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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: Blitz who wrote (235)	7/14/1998 4:56:00 PM
From: tonto	Respond to of 3015

Dow Jones News Service via Dow Jones NEW YORK (Dow Jones)--Shares of Source Media Inc. (SRCM) were up 50% on rumors of a bidding war for the company and unconfirmed market talk that America Online Inc. (AOL) or Microsoft Corp. (MSFT) have emerged as the top bidders, traders said. One market source said he heard that Yahoo! Inc. (YHOO) and Excite Inc. (XCIT) had been outbid in their own plays for Source Media, which develops software that allows people to surf the World Wide Web on a television set without a cable modem. All five companies declined comment and the rumors - which have been circulating for weeks - couldn't be confirmed. Source Media also declined to comment, despite a Nasdaq request for a public statement in light of the unusual trading activity. Source Media's shares, which closed at 21 3/8 Monday and were up early Tuesday on the rumors, began to shoot as word of the speculation spread and were then halted for 2 1/2 hours. Since they resumed trading at 3:15 EST, the shares have climbed as high as 39, a 52-week high. The stock was recently up 11 1/4, or 52.6%, at 32 5/8 on Nasdaq volume of 6,734,700 compared with an average daily volume of 470,200. (END) DOW JONES NEWS 07-14-98 04:00 PM - - 04 00 PM EDT 07-14-98 :TICKER: AOL MSFT SRCM XCIT YHOO :SUBJECT: BCST COSE SOFT CA TX VA WA STK ENTE Copyright (c) 1998 Dow Jones and Company, Inc. Received by NewsEDGE/LAN: 7/14/98 3:01 PM

To: Blitz who wrote (235)	7/14/1998 5:01:00 PM
From: Moneysmith	Read Replies (1) \| Respond to of 3015

Blitz read this: According to Southeast Research Partners analyst Anthony Stoss, Source Media develops software that allows people to surf the Web on a television set without a cable modem. Stoss explained that the technology does not require any installation at the user end since the software can be sent directly over the cable lines into a digital cable box. The analyst estimates that Source Media's 12 U.S. patents, IF ENFORCEABLE, are worth "well in excess of $1 billion" to the company. He believes Internet service providers that offer Web access over cable lines - like At Home Corp. (ATHM) and Time Warner Inc.'s (TWX) Roadrunner - would have to license Source Media'a technology to provide Internet access on television sets. Those patents are not in the bank yet.