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Technology Stocks : UCOMA UnitedGlobalCom

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To: Mad2 who wrote (281)	2/14/1999 1:38:00 AM
From: Tech97	of 489

Mad2, I agree with your points. UBID raised 25 million in the IPO at 14.00 per share (1.8 million shares) while UPCOY raised 1.3 billion at 33 per share (40 million shares). The reason for the wide delta between MALL current market cap and MALL's holding of UBID is the current float of UBID (less than 2 million shares) The market is saying UBID is not worth the current market price of 62.50 per share and thus the disparity. When MALL issues its 80% holdings, the delta will narrow and UBID stock price will decrease. The situation with UIHIA and UPCOY is quite different with big players (MSFT) involved and the strong demand for the UPCOY IPO (20 times oversubsribed). UIHIA is not an overnight sensation. Overtime, the gap will narrow if UPCOY can deliver and sustain its current price. I'm long at an average price of 24 per share since January. Regards Dec. 9, 1998--uBid, Inc. (''uBid'') (Nasdaq:UBID - news; ubid.com) announced today the closing of its initial public offering (IPO) yielding approximately $25 million in net proceeds from the sale of approximately 1.8 million shares of uBid common stock, which included 237,000 shares pursuant to the exercise of the underwriters' over-allotment option.

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