latest news releases from the newsroom
Drott Retires Shares
STOCKHOLM, Sweden, May 29, 2002 (PRIMEZONE) -- The Annual General Meeting of Drott decided on April 24 to retire 9,273,474 repurchased shares. Furthermore, the AGM gave the Board of Directors a mandate to repurchase additional shares to the extent that the holding of Drott's own shares amounts to a maximum of 10 percent of the shares in the company.
Olicom Invests in Tpack A/S
COPENHAGEN, Denmark, May 29, 2002 (PRIMEZONE) -- Olicom A/S (OTCBB:OLCMF) ("Olicom" or "the Company") today announced that it has provided series A funding for Tpack A/S ("Tpack"), a fabless semiconductor company that develops and markets technology for intelligent data services for SONET/SDH transmission systems. The funding has been provided in syndication with Slottsbacken Funds, a Scandinavian venture capital fund managed by ACR Capital and InnFond P/S, a Danish early stage/seed capital investment fund. In addition, Tellabs, a provider of metro optical networking solutions and business connectivity services, will evaluate Tpack's technology in its optical transport equipment.
Telelogic Tau/Tester Selected as a Reference Tool by the 1394 Trade Association
MALMO, Sweden and IRVINE, Calif., May 29, 2002 (PRIMEZONE) -- Telelogic (Stockholm Exchange:TLOG), the leading global provider of solutions for advanced systems and software development, today announced that the 1394 Trade Association has selected Telelogic Tau/Tester as a reference tool. The 1394 Trade Association is a worldwide organization dedicated to the advancement of the IEEE 1394 multimedia standards. The organization plans to use Tau/Tester( to develop future test specification standards.
Pharmexa Receives Top Ranking in Danish Corporate Governance Award
HOERSHOLM, Denmark, May 29, 2002 (PRIMEZONE) -- The Danish Shareholders Association has announced the results of the Danish Corporate Governance Award 2002. The Award is based on 17 criteria around Corporate Governance and information policy in publicly traded Danish companies. Pharmexa ranks fifth, placing it among the highest ranked listed companies in Denmark. Among the 10 highest ranked companies, Pharmexa is by far the smallest company and one of just 3 companies not belonging to the KFX index. Pharmexa is the highest ranked member of the KVX index (the Danish growth index) in the survey.
Neoware Has the Complete Solution for Sartomer
KING OF PRUSSIA, Pa., May 29, 2002 (PRIMEZONE) -- Neoware Systems, Inc. (Nasdaq:NWRE), the leading supplier of award-winning software, services, and solutions for the Appliance Computing market, today announced the completed installation of Sartomer Company's server-based thin client appliance computing solution.
Gyros AB and Kratos Analytical Begin Development Collaboration
UPPSALA SCIENCE PARK, Sweden, May 29, 2002 (PRIMEZONE) -- Gyros AB today announced a collaboration agreement with Kratos Analytical to develop a microlaboratory for sample preparation prior to analysis by mass spectrometry to be based on the Gyros microfluidic technology platform. The microlaboratory will be compatible with the Axima-QIT(TM) and Axima-CFR(TM) line of mass spectrometry workstations from Kratos.
Old Mutual plc
Old Mutual Establishes Strategic Distribution Alliance with Nuveen Investments in Connection with Sale of NWQ Investment Management
LONDON, United Kingdom, May 29, 2002 (PRIMEZONE) -- The U.S. asset management group of Old Mutual plc (LSE:OML) today announced that the firm has reached agreement to sell NWQ Investment Management Company (NWQ) to John Nuveen Company (NYSE:JNC) and has established with Nuveen a strategic alliance through which Nuveen Investments will distribute selected capabilities of Old Mutual's asset management affiliates.The alliance, which has an initial term of five years extendable upon mutual consent, provides that Nuveen will give priority consideration to firms within Old Mutual's U.S. asset management group for third-party sub-advisory mandates initiated by Nuveen in connection with new or existing products. Nuveen's distribution platforms include products marketed under the Nuveen, Rittenhouse, and Symphony brands.