CNET: The Computer Network (NASDAQ:CNET) Message Board

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Technology Stocks : CNET: The Computer Network (NASDAQ:CNET)

CNET 1.270

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Jan 21 2:43 PM EST

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To: Randy Ellingson who wrote (258)	7/21/1998 8:35:00 AM
From: Scott Stents	Read Replies (1) of 1133

Heres the beauty: 2.5 million shares shorted a/o the end of June, but only 4.5 million float. And only .5 million avg. daily volume. Lastly, look at the market cap of any major network (if able to determine), and compare it to the paltry CNWK market cap. And if the networks go online in the next few years for programming and distribution.........ANd by the way, CNWK announced their 1st profitable month in their last earnings announcement - remember, NBC wont increase its ownership until profitability occurs, cause then it would be financially/ accounted for as "subsidiary" status (>60%), rather than "affiliate" status (<50% ownership), which would affect GE's bottom line if a sub is unprofitable, but not if an affiliate is.

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