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<title>Axial Vector Energy Corporation Enters into Software License Agreement with Broadcast International</title>
<link>./?r=p/1276072313</link>
<description><![CDATA[SALT LAKE CITY, June 8, 2010 /PRNewswire via COMTEX/ -- Axial Vector Energy Corporation - "AVEC" - (Pink Sheets: AXVC) (Frankfurt: BAE1) and Broadcast International - BI - /quotes/comstock/11k!bcst  (BCST  0.86, -0.02, -2.27%)  jointly announced today that AVEC has entered in a software license agreement with BI. AVEC will implement a BI Security Encryption Software Module which is a sub-component of its flagship software platform. Terms of the license agreement were not disclosed.

AVEC is leading the way in providing advanced, next generation alternative energy solutions. In particular, the company has developed an innovative rich-data management platform that optimizes "Smart Grid" technology to dramatically improve power consumption rates and dramatically reduce the costs of delivering power over traditional electrical grids.

By implementing remote access technology to monitor effective power consumption, electrical companies can monitor and throttle the optimal energy rate per consumer based on sophisticated data management communications between the network and the home.

Because of the sensitive nature of both the access to the network and the information flowing over it, it is imperative that communications be compressed, encrypted, and secure. Thus, the drive to partner with Broadcast International. AVEC will embed BI's Security Encryption Software Module, which is a sub-component of the CodecSys(TM) Software Framework. This autonomous module enables a secure "algorithmic" methodology to encrypt both data and video. AVEC will enjoy the highest level of national security data and rich-media transmission.

"We are dealing with some of the most sensitive, real-time information in the world. It is imperative that our communications are protected and secure. We've analyzed software from around the world and have determined that the approach created by Broadcast International to compress and encrypt video brings tremendous value in our data-centric world. Bi will set our solution apart from any other vendor in the world" said Sam Higgins, Chairman, AVEC.

"This license agreement further validates the power of our software platform. We are able to respond to AVEC's requirements by de-coupling our advanced algorithms for video compression and encryption and apply them to this unique application of data communication. This is the exact flexibility that our customers and partners require for the dynamic nature of a software-based encoding platform" said Rod Tiede, CEO Broadcast International.

About Broadcast International

Broadcast International is a leading provider of video-powered broadcast solutions, including IP, and digital satellite, Internet streaming and other types of wired/wireless network distribution. BI's patented CodecSys software is a breakthrough, multi-codec video compression technology that cuts video bandwidth requirements over satellite, cable, IP and wireless networks. By slashing bandwidth needs, CodecSys enables a new generation of applications such as streaming video to cell phones, and offers unprecedented price/ performance benefits for existing applications such as HD video.

Broadcast International is a public company /quotes/comstock/11k!bcst (BCST 0.86, -0.02, -2.27%) headquartered in Salt Lake City, UT. For more information, visit: www.brin.com.

About Axial Vector Energy Corporation

Axial Vector Energy Corporation (AVEC) is a global solutions provider that owns, develops and licenses revolutionary internal combustion engine and electric power generator technologies that have unlimited potential in military, industrial and commercial applications. AVEC and its partners are positioned to become unrivalled leaders in international engine and energy markets with technologies that produce more efficient, cost effective, environmentally sensitive and versatile solutions for use in a wide variety of important applications around the world. The company also owns 40% of Petro Avec.

For Further Information Please Contact:

Axial Vector Energy Corporation info@axialvectorenergy.

Forward-Looking Statements

All statements in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the caption "Additional Factors That May Affect Our Business" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto. In addition, we operate in a highly competitive and rapidly changing environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise any forward-looking statement.

SOURCE Broadcast International

Copyright (C) 2010 PR Newswire. All rights reserve]]></description>
<pubDate>Wed, 09 Jun 2010 04:31:53 GMT</pubDate>
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<title>Software AG Investor Unlikely to Accept Offers, Chief Says</title>
<link>./?r=p/1276072288</link>
<description><![CDATA[By Ragnhild Kjetland

June 9 (Bloomberg) -- Software AG, Germany’s second-largest software maker, has had takeover offers, although its biggest shareholder is unlikely to bite unless the price and timing are right, the company’s chief executive officer said.

