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Technology Stocks : Internap Network Services Corporation

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To: Dave B who wrote (494)	10/28/2002 8:08:05 PM
From: Bilow	Read Replies (1) of 1011

Hi Dave B; One for 5 seems a bit too low. No margin for error, and who wants to have to do this again a few months later. They should go with a 1 for 10. A 1 for 5 would leave them with (according to Yahoo), a book value of only $.80 per share, but their most recent quarter lost $.75 per share and they only would have $1.40 per share in cash and $1.57 of debt, but $4.10 worth of sales (all figures after the reverse split). At least with a 1 for 10 they'd get a book value (at least temporarily) into the single digits. -- Carl P.S. Telecom sucks.

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