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Technology Stocks : Compaq

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To: rupert1 who wrote (61338)5/14/1999 2:56:00 PM
From: rupert1  Read Replies (2) of 97611
 
Dixon's were the first to offer free internet access with Computers. Since October, that free service has become a leader in the UK. They are talkign off spinning it off. This article shows just how fast they are adding cotnentI wish AV was as quick as these go-gettum Brits.

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Posted 14/05/99 12:33pm by Tim Richardson

Freeserve adds share buying to its service

Dixons has just forked out $15 million for a 13 per cent share in GlobalNet Financial.com to bolster the content provided by its highly successful ISP Freeserve.

Within months it appears the electrical retailer-come-Internet company will start offering an on-line sharedealing service to rival established firms such as Charles Schwab.

According to reports, the service will cover all stocks and shares listed in the UK and the US and could also lead to a wide variety of other financial products including mortgages.

Of course the deal has a reciprocal value for GlobalNet Financial.com giving Freeserve's 1.1 million subscribers access to its Web site UkiNvest.com.

"We believe a closer relationship with Freeserve will help us expand at a much faster rate as well as maximise our equity value over the long term," said Stanley Hollander, president and CEO of GLBN.

As part of the deal, Freeserve has the option to increase its stake in GLBN to 19.9 per cent. ®
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