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

To: Mad2 who wrote (803)	4/6/1999 12:48:00 AM
From: James H. Irwin	Read Replies (1) \| Respond to of 1006

Mad, I recall reading a piece whereby Mr. Ferry stated (after the conference call and another set of companies went IPO) that he wanted to monetize the value of SwitchBoard, but unfortunately that went somewhat unnoticed...will try to dig it up. Either way, you could scrap the rest of BNYN and still get a valuation on SB that would easily be 35% of the INSP valuation and get a double/triple...don't have the exact INSP quote but with a little more than 20 million shares, not counting the pending secondary (or did it already come...not fully prepared to give you the numbers at 9:45 pm...but you can check that one out for yourself...you should anyway). So I am comfortable holding this one with what I believe better than a 5:1 risk/reward ratio, plus all the unhappy holders are out and new guys/gals are in. If you don't like this bus, go catch another one...there's an i-net company breaking out seemingly every 1/2 hour. bonne chance

To: Mad2 who wrote (803)	4/6/1999 9:23:00 AM
From: Michael Seymour	Read Replies (1) \| Respond to of 1006

There has been no announcement that they will spin off Switchboard, only indications in December that they are considering or evaluating their options. You will know when it is announced (big pop). Hopefully we can all get together and celebrate. BNYN on its own (ex-Switchboard) is not a very attractive stock. I think the more likely scenario is that one of the large ISPs will acquire us as a logical "product extension" - maybe AOL as they own a percentage of us. The premium had better be at least in the 30s or 40s. The timing would be right given AOL's incredible stock run up just in the first three months of 1999.