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U.S. Patents Awarded to Inventors in North Carolina (May 15)

admin — Mon, 20 May 2013 05:15:48 +0000

U.S. Patents Awarded to Inventors in North Carolina (May 15)

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ALEXANDRIA, Va., May 15 — The following federal patents were awarded to inventors in North Carolina.

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Activision Publishing Assigned Patent

ALEXANDRIA, Va., May 15 — Activision Publishing, Santa Monica, Calif., has been assigned a patent (8,442,946) developed by six co-inventors for "controlling and using virtual universe wish lists." The co-inventors are Rick A. Hamilton II, Charlottesville, Va., James R. Kozloski, New Fairfield, Conn., Brian M. O'Connell, Cary, N.C., Clifford A. Pickover, Yorktown Heights, N.Y., James W. Seaman, Falls Church, Va., and Keith R. Walker, Austin, Texas.

The abstract of the patent published by the U.S. Patent and Trademark Office states: "Described herein are examples of a virtual universe wish list as well as its control and use. Some embodiments are directed to determining a selection of an object in a virtual universe that is a desired by a user, which user is represented by a first avatar. Some embodiments are further directed to designating the object as a desired item in a wish list for the first avatar. The wish list may be stored in the avatar's virtual universe inventory. Some embodiments are further directed to determining a second avatar in the virtual universe that possesses an instance of the virtual object. Some embodiments are further directed to generating an advertisement to obtain the instance of the virtual object from the second avatar on behalf of the first avatar."

The patent application was filed on March 29, 2012 (13/433,593). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=8,442,946&OS=8,442,946&RS=8,442,946

Written by Arpi Sharma; edited by Anand Kumar.

***

Branch Banking and Trust Assigned Patent

ALEXANDRIA, Va., May 15 — Branch Banking and Trust, Raleigh, N.C., has been assigned a patent (8,442,854) developed by Robert Russell Lawton, Madison, N.C., and Guenther Kurt Hartfeil, Cornelius, N.C., for a "system and method for estimating residual lifetime value of a customer base utilizing survival analysis."

The abstract of the patent published by the U.S. Patent and Trademark Office states: "The present disclosure describes novel systems and methods that can be utilized to evaluate and/or direct an interaction with a consumer database and/or evaluate a consumer database, where the consumer database contains information about consumers and particular products and/or services held or used by the consumers. The interactions may be, for example, determining a strategy for sales, marketing, cross-selling, and/or retaining one or more of the consumers. The evaluations may include, for example, hierarchically ranking the consumers and/or determining a clustering of the consumers."

The patent application was filed on Dec. 6, 2012 (13/706,512). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=84,42,854.PN.&OS=PN/84,42,854&RS=PN/84,42,854

Written by Amal Ahmed; edited by Jaya Anand.

***

International Business Machines Assigned Patent

ALEXANDRIA, Va., May 15 — International Business Machines, Armonk, N.Y., has been assigned a patent (8,442,851) developed by Corinne M. Ryan, Westford, Mass., and Ruthie D. Lyle, Durham, N.C., for "providing feedback to a chairperson in an electronic meeting scheduling system in order to enable improved meeting resource management."

The abstract of the patent published by the U.S. Patent and Trademark Office states: "A system for providing feedback to a chairperson in an electronic meeting scheduling system to enable improved meeting resource management, in which a chairperson can indicate the attendance modes that are permitted for specific invitees to a meeting. The meeting invitations indicate to the invitees the attendance modes they are permitted to use. Meeting invitees are presented with user interface options allowing them to select from potentially multiple attendance modes, determined in response to inputs from the chairperson, and/or in response to information describing resources. As meeting resources are allocated to accepting invitees, those resources become unavailable for selection by subsequently accepting invitees. Meeting acceptances are collected such that indications of how accepting attendees will attend the meeting are made available in a chairperson interface so that the chairperson can adjust resources allocated for the meeting to reflect how accepting attendees are planning to attend."

The patent application was filed on July 20, 2007 (11/780,566). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=84,42,851.PN.&OS=PN/84,42,851&RS=PN/84,42,851

Written by Amal Ahmed; edited by Jaya Anand.

***

Bank of America Assigned Patent

ALEXANDRIA, Va., May 15 — Bank of America, Charlotte, N.C., has been assigned a patent (8,442,894) developed by Jason Blackhurst, Charlotte, N.C., and Michael W. Upton, Charlotte, N.C., for a "guaranteed merchant payment in a card-not-present transaction."

The abstract of the patent published by the U.S. Patent and Trademark Office states: "Embodiments of the invention provide for systems, devices, apparatus, methods and computer program products for payment card-issuing entities to guarantee merchant payment in card-not-present-transactions and, more specifically, automatically guaranteeing merchant payment in card-not-present transactions based on the payment card-issuing entity authenticating the customer prior to the transactions. By guaranteeing merchant payment in card-not-present transactions, the merchant's risk associated with such transaction is greatly reduced."

The patent application was filed on Jan. 25, 2011 (13/013,684). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=84,42,894.PN.&OS=PN/84,42,894&RS=PN/84,42,894

Written by Amal Ahmed; edited by Jaya Anand.

***

Cisco Technology Assigned Patent

ALEXANDRIA, Va., May 15 — Cisco Technology, San Jose, Calif., has been assigned a patent (8,443,262) developed by John A. Foley, Apex, N.C., for an "adaptive memory scrub rate."

The abstract of the patent published by the U.S. Patent and Trademark Office states: "In one embodiment an example apparatus includes a memory with an error detection system (EDS) that detects an error event in the memory. The error event involves at least one bit in the memory changing state erroneously. The apparatus also includes a scrub logic to scrub the memory and correct memory errors (e.g., bit errors). The apparatus also includes a scrub rate adaptive logic to selectively control a memory scrub frequency associated with the scrub logic where the control is based, at least in part, on a number of error events detected by the EDS during an interval of time. A memory scrub frequency is the rate that a memory is periodically scrubbed to remove errors."

The patent application was filed on July 17, 2012 (13/551,451). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=8,443,262.PN.&OS=PN/8,443,262&RS=PN/8,443,262

Written by Kusum Sangma; edited by Anand Kumar.

***

Midtronics Assigned Patent

ALEXANDRIA, Va., May 15 — Midtronics, Willowbrook, Ill., has been assigned a patent (8,442,877) developed by Kevin I. Bertness, Batavia, Ill., and John S. Philbrook, Cornelius, N.C., for a "simplification of inventory management."

The abstract of the patent published by the U.S. Patent and Trademark Office states: "A simplified inventory management method. The method employs a plurality of stock-keeping unit labels, with each of the plurality of stock-keeping unit labels having a same stock-keeping unit number. Individual ones of the plurality of stock-keeping unit labels are utilized to track individual items of a plurality of items. A sale price of individual ones a first set of the plurality of items is different from a sale price of individual ones of a second set of the plurality of items."

The patent application was filed on April 1, 2009 (12/416,445). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=84,42,877.PN.&OS=PN/84,42,877&RS=PN/84,42,877

Written by Amal Ahmed; edited by Jaya Anand.

***

Qualcomm Assigned Patent for Methods and Apparatus for Dynamically Managing Banked Memory

ALEXANDRIA, Va., May 15 — Qualcomm, San Diego, has been assigned a patent (8,443,162) developed by Thomas Philip Speier, Holly Springs, N.C., James Norris Dieffenderfer, Apex, N.C., and Ravi Rajagopalan, Cary, N.C., for "methods and apparatus for dynamically managing banked memory."

