CNET: The Computer Network (NASDAQ:CNET) Message Board

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Technology Stocks : CNET: The Computer Network (NASDAQ:CNET)

CNET 1.910

+1.1%

Nov 7 3:45 PM EST

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To: Sam Matz who wrote (867)	5/10/1999 12:31:00 PM
From: Apache Indian	Read Replies (2) of 1133

I dont think CNET shareholders get anything out of this deal. My understanding is CNet owned 40% of Snap. 40% of Snap was held by GE (NBC), and the rest by others. Now NBC rolls in all its other online ventures into NBCi, and decides to merge this new company with Xoom. CNet will now hold only 13% of this new company Xoom shareholders will get 34% of NBCi. In effect they'll get 1 share of NBCi for every 3 shares of Xoom, when NBCi starts trading. (?) (that part is a mystery..) CNet will in all likelihood retain the shares it gets of NBCi. I dont think the shareholders are involved here just like they were uninvolved with the Snap, Vignette etc. holdings. Its interesting to see what NBCi IPOs at. It should bring Xoom's current price down wouldn't it ? I'm just thinking and guessing.. I wouldn't remain long in Xoom, I would buy CNet though since its doing pretty well on its own anyways. There a stock split ahead. Earnings were great. The convertible bond offering is the only roadblock. VERT.. I sold most of it around 120. heve a token position still in there. I like their idea, but can they execute ? remains to be seen.

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