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To: StocksDATsoar who wrote (48862)	5/30/2000 5:31:00 PM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

Visit us at cnbc.com Good evening Jim, Here is your Money Mail for Tuesday, May 30. THE BUZZ AT THE BELL Investors came back from the holiday weekend eager to buy. The Dow rose 228 points and the Nasdaq closed up 254, that index's second-biggest point gain ever. But volume was low and it appeared that big institutions did not participate. Chip stocks led the rebound: Intel and Texas Instruments both gained 6%. We need more three-day weekends. Give the market a boost: Delete Monday! The Internet continued today to be live-wire of initiative: * Book-retailer Barnes & Noble announced that it was buying a stake in notHarvard.com, which produces online educational materials. The two companies will cooperate in creating "Barnes & Noble University" offering free, online education. The announcement made no mention of accreditation, parietal hours, or honor codes of single-sex bathrooms. But the "administration" no doubt expects the students to purchase their "texts" in the local, "university" bookstore. Online broker ETrade and accounting firm Ernst & Young announced that they will form an online financial services company offering assistance with personal financial management, including home buying, education, retirement, estate planning and the like. * American Express announced that it will no longer honor transactions at adult Web sites. Nice touch, Amex. And for once you won't be hounded by Visa advertisements urging consumers not to forget their Visa cards at those locations "because they don't honor American Express." -------------------- ADVERTISEMENT ------------------------ FREE Report: The Month's Top 100 "Buy List" Stocks These 100 market gems have colossal returns and superior Relative Strength & EPS rankings. Get this FREE report with your FREE trial to OTC Insight; Wall Street's #1 rated newsletter for total returns over the last 10-years: wwwrd.0mm.com ----------------------------------------------------------- MAJOR INDEXES * Dow Jones Industrial Avg.: 10527.47, up 228.20 or 2.22% * Dow Transports: 2741.70, up 54.15 up 2.01% * Dow Utilities: 324.74, down 2.72 or 0.83% * S&P 500: 1422.45, up 44.43 or 3.22% * Nasdaq Composite Index: 3459.29, up 254.18 or 7.93% * Russell 2000: 476.69, up 19.32 or 4.22% * 30-Year Bond Yield: 6.086, up 0.03 or 0.50% * For our complete U.S. index list, go to: wwwrd.0mm.com SCOUTING REPORT: WEDNESDAY The Conference Board announced today that its Consumer Confidence Index jumped to its highest point in four months. Economists were expecting consumers to lose some confidence in the face of market volatility and rising interest rates. But the tight job market and rising wages outweighed the stock market's woes in the eyes of consumers. If consumers extend the spending spree that has been driving economic growth, interest rate increases by the Fed will follow. Thus, the market will be watching this week's economic data closely to see if the economy is cooling in spite of consumer bullishness. The economic news, not today's bounce, is likely to set the tone in the equity markets this week. Tomorrow's key report: new home sales. Expected Earnings: * Comverse Technology (CMVT) Q1 Est. 0.31 vs. Year Ago: 0.24 * Litton Industries (LIT) Q3 Est. 1.32 vs. Year Ago: 1:10 Economic Calendar: * New home sales (April) at 10:00 a.m. EST STOCKS * Pick of the Week: F5 Networks * If you're having problems managing traffic on your Web site or routing requests to the best available server, it's time for the traffic cops. F5's software manages traffic and helps ensure consistent performance on Web sites. F5 is a leader in the business, says Chris Sessing, an analyst at Crowell Weedon, and they have key OEM relationships. wwwrd.0mm.com * Stocks to Watch * Joe Kernen's stocks for Tuesday: wwwrd.0mm.com INSIGHTS ON CNBC.COM * Record Profits Ahead for Hotel Industry * A slowing economy and a flood of new rooms could give the hotel business a headache later this year. But don't expect to find bargains anytime soon. To make up for declining occupancy rates, hotels are finding all sorts of new ways to pad your bill, putting the industry on course to generate record profits this year. wwwrd.0mm.com --------------------- ADVERTISEMENT ----------------------- FREE! USE AN ELECTRONIC CHECK TO FUND YOUR ONLINE ACCOUNT. Open and fund your Mydiscountbroker.com account fast with a secure online check. Funds will be available for you to invest within days. Don't wait. There's no easier way to fund an account. wwwrd.0mm.com ----------------------------------------------------------- TAX CENTER * The Good, Bad and Ugly of Gift Taxes Giving cash and property away can be an effective tax and estate-planning maneuver. Here's how to deal with the complex tax consequences. wwwrd.0mm.com WEDNESDAY ON CNBC * STEIN ROE GROWTH STOCK FUND Portfolio Manager Erik Gustafson, Guest Host on Squawk Box at 7:00 a.m. EST * TANDY CEO Leonard Roberts, on Squawk Box at 7:40 a.m. EST * APPLIED MATERIALS Chairman James Morgan on Squawk Box at 9:40 a.m. EST * Click here for a complete CNBC Guest List: wwwrd.0mm.com HOTSPOTS ON CNBC.COM * To visit our Loan Center, go to: wwwrd.0mm.com * To visit our Message Boards, go to: wwwrd.0mm.com ZINGERS * Sara Lee is planning to shed a few pounds. The company announced that it will spin-off or sell assets that do not fit with its future growth strategy, including Coach (leather goods) and Champion (athletic wear). But can you really lose weight by focusing on buttery baked goods? * Today it was announced that Boo.com, the defunct European Web-retailer that raised and blew $135 million in start-up capital, was sold for $372,000. Ouch! Or should we say: Boo hoo!? __________________________________________________ MONEY MAIL QUICKLINKS * To check your portfolio: wwwrd.0mm.com * To create a Guest Alert to inform you when executives related to stocks in your portfolio will appear on CNBC: wwwrd.0mm.com SUBSCRIPTION OPTIONS * If you wish to UNSUBSCRIBE, please send an e-mail by clicking on this link: mailto:money_mail@list.cnbc.com?subject=unsubscribe * If the link is not clickable, send an e-mail to money_mail@list.cnbc.com and put the word "unsubscribe" in the subject field. You will be taken off the list immediately. Thank you! * To CHANGE your e-mail address, please visit your personal profile page at: wwwrd.0mm.com Changes made to your account will take place immediately.

