The Internet fairy has waved her magic wand over Zenith Electronics Corp, and suddenly, the eternal Cinderella finds that she will get to go to the ball after all. The Zenith share price has tripled and more since the end of March, when it languished at $6.75, and is now up at $22.875 on the back of the company being perceived as an Internet play on the back of its cable modems. And a story in Computer Retail Week that it has teamed up with the company formed by Oracle Corp Network Computer refugees, Diba Inc, Belmont, California and will be launching a $300 to 500 Web TV at the Consumer Electronics Show later this month, will do the share price no harm at all. Diba’s business model is to put together a set of building blocks to enable designers to create ultra low-cost and application-speciic Internet access devices (CI No 2,902).
