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Technology Stocks : Data Broadcasting Corp. (DBCC) -- Ignore unavailable to you. Want to Upgrade?

To: esecurities(tm) who wrote (4675)	2/19/1999 10:49:00 PM
From: william binder	Respond to of 5102

pardon my ignorance, but could someone explain what this previous post means. Thank you (p.s. I do not hold shares in dbcc but am trying to learn a little about this game--my shareholdings include cmgi, wind, savly, bill and other more conservative equities)---BB

To: esecurities(tm) who wrote (4675)	2/19/1999 11:16:00 PM
From: WTSherman	Read Replies (1) \| Respond to of 5102

<Based upon MKTWs close today DBCCs interest in MKTW, alone, is ~$ 8.28/share. Given DBCC closed at $14.31 today the market is pricing DBCC shares [sans MKTW] at ~ $6.03<* The math sounds correct, except for the fact that the market discounts these kind of holdings by 40-50%(there are lots of examples, but, the TSQD/DRIV example is the easiest to calculate from). Assuming the more conservative 40%(equal to $4.97/share) and the pre-MKTW value of DBCC($3), its easy to see that the realistic value of this mess is $8.