Paul Allen's Wired World Message Board

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Technology Stocks : Paul Allen's Wired World

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To: Adam S who wrote (150)	7/10/1999 5:58:00 AM
From: Mr. Aloha	Read Replies (1) of 361

From Briefing.com: Asymetrix Learning System (ASYM) 7 5/8 +3 5/8. Buy now, check the facts later. Shares of Internet-based training and education company, Asymetrix Learning System, have been bid up as many as 7 5/8 points on the session, on "news" Microsoft co-founder Paul Allen has taken a major stake in the company. Only one problem: This information is dated by 15 years. Mr. Allen founded Asymetrix Learning in 1984. When ASYM made its stock market debut last year, Mr. Allen owned almost 45% of the company. Driving the stock today is an SEC filing showing that Mr. Allen has increased his stake in Asymetrix to 42.3% or 5.926 mln shares. According to an SEC filing dated April 23, Mr. Allen owned 42.1% of the company as of the end of March. Hence, would appear that given Mr. Allen is a director of the company, the slight increase in ownership was the result of an option exercise. Regrettably, many investors/traders poured into the stock without first finding out the facts, which based on stock's current price, could have resulted in a hit of as much as 34%. - DS

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