LTX Corp. (LTXX) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : LTX Corp. (LTXX)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: frank doolittle who wrote (1278)	6/17/1998 5:18:00 PM
From: david jung	Read Replies (2) of 2126

Bloomberg News June 15, 1998, 1:23 p.m. PT LTX Stake of 5.6% Taken by Greenway Partners Investment Group Washington, June 15 (Bloomberg) -- An investment group led by Greenway Partners LP acquired a 5.6 percent stake in LTX Corp., a maker of test equipment for the semiconductor industry. The Greenway group purchased shares between May 18 and June 9 at $3.69 to $4.34 apiece, according to a filing with the Securities and Exchange Commission. Those purchased increased the group's holdings to 1.98 million shares of the Westwood, Massachusetts-based company. The shares were acquired because they're ''undervalued by the market at the present time under the present circumstances,'' the filing said. Gary Duberstein and Alfred Kingsley run the New York-based Greenway, which they started in 1993 after working with financier Carl Icahn during the 1980s. The Greenway group also purchased shares for an investment client affiliated with billionaire George Soros, the filing said. LTX shares rose 5/32 to close at 3 11/16. The shares have fallen about 38 percent in the last year. --Alan M. Wolf in Washington (202) 624-1880/bd news.com David WallStreet Links: 100+ Investment Links members.tripod.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next