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Non-Tech : CompUSA (CPU) -- Ignore unavailable to you. Want to Upgrade?

To: Michael who wrote (1759)	3/19/1999 12:28:00 PM
From: blankmind	Read Replies (1) \| Respond to of 3187

the filing and announcement will be together. then there is more time before the actual ipo. we have 2 months from the filing to the ipo. you clearly need to do some dd, not only on the cpu spinoff, but time frames for the steps.

To: Michael who wrote (1759)	3/19/1999 12:38:00 PM
From: TH	Read Replies (1) \| Respond to of 3187

Michael, I agree that the IPO will probably not be in April. What the street is waiting for are the details regarding the IPO. If the deal is good for the shareholders, we should see a nice run on CPU. I expect at least a couple of points. CPU must (MUST) give a percentage of the value of CPU direct to the shareholders. A public company cannot just sell an asset without providing a return to the shareholders. An IPO based on a dotcom will give a lot of value for the buck to the shareholders. I prefer a direct transfer of shares to the shareholders. We would then own the actual stock that has the magic dotcom and I would expect that we would see a pretty good run with it. THIS IS JUST A GUESS For example. Lets say that for every share of CPU you own you get 1/5 of a share of CPU Direct. Now your CPU stock will reduced by 20% in its value and you will get shares of CPU Direct that are worth exactly that same 20%. The good part is that there is no reason that CPU direct will not run to the level of EGGS in a few weeks. Why not? CPU Direct is a bigger player than EGGS and if managed properly by the new guy, could become the new internet darling. CPU will retain a large percentage of the new shares also as not all the shares are in the float. This will add some value to the CPU shares. Someone please correct me if I am mistaken regarding this last point. The IPO method would have CPU retaining a large percentage of the new company as a holding. The current shareholders of CPU would benefit by having an valuable dotcom asset on the books. I of course prefer the first method, and so should the insiders who have large holdings. Lets hope that their greed drives them to first potential I described. Good Luck Thurston