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Technology Stocks : Ariba Technologies (Nasdaq-ARBA) -- Ignore unavailable to you. Want to Upgrade?

To: Patsy Collins who wrote (614)	12/14/1999 8:30:00 AM
From: sam	Read Replies (1) \| Respond to of 2110

Amerindo's Vilar on Internet Stocks: U.S. Stock Market Comment New York, Dec. 13 (Bloomberg) -- Following are comments on the outlook for Internet-related stocks in 2000 from Alberto Vilar, the president and founder of the $513 million Amerindo Technology Fund, which has soared 238 percent year-to-date. ''It's reasonable that stocks could continue'' to rise through the end of 1999, said Vilar. ''But I think we could see a correction towards the end of the first quarter or the beginning of the second quarter.'' Vilar said the decline in Internet-related stocks would be less than 50 percent and it would allow investors to buy the largest companies, such as Yahoo! Inc., at lower prices. ''The big guys will get bigger,'' Vilar said. ''You need to be buying on a correction.'' Vilar added that companies such as Ariba Inc. will continue to gain throughout 1999 and into 2000. ''There's an opportunity for Ariba to go up significantly from here,'' Vilar said. ''It's in a fabulous area.'' Ariba, a maker of software to process online purchases, has climbed 920 percent since it first sold shares to the public on June 22. Yahoo, the largest Internet search and directory service, has returned 259 percent so far this year. As of June 30, the Amerindo Technology Fund owned 125,000 shares of Yahoo and 144,500 of Ariba. Vilar said Amerindo recently bought Akamai Technologies Inc., Ask Jeeves Inc. and CMGI Inc. for the firm's portfolios. Akamai provides software to businesses that speeds the delivery of content over the Internet. Ask Jeeves is an Internet search provider and CMGI is an Internet venture capital company. ''Over the next five years, I expect that 80 percent of all shareholder wealth created from the Internet will be generated by the business-to-business sector,'' he said. quote.bloomberg.com