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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Larry S. who wrote (13690)	3/11/1998 8:00:00 AM
From: Susan Saline	Read Replies (1) of 53068

Morning all SEEK Not my usual pick....the chart is actually heading north.... found this article, this morning on Yahoo Morning Report Wed Mar 11 Commerce Is King: Action Of Auction Fuels ONSALE By Steve Harmon Senior Investment Analyst Internet.com "Where Wall Street Meets The Web" Investors pushed commerce-friendly shares of ONSALE (NASDAQ:ONSL - news) up 31% the past week as a new breed of buyer scoured the Internet stock space looking for anything that could capitalize on the plethora of buyers and sellers moving to the Web. Our number crunching shows ONSL led the ISDEX pack followed closely by yet another high for (the YAH?) of Yahoo, up 26% this year, 20% of that coming since March 3. We have a hard time believing in YHOO at anything above 10x sales -- it's more than 50x trailing -- despite the hoopla. Better hunting was found in Infoseek (NASDAQ:SEEK - news) , the little stock that could. Long trading at a miserable discount to its peer groups--less than half, despite having solid traffic on its site--SEEK finally partly caught up. We think it'll take more than that to get it to move any more, with rumors published in many media that SEEK was a takeover candidate. Any of the Internet group is a takeover candidate. No news there. Our sense tells us the big media companies still don't get it and probably won't bite. Anything less than 10 years old to them is "new media" and in a world where they count run of press and newsprint prices with a closer eye than the Web, good luck to them. Consider New Century Network, a group of leading newspaper chains' best effort at an Internet service, said it'll close down after four years of effort. This provides a classic example of old media approaching the Internet like an extension of itself. In the end too many paperpushers, politics and unwillingness of the newspaper giants to leverage the Web as its own medium and not an extension to print. More reasons why those startups here and those yet to be born have a chance, those that come from the Net rather than at it, still have the upper hand. Our latest tally:

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