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Technology Stocks : PSIX up 26.5%, Takeover(?) -- Ignore unavailable to you. Want to Upgrade?

To: James Young who wrote (1657)	12/19/1997 5:50:00 PM
From: Ed Klar	Respond to of 5650

From an article in Data Communications - December 1997 As for the fastest growing market segments, Internet/intranet access and content hosting are the hands-down winners worldwide. Vendors and analysts expect growth to snowball through the end of the decade, as corporations continue to mine 'Net applications like electronic mail and document collaboration. Internet fax/telephony and security services also will see greater use. ISPs (Internet service providers) also are seeing huge growth in packaged solutions. Carl Showalter, director of product management for ANS Communications Inc. (Purchase,N.Y.), says that companies are seeking turnkey intranet solutions, wrapping access,hosting, e-commerce, and security into one tidy package. "Suddenly, customers are recognizing that they can't do everything by themselves," he says. What's more, those companies that have already taken the intranet plunge are continuing to add bandwidth. Showalter says he receives very few requests for anything under T1 (1.544-Mbit/s) speeds. John Scarborough, director of Internet marketing at MCI, says he's already fielding requests for 155-Mbit/s Internet access. In short, there appears to be no end in sight to Internet/intranet demand. "No matter what number you look at, it suggests that the industry hasn't even hit its stride yet," Scarborough says. "We've just left the block." I wouldn't throw in the towel.

To: James Young who wrote (1657)	12/19/1997 11:18:00 PM
From: blankmind	Respond to of 5650

read the part about psix Hot & Not: ISDEX Shows Ups And Downs On Wall Street By Steve Harmon Senior Investment Analyst Internet.com "Where Wall Street Meets The Web" Very few investors believe in jolly St. Nick but CNET (NASDAQ:CNWK - news) probably believes in jolly Amerindo Investment Advisors after it came down the chimney and bought 700,000 shares of stock in an $18 million private placement. The buy represents 4.8% of CNET. Other investors included USA Networks and CNET's chief financial officer. Share price was determined by taking the average of the 15 days to December 17. Whether or not that had anything to do with CNET shares leading the ISDEX since December 2 remains for a few purple elves and maybe CEO Halsey Minor to determine. Our own thoughts are that CNET simply needs the cash to ramp up what may become two separate entities sooner rather than later. CNET"S ambitious general-purpose AOL wannabe SNAP Online (a free Web-based content service), is an ambitious effort that may take a bit of cash to ramp up, even though CNET markets and sells the service with OPM (other people's money). Namely the telcos such as Sprint which will make SNAP its default home page for its Passport access users. If SNAP ends up costing CNET one-tenth of what AOL pays to acquire a sub that's still considerable if the service is to grow. Say at $10 a new sub and a goal of 5 million users that's $50 million. Even if CNET pays a buck each that's $5 million, not a lot in the world of AOL and MSN but a lot in the world of CNET. A third of what it just raised in fact. Meanwhile CNET itself must grow and go. CMG Info, meanwhile, a stock that we always said was undervalued since its off-balance sheet equity surpassed its public trading value, takes second place in the ISDEX review. We hear one of its investments, the free Web site (community) effort GeoCities, is on the block. Tire kickers reportedly included Lycos (NASDAQ:LCOS - news) , which CMG owns more than 50% of, and Yahoo (NASDAQ:YHOO - news) . Our bottom-line analysis of a venture like GeoCities goes like this: what's the revenue per member basis? What's the value of 8 million Web users making Web sites? The value of the aggregate may be high but how does GeoCities leverage that to its own gain? And we suspect there may be a lot of flotsam and jetsom or abandoned Web sites in GeoCities. Movers, Shakers, Moved & Shaken ISDEX r Ticker 18-Dec-97 % change Internet Stock Index symbol 18-Dec-97 close 02-Dec-97 ISDEX 92.33 -4.0% NASDAQ 1,523.19 -5.2% DJIA 7,846.50 -2.1% S&P 500 955.3 -1.7% CNET CNWK $ 28.13 32% CMG Info CMGI $ 26.75 22% Earthlink Network * ELNK $ 24.00 21% @Home Network * ATHM $ 24.56 16% Netcom NETC $ 21.75 11% Yahoo! YHOO $ 58.13 10% America Online AOL $ 83.75 9% Lycos LCOS $ 34.88 7% Mindspring MSPG $ 30.75 6% Mecklermedia MECK $ 23.06 6% VocalTec VOCLF $ 18.75 6% Open Text OTEXF $ 10.00 5% Trusted Information Systems TISX $ 8.94 2% CKS Group CKSG $ 13.56 2% Amazon.Com * AMZN $ 51.50 1% Forefront FFGI $ 8.00 1% Security Dynamics SDTI $ 33.13 0% CyberCash CYCH $ 13.94 -5% Excite XCIT $ 23.50 -5% Netscape NSCP $ 26.50 -5% Individual INDV $ 3.50 -7% Security First Net Bank SFNB $ 7.00 -7% Open Market OMKT $ 9.75 -8% NetManage NETM $ 2.38 -10% Versant Object Technologies VSNT $ 13.33 -10% Raptor RAPT $ 12.06 -12% Connect CNKT $ 1.09 -17% Quarterdeck QDEK $ 1.59 -18% Onsale * ONSL $ 13.75 -18% CheckPoint Software CHKPF $ 38.75 -19% E*TRADE EGRP $ 18.63 -21% Network Solutions NSOL $ 13.50 -21% Infoseek SEEK $ 8.88 -22% PSINet PSIX $ 4.97 -24% Spyglass SPYG $ 5.00 -32% On the bottom dweller list PSINet's (NASDAQ:PSIX - news) lack of a date for the prom (any prom, as in buyout or merger) leaves Wall Street wondering how much the ISP may be worth. If a tree falls in the Internet and nobody clicks on it...ICG's $283 million acquisition of NETCOM (NASDAQ:NETC - news) left few doubting that fire sales may be the norm now for ISPs. That's a far cry from UUNET's sale to MFS in 1996 at 12x sales. NETC's pending exit is under 2x. Spyglass (NASDAQ:SPYG - news) bet big on Web devices but devices simply aren't here yet in large enough quantity to help investors get it. Critical mass is a long way off, let alone chain reaction time. Expect some devices to pop in 1998, will SPYG rise with it? --------------------------------------------------------------------------------