E-Commerce Stock Watch: CNET Set For Split

Keep an eye of shares of online technology content network CNET (Nasdaq: CNET) today. The stock rose more than 8 percent on Friday, climbing 8-1/4 to 108-1/4 as the Internet sector regained some of last week’s major losses. CNET is splitting its stock 2-for-1 today, and volume should be heavy.

CNET could be a good Internet stock to bet on because of its equity stake in NBC’s newly formed Internet division, which should greatly raise awareness of the Snap.com portal site that has CNET and NBC as co-owners. CNET is also one of the rare Internet companies that is profitable.

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