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

To: Traderhic who wrote (184)	1/27/1999 12:49:00 PM
From: songw	Read Replies (1) \| Respond to of 954

Prodigy owned by CGTVY CNET is reporting that ISP Prodigy IPO prodigy.com is expected to reach the market in early Feb. The White Plains, New York-based Internet service provider expects to sell 8 million shares in the United States for between $12 and $15 apiece, said people familiar with the situation. The company first said it would sell shares in a filing with the Securities and Exchange Commission in September. Bear Stearns is managing the sale. Prodigy hopes to target niche markets, such as Hispanic customers. "The funds will be used at Prodigy to basically continue expanding the number of services it offers and to try to enter new marketsas well," said Michel Morin, an analyst with Merrill Lynch in Mexico City according to the report. Its current subscriber base is 638k according to Hoovers ipocentral.com Any way for traders to get an early jump? Yes -according to CNET Prodigy"-is 65 percent owned by Carso Global Telecom. Mexico's telecommunications giant Telefonos de Mexico SA has a 21 percent stake and smaller investors own the rest." news.com Unknown to most Carso Global shares trade on the OTB Bulletin Board CGTVY at 6 1/2 -though finding any information requires some digging skills. "Telecommunications holding company Carso Global Telecom is part of the Carso Group, controlled by one of Latin America's richest richest people -- Carlos Slim Helu. Carso Global Telecom owns about 15% of Telefonos de Mexico, which provides local, long-distance, and cellular telephone transmission service to residential and commercial customers in Mexico. Carso Global also has a radio network and satellite television project. The company is a major shareholder of US-based Prodigy Services, a provider of online and Internet-related services. Carso Global Telecom was spun off from Grupo Carso in 1996 hoovers.com shows a 52 week range of 3 x 40 ir.stockmaster.com justquotes.com CGTVY trades on the bulletin board- no spread- executions appear to be by Pony Express-so this is only for the intrepid-that said it could move up when discovered- we noticed it spiked .50 on 20k yesterday.