BUSINESS
By Ted Shelsby and Ted Shelsby,SUN STAFF | October 29, 1998
Caliber Learning Network Inc., a Baltimore-based company that provides education training through satellite communications, reported a third-quarter loss of $5.8 million yesterday. The company also announced two new contracts.The net loss for the three months ended that Sept. 30 was equal to 48 cents a share. For the comparable period of last year, Caliber reported a loss of $4.3 million, or 50 cents a share.Revenue totaled $5.7 million in the quarter, up from $400,000 in the 1997 quarter.
BUSINESS
By Stacey Hirsh and Stacey Hirsh,SUN STAFF | January 11, 2001
Caliber Learning Network Inc., the Baltimore company that provides training online, has laid off 18 percent of its work force in an effort to ensure profitability and zero in on corporate training. The publicly traded company, founded in 1996, had offered training for companies and online classes for students at schools such as the Johns Hopkins University. About a year-and-a-half ago, Caliber decided to focus on corporate training and phase out the academic sector of its business, President and Chief Executive Officer Chris L. Nguyen said.
BUSINESS
By Sean Somerville and Sean Somerville,SUN STAFF | February 24, 2000
Caliber Learning Network Inc., an Internet-based educational services company, reported a fourth-quarter loss of $5.5 million yesterday, smaller than the $8.1 million loss in the comparable period of 1998. Even with the loss of 45 cents per share, down from 66 cents in the year-earlier period, sales increased 63 percent to $7.5 million from $4.6 million. The Baltimore-based company also announced yesterday that International Business Machines Corp. will use Caliber to produce live training sessions.
BUSINESS
By Stacey Hirsh and Stacey Hirsh,SUN STAFF | March 23, 2001
Caliber Learning Network Inc., the Baltimore company that provides training online, reported yesterday that fourth-quarter sales fell 49 percent and its loss widened, and said it was trying to raise more money - either by securing capital, buying a smaller company or merging with a bigger one. The company said it would need another $10 million to $15 million to break even in 2001. Caliber's president and chief executive officer, Chris Nguyen, said it was difficult to speculate exactly how the money would be raised.
BUSINESS
By Andrew Ratner and Andrew Ratner,SUN STAFF | August 15, 2001
Sylvan Learning Systems Inc. has agreed to buy for $750,000 the assets of Caliber Learning Network Inc., a corporate training company it helped create and that filed for bankruptcy in the spring. Caliber announced after the stock market closed yesterday that it has asked the U.S. Bankruptcy Court to authorize a sale of substantially all of its assets to Sylvan. The two companies, both based in Baltimore, signed an agreement Monday. The transaction is subject to approval by the bankruptcy court and could be undone if better offers are received by the court.
NEWS
By Mike Farabaugh and Mike Farabaugh,SUN STAFF | January 8, 1997
All Maryland State Police troopers soon will be armed with new Beretta .40-caliber pistols that pack more power and are considered ballistically superior to the 9 mm models being replaced.Probationary troopers who graduated last month are trained and carrying the new semiautomatic handguns.Veteran troopers such as Lt. Lawrence E. Faries, commander of the Westminster barracks, began three days of training with the new handgun yesterday."The best thing about the .40-caliber Beretta is that the trigger pull is always the same because the hammer recocks each time the gun is fired," Faries said.