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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (16020)	2/5/2003 2:02:21 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 57684

I was skeptical that software could be one of the better sectors to lead out of this depression. But what I think the mkt is saying is that internet content is not as mature as the phase 1 hardware buildout (routers and PCs). Stepping back it makes sense, I know companies like Gap have all this hardware in place but keep reworking their online store. Sometimes the addition of new software (they just went websphere) causes a hardware upgrade. But the driver is the software. So maybe I'll go light on the semi's, semi equips and networkers for this recovery even though they are so cheap in favor of software and internets. Of course long term the hardware guys will be back because the infrastructure is only phase 1 anyway, just like those first PCs in 1980. This happened in the PC bust mid 80s too- Comdex planners file for Chap. 11, agree to acquisition siliconvalley.com

To: Bill Harmond who wrote (16020)	2/5/2003 8:03:06 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 57684

you have both of these, right? :26PM j2 Global beats by 3 cents, issues guidance (JCOM) 21.45 +0.40: Reports Q4 (Dec) earnings of $0.38 per share, $0.03 better than the Multex consensus of $0.35; revenues rose 45.8% year/year to $14.0 mln vs the $13.5 mln consensus. Expects Q1 Earnings Before Taxes per share of $0.39-$0.42 on $14.7-$15.1 mln in sales, and expects 2003 EBT per share of $1.75-$1.95 on $66.0-$69.0 mln in sales (it is not clear whether these numbers are comparable to consensus). 4:18PM Expedia tops estimates; announces 2-for-1 stock split; CEO resigns (EXPE) 59.05 +2.93: Reports Q4 (Dec) earnings of $0.48 per share, $0.07 better than the Multex consensus of $0.41; revenues rose 100.4% year/year to $163.9 mln vs the $162.1 mln consensus; board of directors has authorized the repurchase of up to $200 million of Expedia common stock; board has approved a two-for-one stock split; sees Q1 adjusted EPS of $0.44 vs the Multex est of $0.43 per share. CEO resigns -- says Erik Blachford, president of Expedia North America, will succeed founder Richard Barton as president and CEO of Expedia