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To: Victor Lazlo who wrote (2403)	8/13/2000 3:23:18 AM
From: Xenogenetic	Respond to of 2743

New to PCLN...just beginning to research this company. The Liberty Media/VV investment peaked my interest in PCLN. I echo Glenn's sentiments regarding Allen's luck possibly turning for the better. True, Allen pokes holes in many investment areas only to show massive losses for his efforts as of late. But, when he finds a winner, he really finds a winner. His decision to co-found Microsoft...an investment with regards to his career and livelyhood was a hit of storybook proportions. To recognize the potential of AOL in the early stages...once again, he invested big in another gorilla. Very few people on this earth can claim to be major early investors in two gorillas in their lifetime. There is something to be said for for his gorilla hunting prowlness. After MSFT and AOL, I think that Allen's ego ran amuck and clouded his investment decisions. Looks to me that he thought that he could invest in second rate companies and bring them to stardom solely based on his fame and fortune...that he sincerely believed he was "entitled" to have things work out. Unfortunately, as the link to the recent performance of his investments so clearly conveyed, they did not work out as planned (not yet, at least). The reputation of his fellow co-investor, LMGA's John Malone, is another story. Malone is arguably the beat dealmaker to ever live. The man has incredible vision with regards to the future of technology. Malone turned his $10,000. (yes, that's ten thousand) investment in 1973 in TCI cable into an investment that valued at almost 60 billion when sold to AT&T recently. To boot, Malone finaguled complete autonomy for LMGA in addition to billions of dollars of cash from T when he sold TCI. Now, LMGA is valued at almost 60 billion itself (not bad for a company with only 39 employees) and is shaping up to become a competitor to T in some areas. Malone know's a good deal when he sees one. Perhaps Allen was following Malone's lead when he went in on the PCLN deal with John. I wouldn't doubt it. What I like in PCLN, at first look, is the fact that it has excellent brand name recognition (was rated as the 4th most recognized internet brand, I believe), low overhead, and is set to tap the potential profits of a wireless, multi-device, internet enabled, world. I look forward to continue reading the insightful posts of the PCLN threadmembers here. -Xeno

To: Victor Lazlo who wrote (2403)	8/14/2000 11:09:56 AM
From: Jan Crawley	Read Replies (1) \| Respond to of 2743

is there anyone, other than insiders, still holding PCLN stock who is not in the red? An interesting question. Supposedely, almost 100% of Pcln's current float(53M shares) is held by the institutions. Logically the retail ownership is approx. 12M shares cuz the short interest is 12M. Agree? <gg> Just bought 500 Pcln at $23 1/8 and I think that it's a low risk good play. p.s. - From insidertrader.com we can tell that both Janus and Fedility "had" accumulated "large" positions in Pcln between 1/00 to 3/31/00...so they were the buyers of some of the shares Delta was selling...at around $50 per share. I think that they are still holding most of their shares and I don't want to "inder-estimate" the elephants. <g>