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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: FJB who wrote (18312)3/30/1998 5:25:00 PM
From: Laker  Respond to of 70976
 
Re: I can't find any info on an Ultratech warning from today. Can you post more info or a link?

What happened to making such disclosures after the market closes...maybe a 3:47 pm announcement resulted from somebody spilling the beans during the day and the regulators said come clean.

It wasn't on PRnewswire that's for sure. You can only pull this stuff so much before people vote with their dollars and walk away.



To: FJB who wrote (18312)3/30/1998 7:53:00 PM
From: David Aegis  Read Replies (2) | Respond to of 70976
 
There was no Ultratech warning. Dow Jones pulled excerpts of cautionary statements from the previous quarter's EPS press release and from the "Risk Factors" section UTEK's newly-released 10-K to do a hatchet job on UTEK. There is a huge short position in UTEK. One of the shorts is rumored to be Jeff "Pump and Dump" Vinik, formerly of the Magellan Fund. (I thought Pumpty Dumpty should have gone to jail for the number he did on Micron Technology back in '96, instead he spun himself off into a fat paycheck, $1 billion hedge fund gig--where's the justice?) I would not put it past one of the UTEK shorts to have fed the 10-K information to a friendly reporter at Dow Jones.

--David