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

To: Moneysmith who wrote (242)	7/14/1998 5:41:00 PM
From: TokyoMex	Read Replies (1) \| Respond to of 3015

July 14/1998 17:10 EST Source Media Rises 51% on Acquisition Speculation Dallas, July 14 (Bloomberg) -- Source Media Inc. rose 51 percent on speculation that the provider of interactive technology and programming will be acquired by America Online Inc. or Microsoft Corp. The shares rose 10 7/8 to 32 1/4 in trading of 7.38 million, more than 15 times the three-month daily average. Source Media climbed last week on speculation that Yahoo! Inc., the No. 1 Internet directory, was interested in buying it to get its patents on delivering interactive content. Today, shares got a lift from speculation that No. 1 online service AOL and top personal-computer software maker Microsoft both were trying to top Yahoo!'s purchase offer with bids in the mid-$40-a- share range, analysts said. There were rumors about Yahoo! last week. Today it's up on speculation that AOL or Microsoft may top a Yahoo! bid,'' said Theodore Henderson, an analyst at Janco Partners Inc., who rates the stock ''long-term accumulate.'' Yahoo! last week declined to comment on the speculation on a conference call with analysts, Henderson said. America Online also declined to comment, while Microsoft wasn't immediately available to comment. Dallas-based Source Media sells subscriptions to an ''interactive channel'' that connects homes to the Internet over televisions using cable and telephone lines. The channel provides subscribers with news, weather, electronic mail and online shopping. They have a patent portfolio that lets them deliver content on set-top boxes,'' said PaineWebber analyst James Preissler, who rates America Online ''buy.'' Source Media also has patents related to so-called frame- grabbing technology that lets companies build interactive software applications for television sets, analysts said. Companies interested in interactive television or full-motion video, including Yahoo!, Microsoft and AOL, may be forced to examine Source Media's patents to ensure they aren't violating them, analysts said, and it may be easier for such companies to buy Source Media outright than to work around using the company's patents. 17:10:35 07/14/1998 Any redistribution of Bloomberg content, including by framing or similiar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1998 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.