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Technology Stocks : Roaring Internet Stocks

YHOO 52.58

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Jun 26 5:00 PM EST

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To: nikko who wrote ()	2/12/1999 3:01:00 PM
From: Bullhorn	of 1530

PQT CBS MarketWatch: Investment company PICO Holdings (PICO) Chief Executive John Hart said he believes his company's stock should be trading at between $25 and $30 a share (it was at 19 3/4 Friday afternoon). He pitched the company's water and financial-data investments to potential investors at the Cruttenden Roth conference. Hart said PICO's water investments in the Southwest will benefit from growing populations in desert areas like Las Vegas. In addition, he pushed the potential of PICO's 46 percent stake in PC Quote (PQT), citing growing revenue in PCQuote.com. He also used as an example MarketWatch.com's January initial public offering, saying PCQuote.com, with $12 million in revenue, has great potential. (MarketWatch.com is the publisher of the CBS.MarketWatch.com Web site.)

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