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Technology Stocks : Network Appliance

NTAP 117.26

+1.1%

Dec 5 9:30 AM EST

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To: Mohan Marette who wrote (794)	3/30/1999 11:50:00 AM
From: Beltropolis Boy	of 10934

>Have you any experience in participating a secondary offering? I wonder who would be interested to participate in the offering unless the offering is at a significant discount from that of the current market value of the stock. I wonder whether you or anyone else on the thread have any idea on this? personally, i'm not viewing this as a major event or a secondary à la an IPO. 2.5M shares will only increase NTAP's outstanding common shares by 3.6% for a total of 71.9 million shares. however, i think your general concern is valid. typically, secondaries aren't a healthy thing (for us shareholders, anyway).

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