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Technology Stocks : Network Solutions (NSOL) -- Ignore unavailable to you. Want to Upgrade?

To: Zainul Hamza who wrote (594)	3/25/1999 7:06:00 PM
From: stockvalinvestor	Respond to of 1377

NEW NEWS: Network Solutions Notes Short Seller Action HERNDON, Va--(BUSINESS WIRE)--March 25, 1999-- Network Solutions, Inc. (NASDAQ: NSOL - news), the world leader in Web address registrations, today acknowledged that it has become the subject of a short seller action. Asensio and Co. is self-described as ''actively engaged in short selling'' and today issued a strong sell and short sell recommendation on Network Solutions. Network Solutions' corporate policy is not to comment on any analyst reports whether positive or negative. Network Solutions notes, however, that the reports of Asensio and Company contain numerous inaccuracies and that Asensio and Co. has never spoken with Network Solutions management. Network Solutions believes it is in full compliance with all obligations under securities laws. Network Solutions denies that it has ''purposely disseminated misleading information and failed to disclose material negative information,'' as claimed in the Asensio report. Network Solutions stands by its public statements included in its reports filed with the Securities and Exchange Commission and in its other public announcements. About Network Solutions Founded in 1979, Network Solutions, Inc. (NASDAQ: NSOL - news) pioneered the development of registering Web addresses ending in .com, .net, .org and .edu. Network Solutions also provides Internet Technology Services that assist large commercial organizations in the evolution and management of their Internet technologies. For more information, see the www.networksolutions.com Web site. Network Solutions registers the majority of Web addresses through agreements with Internet companies around the globe, including more than 70 domestic and 90 international companies in its Premier program. Network Solutions has created value-added small business solutions through agreements with leading companies including American Express (NYSE:AXP - news). Through its Alliance program, Network Solutions works closely with EarthLink (NASDAQ: ELNK - news), MindSpring Enterprises, Inc. (NASDAQ: MSPG - news), Sage Networks, Inc., and ValueWeb. Network Solutions has also entered into marketing agreements with companies including Yahoo! Inc. (NASDAQ: YHOO - news) and Netscape Communications Corporation (NASDAQ: NSCP - news). Statements in this announcement other than historical data and information constitute forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, uncertainty of Internet governance and regulation, increased competition in the domain name registration business, customer acceptance of new products and services offered by the company in addition to or as enhancements of its registration services, risks associated with the company's international business, uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. More information about potential factors that could affect the company's business and financial results is included in the company's filings with the Securities and Exchange Commission, especially in the company's Registration Statement on Form S-3 filed on January 4, 1999, as amended, Annual Report on Form 10-K for the year ended December 31, 1997 and Quarterly Reports on Form 10-Q for the periods ended March 31, 1998, June 30, 1998 and September 30, 1998.