Premiere Technologies (PTEK) Message Board

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Technology Stocks : Premiere Technologies (PTEK)

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To: blankmind who wrote (721)	5/22/1999 3:12:00 PM
From: M. Carver	Read Replies (2) of 1270

Blankmind, Thanks for your posts. I am also very excited about the potential valuations for PTEK. In fact, please confirm or shoot holes in the following for me: In addition to the $500M payday from their WedMD investment, their investment with USA.net is due in about 2 weeks (I understand the USA.net IPO is scheduled for the first week of June). Is my math right? 8,500,000 shares at (on the conservative side) at $15 a share = $127,500,000 x 11.2% (PTEK's holdings) = $14.28M (if this hot IPO sits at the $15 entry price. What if the IPO goes to 30, 40, etc. Do we simply take 11.2% of the USA.net market cap to calculate PTEK's windfall? Comments please. They (PTEK) have certainly made some solid investments!

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