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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Kevin McKenzie who wrote (73170)	2/9/2000 2:55:00 PM
From: KevinMark	Read Replies (2) \| Respond to of 108040

Just shorted again for 2 more points. What a POS.

To: Kevin McKenzie who wrote (73170)	2/9/2000 3:14:00 PM
From: KevinMark	Respond to of 108040

Hey Kevin...get this. More news just out from the POS. Everybody short this POS. (REUTERS) SoftNet, partners to invest $100 mln in venture SoftNet, partners to invest $100 mln in venture SAN FRANCISCO, Feb 9 (Reuters) - Softnet Systems Inc. <SOFN.O>, a provider of high-speed Internet access solutions to businesses, said on Wednesday it and two high-technology firms would jointly invest $100 million to create a service designed to bring speedy wireline and wireless Internet access to business travelers. CMGI Corp. <CMGI.O>, Compaq Computer Corp. <CPQ.N> and SoftNet will provide funding and technology to the venture, to be called SoftNet Zone. Finnish cellphone maker Nokia Corp. <NOK.N> and Cisco Systems Inc. <CSCO.O> will provide technological and equipment support to the venture, Softnet said. SoftNet Zone will operate local networks and computing business service centers in areas such as major airports, convention centers and hotels with the aim of making Internet access readily available to travelers' mobile computing devices. As part of the strategy, SoftNet also said it agreed to acquire closely held Laptop Lane Inc. for 1 million shares of SoftNet stock and about $3.5 million in debt. Laptop Lane is a provider of mobile computing and communications services in airports. SoftNet stock fell 1/4 to 44-1/4 in Nasdaq trading. (( San Francisco newsroom // +1 415 677-2500 )) REUTERS * end of story *