This is hilarious. Some smart bloomberg reporter thinks USIT surged today became they promoted some guy to COO.
U.S. Interactive Shares Soar After it Names James Huser COO
1/3/00 8:05:00 AM
Source: Bloomberg News
King of Prussia, Pennsylvania, Jan. 3 (Bloomberg) -- U.S. Interactive Inc., a consulting firm, said it promoted James Huser to the new position of chief operating officer, causing its shares to more than double.
King of Prussia, Pennsylvania-based U.S. Interactive helps companies develop Internet services. Its shares rose 23 to 66 in late morning trading of 824,300. Earlier, they touched 92. The company first sold shares to the public Aug. 10 for $10 each.
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Huser, general manager of U.S. Interactive's Los Angeles office, will hold both positions until the company names a successor. His new responsibilities include overseeing the operations of all the company's offices nationwide.
U.S. Interactive has more than 300 employees in cities including New York, Washington, Boston and Chicago. |
