Penton launches Nextware Conference; updates performance estimates.Penton Media Penton Media, Inc. (OTC: PTON.OB), founded in 1892, is a diversified business-to-business media company. Penton Media is a mass media corporation that publishes and produces over 40 magazines, 80 trade shows, and 47 web sites. (Golden, CO) will launch the "Nextware Spring 2002" conference, to be held in conjunction with "Services Networks," May 20-23 in Baltimore. Penton said the new conference is designed to be the "premier educational arena" for XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. , Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. and software developments. The show is being targeted to developers, analysts, system architects, CTOs, CIOs, and related managers involved in supporting those technologies. The conference includes a variety of meetings covering the XML, e-Business technologies and enterprise computing Refers to information technology in the larger company. See enterprise data and enterprise networking. , including Core Technologies and Techniques, Integration, e-Business, Portals, Modeling, Metadata, Query, Databases, Messaging, Wireless, Voice Collaboration, Servers, Middleware, and Market Dynamics. In related news, Penton chairman/ceo Thomas Kemp said he expects fourth-quarter revenue to be in the range of $90-95 million, with adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become in the range of $10-14 million. For the full year, revenues are expected to be between $370-375 million, with adjusted EBITDA between $38-42 million. Like all of the major publishers, Kemp said Penton had been adversely affected by the recession, the technology market depression and the events of Sept. 11, and that it had tried to offset the affects by reducing costs. |
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