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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 (1641)	7/10/1998 11:02:00 PM
From: Paul K	Read Replies (1) \| Respond to of 2843

Bloomberg has more confirmative wording about the MSFT investment: (and notice they call WAVO an 'Internet company') ----------------------- "WavePhore Stock Rises on Prospect of Enlarged Microsoft Stake" Bloomberg News July 10, 1998, 12:04 p.m. PT WavePhore Stock Rises on Prospect of Enlarged Microsoft Stake Phoenix, July 10 (Bloomberg) -- WavePhore Inc. shares rose was much as 30 percent after the Internet company said it was comfortable with a report that Microsoft Corp. is likely to increase its 3.5 percent stake in the Internet data broadcaster. Shares of the Phoenix-based company rose 2 9/16 to 13 1/2 in midafternoon trading of 4 million, more than six times its three- month daily average. Earlier they touched 14 3/16. Analyst Joel Krasner of First Albany Corp. was quoted in Business Week as saying Microsoft probably will increase its stake because Chairman Bill Gates likes to have a larger say in the investments his company makes. WavePhore makes a technology allowing wireless transmission of Internet-based data. ''We feel comfortable with what he's saying,'' said Glenn Williamson, WavePhore's chief operating officer. ''We think he's going in the right direction.'' Microsoft declined to comment on the report in Business Week's ''Inside Wall Street'' column. On March 6 WavePhore's stock jumped 25 percent on the disclosure that Microsoft bought 2.9 percent of the company in November. Microsoft has declined to confirm or deny the disclosure from Technimetrics Inc., which tracks institutional holders. --Laura Raun in Seattle (206) 224-3173 through the Princeton