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Email creator, Ray Tomlinson, inducted into Internet Hall of Fame

CAMBRIDGE, Mass., April 23, 2012 /PRNewswire/ --Ray Tomlinson, a principal engineer at Raytheon BBN Technologies who sent the first network email in 1971 and saved the "@" symbol from probable extinction, is being honored among the first inductees into the Internet Hall of Fame for his invention of email. It was Tomlinson who made the historic choice to separate the name of his message's recipient from the name of the host computer using the "@" symbol, now one of the most universally recognized digital icons on the planet. His induction into the Hall of Fame was announced April 23 at the Internet Society's Global INET 2012meeting in Geneva, Switzerland. Raytheon BBN Technologies is a wholly owned subsidiary of Raytheon Company (NYSE: RTN - News).

"I am honored to be selected to the Internet Hall of Fame and have my name mentioned among such an elite and accomplished group," said Tomlinson. "The invention of email came out of a personal desire for a more convenient and functional way to communicate. Basically, I was looking for a method that did not require the person to be there when the message was sent and enabled the receiver to read and answer communications at their convenience. I still use email every day. In fact, it is my preferred form of communication."

In 1971, Tomlinson developed ARPANET's first application for network email by combining the SNDMSG and CPYNET programs, allowing messages to be sent to users on other computers. He chose the "@" sign to separate local from global emails in the mailing address. Person-to-person network email was born and "user@host" became the standard for email addresses -- and remains so to this day.

Tomlinson's email program revolutionized communications, fundamentally changing the way people and organizations interact and altering the cadence of every day life. Businesses, from global companies to tiny shops, transformed the way they communicated. People changed their ways of doing everything from shopping to banking to staying in touch with friends and family -- whether across town or on the other side of the world. Today, an estimated 1.9 billion people worldwide use email to communicate. They are sending 300 billion emails a day, eliminating traditional barriers of time and space.

This is the most recent of Tomlinson's many prestigious honors. In 2000, Tomlinson received the George R. Stibitz Computer Pioneer Award from the American Computer Museum. In 2001, he was honored with a Webby Award from the International Academy of Digital Arts and Sciences and was inducted into the Rensselaer Alumni Hall of Fame. In 2002, Discover Magazine awarded him its Innovation Award. In 2004, he earned the Institute of Electrical and Electronics Engineers Internet Award. In 2009, he was named the Prince of Asturias Award Laureate for Technical and Scientific Research. In 2011, he was honored with the Eduard Rhein Kulturpreis Cultural Award. Ray Tomlinson is ranked No. 4 on the list of the top 150 MIT-related "ideas, inventions and innovators," compiled by The Boston Globe.

About The Internet Society and Its Internet Hall of Fame

The Internet Society is the world's trusted independent source of Internet leadership. The organization promotes open dialogue on Internet policy, technology, and future development among users, companies, governments, and other organizations. Working with its members and Chapters around the world, the Internet Society enables the continued evolution and growth of the Internet for everyone.

The Internet Society established the Internet Hall of Fame this year to mark its 20th birthday and to acknowledge the Internet's profound impact. An Advisory Board of computer scientists, software engineers, Internet developers, historians, executives, venture capitalists, authors, researchers, futurists, academics, analysts, and journalists selected Internet Hall of Fame honorees from an open nomination process.

About Raytheon

Raytheon Company, with 2011 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 90 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 71,000 people worldwide. For more about Raytheon, visit us at http://www.raytheon.com and follow us on Twitter at @raytheon.

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Email creator, Ray Tomlinson, inducted into Internet Hall of Fame

62nd Annual Outer Critics Circle Award Nominations Announced; Nice Work Receives Nine Nods

62nd Annual Outer Critics Circle Award Nominations Announced; Nice Work Receives Nine Nods

By Andrew Gans 23 Apr 2012

Tony Award nominee Lily Rabe (The Merchant of Venice, Seminar) and Outer Critics Circle nominee Richard Thomas (The Stendhal Syndrome, Race) announced the 62nd annual Outer Critics Circle Award nominations April 23 at the Friars' Club in Manhattan.

Outer Critics Circle Awards honor the best of Broadway and Off-Broadway.

The new Gershwin musical Nice Work If You Can Get It received nine nominations, the most of any production of the season. The new musicals Newsies and Once each received seven nominations.

