Sunday May 28, 2017 04:09

SANTA CLARA Press Releases

Porsche Digital, Inc. opens location in Silicon Valley Automotive—19 May 17

Porsche is taking the next step in its digitalization campaign: By opening a new site in Santa Clara, in California's Silicon Valley, Porsche Digital, Inc. is beginning its activities in one of the world's most important centres of innovation and digital

GlobalLogic Holdings Inc. New Debt Assigned #B# Corporate Credit Rating Unchanged On Planned Refinance Stcoks—30 Nov 16

SAN FRANCISCO--30 Nov--S&P Global Ratings

SAN FRANCISCO (S&P Global Ratings) Nov. 29, 2016--S&P Global Ratings assigned its 'B' issue-level rating and '3' recovery rating to Santa Clara, Calif.-based GlobalLogic Holdings Inc.'s $300 million first-lien term loan and $50 million revolving credit facility. The '3' recovery rating indicates our expectation of meaningful (50%-70%, lower half of the range) recovery for first-lien debt holders in the event of default.

The 'B' corporate credit rating on GlobalLogic is unchanged after the refinancing of its existing $160 million first-lien term loan and repayment of a portion of the senior unsecured payment-in-kind shareholder notes, as the total debt outstanding will remain constant. The company has also increased its borrowing limit under the new revolving credit facility, which is now $50 million instead of $25 million.

RECOVERY ANALYSIS
Key analytical factors

Our simulated default scenario assumes a default occurring in 2019 due to heightened competition from new entrants into the outsourced product development segment and the loss of contracts as technology firms redirect their research and development budgets toward projects outside the company's scope.

We have valued the company as a going concern using a 5.5x multiple and our estimated emer

Various California Power Agency Rating Outlooks Revised To Negative After Similar Action On Santa Stcoks—04 Nov 16

SAN FRANCISCO (S&P Global Ratings) Nov. 3, 2016--S&P Global Ratings took the following rating actions today following the recent revision of the outlook to negative from stable and affirmation of the 'A+' long-term rating and underlying rating

Santa Clara, CA Electric Revenue Bond Rating Outlook Revised To Negative On Thin Stcoks—27 Oct 16

SAN FRANCISCO (S&P Global Ratings) Oct. 26, 2016--S&P Global Ratings revised the outlook to negative from stable and affirmed its 'A+' long-term rating and underlying rating (SPUR) on Santa Clara, Calif.'s previously issued subordinated electric

Infoblox Inc. Parent Is Assigned #B-# Outlook Debt Ratings Assigned Stcoks—19 Oct 16

SAN FRANCISCO (S&P Global Ratings) Oct. 18, 2016--S&P Global Ratings assigned its 'B-' corporate credit rating to Delta Holdco LLC, the parent company of Santa Clara, Calif.-based Infoblox Inc. The outlook is stable. At the same time, we assigned

Santa Clara Valley Water District, CA Debt Ratings Lowered To #AA-# On Weaker Customer Credit Stcoks—21 Jan 16

Standard & Poor's Ratings Services lowered its long-term rating and underlying rating (SPUR) to 'AA-' from 'AA' on Santa Clara Valley Water District, Calif.'s water utility system revenue bonds and certificates of participation. The outlook is

Finesse Solutions Launches TruBio DV 5.0 Bioreactor Control Software with new User Interface and Heathcare—08 Jan 16

Finesse Solutions, Inc., Santa Clara, CA, a manufacturer of measurement and control solutions for life science process applications, announced the release of TruBio(R) DV version 5.0 control software for both bioreactors and mixers. TruBio 5.0 enhances

Applied Materials Receives Order for Two Transmission-Class Superconducting Fault Current Energy—08 Jun 15

Glow Energy Public Company Limited (Glow), a leading independent power producer (IPP) in Thailand, has placed an order with Applied Materials for two superconducting fault current limiters (SCFCL). Glow intends to commission the SCFCLs in its utility

Santa Clara Unified School District, CA#s GO Bonds Assigned #AA# Rating Stcoks—21 Apr 15

SAN FRANCISCO (Standard & Poor's) April 20, 2015--Standard & Poor's RatingsServices assigned its 'AA' long-term rating to Santa Clara Unified SchoolDistrict, Calif.'s election of 2014, series 2015 general obligation (GO) bondsand 2015 GO

Oak Grove Elementary School District, CA GO Rating Affirmed At #AA-#; Removed From Stcoks—13 Nov 14

SAN FRANCISCO (Standard & Poor's) Nov. 12, 2014--Standard & Poor's RatingsServices affirmed its 'AA-' long-term rating and underlying rating (SPUR) onOak Grove Elementary School District (Santa Clara County), Calif.'s generalobligation (GO) bonds

Oak Grove Elementary School District (Santa Clara County), CA GO Rating On Watch Negative On Lack Stcoks—30 Oct 14

SAN FRANCISCO (Standard & Poor's) Oct. 29, 2014--Standard & Poor's RatingsServices placed its 'AA-' long-term rating and underlying rating (SPUR) on OakGrove Elementary School District (Santa Clara County), Calif.'s generalobligation bonds on

McAfee Completes Tender Offer of Stonesoft, Makes Next Generation Firewall Immediately General—08 Jul 13

SANTA CLARA, Calif.--(BUSINESS WIRE)--Jul. 08, 2013 Reaches Major Milestone in Stonesoft Acquisition that Enhances Network Security Portfolio McAfee today reached a major milestone in its acquisition of Stonesoft Oyj by completing the tender offer that

AsiaNet Daily Summary - Press Releases for Wednesday, November 16, General—16 Nov 11

