Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : General Electric (GE) -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (926)	8/10/1999 4:17:00 PM
From: TechMkt	Respond to of 3256

News about the XOOM deal. Imagine this bodes VERY well for GE. What could the "significant announcements" be? Fez ________________ Xoom.com (XMCM: news, msgs) tumbled 2 5/8, or 8 percent, to 30 3/8. Chairman Chris Kitze told CBS.MarketWatch.com that the company's plan to complete a three-way merger with General Electric's (GE: news, msgs) NBC unit and CNet's (CNET: news, msgs) Snap.com is on track to close by October. In fact, there could be significant announcements in the next couple of weeks on the business-development side related to the deal, said Xoom executives. Kitze, who owns 20 percent of Xoom, said he's spoken to all the shareholders personally and nearly 50 percent support the deal. Kitze was responding to a Web site called Iconocast, which boasts to be a "fantastic gossip source."