Intek (IDCC)` Message Board

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Technology Stocks : Intek (IDCC)`

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To: Rex F. Jones who wrote (39)	2/13/1997 3:27:00 AM
From: Steven Meadows	of 120

At the close [2/12/97], IDCC was down to 3 bucks - the lowest it's been in a while. I've been following INTEK now for several months and talking with varied and sundry brokertypes and streeturchins as might appear. The lastest skinny as I have heard it is that several of the former officers and directors of INTEK, as well as Fahnestock & Co. have been dumping their stock ... presumably, much of which was acquired as options perhaps, etc. ... Now that SECURICOR COMMUNICATIONS is at the helm and has a substantial stake in IDCC, it cleaned house, and some of those who were "cleaned out" are a part of the stock tick down. Who knows. Certainly, I have heard that John Simmonds, with his background from GEMS - Glenayre Technologies -- and Dr. Hough ... this company will certainly take on the competition for a good ride. As you've read on some earlier postings, Lehman Bros. is no slouch. It would be nice to see some definitive action from the top ... in a "top-ward" direction. I'll stay tuned.

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