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To: JSB who wrote (8091)	6/28/1999 7:57:00 AM
From: Dale Baker	Respond to of 118717

A former long play here, NETS, may be worth watching for a brief short play. It is under consideration for addition to the Russell index, and there is talk of a CMGI investment. The former wouldn't be that big a deal while the latter doesn't sound very plausible. Since Kenneth Weiss (of TRTC fame on this thread in 1997) is pushing the CMGI rumor I am very skeptical. I will have NETS on my watch list.

To: JSB who wrote (8091)	6/28/1999 8:15:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

Looks like the Internut IPO flood is far from over: June 28, 1999 Heard on the Street Internet.com's IPO Illustrates A Name Doesn't Mean Success By TERZAH EWING Staff Reporter of THE WALL STREET JOURNAL What's the perfect name for a new Internet stock? How about: internet.com Corp.? Think that would be a can't-miss hit? Well, such a stock did indeed come out on Friday. And the many companies scrambling to get "Internet" or "dot-com" into their monikers these days might have to think twice. The initial public offering in internet.com wasn't hot at all. It finished flat, at exactly its offer price of $14, in trading on the Nasdaq Stock Market. Join the Discussion: Do you think Internet companies will grow into their high valuations? * * * IPO Market Surges Toward Record Year The offering came amid the busiest week ever for Internet IPOs. Eleven of the 16 deals that priced last week had ties to the Net, according to Thomson Financial Securities Data, a research firm. And the pipeline this week is heavy, with more than 20 offerings set for launch. Among them: E-Loan and Women.com Networks. But several of the recent Internet deals have been duds. Indeed, last week saw the two worst first-day performances by Internet IPOs ever, with Streamline.com and U.S. Search.com plunging 24% and 23%, respectively, on their maiden voyages.