PR Newswire - March 26, 1999 09:43
SARASOTA, Fla., March 26 /PRNewswire/ -- Renaissance Capital senior analyst Ken Fleming told StockHouse.com, in a featured interview, that an
imminent takeover of MiningCo.com (Nasdaq: MINE) is "not out of the question" and that Comcast "could be" considering MiningCo.com as a "top
portal site, a flagship site."
Fleming's comments about a mix between cable companies and Internet portals suggests more acquisitions could be expected when, he said, "a lot of
people look at the cable companies as a delivery mechanism for the Internet." Later in the StockHouse.com interview, he added, "It makes sense and
the media names certainly add credibility to the Internet deal." When asked about additional acquisitions by major companies of Internet startups,
Fleming responded, "They realize it's very difficult to do it yourself. So you have to get into the ones that are there already or you're going to get left
behind." Fleming confirmed that there is a scramble for major companies to snap up Internet IPOs, helping to explain why there are such strong runups
in the early days and weeks after an Internet company goes public. |
