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Technology Stocks : Gric Communications, Inc.

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To: westpacific who wrote ()5/23/2000 11:13:00 AM
From: Rupert   of 59
 
With a rather disappointing lack of new business and new product announcements, and a very difficult market environment for small cap tech stocks in general, this stock continues to test new lows. Considering the excellent list of member companies in their network, including AOL, I'd like to see some PR or announcements related to selling additional services to these network members. I'm assuming they'll be able to more visibly capitalize on this member base at some point.

Bear in mind though that this isn't the only stock that has crashed from its high to trade well below its IPO price.

The (all-important) number of Internet roaming and telephony minutes they carried did increase substantially last quarter.

biz.yahoo.com

I'm assuming the company is still on track and the chart primarily reflects the market and the timing of GRIC's IPO just before the techs hit their highs.
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