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Technology Stocks : Network Plus Corp-(NPLS)

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To: American Spirit who wrote (224)7/28/1999 6:05:00 PM
From: Mark The Trader  Read Replies (2) of 299
 
News came out at around 5 PM today . Npls is not going to offer the 150 million in notes because of bad "unfavorable market conditions"
Thats a big reason the stock had sold off as much as it has over the last week , this type of news is always leaked out early .
They did say that they are looking into other financing and should be able to secure it to finance growth . Considering the business they are in ( broadband) I would not worry about them getting financing, but NPLS may be a bit more sensitive to Interest rates issues
considering this development.

Mark
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