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Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES -- Ignore unavailable to you. Want to Upgrade?

To: Due Diligence who wrote (5881)	2/8/1999 1:35:00 PM
From: MoneyMade	Read Replies (1) \| Respond to of 15987

NEWS--- up on e-tail site Company also tapped as SmartMoney recommendation By Ron Feemster, CBS MarketWatch Last Update: 12:54 PM ET Feb 8, 1999 See: NewsWatch VALLEY COTTAGE, N.Y. (CBS.MW) -- Shares of Micros-to-Mainframes became the latest beneficiary of the now-familiar leap that greets virtually any announcement that a company is expanding its business to include e-commerce. In response to Micros-to-Mainframes' announcement Monday, investors sent the stock (MTMC) screaming upward. It peaked at 12 1/8. By early afternoon, the stock was at 8 3/4, up 2 3/8 (or more than 37 percent) on volume of about 6.4 million shares. Over the past 30 days, the stock's average daily trading volume was about 30,000 shares. The company's two new e-commerce sites, which are expected to be "fully functional" on March 1, will offer custom-designed computers and accessories on one site and "high-end service offerings" on another, the company said in a press release. Micros-to-Mainframes noted in a separate release that it had been featured in SmartMoney magazine as a "recommended buy." Micros-to-Mainframes is a profitable designer and installer of network systems and Internet sites and a reseller of Cisco routers as well as Microsoft and Novell software systems, according to SmartMoney. The company earned $215,000 on net sales of $15 million in the quarter ended Sept 30, 1998, compared with $128,000 on net sales of nearly $17.4 million a year earlier. The company invited guests to tour www.orderpc.com, the hardware sales site it is currently constructing. Ron Feemster is a reporter for CBS MarketWatch.