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Technology Stocks : Pacific Internet Next HOT IPO?
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To: Herc who wrote (792)8/13/1999 5:21:00 PM
From: Carolyn  Read Replies (1) of 912
 
From Steve Harmon's email newsletter:

e-harmon.com's
NetStock! by Steve Harmon
ceo of e-harmon.com
"for the internet investor"
e-harmon.com
___________________________

Looking up, through the sky where Perseus sits a meteor shower flickered
through the heavens last night. Likewise, for those who know Internet IPOs
it's been a lot of similar falling metal burning up on re-entry the past
month. As a group the Internet IPOs e-harmon.com tracks are down 40% since
July 15.

Before Chicken Little screams the "sky is falling" keep in mind that the
group also is up 95% overall from their initial public offering price. While
most retail (indy) investors don't have a prayer of buying at the IPO the
percentage of after-market run is important as a benchmark for valuation.

Let's look at which of the more than a dozen have cratered and if they
warrant another look. The biggest pop to drop was Pacific Internet
(NASDAQ:PCNTF) with a plunge of 54% since July 15 to $46 per share August
12. It provides ISP services in several Asian countries with a plan of
rolling out more in the region.

_______________________________________
e-harmon.com Internet IPO Scorecard
Internet Stock 12-Aug Percent Change from
IPO 1999 Symbol close change vs. 7/15 IPO
_______________________________________
Healtheon HLTH $34.13 -46.7% 327%
Priceline.com PCLN $67.31 -33.4% 321%
Verticalnet VERT $62.13 -42.4% 288%
Vignette VIGN
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