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To: im a survivor who wrote (28212)	8/4/1999 5:06:00 PM
From: puborectalis	Respond to of 41369

What's next?......Henry Blodget, an Internet analyst at Merrill Lynch & Co., said as many as 75 Internet companies ''will be acquired or fail.'' Blodget, speaking at a luncheon, said the companies most likely to have difficulties would be ''third, fourth or fifth in their particular market segments.'' ''We expect (these stocks) to be volatile,'' Blodget said. ''If the trends slow down, we see a lot of downside from here.'' America Online Inc. declined 1 5/16 to 87 1/2, Yahoo fell 4 3/8 to 121, CMGI fell 5 7/8 to 76, Lycos fell 3 9/16 to 32 15/16 and Amazon.com lost 6 7/16 to 88 7/16. ''There's been a speculative frenzy in that area, and with the Fed possibly raising rates and money supply slowing, investors are looking for solid fundamentals, predictable cash flow and earnings streams -- and stocks that aren't as volatile,'' said Stuart Freeman, a market strategist at A.G. Edwards & Sons in St. Louis.