Business
VCom Declares Special Dividend of $0.04 per Common Share
VCom Declares Special Dividend of $0.04 per Common Share.
About this update from Vecima Networks Inc.
[{"type":"text","content":"\n\n\n\n\nVICTORIA, Nov. 13 /CNW/ - VCom Inc. (TSX: VCM), today announced that the\nCompany's Board of Directors have approved a special dividend of $0.04 per\ncommon share, payable to shareholders of record on November 22, 2006 with a\npayment date of December 15, 2006.\nThe dividend of $0.9 million will be announced directly to shareholders\nat the Company's Annual and Special Meeting in Victoria later today.\n\nAbout VCom\nVCom Inc. designs, manufactures and sells products that enable broadband\naccess to cable, wireless and telephony networks. VCom's hardware products\nincorporate original embedded software to meet the complex requirements of\nnext-generation, high-speed digital networks. Service providers use VCom's\nsolutions to deliver services to a converging worldwide broadband market,\nincluding what are commonly known as \"triple play\" (voice, video and data) and\n\"quadruple play\" (voice, video, data and wireless) services. VCom's solutions\nallow service providers to rapidly and cost-effectively bridge the final\nnetwork segment that connects the system directly to end users, commonly\nreferred to as \"the last mile\", by overcoming the bottleneck resulting from\ninsufficient carrying capacity in legacy, last mile infrastructures. VCom's\nproducts are directed at three principal markets: Data over Cable, Broadband\nWireless and Digital Video. The Company has also developed and continues to\nfocus on developing products to address emerging markets such as Voice over\nInternet Protocol, fibre to the home and IP video. VCom currently employs over\n620 people in Western Canada. Pending shareholder approval at VCom's Annual\nand Special Meeting, slated for November 13, 2006, the Company plans to change\nits name to Vecima Networks Inc.\nFor more information, visit www.vcom.com.\n\nForward-Looking Statements\nCertain statements in this news release may constitute forward-looking\nstatements which involve known and unknown risks, uncertainties and other\nfactors which may cause the actual results, performance or achievements of the\nCompany, or industry results, to be materially different from any future\nresults, performance or achievements expressed or implied by such\nforward-looking statements. When used in this news release, such statements\nare generally identified by the use of such words as \"may\", \"will\", \"e...