INVESTOR ALERT, Eagle River Changed Its Name to China Media1 Corp.
Market Wire, January, 2005
Eagle River Mining Corp. (OTC BB: ERVR), F5 Networks, Inc. (NASDAQ: FFIV), eBay Inc. (NASDAQ: EBAY) and Macromedia Inc. (NASDAQ: MACR).
Investors will want to have a look at a media ownership firm that has focused its core business in Greater China, and is one of the largest and most influential media communications suppliers and specialists in Southern China. Effective immediately, Eagle River Mining Corp announced that the Company has changed its name to China Media1 Corp. The name will better reflect the new business direction of building China's Premier Media Ownership Company. A new trading symbol and a new CUSIP number will be available shortly.
China Media1 also announced a new 3-month advertising contract from the China Marketing Division of Skyworth Group. This contract is for approximately US$100,000 or US$33,300 monthly. Started in Hong Kong in 1994, Skyworth is now the largest TV exporter from China; they are also a Hong Kong Exchange listed company with a market capitalization of over US$600 million (HK$ 5 billion).
ERVR is currently trading at around 50 cents a share.
F5 Networks, Inc (NASDAQ: FFIV)
After the bell Wednesday, pioneer of Application Traffic Management, F5 Networks, Inc, announced first fiscal year 2005 quarterly results, reporting revenue of $60.0 million, a 20 percent increase over revenue of $50.2 million in the fourth quarter of fiscal 2004 and a 66 percent increase over revenue of $36.1 million in the first quarter a year ago. The company's operating margin for the quarter was 24 percent, compared to 20 percent in the prior quarter and 11 percent in the first quarter of fiscal 2004.
FFIV closed Wednesday's regular session at $44.69, on volume of 2 million shares.
eBay Inc. (NASDAQ: EBAY)
Wednesday after the bell, online auction company eBay Inc. reported fourth quarter pro forma net income of $226 million or $0.33 per share, in comparison to $157 million or $0.24 per share in the year-ago quarter. The company's net revenues for the quarter were $935.8 million, compared to $648.4 million in the prior year period.
eBay also announced that its board has approved a two-for-one split of all outstanding shares of the company's common stock, payable February 16, 2005 to stockholders of record on January 31, 2005.
EBAY ended Wednesday's regular trading session at $103.05, on volume of 23.6 million shares.
Macromedia Inc. (NASDAQ: MACR)
Multimedia software maker Macromedia Inc. announced financial results for the third quarter after the bell Wednesday, reporting pro forma net income that increased to $16 million from $12.9 million reported for the corresponding quarter last year. Earnings per share for the quarter was $0.21, compared to $0.18 reported for the corresponding quarter last year. Revenues for the quarter increased to $108.6 million from $94.8 million reported for the same period last year.
Macromedia Inc. also announced Wednesday that chief operating officer Stephen Elop was promoted to chief executive.
MACR ended Wednesday's regular trading session at $25.99, on volume of 2.3 million shares.
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