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June 5, 2000 6:56am
STOCKS TO WATCH: CDNow,
Intraware and Lycos
By Larry Barrett ZDII
Expect the following technology stocks to be among
Monday`s most actively traded issues: CDNow,
Intraware and Lycos.
CDNow Inc. (Nasdaq: CDNW)
CDNow investors found a glimmer of hope Friday after
the online music retailer`s shares shot up 111 percent
after telling Wall Street it will announce a deal with a
merger partner or investor later this month.
The stock closed up 2 9/16 to 4 7/8.
CEO Jason Olim said it had "attracted a number of
interested investors."
The company has culled a short list of prospective
investors and merger partners from more than two
dozen companies that expressed interest in CDNow.
In March, CDNow announced it was actively seeking a
partner or investor and was slashing $12 million in
operating expenses to stay afloat.
In its latest quarter, CDNow posted a loss of $28.2
million, or 92 cents a share, on sales of $43.6 million,
slightly more than analysts` had expected.
The stock fell to a low of 2 last week after peaking at 23
1/4 in July.
Intraware Inc. (Nasdaq: ITRA)
Intraware should get a boost Monday when it
announces that Kana Communications, Net
Perceptions and RSW Software will all use for its online
information channel.
Intraware will then have reseller rights and its
customers will have access to an expanded realm of
offerings via its IT e-marketplace.
Its shares closed up 1 1/4, or 9 percent, to 15 1/8
Friday.
Lycos Inc. (Nasdaq: LCOS)
The Internet portal might see increased action Monday
after CEO Bob Davis said late Friday that it and Terra
Networks (Nasdaq: TRRA) will record higher sales than
Yahoo! Inc. (Nasdaq: YHOO) by sometime in late 2001
or early 2002.
Davis made the bold projection at the Silicon Alley
Reporter International Network 2000 conference in New
York.
He added that the combined companies, which merged
in an all-stock transaction valued at $12.5 billion, plan
to aggressively pursue acquisitions to fuel its growth.
Lycos shares finished up 6 15/16 to 71 3/16 Friday
while Yahoo! and Terra Networks closed up 14 7/16 and
5 5/8 a share, respectively.
STOCKS TO WATCH: CDNow,
Intraware and Lycos
By Larry Barrett ZDII
Expect the following technology stocks to be among
Monday`s most actively traded issues: CDNow,
Intraware and Lycos.
CDNow Inc. (Nasdaq: CDNW)
CDNow investors found a glimmer of hope Friday after
the online music retailer`s shares shot up 111 percent
after telling Wall Street it will announce a deal with a
merger partner or investor later this month.
The stock closed up 2 9/16 to 4 7/8.
CEO Jason Olim said it had "attracted a number of
interested investors."
The company has culled a short list of prospective
investors and merger partners from more than two
dozen companies that expressed interest in CDNow.
In March, CDNow announced it was actively seeking a
partner or investor and was slashing $12 million in
operating expenses to stay afloat.
In its latest quarter, CDNow posted a loss of $28.2
million, or 92 cents a share, on sales of $43.6 million,
slightly more than analysts` had expected.
The stock fell to a low of 2 last week after peaking at 23
1/4 in July.
Intraware Inc. (Nasdaq: ITRA)
Intraware should get a boost Monday when it
announces that Kana Communications, Net
Perceptions and RSW Software will all use for its online
information channel.
Intraware will then have reseller rights and its
customers will have access to an expanded realm of
offerings via its IT e-marketplace.
Its shares closed up 1 1/4, or 9 percent, to 15 1/8
Friday.
Lycos Inc. (Nasdaq: LCOS)
The Internet portal might see increased action Monday
after CEO Bob Davis said late Friday that it and Terra
Networks (Nasdaq: TRRA) will record higher sales than
Yahoo! Inc. (Nasdaq: YHOO) by sometime in late 2001
or early 2002.
Davis made the bold projection at the Silicon Alley
Reporter International Network 2000 conference in New
York.
He added that the combined companies, which merged
in an all-stock transaction valued at $12.5 billion, plan
to aggressively pursue acquisitions to fuel its growth.
Lycos shares finished up 6 15/16 to 71 3/16 Friday
while Yahoo! and Terra Networks closed up 14 7/16 and
5 5/8 a share, respectively.
ob mann das auch irgendwo in deutsch zu lesen bekommt ?????
hab in der Schule Englisch geschwänzt. Gruß P.
hab in der Schule Englisch geschwänzt. Gruß P.
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