GSI Technology, Inc. Announces Stock Repurchase Program
(OCZ) is a global leader in the design, manufacturing, and distribution of high-performance solid-state storage solutions and premium computer components. Offering a complete spectrum of solid-state drives (SSDs), OCZ provides SSDs in a variety of form factors and interfaces (i.e. PCIe, SAS and SATA) to address a wide range of client and enterprise applications. Having developed firmware and controller platforms, to virtualization and endurance extending technologies, the company delivers vertically integrated solutions enabling transformational approaches to how digital data is captured, stored, accessed, analyzed and leveraged by customers. More information is available at http://www.ocz.com. Forward Looking Statements Certain statements in this release relate to future events and expectations and as such constitute forward-looking statements involving known and unknown factors that may cause actual results of OCZ Technology Group, Inc. to be different from those expressed or implied in the forward-looking statements. In this context, words such as “will,” “would,” “expect,” “anticipate,” “should” or other similar words and phrases often identify forward-looking statements made on behalf of OCZ. It is important to note that actual results of OCZ may differ materially from those described or implied in such forward-looking statements based on a number of factors and uncertainties, including, but not limited to, the risk that the process of preparing and auditing the financial statements or other subsequent events would require OCZ to make additional adjustments; the time and effort required to complete the restatement of the financial reports; the ramifications of OCZ’s potential inability to timely file required reports; including potential delisting of OCZ’s common stock on NASDAQ; the risk of litigation or governmental investigations or proceedings relating to such matters; market acceptance of OCZ’s products and OCZ’s ability to continually develop enhanced products; adverse changes both in the general macro-economic environment as well as in the industries OCZ serves, including computer manufacturing, traditional and online retailers, information storage, internet search and content providers and computer system integrators; OCZ’s ability to efficiently manage material and inventory, including integrated circuit chip costs and freight costs; OCZ’s ability to obtain sufficient NAND flash; and OCZ’s ability to generate cash from operations, secure external funding for its operations and manage its liquidity needs. Other general economic, business and financing conditions and factors are described in more detail in “Item 1A — Risk Factors” in Part I in OCZ’s Annual Report on Form 10-K filed with the SEC on May 14, 2012, and statements made in other subsequent filings. The filing is available both at http://www.sec.gov as well as via OCZ’s website at http://www.ocz.com.
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Peoria Based Advanced Technology Services Helps Improve Manufacturing Productivity
In addition, the association will facilitate events to help veterans learn best practices for their job search, connect to employers in the business community, and network with fellow veterans. For more information about the NVTC Veterans Employment Initiative, visit http://www.nvtc.org/veterans . Or visit the veteran online community and resource at http://www.nvtc.monster.com . # # # The Northern Virginia Technology Council (NVTC) is the membership and trade association for the technology community in Northern Virginia. As the largest technology council in the nation, NVTC serves about 1,000 companies from all sectors of the technology industry, as well as service providers, universities, foreign embassies, nonprofit organizations and governmental agencies. Through its member companies, NVTC represents about 200,000 employees in the region. NVTC is recognized as the nation’s leader in providing its technology community with networking and educational events; specialized services and benefits; public policy advocacy; branding of its region as a major global technology center; initiatives in targeted business sectors and in the international, entrepreneurship, workforce and education arenas; the Equal Footing Foundation, a 501(c)(3) nonprofit charity that serves local area youth; and The Entrepreneur Center @NVTC, which mentors new technology entrepreneurs. Visit NVTC at http://www.nvtc.org . Copyright2013Military.com.
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Technology Skills Gap: Fact or Fiction? Part II
Finance Thu, Aug 22, 2013, 12:17 AM EDT – U.S. Markets open in 9 hrs 13 mins GSI Technology, Inc. Announces Stock Repurchase Program Press Release: GSI Technology, Inc. 9 hours ago SANTA CLARA, CA–(Marketwired – Aug 21, 2013) – GSI Technology, Inc. ( NASDAQ : GSIT ) today announced that its Board of Directors has adopted a new program to repurchase, at management’s discretion, shares of GSI Technology’s common stock having an aggregate purchase price of up to $10 million.Combined with previously existing authority under a repurchase program adopted in January 2012, the Company now has the authority to repurchase shares having an aggregate purchase price of up to $15.9 million.Under the expanded repurchase program, the Company may repurchase shares from time to time on the open market or in private transactions.The Company will fund the repurchases through the use of its own cash resources.The specific timing and amount of the repurchases will be dependent on market conditions, securities law limitations and other factors.The repurchase program may be suspended or terminated at any time without prior notice.In connection with the repurchase program, the Company may adopt one or more plans pursuant to the provisions of Rule 10b5-1 under the Securities Exchange Act of 1934.Needham & Company will act as an agent for GSI Technology in the repurchase program.As of July 31, 2013, GSI Technology had 27,540,010 shares of common stock outstanding. “The expanded share repurchase program underscores the Board’s confidence in GSI Technology’s long-term financial outlook as well as our commitment to optimize the Company’s capital structure to enhance shareholder value while at the same time maintaining a strong balance sheet that will allow us to meet the challenges of the current economic environment, invest in the growth of our business and take advantage of strategic opportunities that may arise,” said Lee-Lean Shu, president and chief executive office. About GSI Technology Founded in 1995, GSI Technology, Inc. is a leading provider of high-performance static