ADSP - Ariel Message Board

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Technology Stocks : ADSP - Ariel

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To: Axxel who wrote (2155)	12/9/1999 9:00:00 AM
From: Hockeyfan	of 2263

Are there any shorts left? Bloomberg shows only 89,000 shares short at 11/30/99, one week AFTER the post Thanksgiving runup. The only street analyst (Kinnard) says that ASDP is worth $4.00. Every article published on ASDP says that the runup was a case of mistaken identity incited by a rerelease of old news. Hear are excerpts from today's piece. NEW YORK (Dow Jones)--Ariel Corp. (ADSP), the remote-access equipment supplier whose stock skyrocketed to dizzying heights two weeks ago before pulling back, was up more than 32% Wednesday, apparently due to short-sellers covering their positions. The previously obscure stock had drawn attention beginning Nov. 24, when it exploded from 3 9/16 to 37 over the course of two trading sessions. That surge apparently stemmed from investor optimism about a company announcement concerning its device for connecting to digital telephone networks - even though the announcement was mostly old news. Ariel may also have benefitted from the mistaken impression that it's a wireless company amid speculation, later confirmed, that AT&T would issue a tracking stock for its wireless business. Ariel isn't in the wireless business.

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