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Technology Stocks : Visual Data (VDAT) -- Ignore unavailable to you. Want to Upgrade?

To: BANCHEE who wrote (207)	4/13/1999 3:05:00 PM
From: Volsi Mimir	Respond to of 405

cbs.marketwatch.com POMPANO BEACH, Fla. (CBS.MW) -- Visual Data Corp. stock shot up as much as 14 percent Tuesday after the creator of original video content for the Internet said it's converting its content libraries to Microsoft Corp.'s new high-bandwidth format. Visual Data (VDAT: news, msgs) said Microsoft's (MSFT: news, msgs) NetShow technology, whose use is increasingly becoming standard for multimedia content on the Web, will be incorporated into all of Visual Data's broadband content sites including its online broadcast network, www.videoviewer.com. "The fact that NetShow is available as a plug-in with Windows 98 will make Visual Data's video libraries immediately accessible for millions of Web users," said Visual Data's chief executive Randy Selman in a statement. Visual Data's stock began the year hovering around $7 and has steadily crept up into the $30 range over the last several months, representing a 340 percent drive. Shares rose 3 1/4 to 34 3/4 in recent trading. "The rise of Yahoo and CNET has cemented people's vision that content is back," Visual Data's spokesman Brian Posnanski of Middleberg & Associates told CBS MarketWatch. Posnanski said Visual Data is planning to release many new video developments, most focused on health, travel and business information content. By Lisa J Ulmer, CBS MarketWatch Last Update: 1:03 PM ET Apr 13, 1999 NewsWatch Movers & Shakers