latest news releases from the newsroom
Adkins, Kelston, & Zavez, P.C.
The Law Firm of Adkins, Kelston & Zavez, P.C. Announces That It Is Investigating Securities Irregularities Involving Symbol Technologies, Inc. -- SBL
BOSTON, Feb. 28, 2002 (PRIMEZONE) -- The law firm of Adkins, Kelston & Zavez, P.C. announced today that shareholders of Symbol Technologies, Inc. (NYSE:SBL), a New York-based company best known as a producer of bar code scanners, may have claims against the company for violation of federal securities laws. According to a 13 February 2002 Newsday article citing sources close to the company, Symbol engaged in three questionable transactions which had the effect of increasing its reported revenues and profits: (1) taking a $10 million royalty payment from a dot com partner company in the third quarter of 2000, (2) using expenses associated with the acquisition of Telxon Corporation to mask declining sales and (3) recording $40 million in inventory as having been shipped in the first quarter of 2001 and then reversing the transaction in the second quarter of 2001.
Maxwell Technologies Reports Fourth Quarter and Year-End 2001 Results; Improving Operating Performance Expected to Continue in 2002
SAN DIEGO, Calif., Feb. 28, 2002 (PRIMEZONE) -- Maxwell Technologies, Inc. (Nasdaq:MXWL) today reported revenue from continuing operations of $15.4 million for its fourth quarter ended December 31, 2001 (Q401). That compares with revenue from continuing operations of $15.0 million for the previous quarter ended September 30, 2001 (Q301), and $23.4 million for the fourth quarter ended December 31, 2000 (Q400), excluding $4.0 million of revenue from the company's medical electronics business, which was sold in June 2001.
bTrade Supports ANSI ASC X12 Convergence Activity
IRVING, Texas, Feb. 28, 2002 (PRIMEZONE) -- During the February ANSI Accredited Standards Committee X12 Trimester meeting in Seattle, Washington, the standards organization formally created a task group focusing on convergence of the various extensible markup language (XML) activities currently being pursued by various trade associations and industry groups. bTrade, inc. strongly supports this effort and is actively soliciting the participation of its partners in this landmark effort to reduce chaos within the eBusiness community. "These efforts are significant in that they provide a framework to accelerate the velocity of cross-industry collaboration between legacy EDI environments and newer XML based solutions," says Bill Morgan, EVP & Chief Solutions Officer of bTrade, inc.