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The year is just two months old, but it's already been a good one for Max Internet Communications.
The Dallas concern, which makes gear for streaming audio and video via high-speed Internet connections, recently got the green light to move its stock from the over-the-counter bulletin board to Nasdaq's SmallCap Market. The shares, trading under the symbol MXIP, are up more than 300% on the year, and hit the $22 range last week. That gave Max a market value of nearly $350.3 million recently.
Some of the run-up may be due to Max's recent collaring of a $7 million private-equity infusion from an unnamed investor or investors. The company issued 1.1 million common …