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Technology Stocks : Pacific Internet Next HOT IPO?
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To: CoffeePot who wrote (70)2/8/1999 11:57:00 AM
From: Greg Jung  Read Replies (1) of 912
 
I agree it is a spine-less article. ALL internet stocks are overvalued, even though we don't know how to value them. Especially with the lack of info available to the public upon IPO issuance, there's no way to judge. Maybe just use the company take on IPO, 2.5m x $15 = $38m, consider remaining shares $150m. How much
subscription capacity with current equipment. This is a simple business with straightforward entry requirements. What is it about -this- company that one should value equity at 3x premium? Greg
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