SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Premiere Technologies (PTEK)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lawrence Burg who wrote (1208)3/1/2000 9:41:00 AM
From: Lazlo Pierce  Read Replies (1) of 1270
 
Ptek sold most of their stake (around 80%) in HLTH last Q, @ ~ $43/share. From the report..<<

On November 11, 1999 WebMD completed its merger with Healtheon, creating the world's leading online health services company. For its shares in WebMD, PTEKVentures received approximately 4.8 million shares of the combined company. During the fourth quarter, PTEKVentures sold approximately 3.46 million shares for net proceeds of approximately $155 million. PTEKVentures used a large portion of these proceeds to pay off $143 million of revolving bank debt. During January 2000, PTEKVentures sold 365,000 shares for net proceeds of approximately $19.7 million. PTEKVentures currently holds 976,889 shares of Healtheon/WebMD.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News