Broadvision Inc.
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BroadVision Announces Intention to Withdraw the Listing on the Neuer Markt
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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BroadVision Announces Intention to Withdraw the Listing of its Shares on the
Regulated Market and Terminate Trading on the Neuer Markt of the Frankfurt
Stock Exchange
REDWOOD CITY, Calif. – April 24, 2002 – BroadVision, Inc. (Nasdaq: BVSN, Neuer
Markt: BDN), a leading provider of enterprise portal applications, today
announced its intention to withdraw the listing of its shares on the Regulated
Market and terminate trading on the Neuer Markt of the Frankfurt Stock Exchange.
Broadvision, Inc., whose shares trade on the Neuer Market under the symbol
“BDN”, has filed a formal application in accordance with exchange rules, to
withdraw the listing of its shares on the Regulated Market of the Frankfurt
Stock Exchange and terminate trading of its shares on the Neuer Market. The
delisting and the termination of trading on the Neuer Market is expected to
become effective three months after the publication of the delisting. Shares of
BroadVision, Inc. will continue to trade on the Nasdaq National Market under the
symbol “BVSN”.
end of ad-hoc-announcement (c)DGAP 24.04.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
“While we have been pleased with our listing on the Neuer Market, unfortunately,
given our recent restructuring efforts, we feel it is prudent to take this
action at this time,” said Dr. Pehong Chen, president and CEO of BroadVision.
“I would like to reiterate that, as a company, we remain very committed to the
European market and this action will not affect our relationships or support of
our European customers and partners.”
Information Concerning Forward-Looking Statements
Information in this release that involves expectations, beliefs, hopes, plans,
intentions or strategies regarding the future are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934, which forward-looking statements involve
risk and uncertainties. All forward-looking statements included in this release
are based upon information available to BroadVision as of the date of this
release, and BroadVision assumes no obligation to update or correct any such
forward-looking statements. These statements are not guarantees of future
performance and actual results could differ materially from BroadVision’s
current expectations. Factors which could cause or contribute to such
differences include, but are not limited to: lack of market acceptance of
BroadVision’s products or services; BroadVision’s inability to continue to
develop competitive new products and services on a timely basis; introduction of
new products or services by competitors; general economic conditions and
BroadVision’s inability to attract and retain qualified employees. These and
other factors and risks associated with BroadVision’s business are discussed in
its most recent annual report on Form 10-K as filed with the Securities and
Exchange Commission and in BroadVision’s quarterly reports on Form 10-Q filed
subsequent to the filing of the Form 10-K.
About BroadVision
BroadVision’s (Nasdaq: BVSN) enterprise business portal applications create
immediate business value by transforming the way organizations do business —
moving relationships to a personalized, self-service model that enhances growth,
reduces costs and improves productivity. Leading global companies use
BroadVision as the basis for their enterprise business portal initiatives —
using the web and wireless devices to unify and extend an enterprise’s
applications, information and business processes to serve its employees,
partners and customers in a personalized and collaborative way.
BroadVision Investor Relations Contact:
Bob Okunski
Director of Investor Relations
BroadVision Inc.
+1-650 542 4659
bob.okunski@broadvision.com
www.broadvision.com
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WKN: 901599; ISIN: US1114121023; Index: NEMAX 50
Listed: Neuer Markt Frankfurt, Freiverkehr in Stuttgart, München, Berlin,
Bremen, Hamburg, Düsseldorf, Hannover
242227 Apr 02
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