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Technology Stocks : MessageMedia Inc. (MESG)
MESG 18.65-25.4%May 25 5:00 PM EST

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To: Gutterball who wrote (369)10/25/1999 6:41:00 PM
From: Gutterball   of 553
 
The announcement of $41.9 million in new financing is significant. I point out this money is not coming from a hedge fund (Recall NAVR #reply-11510585). Softbank et al adding to their positions indicates old investors are looking to protect their investment and vote in the company.

The new investor, Van Wagoner Capital Management, is looking for significant growth. AOL, Yahoo!, and Microsoft contracts has caught his eye although he faints to Reader's Digest (recall, the #2 conference call question is top three clients).

I'm looking for Robertson Stephens to initiate coverage of MESG in the days to come. They are acceptable, could have been worse. Anyone who has watched Goldman Sachs pull of those short squeezes on YHOO and AMZN knows who the top dog is.

We'll probably get at least one acquisition before the end of the year -- probably a private company with Softbank backing.

I'd offer a moment of silence for the Yahooeys who sold today, but it's best they be forgotten quickly. MESG doesn't need them to get where it's going.

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