eDrugstores: Drugstore.com, PlanetRx and Soma Message Board

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Technology Stocks : eDrugstores: Drugstore.com, PlanetRx and Soma

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To: H James Morris who wrote (204)	9/6/1999 11:39:00 AM
From: H James Morris	of 254

TomD, What do you think of this Physician? >>Upshot: Online drugstore PlanetRx hopes to go public soon. Among the liabilities that shareholders will buy into is an expensive deal to acquire domain names. The Deal: Physician and photojournalist Matthew Naythons scarfed up domain names and peddled them to PlanetRx (where he's VP of editorial and publishing) for a rosy prognosis: 690,000 shares and a split of any revenue from the sites, up to $500,000. The Dish: The domains could prove valuable. But PlanetRx is mum on the sale and other curiosities, like why eToys gets a right of first refusal if PlanetRx sells the names fertility.com and infertility.com before 2004. The Take: No details yet on PlanetRx's IPO. But the company's sale of stock to funders at $8.76 per share puts Naythons' stake at $6 million - before the usual IPO run-up. Not bad for an ex-journalist who bought up a handful of Web domain names.<<

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