SCIENCE/TECHNOLOGY
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One of Comarco Inc.’s largest institutional investors has sold its stock in the Anaheim company.
Fred Alger Management Co., a New York-based pension fund manager, had owned approximately 400,000 shares, or roughly 10%, of Comarco’s stock, Comarco Vice President Don M. Bailey said.
Neal Bradsher, an investment analyst for Fred Alger, said Friday that the investment firm sold its entire block of stock contained in several accounts that it manages.
Bradsher declined to comment on the specific reasons for the sale.
Comarco provides computer-based products and services primarily to military customers.
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