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Technology Stocks : Digital Island,Inc - (Nasdaq- ISLD)

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To: posjim who wrote (268)7/30/1999 4:00:00 PM
From: sam  Read Replies (2) of 1884
 
I hesitate to post this -- because it is pure rumor...with absolutely no substantiation. But its worth posting solely for information purposes. (I have chosen to wait till eod for this very reason). This morning, after I posted that I saw lots of shorting in ISLD, I was contacted by someone claiming that ISLD is currently about to be accumulated by (I believe) Paul Allen (Allen was NOT mentioned by name -- the words were something to the effect that well-known billionaire who has been buying into the internet in a big way)...and that the shorting was being done on Allen's behalf...in an attempt to lower the price Allen has to pay. Again, this is a RUMOR only. Don't know if I believe it or not. And I suggest that no one buy the stock solely on this rumor. To me, at least, there are plenty of reasons to buy...without having to rely on a rumor. FWIW
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