Software AG, which counts the 7-Eleven chain of stores in the U.S., Ferrovial in Spain and the City of Munich among customers, is 29 percent owned by the Software AG Stiftung, or foundation.

“There are always companies that are interested in our portfolio,” CEO Karl-Heinz Streibich said in an interview yesterday. “If the price is excellent, if it fits with the strategy and the timing is good, then the foundation might be open to it.” The possibility of a sale is remote, he said.

The CEO said Software AG would “definitely” be a good fit for SAP AG, the world’s biggest business-management software company, commenting on persistent speculation of the two firms combining. SAP, which last month agreed to buy Sybase Inc. for $5.8 billion, told shareholders at the company’s annual general meeting yesterday that it is targeting more acquisitions as it seeks to win market share.

“We continue to search for acquisitions to provide us with innovative functionality and software,” SAP Co-CEO Jim Hagemann Snabe said at the meeting in Mannheim, Germany. “We are also open to larger acquisitions.”

The German company is fending off competition from Oracle Corp., which has spent more than $42 billion on 64 companies since January 2005. SAP bought Business Objects in 2007 for 4.8 billion euros ($5.7 billion).

Economic Woes

Software AG, based in Darmstadt, Germany, has a market value of about 2.4 billion euros. Software AG’s Streibich declined to say whether he would favor a combination with SAP.

“That’s a question for the shareholders,” he said.

Software AG’s shares fell 0.9 percent to 83.10 euros yesterday. The stock has gained 8.8 percent this year.

Separately, Streibich said it is “conceivable” that the crisis sparked by concern over European government debt could result in second general financial crisis.

“I don’t think governments are in a position to really reduce their debts,” he said. “Because politicians always do what they can to win votes, and they do what they can to improve the lives of voters, they will always increase their debts,” Streibich said. “It is a systemic crisis of politics and isn’t limited to just one country or one economy.”

The CEO said the decline of the euro against the U.S. dollar is having “seriously” positive effects on Software AG’s sales. He declined to give details, adding that the group’s published targets for 2010 remain valid.

The company said in April its sales this year will increase between 25 percent and 30 percent from 847.4 million euros, and net income will increase between 8 percent and 12 percent from 141 million euros.

--Editors: Jim Silver, Vidya Root.

To contact the reporter on this story: Ragnhild Kjetland in Frankfurt rkjetland@bloomberg.net.

To contact the editor responsible for this story: Vidya Root at vroot@bloomberg.net]]></description>
<pubDate>Wed, 09 Jun 2010 04:31:28 GMT</pubDate>
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<title>Business news in brief | More job openings; consumer angst; Lexmark closes deal for Perceptive Software of Shawnee</title>
<link>./?r=p/1276072269</link>
<description><![CDATA[
More jobs open …

Job openings jumped in April to a 16-month high, the Labor Department said Tuesday. That’s a sign that private employers could boost hiring. The government put the number of jobs advertised at the end of April at 3.1 million, up from 2.8 million in March. What’s more, private employers accounted for the entire net gain in job openings. The government’s advertising for jobs decreased, despite the hiring of hundreds of thousands of census workers in May.

… But more angst

The Consumer Reports Index, from monthly polling by the magazine’s National Research Center, showed some dispiriting results this month. Missed mortgage payments were up sharply, from 2.5 percent to 3.9 percent, the highest since the index began in April 2009. More people, 16.4 percent versus 13.7 percent in May, had trouble paying medical bills. And the consumer sentiment index was flat at 45.0. Anything under 50 indicates more people feeling worse off than a year ago.

Sale a reality

Printer and copier maker Lexmark International has closed its $280 million cash acquisition of business software company Perceptive Software of Shawnee. Perceptive’s content management software is used in higher education and health care and by government agencies. Lexmark said the deal would provide additional revenue streams in software maintenance and professional services that were not paper-dependent like its traditional business. The purchase was announced last month.

