News From Lexis Nexis

Operating income declined 36% to $158m compared to $247m in the same period last year. Basic EPS was $0.14 compared to $0.29 last year. Cash and cash equivalents at the end of the quarter was $1.2 billion. The company said equipment revenue declined 29% to $802m, while service, outsourcing, and rentals revenue fell 9% to $1.94 billion. Finance revenue fell 10% to $178m, while supplies, paper and other revenue declined 18% to $753m. During the quarter, the company elevated CFO Lawrence A Zimmerman as vice chairman of the company. It also resolved all patent disputes with Acacia Research subsidiary International Printer by signing a license agreement covering a patent portfolio relating to networkable multifunction printer technology. It also announced plans to acquire IT services vendor Affiliated Computer Services for $6.4 billion to move into the growing IT outsourcing business. Xerox chief executive, Ursula Burns, said: "Our third-quarter performance reflects our continued disciplined approach to managing cash and reducing costs. As a result, we exceeded our expectations for earnings and operating cash flow, and are benefiting from operational improvements that are mitigating the economic challenges." The company said it expects fourth quarter EPS in the range of $0.20 to $0.22 and fiscal 2009 EPS in the range of $55 to $57.

Operating income declined 30% to INR2.6 billion ($56.3m), while diluted EPS decreased to INR12.99 ($0.28) compared to INR23.23 ($0.50) last year. Geographically, North America accounted for 28.4% of total revenue, Europe 60.9%, and rest of the world 10.7%. The company said telecoms services revenue decreased 4% to INR9.8 billion ($212m), telecoms equipment revenue increased 27% to INR 699m ($15.1m), BPO revenue increased 6% to INR674m ($14.6m), and other revenue increased 14% to INR266m ($5.8m). The results do not include the financials of Satyam Computer Services, which the company acquired earlier this year for INR28.9 billion ($578m) to diversify its focus from the telecoms vertical to financial services, healthcare, manufacturing, and compete with TCS, Infosys, Wipro, IBM, and Accenture. During the quarter, the company expanded its presence in Northern India with a new 1000-seat BPO center in Chandigarh to provide customer service delivery for global telecoms providers. Vineet Nayyar, vice chairman at Tech Mahindra, said: "Our results this quarter reflect the growing demand for our capabilities and our focus on operational excellence."

In this role, Mr Workman will oversee all aspects of Omnicare's financial operations as well as its information technology function. Mr Workman will report to Joel Gemunder, the company's president and CEO. Mr Workman currently serves as executive vice president and CFO of HealthSouth, a provider of inpatient rehabilitative healthcare services. Prior to joining HealthSouth, Mr Workman was CEO of US Can Corporation, where he also served as COO and CFO during his six-year tenure. Mr Gemunder said: "We are delighted to welcome John to our executive management team. John has demonstrated strong financial leadership and an operational focus throughout his career, and we believe he will be an invaluable asset in building upon our financial strength and operational efficiency across the organization to support our objective of generating long-term profitable growth."

WASHINGTON, Oct. 1 -- The following federal contracts were announced by federal agencies based in Virginia. *** MILITARY $72,694 Federal Contract Awarded to PPG Industries WASHINGTON, Sept. 30 -- PPG Industries Inc., Huntsville, Ala., won a $72,694 federal contract from the Defense Logistics Agency's Defense Supply Center, Richmond, Va., for windshield panels.

HOUSE COMMITTEE ON ARMED SERVICES, DEFENSE ACQUISITION REFORM PANEL HOLDS A HEARING ON DOD IMPROVING INNOVATION AND COMPETITION IN ACQUISITION BY BETTER UTILIZING SMALL BUSINESS OCTOBER 29, 2009 SPEAKERS: REP. ROBERT E. ANDREWS, D-N.J. CHAIRMAN REP. JIM COOPER, D-TENN. REP. BRAD ELLSWORTH, D-IND. REP. JOE SESTAK, D-PA. REP. K. MICHAEL CONAWAY, R-TEXAS RANKING MEMBER REP. DUNCAN D. HUNTER, R-CALIF. REP. MIKE COFFMAN, R-COLO. REP. HOWARD P. "BUCK" MCKEON, R-CALIF. WITNESSES: MS. LINDA OLIVER, ACTING DIRECTOR, OFFICE OF SMALL BUSINESS PROGRAMS, U.S. DEPARTMENT OF DEFENSE

Nicolas Kyvernitis Electronics Enterprises, distributors of Shure microphones and audio electronics in the United Arab Emirates, Bahrain, Qatar and Oman have supplied Mediakraft with the top of the line Shure UHF-R microphone system for their live sound concerts and corporate events.

D-Link Middle East, the end-to-end computer network solutions provider for consumer and businesses, today released the D-ViewCam Add-in for Microsoft Windows Home Server, a software application that, when paired with a home server, lets users quickly and easily manage and access D-Link's most popular home security cameras from any computer with a web browser.

