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Technology Stocks : CyberCash a buy? -- Ignore unavailable to you. Want to Upgrade?

To: KLH who wrote (2223)	11/10/1998 6:22:00 PM
From: john shoemaker	Respond to of 3990

The following is a response from CYCH to my email sent yesterday: Mr Calcagni, Today, analyst Ulric Weil from Friedman Billings Ramsey downgraded CYCH to a hold. His opinion doesn't bother me but the comment he made, "Their revenue is not coming together the way we and "they" had projected", sounds to me like this analyst was briefed as to current and expected revenues for Cybercash. The last I've read was a comment from Mr Melton about a month ago where he was "comfortable with 15 to 20 million in revenues this year". Has that projection changed? Is there some regulation as to why Cybercash can not let shareholders know how the business is going, unless your an analyst from a brokerage firm? I've been hearing about "Instabuy" for a couple of months now, but as of today there is nobody using this service that I know of. Your partner "Taxi" used to have a spot on their site where you could sign up for Instabuy, which it kept stating that it would be offered soon when you tried to sign up, and since a few weeks ago, the Instabuy feature is no longer on that site. Would love to hear the status of Instabuy and business overall. I'm sure if you were on this end of the wire you'd like some answers also. I'll bet it's times like these that makes you wish e-mail didn't exist, but at least they did incorporate a "delete" button!! ** All of the small investors want to approve an all expenses paid vacation for Maria Izurieta. We appreciate the late night calls she makes to all the pesty individual investor questions we've had lately. Thanx, John Shoemaker CyberCash has always been and will continue to be in constant contact with its analysts and investors. So, to answer your question, yes we have spoken to Ulric regarding our Company and our business models. The Company's outlook for the future has not changed and we are still optimistic about our future success. The SEC and the legal community do have some strict regulations which 'tie our hands' at providing detailed information with regards to business results and plans. We have the ability to provide descriptions of our business models and we leave it to the analysts to project our revenue growth and potential. CyberCash's InstaBuy service went live in October and we are busy working with First USA to sign up merchants. OnLineOfficeSupplies.com released today their announcement they are using our new InstaBuy service. As with any new product release, it does take time to disseminate the product, sign up users and install the product. We have been very pleased with the results we have had to date . I liked you idea of an all expense paid vacation but we our watching our pennies. Maria Izurieta Vice President of Finance CyberCash, Inc.