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Technology Stocks : Fingerhut (FHT) goes on Web site acquisition binge -- Ignore unavailable to you. Want to Upgrade?

To: John T. Hardee who wrote (49)	1/4/1999 5:46:00 PM
From: Gordon A. Langston	Read Replies (1) \| Respond to of 144

FINGERHUT is one of Smith Barney's top 86 stocks for 1999. Typically they view it as a conservative play on the internet. They state the shares are valued at a 50% discount to the market multiples for 1999. Estimates are $1.05 in 1999 and $1.25 in 2000. Analyst also sees the outsourcing of its infrastructure to serve third-party business will enable increased margins over its core catalog business due to less risk, and volume will be incremental. Gordon