CNET, Inc. Makes Initial Public Offering of Common Stock
Contact:
Karen Wood
CNET: The Computer Network
Phone: (415) 395-7800, x1552
karenw@cnet.com
San Francisco, CA -- July 1, 1996--CNET, Inc. today announced its initial
public offering on the Nasdaq National Market under the trading symbol CNWK.
The initial public offering price for 2,000,000 shares of Common Stock was
$16.00 per share. Morgan Stanley and Co. Incorporated, Hambrecht & Quist LLC
and Deutsche Morgan Grenfell/C.J. Lawrence Inc. co-managed the offering.
CNET, Inc. is a media company focused on providing Internet content and
television programming relating to computers, the Internet and digital
technologies. The Company seeks to use its editorial, technical and
programming expertise to create compelling content to engage
technology-oriented consumers and attract advertisers wishing to reach this
audience.
A prospectus may be obtained from the offices of Morgan Stanley & Co.
Incorporated, 1251 Avenue of the Americas, New York, NY 10020, Phone
212-703-4000, Fax 212-703-5007; Hambrecht & Quist LLC, One Bush Street, San
Francisco, CA 94104, Phone 415-576-3300, Fax 415-576-3347; or Deutsche
Morgan Grenfell/C.J. Lawrence Inc., 1550 El Camino Real, Suite 100, Menlo
Park, CA 94025, Phone 415-614-5000, Fax 415-614-5030.
