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   Technology StocksFirst Virtual Holdings (FVHI): Internet bottom fishing?


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To: Jonathan Brown who wrote ()7/14/1998 6:25:00 AM
From: gizelle otero
   of 87
 
You are right about FVHI discussion on Yahoo vs. SI:

This is not some scam company like MARG or even KLB. What they are doing is developing for a very powerful, yet ignored application on the net (e mail).

They are also a marketing and advertising company similar to double click, which generates revenues from every use of their product by their clients.

Clients include netscape, yahoo, e*trade (where they will be co-developing trade station), and all the Fortune 500 companies they bought as customers in their last purchase WITH STOCK. Do you think any company that is pulling a good profit would let themselves be taken over by another company in a 1 for 1 stock transaction whose stock is going to go down?

If you bashed FVHI here, please do your research on this company and then you can write your apology to me here. My company just invested 500k in FVHI products and services and we are a very stodgy publishing enterprise. That opened my eyes to the potential in this stock a while back.

I Wish I had bought at .60 like SOFTBANK instead of at $4.00 recently.

Still, it is worth over $20.00 a share so I'll be a happy camper after all.

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To: neverenough who wrote (65)7/14/1998 8:14:00 AM
From: Dave Ruff
   of 87
 
It is being touted by some newsletters. Go to: daytraders.com

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To: Logistics who wrote (69)7/14/1998 10:44:00 AM
From: Winston Kim
   of 87
 
JL,

Hope you dumped FVHI @ the open. I should have shorted this dog. Also, should have shorted LEAP

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To: webinfopro.com who wrote (71)7/14/1998 12:24:00 PM
From: Jonathan Brown
   of 87
 
Webby, I am sympathetic to your point of view, but let's be realistic. FVHI has risen from 60 cents to over $7 in a matter of a few weeks. Why? Association with Softbank, which is in the news for its investments in E*Trade (which bought a small share of FVHI--around half a million, as I recall) and Yahoo! (you know it's a Net stock when you need to use the shift key for special symbols or punctuation in the name--when will children get their asterisks and exclamation points, like Billy! or Ja*ne?). Beyond that we have wistful, wishful thinking from the Web bulls and a run based on daytrading. With a long-term view and a risk-friendly approach to small-cap investing, this may indeed prove an excellent buy-and-hold investment. But goodness gracious, we ain't bottom fishing now. The risk/reward ratio is a lot higher than it was for what remains a company with interesting potential and contacts but very little to show for results. And remember, this is a Web commerce company. Look at the sector. It is not the leader among Web stocks generally. If you doubt that, have a look at CYCH. Great ideas, but where is the dough? The stock price is reflecting where it isn't.

Best of luck to all.

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To: Jonathan Brown who wrote (75)7/14/1998 1:05:00 PM
From: gizelle otero
   of 87
 
Support confirmed at $5.25. Institutional buying noted at that level.

Looks like we were experiencing a mild intra-day correction. The stock should rise to above $7.00 by the end of the day.

There are more shorts to hammer now than there were at 9:30 this morning....and more that have to cover.

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To: gizelle otero who wrote (76)7/14/1998 1:47:00 PM
From: gizelle otero
   of 87
 
I always respond with facts, here are some on FVHI:

1. SoftBank just pumped 12.4 million into FVHI (also assumed their debt).

2. None of the transactions increased the float. All are considered "insider" stock, which doesn't count against the float (shares available to be freely traded by the public) In fact, the float has been decreased from 1.9 mil to 1.2 mil by the recent transactions.

3. SoftBank's published policy is to hold at least 2 years. Why would they spend 12.4 mil, and then lose it by flooding the market with stock?

4. No SEC filings other than insider buys and the recent transaction.

Please do not trash a good company in the hope of getting more shares cheaply or making money on your short position. The facts are too easy to obtain in 1998.

FVHI is a fine company matched up with SOFTBANK and E*Trade. Watch and learn.

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To: webinfopro.com who wrote (71)7/20/1998 1:38:00 PM
From: loe4net
   of 87
 
Weby

I finally got some. Paid 4.25, which I think will be considered a bargain in a few months.

Will be holding long as I have with SEEK.

Loe

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To: loe4net who wrote (78)7/20/1998 8:18:00 PM
From: webinfopro.com
   of 87
 
Hi Loe,

You did better than me today (Not counting cmgi). I decided to double my position this morning when it was holding over 5 and put in a limit order at 4 7/8 which was, of course, executed. I don't worry about fractions with these stocks. As my nephew puts it on his sig -- 5 out of four people don't understand fractions.

