Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (4235)	2/24/2000 5:39:00 PM
From: Rob Davis	Read Replies (1) \| Respond to of 5053

I believe Keith has already calculated that iTech will own approximately 0.7% of Medsite. So $5 or $50 millions will depend on what the market values Medsite at. If the market values Medsite at $714 million, then we should end up with $5 million. If the market values Medsite at $7 billion, we will end up with $50 million. My personal guess is somewhere in between, perhaps very close to the midpoint. However it will depend on many things, one of them being the general market sentiment at the time of the IPO. Cheers, Rob PS. Healtheon is currently worth $9.2 billion according to yahoo. I'm hoping that Medsite is a worthy competitor. EDIT:Also keep in mind that the payout is great, but the beauty of the situation is how it illustrates the quality of deals that are available to iTech through their partnerships.