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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (11086)2/13/2003 11:02:33 PM
From: Sir Auric Goldfinger  Read Replies (4) | Respond to of 19428
 
Reminds me of the Nixon tapes & Rosemary Woods...



To: RockyBalboa who wrote (11086)2/14/2003 2:30:34 PM
From: StockDung  Respond to of 19428
 
Medi-Hut Announces Delay in Form 10-K Filing

WALL TOWNSHIP, N.J.--(BUSINESS WIRE)--Feb. 13, 2003--Medi-Hut (Nasdaq:MHUT) reported today due to the previously announced seizure from the Company on November 22, 2002 by the Federal Bureau of Investigation of certain documents and information, it will be delayed in completing and filing its Annual Report on Form 10-K for the year ended October 31, 2002 with the Securities and Exchange Commission. Medi-Hut has now received copies of the documents and information that was seized and expects to be able to complete and file its Annual Report on Form 10-K in early March 2003.

Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.

CONTACT:

Medi-Hut Co., Inc., Wall Township

Adele Ehlin, Chief, Investor Relations, 732/919-2799

SOURCE: Medi-Hut Co., Inc.

Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com

02/13/2003 13:52 EASTERN



To: RockyBalboa who wrote (11086)2/14/2003 3:23:15 PM
From: StockDung  Respond to of 19428
 
Telsim Family Fraud Trial to Begin Without Them

NEW YORK (Reuters) - The trial for owners of Turkey's No. 2 wireless operator Telsim -- sued for billions of dollars by cell-phone makers Motorola Inc. (MOT.N) and Nokia (NOK1V.HE) (NOK.N) -- is set to begin next week, but the Uzans and their attorneys will not be there.

Counsel for the Uzans, one of Turkey's wealthiest families, said in a recent filing the Uzans would not take part in the fraud trial, which starts Tuesday in U.S. District Court in New York City. Judge Jed Rakoff will decide the case's outcome.

"They will not introduce any evidence or conduct any examinations or present any witnesses in connection with the trial," the Uzans' attorneys wrote in a document filed with the court last month.

In January 2002, Motorola and Finland's Nokia sued several Uzan family members, alleging they borrowed almost $3 billion from the companies with no intention of repaying the loans. In their lawsuit, the companies allege fraud under U.S. anti-racketeering laws and seek repayment plus damages.

The family's attorneys have repeatedly said the U.S. court does not have jurisdiction in the case. The Uzans "continue to contest the jurisdiction of this (U.S.) court and will oppose any efforts to enforce any judgment abroad," the attorneys said in the January filing.

That stance has not changed, Uzan spokesman Gerald McKelvey said. He declined to comment further.

The lawsuit, when it was filed, was seen as a setback for Turkey's efforts to attract the international investment.

Motorola last year wrote off the $2 billion loan it made to Telsim, but the Chicago area-based company has repeatedly said it will continue trying to recover the money. Nokia has written off its $700 million loan.

Motorola has been having courts around the world freeze assets of the Uzans as part of its effort to recover its money. In December and January, a British judge sentenced members of the family to several months in prison in absentia for contempt of court after they failed to show up for hearings related to an accounting of family assets.

Telsim, in turn, has initiated arbitration proceedings with the International Chamber of Commerce's arbitration court in Paris and is seeking almost $300 million in damages from Motorola for what it claimed was faulty equipment.

Rakoff said in court last month that the Uzans absence gives rise to "the overwhelming influence that they never had any intention to fully and fairly litigate this matter, or to abide by the rule of law or to do anything but thumb their noses at the courts of the United States," according to a transcript of the Jan. 31 hearing.

Since Rakoff will decide the outcome, the case is expected to last one to three days, with a written decision to follow after that.


02/14/03 15:14 ET