*** OT *** Voltaire, Here's some info on DBC, just in case you're inclined to roll the dice:
Dow Jones Newswires
NEW YORK -- Data Broadcasting Corp. (DBCC) shares rose again Tuesday,
climbing to a 52-week high intraday, but a company spokeswoman said it didn't release any
news.
The stock's previous 52-week high was 15, which was achieved on Nov. 30. Shares of Data
Broadcasting, a Jackson, Wyo., company that provides real-time market data, were recently
trading above that mark at 15 3/4, up 2, or 14.5%, with much of the day's volume of almost 5
million coming from block trades of between 10,000 to 50,000 shares. Earlier in the day, the
shares traded as high as 16 1/4.
La Salle St. Securities analyst Daniel King cited the company's plans to launch an initial public
offering for CBS MarketWatch, the company's 50-50 joint venture with CBS Corp. (CBS). CBS
MarketWatch operates a business-news Web site with stock quotes and other financial
information.
"Market expectations for the offering are high," said King, who noted Data Broadcasting will
retain a 38% stake in the company after the offering, which he said is "widely expected" to occur
in January.
"When Internet stocks rally, expectations get scaled up a notch," said King, who cautioned
investors about the stock's recent volatility. He said the stock has been picked up by a lot of day
traders, and he speculated that if there were a correction in Internet stocks, Data Broadcasting
shares would likely see a reversal. |
