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


To: SHGLaw who wrote (3170)1/13/1999 10:13:00 AM
From: Kip518  Read Replies (1) | Respond to of 5102
 
Marketwatch.com raises IPO price range to $14-$16

NEW YORK, Jan 13 (Reuters) - Amid the frenzy for Internet stocks, financial news Web site Marketwatch.com Inc. has raised the price range of its initial public stock offering to $14-$16 from the original $10-$12, lead underwriter BT Alex. Brown said Wednesday.

Marketwatch.com, a joint venture between CBS Corp. and Data Broadcasting Corp. , plans to offer 2.75 million shares on Jan. 14 for trading on Jan. 15.

CBS will provide $30 million in advertising on the CBS television network to promote Marketwatch.com.

In an attempt to enable airport travelers to better access business news, Marketwatch.com announced an advertisement and content partnership with privately-held Internet access provider get2net on Monday.

Get2net's NetStations will feature advertising directing travelers to access financial news from the Marketwatch.com Web site.

CBS shares closed at 35-7/8 Tuesday. Data Broadcasting shares closed at 35-1/8. ((--Nadja Rogoszynski, Wall Street Desk (212) 859 1730))



To: SHGLaw who wrote (3170)1/13/1999 10:19:00 AM
From: moby_dick  Respond to of 5102
 
For once I got lucky - just got confirmation I covered my short at $27 9/16 on the open- $11 5/8 gain! Will short again at $35 and ride it down again!



To: SHGLaw who wrote (3170)1/13/1999 10:21:00 AM
From: Jay Durell  Read Replies (2) | Respond to of 5102
 
Analyst on CNBC stated today that he expects marketwatch.com IPO price to soar more than two or three times UBID's first day of trading if no high tech earnings disappointments or warnings arise until thursday (when marketwatch.com goes public). In addition he stated that Brazil's problems won't affect internet stocks as much as other areas of the stock market. The Nasdaq is staging small recovery it's now down 61 points.