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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?


To: Candle stick who wrote (1752)6/15/1999 1:26:00 PM
From: Nanchate  Read Replies (2) | Respond to of 4443
 
Candle stick,
I have contacted Dow Jones and they have confirmed that the story is genuine:

Subj: Re: Questions concerning a "Dow Jones" Article
Date: 6/15/99 11:01:06 AM Central Daylight Time
From: wbreq@wsj.dowjones.com (Dow Jones Publications Library)
To: XXXXX@XXX.com

At 11:46 PM 6/14/99 -0400, you wrote:
Dear Sirs,
I am curious if the following article is an actual Dow Jones article or not since it didn't seem to have the usual hallmarks of a DJ article.
Thank you

DJ Ashton Tech Dn 20%; CFO Says Can't Explain Decline

Dow Jones News Service via Dow Jones

PALO ALTO, Calif. (Dow Jones)--Ashton Technology Group Inc. (ASTN) shares fell 20% Monday, and the company said it is unaware of what caused the stock's fall as there haven't been any new announcements.

Chief Financial Officer Art Bacci said he doesn't have a comment for why the stock is down, adding that the stock is still up around 400% from its 52-week low of 1 3/32.

As for an Individual Investor Online article describing cash flow problems at the Philadelphia Internet company, Bacci said the story is incorrect because Ashton isn't suffering a cash crunch, as will be further detailed when earnings are released in two weeks.

He didn't attribute the stock's weakness, however, to the article.

There are no securities analysts who follow the stock.

Shares of Ashton Tech fell 1 7/8, to 7 9/16 on volume of 3.9 million, compared with average daily volume of 1.4 million. That's up from its 52-week low, but also below its 52-week high of 18 set May 24. The stock fell 16% Friday to 9 7/16.
-By Cecilia Kang; 650-496-1367



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Based on the information provided, we have located the article
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Ashton Tech Dn 20%; CFO Says Can't Explain Decline >ASTN

06/14/1999
Dow Jones News Service
(Copyright (c) 1999, Dow Jones & Company, Inc.)

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