Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

SI - Site Forums : The History of Silicon Investor -- Ignore unavailable to you. Want to Upgrade?

To: Josef Svejk who wrote (668)	4/11/1999 5:36:00 PM
From: Cisco	Read Replies (1) \| Respond to of 1327

Silicon Investor's Demographics: go2net.com This may be old news, but it was new to me and I suspect to others. Cisco

To: Josef Svejk who wrote (668)	4/15/1999 1:48:00 PM
From: bob	Read Replies (1) \| Respond to of 1327

April 15, 1999 PairGain Employee Is Arrested On Fraud Charge in Stock Case An INTERACTIVE JOURNAL News Roundup The Los Angeles U.S. attorney's office said it filed a fraud case and arrested a PairGain Technologies Inc. employee for allegedly posting bogus messages on the Web that sent the company's stock gyrating last week. A spokesman for the U.S. attorney said the case against the employee, Gary Hoke, was filed in North Carolina. The PairGain hoax prompted substantial media and Wall Street attention last week, when it was discovered that someone had posted a bogus message on Yahoo! Inc.'s finance message board about a supposed buyout of the Tustin, Calif., maker of communications gear. The spokesman said Mr. Hoke was accused of fraud for posting the allegedly bogus news story and related message. It wasn't immediately known whether Mr. Hoke is represented by an attorney who could speak for him. The spokesman said the papers have been unsealed and would be made public shortly. Officials from PairGain and Internet portal Lycos Inc. said last week that they were contacted last Thursday by Securities and Exchange Commission officials, a day after the scam that briefly sent PairGain's stock soaring 32%. In the hoax, Lycos's Angelfire Web-page service was used to post a Web page that purported to be a Bloomberg News site with a news article about a supposed $1.35 billion takeover. News of the fake buyout was spread via Internet message boards, causing the stock to rise, and wasn't exposed as a fraud for several hours. As soon as Lycos was informed of the fraud, the company removed the suspect Web page and secured whatever information it had about the person who posted it. --Andy Pasztor of The Wall Street Journal contributed to this article.