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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?

To: zax who wrote (6780)	2/10/1999 3:29:00 PM
From: Albert Martin	Read Replies (3) \| Respond to of 8307

READ BLOOMBERG PR BELOW: MSFT CFO list EGGS as possible takeover candidate!!! Microsoft's Maffei Calls Internet-Stock Drop a 'Plus' New York, Feb. 10 (Bloomberg) -- Microsoft Corp. Chief Financial Officer Gregory B. Maffei said declining Internet shares are a boon to the No. 1 software maker as it mulls acquisitions and partnerships with Web-related companies. Microsoft officials yesterday said the Redmond, Washington- based company is interested in buying providers of technology or content not already available on its MSN network of World Wide Web sites. Microsoft is seeking to improve its Web network with new content as it chases No. 1 online service America Online Inc. and Yahoo! Inc., the biggest Internet directory. Internet company shares recently have fallen from 52-week highs, a drop fueled yesterday by the lower-than-expected amount that USA Networks Inc. said it will pay for No. 3 search directory Lycos Inc. ''The Lycos deal suggests that maybe some of the air will come out of these valuations,'' Maffei said, speaking at a Goldman Sachs technology conference in New York. ''It's a real plus for us, because it means our ability to do deals is enhanced.'' Microsoft probably will expand MSN though ''a wide range of partnerships,'' rather than outright acquisitions, Maffei said On Monday, MSN announced a partnership with Women.com Networks, itself a joint venture between closely held Women.com Networks and Hearst Corp., to create a new Web site for women. Takeover targets could include No. 2 U.S. bookseller Borders Group Inc. and Egghead.com, an online retailer of computers and software, analysts have said. Egghead's shares, which fell 3/16 to 16 7/8 in midafternoon trading, have dropped 47 percent from their Nov. 27 close. Borders, which sells through superstores and mall stores, has fallen 48 percent since Nov. 6. It dropped 1/8 to 14 15/16 today. Lycos has fallen as much as 39 percent since yesterday's buyout announcement on concern that the complicated transaction doesn't reflect its $6.4 billion market value prior to the agreement's disclosure. Yahoo rose 3 3/4 to 144 1/2, though it's down 35 percent from a 52-week high of 222 1/2 on Jan. 11. In other remarks at the conference, Maffei said a third of U.S. Web users have set up a ''Hotmail'' e-mail account offered by Microsoft, and new users are signing on at rate of 125,000 a day. He also said a tenth of all Canadians are registered with Hotmail. Microsoft shares rose 2 to 162 1/16 on trading of 12.3 million, making it the sixth most active U.S. stock. 14:15:26 02/10/1999 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1999 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.