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To: T.R. who wrote (2232)	12/3/1998 10:52:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 4903

USA Chief Defends Values For Internet Stocks (12/02/98, 7:29 p.m. ET) By Reuters ANAHEIM, Calif. - Barry Diller, home-shopping mogul and chairman of cable TV's USA Networks, defended the high values for Internet-related stocks on Wednesday, comparing Wall Street's current love affair with a similar phenomenon in the early stages of the cable and cellular telephone businesses. "I think we have to value Internet companies just as we valued cable companies in the early days, or cellular companies when they first came out," Diller told an audience at the Western Show, the California Cable Television Association's annual convention. "There were no revenues, but we sat down and looked at models to see what it [cellular] would be like 10 years ahead." "With Internet companies, you have to think about how they'll be in five or 10 years to figure out what to pay today," he said. Diller's remarks came as an online ticket vendor affiliated with USA Networks was set to go public. In yet another testament to the demand for Internet-related stocks, the expected price range on Ticketmaster Online-CitySearch's IPO was increased Wednesday to $11 to $13 a share from the original $8 to $10. Ticketmaster-CitySearch's deal has been widely anticipated among IPO investors ever since the Ticketmaster Online affiliate of Diller's USA Networks and CitySearch announced merger plans this summer. The news of the merger came shortly before CitySearch, an online guide to arts, entertainment, and events in various cities, was expected to go public. The companies said they would delay CitySearch's IPO plans, and go public later in the year as a combined company. NationsBanc Montgomery Securities, the lead underwriter for the 7 million share IPO, said the deal was scheduled to price Thursday night, with the stock debuting on Nasdaq Friday. Analysts said the new company holds extra appeal with investors because it is associated with Diller. The combined company also is viewed as having an intriguing niche on the Internet, because it lets users buy tickets to shows in the cities they research online, analysts said. Diller said he saw enormous potential for e-commerce because it's easy and saves time and energy. "The truth is you go online and you don't need to drive to the theater and buy tickets. Ticketmaster started selling tickets online a year ago, and it's about 6 percent of sales," he said. Diller said he envisioned his company as the "cable-broadband hybrid service" of the future. "We have the assets in the ground to work this out," he said. "We're both a programmer, a broadcaster, and very much in the world of e-commerce," he said. techweb.com

To: T.R. who wrote (2232)	12/3/1998 12:33:00 PM
From: Mohan Marette	Read Replies (2) \| Respond to of 4903

e-Commerce outlook - Users Plan to Shop Online for Holidays Deloitte & Touche and the National Retail Federation included a section on Internet shopping in their 13th annual Mood Survey: Retail Holiday Outlook. Surprise: the study found that Internet shopping is growing in importance to consumers. Stores to Gain from Internet Many retail stores will benefit from the Internet during this holiday shopping season, according to Cyber Dialogue. While its research says some 6.7 million adults will purchase holiday items online this year, an even larger number, 9 million shoppers, will buy items offline, after first gathering information online. -------------------------------------------------------------------------------- Amex Makes Its Holiday Predictions American Express predicted that online holiday shopping by consumers will rise from 8 percent in 1997 to 10 percent this year in its fourth annual Retail Index on Holiday Shopping. The report, based on a national opinion survey of 800 consumers, also found that 69 percent of retailers believe it is too early to know the true retail potential of the Internet. Thirty percent, on the other hand, believe the Internet is already proving to be an important channel. Online Buyers to Double by Close of '99 Over the past year, 16.8 million Americans have purchased at least one product or service online, according to eMarketer. By year-end 1999, however, the number of online buyers will double to 36.1 million, or 16.6 percent of the U.S. population 14 and older. Computer Equipment Sales Still Growing Computer hardware and software remain among the most popular items purchased over the Internet according to research by Forrester. French E-Commerce Worth $50 Million E-commerce in France is expected to generate $50 million in revenue in 1998, according to a recent study. The study, by the Benchmark Group, found that 10 percent of French Internet users will make a purchase online by the end of the year. Online Retail to Pass $100 Million by 2003 Forrester Research Inc. has followed up its projection that consumers will spend $3.5 billion on online purchases in the fourth quarter of 1998 by predicting the value of online retail sales will increase to six percent within five years. Forrester predicts retail revenues totaling $108 billion in 2003. 81 Percent Plan to Shop Online A study by IntelliQuest Information Group of consumers' e-commerce activities and plans has found that 81 percent of those surveyed intend to shop or buy online in the next 12 months. Holiday Sales May Hit $2.3 Billion Shoppers are expected to spend $2.3 billion online during the 1998 holiday shopping season, up from $1.1 billion in 1997, according to research released by Jupiter Communications. Louis Harris & Associates Inc. reports that 43 percent of American computer users say they are likely to shop on the Internet this holiday season. Retailing Archives To read the articles in details go to: cyberatlas.internet.com