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Technology Stocks : Astropower (APWR) -- Ignore unavailable to you. Want to Upgrade?

To: Randy Ellingson who wrote (205)	4/22/2003 2:14:21 PM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 214

Because of failure to file their annual report in a timely manner, APWR is now trading under the symbol APWRE. The reasons given earlier for delaying the report are curious; namely, that they were waiting for information on two contracts. A company reports whatever information is at hand on the close of business for the quarter or the year. The only plausible reason for the delay would be that the results might look much worse than the company previously anticipated. As for the need to restate financial results, this is perplexing indeed, since until now there has never been any indication of shady dealings from this company. In fact, just the opposite is true. When the company originally went public, its Chairman and CEO deferred taking any salary until the company began to generate positive cash flow, taking his salary instead in the form of options. Also, there has been nothing unusual in insider transactions that would suggest any hanky panky. It's strange. Art Bechhoefer