ELCO looking like it will run - news today and much more:
Top Five Institutional Holders
Rank Institutional Name Report Date Position
1 FMR CORPORATION (FIDELITY MANAGEMENT & RESEARCH CORP) 12/31/98 600,000
2 ROSENBERG INSTITUTIONAL EQUITY MANAGEMENT 12/31/98 325,600
3 SCUDDER KEMPER INVESTMENTS, INC. 12/31/98 273,300
4 BARCLAYS BANK PLC 12/31/98 204,939
5 MORGAN (J.P.) & COMPANY INCORPORATED 12/31/98 200,000
www.elcom.com
Shares of Elcom International Inc. shot up as much as 33 percent Tuesday after the company said Digital River Inc. will become a "distribution fulfillment partner" for its Internet storefront, elcom.com, as part of a strategic alliance.
ELCO
NASD
Last Chg.
8 1/4 +0 1/2
% Chg. Vol.
+6.45% 365,600
Day Lo. Day Hi.
7 7/8 8 1/4
Open Prev.
8 7/32 7 3/4
As of
Apr 29/99 10:01 am ET
Last Trade
Apr 29/99 9:46 am ET
15 MIN. DELAY
Elcom, a company that uses its e-commerce tools to sell personal computer products and Internet applications, said Digital River will supply over 100,000 software titles to elcom.com's customers through its Internet storefront at www.elcom.com.
The Massachusetts-based company (ELCO: news, msgs) saw shares scream up 1 5/16, or 33 percent, to 7 3/4 on volume of 5.51 million shares in afternoon trading.
Two weeks ago, the company watched its stock scream skyward after it said media giant CBS Corp. will use its procurement software, which allows companies to price and order items online. See related story.
Elcom expects the electronic link to Digital River become "live" during late May or early June. The software products will be available for electronic downloading through elcom.com's Internet storefront.
"This is a unique direct electronic link and we believe it will add value to elcom.com's customers by having direct and secure access into the electronic downloading of software, as well as through elcom.com's other delivery options," said Digital River's chief executive Joel Ronning in a statement.
Elcom's chief executive Robert J. Crowell said in the same statement that he would like elcom.com "to be viewed as a 'one-stop-shop' for businesses by the end of 1999." |
