps that let them easily co-create, contribute, and share information - and coordinate efforts. Collaboration is also a vital part of business processes, and enterprises can lose critical context when collaboration is disconnected from the business focus. It requires fundamentally reimagining content collaboration. EMC's LEAP suite makes that LEAP."

    Partner Quotes:
    Scott Schaftlein, Managing Director, Accenture Interactive: "When we're consulting with organizations on digital transformation, adoption and speed to market are key C-level concerns. We're excited to see EMC LEAP bring a new level of innovation for EMC, as we believe a relentless focus on intuitive, modular solutions will drive faster speed to market and enable better adoption of new, digital capabilities."

    Michael Woodbridge, ECM Chief Technology Officer, Capgemini UK: "We're a trusted advisor in our customers' digital transformation journey. Frequently, customers struggle with content silos and harvesting knowledge out of their content, which represents the largest amount of data within organizations today. EMC's LEAP family provides organizations with applications that fit into a modern digital workplace backed by rigorous, industrial-grade content management."

    Mario Duckett, Vice President of Enterprise Content Solutions, MetaSource: "EMC's LEAP suite offers a set of easy-to-use content apps and services in a platform that is solving complex business problems, yet also opens up new opportunities for the SMB space. We've been a successful SaaS and Captiva(R) provider for many years, and we're excited to see how customers will leverage Snap, which packs the power of enterprise-grade capture into a simple app that any casual business worker can use."

    Erik Raper, Senior Vice President, Paragon Solutions, Inc.: "EMC's new collection of content-centric apps underscores its appreciation of domain-centric solutions. EMC LEAP extends the value of Documentum to enable digital transformation and bring customers high-quality, industry-specific solutions, in a simplified app experience."

    Additional Resources:

    --  Watch the Momentum keynote on Periscope at 1:30pm PT on Monday, May 2
    --  Learn more about EMC LEAP on EMC.com
    --  View the EMC LEAP video
    --  Learn more about the Enterprise Content Division leadership team
    --  Connect with ECD via SPARK Blog, Twitter, Facebook, YouTube, LinkedIn
    and Momentum ECM on ECN.
    

    About EMC

    EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing. Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset -- information -- in a more agile, trusted and cost-efficient way. Additional information about EMC can be found at www.EMC.com.

    *"Brief: Five Reasons The Dell Acquisition Will End Up As A Positive For Documentum Customers," Forrester Research, November 2015.

    EMC, Documentum and Captiva are registered trademarks or trademarks of EMC Corporation in the United States and other countries. All other trademarks used herein are the property of their respective owners.

    This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) risks associated with the proposed acquisition of EMC by Denali Holdings, Inc., the parent company of Dell, Inc., including, among others, assumptions related to the ability to close the acquisition, the expected closing date and its anticipated costs and benefits; (ii) adverse changes in general economic or market conditions; (iii) delays or reductions in information technology spending; (iv) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (v) competitive factors, including but not limited to pricing pressures and new product introductions; (vi) component and product quality and availability; (vii) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (viii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (ix) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (x) the ability to attract and retain highly qualified employees; (xi) insufficient, excess or obsolete inventory; (xii) fluctuating currency exchange rates; (xiii) threats and other disruptions to our secure data centers or networks; (xiv) our ability to protect our proprietary technology; (xv) war or acts of terrorism; and (xvi) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.

    https://photos.prnewswire.com/prnvar/20160501/362084

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/emc-unveils-suite-of-intuitive-cloud-native-content-apps-to-revolutionize-ecm-and-transform-the-way-people-engage-with-content-300260687.html

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    https://photos.prnewswire.com/prnh/20160501/362084 EMC Corporation

    CONTACT: Jeff Neal, 510-246-2384, jeffrey.neal@emc.com

    Web site: http://www.emc.com/




    ID Watchdog Announces Record Revenues for First Quarter 2016

    DENVER, May 2, 2016 /PRNewswire/ --

    --  Employee Benefit revenues increased 152.8%
    --  Total revenues increased 102.6%
    --  Operating Income increased 110.0%
    

    ID Watchdog, Inc. (PINKSHEETS: IDWAF) ("ID Watchdog" or the "Company"), provider of consumer-facing identity theft protection and resolution services, today announced its results for the first quarter ended March 31, 2016. All amounts are in U.S. dollars.

    1st Quarter 2016 Highlights:

    --  Revenue: Revenue totaled $2,572,675 for the first quarter of 2016, an
    increase of $1,302,989, or 102.6%, from the first quarter of 2015.
    During the first quarter of 2016, revenue from our employee benefit
    channel contributed $1,348,946 to the total increase in revenues, which
    was partially offset by a slight decrease in the other revenue channels.
    --  Gross Profit: Gross profit increased by 966,303, or 104.8%, from
    $922,037 during the first quarter of 2015 to $1,888,340 during the first
    quarter of 2016.  The gross margin rates for the first quarter of 2016
    and 2015 were 73.4% and 72.6%, respectively.
    --  Operating Income:  For the first quarter of 2016, Operating Income
    increased by $151,584 to $289,367 as compared with $137,783 for the
    similar period in 2015.
    --  Adjusted EBITDA:  For the first quarter of 2016, Adjusted EBITDA
    increased by $169,515 to $331,803 as compared with $162,288 for the
    similar period in 2015. Adjusted EBITDA margins for the first quarter of
    2016 and 2015 were 12.9% and 12.8%, respectively.
    --  Cash Balances: Cash and cash equivalents as of March 31, 2016, totaled
    1,933,232, an increase of $863,943 from our cash balances at December
    31, 2015.
    

    Second Quarter 2016 Guidance

    Three Months Ending Three Months Ending Change June 30, June 30, 2016- 2015-Actual vs. Guidance 2015 ---- Employee Benefit Revenue $917,519 $2,210,000 to $2,250,000 141% to 145% Total Revenue $1,296,265 $2,510,000 to $2,560,000 94% to 97% Gross Margin $966,980 $1,825,000 to $1,865,000 89% to 93% Operating Income (1) $137,119 $250,000 to $335,000 82% to 144% Adjusted EBITDA $159,141 $275,000 to $360,000 73% to 126%

    (1) Excludes any increase in stock- based compensation expenses resulting from any new stock option grants.

    ID Watchdog CEO, Michael Greene, stated, "We are pleased to report strong operating and financial performance in the first quarter of 2016, resulting in record total revenue and Adjusted EBITDA of $2,572,675 and $331,803, respectively. We had exceptionally strong growth in or Employee Benefit Channel where revenue grew by 152.8% driven by very strong January 1 employee enrollments. The demand for our identity theft protection services remains very strong and we look forward to building on this success."

    ID Watchdog, Inc. Consolidated Statements of Operations Three Months Ended March 31, --------- 2016 2015 ---- ---- Revenue $2,572,675 $1,269,686 Cost of revenue 684,335 347,649 ------- ------- Gross profit 1,888,340 922,037 Operating expense: General and administrative expense 596,399 331,226 Benefit broker commission expense 602,988 215,904 Sales and marketing expense 357,150 212,619 Share-based compensation expense 27,269 14,293 Depreciation and amortization expense 15,167 10,212 ------ ------ 1,598,973 784,254 --------- ------- Operating income 289,367 137,783 Other income (expense): Interest expense, net (163,025) (232,506) Litigation provision (39,808) - Gain on warrant liability 317,709 199,659 ------- ------- 114,876 (32,847) ------- ------- Net income and comprehensive income applicable to ordinary shares $404,243 $104,936 ======== ======== Basic and diluted net income per share applicable to ordinary shares $0.00 $0.00 ===== ===== Weighted average number of shares outstanding - basic and diluted 129,824,454 121,834,997 =========== =========== Reconciliation of Net Income to Adjusted EBITDA Three Months Ended March 31, ---------------------------- 2016 2015 ---- Net income $404,243 $104,936 Depreciation and amortization expense 15,167 10,212 Interest expense, net 163,025 232,506 ------- ------- EBITDA 582,435 347,654 Gain on warrant liability (317,709) (199,659) Litigation Provision 39,808 - Share-based compensation expense 27,269 14,293 ------ ------ Adjusted EBITDA $331,803 $162,288 ======== ========

    ID Watchdog, Inc. Consolidated Statements of Financial Position March 31, December 31, 2016 2015 ---- ---- ASSETS Cash and cash equivalents $1,933,232 $1,069,289 Trade receivable, net 569,460 311,136 Prepaid expenses and other 224,455 170,434 ------- ------- Total current assets 2,727,147 1,550,859 Property and equipment, net 161,945 155,995 Customer agreements, net 14,105 15,781 ------ ------ Total Assets $2,903,197 $1,722,635 ========== ========== LIABILITIES Accounts payable, accrued liabilities and other $1,797,662 $1,173,852 Deferred revenue 395,609 473,481 Provision 315,000 350,000 ------- ------- Total current liabilities 2,508,271 1,997,333 Promissory Notes 2,751,956 - Deferred rent 24,095 26,860 Finance lease obligations, net of current portion 16,678 17,641 Series C Preferred mandatorily redeemable preferred - 5,042,709 shares, net of discount and conversion feature Warrants liability - 317,709 --- ------- Total Liabilities 5,301,000 7,402,252 --------- --------- Total Shareholders' Deficit (2,397,803) (5,679,617) ---------- ---------- TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $2,903,197 $1,722,635 ========== ==========

    About Non-IFRS Financial Measure

    To supplement the Company's consolidated financial results presented in accordance with International Financial Reporting Standards ("IFRS"), the Company reports "Adjusted EBITDA" (net income (loss) before deducting net interest expense, income taxes, depreciation and amortization, share-based compensation, litigation provision, and gain on warrant liability) and uses this metric to measure the performance of our business. Adjusted EBITDA is not a performance measure defined under IFRS and is not considered an alternative to income from operations or net earnings in the context of measuring the Company's performance. Adjusted EBITDA does not have a standardized meaning and is therefore not likely to be comparable with similar measures used by other publicly traded companies. Adjusted EBITDA should not be used as an exclusive measure of cash flow since it does not account for the impact of working capital changes, income taxes, interest payments, capital expenditures, debt principal reductions and other sources and uses of cash, and is not meant to be considered in isolation or as a substitute for financial information prepared in accordance with IFRS.

    Financial information contained in this press release should be read in conjunction with the consolidated financial statements and notes thereto included in our most recent quarterly reports and our annual report. These documents are available online at www.sedar.com and in the "Company Overview" section of our website at www.IDWatchdog.com.

    About ID Watchdog, Inc.

    ID Watchdog was founded in 2005 and is headquartered in Denver, Colorado. The Company provides three-tiered comprehensive monitoring, detection and resolution for identity theft. ID Watchdog proactively detects identity theft problems at their source and provides immediate resolution services to ensure complete peace of mind for individuals. All the Company's services have been developed with input from industry experts; national consumer advocacy groups; federal, state, and local law enforcement agencies; consumer protection agencies; and adhere to guidelines published by the Consumer Federation of America. For more information, please visit www.IDWatchdog.com.

    Forward-Looking Statement

    This press release contains opinions, forecasts, projections, and other statements about future events or results that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and financial outlook and forward looking information within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. Such forward-looking statements include, but are not limited to, statements about: future revenue and the growth of revenue including growth from our Employee Benefit Channel; anticipated expenditures; our business strategies; our ability to grow in both the near and long term and the funding of our growth opportunities; the plans, objectives, expectations and intentions of the company regarding revenue growth; the Company's financial position including liquidity and financial capacity, and the future development of the company's business.

    The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance Company's filings with Canadian regulators at www.sedar.com. Furthermore, the forward-looking statements and financial outlook contained in this release are made as at the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements and financial outlook, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Company Contact:
    Jay B. Lewis
    Chief Financial Officer
    ID Watchdog, Inc.
    303-339-8099
    InvestorRelations@idwatchdog.com
    www.idwatchdog.com

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    Web site: http://www.idwatchdog.com/




    PR Newswire White Paper Explores Buyer 2.0's Impact on Demand Generation

    NEW YORK, May 2, 2016 /PRNewswire/ -- Communications professionals currently have an unprecedented opportunity to leverage PR to increase demand and revenue. Buyers favor what PR firms and marketing departments can best deliver -- informative, story-driven content. Communicators must improve and rethink the way they create and distribute their messages, aligning them with the buyers' journeys for maximum demand generation impact.

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    PR Newswire's white paper Understanding How Buyer 2.0 Impacts Your Approaches to Demand Generation discusses the changes to online buyer behavior, and how it can drive the shift in communications strategy.

    The white paper offers insight and advice for adapting PR tactics to align with today's buyer, such as:

    --  How to find and craft the right story, and determine the best channels
    for sharing it;
    --  Increasing the emphasis on 'earned media' and content distribution's
    role in closing content strategy gaps; and
    --  The importance of inbound marketing as part of an integrated,
    multichannel strategy.
    

    Public relations and marketing professionals face a new challenge in the age of Buyer 2.0, but the way to meet the challenge is clear: Deliver the right message on the right channel and you will get the right results. Download the white paper to learn how: http://prn.to/1VHIH5K.

    About PR Newswire
    PR Newswire (www.prnewswire.com) is the premier global provider of multimedia platforms that enable marketers, corporate communicators, sustainability officers, public affairs and investor relations officers to leverage content to engage with all their key audiences. Having pioneered the commercial news distribution industry over 60 years ago, PR Newswire today provides end-to-end solutions to produce, optimize and target content -- from rich media to online video to multimedia -- and then distribute content and measure results across traditional, digital, mobile and social channels. Combining the world's largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire enables the world's enterprises to engage opportunity everywhere it exists. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and is a UBM plc company.

    Media Contact:
    Victoria Harres
    Vice President, Strategic Communications & Content
    victoria.harres@prnewswire.com
    201-360-6882

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    Cadence Announces New Tensilica Vision P6 DSP Targeting Embedded Neural Network ApplicationsLatest DSP quadruples neural network performance capability compared to previous-generation Vision DSP

    SAN JOSE, Calif., May 2, 2016 /PRNewswire/ -- Cadence Design Systems, Inc. today announced the new Cadence(R) Tensilica(R) Vision P6 digital signal processor (DSP), Cadence's highest-performing vision/imaging processor, which extends the Tensilica product portfolio further into the fast-growing vision/deep learning applications areas. New instructions, increased math throughput and other enhancements set a new standard in imaging and computer vision benchmarks, increasing performance by up to 4X compared to the Tensilica Vision P5 DSP.

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    The Tensilica Vision P6 DSP quadruples multiply-accumulate (MAC) performance compared to the previous generation Vision P5 DSP, targeting convolutional neural network (CNN) applications which are dominated by available MAC performance. Compared to commercially available GPUs, the Tensilica Vision P6 DSP can achieve twice the frame rate at much lower power consumption on a typical neural network implementation. For a wide range of other key vision functions, such as convolution, FIR filters and matrix multiplication, the Tensilica Vision P6 DSP increases performance by up to 4X by utilizing its improved 8-bit and 16-bit arithmetic, making it an ideally suited DSP for CNN applications. In addition, the Tensilica Vision P6 implements on-the-fly data compression to sharply reduce memory footprint and bandwidth requirements for demanding "fully connected" neural network layers.

    The Tensilica Vision P6 DSP builds on the momentum of the market-leading Vision P5 DSP, which has already been designed-in by two of the leading mobile phone application processor vendors. Compatible with the Vision P5 DSP, this newest vision DSP offers an optional 32-way SIMD vector floating-point unit that includes the IEEE half precision standard (FP16). Floating-point performance capability is double that of the Vision P5 DSP, enabling easy use of existing floating-point neural network implementations.

    The advances in the Tensilica Vision P6 DSP further improve the ease of software development and porting, with comprehensive support for integer, fixed-point and floating-point data types and an advanced toolchain with a proven auto-vectorizing C compiler. The software environment also features complete support for standard OpenCV and OpenVX libraries, enabling fast, high-level migration of existing imaging/vision applications with support of over 1000 library functions. Early customer engagements on the Tensilica Vision P6 DSP are expected to begin in late June. For more information on the Tensilica Vision P6 DSP, contact your Cadence representative or visit http://www.cadence.com/news/TensilicaVisionP6.

    "Cadence is investing heavily on advanced vision and deep learning," said Chris Rowen, CTO for the IP Group at Cadence. "We are devoting intense efforts to discovering improved structures and training for neural networks, providing rich software environments for fast application development and offering breakthrough vision DSP architectures for embedded vision and learning deployment. The Tensilica Vision P6 design is the direct result of this investment and significantly raises the bar in both vision efficiency and scalability."

    "We have been working closely with Cadence to develop CNN-based vision applications. Features such as wide vector SIMD processing, VLIW instructions, and fast histogram and scatter/gather intrinsics make it an ideal platform for demanding CNN algorithms," said A. G. K. Karunakaran, president and CEO of Multicoreware. "The Tensilica Vision DSP's performance characteristics, combined with its highly tuned image processing libraries and robust development environment, enabled a power-efficient implementation of our algorithms and shortened our development cycle. We are excited to continue working with Cadence on their next-generation Vision P6 DSP."

    "Devices that are more aware of the world around them are more capable, more autonomous, safer and easier to use," said Jeff Bier, founder of the Embedded Vision Alliance. "By enabling widespread deployment of deep learning and computer vision, processors like the Tensilica Vision P6 DSP are making the promise of more intelligent devices a reality."

    The Tensilica Vision P6 DSP is based on the Cadence Tensilica Xtensa(R) architecture, and combines flexible hardware choices with a library of vision/imaging DSP functions and numerous vision/imaging applications from our established ecosystem partners. It also shares the comprehensive Tensilica partner ecosystem for other applications software, emulation and probes, silicon and services and much more. The Xtensa architecture is one of the most popular licensable processor architecture, shipping products spanning from sensors to supercomputers.

    About Cadence
    Cadence enables global electronic design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software, hardware, IP and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company is headquartered in San Jose, Calif., with sales offices, design centers and research facilities around the world to serve the global electronics industry. More information about the company, its products and its services is available at http://www.cadence.com.

