IN BRIEF.VALLEY INDEX DROPS: Shares of most companies in the Daily News Index were lower Thursday, led by Superior National Insurance Inc. of Calabasas, which fell $1.625 to $7.50. -- Daily News IHOP IHOP International House Of Pancakes (restaurant chain) iHOP Information Hyperlinked Over Proteins IHOP International House of Prayer IHOP International H2O Project IHOP International House of Pain BUYBACK: Glendale-based IHOP Corp., operator and franchiser of the International House of Pancakes chain, has announced a repurchase plan of up to 1 million shares, or about 5 percent, of its common stock. In a separate announcement Thursday, IHOP said same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of fell 1 percent in December 1999 vs. December 1998. It was the sixth monthly year-over-year decline for IHOP in 1999. IHOP shares increased $1.3125 to $17.5625, or 8 percent, on volume 40 percent greater than the 30-day average. -- Daily News NETSOL EXPANDS: Software developer NetSol International, Inc., announced the acquisition Thursday of Abraxas Software Pty. Ltd., Australia's largest provider of automotive finance and insurance software. Calabasas-based NetSol said Abraxas, acquired in exchange for 150,000 shares of NetSol's restricted common stock, will become part of a new company, NetSol-Abraxas. Fred Firth firth or frith, Scottish term applied to an arm of the sea, usually an estuary or strait. For Firth of Clyde, see Clyde; for Firth of Forth, see Forth. , managing director of the new company, said NetSol-Abraxas will cut costs by outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. its programming work to NetSol's Pakistan division. -- Daily News SUITS SETTLED: Interscience Computer Corp. has resolved all disputes with OCE See AOCE. Printing Systems and its German affiliate. Agoura Hills-based Interscience said the dispute centered around its fusing agent patent and allegations the other companies committed violations of U.S. antitrust laws antitrust laws n. acts adopted by Congress to outlaw or restrict business practices considered to be monopolistic or which restrain interstate commerce. The Sherman Antitrust Act of 1890 declared illegal "every contract, combination.... , which damaged Interscience. Under the settlement, Interscience will retain all rights to its fusing agent and all lawsuits will be dismissed, the company said in a statement. Interscience also received $950,000 from OCE. -- Daily News MONSTER MOVE: FTM FTM Free Throws Made (basketball) FTM Family Tree Maker (Brøderbund) FTM Female to Male Transsexual FTM For The Moment FTM Fair to Midland (band) FTM Forgot to Mention Media Inc., also known as Feed the Monster.com, has found a new home in Burbank for 75 creative and production employees, said Vickie Collier, executive vice president and general manager of operations, in a statement. Feed the Monster, which has corporate offices in Scottsdale, Ariz., creates Internet sites for radio stations. Collier said the company has a network of 175 radio stations in the top 25 U.S. markets. Locally, the company helped designed and manages www.kroq.com for alternative rock station KROQ-FM (106.7). -- Daily News |
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