Subject: Hi ERG--compare financials/Licensing Creative Star/Octopus/Toronto -- ERG trade data forum

[ Show ]

Support VoyForums

[ Shrink ]

VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: [1], 2, 3, 4, 5, 6, 7 ]

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 22:23:03 03/08/03 Sat
Author: On another note ERG Transit Systems are partners with Creative Star (ie Octopus) on the Toronto project
Subject: Subject: Hi ERG--compare financials/Licensing Creative Star/Octopus/Toronto

Thank you for using the forum, Wonder Woman
Your entry has now been added to the forum as follows...

Name: Wonder Woman
Location: Sydney, NSW Australia
Date: Sunday, March 9, 2003 at 5:20:08 PM
Subject: Hi ERG--compare financials/Licensing Creative Star/Octopus/Toronto
Comments:

Additional to ERG retaining access to the Proton technology by taking a 20 year global licence of the Proton technology non exclusive access, exclusive access though to 5 customers is noted. ERG owns the technology which is licensed to Creative Star -- for use only in Hong Kong, Creative Star is now known as Octopus I hear they have teamed up with Cubic re Netherlands ERG had to say not to it--read the 233 page document released on the 6/3/03 for an understanding of why the entity had to withdraw, I notice with the sale of Proton there is exclusive access to 5 customers, have to ask investor relations who they are, if they will tell me. On another note ERG Transit Systems are partners with Creative Star (ie Octopus) on the Toronto project, I'll see if I can get an update on this.
"The half-year result includes a provision of $52.4 million taken in contemplation of the PWI sale, as compared to its book value at 31 December 2002.An amount of e22.5 million (A$40.9 million), representing payments due to ERG on a milestone earn-out basis under the proposed PWI sale has not been accounted for in determining the provision and will be brought to account as it is earned.As part of the proposed sale", in other words the more cards ERG flog off over the next ten years the quicker that get the earn out payment and bring forward the recovereable amount of 52.4m
For a comparison between results it may help to refer back to this post Date: Tuesday, March 4, 2003 at 7:13:00 AM
Subject: Hi ERG,PWI--deferred consideration--made non current/goodwill.
Regards,--WW.

[ Next Thread | Previous Thread | Next Message | Previous Message ]