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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Big who wrote (63990)9/30/1999 12:53:00 PM
From: Tradelite  Read Replies (1) | Respond to of 120523
 
GDEN is creeping up. Mr. Big, did you take your pants off for this one too? :)))



To: Mr. Big who wrote (63990)9/30/1999 11:55:00 PM
From: kendall harmon  Respond to of 120523
 
DVNT news

TORONTO, Sept. 30 (Reuters) - Shares of security software developer Diversinet Corp. (NasdaqSC:DVNT - news) hit a record high on Thursday after it announced plans to buy the operating assets of a firm developing wireless services for the financial and health sectors.

On the Nasdaq, Toronto-based Diversinet gained $2, or 24.4 percent, to hit $10-3/16, topping previous 52-week high of 9- 9/16 and soaring high above this year's low of 29/32.

Under the deal, Diversinet will buy the assets of New Jersey-based Ubiq Communications Inc. for $1 million in Diversinet common stock, subject to a one-year holding period.

The acquisition, expected to close by October 31, includes payments up to $2 million in Diversinet common stock if revenue milestones from the Ubiq assets are not met.

Ubiq develops interactive wireless message systems for stock trading, financial analysis and medical data. Ubiq designed an automated system for Thomson Financial's First Call Corp. that provides investment research and earnings estimates over the phone.

The deal fits with Diversinet's strategy of seeking to dominate the market for its wireless electronic commerce security tools for wireless operators, software developers, systems integrators and device manufacturers.

($1=$1.47 Canadian)

biz.yahoo.com