Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: SAMS BONE who wrote (39109)	5/10/1999 3:55:00 PM
From: Sosmartinov	Read Replies (2) \| Respond to of 120523

With the split coming up, NITEs late day run ought to be a beaut... Edit..or not!

To: SAMS BONE who wrote (39109)	5/10/1999 4:08:00 PM
From: Spartex	Read Replies (1) \| Respond to of 120523

Data General Corp. Dow Jones Newswires -- May 10, 1999 Data General Up 10% On Renewed Takeover Talk By Johanna Bennett NEW YORK (Dow Jones)--Shares of Data General Corp. (DGN) rose 11.6% Monday on renewed rumors that the computer maker is a takeover target, according to market sources. NYSE-listed shares of Data General recently were trading at 13 1/4, up 1 3/8, on volume of 1.9 million, compared with average daily volume of 692,200. But while they reported the rumors, market sources cautioned that such speculation is hardly new. Similar stories have circulated in the past, driving up the stock price for a short period of time. "We've heard it 100 times before," said one Wall Street trader. A Data General spokesman declined to comment on the rumors or the gain in stock price, citing company policy. Names of potential buyers for the Westboro, Mass., storage company varied from market source to market source, with no clear favorite readily emerging. Meanwhile, several sources appeared skeptical that a takeover was in the near future. Alan Miller of Trend Ways Wall Street Watch - which advises brokerage firms and options traders - said that the entire storage sector was up Monday afternoon, including Seagate Technologies Inc. (SEG), Quantum Corp. (QNTM) and Western Digital Corp. (WDC). Meanwhile, Robert Herwick, president of Herwick Capital Management, said that the stock's chart indicated that it has made an "upset breakout" and speculated that takeover rumors may have renewed old rumors. "It's a one day shot," he said. -Johanna Bennett; 201-938-5670