---------------------- Forwarded by Sara Shackleton/HOU/ECT on 02/11/2000 
05:52 PM ---------------------------


"SmartPortfolio.Com" <admin_update@smartportfolio.com> on 02/11/2000 07:38:58 
PM
Please respond to "SmartPortfolio.Com" <admin_update@smartportfolio.com>
To: Sara Shackleton/HOU/ECT@ECT
cc:  
Subject: SmartPortfolio.Com Update: Techs, Economic News Trigger Sell Off



The following is a FREE service brought to you by
SmartPortfolio.Com, located on the Web at
http://www.smartportfolio.com
<A HREF="http://www.smartportfolio.com">AOL users click here</A>

Update February 11, 2000

Friday's Market Update: Techs, Economic News Trigger Sell Off

 1. Friday's Market Action
 2. Internet and Tech Stocks
 3. Notable Earnings Announcements
 4. Notable Upgrades and Downgrades
 5. Stock Splits
 6. IPO Commentary
 7. IPOs Trading Friday
 8. IPO Calendar

********************* Advertisement **********************

WEBMETHODS SOARS OVER 500% IN PUBLIC DEBUT!

The Smart!IPO Report focuses on promising companies poised for
strong IPO returns.  Today's performance of webMethods
(Nasdaq:WEBM), which surged 507.50%, is just one example.

There are a plenty of hot companies set to go public in coming
weeks, and the Smart!IPO Report picks the likely winners every
week!  You can get our IPO analysis by subscribing to a FREE 2-
week trial at: http://www.smartportfolio.com/freetrials
<A HREF="http://www.smartportfolio.com/freetrials">AOL users
click here.</A>

**************************************************************

NASDAQ FALLS, BUT ARIBA KEEPS FLYING, UP NEARLY 17 TODAY!

Haven't heard of this leading business-to-business company?
Subscribers to the Smart!Internet Report have - they read an in-
depth analysis of the company in 2 previous issues, in which we
explained why this stock is primed for big gains.

To find out about your next compelling investment opportunity,
try a FREE 2-week trial subscription to the Smart!Internet
Report by visiting: http://www.smartportfolio.com/freetrials
<A HREF="http://www.smartportfolio.com/freetrials">AOL users
click here</A>

***************************************************************

Need this report sooner?  Please remember that you can always
read the update on our web site at
http://www.smartportfolio.com/update
The update is posted at approximately 6:00 PM EST every day.

1.  Friday's Market Action

                             $ Change   % Change      Close
Dow Industrials               -218.42     -2.05%   10425.21
S&P 500                        -29.71     -2.10%    1387.12
Nasdaq                         -90.18     -2.01%    4395.45
Internet Stock Index           -23.66     -2.49%     928.07

The markets ended a volatile week with an afternoon sell off due
to some inflationary economic news and a weak tech sector led
downward by shares of software giant Microsoft Corp.
(Nasdaq:MSFT).  Meanwhile, traders shrugged off news of an
explosion that occurred early this morning only a few blocks from
the New York Stock Exchange.

Investors absorbed some mixed economic data that renewed fears
that the Fed may raise interest rates at its next meeting as a
means of combating inflation.  The Commerce Department revised
upward its U.S. retail sales figures for December, saying retail
sales rose 1.7%, significantly greater than the previously
announced 1.2% increase.  This inflationary news was tempered
somewhat by the Commerce Department's report that retail sales
increased only 0.3% in January, which is lower than the 0.6% gain
expected by economists.  Nonetheless, investors were concerned
because when the Fed raised interest rates at its last meeting,
the members of the FOMC, the Fed's interest rate policy
committee, indicated that they would consider acting again if
inflation pressure continued.

Retail stocks were mixed on the day, with Wal-Mart Stores
(NYSE:WMT) off 13/16 (-1.43%) to 56 3/16, Home Depot (NYSE:HD) up
1/2 (+0.84%) to 60 1/16, JC Penney (NYSE:JCP) down 1/4 (-1.40%)
to 17 5/8, Staples (Nasdaq:SPLS) edging up 1/4 (+0.90%) to 28
1/16, and Costco Wholesale Corp. (Nasdaq:COST) declining 7/16 (-
0.84%) to 51 11/16.

