2nd Laguna Blogging Summit -2LaBS Revolution is on!

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Join the new digital revolution now!  The FIERCER, BIGGER and BOLDER 2LaBs is on! The 2nd Laguna Blogging Summit is an open event for the Filipino Social Media/Blogging community.

The 2nd Laguna Blogging Summit ( 2LaBs) will be held on October 15-16, 2013.

The FIRST Laguna Social Media and Blogging Summit (1LaBS) is a huge successful summit held last September 27 and 28, 2012 at the Cultural Center of Laguna. This was attended by expected 300 participants from all around the Philippines compose of writers, bloggers and students, became 600 on September 27 and on September 28 was 900, with students from LSPU, STI, AMA and bloggers from Manila and Pampanga who allotted two days of their time to attend this historical event. 1LaBs has been with the support of the Provincial government of Laguna under Governor Jeorge "ER" Estregan Ejercito.

For this 2LaBs, we will meet the Social Revolutionists as they share their strategies on how to win it in the blogoshere. The weapons are not the bolos, spear and sword! Learn how to use their new weapons -Blogs, Facebook, Twitter.

Discover new tools they use to penetrate their market and promote their brands to gain following and build tribes in effecting positive change!

The new digital revolution will happen on October 15-16, 2013 at the Cultural Center of Laguna. The 2nd Laguna Blogging Summit organizers would like to thank the following sponsors and partners:

Province of Laguna under Governor "ER" Ejercito, Governors Office, Chief of Staff Carlos F.Dolendo, Philippine Red Cross Assistant Secretar General Neil Andrew Nocon, Gardenia Bakers Philippines Inc., Air Asia, Commission on Elections, Café Lupe, 100 Miles Cafe, Cafe De Bonifacio, Oriang, Greenwich, Mac Carranz International Corp, Melbas Farm, Andrew Grace Home Builders, Casa Alegria Condotel, Galiliea Events Place, Zoomanity Group, Kliping Times, socialscene.ph, wheninmanila.com, The Tribune Post, Wazzup Pilipinas, Blog-ph.com, Ronda Balita, Manila Channel and Magic Expose.

Join and Enjoy the Wonderful World of the 2nd Laguna Blogging Summit as the FIERCER, BIGGER and BOLDER social event!

For more updates and to register, visit the website http://labsph.com/

https://twitter.com/LaBSummit

https://www.facebook.com/thelagunabloggingsummit

Spreading the Joy of Healthy Living

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People are now more conscious of keeping fit and staying within their ideal weight. Anywhere you look, there are gyms, fitness centers, yoga parlors, among countless other establishments, that promote physical movement and active lifestyle. 

Part of staying healthy is, of course, diet. Quick to adapt every diet fad that comes their way—South Beach, Atkin’s and Mediterranean—they won’t mind spending a little bit extra for organic and healthier options.

One food option that they can integrate into their diet is probably something that they have loved while growing up and is readily available on the dining table or the cupboard: Lily’s Peanut Butter.

Yes, the iconic local brand that has delighted the palate of generations of Filipinos can fit into a reportaire of tasty, organic and healthy food sources. Have a listen.

Lily’s Peanut Butter is the only brand in the market that only has two main ingredients: high quality peanuts and sugar wash.

That’s it! No extenders, no preservatives, no artificial flavoring and coloring. This means that one can slather the spread lavishly on bread or use it as an ingredient in a main course (kare-kare, perhaps?) or in sumptuous desserts like peanut butter cookies or home-made ice cream. Widely available in supermarkets nationwide, Lily’s Peanut Butter won’t look out of place in an organic store.

Because of its purity and consistency, one can make the most out of the health benefits of Lily’s Peanut Butter. For one, it’s loaded with protein, one of the major building blocks of food (alongside carbohydrates and fat) which is responsible for the building and repairing of muscles. Two tablespoons of Lily’s Peanut Butter can contain as much as seven grams of protein. That’s good news for gym buffs who need to have a boost of protein after their workout. Vegetarians, who have sworn off protein from animals, can also indulge on Lily’s Peanut Butter without the guilt.

