BELLEVUE, Wash., July 21, 2009 (GLOBE NEWSWIRE) -- Sector 10, Inc. Ho has guided the fund through a number of controversialinvestments including stakes in Thai and Indonesian telecomsfirm earlier this decade.($1=1.455 Singapore Dollar)(Additional reporting by Kevin Lim; Editing by LincolnFeast) Stocks Funds News ETFs News Indonesia. lumber baron and hails fromthe halls of Ivy League universities and Wall Street, but isbest known for his reign at the Australian mining giant BHP. Goodyear joined then debt-ridden BHP in 1999 as chieffinancial officer, and was instrumental in growing the companyinto the world's top miner, via a merger with South Africa'sBilliton, with a market value bigger than the GDP of somecountries it operated in. [ID:nSP436549] The decision Ho puts back in the hot seat, extending afive-year run as head of Singapore's smaller of two sovereignwealth funds, behind Government of Singapore Investment Corp. They will have tolook for someone of similar calibre if they need to invest inthat sector," CIMB's Song said Goodyear descends from a U.S.

"Chip's experience in the resources sector would have comein very handy in the next cycle of growth. Temasek has a fantastic platform and Iwish the Board, Ho Ching and the team all the best," Goodyearwas quoted as saying in the Temasek statement. Goodyear was also widely expected to trim Temasek'sfinancial holdings and move aggressively into commodities andenergy and into emerging market infrastructure and consumerretail sectors, analysts and bankers have said.[ID:nSIN190820]. The decision came after analysts said Goodyear couldoverhaul the firm's investment strategy after Temasek lost morethan $4 billion this year after dumping stakes in Bank ofAmerica (BAC.N) and Barclays (BARC.L). "I'm sorry that we are unable to continue with theleadership transition. "Four months into the leadership transition, the TemasekBoard and Mr Goodyear have concluded and accepted that thereare differences regarding certain strategic issues that couldnot be resolved," the statement said. With 40 percent of its holdings in financials, the marketmeltdown last year saw Temasek's portfolio lose nearly a thirdin the eight months to November, sparking unprecedentedcriticism in Singapore about its strategy The size of itsportfolio shrank to $84 billion as of Nov 30.

Goodyear, the former CEO of BHP Billiton (BHP.AX), wasready to take over from Ho on Oct 1 as the sovereign wealthfund's first foreign CEO. Sources familiar with Temasek said the announcement cameout of the blue, with senior managers called into a meetingabout half an hour before the news was made public. "In Singapore, all these successions at this level areplanned quite carefully and for this to happen now is quiteunusual," said Song Seng Wun, senior regional economist atCIMB. Ho Ching, the wife of Singapore's prime minister and thecurrent CEO, will continue to remain executive director andchief executive, Temasek said in a statement on Tuesday. iMedicorMedia:Aimee Whitelaw, 202-997-1114Communications orInvestor:Craig Stout, 845-356-5211Chief Operating Copyright Business Wire 2009. * Ex-BHP Billiton Goodyear was to become CEO on Oct 1 Stocks  |  Funds News  |  ETFs News  |  Indonesia * Ho Ching to remain CEO * Differences over certain strategic issues cited as reason * For more on Temasek and Goodyear, click [ID:nSP442466] (Adds detail on strategy, background) By Saeed Azhar SINGAPORE, July 21 (Reuters) - Singapore's Temasek saidCharles (Chip) Goodyear has decided not to become the chiefexecutive of the state investment firm due to differences overstrategy, less than six months after accepting the post.

These factors, risks, and uncertainties includemarket acceptance of Vemics' products and services; the nonexclusive andterminable-at-will nature of certain of the company's partnerships andagreements; rapid technological change affecting demand for our products andservices; competition from companies providing similar products and services,availability of sufficient financial resources to enable us to expand ouroperations, as well as other risks detailed from time to time in our filingswith the Securities and Exchange Commission. More information on iMedicor is available at is based in Nanuet, N.Y.. The statements contained herein, other than historical information, are or maybe deemed to be forward-looking statements and involve factors, risks, anduncertainties that may cause actual results in future periods to differmaterially from such statements. The iMedicor portal enables disparate EMR (electronic medical record)systems to communicate, collaborate and exchange records in real time;pharmaceutical companies to deliver customized educational marketing programs tomore than 730,000 healthcare providers nationwide in a highly targeted,cost-effective and non-intrusive manner; and allows doctors, administrators andother qualified healthcare workers to send and receive medical records, filesand images. Theportal`s current depth of security, breadth of functionality, and itsapplication architecture are impressive," said Michael Islek. "I look forward tothe opportunity to contribute my expertise and help grow iMedicor`s capabilitieswith additional innovations to the portal that will advance today`s healthinformation technologies." About iMedicor, a Vemics Company:Vemics' iMedicor is the only HIPAA-compliant solution for interoperable healthinformation transfer that is offered at no cost to healthcare providers andpatients.

"I am proud to be joining iMedicor at this critical time of its development. Continuing to enhancing the portal`s security will raise iMedicor`s visibilityin all healthcare market sectors as the most advanced provider of secureinteroperability between disparate Electronic Medical Records Systems (EMR),capable of transporting on-line digital records between physicians and patients.iMedicor`s HIPAA-compliant, secure transport system provides the missing link inour nation`s move to a comprehensive, online digital records system and supportsthe Obama Administration`s mandate to convert medical records to the digitalformat by 2015. This technology is currently used by over four millionsubscribers, leading ISPs and ASPs, and hosting companies such as EarthLink, KPNTelephone and Prodigy Inabox was acquired by Register in 2000. Islek was a cofounder, of Inabox - a software and research developmentcompany - where he co-invented WebSiteNOW, a cutting-edge technology whichrapidly became one of the nation`s leading online website creation andpublication tools. Islek is Chief Executive Officer of Forward Technologies,Inc. (FTi), a technology research and development software company specializingin turnkey solutions, which he founded in 1989 Mr.