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To: RTev who wrote (10355)7/26/1999 10:59:00 PM
From: Susan G  Respond to of 28311
 
From CBS Marketwatch:
Around the Web . . .

The popular image of America's two wealthiest men, Bill Gates and Warren Buffett, is a compellingly dichotomous one. One's youngish, and one's oldish; one's a software titan from the Pacific Northwest, and the other's a veritable technophobe based in Nebraska. But Internet Wire argues that the man who cuts the most fascinating figure atop this mountain of money is No. 3, Paul Allen. Allen, who founded Microsoft (MSFT: news, msgs) with Gates, merits attention, Internet Wire argues, because of "what he's done and continues to do with the rest of his resources by way of his Vulcan Ventures investment vehicle." Sure, Buffett's Berkshire Hathaway (BRK.A: news, msgs) is diversified, but Allen's breadth of investment is jaw-dropping. He's sunk money into Metricom (MCOM: news, msgs), Northpoint Communications (NPNT: news, msgs), Priceline.com (PCLN: news, msgs), Beyond.com (BYND: news, msgs), Drugstore.com, CNet (CNET: news, msgs), Ziff-Davis (ZD: news, msgs) and High Speed Access (HSAC: news, msgs), to name a few. How much power has he amassed? Internet Wire suggests that Allen's investments in media convergence vehicles could eventually place him into direct combat with Internet behemoth America Online (AOL: news, msgs). Presumably, Allen's Microsoft co-founder wouldn't mind watching that battle.

Full story
internetwire.com