latest news releases from the newsroom
Telenor: PT Decision on Sense Prices
OSLO, Norway, Oct. 8, 2002 (PRIMEZONE) -- Telenor ASA (Nasdaq:TELN) has today received the decision from the Norwegian Post and Telecommunications Authority (PT) on the disputed pricing in the service provider agreement between Sense Communication International ASA and Telenor Mobil AS. This decision is in line with PTs announcement as of July 23 and concludes that Telenor Mobil's new price scheme for service providers "should be calculated to the effect that the total payment of volume excluding the cost of interconnection and roaming should be 25 per cent lower than the total payment based on the price scheme which applied during the period," (unoff. translation).
Ahold Clarifies Shareholders' Agreement with Scandinavian Partners
ZAANDAM, The Netherlands, Oct. 8, 2002 (PRIMEZONE) -- Ahold (NYSE:AHO) today issued the following statement reiterating and clarifying certain terms of its Shareholders' Agreement with its Scandinavian partners, ICA Forbundet and Canica: In April 2000, Ahold formed a joint venture with the ICA Group, the leading Scandinavian food retailer. Ahold holds a 50% interest in ICA Ahold Holding AB, in which all activities of the ICA Group have been brought together. The other shares in ICA Ahold Holding AB are held by the association of ICA retailers (ICA Forbundet, 30%) and the investment company of the Norwegian Hagen family (Canica, 20%).
Proha to Cooperate with Tesnet in Software Testing
HELSINKI, Finland, Oct. 8, 2002 (PRIMEZONE) -- Proha Plc and software testing company Tesnet Software Testing Europe B.V (Tesnet) agreed on cooperation in software testing in Finland and in the Nordic region. Tesnet will acquire a majority share of the Proha fully owned subsidiary, Inellitest International Oy, which will later be merged with the Tesnet Finland Oy. Proha will maintain a 35 per cent share in the merged company. The acquisition will not have any impact on the position of the Intellitest personnel. On mutual agreement, the value of the agreement is not released.
Murray, Frank & Sailer LLP
Attention Purchasers of Inktomi Corporation Securities: Rabin & Peckel LLP Commences Class Action Against Merrill Lynch & Co., Inc., Morgan Stanley Dean Witter & Co., Inc., Henry Blodget, and Mary Meeker Alleging Violations of Federal Securities Law -- INKT
NEW YORK, Oct. 7, 2002 (PRIMEZONE) -- A class action Complaint has been filed in the United States District Court for the Southern District of New York, on behalf of all persons or entities who purchased or otherwise acquired securities of Inktomi Corporation ("Inktomi") (Nasdaq:INKT) between June 10, 1998 and April 3, 2001, both dates inclusive (the "Class Period"). Merrill Lynch & Co., Inc., Morgan Stanley Dean Witter & Co., Inc., Henry Blodget, and Mary Meeker are named as defendants in the complaint.
Harwood Feffer LLP
Wechsler Harwood LLP Files Class Action Lawsuit Against Conseco, Inc. -- CNC, CNCE
NEW YORK, Oct. 7, 2002 (PRIMEZONE) -- The law firm of Wechsler Harwood LLP announces that a class action has been commenced in the United States District Court for the Southern District of Indiana on behalf all persons who purchased or acquired Conseco, Inc. ("Conseco" or the "Company") (NYSE:CNC) (OTCBB:CNCE) securities between the period of October 30, 2001 and July 15, 2002, inclusive (the "Class Period").
Trivalence Mining Corp.
Trivalence Mining Corporation: K14N Kimberlite Drilling Intersects Elevated Diamond Zones
VANCOUVER, B.C., Oct. 7, 2002 (PRIMEZONE) -- Trivalence Mining Corporation (TSX Venture Exchange:TMI) (OTCBB:TMIGF) is pleased to report diamond results from reverse circulation drilling carried out by its joint venture participant Rio Tinto Mining and Exploration Ltd. ("Rio Tinto") which is conducting exploration on the 1,012 sq. km. Aredor concession in Guinea, West Africa. Rio Tinto can earn up to a 58% interest in any kimberlite developed into a mine.
TranSwitch Conference Call to be Broadcast by Vcall Over the Internet
RICHMOND, Va., Oct. 7, 2002 (PRIMEZONE) -- TranSwitch Corporation (Nasdaq:TXCC) will broadcast its Third Quarter 2002 earnings Announcement on Wednesday, October 16, 2002 at 5:30 p.m. eastern time, Vcall, a Service of WILink, announced today. This call can be accessed at (703) 736-7293, passcode: 6241225, or via replay at (703) 925-2533, using passcode: 6241225, beginning at 8:30 p.m. eastern time.