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To: waldo who wrote (2702)	12/2/1998 12:31:00 PM
From: waldo	Read Replies (1) of 37507

>>''We are witnessing an unprecedented creation of wealth by a pack of young entrepreneurs in an astonishingly short period of time,'' Andersen said. Thanks to the booming growth of the Internet, a pack of young entrepreneurs have accumulated huge fortunes in amazingly short periods of time and have taken over Andersen's black hard-bound almanac of the nation's richest people. They are racing neck-and-neck with yesteryear's real estate moguls and heirs to family fortunes. But the million dollar question on everyone's mind is: Can this wealth last? ''Whether it lasts or not is another question, but for now, these Geek Gods rule the nation's wealth,'' Andersen said.<< biz.yahoo.com ************************************************* Internet insiders are selling their high-flying stocks NEW YORK (CBS.MW) -- Internet-company insiders have been more willing to sell their high-flying shares in the past three months -- and particularly the past 15 days -- than they were earlier this year, according to The Wall Street Journal. The hot sector rebounded Tuesday after a couple of days in which some stocks, such as Onsale Inc. (ONSL) and Yahoo! Inc. (YHOO), dropped from recent nosebleed levels. The sales may indicate Internet insiders believe their stocks are overvalued. Craig Columbus, vice president of research of Disclosure Inc., said Internet stocks "are looking awfully pricey," according to the newspaper. (The Wall Street Journal) cbs.marketwatch.com W

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