Corbis to remain quiet about future financial performance
Seattle based, Corbis corporation, is widely considered to be the worlds 2nd largest stock licensing company. In recent years the company has voluntarily made certain financial information public on a regular basis fueling speculation that the company had plans for an IPO. However, with its new CEO, Gary Shenk at the helm, the company has issued a statement that “it will no longer conduct semiannual teleconferences with financial analysts and media regarding its financial performance until further notice.”
The press release continued stating “Corbis is a privately held company and is not obligated to release financial information. The change is unrelated to current financial performance, which is on track for the year.” Previously the company has released information on a somewhat regular schedule under the guidance of former CEO Steve Davis. Corbis is privately held by its Chairman Bill Gates, who founded the company in 1989.
Click here for the original press release.
----
Related Stories:
Corbis announces lay-offs and segment closures (June 29, 2007)
Corbis launches micro-stock beta site SnapVillage.com (June 25, 2007)
Gary Shenk appoints new leadership team for Corbis (April 18, 2007)
Gary Shenk to succeed Steve Davis as CEO of Corbis (April 11, 2007)
corbis scraps annual meeting with press in favor of customer event (February 23, 2007)
Corbis posts 11% revenue growth in 2006; Announces microstock initiative for 2007 (February 15, 2007)
Interview with Gary Shenk the new president of Corbis (December 1, 2006)
Comments
Post a Comment