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To: Jane4IceCream who wrote (29962)	7/17/2000 7:23:35 PM
From: Brasco One	Respond to of 57584

(COMTEX) B: Analysts: Web Biz Still Strong DANA POINT, Calif., Jul 17, 2000 (AP Online via COMTEX) -- Internet businesses remain strong, despite the fact that funding for some companies has dried up and others have drastically altered business plans since tech stocks plummeted, industry analysts and leaders say. Analysts don't expect the consolidations and failures that have rocked investor confidence in recent months to end anytime soon, but that doesn't mean Internet businesses are any less powerful, industry analyst Mary Meeker of Morgan Stanley Dean Witter said Monday. "I think we're moving into the second inning," Meeker said during a presentation at the Internet Summit, a four-day gathering of such industry heavy-hitters as Microsoft Corp., eBay Inc. and Yahoo! Inc. sponsored by the Industry Standard magazine. "Business is really strong, which means there are still a lot of fish in the river." Conference participants like Larry Bowman, the founder of Silicon Valley venture capital firm Bowman Capital Management, said they think industry stocks prices are settling down after irrational buying sprees in 1999 by investors who failed to fully investigate the fundamentals of startup companies. "We had a universal frenzy in the stock market ... and are now in a pause that refreshes," said Bowman. The Nasdaq Stock Market, which has recovered from its recent lows and moved into positive territory for the year, is still 15 percent off its March high, however. In addition to falling stock prices, moves by the Federal Reserve to slow the economy and keep inflation in check by boosting interest rates have helped cool consumer and business deals, analysts said. The industry still is suffering growing pains, however. Meeker predicted many Internet companies doing business today will fail in the next year and some of the top names in the industry will consolidate. "There will be convergence ... which means a lot more mergers," agreed Steve Case, chairman of America Online, which is seeking regulatory approval to acquire media giant Time Warner. Jeff Mallett, president of Yahoo!, predicted only three of the five companies included in a Sunday panel would be around in five years. Along with Yahoo!, the companies were: CNET Networks Inc., Amazon.com Inc., Priceline.com Inc. and eBay.

To: Jane4IceCream who wrote (29962)	7/18/2000 1:45:56 AM
From: johnsto1	Respond to of 57584

high flyer...careful.. VRGE...$22 7/8 + 2 3/8 on increased volume...comes off quiet period Monday 7-24,C.S.First Boston...3.5 float, (Ceo's,Directors & Managers all former HWP,SUNW,AAPL,ADBE,and Stanford & Harvard. Clients include CNN,FBI,C-span,FOX,ABC,DSNY,YHOO,Harvard Business,Library of Congress) ipo.com We have a proprietary video indexing technology* that transforms analog and digital video content into a structured video database that is designed for use on Internet sites.* *Video search will be huge...plug in topic and video search will pull it up;all sectors will incorporate this technology but one in particular is the Financial Professional Industry to save time and increase production to cut down on paper printed reads...Company reports. VRGE Management: ostman.com