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INVESTIGATIONS ARE UNDER WAY IN HOLLISTER AFTER ONE PERSON WAS FATALLY STABBED, WHILE ANOTHER WAS STRUCK BY A VEHICLE EARLY THIS MORNING.   POLICE ARRIVED TO THE 700 BLOCK OF EAST STREET AROUND 2 A.M. TO FIND TWO VICTIMS, ONE WITH MULTIPLE STAB WOUNDS WHILE THE OTHER WAS SAID TO HAVE APPEARED AS THOUGH HE HAD BEEN HIT BY A VEHICLE.   BOTH MEN WERE AIR LIFTED TO THE HOSPITAL.  THE STABBING VICTIM DIED WHILE BEING TREATED, AND THE STATUS OF THE OTHER IS UNKNOWN.  POLICE BELIEVE THE INCIDENT IS GANG RELATED.