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Technology Stocks : Ticketmaster-Citysearch (TMCS) -- Ignore unavailable to you. Want to Upgrade?

To: Urlman who wrote (179)	12/24/1998 7:40:00 PM
From: Henry D	Read Replies (2) \| Respond to of 803

hopefully next month the underwriting firms' analysts will issue some positive comments on TMCS....

To: Urlman who wrote (179)	12/28/1998 11:15:00 AM
From: Hunter Vann	Respond to of 803

Diller on Lou Dobb's Money line tonight? Could have a considerable impact on the stock price tomorrow...

To: Urlman who wrote (179)	12/28/1998 1:17:00 PM
From: sam	Read Replies (1) \| Respond to of 803

What is a good price to get Ticketmaster? I like the concept very, very much. Know very little about the actual business. Any help will be appreciated. BTW, here's what Briefing.com has to say today: TICKETMASTER ONLINE-CITYSEARCH (TMCS) 71 +5 1/2. Shares of local city guides, local advertising and live event ticketing on the Internet continue to gyrate after falling by $15 on Thursday. Today, the stock is rebounding, but only regaining a little more than one-third of the value it lost on Christmas eve. Still, for a stock that began at $14 a share at the beginning of the month, and traded as low as $31 13/16 as recently as ten days ago, it has performed well in its short public life, in keeping with the performance of other Internet stocks. Following initial ratings by three brokerage firms this morning, the stock gained more $13 points today before giving ground. Both NB Montgomery Securities and BancBoston Robertson Stephens initiated coverage of TMCS with "buy" ratings, while Bear Stearns started coverage with an "attractive." Of the three Wall Street firms, probably Roby Stephens is the most bullish, believing that its current business model will allow TMCS to grow its user base and "sell local and national retail advertising similar to retail advertising in local newspapers." To be sure, with more and more people utilizing the Internet to conduct business transactions, from buying airline tickets to purchasing computers and apparel, it makes sense that event ticketing and local city guides are among the niche markets that can be exploited via the Net. However, it takes a strong constitution to buy a stock like TMCS on the view that it will be the dominant player in this arena. Trading at more than 70 times trailing sales, the stock appears to be well overvalued. But valuations take on a different meaning on the Internet, and so far this year, Internet issues have defied logic.