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Technology Stocks : RealNetworks (NASDAQ:RNWK) -- Ignore unavailable to you. Want to Upgrade?

To: jhg_in_kc who wrote (2606)	4/13/1999 7:34:00 PM
From: stock_bull69	Read Replies (2) \| Respond to of 5843

Found this on Internet Daily: RealNetworks (RNWK) signed an agreement to acquire privately-held Xing Technology Corp. Xing is a developer and provider of MP3 software, and developed streaming media technology competitive with RealNetworks in the mid 90s. But it's Xing's MP3 work which attracted Real's interest. "With the acquisition of Xing, RealNetworks can now better serve the huge market of new artists choosing to use MP3 to legally distribute their work," said Rob Glaser, RealNetworks' chief executive officer. RealNetworks will acquire Xing in exchange for common stock in RealNetworks with a maximum value of $75 million. Steve