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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan? -- Ignore unavailable to you. Want to Upgrade?

To: ed who wrote (3671)	7/3/1998 9:21:00 PM
From: chirodoc	Respond to of 4903

<<<NSCP is a pure story stock ......what story? ......one of the most popular internet portals? ....recent deals with citibank? ever heard of citibank/travelers? ....browser? ....e-commerce software? you are the kind of guy who would have avoided chips as long as they had transistors, you might have seen TV and computers as fads that would not have lasted--much like the internet. curtis

To: ed who wrote (3671)	7/5/1998 9:14:00 PM
From: The Vinman	Read Replies (6) \| Respond to of 4903

I agree, Netscape is due for a huge move to the downside. The best thing for shorts( I have a small short position at $41) would be a buy out(rumored) by NewsCorp. Netscape has a 4 Billion dollar market cap, with less than $450 mill. in revenues the last 4 quarters. No one is going to pay that kind of premium. I believe their earnings will stink this quarter and the stock will tumble big time. I have read on 2 different threads where people are borrowing money from banks and using credit cards to buy internet stocks, the tumble down can't be far off...... Vinman