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To: gtc123 who wrote (140)	10/28/1997 3:01:00 AM
From: Bruce Cullen	Respond to of 2038

We think it interesting to note that while October 27's spookfest seemed to be haphazard, these three very diverse indices each ended the day about 13% off its 52-week high. Talk about invisible hand and market theory. Within the Internet arena those that ran the highest were first to find frothiness lopped off. The search engine and navigation companies, Yahoo (NASDAQ:YHOO - news) , Lycos (NASDAQ:LCOS - news) , Excite (XCIT), Infoseek (NASDAQ:SEEK - news) all lost between 16% to 24% in yesterday's session. Firewall software maker Raptor (NASDAQ:RAPT - news) fell more than 20% while rival Check Point Software (NASDAQ:CHKPF - news) only dropped 4% as Wall Street quickly found its focus on market share and leadership. Security software contender Trusted Info Systems (NASDAQ:TISX - news) posted a small profit -- $30,000 -- not counting its $1 million gain by selling its CyberCash (NASDAQ:CYCH - news) shares. Even with the plus side, TISX got caught in the general market down blast and ended October 27 off 7%. Least scathed in ISDEX was Individual (NASDAQ:INDV - news) which has been humming along lean and mean ever since its botched deal to acquire Freeloader and the subsequent and ongoing effort to revive its stock since then. Similarly, other stocks that haven't had too much future value (or present value by our reckoning) factored in gave up less than 6% or 7% since investors play them closer to present performance or out of sheer ignorance of their fundamental business position. For the lesson as the seasons change may be simply that the one constant is that the world's largest technology, communication, entertainment, commerce and financial companies -- industries worth hundreds of billions of dollars, yen or marks, are deploying and continue to roll out Internet-based offerings at a record pace. When the dust settles in Hong Kong, London, New York, and it may take a few weeks to do so, more than 50-million people will still be using the Internet, billions of emails will continue to float through the ether every day, and the other 95% of the world that's never logged on awaits to do just that.