FUND LOSING SHIRT. MAYBE THEY HAD TO SHOW SHORT COVERING? LOL
===================================================
Conolog Announces Barclays Global Investors, N.A. Funds Hold 414,663 Shares Reflecting 5.6% Ownership in Conolog
Friday January 13, 2:01 pm ET
SOMERVILLE, N.J., Jan. 13 /PRNewswire-FirstCall/ -- Conolog Corporation (Nasdaq: CNLG - News) an engineering and design company that provides digital signal processing solutions to global electric utilities, announced today that according to a Schedule 13G filed as of December 31, 2005 with the SEC, Barclays Global Investors, N.A. holds 414,663 Conolog shares, or a 5.6% ownership.
Chairman of Conolog Robert Benou stated, "Institutional ownership by a prestigious global group of funds, such as Barclays, is a vote of confidence in our Company. We are pleased institutional investors are increasingly recognizing our future potential as a world provider of digital solutions to the utility marketplace."
An SEC filing is available at sec.gov for additional details on the above transaction.
About Conolog Corporation
Conolog Corporation is a provider of digital signal processing and digital security solutions to electric utilities worldwide. The Company designs and manufactures electromagnetic products to the military and provides engineering and design services to a variety of industries, government organizations and public utilities nationwide. The Company's INIVEN division manufactures a line of digital signal processing systems, including transmitters, receivers and multiplexers.
Contact:
Conolog Corporation
Robert Benou, Chairman
908/722-8081
National Financial Network
Geoffrey Eiten
Investor Relations
781/444-6100, ext. 613
or email geiten@nfnonline.com
or visit nfnonline.com.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products introduced by competitors, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Source: Conolog Corporation |