    This press release contains certain forward-looking statements that are based on our current expectations and involve numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate. Risks that may cause these forward-looking statements to be inaccurate include, among others, the risks detailed from time-to-time in our U.S. Securities and Exchange Commission filings and reports, including, but not limited to, our most recent quarterly report on Form 10-Q and our annual report on Form 10-K. We do not intend to update the information contained in this press release.

    (C) 2016 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo, Tensilica, and Xtensa are registered trademarks of Cadence Design Systems, Inc. in the United States and other countries. All other trademarks or registered trademarks are those of their respective holders.

    For more information, please contact:
    Cadence Newsroom
    408-944-7039
    newsroom@cadence.com

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    Monolithic Power Systems Announces Results for the First Quarter Ended March 31, 2016

    SAN JOSE, Calif., May 2, 2016 /PRNewswire/ -- Monolithic Power Systems, Inc. (MPS) , a leading company in high performance power solutions, today announced financial results for the quarter ended March 31, 2016.

    --  Revenue was $84.5 million, a 2.8% decrease from $86.9 million in the
    fourth quarter of 2015 and a 14.9% increase from $73.5 million in the
    first quarter of 2015.
    --  GAAP gross margin was 53.9% compared with 54.0% in the first quarter of
    2015.
    --  Non-GAAP gross margin(1) was 55.0%, excluding the impact of $0.4 million
    for stock-based compensation expense and $0.5 million for the
    amortization of acquisition-related intangible assets, compared with
    54.8% in the first quarter of 2015, excluding the impact of $0.2 million
    for stock-based compensation expense and $0.4 million for the
    amortization of acquisition-related intangible assets.
    --  GAAP operating expenses were $35.1 million compared with $33.8 million
    for the quarter ended March 31, 2015.
    --  Non-GAAP(1) operating expenses were $26.4 million, excluding $8.5
    million for stock-based compensation expense and $0.2 million for
    deferred compensation plan expense, compared with $24.7 million,
    excluding $9.0 million for stock-based compensation expense and $0.1
    million for deferred compensation plan expense, for the quarter ended
    March 31, 2015.
    --  GAAP operating income was $10.4 million compared with $5.9 million for
    the quarter ended March 31, 2015.
    --  Non-GAAP(1) operating income was $20.0 million, excluding $9.0 million
    for stock-based compensation expense, $0.5 million for the amortization
    of acquisition-related intangible assets and $0.1 million for deferred
    compensation plan expense, compared with $15.6 million, excluding $9.2
    million for stock-based compensation expense, $0.4 million for the
    amortization of acquisition-related intangible assets and $0.1 million
    for deferred compensation plan expense, for the quarter ended March 31,
    2015.
    --  Interest and other income, net was $0.5 million compared with $0.6
    million for the quarter ended March 31, 2015.
    --  Non-GAAP(1) interest and other income, net was $0.2 million, excluding
    $0.3 million for deferred compensation plan income, compared with $0.5
    million, excluding $0.1 million for deferred compensation plan income,
    for the quarter ended March 31, 2015.
    --  GAAP net income was $10.6 million and GAAP earnings per share were $0.25
    per diluted share. Comparatively, GAAP net income was $6.0 million and
    GAAP earnings per share were $0.15 per diluted share for the quarter
    ended March 31, 2015.
    --  Non-GAAP(1) net income was $18.7 million and non-GAAP earnings per share
    were $0.45 per diluted share, excluding stock-based compensation
    expense, amortization of acquisition-related intangible assets, net
    deferred compensation plan income and related tax effects, compared with
    non-GAAP net income of $14.9 million and non-GAAP earnings per share of
    $0.37 per diluted share, excluding stock-based compensation expense,
    amortization of acquisition-related intangible assets, net deferred
    compensation plan expense and related tax effects, for the quarter ended
    March 31, 2015.
    

    The following is a summary of revenue by end market for the periods indicated, estimated based on MPS's assessment of available end market data (in millions):

    Three Months Ended March 31, ------------------ End Market 2016 2015 ---------- ---- ---- Communication $16.9 $17.3 Storage and Computing 15.4 11.4 Consumer 33.8 31.5 Industrial 18.4 13.3 Total $84.5 $73.5 ===== =====

    The following is a summary of revenue by product family for the periods indicated (in millions):

    Three Months Ended March 31, ------------------ Product Family 2016 2015 -------------- ---- ---- DC to DC $77.1 $66.3 Lighting Control 7.4 7.2 Total $84.5 $73.5 ===== =====

    "We continue to grow, we continue to invest, and we continue to enhance shareholder value," said Michael Hsing, CEO and founder of MPS.

    Business Outlook

    The following are MPS' financial targets for the second quarter ending June 30, 2016:

    --  Revenue in the range of $91 million to $95 million.
    --  GAAP gross margin between 53.6% and 54.6%. Non-GAAP(1) gross margin
    between 54.6% and 55.6%. This excludes an estimated impact of
    stock-based compensation expenses of 0.4% and amortization of
    acquisition-related intangible assets of 0.6%.
    --  GAAP R&D and SG&A expenses between $36.1 million and $40.1 million.
    Non-GAAP(1) R&D and SG&A expenses between $26.1 million and $28.1
    million. This excludes an estimate of stock-based compensation expenses
    in the range of $10.0 million to $12.0 million.
    --  Total stock-based compensation expense of $10.4 million to $12.4
    million.
    --  Litigation expenses of $100,000 to $200,000.
    --  Interest and other income of $200,000 to $300,000 before foreign
    exchange gains or losses.
    --  Fully diluted shares outstanding between    41.2 million and 42.2
    million before shares buyback.
    

    (1) Non-GAAP net income, non-GAAP earnings per share, non-GAAP gross margin, non-GAAP R&D and SG&A expenses, non-GAAP operating expenses, non-GAAP interest and other income and non-GAAP operating income differ from net income, earnings per share, gross margin, R&D and SG&A expenses, operating expenses, interest and other income and operating income determined in accordance with GAAP (Generally Accepted Accounting Principles in the United States). Non-GAAP net income and non-GAAP earnings per share exclude the effect of stock-based compensation expense, amortization of acquisition-related intangible assets, deferred compensation plan income/expense and related tax effects. Non-GAAP gross margin exclude the effect of stock-based compensation expense and amortization of acquisition-related intangible assets. Non-GAAP operating expenses exclude the effect of stock-based compensation expense and deferred compensation plan income/expense. Non-GAAP interest and other income exclude the effect of deferred compensation plan income/expense. Non-GAAP operating income excludes the effect of stock-based compensation expense, amortization of acquisition-related intangible assets, and deferred compensation plan income/expense. Projected non-GAAP gross margin excludes the effect of stock-based compensation expense and amortization of acquisition-related intangible assets. Projected non-GAAP R&D and SG&A expenses exclude the effect of stock-based compensation expense. These non-GAAP financial measures are not prepared in accordance with GAAP and should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. A schedule reconciling non-GAAP financial measures is included at the end of this press release. MPS utilizes both GAAP and non-GAAP financial measures to assess what it believes to be its core operating performance and to evaluate and manage its internal business and assist in making financial operating decisions. MPS believes that the inclusion of non-GAAP financial measures, together with GAAP measures, provides investors with an alternative presentation useful to investors' understanding of MPS' core operating results and trends. Additionally, MPS believes that the inclusion of non-GAAP measures, together with GAAP measures, provides investors with an additional dimension of comparability to similar companies. However, investors should be aware that non-GAAP financial measures utilized by other companies are not likely to be comparable in most cases to the non-GAAP financial measures used by MPS.

    Conference Call
    MPS plans to conduct an investor teleconference covering its quarter ended March 31, 2016 results at 2:00 p.m. PT / 5:00 p.m. ET, May 2, 2016. To access the conference call and the following replay of the conference call, go to http://ir.monolithicpower.com and click on the webcast link. From this site, you can listen to the teleconference, assuming that your computer system is configured properly. In addition to the webcast replay, which will be archived for all investors for one year on the MPS website, a phone replay will be available for seven days after the live call at (404) 537-3406, code number 86107541. This press release and any other information related to the call will also be posted on the website.

    Safe Harbor Statement
    This press release contains, and statements that will be made during the accompanying teleconference will contain, forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including, among other things, (i) projected revenues, GAAP and non-GAAP gross margin, GAAP and non-GAAP R&D and SG&A expenses, stock-based compensation expenses, amortization of acquisition-related intangible assets, litigation expenses, other income and diluted shares outstanding for the quarter ending June 30, 2016, (ii) our outlook for the long-term prospects of the company, including our performance against our business plan, our continued investment into R&D, expected revenue growth and the prospects of our new product families, (iii) our ability to penetrate new markets and expand our market share, (iv) the seasonality of our business, (v) our ability to reduce our expenses, and (vi) statements of the assumptions underlying or relating to any statement described in (i), (ii), (iii), (iv), or (v). These forward-looking statements are not historical facts or guarantees of future performance or events, are based on current expectations, estimates, beliefs, assumptions, goals, and objectives, and involve significant known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from the results expressed by these statements. Readers of this press release and listeners to the accompanying conference call are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Factors that could cause actual results to differ include, but are not limited to, our ability to attract new customers and retain existing customers; acceptance of, or demand for, MPS' products, in particular the new products launched within the past 18 months, being different than expected; competition generally and the increasingly competitive nature of our industry; any market disruptions or interruptions in MPS' schedule of new product release development; adverse changes in production and testing efficiency of our products; our ability to realize the anticipated benefits of companies and products that we acquire, and our ability to effectively and efficiently integrate these acquired companies and products into our operations; our ability to manage our inventory levels; adverse changes in government regulations in foreign countries where MPS has offices or operations; the effect of catastrophic events; adequate supply of our products from our third-party manufacturing partners; the risks, uncertainties and costs of litigation in which we are involved; the outcome of any upcoming trials, hearings, motions and appeals; the adverse impact on MPS' financial performance if its tax and litigation provisions are inadequate; adverse changes or developments in the semiconductor industry generally, which is cyclical in nature; difficulty in predicting or budgeting for future customer demand and channel inventories, expenses and financial contingencies; and other important risk factors identified in MPS' Securities and Exchange Commission (SEC) filings, including, but not limited to, its annual report on Form 10-K filed with the SEC on February 29, 2016.

    The forward-looking statements in this press release and statements made during the accompanying teleconference represent MPS' projections and current expectations, as of the date hereof, not predictions of actual performance. MPS assumes no obligation to update the information in this press release or in the accompanying conference call.

    About Monolithic Power Systems
    Monolithic Power Systems, Inc. (MPS) provides small, highly energy efficient, easy-to-use power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. MPS' mission is to reduce total energy consumption in its customers' systems with green, practical, compact solutions. The company was founded by Michael R. Hsing in 1997 and is headquartered in San Jose, CA. MPS can be contacted through its website at www.monolithicpower.com or its support offices around the world.

    Monolithic Power Systems, MPS, and the MPS logo are registered trademarks of Monolithic Power Systems, Inc. in the U.S. and trademarked in certain other countries.

    Condensed Consolidated Balance Sheets (Unaudited, in thousands, except par value) March 31, December 31, 2016 2015 ---- ---- ASSETS Current assets: Cash and cash equivalents $77,808 $90,860 Short- term investments 173,693 144,103 Accounts receivable, net 28,836 30,830 Inventories 62,318 63,209 Prepaid expenses and other current assets 2,909 2,926 Total current assets 345,564 331,928 ------- ------- Property and equipment, net 66,527 65,359 Long- term investments 5,353 5,361 Goodwill 6,571 6,571 Acquisition- related intangible assets, net 4,540 5,053 Deferred tax assets, net 663 672 Other long- term assets 17,894 16,341 Total assets $447,112 $431,285 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $15,731 $13,487 Accrued compensation and related benefits 9,552 9,812 Accrued liabilities 20,040 19,984 Total current liabilities 45,323 43,283 ------ ------ Income tax liabilities 3,114 2,941 Other long- term liabilities 16,689 16,545 Total liabilities 65,126 62,769 ------ ------ Commitments and contingencies Stockholders' equity: Common stock authorized: and additional paid- in capital, $0.001 par value; shares 150,000; shares issued and outstanding: 40,236 and 39,689 as of March 31, 2016 and December 31, 2015, respectively 276,450 265,763 Retained earnings 103,362 101,287 Accumulated other comprehensive income 2,174 1,466 Total stockholders' equity 381,986 368,516 ------- ------- Total liabilities and stockholders' equity $447,112 $431,285 ======== ========

    Condensed Consolidated Statements of Operations (Unaudited, in thousands, except per share amounts) Three Months Ended March 31, ------------------ 2016 2015 ---- ---- Revenue $84,512 $73,538 Cost of revenue 39,002 33,855 ------ ------ Gross profit 45,510 39,683 ------ ------ Operating expenses: Research and development 17,321 16,038 Selling, general and administrative 17,768 17,518 Litigation expense 45 270 Total operating expenses 35,134 33,826 ------ ------ Income from operations 10,376 5,857 Interest and other income, net 543 642 --- --- Income before income taxes 10,919 6,499 Income tax provision 344 536 Net income $10,575 $5,963 ======= ====== Net income per share: Basic $0.26 $0.15 Diluted $0.25 $0.15 Weighted-average shares outstanding: Basic 40,028 39,105 Diluted 41,646 40,596 Cash dividends declared per common share $0.20 $0.20

    SUPPLEMENTAL FINANCIAL INFORMATION STOCK-BASED COMPENSATION EXPENSE (Unaudited, in thousands) Three Months Ended March 31, ------------------- 2016 2015 ---- ---- Cost of revenue $434 $242 Research and development 3,698 2,620 Selling, general and administrative 4,847 6,357 Total stock-based compensation expense $8,979 $9,219 ====== ======

    RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME (Unaudited, in thousands, except per share amounts) Three Months Ended March 31, 2016 2015 ---- ---- Net income $10,575 $5,963 ======= ====== Net income as a percentage of revenue 12.5% 8.1% Adjustments to reconcile net income to non-GAAP net income: Stock-based compensation expense 8,979 9,219 Amortization of acquisition- related intangible assets 513 367 Deferred compensation plan expense (income) (145) 40 Tax effect (1,176) (673) Non-GAAP net income $18,746 $14,916 ======= ======= Non-GAAP net income as a percentage of revenue 22.2% 20.3% Non-GAAP net income per share: Basic $0.47 $0.38 Diluted $0.45 $0.37 Shares used in the calculation of non-GAAP net income per share: Basic 40,028 39,105 Diluted 41,646 40,596

    RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (Unaudited, in thousands) Three Months Ended March 31, 2016 2015 ---- ---- Gross profit $45,510 $39,683 ======= ======= Gross margin 53.9% 54.0% ==== ==== Adjustments to reconcile gross profit to non-GAAP gross profit: Stock- based compensation expense 434 242 Amortization of acquisition- related intangible assets 513 367 --- --- Non- GAAP gross profit $46,457 $40,292 ======= ======= Non- GAAP gross margin 55.0% 54.8% ==== ==== RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES (Unaudited, in thousands) Three Months Ended March 31, 2016 2015 ---- ---- Total operating expenses $35,134 $33,826 ======= ======= Adjustments to reconcile total operating expenses to non-GAAP total operating expenses: Stock- based compensation expense (8,545) (8,977) Deferred compensation plan expense (157) (166) Non- GAAP operating expenses $26,432 $24,683 ======= ======= RECONCILIATION OF OPERATING INCOME TO NON-GAAP OPERATING INCOME (Unaudited, in thousands) Three Months Ended March 31, 2016 2015 ---- ---- Total operating income $10,376 $5,857 ======= ====== Operating income as a percentage of revenue 12.3% 8.0% Adjustments to reconcile total operating income to non-GAAP total operating income: Stock- based compensation expense 8,979 9,219 Amortization of acquisition- related intangible assets 513 367 Deferred compensation plan expense 157 166 Non- GAAP operating income $20,025 $15,609 ======= ======= Non- GAAP operating income as a percentage of revenue 23.7% 21.2% RECONCILIATION OF OTHER INCOME TO NON-GAAP OTHER INCOME (Unaudited, in thousands) Three Months Ended March 31, 2016 2015 ---- ---- Total interest and other income, net $543 $642 ==== ==== Adjustments to reconcile interest and other income to non-GAAP interest and other income: Deferred compensation plan income (302) (126) Non- GAAP interest and other income, net $241 $516 ==== ====

    2016 SECOND QUARTER OUTLOOK RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (Unaudited) Three Months Ending June 30, 2016 ------------- Low High --- ---- Gross margin 53.6% 54.6% Adjustments to reconcile gross margin to non- GAAP gross margin: Stock-based compensation expense 0.4% 0.4% Amortization of acquisition- related intangible assets 0.6% 0.6% --- --- Non-GAAP gross margin 54.6% 55.6% ==== ==== RECONCILIATION OF R&D AND SG&A EXPENSES TO NON-GAAP R&D AND SG&A EXPENSES (Unaudited, in thousands) Three Months Ending June 30, 2016 ------------- Low High --- ---- R&D and SG&A expense $36,100 $40,100 Adjustments to reconcile R&D and SG&A expense to non-GAAP R&D and SG&A expense: Stock-based compensation expense (10,000) (12,000) Non-GAAP R&D and SG&A expense $26,100 $28,100 ======= =======

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/monolithic-power-systems-announces-results-for-the-first-quarter-ended-march-31-2016-300261055.html

    Monolithic Power Systems, Inc.

    CONTACT: Bernie Blegen, Interim Chief Financial Officer, Monolithic Power
    Systems, Inc., 408-826-0777, investors@monolithicpower.com

    Web site: http://www.monolithicpower.com/




    Ruckus Wireless Reports First Quarter 2016 Revenue of $100.6 million, up 22.5% year-over-year- First quarter non-GAAP operating margin of 12.3%, up 400 basis points year-over-year.- First quarter non-GAAP operating income of $12.4 million, up 82.3% year-over-year.

    SUNNYVALE, Calif., May 2, 2016 /PRNewswire/ -- Ruckus Wireless, Inc. today announced financial results for its first quarter of 2016 ended March 31, 2016.

    http://photos.prnewswire.com/prnvar/20121120/MM17393LOGO

    Financial Summary

    Revenue for the first quarter of 2016 was $100.6 million, an increase of 22.5% from the first quarter of 2015.

