New cores support BCH decoding, BCH encoding,
scrambling, and descrambling.1 release expands on the
number of possible
solutions by graphically enabling users to insert pipeline stages on
critical
paths. "In
addition to much higher throughput, LeCroy's ATA also allows for much
longer acquisition
memories and signal analysis algorithms that rival
capabilities found only in real-time oscilloscopes
until now," said
President and Chief Executive Officer Tom Reslewic. Gulf of Mexico 59,141
30,199 109,362 57,219
Latin America Land 121,857 94,858 233
,729 183,818
E + P Services 50,429 33,064 101,063 67,288
Corporate and Other 32 8,446 425 9,785
Total
$ 477,352 $ 424,028 $ 943,513 $ 827,703
Earnings (loss)
from operations:
Eastern Hemisphere $ 31,918 $ 40,522 $ 71,890 $ 78,735
Western Hemisphere
7,904 30,568 25,192 52,588
U.1 $(14.3
Executive severance
--- 10.7
Earnings from operations excluding gain and
loss on sale of assets and
executive severance charges is a "non-GAAP financial measure. Warren
Steven D.
algorithmic verifications
Typical applications for the QR approach include
adaptive recursive filtering
, channel estimation and equalization,
beam-forming, and image encoding algorithms. "By
allowing
designers to create their own algorithms in MATLAB, explore
various implementations using AccelWare
, and then incorporate the
blocks seamlessly into the rest of the system, this new flow
dramatically
reduces our design time.
Pricing and Availability
Version 2005.accelchip.
Business
Editors/High-Tech Editors
CHESTNUT RIDGE, N.
"For the past two years, LeCroy has been working
on a combination
of technologies designed to help oscilloscope customers get ahead of
the power
curve," said Reslewic. Company information is available at
http://www." In addition, the conference
call will be broadcast live, on a listen-only basis, over the Internet and can
be accessed in
the Investor Relations section of the Company's corporate web
site at http://www.prideinternational
.enumerations computational
1 Provides Direct Path to Xilinx System Generator
As the result of joint development with Xilinx
, AccelChip DSP
Synthesis 2005. All other trade names referenced are the service marks,
trademarks
, or registered trademarks of their respective companies. Actual performance may
differ materially
from those projected or suggested in the
forward-looking statements due to certain risks and uncertainties
,
including, without limitation, competitive pricing pressure, the
Company's ability to introduce
its products on time and the Company's
ability to use intellectual property and protect its intellectual
property, including its patent portfolio.9 million ($. The severance charges relate to several executive
management changes, including the Company's Chief Executive Officer, as
previously announced.
The debt reduction
includes the conversion to equity of the Company's $300 million 2. central time
on
Friday, July 29, 2005 to further discuss results for the quarter, recent
events and management
's operational outlook.04) --- (0.verifications algorithm
)
AccelWare DSP IP cores produce the industry's only
fixed-point,
hardware implementations of matrix inversion and matrix factorization.
Building upon
its recent release of QR factorization and inversion
cores, AccelChip has added Cholesky matrix factorization
and matrix
inversion to its IP products. The synthesis engine will then balance the data paths
to
ensure correct behavior. For more information on AccelChip DSP Synthesis and AccelWare
IP, please
email sales@accelchip.com
About the Company
AccelChip Inc. Excluding
net gains and
losses on asset sales in both quarters, operating income of
$34.9 million increased $8. As a result
of
these factors, actual results may differ materially from those indicated or
implied by such
forward-looking statements.06 $ 0.9 $17.verifications conjectures
New AccelWare cores extend the company's leadership
position
in cores that directly implement matrix operations for
wireless communications, signal processing
, and other forward-error
correction applications."
"Using DBI technology, LeCroy plans to launch
an even higher
performance version of the SDA within 12 months," said Reslewic. All such forward
-looking statements are only estimates
of future results, and there can be no assurance that actual
results
will not materially differ from expectations.01 per diluted share) on
revenues of $477
. For the six-month period ended June 30, 2005, Pride reported
net earnings and income from continuing
operations of $18. The Company received proceeds and
deposits from these sales during the second
quarter totaling approximately
$48 million.S.
