SumTotal Systems to Announce First-Quarter FY 2006 Financial Results on May 2, 2006
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--April 11, 2006--SumTotal(TM) Systems, Inc. (Nasdaq:SUMT), the largest provider of learning and business performance technologies and services, will host an investor conference call and webcast on May 2, 2006, to discuss the financial results of its first fiscal quarter ended March 31, 2006.
The news release outlining SumTotal's first-quarter financial results is scheduled for release after the close of the market on Tuesday, May 2, 2006, and the conference call and webcast will take place at 2:00 p.m. (Pacific Time) / 5:00 p.m. (Eastern Time). Hosting the call will be Don Fowler, Dave Crussell and Neil Laird, SumTotal's CEO, COO, and CFO, respectively.
A low score can bar you from future borrowing, or can mean lender only offer you high interest rates.
SumTotal plans to make a live, audio webcast available to investors and the public at www.sumtotalsystems.com/company/investors. Along with the webcast, SumTotal plans to offer a telephone replay on Tuesday, May 2, 2006, beginning at approximately 5:00 p.m. (Pacific Time) through the close of business on Tuesday, May 9, 2006. Investors and other interested parties can access the replay by dialing the U.S. toll-free number: 1-800-405-2236, access code: 11058409. The international dial-in number is 1-303-590-3000, access code: 11058409.
About SumTotal Systems, Inc.
SumTotal Systems, Inc. (Nasdaq:SUMT) is the largest provider of learning and business performance technologies and services. SumTotal deploys mission-critical solutions that align learning with organizational and business goals to generate significant bottom-line results. With more than 17 million users worldwide, SumTotal has helped accelerate performance and profits for more than 1,500 of the world's best-known companies and government agencies, including Accenture, Aetna, Cendant, DaimlerChrysler, Delta Air Lines, Harley-Davidson, Microsoft, Novartis, PNC Bank, U.S. Army, U.S. Air Force, U.S. Navy, U.S. Coast Guard, U.S. Bancorp, United Airlines, Vodafone, Wachovia and Wyeth. SumTotal has offices throughout the United States, in London, Paris, Singapore, Sydney, Tokyo, Hong Kong and Hyderabad, India. For more information about SumTotal's products and services, visit www.sumtotalsystems.com.
The time or manner of the webcast may change for technical and or administrative reasons outside of SumTotal Systems' control
Understanding Your Credit Score - First Step on the Road to Financial Freedom
There is no excuse today for not knowing your credit score, that all-important number that can have such an impact on your financial future. Thanks to the Fair Credit Reporting Act, you are entitled to receive a free copy of your credit reports from each of the three main credit reporting agencies. Because the three agencies may have different information in your file, it is important to get copies from all three so you can compare.
Once you have contacted the three major credit agencies to obtain your free credit reports, you may find yourself in possession of seemingly indecipherable documentation. Understanding your credit report can be a confusing and frustrating endeavor, but it is essential if you hope to improve your score in the future.
Your credit score is based on a closely-guarded mathematical formula that estimates the risk you pose to potential creditors. A high score can give you access to low-rate loans with favorable terms. Credit scores range from 300 to 850. A score between 700 and 850 is good, one between 600 and 700 has room for improvement, and one below 600 needs some serious assistance.
If you do have a credit score above 700, you are considered an excellent credit risk. You should easily obtain future credit, and should be offered the best interest rates and loan terms available. If you score is below 700, you should work to raise it, especially if you hope to apply for a large loan like a mortgage or car loan in the future.
If your number is lower than you would like it to be, there are steps you can take to improve your credit score. Making on-time payments for more than the minimum amount due can help lower your debt and raise your score. Transferring balance from high-rate cards to low-rate ones, or taking out a loan to consolidate your debt, can cut interest payments and help you pay down your balance faster. Credit counseling can give you the tools necessary to set and stick to a budget, as well as helping you to negotiate lower payments and rates if necessary.
Check your report at least once a year to make sure the information in your file is correct. Credit reporting agencies are notorious for including inaccurate information that can destroy your credit if not corrected in a timely manner. If you find errors in your reports, you should immediately report them to the credit reporting agency and demand deletion. Take control of your financial future; order and review copies of your credit report today.
