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Non-Tech
GNET invests in NDB. A good fit?

An SI Board Since February 2000

Posts	SubjectMarks	Bans	Symbol
151	2	0	NDB

Emcee: Sarkie	Type: Unmoderated

Introduction Market Data Compact

FOCUS-National Discount sets deal with Go2Net, Allen
(recasts, adds analyst's, CEO's comments, details throughout)
By Jack Reerink

NEW YORK, Feb 7 (Reuters) - National Discount Brokers Group Inc. (NYSE: NDB) said on Monday it would become the exclusive brokerage service on Go2Net Inc. (NASDAQ: GNET), and said the Web site's network and its major stakeholder, Microsoft co-founder Paul Allen, would buy up to $30 million of the brokerage's stock.

National Discount, which is based in Jersey City, N.J., signed a three-year deal to have its NDB.com online brokerage subsidiary provide services to Go2Net's Web properties, which include the popular investing site Silicon Investor. NDB.com, which currently has 200,000 accounts, will pay Go2Net $7.5 million a year, subject to certain performance guarantees, for the exclusive rights.

As part of the deal, Go2Net and Allen's investment firm, Vulcan Ventures Inc., agreed to buy up to 1 million National Discount shares. Go2Net and Vulcan, which owns about one-third of Go2Net, will buy 500,000 shares at $27 apiece and receive warrants to buy an additional 500,000 shares at $33 apiece.

Go2Net's chief executive, Russell Horowitz, will join Nation Discount's board of directors.

"Today marks a historic agreement for National Discount Brokers," Chairman Dennis Marino said in a statement. "It provides us with access to the robust Go2Net Network, and in particular, the sophisticated membership base of Silicon Investor."

National Discount's stock price gained 2-1/4 to 26-1/16 in early afternoon trading on the New York Stock Exchange. Go2Net's stock price gained 9/16 to 83-1/2 on the Nasdaq.

"It's a great deal for National Discount," said analyst Jim Marks of investment bank Credit Suisse First Boston. "Getting Paul Allen and Vulcan to put their name behind this is a big validation of their place in the market."

Hooking up with Silicon Investor, which has 250,000 active members, should be a boon for National Discount, Marks said. NDB.com and Silicon Investor will integrate their sites in the coming months.

"It gives them the best online investment discussion availability of any broker," Marks said.

National Discount is likely to get at least 75,000 new accounts through the deal's three-year term, Marks estimated.

siliconinvestor.com

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
151	Looks like I'll sell calls here because it's turning into a hold instead	Yogizuna	-	10/4/2000
150	NDB to a new buy signal in my work over the weekend, so the stock will probably	Yogizuna	-	10/2/2000
149	Unbelievable. Oh well, at least he declined the extra 2.4 mill! (what a humble g	Yogizuna	-	8/25/2000
148	I don't follow NDB stock at all. This WSJ article indicates that the share p	EL KABONG!!!	-	8/24/2000
147	Hmmmmm.....Interesting article in the WSJ. interactive.wsj.com Excerpt: How di	Sarkie	-	8/24/2000
146	NDB is now being held back by down-sloping trend-line resistance, so the system	Yogizuna	-	8/21/2000
145	rym, I did not say NDB split. I said ATHM split, and National Discount Brokers d	Jim Lou	-	8/8/2000
144	NDB went to a new buy signal on my system over the weekend.	Yogizuna	-	8/7/2000
143	National Discount Brokers to add staff, up spending ============================	Sarkie	-	7/20/2000
142	Jim, what the hell are you talking about? NDB has not split and definately did	rym	-	7/18/2000
141	Will the earning report be announced on 20, July?	Kamen Rider	-	6/24/2000
140	Can't say I have ever experienced that Jim.....I don't use NDB as a bro	brk	-	6/19/2000
139	A question about NDB service: I bought 50 shares of NDB @52 on June 17, 1999.	Jim Lou	-	6/19/2000
138	Late day action on the buy side.....looks like we might break out of the flat l	brk	-	6/16/2000
137	Sarkie, tell me the date of earning report (end of May / 2000) of NDB, if you k	Kamen Rider	-	6/11/2000
136	National Discount Brokers and Pentagon Federal Financial Services Sign Letter O	Sarkie	-	5/25/2000
135	NATIONAL DISCOUNT BROKERS GROUP INC FILES FORM 8-K (NYSE:NDB) ================	Sarkie	-	5/23/2000
134	If they are buying for cash all those shares at 43 well then they can have mine	levy	-	5/18/2000
133	I think this is a key. <i>"NDB can now enhance its internet offerin	Sarkie	-	5/16/2000
132	Sarkie, How does NDB benefit with Neosphere? I think NDB has already enough hi	Kamen Rider	-	5/16/2000
131	National Discount Brokers First Client for HyperFeed's Neosphere E-Business	Sarkie	-	5/16/2000
130	National Discount Brokers to License Corillian's Voyager Platform =========	Sarkie	-	5/4/2000
129	NATIONAL DISCOUNT BROKERS GROUP INC FILES FORM 10-Q/A (NYSE:NDB ===============	Sarkie	-	5/1/2000
128	Thomas O'Donnell Joins National Discount Brokers/ndb.com as Managing Direct	Sarkie	-	5/1/2000
127	Boy I sure hope so.....it just felt right ya know. ")	brk	-	4/29/2000

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