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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (17738)	3/5/1999 10:51:00 PM
From: Anthony@Pacific	Read Replies (1) \| Respond to of 122087

Turbodyne Shares Seen Lower When Stock Resumes Trading March 8 Brussels, March 5 (Bloomberg) -- Turbodyne Technologies Inc. shares are expected to fall on March 8, when they resume trading after an inquiry by the Easdaq exchange into whether the company tried to mislead investors, traders said. Shares of the U.S. maker of pollution control equipment will be traded again on the Brussels-based Easdaq and in Frankfurt after Easdaq's market authority decided that Turbodyne's press releases haven't been ''intentionally misleading. ''It never helps investor confidence when a trade halt is put on a company's stock,'' said Nick Bealer, a trader at Quartz Capital Partners, one of the market makers in the stock. He said he expects Turbodyne shares to open 25 to 33 percent lower than their last trade on Easdaq, at $5.35. California-based Turbodyne makes pollution reduction, fuel economy and performance enhancing products for internal combustion engines. ''We clarified all of this,'' said Peter Kitzinski, the director of Turbodyne's European unit. ''Our statements were not even misleading, just a little too optimistic.'' The stock has been suspended since Jan. 21 on Easdaq -- an exchange for smaller stocks, modeled on the Nasdaq in the U.S. - - and since Feb. 26 on Nasdaq. --Thomas Mulier in the Brussels bureau (32-2) 285 4300 / ap Story illustration: For a graph of Turbodyne shares, see TRBD ES <Equity> GP <Go>. Company news: Industry news: TRBD US <Equity> CN Turbodyne NI MAC Machinery NI AUP Auto parts Regional news: News by category: NI CA California NI COS Companies NI US U.S. NI RULES Rules NI EASDAQ Easdaq NI NASDAQ Nasdaq NI EUROP Europe NI BELG Belgium For more on California manufacturing companies, see TNI CA MAC <Go>.