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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV -- Ignore unavailable to you. Want to Upgrade?

To: VIXandMore who wrote (1473)	4/7/1999 10:12:00 PM
From: anthony karpati	Read Replies (1) \| Respond to of 13157

ACTV Shares Rise 33% on Optimism About Ties With Liberty Media Bloomberg News home.snap.com Apr 7 1999 5:42PM ET ACTV Shares Rise 33% on Optimism About Ties With Liberty Media New York, April 7 (Bloomberg) -- Shares of ACTV Inc., an interactive television and Internet services company, surged 33 percent to a record on optimism that it will benefit from Liberty Media Group's growing interest in Internet technology. The shares rose 4 5/16 to 17 7/16 in trading of 7.26 million shares, almost 26 times the three-month daily average. The stock has skyrocketed 68 percent since Thursday. ACTV now provides interactive cable-TV technology to Liberty Media, the cable-programming company run by John Malone, which yesterday said it will invest in the Internet through its majority-owned TCI Music Inc. ACTV also supplies TCI Music with technology that synchronizes Internet data with TV programming, said Anthony Stoss, a Southeast Research Partners analyst. ''People are anticipating Liberty will expand their relationship with ACTV to include the Internet,'' said Stoss, who has a ''buy'' rating on ACTV. Liberty, a unit of AT&T Corp., already owns 10 percent of New York-based ACTV, Stoss said. AT&T's tracking shares of Liberty rose 3 1/4 to 62 1/4.