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Technology Stocks : JETCOM [JTCM:CDN] Y2K SOLUTIONS -- Ignore unavailable to you. Want to Upgrade?


To: koi who wrote (48)12/10/1998 9:11:00 PM
From: NICVIC  Read Replies (1) | Respond to of 58
 
Got the following from stockhouse.com Maybe this baby isn't dead yet..

Jetcom [JTCM:CDN]-- Restructuring Goes Over Well

For those who missed it, JTCM's news release was not as bad as we initially thought. Strong volume shored up panicked selling as the company moves from the satellite business into the Y2K sector. It seems the bulk of losses from the bankrupt subsidiary fell upon insiders' shoulders. This was a corporate cleanup in preparation
for the transition into their new line of business, and judging by JTCM's firm recovery, after the minor washout, there appear to be a number of devoted buyers willing to scoop up shares at these levels. Whether JTCM will return to its summer trading peak is still not known, but there seem to be committed buyers sold on that possibility.