Tig: Thanks for your efforts. I appreciate the update. IMO, it sure cannot hurt to email the company management or CNBC...NETP needs more visibility and I believe it will come soon. I would love to see another Paul Allen investment or a BIG deal with a major portal <GG>...I'm going to be patient for now. In the last week I have really enjoyed the buying opportunities.
Best Regards,
Scott
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FYI....
<<FOCUS-BancBoston, Goldman say Internets near bottom
By Ian Simpson
NEW YORK, May 27 (Reuters) - The battered Internet sector
may be close to bottoming out, BancBoston Robertson Stephens
and Goldman Sachs analysts said on Thursday.
They said the selloff was a good chance for investors to
start buying up shares in the mercurial sector.
Internet shares, one-time Wall Street darlings, have fallen
sharply in the last month. They have been pressured in part by
fears of higher interest rates, signs of stagnating use, lack
of profits at many companies and pricey valuations.
The American Stock Exchange's 50-share Internet index
<.IIX> is off almost 20 percent since late April.
"While we recognize that concerns over summer seasonality
and interest-rate fluctuations may continue to cause volatility
over the coming days, we believe the recent selloff is
overdone," Goldman Sachs analyst Michael Parekh said in a
report.
Internet shares were likely to be boosted by such catalysts
as strong second-quarter results, continued consolidation and
strong growth in electronic commerce.
"This selloff represents an opportunity to build further
positions in leadership names," Parekh said.
Among his stock picks were service provider America Online
Inc. , Web auctioneer eBay Inc. and advertiser
DoubleClick Inc. .
BancBoston Robertson Stephens analyst Keith Benjamin said
many investors seemed to have abandoned Internets,
"demonstrating capitulation that defines the bottom.
"While it is almost impossible to pinpoint the exact day of
defeat, we believe we are close enough to start becoming more
aggressive, accumulating a broader range of stocks."
In a report, Benjamin said second-quarter results could
propel the group higher.>> |
