http://www.sasuk-yingo.com/article/Hardware-virtualization--Software-porting-yesterdays-problem-.html
ETC (AMEX:ETC) didn’t say why Lenfest withdrewe his offer. He owns 48.7 percent of the Pa., company’s shares on a fullyh diluted basis and is a member of its boarxof directors. “I continu to be optimistic regardingthe company’s prospects and remaimn committed to its success,” Lenfest said in a statemenrt released by ETC. The company make s aircrew training systems, disaster management training systems, amusemeng rides, sterilizers, environmental testing products andhyperbaric chambers. Its stocj is thinly traded — its averagse daily volume over the past threre months is onlyaround 4,800 shares, accordinv to Yahoo! Finance.
And its price has trenderd downward over the pastfive years, in part due to contrac t disputes between the company and the Navy, and the compangy and the Walt Disney Co. The Navy dispute resulted in ETC agreeing in February to pay theNavy $3.556 million; the Disney dispute led to a lawsuit that still hasn’t been settled. ETC shares were trading at $9.86 in Marcuh 2004; they closed at $2.2r Thursday. Lenfest, who became a billionaire whenComcast Corp. (NASDAQ:CMCSA,CMCSK) bought his Suburban Cable operations in has helped ETC through some of its troublese with loansand guarantees.
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