latest news releases from the newsroom
Telenor Satellite Services to be Acquired by Apax Partners
FORNEBU, Norway and PARIS, Oct. 26, 2006 (PRIMEZONE) -- On Wednesday October 25 2006, Telenor entered into a definitive agreement with Apax Partners France for the sale of Telenor Satellite Services (TSS) to funds managed by Apax Partners for a cash consideration of US$400 million (NOK 2,640 million). Since 2002 Telenor has defined Telenor Satellite Services as non-core business. Apax Partners intends to pursue the development of the company in Norway and abroad.
Hugin Ad Hoc Announcement According to Section 15 WpHG: Misc. Strategic Decisions: Epigenomics AG: Focus on Late Stage Product Development
BERLIN and SEATTLE, Oct. 26, 2006 (PRIMEZONE) -- Epigenomics AG (Frankfurt:ECX), a German listed biotech company focusing on molecular diagnostics, today announced that it has completed an internal review of current operations in the context of its defined business strategy. To maximize its future growth potential and to enforce financial discipline, Epigenomics will focus its product development efforts entirely on later-stage programs in oncology, which are the company's key value drivers and greatest commercial opportunities. The partnership with Roche Diagnostics will not be affected by this measure. New clinical data from the colorectal and prostate cancer screening programs of this collaboration are expected in December as planned.
Telenor ASA -- Third Quarter 2006: Continued Strong Growth in Revenues and Profits
FORNEBU, Norway, Oct. 26, 2006 (PRIMEZONE) -- In the third quarter of 2006, Telenor's revenues increased by 35 per cent compared to the third quarter of 2005, reaching NOK 23.9 billion. The underlying revenue growth was 12 per cent. The reported EBITDA was NOK 9.1 billion while profit before taxes was NOK 6.1 billion. During the quarter, the total number of mobile subscriptions increased by nine million, reaching 105 million.
Waste Management Employees in Irvine Vote to Approve Contract
IRVINE, Calif., Oct. 25, 2006 (PRIMEZONE) -- Waste Management of Orange County today released the following statement after its employees in Irvine voted on Wednesday to accept the company's proposed five-year contract as a successor agreement to the contract that expired Sept. 30. This is the same offer the company's Santa Ana employees voted to accept last week. Waste Management's employees at both its Irvine and Santa Ana operations are members of Teamsters Local 396.
Power Integrations, Inc.
Power Integrations to Host Quarterly Conference Call on November 2
SAN JOSE, Calif., Oct. 25, 2006 (PRIMEZONE) -- Power Integrations (Pink Sheets:POWI), the leader in high-voltage analog integrated circuits for power conversion, today announced that it intends to release selected financial information for the third quarter of 2006 and host a conference call for members of the investment community on November 2, 2006 at 1:30 pm Pacific time.
Advisory: McDATA Showcases Application Services Module at SNW
BROOMFIELD, Colo., Oct. 25, 2006 (PRIMEZONE) -- McDATA Corporation (Nasdaq:MCDTA) (Nasdaq:MCDT) will demonstrate its Application Services Module (ASM) at next week's Storage Networking World conference in Orlando, FL. McDATA ASMs are standalone modules, designed with an open application program interface (API), so that McDATA can team with OEMs and other partners to deliver advanced services to existing fabrics, quickly, non-disruptively and without any SAN hardware replacement requirements.
Kahn Swick & Foti, LLC
KGS Announces Investigation Into Fairness of Management Led Buyout Offer for Universal American Financial Corp.
NEW ORLEANS, Oct. 25, 2006 (PRIMEZONE) -- Kahn Gauthier Swick, LLC announces that it has commenced an investigation following news that the Board of Directors of Universal American Financial Corp. (Nasdaq:UHCO) has received a buyout offer from a group of private equity investors, led by Richard A. Barasch, Universal American's Chairman and Chief Executive Officer, and including Capital Z Partners, Ltd., Lee Equity Partners, LLC, Perry Capital, LLC and Welsh, Carson, Anderson & Stowe X, L.P. to acquire all of Universal American's publicly held common stock for $18.15 per share in cash.
W2 Energy Inc.
W2 Energy Inc. Files Form 10-SB
NEW YORK, Oct. 25, 2006 (PRIMEZONE) -- W2 Energy Inc. (Pink Sheets:WWEN) a developer of green energy, is pleased to announce it has filed its Form 10 with the Securities and Exchange Commission. The management of the company made the decision to go back to a Form 10 rather than the SB-2 registration as a result of the current share price. Mr. Michael McLaren states, "The management and the board of the W2 Energy feel the current share price is too low to authorize an SB-2 registration of shares. The company has the financial resources near term to continue the execution of its business plan and management decided not to incur unnecessary dilution to the shareholders at this time."