Releases - EFFNET

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2002

 

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Effnet enters Satellite Market with Comtech EF Data Deal

12/10/2002 10:17 AM EST
Stockholm, Sweden (December 10, 2002) Effnet Group AB announced that
Comtech EF Data Corporation, a subsidiary of Comtech Telecommunications
Corporation (NASDAQ: CMTL), has selected Effnet's CRTP (Compressed Real-
time Transport Protocol) and IPHC (IP Header Compression) products,
which improves the efficiency of transmitting Internet Protocol (IP)
traffic over wired and wireless...

Effnet expands effort in 3G market with Interdigital contract

11/21/2002 10:28 AM EST
Effnet expands effort in 3G market with
InterDigital Communications contract

Effnet, a leading provider of Header Compression technology for 3G
networks, announced that InterDigital Communications Corporation
(NASDAQ: IDCC) has selected Effnet's IPHC (IP Header Compression)
product for integration with InterDigital's FDD protocol stack product
in order to improve the efficiency...

Postitive signs for Effnets ROHC

11/14/2002 4:00 AM EST
Positive signs for Effnet's ROHC

Effnet recently participated in "ROHC in the City", the fourth ROHC
interoperability test together with Ericsson, Acticom, ICR and IRISA
hosted by Acticom in Berlin. After one week of intensive testing, it is
clear that Effnet's ROHC implementation is of very high standard.

Previous interoperability tests were: "ROHC Bay Cough" at Roke Manor

Interim Report Jan-Sept

11/1/2002 4:04 AM EST
Interim Report January-September 2002

* Sales during the period January - September amounted to SEK
3,480,000 (8,018,000).

* Operating loss improved to SEK -39,515,000 (-86,329,000) for
the nine-month period. The result after financial items amounted to SEK
-35,026,000 (-78,605,000). Since the revenue continues to be far below
expectations it resulted in a...

Effnet Group acquires Factum Electronics AB from Teracom

10/14/2002 12:50 PM EST
Effnet Group AB has today acquired Factum Electronics AB from Teracom.
Factum Electronics based in Linköping, Sweden, has been working with
DAB, digital radio since 1995 and NICAM, digital stereo sound for
television, since 1988. Factum has sold to customers within the
broadcasting and CATV industries in more than 30 countries around the
world.

"During the last years Factum has...

Effnet Group AB reduce the staff

10/4/2002 7:00 AM EST
The management and board of Effnet Group AB have in line with the
previously communicated program of cost reduction, decided to reduce the
staff by 15 people.

This will be implemented during the fourth quarter.

About Effnet
Effnet develops and sells embedded software that increases the
efficiency, speed and security of IP traffic on fixed and mobile
networks to...

Effnet issues profit warning

9/11/2002 6:06 AM EST
In light of postponed orders from customers, the board of directors and
new management of Effnet Group AB do not believe the company will
achieve its previously announced goal of positive monthly results during
the last quarter of the year. Consequently, the company will immediately
begin implementing cost-cutting measures.

"The market for the company's products continues to be weak....

Extraordinary general meeting of shareholders of Effnet Group AB

8/29/2002 12:43 PM EST
Extraordinary General Meeting of Shareholders of Effnet Group AB

Effnet Group AB has passed resolutions at the extraordinary general
meeting of shareholders held today, in accordance to the board of
directors' proposal, to reduce the Company's share premium reserve by
SEK 175 million. The resolution was conditional upon approval being
obtained by the court in accordance with the...

Extraordinary General Meeting of Shareholders of Effnet Group AB

8/14/2002 10:48 AM EST
The board of directors of Effnet Group AB has resolved to convene an
extraordinary general meeting of shareholders of the Company to be held
at 4 pm on Thursday, August 29, 2002 at the Company's offices in Bromma,
Sweden. The agenda of the Meeting shall include the board of directors'
proposal to reduce the Company's share premium reserve by SEK 175
million. The proposal is conditioned by...

Management changes at Effnet Group AB

8/9/2002 9:30 AM EST
Örjan Grinndal has decided to leave his post as CEO of Effnet Group AB.
Effnet board member Göran E Larsson will be appointed acting CEO.
Executive Vice President Marika Philipson has also chosen to leave the
company. Hans Runesten, also an Effnet board member, will be appointed
acting Executive Vice President. Both will assume their positions on
August 15.

"Effnet's current...