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Technology Stocks : Creative Computers(MALL)

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To: Mr. Pink who wrote (218)11/18/1998 10:36:00 PM
From: Frost Byte  Read Replies (2) of 1634
 
From TokyoMex Board..valuation of MALL ($72):

MALL has 10 times more revenue than EBAY ,,

Some thoughts on MALL:

-MALL will own 7.33mm shares of UBID following the IPO.
-UBID is indicated to be priced at $14.

-If UBID performs like Earthweb (EWBX): EWBX was priced at $14 and
went as high as $85 (which is not as big a jump as TGLO which was
priced at $9 and hit $97).

Implication: If UBID hits $85 like EWBX did, MALL's shares in UBID
alone are now worth $623mm (equivalent to $62.30 per share...MALL has
10mm shares outstanding)....add this to what MALL is worth without
UBID (let's say a conservatvie $10 per share) and we've got a MALL
valuation of $72.30 per share.

That's right, if UBID performs like EWBX, a conservative valuation for
MALL would be $72.30 per share (a nice increase from the $29 close
today).

I am in now way saying MALL/UBID is worth this much long-term, but in
today's IPO frenzy, it is quite possible (and I think probable) that
UBID will have a huge jump from the $14 IPO price.

If UBID opens for trading at only $50...well, then, MALL would be only
worth about $47...still a nice 62% above today's price.
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