latest news releases from the newsroom
Raytheon's Electronic Systems Division Standardizes on Telelogic Synergy
MALMO, Sweden, May 6, 2003 (PRIMEZONE) -- Telelogic (Other OTC:TGIAF) (Stockholm:TLOG), the leading global provider of solutions for advanced systems and software development, today announced that Raytheon Company's Network Centric Systems division has standardized on Telelogic Synergy and will use the industry-leading change and configuration management tool to achieve a higher software maturity level rating.
Xerox Selects Virage Webcasting to Launch New Office Market Strategy
SAN MATEO, Calif., May 6, 2003 (PRIMEZONE) -- Virage, Inc. (Nasdaq:VRGE) today announced that Xerox Corporation has selected Virage VS Webcasting(tm) for a series of webcasts launching its new market strategy. On April 30 in New York City, Anne Mulcahy, chairman and CEO of Xerox, announced the company's new strategy and hosted special guest speakers Michael Hammer and Esther Dyson. By simultaneously webcasting the event both live and on-demand, Xerox was able to reach hundreds of customers, employees, business partners, and press who could not attend the presentations in New York. The strategy presentation, the most significant of the year from Xerox, is available on-demand at http://vswebcasting.virage.com/xerox/office.htm. Virage is a leading provider of video and rich media software.
Paramco Financial Group, Inc.
Paramco Financial Group, Inc., Annuls Closing and Amends Closing Date For Acquisition Agreement of Woodlands S.A. Financial Services, Inc.
DENVER, May 6, 2003 (PRIMEZONE) -- Douglas G. Gregg, Chief Executive of Paramco Financial Group, Inc., (OTCBB:PFDE) announced today that it has annulled the previously announced closing of the acquisition of Woodlands S. A. Financial Services, Inc. ("Woodlands"). The closing of the acquisition has been postponed to a date not later than August 28, 2003. The reason for the annulment is that the audit of Woodlands' annual financial statements would not be completed in time for Paramco to file its quarterly report for its March 31, 2003, quarter.
Old Mutual plc
Old Mutual plc: Bright Capital
LONDON, United Kingdom, May 6, 2003 (PRIMEZONE) -- Old Mutual plc ('Old Mutual') (Other OTC:ODMTF) (LSE:OML) is pleased to announce the re-launch of its GNI Fund Management operation under the name Bright Capital, a fund of hedge funds manager, which aims to capitalise on the opportunities it has identified in broadening its alternative investment offer to an institutional audience.During the past 18 months Bright Capital has developed and consolidated its distinctive risk process, achieving risk control through a combination of transparency, liquidity and corporate governance.