Archive for the ‘New Economy’ Category

The Business of Learning

With technology rampantly destroying old skills and creating new ones, success in the future –the near-future – will require continuous education. The Web, it is said, is the best tool for the job. And this is where South African company eDegree thinks the smart money is.

Rich in Cash and Prestige, UNext Struggles in Its Search for Sales

Provider of online business courses cuts costs and expands its offerings to try to find its niche

Virtual Communities’ value slashed

J.B.Were offshoot Amcil has substantially written down its $2.28 million investment in Virtual Communities, the computer company backed by the Packer family, Richard Pratt, St George Bank and the ACTU.

Cyber cafes no longer cool hangouts

THE hitherto unorganised cyber cafe market could be in for consolidation. Four major branded cyber cafe networks are planning to increase their marketshare in the public internet access market.

Pearson Reports Strong Start to the Year

At their annual general meeting, Lord Stevenson, chairman of Pearson plc (NYSE: PSO), reported that the company is trading well and looking forward to another successful year. Lord Stevenson said: “By reshaping our strategy and business operations over the past few years, we have created a more international company operating in faster growing markets. We […]

Sylvan Learning Systems, Inc. Reports Strong First Quarter Results

BALTIMORE–April 26, 2001– Sylvan Learning Systems, Inc. (NASDAQ: SLVN) today announced financial results for the quarter ended March 31, 2001. Recent Financial and Business Highlights First quarter 2001 EPS from continuing operations, excluding Sylvan Ventures, were $0.10 per share compared to $0.07 per share for the same quarter in 2000. These results were $0.02 per […]

Beijing University Secures a Strategic Stake in SOHU.COM

Beijing, CHINA – Leading Chinese Internet portal SOHU.COM (Nasdaq:SOHU) announced that Hong Kong Beida Jade Bird Science and Technology Ltd, a subsidiary of the Beijing University Jade Bird Group, has become a strategic investor in SOHU.COM, holding an equity position of 8.63%. On April 23, 2001, the Jade Bird Group filed Schedule 13D with the […]

DigitalThink Announces Record Revenues for Fourth Quarter of Fiscal 2001

SAN FRANCISCO — DigitalThink, Inc. (Nasdaq:DTHK), the leading provider of business-to-business e-learning solutions to Fortune 1000 companies, today announced record revenues for its fourth quarter and the fiscal year ended March 31, 2001. Revenues for the fourth quarter of fiscal 2001 were $12.8 million compared with $4.3 million for the same period last year, an […]

SSGI Discloses Record Backlog; Company Secures Private Funding to Increase E-Learning Services Organization

ANNAPOLIS, Md. — Strategic Solutions Group, Inc. (OTC Bulletin Board: SSGI – news), a leading services provider of technology-based training and just-in-time information applications for the manufacturing market, today announced that it has a record backlog of contracts to provide services valued in excess of $1.5 million. Additionally, the Company obtained $350,000 from three insiders […]

eKnowledge Group, Inc. Secures Bridge Financing and Equity Investments of $6 Million Dollars

CORONA, Calif.–(BUSINESS WIRE)–April 22, 2001–eKnowledge Group Inc. (OTCBB:EKNO – news), a leading provider of interactive video based training and education over the Internet and on CD-ROM, announced that it has secured bridge financing from Newcity Group in order to increase the operational facility of its growing office while the committed equity investment of $6,000,000 is […]