BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR Message Board

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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR

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To: Glenn Petersen who wrote (673)	5/11/1999 6:02:00 PM
From: American Spirit	Read Replies (2) of 954

From Mathmagix on YAHOO board: BKS looks cheap indeed Looking for comments on the following analysis: AMZN market cap ~ 24B. BNBN users ~ 1/4 AMZN users (and rising) So, assume BNBN initial market cap of ~6B. 6B/140M shares = $43/shr. From the other side, assume triple (big IPO's like thestreet.com are still tripling on open) the probable IPO price of ~$14 (I know its currently set at $12) $14x3 = $42/shr. So, let's call it $42. Post-IPO BKS ownership of BNBN = 41% = 57Mil shares. 57Mil x $42 ~ $2.4 Bil. The current market cap of BKS just happens to be about $2.4 Bil. Conclusion: The street is currently valuing BKS on its own at $0.00 / sh!

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