Banyan (BNYN $8.75) as an internet play Message Board

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Technology Stocks : Banyan (BNYN $8.75) as an internet play

BNYN 0.000190

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Nov 21 9:30 AM EST

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To: Patric who wrote (733)	3/17/1999 8:41:00 PM
From: Steven White	Read Replies (1) of 1006

I invested after reading Briefing.com piece last week and did a little research and thought the 'spinoff' of Switchboard made great sense. So I buy 5000 shares at 10. Next I read their Chairman, 'Ferry' sells 150,000 shares or 75% of his holdings last month at around 10. I thought this may be a problem and considered selling. Glad I didn't. Here's my take: Ferry is probably on his way out, he must be a drag on the company. By him moving out of his position investors and the rest of Banyan are rejuvinated and good things (and decisions) start to develop. This same thing happened to the company I am president of. I am sure there is news, and it must be good. The IPO makes the most sense, if not a major investment by someone. Tomorrow should tell.

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