    Non-GAAP net income was $12.2 million for the first quarter of 2016, compared with non-GAAP net income of $6.5 million for the first quarter of 2015. Non-GAAP operating income was $12.4 million for the first quarter of 2016, compared with non-GAAP operating income of $6.8 million for the first quarter of 2015.

    GAAP net loss was $0.9 million for the first quarter of 2016, compared with GAAP net loss of $0.6 million for the first quarter of 2015. GAAP operating loss was $1.8 million for the first quarter of 2016, compared with GAAP operating loss of $1.5 million for the first quarter of 2015.

    GAAP diluted net loss per share was $0.01 for the first quarter of 2016, compared with $0.01 for the first quarter of 2015. Non-GAAP diluted net income per share was $0.12 for the first quarter of 2016, compared with $0.07 for the first quarter of 2015.

    "Our first quarter results were strong, with revenue at the high end of our updated guidance. Combining the revenue strength with a continual focus on operational execution, non-GAAP operating margin and non-GAAP earnings exceeded our previously updated guidance," said Selina Lo, president and chief executive officer, Ruckus Wireless. "I remain excited about our pending acquisition by Brocade, which will enable us to jointly deliver innovative, value-added solutions to our enterprise and service provider customers."

    Business Highlights

    --  Announced that Brocade entered into a definitive agreement to acquire
    Ruckus Wireless, Inc. to create a company that addresses critical
    networking requirements from the data center to the wireless network
    edge.
    --  Announced OpenG(TM) technology to address the challenge of in-building
    cellular coverage and capacity. OpenG technology combines coordinated
    shared spectrum, such as 3.5 GHz in the U.S., with neutral host-capable
    small cells to enable cost-effective, ubiquitous in-building LTE
    coverage.
    --  Selected by the City of Gandhinagar in Western India for India's first
    smart city deployment to provide high-speed Wi-Fi network across 30
    sectors of the city to support mobile applications services,
    closed-circuit TV surveillance systems, smart street lighting, IP-based
    public address systems, and digital signage with environmental sensors
    throughout the city.
    --  Installed 802.11ac access points and virtual Smart Zone at Wifirst, an
    Internet Service Provider who is the leader in offering Wi-Fi services
    in student housing in France, and has now expanded to address
    enterprise, data center, and retail customers. Ruckus competed against
    our largest stand-alone competitor to win this business, and was
    selected due to performance, scalability and complete range of solution
    and high density Wi-Fi products.
    --  11ac access points in aggregate accounted for 78% of access point
    product sales in the first quarter of 2016. Wave 2 comprised 11% of
    access point product sales in the first quarter.
    --  The company reported 22.5% year-over-year revenue growth for the
    quarter; Americas revenue grew 27.5%, EMEA revenue grew 33.6% and APAC
    revenue decreased by 0.5% as compared to the first quarter of 2015.
    

    Conference Call Information

    In light of the pending acquisition by Brocade Communications Systems, Inc., Ruckus Wireless will not hold a conference call to discuss its financial results.

    Guidance

    Due to the pending acquisition by Brocade Communications Systems, Inc., Ruckus Wireless will not be providing earnings guidance for Q2'16.

    Additional Information and Where to Find It

    The exchange offer referenced in this communication has commenced. This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares, nor is it a substitute for any offer materials that Brocade Communications Systems, Inc. ("Brocade") and its acquisition subsidiary filed with the U.S. Securities and Exchange Commission ("SEC"). Brocade and its acquisition subsidiary have filed a tender offer statement on Schedule TO and may later file amendments thereto, Brocade has filed a registration statement on Form S-4 and may later file amendments thereto, and Ruckus Wireless, Inc. ("Ruckus") has filed a Solicitation/Recommendation Statement on Schedule 14D-9 and may later file amendments thereto, in each case, with the SEC with respect to the exchange offer. Brocade and Ruckus may also file other documents with the SEC regarding the transaction. THE EXCHANGE OFFER MATERIALS (INCLUDING AN OFFER TO EXCHANGE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER EXCHANGE OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT CONTAIN IMPORTANT INFORMATION. RUCKUS STOCKHOLDERS ARE URGED TO READ THESE DOCUMENTS CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF RUCKUS SECURITIES SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING EXCHANGING THEIR SECURITIES. The Offer to Exchange, the related Letter of Transmittal and certain other exchange offer documents, as well as the Solicitation/Recommendation Statement, are available to all holders of Ruckus stock at no expense to them. The exchange offer materials and the Solicitation/Recommendation Statement are available for free at the SEC's website at www.sec.gov. Additional copies may be obtained for free by contacting Brocade's Investor Relations department at (408) 333-0233 or at IR@Brocade.com. Additional copies of the Solicitation/Recommendation Statement may be obtained for free by contacting Ruckus' Investor Relations department at 408-469-4659 or at ir@ruckuswireless.com.

    In addition to the Offer to Exchange, the related Letter of Transmittal and certain other exchange offer documents, as well as the Solicitation/Recommendation Statement, Brocade and Ruckus file annual, quarterly and current reports and other information with the SEC. You may read and copy any reports or other information filed by Brocade and Ruckus at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. Brocade's and Ruckus' filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at http://www.sec.gov.

    Non-GAAP Financial Measures

    To supplement our financial results presented in accordance with Generally Accepted Accounting Principles ("GAAP"), this press release and the accompanying tables contain certain non-GAAP financial measures, including non-GAAP gross profit and gross margin, non-GAAP operating income and operating margin, non-GAAP net income, non-GAAP dilutive net income per share and non-GAAP weighted-average diluted shares. We believe these non-GAAP financial measures are helpful in understanding our past financial performance and future results. Our non-GAAP financial measures should not be considered in isolation or as a substitute for comparable GAAP measures and should be read in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management regularly uses our supplemental non-GAAP financial measures internally to understand and manage our business and forecast future periods. These non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similar measures presented by other companies.

    Our non-GAAP financial measures include adjustments based on the following items:

    Stock-based compensation expense: We have excluded the effect of stock-based compensation expense. Although stock-based compensation is a key incentive offered to our employees, we continue to evaluate our business performance excluding stock-based compensation expense. Stock-based compensation will recur in future periods.

    Employer payroll tax expense associated with stock-based compensation: We have excluded the employer payroll tax expense associated with stock option exercises and restricted stock releases, in order to provide a complete picture of the Company's recurring core business operating results. Stock-based compensation will continue to be used as a method to compensate certain employees for the foreseeable future.

    Amortization of intangible assets: We have excluded the effect of amortization of intangible assets. Amortization of intangible assets is a non-cash expense and it is not part of our core operations. Investors should note that the use of intangible assets contributed to revenue earned during the periods presented and will contribute to future period revenue as well.

    Workforce reorganization expense: We have excluded costs related to a workforce reorganization plan, including costs related to involuntary employee termination and contract termination.

    Post-acquisition expenses: We have excluded costs in connection with our recent acquisition of Cloudpath Networks, Inc. ("Cloudpath"), which we would not have otherwise incurred as part of our continuing operations. Post-acquisition expenses consist primarily of incentives provided to retain former Cloudpath employees who became employees of Ruckus.

    Pre-merger legal and accounting expenses: We have excluded costs incurred in connection with the planned merger with Brocade Communications System, Inc. ("Brocade"), which we would not have otherwise incurred as part of our continuing operations.

    Non-cash income tax benefit: We have excluded non-cash income taxes, as the Company does not expect to pay any material federal or state income taxes in 2016.

    Our non-GAAP financial measures are described as follows:

    Non-GAAP gross profit and gross margin. Non-GAAP gross profit is gross profit as reported on our condensed consolidated statements of operations, excluding the impact of stock-based compensation expense, employer payroll tax expense associated with stock-based compensation, amortization of intangible assets and post-acquisition expenses. Non-GAAP gross margin is non-GAAP gross profit divided by revenue.

    Non-GAAP operating income and operating margin. Non-GAAP operating income is loss from operations as reported on our condensed consolidated statements of operations, excluding the impact of stock-based compensation expense, employer payroll tax expense associated with stock-based compensation, amortization of intangible assets, workforce reorganization expense, post-acquisition expenses and pre-merger legal and accounting expenses. Non-GAAP operating margin is non-GAAP operating income divided by revenue.

    Non-GAAP net income and diluted net income per share. Non-GAAP net income is net loss as reported on our condensed consolidated statements of operations, excluding the impact of stock-based compensation expense, employer payroll tax expense associated with stock-based compensation, amortization of intangible assets, workforce reorganization expense, post-acquisition expenses, pre-merger legal and accounting expenses and non-cash income tax benefit. Non-GAAP diluted net income per share is non-GAAP net income divided by non-GAAP weighted-average diluted shares.

    For reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section of the accompanying tables titled, "Reconciliation of GAAP to Non-GAAP Financial Measures."

    ABOUT RUCKUS WIRELESS

    Headquartered in Sunnyvale, CA, Ruckus Wireless, Inc. is a global supplier of advanced wireless systems for the rapidly expanding mobile Internet infrastructure market. The company offers a wide range of indoor and outdoor "Smart Wi-Fi" products to mobile carriers, broadband service providers, and corporate enterprises, and has approximately 70,000 end-customers worldwide. Ruckus technology addresses Wi-Fi capacity and coverage challenges caused by the ever-increasing amount of traffic on wireless networks due to accelerated adoption of mobile devices such as smartphones and tablets. Ruckus invented and has patented state-of-the-art wireless voice, video, and data technology innovations, such as adaptive antenna arrays that extend signal range, increase client data rates, and avoid interference, providing consistent and reliable distribution of delay-sensitive multimedia content and services over standard 802.11 Wi-Fi.

    For more information, visit http://www.ruckuswireless.com. Ruckus, Ruckus Wireless and SmartCell are trademarks of Ruckus Wireless, Inc. in the United States and other countries.

    Investor Relations Contact
    Kim Watkins, CFA
    Ruckus Wireless
    kim.watkins@ruckuswireless.com
    408-469-4659

    Media & Analyst Relations Contact
    Laurie Falconer
    Ruckus Wireless
    laurie.falconer@ruckuswireless.com
    408-636-1223

    RUCKUS WIRELESS, INC. Condensed Consolidated Statements of Operations (unaudited, in thousands, except per share amounts) Three Months Ended March 31, --------- 2016 2015 ---- ---- Revenue: Product $91,285 $75,297 Service 9,288 6,781 Total revenue 100,573 82,078 ------- ------ Cost of revenue: Product 28,188 23,231 Service 3,973 3,542 Total cost of revenue 32,161 26,773 ------ ------ Gross profit 68,412 55,305 Operating expenses: Research and development 26,235 21,296 Sales and marketing 30,140 26,078 General and administrative 13,807 9,434 Total operating expenses 70,182 56,808 ------ ------ Operating loss (1,770) (1,503) Interest income 312 141 Other expense, net - (78) --- --- Loss before income taxes (1,458) (1,440) Income tax benefit (533) (867) Net loss $(925) $(573) ===== ===== Net loss per share, basic and diluted: $(0.01) $(0.01) ====== ====== Weighted average shares used in computing net loss per share, basic and diluted: 89,741 85,637 ====== ======

    RUCKUS WIRELESS, INC. Reconciliation of GAAP to Non-GAAP Financial Measures (unaudited, in thousands, except percentages and per share amounts) Three Months Ended March 31, --------- 2016 2015 ---- ---- Gross Profit Reconciliation: ---------------------------- GAAP gross profit: $68,412 $55,305 Stock- based compensation 325 316 Employer payroll tax associated with stock- based compensation 3 11 Amortization of intangible assets 820 705 Post- acquisition expenses 16 - Non- GAAP gross profit: $69,576 $56,337 ------- ------- Gross Margin Reconciliation: ---------------------------- GAAP gross margin: 68.0% 67.4% Stock- based compensation 0.4% 0.4% Employer payroll tax associated with stock- based compensation -% -% Amortization of intangible assets 0.8% 0.8% Post- acquisition expenses -% -% Non- GAAP gross margin: 69.2% 68.6% ---- ---- Operating Income Reconciliation: -------------------------------- GAAP operating loss: $(1,770) $(1,503) Stock- based compensation 8,085 7,322 Employer payroll tax associated with stock- based compensation 126 267 Amortization of intangible assets 918 705 Workforce reorganization expense 21 - Post- acquisition expenses 1,366 - Pre- merger legal and accounting expenses 3,635 Non- GAAP operating income: $12,381 $6,791 ------- ------ Operating Margin Reconciliation: -------------------------------- GAAP operating margin: (1.8)% (1.8)% Stock- based compensation 8.0% 8.9% Employer payroll tax associated with stock- based compensation 0.1% 0.3% Amortization of intangible assets 1.0% 0.9% Workforce reorganization expense -% -% Post- acquisition expenses 1.4% -% Pre- merger legal and accounting expenses 3.6% -% Non- GAAP operating margin: 12.3% 8.3% ---- --- Net Income Reconciliation: -------------------------- GAAP net loss: $(925) $(573) Stock- based compensation 8,085 7,322 Employer payroll tax associated with stock- based compensation 126 267 Amortization of intangible assets 918 705 Workforce reorganization expense 21 - Post- acquisition expense 1,366 - Pre- merger legal and accounting expenses 3,635 - Non- cash income tax benefit (1,043) (1,213) Non- GAAP net income: $12,183 $6,508 ------- ------ Non- GAAP diluted net income per share: $0.12 $0.07 Shares used in computing non-GAAP diluted Net Income per share Reconciliation: --------------------------------- Weighted- average share shares outstanding used in calculating GAAP diluted net loss per 89,741 85,637 Additional dilutive securities for non- GAAP income 10,678 12,121 Weighted- average per shares share outstanding used in calculating non- GAAP diluted net income 100,419 97,758 ------- ------

    RUCKUS WIRELESS, INC. Condensed Consolidated Balance Sheets (unaudited, in thousands, except par value) March 31, December 31, --------- ------------ 2016 2015 ---- ---- ASSETS Current assets: Cash and cash equivalents $59,714 $69,687 Short-term investments 166,934 160,791 Accounts receivable, net of allowance for doubtful accounts of $800 as of March 31, 2016 and December 31, 2015 80,256 70,649 Inventories 25,711 26,591 Deferred costs 1,951 3,669 Restricted cash 5,000 5,000 Prepaid expenses and other current assets 7,234 6,168 ----- ----- Total current assets 346,800 342,555 Property and equipment, net 18,666 19,411 Goodwill 16,390 16,390 Intangible assets, net 7,707 8,625 Non-current deferred tax asset 31,883 30,217 Other assets 1,767 1,623 Total assets $423,213 $418,821 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $23,074 $30,360 Accrued liabilities 11,209 7,748 Accrued compensation 17,100 14,902 Deferred revenue 32,086 36,602 ------ ------ Total current liabilities 83,469 89,612 Non-current deferred revenue 14,957 14,524 Other non-current liabilities 3,274 3,152 ----- ----- Total liabilities 101,700 107,288 Stockholders' equity: Common stock, $0.001 par value; 250,000 shares authorized as of March 31, 2016 and December 31, 2015; 90,063 and 89,345 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively 90 89 Additional paid-in capital 331,145 320,561 Accumulated other comprehensive income (loss) 128 (192) Accumulated deficit (9,850) (8,925) Total stockholders' equity 321,513 311,533 ------- ------- Total liabilities and stockholders' equity $423,213 $418,821 ======== ======== RUCKUS WIRELESS, INC. Summary of Cash Flows (unaudited, in thousands) Three Months Ended March 31, --------- 2016 2015 ---- ---- Net cash used in operating activities $(2,899) $(5,312) Net cash used in investing activities (9,574) (8,531) Net cash provided by financing activities 2,500 4,027 Net decrease in cash and cash equivalents $(9,973) $(9,816) ======= =======

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ruckus-wireless-reports-first-quarter-2016-revenue-of-1006-million-up-225-year-over-year-300261064.html

    Photo: http://photos.prnewswire.com/prnh/20121120/MM17393LOGO Ruckus Wireless, Inc.

    Web site: http://www.ruckuswireless.com/




    Workiva Honored for Innovation with Silver and Bronze Stevie(R) Awards in 2016 American Business Awards(SM)

    AMES, Iowa, May 2, 2016 /PRNewswire/ -- Workiva , creator of the Wdesk cloud-based productivity platform for enterprises, today won a Silver Stevie((R)) Award for Most Innovative Technology Company of the Year and won a Bronze Stevie((R)) Award for Most Innovative Company of the Year. Both categories were for companies with fewer than 2,500 employees in the 14(th) Annual American Business Awards.

    http://photos.prnewswire.com/prnvar/20150213/175372LOGO

    "We are honored to be recognized for our innovation by The American Business Awards," said Matt Rizai, Chairman and CEO of Workiva. "Wdesk is a next-generation platform for data consistency and control that improves productivity, transparency and accountability in business processes."

    The American Business Awards are the nation's premier business awards program. All organizations operating in the U.S. are eligible to submit nominations - public and private, for-profit and non-profit, large and small. More than 3,400 nominations from organizations of all sizes and industries were submitted this year for consideration in a wide range of categories.

    More than 250 professionals worldwide participated in the judging process to select this year's Stevie Award winners.

    "The judges were extremely impressed with the quality of entries we received this year. The competition was intense and every organization that has won should be proud," said Michael Gallagher, president and founder of the Stevie Awards.

    Nicknamed the Stevies for the Greek word meaning "crowned," the awards will be presented to winners at a gala ceremony at the Marriott Marquis Hotel in New York on Monday, June 20. Details about The American Business Awards and the list of 2016 Stevie winners are available at www.StevieAwards.com/ABA.

    About the Stevie Awards
    Stevie Awards are conferred in seven programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 10,000 entries each year from organizations in more than 60 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

    About Workiva
    Workiva created Wdesk, a cloud-based productivity platform for enterprises to collect, link, report and analyze business data with control and accountability. Thousands of organizations, including over 65 percent of the FORTUNE 500((R)), use Wdesk. The platform's proprietary word processing, spreadsheet and presentation applications are integrated and built upon a data management engine, offering synchronized data, controlled collaboration, granular permissions and a full audit trail. Wdesk helps mitigate enterprise risk, improve productivity and give users confidence to make decisions with real-time data. Workiva employs more than 1,200 people with offices in 16 cities. The company is headquartered in Ames, Iowa. For more information, visit workiva.com.

