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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR -- Ignore unavailable to you. Want to Upgrade?

To: Jorney who wrote (764)	6/14/1999 12:07:00 AM
From: J.S.	Respond to of 954

KLOC IPO: This is expected the week of June 21. Assuming the KLOC business aside from search is worth $2-3 then a $9 share price for US Search would value KLOC at around $12 (its current price). The range is stated to be $9-11 and it may increase up to IPO time. Of course they are likely to go up significantly when they hit the open market. Every $1 above $9 roughly translates into $.40 to $.60 allowing for a discount due to tax considerations and lack of liquidity. I am not sure how KLOC stands with regards to tax implications. Anyone know this? KlOC certainly looks attractive at these prices. ---Joe