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Archive for July, 2011

BMC Software’s 1Q Revenue Disappoints, Profit Beat

July 28th, 2011

Business software company BMC Software Inc. said its first-quarter net income inched higher while revenue grew as it said it capitalized on customer demand for agile, flexible information technology infrastructures. But revenue fell short of expectations and shares fell.

Net income in the three months through June 30 rose 3 percent to $95.7 million, or 53 cents per share, from $92.8 million, or 50 cents per share, a year earlier.

Adjusted to exclude share-based compensation expenses, amortization of intangibles and other items, adjusted earnings per share came to 72 cents, beating the 68 cents expected by analysts polled by FactSet.

Revenue grew 9 percent to $502.4 million from $460.9 million a year earlier, slightly below the $507.1 million expected by analysts.

The company lifted its annual adjusted earnings guidance by 4 cents to $3.25 to $3.35 per share. The midpoint was slightly better than the $3.27 expected by analysts. It said revenue would grow for the full year “in the high single to low double digits.” Analysts are expecting revenue growth of 9 percent this year.

Shares fell $2.39, or 5 percent, to $46.50 in after-hours trading, after already dropping $2.13, or 4.2 percent in the regular session Wednesday.

Source:http://abcnews.go.com/Technology/wireStory?id=14175889

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Posted in Software News

Tags: Profit Software

Grand Strand Tea Party president arrested for selling fake computer software

July 27th, 2011

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The president of the Grand Strand Tea Party and his son were arrested on charges related to counterfeit language software being sold to a Loris man, according toan Horry County police report.

Anthony Jack Trinca, 61, and Michael Robert Trinca, 23, both of Myrtle Beach, spent about two hours at J. Reuben Long Detention Center Tuesday, each charged with unauthorized use or trafficking in counterfeit trademarks by an individual, according to jail records. They were each released on $5,000 bail.

An Horry County police report showed that a 46-year-old man called police June 17 about six Rosetta Stone language software packages he purchased from Anthony Trinca and learned the items were counterfeit. The man said that at the end of May he bought the products for $125 each after seeing an ad on Craigslist.

The man said he picked up two of the software packages after meeting Anthony Trinca in a parking lot at Market Commons on May 29. The next day the man purchased the other packages from Trinca’s home on Palmetto Glens, which is where Trinca operated a computer business known as Computer Repair Dirt Cheap.

The man told police he saw several other computer software products inside the home, which he also believed were counterfeit, according to the report. The man said he sold two of the software packages on Ebay and learned it was counterfeit.

The man said he tried 10 times to get his money back from Trinca, who refused to return it.

Trinca is listed as the president of the Grand Strand Tea Party, according to the group’s website and information.

source:http://www.thesunnews.com/2011/07/27/2301072/grand-strand-tea-party-president.html

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Posted in Software News

Tags: computer Fake Software

Absolute Software Announces Support for Mac OS X Lion

July 27th, 2011

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VANCOUVER, July 27, 2011 /PRNewswire via COMTEX/ — Absolute Manage 5.4.2 to Support Mac OS X Lion & Apple Open Directory

Absolute® Software Corporation (“Absolute” or the “Company”) /quotes/zigman/14654 CA:ABT +8.90% , the leading provider of firmware-based endpoint security and management solutions that reduce IT costs, prove regulatory compliance, respond to computer theft, and optimize productivity, today announced the general availability of Absolute Manage 5.4.2.

“Absolute Manage is truly cross-platform and provides endpoint management capabilities for PC, Mac®, and iOS devices,” said John Livingston, Chairman and Chief Executive Officer at Absolute Software. “Our customers expect us to keep pace with the market and we do, ensuring our solutions support the most current operating systems and form factors on the market today.”

Absolute Manage allows organizations to efficiently manage all their assets by automating time-consuming IT processes such as software distribution, patch management, asset inventory and imaging. Additionally, it helps organizations save money by allowing them to track installed applications and licenses, redeploy under-used licenses and hardware to optimize inventory, and avoid non-compliance fines.

With Absolute Manage 5.4.2, Absolute customers can upgrade to Apple’s newest operating system without any interruption to the endpoint management processes they depend on to effectively manage their cross-platform deployments. In addition, Apple Open Directory integration means organizations can now better manage users’ access to resources used on iOS 4 devices.

About Absolute Software

Absolute Software Corporation /quotes/zigman/14654 CA:ABT +8.90% is the leader in tracking, managing, and protecting computers and mobile devices. The Company’s Computrace, Absolute Manage and LoJack for Laptops solutions provide theft recovery, data protection and computer lifecycle management capabilities to organizations and consumers. The Company’s software agent is embedded in the firmware of computers by global leaders, including Acer, ASUS, Dell, Fujitsu, General Dynamics Itronix, HP, Lenovo, Motion, Panasonic and Toshiba, and the Company has reselling partnerships with these OEMs and others, including Apple. For more information about Absolute Software, visit www.absolute.com and http://blog.absolute.com .

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the expected performance, functionality and availability of our services and products, and other expectations, intentions and plans contained in this press release that are not historical fact. When used in this press release, the words “plan,” “expect,” “believe,” and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and general market conditions. In light of the many risks and uncertainties you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.

Source:http://www.marketwatch.com/story/absolute-software-announces-support-for-mac-os-x-lion-2011-07-27-8000?reflink=MW_news_stmp