The abstract of the patent published by the U.S. Patent and Trademark Office states: "Techniques for controllably allocating a portion of a plurality of memory banks as cache memory are disclosed. To this end, a configuration tracker and a bank selector are employed. The configuration tracker configures whether each memory bank is to operate in a cache or not. The bank selector has a plurality of bank distributing functions. Upon receiving an incoming address, the bank selector determines the configuration of memory banks currently operating as the cache and applies an appropriate bank distributing function based on the configuration of memory banks. The applied bank distributing function utilizes bits in the incoming address to access one of the banks configured as being in the cache."

The patent application was filed on Jan. 21, 2005 (11/040,600). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=8,443,162.PN.&OS=PN/8,443,162&RS=PN/8,443,162

Written by Kusum Sangma; edited by Anand Kumar.

***

International Business Machines Assigned Patent for Automated Voltage Control for Scheduled Server Outage

ALEXANDRIA, Va., May 15 — International Business Machines, Armonk, N.Y., has been assigned a patent (8,443,220) developed by James C. Fletcher, Apex, N.C., and David L. Kaminsky, Chapel Hill, N.C., for an "automated voltage control for scheduled server outage in server cluster by determining future workload increase for remaining servers based upon service level objectives and determining associated voltage adjustments."

The abstract of the patent published by the U.S. Patent and Trademark Office states: "Information regarding a scheduled outage for a server associated with a cluster of servers is received at a voltage regulation system (VRS) for the cluster of servers. A work load increase is determined for each remaining server within the cluster of servers due to the scheduled outage for the server. A voltage adjustment is calculated for each remaining server based upon the determined work load increase for each remaining server. Voltage for each remaining server is automatically adjusted based upon the calculated voltage adjustment."

The patent application was filed on Sept. 17, 2009 (12/561,524). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=8,443,220.PN.&OS=PN/8,443,220&RS=PN/8,443,220

Written by Kusum Sangma; edited by Anand Kumar.

***

International Business Machines Assigned Patent for Power Management Module Enforcing Computer Power Capping By Reading Power Cap Information from Nameplate having Both Machine Readable Module and Human Readable Designation for Providing Such Information

ALEXANDRIA, Va., May 15 — International Business Machines, Armonk, N.Y., has been assigned a patent (8,443,210) developed by five co-inventors for a "power management module enforcing computer power capping by reading power cap information from nameplate having both machine readable module and human readable designation for providing such information." The co-inventors are Justin P. Bandholz, Cary, N.C., Thomas M. Brey, Cary, N.C., Nickolas J. Gruendler, Pflugerville, Texas, William G. Pagan, Durham, N.C., and William J. Piazza, Holly Springs, N.C.

The abstract of the patent published by the U.S. Patent and Trademark Office states: "A nameplate for power capping a computer including a mounting surface; a module integrated in the mounting surface for providing a machine-readable designation of a power cap for a particular computer; a human readable designation of a power cap for the particular computer integrated in the mounting surface; and a mount for attaching the mounting surface to a chassis of the particular computer such that the human readable designation of a power cap is exposed."

The patent application was filed on Sept. 17, 2009 (12/561,591). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=8,443,210.PN.&OS=PN/8,443,210&RS=PN/8,443,210

Written by Kusum Sangma; edited by Anand Kumar.

***

EMC Assigned Patent

ALEXANDRIA, Va., May 15 – EMC, Hopkinton, Mass., has been assigned a patent (8,443,163) developed by six co-inventors for "methods, systems, and computer readable medium for tier-based data storage resource allocation and data relocation in a data storage array." The co-inventors are Charles Christopher Bailey, Durham, N.C., Prabu Surendra, Vellore, India, Miles Aram de Forest, Bahama, N.C., David Haase, Fuquay Varina, N.C., Samuel Mullis, Raleigh, N.C., and Dean Herington, Hillsborough, N.C.

The abstract of the patent published by the U.S. Patent and Trademark Office states: "According to one aspect, the subject matter described herein includes a method for tier-based slice allocation and data relocation in a data storage array. The method is performed at a data storage array including physical data storage capacity being logically divided into one or more logical units (LUs) and each of the one or more LUs being further subdivided into one or more slices, where the data storage array includes a resource pool being divided into a plurality of resource groupings, where each resource grouping includes one or more resources of a common type. The method includes receiving a slice allocation request for allocating a slice from the data storage array, where the slice allocation request includes at least one constraint. In response to receiving the slice allocation request, a slice that honors the at least one constraint is allocated."

The patent application was filed on June 28, 2010 (12/824,816). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=8,443,163.PN.&OS=PN/8,443,163&RS=PN/8,443,163

Written by Kusum Sangma; edited by Anand Kumar.

***

Red Hat Assigned Patent for Systems and Methods for Tracking a History of Changes Associated with Software Packages in a Computing System

ALEXANDRIA, Va., May 15 — Red Hat, Raleigh, N.C., has been assigned a patent (8,443,361) developed by four co-inventors for "systems and methods for tracking a history of changes associated with software packages in a computing system." The co-inventors are Seth Kelby Vidal, Raleigh, N.C., Adrian Karstan Likins, Raleigh, N.C., Michael Paul DeHaan, Morrisville, N.C., and James Antill, Bristol, Conn.

The abstract of the patent published by the U.S. Patent and Trademark Office states: "In order to track actions performed by a package manager, a computing system can be configured to include a tagging tool. The tagging tool can be configured to cooperate with the package manager in order to determine and generate a history of the actions performed by the package manager. The history can include a description of the actions, the reasons why the actions were performed, and a list and description of the software programs, files, and software libraries that are affected by the actions."

The patent application was filed on Aug. 31, 2009 (12/551,475). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=8,443,361&OS=8,443,361&RS=8,443,361

Written by Satyaban Rath; edited by Hemanta Panigrahi.

***

International Business Machines Assigned Patent for Session Life-cycle Quality-of-experience Orchestration for VOD Flows in Wireless Broadband Networks

ALEXANDRIA, Va., May 15 — International Business Machines, Armonk, N.Y., has been assigned a patent (8,443,404) developed by five co-inventors for a "session life-cycle quality-of-experience orchestration for VOD flows in wireless broadband networks." The co-inventors are Malolan Chetlur, Domlur, India, Umamaheswari C. Devi, Domlur, India, Shivkumar Kalyanaraman, Bangalore, India, Sumedh W. Sathaye, Research Triangle Park, N.C., and John Michael Tracey, Hawthorne, N.Y.

The abstract of the patent published by the U.S. Patent and Trademark Office states: "A network system includes a connectivity services network (CSN), a plurality of access service network gateways, a plurality of base stations, an orchestration device, executing a lifecycle quality-of-experience model for video-on-demand flows, receiving content from the CSN, and a plurality of subscriber stations in communication with the orchestration device through a base station and/or gateway, wherein the orchestration device continuously tracks past service and usage for each of the subscriber stations and predicts future channel conditions and load to determine, periodically or when triggered by critical events, many-to-one assignments from subscriber stations to base stations and allocation of base station resources to subscriber stations assigned to it."

The patent application was filed on May 3, 2010 (12/772,560). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=8,443,404&OS=8,443,404&RS=8,443,404

Written by Satyaban Rath; edited by Hemanta Panigrahi.

***

International Business Machines Assigned Patent for Method and Apparatus for Repositioning a Horizontally or Vertically Maximized Display Window

ALEXANDRIA, Va., May 15 — International Business Machines, Armonk, N.Y., has been assigned a patent (8,443,298) developed by Robert S. Hoblit, Raleigh, N.C., for a "method and apparatus for repositioning a horizontally or vertically maximized display window."

