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Non-Tech : GENI: GenesisIntermedia.com Inc -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Podsiadlik who wrote (161)6/29/2001 7:02:28 PM
From: stock leader  Respond to of 574
 
Here's what GENI does. GENI offers VCNT a buyout offer for say $100 mill or about $4 per share. GENI offers $50 mill in cash and the balance ($50 mill) in GENI stock. GENI picks up $40 mill in free cash in the exchange. however,I think the most likely target for GENI might be LFMN (Lifeminders.com) . LFMN has already put itself up for sale and has $50 mill in cash on hand.



To: Kevin Podsiadlik who wrote (161)6/29/2001 7:06:17 PM
From: stock leader  Read Replies (3) | Respond to of 574
 
GENI is like a "reverse CMGI"...
CMGI bought out dotcoms at HIGH premiums to asset value. however GENI, I believe, is going to buyout dotcoms at LOW premiums to asset value. very smart. no surprise to me that GENI got $100 mill credit line


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