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Technology Stocks : Zapata (ZAP) -- Ignore unavailable to you. Want to Upgrade?

To: MARIO PASQUA who wrote (373)	7/22/1998 12:50:00 PM
From: Ken M	Read Replies (2) \| Respond to of 1206

>>Of course, the Internet acquisitions won't be done free; Glazer says they will be for a combination of cash and shares in ZAP. But he also says they won't meaningfully reduce the company's cash position. Moreover, Glazer says all but two or three of the Web sites being acquired are profitable, and he contends the deals will be immediately accretive.<< IMO The plan was to run up the value of there stock with hype and use its inflated value to buy the internet sites only problem it is not working and as soon as the few institutional investors they got involved lose a little more money they will dump there positions, as far as the article we are citing the author was sold a bill of goods and that is very evident to him now.