CONDENSED CONSOLIDATED BALANCE
SHEET
(In thousands)
June 30, December 31,
2005 2004
(unaudited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents
$33,929 $37,100
Restricted cash 9,848
9,917
Trade receivables, net 397,434 329,309
Parts and supplies, net 72,006 66,692
Other current assets
109,323 116,533
Total current assets
622,540 559,551
PROPERTY AND EQUIPMENT, net 3,182,034
3,281,848
OTHER ASSETS
Investments in and advances to affiliates 58,732
46,908
Goodwill 68,450 68,450
Other
assets 91,724 81,567
Total other assets
218,906 196,925
$4,023,480 $4,038,324
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable $191,194 $162,602
Accrued expenses
234,059 214,843
Debt due within one year
54,828 48,481
Total current liabilities 480,081
425,926
OTHER LONG-TERM LIABILITIES 49,137 35,796
LONG
-TERM DEBT 1,206,221 1,686,251
DEFERRED INCOME TAXES
77,627 60,984
MINORITY INTEREST
121,944 113,305
STOCKHOLDERS' EQUITY 2,088,470 1
,716,062
$4,023,480 $4,038,324
PRIDE INTERNATIONAL, INC.oliveira primality
"The combination of AccelChip and AccelWare together
with System
Generator allows us to rapidly build a prototype system that spans
multiple FPGAs
.2 $5.lll idle
1 version of the
AccelChip DSP Synthesis tool integrates the industry-leading,
algorithmic
synthesis environment based on MATLAB with Xilinx (NASDAQ:
XLNX) System Generator, the industry-leading
synthesis product based
on Simulink. is the industry's only provider of MATLAB-based
algorithmic
synthesis solutions, including DSP intellectual property
(IP), for embedded DSP design.2 million
,
executive severance charges of $8.
The Latin America Land segment's operating income of
$13.3 million, or 23%, from the first quarter of 2005, reflecting continued
strong market conditions
and the completion of lower-margin projects.12 $ 0.
RESULTS BY OPERATING
SEGMENT
(in thousands)
(unaudited
)
Three Months Ended Six Months Ended
June 30, June 30,
2005
2004 2005 2004
Revenues:
Eastern Hemisphere $ 141,082
$ 140,788 $ 284,954 $ 283,759
Western Hemisphere 104,811 116,673 213,980
225,834
U.2) $(25.factoring kallen
At 100GHz bandwidth, the WaveExpert 9000 is the world's highest
bandwidth
digital oscilloscope. LeCroy currently is distributing
WaveExpert 9000 demonstration units to its
sales force and expects
customer shipments to begin during the second quarter of calendar
2005
."
"Armed with our new ATA and DBI technologies, we can now bring
useful ultra-high bandwidth measurement
tools directly to bear on the
problems of today's serial data system designers," concluded Reslewic
.8 million related to the
early retirement of debt.26 billion. Average daily revenues per jackup
during
the second quarter of 2005 increased to $43,400, up from $38,200 during the
first quarter
of 2005 and $30,000 during the second quarter of 2004.
Operating income for the Western Hemisphere
segment of $7.
Louis A.12 $ (0.02)
SHARES USED IN PER
SHARE CALCULATIONS
Basic 153,990 135,681 146,076 135,611
Diluted
156,617 137,435 148,800 137,782
PRIDE
INTERNATIONAL, INC.3 $7." Management
provides it as a supplemental disclosure because management
believes that it
provides investors useful information in evaluating the performance of the
underlying
operations.
primes motivated
com
AccelChip, AccelWare, and AccelView are registered trademarks of
AccelChip
Inc. All of
the Company's 10 jackups located in the U.1 million increased
$1., headquartered
in Houston, Texas, is one of the
world's largest drilling contractors.Algorithmic, or Computational
, Number Theory studies algorithms for performing number theoretic calculations such as highest common
factor, factorisation or testing for primality.
computational lll
Matrix factorization and inversion are
used with
algorithms utilizing linear algebra techniques, for example,
adaptive filters which are used in a
wide range of applications from
radar to global positioning systems. The company develops and markets
design
tools, integrated verification flows, and parametric IP toolkits that
combine to automate
the development and implementation of DSP
algorithms in FPGAs and ASICs. HOUSTON, Pride International
, Inc.5 million.9 million ($.09 per
diluted share) on revenues of $827. For the six month period
ended June 30, 2005, the Latin America Land segment's operating income of
$26. For the
six
months ended June 30, 2005, the E+P Services segment's operating income of
$12."
