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Technology Stocks : WAVX Anyone? -- Ignore unavailable to you. Want to Upgrade?

To: Golf3 who wrote (8040)	7/9/1999 7:40:00 AM
From: Tony McFadden	Respond to of 11417

It's a "commentary"... The section referring to WAVX: Sign of the Times You know we live in extraordinary times when an analyst following a basket of Internet commerce companies refers to the "modest" gains of 7.1% for this sector in the month of June. Earth to Bill Burnham, e-commerce guru for Credit Suisse First Boston: An annualized return of 85% is not "modest." Burnham, a savvy observer and promoter of the e-commerce "space," begs to differ. "Relative to what it usually does, that's modest. Trust me," says Burnham, adding that his Electronic Commerce index, which includes June winners VeriSign (VRSN:Nasdaq) and Broadvision (BVSN:Nasdaq), and losers like Checkfree Holdings (CKFR:Nasdaq) and Wave Systems (WAVX:Nasdaq) -- frequently rises or plummets 20% to 30% in a month. "Anything less than 10%, plus or minus, is below the noise level." And people wonder if investors have gotten unrealistic expectations about investing in tech stocks. Tony