KATHMANDU, Nov. 01 -- Market monitors dispatched from Department of Commerce (DoC) has booked 89 wholesalers and retailers that were not found to be abided by existing law over the period of one week.DoC, in association with District Administration Office, Department of Food Technology and Quality Control, consumer rights defenders and mediapersons had carried out a surprise check in the Valley when they found the irregularities.Of the 297 shops that saw market monitors, 89 were reportedly caught guilty. According to the statistics provided by DOC, 13 shops were not displaying price list which the shopkeepers are required to put in a visible place to get the consumers updated with the current market price of essential commodities.While, those not displaying signboard numbered 15 and seven businessmen were running their enterprises without getting their business registration renewed.

Pakistan, Nov. 01 -- SONY Corp and Samsung Electronics gave a robust outlook on improving demand and cost cuts, fuelling hopes that a recovery in the global tech sector will outlive the pre-Christmas shopping season.The strong showing from other Asian technology groups such as Sharp Corp, Acer and Panasonic provided further ammunition for bullish technology investors, rounding out the industry's upbeat quarterly earnings."In the global IT sector, the recovery next year will be led by sectors that suffered most this year, such as PCs. The strongest recovery will be in memory chips," Mirae Asset Securities analyst Lee Hak-Moo said."LCD TVs have done well this year and its performance in 2010 won't stand out so much."Taiwan PC firms Acer and Quanta issued upbeat sector outlooks, underscoring the recovery in consumer demand and boding well for peers such as Hewlett-Packard and Dell.Globally, investors are taking heart from the US' return to economic growth, which gives reassurance on the recovery's staying power. On Thursday, data showed consumer spending, which normally accounts for more than two-thirds of US economic activity, rose 3.4 per cent in the third quarter, the fastest advance since the first quarter of 2007.Samsung the world's top maker of memory chips and LCD screens, signalled bigger players are set to further widen the gap over smaller firms in a tech sector recovery.The South Korean company, along with home rival LG Electronics, has made a spectacular turnaround this year, grabbing market share from the likes of Sony, which reported a loss for the fourth straight quarter on Friday.Sony announced a quarterly loss of $290US million, hit by weak demand for televisions, cameras and other electronic goods.The electronics giant posted a smaller-than-expected net loss of ꔦ.3 billion for the fiscal second quarter through September, swinging into the red after a ꔠ.8-billion profit a year earlier.It logged an operating loss of ꔲ.6 billion, compared with a profit of ꔑ billion in the same period of 2008. Revenue declined 19.8 per cent year-on-year to ੑ.66 trillion."I don't see any risk in Samsung's competitiveness and there's zero chance supplies will rise significantly," said Song Myung-sup, an analyst at HI Investment & Securities.

Pakistan, Nov. 01 -- Electro-Metal Pressings Pvt, Ltd., which had its beginning as a small enterprise, producing electricity built spare parts, in 1992 has grown in stature and magnitude by 2003.01.10, producing electric boards exceeding 6000 amps, controlling systems, central systems, wiring networks, computer data loading systems, voltage indicating equipments and electric bulbs, under an enhanced management staff.Today this institute has earned a name as a High Quality Engineering Goods Manufacturing Company, winning ISO 9001-2008, ISO 14001-2004, OSHAS 18001-2007 ASTA International Standard Certificate, and the ICTAD, EMI certificate released by the Construction Training and Development Institute.At the 6th anniversary celebration, the Institutes Director Board participated. Institutes Chairman Chandranandana, the Director Suresh Kumara and the General Manager Ravi Rupasinghe, addressed the ceremony. Published by HT Syndication with permission from Right Vision News. For more information on news feed please contact Sarabjit Jagirdar at htsyndication@hindustantimes.com

The American National Standards Institute issued the following news release: Did You Know? offers a quick look at the broad scope of activities underway within the ANSI Federation, highlighting the people and initiatives making waves in standardization. CEA Calls for Participants in Metadata Study Group The Consumer Electronics Association (CEA), a member and accredited standards developer of the American National Standards Institute (ANSI), is seeking participants for a new Metadata Study Group to investigate how and where metadata is used. Metadata is structured data that describes the characteristics of a digital file, a digital stream, or other resource - for example, the title and performer of a music file.

The American Meat Institute issued the following news release: Richard G. Searer, retired president of Kraft Foods North America and former chairman of the American Meat Institute (AMI) was honored today by AMI with its highest award: the Industry Advancement Award. The award was presented during AMI's International Meat, Poultry & Seafood Convention & Exposition, part of Worldwide Food Expo, Oct. 28-31, at McCormick Place in Chicago, Ill.

