During his 30-year career, Mr. Rosengarten has held several leadership roles in risk management, including Managing Director of Risk Management and Analytics for Goldman Sachs Asset Management (GSAM) for the past 10 years. Prior to this, from 1993 to 1997, he was Director of Risk and Quantitative Analysis at Commodities Corporation, which was acquired by GSAM in 1997 and is now GSAM's Hedge Fund Strategies Unit. From 1983 to 1992, Mr. Rosengarten held progressively senior positions as Director of Accounting, Assistant Controller, then Controller at Commodities Corporation. He began his career as an Auditor at Arthur Young & Company in 1979.

Commenting on Mr. Rosengarten's appointment, Mr. McGavick said: "This appointment demonstrates XL's commitment to excellence in enterprise risk management. This has been a core pillar of XL's business and while much progress has been made at XL, we know we can do better, and, working with Jacob, this remains one of my top key areas of focus. We are excited to add Jacob's wealth of knowledge and experience in Enterprise Risk Management to our reorganized leadership in risk underwriting and management."

XL Capital Ltd, through its operating subsidiaries, is a leading provider of global insurance and reinsurance coverages to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis. As of June 30, 2008, XL Capital Ltd had consolidated assets of approximately $52.1 billion and consolidated shareholders' equity of approximately $8.8 billion. More information about XL Capital Ltd is available at www.xlcapital.com.

SOURCE XL Capital Ltd

http://www.xlcapital.com/

Revenue for the Charlotte-based company climbed 58% to $354.7 million from $224.4 million a year earlier.

For fiscal 2008, Piedmont Natural Gas affirmed its earnings guidance range of $1.45 to $1.55 a share with "emphasis on the upper end of that range." Analysts, on average, forecast profit of $1.51 a share.

The company's shares closed Friday at $28. Casey Logan cl/vj

COPYRIGHT

Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

MMMM

The new IBM(R) Systems Director 6.1 software, part of IBM's New Enterprise Data Center strategy to streamline complex infrastructures, is a suite of software tools to help clients manage energy, virtualization and overall computer operations. While industry spending on service administration and energy for running servers exceeds the spending on the server hardware themselves(2), IBM Systems Director helps clients reduce system administration and energy costs by nearly 30 percent in a typical data center, according to a recent International Technology Group study.

With the new IBM Systems Director as a foundation, IBM delivers an end-to-end systems management solution that helps clients deploy, monitor, analyze, optimize and update the server consolidation and virtualization environments that businesses are deploying today in an effort reduce the complexity and control the costs of their IT infrastructures. For CIO's, server virtualization, server consolidation and cost cutting are the three top priorities today, according to recent studies(3). Specifically, IBM Systems Director allows clients to:

--  Control costs and reduce complexity of systems management by
integrating platform management provided by IBM Systems Director with IBM
Tivoli(R) enterprise service management for a total IT service management
strategy;
--  Optimize the use of virtual resources to drive up server utilization
and to reduce energy usage and cooling;
--  Reduce downtime by monitoring the "health status" of physical and
virtual resources on one server or across the datacenter.

"With IBM Systems Director, we're providing clients a means to better understand the complexity and costs associated with managing their datacenter," Rich Lechner, Vice President, Enterprise Systems. "As a result, clients can coordinate and manage the virtual and physical resources that make up their entire infrastructure. The combination of IBM Systems Director and Tivoli software consolidates an IT manager's infrastructure in one view -- an 'intelligent dashboard' -- allowing them to see and manage in real time the energy, space and people costs they need to allocate for and optimize."

The next-generation IBM Systems Director software now has integrated cross-platform virtualization management as well as a redesigned user interface to improve productivity. Serving as a central point of the computing environment, IBM Systems Director works to oversee the operations of IBM System z(R), IBM Power Systems, IBM BladeCenter(R) and IBM System x servers, as well as IBM System Storage platforms, along with select non-IBM hardware and storage systems.

