To: HO-MEE who wrote (19192 ) 5/16/2000 9:05:00 PM From: tahoe_bound Read Replies (1) | Respond to of 28311
Saudi Prince buying net stocks Remember when he scooped up Apple at a split adjusted $10 in 1998? Is Paul Allen friends with this guy? (Please??) ================================== Additionally, billionaire Alwaleed bin Talal has taken $50 million stakes in a handful of well-known Internet names, according to wire service reports on Tuesday. The Saudi prince is "a pretty astute investor," said Malcolm Fobes, a portfolio manager at Berkshire Focus Fund (BFOCX: news, chart). "I'd sit up and take notice. "He's not going out on a limb but it's encouraging, and he usually likes to scoop up companies at a bargain. So, his buying activity could signal a bottom." Also of interest from cbs marketwatch: (What tier would GNET be considered in?????) "What we're seeing is second-tier players like Lycos and Verio (VRIO: news, chart) getting courted because they have substantial assets and when combined with other global players, they can create a global enterprise," Moran said. Another top candidate is EarthLink (ELNK: news, chart), he said. The Internet service provider is right behind America Online, and has a "commanding foothold." If not with Sprint, the company would make a solid partner with a global telecom company, Moran said. Yahoo (YHOO: news, chart) holds its analyst day Thursday. Ahead of the gathering, shares of Yahoo added 5 5/8, or 4 percent, to 135 5/8. America Online (AOL: news, chart) slipped 7/16 to 58. Other shares making solid moves were ExciteAtHome (ATHM: news, chart), up 1/2 to 22 3/8; Go.com (GO: news, chart), up 21 percent to 17 1/2; and NBCi (NBCI: news, chart), ahead 15 percent to 22 5/8. Other major movers include VerticalNet (VERT: news, chart), up 17 percent to 45 3/4.