WC Capital ups stake in eSpeed to 4.86%

By Lisa Kerner

Charlotte, N.C., May 9 - eSpeed, Inc. investor WC Capital Management, LLC reported the purchase of 22,400 shares of the company's stock between April 19 and May 4 priced from $2.24 to $9.30 per share. During the same period, the investor sold 441,468 shares of the eSpeed stock priced from $4.53 and $9.79 per share.

WC Capital beneficially owns 1,453,482 shares, or 4.86%, of the New York-based trading technology company, according to a schedule 13D filing with the Securities and Exchange Commission.

In addition, the filers have been in contact with eSpeed's management, board members and other shareholders and may continue such contact in the future regarding alternatives to maximize shareholder value, the filing stated.

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