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To: BGR who wrote (48223)	6/19/1999 3:43:00 PM
From: RJL	Read Replies (1) \| Respond to of 86076

Hey, I don't deny that growth in the Internet is fantastic and will continue to grow at a very impressive pace for years to come, and yes...it is difficult to tack strict valuation models to some of these companies but it's at a point where you have stand back and say 'give me a break'. E-commerce is a big part of the future, but as I've said...we're in a mania where all a lot of people care about is the stock price. Ignore anything bad, and hype up anything remotely good when it comes to news and/or fundamentals. When this POS market finally cracks, then the real winners will be easier to target. Either way, the companies that will be around in 3-4 years are still WAY too overvalued now. Rich