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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/17/2001 3:10:33 PM
From: besttrader	of 37746

15:07 ET Aremissoft (AREM) 13.28 halted: -- Update -- Issue continues to be halted for trading; Lehman out with intraday note defending company from assertion that Bulgarian contract is valued at just $3-$4 mln vs the $37.5 mln the company claims; in fact, believes that AREM has already recognized and received payment for approx. $9 mln worth of work on the project; firm does note that the remaining phases of the contract ($20 mln) is contingent upon the availability of financing; also notes that the contract was translated from Bulgarian to English.

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