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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV -- Ignore unavailable to you. Want to Upgrade?

To: wlcnyc who wrote (5786)	8/1/1999 7:36:00 PM
From: art slott	Respond to of 13157

Two opposing valuation view points. No matter who ends up being right it, it makes ACTV look extremely cheap based on what I presume will unfold in the relative near term. news.excite.com Updated 12:14 AM ET August 1, 1999 By Pierre Belec NEW YORK (Reuters) - Here's an investment strategy that would keep Federal Reserve Chairman Alan Greenspan tossing and turning at night: 10 percent gold and the rest in Internet stocks. Sounds crazy? Yes. But this is a Brave New World and people's ideas of investing for their old age are indeed revolutionary. James Dines, publisher of the Dines Letter, is crazy about Internet stocks. "This is the real thing," he said. "My vision has been of tremendous bullishness on the Internet, which is where the fortunes are going to be made," said Dines, an original "Internet bug." Dines does not think the Internet sector is a giant bubble ready to burst, even though some stocks have soared more than 1,000 percent at the blink of an eye. "The technology is the future and it's starting to branch out to Latin America, China -- and the growth is going to be unbelievable ... the ability of the entire world to communicate instantaneously, practically free, has a potential that frankly blew our minds," he said. Dines believes the Internet will eventually take some of the play away from the nation's biggest blue-chip companies. The problem with the skeptics is that some people can't see the future because they are trying to evaluate the Internet in terms of what happened in the last 100 years, he said. But some Wall Streeters worry that investors may be going overboard on the fast-paced industry, and there is a risk that a crash climate could be forming. Fed chief Greenspan has warned that investors may be foolishly bullish about stocks, and that a sudden market reversal could destroy a lot of the wealth that has produced annual double-digit market gains for almost five years. One market strategist thinks that the Internet is just a fat speculative bubble that is just waiting to blow up and drag the rest of the market into the dumpster. Raymond DeVoe Jr., market strategist for Legg Mason Wood Walker, sees classic signs of trouble in the high-flying Internet sector. He says Internet stocks that have recently been offered to the public should be renamed "Crash.Com."