Weby

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To: webinfopro.com who wrote (79)7/21/1998 7:22:00 AM
From: Ruth Macellari
   of 87
 
Looks like some terrific news out late last night:

Monday July 20, 11:55 pm Eastern Time
Company Press Release
SOURCE: CyberCash, Inc.
Cybercash and First Virtual Holdings Announce Cooperative Agreement; E-Commerce Pioneer Migrates Client Base En Masse to Cybercash
RESTON, Va., July 20 /PRNewswire/ -- CyberCash, Inc. (Nasdaq: CYCH - news), the world's leading provider of electronic commerce payment solutions, and First Virtual Holdings Incorporated (Nasdaq: FVHI - news), now a provider of premier Internet messaging services, today announced a preliminary cooperative agreement to offer all of First Virtual's merchants and buyers a migration path to CyberCash's CashRegister Payment Service. This migration will enable First Virtual to focus on its best-of-breed Interactive Messaging Platform. Exact terms of the agreement were not disclosed.

Under the terms of the preliminary agreement, CyberCash will provide its premier Internet payment solution to over 2,000 merchants who previously used the First Virtual Internet Payment System (IPS). In exchange, First Virtual's best-of-breed Interactive Messaging Platform (IMP) will be Cybercash's preferred solution for interactive messaging. Although First Virtual was one of the early entrants to the Internet payment service business a few years ago, the company will exit that business to focus on its successful messaging technology services. Before First Virtual ceases its IPS operations in August, all 2000+ merchants and 60,000+ active buyers of the First Virtual IPS will be encouraged to deploy CyberCash's payment technologies and services.

CyberCash's Cash Register 3 e-commerce service gives merchants easy installation and automatic upgrades. Cash Register 3 includes the most advanced security available, the Internet's widest range of payment options and the scalability to meet the needs of merchants in any industry and in all stages of growth.

Bill Melton, President and Chief Executive Officer of CyberCash, stated, ''We are now in a position to link our best-of-breed e-commerce payment solutions with First Virtual's best-of-breed messaging system. Our partnership will offer Internet businesses the easiest and most secure means of bringing e-commerce to their customers.''

Payment processing, which is a key component of First Virtual's messaging offering, will now be supplied by CyberCash. The payment systems will be integrated into the Interactive Messaging Platform. Keith Kendrick, President of First Virtual, said, ''Our messaging clients expect that when their communications lead to sales, payment processing will be quick and easy. We will offer our clients CyberCash solutions, the finest Internet payment processing products and services available worldwide.''

CyberCash's Bill Melton said, ''First Virtual's Interactive Messaging Platform will enhance our offering so that we can communicate with our customers far more effectively. Their technology is truly superior, and we are glad to have them as a strategic business partner and as a member of the SOFTBANK family.''

First Virtual's messaging services enable companies to perform transactive messaging in addition to targeted, personalized, interactive broadcasts. This is particularly valuable in direct marketing of goods and services, and in providing critical information such as a confirmation of account status and transactions to customers. First Virtual's Interactive Messaging Platform (IMP) is based upon the expertise of its founders and the technology and experience gained during four years of development and operation of its messaging-based Internet Payment System. CyberCash will use First Virtual's IMP to aid in the merchant migration effort and plans to recommend First Virtual's IMP to its growing customer base, worldwide.

About CyberCash

CyberCash is the world leader in secure, convenient payment technologies and services, enabling e-commerce across the entire market spectrum from electronic retailing environments to the Internet.

CyberCash provides a complete line of software products and services allowing merchants, billers, financial institutions and consumers to conduct secure transactions using the broadest array of popular payment forms. Credit, debit, purchase cards, cash, checks, smart cards and alternative payment types (e.g., ''frequent buyer'' or loyalty programs ) are all supported by CyberCash payment solutions. Leading brands of CyberCash include ICVERIFY(R), PCVERIFY(TM), CashRegister(TM), NetVERIFY(TM), CyberCoin(R) and PayNow(TM).

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To: webinfopro.com who wrote (79)7/21/1998 7:06:00 PM
From: loe4net
   of 87
 
Weby

We did ok on this one today. I believe it would have hit 7 if it weren't for the overall market. Maybe just 6 33/32 but you know how those fractions are.

Loe

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