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Micron's Name Emerges in Cisco Memory Flap
2014-02-14 10:29:46| Semiconductors - Topix.net
Cisco Systems on Wednesday announced a $655 million charge to compensate customers for selling them networking hardware whose memory chips may fail under certain circumstances.
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cisco
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Grace Emerges from Chapter 11
2014-02-03 23:51:00| W.R. Grace & Co.
COLUMBIA, Md.--(BUSINESS WIRE)--W. R. Grace & Co. (NYSE: GRA) announced that its Joint Plan of Reorganization became effective today, marking the companys emergence from Chapter 11. The Joint Plan establishes two independent trusts to compensate asbestos personal injury claimants and property owners. The trusts will be funded with more than $4 billion from a variety of sources including cash, warrants to purchase Grace common stock, deferred payment obligations, insurance proceeds, and payments from former affiliates. All allowed claims of non-asbestos creditors will be paid in full. On April 2, 2001, Grace voluntarily filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code in order to resolve its asbestos-related liabilities. About Grace Grace is a leading global supplier of catalysts; engineered and packaging materials; and, specialty construction chemicals and building materials. The companys three industry-leading business segmentsGrace Catalysts Technologies, Grace Materials Technologies and Grace Construction Productsprovide innovative products, technologies and services that enhance the quality of life. Grace employs approximately 6,500 people in over 40 countries and had 2012 net sales of $3.2 billion. More information about Grace is available at www.grace.com. This announcement contains forward-looking statements, that is, information related to future, not past, events. Such statements generally include the words believes, plans, intends, targets, will, expects, suggests, anticipates, outlook, continues or similar expressions. Forward-looking statements include, without limitation, all statements regarding Graces Chapter 11 case; expected financial positions; results of operations; cash flows; financing plans; business strategy; budgets; capital and other expenditures; competitive positions; growth opportunities for existing products; benefits from new technology and cost reduction initiatives, plans and objectives; and markets for securities. For these statements, Grace claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Like other businesses, Grace is subject to risks and uncertainties that could cause its actual results to differ materially from its projections or that could cause other forward-looking statements to prove incorrect. Factors that could cause actual results to materially differ from those contained in the forward-looking statements include, without limitation: developments affecting Graces bankruptcy, propose plan of reorganization and settlements with certain creditors, the cost and availability of raw materials (including rare earth) and energy, developments affecting Graces underfunded and unfunded pension obligations, risks related to foreign operations, especially in emerging region, acquisitions and divestitures of assets and gains and losses from dispositions or impairments, the effectiveness of its research and development and growth investments, its legal and environmental proceedings, costs of compliance with environmental regulation and those factors set forth in Graces most recent Annual Report on Form 10-K, quarterly report on Form 10-Q and current reports on Form 8-K, which have been filed with the Securities and Exchange Commission and are readily available on the Internet at www.sec.gov. Reported results should not be considered as an indication of future performance. Readers are cautioned not to place undue reliance on Graces projections and forward-looking statements, which speak only as the date thereof. Grace undertakes no obligation to publicly release any revision to the projections and forward-looking statements contained in this announcement, or to update them to reflect events or circumstances occurring after the date of this announcement.
AMDs Mantle finally emerges: Turns out its actually for boosting low-end CPUs, not GPUs
2014-01-30 06:43:47| Extremetech
AMD's Mantle will officially launch in the next few days and the company has shared early performance figures with ExtremeTech ahead of public driver availability. So after all the sizzle, how much steak does Mantle offer?
Argentina emerges from heat wave
2014-01-04 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Herald Tribune: With the drop in temperatures, the Argentine capital began to leave behind the countrys worst heat wave in 107 years and to normalize its electricity service after an energy crisis marked by blackouts and mutual recriminations between the government and the utility companies. Hardest hit was Argentinas north, where the thermometer reached 50 C (122 F) and eight deaths were blamed on the heat wave. The National Weather Service predicted a maximum temperature of 33 C (91 F) for Wednesday in...
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Second Fisker bidder emerges
2014-01-01 16:25:46| Automakers - Topix.net
The planned fast-track sale of Fisker Automotive's assets hit a speed bump this week, as a second company with ties to the embattled plug-in hybrid manufacturer made its own pitch to buy the assets and move manufacturing eventually to Michigan.
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