The Bronx Borough President issued the following news release: Offering a "Smart Start to the School Year" for Bronx residents, Bronx Borough President Ruben Diaz Jr. and Per Scholas President & CEO Plinio Ayala have together announced a special back-to-school deal on over 1,000 refurbished laptop computers which are now available for only $275 a piece.

The Canadian Auto Workers union reached a deal with Ford Canada that will lower the company's operating costs and guarantee two new vehicles for the automaker's major Canadian assembly plant, the head of the union said Friday.

SAN DIEGO, Oct. 30 /PRNewswire-FirstCall/ -- In a speech today to the City Club of San Diego, John C. Lechleiter, Ph.D., chairman and chief executive officer of Eli Lilly and Company (NYSE: LLY), said that the engine of biopharmaceutical innovation is "broken." He offered a vision for biopharmaceutical companies to "reinvent innovation" to make the most of today's wealth of scientific knowledge to benefit patients and address unmet medical needs. Lechleiter's remarks came the day after his company dedicated a state-of-the-art biotechnology center in San Diego. "At a time when the world desperately needs more new medicines - for everything from H1N1 to Alzheimer's disease - we're taking too long, spending too much and producing far too little," said Lechleiter, whose company is headquartered in Indianapolis, Ind. "Repowering pharmaceutical innovation is an urgent need not only for our company and our industry but for our nation - and for communities like San Diego and Indianapolis that have a huge stake in the life sciences. We remain dependent on a society that welcomes and values new ideas, and public policy that enables innovation to be rewarded for the value it creates. But we also know that we need to change."

ALLENTOWN, Pa., Oct. 30 /PRNewswire/ -- Aftersoft Network N.A., Inc, a wholly owned subsidiary of Aftersoft Group, Inc (OTC Bulletin Board: ASFG.OB), a leading provider of business automation and ecommerce solutions for the automotive aftermarket, is pleased to announce that eleven tire & auto service companies representing thirty-eight store locations have recently deployed its VAST Enterprise tire & auto service point of sale software.

Computer & Software Stores Industry Report- Now Available Dublin - Research and Markets (http://www.researchandmarkets.com/research/1b0678/2010_u_s_computer) has announced the addition of the "2010 U.S. Computer & Software Stores Industry Report" report to their offering.

NEW YORK, Oct. 30 /PRNewswire/ -- Ethernet Expo Americas 2009, hosted by Light Reading (www.lightreading.com), the leading online publication for the telecom industry, and Heavy Reading (www.heavyreading.com), its prestigious market research division, has quickly emerged as the industry's leading Carrier Ethernet event in terms of speaker line up and attendee quality and quantity. "The key movers and shakers in the Carrier Ethernet world will be gathering in New York City during November 3 and 4 to discuss the latest services and technology trends, said Stan Hubbard, Heavy Reading Senior Analyst and Ethernet Expo Chairman. "This year's event represents a unique, unprecedented opportunity for enterprise CIOs and other communications network professionals to engage with operators regarding next-generation Ethernet business connectivity services and applications tailored to meet the needs of different industry verticals. It also is a great chance for communications service providers to explore the industry's most advanced solutions for building high-performance networks based on Carrier Ethernet, MPLS, and packet optical technologies."

Research and Markets ( http://www.researchandmarkets.com/research/25e9b5/impact_of_counterf ) has announced the addition of the "Impact of Counterfeits on Parallel Trade & Pharmaceutical Distribution: Issues, Initiatives and Insights for Supply Chain Integrity" report to their offering. Parallel trade is a legitimate method of pharmaceutical import and export within the EU zone. Although previously recognized in North America as illegal, cross-border reimportation is now permitted following legislation allowing drugs to be imported into the US from Canada. However, counterfeit drugs have been shown to be increasingly introduced into the global supply chain, which threatens patient safety, ethical pharmaceutical sales, and undermines the integrity of the distribution channels. Parallel trade is regarded as a major contributor to counterfeiting and this is explored in the report.

GE Healthcare, a leading provider of healthcare information technology, today announced that its Centricity Health Information Exchange solution (HIE) participated in the Vermont Information Technology Leaders, Inc. (VITL) second annual Interoperability Showcase. VITL is a not-for-profit organization that is facilitating the implementation of electronic medical records (EMR) systems using the GE Centricity HIE in Vermont. An HIE aims to enable care providers to securely share health information across local, regional, and eventually, national health networks. VITL demonstrated how eight different vendor EMRs could feed data into the GE Centricity HIE, enabling various healthcare providers to view and share radiology and lab results, medication histories and other critical patient data. The showcase included two clinical scenarios to illustrate how the GE Centricity HIE can facilitate the sharing of clinical data across the continuum of care to help clinicians make more informed decisions. The scenarios tracked a patient's clinical data from primary care, specialist and emergency department visits through hospital discharge.