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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: SMALL FRY who wrote (29747)3/26/1999 12:53:00 PM
From: Burjis S.  Read Replies (1) of 120523
 
SF Missed NSOL! In ATHM at 147.5 today.
Will be stepping out here is something of interest regarding NSOL :

HERNDON, VA (March 25) BUSINESS WIRE -March 25, 1999-- Network Solutions, Inc. (NASDAQ: NSOL), the world leader in Web address registrations, today acknowledged that it has become the subject of a short seller action.

Asensio and Co. is self-described as "actively engaged in short selling" and today issued a strong sell and short sell recommendation on Network Solutions. Network Solutions' corporate policy is not to comment on any analyst reports whether positive or negative. Network Solutions notes, however, that the reports of Asensio and Company contain numerous inaccuracies and that Asensio and Co. has never spoken with Network Solutions management. Network Solutions believes it is in full compliance with all obligations under securities laws. Network Solutions denies that it has "purposely disseminated misleading information and failed to disclose material negative information," as claimed in the Asensio report. Network Solutions stands by its public statements included in its reports filed with the Securities and Exchange Commission and in its other public announcements.
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