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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Druss who wrote (15091)2/26/1999 4:30:00 PM
From: Anthony@Pacific  Read Replies (3) of 122087
 
NOW LETS ALL DEMAND OMGA answer to the IBM BUYOUT RUMOR!!!!

1-305-551-9991

IM-4120-1. Disclosure of Material Information





Rules 4310(c)(16) and 4320(d)(15) require that, except in unusual circumstances, Nasdaq issuers disclose promptly to the public through the news media any material information which would reasonably be expected to affect the value of their securities or influence investors' decisions and that Nasdaq issuers notify Nasdaq of the release of any such information prior to its release to the public through the news media. Nasdaq recommends that Nasdaq issuers provide such notification at least ten minutes before such release. * Under unusual circumstances issuers may not be required to make public disclosure of material events; for example, where it is possible to maintain confidentiality of those events and immediate public disclosure would prejudice the ability of the company to pursue its legitimate corporate objectives. However, Nasdaq issuers remain obligated to disclose this information to Nasdaq upon request pursuant to Rules 4310(c)(15) or 4320(d)(14).





Whenever unusual market activity takes place in a Nasdaq issuer's securities, the issuer normally should determine whether there is material information or news which should be disclosed. If rumors or unusual market activity indicate that information on impending developments has become known to the investing public, or if information from a source other than the issuer becomes known to the investing public, a clear public announcement may be required as to the state of negotiations or development of issuer plans. Such an announcement may be required, even though the issuer may not have previously been advised of such information or the matter has not yet been presented to the issuer's Board of Directors for consideration. It may also be appropriate, in certain circumstances, to publicly deny false or inaccurate rumors which are likely to have, or have had, an effect on the trading in its securities or would likely have an influence on investment decisions.
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