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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: M. Frank Greiffenstein who wrote (17941)	6/3/1998 11:33:00 AM
From: RAVEL	Respond to of 31646

TAVA Mentioned Small Caps Shake Doldrums, Rising With Overall Shares Dow Jones News Service via Dow Jones Wall Street Journal Interactive Edition Roundup NEW YORK (Dow Jones)--Small-capitalization stocks perked up Wednesday, shaking out of their recent doldrums to rise in line with overall shares on Wall Street. The Russell 2000 Index, which tracks the direction of small stocks traded on both the New York Stock Exchange and the Nasdaq Stock Market, added 1.80 to 451.50 in midmorning trading. The Nasdaq Composite Index, which measures the performance of large and small issues on the Nasdaq Stock Market, was up 12.40 to 1774.20. The Dow Jones Industrial Average rose 14 to 8906. Advancing Nasdaq issues outnumbered decliners 1,661 to 1,080 in heavy volume of about 128 million shares. The Nasdaq Computer Index led sector gains, rising 7.30 to 744.30, while the Philadelphia Stock Exchange Semiconductor Index added 1.50 to 253.50. Small-capitalization stocks, with market capitalizations at $1 billion or less, fell Tuesday, continuing the category's second-quarter trend of relinquishing ground gained during the first-quarter rally. Weighed by Vesta Insurance, a listing that dumped almost half of its nearly $1 billion market capitalization on Tuesday, the Russell 2000 closed the previous session off 1.47, or 0.33%, to 449.70. Plaintree Systems, a maker of telecommunications switching products, surged 58%, its American depositary receipts gaining 23/32 to 1 31/32. The large Canadian company Northern Telecom said it agreed to form a strategic business relationship with Plaintree, including an equity investment of C$9 million in Plaintree. Nortel said it will purchase 9,000, 7% convertible preferred shares, convertible into 4,186,047 common shares of Plaintree, at C$2.15 a share, representing about a 19% equity stake. Tava Technologies of Englewood, Colo., advanced 13/16 to 10 5/16. The provider of factory automation and control systems integration said that in May it received more than $12.5 million in orders for one of its products that configure factory computer systems for the year 2000, Plant Y2K One. FastComm Communications, which late Tuesday announced it filed for bankruptcy, tumbled 13/16, or 81%, to 9/16. The filing was prompted by enforcement activities by a judgment creditor, the company said. The Sterling, Wash., maker and seller of data-communications products said it will continue to operate under court protection from creditors while seeking to work out a plan of reorganization. It expects no change in management or operations. (END) DOW JONES NEWS 06-03-98 11:12 AM