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Technology Stocks : ITURF Inc. ( NASDAQ:TURF ) -- Ignore unavailable to you. Want to Upgrade?

To: Lance who wrote (116)	4/10/1999 2:22:00 AM
From: drakes353	Read Replies (2) \| Respond to of 614

Lance: It may well be that the "hype & glamour" are already reflected in TURF's stock price. Take a look at the following comparisons.... VUSA sports a market cap of $1.9 billion with sales of $41 million for a PSR of 45. IVIL sports a market cap of $2.3 billion with sales of $15 million for a PSR of 153. TURF sports a market cap of $1.0 billion (18.73 million shares [4.2 IPO + .630 over-alloment + 12.5 class "B" + 1.419 in the money exec options] X $57.4375) with sales of $4 million for a PSR of 250. A PSR of 153, ala IVIL, yields a TURF price of $32.67 A PSR of 45, ala VUSA, yields a TURF price of $9.61 In the post IPO lull that will set in over the next two weeks I expect TURF to trade down towards IVIL's valuation. Good luck with that 20 point gap stuff, VUSA managed a 4 point "morning after" gap and then closed down 10 points. drakes353

To: Lance who wrote (116)	4/10/1999 12:04:00 PM
From: drakes353	Respond to of 614

Lance: You might also want to take a look at how two other BTAB Internet IPOs, ONEM and ABTL, faired on their second day of trading. Doesn't look like they offer these things much support when they start heading lower. drakes353