Real Climbs on WebTV Pact
Page 1 of 1
Streaming media pioneer Real Networks Inc. climbed for a second day Friday as investors continue to bid up the stock following its pact with Microsoft's WebTV Networks.
Just before noon, internet.com's Internet Stock Index was up 2.42, or .44 percent, to 558.08, the Nasdaq Composite was up 20.04 to 2,726.22 and the Dow Jones industrial average had gained 45.27 to 11,111.69.
Real Networks Inc. (RNWK) jumped 8-3/4 to 86-5/8. Microsoft said Thursday it will add support for the latest version of Real Audio in its set-top boxes. While WebTV users will be able to receive G2 audio, they will not be able to view Real video.
As part of the pact, Real will develop a new audio player for Microsoft's Windows CE operating system for non-PC devices.
ALL NEW! internet.com's HotWatch a monthly e-mail subscription for $99, featuring Internet Stock Report's Steve Harmon, and his top 10 noteworthy Internet stocks for the month. Each month you will receive in-depth analysis on the top 10 Internet stocks to watch with the information you need to assess the fast-paced nature of Internet stocks. Staying on top of market changes in the Internet Stock market is what counts. For $99 per year, you receive 12 timely issues sent to you by e-mail. Don't wait, our next issue will be out before you know it with a whole new perspective on the market. Sign up today at: e-newsletters