ZAPATA ZIPS UPWARD ON NYSE: COMPANY TO SPLIT INTO TWO

          The Glazer family's Zapata Corp. jumped 11 5/8 to 21
     1/2 yesterday on the NYSE.  The Glazers also own the
     Buccaneers.  PBS's Paul Kangas reported that the company
     "plans to split into two separate entities.  Zapata
     Corporation will be involved with the marine protein
     business and food packaging," and Zap Corp. "will be
     involved with Internet operations" (PBS, 7/6).  CNN's Bruce
     Francis reported that Zapata is adding 21 Internet companies
     to its portfolio.  Zapata President & CEO Avram Glazer: "Our
     strategy is to rapidly and aggressively acquire and
     consolidate Internet sites and e-commerce businesses.  And
     in two months, we've gone from a nothing to where we are
     today.  We consider ourselves probably one of the top ten
     Internet ... companies in the world" ("Moneyline," 7/6).