"The sector hasn't shown a bottom yet so I must be crazy"
stockcharts.com[L,A]DCCLNYMY[DC][PC20!B50!B200][VC60][ILL14!LA12,26,9]
Is ITM going to form a double bottom? Or has it turned?
Here's a couple of articles today in Wall Street Journal, will be an interesting to stock to follow when the sector turns around or has it all ready?
Posted By Unsinkable (ID#: 265511)from Stockhouse.
ITEMUS in 2 Wall Street Journal articles!!!!! 11/4/00 08:52 2456541
Please see attached 2 articles from the Wall Street Journal. I've been sending emails of Itemus Press releases to them and to the NY Times. If anyone, here wants to e-mail editors of any other News media or magazines with Itemus Press releases, I wouldn't try to talk you out of it. It sure helps to increase visibility throughout the USA. The articles are pasted, below.
Also, since I can not currently post on Raging Bull, could one of you copy these press releases, and my post, there? Best wishes to all longs (and soon to be longs).
Kind Regards,
Oceansailer, Newsailer, Unsinkable
Here are the two articles, so far:
November 3, 2000
------------------------------------------------------------------------- -------
Technology Contract/Product Announcements: ITMUF BCM
Dow Jones Newswires
TORONTO -- The following technology companies were among those that issued product/contract announcements Friday.
Company Company News
- -
Itemus Inc. Teamcast.com, a member of the Itemus
(ITMUF) group of companies, launched the beta
version of Teamcast Next Generation,
which gives Web users a single
identity for multiple environments.
- -
Canadian Imperial Customers may now access banking,
Bank of Commerce investing news and personal
(BCM) information through the wireless
carrier and mobile device of their
choice.
-In Kyung Kim; Dow Jones Newswires; 416-306-2100
------------------------------------------------------------------------- -------
Briefing Book for: BCM | ITMUF | T.CM | T.ITM
AND THIS ONE:
October 31, 2000
------------------------------------------------------------------------- -------
Itemus Inc. To Buy Shooting Gallery Inc. For $56M
Dow Jones Newswires
TORONTO -- Itemus Inc. (ITMUF) intends to acquire Shooting Gallery Inc., a privately owned media company, in exchange for $56 million in stock.
In a press release, Itemus said it will issue stock valued at C$1 a share for at least 80% of Shooting Gallery's diluted stock. It said the acquired company projects revenue of $24 million for 2000.
Itemus said the Shooting Gallery brand, management team and facilities will remain intact. It said, "This arrangement keeps Shooting Gallery at the forefront of rich media creation and instantly gives Itemus Solutions world-class rich media capability."
Before completion of the share exchange, Itemus said it expects to invest up to $7.5 million in Shooting Gallery in the form of a convertible debenture to fund certain high-growth initiatives. It said the share exchange is subject to the execution of definitive agreements, regulatory approvals, and the approval of both Itemus and Shooting Gallery shareholders. It said the transaction is expected to close in January.
Before the acquisition of Shooting Gallery by Itemus, Shooting Gallery will spin off its film, television and music development and distribution business to Shooting Gallery's existing shareholders. Itemus said that business will be operated under the name Shooting Gallery Entertainment and will become a client of Itemus' Shooting Gallery subsidiary.
Itemus Inc. invests in Internet companies.
Company Web Site: itemus.com
-John Moritsugu, Dow Jones Newswires; 416-306-2100
Happy trading
atial |
