Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: Scrapps who wrote (28935)	3/11/1999 2:45:00 PM
From: matt fahy	Read Replies (1) \| Respond to of 45548

Hey 3Com got some "internet press", maybe we will double back to $50 in next few weeks! Internet stocks cruise higher Net deals broaden growth prospects for Net economy By Bambi Francisco, CBS MarketWatch Last Update: 1:02 PM ET Mar 11, 1999 Internet Daily Net headlines NEW YORK (CBS.MW) -- Many Internet stocks cruised higher Thursday triggered by Net deals and continued takeover speculation. The Goldman Sachs Internet Index rose 1.4 percent. The Amex Internet Index was up 1.7 percent. Investors remain excited about the growth prospects in the Internet economy, said Catherine Skelly, Internet analyst at BlueStone Capital Partners. America Online (AOL) and SBC (SBC) are teaming up to offer AOL members in SBC territories high-speed Internet access, the companies said Thursday. The deal follows a similar alliance AOL struck with Bell Atlantic in January. Shares of AOL rose 2 11/16 to 95 1/2. SBC edged higher. AtHome (ATHM) and Excite (XCIT) both fell. The proposed merger between the two companies is expected to close by April. The AtHome/Excite team is competing with AOL in the race to roll out broad-band services into the home and the workplace using cable. In another deal, 3Com (COMS) and Microsoft (MSFT) plan to co-brand home networking products, the companies said Thursday. The joint effort will enable multiple-PC families to share Internet connections. Shares of 3Com rose 2 to 26 5/8. Community sites are hot properties Shares of Xoom.com (XMCM) ran up 7 to 72 in recent trading. The community site ran up 4 3/4 Wednesday, after the community site announced it's offering members free unlimited Web hosting above the 11 MB previously available. BlueStone's Skelly also anticipates further consolidation in the community site sector as "big titans" seek to strengthen their direct marketing channel. "Xoom.com's independence could be short-lived since it's enhancing its e-commerce earnings potential which at the same time makes it increasingly attractive to potential acquirers," said Skelly. Meanwhile, rival GeoCities (GCTY) jumped in lock-step with merger-partner Yahoo (YHOO), rising 5 3/4 to 118. Yahoo rose 6 5/16 or nearly 5 percent to 181 151/16. Shopping bonanza Lands' End, Inc. (LE) released annual Internet sales figures for the first time in the company's history. The company said its three-year old Web site reported annual sales of $61 million in fiscal 1999, a three-fold increase from the year-ago period. Amazon.com (AMZN) climbed 3 1/16 to 140 3/15. Shares of the online book behemoth shot up 7 3/16 Wednesday after Merrill's Net bull Henry Blodget initiated coverage with a 12-month price target of $150. Shares of E-Bay (EBAY) rose 2 3/16 to 157 1/4. Online brokers Shares of e-brokers brushed off concerns about stepped-up regulation. Charles Schwab (SCH) and E-Trade (EGRP) gained better than one percent each. Ameritrade (AMTD) was down. Any short-term moves to the downside would be chalked up to profit-taking because increased regulatory oversight is expected, said CS First Boston Internet analyst Bill Burnham. He points out that since January, shares of Ameritrade are up 210 percent, E-trade has nearly doubled and Charles Schwab is up 33 percent. cbs.marketwatch.com