Asensio & Company: Parkervision Added to Symbol's Suspect Deals
NEW YORK, Oct. 13 /PRNewswire/ -- The following is being issued by Asensio & Company, a member of the National Association of Securities Dealers, CRD number 31742:
Yesterday, ParkerVision, Inc. (Nasdaq: PRKR) finally announced its long-awaited Symbol Technologies, Inc. (NYSE: SBL) licensing agreement. The agreement had been disclosed long before the announcement, and ParkerVision had already received payment. As expected, ParkerVision refused to disclose any details that could be used to determine the value of the alleged agreement. On September 22, 1999, Symbol Technologies, Inc. announced an OEM agreement with Criticare Systems, Inc. The release contained a quote by Richard Bravman, Senior Vice-President of Symbol's Wireless Systems Division. Mr. Bravman was also quoted in yesterday's ParkerVision press release announcing the alleged Symbol deal.
On October 6, 1999, 14 days after Mr. Bravman's quote, Nasdaq halted trading in Criticare's stock. The trading halt remains in effect. The halt resulted from Criticare's filing of a Form 10K without an audited statement. The company's auditors, Deloitte & Touche LLP, are reported to have resigned.
Asensio & Company, Inc. is a New York-based institutional investment bank specializing in corporate valuations and equity research. Asensio & Company also specializes in investigating fraudulent stock promotions and publishing research on companies it identifies as grossly overvalued, as defined. A complete documented history of Asensio's published work with fraudulent securities transactions, including our previous ParkerVision reports, and the firm's definition of gross overvaluation, is available on the Internet at www.asensio.com . Asensio & Company is actively engaged in short selling, including companies that are the subject of the firm's research reports, and advises its clients on securities it believes are overvalued.
SOURCE Asensio & Company, Inc.
CO: ParkerVision, Inc.; Symbol Tech, Inc.; Asensio & Compan, Inc.
ST: New York
IN: FIN
SU: LAW
10/13/1999 23:09 EDT prnewswire.com
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