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Shares of Procom Technology Inc., a Santa Ana computer data storage company, jumped nearly 35% on Wednesday after a well-known technology periodical issued an upbeat analysis of the company.
Procom's stock closed at $57, up $14.75 a share, after reaching a high for the day of $74 in extremely heavy Nasdaq trading. A total of 8.7 million shares changed hands, more than 90 times the stock's average daily volume of 98,100 over the past three months.
Despite the big run-up, however, the stock still didn't hit its 52-week high of $89.75 a share, reached March 10 before the huge sell-off in technology stocks began.
The Gilder Technology Report, released...