OCZ Technology Obtains $30 Million Credit Facility With Hercules Technology Growth Capital

OCZ Technology Group, Inc. (OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced that it has entered into a $30 million loan and security agreement ("loan agreement") with Hercules Technology Growth Capital, Inc. ("Hercules"). This loan agreement consists of a $15 million term loan and a $15 million revolving loan facility. 

"Obtaining this new credit facility is the first step in providing OCZ with a complete capital structure going forward. This capital will be used to strengthen the business, fund future growth, and support emerging enterprise opportunities," said Ralph Schmitt, CEO of OCZ Technology. "I am pleased with the operational improvements our team is making as we continue building a profitable OCZ which is focused on designing innovative, best-in-class Solid State Storage solutions for our valued customers."

Cree Introduces The Biggest Thing Since the Light Bulb.™

Cree^® LED Bulb Breaks $10 Price Barrier and Works Better than a Light Bulb

Cree, Inc. (CREE) introduces a game-changing series of LED bulbs at a retail price point that gives consumers a reason to switch to LED lighting. The long-lasting Cree LED bulbs showcase Cree’s commitment to LED lighting innovation. The new bulbs shine as brightly as comparable incandescents while saving 84 percent of the energy compared to traditional bulbs. The Cree LED bulbs are backed by a 10-year limited warranty and available exclusively at The Home Depot^®.

Aruba Networks Reports Record Fiscal Second Quarter 2013 Financial Results

    Second Quarter Revenue Increased by 23 Percent Year-Over-Year and 8 Percent Quarter-Over-Quarter to a record $155.4 Million
    Strong Gross Margin and Leverage Lead to Record Operating Margin
    Generated $45.7 Million in Cash Flow from Operations and Increased Cash and Short Term Investments to $402.3 Million

Aruba Networks, Inc. (ARUN) today released financial results for its second quarter of fiscal year 2013 ended January 31, 2013.

Revenue for Q2’13 of $155.4 million grew 23 percent from the $126.3 million reported in Q2’12. GAAP net income for Q2’13 was $5.0 million, or $0.04 per share, compared with GAAP net loss of $11.4 million, or $0.11 per share, in Q2’12.

Pegasystems Announces Record Revenue for Fourth Quarter and Fiscal Year 2012

Record Q4 Propels Total 2012 License Revenue to Grow by 18% While Increasing License Backlog; FY 2012 GAAP EPS of $0.56 and Non-GAAP EPS of $1.09

Pegasystems Inc. ( NASDAQ : PEGA ), the leader in Business Process Management (BPM) and a leading provider of Customer Relationship Management (CRM) solutions, today announced financial results for the fourth quarter and year ended December 31, 2012. Revenue for the fourth quarter of 2012 increased 25% compared to the fourth quarter of 2011. Net income for the fourth quarter of 2012 was $20.4 million, or $0.53 per diluted share, compared to net loss of $1.9 million, or $(0.05) per diluted share, for the fourth quarter of 2011. Revenue for 2012 increased 11% to $461.7 million compared to 2011. Net income for 2012 was $21.9 million, or $0.56 per diluted share, compared to net income of $10.1 million, or $0.26 per diluted share for 2011.