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Technology Stocks : Internet Guru Discussion

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To: steve harmon - analyst who wrote (2972)	10/22/1999 6:34:00 AM
From: Puck	of 4337

Steve, what do you make of the decline in viewership experienced by some major internet media portals, including AOL, Yahoo, Lycos, and, last but not least, Go2Net, as reported by Media Matrix for the month of September. One analyst in a Reuter's report (http://dailynews.yahoo.com/h/nm/19991022/wr/tech_mediametrix_2.html) expressed an opinion that these numbers may not be accurate and are perhaps over emphasized. Another analyst attributed the decline in market share experienced by the major portals as being the result of market segmentation resulting from a growing recognition of the value of alternative portals to the top 10. Is this one month decline the beginning of a trend or a seasonal abberation, and how do you see this new information affecting valuations of the negatively impacted companies, if at all. Sincerely, Puck

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