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To: Mark Fowler who wrote (67856)7/15/1999 4:26:00 PM
From: Glenn D. Rudolph  Respond to of 164685
 
Dixons<DXNS.L> dips as Freeserve value questioned
LONDON, July 15 (Reuters) - Shares in retailer Dixons Plc,
home of soon-to-be-floated Internet service provider Freeserve,
dipped on Thursday after a leading IT merger specialist
questioned Dixons' valuation of Freeserve.
The shares shed 34 pence or 2.43 percent to 13.65 pounds by
0934 GMT, making it the second largest decliner in a rising FTSE
100 index.
The Financial Times newspaper reported Broadview, the
acquisition specialists, as saying Freeserve was valued higher
than Yahoo! <YHOO.O>, the leading US-based Web portal, and that
Freeserve could not justify this lofty price without changing
its format and boosting its content to retain users.
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Rtr 06:02 07-15-99