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To: ms.smartest.person who wrote (199)	10/20/2000 3:38:29 PM
From: AugustWest	Respond to of 231

(REUTERS) NBC Internet President, COO Sanctis to resign-source NEW YORK, Oct 20 (Reuters)- NBC Internet Inc. <NBCI.O> President and Chief Operating Officer Edmond Sanctis plans to resign, a source familiar with the situation said Friday. The recent restructuring of the Internet media company and resulting overlap was one of the reasons for Sanctis' plans to depart, the source said. NBC Internet revamped its organization this summer, refocusing its efforts and combining its different properties, including Xoom.com and Snap.com, under the NBC Internet brand in hopes of moving toward a profit quicker. General Electric Co.'s <GE.N> NBC holds a 39.3 percent stake in the Internet company. Earlier this week, the San Francisco-based company said it would merge its AllBusiness.com small business services unit with Bigvine Inc. to form a new company in which it would hold a 49 percent stake. It cited a renewed focus on the U.S. mass-market Internet audience behind the decision. The company, whose shares have plummeted more than 90 percent from the end of January, has lost several high-level executives in recent months. Chief Executive Chris Kitze resigned in March and was replaced by William Lansing. John Harbottle resigned in May as chief financial officer and was replaced by Anthony Altig. Its shares were last to up 3/8 at $5-3/16, off its 52-week low of 4-5/16 in afternoon trade. ((--Reshma Kapadia, New York Newsdesk, (212) 859-1892)) REUTERS * end of story *