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Technology Stocks : Point West Capital (PWCC) -- Ignore unavailable to you. Want to Upgrade?

To: Billsig who wrote (50)	2/12/1999 1:39:00 PM
From: Bo Le	Read Replies (1) \| Respond to of 345

Billsig, if wall street give Flashnet subscribers similar valuation as PRGY or mindspring sub, then based on Flashnet has 175000 sub, it worth $610 - $800 million. Do you agree? Even PWCC sell 10% what they own Flashnet to public at IPO for zero, their holding on Flashnet will be reduced to 9% but they still has $540 - $720 million worth Flashnet as long as wall street value Flashnet sub at around $4000 each. An internet sub worth $4000? Sounds very crazy to me. For record, I long a few PWCC shares but feel I am quite crazy doing this. BL