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To: jjs64 who wrote (892)3/20/2002 12:16:31 AM
From: StockDung  Respond to of 924
 
The Check Is in the E-Mail

"The check is in the mail" is a popular method of payment -- and a popular excuse to explain a delay. But thanks to the software company Comfinity, that soon may become "the check is in the e-mail" -- and the excuse could go out of business.

It sounds like a sort of modern Western Union, but Comfinity says it has found a way to send money by e-mail, or rather, via e-mail messages. Anyone wishing to send funds this way would register with PayPal, so the firm would know which account the cash was coming from.

As PayPal says, "just enter the recipient's e-mail address and the amount, and you are ready to beam money." When the recipient gets the message, he or she completes a one-page register at PayPal and names an account to which the money will be credited.

Experts say the system should allow users to send money in this way from palmtop computers or even between cellphones. PayPal swears its "strong encryption keeps your money safe and secure -- and a contract with every user protects your privacy."

Keep a close grip on your money this Christmas. Check out the Net Values newsletter. Subscribe at the ThirdAge Newsstand.



To: jjs64 who wrote (892)3/28/2002 9:19:50 AM
From: StockDung  Read Replies (1) | Respond to of 924
 
Constellation 3D fires 15 while waiting for private investment

globes.co.il

Constellation 3D fires 15 while waiting for private investment

Avishai Ovadya
25.03.2002 15:44

Sources inform ''Globes'' that Constellation 3D (Nasdaq: CDDD), which is suffering from a severe cash shortage has laid off 15 employees in a cost-cutting move.
The developer of Fluorescent Multilayer Disc (FMD) and Card (FMC) technologies was supposed to receive a $15 million cash transfusion from Switzerland's TIC Target Invest Consulting LLC, but the money has not arrived.

TIC pledged the investment last November as part of a bonds issues by Constellation 3D. Constellation 3D treasurer Ronen Yaffe says, "We were not scheduled to receive the money in November, but in January. However, there have been technical delays in listing the shares on Nasdaq, plus the Christmas break. Everything has been sorted out and the stock exchange has approved the allocation."

"Globes": So why hasn't the money arrived?

Yaffe: “There was a delay with the investors, but that was merely a technical matter relating to the European banks. They pledged the amount and the money will arrive by the end of the week, or next week.”

Are you sure?

“The made the pledge to US and to Nasdaq, so I think they’ll transfer the money very soon.”

Will the company close if the money does not arrive?

“We hope to receive a grant from the US Department of Defense, which has a program similar to the Office of the Chief Scientist in Israel. They’ll probably provide the support because our system has many defense applications.”

What’s the condition of your cash reserves now?

“I cannot comment on that. We will publish our fourth quarter and 2001 financial reports at the end of the month. We have sufficient money for a few more months.

“These are very difficult times, but there is light at the end of the tunnel. We will get the money soon, and we have several promising products under development that should be ready for market in just over a year from now.

“However, we are cutting back operations to reduce our current expenses, due to the situation. We laid off 15 employees, and now have a staff of 50. We cut salaries substantially – senior executives cut their pay by half. The cuts should keep the company going until the money arrives.”

Published by Israel's Business Arena on 25 March 2002



To: jjs64 who wrote (892)3/30/2002 4:41:10 PM
From: StockDung  Respond to of 924
 
YOAKOV ITZAK Notices of Proposed Sale Reported on Form 144 of
YOAKOV ITZAK Description
Click on the column header links to resort ascending () or descending ().

Company
Select a company below for more information. Relation File Date Shares Broker
CONSTELLATION 3D INC N 3/26/2002 235,749
SALOMON SMITH BARNEY INC
CONSTELLATION 3D INC CB 9/28/2000 25,000
SALOMON SMITH BARNEY INC
CONSTELLATION 3D INC SH 9/26/2000 25,000
SALOMON SMITH BARNEY INC
CONSTELLATION 3D INC CB 9/25/2000 25,000
SALOMAN SMITH BARNEY
CONSTELLATION 3D INC SH 9/14/2000 25,000
SALOMAN SMITH BARNEY



To: jjs64 who wrote (892)4/3/2002 5:48:30 PM
From: StockDung  Respond to of 924
 
sunncity.com