latest news releases from the newsroom
Song Networks Holding
Restructuring of Song Networks Developing According to Plan
STOCKHOLM, Sweden, Jan. 10, 2003 (PRIMEZONE) -- Song Networks Holding AB (Other OTC:SONWF) (Stockholmsborsen:SONW) announces that the ongoing process of converting its bonds to new shares is developing according to plan. During the first conversion period bondholders representing 84 percent of the total outstanding bonds, issued by the wholly owned subsidiary Song Networks N.V, have turned in their bonds for exchange for new shares in Song Networks Holding AB.
ADVISORY -- Neoware Systems Quarterly Earnings Conference Call to Be Held on January 29, 2003 at 4:30 PM
KING OF PRUSSIA, Pa., Jan. 10, 2003 (PRIMEZONE) -- Neoware Systems (Nasdaq:NWRE), the leading supplier of award-winning software, services, and solutions for the Thin Client Appliance market, announced today that it intends to release earnings for its second quarter ended December 31, 2002 after the market closes on January 29, 2003.
Nordea: PAN -- Flagging
STOCKHOLM, Sweden, Jan. 10, 2003 (PRIMEZONE) -- Following the Extraordinary General Meeting of Pan Fish ASA today, Nordea (Other OTC:NRDAF) (Stockholm:NDA) will, through Nordea Bank Norge ASA, hold 1,147,391,155 shares in Pan Fish ASA. This is a result of conversion of approximately NOK 430m of debt to equity and subscription for new shares for the amount of approximately NOK 350m.
SKF Acquires U.S. Linear Motion Company
GOTEBORG, Sweden, Jan. 10, 2003 (PRIMEZONE) -- SKF (Nasdaq:SKFR) (LSE:SKFB) has acquired Twentieth Century Machine Co., TCM, a U.S. manufacturer of ground ball screws. The acquisition was effective December 31, 2002.
IMSK Preliminary Result 2002
OSLO, Norway, Jan. 10, 2003 (PRIMEZONE) -- The financial results in 2002 as in 2001 show another relatively good year for I.M. Skaugen ASA although the performance in the second half of 2002 was somewhat weaker. The overall result, as well as the present financial position of the company is considered acceptable by the Board during the present economic cyclical down turn. A dividend payment for 2002 of NOK 7.00 per share (NOK 7.50 in 2001), totalling USD 5.5 million, will be proposed at the Annual General Meeting on February 27.
Telenor Regrets PT Decision
FORNEBU, Norway, Jan. 10, 2003 (PRIMEZONE) -- Telenor Mobil regrets the decision from the Norwegian Post and Telecommunications Authority (PT) regarding the arbitration case between Telenor (Nasdaq:TELN) and Teletopia, which concerns access to connect an own SMS switch to Telenor Mobil's network. This represents a distinctively Norwegian price regulation of SMS-services. Telenor will consider filing a complaint to the Ministry of Communication over the decision.In the decision, PT determines a price of NOK 0.30 per SMS-message. Such a price determination would imply an indirect price regulation of SMS-messages. Telenor Mobil will maintain that a regulation of this nature is not founded on today's legal framework. It is a regulation that takes no precedence from other countries, and which may have far-reaching consequences for Telenor Mobil and the Norwegian mobile market.
Nocom Signs Expanded Contract with Telia for Host Computer Access
UPPSALA, Sweden, Jan. 10, 2003 (PRIMEZONE) -- Nocom AB (Stockholm:NOCMb) has signed an agreement with Telia (Other OTC:TLAAF) pertaining to software and services for host computer access. The agreement represents an expansion of previous collaboration and entails licenses, service and support for WRQ Reflection. The total value of the order is over SEK 2.5 million.