ANTEC Corp. (ANTC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : ANTEC Corp. (ANTC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MikeM54321 who wrote (548)	3/27/2000 1:12:00 PM
From: Sam Citron	Read Replies (1) of 847

Three weeks ago, he [Antec CEO Robert Stanzione] was on the phone with analysts and investors. The message this time: First-quarter earnings would come in on target, up 46% to 19 cents per share, from 13 cents per share reported in 1999's first quarter. But revenues would be $13 million shy. [from Barrons 3/27/2000] Mike, I'm glad you find some humor and good cheer in this revelation. I thought you might be disappointed that you were not on Stanzione's call list. Bob did not let me know about the revenue shortfall either. Nor did he inform the press apparently, because there was no mention of it anywhere until now. We were left in the dark, holding the bag. Isn't there some rule somewhere about selective disclosure of material inside information? We can infer materiality from the sharp price drop from 61 to 39 between March 6 and March 16 in a "no news" environment and a rising Dow. I reduced ANTC exposure to a token position today in my portfolio. If Stanzione is going to selectively leak material inside information like this to a select group of cronies, Antec is not a level playing field for investors and I choose not to play. Sam

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next