latest news releases from the newsroom
Leica Geosystems Holding AG
Leica Geosystems Meets Third Quarter Expectations (with link)
HEERBRUGG, Switzerland, Feb. 6, 2002 (PRIMEZONE) -- Leica Geosystems (SWX:LGSN) today announced its third quarter results for its Fiscal Year 2002. The Company reported that its results were squarely on target, with sales at CHF 196.6 million, representing a year-on-year growth of 19.2%. EBITDA for the quarter was also in line with the Company's guidance at CHF 25.8 million, slightly above prior year levels. The Company generated CHF 16.2 million in operating cash flow in quarter three and was able to further reduce its net borrowings down to CHF 239 million.
Olicom Reports Full-Year 2001 Financial Results (with link)
COPENHAGEN, Denmark, Feb. 6, 2002 (PRIMEZONE) -- For 2001, Olicom's (OTCBB:OLCMF) net result was a loss of DKK 10.4 million ($1.2 million). The result exclusive of the loss from affiliated companies was a profit of DKK 32.7 million ($3.9 million) which compares to the earlier announced expectation of a loss of approximately DKK 5 million ($0.6 million). The positive deviation is primarily caused by the recognition of the earlier announced claim for refund of customs duty in the amount of DKK 29 million ($3.4 million). The result from affiliated companies, which comprises Olicom's share in the operating result, amortization of goodwill and write-downs, amounted to a loss of DKK 43 million ($5 million).
Bulletin from Sapa AB's Extraordinary General Meeting
STOCKHOLM, Sweden, Feb. 6, 2002 (PRIMEZONE) -- Sapa AB's Extraordinary General Meeting in Stockholm approved the proposal from the Board to authorize the issue of maximum 750,000 stock options based on existing shares in the company. This offer is proposed to include about 60 key employees in Sapa. The offer will consist of a maximum of 40,000 options per person.
Telenor Licenses Patents for Video Over Internet and UMTS
OSLO, Norway, Feb. 6, 2002 (PRIMEZONE) -- As a result of research, Telenor (Nasdaq:TELN) has developed technology for effectively transferring video over different networks, such as the Internet and UMTS. This is a part of the multimedia standard MPEG-4. Together with a number of other global leaders in the field, Telenor has established a major international license programme for commercializing video coding patents in this standard. The license programme makes the technology available for suppliers who develop products based on the standard. This will enable a breakthrough in the market for video on demand.
Abbey Spanier Rodd & Abrams, LLP
Class Action Lawsuit Commenced on February 5, 2002 on Behalf of the Purchasers of PNC Financial Services Group, Inc. by Abbey Gardy, LLP -- PNC
NEW YORK, Feb. 6, 2002 (PRIMEZONE) -- A securities class action lawsuit was filed on February 5, 2002 on behalf of all persons who acquired PNC Financial Services Group, Inc. (NYSE:PNC) common stock between July 19, 2001 to January 29, 2002 inclusive (the "Class Period"). A copy of the complaint is available for the Court or from Abbey Gardy, LLP. Please contact Nancy Kaboolian, Esq. or Jennifer Haas by phone at (800) 889-3701 or by email at Nkaboolian@abbeygardy.com or Jhaas@abbeygardy.com.