Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who wrote (7267)	1/29/1999 7:28:00 PM
From: xcr600	Read Replies (3) of 122087

Anthony, Here's one to put on the radar screen. <SATH> cbs.marketwatch.com Shop At Home jumps on coming Net news By David B. Wilkerson, CBS MarketWatch Last Update: 7:14 PM ET Jan 29, 1999 NASHVILLE, Tenn. (CBS.MW) Shares of television-based retailer Shop At Home skyrocketed 44 percent Friday on news the company plans to unveil Internet expansion plans and partnerships during a live national broadcast Feb.10. The stock (SATH) rose 5 1/4 to 17 1/8. Shop At Home, which already offers online shopping through its site at shopathomeonline.com, said after the market closed Thursday that the announcement will be seen on the Shop At Home Network and the Echostar DISH and Primestar satellite services. It will also be simulcast on a new Web site launching Monday, sath.com. The company will also release its fiscal second quarter earnings during the broadcast. President and Chief Executive Kent Lillie said in a statement that Shop At Home chose to release the news this way "because our concept can best be presented in a multimedia format and because of the broad marketplace interest in our company and our plans." Lillie told CBS.MarketWatch.com the company didn't go out and make Internet deals as a reaction to the sector's recent surge. He said the plans were made "a long time ago." The rise is Net stocks is just "a happy coincidence," he said. Shop At Home is the nation's third-largest TV shopping retailer after Comcast (CMCSK) and Liberty Media's (LBTYA) QVC and Barry Diller's (USAI) Home Shopping Network. Since mid-December, the stock has risen from the 5 level. Shop At Home is seen in more than 60 million cable TV households across the U.S. David B. Wilkerson is an online reporter for CBS MarketWatch.

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