Investors who have picked up on such logic from seminars, investing guides and Internet newsletters are rushing out to capitalize on it.

From the start, the "Internet newsletter" DaveNet was widely read among industry leaders and analysts, who experienced it as a "real community."

And last month, the author of an Internet newsletter that promoted Systems of Excellence was sentenced to 12 months in prison for his role in the fraud.

Mr. Dmitriyevsky has visited Chechnya five times since 1995 and edits an Internet newsletter documenting human rights abuses there.

His Internet newsletter is a runaway hit, with some two million subscribers.

Gordon Cook, author and publisher of a monthly Internet newsletter, www.cookreport.com, has offered enthusiastic support and a well-populated Rolodex.

He is representing a one-man Internet newsletter against a lawsuit filed by the Ford Motor Company.

On one assignment, she looked for an advertising agency to promote a series of Internet newsletters published by her employer.

Word of the request was first disclosed yesterday in an Internet newsletter, Inside the Air Force.

AuctionBytes, an Internet newsletter that follows the online auction industry, offers a free chart that potential sellers can use to compare prices among consignment shops.