WavePhore (WAVO)- VBI fed WaveTop for WebTV 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 : WavePhore (WAVO)- VBI fed WaveTop for WebTV

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RocketMan who wrote (2281)	12/4/1998 7:47:00 PM
From: Steven Messina,L.M.T.	Read Replies (1) of 2843

Here's the latest from Yahoo: Yahoo! News Technology Headlines Friday December 4 4:37 PM ET Electronic stock tipsters debate Wavephore SAN FRANCISCO (Reuters) - Media communications company WavePhore said Thursday that the Nasdaq was investigating comments by a guest on CNBC television that apparently caused WavePhore's stock to tank. WavePhore's (Nasdaq:WAVO - news) stock began falling Wednesday after commentator James Cramer appeared on a morning CNBC broadcast, the company said. WavePhore makes various products that allow news, advertisements, and other Internet programming to be broadcast to televisions and PCs. Cramer, a hedge-fund manager with Cramer, Berkowitz & Co. and a columnist for several financial publications, called certain Web companies ''Fraud-U-Net'' companies just prior to interviewing WavePhore CEO David Deeds. WavePhore said Cramer also spoke about his attempts to short WavePhore stock prior to the interview, and claimed that Federal Reserve chairman Alan Greenspan ''doesn't like WavePhore going up.'' On Tuesday, WavePhore's stock had nearly doubled to above $15 per share after the company announced a set of new online shopping partners for its WaveTop Internet service. After the CNBC spot, WavePhore's stock price fell to close at $7.94 Thursday. It was up 25 cents to $8.25 Friday in late trading. Deeds was incensed by the Cramer article. ''Although I respect a person's right to express his opinion, I have never been subjected to the type of attack made with respect to WavePhore and me before and during my interview,'' he said in a statement. The company has requested investigations by the US Securities and Exchange Commission and the Nasdaq stock market to determine whether laws and regulations have been violated. It said Nasdaq has said it is reviewing the matters. Neither Cramer nor CNBC could be reached for comment. (Reuters/Wired) --------------------------------------------------------------------------------

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next