Early October was kind to computer stocks. Apple Computer jumped. IBM surged. But none sizzled more than Zeos International. On Oct. 13 and 14, shares in the tiny mail-order house soared 43%, to $5, on extraordinary volume. Zeos executives contend investors were picking up on favorable product reviews and anticipating quarterly results. In fact, Zeos eked out a third-quarter profit of $426,000. But something more was in the works: On Oct 17, Zeos announced it would sell out to chip and PC maker Micron Technology for about $405 million in stock. Zeos shares didn't budge on the news.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.