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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR -- Ignore unavailable to you. Want to Upgrade?

To: ABE who wrote (538)	4/16/1999 1:38:00 AM
From: Glenn Petersen	Read Replies (2) \| Respond to of 954

Hoover's has them coming out the week of April 19, though I can guarantee that they will not meet that schedule. They filed their first amendment to the S-1 on April 12 and they will end up filing at least one more amendment. They do not appear to be speed merchants; it took them approximately three weeks to respond to the original comments from the SEC. The price per share has been tentatively set at $9. Each share of PTET will be backed by approximately .05525 shares of HITS. If HITS pops to $30, that equates to $1.66 per PTET share. You need to discount that by 40%, which brings you down to $.99 of value per share. Not enough to really matter. I have lost my feel for NAVR. I sold my NAVR the day the sub filed its S-1 and I have not looked back. I am currently playing BKS for the back door; at 35 5/8 it seems like a safe bet. JMHO. Regards.