News Burst: Net stocks surge on AOL-Netscape talks

Internet-related stocks got a boost at midday on Monday after AOL and Netscape said that the companies were in merger talks.
Written by ZDNet UK, Contributor on

The Nasdaq rose 45 to 1,974 and the @Net added 14 to 499. The Dow Jones industrial average climbed 152 to 9,312. Meanwhile, shares of Diamond Multimedia Systems Inc. rose 1 3/32 to 6 1/8, or 21 percent, Monday after the company said it shipped its Rio PMP300 portable digital music player.

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