Those who are trying to lose weight can rely on the energy-giving calories of Lily’s Peanut Butter. Aside from protein, it also has deitic fiber that makes one feel less full but still be energized for the day. As a bonus, it even has “trytophan,” a kind of amino acid that encourages the production of the happy hormone serotonin which improves mood and combats depression.

For those taking care of their hearts, Lily’s Peanut Butter is a worthy ally. In the absence of hydrogenated oil (trans fat) that is blamed for clogging arteries, it has monosaturated fat, the kind of fat championed by Mediterranean diet for being heart-friendly. Oleic acid, its main component, is found to lower the risk of heart disease and even Type 2 diabetes.

Students and professional, who need sustained brain power, can count on Lily’s Peanut Butter for its Vitamin B complex. Its niacin component is long known to boost brain function, increase memory power and recently, is shown to reduce risk from developing Alzheimer’s disease. Pregnant women who have supplemented their diet with foliate, another form of Vitamin B, are found to have reduced the neural defect in their newborn to as much as 70 percent. Now, that’s good news for mothers!

With all of these benefits, it’s interesting to know that Lily’s Peanut Butter has even more to offer: P-coumaric and resveratrol that fight certain cancers; manganese that helps in the metabolism of fats and carbohydrates, the absorption of calcium and the regulation of blood sugar; and even trace amount of copper does the double duty of lowering bad cholesterols while increasing the good ones.

Indeed, Lily’s Peanut Butter packs a punch with its many health benefits that cater to the young and the young-at-heart. The best part is, Lily’s Peanut Butter has maintained rich nutty taste, consistent texture and full-bodied aroma that make being healthy a delight.

For more details on the healthy goodness of Lily’s Peanut Butter, you can visit their website at www.mylilys.com, send an email at newbornfoodp@yahoo.com and follow them in Facebook (lilyspeanutbutter), Instagram (@lilyspeanutbutter) or Twitter (@lilysPBofficial). For inquiries on Food Service, you may also call (02)741-2555 loc. 13.

Western Digital® Announces Fiscal Year Revenue of US$15.4 Billion and Non-GAAP Net Income of US$2.1 Billion, or US$8.53 Per Share1

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For Fourth Quarter, Revenue of US$3.7 Billion, Non-GAAP Net Income of US$477 Million, or US$1.96 Per Share

MANILA, Philippines — July 29, 2013 — Western Digital® Corp. (NASDAQ: WDC) today reported revenue of US$15.4 billion and net income of US$1.7 billion, or US$6.75 per share for fiscal year 2013, compared to fiscal 2012 revenue of US$12.5 billion and net income of US$1.6 billion, or US$6.58 per share. On a non-GAAP basis, fiscal 2013 net income was US$2.1 billion or US$8.53 per share, compared to fiscal 2012 net income of US$2.1 billion or US$8.61 per share.¹

For its fourth fiscal quarter ended June 28, 2013, the company reported revenue of US$3.7 billion, hard-drive shipments of 59.9 million and net income of US$416 million, or US$1.71 per share. On a non-GAAP basis, net income was US$477 million or US$1.96 per share.² In the year-ago quarter, the company reported revenue of US$4.8 billion, net income of US$745 million, or US$2.87 per share, and shipped 71.0 million hard drives. Non-GAAP net income in the year-ago quarter was US$872 million, or US$3.35 per share.³

The company generated US$684 million in cash from operations during the June quarter, ending with total cash and cash equivalents of US$4.3 billion. For fiscal year 2013, the company generated US$3.1 billion in cash from operations and its free cash flow totaled US$2.2 billion.⁴ During the quarter, the company utilized US$235 million to buy back 4.4 million shares of common stock. On May 15, the company declared a US$0.25 per common share dividend, which was paid on July 15.

“I am pleased with our performance in fiscal year 2013 and the June quarter, reflecting our expanding participation in the storage market, including the cloud and personal storage as we address the ongoing growth in digital data,” said Steve Milligan, president and chief executive officer of Western Digital. “Our financial results were strong with significant free cash flow generation, we continued to forecast the market accurately and we had outstanding execution by our HGST and WD® subsidiaries.”

