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

To: Derrick Sweet who wrote (351)	7/16/1998 10:35:00 PM
From: techguy	Respond to of 3015

Derrick, refer to a published report that names sources and doesn't cover it's butt by referring to a rumor.

To: Derrick Sweet who wrote (351)	7/17/1998 12:36:00 AM
From: Street Walker	Respond to of 3015

Credibility of DOW JONES The whole buyout rumor comes down to the credibility of Dow Jones and the "market sources" they believed in before going to print. Time will tell whether or not Dow Jones does good reporting. They've been pretty respectable in the past - anyone disagree? Long on SRCM, "street walker"

To: Derrick Sweet who wrote (351)	7/17/1998 12:50:00 AM
From: Secret_Agent_Man	Respond to of 3015

Old Report Borrowed from Yahoo thread>>by DutchZen Looks like similar rumors with similar sources and similar buyers were floating a month ago. On the chart, doesn't seem that the stock got as much of a runup then. Also, if this many rumors of the same nature are surfacing in a 30-45 day timeframe, looks like it might be real. With the June rumors, it was just too early in the process. Anyway, we'll see soon. =Source Media Up 3%, Volume Heavy, On Takeover Rumor Dow Jones News Service via Dow Jones By Sean Davis NEW YORK (Dow Jones)--Source Media Inc. (SRCM) rose 3% on heavy volume Friday amid speculation the software maker is about to sign key licensing agreements or get an unsolicited takeover bid. Source Media Chairman and Chief Executive Timothy Peters wouldn't comment on the rumors, but he did confirm the company has been in talks with a number of cable system operators and Internet companies about licensing software that permits the delivery of content over a cable system to a single television. Peters also said the company hired the investment banking firm Lazard Freres & Co. two months ago to help it "look at strategic partners." Michael Rapp, senior managing director of the private client group at Oscar Gruss & Son, discounted rumors in the market and on the Web that another company, possibly Internet giant Yahoo! Inc. (YHOO), was about to buy part or all of Source Media. A Yahoo! spokeswoman declined to comment on the rumor, citing company policy. Rapp, who said he has a medium to long-term position in Source Media, also gave little credence to a rumor that an unsolicited takeover bid could come early next week. He pointed to Source Media's adoption of a poison-pill shareholder rights plan in April. The buzz surrounding Source Media comes from a software technology it developed for delivering all kinds of content, including video and the underlying language for the World Wide Web, HTML, to a specific address on a cable television system. The company and analysts believe the software could be the breakthrough technology that enables content providers, including cable and Internet companies, to deliver video on demand, electronic commerce and high-speed Internet access. Source Media's stock recently traded at 16 1/8, up 7/16, or 2.8% on Nasdaq volume of 606,800, almost double average volume of 311,900. Thursday, the stock rose 8.2% on below-average volume. (MORE) DOW JONES NEWS 06-05-98 r1