To: Smiley who wrote (3033 ) 1/12/1999 6:05:00 PM From: WTSherman Read Replies (2) | Respond to
<Isn't everyone saying one thing in public and on these > Joe, I think you're probably correct, that is what's going on. But, I don't think anything else would be logical. Anyone in this with a substantial profit would be crazy not to take a major portion of that profit off the table before the IPO. Once the IPO is valued on the street it will be pretty easy to figure out what DBCC is worth. The probability is that it isn't $35 or $50. The problem with all the calculations you see on this board is that they are based on the notion that a stock like YHOO or AOL is a standard against which anythign else can be judged. This is flawed logic to say the least. The barriers to entry for someone to get into the same business that YHOO is in are pretty low when you compare it to a market cap of $40B. If the business potential is really that great then lots of big bucks will show up to compete for it and YHOO, Marketwatch, etc., will find that they don't have anything like leverage that people would assume.
