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Technology Stocks : RRL: Internet Privacy -- Ignore unavailable to you. Want to Upgrade?

To: Tony from Niagara who wrote (4)	10/29/1999 7:37:00 PM
From: John Fairchild	Read Replies (1) \| Respond to of 39

From stockwatch. Market Summary - Thursday October 28 1999 Rocca Resources Ltd. surged to first place today, up 29 cents to 70 cents on 2,231,293 shares. The only apparent reason for the excitement was the news that the creators of its newly acquired SiegeSoft Web site are just 15 years old, and that they have been interviewed by Fox News Channel. The interview is to be aired by Fox and Vancouver's Global Television some time today. According to Rocca's Dave Hodge, once a highly public play-by-play hockey commentator with the CBC, Fox was alerted to the story by an Oct. 22 article in the Chicago Sun-Times. The boy geniuses, Rishi Bhat and Antonio Guillan, will receive $40,000 (U.S.) for their company, SiegeSoft Systems, and Mr. Bhat will sign a consulting agreement to manage the business. According to Mr. Hodge this will pay him 30 per cent of the net profits from the SiegeSoft business in the first year and 15 per cent in the second. According to Neil Steinberg, a staff reporter with the Sun-Times, Mr. Bhat's father has stipulated that the agreement with Rocca can not require any more work from his son. The young Mr. Bhat may also receive 1.5 million performance shares. Mr. Hodge said that would occur in the event Rocca undergoes a change of business in the future, but Mr. Steinberg reported that he would receive options on 1.5 million shares once the company reorganizes itself. The reporter said, "Rishi wrote a program that allows you to surf the Web without revealing personal information, which is now recorded by every site visited." Mr. Hodge modestly declaimed that Rocca realized there was an opportunity in the privacy aspect of the Internet, and "Rishi has the best privacy software available." The largest trade was just 100,000 shares, and most of the interest seems to be coming from small speculators, with the average trade just over 4,000 shares. The clients of Yorkton Securities liked the young whiz kids, and bought 211,000 shares net, far ahead of those of the second leading buyer, RBC Dominion Securities, long 85,800 shares. Canaccord Capital's clients saw an opportunity to leave the scene, and made it the busiest broker, buying 481,200 shares while selling 830,193 . . . (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com