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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (32911)	3/22/2000 1:04:00 PM
From: LastShadow	Read Replies (2) \| Respond to of 43080

Limit order for IPRT filled at 13 12:14 ET PartsBase.com (PRTS) 13 1/16 +1/16: Shares of online provider of Internet B2B eCommerce services for the aviation industry trade up a fraction from IPO price. Issue opened at $13. lastshadow

To: Jeff Jordan who wrote (32911)	3/22/2000 1:06:00 PM
From: U Up U Down	Read Replies (1) \| Respond to of 43080

Looking @ Medscape. MSCP got hammered by a Barons article knocked down to ~5 bucks received an upgrade this morning to a strong buy. DJ HCFP/Brenner Ups Medscape To Strong Buy From Buy (END) DOW JONES NEWS 03-22-00 10:43 AM This is from RB board BEAR, STEARNS & CO. INC. EQUITY RESEARCH "The article suggested that MSCP will run out of cash in June 2000 based on analysis which assumed that Medscape would "continue booking revenues and expenses at the same rate they did in last year's fourth quarter." We note that the publisher of the article has "clarified a calculation" with regard to another health internet company mentioned in the article, which now is not slated to run out of cash as quickly as the original article had suggested. We similarly believe the conclusions related to MSCP in this article are erroneous. We believe that MSCP's income statement alone as an indicator of cash flow is misleading, as there is a significant amount of non-cash expenses that running through MSCP's P&L. As we have discussed in previous reports, Medscape's arrangement with CBS gives Medscape $150 million in promotion over 7 years, all of which are non-cash expenses but appear on the income statement, and are not identifiable as non-cash without the cash flow statement (which was apparently ignored in the "analysis" published on Saturday)." Outlines Barron's attack cbs.marketwatch.com