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Rail Vision's Main Line System Successfully Secures Approval and Certifications and for EU Railway Standards
When I see credit facility I sell stock. Got out even and goodbye
$RVSN: Demand should increase with Norfolks OHIO Crash
I'm surprised its at $1.89 here............ but given the severity of this Case, $RVSN should be at $25sh.
Expecting to see CN Rail, Norfolk and KSC enlist RailVision to help them going forward.
THere will be more accidents in the future unless they utilize $RVSN services.
GO $RVSN
RVSN has been assigned to Rail Vision Ltd., ****not to be confused with Radvision that had its SEC registration revoked in 2012.
New ticker changed submitted to Admin.
https://www.sec.gov/Archives/edgar/data/1743905/000121390022015148/ea157411-8a12b_railvision.htm
$RVSN: RailVision now showing commercials on CNBC $RVSN Rail Vision’s cutting-edge, A.I.-based obstacle detection technology is ushering in a new era of train safety - https://t.co/2SDLJhRINE#Railvision #safety #smallstock #stockmarket #train #AI
HMMmmmmmmmmmmmmmmmmmmmmmmm.................... now at $1.62
https://www.railtech.com/innovation/2023/02/07/rail-vision-secures-first-deal-for-ai-based-obstacle-detection-systems/?gdpr=accept
- Disclaimer -https://t.co/igH3Tuxynu https://t.co/vptFRSlVEk
Interesting.
GO $RVSN
Thanks, Gixxer, Radvision is being acquired.
RVSN delisted:
06/05/2012 07:15:18 RVSN RADVision Ltd. NASDAQ D 06/06/2012
http://nasdaqtrader.com/Trader.aspx?id=TradeHalts
More fresh news out: Check it out yall! Big train startin to leave ze station here, don't miss it!
RADVISION Receives 2010 Communications Solutions Product of the Year Award
RADVISION SCOPIA Video Gateway for Microsoft Lync 2010 Recognized for Outstanding Innovation
Press Release Source: RADVISION On Wednesday July 27, 2011, 8:00 am EDT
TEL AVIV, Israel--(BUSINESS WIRE)-- RADVISION® Ltd. (Nasdaq:RVSN - News) announced today that TMC, a global, integrated media company, has named the RADVISION® SCOPIA® Video Gateway for Microsoft Lync 2010 as a recipient of a 2010 Communications Solutions Product of the Year Award. The SCOPIA Video Gateway for Microsoft Lync allows people to use standards-based video and telepresence systems, such as those from Cisco/Tandberg, Logitech/LifeSize and Polycom, within a Lync unified communications (UC) environment. This approach helps provide users with flexibility and choice of which visual communications systems they use and does not compromise the Lync desktop user experience.
The SCOPIA Video Gateway for Microsoft Lync helps provide a cost-effective and easily deployable solution as it does not require large-scale software or firmware upgrades on currently deployed video conferencing systems when used with Microsoft Lync. This gateway technique provides connectivity between the two environments and allows any H.323 video conferencing system to register to the Microsoft Lync Server 2010 and act like a native Lync client. Its presence will display in the Lync contact list including offline, available or in a call, and calls can be made to the video system in HD quality using the familiar click-to-call Lync user interface.
“We’re delighted to receive this award from the team at TMC,” said Teddy Flatau, Vice President of Products for RADVISION. “RADVISION developed the SCOPIA Video Gateway for Microsoft Lync as a way to help customers with existing video deployments maximize the return on their existing investments. The gateway solution that we offer helps enable them to do this, whereas a native video solution doesn’t provide interoperability to the vast majority of the estimated two million video conferencing systems deployed and in use today. Our gateway bridges the worlds of traditional video and emerging unified communications, and we’ll continue delivering innovative solutions for our customers investing in UC.”
“RADVISION was chosen to receive a 2010 Product of the Year Award for creating exceptional advancements in unified video communications,” said Rich Tehrani, CEO, TMC. “The SCOPIA Video Gateway for Microsoft Lync has shown benefits for its customers and provides ROI for the companies that use it. Congratulations to the entire team at RADVISION. I look forward to more innovative solutions from them in the coming year.”
The Communications Solutions Product of the Year Award recognizes the vision, leadership, and thoroughness that are characteristics of the prestigious award. The most innovative products and services brought to the market from March 2010 through March 2011 were chosen as winners of the Communications Solutions Product of the Year Award.
The 2010 Communications Solutions Product of the Year Award winners are published on the INTERNET TELEPHONY and Customer Interaction Solutions Web sites.
About RADVISION
RADVISION (Nasdaq:RVSN - News) is the industry’s leading provider of market-proven products and technologies for unified Visual Communications over IP, 3G and IMS networks. With its complete set of standards-based video communications solutions and developer toolkits for voice, video, data and wireless communications, RADVISION is driving the Unified Communications evolution by combining the power of video, voice, data and wireless – for high definition Video Conferencing Systems, innovative converged mobile services, and highly scalable video-enabled desktop platforms on IP, 3G and emerging next-generation IMS networks. To gain additional insights into our products, technology and opinions, visit blog.radvision.com. For more information about RADVISION, visit www.radvision.com.
About TMC
Technology Marketing Corporation (TMC) is a global, integrated media company helping clients build communities in print, in person, and online. TMC publishes Customer Interaction Solutions, INTERNET TELEPHONY, Unified Communications, NGN and InfoTECH Spotlight magazines. TMCnet.com, which is read by two million unique visitors each month, is the leading source of news and articles for the communications and technology industries. TMC is the producer of ITEXPO, the world’s largest and best-attended IP Communications event. ITEXPO West 2010 was ranked #3 on Trade Show Executive’s Fastest 50 Award List. For more information about TMC, visit www.tmcnet.com.
Nice chart and news today~ I'm in :)
RADVISION Video Conferencing Solution Receives UC APL Certification from U.S. Federal Government
RADVISION SCOPIA Elite 5000 Series MCU Provides Federal Agencies with Fully Interoperable and Secure Video Conferencing and Telepresence Platform
FAIR LAWN, N.J. & TEL AVIV--(BUSINESS WIRE)-- RADVISION® Ltd. (Nasdaq: RVSN), a leading technology and end-to-end solution provider for unified visual communications, today announced it received Unified Capabilities Approved Product List (UC APL) certification from the U.S. Department of Defense (DoD) for the SCOPIA Elite 5000 Series MCU. The UC APL certifies that the product in question has passed a stringent set of security-based information assurance and interoperability tests administered through the Joint Interoperability Test Command (JITC), ensuring the solution can be placed on the DoD Network.
As the sole interoperability certification authority for the DoD, JITC tests information technology and national security systems for interoperability. JITC has the capability to replicate strategic and tactical joint architectures and provides a single source for evaluating video conferencing systems for military programs and commercial vendors.
The SCOPIA Elite MCU with support for interconnecting the latest HD video conferencing, immersive telepresence and mobile devices, hosts multi-party video conferences. Utilizing the latest in DSP technology, SCOPIA Elite supports full 1080p HD along with RADVISION’s unique H.264 SVC implementation enabling full interoperability with standards-based systems, along with high error resilience, particularly effective for systems deployed on tactical networks in the field. SCOPIA Elite’s capacity model offers up to four times the capacity in resolutions lower than HD, cost effectively delivering HD and standard video in a single platform. This functionality is implemented through SCOPIA Elite’s Advanced Telecommunications Computing Architecture (ATCA) for the strict uptime and supportability requirements of demanding deployments such as those of the Department of Defense.
The SCOPIA Elite MCU provides the most interoperable, multi-vendor, multi-stream telepresence solution in the market. The Telepresence Interoperability feature enables multi-party video conferencing with telepresence systems from Cisco, Logitech/LifeSize, Polycom and Tandberg telepresence and any standards-based video conferencing system. Users participating with traditional video conferencing systems see telepresence participants in a special video layout where multiple video streams are combined into a single panoramic image. Telepresence users no longer have to be stranded in their closed solutions with SCOPIA Elite’s breakthrough telepresence interoperability technology.
"Use of visual communications continues to grow across the federal sector, and JITC certification is absolutely crucial to serving the needs of our customers,” said Paul A. Zielie Jr., Principal Systems Engineer, Advanced Technology and Presentation Systems, Lockheed Martin Information Systems and Global Solutions.
"RADVISION is fully committed to delivering secure, end-to-end visual communication solutions that offer the quality, flexibility and most importantly the interoperability requirements of the federal sector," said Gary McGuire, Director of Federal Programs, RADVISION. "Our SCOPIA Elite platform meets each of these needs and surpasses our competition on interoperability and quality. This certification will help open doors for our partners and enable the government sector to deploy the industry’s most innovative video conferencing platform with confidence."
Availability
The RADVISION Elite 5000 Series MCU is now available from RADVISION channel partners through GSA contract GS-35F-0506S. RADVISION solutions on the Department of Defense Unified Capabilities Approved Products List (UC APL) can be found by clicking here (select RADVISION from vendor field).
About RADVISION
RADVISION (Nasdaq: RVSN) is the industry’s leading provider of market-proven products and technologies for unified Visual Communications over IP, 3G and IMS networks. With its complete set of standards-based video communications solutions and developer toolkits for voice, video, data and wireless communications, RADVISION is driving the Unified Communications evolution by combining the power of video, voice, data and wireless – for high definition Video Conferencing Systems, innovative converged mobile services, and highly scalable video-enabled desktop platforms on IP, 3G and emerging next-generation IMS networks. To gain additional insights into our products, technology and opinions, visit blog.radvision.com. For more information about RADVISION, visit www.radvision.com.
Read more: http://www.nasdaq.com/aspx/company-news-story.aspx?storyid=201107260915bizwire_usprx____bw6100&title=radvision-video-conferencing-solution-receives-uc-apl-certification-from-us-federal-government#ixzz1TEFMYIUP
I can't respond on the board anymore.
But no, there's no "knowing" about anything. I've already added at .065 and I already own some at .035. I'm not throwing more good money after bad. There's the whole risk/reward factor that I take into consideration
Radvision (Nasdaq: RVSN; TASE: RVSN) CFO Tsipi Kagan was recently interviewed by telephone on the “Mad Money” program, by host James Cramer, who as usual, was very brief and matter of fact. As far as I can recall, Cramer has spoken favorably of Radvision in the past, and what he in effect said this time round was that if conference calls are clearer today than they were before, then Radvision will undoubtedly be assured of success; and with partners like Cisco Systems Inc. (Nasdaq: CSCO), a bonanza is now even more likely. I quite definitely agree with him on this.
Tsipi Kagan, whom I have known since she was senior manager at Ernst & Young Israel, knows how to play the game. Bear in mind that you get no more than 15 seconds to have your say on Cramer’s show, and Kagan did very well. There can be no doubting that Cramer is very important to any company listed on Wall Street, for better or worse. I say for worse too, because it’s sometimes difficult to fathom out exactly what makes this capable individual tick. Did he, for example, compare Radvision with its competitors? The reputed investment house Cantor Fitzgerald & Co (which lost most of its staff in the September 11 attacks), issued a “Hold” rating for Radvision at the end of October, and Cramer, with his typical gentility, brushed aside Cantor’s reservations.
