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Technology Stocks : Fonix:Voice Recognition Product (FONX)

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To: Mark Cox who wrote (1547)1/4/1998 2:14:00 AM
From: Kashish King  Read Replies (1) of 3347
 
Mark, when they start to issue press releases about press releases you have to wonder. The whole thrust of this press release was to pump up the stock or why bother releasing it? Why not release whatever it was you had to report the next day? Getting back to their website, a lot of blather about VR and not much else. To what do you attribute the royal tanking right after the announcement of a some sort of deal with Siemens and where can I get more information on it?

''Never in the history of this corporation has the company felt more robust or optimistic about its immediate and long-term future. It appears to management that the current downward pressure on the fonix share price is due to short selling and to year-end tax strategies of some domestic Shareholders. The fundamentals of the company are strong, and within the next 24 hours fonix will issue a substantive review of those strengths and a status report on recently announced strategic alliances.''

As I said, this is all well and good provided there's something to support it.
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