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

To: sonicburger who wrote (2091)	8/29/1999 10:55:00 PM
From: AJ Berger	Read Replies (2) \| Respond to of 2231

from CNNFN Today In the largest debut of the coming week, PCQuote.com, "PCQT," plans to offer 7.75 million shares in the $12 to $14 price range. The Chicago-based financial Web site, which provides content to CNNfn.com, is a distributor of stock quotes, financial news and information. Financial news Web sites are known to have had stellar debuts. Both the TheStreet.com (TSCM) and CBS.MarketWatch.com (MKTW), which compete with CNNfn.com for financial readers, soared on their first day of trade. But the longer term outlook has proven less favorable. As of the close Friday, TheStreet.com shares were off 69 percent from its early peak while MarketWatch stock had fallen 51 percent. And like those Web sites, Chicago-based PCQoute.com is not yet profitable. The company lost $2.2 million in 1998 on sales of $9.9 million. Prudential Securities is the lead underwriter on the offering, which is expected to raise $100 million. ------------------------ What a P&D this will be. Nobody even knows that PCQuote has a financial news/web site. Comparing them to Marketwatch and TheStreet.com is unfair. Retail investors will have their fun, but I doubt anyone on Wall Street will care. ------------------------ Insane Tulip Mentality: If somebody told you a company that was making money, suddenly started a fast growing money losing division, and spun that division off in an IPO so that the main company would not keep showing losses, and insiders could cash in, then would YOU buy that IPO? Sure you would, because we are all insane about buying the Internet Garbage these companies keep spinning off! This madness may not end with PQT, but it WILL end soon, and painfully for most.