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To: Rob S. who wrote (48001)	3/29/1999 9:13:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Alger tabs women-driven iVillage <IVIL.O>-Barron's NEW YORK, March 29 (Reuters) - David Alger, author of "Raging Bull" and chief executive officer of Fred Alger Management in Manhattan, tabbed popular online women's web site iVillage Inc. <IVIL.O> as one of several Internet stocks he liked in an interview in this week's edition of Barron's. After falling behind initially in terms of Internet usage, Alger told Barron's that women have caught up. Women also make 70 percent of family purchases, Alger said. "iVillage.com really supplies a lot of information content across a lot of different areas," Alger told Barron's. "Everything from child care to astrology, to relationships, to the kinds of things you would find in women's magazines ..and it's starting to branch out as an e-commerce company." Alger pointed to the company's subsidiary, iBaby.com, which sells children's products, as well as its alliance to start selling pet food an other pet items as areas for growth. "We think they will develop a site on health and beauty aids, and that they'll enter the fashion arena," Alger said. "I think it's a very exciting company. You got to believe that this is a revolution and you want to be in on the front edge of it." With a market cap of $1.4 billion, ivillage is not very big as far as Internet companies go, Alger told Barron's. "Its 30-times our revenues estimate estimate versus 70 times for Yahoo! Inc. <YHOO.O>. We think revenues will grow 50 percent-plus a year, so the valuation could double in two years," Alger said. Among other Internet stocks, Alger picked Amazon.com Inc. <AMZN.O> as well as AtHome Corp. <ATHM.O> and Broadcast.com Inc. <BCST.O>. "AtHome has 300,00 subscriber and is rising sharply and the (planned) acquisition of Excite (Inc. <XCIT.O>) lets AtHome offer not only the ability to hook up cable TV and get much faster Internet service, but also provide its own proprietary portal," Alger said.