OXNARD, CA — (Marketwire) — 12/20/12 — (NASDAQ: CAMP), a leading provider of wireless products, services and solutions, today reported results for its third quarter ended November 30, 2012. Highlights for the quarter include:Consolidated third quarter revenue of $44.3 million, up 35% compared to the third quarter last year; Wireless Datacom revenue up 40% year-over-year to an all-time high of $36.3 million.Third quarter GAAP net income of $4.2 million or $0.14 per diluted share, compared to
Acquisition Will Bring Mobile Workforce Management Applications to CalAmp-s Core Verticals and Is Expected to Increase Subscription and SaaS-Based Revenues to Approximately 20% of Sales
MARKHAM, ONTARIO — (Marketwire) — 12/20/12 — LOREX Technology Inc. (TSX VENTURE: LOX) ("LOREX") is pleased to announce that FLIR Systems, Inc. has concluded the acquisition (the "Transaction") of LOREX and has acquired all of the outstanding common shares of LOREX (the "Common Shares") for cash consideration of CAD $1.30 per Common Share. As a result of the completion of the Transaction, the Common Shares of LOREX will be delisted from the TSX Venture Exchange.
HILVERSUM, THE NETHERLANDS — (Marketwire) — 12/20/12 — READEN HOLDING CORP. (PINKSHEETS: RHCO) subsidiary D5 MOBILE, announced today to add to their mobile phones distribution of the D5 MOBILE brand and all major brands like APPLE, BLACKBERRY, SAMSUNG and NOKIA. The company will start distribution of all major spare parts to the repair companies throughout Europe. It is a known fact that there is a very fast growing market for retailers who start a repair division as a service to their cust
STOCKHOLM, SWEDEN — (Marketwire) — 12/20/12 –* Decision to not acquire full majority of ST-Ericsson.* Non-cash charge of approximately SEK 8 b. in Q4, 2012 related to its
50%
stake in ST-Ericsson, including approximately SEK 3 b. cash out of
which the
majority in 2013.Ericsson (NASDAQ: ERIC) today announced that it will take a non-cash charge
of
approximately SEK 8 b. in Q4, 2012 related to its 50% stake in ST-Ericsson.
The
total effect on Ericsson Group Net Income Q4, 2012, is approx
TORONTO, ONTARIO — (Marketwire) — 12/19/12 — TeraGo Inc. (TSX: TGO) () today provided an update on the strategic review process that was announced by the Company-s Board of Directors on September 5, 2012. The process of reviewing strategic options is being overseen by a Special Committee of the Company-s Board of Directors comprised of four independent directors.The Company continues to explore and evaluate a range of strategic options with a view to enhancing shareholder value. The Company
MARKHAM, ONTARIO — (Marketwire) — 12/19/12 — LOREX Technology Inc. (TSX VENTURE: LOX) ("LOREX") announced today that it has obtained final court approval from the Ontario Superior Court of Justice (Commercial List) of the previously announced proposed plan of arrangement (the "Arrangement"), pursuant to which FLIR Systems, Inc. will acquire all the issued and outstanding common shares of LOREX. The Arrangement was approved by LOREX-s shareholders at the special meeting o
VICTORIA, BRITISH COLUMBIA — (Marketwire) — 12/18/12 — Vecima Networks Inc. ("Vecima" or "the Company")(TSX: VCM), a leading designer and manufacturer in the broadband cable and wireless network infrastructureMarket, announced today that it has been named as a defendant in legal proceedings filed in the Supreme Court of Ontario by Inukshuk Wireless Partnership ("Inukshuk"). Inukshuk alleges in the legal proceedings, among other things, that an agreement existed
