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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan?

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To: esterina who wrote ()11/18/1998 3:40:00 PM
From: E. Graphs  Read Replies (1) of 4903
 
Another member of the Internet old guard, Netscape Communications Corp. ......

biz.yahoo.com

>>Internet stocks, the archetypal speculative class, took a defensive turn on Wednesday as investors flocked to older, profitable and safer names in the group.

''It's a flight to quality for the Internet stocks, if you can call it that,'' said Paul Bard, an Internet analyst with Renaissance Capital.

Buying in the big Internet names was seen on both the retail and the institutional level, traders said.

''Rather than just buying anything that has '.com' in the name, investors are getting more selective,'' said Peter Coolidge, senior equity trader at Brean Murray & Co.<<
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