Total : 58 View more »
Emerson's Network Power will deliver Avocent infrastructure management solutions to its data center customers.
This agreement will broaden Emerson's data center management capabilities to the tune of $1.2 billion.
http://www.csemag.com/article/357027-Emerson_to_acquire_Avocent.php
St. Louis-based diversified manufacturer Emerson said it will buy IT systems provider Avocent Corp. for $1.2 billion. The deal is expected to close around January 1. Headquartered in Huntsville, Ala.
http://www.inddist.com/article/356899-Emerson_to_acquire_Avocent_Corp_.php?rssid=20154
Company says acquisition will extend solutions it provides to data center customers
Total : 51 View more »
Oct 30, 2009 (SmarTrend(R) Spotlight via COMTEX) --
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Tags: market nasdaq profit securities trial
Companies: Avocent Corporation (AVCT)
LONDON, Oct 27, 2009 (BUSINESS WIRE) --
Avocent Corporation (Nasdaq: AVCT), a global leader in IT operations management, today announced that Microsoft has opted to use an Avocent hardware, software and services data management solution to manage its Microsoft Technology Center (MTC) Thames Valley facility. The solution gives the company powerful control over the new state-of-the-art facility.
Tools include Avocent DSView(R) 3 management software, which provides a single point of control via a simple Web-based interface, so IT administrators can remotely control servers and network equipment. IT managers no longer have to regularly visit the data center, even when a server crashes, shaving hours every week from their schedule.
Crucially, the Avocent end-to-end solution facilitates a high level of security. For reasons of client confidentiality, Microsoft manages servers at the console level and the Avocent end-to-end solution means that IT managers can see and manage these consoles easily, saving time and increasing efficiency.
Said Hao-Yin Tsang, Lab Engineer at MTC Thames Valley: "The alliance between Microsoft and Avocent is a huge advantage for us. Without these solutions we simply couldn't run our data center effectively. The Avocent technologies provide a secure, simple means of managing the entire infrastructure, reducing the amount of time we need to spend in the data center and helping us provide a reliable and effective service to our customers."
MTC is looking to use Avocent solutions to further optimize the data center in the future, including Avocent MergePoint(R) Infrastruture Explorer, which will create a diagram of the data center to calculate power consumption across all devices.
Said Owen McKee, Country Manager UK&I, Avocent: "Microsoft has to offer its customers best-in-class data center services and it has to do it efficiently and securely. Avocent solutions are the foundation that makes this possible by giving Microsoft technicians full visibility of facility performance, remote access and the infrastructure to ensure client data remains absolutely confidential."
About Avocent Corporation
Avocent delivers IT operations and infrastructure management solutions for enterprises worldwide, helping customers to reduce costs and simplify complex IT environments via integrated, centralized in-band and out-of-band hardware and software. Additional information is available at : www.avocent.com.
Forward-looking Statements
This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made, including the risks associated with general economic conditions, risks attributable to future product demand, sales, and expenses, risks associated with acquisitions and acquisition integration, risks associated with product design efforts and the introduction of new products and technologies, and risks associated with obtaining and protecting intellectual property rights. Other factors that could cause operating and financial results to differ are described in the Avocent annual report on Form 10-K filed with the Securities and Exchange Commission on February 27, 2009. Other risks may be detailed from time to time in reports to be filed with the SEC. Avocent does not undertake any obligation to publicly update its forward-looking statements based on events or circumstances after the date hereof.
Copyright (C) 2009, Avocent Corporation. All rights reserved. LANDesk and Avocent and their respective logos are registered trademarks or trademarks of Avocent Corporation, its subsidiaries or its affiliated companies in the United States and/or other countries. Other brands and names may be claimed as the property of others.
SOURCE: Avocent Corporation
Avocent Corporation Arlena Jackson, 256-261-6430 Global Public Relations Arlena.Jackson@avocent.com or Porter Novelli Jennifer Walker, 0207 853 2277 Jennifer.walker@porternovelli.co.uk
Tags: acquisition annual report art financial results hardware knowledge management nasdaq property sales schedule securities security software technology web
Companies: Avocent Corporation (AVCT)
Oct 27, 2009 (Close-Up Media via COMTEX) --
Avocent, an IT operations management solution provider, reported results for the third quarter and nine months ended September 30.
In a release dated October 21, the company stated:
- The company reported net sales of $137.6 million for the third quarter of 2009, compared to $128.6 million for the second quarter of 2009. Operational earnings per diluted share was $0.45 compared to $0.32 in the second quarter of 2009 while GAAP net income per diluted share was $0.16 compared to a net loss of $0.08 in the second quarter of 2009.
