ParkerVision ships more of its product: shares of stock.

On November 13, 2003 ParkerVision, Inc. (NASDAQ: PRKR, $8.90) announced the private placement of 2.3 million newly issued shares of common stock for an aggregate purchase price of approximately $20.2 million. In the press release ParkerVision refers to itself as a leader in direct conversion radio technology. ParkerVision has never earned a single dollar from sales related to the alleged wireless technology it has been promoting for 8 years without any commercial success and has lost money every year since becoming a public company in 1993.

On October 30, 1995 ParkerVision began its stock promotion based on an alleged wireless technology. On December 10, 1997 ParkerVision announced its “universal direct conversion” wireless product as a “breakthrough in wireless radio frequency technology” with “chips now available.” In spite of several product development agreements that ParkerVision announced, no commercially successful product has ever incorporated ParkerVision’s “revolutionary” direct conversion technology.

ParkerVision has repeatedly made false claims about its ability to successfully bring to market products that use its wireless technology and earn revenues from its wireless technology (click here to see Table I: Chronology of selected wireless technology claims and announcements).

When ParkerVision began promoting its direct conversion technology in 1997 the market was much smaller than it is today and the technology ParkerVision was touting may have seemed interesting to investors. Today there are more than 20 makers of WLAN products. In other words, ParkerVision’s “pioneering new radio technology” never developed while its alleged “revolutionary” products are now widely available and commonplace from recognizable companies. ParkerVision is an insignificant, unrecognized, would-be participant in a mature market where competition between products is based largely on price.

ParkerVision began promoting its alleged “major breakthrough” in wireless technology over 8 years ago. ParkerVision has made repeated promotional claims to continue its stock promotion. It has used its shameful wireless promotion to increase its total number of shares outstanding from 8.7 million shares in January 1995 to approximately 18 million shares including the private placement announced on November 13, 2003. During this time, ParkerVision has lost $86 million dollars. Asensio & Company, Inc.’s research reports on ParkerVision, Inc. are available at www.asensio.com. All of our reports are covered by the terms and conditions of the mandatory user agreement located /?page_id=25. The statements below are a part of the user agreement whose entirety is incorporated herein by reference. These statements, and all of the statements contained in the mandatory user agreement, are intended to strictly limit our potential liability to you and your possible legal rights to the fullest extent of the law. Readers are advised to carefully read the entirety of the mandatory user agreement and strictly adhere to the directions given therein.

INVESTMENTS IN SECURITIES, COMMODITIES OR FUTURES HAVE INHERENT RISK, AND A PERSON TAKES SUCH RISKS KNOWINGLY AND BEARS FULL RESPONSIBILITY FOR HIS/HER OWN INVESTMENT RESEARCH AND DECISIONS. Use of this site is at your own risk. None of the information contained herein should be construed as an offer to sell or a solicitation of an offer to buy any securities. In cases where there exists controversy concerning a company’s disclosures, investors should not sell or buy their shares based on the theory that markets price securities efficiently. Furthermore, investors should not rely on the market to substitute for their own individual due diligence and deliberate decision making.

All of the information provided by Asensio & Company, Inc. at asensio.com must be taken as a whole and in its entirety. All of the statements on asensio.com involve, concern and are directed at public issues and public controversies of interest to the public at large. asensio.com contains no statements of fact. All of the statements published by asensio.com constitute written opinions and are not provided to assist any individual or entity in making any investment decision.

Posted in ParkerVision, Inc.

Manuel Asensio doesn’t bet often. But when he does, it’s wise to pay attention.

Paul Kaihla
eCompany Now
1 2 3 4 5 6 7 8 9
About Our Founder
Learn more about asensio.com's founder, Manuel P. Asensio, and the website's origins. Click here to be directed to Mr. Asensio’s professional biography.
Media Record
Click here to see selected articles that discuss asensio.com's work and its unique legacy. asensio.com also strives to maintain a complete record of articles dealing with the companies that are the subject of asensio.com research.
Investment Record
Click here to view a list of the companies that have been subjects of asensio.com reporting and click here to see the complete investment record.
Asensio and FINRA
Asensio & Company, Inc. and Manuel P. Asensio are the only dedicated short sellers ever to have been members of FINRA. This unique-minority membership created complications in the regulatory relationship. Being the first activist short investors and among the first FINRA member firms with a website added to the complexity. A statement by Mr. Asensio is available here. Information necessary to obtain a meaningful understanding of the dispute is available in complete form HERE.