Thiel Logistik Ends Dispute With Compaq, Will Boost
Profit
1/24/01 1:41 AM
Source:Bloomberg News
Grevenmacher, Luxembourg, Jan. 24 (Bloomberg) -- Thiel Logistik AG, a Luxembourg-based maker of
software for logistics and management, said it had reached a settlement with Compaq Computer
GmbH. It did not specify the nature of the dispute.
The settlement means Compaq's claim of 8.7 million deutsche marks ($4.2 million) on Ley GmbH, a
subsidiary of Thiel, no longer exists. The reserves Thiel set aside for legal costs associated with the
claim will be liquidated, boosting profit at the unit, the company said in a statement on Frankfurt's
stock exchange.
Thiel shares rose as much as 4.95 euros, or 3.5 percent, to 148.45
euros. |