SANTA CLARA, Calif. and YOKOHAMA, Japan: Marvell today announced the products and partners it will feature at Embedded Technology 2011. Front and center in the showcase are Marvell(R) ITU-T G.hn integrated silicon solutions and an address on the topic

Palo Alto Networks Named a 2011 CRN Emerging Technology Vendor Telecom—17 Oct 11

Innovative Technology and Consistent Channel Focus Lands Palo Alto Networks on Annual List SANTA CLARA, Calif., 17 October , 2011 - Palo Alto Networks, the network security company, today announced it has been selected by Everything Channel as a 2011 CRN

AsiaNet Daily Summary - Press Releases for Tuesday, March 29, 2011 General—29 Mar 11

SYDNEY--29 Mar--AsiaNet/InfoQuest SMARTPHONE SOFTWARE... SANTA CLARA, Calif: Synaptics Incorporated (Nasdaq: SYNA), a leading developer of human interface solutions for mobile computing, communications, and entertainment devices today announced that

AsiaNet Daily Summary - Press Releases for Wednesday July 7, 2010 General—07 Jul 10

TELAIRITY'S TECHNOLOGY... SANTA CLARA, U.S.: Telairity's superior H.264 encoding technology is the "secret ingredient" that has enabled nearly a billion people globally to view the 2010 World Cup. http://bit.ly/aqEgRT CORENET CONFERENCE... SYDNEY:

Sunfilm and Applied Materials Achieve Solar Industry Milestone with Certification of World's First General—21 Apr 09

SANTA CLARA, Calif. & GROSSROEHRSDORF, Germany--(BUSINESS WIRE)--Apr. 20, 2009 Sunfilm, AG and Applied Materials, Inc., today announced that the world’s first tandem junction SunFab Thin Film Line installed at Sunfilm's Grossroehrsdorf facility

Evergreen Elem Sch Dist (Santa Clara Cnty), CA's GO SPUR Raised To 'AA' On Improved Available Stcoks—03 Feb 09

Standard & Poor's Ratings Services raised its underlying rating (SPUR) to 'AA' from 'AA-' on Evergreen Elementary School District, Calif.'s outstanding general obligation (GO) debt. Standard & Poor's also assigned its 'AA' long-term rating to the

Suan Sunandha Rajabhat University Selects Foundry for Edge-to-Core Networking to Upgrade for IT—12 Feb 08

SANTA CLARA, Calif. and BANGKOK, Thailand,--(PRIME NEWSWIRE)--Feb. 12, 2008 SSRU Branches Out From Traditional Classroom Instruction by Adding E-learning and Online Instruction and Education With Help From Foundry's Networking Solutions, Service and Su

Xceive and Trident Microsystems Partner to Deliver Copy-Ready Flat Panel TV Reference Design IT—05 Jun 07

SANTA CLARA, Calif. & TAIWAN--(BUSINESS WIRE)--Jun. 05, 2007 Single Board "Aspen" Flat Panel TV Reference Design Enables Mutual Customers to Massively Reduce Development Time for Quality Orientated TV Products Xceive Corporation, the market leader in

Xceive Debuts the World's Smallest High Definition LCD TV Copy Ready IT—05 Jun 07

SANTA CLARA, Calif. & TAIPEI, Taiwan--(BUSINESS WIRE)--Jun. 05, 2007 7-Inch High Definition TV 'Breckenridge' Reference Design Breaks Through Performance, Size and Standards with Xceive's XC5000 Tuner Xceive Corporation, the market leader in hybrid si

AsiaNet Daily Summary - Press Releases for Thursday 17 May 2007 General—17 May 07

CANNES: The house of Louis Vuitton has participated in Wong Kar-Wai's new film which was presented at the opening of the 60th Cannes Festival. MARVELL SELECTED... SANTA CLARA, Calif.: Marvell, the leader in storage, communications, and consumer silicon so

Hitachi Data Systems Unveils Strong New Suite of Storage Solutions for Customers in Medium-Sized General—26 Dec 06

Hitachi Enables Medium-Sized Companies to Better Manage Growth, Back-up and Recovery, and Compliance with Enterprise-Class Functionality at a Mid-Market Price SANTA CLARA, Calif. – December 26, 2006 – Hitachi Data Systems Corporation, provider

Hitachi Heats Up the High-Performance Computing Market Forging Worldwide OEM Agreement with General—21 Dec 06

SANTA CLARA, Calif., December 21, 2006 — Hitachi Data Systems Corporation, a wholly owned subsidiary of Hitachi, Ltd. (NYSE: HIT), today announced major moves that will enable its rapid expansion into the global high-performance computing (HPC) storage ma

AsiaNet Daily Summary - Press Releases for Wednesday, October 18, 2006 General—18 Oct 06

SANTA CLARA: AKT, an Applied Materials company has announced a new suite of flat panel display systems for manufacturing large size LCD* TV screens on the world first Gen 8.5 (2.2m x 2.5m) glass substrates. http://www.appliedmaterials.com GFI PARTNERS...

AsiaNet Daily Summary - Press Releases for Monday, May 8, 2006 General—08 May 06

SANTA CLARA, Calif. - Quellan, Inc. a leading supplier of Analog semiconductors announced that Mr. Steffen Hahn has joined the company as Vice President of Engineering. http://www.quellan.com FANNIE MAE... WASHINGTON, D.C. - Fannie Mae will redeem the pri

AsiaNet Daily Summary - Press Releases for Friday December 30 General—30 Dec 05

NEW CHIP... SANTA CLARA, Calif. - Mobilygen Inc., a leading provider of low-power H.264 codec ICs for mobile devices, announced today that its MG1264 chip supports real-time, high-quality H.264/ACC video capture compatible with the video iPod(TM). http://