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Strategies & Market Trends : Rande Is . . . HOME

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To: Softechie who wrote (45814)	2/2/2001 2:52:23 PM
From: MichaelSkyy	Read Replies (2) of 57584

Not much fun here... "Message #45814 from Softechie at Jan 18, 2001 5:45 PM CPTH Bought 5K $10-$11 range. Let's have some fun." DJ Critical Path Halted -2: Shrs Traded At Under $4 Pre-Mkt 02 Feb 10:31 WASHINGTON (Dow Jones)--The Nasdaq Stock Market halted trading in Critical Path Inc. for more information Friday after the company announced it is investigating questionable transactions in its financial results. In a press release Friday, Nasdaq said trading in Critical Path will remain halted until the company has fully satisfied the market's request for additional information. Trading in Critial Path was halted at 9:09 a.m. EDT, before the market open. The issue closed on the Nasdaq at $10.06 Thursday. In premarket trading earlier Friday, Critical Path traded at under $4. As reported, Critical Path's board formed a special committee to investigate its revenue recognition practices, and said the company discovered a number of transactions that 'put into question' its financial results. The company said earlier Friday fourth quarter results may be 'materially misstated,' and cautioned that the investigation has just begun. (END) DOW JONES NEWS 02-02-01 10:31 AM

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