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 Monday July 16 2001
Ordina announces friendly bid for Devote
Ordina announces that it intends to make a public offer for all outstanding shares in Devote. The Executive Boards of the two companies have announced that an agreement can reasonably be expected. Several members of Devote's Executive Board, who hold a combined 23.3% of outstanding Devote shares, have declared their willingness to tender those shares.

Friday July 6 2001
Devote reports disappointing results for first half of 2001
The Management Board of Devote reports that the second quarter has also been a difficult period. Because of this, the results for the first half will be lower than initially expected. The Executive Board therefore no longer considers the previous forecast of a positive EBITDA (earnings before interest, tax and the depreciation of tangible and intangible assets) for the full-year 2001 to be feasible.

Wednesday February 28 2001
Devote reports 76% rise in turnover in 2000
Devote: Turnover in 2000 rose 76% to EUR 24.742 mln. All activities contributed to the increase, including the acquired companies Insite and Interchange. The 100% stake Devote acquired in Interchange in March 2000 has been included in the results as of 1 March 2000. The operating result was a loss of EUR 1.723 mln.

Monday February 19 2001
Devote and BEA join forces on eCommerce
Devote N.V. and BEA Systems. have formed a strategic alliance to support companies in the field of eCommerce applications on the basis of the BEA Weblogic E-business Platform. This is a further boost to Devote's network of partners. BEA Systems. is one of the world market leaders in the field of e-business infrastructure software.

Thursday October 26 2000
Devote recovers after a turbulent first half
The Board of Management of Devote N.V. reports sustained growth in its activities in the third quarter of 2000. E-business activities, which now account for over 60% of turnover, are growing very strong. In response to the slight decline in the number of pure IT architecture projects, which was in line with the market and had been predicted by the company, Devote has invested in training so that more consultants can be deployed on e-business projects.

Thursday October 12 2000
Devote expands network of strategic partners to include US MicroStrategy
Devote N.V. has entered into a strategic alliance with MicroStrategy. The US company will be a strong partner for Devote in Business Intelligence and CRM since MicroStrategy is a leading worldwide supplier of solutions in these areas. Devote expects to generate substantial extra turnover in 2001 by being able to implement MicroStrategy solutions.

Wednesday August 23 2000
Devote H1 net loss EUR 3.2 mln
Devote reported on Wednesday a net loss for the first-half of 2000 of EUR 3.2 mln, compared with net profit of EUR 1.0 mln the company booked in the comparible period of 1999. Turnover increased 81% from EUR 5.9 mln to EUR 10.6 mln. Operating income fell from a 1999 first-half profit of EUR 1.3 mln to a loss of EUR 3.3 mln.

Wednesday June 14 2000
Devote increases InterEstate.com stake
Devote announced on Wednesday that it has increased its stake in The Hague-based internet company InterEstate.com from 30% to 44.6%. The transaction will be paid for in cash. Devote said that InterEstate will use the proceeds to further invest in the growth of the company. InterEstate.com develops specialised internet communities and market places, or 'business webs', Devote said.

Wednesday March 8 2000
Devote finalises Interchange deal
Devote announced on Wednesday that it has finalised the acquisition of Gouda-based internet firm Internchange announced last month. The transaction is being paid for in Devote shares but financial details were not disclosed.

Wednesday February 16 2000
Devote net profit up 69%
Devote reported on Wednesday net profit for 1999 increased 69% to NLG 4.1 mln, compared with net profit of NLG 2.4 mln the company booked in the comparible period of 1998. Turnover almost doubled from NLG 17.2 mln to NLG 31.0 mln. Operating income increased 29% from NLG 3.5 mln to NLG 4.5 mln. Earnings per share for 1999 increased 62% to NLG 0.84, compared with earnings per share of NLG 0.52 for 1998.

Thursday January 13 2000
Devote issues new shares
Devote announced on Thursday that it has issued 465,792 new ordinary shares in connection with the acquisition of Insite. The new shares, which represent 9.5% of the issued share capital, have been placed with existing Insite shareholders and Dutch and foreign institutional investors.

Wednesday January 12 2000
Devote acquires Insite
Devote announced on Wednesday that it has acquired the remaining 49% of the shares that it did not already own of Zwolle-based software company Insite. Devote acquired 51% of Insite last July. The acquisition will be financed partly by a new share issue. Insite, which employs 50 people, supports organisations define their Internet vision and strategy and develop and implement Internet business applications, including e-shops and intranet and extranet applications.

Tuesday October 26 1999
Devote says turnover and net up substantially in Q3
Devote said that its turnover and net profit both rose "very substantially" in the 1999 third quarter. The company said that results are in line with previous forecasts. The number of clients again increased in the third quarter, partly because of the acquisition of a number of major clients from the public sector, Devote said. For 1999 as a whole Devote expects both turnover and net profit to be approximately 80% higher than in 1998, thanks partly to the contribution made by Insite.

Wednesday October 6 1999
Devote divests ONS stake
Devote said that it is to divest its 25% stake in ONS Nederlandse Softwarebedrijf to ONS's other shareholders. Devote said that the ONS stake was not part of its strategy. The sale will lead to a non-recurring positive contribution to the profit of Devote, the company said.

Wednesday August 11 1999
Devote H1 net profit up 120%
Devote reported on Saturday net profit for the first-half of 1999 jumped 120% to EUR 964,000, compared with net profit of EUR 439,000 the company booked in the comparible period of 1998. Turnover rose by 84% from EUR 3.19 mln to EUR 5.87 mln. Operating income increased 80% from EUR 0.70 mln to EUR 1.26 mln.

Thursday June 17 1999
Devote finalises Insite takeover
Devote has reached final agreement on the acquisition of Insite. The takeover will take place in phases. First Devote will gain a stake of 51% for cash. Insite will be consolidated in Devote's figures per July 1. Devote will take over the remaining 49% of the shares per April 1, 2002. Insite is specialised in e-commerce projects and internet applications.

Monday June 7 1999
Devote acquires stake in Insite
Devote has acquired a 51% stake in internet company Insite. Devote plans to acquire the remaining shares in April 2002. Financial details of the transaction were not disclosed. Devote is maintaining its forecast that net earnings will increase by an annual 60% through 2001.

Friday February 26 1999
Two new issues close higher
Shares in telecoms company Detron and IT group Devote, which were both launched on the Amsterdam stock exchange on Friday, ended the day higher than their issue price. Detron, which was launched at EUR 15, closed at EUR 15.70 in heavy volume. Detron raised NLG 70 mln from the issue of 2.1 million new shares, while existing shareholders split NLG 80 mln from the secondary placement of 2.4 million shares.

Hebels Financial Website believes the information herein was obtained from reliable sources but does not guarantee its accuracy. Neither the information nor any opinion expressed constitutes a solicitation of the purchase or sale of securities, derivatives or commodities. © 2002 Hebels Financial Website