Dell Computer (Nasdaq:DELL) shares slipped 4.95% (down 1 59/64)
to 36 7/8 after the computer maker announced quarterly earnings
late Thursday.  Profits came in at 16 cents per share, beating
revised downward Wall Street estimates of 15 cents per share.
Dell's revenues grew at 31%, which is a slower pace than in
previous periods due to chip supply problems and sales slowdowns
due to Year 2000 concerns of buyers.  Shares of other computer
makers ended with mixed results, with Compaq Computer (NYSE:CPQ)
up 5/8 (+2.50%) to 25 5/8, Apple Computer (Nasdaq:AAPL) down 4
3/4 (-4.19%) to 108 3/4, and Gateway (NYSE:GTW) lower by 2 3/8 (-
4.08%) to 55 7/8.

Despite Dell's strong showing, the tech sector led today's market
decline.  Microsoft Corp. shares were a catalyst for the sell
off, dropping 6 1/16 (-5.72%) to 99 15/16 after a study from
technology consulting firm Gartner Group raised questions about
the compatibility of the soon-to-be-launched Microsoft 2000 with
existing software programs.  Microsoft shares were also hurt by
comments from Michael Dell, CEO of Dell Computer (see above),
suggesting that the Linux operating system, which competes with
Microsoft Windows, was gaining popularity and that business
customers were not showing extraordinary demand for upgrading
hardware systems for Windows 2000.

Other tech sector losers today included International Business
Machines (NYSE:IBM), down 3 13/16 (-3.20%) to 115 5/16, Hewlett-
Packard (NYSE:HWP), down 4 5/8 (-3.67%) to 121 3/8, Motorola
(NYSE:MOT), down 4 1/32 (-2.60%) to 151 1/4, and America Online
(NYSE:AOL), down 1 11/16 (-2.90%) to 56 9/16.

In other large cap news, Dow Chemical (NYSE:DOW) shares edged
lower by 3/16 (-0.18%) to 105 3/4 after the company announced
that its Chairman, Frank Popoff, will retire in November after he
turns 65 and will be succeeded by William Stavropoulos, who
currently serves as President and CEO of the chemical company.

2. Internet and Tech Stocks

For a FREE trial to SmartPortfolio.Com's in-depth analysis of
selected Internet stocks, please visit:
http://www.smartportfolio.com/freetrial
<A HREF="http://www.smartportfolio.com/freetrial">AOL users click
here</A>

The Internet sector had another break today from the recent spate
of site outages from online hackers.  As the FBI's criminal
investigation continues, the White House said today that
President Clinton will meet with senior government officials and
Internet business leaders to discuss the attacks and online
security issues.  A host of leading Web sites -- including those
of Yahoo! (Nasdaq:YHOO), Amazon.com (Nasdaq:AMZN), eBay
(Nasdaq:EBAY), Buy.com (Nasdaq:BUYX), and CNN, a division of Time
Warner (NYSE:TWX) -- were the targets of the attacks this week.

Competition in the chip sector heated up today after Advanced Micro
Devices (NYSE:AMD) launched a new and faster chip, an 850MHz version of
its AMD Athlon processor, in a challenge to Intel Corp. (Nasdaq:INTC),
the world's leading semiconductor company.  AMD shares were also
impacted after the company's Chairman, W.J. Sanders III, said at a tech
conference that AMD expects its first quarter sales to be consistent
with or slightly higher than those in the seasonally strong fourth
quarter.  AMD shares ended higher by 2 1/2 (+5.88%) to 45 and Intel
shares were off 1 3/4 (-1.63%) to 105 7/8, while Applied Materials
(Nasdaq:AMAT) shares sank 9 3/4 (-5.58%) to 165, Micron Technology
(NYSE:MU) shares were off 1 1/4 (-1.73%) to 71 1/8, Altera
(Nasdaq:ALTR) shares dropped 2 15/16 (-3.85%) to 73 5/16, and Novellus
Systems (Nasdaq:NVLS) shares declined 9.21% (down 5 1/2) to 54 1/4.

