To: Mark Fowler who wrote (74365 ) 8/18/1999 12:56:00 AM From: H James Morris Read Replies (2) | Respond to of 164684
Mark, why would you want to short when this has just come out? >>2. Internet and Tech Stocks Company $ Change % Change Close Amazon (Nasdaq:AMZN) +10 15/16 +11.13% 109 1/4 America Online (NYSE:AOL) +2 9/16 +2.70% 97 1/2 Cisco (Nasdaq:CSCO) +3/4 +1.18% 64 1/4 CMGI (Nasdaq:CMGI) +1 9/16 +1.90% 83 11/16 Dell (Nasdaq:DELL) -5/16 -0.75% 41 1/8 Ebay (Nasdaq:EBAY) +8 3/4 +8.03% 117 3/4 Excite@Home (Nasdaq:ATHM) +1 9/16 +4.11% 39 5/8 ETRADE (Nasdaq:EGRP) +3 3/8 +12.56% 30 1/4 Intel (Nasdaq:INTC) +7/16 +0.56% 79 Lucent (NYSE:LU) -1/16 -0.09% 66 1/2 Microsoft (Nasdaq:MSFT) + 1/4 +0.30% 84 9/16 Qwest (Nasdaq:QWST) +2 1/2 +8.60% 31 9/16 Yahoo (Nasdaq:YHOO) +4 3/8 +3.25% 138 7/8 Internet Tech bellwether America Online (NYSE:AOL) announced that its membership now stands at 18 million subscribers. AOL reported that it took 125 days to reach the level, and likened the growth rate to that of last summer, when it took 133 days to add 1 million to reach 13 million subscribers. But while AOL's membership growth rate has slowed somewhat during the summer months (which was expected), its usage metrics continued to impress. Currently AOL has 1.1 million simultaneous users vs. 718,000 a year ago. Over 67 million e-mails are sent per day vs. 34 million a year ago. Over 475 million instant messages are sent per day vs. 283 million a year ago. Additionally, more than 50% of AOL accounts are online at least five days per week--29% are using the service everyday. AOL's President, Bob Pittman, said that the company plans to continue its momentum with the launch of AOL 5.0 in the fall. AOL shares were up on the positive news, closing higher by 2 9/16 (+2.70%) to 97 1/2. In other tech news, the number #2 online brokerage company, Etrade (Nasdaq:EGRP), announced that it would team up with Reuters' Instinet to provide online investors access to after hours trading. Beginning in September, Etrade customers will be able to trade between 4:00 PM - 6:30 PM EST. Etrade shot up on the news, closing up 3 3/8 (+12.56%) to 30 1/4.<<