PROJ, Deltek, Inc.
** For the fourth quarter 2011, PROJ posted record product revenue of $28.9 million, up 12% compared to the same period the prior year, while its Non-GAAP operating income increased 46% year-over-year to $18.6 million.
For the full year 2011, PROJ posted revenue of $341 million, a 22% increase compared to the prior year.
PROJ is the leading global provider of enterprise software and information solutions for professional services firms and government contractors.
More about PROJ at www.deltek.com
INTC, Intel Corporation
** INTC and the New York Attorney General have agreed to terminate the lawsuit alleging violation of U.S. and state antitrust laws that was filed by the New York Attorney General in November 2009.
The agreement, which follows a December 2011 court ruling that greatly reduced the scope of the New York Attorney General?s lawsuit, expressly states that Intel does not admit either any violation of law or that the allegations in the complaint are true, and it calls for no changes to the way INTC does business.
The agreement includes a payment of $6.5 million from INTC that is intended only to cover some of the costs incurred by the New York Attorney General in the litigation.
INTC is a world leader in computing innovation. INTC designs and builds the essential technologies that serve as the foundation for the world?s computing devices.
More about INTC at www.intel.com
RBCN, Rubicon Technology Inc.
** RBCN reported that it has entered into a new contract with its largest customer for large-diameter sapphire wafers.
The amount of the contract is $20 million, and it represents a baseline level of shipments that will be made from June through December 2012.
RBCN is an advanced electronic materials provider that is engaged in developing, manufacturing and selling monocrystalline sapphire and other crystalline products for light-emitting diodes (LEDs), radio frequency integrated circuits (RFICs), blue laser diodes, optoelectronics and other optical applications.
More about RBCN at www.rubicon-es2.com.
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