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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (3479)	6/24/2000 12:01:00 PM
From: Frederick Langford	Respond to of 24256

LBRT Reports 6/29 Friday June 23, 6:00 am Eastern Time Company Press Release SOURCE: Liberate Technologies Liberate Completes Acquisition of MoreCom, Inc. Expands Liberate TV Platform Software SAN CARLOS, Calif., June 23 /PRNewswire/ -- Liberate Technologies (Nasdaq: LBRT - news), the leading provider of software for delivering enhanced Internet content, services and applications to information appliances, such as television set-top boxes and game consoles, today announced completion of the acquisition of MoreCom, Inc., a leading provider of standards based interactive television infrastructure based in Horsham, PA. Initially announced on March 27, 2000, the acquisition extends Liberate's technology leadership in the satellite and digital terrestrial marketplace by adopting MoreCom's significant digital television, DVB, MHP and MPEG expertise and technologies. MoreCom offers cable, satellite and digital terrestrial operators a complete end-to-end software solution that merges digital video and Internet content for television applications, using existing broadband networks and digital set-top boxes. The acquisition also brings an influential network operator, d-box network(TM) operator Beta Research (a KirchGruppe company), to Liberate's expanding European and international customer base. About Liberate Technologies Liberate Technologies is a leading provider of a complete software platform for delivering Internet-enhanced content and applications to information appliances, such as television set-top boxes and game consoles. Liberate's Internet-based client and server software allows network operators, such as telecommunications companies, cable and satellite television operators and Internet service providers to provide consumers access to network operator-branded applications and services. Headquartered in San Carlos, California, the Company has sales offices in the U.S., Canada, the U.K. and Japan. Information on Liberate Technologies' products and services is available at liberate.com or by calling 650-701-4600. ``Safe Harbor'' Statement under the Private Securities Litigation Reform Act 1995 Information in this release that involves Liberate Technologies' expectations, beliefs, hopes, plans, intentions or strategies regarding the future are forward-looking statements that involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Liberate Technologies as of the date of the release, and Liberate assumes no obligation to update any such forward-looking statement. These statements are not guarantees of future performance, and actual results could differ materially from our current expectations. Factors that could cause or contribute to such differences or risks associated with our business are discussed in the Company's registration statement on Form S-1 declared effective by the Securities and Exchange Commission (``SEC'') on February 17, 2000, and in the other reports filed from time to time with the SEC. SOURCE: Liberate Technologies

To: westpacific who wrote (3479)	6/24/2000 7:23:00 PM
From: Louis Riley	Read Replies (1) \| Respond to of 24256

Why ACCL will easily top $100 quickly: ACCL is going to surpass SONS as the hottest deal of 2000. Revenues are bigger, as is the addressable market, and the company is growing faster. SONS has a $9.357B market cap as of Friday's close, and is the #1 performing IPO of 2000 with a 573% return over its $23 IPO price. A similar market cap for ACCL will yield a share price of approximately $188. Such a move would equal a 1153% return on the issue price of $15. Class of 1999 IPOs that have enjoyed similar (or better) moves are BRCD, RBAK, JNPR, GSPN, TIBX, DITC, ARBA, VIGN, ARTG, NVDA, VITR, AND CMRC. We got lucky on this one in that the shares were underpriced at $15. CS First Boston could have easily done the deal 10 points higher, which would have made the upcoming move to triple digits seem like a less dramatic percentage gain. CS First Boston (ACCL's lead underwriter) is the #2 underwriter of hot deals so far in 2000. They have done 5 of the hottest 20 deals this year vs. #1 Goldman's 7 deals. Other CSFB deals in the top twenty of performance this year are NUFO (the second hottest deal of 2000 with a 388% return), CTLM, ORCH, and NMTC. ACCL is presently the 12th best performing deal of 2000, but I see it racing to the top of the list as soon as next week. Enjoy the ride.