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To: Ed Forrest who wrote (19233)	5/28/1999 11:15:00 PM
From: George Martin	Respond to of 41369

Ed, The slight gains in audience are definitely good news. IMO, the fractional erosion in audience in a number of web sites as per Media Metrix March vs. April #'s I believe had at least as big an impact on internet jitteriness as the interest rate bogeyman. THE underlying story and PE premium justification for the internet saga is based on continued GROWTH -- once that begins to be disputed, contraction of PE multiples or PS multiples obviously feel the pressure. Clearly, there are seasonal factors in play which also have to be taken into account. Regards, George