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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (12325)	7/12/1998 6:17:00 AM
From: John Mansfield	Read Replies (1) \| Respond to of 13949

Australia: 'THE Federal Government will tomorrow launch a world-first national advertising campaign to alert small business to the dangers of the millennium bug. The advertising will be on all television networks, including the ABC and SBS, and aims to alert people to the significance of the problem. In the first advertisement, the TV screen goes suddenly blank. A message flashes up saying all networks have gone off the air and warns this is what might happen on January 1, 2000, unless people act now. ... theaustralian.com.au

To: JDN who wrote (12325)	7/12/1998 11:21:00 AM
From: John Mansfield	Read Replies (1) \| Respond to of 13949

YHOO P/E = 413. Makes one wonder what still might happen in the Y2k sector later this year.... John ___________ 'ust when you thought Wall Street's worship of the Web couldn't get any wackier, Internet stocks take off again--on another gravity-defying streak. Look at Yahoo! Inc. In early June, its shares sold for $104, 12 times its initial-offering price in 1996. From there, it streaked to a record of $199 on July 6 before settling down to $186 on the 8th--leaving it with a market cap somewhere north of $9 billion. This for a company that analysts say might earn 45 cents a share. That translates into a price-earnings multiple of 413. Still, Yahoo! is practically a blue chip compared with other Net issues: At least it has earnings. Many of the shares enjoying similar runups don't even have much in the way of revenue. So, why the latest outbreak of Web mania? One factor, say analysts, is that small investors are piling into Internet-related stocks almost indiscriminately in an attempt to catch the next big wave. In the process, they are sending small-cap issues into uncharted regions at mind-boggling velocities. Take Inktomi, a provider of search-engine technology for companies that include Microsoft Corp. Its shares traded publicly for the first time on June 10 at 18. Now, it's trading at 73 1/2. All sorts of Internet-related stocks have been on a similar course, driving the Hambrecht & Quist Internet Index from 141 on June 1 to a record 208 on July 6. ... exchange2000.com