Gordon, great list - thanks. One question. How is it compiled? I ask because an ISLD spokesman said their quiet period ends 7/26 (see article below) and you've got 7/23.
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Talk : Web/Info : Digital Island,Inc - (Nasdaq- ISLD)
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To: AV8R (87 )
From: djane
Friday, Jul 9 1999 10:29AM ET
Reply # of 143
7/26 end of quiet period (see bottom of article below)
Talk : IPOs : Digital Island,Inc - (Nasdaq- ISLD)
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To: lebo (31 )
From: djane
Tuesday, Jul 6 1999 9:37PM ET
Reply # of 87
Dow Jones article (after the close). Digital Island's Shares Jump On Strength of Internet
Issues
July 6, 1999
Dow Jones Newswires
SAN FRANCISCO -- Shares of Digital Island Inc., a provider of
e-commerce and Internet services, skyrocketed Tuesday on the continuing
strength of new Internet issues, particularly among Web-hosting
companies, analysts said.
In Tuesday's Nasdaq Stock Market trading, Digital Island's stock was up
$11.4375, or 54%, to $32.6875, on Nasdaq volume of about 5.3 million.
"We are in a strong market for Internet stocks," said David Menlow,
president of IPO Financial Network of Millburn, N.J. "And people are
looking for product."
Thomas Weisel Partners LLC analyst James Linnehan said Digital Island
shares are attracting attention because the company operates in the
Web-hosting niche of the Internet sector.
Web-hosting stocks have gained popularity recently because of their
takeover potential, said Mr. Linnehan, who sees Digital Island as a
possible target. He said he believes Metromedia Fiber Network Inc.'s bid
for AboveNet Communications Inc. in late June laid the framework for
future deals in the sector.
In addition, Mr. Linnehan said Digital Island's announcement Tuesday of a
contract with BidCom Inc. reinforces in the minds of investors the
company's ability to gain clients. Digital Island will provide a variety of
Web-hosting and network services to BidCom, also based here, a
company that supplies custom project management tools to building
industry customers via the Internet.
Mr. Linnehan said companies want to harness the power of the Internet,
but don't want to spend the time and money to build the infrastructure,
creating demand for outsourcing-service providers like Digital Island.
Digital Island shares made their debut June 29. According to Mr. Menlow,
the stock had sellers right out of the gate, which drove the stock to a low
of $8.333 from its pricing of $10. Regaining ground later in the day, Digital
Island shares settled the first day of trading at $11.875. The following day
the stock gained about 51%.
Thomas Weisel was one of the underwriters for the company's
six-million-share initial public offering.
Digital Island spokesman Irwin Greenstein was unable to comment on the
stock's activity because of the company's quiet period, which expires July
26.
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