Excite [XCIT], an exciting stock to own in 1999! Message Board

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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999!

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To: craig crawford who wrote (2152)	9/1/1998 2:32:00 PM
From: Platter	Read Replies (1) of 3183

Excerpt from MS Investor.." On that basis, analysts said Friday, nothing had changed for the leading Inernet stocks like Amazon, Yahoo and America Online Inc. Most analysts strongly recommended the purchase of these shares, saying they are insulated more than many industries from the economic problems in Asia and Russia that had triggered the market sell-off. In addition, they noted the long-term outlook for online companies is excellent, as the Internet transforms the way people work, shop, communicate and entertain themselves and emerges as a whole new media like the television did a few decades ago. "My view is that when we come back from summer vacations and get back to school and start to buy stocks, the Internet sector will be one of the first groups to rebound," said Keith Benjamin, analyst with BancAmerica Robertson Stephens. Moreover, there are new signs the Internet will become a mainstream consumer medium sooner rather than later. Nielsen Media Research this week said some 79 million Americans - close to a third of the population - were now surfing the Internet. Falling personal computer prices are expected to bring even more people online. "

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