Of course, having Cisco as its largest customer has many more advantages than disadvantages for Radvision, dependence notwithstanding. I too believe that it is one of the more interesting companies, with a tremendous potential, but what we need to ask here is whether it would be responsible to rate it “Buy” at current prices. Six analysts have rated Radvision “Buy” and two have rated it “Hold.” The analysts’ consensus earnings per share estimate for 2006 is $0.84 and $1 in 2007, which sets the multiples for these years at 24 and 20, not expensive but certainly not cheap.
Last month, Global consulting company Frost & Sullivan awarded Radvision its 2006 competitive strategy leadership award for its distinctive market strategies in the Asia Pacific videoconferencing infrastructure systems market. While Cisco is, without doubt, a major customer, Sony Corporation, Aethra SpA (a global video conferencing solutions company headquartered in Italy), and several other giants are as well. Frost & Sullivan industry analyst Yen Yen Har explained that “Radvision’s active participation in industry consortia and continuous review standards developed by international bodies have further reinforced its position as a technology forerunner in the Asia Pacific videoconferencing infrastructure
Radvision was co-founded in 1992 by the Rad Group and Eli Doron. For common people, it could be described as a company that produces infrastructure for video, image and data networking solutions. Its current CEO is Boaz Raviv, a business development professional (usually the right kind of person for this role), and its chairman is Zohar Zisapel. Having studied its behavior, a trait which reflects the company’s business practices, I have no doubt that this is a stock which is heading upward, as the company simultaneously increases its market share on the one hand, and streamlines its existing market share on the other. I am confident that Cramer will be proved right in the long-term but for now I wouldn’t be in a rush to go anywhere.
http://www.globes.co.il/serveen/globes/docview.asp?did=1000153061&fid=1052
Jim Cramer plugs Radvision again
14.11.06 | 11:30 By Shirley Yom-Tov
When Wall Street guru Jim Cramer thinks a stock will be a bonanza, everybody knows about it, thanks to his TV show on CNBC. And one of the stocks he likes is the Israeli company Radvision (Nasdaq: RVSN) .
Cramer has given the Tel Aviv-based videoconferencing technology company and its sector a lot of exposure on his show. He has even invited its top people to talk on TV: once Gadi Tamari, former CEO and last night Tsipi Kagan, its chief financial officer, who didn't make a personal appearance but did talk on the phone.
The red-haired commentator is a colorful personality, some might say eccentric, but he certainly has influence on the Street. Regarding Radvision, after the closing, the stock advanced another 4.5% last night. In Tel Aviv as of writing it's up 1%, slightly above its starting 0.7% arbitrage gap.
What did they talk about? Kagan described to Kramer how videoconferencing technology has advanced in the last 20 years, thanks to Internet and broadband technologies. Also, the entry of big boys like Cisco, IBM and Microsoft advanced the field, she explained.
Cramer then presented one analyst's report, discussing the company's dependence on Cisco as a client: it was responsible for 27% of the Israeli company's income. If anything, Kagan rebutted, Radvision thinks it's super to have a partner like Cisco. "John Chambers" - the CEO of Cisco - "says that video is a killer application, and we agree with him," she said.
Cramer also yelled that he wouldn't be afraid to have a partner like Cisco, and ended the piece with an animation of two bulls running toward a screen, which is Cramer-speek for his opinion that the stock will advance.
In the last year shares in Radvision have gained 37%, lifting the company's market cap to $450 million.
http://www.haaretz.com/hasen/spages/787841.html
Seems Cramer interviewed CEO last night...pre market up...and most of the conversation was very positive about their relationship with CSCO, and now IBM..
Not likely.
Dubi
CSCO new tleconferencing product Telepresence
Is RVSN involved?
http://money.aol.com/news/articles/_a/cisco-announces-the-cisco-telepresence/n20061023060809990012
Radvision's vision is now apparently becoming reality in a big way. Also, EZChip expects to sell its networking cards to the big players.
Shlomi Cohen 10 Oct 06 14:30
Video is a rapidly heating-up field of technology, and in coming years it will provide us with small and middle-sized niche companies with rapid growth in sales and profit. One such example is Sigma Designs Inc. (Nasdaq: SIGM), which specializes in Internet protocol television (IPTV) alongside Cisco Systems Inc. (Nasdaq: CSCO), which returned to double digit growth of at least 20% after several years of stagnation following the collapse of the bubble. After having climbed 40% since the beginning of August, Cisco will probably rise further this week on the back of a complimentary article in “Barron’s”, which claims that web-based video will be one of Cisco’s main growth engines in coming years.
“Barron’s” also mentions in its article several small and medium sized video technology companies such as Polycom Inc. (Nasdaq: PLCM), which has a market cap of $2.3 billion, and which acquired the Israeli company Accord Networks several years ago. It also mentions Polycom’s Israeli competitor, Radvision (Nasdaq: RVSN; TASE: RVSN), which has a market cap of $400 million, and which is likely to receive added momentum as a result, after rising 8.2% last week.
Radvision will not issue a warning, and it will publish its latest financial report on October 26. It will, I believe, have a lot to say about the wave of activity sweeping through all the video niches, from video conference calls between desk tops that can be found at any enterprise, to 3G technology applications on mobile handsets. I stress again that at $18, Radvision is still cheap, given that it has around $6 per share in cash, no debts, annual sales that are expected to be in excess of $105 million, and earnings per share of more than $1, both in 2007.
In an interview with “Barron’s” yesterday, Radvision CEO Boaz Raviv talked about an application that his company has developed for home use, which will enable video calls to be made via the television screen. He also told of the joint mega contract win with the US Department of Defense, for Cisco, Northrop Grumman (NYSE: NOC) and Radvision, which are building the world’s largest video conference network with 1,500 points.
I recall a personal interview given by Radvision chairman Zohar Zisapel, a serial entrepreneur with holdings in many companies and fields, during the collapse of the bubble. Asked which application he thought would be a hot item in a few years time, he named video conferencing calls. ‘What on earth is he talking about and who really cares,’ I said to myself back then. Zisapel’s dream is now apparently becoming reality in a big way. Sensing the impending boom, he also substantially increased his holdings, buying millions of dollars worth of shares. These probably included stock previously owned by hedge fund Saranac Capital Management, which had to sell all its assets, including its substantial holdings in Radvision.
http://www.globes.co.il/serveEN/globes/docView.asp?did=1000140647&fid=1176
Oscar Gruss upgrades Radvision to Buy
10.10.06 | 21:33 By Omri Cohen
Oscar Gruss has upgraded Radvision (Nasdaq: RVSN) from Hold to Buy on assessments that videoconferencing will become more popular.
The review assuages fears of a possible earnings warning from the Israeli company.
Analyst Ehud Eisenstein gives the stock a $22 12-month price target, which is 19% above its present level on Nasdaq.
Radvision specializes in videoconferencing technology, including for cellular applications and PCs. Eisenstein had downgraded the company to Hold two years ago based on weakness in the company's core business, which is videoconferencing technology for conference rooms.
Sales of systems for conference rooms constituted 44% of Radvision's second-quarter sales, Eisenstein says, rising to $22 million. He foresees steep 21% growth in the third quarter and 29% growth in the fourth, compared with the parallel quarters of 2005.
For the year 2006 Eisenstein projects sales of $89 million, a 17.5% increase from the year before.
Checking with distributors showed a healthy business environment, he says, partly because of technological advances that make videoconferencing more efficient. Deployment has also increased, allowing better product pricing.
Radvision markets its videoconferencing technology in the U.S. via none other than Cisco Systems.
http://www.haaretz.com/hasen/spages/772864.html
RAD Data Communications wins AICC award
RAD received the “Deal of the Year” award together with its partner Bell South for their work on the restoration of broadband communications in New Orleans, following the devastation of Hurricane Katrina.
Ran Dagoni, Washington 7 Jun 06 15:53
RAD Data Communications Ltd., controlled by Zohar Zisapel, and its partner, BellSouth (NYSE: BLS), have won the American-Israel Chamber of Commerce (AICC) “Deal of the Year” award at yesterday’s Eagle Star Awards Gala for their work on the restoration of broadband communications in New Orleans, following the devastation of Hurricane Katrina.
In a competitive environment, RAD was awarded a contract with BellSouth to replace an existing router product that was successfully utilized in providing wireless broadband service to restore data communications to New Orleans immediately following the devastation of Hurricane Katrina last year. Three wireless base stations were installed on the city’s tallest building to provide high-speed internet access, allowing businesses to communicate with their customers and other companies.
TesCom Software Systems Testing Ltd. (TASE:TSCM; AIM:TSCM) won AICC’s Israeli company of the year award. Tescom held an IPO on the Tel Aviv Stock Exchange (TASE) in 2004 and then made a further share offering on London’s Alternative Investment Market (AIM) in the following year.
Managed by an Israeli and American team, the company US headquarters are in Atlanta, Georgia, from where it serves leading clients in the South East, among them parcel delivery company United Parcel Service Inc. (NYSE: UPS), The Center for Disease Control (CDC), City of Atlanta, and the Georgia Department of Transportation. AICC South Eastern Region president Tom Glaser told “Globes” that, in recent years, Atlanta has become one of the largest technology centers in the US, and a focal point for many Israeli companies, which chose it as their base for operations in North America.
ISV Alliances & GTM vice president Mark L. Hanny, who oversees IBM’s Global Technology Unit in Israel was the keynote speaker at the ceremony. He said that IBM’s management had already identified the Israeli technology market as one of the foundations of the company’s strategy. He stressed that Israeli companies had influenced the multi billion dollar global information technology market, and contributed to the creation of its revenue. Almost 90% of the influence generated by Israeli technology is felt outside Israel, he claimed.
Hanny added that 2000 high-tech companies operate in Israel, including start-ups, and that in absolute terms, only the US has more companies. Israel is second only to the US in the number of Nasdaq-listed companies and it is no coincidence that more 70 venture capital firms have offices in Israel.
Published by Globes [online], Israel business news - www.globes.co.il - on June 7, 2006
Dubi
RAD-Bynet closing down Modules Telemetry
By Eran Gabay
Startup couldn't drum up sales and Yehuda Zisapel had enough after $6 million in investments
Hi-tech serial entrepreneur Yehuda Zisapel is closing down Modules Telemetry Solutions, the startup he founded with Uri Gur. It is a sorry end for the startup that the MIT Enterprise Forum named to be one of the most promising for the year 2000.
Modules had operated as part of the Tel Aviv-based RAD Bynet group. TheMarker has learned that the startup will not be paying compensation to the 14 employees who were fired, though it has to under law.
Modules was founded six years ago to devise solutions for telemetry (electronic devices for the transmission of data to remote sites. For instance, NASA points out, satellites can use telemetry systems to relay data about their health to control stations).
