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Technology Stocks : PGEX Pacific Gateway Exchange,INC.

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To: Kingpin who wrote (82)1/2/2000 4:56:00 PM
From: Kingpin   of 95
 
Mark , i think i just realized what you meant. I remember that idiot from the WCII board last year. But i am not him...lol i swear

You can ask Steve B who i became very good friends with.

i brought up the accounting thing b/c i am long 10K PGEG from 17. I was made aware of a Jeffries report that was really really critical. So i purchased it...I can email it to you if you'd like. SB, refutes the report saying that its only cash flow that matters. But i was concerned..saw your name here and thought id ask you what you knew.

The truth appears to be that SB thinks its worth $60 and PW $40 based on cash flow. But Jeffries thinks they are pretty much going under.

Either way earnings for 2000 appear to be on the brink of being reduced anywhere from 30-70%, and i am worried about the initail reaction when that happens.

any input would be appreciated.

Thanks

Scott Whaley
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