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Technology Stocks : ADSP - Ariel -- Ignore unavailable to you. Want to Upgrade?

To: Intrepid1 who wrote (2222)	2/25/2000 11:16:00 AM
From: tool dude	Read Replies (1) \| Respond to of 2263

etc.this is he (Mr.Witt)my beef with Union Securities is that I had 12,000 shares of another stock that I was short and with only a buck or two out of the money,why didn't Union Sec. buy me in on the 12,000 shares in that rather than ADSP which at the time was done without notice,after hours and on a 1/2 day holiday after hours ecn bs..I talked with my broker at the close and told him I would cover the margin first thing Monday morning and he agreed!Monday morning I called to settle the account and me and my broker were shocked to find I had been bought in at 37 and 34 7/8 8000 shares.Then it really gets ugly at that point.EOM

To: Intrepid1 who wrote (2222)	2/28/2000 1:49:00 AM
From: nihil	Read Replies (2) \| Respond to of 2263

Always do your best to avoid dealing with the crooks across the border. Perhaps soon, some roughrider will take a company of Texas Rangers up there and clean up the mess. I don't even feel that comfortable with TD Waterhouse against whom I have had to file a complaint.

To: Intrepid1 who wrote (2222)	3/13/2000 6:37:00 PM
From: StockDung	Respond to of 2263

After the market closed on November 26, TheTruthseeker.com, an interactive online magazine, sent a warning on the stock saying, among other things, that Ariel is simply repackaging the product and has no manufacturing facility and that ãAriel is consumed in red ink and is almost out of cash.à The online magazine reissued its ãstrongest warning to dateà last week and recommended that investors sell. njbiz.com Date: December 6, 1999Section: Invest NewJerseyLocation: Title: Stock to Watch: ArielAuthor: By Geeta SundarmoorthyDeck:Story:Ariel, a Cranbury-based provider of high-density remote access modem cards for accessing Internet and other online services, went on a roller coaster ride on Wall Street in the last 10 days. Signs suggest the ride may now bein its last lap. The day before Thanksgiving, Ariel (Nasdaq:ADSP) announced its product had received worldwide certification for connection to international digital telephone networks. It also said that Internet Service Providers (ISPs) who use Arielås remote access card to connect to the worldås major network will spend $100 per port less than those of its competitors--Lucent Technologies, Cisco and Ascend, now part of Lucent. That day the companyås stock rose almost 202% to $10.75. The day after Thanksgiving, investors were still celebrating the news. In a dizzying day of trading on November 26, Arielås stock, which was languishing below $5 for much of this year, went as high as $57, and finally closed at $37, an increase of nearly 245%. In one week, Arielås stock rose from $3.72 to $37--a 10-fold increase. But when Wall Street took a second look, the news about Arielås modem didnåt seem as exciting. It was not a new patented technology, its competitors were giants and the market is limited. A couple of analysts then lowered their ratings, triggering a rapid descent of the stock from last Monday. Then other damaging opinions started to arrive. After the market closed on November 26, TheTruthseeker.com, an interactive online magazine, sent a warning on the stock saying, among other things, that Ariel is simply repackaging the product and has no manufacturing facility and that ãAriel is consumed in red ink and is almost out of cash.à The online magazine reissued its ãstrongest warning to dateà last week and recommended that investors sell. Following that, Mike Latimore of John G. Kinnard, a securities investment company, lowered his rating to a ãsellà from a ãneutral,à and Anthony Stoss of EarlyBird Capital cut his rating to a ãholdà from a ãbuy.à Latimore told Bloomberg last Monday, ãTheir [Arielås] track record is not quite developed yet. They have good technology, but they donåt deserve to be at this premium.à He also said that the company is short of cash, with only about $6 million in hand and is using $2 million a quarter. Arielås shares fell $22.5 that day to $14.50. Since then, the stock has been hovering between $12 and $14. Last Friday, the shares closed dropped to $10.75. Jim Nicholson, president of Westgate Capital Management, told RadioWallStreet.com in an interview last Wednesday that over time, the stock price will come down to single digits. Even if the market momentum keeps the price up for while, it canåt last long, he added. Nicholson pointed out that offering similar products $100 cheaper per port than Lucent and Cisco is not going to help the company. ãThese companies can quickly adjust their prices to compete with Ariel. I canåt imagine that Lucent and Cisco cannot offer cheaper products thanAriel.à Nicholson advised anybody who is holding on to the stock to be careful and sell as soon as possible. He cautioned investors that the stock should not be trading so high. ãIt is not fundamentals, it is simply momentum that is keeping the stock in the current range, à he said. ãIt was overdone even at $10. It would be different if they had developed a new or patentedtechnology.à After acknowledging high activity in its stock as it hit new highs, company officials havemade no comment.