Banyan (BNYN $8.75) as an internet play Message Board

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Technology Stocks : Banyan (BNYN $8.75) as an internet play

BNYN 0.000001000

0.0%

May 1 11:25 AM EST

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To: Jim Muskett who wrote (993)	3/1/2000 10:19:00 PM
From: Ashley800	of 1006

Jim, If you like switchboard, buy switchboard. The parent - bnyn, or the mothership as you referred to it, might drop like a rock tomorrow and Friday. Check out the charts for MALL, DBCC and DLIA, as they were once Mothership's themselves. Some parents do continue to rise after the spinoff, namely HNCS. My guess is at least 2 or 3 things need to be present for that to happen: 1) A red hot IPO, 2) Parent ownership to be 80% or higher AFTER spinoff (for example, COMS will still own 90+ % of PALM) and 3rd and most important, the shareholders of the Mother will need to be receiving shares of the spinoff (usually 6 months down the road) as a tax free dividend. BNYN will NOT be issuing stock of SWBD to current or future BNYN holders. SWBD may - or may not be a Hot IPO as a double isn't considered all that amazing anymore. BNYN currently owns about 50% of SWBD and will own about 43% after the IPO. IMHO this is not enough to keep BNYN at any level above 20. For the record, I am very short BNYN and frankly not a bit concerned as it has clearly topped and is making lower lows each day. Play it smart and protect yourself just incase I'm right. Good luck. Dave

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