Some $6 million had been invested in Modules, mainly by Yehuda Zisapel himself.
Uri Gur is the son of a famous Israeli general, Mota Gur. He is the brains behind the company, which tapped investors for $600,000 just six months ago.
The company was supposed to create a solution for smart homes, by connecting electronic home systems to the Internet and to cellular networks. Its technology was supposed to be integrated by the electronic appliance makers, and to enable people to control their home devices from afar using the Internet or cell phone.
Modules established operations in Britain and Italy, but its progress was glacial and investors decided to shut it down. The company failed to reach a tenth of its sales milestone and couldn't seem to break through the barrier of a few hundred thousand dollars worth of sales a year.
Uri Gur commented that the company is being shut down, but he will try to save its inventory and support clients. He refused to comment on withholding pay from workers.
http://www.haaretz.com/hasen/spages/723100.html
Dubi
Digital Media Innovator Vizrea Selects Radware Application Delivery Solution for New Mobile Camera Phone Service
Wednesday May 31, 5:30 am ET
Radware to speed performance and enhance security for online service that enables users to share and manage digital content between mobile phones, PCs and the Web
MAHWAH, N.J., May 31 /PRNewswire-FirstCall/ -- Radware (Nasdaq: RDWR - News), the leading provider of intelligent integrated solutions for ensuring the fast, reliable and secure delivery of networked and Web-enabled applications over IP, announced today that Vizrea, a digital media innovator, has selected and deployed its Application Front End solution to ensure fast, reliable and secure online service for Vizrea's unique mobile camera phone photo solution.
Vizrea, a Seattle-based startup, founded by a group of former Microsoft executives with key members in the U.S. and Europe, is the first company in the world to offer a complete photo solution for mobile camera phone users. Vizrea's flagship product, Vizrea Snap, is a unique software solution that allows users to securely and automatically move, view and organize digital content between a mobile phone, PC and the Web.
To provide consumers with an optimized user experience, Vizrea has deployed Radware's AppDirector for accelerated application performance, reduced server downtime and continuous network protection from security violations and attacks. AppDirector manages both local and global server availability, enabling Vizrea to transparently scale Radware's solution to support a service offering that will allow subscribers around the world to share and manage photos, movies, audio notes and blog posts created on a mobile camera phone. Vizrea also implemented Radware's APSolute Insite management tool, for site-wide visibility and centralized control and policy management of Web applications, enabling optimum network performance.
Brad Schick, vice president of engineering for Vizrea, said, "After careful testing of different load balancing solutions, we chose Radware's AppDirector and APSolute Insite because it had the best combination of rich features, performance and reliability. We are very satisfied with how easily our server farm could be centrally managed and controlled. Radware also worked closely with Vizrea to ensure its solution was licensed and configured to match our specific needs and requirements."
"We are delighted that Vizrea will be using Radware's APSolute application delivery solution to optimize their revolutionary new digital media consumer service for mobile camera phone users," said Michelle Blank, chief marketing officer at Radware. "As more and more of Vizrea subscriber's begin using new phones with increased mega pixel and video capabilities, Radware's application-smart networking technology will enable Vizrea to easily scale its network and IP applications to handle increased demands associated with larger file transfers and greater bandwidth consumption."
About Radware
Radware (Nasdaq: RDWR - News) is the global leader in integrated application delivery solutions, assuring the full availability, maximum performance and complete security of all business critical networked applications while dramatically cutting operating and scaling costs. Over 3,000 enterprises and carriers worldwide use Radware application-smart switches to drive business productivity and improve profitability by adding critical application intelligence to their IP infrastructure, making networks more responsive to specific business processes. Radware's APSolute product family provides the most complete set of application front end, remote access and security capabilities for application-smart networking to ensure faster, more reliable and secure business transactions. Learn more on how Radware application delivery solutions can enable you to get the most of your investments in IT infrastructure and people. http://www.radware.com.
http://biz.yahoo.com/prnews/060531/lnw001.html?.v=21
Dubi
AETHRA Chooses RADVISION's Newly Released SCOPIA v.5 Conferencing Platform to Further Enhance Videoconferencing Infrastructure Solutions
Wednesday May 24, 7:00 am ET
AETHRA Strengthens Its Product Line with the Most Powerful Conferencing Platform Available in the Market Today
ANCONA, Italy & FAIR LAWN, N.J.--(BUSINESS WIRE)--May 24, 2006--AETHRA® SpA, a leader in the global telecommunications market with a full range of videoconferencing solutions, and RADVISION® (Nasdaq:RVSN - News), a leading provider of multimedia communication platforms and development tools, announced today that AETHRA is further strengthening its Unified Communications offering with RADVISION's recently released SCOPIA v.5 platform.
SCOPIA v.5 is a powerful platform of Multipoint Conferencing Units (MCUs) and Gateway solutions. They provide customers with unmatched flexibility and scale, with up to 336 video ports, video processing on every port, the best video quality available with unlimited H.264 for better video quality at lower bitrates and 4CIF support for images that are four times sharper. The product has been designed to be easy to install, configure, and sell and will accelerate deployments of AETHRA's telecommunications products.
"We are very pleased with our newly enhanced relationship with RADVISION," stated Marco Viezzoli, AETHRA's CEO. "AETHRA solutions have just become easier to use with SCOPIA v.5, a flexible, innovative product. Thanks to our continuing successful partnership with RADVISION, AETHRA can now deliver a full range of high quality videoconferencing products under its own brand from desktop software to end-point solutions, thus becoming a true global solutions provider for Unified Communications. RADVISION and AETHRA together are contributing to a brighter future for visual communications with their powerful technology and strategic partnership."
"AETHRA continues to demonstrate its leadership in the Unified Communications market," said Boaz Raviv, RADVISION's CEO. "With the adaptation of SCOPIA v.5 AETHRA will now be able to provide their customers with the most powerful, flexible and scalable conferencing platform available today. Combining SCOPIA with AETHRA's best of breed video endpoints and the already adopted desktop, 3G and management solutions from RADVISION will allow AETHRA to provide a total conferencing solution to their customers that will reach from the board room to individual users no matter where they are."
About AETHRA
AETHRA (www.aethra.com) is a leader in the global telecommunications market, with distribution of its leading-edge products through businesses and more than 40 telephone companies in over 60 countries worldwide. The company develops, manufactures and markets a wide range of high-performance video communications and audio conferencing products, including rollabouts, set-tops, videophones and special solutions dedicated to telemedicine, video surveillance and distance learning. In addition, AETHRA offers multi-audio, video and data services thanks to AETHRA.net, the company specifically focused on multi-conferencing services. AETHRA also develops and markets internationally a variety of telecommunications products, including ISDN and xDSL systems and networking test equipment. These exceptional products have distinguished AETHRA as a leader in the telecommunications industry worldwide for over 30 years, reflecting its expertise in bringing cutting-edge communications technologies to the market.
About RADVISION
RADVISION LTD. (Nasdaq: RVSN - News) is the industry's leading provider of high quality, scalable and easy-to-use products and technologies for videoconferencing, video telephony, and the development of converged voice, video and data over IP and 3G networks. For more information please visit our website at www.radvision.com.
http://biz.yahoo.com/bw/060524/20060524005236.html?.v=1
Dubi
Zisapel’s faith
When was the last time you heard of a company’s owner, or managers, buying rather than selling their company’s shares? It was probably in the US market since in Israel it is a very rare occurrence. This would explain the enthusiasm that greeted the announcement by Radvision (Nasdaq: RVSN; TASE: RVSN) chairman Zohar Zisapel, who last week bought a further $3.3 million worth of Radvision shares on the open market, in addition to his current 10.3% share in the company.
Anyone who heard the presentation by Radvision’s new CEO Boaz Raviv at the CIBC conference, in which he predicted a wide-scale roll out of the market for video conference calls over computers and 3G handsets, understood why Zisapel increased his stake. Incidentally, when he was asked several years ago what would be the next hot field in technology, Zisapel mentioned video conference calls, despite the fact that he and his brother Yehuda are involved in many other fields.
It should also be noted here that the downslide of Radvision stock from a high of $21.4 in February to $15 last week can be attributed in its entirety to the collapse of the hedge fund Saranac Capital Management, which held 2.4 million shares in Radvision last year and liquidated its position in the stock from January 2006 onwards, after its investors bolted.
http://www.globes.co.il/serveen//globes/docView.asp?did=1000095112&fid=1176
Dubi
RADCOM's CDMA2000 Service Monitoring Solution to Support Cricket(R) Service
Tuesday May 23, 8:03 am ET
TEL-AVIV, Israel, May 23 /PRNewswire-FirstCall/ -- RADCOM, Ltd. (Nasdaq: RDCM - News), a leading network test and service monitoring solutions provider, today announced that its CDMA2000 service monitoring system will support Cricket® services. The RADCOM solution is deployed to troubleshoot, monitor and help maintain high quality mobile communications service delivery to mobile subscribers.
The RADCOM system purchase provides visibility into the PS-Core, Radius and Internet domains. The probes provide single-point performance measurements, call tracing and traffic validation on all network traffic. The integrated system conducts performance monitoring at all levels including transport, network and application. By continuously monitoring and collecting signaling, voice and data traffic performance metrics, the total solution provides Cricket with sophisticated run-time signaling and packet-by-packet analysis capabilities.
"We are proud to add Cricket Communications to the growing list of top tier wireless operators worldwide who have deployed RADCOM's network and service monitoring solutions," said Shai Morag, RADCOM's Director of Sales in western U.S. and Mexico. "It underscores the value network operators place in achieving comprehensive vertical, meaning 7-layer, and cross-network visibility. This win is important to RADCOM as it furthers its leadership of the CDMA wireless market."
About RADCOM
RADCOM develops, manufactures, markets and supports innovative network test and service monitoring solutions for communications service providers and equipment vendors. The company specializes in Next Generation Cellular as well as Voice, Data and Video over IP networks. Its solutions are used in the development and installation of network equipment and in the maintenance of operational networks. The company's products facilitate fault management, network service performance monitoring and analysis, troubleshooting and pre-mediation. For more information, please visit www.RADCOM.com.
http://biz.yahoo.com/prnews/060523/ukm023.html?.v=19
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RADVISION(R) Launches Market's Most Powerful Conferencing Platform as Part of Broad Strategy for Unified Communications
Monday May 22, 7:00 am ET
Next Generation SCOPIA(TM) Multimedia Communication Platforms and iVIEW(TM) Management Applications Available Today
FAIR LAWN, N.J.--(BUSINESS WIRE)--May 22, 2006--RADVISION (Nasdaq: RVSN - News), a leading provider of multimedia communication platforms and development tools, today unveiled its next generation SCOPIA platform and iVIEW Suite management application as part of its comprehensive suite of solutions for the Unified Communications market. With this release RADVISION has established new benchmarks for affordable and powerful media processing, superior audio and video quality and ease of use in conference creation and management.
