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Biotech / Medical : WebMD Health Corp -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (308)	10/13/2001 12:42:55 PM
From: Michael Olds	Read Replies (1) \| Respond to of 326

David and Sr: On the 10th in a matter of less than 30 minutes 120,000 shares moved the market from 3.41 to 3.94. Last night, after hours, about 1000 shares moved the market from 3.45 to 4.00. I suggest that a buy of 35,000,000 shares at $5.28 was a coup. I am thinking that the factors keeping down the price at this point are: 1. The overhang. Estimated at the last CC to be something like 70,000,000 shares including the Quintiles shares. 2. The lawsuit between Quintiles and WebMd. A. Partily for purely psychological reasons..."I'm bigger than you are." B. Partly for the control of the data C. Partly for the expense 3. The fact that this is tax selling season in a bad year. Otherwise the positives are very compelling: A. First and Formost MW and team with a very strong track record B. Cash and no debt C. A good product and a new product which is by all reports going to be well received D. The turn around to profitability is still on schedule for Q4 And should have been reflected in a higher price than the current one except for the very negative market which is almost as pessimistic here as it was optimistic a couple of years ago. So I believe the ...what is the term Soros uses? Inflection Point...occured Friday with the announcement of the settlement which removes what looked to me like the worst dark cloud. And, oh yes, I believe I answered the argument about the guarantees in my previous. I seriously doubt selling this company before it was highly profitable, with the stock price very much higher than this, after at least one split, and at a huge premium would have occured before a few more years in any case. Just my impression of the way MW handled MEDCO, and was handling SNTC before the sale of MEDCO changed the nature of what SNTC was going to be.