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To: Jason Albert who wrote (28)	12/30/1998 6:29:00 PM
From: Sir Auric Goldfinger	Respond to of 45

smartportfolio.com "THE SMARTPORTFOLIO.COM UPDATE: YEAR END WRAP UP 12/30/98 18:21 Business Editors ARLINGTON, Va.--(BUSINESS WIRE)--Dec. 30, 1998-- The following was released Wednesday from SmartPortfolio.Com, Inc.: Stock prices are reflective as of 4:00 p.m. EST. The Dow Jones Industrial Average closed down 46.34 to 9274.64, the Nasdaq slid 14.82 to 2166.95, and the S&P 500 was off 9.88 to 1231.93. Shares of internet companies took a breather today, as investors expressed caution over internet stock valuations after reading articles in today's Wall Street Journal, including Greg Ip's column entitled "There's No Mania Like Internet Mania." Another Journal article, written by Aaron Lucchetti, questioned the frenzy surrounding certain internet retailing stocks. Two stocks highlighted in the article, SkyMall (Nasdaq:SKYM) and Active Apparel Group (Nasdaq:AAGP), dropped significantly today. SkyMall dropped 31.90% to 27 3/4 (down 13) and Active Apparel tumbled 34.21% to 12 1/2 (down 6 1/2). But the Journal's articles didn't dampen all internet stocks. Shares of Genesis Direct (Nasdaq:GEND) jumped 2 13/16 to 9 7/8 after the company announced a marketing agreement with Excite (Nasdaq:XCIT). The company plans to bring 20 Genesis Direct brands to Excite's internet sites, including its proteam.com sports merchandise store. Excite closed down 4 1/6 to 44 11/16. Other internet stocks also climbed. Investors cheered the announcement of a 2-1 stock split by Inktomi Corp. (Nasdaq:INKT), payable on January 12, 1999 and mailed to shareholders on or around January 27, 1999. The shares were up 5 to 132 at the close, and traded as high as 146 5/8 during the day. Track Data Corp (Nasdaq:TRAC) jumped 101.64% (up 3 7/8) to 7 11/16 after the company announced plans to provide on-line trading to its clients. Shares of other online brokers gave up the huge gains they had enjoyed throughout the week. ETrade (Nasdaq:EGRP) was off 15.49% (down 9 5/16) to 50 13/16 and Ameritrade (Nasdaq:AMTD) was off 8.84% (down 3 1/4) to 33 1/2. Shares of America Online (NYSE:AOL) traded within a range of 134 to 154, and finished down 7 3/16 to 147 7/16. In the middle of the trading day the company announced that its membership now exceeded 15 million users. Its Chairman, Steve Case, said that more new users signed up with AOL on Christmas Day than any other day in the company's history. The S&P 500 Index played a role in several stock prices this week. As noted in earlier updates, shares of AOL will be added to the index and have surged recently. Shares of Selectron Corporation (NYSE:SLR) jumped 5 1/2 to 93 after announcing that it would be added to the index. And shares of Amoco Corp. (NYSE:AN) dropped 3 1/4 to 54 3/4 since the stock will be leaving the index after its merger with British Petroleum PLC. Firstar Corp. (NYSE:FSR) will replace Amoco, and the stock was up 4 to 91 5/16. In a related announcement, S&P reported that it will release its membership changes at 5:15 PM in the future. This is a free market update from SmartPortfolio.Com Inc. (http://www.smartportfolio.com). To receive this service via e-mail, please visit the SmartPortfolio.com web site or send a blank e-mail to smartportfolio-on@mail-list.com. The company does not sell its subscriber lists and e-mail addresses are kept confidential. SmartPortfolio.Com Inc. is a Delaware corporation and a Registered Investment Adviser in Virginia and Florida. --30--KMK/ph CONTACT: SmartPortfolio.Com Inc. Chris McLaughlin, 703/525-2848 smartportfolio.com advising@smartportfolio.com