SKG skynetglobal limited

us shares starting to take off

  1. 2,922 Posts.
    A High Wireless Act
    Wednesday July 9, 6:53 pm ET
    By Lawrence Carrel

    GRIC Communications Inc. (NASDAQ:GRIC - News)
    Share price as of Tuesday's close: $4.44
    Share price now: $7.00
    Change: 57.7%
    Volume: 7.8 million shares, daily average 325,900 shares
    Last time this high: Oct. 25, 2000
    52-week high: $5.55
    52-week low: 95 cents
    Forward P/E before announcement: n/a
    Forward P/E after announcement: n/a


    IT'S NO SECRET that Silicon Valley wants Wi-Fi to do for the Internet what hi-fi did for the radio. Based on Wednesday's trading in one Wi-Fi stock, Wall Street is harboring the same hope.

    Shares of GRIC Communications (NASDAQ:GRIC - News) surged 58% to $7 after the provider of wireless fidelity, or Wi-Fi, access service upgraded its relationship with the telecom powerhouse AT&T (NYSE:T - News).

    Up 58% on a contact smaller than SKG's deal !

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