- Avocent's third quarter sales increased sequentially from the second quarter of 2009 by approximately $9.0 million. Sales, however, declined 25 percent to $137.6 million compared with $183.0 million in the third quarter of 2008 due to ongoing weaker IT spending, particularly for our server-linked products. Total branded product sales were $100.5 million for the third quarter of 2009, a decrease of 19 percent from $124.6 million in the third quarter 2008. Branded product sales rose to 73 percent of total third quarter 2009 net sales compared with 68 percent in the third quarter of 2008. Total OEM product sales were $37.1 million for the third quarter of 2009, a decrease of 36 percent from $58.4 million in the third quarter 2008. OEM product sales represented 27 percent of third quarter 2009 net sales compared with 32 percent in the third quarter of 2008. U.S. sales declined 21 percent to $74.9 million and international sales were down 29 percent to $62.7 million compared with the third quarter of 2008.
"As we expected, our third quarter revenue increased from the second quarter due primarily to higher government product sales, and we continued to experience a soft market for our server-linked products," said Mike Borman, Avocent's CEO.
- Third quarter 2009 operational net income, which is income prior to acquired in-process research and development, intangible amortization, restructuring and integration costs, and stock compensation expenses, decreased 34 percent to $20.1 million, or $0.45 per diluted share, compared with operational net income of $30.4 million, or $0.67 per diluted share, in the third quarter of 2008.
- GAAP net income for the third quarter of 2009 was $7.1 million, or $0.16 per diluted share, compared with GAAP net income of $11.0 million, or $0.24 per diluted share, in the third quarter of 2008. Net adjustments to reconcile operational net income to GAAP net income were $13.1 million in the third quarter of 2009, compared to $19.5 million in the third quarter of 2008.
- Operational gross profit for the third quarter of 2009 was $89.3 million compared with $118.6 million in the third quarter of 2008. Operational gross margin rose to 64.9 percent in the third quarter of 2009 compared with 64.8 percent in the third quarter of 2008. GAAP gross profit for the third quarter of 2009 was $84.6 million compared with $114.0 million in the third quarter of 2008. GAAP gross margin was 61.5 percent in the third quarter of 2009 compared with 62.3 percent in the third quarter of 2008.
- Research and development expenses excluding stock-based compensation, were down 18.3 percent to $18.7 million ($19.6 million on a GAAP basis, which includes stock-based compensation of $869,000), or 13.6 percent of sales, compared with $22.9 million ($24.4 million on a GAAP basis, which includes stock based compensation of $1.5 million), or 12.5 percent of sales, in the third quarter of 2008.
- Selling, general and administrative expenses, excluding stock-based compensation declined 16.5 percent to $47.0 million ($52.2 million on a GAAP basis, which includes stock-based compensation of $5.2 million), or 34.2 percent of sales, compared with $56.3 million ($60.3 million on a GAAP basis, which includes stock-based compensation of $4.0 million), or 30.7 percent of sales, in the third quarter of 2008.
- Operational operating income, excluding restructuring and integration costs, stock-based compensation and intangible asset amortization, was $23.7 million in the third quarter of 2009 compared with $19.2 million in the second quarter of 2009 and $39.4 million in the third quarter of 2008. GAAP operating income was $2.3 million in the third quarter of 2009 compared with $693,000 in the second quarter of 2009 and $13.8 million in the third quarter of 2008.
"Our operating income benefited from the restructuring programs we implemented earlier in 2009," said Borman.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
Tags: ceo earnings gaap government market products research and development restructuring revenue sales
Companies: Avocent Corporation (AVCT)
Oct 21, 2009 (Wall Street Horizon via COMTEX) --
Avocent Corporation (AVCT)
Expected next earnings release: Announcement date: 10/21/2009 - After Market Earnings Quarter: Q3 Announcement Status: Verified
Tags: corporate earnings market
Companies: Avocent Corporation (AVCT)
Total : 6,356 View more »
Avocent needed to increase its distribution capacity and throughput without a costly physical expansion. Read this case study to see how Catalyst stood out as the clear choice to partner Avocent on this project plan of upgrading their SAP warehouse management system.
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Avocent and the Avocent logo are trademarks or registered trademarks of Avocent Corporation or its affiliates. All other marks are the property of their respective owners. Copyright © 2005 Avocent Corporation. All rights reserved.
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http://www.infosec.co.uk/page.cfm/T=m/Action=Press/PressID=420
Acquisition Of Avocent Corp. by Emerson Electric Co. Call - Emerson Electric Co. - Earnings Transcript Tuesday, October 06, 2009 03:00
http://www.researchandmarkets.com/reportinfo.asp?report_id=1085234
Total : 1,990,000 View more »
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