The Company
will host a conference call at 9:00 a.3 $7.6 --- --- --- ---
Earnings from
operations
(excluding executive
severance and gain on sale
of assets)
$29.primality oliveira
1 now provides the industry's first MATLAB/Simulink
design flow for implementation
of high performance DSP systems in
FPGAs.
Founded in 2000, AccelChip is located in Milpitas, California
, and has
design centers in Portland, Oregon, and Carlsbad, California.
----LeCroy
Corporation
(NASDAQ: LCRY), a leading supplier of oscilloscopes and
serial data test solutions, today announced
three new high-performance
digital oscilloscopes. LeCroy undertakes no
obligation to publicly
update forward-looking statements, whether
because of new information, future events or otherwise
.4 million. For the same period in 2004, Pride reported net
income of $3.5% senior
convertible
notes in March and April 2005.
Asset Sales
In the second quarter of 2005, the Company
agreed to sell two tender-
assisted rigs, the Piranha and Ile de Sein, and four idle land rigs for
total
proceeds of approximately $75 million. In
addition, the Company recorded pre-tax losses
on asset sales and executive
severance charges of $13.3 million.7% over the first quarter of 2005
, despite the operating factors
during the quarter.5 million, or 19%, from the
first quarter of
2005 due to the start up of three previously idle rigs and
increased dayrates, partially offset by
the planned shipyard survey and
maintenance of the ultra-deepwater drillship Pride Angola, the deepwater
semisubmersible Pride South Pacific, and the accommodation jack-up Pride
Rotterdam.
CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands, except per share
amounts)
(Unaudited)
Three Months Ended Six Months Ended
June 30,
June 30,
2005 2004 2005 2004
REVENUES $ 477,352 $ 424,028 $ 943,513 $ 827,703
OPERATING COSTS
, excluding
depreciation and amortization 330,560 277,200 653,828 550,890
DEPRECIATION
AND AMORTIZATION 64,539 66,449 129,681 132,395
GENERAL AND ADMINISTRATIVE,
excluding depreciation
and amortization 30,348 20,392 49,915
32,990
(GAIN) LOSS ON SALE
OF ASSETS, net 2,600 (243) (9
,103) (364)
EARNINGS FROM OPERATIONS 49,305 60,230 119,192 111,792
OTHER INCOME (EXPENSE)
Interest expense (22,357) (29,124) (47,354
) (58,933)
Interest income 305 780 654 1,087
Other income (expense), net 2,691 483 1,331 (944)
Total other expense
, net (19,361) (27,861) (45,369) (58,790)
INCOME FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES
AND MINORITY INTEREST 29,944 32,369 73,823 53
,002
INCOME TAX PROVISION 23,627 19,648 46,754 29,776
MINORITY
INTEREST 4,229 4,478 8,658 10,323
INCOME FROM CONTINUING OPERATIONS
2,088 8,243 18,411 12,903
LOSS ON DISCONTINUED OPERATIONS --- (5,267)
--- (15,827)
NET EARNINGS (LOSS) $ 2,088 $ 2,976 $ 18,411 $
(2,924)
EARNINGS (LOSS) PER SHARE
Basic
Income from continuing
operations $ 0.primality oliveira
1 release of
AccelWare(R) intellectual property (IP) toolkits
and AccelChip(R) DSP
Synthesis product. (For further information, see "Xilinx and AccelChip
Deliver
Industry's First Design Flow from MATLAB/Simulink and System
Generator to Verified FPGA System,"
dated March 8, 2005. Using the combination of application-specific cores with
AccelChip algorithmic
synthesis, our customers find they require
minimal modification to their MATLAB and obtain optimized
hardware
more quickly than with alternative methods.12 per
diluted share) on revenues of $943
. However, planned shipyard maintenance and
mobilization of eight major assets, as well as unplanned
downtime on two
deepwater rigs, negatively impacted operating income during the quarter.1 million
, or 95%, over the first quarter of 2005
due primarily to improved dayrates.10
Discontinued
operations --- (0.S. Gulf of Mexico 14,617 (2,097) 22,133 (6,624
)
