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To: UPTICK who wrote (873)	5/24/1999 3:01:00 AM
From: CBurnett	Respond to of 3519

What a stretch.

To: UPTICK who wrote (873)	5/24/1999 7:33:00 AM
From: Jacalyn Deaner	Respond to of 3519

UPTICK - go short these: To The Members of Investors Chat.com: Your Weekly Update and Newsletter (May 23, 1999) Contents: Stocks to Watch This week Dear Members: Stocks to Watch this week: E-Trade Group (EGRP) On Monday EGRP will trade on its post split price. "E-TRADE Group is a leader in bringing online investing to mainstream America. This two-for-one split is designed to ensure that our common stock remains affordable to that broad constituency of individual investors," said Christos M. Cotsakos, chairman and chief executive officer of E*TRADE. International Business Machines (IBM) On Monday, the Armonk, N.Y.-based company said it will unveil its Deep Computing Institute, a $29 million research effort to join academic and industry researchers in a bid to use massive computational power to attack complex problems. "Deep computing combines the best of business and scientific computing techniques to find the value buried in all this data and to apply that information to solve real-world problems," Pulleyblank said in a statement detailing the plan. IBM is set to split 2 for 1 on Thursday. CMGI INC. (CMGI) CMGI Chairman and CEO David Wetherell and Neil Braun, President and CEO of ICast, today announced the appointment of Matthew Farber to the position of Executive Vice President and General Manager for ICast, the new, CMGI funded Internet broadcast company. Farber joins ICast from MTV Networks where he was most recently Executive Vice President, MTV Networks Online and General Manager for MTV2: MUSIC TELEVISION. CMGI is set to split 2 for 1 on Friday. Hauppage Digital (HAUP) Soared 123 percent higher on Friday. The company announced a deal with a big Internet company to offer television viewing on personal computers, according to a Business Week May 31 edition report. Shares gained 15 5/16 to close at 27 13/16. Hewlett Packard (HWP) announced after the market closed that the company increased its systematic share repurchase program authorization by $1 billion with about $700 million remaining from previous authorizations. In addition, the company approved an additional $1 billion for the buyback of of their own shares. They said about $600 million is left over from an earlier authorization. UTI Energy Corp. (UTI) said its bid for oil services company Fracmaster (FRA) was denied by a Canadian court. The move opens the way for rival bidders to press forward with their offers for the Canadian company. Shares of UTI rose 9/16 to 14 3/8 ahead of the news. Fracmaster fell 1/32 to 11/32. Ciena (CIEN) rose 3 11/16 to 30 1/16 after posting better than expected net income of $1.6 million, or 1 cent a share. First Call estimates were for a loss of 3 cents. The company earned 14 cents in the same period a year earlier Healtheon (HLTH) was up 4 3/8 to 105 on Friday. The stock surged 26 percent Thursday on confirmation it's merging with privately-held WebMD and that Microsoft, Intel and other companies will be part of the deal. Healtheon provides Internet based software and services for the healthcare industry. WebMD is an online information provider to the healthcare industry. Priceline.com (PCLN) was up 4 9/16 to 138 15/16 Friday. Donaldson, Lufkin & Jenrette initiated coverage of the name your price online retailer with a "buy" recommendation and a 12 month price price target of $190. The broker believes the company's commerce model "creates a new ecosystem for e-commerce." Portal Software (PRSF) fell 2 1/2 to 42 Friday. The company reported that it lost $5.5 million, or 9 cents per share in its first quarter. That compares to a loss of $2.1 million, or 4 cents per share a year ago. __________________________________________________________________ Meet other traders and investors talking live about these events and much more at Investors Chat.com The best times to meet in the chat rooms have been: 8 AM EST 12 PM EST