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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: John Melillo who wrote (6503)	6/1/1998 11:59:00 PM
From: Jeffrey S. Mitchell	Read Replies (1) of 10786

John, yes, a question about analyst coverage was asked at the shareholders meeting. As you know, ALYD has a banking relationship with Hanifen Imhoff and First Albany. According to CEO Gruder, it was the analysts of those two firms who, because they were so impressed with ALYD's technology, recommended the investment side get involved. Problem is, once all the parties finished talking, the analysts knew way too much inside information to begin coverage immediately. At some point soon Gruder expects enough time will have gone by that those analysts will be allowed to cover the stock without risk of SEC scrutiny. - Jeff

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