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Technology Stocks : OnSale Inc.
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To: Steven Witkop who wrote (2066)11/30/1998 7:14:00 PM
From: Mohan Marette  Read Replies (2) of 4903
 
Here is another man's opinion from MarketWatch.

..Still, some market watchers remained optimistic.

..."We're just seeing the Internets start to take a breather," said Arnie Owen, managing director of equities at Cruttenden Roth.

"Everybody keeps talking about their valuations, but you're talking about the future, not the past. Internet commerce is growing and it's probably a heck of a lot bigger now than anybody thought it would be coming into December 1998."....

My best guess is that they renew their charge soon," said Owen. "I'm not seeing a plethora of selling. I just think some of the buying is drying up."

Electronic grocer Peapod (PPOD), meanwhile, was among the few gainers, rising 1/8 to close at 8 5/8.

The Internet industry should get a boost from a broad-based electronic commerce agenda unveiled Monday by the White House. The Clinton administration is pushing for a freer Internet and financial assistance for Internet projects in developing nations. It will also expand research on information technology's economic impact and promote Internet use by small businesses. See full story.

A new round of partnerships between Internet companies also suggests that the industry still has a growth spurt ahead. ....

cbs.marketwatch.com
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