To: TRIIBoy who wrote (6337 ) 1/26/2000 7:56:00 PM From: David Read Replies (2) | Respond to of 10293
"Who would possibly want to own this company?" Since you asked . . . "SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 26, 2000--Identix Inc. (AMEX:IDX.A), a worldwide leader in providing biometric authentication, security and identification solutions, Wednesday announced that Ascom USA Inc., Identix's largest single shareholder, has sold their 4.1 million shares of Identix stock to the State of Wisconsin Investment Board and Kensington Management Group, LLC. The consummation of the multi-million dollar purchases occurred Jan. 26, 2000 on the American Stock Exchange. 'The State of Wisconsin Investment Board, (SWIB), welcomes this opportunity to become a significant long-term shareholder and participant in the exciting future of Identix,' said John Nelson, Investment Director of Small Company Stocks. 'I viewed the potential applications of its outstanding technology to many existing and new markets as a compelling reason for SWIB to acquire this large block of stock at this time.' "SWIB had $69 billion in retirement assets under management as of Dec. 31, 1999. It manages that sum for 350,000 current or former state and local government employees and more than 100,000 retirees. "Kensington Management Group is an investment management company based in New York specializing in small-cap U.S. equities. Kensington Management Group, Partner, Grainne Coen commented, 'We are extremely excited about the partnerships Identix has formed with Compaq and Motorola, in addition to the many others. We believe the company is headed in a very promising direction and we look forward to watching it grow and evolve.'" Maybe I'm wrong, but this development can't be good, technically, for shorts in IDX.