Dividend blowout

BP PLC will pay shareholders $2.63 billion in dividends on June 21, as the company had announced just a week after its well explosion in the Gulf of Mexico. As the resulting spill has continued, lawmakers have urged the company to postpone its dividend. BP hasn’t announced dividend plans yet for future quarters. The company paid more than $10 billion to shareholders in 2008 and 2009. Analysts expected it to pay out $10.5 billion this year.

No tax-evasion deal

Switzerland’s effort to end a tax-evasion dispute with Washington hit a setback Tuesday when Swiss lawmakers blocked a treaty under which the largest Swiss bank would give U.S. authorities files on thousands of American clients. The Swiss government and Washington had painstakingly worked out the treaty last August to resolve a long-standing dispute over UBS AG’s alleged role in aiding tax evasion, but 104 nationalist and left-wing lawmakers in Switzerland’s lower house, the National Council, voted against the deal, compared with 76 in favor.

Cheap eats

McDonald’s extended its winning streak in May as customers bought more of the fast-food chain’s value items and took to its new iced-coffee line, the world’s largest burger chain said Tuesday. But McDonald’s also said it would take a hit to its full-year profit because of the weak euro, which accounts for 25 percent of its operating income.

Sales in locations open at least a year rose 4.8 percent around the globe last month. The measure rose 3.4 percent in the U.S. to extend a streak of gains recorded since February.

Circling the wagons

Casey’s General Stores Inc. of Iowa is telling its shareholders to reject a hostile

$1.9 billion buyout offer from the owner of Circle K convenience stores. Casey’s board says the $36-a-share bid from Canada’s Alimentation Couche-Tard Inc. is too low and isn’t in Casey’s best interest.

Couche-Tard has 3,500 stores across the U.S. while Casey’s has about 1,500 convenience stores, mostly in the Midwest. Couche-Tard took its bid directly to shareholders in a tender offer.

Novartis MS pill

Federal health regulators said Tuesday a highly anticipated Novartis drug for multiple sclerosis appears effective. But serious side effects occurred in at least 8.5 percent of patients taking the drug Gilenia, compared with 5.8 percent of patients taking older multiple sclerosis drugs.

Swiss drugmaker Novartis has asked the Food and Drug Administration to approve Gilenia to treat patients with relapsed multiple sclerosis, which causes tremors and movement problems. The drug is a daily pill and would offer an alternative to older injectable drugs.

Microsoft bonds

Microsoft is planning to raise $1.15 billion by selling convertible debt to institutional investors. The proceeds will be used to repay debt. The senior notes due 2013 can be converted into cash, stock or a combination of both. Microsoft also is offering an additional $100 million in senior notes if there’s excess demand.

| Staff and wire reports

Read more: http://www.kansascity.com/2010/06/08/2003018/business-news-in-brief-more-job.html#ixzz0qLJV2ti6
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<pubDate>Wed, 09 Jun 2010 04:31:09 GMT</pubDate>
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<title>2nd UPDATE: US Patent Office Rejects TiVo&#039;s Software Claims</title>
<link>./?r=p/1276072220</link>
<description><![CDATA[    (Adds details at the bottom about AT&T and Verizon.)     By Roger Cheng    Of DOW JONES NEWSWIRES  

NEW YORK (Dow Jones)--Dish Network Corp. (DISH) and Echostar Corp. (SATS) scored a legal victory after the U.S. Patent and Trademark Office ruled that TiVo Inc.'s (TIVO) patent claims over its "time-warp" digital video recorder technology were invalid.

The ruling comes after a second reexamination of the patents by the PTO. Dish and Echostar applauded the ruling, and TiVo said it would follow up with additional arguments.

The action doesn't stop a separate review of the patent infringement case, which has leaned heavily in TiVo's favor and could still lead to the satellite companies paying damages to the set-top box maker. But the PTO ruling could have ramifications for TiVo's case against AT&T Inc. (T) and Verizon Communications Inc. (VZ) over their DVR services.

TiVo shares closed down 5.5% at $7.70, while Dish Network Corp. (DISH) and sister company EchoStar Corp. (SATS) finished at $19.97 and $20.50, up 5 cents and 1.1%, respectively.

