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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999! -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (1132)	4/3/1998 10:48:00 PM
From: Mark Fowler	Respond to of 3183

>>Well I'm not letting a profit turn into a loss so I am out. Will try again later, but XCIT still looks good! On valuation excite looks comparative good. I think it will hold up comparatively well if and when this internet bubble starts to crack. It's trading near it's expected growth rates of 50x 99 earnings. But you look at Yhoo with its expected annual growth rate of 75%, it's trading at about 150x 99 earnings. I don't see much more upside in these internet stocks because most are way over valued. But on valuation, and not just valuation, I like Xcit, Cych. I think we will see profit taking going on and a rest for a lot of them. I took profits today in my short-term positions. And I plan to cut back some on Yhoo after earnings. I think they will be killer this qtr. Yhoo will make it to 120 if they blow the streets estimates away this coming Wed. Good luck to you.

To: craig crawford who wrote (1132)	4/6/1998 9:06:00 PM
From: Keith J	Read Replies (1) \| Respond to of 3183

Boy, another major acquisition (a coup if you ask me) for XCIT today. Picking up Classified2000 for less than $50 million. Will further expand XCIT's reach, and also further entrenches XCIT as #2, with LCOS and SEEK currently using Classified2000. I'm expecting a huge jump in revenue for the March quarter. I got my Individual Investor in the mail today, and XCIT had a 2 page ad. Of note: as of mid/late February, XCIT had booked $40 million in transaction related revenue for 1998. That's $10 million a quarter. Matchlogic will probably add about $2 million in the March quarter (I'm guessing, it could be higher or lower, but XCIT's goal for Matchlogic in 1998 is $20 million, compared to $4 million in 1997). The latest figures from one of the meter companies indicated XCIT had $5.3 million in ad revenue (I'm assuming this is 100% banner ads) for February, a short month. This was also only $200K less than YHOO. So, if XCIT hits $15 million for the quarter in banner ads, that means XCIT could possibly be about $27 million in revenue for the quarter. That would be a huge jump from December's $18.7 million. Plus, XCIT has also just added NetGrocer and Software.net to the stable, and will have Classified2000 revenue going forward as well. And the March quarter is usually a weak quarter due to the holiday season in the December quarter!!! I fully expect YHOO to report over $30 million in revenue for the March quarter tomorrow. But I don't want to venture a guess as to what their bottom line will be. If XCIT comes in with a decent page view number for the quarter and did a decent job managing expenses, this baby could really pop. YHOO better have an eye looking in that rear view mirror. <G> IMHO. KJ