Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: synchro_fan who wrote (53174)	6/25/2002 3:01:09 PM
From: stockman_scott	Respond to of 65232

<<Nice little break while I am packing up my house>> Hey Syncie: Great to hear from ya...are you moving...? -Scott

To: synchro_fan who wrote (53174)	6/25/2002 3:19:10 PM
From: stockman_scott	Respond to of 65232

Martha Stewart Says She'll Be Exonerated Tuesday June 25, 2:05 pm Eastern Time NEW YORK (Reuters) - An exasperated Martha Stewart told television viewers on Tuesday she hoped her entanglement in an insider trading scandal would be resolved soon and she would "be exonerated of any ridiculousness." Stewart, during a regularly scheduled appearance on CBS' "The Early Show," chopped cabbage while answering questions about her sale of shares of biotechnology company ImClone Systems Inc. (NasdaqNM:IMCL - News) Her shares were sold a day before ImClone's stock plummeted on news its experimental cancer drug was rejected by the U.S. Food and Drug Administration. The embattled chief executive of Martha Stewart Living Omnimedia (NYSE:MSO - News) has repeatedly denied any wrongdoing. She has said she had an agreement with her broker to sell her ImClone stock, almost 4,000 shares, if it fell below $60 a share. "I'm just not at liberty at this time to make any comments whatsoever," she said to Early Show host Jane Clayson. "I certainly hope that the matter is resolved in the very near future." Shares of Martha Stewart Living Omnimedia have tumbled 34 percent since June 6, when reports of her ImClone trading surfaced. The stock on Tuesday rose 2 percent to $12.80 in morning trade on the New York Stock Exchange. Rep. James Greenwood, a Pennsylvania Republican who chairs a House subcommittee that is probing ImClone, said his investigation of Stewart's stock trade was continuing and said she should be presumed innocent. "I know Ms. Stewart is taking a pounding in the tabloids. She deserves certainly the presumption of innocence until and unless the facts determine otherwise," Greenwood said on ABC's "Good Morning America" television program. Stewart is a close friend of Sam Waksal, the former chief executive of ImClone. Waksal was arrested two weeks ago on charges of insider trading. The home decorating and design diva appeared on the CBS morning show to make salads, which Stewart said she would rather talk about than ImClone. "I have been the subject of very favorable reporting and very unfavorable reporting over the years... I choose to go ahead with my work, to concentrate on the good work my company does," said Stewart. "I want to focus on my salad," she said.