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Strategies & Market Trends : e-Commerce the Next 100 Months...... -- Ignore unavailable to you. Want to Upgrade?

To: TLindt who wrote (247)	3/24/1998 1:40:00 PM
From: AugustWest	Respond to of 2882

>>Have you guys noticed that this portfolio is one tough SOB! Hello! and Yeah! I was checking it out a few minutes before you posted. And everything is in the black. Well, almost. But notice they are in the same catigory? Those E-brokers. I think we need to figure out why.

To: TLindt who wrote (247)	3/24/1998 2:58:00 PM
From: AugustWest	Respond to of 2882

Some stuff on CYCH. GOOD info on E-commerce. check out their index. might compare notes: ************************************** CYBERCASH LEADS INDEX WITH ICVERIFY PURCHASE March 24, 1998 ------------------------------------------------------------------------ ELECTRONIC COMMERCE NEWS via NewsEdge Corporation -- CyberCash Inc. [CYCH], coming off an agreement last week to purchase ICVERIFY Inc., was one of the high performers in ECN's Stock Index this week. CyberCash, a Reston-based provider of Internet commerce payment applications for merchants and consumers, is buying Oakland, Calif.-based ICVERIFY for $16 million in cash and 2.3 million shares of CyberCash common stock. CyberCash's stock closed at $16.33 on Thursday, March 19, a 13 percent rise over the previous week. The company's stock climbed almost $2 to $17.88 on March 17, the day the acquisition was announced, from $15.94 the previous day. CyberCash enables merchants to receive Internet payments using electronic checks, elec-tronic cash, and electronic credit cards. ICVERIFY brings to CyberCash its physical world software platform on which ICVERIFY created NetVERIFY, a merchant payment solution for the Internet. ICVERIFY will become a wholly owned subsidiary of CyberCash. F. Thomas Aiden will remain as president and CEO of ICVERIFY. He also will serve as executive vice pres-ident of CyberCash. Steve Elefant, ICVERIFY co-founder and chairman will become vice chairman of CyberCash. Eric Buchbinder, the other co-founder will become senior vice president of advanced technology for CyberCash. The deal is expected to be completed in the second quarter this year. Overall EC Stocks Up For the year to date, the ECN Stock index is up 20 percent versus the S&P 500 stock index, which is up 10 percent, according to Richard D. Park, a San Francisco-based analyst with Merrill Lynch & Co. [MER]. "Electronic commerce stocks have outperformed so far in 1998," he says. "We expect continued solid performances in this sector through this year. "Electronic commerce companies overall have higher visibility and relative stability compared with other companies in technology," Park says. " Electronic commerce stocks, for example, have a higher services component in their revenues versus pure hardware and software companies which have more of a product cycle." Recurring revenues, an important metric for many investors, also on average are higher for these stocks, he says. Dublin, Ohio-based Sterling Commerce Inc. [SE], as an example, has 60 percent recurring revenues, 40 percent from network services and 20 percent from software maintenance, Park says. (Cindy Bennett, ICVERIFY, 510/563- 6215; Richard D. Park, Merrill Lynch, 415/296-8725; Jordanna, M. Taffel, CyberCash 703/715-7837.) Electronic Commerce News Stock Index March 19, 1998 Company Ticker 3/19/98 1-Week 6 months YTD* AT&T T $66.00 2% 50% 12% Broadvision BVSN $16.25 -5% 136% 150% Cambridge Tech Partners CATP $50.00 1% 40% 23% CheckFree CKFR $23.00 -3% 9% -11% Connect CNKTD $1.03 3% -87% -75% CyberCash CYCH $16.88 13% -16% 32% First Data FDC $35.25 5% -6% 17% GE GE $80.06 2% 19% 8% Galileo GLC $37.31 -2% 34% 31% Harbinger HRBC $34.31 -3% -6% 20% Hewlett-Packard HWP $62.81 2% -9% -3% IBM IBM $102.88 3% -3% -3% Logility LGTY $9.38 1% NA -14% Manugistics MANU $39.00 1% 9% -11% Microsoft MSFT $82.00 0% 24% 25% Netscape NSCP $19.50 0% -46% -17% OpenMarket OMKT $18.88 0% 22% 80% Onewave OWAV $2.50 0% -11% 43% QuickResponse Services QRSI $50.25 5% 47% 40% The Sabre Group TSG $36.31 4% 1% 25% Security Dynamics SDTI $38.56 11% 4% 10% Sterling Commerce SE $48.88 5% 36% 27% Worldcom WCOM $44.25 13% 25% 48% Note: Best performer noted in bold, Worst performer in italics * YTD signifies year to date. Source: OneSource [Copyright 1998, Phillips Publishing]