latest news releases from the newsroom
Korea's Telson Licenses ParthusCeva's XpertTeak SoC For Cellular Handsets
SAN JOSE, Calif., and SEOUL, Korea, June 24, 2003 (PRIMEZONE) -- ParthusCeva, Inc. (Nasdaq:PCVA) (LSE:PCV) the leading licensor of digital signal processors (DSP) cores and platform-level Intellectual Property (IP) to the semiconductor industry, today announced that Telson Electronics Co., Ltd. (2735: KQ), a leading Korean developer and manufacturer of mobile multi-media phones for the world's leading handset suppliers, has licensed ParthusCeva's XpertTeak(TM) System-on-Chip (SoC) platform for the development of its 2.5G and 3G baseband modem solutions. Telson, which has a strategic ODM (Original Design Manufacturer) relationship with Nokia, will be targeting US and Chinese cellular handset manufacturers with these next generation wireless modem solutions.Telson has licensed the XpertTeak for its GSM / GPRS / W-CDMA modem solutions which will be offered in single, dual or single/dual modes. XpertTeak is a complete DSP sub-system, built around ParthusCeva's low-power, high-performance Teak DSP core, that integrates the complete range of system peripherals including memory sub-system, DMA, input/output devices, among others. Delivered as a pre-integrated DSP sub-system, XpertTeak provides Telson with significant cost, time-to-market and performance advantages over the more traditional approach of licensing a core without the associated sub-system peripherals already integrated. ParthusCeva is the world's number one licensor of DSP architectures to the semiconductor industry with two-thirds market share (Gartner-Dataquest 2003).
Scandinavian Airlines Intensifies Focus on Internet Sales
STOCKHOLM, Sweden, June 24, 2003 (PRIMEZONE) -- Scandinavian Airlines (Other OTC:SASDF), in cooperation with Amadeus, is offering travel agencies tools for Internet sales. The offering is aimed at travel agencies in Scandinavia that currently do not have their own solution for sales on the Internet.
Akzo Nobel Launches Breakthrough Product for Vehicle Repair Market
ARNHEM, The Netherlands, June 24, 2003 (PRIMEZONE) -- Akzo Nobel (Nasdaq:AKZOY) has introduced a unique, easy-to-apply waterborne clearcoat for the vehicle body refinish market. Based on Akzo Nobel's patented waterborne technology, Sikkens Autoclear(R) WB is the world's first waterborne refinish clearcoat to not only dry in just 35 minutes, but also appear white on the panel when first sprayed to make it easier for the painter to control coverage.
Options Employment Group Ltd. turns to ReadSoft for Automatic Data Capture
STOCKHOLM, Sweden, June 24, 2003 (PRIMEZONE) -- One of the U.K.'s leading employment agencies, Options Employment Group Ltd, recently announced its decision to invest in ReadSoft's technology for automatic document processing. The FORMS software will accelerate the data capture process to improve internal information flow & authorization cycles for the National based recruitment group. The installation is carried out in collaboration with U.S. based software development company, Hyland Software and the full investment amounts to over 1 MUSD. A substantial part of the investment goes into ReadSoft's licenses and services.
Telenor Purchases Remaining 25 per cent of Comincom-Combellga from Minority Shareholders
OSLO, Norway, June 24, 2003 (PRIMEZONE) -- Telenor (Nasdaq:TELN) has acquired the remaining shares held by the minority shareholders of Comincom-Combellga. Telenor paid US$120 million for a 75 per cent stake in Comincom-Combellga in 2000. With the purchase of the 25 per cent minority interest, Telenor assumes 100 per cent ownership of the company. Telenor has acquired the shares, held by private individuals and public organisations, for US$ 30 million. The Russian telecommunications market is experiencing rapid growth, and that is expected to continue in the foreseeable future. Comincom-Combellga provides voice and broadband services to corporate customers and is the third largest operator in Moscow.
Allied Irish Banks, p.l.c.
Allied Irish Banks, p.l.c. Purchase of Own Shares
DUBLIN, Ireland, June 24, 2003 (PRIMEZONE) -- Allied Irish Banks, p.l.c. ("AIB") (NYSE:AIB) announces that on June 23, 2003, it purchased 1,125,000 of its ordinary shares, at an average price of Euro 13.011, to be held as treasury shares.