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Technology Stocks : ZD Inc., Ziff-Davis (ZD) -- Ignore unavailable to you. Want to Upgrade?

To: Gutterball who wrote (764)	4/7/1999 7:09:00 AM
From: jeff greene	Read Replies (1) \| Respond to of 855

Dan, Maybe I'm to simplistic, but how on earth did ZD give up what they did not have? The very reason the IPO was launched was to realize the value of the internet business, thus banking $190 million to ZD, which previously was not available. Essentially, creating shareholder value out of thin air. I know the MS analyst, I am very confident in his opinion. Furthermore, you will have to make the same criticism of Goldman Sachs in a few weeks:)) Regards, Jeff

To: Gutterball who wrote (764)	4/7/1999 9:18:00 AM
From: Jeffry K. Smith	Read Replies (1) \| Respond to of 855

DAN - "After looking at the combined financial statements in that little white book, it is clear why ZD stock is falling. In a nut shell, ZD stock holders haven't gained 86% of ZDNet as they have been lead to believe, but rather lost 29% of ZDNet as described above. Recall, they held 100% of ZDNet before the IPO. It dumbfounds me MS would upgrade ZD, ML had it right!" Did you short this stock? Whoever is foolish enough to think that they "gained 86% of ZDNet" - has rocks for brains. BUT your track seems to gloss over the fact that for % given up ZD gained a lot of money. Jeff Smith