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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?


To: Art Bechhoefer who wrote (62635)4/14/2007 4:54:48 PM
From: rkral  Read Replies (1) | Respond to of 197032
 
"The Martin Act, a New York law that was adopted in an earlier anti-corruption effort, requires only that the questionable information led to a change in stock price; i.e., a manipulation of the stock price ..."

Ah, I see, the "10-k" quote was just a segue into your theory about the applicability of New York's Martin Act. But judging from QCOM and NOK price action to date, I see no connection between Nokia's PRs and securities fraud, intended or not ... so that conjecture seems ludicrous to me.

Besides now that Elliot Spitzer already is governor, we may not see any new cases based on the Martin Act. :-)