| Published April 15, 2003 |
Volume 11, Number 4 |
Optillion, a leader in fiber-optic transceiver technology, has received
ISO 9001:2000 certification for sales, manufacturing and development of
fiber-optical transceivers and subsystems, essentially covering Optillion'
entire business operation. Bureau Veritas Quality International (BVQI),
an internationally recognized certification organization, confirmed certification
after an extensive audit. "Optillion has been shipping fiber optic 10 Gb/s
Ethernet transceivers since December 2001. The addition of a ISO certificate
provides assurance that Optillion's customers' expectation of supplier
quality will be met", said Patrik Evaldsson, CEO and president.
Stockholders of ProBusiness Services, Inc. approved the merger of ProBusiness
with a wholly owned subsidiary of Automatic Data Processing, Inc. Approximately
70% of the total outstanding shares, or over 95% of the votes cast at the
special meeting, were voted in favor of the merger. The transaction is
subject to customary closing conditions, including expiration or termination
of the waiting period under the Hart-Scott-Rodino Antitrust Improvements
Act of 1976.
Cisco Systems is acquiring the The Linksys Group. Linksys is the leading
provider of home networking products with a broad line of wired and wireless
products for consumers and SOHO (small office/home office) users. This
acquisition represents Cisco's entry into the high-growth consumer/SOHO
networking market, which is expected to grow from $3.7 billion in 2002
to $7.5 billion in 2006 worldwide (sources: compiled from Dell'Oro Group,
Synergy). The acquisition is expected to close in the fourth quarter of
Cisco's fiscal year 2003.
Countrywide Financial Corporation, a member of the S&P 500, has been
recognized by both Fortune and Forbes in their annual corporate rankings
as one of the nation's top performing companies in 2002. Forbes ranked
Countrywide number 110 in its listing, up from the previous year's ranking
of 183. Countrywide was ranked number 209 in the most recent Fortune 500
ranking, up sharply from its 345 spot on last year's list. In addition
to these rankings, Fortune listed Countrywide 15th in percentage of annual
revenue growth for the past five years.
U.S. Bancorp, parent company of U.S. Bank, ranked 26th among companies
evaluated in the seventh annual BusinessWeek 50 listing of top performers
on the Standard & Poor's 500-stock index, and earned a third
place showing among 29 banks listed. U.S. Bancorp earned an A in five of
the eight key criteria of financial success: one-year total return, sales
growth over the past three years, one-year profit growth, three-year profit
growth and net margin.
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