latest news releases from the newsroom
Mica Capital Partners LLC
EquityCast.com Posts its Performance Stocks List
SAN DIEGO, Feb. 4, 2003 (PRIMEZONE) -- The following is an investment opinion issued by Mica Capital Partners LLC: Providential Holdings Announces completion of its ClearPass' all new CP5000, for Corporate, Homeland and Airport Security. EquityCast.com posts Stock Performance Update. EquityCast.com is an independent investment website dedicated to providing individual investors with information on the equity markets in general. More information can be obtained by visiting the website, http://www.equitycast.com
Education Management Corporation
Education Management Corporation Reports Fiscal 2003 Second Quarter Financial Results
PITTSBURGH, Feb. 4, 2003 (PRIMEZONE) -- Education Management Corporation (Nasdaq:EDMC) today reported its financial results for the second quarter ended December 31, 2002. For the quarter, net revenues increased 35.3% to $175.1 million and net income grew 33.8% to $25.8 million, or 70 cents per diluted share. Robert Knutson, EDMC's Chairman and Chief Executive Officer, commented, "We're pleased to report our second quarter results, which were in line with our plans. Enrollment growth as of the start of the third quarter leads us to project continued strong operating results for the balance of the fiscal year."
Skandia: Financial Effects 2002
STOCKHOLM, Sweden, Feb. 4, 2003 (PRIMEZONE) -- Skandia's result is affected by various external factors, such as changes in the stock market and interest rates. Future revenues that are based on fund values increase or decrease as a result of these changes. In certain cases, decreases in fund values also affect the tax situation. Altogether these factors cause a one-time effect on the operating result. During the fourth quarter of 2002 the aggregate negative financial effect on the operating result outside the USA is estimated to be in the range of SEK 0.4 billion to SEK 0.6 billion.
Bure's Holding in Teleca
GOTHENBURG, Sweden, Feb. 4, 2003 (PRIMEZONE) -- Bure has sold 164,000 A shares in Teleca and currently owns 9,332,800 B shares, equivalent to 15.8 per cent of capital and 14.4 per cent of votes in Teleca.
Teleca Finalises Agreement Regarding the Major Components of Geoworks' U.K. Operation
MALMO, Sweden, Feb. 4, 2003 (PRIMEZONE) -- Teleca (Stockholm:TELCb) and Geoworks have entered into an agreement whereby 27 of Geoworks' U.K. staff will be allowed to transfer to Teleca from the February 1, 2003. Teleca will also acquire some assets and assume an office lease from Geoworks' U.K. subsidiary. Teleca has also reached agreements with customers to assume responsibility for Geoworks' projects. Teleca has agreed to pay Geoworks approximately USD 0.5 M.