Companies news of 2006-04-01 (page 1)

  • Class Action Against Nokia Dismissed in its EntiretyUS Judge Denies Plaintiffs the...
  • 'UCLA' Wins it AllFirst-Ever Pontiac Virtual NCAA(R) Final Four(R) Predicts Winners
  • Bon Jovi/Habitat for Humanity Partnership Grows to Six Homes With New Donation From...
  • GenCorp Announces Preliminary Results of Annual Shareholder Meeting



    Class Action Against Nokia Dismissed in its EntiretyUS Judge Denies Plaintiffs the Opportunity to File a Second or Amended Complaint

    NEW YORK, April 1 /PRNewswire-FirstCall/ -- On March 31, 2006, Judge Kenneth M. Karas of the United States District Court for the Southern District of New York granted Nokia Corporation's Motion to Dismiss all claims made in the class action securities litigation filed against Nokia Corporation and several of its executives in April 2004.

    Judge Karas dismissed with prejudice each and every claim against Nokia Corporation and the individual defendants.

    In a 77-page opinion, Judge Karas carefully reviewed each of the plaintiffs' allegations and found none of them to be substantiated by fact. By dismissing the claims with prejudice, Judge Karas has denied the plaintiffs the opportunity to raise them again. In addition, he has denied the plaintiffs the right to file an amended complaint, finding that continued pursuit of the case would be futile.

    Nokia is very pleased with the decision, as the company has not at any stage of the case believed there to be any merit to the plaintiffs' allegations. The judge's decision clearly affirms this belief.

    About Nokia

    Nokia is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices and solutions for imaging, games, media and businesses. Nokia provides equipment, solutions and services for network operators and corporations.

    http://www.nokia.com/

    Nokia

    CONTACT: Media Enquiries: Nokia, Communications, Tel. +358-7180-34495
    or +358-7180-34900, Email: press.office@nokia.com, Investor Enquiries:
    Investor Relations Europe, Tel. +358-7180-34289, Investor Relations US, Tel.
    +1-914-368-0555




    'UCLA' Wins it AllFirst-Ever Pontiac Virtual NCAA(R) Final Four(R) Predicts Winners

    INDIANAPOLIS, March 31 /PRNewswire-FirstCall/ -- In front of a live crowd of NCAA basketball fans here at Hoop City, "UCLA" took out "Florida" in the Pontiac Virtual NCAA(R) Final 4(R) (PVNF4) tonight. The final event in this nationwide videogaming tournament, powered by the game College Hoops 2K6, mirrored every match-up of the live NCAA tournament.

    The PVNF4, drawing hundreds of videogame players to the virtual hardwood from around the country, may be a solid predictor for the actual NCAA Final Four tournament, having already predicted some of the NCAA tournaments most surprising upsets. The PVNF4 successfully predicted 70% of real-life NCAA tournament upsets. All virtual tournament information is available at http://www.ncaasports.com/Pontiac.

    The four finalists from the virtual tournament won a trip to Indianapolis to represent the Final Four teams: University of Florida, George Mason, LSU and UCLA. Kicking off on center court tonight in head-to-head match ups were "George Mason" vs. "Florida" and "LSU" battling "UCLA" simultaneously. "UCLA" and "Florida" went on to play for the Championship title. "UCLA," making 78 percent of its points in the paint, reigned victorious, beating "Florida" in the final 30 seconds with a five-point differential. Player Jeremy Griswold, 25, from Canton, Ga., led his virtual UCLA team to victory, taking home tickets to the NCAA finals, as well as a Microsoft Xbox 360 and a videogame library from 2K Sports, the developer of College Hoops 2K6.

    "The Pontiac Virtual NCAA(R) Final 4(R) tournament is only one element of Pontiac's involvement with the NCAA tournament this year," said Pontiac's advertising manager Dino Bernacchi. "We are proud to bring this event to the fans and to offer Game Changing experiences and content to people who are passionate about gaming and the NCAA."

    Pontiac's gaming agency, Play, a division of Denuo, handled creative concepting and execution with 2K Sports to develop the virtual tournament program. GM Planworks, Jack Morton and Leo Burnett Detroit also collaborated on the program.

    About Pontiac

    Pontiac is a division of General Motors Corporation and markets the G6 sedan and coupe, GTO, Grand Prix, Vibe, Montana SV6, Solstice roadster and Torrent compact SUV. In early 2006, Pontiac will introduce the G6 retractable hardtop convertible followed later in the year by the turbo- charged Solstice GXP. Pontiac sold more than 437,000 vehicles in 2005, ranking third among GM divisions in total sales. More information on Pontiac and its products can be found on the division's website at http://www.pontiac.com/, and in Spanish at http://www.pontiac.com/espanol.

    About 2K Sports and Take-Two Interactive Software, Inc.