    Claim not confirmed by FORTUNE or Time Inc. FORTUNE 500 is a registered trademark of Time Inc. and is used under license. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of, Workiva Inc.

    Contact:
    Kevin McCarthy
    Workiva Inc.
    (515) 663-4471
    press@workiva.com

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/workiva-honored-for-innovation-with-silver-and-bronze-stevie-awards-in-2016-american-business-awardssm-300260987.html

    Photo: http://photos.prnewswire.com/prnh/20150213/175372LOGO Workiva Inc.

    Web site: http://www.workiva.com./




    The Bump App Provides Millennial Parents and Parents-to-Be with Personalized Content and Features to Make Real Time Parenting DecisionsUpdated App Offers On-the-Go Parents and Expecting Parents with an All-in-One Baby Resource; Expert Answers, Plus An Industry-First, Single-List Baby Registry

    NEW YORK, May 2, 2016 /PRNewswire/ -- The Bump, the definitive voice for millennial parents, today announced an update and rebranding of The Bump Daily Pregnancy and Baby app for iPhone, now available for free on the App Store. With 93% of mom traffic on the internet coming from mobile*, millennials are looking for mobile solutions and reassurance when it comes to pregnancy and parenting. Redesigned to meet the needs of today's mobile millennial parents, The Bump app provides real answers in a real voice that's completely personalized to their journey, plus features a one-stop shopping guide for parents as they decide what products are best to ensure the health and wellbeing of their baby.

    https://photos.prnewswire.com/prnvar/20160502/362397

    The Bump Daily Pregnancy and Baby app provides much-needed and sought-after mobile solutions for millennials who are expecting their first baby to new parents with a toddler-aged child. Made for mobile, The Bump is the only pregnancy and parenting brand that has built its platform and products to be where on-the-go parents are the most - their phones. Features of The Bump Daily Pregnancy and Baby app include:

    --  Personalized Content & Modern Design: The Bump Daily Pregnancy and Baby
    app includes a sophisticated yet simple brand design and a new daily
    feed of pregnancy and parenting content personalized to the age and
    stage of baby. If a woman is 12 weeks pregnant, content specific to how
    the baby is developing that week will be in the personalized feed;
    likewise if a parent has an eight-month-old, he or she will receive
    relevant information for their growing baby. If a user is a parent of
    more than one child, he or she will receive content personalized to both
    children's ages. Parents can tap into the app each week for a modern
    take on the beloved "How Big is Baby" series, which compares the growing
    baby inside moms' bump to the sizes of popular fruits and vegetables
    like cherry, mango and cantaloupe and more. Complete with a fresh, real
    voice that gives users all the expert information needed to navigate
    pregnancy and parenthood, parents can feel reassured that they're
    receiving the most relevant and personalized information and tools in
    the palms of their hands.
    
    --  Registry: The Bump is the only pregnancy and parenting brand to utilize
    its own single-list technology to aggregate and sync all of parents'
    baby registries from multiple retailers into one list to easily create
    and manage their registries--and for loved ones to effortlessly purchase
    gifts, all in one place. With 80 percent of all baby registries in the
    U.S. being hosted on The Bump, the brand created an industry-first
    Registry Platform and Product Catalog. The Product Catalog features more
    than 15,000 of the best-selling baby products across 60 categories from
    top baby retailers, making it the only all-in-one registry solution for
    parents as they research and register. This central hub, available in
    The Bump app, also features product reviews on each of the 15,000
    products with the option to add the product to an existing registry or
    start one right on the platform.
    
    --  Real Answers: The only editor and expert-led questions and answer
    platform dedicated to pregnancy, baby, body and life as a new parent,
    Real Answers on The Bump provides reassurance to parents whenever and
    wherever they need it most. This interactive question and answer
    platform allows parents to ask any question and receive answers directly
    from editors, medical experts and other parents all in one platform.
    Real Answers experts include: Maven, the first digital clinic for women;
    One Medical, the fastest-growing primary care system; Joy Cho, founder
    of Oh Joy!; Jessica Shortall, author and parenting advocate; Jennifer
    Trachtenberg, MD, cofounder, The Baby Bundle App, pediatrician, mother
    and author; Lori Bregman, doula and pregnancy coach; Reproductive
    Medicine Associates of New York, one of the top fertility clinics in the
    U.S., and more.
    

    "We're thrilled to provide the best mobile app--the only one parents will need--to empower them to make the most informed decisions during their pregnancy and after baby has arrived," said Julia Wang, Head of Digital Content, The Bump. "The Bump is a leader in content and tools for expectant and first-time parents, and now with the launch of Real Answers and The Bump Registry and Product Catalog, the brand is a one-stop destination to answer every question and meet their product research needs."

    Read more information and download The Bump Daily Pregnancy and Baby app here.

    *Source: comScore

    About The Bump

    The Bump is the definitive voice for millennial parents and parents-to-be, providing a mobile-first experience, real-time expert advice, diverse lifestyle content and time-saving tools for parents on-the-go. As the go-to destination for first-time parents, The Bump utilizes its single-list technology to aggregate and sync baby registries from multiple retailers onto one, easy to use list for parents who are managing their registries and those buying for baby. The Bump is part of XO Group Inc. , the premier consumer Internet and media company devoted to weddings, pregnancy and everything in between. Follow The Bump on social media @TheBump.

    Forward-Looking Statements

    This release may contain projections or other forward-looking statements regarding future events or our future financial performance. These statements are only predictions and reflect our current beliefs and expectations. Actual events or results may differ materially from those contained in the projections or forward-looking statements. It is routine for internal projections and expectations to change, and therefore it should be clearly understood that the internal projections and beliefs upon which we base our expectations may change. Although these expectations may change, we will not necessarily inform you if they do or update this release. Please refer to documents we file from time to time with the Securities and Exchange Commission for a discussion of the risks and other factors that could cause actual results to differ materially from the forward-looking statements contained herein. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

    http://photos.prnewswire.com/prnvar/20150225/177804LOGO

    Photo - http://photos.prnewswire.com/prnh/20160502/362397

    Logo - http://photos.prnewswire.com/prnh/20150225/177804LOGO

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-bump-app-provides-millennial-parents-and-parents-to-be-with-personalized-content-and-features-to-make-real-time-parenting-decisions-300260957.html

    Photo: https://photos.prnewswire.com/prnh/20160502/362397
    http://photos.prnewswire.com/prnh/20150225/177804LOGO The Bump

    CONTACT: Lauren Nolan, Manager, Public Relations, XO Group Inc., (212)
    515-3595, lnolan@xogrp.com; Melissa Bach, Director, Public Relations, XO
    Group Inc., (212) 515-3594, mbach@xogrp.com; Jennifer Perciballi, Vice
    President, Corporate Communications, XO Group Inc., (212) 515-1595,
    jperciballi@xogrp.com




    Micro Focus Completes Acquisition of Serena Software, Inc.Application Lifecycle Management Acquisition Boosts Micro Focus's DevOps Capability

    ROCKVILLE, Md., May 2, 2016 /PRNewswire/ -- Micro Focus today announced the completion of its acquisition of Serena Software, a leading provider of Application Lifecycle Management (ALM) software, under the terms of the definitive agreement disclosed on March 22, 2016.

    https://photos.prnewswire.com/prnvar/20150819/259795LOGO

    "Our customers continue to look at DevOps as a way to deploy critical applications and services quickly and with greater reliability to meet business demands," said Stephen Murdoch, CEO, Micro Focus. "The Serena acquisition extends our ability to help customers meet these challenges so they can drive greater innovation faster with lower risk."

    According to industry analyst firm Gartner, "DevOps implementations utilize technology, especially automation tools, that can leverage an increasingly programmable and dynamic infrastructure from a life cycle perspective."(1) The experience and expertise which the Serena business brings will enable Micro Focus to help its customers develop and release applications and services faster, with greater speed and accuracy.

    Serena adds capabilities in software application development; software configuration and change management; and business process management to Micro Focus's portfolio of ALM solutions spanning mainframe environments, distributed systems and cloud. The combination of Micro Focus and Serena allows companies to better:

    --  Design and build business applications and services with greater
    accuracy, reliability and predictability;
    --  Continuously deploy existing core business applications on a wider
    variety of platforms to meet changing business needs; and
    --  Improve the speed and efficiency of new business services through
    automated release and deployment solutions.
    

    About Serena Software
    Serena is among the largest Application Lifecycle Management vendors with more than 2,500 enterprise customers. Serena helps the highly regulated large enterprise move fast without breaking things - increasing velocity of the software development lifecycle while enhancing security, compliance, and performance. More information is available at www.serena.com.

    About Micro Focus
    Micro Focus is a global enterprise software company helping customers innovate faster with lower risk. Our software helps customers build, operate and secure IT systems that bring together existing business logic and applications with emerging technologies to meet increasingly complex business demands. For more information, visit: www.microfocus.com.

    (1) I&O Must Combine ITIL and DevOps to Deliver Business Value for Bimodal IT," by George Spafford and Ian Head, March 18, 2016.

    Logo - http://photos.prnewswire.com/prnh/20150819/259795LOGO

    Media Contact:
    Anne Trapasso, Voce Communications
    atrapasso@vocecomm.com
    (585) 813-6111

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/micro-focus-completes-acquisition-of-serena-software-inc-300260954.html

    Photo: https://photos.prnewswire.com/prnh/20150819/259795LOGO Micro Focus

    Web site: http://www.microfocus.com/




    Vonage Chief Executive Officer to Present at Upcoming Investor Conferences

    HOLMDEL, N.J., May 2, 2016 /PRNewswire/ -- Vonage Holdings Corp. today announced that its Chief Executive Officer, Alan Masarek, is scheduled to present at the following investor conferences:

    Jefferies 2016 Technology Conference
    Wednesday, May 11, 2016 at 11:30 a.m. ET
    Miami, Florida

    Needham Emerging Technology Conference
    Wednesday, May 18, 2016 at 1:40 p.m. ET
    New York, New York.

    J.P. Morgan 44th Annual Technology, Media and Telecom Conference
    Tuesday, May 24, 2016 at 11:20 a.m. ET
    Boston, Massachusetts

    A live webcast of each event will be available live on Vonage's Investor Relations website at http://ir.vonage.com. A replay will be available shortly after the live webcast.

    About Vonage

    Vonage is a leading provider of cloud communications services for businesses and consumers. The Company provides a robust suite of feature-rich business and residential communication solutions that offer flexibility, portability and ease-of-use across multiple devices designed to meet the needs of a wide range of customers. Vonage's portfolio of business products covers the full spectrum of business communications needs, serving single-person companies to those with thousands of employees spread over multiple locations. Vonage provides bring-your-own-broadband (BYOB) cloud products and those that offer carrier-grade reliability and Quality of Service (QoS) across BYOB options and the Company's private, national MPLS IP network, as well as integration with industry-leading CRM and business workflow applications. In 2015, the Company was named a Visionary in the Gartner Magic Quadrant for Unified Communications as-a-Service, Worldwide and also earned the Frost & Sullivan Growth Excellence Leadership Award for Hosted IP and Unified Communications and Collaboration (UCC) Services. For more information, visit www.vonage.com.

    Vonage Holdings Corp. is headquartered in Holmdel, New Jersey. Vonage(R) is a registered trademark of Vonage America Inc.

    To follow Vonage on Twitter, please visit www.twitter.com/vonage. To become a fan on Facebook, go to www.facebook.com/vonage. To subscribe on YouTube, visit www.youtube.com/vonage.

    (vg-f)

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vonage-chief-executive-officer-to-present-at-upcoming-investor-conferences-300261001.html

    Vonage Holdings Corp.

    CONTACT: Investor Contact: Hunter Blankenbaker 732.444.4926;
    hunter.blankenbaker@vonage.com, or Media Contact: Jo Ann Tizzano
    732.365.1363; joann.tizzano@vonage.com

    Web site: http://www.vonage.com/




    Chegg Reports First Quarter 2016 ResultsStrong Chegg Services Revenue Growth Driven by 37% Increase in SubscribersStrategic Acquisition of a Leading Online Writing Tools Company is Accretive in Fiscal 2016

    SANTA CLARA, Calif., May 2, 2016 /PRNewswire/ -- Chegg, Inc. , the Student Hub, today reported financial results for the three months ended March 31, 2016.

    http://photos.prnewswire.com/prnvar/20140116/NY47534LOGO

    "Chegg is off to a great start in 2016 as we saw strong momentum across our businesses, highlighted by 37% subscriber growth in Chegg Services," said Dan Rosensweig, Chairman and CEO of Chegg. "We are also excited to announce the strategic acquisition of Imagine Easy Solutions, a leading provider of online writing tools. With this acquisition, Chegg now has the ability to help students address one of their biggest academic pain points, writing. This issue is underscored by the fact that nearly 25% of incoming freshmen who are required to take remedial writing courses."

    An updated investor presentation and an investor data sheet can be found on Chegg's Investor Relations website http://investor.chegg.com.

    Q1 2016 Financial Highlights:

    --  GAAP Revenue of $66.7 million, a decrease of 21% compared to Q1 2015;
    --  Pro forma Revenue of $46.8 million, an increase of 2% year-over-year;
    --  Chegg Services Revenue grew 14% year-over-year to $25.6 million, or 38%
    of total revenues compared to 26% in Q1 2015;
    --  Required Materials Revenue of $41.1 million compared to $62.4 million in
    Q1 2015;
    --  GAAP Gross Profit was $27.7 million;
    --  Non-GAAP Gross Profit was $27.8 million;
    --  Adjusted EBITDA was $(0.5) million;
    --  GAAP Net Loss was $15.7 million; and
    --  Non-GAAP Net Loss was $2.8 million.
    

    Pro forma revenue and the related year-over-year percentage increase presents revenue as if the transition of textbook inventory investment and textbook logistics and fulfillment functions for Chegg's print textbook business to Ingram Content Group (Ingram) was complete and the revenue from print textbook business was entirely commission-based. For more information about pro forma revenue and a reconciliation of pro forma revenue to revenue, see the sections of the press release titled "Use of Non-GAAP Measures" and "Reconciliation of GAAP to Non-GAAP Financial Measures".

    Q1 2016 Business Highlights:

    --  750,000: number of Chegg Services subscribers in Q1;
    --  79%: renewal rate for Chegg Study subscribers in the quarter;
    --  3 million: questions viewed in Chegg Study in Q1;
    --  258,000: new students registrations on Internships.com; and
    --  $21 million: remaining Chegg textbook inventory.
    

    Business Outlook:

    Our outlook for the second quarter of and fiscal year 2016 is comprised of two revenue streams: Required Materials revenue which includes print textbooks, eTextbooks, and Ingram commission revenue; and Chegg Services revenue, which includes Chegg Study, Chegg Tutors, Enrollment Marketing, Brand Partnerships and Careers.

    Second Quarter 2016

    --  Revenue in the range of $48 million and $52 million;
    --  Pro Forma Revenue in the range of $36 million and $40 million;
    --  Chegg Services Revenue in the range of $28 million and $30 million;
    --  Gross Margin between 56%; and 58%; and
    --  Adjusted EBITDA in the range of $5 million and $7 million.
    

    Adjusted EBITDA guidance for the second quarter includes approximately $2.8 million for textbook depreciation and excludes approximately $10.5 million for stock-based compensation expense, $0.6 million for amortization of intangible assets; and $1.0 million for acquisition-related costs. It does not include an amortization for intangible assets of Imagine Easy Solutions as the amount of any such amortization cannot be appropriately estimated at this time. It assumes, among other things, that no additional business acquisitions, investments, restructuring actions, or legal settlements are concluded and that there are no further revisions to stock-based compensation estimates.

    Fiscal Year 2016

    --  Revenue in the range of $239 million and $257 million;
    --  Pro Forma Revenue in the range of $179 million and $192 million;
    --  Chegg Services Revenue in the range of $124 million and $132 million;
    --  Gross Margin between 48% and 50%; and
    --  Adjusted EBITDA in the range of $13 million and $22 million.
    

    Fiscal 2016 guidance includes approximately $7 million in revenue and $2 million in Adjusted EBITDA from the Imagine Easy acquisition.

    Adjusted EBITDA guidance for fiscal 2016 includes approximately $10.5 million for textbook depreciation and excludes approximately $44 million for stock-based compensation expense; $2.2 million for amortization of intangible assets; credit of $44,000 for restructuring charges; and $5.0 million for acquisition-related costs. It does not include an amortization for intangible assets of Imagine Easy Solutions as the amount of any such amortization cannot be appropriately estimated at this time. It assumes, among other things, that no additional business acquisitions, investments, restructuring actions, or legal settlements are concluded and that there are no further revisions to stock-based compensation estimates.

    Conference Call and Webcast Information

    To access the call, please dial (877) 407-4018, or outside the U.S. +1 (201) 689-8471, five minutes prior to 1:30 p.m. Pacific Daylight Time (or 4:30 p.m. Eastern Daylight Time) on May 2, 2016. A live webcast of the call will also be available at http://investor.chegg.com under the Events & Presentations menu. An audio replay will be available beginning at 8:00 p.m. Eastern Daylight Time May 2, 2016, until 11:59 p.m. Eastern Daylight Time May 9, 2016, by calling (877) 870-5176 or +1 (858) 384-5517, with Conference ID 13634835. An audio archive of the call will also be available at http://investor.chegg.com.

    Use of Investor Relations Website for Regulation FD Purposes

    Chegg also uses its media center website, http://www.chegg.com/mediacenter, as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor http://www.chegg.com/mediacenter, in addition to following press releases, Securities Exchange Commission filings and public conference calls and webcasts.

    About Chegg

    Chegg puts students first. As the leading student-first connected learning platform, the company makes higher education more affordable, more accessible, and more successful for students. Chegg is a publicly-held company based in Santa Clara, California and trades on the NYSE under the symbol CHGG. For more information, visit www.chegg.com.