Knight/Trimark Group (Nasdaq:NITE) announced that it acquired the
institutional stock business from troubled New York investment
firm D.E. Shaw & Co.  Knight/Trimark said the move is aimed at
growing its business with large institutional investors.  Shares
of the #1 market maker on the Nasdaq stock market fell 3/8 (-
1.14%) to 32 7/16.  Other stocks in the e-finance sector ended
mixed, with Schwab (NYSE:SCH) up 1/2 (+1.30%) to 39, Ameritrade
(Nasdaq:AMTD) down 1/4 (-1.55%) to 15 7/8, DLJ Direct (NYSE:DIR)
jumping 9.32% (up 15/16) to 11, and TD Waterhouse Group
(NYSE:TWE) rising 11/16 (+4.58%) to 15 11/16.

Several stocks in the networking sector succumbed to profit
taking today after the sector received a boost from Cisco
Systems' (Nasdaq:CSCO) earlier this week of better than expected
quarterly earnings and a 2-for-1 stock split.  Today, Cisco
shares gave back 5 (-3.68%) to 130 15/16, while certain other
networking stocks followed suit, including Redback (Nasdaq:RBAK),
down 7 1/2 (-3.36%) to 215 1/2, Nortel Networks (NYSE:NT), down 4
137/256 (-3.69%) to 118 55/256, RealNetworks (Nasdaq:RNWK), down
9 3/8 (-5.02%) to 177 1/2.   Two exceptions were Foundry Networks
(Nasdaq:FDRY), up 1 5/16 (+1.06%) to 124 13/16, and Juniper
Networks (Nasdaq:JNPR), up 7 3/8 (+3.54%) to 215 7/8.

Other big movers in the Internet and technology sectors included:

<> Winstar Communications (Nasdaq:WCII), down 5 (-5.97%) to 78
3/4 despite its announcement yesterday of a lower than expected
quarterly loss of $3.28 a share, compared to analyst estimates of
a $3.38 a share loss.

<> Cognizant Technology Solutions (Nasdaq:CTSH), jumping 6 1/4
(+5.05%) to 130 after the software services company announced a
2-for-1 stock split.

<> Policy Management Systems (NYSE:PMS), falling 39.53% (down 6
1/4) to 9 9/16 on analyst concerns regarding the company's
financial results.

<> SunGuarda Data Systems (NYSE:SDS), rising 16.23% (up 4 5/8) to
33 1/8 after the computer service and application software
company reported better than expected earnings and was upgraded
by Robertson Stephens to a strong buy rating from buy.

<> Infosys Technologies Ltd. (Nasdaq:INFY), bolting 26.79% (up
141 9/16) to 670 1/16 on no apparent news concerning the Indian
software firm.

Leading Internet and tech stocks performed as follows:

Company                      $ Change   % Change      Close
Amazon (Nasdaq:AMZN)                0      0.00%    76 3/16
America Online (NYSE:AOL)      -1 5/8     -2.79%     56 5/8
Commerce One (Nasdaq:CMRC)    -1 9/16     -0.99%    155 1/2
Cisco (Nasdaq:CSCO)                -5     -3.68%  130 15/16
CMGI (Nasdaq:CMGI)             -5 3/4     -4.88%   112 1/16
Dell (Nasdaq:DELL)           -1 59/64     -4.95%     36 7/8
Ebay (Nasdaq:EBAY)                 -9     -5.54%    153 3/8
ExciteAtHome (Nasdaq:ATHM)     -1 1/4     -3.53%    34 3/16
Exodus (Nasdaq:EXDS)         -5 13/16     -4.83%   114 9/16
Intel (Nasdaq:INTC)            -1 3/4     -1.63%    105 7/8
Juniper (Nasdaq:JNPR)          +7 3/8     +3.54%    215 7/8
Lucent (NYSE:LU)                 +1/8     +0.24%     53 1/8
Microsoft (Nasdaq:MSFT)       -6 1/16     -5.72%   99 15/16
Oracle (Nasdaq:ORCL)           -2 5/8     -4.21%   59 11/16
Schwab (NYSE:SCH)                +1/2     +1.30%         39
Sun Micro (Nasdaq:SUNW)         -3/16     -0.20%    94 7/16
Qualcomm (Nasdasq:QCOM)      -4 15/16     -3.61%        132
Qwest (NYSE:Q)                  +9/16     +1.23%     46 1/4
Yahoo (Nasdaq:YHOO)          -22 5/16     -6.11%  342 11/16


