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To: Elwood P. Dowd who wrote (41769)	12/30/1998 7:02:00 PM
From: sheila rothstein	Read Replies (1) \| Respond to of 97611

El, I'll quit my job after it hits 60. SR

To: Elwood P. Dowd who wrote (41769)	12/30/1998 9:38:00 PM
From: Night Writer	Read Replies (2) \| Respond to of 97611

It's not looking good for the nets here. NW The era of gravity-defying Internet stock valuations will come to an end in 1999, according to a firm that tracks information technology and its use by consumers. A correction will create winners and losers in the Internet market, intensifying competitive pressure and drive companies to consolidate, International Data Corp. said on Wednesday. "We're taking a look at history," Frank Gens, senior vice president of Internet research at IDC, said when asked why he thought universal exuberance over Web-related stocks could end next year. "In the birth of the PC business 15 or 20 years ago, people were excited, billionaires would be created, but the number of companies that lived up to the big expectations were measured in handfuls, rather than thousands." (Reuters 04:06 PM ET 12/30/98) For the full text story, see infobeat.com * INTEL CORP recently sold 201,253 shares of CNET INC for about $12 mln and 242,500 shares of INKTOMI CORP for nearly $34 mln, SEC filings show. An Intel spokesman confirmed on Wednesday that the company sold shares in CNET, which produces an online news service, and Inktomi, an Internet software company. He characterized the moves as a routine part of the Santa Clara, Calif.-based company's investment strategy. "We like to invest in companies that have the potential of growing the overall computing market segment," Robert Manetta said. "That's generally the reason that we invest in these companies. Obviously we also like to see a financial return if we can get it as well." (Reuters 02:06 PM ET 12/30/98) For the full text story, see infobeat.com * MARKET NEWS: U.S. stocks fell on Wednesday, ending an eight-day winning streak for the blue-chip Dow Jones Industrial Average and the recent run-up in some of the market's hot cyberstocks. The Dow shed 46.34 points, or 0.50%, to close at 9274.64. The technology-heavy Nasdaq Composite Index dropped 14.83 points, or 0.68 percent, to 2166.94, with some of the sharper losses in the group coming from high-flying Internet companies that have racked up huge gains in recent days. The S&P 500 Index, a broader market gauge, fell 9.88 points, or 0.80 percent, to 1231.93. But the Russell 2000 Index of small stocks, which has lagged rest of the market for much of 1998, gained 1.50 points, or 0.37 percent, to 411.91. Trading volume was moderate, with roughly 600 million shares changing hands on the Big Board. The long-bond was up 6/32 to yield 5.09%. (Reuters)