Iraq Telecoms

 

Portal Software Announces Unaudited First Quarter Fiscal 2007 Results

8:24 pm   -   May 18th, 2006

Portal Software, Inc. (Pink Sheets:PRSF), the premier provider of billing and Revenue Management solutions for the global communications and media markets, today announced preliminary, unaudited business results for its fiscal 2007 first quarter ended April 28, 2006.

Selected First Quarter Fiscal 2007 Preliminary, Unaudited Financial Information
- First quarter 2007 bookings were $32.7 million compared to $40.4 million for the same period last year;
- Cash and investments at April 28, 2006 were $56.4 million (including $12.7 million in restricted cash and investments), down from $60.5 million at the end of the fourth quarter of 2006;

SEC Filing Update
As disclosed previously, as a result of Portal’s extended financial close process, the Company is currently delinquent in filing its Form 10-K for the fiscal year ended January 28, 2005 and in filing its Form 10-Qs and Form 10-K for fiscal 2006. The Company will also be delinquent in filing its Form 10-Q for the fiscal year 2007 first quarter which ended on April 28, 2006.

Tender Offer Update
On April 11, 2006, Portal agreed to be acquired by Oracle Systems Corporation, a wholly owned subsidiary of Oracle Corporation. Under the terms of an Agreement and Plan of Merger by and among Oracle Systems Corporation, Potter Acquisition Corporation, a wholly owned subsidiary of Oracle Systems Corporation and Portal, Potter Acquisition Corporation commenced a tender offer to purchase all outstanding shares of common stock of Portal at a price of $4.90 per share in cash. The tender offer is schedule to expire at 12:00 midnight on Monday, May 22, 2006.

The Board of Directors of Portal has unanimously approved the merger agreement with Oracle Systems, and determined that the tender offer and the related merger are advisable, fair to and in the best interest of Portal’s stockholders. Accordingly, the Portal Board of Directors unanimously recommends that you tender your shares in the tender offer before the scheduled expiration date of the tender offer at 12:00 midnight on Monday, May 22, 2006.

About Portal Software, Inc.
Portal Software is the premier provider of billing and Revenue Management solutions for the global communications and media markets. The Company delivers the only platform for the end-to-end management of customer revenue across offerings, channels, and geographies. Portal’s solutions enable companies to dramatically accelerate the launch of innovative, profit-rich services while significantly reducing the costs associated with legacy billing systems. Portal is the Revenue Management partner of choice to the world’s leading service providers including: Vodafone, AOL Time Warner, Deutsche Telekom, TELUS, NTT, China Telecom, Reuters, Telstra, China Mobile, Telenor Mobil, and France Telecom.



Moreover Technologies - Telecom news - 30 of 24889 returned
Moreover Technologies - Telecom news - More than 340 categories of real-time RSS news feeds.

2009 Humana Medicare Plans - Sponsored Link
Ad - Visit The Official Humana Site For Affordable Medicare Plan Options.
(BlackBerry) Storm brews in cell-phone market
web stories More on this topic from GCN Not to be outdone by Apple Inc.'s iPhone and T-Mobile's GI 'Google Phone,' Research in Motion (RIM) apparently is planning to release a new handheld mobile phone with a jazzy new design and an App Center filled
Apple Jumps to 17% of Smartphone Market
By Andy Patrizio The introduction of the iPhone 3G last July did wonders to pop Apple's place in the smartphone market, with users dumping their phones to switch to Apple's device. But Apple will be hard-pressed to maintain its growth curve as new
Aussies Love Their Mobile Phones Ahead Of The Amber Liquid
Sales of mobile phones are booming in Australia with one research Company describing us as being 'In love' with the mobile gadgets ahead of a drop of the amber liquid.IDC Research claim that Australians 'love their mobile phones more than ever'
Cox Cleared in Verizon VoIP Patent Suit
Cox Communications did not infringe patents owned by Verizon Communications, a jury in Virginia decided on Monday. Verizon (NYSE: VZ) had accused Cox of infringing six patents related to Voice-over-IP telephony, but a jury at the U.S. District Court for
Amcom Telecommunications appoints director
Amcom Telecommunications Ltd appointed Craig Evan Coleman as a non-executive director on October 7, 2008. Mr Coleman replaces Les Wozniczka who will resign on completion of the proposed off-market buyback. He has 20 years experience in the financial
Vodafone cuts price of wireless plans
Just a day after Optus said that it was of its prepaid wireless plans, Vodafone has announced it is rolling back prices on its post-paid mobile broadband plans. Vodafone said it would offer 5GB for $39.95 a month instead of $49.95 a month on a 24-month
Coleman joins Amcom Telecommunications
$US1.4 trillion Former managing director of Home Building Society, Craig Coleman, has joined the board of Perth-based Amcom Telecommunications as a non-executive director. Mr Coleman replaces former chief executive of Futuris Corporation Ltd, which is a
Tehran opens telecommunication tower
Extract not available.
Starter Kit De-skills Low Power Wireless Connectivity
Jennic announced a Starter Kit which allows developers with little or no wireless experience to develop products. Priced at $219, the JN5139-EK020 IEEE802.15.4/JenNet Starter Kit uses Jennic JN5139 MCUs and modules as wireless processors or
Apple Jumps to 17% of Smartphone Market
The introduction of the iPhone 3G last July did wonders to pop Apple's place in the smartphone market, with users dumping their phones to switch to Apple's device. But Apple will be hard-pressed to maintain its growth curve as new challengers enter the
Verizon Secure and Ready for Town Hall Presidential Debate
Wireless carrier ready for presidential debate on Oct. 7. NASHVILLE, Tenn., Oct. 6 -- Security won?t be the only thing heightened for the presidential candidates town hall meeting next week in Music City, Verizon Wireless has primed and enhanced its 3G
Analysts cut 2009 cell phone growth estimates (Reuters)
NEW YORK (Reuters) - The global cell phone market should grow at much slower-than-expected rates next year as consumers put off buying new devices due to deepening economic concerns, according to forecasts from analysts. While industry executives often
Survey finds telecommuters more productive, healthy and loyal
A recent industry survey is claiming that workers who telecommute are more productive, healthier, and more likely to stay with their current employer. The study, carried out by the Computer Technology Industry Association, followed some 212 professionals
FCC wins 260 mln euros rail deal in Austria
MADRID, Oct 7 (Reuters) - Spanish building firm FCC on Tuesday said it had landed a deal worth 260 million euros ($353.2 million) to build a high-speed railway tunnel in Austria. Building work is expected to begin in January 2009 and finish in July 2012.

