latest news releases from the newsroom
Saab Invests in Sectra's Tiger Phones
LINKOPING, Sweden, May 3, 2002 (PRIMEZONE) -- Saab AB has signed a framework agreement with Sectra for the eavesdrop-secure GSM Sectra Tiger(R) telephone. The agreement involves a volume of 100 Tiger phones with accessories.
PurchasePro Announces 1-for-5 Reverse Stock Split
LAS VEGAS, May 2, 2002 (PRIMEZONE) -- PurchasePro (Nasdaq:PPRO) today announced that its board of directors has approved a 1-for-5 reverse split of the company's common stock effective May 14, 2002 for shareholders of record on that date. The company said the action will reduce the number of its shares outstanding to approximately 17.6 million from about 88 million.
Occidental Petroleum Corp.
Occidental Petroleum Declares Dividend
LOS ANGELES, May 2, 2002 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) said today that its board of directors has declared a regular quarterly dividend of $.25 per share of common stock payable July 15, 2002, to stockholders of record on June 10, 2002.
Premedics Completes Massive Shopping Mall PAD Program Rollout
NASHVILLE, May 2, 2002 (PRIMEZONE) -- Premedics(tm) announced today it has completed a 51-mall roll out of a Public Access Defibrillation (PAD) program for CBL & Associates Properties, Inc. This pre-EMS program includes Automated External Defibrillators (AEDs), training and comprehensive program support services.
Oneida Ltd. to Announce First Quarter 2002 Results
ONEIDA, N.Y., May 2, 2002 (PRIMEZONE) -- Oneida Ltd. (NYSE:OCQ) will release its results for the first quarter ended April 27, 2002 after the market closes on Tuesday, May 14, 2002. Management will host a conference call with analysts and investors on Wednesday, May 15, 2002 at 9:00 a.m. ET to discuss the Company's results and operating performance for the first quarter of 2002. The conference call will be broadcast live over the Internet at www.oneida.com.
Murray, Frank & Sailer LLP
Rabin & Peckel LLP Commences Class Action Against Adelphia Communications Corporation and Certain of its Officers and Directors Alleging Violations of Federal Securities Law -- ADLAE
NEW YORK, May 2, 2002 (PRIMEZONE) -- A class action complaint has been filed in the United States District Court for the Eastern District of Pennsylvania, on behalf of all persons or entities who purchased Adelphia Communications Corporation ("Adelphia" or the "Company") common stock (Nasdaq:ADLAE) between March 30, 2000 and April 1, 2002, both dates inclusive (the "Class Period"). Adelphia, John F. Rigas, Timothy J. Rigas, James P. Rigas, Michael J. Rigas, James R. Brown, and Deloitte & Touche LLP are named as defendants in the action.
Dobson Communications Corporation
Dobson Communications Receives FCC Auction No. 35 Refund of $91.2 Million
OKLAHOMA CITY, May 2, 2002 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) today announced that the Federal Communications Commission has refunded to DCC PCS, Inc., a Dobson subsidiary, approximately $91.2 million of the subsidiary's approximately $109 million in payments related to its participation in FCC Auction No. 35 last year. DCC PCS was the high bidder on 14 licenses in the auction, but the licenses have not been awarded.