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Technology Stocks : Mortgage.com, Inc- (Nasdaq: MDCM)

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To: kennbill who wrote (491)	12/3/1999 1:59:00 PM
From: Dolfan	Read Replies (2) of 516

Another competitor doing IPO! Charlotte, N.C.-based Lending Tree filed for a $30 million IPO with led underwriter Merrill Lynch. LendingTree Web-based loan marketplace for consumers and lenders that operates with PriceLine (PCLN: news, msgs) and others. It collects consumer credit requests and compares them to underwriting criteria of more than 90 participating lenders in its network for mortgages, home equity loans, automobile loans, credit cards, and personal loans. Competitors include E-Loan (EELN: news, msgs), Mortgage.com (MDCM: news, msgs) and Microsoft's (MSFT: news, msgs) HomeAdvisor, Creditland, and MortgageAuction.com. The company rang up $2.3 million in revenue and a loss of $7.4 million in the third quarter vs. revenue of $1.1 million and a loss of $4.5 million in the second quarter.

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