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Technology Stocks : Paul Allen's Wired World -- Ignore unavailable to you. Want to Upgrade?

To: Adam S who wrote (150)	7/9/1999 8:14:00 PM
From: BudLong	Read Replies (1) \| Respond to of 361

From the CBS Marketwatch link you posted: While Paul Allen was in Idaho, his influence on Wall Street was shown once again as shares of Asymetrix Learning Systems (ASYM: news, msgs) surged nearly 105 percent. The stock move friday came after news of Allen's 42.1 percent ownership of the company, which makes software for firms' online education efforts. Bud

To: Adam S who wrote (150)	7/10/1999 3:07:00 AM
From: Mr. Aloha	Respond to of 361

I think this explains it: techstocks.com There was a normal SEC filing stating Paul Allen's ownership in the company he founded, and people assumed he was buying into the company (CNBC even reported it this way). This is an insane market sometimes...

To: Adam S who wrote (150)	7/10/1999 5:58:00 AM
From: Mr. Aloha	Read Replies (1) \| Respond to of 361

From Briefing.com: Asymetrix Learning System (ASYM) 7 5/8 +3 5/8. Buy now, check the facts later. Shares of Internet-based training and education company, Asymetrix Learning System, have been bid up as many as 7 5/8 points on the session, on "news" Microsoft co-founder Paul Allen has taken a major stake in the company. Only one problem: This information is dated by 15 years. Mr. Allen founded Asymetrix Learning in 1984. When ASYM made its stock market debut last year, Mr. Allen owned almost 45% of the company. Driving the stock today is an SEC filing showing that Mr. Allen has increased his stake in Asymetrix to 42.3% or 5.926 mln shares. According to an SEC filing dated April 23, Mr. Allen owned 42.1% of the company as of the end of March. Hence, would appear that given Mr. Allen is a director of the company, the slight increase in ownership was the result of an option exercise. Regrettably, many investors/traders poured into the stock without first finding out the facts, which based on stock's current price, could have resulted in a hit of as much as 34%. - DS