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

To: Chuck T who wrote (4743)	3/28/1999 6:01:00 PM
From: esecurities(tm)	Read Replies (2) \| Respond to of 5102

INTERNET (esecurities.W) March 28, 1999 -- Financially Troubled DBCC rival, PQT, Hits 52-week High. "...PC Quote (PQT) <http://quote.yahoo.com/q?s=PQT&d=1ym> and CNNfn, a unit of Time Warner-owned CNN, are in discussions about a possible online joint venture, according to a report by TheStreet.com. Representatives of both CNNfn and PC Quote refused to comment. On Friday, PC Quote shares surged 1 5/16, or 15 percent, to close at 10, while Time Warner shares (TWX) traded down 7/16 to 68 13/16. See story..." source: © 03/28/1999 CBS.MW cbs.marketwatch.com "...Speculation about a joint Internet venture between CNNfn and PC Quote appears to have been behind PC Quote's surging share price and trading volumes in recent days. The financial-news site TheStreet.com reported Thursday that Time Warner (TWX) unit CNNfn and Chicago-based PC Quote (PQT) were discussing a venture under which CNNfn would feature stock quotes and other market data from PC Quote. TheStreet cited "people familiar with the discussions." Representatives of both PC Quote and CNNfn refused to comment on any pending pact. Shares of PC Quote jumped 15 percent Friday to close the week at 10. The stock opened the week at 7 but hovered at a mere $2 a share as recently as January. Some 3.1 million shares changed hands Friday, and about 2.3 million shares were traded Thursday. The stock's three-month average daily volume was 850,000 shares. PC Quote, which competes with MarketWatch.com, the publisher of this Web site, began offering real-time data on the Web in 1996. Before that, it mainly transmitted financial data to investment professionals through dedicated connections. Hoover's Online describes the company as "financially troubled" and reports that it has been "reviewing" a number of financing alternatives, including a merger, joint venture or spinoff. For the three months ended Dec. 31, the company lost approximately $1.3 million on revenue of slightly less than $6.1 million. Through PICO Holdings (PICO), directors Ronald Langley and John Hart own a 39 percent interest in the company. CNNfn's Web site currently carries stock quotes from Standard & Poor's, a unit of McGraw Hill (MHP), and also includes a link to the Quicken site, operated by Intuit (INTU)..." © 03/28/1999 CBS.MW cbs.marketwatch.com