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Technology Stocks : CNET: The Computer Network (NASDAQ:CNET) -- Ignore unavailable to you. Want to Upgrade?

To: Randy Ellingson who wrote (502)	3/6/1999 5:48:00 PM
From: John Boluyt	Read Replies (2) \| Respond to of 1133

CNET jumps on talk of acquisitions By Tom Bemis, CBS MarketWatch Last Update: 4:21 PM ET Mar 6, 1999 NewsWatch SAN FRANCISCO (CBS.MW) -- Shares of CNET jumped Friday on expectations the Internet information company will use $150 million it recently raised in a debt offering to make acquisitions, Bloomberg reported. Shares gained 28 1/4 to 168 on volume of 6.2 million shares, sharply higher than the stock's three-month daily average volume. CNET, which runs web sites and television programs about technology, issued $150 million in convertible subordinated notes recently. It has been meeting with investors to discuss the growth of its business. Analyst Daniel King of LaSalle Street Securities told Bloomberg "I don't think it's a secret that they could use that money for additional acquisition activities." King rates the stock a "buy." (Bloomberg) cbs.marketwatch.com ************************************************************* Seems like the price rise had more to do with the upcoming split. Media seems to always come up with some other justification...