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Technology Stocks : RealNetworks (NASDAQ:RNWK)

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To: lawrence lerner who wrote (1577)1/15/1999 8:14:00 PM
From: Technologyguy   of 5843
 
Real Networks Screams

By Lisa J Ulmer, CBS MarketWatch
Last Update: 6:00 PM ET Jan 15, 1999 See Internet Daily

SEATTLE (CBS.MW) -- RealNetworks Inc. shares screamed up 10 percent Friday after the provider of online media streaming software moved to offer At Home Network customers high-quality multimedia programming.

The developer (RNWK) of such products as RealAudio, RealVideo and RealPlayer leaped 4 15/16 to 55 after it said it's adding "high-capacity infrastructure capabilities" to its software to distribute higher-quality music videos, news clips and sports highlights over At Home's (ATHM) network. Both companies said they also want to sell multimedia ads and pay-per-view programming.

Shares of At Home fell 5/8 to 102.

"We expect that this... will stimulate entirely new content experiences as publishers take advantage of the platform's delivery capabilities and cost savings," said At Home's chief executive Tom Jermoluk in a statement.

The companies expect the high-quality programming to be available sometime in the fourth quarter
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