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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)
VEEV 299.08+1.1%Nov 11 3:59 PM EST

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To: Stock Watcher who wrote (4299)3/16/1999 12:01:00 PM
From: Francois Goelo  Read Replies (1) of 52051
 
Stock Watcher, Interesting Commentary about WCAP from Briefing.com...

WINFIELD CAPITAL CORP (WCAP) 18 1/2 +6 13/16. Shares of White Plains, NY-based closed-end investment company have raced to an all-time high today, as traders position themselves in the stock in anticipation of the company's next big initial public offering. WCAP first came across Briefing.com's radar screen in July when the stock soared ahead of the initial public offering of online computer products retailer Cyberian Outpost (COOL), a company in which Winfield Capital held a 1.7 million share stake. While the quality of WCAP's deals have not been nearly as attractive fundamentally as those brought to market by Internet venture fund CMGI Inc (CMGI), one cannot argue with the results. After pricing at $18, Cyberian Outpost shares have reached a high of $45.50. Shares of publication subscription management company Rowecom Inc. ROWE) came public last week at $16 per share. The stock has reached a high of $39, an increase of 144% from the IPO price. The attached table lists some of the Winfield Capital companies scheduled to hit the market over the coming months. Of the deals, Winfield's largest stake is in Juno Online Services (1.18 mln shares).

1) Stock Description Filing Date Lead Underwriter Offering Amount
Juno Online Services (JWEB) Internet access provider March 5 Salomon Smith Barney $86 million

2) WorldGate Communications (WGAT) cable-based Internet access provider February 9 Gerard Klauer Mattison $64 million

3) Mpath Interactive (MPTH) interactive game site February 16 BancBoston Robertson Stephens $46 million

Regards, F. Goelo + + +

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