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Mon
01
Nov
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Tyco Revenue Grows 13 Per Cent - US40.2 Billion For 2004

Included in EPS were net charges totaling $0.23 per share consisting of $0.11 per share for early retirement of debt, $0.05 per share from the restructuring program and $0.07 per share from divestitures.

Revenue grew 13 percent to $10.4 billion, with organic revenue growth of 7 percent in the quarter. Net income was $454 million, compared with a net loss of $297 million in the fourth quarter of 2003. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Cash flow from operating activities totaled $1.4 billion and the company had free cash flow of $1.4 billion in the quarter. Both were reduced by approximately $400 million due to voluntary pension contributions.

For the full year, the company had revenue of $40.2 billion, with organic revenue growth of 5 percent. Diluted GAAP EPS was $1.35 per share compared with $0.49 per share in 2003.

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Sun
31
Oct
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Whitehead Joins Diebold

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Whitehead has extensive experience in the surveillance industry. You can contact him on 0408 518 890 or at swhitehead@vangren.com.

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Sun
31
Oct
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New System Sees Crime On Audiotape

Investigators take high resolution images to produce a 3D computerized rendering of smudges for more intensive analysis.

The result is a real-time magnetic imaging system that enables criminal investigators to “see” signs of tampering in audiotapes—erasing, overdubbing and other alterations—while listening to the tapes has been developed by researchers at the National Institute of Standards and Technology (NIST).

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The new system, which permits faster screening and more accurate audiotape analysis than currently possible, was recently delivered to the Federal Bureau of Investigation (FBI) and will be evaluated for its possible routine use in criminal investigations.

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Thu
28
Oct
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Dm Among Britain's Fastest Growing Tech Companies

The company walked away with the 2004 Technology Fast 50 Special Award for Innovation and the North West Business Insider Media Award as the top technology company in the North.

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DM was also ranked eighth in the 50 fastest growing technology businesses in the North.

Now in their seventh year, the UK Technology Fast 50 Awards are an objective ranking and celebration of the UK's fastest-growing high-technology companies, based on percentage revenue growth over a five-year period. 

Originating in Silicon Valley, the awards have become the global growth benchmark for success in the technology sector, recognising innovative strategies, sound management practices and marketplace vision.

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Thu
28
Oct
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Gunnebo Lifts Sales 8 Per Cent

Invoiced sales rose MSEK 1,784 (1,654); organic growth was 2 per cent. The result after financial items was a profit of MSEK 84 (84). The profit after tax amounted to MSEK 59 (64). Earnings per share amounted to SEK 1.35 (1.45). Gunnebo's security products mainly include fire and burglar resistant safes, security products for banks and cash handling, electronic security systems, fire protection, entrance control and access control, alarm centres and indoor and outdoor perimeter protection.

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Wed
27
Oct
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FBI: Crimes Decade-Long Downturn

Violent crimes dropped 3 percent in 2003 while property crimes were down 0.2 percent according to the 2003 FBI Uniform Crime Report. There was also a 6.3-percent drop in arson fires between 2002 and 2003.

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The report shows that for the third-straight year, burglaries were up. Though like 2002, that increase was only 0.1 percent. Robberies were down for the second year in a row with a 1.8-percent drop from 2002. Burglaries are usually defined as nonviolent thefts after a property break-in, while robberies involve theft with the intention or use of violence.

The FBI says violent crimes overall are down 25.6-percent during the past 10 years while property crimes have fallen 14 percent in that period. Violent crimes include homicides, forcible rape, robberies and assaults while property crimes are defined as burglaries, larceny and car theft.

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Wed
27
Oct
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Report Slams U.S. Airport Screeners

The department's inspector general, Clark Kent Ervin, said training and testing has improved since the days when screeners got an advance look at tests, some of which had laughably easy answers.

Congress has been pressuring the Transportation Security Administration to improve screeners' ability to prevent weapons and bombs from getting on planes. In April, Ervin told lawmakers that screeners performed poorly.

The report said airports would be less vulnerable with "improved selection, training and monitoring of screeners." But it noted that screeners on their own cannot detect all dangerous items all of the time.

The report emphasized that the best way to tighten airport security is to develop better technology, which "holds the greatest long-term potential for reducing airport security system vulnerabilities and increasing the detection of prohibited items."

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Tue
26
Oct
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L-3 3Q Sales Hit Usus1.8 Billion

Results include sales of $US1,784.2 million, operating income of $US199.4 million, diluted earnings per share of $US0.93, net cash from operating activities of $US164.0 million and free cash flow(1) of $US144.1 million.

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For the 2004 third quarter, sales increased by 41.1 per cent to $US1,784.2 million from sales of $US1,264.6 million for the 2003 third quarter. The increase in sales from acquired businesses was 22.7%, or $US286.6 million.

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Tue
26
Oct
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Utc Revenues 23 Per Cent Up Year To Date

Revenues for the quarter increased 17 percent to $US9.3 billion with organic growth of 9 per cent. Revenues for the first three quarters were $27.6 billion, 23 per cent above last year.

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Cash flow from operations was $US950 million, including $US201 million of voluntary contributions to pension plans, and exceeded net income after capital expenditures of $US180 million.

"This was another solid quarter the UTC way," said Chairman and CEO George David. "We had tougher conditions in Carrier's North American air conditioning markets after an exceptionally strong first half, but excellent Otis results and continuing recovery in aerospace aftermarkets provided the balance. As anticipated, restructuring costs in the quarter reduced EPS by 8 cents."

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Tue
26
Oct
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Johnson Controls 2004 Sales Us27 Billion

The results qualify 2004 as the company's 58th consecutive year of sales increases and the 14th straight year of increased earnings. JCI’s sales totaled $US26.6 billion, 17 per cent higher than the $US22.6 billion for the year ended September 30, 2003.

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The growth in revenues reflects a 20 per cent increase in Automotive Group sales of seating, interiors and batteries, and a 9 per cent increase in sales by the Controls Group, which includes the Control and Facilities Management Group, part of which is JCI’s Integrated Security Solutions Division. Operating income for the Control Group increased 12 per cent, reaching $US1.3 billion compared with the prior year's $US1.2 billion.

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