Ziff-Davis Inc. - ZDNet (ZDZ) Message Board

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Technology Stocks : Ziff-Davis Inc. - ZDNet (ZDZ)

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To: DIVER who wrote (262)	7/22/1999 2:11:00 AM
From: Gutterball	of 270

Ziff-Davis Surges On Sale Talk NEW YORK (Reuters) - Shares of Ziff-Davis Inc. (NYSE:ZD - news) surged Thursday after the media and marketing company said it was mulling strategic alternatives, including the sale of the company. Ziff-Davis, whose media properties include PC Magazine, the world's most popular computer publication, ended up 30 percent, or $4.31, at $18.50 in composite trading on the New York Stock Exchange, where it was the second biggest percentage gainer. The company said Wednesday it had hired Morgan Stanley Dean Witter to explore strategic alternatives, including alliances, mergers and the sale or joint venture of some or all of Ziff-Davis's businesses. The move follows a decision by Japan's Softbank Corp., Ziff-Davis's biggest shareholder, to focus solely on Internet properties. Did I call it or what? #reply-8967817

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