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To: Jenna who wrote (20016)12/16/1998 9:08:00 PM
From: Teri Garner  Respond to of 120523
 
Online shopping in U.S. surges during holidays

Wednesday December 16, 8:17 pm Eastern Time
Online shopping in U.S. surges during holidays
By Gregory Crawford

CHICAGO, Dec 16 (Reuters) - Online shopping in the United States was forecast to grow by leaps and bounds this holiday season, and early indications suggest the growth in Internet retailing is meeting those expectations, keeping investors hot on the trail of Internet-related stocks.

On Wednesday, America Online Inc. (NYSE:AOL - news), the world's largest online service, said holiday visits to its shopping channel surged 350 percent over last year, with 750,000 members moving from shopping to buying online for the first time.

In addition, members are buying more often and spending 48 percent more on each purchase, for an average of $54 an item, the Dulles, Va., company said in a statement.

The news helped drive AOL shares sharply higher on the New York Stock Exchange, where they rose $3.44 to $96.19 in heavy afternoon trading. It was the most active stock on the Big Board, with turnover topping 11 million shares.

Among other Internet retailers, Amazon.com Inc. (Nasdaq:AMZN - news) surged $46.25 to $289 after an analyst at CIBC Oppenheimer raised his price target to $400 from $150. Books-A-Million Inc. (Nasdaq:BAMM - news), which said it planned to buy privately-held Internet services company NetCentral Inc., gained $8.06 to $18.125.

Elsewhere in the group, Egghead.com Inc. (Nasdaq:EGGS - news) rose $1.06 to $20.50, ONSALE Inc. (Nasdaq:ONSL - news) gained $2.875 to $40.375 and CyberShop International Inc. (Nasdaq:CYSP - news) rose $1.25 to $16.94. Cybershop said Wednesday it would sell its electronic goods through E*Trade Group's shopping center on the Internet.

Research firm Jupiter Communications forecast that online shoppers will spend $2.3 billion during the holiday season this year, up from $1.1 billion last year.

''There's an enormous run-up in traffic going to shopping sites,'' said Bob Ivins, a senior vice president at Media Metrix, which has been tracking online shopping trends.

A Media Metrix study released this week found that online shopping rose nearly 80 percent during the December 4-10 week compared to the previous week.

The study found that department store Web sites had the biggest week-to-week increase, but traffic remained heavy at toy sites as well. Books, music and movies and specialty clothing stores were also popular.

''Everyone we talk to is reporting record-breaking traffic,'' said Andy Sernovitz, who runs the Association for Interactive Media. ''What's interesting is that everyone we're talking to is reporting a record number of new customers -- people who never shopped online before this year are buying one or two items.''

He said defining how much Web site traffic translates into actual sales is nearly impossible.

Richard Gordon, founder and chairman of the Electronic Commerce Association, characterized growth in Internet commerce as being like getting on a high-speed elevator and going from the first floor to the 30th floor in seconds.

He compared it to the ''escalator fashion'' which is a slower, steady increase.

''December 1998 will mark in my opinion the first significant elevator event because we will see people become so much more familiar with this method'' of shopping, he said.




To: Jenna who wrote (20016)12/17/1998 8:58:00 AM
From: Charliss  Read Replies (1) | Respond to of 120523
 
Robb Report goes e-commerce:

go2net.newsalert.com



To: Jenna who wrote (20016)12/17/1998 10:25:00 AM
From: SBerglowe  Respond to of 120523
 
Jenna, Happy Holidays... You might wish to look at ASPT. I think the stock is bottoming NOW!! Earnings due out mid January, I think they might be pretty good, but still doing due dilly. However, I bought the stock today.



To: Jenna who wrote (20016)12/17/1998 10:36:00 AM
From: Swami  Respond to of 120523
 
FRAG still smelling good!



To: Jenna who wrote (20016)12/17/1998 10:43:00 AM
From: lebo  Read Replies (2) | Respond to of 120523
 
Hi Jenna,
I like CBS and AOL and therefore NSCP. Here is why:

Re: AOL & CBS and the whole industry
To everyone,

when convergence comes into play, the internet needs distribution via TV into America's homes-it almost won't matter anymore what "CBS" or "NBC" means- people will choose which programs they want to watch, when, and how much "support" or "related info" they want via the internet simultaneously-
I guess there won't be TV networks as we know them today-
The most important fact is that right now, the internet guys need CBS and NBC and the likes - to get into people's homes (en masse) and cars (radio)
- in the near future- CBS will need them!
CBS, technically, would be the best route for AOL to buy or partner with-- CBS are the largest TV broadcaster (as far as reach/markets) in the country.

AOL/NSCP merger will drag NSCP up with AOL

What is your view on this analysis



To: Jenna who wrote (20016)12/17/1998 8:09:00 PM
From: Jenna  Read Replies (1) | Respond to of 120523
 
Market Gems Price changes..Effective January 1, 1999, there will be an increase in the subscription fee schedule. The new rates, in US dollars are: Monthly $40.00; Quarterly 110.00; Annual $375.00. New subscription rates for AB Watley clients: Monthly: $35.00; Quarterly: $100.00; Annual: $350.00. We see these new rates as in effect for the foreseeable future. We are still 300% cheaper than comparable services

Current subscribers will be renewed at their present rate for one renewal cycle. New subscribers until January 1, will be grandfathered in at the old rate until their next renewal cycle. Current subscribers can change their status if they wish (i.e. from monthly to quarterly, or annual if they wish to) The new fee schedule will take effect on the second renewal cycle. Any questions please relegate to private e-mail, or jenna7@adelphia.net. Market Gems on Silicon Investor can not hold discourse on opinions, questions or anything else that is not in keeping with the theme of the thread.

www.marketgems.com