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To: Bill Harmond who wrote (56783)	5/14/1999 1:00:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 164684

Translation: Because since I can't legally pimp for TheStreet.com (TSCM) and my 40 million dollars in options, the next best thing is to tell everyone that buying anything but a ".com" company is throwing money away. Cramer's credibility is going lower with every article. And I used to like the guy. > Why the Non-Net Net Stocks Are a Sucker's Play

To: Bill Harmond who wrote (56783)	5/14/1999 1:17:00 PM
From: Rob S.	Respond to of 164684

Internet growth rates are already in decline. New subscribers to the Internet (US) grew by about 9 million last year and are expected to grow by over 8 million this year. Next year the number is expected to decline by to about 7.5 million and then to about 6.5 million the following year. The growth of Internet users who buy online has grown during the past year and a half at a enormous pace. All Internet users are not yet online shoppers but the rate at which new customers can be expected to come on line will start to diminish as we move past the early adopter stage. Ecommerce is still far from playing out as a major growth industry but the heady rates of initial growth will soon become a thing of the past. Once that glorious growth fades, the Internet stocks will start to be judged more on fundamentals (that nasty word again) than purely on growth potential. This summer will be a downer for the nets, next Christmas another time to rejoice, and next year much more rocky going, IMO.

To: Bill Harmond who wrote (56783)	5/14/1999 1:29:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

And they don't have a clue. They don't know that the Web is a culture and a business. That it involves much different skillsets from their own. And it involves hard work and interaction with people, many of whom they would prefer NOT to interact with. And when the advertisers move to the Web, these guys will be up the proverbial creek. Some off-liners will get it for sure. But it won't be from their colleagues or their lieutenants. It will be from their kids. Because if they had any horse sense, they would have been on the Web three years ago, when it was a frontier and you could homestead cheaply. Cramer does not have a clue here. Glenn

To: Bill Harmond who wrote (56783)	5/14/1999 6:42:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

biz.yahoo.com NEW YORK, May 13 (Reuters) - Wells Fargo and Co. (WFC - news) stock is trading near its 52-week high, but has trailed behind other banks, largely because investors have failed to realize the value of its online business, according to the May 24 issue of Business Week. Money manager David Post told the magazine he values Wells Fargo's online business at $20 billion, or about $12 per share, and said the stock price does not reflect the value of the business. p.s. That's one of the main reasons I am long WFC, it's both financial and net-banking stock. Can't find another bank better positioned in both.