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Strategies & Market Trends : Guidance and Visibility
AAPL 270.21+0.4%3:59 PM EST

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To: nolimitz who wrote (53018)5/20/2002 1:33:49 PM
From: nolimitz  Read Replies (1) of 208838
 
Shares of Applied Digital Solutions (ADSX: news, chart, profile) added more than 8 percent in midday action. The stock has re-opened for the first time since being halted for additional information by the Nasdaq exchange on Friday. Applied Digital made a statement saying that halt followed a television report that the Food and Drug Administration had launched a formal probe of the use of the company's VeriChip product to access a medical database. Applied Digital said it spoke to the FDA and that it's clear that VeriChip is not an FDA regulated device "for security, identification, and financial applications." The FDA has, however, asked for information regarding the linking of a VeriChip verification number with a medical database. Applied Digital plans to abide by the FDA's requests and cooperate fully. The volatile stock had been down as much as 30 percent in early trades.
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