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To: dbblg who wrote (86066)12/3/1999 6:25:00 AM
From: KeepItSimple  Respond to of 164684
 
>but I am utterly lost as to what the bear case on it is.

Valuation. Lack of profits. Take your pick! Are you aware that Yahoo would have been in the red last quarter if it were not for interest income?

Or are you just saying you fundamentally cannot fathom that a stock could be in the grips of a financial mania and move upward solely on momentum and mass delusion of retail investors?



To: dbblg who wrote (86066)12/3/1999 7:56:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Media Metrix Finds That Traffic to Toy Web Sites Nearly Doubles During Thanksgiving Week This Year Versus Last Year

NEW YORK--(BUSINESS WIRE)--December 3, 1999--

Media Metrix Releases the First Year-To-Year Comparisons for
Holiday Shopping: "Bricks and Mortar" Web sites increase 45 percent
and Toy Web sites increase 99 percent from year to year

Media Metrix (NASDAQ: MMXI) today released the first year-to-year
comparisons of e-commerce site traffic, showing a 99 percent increase
in traffic to toy Web sites, a 45 percent increase to "bricks and
mortar" sites and a 28 percent overall increase in the top 10 sites
during the week of Thanksgiving this year versus last year.

Toy sites, in particular, were heavily trafficked during the week
of Thanksgiving. Toysrus.com led the pack, surpassing Etoys.com as one
of the first bricks and mortar sites to overcome a pure-play Internet
competitor.

Top 5 Toy Sites for Week-ending November 28, 1999

with year-ago comparisons

THIS YEAR LAST YEAR % DIFFERENCE

Unique Visitors (000s) Unique Visitors (000s)
----------------------------------------------------------------------
Week ending 11/ 28/99 Week ending 11/29/98

1 Toysrus.com 1,591 350 355%
----------------------------------------------------------------------
2 Etoys.com 1,386 909 52%
----------------------------------------------------------------------
3 Kbkids.com 577 N/A N/A

4 Toytime.com 302 N/A N/A

5 Familywonder.com 190 N/A N/A

Bricks and mortar sites have also increased significantly from
year-to-year (45 percent), with Toysrus.com surpassing
Barnesandnoble.com, the leading bricks and mortar site last year.

Top 5 "Bricks and Mortar" Sites for Week-ending November 28, 1999

with year-ago comparisons

THIS YEAR LAST YEAR % DIFFERENCE

Unique Visitors (000s) Unique Visitors (000s)
----------------------------------------------------------------------
Week ending 11/ 28/99 Week ending 11/29/98

1 Toysrus.com 1,591 350 355%
----------------------------------------------------------------------
2 Vitaminshoppe.com 1,191 N/A N/A

3 Barnesandnoble.com 1,169 1,151 2%
----------------------------------------------------------------------
4 Kbkids.com 577 N/A N/A

5 Jcpenney.com 381 128 198%
----------------------------------------------------------------------

Overall, traffic to the top 10 e-commerce sites for the week of
Thanksgiving this year was 28 percent greater than traffic to last
year's top 10 e-commerce sites for the same period. Maintaining their
position as e-commerce leaders, Amazon.com and Ebay.com remain in the
Number One and Two spots year over year.

Top 10 E-Commerce Sites Week-ending Nov. 28 '99

with year-ago comparisons

THIS YEAR LAST YEAR % DIFFERENCE

Unique Visitors (000s) Unique Visitors (000s)
----------------------------------------------------------------------
Week ending 11/ 28/99 Week ending 11/29/98

1 Amazon.com 4,163 2,941 42%
----------------------------------------------------------------------
2 Ebay.com 3,499 2,172 61%
----------------------------------------------------------------------
3 Toysrus.com 1,591 350 355%
----------------------------------------------------------------------
4 Etoys.com 1,386 909 52%
----------------------------------------------------------------------
5 Cdnow.com 1,246 1,159 8%
----------------------------------------------------------------------
6 Vitaminshoppe.com 1,191 N/A N/A

7 Barnesandnoble.com 1,169 1,151 2%
----------------------------------------------------------------------
8 Buy.com 1,106 265 317%
----------------------------------------------------------------------
9 Expedia 962 712 35%
----------------------------------------------------------------------
10 Shopping.Yahoo.com 929 525 77%
--------------------------------------------------------------------------------------------------------------------
*T

Definition of Unique Visitors: The actual number of total users
who visited the reported Web site or online property at least once in
the given month. All Unique Visitors are unduplicated (only counted
once) and are in thousands.