The abstract of the patent published by the U.S. Patent and Trademark Office states: "A method, apparatus, and computer usable program to reposition a display window that has been adjusted along a dimension. The method includes displaying a display window on a desktop, the display window having a first boundary, a second boundary opposite the first boundary, a third boundary about perpendicular to the first boundary, and a fourth boundary opposite the third boundary. The method further includes receiving a resize command and, responsive to receiving the resize command, moving the first boundary with respect to a first window limit and moving the second boundary with respect to a second window limit. The method includes receiving a reposition command and, responsive to receiving the reposition command, moving the third and fourth boundaries of the resized display window while maintaining the fixed distance between the third and fourth boundaries and maintaining the position of the first and second boundaries with respect to the first and second window limits."

The patent application was filed on Oct. 2, 2007 (11/866,156). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=8,443,298&OS=8,443,298&RS=8,443,298

Written by Satyaban Rath; edited by Hemanta Panigrahi.

***

EMC Assigned Patent for Method and System for Dynamically Selecting a Best Resource from Each Resource Collection Based on Resources Dependencies, Prior Selections and Statistics to Implement an Allocation Policy

ALEXANDRIA, Va., May 15 — EMC, Hopkinton, Mass., has been assigned a patent (8,443,369) developed by six co-inventors for a "method and system for dynamically selecting a best resource from each resource collection based on resources dependencies, prior selections and statistics to implement an allocation policy." The co-inventors are Charles Christopher Bailey, Durham, N.C., Miles Aram de Forest, Bahama, N.C., Michael Burriss, Raleigh, N.C., David Haase, Fuquay Varina, N.C., Dipak Prasad, Raleigh, N.C., and Brandon Myers, Cary, N.C.

The abstract of the patent published by the U.S. Patent and Trademark Office states: "Systems, methods, and computer readable medium for optimizing storage allocations based on system resources are disclosed. According to one aspect, the subject matter described herein includes a method for dynamic, policy-based allocation of system resources. The method includes specifying a plurality of system resource collections for representing sets of like system resources and their dependencies. An order in which the collections are to be evaluated during selection of a resource is also specified. A policy for determining the best resource within each collection is also specified. Statistics about the system resources in the collections are maintained. A request for a resource is received. In response to receiving the request, the collections are evaluated in the specified order. The best resource is selected from each collection based on the dependencies, prior selections, and statistics to implement the policy."

The patent application was filed on June 30, 2008 (12/164,959). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=8,443,369&OS=8,443,369&RS=8,443,369

Written by Satyaban Rath; edited by Hemanta Panigrahi.

***

International Business Machines Assigned Patent for Method, system and program product for assigning a responder to a requester in a collaborative environment

ALEXANDRIA, Va., May 15 — International Business Machines, Armonk, N.Y., has been assigned a patent (8,443,048) developed by Charles Steven Lingafelt, Durham, N.C., David Paul Merrill, New Paltz, N.Y., and John Elbert Moore, Brownsburg, Ind., for a "method, system and program product for assigning a responder to a requester in a collaborative environment."

The abstract of the patent published by the U.S. Patent and Trademark Office states: "A method, system and program product for assigning a resource to a client in a collaborative environment. The method includes defining, using a tool, a threshold value for collaborative attributes for each resource responding to one or more clients and calculating on a periodic basis, using the tool, an updated value for the collaborative attributes for each resource. The method further includes comparing, upon receipt of a collaboration request, the updated value with the threshold value defined for collaborative attributes for a first resource and, if the updated value is less than the threshold value for the first resource, connecting the client to the first resource for establishing a collaborative session. If not, repeating comparing the updated value with the threshold value for the collaborative attributes defined for a next resource and connecting the client to the next resource whose updated value is less than the threshold value."

The patent application was filed on Aug. 1, 2012 (13/564,377). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=8,443,048&OS=8,443,048&RS=8,443,048

Written by Arpi Sharma; edited by Anand Kumar.

For more information about Targeted News Service products and services, please contact: Myron Struck, editor, Targeted News Service LLC, Springfield, Va., 703/304-1897; editor@targetednews.com; http://targetednews.com.

-1124943

U.S. Patents Awarded to Inventors in North Carolina (May 15)

admin — Mon, 20 May 2013 05:15:47 +0000

U.S. Patents Awarded to Inventors in North Carolina (May 15)

(Targeted News Service Via Acquire Media NewsEdge) Targeted News Service
Targeted News Service

ALEXANDRIA, Va., May 15 — The following federal patents were awarded to inventors in North Carolina.

***

Activision Publishing Assigned Patent

Written by Arpi Sharma; edited by Anand Kumar.

***

Branch Banking and Trust Assigned Patent

Written by Amal Ahmed; edited by Jaya Anand.

***

International Business Machines Assigned Patent

Written by Amal Ahmed; edited by Jaya Anand.

***

Bank of America Assigned Patent

Written by Amal Ahmed; edited by Jaya Anand.

***

Cisco Technology Assigned Patent

ALEXANDRIA, Va., May 15 — Cisco Technology, San Jose, Calif., has been assigned a patent (8,443,262) developed by John A. Foley, Apex, N.C., for an "adaptive memory scrub rate."

Written by Kusum Sangma; edited by Anand Kumar.

***

Midtronics Assigned Patent

Written by Amal Ahmed; edited by Jaya Anand.

***

Qualcomm Assigned Patent for Methods and Apparatus for Dynamically Managing Banked Memory

Written by Kusum Sangma; edited by Anand Kumar.

***

International Business Machines Assigned Patent for Automated Voltage Control for Scheduled Server Outage

Written by Kusum Sangma; edited by Anand Kumar.

***

Written by Kusum Sangma; edited by Anand Kumar.

***

EMC Assigned Patent

Written by Kusum Sangma; edited by Anand Kumar.

***

Red Hat Assigned Patent for Systems and Methods for Tracking a History of Changes Associated with Software Packages in a Computing System

Written by Satyaban Rath; edited by Hemanta Panigrahi.

***

International Business Machines Assigned Patent for Session Life-cycle Quality-of-experience Orchestration for VOD Flows in Wireless Broadband Networks

Written by Satyaban Rath; edited by Hemanta Panigrahi.

***

International Business Machines Assigned Patent for Method and Apparatus for Repositioning a Horizontally or Vertically Maximized Display Window

Written by Satyaban Rath; edited by Hemanta Panigrahi.

***

Written by Satyaban Rath; edited by Hemanta Panigrahi.

***

International Business Machines Assigned Patent for Method, system and program product for assigning a responder to a requester in a collaborative environment

Written by Arpi Sharma; edited by Anand Kumar.

-1124943

Atlantis Computing secures $20 million in Series D funding

admin — Mon, 20 May 2013 05:15:45 +0000

Atlantis Computing secures $20 million in Series D funding

May 15, 2013 (Datamonitor Financial Deals Tracker via COMTEX) –
Atlantis Computing, Inc., a US-based provider of virtual desktop infrastructure storage and performance optimization solutions, has secured $20 million in Series D funding led by Adams Street Partners, LLC.

Previous investors Cisco Systems, Inc., El Dorado Ventures and Partech International also participated in the financing.

Deal Value (US$ Million) 20
Deal Type Venture Finance
Sub-Category Growth Capital/Expansion
Deal Status Completed: 2013-05-15
Deal Participants
Target (Company) Atlantis Computing, Inc.

Acquirer (Company) Cisco Systems, Inc.

Deal Rationale
The funding will be used to support the Atlantis' worldwide expansion.

Atlantis Computing secures $20 million in Series D funding

admin — Mon, 20 May 2013 05:15:43 +0000

Atlantis Computing secures $20 million in Series D funding

Previous investors Cisco Systems, Inc., El Dorado Ventures and Partech International also participated in the financing.

Deal Value (US$ Million) 20
Deal Type Venture Finance
Sub-Category Growth Capital/Expansion
Deal Status Completed: 2013-05-15
Deal Participants
Target (Company) Atlantis Computing, Inc.

