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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Jan Crawley who wrote (18261)	9/24/1998 3:57:00 PM
From: JimNewby	Respond to of 164684

eBay got a late start opening today, but look at that vol. It beat AMZN slightly. 8.25mm shares for AMZN and 8.8mm for eBay. Not a bad IPO day (IPO $18 - currently $46 3/8). Just under $2B makt cap. Welcome another billionaire (any body know his/her name?). Can it hold for 30 days? Can't short it 'til then. If you think AMZN is overvalued, look at eBay! Jim

To: Jan Crawley who wrote (18261)	9/24/1998 7:25:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Web Stocks Up Again On Continued Momentum From Mktg Deals NEW YORK (Dow Jones)--Internet stocks surged again Thursday, continuing the momentum that built up following a handful of high-profile marketing initiatives announced in the sector Wednesday. Dell Computer Corp. (DELL) helped spark a steep rise in the Internet sector Wednesday after announcing three marketing alliances to offer Internet access and content services to PC customers as part of its ConnectDirect program. Dell will market AT&T Corp.'s (T) WorldNet Internet access service on its Dell Dimension machines. The PC maker also will start offering SBC Communications Inc.'s (SBC) high-speed ADSL connections on Dell Dimension machines equipped with ADSL modems, late this year or early next year. In addition, Dell and Excite Inc. (XCIT) plan to create a co-branded, customizeable starting point on the Web for Dell Dimension users using Excite's Web navigation service. Separately Wednesday, AT&T said it expanded a marketing agreement with Yahoo! Inc. (YHOO) - a major Web portal company - to package its WorldNet access with Yahoo's content to create an on-line service called Yahoo! Online, and powered by AT&T WorldNet Service. According to Volpe Brown Whelan analyst Derek Brown, the only new news lifting Web stocks Thursday is the pricing on eBay Inc.'s (EBAY) initial public offering, which was disclosed late Wednesday. An initial 3.5 million shares of the online autioneer were priced at $18 each, up from an anticipated range of $14 to $16, indicating strong institional demand for the stock. Internet stocks have been climbing all week after President Clinton's grand jury testimony was released on many Web sites Monday, focusing investors' attention on the Web's ability to deliver audio and video as well as text. The event came on the heels of the Sept. 11 release on the Internet of independent counsel Kenneth Starr's 445-page report, which drew record levels of traffic to the Web and led many industry-watchers to declare that the Internet had become a mainstream medium. Excite Inc.'s (XCIT) shares, which surged 33% Wednesday, are leading the pack again Thursday. The shares are up 3 3/4, or 9.9% at 41 1/2. Shares of Lycos Inc. (LCOS) were up 1 1/4, or 3.8%, at 34 1/2, after climbing 19.3% Wednesday. Yahoo shares were up 1 1/4, or 1.1%, at 119 1/8, after jumping 14.5% Wednesday. And shares of Infoseek Corp. (SEEK), which rose 7.2%, Wednesday, were up 2 3/16, or 9.0%, at 26 1/2. Earlier this week, Infoseek and Disney Co. (DIS) announced plans to name their long-awaited joint venture portal "Go Network," and said the new site will launch in the fourth quarter. Shares of online bookseller Amazon.com Inc. (AMZN) were also higher, up 5 1/8, or 4.9%, at 110 1/4. The stock jumped 19.5% Wednesday. -By Joelle Tessler; 201-938-5285