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Reuters: V-ONE stock unwinds amid confusion on price target

Dec 01, 1999, 18:27 (0 Talkback[s])

"Shares of Internet security software maker V-ONE Corp. fell back sharply on Wednesday from the lofty gains it posted Tuesday after the company announced new products based on Linux software system...."

"Some of the initial selling pressure may have stemmed from a report on ZDNet's Interactive Investor online news site that LaSalle Securities -- the only brokerage covering the stock -- had a $3 target price on the stock."

"However, a spokesman for the firm denied that target. Mike Grady, director of research for LaSalle, a Chicago-based investment firm, said analyst Elan Danon had been "misquoted" and that the firm's target price on the stock remained $8.50."

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