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Biotech / Medical : CYBR CyberCare the new look of healthcare -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (1942)	5/24/2000 2:52:00 PM
From: sommovigo	Read Replies (1) \| Respond to of 3392

Fnord - sounds like something for the Fed to investigate, not for a civil suit to determine. What do you think

To: StockDung who wrote (1942)	5/25/2000 7:00:00 PM
From: afrayem onigwecher	Respond to of 3392

: Off-Hours Trading Off-Hours Trading: Dearth of Information Keeps Investors in the Dark By Patrick M. Fitzgibbons Markets Editor 5/22/00 7:35 AM ET The markets look to open on a relatively quiet note this morning as earnings are all but over, there are few economic releases and investors continue to look for direction. In early action, the S&P 500 June futures contract was up 2.1, about 4.5 points above fair value, suggesting a moderately strong open. The Nasdaq 100 June contract was up 12, suggesting some slight tech strength. Any market-moving economic releases will occur later this week when first-quarter GDP is released on Thursday and April durable goodsand personal income figures are released on Friday. But investors will likely give a close look to those numbers for any indication as to what the Federal Reserve will do at its FOMC meeting next month. Last week, the Fed voted to raise interest rates by 50 basis points. Investors are looking for some sense to what the Fed will do at the next meeting. That uncertainty was blamed for much of the Dow and Nasdaq problems at the end of last week. This morning, several stocks are on the move. According to Instinet, General Motors (GM:NYSE - news - boards) was off 2 7/16 to 84 1/2; Microsoft (MSFT:Nasdaq - news - boards) was down 1/16 to 65; MCI Worldcom (WCOM:Nasdaq - news - boards) was bid at 38, which would be a gain of 1/4 point and Intel (INTC:Nasdaq - news - boards) was off 3/8 to 117 1/2. Friday's After-Hours Trading By Angela Privin Staff Reporter The low volume that defined the week grew typically thinner this Friday and turned into a downright ghost town this evening on Island. Yahoo! (YHOO:Nasdaq - news - boards) hopped along higher on evening news that the Securities and Exchange Commission will approve the portal's request to not be classified and regulated as an investment company. Yahoo!, which owns interests in other companies and was subject to stricter SEC investment restrictions because of it, applied for an exemption in February. The SEC defines an investment company as one engaged in the business of investing, reinvesting, owning, holding or trading in securities that represent more than 40% of total assets. Yahoo! insisted it was not in the business of investing, punctuating the statement with six emphatic exclamation marks. The company told the SEC that it is not involved in speculation but rather makes small, noncontrolling investments in companies that complement its Internet business. Today the SEC granted Yahoo!'s exemption. This will hold if no objections are filed by agency regulators by June 12. The evening news rallied Yahoo! shares up 1 2/16 to 121 7/16 on 30,000 Island shares. -------------------------------------------------------------------------------- Madge Networks (MADGF:Nasdaq - news - boards) managed to muster volume of 87,000 shares on Island, falling 5/16 to 3 5/8 postclose on a morning announcement that it will open the first Internet broadcast network across Europe. The Dutch company soaked in 23% today on the news, riding up 3/4 to 3 15/16, but the momentum was hard to maintain late night. There seemed to be a lot of interest in the stock but not too much direction. Madge Broadcast Network is an affiliate network to the Real Broadcast Network in the U.S., and features a broadcast operations center in Europe that uses RealNetworks (RNWK:Nasdaq - news - boards) technology. The company will announce full details of the MBN service offering June 8. -------------------------------------------------------------------------------- Cyber-Care (CYBR:Nasdaq - news - boards) develops the Electronic HouseCall System, a patented Internet-based technology system that provides remote health care monitoring. Tonight, the Florida-based company crashed on the late-night mention of a legal dispute. A class action suit was file against the cyber health care company, charging that Cyber-Care officers, insiders and directors violated federal securities laws by releasing false and misleading information about the development and sale of its Electronic Housecall System. All the alleged touting drove the stock from under 1 to over 37. Lately the stock didn't have that much farther to fall. After closing at 8 3/16 today it stumbled 2 10/16 to 5 9/16 on 40,000 Island shares. Yesterday Covad Communications (COVD:Nasdaq - news - boards) spiked on takeover speculation; today it dove 4 3/8 to 22 1/2 when the company denied the rumors. Late-night lurkers were not convinced, lifting the Internet and network access provider 3/4 to 23 1/4 on 17,000 Island shares. California-based Covad could use the boost after posting 52-week lows on May 17 and falling about 66% from its early March high.