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Technology Stocks : Xpedior Incorporated (XPDR) -- Ignore unavailable to you. Want to Upgrade?

To: Dave Kahn who wrote (5)	11/20/1999 12:18:00 PM
From: Mad2	Respond to of 132

Something Mad2

To: Dave Kahn who wrote (5)	11/20/1999 1:29:00 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 132

XPDR should have received its SEC comments on the initial S-1 last Wednesday. You might want to look at MMWW as a "back door" play on XPDR. MMWW had 34,272,594 shares outstanding as of September 30, 1999 and will own 40,005,048 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 pop to $30 per share, not unlikely in this market, MMWW's holdings will have a value of approximately $1,200.2 MM. Discount that by 30% (there is no discount for tax considerations as MMWW has signaled its intention to distribute its XPDR shares on a tax-free basis) and you have a value of approximately $840.1 MM, or $24.51 per MMWW share. Add $10 for the remainder of MMWW and you have a value of approximately $35. MMWW closed at 25 5/8 on Friday.