    Headquartered in New York City, Take-Two Interactive Software, Inc. is an integrated global developer, marketer, distributor and publisher of interactive entertainment software games and accessories for the PC, PlayStation(R) game console, PlayStation(R)2 computer entertainment system, PSP(TM) (PlayStation(R)Portable) system, Xbox(R) video game and entertainment system from Microsoft, Xbox 360(TM) video game and entertainment system from Microsoft, Nintendo GameCube(TM), Nintendo DS(TM) and Game Boy(R) Advance. For more corporate and product information please visit our website at http://www.take2games.com/.

    About Play/Denuo

    A futures practice that anticipates and responds to trends in digital, interactive and evolving traditional marketing disciplines, Denuo is the newest offering from Publicis Groupe. Part strategic consultant, inventor of marketing solutions and investor in new ventures, Denuo navigates the chasm between creative and media with powerful communication ideas and platforms that examine every consumer touchpoint. For more information, log on to http://www.denuogroup.com/.

    General Motors Corporation

    CONTACT: Jim Hopson for General Motors Corporation, +1-313-667-4124

    Web site: http://www.ncaasports.com/Pontiac
    http://www.pontiac.com/
    http://www.pontiac.com/espanol
    http://www.take2games.com/
    http://www.denuogroup.com/




    Bon Jovi/Habitat for Humanity Partnership Grows to Six Homes With New Donation From SprintJon Bon Jovi, Habitat, Sprint & families join at Philadelphia Soul home-game to celebrate upcoming completion of construction

    PHILADELPHIA, March 31 /PRNewswire/ -- Jon Bon Jovi and Habitat for Humanity gave a heart-warming update on the status of their partnership that began in June '05, broke ground last October, and will build homes in Philadelphia through Summer '06 thanks to a newly announced donation from Sprint in partnership with Jon Bon Jovi and the Philadelphia Soul.

    (Photo: http://www.newscom.com/cgi-bin/prnh/20060331/CLF074 ) (Logo: http://www.newscom.com/cgi-bin/prnh/20050501/NYSU020LOGO )

    Last October, Bon Jovi, Habitat, Philadelphia Soul team members, local volunteers and families, and corporate sponsors (Comcast, SAP, Sprint, and The Strober Organization) gathered on a build site in Philly to formally announce a partnership to build two duplexes (four homes). The site also served as the location for Bon Jovi's music video for "Who Says You Can't Go Home," which highlights the efforts of Habitat families and local volunteers whose work continues. The video is now in top rotation on VH1, CMT, and GAC and emphasizes the band's support for Habitat for Humanity and its core mission of eliminating poverty housing.

    During halftime, Jon Bon Jovi and Habitat representatives revealed that House 1 is expected be complete in Mid-May and House 2 will be ready in August. On-hand were three of the Habitat families who are in the process of completing the requisite man-hours and courses and have been assigned one of these homes. Sprint, who sponsored Bon Jovi's top-grossing Have A Nice Day Tour, presented a check for $200,000 to Habitat for Humanity. That donation, made in partnership with Jon Bon Jovi and the Philadelphia Soul will fund the construction of House 3, another two-family townhome, the construction of which will begin in September '06.

    "People around the world have seen and been inspired by Jon Bon Jovi's commitment to Habitat for Humanity through the video, 'Who says you can't go home,'" said Chris Clarke, senior vice president of Communications for Habitat. "Building on this momentum, we are thrilled that Sprint is furthering its commitment to creating better communities by working in partnership to build additional Habitat homes in Philadelphia with Bon Jovi and the Philadelphia Soul."

    Tim Block, Executive Director of Habitat for Humanity Philadelphia said, "This partnership with the Bon Jovi organization, the Philadelphia Soul, Sprint and other corporate partners has been a godsend for us. The need for affordable housing in the city of Philadelphia grows bigger each day. Each house we build helps, but the spotlight that groups like these bring to the overall challenge facing working families is priceless."

    An area-resident known for his community involvement, Jon Bon Jovi approached Habitat in June 2005 with a proposal for a local build on a large scale. To fund the build, Bon Jovi pledged the majority of the band's video budget from Island Records, contributed his own money from the Bon Jovi Family Foundation and secured additional sponsorship through pre-existing relationships in the private sector. By setting aside a small sum to document the process, the band planned a music video with a "think global, act local" theme.

    "These good works with Habitat for Humanity have already made a difference to families in the city of Philadelphia," says Jon Bon Jovi, co-owner & co-CEO of The Philadelphia Soul. "Since the inception of the Philadelphia Soul, our mission was to give back to this community. With the help of our friends at Sprint, we will be able to continue fulfilling that goal."

    "Sprint has a long history of creating and supporting programs that enrich our communities and create deeper social commitments," commented Steve Rogers, Entertainment Marketing Manager at Sprint. "That's why we are pleased to continue our partnership with Jon Bon Jovi, the Philadelphia Soul and Habitat for Humanity in an effort to make home-ownership a reality for citizens of greater Philadelphia."

