latest news releases from the newsroom
Tele2 is Ranked the World's Fourth Fastest Growing Publicly Traded Telecom/IT Company
NEW YORK and STOCKHOLM, Sweden, June 19, 2002 (PRIMEZONE) -- Stockholm Tele2 AB, ("Tele2", "the Group") (Nasdaq:TLTOA) (Nasdaq:TLTOB) and (Stockholmsborsen:TEL2A) (Stockholmsborsen:TEL2B), the leading alternative pan-European telecommunications company, today announces that Tele2 is the world's fourth fastest growing telecom/IT company, according to the well respected American business magazine, Business Week, in its yearly ranking of publicly traded telecom/IT companies, "The Information Technology 100."
Scribona Signs Cooperation Agreement with Oce
SOLNA, Sweden, June 19, 2002 (PRIMEZONE) -- Today Toshiba Document Solutions, part of the Scribona Group, and Oce in the Nordic region, a subsidiary of Oce Technologies N.V. (Netherlands), have signed an agreement to cooperate in the Nordic area to distribute and service multifunctional document solutions from Toshiba. According to the terms of the agreement, Toshiba Document Solutions and Oce will collaborate in eight regions in Sweden, Norway and Denmark. The two are already cooperating in two of these regions in Norway - in Stavanger and Bergen.
Holmen Buys Back Hydroelectric Power Assets for SEK 1.7 Billion
STOCKHOLM, Sweden, June 19, 2002 (PRIMEZONE) -- Holmen is to buy back hydroelectric power assets on the Umealven river with a capacity of 541 GWh for a total of just over SEK 1.7 billion. The transaction will be completed at the turn of the year 2002/03 following Holmen's decision to exercise its option to buy back the assets, which were sold in 1983 under a "partner-financing" arrangement.
Dimension Strengthens Action Program
BROMMA, Sweden, June 19, 2002 (PRIMEZONE) -- To adapt operations to the gradual deterioration in the market in the last quarter, Dimension's management has decided to strengthen the structural measures it began to implement in April. The new measures will reduce costs by an additional SEK 65 million on an annual basis, primarily through the termination of approximately 70 employees. At the same time, the organizational structure is being adapted in order to increase efficiency.
ASM International NV
ASM Ranked No. 1 in VLSI 10 BEST Award for Large Suppliers of Chip Making Equipment
BILTHOVEN, The Netherlands, June 18, 2002 (PRIMEZONE) -- ASM International N.V. (Nasdaq:ASMI) (Euronext Amsterdam:ASM) today announced that VLSI Research named ASM International as the number one Large Supplier of Chip Making Equipment in the 2002 Customer Satisfaction Survey on Chip Making Equipment. The Large Suppliers of Chip Making Equipment category, newly added in 2002, is a competition between the 15 largest chip making equipment suppliers as determined by sales across the entire industry irrespective of the type of semiconductor manufacturing equipment produced. Furthermore, VLSI identified ASM among the top five companies in two market segments: ASM ranked number four in Large Suppliers of Wafer Processing Equipment and number three in Assembly Equipment.
Murray, Frank & Sailer LLP
Rabin & Peckel LLP Commences Class Action Against Specialty Laboratories, Inc. Alleging Violations of Federal Securities Law -- SP
NEW YORK, June 18, 2002 (PRIMEZONE) -- A class action complaint has been filed in the United States District Court for the Central District of California, civil action number 02-CV-04771 FMC(JTLX), on behalf of all persons or entities who purchased Specialty Laboratories, Inc. ("Specialty Labs" or the "Company") securities (NYSE:SP) between December 8, 2000 and April 10, 2002, both dates inclusive (the "Class Period"). Specialty Laboratories, Inc., Paul F. Beyer, James B. Peter, Frank J. Spina, Richard E. Belluzzo, Deborah A. Estes, Douglas S. Harrington, William J. Nydam, Thomas R. Testman, Thomas E. England, Bart E. Thielen, and John W. Littleton are named as defendants in the action.
Competitive Technologies, Inc.
CTT Names McPike EVP
FAIRFIELD, Conn., June 18, 2002 (PRIMEZONE) -- Competitive Technologies (AMEX:CTT) announced that Frank R. McPike, Jr. has been named Executive Vice President effective today. He will retain his title of Chief Financial Officer and Treasurer, as well as his position as a director of the company. For the past three years, Mr. McPike served in multiple roles including President, CEO and CFO, as well as Treasurer. Yesterday, CTT named John B. Nano as President and CEO. Mr. McPike has served as a member of CTT's executive management since 1988.