Rumors were swirling late last week that BigBook, the San Francisco-based online yellow pages directory, was about to be acquired. Sources said the lead candidate was US West Communications, Englewood, Colo., which dismissed the claim. As well, GTE, Stamford, Conn., was considered a potential buyer. Officials at BigBook did not return calls by deadline.
Lycos, Framingham, Mass., was credited for spurring a late week surge in Internet stocks after cutting $30 million in commerce deals, which raised the search engine's stock more than $11, to $56 a share at deadline. Other gainers included Yahoo, Santa Clara, Calif., up $10 to over $100 and bookseller Amazon.com, Seattle, up over $8 to near $95.
None the Wiser
As an April Fool's Day joke, Vivid Studios, San Francisco, played a trick on CNET, the online media company across town, by creating VNET: The Vivid Network, a spoof on CNET's tech news site. Faux news headlines included, "Our Leader is Cuter than Louis," a wry reference to CNET chief executive Halsey Minor and Wired founder Louis Rossetto. Asked why they did it, Henri Poole, Vivid chairman and CEO, simply said, "the first of April...of course!"