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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme -- Ignore unavailable to you. Want to Upgrade?

To: STEAMROLLER who wrote (6469)	7/6/1998 9:21:00 AM
From: STEAMROLLER	Respond to of 8798

Briefing.com morning update Updated: 06-July-98 Last Update: 09:12 ET Trading Points Comprehensive coverage on Short Stories, analysis on Story Stocks 09:12 ET Internet Stocks: Group indicated higher this morning: YHOO +3, LCOS +6 3/4, AMZN +3 1/2, NSCP +1, XCIT +3, SEEK +1/2, DCLK +3 1/2, NETG +3. NetGravity (NETG 18 15/16) is an Internet advertising concern that has been riding the coattails of the DoubleClick (DCLK) move. Stock surged in late trading Thursday, finishing the day up 5 1/2 pts. NETG debuted in mid-June at $9 per share, pricing on the low-end of the $9 to $11 range. At these prices, NETG is by no means a cheap stock. But hey, it wasn't cheap at $10 either... Chart 09:04 ET Organogenesis Inc (ORG) 18 15/16: Analysts interviewed by Barron's sceptical of stock's valuation. Believe that company will not earn a profit over next 6 years. On Tuesday, Wedbush Morgan initiated coverage of stock with a "sell" rating and and downside 12-18 month target of $4.25 a share. Firm cited inflated sales forecasts for company's main product and overvaluation for the negative comments. On July 1, ORG responded to comments (press release). ORG is already very heavily shorted, with a short/interest ratio of 41 days. 08:56 ET Lycos Inc (LCOS) 79 1/16: --Update-- Issue indicated 6 pts higher. For the record, Excite (XCIT 98 15/16) shares rose 9 7/8 pts to 85 5/8 after announcing 2-for-1 split last Monday. This morning, XCIT shares currently indicated 2 pts higher, after company's CEO moments ago delivered very strong interview on CNBC. 08:51 ET Internet Music Retailers: Probably won't hear much about this and its not likely to affect the prices of Internet music retailing stocks today, but have noticed that Columbia House Records has started an aggressive Internet marketing campaign. In their promotion, company giving away 12 CDs for free. Tough to maintain margins when the competition is giving away the product. See site. 08:44 ET Saks Fifth Avenue (SKS) 29: Department store concern has agreed to be acquired by Proffitt's Inc. (PFT 40 11/16) for $2.1 billion in stock. Saks shareholders will receive 0.82 shares of Proffitt's stock for every Saks share they own, currently equivalent to approx. $33.36 per SKS share. 08:40 ET Zapata Corp. (ZAP) 9 7/8: marine and food packaging and Internet company will split into two separate operating companies and plans to acquire or invest in 21 Internet sites; the company also said that it may repurchase up to 5 million shares of its outstanding common stock; see press release. This is the company that made a bid for Excite (XCIT) in mid-May. 08:37 ET Lycos Inc. (LCOS) 79 1/16: Internet search concern sets a 2-for-1 stock split. Stock indicated 6 pts higher in pre-market. On Wednesday, we predicted that LCOS was the mostly likely of the Internet companies to split its stock. For list of other Internet stock split candidates, see story. 08:33 ET Market Indication: Good morning. S&P futures currently flat... LCOS splitting... Overseas markets mostly lower: Japan -1%, Hong Kong -1/8%, France -0.5%, Germany -0.6%, London -0.8%, Moscow -2%... SKS being acquired.