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Microcap & Penny Stocks : Tech Squared (TSQD)- Internet Commerce

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To: M. Frank Greiffenstein who wrote (844)7/23/1998 12:36:00 AM
From: C. McD  Read Replies (1) of 2752
 
GeoCities IPO may coincide with DRIV:

Looks like GeoCities may coincide with DRIV. Initial price is low, float tiny. What are your thoughts on implications to DRIV, my initial assessment is that GeoCities would help DRIV more if it happens before DRIV IPO. TSQD seems well positioned to play role of CMGI for DRIV. Thanks for comments (and thanks for advice on crappy little NTSA, I'm saving my money to get more TSQD at ~$4 1/2).

cbs.marketwatch.com

GeoCities, which hosts the only Web property among the 10 most heavily trafficked that isn't yet part of a public company, filed to sell 4.75 million shares at $12 to $14 each. At the top end of the range, the Santa Monica, Calif.-based company would be worth $429 million, not including outstanding options. Excitement over the upcoming GeoCities' IPO, which some analysts believe could outperform Broadcast.com's last week, has given a huge boost to shares of CMG Information Services (CMGI). CMG is the largest shareholder in GeoCities, which allows users to create their own Web pages.

According to lead underwriter Goldman Sachs, GeoCities is scheduled to price on Aug. 10 for trading the next day.
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