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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (24881)	7/5/1999 2:54:00 AM
From: puborectalis	Read Replies (1) \| Respond to of 41369

A favorite fund of many others and of mine is the Janus Mercury Fund (1-800-525-8983), managed by Warren Lammert since its inception in 1993. Lammert has the same freedom Peter Lynch had at Magellan: He can invest in pretty much anything he wants, often sticking as much as 30 percent of his fund in overseas stocks. Currently, U.S. companies make up about 88 percent of his holdings, because "today I'm finding more ideas in the U.S." than anywhere else, he said. In the five-year period ended Friday, Mercury delivered an annualized return of 34.2 percent, a superior performance, while charging no front-end load and managing with a total expense ratio of less than 1 percent a year. Lammert had a bit less than a third of his fund in technology stocks as of May, with another 28 percent or so in consumer cyclicals. This is comforting, since other funds with returns similar to Janus Mercury's are much more heavily weighted in tech stocks. Like many managers, Lammert's top holding at most recent reporting was America Online Inc. (AOL), followed by Time Warner Inc. (TWX).

To: puborectalis who wrote (24881)	7/5/1999 8:28:00 PM
From: Crystal ball	Respond to of 41369

The key with AOL or STRM or GNET and 24hour/7days trading, Softbank, Instinet, i think you are right, its global market exchange creation, around the clock, and not just the after hours approach now being bantered about by NASDAQ and NYSE/AMEX etc. Interesting article, I think as all these online services provide more "features" and "content" and empowerment to the user, we will see a very different world economy emphasis E-conomy develope. Thanks. I am, Truly yours, -Crystal ball Ever check up DD on Paul Allen's "Island" Electronic Clearing Network?