Star Data Denies It's For Sale, Despite Stock Fluctuations

EARNINGS REPORT

TORONTO--Despite recent trading patterns of the company's shares pointing to the possibility of a takeover, Canadian market data vendor Star Data Systems Inc. maintains that it is not for sale.

The announcement two weeks ago of a net loss of C$19.5 million for the nine months ended Feb. 28 sent Star Data's share price down 12 percent. However, the trading range of the stock price has widened considerably over the past six months to between C$1.50 and C$2.00 per month from C50 cents or so per

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