IJNT Breaking out, Rumor has it Huge Deal in the Works Message Board

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Strategies & Market Trends : IJNT Breaking out, Rumor has it Huge Deal in the Works

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To: Ocean_Joe who wrote (26)	8/23/1999 4:55:00 AM
From: 2MAR$	Read Replies (1) of 36

IJNT.net (IJNT, 3 5/8,BB) announced that its UrJet Backbone Network subsidiary has received $7 million from Nortel Networks (NT) as part of the first tranche of the recently-completed $44 million equipment deal between the companies. This fast-growing company reported its first $1M quarter, up six-fold from last year. The stock is at the support level within its 5 month channel trend... hopefully we can get some nice movement in this one this week, and retest or take out the earlier high of over 5, on the next surge... :-) 2MAR$

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