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To: Frost Byte who wrote (2771)	3/10/1998 6:23:00 AM
From: Steve Rubakh	Respond to of 9343

March 9, 1998/FOOLWIRE/ -- Internet stocks gained today as the latest investment thesis posits that the sector will be isolated from the Asian financial problems causing the latest "tech armageddon." Also, some analysts are starting to ruminate that falling PC prices might spur those already not hooked up to the Web to finally get online and see what this Internet stuff is all about. Internet search engine company Yahoo! Inc. (Nasdaq: YHOO) added $7 1/4 to $87 13/16, fellow search engine Infoseek (Nasdaq: SEEK) advanced $2 1/32 to $20 13/32, and Excite Inc. (Nasdaq: XCIT) ascended $5 1/16 to $53 1/2. Online bookseller Amazon.com (Nasdaq: AMZN) jumped $6 5/8 to $83 3/8, cyber-auctioneer ONSALE (Nasdaq: ONSL) rose $4 5/16 to $33, and Lycos Inc. (Nasdaq: LCOS) moved $2 11/32 higher to $45 3/4. Internet services providers also got a lift, as Mindspring Enterprises (Nasdaq: MSPG) tacked on $6 1/4 to $63 5/8 and EarthLink Network (Nasdaq: ELNK) gained $5 3/8 to $55 3/8.

To: Frost Byte who wrote (2771)	3/10/1998 6:27:00 AM
From: Steve Rubakh	Respond to of 9343

TALKING POINT-Computer maker's woes seen Internet boon Reuters Story - March 09, 1998 20:20 %US %LEI %BUS %ENT %DPR %ELI YHOO AMZN INTC MOT CPQ XCIT ELNK AOL ONSL PTVL V%REUTER P%RTR ------------------------------------------------------------------------ Jump to first matched term By Andrea Orr LOS ANGELES, March 9 (Reuters) - The troubles of computer makers proved a boon to Internet-based businesses Monday as investors poured money into the likes of Yahoo Inc. , Amazon.com and almost every other company doing business online. Stocks in Internet service providers, Internet CD sellers and Internet travel agents were all sharply higher amid a growing belief that this segment of the technology sector holds the best prospects for growth in both the long term and the not-too-distant future. Analysts said much of the money moving into the online sector was coming straight out of stocks like Intel Corp. , Motorola Inc. and Compaq Computer Corp. , whose warnings last week of lower-than-expected earnings cast a cloud over the group of hardware and chip makers. "It appears investors are shifting their assets," said Keith Benjamin, analyst at BancAmerica Robertson Stephens. Lists of the best performing stocks Monday were dominated by Internet service providers and search sites. Yahoo rose $7.25 to $87.81, Excite Inc. jumped $5.06 to $53.50 and Earthlink was up $5.375 at $55.375, all on Nasdaq. America Online Inc. advanced $1.875 to $123.375 in consolidated New York Stock Exchange trading. Companies involved in Internet commerce also were among the day's biggest gainers. Online bookseller Amazon.com rose $6.75 to $83.50, online retailer Onsale rose $4.31 to $33, and Preview Travel climbed $2.31 to $27.69, all on Nasdaq. In fact, investors appeared to show little discretion in the rush to invest in Internet stocks. Industry analysts were hard pressed to locate a single Internet stock that did not advance, and said the buying clearly represented an interest in the overall sector rather than the fundamental strength of any particular company. "I would think that people would at least look at the company names, but who knows," commented one analyst. Still, most said there was strong fundamental basis to invest in the Internet sector since experts all see a surge in the number of people going online, which should not be affected by the reduced demand hitting PC makers. Moreover, the recent woes of PC makers could actually jumpstart the spread of the Internet, they said. If computer prices go down, more households that are still off-line will finally buy their first PC. Others may buy a second or a third. "All these companies could benefit from more low-priced PCs on the market," said NationsBanc Montgomery Securities analyst David Readerman. "The main reason people buy PCs is to get online." While this promising future may have triggered all the buying, however, there were also other factors behind the large rises in stocks, Readerman said. Several Internet stocks are fairly illiquid, meaning that any volume of buying or selling can translate into large price swings. "I think the fundamentals are compelling, but you have to balance it with the valuations," Readerman said. "Some of them are very high."