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Non-Tech : DWLima: Investing for Personal Wealth -- Ignore unavailable to you. Want to Upgrade?

To: dwlima who wrote (90)	1/9/1999 10:44:00 AM
From: scouser	Respond to of 245

Dave, DBCC up $10 in 2 days, how did we miss that? Regrds John

To: dwlima who wrote (90)	1/9/1999 1:24:00 PM
From: RocketMan	Respond to of 245

David, read the following article. I agree with his statement that online drugstores are going to be huge. I looked at planetrx and drugstore.com, but they are still private as far as I can tell. We need to figure out how to play the online drugstore stocks when they go public. As the article says, everyone hates to go to the drugstore to buy medicines, and an online service should be able to provide generic medicines very cheaply. This is going to be a megamarket. America Online (AOL:NYSE). "In the current pullback, this market's giving you a rare chance to get in. The company PC users love to hate and investors love to love, and an absolutely essential core holding for the Internet Economy. (A core holding with a P/E of 463? Yes.) Until recently, AOL was seen as the lucky beneficiary of being in the right time and place. Now it's becoming a real company, and making its own luck. AOL's deal, just announced, with PlanetRx.com, the first serious online drugstore, is a good example: AOL pockets a $15 million fee, delivers 15 million potential customers, and has lots more coming up with this new vendor of prescription drugs, vitamins, and health and beauty aids. (I also expect big things this year from drugstore.com, the start-up backed by Kleiner Perkins that opens in the spring. The online-drugstores market is going to be huge, vicious and incredibly profitable. Many of us like going to the drugstore with our 'scrips even less than we like going to bookstores, CD stores and computer stores. PlanetRx smells like a survivor, and the AOL partnership is part of that scent of success."