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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999! -- Ignore unavailable to you. Want to Upgrade?

To: TLindt who wrote (638)	12/10/1997 9:28:00 AM
From: chirodoc	Respond to of 3183

Wednesday December 10, 3:03 am Eastern Time WhoWhere? strikes free e-mail deal with Qualcomm <<<<<<<Now Doc if this one takes off I'm really gonna get pissed! Come'on January!! ..........i think i will buy 300 shares at some point today. although there will only be room for a few engines, i have little doubt that yhoo, xcit will be around in a few years--they have too much of a head start. not as much as ckfr, mind you. .......relax, with your property deals and your stock prowess, you will be a very rich man someday. PALO ALTO, Calif., Dec 9 (Reuters) - WhoWhere? Inc. has struck a deal to supply free Web-based electronic mail to users of Qualcomm's (Nasdaq:QCOM - news) Eudora mail, which has more than 18 million users, industry sources said. The deal gives a huge potential boost to WhoWhere? in the mushrooming market for electronic mail accounts that can be accessed remotely from any browser over the Web. The privately held company, based in Mountain View, Calif., this week said it had 7.5 million registered users of its Web-based services, including more than four million free e-mail users. WhoWhere? has over a dozen top partners including Excite Inc (Nasdaq:XCIT - news), iVillage and ZDNet. WhoWhere? is backed by Venrock, the venture capital arm of the Rockefeller family, along with venture firms Charter and VantagePoint Ventures, and an investment partnership of Robert Bass of Texas. The company recently raised $10 million in fresh financing from its investors. Company officials were not immediately available for comment on the Qualcomm-WhoWhere? deal, but industry sources familiar with the situation confirmed it has been concluded and could be announced this week. Qualcomm posted logos signifying its new WhoWhere? relationship and offering Web-based e-mail from WhoWhere? on its Web site on Tuesday afternoon, as Cnet reported on its News.com Web site. Qualcomm this week introduced its Eudora Pro Email 4.0, the latest version of its popular electronic mail family, with an expected street price of around $39. The market for Web-based electronic mail has recently heated up. In October, Yahoo! Inc. (Nasdaq:YHOO - news) bought privately-held Four11 Corp. for shares valued at the time at $94 million. Last month Premiere Technologies Inc (Nasdaq:PTEK - news). (Nasdaq:PTEK - news) said it made an investment valued at $3 million in USA.Net, Inc., another rival. And Hotmail Corp., whose Chief Executive Officer Sabeer Bhatia said it had more than 12 million registered users and more than 9.2 million active users, has received approaches from a number of would-be suitors and partners, including Microsoft Corp. (Nasdaq:MSFT - news). Hotmail, which is seeking to close a fresh financing round to raise $15-20 million, has declined comment on any pending deals or discussions, but plans to roll out new electronic commerce capabilities soon. Qualcomm shares slid Tuesday to close at 65-1/8, down 3-7/16.