UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C. 20549

                            FORM 10-Q
(Mark One)

   X Quarterly report pursuant to Section 13 or 15(d) of the
     Securities Exchange Act of 1934

For the quarterly period ended December 31, 2000 or

___  Transition report pursuant to Section 13 or 15(d) of the
     Securities Exchange Act of 1934

For the transition period from __________ to ___________

                 Commission file number 0-10541

                    COMTEX NEWS NETWORK, INC.

     (Exact name of registrant as specified in its charter)

                    New York                      13-3055012
       (State or other jurisdiction of        (I.R.S. Employer
        incorporation or organization)         Identification No.)

                       4900 Seminary Road
                            Suite 600
                   Alexandria, Virginia  22311
            (Address of principal executive offices)

                         (703) 820-2000
       Registrant's Telephone number, including area code

                         Not Applicable
  (Former name, former address and former fiscal year, if changed
                       since last report)

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days:

                    Yes X     No ___

As of February 12, 2001, 10,072,037 shares of the Common Stock of
the registrant, par value $0.01 per share, were outstanding.
<PAGE>

                    COMTEX NEWS NETWORK, INC.
                        TABLE OF CONTENTS



Part I Financial Information:                                         Page No.

     Item 1.  Financial Statements

               Balance Sheets                                            3
                as of December 31, 2000 (unaudited)
                and June 30, 2000

               Statements of Operations                                  4
                for the Three and Six Months Ended
                December 31, 2000 and 1999 (unaudited)

               Statements of Cash Flows                                  5
                for the Six Months Ended
                December 31, 2000 and 1999 (unaudited)

               Notes to Financial Statements                             6


     Item 2.  Management's Discussion and Analysis                       8
                of Financial Condition and Results
                of Operations

     Item 3.  Quantitative and Qualitative Disclosure
                about Market Risk                                        13

Part II Other Information:

     Item 1.  Legal Proceedings                                          14
     Item 2.  Changes in Securities and Use of Proceeds                  14
     Item 3.  Defaults Upon Senior Securities                            14
     Item 4.  Submission of Matters to a Vote of Security Holders        14
     Item 5.  Other Information                                          14
     Item 6.  Exhibits and Reports on Form 8-K                           14


SIGNATURES                                                               15

<PAGE>
<TABLE>
                                    COMTEX NEWS NETWORK, INC.
                                         BALANCE SHEETS

                                                                     December 31,       June 30,
                                                                         2000             2000
                                                                  ---------------      --------------
                                                                     (Unaudited)
<S>                                                                 <C>               <C>
ASSETS

  CURRENT ASSETS
      Cash and Cash Equivalents                                     $      755,107     $    1,655,222
      Accounts Receivable, Net of Allowance of
        approximately $469,000 and $314,000
        at December 31, 2000 and June 30, 2000, respectively             2,557,412          2,086,701
      Prepaid Expenses and Other Current Assets                            351,446            185,692
                                                                   ---------------    ----------------
           TOTAL CURRENT ASSETS                                          3,663,965          3,927,615

  PROPERTY AND EQUIPMENT, NET                                            3,045,243          1,829,060

  DEPOSITS AND OTHER ASSETS                                                373,726            219,978
                                                                    --------------     ---------------
TOTAL ASSETS                                                        $    7,082,934     $    5,976,653
                                                                    ==============     ===============
LIABILITIES AND STOCKHOLDERS' EQUITY

  CURRENT LIABILITIES:
      Accounts Payable                                              $     1,012,639    $      570,817
      Accrued Expenses                                                    2,071,586         1,980,958
      Notes Payable                                                           -                60,000
                                                                    ---------------    ---------------
           TOTAL CURRENT LIABILITIES                                      3,084,225         2,611,775

  LONG-TERM LIABILITIES:
      Long-Term Notes Payable - Affiliate                                   971,954           986,954
                                                                    ---------------     --------------
TOTAL LIABILITIES                                                         4,056,179         3,598,729

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY

      Common Stock, $0.01 Par Value - Shares Authorized:
        18,000,000; Shares issued and outstanding: 10,038,697
        and 9,967,897, respectively                                         100,387             99,679
      Additional Capital                                                 11,451,770         11,403,826
      Accumulated Deficit                                                (8,525,402)        (9,125,581)
                                                                     --------------     ---------------
TOTAL STOCKHOLDERS' EQUITY                                                3,026,755          2,377,924
                                                                     --------------     ---------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                           $    7,082,934     $    5,976,653
                                                                     ==============     ===============
</TABLE>
The accompanying "Notes to Financial Statements" are an integral part of
                           these financial statements.

