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To: Glenn D. Rudolph who wrote (20979)	10/9/1998 8:46:00 PM
From: Glenn D. Rudolph	Respond to of 164684

A snippet from Thestreet.com "Perhaps the biggest change is investor demand for profits. For most of the year, revenue growth was enough to keep an Internet company's stock buoyant (shocking but true). Now, fund managers are showing reluctance to jump on Internet stocks that are long on promise but short on profits. So what's a prudent investor's defense? Go for companies that have a strong balance sheet, said Mann. Yahoo! beat expectations Wednesday after the markets closed and they ended the quarter with $432 million in cash. "Markets will go up and down, but the Internet offers a whole new way of looking at the world," Mann said. But even if the Internet keeps growing, it will not mean Net stocks are a value, even at these levels. "I think the Internet is here to stay," said Nick Moore, who manages some $1 billion in tech stocks for Jurika & Voyles. "But these stocks rate zero-point-zero on the value scale. They won't be cheap down another 80%." "