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Technology Stocks : Infocast (IFCC) -- Ignore unavailable to you. Want to Upgrade?

To: Buckey who wrote (41)	9/1/2000 9:50:35 PM
From: leigh aulper	Read Replies (2) \| Respond to of 94

InfoCast Up -2: Co. Says Major Contracts Pending By KATHY CHU Of DOW JONES NEWSWIRES NEW YORK -- Over-the-counter Bulletin Board shares of InfoCast Corp. (IFCC) surged up to 107% Friday, a week after the company partnered with Computer Associates (CA) and a few weeks before InfoCast's scheduled product launches. On Aug. 23, InfoCast and Computer Associates released plans to develop a customized audio hub for Imark Corp. "The company was in development mode before and now we're going to market with new products in the next couple of weeks," said Bo Woloshyn, InfoCast's vice president of marketing. InfoCast's next product release will be InfoCast Contact, said Woloshyn, allowing users pre-paid access to application-service-provider, or ASP, services. Investors on chat boards speculated about upcoming alliances that may be pushing the stock up. Major contracts are also pending, according to Infocast, but details were not released. Shares of InfoCast, which lists on the over-the-counter Bulletin Board, recently changed hands at $4.53, up $2.34, or 107%. Total shares traded this week were 1.04 million shares, compared with 500,000 total shares changing hands last week, according to Nasdaq market data, which compiles statistics for over-the-counter Bulletin Board companies. Woloshyn, InfoCast's vice president of marketing, said the company aims to have its shares traded on one of the major stock exchanges in the near future. InfoCast is currently restructuring its board of directors to comply with the listing requirements of stock exchanges including the Nasdaq SmallCap market, said Woloshyn.