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Technology Stocks : Banyan (BNYN $8.75) as an internet play
BNYN 0.000001000-99.5%May 1 11:25 AM EST

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To: Gustaf who wrote (857)4/12/1999 8:07:00 AM
From: Bosco   of 1006
 
G'day all - Gustaf, I doubt AOL was alluding to SB. It's stake in SB is tiny, and considering it tried to stiff the latter, MSFT style, it doesn't make a whole lot of sense for SB to let the former to hype the situation. And seriously, while there is a legitimate reason to bet on BNYN from the spinoff angle, but mentioning it on SI endlessly doesn't make it happen any time sooner [I don't mean to ruff anyone's feather - and advance apology - but it is a shame to turn this thread into a hype like the pennies, BNYN deserves more than that!]

On a separate note, NYTimes has an interesting story about the tension between online merchant and portals. While SB is not mentioned by name, it has serious implications.

nytimes.com

To begin with, that validates SB's decision of not renewing its contracts with AOL. More, SB's business model is definitely a better bet to tens of thousands of small businesses who want to but cannot afford the exorbitant charge on net RE by the fat cat portals.

best, Bosco
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