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Technology Stocks : USAI, 61% stake in Ticketmaster Online-CitySearch IPO -- Ignore unavailable to you. Want to Upgrade?

To: Shtirlitz who wrote (144)	12/1/1998 10:01:00 AM
From: Oliver Pepper	Read Replies (1) \| Respond to of 391

Schwab has an announcement that orders for Ticketmaster cannot be placed over the internet due to high expected volume. Also if you ask for a quote, they give 0bid 0 ask but they will not give anything for UBID. Maybe the baby is on the way.

To: Shtirlitz who wrote (144)	12/1/1998 10:27:00 AM
From: neverenough	Respond to of 391

Will Ticketmaster Online-CitySearch Be Next Internet Gem? - Report Newstraders - November 18, 1998 16:00 (NewsTraders.com)-- Ticketmaster Online-CitySearch Inc. will likely receive a very warm welcome from Wall Street when the company goes public on or around Dec. 7, according to a report* by Individual Investor analyst Adam Lowensteiner. Highlights: - The company is the product of an August merger between Ticketmaster's online division and CitySearch. The new company is well on its way to being the leading provider of local city guides, local advertising, and live event ticketing on the Internet. - Both Ticketmaster Online and City Search have experienced triple-digit growth in sales, and should continue that pace together. - Company is looking to price about 7 million shares between $8 and $10 per share through NationsBanc Montgomery. Following the offering there will be 70 million shares outstanding. - Underwriters are valuing the Internet company at $630 million, or about 20 times sales, assuming an average offering price of $9 a share. In comparison, eBay (EBAY) trades at 88 times sales, and Yahoo (YHOO) trades at 102 times sales. - Lowensteiner says look for Ticketmaster Online-CitySearch to open up no lower than $30 per share. - Company's CEO and CFO have Harvard MBAs, and entertainment mogul Barry Diller is a controlling shareholder as his USA Networks will still hold a 61.1% stake in the outfit. - One concern is that the company will have about $315 million in goodwill (as a result of the merger) on a pro forma basis on its books, representing 82% of the company's total assets. But its solid ticket business cash cow along with investors' euphoria with Internet stocks should keep Wall Street interested. * free signup required Copyright 1998 NewsTraders Inc. All Rights Reserved Wednesday, November 18, 1998 Headlines Previous Story Next Story -------------------------------------------------------------------------------- usai ebay yhoo V%NEWSTRADERS P%NT