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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: bsl113 who wrote (35836)	12/28/1999 12:57:00 PM
From: Ian Davidson	Read Replies (1) \| Respond to of 74651

From the WSJ: Dow Jones Newswires -- December 28, 1999 Internet Gold, Microsoft To Launch MSN Israel NEW YORK -- Internet Gold-Golden Lines Ltd. (IGLD) and Microsoft Corp. (MSFT) signed a memorandum of understanding to jointly establish a portal company to administer and operate MSN Israel. In a press release Tuesday, Internet Gold, Tel Aviv, said it will hold 50.1% of the new company, while Microsoft holds 49.9%. Microsoft will provide technology and distribution rights to the MSN brand for MSN Israel, which is scheduled to begin operating by January. The two companies are "contemplating entering a definitive agreement," Israeli Internet provider Internet Gold said. Shares of Internet Gold recently traded at 24 13/16, up 10 9/16, or 74.1%, on Nasdaq volume of 541,900 shares. Average daily volume is 391,607 shares. Shares of Microsoft recently traded at 117 9/16, down 1 9/16, or 1.3%, on composite volume of 6.3 million shares. Average daily volume is 29.9 million shares. -Jennifer Rossa; Dow Jones Newswires; 201-938-5400