Press Release: February 10, 2000

WR Hambrecht + Co Initiates Coverage of CNET (CNET) with Market Outperform and Target of $100

Online media company and eMarkets portal projected to be in the black by end of Q1 2000

San Francisco, CA, February 10, 2000—

WR Hambrecht + Co, the online investment bank, today initiated research coverage on CNET (CNET) with a Market Outperform rating and 12-month price target of $100. WR Hambrecht + Co’s eMarkets and Portals analyst Derek Brown cited CNET’s category dominance, compelling business model and attractive relative valuation as key reasons for the rating. WR Hambrecht + Co offers all its research reports free and real-time at www.wrhambrecht.com.

“We view CNET as the prototypical eMarket. Its mission to empower buyers with information and connecting them with sellers has been extremely successful to date and positions the Company to benefit disproportionately from the expected growth of B2C and B2B online advertising and eCommerce,” Brown said. “Moreover the integration of mySimon should create the world-leader in comparison shopping, broadening the Company’s eMarket platform and opening new revenue streams.”

Brown projects CNET’s total revenues will reach $186.7 million in 2000 and $259.9 million in 2001, up from the 1999 total of $111.9 million. He estimates the Company will generate EPS of $0.25 this year and $0.61 in 2001, excluding goodwill amortization charges, equity losses, and gains on investments and related taxes, and before incorporating the Company’s recently announced acquisition of mySimon.

CNET, Inc. provides information online and through television programs regarding computers, the Internet and digital technologies. The primary channels accessible through CNET.com are Search.com, Computers.com, Shopper.com, News.com, Builder.com, Gamecenter.com and Download.com.