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To: Jon Koplik who wrote (62489)	1/16/2000 12:29:00 AM
From: Ed Forrest	Respond to of 152472

Jon I too enjoyed the intellectual jousting by the 3 heavyweights JWillie , The M man,and last but not least "The Poet".As for the rest of it,just another WWF display.Uninspiring.No winners. Cheers Ed

To: Jon Koplik who wrote (62489)	1/16/2000 3:17:00 AM
From: T L Comiskey	Read Replies (2) \| Respond to of 152472

Jon.........food fight...?...........what do you think of these apples A Wild, Profitable Ride, Again Analysts Expect Another Year of Tech Stock Gains The Associated Press P A L O A L T O, Calif., Jan. 14 ? After a wild year that left technology stock owners gleefully counting their gains, top analysts say 2000 should be just as profitable. However, the bulls and bears agree that investors that should expect some volatility during the next few months. ?We?ll have a period of shakeout, and after that shakeout everything will be great,? said analyst Chris Nawn of Technology Crossover Ventures, a venture capital firm. The average technology stock fund rose 130 percent last year as the Internet revolution boosted companies selling everything from semiconductors to online security. Analysts who gathered late Wednesday for an annual high-tech stock outlook meeting said corporate predictions of continued booming business bode well for high-tech stocks. Online providers are planning on Internet traffic doubling every 100 days, computer makers are planning to ship a record 140 million units this year and biotech firms expect about 100 new drugs to receive federal approval. Not All Tech Stocks Alike These types of outlooks make high-tech investors giddy. ?I put myself in the extremely foolish, if not bullish, side of the market,? said Keith Benjamin, who was Robertson Stephens? leading Internet analyst until he joined Highland Venture Partners as an investor three months ago. Despite his optimism, Benjamin warned that all tech stocks are not alike. ?Given the volatility of the market, it is increasingly important to be selective,? he said. Eric Upin, an e-commerce analyst with Robertson Stephens, said companies in his sector ? including VerticalNet and Internet Capital Group ? are particularly well-positioned this year. ?Why are we convinced? We are talking about rewiring the topology of many industries and about addressable markets in the tens to hundreds of billions of dollars,? he said. ?That?s why we have seen such enthusiasm. And we feel it is still very early.? California Technology Stock Letter analyst Michael Murphy ? generally considered more skeptical than most tech stock analysts ? joined his pundit colleagues in their positive 2000 outlook. ?I think there could be a good buying opportunity here in March or April, and I think it?s going to be a pretty good year,? he said. Murphy recommended that investors consider buying shares of data management firm Informix, subscription managers Rowe.com and the online trading company ETrade Group. Is Amazon.com Still a Tech Darling? Murphy echoed analysts around the country when he warned against Amazon.com, once a darling of technology stock traders, but trading this week around $64, almost half of its peak price of $113 last year. ?This company just never seems to make any money,? he said, chastising Amazon CEO Jeff Bezos for spending too much money on marketing. Venture investor Nawn argued with Murphy about this critique. ?You just don?t get it,? he said. ?They?re in investment mode. In the end, all that marketing is going to turn into real earnings.? Nawn also recommended America Online, which just announced a blockbuster merger with Time Warner. ?It?s game over,? he said. ?They win. Nobody else can ever win. They own the market.? Fund managers said Internet stocks are a sensible addition to a portfolio, but not a portfolio unto themselves. Paul Cook, lead portfolio manager for The Munder NetNet Fund which has $2.7 billion in assets, recently warned investors to limit their Internet shares to 10 percent. ?Frankly, much of the Internet?s promise is unknown,? he said.