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To: Ruffian who wrote (67082)	2/16/2000 2:40:00 PM
From: Uncle Frank	Respond to of 152472

Grrrrr. That damned Cramer again. Mr. 2%. Remarks like that make me happy to see his how his personal fortune is faring: finance.yahoo.com and NEW YORK (Reuters) - Financial news Web site TheStreet.com (NasdaqNM:TSCM - news) confirmed on Wednesday it hired investment bank Wasserstein Perella & Co. to explore strategic partnerships. ``This is a very dynamic business environment, and it is essential that we continue to monitor the strategic landscape,' TheStreet.com Chief Executive Thomas Clarke said in a statement. ``We have retained Wasserstein Perella & Co. to help us in that process.' He said the bank would help explore ``strategic partnerships and other transactions in order to help grow the company.' A TheStreet.com spokesman declined to comment on whether those partnerships include a sale or who a potential buyer might be. Shares were trading at 16-15/16, up 15/16 in midday trading on Nasdaq, touching an intraday high of 18-1/2, its highest level since Jan. 28. ``It's not illogical,' FAC/Equities analyst Joel Krasner said of a possible sale of TheStreet.com. ``Their shares have not done well since their initial public offering. But they are a viable business that could make sense for a larger media company or an online property. They could eliminate duplicate expenses and make the company more profitable.' TheStreet.com shares traded as high as 71-1/4 on the day of its debut in May but have steadily eroded since then. They stood at 16-3/4 on Wednesday afternoon, up 3/4. The company posted a loss of $9.1 million, or 47 cents a share, in the fourth quarter, well below the consensus estimate of a 41-cent loss, as compiled by First Call/Thomson financial. Its CEO Kevin English left the company in November after only a year in that post. Krasner noted that the company, which charges a subscription fee for access to its news services, had trouble competing with other sites that were giving away news for free. In January, the company said it would start making its news on the flagship thestreet.com free, and would charge for premium services on new sites such as RealMoney.com. ``The company continued to add subscribers,' Krasner said. 'But the decision was admission...that they could do more with an advertising model than a subscription model. In a larger organization, that advertising model becomes even more attractive.' cuf