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Technology Stocks : VerticalNet, Inc. [VERT] -- Ignore unavailable to you. Want to Upgrade?

To: JOHN FIGLIOLINI who wrote (102)	2/16/1999 3:48:00 PM
From: Zed	Read Replies (1) \| Respond to of 1094

Holding up over $40 despite down market. I am hoping for some good PR soon.

To: JOHN FIGLIOLINI who wrote (102)	2/17/1999 12:13:00 PM
From: Ben Wa	Read Replies (1) \| Respond to of 1094

I think although VERT may have an interesting business long term, a near term problem is valuation, the IPO was priced at $16, it's now $39 ish. The original price range was actually lower for the IPO. So, it was internut frenzy that even led to the $16 offering price. A lot of this has to be executed flawlessly, because the market cap is about $640 million. A basic question - forget about earnings - take a look at the revenues of this company. All I'm saying is to be careful. There is a 120 day lock up of additional shares. I told people to be careful with Perot and people posted back at me saying I was not being truthful, but I ended up being correct. Perot stock went up a ton in the very short run due to excess speculation. Then it went down a lot. Could VERT have even a NORMAL pullback to $30? Of course, and it would still be up a ton from the IPO. If you guys want to buy up here, good luck but I hope you have your parachutes.