Nominations follow:

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OUTSTANDING NEW BROADWAY MUSICAL Bonnie & Clyde Newsies Once Spider-Man: Turn Off the Dark

OUTSTANDING NEW OFF-BROADWAY PLAY Blood and Gifts The School for Lies Sons of the Prophet Tribes

OUTSTANDING NEW OFF-BROADWAY MUSICAL Death Takes a Holiday Lucky Guy Play It Cool Queen of the Mist

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62nd Annual Outer Critics Circle Award Nominations Announced; Nice Work Receives Nine Nods

The DOJ's Publishing Lawsuit May Doom Digital Rights Management

In the days following the announcement of the U.S. Department of Justice lawsuit against publishers accused of colluding with Apple to raise e-book prices, much of the U.S. publishing industry decamped to the U.K. for the annual London Book Fair. Not surprisingly, the suit was a major topic of conversation at cocktail parties and in booths across the Earls Court Exhibition Centrein particular speculation about whether the DOJ suit might finally push big publishers to consider easing their requirements for digital rights management (DRM), the controls that keep e-book readers from being able to pass a copy of a title on to a friend.

Publishing-industry futuristsindividuals typically far removed from the real-world calculations being crunched in publishers accounting departmentshave long argued that DRM inhibits e-book innovation and prevents small e-book retailers from entering the market and competing with the giant distributors (read Amazon). In London this year, says Lorraine Shanley of publishing consultancy Market Partners International, more mainstream publishing executives are talking seriously about ending DRM restrictions. It would allow individual publishers much more flexibility with their own content and in making it available directly to consumers, says Shanley. And it would allow consumers to access content without getting locked into one devicee.g. the Kindle.

Some analysts say thats wishful thinking. In recent years the music industry has removed nearly all its DRM restrictions, yet that has done little to diversify the digital music market. Apple dominates, and Apple sets prices. For consumers, Amazon regaining more market power could result in less choice among retailers down the road, says Michael Wolf, vice president of tech news website GigaOm. Whether Amazon is benevolent or not in the long run, thats yet to be seen.

Most of the London trade show visitorsand indeed many others in the businesssay the lawsuit plays into the hands of Amazon and its boss, Jeff Bezos. Since the debut of the Kindle, Amazon.com has played a long game, losing money on both the razor (Kindle devices) and the razor blades (e-books) in an effort to establish the kind of dominant market position in e-books that Apple enjoys in digital music. The company sells Kindle hardware at virtually no profit, and it also lost money during the Kindles first few years by pricing new releases and major bestsellers at $9.99, when it was paying publishers $15 or more for many titles.

For e-books published by Hachette, Harper Collins, and Simon & Schusterthe three houses that settled with the DOJAmazon will soon be able to start slicing retail prices again. That could boost Amazons market share from more than 60 percent of the overall e-book market and put additional pressure on Barnes & Noble, which controls 30 percent. But it also could undermine Amazons already thin operating margin just as the company is investing in long-term projects such as tablets, the Amazon Prime free shipping club, and its cloud computing initiative, Amazon Web services. Analysts believe Amazon will start cutting nonetheless. This is a very calculated move on Amazons part, says Colin Sebastian, an analyst at RW Baird. Their view is that Apple probably doesnt have the stomach to lose a whole lot of money on e-books and Barnes & Noble cant afford to. They will do whatever they can at this stage of e-books and Kindle to drive as much market share as possible.

Amazon will have to be cautious about cutting prices so dramatically that it forces book publishers to leverage what remaining clout they have left. Publishers could, for example, window e-booksdelaying their publication for a few weeks after the release of the more expensive hardcovers. Simon & Schuster and Hachette tried this in the early days of wholesale e-book pricing, on memoirs by Sarah Palin and Edward Kennedy. (This strategy, though, could alienate customers and lead to increased e-book piracy.) Publishers could also experiment with packaging the e-book and the hardcover together, or they might pull DRM technology on e-books for the Nook, which could make Barnes & Nobles store more appealing to customers. Still, its hard to see how publishers find a way around Amazon in the market, unless Amazon blows it somehow, says Bill Rosenblatt of consulting firm GiantSteps Media Technology Strategies.

Whatever Bezoss overall strategy, Amazon wont be able to cut the price of e-books published by Penguin and Macmillan until the DOJ case is resolvedand that could take a while. Geoffrey Manne, an antitrust expert at the Lewis & Clark Law School, says the case could take years to resolve, in part because Apple has such a deep reserve of cash it could spend on the litigation. Meantime, the e-book market is likely to keep evolving rapidly. In fact, one of the big problems with this suit, as with others in the tech realm, Manne says, is that by the time its concluded, the market is likely to have changed so much that it will have become irrelevant.

