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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: Terence Mitchell who wrote (603)	11/24/1998 9:54:00 PM
From: Shane M	Respond to of 4691

Terence <OT>, I don't own any of the internet stocks that most people refer to when "internet stocks" come up. I do own several stocks that I think will benefit greatly from the coming transition to the internet. Among those: Oracle ORCL - leading database behind most of the successful e-commerce sites. Knight Trimark NITE - market maker for many of the online brokerages like E-trade, Ameritrade, and others. i2 corp ITWO - leader in supply chain management optimization. Interconnectivity allows a higher level of communication up and down the supply chain, and ITWO's software is dominant in this area. Reduce inventories, increase utilization, improve ROI... and do it or your competitors will put you out of business. That's the extent of my "internet" stocks right now. I think Peoplesoft PSFT is interesting from a similar perspective, and will probably buy a little when a stock price bottom is conclusively reached. I think alot of the ERP stocks like ORCL, PSFT, and ITWO make interesting investments. High switching costs, high margins, proprietary in nature, and revenue growth is still strong. They only benefit from the digital transformation. Shane

To: Terence Mitchell who wrote (603)	11/24/1998 10:16:00 PM
From: Shane M	Respond to of 4691

Well, I typed up a long message on Central Parking CPC, but SI lost it when I hit the "Submit Response" button and I couldn't get it back. Here goes the shortened version. CPC is down 26% today on news they'll miss analysts estimates - having difficulty w/ an acquisition. I think this is a buying opportunity. The company is Nashville based, and it seems you can't park your car in this town without paying them something. The numbers look good excepting a low ROE in current year. They have a high barrier to entry. They own the parking lots, and there's no more land to open a competing lot. Would be interested in any opinions. Will probably open a small position here, and fill out should the price drift lower. (In alot of these "crash" scenarios it seems a stock will recover slightly in the week following the crash only to drift lower in the coming months.) Shane