OSS News Review

Telecom News
Telecom news continually updated from thousands of sources around the net.

Selling GM Headquarters

A way to raise cash is what a General Motors official says about possibly selling its downtown Detroit headquarters.


D.Telekom Seeks Stolen Data On 17 Million Mobile Users

Thieves have hijacked sensitive data on millions of Deutsche Telekom mobile phone customers, the German company has acknowledged in its second major security scandal this year.


Corning to cut spending and possibly capacity

NEW YORK - Corning Inc, the world's largest maker of glass for liquid crystal display televisions and computers, said Tuesday that it would cut capital spending in 2008 and 2009, had stopped outside hiring and ...


BlackArrow Secures $20 Million in Additional Funding

SAN MATEO, Calif. - BlackArrow, the independent provider of multiplatform ad-management systems for viewer-controlled video, today announced it has secured $20 million to further product development, expand ...


MetroPCS grows subscriber base

Wireless communications provider MetroPCS Communications Inc. saw its subscriber figures grow in the third quarter.


Traffic Begets More Traffic As Businesses Cope

Congestion in the Washington region is growing worse, and one reason is that businesses, school systems and Metro are forced to use more vehicles to accomplish the same jobs.


Cox Cleared in Verizon VoIP Patent Suit

Unlike its earlier case against Vonage, Verizon's claim of patent infringement on Internet telephony against Cox hits the skids.


T-Mobile Lost 17 Million Subscribers' Personal Data

Deutsche Telekom said it lost personal data for about 17 million T-Mobile Germany customers in the spring of 2006.


Top court stays out of DVR patent fight

The Supreme Court is refusing to disturb a $74 million judgment against Dish Network Corp.


MasTec Lifts 2008 Estimates, To Buy Wind-energy Contractor

Robert Daniel TEL AVIV -- MasTec Inc., the Coral Gables, Fla., contractor focused on building and upgrading communications and utility infrastructure, on Monday updated its earnings estimates and said it would ...


Time Warner, Lin Dispute Turns Cable-Television Signals Off in 11 Markets

Time Warner Cable Inc. viewers in 11 markets including Indianapolis are without some television programming today after the company failed to reach a deal on carriage fees with station owner Lin TV Corp.


Bandwidth.com selects Sonus

WESTFORD, MA. and STAINES, UK, October 2, 2008 - Sonus Networks , a market leader in IP communications infrastructure, today announced that it has completed the first phase implementation of a next-generation ...


Verizon Maintains $28.1B Deal To Acquire Alltel Going Forward

Verizon Wireless maintains its $28.1 billion deal to acquire Little Rock-based Alltel Corp.


General Motors doesn't rule out more restructuring if 'situation deteriorates'

General Motors Corp. doesn't rule out further restructuring if economic times get even tougher and says it is vital that U.S. lawmakers pass a financial bailout package.


IDT Will Work to Restore Compliance With NYSE Listing Requirements

IDT Corporation announced today that the New York Stock Exchange has notified the Company that it does not meet one of the NYSE ' s continuing listing standards.



OSS News Review