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Technology Stocks : INFOSEEK (GO) -- Ignore unavailable to you. Want to Upgrade?

To: Tom Klempay who wrote (3390)	4/2/1998 7:25:00 AM
From: Al Dorsa	Read Replies (2) \| Respond to of 9343

Related news: Soros Net venture links with CNNfn CNNfn's Web site has agreed to offer business and industry news and information aggregated by an Alexandria, Va,.-based firm backed by Soros Fund Management, the investment management firm controlled by billionaire investor George Soros. The site (cnnfn.news-real.com) will offer visitors a co-branded version of IndustryWatch, developed and marketed by NewsReal Inc. NewsReal culls news and information about 20 industries from more than 500 sources, including wire services, newspapers, trade magazines and newsletters. "We put together many of the industry-specific kinds of things you would expect to see on a site and pay for," explained Jeff Massa, the company's senior VP of technology. "But it's completely free." He pointed out many of NewsReal's management team members have experience in services which deliver news and information to companies on a subscription basis. "We reviewed which industries spend the most money for these services, and then began to offer that material," he told CBS Marketwatch. The technology executive pointed out visitors to the company's own site (www.news-real.com) don't have to click on headlines to see details on items which catch their interest. Pausing the mouse on the headline prompts display of the item's first several sentences. "You can scan as many as a hundred articles in half an hour," he said. NewsReal was originally chartered by InfoSeek Inc. (SEEK) to develop a corporate information division. In December of last year, management bought the business. "It didn't take very long for us to find backers," Massa said. He agreed that, like many Net ventures, turning a profit may not happen soon. "There is a piece of the business plan which says we have to go and get market share. We don't intend to build that ourselves. But we will provide our service free to Web sites which have access to millions of users, in return for a share of the advertising revenue."