Message-ID: <32188095.1075857096814.JavaMail.evans@thyme> Date: Mon, 11 Dec 2000 16:51:00 -0800 (PST) From: catch_of_the_day@listserv.redherring.com To: alewis@ect.enron.com Subject: CATCH OF THE DAY: Lazy money Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable X-From: "Redherring.com" X-To: alewis@ect.enron.com X-cc: X-bcc: X-Folder: \Andrew_Lewis_Dec2000\Notes Folders\All documents X-Origin: Lewis-A X-FileName: alewis.nsf Find these stories and more at http://www.redherring.com ------------------------------------------------------------ TOP STORY: Despite market conditions, the technology sector still holds promise. We select eight attractive investing categories and tell you what to look for within them. * Tech investing 2001 http://www.redherring.com/mag/issue87/mag-investing-87.html ------------------------------------------------------------ A D V E R T I S E M E N T B2B E-COMMERCE FOR THE GLOBAL 2000...IN 60 DAYS SpaceWorks Web BusinessManager Suite delivers the most complete OUT-OF-THE-BOX functionality for B2B selling on the Web. See why it's the choice of Global 2000 leaders and e-Marketplaces like GE AIRCRAFT ENGINES, LUCENT and MAYTAG. http://www.spaceworks.com/leader A D V E R T I S E M E N T ------------------------------------------------------------ Lazy money Nick Denton is CEO of Moreover. Previously, he was a writer for The Economist, and an investment banking correspondent for the Financial Times. So it's not surprising that when he decided to ditch news writing and start his own operation, he picked something related to journalism -- but not a content company. As Nick says, "Journalists don't scale." Nick's product indexes a finite number of frequently updated, unscalable content sites; right now, it scans more than 2,000 sites about every 15 minutes. By comparison, normal global search engines, from Google to Inktomi, crawl everything and anything. Because a complete tour of the Web can take weeks, these engines can miss current articles. The clever part of Moreover's model is that the company is not, strictly speaking, in the search engine business. Instead of running machines that answer queries directly, it exports its index to its partners (new sites and corporations that need current market intelligence), so their own search engines have a better content set to use. The 50-person company partners with search companies today, but its technology would probably make a nice snack for one of these much-larger companies -- providing Internet stocks go back up and make acquisitions possible again, that is. - Rafe Needleman, rafe-needleman@redherring.com Editor, http://www.redherring.com FURTHER READING * What's the future of search engine companies? Discuss! http://boards.redherring.com/WebX?13@31041@.ee6d7ae??* Company site: Moreov= er?http://www.moreover.com??* Complementary technology: Autonomy?http://www= .redherring.com/cod/2000/1201.html??* Another relevance engine: Fizzylabs?h= ttp://www.redherring.com/cod/2000/0630.html??* Comparative stock chart: The= Street, Marketwatch, CNET,?Salon?http://www.stockmaster.com/exe/redherring= /chart?Symbol=3DTSCM&co=3Dc&m=3D12&f=3Dd&sz=3Dd?&ci=3Dn&cs=3DMKTW%2CCNET%2C= SALN&ma=3Dn&lco=3Dc&UPT=3D2948??* Buybacks boost stock, but at a price?http= ://www.redherring.com/investor/2000/1211/inv-buyback121100.html??* Shop Tal= k: Disney is content with content?http://www.redherring.com/industries/2000= /1024/ind-shoptalk102400.html??* Online content's headlines spell trouble?h= ttp://www.redherring.com/industries/2000/0626/ind-content062600.html??* Con= tent and its civilization (1999)?http://www.redherring.com/mag/issue63/vc-c= ontent.html??* VCs began shying away from content deals in 1998?http://www.= redherring.com/mag/issue56s/winter.html??----------------------------------= --------------------------?A D V E R T I S E M E N T??DLJdirect - Visit Our= IPO Center!?DLJdirect is one of the world's premier online brokerage?Firms= serving sophisticated self-directed investors.?Find out how you may partic= ipate in a?New IPO issue at DLJdirect.??http://www.dljdirect.com/ipobannera= d.htm?OIRDHTXIP??A D V E R T I S E M E N T?--------------------------------= ----------------------------??INSIDE TECH?In the Red Eye: Fear not, Interne= t investors -- the next?phase of the Internet boom has only just begun. Als= o, how?can we move beyond "pregnant chads" and butterfly ballots??While the= technology's there, the will may be missing.??* The Red Eye: Internet phoe= nix will rise?http://www.redherring.com/insider/2000/1212/tech-redeye121200= .html??* Technology can eliminate retro-voting?http://www.redherring.com/in= sider/2000/1211/tech-mag-89-voting121100.html???INVESTOR?After staging a se= cond-half stock-market comeback, the?future for Qualcomm remains as confusi= ng as ever.??* Qualcomm faces conundrum?http://www.redherring.com/investor/= 2000/1212/inv-qualcomm121200.html???IPO NEWS?In IPO week in review: when th= e Federal Reserve acknowledged?that economic growth is slowing, some were c= onvinced the?worst is over for a battered technology market. But it's?likel= y too little, too late to resurrect the IPO market.?Also, Lucent renames it= s communications chip unit Agere and?files for a $100 million IPO. Can this= help Lucent's stock?get back on track???* IPO week in review: the waiting = game?http://www.redherring.com/ipo/2000/1211/ipo-review121100.html??* Can s= pin-offs save the day for Lucent??http://www.redherring.com/ipo/2000/1212/i= po-agere121200.html???VC & STARTUPS?In Dealflow: Akara asks for and gets $1= 7 million; Catena?Networks nabs $60 million; Mohr, Davidow starts $850 mill= ion?fund; Gab Internet pitches; and more.??* Dealflow: Highwired's kinder, = gentler layoffs?http://www.redherring.com/vc/2000/1212/vc-ltr-dealflow12120= 0.html???INDUSTRIES?In Global Currents: Softbank and Freeserve eat humble p= ie in?admitting that their business models couldn't cut it. Also,?in Shop T= alk: Take off your clothes, put on a spandex?bodysuit, and get scanned. Wel= come to tomorrow's clothing?store.??* Global Currents: Let that be a lesson= ?http://www.redherring.com/industries/2000/1212/ind-global121200.html??* Sh= op Talk: Doppelgangers live to shop?http://www.redherring.com/industries/20= 00/1212/ind-shoptalk121200.html???-----------------------------------------= -------------------??FREE email newsletters from Redherring.com!??Want insi= ght into the hot IPO market, long-term investing?strategies, future technol= ogies, stocks to watch, venture?capital funding, and more? Get FREE email n= ewsletters in?your inbox from Redherring.com, with the insight, analysis,?a= nd opinion to help you make more strategic business and?personal investing = decisions. Subscribe today.??http://www.redherring.com/jump/om/i/business/r= hcom/global/subscribe/47.html??--------------------------------------------= ----------------??SPECIAL OFFER on RED HERRING magazine!??Stay on the cutti= ng edge of technology -- subscribe to Red?Herring. 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