BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR Message Board

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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR

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To: Glenn Petersen who wrote (841)	7/28/1999 3:08:00 PM
From: Brian	Read Replies (3) of 954

NSIL may be a hot IPO. Looks like the IPO will happen on August 10. The parent company FIBR will sell off its NSIL division by selling 5 million NSIL shares and keeping the remaining 8 million shares. The tentative price is 8 to 10 dollars. ostman.com What I find intriguing is that the current market cap of FIBR is only around 110 million, yet if the IPO goes through at $10 the market cap of the spin off (NSIL) will be 130 million. Either FIBR is worth nothing or it is undervalued. Brian

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