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To: Rarebird who wrote (49257)	2/17/2000 2:28:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116756

Page 1B Bear stages sneak attack on Net stocks Nasty swipe bursts bubble, leaves e-stocks bleeding By Matt Krantz and James Kim USA TODAY Time to face the hard truth: The Internet bubble has burst. The carnage is easy to miss. After all, a steady stream of Internet companies are still selling stock to the public; many still double, triple or more on their first day of trading. And the USA TODAY Internet 100 index is up 72% from its inception last June. For the year, it is up 6%. But dig deeper, and the landscape gets ugly fast. On average, each stock in the Internet 100 is down 38% from its high, which by even the most optimistic definition qualifies as a bear market. Throw out companies such as Cisco and Broadcom that serve other companies -- the currently hot business-to-business sector called B2B -- and it's very clear just how much some Internet investors are suffering: The USA TODAY e-Consumer 50, a subindex focused on popular firms that primarily serve consumers, is down 16% for the year and 24% off its high.(cont) usatoday.com