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Technology Stocks : Judges Momentum Watch

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To: Susan Saline who wrote (44)	7/6/1999 12:43:00 PM
From: Steve Smith	Read Replies (1) of 222

PRSW looks good here. New 52 week high. CSCO and INTC are investors in PRSW. cbs.marketwatch.com " Persistence Software (PRSW: news, msgs), whose products are designed to help companies handle large amounts of e-commerce, opened at 16 1/2, well above its offering price of $11 for its 3 million shares. The price was the top end of the expected range. It closed at 13 13/16 on volume of 4.4 million shares. Major Persistence customers include AT&T, Boeing, Cisco, Morgan Stanley Dean Witter and FedEx. Morgan Stanley and Cisco double as investors, and Intel and Reuters also hold a stake in the San Mateo, Calif.-based company. "

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