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DUBLIN - Tuesday, May 7th 2013 [ME NewsWire]

(BUSINESS WIRE/ME NewsWire)-- Covidien (NYSE:COV) today announced 2013 full year guidance for Mallinckrodt plc as Mallinckrodt prepares to spin off from Covidien to become a separate, publicly traded company in mid-2013.

Mallinckrodt’s fiscal year will end on September 27, 2013, with net sales growth expected to be in the range of 7% to 11% versus 2012, assuming foreign exchange rates at current levels. Net sales are expected to be up 21% to 25% in Mallinckrodt’s Specialty Pharmaceuticals segment and to decline 3% to 7% in its Global Medical Imaging segment.

For fiscal 2013, Mallinckrodt expects adjusted EBITDA1 as a percentage of sales,2 to be in the range of 17% to 21%. The guidance ranges for adjusted EBITDA reflect the financial results for one quarter of Mallinckrodt operating as a standalone, public company and three quarters reflecting the business as historically managed part of Covidien prior to the separation.< ... Read more »
Views: 310 | Added by: africa-live | Date: 05.07.2013 | Comments (0)

Pending Acquisition Expected to Extend the Success of McAfee’s Security Connected Strategy

SANTA CLARA, Calif. - Monday, May 6th 2013 [ME NewsWire]

(BUSINESS WIRE)-- McAfee today announced the execution of a definitive agreement to initiate a conditional tender offer for the acquisition of Stonesoft Oyj (NASDAQ OMX Helsinki: SFT1V), a leading innovator in next-generation network firewall products, for an aggregate equity value of approximately $389 million in cash.

Stonesoft delivers software-based, dynamic, customer-driven, cyber security solutions to secure information flow and simplify security management. Stonesoft’s product portfolio of next-generation firewalls, evasion prevention systems, and SSL VPN solutions addresses businesses of all sizes. Through the pending acquisition of Stonesoft, McAfee expects to extend its leadership position in network security.

"With the pending addition of Stonesoft’s products and services, McAfee is making a significan ... Read more »
Views: 427 | Added by: uaeonlinenews | Date: 05.07.2013

BURBANK, Calif. - Monday, May 6th 2013 [ME NewsWire]

(BUSINESS WIRE)-- Phoenix Audio Technologies, a world leader in real time audio solutions, today announced the expansion of its relationship with Vidyo Inc., a world leader in personal telepresence and video conferencing solutions.

Vidyo has chosen Phoenix’s Quattro3 as the only audio solution to be bundled with its HD100 video conferencing product, for users worldwide.

"We are excited to be chosen by Vidyo and believe that the Quattro3 is the right audio accessory for the HD100 room system,” said Jacob Marash, Phoenix Audio Technologies’ COO. "We see this expansion of the cooperation between our two companies as a great way to offer the end-user an optimal and complete conferencing solution”.

"Vidyo believes the combination of Quattro 3’s powerful audio technology enhances Vidyo’s innovative room systems offering,” said Yossi Massafi, Senior VP Worldwide Sales Operations, Vidyo. "We are delighted to be wo ... Read more »
Views: 303 | Added by: uaeonlinenews | Date: 05.07.2013


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