STEAMROLLER'S DAYTRADES Message Board

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Strategies & Market Trends : STEAMROLLER'S DAYTRADES

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To: Wayners who wrote (1448)	11/25/1998 7:38:00 PM
From: STEAMROLLER	of 1561

Spyglass has no reason for stock jump Reuters Story - November 25, 1998 19:34 CHICAGO, Nov 25 (Reuters) - Internet software provider Spyglass Inc. said it knew of no reason for a 30 percent gain in its stock value on Wednesday. "We've made no announcements and we have no news coming out today," a spokeswoman at Spyglass's Naperville, Ill. headquarters said. Shares of Spyglass closed up 5-3/4 at 24-3/4. Rumors have circulated for several days that Spyglass may shortly announce an alliance with a major computer company. Options traders on Tuesday said call volume had been heavy and one options analyst said it, "trades like a takeover stock." Spyglass chief financial officer Gary Vilchick on Tuesday declined to comment on the rumors and attributed the strong performance in the stock to General Instruments Corp.'s purchase of a 5 percent stake in Spyglass last month and to Spyglass's improving financing situation.

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