> I have not seen the news that was referred to in the RB link. Do you know if the info. is true?<
It's true. It doesn't appear in the usual places I check (Schwab, Yahoo, AOL) for ticker specific news, but Business Wire has it (see below). Curiously, the news came out 6/20 and the market didn't react -- DDEV declined slightly yesterday on light vol. So now only you and I know about this.... :)
And thanks for your picks! Following you, I also hold FBCE, and wish I bought back into SCKT during its recent low. Wasn't PFNT another of your picks? It's another stock that keeps declining, but it has a real product (not that I really understand it), and it's selling it, so it's fortunes may change. Last I heard with WCYB (months ago) it has a palm related product in theory, but was still looking for someone to manufacture it.
regards,
- Charles
========================
June 20, 2000, Tuesday
DISTRIBUTION: Business Editors
HEADLINE: Distinctive Devices, Inc. Announces President's Resignation
DATELINE: DELRAY BEACH, Fla., June 20, 2000
Mr. Michael Paolini has resigned as Director, President and CEO of Distinctive Devices, Inc. His technical and marketing services remain available to the company as an exclusive consultant.
Mr. Kevin Cihelka has also resigned as a Director. Mr. Frank Cassidy was elected as a director to fill this board vacancy. Distinctive Devices, Inc. is negotiating terms of a definitive acquisition agreement with Mr. Cassidy as a controlling shareholder of FMC Telecommunications and Medley International Teleport, Inc. Mr. Cassidy has agreed to be Distinctive Devices, Inc.'s new President and CEO upon execution of the definitive acquisition agreement.
CONTACT: Distinctive Devices, Inc., Delray Beach
Kevin Cihelka, Vice President of Marketing
561/212-2706 |
