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Strategies & Market Trends : Keep Your Eye On The Ball - Watch List -- Ignore unavailable to you. Want to Upgrade?

To: CanynGirl who wrote (404)	12/27/1998 10:36:00 PM
From: RikRichter	Respond to of 2802

Another one to watch ... SLEU (iSleuth.com) which bottomed recently at 2 and closed at 3 3/16 bid. It is developing a comparative shopping search engine with Inktomi (INKT) which will include 200 online merchants, 14 product categories and 500,000 products. SLEU has signed deals with 24/7 Media (TFSM) and MBNA Bank. If S&P Online info is correct, SLEU has only 2 million shares outstanding. Regards.

To: CanynGirl who wrote (404)	12/27/1998 10:55:00 PM
From: TFF	Respond to of 2802

The move in EGRP and AMTD was a major one and might foreshadow a new hot internet sub group - financial sevices and information: MARG,TRAC,TSCN,PQT,OMGA Possible IPO's/Aquisition targets - QUOTE.COM,THESTREET.COM,Briefing.com,Datek

To: CanynGirl who wrote (404)	12/28/1998 5:24:00 PM
From: TFF	Read Replies (2) \| Respond to of 2802

Current Final Frontier Watchlist: Internet Sector: Portals: yhoo aol seek lcos xcit inkt gnet nscp ISP's mspg elnk EFinancial Services egrp mktw pqt marg ntbk dbcc Etailers amzn skym ktel cdnw ntki ppod bamm ewbx cool eggs cysp ETravel: ifly ptvl EAuctioners: ebay onsl ubid mall ECommunications rnwk bcst sevl cych mail omkt driv EAdvertising: netg dclk nsol tfsm cmgi ENet mags: cnwk zd ECommunities: tglo gcty xmcm

To: CanynGirl who wrote (404)	12/28/1998 6:47:00 PM
From: TFF	Respond to of 2802

Schwab market cap passes Merrill Lynch By Reuters Special to CNET News.com December 28, 1998, 3:00 p.m. PT Shares of the biggest online broker Charles Schwab jumped today, pushing the firm's market capitalization ahead of Merrill Lynch on expectations the Internet would replace brokers as the way to buy and sell securities, analysts said. Other Internet brokers' stocks also rallied on hopes of higher trading volumes, after online broker ETrade said its site had lured thousands of customers since its launch in September. "There is a lot more enthusiasm about the viability of the online channel as being not just a new discount channel but offering the ability to move upstream and provide all the services of a full-service brokerage,'' said Steve Franco, an analyst at Piper Jaffray said. "These brokers are really redefining what a brokerage firm will look like in the next century as opposed to just defining a segment within the industry.'' Schwab stock, which hit a high of 68.50 during the day, finished up 3.25 a share at 63.625. Based on the company's 400.9 million shares outstanding, Schwab's market capitalization is now $25.51 billion. The market capitalization of Merrill, which vies with Morgan Stanley Dean Witter. for the title of the world's biggest securities firm, is $25.36 billion, based on 358.5 million shares outstanding. Merrill's stock ended down 1 at 70.75 a share. ETrade stock surged 11.75 to 56.75, Ameritrade jumped 4.25 to 33.25 and shares of Donaldson Lufkin & Jenrette, whose DLJ Direct online unit is the fourth-largest online brokerage, rose 1.375 to 41.50. "I think today's move is related to the E*Trade announcement,'' said James Marks, an analyst at Deutsche Securities. Robust trading volumes also helped boost shares in the firms, which charge low commissions and are taking business away from the traditional Wall Street brokerage firms. Last week AmeriTrade said it expected profits of $2.6 million to $3.2 million in its first quarter ending December 31, helped by record volumes of more than 32,000 trades a day. Schwab reported a record 121,000 trades a day in November. "The retail trading environment, especially the Internet trading environment, has been very robust of late,'' said Michael Flanagan, an analyst at Financial Service Analytics. ''All Internet brokers are in a position to benefit. Schwab is perhaps in a better position to benefit because it began this surge with a lower valuation than other Internet brokers.'' Stocks of online commerce companies, including the brokers, have boomed lately amid evidence that consumers are making more purchases through their personal computers. Flanagan said Wall Street is ratcheting up the price of Schwab stock, taking it out of the ranks of traditional discount brokers and placing it among the high-flying Internet shares. "We have seen a phenomenal surge in Schwab shares through the fourth quarter,'' Flanagan said. "Schwab is undergoing a transformation from being valued as a discount broker with a very high earnings growth rate to being valued as an online broker with a very high earnings growth rate.'' Schwab has also been the target of rumors that giant securities firm Merrill Lynch might buy the firm. But Deutsche's Marks said, "We did a little analysis on dilution if there was a Merrill takeover of Schwab -- it's so substantial that [the rumor] is just not credible.''