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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (7293)	5/20/1999 8:58:00 PM
From: xcr600	Read Replies (1) \| Respond to of 57584

Rande, it's generally accepted that the holder will trade at a discount, up to 40% of paper value. This is due to taxes, commissions, etc.. 40% is being conservative, so it would put PTEK back to $14.40 based on your $24. However, this is with the max discount applied. A 20% discount puts it at $19.20 x

To: Rande Is who wrote (7293)	5/20/1999 9:06:00 PM
From: findstock	Read Replies (1) \| Respond to of 57584

Randy, I came up with close to the same thing around 25.50 per share there is little doubt we are way undervalued here, there were some negative mechanics that happened in the last several hours, there were options that expired today, there is a large short on this stock that is not going to be relinquished without a fight....there was a fair amount of insider selling as you can imagine from some stock bought around the 2 to five dollar range....and lastly the market collapsed under a fair amount of profit taking, I think with the exposure PTEK has recieved that if people will wait more than 10 minutes this stock should reach its valuation in the next several days, it was at the price we determined already without this new merger and asset base....I plan to hold for a while, it will be a wild ride but I believe the mid 20's is a given, just when

To: Rande Is who wrote (7293)	5/20/1999 10:52:00 PM
From: MMM Mule	Read Replies (1) \| Respond to of 57584

HNLY to tired to write anything else tonight zzzzzzzzz ZZZZZZZ zzzzz

To: Rande Is who wrote (7293)	5/20/1999 11:19:00 PM
From: kendall harmon	Read Replies (2) \| Respond to of 57584

The only problem I have is with the issue of the number of shares PTEK holds--as this article makes clear, there is some lack of clarity about this. NEW YORK, May 20 (Reuters) - Premiere Technologies Inc. (Nasdaq:PTEK - news) shares jumped as much as 16 percent Thursday on speculation about the value of its holdings in WebMD, which has agreed to merge with Healtheon Corp. (Nasdaq:HLTH - news) Premiere stock gained as much as $20.87, up more than $4 before falling back to close at $17.94, up $1.62 on the day in Nasdaq stock market trading. It was the second most active issue on the Nasdaq. Bob Zwerneman, head of investor relations for Premiere, confirmed his company holds equity in WebMD, but would not comment on the exact value, citing an apparent inconsistency with the exact value of that stake. SEC documents filed in late January showed Premiere as owning 2.1 million shares, or 12.1 percent, of the capital stock of WebMD, an online health information site. But as a result of Microsoft's tender offer to WebMD holders announced as part of Healtheon's takeover deal, Premiere's ownership could run as high as 2.9 million, he said. But he said the exact amount was as yet unknown. ''The question remains. Whatever happened to the tender that Microsoft had (coming) to all capital shareholders?'' Zwerneman said. ''And as part of that tender process there had been a dividend declared that would have added something like another 800,000 shares to Premiere.'' The exact value will remain unclear until Microsoft and WebMD disclose the structure of their side deal, which preceded Healtheon's pact to acquire WebMD, which analysts estimated was worth $5.5 billion. Neither Healtheon or WebMD gave an exact value for the deal, but the swap will give the shareholders of each company 50 percent ownership of the combined entity. Healtheon was also one of the biggest leaders in Nasdaq trade, with shares jumping more than $20, or 25 percent, to close at $100.62.