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Technology Stocks : TTRE: TTR Technologies, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (115)	8/18/2003 10:50:04 AM
From: afrayem onigwecher	Respond to of 120

TTR TECHNOLOGIES INC (TTRE) 0.16 - 0.19 (-54.29%)

To: StockDung who wrote (115)	8/18/2003 1:07:04 PM
From: afrayem onigwecher	Read Replies (2) \| Respond to of 120

SALE OF COMPANY INTEREST IN COMSIGN On May 23, 2003, the Company sold its entire 50% shareholder interest in ComSign Ltd. ("ComSign"). ComSign, an Israeli Company, currently serves as VeriSign, Inc.'s sole principal affiliate for Israel and the Palestinian Authority and exclusive marketer of VeriSign's digital authentication certificates and related services. The Company invested $2 million for its ownership interest in ComSign in 2000. During 2002, the Company wrote-down the entire goodwill associated with its investment in ComSign due to management's belief that the Company's investment in ComSign was impaired. Consequently, on May 23, 2003, the Company sold its entire 50% shareholder interest in ComSign to Comda (1985) Ltd., also an Israeli company and ComSign's other 50% shareholder, for the sum of $40,000 in cash. biz.yahoo.com