"We are extremely excited about delivering the market the new SCOPIA platform. The world of communications is undergoing dramatic change. Customers are demanding unified voice, video and data capabilities no matter where they are - in a conference room, at their desks or while they are mobile," said Boaz Raviv, RADVISION's CEO. "RADVISION understands this need and SCOPIA and iVIEW are at the core of our strategy to provide the industry with the most comprehensive communication platform and advanced management software available from anyone."
The new SCOPIA platform is a suite of Multipoint Control Units (MCUs) and Gateway products incorporating a new powerful hardware design and enhanced architecture that enables unmatched video quality, dramatically improved ease-of-use and flexible configuration and scalability options. iVIEW Suite, RADVISION's advanced software management application, intuitively manages SCOPIA components and conferencing endpoints providing advanced conferencing functions like conference management, scheduling services and distributed processing to unified conferencing applications.
New features and functionality for Unified Communications
The SCOPIA platform is based on the concept of simplicity and reliability. It separately negotiates optimal audio and video capabilities per connection, ensuring a conferencing experience that is network and endpoint optimized. The new platform supports conferences of up to 2 Mbps, with unlimited H.264 support for enhanced video quality. Built-in 4CIF image resolution delivers sharper, more detailed images.
Customers can select the capacity they need - from 12 to 384 video ports on a single chassis, or up to 1728 audio ports. The new SCOPIA platform provides full SIP and H.323 support, along with adaptable ISDN/PSTN/3G/IP connectivity and a flexible mix of audio, video and gateway ports to deliver the flexibility that RADVISION is known for.
"As long term customers, we were very pleased when given the opportunity to beta test the new SCOPIA platform and iVIEW application," said Dan Tanel CTO for BCS Global Networks. "Our customers continue to raise the bar and demand highly available, reliable and easy-to-use managed video and collaboration services. The SCOPIA platform delivers on these needs and will be a strategic component within our global video architecture to meet our requirements for a high quality, scalable and feature rich platform."
"SCOPIA and iVIEW represent RADVISION's continued commitment to the enterprise conferencing market," said Bob Romano, Vice President Enterprise Marketing. "With this technology, we are positioned to maintain our commanding lead as the premier, multi-party conferencing provider for workflow and collaboration environments."
About RADVISION
RADVISION (Nasdaq: RVSN - News) is the industry's leading provider of high quality, scalable and easy-to-use products and technologies for video conferencing, video telephony, and the development of converged voice, video and data over IP and 3G networks. For more information please visit our website at www.radvision.com.
http://biz.yahoo.com/bw/060522/20060522005454.html?.v=1
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Regency Hospital Company Chooses Radware to Ensure Continuous, Secure Access to Medical Records and Patient Care Information
Monday May 22, 5:30 am ET
Radware Provides Uninterrupted Access to Web-Based Applications Across Regency's Network of 20 ICUs
MAHWAH, N.J., May 22 /PRNewswire-FirstCall/ -- Radware (Nasdaq: RDWR - News), the leading provider of intelligent integrated solutions for ensuring the fast, reliable and secure delivery of networked and Web-enabled applications over IP, announced today that Regency Hospital Company (Regency) has chosen Radware's Application Access solution to ensure caregiver access to vital medical records and patient information. LinkProof, a key component of Radware's APSolute suite of integrated application delivery products, ensures that Web-based applications are always secure and available, even when faced with unexpected ISP outages. LinkProof has eliminated what had been significant bandwidth and uptime issues that hindered the viability of Regency's fast-growing network.
As a premier provider of Long Term Acute Care (LTAC) hospital services for medically complex patients, Regency relies on uninterrupted local and remote access to critical information at its centralized data centers. Regency operates 19 LTAC hospitals across the United States. Regency Hospitals provide intensive critical care to medically complex patients through aggressive clinical therapies, technologically-advanced equipment, and an interdisciplinary team approach centered on individual patient needs in an acute care hospital environment. Regency's patients are typically critically ill and require a longer length of stay in an acute care environment than traditional short term hospitals are designed to provide. To properly administer care, Regency's staff requires immediate, uninterrupted and secure access to patient records via a wide area network (WAN) and remote-access virtual private network (VPN).
As Regency grew in size it turned to its IT resale partner Enroute Networks (Enroute) to ensure rapid access and security of its critical applications and data and to establish a critical foundation for future network growth.
"Our primary objective is to provide the best patient care that we can. Having constant access to patient medical data and records, across a large network of sites, is critical to realizing that goal," said Micah Laughlin, vice-president of information services, Regency. "Installing LinkProof on our network allows our caregivers to perform their job much more effectively, thereby increasing the overall standard of care that we can provide our patients."
Radware's LinkProof provides multi-homing and WAN acceleration for reliable, always-on and optimized Internet link connectivity for accelerated distributed application delivery. It optimizes and intelligently routes traffic across Internet links, moderating bandwidth loads to ensure connection fault tolerance and scalability. Securing all enterprise entry points and cleansing all link traffic, LinkProof delivers denial of service (DoS) protection and intrusion prevention to insulate distributed applications, resources and users against attack.
"In the healthcare industry, high availability and secure access to data is crucial," said Michelle Blank, chief marketing officer at Radware. "LinkProof offers Regency the flexibility to build a WAN solution around market leading technology that keeps costs down and keeps the hospital's staff always connected to business-critical applications and websites."
With LinkProof, Regency's doctors and nurses enjoy uninterrupted remote access to Web-enabled applications, allowing them to be productive using distributed applications from anywhere across the WAN. LinkProof provides load balancing across Regency's series of unique T1 carriers, helping to manage VPN failover should it occur.
David Hampson, president of Enroute, commented, "By the time Regency opened its 10th hospital, it was clear they needed more bandwidth and redundancy at the corporate data center to ensure uptime for the hospitals - especially with the new online clinical systems that were being planned for deployment. The dual LinkProof solution was the perfect match for these requirements, allowing Regency to utilize two multi-T1 pipes from independent carriers (AT&T and Sprint)."
For more information about Regency, visit http://www.regencyhospital.com. For more information about Enroute, visit http://www.enroutenet.com.
About Radware
Radware (Nasdaq: RDWR - News) is the global leader in integrated application delivery solutions, assuring the full availability, maximum performance and complete security of all business critical networked applications while dramatically cutting operating and scaling costs. Over 3,000 enterprises and carriers worldwide use Radware application-smart switches to drive business productivity and improve profitability by adding critical application intelligence to their IP infrastructure, making networks more responsive to specific business processes. Radware's APSolute product family provides the most complete set of application front end, remote access and security capabilities for application-smart networking to ensure faster, more reliable and secure business transactions. Learn more on how Radware application delivery solutions can enable you to get the most of your investments in IT infrastructure and people. http://www.radware.com.
http://biz.yahoo.com/prnews/060522/lnm004.html?.v=22
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RADCOM Introduces Highest Performance Probe in the Industry
Tuesday May 16, 8:03 am ET
Breakthrough Technology Redefines Traffic Monitoring and Analysis
TeleManagement World - NICE, France, May 16 /PRNewswire-FirstCall/ -- RADCOM Ltd. (NASDAQ: RDCM - News), a leading network test and service monitoring solutions provider, today unveiled its powerful new R70 Probe, a unique monitoring and analysis tool that, in one box, meets the increasing demands of evolving network infrastructures and services.
The R70 Probe is a unified platform designed for ILECs and cable and cellular operators facing the challenge of restructuring current networks to offer Next-Generation services. Powered by the Gear Set(TM), RADCOM's proprietary processing engine, the LINUX-based R70 delivers a level of monitoring performance unparalleled in the industry, enabling data processing at a rate of up to 10 Gbps, independent of technology, service or protocol stack.
The new R70 is an upgradeable, high-end component in the Omni-Q's scalable solution - RADCOM's next-generation network management, monitoring and troubleshooting system, which includes a powerful central management module and a broad range of sophisticated intrusive and non-intrusive probes. The R70 probe offers the unique advantage of being able to manage any future service demands while monitoring an increasing amount of traffic on an ever-growing number of interfaces.
"Moving to an all-IP core network architecture enables operators to offer triple (voice, video and data) and quadruple (voice, video, data and wireless) services seamlessly across the same network," said Arnon Toussia-Cohen, President and CEO of RADCOM. "The resulting increase in traffic will drive the need for real-time, high performance monitoring and analysis tools. The R70 was designed to meet this need. It provides vendors and service providers with full visibility into the next-generation networks at work in today's labs and tomorrow's networks."
About RADCOM
RADCOM develops, manufactures, markets and supports innovative network test and service monitoring solutions for communications service providers and equipment vendors. The company specializes in Next Generation Cellular as well as Voice, Data and Video over IP networks. Its solutions are used in the development and installation of network equipment and in the maintenance of operational networks. The company's products facilitate fault management, network service performance monitoring and analysis, troubleshooting and pre-mediation. For more information, please visit www.RADCOM.com.
http://biz.yahoo.com/prnews/060516/ukm033.html?.v=3
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Oracle Certifies Radware Application Delivery Solution
Monday May 8, 5:30 am ET
Verified to Meet the Rigorous Needs of Today's Grid Computing Environments, Radware's Certified Solution Ensures Delivery of Mission Critical Business Applications
MAHWAH, N.J., May 8 /PRNewswire-FirstCall/ -- Radware (Nasdaq: RDWR - News), the leading provider of intelligent integrated solutions for ensuring the fast, reliable and secure delivery of networked and Web-enabled applications over IP, today announced its APSolute Application Front End (AFE) solution is interoperable with Oracle® Application Server 10g. Radware's AFE enables the availability, continuity, network performance, bandwidth consumption and security of critical business applications, including those running on Oracle Application Server 10g.
Oracle Application Server 10g, a component of Oracle Fusion Middleware, simplifies the development, deployment, integration and management of applications. Enterprises that deploy their server with Radware's AFE will eliminate server downtime, provide 24/7 application availability and security, and boost application and SSL transaction performance to Gigabit speed.
"Enterprises can not tolerate server downtime or performance bottlenecks when they need accelerated application delivery to ensure fast response time for users. To satisfy these demanding performance and reliability requirements, they look to best-of-breed solution providers like Oracle and Radware," said Amir Peles, chief technology officer, Radware. "By meeting Oracle's rigorous standards, we can provide customers validation that they will get the level of application performance and availability needed to clear roadblocks and sustain performance of mission critical applications that drive revenue when they deploy our application-front end solutions to optimize their Oracle applications."
Enterprises that choose to deploy Oracle Application Server 10g with Radware's AFE can help ensure the elimination of application and SSL failures across networks, while enabling transaction persistence for the continuous, fault tolerant operation of the Oracle server. Radware is a Certified Partner in the Oracle PartnerNetwork.
"Oracle Application Server 10g harnesses the power of grid computing, which enables organizations to get a reliable and powerful computing environment through a highly scalable and cost effective deployment of multiple servers," said Pavana Jain, senior director, Product Development, Oracle Fusion Middleware. "After rigorous testing, we certified Radware's AFE for use with Oracle Application Server 10g. Joint customers can benefit from the complementary offerings."
