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Technology Stocks : OneMain.com (ONEM)
ONEM 16.470.0%Feb 22 4:00 PM EST

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To: Mohan Marette who wrote (430)5/28/1999 4:25:00 PM
From: Jeffrey Lee  Read Replies (1) of 614
 
DJ Ladenburg's Squali Sees Net Downturn Sparking ISP Deals

NEW YORK (Dow Jones)--The recent downturn in Internet stocks could spark some consolidation among Internet service providers, according to Ladenburg Thalmann analyst Youssef Squali.

"This new environment, we believe, will trigger a round of consolidation among Internet service providers with the clear winners being those ISPs with strong balance sheets," he wrote in a Thursday
research note.

He said Earthlink Network Inc. (ELNK), which has $350 million in cash, and Mindspring Enterprises Inc. (MSPG), which has $380 million in cash, "now find themselves in a strong financial position and
best poised to make cash/stock deals to acquire private ISPs."

He also said second-tier public ISPs, like Prodigy Communications Corp. (PRGY) and OneMain.com Inc. (ONEM), "offer good acquisition targets for first tier players."
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