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To: steve harmon - analyst who wrote (881)	4/4/1999 7:36:00 PM
From: RTev	Read Replies (1) \| Respond to of 4337

each will have to buy or build an audio platform Microsoft builds a streaming audio server that they virtually give away and a streaming audio client that they actually give away. They include the client with their OS as part of the bundled browser. What more do they need to buy or build? I'll admit, MS would probably love to have the market share that Real has, but it's doubtful that the FTC would let them get it by buying Real -- and even more doubtful that Real would sell out to their cross-lake rivals.

To: steve harmon - analyst who wrote (881)	4/5/1999 9:24:00 AM
From: Frost Byte	Read Replies (3) \| Respond to of 4337

Steve, you said: Finet (NASDAQ:FNHC - news) is more speculative than many would believe. Could you elaborate? FNHC looks solid to me...their management team is ubelievable...theri Chairman/CEO was the CEO of Norwest, the larget mortgage lender in the world...I think they are just beginning to enter strategic relationships....here's a summary: FNHC – Finet Holdings Current Price: $4 5/8 FNHC is the only publicly traded Internet mortgage lender, and as a competitor to E-LOAN, will receive a great deal of attention when E-LOAN goes public. E-LOAN filed their IPO last week and it is expected to be a blockbuster. Goldman Sachs, DLJ, and Hambrecht and Quist are underwriting the deal. Yahoo, Softbank, and Benchmark Capital are investors in E-Loan. Furthermore, the CEO of Yahoo, Tim Koogle, is on E-Loan's Board of Directors. Finet has greater revenues than E-Loan, has recently hired the ex-CEO of Norwest (the largest mortgage lender in the world) as their CEO, and is actively working with Wall St. analysts to begin covering the stock. Furthermore, according to CBS Marketwatch, FNHC is in discussions with major portals and on-line brokers to form strategic relationships. From CBS Marketwatch: The online mortgage provider is in talks with two portal companies for a major partnership, sources close to the company said. “We have spent two years building a machine," Rawitch (President of FiNet) added. "We are now ready to feed that machine by striking deals over the next 30 to 60 days with a number of online players who want to enter the mortgage lending business." He said the company remains in talks with other online companiers, including a major portal. Several online brokers would like to broaden their financial service. Ameritrade (AMTD), for example, is developing and testing a Web shopping site for mortgage, insurance and other services called OnMoney. A company spokesperson wouldn't comment on how it plans to build up these news services. The site is expected to be open this summer. News story off of Yahoo: According to Warburg Dillon Read: Finet is a little known mortgage broker and banker that is competing in the explosive on-line mortgage origination channel. Today, through its suite of services, products and web sites, Finet offers virtually every service offered by high profile competitors and, in our opinion, much more. Looking to the future of Internet mortgage banking, we also think Finet has a well thought-out winning strategy.'' About Finet Finet Holdings Corporation, including its wholly owned subsidiaries (the ''Company''), operator of FiNet.com, ''America's Home Finance Network'' is a leading edge provider of e-commerce home financing services that facilitates home ownership through a variety of technology-based products and automated services for consumers and real estate service providers. The Company offers automated financing solutions to electronically enabled mortgage brokers through Monument Mortgage and consumers directly through its Internet sites: www.interloan.com, an on-line home financing site; and www.iqualify.com, a Smithsonian Award-winning electronic mortgage approval service. Internet distribution channels include Internet financial sites, Internet home listing sites, financial lead aggregators and local and national Internet portals. CEO Interview on March 29th: biz.yahoo.com