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

To: stan b who wrote (1637)	8/3/1999 12:09:00 AM
From: uu	Respond to of 2553

AOl has a market cap of 100+ billion, MSPG has a market cap of 2.1 Billion, and ELNK (at $45/shr) has a market cap of about 1.5 Billion. Now assuming Wall Street views these 3 companies as the representative of the ISP market, one can safely conclude that ELNK is the most undervalued stock of them all. All 3 companies have had a 55%-60% increase in revenue, and with the exception of AOL the other 2 continue to lose money at the same rate. However the market cap does not seem to reflect the 3 in the same manner (eventhough the fundamentals look the same for all 3 companies). In my view ELNK will most likely drop to the $37 range or a market cap of about 1.1 billion before heading higher to the $75-$80 range and possibly $100 by the end of the year (if not sooner). The only reason stock is dropping at this time is voltures shorting the stock and the overall usual summer sell off of internet stocks. As much as I get depressed for every 1/8 drop in the stock price causing my investment in the stock to drop dramatically, I am going to buy more at the $40 level. Fundamentals have never ever been better for ELNK despite tough competittion and the overall jitters in the ISP market. On a highly specultive basis, I would think ELNK seems to be getting closer and closer to Apple and distancing itself from the PC makers (such as gateway, and/or the recent soap opera with Microworkz). I will not be surprised to wake up in the morning (sometime soon) and hear CNBC saying Apple intends to buy ELNK at $90/shr! Wishfull thinking? Perhaps. But then again stranger things have happened in this crazy market! Regards,