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Technology Stocks : Data Broadcasting Corp. (DBCC)

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To: esecurities(tm) who wrote (2270)1/8/1999 2:18:00 PM
From: esecurities(tm)  Read Replies (1) of 5102
 
REUTERS: Data Broadcasting shares jump about 33 pct

NEW YORK, Jan 8 (Reuters) - Shares of Data Broadcasting jumped about 33 percent amid excitement over the initial public offering of Marketwatch.com Inc., which is slated for next week, and the Internet frenzy sweeping through the market.

The stock was last trading at 26-7/16, up 6-9/16 on the day.

Analysts said the information provider's stock has been climbing amid the buzz of online business information service provider Marketwatch.com's IPO. It is offering 2.75 million shares through lead underwriter BT Alex Brown, and the shares are expected to price between $10 to $12.

The company was formed in a joint venture between Data Broadcasting and CBS Corp.(NYSE:CBS - news). Marketwatch.com's IPO is expected to be a successful one largely because it has CBS as a marketing tool and Data Broadcasting's technological infrastructure..."


source: &copy Friday January 8, 12:51 pm Eastern Time
biz.yahoo.com
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