The testing documentation and deployment configurations can be found on Oracle Technology Network at http://www.oracle.com/technology/products/ias/hi_av/Tested_LBR_FW_SSLAccel. html.
(Please copy and paste the above link into browser.)
About Radware
Radware (Nasdaq: RDWR - News) is the global leader in integrated application delivery solutions, assuring the full availability, maximum performance and complete security of all business critical networked applications while dramatically cutting operating and scaling costs. Over 3,000 enterprises and carriers worldwide use Radware application-smart switches to drive business productivity and improve profitability by adding critical application intelligence to their IP infrastructure, making networks more responsive to specific business processes. Radware's APSolute product family provides the most complete set of application front-end, remote access and security capabilities for application-smart networking to ensure faster, more reliable and secure business transactions. Learn more on how Radware application delivery solutions can enable you to get the most of your investments in IT infrastructure and people. http://www.radware.com.
http://biz.yahoo.com/prnews/060508/lnm002.html?.v=31
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RADVISION Reports Record First Quarter 2006 Results
Thursday April 27, 8:00 am ET
EPS of $0.13 Exceeds Forecast
Revenues Are on Target at $20.1 Million
FAIR LAWN, N.J.--(BUSINESS WIRE)--April 27, 2006--RADVISION (Nasdaq: RVSN - News) today announced that revenues for the first quarter of 2006 were $20.1 million, representing a 24% increase from $16.3 million reported in the first quarter of 2005 and on target with the Company's forecast.
Operating income for the first quarter of 2006 was $1.9 million. Excluding the effect of stock-based compensation expense related to the adoption of FAS123R, the Company reported operating income of $2.9 million. This compares with operating income of $1.9 million in the first quarter of 2005.
Net income for the 2006 first quarter was $2.9 million, or $0.13 per diluted share. Excluding the effect of stock-based compensation expense, net income was $3.9 million or $0.17 per diluted share. This compares with $2.5 million or $0.11 per diluted share reported in the 2005 first quarter.
The Company had forecast that 2006 first quarter net income would be $2.1 million or $0.09 per diluted share including the effect of stock-based compensation. The Company's forecast for net income excluding the effect of stock-based compensation expense was $3.3 million, or $0.14 per diluted share.
Business unit revenues for the first quarter of 2006 consisted of $14.1 million in Networking Business Unit (NBU) sales and $6.0 million in Technology Business Unit (TBU) sales, representing increases of 32% and 8%, respectively, over the first quarter of 2005 and in line with the Company's forecast.
The Company ended the first quarter of 2006 with approximately $135.7 million in cash and liquid investments, an increase of $10.7 million from December 31, 2005, and equivalent to $6.17 per basic share. The increase reflects cash flow of $8.5 million from operations and income of $3.0 million from the exercise of options, offset by $800,000 in capital expenditures.
Boaz Raviv, Chief Executive Officer, commented: "The 23% increase in our revenues led to a record first quarter for RADVISION. This included an additional $1.8 million in revenues from the Defense Information Systems Agency (DISA) DVS-II project for the U.S. Department of Defense that we won with Northrop Grumman and Cisco in the fourth quarter of 2005. These revenues related to sales of key network access components and were made through Cisco. We also saw strong growth in total revenues in the first quarter from Cisco, our largest channel partner.
"Our first quarter results also include the contribution of Click to Meet(TM), our desktop software solution, which we acquired in late March 2005. Our success with Click to Meet is reflected in a 53% sequential increase in its sales as well as in our announcement today that we have partnered with leading conferencing service provider, InterCall, and with Glowpoint, the leader in IP-based video communications services, to deliver an advanced video conferencing service for use with the Microsoft® Office Live Meeting web collaboration application by pairing it with Click to Meet. This follows our first quarter announcement that Allstream, a leading Canadian communications service provider, licensed Click to Meet to upgrade Live Meeting to video.
"3G revenues in our NBU grew 84% from the 2005 first quarter due to five important wins in Asia Pacific and the contribution from a major deal in Europe that was reported previously. In total, our 3G and desktop solutions represented nearly half of our first quarter NBU revenues and we expect that they will be significant levers for our future growth. We took an important step forward in this regard with the expansion of our partnership with AETHRA, which will make both our 3G and Click to Meet solutions available to their customers under the AETHRA name.
"We also achieved continued growth in our TBU in the first quarter with strong license sales for our 3G-324M and SIP toolkits, which are used by equipment designers to develop products both for today's and tomorrow's technology for video and multimedia services over wireless broadband. We introduced a Java version of our SIP toolkit in the first quarter and were also pleased to win the exclusive license from Microsoft to provide Live Communications Server-Compatible SIP toolkits."
Mr. Raviv concluded: "Our accomplishments in the first quarter were built upon our Company's distinctive vision and the path we have followed towards the convergence of voice, video and data."
Guidance
The following statements are forward-looking, and actual results may differ materially.
The Company expects revenues for the second quarter 2006 to be approximately $21.5 million and net income to approximate $3.1 million or $0.14 per diluted share. This includes stock-based compensation expense related to the adoption of FAS123R of $1.2 million or $0.05 per diluted share. Excluding this item, second quarter 2006 net income is expected to be $4.3 million or $0.19 per diluted share. That compares to second quarter 2005 revenues of $17.5 million and net income of $2.9 million or $0.13 per diluted share. (Full details are available on the Company's web site at www.radvision.com.)
http://biz.yahoo.com/bw/060427/20060427005132.html?.v=1
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Radware Ltd. Announces Results
Wednesday April 26, 4:34 am ET
* Quarterly revenues of $20.0 million
* GAAP EPS $0.02, Non-GAAP EPS $0.07
TEL AVIV, Israel, April 26 /PRNewswire-FirstCall/ -- Radware (Nasdaq: RDWR - News), the leading provider of intelligent integrated solutions for ensuring the fast, reliable and secure delivery of networked and Web-enabled applications over IP, today reported its results for the first quarter of 2006. Revenues totaled $20.0 million, the same as in the first quarter of 2005. Revenues for the fourth quarter of 2005 totaled $21.0 million.
With the adoption of Statement of Financial Accounting Standards No. 123R (FAS 123R) as of January 1, 2006, the company began expensing stock-based compensation according to generally accepted accounting principles (GAAP), for the first time, in the first quarter of 2006. To facilitate a comparison of this quarter's results with the results of prior quarters, the company is providing also pro forma Non-GAAP Condensed Consolidated Statements of Operations and a reconciliation of reported net income to pro forma net income. Net income on a GAAP basis for the first quarter of 2006 was $0.3 million or $0.02 per diluted share. For comparative purposes, net income excluding the effects of stock-based compensation expense for the first quarter of 2006 was $1.4 million or $0.07 per diluted share, compared with net income of $4.4 million or $0.22 per diluted share in the first quarter of 2005 and net income of $2.4 million or $0.12 per diluted share in the fourth quarter of 2005.
The Company continued to maintain positive operational cash flow. In the first quarter of 2006 the Company generated cash in the amount of $5.6 million. This led to a balance of $170.0 million in cash, short-term and long-term bank deposits and marketable securities.
"Although Q1 sales were below expectations, we remain enthusiastic about the business prospects and growth potential for Radware," said Roy Zisapel President and CEO at Radware. "We are confident about the success of our business plan and continue to devote resources to improving our sales performance."
During the quarter ended March 31, 2006, Radware released the following significant announcements:
New Certifications Advance Radware's Leadership Position in Application
Delivery Market
Radware provides MAN/WAN high availability solution for BEA WebLogic 9.0
Radware Joins the Microsoft SecureIT Alliance
Radware Introduces Next Generation IPS Solution
Radware Presents Security as a Core Business Enabler at RSA 2006
BetandWin Chooses Radware's Application Delivery Solution to Ensure 24/7
Availability and High Performance of the Company's Popular International
On-line Gaming Service
VitalStream Selects Radware's Application Delivery Solution for High
Quality Streaming Media and Content Delivery Service
Radware Appoints New President of Radware Americas
Radware's 2005 Year End Survey of InfoSecurity and Interop Attendees
Reveals Need for Faster, More Secure Business Applications
Company management will host a quarterly investor conference call at 8:45 AM EDT on April 26, 2006. The call will focus on financial results for the quarter ended March 31, 2006, and certain other matters related to the Company's business.
The conference call will be webcast on April 26, 2006 at 8:45 AM EDT in the "listen only" mode via the Internet at: http://www.radware.com/content/company/investorrelations/default.asp
About Radware
Radware (Nasdaq: RDWR - News) is the global leader in integrated application delivery solutions, assuring the full availability, maximum performance and complete security of all business critical networked applications while dramatically cutting operating and scaling costs. Over 3,000 enterprises and carriers worldwide use Radware application-smart switches to drive business productivity and improve profitability by adding critical application intelligence to their IP infrastructure, making networks more responsive to specific business processes. Radware's APSolute product family provides the most complete set of application front-end, remote access and security capabilities for application-smart networking to ensure faster, more reliable and secure business transactions. Learn more on how Radware application delivery solutions can enable you to get the most of your investments in IT infrastructure and people. http://www.radware.com.
http://biz.yahoo.com/prnews/060426/lnw004.html?.v=32
Radware Q1 net profit narrows sharply
Wed Apr 26, 2006 5:04 AM ET
JERUSALEM, April 26 (Reuters) - Israel's Radware Ltd.
(RDWR.O: Quote, Profile, Research) (RDWR.TA: Quote, Profile, Research), a maker of Internet traffic management
systems, reported the following results on Wednesday.
(in thousands of dollars except EPS)
Q1 06 Q1 05
Revenue 20,046 20,021
Operating Profit (loss) (1,252) 3,230
Net Profit 310 4,401
Earnings per Share-diluted $0.02 $0.22
NOTE: On a non-GAAP basis that excluded the effects of
stock-based compensation expenses, Radware posted net income of
$1.4 million, or 7 cents a share, in the first quarter of 2006.
http://yahoo.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?storyID=urn:newsml:reuters.com:20060426...
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David Zigdon to Resign Position as RADCOM's CFO to Pursue Startup Opportunity
Monday April 24, 8:24 am ET
TEL AVIV, Israel, April 24 /PRNewswire-FirstCall/ -- RADCOM Ltd. (RADCOM) (NASDAQ: RDCM - News) today announced that Mr. David Zigdon, its Chief Financial Officer (CFO) since 2000, has tendered his resignation effective June 15, 2006 in order to pursue a new opportunity with a startup company.
The Company is currently evaluating a number of candidates to replace Mr. Zigdon. To assure a smooth transition, Mr. Zigdon will continue working with RADCOM until June 15th, and will remain available for ongoing consultation until the new CFO begins his term.
Commenting on the news, Zohar Zisapel the Chairman of the Board of Directors said, "It is difficult to say goodbye to David, whose skill and dedication were critical to RADCOM's ability to weather the difficult post-bubble period and to re-emerge as a vital, growing industry-leader. One of the highlights of David's six years at RADCOM was the Company's PIPE investment carried out in 2004, a transaction whose successful completion was due in large part to the efforts of David and his team. I will miss working with David personally and wish him every success in his future ventures."
