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Technology Stocks : NewsEdge (NEWZ = INDV + DTOP)

NEWZ 28.54

0.0%

Oct 31 9:30 AM EST

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To: Tim Luke who wrote ()	3/7/2000 10:59:00 AM
From: Ms. Baby Boomer	of 2365

Tuesday March 7, 10:20 am Eastern Time RoweCom, NewsEdge cancel merger NEW YORK, March 7 (Reuters) - RoweCom Inc., (NasdaqNM:ROWE - news) which provides electronic software used to purchase and manage news sources, said on Tuesday it canceled its planned $227 million acquisition of NewsEdge Corp.(NasdaqNM:NEWZ - news), which provides news to companies. The two companies said in a statement they would instead form a strategic relationship, which included selling NewsEdge's services to RoweCom's clients as well as providing links in NewsEdge's online offerings to RoweCom products. The companies said the break-up was by mutual agreement. A spokesman for NewsEdge said the two companies negotiated a confidential settlement which included a break-up fee, but one that was less than the $6 million called for in the original deal. Shares of NewsEdge were down 1/4 at 6-1/4 in Tuesday morning trade on the Nasdaq stock market while RoweCom was down 3/8 at 24, also on Nasdaq. *** Oh, what a surprise ... not.... Close to 52 wk. lo ... 1 can only hope it will be uphill from here. Something to consider, with the recent sale of individual.com, possibility of NewsEdge posting a profit.

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