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Technology Stocks : ZD Inc., Ziff-Davis (ZD) -- Ignore unavailable to you. Want to Upgrade?

To: fiberman who wrote (423)	2/17/1999 9:49:00 AM
From: Harry Ehrlich	Read Replies (2) \| Respond to of 855

Mar 17 is a tentative date; it's still an unknown. Most important is that the Internet sector holds up. If the Internet stocks should suffer a nasty drop, the IPO would be postponed due to poor market conditions. Harry

To: fiberman who wrote (423)	2/18/1999 2:11:00 PM
From: Maverick	Respond to of 855

Wall Street Journal reported that America Online (AOL 153 -6 1/2) and eBay (EBAY 233 +1 7/8) are in talks about forming closer business relationship including AOL possibly acquiring a minority stake in EBAY. By Briefing.com

To: fiberman who wrote (423)	2/19/1999 2:15:00 PM
From: Maverick	Respond to of 855

Ziff-Davis Paid $81.4M In Feb 4 Acquisition Of ZDTV (ZD) (NewsTraders.com)-- Ziff-Davis Inc. (ZD), which sold a one-third stake in ZDTV to Paul Allen's Vulcan Ventures for $54 million on Feb. 5, revealed today in a regulatory filing that it completed its expected purchase of ZDTV from an affiliate of Softbank Corp. one day earlier for $81.4 million. Ziff-Davis, which announced on Nov. 17, 1998, that it planned to exercise its option to purchase ZDTV from MAC Holdings (America) Inc., hadn't previously revealed the specifics of the purchase, but had stated in its most recent quarterly filing that it expected the cost to be between $85 million and $95 million. Vulcan Ventures' intention to make a strategic investment in ZDTV, a 24-hour cable television channel focused on the Internet and related technologies, was also announced on Nov. 17. Of the $81.4 million price tag, Ziff-Davis paid $32.8 million in cash, with the remainder funded through the application of $48.6 million in advances owed to Ziff-Davis by MAC through Dec. 31, 1998. The cash portion of the purchase price was funded by an advance from ZDTV to Ziff-Davis of the funds invested in ZDTV by Vulcan Ventures. In addition, Ziff-Davis agreed to be responsible for the funding of ZDTV during the period in 1999 prior to the purchase. Ziff-Davis gave notice to MAC on Jan. 15 that it would exercise its option to buy ZDTV, according to today's Form 8-K filing. In connection with the acquisition, Ziff-Davis assumed MAC's obligations under an option granted to Hughes Electronics' (GMH) DirectTV subsidiary to purchase 5% of ZDTV for $15 million, subject to adjustment.

To: fiberman who wrote (423)	2/22/1999 8:04:00 PM
From: Maverick	Read Replies (1) \| Respond to of 855

Buy recommendation issued by CIBC Oppenheimer & Co analyst, Henry Blodget, on Friday, coupled with E*TRADE Group (EGRP +21%)/Goldman Sachs alliance speculation, drawing investors back into the Internet group. Traders have loitered on the sidelines awaiting the next theme-based move in the group. The spark was provided today by a Wall Street Journal report that Goldman Sachs is considering a joint venture or outright purchase in the online brokerage space. Presence of a theme evidenced by strong action in secondary online trading plays: Ameritrade (AMTD +21%), JB Oxford Holdings (JBOH +30%), Siebert Financial (SIEB +28%), National Discount Brokers (NDB +17%). Favorable price action in last hour of trading over past two sessions should boost near-term confidence in the group. If strength in primary Internet stocks holds, investors should begin searching for the secondary plays that are likely to be lifted by the trickle-down benefits of a trend reversal. From Briefing.com