Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying -- Ignore unavailable to you. Want to Upgrade?

To: blankmind who wrote (830)	4/15/1999 1:00:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 1305

Blank, how large (or small) is PTET's stake in WebMD? that's the most important issue. Regards, Tom

To: blankmind who wrote (830)	4/15/1999 1:25:00 PM
From: incomep	Read Replies (1) \| Respond to of 1305

Hi Blankmind: WebPC or WebMD? REDMOND, Washington--Microsoft has offered to pay about $300 million for about 27 percent of WebMD, a closely held company that markets physician services and consumer information over the Internet, said a person familiar with the offer. Microsoft on Friday filed a tender offer for the shares in a transaction that will give the software company an entry into providing health-care information over the Internet, an area that's expected to boom in coming years, said the person, who spoke on condition of anonymity. "It makes a lot of sense to me," said William Whyman, Internet strategist at Legg Mason's Precursor Group. "Health care accounts for one-seventh of the economy, and it's hugely inefficient, ripe for the efficiency gains of e-commerce." Atlanta-based WebMD in January filed to sell a minority stake to the public in a $55 million initial public offering. Microsoft intends to acquire its stake in WebMD prior to completion of that offering, the person said. Last week, DuPont said it will invest $220 million in an Internet health care program with WebMD as DuPont seeks to expand its life-sciences business, including its drug unit. Under its agreement with WebMD, DuPont will be the exclusive provider of life-sciences information, which includes over-the-counter medicines, food, and nutritional supplements. DuPont then will look to have other drug and food companies subscribe to WebMD, which began in October. Officials at Microsoft declined comment, and WebMD officials weren't immediately available to comment. WebMD provides administrative and other services to doctors and publishes a Web site where people can find doctors and research health-care procedures, according to its January IPO filing with the U.S. Securities and Exchange Commission. Shares in Seattle-based Microsoft fell 4.25 to 85.88 in trading today.