Guess it is hard to deal with customers problems when the management itself is getting margin calls! muhahahahah now thats funny! Hey I am screwed! But its good to know I got company!
Track Data Makes Announcement
Mon Apr 17 17:57:00 EDT 2000
NEW YORK, Apr 17, 2000 (BUSINESS WIRE) -- Track Data Corporation (Nasdaq
NMS:TRAC), a leading provider of online trading and market data services,
announced that Barry Hertz, President and CEO, has incurred substantial losses
in trading securities of several large companies other than Track Data.
Four brokerage firms claim an aggregate of $45 million from Mr. Hertz in respect
of these losses. These claims are secured by approximately 25,000,000 shares out
of approximately 45,000,000 shares of Track Data beneficially owned by Mr.
Hertz. Track Data is not liable for these claims.
Track Data is a New York-based financial services company that provides
real-time financial market data, news, fundamental research, charting and
analytical services to institutional and individual investors through dedicated
telecommunication lines and the Internet. Track's main consumer product is
myTrack, a fully integrated Internet-based online trading and market data
system. myTrack delivers a continuous dynamic stream of live market data and
investors' online trading activity. To open a trading account and get your first
week of trading commission-free, go to mytrack.com and click on the
"Open a Trading Account" button. Additional information about Track Data may be
obtained by contacting Laurel Louison, Investor Relations, at 718-522-7373 or by
e-mail: laurel_louison@tdc.com.
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Copyright (C) 2000 Business Wire. All rights reserved.
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