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Technology Stocks : SPYG in the mid-teens -- Ignore unavailable to you. Want to Upgrade?

To: paul goldstein who wrote (214)	5/9/1998 8:08:00 AM
From: lloyd bashaw	Respond to of 219

The following release was picked up by daytraders. Spyg went to 12 on 5 times volume. Not On The Wires Bloomberg is reporting that SPYG Spyglass is in talks with AOL America Online to develop/create technology that would allow the the online giant to expand into internet TV and handheld computers. AOL recently bought the internet TV company NetChannel. SPYG closed 10 7/8 Bloomberg Tech page bloomberg.com None of the major wires nor CNBC, NBR know this yet.

To: paul goldstein who wrote (214)	5/9/1998 8:14:00 AM
From: lloyd bashaw	Read Replies (1) \| Respond to of 219

As a bonus it appears that Reuters called SPYG late in the day about the activity. CEO of SPYG issued to Reuters the material for this following release. Spyglass sees profitable fiscal 1999 Reuters Story - May 08, 1998 15:42 %BUS %ENT %US %RESF SPYG V%REUTER P%RTR -------------------------------------------------------------------------------- CHICAGO, May 8 (Reuters) - Spylass Inc. expects to return to profitability in its fiscal 1999 after switching the company's focus to the Internet device market, Spyglass chief executive Doug Colbeth said on Friday. "We feel good enough about our business that we believe we can be profitable in fiscal 1999," Colbeth said in a telephone interview. According to First Call, analysts' consensus estimate for fiscal 1999 is a profit of $0.08 a share, and for fiscal 1998 a loss of $0.62 a share, versus a loss of $0.77 in fiscal 1997. For the current fiscal third quarter ending June, analysts on average expect a loss of $0.11 a share versus a loss of $0.45. Colbeth declined to comment on specific quarters. In late 1996, Spyglass said it would create software to make everyday devices such as cellular phones and televisions work with the Web. The company's work previously focused on Internet browser technology for personal computers. Shares of Spyglass were up 1-1/4 at 12-1/8.