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

To: Glenn D. Rudolph who wrote (58152)	5/24/1999 2:03:00 PM
From: Jerry A. Laska	Read Replies (3) \| Respond to of 164684

<<One of those shareholders who's less bullish is Ryan Jacob, portfolio manager of the Internet Fund. Jacob disclosed Monday in a letter to subscribers that both AOL and Amazon.com (Nasdaq:AMZN - news) had fallen off the list of the fund's top 25 stock holdings, the first time in "years" that either bellwether hasn't been in the fund's top 25, Jacob said. "We still believe that both companies will continue to be leaders; however, we are skeptical that these stocks can continue to grow as they have in the past given the increasingly competitive outlook in ... Internet access and commerce," wrote Jacob. Nothing against AOL and Amazon.com, says Jacob. "We just feel there are better risk/reward opportunities with some of the small to midsize companies," he says. Among the five new names in the Internet Fund's top holdings are broadcast.com (Nasdaq:BCST - news) , Lycos (Nasdaq:LCOS - news) , MarketWatch.com (Nasdaq:MKTW - news) , About.com (Nasdaq:BOUT - news) (formerly MiningCo.com) and Pacific Gateway (Nasdaq:PGEX - news) . Jacob still holds both AOL and Amazon.com in the Internet Fund. Despite AOL's deft handling of the broadband question, Jacob, who didn't attend the conference, says he regards broadband as the "front and center" competitive issue for AOL. As more online subscribers move to broadband connections and non-PC devices for Internet connections, "AOL is going to have to be on its toes to provide services in a multidevice environment," Jacob says. "I think a real question mark will be at what point does it affect AOL's subscriber growth." >> fnews.yahoo.com