Data Broadcasting Corp. (DBCC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Data Broadcasting Corp. (DBCC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kelvin Taylor who wrote (1822)	12/31/1998 3:31:00 PM
From: Mohan Marette	Read Replies (1) of 5102

Just in-Here is another blurb from Reuters via Yahoo on DBCC and the IPO Thursday December 31, 2:44 pm Eastern Time Data Broadcasting up due to MarketWatch IPO NEW YORK, Dec 31 (Reuters) - Data Broadcasting Corp (Nasdaq:DBCC - news) jumped 27 percent in response to a Business Week article, bolstering the highly anticipated initial public offering of MarketWatch.com, a joint venture of Data Broadcasting and CBS Corp (NYSE:CBS - news), an analyst said. Data Broadcasting shares jumped 3-11/16 points to 18-1/8 during otherwise quiet Thursday afternoon trade. CBS shares were up 5/16 at 32-1/16. The article in the latest issue of the weekly newsmagazine, said many investors anticipate MarketWatch.com ''to blast off after the opening--just like the recent IPOs of Internet outfits that serve robust niche markets.'' MarketWatch.com is expected to raise between $28 million and $33.6 million in a public offering in late Jan. 1999. Its debut is anticipated to be a whooping success as it has been for many of its predecessors, such as uBid Inc (Nasdaq:UBID - news). The online auctioneer had priced its IPO at $15 in early December and soared to a high of $188 the following week. Bid was off 7-3/8 at 111-5/8 on Thursday. Despite overall stunning success, some Internet-related companies have seen their stock values declining, mostly due to profit taking. biz.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next