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Technology Stocks : Healtheon Corporation (HLTH)
HLTH 0.1200.0%Sep 10 5:00 PM EST

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To: stock_bull69 who wrote (443)2/14/2000 9:13:00 PM
From: Sam Sara  Read Replies (2) of 861
 
Briefing.com:

Healtheon/WebMD (HLTH 56 5/8 +1 5/8) took a giant step toward becoming the B2B healthcare player when it acquired Medical Manager (MMGR 86 3/4 +21 3/4), a provider of physician practice management systems, and its publicly traded subsidiary, CareInsite (CARI 72 +4 1/8)... Healtheon/WebMD will pay 1.65 shares of Healtheon/WebMD common stock for each share of Medical Manager and 1.3 shares for each share of CareInsite not owned by Medical Manager... After the announcement, Pacific Growth Equities upgraded HLTH from LT BUY to BUY, noting that the acquisition eliminates the last material competition on the connectivity front... Believes HLTH will be the number one Internet healthcare franchise for the foreseeable future.

This is a significant step...I am a physician that works closely with a Fortune 500 health care provider, and I can tell you that all these companies are looking at information technology implementation. Major funds will be devoted to this in the next few months and years. HLTH should be one of the major winners, and with this acquisition, they are the only real player. Bought more today.
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