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To: Jenna who wrote (23716)	1/29/1999 7:44:00 PM
From: puborectalis	Respond to of 120523

Jenna....the hot IPO today is cheap when you look at its niche......From IPO Report(TUTS).............Holmes particularly liked Tut Systems, which develops digital subscriber line technology that makes it possible for existing copper phone wires to transmit data at much higher speeds than normal. At Home's recent purchase of Excite has Wall Street once again focusing on the bright prospects for broadband Internet access. (01/29/99, 7:34 p.m. ET) By Sergio G. Non, TechWeb Internet-inspired investors had an immediate impact Friday on the value of Tut Systems. Shares of Tut, which specializes in systems for high-speed data communications, more than tripled in value on their first day of Nasdaq trading under the symbol TUTS. From its IPO price of 18, Tut stock swelled 219 percent to close the day at 57 1/2, up 39 1/2. Such roaring debuts have become the norm for almost any IPO perceived as an Internet play. Lead underwriter Lehman Bros. anticipated high demand for Tuts' offering -- earlier this week, the IPO price was raised from the previously planned range of 14 to 16. The 2.5 million shares sold publicly represent 22 percent of almost 11 million shares outstanding. Of the more than $40 million that Tut netted from the IPO, $2.5 million will be used to acquire intellectual property, and the rest will be used for general corporate purposes. Tut sells systems -- including multiplexors, routers, modems, Ethernet extension products, and software -- for broadband data access over copper wires. Last year, the company's losses increased by 50 percent, to $13.7 million from $9.2 million in 1997. Sales rose nearly 70 percent over the same period, to $10.6 million from $6.2 million. Again following the recent norm, investors overlooked losses to make another Internet bet. Although virtually all of Tut's business since it began in 1991 has come from XL products for corporate networks, the company plans a big push this year into the market for high-speed Internet access to hotels, dormitories, and apartment buildings, said Amanda Berman, Tut spokeswoman. Tut also sells back-end high-speed systems for ISPs and other companies offering xDSL service. Such a push might be coming at just the right time. In its IPO filing with the U.S. Securities and Exchange Commission, Tut said it expects its XL products to be caught in a continued price war. The company already faces several larger competitors, including Ascend Communications, PairGain Technologies, and the Gargantua of the networking industry, Cisco Systems. And xDSL technology competes with cable modems and other forms of high-speed Internet access trying to gain wide acceptance. Tut's geographic mix could also pose a risk, given the global economic climate. More than 18 percent of Tut's business came from overseas sales last year, and that percentage is expected to rise. Tut has also developed a technology called Home Run, which allows households to link up their desktops and other computing equipment in a miniature version of a corporate intranet.

To: Jenna who wrote (23716)	1/31/1999 7:54:00 AM
From: Peng Chen	Respond to of 120523

Hi, Jenna I've been away from the stock market for a while and didn't look at your post(sorry). I just came back and found my portfolio increased by about 40 times. That's mainly NSOL, MSPG and other internet stocks you recommended sometime ago when I follow your post the most often(thanks). Just want to say hello and want to get your advise on BYND and QLGC. I just bought this two on Friday, the first day when I went back.(I saw your favoring GNET now). How's your performance(I don't know whether I should ask this or not, but I think you deserve to be the best performer). Thanks and B Regards. PCHEN