NEW YORK Dec 2 ParkerVision Inc. (PRKR.O), a
wireless technology company valued at about $250 million, has
attracted a short-seller who is "convinced that ParkerVision is
worthless", Barron's reported on Sunday.
The investors' weekly said the short seller is Silicon
Valley inventor, entrepreneur and venture investor Mike
Farmwald, who co-founded Rambus Inc. (RMBS.O) among other
However, the report also cites an investor in the stock,
David Cumming, who thinks ParkerVision has interesting
technology and believes the company is negotiating with major
ParkerVision said when it reported third quarter earnings
in November that it was focused on securing licensing
arrangements in the commercial wireless handset marketplace and
was confident its efforts would result in adoption of its
technology into products for the cellular handset market.
It reported a third quarter loss last month of $4.7 million
and service revenue of $194,000.
Barron's sums up its article saying: "ParkerVision finally
has run up against investors with the technical savvy to
measure the stock's worth: probably zero".
A ParkerVision representative declined comment when reached
earlier on Sunday.
The company's shares closed on Friday at $9.83, down 39
percent from a life high of $16 on Oct. 26.
(Reporting by Megan Davies; Editing by Ian Geoghegan)