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To: Smart Investor who wrote (16234)	12/22/1998 7:53:00 PM
From: Follies	Read Replies (1) \| Respond to of 27307

if it is a public company traded on NYSE or NASDAQ, there should be some requirements that at least 75% of total shares should be in float. Otherwise, go home and have it as a private company. Yeah, take MSFT out of the SP500.

To: Smart Investor who wrote (16234)	12/22/1998 10:01:00 PM
From: Bill Harmond	Read Replies (3) \| Respond to of 27307

>>AOL is valued at about 1/4 of YHOO on per user basis. How so? >>YHOO is just passing by. Why's that?

To: Smart Investor who wrote (16234)	12/23/1998 12:09:00 AM
From: damniseedemons	Read Replies (1) \| Respond to of 27307

>there should be some requirements that at least 75% of total shares should be in float> No way. By saying something like that, I'm sure you'll be surprised to hear that even MSFT (for just one example) still has floated less than 75% of its outstanding shares. Also, I think the idea of halting volatility is ridiculous. Internets are just a small sub-sector of the entire stock market. They're glamorous and generate a lot of headlines, sure, but in the grand scheme of things their action really isn't that significant. The wildly volatile stocks will come and go--today's happen to be internet stocks, but it won't always be that way. At some point, the strong internet companies will begin to behave more normally; meanwhile, the weak companies will be forgotten in stock-market oblivion.