latest news releases from the newsroom
Wilhelm Sonesson has Begun Repurchase of Own Shares
LUND, Sweden, Aug. 20, 2002 (PRIMEZONE) -- On August 12, 2002, the Board of Wilh. Sonesson AB (publ) resolved, supported by the resolution of the Annual General Meeting on April 24, to acquire at most 1,000,000 of the company's own shares. Combined with shares repurchased previously, this brings the total number of repurchased shares (treasury stock) to approximately 5.2 percent of the total shares issued.
Stockmann: Interim Report, January 1 - June 30, 2002
HELSINKI, Finland, Aug. 20, 2002 (PRIMEZONE) -- The Stockmann Group's profit before extraordinary items improved substantially and was EUR 22.5 million (EUR 12.2 million in 2001), though sales diminished by 0.7 per cent and were EUR 740.3 million (EUR 745.5 million). Full-year sales are estimated to be about EUR 1.6 billion and profit before extraordinary items is set to improve markedly on 2001.
Posten Sverige: Municipalities Give 'Thumbs-Up' to ePostboxen
STOCKHOLM, Sweden, Aug. 20, 2002 (PRIMEZONE) -- Many of Sweden's local governments have given the thumbs-up to Posten's electronic infrastructure -- ePostboxen. Residents will now have the choice of receiving bills and bulk mailings from municipalities either electronically or by regular postal mail.
Anoto and MilCom Launch Paper-Based Services Enabling Anoto Functionality in Denmark
LUND, Sweden, Aug. 20, 2002 (PRIMEZONE) -- MilCom, one of the largest Danish distributors of mobile phones and mobile phone equipment, and Anoto collaborate to launch digital pen and paper-based services in the Danish market. Standardized services, emails and digital notes sent directly from a digital paper and new customized services such as digital paper with predefined email addresses will be launched in the second half 2002. In addition, MilCom will sell and distribute Anoto's Application Development Kit (ADK) and develop customized open services.
Telelogic Sells Off the Components Division
MALMO, Sweden, Aug. 20, 2002 (PRIMEZONE) -- Telelogic, (Other OTC:TGIAF) (Stockholm:TLOG), the leading global provider of solutions for advanced systems and software development, today announced that it has succesfully concluded the negotiations with a British partner to sell off Telelogic's Component Division. The agreement covers the IP rights, the customer base and the employees at the U.K. operations of the component business. The deal will during a 12 month period have a significantly positive impact on Telelogic's consultancy margins but has a marginal effect on the result for the current year.
Hexagon Acquires the Software Provider Xygent Inc.
NACKA STRAND, Sweden, Aug. 20, 2002 (PRIMEZONE) -- Hexagon Metrology, Hexagon's business unit within metrology, has acquired the remaining majority stake in the American software provider Xygent, Inc. from BNSCo, Inc. Subsequent to the transaction Xygent will be fully owned by Hexagon. The company will be consolidated as of August 21, 2002.
Head N.V. Announces Share Purchase
ROTTERDAM, The Netherlands, Aug. 20, 2002 (PRIMEZONE) -- Head N.V. (NYSE:HED) (VSX: HEAD), a leading global manufacturer and marketer of sports equipment, announced today that it has purchased 5,600 of its shares. Details of this buy back have been posted to our website. Pursuant to existing resolutions the Board of Management is authorized to buy back up to 10% of its outstanding share capital over the next 15 months.