latest news releases from the newsroom
Harwood Feffer LLP
Class Action Lawsuit Against King Pharmaceuticals Announced by Wechsler Harwood LLP -- KG
NEW YORK, April 10, 2003 (PRIMEZONE) -- A class action lawsuit has been filed in the United States District Court for the Eastern District of Tennessee, Northeastern Division at Greeneville, on behalf of purchasers of King Pharmaceuticals (NYSE:KG) publicly traded securities during the period between February 16, 2000 and March 10, 2003, inclusive (the "Class Period"). A copy of the complaint is available from the Court or can be viewed on the Wechsler Harwood web site at: www.whesq.com.
Telelogic Adjusts Operations to a Continued Soft Market Climate
MALMO, Sweden, April 10, 2003 (PRIMEZONE) -- Telelogic (Other OTC:TGIAF) (Stockholm Exchange: TLOG), the leading global provider of solutions for advanced systems and software development, today announced that it is continuing to experience a soft market due to the current global economic climate. In addition, the uncertainty caused by the situation in Iraq has further delayed customers' investment decisions. This has impacted Telelogic's revenues for the quarter ending March 31, which are expected to be in the range of 215-225 MSEK. A weaker dollar has also had a negative effect compared with the same period last year. Cost reductions continued during Q1 and earnings before taxes are expected to be between -25 to -30 MSEK.
Millicom International Cellular
Millicom International Cellular S.A. - Final Audited Results For The Year Ended December 31, 2002
NEW YORK, LONDON and BERTRANGE, Luxembourg, April 10, 2003 (PRIMEZONE) -- Millicom International Cellular S.A. (Nasdaq:MICC), the global telecommunications investor, today announces it has amended its accounting policy in relation to the revaluation of certain securities which are classified as "Investment in securities" in the balance sheet. Accordingly, as at December 31, 2002, the accumulated fair value adjustments related to certain Investment in securities (which had previously been recorded within the caption "Revaluation Reserve" within Shareholders' Equity) have now been charged to the Income Statement for the year ended December 31, 2002.
Harwood Feffer LLP
Class Action Lawsuit Commenced Against i2 Technologies, Inc. by Wechsler Harwood LLP -- ITWO
NEW YORK, April 10, 2003 (PRIEMZONE) -- A securities class action lawsuit was commenced in the United States District Court for Northern District of Texas, on behalf of all persons who purchased or acquired i2 Technologies, Inc. (Nasdaq:ITWO) ("i2" or the "Company") securities (the "Class") between April 18, 2000 and January 24, 2003, inclusive (the "Class Period"). A copy of the complaint is available from the Court or can be viewed on the Wechsler Harwood web site at: www.whesq.com.
Amersham Biosciences Simplifies DNA Preparation Process With Innovative Whole Genome Amplification Method
PISCATAWAY, N.J., April 10, 2003 (PRIMEZONE) -- Amersham Biosciences, the life sciences business of Amersham plc (LSE:AHM) (NYSE:AHM) (OSE:AHM), today announced the launch of GenomiPhi(TM) DNA Amplification Kit to simplify the DNA preparation process and enable high-quality DNA to be prepared from limited biological material. This innovative method has been validated with positive feedback from researchers worldwide for use in cancer research, population genetics, environmental studies, plant genomics, and molecular cloning.
Northrop Grumman Corp.
Space Technology Hall of Fame Inducts Northrop Grumman
REDONDO BEACH, Calif., April 10, 2003 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) has been inducted into the Space Technology Hall of Fame's "Class of 2003" for the development of a new class of integrated circuits originally designed to improve satellite communications, but which later enabled a new generation of cell phones and other wireless products.
Revised timetable for AvestaPolarit Degerfors Stainless
STOCKHOLM, April 10, 2003 (PRIMEZONE) -- AvestaPolarit has undertaken a review of the timetable for phasing out production of long products at its Degerfors Stainless unit. The closure of the melt shop, initially scheduled for the summer 2003, will be postponed to the end of September. As in the earlier plan the rolling mill will continue operation for a period after closure of the melting shop. No final date has been set for this; a firmer indication of the timing should be available by the end of June.
FindProfit.com Reviews "Five Under $5 Must-Own Stock" Holdings
PRINCETON, N.J., April 10, 2003 (PRIME ZONE) -- FindProfit (www.findprofit.com), an investment advisory service that delivered a +73% audited return in 2002, announced today that it has provided to trial and paid subscribers its latest investment research and analysis into its "Five Under $5 Stocks You Must Own Now!". Two of FindProfit's "Must-Own Under $5 Stocks" include Autobytel (Nasdaq:ABTL) and E-LOAN (Nasdaq:EELN).
Advanced Lighting Technologies, Inc
Advanced Lighting Technologies Announces APL Engineered Materials Awarded DARPA Funding
SOLON, Ohio, April 10, 2003 (PRIMEZONE) --Advanced Lighting Technologies, Inc. (OTCBB:ADLTQ) announced today that APL Engineered Materials, Inc., a wholly owned subsidiary of Advanced Lighting Technologies, Inc., has been awarded $2.7 million in funding over the next three years, from DARPA through the Army Aviation and Missile Command (AMCOM) to develop a new arc discharge light source for its High Efficiency Distributed Lighting ("HEDLight") project.