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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Magnatizer who wrote (1920)6/8/1998 9:27:00 AM
From: Magnatizer  Read Replies (1) of 13094
 
Former 13 RMII going to town

09:21 ET Rocky Mountain Internet (RMII) 9 1/8: ISP agreed to buy Internet Communications Corp. (INCC), a larger company in terms of sales, for $38 million. All of the outstanding shares and options convertible into shares of Internet Communications' common stock will be acquired for a range between $6.65 and $6.80 per share. RMI gross revenues for year end 1997 were $6.1 million and Internet Communications' gross revenues for the same period were $36.1 million. RMII has been an extremely hot, active stock of late. Shares rose almost 1 pt on Friday

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