As reported in our Form 8-K filed on July 22, 2013, the Court of Appeals of the State of Minnesota reversed the decision of the District Court of Hennepin County, Minnesota, which had vacated a US$630.4 million final arbitration award against the company and ordered a rehearing of certain claims in the arbitration between Western Digital and Seagate Technology, LLC. The financial information reported in this press release does not include any additional accrual for the arbitration award. Western Digital is reviewing the decision of the Minnesota Court of Appeals and will make a determination of whether or not to record an accrual in its results for the quarter ended June 28, 2013, after it completes its review. 

About Western Digital

Western Digital Corp. (NASDAQ: WDC), Irvine, Calif., is a global provider of products and services that empower people to create, manage, experience and preserve digital content. Its subsidiaries design and manufacture storage devices, networking equipment and home entertainment products under the WD, HGST and G-Technology brands. Visit the Investor section of the company's website (www.westerndigital.com) to access a variety of financial and investor information.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the company’s market participation and growth of digital data. These forward-looking statements are based on management’s current expectations and is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statement, including the impact of continued uncertainty and volatility in global economic conditions; supply and demand conditions in the hard drive industry; uncertainties concerning the availability and cost of commodity materials and specialized product components; actions by competitors; unexpected advances in competing technologies; uncertainties related to the development and introduction of products based on new technologies and expansion into new data storage markets; business conditions and growth in the various hard drive markets; pricing trends and fluctuations in average selling prices; and other risks and uncertainties listed in the company’s filings with the Securities and Exchange Commission (the “SEC”), including the company’s recent Form 10-Q filed with the SEC on May 3, 2013, to which your attention is directed. Readers are cautioned not to place undue reliance on these forward-looking statements, which speaks only as of the date hereof, and the company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.

Financial Statements 

Fourth Quarter Fiscal 2013 Quarterly Fact Sheet 

¹ Non-GAAP net income for fiscal 2013 consists of GAAP net income of US$1.7 billion plus US$193 million for amortization of intangibles related to the acquisition of HGST, US$138 million for employee termination benefits and other charges and a net US$106 million for tax-related matters and other unrelated charges. Non-GAAP earnings per share of US$8.53 for fiscal 2013 is calculated by using the same 246 million diluted shares as is used for GAAP earnings per share. Non-GAAP net income for fiscal 2012 consists of GAAP net income of US$1.6 billion plus US$214 million of charges and expenses related to the flooding net of recoveries, US$91 million for costs recognized upon the sale of acquired inventory that was written-up to fair value, US$80 million related to restructuring, US$63 million for amortization of intangibles related to the acquisition of HGST, US$62 million of acquisition-related expenses, US$7 million of litigation accruals, less US$20 million of tax effects related to the aforementioned items. Non-GAAP earnings per share of US$8.61 for fiscal 2012 is calculated by using the same 245 million diluted shares as is used for GAAP earnings per share.

 

² Non-GAAP net income for the fourth quarter fiscal 2013 consists of GAAP net income of US$416 million plus US$46 million for amortization of intangibles related to the acquisition of HGST and US$15 million for employee termination benefits and other unrelated charges. Non-GAAP earnings per share of US$1.96 for the fourth quarter is calculated by using the same 243 million diluted shares as is used for GAAP earnings per share.

³ Non-GAAP net income for the fourth quarter fiscal 2012 consists of GAAP net income of US$745 million plus US$51 million for amortization of intangibles related to the acquisition of HGST, US$80 million related to restructuring less a US$4 million tax effect related to the restructuring. Non-GAAP earnings per share of US$3.35 for the fourth quarter is calculated by using the same 260 million diluted shares as is used for GAAP earnings per share.

⁴ Free cash flow for fiscal 2013 consists of cash flows from operations of US$3.1 billion less US$952 million of capital expenditures.

Western Digital, WD and the WD logo are registered trademarks in the U.S. and other countries. HGST trademarks are intended and authorized for use only in countries and jurisdictions in which HGST has obtained the rights to use, market and advertise the brand. Other marks may be mentioned herein that belong to other companies.