                                        3
<PAGE>
<TABLE>
                                  COMTEX NEWS NETWORK, INC.
   STATEMENTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED DECEMBER 31, 2000 AND 1999
                                         (UNAUDITED)

                                                 Three months ended           Six months ended
                                                   December 31,                December 31,
                                             -------------------------   ----------------------------
                                                2000           1999         2000             1999
                                             -----------    ----------   ------------     ------------
<S>                                          <C>            <C>          <C>             <C>
Revenues                                     $4,324,648    $2,900,551     $8,485,745      $5,309,445

Cost of Revenues                              1,155,932       932,668      2,316,152       1,742,246
                                            -----------    ----------   ------------     ------------
  Gross Profit                                3,168,716     1,967,883      6,169,593       3,567,199

Operating Expenses
 Technical Operations & Support                 922,554       518,472      1,682,499         935,935
 Product Development                            126,797       110,890        267,102         229,880
 Sales and Marketing                            765,515       431,870      1,394,092         721,714
 General and Administrative                   1,058,139       585,863      1,909,819       1,024,705
 Depreciation and Amortization                  180,886        34,823        314,318          64,521
                                            -----------    ----------   ------------     ------------
  Total Operating Expenses                    3,053,891     1,681,918      5,567,830       2,976,755

  Operating Income                              114,825       285,965        601,763         590,444

Other Income/(Expense)
 Interest Expense                               (24,374)      (25,671)       (50,736)        (53,452)
 Interest Income/Other                           21,937         5,296         50,377           5,905
                                             -----------    ----------    -----------     -----------
     Other Income/(Expense), net                 (2,437)      (20,375)          (359)        (47,547)
                                             -----------    ----------    -----------     -----------
Income Before Income Taxes                      112,388       265,590        601,404         542,897

Income Taxes                                      -              -             1,225             444
                                             -----------    ----------    -----------     -----------
Net Income                                    $ 112,388       265,590        600,179         542,453
                                             ===========    ==========   ============     ===========


Basic Earnings Per Common Share               $     .01   $      .03       $     .06       $     .07
                                             ===========  ===========    ============     ===========
Weighted Average Number of Common Shares      9,982,881    8,457,025       9,975,516       8,291,063
                                             ===========  ===========    ============     ===========
Diluted Earnings Per Common Share             $     .01   $      .02      $      .04       $     .04
                                             ===========  ===========    ============     ===========
Weighted Average Number of Shares
 Assuming Dilution                           13,506,070   12,329,142      13,693,579      12,214,684
                                             ===========  ===========    ============     ===========

</TABLE>
The accompanying "Notes to Financial Statements" are an integral part of
                        these financial statements.
                                        4
<PAGE>
<TABLE>
                              COMTEX NEWS NETWORK, INC.
                               STATEMENTS OF CASH FLOWS
                                      (UNAUDITED)

                                                                   Six Months Ended
                                                                     December 31,
                                                          ----------------------------------
                                                                 2000               1999
                                                          --------------      --------------
<S>                                                        <C>                <C>
Cash Flows from Operating Activities:
 Net Income                                                 $    600,179       $  542,453
 Adjustments to reconcile net income to net cash
 provided by operating activities:
  Depreciation and Amortization Expense                          314,318           64,521
  Bad Debt Expense                                               284,350           90,000
  Changes in Assets and Liabilities:
   Accounts Receivable                                          (755,061)        (375,393)
   Prepaid Expenses and Other Current Assets                    (165,754)         (37,828)
   Deposits and Other Long Term Assets                          (153,748)            -
   Accounts Payable                                              441,822           34,966
   Accrued Expenses                                               90,628          382,700
   Amounts due to Related Parties                                   -              (2,982)
                                                           --------------      --------------
  Net Cash provided by Operating Activities                      656,734          698,437

Cash Flows from Investing Activities:
 Purchases of Property and Equipment                         (1,530,501)         (575,802)
                                                          --------------      --------------
  Net Cash used in Investing Activities                      (1,530,501)         (575,802)

