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Technology Stocks : Banyan (BNYN $8.75) as an internet play -- Ignore unavailable to you. Want to Upgrade?


To: ChrisZ who wrote (745)3/22/1999 7:24:00 PM
From: Rock_nj  Read Replies (1) | Respond to of 1006
 
What is the status of BNYN's IPO of Switchboard.com?

position-trader.com



To: ChrisZ who wrote (745)3/23/1999 8:15:00 AM
From: Michael Seymour  Respond to of 1006
 
Not a bad methodology

The $250/UV ratio you derived is also consistent with the the $265/UV valuation put on Infospace, our dreaded competitor. Unfortunately for us, INSP is first to the public market, it's based in Redmond, Washington, and all in all, it is a lot sexier than a spin off from a tired software company. All that aside, however, the big internet market caps seem to be treading water and people are hungry for new issues. A few favorable comments or articles, and some publicity for the name Switchboard (which is a far superior name than Infospace for the service that it provides) and we could be off to the races. I just don't see much downside for BNYN in an internet frenzy that will continue for the foreseeable future. Let's take a ride.



To: ChrisZ who wrote (745)3/23/1999 10:43:00 AM
From: James H. Irwin  Read Replies (1) | Respond to of 1006
 
Very interesting, insightful and I hope you are reasonably close to the investment bankers' calculations!