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Technology Stocks : NBCi -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Norman who wrote (79)	12/1/1999 3:55:00 PM
From: George Thompson	Respond to of 231

All, From SSB research this date: 12/01/99 General Electric (GE $130.12,1-L,Tgt $150.00) Jeffrey Sprague --SUMMARY:--General Electric--Electrical Equipment * GE's e-commerce opps. were highlighted by the creation of NBCi which merges some of NBC's major internet holdings with Snap.com and Xoom.com. * GE will own 47% of the combined co. and its purchase of $340mm in conv. securities will give it an option to eventually take majority stake of 52%. * The implied mkt. value of GE's position is roughly $2 bil although it is contributing assets that we est. had an original acq. cost of about $125mm. * On 12/13 CEO Welch is holding his annual dinner with analysts. We believe e-commerce opportunities will be a focal point of his remarks and should be a catalyst to move the stock higher. * We are raising our price target to $150 from $135 to reflect GE's solid operating fundamentals and the increasingly high profile and tangibility of its e-commerce initiatives. We reiterate our 1M rating. GEorge

To: Glenn Norman who wrote (79)	12/1/1999 4:16:00 PM
From: REH	Read Replies (1) \| Respond to of 231

I know. Poor transition as many stock holders in xmcm could not access their account or found nbci inplace of xmcm with 0 margin available. Unbelievable and off course led to problems. The ads are there but the PR and analyst push is lacking. Rumors of CNET selling out is also circulating. IMHO this stock is a great buy at todays price and after the initial mess is over we should move significantly higher. The parts going into nbci are all performing better than expected and I believe will continue to do so. So, let the PR/Ad machine spin a few days and lets listen to Jack (GE) on the 13th (analyst dinner) - tide should turn. reh