********************* Advertisement ************************

Sponsored by InvestorPlace.com

The race is on to map the human genome in Y2K.  One company
is at the head of the pack, and will earn early investors
windfall profits this year.  Find out how you can buy it
today--at a discount. FREE TECH INVESTING REPORT:
http://www.enlist.com/cgi-bin/re/www_PPI-ORDERS_com53P138

************************************************************

********************* Advertisement ************************

What every taxpayer should know:
Everything you need to prepare and file your taxes is at
MSN.com's MoneyCentral. Tax forms, tips, & tools help you
find overlooked deductions & avoid tax mistakes.

http://click.avenuea.com/go/l90_mctax582_011400cp_news_4/
direct/01

************************************************************

3. Notable Earnings Announcements

For a calendar of recent and upcoming earnings announcements,
please visit: http://www.smartportfolio.com/earnings.asp
<A HREF="http://www.smartportfolio.com/earnings.asp">AOL users
click here</A>

Wendy's International (NYSE:WEN) reported fourth quarter earnings
of 33 cents per share, which was one penny ahead of Wall Street
estimates.  Shares of the popular fast food chain operator gained
5/16 (+1.81%) to 17 9/16 while shares of Dow component and fast
food leader McDonald's Corp. (NYSE:MCD) ended down 9/16 (-1.58%)
to 34 15/16.

Dole Food Co. (NYSE:DOL) reported fourth quarter earnings of 4
cents per share, which beat First Call consensus estimates by a
penny.  Shares of the world's leading fresh fruit and vegetable
producer jumped 7.11% (up 1) to 15 1/16.

4. Notable Upgrades and Downgrades

For full coverage of today's upgrades, downgrades and coverage
initiations, please click on the appropriate links below:

-- Upgrades - http://www.smartportfolio.com/upgrades.asp
<A HREF="http://www.smartportfolio.com/upgrades.asp">AOL users
click here</A>

Cabletron Systems (NYSE:CS) shares rose 4.10% (up 1 1/2) to 38
1/8 after Goldman Sachs raised its rating on the computer
networking equipment maker to market outperform from market
perform.

Goldman Sachs also upgraded Kerr-McGee (NYSE:KMG) to trading buy
from market outperform.  Shares edged up 3/8 (+0.79%) to 48 1/8.

Merrill Lynch raised its near-term and long-term ratings -- both
to buy from accumulate -- on Office Depot (NYSE:ODP).  Shares of
the office supplies retailer fell 5.50% (down 3/4) to 12 7/8.

Merrill Lynch also upped its near-term rating on Shell Transport
(NYSE:SC) to buy from accumulate.  Shares were off 15/16 (-2.14%)
to 42 13/16.

Sunoco (NYSE:SUN) was upgraded by PaineWebber to buy from
attractive.  Shares of the oil company gained 9/16 (+2.35%) to 24
1/2.

Alcoa (NYSE:AA) was upgraded by CIBC World Markets to buy from
hold.  Shares of the aluminum company and Dow component rose 2
3/16 (+3.34%) to 67 11/16.

-- Downgrades - http://www.smartportfolio.com/downgrades.asp
<A HREF="http://www.smartportfolio.com/downgrades.asp">AOL users
click here</A>

InterVU (Nasdaq:ITVU) was downgraded by Raymond James to market
perform from strong buy.  Shares ended higher by 3 3/8 (+2.64%)
to 131 3/8.

KeraVision (Nasdaq:KERA) was lowered by Prudential Securities to
hold from accumulate.  Shares lost 5.26% (down 7/16) to 7 7/8.

