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

To: Sir Auric Goldfinger who wrote (805)	7/15/2001 4:04:06 AM
From: blebovits	Read Replies (1) \| Respond to of 924

NewsFinder MARKETWATCH NEWS NEWS SERVICES COMPANY RELEASES NEWS SEARCH Ticker/keyword: TickerKeyword Source: All MarketWatch NewsTop StoriesRealTime HeadlinesMarket PulseTV & Radio------FT MarketWatch News 3:14pm 07/13/01 Selling in Constellation 3D accelerates (CDDD) By Michael Baron Constellation 3D (CDDD) is plunging $1.28, or 32.6 percent, to $2.70, on heavy volume of 1.8 million. Earlier in the session, the shares plumbed a 52-week low of $2.46. The stock has lost almost 50 percent in the past three sessions. Dow Jones News Service ran a story Thursday on the stock's movement, noting that the company changed the terms of a secondary offering in a filing with the Securities and Exchange Commission Wednesday. The story said the change allows "a group of selling shareholders to immediately exercise 228,585 one-year warrant shares." A company spokesman told CBS MarketWatch that Constellation 3D has "an issue with the Dow story" and that the assertion that the change allows the warrant holders to sell immediately is incorrect. The spokesman did acknowledge the change in the offering, which amended the exercise price on the warrants in question to one penny from $10.15 and reduced the amount of stock to potentially be sold to 2.73 million from 3.25 million, but said that the warrant shares have yet to be registered for sale.