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To: Moneysmith who wrote (6080)1/14/1999 3:05:00 PM
From: waldo  Read Replies (2) | Respond to of 37507
 
>>"We are reducing our near-term opinion on the Internet sector, although we remain bullish for the long term," Braverman said in a note to clients.

Braverman said sequential growth should slow for the first time in the first quarter and that current valuations "assume operational perfection." External events, he added, could negatively affect valuations, he said in a report to clients.

Part of the allure of the sector has been that its growth potential remains unknown, market analysts said.<<

Net stocks slip on valuation concern

By Stephanie O'Brien, CBS MarketWatch
Last Update: 12:00 PM ET Jan 14, 1999NewsWatch

NEW YORK (CBS.MW) -- Internet stocks slipped Thursday morning amid some bearish remarks from Wall Street about the sector's too-high valuations.

cbs.marketwatch.com

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