random access memory, or SRAM, products primarily incorporated in networking and telecommunications equipment. Headquartered in Sunnyvale, California, GSI Technology is ISO 9001 certified and has worldwide factory and sales locations. For more information, please visit http://www.gsitechnology.com . Forward-Looking Statements The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding GSI Technology’s expectations, beliefs, intentions, or strategies regarding the future.All forward-looking statements included in this press release are based upon information available to GSI Technology as of the date hereof, and GSI Technology assumes no obligation to update any such forward-looking statements.Forward-looking statements involve a variety of risks and uncertainties, which could cause actual results to differ materially from those projected.These risks include changes in market conditions, fluctuations in the price of the Company’s common stock and changes in the Company’s cash requirements which may affect the timing and amount of repurchases under the repurchase program.These changes may result from factors affecting the economy, the semiconductor market generally or the Company’s business or future financial results.Further information regarding risks relating to GSI Technology’s business is contained in the Company’s filings with the Securities and Exchange Commission, including factors discussed under the caption “Risk Factors” in such filings. Contact:
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I spoke with Holly Mosack, the head of ATS Veteran Hiring and 6 Sigma Deployment Champion at ATS, to learn more about the company. Mosack told me that ATS is a $300million company that spun out of Caterpillar Inc. in the 1980s. Advanced Technology Services employees help prevent machine breakdowns and there are around 3,000 employees spread across the U.S., U.K. andMexico, said Mosack in the interview. When I asked her what some of the challenges that the company faces, she said that we need people that are highly skilled and technical. Our employees need to know how torepairhydraulics,mechanical systems, electrical systemsand heavy machinery. These types of jobs are not promoted as a career choice in most colleges today. This is why military veterans are a great fit for Advanced Technology Systems. As a former Army Captain that left Iraq in 2005, Mosack told me that she was nervous when leavingthe Army. Fortunately, ATS hired her despite the lack of civilian and corporate experience. Mosack told me that veterans are very technical and have a lot of discipline. Around half of the managers at ATS are veterans. Mosack made it clear to me that ATS is not a staffing company and does not exclusively staff veterans. Some of ATS largest customers include Caterpillar, Motorola, Eaton,BorgWarner,Textron and Panasonic.The equipment that ATS employees works on such as robotics, PLC machines and CNC machines, are very technical and highly automated. A lot of the machines dates back to the early 1940s. When I asked Mosack what employees at ATS do to learn machine repair from each other, she told me about a system called ATSefactoryConnect. ATSefactory Connectis adiagnostic service that links a maintenance tech to technical experts to solve complex problems quickly: ATS also partnered with community colleges for employees to learn how to fix equipment Pros/Cons Of Being In The Midwest When I asked Mosack what she believes the pros are cons of being in the Midwest are, she said that the cons are that recruiting people in Peoria can be challenging since many people have not heard of the city. She also added that Illinois taxes are not very friendly for businesses and some laws should be changed.
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MPHJ Technology, Apple, Richemont: Intellectual Property
Incremental IT spending has begun to spread across various lines of business throughout corporations; now IT is no longer just the CIO’s job. We are seeing CXOs with their own IT budgets as information technology continually evolves. Businesses are finding new ways to leverage cloud computing, data analytics and mobility to empower their workforces with advanced communications and collaboration capabilities. To continually reap the benefits of new technology, business people are now challenged to effectively integrate IT across their lines of business. These forces are behind the shift away from homogenous IT deployments to a more individualized IT strategy that better aligns with each respective business process. IT is always evolving, and to stay globally competitive, executives must understand the significance of the changing landscape. Hiring the right talent to not only install the technology, but to understand how it will http://speedyplansindownloadfreepdf.blogspot.com/2013/07/how-to-become-alpha-male-john-alexander.html affect the entire business, is critical. Employing a staff of highly competent network professionals who understand the business implications of IT deployments is where companies can effectively differentiate themselves and drive value. In today’s global IT landscape, the most indispensable resource is not the hardware or software, it is the individuals who leverage networks to better meet business requirements. As a follow-up to the first installment of Technology Skills Gap: Fact or Fiction , Gary Beach and I continue to discuss the implications of a changing IT landscape and the importance of IT professionals in ensuring companies stay competitive. How can companies better utilize IT budgets?
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Technology Council Announces Vet Hiring Initiative
Instead, Montblanc claims they are offering for sale inferior products that confuse consumers and tarnish the name of the company. The company said that the websites operators havent responded to infringement notices or cease-and-desist letters sent to the contact information provided by the Internet domain registrar, as well as to the contact information identified on the various websites. It asked the court to transfer the offending domain names to London-based Richemont and seeks an award of attorney fees. The case is Montblanc-Simplo GmbH v. Achatstyleomontblanc.com, 1:13-cv-01013, U.S. District Court, Eastern District of Virginia (Alexandria). For more trademark news, click here. Copyright NCS Pearson Victory in Copyright Case Over Test Upheld NCS Pearson Inc., a provider of educational and testing software, properly defeated a physical therapists copyright claim over a psychological test, an appeals court ruled. The U.S. Appeals Court in Denver on Aug.
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