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The DOJ's Publishing Lawsuit May Doom Digital Rights Management

Yodlee® Partners With Central 1 to Power Personalized Financial Management for Credit Unions and Financial …

REDWOOD CITY, Calif., April 17, 2012 /PRNewswire/ --Yodlee, the leading provider of digital money management solutions, today announced a new partnership with Central 1, the largest wholesale financial services provider in Canada. Central 1 will integrate Yodlee's market-leading technology into its powerful MemberDirect Services online banking platform. Central 1 is Yodlee's first wholesale financial partner in Canada.

The 300-plus credit unions and banks which utilize MemberDirect Services will now be able to provide fully-integrated money management tools including budgeting and spending analysis, and cash flow management across all their accounts. MemberDirect Services' four million users will have more control over their money and the security of managing it through the website of their trusted financial institution.

"Consumers want a simple and secure way to take charge of their money and they literally want that information at their fingertips," said Oscar van der Meer, Chief Technology Officer at Central 1. "We partnered with Yodlee to create a solution that meets current consumer demand but also has the flexibility to grow and innovate as those needs evolve."

Offering personalized financial management is increasingly important to customers who are looking for a primary financial institution through which they manage their money.

"Central 1 really challenged us to test the flexibility of our Platform to be able to simultaneously meet the needs of so many different, forward-looking institutions and credit unions," said Bill Parsons, Chief Customer Officer at Yodlee. "With Central 1's tremendous reach, powering banking services for more than half of all credit unions in Canada, we will together be able to deliver unmatched, personalized services for the millions of members served, helping to empower consumers to make better financial decisions."

Through a number of pilot projects which launch in 2012, Central 1 will be working with Yodlee to fully integrate the platform into MemberDirect Services online banking and make it available to all clients by 2013.

For more information about the Yodlee Platform, and other Yodlee products and services, visit http://www.yodleefinapps.com. For more information about Central 1's direct banking services, http://www.central1.com/thinkingforward.

About Central 1 Credit Union

Central 1 is the central financial facility and trade association for the B.C. and Ontario credit union systems, providing liquidity management, payments, Internet banking and trade association services to member credit unions, and banking and transaction services to customers in the corporate and public sectors. For more information, visit http://www.central1.com.

About Yodlee, Inc.

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Yodlee® Partners With Central 1 to Power Personalized Financial Management for Credit Unions and Financial ...

Digital Domain Media Group CEO John Textor Will Be a Guest on CNBC’s Fast Money on Wednesday, April 18

PORT ST. LUCIE, Fla.--(BUSINESS WIRE)--

John Textor, chairman and CEO of Digital Domain Media Group (NYSE: DDMG - News), will be a guest on The Next Big Thing segment of CNBCs Fast Money today, Wednesday, April 18. Fast Money is shown at 5:00pm EDT.

About Digital Domain Media Group

Digital Domain Media Group (DDMG: NYSE) leverages its expertise in digital visual effects (VFX) and computer-generated (CG) animation across a group of interrelated businesses. At its foundation is Digital Domain Productions (DDPI), an award-winning digital production company founded in 1993. This leading provider of visuals has contributed to more than 90 major motion pictures, including Titanic, the Transformers series, Real Steel and TRON: Legacy, as well hundreds of commercials. DDPI also converts two-dimensional (2D) imagery to three-dimensional (3D) imagery and holds key patents in this area. Mothership, a DDPI subsidiary, focuses on creating advertising, entertainment and branded content from concept to completion, across multiple media platforms. DDMG, its work and its employees have been recognized with numerous awards, including seven from the Academy of Motion Picture Arts and Sciences. The company is building on its success in VFX to participate as a co-producer in major studio productions and is currently in production on the upcoming live-action sci-fi feature film Enders Game. DDMG is also applying its CG expertise to produce original, family-friendly animated feature films at its subsidiary Tradition Studios. The first movie, The Legend of Tembo, is in pre-production and two more features are in development. The companys education subsidiary, the Digital Domain Institute, sets a new standard in digital media education through a pioneering public-private partnership with The Florida State University College of Motion Picture Arts. DDMG is expanding its worldwide footprint of the highest quality visual effects and animation at the lowest possible cost through global partnerships in India and China. The company has studios in Los Angeles, San Francisco, Florida, Vancouver, Mumbai and London, and is currently establishing a studio in Beijing. http://www.ddmg.co

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Digital Domain Media Group CEO John Textor Will Be a Guest on CNBC’s Fast Money on Wednesday, April 18