latest news releases from the newsroom
Del Mar Database
Del Mar Database Unveils Strategic Customer-Focused Initiative at MBA 89th Annual Convention and Expo
CHICAGO, Oct. 21, 2002 (PRIMEZONE) -- Del Mar Database (DMD), a leading provider of mortgage banking software solutions for small to mid-size lending institutions, announced today at the MBA 89th Annual Convention and Expo in Chicago that it has added the twenty-fifth lender to its Key Club product steering committee. "Version 1.0 of DataTrac(r), our flagship product, was launched in 1996 in direct response to the needs of the mortgage banking community," said DMD CEO Jeb S. Spencer. "Over the years, we have continued to respond to our clients' requirements and feedback in developing our product suite. The natural outgrowth of that listening process was the formation of our customer-focused Key Club steering committee," added Spencer.
Law Offices Bernard M. Gross, P.C.
Law Offices Bernard M. Gross Announces the Pendency of Class Action Lawsuit on Behalf of Purchasers of Common Stock of Sears, Roebuck & Co. -- S
PHILADELPHIA, Oct. 21, 2002 (PRIMEZONE) -- Notice is hereby given that a class action lawsuit was filed on October 18, 2002, in the United States District Court for the Northern District of Illinois, on behalf of all persons and entities who purchased or otherwise acquired the common stock of Sears, Roebuck & Co. (NYSE:S)( "Sears" or the "Company"), between January 17, 2002 and October 17, 2002, inclusive (the "Class Period").
Parthus Technologies plc
Combination of Parthus and Ceva Irish High Court Approves Scheme of Arrangement; Date of Closing of Combination to be Announced
DUBLIN, Ireland and SANTA CLARA, Calif., Oct. 21, 2002 (PRIMEZONE) -- Parthus Technologies plc ("Parthus") (LSE:PRH) (Nasdaq:PRTH), DSP Group, Inc. ("DSPG") (Nasdaq:DSPG) and Ceva, Inc. ("Ceva") jointly announce that today the High Court of Ireland approved the scheme of arrangement, including the capital repayment, (the "Scheme") as set out in the notices included in the circular to shareholders and option holders dated September 2, 2002. Pursuant to the Scheme, Parthus and Ceva will combine to form ParthusCeva, Inc., and Parthus will distribute an aggregate capital repayment of $60 million to its existing shareholders.
Bong Implements Cost-Reduction Programme
KRISTIANSTAD, Sweden, Oct. 21, 2002 (PRIMEZONE) -- The Bong Group (Stockholm:BONG) is making a number of structural changes and cuts in its administrative personnel as part of its previously announced cost-reduction programme.
Old Mutual plc
Old Mutual's U.S. Asset Management Group Reports Assets Under Management for First Three Quarters of 2002
BOSTON, Oct. 21, 2002 (PRIMEZONE) -- The U.S. asset management group of Old Mutual plc (LSE:OML) (Other OTC:ODMTF) today announced results for its affiliated asset management firms for the nine months ended September 30, 2002. The group achieved strong relative performance overall, with assets under management declining 12.1% excluding divestitures and cash flow, compared to a 28.2% decline for the S&P 500 Index, a 39.9% decline for the NASDAQ Composite Index, a 23.2% decline for the Dow Jones Industrial Average, and a 8.6% gain for the Lehman Brothers Aggregate Bond Index. In addition, the firms in aggregate had net inflows of client assets of $2.6 billion, or 1.7% of 2001 yearend assets of $149.9 billion, and divestitures of nonstrategic firms accounted for a reduction of $12.1 billion or 8.1% of yearend assets. As of September 30, the group managed a total of $122.1 billion.
The New Alera Technologies 48x, CD Duplicator CD Copy Cruiser 48 Makes CD Copies at 'Light Speed' and Creates Custom Audio CDs Without a Computer
VAN NUYS, Calif., Oct. 21, 2002 (PRIMEZONE) -- Alera Technologies, developer and manufacturer of Advanced DVD and CD Recording Solutions, unveils its new CD Copy Cruiser 48(tm) 48x stand alone, desktop, one-to-one CD duplicator. The CD Copy Cruiser 48 includes all in one unit, a controller a CD-ROM and 48x CD-Recorder that can duplicate a typical 650MB CD in as few as 2 1/2 minutes or it can copy individual tracks from your music CDs creating "Favorite Hits" discs for your uncluttered listening pleasure.
Norske Skog: New Long-term Revolving Credit Facility
OXENOEN, Norway, Oct. 21, 2002 (PRIMEZONE) -- Today, Norske Skog signed a EUR 400 million long-term revolving credit facility agreement. The agreement is with a syndicate of respected domestic and foreign banks, and it replaces an existing credit facility that expires January 2004. The facility becomes part of the company's liquidity reserve, and is undrawn at signing.