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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (51310)	2/3/2000 3:14:00 PM
From: Frederick Langford	Read Replies (2) \| Respond to of 122088

FYI USIT, reporting 2/10 has 14M shares coming out of lockup 2/5 PCLN has 15M shares out of lockup 2/7 and has already reported. Fred

To: RockyBalboa who wrote (51310)	2/3/2000 5:10:00 PM
From: Dako	Read Replies (3) \| Respond to of 122088

InfoStream, glad to see you've returned to your normal good senses. Here's the basic capital structure, using most recent information, eliminating AT&T's Preferred C and assuming the $51 million will be used to pay down debt. 78.8 million shares at 6 1/4........$492 million Convertible Preferred A..............$52 million Long-term debt & Senior notes.......$732 million Total market capitalization.......$1.276 billion Compare this to current annualized free cash flow before interest and preferred dividends of approximately $50 million. That's about 25 times cash flow. If you want to eliminate all of that debt to actually keep that cash, they'd have to issue so much stock you'd need a pair of tweezers to examine the cash flow per share. There ain't nothing out there that trades this expensively, and this one won't for long. Hope there are no widows and orphans in this little pup.