Yesterday, ParkerVision, Inc. (NASDAQ: PRKR) (Price: $25.25) finally announced its long-awaited Symbol Technologies, Inc. (NYSE: SBL) licensing agreement. The agreement had been disclosed long before the announcement, and ParkerVision had already received payment. As expected, ParkerVision refused to disclose any details that could be used to determine the value of the alleged agreement. On September 22, 1999, Symbol Technologies, Inc. (NYSE: SBL) announced an OEM agreement with Criticare Systems, Inc. (NASDAQ: CXIM). The release contained a quote by Richard Bravman, Senior Vice-President of Symbol’s Wireless Systems Division. Mr. Bravman was also quoted in yesterday’s ParkerVision press release announcing the alleged Symbol deal.
On October 6, 1999, 14 days after Mr. Bravman’s quote, NASDAQ halted trading in Criticare’s stock. The trading halt remains in effect. The halt resulted from Criticare’s filing of a Form 10K without an audited statement. The company’s auditors, Deloitte & Touche LLP, are reported to have resigned.
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