The companies have been in a years-long battle regarding the rights to technology that allows someone to pause, rewind and fast-forward through live television. A jury in 2006 found Dish and EchoStar liable for infringing TiVo's DVR patent when they began making their own set-top boxes. The companies are going through a process called an en banc review to establish the legal ramifications of the decision, but most on Wall Street believe TiVo will eventually emerge victorious.

A federal judge imposed contempt sanctions last year after finding that a technological redesign developed by EchoStar and Dish still infringed TiVo's patent. The companies had argued their alternative removed all the DVR features that TiVo had accused of infringement. The en banc review will determine if the injunction and finding of contempt by both the district court judge and appeals court were appropriate.

A federal appeals court in March handed a key legal victory to TiVo, temporarily clearing the way for it to collect about $300 million from the duo. But the panel last month said it would rehear the matter.

The en banc review is expected to wrap up before the PTO case, because TiVo still has the option to appeal the PTO decision. As a result, Dish and EchoStar could potentially pay TiVo damages even if the PTO case goes on. But the PTO decision over the invalidity of the patents could affect the size of the damages TiVo is entitled to get.

Dish and EchoStar said in a statement Tuesday that the claims rejected by the patent office are the same as those pending before the appeals court. TiVo called the patent-office move "separate and apart" from the appeals court matter.

While expressing disappointment with the so-called final action, TiVo also noted that previous final actions invalidating claims were ultimately reversed by the patent office.

Beyond Dish and EchoStar, TiVo next faces a similar patent case against AT&T and Verizon. Both offer DVR services that TiVo claims infringes upon its technology, but the company faces two telecommunications giants with more legal resources and a history of dealing with claims of intellectual property.

Microsoft Corp. (MSFT), which runs AT&T's TV service, has countersued TiVo on behalf of the telco. Verizon has purchased several patents to bolster its position.

 

-By Roger Cheng, Dow Jones Newswires; 212-416-2153; roger.cheng@dowjones.com

(Kevin Kingsbury contributed to this report.) ]]></description>
<pubDate>Wed, 09 Jun 2010 04:30:20 GMT</pubDate>
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<title>BASF, Bilfinger, Salzgitter, Software AG: German Equity Preview </title>
<link>./?r=p/1276072197</link>
<description><![CDATA[ June 9 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses and prices are from the last close.

DAX Index futures expiring in June rose 0.6 percent to 5,887.50 as of 8:16 a.m. in Frankfurt. The benchmark DAX Index lost 0.6 percent to 5,868.55 yesterday.

Adidas AG (ADS GY): Chief Executive Officer Herbert Hainer said “there is a good chance” for the company to expand its market leadership as a soccer sports brand with the World Cup tournament and that he is “more than satisfied” with sales numbers so far, the Financial Times reported, citing an interview. The shares were unchanged at 41.71 euros.

BASF SE (BAS GY): The world’s biggest chemical company reiterated that it expects to double annual sales in the Asia- Pacific region to 20 billion euros ($23.9 billion) by 2020 from 2008. The shares rose 0.7 percent to 43.10 euros.

Bayer AG (BAYN GY): The drugmaker’s future Chief Executive Officer Marijn Dekkers will concentrate on increasing sales and profit instead of focusing on most efficient businesses to boost margins, Financial Times Deutschland reported, citing talks between Dekkers and analysts. The shares slipped 0.1 percent to 46.52 euros.

Bilfinger Berger AG (GBF GY): Germany’s second-biggest builder was cut to “hold” from “buy” by a Standard & Poor’s equity analyst. The shares dropped 1.1 percent to 44.65 euros.

K+S AG (SDF GY): Europe’s biggest potash producer is considering selling its Compo home-and-garden fertilizer unit to focus on potash and salt. The shares declined 0.3 percent to 36.80 euros.

Salzgitter AG (SZG GY): Germany’s second-biggest steelmaker was downgraded to “neutral” from “outperform” at Credit Suisse Group AG. The shares slid 1.3 percent to 48.39 euros.

Software AG (SOW GY): Germany’s second-largest software maker has had takeover offers, although its biggest shareholder is unlikely to bite unless the price and timing are right, the company’s chief executive officer said. The shares fell 0.9 percent to 83.10 euros.

