FIRMS ATTRIBUTE STOCKS' SLIDE TO BROKERAGE FIRM DIFFICULTIES.Byline: Deborah Adamson Daily News Staff Writer Officials with a Westlake Village software firm and a Studio City deli say a steep drop in their companies' stock prices over the past 10 days are tied to the problems of a Century City brokerage firm that took the companies public. Meanwhile, officials with the brokerage firm said they should be returning to normal operations Generally and collectively, the broad functions that a combatant commander undertakes when assigned responsibility for a given geographic or functional area. Except as otherwise qualified in certain unified command plan paragraphs that relate to particular commands, "normal operations" of later this week. The stock price of Westlake Village's Sound Source Interactive Inc., publishers of Star Trek  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. game software and other titles, closed at
$2.31 on Wednesday, 42 percent lower than its March 10 close of $4 a
share.
The company believes the drop likely was caused by problems at Boston Group L.P., its underwriter and primary market maker. ``Toward the end of last week, our stock took a significant drop,'' said Sound Source spokeswoman Donna Sava. ``There was no material change in the company to warrant this drop in price.'' Last week, the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. ordered stockbrokers of Century City-based Boston Group to stop soliciting new business. Boston Group, which took Sound Source and Jerry's Famous Deli Wikipedia is not the place for advertisement or self-advertising. Jerry's Famous Deli is a Los Angeles-based delicatessen famous for its huge menu, which boasts over 700 deli and traditional food items. Inc. in Studio City public, suffered a drop in net capital to below the regulatory requirement Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. of $250,000 for its size. Boston Group officials said the drop was due to short sellers driving down the price of seven issues in its inventory, which include the two Valley firms. Short selling Short Selling The selling of a security that the seller does not own, or any sale that is completed by the delivery of a security borrowed by the seller. Short sellers assume that they will be able to buy the stock at a lower amount than the price at which they sold short. is a technique typically used when a stock is expected to drop in price. Short sellers sell borrowed stock, betting that they can purchase the same number of shares back when the price falls. Kye Hellmers, vice chairman of Boston Group, declined to comment on Sound Source's speculation. But he said the firm expects to resume normal operations this week. The Boston Group has reached preliminary agreements with a group of investors to buy equity interest in the company and for Wexford Management LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an investment management firm, to provide capital in the form of debt. Among the investors is Joseph M. Salvani, a former senior analyst at Goldman, Sachs and a former general partner of Steinhardt Partners. Isaac Starkman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Jerry's Famous Deli, said the 22 percent decline in his company's stock price - from $5.13 to $4 on Wednesday - is a short-term effect. ``I think it's very temporary,'' he said. ``It's got nothing to do with the value and well-being of the company at all.'' CAPTION(S): Chart Chart: (Color) A TALE OF TWO STOCKS Daily News |
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