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Technology Stocks : Hyperfeed Technologies, Inc. (HYPR) -- Ignore unavailable to you. Want to Upgrade?

To: RADAR ))) who wrote (1992)	6/14/1999 1:42:00 AM
From: pcyhuang	Read Replies (2) \| Respond to of 2231

Intereting postitive story Today's the Briefing com. carries the following story: 13:12 ET ****** PC Quote Inc (PQT) 9 7/8 +13/16: What a difference a couple of years and an equity market mania make. It wasn't that long ago that PC Quote was in such a critical stake that its accounting firm questioned its ability to continue as a "going-concern" and the American Stock Exchange was considering delisting the stock. Almost two years later, the company is still hemorrhaging cash (having lost $7.5 million in fiscal 1998), yet the stock has soared more than 600% from less than $1.50 per share. The primary difference between now and then is that the market no longer consider red ink a bad thing, as long as the losses are generated in connection with investment in the internet. Today, PQT shares being given another shot-in-the-arm from news PC Quote (which has recently changed its name to HyperFeed Technologies) will spin-off its Internet-based financial data as a publicly traded company, called PCQuote.com. In a document filed yesterday with the Securities & Exchange Commission, PCQuote.com said it plans to offer 7.75 million shares in an offering it expects to price between $12 and $14 per share. Upon the closing of the IPO, HyperFeed Technologies will beneficially own 49.9% of PCQuote.com's outstanding common stock. Under the current structure of the deal, HyperFeed Technologies will immediately take about $25 million off the table, as the company is planning to sell almost 2 mln shares in connection with the offering. Given poor liquidity of recent Internet stocks following the IPO, this is a smart move, if the market allows you to get away with it. But the most intriguing part about this deal is that the spin-off, PCQuote.com, will have a market-cap that is almost 50% greater than the parent company, HyperFeed Technologies. Moreover, should the PCQuote.com IPO price at $13, the middle of the proposed range, HyperFeed Technologies' 9.8 mln share stake would carry a value of $127.4 mln or $8.60 per PQT share (excluding tax considerations. Which means, investors currently valuing PQT, as a stand-alone company, at approximately $1.28 a share. pcyhuang pronet.net.tw