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Technology Stocks : About.com (BOUT)

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To: opey who wrote (126)	3/25/1999 5:38:00 PM
From: puborectalis	Read Replies (1) of 438

Comcast's investment is all I have to know for buying this baby! Indeed, this girl may already be courting potential partners. Cable operator Comcast (CMCSA) decided to take a small $2.5 million stake in MiningCo.com at the time of the IPO, buying just over 106,000 shares at $23.50 each in a private placement. The investment from Comcast, which earlier this week announced the acquisition of MediaOne, could be a direct response to Paul Allen's recent decision to buy a controlling stake in Go2Net through his Vulcan Ventures outfit. As more people start using the cable wires to access the Internet, the cable companies must find a way to supply these users with content. Comcast already has signed an agreement to use the Internet service from AtHome (ATHM), which is expected to close its purchase of Excite later this year. Whatever the strategic reasons for Comcast's investment, the decision was a no-brainer for the company, Keane said. "They probably wanted to see some $2.5 million turn into $20 million in a couple of days thanks to a crazy IPO." Comcast's MiningCo.com shares cannot be sold until they are registered.

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