PointCast IPO -- should be filed by late May Message Board

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Technology Stocks : PointCast IPO -- should be filed by late May

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To: taxikid who wrote (12)	5/19/1998 1:01:00 PM
From: Francis Gaskins	Read Replies (1) of 33

"The novelty factor worn thin, the dug in the trenches work just begun, being so popular that corporations banned it from being downloaded and installed, some six years after inception and two years since it reached mega-hype level, PointCast, the personalized news provider, filed to go public with 3.75 million shares at a target $11 each. "But is this the Godzilla of Internet stock offers this year? We doubt it. Like Hollywood, Wall Street is fickle. "A little more than a year after it reportedly spurned a $450 million offer from News Corp., Internet-based personalized news network provider PointCast wants to debut on Wall Street at $340 million fully-diluted market capitalization, our estimated 14x revenue, while rivals trade anywhere between 2x to 15x depending on who you count as competition and which way Wall Street parts its collective hair in the morning." internetnews.com (becomes an archive after today)

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