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Technology Stocks : MetaCreations (MCRE) - Detailed Goo in a Soapy Dream
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To: E*Trader who wrote (707)11/30/1998 4:58:00 PM
From: Ernest Poe  Read Replies (1) of 846
 
MCRE.

MetaCreations Rises on Expectations of Microsoft Distribution

Carpinteria, California, Nov. 30 (Bloomberg) --MetaCreations Corp. shares soared as much as threefold after the computer- graphics developer said it expected Microsoft Corp. to distribute its Internet software with Windows 98.

MetaCreations's shares rose 4 to 7 13/16 in late trading of 8.3 million, more than 60 times the three-month daily average. Earlier, the shares reached 11 3/8.

Carpinteria, California-based MetaCreations said it expects Microsoft to put its MetaStream software in the Windows operating system to enable programmers to create three-dimensional graphics. MetaStream allows the viewing of 3-D objects over the Internet and can be used in games, Web sites and electronic commerce.

''Pursuant to our licensing agreement with Microsoft, the MetaStream engine will ship as a component of the Windows operating system,'' said Bob Rice, vice president of business development at MetaCreations.

On June 2, MetaCreations and Microsoft announced that Microsoft licensed the Metastream 3-D graphics-file format. On July 21, MetaCreations said Microsoft would include MetaStream in its Chromeffects interactive-media technology.

Redmond, Washington-based Microsoft fell 4 1/16 to 124.
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