Metro Society and Metro Magazine feature timeless top-listers this August

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Number one candidate in the recently held senatorial elections, Grace Poe, and A-list Hollywood on-screen power couple Ian Somerhalder and Nina Dobrev are put in the spotlight as proof of the timelessness of style in Metro Society magazine and Metro magazine this August.

In an issue that is the heart and soul of Metro Society, the Prestige and Luxury issue, the magazine opens with the beautiful newly appointed senator, Grace Poe, who took the number one seat during the senatorial race. Metro Society sits down with her as she prepares herself for one of the greatest roles of her life, following in the footsteps of generations past as the daughter of the late Fernando Poe, Jr., as she aims to make a difference through politics. A woman of strength and character, she stands as testament that one can really have it all.

Metro magazine simultaneously dedicates its issue to how character plays a big role in absolutely anything. This issue of Metro contains ways to define, rediscover, and embrace personal style—regardless of changes in what’s in and what’s out. Quoting legendary designer Yves Saint Laurent, “fashions fade, style is eternal”. This personal style is exuded by the power couple that graces the cover of this month’s issue. Ian Somerhalder and Nina Dobrev, who lead the pack of stylish personalities on an international scale are shown in a light that inspires the uniqueness of one’s own fashion, aimed at letting readers look and feel their best.

Metro and Metro Society are available in bookstores and newsstands nationwide.

Follow Metro on Twitter and Instagram (@MetoMagPH)

and like Metro’s Facebook page (www.facebook.com/Metro.Magazine).

ABS-CBN Publishing Wins at the Asian Publishing Awards

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ABS-CBN Publishing, Inc. (API) received a total of five Asian Publishing awards in rites recently held at the Mandarin Oriental Hotel in Manila.

API won for "Best Feature on Cars" and "Best Feature on Wine Tasting", both for Vaultmagazine; for "Best Feature on Interior Design" for Metro Home magazine and "Best Feature on Asian Fashion" for Metro magazine.  In the book category, Juan Ponce Enrile: A Memoir was awarded for "Best Insights into Asian Societies."

According to the Asian Publishing Conference Committee, the awards organizers, there were 171 entries from Asia. API joined winners from eight countries, which included three others from the Philippines. 

“We are proud of this achievement, knowing that our locally developed magazines can compete and win against many franchised global brands.  I thank God and the great people I worked with for excelling in their respective categories. I also want to thank the Asian Publishing Conference Committee for the recognition that they’ve given us,” said Ernie Lopez, President of API.

“There has never been a more competitive and transformative period in history of magazine media. Audiences are segmenting rapidly, and there are over 500 magazines sold on a typical bookstore, with many more alternatives on digital storefronts. It is therefore heartening to see Philippine publications and our brands competing in terms of quality at an international level,” added Mark Yambot, Managing Director of API.

This is the second year in a row for Vault magazine to be recognized for editorial excellence.  A high-end men’s lifestyle magazine, Vault magazine also won the “Best New Magazine” and “Best Cover Design” in APA for 2012. “Our fine wines and motoring sections are particularly popular for their depth, detail, insider knowledge and visual attractiveness. We are proud to be cited two years in a row for excellence in lifestyle journalism,” said David Celdran, Editor-in-Chief of Vault.

Shot in Milo Naval’s house in Sorsogon, Metro Home’s winning feature showcased Philippine ingenuity through the tropical and modernist design of the established interior and furniture designer.

Metro’s winning entry was an Iza Calzado photo shoot in Barcelona which showcased creations from top and aspiring Filipino designers. This is also the second win for the magazine whose iPad edition was awarded in 2011 for “Best in Tablet Platform.”

Juan Ponce Enrile: A Memoir was one of the Philippines' best-selling books of 2012.

ABS-CBN Publishing Inc. (API) is a subsidiary of media conglomerate ABS-CBN Corporation. API is the leading provider of Philippine developed magazine brands with 13 homegrown titles such as StarStudio, The Buzz, Working Mom, Food, Chalk, and the Kris Aquino Magazine.