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Technology Stocks : Egghead Computer (EGGS)
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To: James H. Irwin who wrote (7077)3/10/1999 10:12:00 AM
From: Raven McCloud  Read Replies (1) of 8307
 
EGGS news from 3/9 Bull Mkt. Report.

DATA BROADCASTING AND EGGHEAD DEPARTMENT

This is a strange combination to talk about in the same breath, but one
thing they have in common is that their stocks have been lagging the recent
big gains in the market. We bought Data Broadcasting (DBCC) at $17.25 on a
Thursday in January and by Wednesday or Thursday of the following week it
had surpassed our 12-month price target of $30 and hit $50 during the day.
Many short term players jumped out in the 30's on the way up and the 30's on
the way down. It's currently at $13.50.

Egghead (EGGS) is in the same boat. We recommended it at $14 in July, it
went to $40 in November and is now at $15. We have had a $30 price target
here too.

First of all, we like both companies and stand by our price targets. We are
long term investors and believe that both firms have solid franchises and
will be successful in the marketplace.

Short term traders listen up. First of all, you probably sold at the highs
and are long gone from the stocks. But if you are still in them, then you
may wish to decide to cut your losses, sell and move on.

Long term investors have more patience. We believe that growth in revenue
will ultimately produce substantial profits. Egghead's revenue growth is
strong and Data Broadcasting owns 38% of MarketWatch.com (MKTW) which is a
very fine site (we use it all the time) and has a piece of other firms that
may go public in the next six months. Plus their core business of providing
real time data feeds is booming. Long term investors are usually
fundamentalists and we feel that the fundamentals of these two firms are
strong.
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