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.

Technology Stocks : Data Broadcasting Corp. (DBCC) -- Ignore unavailable to you. Want to Upgrade?

To: esecurities(tm) who wrote (5018)	11/23/1999 4:33:00 PM
From: 613	Respond to of 5102

esec: Do you have the experience to translate the latest filings/deals to us non MBA's?

To: esecurities(tm) who wrote (5018)	12/20/1999 4:31:00 PM
From: esecurities(tm)	Read Replies (1) \| Respond to of 5102

[12-20-99 04:03 PM ET] OUTGOING CO-CEOs' CONTROVERSIAL PROPOSED FINANCIAL TIMES MERGER DRIVES DBCCs SHARES DOWN ~44.4%[1.] SINCE THEIR NOV 15[2.] ANNOUNCEMENT TRADING AT 7 7/8 INTRADAY...DEAL ONCE VALUED AT $800M NOW VALUED AT ~$450M[2.]... [1.] Said $800M transaction (56.5 million shares issued to FTAM (x) $14 3/8 (Nov 15 close)) has decreased appx. $360M. Accordingly, said "$800M" transaction is worth appx. $450M (v. $800M) as of today's close. [2.] Data Broadcasting to Merge with Financial Times group's Asset Management Business in More Than $800 Million Transaction *"...The value of the shares to be exchanged is more than $800 million based on Data Broadcasting's closing price on Friday, November 12, 1999 ($14-3/8)...The transaction, which is subject to the approval of Data Broadcasting's shareholders, regulatory approvals and other customary conditions with respect to Data Broadcasting and MarketWatch.com, is expected to be completed early in 2000...Allan Tessler and Alan Hirschfield, Data Broadcasting's co-chief executive officers, said: ``As a result of our agreement with Pearson, the merger of FTAM and Data Broadcasting, together with our stake in MarketWatch.com and the link to the FT group, will create the world's leading specialist financial information business. We believe that this transaction will accelerate our presence in the Internet world and create significant long-term value for our shareholders...Larry Kramer, president and chief executive officer of MarketWatch.com, said: ``This is a very exciting development for CBS.MarketWatch.com. We look forward to working with our new partner. Our news operations are very complementary, so we can easily cross-promote and help bring each other's content to our respective markets..." -[emphasis added] Source: Nov 15, 1999* Company Press Release dbc.com (WallStreetRadio.com Newswires(tm)). DayTradersNewswire.com(tm). DayTradersCafe.com(tm).