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Technology Stocks : DRIV (DIGITAL RIVER). Get in on internet IPO. -- Ignore unavailable to you. Want to Upgrade?


To: Don P. who wrote (707)1/11/1999 3:41:00 PM
From: Mr. Miller  Read Replies (1) | Respond to of 3198
 
I am wondering how the market will treat BYND after that news. Perhaps it went up today thinking that the 2:21 p.m. news may have been something related to AMZN. It wasn't. Let us see how it fairs now. Otherwise, I see no reason for the stock's move today. I also do not see how the market can value BYND more than DRIV at this time. Oh well. We are better and time will show our dominance over BYND.

Consolidation today.

Miller



To: Don P. who wrote (707)1/11/1999 9:14:00 PM
From: Mr. Miller  Read Replies (1) | Respond to of 3198
 
Did anyone else notice that Compaq bought out one of Digital River's retailers today? IBUY's website is here. Notice the DRIV banner: digitalriver.com

So, can we say that we have added our biggest retailer yet? Compaq.

Yahoo! News Technology Headlines

Monday January 11 12:04 PM ET

Compaq Agrees To Buy Shopping.Com For
$220 Million


HOUSTON (Reuters) - Compaq Computer Corp. (NYSE:CPQ - news)
Monday said it agreed to buy online retailer Shopping.com in a cash deal,
valued at about $220 million, that will propel the world's second largest
computer maker further into the consumer Internet and electronic commerce
markets.

Compaq officials said Shopping.com (OTC BB:IBUY - news), which features more than two
million brand name products and services from 1,000 merchandizing partners in 63 retail
categories, would be tightly integrated with Compaq's Alta Vista Internet media site.

Compaq said it planned to begin a tender offer Monday to acquire all of the outstanding shares of
Shopping.com for $19 per share in cash, or $220 million in total, a premium of nearly $6 to
Shopping.com's closing price Friday.

Rod Schrock, senior vice president and consumer products general manager, said in a phone
interview that Compaq planned to link visitors to its busy AltaVista Internet search site and buyers
of its easy Internet access PCs directly to the Shopping.com site, multiplying the site's potential
customers.

The board and management of Shopping.com have unanimously approved the acquisition and will
recommend shareholder acceptance. Shareholders owning 27 percent of Shopping.com stock
have agreed to back the Compaq offer. Compaq said the deal is contingent upon it receiving 90
percent of Shopping.com outstanding shares, and customary regulatory approvals.

In the wake of the deal, shares of Newport Beach, Calif.-based Shopping.com, rose to $18.31 at
mid-morning Monday, up $5.125 from the opening in moderate trading on the over-the-counter
bulletin board. Compaq stock added $1.125 to $46.50 in New York Stock Exchange trading,
where it was the third most active issue.