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To: Bill Harmond who wrote (48243)	3/31/1999 10:36:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

William, here's another one I can't get. I'm done with DLJ. They're another slut.:-) >> New York, March 31 (Bloomberg) -- Ziff-Davis Inc.'s ZDNet unit, whose web sites on computers and technology are among the most visited on the Internet, will likely rise when it begins trading later today. Initial public offerings by online businesses such as ZDNet that are well-known or receive many visitors are attracting strong demand. Priceline.com Inc., operator of an Internet site where consumers bid for airline tickets and hotel rooms, rose more than four-fold yesterday, its first day of trading. IVillage Inc., an online women's network, more than tripled in its first day of trading two weeks ago. ZDNet is ''well managed'' and among web sites it ''has the highest revenue per page view,'' said Storm Boswick, a managing director at J&W Seligman & Co., which owns Ziff-Davis stock. New York-based ZDNet, which provides technology news and product reviews over the Internet, raised $190 million before expenses yesterday in an initial sale of ''tracking'' shares. The unit of computer magazine publisher Ziff-Davis, sold 10 million shares, a 14 percent stake, at $19 each to give it a market value of $1.36 billion. Investor demand was strong enough that Goldman, Sachs & Co. and Donaldson, Lufkin & Jenrette Securities Corp., which handled the sale, previously increased the price from a range of $11 to $13. ZDNet runs a network of more than 60 interconnected Web sites offering news stories, product listings, product reviews, and programs which may be downloaded. In December, ZDNet.com ranked first among all Web sites in the news, information and entertainment category, generating more than 202 million ''page views,'' according to the company's filing with the U.S. Securities and Exchange Commission. Ziff-Davis shares have more than doubled since ZDNet filed for an initial sale in late December. Yesterday, they jumped 5 5/16, to 29, but were down 2 in early trading today. The surge marks a distinct turnaround for Ziff-Davis, which public in late April at $15.50 a share, and then reached a low of 3 7/8 on October 14. Tracking shares are intended to reflect, or track, the performance of a particular business. Holders of ZDNet shares are also shareholders of Ziff-Davis. ZDNet will trade under the symbol ''ZDZ'' on the New York Stock Exchange. Hambrecht & Quist LLC assisted in the sale. 10:11:33 03/31/1999