    Use of Non-GAAP Measures

    To supplement Chegg's financial results presented in accordance with U.S. generally accepted accounting principles (GAAP), this press release and the accompanying tables and the related earnings conference call contain non-GAAP financial measures, including pro forma revenue, adjusted EBITDA, non-GAAP gross profit and margin, non-GAAP operating expenses, non-GAAP net loss and non-GAAP net loss per share. For reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section of the accompanying tables titled, "Reconciliation of GAAP to Non-GAAP Financial Measures" and "Reconciliation of GAAP Net Loss to EBITDA and Adjusted EBITDA."

    The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP, and may be different from non-GAAP financial measures used by other companies. Chegg defines (1) Non-GAAP total pro forma net revenue as revenue as if it had already transitioned to a fully commission-based revenue model with Ingram for its print textbook business, (2) adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, or EBITDA, adjusted for textbook depreciation and to exclude stock-based compensation expense, acquisition-related compensation costs, restructuring charges, transitional logistic charges and other income, net, (3) non-GAAP gross profit as gross profit excluding share-based compensation and transitional logistic charges, (4) non-GAAP gross margin is non-GAAP gross profit divided by GAAP total net revenue, (5) non-GAAP net loss as GAAP net loss excluding share-based compensation expense, amortization of intangible assets, acquisition related compensation costs, restructuring (credits) charges and transitional logistic charges and (6) non-GAAP net loss per share is defined as non-GAAP net loss divided by GAAP weighted-average shares outstanding. To the extent additional significant non-recurring items arise in the future, Chegg may consider whether to exclude such items in calculating the non-GAAP financial measures it uses.

    Chegg believes that these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental information regarding Chegg's performance by excluding items that may not be indicative of Chegg's core business, operating results or future outlook. Chegg management uses these non-GAAP financial measures in assessing Chegg's operating results, as well as when planning, forecasting and analyzing future periods and believes that such measures enhance investors' overall understanding of our current financial performance. These non-GAAP financial measures also facilitate comparisons of Chegg's performance to prior periods.

    As presented in the "Reconciliation of GAAP Net Loss to EBITDA and Adjusted EBITDA" and "Reconciliation of GAAP to Non-GAAP Financial Measures" tables below, each of the non-GAAP financial measures excludes one or more of the following items:

    --  Pro forma revenue adjustments.
    

    Chegg is in the process of transitioning ownership of the print textbook library and print textbook logistics and fulfillment functions for its required materials business to Ingram. Upon completion of that transition, all revenue from its print textbook business will be digital revenue representing an approximately 20% commission from each such transaction. During the transition, Chegg reports print textbook revenue for orders that are fulfilled with textbooks owned by Chegg and commission-based revenue for orders that are fulfilled with textbooks owned by Ingram. Chegg expects the transition to a fully commission-based model with Ingram to be complete in 2017. The pro forma revenue adjustments present revenue "as if" Ingram already owned all textbooks and managed all logistics and order fulfillment. Management believes that presenting revenue as if Chegg had already fully transitioned to the commission-based model with Ingram provides investors with a better understanding of Chegg's results of operations in light of the ongoing changes to its business model by facilitating period over period revenue comparisons during the transition period. The adjustments to GAAP revenue provided below reflect a number of estimates, assumptions and other uncertainties, and are approximate in nature.

    --  Share-based compensation expense.
    

    Share-based compensation is a non-cash expense that varies in amount from period to period and is dependent on market forces that are often beyond Chegg's control. As a result, management excludes this item from Chegg's internal operating forecasts and models. Management believes that non-GAAP measures adjusted for share-based compensation provide investors with a basis to measure Chegg's core performance against the performance of other companies without the variability created by share-based compensation as a result of the variety of equity awards used by other companies and the varying methodologies and assumptions used.

    --  Restructuring charges.
    

    Restructuring charges primarily relate to expenses incurred in making infrastructure-related changes as a result of transitioning Chegg's fulfillment obligations for the print textbook business to Ingram, as well as expenses related to the exit of Chegg's print coupon business. These restructuring charges are excluded from non-GAAP financial measures because they are the result of discrete events that are not considered core-operating activities. Chegg believes that it is appropriate to exclude restructuring charges from non-GAAP financial measures because it enables the comparison of period-over-period operating results from continuing operations.

    --  Transitional logistic charges.
    

    Transitional logistic charges relate primarily to the expected closure of our warehouse and as we transition to Ingram's distribution centers, which results in duplicative logistic charges. The duplicative logistic charges were expected to be incurred throughout 2015 until the transition of our logistics and fulfillment obligations for our print textbook business to Ingram were complete. Chegg believes that it is appropriate to exclude transitional logistic charges from non-GAAP financial measures because it enables the comparison of period-over-period operating results from continuing operations.

    --  Acquisition-related compensation costs.
    

    Acquisition-related compensations costs include: (1) compensation expense resulting from the employment retention of certain key employees established in accordance with the terms of the acquisitions, (2) the remaining pay-out related to the Bookstep acquisition and (3) adjustments to previously recognized earn-out liability on contingent compensation expense related to acquisitions. In most cases, these acquisition-related compensation costs are not factored into management's evaluation of potential acquisitions or Chegg's performance after completion of acquisitions, because they are not related to Chegg's core operating performance. In addition, the frequency and amount of such charges can vary significantly based on the size and timing of acquisitions and the maturities of the businesses being acquired. Excluding acquisition-related compensation costs from non-GAAP measures provides investors with a basis to compare Chegg's results against those of other companies without the variability caused by purchase accounting.

    --  Amortization of intangible assets.
    

    Chegg amortizes intangible assets that it acquires in conjunction with business combinations, which results in non-cash operating expenses that would not otherwise have been incurred had Chegg internally developed such intangible assets. Chegg believes excluding the accounting expense associated with acquired intangible asset from non-GAAP measures allows for a more accurate assessment of its ongoing operations.

    Forward-Looking Statements

    This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which include, without limitation those included in the investor presentation referenced above, and all statements about Chegg's outlook under "Business Outlook." The words "anticipate," "believe," "estimate," "expect," "intend," "project," "endeavor," "will," "should," "future," "transition," "outlook" and similar expressions, as they relate to Chegg, are intended to identify forward-looking statements. These statements are not guarantees of future performance, and are based on management's expectations as of the date of this press release and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from any future results, performance or achievements. Important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include the following: Chegg's anticipated complete transition to a fully commission-based model with Ingram by 2017; the impact of Chegg's acquisition of Imagine Easy Solutions and Chegg's expectation that such acquisition will be accretive to Chegg's fiscal 2016 revenues and earnings and benefit students; Chegg's ability to attract new students, increase engagement and increase monetization; competitive developments, including pricing pressures; Chegg's anticipated growth of Chegg Services; Chegg's ability to build and expand its services offerings; Chegg's ability to develop new products and services on a cost-effective basis and to integrate acquired businesses and assets; the impact of seasonality on the business; Chegg's partnership with Ingram and the parties' ability to achieve the anticipated benefits of the partnership, including the potential impact of the economic risk-sharing arrangements between Chegg and Ingram on Chegg's results of operations; Chegg's ability to effectively control operating costs; changes in Chegg's addressable market; changes in the education market; and general economic and industry conditions. All information provided in this release and in the conference call is as of the date hereof and Chegg undertakes no duty to update this information except as required by law. These and other important risk factors are described more fully in documents filed with the Securities and Exchange Commission, including Chegg's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 4, 2016, and could cause actual results to vary from expectations.

    CHEGG, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except for number of shares and par value) March 31, 2016 December 31, 2015 -------------- ----------------- (unaudited) * Assets Current assets Cash and cash equivalents $41,504 $67,029 Short-term investments 20,002 17,800 Accounts receivable, net of allowance for doubtful accounts of $359 and $378 at March 31, 2016 10,955 13,157 and December 31, 2015, respectively Prepaid expenses 8,477 3,117 Other current assets 43,192 31,732 ------ ------ Total current assets 124,130 132,835 Long-term investments 2,878 4,229 Textbook library, net 20,640 29,728 Property and equipment, net 23,361 19,971 Goodwill 91,301 91,301 Intangible assets, net 8,237 8,865 Other assets 4,169 4,427 Total assets $274,716 $291,356 ======== ======== Liabilities and stockholders' equity Current liabilities Accounts payable $4,307 $5,860 Deferred revenue 26,769 14,971 Accrued liabilities 19,274 35,280 ------ ------ Total current liabilities 50,350 56,111 Long-term liabilities Total other long-term liabilities 3,969 4,170 ----- ----- Total liabilities 54,319 60,281 Commitments and contingencies Stockholders' equity: Preferred stock, $0.001 par value - 10,000,000 shares authorized, no shares issued and outstanding - - Common stock, $0.001 par value 400,000,000 shares authorized; 89,962,865 and 88,099,983 90 88 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively Additional paid-in capital 565,179 560,242 Accumulated other comprehensive loss (104) (172) Accumulated deficit (344,768) (329,083) -------- -------- Total stockholders' equity 220,397 231,075 Total liabilities and stockholders' equity $274,716 $291,356 ======== ======== * Derived from audited consolidated financial statements as of and for the year ended December 31, 2015.

    CHEGG, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (unaudited) Three Months Ended March 31, ---------------------------- 2016 2015 ---- ---- Net revenues: Rental $14,564 $37,714 Services 39,362 31,367 Sales 12,728 15,791 ------ ------ Total net revenues 66,654 84,872 Cost of revenues(1): Rental 13,513 38,555 Services 13,475 11,837 Sales 11,935 15,101 ------ ------ Total cost of revenues 38,923 65,493 Gross profit 27,731 19,379 Operating expenses: Technology and development(1) 16,958 16,144 Sales and marketing(1) 14,446 21,392 General and administrative(1) 12,666 11,777 Restructuring (credits) charges (44) 2,514 Gain on liquidation of textbooks (1,005) (4,185) ------ ------ Total operating expenses 43,021 47,642 ------ ------ Loss from operations (15,290) (28,263) Interest expense and other income, net: Interest expense, net (60) (61) Other income, net 65 76 --- --- Total interest expense and other income, net 5 15 --- --- Loss before provision for income taxes (15,285) (28,248) Provision for income taxes 400 294 Net loss $(15,685) $(28,542) ======== ======== Net loss per share, basic and diluted $(0.18) $(0.34) ====== ====== Weighted average shares used to compute net loss per share, basic and diluted 89,118 84,794 ====== ====== (1) Includes share-based compensation expense as follows: Cost of revenues $28 $134 Technology and development 4,126 4,707 Sales and marketing 1,893 5,054 General and administrative 5,223 5,125 Total share-based compensation expense $11,270 $15,020 ======= =======

    CHEGG, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) Three Months Ended March 31, ---------------------------- 2016 2015 ---- ---- Cash flows from operating activities Net loss $(15,685) $(28,542) Adjustments to reconcile net loss to net cash (used in) provided by operating activities: Textbook library depreciation expense 4,496 14,674 Other depreciation and amortization expense 2,577 3,172 Share-based compensation expense 11,270 15,020 Gain on liquidation of textbooks (1,005) (4,185) Loss from write-offs of textbooks 224 2,544 Other non-cash items 23 13 Change in assets and liabilities: Accounts receivable 2,161 2,434 Prepaid expenses and other current assets (16,816) (5,598) Other assets 258 47 Accounts payable (1,609) (4,938) Deferred revenue 11,798 20,378 Accrued liabilities (16,760) (8,270) Other liabilities (165) (58) Net cash (used in) provided by operating activities (19,233) 6,691 Cash flows from investing activities Purchases of textbooks (442) (29,142) Proceeds from liquidations of textbooks 6,120 11,979 Purchases of marketable securities (7,633) (6,243) Proceeds from sale of marketable securities 550 - Maturities of marketable securities 6,244 12,140 Purchases of property and equipment (4,800) (1,486) Net cash provided by (used in) investing activities 39 (12,752) Cash flows from financing activities Common stock issued under stock plans, net - 6,626 Payment of taxes related to the net share settlement of RSUs (6,331) (4,391) Repurchase of common stock - (2,263) Net cash used in financing activities (6,331) (28) ------ --- Net decrease in cash and cash equivalents (25,525) (6,089) Cash and cash equivalents, beginning of period 67,029 56,117 Cash and cash equivalents, end of period $41,504 $50,028 ======= ======= Supplemental cash flow data Cash paid during the period for: Interest $19 $25 === === Income taxes $402 $423 ==== ==== Non-cash investing and financing activities: Accrued purchases of long-lived assets $2,310 $2,759 ====== ====== Issuance of common stock related to prior acquisition - $825 === ====

    CHEGG, INC. RECONCILIATION OF GAAP NET INCOME (LOSS) TO EBITDA AND ADJUSTED EBITDA (in thousands) (unaudited) Three Months Ended March 31, ------------------- 2016 2015 ---- ---- Net loss $(15,685) $(28,542) Interest expense, net 60 61 Provision for income taxes 400 294 Textbook library depreciation expense 4,496 14,674 Other depreciation and amortization 2,577 3,172 ----- ----- EBITDA (8,152) (10,341) Textbook library depreciation expense (4,496) (14,674) Share-based compensation expense 11,270 15,020 Other income, net (65) (76) Restructuring (credits) charges (44) 2,514 Transitional logistic charges - 2,483 Acquisition related compensation costs 988 795 Adjusted EBITDA $(499) $(4,279) ===== =======

    CHEGG, INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (in thousands, except percentages) (unaudited) ` Three Months Ended March 31, ---------------------------- 2016 2015 ---- ---- GAAP total net revenues $66,654 $84,872 Adjustments (19,855) (39,080) Non-GAAP total pro forma net revenues $46,799 $45,792 ======= ======= GAAP gross profit $27,731 $19,379 Share-based compensation expense 28 134 Transitional logistic charges - 2,483 Non-GAAP gross profit $27,759 $21,996 ======= ======= GAAP gross margin % 41.6% 22.8% Non-GAAP gross margin % 41.6% 25.9% GAAP operating expenses $43,021 $47,642 Share-based compensation expense (11,242) (14,886) Amortization of intangible assets (628) (1,560) Restructuring credits (charges) 44 (2,514) Acquisition related compensation costs (988) (795) Non-GAAP operating expenses $30,207 $27,887 ======= ======= GAAP operating expenses as a percent of net revenues 64.5% 56.1% Non-GAAP operating expenses as a percent of net revenues 45.3% 32.9% GAAP operating loss $(15,290) $(28,263) Share-based compensation expense 11,270 15,020 Amortization of intangible assets 628 1,560 Restructuring (credits) charges (44) 2,514 Transitional logistic charges - 2,483 Acquisition related compensation costs 988 795 Non-GAAP operating loss $(2,448) $(5,891) ======= ======= GAAP net loss $(15,685) $(28,542) Share-based compensation expense 11,270 15,020 Amortization of intangible assets 628 1,560 Restructuring (credits) charges (44) 2,514 Transitional logistic charges - 2,483 Acquisition related compensation costs 988 795 Non-GAAP net loss $(2,843) $(6,170) ======= ======= GAAP and Non-GAAP weighted average shares used to compute net loss per share 89,118 84,794 ====== ====== GAAP net loss per share $(0.18) $(0.34) Adjustments 0.15 0.27 Non-GAAP net loss per share $(0.03) $(0.07) ====== ======

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/chegg-reports-first-quarter-2016-results-300261042.html

    Photo: http://photos.prnewswire.com/prnh/20140116/NY47534LOGO Chegg

    CONTACT: Investor relations: Amy Feng, ir@chegg.com

    Web site: http://www.chegg.com/




    Nimble Storage to Announce First Quarter 2017 Financial Results on May 24, 2016

    SAN JOSE, Calif., May 2, 2016 /PRNewswire/ -- Nimble Storage , the leader in predictive flash storage, will report results for its fiscal first quarter on Tuesday, May 24, 2016. The results will be included in a press release with accompanying financial information and Shareholder Letter that will be released after market close and posted on the Nimble Storage Investor Relations website.

    Nimble Storage management will host a conference call and live webcast beginning at 2:00 p.m. PT (5:00 p.m. ET) to discuss the Company's financial results and business highlights. Interested parties may access the call by dialing (877) 604-9673 in the U.S. or (719) 325-4773 from international locations. In addition, a live audio webcast of the conference call will be available on the Nimble Storage Investor Relations website at http://investors.nimblestorage.com.

    A replay of the audio webcast will be available on the Nimble Storage investor relations website for 45 days.

    Nimble Storage Resources

    --  Nimble Storage Website
    --  Case Studies and Videos
    --  Follow Nimble Storage on Twitter: @NimbleStorage
    --  Follow Nimble Storage on LinkedIn
    --  Visit Nimble Storage on Facebook
    --  Visit the NimbleConnect Community
    

    About Nimble Storage

    Nimble Storage is the leader in predictive flash storage solutions. Nimble offers a Predictive Flash platform that combines flash performance with predictive analytics to predict and prevent barriers to data velocity caused by complex IT infrastructure. Nimble customers experience absolute performance, non-stop availability and cloud-like agility that accelerate critical business processes. More than 7,500 enterprises, governments, and service providers have deployed the Nimble Predictive Flash Platform across more than 50 countries. For more information visit www.nimblestorage.com and follow us on Twitter: @nimblestorage.

    Nimble Storage, the Nimble Storage logo, CASL, InfoSight, SmartStack, Timeless Storage, Data Velocity Delivered, Unified Flash Fabric and NimbleConnect are trademarks or registered trademarks of Nimble Storage, Inc. Other trade names or words used in this document are the properties of their respective owners.

    Media Contact:
    Kristalle Cooks
    408-514-3313
    Kristalle@nimblestorage.com

    Investor Relations Contact:
    Edelita Tichepco
    408-514-3379
    IR@nimblestorage.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nimble-storage-to-announce-first-quarter-2017-financial-results-on-may-24-2016-300260315.html

    Nimble Storage

    Web site: http://www.nimblestorage.com/




    Chegg Acquires Imagine Easy Solutions, A Market Leader Of Online Writing ToolsWriting Tools Used by More Than 7 Million Unique Users Monthly;Accretive to Chegg in Fiscal 2016

    SANTA CLARA, Calif., May 2, 2016 /PRNewswire/ -- Chegg, Inc. , the Student Hub, today announced that it has acquired Imagine Easy Solutions ("Imagine Easy"), the provider of popular service EasyBib.com and other essential writing tools with capabilities such as citations, bibliography, writing structure and anti-plagiarism, used by more than 7 million unique users in March 2016.

