Alan, public companies do not have any right to tip analysts with nonpublic material information. . . On the other hand, having now just read all three pages of the TASC press release, that press release itself references the fact that TASC is under agreement to be acquired by Litton. Ancor just announced an agreement with Litton, and perhaps the analyst took these public facts, available to everyone, and decided that the agreement described in the TASC press release is closely connected to the recent Ancor/Litton agreement. If so, the volume increased, and the price went up, as a result of buyers having more information, or recognition, than sellers.
Ancor itself may not be in a position to say much at this point since the TASC agreement itself is indefinite as to quantity and time frame.
All that being said, it would appear that these two pieces of news -- a Litton/Ancor collaboration announced just days in front of an announcement that TASC/Litton are competing for $75 million worth of business -- are good for Ancor. |
