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

To: $Mogul who wrote (52825)	4/26/1999 7:24:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Internet stocks jump as investors look to earnings NEW YORK, April 26 (Reuters) - Internet stocks helped boost the overall market Monday morning, as investors optimistically looked toward earnings reports due this week from some leaders in the industry. American Online Inc. <AOL.N>, online auction pioneer eBay Inc. <EBAY.O> and Internet retailer Amazon.com Inc. <AMZN.O> are all slated to report their results this week. Analysts said the three companies are being watched for indications of overall performance in the fast-growing sector. "AOL in particular is the bellwether for the Internet industry as a whole, their results are a big market event for the week," said David Levy, an analyst at ING Barings. The American Stock Exchange's Internet Index <.IIX> jumped 3.93 percent to 357 in early trading, outpacing a 2.11 percent gain in the technology-laden Nasdaq Composite Index. Big movers included Priceline.com Inc. <PCLN.O>, soaring 27 points to a new high of 115 after it announced that more than one million people had used its services during its first year of business. Also, three Wall Street firms initiated coverage of the company. eBay shot up 13 points to 213-1/8 after it announced it had agreed to buy the venerable California auction house Butterfield & Butterfield for about $260 million in stock. In addition, traders said Wall Street was focused on the upcoming earnings reports in the group. Beside watching for the bottom line earnings results from these companies, investors are expected to focus on revenue growth. Analysts said investors will look to revenues to show whether these companies' aggressive investments in their growth is paying off. "Everyone has their own way of interpreting Internet companies, a lot of it seems to be like reading tea leaves," said Peter Coolidge, senior equity trader at Brean Murray & Co. eBay is scheduled to report first quarter earnings after the close of trade Monday, with analyst consensus estimates for the company of $0.02 per share, according to First Call. America Online, the world's largest Internet service provider, is slated to report its fiscal third quarter results Tuesday, with analysts consensus estimates of $0.09 per share. Shares were up 9 at 156. Amazon.com's <AMZN.O> first quarter earnings are expected Wednesday, with a consensus estimate of a loss of $0.29 per share. Amazon was up 2 at 212-1/8.

To: $Mogul who wrote (52825)	4/26/1999 7:27:00 PM
From: Sonny Blue	Read Replies (2) \| Respond to of 164684

>>Don't you know, PCLN Priceline's Business Model is PATENTED.<< No, I don't know you can patent a business model. <G> BTW, have you ever use Priceline.com service?

To: $Mogul who wrote (52825)	4/26/1999 7:44:00 PM
From: Glenn D. Rudolph	Respond to of 164684

AtHome eyes broadband nation CEO Jermoluk sees Road Runner as ally By CBS MarketWatch Last Update: 7:30 PM ET Apr 26, 1999 Video interview NEW YORK (CBS.MW) -- AtHome (ATHM: news, msgs) has been blazing a trail on Wall Street in the wake of the battle between Goliath's AT&T (T: news, msgs) and Comcast (CMCSK: news, msgs) for MediaOne (UMG: news, msgs). See related story. Regardless of the fate of the battle, AtHome's business model of providing broadband services through cable TV lines has gotten a big boost. AtHome CEO Thomas A. Jermoluk chatted with CBS.MarketWatch.com's Steve Gelsi about the future of the Redwood City, Calif.-based service, which bought search portal Excite for $5.5 billion earlier this year. Today on CBS MarketWatch Dow tiptoes up as techs fly EBay beats Wall Street by 3 cents G.E. of Britain to pay $4.5 billion for Fore Dell gains ground on Compaq 'Boring' U.K. firms make Web dollars More top stories... CBS MarketWatch Columns Updated: 4/26/99 7:19:40 PM ET There's been a big reaction on Wall Street to AtHome's stock in the wake of this deal between AT&T and MediaOne. MediaOne owns part of (broadband service) Road Runner, and AT&T is gonna own Road Runner if it buys MediaOne. Meanwhile, AT&T also owns a 40 percent stake, through TCI, of AtHome. And at the same time, AT&T rival Comcast (CMCSK: news, msgs) owns part of AtHome. How does this all work? Jermoluk: Well, the good news for us is, they're both our partners (AT&T and Comcast). Obviously this is a step toward us working with Road Runner in some form. And that's a good thing for us because cable does need to be united to have the full power of this technology brought out. Comcast started with a play for MediaOne; they own 14 million shares of us. We thought that was much better than one of the other potential partners that were seeking them. Then AT&T comes in and they own 40 million plus shares of us. It's an even bigger stake. We're not here to take sides, but we're glad it's both our partners that are expressing this interest. The fact that the valuation of these subscribers clearly reflects the need for the new services to be brought out. It's obviously a good thing for us. That's what we've seen. AT&T's possible grab of MediaOne is sort of a further validation of your business plan, that this is the way services are going to be delivered, through cable TV, through cable modems. Jermoluk: That's right, through cable modems or their telephony equivalent of cable modems. It's obvious that people don't pay $4,000 or $5,000 per subscriber to just broadcast analog video. It makes it that much more incumbent upon Comcast or AT&T to get out there, get the homes upgraded, and get these new services delivered. So would you see an AT&T/TCI customer having the choice between Road Runner and AtHome at some point? Jermoluk: No, those are two different systems. Road Runner is in the Time Warner (TWX: news, msgs) system and MediaOne systems, and we're in ours. So we don't actually compete that way. We used to compete for signing up new affiliates. But now almost all the affiliates now have signed up with one or the other service, so we really don't compete there any more. So it gives us the opportunity to figure out what's the best way for us to work together. There could be lots of ways to do that to provide a better experience. So there may be some common standards that you can work on together? Jermoluk: Exactly. The AtHome service and Road Runner, together by advocating the same common standards -- whether it's a modem, common set tops for the television environment, whether it's common software standards for how you do telephony. Those are all good things for the industry so we should cooperate on them. What are the first things people do when they sign up for AtHome broadband service (through their cable TV company)? Jermoluk: They usually go to their favorite Web sites and it comes up so much faster. That's the problem with the Web today, just the level of technology that's out there. There isn't enough out there to keep up with all this great content. Very quickly, they figure out that they can get a new software application and download it off of the Web in ten seconds, or maybe even a minute, but not two hour or five hours. When they look at a news story, they can look at a video clip of it at the same time that they're seeing text, or a sports highlight. Our usage has been going up and up on a page per user per month in our own service, because people like the broadband, the media-rich aspects of the service. If current narrowband was a 1-inch water pipe, how wide would a broadband pipe be? Jermoluk: We're 100 to 300 times faster than your telephony narrowband connection is today on a modem service. If you had water flowing through something with a one inch diameter, then that says we'd have about a 30-inch diameter equivalent flow. The nice thing about our service is, we deliver that on one channel of a cable system. These new systems have 150 channels. We've only cracked the tip of the iceberg here. The new capabilities consumers are going to see in the home are going to be unbelievable: the ability to have your telephony integrated in; video on demand when you want to watch the videos, or time shift programming, or integrate that with your advertising or shopping. It's all going to seamlessly blend together. And you're going to do it in ways that are different than today. It's not typing on a keyboard. You'll speak to it. It'll speak back to you. SoapBox airs the views of investors, executives, companies and just plain folks. E-mail your news or opinions and a one-sentence bio to CBS MarketWatch For more breaking news, visit our Front Page. 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