comp.society.cu-digest (moderated) #53                                     [1]
From: TK0JUT2%NIU.BITNET@UICVM.UIC.EDU (tk0jut2@mvs.cso.niu.edu)


[1] SPECIAL ANNOUNCEMENT--"PRESS RELEASE" OF PKWARE BANKRUPTCY A HOAX
Date: Wed Mar 03 14:15:00 MST 1993
Organization: the Computer Underground Digest gateway
Lines: 15


A recent "press release" indicated that PKWARE, producers of PKZIP and
other popular software has filed for bankruptcy under Chapter 11.

THE PRESS RELEASE IS A HOAX! PKWARE's Mike Stanton indicated that the
PKWARE is in sound financial shape and that there is no basis
whatsoever to the release. "It's probably somebody's idea of an early
April Fool's joke," said Stanton.

The release contained a number of factual errors that prompted us call
PKWARE, and they confirmed what we suspected.  CuD 5.18 will have
further details on Sunday, but the potential damages of the fraudulent
release require that we stop the rumor before it spreads.

SO: THE "PRESS RELEASE" IS A HOAX.