Acquirer (Company) Cisco Systems, Inc.

Deal Rationale
The funding will be used to support the Atlantis' worldwide expansion.

LaSalle Solutions Achieves the Advanced Unified Computing Technology Specialization From Cisco in the United States

admin — Mon, 20 May 2013 05:15:42 +0000

LaSalle Solutions Achieves the Advanced Unified Computing Technology Specialization From Cisco in the United States

CHICAGO, IL, May 15, 2013 (Marketwired via COMTEX) –
LaSalle Solutions announced today that it has achieved the Advanced
Unified Computing Technology Specialization from Cisco. This
specialization recognizes LaSalle Solutions as having fulfilled the
role-based training requirements to sell, design, and deploy Cisco(R)
Unified Computing System B-series technology solutions within the
Cisco Data Center solution portfolio.

"As our customer demand for new ways to tackle technology challenges,
LaSalle continues to find solutions that optimize and integrate data
center solutions," says Steven Robb, President – Solutions Group,
LaSalle Solutions. "Our recognition by Cisco through this Advanced
Unified Computing Specialization certification reinforces this
commitment to Cisco and our customers."
As part of the foundation for the Cisco Data Center Business
Advantage architectural framework, Cisco Unified Computing systems
complement Cisco Unified Network Services and Cisco Unified Fabric
solutions to help enable IT to run their data centers with more
agility and efficiency to drive business innovation. The Cisco
Unified Computing System is a next-generation data center platform
that unites computing, network, storage access and virtualization
into a cohesive system.

As a Cisco Advanced Unified Computing Technology Specialized Partner,
LaSalle Solutions has invested in the technology training that
provides the ability to showcase its rack-mount and blade server
expertise to deliver a scalable and flexible unified computing
infrastructure for virtualized and cloud computing data center needs.

The Cisco Advanced Unified Computing Technology Specialization is
designed to help Cisco resale channel partners support customers as
they evolve and adapt their data centers to their changing business
needs. The specialization provides role-based training for sales
personnel, presales engineers and postsales deployment engineers.

The Cisco Resale Channel Program provides partners with the training
required to build sales, design and technical talent, and then
validates their skills through a third-party audit.

About LaSalle Solutions:
LaSalle Solutions (www.elasalle.com) is a
leading provider of life-cycle management services for technology and
capital assets. From acquisition and financing through IT asset
management, maintenance and disposition, LaSalle's processes,
outstanding customer service, and powerful online toolset LAMP,
enable customers to more economically and effectively manage time,
maintenance credits, as well as equipment deployment, tracking and
decommissioning.

Founded in 1980, LaSalle Solutions is an independently operated
company and a wholly-owned subsidiary of MB Financial Bank, N. A. MB
Financial Bank's holding company, MB Financial, Inc., is traded on
the NASDAQ as "MBFI".

Learn more by visiting www.elasalle.com and
www.YouTube.com/LaSalleSolutions.

LaSalle Solutions and LAMP are registered trademarks of LaSalle
Solutions in the United States.

Cisco and the Cisco logo are trademarks or registered trademarks of
Cisco and/or its affiliates in the U.S. and other countries.

Press Contact:
Steven Robb
LaSalle Solutions
847.823.9600
Email Contact

SOURCE: LaSalle Solutions
http://www2.marketwire.com/mw/emailprcntct id=354B49BE4BC10A25

LaSalle Solutions Achieves the Advanced Unified Computing Technology Specialization From Cisco in the United States

admin — Mon, 20 May 2013 05:15:41 +0000

LaSalle Solutions Achieves the Advanced Unified Computing Technology Specialization From Cisco in the United States

The Cisco Resale Channel Program provides partners with the training
required to build sales, design and technical talent, and then
validates their skills through a third-party audit.

Learn more by visiting www.elasalle.com and
www.YouTube.com/LaSalleSolutions.

LaSalle Solutions and LAMP are registered trademarks of LaSalle
Solutions in the United States.

Cisco and the Cisco logo are trademarks or registered trademarks of
Cisco and/or its affiliates in the U.S. and other countries.

Press Contact:
Steven Robb
LaSalle Solutions
847.823.9600
Email Contact

SOURCE: LaSalle Solutions
http://www2.marketwire.com/mw/emailprcntct id=354B49BE4BC10A25

Cisco Reports Third Quarter Earnings

admin — Mon, 20 May 2013 05:15:40 +0000

Cisco Reports Third Quarter Earnings

(Marketwire Via Acquire Media NewsEdge) SAN JOSE, CA — (Marketwired) — 05/15/13 –
Cisco (NASDAQ: CSCO)

Q3 Net Sales: $12.2 billion (increase of 5% year over year) Q3 Earnings per Share: $0.46 GAAP; $0.51 non-GAAP

Cisco, the worldwide leader in networking that transforms how people connect, communicate and collaborate, today reported its third quarter results for the period ended April 27, 2013. Cisco reported third quarter net sales of $12.2 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.5 billion or $0.46 per share, and non-GAAP net income of $2.7 billion or $0.51 per share.

"Cisco is executing at a very high level in a slow, but steady economic environment. We are especially pleased with our ninth consecutive record revenue quarter. We are starting to see some good signs in the US and other parts of the world which are encouraging," stated Cisco Chairman and CEO John Chambers. "We have the right products, the right solutions and our customers are coming to us to solve their biggest business problems. The pace of change is increasing and Cisco is well positioned."

Chambers continued, "We have always believed that the Internet will revolutionize the way we work, live, play, and learn. This has never been truer than it is today, with cloud, mobility and video all coming together to deliver the Internet of Everything and unprecedented new opportunities for businesses and consumers. We're excited about the future."

GAAP Results

Q3 2013 Q3 2012 Vs. Q3 2012
————- ————- ————
Net Sales $12.2 billion $11.6 billion 5.4%
Net Income $ 2.5 billion $ 2.2 billion 14.5%
Earnings per Share $ 0.46 $ 0.40 15.0%

Non-GAAP Results

Q3 2013 Q3 2012 Vs. Q3 2012
————- ————- ————
Net Income $ 2.7 billion $ 2.6 billion 4.7%
Earnings per Share $ 0.51 $ 0.48 6.3%

Net sales for the first nine months of fiscal 2013 were $36.2 billion, compared with $34.4 billion for the first nine months of fiscal 2012. Net income for the first nine months of fiscal 2013, on a GAAP basis, was $7.7 billion or $1.44 per share, compared with $6.1 billion or $1.13 per share for the first nine months of fiscal 2012. Non-GAAP net income for the first nine months of fiscal 2013 was $8.0 billion or $1.50 per share, compared with $7.5 billion or $1.38 per share for the first nine months of fiscal 2012.

A reconciliation between net income on a GAAP basis and non-GAAP net income is provided in the table on page 6.

Cisco will discuss third quarter results and business outlook on a conference call and webcast at 1:30 p.m. Pacific Time today. Call information and related charts are available at http://investor.cisco.com.

Cash and Cash Equivalents and Investments

Cash flows from operations were $3.1 billion for the third quarter of fiscal 2013, compared with $3.3 billion for the second quarter of fiscal 2013, and compared with $3.0 billion for the third quarter of fiscal 2012. Cash and cash equivalents and investments were $47.4 billion at the end of the third quarter of fiscal 2013, compared with $46.4 billion at the end of the second quarter of fiscal 2013, and compared with $48.7 billion at the end of fiscal 2012. Dividends and Stock Repurchase Program

During the third quarter of fiscal 2013:

The combination of cash used for dividends and common stock repurchases under the stock repurchase program totaled approximately $1.8 billion. Cisco paid a cash dividend of $0.17 per common share, or $905 million. Cisco repurchased approximately 41 million shares of common stock under the stock repurchase program at an average price of $20.85 per share for an aggregate purchase price of $860 million. As of April 27, 2013, Cisco had repurchased and retired 3.8 billion shares of Cisco common stock at an average price of $20.35 per share for an aggregate purchase price of approximately $77.7 billion since the inception of the stock repurchase program. The remaining authorized amount for stock repurchases under this program is approximately $4.3 billion with no termination date.

