Avtel Communication (AVCO) Message Board

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Technology Stocks : Avtel Communication (AVCO)

AVCO 2.120

+2.4%

Oct 31 3:59 PM EST

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To: Kevin McKenzie who wrote ()	11/13/1998 12:46:00 AM
From: Just My Opinion	of 461

I think you all know that I am a die hard supporter of the longs. So don't take this as a bash. But reading this release makes me think that this won't trade for a while. I think the SEC just wants everyone's "jets to cool" until they can determine what's what. biz.yahoo.com Thursday November 12, 7:37 pm Eastern Time Avtel halted after stock soars WASHINGTON, Nov 12 (Reuters) - Nasdaq said it halted trading in Avtel Communications Inc. at 1740 EST (2240 GMT), seeking additional information from the company after its stock price soared $28.75 to close at $31 on Thursday . The sharp rise in the price of the stock was propelled by the introduction of the company's new high-speed Internet modem, which the company claims is 50 times faster than conventional modems. The stock exchange said trading will remain halted until Avtel Communications has fully satisfied Nasdaq's request for additional information. Avtel said its new modem works on an existing telephone line and allows users to send and receive voice and data simultaneously.

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