Macromedia...making a comeback? Message Board

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Technology Stocks : Macromedia...making a comeback?

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To: Patrice Gigahurtz who wrote (1966)	12/1/1997 7:57:00 PM
From: Altaf Amin Jadavji	Read Replies (1) of 2675

Quiet as she slips ... A little blurb re: MACR & Deja News from InfoBeat (Not too exciting). Deja News Inc. (www.dejanews.com), originally a search engine for newsgroups on the Internet, has bigger plans. The company announced Monday it has secured $10 million in new equity capital. The Internet Capital Group led this round with a $7 million investment. The ICG's managing director, Kenneth A. Fox, said Deja News "has the opportunity to become the ubiquitous brand for discussion and community on the Internet." One of the company's new ventures is to become an archivist of discussion groups. Deja News CEO Guy Hoffman said the University of California at Berkeley and Macromedia Inc. have becoming the first organizations to agree to have their discussion forums stored on Deja News' Web site. Hoffman said "Many companies are creating virtual communities to promote their products and services and discussion forums are the foundation of these efforts." A Macromedia spokesman explained the company is "transitioning our online support to newsgroup and Web-based resources. It is crucial that our newsgroup content be easily and widely accessible."

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