Michael Martin is a knowledge seeker and publisher of FinancialKnowledgeCenter.com. Here he provides more information on credit cards, credit counseling and How To Interpret Your Credit Score that will engage your curiosity and stimulate your mind
Lemon Law protection against financial advice?
Most of us in the U.S are familiar with lemon laws that protect consumers of automobiles that do not meet certain quality standards. But what about lemon laws against (phony) financial advice?
If you have ever signed up for a half-indecent financial information, you will probably get inundated with tons of email/snail-mail by financial 'experts' touting penny stocks touted to gain 1000% in the next 2 hours! These 'HOT alerts' claim to have timely, insider information on publicly traded companies that are going to explode soon -- delivering the average person from daily troubles and transporting them to a land of golf, perennial sunshine and crystal-clear blue waters.
Most rational people ignore such 'advice'. But what about those gullible ones that get taken in? Should there not be a lemon law to allow them to sue the advisor for information that was withheld/dramatized? How much of this PAID advice accurately portrays the downside and risk in investing in penny stocks, let alone the many business risks that these small companies face?
I'm not saying that investing in penny stocks is always wrong, nor I am challenging all advice provided by these newsletters. But some of this advice, is really worth nothing more than a lemon. And there should be a law to protect people who lose their shirt against such lemons!
http://bizthinker.blogspot.com
Cheers
Thousands Now Survive Financial Hardship Who Never Thought They Could....with a Solo 401k !
Financial Emergency! It is unpredictable yet it happens to all of us. Whether it's college tuition for your daughter, unexpected medical bills from an accident in the yard, covering the higher than expected closing costs on your new home or avoiding foreclosure or eviction because spending got out of hand; you're going to need money fast.
As one of the requirements for the tax exempt status of your Solo 401k, distributions of funds from your Solo 401k are limited to termination of employment, retirement, disability, death, plan termination or inservice distributions after age 59.5. Severe options for those needing a temporary cash infusion.
Your Solo 401k to the Rescue.
To cover those immediate situations, the IRS allows Solo 401k's to provide two sources of funds: Number one is a loan of up to the lesser of $50,000 or one-half of your vested account balance. Number two is the hardship disbursement of salary deferral contributions for financial hardships. Loans from your retirement account must meet the provisions of section 72(p) which requires that the: ü Loan satisfies the five year repayment term requirement (15 years for residential loans). ü Loan satisfies the level amortization schedule of consistent repayments. ü Loan satisfies the enforceable promissory note contract agreement requirement, and ü Loan satisfies the amount limitations of the lesser of $50,000 or one-half the vested account balance.
Loans are optional features of a Solo 401k plan and should a plan sponsor decide not to provide for loans because of the additional administrative complexity and cost, there remains the safe harbor Financial Hardship provisions. So called because limiting financial hardship requests to only preapproved IRS conditions eliminates the requirement to justify the decision to approve or disapprove the request based on facts and circumstances.
These financial hardships must satisfy one of the following IRS preapproved conditions: ü Medical bills unreimbursed by insurance ü Secondary Education for yourself, spouse or dependents ü Purchase of your primary residence or ü Avoid foreclosure or eviction
These hardship disbursements are not considered Solo 401k distributions with the option to be rolled over to IRAs or other qualified plans. But what happens if the solo 401k financial hardship does not meet one of these criteria? The request is denied and the consequences must be endured.
The IRS recognized that there were other significant events that could qualify as financial hardship and with IRS Regulation 2004-TD-9169, the IRS added two additional circumstances to the list of approved financial hardships.
1.Funeral Expenses and 2.Cost of Uninsured Repairs on your Primary Residence.
These two new additions bring the approved circumstances to a total of six. The changes to the safe harbor hardship rules resulting from the IRS regulations is the second set of changes to the hardship rules since GUST. The first set of changes occurred when EGTRRA reduced the holdout period for elective deferrals from 12 to 6 months. Please note that all of the changes to the hardship rules since GUST apply only to plans that use the safe harbor criteria for hardship withdrawals. To add these two additional situations to the financial hardship provisions of your Solo 401k requires an amendment. Such an amendment should adopt the safe harbor financial regulations by reference so that any future additions are incorporated without additional amendment.
Want to retire with $1,127,376.04? Visit Solo 401k Retirement or Women's Solo 401k Reirement Contact Lawrence Groves at Lawrence@solo-k.com or call 727-277-4137
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