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Technology Stocks : Data Broadcasting Corp. (DBCC)
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To: John Wu who wrote (2593)1/11/1999 1:59:00 AM
From: Stephen  Read Replies (2) of 5102
 
John, your math is incorrect...... and frankly, mine has been too if what I just checked is correct. DBCC has 32+ million shares outstanding, MKWT will have 10 million (is that right ??). DBCC cannot consistently trade at 38% of MKWT because it will have over 3 times more shares outstanding !!. If MKWT trades at 100, that does not place an increased value on DBCC of 38 points, but 38 points divided by 3+ ... which equals approx ... say 13 points. So if you take a starting point for DBCC of its previous all time high of 16+, rather than its low of 3+ and add the 13 you get 29. So one could assume DBCC is fully valued at 26+. Especially as MKWT will not, imho, get close to the 100 point trading value anyway. Now I've calculated this before and got a better figure for DBCC ... so if anyone would care to check my base figures, I'd appreciate it.

This does support any theory put forward of a future buyout of DBCC by CBS as the stock price will likely settle back to low teens once the momentum has gone.

I think a large number of people are making the same mistake as you are John ..... hence the current price.

That does not mean the momentum will not take it higher .. just that you need to be ready to exit quickly !!

Stephen
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