Cash Flows from Financing Activities:
 Repayments on Notes Payable                                    (75,000)          (40,000)
 Issuance of Stock - Private Placement                            -             1,262,739
 Issuance of Stock under Employee Stock Purchase Plan            43,478            12,851
 Exercise of Stock Options                                        5,174             5,539
                                                          --------------      --------------
  Net Cash provided by/(used in) Financing Activities           (26,348)        1,241,129
                                                          --------------      --------------
Net Increase/(Decrease) in Cash and Cash Equivalents           (900,115)        1,363,764

Cash and Cash Equivalents at Beginning of Period              1,655,222            95,283
                                                          --------------      --------------
Cash and Cash Equivalents at End of Period                 $    755,107       $ 1,459,047
                                                          ==============      ==============
</TABLE>
The accompanying "Notes to Financial Statements" are an integral part of
                           these financial statements.
                                        5
<PAGE>
                    COMTEX NEWS NETWORK, INC.
            NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
                        December 31, 2000


1.   Basis of Presentation

The accompanying interim financial statements of COMTEX News
Network, Inc. (the "Company" or "COMTEX") are unaudited, but in
the opinion of management reflect all adjustments (consisting
only of normal recurring accruals) necessary for a fair
presentation of the results for such periods.  The results of
operations for any interim period are not necessarily indicative
of results for the full year.  The balance sheet at June 30, 2000
has been derived from the audited financial statements at that
date but does not include all of the information and footnotes
required by accounting principles generally accepted in the
United States for complete financial statements. These financial
statements should be read in conjunction with the audited
financial statements and notes thereto included in the Company's
Annual Report on Form 10-K for the fiscal year ended June 30,
2000 ("2000 Form 10-K"), filed with the Securities and Exchange
Commission on September 28, 2000.

In December 1999, the Securities and Exchange Commission ("SEC")
issued Staff Accounting Bulletin No.101, Revenue Recognition in
Financial Statements ("SAB 101"), which summarizes the SEC's
views in applying generally accepted accounting principles to
revenue recognition in financial statements.  On June 26, 2000,
the Commission deferred the effective date of SAB 101 to require
adoption by the fourth quarter of the first fiscal year beginning
after December 15, 1999.  Any required adoption will be accounted
for as a change in accounting principle in accordance with APB
Opinion No. 20, Accounting Changes, by cumulative catch-up
adjustment in the current fiscal year.  COMTEX does not expect
the adoption of SAB 101 to have a material impact on the
Company's financial statements.

In June 2000, the Financial Accounting Standards Board issued
Statement of Financial Accounting Standards ("SFAS") No. 138,
Accounting for Certain Derivative Instruments and Certain Hedging
Activities, an amendment of SFAS No. 133, which is effective for
fiscal years beginning after June 15, 2000.  COMTEX does not
anticipate that the adoption of SFAS No. 138 will have a
significant effect on its financial statements.

Certain amounts for the three and six months ended December
31, 1999, have been reclassified to conform to the presentation
of the three and six months ended December 31, 2000.

<PAGE>
2.   Net Income per Share

The following table sets forth the computation of basic and
diluted earnings per share:
<TABLE>
                                 Three Months Ended              Six Months Ended
                                    December 31,                   December 31,
                                2000           1999            2000           1999
                              ----------    -----------    -----------     -----------
<S>                          <C>            <C>            <C>             <C>
Numerator:
Net Income                    $  112,388    $   265,590    $   600,179     $   542,453
                              ==========    ===========    ===========     ===========
Denominator:
Denominator for basic
earnings per share -
weighted average shares        9,982,881      8,457,025      9,975,516       8,291,063

Effect of dilutive
securities:
Stock Options                  3,523,189      3,872,117      3,718,063       3,923,621
                              ----------    -----------    -----------     -----------
 Denominator for diluted
  earnings per share          13,506,070     12,329,142     13,693,579     12,214,684
                              ==========    ===========    ===========     ===========


Basic Earnings Per Share      $      .01     $      .03      $      .06     $      .07

Diluted Earnings Per Share    $      .01     $      .02      $      .04     $      .04
</TABLE>

3.   Income Taxes

The provision for income taxes is limited to the liability for
alternative minimum tax, as the majority of income for Federal
and state tax purposes has been offset by net operating loss and
investment tax credit carryforwards.