RADCOM develops, manufactures, markets and supports innovative network test and service monitoring solutions for communications service providers and equipment vendors. The company specializes in Next Generation Cellular as well as Voice, Data and Video over IP networks. Its solutions are used in the development and installation of network equipment and in the maintenance of operational networks. The company's products facilitate fault management, network service performance monitoring and analysis, troubleshooting and pre-mediation. For more information, please visit www.RADCOM.com.
http://biz.yahoo.com/prnews/060424/ukm011.html?.v=52
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RADCOM Reports Q1 2006 Financial Results
Monday April 24, 8:18 am ET
TEL-AVIV, Israel, April 24 /PRNewswire-FirstCall/ -- RADCOM Ltd. (RADCOM) (NASDAQ: RDCM - News) today announced financial results for the first quarter ended March 31, 2006.
Financial Results
Revenues for the first quarter of 2006 were $5,080,000 compared to $5,017,000 for the first quarter of 2005.
On the basis of U.S. generally accepted accounted principles (GAAP), the Company recorded a net loss for the first quarter of 2006 of $119,000, or $0.01 per ordinary share (basic and diluted). This included a non-cash share-based compensation expense of $128,000 taken in respect of the Company's mandatory adoption of Statement of Financial Accounting Standards No. 123 (revised 2004), "Share-Based Payment" ("SFAS 123R") beginning January 1, 2006. SFAS 123R requires that companies recognize the fair value of share-based incentives as compensation. Net income for the first quarter of 2005, which did not include share-based compensation expense, was $134,000, or $0.01 per ordinary share.
The Company has also presented its net income on a non-GAAP basis excluding share-based compensation to provide investors and management with insight into RADCOM's underlying operating results. Excluding share-based compensation, non GAAP net income for the first quarter of 2006 was $9,000, or $0.00 per share.
The Company's cash and cash equivalents at the end of the first quarter of 2006 totaled $12.3 million, an increase of approximately $1.8 million compared to the end of 2005. This increase reflects the exercise of warrants to purchase ordinary shares by the Company's PIPE investors, and the exercise of options to purchase ordinary shares by its employees. As of March 31, 2006, the number of the Company's ordinary shares outstanding totaled 16,063,377.
Comments of Management
Commenting on the results, Arnon Toussia-Cohen, President and CEO of RADCOM, said, "We are obviously disappointed to report a revenue shortfall for the first quarter, which is due primarily to a delay in the closing of a large order from an existing customer that we believe will be placed later during 2006. Nonetheless, we are pleased to have achieved non-GAAP breakeven for the period, a testament to the soundness of our underlying business platform and lean expense model, and remain on track for achieving our 2006 growth objectives. With worldwide 3G deployments gaining momentum, demand for our comprehensive, powerful and flexible 3G service monitoring solutions continues to grow. Interest has been particularly strong from cellular operators, as demonstrated by our recent win of a strategically important multi-quarter deal with Partner Communications Ltd. (NASDAQ: PTNR - News), Israel's GSM cellular service provider, and by the nationwide deployment that we are carrying out for one of North America's largest cellcos."
Mr. Toussia-Cohen continued, "In line with the strategy that we set for ourselves last year, we continue to focus on building our worldwide sales and marketing capabilities. To address significant emerging opportunities in the Far East, we have established strong channels and marketing partnerships in China and an initial presence in Korea, and are currently evaluating other Far Eastern markets."
http://biz.yahoo.com/prnews/060424/ukm010.html?.v=92
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ICBC Bank Deploys Advanced Videconferencing Solution for Its Network of Branches Using RADVISION Products
Monday April 24, 7:00 am ET
International Commercial Bank of China Uses Solution Integrated by Digital Global Technology (DGT) for Financial Consulting, Briefing and Training between Its 81 Branches
FAIR LAWN, N.J.--(BUSINESS WIRE)--April 24, 2006--RADVISION (Nasdaq: RVSN - News), a leading provider of multimedia conferencing and communications platforms, today announced that the RADVISION viaIP(TM) Multipoint Control Unit (MCU) has been deployed by the International Bank of China (ICBC). ICBC is using the solution to connect its 81 branch offices across the Asia Pacific region in order to improve its internal financial consulting, briefing and training efforts. Digital Global Technology (DGT) has integrated the RADVISION products into the overall solution that it is sourcing to ICBC.
The viaIP powered application is a fully bi-directional videoconferencing collaboration solution that allows the head office to perform its daily supervision and training duties with improved effectiveness using visual communications. Furthermore, the branches are able to engage in multi-branch video conferencing among themselves as part of the solution. ICBC believes that the solution speeds up the transfer of important information and enhances the quality of ICBC's customer service because of the ability to provide remote staff training and development on a daily basis.
ICBC chose the RADVISION viaIP MCU as the fundamental building block of its videoconferencing infrastructure. The viaIP MCU was easily integrated into DGT's comprehensive solution of multiple videoconferencing endpoints, scheduling and management software applications and video server streaming devices. ICBC commented: "We are very pleased with the high quality and ease of use of the RADVISION viaIP MCU solution. The viaIP, with its unique cascading ability, allows multiple MCUs to appear to our network as a single, very high-capacity unit. This facilitated the integration into the scheduling and management application. The overall solution is easy to use and has an excellent user experience."
RADVISION's videoconferencing infrastructure product line is designed to provide an extremely high quality user experience, with connectivity to all common video endpoints on a network. Eitan Livne, General Manager of RADVISON's Asia Pacific territory commented: "The financial sector, of which ICBC is a part, demands the highest quality and most reliable solutions possible. We are pleased that ICBC has chosen us to be a part of their efforts to provide the best financial services possible to their customers."
DGT and RADVISION see continued collaboration in providing mission-critical solutions to leading enterprises in the region. The company's products and roadmaps show their solutions expanding to the 3G mobile environment as well as to the PC desktop using innovative gateways and desktop software products from RADVISION. Echo Lin, General Manager of DGT added, "The RADVISION products are extremely reliable and integrated easily into the complete solution providing very high quality performance. We hope to continue our productive relationship with RADVISON to bring videoconferencing to more users whether in the conference room, at their desks using a PC, or on the go with their 3G mobile phones."
About RADVISION
RADVISION LTD. (Nasdaq: RVSN - News) is the industry's leading provider of high quality, scalable and easy-to-use products and technologies for videoconferencing, video telephony, and the development of converged voice, video and data over IP and 3G networks. For more information please visit our website at www.radvision.com.
http://biz.yahoo.com/bw/060424/20060424005271.html?.v=1
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AETHRA with RADVISION to Provide New Visual Communications Solutions
Tuesday April 18, 7:00 am ET
The Two Leading Videoconferencing Companies Strengthen Their Strategic Partnership for Unified Communications
ANCONA, Italy & FAIR LAWN, N.J.--(BUSINESS WIRE)--April 18, 2006--AETHRA®, a leader in the global telecommunications market with a full range of videoconferencing solutions, and RADVISION (Nasdaq:RVSN - News), the industry's leading provider of products and technologies for videoconferencing, video telephony, and the development of converged voice, video and data over IP and 3G networks, announced today that they are broadening their partnership to include RADVISION desktop and 3G solutions in the AETHRA offering. AETHRA will now provide to its customer base an expanded range of visual communication solutions allowing the company to become the new point of reference for Unified Communications.
"AETHRA has now become a real total solution provider for visual communications, expanding its product offering while upholding maximum quality and technological innovation, which reflect both AETHRA and RADVISION philosophies," said Marco Viezzoli, AETHRA SpA CEO. "Our offering guarantees maximum interoperability with other systems, thus providing users with the possibility to choose any kind of visual communication solution available on the market from the same brand. Today, AETHRA can build complex visual communications networks for its clients encompassing desktop, room system and infrastructure technologies including NAT & Firewall traversal and 3G mobile networks connectivity, using solutions under its own single brand.
Boaz Raviv, RADVISION CEO added, "Our relationship with AETHRA has been a solid one and they have been an excellent partner in bringing our products to their customer base. AETHRA and RADVISION share the same vision for the visual communications market which includes high quality and flexible solutions for main stream deployments to the desktop PC or to the 3G video mobile handset, alongside solutions for the traditional conference room. By bringing our desktop videoconferencing and 3G Gateway products to market under the well-known AETHRA name, together we are taking an important step today toward realizing our common vision.
AETHRA Unified Communications, an Integrated Desktop Software Communications Solution, is a scalable communications infrastructure for delivering integrated voice, video, and data collaboration on a single software platform. AETHRA Unified Communications, leading the way in scalability and flexibility, is a must when deploying a desktop conferencing strategy that needs to scale from dozens to hundreds or even thousands of users through a global network. AETHRA Unified Communications is the perfect example of integration, with a single software architecture consisting of the Conference Server, the Conference Client and the Middleware to tie them all together.
AETHRA 3G Gateways are solutions that support real-time, bi-directional video telephony sessions between mobile users and wired line devices such as desktop or room videoconferencing systems. AETHRA 3G Gateways are standards based and provide full interoperability with multimedia communication devices such as gatekeepers, MCUs and any kind of video endpoints.
Today AETHRA offers the full spectrum of videoconferencing solutions over circuit (ISDN), packet (IP) and 3G mobile networks including videoconferencing end-points (rollabout, set-tops, codec, videophones, desktop); MCUs (Multipoint Conferencing Units) with full video/audio transcoding and SIP/H.323 support; ISDN to IP and 3G to IP Gateways for seamless connectivity between different networks; Gatekeeper functionality for call control and dial plan schemes; Scheduling & Management tools.
About AETHRA
AETHRA (www.aethra.com) is a leader in the global telecommunications market, with distribution of its leading-edge products through businesses and more than 40 telephone companies in over 60 countries worldwide. The company develops, manufactures and markets a wide range of high-performance video communications and audio conferencing products, including rollabouts, set-tops, videophones and special solutions dedicated to telemedicine, video surveillance and distance learning. In addition, AETHRA offers multi-audio, video and data services thanks to AETHRA.net, the company specifically focused on multi-conferencing services. AETHRA also develops and markets internationally a variety of telecommunications products, including ISDN and xDSL systems and networking test equipment. These exceptional products have distinguished AETHRA as a leader in the telecommunications industry worldwide for over 30 years, reflecting its expertise in bringing cutting-edge communications technologies to the market.
About RADVISION
RADVISION LTD. (Nasdaq: RVSN - News) is the industry's leading provider of high quality, scalable and easy-to-use products and technologies for videoconferencing, video telephony, and the development of converged voice, video and data over IP and 3G networks. For more information please visit our website at www.radvision.com.
http://biz.yahoo.com/bw/060418/20060418005191.html?.v=1
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Partner picks Radcom monitoring solution for Orange 3G
Radcom's share has gone down 36% since issuing a revenue warning last week.
