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To: xyz who wrote (27893)11/7/1999 4:32:00 PM
From: VIPER85730  Respond to of 40688
 
XYZ,

>A quote from the UPS IPO article:

"The company intends to use the proceeds of the IPO to repurchase shares from existing shareholders. The company said it wanted to have the stock to use it as a currency for future acquisitions, even though it had the cash reserves and credit line necessary to buy virtually any company in the world.
"From UPS' standpoint, it would be good collateral to use to buy technology companies," Naik said. "The valuation for technology companies are very high. Why would you pay cash for that, why not pay with another inflated stock?"

Interesting??????? or not<

Certainly it's interesting. The whole situation presents endless possibilities. But I agree with prior posters in the view that if UPS wanted to increase its global shipping,
taking a stake in PNLK, NOT a buyout, would be the way to go
to speed things along. An extra $10 Million could do WONDERS here. (Look what PNL has done already with only $5 Million)! UPS would never even miss the money. That would be like me buying a gum ball. But what it could do in terms of getting PNLK noticed by a huge group of individual investors in addition to fund managers, as well as speeding up the move to the Nasdaq, would be incredible! One can only hope! It will be interesting to see what path UPS takes.

Take Care,

VIPER-------<



To: xyz who wrote (27893)11/7/1999 10:21:00 PM
From: Warren A. Wilbur, Jr.  Read Replies (1) | Respond to of 40688
 
Very interesting ! Very likely ! eom