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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology -- Ignore unavailable to you. Want to Upgrade?

To: MaryinRed who wrote (8082)	10/17/1999 9:07:00 PM
From: JimC1997	Read Replies (1) \| Respond to of 18366

Reporting requirements are different for investment managers than for others. Investment managers that control over $100 million in assets must report all shareholdings (no matter how small) within 45 days after the end of each quarter. Non-investment managers never have to report holdings acquired in the open market unless they exceed 5% of the outstanding stock of a company. However, if an entity acquired stock directly from a company (purchase of newly issued treasury stock) then the company would have to report that transaction in a "timely fashion" if the cash involved was material to the company. The example that you cite, Lucent would not have to report the purchase. However, if the purchase was from e.Digital, then e.Digital would be required to report it, generally within a week or so, but in any event as part of its regular 10-Q reports. Since no such sale was disclosed in the recent proxy statement materials, you can safely assume that it has not occurred.