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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan? -- Ignore unavailable to you. Want to Upgrade?

To: Moneysmith who wrote (4639)	11/22/1998 11:05:00 PM
From: Scott Kessler	Read Replies (1) \| Respond to of 4903

Can someone explain how an AOL bid for $4 bln./$40 per NSCP share will turn into $45-$90??!?! Especially if the deal will be dilutive to AOL & pull down its shares. I know folks are excited about the prospect of an AOL buyout & a good combo -- but what will cause this pop -- the shorts selling? NSCP has had a pretty nice run for a co. that was a "has been" 2 mos. ago. I'm guess this will be a buy the rumor sell the fact kinda situation. Don't know if the shorts will cash in @ the open, as a result. Regardless, that Prince Al Waleed is cleaning up (& on Apple too). By the way, check out Wit Capital (witcapital.com), underwriter which has been involved in IPOs involving net stocks 24/7, Digital River & Earthweb. In early Dec., the co.'s offering shares of AboveNet, which outsources web-hosting functions & saves cos. bandwidth & $. Customers include Download.com, Electronic Arts & NSCP. Average Joes & Janes like ourselves can buy these IPO shares. Sounds pretty interesting.

To: Moneysmith who wrote (4639)	11/23/1998 1:26:00 AM
From: George Bielski	Read Replies (1) \| Respond to of 4903

There may even be concern over a rival bid so I am looking for a pre-opening announcement tomorrow and a trading halt but I really think we will see the next trade at about $60.I had written some $45 calls against part of my position.... too bad. I wouldn't worry too much, wait for the news buyers and short covering to do their thing and the stock will drop back. It's hard to say but it depends on the actual announcement to get the ratio. You still will be a net gainer on the deal so I wouldn't get out the box of kleenex yet. I doubt we will even see a high of $50/share.