Latest SEC Filings Show Institutional Holdings Up for Applied Digital Solutions.Business Editors/High Tech Writers PALM BEACH, Fla.--(BUSINESS WIRE)--May 18, 2000 The latest filings with the SEC show a strong increase in institutional ownership for Applied Digital Solutions, Inc. (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 :ADSX ADSX Applied Digital Solutions, Inc. (stock symbol) ). 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. the latest 13g, 13d, and/or 13f filings, institutional holdings stood at 3.182 million shares or 6.49%. The number of institutions holding Applied Digital Solutions common stock increased to 29. The filings indicate the top five holders as Locken, Chestnut and Cape, Barclays Global Investments, Suffolk Capital Management, Morgan Stanley Dean Witter Investment Management, and Dimensional Fund Advisors Dimensional Fund Advisors is an investment firm that develops mutual funds grounded in academic research. The company was founded in 1981 by David Booth and Rex Sinquefield, both M.B.A. . Others having filed reports of ownership include Bear Stearns Asset Management, American Century Investment Management, Goldman Sachs. Richard J. Sullivan, Chairman and 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 Applied, commented on the continued increase: "Clearly, our message is being heard over the clamor of a difficult market. We are extremely pleased to be able to report this increase in from the most recent filings." About Applied Digital Solutions, Inc. Applied Digital Solutions, Inc. is an e-business to business solutions provider offering Internet, telecom, LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. and software services to a wide variety of businesses throughout North America. Applied Digital Solutions differentiates itself in the marketplace by enabling e-business through Computer-Telephony-Internet Integration (CTII CTII Comprehensive Technologies International, Inc. ). With five-year revenue growth (from 1994 to 1998) of 64,012%, Applied Digital Solutions was ranked as the fifth fastest-growing technology company by Deloitte & Touche in its 1999 Technology Fast 500 listing. For more information, visit the Company's web site at http://www.adsx.com . Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are `forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. The Company intends that such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. |
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