BEST INTERNET STOCKS TO OWN IN 1999 Message Board

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Technology Stocks : BEST INTERNET STOCKS TO OWN IN 1999

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To: JOHN CHEN who wrote (139)	3/5/1999 10:28:00 PM
From: Jing Qian	Read Replies (1) of 471

JOHN, YHOO, EBAY and ATHM are the only 3 companies worth investing among net stocks. The reason: YHOO -- A Thin asset company. Every dollar they make goes to help out their bottom line. They keep no inventory, no delivery and thus no significant overhead to account for. In addition, YHOO has the best brand name. Everybody I know is using Yahoo. In Shanghai's Internet cafe, almost everyone I saw were using Yahoo to check emails. Next they are expanding their territory into direct marketing, premium subscription and E-commerce to increase revenues. With their excellent brand names, they can easily extend themselves to Yamazon.com and Ybay.com. Yahoo is one of the few net stocks that has managed to make money. eBay -- Similar to Yahoo a thin asset company. No debt no inventory no delivery. All they do is to be middle man of bidders and sellers. They make money on every transaction. Every dollar they make goes to their bottom line too. They have much less advertising overhead than AMZN which must sell things to make money. eBay is more than a web site. It is a virtual community that every body goes to. And eBay is quietly changing the culture of this society. Rather than hosting a garage sale on a sunny weekend, people now can now host their garage sales on eBay' site. Thus, I call eBay the global garage sale market of the 21st century. Today's 18 rise is not without reasons. ATHM -- No need to explain why it's good. I think it's vision thing. They may drop like rocks. If their fundamentals don't change, they will rise back up like rocket. I am a buy and hold type. I only invest in companies that I believe they will be around in 5 years. And I will hold them for at least 5 years.

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