Blue, I may not have won her hand, but I will still love my Go2Net from afar ...
Here's something from theStreet.
More Net Plays
Net stocks remain the big movers in the Nasdaq today. Among the winners are AboveNet Communications (ABOV:Nasdaq), @Home (ATHM:Nasdaq), CNet (CNET:Nasdaq) and Go2Net (GNET:Nasdaq).
AboveNet soared after it announced a strategic joint venture with an Austrian firm to build a regional data center. The company expects the deal to lead the way to providing service throughout Eastern Europe. It was trading 16 higher, or 27%, at 75 3/4.
Gains in @Home are related to the announced merger between Comcast (CMCSA:Nasdaq) and MediaOne Group (UMG:NYSE). Comcast is one of the cable operators that owns a piece of @Home and offers the company's service so @Home will have another distribution outlet. It was trading 17 3/16 higher, or 13%, at 151 1/4.
In somewhat related news, shares of CNet also gained after it announced that its Snap online network had launched a high-speed Internet service. CNet was trading 13 1/8 higher, or 15%, at 101.
Go2Net is up 17, or 15%, at 134 1/4. The company is holding a shareholders meeting today, and the run-up could be in anticipation of a split announcement or other news from that meeting.
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That's what I get for not reading my Street until after the bell.
Sigh.
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