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Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC)

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To: esecurities(tm) who wrote (2668)10/23/1998 2:03:00 PM
From: esecurities(tm)  Read Replies (2) of 4231
 
e-commerce trend alert....

"...MAJOR COMPANY/INDUSTRY NEWS: (All prices as of 10:35 a.m. ET) ** CDNOW INC. (CDNW: 9-1/4, - 3/16) and N2K INC. (NTK: 24-5/16, unchanged) will merge to form an online music retailer with a customer base of 1.2 million consumers, both Internet companies announced Friday. The merger underscores the significant growth that has characterized electronic commerce and the importance that size will play to competitors as the marketplace continues to mature. Online spending on books and music is estimated to total $300 million in 1998, according to Forrester Research. The market is projected to grow to $4.5 billion by 2002..." [emphasis added]

source: InfoBeat Finance Morning Call 10-23-98
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