Symrise AG (SY1 GY): The world’s fourth-biggest maker of scents and flavors was raised to “overweight” from “equal- weight” at Morgan Stanley. The shares gained 0.1 percent to 16.55 euros.

To contact the reporter on this story: Julie Cruz in Frankfurt at jcruz6@bloomberg.net ]]></description>
<pubDate>Wed, 09 Jun 2010 04:29:57 GMT</pubDate>
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<title>PhillyDeals: SAP to replace American Water&#039;s software</title>
<link>./?r=p/1276071121</link>
<description><![CDATA[American Water has picked SAP North America of Newtown Square over rival Oracle Corp. to replace its decade-old customer, financial and operating software.

It's a big win for SAP: The cost "will be in the $250 million-to-$300 million range over a five-year period," John S. Young, chief water technology officer at Voorhees-based American Water, told me.

The for-profit, investor-owned company has bought municipal and private water systems around the United States. Why aren't homegrown and off-the-shelf computer systems good enough?

"What a customer wants today is drastically different from what they expected a dozen years ago," Young told me. "They want bills over the Internet. They want self-service. Our old systems couldn't do these things."

The company software-shopped for a year. "There's SAP, and there's Oracle, and then there's a lot of niche players," Young said. "We were looking for an end-to-end system: Enterprise resource software. Finance. HR. Procurement. Enterprise asset management - how we manage the pipes and the pumps and the treatment plants. And, finally, a customer information system linking callers to phone centers in Illinois and Florida."

The more you can buy from one vendor, the better the systems tend to fit. So, for example, when a pipe breaks, employees can quickly find the leak, warn customers, stop the flow, make repairs, and send payments.

Young's staff weighed basic questions: "What does the hardware cost? How easy can we train people?" SAP needed fewer computer servers than Oracle. But SAP also had a reputation for being hard to learn. "We talked to enough users who said . . . they wouldn't give it up. So, including the price, we decided to go to SAP."

Most years, American Water spends $20 million to $30 million of its $800 million-plus capital budget on software upgrades. Adding SAP will roughly triple that budget for five years.

SAP North America president Robert Enslin promised the spending will buy more efficient systems. But Young said American Water can't yet estimate savings, or improvements.

In time, "we'll dive down and [find] the efficiencies," he added. "We'll put the numbers through rigorous scrutiny. Because we know our regulators will," when American Water goes to "recover the costs" from state public utility commissions, through higher water rates.

Workers go home
With just a few "no" votes, from around Philadelphia, Pennsylvania's House of Representatives Tuesday approved a pair of bills (H.B. 1502 and 1503) to force builders in the state to use the federal E-verify program to prove workers have valid Social Security numbers and are in this country legally.

Lead sponsor Rep. John Galloway (D., Bucks) told me he wished the bills would apply to all Pennsylvania companies, but he couldn't get colleagues to go that far. Citing 2007 research by the Pew Hispanic Center, he estimated at least 18,000 foreign construction workers labored illegally at the state's job sites.

"I have no idea, and I don't care" how much extra it would cost if builders are forced to hire Americans at higher wages, he said. It's more important to punish contractors who "exploit" workers here illegally.

American Civil Liberties Union of Pennsylvania lobbyist Andy Hoover calls the bill "an invasion of privacy" and predicts federal courts will rule it unconstitutional because the federal government, not the states, is supposed to enforce immigration laws.

Fair tax?
Rep. Tony Payton (D., Phila.) Tuesday introduced a bill (H.B. 2560) to cut the state's corporate net income tax rate to 7.9 percent, from 9.9 percent, and require combined reporting by corporate affiliates, which backers say would close lucrative Delaware tax shelters to companies here.

Payton said the bill renewed recommendations by the state tax-reform commission that failed to pass five years ago.

"This is the fairest way of making us more competitive," he told me. "I hope to start discussions with the leadership as we debate our budget" this summer.

Read more: http://www.philly.com/inquirer/business/20100609_PhillyDeals__SAP_to_replace_American_Water_s_software.html#ixzz0qLEg0aYi
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<pubDate>Wed, 09 Jun 2010 04:12:01 GMT</pubDate>
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