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    "We know that writing is one of the biggest pain points for students today, with about one quarter of all college freshmen required to take remedial writing courses and employers rating less than 30% of recent graduates as being well prepared written communicators," said Dan Rosensweig, Chairman and CEO of Chegg. "Inability to write at the college level is a leading indicator of which students will eventually drop out, a situation that adversely impacts both the student and the school. With this acquisition, Chegg now has the ability to serve the millions of students who depend on writing help every day, in particular those students required to take remedial writing classes."

    Chegg has acquired Imagine Easy for approximately $42 million in an all-cash transaction, approximately $25 million of which was paid at closing and $17 million of which is to be paid by April 2017. There are potential additional payments of up to $18 million over the next three years that remain subject to contingencies. These contingent payments may be settled either in cash or common stock, at the discretion of Chegg.

    Similar to Chegg's existing revenue model, Imagine Easy's diversified revenues are composed of subscriptions and digital advertising. The transaction is anticipated to be accretive to Chegg's fiscal 2016 revenues and earnings.

    Writing deficiencies have become one of the biggest education issues today and writing is the most frequently requested area for help among high school and college students:

    --  Only 27% of employers rated recent college grads are well prepared as
    written communicators;([i])
    --  Nearly 25% of college freshman are required to take non-credit remedial
    writing courses;([ii])
    --  It costs about $7 billion annually to deliver remedial writing services
    to students and institutions.([iii])
    

    Imagine Easy's subscription products include EasyBib, Citation Machine, BibMe, Cite This for Me, and Normas APA, which is available in Spanish. In the last 12 months, students logged more than 240 million individual online sessions, lasting an average of more than 8 minutes per session. Since their launch, students worldwide have created approximately 1.4 billion citations using Imagine Easy's writing productivity tools.

    "Imagine Easy and Chegg share the same vision and mission to develop and offer leading, student-first tools that help students improve their outcomes," said Neal Taparia, co-CEO and co-Founder of Imagine Easy. "By joining Chegg, we accelerate our plans for delivering a complete suite of writing tools that democratize access to great educational resources and provide students with the academic support they need," said Darshan Somashekar, co-CEO and co-Founder of Imagine Easy. Both co-Founders will be joining Chegg as full time employees.

    Chegg will address investor questions about the transaction during its upcoming quarterly earnings call on May 2, 2016. To access the call, please dial (877) 407-4018, or outside the U.S. +1 (201) 689-8471, five minutes prior to 1:30 p.m. Pacific Daylight Time (or 4:30 p.m. Eastern Daylight Time) on May 2, 2016. More information about the acquisition can be found at by emailing press@chegg.com. To explore the Imagine Easy platform, visit www.imagineeasy.com.

    Vista Point Advisors, a San Francisco based boutique investment bank, acted as the exclusive financial advisor to Imagine Easy.

    Deborah Quazzo of GSV Advisors personally advised the founders of Imagine Easy with consulting services and industry insight.

    ABOUT CHEGG

    Chegg puts students first. As the leading student-first connected learning platform, the company makes higher education more affordable, more accessible, and more successful for students. Chegg is a publicly-held company based in Santa Clara, California and trades on the NYSE under the symbol CHGG. For more information, visit www.chegg.com.

    SAFE HARBOR STATEMENT

    This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including Chegg's belief that it, through its acquisition of Imagine Easy, will have the ability to serve millions of students in the area of writing; Chegg's belief that the transaction will be accretive to Chegg's fiscal 2016 revenues and earnings; Chegg's belief that acquisition of Imagine Easy will help it grow faster and globally and that Imagine Easy's tools and services will improve to help students; and Chegg's belief that the acquisition of Imagine Easy will accelerate the plans for delivering a complete suite of writing tools that democratize access to educational resources and provide students with the academic support they need. Statements regarding future events are based on management's current expectations and are necessarily subject to associated risks related to, among other things, the potential impact on the business of Imagine Easy due to the acquisition, general economic conditions, competition, and integration risks, among others. Therefore, actual results, performance or achievements may differ materially and adversely from those expressed in any forward-looking statements. For information regarding other related risks, see the "Risk Factors" section of Chegg's Annual Report on Form 10-K for the fiscal year ended December 31, 2015 filed with the Securities and Exchange Commission ("SEC") on March 4, 2016 and Chegg's other SEC filings. You can obtain copies of Chegg's SEC filings on the SEC's website at www.sec.gov or at Chegg's Investor Relations website at investor.chegg.com. The forward-looking statements included herein are made only as of the date hereof, and Chegg undertakes an obligation to revise or update any forward-looking statements for any reason except as required by law.

    Investor contact: Amy Feng, ir@chegg.com, or Media contact: Usher Lieberman, press@chegg.com


    [i] http://reachcap.com/assets/uploads/reimagined_2015.pdf [ii] https://edreformnow.org/policy-briefs/out-of-pocket-the-high-cost-of-inadequate-high- schools-and-high-school-student-achievement-on-college-affordability/ [iii] http://completecollege.org/wp-content/uploads/2014/11/4-Year-Myth.pdf

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/chegg-acquires-imagine-easy-solutions-a-market-leader-of-online-writing-tools-300261075.html

    Photo: http://photos.prnewswire.com/prnh/20140116/NY47534LOGO Chegg, Inc.

    Web site: http://www.chegg.com/




    Final DOL Fiduciary Rule Has Key Implications For Asset Managers According To DST kasinaNew White Paper Reviews Considerations for Marketing, Distribution, Operations, and Product Strategy Teams

    NEW YORK, May 2, 2016 /PRNewswire/ -- DST kasina, LLC a provider of data-driven insights and distribution solutions to financial companies around the world, today released its latest white paper analyzing the implications of the Department of Labor's final Conflict of Interest Rule for asset managers.

    The final rule, which was published April 8, 2016, includes key modifications to the proposed rule ensure continued access to advice and reduce the compliance burden. Important changes to the best interest contract exemption (BICE) address asset managers' concerns about recommending proprietary products, working with existing clients, and using variable compensation.

    The DST kasina paper - "Implications of the Final DOL Fiduciary Rule for Asset Managers" - analyzes how the "fiduciary rule" will affect the way asset managers do business and suggests ways they can prepare themselves for the new requirements.

    According to the paper's author, Julia Binder, Head of Strategic Marketing Research for DST kasina, the white paper reviews critical questions asset managers should address in revising their business strategies to meet the requirements of the new rule.

    "Our research finds that leading firms are already adapting or developing new business models, collaborating with technology vendors, and making strategic acquisitions in response to broader trends in financial services," says Binder. "Important among those changes are a move to lower-cost passive investment products, a shift to fee-based accounts, and the use of automated digital advice."

    According to DST kasina's analysis, asset firms preparing to thrive should consider:

    --  Working with key distribution partners to deliver more competitive
    products and services,
    --  Integrating digital portfolio-building and advice options,
    --  Obtaining deeper insight into advisors and investors to provide better
    support and service,
    --  Overhauling and extend product offerings that anticipate demand for
    efficient management,
    --  Augmenting required disclosure of costs and fees with education and
    explanation, and
    --  Developing communications initiatives to build interest and trust with
    investors in addition to advisors.
    

    In addition to reviewing implications of selected aspects of the rule, the DST kasina paper includes recommendations for adapting to new disclosure requirements, providing investment education, and anticipating demand for lower-cost product options, as well as ways firms can identify new opportunities to help distribution partners, advisors, plan sponsors, and account owners.

    "Firms that are anticipating the changes to their distribution, product, and marketing strategies to help them remain competitive will be positioned to thrive during times of significant industry change," says Binder.

    For a copy of DST kasina's "Implications of the Final DOL Fiduciary Rule for Asset Managers" white paper, contact Myra Bartalos, Head of Marketing, at mbartalos@kasina.com.

    About DST kasina
    DST kasina, LLC helps leading companies in the financial services industry manage data, gain insight, and ignite change in their business. Through effective use of advanced analytics, research, and distribution intelligence technologies, DST kasina enables business to better understand, predict, and optimize key business factors impacting their asset growth and profitability. For more information on how to leverage DST kasina's strategic advisory services, visit www.kasina.com.

    About DST
    DST Systems, Inc. is a leading provider of specialised technology, strategic advisory, and business operations outsourcing to the financial and healthcare industries. Combining unmatched industry knowledge, critical infrastructure and service excellence, DST helps companies master complexity in the world's most demanding industries to ensure they continually stay ahead of and capitalise on ever-changing customer, business, and regulatory requirements. For more information, visit the DST website at www.dstsystems.com.

    Media Contact:

    Laura M. Parsons
    DST Global Public Relations
    +1 816 843 9087
    mediarelations@dstsystems.com

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/final-dol-fiduciary-rule-has-key-implications-for-asset-managers-according-to-dst-kasina-300260905.html

    Photo: http://photos.prnewswire.com/prnh/20160316/345081LOGO DST kasina, LLC

    Web site: http://www.kasina.com/




    Axcelis Announces Financial Results For First Quarter 2016Company Reports Solid Quarterly Results and Significant Market Share Gains Driven by Purion Platform

    BEVERLY, Mass., May 2, 2016 /PRNewswire/ -- Axcelis Technologies, Inc. today announced financial results for the first quarter ended March 31, 2016.
    Highlights for the quarter include:

    --  Total revenues of $67.5 million were above guidance:
    --  System revenues of $37 million.
    --  Operating profit of $2.5 million.
    --  Net income of $1.9 million or $0.02 per share.
    --  Increased Axcelis market share:
    --  Increased total market share to 18.3% in 2015 up from 12.4% in 2014.
    --  Doubled high current market share from 6% in 2014 to 12.4% in 2015,
    driven by the Purion H, the fastest growing new product in Axcelis
    history.
    

    http://photos.prnewswire.com/prnvar/20130905/NE75070LOGO

    The Company reported first quarter revenue of $67.5 million, compared to $70.5 million for the fourth quarter of 2015. Operating profit for the quarter was $2.5 million, compared to $2.4 million for the fourth quarter. Net income for the quarter was $1.9 million, or $0.02 per share. This compares to net income for the fourth quarter of 2015 of $0.8 million, or $0.01 per share. Cash, cash equivalents and restricted cash were $74.4 million at March 31, 2016, compared to $85.8 million on December 31, 2015.

    "We're pleased with our execution against strategic initiatives in the first quarter that will continue to drive Purion platform market share gains in 2016," said President and CEO Mary Puma. "We remain focused on broadening our customer base, driving gross margin improvements and delivering stronger financial performance in the second half of 2016."

    Business Outlook
    For the second quarter ending June 30, 2016, Axcelis expects similar financial results as in the first quarter, with revenues to be in the mid $60 million range. Gross margin in the second quarter is expected to be in the mid 30% range. Second quarter operating profit is forecasted to be approximately $1-2 million with breakeven to $0.01 earnings per share.

    First Quarter 2016 Conference Call
    The Company will host a conference call today, Monday, May 2, 2016 at 5:00 pm ET, to discuss results for the first quarter 2016. The call will be available to interested listeners via an audio webcast that can be accessed through the Investors page of Axcelis' website at www.axcelis.com, or by dialing 866.588.8911 (707.294.1561 outside North America). Participants calling into the conference call will be requested to provide the company name, Axcelis Technologies, and pass code: 82784852. Webcast replays will be available for 30 days following the call.

    Safe Harbor Statement
    This press release and the conference call contain forward-looking statements under the SEC safe harbor provisions. These statements, which include our guidance for future financial performance, are based on management's current expectations and should be viewed with caution. They are subject to various risks and uncertainties, many of which are outside the control of the Company, including the timing of orders and shipments, the conversion of orders to revenue in any particular quarter, or at all, the continuing demand for semiconductor equipment, relative market growth, continuity of business relationships with and purchases by major customers, competitive pressure on sales and pricing, increases in material and other production costs that cannot be recouped in product pricing and global economic, political and financial conditions. These risks and other risk factors relating to Axcelis are described more fully in the most recent Form 10-K filed by Axcelis and in other documents filed from time to time with the Securities and Exchange Commission.

    About Axcelis:
    Axcelis , headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 35 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.

    Company Contacts

    Investor Relations:
    Doug Lawson
    978.787.9552

    Editorial/Media:
    Maureen Hart
    978.787.4266

    Axcelis Technologies, Inc. Consolidated Statement of Operations (In thousands, except per share amounts) (Unaudited) Three months ended March 31, ----------------------------- 2016 2015 ---- ---- Revenue: Product $62,175 $67,530 Services 5,346 5,753 Total revenue 67,521 73,283 Cost of Revenue: Product 40,263 45,185 Services 3,842 4,718 Total cost of revenue 44,105 49,903 ------ ------ Gross profit 23,416 23,380 Operating expenses: Research and development 8,636 8,199 Sales and marketing 5,960 5,628 General and administrative 6,042 6,101 Restructuring charges 282 10 Total operating expenses 20,920 19,938 ------ ------ Income from operations 2,496 3,442 Other (expense) income: Interest income 54 3 Interest expense (1,047) (1,043) Other, net (59) (433) Total other (expense) income (1,052) (1,473) ------ ------ Income before income taxes 1,444 1,969 Income tax (benefit) provision (504) 101 ---- --- Net income $1,948 $1,868 ====== ====== Net income per share: Basic $0.02 $0.02 ===== ===== Diluted $0.02 $0.02 ===== ===== Shares used in computing net income per share: Basic weighted average common shares 116,152 113,152 ======= ======= Diluted weighted average common shares 122,078 118,720 ======= =======

    Axcelis Technologies, Inc. Consolidated Balance Sheets (In thousands, except per share amounts) (Unaudited) March 31, December 31, 2016 2015 ---- ---- ASSETS Cash and cash equivalents $67,571 $78,889 Accounts receivable, net 47,471 36,868 Inventories, net 115,165 115,904 Prepaid expenses and other assets 25,267 19,652 Property, plant and equipment, net 30,997 30,031 Restricted cash 6,863 6,936 Total assets $293,334 $288,280 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable $21,700 $19,849 Accrued compensation 8,477 9,059 Warranty 3,535 3,555 Income taxes 177 143 Deferred revenue 8,786 8,542 Sale leaseback obligation 47,586 47,586 Other liabilities 8,758 9,286 Total liabilities 99,019 98,020 Commitments and contingencies Stockholders' equity: Preferred stock, $0.001 par value, 30,000 shares authorized; none issued or outstanding - - Common stock, $0.001 par value, 300,000 shares authorized; 116,356 shares issued and 116,237 shares outstanding at March 31, 2016; 116,101 shares issued and 115,981 shares outstanding at December 31, 2015 116 116 Additional paid-in capital 530,034 529,002 Treasury stock, at cost, 120 shares at March 31,2016 and December 31, 2015 (1,218) (1,218) Accumulated deficit (334,261) (336,209) Accumulated other comprehensive loss (356) (1,431) Total stockholders' equity 194,315 190,260 ------- ------- Total liabilities and stockholders' equity $293,334 $288,280 ======== ========

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    Web site: http://www.axcelis.com/




    Buzztime Teams Up With Fandango For Interactive In-Venue Promotion

    CARLSBAD, Calif., May 2, 2016 /PRNewswire/ -- Buzztime , a leader in omni-channel advertising, interactive entertainment, and innovative dining technology for bars and restaurants in North America, is working with Fandango, the nation's leading digital destination for all things movies, on a unique interactive promotion designed to reward trivia-playing movie fans. The promo aims to drive repeat visits to the over 2,500 hospitality venue partners, such as bars and restaurants, equipped with Buzztime's digital entertainment platform.

    http://photos.prnewswire.com/prnvar/20120117/LA36540LOGO

    The Fandango Cinema Trivia promotion will reward players with a pair of free Fandango movie tickets when they play a special Fandango-branded movie trivia game in a Buzztime-equipped venue at least two times in any 30-day period between May 2 and June 20, 2016. The game will be held from 5:00 - 5:30 pm PST on Mondays during the promotional period in every Buzztime location. Fandango game promos will be featured on dedicated Buzztime digital out-of-home (DooH) screens positioned throughout the venues and on Buzztime tablets. Players only need to participate in the movie trivia game and do not need to win or reach any particular score to earn the Fandango movie tickets.

    "Buzztime is leveraging our interactive digital entertainment network to provide a turnkey promotion that is a real win-win for all parties involved," states Erik Evans, vice president of enterprise enablement of Buzztime. "While players are rewarded with free movie tickets and a fun, interactive trivia experience, Fandango will enjoy great brand exposure and Buzztime locations will score a boost in repeat traffic."

    Buzztime is handling all of the technical and back-end components of the promotion for its venue partners. The company will reach out to its extensive database of Buzztime players to generate awareness and interest in visiting these Buzztime-equipped venues to participate in the promo. Teaser ads ran in these locations from mid-April through the start of the promotion on May 2. Participants who meet the requirements will receive instructions on how to receive and redeem their Fandango movie tickets after competing in the trivia contest for a 2(nd) time within the 30-day promotional period.

    "Buzztime is providing a terrific opportunity for Fandango to engage with families and friends at U.S. restaurants across the country with a fun, interactive game promotion that celebrates movies and promotes moviegoing at the start of an exciting summer movie season," said Jason Davis, Vice President and General Manager, Fandango Rewards.

    Other recent interactive marketing integrations by Buzztime include working with brands such as Miller/Coors, Sony Pictures, Lyft, and Dr Pepper.

    Forward-looking Statements
    This release contains forward-looking statements, which reflect management's current views of future events and operations, including but not limited to statements about our consumer engagement, product performance and promotional activities. These statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the risks of unsuccessful execution or launch of products, platforms and brands, the impact of competitive products, brands, technologies and pricing, adverse economic conditions, the regulatory environment, and the failure of customer and/or restaurant adoption or demand for new or existing products. Please see NTN Buzztime, Inc.'s recent filings with the Securities and Exchange Commission for information about these and other risks that may affect the Company. All forward-looking statements included in this release are based on information available to us on the date hereof. These statements speak only as of the date hereof, and NTN Buzztime, Inc. does not undertake to publicly update or revise any of its forward-looking statements, even if experience or future changes show that the indicated results or events will not be realized.

