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Technology Stocks : UCOMA UnitedGlobalCom -- Ignore unavailable to you. Want to Upgrade?

To: Mad2 who wrote (276)	2/13/1999 11:36:00 PM
From: NASDBULL	Read Replies (3) \| Respond to of 489

Lol, bloomberg article makes me laugh.....guess who was long....?? the guy who wrote the article......dummies don't know about "typical" sell off, do they? lol NASDBULL

To: Mad2 who wrote (276)	2/14/1999 12:34:00 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 489

But...valuation mismatches can prevail. Imperfect markets. MALL, which is far away from having a negative book value but has 80% of the UBID stake (thus allowing for a tax-free distribution if some other conditions are also met). MALL is worth $297M (at $29) and Malls residual value may be worth $5-$8. MALLs 80% stake in UBID alone (which means roughly 0.71 shares UBID for 1 Mall) share is worth $446M. Here, the "discount" is still almost 50% after 2 months of trading UBID. All an issue of supply and demand. C.