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Technology Stocks : divine interVentures, Inc. (DVIN) -- Ignore unavailable to you. Want to Upgrade?


To: The Other Analyst who wrote (107)7/8/2000 2:01:36 AM
From: Sr K  Read Replies (3) | Respond to of 246
 
I would not avoid it ...

Divine, which takes significant investments in Internet
companies and offers them a suite of legal, real estate
and public relations services, has already started shifting
and cutting back its ambitious plans.


... I'd hope they get the offering off, and then I'll follow it closely - it has the potential to be one of the all-time great shorts.

Where is the value added in providing legal, real estate, and pr services? This is an unwieldy mess, set up at a time of an Internet flurry and bubble. It makes no sense to me.

There are private companies, similarly positioned, better focused, with technology and marketing that sets them apart, valued at 1/4 to 1/8 of this bloated company. By this comparison I think a fair value is about $2.00-$3.50 per share.

Anything over $14 is like putting a bullseye on the stock.

One more thing. The name ... the "inter ventures" I get, but the "divine" is so 1999, and if they think they need outside help from above, why would anyone want to invest in it down here?



To: The Other Analyst who wrote (107)7/11/2000 7:19:40 PM
From: Glenn Petersen  Read Replies (2) | Respond to of 246
 
DVIN prices at $9:

biz.yahoo.com

Tuesday July 11, 6:51 pm Eastern Time

Divine InterVentures prices ipo at $9/shr

NEW YORK, July 11 (Reuters) - Divine InterVentures Inc. (NasdaqNM:DVIN - news), the highly watched internet and e-commerce company incubator, finally priced on Tuesday at $9 per share, at the bottom of its expected range, after several delays and changed expectations.

The company raised $128.57 million by selling 14.285 million shares. Last week, the Lisle Ill.-based company changed its expected price range to $9-$10 per share from $13-$15 per share.

The company was expected to price last Friday, and then again on Monday, but lead underwriters Robertson Stephens delayed the pricing each time.

Credit Suisse First Boston was the initial underwriters on the pricing, but Divine InterVentures chief executive Andrew ``Flip'' Filipowski, decided to change to Robertson Stephens.

When the company initially filed its IPO with the Securities and Exchange Commission in February, it planned to sell 50 million total shares in the range of $6 to $8 per share. The company subsequently altered the price range and the amount of shares it would sell, settling on 36 million, 14.28 million of which were offered to the public.

Divine InterVentures, which will trade under the symbol ``DVIN'' on the Nasdaq exchange, invests in internet and e-commerce companies.