SCIENCE/TECHNOLOGY
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Compiled by Dean Takahashi and Cristina Lee, Times staff writers
Stock in Limbo: Trading in the stock of Southland Communications, which is being investigated by federal securities regulators, did not resume Monday after expiration of a suspension announced 10 days ago by the Securities and Exchange Commission.
The National Assn. of Securities Dealers has made no decision about whether to allow Southland stock to resume trading, said spokesman Enno Hobbing.
Meanwhile, Southland issued a statement on Monday saying that, despite rumors to the contrary, the company retains its biggest contract to provide pagers to Sears, Roebuck & Co. The company also said it continues to operate and “does not understand the reason for the unfounded, unconfirmed rumors concerning the company.”
