latest news releases from the newsroom
Telenor: Tiscali Acquires Nextra Germany
OSLO, Norway, Dec. 13, 2001 (PRIMEZONE) -- Telenor Business Solutions (Nasdaq:TELN) has reached an agreement with Tiscali to transfer its Internet business for Germany, Nextra Deutschland GmbH & Co. KG and Nextra Deutschland Verwaltungs GmbH, to Tiscali Deutschland GmbH. The sale is according to a plan announced with Telenor's third quarter results in October this year. The transfer price is agreed to Euro 5 million and Nextra's operations will be integrated into Tiscali Business during Q1 2002. Nextra's Managing Director, Diethelm Siebuhr will become Managing Director of Tiscali Business.
Ahold Named U.S. Retailer of the Year
ZAANDAM, The Netherlands, Dec. 13, 2001 (PRIMEZONE) -- Ahold (NYSE:AHO), the food retail and foodservice company, has been named U.S. Mass Retailer of the Year. The recognition comes from the prominent American trade publication MMR, Mass Market Retailers. The award will be presented to the President and CEO Cees Van der Hoeven and his U.S. management team at a ceremony in New York City, January 16, 2002.
Intentia: Intentia's Offer to Tender 40 Percent of Subordinated Convertible Notes is Fully Subscribed
STOCKHOLM, Sweden, Dec. 13, 2001 (PRIMEZONE) -- Intentia International AB (publ) (XSSE:INT B) announced that holders of subordinated convertible notes ("the Notes"), equal to 97 percent of the total value of the Notes, have accepted the offer to convert up to 40 percent of the Notes into shares. The offer was oversubscribed, which means that a full 40 percent of the Notes will be converted. Thereby the proposed amendment to the terms of the remaining outstanding Notes will also be approved, as the majority required to approve these changes has been obtained. These amendments mean that the conversion price is reduced to SEK 130 and the maturity date is extended from July 15, 2004 to July 15, 2006. In addition, the Notes are provisionally callable by Intentia at anytime if the stock trades at 108% of the conversion price for 20 business days.
Neoware Steps Up to the Plate with Mizuno
KING OF PRUSSIA, Pa., Dec. 13, 2001 (PRIMEZONE) -- Neoware Systems, Inc. (Nasdaq:NWRE), the leading supplier of award-winning software, services and solutions for the emerging Appliance Computing market, today announced that Mizuno USA, Inc., the world's No. 1 manufacturer of sporting goods, has selected Neoware thin client appliances to upgrade the company's distribution and warehouse operations.
WJ Communications Announces a New Low-Cost FET for Receiver and Transmitter Applications
SAN JOSE, Calif., Dec. 13, 2001 (PRIMEZONE) -- WJ Communications, Inc. (Nasdaq:WJCI), a leading designer and supplier of high-performance radio frequency (RF) components for communications equipment manufacturers, today announced the availability of a low-cost high dynamic range Field Effect Transistor (FET), the FH101. The FH101 is packaged in a low-cost surface mount package. Low noise figure coupled with high output IP3 at the same bias point makes it ideal for receiver and transmitter applications.
Franklin Resources Group's Holdings in Metso
HELSINKI, Finland, Dec. 13, 2001 (PRIMEZONE) -- Metso Corporation (NYSE:MX) has been informed about the holding of the funds managed by Franklin Resources Group of the paid up share capital of Metso Corporation. The funds managed by Franklin Resources Group owned Metso's shares and ADR's December 10, 2001 as follows:
PIMCO Commercial Mortgage Securities
PIMCO Commercial Mortgage Securities Trust, Inc. Declares Monthly and Special Dividends
NEWPORT BEACH, Calif., Dec. 12, 2001 (PRIMEZONE) -- PIMCO Commercial Mortgage Securities Trust, Inc. (NYSE:PCM), a closed-end investment company investing primarily in commercial mortgage-backed securities, today declared dividends totaling 31.675 cents per share. This amount represents a regular monthly dividend of 9.375 cents per share of ordinary income, plus a special dividend in the amount of 22.3 cents per share. The Fund may declare annually a special dividend from ordinary income (if any) that has accumulated over the year in excess of the Fund's regular monthly distributions.