Latin America Land 13,194 4,326 26,758 5,769
E + P Services
7,114 1,686 12,897 4,526
Corporate and Other (25,442
) (14,775) (39,678) (23,202)
Total $ 49,305 $ 60,230 $ 119
,192 $ 111,792
PRIDE INTERNATIONAL, INC.8
(Gain) loss on sale
of assets (0.6) --- (0.8
(Gain) loss on sale of assets
(11. Oldham
(713) 789-1400
oliveira factorisation
Business Editors/Technology
Writers
Embedded Systems Conference San Francisco 2005
SAN FRANCISCO----
-- New AccelWare
IP for Linear Algebra and Integration of MATLAB-
and Simulink-based Synthesis Accelerate DSP Design
--
AccelChip Inc. "The SDA 11000 will employ our new
Digital Bandwidth Interleave (DBI) technology
, which makes it possible
to extend the bandwidth of a given silicon platform by up to a factor
of
four times.lecroy.com
LeCroy Safe Harbor
This release contains forward-looking statements
, including those
relating to the development, introduction, performance, adoption,
distribution
and sale of LeCroy's WaveExpert 9000, SDA11000 and SDA20K
oscilloscopes. Further
information on
potential factors that could affect LeCroy
Corporation's business is described in the Company's reports
on file
with the SEC, including its Annual Report on Form 10-K, filed with the
Securities and
Exchange Commission on September 7, 2004 and subsequent
filings, which can be viewed at the SEC's
website at
http://www.1 million ($.4 million ($. Gulf of Mexico are operating
under contract,
as the Company activated its remaining two jackups during the
quarter.2 million was
flat sequentially
, as strong demand continued throughout the region, and
activity in Argentina maintained record levels
. However,
the results are not nearly as dramatic as market conditions suggest, due
primarily
to significant planned shipyard time for several of our major assets
which continued into the second
quarter.0 $31.6
Latin America E+P Corporate
and
Land Services Other
1st 2nd 1st 2nd 1st 2nd
Qtr
Qtr Qtr Qtr Qtr Qtr
2005 2005 2005 2005
2005 2005
Earnings (loss) from
operations $13.oliveira primality
AccelChip's
proven solution integrates
the domain-specific DSP design environment (MATLAB) with
industry-standard
hardware design flows from Aldec, Altera, Cadence,
Mentor Graphics, Synplicity, Synopsys, The MathWorks
, and Xilinx.
In addition, LeCroy also today announced the launch of the
SDA11000, an 11GHz bandwidth
version of its highly popular Serial Data
Analyzer product line. The Company will begin distributing
SDA 11000
demonstration units by the middle of April to its sales force.2 million ($.m.
These
forward-looking statements are subject to certain risks, uncertainties
and assumptions identified
above or as disclosed from time to time in the
Company's filings with the Securities and Exchange
Commission.01 $ 0.
RECONCILIATION OF EARNINGS (LOSS) FROM OPERATIONS
TO EARNINGS FROM OPERATIONS (EXCLUDING
EXECUTIVE SEVERANCE AND (GAIN) LOSS
ON SALE OF ASSETS)
For the three-month periods ended June 30, 2005 and March 31, 2005
(In millions)
(unaudited)
Eastern Western U.0) 2.2 $62. This measure is
not a substitute for the measures of
earnings from operations and net earnings as calculated under
generally
accepted accounting principles.kallen verifications
The 2005.Y.02 per diluted share) and income from continuing
operations of $8.
In the U.S.02)
Diluted
Income from continuing
operations $ 0.04) --- (0.02 $ 0.8 $7.9 $49.
Contact: Robert E.divisibility skiena
This release also features additional
micro-architecture configurations
for the existing AccelWare FFT,
IFFT, and filters cores.1 of AccelChip DSP Synthesis and AccelWare
IP
Toolkits is now shipping. By optimizing the critical digitizing
rate/bandwidth ratio, the SDA20K
will allow design engineers to
realize the true performance capabilities of high-bandwidth serial
data analysis technology.
LeCroy's 40-year heritage of technical innovation is the foundation
for its recognized leadership in "WaveShape Analysis" - capturing,
viewing and measuring the high
-speed signals that drive today's
information and communications technologies. LeCroy is headquartered
in Chestnut Ridge, New York.0 million ($.7 million.11. In July 2005, the Company received additional
proceeds of
approximately $25 million related to these transactions.0 million in the first quarter
. The conference leader will be Louis Raspino, President and Chief
Executive Officer, and the password
is "PRIDE.13 $ 0.5 $17.6 $13.theoretic oliveira
"Virtually every DSP design we see can take
advantage of cores
to accelerate their development. Our AccelWare
toolkits include more than 50 AccelWare IP cores with
over 110 unique
micro-architectures that are parameterized, reusable, and
retargetable. QR provides
a general factorization method for square and rectangular matrices
without any symmetry restrictions
. This new instrument employs several
unique technologies, including LeCroy's proprietary Accelerated
Throughput Architecture (ATA) that delivers signal acquisition speeds
more than 100 times faster
than conventional sampling scopes.
The WaveExpert 9000 also is available in a dedicated version
called
the SDA100G, which is designed to meet the specific needs of
serial data system designers. The Company
offers high-performance oscilloscopes, serial
data analyzers and global communications protocol test
solutions used
by design engineers in the computer and semiconductor, data storage
device, automotive
and industrial, and military and aerospace markets. The
items included, net of tax, a loss on sale
of assets of $8. The Company has completed the sale of
the two tender-assisted rigs and expects
to close on the sale of the land rigs
by the end of the third quarter of 2005.9 million compared
with $40. We have now reached the end of a
three-quarter period of planned maintenance on many our
largest assets, and we
are looking forward to significant improvement in operating results in the
second half of the year.
Pride International, Inc.01 $ 0.06 $ 0.13 $ (0.primality integers
Additionally
, the 2005. Our DSP algorithm was already implemented in MATLAB,
and without this, we would have to
handcraft black boxes in either
VHDL or Verilog for blocks not currently available with System
Generator
," said Dale Kluesing, CTO of Photron Technologies.01 $ 0.0 $13.algorithm conjectures
The 2005.1 release also features
new and enhanced cores that are
fundamental to the development of Software Defined Radio (SDR),
Digital
Video Broadcasting, and other wireless communication
applications.
"IP is an absolute requirement
for algorithm development and
implementation in DSP," said Michael Bohm, CTO and vice president of
Engineering, AccelChip. While more processing-intensive
than Cholesky factorization, this method
achieves more accurate
numerical precision. Typical applications for the Cholesky approach include
parameter estimation and speech coding algorithms. While traditional RTL synthesis tools have allowed
area and
frequency tradeoffs, AccelChip DSP Synthesis enables system-level
tradeoffs, such as
sample rate, latency, error, power, area and
frequency. Current AccelChip customers on support will
receive the new release at no additional fee.
(NYSE: PDE) reported net earnings and income from
continuing operations for
the second quarter of 2005 of $2.0 million.
Results for the second
quarter of 2005 were affected by items totaling
$17.5 million in the second quarter increased $5
.
A replay of the conference call, as well as an update of the contract
status of the Company
's rig fleet and historical financial statements will be
available on the Company's web site.9
$7.4)
Executive severance --- --- 10.factorisation cpu
"
Synthesis
Extends Design Space Exploration
A great asset of architectural synthesis is the ability to rapidly
generate multiple hardware implementations of a design from an
algorithm.Pride International Reports
Second Quarter Results
Gulf of Mexico segment, operating income for the quarter of
$14.8 million
increased $21.
