“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.”