    About Buzztime:
    Buzztime delivers interactive entertainment and innovative dining technology to bars and restaurants in North America. Venues license Buzztime's customizable solution to differentiate themselves via competitive fun by offering guests trivia, card, sports and arcade games, nationwide competitions, personalized menus and self-service dining features. Buzztime's platform improves operating efficiencies, creates connections among the players and venues, and amplifies guests' positive experiences. Founded in 1984, Buzztime has accumulated over 9 million player registrations and over 115 million games were played in 2015 alone. For more information, please visit http://www.buzztime.com or follow us on Facebook or Twitter @buzztime.

    About Fandango
    Fandango is the ultimate digital network for all things movies, serving consumers with best-in-class movie information, ticketing to more than 27,000 screens, movie trailers and original video content for movie discovery, and home entertainment. Its portfolio reaches more than 63 million unique visitors per month, according to comScore, with over 100 million app downloads, and includes popular movie properties Flixster, Rotten Tomatoes and the Tomatometer(TM) rating, and Fandango Movieclips, the No. 1 movie trailers and content channel on YouTube. Its new premium on demand video service, FandangoNOW offers new release and catalog movies and next-day TV shows on a wide variety of connected, over-the-top (OTT) and mobile devices. Also part of the Fandango family is Brazil's leading online ticketer, Ingresso.com. Movie fans can find Fandango on Facebook at www.facebook.com/fandango, Twitter @Fandango, and many other social platforms.

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    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/buzztime-teams-up-with-fandango-for-interactive-in-venue-promotion-300260453.html

    Photo: http://photos.prnewswire.com/prnh/20120117/LA36540LOGO NTN Buzztime, Inc.

    Web site: http://www.ntn.com/




    EMC World Day 1 - EMC Launches Wave of New Technology to Modernize Data CentersIntroduces New EMC Unity Family, Virtustream Storage Cloud, EMC MyService360 Service Dashboard, EMC Enterprise Copy Data Management, ViPR Controller 3.0

    LAS VEGAS, May 2, 2016 /PRNewswire/ -- EMC WORLD 2016

    https://photos.prnewswire.com/prnvar/20160501/362074

    News Highlights:

    --  Customers face complex data center priorities: maintaining traditional
    business applications efficiently while supporting next-gen application
    development
    --  The first step toward balancing these conflicted IT priorities is to
    modernize the foundation on which IT is built
    --  Core tenets of this modernization include flash, scale-out,
    software-defined and cloud-enabled technologies that are protected and
    trusted
    --  EMC today launched multiple new products and services to help customers
    modernize their data centers
    --  Today's announcements span major new all flash storage, cloud storage,
    copy data management, software-defined storage, and service and support
    capabilities
    

    Connect With Us At EMC World 2016:

    --  Session Streaming: For video of keynotes, general sessions, backstage
    sessions, and EMC TV coverage, click here
    --  Social: Follow @EMCWorld, @EMCCorp, and @EMC_News, and join
    conversations with #EMCWORLD, and like EMC on Facebook
    --  Photos: Access event photos via Flickr
    --  Live Chat: Click here to join "Ask Me Anything" CrowdChat with Jeremy
    Burton, President of Products & Marketing, on Tuesday, May 3 at 12:00 PM
    PDT/ 3:00PM EDT
    --  News: View additional related news from EMC Pulse Blog or visit the
    special EMC WORLD News microsite here
    

    Full Story:
    EMC Corporation today announced multiple new modern data center products and services fundamental to customers' modern data center transformation initiatives. This transformation is leading to complex data center priorities: maintaining traditional business applications as efficiently and in a low-cost manner as possible without compromising service integrity, and using those savings to support next-gen application development needs. Each requires different investments, which largely come from the same (typically flat) IT budget. The first step toward balancing these conflicted IT priorities is to modernize the infrastructure on which IT is built.

    Today EMC introduced the new EMC(R) Unity(TM) family of all-flash storage; Virtustream(R) Storage Cloud platform; EMC MyService360(TM) service-centric online dashboard, EMC Enterprise Copy Data Management (eCDM) and ViPR(R) Controller 3.0.

    EMC Executive Quote:
    David Goulden, EMC Information Infrastructure CEO
    "The IT industry is in a state of massive transformation, resulting in both disruption and great opportunity. Every business leader, across every industry, is facing the dilemma of how to support and grow traditional IT infrastructure while modernizing the data center in order to support the development of new applications and advance their digital agendas. Some are doing all of this simultaneously. The products and services announced today will help advance the customer's journey to build a modern data center in order to thrive as a digital business."

    News Highlights:

    --  EMC has declared 2016 the Year Of All-Flash for primary storage, and
    today EMC expanded its market-leading all-flash portfolio with the new
    EMC Unity family of storage arrays. The new all-flash array, ideal for
    small and medium-size IT deployments, sets the new standard for
    simplicity, affordability and flexibility. It is available in all-flash,
    hybrid, converged and software-defined configurations and is designed to
    help customers make an affordable and simple transition from disk to
    flash. (News release HERE)
    --  New Virtustream Storage Cloud is a global cloud storage platform
    offering enterprise-levels of resiliency and performance combined with
    true web scale. The launch of Virtustream Storage Cloud represents the
    latest expansion in capabilities for Virtustream which, over the course
    of the last ten months as an EMC company, has continued to innovate on
    its core enterprise-class, mission-critical infrastructure-as-a-service
    platform while enhancing the portfolio with a comprehensive set of
    managed services capabilities for both on- and off-premises
    implementations. (News release HERE)
    --  The new EMC MyService360 cloud-based service dashboard -- available at
    no additional cost to customers registered with EMC Online Support --
    provides a visually compelling, near real-time visibility into the
    health and status of a customer's entire EMC data center environment.
    MyService360 is built using EMC's internal data lake and provides
    powerful analytics and visualization tools designed to improve, enhance
    and simplify the way customers engage with EMC products to make their
    jobs easier. (News release HERE)
    --  EMC Enterprise Copy Data Management (eCDM) is an expansion of EMC's Copy
    Data Management portfolio which helps customers tackle data sprawl and
    reduce the cost of storing and managing multiple copies of the same
    data. eCDM enables customers to modernize their storage and protection
    strategy with discovery, automation and optimization of copy data to
    reduce costs and streamline operations. eCDM provides companies with a
    pan-enterprise solution to monitor, manage and analyze copy data,
    eliminating the waste organizations will spend storing data on the wrong
    tier of data or when they no longer need the data all together. (News
    release HERE)
    --  ViPR Controller 3.0 is designed to help customers transition to the
    modern data center by bridging traditional and cloud native environments
    to enable business transformation. New updates announced today help
    customers modernize their multivendor storage environments, with support
    for over 50 EMC and third-party storage platforms. (News release HERE)
    

    About EMC
    EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing. Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset -- information -- in a more agile, trusted and cost-efficient way. Additional information about EMC can be found at www.EMC.com.

    EMC, MyService360, Unity, ViPR, and Virtustream are trademarks or registered trademarks of EMC Corporation in the United States and/or other countries. All other trademarks used are the property of their respective owners.

    This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) risks associated with the proposed acquisition of EMC by Denali Holdings, Inc., the parent company of Dell, Inc., including, among others, assumptions related to the ability to close the acquisition, the expected closing date and its anticipated costs and benefits; (ii) adverse changes in general economic or market conditions; (iii) delays or reductions in information technology spending; (iv) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (v) competitive factors, including but not limited to pricing pressures and new product introductions; (vi) component and product quality and availability; (vii) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (viii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (ix) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (x) the ability to attract and retain highly qualified employees; (xi) insufficient, excess or obsolete inventory; (xii) fluctuating currency exchange rates; (xiii) threats and other disruptions to our secure data centers or networks; (xiv) our ability to protect our proprietary technology; (xv) war or acts of terrorism; and (xvi) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.

    Photo - http://photos.prnewswire.com/prnh/20160501/362074

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/emc-world-day-1--emc-launches-wave-of-new-technology-to-modernize-data-centers-300260686.html

    Photo: https://photos.prnewswire.com/prnh/20160501/362074 EMC Corporation

    CONTACT: Kevin Kempskie, 508-293-7642, kevin.kempskie@emc.com

    Web site: http://www.emc.com/




    Virtustream Launches Global Hyper-scale Storage Cloud For Seamless Enterprise Storage Extensibility, Backup and Cloud-Native Object StorageSyncplicity Selects Virtustream Storage Cloud to Meet Customer Mobility and Security Needs

    LAS VEGAS, May 2, 2016 /PRNewswire/ -- EMC WORLD -- Virtustream, the enterprise-class cloud provider and an EMC Federation company, today announced the launch of Virtustream((R)) Storage Cloud, a global cloud storage platform offering enterprise-levels of resiliency and performance combined with true Web scale.

    Resilient, Enterprise-Class Cloud Storage Platform

    Virtustream Storage Cloud is built for the world's largest enterprises, service providers, and public sector organizations, which need to secure, manage, and store mission-critical data in the cloud.

    Virtustream Storage Cloud provides a hyper-scale storage platform with enterprise-class resiliency and performance. This new platform has been extensively tested, with underlying elements running successfully in production for several years as the primary object storage platform for a select set of customers managing multiple Exabytes of data, with hundreds of billions of objects under management and an event monitoring system that processes more than 35 billion events per day.

    The new Virtustream Storage Cloud offering builds from this hardened and customer-tested base. In addition to availability as a Web-scale object storage platform, Virtustream Storage Cloud provides seamless cloud extensibility for on-premises EMC((R)) storage, providing customers with simple and efficient tiering, long-term backup retention, and cold storage in the cloud, with single-source EMC support.

    Virtustream Storage Cloud has been designed from the ground up to support a complete range of enterprise use cases.

    Key features include:

    --  Engineered-in resiliency delivering up to 13 x 9s of data durability
    --  Architected and optimized for performance, particularly for large object
    sizes
    --  Available read-after-failure provides resiliency and data integrity even
    in case of single site failure
    --  Seamless extensibility of on-premises primary storage and backup to the
    cloud
    

    EMC offerings that plan to support the platform include:

    --  EMC Data Domain: Using Data Domain((R)) Cloud Tier, automatically move
    backup data directly from EMC protection storage to Virtustream Storage
    Cloud for seamless, cost effective long-term backup retention.
    --  EMC Data Protection Suite(TM): Tier backup data from EMC protection
    software to Virtustream Storage Cloud for long-term backup retention.
    --  EMC VMAX((R)), XtremIO((R)) and Unity(TM) Systems: Tier data to the
    cloud to reduce on-site primary storage footprint while maintaining
    optimal performance through on premise client-side caching and
    Virtustream Storage Cloud.
    --  EMC Isilon: Archive cold data to the cloud using on premises Isilon((R))
    CloudPools policies to govern the placement and retention of tiered
    files to Virtustream Storage Cloud.
    

    Additionally, organizations soon will be able to deploy Web-scale object storage for cloud-native applications, leveraging a simple, S3-compatible application programming interface.

    "Enterprises are generating exponentially-growing data and looking for cost-effective strategies for long-term backup retention and archival storage, in addition to seeking resilient, cost-effective and scalable platforms for cloud-native application data," said Rodney Rogers, Chief Executive Officer at Virtustream. "Virtustream Storage Cloud will provide a scalable, enterprise-class platform to meet our customers' cloud storage needs for both second and third platform applications."

    "Any modern data center must extend seamlessly to the cloud, which is why we're making cloud connectivity and cloud tiering an inherent capability of all of our products," said Jeremy Burton, President, Products and Marketing, EMC Corporation. "With Virtustream Storage Cloud, and the cloud capabilities in our storage products, we're able to offer our customers even more choice: they can tier to an EMC managed public cloud, EMC private cloud or third-party public cloud of their choice."

    Syncplicity Selects Virtustream Storage Cloud

    Syncplicity, the leader of the hybrid enterprise file sync and share market, has teamed up with Virtustream and will use Virtustream Storage Cloud to meet its customers' mobility and security needs.

    "We are very excited about our collaboration with Virtustream, offering a complete Hybrid EFSS solution enabling rapid large-scale deployments," said Jon Huberman, Chief Executive Officer at Syncplicity. "The combination of Syncplicity's industry-leading hybrid EFSS solution with Virtustream's highly secure and scalable storage cloud delivers unrivalled mobile access user experience anytime, anywhere and on any device, with the security and data residency compliance demanded by enterprises, while at the same time enabling IT infrastructure digital transformation initiatives and significant cost take out."

    Like Virtustream, Syncplicity is built to support a hybrid cloud infrastructure, making it easily extensible, highly flexible and economical for customers. With this relationship, Syncplicity will expand its current hybrid cloud offering to enable compliance-conscious organizations to more effectively store and manage their data, both in the cloud and on-premises. Virtustream's extensive global footprint lets enterprise customers take advantage of Syncplicity's unique hybrid approach to file sync and share no matter how dispersed their operations.

    Learn More About Virtustream at EMC World 2016!

    Virtustream Storage Cloud will be generally available on May 10, 2016 with nodes in the United States and Europe. For more information, please visit: http://www.virtustream.com/virtustream-storage-cloud

    The launch of Virtustream Storage Cloud represents the latest expansion in capabilities for Virtustream which, over the course of the last ten months as an EMC company, has continued to innovate on its core enterprise-class, mission-critical infrastructure-as-a-service platform while enhancing the portfolio with a comprehensive set of managed services capabilities for both on- and off-premises implementations. Virtustream will be showcasing its full range of enterprise-class cloud capabilities in booth 656 at EMC World 2016 in Las Vegas from May 2 - 5.

    About Virtustream
    Virtustream, an EMC Federation company, is the enterprise-class cloud service and software provider trusted by enterprises worldwide to migrate and run their mission-critical applications in the cloud. For enterprises, service providers and government agencies, Virtustream's xStream management platform and Infrastructure-as-a-Service (IaaS) meets the security, compliance, performance, efficiency and consumption-based billing requirements of complex production applications in the cloud - whether private, public or hybrid.

    About EMC
    EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing. Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset -- information -- in a more agile, trusted and cost-efficient way. Additional information about EMC can be found at www.EMC.com.

    Virtustream and xStream are registered trademarks and trademarks of Virtustream, Inc. in the United States and other countries. EMC, Data Domain, Data Protection Suite, Isilon and VMAX are trademarks or registered trademarks of EMC Corporation in the United States and other countries. All other trademarks used herein are the property of their respective owners.

    This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) risks associated with the proposed acquisition of EMC by Denali Holdings, Inc., the parent company of Dell, Inc., including, among others, assumptions related to the ability to close the acquisition, the expected closing date and its anticipated costs and benefits; (ii) adverse changes in general economic or market conditions; (iii) delays or reductions in information technology spending; (iv) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (v) competitive factors, including but not limited to pricing pressures and new product introductions; (vi) component and product quality and availability; (vii) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (viii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (ix) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (x) the ability to attract and retain highly qualified employees; (xi) insufficient, excess or obsolete inventory; (xii) fluctuating currency exchange rates; (xiii) threats and other disruptions to our secure data centers or networks; (xiv) our ability to protect our proprietary technology; (xv) war or acts of terrorism; and (xvi) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/virtustream-launches-global-hyper-scale-storage-cloud-for-seamless-enterprise-storage-extensibility-backup-and-cloud-native-object-storage-300260677.html

    EMC Corporation

    CONTACT: Lisa Desmond, Virtustream, Inc., (615) 368-7325,
    lisa.desmond@virtustream.com; Matt Coolidge, Bateman Group, (347) 410-7974,
    PR-virtustream@bateman-group.com

    Web site: http://www.emc.com/




    Honeywell And NASA Put STEM Education In 'Motion' For Washington Middle SchoolsFMA Live!, the interactive hip-hop, Newtonian physics show will visit 40 schools across six U.S. states

    MORRIS PLAINS, N.J., May 2, 2016 /PRNewswire/ -- Honeywell and NASA are proud to support their science, technology, engineering and math (STEM) education program with the award-winning, hip-hop educational experience FMA Live! Forces in Motion. The program made its return to the West Coast this month with plans to visit six states and perform at 40 public, private and military-connected middle schools.

    https://photos.prnewswire.com/prnvar/20160429/361826

    FMA Live! Forces in Motion is making a stop in Washington for the next two weeks with twelve performances in North Bend (Twin Falls Middle School), Bothell (Canyon Park Junior High School), Granite Falls (Granite Falls Middle School), Bremerton (West Hills STEM Academy), Kingston (Kingston Middle School) and Poulsbo (Poulsbo Middle School).

    The popular show incorporates hip-hop music and dancers with student volunteers and on-stage, interactive science experiments to demonstrate how physics plays a role in everyday life. Since the program's creation in 2004, the FMA Live! cast has performed before 455,000 students in more than 1,150 schools from all 48 contiguous U.S. states, as well as in Mexico and Canada.

    "It is critically important to get middle school-aged students aware of and excited about STEM topics--especially physics. We've seen FMA Live! make the introduction easier," said Donald James, NASA's associate administrator for Education. "Thanks to our collaboration with Honeywell, we're inspiring students to set their sights on future careers in the critical STEM field."

    Each performance focuses on Newton's Universal Law of Gravity and Three Laws of Motion. Named after Newton's Second Law of Motion [Force equals Mass times Acceleration], FMA Live! uses music videos and interactive scientific demonstrations to teach and inspire students to pursue STEM careers.

    Honeywell and NASA have joined the Department of Defense Education Activity (DoDEA) to bring FMA Live! Forces in Motion to military-connected schools on the West Coast this spring. On Monday, May 9, the show will make a stop at West Hills STEM Academy in Bremerton, Wash. as part of a continued commitment to provide STEM focused education assistance to students from military families. The physics-focused hip-hop program complements DoDEA's broader goals to infuse STEM curriculum and instruction across all grade levels.

    "Many of today's engineering challenges will be solved decades into the future by the next generation of engineers and scientists," said Mike Bennett, president, Honeywell Hometown Solutions. "To prepare students to become tomorrow's innovators, Honeywell invests in programs like FMA Live! to ignite that spark of inspiration in fun and relatable ways."

