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August 22, 2000|Reuters; Bloomberg News

ReplayTV, a media company that lets television viewers "watch what they want, when they want," said Monday it withdrew an initial public offering because of unfavorable market conditions. The Mountain View, Calif.-based company had planned to offer 8.5 million common shares at $13-$15 each. ReplayTV, which had originally filed with the Securities and Exchange Commission to go public in January, said Monday: "In light of current market conditions, the company has determined not to proceed with the public offering . . . at this time." . . . Investor optimism about U.S. stocks soared as the presidential campaign heated up and concern that interest rates will continue to rise abated, according to a survey of investors released Monday by PaineWebber Inc. The firm's index of investor optimism jumped 24% in the poll conducted Aug. 1-13, concluding after the close of the Republican National Convention and before the Democrats' convention last week.

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