"We executed as we said we would, achieving our revenue and profitability objectives," stated Frank Calderoni, executive vice president and chief financial officer. "We are moving the business forward by executing on our strategy of driving long-term value to our shareholders."

Select Global Business Highlights

Cisco completed the acquisition of privately held Intucell, Ltd., a provider of advanced self-optimizing network (SON) software solutions that enable mobile carriers to plan, configure, manage, optimize, and heal cellular networks automatically, according to changing network demands. Cisco announced and completed the acquisition of Cognitive Security, a privately-held company headquartered in Prague, Czech Republic. Cognitive Security's solution integrates a range of sophisticated software technologies to identify and analyze key IT security threats through advanced behavioral analysis of real-time data. Cisco announced its intent to acquire SolveDirect, a privately held company headquartered in Vienna, Austria that provides innovative, cloud-delivered services management integration software and services. Cisco announced its intent to acquire privately held Ubiquisys, a leading provider of intelligent 3G and long-term evolution (LTE) small-cell technologies that provide seamless connectivity across mobile heterogeneous networks for service providers. Cisco Innovation

Cisco unveiled its new IP Interoperability and Collaboration System (IPICS) solution, a new set of multivendor, interoperable communications capabilities for operations and dispatch centers across government and enterprise industries. Cisco announced its Cisco Integrated Services Router with Application Experience (ISR-AX), which converges routing, security technologies and a comprehensive suite of application-level services into a single-box solution designed to deliver the essential services needed at branch offices. Cisco introduced its next-generation 100 Gigabit CMOS-based transceiver, Cisco CPAK™, the industry's most compact and power-efficient 100 Gps transceiver technology, designed to reduce space and power requirements by more than 70 percent compared with alternative transceiver form factors, such as CFP. Cisco introduced product innovations for data center and cloud environments including the following: highest-density 40-gigabit Layer 2/3 fixed switch; simplest hybrid cloud solution; and expansion of the Cisco® Open Network Environment with the most extensible controller. Cisco announced new Cisco Unified Access™ solutions that simplify network design by converging wired and wireless networks. Select Customer Announcements

Vodafone Netherlands, the second largest telecom service provider in the Netherlands, deployed the Broadband Network Gateway (BNG) Service Manager — enabling it to increase scalability and service velocity for its enterprise customers. Cisco announced that MetroPCS Communications began a commercial launch of its Cisco Carrier-Grade Internet Protocol Version 6 Solution as a first step in the transition of its mobile Internet network to Internet Protocol version 6 (IPv6). Cisco announced that GET, a leading cable operator in Norway, selected the Cisco Videoscape™ Unity video services delivery platform to transform its TV service and enable the deployment of next-generation entertainment experiences, including personalized and synchronized TV across multiple devices. Cisco announced that SFR, a leading mobile telecommunications provider in France, selected Cisco to expand and enhance its mobile Internet network in order to accelerate the deployment of advanced 4G LTE services to its customers. Cisco announced that Turkcell, the leading communications and technology company in Turkey with more than 35 million subscribers, has deployed the Cisco ASR 5000 Series as the foundation for its advanced mobile Internet network.Editor's Note:

Q3 FY2013 conference call to discuss Cisco's results along with its business outlook will be held on Wednesday, May 15, 2013 at 1:30 p.m. Pacific Time. Conference call number is 1-888-848-6507 (United States) or 1-212-519-0847 (international). Conference call replay will be available from 4:00 p.m. Pacific Time, May 15, 2013 to 4:00 p.m. Pacific Time, May 22, 2013 at 1-866-502-6119 (United States) or 1-203-369-1860 (international). The replay will also be available via webcast from May 15, 2013 through July 20, 2013 on the Cisco Investor Relations website at http://investor.cisco.com. Additional information regarding Cisco's financials, as well as a webcast of the conference call with visuals designed to guide participants through the call, will be available at 1:30 p.m. Pacific Time, May 15, 2013. Text of the conference call's prepared remarks will be available within 24 hours of completion of the call. The webcast will include both the prepared remarks and the question-and-answer session. This information, along with GAAP reconciliation information, will be available on the Cisco Investor Relations website at http://investor.cisco.com. About Cisco

Cisco (NASDAQ: CSCO) is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected. For ongoing news, please go to http://thenetwork.cisco.com.

This 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. These forward-looking statements include, among other things, statements regarding future events (such as statements regarding our strategy and execution, value to shareholders, the global economy, and the evolution of our industry and opportunities for businesses and consumers) and the future financial performance of Cisco that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including: business and economic conditions and growth trends in the networking industry, our customer markets and various geographic regions; global economic conditions and uncertainties in the geopolitical environment; overall information technology spending; the growth and evolution of the Internet and levels of capital spending on Internet-based systems; variations in customer demand for products and services, including sales to the service provider market and other customer markets; the return on our investments in certain priorities, including our foundational priorities, and in certain geographical locations; the timing of orders and manufacturing and customer lead times; changes in customer order patterns or customer mix; insufficient, excess or obsolete inventory; variability of component costs; variations in sales channels, product costs or mix of products sold; our ability to successfully acquire businesses and technologies and to successfully integrate and operate these acquired businesses and technologies; our ability to achieve expected benefits of our partnerships; increased competition in our product and service markets, including the data center; dependence on the introduction and market acceptance of new product offerings and standards; rapid technological and market change; manufacturing and sourcing risks; product defects and returns; litigation involving patents, intellectual property, antitrust, shareholder and other matters, and governmental investigations; natural catastrophic events; a pandemic or epidemic; our ability to achieve the benefits anticipated from our investments in sales, engineering, service, marketing and manufacturing activities; our ability to recruit and retain key personnel; our ability to manage financial risk, and to manage expenses during economic downturns; risks related to the global nature of our operations, including our operations in emerging markets; currency fluctuations and other international factors; changes in provision for income taxes, including changes in tax laws and regulations or adverse outcomes resulting from examinations of our income tax returns; potential volatility in operating results; and other factors listed in Cisco's most recent reports on Forms 10-Q and 10-K filed on February 19, 2013 and September 12, 2012, respectively. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in Cisco's most recent reports on Forms 10-Q and 10-K as each may be amended from time to time. Cisco's results of operations for the three and nine months ended April 27, 2013 are not necessarily indicative of Cisco's operating results for any future periods. Any projections in this release are based on limited information currently available to Cisco, which is subject to change. Although any such projections and the factors influencing them will likely change, Cisco will not necessarily update the information, since Cisco will only provide guidance at certain points during the year. Such information speaks only as of the date of this release.

This release includes non-GAAP net income, non-GAAP effective tax rates, non-GAAP net income per share data and non-GAAP inventory turns.

These non-GAAP measures are not in accordance with, or an alternative for, measures prepared in accordance with generally accepted accounting principles and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Cisco believes that non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Cisco's results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate Cisco's results of operations in conjunction with the corresponding GAAP measures.

Cisco believes that the presentation of non-GAAP net income, non-GAAP effective tax rates, and non-GAAP net income per share data, when shown in conjunction with the corresponding GAAP measures, provides useful information to investors and management regarding financial and business trends relating to its financial condition and results of operations. In addition, Cisco believes that the presentation of non-GAAP inventory turns provides useful information to investors and management regarding financial and business trends relating to inventory management based on the operating activities of the period presented.

