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

To: Ken Whiteside who wrote (893)	10/12/1999 11:22:00 PM
From: Glenn Petersen	Respond to of 954

The PCQT IPO has been repeatedly delayed and the pricing has been revised downward. It is my understanding that Prudential is having some difficulties selling the deal to institutions. If HYPR shows any signs of life prior to the IPO, it is probably a good short. It may even be a good short at the current price. An analysis of the back door play can be found at: Message 11526576

To: Ken Whiteside who wrote (893)	10/19/1999 8:44:00 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 954

MMWW should pop this morning. Its wholly-owned Xpedior (XPDR) subsidiary has filed an S-1 which discloses that MMWW will be distributing its remaining holdings to its shareholders sometime in the year 2000. MMWW has 34,239,398 shares outstanding as of June 30, 1999 and will own 41,285,295 shares of XPDR subsequent to the IPO. The IPO has been initially priced in a range of $13 to $15 per share. If you assume a modest pop to $20 per share, MMWW's holdings will have a value of approximately of $825.7 MM. Discount that by 40% for tax and liquidity considerations and you have a value of approximately $495.4 MM, or $14.47 per MMWW share. MMWW closed at 16 1/16 on Monday.