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Technology Stocks : TTRE (TTR Incorporated) -- Ignore unavailable to you. Want to Upgrade?


To: Sir Auric Goldfinger who wrote (539)3/18/2003 2:20:15 PM
From: afrayem onigwecher  Respond to of 609
 
TTR TECHS INC (TTRE)
0.39 é 0.0350 (+9.86%)



To: Sir Auric Goldfinger who wrote (539)4/1/2003 1:55:36 PM
From: afrayem onigwecher  Read Replies (1) | Respond to of 609
 
TTR Technologies Auditor Raises Going Concern Doubt

DOW JONES NEWSWIRES

WASHINGTON -- TTR Technologies Inc. (TTRE ) auditor Brightman Almagor & Co. raised substantial doubt about the company's ability to continue as a going concern, citing the company's recurring losses from operations.

The viability of the company's business depends on the completion of a pending transaction with Macrovision Corp. (MVSN), according to the company's annual report filed Monday with the Securities and Exchange Commission.

Macrovision said March 14 that an acquisition of TTR Technologies' copy-protection business wouldn't be completed by a March 15 walk-away date. The delay stemmed from a lack of approval by the Israeli Ministry of Trade and Commerce.

Macrovision, which offers technologies to prevent illicit copying of videotapes, discs and software, said in November it would pay $5 million to acquire TTR Technologies' business.

In Monday's filing, the company said it is working with Macrovision and the Israeli Ministry of Trade and Commerce to achieve a timely closing.

Brightman Almagor is a member of Deloitte Touche Tohmatsu, the filing said.

-Ben Siegel; Dow Jones Newswires; 202-628-7689

Updated April 1, 2003 12:33 p.m.



To: Sir Auric Goldfinger who wrote (539)6/14/2003 10:08:19 PM
From: afrayem onigwecher  Respond to of 609
 
The Company's former attorneys commenced an action in the state court in New York

14

in January 2003 seeking unpaid legal fees in the approximate amount of $300,000. The Company's answer denies the complaint's material allegations and alleges as defenses that it was over-billed in unreasonable amounts and otherwise damaged by the law firm's failure to advise properly in the shareholder litigation brought by Sturm et al. The case is in the discovery stage.

As of December 31, 2002, it is not possible to estimate the liability, if any, in connection with these matters. Accordingly, no accruals for these contingencies have been recorded.

From time to time the Company has been involved in other disputes and legal actions arising in the ordinary course of business.

In management's opinion, none of these other disputes and legal actions is expected to have a material impact on the Company's business or cash flow.


Filing Date: 3/31/2003 Form Type: 10-K

Since May 2002, the Company has retained the services of the law firm of
Budin & Partners, with which Steven Stein, Esq., the father of Mr. Daniel Stein,
the Company's Chief Executive Officer and President, was affiliated until March
2003. The Company paid to Budin & Partners during 2002 in the aggregate $70,305
in respect of services rendered. As of November 2002, the Company retained the
services of the law firm of ReedSmith LLP, to provide on-going legal services to
the Company and, in March 2003, Mr. Steven Stein agreed to serve as counsel to
ReedSmith LLP

TTR TECHNOLOGIES INC filed this 10-K on 03/31/2003.



To: Sir Auric Goldfinger who wrote (539)1/10/2004 6:18:58 PM
From: afrayem onigwecher  Read Replies (1) | Respond to of 609
 
JDS CAPITAL LP,BEN. OWNER,SELLS 3,045,800 ON 12/19/03 OF TTR TEC
2003-12-23 22:19 (New York)

FORM 4

SEC - ON 12/19/03, JDS CAPITAL LP, BENEFICIAL OWNER OF TTR TECHNOLOGIES
INC (TICKER:TTRE) SOLD 3,045,800 SHARES AT $0.16, HOLDINGS N/A.

The Washington Service reports only purchases and sales (both open
market and private) of common stock.

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