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Technology Stocks : Healtheon Corporation (HLTH) -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (65)5/18/1999 6:28:00 AM
From: FR1  Respond to of 861
 
I wonder if it is possible that WebMD may be buying HLTH. It would be very strange but possible. HLTH stock is cold and the business limited. WebMD is red hot.



To: AlienTech who wrote (65)5/18/1999 8:35:00 AM
From: GJLevine  Read Replies (3) | Respond to of 861
 
AT,
Here my feeble attempt to understand this issue and derive a picture for PTEK. HLTH shares outstanding is 70 Million, WebMD shares outstanding before any IPO offering is 18 Million from the summation of sharesholder shares from the site www.ostman.com/webMD/shareholders.

If MSFT offered 300 Million for 27% of WebMD or 4,876,742 shares this equated to a $61.50/share offer. It also values WebMD at a 1.1 Billion market Cap. From the Faver Report MSFT was turned at this level and the report to need an offer sufficient to Value WebMD at 2.5 Billion or $123/share.

Now we here Faver report that the Hlth/WebMD merger will be close to 3.5 Billion, If infact this is the value of WebMD based on the offering from Hlth then the WebMd shares have a value of $194 each. Since I have no more information than everyone else, I'll be waiting for the terms of the Merger and MSFT involvement.

As for PTEK's share in this, PTEK controls 12% of the O/S shares of WebMD which is 2,167,400 shares. At a value of $61.50/share yields $133,297,000. divided by the 40 Million O/S of PTEK and you get $3/share to PTEK.
At a $123/shre value PTEK's share value is $6 from WebMD investment and at $194 it is $9/share for PTEK.

Looks very positive for PTEK holders

Glenn

oWe



To: AlienTech who wrote (65)5/18/1999 10:16:00 AM
From: JC Reddy  Respond to of 861
 
If both HLTH and WebMD constitute 50% in the merger, then HLTH will have to give roughly 3.5 shares for every WebMD share. HLTH outstanding shares will have to double to about 140 million shares. That would make a market cap of about $8-$10 billion.

IMO, that would be one of the biggest balloons.



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