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Technology Stocks : Net2Phone Inc-(NTOP) -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (410)	8/3/1999 5:46:00 PM
From: Gutterball	Read Replies (1) \| Respond to of 1556

It's not so much the "truth" according to Tony, as it is too early to know the outcome. I have no problem with keeping the door open to see if Net2Phone can become all it can be. Some, on the other hand would like to close that door. Declare it DOA. I think most will agree that its relationship with AOL is key to its success because it will give Net2Phone a competitive edge over other rivals. In contrast to AOL, N2P has greater global presence which will also add to its success. I don't expect Tony to understand the value of cheap international calls, but people in the third world do and they are the ones who will contribute to Net2Phones bottom line. I expect Tony to contribute very little, if any, to NTOP's bottom line -- we can't even call him a pissed off customer. He makes the argument that big phone companies like ATT et al will wipe Net2Phone off the globe. But when you think about it, it is these companies that are gouging the little guy in the Third World who will be lining up to use Net2Phone. In that regard, Net2Phone needs these large conglomerates to drive business their way.

To: Anthony@Pacific who wrote (410)	8/3/1999 11:02:00 PM
From: Gutterball	Respond to of 1556

Internet Stocks Down On Rate Worries PALO ALTO, Calif. (Reuters) - Several Internet stocks fell sharply Tuesday as investors, bracing for higher interest rates, sought more stable investments, analysts said. Unlike some previous downturns in the sector, which have been based on such issues as corporate performance, the latest wave of pressure was linked to broad economic issues. ''I'm convinced it's connected to the macroeconomic environment,'' said William Blair analyst Abhishek Gami. ''A lot of people are investing in these companies based on what they'll do in the future, and if higher interest rates create more attractive investments in another area, they'll pull their money away from the risky Internet sector.'' The broad downturn hit such companies as Internet portal Yahoo Inc. (Nasdaq:YHOO - news), down $6.94 to $125.38, auction site eBay Inc., off $6.88 to $84.38 and Drugstore.com Inc., down $6.81 to $38. Drugstore, which recently went public, is down from a peak of $70 just a week ago, and Amazon.Com Inc., despite moving higher late in the day, has been battered for several sessions and is now trading at less than half its 52-week high of over $221. Amazon closed up 87.5 cents to $94.875. ''There are a lot of concerns over the risk of higher interest rates and a lot of trepidation now about the employment numbers coming out Friday,'' said Dain Rauscher analyst Robert Toomey. The U.S. Labor Department will release key unemployment data for July this Friday. ''Investors are afraid if the numbers are strong, the Fed will definitely raise rates again,'' he said. Analysts said Internet stocks, many of which are losing money, are particularly sensitive to the phenomenon, since investors are highly focused on their future potential rather than their current performance. However, some said recent earnings reports did not help the case for Internet stocks. A number of companies barely met analyst forecasts and others, including Amazon and Mindspring Enterprises Inc., said they would increase already-high spending levels to grow their businesses.

To: Anthony@Pacific who wrote (410)	8/4/1999 9:26:00 AM
From: Hawaii60	Respond to of 1556

(COMTEX) B: IPO Aftermarket Performance Report B: IPO Aftermarket Performance Report Aug 04, 1999 (IPO Monitor.Com via COMTEX) Offer Stock Offer Recent Percent Date Company Name Symbol Price Price Change ------ ------------ ------ ------ ------- ------- 8/3 Bigstar Entertainment Inc BGST $10.00 $8.156 -18.4% 8/3 Splitrock Services, Inc. SPLT $10.00 $9.000 -10.0% 8/3 Quotesmith.com Inc QUOT $11.00 $9.688 -11.9% 8/3 1 800 Flowers Com Inc FLWS $21.00 $18.188 -13.3% 7/30 Biopure Corp BPUR $12.00 $8.313 -30.7% 7/30 NetIQ Corp NTIQ $13.00 $15.063 15.8% 7/30 Watchguard Technologies Inc WGRD $13.00 $11.500 -11.5% 7/30 N2H2 Inc NTWO $13.00 $9.000 -30.7% 7/30 MIIX Group Inc MHU $13.50 $17.188 27.3% 7/30 Accrue Software Inc ACRU $10.00 $10.125 1.2% 7/30 Pacific Softworks Inc PASW $5.25 N/A N/A 7/30 Aironet Wireless Communications AIRO $11.00 $9.875 -10.2% 7/30 Digex Inc DIGX $17.00 $19.125 12.5% 7/29 Continuus Software Corp CNSW $8.00 $6.000 -25.0% 7/29 Netia Holdings SA NTIA $22.00 $21.000 -4.5% 7/29 Net2Phone Inc NTOP $15.00 $20.000 33.3% 7/29 Perficient Inc PRFT $8.00 N/A N/A 7/29 Creo Products Inc CREOV $15.00 N/A N/A 7/29 Lennox International Inc LII $18.75 $18.750 0.0% 7/28 National Medical Health Card Sys NMHC $7.50 $7.438 -0.8% # # # (SYMBOL:BGST) (SYMBOL:SPLT) (SYMBOL:QUOT) (SYMBOL:FLWS) (SYMBOL:BPUR) (SYMBOL:NTIQ) (SYMBOL:WGRD) (SYMBOL:NTWO) (SYMBOL:MHU) (SYMBOL:ACRU) (SYMBOL:PASW) (SYMBOL:AIRO) (SYMBOL:DIGX) (SYMBOL:CNSW) (SYMBOL:NTIA) (SYMBOL:NTOP) (SYMBOL:PRFT) (SYMBOL:CREOV) (SYMBOL:LII) (SYMBOL:NMHC) This information is provided AS-IS, without any warranty of any kind. IPO Monitor makes no claims concerning the accuracy or validity of the information, and shall not be held liable for any errors, delays, omissions or use thereof. Copyright (c) 1999 IPO Monitor. All rights reserved. -0- * end of story *