| To: Tim Luke who started this subject | 2/1/2001 9:21:46 AM | | From: Ms. Baby Boomer | | | | Heads-up...NEWZ 3rd straight quarter profit
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NewsEdge Reports Q4 2000 Profit -- Third Straight Quarter of Sequential Operating Improvement Driven by Success of Content Solutions Business
Business Editors
NOTE: NEWZ management will conduct a conference call today at 11:00 a.m. (Eastern) to discuss the Company's Q4 2000/Year-end financial results. The dial-in number is 888/817-2206. The call will also be Webcast live at www.newsedge.com and www.streetevents.com
BURLINGTON, Mass.--(BUSINESS WIRE)--Feb. 1, 2001--NewsEdge Corporation (Nasdaq:NEWZ - news), a global provider of syndicated content services and electronic publishing technologies for business, today reported revenues of $18.0 million and a $139,000 net profit for the quarter ended December 31, 2000, compared to revenue of $18.7 million and a $7.5 million net loss in the year-ago quarter. Earnings per share were $0.01, compared to a per share loss of $0.43 in the 1999 fourth quarter.
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``Being able to deliver three consecutive quarters of revenue, operating income, and EPS growth without depleting our $19 million cash reserves or adding any debt to our balance sheet is very gratifying, and speaks strongly to the success of our Content Solutions strategy introduced earlier this year,'' said NewsEdge Chief Financial Officer Ron Benanto. ``Another key was our ability to improve margins, cut operating expenses and enhance operating efficiencies throughout the year, without impacting our development of a major new business.''
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| To: Tim Luke who started this subject | 5/3/2001 1:27:54 PM | | From: Ms. Baby Boomer | | | | Hmmm, AIG & NEWZ team up...got to luv their Elvis commercial <g>...
BTW, KPMG ipo did pretty good, imho....
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NewsEdge To Report 2001 First Quarter Results On May 9th and Host Conference Call and Webcast
BURLINGTON, MA., May 2, 2001 (BUSINESS WIRE) -- NewsEdge Corporation (Nasdaq: NEWZ chart, msgs), a global provider of syndicated content services and electronic publishing technologies for business, announced today that it will release its 2001 first quarter results before the market opens on Wednesday, May 9th. The Company will host a conference call and Webcast at 11:00 am (Eastern) on that date. Both the call and Webcast are open to the general public.
The conference call dial-in # is 212/346-0282 or 415/537-1865. The call leader is NewsEdge CEO Cliff Pollan, and the confirmation # is 18761024. Please call five minutes in advance to ensure that you are connected prior to the presentation. Questions and answers will be taken only from participants on the conference call. The conference call replay will be available for 24 hours following the completion of the call starting at 1:00 p.m. (Eastern) on May 9th. The replay dial-in # is 800/633-8284 or 858/812-6440 (international callers); the access code #18761024.
Interested parties may also access the live call via Webcast on the Internet at www.newsedge.com or on the Street Events site at www.streetevents.com. The Webcast will be archived on the NEWZ Website for 14 days following the call. |
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| To: Tim Luke who started this subject | 8/7/2001 1:44:47 PM | | From: Ms. Baby Boomer | | | | Hey...Thomson to buy NewsEdge in $43 million deal
(UPDATE: All figures U.S.)
Tuesday August 7, 9:15 am Eastern Time
TORONTO, Aug 7 (Reuters) - Canadian electronic publisher Thomson Corp. (Toronto:TOC.TO - news) said on Tuesday it will buy NewsEdge Corp. (NasdaqNM:NEWZ - news) in an all-cash deal worth $43 million that expands its position in the business news and corporate market segments.
Thomson said in a release a newly created subsidiary will pay $2.30 a share -- a 91 percent premium -- to buy all of the common shares of the U.S.-based company that disseminates news from thousands of sources.
The company said the deal, expected to close in the second half of the year, is contingent on tendering a majority of NewsEdge shares and other regulatory requirements. All of the company's directors, certain executive officers and a significant shareholder of NewsEdge have already pledged to tender their shares, it added.
Thomson said the offer will be followed by a back-end merger of the subsidiary, and that NewsEdge will continue to be run by its present management.
NewsEdge, which has traded in a 52-week range of 62.5 cents and $3.00 on Nasdaq, last traded on Monday at $1.20.
($1 equals $1.53 Canadian)
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