Hi Helgo,
Yesterday we had good news, and the stock was brought down (bang)
about 25 percent.
Today it's up about 14 percent, on no news, that I can locate.
Should one suspect that someone is manipulating this stock ???
Mardy.
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Tuesday May 18, 7:00 am Eastern Time
Company Press Release
SOURCE: U.S. Wireless Corporation
LookSmart to Use Mantra Technologies' Advanced Content Management Solutions
Red Herring Venture '99, SQUAW VALLEY, Calif., May 18 /PRNewswire/ -- Mantra Technologies, Inc., a provider of intelligent Web personalization and content management services, and a subsidiary of U.S. Wireless Corporation (Nasdaq: USWC - news), announced today that it has been selected by LookSmart(SM), the Internet's largest directory of quality Web sites, to provide advanced content management solutions. Mantra will provide LookSmart with editorial productivity, directory management and categorization tools to enhance and broaden LookSmart's award-winning directory. This agreement builds upon an existing relationship between the two companies previously announced in December 1998, in which LookSmart deployed Mantra's Context Synthesis(TM) technology to enhance searches into its directory.
''We are dedicated to creating and maintaining the best directory on the Internet,'' said Evan Thornley, CEO and co-founder of LookSmart. ''Mantra has impressed us with their rich set of capabilities and ability to work within our stringent editorial processes.''
Mantra's advanced service capabilities are based on its patented Context Synthesis technology, which provides a flexible method to acquire and leverage content for innovative Web applications. Mantra's current applications include Web monitoring, advanced browsing services, automated Web site categorization and user profiling for content, ad and product targeting.
''There is broad application for Context Synthesis technology in the Web directory and portal businesses,'' said David Huffman, president of Mantra Technologies. ''Context Synthesis allows us to leverage our filtering, querying, categorization and profiling technologies -- using virtually any web page, web site, email or internal document -- to build whole new classes of web applications.''
''The LookSmart directory has nearly one million unique Web sites in 60,000 categories,'' said Bill Louden, Vice President of Product Development for LookSmart. ''Mantra's approach is highly scalable, giving us the room to keep growing our directory while maintaining responsiveness, quality and timeliness.''
About Mantra
Mantra Technologies, Inc. is a leading web personalization and content management provider. Mantra's advanced service capabilities are based upon its proprietary Context Synthesis technology, a flexible new way to acquire and leverage content to enable innovative Web applications. Mantra Technologies, Inc. is a subsidiary of U.S. Wireless Corporation. Mantra Technologies is based in San Francisco, CA and can be reached at 415-310-2200 or www.mantratech.com.
About LookSmart
LookSmart is a leading, independent portal with almost one million unique URLs -- the largest collection of editorially reviewed and categorized sites on the Web. Founded in 1995, LookSmart has grown from a top 1000 Web property to a Top 25 Web property in the past year, and currently has more than 8 million pageviews a day. LookSmart's audience represents the New Media Family(TM), attracting more than 60 percent female Web users. The company has a unique distribution strategy, generating revenue through its LookSmart.com site, as well as through licensing its directory to major portals such as MSN, AltaVista and @Home, a global network of ISPs and through viral marketing. With more than 400 employees worldwide, key investors include Amerindo Investment Advisors, Cox Interactive Media, Macquarie Bank Group, and Hambrecht & Quist's Access Technology Partners. Headquartered in San Francisco, LookSmart is reachable at 415-597-4850. To see why partners, advertisers and consumers are turning to LookSmart, visit www.looksmart.com.
Special Note Regarding Forward-Looking Statements: A number of statements contained in this press release, which are not historical in nature, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. A description of these and other risks and uncertainties can be found in the companies' filings with the Securities and Exchange Commission.
SOURCE: U.S. Wireless Corporation
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