Complete Business Solutions (Nasdaq:CBSI) was downgraded by
Donaldson, Lufkin & Jenrette to market perform from buy.  Shares
dropped 11.18% (down 2 1/8) to 16 7/8.

Micron Technology (NYSE:MU) was downgraded by ING Barings to hold
from buy.  Shares of the semiconductor company lost 1 1/4 (-
1.73%) to 71 1/8.

-- Coverage Initiations -
http://www.smartportfolio.com/initiated.asp
<A HREF="http://www.smartportfolio.com/initiated.asp">AOL users
click here</A>

Boston Scientific (NYSE:BSX) was started by Salomon Smith Barney
with a neutral rating.  Shares fell 15/16 (-4.70%) to 19.

F5 Networks (Nasdaq:FFIV) was initiated by McDonald Investments
with a buy rating.  Shares jumped 8 7/8 (+9.92%) to 98 3/8.

Chase Manhattan Bank (NYSE:CMB) was initiated by McDonald
Investments with a buy rating.  Shares dipped 1/2 (-0.60%) to 82
5/8.

5. Stock Splits

To obtain the latest information on stock splits, please visit:
http://www.smartportfolio.com/splits
<A HREF="http://www.smartportfolio.com/splits">AOL users click
here</A>

This chart shows the companies that will split their shares
during the next 5 business days.  The "Pay" column shows the
payable date.  The "Ex" column refers to the ex-date, the date on
which the stock begins to trade at its split-adjusted price.  The
ratio refers to the number of split shares stockholders will
receive (a 2:1 ratio means that stockholders will receive one
additional share for each share they already hold).

Company                                        Pay   Ex    Ratio

Broadcom (Nasdaq:BRCM)                         2/11  2/14    2:1
Mercury Interactive (Nasdaq:MERQ)              2/11  2/14    2:1
PMC-Sierra (Nasdaq:PMCS)                       2/11  2/14    2:1
PSINet (Nasdaq:PSIX)                           2/11  2/14    2:1
Real Networks (Nasdaq:RNWK)                    2/11  2/14    2:1
Sycamore (Nasdaq:SCMR)                         2/11  2/14    3:1
Yahoo! (Nasdaq:YHOO)                           2/11  2/14    2:1
Infosys Technologies (Nasdaq:INFY)             2/14  2/15    2:1
Shaw Communications (NYSE:SJR)                 2/14  2/15    2:1
Yellowave Corporation (Nasdaq:YWAV)            2/14  2/15    2:1
ADC Telecom (Nasdaq:ADCT)                      2/15  2/16    2:1
Exar Corp. (Nasdaq:EXAR)                       2/15  2/16    3:2
Hormel Foods (NYSE:HRL)                        2/15  2/16    2:1
BlindView Development (Nasdaq:BVEW)            2/16  2/17    2:1
Citrix Systems (Nasdaq:CTXS)                   2/16  2/17    2:1
Ditech Corp. (Nasdaq:DITC)                     2/16  2/17    2:1
Dycom Industries (NYSE:DY)                     2/16  2/17    3:2
LSI Logic (NYSE:LSI)                           2/16  2/17    2:1
i2 Technologies (Nasdaq:ITWO)                  2/17  2/18    2:1

6. IPO Commentary

IPO Commentary - http://www.smartportfolio.com/ipo
<A HREF="http://www.smartportfolio.com/ipo">AOL users click
here.</A>

The IPO market continues to stand out as an oasis for investors
amid declines in major market indices, even in the tech-heavy
Nasdaq.  Several companies made their public debut and any
worries that investor enthusiasm for IPOs has dried up quickly
evaporated.  Leading the way was webMethods Inc. (Nasdaq:WEBM), a
provider of business-to-business (B2B) services for the e-
commerce sector, whose shares soared 507.50%.  Another strong
performer today was Internet services company Lante Corp.
(Nasdaq:LNTE), which bolted 174.69% on its debut.

