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Despite Reports Google Did Not Just Buy ICOA

Posted by samzenpus on from the someone's-in-trouble dept.

alphatel writes "In an odd PRWeb snafu, a press release was issued citing sources at Google as having acquired wireless carrier ICOA for $400 million. In full-out retraction, both companies denied the deal outright. Is this a case of pre-release or simply false PR by a third party? Could such incidents be used for pump and dump schemes?" ZDNet reports that, "at midday, more than 3 billion shares (pink sheets) traded over the counter for ICOA."

1 of 55 comments (clear)

  1. Re:Sound like the usual pink sheet scam by squiggleslash · · Score: 3, Interesting

    Quite. In my experience, most large corporations, and quite a few small ones, have memos lying around reporting a forthcoming sale to Google. Only last week there was a near riot when Exxon corporation nearly released their's.

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