Designed for ease-of-use, IBM Systems Director has a simple, intuitive browser-based interface, which provides a consistent look and feel with common and familiar management tasks. Additionally, it gives users a complete, single view of the data center's physical and virtual devices and energy consumption through the IBM Systems Director Active Energy Manager plug in -- including details from facility assets such as power distribution and cooling equipment.

Specific IBM server and storage offerings that the new IBM Systems Director applies to:

--  IBM Power Systems: IBM Systems Director for Power Systems supports the
entire server line from the high-end to blades and helps clients deploy,
monitor, analyze, optimize and update Power server and storage physical and
virtual resources running any combination of AIX, i or Linux(TM) workloads.
A new edition of IBM's UNIX operating system, AIX "Enterprise Edition"
includes the IBM Systems Director agent and integrates the AIX Workload
Partition (WPAR) Manager as well as Tivoli components that discover
applications and server relationships, monitor system utilization and
configuration changes and provide a visual representation of systems usage.
More information can be found here:
www.ibm.com/systems/power/software/management
--  IBM System z: Available for customers running Linux on System z, IBM
Systems Director exploits the mainframe's inherent virtualization
capabilities to scale resources to support millions of transactions per day
or scale out to manage tens to hundreds of virtual servers. It supports
z/VM(R) 5.4 and is designed to run hundreds to thousands of Linux servers
on a single mainframe running with other System z operating systems, such
as z/OS(R), or as a large-scale Linux-only enterprise server solution. z/VM
can also help to improve productivity by hosting non-Linux workloads such
as z/OS, z/VSE, and z/TPF. More information can be found here:
www.ibm.com/systems/z/advantages/virtualization/
--  IBM System x: IBM System x(TM) servers are based on X-Architecture(R),
IBM's design blueprint for Intel processor-based servers, providing
exceptional power-efficiency, performance and virtualization capabilities
for today's most demanding datacenters. IBM Systems Director is supported
across the IBM System x portfolio, supplying clients a single, consistent
interface to better manage IT. More information can be found here:
www.ibm.com/systems/x/advantages/
--  IBM BladeCenter: IBM BladeCenter combines servers, storage and
networking in a single system. IBM Systems Director supports the entire IBM
BladeCenter portfolio of five chassis and multiple servers designed to meet
a wide range of specific client needs. More information can be found here:
www.ibm.com/systems/bladecenter/
--  IBM System Storage: System Storage includes the IBM DS-series and
N-series SAN and NAS storage. Systems Director for Storage supports
integrated management of these storage products. Launch-level Integration
and advanced storage management is provided with IBM TotalStorage(R)
Productivity Center.  More information can be found here:
www.ibm.com/systems/storage/

IBM Global Technology Services is available to help clients analyze gaps and requirements for effective systems management and speeds up the implementation, configuration and deployment of IBM Systems Director 6.1. IBM Services is also able to assist existing IBM Systems Director clients in migrating to the new release, and offers maintenance and technical support services for the IBM Systems Director. The new IBM Systems Director software will be generally available in Q4'08.

About IBM

For more information about IBM Systems Director, visit http://www.ibm.com/systems/virtualization/about/campaigns/virtualization_management.html

1 Source: Value Proposition for IBM Systems Director: Challenges of Operational Management for Enterprise Server Installations, Management Brief September 2008 International Technology Group, Los Altos, California

2 Source: IDC, Virtualization 2.0: The Next Phase in Customer Adoption, Doc #204904, Dec 2006

3 Source: Goldman Sachs Group IT Spending Survey, July 2008.

Contact:
Charles Zinkowski
IBM Global PR
917-472-3415
charlesz@us.ibm.com

SOURCE: IBM

mailto:charlesz@us.ibm.com

Ciena Corp. (CIEN)

Valero Energy Corp. (VLO

Freeport-McMoRan Cooper & Gold Inc. (FCX)

XL Capital Ltd. (XL)

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