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

To: brk who wrote (814)	4/7/1999 9:59:00 PM
From: Stuart T	Read Replies (2) \| Respond to of 1006

I initially played this stock back in early January when the backdoors were hot. I sold out for 4 points. I got back in recently when it started lifting itself of the floor. It is hard to understand why this stock won't move. You have AOL and MSFT owning a piece of the company and a good old SB. This stock will have its day. With no news out you need to trade the stock, at least part of it. Sitting with it can be a killer (see NAVR). I sat on my holdings in NAVR for a while and then started trading some of it. Keep a core position and a trading position. This stock will have its day. Pick your exit target and be ready. Don't wait for the home run and miss all the base runs. Good trading to you

To: brk who wrote (814)	4/8/1999 9:33:00 AM
From: Michael Seymour	Read Replies (1) \| Respond to of 1006

Switchboard actually had a revenue decline from Q3 to Q4 from $1.9 million to $1.8 million. In general in an IPO, you never want to show revenue declines in your prospectus. Obviously, there is nothing "in general" about the internet, however, this may be a factor in the decision process. The loss of part of the AOL contract in Q4 (end of November)was significant (accounted for an estimated 20% of revenues at that time per 10-Q). The first quarter will be light those AOL revenues as well(approx $1.6 per year, $0.4 per quarter), so I believe that the Company may be hoping to recover that shortfall with new contracts. It may be the end of Q2 '99 before anything is announced. There is no time like the present, however, good press for Infospace, a stock split, soaring internet valuations. I just hope that the whole sector doesn't get caught in a big profit taking downdraft given the huge runups in AOL and YHOO lately. We will likely see the 12s or 10s again for this stock before any announcement. I would love to be wrong.