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Technology Stocks : Number Nine Visual Technology
NINE 0.586-2.3%Feb 2 12:47 PM EST

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To: Ed Klar who wrote (92)5/18/1996 9:45:00 AM
From: Kurt M. Matis   of 1183
 
Ed -

Number Nine came out with some press releases on Thursday. That gave Nine an initial push. The releases didn't hit some of the papers until friday though. Basically, Nine hired the VP of Operations from Iomega (a recent stock rocket) and made him President and COO. Since Iomega's stock has had such a run up lately, I think many people believe he'll be able to do the same with Nine. Additionally, once the stock started moving up on Thursday and Friday, the buying momentum kicks in a pushes it a little higher. Most gain were in the morning Friday and the stock remained pretty steady into the afternoon (possibly some profit takers). All we can do is watch and see now.

Kurt
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