Asensio & Company, Inc. Announces Investment Opinion on ParkerVision, Inc.Business Editors NOTE TO EDITORS: The following is an investment opinion issued by Asensio & Company, Inc. NEW YORK--(BUSINESS WIRE)--March 20, 2003 Little Secrets Spill out Verb 1. spill out - be disgorged; "The crowds spilled out into the streets" spill over, pour out pour, pullulate, swarm, teem, stream - move in large numbers; "people were pouring out of the theater"; "beggars pullulated in the plaza" about a Barron's Roundtable Favorite According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a Schedule 13G Schedule 13G An SEC form similar to the Schedule 13D used to report a party's ownership of stock that is over 5% of the company. Schedule 13G is shorter and requires less information from the filing party. filed with the SEC, Banca del Gottardo ("Gottardo") has beneficially owned 22.5% of ParkerVision, Inc. since 1996 and never disclosed its holdings to the public or ParkerVision's own shareholders until January 30, 2003. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PRKR) (PRICE: $5.13). Gottardo's reported holdings would make them the largest owner of ParkerVision stock. According to the SEC filing, the "event" that required the filing occurred on June 25, 1996. In the years that have followed, ParkerVision has not made a single sale of its claimed "revolutionary" new wireless technology. Interestingly, ParkerVision's wireless stock promotion began in 1996. This filing appears to be the first time that Gottardo has filed to show any beneficial ownership in ParkerVision's stock. Gottardo does not show up as a holder in ParkerVision's 2002 proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. , or in any of the seven annual proxy statements ParkerVision has filed since the previously unreported 1996 "event". In addition, Francesco Bolgiani who served as Deputy Chairman at Gottardo also served as a director of ParkerVision. Even when Mr. Bolgiani's beneficial ownership was disclosed in 1999, no mention is made of Gottardo's holdings. Investor advocates (commonly referred to as "short sellers" by the media) see a different side of Wall Street than that presented by the financial press. ParkerVision was considered a Wall Street insider "darling" when it was promoted by Oscar Schaffer in the Barron's Round Table and by former Neuberger Berman Neuberger Berman Inc., through its subsidaries, primarily Neuberger Berman, LLC, is an investment advisory firm founded in 1939 by Roy R. Neuberger and Robert Berman, to manage money for high net worth individuals. money-manager Jack Ferraro. Asensio & Company initially published reports in September 1999 about questionable dealings at ParkerVision that included detailed engineering analyses showing that ParkerVision's most significant statements regarding its product were completely false. After our reports were published, Forbes, Fortune and the Wall Street Journal also reported on ParkerVision. Shortly after our reports and the articles, Jack Ferraro was suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. from Neuberger Berman and left the firm in 2000. However, even after our reports and the subsequent media articles regarding ParkerVision's highly questionable promotion, Tyco International For the unrelated division of Mattel, see . Tyco International Ltd. NYSE: TYC is a diversified manufacturing conglomerate incorporated in Bermuda, with United States operational headquarters in New Jersey. Ltd. and Leucadia National Leucadia National Corporation (traded on the New York Stock Exchange as LUK) is a holding company that, through its subsidiaries, engages in mining & drilling services, telecommunications, healthcare services, manufacturing, banking and lending, real estate, and winery businesses Corporation made significant investments in ParkerVision in 2000. ParkerVision's stock is currently trading at $5.13 per share down 91% from a high of $56.44 per share on October 31, 2000, five months after the Tyco and Leucadia investments. Current members of ParkerVision's Board include a Tyco executive and a former executive from Winstar Communications, Inc., another scam (SCSI Configured AutoMatically) A subset of Plug and Play that allows SCSI IDs to be changed by software rather than by flipping switches or changing jumpers. Both the SCSI host adapter and peripheral must support SCAM. See SCSI. uncovered by many investor advocates including Asensio & Company, Inc. ParkerVision stock schemes seem widespread. On May 31, 2001, the SEC filed a securities fraud lawsuit against Burton G. Friedlander for artificially inflating the value of his Friedlander International hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" . In 2002, District Judge Kimba M. Wood appointed a receiver for Friedlander's funds after it came to light that Friedlander had allegedly negotiated a deal to sell a large block of ParkerVision stock held by the fund without consulting shareholders or reporting the deal to the SEC or the court. In addition, in November 1999 ParkerVision's underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. Whale Securities and its principal James Whitten were charged with stock fraud for illegally promoting and receiving illegal compensation in connection with the promotion of certain companies including ParkerVision. 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