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Technology Stocks : Banyan (BNYN $8.75) as an internet play
BNYN 0.000001000-99.5%May 1 11:25 AM EST

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To: LTK007 who wrote (752)3/24/1999 11:44:00 AM
From: Michael Seymour  Read Replies (2) of 1006
 
The key is that the public would perceive Switchboard to be a valuable property RIGHT NOW because of the current internet frenzy. We really don't know if Switchboard will be a winner in the long run vs. INSP or even if you can make any money in the internet directory business. To capture the perceived value that Switchboard has now requires that this company be taken public before the internet frenzy subsides. They need to take it public because THEY CAN right now with potentially unbelievable returns. I work with the leveraged buyout industry. We are raising unprecented amounts of private equity because WE CAN. There are no deals to be done, they're too expensive, but we'll raise money anyway beacuse WE CAN. The BNYN Board would have to have their heads examined if they did not pounce on this opportunity.
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