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Technology Stocks : WavePhore (WAVO)- VBI fed WaveTop for WebTV -- Ignore unavailable to you. Want to Upgrade?

To: stephen wall who wrote (957)	3/6/1998 3:15:00 PM
From: Ken Turetzky	Respond to of 2843

It's official: =Microsoft Has Taken 2.9% Stake In Wavephore Dow Jones News Service via Dow Jones NEW YORK (Dow Jones)--Microsoft Corp. (MSFT) bought 500,000 shares of Wavephore Inc. (WAVO) on the open market, taking a 2.88% stake in the company, according to a list of institutional holders released Thursday. Microsoft completed the purchases by November of 1997, soon after it agreed to include WavePhore's data broadcast software and service, WaveTop, in its Windows 98 operating system. WavePhore provides high-speed data delivery for real-time news services. Wavephore's Chairman and Chief Executive, David Deeds, had no comment on Microsoft's intentions in purchasing the shares, but said he is not surprised about the investment since the companies have a "good relationship." Microsoft officials were not immediately available for comment. Hoak Breedlove Wesneski analyst Jay Somaney said the investment is "a major endorsement of Wavephore's technology" and noted that Microsoft "invests in a lot of companies whose technology it believes in." Intel Corp. (INTC) also holds 2.88% stake in Wavephore. Wavephore's shares were recently up 9/16, or 6.3%, at 9 7/16 on Nasdaq volume of 164,300 shares compared with an average daily volume of 141,400 shares. -By Joelle Tessler; 201-938-5285