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

To: steve host who wrote (245)	2/7/1999 12:19:00 AM
From: Frost Byte	Read Replies (1) \| Respond to of 954

Pacific Internet - PCNTF....IPO was on Friday. Opened as high as $88, but as the NASDAQ tanked, the shares closed the day at $48, 45% off the high of the day. If you look at recent IPOs, typically the shares continue to surge the second day of trading. Also, if you analyze IPOs that go public on huge NASDAQ down days, these offerings continue to rise sharply as the NASDAQ recovers. From Barrons: The company is an ISP, or Internet service provider, in Singapore, Hong Kong and the Philippines. It recently signed a deal to expand into India, and it plans to move into Australia, China, Indonesia, South Korea and Taiwan. Adopting the model of its U.S. counterparts, Pacific Internet seeks to become an Internet portal and introduce valued-added services, including E-commerce. Analysts forecast the number of Internet users in the Asia-Pacific region will grow to 34.2 million in 2002, from 6.6 million in 1997, a compound annual growth rate of 39%. The number of Web surfers in the U.S. meanwhile is expected to increase to 135.9 million in the same period, from 38.7 million, a compound annual growth rate of 28.6%. As the U.S. market matures, domestic companies may look overseas to sustain growth, and Pacific Internet could be a takeover candidate. "Providing the ability to get on the Internet is a growing business that won't go out of business," Taulli says. "Pacific Internet could be a savvy investment." From the Wall St. Journal: Shars of Pacific Internet Ltd., an Internet service provider based in Singapore, surges on their first day of trading Friday amd investors' hopes that the Asia Pacific region could see a boom in online users. From IPO Central: WIth the Singapore market already under its belt, the company is raising capital for aggressive growth of its Internet services (which include e-mail, paging, Web hosting, and Internet consulting) and vast regional expansion to other Asia/Pacific areas. Looks very, very promising to me, and the valuation is quite attractive.