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Technology Stocks : CNET: The Computer Network (NASDAQ:CNET) -- Ignore unavailable to you. Want to Upgrade?


To: Scott Stents who wrote (259)7/21/1998 9:03:00 AM
From: Kip518  Read Replies (1) | Respond to of 1133
 
<NBC wont increase its ownership until profitability occurs, cause then it would be financially/ accounted for as "subsidiary" status (>60%), rather than "affiliate" status (<50% ownership),,,,

Scott, help me out here. I'm a little late to this party so I don't quite understand what is going on, but my understanding was that NBC bought a percentage of SNAP, CNWK's browser, and is looking to increase it's ownership to 60%. In this regard, what is the difference between owning part of SNAP vs. owning part of CNWK? Is the discussion about NBC owning 60% of CNWK?

Thanks, Kip