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

To: steve host who wrote (80)	1/14/1999 6:09:00 PM
From: .com	Read Replies (1) \| Respond to of 144

EXTREMELY POSITIVE REPORT. They rate FHT as Attractive, but I bet that they will raise to a buy in near future. I don't see how they can continually write such upbeat, encouraging and positive reports without making this a buy. Note the prediction of projected announcements including one in the couple of weeks. Below are highlights: "Fingerhut's strategic direction is transitioning from a pure catalog direct marketing company into an e- commerce/direct marketing catalog company. Currently, we believe most investors do not appreciate the e commerce play inherent in Fingerhut shares, but we believe that 1999 should be a breakout year for investors to appreciate this new direction." "Fingerhut, which historically has been a catalog of general merchandise targeting the lower income spectrum of the U.S. population, is in the middle of a rather remarkable transition. We believe that investors will more fully appreciate the benefits of this strategy as we move to the middle of 1999." "Fingerhut Business Services offers incremental growth and could be the hidden asset to FHT investors-" "Investors getting excited about the exploding growth of Internet retailing, should wonder how all of these web merchants are going to be able to handle all of the volume that is predicted." "Internet E-Commerce opportunity appears to be huge - Fingerhut, in addition to being one of the only providers of e- commerce back office and database services for others, has launched multiple e-commerce strategies complementing its own database and core catalog competencies." "we believe FHT's share price will also benefit from the string of announcements that we anticipate will come on both the Internet acquisition side, as well as the Fingerhut Business Services side (which we think could be the hidden asset of the FHT story)." "Management also indicates that we should see 10 to 15 more announcements throughout the year, beginning over the next few weeks."