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To: tobin sears who wrote (360)6/1/1999 9:02:00 PM
From: burner  Respond to of 488
 
Good point Tobin. The internet is ideal for the innovative and enterprising. It's pretty clear you can include Clement in that group. BTW was Bill Gates ever young?!!
COOL is going to surprise many people. It won't be us- because we all are aware of what is being developed and how carefully the plan is being attended to. You can look back see that this is not even remotely like some of the pump and dump vacuous internet domain name shills that have had 3 days in the high life and then dropped away.
This has been relatively steady, and showed strength even in the midst of the internet turndown recently. Price declines have been on low volumes and when the market can no longer ignore the significance of developing partnerships increasing volumes will take it to far more attractive levels.
Dan



To: tobin sears who wrote (360)6/2/1999 9:01:00 PM
From: burner  Read Replies (1) | Respond to of 488
 
Internet sector has been hit hard. Good for believers in COOL. The stock does not like to trade below a dollar and i still think a little exposure and this will benefit immensely. Here is an article pertinent to the times:


Who Do You Trust: Are Internet Stocks Going For New Bottoms Or Will They Recover?


Miami, FL, June 2 /SHfn/ -- Is the gold rush over or is this an exciting buying opportunity? Returning from the Memorial Day holiday was a kick in the face for Internet investors, especially those holding shares of Amazon.com . Barron's made no secret about how it felt toward the Internet's largest retailer. The weekly Dow Jones publication announced Amazon had an uncertain profit outlook, stiff competition in the future, no price advantage to make it stand out, soaring marketing costs, and has to build new warehouses for its bulging inventories. Worst of all, Barron's gave it the kiss of death: The magazine loudly and frequently noted that no one knows when AMZN will ever have a return on capital.

On the plus side, most analysts following Amazon are bullish with either strong buys or buys on the stock with at least one analyst expecting the stock price to double over the next year. Which brings us back to the original question: Who do you trust?

Last Wednesday, Mary Meeker, renowned Internet analyst from Morgan Stanley Dean Witter, warned Web woes would worsen - immediately. The weakness is attributable to a non-compelling argument to buy, and with a huge supply of Net stocks to choose from, Meeker anticipates "investor resistance" to factor into the equation. "It isn't uncommon this time of year for prices of technology stocks to contract when catalysts are insufficient." Meeker suggested an additional 20 percent fall to 450 in the Morgan Stanley's Internet Index would not surprise her, as it is already down 33 percent from its April level of 861.

Widely followed Internet analyst Steve Harmon agreed that the sector will move drastically, but he believes it will "swing and sway 10% each way for the next several weeks, tossing out the speculative stocks in the IPO pipeline but creating buying opportunities for some of the market leaders." He added, "For the speculative hunters I think the summer may prove tough going and that the value could exist more in a core of Internet stocks riding out the storm."

Monument Internet Fund's portolio manager, Alex Cheung, must agree, because he has been holding America Online, CMGI Inc., RealNetworks Inc., DoubleClick Inc., and CNET as his five largest holdings. He submits that "between April and August technology stocks tend to be weak anyway." Cheung noted that the youth of the industry bred valuation confusion, yet he championed buying on the weakness.

Michael Murphy, author of the California Technology Stock Newsletter, underscored the sentiment Friday on CNBC TV, stating that he is now bullish on the tech sector and believes the Internet stocks will stage a turn around.

And while you're collecting gems of hope, analyst Keith Benjamin of BancBoston Robertson Stephens has a strong suggestion for you … buy now. Benjamin believes the bottom is either here, or is near, stating that "Many investors appear to have given up after recent declines, demonstrating capitulation that typically defines the bottom." Hesitant to pinpoint the exact bottom, Benjamin said "We believe we are close enough to start to be more aggressive accumulating a broader range of stocks." Still, Benjamin echoes the others in his caution towards the upstart firms. A basket overweighted with leaders should be the base, with a smattering of some emerging companies. And let us not forget the uncanny accuracy with which Benjamin, on May 5, called a "pre-summer break in the range of a 25 percent or greater decline as soon as next week." True to his words, a brief ascension fell stale within one week, and a contraction then followed. A history of prescient remarks tends to amplify an analyst's voice, and Benjamin's has been melodious to the droves enraptured by the Internet's dazzle.

The bullish tune is resounding music to many an Internet investors' ear, to be sure. But should you really trust these so-called stock gurus, especially when an 8 percent drop in the Nasdaq is dwarfed by a 20% to 35% fall in the major Internet indices? Could these smiling faces be telling you what you want to hear? And who can really say what will happen if and when the Fed steps up and raises rates. The mere suggestion has wreaked havoc on the markets. And look what happened to the fragile investor psyche when the valuation paranoia stretched its insidious tentacles. Ah, but hey, these guys and gals are the "Internet experts." If you can't listen to them, who will you listen to? Certainly not that nagging voice in your head, or that sickly feeling in your gut?



To: tobin sears who wrote (360)6/5/1999 11:17:00 PM
From: burner  Read Replies (1) | Respond to of 488
 
I called IR on Friday and was told they are considering a shareholder update or something along those lines. I believe they intend to put it on the site an d not in the form of a news release. I have never liked to see those types of news releases anyways.
The company is unswayed in their approach. The fellow at IR is genuinely excited about the direction and determination of management in its pursuit to unveil a quality product. Anticipation is growing among us investors and I can see the same sort of excitement being generated among on-line customers when they get the promotional phase started.
They are pretty clever and know that not just any site is good enough in the present climate. As far as competition goes, the need to be unique is understood and I believe that is what is behind the careful and well orchestrated development we are seeing. I still believe we have not heard the last of strategic partnerships being announced and I just know they must be working on a major name agreement.
Dan