To: stan s. who wrote (11523 ) 8/25/2000 12:44:12 PM From: KevinMark Respond to It wouldn't surprise me if the Mob was behind this or a major disgruntled employee(insider). PR's work in this manner. You set up your account with the news source of choice. The company is billed a monthly charge for the service, depending on which one. They are charged by the individual PR as well. Once the account is set up, all the company has to do is use a fax machine FROM their location to send over the PR. Then news source will broadcast it accordingly, depending on the service. Now, if you want to be recipient of these news releases 1st hand, you must set up a T1 line with a min of at least 1 server. You will be charged about 1-2k per month to get news as it hits the wires. That's why traders always see a 15 min lag time for PR's. Normally after you see the PR, the big boys have already received the news, and trade according. They have spent the $$$$$$'s in order to get this info 1st. Therefore, there's definitely criminal activity involved, the ? is.....was it an inside/outside job.
