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Technology Stocks : Axon Enterprise, Inc. (AXON), formerly Taser Intl. -- Ignore unavailable to you. Want to Upgrade?

To: bruiser who wrote (417)	1/11/2005 10:50:04 AM
From: John Carragher	Respond to of 974

Taser sees order delays, falling shares Company says police to test competitors' products in first half of '05; defends execs' stock sales. January 11, 2005: 9:58 AM EST NEW YORK (Reuters) - Taser International said Tuesday it could see delays in orders in the first half of 2005 as law enforcement agencies test products from new competitors to the stun-gun manufacturer. The warning sent Taser's (down $3.50 to $16.55, Research) shares down more than 12.8 percent in pre-market trading following a heavy fall last week after the company said the Securities and Exchange Commission was investigating company statements about the safety of its weapons. Taser's comments, contained in a letter to shareholders, comes as the company is grappling with slowing quarter-to-quarter sales growth. The company also said it received questions about large sales of stock by executives last year as shares hit all-time highs. "We still retain a significant position in Taser International, which at year-end comprised a significant majority of our personal assets," according to the letter, signed by Chief Executive Rick Smith and President Tom Smith. "We feel that the rumors about us 'bailing out' are not fair, nor accurate."