Aspeon (ASPE) - formerly Javelin Systems Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Aspeon (ASPE) - formerly Javelin Systems

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Joseph Waligore who wrote (42)	1/31/1999 3:44:00 PM
From: JF Quinnelly	Read Replies (1) of 84

ocregister.com Looks like the company's executives are going to cash in some of their stock gains: Though the company has access to a credit facility, it announced Jan. 20 that it intends to raise more money by offering another 2.5 million shares of common stock, including 500,000 shares that will be sold by company executives. The offering could raise about $25 million for the company, which plans to use the money for working capital and acquisitions, and nearly $7 million for the executives, based on Friday's stock price.... ....investors were surprised to see Javelin return to Wall Street so quickly, particularly with an offering that will double the number of actively traded shares. Worried about new stock diluting the value of existing stock, investors drove down Javelin shares nearly 9 percent after the offering was announced. But analysts say the new offering may help the stock in the long run, making it more appealing to mutual funds and institutional investors.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next