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: Paul K who wrote (1666)	7/13/1998 6:51:00 AM
From: ayn rand	Read Replies (1) of 2843

WavePhore Stock Rises on Prospect of Enlarged Microsoft Stake Bloomberg News July 10, 1998, 12:04 p.m. PT WavePhore Stock Rises on Prospect of Enlarged Microsoft Stake Phoenix, July 10 (Bloomberg) -- WavePhore Inc. shares rose was much as 30 percent after the Internet company said it was comfortable with a report that Microsoft Corp. is likely to increase its 3.5 percent stake in the Internet data broadcaster. Analyst Joel Krasner of First Albany Corp. was quoted in Business Week as saying Microsoft probably will increase its stake because Chairman Bill Gates likes to have a larger say in the investments his company makes. ''We feel comfortable with what he's saying,'' said Glenn Williamson, WavePhore's chief operating officer. Microsoft declined to comment. On March 6 WavePhore's stock jumped 25 percent on the disclosure that Microsoft bought 2.9 percent of the company in November. news.com ALERT: 5.3% intraday price gap from 14 1/16 detected for Wavephore Inc (NASD:WAVO) - CBS_MW News CBS MarketWatch - Alerts - July 10, 1998 09:49 [CBS_MW, LAX] A 5.3% intra-day price gap was detected for Wavephore Inc (NASD:WAVO). Intraday gap analysis measures stock movement within the last 30 minutes of trading. The stock was at 14 1/16 at the beginning of the observation period. The current price observation for this stock is 14 13/16. The stock moved up 3 7/8 from its previous day closing price of 10 15/16. A gap of 2 1/16 above the previous close was also observed with the issue jumping to 13 when the market opened. The trading range for the day is a high of 15 and a low of 12 5/8. A total of 6,132,300 shares had exchanged hands making total activity valued at approximately $90,834,694. The last observed trade size for this issue was for 900 shares indicating interest by multiple parties in this issue. This pattern of trading activity indicates that you may wish to load this symbol into your live monitor today if you have one. This intraday bulletin is updated whenever a new price gap is detected. These reports cover stocks on the AMEX, NYSE and NASDAQ trading above $2 per share. marketwatch.newsalert.com Trading volume for WAVO was triple its 13-week average. A jump in price on big volume is generally considered a bullish indicator because it suggests that the stock is under accumulation. On 7/10/98: WAVO crossed above its 50-day moving average. If the stock continues to rise relative to its average price of the past 10 weeks, it would generally be considered a bullish sign. On 7/10/98: WAVO crossed above its 200-day moving average. Technical analysts generally consider this to be a bullish sign because it means the stock is now rising relative to its average price of the past 40 weeks.

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