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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (31032)4/5/1999 2:51:00 PM
From: Susan G   of 120523
 
From Marketwatch (Tom Calandra)

Shares of Yahoo (YHOO) could approach their all-time high after the company releases quarterly profit numbers Wednesday.
The company, which just offered to exchange its stock for all of
Broadcast.com (BCST), is seen making 8 cents a share in the
first quarter, up from 2 cents a year ago. A robust quarter likely will benefit large and small Internet companies. (article cut here)

...Yahoo shares are now north of 205 (they rose more than 25
points Monday) and look headed to their all-time closing high of
222 1/2, set Jan. 11. James Dines, the California newsletter writer, sees old-line companies contributing to the Internet boom in coming months. As media and established technology companies seek to buy
into Web companies, "they will aggravate the diminishing supply of these shares even further," says Dines.

What could all this lead to? "We could now be approaching the mother of all spikes in the Internet boom, possibly a last chance to cash in big time and maybe even get yourself set for life," says Dines.

Big and little Web stocks were moving sharply higher Monday. The hot day follows a hot quarter. Steve Harmon's Internet Index of 50 stocks at www.Internet.com rose 90 percent during this year's first three months. Some 21 of the 50 stocks logged gains of more than 100
percent during the quarter. See the index. Go2Net (GNET), the Web site development company, enjoyed the biggest gain: up 650 percent for the span.
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