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To: Bobby Yellin who wrote (31968)	4/17/1999 10:30:00 AM
From: goldsnow	Read Replies (1) \| Respond to of 116764

Bobby congrats you have just coined the new term :) "Internet Juniors"

To: Bobby Yellin who wrote (31968)	4/17/1999 1:02:00 PM
From: goldsnow	Respond to of 116764

No, USA support Pakistan (thus allienating India) leaving them to play with China.. OT investors smell a rally By David Callaway, CBS MarketWatch Last Update: 11:27 AM ET Apr 17, 1999 Socks to Watch SAN FRANCISCO (CBS.MW) -- Nobody's saying it too loudly, because they don't want to jinx it. But some fund managers smell a rally in the long-beleaguered market for small-cap stocks. After five years of watching the big-cap, blue-chip stocks such as Gillette (g: news, msgs) and IBM (ibm: news, msgs) dominate the market, and following several false starts, small-cap stocks posted one of their strongest performances in months last week, with the Russell 2000 index rising 3.9 percent to its highest level since early February. "The long-awaited small-cap rally has started,'' said Stephen Janachowski of Brouwer & Janachowski, a Tiburon, Calif.-based fund consultant. "All the classic signs of the end of a long bear market are there.'' Janachowski pointed to a surge in redemptions of small-cap funds in the last few months, which he said indicates that investors -- and even some small-cap fund managers -- grew so depressed about the performance of small stocks in the last few years that the market may finally have bottomed out. The average small-cap fund was down 3.25 percent this year through April 14 and down more than 14 percent in the last 12 months, according to Morningstar Inc., the Chicago-based fund researcher. These performances came as the Dow Jones Industrial Average soared ever higher toward (and then above) 10,000 and as the Standard & Poor's 500 index notched a 27 percent gain last year. Some have managed to claw their way out of the red, however, by investing in either middle-cap shares or small technology companies that could take advantage of the Internet craze on Wall Street. Among those are the Van Wagoner Post-Venture Fund (VWPVX), up 73 percent this year through April 14; the Van Wagoner Micro-Cap Fund (VWMCX), up 48 percent; and the Robertson Stephens Emerging Growth Fund A shares (RSEGX), up 40 percent, according to Morningstar. About time Raiford Garrabrant, an analyst with Van Wagoner who focuses on the Micro-Cap Fund, said it's been boosted by emerging-growth stocks such as Concentric Networks (cncx: news, msgs), TeleBank Financial (tbfc: news, msgs) and SDL Communications (sdli: news, msgs). "Over the last six months, we've seen the market at least warm up on these types of stocks,'' said Garrabrant. "As much as small-cap stocks have underperformed over the past few years, it's certainly their turn. Whether that was this week is hard to tell.'' Garrabrant said that a few times since 1994, when the Russell 2000 last outperformed the S&P 500 stock index, small stocks have had mini-rallies that have lasted a few weeks or even up to a couple of months. This time, though, he says the difference in values between stocks of small and large companies has grown so wide that it almost certainly has to come down soon. The only thing that could stop it: a big decline in the entire market, which would take all stocks down with it, he said. "If the market as a whole goes down from here, I don't expect small caps to outperform,'' Garrabrant said. "Looking out over the next 12 months, though, I would expect small caps to do better.'' David Callaway is managing editor for news at CBS MarketWatch.

To: Bobby Yellin who wrote (31968)	4/17/1999 4:27:00 PM
From: Alex	Read Replies (1) \| Respond to of 116764

More takeovers on the way for N.A. golds................. Gold Fields is now No 2 M Gebhardt The Star Business Report, 8 Apr 1999, p 1, Financial Times, 8 Apr 1999, p 20, Business Day, 8 Apr 1999, p 13, Mining Journal, 9 Apr 1999, p 267 Driefontein's minority shareholders have approved the reverse takeover of the company by Gold Fields to create the world's second-largest gold producer,with a market value of R12 billion. The offer was approved by 77% of the minority shareholders. The reverse listing will take place in May 1999. The new company will take the name Gold Fields, and will have proven reserves of 96 million oz of gold, and annual production in excess of 4 million oz of gold at total cash costs of around $200/oz. Gold Fields' chairman, Chris Thompson, said the transaction will provide Gold Fields with a springboard to buy overseas, especially in North America and Australia.