Internet Search Engines - The New Conglomerates? Message Board

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Technology Stocks : Internet Search Engines - The New Conglomerates?

YHOO 52.58

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Jun 26 5:00 PM EST

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To: TFF who wrote (17)	4/18/1998 9:38:00 AM
From: MR. PANAMA (I am a PLAYER)	of 165

IRBY the key points are that these stocks are not affected by Asia and the economy...the web will not reach critical mass fer a while yet and therein lies the explosive growth . We have not seen any signs of consolidation yet but the best 5 or 6 companies will be looked at.. These stocks will look expensive for the next few years if you use standard P/E theory...I welcome a breather having missed out on the easy money here but realize that a well diversified Tech Portfolio should have a component in this area...Down the road as things develop I am sure that we will see mutual funds tailored to this group and that will be a better way to invest in this group. This is one group of stocks that should not be bgt on mgn and if one buys into it then take a 2 year objective...

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