In the E+P Services segment, operating income of $7.S.6
Executive severance
--- --- --- --- --- ---
(Gain) loss on sale
of assets
(11.7 $7.cpu factorisation
AccelChip Inc. Extends Leadership in Algorithmic Synthesis with New IP
"
QR and Cholesky Matrix Factorization and Inversion
Being able to select from among multiple
micro-architectures for
blocks like matrix inversion and factorization is important in
achieving
an optimum solution for a specific application. In addition, direct memory mapping of
two-dimensional
MATLAB arrays is now supported for target
architectures that have dual port or single port RAMs and
ROMs. Planned as part of a long-term strategy to
increase LeCroy's offerings at the highest end of
the oscilloscope
market, the new products feature two new proprietary technologies that
create
a comprehensive platform for capturing and analyzing ultra-fast
digital signals. "The
SDA20K will
digitize at 80 giga-samples-per-second, and will offer a
bandwidth of 20GHz.gov
06 per
diluted share) on revenues of
$424. For the corresponding six-month
period in 2004, Pride reported
a net loss of $2.4 million, resulting in consolidated operating income
of $49.S.6 million improved
$7. The Company provides onshore and
offshore drilling and related services in more than 30 countries
, operating a
diverse fleet of 288 rigs, including two ultra-deepwater drillships, 12
semisubmersible
rigs, 29 jackup rigs, and 18 tender-assisted, barge and
platform rigs, as well as 227 land rigs.
11)
Net earnings (loss) $ 0.5 $14.3) $(14.6
Earnings from operations (excluding
executive
severance and gain on sale of assets) $58.lll motivated
, a leading provider of embedded
DSP technology for
accelerating design, today announced its 2005. These new offerings are added to
AccelChip's
existing AccelWare toolkits--Building Block, Advanced Math,
Communications, and Signal
Processing.1 million, net of tax, which reduced earnings per share by $.
Debt Reduction
As of June 30, 2005 total debt outstanding, including debt due within one
year, was approximately
$1.0 million, or 364%, over the year-ago period. Raspino, President and Chief Executive Officer, commented
, "We
are pleased with the improvement in results over the first quarter.01 $ 0.09
Discontinued operations --- (0. Gulf of
Hemisphere
Hemisphere Mexico
1st 2nd 1st 2nd 1st
2nd
Qtr Qtr Qtr Qtr Qtr Qtr
2005 2005 2005 2005 2005 2005
Earnings (loss) from
operations $40.0 $34.6)
Total
1st Qtr 2nd Qtr
2005 2005
Earnings (loss) from
operations $69.skiena integers
About LeCroy
LeCroy Corporation is a worldwide leader
in serial data test
solutions, creating advanced instruments that drive product innovation
by
quickly measuring, analyzing and verifying complex electronic
signals. Excluding losses on asset
sales and executive severance
charges, consolidated operating income of $62.7 million in the second
quarter
increased 7.
For the Eastern Hemisphere segment, operating income in the second quarter
was $31.1) ---
Earnings from operations
(excluding executive
severance
and gain on sale
of assets) $13.7) 2.msri idle
2005. The new interface automatically
generates a verified System
Generator IP block from a floating-point MATLAB model, supporting both
cycle-accurate Simulink simulation and RTL generation within the
System Generator environment
. The System Generator
Interface is a new option to AccelChip DSP Synthesis and starts at
$1000
.LeCroy Announces Three High Bandwidth Oscilloscopes; Operating at Speeds of 11GHz to 100GHz New Products
Include World's Highest Bandwidth Digital Oscilloscop
sec.1 million, and $0. The Company reduced debt
during the
second quarter of 2005 by approximately $390 million and by approximately
$474 million
during the six months ended June 30, 2005.
Operations
Worldwide demand remained strong
for the Company's drilling rigs during
the second quarter of 2005.com .
PRIDE INTERNATIONAL, INC.12)
Net earnings (loss) $ 0.9 $7.1 $(14.algorithmic oliveira
In
contrast, Cholesky
factorization requires less processing and hardware resources than QR
because
it takes advantage of the symmetry properties of the input
matrix.
AccelChip's Web address is
www.02 per diluted
share) and income from continuing operations of $12.9 million
declined $9.4
million from the first quarter, primarily due to the planned
shipyard survey and maintenance of the
semisubmersible Pride South America and
approximately 55 days of combined unplanned downtime for
maintenance and
repairs for the semisubmersibles Pride Carlos Walter and Pride South Atlantic.4 million
, or 185%, over the corresponding six-
month period in 2004. Individuals who wish to
participate
in the conference call may do so by dialing toll free
(888) 283-3870 in the United States or (712
) 257-2124 outside of the United
States.
The information above includes forward-looking
statements within the
meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934
.02 $ 0.5 $14.1) --- (0.2 $5.lll primality
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