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Technology Stocks : Healtheon - The next Netscape (Fortune Sept. 9 1998)
HLTH 0.1200.0%Sep 10 5:00 PM EST
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To: Gary Kline who wrote (9)1/6/1999 12:53:00 AM
From: DARPA  Read Replies (1) of 48
 
Gary, have the Business 2.0 article in front of me right now. Subscribed to it as a matter of fact. Great 'rag'.

In addition, in the Economist (October 24th, 1998, p. 68, article entitled "Hardly Wired") ... "the health-care industry spends a measly 1-2 % of annual revenues on information systems, compared with 7% in banks and financial services."

It says HBOC (Atlanta based firm) is eager to help healthcare 'catch up'. ... "October 18th, it announced a $14.5 Billion merger with McKesson, and American drug distributor. HBOC is the biggest health-care information-technology provider, with roughly 10% of the market. It has systems in over 9,000 hospitals, doctors' offices and managed-care companies."

Healtheon's web site is up and running. Here's the scoop according to the Economist.

There are plenty of pretenders to the throne. One of the boldest is Healtheon, a firm started in 1995 by Jim Clark (who also founded Silicon Graphics and Netscape). Healtheon cancelled its $40M listing on October 20th thanks to market volatility, turning instead to private financing in its drive to get health data exchanged over the Internet.

Does this mean no chance of owning shares? Who financed them? Will this ever be publicly traded?
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