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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (28385)	4/14/2000 12:32:00 PM
From: The Phoenix	Read Replies (3) \| Respond to of 63513

Yeah... They PM'd me early this monring and I told them to take a flying leap. They want to interview those that are on the margin. Sheesh... I hate it when the press takes joy in other's pain. OG

To: Jorj X Mckie who wrote (28385)	4/14/2000 12:45:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 63513

VerticalNet, Microsoft seal deal-- 100 Million Investment (Vert is down to a 1 Billion Mkt cap. I'd say it's a bit over done since it's down 81%,and they have another 100 million to burn through. besides MSFT could always double down. hence getting some here at 28--JP) ------------------- By Cecily Fraser, CBS MarketWatch Last Update: 4:42 PM ET Apr 10, 2000 NewsWatch REDMOND, Wash. (CBS.MW) -- Online trading community VerticalNet and Microsoft announced Monday that the two companies have sealed a three-year business-to-business, e-commerce services alliance announced earlier this year. 04/14/2000 11:44:28 AM ET VerticalNet, which operates 55 industry-specific Web sites designed as online business-to-business communities, received a $100 million equity investment from Microsoft. Shares of Horsham, Pa.-based VerticalNet (VERT: news, msgs) fell 7 23/64 to 50 7/8. On Jan. 21, VerticalNet's stock soared 30 percent when the deal was first laid out. See full story. As part of the alliance, Microsoft will purchase at least 80,000 VerticalNet storefronts and e-commerce centers and distribute them to third-party businesses. "We believe that this strategic alliance represents a tremendous competitive advantage for VerticalNet by extending our reach to thousands of small- and medium-sized businesses who are eager to participate in the power of e-commerce," said Mark Walsh, president and CEO of VerticalNet. Shares of Microsoft (MSFT: news, msgs) fell 3 to 86 1/16.