WavePhore (WAVO)- VBI fed WaveTop for WebTV Message Board

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Technology Stocks : WavePhore (WAVO)- VBI fed WaveTop for WebTV

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To: Chip Rodgers who wrote (959)	3/6/1998 6:11:00 PM
From: Philip Tung	Read Replies (1) of 2843

The way I see it, Microsoft bought a small stake in WAVO and the news was picked up by Dow Jones at roughly an hour and 10 minutes before closing therefore pushing the stock up to its highs of the day. I believe many traders picked up the stock in anticipation of this news hitting other major news wires later today or Monday and also the conference this weekend. Look what happened to GMGC when it was disclosed that Microsoft had bought in. I feel the fact that Microsoft had to purchase the stock in open market is rather significant. I think this stock will gap up on Monday and challenge its 52 week high. pt

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