InternetFundManager.com, Inc.

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FOLLOWED STOCKS

This sample table is for the end of First Quarter 2000

Institutional investor, input your password for current ratings and December 2001 target prices

Company and Sector

Symbol (Report)

See explanation of ratings sytem below

Analyst(s)

Short-Term Rating

Target Price

(Q2 2000)

Long-Term Rating

Internet Access

America Online

AOL

$70

Mikhail Leonidov & Jonathan Gutwein

Earthlink Network

ELNK

$50

Michael London & Quen Liu

Cable Internet Access

Excite@Home

ATHM

$36

Christopher Kim & Jie Li

Internet Cable

ICBL

$8.5

Michael Murillo

Wireless Internet

Metricom

MCOM

$90

Dimo Kostopoulos

Phone.com

PHCM

$160

8.5

Adam Gross

IP-Telephony

VocalTec Communications

VOCL

$35

Paul Carag & Kate Alley

Internet Domain Registration

Network Solutions

NSOL

$300

6.5

Umut Vardar

Internet Software Solutions

BraodVision

BVSN

$186

Daniel Freidberg

iXL Enterprises

IIXL

$40

Kit Lai

Internet Portals

CNET

$65

Gokhan Atilgan

Yahoo!

YHOO

7.9

Kinshuk Sharma & Jing Wang

e-Commerce

Amazon.com

AMZN

$74

Yu Luo & Matthew Rosen

eBay

EBAY

159

7.5

Ron Israel & William Wai-Yin Kwok

Egghead.com

EGGS

C-

10.25

Francesca Durante & Satnan Singh

eToys

ETYS

$16.5

Kevin Shacknofsky

priceline.com

PCLN

Simit Patel

B-to-B e-Commerce

VerticalNet

VERT

$220

Hitesh Patel & Andy Yuan Chang

e-Communities

GeoCities

GCTY

(merged with Yahoo!)

iVillage

IVIL

$30

Sarah Studley & Adriana Suarez

Mpath Interactive

HEAR

$18

Edward Taylor

Netivation.com

NTVN

Andrew Ing

Internet Advertising

DoubleClick

DCLK

$175

Jennifer Huang & Marc Mendelsohn

e-Health

drkoop.com

KOOP

$13

Joseph Leone & Ling Tang

Healtheon/WebMD

HLTH

$65

Bhupinder Singh & Jenny Damin Zhang

e-Finance

E*TRADE Group

EGRP

$19

Alex Tang, Ph.D.

Net.B@nk

NTBK

$18

Eric Cappelmann

Wit Capital Group

WITC

$18

Rubing Qian

B-to-B Transaction Processing

Digital Courier Technologies

DCTI

$11

Andrey Lo & James English

Long-Term Rating System
Our Long-Term rating system is based on the next-12-months performance that we expect the stock will have relative to the ISDEX Internet stocks index. As shown below, if we estimate that the stock will have an average performance relative to the Internet industry and thus produce the same annual (next-12-months) return as the ISDEX, we give it a 5 rating. If we expect it to outperform the industry, we give it a rating higher than 5. Conversely, if we expect the stock to under-perform the Internet industry, we give it a rating lower than 5. The ratings above (below) 5 depend on the degree by which we expect the stock to outperform (under-perform) the Internet index, as follows:

Expected difference between the (percent) annual returns of the stock and Internet Index	Long-Term Rating	Long-Term Rating (interpretation assuming a normal fairly bullish market)
25% or more	10	Strong Buy
20%	9
15%	8
10%	7	Buy
5%	6	Outperform
0%	5	ISDEX-perform
-5%	4	Under-perform
-10%	3	Sell
-15%	2	Strong Sell
-20%	1
-25% or less	0

where

Expected Return = 100%X(Expected Price- Current Price)/Current Price

For example, if we expect the annual (next-12-months) returns of the stock and Internet index to be 45% and 40%, respectively, then the difference between the percent annual returns of the stock and index would be (45%-40%=) 5% and this would correspond to a 6 rating (outperform rating).

Short-Term Rating System
The Short-Term rating system is based on the expected short-term (2 months) return of the stock (and NOT on the difference with that of an index)

Expected Shor-Term (2-months) Return of the stock	Short-Term Rating	Short-Term Rating (interpretation)
20% or more	A	Strong Buy
15%	B	Buy
5%	C	Accumulate
0%	D	Hold
-5%	E	Sell
-10% or less	F	Strong Sell

For example, if the stock is trading at $50 and we expect it to go to $60 in two months and thus have a short-term return of 20%, we give it an A rating (Strong Buy Short-Term rating).

Target price is the price we expect the stock to trade at a particular time in the future.

The New Economy

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