    About Bon Jovi: Over the last two decades Bon Jovi has earned the respect of the music industry and the loyalty of legions of fans around the globe. They have sold over 100 million albums worldwide and, since forming in 1984, Bon Jovi has performed more than 2500 concerts in 50 countries in front of more than 32 million people. In September, 2005 Bon Jovi released their ninth studio album, Have A Nice Day (Island Records) which has sold over 3 million copies. The band is currently on a world-tour.

    Bon Jovi is Jon Bon Jovi (vocals/guitar), Richie Sambora (guitars), David Bryan (keyboards) and Tico Torres (drums/percussion). For more info on Bon Jovi visit http://www.bonjovi.com/ and for more info on the Bon Jovi tour, visit http://bonjovi.aeglive.com/.

    About Philadelphia Soul: Co-owned by Bon Jovi, the Philadelphia Soul, an Arena Football League team currently playing its third season. The Soul organization has made helping the community a cornerstone of its identity. The team has helped direct more than $500,000 to community groups in the Philadelphia area. For more information on the Soul please visit http://www.philadelphiasoul.com/.

    About Habitat for Humanity Philadelphia: Habitat Philadelphia formed in March 2003 through the merger of four independent city affiliates. In all, the affiliates together built more than 100 houses and now, working as one, the affiliate is working to increase its house-building capacity. Building is going on in neighborhoods where years of disinvestment have left residents with blighted properties and substandard housing.

    About Habitat for Humanity International: Habitat for Humanity International, based in Americus, GA, is an ecumenical Christian ministry that welcomes to its work all people dedicated to the cause of eliminating poverty housing. Since 1976, Habitat has built more than 200,000 houses in nearly 100 countries, providing simple, decent and affordable shelter for more than one million people. For more information, visit http://www.habitat.org/.

    About Sprint Nextel: Sprint Nextel offers a comprehensive range of communications services bringing mobility to consumer, business and government customers. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two robust wireless networks offering industry leading mobile data services; instant national and international walkie-talkie capabilities; and an award-winning and global Tier 1 Internet backbone. For more information, visit http://www.sprint.com/.

    Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060331/CLF074
    http://www.newscom.com/cgi-bin/prnh/20050501/NYSU020LOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com Habitat for Humanity

    CONTACT: Tiffany Shipp of Ken Sunshine Consultants, Inc.,
    +1-212-691-2800, or +1-917-992-5819, or shipp@kensunshineconsultants.com, for
    Bon Jovi; or Laura Swanson of Island Def Jam, +1-212-333-8533, or
    laura.swanson@umusic.com, for Bon Jovi; or Duane Bates of Habitat for Humanity
    International, +1-229-938-1917, or +1-229-924-6935, ext. 2541, or
    dbates@habitat.org; or Larry Slagle of Habitat for Humanity Philadelphia,
    +1-215-964-1491, or +1-215-765-6000, ext. 22, or
    larrys@habitatphiladelphia.org; or Angie Read of Sprint, +1-913-794-2963, or
    +1-816-305-0289, or angie.d.read@sprint.com; or Tim Farrell of Philadelphia
    Soul, +1-215-636-0421, ext. 178, or +1-267-303-8285, or
    tfarrell@philadelphiasoul.com

    Web site: http://www.habitat.org/
    http://www.bonjovi.com/
    http://bonjovi.aeglive.com/
    http://www.philadelphiasoul.com/
    http://www.sprint.com/




    GenCorp Announces Preliminary Results of Annual Shareholder Meeting

    SACRAMENTO, Calif., March 31 /PRNewswire-FirstCall/ -- GenCorp Inc. today announced that, based on a preliminary vote count, at the annual meeting held today GenCorp shareholders elected a slate of directors nominated by Pirate Capital, LLC to the Company's board of directors. Three out of ten members of the board were up for election at this meeting.

    Terry Hall, GenCorp's chairman, president and chief executive officer said, "While we are, of course, disappointed with this result, we remain steadfast in our commitment to build value for all our shareholders. During the past month, we have met with a large number of our shareholders and we value their insights regarding the future of our Company. We look forward to working with our new directors as we go forward."

    "We are grateful for the contributions and guidance provided by the outgoing directors," added Mr. Hall.

    GenCorp shareholders also approved the appointment of PricewaterhouseCoopers LLP as independent auditors for fiscal year 2006 and the shareholder proposal that the board take action to declassify director terms. The board had earlier determined to propose a binding resolution at next year's annual meeting to consider declassifying the board.

    The preliminary results are subject to final tabulation and certification by IVS Associates, Inc., the independent inspector of elections.

    About GenCorp

    GenCorp is a leading technology-based manufacturer of aerospace and defense products and systems with a real estate business segment that includes activities related to the entitlement, sale, and leasing of the Company's excess real estate assets. Additional information about the Company can be obtained by visiting the Company's web site at http://www.gencorp.com/ .

    GenCorp Inc.

    CONTACT: investors, Yasmin Seyal, Senior Vice President and Chief
    Financial Officer, +1-916-351-8585, or media, Linda Cutler, Vice President,
    Corporate Communications, +1-916-351-8650, both of GenCorp Inc.

    Web site: http://www.gencorp.com/

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