latest news releases from the newsroom
Competitive Technologies, Inc.
Competitive Technologies Receives Favorable Rulings in Fujitsu Litigation
FAIRFIELD, Conn., Dec. 4, 2002 (PRIMEZONE) -- Competitive Technologies, Inc. (AMEX:CTT) announced today that progress is being made in the case against Fujitsu for infringement of patents for plasma display technology. U.S. Magistrate Judge Joseph C. Spero, U.S. District Court for the Northern District of California, has issued an order favorable to the positioning of CTT and its client the University of Illinois. The Court ruled that Competitive Technologies, as requested, has been dismissed as a plaintiff "without prejudice" in the case; and, that Fujitsu's counterclaims 1-5, against CTT regarding patent validity, are dismissed, without prejudice, leaving in place counterclaims 6-13, a process challenge. CTT's client, the University of Illinois, continues to prosecute its suit against Fujitsu Limited of Tokyo, Japan and its subsidiaries (Fujitsu) to protect its intellectual property rights, and the interest and rights of the citizens of Illinois.
InternetStudios Announces Strategic Relationship and New Member to Advisory Board
SANTA MONICA, Calif., Dec. 4, 2002 (PRIMEZONE) -- InternetStudios (OTCBB:ISTO) announced today that it has reached an agreement in principle to acquire an interest in Horizon Entertainment Inc. and that the President of Horizon, Mr. Robert Straight, has agreed to join the InternetStudios Advisory Board. This strategic relationship with Horizon and Mr. Straight solidifies the Company's movement to integrate its online marketing presence with more traditional international film marketing activities.
Blyth, Inc. Reports Record 3rd Quarter Sales and Earnings
GREENWICH, Conn., Dec. 4, 2002 (PRIMEZONE) -- Blyth, Inc. (NYSE:BTH), a leader in the candles, home fragrance and giftware industry, reported today that third quarter Net Sales increased 16% to $362.2 million from $313.3 million for the third quarter of last year. Operating Profit increased 16% to $52.0 million for the third quarter compared to $45.0 million in the prior year period. Net Earnings for the third quarter were $30.5 million versus $25.9 million a year earlier, an increase of 18%. Diluted Net Earnings Per Share for the third quarter were $0.65 compared to $0.55 for the same period last year, an increase of 18%.