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Technology Stocks : EARTHLINK (ELNK) -- Ignore unavailable to you. Want to Upgrade?

To: ahab who wrote (1581)	7/19/1999 2:26:00 PM
From: Sarkie	Read Replies (1) \| Respond to of 2553

Earthlink's Dayton is anti-TV cbs.marketwatch.com LAGUNA NIGUEL, Calif. (CBS.MW) -- EarthLink Network founder Sky Dayton blasted his fellow Web executives, telling an Internet Summit '99 gathering "TV is not a model we should emulate, ever." Dayton, EarthLink (ELNK: news, msgs) chairman at age 27, told about 500 executives in Southern California that their goal of making Internet use as easy as watching television is flawed. "AOL's approach is to dumb down the Internet experience," Dayton said about America Online(AOL: news, msgs). "People actually aren't dumb." Dayton's criticism of AOL and other Web companies that seek to introduce the Internet to masses of people with little more than a remote-control television changer was well received. The 'Net Summit conference, run by Industry Standard magazine, continues through Tuesday. See Web auction. As 25 new companies prepare to flood the market for initial public offerings this week, CEO David Wetherell of Internet holding company CMGI Inc. advertised his portfolio of probable IPO's. CMGI (CMGI: news, msgs) recently said it would take a controlling stake in Compaq Computer's AltaVista search engine. Wetherell said CMGI owns stakes in 40 Web-oriented companies and said he is busy "creating a mega portal for the consumer." One collection of those companies, Icast, will combine content and consumer services for businesses such as shopping.com, furniture.com and myfamily.com, a Web site that is registering 10,000 users a day, he said. "We believe the largest broadcast company will be on the Internet, and Icast will be that company," he said. Another business, thingworld.com, hopes to create "a scarcity value" by auctioning limited numbers of audio and video clips to Web consumers.