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Strategies & Market Trends : TA-Quotes Plus -- Ignore unavailable to you. Want to Upgrade?

To: Gary Lyben who wrote (4493)	6/17/1998 1:39:00 PM
From: TechTrader42	Respond to of 11149

Gary: I hope quotes for IPO SWNT are added soon. The URL is: software.net The story from Reuters is: software.net share price jumps 50 pct after IPO NEW YORK, June 17 (Reuters) - Shares in online software seller software.net Corp. <SWNT.O> jumped 50 percent Wednesday to 13-1/2 after the company's initial public offering, despite growing investor fears about new issues. software.net was the most actively traded stock on Nasdaq early today after its 5 million share IPO was priced at the top of its $7-$9 estimated pricing range. "It doesn't hurt that they happened to go public on the day the market is roaring with this news about AT&T <T.N> and AOL <AOL.N>," said Ryan Jacob, director of research at IPO Value Monitor. "Internet stocks are doing very well." There was frenzied trading activity in many Internet-related stocks after a published report that America Online Inc., the world's leading Internet service provider, had rebuffed merger overtures from AT&T Corp. Analysts have compared software.net to high-flying online bookseller Amazon.com Inc. <AMZN.O> and say investors expect big things from companies that do business on the Internet. 12:35 06-17-98