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To: Robert Blake who wrote (62633)	3/17/1999 8:13:00 PM
From: Logistics	Read Replies (2) \| Respond to of 119973

WEBT . I have been in for a few days in anticipation of today's analyst coverage. Usually takes a couple of days to sink in and move the stock such as it did with EPAY. Target price is $65.00 EPAY's was only 45.00 and has the same size float as EPAY - 3.5M Therefore, WEBT could go much higher than EPAY. JL

To: Robert Blake who wrote (62633)	3/17/1999 8:25:00 PM
From: GBT	Respond to of 119973

ALMI looks to be worth a 50-100 percent return in a 30 to 60 day period. ALMI to sell AlphConnect for 60-90 million conservatively. "ALPHA MICROSYSTEMS hired a second investment banker to help maximize the value of the company's "AlphaConnect" technology. Salomon Smith Barney, which came onboard in January, will continue to look for an outright buyer. The new (unidentified) firm will focus on creating a spinoff, probably majority-owned by ALPHA. The remainder of the spinoff's funding, if that alternative is pursued, is likely to be provided by a private equity placement. The addition of a second banker should give Salomon Smith Barney greater leverage in its pursuit of an outright sale. Inadequate offers reasonably can be refused now, in light of the tangible alternative provided by the spinoff option. The extra negotiating leverage should enable ALPHA to extract the highest possible price for "AlphaConnect" in a direct sale. That approach still offers the greatest long-term return to shareholders. A spinoff would involve a far longer payback cycle. Risk also would be a substantial factor. We continue to value a direct selloff of "AlphaConnect" in the $6.00-$9.00 a share range. We also estimate the company's remaining service business to currently be worth about $3.00 a share. Spirited bidding for the technology could lead to a higher price. A final resolution should be reached within the next two months."