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Technology Stocks : Mpath Interactive, Inc. (MPTH) -- Ignore unavailable to you. Want to Upgrade?

To: GJLevine who wrote (24)	4/26/1999 12:37:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 243

I heard the same but I am not sure.<eom>

To: GJLevine who wrote (24)	4/26/1999 4:27:00 PM
From: Mohan Marette	Respond to of 243

On Mpath pricing,it could be tonight according to MarketWatch. Mpath Interactive on deck; sports firm files for IPO By Bambi Francisco, CBS MarketWatch Last Update: 2:53 PM ET Apr 26, 1999 Net Stocks Internet Daily NEW YORK (CBS.MW) -- A number of new Web offerings -- from a live community site to yet another music retailer hoping to capitalize on the popularity of downloading music on the Web -- are set to price late Monday. Topping the week's deals is Mpath Interactive (MPTH: news, msgs), chosen as the IPO pick of the week by Renaissance Capital, an IPO research firm and fund operator. Mountain View, Calif.-based Mpath is expected to price 3.9 million shares at between $10 and $12 share Monday night. The stock is to begin trading Tuesday. BancBoston Robertson Stephens leads the offering, with Wit Capital acting as electronic manager. None of the static, lots of cling "Mpath brings a new dimension to Web site communities," said Randall Roth, an analyst at Renaissance. "Before we had static communities -- but now it's really interactive." Mpath develops and licenses technology to create live community sites, which allows instantaneous interaction. The company boasts more than 2.6 million registered users, which generated 50,000 unique daily visits and stayed on for an average of more than an hour and a half each day. Based on the lengthy time spent online, Mpath's audience is appealing to advertisers, which like to put their ads in front of so-called sticky audiences. Roth also pointed out that the company's business model is attractive because the revenue stream is two-tiered. Just over half of all revenue is generated by proprietary-software sales, while the other half is from the live community sites, including ad sales and some subscription fees. His list of comparable companies to Mpath include Go2Net (GNET: news, msgs), which trades for 166 times sales, and Multex.com (MLTX: news, msgs), which is trading at 107 times sales. Mpath is being priced at 32 times sales. cbs.marketwatch.com