latest news releases from the newsroom
Sandvik Interim report, third quarter 2004
SANDVIKEN, Sweden, Nov. 05, 2004 (PRIMEZONE) -- "Sandvik's growth in the third quarter was strong. Order intake rose by 26% at fixed exchange rates for comparable units and profit after net financial items rose by 43% to SEK 1,577 M. Higher sales volumes, improved capacity utilization and rationalization measures resulted in an increase in earnings for all business areas.
AB Volvo announces share repurchase
GOTEBORG, Sweden, Nov. 5, 2004 (PRIMEZONE) -- Further to the decision taken by AB Volvo's Board of Directors on June 17, 2004, regarding repurchase of own shares, AB Volvo has, on Thursday November 4, acquired 300,000 series B shares. The shares were traded between SEK 270.50 and 274.50 with an average price of SEK 272.60.
GulfMark Offshore, Inc.
GulfMark Offshore Reports Third Quarter 2004 Results
HOUSTON, Nov. 4, 2004 (PRIMEZONE) -- GulfMark Offshore, Inc. (Nasdaq:GMRK) today reported a net loss for the third quarter of 2004 of $0.5 million or $0.03 per share (diluted) on revenues of $34.1 million. Reported results include the adverse effect of $4.3 million (tax effected), or $0.22 per share (diluted) from debt refinancing costs incurred in connection with the redemption of the Company's $130 million Senior Notes. Partially offsetting these costs was an income tax benefit resulting from the release of certain tax reserves relating to North Sea operations of $0.7 million, or $0.04 per share (diluted).
Dobson Communications Corporation
Dobson Communications Reports Third Quarter 2004 Results
OKLAHOMA CITY, Nov. 4, 2004 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) today reported a net loss applicable to common shareholders of $13.5 million, or $0.10 per share, for the third quarter ended September 30, 2004. This compares with a net loss applicable to common shareholders of $21.2 million, or $0.19 per share, for the third quarter of 2003, which included a $28.1 million loss from extinguishment of debt. (See Table 1.) In the second quarter of 2004, Dobson reported a net loss applicable to common shareholders of $15.9 million, or $0.12 per share.
Powerwave Technologies Announces Convertible Note Offering and Stock Buy Back
SANTA ANA, Calif., Nov. 4, 2004 (PRIMEZONE) -- Powerwave Technologies, Inc. (NASDAQ:PWAV) today announced that it intends to raise approximately $150 million through an offering of 20 year convertible notes (the "Notes") in a private offering for resale to qualified institutional buyers meeting the criteria contained in Rule 144A under the United States Securities Act of 1933 (the "Act"). Powerwave also intends to grant the initial purchaser an option to purchase up to an additional $50 million of Notes. Powerwave expects to use the net proceeds from the offering: (1) to fund the purchase of approximately $40 million of its common stock simultaneously with the issuance of the Notes and (2) to increase financial flexibility for possible future acquisitions and for general corporate purposes.
Rush Financial Technologies, Inc.
RushTrade Group Reports Customer Accounts Up 104%
DALLAS, Nov. 4, 2004 (PRIMEZONE) -- Rush Financial Technologies, Inc., dba RushTrade(r) Group, (OTCBB:RSHF) announced today its trade volume report for the month of October 2004. RushTrade Securities, Inc., the Company's broker/dealer subsidiary, reports continued growth in Customer Accounts, Trade Volume and Customer Account Assets.