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Merger with Dowslake Microsystems Corp. failed due to the rejection by plaintiffs
Merger with Dowslake Microsystems Corp. failed due to the rejection by plaintiffs
The district court Hamburg informed Pandatel AG that the time limit elapsed for accepting the settlement proposal submitted by court and, consequently, it was rejected by the suing plaintiffs. So, settlement efforts failed and court proceedings continue and will end in due course.
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Pandatel cuts loss by half
In the first half of 2006, revenues amounted to EUR 4.5m compared to EUR 5.9m in the first half of 2005. But, earnings before taxes improved from EUR minus 6.9m to EUR minus 3.5m. At 06/30/2006, liquidity, including short-term investments on hand, amounted to EUR 4.7m compared to EUR 7.9m at the ...
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Ad hoc Disclosure (24/08/2005): Pandatel extends its Management Board by appointing Thomas Becker as CFO year that ...
Hamburg, August 24, 2005. Pandatel AG (ISIN DE0006916307), listed on the Frankfurt Stock Exchange (Prime Standard) announces that by a resolution of its supervisory board Thomas Becker is appointed as CFO. Effective immediately, the management board of Pandatel AG is comprised of Dr.-Ing. Elke Jahn (COO), Dr.-Ing. Niraj Agrawal (CTO) and Thomas Becker (CFO).
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Ad hoc disclosure (March 02, 2005): Pandatel AG: Results of fiscal year 2004
Hamburg, March 02, 2005. Pandatel AG (ISIN DE0006916307) announces its preliminary results for the fiscal year that ended December 31, 2004. The company posted sales of nearly EUR 15m (2003: EUR 20.1m) in 2004, thereby slightly exceeding its forecast of EUR 14.5m (ad hoc disclosure dated October 07, 2004). Net loss for the year 2004 is approximately EUR -14.5m (2003: EUR -5.7m). Among other factors, the high loss is caused by one-time charges due to ...
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Press Release (November 12, 2004): Business of Pandatel AG affected by extensive reorganization measures in 2004
Pandatel’s Business has been under continuous pressure for the first nine months of the current fiscal year. Sales booked during the first nine months 2004 fell from € 14.4m in the previous period to € 11.1m.
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Ad hoc Disclosure (October 12, 2004): Pandatel continues restructuring measures by reducing its workforce
After extensive discussions, the management board and works' council of Pandatel AG have decided today to downsize Pandatel AG's workforce from 143 employees to 79 employees.
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Ad hoc Disclosure (October 07, 2004): Pandatel: Extended start-up phase affects revenues and earnings
In the course of preparing the nine-month report 2004, the management board of Pandatel AG, Hamburg, adjusted its previous revenues and earnings forecast ...
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Improved revenue outlook for H2 2004
Hamburg. Pandatel AG achieved worldwide revenues of EUR 7.4m (H1/2003: EUR 8.9m) in H1 of the current fiscal year. Compared to previous quarter's sales trend, the ...
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Pandatel: business development marked by strategic reorientation
Pandatel AG, Hamburg, has continued to focus on improving Sales and Development in H1 2004. Moreover, the acquisition of Lightmaze Solutions AG strongly enhance ...
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Pandatel: First quarter characterized by huge product offensive - project business is increasing
Pandatel AG, Hamburg, closed first quarter of FY 04 with € 3.1m in sales revenue. Compared to the previous year, turnover dropped by 20 % in the traditionally weak quarter in the network market.
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Pandatel presents the 2003 financial figures, which stand under the sign of investments in new products and ongoing pressure on prices
In financial 2003, Pandatel AG posted sales of EUR 20.1m, down 29% on the year.
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Pandatel: Sales pick up in Q3 - Squeeze on margins dents profits
In the first nine months of 2003, Pandatel booked sales of EUR 14.4m, down from EUR 22.7m in the year-before period.
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R&D capacities expanded further - customers’ continuing low propensity to invest will impact on net income for the year
Pandatel AG will for the immediate future be prioritizing products for optimizing existing networks. At present, many operators do not see any immediate need to replace existing networks with the latest technology.
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H1 sales in line with expectations - equity on the rise (August 12, 2003)
In H1 2003 Hamburg-based Pandatel AG booked sales of EUR 8.9m, as against EUR 15.2m one year earlier. Owing to the weak sales, the company reported a loss of EUR 2.4m, as compared with profit of EUR 0.7m 12 months before. The loss before tax came to EUR 3.6m, whereas H1 2002 closed with EBT of EUR 1.2m.
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Pandatel responds to structural market change and swiftly implements measures supporting its growth strategy – Q1 2003 not satisfactory (May 13, 2003)
Pandatel AG, based in Hamburg, witnessed an unusually quiet first quarter in 2003, with sales reaching EUR 3.8m, as compared with EUR 7.1m in the year-before period. Owing to the low level of demand, the Company posted a loss of EUR 1.3m, as against a profit of EUR 0.4m one year earlier. The main reasons for this unsatisfactory trend are postponed investments by network operators and the Company restructuring that has been necessary.
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Pandatel fulfills its revenue forecast: Group results weaker (March 17, 2003)
Pandatel AG concluded the past financial year with an adjusted net income of EUR 2.9 million, as against EUR 6.2 million in the previous year. The result suffered from the effects of one-off factors. As a result, for the first time ever the Group reported a net loss. However, the unsatisfactory earnings situation had no material impact on the soundness of the company’s balance sheet. In a difficult market, revenues of EUR 28.3 million (2001: EUR 30.6 million) slightly exceeded the revised revenue forecast of EUR 28 million.
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Pandatel a member of Prime Standard from the beginning: Frankfurt Stock Exchange admits equity as of January 1, 2003 (December 30, 2002)
Pandatel AG, which has been listed on the Neuer Markt segment of the Frankfurt stock exchange until now, will be included in the segment of the regulated market with additional follow-up duties (Prime Standard) from January 1, 2003.
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Pandatel revising full-year forecast for 2002 - well poised to benefit from rebounding markets(November 14, 2002)
It is necessary to adjust the full-year forecast in spite of the Company’s favorable performance in the first nine months. Thus, full-year revenues of EUR 28 million are now being projected for 2002.
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Heinrich-J. Kraus appointed new CEO of Pandatel AG (October 28, 2002)
Pandatel AG’s Supervisory Board appointed Heinrich-J. Kraus as the company’s new CEO as of November 1, 2002. He comes to Pandatel having served as CCO of Augusta Technologie AG.
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