PennyPerformers.com: "Penny Stocks that Perform" picks are: INTU, KTOS, MLNX, UTSI

Jun 22, 2009 (M2 PRESSWIRE via COMTEX) -- UTSI | Quote | Chart | News | PowerRating -- Pennyperformers.com "Penny Stocks that Perform" picks are: Intuit Inc. (NASDAQ: INTU), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Mellanox(R) Technologies, Ltd. (NASDAQ: MLNX), UTStarcom, Inc. (NASDAQ: UTSI)

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Jun 22, 2009 -- Intuit Inc. (NASDAQ: INTU | Quote | Chart | News | PowerRating) Intuit Announces Winners in Power to Get More Done Competition.

One plans to bring new services to a low-income Hispanic community. Another wants to revitalize a small town devastated by a tornado. A third plans to offer new job training to the unemployed. Yet another wants to assist those on the verge of financial disaster.

These are just a few examples of how the 10 winners of Intuit Inc.'s Power to Get More Done Stimulus Grant winners plan to use their $20,000 prizes to expand their businesses and better serve their communities.

The winners were among 700 who participated in the Intuit initiative, created to help accounting professionals succeed in uncertain economic times. Each winner receives $10,000 in cash and up to $10,000 in Intuit products and services to make their dreams of growing their businesses come true. They include:

-- Rebecca Bambarger, a tax professional servicing the equine industry, from Chino Hills, Calif.

-- Robert Beninger, owner of B&J Business Solutions, Inc. in Cocoa, Fla.

-- Aliyah T. Bonaparte, owner of Pyramid Accounting Solutions, Inc., in Philadelphia.

-- John W. Davis, co-owner of Davis & Hodgdon Associates CPAs, in Williston, Vt.

-- Gerri Harrison, owner of Gerri Harrison Financial Services, Johnson City, N.Y.

-- Reynaldo Lozano, owner of Superior Tax Service, in Greeley, Colo.

-- Randall Kelly, co-owner of Randy Kelly Accounting, in Lewis, Kan.

-- Amy Mezo, a certified public accountant, in Jonesboro, Ill.

-- Susan Schutz, co-owner of Apis Business Solutions, LLC, in Glendale, Colo.

-- Marybea Varvel, owner of House of Numbers, in Camino, Calif.

Helping Accountants Help Communities

"I can't begin to tell you how excited I am to be a winner of Intuit's Stimulus Grant competition," said Varvel, who will use her grant to design services and resources that help struggling homeowners and small businesses. "I will always be grateful for the opportunity it will provide me to grow my business in the most direct and efficient way possible."

Georg Gerstenfeld, vice president of marketing for Intuit's Accounting Professionals Division, said that tax and accounting professionals play vital roles in the health of the country's overall economy.

"Awarding these grants gives us the opportunity to show our appreciation," Gerstenfeld said. "I look forward to watching the winners' businesses grow from the combination of the Intuit grants and the accountants' hard work and dedication to improve their communities."

Support for Accounting and Tax Professionals

Intuit designed the Power to Get More Done initiative to help tax and accounting professionals either expand an existing firm or start a new one. Judges evaluated applicants based on the quality of business strategy, their need for the grant, the expected return on investment from the use of the grant funds, and the applicant's ability to implement its business plan.

Co-sponsors include the National Society of Accountants, the National Association of Enrolled Agents and the National Association of Tax Professionals.

In addition to the grant competition, the Power to Get More Done initiative offers accounting and tax professionals discounts that they can pass on to their small business clients to help them save time and money.

About Intuit Inc.

Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks(R), Quicken(R) and TurboTax(R) software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries(R) and Lacerte(R) are Intuit's leading tax preparation software suites for professional accountants. The company's financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.

Founded in 1983, Intuit had annual revenue of $3.1 billion in its fiscal year 2008. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom, India and other locations.

Jun 22, 2009 -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading national security, information technology and public safety solutions provider, today announced that its Public Safety and Security segment has secured security system integration and access control systems integration work valued at up to $5.7M.

A significant portion of this new business is to provide access control and security systems to a large, international conglomerate with significant manufacturing and industrial requirements in the United States. The base or initial value of this work is approximately $1 million, with up to an additional $1.4 million of follow on integration work and potential contract value.

The remaining $3.3 million represents recent contract awards for Kratos to provide security systems, including video surveillance, facility access control, and other security elements and building automation technology to certain educational and industrial customers across the United States.

"We are very pleased to have just recently received these strategically significant awards," said Ben Goodwin, President of Kratos' Public Safety and Security segment. "We have spent many years establishing our reputation as a leader in this industry, and these awards are affirmation that our customers recognize our expertise and reputation."

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. provides mission critical engineering, IT services and war fighter solutions for the U.S. federal government and for state and local agencies. Principal services include C4ISR, weapon systems sustainment, military weapon range operations and technical services, network engineering services, information assurance and cybersecurity solutions, security and surveillance systems, and critical infrastructure design and integration. The Company is headquartered in San Diego, California, with resources located throughout the U.S. and at key strategic military locations.

Jun 22, 2009 -- Mellanox(R) Technologies, Ltd. (NASDAQ: MLNX | Quote | Chart | News | PowerRating) (TASE:MLNX), a leading supplier of end-to-end connectivity solutions for data center servers and storage, today announced the immediate availability of its industry-leading IS5000 40Gb/s InfiniBand switch system family and FabricIT(TM) management suite. These new products enable compute clusters and data centers to efficiently scale using switch building blocks from 36 to 648 ports in a single enclosure. Leveraging Mellanox's 4th generation of InfiniBand silicon and industry's lowest latency, the switch family and full line of host channel adapters provide customers with the optimal combination of proven performance and efficiency enhancement.

