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To: James Fulop who wrote (18868)5/27/1999 7:06:00 AM
From: Jeff R  Read Replies (2) | Respond to of 41369
 
Meeker comments: (excerpt from CNNfn)

In a research report, Morgan Stanley's Mary
Meeker said she expects "more weakness" from
Internet stocks, which will likely make investors more
cautious about the sector.
"It isn't uncommon this time of year for prices of
technology stocks to contract when catalysts are
insufficient," Meeker wrote.
Meeker also noted she wouldn't be surprised if
Morgan Stanley's Internet index -- already down 33
percent from its April high -- fell another 20 percent.
Nevertheless, analysts hesitate to call the latest
Internet downturn a correction, or characterize the
selloff as an indication that the bubble has burst.