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Technology Stocks : CBS MarketWatch (NASDAQ:MKTW) -- Ignore unavailable to you. Want to Upgrade?

To: Albert Martin who wrote (330)	1/15/1999 2:10:00 PM
From: The Osprey	Read Replies (1) \| Respond to of 571

Does WIT Capital have a web site and if so could someone post the link for me.TIA Osprey

To: Albert Martin who wrote (330)	1/15/1999 2:29:00 PM
From: Sethpop	Respond to of 571

DBCC owns .137 shares of MKTW for each of their shares. Assuming a $100 number for MKTW (for computational simplicity)...that equates to $13.70 of "embedded" retail market value of MKTW for each DBCC share. However due to the limited liquidity of that holding (both legal and practical...as they own more than the amount that is in the current float) any financial analyst, banker or auditor would discount that by about 40%...so the "worth" is closer to $8.22 at the $100 number. Looking back, one can see that DBCC itself (independent of its ownership of MKTW) was selling for around $5...so at $100 MKTW this would imply a possible valuation of around $13 for DBCC. With the three day weekend coming etc., I would expect DBCC to crash on Tuesday AM to well below $20 and head towards its "parity" value depending on the MKTW price.

To: Albert Martin who wrote (330)	1/15/1999 3:41:00 PM
From: George Gotch	Respond to of 571

because look at the structure of the deal...stock would have to be 250 for it to be worth that price..Plus you have to be able to sell your position which will take a longtime.

To: Albert Martin who wrote (330)	1/16/1999 6:34:00 PM
From: Gil Gilbertson	Read Replies (1) \| Respond to of 571

I think an arbitrage move might be going on, with the announcement on Friday that Telescan (tscn) has signed a contract with the much bigger CNBC ( owned by GE), they might be moving out of overpriced DBCC into TSCN which is selling at 15.5 instead of 29 and has a lot more going for and only a 4 million share float. It should be able to move up rapidly especially if there are any shorts to squeeze. It as a direct competitor to Marketwatch. TSCN also just signed a contracts with Money Mag., Playboy and the biggy for Citibank, and expects to break in the profit column this quarter.