For its internal budgeting process, Cisco's management uses financial statements that do not include, when applicable, share-based compensation expense, amortization of acquisition-related intangible assets, impact to cost of sales from purchase accounting adjustments to inventory, other acquisition-related/divestiture costs, significant asset impairments and restructurings, the income tax effects of the foregoing, and significant tax matters. Cisco's management also uses the foregoing non-GAAP measures, in addition to the corresponding GAAP measures, in reviewing the financial results of Cisco. In prior periods, Cisco has excluded other items that it no longer excludes for purposes of its non-GAAP financial measures. From time to time in the future, there may be other items, such as significant gains or losses from contingencies that Cisco may exclude for purposes of its internal budgeting process and in reviewing its financial results.

For additional information on the items excluded by Cisco from one or more of its non-GAAP financial measures, refer to the Form 8-K regarding this release furnished today to the Securities and Exchange Commission.

Copyright © 2013 Cisco and/or its affiliates. All rights reserved. Cisco, the Cisco logo, Cisco CPAK, Cisco Unified Access, Cisco Videoscape, Videoscape Unity and Videoscape are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. To view a list of Cisco trademarks, go to: www.cisco.com/go/trademarks. Third party trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company. This document is Cisco Public Information.

CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per-share amounts)
(Unaudited)

Three Months Ended Nine Months Ended
——————– ——————–
April 27, April 28, April 27, April 28,
2013 2012 2013 2012
——— ——— ——— ———
NET SALES:
Product $ 9,559 $ 9,106 $ 28,293 $ 27,176
Service 2,657 2,482 7,897 7,195
——— ——— ——— ———
Total net sales 12,216 11,588 36,190 34,371
——— ——— ——— ———
COST OF SALES:
Product 3,782 3,563 11,387 10,776
Service 923 856 2,710 2,471
——— ——— ——— ———
Total cost of sales 4,705 4,419 14,097 13,247
——— ——— ——— ———
GROSS MARGIN 7,511 7,169 22,093 21,124
OPERATING EXPENSES:
Research and development 1,542 1,358 4,425 4,072
Sales and marketing 2,375 2,383 7,178 7,230
General and administrative 530 562 1,674 1,611
Amortization of purchased
intangible assets 89 96 329 292
Restructuring and other
charges 33 20 105 225
——— ——— ——— ———
Total operating expenses 4,569 4,419 13,711 13,430
——— ——— ——— ———
OPERATING INCOME 2,942 2,750 8,382 7,694
Interest income 162 161 483 483
Interest expense (145) (151) (440) (449)
Other income (loss), net (14) 19 (69) 45
——— ——— ——— ———
Interest and other income
(loss), net 3 29 (26) 79
——— ——— ——— ———

INCOME BEFORE PROVISION FOR
INCOME TAXES 2,945 2,779 8,356 7,773
Provision for income taxes 467 614 643 1,649
——— ——— ——— ———
NET INCOME $ 2,478 $ 2,165 $ 7,713 $ 6,124
========= ========= ========= =========

Net income per share:
Basic $ 0.47 $ 0.40 $ 1.45 $ 1.14
========= ========= ========= =========
Diluted $ 0.46 $ 0.40 $ 1.44 $ 1.13
========= ========= ========= =========
Shares used in per-share
calculation:
Basic 5,329 5,388 5,316 5,383
========= ========= ========= =========
Diluted 5,387 5,456 5,361 5,418
========= ========= ========= =========

Cash dividends declared per
common share $ 0.17 $ 0.08 $ 0.45 $ 0.20
========= ========= ========= =========

RECONCILIATION OF GAAP TO NON-GAAP NET INCOME
(In millions, except per-share amounts)

Three Months Ended Nine Months Ended
——————– ——————–
April 27, April 28, April 27, April 28,
2013 2012 2013 2012
——— ——— ——— ———
GAAP net income $ 2,478 $ 2,165 $ 7,713 $ 6,124
Adjustments to cost of sales:
Share-based compensation
expense 44 51 136 155
Amortization of acquisition-
related intangible assets 146 99 416 276
Impact to cost of sales from
purchase accounting
adjustments to inventory — – 40 –
Significant asset
impairments and
restructurings — (5) — (26)
——— ——— ——— ———
Total adjustments to GAAP cost
of sales 190 145 592 405
——— ——— ——— ———
Adjustments to operating
expenses:
Share-based compensation
expense 230 286 749 879
Amortization of acquisition-
related intangible assets 89 96 329 292
Other acquisition-
related/divestiture costs 16 14 70 29
Significant asset
impairments and
restructurings (17) 20 55 225
——— ——— ——— ———
Total adjustments to GAAP
operating expenses 318 416 1,203 1,425
——— ——— ——— ———
Total adjustments to GAAP
income before provision for
income taxes 508 561 1,795 1,830
——— ——— ——— ———
Income tax effect of non-GAAP
adjustments (141) (121) (506) (464)
Significant tax matters (1)
(2) (117) — (983) –
——— ——— ——— ———
Total adjustments to GAAP
provision for income taxes (258) (121) (1,489) (464)
——— ——— ——— ———
Non-GAAP net income $ 2,728 $ 2,605 $ 8,019 $ 7,490
——— ——— ——— ———
Diluted net income per share:
GAAP $ 0.46 $ 0.40 $ 1.44 $ 1.13
——— ——— ——— ———
Non-GAAP $ 0.51 $ 0.48 $ 1.50 $ 1.38
——— ——— ——— ———

(1) In the third quarter of fiscal 2013, Cisco recorded a net tax benefit of
$117 million related to prior fiscal years. Non-GAAP net income excluded
this net tax benefit of $117 million.

(2) For the nine months ended April 27, 2013, Cisco recorded a net tax
benefit of $983 million. This nine month tax benefit is comprised of an
Internal Revenue Service settlement of $794 million, the retroactive
reinstatement of the U.S federal R&D tax credit of $72 million and a tax
benefit of $117 million related to prior fiscal years. Non-GAAP net
income excluded this net tax benefit of $983 million.

RECONCILIATION OF GAAP TO NON-GAAP EFFECTIVE TAX RATE

Three Months Ended Nine Months Ended
——————– ——————–
April 27, April 28, April 27, April 28,
2013 2012 2013 2012
——— ——— ——— ———
GAAP effective tax rate 15.9% 22.1% 7.7% 21.2%
Tax effect of non-GAAP
adjustments to net income 5.1% (0.1)% 13.3% 0.8%
——— ——— ——— ———
Non-GAAP effective tax rate 21.0% 22.0% 21.0% 22.0%
——— ——— ——— ———

CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)

April 27, July 28,
2013 2012
———- ———-
ASSETS
Current assets:
Cash and cash equivalents $ 5,122 $ 9,799
Investments 42,266 38,917
Accounts receivable, net of allowance for doubtful
accounts of $225 at April 27, 2013 and $207 at July
28, 2012 4,942 4,369
Inventories 1,469 1,663
Financing receivables, net 3,878 3,661
Deferred tax assets 2,377 2,294
Other current assets 1,363 1,230
———- ———-
Total current assets 61,417 61,933
Property and equipment, net 3,330 3,402
Financing receivables, net 3,838 3,585
Goodwill 21,640 16,998
Purchased intangible assets, net 3,408 1,959
Other assets 3,451 3,882
———- ———-
TOTAL ASSETS $ 97,084 $ 91,759
========== ==========
LIABILITIES AND EQUITY
Current liabilities:
Short-term debt $ 3,292 $ 31
Accounts payable 957 859
Income taxes payable — 276
Accrued compensation 3,010 2,928
Deferred revenue 9,055 8,852
Other current liabilities 4,749 4,785
———- ———-
Total current liabilities 21,063 17,731
Long-term debt 12,956 16,297
Income taxes payable 1,503 1,844
Deferred revenue 3,630 4,028
Other long-term liabilities 1,134 558
———- ———-
Total liabilities 40,286 40,458
Total equity 56,798 51,301
———- ———-
TOTAL LIABILITIES AND EQUITY $ 97,084 $ 91,759
========== ==========

CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)

Nine Months Ended
———————-
April 27, April 28,
2013 2012
———- ———-
Cash flows from operating activities:
Net income $ 7,713 $ 6,124
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation, amortization, and other 1,760 1,816
Share-based compensation expense 880 1,032
Provision for receivables 46 45
Deferred income taxes 48 75
Excess tax benefits from share-based
compensation (48) (57)
Net losses (gains) on investments 23 (38)
Change in operating assets and liabilities, net
of effects of acquisitions and divestitures:
Accounts receivable (439) 660
Inventories 238 (113)
Financing receivables (448) (762)
Other assets (41) (495)
Accounts payable 91 34
Income taxes, net (642) 151
Accrued compensation (48) (451)
Deferred revenue (169) 482
Other liabilities (56) (100)
———- ———-
Net cash provided by operating activities 8,908 8,403
———- ———-

Cash flows from investing activities:
Purchases of investments (23,969) (32,690)
Proceeds from sales of investments 7,279 19,591
Proceeds from maturities of investments 13,234 7,930
Acquisition of property and equipment (843) (830)
Acquisition of businesses, net of cash and cash
equivalents acquired (6,371) (333)
Purchases of investments in privately held
companies (140) (299)
Return of investments in privately held companies 110 212
Other 47 175
———- ———-
Net cash used in investing activities (10,653) (6,244)
———- ———-

Cash flows from financing activities:
Issuances of common stock 1,193 1,115
Repurchases of common stock – repurchase program (1,554) (2,708)
Shares repurchased for tax withholdings on vesting
of restricted stock units (249) (160)
Short-term borrowings, maturities less than 90
days, net (20) (505)
Excess tax benefits from share-based compensation 48 57
Dividends paid (2,392) (1,076)
Other 42 (83)
———- ———-
Net cash used in financing activities (2,932) (3,360)
———- ———-
Net decrease in cash and cash equivalents (4,677) (1,201)
Cash and cash equivalents, beginning of period 9,799 7,662
———- ———-
Cash and cash equivalents, end of period $ 5,122 $ 6,461
========== ==========

Cash paid for:
Interest $ 562 $ 561
Income taxes, net $ 1,236 $ 1,424

ADDITIONAL FINANCIAL INFORMATION
(In millions)
(Unaudited)

April 27, July 28,
2013 2012
———- ———-
Cash and Cash Equivalents and Investments:
Cash and cash equivalents $ 5,122 $ 9,799
Fixed income securities 40,192 37,297
Publicly traded equity securities 2,074 1,620
———- ———-
Total $ 47,388 $ 48,716
========== ==========

Inventories:
Raw materials $ 81 $ 127
Work in process 38 35
Finished goods:
Distributor inventory and deferred cost of sales 679 630
Manufactured finished goods 378 597
———- ———-
Total finished goods 1,057 1,227
Service-related spares 253 213
Demonstration systems 40 61
———- ———-
Total $ 1,469 $ 1,663
========== ==========

Property and equipment, net:
Land, buildings, and building and leasehold
improvements $ 4,437 $ 4,363
Computer equipment and related software 1,392 1,469
Production, engineering, and other equipment 5,655 5,364
Operating lease assets 299 300
Furniture and fixtures 497 487
———- ———-
12,280 11,983
Less accumulated depreciation and amortization (8,950) (8,581)
———- ———-
Total $ 3,330 $ 3,402
========== ==========
Other assets:
Deferred tax assets $ 1,787 $ 2,270
Investments in privately held companies 835 858
Other 829 754
———- ———-

Total $ 3,451 $ 3,882
========== ==========
Deferred revenue:
Service $ 8,705 $ 9,173
Product:
Unrecognized revenue on product shipments and
other deferred revenue 3,257 2,975
Cash receipts related to unrecognized revenue
from two-tier distributors 723 732
———- ———-
Total product deferred revenue 3,980 3,707
———- ———-
Total $ 12,685 $ 12,880
========== ==========

Reported as:
Current $ 9,055 $ 8,852
Noncurrent 3,630 4,028
———- ———-
Total $ 12,685 $ 12,880
========== ==========

SUMMARY OF SHARE-BASED COMPENSATION EXPENSE
(In millions)

Three Months Ended Nine Months Ended
——————– ——————–
April 27, April 28, April 27, April 28,
2013 2012 2013 2012
——— ——— ——— ———
Cost of sales – product $ 10 $ 12 $ 31 $ 39
Cost of sales – service 34 39 105 116
——— ——— ——— ———
Share-based compensation expense
in cost of sales 44 51 136 155
——— ——— ——— ———
Research and development 72 97 228 297
Sales and marketing 118 138 383 429
General and administrative 38 51 136 153
Restructuring and other charges — – (3) (2)
——— ——— ——— ———
Share-based compensation expense
in operating expenses 228 286 744 877
——— ——— ——— ———
Total share-based compensation
expense $ 272 $ 337 $ 880 $ 1,032
========= ========= ========= =========
Income tax benefit for share-
based compensation $ (73) $ (88) $ (232) $ (271)
========= ========= ========= =========

ACCOUNTS RECEIVABLE AND DSO
(In millions, except DSO)

April 27, January 26, April 28,
2013 2013 2012
———— ———— ————
Accounts receivable, net $ 4,942 $ 4,462 $ 3,980
Days sales outstanding in accounts
receivable (DSO) 37 34 31

INVENTORY TURNS AND RECONCILIATION OF GAAP TO NON-GAAP
COST OF SALES USED IN INVENTORY TURNS
(In millions, except annualized inventory turns)

Three Months Ended
—————————————-
April 27, January 26, April 28,
2013 2013 2012
———— ———— ————
Annualized inventory turns – GAAP 12.4 11.6 11.5
Cost of sales adjustments (0.5) (0.5) (0.4)
———— ———— ————
Annualized inventory turns – non-
GAAP 11.9 11.1 11.1

GAAP cost of sales $ 4,705 $ 4,755 $ 4,419
Cost of sales adjustments:
Share-based compensation expense (44) (47) (51)
Amortization of acquisition-
related intangible assets (146) (136) (99)
Impact to cost of sales from
purchase accounting adjustments
to inventory — (16) –
Significant asset impairments
and restructurings — – 5
———— ———— ————
Non-GAAP cost of sales $ 4,515 $ 4,556 $ 4,274
———— ———— ————

REPURCHASE OF COMMON STOCK AND DIVIDENDS PAID
(In millions, except dividends paid per common share)

Three Months Ended
——————————————————–
April 27, January 26, October 27, July 28, April 28,
2013 2013 2012 2012 2012
———- ———– ———– ———- ———-
Repurchase of
common stock under
the stock
repurchase program $ 860 $ 500 $ 253 $ 1,800 $ 550
Dividends paid 905 743 744 425 432
———- ———– ———– ———- ———-
Total $ 1,765 $ 1,243 $ 997 $ 2,225 $ 982
———- ———– ———– ———- ———-