About Media Metrix

Media Metrix, Inc., the leader and pioneer in Internet and
Digital Media measurement, is the industry's source for the most
comprehensive, reliable, and timely audience ratings, e-commerce,
advertising and technology measurement services. Through its
acquisition of AdRelevance, an innovator in Internet advertising
measurement, Media Metrix has expanded its product offering to include
comprehensive data on where, when, how and how much Web marketers and
their competition are advertising online.

Media Metrix provides leading advertising agencies, new and
traditional media companies, e-commerce marketers, financial services
companies and technology companies with comprehensive coverage of all
Digital Media (including more than 21,000 Web sites and online
properties). Media Metrix utilizes its patented metering methodology
to measure actual Internet and Digital Media audience usage behavior
in real-time - click by click, page by page, minute by minute. Media
Metrix offers monthly, weekly, and daily data collection and
reporting, and a sample of more than 50,000 people under measurement
in the United States. Media Metrix has worldwide operations in the
U.K, France, Germany and Australia. For more information about Media
Metrix, please visit: www.mediametrix.com.

CONTACT:

Michelle Beilsmith

Media Metrix, Inc.

212-515-8737

mbeilsmith@mmxi.com

or

Max Kalehoff

Burson-Marstellar

212-614-4055

max-kalehoff@bm.com



To: dbblg who wrote (86066)12/3/1999 3:34:00 PM
From: GST  Respond to of 164684
 
Toysrus.com beats out EToys.com
Bricks-and-mortar brands gain ground in crucial week

By Steve Gelsi, CBS MarketWatch
Last Update: 11:20 AM ET Dec 3, 1999 Commentary
Letters to the Editor

NEW YORK (CBS.MW) -- Bricks-and-mortar brands, long the butt of jokes from the Web-savvy, are striking back.

At least that seems to be the case according to a new Media Metrix survey of e-commerce sites for the Thanksgiving shopping week.



Case in point: Toysrus.com (TOYS: news, msgs), which has faced its share of inner turmoil as well as external ridicule from Internet mavens, is rocking out.

In its first year-over-year comparison of e-commerce Web site traffic, Media Metrix (MMXI: news, msgs) ranked Toysrus.com (TOY: news, msgs) No. 1 in the toy category with 1.6 million unique visitors for the week ending Nov. 28, up 355 percent from 350,000 in the year-ago period.

The toy giant caught up to and passed online rival EToys (ETYS: news, msgs), which drew 1.4 million unique visitors, up 52 percent from last year's 909,000.

Overall, bricks-and-mortar brands saw a 45 percent increase in visitors vs. 28 percent overall in the e-commerce arena.

Not cheap

Whatever success these folks are seeing, it's not coming cheaply.

Barnesandnoble.com (BNBN: news, msgs) acknowledged a loss of $8.7 million in its Internet business last quarter, a pricey tab for its apparent gain on Amazon.com (AMZN: news, msgs). But Amazon is still way ahead with 12.1 million visitors for October vs. about 5 million for Barnesandnoble.com.

Toys "R" Us didn't break out any financials in its latest quarterly report, but it noted a lot of costly improvements, such as front-end design, back-end Web servers, and alliances with America Online (AOL: news, msgs), Yahoo (YHOO: news, msgs) and others. The company also launched an ad campaign for their Web brand.

Sure the Media Metrix results only reflect one week of sales. And Web-only brands -- Amazon.com and Ebay.com -- still hold the No. 1 and No. 2 e-commerce slots on the Web with 4.1 million visitors and 3.5 million visitors, respectively.

But you can't dismiss the bricks-and-mortar brands any more now that Toysrus.com is in the No. 3 slot with its 1.6 million visitors.

Sure it took a while for them to finally get it, and they may indeed be spending way too much money, but at least they're getting some results.

Steve Gelsi is a reporter for CBS MarketWatch.





To: dbblg who wrote (86066)12/3/1999 3:47:00 PM
From: GST  Read Replies (2) | Respond to of 164684
 
The bear case on all net stocks is straight forward and rests on two main points: (1) These stock are priced based on the notion that their growth rates are sustainable, which is, at best, a very risky bet, and at worst, is enough to make you laugh till your stomach hurts. (2) Net firms have bet the farm that profitability can be achieved if you blow a huge wad of cash to 'get there first' and colonize your part of cyberspace real estate -- again, a very, very dicey proposition in the long term. Given the very high and very real risks that neither of these assumptions will hold true for most, if any, of these companies, they do not deserve to be valued as if infinite growth AND eventual fat margins are a 'sure thing' -- and that is precisely how they are 'valued' now. They are what they are -- a crap shoot where the only sure winner is the house. Flip them, kick them, use them and abuse them -- I really don't care. But tell me they are great 'long term holds', or tell me that they have 10x return left in them, or that they are 'great values' -- say any of these things and I will beg for mercy to avoid hurting myself from the pain of uncontrollable laughter.