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Non-Tech : London Pacific Group - LPGL doubles... -- Ignore unavailable to you. Want to Upgrade?

To: Patherzen who wrote (86)	4/14/1999 2:51:00 PM
From: TradeOfTheDay	Read Replies (2) \| Respond to of 737

More info on Berkely International Capital: (my apologies if this has been posted previously ) berkeleyvc.com Berkeley International Capital Corporation (BICC) is a later-stage venture capital firm located in San Francisco, California. We have 15 investment professionals with industry experience in a variety of high technology companies. Distinguishing Features - Nearly 20 years of experience in the private capital markets - Over $1.5 billion invested in later stage private companies - Transaction close possible within two weeks of investment commitment - Access to substantial capital through our parent company and its life insurance subsidiary - One of six subsidiaries of London Pacific Group Limited, a group with over $3.5 billion under management and administration - Preferred transaction size: $5 to $15 million

To: Patherzen who wrote (86)	4/14/1999 2:57:00 PM
From: Bo Le	Read Replies (1) \| Respond to of 737

Read LPGLY news release you will find out that they now report un-realized gain as income which make their PE looks low. In the past, only when their investment sold, they count profits (if any) as income. WCAP is doing the same thing. That's why a lot of people think WCAP will earn $4 a share next Q (because they own 90000 shares WGAT whcih will go IPO this week). PWCC just relaesed Q report showing an un-realized gain of $21 million (from FLAS, of course). Using LPGLY's accounting, this $21 million can be considered as income, which is equal $7 a share. Then PWCC PE will be less than 3. So which one is better, LPGLY or PWCC? BL