4.   Commitments and Contingencies

The Company has been named as a defendant in a lawsuit filed in
the United States District Court for the Northern District of
Alabama, Northeastern Division on August 25, 2000.  The suit is
captioned Clyde Collins Pearson (the "Plaintiff") Individually
and In His Capacity As Representative of the Class of Emulex
Corporation Shareholders Similarly Situated v. Internet Wire,
Inc.; Comtex News Network, Inc.; and Emulex Corporation.  The
suit relates to Plaintiff's sale of Emulex Corporation stock in
response to a false news release disseminated by or on behalf of
various defendants, including the Company.  The complaint alleges
that the defendants failed to take reasonably necessary
precautions to prevent the distribution of the false press
release attributed to Emulex.  The Plaintiff seeks to maintain
the lawsuit as a class action.  Plaintiff is seeking $120,000.00
in actual damages, and additional punitive damages.  The Company
has filed a motion to dismiss the complaint and counsel for the
Company believes the suit has no merit.
<PAGE>

Item 2.
             MANAGEMENT'S DISCUSSION AND ANALYSIS OF
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS


RESULTS OF OPERATIONS

Comparison of the three months ended December 31, 2000, to the
three months ended December 31, 1999

The Company earned operating income of approximately
$115,000 during the three months ended December 31, 2000,
compared to operating income of approximately $286,000 during the
three months ended December 31, 1999.  The Company earned net
income of approximately $112,000 during the three months ended
December 31, 2000, compared to net income of approximately
$266,000 for the three months ended December 31, 1999. As
discussed below, the decline in operating income and net income
is due to an increase in operating expenses, partially offset by
an increase in gross revenues and an improvement of gross profit
margins.  The decrease in net income was also partially offset by
increased interest income earned on cash balances.

The Company's revenues consist primarily of royalty revenues
and fees from the licensing of content products to information
distributors.  During the three months ended December 31, 2000,
the Company's total revenues were approximately $4,325,000, or
approximately $1,424,000  (49%) greater than the total revenues
for the three months ended December 31, 1999.  Of the increase in
revenues, approximately 110% reflects revenues from new customers
obtained during the twelve months ended December 31, 2000.  This
increase was partially offset by a decrease in the revenues from
existing customers as a result of customer cancellations based on
failed businesses or lack of funding.

The Company's cost of revenues consists primarily of content
license fees and royalties to information providers, as well as
data communication costs for the delivery of the Company's
products to customers.  The cost of revenues for the three months
ended December 31, 2000 was approximately $1,156,000, or
approximately $223,000 (24%) greater than the cost of revenues
for the three months ended December 31, 1999.  The increase in
cost is primarily due to an increase in royalties and fees for
the distribution of content related to the increase in revenues
for the period.  The increase is offset partially by a decrease
in data communications costs resulting from the continued
implementation of a more cost-effective vehicle for the delivery
of the Company's products to customers, as well as a favorably
renegotiated contract with a data communications provider.
<PAGE>
The gross profit for the three months ended December 31,
2000 was approximately $3,169,000 or approximately $1,201,000
(61%) better than the gross profit for the same period in the
prior year.   The gross profit percentage improved for the three
months ended December 31, 2000 to approximately 73% from
approximately 68% for the three months ended December 31, 1999
due to both an improvement in earned minimum royalties paid to
certain information providers and the decrease in data
communications costs discussed above.

Total operating expenses for the three months ended December 31,
2000 were approximately $3,054,000, representing an approximately
$1,372,000 (82%) increase in operating expenses over the three
months ended December 31, 1999.  The increase in operating
expenses is generally due to investments in personnel, operations
and infrastructure in all areas and, specifically, increased
marketing and public relations expenditures.  The Company also
recorded additional reserves for doubtful accounts in the current
three-month period.

Technical operations and support expenses during the three
months ended December 31, 2000 increased approximately $404,000
(78%) over these expenses in the three months ended December 31,
1999.  This increase was due primarily to increased personnel and
computer leases, parts and software expenses, offset partially by
decreased consulting expenses.

Product development expenses increased by approximately
$16,000 (14%) for the three months ended December 31, 2000
compared to the three months ended December 31, 1999.  This
increase is the result of additional personnel in this
department.  Product development activities include quality
assurance, enhancements to the Company's products and the
development of proprietary news products.

Sales and marketing expenses increased by approximately
$334,000 (77%) for the three months ended December 31, 2000
compared to the three months ended December 31, 1999.  This
increase was due primarily to increased compensation arising from
the addition of sales and marketing personnel, increased travel
expenses related to business development and marketing and public
relations expenses related to the promotion and branding of the
Company and its products and services.

