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Intra-day alert ADSX alerted at $3 7/16 on news of heavy insider buying...

-- 9/29/2000 1:45:00 PM Insiders buy ADSX shares Applied Digital Solutions (adsx: news, chart) is soaring 62 cents, or 20.8 percent, to $3.62, on news that officers and directors of the Palm Beach, Fla., e-business products purchased 1.64 million shares of the company's stock held in treasury since September 27. "The combination of market conditions and the technical aspects of our trading over the summer months has resulted in what we feel is an extremely undervalued situation for our stock," said Richard Sullivan, the company's chairman and CEO, in a press release. "By purchasing 1.64 million shares from treasury at current market level, the officers and directors have indicated our confidence in the company's direction without disrupting the natural supply and demand of the markets."