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Technology Stocks : barnesandnoble.com (BNBN) -- Ignore unavailable to you. Want to Upgrade?

To: Stephen who wrote (469)	7/8/1999 1:31:00 AM
From: E. Taylor	Read Replies (2) \| Respond to of 766

I agree at this level BNBN is a very good buy. I'm slowly taking small position, to get ahead of the winter holiday season. If the economy stays healthy, this company should make a lot of money online. I'm impressed with Amazon. I've ordered from them, they are very quick to deliver, and to correct any problem. I'm also impressed with Barnes and Noble's Customer Service in their stores. If they can bring that online, and I think the can, or I would not be buying their stock, this is going to be a profitable venture. ET

To: Stephen who wrote (469)	7/9/1999 11:30:00 AM
From: Stephen	Read Replies (1) \| Respond to of 766

Did Steve Harmon read my post ???(GG) 206.253.196.11 Morning Report Fri Jul 09 Elemental: 7 Essential Net Investment Elements By Steve Harmon Senior Investment Analyst internet.com "Where Wall Street Meets The Web" When it comes to Internet stocks many investors come into the arena without enough clues to unearth the value or lack of it, to separate hype from hope, execution from executioner. In the spirit of providing a basis for approaching Internet stocks I generated this handy table that, while no means comprehensive, offers the 7 things I believe must be considered when looking at an Internet stock. Here's some of my elementary elements, essentials: Steve Harmon's 7 Essential Elements In An Internet Investment: market potentiallook for huge markets, example: postage (stamps.com (NASDAQ:STMP - news) which globally is a multi-hundred billion dollar marketmanagementhas this group had success in the past or are they a complementary team, do they have the vision, strategy, execution, mix of talent to realize the market potential -- and appropriate incentive for all? example: Yahoo! (NASDAQ:YHOO - news) growthis growth in users, page views, reach, sales, alliances, partners, employees, earnings (or narrowed losses), moving at a viral pace both internally and externally (acquisitions) quarter-on-quarter and year over year? example: eBay (NASDAQ:EBAY - news) , Lycos (NASDAQ:LCOS - news) category leadershipis this firm the pioneer setting the tone for the entire sector, does it have a substantial mindshare lead or market lead vs. rivals? can it dictate the category moves? example: AOL (NYSE:AOL - news) valuationwhat is the stock trading at on a revenue multiple basis vs. peers? what is the overall market capitalization vs. peers and offline rivals (if any)? what are the valuation per user/customer/page view and revenue per user/customer/page view? what are earnings or potential earnings and when? what is valuation relative to other Internet stocks, offline stocks and to market potential? example: Amazon (NASDAQ:AMZN - news) vs. barnesandnoble.com (NASDAQ:BNBN - news) vs. Wal-Mart (NYSE:WMT - news) vs. Web etail sales vs. offline retail sales?flexibilitycan this firm switch gears and chart new courses if the market they're in changes course or dries up? example: Microsoft (NASDAQ:MSFT - news) embracing the Internet corporate wide or Egghead.com (NASDAQ:EGGS - news) shutting its brick and mortar stores to be 100% Web-based; the search engines-turned media companies, portals.barriers to entrydoes the firm have any sustainable advantage in one of several key areas: technology; first to market advantage; better user experience, substantial partnerships; key expertise; installed base of user/clients/customers; brand awareness; cash on hand; capitalization (attractive stock as weapon for buyouts, etc); superior management; exclusive contracts with key partners. Example? Broadcom (NASDAQ:BRCM - news) , RealNetworks (NASDAQ:RNWK - news) please feel free to copy this table for future reference, with attribution in place Stephen