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Technology Stocks : Information Management Associates - (IMAA) -- Ignore unavailable to you. Want to Upgrade?

To: agent99 who wrote (26)	8/19/1999 10:34:00 PM
From: ArtAlley	Read Replies (2) \| Respond to of 165

Charts at 100% BUY....> equities.barchart.com

To: agent99 who wrote (26)	8/19/1999 10:53:00 PM
From: TFF	Read Replies (2) \| Respond to of 165

>>> Bernstein plans to issue a report tomorrow that likely will raise the price target. Watchout shorts!

To: agent99 who wrote (26)	8/20/1999 5:15:00 PM
From: TFF	Read Replies (2) \| Respond to of 165

Software-Maker Information Management's Shares Hit High, Then Slide Dow Jones Online News, Friday, August 20, 1999 at 16:30 NEW YORK -(Dow Jones)- Shortly after touching a new high for the year, shares of software firm Information Management Associates Inc. fell Friday in heavy trading. The reversal brought to an end the hot streak enjoyed by Information Management since last week's news that an investor group led by CMGI Inc. took a $10 million stake in the company's online reverse-auction site. After hitting a new 52-week high of $14 a share early on Friday, past the previous 52-week high of $13.25 a share set Thursday, shares of Information Management began to slide. At Friday's close on the Nasdaq Stock Exchange, Information Management (IMAA) shares were off 93.8 cents, 8.6%, at $9.38 on volume of 14 million shares, dwarfing the average daily volume of 401,314. At its peak, the stock had nearly quadrupled in value since the company's second-quarter report Aug. 12, when it closed at $3.625 per share. The buyingedge.com Web site runs reverse auctions - customers identify a product they wish to purchase and various vendors submit prices at which they are willing to sell it. Unlike other auction sites, most notably Priceline.com Inc. (PCLN), a shopper at buyingedge.com isn't required to commit to buying the requested product. When it reported second-quarter results Aug. 12, Information Management disclosed that its buyingedge.com subsidiary received $10 million in financing from a group headed up by CMGI's (CMGI) venture-capital unit, @Ventures. The $10 million represents 29% of buyingedge.com's equity, the company reported. @Ventures contributed $7.5 million, with the balance coming from investors Wand Partners, Amicus and Madrona Investment Group. An Information Management spokesman attributed the stock's movement to the investment and added that no additional information has been released about its majority-owned buyingedge.com unit. The stock also has been climbing on retail interest in the "dot-com" part of the business, said First Union Capital Markets analyst Sarah Bernstein. Information Management, which specializes in software used for sales, marketing and customer service, hasn't disclosed any revenue estimates for buyingedge.com, analysts said. Buyingedge.com began operating in May. At the beginning of August, Information Management reported that the Internet site attracted more than 18,000 registered users and more than 4,000 registered merchants. Copyright (c) 1999 Dow Jones & Company, Inc.