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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Robert Brooks who wrote (42484)	12/9/1999 8:28:00 PM
From: Dalin	Respond to of 108040

SMSI...is this what your asking about? Dow Jones Online News, Thursday, December 09, 1999 at 16:24 NEW YORK -(Dow Jones)- Smith Micro Software Inc. shares soared to a 52-week high Thursday but the company was unable to provide a reason for the jump. "We have no news out today," the company said. "We have no specific ideas about what caused today's movement." Shares of Smith Micro (SMSI) added $4.063, or 232%, to close at $5.813 on volume of just under eight million. Average daily turnover is 80,000 shares. Earlier, the stock broke through its previous 52-week ceiling of $3.88, which it reached Feb. 23, when it traded as high as $6.25. The Aliso Viejo, Calif.-based company has traditionally focused on fax and communications software, but since acquiring Pacific Coast Software, a supplier of Internet commerce software, it has been breaking into business-to-business Internet software. The stock, which has only about 4.2 million shares in its public float, is closely held by the company's founding family. As of Oct. 31, the Smith family owned about 9.4 million shares, or more than 60% of the company's 15.5 million shares outstanding, according to a Securities and Exchange Commission filing. Copyright (c) 1999 Dow Jones & Company, Inc. All Rights Reserved. Companies or Securities discussed in this article: Symbol Name NASDAQ:SMSI Smith Micro Software, Inc. About Quote.com \| Customer Service \| Advertising \| Privacy Statement \| Terms of Use \| Custom Solutions