Strategist sees dark year for Net stocks, markets

Article Abstract:

Internet stocks will decline in 2000, according to strategist Byron Wien of Morgan Stanley Dean Witter. Wien released a list of projections, including a drop of 25% in the stock market. The strategist also said that the economy will slow down as a result of a tightening in interest rates. Internet stocks are expected to cascade as Congress moves toward an Internet sales tax and as customers complain about service.

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Cramer blames the media for TheStreet's woes

Article Abstract:

TheStreet.com founder Jim Cramer has blamed financial media reports for the declining value of the stock of his online site. TheStreet.com sells subscriptions to, and advertising on, its site, which provides news and commentary. It has 104,000 subscribers. However, it is losing money and plans to begin offering 75% of its site free of charge while raising prices for premium content on the rest. The online service also has a joint venture with The New York Times publicationto operate an online newsroom and a new, London, UK-based site.

TheStreet.com

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B2B stocks keep Nasdaq rally rolling

Article Abstract:

The Nasdaq composite index has exhibited a technology stock rally which prompted a gain of 75.27 points to close at 4174.86 on Jul 13, 2000. The powerful tech move has resulted in an increase of 32% from the Nasdaq's low for the year of 3164.55 on May 23, 2000. However, the Nasdaq's momentum is missing in the dow Jones industrials which remained essentially flat, rising only 5.30 points to 10,788.71.

Bsns Videotex Svcs ex Database, Securities prices, Online information services, Business information services

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