latest news releases from the newsroom
Petroleum Geo-Services ASA
PGS Extraordinary General Meeting Completed
OSLO, Norway, April 28, 2006 (PRIMEZONE) -- Petroleum Geo-Services ASA ("PGS" or the "Company") (OSE:PGS) (NYSE:PGS) held an Extraordinary General Meeting on April 28, 2006 at the Company's premises at Lysaker. The Extraordinary General Meeting resolved to approve the demerger in accordance with the demerger plan as proposed in the Calling Notice for the Extraordinary General Meeting.
SmallCap Sentinel: Film Companies Broadening Libraries Via Acquisitions
IRVINE, Calif., April 28, 2006 (PRIMEZONE) -- "Companies with established distribution models are looking to broaden the scope of content streamed through their existing channels," said SmallCap Sentinel analyst D.R. Clark. "By adding more titles and intellectual property to their offerings, even smaller independent film and television companies can compete. In fact, their independent nature and perhaps even their corporate agility may allow them to profit in ways larger, more entrenched competitors cannot."
MorphoSys Reports First Quarter 2006 Results
MARTINSRIED, Germany, April 28, 2006 (PRIMEZONE) -- MorphoSys AG (Frankfurt:MOR) (Prime Standard Segment:TecDAX) today reported financial results according to IFRS for its first quarter ended March 31, 2006. Revenues increased by 100% to EUR 14.8 million, resulting in a record quarterly net profit of EUR 4.9 million, compared to a net profit of EUR 0.5 million in the previous year. MorphoSys's cash and equivalents amounted to EUR 43.5 million at the end of the first quarter 2006, compared to EUR 53.6 million at year-end 2005. The cash position at April 4, 2006, which included funds from the Company's successfully concluded financing on March 28th, 2006, amounted to EUR 60.6 million.