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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: ayahuasca who wrote (27976)	3/17/1999 10:20:00 AM
From: Susan G	Read Replies (1) \| Respond to of 120523

From Steve Harmon's newletter today- Go2Net Goes to Town Sometimes a company name can be prescient as in the case of Go2Net, which Paul Allen invested in this week and did just that. The inspired move sent Go2Net (NASDAQ:GNET) shares going ballistic, up 48% the past week and 612% year to date. Allen agreed to invest $750 million in Go2Net for a 54% stake. Allen's Vulcan Venture unit invested $300 million in convertible preferred and the venture firm will also make a tender offer for 5 million shares of GNET at $90. Just when you thought the top 10 Web sits in the world dominated the deal action this agreement vaults Go2net into the same cash league as Yahoo, with a great partner in Allen, who owns cable, motion picture and Internet interests. As one of my ones to watch in 1999 it has been an exciting move so far. The second-biggest shaker since March 9 was Verio (NASDAQ:VRIO) which cut a deal with orb and on-ramp leader AOL. Verio will pay AOL more than $40 million to become AOL's hosting service. Revenue splits make the deal make sense for Verio, up 33% on the sanctioning by the online leader. (c) 1999 internet.com