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Stock Watch: Takeover Speculation Fuels Freeserve ADRs

By Nora Macaluso E-Commerce Times ECT News Network
Jun 1, 2000 12:00 AM PT

Freeserve (Nasdaq: FREE) American depositary receipts rose 6 1/2 to 78 1/2 Wednesday after the Financial Times reported that Dixons Plc is considering selling its 80 percent stake in the UK-based Internet service provider to T-Online of Germany.

Stock Watch: Takeover Speculation Fuels Freeserve ADRs

The paper said electronics retailer Dixons is also considering other options for its stake. Earlier this month, Dixons hired investment bankers Goldman, Sachs & Co. to help it review alternatives for its stake in Freeserve.

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What's your alarm level over cyberattacks on the Internet's infrastructure?
Red: A deadly cyberwar will occur -- It's when, not if.
Orange: A big one could be costly and threaten public safety.
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Blue: Regional outages will become more frequent and more annoying.
Green: There's no way anyone could take out the entire Internet.