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: drakes353 who wrote (844)	7/30/1999 1:45:00 AM
From: Brian	Read Replies (1) of 954

drakes353, I know that NTOP was delayed for a bit, but I would say that today's IPO was hot, priced at 15 and closed the day at 26 9/16 The parent company IDTC owns 27.8 million shares of NTOP, which based on NTOP closing price would be valued at 738.4 million dollars. What I find intriguing is that the current market cap of IDTC is only 444.7 million. Either NTOP is way overvalued, or IDTC (excluding its NTOP shares) is a liability of 293.7 million. You were so kind to explain this discrepancy with FIBR, could you explain why these numbers don't seem to add up with IDTC. Brian

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