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To: Sig who wrote (52842)	12/6/1999 11:57:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 152472

InfoSpace.com To Acquire Saraide, Prio Separate Stock Deals Total About $740 Million Get Quote, Company Info: INSP By Martin Wolk Reuters SEATTLE (Dec. 6) - InfoSpace.com Inc., a high-flying Internet infrastructure company, Monday said it will acquire a wireless services provider and an e-commerce company in separate stock deals worth more than $750 million. The company's acquisition of Saraide, based in San Mateo, Calif., will give it relationships with more than 20 wireless carriers around the world and instantly make wireless services its biggest business segment, accounting for about 40 percent of total revenues next year, according to Naveen Jain, chief executive of InfoSpace. InfoSpace also is buying Prio Inc., a Mountain View, Calif., company with a platform tying together financial institutions and online and traditional merchants. InfoSpace stock, which has been surging since last week, rose 17-5/8 to close at a record $149 on Nasdaq, giving it a gain of 43 percent in just three sessions. InfoSpace will issue about 2.4 million shares of common stock to acquire Saraide and nearly 2.7 million shares to buy Prio in the two deals, which are expected to close in the first quarter of 2000. Hatim Tyabji, founder and CEO of Saraide, will become president of InfoSpace's wireless services division, while Ashok Narasimhan, Prio's CEO, will become president of InfoSpace's merchant services. Arif Janjua, a former Saraide executive, has joined InfoSpace as president of its consumer services division. Peggy Ledvina, analyst for Dain Rauscher Wessels, said the developments were positive for InfoSpace, which has emerged as a leader in providing ''private label'' content and services to some of the Web's most popular destinations. She said the acquisitions would hurt the company's ability to turn a profit in the near term but boost its overall growth prospects. ''They're signing really long-term, large dollar contracts, so for the foreseeable future, their business is going to continue to grow pretty significantly,'' she said. Before the deals were announced, prominent Merrill Lynch analyst Henry Blodget said he had initiated coverage of the company with an ''accumulate'' rating and a 12- to 18-month price target of $160 per share. He said the company's fundamentals were good, but he expressed concern about its high valuation.

To: Sig who wrote (52842)	12/7/1999 12:02:00 AM
From: Boplicity	Respond to of 152472

Net One Rises on Report It'll Sell Faster Wireless LAN Systems Tokyo, Dec. 7 (Bloomberg) -- Net One Systems Co., a supplier of computer networking equipment, rose as much as 7.3 percent on a report it plans to sell a new wireless communication technology offering transmission speeds ten times faster than those in conventional wireless networks. Shares in Tokyo-based Net One jumped as much as 160,000 yen to 2.35 million yen in the morning session. Trading volume was 643 shares, on course to surpass the daily average the past three months. With today's gains Net One has rocketed more than fourfold this year on expectations the spread of the Internet in Japan will fuel strong earnings growth. The supplier of Internet switching equipment as soon as next month will start selling wireless local area network systems offering transmission speeds of 100-megabits-per-second, 10 times faster than existing networks, the Nihon Keizai newspaper reported, without citing sources. ''This is positive news,'' said Hidenori Karaki, manager at Tokyo-Mitsubishi Personal Securities Co.'s equity department. ''There's a huge appetite for internet-related stocks right now, so any good news will push prices higher.'' A decision yesterday by Net One's two largest shareholders to sell part of their holdings in the stock, a move likely to improve liquidity in Net One, also lifted the stock. Kawasaki Steel Corp. and Mitsubishi Corp. said yesterday they will sell a total of 23,600 shares in Net One later this month at 2.1243 million yen a share. Japan's third-largest steelmaker said it will sell all of its 13,502 shares in Net One Systems Co. for 26.6 billion yen, while Japan's second-largest trading company will sell about a third of its 33.1 percent stake for 19.9 billion yen. Mitsubishi's share in Net One will fall to 20.4 percent as a result of the transaction