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To: Louis Riley who wrote (191)	2/15/1999 8:41:00 PM
From: Louis Riley	Respond to of 912

This was so garbled I thought I would correct it : ...The Company's' preliminary unaudited income per ordinary share was S$0.93 (US$0.55) for the nine months ended September 30, 1998 as compared with a preliminary unaudited loss per ordinary share of S$0.41 for the corresponding period in 1997....

To: Louis Riley who wrote (191)	2/15/1999 8:43:00 PM
From: Louis Riley	Respond to of 912

The financial tables are quite impressive, but unfortunately I cannot get them to line up correctly, even with Fixed Font. I will try to edit them one night if I have time.

To: Louis Riley who wrote (191)	2/15/1999 9:49:00 PM
From: Herc	Respond to of 912

Doing the arithmetic (including currency conversions) on your most recent figures and projecting 9 mos. of earnings out to 12 and fudging upwards a little (to allow for growth), serendipitously, I still come out with 1998 revenues of $3.50/share. So again using the Lycos/USA Networks multiple or revenues of 77= $269.50. In rechecking the Lycos #', I discovered that Lycos's growth rate was comparable to pcntf and revenues were roughly similar. But, Lycos was still losing money, and pcntf ain't. I shouldn't be doing the arithmetic for you all. I should be out at a Mardi Gras parade. But this is more fun!