||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Real-Time news about Netservices (London Stock Exchange): 0 recent articles
|scoobydoo99: More bad news for NSV - lost 20% of their business and a legal wrangle, matter of time now I think......
V21 to Begin Legal Proceedings Against NetServices plc
V21 to Begin Legal Proceedings Against NetServices plc.
London, November 15, 2006 - V21.co.uk Limited, an Internet service provider recently-acquired by Biscit, today announces that it will begin legal proceedings against NetServices plc (EPIC:NSV) seeking substantial seven-figure damages. The legal action results from NetServices decision to novate some of V21's customers to another service provider.
V21 (recently renamed Biscit CSP) has had a commercial dispute with NetServices for some months and began well before Biscit acquired V21 in October 2006. V21 represents about twenty percent of NetServices' business.
Post acquisition, NetServices presented an invoice to V21 for "burst bandwidth charges" for services it claims it provided to V21's customers from as far back as December 2005. V21 rejected this invoice and launched a full audit into every invoice presented by NetServices to V21 since commercial relations were established in December 2005. The audit began last week.
In October, NetServices also refused to provide technical support to V21 customers and MAC codes allowing V21 customers to migrate to Biscit's secure and robust servers or any other provider.
Today, NetServices, whose share price plummetted this year following a profits warning, decided to take the unprecedented decision to migrate some of V21 customers to another ISP called Ezeedsl, part of the 186k group. V21 strongly recommends affected customers to contact NetServices directly on 0870 753 0900, or by email firstname.lastname@example.org, and ask for their MAC codes.|
|safman: trading update..
31 August 2006
FOR IMMEDIATE RELEASE 31 AUGUST 2006
Share price comment and trading update
The Company has noted the sharp fall in the Company's share price today. The
financial year end of NetServices is 31 August. The Board is currently
evaluating the performance for the year, in the light of information still being
received. In particular, the Board is reviewing the Company's exposure to its
business customers in the wholesale broadband market, a market which remains in
a state of flux. Consequently whilst the final outcome for the year is still
undetermined it is likely that the loss for the year will significantly exceed
market expectations. A post year end trading update will be released at the
- Ends -
For further information, please contact:
NetServices plc Tel No: 0870 753 0900
Mark Vickers, Chief Executive
Steven Hartley, Finance Director
Buchanan Communications Tel No: 020 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
was looking at this earlier... sig loss this yr likly..
Netservices share price data is direct from the London Stock Exchange