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Technology Stocks : IMON - Quoted from Barron's Corporate Reports -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (1380)	1/26/1999 8:15:00 PM
From: Anthony@Pacific	Respond to of 2220

To all THE LONGS a MUST READ!!! businessweek.com

To: LTK007 who wrote (1380)	1/26/1999 8:22:00 PM
From: Tom Hua	Respond to of 2220

Max, this is the main catalyst for the heavy trading and runup today (which will no doubt reverse course tomorrow per the company's press releases late in the day). Edit: Max, I see that you have posted the article. Thanks. January 26, 1999 Dow Jones Newswires ImaginOn Up 43%; Web Chat Cites Search Engine, Merger Talk Dow Jones Newswires NEW YORK -- Shares of ImaginOn Inc. (IMON) posted a new 52-week high Tuesday as rumors about serious merger discussions and an imminent search engine-related announcement clogged online chat rooms. Online bulletin boards and other sites are touting the stock, said Dan Lavigne, a trader with EBI Securities Corp. in Denver. "AOL/IMON talking about merger!!!! Read on!!" one chat room headline blared on Yahoo! Inc.'s financial message board. "The two companies CEOs are rumored to be in heavy talks about a takeover," the posting continued. Investors poised for the next hot Internet play also exchanged talk about ImaginOn and search engines, and a soon-to-be announced "licensing with a big search engine," according to another Yahoo! posting. ImaginOn talk also filled message boards at the Silicon Investor and Raging Bull web sites. Both focus on financial discussions. Although ImaginOn could not be immediately reached for comment about the recent stock activity. On Jan. 12, ImaginOn said it plans to release WebZinger 6.00 on Jan. 29. The WebZinger software, being touted as the first "Supra-Search Engine." will allow users to more easily access browsers, search engines and sites, the company said. ImaginOn, based in South Carolina, engineers, produces and sells business and consumer software for CD-ROM and network users. The stock recently traded at 11 1/4, up 1 5/8 or 17% on a volume of 13.5 million shares. Average volume is 16.8 million shares. The stock traded as high as 15 1/4 Tuesday. The previous 52-week high of 10 1/2 was posted Monday. -Heesun Wee, 201-938-5392 Contrary to a Yahoo! Inc. chat-room posting, ImaginOn Inc. (IMON) Chief Executive David Schwartz said he's not engaged in any merger talks with America Online Inc. (AOL). "That rumor is completely irresponsible," said Schwartz Tuesday afternoon. Schwartz added the rumor may have surfaced - albeit erroneously - after California Pro Sports, Inc. announced Dec. 17 that ImaginOn had signed a non-binding letter of intent to acquire the San Francisco Bay Area operations of INOW Internet Services, an Internet service provider. California Pro Sports changed its name to ImaginOn effective Dec. 18, as part of its previously announced merger with ImaginOn. The AOL merger rumor, along with other talk, is jamming online chat rooms and fueling a stock surge. "Surprise is an understatement," said Schwartz about the online talk. "Alarmed might be a better word," he added. - Heesun Wee; 201-938-5392