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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who wrote (4072)1/14/1999 11:08:00 PM
From: Liren Chen  Read Replies (2) of 122087
 
What does $17 IPO mean to DBCC?

DBCC owns 4.5 million CBSMarket Watch (Nasdaq: MKTW).

Let's assume DBCC worths $7 without MarketWatch.
(how to get $7? Average price of DBCC before Dec'98).

Let's assume MarketWatch will trade $50. So DBCC ownership on
on MarketWatch is $50 * 4.5M = $225M. DBCC has 32.2M shares
outstanding. A share of DBCC will own $225M/32.2M = $7 on
MKTW. A share of DBCC worth $7 + $7 = $14.

Following is a table which shows relations ship between
DBCC and MKTW

MKTW price Calculated DBCC price
-----------------------------------------
$17 $9.4
$30 $11.2
$50 $14
$100 $21
$150 $28
$200 $35
$1000 $147
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