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To: ChiTown who wrote (76983)	5/27/1999 8:08:00 AM
From: Probart	Respond to of 119973

Gabelli Growth: Why it Dumped Consumer Staple Stocks Associate Editor: Len Hollie Howard Ward is uneasy. The Gabelli Growth fund (NASDAQ:GABGX - news) manager sold all of his Coca-Cola (NYSE:KO - news) , Gillette (NYSE:G - news) and Procter & Gamble (NYSE:PG - news) positions in April. This marks the first time that the fund has not held any large consumer staple growth stocks. 'I am concerned that this is the first time that the fund has not held any of those stocks,' concedes Ward, who has managed the $2 billion fund since 1995. 'I also don't own G.E. (NYSE:GE - news) or Wal-Mart (NYSE:WMT - news) , and I do feel exposed to the S&P 500 in so far as not owning the large cap stocks. But, I'd rather be one of the first ones out of a sector than one of the last ones in.' In their place, Ward has added Intel (NASDAQ:INTL - news), AT&T (NYSE:T - news) and MCI Worldcom (NASDAQ:WCOM - news) .

To: ChiTown who wrote (76983)	5/27/1999 8:24:00 AM
From: 2MAR$	Read Replies (2) \| Respond to of 119973

ABTL PR! Thursday May 27, 8:01 am Eastern Time Company Press Release SOURCE: Autobytel.com Autobytel.com Generates Over $1 Million an Hour in Car Sales Current Level of Customer Purchase Requests on Track to Result in $9 Billion of Car Sales in 1999 IRVINE, Calif., May 27 /PRNewswire/ -- Autobytel.com (Nasdaq: ABTL - news), the leader in automotive e-commerce and services, today announced that its purchase requests to its Accredited Dealer Network were now resulting in over $24 million per day, or $1 million an hour, of car sales. ''This level of business generation establishes Autobytel.com as the clear leader in automotive e-commerce, and confirms recent surveys that indicate we are the site of choice for serious car buyers,'' said Mark Lorimer, Autobytel.com president and CEO. According to Lorimer, in a recent survey of e-commerce brand awareness by Opinion Research Corporation, Autobytel.com ranked sixth among e-commerce brands, the only auto-related site in the top 17 positions ranked by Opinion Research. ''In addition, Media Metrix reporting for April indicates our level of unique visits continues to be among the highest in the sector,'' said Lorimer. ''More importantly, our users are spending more time on the site than ever before, and the average time our visitors spend on each page is the highest in the industry. This signifies that our visitors are actually doing research and shopping for cars, not just surfing.'' Lorimer also noted that Autobytel.com placed first for the second year in a row in the J.D. Power & Associates 1999 Dealer Satisfaction with Online Buying Services Study. ''The over 2,700 dealers in our network recognize that Autobytel.com provides them with the best sales prospects, which is confirmed by the $1 million per hour in sales that result. From both the dealer and consumer brand awareness perspective, we are the number one ranked auto site; it is a clean sweep.'' About Autobytel.com inc. Internationally-branded Autobytel.com is the acknowledged leader in online automotive commerce(1). The most comprehensive automotive Internet site, Autobytel.com offers consumers a positive purchasing and ownership experience, while providing its Accredited Dealer Network with the most efficient way to reach online car buyers. As it assists consumers through every aspect of the automotive lifecycle, Autobytel.com provides continuity into the next vehicle purchase. Launched in March 1995, Autobytel.com's low-cost, no-haggle car-buying program is available in the U.S., Canada ( www.autobytel.ca ), the United Kingdom ( www.autobytel.co.uk ) and Sweden ( www.autobytel.se ). In 1999, Autobytel.com was ranked #1 in Dealer Satisfaction with Online Buying Services for the second year in a row(2). The statements contained in this press release, that are not historical facts, are forward-looking statements under the federal securities laws. These forward-looking statements are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from what is expressed in, or implied by, such forward-looking statements. Autobytel.com undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause Autobytel.com's actual results to differ materially from those expressed in, or implied by, the forward-looking statements are changes in general economic conditions and increased or unexpected competition. (1) As reported by J.D. Power and Associates, Autobytel.com generates nearly as many new-vehicle sales as its two closest competitors combined. (2) J.D. Power and Associates 1998-1999 Dealer Satisfaction With Online Buying Services Studies(SM). 1999 study conducted among dealership Internet specialists who completed 1,024 individual evaluations. SOURCE: Autobytel.com --------------------------------------------------------------------------------