General and administrative expenses for the three months
ended December 31, 2000 were approximately $472,000 (81%) greater
than these expenses during the three months ended December 31,
1999.  This increase was due to additional personnel and related
expenses, expanded office space, investor relations consulting
expenses and increased legal fees.  The Company also recorded
additional reserves for doubtful accounts related primarily to
the number of customer cancellations due to their lack of funding
or failed business.
<PAGE>
Depreciation and amortization expense for the three months ended
December 31, 2000 was approximately $146,000 (419%) higher than
the expense during the same period in the prior year.  The
increase was due to the deployment of an upgraded production
software and hardware platform and increased capital expenditures
related to increasing capacity and redundancy of the production
systems.

Other income increased approximately $18,000 (88%) due to
interest earned on the Company's cash balances.


Comparison of the six months ended December 31, 2000, to the six
months ended December 31, 1999

The Company earned operating income of approximately
$602,000 during the six months ended December 31, 2000, compared
to operating income of $590,000 during the six months ended
December 31, 1999.  The Company earned net income of
approximately $600,000 during the six months ended December 31,
2000, compared to net income of approximately $542,000 for the
six months ended December 31, 1999.  The increase in operating
income is due to increased revenues, partially offset by
increased operating expenses.  The improvement in net income
includes increased interest income earned on the Company's cash
balances.

The Company's revenues consist primarily of royalty revenues
and fees from the licensing of content products to information
distributors.  During the six months ended December 31, 2000, the
Company's total revenues were approximately $8,486,000, or
approximately $3,176,000 (60%) greater than the total revenues
for the six months ended December 31, 1999.  Of the increase in
revenues, approximately 85% reflects revenues from new customers
obtained during the twelve months ended December 31, 2000, with
the remaining 15% reflecting growth in revenues from the existing
customer base, net of the loss in existing customers due to
failed businesses or lack of funding.

The Company's cost of revenues consists primarily of content
license fees and royalties to the Company's information
providers, as well as data communication costs for the delivery
of the Company's products to customers.  The cost of revenues for
the six months ended December 31, 2000 was approximately
$2,316,000, or $574,000 (33%) greater than these costs for the
six months ended December 31, 1999.  The increase in cost is
primarily due to an increase in royalties and fees related to the
increase in revenues for the period.  The increase is offset
partially by a decrease in data communications costs resulting
from the continued implementation of a more cost-effective
vehicle for the delivery of the Company's products to customers,
as well as a favorably renegotiated contract with a data
communications provider.
<PAGE>
The gross profit for the six months ended December 31, 2000
was approximately $6,170,000, or a $2,602,000 (73%) improvement
in gross profit over the same period in the prior year.  The
gross profit percentage improved for the six months ended
December 31, 2000 to approximately 73% from approximately 67% for
the six months ended December 31, 1999, due to both an
improvement in earned minimum royalties paid to certain
information providers and the decrease in data communications
costs discussed above.

Total operating expenses for the six months ended December
31, 2000 were approximately $5,568,000, representing an
approximate $2,591,000 (87%) increase in operating expenses from
the six months ended December 31, 1999.  The increase in
operating expenses is generally due to investments in personnel,
operations and infrastructure in all areas and, specifically,
increased marketing and public relations activities and
expenditures.  The Company also recorded additional reserves for
doubtful accounts during the six months ended December 31, 2000.

Technical operations and support expenses during the six
months ended December 31, 2000 increased approximately $747,000
(80%) over these expenses in the six months ended December 31,
1999.  This increase was due primarily to increased personnel and
computer leases, parts and software expenses, offset partially by
decreased consulting expenses.

Product development expenses increased by approximately
$37,000 (16%) for the six months ended December 31, 2000 compared
to the six months ended December 31, 1999.  This increase is the
result of additional personnel in this department.  Product
development activities include quality assurance, enhancements to
the Company's products and the development of proprietary news
products.

Sales and marketing expenses increased by approximately
$672,000 or approximately 93% for the six months ended December
31, 2000 compared to the six months ended December 31, 1999.
This increase was due to increased compensation arising from the
addition of sales and marketing personnel, additional commissions
based on the increase in revenues during the period, as well as
increased marketing and public relations expenses related to the
promotion and branding of the Company's products and services.

