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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: kathyh who wrote (2022)	4/16/1999 8:55:00 AM
From: blankmind	Read Replies (1) \| Respond to of 108040

- Why PTEK (Premiere Tech) is a strong buy: - High flying ipo's cause other companies' stock to go higher if they own the ipo, i.e., WCAP owned shares of COOL. So WCAP goes from $1 to $65 in a blink of an eye (now at $45 or so) - Same thing with CMGI, WCAP, SHAL... etc... - the next super-hot ipo is WebMD. Who is backing WebMD? None other than Dupont w/ $200 mill; and a proposal on Tues. from MSFT for $300 mill - who owns 12% of WebMD? You guessed it: PTEK (Premier Tech) - I think the WebMD ipo comes out within 2 weeks. See the SB1 on Edgar. Robinson Humphrey is the lead. - PTEK is a very reputable companey. Income statement shows $120 mill in 1994 revenue; vs. $444 mill in 1998 - sitting on $40 mill in cash & marketable securities - addtl paid in cap is $562 mill - & finally, PTEK has built up the $444 mill in revs the hard way. Inlcuding alliances with SUNW (Sun Microsystems) & many of the major players. - retained earnings is negative $153 mill - which means they're losing money over the long haul - on balance - given the alliances & ownership with WebMD; and MSFT's involvement, I think this can do pretty well.