Did you see this ??? GREAT NEWS !!!! moneycentral.msn.com
here's part of the article...
AOL led the way
"The companies we own are growing at extraordinary rates --
most of them anywhere between 30% and 50% per quarter,"
says Ryan Jacob, manager of the Internet Fund. That's two or
three times faster than stodgy old Microsoft (MSFT), and
perhaps 10 times the rate of growth at multinational giants like
General Electric (GE). (Investor is published by Microsoft.)
The Internet Fund has a cutting-edge portfolio, with big stakes in
GeoCities (GCTY); CMGI (CMGI), the Internet venture-capital
investment company; Yahoo! and Excite (XCIT); and Data
Broadcasting (DBCC), half-owner of the Marketwatch.com
finance site, which is going public before the end of this year.
"We look to invest in companies we believe have the best
prospects of becoming leaders in their respective businesses,"
says Jacob. The rap on Internet companies is that they're not
making any money. Believers like Jacob believe that if you wait
until they do, you'll miss out.
Believers base their hopes on the meteoric rise in the shares of
America Online, which were worth 42 cents on a split-adjusted
basis in 1992 and now go for around $92 a share. Since its IPO,
the stock is up 19,500% -- or 195 times -- to a market
capitalization of $40 billion. (This means an investment of
$10,000 in America Online shares back when you first heard of
America Online six years ago would be worth nearly $2 million
today). It has nothing but friends on Wall Street; and its
price-earnings ratio, at about 300, makes the pre-crash multiple
for RCA (now part of General Electric) look old-fashioned.
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