Uninterrupted progress for streamlined Cyber Com
Uninterrupted progress for streamlined Cyber Com Cyber Com has finalised the closure of its Market Communications business area. As part of this move, certain activities within Cyber Com Pir have been transferred to a new company, Shouhyou, partly owned by former Pir employees. Cyber Com will also retain a 15 percent stake in Shouhyou. Pir, a web development, design and market communications company, was acquired by Cyber Com in August 1999. The MSEK 8 costs of this closure, now completed, are in line with previous reports and will be charged against fourth quarter earnings for 2000. "