Dividends paid per
common share $ 0.17 $ 0.14 $ 0.14 $ 0.08 $ 0.08

Press Contact:
Robyn Jenkins-Blum
Cisco
1 (408) 853-9848
Email Contact

Investor Relations Contact:
Melissa Selcher
Cisco
1 (408) 424-1335
Email Contact

Source: Cisco

Cisco Reports Third Quarter Earnings

admin — Mon, 20 May 2013 05:15:39 +0000

Cisco Reports Third Quarter Earnings

(Marketwire Via Acquire Media NewsEdge) SAN JOSE, CA — (Marketwired) — 05/15/13 –
Cisco (NASDAQ: CSCO)

Q3 Net Sales: $12.2 billion (increase of 5% year over year) Q3 Earnings per Share: $0.46 GAAP; $0.51 non-GAAP

GAAP Results

Q3 2013 Q3 2012 Vs. Q3 2012
————- ————- ————
Net Sales $12.2 billion $11.6 billion 5.4%
Net Income $ 2.5 billion $ 2.2 billion 14.5%
Earnings per Share $ 0.46 $ 0.40 15.0%

Non-GAAP Results

Q3 2013 Q3 2012 Vs. Q3 2012
————- ————- ————
Net Income $ 2.7 billion $ 2.6 billion 4.7%
Earnings per Share $ 0.51 $ 0.48 6.3%

A reconciliation between net income on a GAAP basis and non-GAAP net income is provided in the table on page 6.

Cash and Cash Equivalents and Investments

During the third quarter of fiscal 2013:

Select Global Business Highlights

This release includes non-GAAP net income, non-GAAP effective tax rates, non-GAAP net income per share data and non-GAAP inventory turns.

CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per-share amounts)
(Unaudited)

Cash dividends declared per
common share $ 0.17 $ 0.08 $ 0.45 $ 0.20
========= ========= ========= =========

RECONCILIATION OF GAAP TO NON-GAAP NET INCOME
(In millions, except per-share amounts)

(1) In the third quarter of fiscal 2013, Cisco recorded a net tax benefit of
$117 million related to prior fiscal years. Non-GAAP net income excluded
this net tax benefit of $117 million.

RECONCILIATION OF GAAP TO NON-GAAP EFFECTIVE TAX RATE

CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)

CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)

Cash paid for:
Interest $ 562 $ 561
Income taxes, net $ 1,236 $ 1,424

ADDITIONAL FINANCIAL INFORMATION
(In millions)
(Unaudited)

Reported as:
Current $ 9,055 $ 8,852
Noncurrent 3,630 4,028
———- ———-
Total $ 12,685 $ 12,880
========== ==========

SUMMARY OF SHARE-BASED COMPENSATION EXPENSE
(In millions)

ACCOUNTS RECEIVABLE AND DSO
(In millions, except DSO)

April 27, January 26, April 28,
2013 2013 2012
———— ———— ————
Accounts receivable, net $ 4,942 $ 4,462 $ 3,980
Days sales outstanding in accounts
receivable (DSO) 37 34 31

INVENTORY TURNS AND RECONCILIATION OF GAAP TO NON-GAAP
COST OF SALES USED IN INVENTORY TURNS
(In millions, except annualized inventory turns)

REPURCHASE OF COMMON STOCK AND DIVIDENDS PAID
(In millions, except dividends paid per common share)

Dividends paid per
common share $ 0.17 $ 0.14 $ 0.14 $ 0.08 $ 0.08

Press Contact:
Robyn Jenkins-Blum
Cisco
1 (408) 853-9848
Email Contact

Investor Relations Contact:
Melissa Selcher
Cisco
1 (408) 424-1335
Email Contact

Source: Cisco

Toronto market takes a spill

admin — Mon, 20 May 2013 05:15:38 +0000

Toronto market takes a spill

(Baystreet Stock Market Update (Canada) Via Acquire Media NewsEdge) Gold stocks suffer

The Toronto stock market plunged more than 100 points Wednesday as traders digested a slew of economic data signaling a possible slowdown in both the Canadian and U.S. economies.

The S&P/TSX composite index let go of 103.4 points to end Wednesday at 12,473.65
The Canadian dollar recovered 0.11 cents to 98.34 cents U.S.

By mid-afternoon, all sectors on the Toronto stock exchange were lower, with gold seeing the largest decline. Shares in Agnico Eagle Mines were down nearly 5.6%, or $1.73, to $29.03.

The telecom sector was pulled down by shares in Rogers Communications, which dropped by $1.72, or 3.5% to $48.20.

The energy sector fell as Talisman Energy saw its shares dip 1.8%, or 21 cents to $11.50.

July copper dipped two cents to $3.27 U.S. a pound as the metals and mining sector fell
Engineering company SNC-Lavalin said allegations about a subsidiary using a secret code to account for bribes on several projects across Africa and Asia have been resolved and are history. The company says it is focused on moving ahead with systems that would prevent the problems from re-occurring.

SNC stock slipped 55 cents, or 1.3%, to $41.79.

In the economic docket today, national home sales declined 2.1% in February, according to statistics released today by the Canadian Real Estate Association, and 15.8% below levels for February 2012.

Statistics Canada reported this morning that manufacturing sales dropped 3% to $49.5 billion in March, the third decline in four months.

ON BAYSTREET
The TSX Venture Exchange dropped 13 points to 936.87
All 14 Toronto subgroups were lower on the day, weighed by the gold sector, stumbling 4.6%, materials, down 2.7%, and the telecoms group, off 1.4%.

ON WALLSTREET
Wall Street started Wednesday in the red, but stocks resumed their march into record territory by the afternoon, with all 10 sectors of the market moving higher.

The Dow Jones Industrials climbed 60.44 points to 15,275.70, with JPMorgan Chase and American Express leading the way.

The S&P 500 index gained 8.44 points to 1,658.78, while the NASDAQ Composite took on 9.01 points to 3,471.62.

The advance put the Dow and S&P 500 at fresh all-time highs, and the NASDAQ at its highest level since 2000.

Shares of Netflix jumped 4% Wednesday. The stock was a top performer in the S&P 500 and the NASDAQ 100.

While the stock has been hot all year, surging more than 150%, the return of "Arrested Development" is what's driving the enthusiasm today.

The quirky Fox sitcom went off the air in 2006, but is slated to make its debut on Netflix next week.

While earnings season is nearly over, results from a few big names continue to trickle in. Macy's stock edged up after the retailer reported a gain in quarterly profit, revenue and same-store sales. Macy's also boosted its quarterly dividend by 25% and announced a $1.5-billion U.S. increase to its share buyback plan.

In other earnings news, John Deere posted a better-than-expected profit for the second quarter but shares of the heavy equipment manufacturer tumbled after it cut its sales forecast for the year.

Cisco earnings are up after the bell.

Google kicks off its annual developer's conference Wednesday. The company is expected to unveil a paid subscription music-streaming service according to news reports.

Shares of the tech giant topped $900 U.S. for the first time Wednesday, climbing as high as $911.76 U.S. Google's market value also jumped above $300 billion U.S. for the first time in history.

Internationally, France slipped back into recession after a 0.2% decline in Gross Domestic Product for the first quarter of 2013, Germany's economy expanding by 0.1% over the same period.

Economically, the Producer Price Index dropped 0.7% in April — its biggest decline since February 2010, signaling that inflation remains weak.

However, a report on the manufacturing sector was disappointing. In May, the Empire State manufacturing survey fell into negative territory for the first time since January. Economists were looking for activity to improve.

Prices on the 10-year U.S. Treasury gained ground, lowering yields to 1.94% from Tuesday's 1.95%. Treasury prices and yields move in opposite directions

Oil prices eked ahead 10 cents to $94.31 U.S. a barrel.

Gold prices jettisoned $33.40 at $1,391.10 U.S. an ounce

Toronto market takes a spill

admin — Mon, 20 May 2013 05:15:37 +0000