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DIALOG BLAMES MYSTERY MEN FOR SHARE PLUNGE

News, 01 July 1999

THEY’RE AT IT AGAIN! Those anonymous mystery plotters out to rain on Desperate Dan’s parade! Dan Wagner, colourful chief executive of the cash-strapped Dialog Corporation, accused unidentified ‘investors’ of disseminating misleading information about his company via e-mail, thereby causing otherwise inexplicable rises and falls in Dialog’s share price. One such e-mail implied that Dialog was on the verge of a major deal with US cable group @Home - which never materialised, leading at least three Dialog shareholders to complain to the Stock Exchange. Despite this dastardly plot, Dan has managed to pull off a nice little (unquantified) earner with Fujitsu, in which Dialog will license its InfoSort software to the Japanese IT giant. [Those with long memories will recall Dan railing against similarly anonymous villains in ‘Liechtenstein, Jersey and Monte Carlo’ who, back in 1997, allegedly indulged in ‘disgraceful and immoral’ short-selling of Dialog - then Maid - shares, causing the price to plummet.]