latest news releases from the newsroom
Song Networks Holding
Ministry of Justice, Finland chooses Song Networks for supplying its multi service network
STOCKHOLM, Sweden, Sept. 29, 2003 (PRIMEZONE) -- Song Networks Holding AB's (Other OTC:SONWF) (Stockholmsborsen:SONW) Finnish subsidiary Song Networks Oy has signed an agreement with the Ministry of Justice (Oikeusministerio) for delivering a multi-service network solution. The network solution will connect the Ministry of Justice's over 350 offices in Finland. The agreement extends over 5 years and has a value for Song Networks of approximately SEK 110 million.
Pyrosequencing implements new organization
UPPSALA, Sweden, Sept. 29, 2003 (PRIMEZONE) -- Pyrosequencing AB (Other OTC:PYRSF) (Stockholm:PYROA) today announced that, following the approval of the extraordinary shareholders' meeting of the acquisition of Personal Chemistry, the company will now start to implement a cost-savings program that is expected to generate annual cost synergies in the order of SEK 45-55 million. The first step is a new corporate structure, effective from October 1 when Hans Johansson starts as President, and a proposal of staff reduction of approximately 30 people out of which approximately 25 are based in Uppsala. The company has given notices and the unions have been informed.
ParthusCeva, Mentor Graphics and Accelerated Technology Announce Nucleus RTOS Support for Teak DSP Core
SAN JOSE, Calif., Sept. 29, 2003 (PRIMEZONE) -- ParthusCeva, Inc., (Nasdaq:PCVA) (LSE:PCV), the industry's leading licensor of Digital Signal Processor (DSP) cores and solutions, and Accelerated Technology(R), the Embedded Systems Division of Mentor Graphics Corporation (Nasdaq:MENT), today announced a version of the Nucleus(TM) Real-Time Operating System (RTOS) for embedded developers using ParthusCeva's Teak(R) DSP processor. The combination of the Nucleus RTOS for the Teak DSP core addresses the high-performance, high-volume needs of the multimedia and cellular markets by providing developers with a scalable and robust software solution on which to build embedded applications.The announcement between ParthusCeva and Accelerated Technology coincides with today's announcement of the release of a joint specification by ARM and ParthusCeva for an architecture covering the integration of ARM cores together with ParthusCeva DSP cores. This specification defines a standard method for connecting DSPs with an ARM core. The Nucleus RTOS supports both the ParthusCeva and ARM processor cores.
Trintech Group Plc
Trintech Launches New Statement Delivery Service, Enabling Streamlined Access to Critical Bank Data Through the Internet
DUBLIN, Ireland and DALLAS, Sept. 29, 2003 (PRIMEZONE) -- Trintech Group Plc (Nasdaq:TTPA) (Prime Standard: TTP), a leading provider of transaction management and payment infrastructure solutions, today announced the availability of its new Statement Delivery service for business access to commercial bank account data. With this new service offering, Trintech provides businesses with timely access to validated financial data that can reduce their exposure to fraud, maximize the use of their available funds and automate manual reconciliation processes. This new service further expands Trintech's range of funds management solutions.
Emerson Poynter LLP
Emerson Poynter LLP Announces Class Action Lawsuit Against Strong Financial Corporation Defendants and Canary on Behalf of Purchasers of Certain Strong Funds -- STMXX, SCSAX, SLGAX, SUEAX
HOUSTON, Sept. 28, 2003 (PRIMEZONE) -- Emerson Poynter LLP, a securities class action trial law firm, announced today that a class action lawsuit has been filed in United States District Court for the Southern District of NewYork, case number 03-CV-7438, on behalf of all persons or entities who purchased or otherwise acquired Strong Advisor Common Stock Fund (Nasdaq:SCSKX, STSAX, STCSX), Strong Advisor Small Cap Value Fund (Nasdaq:SMVBX, SMVCX, SSMVX) and other Strong Funds (the "Funds") owned and operated by Strong Financial Corporation, and its subsidiaries and affiliates, between October 1, 1998 and July 3, 2003, inclusive, (the "Class Period"). The complaint names Strong Financial Corporation, Strong Capital Management, Inc., and each of the Funds' registrants and issuers, Edward J. Stern, Canary Capital Partners, LLC, Canary Investment Management, LLC, Canary Capital Partners, Ltd, each of the Funds, and John Does 1-100.