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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (46587)	3/19/1999 11:06:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164685

It appears that everyone sold IBM today. To raise the $cash for next weeks mania. >> New York, March 19 (Bloomberg) -- Four Internet companies plan initial stock sales next week, and investors say they're likely to meet a rousing reception. The Internet companies include two automobile Internet sites: Santa Clara, California-based Autoweb.com Inc., an online auto dealer, and Irvine, California-based Autobytel.com Inc., which operates a Web site for purchasing new and used vehicles. Autoweb.com plans to sell 5 million shares at $10 to $12, raising about $55 million. Autobytel.com plans to sell 4.5 million shares at $16 to $18, raising about $76.5 million. Three non-Internet companies also plan initial stock sales, though they are likely to be relatively neglected, analysts and investors say. ''The Internet stocks are sucking the oxygen out of the market,'' said David Menlow, president of the IPO Financial Network, a research firm in Millburn, New Jersey, that rates IPOs. The market for IPOs with online ties remains very robust, observers say, as Internet stocks soar. The Inter@active Week Internet Index rose 7.8 percent this week. Non-Internet IPOs are drawing less enthusiasm. Some non- Internet companies that went public earlier this month aren't trading very well, including Argosy Education, which is below its issue price. Boyds Collection Ltd. is trading near its issue price. Internet IPO Demand Judging by the way investors snapped up Internet IPOs this week, the Internet IPOs should meet strong demand, investors say. IVillage Inc., which runs Internet sites with news and information for women, more than tripled today, its first day of trading after it sold shares to the public. The stock rose 56 1/2 to 80 1/3, even though it has a history of losses. Cheap Tickets Inc., a discount retailer of airline tickets that's expanding its Internet business, more than doubled in its first day today, gaining 16 1/4 to 31 1/4. Multex.com Inc., which distributes Wall Street research, more than doubled Wednesday. The two other Internet companies planning initial sales next week are OneMain.com Inc., a Southhampton, New York-based Internet service provider for rural and other remote areas. It plans to sell 8 million shares at $18 to $20 each, raising about $152 million. New York-based MiningCo.com Inc., an Internet search directory that helps users navigate the World Wide Web, plans to sell 3 million shares at $12 to $14 each, raising about $39 million. IVillage IVillage sold 3.65 million shares at $24 each, raising $87.6 million from the sale of a 16 percent stake. The initial sale price was at the high end of the range set before the sale by underwriter Goldman, Sachs & Co. Strong demand led Goldman to increase the price range 77 percent earlier in the week. Individual or ''retail'' investors are responsible for the surge when trading started, said Amy Selner, manager of the $610 million Berger Small Company Growth Fund, who bought iVillage shares in the initial sale. ''The retail market is bidding iVillage right up,'' she said. ''With all of the hype about the Internet, that is why people are getting into this (stock).'' <<

To: H James Morris who wrote (46587)	3/20/1999 9:01:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164685

>>One thing is certain: There will be no peace in these personal computer stocks.<< Glenn, for almost a month. We've been told they're coming down. If this market does correct. What do you think the flight to quality will be? Oil and, banks. We can't live without them. Trust me. James, The flight to quality will be in AMZN. There is not a chance they can dissappoint on earnings. We also can't live without them due to the lack of oil. No one wants to walk to the drugstore, the music store and the book store. Trust me! Glenn