To: Tom Hua who wrote (23 ) 11/15/1999 9:19:00 PM From: Tom Hua Respond to of 653
Evening edition of WSJ Online. ESHR is recognized side by side with KANA. Monday's Market Activity Elsewhere in the technology sector Monday, Ask Jeeves rose 10 3/4 to 67 3/4 on Nasdaq. The company agreed to acquire real-time online customer-support software maker Net Effect Systems for about $288 million in stock (see article). Other online customer-service firms also gained. Eshare Technologies rose 1 1/32 to 9 13/16 and Kana Communications added 6 1/16 to 125 5/16, both on Nasdaq. Data Broadcasting slipped 1 15/16 to 12 7/16 on Nasdaq. U.K. publisher Pearson agreed to take a controlling stake in Data Broadcasting in a deal valued at more than $800 million (see article). Pearson said the stake would facilitate an alliance between the companies' online financial-information efforts -- MarketWatch.com and FT.com. MarketWatch, in which Data Broadcasting owns a minority stake, gained 3 3/16, or 6.5%, to 46 on Nasdaq. Priceline.com advanced 3 9/16, or 5.9%, to 59 15/16 on Nasdaq. Ford Motor will let visitors to its Web site negotiate prices for new cars using Priceline's online bidding system, the first deal of its kind (see article). Red Hat rose 3 9/16 to 105 3/8 on Nasdaq. Red Hat agreed to acquire Cygnus Solutions for about $674 million in stock. The deal combines two leading makers of "open source" software (see article). ZapMe! slipped 7/16 to 12 5/16 on Nasdaq. Merrill Lynch initiated coverage of the school-technology provider's stock at intermediate and long-term "buy." Juniper Networks slipped 3 1/2 to 283 1/2 on Nasdaq. Juniper agreed to acquire closely held Layer Five, which develops network hardware architecture and related software, for about $19 million in cash and stock. Portal Software slipped 2 3/8 to 80 5/8 on Nasdaq. Merrill started coverage of the stock of the customer-management and billing-software firm with a short-term "accumulate" rating. Gartner Group gained 9/16 to 12 on the New York Stock Exchange. Credit Suisse First Boston started coverage of the technology consulting and research firm with a "buy" rating.