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Technology Stocks : Macromedia...making a comeback? -- Ignore unavailable to you. Want to Upgrade?

To: sam sanders who wrote (2152)	4/6/1998 4:10:00 PM
From: vibaby	Read Replies (1) \| Respond to of 2675

Here's the end of the article: Things continue to heat up in the training industry. As forecast in our March 2 cover story, Asymetrix Learning Systems, a Seattle-based provider of software and services for online learning, filed with the SEC last week for a $40 million IPO. The 14-year-old company is controlled by Microsoft co-founder Paul Allen. Meanwhile, Knowledge Universe, the secretive education and training conglomerate backed by Larry Ellison and Michael Milken (and likewise featured in our recent cover story) has opened its wallet again. This time its Knowledge Beginnings unit has agreed to buy Children's Discovery Centers, a publicly held operator of preschools and elementary schools, for $85 million. Perhaps the Asymetrix filing has contributed to the revaluing of Macromedia, its chief rival in online learning software tools. Of course, Macromedia is best-known as a provider of Internet authoring tools like Shockwave and Director-i.e., it's an Internet stock. Last week Macromedia shares gained 3 1/2, or 27.3%, to 16 5/16. It's doubled since January. c Dow Jones