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Technology Stocks : EFAX.com - easy-to-use fax-to-email technology

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To: CoffeePot who wrote (117)3/11/1999 6:24:00 PM
From: CoffeePot  Read Replies (2) of 1197
 
From TheStreet.com

AOL, SBC Communications Edge Higher on Web Access Deal
By Medora Lee
Staff Reporter
3/11/99 3:45 PM ET

SAN FRANCISCO -- Tech stocks were mixed Thursday, with earnings warnings pulling some issues lower, and a few noteworthy deals providing support elsewhere.

Wireless phone distributor Brightpoint (CELL:Nasdaq), PC distributor Ingram Micro (IM:NYSE) and security software maker Rainbow Technologies (RNBO: Nasdaq) all warned of lower-than-expected earnings.

But the winners picked up the slack, with some Internet companies leading gains. eFax.com (EFAX:Nasdaq) soared 3 3/4, or 41%, to 12 7/8. The company said on Monday that demand for its email to fax service was heavy. It said it had signed up more than 100,000 users in the first month.

Some investors said demand was so heavy that it is taking two to three days for the company to assign personal fax numbers.
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