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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (58714)	8/31/1999 1:43:00 PM
From: WaveSeeker	Read Replies (1) \| Respond to of 120523

Jenna, speaking of FATB, have you ever thought of uploading your MG manual to E-Matter and selling it over the Web? 100% royalties until 12/31/99...

To: Jenna who wrote (58714)	8/31/1999 1:45:00 PM
From: garrick le	Read Replies (1) \| Respond to of 120523

TIBX just triggered a buy. GL

To: Jenna who wrote (58714)	8/31/1999 1:48:00 PM
From: Susan G	Read Replies (3) \| Respond to of 120523

e-harmon.com's NetStock! by Steve Harmon ceo of e-harmon.com "for the internet investor" e-harmon.com ___________________________ In an interest-rate bloated and valuation-starved Internet stock market cash matters. To paraphrase Dire Straights, it's 'money for something and the clicks for free.' Or the other way around. With its $21.8 billion in cash there's no disputing that Microsoft is king of the cash pile. That's $4.27 per share in cash on hand for the software sultans of swing. But on a pure cash per share basis of the top 10 Web sites Go2Net (NASDAQ:GNET) boasts $9.63 per share, aided by its smallish number of shares outstanding vs. its peers. Said another way $50 of effective value per share trades along with this cash stash for GNET. That means most of the investors probably haven't valued GNET on an enterprise value basis, they forget the cash, some $278 million or 16% of GNET's total market capitalization. Yahoo's (NASDAQ:GNET) $551 million cash on hand (these are all second-quarter numbers) yields a $2.13 per share cash on hand. A war chest worth talking about? sure. Combine that with YHOO stock and a formidable hunter-gatherer of the Web emerges to help justify the $37 billion market cap for the Yahooligans. Yahoo has already taken down GeoCities and Broadcast.com. I think some ecommerce could be next for it as portals shift from content to commerce (if they're smart and Yahoo has been so far in the 5 years I've followed the company). A closer race in cash to cash looks like AOL (NYSE:AOL) and Amazon.com (NASDAQ:AMZN). AOL at $1.42 billion cash on hand vs. Amazon's $1.14 billion. On the other side of the coin let's see the top 10 again and which are on the low end of the cash on hand. Infoseek/Go Network (NASDAQ:SEEK), the Mickey Mouse Web operation in dire need of a dip in the capital pool from Disney. SEEK's $87 million won't even buy a season pass to Disneyland for the employees in a world where Microsoft drops 4x that to market a new flavor of Windows. If Disney wants the Web it has to pay to play, cash and marketing offline, off the Disney network, anywhere consumers are. However, Disney's marketing commitment on its properties is valuable if Disney ever starts understanding how to blend the TV and Web continuum. Lycos at $132 million cash on hand has enough of a war chest but the battle going forward to me looks like a $250 million and up foray in an all-out brand war across every medium. Outside the top 10 Web properties who has the most cash to least market cap? How about some of the beat up etailers: _________ * Egghead.com (NASDAQ:EGGS), with $109 million cash and a market cap of $240 million * Value America (NASDAQ:VUSA), $143 million cash; $516 million market cap (data according to Market Guide) _________ Despite both etailers in the margin thin category, cash is cash, especially Egghead's cash, enough to make the effective acquisition almost a no-brainer for a larger ecommerce company that could use the infusion, the customer base and the auction engine. As for Value America perhaps the value of its cash could emerge after all.