WavePhore<WAVO.O> expands service, trade volume up
PHOENIX, Dec 23 (Reuters) - WavePhore Inc., a news and Internet broadcast services provider, said Wednesday it had signed expanded information agreements with two leading Web providers.
News of the agreement spurred a flurry of trading activity as its shares gained 1-5/8 at 8-3/4 on a high volume of almost 4.7 million shares by mid-afternoon Wednesday. Its average daily volume is about 3.3 million shares.
WavePhore WaveTop and Warner Bros. Online launched last week, The Warner Bros. Online Theater on WaveTop (http://www.wavetop.net).
The theater offers a 'virtual movie theater', where home personal computer users can watch selected clips from unique Warner Bros. properties.
News America Digital Publishing also signed an agreement to provide the WaveTop service with information from Fox News Online and Fox Sports Online.
WaveTop's electronic commerce and advertising-supported service also provides multi-media programming, including news, investment advice and information, children's programming, weather and free software downloads, all supplied by Web content providers.
13:29 12-23-98
Copyright 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL. |
