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Technology Stocks : Crossroads - CRDS -- Ignore unavailable to you. Want to Upgrade?

To: IAP who wrote (32)	10/20/1999 8:41:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 164

it rose today because the IPO was unexpectedly strong aftermarket. But keep in mind the IPO backdoor effect. And, ADIC has roughly 20.2M shares out, so the 2.6M are roughly worth $10.2 (78,5 * 2.6 / 20.2) without discount. Apply a discount between 30% and 50% and the CRDS investment adds about $5 to $7 to ADICs book. Usually backdoors tend to sell off as soon as the affiliate IPOed. DBCC/MKTW, DLIA/TURF, KLOC/SRCH, MALL/UBID WCAP/COOL, CCEE/SWRX ICIX/DIGX are good examples.