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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR -- Ignore unavailable to you. Want to Upgrade?

To: Spirochete who wrote (108)	1/19/1999 11:29:00 PM
From: .com	Read Replies (1) \| Respond to of 954

Perhaps someone wants to place a fresh set of eyes on PWCC--one which looked like it had potential, but after further analysis I determined that the risk/reward may not be worthwhile. But, I very well could have missed something and would be very open to explore new approaches if anyone has some idea. Here are the facts. Maybe someone else can find something I am missing. PWCC has a stake is FlashNet (FLAS), a fairly large ISP IPO coming in February. PWCC will have 330,000 shares of FLAS. Thus, if FLAS is at $30 then it is worth $10 million to PWCC or the equivalent of $3 per share. This, of course, is on top of PWCC's intrinsic value which I cannot gauge. They were a $2 - $4 stock for a while, but that was before they just announced their brokerage dealership. (described below) PWCC has two affiliates, Allegiance Capital, LLC and Fourteen Hill Capital, L.P. Allegiance Capital provides financing to the nation's funeral home and cemetery owners. (what could be better!) Fourteen Hill Capital provides financing to growing small businesses and is licensed as a small business nvestment company by the Small Business Administration. Some of the companies they have stakes in: FlashNet Communications is a rapidly growing Internet Service Provider headquartered in Ft. Worth, Texas. FlashNet is one of the largest privately held ISPs in the country, providing Internet access to over 175,000 individual and business customers throughout the United States. FlashNet was recently ranked third in the nation for customer service quality by an independent research group. (OTC Bulletin Board: HMSK). Homeseekers.com develops software applications for the real estate and mortgage banking industry. The company has developed and positioned several software products designed specifically for the residential real estate market; HomeSeekers(SM), HomeSeekers CityNet, H.S. Passport and Realty 2000®. Homeseekers.com is dedicated to providing the premium Internet real estate experience for the consumer/homebuyer. Vaultline is a data communications carrier based in Santa Clara, California. It provides Internet access, Intranet circuits and collocation facilities to Internet Service Providers and corporate users requiring bandwith capacities of DS1 or greater. Vaultline provides high quality connectivity with direct connections to multiple Internet backbones providing maximum throughput and reliability. Vaultline has developed a local infrastructure which include an OC48 Sonet Ring (2.4 Mbps) from which to deliver circuits. It's Data Center and Collocation services operate from a carrier class facility with redundant data and power, delivering absolute reliability. WorldPort (NASDAQ: WRDP). The company is a global facilities-based telecommunications service provider offering a full range of voice and value-added services to carriers and corporate customers worldwide. The company is developing a state-of-the-art global network through internal business development, strategic acquisitions of telecommunication service companies and internal strategic alliances. The company is focusing on expanding its network infrastructure in targeted geographic regions in order to gain early market entry and achieve rapid growth. SAN FRANCISCO-(January 11, 1999) Point West Capital Corporation (Nasdaq Symbol: PWCC) today announced that it recently formed Point West Securities, LLC, a broker-dealer licensed by the National Association of Securities Dealers, Inc. and registered with the Securities and Exchange Commission. Point West Securities is licensed as a broker dealer in California, Colorado, Connecticut, Delaware, Illinois, Maryland, Minnesota, New Jersey, Oregon and Pennsylvania and has applied to be licensed as a broker dealer in approximately 13 other states. Point West Securities will offer investment banking services targeting e-commerce, telecommunications, internet and other technology growth companies as well as provide equity research and brokerage services to institutional investors. The Company reported that Point West Securities hired as a Managing Director Michael Gallo (42), formerly a managing director with Morgan Fuller Capital Group. Mr. Gallo has 18 years of experience in the securities industry with firms including Bear Stearns, Genesis Merchant Group, J.P. Morgan and Merrill Lynch.