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Technology Stocks : GoTo.com, promising Internet search engine -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (228)	7/4/1999 12:57:00 PM
From: Chi-X	Respond to of 977

Bullish GOTO writeup at Briefing.Com as follows. briefing.com 12:10 ET ****** GoTo.com Inc. (GOTO) 47 7/8 +11 3/8: Timing is everything. Shares of Internet search engine/advertising site continue their upward trend as the stock is up another 31.2% today after posting a 30.4% gain yesterday following the positive debut of Ask Jeeves (ASKJ 68 3/8 +3 7/16), a plain English Internet search engine. This is a good example of how a little bit of good news can go a long ways in creating a better buying environment for Internet stocks. After all, nothing fundamentally has changed at GoTo.com from the start of this week when investors could have bought the stock for as little as $22. Mind you, the stock went public at $15 just two weeks ago and quickly rose to $22 3/8 after the first day of trading. However, since its debut, the stock has been a flat-liner insofar as Internet issues are concerned, trading not much higher that $26 during this short two-week period. When the issue came public, the market was in the middle of an interest rate scare and supply of new issues were plentiful. While smart money is discriminating and will always gravitate towards sound values, sometimes issues like GoTo.com can have a hard time rising above the clutter. Yesterday's successful sale of Ask Jeeves has changed the perception about this stock, although GOTO had potential to do better on its own, had it had a more friendly and less crowded environment when it made its IPO appearance. Still, this week's trading demonstrates how quickly perceptions about a stock can change, especially when the trading environment becomes more friendly and investors have the time to distinguish between value and junk. To be sure, day-traders noticed the hidden potential in GOTO a few days ago, bidding the stock up ahead of the Ask Jeeves IPO debut. - RN

To: ChinuSFO who wrote (228)	7/4/1999 1:19:00 PM
From: Topannuity	Read Replies (1) \| Respond to of 977

To: ChinuSFO who wrote (228)	7/4/1999 2:25:00 PM
From: Stephen	Read Replies (1) \| Respond to of 977

Chinmoy, one point I should make is that there is a misconception regarding internets & higher interest rates. One of the major analysts raised this point a couple of weeks ago ... I just don't remember who it was. In any event, most of the recent IPO internets have used the proceeds of going public to wipe out debt and are holding huge cash reserves. Therefore, unlike hi-tech bricks & mortar companies that are leveraged for growth, many internets will actually benefit from higher interest rates because of their returns on their cash. Ironically, higher interest rates could turn these companies profitable before expected !. Just thought I'd mention it !!. Stephen