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Technology Stocks : Internet Guru Discussion -- Ignore unavailable to you. Want to Upgrade?

To: steve harmon - analyst who wrote (2382)	8/8/1999 6:09:00 PM
From: mike.com	Read Replies (1) \| Respond to of 4337

iatv - actv to me holds promise in the expected world of converging media (tv & web) but in times of a market downswing stocks that are more forward oriented tend to get hit the hardest investors stop believing in hope and want a today play Steve, I agree. It seems the fastest growing companies and the ones with the most promise are the ones getting hit the hardest and giving long term investors an extraordinary chance to buy these stocks at levels they may never see again. I suspect that fund managers who missed the first run of the internet stocks will soon be gobbling up the shares as they come down to "reasonable" levels. IATV now sits right near its 200 day moving average, and it hasn't come this close since it broke out at the beginning of the year. When Liberty Media made its investment in ACTV at the beginning of the year they essentially valued the shares at $10 - having offered 100 million for a 25% stake (actually a little more than 10 based on the current 36 million shares outstanding). But a lot has happened since the beginning of the year and as the rollout of ACTV's revenue generators occurs, it will soon become apparent how valuable this company will become. Investors getting in now will be well rewarded in the years to come. Also, there was a great article in todays Newsday that was posted over on the ACTV thread. Definitely worth a read: Message 10866272

To: steve harmon - analyst who wrote (2382)	8/8/1999 8:26:00 PM
From: mike.com	Read Replies (1) \| Respond to of 4337

Steve, just for comparison sake I added IATV to your index of net stocks: techstocks.com It's done quite well this year despite being nearly 60% off its high. I keep telling myself that the previous high flyers are also the ones to come back the fastest in a good market environment. I don't think the current funk the market is experiencing will last. So far it's been a typical summer tech meltdown on low volume fueled by interest rate jitters. I doubt the market will rise as dramatically as it did last October but I still think the bull market is intact.