Shiri Habib 10 Apr 06 17:07
Network test and service monitoring solutions provider Radcom (Nasdaq: RDCM) today announced that Partner Communications (Nasdaq: PTNR; TASE: PTNR; LSE:PCCD) has selected its universal mobile telecommunications system (UMTS) monitoring solution for the Orange 3G network. The volume of the contract was not mentioned.
Omni-Q's open architecture allows Partner to leverage its existing OSS management system. The Omni-Q system will enable Partner to manage 3G service performance across various local sites from a single control center.
Orange 3G currently has 100,000 subscribers.
Radcom last week announced that it expects its revenues for the first quarter of 2006 to range between $5-5.2 million, rather than the $6.3-6.8 million forecast previously. The shortfall reflects the timing of a major order from an existing customer, which was originally scheduled for delivery during the first quarter. The company plans to publish its full results for the quarter on April 24, 2006.
Radcom president and CEO Arnon Toussia-Cohen said, "We are obviously disappointed to report a revenue shortfall for the first quarter due primarily to a delay in the closing of a large order from an existing customer. We received only part of the expected order this quarter and we believe the remainder will be placed in the next few months. As we have explained in the past, the majority of our revenues now derive from a relatively small number of sizeable orders, a model that lends itself to quarterly fluctuations. As such, the timing of a single large order can have a very significant effect, boosting quarterly results above forecasts in the case of an earlier-than-expected closure, or negatively impacting results in the case of a delay.
"Nonethless, we continue to progress according to our strategic plan and to win new deals. We continue to see steady growth in demand in all our markets. Although we expect to continue to experience quarterly fluctuations from time to time, we are optimistic looking forward and believe that we shall see growth in 2006 as a whole."
Radcom's share has gone down 36% since the announcement was made. The company trades on Nasdaq and the TASE at $40 million market capitalization. Radcom is part of the Zisapel brother's RAD group. The brothers are also the primary shareholders: Zohar Zisapel owns 22% and Yehuda Zisapel owns 13.6%.
Published by Globes [online], Israel business news - www.globes.co.il - on April 10, 2006
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RADVISION Releases New SIP Protocol Toolkit With Java APIs
Monday April 10, 8:30 am ET
Java SIP Toolkit 2 Enables Faster and Simplified Development of Advanced Telecom Applications
FAIR LAWN, N.J.--(BUSINESS WIRE)--April 10, 2006--RADVISION (Nasdaq:RVSN - News), a leading provider of multimedia conferencing and communications platforms, today announced the release and immediate availability of a Java version of its award-winning session initiation protocol (SIP) toolkit for real-time communication applications, such as voice over IP (VoIP) and instant messaging (IM). The new toolkit significantly shortens development cycles thereby enabling even faster time-to-market for a variety of new and innovative services.
"The release of the Java version underscores RADVISION's position as the leading developer of SIP toolkits and is highly supportive of the ongoing migration of telecommunications towards Internet Protocol (IP) using SIP technology," said Adi Paz, Senior Director of Product Management and Marketing for RADVISION's Technology Business Unit. "Many of our customers have been expressing the need for a Java SIP toolkit, and we are pleased to meet their growing requirements."
Java programming language, which is rapidly gaining popularity among developers, can be used to write software on one platform and run it on another, create programs that run within web browsers, develop server-side applications, and write applications for cell phones and other consumer communication devices. Java SIP is a fundamental building block for web-based endpoint-oriented communication applications.
The Java SIP Toolkit can be used to develop click-to-talk applications, as well as a variety of applications for web call centers, and soft phones for laptops and PDAs. It also can be used as a major building block for innovative and time-critical advanced telecom services on the server-side such as: least-cost call routing, smart call diversions based on user preferences, smart conferencing, as well as for transforming text messages to voice playback.
Similar to all of RADVISION's SIP toolkits, the Java SIP toolkit addresses carrier-side applications for soft switches and application servers. The Java SIP Toolkit supports operator-grade loading of busy hour call attempts (BHCAs) and has enhanced carrier-grade features, including advanced SIP signaling functionality. The small footprint allows efficient operation in SIP terminals and IP handsets, as well as network-side implementations. In addition, Java SIP is considered to be the ideal advanced technology for service delivery platforms (SDPs).
The Java SIP toolkit complies with the latest version of the JSR32 standard, version 1.2, of which RADVISION is an active contributor.
Considered an industry-leading solution, RADVISION's award-winning SIP product portfolio and the Java SIP Toolkit provide multiple application program interface (API) layers for optimal control and flexibility when used to develop new products and services. Designed from the ground up to be robust, highly versatile development tools, the toolkits simplify development of communications systems and devices based on Internet Engineering Task Force (IETF) SIP.
About RADVISION
RADVISION LTD. (Nasdaq: RVSN - News) is the industry's leading provider of high quality, scalable and easy-to-use products and technologies for videoconferencing, video telephony, and the development of converged voice, video and data over IP and 3G networks. For more information please visit our website at www.radvision.com.
http://biz.yahoo.com/bw/060410/20060410005355.html?.v=1
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RADCOM and Cognos Partnership Takes 3G Network and Service Performance Monitoring to the Next Level
Last Update: 8:03 AM ET Apr 5, 2006
CTIA WIRELESS 2006 - Las Vegas, April 5, 2006 /PRNewswire-FirstCall via COMTEX/ -- RADCOM Ltd. (RDCM : ) , a leading network test and service monitoring solutions provider, today announced the integration of Cognos 8 Business Intelligence (BI) into Omni-Q, its carrier-class service quality management system. Cognos is a world leader in business intelligence and corporate performance management (CPM). Its embedded BI technology intensifies Omni-Q's intuitiveness, flexibility and utility to wireline and wireless service providers.
Omni-Q is a next-generation network monitoring, troubleshooting and performance management solution, consisting of a central management module and a range of intrusive and non-intrusive probes for CDMA, UMTS, VoIP, IPTV, IMS and other networks and services.
The technology partnership adds significant value to Omni-Q customers. It offers a new dashboard application that enables them to fully exploit Omni-Q analyses and reporting capabilities. The added functionality communicates comprehensive and complex network and service information quickly and simply. It alarms when service-specific thresholds are breached. It displays relevant metrics in visually rich, graphical format. The unified, simplified view of network and service issues it provides gives operators an at-a-glance understanding that quickens response time.
Using it, operators can build unique KPIs at will with minimal training. They can prioritize alarms by incident severity and drill-through to correlate with other data sources and reports. Omni-Q customers can also select from a library of pre-defined reports to assess overall network health.
"We are pleased to add RADCOM to our distinguished list of vendors worldwide who have selected Cognos as their business intelligence (BI) vendor. By applying Cognos software, RADCOM empowers their customers with a better way to monitor, understand, and optimize network and service performance," said Ged Simmons, Sales Director General Business, Cognos.
"Sustaining market success requires growing customer value. By leveraging industry-leading technologies, RADCOM seeks to continue to offer customer solutions that simplify processes, solve problems and help to advance customers' competitive standings in a dynamic and evolving landscape. This is particularly true in the complex and converging world of mobile communications where the stakes are high and ROI is of great importance. RADCOM's strategy appears to be reflective of the mood and direction of this vibrant market," said Sankara Jambulingam, Research Analyst for Frost & Sullivan's Communications Test & Measurement group.
"RADCOM is committed to continuous improvement in its processes, services and solutions. By partnering with a recognized leader in the field of business intelligence, we are providing our customers with a faster and near fool-proof way to uncover hot spots," said Eyal Harari, RADCOM's Director of Product Management, VoIP Monitoring Solutions. "The resulting, fully integrated solution speeds problem resolution, reduces support costs and helps operators keep churn in check."
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Red Bend Software Named Finalist for "Red Herring 100 North America" Awards
The Most Promising Technology Ventures Will Be Honored at the Red Herring Spring 2006 CEO Summit
Last Update: 2:26 PM ET Apr 5, 2006
FRAMINGHAM, MA, Apr 05, 2006 (MARKET WIRE via COMTEX) -- Red Bend Software, a leading provider of mobile software management technology, has been named one of the top 200 contenders for the annual "Red Herring 100 North America" list. Well over 1,000 privately held technology companies submitted to this year's edition of the prestigious award, giving evidence to the invigorated innovative and entrepreneurial strength of the technology ecosystem.
High-quality companies
"We can see the resurgence of the tech sector reflected in the quantity and variety of excellent companies that we had to chose from in putting our list together," said Joel Dreyfuss, editor-in-chief of Red Herring. "It was difficult to choose the 200 finalists, and we are very happy with the stellar quality of the companies on this short-list."
"Our selection as a finalist for this award recognizes how well our innovative product has been accepted in the market," said Yoram Salinger, CEO of Red Bend Software. "Our firmware over-the-air (FOTA) technology has been adopted by most of the world's leading mobile handset makers to efficiently and securely deliver compact firmware updates to mobile phones already in users' hands. Additionally, mobile operators and application developers are enthusiastic about our forthcoming embedded feature delivery technology, which allows them to deliver new handset features over the air. Our customers benefit from new revenue opportunities, enhanced customer service and lower support costs."
More than just buzz
The "Red Herring 100 North America" award is an important part of Red Herring's tradition of recognizing new and innovative technology firms and their entrepreneurial founders. Red Bend Software and the other nominees were rigidly evaluated on both quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their ecosystem. This unique assessment of potential complemented by a review of the actual track record and standing of a company allows Red Herring to see past the "buzz" and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.
Bringing together the best
As part of this tradition to honor innovation and entrepreneurship in the business of technology, Red Herring will again host "Red Herring Spring," a two-day invitation-only summit for the CEOs and founders of the Red Herring 100 winners and finalists in Monterey, Calif. The summit's C-level attendees will convene under the theme "The Pursuit of Disruption" to discuss major trends and opportunities and to explore partnerships, alliances, investments, and M&A activities. Further information regarding the event and how to register is available at http://www.herringevents.com/rhspring06.
About Red Bend Software
Red Bend Software helps mobile phone manufacturers and network operators accelerate the adoption of new services and features, respond rapidly to customer problems and reduce support costs through mobile software management solutions. BenQ-Siemens, LG Electronics, Sharp, Sony Ericsson, and other large handset manufacturers use Red Bend's firmware over-the-air (FOTA) technology to quickly and reliably deliver compact firmware updates to mobile phones already in the hands of users. Founded in 1999, Red Bend Software is a privately held, venture capital-financed company with corporate headquarters near Boston, Mass., and offices in China, Israel, Japan, and the U.K. More information about Red Bend Software is available at www.redbend.com.
About Red Herring
Red Herring is a sophisticated insider's guide to the business of technology, featuring unparalleled insights on the emerging technologies driving the economy, from the Internet to wireless communications and digital entertainment. Red Herring reports on how innovation and entrepreneurship are transforming business and how the business of technology is transforming the world, providing readers with a deep understanding of venture capital and capital markets. Recognized as an essential resource in today's fast-changing business world, Red Herring gets the right answers before anyone else even thinks to ask the questions. More information on Red Herring is available on the Internet at www.redherring.com.
