(FOOL GLOBAL WIRE) ST. PETERSBURG, FL. (July 25): I don't know whether today's movement is what the technical analysts so graphically describe as a dead-cat bounce or the start of a recovery from the recent correction, but the 20-point gain for the Nasdaq was welcome relief after recent weeks. Either way, we won't try to predict what's next. We'll stay invested with the longest-term horizon possible.
Nichols Research <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:NRES)") else Response.Write("(NASDAQ:NRES)") end if %> filed a registration statement with the SEC relating to a pubic offering for 1 million shares of common stock (97% of which is coming from the company and the remaining 3% from stockholders).
The underwriters were granted an over-allotment option with respect to 150,000 additional shares. The underwriters are Robinson-Humphrey, Oppenheimer, and Ferris, Baker Watts.
The proceeds are slated for the repayment of the company's outstanding borrowings under its revolving credit facility, for potential acquisitions, and for general corporate purposes. Nichols was the only IFG loser on the day, slipping 1.7%.
3Com Corp. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:COMS)") else Response.Write("(NASDAQ:COMS)") end if %>, a global data networking leader, announced a long-term partnership with Stampede Technologies, a leader in remote access software. The companies will combine their technology expertise in order to ease remote access client burdens. Initially, this collaboration has resulted in a client software upgrade for 3Com's award-winning AccessBuilder department- and enterprise-level remote access systems.
Transmitted: 7/25/96 | ||||||||
INVESTING FOR GROWTH MODEL (7/25/96) | ||||||||
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