Mellanox IS5000 systems provide 2.9 to 51.8 Tb/s of non-blocking bandwidth across 648 ports and can be used to build networks consisting of tens of thousands of servers and storage nodes. FabricIT fabric management reduces management overhead by providing the essential capabilities for managing systems at scale with simplicity and flexibility. IT managers can optimize data center performance and efficiency with FabricIT's performance monitoring, granular Quality of Service, and dynamic adaptation of the network to meet application demands in real-time.

"Mellanox's comprehensive end-to-end 40Gb/s connectivity solution of switches, fabric management, and adapters provide the highest return on investment by delivering superior performance, density and ease of use that enables data centers to operate systems at any scale while reducing operational costs and infrastructure complexity," said Eyal Waldman, chairman, president, and CEO of Mellanox Technologies. "Our networking products provide the building blocks for the highest-performance computing systems with comprehensive connectivity to InfiniBand, Ethernet, and Fibre Channel over Ethernet."

Data center managers can accelerate their applications on a 40Gb/s network today with IS5000 and MTS3600 switch systems. Mellanox ConnectX(R) adapters provide hardware-accelerated server virtualization and support TCP/IP and Fibre Channel traffic across the InfiniBand network. Mellanox BridgeX(TM) gateways enable seamless connectivity to clients on the LAN and to SAN storage. With ConnectX and BridgeX, the IS5000 switch system family provides I/O consolidation for data center and high-performance computing environments. By enabling IT managers to adapt networking settings by application demands in real time, the IS5000 products deliver maximum systems productivity and efficiency for any usage model and for any scale.

"The IS5000 switch family and FabricIT offer a new level of provisioning flexibility that helps data center managers fully optimize their fabrics to meet the demanding requirements in today's dynamic computing environment such as on-demand and cloud computing," said Jie Wu, Research Manager, Technical Computing at IDC. "With today's announcements, Mellanox remains at the forefront of intelligent data center fabric management and performance."

The complete Mellanox system family consists of 36 and 324 fixed port switches, director class modular switches with configurations up to 648 non-blocking ports, as well as InfiniBand to Ethernet and InfiniBand to Fibre Channel gateways. The IS5000 family of switches with integrated management functionality allows customers to grow their networks with Mellanox as the complete system for high-performance networking and unified networking vendor of choice. Common modules like switch, fan and power supplies across the entire IS5000 director class family of switches provide customers the ultimate value and ease of use.

Pricing and Availability

Mellanox's IS5000 family of switch systems and FabricIT are available today. Pricing is available upon request. For more information please visit the company website.

Demonstration at International Supercomputing Conference (June 23-25, 2009)

During ISC'09, Mellanox will be demonstrating FabricIT and the IS5000 family of 40Gb/s switches at the Mellanox booth (#520) and the HP booth (#210).

About Mellanox

Mellanox Technologies is a leading supplier of end-to-end connectivity solutions for servers and storage that optimize data center performance. Mellanox products deliver market-leading bandwidth, performance, scalability, power conservation and cost-effectiveness while converging multiple legacy network technologies into one future-proof solution. For the best in performance and scalability, Mellanox is the choice for Fortune 500 data centers and the world's most powerful supercomputers. Founded in 1999, Mellanox Technologies is headquartered in Sunnyvale, California and Yokneam, Israel.

Jun 22,2009 -- UTStarcom, Inc. (NASDAQ: UTSI | Quote | Chart | News | PowerRating) today announced that it has been named the No. 1 broadband equipment provider in India by Voice&Data magazine. Voice&Data is a leading Indian telecom publication.

According to the V&D 100, Voice&Data's industry analysis for fiscal year 2008 - 2009, UTStarcom significantly led the broadband infrastructure sector in India with an estimated 38 percent growth in revenue. The V&D 100 analysis also estimated UTStarcom's broadband market share at 29.5 percent. The company rankings are derived from exhaustive surveys and market analysis.

"As India's demand for faster connectivity continues to grow, UTStarcom is committed to helping build India's broadband infrastructure," said Vijay Yadav, vice president and managing director of UTStarcom's South Asia operations. "By working with the region's leading service providers, and India's governmental broadband authority, this infrastructure will deliver the most advanced services to Indian consumers."

UTStarcom's broadband solutions enable deployment of IP-based, high-speed Internet, voice, data and multimedia services over wireline and optical networks.

The V&D 100 ranking is the most recent in a series of award wins for the company in India. VARIndia named UTStarcom the "Most Trusted Company" in India in the areas of broadband and IPTV leadership in 2008, and the Telecom Equipment Manufacturers Association (TEMA) in India recognized UTStarcom with an "Excellence in Telecom Services and Solutions" award for the company's innovation and direct impact on India's telecom market growth.

The company also has Internet Protocol TV (IPTV) contracts with leading service providers in India including Bharti Airtel in Delhi NCR, and with Aksh Optifibre for Bharat Sanchar Nigam Limited (BSNL) in 20 cities across India and with Aksh Optifibre for Mahanagar Telephone Nigam Ltd. (MTNL) in Delhi and Mumbai. UTStarcom has also announced IPTV deployments with United Telecoms Limited in India and with SLT in Sri Lanka.

About UTStarcom, Inc.

UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support. The company sells its solutions to operators in both emerging and established telecommunications markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks. The company was founded in 1991 and is headquartered in Alameda, California.

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