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Technology Stocks : The Roaring Twenty 1998 -- Ignore unavailable to you. Want to Upgrade?

To: White Shoes who wrote (234)	1/1/1999 5:00:00 PM
From: Dale Baker	Read Replies (1) \| Respond to of 338

I will certainly play closer attention to the 1999 picks after that track record. Last year you had the disadvantage of, let's say, an underperforming 1997 portfolio. It was hard to make the leap to the great unknown companies which made the final cut. Then I didn't know how much was value and how much just froth. This year I think we will come up with a roster with a little more name recognition but still room to move. According to my shoddy records, here are the candidates so far (including last year's carry-forwards and your latest additions): CMIV GNET INSO OTEXF WCOM CMGI RNWK MXTR PLCM MFNX APCC COGNF CC DISH IACO FHT GEEK That's 17. We should be batting around 30 - 50 to make our final cut to 20. I suggest that anyone who participates gets to pick a final 20 in priority order. Then we just crunch the numbers in a popularity contest. OK?

To: White Shoes who wrote (234)	1/2/1999 8:28:00 AM
From: Dale Baker	Respond to of 338

MFNX - I know you aren't into SEC filings, but this is another great one: sec.yahoo.com. I especially like this part. "INTEREST EXPENSE Interest expense decreased in the three months ended September 30, 1998 to $4,000 versus $53,000 for the three months ended September 30, 1997. Interest expense decreased in the nine months ended September 30, 1998 to $16,000 versus $732,000 for the nine months ended September 30, 1997. The decrease in interest expense reflects the repayment of all of the Company's debt in 1997 with the proceeds from the Metromedia Investment in the second quarter. " That means MFNX has done the hard part in infrastructure building - getting the damn thing up and running - but they won't be wiped out by amortization and interest costs. None of the other infrastructure companies is close to profitability (QWST, etc.). The fiber optic network companies differ from other equipment and infrastructure companies like ANDW. If you want a satellite dish, call ANDW. If you need a network to plug into, call MFNX. WMB is building the same thing, which they will spin off separately sometime in 1998. WCOM also has a lot of its own fiber. I remain very bullish on MFNX for next year. I will get some myself once I finish with some microcap plays now underway.