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To: Glenn D. Rudolph who wrote (83300)	11/6/1999 11:05:00 AM
From: Robert Rose	Read Replies (4) \| Respond to of 164684

To the thread: Needless to say, just about all of us had a fabulous week. My portfolio is up 24% over the last 5 trading days. I'm not sure if it has ever appreciated as much in a single week. Even the week prior to 4/13/99. I don't know for sure. To provide context, the dot was up 8% this week and is at 99% of its record high set in mid-April. The iix was also up 8% to a record high 4% above its April high. However, my portfolio stands at only 85% of where it stood on April 13. At first, I attributed this fact to my being mostly out of the market during its intermediate term nadir in August. After all, as I did not want to reenter until I felt certain the bottom was in, I largely missed the move from that bottom to the point where I felt comfortable to reenter again. However, if you look at the inet generals in which I was heavily invested in April, you see that they are faring even worse than my portfolio relative to their all-time April highs: amzn 65% aol 80% ebay 55% yhoo 70% I would be interested in knowing how the inet portfolios of others are faring in relation to the dot or iix since April, now that both indices are at or above those highs. Is the lagging performance of my inet portfolio relative to these indices common? Or is it abnormal? Thanks for your input. Rob

To: Glenn D. Rudolph who wrote (83300)	11/6/1999 12:46:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Glenn, there's a bunch of stocks that I wished I'd have left alone. But a profit is a profit so one must just move on. Here's one for you. Go to Freemarkets.com. It's another B2B play. Although I wasn't impressed with their web-site the company is generating a huge amount of buzz. This time its not a west coast play, it's close to you. Pittsburg! one of my favorite cities. <<FREEMARKETS INC 210 Sixth Avenue One Oliver Plaza 22nd Floor Pittsburgh PA 15222 USA 412-434-0500 Fax: 412-434-0501 412-434-0508 Company Website EDGAR Online Filings Creates customized business-to-business online auctions for industrial parts, raw materials and commodities. CEO: Glen T. Meakem CFO: Sam E. Kinney, Jr. Filed on: 9/8/99 Ticker: FMKT Price: $14-$16 Status/Tentative Pricing: NOV11-12 SIC 7389 State of Incorporation DE Employees, Full-time\|Part-time 255 Fiscal Year-End 12/31 Revenue $7.8 Mln (FY 98) Net Income $0.2 Mln Lead Underwriter GOLDMAN SACHS & CO Est. Offering Amount 64000000 RECENT NEWS 11/1/99 The company increased its number of shares from 3,500,000 to 4,000,000. 10/15/99 The company set its price to $14-$16 and set its number of shares to 3,500,000. 9/8/99 The company filed for IPO

To: Glenn D. Rudolph who wrote (83300)	11/6/1999 1:14:00 PM
From: H James Morris	Respond to of 164684

Glenn, Buffett and Bezos. What a combination!! <<Bezos on Buffett Skeptical of Internet mania, the founder and CEO of Amazon.com is spreading the gospel according to Buffett. Patricia Sellers Warren Buffett doesn't mention the Internet on these pages. But he does talk about two other transforming industries that failed to reward investors over time: autos and aviation. Only a fool would ignore his implicit warning: A lot of people will lose a lot of money betting on the Internet. Amazon.com founder and CEO Jeff Bezos was so intrigued by Buffett's talk at Herb Allen's gathering of business leaders in Sun Valley, Idaho, last July that he asked Buffett for his lists of the automakers and aircraft manufacturers that didn't make it. "When new industries become phenomenons, a lot of investors bet on the wrong companies," Bezos says. Referring to Buffett's 70-page catalog of mostly dead car and truck makes, he adds, "I noticed that decades ago, it was de rigueur to use 'Motors' in the name, just as everybody uses 'dot-com' today. I thought, Wow, the parallel is interesting." Especially interesting to a billionaire like Bezos, who knows something about stock valuations from his previous career as a hedge fund manager. Interesting also to Bezos the history buff, who likes to talk about the Cambrian explosion about 550 million years ago, when multicelled life spawned unprecedented variation of species--and with it, a wave of extinctions. Given this perspective, Bezos says, Buffett's analogies about bankrupt businesses "resonate deeply." Now Bezos is spreading the gospel according to Buffett and urging Amazon employees to run scared every day" We still have the opportunity to be a footnote in the e-commerce industry," he says.