One notable exception to the IPO frenzy was Pets.com
(Nasdaq:IPET), which closed unchanged at its offer price of 11 on
the day.  The disappointing performance of Pets.com reinforces
that a company's brand name is less important to investors than
the growth opportunities of the market in which the company
operates.  That is why we continue to see unknown names in the
B2B sector, like webMethods, soar while prominent companies in
slower growth industries, like Pets.com, stagnate.

To discover the many hot prospects in the IPO pipeline, subscribe
to a two week FREE trial of the Smart!Internet Report at
http://www.smartportfolio.com/freetrial
<A HREF="http://www.smartportfolio.com/freetrial">AOL users click
here.</A>

7. IPOs Trading Friday

*Indicates an Internet related issue.

*WebMethods Inc. (Nasdaq:WEBM) - Provider of infrastructure
software and services that allow companies to achieve business-
to-business integration.
Price: 35  Open: 195  High: 215
Close: 212 5/8  Change: +177 5/8 (+507.50%)

*Pets.com Inc. (Nasdaq:IPET) - An online retailer of pet
products, integrating product sales with expert information on
pets and their care.
Price: 11  Open: 13 1/2  High: 14
Close: 11  Change: 0 (+0.00%)

*Lante Corp. (Nasdaq:LNTE) - An Internet services company that
develops sophisticated technology-based solutions that enable
emerging electronic markets.
Price: 20  Open: 44  High: 62
Close: 54 15/16 Change: +34 15/16 (+174.69%)

*FLAG Telecom Holdings Ltd. (Nasdaq:FTHL) - A global carriers'
carrier that develops and offers a broad range of innovative
telecommunications products and services to licensed
international carriers, Internet service providers and other
telecommunications companies.
Price: 24  Open: 30  High: 33 1/4
Close: 32 1/2  Change: +8 1/2 (+35.42%)

8.  IPO Calendar - http://www.smartportfolio.com/ipo
<A HREF="http://www.smartportfolio.com/ipo">AOL users click
here.</A>

For a calendar of upcoming IPOs and extensive information
concerning the IPO market, please visit:
http://www.smartportfolio.com/ipo
<A HREF="http://www.smartportfolio.com/ipo">AOL users click
here.</A>

********************* Advertisement **********************

WEBMETHODS SOARS OVER 500% IN PUBLIC DEBUT!

The Smart!IPO Report focuses on promising companies poised for
strong IPO returns.  Today's performance of webMethods
(Nasdaq:WEBM), which surged 507.50%, is just one example.

There are a plenty of hot companies set to go public in coming
weeks, and the Smart!IPO Report picks the likely winners every
week!  You can get our IPO analysis by subscribing to a FREE 2-
week trial at: http://www.smartportfolio.com/freetrials
<A HREF="http://www.smartportfolio.com/freetrials">AOL users
click here.</A>

**************************************************************

NASDAQ FALLS, BUT ARIBA KEEPS FLYING, UP NEARLY 17 TODAY!

Haven't heard of this leading business-to-business company?
Subscribers to the Smart!Internet Report have - they read an in-
depth analysis of the company in 2 previous issues, in which we
explained why this stock is primed for big gains.

To find out about your next compelling investment opportunity,
try a FREE 2-week trial subscription to the Smart!Internet
Report by visiting: http://www.smartportfolio.com/freetrials
<A HREF="http://www.smartportfolio.com/freetrials">AOL users
click here</A>

***************************************************************

***************************************************************

                PLEASE GIVE US YOUR FEEDBACK

If you have any additional information that you would like us to
include in our newsletter, any additional functionality added to
our website, or any other comments in general, please let us know
by clicking on the following link:
http://www.smartportfolio.com/feedback

***************************************************************

***************************************************************

                 ADVERTISE IN OUR NEWSLETTER

Want to target an attractive demographic representing wealthy,
astute, Internet-inclined investors?  Please send your
advertising inquiries to: mailto:ads@smartportfolio.com

***************************************************************




---
You are currently subscribed to update as: sshackl@ect.enron.com
To unsubscribe send a blank email to 
leave-update-25348W@smartportfolio.sparklist.com