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Technology Stocks : VitalStream Holdings Inc. (VSTH)

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To: StockDung who wrote (416)12/5/2000 10:59:44 PM
From: blebovits  Read Replies (6) of 447
 
Rubner: I never told Akirov investment in Net2Wireless was a bargain

05.12.2000 19:47

Net2Wireless chairman David Rubner today expressed optimism about the company’s future. This followed yesterday’s announcement that Nasdaq had canceled the reverse merger between Net2Wireless and stock exchange shell company Sensar (Nasdaq: SCII).

“Net2Wireless is a company with good technology, and a superb workforce. It will continue this way. We are carrying out field trials in various places around the world. We have good customers, and I hope the company will succeed,” Rubner told :Globes”

Regarding the suit brought by Alfred Akirov’s Alrov yesterday claiming that false representation had been made to it when it invested $5 million in Net2Wireless, Rubner said, “The claims are baseless and untenable. Akirov simply wanted to cancel the investment. He knows there is nothing to his claims. We have approached legal counsel.”

Rubner said he had never mentioned anything to Akirov about the investment being at a “bargain price”.

Published by Israel's Business Arena on December 5, 2000




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