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Technology Stocks : Identix (IDNX)

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To: steve who wrote (16664)2/4/2000 12:12:00 PM
From: David  Read Replies (1) of 26039
 
More on Mytec, from today's Globe and Mail:

"Mytec Technologies Inc. said yesterday that it has
successfully created a tiny biometric module that attaches itself to gun triggers, preventing unauthorized users from firing the weapons. . . .

Mytec's stock soared 76 per cent or $2.21 yesterday to $5.10, with nearly 3.5 million shares trading hands. Company shares were trading below $1 as recently as one month ago. . . .

"Ken Jorgensen, a spokesman for Smith & Wesson, said the Mytec module isn't small enough yet to be built directly into the gun, but added that the two companies are working toward that goal. . . ."

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Did Mytec, now trading at $7.25, jump the gun with this announcement?
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