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Biotech / Medical : CYBR CyberCare the new look of healthcare -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (1975)	5/26/2000 12:11:00 AM
From: Tadsamillionaire	Read Replies (1) \| Respond to of 3392

The company vehemently denies the charges lodged in the suits and contends that its troubles stem from short-sellers trying to make a killing on the stock. Danny Bivins, Cyber-Care senior VP and general counsel, characterized the SEC investigation as "an informal inquiry regarding Cyber-Care and its stock." The SEC, he said, "has indicated to us that their undertaking of the inquiry should be in no way construed to be any inference of wrongdoing. And we know of no wrongdoing." SEC attorney James Sallah has talked to several Cyber-Care business partners over the last weeks, apparently comparing Cyber-Care press releases to the actual state of contract arrangements between Cyber-Care and other firms. One such contact was Charles Kight, administrator for the Florida Agency of Health Care Administration, who said that Sallah contacted him last week and asked whether he felt a press release by the company in December accurately characterized the state of negotiations, adding that the inquiry was routine and that it did not indicate the company had done anything wrong. The company indicated that the state had agreed to test Cyber-Care's home monitoring system, the Electronic HouseCall System, with 25 of its patients. Kight said he told Sallah that he felt Cyber-Care's information was technically accurate, but that no contract was as yet worked out. "We considered it a bit premature. We just don't want to mislead people," Kight said. The Electronic HouseCall System is an Internet-based health care monitoring device that lets doctors and nurses monitor patients from home in real time. dbusiness.com