STAR Telecommunications (STRX) Message Board

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Technology Stocks : STAR Telecommunications (STRX)

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To: DD™ who wrote (463)	12/14/1998 2:18:00 PM
From: Spaw	Read Replies (1) of 780

D2: Clarification on situation... Selling occurred after Mr. Edgecomb declined to speak on broad topic of deregulation at a Lehman Bros. telecom conference. A misunderstanding is to blame. He was under the impression that he would be talking about his company. When he discovered he wouldn't be discussing strx, he bowed out. Large holders were vexed by this behavior, and the selling ensued. It is my understanding that Mr. Edgecomb is aware of his error, and has been busy apologizing to all. A conference call for investors as well and institutions is planned for this week. Nothing has changed with Star's business. Looks like the PT-1 acquisition MIGHT happen by the end of the year, but still tentative. All awaits SEC approval of the proxy. --spaw--

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