General and administrative expenses for the six months ended
December 31, 2000 were approximately $885,000 (86%) greater than
these expenses during the six months ended December 31, 1999.
This increase was due to additional headcount and related
expenses, expanded office space, legal fees, recruitment expenses
and investor relations consulting, as well as increased bad debt
expense due to an increase in the number of customer
cancellations related to their lack of funding or failed business.
<PAGE>
Depreciation and amortization expense for the six months ended
December 31, 2000 was approximately $250,000 (387%) higher than
this expense during these six months in the prior year.  The
increase was due primarily to the deployment of upgraded
production software and hardware, as well as increased capital
expenditures related to increasing capacity and redundancy in the
production systems.

Other income increased approximately $47,000 (99%) due primarily
to interest earned on the Company's cash balances.



FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES

For the six months ended December 31, 2000, the Company's
operations produced operating income of approximately $602,000
and net income of approximately $600,000.  At December 31, 2000,
the Company had working capital of approximately $580,000 as
compared with working capital of approximately $1,316,000 at June
30, 2000.  The Company also had net stockholders' equity of
approximately $3,027,000 at December 31, 2000, as compared to net
stockholders' equity at June 30, 2000, of approximately
$2,378,000.  The decrease in working capital is primarily the
result of increased capital expenditures to increase the capacity
and redundancy of the Company's data production systems.  The
increase in stockholders' equity is due to the increase in, and
retention of, net income, as well as the issuance of common stock
under the Employee Stock Purchase Plan.

For the six months ended December 31, 2000, the Company's
operating activities generated approximately $657,000 in cash.
The Company had cash of approximately $755,000 at December 31,
2000, compared to approximately $1,655,000 at June 30, 2000.  The
decrease in cash is the result of increased capital expenditures
as discussed above.  To date, the Company's operations have
generated cash flow sufficient to cover its monthly expenses.

The Company has reinvested a significant portion of its operating
cash flows.  This includes investments in administrative, sales,
marketing and technical staff; expansion of the contractual base
with information providers to improve the quality and flexibility
of information products; and expansion of contracts with
information distributor customers.  All of these factors
contribute to improving the Company's ability to sell and deliver
quality products and services.

In addition, the Company has made capital expenditures of
approximately $1,531,000 in the six months ended December 31,
2000, primarily to upgrade and improve the redundancy of its
software and hardware platforms, thus expanding its product
capabilities, reliability and its ability to meet future client
and content processing requirements.  These expenditures also
included purchases related to the expansion of office space and
additional headcount.
<PAGE>
The Company anticipates continued investment in operations and
infrastructure including, but not limited to, investments in
additional human resources and consulting services, product
development, sales, marketing and branding and software and
hardware.  While the Company anticipates funding these
investments with operating cash flows, it may undertake
additional borrowings or raise additional capital through the
issuance of equity as the need arises and to take advantage of
market conditions.

EBITDA, as defined below, increased approximately 40% to $916,000
for the six months ended December 31, 2000 compared to $655,000
for the six months ended December 31, 1999.  The increase is due
to the increase in revenues and the improvement in gross profit
margin, offset partially by increased operating expenses,
excluding depreciation and amortization.

EBITDA consists of earnings before interest expense, interest and
other income, income taxes and depreciation and amortization.
EBITDA does not represent funds available for management's
discretionary use and is not intended to represent cash flow from
operations.  EBITDA should also not be construed as a substitute
for operating income or as a better measure of liquidity than
cash flow from operating activities, which are determined in
accordance with accounting principles generally accepted in the
United States.  This measurement excludes components that are
significant to understanding and assessing the Company's results
of operations and cash flows.  In addition, EBITDA is not a term
defined by generally accepted accounting principles and,
therefore, the Company's measure of EBITDA might not be
comparable to similarly titled measures used by other companies.


CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS

Except for the historical information contained herein, the
matters discussed in this Form 10-Q include forward-looking
statements within the meaning of Section 21E of the Securities
and Exchange Act of 1934.  These forward-looking statements may
be identified by reference to a future period or by use of
forward-looking terminology such as "anticipate", "expect",
"could", "may" or other words of a similar nature.  Forward-
looking statements, which the Company believes to be reasonable
and are made in good faith, are subject to certain risks and
uncertainties that could cause actual results to differ
materially from those expressed in any forward-looking statement
made by, or on behalf of, the Company.
<PAGE>
Among such important external factors and risks are business
conditions and growth in the demand for real-time, aggregated
custom online news delivery services, and growth in the economy
in general; the impact of competitive products and pricing; the
proliferation of large, global information networks and the
evolution of the Internet.  Among such important internal factors
and risks are continued success in the acquisition and growth of
new information re-distributor and corporate end-user client
accounts; the ability to continue the Company's program of
technical system upgrades; the timely creation and market
acceptance of new products; the Company's ability to continue to
increase the variety and quantity of sources of information
available to create its products; the Company's ability to
continue to recruit and retain highly skilled technical,
editorial, managerial and sales/marketing personnel; the
Company's ability to generate cash flow sufficient to cover its
current obligations while meeting its long-term debt obligations;
and the other risks detailed from time to time in the Company's
SEC reports, including quarterly reports on Form 10-Q, that could
cause results to differ materially from those anticipated by the
statements contained herein.


Item 3.

      QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK.

The information required by this item has been omitted as the
Company's market risk exposure is not material.

Part II.  Other Information


     Item 1. Legal Proceedings

          The Company has been named as a defendant in a lawsuit
     filed in the United States District Court for the Northern
     District of Alabama, Northeastern Division on August 25,
     2000.  The suit is captioned Clyde Collins Pearson
     Individually and In His Capacity As Representative of the
     Class of Emulex Corporation Shareholders Similarly Situated
     v. Internet Wire, Inc.; Comtex News Network, Inc.; and
     Emulex Corporation.  The suit relates to Plaintiff's sale of
     Emulex Corporation stock in response to a false news release
     disseminated by or on behalf of various defendants,
     including the Company.  The complaint alleges that the
     defendants failed to take reasonably necessary precautions
     to prevent the distribution of the false press release
     attributed to Emulex.  The plaintiff seeks to maintain the
     lawsuit as a class action.  Plaintiff is seeking $120,000.00
     in actual damages, and additional punitive damages.  The
     Company has filed a motion to dismiss the complaint and
     counsel for the Company believes the suit has no merit.

          The Company is also involved in routine legal
     proceedings occurring in the ordinary course of business,
     which in the aggregate are believed by management to be
     immaterial to the financial condition of the Company.
<PAGE>

     Item 2. Changes in Securities and Use of Proceeds

          None.


     Item 3.  Defaults Upon Senior Securities

          None.


     Item 4.  Submission of Matters to a Vote of Security Holders

          a) The Company's Annual Meeting of Stockholders was held
             December 7, 2000

          b) At the Annual Meeting, the Company's stockholders reelected
             the Company's six directors, approved an amendment to the COMTEX
             News Network, Inc. 1995 Stock Option Plan to increase the number
             of shares reserved for issuance thereunder, and ratified the
             appointment of Ernst & Young LLP as the Company's independent
             accountants.

The following votes were cast at the Annual Meeting with
respect to each of the matters above:

 Election of Directors:

                                               Abstentions
                                   Votes       and Broker
   Director           Votes For    Withheld    Non-Votes
   ---------------   ----------    --------    ------------
   C.W. Gilluly       9,018,349     18,668           -
   Charles W. Terry   9,019,009     18,008           -
   Erik Hendricks     9,019,009     18,008           -
   Robert A. Nigro    9,019,009     18,008           -
   John D. Sanders    9,018,349     18,668           -
   John S. Brunette   9,019,009     18,008           -


Amendment to 1995 Stock Option Plan:

                                         Abstentions and
     Votes For     Votes Against         Broker Non-Votes
     ---------     -------------         ----------------
     6,878,126         251,020                 6,327


Ratification of Appointment of Accountants:

                                         Abstentions and
     Votes For    Votes Against          Broker Non-Votes
     ---------    -------------          -----------------
     9,011,591       22,612                    2,814

<PAGE>
     Item 5.  Other Information

               None.


     Item 6.  Exhibits and Reports on Form 8-K

               None.


<PAGE>
                           SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.

                              COMTEX NEWS NETWORK, INC.
                                   (Registrant)


     Dated:  February 14, 2001     By:  /S/CHARLES W. TERRY
                                   -----------------------------
                                   Charles W. Terry
                                   President and Chief Executive
                                   Officer
                                   (Principal Executive Officer)

                                   By:  /S/ROBIN Y. DEAL
                                   -----------------------------
                                   Vice President,
                                   Finance & Accounting
                                    (Principal Financial and
                                     Accounting
                                     Officer)

<PAGE>