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Technology Stocks : Data Broadcasting Corp. (DBCC) -- Ignore unavailable to you. Want to Upgrade?


To: Sharon L. who wrote (2519)1/10/1999 3:29:00 PM
From: Smiley  Respond to of 5102
 
More news Sunday afternoon from Reuters on DBCC:

NEW YORK (Reuters) - Against the backdrop of a frenzy for Internet stocks, the 1999 initial public offering market is expected to get off to a sizzling start this week with online business news provider Marketwatch.com Inc.

Marketwatch.com, scheduled to go public late this week, was formed as a joint venture between CBS Corp. (NYSE:CBS - news) and Data Broadcasting Corp. (Nasdaq:DBCC - news), whose stock has nearly doubled amid the buzz of the IPO.

The company is offering 2.75 million shares through lead underwriter BT Alex Brown at an expected price range of $10 to $12 a share.

Analysts said the CBS and Data Broadcasting backing is part of the reason the IPO is expected to be so successful. CBS will provide $30 million in advertising on CBS network and channels.