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To: SJS who wrote (1667)	8/10/1998 10:31:00 AM
From: Lucretius	Respond to of 14427

Thanks for the article. What have I been saying about MU and DRAM? DRAM is going nowhere but to hell. Unfortunately, like the internuts, MU is not trading on fundamentals. The trick will be to gues when the speculators will leave and move on to the next speculative puppy. MU will see single digits by the end of the yr, IMO. -Lucretius

To: SJS who wrote (1667)	8/10/1998 12:13:00 PM
From: drsvelte	Read Replies (1) \| Respond to of 14427

From Briefing on Geocities "GEOCITIES INC (GCTY): Although five Internet-related companies are scheduled to IPO this week, GCTY is the deal hogging most of the attention. GeoCities will be the first Internet company with prominent brand-identity to hit the market in some time. Dubbing itself the world's largest web community, GCTY was the third most trafficked Web site on the Internet among home users in June 1998, according to Media Metrix. GeoCities allows its users or "homesteaders" to create their own personal Web sites in themed "neighborhoods" on the GeoCities Web site. The company's "homesteader" community has grown from approximately 10,000 users in October 1995 to over 2.1 million in July 1998. GeoCities revenue model relies substantially upon the sale of advertising. For fiscal year 1997, the company recorded revenues of $4.58 million and a net loss of $8.9 mln (or $3.40 a share), compared to year-ago revenues of $314,000 and a loss of $3 million. Revenues of $5.54 million for the first six-months of 1998 have already surpassed the full year 1997 figure by 21%. This morning lead-underwriter Goldman Sachs gave an indication of the strong demand for this deal by boosting the offering range from the $12 to $14 level to a range of $14 to $16. In the unlikely event that GCTY stumbles out of the blocks and peak at $16 on the first day, the company would carry a market cap of $490 million. On a trailing basis, GCTY would sport a titanic Price/Sales ratio of 57.71. Of course, before dismissing this deal as just another frothy offering from Internet la-la land, one must take into account that this fledgling company expanded revenues at a rate of 240% over the first six months of the year. Internet "venture fund" CMG Inc (CMGI) owns 9.7 mln shares or 31% of GeoCities." Anybody think CMGI might be a good long as it rides GTCY's coat tails?