here is the latest release:
it looks like you are right on. this should depress the stock price.
Computer Network Technology Files Registration Statement
PR Newswire - June 17, 1999 09:16
MINNEAPOLIS, June 17 /PRNewswire/ -- Computer Network Technology Corporation (Nasdaq: CMNT) (CNT(R)) today
announced that it filed a registration statement with the United States Securities and Exchange Commission relating to the offer
and sale of up to 4,025,000 shares of common stock, including an option to the underwriters to acquire up to 525,000 shares of
common stock in connection with any over-allotment of shares. The Company anticipates completing the offering, subject to
market conditions, prior to September 30, 1999. The price and final number of shares offered will be based on market conditions
at the time the offering is commenced. The managing underwriters of the offering are Bear, Stearns & Co., Inc., SG Cowen,
BancBoston Robertson Stephens and Morgan Keegan & Co., Inc.
When available, a written copy of the prospectus relating to the offering may be obtained from Bear, Stearns & Co., Inc., 245
Park Avenue, 9th Floor, New York, New York 10167.
A registration statement relating to these securities has been filed but has not yet become effective. These securities may not be
sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall
not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in
which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such
state.
About Computer Network Technology
Computer Network Technology, based in Minneapolis, Minn., is a global company providing hardware and software products and
services for the implementation of Storage Area Networking, Enterprise Application Integration and re-engineering solutions.
Organizations worldwide choose CNT to build and run their business-critical networks and gain greater connectivity and access
to information, without sacrificing performance, security, or integrity. The Company's products are sold worldwide through a
direct sales force and a network of authorized distributors. For more information, visit CNT's web site at cnt.com or
call 800-638-8324 (U.S.) or 612-797-6000 (International).
SOURCE Computer Network Technology Corporation
/CONTACT: Greg Barnum, VP of Finance of Computer Network Technology
Corporation, 612-797-6110, greg_barnum@cnt.com/
/Web site: cnt.com
(CMNT) |
