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Article: BAD DATA SEND TDK SHARES PLUNGING NEW FISCAL YEAR CHANGE TO BLAME.(Business)(Statistical Data Included)
- Article from:
- Daily News (Los Angeles, CA)
- Article date:
- July 4, 2001
CopyrightCOPYRIGHT 2001 Daily News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Gregory J. Wilcox Staff Writer
CALABASAS - Shares of TDK Mediactive Inc. plunged 24.69 percent Tuesday and company officials think they know what happened.
Officials at the OTC Bulletin Board posted some erroneous information about the entertainment software publisher.
And it is the second time this has happened.
TDK officials are understandably upset about the problem.
The OTC flagged the company's stock symbol June 29 with the letter ``E'' indicating TDK was not in compliance with Securities and Exchange Commission filing requirements.
That's not the case, said TDK chief financial officer Martin Paravato.