ecorp Gets Its Groove Back Thanks To Goldman

[ISR-AU]

Title: Internet Stock Report - Run With The New Bulls

Internet Stock Report July 12, 2000       Midday Report ecorp Gets Its Groove Back Thanks To Goldman Paul Waide - australia.internet.com Big corporates dominated Internet headlines Wednesday morning with both Telstra and National Australia Bank announcing significant developments. A Goldman Sachs recommendation gave ecorp a boost early. At midday the wider Australian market was trading near record levels with the benchmark All Ordinaries Index hitting a new intraday record high in early trade. Australian investors moved back into Internet and technology stocks in the Wednesday morning session, apparently nonplussed by a fall in US Internet stocks overnight. The US' NASDAQ fell 0.6% to close at 3956.42 Tuesday . In after hours trade Yahoo! (YHOO jumped US $13.5 to $119 after announcing earnings of 12 cents per share for the second quarter, beating consensus estimates by 2 cents per share. A Goldman Sachs recommendation boosted Australian Internet conglomerate ecorp (ECP) 3.57% to $2.90 at midday. Analyst Craig Murray's "The Wizard of Oz, Part 2 -leverage begins" report reiterates Goldman's stance that "ecorp is the No. 1 Internet company in Australia." Banking behemoth National Australia Bank (NAB) was up 0.99% to $25.60 at midday. The National announced wholly owned US subsidiary HomeSide Lending Inc. will team up with Fannie Mae to offer speedy online mortgage services. Users of the new service should be able to apply and receive approval for a loan in 10 minutes. Australia's largest Internet company Telstra (TLS) announced its ADSL (Asynchronous Digital Subscriber Line) service is on target for launch next month. Telstra stock was up 0.82% to $7.40 at midday. Menzies Gold (MZG) sky rocketed 38.1% to 14.5 cents in early trade after B2B play Market Boomer announced a 5-year alliance with the New South Wales State Chamber of Commerce to power the "commerce zone," a service that will allow approximately 150,000 small and medium enterprises to trade online. Menzies has a 20% stake in Market Boomer. The deal should be worth around $28 million to Market Boomer over the 5-years. Unified messaging company Mbox (MBX) kept climbing, up 18.92% to 22 cents at midday Wednesday. Mbox announced that it has cash reserves of $6.3 million Tuesday, after spending only $1.3 million to acquire 100,000 plus users. Online advertiser BMCMedia (BMC) answered an ASX query regarding recent price jumps with a 'nothing to report.' BMC dropped 6.18% to $1.67 at midday. Digital video communications company Zylotech (ZYL) also fielded a query from the ASX and responded curtly that there is nothing to report to explain recent price fluctuations. Zylotech was up 11.11% to 30 cents at midday. Mobile messaging player PocketMail (PKT) continued to ride the news that it has secured exclusive rights over its PocketMail technology in most of Southeast Asia. At midday PocketMail was up 17.07% to 24 cents. His first day on the job may have been a fizzer but Lloyd Roberts, the newly minted CEO of Sausage Software (SAS) is no doubt happy with the company's performance Wednesday morning, up 9% to $3.15 at midday. Former acting CEO Wayne Bos told press Tuesday that he will now focus on Sausage's strategy and acquisition opportunities. The old adage "No news is good news," did not cut it for GPS Online (GPO) and Jumbomall.com (JUM) in early trade. At midday GPS was off 12.07% to 25.5 cents, while Jumbomall fell 7.69% to 12 cents. Stock in junior telco Powertel (PWT) crept up 1.95% to $2.09 at midday after it announced it will be Australia's first telco to use Cisco's Multiprotocol Label Switching (MPLS) technology. » View this online with the community's commentary or add your comment. Stock Tracker Goldman Sachs Still A Bull On Ecorp - Wizard Of Oz Mk II Paul Waide - australia.internet.com Goldman Sachs Internet analyst Craig Murray issued a report on ecorp Ltd (ECP) this week, retaining it on the firm's recommended list with a price target of $4.00 in 12 months. » View this online with the community's commentary or add your comment. Stock Tracker Mbox Screams: We'll Show You The Money! Paul Waide - australia.internet.com Unified messaging company Mbox announced it lost Aus $1.544 million for the quarter ending 30 June 2000. However, investors shrugged off the loss Tuesday, eyeing Mbox's $6.3 million cash position and pushing Mbox stock up 23.33% in the process. » View this online with the community's commentary or add your comment. NASDAQ Close Yahoo Beats Earnings Estimates Paul Shread - Internet.com After leading Internet and technology issues lower during the day on Tuesday, Yahoo announced earnings after the bell that beat analysts estimates. The broader market rose on the belief that a speech by Fed Chairman Alan Greenspan signaled no imminent interest rate increases. » View this online with the community's commentary or add your comment. Information » Subscription Info » Unsubscribe » Search The Site » Latest Headlines » Advertise In This Newsletter » Employment Opportunities » Need VC Funding? Hot Topics Popular Stories - Views 161 Sausage, LibertyOne Say No Deal: Nets Flounder 128 Senetas: Liquid Venture Capital 91 The VC Dance Card: Are There Any Openings Left? 61 Hong Kong Powerhouse Invests In SecureNet 57 Ezenet Blasts Off, ASX Internets Run Again Lively Stories - Comments 3 Sausage, LibertyOne Say No Deal: Nets Flounder 1 Advertisers Lead The Charge Into Financial New Year Featured Site WAP Authority is the definitive source for Australian WAP and wireless industry news. Read about WAP implementations, wireless strategies and Australian company profiles daily supporting the wireless revolution. e-newsletters Internet News Dot.Au Internet Daily Business Knowledge Workers e-Media Marketer Enterprise Watch Finance VC Watch IPO Watch Internet Stock Report Technology Linux News No Wires Domain Notes ISPWatch HTML Text Descriptions | Privacy

Home | The Market | ISDEX | IPO Watch | VC Watch | NASDAQ | Events

Neither internet.com nor the writers of this newsletter makes specific trading recommendations or gives individualized market advice. Information contained in this newsletter is provided as an information service only. internet.com recommends that you get personal advice from an investment professional before buying or selling stocks or other securities. The securities markets are highly speculative areas for investments and only you can determine what level of risk is appropriate for you. Although internet.com obtains the information reported herein from sources that it deems reliable, no warranty can be given as to the accuracy or completeness of any of the information provided or as to the results obtained by individuals using such information. Each user shall be responsible for the risks of their own investment activities and, in no event, shall internet.com or its employees, agents or affiliates be liable for any direct, indirect, actual, special or consequential damag! ! ! ! ! ! es resulting from the use of the information provided. internet.com, its employees and affiliates may own securities in companies mentioned in this newsletter. It is against internet.com policies to accept any compensation, in connection with information contained within this newsletter. internet.com may, however, receive advertising or other revenue from companies that may be mentioned herein.

Copyright 1999-2000 internet.com Corp. All rights reserved. You may not copy, forward, email, distribute, or republish this email newsletter in any manner without the express written consent of internet.com Corp. You may print or download this email newsletter only for your own non-commercial use.

Legal Notices Reprints
---
You are currently subscribed to isr-au-html as: [EMAIL PROTECTED]
To unsubscribe send a blank email to [EMAIL PROTECTED]
If you're serious about Internet stocks, you need to see The Internet Stock Report
For the rest of internet.com's newsletters, please visit http://e-newsletters.internet.com.