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To: Olu Emuleomo who wrote (5326)	6/10/1998 9:27:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Rebound in Internet stocks pushes Nasdaq higher Reuters Story - June 09, 1998 16:58 %ELC %US %BUS %ENT %STX %DPR %.O CNWK GE YHOO AMZN SEEK LCOS AOL CPQ INTC ASND V%REUTER P%RTR NEW YORK, June 9 (Reuters) - Nasdaq stocks pulled higher Tuesday as deals by America Online and CNET Inc fired up a cyberspace recovery that sent Internet stocks soaring. "There was a good bounce in most of the tech stocks. The Internet stocks were up, but so were the Intels and the Microsofts of the world," one trader said. The Nasdaq composite closed up unofficially 12.99, or 0.73 percent, at 1,800.76. Decliners led advancers 2,294 to 2,073. CNET Inc rose 12-1/8, or nearly 37 percent, to 45-1/8 after NBC agreed to buy a stake in it and its Snap! Internet service. Other Internet stocks also surged. Yahoo! Inc. barreled ahead 8-1/2 points to 117-7/8, Amazom.com gained 5 to 51-1/4, Infoseek Corp jumped 4 to 27-1/4, and Lycos rose 3-5/16 to 53-9/16. AOL , which entered a deal with Compaq Computer Corp to be featured on a range of personal computers, gained 3-12/16 to 88-9/16. Bellweather Intel rose 14/16 to 70-3/16, and Ascend Communications advanced 2 to 49 in active trading.