Dubi
Radware’s scandalous warning
Why Radware is talking about management problems in the US for a fourth time, and the truth about the leak/warning.
Shlomi Cohen 4 Apr 06 13:29
This week’s profit warning by Radware (Nasdaq: RDWR; TASE: RDWR) is outrageous, and not because the company missed analysts’ sales forecasts by $2 million (it happens to everyone), but because of the fact that it was leaked. Radware is not a major company about which one could say there were rumors circulated in the market by its distributors, for example, about weaker sales and the possibility of a warning in the offing. What’s more, the stock gave no indication in recent days, neither in price of volume, that anything was wrong.
Missing an expected sales target of $22 million by $2 million, (with one of the two million already classified in the company’s financials as deferred sales), is a such trivial error that Merrill Lynch analyst Tal Liani could only release his damning forecast on Friday afternoon that sent the share tumbling in massive volume ten times Radware’s usual, thanks to a specific leak earlier that day.
I am not all sure that Liani is celebrating the fact that he was the only analyst to accurately predict the Radware news because, whatever people might think, this is an Israeli company and the analyst covering it is also Israeli. Having said this, the investors who made their exit from Radware on the strength of his forecast will no doubt sending him flowers as a token of appreciation for his tip, assuming, that is, that the stock continues its journey southwards.
In addition to the mystery as to how Liani came by the precise information on the final day of the quarter, I am at a loss to understand why Radware’s management only published its warning on Sunday night, a timing that left speculative investors in Tel Aviv trading in the stock on Sunday wondering whether or not a warning would be forthcoming following the crash in New York.
Talking of warnings and leaks, several years ago I found myself curious to learn how the internal process works from the moment managers realize the need to publish a warning, through to the board meeting and then the final decision on the date and form of the warning to be published. I asked a director at one of the companies that had published a severe profit warning several years earlier how it worked. “What process?” he replied, “On the day the warning was published, I got an email from the CEO saying how sorry he was but to avoid the risk of a leak, he had gone and published the warning and that it would be discussed at the next board meeting.” That’s what Radware should have done, rather than waiting until Sunday evening.
This is how the events unfolded, as I see it. Last Friday, one hour after the start of trade in New York someone buys 50 Put options, valid through April only, at $20 a share. He pays $55 per option ($2,750) in all, and had he wanted to realize a quick profit, he could have sold them shortly before the close of trade on Friday at more than $225 an option (netting him $11,250).
Half an hour after buying the aforementioned Put options, the price hits the critical $20 level and three hours later also the $19 level in massive turnover. This happens shortly before the publication of Liani’s comments regarding a “challenging quarter.” Some time later, the $18 level is broken with two million shares changing hands, ten times the stock’s average volume.
This is not the first time that Radware has issued a warning following which someone does the rounds, raking in profits in hundreds of percentage points on Put options. Neither it is the first and not even the second time that Radware has referred to management problems in the US. It may, however, be the fourth time that they’ve replaced the manager in question.
One frustrated investor writing in the Yahoo! chat room, said that it was time the management in Tel Aviv stepped down for a change, but the poor guy is apparently unaware of a specific problem that I have referred to when I wrote about the previous profit warning. CEO Roy Zisapel’s boss also happens to be his father, chairman Yehuda Zisapel. You try firing your own son, especially with Passover only round the corner.
The management will be providing an explanation for the recent failure in the upcoming conference call to be held following the posting of final results at the end of the month. This time, however, the excuse they used to account for the last profit warning in June 2005 won’t work. Back then they claimed that the mergers and acquisitions in their specific sector had caused confusion among customers and brought orders to a halt.
Today, the entire data communications equipment sector, including Radware’s own network-based data transmission routing sector, is booming. As a result, some of the stocks are now at their annual highs, and some have even reached highs for the first time in several years. With this in mind, it is difficult to understand what has gone wrong at Radware, regardless of the identity of the manager running the show in the US.
Published by Globes [online], Israel business news - www.globes.co.il - on April 4, 2006
http://www.globes.co.il/serveen//globes/docView.asp?did=1000079995&fid=1176
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RADVISION To Report First Quarter 2006 Results on April 27
Monday April 3, 8:01 am ET
FAIR LAWN, N.J.--(BUSINESS WIRE)--April 3, 2006--RADVISION (Nasdaq: RVSN - News) today announced that it will report its 2006 first quarter financial results on Thursday, April 27, 2006. The press release will be issued at approximately 8:00 a.m. (Eastern).
A conference call has been scheduled for 9:00 a.m. (Eastern) on that same day. To access the conference call, please dial 1-888-323-2711 (International dialers may call +1-212-547-0460) by 8:45 a.m. (Eastern) on April 27th. The passcode "RADVISION" will be required to access the live conference call. A live webcast of the conference call also will be available on the Company's website and archived on the site until the next quarter. Simply click on the following link or copy it onto your browser: www.radvision.com/CorporateInformation/Investors/IR_1Q06_webcast.htm.
Boaz Raviv, Chief Executive Officer, and Tsipi Kagan, Chief Financial Officer, will review the quarter's results and discuss the Company's future outlook on the call. Management will also be available for questions from the investment community.
A PowerPoint presentation highlighting key financial metrics will be available in the Investor Relations section of the company's website, www.radvision.com. The presentation will be available beginning at 8:00 a.m. (Eastern) on April 27th and remain on the site through the second quarter of 2006.
A replay of the call will be available beginning approximately one hour after the conclusion of the call through 11:59 p.m. (Eastern) on May 4th. To access the replay, please dial 1-800-294-5087 (International dialers may call +1-402-220-9780).
About RADVISION
RADVISION (Nasdaq: RVSN - News) is the industry's leading provider of high quality, scalable and easy-to-use products and technologies for videoconferencing, video telephony, and the development of converged voice, video and data over IP and 3G networks. For more information please visit our website at www.radvision.com.
http://biz.yahoo.com/bw/060403/20060403005664.html?.v=1
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RADCOM Reports Preliminary Results for Q1 2006
Monday April 3, 8:03 am ET
TEL-AVIV, Israel, April 3 /PRNewswire-FirstCall/ -- RADCOM Ltd. (RADCOM) (NASDAQ: RDCM - News) today announced that it expects its revenues for the first quarter of 2006 to range between $5.0 million and $5.2 million, rather than the $6.3 million to $6.8 million forecast previously. The shortfall reflects the timing of a major order from an existing customer, which was originally scheduled for delivery during the first quarter. The Company plans to publish its full results for the quarter on Monday, April 24, 2006.
Commenting on the news, Arnon Toussia-Cohen, President and CEO of RADCOM, said, "We are obviously disappointed to report a revenue shortfall for the first quarter due primarily to a delay in the closing of a large order from an existing customer. We received only part of the expected order this quarter and we believe the remainder will be placed in the next few months. As we have explained in the past, the majority of our revenues now derive from a relatively small number of sizeable orders, a model that lends itself to quarterly fluctuations. As such, the timing of a single large order can have a very significant effect, boosting quarterly results above forecasts in the case of an earlier-than-expected closure, or negatively impacting results in the case of a delay.
"Nonethless, we continue to progress according to our strategic plan and to win new deals. We continue to see steady growth in demand in all our markets. Although we expect to continue to experience quarterly fluctuations from time to time, we are optimistic looking forward and believe that we shall see growth in 2006 as a whole."
A teleconference will be held today, Monday, April 3, 2006, at 9:00 a.m. Eastern Daylight Time, to allow analysts and shareholders to discuss the preliminary results with management. To participate, please call 1-800-762-4717 from the U.S., or +1-480-629-9025 from international locations, approximately five minutes before the call is scheduled to begin. A replay of the call will be available from 10:45 AM Eastern Time on April 3rd until midnight April 5th. To access the replay, please call 1-800-475-6701 from the U.S., or +1-320-365-3844 from international locations, and use the access code 825093. You can also listen to the conference call online at www.radcom.com.
RADCOM develops, manufactures, markets and supports innovative network test and service monitoring solutions for communications service providers and equipment vendors. The company specializes in Next Generation Cellular as well as Voice, Data and Video over IP networks. Its solutions are used in the development and installation of network equipment and in the maintenance of operational networks. The company's products facilitate fault management, network service performance monitoring and analysis, troubleshooting and pre-mediation. For more information, please visit www.RADCOM.com.
http://biz.yahoo.com/prnews/060403/ukm008.html?.v=53
Dubi
Radware admits Q1 earnings will be half the forecast: 7 cents per share
03.4.06 | 10:42 By Shirley Yom-Tov
An announcement from an Israeli company on Wall Street on Sunday night usually does not portend well. Indeed, what Radware (Nasdaq: RDWR) had to say was not good news.
First-quarter earnings per share will be roughly half what had been expected: 7 cents per share, instead of 13 cents.
The company, which develops load-routing software for Internet traffic, did not explain the reason for the slide. Its revenue forecast was lowered by only $2.5 million, to $20 million, against it previous expectation of $22.2 million to $22.6 million.
Roy Zisapel, the company's president and chief executive, blamed lower than expected sales in the U.S., which is the company's main market, contributing more than 40% of income.
http://www.haaretz.com/hasen/spages/701914.html
Merrill Lynch: Weak Q1 for Radware
Radware dropped 13% on Nasdaq on Friday.
Shiri Habib 3 Apr 06 11:21
Changes in management and the slow launch of products will mean a weak first quarter for Radware Ltd. (Nasdaq: RDWR; TASE: RDWR), states Merrill Lynch in a new survey of the company. Although Merrill Lynch kept its “Buy” recommendation for the share, the share dropped 13% on Friday, in reaction to the report. It set a target price of $23.50, 33% above Radware’s market price on Nasdaq on Friday.
Merrill Lynch analysts Tal Liani and Stanley Kovler believe that Radware will not be able to meet forecasts of $22.3 million revenue for the first quarter, and $2.7 million in net profit ($0.13 per share).
Liani and Kovler write that change in management at Radware’s US branch could be the reason for the predicted underperformance. In January, Radware replaced David Hubbard as president of Radware Inc. with Larry P. Marino, formerly a VP at AT&T (NYSE:T). Merrill Lynch states, “We believe that this transition could be one of the issues contributing to weak execution.”
Merrill Lynch adds, “As is common with product cycles, there is risk of a spending pause ahead of new product releases (App Switch 5) which may be contributing to the slow start to 2006. Other new products (e.g. SecurFlo, new DefensePro) may be off to a slower start as channel partners adapt to effectively selling these solutions.” Market demand for Radware’s application switches “remains healthy”.
Liani and Kovler predict that while Radware’s share could be weak in the short term, the company’s position will improve during the second half of 2006. They predict that Radware will post $97.1 million revenue in 2006, 25% more than in 2005, and that it will post a net profit of $14.3 million, up 54% over 2005.
Radware provides application switches for routing traffic and managing and securing network data transmission. The company has a market cap of $335 million.
Published by Globes [online], Israel business news - www.globes.co.il - on April 3, 2006
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