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Shamir Optical Q3 net profit drops slightly PDF
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Thursday, 04 December 2008
Shamir Optical Industry Ltd.(SHMR) recently reported a marginal decline in its third quarter net profit, impacted by higher expenses. However, excluding items, operating income increased.

The company also expressed its confidence in full year 2008 revenue forecast, while admitting the effect of current economic stress. Excluding items, earnings were up 4.1% at $2.9 million or $0.18 per share, compared to $2.8 million in the comparable quarter a year ago. Quarterly revenues increased 16.8% to $36.12 million from $30.93 million in the same quarter a year ago. Operating income was $2.95 million or 8.2% of revenues, down from $3.17 million or 10.2% of revenues in the prior-year quarter. Operating expenses were $16.07 million, up from $13.02 million in the same quarter a year ago. For the nine-month period, net income rose to $7.72 million or $0.47 per share from $6.63 million or $0.40 per share in the prior-year period. Revenues for the period increased to $111.17 million from $89.82 million in the year-ago period.

Looking ahead, for the full-year 2008, the company said, even though it is difficult to forecast sales in the current economic circumstances, it still believes in meeting the previously announced revenue forecasts for growth in the range of 10%-16%. The estimates are based on the December 2007 exchange rates and excluding the results of Mexican operation.
RANZCO's President Re-appointed PDF
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Australian News
Wednesday, 03 December 2008
Dr Iain Dunlop has been re-elected as President of RANZCO for another one year term. The Vice President, Dr Bill Glasson, has also been re-elected for another term.

These appointments were confirmed during RANZCO's 40th Annual Scientific Congress in Melbourne from 22-26 November. West Australian ophthalmologist, Dr Annette Gebauer, was elected to the College Board of Directors.
Boucheron and Gold & Wood sign new licence agreement PDF
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Tuesday, 02 December 2008
Boucheron and Gold & Wood recently announced that they have entered into a new license agreement for sunglasses and optical frames.

Gold & Wood will work with Boucheron in the design, production and worldwide distribution of high-end luxury eyewear products. The agreement is for an initial term of six years and will commence on 1st January 2009. The first collection under this agreement will be launched in summer 2009.
Study finds contact lens cases often contaminated PDF
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Ophthalmology and Optometry
Monday, 01 December 2008
Contamination is common in contact lens storage cases, say Israeli researchers who found at least one pathogen in two-thirds of 30 storage cases used by 16 people.

The tests of contact lens disinfection solution in the storage cases found that Pseudomonas -- a known cause of severe corneal infections -- was the most common type of pathogen (41 percent), while fungal pathogens accounted for about 3.3 percent of contamination.

Pathogens were found in all the types of storage solutions examined in the study, and some of the solutions tested positive for pathogens every time they were tested. These pathogens can cause keratitis, an often painful inflammation of the cornea. Complications from keratitis can lead to vision loss.

The findings were presented at a recent joint meeting of the American Academy of Ophthalmology (AAO) and the European Society of Ophthalmology.

The researchers advised contact lens users to closely adhere to contact lens care guidelines, including frequent cleaning and replacing their lens case regularly in order to prevent contamination.
Luxottica Group becomes the latest in a string of high-profile data leaks PDF
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International News
Friday, 28 November 2008
More than 59,000 employees of Luxottica Group may be at risk after a hacker made off with their personal information in the latest incident of a massive corporate data breach.

Luxottica's IT security discovered that its mainframe had been breached during an investigation in July and contacted local law enforcement, a spokesperson at Luxottica's U.S. headquarters in Mason said.

The breach comes on the heels of several high-profile data losses at other large companies. In August, Wells Fargo was hit by a data breach in which the personal information of thousands of consumers was stolen.

Luxottica has released few details about the intrusion into its mainframe, which are typically seen as being more difficult targets for hacking than other systems.
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