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Technology Stocks : Premiere Technologies (PTEK)
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To: M. Carver who wrote (734)5/22/1999 3:48:00 PM
From: HandsOn  Read Replies (1) of 1270
 
I saw that USA.NET with 8.5 million shares was priced at 15 to 17, with the press PTEK got this week I would think it will be priced higher before it goes public. Say it goes priced at 19 and ends the first day at 30. With the small float it will probably go higher than 30. Then take 952,000 shares x 30, that's another 28.5 million. Every venture PTEK is in is also an outlet for Their products and technology, They are the world leader in unified messaging now. These two deals add roughly 17 1/2 dollars to the current price which gives You 35 dollar price. When new company from merger starts, PTEK gets another 165 million from the 11 million months service at 15 dollars per month.What a cash cow. I got in Wed. for a quick trade, but now it looks like a mid to long term hold for me which is rare.
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