E-bizzes recovering: Good news for dems?

Hakki Alacakaptan nucleus at superonline.com
Wed Jan 23 02:55:07 PST 2002


3 e-biz stories that merit attention, not only for economic reasons. According to http://www.opensecrets.org/newsletter/ce72/04hightech.asp, tech firms are emerging as a new lobbying force (although MacroSleaze packed the biggest wallop with almost 30% of total computer/service sector contributions with 2.3 mil it paid to be beat the DoJ antitrust rap). Although tech firms don't pay a hell of a lot more to dems than to repugs, their rank among dem contributors is significantly higher (5th vs 10th, 6.56% of total contribs vs 4.07%). If the trend continues, the tech sector once considered apolitical could be a solid dem power base much like the entertainment industry.

On a related note, www.democrats.com looks a good deal more combative than Daschle.

Hakki ------------------------------------------------------- Wired says the net funds rebound is partly cyclical, partly due to "snapback" (i.e. prices hitting the bottom), but the following Amazon story shows there's also real economic reasons behind it. - HA

Nice Rebound for Net Funds http://www.wired.com/news/print/0,1294,49791,00.html (...) According to Jacob[ Internet Fund]'s records, the fund gained 51 percent in the last quarter of 2001. For the last three months, the fund -- whose holdings include Network Associates (NETA), Palm (PALM) and Charles Schwab (SCH) -- has ranked as one of the best-performing U.S. stock funds. Although the end-of-year run-up didn't wipe out losses for the year, (returns were still down 55 percent at year's end), Jacob says it's an encouraging sign for the fund's strategy of investing in companies that develop products and services for Internet users.

"We can't expect a return to the heady days of the late '90s, but I think we're past the worst of it," he said.

Jacob Internet isn't the only fund that took a beating in the tech stock meltdown to regain ground in recent months. According to {Morningstar}, about three-fourths of the 20 top-performing funds of the last three months are ones that specialize in Internet or technology growth stocks. (...) ------------------------------------------------------- Amazon in first profit after $3bn loss

David Teather in New York Wednesday January 23, 2002 http://www.guardian.co.uk/internetnews/story/0,7369,637901,00.html (...) Amazon.com, the online retailer that was close to being written off as a hopeless cause by Wall Street as little as 18 months ago, yesterday reported its first ever profit. The result will be viewed as an important landmark for the internet sector which has struggled to achieve any kind of credibility among investors since the dot.com boom turned into a catastrophic bust. (...) ------------------------------------------------------- Wired reports that consumer resistance to online pay sites has decreased and that a profitable b2c e-biz model is emerging. - HA

How to Translate 'Free' to 'Fee' http://www.wired.com/news/ebiz/0,1272,49646,00.html



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