>>If we have a summer rally ala the Nasdaq climbing to 2900, as Joe predicts, what do you think amazon and the rest of the net blue chips will do?<< John, do know who Joe's idol is? John Gotti. Here's some good news for you. >> Sydney, June 29 (Bloomberg) -- John Fairfax Holdings Ltd., Australia's largest newspaper publisher, is set to unveil plans today to start an Internet auction house with a group of existing Internet companies, the Australian Financial Review, a Fairfax paper, said. Yahoo! Inc., Dell Computer Corp., and Amazon.com are among the potential partners for the new venture, along with Auction Universe, which is owned by a group of U.S. newspapers. The recent public listing of ecorp Ltd., formerly owned media rival Publishing & Broadcasting Ltd., is putting pressure on Fairfax to spin off its Internet ventures.
Fairfax said yesterday it will spend A$220 million (US145 million) on building a new color printing press in Melbourne, Australia's second largest city.<< |