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To: Mark Fowler who wrote (86989)	12/10/1999 12:55:00 PM
From: H James Morris	Respond to of 164684

Bought El Sitio (lcto) at 26,and sold some more ppro @190. << NEW YORK, Dec 10 (Reuters) - Internet network El Sitio Inc.<LCTO.O> basked in the recent success of other foreign Internet firms, as U.S. investors boosted its stock price about 75 percent following its $16 a share initial public offering. Shares of El Sitio, which provides country-specific regional content services for Spanish- and Portuguese- speaking audiences in Latin America and the United States, climbed 12 to 28 on the Nasdaq with 3.5 million shares trading hands. The Argentine firm raised $131.2 million, offering 8.2 million shares and having the deal price above its upwardly revised expected range. Credit Suisse First Boston and Lehman Bros. were joint lead managers on the deal. It followed in the footsteps of peers including Terra Networks SA <TRRA.O> and StarMedia Networks Inc.<STRM.O> Both companies' IPOs received hearty welcomes. Terra was trading at 47-3/4 and StarMedia was at 34-1/4. After seeing the lucrative way the Internet revolution has unfolded in the U.S., investors are eager to get an early start on the revolution abroad, analysts said. "The WWW is the world. It's not just the U.S. market; it is an international market and although the U.S. is the biggest by far right now, it's not going to be the biggest years from now. There are tons of growth (internationally) down the line," said Kenan Pollack, an analyst at Hoover's Online. Jupiter Communications sees the number of Latin American online users quadrupling from 1999 to 2003, climbing to nearly 38 million from just over 9 million at the end of 1999. El Sitio had 1.6 million unique visitors in October, up from 174,800 in March. 11:52 12-10-99>>

To: Mark Fowler who wrote (86989)	12/10/1999 1:13:00 PM
From: Mark Fowler	Respond to of 164684

Jim this is nice i think they have a good shot at the trillion dollar pie. SEC filing: "FreeMarkets creates customized business-to-business online auctions for the world's largest buyers of industrial parts, raw materials and commodities. We created online auctions covering approximately $1 billion worth of purchase orders in 1998 and $630 million worth of purchase orders in the six months ended June 30, 1999. We estimate that the resulting savings for our clients ranged from approximately 2% to more than 25%. Since 1995, we have created online auctions for more than 30 clients in over 50 product categories, including injection molded plastic parts, commercial machinings, metal fabrications, chemicals, printed circuit boards, corrugated packaging and coal. More than 1,800 suppliers from over 30 countries have participated in our auctions. Our current clients include United Technologies Corporation, General Motors Corporation, Quaker Oats, Emerson Electric, Allied Signal Corporation and the Commonwealth of Pennsylvania. Two of our clients accounted for 65% of our revenues during the first six months of 1999." biz.yahoo.com