    The FMA Live! Forces in Motion experience features an online "Teachers' Lounge" that includes National Science Standards-based teaching resources, downloadable streaming videos, music from the show, and a comprehensive educational guide with lesson plans. This digital tool helps keep the post-show spark alive and can be incorporated into classroom learning objectives. To learn more visit FMALive.com.

    About FMA Live!
    Using live actors, hip-hop songs, music videos, interactive scientific demonstrations and video interviews with scientists and engineers from NASA's Jet Propulsion Laboratory, the show teaches Newton's Three Laws of Motion and Universal Law of Gravity.

    Honeywell and NASA created FMA Live! to inspire middle school students to explore STEM concepts and careers. The program addresses Forces and Motion learning objectives outlined by the Next Generation Science Education Standards for students in grades 5-8.

    Through Honeywell Hometown Solutions, the company has a number of award-winning programs focused on inspiring students at all grade levels to embrace STEM education. The company chose physics for FMA Live! Forces in Motion because studies have shown that the middle school years of education offer the best window of opportunity to get students interested in STEM careers.

    Supporting Resources

    --  Read more about FMA Live! Forces in Motion
    --  Visit the FMALive! Facebook page https://www.facebook.com/HoneywellAero
    --  Follow @HON_Citizenship on Twitter
    --  Follow FMA Live! on Instagram
    --  Visit Honeywell's Corporate Citizenship page
    --  Learn more about NASA's education programs
    

    For Educators

    --  The FMA Live! Forces in Motion website features a "Teachers' Lounge".
    

    About Honeywell Hometown Solutions
    FMA Live! Forces in Motion is part of Honeywell Hometown Solutions, the company's corporate citizenship initiative, which focuses on five areas of vital importance: Science & Math Education, Family Safety & Security, Housing & Shelter, Habitat & Conservation, and Humanitarian Relief. Together with leading public and non-profit institutions, Honeywell has developed powerful programs to address these needs in the communities it serves. For more information, please visit http://citizenship.honeywell.com/.

    About Honeywell
    Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; turbochargers; and performance materials. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

    About Department of Defense Education Activity (DoDEA)
    DoDEA plans, directs, coordinates, and manages pre-kindergarten through 12th grade education programs for school-aged children of Department of Defense personnel who would otherwise not have access to high-quality public education. DoDEA schools are located in Europe, the Pacific, Western Asia, the Middle East, Cuba, the United States, Guam, and Puerto Rico. DoDEA also provides support and resources to Local Educational Activities throughout the United States that serve children of military families. For more information, please visit http://www.dodea.edu/

    Honeywell and the Honeywell logo are the exclusive properties of Honeywell, are registered with the U.S. Patent and Trademark Office, and may be registered or pending registration in other countries. All other Honeywell product names, technology names, trademarks, service marks, and logos may be registered or pending registration in the U.S. or in other countries. All other trademarks or registered trademarks are the property of their respective owners. Copyright 2016 Honeywell.

    Media Contact:
    Cecilia Tejeda
    (973) 455-3450
    cecilia.tejeda@honeywell.com

    Photo - http://photos.prnewswire.com/prnh/20160429/361826

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/honeywell-and-nasa-put-stem-education-in-motion-for-washington-middle-schools-300260739.html

    Photo: https://photos.prnewswire.com/prnh/20160429/361826 Honeywell

    Web site: http://www.honeywell.com/




    Sikorsky Conducts Combat Rescue Helicopter (CRH) Air Vehicle Preliminary Design Review (PDR)Program Team Announces Commencement of Detailed Design Activities

    STRATFORD, Conn., May 2, 2016 /PRNewswire/ -- Lockheed Martin today announced the successful execution of the Combat Rescue Helicopter Program (CRH) Air Vehicle Preliminary Design Review (PDR). This important review signals that the CRH program is proceeding with detailed design activities for the HH-60W Air Vehicle and Logistics system. In addition, the team will continue toward the CRH Training Systems Preliminary Design Review in August, three months ahead of schedule.

    https://photos.prnewswire.com/prnvar/20160502/362229

    Sikorsky, a Lockheed Martin Company, and the United States Air Force (USAF) hosted a five-day meeting in April to gather stakeholders and key collaborators from government and industry for an in-depth review that demonstrated that the overall design meets the systems requirements setting the stage for the next phase of the program. Review participants included members of the Office of the Secretary of Defense, both the USAF acquisition team and representatives of the USAF operational combat rescue community, as well as the Sikorsky and Lockheed Martin industry team and several other key suppliers.

    "The successful Air Vehicle PDR confirms the program is on the right track and marks a significant step for the CRH program," said Tim Healy, Sikorsky, CRH Program Director. "Sikorsky and the USAF are well aligned in this collaboration effort and this successful PDR moves us closer to bringing this vital aircraft to the warfighter. Specifically, I am very proud of our team. They are not only operating to an accelerated schedule, but the preliminary design that we have achieved here has well prepared us for detailed aircraft design and subsequent production. Our Training team is also executing extremely well and will be conducting the PDR for the Training System three months earlier than originally scheduled. This will further reduce our risk to achieving the USAF accelerated schedule for CRH and delivering this critical capability to the AF rescue crews faster. We are keenly aware that they are in combat every day, and that every day we can accelerate getting the HH-60W into their hands reduces the risks that they face on our nation's behalf."

    The U.S. Air Force awarded Sikorsky the Combat Rescue Helicopter contract in June 2014.

    The $1.2 billion Engineering Manufacturing & Development (EMD) contract includes development and integration of the next generation combat rescue helicopter and mission systems, including delivery of four HH-60W helicopters, as well as six aircrew and maintenance training systems. The training suite includes devices that span full motion simulators and discrete aircraft systems used for training, such as hoist and landing gear.

    The USAF Program of Record calls for 112 helicopters to replace the Air Force's rapidly aging HH-60G Pave Hawk helicopters, which perform critical combat search and rescue and personnel recovery operations for all U.S. military services.

    The HH-60W is an advanced variant of the UH-60M Black Hawk helicopter design and features increased internal fuel capability, allowing for greater range, and an increase in cabin space. The CRH aircraft will feature GE T700-701D engines, composite wide-cord main rotor blades and fatigue and corrosion-resistant machined aero-structures to sustain maneuverability at high density altitudes. The design includes an advanced Tactical Mission Kit integrating multiple sensors, data links, defensive systems, and other sources of intelligence information for use by combat rescue aircrews.

    In 2015, the CRH program conducted the Training System Requirements Review (SRR) and System Functional Review (SFR) as well as the Air Vehicle SFR and SRR.

    J. David Schairbaum, USAF, System Program Manager, CRH, said, "Achieving the Air Vehicle PDR milestone is pivotal for our program. Successful execution of the CRH program is essential to meet the continued demanding personnel recovery mission in today's challenging operational environment. We are working closely with Sikorsky to assure this newly designed aircraft is delivered to the warfighter on schedule and within cost."

    Lockheed Martin will outfit the aircraft with its mission planning system, defensive systems, data links, mission computers, adverse weather sensors and system integration of all CRH-unique subsystems.

    For additional information, visit our website: www.lockheedmartin.com

    About Lockheed Martin

    Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 125,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

    http://photos.prnewswire.com/prnvar/20141118/159313LOGO

    Photo - http://photos.prnewswire.com/prnh/20160502/362229

    Logo - http://photos.prnewswire.com/prnh/20141118/159313LOGO

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sikorsky-conducts-combat-rescue-helicopter-crh-air-vehicle-preliminary-design-review-pdr-300260823.html

    Photo: https://photos.prnewswire.com/prnh/20160502/362229
    http://photos.prnewswire.com/prnh/20141118/159313LOGO Lockheed Martin

    CONTACT: Erin Cox, 203-414-5852: erin.m.cox@lmco.com

    Web site: http://www.lockheedmartin.com/




    New Software Expands EMC Copy Data Management Portfolio, Modernizing Primary and Protection Storage EfficiencyHelps Customers Tackle Data Sprawl and Reduce Storage Costs

    LAS VEGAS, May 2, 2016 /PRNewswire/ -- EMC WORLD

    https://photos.prnewswire.com/prnvar/20160501/362076

    NEWS HIGHLIGHTS:

    --  EMC introduces Enterprise Copy Data Management (eCDM) software,
    expanding EMC's portfolio to address growing challenge of copy sprawl
    --  New eCDM software modernizes primary storage and protection efficiency
    with pan-enterprise data management software and cloud-based analytics
    service
    --  Enables organizations to discover, automate and optimize copy data to
    reduce costs and streamline operations
    

    CONNECT WITH US:

    --  Session Streaming: For video of keynotes, general sessions, backstage
    sessions, and EMC TV coverage, click here
    --  Social: Follow @EMCWorld, @EMCCorp, @EMC_News and @EMCProtectData and
    join conversations with #EMCWORLD, and like EMC on Facebook
    --  Photos: Access event photos via Flickr
    --  Live Chat: Click here to join the "Ask Me Anything" CrowdChat with
    Jeremy Burton, President of Products and Marketing, on Tues., May 3 at
    12:00 PM PDT/ 3:00PM EDT
    --  News: View additional related news from the EMC Pulse Blog or visit the
    special EMC World News microsite here
    --  Reflections: Read Core Technologies President, Guy Churchward's
    Reflections post on today's announcements here
    --  eCDM: Visit The Core Blog and learn more about eCDM
    

    FULL STORY:

    EMC Corporation today announced EMC Enterprise Copy Data Management (eCDM), new software that enables organizations to regain control of the spiraling costs of storing and managing multiple copies of the same data. Despite the exponential reduction in the per-gigabyte cost of storage, total storage costs can rise as lightweight, zero-cost snaps drive behaviors that encourage businesses to create and keep multiple copies of the same data. Just as the 'cc' function in email can make it too easy to create data sprawl in the email inbox, unmonitored snaps can cause the same problem in the data center. IDC estimates that, by 2018, global businesses will waste $51B(i) storing data on the wrong tier of storage, or storing data they no longer need. eCDM provides companies with a pan-enterprise solution to streamline their processes for monitoring, managing and analyzing copy data.

    Individual administrators, by necessity, continue to create copies of data to meet their needs including data protection, operations, test/dev and analytics. Without governance of this self-service copy creation, 82% of businesses now have at least 10 copies of any single production instance of data. eCDM specifically addresses the inefficiencies and related challenges created by this dynamic, enabling businesses to maximize infrastructure efficiency to reduce costs.

    Discovery and Automation

    eCDM helps modernize operations through automated copy data monitoring and management. With user-defined service plans, organizations can ensure they are storing the right number of copies in the right place, and deliver consistent service levels across the business.

    Unlike traditional copy data management products, eCDM is non-disruptive and provides a holistic view of copy data, while still empowering self-service copy creation. eCDM extends the native efficiencies available within EMC arrays, such as VMAX((R)) All Flash, XtremIO((R)) and Data Domain((R)) systems, to discover existing copies across primary and protection storage without introducing new infrastructure or complexity. This provides a global overview while still enabling storage and database admins to create and use copies from their native utilities such as Oracle RMAN and storage integrated copy data management.

    Optimization

    EMC Enterprise Copy Data Analytics (eCDA), a new analytics-as-a-service offering designed to complement eCDM, will provide insight to proactively optimize infrastructure. EMC eCDA will enable data-driven decision making, including actionable recommendations and service plan modifications to further maximize efficiency.

    Availability

    Available in Q3, eCDM will initially focus on addressing copy sprawl in EMC systems, including visibility into VMAX All Flash, EMC VMAX3((TM)), XtremIO and EMC Data Domain systems. eCDA will be available in Q32016.

    Customer Quote:
    James O'Neil, Chief Technology Officer, First National Technology Solutions

    "At First National Technology Solutions, we're committed to offering the best data center services possible, so we are always working to deliver simple tools that allow our customers to take the complexity out of managing storage through the lifecycle of their data. With EMC Enterprise Copy Data Management, we can now provide our customers with more insight into their data, empowering them to make informed decisions about what they're storing and for how long. We expect this to help our customers to avoid data sprawl as well as monitoring protection compliance. Plus, being able to optimize for the right storage platform helps us to control costs, so we're able to provide competitive pricing as well as additional benefits to our customers."

    Analyst Quote:
    Phil Goodwin, Research Director, Storage Systems and Software Practice

    "Businesses are facing a massive challenge when it comes to copy data. The low cost of storage means that many organizations have taken a relaxed attitude to the number of copies of data stored, but with data volumes continuing to spiral, the financial advantage of addressing the issues becomes significant. Furthermore, knowing that you don't have enough copies on the right storage of critical data to meet service level objectives is a business-critical issue. Solutions like eCDM are designed to help businesses start addressing these challenges now, before they spiral out of control."

    Executive quote:
    Beth Phalen, Senior Vice President of Data Protection and Availability Solutions, Core Technologies, EMC Corporation

    "To modernize business processes, customers need a complete vision of all the data across the organization - no gaps, no silos, no misinformation. eCDM links together a complete picture of the copy data across a business from primary to protection storage, ensuring customers have the right copies of the right data in the right place. eCDM is the first product to bridge the gap between data protection and data management, addressing the pressing challenge of ensuring the right levels of protection while also addressing copy data sprawl; helping organizations dramatically reduce cost while increasing confidence that their data is protected consistently and completely."

    About EMC

    EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing. Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset -- information -- in a more agile, trusted and cost-efficient way. Additional information about EMC can be found at www.EMC.com.

    Enterprise Copy Data Management, Data Domain, VMAX, VMAX3 XtremIO and EMC are trademarks or registered trademarks of EMC Corporation in the United States and/or other countries. All other trademarks used are the property of their respective owners.

    This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) risks associated with the proposed acquisition of EMC by Denali Holdings, Inc., the parent company of Dell, Inc., including, among others, assumptions related to the ability to close the acquisition, the expected closing date and its anticipated costs and benefits; (ii) adverse changes in general economic or market conditions; (iii) delays or reductions in information technology spending; (iv) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (v) competitive factors, including but not limited to pricing pressures and new product introductions; (vi) component and product quality and availability; (vii) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (viii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (ix) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (x) the ability to attract and retain highly qualified employees; (xi) insufficient, excess or obsolete inventory; (xii) fluctuating currency exchange rates; (xiii) threats and other disruptions to our secure data centers or networks; (xiv) our ability to protect our proprietary technology; (xv) war or acts of terrorism; and (xvi) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.

    (i) IDC Insight - The Copy Data Problem: Analysis Update - Phil Goodwin Ashish Nadkarni February 2015, IDC #254354 Reference approved by IDC

    Photo - http://photos.prnewswire.com/prnh/20160501/362076

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/new-software-expands-emc-copy-data-management-portfolio-modernizing-primary-and-protection-storage-efficiency-300260683.html

    Photo: https://photos.prnewswire.com/prnh/20160501/362076 EMC Corporation

    CONTACT: Jen Sorenson, 508-249-6837, jen.sorenson@emc.com

    Web site: http://www.emc.com/




    Donegal Insurance Selects VUE Software to Transform Producer Digital Experience

    COCONUT CREEK, Fla., May 2, 2016 /PRNewswire/ -- VUE Software announced today that Pennsylvania-based P&C Insurer Donegal Insurance Group is optimizing its Producers' digital experience with VUE Software's Distribution Management Suite. "Enhancing our distribution technology will provide our producers with ready access to essential business information and will improve customer interaction," said Sanjay Pandey, Chief Information Officer at Donegal Insurance Group.

    https://photos.prnewswire.com/prnvar/20141216/164797LOGO

    With more than 125 years providing quality insurance protection to its policyholders, Donegal Insurance Group prides itself as a technology leader that continues to ensure excellence in information exchange with their insurance agencies. This A-rated (A.M. Best) company believes having the best technology will ensure their producers and insurance customers access to the best tools and services. Donegal continues to update their system with cutting-edge solutions. The VUE Software Distribution Management Suite comprises a collection of modern, robust business applications that automate the entire insurance-distribution process and offer maximum business value.

    Sanjay Pandey, Chief Information Officer at Donegal Insurance Group stated, "VUE Software's company culture aligns with our belief in continuous technological improvement and commitment to enhancing the digital experience. Their leading-edge technology offers the flexibility, configurability, and scalability we require as a forward-thinking, customer-focused insurance company."

    About Donegal Insurance Group
    Based in Marietta, Pennsylvania, Donegal Insurance Group consists of nine property and casualty insurance companies that provide full lines of personal, farm, and commercial insurance in various regions in the country through a network of independent insurance agencies. The Donegal Insurance Group includes Donegal Mutual Insurance Company and the insurance subsidiaries of Donegal Group Inc. . For more information about Donegal Insurance Group, please visit www.donegalgroup.com

    About VUE Software(R)
    VUE Software, the Distribution Modernization Company for insurance carriers and distributors, provides incentive compensation management, compliance management, onboarding, and sales performance software solutions. Backed by over 24 years of insurance experience, VUE Software solutions are built exclusively for the insurance industry to meet the unique needs of life, health, and property & casualty. VUE Software is 100% insurance specific and does not re-purpose technology developed from other industries to fit the insurance vertical. A single platform, VUE Software was built from the ground up using a rules-logic approach, offering clients a lower total cost of ownership and seamless integration with their systems. For more information about VUE Software, please call 1.877.488.3763

    Additional Resources:
    Distribution Management Suite
    Producer Onboarding
    Producer Management & Compliance
    Producer Compensation
    Agency Relationship Management
    Producer Self-Service Portal

    Media Contact:
    Michael Palmisano
    Vice President of Marketing
    954-333-2313

    VUE Software
    4800 Lyons Technology Parkway, Suite 4
    Coconut Creek, FL 33073
    Web: http://www.vuesoftware.com
    Blog: http://www.vuesoftware.com/blog
    LinkedIn: www.linkedin.com/company/vue-software
    Google+: https://plus.google.com/+Vuesoftware
    Facebook: www.facebook.com/vuesoftware
    Twitter: @VUESoftware @CSSI_Solutions

    All other registered trademarks, trademarks, or service marks belong to their respective companies.

    Logo - http://photos.prnewswire.com/prnh/20141216/164797LOGO

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/donegal-insurance-selects-vue-software-to-transform-producer-digital-experience-300260867.html

    Photo: https://photos.prnewswire.com/prnh/20141216/164797LOGO VUE Software

    Web site: http://www.vuesoftware.com/

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