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To: Guy E. Fleming who wrote (1462)3/5/2000 9:30:00 AM
From: Guy E. Fleming  Respond to of 3070
 

***To All ***

Well Known Internet Analyst Blodget Predicts Majority of Web Companies Will Go Bankrupt -- But Positive Comment On INSP (see final paragraph below)

P.S. Sorry to post something like this after all the "informative" posts from SPYTRDR and his buddy.:)

7:33 a.m. ET (1233 GMT) March 3, 2000
By Beth Piskora NEW YORK ? The Internet's biggest bull just turned into a big bear. Merrill Lynch's Henry Blodget became one of Wall Street's best-known analysts by making outlandish predictions about Internet stocks.
For example, Blodget forecast that Amazon.com's stock could hit a price of $400 at a time when it was only trading for only $240 per share.
But yesterday, Blodget changed his tune, predicting that the vast majority of Internet companies will be bankrupt within five years.
Of all Internet companies, "75 percent will disappear within five years, and 75 percent will never make money, or sell themselves," Blodget said at the Silicon Alley 2000 Internet conference.
He declined, however, to predict which companies would survive and which would die.
For investors, Blodget advised a scattershot approach to investing in the Internet sector, in hopes that one or two "home runs" would provide enough gains to offset losses from the other holdings.
But he also warned that newcomers to Internet investing may be too late, comparing the phenomenon to the Gold Rush of the 1800s.
"Ultimately, the real latecomers find they are buying piles of dirt," he said.
He said that since 1995, the industry has grown from one Internet company, America Online, with a total market value of $1 billion, to more than 300 companies with market capitalization of $1 trillion. But looking into the next five to 10 years, Blodget expects the flow of capital to slow.
Those bearish comments were taken to heart by shareholders in Internet stocks, most of which moved lower yesterday.
The Nasdaq composite index, where many Internet stocks trade, fell 29.57 to 4,754.51, its first down day this week.
But Blodget reserved some of his speech to make bullish comments on a select handful of Internet stocks, which responded by rallying in a big way.
Blodget said, for example, that there's good value in wireless, business-to-business and Internet infrastructure stocks such as Ariba Inc., which rocketed $19.81 to $299.69, and Infospace.com, which traded up $23.06 to $261.06. All stock quotes are as of the 4 p.m. close (Thursday).




To: Guy E. Fleming who wrote (1462)3/5/2000 12:03:00 PM
From: Glenda King  Respond to of 3070
 
Guy,

<<Almost missed your message with all the litter.>>

The ignore feature is the best feature of SI. I first used
it on this very board a couple days ago. Now all the garbage
posts are ignored, while the informed posts and news sticks
out like a sore thumb! Try it...

Glenda



To: Guy E. Fleming who wrote (1462)3/5/2000 4:24:00 PM
From: 10K a day  Respond to of 3070
 
Press releases appear incredibly HOLLOW?
Lots of name dropping.?
Lots of buzz words.?
Very Vague.?
Where is the Beef.
I'm Questioning Big Time P P P P ,,,,,UZi Scheme.
25 billion dollar Puh puh puh scheme?
insiders drop a cool Billion of STock ?
on the open market in the last year....!!
Hello...?
Laughing and listening to the Fluff...?
company advertised itself as a Portal for the longest time?
when portals were hot...?
Before that...advertised itself as a search...?
when searches were hot....?
advertise itself as a wireless solution to to ALL THE PAIN..?
and dissatisfaction on the PLANET...?
I think they offer a cure for cancer next...?
Probably have the breakthrough in GENE mapping coming soon.....?
I think Jane you're playin' a Game....
About to End world hunger...?
I think Jane you're playin' a Game...
About to Sell a Pig in a Poke to a Bunch of Suckers willing to Believe anything that someone tells them...?
Jane You're playin' a Game...
doesn't care...?
he already sold a ~ A hundred million in stock...
He doesn't care...?
This is All GRavey...?
This is all just Frosting...
NObody cares any more...?
People are up 4000 percent...
do you think they care if it falls 50 percent ?
and are only up 2000 percent...?
my gosh man...25 billion market cap...?
that's twice the market cap of @HOMe !
that's 4 billion market cap higher than AMAZON !
and they did 1.64 Billion in Sales last year....!
That's nearly one third the Market cAp of Yahoo...
and i'm sorry Mr President..
But this ain't no Yahoo....!!
I don't care what anybody says...
Do you think that INSP benefits by
having the YAHOO boards blown out.
Do you think anybody benefits...
do you think that the boards going down ...
causes one company to prosper
I don't think so..
I think Yahoo having problems...
signals everybody having problems....
Tough to transition from a 30-50 Million dollar company to a MEGA billion dollar company...
Just ask Cisco...
you get in to all those employee isssues...
You get in to all those Growth Pains...
My gosh man...
we are talking 75 employees?
is that what we're talking....
You know how much growing pains DataBroadcast has had over the years...
they got a bad perception because of all their growth pains....
They couldn't answer a customer phone for 2 hours....
they would put you on hold for 2 stinkin hours...
In order to pay your stinkin Bill...
Now who is going to put up with that....
they grew their revenues..
yes they did...
and they have a market cap of just over 200 MILLION...
Hello!! 200 million..
We are talking 25 BILLION here..
THAT's with a STINKIN **B**....
HELLO.