PMC-Sierra®, the premier Internet infrastructure semiconductor solution provider, offers its customers technical and sales support worldwide through a network of offices in North America, Europe, Israel and Asia. PMC-Sierra provides semiconductor solutions for Enterprise and Channel Storage, Wide Area Network Infrastructure, Fiber To The Home, and Laser Printer market segments.




PMC-Sierra Reports Second Quarter 2011 Results

PMC-Sierra, Inc., (Nasdaq:PMCS) or PMC, the semiconductor innovator transforming storage, optical and mobile networks, reported results for the second quarter ended June 26, 2011.

Net revenues in the second quarter of 2011 were $171.0 million, a sequential increase of 9% compared with $157.4 million in the first quarter of 2011, and 6% higher than net revenues of $160.7 million in the second quarter of 2010.

In the second quarter of 2011, the Company reported GAAP net income of $16.7 million, or $0.07 per diluted share, compared with GAAP net loss in the first quarter of 2011 of $7.7 million, or $0.03 per share. Non-GAAP net income in the second quarter of 2011 was $40.2 million, or $0.17 per diluted share, compared with non-GAAP net income of $30.6 million, or $0.13 per diluted share, in the first quarter of 2011.

“Strength in our storage and optical businesses, combined with solid execution, resulted in a strong second quarter,” commented Greg Lang, president and chief executive officer of PMC. “PMC also made several product announcements during the quarter, reinforcing our leading position as the network semiconductor innovator. These announcements spanned the SAS 2 storage, optical networking and mobile connectivity markets.”

Net income on a non-GAAP basis in the second quarter of 2011 excludes the following items: (i) $7.0 million stock-based compensation expense; (ii) $1.2 million acquisition related costs; (iii) $11.0 million amortization of purchased intangible assets; (iv) $0.9 million of non-cash interest expense for the accretion of the debt discount related to the senior convertible notes; (v) $0.7 million of other items; and (vi) $2.7 million income tax provisions.

In the second quarter of 2011:

Storage
The Company announced that it has shipped more than 74 million 6Gb/s SAS system ports, establishing PMC as the leading provider of 6Gb/s SAS technology for storage systems and servers.

PMC introduced the Tachyon® SPCv SAS/SATA protocol controllers, which double the performance and port density of existing solutions and deliver more than 750,000 I/Os per second.

PMC also announced the industry’s first true hardware 6Gb/s SATA/SAS RAID controllers with on-board DRAM cache for the entry-level market segment.

Optical
The Company introduced the POLO 40G, the industry’s most advanced 40Gb/s System-on-Chip (SoC) solution for coherent optical networking.
FiberHome, one of China’s leading fiber-optic communications equipment providers, selected PMC’s HyPHY chipset for its FONST Series family of WDM optical transmission solutions.

PMC also announced quad-port EPON OLT SoC solutions, the first to integrate network power management and optical fiber diagnostics while supporting advanced traffic management and eliminating the need for a separate aggregation switch.


Mobile
PMC’s Universal Front End 4 (UFE4) silicon received the NGN Leadership Award in the network technology category presented by NGN Magazine.


More about PMCS at www.pmc-sierra.com.

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Staples, Inc. (NASDAQ:SPLS) revealed a new back-to-school advertising campaign featuring prime-time television star and "Young Artist Award" winner, Rico Rodriguez. The campaign will spotlight Staples as a one-stop shopping destination for all parents and students to get their back-to-school products. Two of the spots, starring Rico Rodriguez, highlight the breadth of products and great deals at Staples and can be viewed by clicking on this link.

Staples, Inc., together with its subsidiaries, operates as an office products company. The company sells various office supplies and services, business machines and related products, computers and related products, and office furniture.

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Crown Equity Holdings Inc. (CRWE)

Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.

Crown Equity Holdings, Inc. announced that it has extended its CRWENEWSWIRE global platform web presence and is now publishing online news and information to the following countries: Argentina, Australia, Brazil, China, France, Germany, India, Ireland, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, United Arab Emirates and the United Kingdom, using their specific country code domain and native language.

Article marketing has become a significant factor in establishing search engine rank. By generating content that takes advantage of search engine optimization (SEO), you can gradually climb the ranks of the engines. If writing does not come naturally, you need to hire a freelance article writing service. CRWE can provide you with articles that will establish you in your field and convince customers that your site is where they need to go.

For more information, please visit their website: http://www.crownequityholdings.com

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KVH Industries, Inc., (Nasdaq:KVHI) announced that 1,500 TracPhone(R) systems for its mini-VSAT BroadbandSM network have been shipped to customers. The milestone comes only three weeks after KVH announced the completion of its original global Ku-band network plan with the addition of South American coverage. Together, these announcements reinforce the mini-VSAT Broadband service's position as both the world's fastest growing and largest maritime Ku-band network. In addition to the 1,500 systems shipped to customers, many additional systems are currently fielded for trials.

KVH Industries, Inc. engages in the development, manufacture, and marketing of mobile communication products for the marine, land mobile and aeronautical markets primarily in North America, Europe, and Asia.

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Cleantech Transit Inc. (CLNO)

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that can maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy has to offer.

The use of biomass energy has the potential to greatly reduce greenhouse gas emissions. Burning biomass releases about the same amount of carbon dioxide as burning fossil fuels. However, fossil fuels release carbon dioxide captured by photosynthesis millions of years ago-an essentially "new" greenhouse gas. Biomass, on the other hand, releases carbon dioxide that is largely balanced by the carbon dioxide captured in its own growth (depending how much energy was used to grow, harvest, and process the fuel).

Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.

The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.

For more information about Cleantech Transit Inc. visit their website: www.cleantechtransitinc.com

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Shire plc (Nasdaq:SHPGY) will announce second quarter 2011 earnings on Thursday July 28, 2011. Results press release will be, issued at: 12:00 BST / 07:00 EDT, Investor conference call, time: 14:00 BST / 09:00 EDT. Angus Russell, Chief Executive Officer and Graham Hetherington, Chief Financial Officer will host the investor and analyst conference call at 14:00 BST/9:00 EDT.

Shire plc, a specialty biopharmaceutical company, engages in the research and development, manufacture, sale, and distribution of pharmaceutical products. It operates in two segments, Specialty Pharmaceuticals and Human Genetic Therapies.






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