To: StocksDATsoar who wrote (48862)	5/30/2000 5:33:00 PM
From: Jim Bishop	Respond to of 150070

After Hours: Post-market trading Fatbrain rides positive sales results By Chris Kraeuter, CBS.MarketWatch.com Last Update: 4:56 PM ET May 30, 2000 NewsWatch Latest headlines NEW YORK (CBS.MW) - Fatbrain.com shares ballooned 21 percent in after-hours trading on Tuesday after the information technology reference-material seller announcing its fiscal first-quarter sales results will be higher than expected. Other stocks getting investor attention during the after-hours session are Adatom.com, Qualcomm and Cisco. Fatbrain (FATB: news, msgs) advanced 1 1/8 to 6 3/8 after closing up 1/2 to 5 1/4. Fatbrain.com expects first-quarter revenue to come in between $13.5 million to $14 million, ahead of Wall Street's consensus estimate of $13.5 million. The Santa Clara, Calif.-based Internet company credited strong growth in its B2B corporate programs. Full results will be reported after the market's close on Tuesday June 13. Adatom.com Inc. (ADTM: news, msgs) reversed a regular session slide, pushing ahead 10 percent, as the most active issue on Island. Adatom shares moved up 3/16 to 2 2/32 after closing down 3/32 to 1 7/8. Adatom established a joint venture agreement with China Federation of Industrial Economics to establish and develop an electronic marketplace for a marketing, sales and distribution system. The system will appear in both English and Chinese. This is Adatom's fourth joint venture with a Chinese organization. CFIE is a national organization that oversees and coordinates all Chinese trade associations. Adatom is an e-commerce company based in Milpitas, Calif. Qualcomm (QCOM: news, msgs) pulled back slightly on Island after making a strong move higher during afternoon trading. Qualcomm edged down 1/4 to 76 1/8 after closing up 10 5/16 to 76 3/8. The stock was the most active stock on the Nasdaq National Market with 57 million shares turning over during the regular session. The stock did a complete about face from the morning when investors sold on concerns about Qualcomm?s technology gaining acceptance in China. Later in the afternoon, analysts came to the defense of the wireless telecom company. Among those that spoke positively about Qualcomm is analyst David Heger, analyst at A.G. Edwards. He upgraded the stock to a "buy" rating from an "accumulate," saying that the company is "uniquely positioned to benefit from the deployment of third generation mobile wireless networks based on CDMA." Cisco Systems (CSCO: news, msgs) stock was very active, but steady, in late trading following a 9 percent regular session jump. Cisco Systems traded flat after closing up 4 15/16 to 59 7/8. Early in the regular trading session, SG Cowen called the stock its "bottom-line action idea of the week," saying the company is poised to gain market share in the voice, optical and wireless markets. Cowen's price target on the stock is $70. Last Monday, Cisco touched a low of 50, which was 39 percent below its all-time high of 82. Chris Kraeuter is a reporter for CBS.MarketWatch.com.