http://biz.yahoo.com/smart/030709/20030709one_wond_2.html
SmartMoney.com
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
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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 !
Tex.
SKG
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