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Non-Tech : Ashton Technology (ASTN)
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To: mst2000 who wrote (978)5/12/1999 2:52:00 PM
From: Sir Auric Goldfinger  Read Replies (3) of 4443
 
"Optimark Technologies changing the way Wall Street trades

By lending greater anonymity and efficiency to stock transactions, the Optimark trading System dramatically improves the way that stocks are swapped. In the past year the progressive Nasdaq, Nikkei, Pacific Exchange, and Toronto Stock Exchange have agreed to use Optimark's supercomputer-driven trading system; the company even forced the staid-but-mighty New York Stock Exchange to accommodate the system for NYSE stocks traded on the other exchanges.

CEO Phillip Riese
Founded 1996
Employees 284
Durango, CO
970/247-8800
www.optimark.com
Profitable No
Last round funding: 11/98
Size $100 M
Stage Mezzanine

Total funding raised $182 M

From the June 1999 print issue of Red Herring Top 100 Companies, page 102"

Analysis of the above: Bill Lupien who is the chairman of this founded TomCat which became Instinet (you heard of them) in a time when things were very tough for ECN's. Notice that they have operating contracts with set prices and whilst not yet profitable, they have a sizeable cash hoard and ready access to more capital. ASTN is light years behind in the operating, selling and relationship game. It is a complete joke by comparison. Sell/sell short, now. comment from the uniformed peanut gallery?

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