latest news releases from the newsroom
StreamServe Svenska AB
Denmark's Leading Telecommunications Company Invests in StreamServe
STOCKHOLM, Sweden, Sept. 16, 2002 (PRIMEZONE) -- Denmark's leading telecommunications company Tele Danmark (TDC) is investing approximately 10 million kronor in a deal with StreamServe to provide a licence, services, maintenance and support package. TDC will use StreamServe's Business Communication Platform for all of its electronic services in several business areas. The contract is part of Tele Danmark's strategy for investing in the electronic distribution of invoices, order confirmations, and correspondence. The information flow for millions of TDC's subscribers will be managed by the platform.
Murray, Frank & Sailer LLP
Rabin & Peckel LLP Commences Class Action Against HealthSouth Corporation and Certain Officers and Directors Alleging Violations of Federal Securities Law -- HRC
NEW YORK, Sept. 13, 2002 (PRIMEZONE) -- A class action complaint has been filed in the United States District Court for the Northern District of Alabama, on behalf of all persons or entities who purchased or otherwise acquired securities of HealthSouth Corporation ("HealthSouth" or the "Company") (NYSE:HRC) between January 14, 2002 and August 27, 2002, both dates inclusive (the "Class Period"). HealthSouth, Richard M. Scrushy, William Owens, George Strong, and Weston L. Smith are named as defendants in the complaint.
Murray, Frank & Sailer LLP
Rabin & Peckel LLP Commences Class Action Against Morgan Stanley Dean Witter & Co. Alleging Violations of Federal Securities Law -- TEKAX, TEKBX, TEKCX, TEKDX
NEW YORK, Sept. 13, 2002 (PRIMEZONE) -- A class action Complaint has been filed in the United States District Court for the Southern District of New York, civil action number 02-CV-7362, on behalf of all persons or entities who purchased or otherwise acquired securities in any/or every class of Morgan Stanley Technology Fund (formerly known as the Morgan Stanley Dean Witter Technology Fund) (the "Fund") (Nasdaq:TEKAX) (Nasdaq:TEKBX) (Nasdaq:TEKCX) (Nasdaq:TEKDX) from the public offering of the Fund on September 25, 2000 through July 31, 2002, inclusive (the "Class Period").
CORRECTION: Internet Growth Fund Announces Changes
NEW YORK, Sept. 13, 2002 (PRIMEZONE) -- Internet Growth Fund, Inc. (AMEX:FND) today announced that its Board of Directors had determined to rescind and eliminate the intention, as described in the Fund's prospectus dated October 26, 1999, to consider from time to time repurchases of the Fund's common stock on the open market when the shares are trading at a discount from net asset value and to consider, from time to time, but not more frequently than once every two years, making an offer to each shareholder of record to purchase at net asset value shares of common stock owned by the shareholder. The Fund further announced that the Board of Directors had determined also to eliminate all current non-fundamental investment policies and restrictions of the Fund, except for the non-fundamental investment policy that so long as the word "internet" is included in its name, the Fund will under normal market conditions seek to achieve its investment objective by investing 80% of its total assets in companies that directly or indirectly support, utilize, deal or market over, connect through, benefit by, or are otherwise involved in the Internet. Both actions of the Board become effective in 30 days.
Reverse Stock Split of Artemis International Solutions Corporation Shares
HELSINKI, Sept. 13, 2002 (PRIMEZONE) -- The Board of Directors of Artemis International Solutions Corporation (OTCBB:AISC), sub-group of Proha Plc, has approved a proposal to effect a reverse stock split of shares of the Company's outstanding common stock at a ratio of one share of common stock for every ten, 11, 12 or any whole number of shares thereafter up to and including 100.