latest news releases from the newsroom
GN Store Nord
GN Store Nord: Q2/2002
COPENHAGEN, Denmark, Aug. 28, 2002 (PRIMEZONE) -- Q2 revenues and earnings are in line with GN's expectations. GN Netcom's headset sales to mobile market rose by 80% to DKK 63 million. GN ReSound's "Closing the Margin Gap" on track and Canta 2 launch strengthens position in digital market. NetTest's new CMA 5000 well received by market and demand for MasterQuest is increasing. AT&T Wireless places pilot order for field-testing on GPRS network. GN Magazine is outsee www.gn.com
Precise Biometrics AB
Precise Biometrics provides biometric software and hardware as MAXIMUS wins U.S. Treasury Security Smart Card Contract
LUND, Sweden, Aug. 28, 2002 (PRIMEZONE) -- Precise Biometrics AB (publ), developer and provider of worldleading and userfriendly biometric security solutions based on fingerprints, is providing the biometric software and hardware as MAXIMUS (NYSE:MMS) wins the U.S. Treasury Security Smart Card Contract. The contract includes design, development, and implementation of the U.S. Department of the Treasury's new Electronic Treasury Enterprise Card for employees.The initial order value for Precise Biometrics will be a minimum SEK 2.5 million, which will gradually become visible over the next six months.
Nordea Streamlines its Investment Management Organization
STOCKHOLM, Sweden, Aug. 28, 2002 (PRIMEZONE) -- To further increase efficiency and focus, Nordea Investment Management will concentrate management of all European, U.S. and global equity portfolios in one location (Copenhagen). At the same time, management of Norwegian equities will be centralized in Oslo. The EUR fixed income team -- a major focus area -- will be brought together in Copenhagen. Finally, the activities of the institutional sales office in Luxembourg will be moved to the existing office in Frankfurt.
Metso To Refocus Its Automation Business Strategy
HELSINKI, FINLAND, Aug. 28, 2002 (PRIMEZONE) -- Metso Corporation (NYSE:MX) will refocuse its automation business strategy. The emphasis will now be on the development of solutions for the entire life cycle of the customers' industrial processes in accordance with the Metso Future Care business concept. The automation business will concentrate on those areas of process industry where a global market leadership can be achieved, and where competitive advantage can be built on the strong market position of Metso's other business areas, thus better utilizing the internal synergy potential.
Blyth, Inc. Reports Record 2nd Quarter Sales and Earnings
GREENWICH, Conn., Aug. 28, 2002 (PRIMEZONE) -- Blyth, Inc. (NYSE:BTH), a leader in the candles, home fragrance and giftware industry, reported today that second quarter Net Sales increased 9% to $268.0 million from $245.6 million a year earlier. Operating Profit increased 51% to $33.7 million compared to $22.3 million in the prior year period. Net Earnings for the quarter were $18.8 million versus $12.9 million a year earlier, an increase of 46%. Diluted Net Earnings Per Share for the second quarter were $0.40 compared to $0.27 for the same period last year, an increase of 48%. Last year's results include an $0.08 Per Share charge related to a provision for U.S. mass channel inventory.
UTi Worldwide to Report Fiscal 2003 Second Quarter Results on September 4
RANCHO DOMINGUEZ, Calif., Aug. 28, 2002 (PRIMEZONE) -- UTi Worldwide Inc. (Nasdaq:UTIW) today announced that, prior to market open on Wednesday, September 4, 2002, the company will release financial results for its second quarter ended July 31, 2002. The company also said that it will host an investor conference call the same day at 8:00 a.m. PDT (11:00 a.m. EDT) to review the company's financials and operations for the quarter.
Capital Research Group, Inc
TheSUBWAY.com Announces Its Morning Stock Focus List for Wednesday, August 28, 2002: CPN, INTC, NT, PSFT, HRC
WESTON, Fla., Aug 28, 2002 (PRIMEZONE) -- TheSUBWAY.com announces the following Investment Opinions: