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To: richard p. martino who wrote (3453)	4/7/1998 11:12:00 AM
From: Craig Rogers	Respond to of 9343

You could be right about YHOO not meeting expectations. If it doesn't watch out below. Craig

To: richard p. martino who wrote (3453)	4/7/1998 11:42:00 AM
From: Jonathan Brown	Read Replies (1) \| Respond to of 9343

Look at a broader index of Net stocks: virtually all are down. My opinion: nothing to worry about. Unless you're a virtuoso market timer and can take advantage of the ups and downs, the rule is two steps forward, one step back. Since Friday I've been hearing about a pullback on Net stocks after the big run. If you'd sold on Monday morning and planned on buying back this afternoon, you'd be doing very well indeed. But this is consolidation, not meltdown. In all liklihood Yahoo will hit its numbers, and tomorrow the games will begin, especially if the encryption argument is settled in favor of looser export rules and the rumors of FCC regulation of IP telephony turn out to be just that, rumors. Besides, Net commerce and advertising are going to be bigger, faster, than the projections have shown. Just look at today's Times for a report on Internet advertising and commerce. Friends, the market will fluctuate, but we are in the right place at the right time. Remember that, and all manner of things will be well. J