Autobytel (ABTL) - Buy Autos online Message Board

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Technology Stocks : Autobytel (ABTL) - Buy Autos online

ABTL 7.020

+0.3%

Oct 6 5:00 PM EST

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To: Bill Ounce who wrote (466)	6/9/1999 10:12:00 AM
From: Bill Ounce	Read Replies (2) of 594

USA Today -- Glut of issues derails Net train usatoday.com [...] ince peaking in mid-April, the composite Internet share price has fallen 48%. Nineteen of the 63 companies in the group are now trading below their initial public offering price. Among them: Autobytel.com, ValueAmerica, iTurf and Barnesandnoble.com. And as underwriters flooded the market with 1.7 billion new Internet shares, increasing supply by about 718%, trading volume fell. Viewed this way, the public's infatuation with Internet stocks waned as more opportunities arose. [...]

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