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OPE delists from Nasdaq Orlando Predators Entertainment Inc. voluntarily delisted its Class A common stock from the Nasdaq SmallCap Market. According to company officials, it was not in compliance with the Nasdaq SmallCap Stock Market maintenance requirements...

CART’s Q1 loss report raises questions about long term

The first-quarter loss reported by Championship Auto Racing Teams last week had one analyst questioning the long-term viability of the open-wheel racing organization. CART officials last week announced a $9 million net loss for the quarter, due largely to an expanded financial incentive package instituted this year...

GSI’s net revenue up 53% for Q1

GSI Commerce, which develops and operates e-commerce businesses for sports sites and teams, reported net revenue of $48.9 million for the first quarter of 2003, a 53 percent increase from net revenue of $31.9 million a year ago, according to its most recent earnings report. The King...

Motorsports Division Continues To Drag On IPG's Results

Interpublic Group (IPG) stated yesterday that "higher costs, lower revenue for many units and another write-down at a struggling motorsports operation contributed to a net loss" for Q1 '03, according to Stuart Elliott of the N.Y. TIMES, who notes Wall Street expected a "modest profit." IPG stated Q1...