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

To: RMMOYER who wrote (687)	5/12/1999 11:01:00 AM
From: 613	Read Replies (1) \| Respond to of 954

Anyone do any dd for INDI re: the WIT Cap IPO it owns?

To: RMMOYER who wrote (687)	5/12/1999 2:39:00 PM
From: BobKuz	Respond to of 954

don't forget PTET and its 10% stake in musicmaker.com, whose IPO is this month

To: RMMOYER who wrote (687)	5/12/1999 3:36:00 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 954

Regards BNYN, I have taken a look at the Software.com (SWCM) S-1. While the deal has not yet been priced, SWCM is looking to raise $69.0 MM. If we assume that they sell off 20% of the company, the remaining 80% is worth $276.0 MM, of which BNYN owns 3.9%, or approximately $10.764 MM. Assume that SWCM triples when it IPOs, discount that amount by 40% for liquidity and tax concerns, and you are left with $19.375 MM that is applicable to BNYN. That works out to about $1 per share, hardly enough to move the stock. The SWCM S-1 can be found at: sec.gov