Xoom.com Inc. (Nasdaq: XMCM) has scheduled a meeting Nov. 24 for stockholders to vote on the proposed NBC Internet, Inc. (NBCi) transactions that have been in the works since May.
Shares in the Internet-based direct e-commerce company closed at 63 3/4. Xoom has stumbled since May, though its has been rising again on the strength of its earnings.
>"Investors haven't paid much attention to the stock," said Lowell J. Singer at Robertson Stephens. He added that there's still a "lot of hidden value," though the stock has gone up in past weeks.
On May 10, NBC, Xoom.com and CNET announced that NBC will merge several of its Internet assets with Xoom.com and Snap.com, creating a publicly traded company under the Snap.com umbrella. The new entity will integrate broadcast, portal and general e-commerce services.